WisdomTree Trust

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)

 

380 Madison Avenue, 21st Floor

                                      New York, NY 10017                                     

(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 28, 2013

 

 

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

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


Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


LOGO

 

LOGO

 

WisdomTree Trust

International Dividend and Sector Funds

 

Annual Report

March 28, 2013

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. 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)

(formerly, WisdomTree International 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)


Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

       1   

Performance Summaries (unaudited)

       4   

Description of Indexes (unaudited)

       26   

Shareholder Expense Examples (unaudited)

       30   
Schedules of Investments     

WisdomTree DEFA Fund

       33   

WisdomTree DEFA Equity Income Fund

       41   

WisdomTree Global Equity Income Fund

       45   

WisdomTree Europe SmallCap Dividend Fund

       50   

WisdomTree Japan Hedged Equity Fund

       54   

WisdomTree Global ex-U.S. Growth Fund

       58   

WisdomTree Japan SmallCap Dividend Fund

       61   

WisdomTree Asia Pacific ex-Japan Fund

       67   

WisdomTree Australia Dividend Fund

       70   

WisdomTree International LargeCap Dividend Fund

       72   

WisdomTree International Dividend ex-Financials Fund

       75   

WisdomTree International MidCap Dividend Fund

       77   

WisdomTree International SmallCap Dividend Fund

       83   

WisdomTree Emerging Markets Equity Income Fund

       91   

WisdomTree Emerging Markets SmallCap Dividend Fund

       94   

WisdomTree Middle East Dividend Fund

       100   

WisdomTree Europe Hedged Equity Fund

       101   

WisdomTree Commodity Country Equity Fund

       103   

WisdomTree Global Natural Resources Fund

       105   

WisdomTree Global ex-U.S. Utility Fund

       107   

WisdomTree Global ex-U.S. Real Estate Fund

       109   

WisdomTree China Dividend ex-Financials Fund

       111   

Statements of Assets and Liabilities

       113   

Statements of Operations

       118   

Statements of Changes in Net Assets

       122   

Financial Highlights

       129   

Notes to Financial Statements

       140   

Report of Independent Registered Public Accounting Firm

       165   

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

       166   

Trustees and Officer Information (unaudited)

       167   

Supplemental Information (unaudited)

       169   

General Information (unaudited)

       171   

 

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


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 11.27% in the 12-month period that ended March 28, 2013 (the “period”). Compared to peak levels reached in 2007, the MSCI EAFE Index is still down on a cumulative basis by more than 17.5%. 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 1.73%. This was 12 percentage points behind the S&P 500 Index and over 9 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 resolution of the Greek debt crisis and the ability for Europe to advert other major peripheral debt concerns allowed the international equity markets to grind higher through the end of the last year. Resolution surrounding the fiscal cliff and continued accommodative economic policy from the U.S. led developed international equity markets mostly higher in the first quarter of 2013. Broad emerging market equities have lagged both U.S. and international developed markets. It seems investors have been selling higher risk emerging market equities to try and catch the performance of the U.S. markets, which have made new record highs.

A majority of the MSCI EAFE Index sectors had positive performance over the period, but returns in the defensive sectors of Healthcare and Consumer Staples led. The Financial sector, which holds the largest weight, was the biggest positive contributor to index performance. The Utilities, Energy and Material sectors all had negative returns over the period and detracted from total index performance. A similar story unfolded in the emerging markets, with defensive sectors outperforming cyclical sectors over the time period.

WisdomTree Fund’s Performance Overview

Measured in local currency, the MSCI EAFE Index returned 13.08% over the period. The foreign currency component of the developed world returns subtracted a little less than 2 percentage points to the returns of the MSCI EAFE Index. During the period, the euro depreciated against the U.S. dollar, weakening by almost 4% over the period. Weakening currencies relative to the U.S. dollar decrease the value of foreign investments measured in U.S. dollars and tend to lower returns experienced by U.S. investors who invest overseas.

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

 

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

DWM

  WisdomTree DEFA Fund   11.42%   MSCI EAFE Index     11.27%         0.15%

DTH

  WisdomTree DEFA Equity Income Fund   12.08%   MSCI EAFE Value Index     11.09%         0.99%

DEW

  WisdomTree Global Equity Income Fund   10.51%   MSCI AC World Index     10.53%         -0.02%

DFE

  WisdomTree Europe SmallCap Dividend Fund   14.33%   MSCI Europe Small Cap Index     14.56%         -0.23%

DXJ

  WisdomTree Japan Hedged Equity Fund   19.12%   MSCI Japan Local Currency Index     24.10%         -4.98%

DNL

  WisdomTree Global ex-U.S. Growth Fund   5.03%   MSCI AC World ex-USA Growth Index     9.03%         -4.00%

DFJ

  WisdomTree Japan SmallCap Dividend Fund   9.97%   MSCI Japan Small Cap Index     12.12%         -2.15%

AXJL

  WisdomTree Asia Pacific ex-Japan Fund   11.18%   MSCI AC Asia Pacific ex-Japan Index     10.67%         0.51%

 

WisdomTree International Dividend and Sector Funds      1   


Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

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

AUSE

  WisdomTree Australia Dividend Fund   20.49%   MSCI Australia Index     22.20%         -1.71%

DOL

  WisdomTree International LargeCap Dividend Fund   10.80%   MSCI EAFE Index     11.27%         -0.47%

DOO

  WisdomTree International Dividend ex-Financials Fund   5.98%   MSCI EAFE Value Index     11.09%         -5.11%

DIM

  WisdomTree International MidCap Dividend Fund   11.32%   MSCI EAFE Mid Cap Index     10.76%         0.56%

DLS

  WisdomTree International SmallCap Dividend Fund   16.78%   MSCI EAFE Small Cap Index     13.43%         3.35%

DEM

  WisdomTree Emerging Markets Equity Income Fund   -1.05%   MSCI Emerging Markets Index     1.73%         -2.78%

DGS

  WisdomTree Emerging Markets SmallCap Dividend Fund   10.58%   MSCI Emerging Markets Small Cap Index     8.92%         1.66%

GULF

  WisdomTree Middle East Dividend Fund   8.46%   MSCI Arabian Markets ex Saudi Arabia Index     2.25%         6.21%

HEDJ

  WisdomTree Europe Hedged Equity Fund   16.06%   MSCI EAFE Local Currency/MSCI EMU Local Currency Spliced Index     8.93%         7.13%

CCXE

  WisdomTree Commodity Country Equity Fund   5.72%   MSCI ACWI ex-USA Index     8.32%         -2.60%

GNAT

  WisdomTree Global Natural Resources Fund   -6.55%   S&P Global Natural Resources Index     -1.92%         -4.63%

DBU

  WisdomTree Global ex-U.S. Utilities Fund   -1.54%   S&P Developed Ex-US BMI Utilities Sector Index     -0.47%         -1.07%

DRW

  WisdomTree Global ex-U.S. Real Estate Fund   22.62%   Dow Jones Global ex-US Select Real Estate Securities Index     25.89%         -3.27%

CHXF*

  WisdomTree China Dividend ex-Financials Fund   3.76%   MSCI China Index     7.95%         -4.19%
            FTSE 25 China Index     6.05%         -2.29%
* Total returns shown are for the period September 19, 2012 (commencement of operations) to March 28, 2013.

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

WisdomTree’s best performing fund for the year was the WisdomTree Global ex-U.S. Real Estate Fund. The global real estate market, as measured by the Dow Jones Global ex-U.S. Select Real Estate Securities Index is still around 30 percent off from the 2007 highs, but the index is up over 250 percent from the early 2009 lows. Last year the index continued to trend higher as positive numbers continue to materialize. The WisdomTree Global ex-U.S. Real Estate Fund returned 22.62% for the period. The Fund’s benchmark, the Dow Jones Global ex-U.S. Select Real Estate Securities Index, returned 25.89% for the same period.

The Asia/Pacific region saw the largest gains within the International developed world over the time period. The WisdomTree Australia Dividend Fund returned a positive 20.49%. China’s positive economic growth and ability to avoid a hard landing helped resource rich Australia post positive equity performance. The WisdomTree Japan Hedged Equity Fund delivered a 19.12% return over the year, most of it coming in the second half. A newly elected prime minister with an aggressive inflation target and accommodative Bank of Japan helped equities soar. The yen weakened over 12 percent during the time period which helped contribute to the positive performance of the

 

2   WisdomTree International Dividend and Sector Funds


Management’s Discussion of Funds’ Performance

(unaudited) (continued)

 

WisdomTree Japan Hedged Equity Fund. As a result of yen weakening, the WisdomTree Japan SmallCap Dividend Fund returned 9.97% 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 size capitalizations. The WisdomTree Emerging Markets SmallCap Dividend Fund returned 10.58%, while the WisdomTree Emerging Markets Equity Income Fund was down -1.05% for the period, over an 11% difference. The MSCI Emerging Markets Small Cap Index returned 8.92%, while the MSCI Emerging Markets Index returned 1.73%, over a 7% difference.

The two WisdomTree International Funds with the lowest returns over the period were the WisdomTree Global ex-U.S. Utilities Fund and the WisdomTree Global Natural Resources Fund. Both of these funds are sector specific and usually have higher risk/reward metrics. Both of these sectors were out of favor within the global markets over the time period, which resulted in negative performance.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 26-29 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.

 

WisdomTree International Dividend and Sector Funds      3   


Performance Summary (unaudited)

WisdomTree DEFA Fund (DWM)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    23.6%   

Industrials

    12.7%   

Consumer Staples

    10.3%   

Telecommunication Services

    9.9%   

Consumer Discretionary

    9.4%   

Health Care

    8.6%   

Energy

    8.3%   

Materials

    7.2%   

Utilities

    6.1%   

Information Technology

    3.1%   

Other Assets less Liabilities‡

    0.8%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

Westpac Banking Corp.

    1.8%   

HSBC Holdings PLC

    1.7%   

Commonwealth Bank of Australia

    1.7%   

China Mobile Ltd.

    1.5%   

Novartis AG

    1.4%   

National Australia Bank Ltd.

    1.4%   

Nestle SA

    1.4%   

Vodafone Group PLC

    1.4%   

Australia & New Zealand Banking Group Ltd.

    1.3%   

Roche Holding AG - Genusschein

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

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

The Fund returned 11.42% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
DEFA Index
     MSCI EAFE Index  

One Year

       11.42 %      11.12 %      11.60 %      11.27 %

Three Year

       5.19 %      5.34 %      5.17 %      5.01 %

Five Year

       -1.21 %      -1.21 %      -0.81 %      -0.88 %

Since Inception1

       2.82 %      2.90 %      3.24 %      2.31 %
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


Performance Summary (unaudited)

WisdomTree DEFA Equity Income Fund (DTH)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    28.8%   

Telecommunication Services

    13.0%   

Health Care

    10.4%   

Industrials

    9.8%   

Energy

    9.8%   

Utilities

    8.3%   

Consumer Staples

    6.8%   

Materials

    5.7%   

Consumer Discretionary

    5.5%   

Information Technology

    1.1%   

Investment Company

    0.2%   

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 3/28/13

 

Description   % of Net Assets  

Westpac Banking Corp.

    3.0%   

Commonwealth Bank of Australia

    2.8%   

HSBC Holdings PLC

    2.7%   

Novartis AG

    2.3%   

National Australia Bank Ltd.

    2.3%   

Vodafone Group PLC

    2.3%   

Australia & New Zealand Banking Group Ltd.

    2.1%   

Total SA

    2.0%   

Roche Holding AG - Genusschein

    1.9%   

BP PLC

    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 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 12.08% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs. NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
DEFA Equity
Income Index
     MSCI EAFE
Value Index
 

One Year

       12.08 %      11.90 %      12.54 %      11.09 %

Three Year

       4.41 %      4.78 %      4.57 %      3.48 %

Five Year

       -1.99 %      -1.94 %      -1.64 %      -1.69 %

Since Inception1

       1.81 %      1.82 %      2.50 %      1.16 %
1 

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

 

LOGO

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

 

WisdomTree International Dividend and Sector Funds      5   


Performance Summary (unaudited)

WisdomTree Global Equity Income Fund (DEW)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    27.7%   

Telecommunication Services

    16.0%   

Energy

    12.2%   

Health Care

    9.7%   

Utilities

    8.6%   

Materials

    7.0%   

Industrials

    6.9%   

Consumer Staples

    5.9%   

Consumer Discretionary

    3.7%   

Information Technology

    1.7%   

Investment Company

    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 3/28/13

 

Description   % of Net Assets  

AT&T, Inc.

    1.8%   

Westpac Banking Corp.

    1.7%   

HSBC Holdings PLC

    1.7%   

Commonwealth Bank of Australia

    1.6%   

China Construction Bank Corp. Class H

    1.6%   

Novartis AG

    1.5%   

China Mobile Ltd.

    1.5%   

Pfizer, Inc.

    1.4%   

National Australia Bank Ltd.

    1.3%   

Vodafone Group PLC

    1.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

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

The Fund returned 10.51% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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

       10.51 %      10.99 %      10.92 %      10.53 %

Three Year

       6.74 %      6.97 %      6.82 %      7.77 %

Five Year

       -0.51 %      -0.42 %      -0.32 %      -0.44 %

Since Inception3

       2.66 %      2.67 %      3.01 %      2.69 %
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


Performance Summary (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Industrials

    26.1%   

Consumer Discretionary

    19.3%   

Financials

    15.3%   

Information Technology

    11.1%   

Materials

    7.3%   

Consumer Staples

    6.5%   

Energy

    3.9%   

Telecommunication Services

    3.7%   

Health Care

    3.6%   

Utilities

    2.6%   

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 3/28/13

 

Description    % of Net Assets  

Cable & Wireless Communications PLC

     2.0

Nexity SA

     1.8

Antena 3 de Television S.A.

     1.6

Banca Generali SpA

     1.5

Sonae

     1.4

ERG SpA

     1.3

Comdirect Bank AG

     1.2

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.

     1.0

Fabege AB

     1.0

Duro Felguera S.A.

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

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

The Fund returned 14.33% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the United Kingdom. The Fund’s position in Denmark 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

      Average Annual Total Return  
      Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Europe
SmallCap
Dividend Index
     MSCI Europe
Small Cap Index
 

One Year

     14.33 %      12.84 %      14.93 %      14.56 %

Three Year

     7.92 %      7.96 %      8.35 %      8.39 %

Five Year

     -1.09 %      -1.15 %      -0.56 %      0.93 %

Since Inception1

     2.52 %      2.28 %      2.83 %      4.48 %
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   


Performance Summary (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Industrials

    23.1%   

Consumer Discretionary

    18.9%   

Information Technology

    15.3%   

Health Care

    13.9%   

Materials

    11.4%   

Consumer Staples

    9.5%   

Financials

    7.2%   

Energy

    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 3/28/13

 

Description   % of Net Assets  

Mitsubishi UFJ Financial Group, Inc.

    5.8%   

Takeda Pharmaceutical Co., Ltd.

    5.4%   

Canon, Inc.

    4.5%   

Honda Motor Co. Ltd.

    4.0%   

Japan Tobacco, Inc.

    3.1%   

Mitsui & Co., Ltd.

    3.1%   

Toyota Motor Corp.

    2.8%   

Nissan Motor Co. Ltd.

    2.8%   

Astellas Pharma, Inc.

    2.5%   

ITOCHU Corp.

    2.4%   
* 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 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 19.12% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Health Care 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 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/28/13

 

        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

       19.12 %      18.67 %      19.07 %      24.10 %

Three Year

       2.36 %      2.46 %      2.50 %      3.40 %

Five Year

       -0.66 %      -0.54 %      -0.73 %      -0.49 %

Since Inception3

       -0.88 %      -0.74 %      -0.89 %      -0.94 %
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


Performance Summary (unaudited)

WisdomTree Global ex-U.S. Growth Fund (DNL)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Consumer Staples

    18.2%   

Financials

    15.5%   

Energy

    14.7%   

Consumer Discretionary

    12.7%   

Telecommunication Services

    11.3%   

Materials

    10.7%   

Industrials

    6.9%   

Information Technology

    4.1%   

Utilities

    2.6%   

Health Care

    1.8%   

Investment Company

    1.2%   

Other Assets less Liabilities‡

    0.3%   

TOTAL

    100.0%   

 

The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. 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 3/28/13

 

Description   % of Net Assets  

China Mobile Ltd.

    6.7%   

Nestle SA

    6.2%   

Royal Dutch Shell PLC Class B

    3.9%   

Statoil ASA

    2.8%   

Anheuser-Busch InBev N.V.

    2.6%   

CNOOC Ltd.

    2.4%   

Vale SA

    2.1%   

BHP Billiton PLC

    2.0%   

SAP AG

    1.8%   

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

The Fund returned 5.03% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.59%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan Equity Income/
Global ex-U.S. Growth
Spliced Index1
     MSCI Japan Value/
MSCI AC World
ex-U.S.A. Growth
Spliced Index2
 

One Year

       5.03 %      5.10 %      5.99 %      9.03 %

Three Year

       4.21 %      4.37 %      5.10 %      5.45 %

Five Year

       3.87 %      3.89 %      4.54 %      5.55 %

Since Inception3

       3.04 %      3.16 %      3.63 %      4.15 %
1 

WisdomTree Japan Equity Income Index through June 19, 2009; WisdomTree Global ex-U.S. Growth Index thereafter.

2 

MSCI Japan Value Index through June 19, 2009; MSCI AC World ex-U.S.A. 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   


Performance Summary (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Industrials

    23.8%   

Consumer Discretionary

    21.4%   

Financials

    14.7%   

Materials

    12.6%   

Consumer Staples

    9.4%   

Information Technology

    9.2%   

Health Care

    5.8%   

Energy

    1.4%   

Utilities

    0.4%   

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 3/28/13

 

Description   % of Net Assets  

Tsumura & Co.

    0.7%   

Casio Computer Co., Ltd.

    0.7%   

Tokai Tokyo Financial Holdings, Inc.

    0.7%   

Tosoh Corp.

    0.7%   

Nissan Chemical Industries Ltd.

    0.7%   

Kaken Pharmaceutical Co., Ltd.

    0.6%   

Toyo Ink SC Holdings Co., Ltd.

    0.6%   

Nipro Corp.

    0.6%   

Denki Kagaku Kogyo KK

    0.6%   

Nippon Kayaku Co., Ltd.

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

The Fund returned 9.97% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (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 Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

      Average Annual Total Return  
      Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Japan SmallCap
Dividend Index
     MSCI Japan
Small Cap Index
 

One Year

     9.97 %      10.04 %      10.57 %      12.12 %

Three Year

     7.77 %      7.82 %      8.82 %      8.66 %

Five Year

     3.91 %      3.92 %      4.73 %      3.76 %

Since Inception1

     1.05 %      1.32 %      1.76 %      0.23 %
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


Performance Summary (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    27.0%   

Telecommunication Services

    21.3%   

Materials

    10.5%   

Energy

    9.6%   

Industrials

    8.1%   

Consumer Staples

    6.7%   

Information Technology

    6.7%   

Utilities

    3.6%   

Consumer Discretionary

    3.2%   

Investment Company

    2.1%   

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 3/28/13

 

Description   % of Net Assets  

China Mobile Ltd.

    6.6%   

China Construction Bank Corp. Class H

    3.7%   

Telstra Corp., Ltd.

    3.2%   

Singapore Telecommunications Ltd.

    2.8%   

Westpac Banking Corp.

    2.8%   

BHP Billiton Ltd.

    2.7%   

Commonwealth Bank of Australia

    2.6%   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2.4%   

CNOOC Ltd.

    2.3%   

iPath MSCI India Index ETN

    2.1%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

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

The Fund returned 11.18% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Taiwan 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.50%.

Performance as of 3/28/13

 

      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

     11.18 %      11.11 %      11.81 %      10.67 %

Three Year

     7.83 %      8.12 %      8.82 %      6.24 %

Five Year

     4.17 %      4.18 %      5.22 %      3.98 %

Since Inception3

     9.54 %      9.62 %      10.70 %      8.39 %
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   


Performance Summary (unaudited)

WisdomTree Australia Dividend Fund (AUSE)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    22.9%   

Consumer Discretionary

    20.6%   

Industrials

    12.1%   

Consumer Staples

    11.4%   

Materials

    8.9%   

Energy

    6.6%   

Health Care

    6.4%   

Telecommunication Services

    4.3%   

Information Technology

    3.0%   

Utilities

    2.9%   

Other Assets less Liabilities‡

    0.9%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

Seven West Media Ltd.

    4.9%   

Westpac Banking Corp.

    3.7%   

TABCORP Holdings Ltd.

    3.5%   

National Australia Bank Ltd.

    3.4%   

Tatts Group Ltd.

    2.9%   

Telstra Corp., Ltd.

    2.9%   

Australia & New Zealand Banking Group Ltd.

    2.8%   

Commonwealth Bank of Australia

    2.8%   

AMP Ltd.

    2.6%   

Flight Centre 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 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 20.49% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (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 Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFS, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

      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

     20.49 %      20.72 %      20.67 %      22.20 %

Three Year

     9.72 %      10.27 %      10.04 %      10.51 %

Five Year

     7.30 %      7.27 %      7.75 %      6.81 %

Since Inception3

     10.34 %      10.41 %      10.91 %      9.29 %
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


Performance Summary (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    25.3%   

Telecommunication Services

    12.1%   

Consumer Staples

    12.1%   

Health Care

    10.4%   

Energy

    10.2%   

Industrials

    8.0%   

Consumer Discretionary

    6.8%   

Materials

    6.7%   

Utilities

    6.0%   

Information Technology

    1.8%   

Investment Company

    0.0%   

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 3/28/13

 

Description   % of Net Assets  

Westpac Banking Corp.

    2.4%   

HSBC Holdings PLC

    2.2%   

Commonwealth Bank of Australia

    2.1%   

Novartis AG

    2.0%   

China Mobile Ltd.

    2.0%   

Vodafone Group PLC

    1.9%   

National Australia Bank Ltd.

    1.8%   

Total SA

    1.7%   

Roche Holding AG - Genusschein

    1.7%   

Nestle SA

    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 10.80% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International
LargeCap
Dividend Index
     MSCI EAFE Index  

One Year

       10.80 %      10.70 %      11.11 %      11.27 %

Three Year

       4.38 %      4.62 %      4.64 %      5.01 %

Five Year

       -1.53 %      -1.48 %      -1.45 %      -0.88 %

Since Inception1

       2.45 %      2.39 %      2.77 %      2.31 %
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   


Performance Summary (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Consumer Staples

    13.7%   

Utilities

    13.6%   

Telecommunication Services

    13.2%   

Industrials

    13.1%   

Energy

    11.8%   

Health Care

    10.9%   

Materials

    9.2%   

Consumer Discretionary

    9.2%   

Information Technology

    4.9%   

Investment Company

    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 3/28/13

 

Description   % of Net Assets  

Telstra Corp., Ltd.

    2.5%   

Singapore Airlines Ltd.

    2.4%   

Repsol YPF SA

    2.2%   

Enel SpA

    2.2%   

Carrefour SA

    2.2%   

France Telecom SA

    2.0%   

Wesfarmers Ltd.

    1.9%   

BAE Systems PLC

    1.9%   

Singapore Telecommunications Ltd.

    1.7%   

Israel Chemicals Ltd.

    1.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree 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 5.98% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Australia. The Fund’s position in Spain created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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

       5.98 %      5.37 %      5.97 %      11.09 %

Three Year

       4.15 %      4.23 %      4.11 %      3.48 %

Five Year

       -2.44 %      -2.47 %      -2.55 %      -1.69 %

Since Inception2

       2.34 %      2.19 %      2.48 %      1.16 %
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


Performance Summary (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Industrials

    24.8%   

Financials

    22.1%   

Consumer Discretionary

    13.6%   

Materials

    9.2%   

Utilities

    7.2%   

Telecommunication Services

    5.6%   

Consumer Staples

    5.3%   

Information Technology

    4.8%   

Health Care

    3.4%   

Energy

    2.7%   

Investment Company

    0.3%   

Other Assets less Liabilities‡

    1.0%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

EDP-Energias de Portugal SA

    1.1%   

ACS Actividades de Construccion y Servicios, SA

    1.0%   

Portugal Telecom, SGPS, S.A.

    0.9%   

Mapfre SA

    0.9%   

Tele2 AB Class B

    0.8%   

Standard Life PLC

    0.8%   

CNP Assurances

    0.7%   

Atlantia SpA

    0.7%   

TDC A/S

    0.7%   

Bouygues SA

    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 11.32% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the United Kingdom. The Fund’s position in Italy created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International MidCap
Dividend Index
     MSCI EAFE
Mid Cap Index
 

One Year

       11.32 %      11.70 %      11.43 %      10.76 %

Three Year

       5.72 %      6.13 %      5.72 %      6.07 %

Five Year

       .20 %      .30 %      0.04 %      -0.57 %

Since Inception1

       4.01 %      3.97 %      4.03 %      2.31 %
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   


Performance Summary (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Consumer Discretionary

    24.2%   

Industrials

    23.1%   

Financials

    16.9%   

Materials

    9.1%   

Information Technology

    8.3%   

Consumer Staples

    6.5%   

Health Care

    4.0%   

Utilities

    2.4%   

Energy

    2.4%   

Telecommunication Services

    2.2%   

Investment Company

    0.1%   

Other Assets less Liabilities‡

    0.8%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

Seven West Media Ltd.

    1.0%   

Portucel S.A.

    0.8%   

Cable & Wireless Communications PLC

    0.8%   

Pandora A/S

    0.8%   

Myer Holdings Ltd.

    0.7%   

Societe Television Francaise 1

    0.6%   

David Jones Ltd.

    0.6%   

Bolsas y Mercados Espanoles

    0.6%   

IOOF Holdings Ltd.

    0.6%   

Shenzhen Investment 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 16.78% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the United Kingdom. The Fund’s position in the Netherlands 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
International SmallCap
Dividend Index
     MSCI EAFE
Small Cap Index
 

One Year

       16.78 %      16.30 %      17.36 %      13.43 %

Three Year

       9.58 %      9.61 %      10.04 %      8.45 %

Five Year

       2.15 %      2.02 %      2.80 %      2.06 %

Since Inception1

       4.94 %      4.86 %      5.33 %      3.65 %
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


Performance Summary (unaudited)

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    27.4%   

Energy

    18.1%   

Materials

    17.1%   

Telecommunication Services

    15.9%   

Information Technology

    7.3%   

Utilities

    5.4%   

Consumer Staples

    3.1%   

Industrials

    2.7%   

Consumer Discretionary

    2.5%   

Health Care

    0.1%   

Other Assets less Liabilities‡

    0.4%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

China Construction Bank Corp. Class H

    8.2%   

Gazprom OAO

    6.1%   

Banco do Brasil SA

    3.1%   

Vale SA

    2.9%   

Industrial & Commercial Bank of China Class H

    2.8%   

LUKOIL OAO

    2.4%   

Bank of China Ltd. Class H

    2.1%   

MTN Group Ltd.

    1.9%   

Grupo Mexico S.A.B. de C.V.Series B

    1.7%   

Chunghwa Telecom Co., 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 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 -1.05% for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in China. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree
Emerging
Markets Equity
Income Index
     MSCI Emerging
Markets Index
 

One Year

       -1.05 %      -1.09 %      .03 %      1.73 %

Three Year

       5.74 %      5.75 %      6.82 %      3.20 %

Five Year

       5.50 %      5.46 %      6.51 %      1.04 %

Since Inception1

       5.38 %      4.93 %      6.36 %      0.46 %
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   


Performance Summary (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    22.4%   

Industrials

    19.1%   

Consumer Discretionary

    14.8%   

Materials

    12.2%   

Information Technology

    11.2%   

Consumer Staples

    7.5%   

Utilities

    4.7%   

Energy

    2.4%   

Health Care

    2.1%   

Telecommunication Services

    1.6%   

Investment Company

    0.8%   

Other Assets less Liabilities‡

    1.2%   

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 3/28/13

 

Description   % of Net Assets  

Tofas Turk Otomobil Fabrikasi A.S.

    1.2%   

AFP Provida S.A.

    1.1%   

Ulker Biskuvi Sanayi A.S.

    1.1%   

Turk Traktor ve Ziraat Makineleri A.S.

    1.0%   

Tauron Polska Energia SA

    1.0%   

Magyar Telekom Telecommunications PLC

    1.0%   

Grendene SA

    1.0%   

Synthos SA

    0.9%   

Grupo Aeroportuario del Sureste SAB de C.V. Class B

    0.8%   

iPath MSCI India Index ETN

    0.8%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree 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 10.58% for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Thailand. The Fund’s position in Israel 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.64%.

Performance as of 3/28/13

 

        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

       10.58 %      10.77 %      12.73 %      8.92 %

Three Year

       8.30 %      8.48 %      9.60 %      3.84 %

Five Year

       6.97 %      6.94 %      8.10 %      4.08 %

Since Inception1

       3.37 %      3.55 %      4.56 %      -0.47 %
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


Performance Summary (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    46.7%   

Telecommunication Services

    31.1%   

Industrials

    16.6%   

Energy

    2.4%   

Materials

    1.6%   

Other Assets less Liabilities‡

    1.6%   

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 3/28/13

 

Description   % of Net Assets  

Mobile Telecommunications Co. KSC

    10.4%   

Industries Qatar QSC

    10.0%   

Maroc Telecom SA

    8.3%   

First Gulf Bank PJSC

    6.0%   

National Bank of Abu Dhabi PJSC

    4.6%   

Qatar Telecom Q-Tel QSC

    4.4%   

Qatar National Bank SAQ

    4.3%   

Abu Dhabi Commercial Bank PJSC

    4.2%   

Telecom Egypt Co.

    4.2%   

Emirates NBD PJSC

    3.7%   
* 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 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 8.46% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the United Arab Emirates. The Fund’s position in Morocco 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.88%.

Performance as of 3/28/13

 

        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

       8.46 %      10.36 %      8.73 %      2.25 %

Three Year

       5.87 %      5.30 %      5.98 %      -0.30 %

Since Inception1

       -4.84 %      -4.93 %      -3.52 %      -10.24 %
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   


Performance Summary (unaudited)

WisdomTree Europe Hedged Equity Fund (HEDJ)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Consumer Staples

    23.5%   

Consumer Discretionary

    19.5%   

Industrials

    16.3%   

Health Care

    13.4%   

Materials

    10.0%   

Financials

    7.3%   

Information Technology

    6.1%   

Telecommunication Services

    2.2%   

Energy

    1.9%   

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 3/28/13

 

Description   % of Net Assets  

Bayer AG

    5.2%   

Anheuser-Busch InBev N.V.

    5.2%   

Unilever N.V. CVA

    5.1%   

Daimler AG

    4.7%   

Sanofi

    4.7%   

SAP AG

    4.6%   

Bayerische Motoren Werke AG

    3.8%   

Banco Santander S.A.

    3.8%   

Koninklijke Philips
Electronics N.V.

    3.7%   

Banco Bilbao Vizcaya Argentaria S.A.

    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 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 16.06% for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). On August 29, 2012 the fund restructured from the WisdomTree International Hedged Equity Fund to the WisdomTree Europe Hedged Equity Fund. The Fund’s performance benefited most from its position in the Consumer Staples 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 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        Average Annual Total Return  
        Fund
Net Asset Value
     Fund
Market Price
     WisdomTree DEFA Int’l
Hedged Equity/
Europe Hedged Equity
Spliced Index1
     MSCI EAFE Local Currency/
MSCI EMU Local Currency
Spliced Index2
 

One Year

       16.06 %      14.71 %      16.52 %      8.93 %

Three Years

       4.64 %      4.73 %      5.02 %      1.96 %

Since Inception1

       4.91 %      5.14 %      5.49 %      3.14 %
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


Performance Summary (unaudited)

WisdomTree Commodity Country Equity Fund (CCXE)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Financials

    27.2%   

Energy

    21.1%   

Telecommunication Services

    13.5%   

Materials

    12.4%   

Industrials

    6.8%   

Utilities

    6.6%   

Consumer Staples

    5.3%   

Consumer Discretionary

    4.8%   

Health Care

    1.3%   

Information Technology

    0.4%   

Investment Company

    0.0%   

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 3/28/13

 

Description   % of Net Assets  

Statoil ASA

    5.4%   

Gazprom OAO

    3.8%   

Telenor ASA

    2.9%   

Telecom Corp. of New Zealand Ltd.

    2.8%   

Fletcher Building Ltd.

    2.6%   

Westpac Banking Corp.

    2.1%   

MTN Group Ltd.

    2.0%   

Commonwealth Bank of Australia

    1.9%   

National Australia Bank Ltd.

    1.6%   

Vale SA

    1.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

The WisdomTree 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 5.72% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in New Zealand. The Fund’s position in Brazil created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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

       5.72 %      5.23 %      6.06 %      8.32 %

Three Year

       6.80 %      6.94 %      7.38 %      6.88 %

Five Year

       1.37 %      1.14 %      1.89 %      1.54 %

Since Inception3

       6.73 %      6.54 %      7.44 %      1.54 %
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   


Performance Summary (unaudited)

WisdomTree Global Natural Resources Fund (GNAT)

 

Industry Breakdown† as of 3/28/13

 

Industry   % of Net Assets  

Integrated Oil & Gas

    25.4%   

Diversified Metals & Mining

    24.2%   

Oil & Gas Exploration & Production

    16.1%   

Fertilizers & Agricultural Chemicals

    8.6%   

Coal & Consumable Fuels

    5.1%   

Steel

    5.1%   

Precious Metals & Minerals

    4.5%   

Oil & Gas Equipment & Services

    3.7%   

Agricultural Products

    3.3%   

Oil & Gas Drilling

    2.3%   

Oil & Gas Refining & Marketing

    0.8%   

Investment Company

    0.6%   

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 3/28/13

 

Description   % of Net Assets  

KGHM Polska Miedz SA

    4.2%   

Israel Chemicals Ltd.

    2.9%   

Southern Copper Corp.

    2.8%   

ENI SpA

    2.3%   

Grupo Mexico S.A.B. de C.V. Series B

    2.3%   

Diamond Offshore Drilling, Inc.

    2.3%   

Total SA

    2.2%   

Kumba Iron Ore Ltd.

    2.1%   

ConocoPhillips

    1.9%   

Crescent Point Energy 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. 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 -6.55% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Poland. The Fund’s position in the United Kingdom created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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

       -6.55 %      -6.62 %      -6.04 %      -1.92 %

Three Year

       0.58 %      0.84 %      0.73 %      0.72 %

Five Year

       -2.54 %      -2.45 %      -2.12 %      -0.97 %

Since Inception3

       1.84 %      1.72 %      2.22 %      -0.97 %
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


Performance Summary (unaudited)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

 

Industry Breakdown† as of 3/28/13

 

Industry   % of Net Assets  

Electric Utilities

    40.2%   

Multi-Utilities

    20.0%   

Independent Power Producers & Energy Traders

    17.6%   

Gas Utilities

    12.9%   

Water Utilities

    8.2%   

Investment Company

    0.5%   

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 3/28/13

 

Description   % of Net Assets  

EDP-Energias de Portugal SA

    3.3%   

Enel SpA

    2.6%   

Hera SpA

    2.2%   

Vector Ltd.

    2.2%   

Enagas SA

    2.1%   

Tauron Polska Energia SA

    2.0%   

Envestra Ltd.

    2.0%   

Terna Rete Elettrica Nazionale SpA

    1.9%   

GDF Suez

    1.8%   

Inversiones Aguas Metropolitanas SA

    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. 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 -1.54% at net asset value (“NAV”) for the fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Thailand. The Fund’s position in Japan 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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 Index2
 

One Year

       -1.54 %      -1.47 %      -1.55 %      -0.47 %

Three Year

       -1.68 %      -1.58 %      -1.93 %      -4.48 %

Five Year

       -6.97 %      -6.96 %      -7.19 %      -7.61 %

Since Inception2

       -1.24 %      -1.32 %      -1.14 %      -7.61 %
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   


Performance Summary (unaudited)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

 

Industry Breakdown† as of 3/28/13

 

Industry   % of Net Assets  

Diversified Real Estate Activities

    26.4%   

Retail REITs

    24.0%   

Diversified REITs

    15.7%   

Real Estate Development

    13.2%   

Real Estate Operating Companies

    10.4%   

Office REITs

    5.1%   

Industrial REITs

    3.1%   

Residential REITs

    0.9%   

Specialized REITs

    0.7%   

Real Estate Services

    0.1%   

Other Assets less Liabilities‡

    0.4%   

TOTAL

    100.0%   

 

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

 

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

Top Ten Holdings* as of 3/28/13

 

Description   % of Net Assets  

Westfield Group

    4.6%   

Unibail-Rodamco SE

    4.3%   

Sun Hung Kai Properties Ltd.

    4.2%   

Cheung Kong Holdings Ltd.

    3.9%   

Stockland

    2.3%   

Wharf Holdings Ltd.

    2.2%   

Westfield Retail Trust

    2.0%   

Hang Lung Properties Ltd.

    2.0%   

Gecina SA

    1.6%   

Link REIT (The)

    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 22.62% at net asset value (“NAV”) for fiscal year ending March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in Hong Kong. The Fund’s position in the Netherlands 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/28/13

 

        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 Index2
 

One Year

       22.62 %      23.19 %      23.11 %      25.89 %

Three Year

       11.83 %      12.17 %      11.96 %      14.74 %

Five Year

       0.53 %      0.32 %      0.47 %      2.10 %

Since Inception2

       -2.49 %      -2.57 %      -2.34 %      -2.48 %
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


Performance Summary (unaudited)

WisdomTree China Dividend ex-Financials Fund (CHXF)

 

Sector Breakdown† as of 3/28/13

 

Sector   % of Net Assets  

Energy

    24.0%   

Materials

    14.2%   

Industrials

    13.8%   

Consumer Staples

    13.0%   

Telecommunication Services

    12.9%   

Utilities

    7.9%   

Information Technology

    7.6%   

Consumer Discretionary

    5.6%   

Health Care

    0.8%   

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 3/28/13

 

Description   % of Net Assets  

China Mobile Ltd.

    7.8%   

China Petroleum & Chemical Corp. Class H

    5.4%   

PetroChina Co., Ltd. Class H

    4.7%   

CNOOC Ltd.

    4.3%   

China Shenhua Energy Co., Ltd. Class H

    4.2%   

Want Want China Holdings Ltd.

    3.9%   

Hengan International Group Co. Ltd.

    3.2%   

China Telecom Corp. Ltd. Class H

    3.0%   

Jiangxi Copper Co. Ltd. Class H

    2.8%   

China Communications Construction Co., Ltd. Class H

    2.7%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. Excludes investment of cash collateral for securities on loan (if any).

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

The Fund returned 3.76% at net asset value (“NAV”) since its inception on September 19, 2012 through March 28, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Utilities sector. The Fund’s position in the Materials sector created the greatest drag on performance.

The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of 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 July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/28/13

 

        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

       N/A        N/A        N/A        N/A         N/A  

Three Year

       N/A        N/A        N/A        N/A         N/A  

Five Year

       N/A        N/A        N/A        N/A         N/A  

Since Inception1

       3.76 %      2.89 %      3.98 %      7.95      6.05 %
1 

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


Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

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

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

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

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 Global ex-U.S. Growth Index is comprised of growth companies selected from developed and emerging markets outside the U.S.

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

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

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 Pacific ex-Japan Dividend Index is comprised of dividend-paying companies incorporated in the Pacific region, excluding Japan.

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

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 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 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.

 

26   WisdomTree International Dividend and Sector Funds


Description of Indexes (unaudited) (continued)

 

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

The WisdomTree 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 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 Europe Hedged Equity Index is comprised of dividend-paying companies in the European Union that are traded in Euros, and is designed to neutralize exposure to fluctuations between the euro and U.S. dollar. European companies are selected from the WisdomTree DEFA Index and must meet certain eligibility requirements.

The WisdomTree International Sector Indexes which encompasses 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 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 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 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 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 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 China Dividend ex-Financials Index is comprised of Chinese dividend paying stocks outside the financial sector.

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

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

 

WisdomTree International Dividend and Sector Funds      27   


Description of Indexes (unaudited) (continued)

 

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

The MSCI AC World Index is comprised of the world stock market indexes covered by MSCI.

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

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

The MSCI Japan Index is a capitalization weighted index that is comprised of stocks in Japan.

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

The MSCI ACWI ex-U.S.A. Index is comprised of large- and mid-capitalization segments of the developed and emerging markets covered by MSCI, excluding the U.S.

The MSCI AC World ex-U.S.A. Growth Index is comprised of growth stocks in the developed and emerging markets covered by MSCI excluding the U.S.

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

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 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 Arabian Markets ex-Saudi Arabia Index is a free float-adjusted market capitalization index that is designed to measure the performance of stocks in the Gulf Cooperation Council (GCC) countries and the neighboring region: the United Arab Emirates, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan, and Morocco.

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 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 China Index is a capitalization weighted index that is comprised of stocks in China.

The FTSE China 25 Index is a capitalization weighted index that is comprised of the 25 largest and most liquid Chinese securities.

 

28   WisdomTree International Dividend and Sector Funds


Description of Indexes (unaudited) (concluded)

 

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 investability requirements.

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.

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

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc. and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making 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      29   


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, 2012 to March 28, 2013.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/1/12 to 3/28/13” 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.

 

30   WisdomTree International Dividend and Sector Funds


Shareholder Expense Examples (unaudited) (continued)

 

 

      Beginning
Account Value
10/1/12
     Ending
Account Value
3/28/13
     Annualized
Expense Ratio
Based on the
Period
10/1/12 to
3/28/13
    Expenses Paid
During the
Period†
10/1/12 to
3/28/13
 

WisdomTree DEFA Fund

          

Actual

   $ 1,000.00       $ 1,106.20         0.48 %   $ 2.48   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.54         0.48 %   $ 2.42   

WisdomTree DEFA Equity Income Fund

          

Actual

   $ 1,000.00       $ 1,094.40         0.58 %   $ 2.98   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Global Equity Income Fund

          

Actual

   $ 1,000.00       $ 1,073.00         0.58 %   $ 2.95   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Europe SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,150.00         0.58 %   $ 3.06   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Japan Hedged Equity Fund

          

Actual

   $ 1,000.00       $ 1,361.70         0.48 %   $ 2.78   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.54         0.48 %   $ 2.42   

WisdomTree Global ex-U.S. Growth Fund

          

Actual

   $ 1,000.00       $ 1,067.00         0.58 %   $ 2.94   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Japan SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,155.90         0.58 %   $ 3.07   

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       $ 1,063.80         0.48 %   $ 2.43   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.54         0.48 %   $ 2.42   

WisdomTree Australia Dividend Fund

          

Actual

   $ 1,000.00       $ 1,231.20         0.58 %   $ 3.17   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree International LargeCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,093.10         0.48 %   $ 2.46   

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       $ 1,061.50         0.58 %   $ 2.93   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree International MidCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,122.10         0.58 %   $ 3.02   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree International SmallCap Dividend Fund

          

Actual

   $ 1,000.00       $ 1,184.40         0.58 %   $ 3.11   

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       $ 1,025.90         0.63 %   $ 3.13   

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       $ 1,117.60         0.63 %   $ 3.27   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63 %   $ 3.18   

 

WisdomTree International Dividend and Sector Funds      31   


Shareholder Expense Examples (unaudited) (concluded)

 

      Beginning
Account Value
10/1/12
     Ending
Account Value
3/28/13
     Annualized
Expense Ratio
Based on the
Period
10/1/12 to
3/28/13
    Expenses Paid
During the
Period†
10/1/12 to
3/28/13
 

WisdomTree Middle East Dividend Fund

          

Actual

   $ 1,000.00       $ 1,108.30         0.88 %   $ 4.55   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,020.54         0.88 %   $ 4.43   

WisdomTree Europe Hedged Equity Fund

          

Actual

   $ 1,000.00       $ 1,166.90         0.58 %   $ 3.08   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Commodity Country Equity Fund

          

Actual

   $ 1,000.00       $ 1,059.20         0.58 %   $ 2.93   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Global Natural Resources Fund

          

Actual

   $ 1,000.00       $ 972.90         0.58 %   $ 2.81   

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       $ 1,025.20         0.58 %   $ 2.88   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,022.04         0.58 %   $ 2.92   

WisdomTree Global ex-U.S. Real Estate Fund

          

Actual

   $ 1,000.00       $ 1,090.90         0.58 %   $ 2.97   

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       $ 1,038.20         0.63 %   $ 3.15   

Hypothetical (5% return before expenses)

   $ 1,000.00       $ 1,021.79         0.63 %   $ 3.18   
Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 179/365 (to reflect one-half year period).

 

32   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 13.7%      

Adelaide Brighton Ltd.

     87,829       $ 324,144  

AGL Energy Ltd.

     23,983         396,555  

Amcor Ltd.

     45,557         440,758  

AMP Ltd.

     191,395         1,039,597  

Arrium Ltd.

     142,952         129,660  

Aurizon Holdings Ltd.

     52,828         221,956  

Australia & New Zealand Banking Group Ltd.

     194,274         5,778,474  

Bank of Queensland Ltd.

     31,881         320,742  

Bendigo and Adelaide Bank Ltd.

     39,926         427,487  

BHP Billiton Ltd.

     116,852         3,990,954  

Boral Ltd.

     37,653         192,743  

Bradken Ltd.(a)

     17,638         119,709  

Brambles Ltd.

     66,993         591,575  

Coca-Cola Amatil Ltd.

     41,801         635,391  

Cochlear Ltd.

     2,715         192,617  

Commonwealth Bank of Australia

     108,522         7,694,622  

Computershare Ltd.

     26,737         284,321  

Crown Ltd.

     43,738         560,868  

CSL Ltd.

     7,318         451,888  

CSR Ltd.

     106,437         228,590  

David Jones Ltd.(a)

     61,182         190,718  

Envestra Ltd.

     324,072         356,443  

Flight Centre Ltd.(a)

     7,315         256,242  

GUD Holdings Ltd.(a)

     17,604         131,775  

GWA Group Ltd.

     100,687         264,527  

Harvey Norman Holdings Ltd.(a)

     86,941         247,448  

Iluka Resources Ltd.(a)

     28,652         279,295  

Incitec Pivot Ltd.

     57,976         186,768  

Insurance Australia Group Ltd.

     102,678         611,238  

IOOF Holdings Ltd.

     34,628         299,642  

Iress Ltd.

     29,972         243,104  

JB Hi-Fi Ltd.(a)

     22,739         349,908  

Leighton Holdings Ltd.

     13,282         284,420  

Macquarie Group Ltd.

     15,116         585,454  

Metcash Ltd.

     72,584         313,284  

Monadelphous Group Ltd.(a)

     9,244         218,767  

Myer Holdings Ltd.(a)

     73,916         227,330  

National Australia Bank Ltd.

     194,614         6,257,274  

Navitas Ltd.(a)

     49,885         277,200  

New Hope Corp., Ltd.(a)

     35,092         145,243  

Newcrest Mining Ltd.

     8,194         171,280  

Orica Ltd.

     16,474         419,928  

Origin Energy Ltd.

     45,265         626,697  

OZ Minerals Ltd.

     22,726         126,284  

Perpetual Ltd.

     6,896         289,590  

Platinum Asset Management Ltd.(a)

     65,294         352,614  

QBE Insurance Group Ltd.

     64,055         902,205  

Ramsay Health Care Ltd.

     9,251         311,521  

RHG Ltd.

     592,715         244,084  

Rio Tinto Ltd.

     14,678         875,305  

Santos Ltd.

     28,389         367,890  

Seven West Media Ltd.

     148,268         310,699  

Sonic Healthcare Ltd.

     20,589       $ 299,008  

Suncorp Group Ltd.

     65,445         806,475  

Sydney Airport

     131,399         449,327  

TABCORP Holdings Ltd.

     84,479         284,478  

Tatts Group Ltd.

     94,080         310,923  

Telstra Corp., Ltd.

     1,024,091         4,815,172  

Toll Holdings Ltd.

     50,827         314,229  

Transfield Services Ltd.

     132,499         251,409  

UGL Ltd.(a)

     14,199         151,584  

Wesfarmers Ltd.

     69,769         2,924,053  

Westpac Banking Corp.

     253,902         8,142,339  

Woodside Petroleum Ltd.

     29,062         1,085,295  

Woolworths Ltd.

     58,269         2,052,686  

WorleyParsons Ltd.

     9,040         232,695  

Wotif.com Holdings Ltd.(a)

     24,376         125,795  
     

 

 

 
Total Australia               62,992,296  
Austria – 0.6%      

Andritz AG(a)

     4,371         293,774  

Oesterreichische Post AG

     5,892         254,177  

OMV AG

     10,675         454,755  

Raiffeisen Bank International AG

     11,263         383,481  

Strabag SE

     6,448         144,774  

Telekom Austria AG

     36,571         240,392  

Verbund AG

     13,879         301,370  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     5,124         248,582  

Voestalpine AG

     11,928         366,912  
     

 

 

 
Total Austria               2,688,217  
Belgium – 1.4%      

Ageas

     17,047         577,569  

Anheuser-Busch InBev N.V.

     26,281         2,606,988  

Belgacom S.A.(a)

     27,818         692,810  

Colruyt S.A.

     4,829         233,930  

Delhaize Group S.A.

     7,664         418,798  

Elia System Operator S.A./N.V.(a)

     3,167         135,829  

EVS Broadcast Equipment S.A.

     2,213         142,256  

Mobistar S.A.

     7,781         175,052  

NV Bekaert S.A.(a)

     7,477         207,194  

Solvay S.A.

     2,070         280,827  

Tessenderlo Chemie N.V.

     3,836         102,210  

UCB S.A.

     6,433         411,378  

Umicore S.A.

     6,480         304,922  
     

 

 

 
Total Belgium               6,289,763  
Denmark – 0.8%      

Carlsberg A/S Class B

     1,455         141,853  

Chr Hansen Holding A/S

     7,059         262,395  

Coloplast A/S Class B

     5,235         282,152  

D/S Norden

     4,639         149,426  

FLSmidth & Co. A/S

     1,947         118,084  

H. Lundbeck A/S(a)

     8,197         151,218  

Novo Nordisk A/S Class B(a)

     8,455         1,376,277  

Novozymes A/S Class B

     5,345         181,558  

Pandora A/S(a)

     17,683         487,345  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      33   


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

TDC A/S

     91,343       $ 703,147  
     

 

 

 
Total Denmark               3,853,455  
Finland – 1.2%      

Alma Media Oyj(a)

     792         3,763  

Elisa Oyj(a)

     11,331         210,831  

Fortum Oyj

     51,457         1,038,713  

Kone Oyj Class B

     5,867         462,199  

Konecranes Oyj(a)

     5,967         197,302  

Metso Oyj(a)

     6,512         277,537  

Neste Oil Oyj(a)

     17,042         240,720  

Nokian Renkaat Oyj

     3,496         155,776  

Orion Oyj Class B

     10,688         281,214  

Pohjola Bank PLC Class A(a)

     18,017         262,358  

Sampo Class A

     24,103         928,519  

Sanoma Oyj(a)

     30,489         280,125  

Stora Enso Oyj Class R

     38,977         252,003  

UPM-Kymmene Oyj

     37,008         413,679  

Wartsila Oyj Abp

     8,611         387,561  

YIT Oyj

     7,175         149,718  
     

 

 

 
Total Finland               5,542,018  
France – 10.0%      

Accor S.A.

     7,967         277,244  

Aeroports de Paris

     2,903         246,665  

Air Liquide S.A.

     6,966         847,810  

Alstom S.A.

     8,202         334,397  

Arkema S.A.

     1,748         159,300  

AXA S.A.

     119,045         2,049,928  

BNP Paribas S.A.

     42,083         2,163,712  

Bourbon S.A.

     3,595         99,644  

Bouygues S.A.

     17,339         471,127  

Bureau Veritas S.A.

     2,127         265,207  

Cap Gemini S.A.

     4,820         219,722  

Carrefour S.A.

     39,229         1,075,735  

Casino Guichard Perrachon S.A.

     4,062         427,609  

Christian Dior S.A.

     3,492         580,239  

Cie de Saint-Gobain

     18,109         672,499  

Cie Generale des Etablissements Michelin

     4,806         402,683  

Cie Generale d’Optique Essilor International S.A.

     3,476         387,211  

CNP Assurances

     53,901         740,938  

Danone

     14,761         1,028,855  

Edenred

     7,062         231,514  

EDF S.A.

     102,128         1,961,892  

Eiffage S.A.

     2,846         120,637  

Euler Hermes S.A.

     4,156         383,550  

Eutelsat Communications S.A.

     6,229         220,003  

France Telecom S.A.

     278,553         2,822,172  

GDF Suez

     150,977         2,911,919  

Hermes International

     512         178,073  

Imerys S.A.

     2,827         184,375  

Klepierre

     9,638         379,267  

Lafarge S.A.

     11,545         768,376  

Lagardere SCA

     7,030         259,307  

Legrand S.A.

     9,142         399,369  

L’Oreal S.A.

     9,500       $ 1,509,009  

LVMH Moet Hennessy Louis Vuitton S.A.

     8,714         1,498,293  

Metropole Television S.A.

     12,053         187,662  

Natixis

     108,152         411,356  

Neopost S.A.

     2,781         166,894  

Nexity S.A.

     4,323         149,049  

Pernod-Ricard S.A.

     4,792         598,172  

PPR

     3,579         787,719  

Rallye S.A.

     3,103         113,958  

Renault S.A.

     8,515         534,404  

Rexel S.A.

     8,787         192,100  

Safran S.A.

     7,327         327,372  

Sanofi

     46,277         4,710,561  

Schneider Electric S.A.

     16,695         1,221,968  

SCOR SE

     11,867         341,340  

Societe BIC S.A.

     2,872         334,090  

Societe Television Francaise 1

     27,555         309,427  

Sodexo

     3,805         355,212  

Suez Environnement Co.

     19,729         252,048  

Technip S.A.

     2,444         251,004  

Total S.A.

     111,873         5,366,271  

Vallourec S.A.

     5,805         279,532  

Veolia Environnement S.A.

     26,655         336,732  

Vinci S.A.

     23,730         1,070,927  

Vivendi S.A.

     66,642         1,379,040  
     

 

 

 
Total France               45,955,119  
Germany – 7.8%      

Adidas AG

     3,492         362,941  

Allianz SE

     20,653         2,809,847  

Axel Springer AG(a)

     8,913         386,904  

BASF SE

     30,450         2,671,368  

Bayer AG

     19,491         2,014,034  

Bayerische Motoren Werke AG

     19,522         1,687,340  

Beiersdorf AG

     4,063         375,854  

Brenntag AG

     1,349         210,988  

Celesio AG

     7,261         136,594  

Continental AG

     4,204         503,504  

Daimler AG

     52,295         2,850,265  

Deutsche Bank AG

     20,449         798,654  

Deutsche Boerse AG

     11,455         694,944  

Deutsche Post AG

     47,236         1,090,287  

Deutsche Telekom AG

     292,506         3,097,253  

E.ON SE

     112,691         1,970,902  

Fielmann AG

     3,331         307,968  

Fraport AG Frankfurt Airport Services Worldwide

     2,923         164,118  

Fresenius Medical Care AG & Co. KGaA

     4,013         271,310  

Fresenius SE & Co. KGaA

     2,152         266,086  

GEA Group AG

     5,539         182,866  

Infineon Technologies AG

     17,673         139,794  

K+S AG

     7,457         347,448  

Linde AG

     3,110         579,264  

MAN SE

     2,905         312,861  

Merck KGaA

     3,432         518,707  

 

See Notes to Financial Statements.

 

34   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Metro AG

     15,559       $ 443,141  

MLP AG

     45,078         301,174  

Muenchener Rueckversicherungs AG

     9,278         1,738,234  

Rheinmetall AG

     3,636         168,480  

RWE AG

     30,547         1,140,478  

SAP AG

     23,738         1,905,122  

Siemens AG

     32,016         3,454,618  

SMA Solar Technology AG

     5,079         121,765  

Symrise AG

     4,993         198,180  

United Internet AG Registered Shares

     7,144         174,023  

Volkswagen AG

     5,963         1,123,677  

Wacker Chemie AG

     3,098         222,100  

Wincor Nixdorf AG

     1,960         97,527  
     

 

 

 
Total Germany               35,840,620  
Hong Kong – 5.5%      

AIA Group Ltd.

     119,357         522,777  

Bank of East Asia Ltd.(a)

     65,400         257,804  

BOC Hong Kong Holdings Ltd.

     449,000         1,498,084  

Cheung Kong Holdings Ltd.

     62,000         915,306  

China Merchants Holdings International Co., Ltd.

     114,000         373,751  

China Mobile Ltd.

     634,200         6,715,650  

China Overseas Land & Investment Ltd.

     166,000         457,627  

China Resources Enterprise Ltd.

     38,000         112,590  

China Resources Power Holdings Co., Ltd.

     92,000         275,550  

China Unicom Hong Kong Ltd.

     262,900         352,220  

Citic Pacific Ltd.(a)

     166,000         215,555  

CLP Holdings Ltd.

     80,000         700,792  

CNOOC Ltd.

     1,225,700         2,355,825  

Fosun International Ltd.

     232,500         158,142  

Hang Lung Group Ltd.

     24,000         134,799  

Hang Lung Properties Ltd.

     147,000         549,168  

Hang Seng Bank Ltd.

     71,800         1,151,553  

Henderson Land Development Co., Ltd.

     45,000         307,820  

Hong Kong & China Gas Co., Ltd.

     154,686         451,346  

Hong Kong Exchanges and Clearing Ltd.

     37,400         636,932  

Hutchison Whampoa Ltd.

     125,000         1,302,712  

Lenovo Group Ltd.

     200,000         198,644  

MTR Corp., Ltd.

     121,000         480,873  

New World Development Co., Ltd.

     215,000         363,935  

PCCW Ltd.

     409,000         189,678  

Power Assets Holdings Ltd.

     73,000         688,843  

Shanghai Industrial Holdings Ltd.

     46,000         144,590  

Shenzhen Investment Ltd.(a)

     446,000         178,684  

Shougang Fushan Resources Group Ltd.(a)

     664,000         295,961  

Sino Land Co., Ltd.

     198,400         336,347  

Sino-Ocean Land Holdings Ltd.

     256,500         154,641  

Sinotruk Hong Kong Ltd.

     138,000         74,487  

SJM Holdings Ltd.

     189,000         471,852  

Sun Art Retail Group Ltd.

     157,500         219,126  

Sun Hung Kai Properties Ltd.

     81,000         1,091,457  

Television Broadcasts Ltd.

     42,200         319,654  

Wharf Holdings Ltd.

     69,000         615,099  
     

 

 

 
Total Hong Kong               25,269,874  
Ireland – 0.3%      

CRH PLC

     30,136       $ 666,373  

DCC PLC

     6,546         230,737  

Dragon Oil PLC

     17,638         173,491  

Kerry Group PLC Class A

     3,734         222,887  
     

 

 

 
Total Ireland               1,293,488  
Israel – 0.7%      

Bezeq Israeli Telecommunication Corp. Ltd.

     419,627         581,941  

Clal Industries Ltd.

     108,185         422,113  

Delek Automotive Systems Ltd.

     20,553         196,015  

Gazit-Globe Ltd.

     17,958         244,991  

Israel Chemicals Ltd.

     83,033         1,073,826  

Teva Pharmaceutical Industries Ltd.

     22,071         869,661  
     

 

 

 
Total Israel               3,388,547  
Italy – 3.4%      

A2A SpA(a)

     200,227         119,120  

ACEA SpA

     20,896         110,550  

Assicurazioni Generali SpA

     42,445         661,674  

Atlantia SpA

     42,651         674,743  

Banca Carige SpA(a)

     290,378         193,708  

Banca Generali SpA

     16,023         304,512  

Banca Piccolo Credito Valtellinese Scarl(a)

     61,429         67,838  

Enel Green Power SpA

     73,903         138,837  

Enel SpA

     777,801         2,542,878  

ENI SpA

     194,802         4,385,044  

ERG SpA

     35,727         325,727  

Fiat Industrial SpA(a)

     28,652         322,666  

Hera SpA(a)

     97,930         172,657  

Intesa Sanpaolo SpA

     690,798         1,013,015  

Iren SpA

     250,770         186,929  

Luxottica Group SpA

     10,048         504,622  

MARR SpA

     13,810         151,709  

Mediaset SpA

     118,569         242,541  

Mediobanca SpA

     25,415         129,562  

Mediolanum SpA

     48,538         267,136  

Parmalat SpA

     81,584         208,476  

Pirelli & C SpA(a)

     19,300         202,850  

Saipem SpA

     7,785         239,821  

Snam SpA

     210,879         962,928  

Telecom Italia SpA

     720,530         509,803  

Telecom Italia SpA

     336,224         207,237  

Terna Rete Elettrica Nazionale SpA

     110,644         458,911  

Tod’s SpA(a)

     1,556         223,183  

Unione di Banche Italiane SCPA

     27,629         101,965  
     

 

 

 
Total Italy               15,630,642  
Japan – 14.6%      

Aeon Co., Ltd.

     21,300         275,482  

Airport Facilities Co., Ltd.

     63,100         438,921  

Aisin Seiki Co., Ltd.

     7,800         285,801  

Ajinomoto Co., Inc.

     18,000         264,391  

Aozora Bank Ltd.

     123,000         346,682  

Asahi Glass Co., Ltd.

     49,000         339,279  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      35   


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Asahi Group Holdings Ltd.

     9,700       $ 232,028  

Asahi Kasei Corp.

     38,000         255,839  

Astellas Pharma, Inc.(a)

     17,900         963,348  

Azbil Corp.

     4,900         101,888  

Bridgestone Corp.

     10,500         351,787  

Brother Industries Ltd.

     11,800         121,364  

Canon, Inc.

     37,900         1,390,715  

Chubu Electric Power Co., Inc.

     28,900         351,644  

Chugai Pharmaceutical Co., Ltd.

     17,700         393,835  

Chugoku Electric Power Co., Inc. (The)

     17,500         228,382  

Coca-Cola West Co., Ltd.

     16,300         283,976  

Cosmo Oil Co., Ltd.(a)

     93,000         195,852  

Dai Nippon Printing Co., Ltd.(a)

     47,000         447,405  

Daihatsu Motor Co., Ltd.(a)

     13,000         269,347  

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

     213         284,091  

Daiichi Sankyo Co., Ltd.(a)

     34,000         654,542  

Daikin Industries Ltd.

     4,900         192,050  

Dainippon Sumitomo Pharma Co., Ltd.(a)

     17,900         316,420  

Daito Trust Construction Co., Ltd.

     3,800         325,760  

Daiwa House Industry Co., Ltd.

     15,000         292,757  

Daiwa Securities Group, Inc.

     45,000         316,847  

Denso Corp.

     17,700         748,325  

East Japan Railway Co.

     9,600         789,279  

Eisai Co., Ltd.(a)

     14,100         630,616  

Electric Power Development Co., Ltd.

     8,300         211,252  

FANUC Corp.

     3,300         505,073  

Fast Retailing Co., Ltd.

     1,200         382,004  

Fuji Heavy Industries Ltd.

     20,000         315,677  

FUJIFILM Holdings Corp.

     8,600         169,585  

Fujita Kanco, Inc.

     43,000         202,148  

Fujitsu Ltd.

     46,000         191,300  

Hitachi Chemical Co., Ltd.(a)

     8,800         134,218  

Hitachi Ltd.

     85,000         493,618  

Hokkaido Electric Power Co., Inc.

     13,700         139,885  

Hokuriku Electric Power Co.

     11,900         146,693  

Honda Motor Co., Ltd.(a)

     35,500         1,359,285  

Hoya Corp.

     7,900         148,388  

Ibiden Co., Ltd.

     4,100         63,929  

Idemitsu Kosan Co., Ltd.

     2,800         243,310  

Isuzu Motors Ltd.

     29,000         174,888  

ITOCHU Corp.(a)

     77,900         952,001  

Japan Tobacco, Inc.(a)

     32,800         1,048,330  

JFE Holdings, Inc.(a)

     13,000         249,575  

JGC Corp.

     6,000         153,542  

JS Group Corp.

     9,300         185,169  

JSR Corp.(a)

     9,000         183,791  

JX Holdings, Inc.

     96,779         542,465  

Kajima Corp.

     49,000         132,897  

Kansai Electric Power Co., Inc. (The)*

     50,100         474,783  

Kao Corp.

     15,700         507,637  

Kawasaki Heavy Industries Ltd.(a)

     50,000         157,413  

KDDI Corp.(a)

     18,804         785,000  

Keikyu Corp.(a)

     19,000         198,245  

Kikkoman Corp.(a)

     12,000         209,317  

Kintetsu Corp.(a)

     83,000       $ 386,662  

Kirin Holdings Co., Ltd.

     24,000         385,705  

Kokuyo Co., Ltd.

     56,800         436,180  

Komatsu Ltd.

     20,100         477,380  

Konami Corp.

     6,200         123,644  

Konica Minolta Holdings, Inc.

     17,500         127,499  

Kubota Corp.

     31,000         447,756  

Kuraray Co., Ltd.(a)

     12,800         179,843  

Kyocera Corp.

     3,200         292,363  

Kyowa Hakko Kirin Co., Ltd.

     22,000         248,968  

Kyushu Electric Power Co., Inc.*

     20,700         210,919  

Lawson, Inc.

     4,800         368,602  

Makita Corp.(a)

     6,000         266,114  

Marubeni Corp.

     42,000         319,847  

Marui Group Co., Ltd.

     17,700         183,175  

Medipal Holdings Corp.

     15,500         217,119  

Mie Bank Ltd. (The)

     72,000         173,835  

Mitsubishi Chemical Holdings Corp.(a)

     24,400         115,746  

Mitsubishi Corp.

     59,800         1,119,421  

Mitsubishi Electric Corp.

     29,000         234,727  

Mitsubishi Estate Co., Ltd.

     14,000         394,746  

Mitsubishi Heavy Industries Ltd.

     116,000         668,709  

Mitsubishi Tanabe Pharma Corp.

     13,700         209,828  

Mitsubishi UFJ Financial Group, Inc.(a)

     401,800         2,410,287  

Mitsui & Co., Ltd.

     76,900         1,078,007  

Mitsui Chemicals, Inc.(a)

     40,000         86,790  

Mitsui Fudosan Co., Ltd.

     17,000         483,131  

Mizuho Financial Group, Inc.(a)

     991,800         2,120,313  

MS&AD Insurance Group Holdings

     28,130         623,216  

Murata Manufacturing Co., Ltd.

     6,400         481,940  

NEC Fielding Ltd.

     24,700         315,777  

Nidec Corp.(a)

     2,000         119,549  

Nikon Corp.(a)

     6,000         140,715  

Nippon Electric Glass Co., Ltd.

     10,000         49,670  

Nippon Express Co., Ltd.

     39,000         186,662  

Nippon Steel & Sumitomo Metal Corp.

     113,000         286,046  

Nippon Telegraph & Telephone Corp.(a)

     43,300         1,888,215  

Nippon Yusen K.K.(a)

     49,000         125,601  

Nissan Chemical Industries Ltd.

     13,800         165,712  

Nissan Motor Co., Ltd.(a)

     105,700         1,019,676  

Nisshin Seifun Group, Inc.

     31,500         415,443  

Nissin Foods Holdings Co., Ltd.

     4,900         224,883  

Nitto Denko Corp.

     5,200         311,381  

Nomura Holdings, Inc.

     75,200         463,901  

Nomura Research Institute Ltd.

     11,200         289,232  

NSK Ltd.(a)

     14,000         106,169  

NTT DoCoMo, Inc.(a)

     1,502         2,230,155  

Odakyu Electric Railway Co., Ltd.(a)

     28,000         348,436  

OJI Paper Co., Ltd.(a)

     44,000         164,731  

Oracle Corp.

     2,800         126,122  

Oriental Land Co., Ltd.

     1,900         311,210  

Osaka Gas Co., Ltd.

     49,000         214,199  

Park24 Co., Ltd.

     19,200         375,750  

Resona Holdings, Inc.

     81,800         430,664  

 

See Notes to Financial Statements.

 

36   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Ricoh Co., Ltd.(a)

     29,000       $ 313,997  

Rohm Co., Ltd.

     4,000         138,481  

Royal Holdings Co., Ltd.

     12,700         185,056  

Ryosan Co., Ltd.

     4,900         94,956  

SAIBUGAS Co., Ltd.

     49,000         114,656  

Sankyo Co., Ltd.

     4,400         205,914  

Secom Co., Ltd.

     8,400         432,865  

Sega Sammy Holdings, Inc.

     9,800         196,479  

Sekisui House Ltd.

     23,000         311,902  

Seven & I Holdings Co., Ltd.

     21,500         712,322  

Shikoku Electric Power Co., Inc.*

     11,200         159,387  

Shin-Etsu Chemical Co., Ltd.

     10,600         700,128  

Shionogi & Co., Ltd.(a)

     21,300         430,667  

Shiseido Co., Ltd.(a)

     24,200         338,985  

Shochiku Co., Ltd.

     15,000         153,797  

Showa Shell Sekiyu K.K.

     38,400         271,602  

SMC Corp.

     1,000         193,363  

Softbank Corp.

     17,700         813,274  

Sony Corp.(a)

     16,600         286,907  

Sony Financial Holdings, Inc.

     10,278         153,044  

Sumitomo Bakelite Co., Ltd.

     48,000         201,149  

Sumitomo Chemical Co., Ltd.

     45,000         140,715  

Sumitomo Corp.(a)

     37,600         473,099  

Sumitomo Electric Industries Ltd.

     17,500         213,864  

Sumitomo Metal Mining Co., Ltd.

     17,000         240,119  

Sumitomo Mitsui Financial Group, Inc.

     53,300         2,176,899  

Sumitomo Mitsui Trust Holdings, Inc.

     128,070         606,160  

Sumitomo Realty & Development Co., Ltd.

     8,000         310,147  

T&D Holdings, Inc.

     20,900         248,746  

Taisei Corp.

     83,000         230,408  

Takeda Pharmaceutical Co., Ltd.(a)

     33,700         1,842,353  

TDK Corp.(a)

     3,200         111,806  

Tokio Marine Holdings, Inc.

     19,600         563,693  

Tokyo Electron Ltd.

     4,700         199,458  

Tokyo Gas Co., Ltd.

     49,000         264,752  

TOKYU Corp.

     62,000         458,307  

TonenGeneral Sekiyu K.K.

     26,000         257,456  

Toppan Printing Co., Ltd.(a)

     36,000         258,839  

TORAY INDUSTRIES, Inc.

     33,000         223,229  

Toshiba Corp.(a)

     119,000         602,468  

Toyota Motor Corp.(a)

     22,900         1,175,202  

Toyota Tsusho Corp.

     12,100         308,613  

Trend Micro, Inc.

     8,300         232,262  

USS Co., Ltd.

     2,250         258,456  

West Japan Railway Co.

     11,420         549,015  

Yahoo! Japan Corp.

     856         393,767  

YAKULT HONSHA CO., Ltd.(a)

     4,000         161,242  
     

 

 

 
Total Japan               66,842,448  
Netherlands – 1.8%      

Akzo Nobel N.V.

     6,290         399,972  

ASML Holding N.V.

     5,485         369,561  

European Aeronautic Defence and Space Co. N.V.(a)

     12,838         654,465  

Fugro NV CVA

     2,880       $ 159,688  

Heineken Holding N.V.

     6,240         400,559  

Heineken NV

     9,328         704,311  

Koninklijke Ahold N.V.

     45,320         695,726  

Koninklijke Boskalis Westminster N.V.

     4,932         196,265  

Koninklijke DSM N.V.

     5,215         304,092  

Koninklijke Philips Electronics N.V.

     36,430         1,079,910  

Randstad Holding N.V.(a)

     6,732         276,107  

Reed Elsevier NV

     31,096         533,669  

STMicroelectronics N.V.

     59,171         454,369  

Unilever N.V.

     46,117         1,892,337  

Wolters Kluwer N.V.

     13,994         306,114  
     

 

 

 
Total Netherlands               8,427,145  
New Zealand – 0.3%      

Auckland International Airport Ltd.

     157,312         388,232  

Fisher & Paykel Healthcare Corp., Ltd.

     86,918         190,834  

Fletcher Building Ltd.

     73,483         527,730  

Telecom Corp. of New Zealand Ltd.

     161,572         316,830  
     

 

 

 
Total New Zealand               1,423,626  
Norway – 1.7%      

Aker ASA Class A

     8,200         307,895  

Aker Solutions ASA

     16,673         310,448  

DNB ASA

     57,508         844,502  

Fred Olsen Energy ASA

     3,613         154,865  

Gjensidige Forsikring ASA

     34,642         572,269  

Norsk Hydro ASA(a)

     74,991         324,522  

Orkla ASA

     51,946         415,924  

SpareBank 1 SMN(a)

     41,830         332,058  

Statoil ASA

     112,457         2,722,491  

Telenor ASA

     63,792         1,396,698  

Yara International ASA

     8,469         384,209  
     

 

 

 
Total Norway               7,765,881  
Portugal – 0.7%      

EDP-Energias de Portugal S.A.

     311,019         959,309  

Galp Energia, SGPS, S.A. Class B

     31,557         495,183  

Jeronimo Martins, SGPS, S.A.

     12,150         237,069  

Mota-Engil, SGPS, S.A.(a)

     65,945         157,335  

Portugal Telecom, SGPS, S.A.

     162,668         807,120  

Sonae

     203,725         183,122  

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.

     77,808         329,114  
     

 

 

 
Total Portugal               3,168,252  
Singapore – 3.0%      

Cityspring Infrastructure Trust

     812,000         304,353  

DBS Group Holdings Ltd.

     93,000         1,199,420  

Hutchison Port Holdings Trust Class U

     554,240         471,104  

Jardine Cycle & Carriage Ltd.

     11,000         453,353  

Keppel Corp., Ltd.

     81,100         732,162  

Keppel Land Ltd.

     100,000         317,588  

K-Green Trust

     698,000         621,707  

Oversea-Chinese Banking Corp., Ltd.

     113,000         970,055  

SATS Ltd.

     98,000         240,142  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      37   


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

SembCorp Industries Ltd.

     49,000       $ 204,990  

SembCorp Marine Ltd.(a)

     113,000         403,506  

Singapore Airlines Ltd.

     129,000         1,130,284  

Singapore Exchange Ltd.

     48,000         297,920  

Singapore Press Holdings Ltd.(a)

     136,000         491,117  

Singapore Technologies Engineering Ltd.

     171,000         594,075  

Singapore Telecommunications Ltd.

     1,003,000         2,902,442  

StarHub Ltd.

     76,000         266,484  

STX OSV Holdings Ltd.

     258,774         254,477  

United Overseas Bank Ltd.

     48,000         788,522  

Venture Corp., Ltd.

     28,000         195,454  

Wilmar International Ltd.

     120,000         333,710  

Yangzijiang Shipbuilding Holdings Ltd.(a)

     440,000         344,027  
     

 

 

 
Total Singapore               13,516,892  
Spain – 3.0%      

Abertis Infraestructuras, S.A.

     41,960         706,377  

Acciona S.A.(a)

     5,144         280,928  

Acerinox S.A.

     15,540         159,639  

ACS Actividades de Construccion y Servicios, S.A.(a)

     36,568         854,851  

Amadeus IT Holding S.A. Class A

     10,801         292,301  

Antena 3 de Television S.A.(a)

     55,093         300,666  

Banco Bilbao Vizcaya Argentaria S.A.

     153,669         1,334,517  

Banco de Sabadell S.A.

     77,654         142,793  

Banco Espanol de Credito S.A.*

     48,244         200,718  

Banco Santander S.A.

     206,519         1,390,131  

Bolsas y Mercados Espanoles S.A.

     9,930         244,311  

CaixaBank

     142,458         482,936  

Duro Felguera S.A.

     20,950         143,387  

Enagas S.A.

     20,645         481,558  

Ferrovial S.A.

     36,372         578,211  

Gas Natural SDG S.A.

     23,729         420,796  

Iberdrola S.A.

     47,231         220,339  

Inditex S.A.

     12,672         1,682,536  

Indra Sistemas S.A.(a)

     12,397         148,047  

Mapfre S.A.

     174,779         541,109  

Obrascon Huarte Lain S.A.

     9,449         311,102  

Red Electrica Corp. S.A.

     8,507         428,760  

Repsol S.A.

     87,804         1,787,073  

Tecnicas Reunidas S.A.

     3,073         144,247  

Zardoya Otis S.A.

     24,017         321,663  
     

 

 

 
Total Spain               13,598,996  
Sweden – 3.5%      

Alfa Laval AB

     13,509         311,858  

Assa Abloy AB Class B

     10,560         432,177  

Atlas Copco AB Class A

     30,760         875,208  

Axis Communications AB(a)

     4,826         125,809  

BillerudKorsnas AB

     24,176         233,134  

Electrolux AB Series B(a)

     12,958         330,427  

Fabege AB(a)

     20,430         209,265  

Hennes & Mauritz AB Class B

     54,504         1,953,158  

Husqvarna AB Class B

     26,372         155,993  

NCC AB Class B

     8,863         222,188  

Nordea Bank AB

     135,228       $ 1,534,886  

Peab AB(a)

     59,283         332,794  

Ratos AB Class B

     15,843         167,762  

Sandvik AB

     33,114         510,308  

Scania AB Class B

     11,061         231,869  

Securitas AB Class B

     24,302         229,303  

Skandinaviska Enskilda Banken AB Class A(a)

     64,520         649,467  

Skanska AB Class B

     24,164         437,791  

SKF AB Class B

     12,789         312,546  

SSAB AB Class B

     12,926         85,047  

Svenska Cellulosa AB Class B

     16,514         426,692  

Svenska Handelsbanken AB Class A(a)

     26,059         1,116,184  

Swedbank AB Class A

     41,193         938,911  

Swedish Match AB

     7,454         231,920  

Tele2 AB Class B

     36,493         636,467  

Telefonaktiebolaget LM Ericsson Class B

     99,360         1,240,854  

TeliaSonera AB

     193,356         1,383,706  

Volvo AB Class B

     63,417         924,140  
     

 

 

 
Total Sweden               16,239,864   
Switzerland – 5.1%      

Baloise Holding AG

     3,076         288,776  

Cie Financiere Richemont S.A. Class A

     4,051         318,707  

Kuehne + Nagel International AG

     2,896         316,528  

Nestle S.A.

     85,786         6,219,134  

Novartis AG

     89,834         6,398,757  

Partners Group Holding AG

     1,515         374,850  

Roche Holding AG

     23,642         5,517,590  

Schindler Holding AG Participating Shares

     2,516         369,582  

SGS S.A.

     331         813,737  

Sulzer AG

     1,256         215,136  

Swatch Group AG (The)

     728         424,369  

Swisscom AG

     2,979         1,381,675  

Syngenta AG

     2,107         881,115  
     

 

 

 
Total Switzerland               23,519,956  
United Kingdom – 20.1%      

Aberdeen Asset Management PLC

     90,261         588,248  

Admiral Group PLC

     21,938         443,713  

AMEC PLC

     19,003         304,710  

Anglo American PLC

     26,294         675,550  

Antofagasta PLC

     20,979         313,459  

Ashmore Group PLC

     40,210         213,699  

Associated British Foods PLC

     20,243         584,329  

AstraZeneca PLC

     71,303         3,572,372  

Aviva PLC

     219,321         986,429  

Babcock International Group PLC

     27,792         459,144  

BAE Systems PLC

     188,738         1,130,022  

Barclays PLC

     343,419         1,518,245  

Berendsen PLC

     26,062         310,655  

BG Group PLC

     34,373         589,267  

BHP Billiton PLC

     72,566         2,110,098  

BP PLC

     713,718         4,984,146  

British American Tobacco PLC

     65,971         3,533,127  

British Land Co. PLC

     27,816         229,559  

 

See Notes to Financial Statements.

 

38   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

British Sky Broadcasting Group PLC

     64,520       $ 865,079  

BT Group PLC

     226,246         955,051  

Burberry Group PLC

     13,177         265,915  

Cable & Wireless Communications PLC

     616,413         392,555  

Capita PLC

     20,809         284,061  

Carillion PLC

     34,597         143,050  

Carnival PLC

     4,557         159,427  

Centrica PLC

     184,170         1,028,284  

Compass Group PLC

     54,779         699,121  

Croda International PLC

     7,832         326,211  

Daily Mail & General Trust PLC Class A

     23,334         251,387  

Darty PLC

     201,099         131,304  

Diageo PLC

     57,137         1,800,264  

Electrocomponents PLC

     36,543         139,277  

Evraz PLC

     54,700         184,392  

Fidessa Group PLC

     10,971         324,016  

Firstgroup PLC

     42,349         129,317  

Fresnillo PLC

     29,517         607,761  

G4S PLC

     53,633         237,313  

GKN PLC

     56,777         228,034  

GlaxoSmithKline PLC

     207,825         4,855,075  

Halfords Group PLC

     71,450         350,108  

Hammerson PLC

     32,926         245,933  

Hays PLC

     236,537         346,419  

HSBC Holdings PLC

     722,993         7,712,250  

ICAP PLC

     33,449         147,496  

IG Group Holdings PLC

     26,507         214,933  

IMI PLC

     21,741         427,514  

Imperial Tobacco Group PLC

     33,698         1,176,370  

Inchcape PLC

     29,794         227,335  

Inmarsat PLC

     38,459         410,247  

Intercontinental Hotels Group PLC

     15,881         483,978  

Intertek Group PLC

     4,254         219,170  

Investec PLC

     26,156         182,299  

J. Sainsbury PLC

     88,522         508,766  

John Wood Group PLC

     23,451         308,554  

Johnson Matthey PLC

     6,209         216,845  

Kazakhmys PLC

     21,871         130,316  

Kingfisher PLC

     70,662         308,800  

Ladbrokes PLC

     69,399         237,946  

Legal & General Group PLC

     318,849         836,138  

Man Group PLC

     277,298         375,378  

Marks & Spencer Group PLC

     71,406         422,863  

Marston’s PLC

     168,729         362,532  

Meggitt PLC

     32,145         239,660  

Melrose Industries PLC

     91,850         370,292  

Mondi PLC

     17,754         241,010  

Moneysupermarket.com Group PLC

     114,530         344,338  

N. Brown Group PLC

     29,605         183,411  

National Grid PLC

     167,916         1,950,537  

Next PLC

     7,074         468,975  

Old Mutual PLC

     163,792         504,135  

Pearson PLC

     28,708         516,126  

Premier Farnell PLC

     30,962         104,889  

Prudential PLC

     81,947       $ 1,325,206  

Reckitt Benckiser Group PLC

     24,118         1,727,826  

Reed Elsevier PLC

     49,997         592,919  

Rexam PLC

     28,972         232,061  

Rio Tinto PLC

     40,134         1,880,045  

Royal Dutch Shell PLC Class A

     122,238         3,951,687  

Royal Dutch Shell PLC Class B

     127,918         4,244,082  

RSA Insurance Group PLC

     242,201         428,085  

SABMiller PLC

     26,724         1,405,659  

Sage Group PLC (The)

     55,540         289,015  

Segro PLC

     50,416         194,677  

Severn Trent PLC

     12,641         328,614  

Smith & Nephew PLC

     17,070         196,992  

Smiths Group PLC

     15,268         291,419  

SSE PLC

     45,402         1,023,080  

Standard Chartered PLC

     78,837         2,039,262  

Standard Life PLC

     120,400         667,847  

Tate & Lyle PLC

     32,367         417,755  

Tesco PLC

     316,423         1,833,244  

TUI Travel PLC

     69,738         344,790  

Tullow Oil PLC

     7,887         147,425  

Unilever PLC

     40,484         1,711,407  

United Utilities Group PLC

     37,689         405,467  

Vedanta Resources PLC(a)

     13,466         205,497  

Vodafone Group PLC

     2,191,259         6,208,777  

Weir Group PLC (The)

     9,016         309,813  

WH Smith PLC(a)

     20,172         228,654  

Whitbread PLC

     6,791         264,807  

William Hill PLC

     40,777         229,034  

WM Morrison Supermarkets PLC

     85,521         358,672  

Xstrata PLC

     67,943         1,101,835  
     

 

 

 
Total United Kingdom               91,914,882  
TOTAL COMMON STOCKS
(Cost: $415,336,192)
              455,161,981  
RIGHTS – 0.0%      
United Kingdom – 0.0%      
William Hill PLC, expiring 5/04/13*
(Cost: $0)
     9,061         17,061   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.1%      
United States – 8.1%      
Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)
(Cost: $37,119,067)(c)
     37,119,067         37,119,067   
TOTAL INVESTMENTS IN SECURITIES – 107.3%
(Cost: $452,455,259)
         492,298,109   

Liabilities in Excess Cash, Foreign Currency and Other Assets – (7.3)%

        (33,690,966
     

 

 

 
NET ASSETS – 100.0%             $ 458,607,143   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      39   


Schedule of Investments (concluded)

WisdomTree DEFA Fund (DWM)

March 28, 2013

 

  

 

 

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $38,465,526 and the total market value of the collateral held by the Fund was $41,123,628 (includes non-cash U.S. Tresury securities collateral having a value of $4,004,561).

 

See Notes to Financial Statements.

 

40   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree DEFA Equity Income Fund (DTH)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.2%      
Australia – 20.8%      

Adelaide Brighton Ltd.

     32,878       $ 121,340  

AGL Energy Ltd.

     14,446         238,862  

Amcor Ltd.

     37,459         362,411  

AMP Ltd.

     150,163         815,638  

Australia & New Zealand Banking Group Ltd.

     146,607         4,360,670  

BHP Billiton Ltd.

     91,714         3,132,393  

Boral Ltd.

     22,154         113,405  

Bradken Ltd.

     7,610         51,649  

Brickworks Ltd.

     6,040         82,050  

Cabcharge Australia Ltd.(a)

     18,618         88,705  

Caltex Australia Ltd.

     6,721         149,599  

Coca-Cola Amatil Ltd.

     30,280         460,267  

Cochlear Ltd.

     1,491         105,780  

Commonwealth Bank of Australia

     82,557         5,853,605  

Computershare Ltd.

     17,975         191,146  

Crown Ltd.

     32,078         411,348  

David Jones Ltd.(a)

     66,572         207,520  

DuluxGroup Ltd.

     21,244         98,558  

Envestra Ltd.

     114,318         125,737  

Fairfax Media Ltd.(a)

     204,094         134,050  

Flight Centre Ltd.(a)

     4,001         140,154  

GUD Holdings Ltd.(a)

     6,863         51,373  

GWA Group Ltd.

     54,993         144,479  

Harvey Norman Holdings Ltd.(a)

     54,965         156,439  

Iluka Resources Ltd.(a)

     22,147         215,885  

Insurance Australia Group Ltd.

     66,107         393,532  

IOOF Holdings Ltd.

     16,072         139,074  

Iress Ltd.

     18,029         146,234  

JB Hi-Fi Ltd.(a)

     12,933         199,013  

Macquarie Group Ltd.

     13,278         514,266  

Metcash Ltd.

     46,955         202,665  

Myer Holdings Ltd.(a)

     86,167         265,008  

National Australia Bank Ltd.

     148,332         4,769,204  

Orica Ltd.

     12,937         329,769  

Origin Energy Ltd.

     36,517         505,580  

OZ Minerals Ltd.

     15,526         86,275  

Perpetual Ltd.

     3,508         147,315  

Primary Health Care Ltd.

     18,671         96,549  

QBE Insurance Group Ltd.

     44,586         627,987  

SAI Global Ltd.(a)

     19,225         67,545  

Seven West Media Ltd.

     130,424         273,307  

Sonic Healthcare Ltd.

     12,226         177,555  

Suncorp Group Ltd.

     61,705         760,387  

Super Retail Group Ltd.

     8,558         110,188  

Sydney Airport

     128,388         439,031  

TABCORP Holdings Ltd.

     68,210         229,693  

Tatts Group Ltd.

     105,396         348,321  

Telstra Corp., Ltd.

     763,675         3,590,722  

Toll Holdings Ltd.

     31,925         197,371  

Transfield Services Ltd.

     58,846         111,657  

UGL Ltd.(a)

     7,915         84,498  

Wesfarmers Ltd.

     50,204         2,104,074  

Westpac Banking Corp.

     196,936       $ 6,315,506  

Woodside Petroleum Ltd.

     23,658         883,487  

Woolworths Ltd.

     43,894         1,546,287  

Wotif.com Holdings Ltd.(a)

     12,604         65,044  
     

 

 

 
Total Australia               43,540,207  
Austria – 0.4%      

OMV AG

     11,580         493,308  

Raiffeisen Bank International AG(a)

     7,556         257,266  

Telekom Austria AG

     24,858         163,399  
     

 

 

 
Total Austria               913,973  
Belgium – 0.7%      

Ageas

     8,202         277,892  

Belgacom S.A.(a)

     18,448         459,449  

Cofinimmo

     1,572         180,362  

Delhaize Group S.A.

     2,316         126,557  

EVS Broadcast Equipment S.A.

     2,532         162,762  

Mobistar S.A.

     5,413         121,779  

Tessenderlo Chemie N.V.

     1,431         38,129  
     

 

 

 
Total Belgium               1,366,930  
Denmark – 0.3%      

Pandora A/S(a)

     5,892         162,384  

TDC A/S

     65,533         504,465  
     

 

 

 
Total Denmark               666,849  
Finland – 1.5%      

Elisa Oyj(a)

     9,950         185,136  

Fortum Oyj

     37,718         761,377  

Kemira Oyj(a)

     4,335         60,230  

Kesko Oyj Class B

     4,380         137,066  

Metso Oyj

     7,017         299,059  

Pohjola Bank PLC Class A(a)

     20,323         295,937  

Rautaruukki Oyj(a)

     16,615         105,652  

Sampo Class A

     19,054         734,017  

Stora Enso Oyj Class R

     36,933         238,788  

Tikkurila Oyj

     2,625         55,280  

UPM-Kymmene Oyj(a)

     26,335         294,375  

Uponor Oyj(a)

     3,972         54,065  
     

 

 

 
Total Finland               3,220,982  
France – 11.8%      

AXA S.A.

     98,421         1,694,787  

BNP Paribas S.A.

     30,336         1,559,736  

Bouygues S.A.

     15,340         416,811  

Carrefour S.A.

     31,276         857,649  

Casino Guichard Perrachon S.A.

     2,941         309,600  

Cie de Saint-Gobain

     14,556         540,554  

Cie Generale des Etablissements Michelin

     4,690         392,963  

CNP Assurances

     32,745         450,122  

EDF S.A.

     77,997         1,498,332  

Eiffage S.A.

     4,522         191,679  

Euler Hermes S.A.

     1,541         142,216  

France Telecom S.A.

     215,891         2,187,309  

GDF Suez

     116,013         2,237,563  

Klepierre

     9,130         359,277  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      41   


Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Lagardere SCA

     4,504       $ 166,133  

Metropole Television S.A.

     11,242         175,035  

Natixis

     98,671         375,295  

Nexity S.A.

     5,118         176,459  

Rallye S.A.

     4,026         147,856  

Rexel S.A.

     8,652         189,148  

Sanofi

     35,992         3,663,645  

Societe Television Francaise 1

     18,615         209,036  

Suez Environnement Co.

     25,611         327,193  

Total S.A.

     88,351         4,237,979  

Veolia Environnement S.A.

     19,784         249,931  

Vinci S.A.

     19,098         861,886  

Vivendi S.A.

     50,921         1,053,722  
     

 

 

 
Total France               24,671,916  
Germany – 8.6%      

Allianz SE

     16,752         2,279,115  

Axel Springer AG(a)

     3,326         144,378  

BASF SE

     23,716         2,080,597  

Comdirect Bank AG

     13,916         146,298  

Daimler AG

     39,600         2,158,342  

Deutsche Boerse AG

     10,783         654,175  

Deutsche Post AG

     41,036         947,180  

Deutsche Telekom AG

     219,035         2,319,292  

E.ON SE

     80,402         1,406,185  

Freenet AG

     6,400         155,777  

Hannover Rueckversicherung AG

     4,384         344,469  

Metro AG

     11,644         331,637  

Muenchener Rueckversicherungs AG

     6,639         1,243,817  

RWE AG

     24,409         911,315  

Siemens AG

     24,652         2,660,021  

SMA Solar Technology AG

     3,120         74,799  
     

 

 

 
Total Germany               17,857,397  
Hong Kong – 2.0%      

BOC Hong Kong Holdings Ltd.

     353,500         1,179,449  

China Merchants Holdings International Co., Ltd.

     83,660         274,281  

Hang Seng Bank Ltd.

     57,418         920,889  

Hopewell Holdings Ltd.

     59,500         241,061  

New World Development Co., Ltd.

     258,000         436,722  

PCCW Ltd.

     239,000         110,838  

Power Assets Holdings Ltd.

     58,518         552,188  

Shanghai Industrial Holdings Ltd.

     34,000         106,871  

Shenzhen Investment Ltd.(a)

     210,000         84,134  

Shougang Fushan Resources Group Ltd.(a)

     216,290         96,406  

Television Broadcasts Ltd.

     18,000         136,345  
     

 

 

 
Total Hong Kong               4,139,184  
Ireland – 0.2%      

CRH PLC

     21,684         479,481  
Israel – 0.7%      

Bezeq The Israeli Telecommunication Corp. Ltd.

     306,982         425,724  

Clal Industries Ltd.

     52,232         203,797  

Israel Chemicals Ltd.

     60,492         782,314  
     

 

 

 
Total Israel               1,411,835  
Italy – 4.4%      

ACEA SpA

     8,483       $ 44,879  

Atlantia SpA

     31,823         503,443  

Banca Carige SpA(a)

     165,360         110,310  

Banca Generali SpA

     10,077         191,510  

Enel SpA

     586,255         1,916,653  

ENI SpA

     152,781         3,439,140  

ERG SpA

     15,427         140,650  

Geox SpA(a)

     11,030         30,763  

Hera SpA

     98,974         174,498  

Intesa Sanpaolo SpA

     464,371         680,973  

MARR SpA

     6,077         66,759  

Mediobanca SpA

     40,377         205,837  

Parmalat SpA

     102,715         262,473  

Recordati SpA

     16,589         150,392  

Snam SpA

     150,066         685,240  

Telecom Italia SpA

     493,957         349,494  

Terna Rete Elettrica Nazionale SpA

     79,273         328,796  
     

 

 

 
Total Italy               9,281,810  
Japan – 6.2%      

Aozora Bank Ltd.

     35,000         98,649  

Asahi Glass Co., Ltd.

     30,000         207,722  

Chubu Electric Power Co., Inc.

     26,200         318,792  

Dai Nippon Printing Co., Ltd.(a)

     19,000         180,866  

Daiichi Sankyo Co., Ltd.(a)

     25,100         483,206  

Daito Trust Construction Co., Ltd.

     1,600         137,162  

Eisai Co., Ltd.(a)

     7,200         322,016  

Hokkaido Electric Power Co., Inc.

     13,100         133,759  

ITOCHU Corp.(a)

     58,300         712,473  

Kansai Electric Power Co., Inc. (The)*

     35,400         335,475  

Kyushu Electric Power Co., Inc.*

     18,000         183,408  

Mitsui & Co., Ltd.(a)

     58,700         822,874  

Mizuho Financial Group, Inc.(a)

     703,000         1,502,904  

MS&AD Insurance Group Holdings

     13,000         288,013  

Nippon Telegraph & Telephone Corp.

     33,300         1,452,138  

NKSJ Holdings, Inc.

     11,498         240,795  

NTT DoCoMo, Inc.(a)

     1,136         1,686,722  

Ricoh Co., Ltd.(a)

     22,000         238,205  

Sumitomo Corp.

     46,400         583,825  

Sumitomo Mitsui Financial Group, Inc.

     37,900         1,547,926  

Taiyo Holdings Co., Ltd.

     5,200         150,491  

Takeda Pharmaceutical Co., Ltd.(a)

     22,500         1,230,057  
     

 

 

 
Total Japan               12,857,478  
Netherlands – 1.3%      

CSM

     1,986         42,079  

Delta Lloyd N.V.

     17,417         299,246  

Koninklijke Ahold N.V.

     26,665         409,345  

Koninklijke Philips Electronics N.V.

     30,424         901,872  

Randstad Holding N.V.

     6,236         255,764  

Reed Elsevier NV

     21,264         364,932  

STMicroelectronics N.V.

     45,880         352,309  

Wolters Kluwer NV

     8,253         180,531  
     

 

 

 
Total Netherlands               2,806,078  

 

See Notes to Financial Statements.

 

42   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
New Zealand – 0.5%      

Auckland International Airport Ltd.

     53,595       $ 132,268  

Fisher & Paykel Healthcare Corp., Ltd.

     70,447         154,671  

Fletcher Building Ltd.

     34,952         251,013  

Sky Network Television Ltd.

     14,995         66,599  

SKYCITY Entertainment Group Ltd.

     29,267         108,158  

Telecom Corp. of New Zealand Ltd.

     113,758         223,070  

Vector Ltd.

     52,564         125,539  
     

 

 

 
Total New Zealand               1,061,318  
Norway – 2.2%      

Aker ASA Class A

     4,358         163,635  

Aker Solutions ASA

     14,375         267,660  

Austevoll Seafood ASA

     9,944         60,355  

Gjensidige Forsikring ASA

     22,514         371,920  

Orkla ASA

     37,263         298,360  

SpareBank 1 SMN(a)

     8,043         63,848  

Statoil ASA

     88,900         2,152,195  

Telenor ASA

     52,744         1,154,806  
     

 

 

 
Total Norway               4,532,779  
Portugal – 0.9%      

EDP-Energias de Portugal S.A.

     254,050         783,594  

Portugal Telecom, SGPS, S.A.

     123,555         613,050  

Sonae

     244,497         219,771  

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.

     47,890         202,566  
     

 

 

 
Total Portugal               1,818,981  
Singapore – 3.1%      

Hutchison Port Holdings Trust Class U

     439,597         373,657  

Keppel Corp., Ltd.

     70,000         631,952  

Keppel Land Ltd.

     69,000         219,136  

M1 Ltd.

     92,000         219,507  

SembCorp Marine Ltd.(a)

     82,000         292,810  

Singapore Airlines Ltd.

     85,000         744,761  

Singapore Exchange Ltd.

     54,000         335,160  

Singapore Post Ltd.

     168,000         168,596  

Singapore Press Holdings Ltd.(a)

     88,000         317,782  

Singapore Technologies Engineering Ltd.

     132,000         458,584  

Singapore Telecommunications Ltd.

     751,000         2,173,215  

SMRT Corp., Ltd.

     116,000         147,735  

StarHub Ltd.

     87,000         305,054  

Venture Corp., Ltd.

     20,000         139,610  
     

 

 

 
Total Singapore               6,527,559  
Spain – 2.9%      

Abertis Infraestructuras, S.A.(a)

     35,791         602,525  

Acciona S.A.(a)

     3,037         165,859  

Acerinox S.A.

     9,401         96,574  

ACS Actividades de Construccion y Servicios, S.A.

     31,722         741,566  

Almirall S.A.

     6,649         83,245  

Antena 3 de Television S.A.

     28,935         157,910  

Banco Espanol de Credito S.A.*

     26,114         108,647  

Bolsas y Mercados Espanoles S.A.

     9,044         222,513  

CaixaBank

     118,428         401,474  

Caja de Ahorros del Mediterraneo*(a)

     6,353       $ 10,932  

Duro Felguera S.A.

     20,950         143,387  

Enagas S.A.

     11,893         277,412  

Ferrovial S.A.

     24,131         383,614  

Indra Sistemas S.A.(a)

     13,847         165,363  

Mapfre S.A.

     172,709         534,701  

Obrascon Huarte Lain S.A.

     8,093         266,456  

Red Electrica Corp. S.A.

     5,257         264,957  

Repsol YPF S.A.

     69,167         1,407,754  
     

 

 

 
Total Spain               6,034,889  
Sweden – 3.9%      

Axfood AB

     1,975         80,494  

Bilia AB Class A

     3,568         64,479  

BillerudKorsnas AB

     9,773         94,243  

Boliden AB

     10,723         173,000  

Castellum AB(a)

     10,675         152,359  

Electrolux AB Series B(a)

     8,568         218,483  

Fabege AB(a)

     7,034         72,049  

Hennes & Mauritz AB Class B(a)

     38,970         1,396,495  

Hoganas AB Class B

     1,714         84,883  

Intrum Justitia AB

     4,559         88,347  

Loomis AB Class B

     4,528         84,265  

Nordea Bank AB

     89,890         1,020,283  

Peab AB(a)

     12,768         71,675  

Ratos AB Class B

     15,422         163,304  

Scania AB Class B

     9,842         206,316  

Securitas AB Class B

     12,045         113,651  

Skandinaviska Enskilda Banken AB Class A(a)

     67,430         678,759  

Skanska AB Class B

     13,717         248,518  

Svenska Handelsbanken AB Class A(a)

     20,868         893,839  

Swedbank AB Class A(a)

     32,621         743,530  

Tele2 AB Class B

     29,859         520,764  

TeliaSonera AB(a)

     149,394         1,069,102  
     

 

 

 
Total Sweden               8,238,838  
Switzerland – 4.9%      

Baloise Holding AG

     3,257         305,768  

Mobilezone Holding AG

     13,197         135,183  

Novartis AG

     68,559         4,883,367  

Roche Holding AG – Genusschein

     17,408         4,062,694  

Swisscom AG

     1,783         826,964  
     

 

 

 
Total Switzerland               10,213,976  
United Kingdom – 21.9%      

Aberdeen Asset Management PLC

     32,760         213,503  

Admiral Group PLC

     11,776         238,179  

AstraZeneca PLC

     54,162         2,713,586  

Aviva PLC

     190,556         857,054  

BAE Systems PLC

     141,028         844,370  

BBA Aviation PLC

     19,255         75,287  

Berendsen PLC

     15,530         185,115  

BHP Billiton PLC

     59,520         1,730,742  

BP PLC

     563,945         3,938,228  

British American Tobacco PLC

     51,091         2,736,217  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      43   


Schedule of Investments (concluded)

WisdomTree DEFA Equity Income Fund (DTH)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

British Land Co. PLC

     17,399       $ 143,590  

Britvic PLC

     9,888         66,724  

Cable & Wireless Communications PLC

     397,361         253,055  

Carillion PLC

     13,388         55,356  

Centrica PLC

     163,770         914,384  

Daily Mail & General Trust PLC Class A

     22,769         245,300  

Darty PLC

     124,473         81,273  

Electrocomponents PLC

     30,496         116,230  

Fidessa Group PLC

     5,148         152,040  

Firstgroup PLC

     51,402         156,961  

Fresnillo PLC

     22,751         468,447  

GlaxoSmithKline PLC

     157,635         3,682,569  

Greene King PLC

     26,246         279,770  

Halfords Group PLC

     10,261         50,279  

Hargreaves Lansdown PLC

     9,963         131,314  

Hays PLC

     62,980         92,237  

HSBC Holdings PLC

     538,911         5,748,626  

ICAP PLC

     34,213         150,865  

IG Group Holdings PLC

     13,458         109,125  

Imperial Tobacco Group PLC

     27,000         942,548  

Inmarsat PLC

     21,138         225,481  

Interserve PLC

     20,451         155,052  

Investec PLC

     27,784         193,646  

J. Sainsbury PLC

     62,456         358,956  

Kier Group PLC

     3,093         55,044  

Ladbrokes PLC

     34,298         117,596  

Laird PLC

     19,370         63,913  

Legal & General Group PLC

     211,230         553,922  

Man Group PLC

     179,921         243,559  

Marks & Spencer Group PLC

     50,363         298,248  

Marston’s PLC

     36,418         78,248  

Micro Focus International PLC

     3,954         41,157  

Moneysupermarket.com Group PLC

     51,827         155,820  

N. Brown Group PLC

     24,758         153,383  

National Grid PLC

     118,970         1,381,973  

Old Mutual PLC

     118,569         364,943  

Premier Farnell PLC

     42,948         145,493  

Reed Elsevier PLC

     33,641         398,952  

Royal Dutch Shell PLC Class B

     85,906         2,850,202  

RSA Insurance Group PLC

     206,057         364,201  

Sage Group PLC (The)

     42,657         221,976  

Segro PLC

     48,443         187,059  

Severn Trent PLC

     7,982         207,499  

SSE PLC

     30,555         688,520  

Standard Life PLC

     98,321         545,377  

Tesco PLC

     239,212         1,385,910  

TUI Travel PLC

     68,869         340,494  

Tullett Prebon PLC

     11,026         43,396  

Unilever PLC

     30,925         1,307,313  

United Utilities Group PLC

     19,308         207,720  

Vodafone Group PLC

     1,665,506         4,719,093  

WM Morrison Supermarkets PLC

     49,341       $ 206,934  

WS Atkins PLC

     8,446         116,962  
     

 

 

 
Total United Kingdom               45,751,016  
TOTAL COMMON STOCKS
(Cost: $193,155,851)
              207,393,476  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      

WisdomTree International LargeCap Dividend Fund(a)(b)

     
(Cost: $464,483)      10,122         465,814  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.4%      
United States – 6.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $13,288,926)(d)      13,288,926         13,288,926   
TOTAL INVESTMENTS IN SECURITIES – 105.8%
(Cost: $206,909,260)
         221,148,216  

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

        (12,137,822
     

 

 

 
NET ASSETS – 100.0%             $ 209,010,394  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $13,074,624 and the total market value of the collateral held by the Fund was $13,757,816 (includes non-cash U.S. Treasury securities collateral having a value of $468,890).

 

See Notes to Financial Statements.

 

44   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Global Equity Income Fund (DEW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 11.4%      

AGL Energy Ltd.

     5,630       $ 93,091  

Amcor Ltd.

     11,067         107,072  

AMP Ltd.

     48,603         263,996  

Australia & New Zealand Banking Group Ltd.

     40,708         1,210,816  

BHP Billiton Ltd.

     27,283         931,822  

Boral Ltd.

     18,247         93,405  

Brambles Ltd.

     13,662         120,641  

Coca-Cola Amatil Ltd.

     9,069         137,852  

Cochlear Ltd.

     1,117         79,246  

Commonwealth Bank of Australia

     23,550         1,669,784  

Crown Ltd.

     9,622         123,386  

Harvey Norman Holdings Ltd.(a)

     18,306         52,102  

Incitec Pivot Ltd.

     25,060         80,730  

Macquarie Group Ltd.

     4,259         164,954  

Metcash Ltd.

     33,148         143,072  

National Australia Bank Ltd.

     42,786         1,375,665  

Orica Ltd.

     4,894         124,750  

Origin Energy Ltd.

     12,954         179,349  

QBE Insurance Group Ltd.

     14,530         204,653  

Sonic Healthcare Ltd.

     5,372         78,016  

Suncorp Group Ltd.

     16,092         198,301  

Tatts Group Ltd.

     34,418         113,747  

Telstra Corp., Ltd.

     228,314         1,073,509  

Toll Holdings Ltd.

     10,923         67,530  

Wesfarmers Ltd.

     15,028         629,831  

Westpac Banking Corp.

     55,985         1,795,373  

Woodside Petroleum Ltd.

     7,237         270,259  

Woolworths Ltd.

     12,846         452,536  
     

 

 

 
Total Australia               11,835,488  
Austria – 0.3%      

Oesterreichische Post AG

     3,021         130,324  

OMV AG

     3,859         164,393  
     

 

 

 
Total Austria               294,717  
Belgium – 0.2%      

Belgacom S.A.

     6,582         163,925  

Elia System Operator S.A.(a)

     1,787         76,643  
     

 

 

 
Total Belgium               240,568  
Brazil – 2.4%      

Banco do Brasil S.A.

     43,200         588,112  

Banco Santander Brasil S.A.

     31,400         227,517  

BM&F Bovespa S.A.

     23,300         157,617  

Centrais Eletricas Brasileiras S.A.

     17,500         60,667  

Cia Energetica de Minas Gerais

     5,550         64,491  

Cia Siderurgica Nacional S.A.

     18,000         81,504  

CPFL Energia S.A.

     10,900         114,062  

EDP – Energias do Brasil S.A.

     9,400         58,833  

Natura Cosmeticos S.A.

     3,800         93,061  

Oi S.A.

     9,298         32,049  

Petroleo Brasileiro S.A.

     54,900         458,782  

Tractebel Energia S.A.

     5,200         89,592  

Vale S.A.

     26,600       $ 460,406  
     

 

 

 
Total Brazil               2,486,693  
Canada – 5.5%      

ARC Resources Ltd.(a)

     1,742         46,021  

Bank of Montreal

     4,666         293,660  

Bank of Nova Scotia

     7,426         432,059  

BCE, Inc.(a)

     6,349         296,593  

Bell Aliant, Inc.

     3,952         104,795  

Bonavista Energy Corp.(a)

     4,203         61,807  

Canadian Imperial Bank of Commerce(a)

     3,721         291,835  

Canadian Oil Sands Ltd.

     6,592         135,869  

CI Financial Corp.

     3,576         98,908  

Crescent Point Energy Corp.(a)

     3,576         134,987  

Emera, Inc.

     1,839         63,536  

Encana Corp.(a)

     5,824         113,275  

Enerplus Corp.(a)

     5,722         83,581  

First Capital Realty, Inc.(a)

     3,474         64,799  

Great-West Lifeco, Inc.

     11,068         296,650  

Husky Energy, Inc.(a)

     8,143         233,722  

IGM Financial, Inc.

     3,781         170,339  

Manulife Financial Corp.(a)

     17,063         251,255  

Pembina Pipeline Corp.(a)

     3,234         102,182  

Penn West Petroleum Ltd.

     9,285         99,800  

PetroBakken Energy Ltd.(a)

     2,288         19,886  

Power Corp. of Canada

     5,313         142,768  

Power Financial Corp.

     8,599         253,412  

RioCan Real Estate Investment Trust(a)

     4,598         125,818  

Rogers Communications, Inc. Class B(a)

     4,394         224,425  

Royal Bank of Canada(a)

     10,512         633,234  

Shaw Communications, Inc. Class B(a)

     4,291         106,267  

Sun Life Financial, Inc.

     7,667         209,193  

Thomson Reuters Corp.

     7,970         258,567  

TransAlta Corp.(a)

     3,576         52,270  

TransCanada Corp.

     5,172         246,904  

Veresen, Inc.(a)

     5,473         69,817  
     

 

 

 
Total Canada               5,718,234  
Chile – 0.2%      

Banco de Chile

     944,282         148,763  

ENTEL Chile S.A.

     5,337         112,867  
     

 

 

 
Total Chile               261,630  
China – 3.2%      

Bank of China Ltd. Class H

     957,366         443,987  

China CITIC Bank Corp., Ltd. Class H

     218,000         130,868  

China Construction Bank Corp. Class H

     1,993,405         1,628,077  

China Petroleum & Chemical Corp. Class H

     160,000         188,389  

Chongqing Rural Commercial Bank Co., Ltd. Class H

     65,392         34,959  

Guangzhou R&F Properties Co., Ltd. Class H

     40,800         68,432  

Industrial & Commercial Bank of China, Ltd. Class H

     809,215         567,091  

PetroChina Co., Ltd. Class H

     154,000         201,957  

Zhejiang Expressway Co., Ltd. Class H

     79,800         63,017  
     

 

 

 
Total China               3,326,777  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      45   


Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Czech Republic – 0.3%      

CEZ AS

     6,123       $ 179,610  

Telefonica Czech Republic AS

     6,523         98,516  
     

 

 

 
Total Czech Republic               278,126  
Denmark – 0.1%      

TDC A/S

     18,150         139,716  
Finland – 0.7%      

Elisa Oyj(a)

     3,034         56,452  

Fortum Oyj

     10,310         208,118  

Metso Oyj(a)

     2,310         98,451  

Sampo Class A

     6,517         251,054  

Stora Enso Oyj Class R

     11,285         72,963  

UPM-Kymmene Oyj

     8,054         90,028  
     

 

 

 
Total Finland               777,066  
France – 7.4%      

AXA S.A.

     29,342         505,262  

BNP Paribas S.A.

     9,184         472,198  

Bouygues S.A.

     6,245         169,686  

Carrefour S.A.

     11,195         306,989  

Casino Guichard Perrachon S.A.

     1,484         156,221  

Cie Generale des Etablissements Michelin

     1,809         151,571  

CNP Assurances

     11,044         151,814  

Compagnie de Saint-Gobain

     5,120         190,137  

EDF S.A.

     24,324         467,267  

Euler Hermes S.A.

     833         76,876  

France Telecom S.A.

     63,034         638,632  

GDF Suez

     34,871         672,563  

Klepierre

     3,676         144,655  

Natixis

     34,443         131,004  

Sanofi

     10,615         1,080,507  

Schneider Electric S.A.

     4,077         298,411  

Suez Environnement Co.

     7,908         101,029  

Total S.A.

     25,521         1,224,179  

Veolia Environnement S.A.

     9,883         124,852  

Vinci S.A.

     5,998         270,688  

Vivendi S.A.

     15,313         316,876  
     

 

 

 
Total France               7,651,417  
Germany – 5.3%      

Allianz SE

     4,668         635,083  

Axel Springer AG(a)

     1,556         67,544  

BASF SE

     6,767         593,667  

Bayerische Motoren Werke AG

     4,172         360,597  

Bilfinger Se

     837         87,090  

Daimler AG

     11,617         633,168  

Deutsche Boerse AG

     3,520         213,549  

Deutsche Post AG

     12,466         287,736  

Deutsche Telekom AG

     62,071         657,250  

E.ON SE

     24,714         432,234  

Metro AG

     3,648         103,900  

Muenchener Rueckversicherungs AG

     1,892         354,466  

RWE AG

     6,565         245,106  

Siemens AG

     7,103         766,434  
     

 

 

 
Total Germany               5,437,824  
Hong Kong – 3.6%      

BOC Hong Kong Holdings Ltd.

     102,000       $ 340,322  

China Merchants Holdings International Co., Ltd.

     28,609         93,795  

China Mobile Ltd.

     142,532         1,509,295  

CLP Holdings Ltd.

     20,500         179,578  

CNOOC Ltd.

     283,000         543,933  

Hang Seng Bank Ltd.

     17,200         275,859  

Hong Kong Exchanges and Clearing Ltd.

     8,900         151,569  

Hopewell Holdings Ltd.

     21,500         87,106  

Power Assets Holdings Ltd.

     17,500         165,134  

Shanghai Industrial Holdings Ltd.

     29,000         91,155  

Sun Hung Kai Properties Ltd.

     19,000         256,021  
     

 

 

 
Total Hong Kong               3,693,767  
Indonesia – 0.4%      

Astra Agro Lestari Tbk PT

     15,000         28,557  

Indo Tambangraya Megah Tbk PT

     35,000         127,862  

Perusahaan Gas Negara Persero Tbk PT

     183,000         112,051  

Telekomunikasi Indonesia Persero Tbk PT

     145,087         164,235  
     

 

 

 
Total Indonesia               432,705  
Ireland – 0.2%      

CRH PLC

     8,089         178,866  
Israel – 0.4%      

Bezeq The Israeli Telecommunication Corp., Ltd.

     94,707         131,340  

Israel Chemicals Ltd.

     18,418         238,191  
     

 

 

 
Total Israel               369,531  
Italy – 2.4%      

Atlantia SpA

     9,717         153,724  

Enel SpA

     175,176         572,706  

ENI SpA

     43,351         975,842  

Intesa Sanpaolo SpA

     140,125         205,485  

Mediolanum SpA

     8,734         48,069  

Parmalat SpA

     16,747         42,795  

Snam SpA

     45,315         206,920  

Telecom Italia SpA

     181,530         128,439  

Terna Rete Elettrica Nazionale SpA

     35,337         146,565  
     

 

 

 
Total Italy               2,480,545  
Japan – 4.8%      

Astellas Pharma, Inc.

     3,800         204,510  

Canon, Inc.

     9,000         330,249  

Chubu Electric Power Co., Inc.

     7,800         94,907  

Dai Nippon Printing Co., Ltd.

     12,000         114,231  

Daiichi Sankyo Co., Ltd.

     7,800         150,159  

Eisai Co., Ltd.

     3,300         147,591  

Hokkaido Electric Power Co., Inc.*

     2,900         29,611  

ITOCHU Corp.

     17,800         217,530  

JX Holdings, Inc.

     23,500         131,722  

Kansai Electric Power Co., Inc. (The)*

     11,800         111,825  

Kyushu Electric Power Co., Inc.*

     5,000         50,947  

Mitsubishi Corp.

     14,300         267,688  

Mitsui & Co., Ltd.

     14,900         208,873  

Mizuho Financial Group, Inc.

     195,700         418,376  

MS&AD Insurance Group Holdings, Inc.

     2,100         46,525  

 

See Notes to Financial Statements.

 

46   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Nippon Telegraph & Telephone Corp.

     10,100       $ 440,438  

NKSJ Holdings, Inc.

     5,672         118,785  

NTT DoCoMo, Inc.

     332         492,950  

Resona Holdings, Inc.

     17,800         93,714  

Ricoh Co., Ltd.

     10,000         108,275  

Sankyo Co., Ltd.

     1,500         70,198  

Sumitomo Corp.

     13,400         168,604  

Sumitomo Mitsui Financial Group, Inc.

     10,900         445,182  

Takeda Pharmaceutical Co., Ltd.

     7,600         415,486  

Toppan Printing Co., Ltd.

     11,000         79,090  
     

 

 

 
Total Japan               4,957,466  
Malaysia – 0.8%      

British American Tobacco Malaysia Bhd

     6,300         127,119  

DiGi.Com Bhd

     87,900         131,715  

Malayan Banking Bhd

     121,800         369,747  

Maxis Bhd

     102,400         215,944  
     

 

 

 
Total Malaysia               844,525  
Mexico – 0.5%      

Grupo Mexico S.A.B de CV Series B

     75,500         305,264  

Grupo Modelo S.A.B de CV Series C(a)

     26,000         235,891  
     

 

 

 
Total Mexico               541,155  
Netherlands – 0.9%      

Akzo Nobel N.V.

     1,404         89,279  

Delta Lloyd N.V.

     7,035         120,870  

Koninklijke Boskalis Westminster N.V.

     713         28,373  

Koninklijke Philips Electronics N.V.

     9,448         280,071  

Randstad Holding N.V.

     2,425         99,459  

Reed Elsevier N.V.

     9,275         159,178  

STMicroelectronics N.V.

     15,789         121,242  
     

 

 

 
Total Netherlands               898,472  
New Zealand – 0.2%      

Auckland International Airport Ltd.

     18,214         44,951  

Fletcher Building Ltd.

     11,460         82,302  

Telecom Corp. of New Zealand Ltd.

     40,935         80,270  
     

 

 

 
Total New Zealand               207,523  
Norway – 1.2%      

Gjensidige Forsikring ASA

     5,702         94,194  

Orkla ASA

     13,283         106,355  

Statoil ASA

     29,221         707,416  

Telenor ASA

     13,520         296,015  
     

 

 

 
Total Norway               1,203,980  
Philippines – 0.2%      

Philippine Long Distance Telephone Co.

     2,350         172,061  
Poland – 0.6%      

Bank Handlowy w Warszawie S.A.

     2,517         70,423  

Bank Pekao S.A.

     1,919         92,633  

KGHM Polska Miedz S.A.

     4,085         198,193  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     10,415         110,636  

Powszechny Zaklad Ubezpieczen S.A.

     980         121,730  

Telekomunikacja Polska S.A.

     22,992         47,151  
     

 

 

 
Total Poland               640,766  
Portugal – 0.4%      

EDP-Energias de Portugal S.A.

     65,003       $ 200,495  

Portugal Telecom, SGPS, S.A.

     36,723         182,211  
     

 

 

 
Total Portugal               382,706  
Russia – 2.2%      

Gazprom Neft JSC ADR

     8,988         189,647  

Gazprom OAO ADR

     113,226         968,082  

Lukoil OAO ADR

     6,556         422,207  

MMC Norilsk Nickel OJSC ADR

     12,618         213,118  

Mobile Telesystems OJSC ADR

     12,261         254,293  

Novolipetsk Steel OJSC GDR(a)

     5,430         85,631  

Tatneft ADR

     2,590         102,512  
     

 

 

 
Total Russia               2,235,490  
Singapore – 2.0%      

DBS Group Holdings Ltd.

     14,000         180,558  

Hutchison Port Holdings Trust Class U

     122,827         104,403  

Jardine Cycle & Carriage Ltd.

     3,000         123,642  

Keppel Corp., Ltd.

     15,800         142,641  

Keppel Land Ltd.

     30,000         95,276  

SembCorp Marine Ltd.(a)

     32,000         114,267  

SIA Engineering Co., Ltd.

     20,000         76,415  

Singapore Airlines Ltd.

     28,000         245,333  

Singapore Press Holdings Ltd.(a)

     36,000         130,002  

Singapore Technologies Engineering Ltd.

     40,000         138,965  

Singapore Telecommunications Ltd.

     211,000         610,583  

StarHub Ltd.

     27,000         94,672  
     

 

 

 
Total Singapore               2,056,757  
South Africa – 1.3%      

ABSA Group Ltd.(a)

     4,795         81,010  

African Bank Investments Ltd.(a)

     13,104         43,264  

Kumba Iron Ore Ltd.(a)

     4,457         239,002  

MMI Holdings Ltd.

     31,520         79,810  

MTN Group Ltd.(a)

     17,864         314,425  

Sanlam Ltd.

     22,651         116,484  

Sasol Ltd.

     5,362         238,069  

Standard Bank Group Ltd.

     9,131         117,829  

Vodacom Group Ltd.(a)

     13,681         163,884  
     

 

 

 
Total South Africa               1,393,777  
South Korea – 0.4%      

KT Corp.

     4,430         139,757  

SK Telecom Co., Ltd.

     1,276         207,009  

S-Oil Corp.

     1,328         111,482  
     

 

 

 
Total South Korea               458,248  
Spain – 1.7%      

Abertis Infraestructuras, S.A.(a)

     8,854         149,053  

Acciona S.A.(a)

     1,338         73,072  

Acerinox S.A.

     5,779         59,366  

ACS Actividades de Construccion y Servicios, S.A.(a)

     9,551         223,274  

Banco Bilbao Vizcaya Argentaria S.A.

     37,729         327,652  

CaixaBank

     46,774         158,565  

Gas Natural SDG S.A.

     7,363         130,571  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      47   


Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Mapfre S.A.

     47,739       $ 147,798  

Red Electrica Corp. S.A.

     755         38,053  

Repsol YPF S.A.

     19,615         399,224  

Zardoya Otis S.A.

     5,169         69,229  
     

 

 

 
Total Spain               1,775,857  
Sweden – 2.5%      

Boliden AB

     2,623         42,318  

Electrolux AB Series B(a)

     4,516         115,157  

Hennes & Mauritz AB Class B

     12,504         448,083  

Nordea Bank AB

     29,211         331,555  

Ratos AB Class B

     7,260         76,877  

Securitas AB Class B

     4,131         38,978  

Skandinaviska Enskilda Banken AB Class A(a)

     18,008         181,271  

Skanska AB Class B

     7,481         135,537  

Svenska Handelsbanken AB Class A(a)

     4,810         206,027  

Swedbank AB Class A

     8,924         203,405  

Tele2 AB Class B

     8,615         150,252  

Telefonaktiebolaget LM Ericsson Class B

     22,379         279,479  

TeliaSonera AB(a)

     46,521         332,916  
     

 

 

 
Total Sweden               2,541,855  
Switzerland – 3.1%      

Kuehne + Nagel International AG

     952         104,052  

Novartis AG

     21,218         1,511,330  

Roche Holding AG - Genusschein

     4,964         1,158,503  

SGS S.A.

     70         172,089  

Swisscom AG

     565         262,050  
     

 

 

 
Total Switzerland               3,208,024  
Taiwan – 2.3%      

China Steel Corp.

     204,850         177,773  

Chunghwa Telecom Co., Ltd.

     87,800         270,718  

Compal Electronics, Inc.

     93,335         65,704  

Delta Electronics, Inc.

     31,000         129,588  

Formosa Chemicals & Fibre Corp.

     104,000         232,676  

Formosa Petrochemical Corp.

     89,000         233,643  

Formosa Plastics Corp.

     102,000         240,823  

HTC Corp.

     15,000         122,398  

MediaTek, Inc.

     15,000         170,554  

Mega Financial Holding Co., Ltd.

     124,750         100,751  

Nan Ya Plastics Corp.

     135,000         237,472  

Quanta Computer, Inc.

     33,000         72,616  

Taiwan Cement Corp.

     59,000         72,609  

Taiwan Mobile Co., Ltd.

     29,800         100,654  

United Microelectronics Corp.

     269,000         99,854  

Wistron Corp.

     56,338         61,609  
     

 

 

 
Total Taiwan               2,389,442  
Thailand – 0.8%      

Advanced Info Service PCL

     27,100         218,392  

PTT Global Chemical PCL

     52,210         123,906  

PTT PCL

     25,600         283,230  

Shin Corp. PCL NVDR

     61,201         166,143  
     

 

 

 
Total Thailand               791,671  
Turkey – 0.5%      

Arcelik A.S.

     5,456       $ 38,595  

Ford Otomotiv Sanayi A.S.

     7,683         110,394  

Tupras Turkiye Petrol Rafinerileri A.S.

     5,372         161,798  

Turk Telekomunikasyon A.S.

     53,739         238,180  
     

 

 

 
Total Turkey               548,967  
United Kingdom – 14.9%      

Admiral Group PLC

     2,929         59,241  

AstraZeneca PLC

     14,938         748,413  

Aviva PLC

     57,965         260,706  

BAE Systems PLC

     46,426         277,964  

Balfour Beatty PLC

     7,570         26,990  

Barclays PLC

     81,546         360,512  

BHP Billiton PLC

     18,160         528,063  

BP PLC

     165,329         1,154,551  

British American Tobacco PLC

     14,518         777,523  

British Land Co. PLC

     11,319         93,413  

British Sky Broadcasting Group PLC

     12,463         167,103  

BT Group PLC

     63,354         267,436  

Centrica PLC

     48,808         272,512  

Drax Group PLC

     4,081         37,893  

Fresnillo PLC

     7,608         156,650  

GlaxoSmithKline PLC

     44,862         1,048,038  

HSBC Holdings PLC

     164,576         1,755,551  

IG Group Holdings PLC

     10,001         81,093  

Imperial Tobacco Group PLC

     7,172         250,369  

Inmarsat PLC

     8,031         85,668  

J. Sainsbury PLC

     18,568         106,717  

Legal & General Group PLC

     79,068         207,345  

Man Group PLC

     76,129         103,056  

Marks & Spencer Group PLC

     20,885         123,680  

National Grid PLC

     36,221         420,749  

Old Mutual PLC

     40,762         125,461  

Pearson PLC

     6,897         123,997  

Prudential PLC

     18,616         301,049  

Reckitt Benckiser Group PLC

     4,717         337,928  

Reed Elsevier PLC

     11,320         134,245  

Rexam PLC

     13,042         104,464  

Rio Tinto PLC

     10,071         471,768  

Royal Dutch Shell PLC Class B

     25,532         847,104  

RSA Insurance Group PLC

     75,380         133,232  

Segro PLC

     18,949         73,170  

Severn Trent PLC

     3,189         82,901  

SSE PLC

     8,538         192,394  

Standard Chartered PLC

     17,033         440,589  

Standard Life PLC

     34,393         190,775  

Tesco PLC

     72,542         420,283  

TUI Travel PLC

     24,476         121,011  

Unilever PLC

     9,490         401,177  

United Utilities Group PLC

     9,948         107,023  

Vodafone Group PLC

     470,291         1,332,536  

WM Morrison Supermarkets PLC

     21,331         89,461  
     

 

 

 
Total United Kingdom               15,401,804  

 

See Notes to Financial Statements.

 

48   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Global Equity Income Fund (DEW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
United States – 14.1%      

Altria Group, Inc.

     16,904       $ 581,329  

Ameren Corp.

     2,620         91,752  

American Electric Power Co., Inc.

     3,725         181,147  

AT&T, Inc.

     49,536         1,817,476  

Avon Products, Inc.

     4,757         98,613  

Bristol-Myers Squibb Co.

     10,423         429,323  

CenturyLink, Inc.

     8,246         289,682  

Cincinnati Financial Corp.

     2,119         99,996  

ConocoPhillips

     11,589         696,499  

Consolidated Edison, Inc.

     1,967         120,046  

Diamond Offshore Drilling, Inc.(a)

     2,143         149,067  

Dominion Resources, Inc.

     3,719         216,371  

DTE Energy Co.

     1,549         105,859  

Duke Energy Corp.

     5,348         388,211  

Eli Lilly & Co.

     9,836         558,586  

Entergy Corp.

     1,574         99,540  

Exelon Corp.

     6,481         223,465  

FirstEnergy Corp.

     3,556         150,063  

Frontier Communications Corp.(a)

     38,415         152,892  

HCP, Inc.

     4,432         220,980  

Health Care REIT, Inc.

     2,540         172,491  

Hospitality Properties Trust

     3,541         97,165  

Hudson City Bancorp, Inc.

     5,499         47,511  

Integrys Energy Group, Inc.

     1,631         94,859  

Kimco Realty Corp.

     5,264         117,914  

Leggett & Platt, Inc.

     3,145         106,238  

Liberty Property Trust

     2,552         101,442  

Lockheed Martin Corp.

     2,685         259,156  

Lorillard, Inc.

     3,384         136,544  

Macerich Co. (The)

     1,817         116,978  

Mack-Cali Realty Corp.

     2,671         76,417  

Merck & Co., Inc.

     23,761         1,050,949  

New York Community Bancorp, Inc.(a)

     9,166         131,532  

Nucor Corp.

     2,944         135,866  

NYSE Euronext

     2,352         90,881  

Old Republic International Corp.

     6,494         82,539  

Paychex, Inc.

     4,756         166,793  

Pfizer, Inc.

     48,416         1,397,286  

PG&E Corp.

     3,023         134,614  

Pinnacle West Capital Corp.

     1,354         78,383  

Pitney Bowes, Inc.(a)

     6,568         97,600  

Plum Creek Timber Co., Inc.

     2,552         133,214  

PPL Corp.

     5,202         162,875  

Public Service Enterprise Group, Inc.

     3,930         134,956  

Reynolds American, Inc.

     6,229         277,128  

SCANA Corp.

     2,176         111,324  

Senior Housing Properties Trust

     4,460         119,662  

Southern Co. (The)

     5,880         275,890  

Southern Copper Corp.

     9,837         369,576  

Spectra Energy Corp.

     5,486         168,694  

Sysco Corp.

     4,322         152,005  

Verizon Communications, Inc.

     21,970         1,079,826  

Waste Management, Inc.

     3,533         138,529  

Windstream Corp.

     11,730       $ 93,254  
     

 

 

 
Total United States               14,580,988  
TOTAL COMMON STOCKS
(Cost: $92,784,590)
              102,835,204  
EXCHANGE-TRADED FUNDS – 0.2%      
United States – 0.2%      

WisdomTree DEFA Equity Income Fund(b)

     3,032         126,313  

WisdomTree Equity Income Fund(a)(b)

     832         42,590  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $167,416)
              168,903  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.7%      
United States – 5.7%      

Dreyfus Institutional Preferred Money Market Fund 0.09%(c)

     
(Cost: $5,952,460)(d)      5,952,460         5,952,460  
TOTAL INVESTMENTS IN SECURITIES – 105.3% (Cost: $98,904,466)         108,956,567  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (5.3)%

        (5,483,524
     

 

 

 
NET ASSETS – 100.0%             $ 103,473,043  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depository Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $5,671,067 and the total market value of the collateral held by the Fund was $5,952,460.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      49   


Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Austria – 1.9%      

Austriamicrosystems AG

     747       $ 84,486  

CAT Oil AG

     21,304         254,688  

POLYTEC Holding AG

     8,707         71,780  

RHI AG

     13,025         422,400  

Wienerberger AG

     14,458         172,436  

Zumtobel AG

     14,733         170,268  
     

 

 

 
Total Austria               1,176,058  
Belgium – 2.9%      

Arseus N.V.

     8,706         228,171  

Barco N.V.

     1,993         174,666  

EVS Broadcast Equipment S.A.

     4,205         270,306  

Exmar N.V.(a)

     54,846         542,998  

Melexis N.V.

     8,851         165,823  

Recticel S.A.

     10,252         81,225  

Tessenderlo Chemie N.V.

     11,819         314,918  
     

 

 

 
Total Belgium               1,778,107  
Denmark – 0.5%      

D/S Norden

     6,386         205,698  

NKT Holding A/S(a)

     2,452         91,061  
     

 

 

 
Total Denmark               296,759  
Finland – 5.2%      

Alma Media Oyj(a)

     26,305         124,979  

Citycon Oyj(a)

     76,151         218,062  

F-Secure Oyj

     40,853         89,181  

HKScan Oyj Class A

     21,962         106,037  

Lassila & Tikanoja Oyj*

     13,673         220,171  

Oriola-KD Oyj Class B

     34,473         108,896  

PKC Group Oyj

     6,982         162,187  

Raisio PLC Class V(a)

     37,649         146,002  

Ramirent Oyj(a)

     28,130         266,578  

Rautaruukki Oyj(a)

     82,860         526,895  

Stockmann Oyj Abp Class B(a)

     10,322         161,970  

Tieto Oyj(a)

     23,369         495,134  

Tikkurila Oyj

     13,877         292,239  

Uponor Oyj(a)

     18,438         250,968  
     

 

 

 
Total Finland               3,169,299  
France – 7.0%      

Akka Technologies

     2,477         68,703  

Alten Ltd.

     9,012         357,584  

April

     16,026         251,681  

Assystem

     4,219         88,307  

Beneteau S.A.*

     14,960         152,144  

Derichebourg S.A.*

     56,040         221,784  

Faiveley Transport

     2,746         174,085  

GL Events S.A.

     5,958         129,526  

Groupe Steria SCA

     3,609         48,846  

LaCie S.A.*(a)

     16,965         98,031  

Medica S.A.

     7,887         144,117  

Mersen

     4,325         100,745  

Nexans S.A.

     5,677         261,268  

Nexity S.A.

     31,676       $ 1,092,127  

Plastic Omnium S.A.

     12,093         560,583  

Saft Groupe S.A.

     5,619         145,029  

Sechilienne-Sidec

     15,319         272,051  

Trigano S.A.*

     5,497         66,140  
     

 

 

 
Total France               4,232,751  
Germany – 10.5%      

Bauer AG(a)

     4,720         120,704  

BayWa AG

     4,361         205,938  

Bechtle AG

     3,442         160,154  

Bertrandt AG

     2,079         242,937  

Comdirect Bank AG(a)

     68,604         721,228  

CompuGroup Medical AG

     10,912         240,798  

Delticom AG(a)

     3,285         151,162  

Drillisch AG

     29,988         548,925  

Duerr AG

     3,175         346,587  

Elmos Semiconductor AG

     4,067         45,070  

Euromicron AG(a)

     4,137         83,191  

Gildemeister AG

     8,734         183,819  

Grammer AG

     1,958         54,648  

H&R AG(a)

     6,782         85,912  

Indus Holding AG

     6,680         206,810  

Kontron AG

     13,529         73,694  

LPKF Laser & Electronics AG

     2,403         57,841  

MLP AG

     78,757         526,189  

NORMA Group

     6,922         218,525  

Pfeiffer Vacuum Technology AG

     2,359         260,662  

QSC AG

     32,030         107,513  

Sixt AG

     8,275         162,577  

SMA Solar Technology AG

     10,512         252,016  

Solarworld AG(a)

     39,189         42,875  

Takkt AG

     27,986         458,194  

Vossloh AG(a)

     2,765         276,942  

Wincor Nixdorf AG

     11,267         560,633  
     

 

 

 
Total Germany               6,395,544  
Ireland – 2.1%      

FBD Holdings PLC

     18,587         292,377  

Grafton Group PLC

     38,063         249,809  

Greencore Group PLC

     88,106         141,477  

IFG Group PLC

     20,071         36,598  

Irish Continental Group PLC

     9,789         249,515  

United Drug PLC

     68,834         283,566  
     

 

 

 
Total Ireland               1,253,342  
Italy – 13.8%      

ACEA SpA

     89,542         473,721  

Amplifon SpA

     18,350         96,138  

Ansaldo STS SpA

     28,437         284,824  

Astaldi SpA

     21,168         145,966  

Autostrada Torino-Milano SpA

     45,303         530,252  

Banca Generali SpA

     48,001         912,243  

Banca Piccolo Credito Valtellinese Scarl

     262,506         289,892  

Brembo SpA

     13,470         216,383  

 

See Notes to Financial Statements.

 

50   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Cairo Communications SpA

     62,672       $ 229,199  

Credito Emiliano SpA(a)

     86,680         444,555  

Danieli & C Officine Meccaniche SpA

     4,450         112,571  

Danieli & C Officine Meccaniche SpA RSP

     8,257         137,306  

ERG SpA

     85,882         782,995  

Esprinet SpA

     12,352         56,593  

Falck Renewables SpA

     80,799         87,828  

Geox SpA(a)

     129,039         359,898  

Immobiliare Grande Distribuzione

     277,130         296,611  

IMMSI SpA

     75,282         45,464  

Indesit Co. SpA

     48,416         380,486  

I.M.A. Industria Macchine Automatiche SpA

     12,464         292,092  

Interpump Group SpA(a)

     10,237         80,187  

Intesa Sanpaolo SpA RSP

     395,411         499,369  

Iren SpA

     303,655         226,350  

Italcementi SpA

     28,764         167,467  

Italcementi SpA RSP

     59,349         175,131  

Landi Renzo SpA*

     22,125         38,070  

MARR SpA

     21,811         239,604  

Piaggio & C. SpA(a)

     78,701         202,120  

Sogefi SpA

     41,110         116,876  

Trevi Finanziaria Industriale SpA

     15,347         105,433  

Vittoria Assicurazioni SpA

     28,263         228,098  

Zignago Vetro SpA

     27,588         171,035  
     

 

 

 
Total Italy               8,424,757  
Netherlands – 4.6%      

Accell Group N.V.

     8,593         151,169  

BE Semiconductor Industries N.V.

     8,372         72,082  

Beter Bed Holding N.V.

     12,467         228,767  

BinckBank N.V.

     40,930         384,411  

Brunel International N.V.

     3,164         133,730  

CSM

     19,626         415,829  

Heijmans N.V. CVA

     9,140         82,157  

Koninklijke BAM Groep N.V.

     100,729         408,733  

Koninklijke Ten Cate N.V.

     6,151         144,621  

Koninklijke Wessanen N.V.

     18,036         52,573  

Sligro Food Group N.V.

     10,875         345,204  

TKH Group N.V.

     8,632         223,904  

Unit 4 N.V.

     1,461         47,587  

USG People N.V.

     12,039         103,314  
     

 

 

 
Total Netherlands               2,794,081  
Norway – 5.8%      

Atea ASA

     51,472         571,421  

Austevoll Seafood ASA

     53,842         326,791  

Cermaq ASA*

     34,707         551,920  

Copeinca ASA

     34,617         359,079  

Kvaerner ASA

     150,377         311,969  

SpareBank 1 SMN(a)

     50,402         400,105  

SpareBank 1 SR Bank ASA

     57,999         497,205  

Tomra Systems ASA

     19,341         189,016  

Veidekke ASA

     40,911         326,166  
     

 

 

 
Total Norway               3,533,672  
Portugal – 4.3%      

Altri, SGPS, S.A.

     45,984       $ 113,254  

Mota-Engil, SGPS, S.A.

     140,772         335,862  

REN - Redes Energeticas Nacionais S.A.(a)

     141,857         409,857  

Sonae

     955,249         858,644  

Sonaecom, SGPS, S.A.

     120,127         259,611  

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.(a)

     146,743         620,697  
     

 

 

 
Total Portugal               2,597,925  
Spain – 5.3%      

Abengoa S.A.(a)

     92,079         261,898  

Almirall S.A.

     46,336         580,125  

Antena 3 de Television S.A.(a)

     175,256         956,446  

Caja de Ahorros del Mediterraneo*(a)

     7,768         13,366  

Cie Automotive S.A.

     23,149         151,601  

Duro Felguera S.A.

     87,369         597,975  

Faes Farma S.A.

     39,032         100,493  

Grupo Empresarial Ence S.A.

     73,582         208,815  

Melia Hotels International S.A.

     18,224         124,028  

Papeles y Cartones de Europa S.A.(a)

     42,557         147,275  

Pescanova S.A.

     3,781         28,694  

Tubos Reunidos S.A.

     35,316         77,547  
     

 

 

 
Total Spain               3,248,263  
Sweden – 10.6%      

AarhusKarlshamn AB

     5,151         260,640  

Acando AB

     34,100         89,157  

AF AB Class B

     6,531         193,359  

B&B Tools AB Class B

     7,461         97,537  

Bilia AB Class A

     13,710         247,758  

BillerudKorsnas AB

     45,497         438,736  

BioGaia AB Class B

     3,077         104,113  

Byggmax Group AB

     15,369         86,276  

Clas Ohlson AB Class B(a)

     10,559         141,285  

Concentric AB(a)

     10,625         113,571  

Duni AB

     10,629         101,353  

Fabege AB(a)

     60,402         618,698  

Gunnebo AB

     13,073         63,736  

Haldex AB(a)

     17,919         106,930  

Hexpol AB

     3,289         189,186  

Hoganas AB Class B

     9,084         449,869  

Husqvarna AB Class A

     29,554         174,997  

Industrial & Financial Systems Class B

     3,687         66,062  

Intrum Justitia AB

     18,901         366,276  

Kungsleden AB

     60,794         392,702  

Lagercrantz Group AB Class B

     4,957         67,280  

Loomis AB Class B

     25,099         467,084  

Mekonomen AB(a)

     6,898         232,868  

MQ Holding AB

     6,554         16,632  

New Wave Group AB Class B

     17,112         95,798  

Nolato AB Class B

     8,618         133,869  

Proffice AB Class B

     19,134         72,981  

Skandinaviska Enskilda Banken AB Class C

     10,874         105,863  

SSAB AB Class B

     23,081         151,862  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      51   


Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Svenska Handelsbanken AB Class B

     4,562       $ 188,739  

SWECO AB Class B

     17,748         210,181  

Transmode Holding AB

     3,028         37,256  

Wihlborgs Fastigheter AB

     22,269         367,325  
     

 

 

 
Total Sweden               6,449,979  
Switzerland – 0.4%      

Highlight Communications AG

     17,412         98,938  

Mobilezone Holding AG

     14,375         147,249  
     

 

 

 
Total Switzerland               246,187  
United Kingdom – 24.5%      

A.G.BARR PLC

     9,171         75,895  

Abcam PLC

     8,138         55,298  

Avocet Mining PLC

     36,364         10,491  

Berendsen PLC

     30,013         357,750  

Betfair Group PLC

     5,761         61,672  

Bodycote PLC

     23,193         188,765  

Brammer PLC

     11,267         63,515  

Brewin Dolphin Holdings PLC

     67,954         213,077  

Britvic PLC

     55,110         371,882  

Cable & Wireless Communications PLC

     1,869,619         1,190,645  

Carphone Warehouse Group PLC

     88,905         272,021  

Chemring Group PLC

     36,177         142,881  

Chesnara PLC

     59,798         213,381  

Chime Communications PLC

     12,177         48,352  

Cineworld Group PLC

     28,888         122,383  

Clarkson PLC

     1,452         34,284  

Computacenter PLC

     25,680         210,567  

Consort Medical PLC

     5,507         65,057  

Costain Group PLC

     14,969         62,223  

Cranswick PLC

     5,909         88,469  

CSR PLC

     16,997         124,477  

Dairy Crest Group PLC

     36,920         240,278  

Darty PLC

     245,615         160,370  

Dechra Pharmaceuticals PLC

     6,059         68,956  

Development Securities PLC

     36,374         83,124  

Devro PLC

     17,862         95,200  

Dialight PLC

     1,075         21,139  

Dignity PLC

     4,630         99,832  

Diploma PLC

     13,276         112,991  

Domino Printing Sciences PLC

     14,799         143,593  

Domino’s Pizza Group PLC

     14,740         134,851  

E2V Technologies PLC

     20,783         37,870  

F&C Asset Management PLC

     140,231         222,303  

Fenner PLC

     18,052         106,629  

Fiberweb PLC

     32,780         41,562  

Fidessa Group PLC

     8,445         249,414  

Fortune Oil PLC

     672,497         81,182  

Galliford Try PLC

     10,627         148,134  

Genus PLC

     3,345         80,150  

Go-Ahead Group PLC

     10,121         226,067  

Greggs PLC

     10,702         77,482  

Halfords Group PLC

     72,560         355,547  

Hargreaves Services PLC

     12,546         158,691  

Headlam Group PLC

     15,963       $ 84,412  

Helical Bar PLC

     32,178         115,678  

Hill & Smith Holdings PLC

     16,942         114,736  

Hogg Robinson Group PLC

     32,725         28,324  

Homeserve PLC

     95,768         291,565  

Howden Joinery Group PLC

     6,267         22,715  

Huntsworth PLC

     85,227         67,942  

Interserve PLC

     33,982         257,639  

ITE Group PLC

     32,891         136,295  

James Fisher & Sons PLC

     16,433         258,260  

James Halstead PLC

     23,127         104,386  

JD Sports Fashion PLC

     7,331         77,254  

JD Wetherspoon PLC

     16,616         135,614  

John Menzies PLC

     9,313         101,040  

Kcom Group PLC

     104,251         128,540  

Keller Group PLC

     15,142         187,388  

Kier Group PLC

     8,317         148,011  

Laird PLC

     44,731         147,594  

Lookers PLC

     55,068         82,782  

Low & Bonar PLC

     35,202         40,758  

LSL Property Services PLC

     19,443         99,420  

Marshalls PLC

     33,463         63,515  

Marston’s PLC

     135,020         290,105  

May Gurney Integrated Services PLC

     10,619         40,150  

Mears Group PLC

     11,256         58,411  

Mecom Group PLC

     95,474         124,676  

Micro Focus International PLC

     24,463         254,635  

Moneysupermarket.com Group PLC

     149,249         448,722  

Morgan Crucible Co., PLC

     36,153         155,028  

Morgan Sindall Group PLC

     11,205         94,429  

N. Brown Group PLC

     62,484         387,106  

NCC Group PLC

     19,523         41,799  

Novae Group PLC

     26,461         182,818  

Oxford Instruments PLC

     1,935         48,627  

Pace PLC

     28,283         104,531  

Petropavlovsk PLC

     23,445         79,424  

Premier Farnell PLC

     96,116         325,609  

Rank Group PLC

     26,956         67,537  

Restaurant Group PLC

     25,277         179,589  

RPC Group PLC

     18,586         112,182  

RPS Group PLC

     23,537         95,532  

RWS Holdings PLC

     5,079         49,821  

Savills PLC

     21,155         174,427  

SDL PLC

     1,957         11,705  

Senior PLC

     32,436         117,418  

Shanks Group PLC

     70,258         83,746  

SIG PLC

     58,378         140,412  

Smiths News PLC

     62,022         174,228  

Spirit Pub Co. PLC

     23,339         20,820  

ST Modwen Properties PLC

     25,736         100,628  

Sthree PLC

     42,797         225,336  

Synergy Health PLC

     3,481         53,809  

Telecom Plus PLC

     8,714         132,450  

TT electronics PLC

     18,099         48,369  

 

See Notes to Financial Statements.

 

52   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Tullett Prebon PLC

     59,838       $ 235,512  

Vitec Group PLC (The)

     4,924         48,936  

WH Smith PLC(a)

     27,125         307,468  

WS Atkins PLC

     16,943         234,631  

Yule Catto & Co. PLC

     20,616         67,242  
     

 

 

 
Total United Kingdom               14,930,186  
TOTAL COMMON STOCKS
(Cost: $56,238,818)
              60,526,910  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.7%      
United States – 9.7%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $5,870,668)(c)      5,870,668         5,870,668  
TOTAL INVESTMENTS IN SECURITIES – 109.1% (Cost: $62,109,486)         66,397,578  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (9.1)%

        (5,523,100
     

 

 

 
NET ASSETS – 100.0%             $ 60,874,478  

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 $28,694, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $5,477,979 and the total market value of the collateral held by the Fund was $5,870,668.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      53   


Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Japan – 99.4%      
Agriculture – 3.1%      

Japan Tobacco, Inc.(a)

     5,523,005       $ 176,522,336  
Apparel – 0.1%      

Asics Corp.

     192,892         3,175,886  

Descente Ltd.

     192,481         1,289,758  
     

 

 

 
Total Apparel               4,465,644  
Auto Manufacturers – 12.2%      

Daihatsu Motor Co., Ltd.(a)

     2,519,000         52,191,151  

Fuji Heavy Industries Ltd.

     2,259,000         35,655,775  

Hino Motors Ltd.

     2,133,000         23,049,649  

Honda Motor Co., Ltd.(a)

     5,813,177         222,584,952  

Isuzu Motors Ltd.

     3,809,191         22,971,828  

Nissan Motor Co., Ltd.(a)

     16,266,500         156,921,033  

Suzuki Motor Corp.

     576,236         12,864,490  

Toyota Motor Corp.(a)

     3,107,817         159,489,652  
     

 

 

 
Total Auto Manufacturers               685,728,530  
Auto Parts & Equipment – 6.0%      

Aisin Seiki Co., Ltd.

     772,508         28,305,574  

Akebono Brake Industry Co., Ltd.(a)

     506,800         2,280,115  

Bridgestone Corp.

     1,318,268         44,166,605  

Denso Corp.

     2,218,614         93,799,092  

Exedy Corp.(a)

     248,700         5,816,755  

FCC Co., Ltd.

     242,500         5,862,609  

JTEKT Corp.(a)

     776,778         7,311,727  

Keihin Corp.(a)

     251,000         3,451,851  

Koito Manufacturing Co., Ltd.

     71,501         1,228,187  

KYB Co., Ltd.

     320,000         1,586,045  

Musashi Seimitsu Industry Co., Ltd.

     26,900         610,271  

NGK Insulators Ltd.(a)

     2,140,012         22,738,481  

NGK Spark Plug Co., Ltd.(a)

     459,000         7,015,348  

NHK Spring Co., Ltd.

     161,300         1,679,565  

Nifco, Inc.(a)

     265,000         6,040,151  

Nissin Kogyo Co., Ltd.

     245,700         4,084,547  

NOK Corp.(a)

     247,800         3,565,980  

Riken Corp.

     179,000         750,117  

Sanden Corp.(a)

     164,000         675,048  

Stanley Electric Co., Ltd.

     762,926         13,169,846  

Sumitomo Electric Industries Ltd.

     2,303,700         28,153,066  

Sumitomo Rubber Industries Ltd.

     1,032,396         17,239,542  

Takata Corp.

     7,800         156,962  

Tokai Rika Co., Ltd.

     257,614         4,786,765  

Toyo Tire & Rubber Co., Ltd.

     627,000         2,800,893  

Toyoda Gosei Co., Ltd.

     512,240         12,263,904  

Toyota Boshoku Corp.(a)

     482,500         6,794,618  

TS Tech Co., Ltd.

     246,800         6,998,179  

Unipres Corp.

     5,600         125,556  

Yokohama Rubber Co., Ltd. (The)

     477,917         5,510,126  
     

 

 

 
Total Auto Parts & Equipment               338,967,525  
Banks – 5.8%      

Mitsubishi UFJ Financial Group, Inc.(a)

     54,432,913         326,528,004  
Beverages – 1.4%      

Kirin Holdings Co., Ltd.

     4,778,274       $ 76,791,874  
Building Materials – 1.6%      

Asahi Glass Co., Ltd.

     8,062,194         55,823,105  

Central Glass Co., Ltd.

     166,000         575,580  

Daikin Industries Ltd.

     759,520         29,768,466  

Fujitec Co., Ltd.

     38,000         379,919  

Rinnai Corp.

     12,800         910,785  

Sanwa Holdings Corp.

     394,831         2,045,125  
     

 

 

 
Total Building Materials               89,502,980  
Chemicals – 8.5%      

ADEKA Corp.

     258,800         2,229,611  

Asahi Kasei Corp.

     7,988,288         53,782,028  

Chugoku Marine Paints Ltd.

     90,000         479,579  

Daicel Corp.

     2,424,000         18,898,022  

Denki Kagaku Kogyo K.K.

     3,387,000         12,176,197  

DIC Corp.

     4,335,715         9,269,078  

Hitachi Chemical Co., Ltd.(a)

     794,615         12,119,527  

JSR Corp.(a)

     793,817         16,210,685  

Kaneka Corp.

     2,559,925         14,757,279  

Kansai Paint Co., Ltd.(a)

     81,000         897,703  

Kuraray Co., Ltd.(a)

     1,792,136         25,179,873  

Kureha Corp.

     186,000         660,753  

Lintec Corp.

     250,300         4,765,337  

Mitsubishi Chemical Holdings Corp.(a)

     6,063,663         28,764,026  

Mitsubishi Gas Chemical Co., Inc.

     2,447,109         16,137,073  

Mitsui Chemicals, Inc.(a)

     5,084,000         11,031,015  

Nihon Nohyaku Co., Ltd.

     30,000         203,574  

Nihon Parkerizing Co., Ltd.

     13,000         226,760  

Nippon Carbon Co., Ltd.

     1,848,000         4,324,186  

Nippon Paint Co., Ltd.

     106,000         1,059,774  

Nippon Shokubai Co., Ltd.

     191,000         1,680,036  

Nippon Soda Co., Ltd.

     44,000         206,850  

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

     37,000         314,433  

Nissan Chemical Industries Ltd.

     797,265         9,573,625  

Nitto Denko Corp.

     769,667         46,088,334  

Sakata INX Corp.

     94,000         607,871  

Sanyo Chemical Industries Ltd.

     120,000         658,583  

Shin-Etsu Chemical Co., Ltd.

     1,339,060         88,444,614  

Showa Denko K.K.(a)

     4,928,181         7,390,699  

Sumitomo Bakelite Co., Ltd.

     417,000         1,747,479  

Sumitomo Chemical Co., Ltd.

     7,800,010         24,390,586  

Taiyo Holdings Co., Ltd.

     245,700         7,110,718  

Taiyo Nippon Sanso Corp.(a)

     2,480,022         17,198,195  

Takasago International Corp.

     28,000         155,456  

Tosoh Corp.

     4,735,370         13,497,970  

Toyo Ink SC Holdings Co., Ltd.

     2,554,000         12,142,502  

Ube Industries Ltd.(a)

     5,170,241         10,173,310  

Zeon Corp.(a)

     203,000         2,115,933  
     

 

 

 
Total Chemicals               476,669,274  
Computers – 0.9%      

Fujitsu Ltd.

     8,324,000         34,616,932  

 

See Notes to Financial Statements.

 

54   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

TDK Corp.(a)

     441,964       $ 15,441,946  
     

 

 

 
Total Computers               50,058,878  
Cosmetics/Personal Care – 2.1%      

Kao Corp.

     2,120,262         68,555,589  

Mandom Corp.

     13,900         493,789  

Pigeon Corp.

     16,400         1,149,500  

Shiseido Co., Ltd.(a)

     2,366,163         33,144,402  

Unicharm Corp.(a)

     257,000         14,678,685  
     

 

 

 
Total Cosmetics/Personal Care               118,021,965  
Distribution/Wholesale – 9.3%      

Ai Holdings Corp.

     263,411         2,426,228  

Hakuto Co., Ltd.

     173,300         1,690,237  

Hitachi High-Technologies Corp.

     243,400         5,079,247  

Inabata & Co., Ltd.

     503,400         3,742,572  

ITOCHU Corp.(a)

     10,876,643         132,921,323  

Japan Pulp & Paper Co., Ltd.(a)

     57,000         181,876  

Marubeni Corp.

     8,235,278         62,714,944  

Mitsui & Co., Ltd.(a)

     12,531,818         175,674,709  

Nagase & Co., Ltd.

     116,300         1,437,360  

Sojitz Corp.

     6,017,300         9,408,032  

Sumitomo Corp.(a)

     8,109,314         102,034,870  

Toyota Tsusho Corp.

     1,056,910         26,956,713  
     

 

 

 
Total Distribution/Wholesale               524,268,111  
Diversified Financial Services – 1.4%      

Hitachi Capital Corp.

     528,300         11,563,937  

Nomura Holdings, Inc.

     11,033,400         68,063,944  
     

 

 

 
Total Diversified Financial Services               79,627,881  
Electrical Components & Equipment – 3.0%   

Brother Industries Ltd.

     1,047,309         10,771,621  

Casio Computer Co., Ltd.(a)

     1,530,600         11,932,884  

Fujikura Ltd.

     1,878,000         5,932,419  

GS Yuasa Corp.(a)

     2,483,000         10,352,436  

Hitachi Ltd.

     11,007,000         63,920,676  

Mitsubishi Electric Corp.

     5,817,000         47,082,929  

Nidec Corp.(a)

     269,040         16,081,736  

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

     16,432         98,571  

Ushio, Inc.

     535,700         5,464,117  
     

 

 

 
Total Electrical Components & Equipment               171,637,389  
Electronics – 5.1%      

Advantest Corp.(a)

     264,800         3,717,677  

Alps Electric Co., Ltd.

     769,800         5,043,574  

Anritsu Corp.

     360,000         5,617,103  

Dainippon Screen Manufacturing Co., Ltd.

     15,000         67,486  

enplas Corp.

     31,700         1,461,599  

Fujitsu General Ltd.

     231,000         1,953,255  

Hamamatsu Photonics K.K.

     260,600         10,297,054  

Horiba Ltd.

     9,200         290,032  

Hoya Corp.

     1,349,057         25,339,658  

Ibiden Co., Ltd.

     473,401         7,381,471  

IDEC Corp.

     260,500         2,332,918  

Japan Aviation Electronics Industry Ltd.(a)

     19,000         144,693  

Keyence Corp.

     11,310         3,464,454  

KOA Corp.

     249,800       $ 2,380,566  

Kuroda Electric Co., Ltd.

     249,600         2,978,634  

Kyocera Corp.

     512,025         46,780,416  

Minebea Co., Ltd.(a)

     1,852,000         6,342,735  

Murata Manufacturing Co., Ltd.

     628,300         47,312,955  

Nichicon Corp.(a)

     244,700         2,089,918  

Nidec Copal Corp.(a)

     250,800         1,715,214  

Nihon Dempa Kogyo Co., Ltd.

     3,300         33,835  

Nippon Electric Glass Co., Ltd.

     2,555,018         12,690,847  

Ryosan Co., Ltd.

     233,200         4,519,149  

Sanshin Electronics Co., Ltd.

     254,600         1,711,415  

Sanyo Denki Co., Ltd.

     32,000         232,121  

SMK Corp.

     33,000         93,363  

Sodick Co., Ltd.

     262,700         1,623,364  

Star Micronics Co., Ltd.(a)

     271,000         2,677,717  

Taiyo Yuden Co., Ltd.(a)

     10,000         126,569  

Tokyo Seimitsu Co., Ltd.

     9,600         200,025  

Toshiba Corp.(a)

     15,562,000         78,786,556  

Yaskawa Electric Corp.(a)

     422,000         4,223,591  

Yokogawa Electric Corp.

     445,400         4,453,052  
     

 

 

 
Total Electronics               288,083,016  
Engineering & Construction – 0.4%      

Chiyoda Corp.(a)

     805,000         8,990,109  

JGC Corp.

     502,018         12,846,791  

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

     1,201,500         3,079,786  

Toyo Engineering Corp.

     34,000         148,266  
     

 

 

 
Total Engineering & Construction               25,064,952   
Environmental Control – 0.1%      

Hitachi Zosen Corp.

     3,990,000         6,662,731  
Food – 0.9%      

Ajinomoto Co., Inc.

     2,416,433         35,493,448  

Fuji Oil Co., Ltd.

     249,300         3,850,070  

Kikkoman Corp.(a)

     88,000         1,534,993  

Nisshin Oillio Group Ltd. (The)

     100,000         366,943  

Yakult Honsha Co., Ltd.(a)

     240,700         9,702,755  
     

 

 

 
Total Food               50,948,209  
Hand/Machine Tools – 1.0%      

Asahi Diamond Industrial Co., Ltd.

     29,500         286,779  

Disco Corp.

     2,700         153,350  

Fuji Electric Co., Ltd.

     2,447,000         7,157,254  

Hitachi Koki Co., Ltd.

     1,026,796         8,452,883  

Makita Corp.(a)

     517,265         22,941,875  

OSG Corp.(a)

     248,100         3,411,969  

SMC Corp.(a)

     35,120         6,790,913  

THK Co., Ltd.

     243,400         4,804,833  

Union Tool Co.

     229,500         4,706,190  
     

 

 

 
Total Hand/Machine Tools               58,706,046  
Healthcare-Products – 0.8%      

ASAHI INTECC Co., Ltd.

     48,894         2,581,990  

Nipro Corp.(a)

     1,462,600         13,067,262  

Shimadzu Corp.

     271,000         1,922,538  

Sysmex Corp.

     239,200         14,552,478  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      55   


Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Terumo Corp.

     303,228       $ 12,981,203  
     

 

 

 
Total Healthcare-Products               45,105,471  
Home Furnishings – 0.7%      

Foster Electric Co., Ltd.

     7,600         104,356  

Hoshizaki Electric Co., Ltd.

     242,841         7,097,714  

JVCKENWOOD Corp.(a)

     561,500         1,510,950  

Sony Corp.(a)

     1,780,821         30,778,921  
     

 

 

 
Total Home Furnishings               39,491,941  
Housewares – 0.1%      

Noritake Co., Ltd.(a)

     2,250,000         5,552,010  
Internet – 0.4%      

Trend Micro, Inc.

     781,818         21,877,932  
Iron/Steel – 1.5%      

Daido Metal Co., Ltd.(a)

     10,000         81,366  

Hitachi Metals Ltd.(a)

     521,018         4,970,784  

Japan Steel Works Ltd. (The)(a)

     2,396,018         12,640,129  

JFE Holdings, Inc.(a)

     1,241,716         23,838,517  

Nippon Steel Corp.

     12,898,010         32,649,717  

Topy Industries Ltd.

     51,000         118,251  

Yamato Kogyo Co., Ltd.

     253,840         6,930,518  

Yodogawa Steel Works Ltd.

     227,000         852,276  
     

 

 

 
Total Iron/Steel               82,081,558  
Leisure Time – 0.1%      

Dunlop Sports Co., Ltd.

     157,660         1,775,813  

Mizuno Corp.

     42,000         190,300  

Yamaha Corp.

     354,100         3,434,793  
     

 

 

 
Total Leisure Time               5,400,906  
Machinery-Construction & Mining – 1.5%      

Hitachi Construction Machinery Co., Ltd.(a)

     538,700         11,516,560  

Komatsu Ltd.

     2,949,406         70,049,177  
     

 

 

 
Total Machinery-Construction & Mining               81,565,737  
Machinery-Diversified – 4.8%      

Amada Co., Ltd.(a)

     2,458,014         16,235,127  

Daifuku Co., Ltd.

     121,000         984,524  

Daihen Corp.

     73,000         215,071  

Ebara Corp.

     992,000         3,946,054  

FANUC Corp.

     513,127         78,535,392  

IHI Corp.(a)

     5,243,690         15,895,040  

Kawasaki Heavy Industries Ltd.(a)

     5,223,355         16,444,513  

Kubota Corp.

     4,505,954         65,082,807  

Makino Milling Machine Co., Ltd.(a)

     70,000         434,057  

Mitsubishi Heavy Industries Ltd.

     9,072,016         52,297,731  

Nabtesco Corp.(a)

     56,200         1,148,866  

Nippon Thompson Co., Ltd.

     51,000         259,285  

OKUMA Corp.(a)

     168,000         1,240,077  

Sumitomo Heavy Industries Ltd.

     2,610,000         10,298,979  

Torishima Pump Manufacturing Co., Ltd.(a)

     240,000         1,940,013  

TOYO KANESTU K.K.(a)

     1,317,000         4,958,711  

Tsubakimoto Chain Co.(a)

     104,000         533,163  

Tsugami Corp.

     19,000         109,126  
     

 

 

 
Total Machinery-Diversified               270,558,536  
Metal Fabricate/Hardware – 0.4%      

Hanwa Co., Ltd.

     248,000       $ 883,642  

MISUMI Group, Inc.

     26,100         720,096  

Nippon Steel Trading Co., Ltd.

     54,000         172,878  

NSK Ltd.(a)

     2,503,000         18,981,483  

Oiles Corp.

     12,000         227,696  

Ryobi Ltd.

     222,000         550,159  
     

 

 

 
Total Metal Fabricate/Hardware               21,535,954  
Mining – 0.8%      

Mitsubishi Materials Corp.

     2,561,000         7,218,304  

Mitsui Mining & Smelting Co., Ltd.

     256,000         590,853  

OSAKA Titanium Technologies Co.(a)

     15,500         313,726  

Sumitomo Light Metal Industries, Ltd.

     2,440,000         2,491,385  

Sumitomo Metal Mining Co., Ltd.

     2,551,000         36,031,993  
     

 

 

 
Total Mining               46,646,261  
Miscellaneous Manufacturing – 1.5%      

Amano Corp.

     267,233         2,546,700  

FUJIFILM Holdings Corp.

     1,864,302         36,762,560  

Konica Minolta Holdings, Inc.

     2,513,032         18,309,157  

Nikkiso Co., Ltd.

     14,000         166,624  

Nikon Corp.(a)

     916,800         21,501,213  

Shin-Etsu Polymer Co., Ltd.

     310,800         1,213,184  

Tokai Rubber Industries Ltd.

     251,200         2,885,514  

Toyo Tanso Co., Ltd.

     2,400         58,788  
     

 

 

 
Total Miscellaneous Manufacturing               83,443,740  
Office/Business Equipment – 5.9%      

Canon, Inc.

     6,963,556         255,522,955  

Ricoh Co., Ltd.(a)

     4,569,008         49,470,859  

RISO KAGAKU Corp.

     77,677         1,551,557  

Sato Holdings Corp.(a)

     247,800         4,475,265  

Seiko Epson Corp.(a)

     779,900         7,548,490  

Toshiba TEC Corp.

     2,146,000         12,690,661  
     

 

 

 
Total Office/Business Equipment               331,259,787  
Packaging & Containers – 0.1%      

Fuji Seal International, Inc.

     218,700         5,538,446  
Pharmaceuticals – 13.2%      

Astellas Pharma, Inc.(a)

     2,625,470         141,298,428  

Daiichi Sankyo Co., Ltd.(a)

     5,480,329         105,503,037  

Dainippon Sumitomo Pharma Co., Ltd.(a)

     1,533,408         27,106,191  

Eisai Co., Ltd.(a)

     1,844,413         82,490,498  

Kyowa Hakko Kirin Co., Ltd.

     2,828,022         32,003,993  

Shionogi & Co., Ltd.(a)

     2,323,247         46,973,969  

Takeda Pharmaceutical Co., Ltd.(a)

     5,596,458         305,953,990  
     

 

 

 
Total Pharmaceuticals               741,330,106  
Retail – 2.1%      

Citizen Holdings Co., Ltd.

     848,600         4,323,329  

Seven & I Holdings Co., Ltd.

     3,316,336         109,874,353  

Shimamura Co., Ltd.

     33,100         3,865,539  
     

 

 

 
Total Retail               118,063,221  
Semiconductors – 0.8%      

Rohm Co., Ltd.

     493,500         17,085,115  

 

See Notes to Financial Statements.

 

56   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Shinko Electric Industries Co., Ltd.(a)

     507,400       $ 4,204,048  

Tokyo Electron Ltd.

     518,900         22,020,964  
     

 

 

 
Total Semiconductors               43,310,127  
Shipbuilding – 0.2%      

Mitsui Engineering & Shipbuilding Co., Ltd.

     5,243,000         9,480,004  

Sasebo Heavy Industries Co., Ltd.*

     2,446,000         3,043,842  
     

 

 

 
Total Shipbuilding               12,523,846  
Software – 0.1%      

Capcom Co., Ltd.(a)

     273,000         4,387,396  

Square Enix Holdings Co., Ltd.(a)

     264,800         2,836,137  
     

 

 

 
Total Software               7,223,533  
Telecommunications – 0.0%      

Hitachi Kokusai Electric, Inc.

     77,000         680,568  
Textiles – 1.1%      

Kurabo Industries Ltd.(a)

     1,117,000         2,090,959  

Nisshinbo Holdings, Inc.

     210,000         1,458,519  

Seiren Co., Ltd.(a)

     258,900         1,665,970  

Teijin Ltd.

     4,121,000         9,511,349  

Toray Industries, Inc.

     5,524,853         37,372,969  

Toyobo Co., Ltd.(a)

     4,939,000         8,405,020  
     

 

 

 
Total Textiles               60,504,786  
Toys/Games/Hobbies – 0.2%      

Sanrio Co., Ltd.(a)

     282,177         12,500,183  

Tomy Co., Ltd.(a)

     254,500         1,288,471  
     

 

 

 
Total Toys/Games/Hobbies               13,788,654  
Transportation – 0.2%      

Nippon Yusen K.K.(a)

     4,875,014         12,496,047  
TOTAL COMMON STOCKS
(Cost: $5,339,966,272)
              5,598,234,512  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 23.8%      
United States – 23.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $1,339,844,620)(c)      1,339,844,620         1,339,844,620   
TOTAL INVESTMENTS IN SECURITIES – 123.2%
(Cost: $6,679,810,892)
         6,938,079,132  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (23.2)%

        (1,305,446,540
     

 

 

 
NET ASSETS – 100.0%             $ 5,632,632,592  

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $1,382,560,401 and the total market value of the collateral held by the Fund was $1,464,649,442 (includes non-cash U.S. Treasury securities collateral having a value of $124,804,822).

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      57   


Schedule of Investments

WisdomTree Global ex-U.S. Growth Fund (DNL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.5%      
Australia – 0.6%      

ALS Ltd.

     9,813       $ 107,114   

Iluka Resources Ltd.(a)

     25,253         246,162   

Ramsay Health Care Ltd.

     5,496         185,074   
     

 

 

 
Total Australia               538,350   
Austria – 0.2%      

Andritz AG(a)

     2,423         162,849   
Belgium – 2.7%      

Anheuser-Busch InBev N.V.

     22,643         2,246,110   

Umicore S.A.

     2,439         114,769   
     

 

 

 
Total Belgium               2,360,879   
Brazil – 8.8%      

Banco Bradesco S.A.

     45,911         801,481   

BR Malls Participacoes S.A.

     3,100         38,682   

CCR S.A.

     43,716         445,323   

Cia de Bebidas das Americas

     36,000         1,476,172   

Cia de Saneamento Basico do Estado de Sao Paulo

     6,300         301,198   

Cia Energetica de Minas Gerais

     20,400         237,048   

Cielo S.A.

     15,600         460,569   

EcoRodovias Infraestrutura e Logistica S.A.

     19,700         169,903   

Itau Unibanco Holding S.A.

     32,186         579,439   

Multiplus S.A.

     4,055         59,930   

Souza Cruz S.A.

     40,400         591,869   

Tractebel Energia S.A.

     23,100         397,993   

Ultrapar Participacoes S.A.

     8,200         207,811   

Vale S.A.

     105,300         1,822,585   

WEG S.A.

     12,200         157,556   
     

 

 

 
Total Brazil               7,747,559   
Canada – 3.1%      

Barrick Gold Corp.

     10,597         311,250   

Brookfield Asset Management, Inc. Class A(a)

     9,287         339,138   

Brookfield Office Properties, Inc.

     10,700         183,678   

Enbridge, Inc.

     13,500         628,525   

First Capital Realty, Inc.(a)

     6,500         121,241   

Intact Financial Corp.

     1,963         120,278   

Pacific Rubiales Energy Corp.

     3,400         71,752   

RioCan Real Estate Investment Trust(a)

     13,200         361,199   

Shaw Communications, Inc. Class B(a)

     14,000         346,710   

TMX Group Ltd.

     1,985         108,614   

Yamana Gold, Inc.(a)

     7,100         109,371   
     

 

 

 
Total Canada               2,701,756   
Chile – 1.5%      

Antarchile S.A.

     9,946         161,286   

Banco de Chile

     2,315,812         364,836   

Banco de Credito e Inversiones

     2,289         168,010   

Cia Cervecerias Unidas S.A.

     10,114         168,056   

Empresas Copec S.A.

     17,273         251,463   

Latam Airlines Group S.A.

     4,519         97,756   

Sociedad Matriz Banco de Chile Class B

     258,951         105,546   
     

 

 

 
Total Chile               1,316,953   
China – 2.3%      

China BlueChemical Ltd. Class H

     142,000       $ 87,988   

China CITIC Bank Corp., Ltd. Class H

     646,000         387,801   

China Merchants Bank Co., Ltd. Class H

     99,000         209,665   

China National Building Material Co., Ltd. Class H(a)

     110,000         138,445   

China Petroleum & Chemical Corp. Class H

     576,000         678,201   

Chongqing Rural Commercial Bank Co., Ltd. Class H

     350,000         187,114   

PICC Property & Casualty Co., Ltd. Class H

     230,000         295,402   

Zhuzhou CSR Times Electric Co., Ltd. Class H

     14,000         39,677   
     

 

 

 
Total China               2,024,293   
Denmark – 1.3%      

Novo Nordisk A/S Class B(a)

     7,175         1,167,923   
Finland – 0.7%      

Kone Oyj Class B

     5,471         431,002   

Nokian Renkaat Oyj

     4,055         180,684   
     

 

 

 
Total Finland               611,686   
France – 3.1%      

Bureau Veritas S.A.

     1,667         207,852   

Christian Dior S.A.

     3,399         564,786   

Cie Generale d’Optique Essilor International S.A.

     2,031         226,244   

Dassault Systemes S.A.

     1,080         125,064   

Hermes International

     756         262,936   

LVMH Moet Hennessy Louis Vuitton S.A.

     7,852         1,350,080   
     

 

 

 
Total France               2,736,962   
Germany – 5.4%      

Adidas AG

     2,355         244,767   

Bayerische Motoren Werke AG

     15,613         1,349,474   

Brenntag AG

     1,135         177,518   

Continental AG

     2,946         352,836   

GEA Group AG

     3,796         125,322   

SAP AG

     19,893         1,596,537   

Volkswagen AG

     4,874         918,464   
     

 

 

 
Total Germany               4,764,918   
Hong Kong – 12.6%      

Beijing Enterprises Holdings Ltd.

     15,500         119,405   

China Merchants Holdings International Co., Ltd.

     96,000         314,738   

China Mobile Ltd.

     560,000         5,929,934   

China Overseas Land & Investment Ltd.

     100,000         275,679   

CLP Holdings Ltd.

     65,500         573,773   

CNOOC Ltd.

     1,079,000         2,073,864   

Guangdong Investment Ltd.

     154,000         135,299   

Henderson Land Development Co., Ltd.

     46,000         314,661   

Lenovo Group Ltd.

     102,000         101,308   

SJM Holdings Ltd.

     140,000         349,520   

Sun Hung Kai Properties Ltd.

     67,000         902,810   
     

 

 

 
Total Hong Kong               11,090,991   
Indonesia – 3.8%      

Astra International Tbk PT

     889,296         722,968   

Bank Central Asia Tbk PT

     272,000         319,094   

Bank Mandiri Persero Tbk PT

     519,001         534,089   

 

See Notes to Financial Statements.

 

58   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Global ex-U.S. Growth Fund (DNL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Bank Rakyat Indonesia Persero Tbk PT

     353,989       $ 318,745   

Bukit Asam Persero Tbk

     76,500         113,363   

Gudang Garam Tbk PT

     23,000         115,858   

Indo Tambangraya Megah Tbk PT

     84,500         308,696   

Indofood Sukses Makmur Tbk PT

     258,500         198,181   

Semen Gresik Persero Tbk PT

     110,000         200,360   

Unilever Indonesia Tbk PT

     144,500         339,038   

United Tractors Tbk PT

     91,900         172,120   
     

 

 

 
Total Indonesia               3,342,512   
Italy – 0.5%      

Fiat Industrial SpA

     18,448         207,753   

Luxottica Group SpA

     5,496         276,015   
     

 

 

 
Total Italy               483,768   
Japan – 3.7%      

Electric Power Development Co., Ltd.

     3,800         96,718   

FANUC Corp.

     3,200         489,768   

Fast Retailing Co., Ltd.

     1,200         382,004   

Hitachi Ltd.

     54,000         313,593   

JGC Corp.

     4,000         102,361   

Lawson, Inc.

     2,900         222,697   

Resona Holdings, Inc.(a)

     62,800         330,632   

Softbank Corp.

     12,100         555,967   

Sumitomo Mitsui Trust Holdings, Inc.

     107,000         506,435   

TonenGeneral Sekiyu K.K.

     21,000         207,945   
     

 

 

 
Total Japan               3,208,120   
Malaysia – 4.2%      

AMMB Holdings Bhd

     62,800         132,638   

DiGi.Com Bhd

     276,100         413,727   

Genting Bhd

     104,800         124,210   

Hong Leong Bank Bhd

     25,000         116,583   

Hong Leong Financial Group Bhd

     19,200         92,636   

IOI Corp. Bhd

     142,600         214,602   

Kuala Lumpur Kepong Bhd

     28,800         192,899   

Malayan Banking Bhd

     371,500         1,127,757   

Petronas Dagangan Bhd

     35,900         271,757   

Petronas Gas Bhd

     31,600         193,896   

Public Bank Bhd

     70,800         371,320   

Sime Darby Bhd

     128,400         383,977   

YTL Corp. Bhd

     94,826         50,223   
     

 

 

 
Total Malaysia               3,686,225   
Mexico – 3.8%      

Alfa S.A.B de C.V. Class A

     65,600         160,343   

Coca-Cola Femsa S.A.B de C.V. Series L

     22,400         363,054   

Fomento Economico Mexicano S.A.B de C.V.

     35,600         400,946   

Grupo Financiero Inbursa S.A.B de C.V. Class O

     49,300         143,955   

Grupo Mexico S.A.B de C.V. Series B

     267,574         1,081,863   

Grupo Modelo S.A.B de C.V. Series C(a)

     95,900         870,076   

Industrias Penoles S.A.B. de C.V.

     6,130         291,329   
     

 

 

 
Total Mexico               3,311,566   
Netherlands – 0.2%      

ASML Holding N.V.

     2,819         189,935   
Norway – 2.8%      

Statoil ASA

     101,142       $ 2,448,564   
Philippines – 1.9%      

Aboitiz Equity Ventures, Inc.

     170,500         230,411   

Bank of The Philippine Islands

     84,600         228,032   

Globe Telecom, Inc.

     5,570         163,783   

Philippine Long Distance Telephone Co.

     8,355         611,731   

SM Investments Corp.

     9,960         272,125   

SM Prime Holdings, Inc.

     308,500         144,385   
     

 

 

 
Total Philippines               1,650,467   
Poland – 0.8%      

KGHM Polska Miedz S.A.

     13,672         663,328   
Portugal – 0.2%      

Jeronimo Martins, SGPS, S.A.

     8,505         165,949   
Russia – 1.2%      

Gazprom Neft JSC ADR(a)

     33,471         706,238   

Uralkali OJSC Reg S GDR(a)

     8,667         319,639   
     

 

 

 
Total Russia               1,025,877   
Singapore – 0.4%      

Jardine Cycle & Carriage Ltd.

     8,390         345,785   
South Africa – 4.6%      

AngloGold Ashanti Ltd.

     3,796         88,995   

Bidvest Group Ltd.

     6,280         165,898   

Exxaro Resources Ltd.(a)

     9,422         167,706   

FirstRand Ltd.

     116,969         410,532   

Foschini Group Ltd. (The)

     6,020         74,016   

Imperial Holdings Ltd.(a)

     4,842         110,953   

Kumba Iron Ore Ltd.(a)

     18,575         996,064   

Naspers Ltd. Class N

     1,832         114,390   

Sasol Ltd.

     17,665         784,315   

Shoprite Holdings Ltd.

     6,544         130,389   

Tiger Brands Ltd.

     4,188         134,207   

Truworths International Ltd.(a)

     9,683         95,168   

Vodacom Group Ltd.(a)

     54,787         656,289   

Woolworths Holdings Ltd.

     19,233         148,003   
     

 

 

 
Total South Africa               4,076,925   
South Korea – 1.9%      

Hyundai Mobis

     522         145,912   

KB Financial Group, Inc.

     5,240         174,258   

Kia Motors Corp.

     2,673         134,779   

KT&G Corp.

     4,055         275,169   

OCI Co., Ltd.

     173         24,801   

Samsung Engineering Co., Ltd.

     509         58,558   

Samsung Fire & Marine Insurance Co., Ltd.*

     784         153,263   

Samsung Life Insurance Co., Ltd.*

     3,039         284,070   

SK Holdings Co., Ltd.

     476         72,089   

SK Innovation Co., Ltd.

     1,340         195,713   

Woori Finance Holdings Co., Ltd.

     12,430         139,650   
     

 

 

 
Total South Korea               1,658,262   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      59   


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Growth Fund (DNL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Spain – 2.3%      

Amadeus IT Holding S.A. Class A

     8,767       $ 237,256   

CaixaBank

     146,465         496,520   

Inditex S.A.

     9,644         1,280,490   
     

 

 

 
Total Spain               2,014,266   
Sweden – 0.3%      

Assa Abloy AB Class B

     6,152         251,776   
Switzerland – 6.2%      

Nestle S.A.

     75,702         5,488,085   
Taiwan – 1.1%      

Catcher Technology Co., Ltd.

     15,000         67,218   

Cheng Shin Rubber Industry Co., Ltd.

     59,776         169,918   

Far EasTone Telecommunications Co., Ltd.

     100,000         226,402   

HTC Corp.

     61,550         502,239   
     

 

 

 
Total Taiwan               965,777   
Thailand – 4.0%      

Advanced Info Service PCL

     97,345         784,477   

Bangkok Bank PCL NVDR

     43,300         328,243   

Banpu PCL

     5,350         68,873   

Charoen Pokphand Foods PCL

     243,520         274,412   

CP ALL PCL

     179,356         280,196   

Indorama Ventures PCL

     125,125         97,417   

Kasikornbank PCL NVDR

     38,900         276,292   

Shin Corp. PCL NVDR

     203,600         552,713   

Siam Cement PCL NVDR

     32,575         533,925   

Siam Commercial Bank PCL

     58,700         355,788   
     

 

 

 
Total Thailand               3,552,336   
Turkey – 1.6%      

BIM Birlesik Magazalar A.S.

     3,141         153,188   

KOC Holding A.S.

     52,121         302,443   

Tupras Turkiye Petrol Rafinerileri A.S.

     17,637         531,206   

Turkiye Halk Bankasi A.S.

     14,261         152,501   

Turkiye is Bankasi Class C

     79,419         301,963   
     

 

 

 
Total Turkey               1,441,301   
United Kingdom – 10.7%      

Aberdeen Asset Management PLC

     30,878         201,238   

Aggreko PLC

     2,860         77,388   

BHP Billiton PLC

     61,563         1,790,149   

British Sky Broadcasting Group PLC

     42,708         572,625   

Burberry Group PLC

     5,422         109,417   

Drax Group PLC

     11,121         103,262   

Fresnillo PLC

     23,790         489,841   

InterContinental Hotels Group PLC

     4,519         137,718   

Intertek Group PLC

     2,355         121,332   

John Wood Group PLC

     4,371         57,511   

London Stock Exchange Group PLC

     7,427         147,285   

Next PLC

     4,798         318,086   

Royal Dutch Shell PLC Class B

     102,704         3,407,528   

SABMiller PLC

     28,229         1,484,821   

Tate & Lyle PLC

     13,882         179,173   

United Utilities Group PLC

     21,716       $ 233,626   
     

 

 

 
Total United Kingdom               9,431,000   
TOTAL COMMON STOCKS
(Cost: $80,508,365)
              86,626,943   
EXCHANGE-TRADED FUNDS & NOTES – 1.2%   
United States – 1.2%      

iPath MSCI India Index ETN*

     19,105         1,092,041   

WisdomTree DEFA Fund(b)

     84         4,038   

WisdomTree Emerging Markets Equity Income Fund(b)

     47         2,588   
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS & NOTES
(Cost: $1,064,703)
              1,098,667   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.3%      
United States – 7.3%      
Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)
(Cost: $6,399,005)(d)
     6,399,005         6,399,005   
TOTAL INVESTMENTS IN SECURITIES – 107.0%
(Cost: $87,972,073)
        94,124,615   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (7.0)%

        (6,148,001
     

 

 

 
NET ASSETS – 100.0%             $ 87,976,614   

ADR – American Depositary Receipt

ETN – Exchange Traded Note

GDR – Global Depositary Receipt

NVDR – Non-Voting Depository Receipt

 

* 

Non-income producing security.

 

(a) 

Security or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $6,087,454 and the total market value of the collateral held by the Fund was $6,399,005.

 

See Notes to Financial Statements.

 

60   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 98.7%      
Japan – 98.7%      
Advertising – 0.5%      

Asatsu-DK, Inc.(a)

     10,139       $ 282,969  

Moshi Moshi Hotline, Inc.(a)

     51,800         737,717  
     

 

 

 
Total Advertising               1,020,686  
Agriculture – 0.4%      

Hokuto Corp.(a)

     22,991         436,002  

Sakata Seed Corp.

     19,900         262,455  
     

 

 

 
Total Agriculture               698,457  
Apparel – 1.8%      

Descente Ltd.

     18,152         121,631  

Gunze Ltd.(a)

     177,503         460,654  

Japan Wool Textile Co., Ltd. (The)

     57,402         444,466  

Nagaileben Co., Ltd.

     23,100         352,077  

Onward Holdings Co., Ltd.

     122,670         1,101,186  

Sanyo Shokai Ltd.

     99,260         314,608  

Wacoal Holdings Corp.

     64,000         692,959  
     

 

 

 
Total Apparel               3,487,581  
Auto Manufacturers – 0.6%      

Kyokuto Kaihatsu Kogyo Co., Ltd.

     9,610         100,883  

Nissan Shatai Co., Ltd.

     40,923         500,112  

Shinmaywa Industries Ltd.

     71,801         567,413  
     

 

 

 
Total Auto Manufacturers               1,168,408  
Auto Parts & Equipment – 4.3%      

Aisan Industry Co., Ltd.

     12,000         115,125  

Akebono Brake Industry Co., Ltd.(a)

     82,600         371,621  

Calsonic Kansei Corp.(a)

     83,000         365,475  

EXEDY Corp.

     28,244         660,589  

FCC Co., Ltd.

     24,360         588,920  

Keihin Corp.(a)

     31,421         432,114  

KYB Co., Ltd.(a)

     103,000         510,508  

Musashi Seimitsu Industry Co., Ltd.

     16,182         367,116  

Nifco, Inc.(a)

     23,286         530,758  

Nissin Kogyo Co., Ltd.(a)

     31,200         518,673  

Pacific Industrial Co., Ltd.

     34,000         203,595  

Press Kogyo Co., Ltd.

     56,000         288,875  

Riken Corp.

     81,687         342,317  

Sanden Corp.(a)

     78,963         325,023  

Sanoh Industrial Co., Ltd.

     24,797         171,168  

Showa Corp.

     17,300         185,291  

T. RAD Co., Ltd.

     74,000         199,128  

Tokai Rika Co., Ltd.

     38,800         720,949  

Topre Corp.

     10,500         107,993  

Toyo Tire & Rubber Co., Ltd.

     90,682         405,089  

TPR Co., Ltd.

     5,500         84,939  

TS Tech Co., Ltd.

     19,124         542,274  

Unipres Corp.

     8,503         190,644  
     

 

 

 
Total Auto Parts & Equipment               8,228,184  
Banks – 11.3%      

77 Bank Ltd. (The)

     159,000         857,403  

Akita Bank Ltd. (The)

     140,892         397,111  

Aomori Bank Ltd. (The)

     114,102       $ 354,369  

Awa Bank Ltd. (The)

     65,378         408,873  

Bank of Nagoya Ltd. (The)

     139,000         637,194  

Bank of Saga Ltd. (The)

     148,083         384,304  

Bank of the Ryukyus Ltd.

     29,400         433,401  

Chukyo Bank Ltd. (The)

     114,000         250,989  

Daisan Bank Ltd. (The)

     156,602         304,809  

Daishi Bank Ltd. (The)(a)

     218,552         899,592  

Ehime Bank Ltd. (The)

     119,144         313,003  

Eighteenth Bank Ltd. (The)

     136,000         374,644  

FIDEA Holdings Co., Ltd.

     100,500         259,748  

Fukui Bank Ltd. (The)

     190,667         429,923  

Higashi-Nippon Bank Ltd. (The)

     220,000         589,662  

Higo Bank Ltd. (The)

     105,000         679,004  

Hokkoku Bank Ltd. (The)

     154,621         652,888  

Hokuetsu Bank Ltd. (The)

     229,003         562,643  

Hyakugo Bank Ltd. (The)

     132,000         664,071  

Hyakujushi Bank Ltd. (The)

     157,000         657,924  

Juroku Bank Ltd. (The)

     212,000         890,662  

Kagoshima Bank Ltd. (The)

     85,000         601,202  

Keiyo Bank Ltd. (The)

     160,396         919,522  

Kiyo Holdings, Inc.

     410,593         659,429  

Michinoku Bank Ltd. (The)(a)

     127,000         317,432  

Mie Bank Ltd. (The)

     151,691         366,240  

Miyazaki Bank Ltd. (The)

     131,000         387,343  

Musashino Bank Ltd. (The)

     22,678         894,867  

North Pacific Bank Ltd.

     103,591         349,270  

Ogaki Kyoritsu Bank Ltd. (The)

     191,423         710,558  

Oita Bank Ltd. (The)

     100,000         381,834  

San-In Godo Bank Ltd. (The)

     75,000         645,341  

Senshu Ikeda Holdings, Inc.

     137,857         782,979  

Shiga Bank Ltd. (The)(a)

     84,923         584,399  

Shikoku Bank Ltd. (The)

     138,000         437,396  

Tochigi Bank Ltd. (The)

     93,679         378,622  

Toho Bank Ltd. (The)

     162,000         523,803  

Tokyo Tomin Bank, Ltd. (The)

     22,500         274,011  

TOMONY Holdings, Inc.

     83,494         361,434  

Towa Bank, Ltd. (The)

     172,000         210,381  

Tsukuba Bank, Ltd.

     42,500         231,440  

Yamagata Bank Ltd. (The)

     79,000         379,792  

Yamanashi Chuo Bank, Ltd. (The)

     80,066         365,330  
     

 

 

 
Total Banks               21,764,842  
Beverages – 1.3%      

Ito En Ltd.

     43,584         1,052,283  

Sapporo Holdings Ltd.

     199,000         844,512  

Takara Holdings, Inc.(a)

     74,000         627,292  
     

 

 

 
Total Beverages               2,524,087  
Biotechnology – 0.0%      

EIKEN CHEMICAL Co., Ltd.

     5,345         75,894  
Building Materials – 2.1%      

Asahi Organic Chemicals Industry Co., Ltd.

     102,000         226,739  

Bunka Shutter Co., Ltd.

     12,000         61,902  

Central Glass Co., Ltd.

     79,933         277,155  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      61   


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Cleanup Corp.

     13,000       $ 88,768  

Daiken Corp.

     112,901         312,213  

Fujitec Co., Ltd.

     41,632         416,231  

Krosaki Harima Corp.

     26,703         63,335  

Nice Holdings, Inc.

     27,000         73,229  

Nichias Corp.

     72,827         437,644  

Nichiha Corp.

     23,400         348,437  

Okabe Co., Ltd.

     20,500         191,002  

Sanwa Holdings Corp.

     136,807         708,626  

Sumitomo Osaka Cement Co., Ltd.

     132,404         387,270  

Takara Standard Co., Ltd.

     58,063         455,759  
     

 

 

 
Total Building Materials               4,048,310  
Chemicals – 8.7%      

ADEKA Corp.

     62,935         542,197  

Aica Kogyo Co., Ltd.

     35,771         655,916  

Chugoku Marine Paints Ltd.

     20,000         106,573  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

     72,618         343,704  

Denki Kagaku Kogyo K.K.

     318,000         1,143,204  

DIC Corp.

     454,000         970,581  

Earth Chemical Co., Ltd.

     10,700         371,575  

Fujimi, Inc.

     14,600         215,537  

Kureha Corp.

     108,648         385,965  

Lintec Corp.

     39,700         755,829  

Nihon Nohyaku Co., Ltd.

     42,000         285,003  

Nihon Parkerizing Co., Ltd.

     25,000         436,077  

Nippon Carbon Co., Ltd.

     41,000         95,937  

Nippon Kayaku Co., Ltd.

     91,931         1,120,537  

Nippon Soda Co., Ltd.

     65,091         306,001  

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

     56,000         475,899  

Nissan Chemical Industries Ltd.

     106,200         1,275,258  

NOF Corp.

     87,000         429,355  

Sakata INX Corp.

     58,000         375,069  

Sanyo Chemical Industries Ltd.

     75,208         412,756  

Sekisui Jushi Corp.

     29,000         379,696  

Stella Chemifa Corp.

     11,400         218,009  

Sumitomo Bakelite Co., Ltd.

     149,010         624,441  

Taiyo Holdings Co., Ltd.

     20,900         604,860  

Takasago International Corp.

     41,000         227,632  

Toagosei Co., Ltd.

     153,000         668,826  

Tokai Carbon Co., Ltd.

     100,974         346,890  

Tokuyama Corp.(a)

     209,000         586,854  

Tosoh Corp.

     465,000         1,325,463  

Toyo Ink SC Holdings Co., Ltd.

     241,920         1,150,162  
     

 

 

 
Total Chemicals               16,835,806  
Coal – 0.1%      

Mitsui Matsushima Co., Ltd.(a)

     92,198         180,434  
Commercial Services – 2.1%      

Aeon Delight Co., Ltd.

     21,400         472,976  

Kanamoto Co., Ltd.

     22,228         481,110  

Kyodo Printing Co., Ltd.

     111,000         336,471  

Kyoritsu Maintenance Co., Ltd.(a)

     11,925         349,557  

Meiko Network Japan Co., Ltd.

     25,000         346,469  

Meitec Corp.

     22,900       $ 578,711  

Nichii Gakkan Co.

     27,000         234,620  

Nihon M&A Center, Inc.

     4,275         188,469  

Nissin Corp.

     20,000         57,222  

Nomura Co., Ltd.

     29,000         160,083  

Temp Holdings Co., Ltd.

     10,500         179,914  

Toppan Forms Co., Ltd.

     70,000         677,515  
     

 

 

 
Total Commercial Services               4,063,117  
Computers – 2.1%      

DTS Corp.

     20,063         329,689  

Ines Corp.

     44,800         340,217  

Information Services International-Dentsu Ltd.

     17,000         177,377  

Melco Holdings, Inc.(a)

     12,562         219,387  

NEC Fielding Ltd.

     48,016         613,861  

NEC Networks & System Integration Corp.

     27,868         545,978  

NET One Systems Co., Ltd.

     32,782         288,351  

NS Solutions Corp.

     30,790         592,418  

SCSK Corp.

     41,651         804,491  

Zuken, Inc.

     10,677         79,379  
     

 

 

 
Total Computers               3,991,148  
Cosmetics/Personal Care – 1.9%      

Fancl Corp.

     42,607         469,484  

Kose Corp.

     24,004         558,357  

Lion Corp.

     150,629         839,498  

Mandom Corp.

     14,460         513,682  

Pigeon Corp.

     10,300         721,942  

Pola Orbis Holdings, Inc.

     19,355         617,582  
     

 

 

 
Total Cosmetics/Personal Care               3,720,545  
Distribution/Wholesale – 3.6%      

Ai Holdings Corp.

     51,254         472,091  

Arata Corp.

     16,017         69,506  

Daiwabo Holdings Co., Ltd.(a)

     135,392         249,126  

Doshisha Co., Ltd.(a)

     21,800         327,858  

Hakuto Co., Ltd.

     31,183         304,135  

Inabata & Co., Ltd.

     46,541         346,013  

Itochu Enex Co., Ltd.

     84,381         479,254  

Iwatani Corp.

     88,166         420,106  

Japan Pulp & Paper Co., Ltd.(a)

     120,000         382,897  

Kamei Corp.

     7,000         78,026  

Kanematsu Electronics Ltd.

     32,322         402,220  

Matsuda Sangyo Co., Ltd.

     4,500         68,826  

Nagase & Co., Ltd.

     56,104         693,393  

Paltac Corp.

     32,737         420,616  

Ryoden Trading Co., Ltd.

     50,079         326,510  

San-Ai Oil Co., Ltd.

     73,506         369,797  

Sankyo Seiko Co., Ltd.

     81,700         290,234  

Sinanen Co., Ltd.

     72,771         311,920  

Tomen Electronics Corp.

     16,153         196,372  

Tomoe Engineering Co., Ltd.

     3,200         66,709  

Yamazen Corp.

     38,806         255,900  

Yuasa Trading Co., Ltd.

     184,000         389,449  
     

 

 

 
Total Distribution/Wholesale               6,920,958  

 

See Notes to Financial Statements.

 

62   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Diversified Financial Services – 1.2%      

Ichiyoshi Securities Co., Ltd.

     62,816       $ 690,829  

Tokai Tokyo Financial Holdings, Inc.

     181,106         1,332,965  

Toyo Securities Co., Ltd.(a)

     83,000         362,827  
     

 

 

 
Total Diversified Financial Services               2,386,621  
Electric – 0.1%      

Okinawa Electric Power Co., Inc. (The)

     4,500         155,073  
Electrical Components & Equipment – 1.6%      

Casio Computer Co., Ltd.(a)

     176,300         1,374,472  

Fujikura Ltd.

     153,000         483,312  

Nippon Signal Co., Ltd. (The)

     8,500         66,539  

Nissin Electric Co., Ltd.

     48,000         227,186  

Takaoka Toko Holdings Co., Ltd.

     4,270         67,170  

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

     27,835         166,974  

Ushio, Inc.

     59,200         603,838  
     

 

 

 
Total Electrical Components & Equipment               2,989,491  
Electronics – 4.3%      

Alps Electric Co., Ltd.

     108,100         708,249  

ANRITSU Corp.

     42,000         655,329  

Azbil Corp.

     53,400         1,110,370  

Eizo Nanao Corp.

     14,808         261,447  

Enplas Corp.

     4,909         226,340  

ESPEC Corp.

     8,540         64,491  

Fujitsu General Ltd.

     15,000         126,835  

HORIBA Ltd.

     12,300         387,760  

IDEC Corp.

     38,493         344,726  

Inaba Denki Sangyo Co., Ltd.

     18,394         555,224  

Japan Aviation Electronics Industry Ltd.(a)

     35,000         266,539  

KOA Corp.

     29,700         283,038  

Kuroda Electric Co., Ltd.

     27,702         330,585  

Minebea Co., Ltd.(a)

     147,000         503,446  

Nichicon Corp.(a)

     32,474         277,352  

Nidec Copal Corp.

     9,500         64,970  

Nihon Dempa Kogyo Co., Ltd.

     6,500         66,645  

Nitto Kogyo Corp.

     4,500         66,672  

Nohmi Bosai Ltd.

     49,088         388,966  

Panasonic Industrial Devices Sunx Co., Ltd.

     17,085         77,230  

Ryosan Co., Ltd.

     18,200         352,695  

Sanshin Electronics Co., Ltd.

     10,500         70,581  

Sanyo Denki Co., Ltd.

     14,000         101,553  

SIIX Corp.

     10,500         162,939  

SMK Corp.

     24,000         67,900  

Sodick Co., Ltd.

     13,000         80,334  

Star Micronics Co., Ltd.

     34,834         344,190  

Taiyo Yuden Co., Ltd.(a)

     13,500         170,868  

Tamura Corp.

     29,000         60,764  

Tokyo Seimitsu Co., Ltd.

     6,500         135,434  
     

 

 

 
Total Electronics               8,313,472  
Engineering & Construction – 4.2%      

COMSYS Holdings Corp.(a)

     60,307         731,227  

Kandenko Co., Ltd.

     116,138         534,862  

Kitano Construction Corp.

     30,977         70,837  

Kyowa Exeo Corp.

     51,466       $ 552,321  

Kyudenko Corp.

     41,000         184,897  

Maeda Corp.(a)

     87,609         354,089  

Maeda Road Construction Co., Ltd.(a)

     35,694         487,461  

Mitsubishi Kakoki Kaisha, Ltd.*

     44,854         96,845  

Nippo Corp.

     35,358         435,864  

Nippon Densetsu Kogyo Co., Ltd.

     6,000         63,433  

Nippon Koei Co., Ltd.

     21,000         85,546  

Nippon Road Co., Ltd. (The)(a)

     48,700         212,370  

Nishimatsu Construction Co., Ltd.

     181,037         306,157  

Okumura Corp.(a)

     156,096         627,572  

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

     32,000         82,025  

Raito Kogyo Co., Ltd.

     24,400         117,562  

Shinko Plantech Co., Ltd.(a)

     43,508         350,766  

Taihei Dengyo Kaisha Ltd.

     32,000         205,573  

Taihei Kogyo Co., Ltd.

     57,047         206,296  

Taikisha Ltd.

     12,865         288,443  

Takasago Thermal Engineering Co., Ltd.

     57,072         473,475  

TOA Corp. 1885*

     41,000         57,998  

Toda Corp.(a)

     171,072         407,574  

Tokyo Energy & Systems Inc.

     17,000         86,790  

Toshiba Plant Systems & Services Corp.

     33,000         404,691  

Totetsu Kogyo Co., Ltd.

     10,685         175,583  

Toyo Construction Co., Ltd.

     20,900         64,243  

Toyo Engineering Corp.

     64,223         280,062  

Tsukishima Kikai Co., Ltd.

     8,000         74,708  

Yokogawa Bridge Holdings Corp.

     11,750         99,479  

Yurtec Corp.

     19,000         59,413  
     

 

 

 
Total Engineering & Construction               8,178,162  
Entertainment – 1.1%      

Avex Group Holdings, Inc.

     31,367         848,397  

Shochiku Co., Ltd.

     24,000         246,075  

Toei Co., Ltd.(a)

     50,405         362,946  

Tokyotokeiba Co., Ltd.(a)

     158,475         670,847  
     

 

 

 
Total Entertainment               2,128,265  
Environmental Control – 0.8%      

Asahi Holdings, Inc.

     26,400         566,637  

Daiseki Co., Ltd.

     15,700         266,342  

Hitachi Zosen Corp.

     335,175         559,695  

OYO Corp.

     5,337         90,199  
     

 

 

 
Total Environmental Control               1,482,873  
Food – 3.9%      

Ariake Japan Co., Ltd.

     19,128         392,041  

Ezaki Glico Co., Ltd.(a)

     41,865         433,700  

Fuji Oil Co., Ltd.

     35,800         552,878  

Itoham Foods, Inc.

     19,000         94,576  

Izumiya Co., Ltd.

     40,872         215,184  

J-Oil Mills, Inc.(a)

     113,981         363,692  

Kasumi Co., Ltd.

     33,179         206,795  

Kato Sangyo Co., Ltd.

     21,116         440,647  

Marudai Food Co., Ltd.

     93,000         316,528  

Maruha Nichiro Holdings, Inc.

     225,327         431,386  

Mitsui Sugar Co., Ltd.

     90,879         287,078  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      63   


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Morinaga & Co., Ltd.

     205,439       $ 452,307  

Morinaga Milk Industry Co., Ltd.

     107,411         331,304  

Nichirei Corp.

     145,096         867,304  

Nippon Beet Sugar Manufacturing Co., Ltd.

     33,000         64,933  

Nippon Flour Mills Co., Ltd.

     98,766         449,605  

Nisshin Oillio Group Ltd. (The)

     105,477         387,041  

Prima Meat Packers Ltd.

     116,413         282,303  

Showa Sangyo Co., Ltd.

     95,000         327,377  

Yokohama Reito Co., Ltd.

     48,262         463,011  

Yonekyu Corp.

     20,500         193,400  
     

 

 

 
Total Food               7,553,090  
Forest Products & Paper – 0.6%      

Chuetsu Pulp & Paper Co., Ltd.

     147,000         231,398  

Daio Paper Corp.

     54,597         351,321  

Hokuetsu Kishu Paper Co., Ltd.(a)

     115,132         549,822  

Tokushu Tokai Paper Co., Ltd.

     24,000         56,158  
     

 

 

 
Total Forest Products & Paper               1,188,699  
Gas – 0.3%      

Saibu Gas Co., Ltd.

     200,362         468,833  

Shizuoka Gas Co., Ltd.

     27,392         188,207  
     

 

 

 
Total Gas               657,040  
Hand/Machine Tools – 1.3%      

Asahi Diamond Industrial Co., Ltd.

     35,500         345,108  

Fuji Electric Co., Ltd.

     279,000         816,050  

Hitachi Koki Co., Ltd.

     72,527         597,063  

Meidensha Corp.(a)

     76,000         228,760  

OSG Corp.

     33,600         462,080  

Union Tool Co.

     6,500         133,291  
     

 

 

 
Total Hand/Machine Tools               2,582,352  
Healthcare-Products – 1.4%      

Asahi Intecc Co., Ltd.

     5,343         282,153  

Hitachi Medical Corp.

     5,000         79,877  

Hogy Medical Co., Ltd.

     6,700         361,295  

Nihon Kohden Corp.

     18,579         655,067  

Nipro Corp.(a)

     128,196         1,145,337  

Paramount Bed Holdings Co., Ltd.

     3,200         119,464  
     

 

 

 
Total Healthcare-Products               2,643,193  
Healthcare-Services – 0.2%      

Ain Pharmaciez, Inc.

     3,378         182,517  

CMIC Holdings Co., Ltd.(a)

     12,153         241,974  
     

 

 

 
Total Healthcare-Services               424,491  
Home Builders – 0.7%      

PanaHome Corp.

     100,177         714,941  

Token Corp.

     8,537         575,671  
     

 

 

 
Total Home Builders               1,290,612  
Home Furnishings – 0.6%      

Canon Electronics, Inc.

     27,800         552,334  

Corona Corp.

     4,060         47,112  

Foster Electric Co., Ltd.

     4,700         64,536  

France Bed Holdings Co., Ltd.

     66,000         150,223  

JVCKENWOOD Corp.(a)

     40,900         110,059  

TOA Corp. 6809

     34,000       $ 269,772  
     

 

 

 
Total Home Furnishings               1,194,036  
Household Products/Wares – 0.3%      

Kokuyo Co., Ltd.

     70,303         539,872  
Housewares – 0.2%      

Noritake Co., Ltd.(a)

     139,099         343,235  
Internet – 1.2%      

GMO Internet, Inc.

     90,521         858,804  

Gurunavi, Inc.

     7,500         95,405  

Macromill, Inc.(a)

     17,466         219,208  

SBI Holdings, Inc.(a)

     86,866         766,845  

Start Today Co., Ltd.(a)

     29,333         372,824  
     

 

 

 
Total Internet               2,313,086  
Iron/Steel – 1.4%      

Aichi Steel Corp.

     132,314         533,365  

Daido Metal Co., Ltd.(a)

     8,000         65,093  

Kyoei Steel Ltd.(a)

     14,614         260,820  

Mitsubishi Steel Manufacturing Co., Ltd.

     102,000         216,975  

Nisshin Steel Holdings Co., Ltd.

     31,287         246,582  

Sanyo Special Steel Co., Ltd.(a)

     102,000         362,348  

Topy Industries Ltd.

     96,000         222,591  

Toyo Kohan Co., Ltd.

     84,000         267,135  

Yodogawa Steel Works Ltd.(a)

     113,993         427,989  
     

 

 

 
Total Iron/Steel               2,602,898  
Leisure Time – 0.9%      

Dunlop Sports Co., Ltd.

     28,614         322,296  

Mizuno Corp.

     67,616         306,365  

Round One Corp.

     87,995         649,527  

Yamaha Corp.

     53,300         517,013  
     

 

 

 
Total Leisure Time               1,795,201  
Lodging – 0.5%      

Fujita Kanko, Inc.

     19,000         89,322  

Resorttrust, Inc.(a)

     32,860         932,466  
     

 

 

 
Total Lodging               1,021,788  
Machinery-Construction & Mining – 0.5%      

Modec, Inc.(a)

     19,088         574,752  

Tadano Ltd.

     30,000         339,502  
     

 

 

 
Total Machinery-Construction & Mining               914,254  
Machinery-Diversified – 2.6%      

Aida Engineering Ltd.

     46,500         376,372  

Chugai Ro Co., Ltd.

     31,000         82,100  

CKD Corp.

     35,700         230,102  

Daifuku Co., Ltd.

     56,562         460,220  

Daihen Corp.

     44,000         129,632  

Daiwa Industries Ltd.

     11,000         64,816  

Ebara Corp.

     130,000         517,124  

Makino Milling Machine Co., Ltd.(a)

     41,000         254,233  

Miura Co., Ltd.

     14,224         367,173  

Nippon Sharyo Ltd.

     76,000         342,736  

Nippon Thompson Co., Ltd.

     62,000         315,210  

Obara Group, Inc.

     9,500         181,371  

 

See Notes to Financial Statements.

 

64   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

OKUMA Corp.(a)

     50,000       $ 369,070  

Organo Corp.

     41,000         228,941  

Sintokogio, Ltd.

     7,500         67,406  

Torishima Pump Manufacturing Co., Ltd.

     7,500         60,625  

Toshiba Machine Co., Ltd.

     57,806         284,050  

Toyo Kanetsu K.K.(a)

     65,000         244,735  

Tsubakimoto Chain Co.

     58,228         298,510  

Tsugami Corp.

     32,000         183,791  
     

 

 

 
Total Machinery-Diversified               5,058,217  
Media – 0.2%      

Gakken Holdings Co., Ltd.

     53,000         154,456  

Kadokawa Group Holdings, Inc.(a)

     10,000         267,284  
     

 

 

 
Total Media               421,740  
Metal Fabricate/Hardware – 1.5%      

Daiichi Jitsugyo Co., Ltd.

     17,000         90,225  

Furukawa-Sky Aluminum Corp.(a)

     121,000         368,070  

Hanwa Co., Ltd.

     154,114         549,119  

Kitz Corp.

     66,276         344,703  

Nachi-Fujikoshi Corp.

     77,000         330,047  

Neturen Co., Ltd.

     8,500         62,742  

Nippon Steel Trading Co., Ltd.

     100,000         320,145  

Oiles Corp.

     16,393         311,052  

Ryobi Ltd.

     101,000         250,298  

Tocalo Co., Ltd.

     4,500         65,906  

Toho Zinc Co., Ltd.

     64,967         262,577  
     

 

 

 
Total Metal Fabricate/Hardware               2,954,884  
Mining – 0.6%      

Mitsui Mining & Smelting Co., Ltd.

     192,000         443,140  

Nippon Coke & Engineering Co., Ltd.

     216,500         287,838  

Nippon Denko Co., Ltd.

     26,000         85,727  

Nittetsu Mining Co., Ltd.

     14,000         71,474  

OSAKA Titanium Technologies Co.(a)

     11,400         230,740  

Sumitomo Light Metal Industries, Ltd.

     72,000         73,516  
     

 

 

 
Total Mining               1,192,435  
Miscellaneous Manufacturing – 1.7%      

Amano Corp.

     55,417         528,118  

Bando Chemical Industries Ltd.

     66,082         210,152  

JSP Corp.

     4,270         63,401  

Mitsuboshi Belting Co., Ltd.

     56,525         300,000  

Morita Holdings Corp.

     24,245         217,643  

Nikkiso Co., Ltd.

     31,000         368,953  

Nippon Valqua Industries Ltd.(a)

     109,042         281,825  

Nitta Corp.

     3,000         57,052  

Okamoto Industries, Inc.

     67,000         228,749  

Shin-Etsu Polymer Co., Ltd.

     56,474         220,442  

Tamron Co., Ltd.

     13,166         283,009  

Tokai Rubber Industries Ltd.

     38,600         443,395  

Toyo Tanso Co., Ltd.

     3,000         73,484  
     

 

 

 
Total Miscellaneous Manufacturing               3,276,223  
Office Furnishings – 0.1%      

Okamura Corp.

     35,676         256,509  
Office/Business Equipment – 0.8%      

Riso Kagaku Corp.

     13,754       $ 274,729  

Sato Holdings Corp.(a)

     21,064         380,416  

Toshiba TEC Corp.

     144,070         851,977  

Uchida Yoko Co., Ltd.

     22,000         65,050  
     

 

 

 
Total Office/Business Equipment               1,572,172  
Oil & Gas – 0.1%      

AOC Holdings, Inc.

     21,500         82,780  

Japan Drilling Co., Ltd.

     3,205         194,305  
     

 

 

 
Total Oil & Gas               277,085  
Packaging & Containers – 0.2%      

Fuji Seal International, Inc.

     17,300         438,112  
Pharmaceuticals – 3.8%      

Fuso Pharmaceutical Industries, Ltd.

     32,000         143,629  

Kaken Pharmaceutical Co., Ltd.

     65,261         1,184,860  

KYORIN Holdings, Inc.

     41,963         1,018,502  

Mochida Pharmaceutical Co., Ltd.

     55,055         710,293  

Nichi-Iko Pharmaceutical Co., Ltd.

     14,600         334,331  

Nippon Shinyaku Co., Ltd.

     28,000         398,766  

Sawai Pharmaceutical Co., Ltd.

     4,112         488,524  

Ship Healthcare Holdings, Inc.(a)

     15,362         542,457  

Toho Holdings Co., Ltd.

     18,800         432,308  

Towa Pharmaceutical Co., Ltd.

     5,400         285,450  

Tsumura & Co.(a)

     38,300         1,399,282  

Vital Ksk Holdings, Inc.

     10,685         102,963  

ZERIA Pharmaceutical Co., Ltd.

     18,000         284,876  
     

 

 

 
Total Pharmaceuticals               7,326,241  
Real Estate – 2.3%      

Airport Facilities Co., Ltd.

     64,000         445,182  

Arnest One Corp.

     55,600         1,100,528  

Daikyo, Inc.

     122,000         426,909  

Heiwa Real Estate Co., Ltd.

     29,600         585,892  

Relo Holdings, Inc.

     14,169         616,371  

Takara Leben Co., Ltd.

     21,357         336,188  

Tokyo Tatemono Co., Ltd.

     139,000         987,577  
     

 

 

 
Total Real Estate               4,498,647  
Retail – 8.8%      

Alpen Co., Ltd.

     16,221         305,028  

AOKI Holdings, Inc.

     21,184         545,710  

Arcland Sakamoto Co., Ltd.

     4,270         75,254  

Arcs Co., Ltd.

     23,994         537,453  

ASKUL Corp.(a)

     23,465         341,668  

Belluna Co., Ltd.

     33,624         327,228  

Cawachi Ltd.

     12,100         258,293  

Chiyoda Co., Ltd.

     24,791         644,429  

COSMOS Pharmaceutical Corp.

     3,205         416,561  

DCM Holdings Co., Ltd.(a)

     88,245         736,783  

Doutor Nichires Holdings Co., Ltd.

     26,953         395,322  

EDION Corp.(a)

     106,977         504,050  

Fuji Co., Ltd.

     7,700         147,989  

Gulliver International Co., Ltd.

     10,290         601,946  

Heiwado Co., Ltd.

     27,892         430,751  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      65   


Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Honeys Co., Ltd.(a)

     10,740       $ 139,819  

Ichibanya Co., Ltd.

     8,636         383,945  

Izumi Co., Ltd.

     21,800         530,045  

Joshin Denki Co., Ltd.

     6,000         57,115  

Keiyo Co., Ltd.(a)

     42,220         214,648  

Kojima Co., Ltd.(a)

     22,000         81,195  

Komeri Co., Ltd.

     16,737         499,155  

K’s Holdings Corp.(a)

     33,100         1,059,679  

Matsumotokiyoshi Holdings Co., Ltd.(a)

     19,200         549,943  

Megane Top Co., Ltd.

     12,600         175,022  

Parco Co., Ltd.

     36,227         381,844  

Plenus Co., Ltd.

     31,868         515,203  

Point, Inc.(a)

     18,920         934,731  

Ryohin Keikaku Co., Ltd.

     13,282         1,045,382  

Senshukai Co., Ltd.

     34,800         284,633  

Shimachu Co., Ltd.

     19,164         460,653  

St. Marc Holdings Co., Ltd.(a)

     7,548         360,862  

Studio Alice Co., Ltd.

     4,275         62,247  

Toridoll.Corp.

     6,753         69,168  

Tsuruha Holdings, Inc.

     9,667         942,846  

United Arrows Ltd.

     14,329         489,978  

Valor Co., Ltd.

     20,791         397,377  

Watami Co., Ltd.(a)

     11,329         210,988  

Xebio Co., Ltd.

     15,289         324,741  

Zensho Holdings Co., Ltd.(a)

     34,119         460,508  
     

 

 

 
Total Retail               16,900,192  
Semiconductors – 0.6%      

MegaChips Corp.

     4,500         71,219  

Mimasu Semiconductor Industry Co., Ltd.

     35,700         345,153  

Shinko Electric Industries Co., Ltd.(a)

     80,700         668,638  
     

 

 

 
Total Semiconductors               1,085,010  
Shipbuilding – 0.7%      

Mitsui Engineering & Shipbuilding Co., Ltd.

     538,000         972,772  

Sasebo Heavy Industries Co., Ltd.*

     233,063         290,027  
     

 

 

 
Total Shipbuilding               1,262,799  
Software – 1.3%      

Capcom Co., Ltd.(a)

     30,513         490,376  

Fuji Soft, Inc.

     10,000         241,225  

IT Holdings Corp.

     34,400         448,568  

NEC Mobiling Ltd.

     11,961         791,294  

Zenrin Co., Ltd.

     35,602         495,671  
     

 

 

 
Total Software               2,467,134  
Storage/Warehousing – 1.1%      

Mitsubishi Logistics Corp.

     44,000         812,423  

Mitsui-Soko Co., Ltd.(a)

     88,746         548,409  

Sumitomo Warehouse Co., Ltd. (The)(a)

     109,417         756,446  
     

 

 

 
Total Storage/Warehousing               2,117,278  
Telecommunications – 0.2%      

Hitachi Kokusai Electric, Inc.

     41,000         362,380  
Textiles – 1.3%      

Kurabo Industries Ltd.(a)

     209,169         391,552  

Nisshinbo Holdings, Inc.

     63,000       $ 437,556  

Nitto Boseki Co., Ltd.(a)

     113,960         433,925  

Seiren Co., Ltd.

     33,511         215,637  

Toyobo Co., Ltd.(a)

     556,000         946,182  
     

 

 

 
Total Textiles               2,424,852  
Toys/Games/Hobbies – 0.2%      

TOMY Co., Ltd.(a)

     59,077         299,092  
Transportation – 2.5%      

Fuji Kyuko Co., Ltd.(a)

     35,300         281,589  

Fukuyama Transporting Co., Ltd.(a)

     105,059         601,167  

Kintetsu World Express, Inc.(a)

     8,383         311,175  

Nippon Konpo Unyu Soko Co., Ltd.

     35,460         562,336  

Nishi-Nippon Railroad Co., Ltd.(a)

     114,000         470,453  

Sankyu, Inc.

     176,272         796,805  

Seino Holdings Corp.

     69,711         603,539  

Senko Co., Ltd.(a)

     86,156         449,016  

Sotetsu Holdings, Inc.(a)

     174,000         649,585  

Yusen Logistics Co., Ltd.

     6,500         71,416  
     

 

 

 
Total Transportation               4,797,081  
TOTAL COMMON STOCKS
(Cost: $173,098,899)
              190,414,344  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 16.1%      
United States – 16.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $31,073,274)(c)      31,073,274         31,073,274  

TOTAL INVESTMENTS IN SECURITIES – 114.8%
(Cost: $204,172,173)

   

     221,487,618  

Liabilities in Excess of Other Assets – (14.8)%

        (28,573,452
     

 

 

 
NET ASSETS – 100.0%             $ 192,914,166  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $29,068,790 and the total market value of the collateral held by the Fund was $31,073,274.

 

See Notes to Financial Statements.

 

66   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 97.4%      
Australia – 25.3%      

AGL Energy Ltd.

     13,113       $ 216,821  

Amcor Ltd.

     29,093         281,471  

AMP Ltd.

     75,636         410,831  

Australia & New Zealand Banking Group Ltd.

     63,606         1,891,893  

BHP Billiton Ltd.

     75,351         2,573,532  

Brambles Ltd.

     38,685         341,604  

Coca-Cola Amatil Ltd.

     20,361         309,495  

Commonwealth Bank of Australia

     35,428         2,511,980  

Computershare Ltd.

     16,457         175,004  

Crown Ltd.

     19,603         251,376  

CSL Ltd.

     5,493         339,194  

Iluka Resources Ltd.(a)

     17,228         167,936  

Insurance Australia Group Ltd.

     34,827         207,324  

Macquarie Group Ltd.

     4,755         184,164  

National Australia Bank Ltd.

     62,885         2,021,893  

Newcrest Mining Ltd.

     4,943         103,324  

Orica Ltd.

     9,988         254,597  

Origin Energy Ltd.

     29,437         407,557  

QBE Insurance Group Ltd.

     21,081         296,923  

Rio Tinto Ltd.

     7,339         437,653  

Santos Ltd.

     17,102         221,623  

Sonic Healthcare Ltd.

     10,795         156,773  

Suncorp Group Ltd.

     24,133         297,389  

Sydney Airport Ltd.

     68,049         232,698  

Telstra Corp., Ltd.

     657,608         3,092,006  

Wesfarmers Ltd.

     47,184         1,977,505  

Westpac Banking Corp.

     84,618         2,713,600  

Woodside Petroleum Ltd.

     19,221         717,791  

Woolworths Ltd.

     38,966         1,372,684  

WorleyParsons Ltd.

     5,149         132,538  
     

 

 

 
Total Australia               24,299,179  
China – 10.3%      

Agricultural Bank of China Ltd. Class H

     305,000         146,161  

Bank of China Ltd. Class H

     2,011,100         932,666  

China CITIC Bank Corp., Ltd. Class H

     387,500         232,620  

China Communications Construction Co., Ltd. Class H

     340,300         316,511  

China Construction Bank Corp. Class H

     4,295,100         3,507,943  

China Longyuan Power Group Corp. Class H

     106,800         96,858  

China National Building Material Co., Ltd. Class H(a)

     115,100         144,864  

China Petroleum & Chemical Corp. Class H

     625,400         736,367  

China Shenhua Energy Co., Ltd. Class H

     100,900         366,548  

China Telecom Corp., Ltd. Class H

     1,419,800         715,145  

Dongfeng Motor Group Co., Ltd. Class H

     112,000         157,266  

Guangzhou R&F Properties Co., Ltd. Class H

     90,300         151,457  

Industrial & Commercial Bank of China, Ltd. Class H

     1,720,900         1,205,992  

PetroChina Co., Ltd. Class H

     596,000         781,599  

PICC Property & Casualty Co., Ltd. Class H

     130,600         167,737  

Ping An Insurance Group Co. Class H

     15,000         116,326  

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     44,000       $ 39,847  

Sinopharm Group Co., Ltd. Class H

     31,500         101,650  
     

 

 

 
Total China               9,917,557  
Hong Kong – 18.1%      

AIA Group Ltd.

     59,125         258,964  

BOC Hong Kong Holdings Ltd.

     211,609         706,031  

Cheung Kong Holdings Ltd.

     31,277         461,742  

China Merchants Holdings International Co., Ltd.

     90,592         297,008  

China Mobile Ltd.

     598,030         6,332,640  

China Overseas Land & Investment Ltd.

     61,065         168,343  

China Resources Enterprise Ltd.

     36,600         108,442  

China Resources Power Holdings Co., Ltd.

     90,218         270,213  

China Unicom Hong Kong Ltd.(a)

     197,948         265,201  

Citic Pacific Ltd.

     111,383         144,634  

CLP Holdings Ltd.

     69,866         612,019  

CNOOC Ltd.

     1,156,262         2,222,363  

Hang Lung Properties Ltd.

     75,000         280,188  

Hang Seng Bank Ltd.

     36,503         585,447  

Henderson Land Development Co., Ltd.

     27,000         184,692  

Hong Kong & China Gas Co., Ltd.

     135,751         396,097  

Hong Kong Exchanges and Clearing Ltd.

     17,573         299,273  

Hutchison Whampoa Ltd.

     96,027         1,000,764  

Lenovo Group Ltd.

     110,000         109,254  

MTR Corp., Ltd.

     128,765         511,733  

New World Development Co., Ltd.

     99,557         168,522  

Power Assets Holdings Ltd.

     64,579         609,381  

Sino Land Co., Ltd.

     88,924         150,753  

SJM Holdings Ltd.

     144,432         360,585  

Sun Art Retail Group Ltd.

     153,000         212,865  

Sun Hung Kai Properties Ltd.

     36,534         492,288  

Wharf Holdings Ltd.

     27,350         243,811  
     

 

 

 
Total Hong Kong               17,453,253  
Indonesia – 4.2%      

Adaro Energy Tbk PT

     1,026,600         138,394  

Astra International Tbk PT

     899,461         731,232  

Bank Central Asia Tbk PT

     254,500         298,564  

Bank Mandiri Persero Tbk PT

     327,300         336,815  

Bank Rakyat Indonesia Persero Tbk PT

     261,000         235,014  

Gudang Garam Tbk PT

     23,300         117,369  

Indo Tambangraya Megah Tbk PT

     87,300         318,925  

Perusahaan Gas Negara Persero Tbk PT

     806,400         493,757  

Semen Gresik Persero Tbk PT

     127,300         231,871  

Telekomunikasi Indonesia Persero Tbk PT

     559,500         633,342  

Unilever Indonesia Tbk PT

     156,000         366,020  

United Tractors Tbk PT

     93,400         174,930  
     

 

 

 
Total Indonesia               4,076,233  
Malaysia – 5.4%      

AMMB Holdings Bhd

     59,100         124,823  

Axiata Group Bhd

     169,600         362,587  

British American Tobacco Malaysia Bhd

     11,400         230,025  

CIMB Group Holdings Bhd

     104,700         258,665  

DiGi.Com Bhd

     278,200         416,873  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      67   


Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Genting Malaysia Bhd

     145,500       $ 172,448  

IOI Corp. Bhd

     171,000         257,342  

Kuala Lumpur Kepong Bhd

     30,700         205,625  

Malayan Banking Bhd

     233,000         707,315  

Maxis Bhd

     359,700         758,547  

Petronas Chemicals Group Bhd

     243,800         507,835  

Petronas Dagangan Bhd

     30,600         231,637  

Petronas Gas Bhd

     38,600         236,848  

Public Bank Bhd

     51,900         272,196  

Sime Darby Bhd

     149,700         447,674  
     

 

 

 
Total Malaysia               5,190,440  
Philippines – 1.7%      

Aboitiz Equity Ventures, Inc.

     158,500         214,194  

Aboitiz Power Corp.

     245,400         222,490  

Manila Electric Co.

     33,440         267,618  

Philippine Long Distance Telephone Co.

     8,300         607,704  

San Miguel Corp.

     36,294         102,719  

SM Investments Corp.

     8,270         225,951  
     

 

 

 
Total Philippines               1,640,676  
Singapore – 8.3%      

DBS Group Holdings Ltd.

     35,017         451,614  

Hutchison Port Holdings Trust Class U

     444,995         378,246  

Jardine Cycle & Carriage Ltd.

     8,676         357,572  

Keppel Corp., Ltd.

     53,235         480,600  

Oversea-Chinese Banking Corp., Ltd.

     44,517         382,159  

SembCorp Industries Ltd.

     50,116         209,658  

SembCorp Marine Ltd.(a)

     84,757         302,655  

Singapore Airlines Ltd.

     109,557         959,926  

Singapore Exchange Ltd.

     30,869         191,594  

Singapore Press Holdings Ltd.(a)

     78,000         281,670  

Singapore Technologies Engineering Ltd.

     114,625         398,222  

Singapore Telecommunications Ltd.

     939,577         2,718,911  

StarHub Ltd.

     82,000         287,522  

United Overseas Bank Ltd.

     19,574         321,552  

Wilmar International Ltd.

     81,781         227,426  
     

 

 

 
Total Singapore               7,949,327  
South Korea – 5.8%      

Cheil Industries, Inc.

     221         17,519  

Daewoo Shipbuilding & Marine Engineering Co., Ltd.

     3,450         84,963  

Doosan Heavy Industries & Construction Co., Ltd.

     955         38,540  

GS Holdings

     1,721         100,080  

Hankook Tire Co., Ltd.

     199         3,282  

Hyundai Engineering & Construction Co., Ltd.

     672         40,044  

Hyundai Glovis Co., Ltd.

     227         39,173  

Hyundai Heavy Industries Co., Ltd.

     776         149,258  

Hyundai Motor Co.

     1,261         253,311  

Hyundai Steel Co.

     497         36,272  

Industrial Bank of Korea

     10,160         116,430  

Kangwon Land, Inc.

     5,630         155,602  

KB Financial Group, Inc.

     3,352         111,472  

Kia Motors Corp.

     2,843         143,351  

Korea Zinc Co., Ltd.

     188         59,901  

KT Corp. ADR

     24,435       $ 383,874  

KT Corp.

     1,400         44,167  

KT&G Corp.

     4,026         273,201  

LG Chem Ltd.

     709         168,870  

LG Corp.

     2,591         150,439  

LG Electronics, Inc.

     296         21,656  

LG Household & Health Care Ltd.

     84         46,130  

Lotte Chemical Corp.

     220         39,053  

Lotte Shopping Co., Ltd.

     131         46,331  

NCSoft Corp.

     34         4,737  

OCI Co., Ltd.

     262         37,560  

POSCO

     1,706         501,404  

Samsung C&T Corp.

     1,518         93,459  

Samsung Electronics Co., Ltd.

     440         597,160  

Samsung Engineering Co., Ltd.

     593         68,222  

Samsung Life Insurance Co., Ltd.

     1,955         182,743  

Samsung SDI Co., Ltd.

     335         42,304  

Shinhan Financial Group Co., Ltd.

     3,804         136,248  

SK Holdings Co., Ltd.

     677         102,530  

SK Innovation Co., Ltd.

     1,447         211,340  

SK Telecom Co., Ltd. ADR

     33,000         589,710  

SK Telecom Co., Ltd.

     830         134,653  

S-Oil Corp.

     4,243         356,189  
     

 

 

 
Total South Korea               5,581,178  
Taiwan – 13.3%      

Advanced Semiconductor Engineering, Inc.

     128,175         103,732  

Asustek Computer, Inc.

     22,740         270,348  

Cheng Shin Rubber Industry Co., Ltd.

     58,912         167,462  

China Steel Corp.

     697,742         605,515  

Chunghwa Telecom Co., Ltd.

     344,000         1,060,674  

Compal Electronics, Inc.

     315,000         221,746  

Delta Electronics, Inc.

     106,000         443,107  

Far Eastern New Century Corp.

     249,517         255,754  

Far EasTone Telecommunications Co., Ltd.

     95,000         215,082  

Formosa Chemicals & Fibre Corp.

     411,000         919,518  

Formosa Petrochemical Corp.

     329,000         863,690  

Formosa Plastics Corp.

     405,000         956,208  

Foxconn Technology Co., Ltd.

     14,857         40,940  

Fubon Financial Holding Co., Ltd.

     132,803         189,861  

Hon Hai Precision Industry Co., Ltd.

     97,150         268,683  

HTC Corp.

     62,450         509,583  

MediaTek, Inc.

     62,000         704,958  

Mega Financial Holding Co., Ltd.

     198,128         160,013  

Nan Ya Plastics Corp.

     496,000         872,489  

President Chain Store Corp.

     29,000         159,050  

Quanta Computer, Inc.

     124,000         272,860  

Taiwan Cement Corp.

     161,000         198,137  

Taiwan Mobile Co., Ltd.

     125,100         422,543  

Taiwan Semiconductor Manufacturing Co., Ltd.

     697,000         2,330,909  

Uni-President Enterprises Corp.

     107,749         204,310  

United Microelectronics Corp.

     847,000         314,412  
     

 

 

 
Total Taiwan               12,731,584  

 

See Notes to Financial Statements.

 

68   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Thailand – 5.0%      

Advanced Info Service PCL

     106,600       $ 859,061  

Bangkok Bank PCL NVDR

     31,000         235,001  

Charoen Pokphand Foods PCL

     170,900         192,580  

CP ALL PCL

     140,600         219,650  

Indorama Ventures PCL

     127,019         98,891  

PTT Exploration & Production PCL

     90,713         459,993  

PTT Global Chemical PCL

     139,394         330,814  

PTT PCL NVDR

     83,700         926,030  

Shin Corp. PCL NVDR

     230,500         625,738  

Siam Cement PCL NVDR

     35,871         587,949  

Siam Commercial Bank PCL

     41,200         249,718  
     

 

 

 
Total Thailand               4,785,425  
TOTAL COMMON STOCKS
(Cost: $83,554,706)
              93,624,852  
EXCHANGE-TRADED NOTE – 2.1%      
United States – 2.1%      

iPath MSCI India Index ETN*
(Cost: $1,898,304)

     35,702         2,040,726  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2%      
United States – 1.2%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $1,172,426)(c)      1,172,426         1,172,426  
TOTAL INVESTMENTS IN SECURITIES – 100.7%
(Cost: $86,625,436)
         96,838,004  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.7)%

        (651,417
     

 

 

 
NET ASSETS – 100.0%             $ 96,186,587  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

NVDR – Non-Voting Depository Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $1,100,130 and the total market value of the collateral held by the Fund was $1,172,426.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      69   


Schedule of Investments

WisdomTree Australia Dividend Fund (AUSE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.1%      
Australia – 99.1%      
Agriculture – 1.2%      

GrainCorp Ltd. Class A

     73,521       $ 895,264  
Banks – 12.7%      

Australia & New Zealand Banking Group Ltd.

     73,296         2,180,112  

Commonwealth Bank of Australia

     30,534         2,164,976  

National Australia Bank Ltd.

     80,774         2,597,064  

Westpac Banking Corp.

     88,217         2,829,015  
     

 

 

 
Total Banks               9,771,167  
Beverages – 2.2%      

Coca-Cola Amatil Ltd.

     68,017         1,033,884  

Treasury Wine Estates Ltd.

     116,297         689,886  
     

 

 

 
Total Beverages               1,723,770  
Biotechnology – 0.7%      

CSL Ltd.

     8,446         521,542  
Building Materials – 1.6%      

Boral Ltd.(a)

     247,778         1,268,355  
Chemicals – 1.0%      

Incitec Pivot Ltd.

     235,646         759,128  
Coal – 0.9%      

New Hope Corp., Ltd.

     146,995         608,401  

Whitehaven Coal Ltd.

     24,358         53,836  
     

 

 

 
Total Coal               662,237  
Commercial Services – 1.1%      

Brambles Ltd.

     100,476         887,243  
Computers – 1.2%      

Computershare Ltd.

     86,581         920,703  
Diversified Financial Services – 1.7%      

Macquarie Group Ltd.

     33,255         1,287,990  
Electric – 2.2%      

AGL Energy Ltd.

     47,827         790,812  

Origin Energy Ltd.

     63,824         883,647  
     

 

 

 
Total Electric               1,674,459  
Engineering & Construction – 6.2%      

Leighton Holdings Ltd.

     29,240         626,144  

Monadelphous Group Ltd.(a)

     48,662         1,151,629  

Sydney Airport Ltd.

     372,451         1,273,619  

UGL Ltd.(a)

     104,782         1,118,622  

WorleyParsons Ltd.

     25,400         653,810  
     

 

 

 
Total Engineering & Construction               4,823,824  
Entertainment – 6.4%      

TABCORP Holdings Ltd.

     799,193         2,691,231  

Tatts Group Ltd.

     671,223         2,218,313  
     

 

 

 
Total Entertainment               4,909,544  
Food – 3.9%      

Metcash Ltd.

     380,707         1,643,190  

Woolworths Ltd.

     38,297         1,349,117  
     

 

 

 
Total Food               2,992,307  
Gas – 1.9%      

Envestra Ltd.

     1,308,177       $ 1,438,851  
Healthcare-Products – 1.1%      

Cochlear Ltd.

     11,591         822,329  
Healthcare-Services – 4.1%      

Primary Health Care Ltd.

     261,375         1,351,582  

Ramsay Health Care Ltd.

     24,087         811,114  

Sonic Healthcare Ltd.

     67,316         977,611  
     

 

 

 
Total Healthcare-Services               3,140,307  
Insurance – 8.5%      

AMP Ltd.

     365,438         1,984,943  

Insurance Australia Group Ltd.

     254,485         1,514,939  

QBE Insurance Group Ltd.

     88,613         1,248,100  

Suncorp Group Ltd.

     148,704         1,832,470  
     

 

 

 
Total Insurance               6,580,452  
Internet – 4.0%      

carsales.com Ltd.(a)

     143,089         1,402,267  

REA Group Ltd.

     31,439         908,243  

Seek Ltd.

     74,875         788,415  
     

 

 

 
Total Internet               3,098,925  
Leisure Time – 2.5%      

Flight Centre Ltd.(a)

     55,368         1,939,523  
Lodging – 1.8%      

Crown Ltd.

     94,669         1,213,975  

Echo Entertainment Group Ltd.

     48,597         176,313  
     

 

 

 
Total Lodging               1,390,288  
Media – 6.4%      

Fairfax Media Ltd.(a)

     1,817,499         1,193,745  

Seven West Media Ltd.

     1,807,682         3,788,042  
     

 

 

 
Total Media               4,981,787  
Mining – 6.3%      

BHP Billiton Ltd.

     22,571         770,888  

Iluka Resources Ltd.(a)

     91,184         888,847  

Mineral Resources Ltd.

     91,714         1,012,578  

Newcrest Mining Ltd.

     8,355         174,646  

Orica Ltd.

     32,195         820,661  

OZ Minerals Ltd.

     126,520         703,045  

Rio Tinto Ltd.

     8,861         528,415  
     

 

 

 
Total Mining               4,899,080  
Miscellaneous Manufacturing – 1.3%      

ALS Ltd.

     48,858         533,309  

Ansell Ltd.

     28,250         473,294  
     

 

 

 
Total Miscellaneous Manufacturing               1,006,603  
Oil & Gas – 3.7%      

Beach Energy Ltd.

     280,377         412,153  

Caltex Australia Ltd.

     50,608         1,126,455  

Santos Ltd.

     41,364         536,032  

Woodside Petroleum Ltd.

     21,989         821,160  
     

 

 

 
Total Oil & Gas               2,895,800  

 

See Notes to Financial Statements.

 

70   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Australia Dividend Fund (AUSE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Packaging & Containers – 1.2%      

Amcor Ltd.

     95,932       $ 928,129  
Retail – 6.4%      

Harvey Norman Holdings Ltd.(a)

     626,198         1,782,260  

Wesfarmers Ltd.

     39,211         1,643,352  

Wesfarmers Ltd. PPS

     35,767         1,521,386  
     

 

 

 
Total Retail               4,946,998  
Telecommunications – 4.3%      

Telstra Corp., Ltd.

     468,072         2,200,827  

TPG Telecom Ltd.

     347,443         1,141,014  
     

 

 

 
Total Telecommunications               3,341,841  
Transportation – 2.6%      

Aurizon Holdings Ltd.

     100,969         424,219  

Toll Holdings Ltd.

     252,709         1,562,328  
     

 

 

 
Total Transportation               1,986,547  
TOTAL COMMON STOCKS
(Cost: $63,923,278)
              76,494,993  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.0%      
United States – 11.0%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $8,530,037)(c)      8,530,037         8,530,037  
TOTAL INVESTMENTS IN SECURITIES – 110.1% (Cost: $72,453,315)         85,025,030  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (10.1)%

        (7,831,851
     

 

 

 
NET ASSETS – 100.0%             $ 77,193,179  

PPS – Price Protected Shares

 

(a) 

Security or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $8,087,650 and the total market value of the collateral held by the Fund was $8,530,037.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      71   


Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.4%      
Australia – 14.9%      

Amcor Ltd.

     45,364       $ 438,890  

AMP Ltd.

     114,868         623,927  

Australia & New Zealand Banking Group Ltd.

     114,334         3,400,744  

BHP Billiton Ltd.

     72,167         2,464,786  

Brambles Ltd.

     49,233         434,747  

Coca-Cola Amatil Ltd.

     34,728         527,879  

Commonwealth Bank of Australia

     62,798         4,452,617  

Macquarie Group Ltd.

     15,692         607,762  

National Australia Bank Ltd.

     114,876         3,693,520  

Newcrest Mining Ltd.

     2,684         56,104  

Orica Ltd.

     12,658         322,657  

Origin Energy Ltd.

     31,797         440,231  

QBE Insurance Group Ltd.

     59,820         842,555  

Rio Tinto Ltd.

     8,796         524,539  

Santos Ltd.

     24,854         322,080  

Suncorp Group Ltd.

     44,197         544,637  

Telstra Corp., Ltd.

     587,318         2,761,510  

Wesfarmers Ltd.

     44,866         1,880,356  

Westpac Banking Corp.

     156,998         5,034,741  

Woodside Petroleum Ltd.

     19,620         732,692  

Woolworths Ltd.

     37,648         1,326,254  
     

 

 

 
Total Australia               31,433,228  
Belgium – 1.1%      

Anheuser-Busch InBev N.V.

     14,820         1,470,095  

Belgacom S.A.(a)

     19,822         493,669  

Solvay S.A.

     2,184         296,292  
     

 

 

 
Total Belgium               2,260,056  
Denmark – 0.3%      

Novo Nordisk A/S Class B(a)

     4,146         674,872  
Finland – 0.5%      

Fortum Oyj

     23,957         483,597  

Kone Oyj Class B

     8,255         650,325  
     

 

 

 
Total Finland               1,133,922  
France – 11.4%      

Air Liquide S.A.

     5,379         654,662  

AXA S.A.

     86,876         1,495,985  

BNP Paribas S.A.

     25,991         1,336,336  

Carrefour S.A.

     42,745         1,172,151  

Casino Guichard Perrachon S.A.

     4,167         438,662  

Cie de Saint-Gobain

     12,205         453,247  

Cie Generale d’Optique Essilor International S.A.

     3,909         435,445  

Danone

     11,277         786,017  

EDF S.A.

     60,634         1,164,787  

France Telecom S.A.

     170,686         1,729,313  

GDF Suez

     92,318         1,780,553  

Hermes International

     912         317,192  

L’Oreal S.A.

     5,740         911,759  

LVMH Moet Hennessy Louis Vuitton S.A.

     4,734         813,968  

Pernod-Ricard S.A.

     4,418         551,487  

PPR

     2,055         452,294  

Safran S.A.

     7,243       $ 323,619  

Sanofi

     28,768         2,928,310  

Schneider Electric S.A.

     9,532         697,682  

Sodexo

     4,510         421,027  

Total S.A.

     73,647         3,532,664  

Vinci S.A.

     14,059         634,478  

Vivendi S.A.

     50,712         1,049,397  
     

 

 

 
Total France               24,081,035  
Germany – 9.8%      

Adidas AG

     5,115         531,627  

Allianz SE

     13,200         1,795,864  

BASF SE

     18,497         1,622,736  

Bayer AG

     14,385         1,486,423  

Bayerische Motoren Werke AG

     12,658         1,094,065  

Daimler AG

     31,617         1,723,240  

Deutsche Bank AG

     14,454         564,514  

Deutsche Boerse AG

     8,738         530,111  

Deutsche Post AG

     39,963         922,413  

Deutsche Telekom AG

     177,363         1,878,040  

E.ON AG

     78,165         1,367,061  

Linde AG

     3,374         628,437  

Muenchener Rueckversicherungs AG

     6,252         1,171,313  

RWE AG

     26,588         992,668  

SAP AG

     17,072         1,370,134  

Siemens AG

     20,114         2,170,358  

Volkswagen AG

     3,592         676,882  
     

 

 

 
Total Germany               20,525,886  
Hong Kong – 6.1%      

BOC Hong Kong Holdings Ltd.

     306,000         1,020,966  

Cheung Kong Holdings Ltd.

     57,000         841,491  

China Mobile Ltd.

     397,250         4,206,547  

China Unicom Hong Kong Ltd.(a)

     169,852         227,559  

CLP Holdings Ltd.

     52,500         459,894  

CNOOC Ltd.

     844,529         1,623,205  

Hang Seng Bank Ltd.

     50,495         809,856  

Hong Kong Exchanges and Clearing Ltd.

     26,900         458,114  

Hutchison Whampoa Ltd.

     79,000         823,314  

MTR Corp., Ltd.

     114,500         455,041  

Power Assets Holdings Ltd.

     49,500         467,092  

Sun Hung Kai Properties Ltd.

     59,442         800,968  

Wharf Holdings Ltd.

     62,000         552,698  
     

 

 

 
Total Hong Kong               12,746,745  
Ireland – 0.2%      

CRH PLC

     18,965         419,358  
Israel – 0.5%      

Israel Chemicals Ltd.

     49,599         641,440  

Teva Pharmaceutical Industries Ltd.

     11,301         445,292  
     

 

 

 
Total Israel               1,086,732  
Italy – 3.1%      

Assicurazioni Generali SpA

     29,502         459,906  

Enel SpA

     458,721         1,499,704  

ENI SpA

     138,032         3,107,136  

 

See Notes to Financial Statements.

 

72   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Intesa Sanpaolo SpA

     390,839       $ 573,142  

Snam SpA

     129,166         589,805  

Telecom Italia SpA

     448,508         317,337  
     

 

 

 
Total Italy               6,547,030  
Japan – 11.7%      

Astellas Pharma, Inc.(a)

     11,500         618,911  

Canon, Inc.

     27,900         1,023,772  

Chubu Electric Power Co., Inc.

     21,100         256,737  

Daiichi Sankyo Co., Ltd.(a)

     20,300         390,800  

Denso Corp.

     14,600         617,262  

East Japan Railway Co.(a)

     7,800         641,289  

Eisai Co., Ltd.(a)

     11,300         505,387  

FANUC Corp.

     2,500         382,631  

Hitachi Ltd.

     68,000         394,895  

Honda Motor Co., Ltd.(a)

     26,800         1,026,165  

ITOCHU Corp.(a)

     43,900         536,493  

Japan Tobacco, Inc.

     19,109         610,748  

Kansai Electric Power Co., Inc. (The)*

     31,500         298,516  

Kao Corp.

     18,400         594,937  

KDDI Corp.(a)

     14,640         611,168  

Kirin Holdings Co., Ltd.

     33,000         530,345  

Komatsu Ltd.

     15,700         372,879  

Kyocera Corp.

     3,100         283,227  

Mitsubishi Corp.

     42,400         793,703  

Mitsubishi Heavy Industries Ltd.

     88,000         507,296  

Mitsubishi UFJ Financial Group, Inc.(a)

     275,900         1,655,048  

Mitsui & Co., Ltd.

     52,200         731,755  

Mizuho Financial Group, Inc.

     657,698         1,406,055  

MS&AD Insurance Group Holdings

     22,000         487,407  

Nippon Telegraph & Telephone Corp.

     28,694         1,251,281  

Nissan Motor Co., Ltd.(a)

     79,700         768,857  

NTT DoCoMo, Inc.(a)

     987         1,465,488  

Oriental Land Co., Ltd.

     2,600         425,867  

Shin-Etsu Chemical Co., Ltd.

     8,600         568,028  

Sumitomo Corp.

     35,800         450,451  

Sumitomo Mitsui Financial Group, Inc.

     34,800         1,421,315  

Takeda Pharmaceutical Co., Ltd.(a)

     24,500         1,339,396  

Tokio Marine Holdings, Inc.

     17,100         491,793  

Toyota Motor Corp.(a)

     24,300         1,247,048  
     

 

 

 
Total Japan               24,706,950  
Netherlands – 1.9%      

European Aeronautic Defence and Space Co. N.V.(a)

     11,614         592,067  

Heineken N.V.

     10,513         793,785  

Koninklijke Ahold N.V.

     36,870         566,006  

Koninklijke Philips Electronics N.V.

     26,718         792,013  

Unilever N.V.

     30,635         1,257,058  
     

 

 

 
Total Netherlands               4,000,929  
Norway – 1.7%      

DNB ASA

     49,569         727,919  

Statoil ASA

     77,333         1,872,168  

Telenor ASA

     49,028         1,073,446  
     

 

 

 
Total Norway               3,673,533  
Singapore – 2.2%      

DBS Group Holdings Ltd.

     45,000       $ 580,364  

Jardine Cycle & Carriage Ltd.

     8,000         329,712  

Oversea-Chinese Banking Corp., Ltd.

     72,000         618,088  

Singapore Airlines Ltd.

     75,000         657,142  

Singapore Telecommunications Ltd.

     656,500         1,899,754  

United Overseas Bank Ltd.

     28,000         459,971  
     

 

 

 
Total Singapore               4,545,031  
Spain – 2.4%      

Banco Bilbao Vizcaya Argentaria S.A.

     118,441         1,028,585  

Banco Santander S.A.

     90,409         608,565  

CaixaBank

     146,671         497,218  

Gas Natural SDG S.A.

     35,176         623,790  

Iberdrola S.A.

     102,325         477,360  

Inditex S.A.

     5,174         686,982  

Repsol YPF S.A.

     52,473         1,067,982  
     

 

 

 
Total Spain               4,990,482  
Sweden – 3.2%      

Atlas Copco AB Class A(a)

     20,500         583,282  

Hennes & Mauritz AB Class B

     35,557         1,274,190  

Nordea Bank AB

     79,296         900,038  

Sandvik AB

     30,124         464,230  

Svenska Handelsbanken AB Class A(a)

     15,261         653,674  

Swedbank AB Class A

     28,620         652,335  

Telefonaktiebolaget LM Ericsson Class B

     59,447         742,402  

TeliaSonera AB(a)

     140,610         1,006,242  

Volvo AB Class B

     30,189         439,927  
     

 

 

 
Total Sweden               6,716,320  
Switzerland – 6.4%      

Nestle S.A.

     48,164         3,491,693  

Novartis AG

     59,176         4,215,028  

Roche Holding AG – Genusschein

     15,045         3,511,215  

SGS S.A.

     293         720,317  

Swisscom AG

     1,602         743,015  

Syngenta AG

     1,867         780,751  
     

 

 

 
Total Switzerland               13,462,019  
United Kingdom – 22.0%      

Anglo American PLC

     16,188         415,905  

Antofagasta PLC

     31,301         467,686  

Associated British Foods PLC

     19,043         549,690  

AstraZeneca PLC

     42,628         2,135,717  

Aviva PLC

     158,899         714,672  

BAE Systems PLC

     119,488         715,405  

Barclays PLC

     233,245         1,031,169  

BG Group PLC

     24,471         419,514  

BHP Billiton PLC

     46,755         1,359,557  

BP PLC

     449,018         3,135,652  

British American Tobacco PLC

     34,205         1,831,875  

British Sky Broadcasting Group PLC

     45,569         610,985  

BT Group PLC

     190,703         805,013  

Centrica PLC

     131,314         733,171  

Compass Group PLC

     58,089         741,365  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      73   


Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 28, 2013

 

  

 

 

Investments    Shares      Value  

Diageo PLC

     29,423       $ 927,056  

Fresnillo PLC

     21,445         441,557  

GlaxoSmithKline PLC

     137,438         3,210,739  

HSBC Holdings PLC

     444,008         4,736,285  

Imperial Tobacco Group PLC

     23,505         820,540  

Legal & General Group PLC

     222,273         582,881  

National Grid PLC

     101,297         1,176,681  

Old Mutual PLC

     144,988         446,259  

Pearson PLC

     27,351         491,729  

Prudential PLC

     37,657         608,970  

Reckitt Benckiser Group PLC

     15,707         1,125,257  

Rio Tinto PLC

     25,831         1,210,033  

Royal Dutch Shell PLC Class A

     101,479         3,280,594  

Royal Dutch Shell PLC Class B

     59,596         1,977,285  

SABMiller PLC

     16,016         842,428  

SSE PLC

     15,079         339,787  

Standard Chartered PLC

     50,987         1,318,871  

Tesco PLC

     212,241         1,229,650  

Unilever PLC

     28,049         1,185,734  

Vodafone Group PLC

     1,390,916         3,941,062  

Xstrata PLC

     47,558         771,251  
     

 

 

 
Total United Kingdom               46,332,025  
TOTAL COMMON STOCKS
(Cost: $192,713,331)
              209,336,153  
EXCHANGE-TRADED FUNDS – 0.0%      
United States – 0.0%      

WisdomTree International MidCap Dividend Fund(b)

     
(Cost: $675)      13         675  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1%      
United States – 5.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $10,651,082)(d)      10,651,082         10,651,082   
TOTAL INVESTMENTS IN SECURITIES – 104.5%
(Cost: $203,365,088)
         219,987,910   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (4.5)%

        (9,446,980
     

 

 

 
NET ASSETS – 100.0%             $ 210,540,930  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $12,505,669 and the total market value of the collateral held by the Fund was $13,150,896 (includes non-cash U.S. Treasury securities collateral having a value of $2,499,814).

 

See Notes to Financial Statements.

 

74   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
Australia – 12.0%      

Amcor Ltd.

     385,964       $ 3,734,148  

BHP Billiton Ltd.

     92,163         3,147,728  

Coca-Cola Amatil Ltd.

     263,391         4,003,641  

Orica Ltd.

     130,416         3,324,348  

Origin Energy Ltd.

     255,826         3,541,926  

Telstra Corp., Ltd.

     1,893,797         8,904,441  

Wesfarmers Ltd.

     159,011         6,664,229  

Woodside Petroleum Ltd.

     90,582         3,382,706  

Woolworths Ltd.

     152,842         5,384,280  
     

 

 

 
Total Australia               42,087,447  
Austria – 1.3%      

OMV AG

     107,490         4,579,073  
Belgium – 1.6%      

Belgacom S.A.(a)

     228,342         5,686,882  
Finland – 1.4%      

Fortum Oyj

     236,015         4,764,208  
France – 14.1%      

Carrefour S.A.

     275,438         7,553,044  

Casino Guichard Perrachon S.A.

     32,387         3,409,394  

Cie Generale des Etablissements

     46,301         3,879,444  

EDF S.A.

     232,440         4,465,202  

France Telecom S.A.

     686,241         6,952,680  

GDF Suez

     272,805         5,261,637  

Sanofi

     41,863         4,261,258  

Total S.A.

     91,005         4,365,285  

Vinci S.A.

     81,077         3,658,978  

Vivendi S.A.

     262,414         5,430,201  
     

 

 

 
Total France               49,237,123  
Germany – 11.7%      

BASF SE

     38,436         3,371,977  

Bayer AG

     29,856         3,085,064  

Bayerische Motoren Werke AG

     31,520         2,724,359  

Daimler AG

     82,871         4,516,767  

Deutsche Post AG

     189,597         4,376,218  

Deutsche Telekom AG

     525,999         5,569,637  

E.ON AG

     219,706         3,842,533  

Metro AG

     126,637         3,606,789  

RWE AG

     112,880         4,214,396  

SAP AG

     24,143         1,937,626  

Siemens AG

     32,860         3,545,688  
     

 

 

 
Total Germany               40,791,054  
Hong Kong – 0.8%      

SJM Holdings Ltd.

     1,201,000         2,998,381  
Ireland – 1.0%      

CRH PLC

     160,958         3,559,134  
Israel – 1.7%      

Israel Chemicals Ltd.

     452,360         5,850,153  
Italy – 5.8%      

Enel SpA

     2,325,481         7,602,734  
     

ENI SpA

     202,121       $ 4,549,796  

Snam SpA

     1,090,549         4,979,727  

Telecom Italia SpA

     4,482,823         3,171,771  
     

 

 

 
Total Italy               20,304,028  
Japan – 10.8%      

Astellas Pharma, Inc.

     63,000         3,390,555  

Canon, Inc.

     57,400         2,106,254  

Daiichi Sankyo Co., Ltd.

     185,700         3,574,952  

Eisai Co., Ltd.(a)

     69,800         3,121,772  

FUJIFILM Holdings Corp.

     79,200         1,561,761  

Fujitsu Ltd.

     394,000         1,638,524  

Hoya Corp.

     50,800         954,189  

ITOCHU Corp.(a)

     267,700         3,271,509  

JX Holdings, Inc.

     512,400         2,872,100  

Kyocera Corp.

     13,500         1,233,408  

Mitsui & Co., Ltd.

     208,400         2,921,412  

Murata Manufacturing Co., Ltd.

     26,900         2,025,654  

Sumitomo Corp.(a)

     198,000         2,491,321  

Takeda Pharmaceutical Co., Ltd.

     79,600         4,351,670  

Toshiba Corp.

     443,000         2,242,799  
     

 

 

 
Total Japan               37,757,880  
Netherlands – 3.4%      

Akzo Nobel N.V.

     50,600         3,217,583  

Koninklijke Ahold N.V.

     232,830         3,574,268  

Koninklijke Philips Electronics N.V.

     177,383         5,258,241  
     

 

 

 
Total Netherlands               12,050,092  
Norway – 0.9%      

Statoil ASA

     123,860         2,998,548  
Singapore – 4.9%      

Jardine Cycle & Carriage Ltd.

     65,000         2,678,905  

Singapore Airlines Ltd.

     970,000         8,499,033  

Singapore Telecommunications Ltd.

     2,050,000         5,932,210  
     

 

 

 
Total Singapore               17,110,148  
Spain – 3.7%      

Abertis Infraestructuras, S.A.(a)

     310,997         5,235,492  

Repsol YPF S.A.

     379,469         7,723,322  
     

 

 

 
Total Spain               12,958,814  
Sweden – 4.3%      

Hennes & Mauritz AB Class B

     85,828         3,075,657  

Svenska Cellulosa AB Class B

     162,949         4,210,309  

Telefonaktiebolaget LM Ericsson Class B

     269,814         3,369,563  

TeliaSonera AB

     624,504         4,469,113  
     

 

 

 
Total Sweden               15,124,642  
Switzerland – 2.1%      

Novartis AG

     49,717         3,541,276  

Roche Holding AG-Genusschein

     16,237         3,789,405  
     

 

 

 
Total Switzerland               7,330,681  
United Kingdom – 18.0%      

AstraZeneca PLC

     112,017         5,612,195  

BAE Systems PLC

     1,096,859         6,567,170  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      75   


Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

BHP Billiton PLC

     102,667       $ 2,985,385  

BP PLC

     510,408         3,564,360  

British American Tobacco PLC

     56,639         3,033,344  

British Sky Broadcasting Group PLC

     218,167         2,925,166  

Centrica PLC

     681,844         3,806,969  

Fresnillo PLC

     144,526         2,975,818  

GlaxoSmithKline PLC

     148,174         3,461,547  

Imperial Tobacco Group PLC

     73,749         2,574,517  

Kingfisher PLC

     494,472         2,160,893  

National Grid PLC

     375,281         4,359,320  

Pearson PLC

     133,657         2,402,946  

Reed Elsevier PLC

     403,239         4,782,052  

Royal Dutch Shell PLC Class B

     106,209         3,523,818  

SSE PLC

     180,646         4,070,642  

Tesco PLC

     695,786         4,031,140  
     

 

 

 
Total United Kingdom               62,837,282  
TOTAL COMMON STOCKS
(Cost: $314,111,685)
              348,025,570  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree International LargeCap Dividend Fund(a)(b)

     
(Cost: $24,417)      589         27,106  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.4%      
United States – 3.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $11,941,002)(d)      11,941,002         11,941,002  
TOTAL INVESTMENTS IN SECURITIES – 102.9%
(Cost: $326,077,104)
         359,993,678  

Liabilities in Excess of Foreign Currency and Other Assets – (2.9)%

        (10,312,182
     

 

 

 
NET ASSETS – 100.0%             $ 349,681,496  
(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $11,316,446 and the total market value of the collateral held by the Fund was $11,941,002.

 

See Notes to Financial Statements.

 

76   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.7%      
Australia – 9.5%      

Adelaide Brighton Ltd.

     55,122       $ 203,435  

AGL Energy Ltd.

     27,718         458,313  

ALS Ltd./Queensland

     11,016         120,245  

Ansell Ltd.

     8,241         138,068  

Atlas Iron Ltd.

     30,020         34,740  

Aurizon Holdings Ltd.

     53,968         226,745  

Bank of Queensland Ltd.

     39,642         398,822  

Bendigo and Adelaide Bank Ltd.(a)

     54,509         583,627  

Boral Ltd.

     55,586         284,540  

Caltex Australia Ltd.

     15,762         350,837  

Cochlear Ltd.

     3,172         225,039  

Computershare Ltd.

     26,705         283,981  

Crown Ltd.

     49,681         637,077  

Flight Centre Ltd.(a)

     8,552         299,574  

GrainCorp Ltd. Class A

     9,414         114,634  

Harvey Norman Holdings Ltd.(a)

     87,589         249,292  

Iluka Resources Ltd.(a)

     38,092         371,315  

Incitec Pivot Ltd.

     83,792         269,934  

Insurance Australia Group Ltd.

     116,130         691,317  

Leighton Holdings Ltd.

     10,441         223,583  

Lend Lease Group

     18,054         191,986  

Metcash Ltd.

     86,218         372,130  

Mineral Resources Ltd.

     13,076         144,367  

Monadelphous Group Ltd.(a)

     5,754         136,174  

New Hope Corp., Ltd.

     38,365         158,790  

OZ Minerals Ltd.

     23,908         132,852  

Platinum Asset Management Ltd.(a)

     51,468         277,948  

Ramsay Health Care Ltd.

     11,184         376,614  

REA Group Ltd.

     5,440         157,156  

Seek Ltd.(a)

     15,690         165,212  

Sonic Healthcare Ltd.

     24,476         355,458  

Sydney Airport(a)

     135,344         462,817  

TABCORP Holdings Ltd.

     111,097         374,112  

Tatts Group Ltd.

     167,611         553,935  

Toll Holdings Ltd.

     48,906         302,353  

Treasury Wine Estates Ltd.

     19,558         116,020  

UGL Ltd.(a)

     17,124         182,811  

Wesfarmers Ltd. PPS

     10,143         431,443  

WorleyParsons Ltd.

     11,932         307,136  
     

 

 

 
Total Australia               11,364,432  
Austria – 1.6%      

Andritz AG(a)

     3,930         264,134  

Lenzing AG

     1,098         92,069  

Oesterreichische Post AG

     3,450         148,831  

Raiffeisen Bank International AG(a)

     11,138         379,225  

Strabag SE

     4,578         102,787  

Telekom Austria AG

     16,556         108,828  

Verbund AG

     11,138         241,852  

Vienna Insurance Group AG Wiener Versicherung Gruppe

     6,308         306,022  

Voestalpine AG

     7,974         245,285  
     

 

 

 
Total Austria               1,889,033  
     
Belgium – 1.7%      

Ageas

     16,529       $ 560,018  

Colruyt S.A.

     4,313         208,933  

Delhaize Group S.A.

     8,692         474,973  

D’ieteren S.A./N.V.

     2,092         95,768  

Elia System Operator S.A/N.V.

     2,327         99,803  

Mobistar S.A.

     8,433         189,721  

Telenet Group Holding N.V.

     2,864         141,884  

Umicore S.A.

     4,290         201,869  
     

 

 

 
Total Belgium               1,972,969  
Denmark – 1.2%      

Chr Hansen Holding A/S

     2,826         105,047  

Coloplast A/S Class B

     3,415         184,059  

FLSmidth & Co. A/S

     2,137         129,608  

H. Lundbeck A/S(a)

     5,708         105,301  

TDC A/S

     103,548         797,099  

Tryg A/S

     1,778         143,759  
     

 

 

 
Total Denmark               1,464,873  
Finland – 2.7%      

Cargotec Oyj Class B(a)

     4,182         128,399  

Elisa Oyj(a)

     13,726         255,394  

Kesko Oyj Class B

     5,303         165,949  

Metso Oyj(a)

     9,643         410,978  

Neste Oil Oyj(a)

     15,325         216,467  

Nokian Renkaat Oyj

     5,320         237,050  

Orion Oyj Class B

     9,458         248,851  

Pohjola Bank PLC Class A(a)

     19,571         284,987  

Stora Enso Oyj Class R

     47,003         303,895  

UPM-Kymmene Oyj(a)

     40,310         450,589  

Wartsila Oyj Abp

     7,429         334,362  

YIT Oyj

     7,214         150,532  
     

 

 

 
Total Finland               3,187,453  
France – 8.4%      

Accor S.A.

     6,618         230,300  

Aeroports de Paris

     2,359         200,441  

Alstom S.A.

     8,210         334,723  

Arkema S.A.

     1,314         119,748  

Bouygues S.A.

     27,298         741,729  

Cap Gemini S.A.

     5,664         258,196  

CNP Assurances

     62,074         853,287  

Edenred

     7,261         238,038  

Eiffage S.A.

     5,173         219,274  

Euler Hermes S.A.

     4,350         401,454  

Eutelsat Communications S.A.

     10,988         388,087  

Groupe Eurotunnel S.A.

     7,688         61,346  

Havas S.A.

     13,076         82,930  

Imerys S.A.

     3,181         207,463  

Ipsen S.A.

     1,950         69,874  

JC Decaux S.A.

     6,692         183,722  

Klepierre

     11,545         454,310  

Lagardere SCA

     10,447         385,345  

Legrand S.A.

     8,879         387,880  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      77   


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Natixis

     186,126       $ 707,931  

Neopost S.A.

     4,262         255,773  

Remy Cointreau S.A.

     1,350         156,295  

Rexel S.A.

     12,457         272,332  

SCOR SE

     13,351         384,026  

SEB S.A.

     1,607         111,308  

Societe BIC S.A.

     2,725         316,990  

Suez Environnement Co.

     40,123         512,591  

Thales S.A.

     4,926         208,709  

Valeo S.A.

     3,764         204,040  

Vallourec S.A.

     6,172         297,205  

Veolia Environnement S.A.

     41,840         528,563  

Zodiac Aerospace

     2,027         236,601  
     

 

 

 
Total France               10,010,511  
Germany – 3.7%      

Aurubis AG

     800         50,933  

Axel Springer AG(a)

     5,929         257,372  

Bilfinger SE

     2,438         253,675  

Brenntag AG

     994         155,465  

Carl Zeiss Meditec AG

     1,813         57,422  

Celesio AG(a)

     2,950         55,496  

Fielmann AG

     2,107         194,803  

Fraport AG Frankfurt Airport Services Worldwide

     3,316         186,184  

Freenet AG(a)

     13,700         333,459  

GEA Group AG

     6,656         219,742  

Hannover Rueckversicherung AG

     7,048         553,790  

HeidelbergCement AG

     3,431         246,986  

Infineon Technologies AG

     24,788         196,074  

K+S AG

     9,100         424,001  

Lanxess AG

     1,471         104,495  

Rhoen Klinikum AG

     3,927         83,481  

Salzgitter AG

     1,674         67,314  

Software AG

     2,614         101,236  

Suedzucker AG

     5,645         238,846  

Symrise AG

     6,030         239,340  

United Internet AG Registered Shares

     7,741         188,566  

Wacker Chemie AG

     2,666         191,129  
     

 

 

 
Total Germany               4,399,809  
Hong Kong – 4.4%      

Bank of East Asia Ltd.(a)

     88,400         348,469  

Beijing Enterprises Holdings Ltd.

     20,700         159,464  

China Agri-Industries Holdings Ltd.

     100,000         51,658  

China Merchants Holdings International Co., Ltd.

     122,200         400,635  

China Resources Enterprise Ltd.

     56,600         167,700  

China Resources Power Holdings Co., Ltd.

     116,800         349,829  

Citic Pacific Ltd.(a)

     170,500         221,399  

Dah Chong Hong Holdings Ltd.

     80,200         75,937  

Fosun International Ltd.

     315,400         214,529  

Franshion Properties China Ltd.

     182,100         59,585  

Guangdong Investment Ltd.

     232,208         204,010  

Hang Lung Group Ltd.

     28,000         157,266  

HKT Trust and HKT Ltd.

     62,000         62,059  

Hopewell Holdings Ltd.

     65,662         266,026  
     

Hysan Development Co., Ltd.

     40,000       $ 201,993  

New World Development Co., Ltd.

     288,482         488,319  

PCCW Ltd.

     485,000         224,923  

Shanghai Industrial Holdings Ltd.

     59,500         187,024  

Shougang Fushan Resources Group Ltd.(a)

     520,700         232,088  

Sino Land Co., Ltd.

     243,400         412,635  

Sino-Ocean Land Holdings Ltd.

     326,000         196,541  

Techtronic Industries Co., Ltd.

     24,000         58,434  

Television Broadcasts Ltd.

     27,224         206,214  

Wheelock & Co., Ltd.

     26,000         138,496  

Yuexiu Property Co., Ltd.

     453,100         130,747  
     

 

 

 
Total Hong Kong               5,215,980  
Ireland – 0.5%      

DCC PLC

     3,585         126,366  

Dragon Oil PLC

     20,697         203,580  

Kerry Group PLC Class A

     2,437         145,468  

Paddy Power PLC

     958         86,603  
     

 

 

 
Total Ireland               562,017  
Israel – 0.9%      

Azrieli Group

     2,100         58,535  

Bank Hapoalim Bm*

     28,866         130,897  

Bank Leumi Le-Israel BM*

     54,494         192,230  

Bezeq The Israeli Telecommunication Corp., Ltd.

     533,967         740,509  
     

 

 

 
Total Israel               1,122,171  
Italy – 3.8%      

Atlantia SpA

     53,132         840,554  

Autogrill SpA

     16,397         194,341  

Banca Carige SpA(a)

     323,442         215,765  

Davide Campari-Milano SpA

     10,988         85,646  

De’Longhi SpA

     7,842         123,658  

Enel Green Power SpA

     140,784         264,482  

Lottomatica Group SpA

     10,148         238,859  

Mediaset SpA

     60,567         123,894  

Mediobanca SpA

     61,501         313,524  

Mediolanum SpA

     55,504         305,475  

Parmalat SpA

     127,632         326,145  

Pirelli & C SpA(a)

     20,144         211,721  

Prysmian SpA

     5,152         106,182  

Telecom Italia SpA RSP

     524,968         323,573  

Terna Rete Elettrica Nazionale SpA

     155,799         646,198  

Tod’s SpA

     1,076         154,335  
     

 

 

 
Total Italy               4,474,352  
Japan – 20.5%      

ABC-Mart, Inc.

     1,678         63,982  

Air Water, Inc.

     7,000         97,384  

Alfresa Holdings Corp.

     1,000         54,350  

All Nippon Airways Co., Ltd.(a)

     60,000         123,803  

Amada Co., Ltd.(a)

     13,000         85,865  

Aozora Bank Ltd.

     113,000         318,496  

Asahi Glass Co., Ltd.

     67,000         463,912  

Asahi Kasei Corp.

     48,000         323,165  

Asics Corp.

     5,000         82,323  

 

See Notes to Financial Statements.

 

78   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Bank of Kyoto Ltd. (The)

     13,000       $ 127,069  

Bank of Yokohama Ltd. (The)

     36,000         208,296  

Brother Industries Ltd.

     8,100         83,309  

Canon Marketing Japan, Inc.

     5,200         77,043  

Century Tokyo Leasing Corp.

     2,000         51,840  

Chiba Bank Ltd. (The)

     29,000         208,509  

Chugoku Bank Ltd. (The)

     6,000         96,873  

Chugoku Electric Power Co., Inc. (The)

     13,900         181,401  

Citizen Holdings Co., Ltd.

     10,400         52,984  

Coca-Cola West Co., Ltd.

     5,200         90,593  

Cosmo Oil Co., Ltd.(a)

     44,000         92,661  

Dai Nippon Printing Co., Ltd.(a)

     46,000         437,886  

Daihatsu Motor Co., Ltd.(a)

     17,000         352,223  

Daikin Industries Ltd.

     6,700         262,598  

Dainippon Sumitomo Pharma Co., Ltd.(a)

     15,300         270,459  

Daito Trust Construction Co., Ltd.

     4,500         385,769  

Daiwa House Industry Co., Ltd.

     16,000         312,274  

Daiwa Securities Group, Inc.

     60,000         422,463  

Dena Co., Ltd.(a)

     3,800         103,467  

DIC Corp.

     44,000         94,065  

Dowa Holdings Co., Ltd.

     10,000         78,175  

Electric Power Development Co., Ltd.

     5,700         145,077  

FamilyMart Co., Ltd.

     3,700         169,023  

Fuji Electric Co., Ltd.

     32,000         93,597  

Fuji Heavy Industries Ltd.

     13,000         205,190  

Fukuoka Financial Group, Inc.

     44,000         219,953  

Gunma Bank Ltd. (The)

     14,000         83,386  

Hachijuni Bank Ltd. (The)

     11,000         65,635  

Hamamatsu Photonics K.K.

     2,200         86,928  

Hankyu Hanshin Holdings, Inc.

     26,000         156,796  

Hikari Tsushin, Inc.

     1,000         49,883  

Hiroshima Bank Ltd. (The)

     34,000         164,178  

Hisamitsu Pharmaceutical Co., Inc.

     2,900         156,690  

Hitachi Capital Corp.

     7,400         161,978  

Hitachi Chemical Co., Ltd.(a)

     7,200         109,815  

Hitachi Construction Machinery Co., Ltd.(a)

     5,600         119,719  

Hitachi High-Technologies Corp.

     3,100         64,690  

Hokkaido Electric Power Co., Inc.

     14,600         149,075  

Hokuhoku Financial Group, Inc.

     51,000         103,606  

Hokuriku Electric Power Co.

     7,000         86,290  

Ibiden Co., Ltd.

     5,000         77,962  

Idemitsu Kosan Co., Ltd.

     1,400         121,655  

IHI Corp.(a)

     49,000         148,532  

Isetan Mitsukoshi Holdings Ltd.

     8,500         122,501  

Itochu Techno-Solutions Corp.

     2,200         108,807  

Iyo Bank Ltd. (The)

     12,000         111,168  

J Front Retailing Co., Ltd.

     13,000         101,212  

JGC Corp.

     4,000         102,361  

Joyo Bank Ltd. (The)

     39,000         216,943  

JSR Corp.

     8,100         165,412  

Kajima Corp.

     42,000         113,912  

Kaneka Corp.

     19,000         109,530  

Kansai Paint Co., Ltd.(a)

     9,000         99,745  

Kawasaki Heavy Industries Ltd.(a)

     47,000         147,969  
     

Keikyu Corp.(a)

     13,000       $ 135,641  

Keio Corp.

     16,000         137,332  

Kintetsu Corp.(a)

     46,000         214,295  

Koito Manufacturing Co., Ltd.

     4,000         68,709  

Konami Corp.(a)

     5,200         103,701  

Konica Minolta Holdings, Inc.

     17,500         127,499  

Kuraray Co., Ltd.(a)

     14,000         196,703  

Kurita Water Industries Ltd.

     4,100         90,835  

Kyowa Hakko Kirin Co., Ltd.

     13,000         147,118  

Kyushu Electric Power Co., Inc.*

     25,100         255,752  

Lawson, Inc.

     4,500         345,565  

LIXIL Group Corp.

     8,700         173,223  

Makita Corp.(a)

     4,600         204,020  

Marui Group Co., Ltd.

     12,600         130,396  

MEIJI Holdings Co., Ltd.

     2,100         96,155  

Miraca Holdings, Inc.

     1,000         47,969  

Mitsubishi Chemical Holdings Corp.(a)

     57,000         270,389  

Mitsubishi Gas Chemical Co., Inc.

     16,000         105,509  

Mitsubishi Tanabe Pharma Corp.

     16,500         252,712  

Mitsui Chemicals, Inc.(a)

     50,000         108,488  

Nabtesco Corp.(a)

     2,000         40,885  

Namco Bandai Holdings, Inc.

     10,500         185,386  

NGK Insulators Ltd.(a)

     10,000         106,254  

NGK Spark Plug Co., Ltd.(a)

     5,000         76,420  

Nippon Electric Glass Co., Ltd.

     23,000         114,242  

Nippon Express Co., Ltd.

     33,000         157,945  

Nippon Meat Packers, Inc.(a)

     5,000         80,674  

Nippon Shokubai Co., Ltd.

     7,000         61,572  

Nishi-Nippon City Bank Ltd. (The)

     53,000         163,476  

Nisshin Seifun Group, Inc.(a)

     6,000         79,132  

Nissin Foods Holdings Co., Ltd.

     3,800         174,399  

Nitori Holdings Co., Ltd.

     500         38,556  

Nitto Denko Corp.

     5,600         335,333  

NKSJ Holdings, Inc.

     23,728         496,920  

Nomura Real Estate Holdings, Inc.

     6,000         134,014  

Nomura Research Institute Ltd.

     9,700         250,496  

Obayashi Corp.

     26,000         124,165  

Odakyu Electric Railway Co., Ltd.(a)

     13,000         161,774  

OJI Paper Co., Ltd.(a)

     56,000         209,658  

Oracle Corp.

     2,968         133,689  

Osaka Gas Co., Ltd.

     54,000         236,056  

Park24 Co., Ltd.

     3,000         58,711  

Ricoh Co., Ltd.(a)

     32,000         346,479  

Rohm Co., Ltd.

     3,000         103,861  

Sankyo Co., Ltd.

     5,000         233,993  

Sanrio Co., Ltd.(a)

     500         22,150  

Sega Sammy Holdings, Inc.

     9,500         190,465  

Seiko Epson Corp.(a)

     11,000         106,467  

Sekisui Chemical Co., Ltd.

     11,000         121,208  

Sekisui House Ltd.

     29,000         393,267  

Shikoku Electric Power Co., Inc.*

     6,800         96,771  

Shimamura Co., Ltd.

     1,100         128,462  

Shimizu Corp.

     27,000         88,449  

Shinsei Bank Ltd.

     67,000         153,212  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      79   


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Shionogi & Co., Ltd.(a)

     11,400       $ 230,498  

Shiseido Co., Ltd.(a)

     17,100         239,531  

Shizuoka Bank Ltd. (The)

     10,000         112,636  

Showa Denko K.K.(a)

     31,000         46,490  

Showa Shell Sekiyu K.K.

     22,600         159,849  

Sojitz Corp.

     63,900         99,907  

Sony Financial Holdings, Inc.

     8,609         128,192  

Square Enix Holdings Co., Ltd.(a)

     4,200         44,984  

Sumitomo Chemical Co., Ltd.

     80,000         250,160  

Sumitomo Heavy Industries Ltd.

     26,000         102,595  

Sumitomo Metal Mining Co., Ltd.

     23,000         324,867  

Sumitomo Rubber Industries Ltd.

     6,200         103,531  

Suzuken Co., Ltd.

     2,200         79,675  

T&D Holdings, Inc.

     23,700         282,071  

Taiheiyo Cement Corp.

     9,000         21,538  

Taisei Corp.

     41,000         113,816  

Takashimaya Co., Ltd.

     10,000         98,915  

TDK Corp.(a)

     3,300         115,300  

Teijin Ltd.

     35,000         80,781  

Terumo Corp.

     3,200         136,992  

Tobu Railway Co., Ltd.

     25,000         143,321  

Toho Co., Ltd.

     4,300         89,823  

Toho Gas Co., Ltd.(a)

     11,000         69,964  

Tokyo Electron Ltd.

     4,000         169,751  

Tokyu Corp.

     23,000         170,017  

Tokyu Land Corp.

     21,000         197,001  

TonenGeneral Sekiyu K.K.

     33,104         327,801  

Toppan Printing Co., Ltd.(a)

     16,000         115,039  

Toyo Seikan Kaisha Ltd.

     5,200         71,568  

Toyo Suisan Kaisha Ltd.

     4,000         123,378  

Toyoda Gosei Co., Ltd.

     4,000         95,767  

Toyota Boshoku Corp.(a)

     6,800         95,758  

Toyota Tsusho Corp.

     9,000         229,547  

Trend Micro, Inc.

     6,900         193,085  

Ube Industries Ltd.(a)

     48,000         94,448  

USS Co., Ltd.

     1,360         156,222  

West Japan Railway Co.

     6,276         301,718  

Yamada Denki Co., Ltd.(a)

     2,970         135,833  

Yamaguchi Financial Group, Inc.

     7,000         69,762  

Yamaha Motor Co., Ltd.

     10,400         140,038  

Yamato Holdings Co., Ltd.

     9,700         175,595  

Yaskawa Electric Corp.(a)

     7,000         70,060  
     

 

 

 
Total Japan               24,366,831  
Netherlands – 3.0%      

Aegon N.V.

     66,730         401,962  

Delta Lloyd N.V.

     21,804         374,620  

Fugro N.V.

     3,228         178,984  

Gemalto N.V.

     772         67,460  

Koninklijke Boskalis Westminster N.V.

     5,227         208,005  

Koninklijke Vopak N.V.

     3,349         202,250  

Randstad Holding N.V.(a)

     9,905         406,245  

Reed Elsevier N.V.

     39,758         682,326  

STMicroelectronics N.V.

     80,301         616,624  
     

Wolters Kluwer N.V.

     19,464       $ 425,768  
     

 

 

 
Total Netherlands               3,564,244  
New Zealand – 1.0%      

Auckland International Airport Ltd.

     64,297         158,679  

Fletcher Building Ltd.

     62,048         445,608  

Telecom Corp. of New Zealand Ltd.

     211,207         414,160  

Vector Ltd.

     91,938         219,576  
     

 

 

 
Total New Zealand               1,238,023  
Norway – 2.1%      

Aker ASA Class A

     5,960         223,787  

Aker Solutions ASA

     15,584         290,171  

Fred Olsen Energy ASA

     4,704         201,629  

Gjensidige Forsikring ASA

     34,248         565,760  

Kongsberg Gruppen AS

     3,911         77,784  

Norsk Hydro ASA(a)

     86,146         372,795  

Orkla ASA

     58,255         466,439  

Petroleum Geo-Services ASA

     2,302         35,522  

Schibsted ASA

     2,682         119,558  

TGS Nopec Geophysical Co. ASA

     5,394         203,460  
     

 

 

 
Total Norway               2,556,905  
Portugal – 2.0%      

EDP-Energias de Portugal S.A.

     429,373         1,324,361  

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

     207,278         1,028,464  
     

 

 

 
Total Portugal               2,352,825  
Singapore – 4.5%      

City Developments Ltd.

     21,000         191,786  

ComfortDelGro Corp., Ltd.

     116,000         178,591  

Cosco Corp. Singapore Ltd.(a)

     102,000         74,819  

First Resources Ltd.

     37,000         54,579  

Hutchison Port Holdings Trust Class U

     647,434         550,319  

Keppel Land Ltd.

     117,000         371,578  

M1 Ltd.

     62,000         147,928  

Olam International Ltd.

     98,000         135,870  

SATS Ltd.

     77,000         188,683  

SembCorp Industries Ltd.

     77,000         322,126  

SembCorp Marine Ltd.(a)

     186,360         665,464  

SIA Engineering Co., Ltd.

     82,536         315,348  

Singapore Exchange Ltd.

     59,000         366,194  

Singapore Press Holdings Ltd.(a)

     136,148         491,652  

Singapore Technologies Engineering Ltd.

     167,000         580,179  

StarHub Ltd.

     126,594         443,885  

Venture Corp., Ltd.

     23,000         160,551  

Yangzijiang Shipbuilding Holdings Ltd.(a)

     230,000         179,832  
     

 

 

 
Total Singapore               5,419,384  
Spain – 5.2%      

Acciona S.A.(a)

     6,256         341,657  

Acerinox S.A.

     20,206         207,572  

ACS Actividades de Construccion y Servicios, S.A.(a)

     53,714         1,255,674  

Amadeus IT Holding S.A. Class A

     15,480         418,926  

Banco Espanol de Credito S.A.*

     25,407         105,705  

Ebro Foods S.A.

     10,419         207,375  

 

See Notes to Financial Statements.

 

80   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Enagas S.A.

     19,934       $ 464,974  

Ferrovial S.A.

     46,510         739,376  

Mapfre S.A.

     331,040         1,024,888  

Obrascon Huarte Lain S.A.

     9,972         328,321  

Prosegur Cia de Seguridad S.A.

     16,798         92,752  

Red Electrica Corp. S.A.

     9,530         480,320  

Tecnicas Reunidas S.A.

     3,386         158,940  

Viscofan S.A.

     1,568         82,361  

Zardoya Otis S.A.

     21,937         293,806  
     

 

 

 
Total Spain               6,202,647  
Sweden – 5.1%      

Alfa Laval AB

     12,390         286,026  

Atlas Copco AB Class B

     19,410         491,370  

Boliden AB

     13,729         221,497  

Castellum AB(a)

     11,072         158,025  

Electrolux AB Series B(a)

     15,709         400,577  

Elekta AB Class B(a)

     5,791         88,130  

Getinge AB Class B

     6,376         195,143  

Hexagon AB Class B

     5,043         137,670  

Husqvarna AB Class B

     26,540         156,987  

Investment AB Latour Class B(a)

     9,837         223,912  

Lundbergforetagen AB Class B

     3,400         135,644  

Meda AB Class A

     10,391         123,455  

Modern Times Group AB Class B

     2,777         110,747  

Ratos AB Class B

     28,217         298,791  

Scania AB Class B

     13,896         291,299  

Securitas AB Class B

     16,652         157,121  

Skanska AB Class B

     22,389         405,633  

SKF AB Class B

     15,794         385,984  

SSAB AB Class A

     7,300         55,755  

Swedish Match AB

     9,869         307,059  

Tele2 AB Class B

     54,418         949,093  

Trelleborg AB Class B

     7,858         108,044  

Volvo AB Class A

     29,283         426,725  
     

 

 

 
Total Sweden               6,114,687  
Switzerland – 1.5%      

Baloise Holding AG

     3,601         338,063  

Panalpina Welttransport Holding AG

     680         60,105  

Partners Group Holding AG

     1,647         407,510  

Schindler Holding AG

     1,673         239,215  

Schindler Holding AG Participating Shares

     1,682         247,073  

Straumann Holding AG

     366         49,434  

Sulzer AG

     1,375         235,519  

Swatch Group AG (The)

     2,304         234,427  
     

 

 

 
Total Switzerland               1,811,346  
United Kingdom – 15.4%      

Aberdeen Asset Management PLC

     73,171         476,869  

Admiral Group PLC

     22,089         446,767  

African Barrick Gold PLC

     11,315         33,177  

AMEC PLC

     12,191         195,481  

Amlin PLC

     34,520         221,986  

Ashmore Group PLC

     43,272         229,972  
     

Ashtead Group PLC

     6,000       $ 53,434  

Babcock International Group PLC

     7,197         118,900  

Balfour Beatty PLC

     37,768         134,655  

British Land Co. PLC

     47,916         395,440  

Bunzl PLC

     9,606         188,892  

Capita PLC

     25,090         342,500  

Carillion PLC

     29,529         122,095  

Carnival PLC

     8,513         297,828  

Cobham PLC

     49,508         182,676  

Croda International PLC

     3,122         130,035  

Daily Mail & General Trust PLC Class A

     27,571         297,034  

Drax Group PLC

     36,039         334,634  

DS Smith PLC

     15,600         51,829  

easyjet PLC

     11,190         183,508  

Evraz PLC

     80,160         270,216  

Ferrexpo PLC

     32,356         85,046  

G4S PLC

     58,715         259,800  

GKN PLC

     60,438         242,737  

Halma PLC

     11,664         91,744  

Hammerson PLC

     20,630         154,091  

Hargreaves Lansdown PLC

     24,776         326,552  

Hikma Pharmaceuticals PLC

     2,566         40,288  

ICAP PLC

     52,236         230,339  

IG Group Holdings PLC

     27,646         224,168  

IMI PLC

     13,305         261,629  

Inchcape PLC

     21,766         166,079  

Inmarsat PLC

     32,473         346,393  

InterContinental Hotels Group PLC

     7,287         222,074  

Intertek Group PLC

     1,922         99,023  

Invensys PLC

     11,038         58,796  

Investec PLC

     45,759         318,926  

ITV PLC

     112,650         221,343  

J. Sainsbury PLC

     113,266         650,978  

Jardine Lloyd Thompson Group PLC

     10,856         140,281  

John Wood Group PLC

     4,300         56,577  

Johnson Matthey PLC

     6,083         212,445  

Kazakhmys PLC

     24,370         145,206  

Ladbrokes PLC

     52,194         178,956  

London Stock Exchange Group PLC

     12,333         244,575  

Man Group PLC

     335,699         454,435  

Marks & Spencer Group PLC

     98,903         585,699  

Meggitt PLC

     22,863         170,457  

Melrose Industries PLC

     14,156         57,070  

Michael Page International PLC

     12,147         77,799  

Millennium & Copthorne Hotels PLC

     15,465         133,617  

Mondi PLC

     16,880         229,145  

Next PLC

     6,404         424,557  

Pennon Group PLC

     15,065         142,514  

Persimmon PLC

     3,600         58,436  

PZ Cussons PLC

     10,793         66,112  

Rexam PLC

     36,252         290,372  

Rightmove PLC

     3,536         95,626  

Rotork PLC

     1,865         82,239  

RSA Insurance Group PLC

     347,489         614,179  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      81   


Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Sage Group PLC (The)

     62,561       $ 325,551  

Segro PLC

     56,851         219,526  

Serco Group PLC

     7,149         68,063  

Severn Trent PLC

     12,595         327,418  

Smith & Nephew PLC

     24,759         285,724  

Smiths Group PLC

     11,160         213,010  

Spectris PLC

     2,783         103,787  

Stagecoach Group PLC

     29,139         137,429  

Standard Life PLC

     165,754         919,421  

TalkTalk Telecom Group PLC

     45,708         189,060  

Tate & Lyle PLC

     25,579         330,144  

Travis Perkins PLC

     5,858         129,335  

TUI Travel PLC

     100,799         498,358  

United Utilities Group PLC

     42,582         458,107  

Vedanta Resources PLC

     12,994         198,294  

Vesuvius PLC

     10,150         54,344  

Weir Group PLC (The)

     5,866         201,571  

Whitbread PLC

     5,821         226,983  

William Hill PLC

     41,807         234,819  
     

 

 

 
Total United Kingdom               18,289,175  
TOTAL COMMON STOCKS
(Cost: $102,304,284)
              117,579,667  
EXCHANGE-TRADED FUNDS – 0.3%      
United States – 0.3%      

WisdomTree Australia Dividend Fund(b)

     2,896         187,198  

WisdomTree Japan Hedged Equity Fund(b)

     4,484         193,619  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $319,960)
              380,817  
RIGHTS – 0.0%      
United Kingdom – 0.0%      

William Hill PLC, expiring 5/04/13*

     
(Cost: $0)      9,290         17,492  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 13.5%      
United States – 13.5%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $16,024,791)(d)      16,024,791         16,024,791   
TOTAL INVESTMENTS IN SECURITIES – 112.5%
(Cost: $118,649,035)
         134,002,767   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (12.5)%

        (14,933,543
     

 

 

 
NET ASSETS – 100.0%             $ 119,069,224   

PPS – Price Protected Shares

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $14,765,069 and the total market value of the collateral held by the Fund was $16,024,791.

 

See Notes to Financial Statements.

 

82   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.1%      
Australia – 14.5%      

Aditya Birla Minerals Ltd.

     367,882       $ 166,838  

ARB Corp., Ltd.

     43,689         574,360  

Aristocrat Leisure Ltd.

     251,839         960,950  

Arrium Ltd.

     1,512,185         1,371,579  

ASG Group Ltd.

     562,362         246,242  

Ausdrill Ltd.

     235,288         711,368  

Ausenco Ltd.

     111,240         447,657  

Austbrokers Holdings Ltd.

     22,644         231,353  

Australian Pharmaceutical Industries Ltd.

     1,216,535         558,051  

Automotive Holdings Group Ltd.

     388,253         1,683,856  

Beach Energy Ltd.

     590,621         868,210  

Boart Longyear Ltd.

     223,386         298,100  

Bradken Ltd.(a)

     223,020         1,513,636  

Breville Group Ltd.(a)

     122,693         754,690  

Brickworks Ltd.(a)

     99,587         1,352,832  

BT Investment Management Ltd.

     526,502         1,729,049  

Cabcharge Australia Ltd.(a)

     144,694         689,388  

Cardno Ltd.(a)

     98,616         706,319  

carsales.com Ltd.(a)

     175,298         1,717,914  

Cash Converters International Ltd.

     363,733         553,646  

CSG Ltd.

     563,832         432,050  

CSR Ltd.

     639,469         1,373,357  

Data#3 Ltd.

     400,097         517,230  

David Jones Ltd.(a)

     1,107,853         3,453,425  

Decmil Group Ltd.(a)

     85,761         210,114  

DuluxGroup Ltd.

     293,167         1,360,103  

DWS Ltd.(a)

     353,512         554,673  

Emeco Holdings Ltd.

     739,520         481,866  

Envestra Ltd.

     1,717,977         1,889,585  

ERM Power Ltd.

     76,662         216,594  

Fairfax Media Ltd.(a)

     2,785,226         1,829,354  

Fleetwood Corp., Ltd.(a)

     72,541         703,337  

Grange Resources Ltd.

     1,775,623         398,003  

GUD Holdings Ltd.(a)

     117,429         879,015  

GWA Group Ltd.

     549,258         1,443,024  

iiNET Ltd.

     140,486         761,611  

Imdex Ltd.(a)

     197,063         251,674  

Independence Group NL

     110,384         456,871  

Invocare Ltd.

     88,951         1,018,239  

IOOF Holdings Ltd.

     356,112         3,081,495  

Iress Ltd.

     157,434         1,276,953  

JB Hi-Fi Ltd.(a)

     179,570         2,763,229  

Kingsgate Consolidated Ltd.(a)

     77,125         312,782  

M2 Telecommunications Group Ltd.(a)

     134,290         687,420  

Magellan Financial Group Ltd.

     104,192         741,911  

McMillan Shakespeare Ltd.

     54,481         834,947  

Mermaid Marine Australia Ltd.

     154,933         607,335  

Mount Gibson Iron Ltd.

     1,580,558         856,861  

Myer Holdings Ltd.(a)

     1,309,828         4,028,404  

MyState Ltd.(a)

     165,050         774,328  

Navitas Ltd.(a)

     387,437         2,152,906  

NIB Holdings Ltd.(a)

     476,821         1,128,439  
     

NRW Holdings Ltd.(a)

     226,167       $ 389,054  

OrotonGroup Ltd.(a)

     69,728         521,949  

Pacific Brands Ltd.

     1,812,273         1,624,871  

Perpetual Ltd.(a)

     55,164         2,316,551  

Primary Health Care Ltd.

     368,371         1,904,863  

Qube Holdings Ltd.

     323,526         571,710  

Retail Food Group Ltd.(a)

     137,189         513,465  

RHG Ltd.(a)

     2,525,703         1,040,102  

SAI Global Ltd.(a)

     108,066         379,678  

Salmat Ltd.

     324,520         696,956  

Sedgman Ltd.

     271,532         251,946  

Seven West Media Ltd.(a)

     2,759,799         5,783,227  

Sigma Pharmaceuticals Ltd.

     1,781,411         1,374,335  

Skilled Group Ltd.

     173,101         642,460  

SMS Management & Technology Ltd.

     103,415         547,702  

STW Communications Group Ltd.

     711,412         1,082,856  

Super Retail Group Ltd.

     141,249         1,818,650  

TPG Telecom Ltd.

     415,651         1,365,011  

Transfield Services Ltd.

     582,900         1,106,018  

Webjet Ltd.(a)

     106,917         528,350  

Western Areas Ltd.

     139,575         496,202  

WHK Group Ltd.

     482,034         510,082  

Wotif.com Holdings Ltd.(a)

     244,293         1,260,703  
     

 

 

 
Total Australia               81,339,914  
Austria – 0.5%      

RHI AG

     29,981         972,282  

Schoeller-Bleckmann Oilfield Equipment AG

     8,710         873,734  

Wienerberger AG

     46,512         554,735  

Zumtobel AG

     37,173         429,604  
     

 

 

 
Total Austria               2,830,355  
Belgium – 1.6%      

Arseus N.V.

     21,579         565,553  

Barco N.V.

     6,612         579,474  

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

     48,664         1,348,521  

Cofinimmo

     25,117         2,881,781  

EVS Broadcast Equipment S.A.

     13,176         846,980  

Exmar N.V.

     117,749         1,165,763  

Melexis N.V.

     36,269         679,500  

Tessenderlo Chemie N.V.

     27,691         737,828  
     

 

 

 
Total Belgium               8,805,400  
Denmark – 0.9%      

D/S Norden

     15,642         503,842  

Pandora A/S(a)

     164,971         4,546,613  
     

 

 

 
Total Denmark               5,050,455  
Finland – 2.8%      

Alma Media Oyj

     101,093         480,310  

Amer Sports Oyj(a)

     96,305         1,591,571  

Citycon Oyj(a)

     170,805         489,107  

Huhtamaki Oyj

     72,421         1,425,625  

Kemira Oyj(a)

     134,614         1,870,321  

Konecranes Oyj(a)

     43,023         1,422,579  

Lassila & Tikanoja Oyj*

     42,934         691,349  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      83   


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Ramirent Oyj(a)

     102,873       $ 974,892  

Rautaruukki Oyj(a)

     201,227         1,279,574  

Sanoma Oyj(a)

     228,207         2,096,704  

Stockmann Oyj Abp Class B(a)

     19,629         308,012  

Tieto Oyj(a)

     57,324         1,214,560  

Tikkurila Oyj

     38,166         803,747  

Uponor Oyj(a)

     62,208         846,741  
     

 

 

 
Total Finland               15,495,092  
France – 4.1%      

Alten Ltd.

     24,913         988,515  

April

     30,810         483,857  

Beneteau S.A.*

     30,948         314,743  

Bourbon S.A.

     56,834         1,575,284  

Derichebourg S.A.*

     176,308         697,755  

Etablissements Maurel et Prom

     69,096         1,209,337  

Faiveley Transport

     8,312         526,947  

GL Events S.A.

     19,982         434,405  

IPSOS

     12,372         433,712  

Mersen

     14,576         339,527  

Metropole Television S.A.

     176,946         2,754,997  

Nexans S.A.(a)

     22,408         1,031,264  

Nexity S.A.

     81,658         2,815,410  

Plastic Omnium S.A.

     29,777         1,380,342  

Rallye S.A.

     52,811         1,939,496  

Rubis

     15,285         932,697  

Saft Groupe S.A.

     16,424         423,910  

Sechilienne-Sidec

     38,349         681,043  

Societe Television Francaise 1

     310,759         3,489,652  

Teleperformance

     6,573         280,601  

Trigano S.A.*

     4,500         54,144  
     

 

 

 
Total France               22,787,638  
Germany – 3.3%      

Bechtle AG

     14,599         679,282  

Bertrandt AG

     5,189         606,350  

Comdirect Bank AG

     142,909         1,502,391  

CompuGroup Medical AG

     10,756         237,355  

CTS Eventim AG

     11,828         401,731  

Delticom AG(a)

     9,101         418,789  

Drillisch AG

     80,500         1,473,539  

Duerr AG

     7,438         811,941  

ElringKlinger AG

     25,335         769,072  

Gerresheimer AG*

     8,380         482,351  

Gildemeister AG

     23,098         486,129  

H&R AG

     29,394         372,353  

Indus Holding AG

     20,423         632,289  

Leoni AG

     24,480         949,644  

MLP AG

     165,333         1,104,618  

NORMA Group

     17,329         547,069  

Pfeiffer Vacuum Technology AG

     5,582         616,793  

Rheinmetall AG

     29,419         1,363,180  

Sixt AG

     25,822         507,317  

SMA Solar Technology AG

     28,565         684,821  

Solarworld AG(a)

     472,770         517,235  
     

Takkt AG

     77,979       $ 1,276,693  

Vossloh AG(a)

     7,109         712,036  

Wincor Nixdorf AG

     31,060         1,545,510  
     

 

 

 
Total Germany               18,698,488  
Hong Kong – 3.0%      

China Everbright International Ltd.

     782,000         561,115  

China Power International Development Ltd.(a)

     2,405,000         774,542  

China South City Holdings Ltd.(a)

     7,330,000         1,227,545  

China Travel International Investment Hong Kong

     2,942,000         572,281  

Citic Telecom International Holdings Ltd.

     2,905,000         1,081,518  

Dah Sing Banking Group Ltd.

     941,600         1,293,045  

Dah Sing Financial Holdings Ltd.

     252,000         1,319,627  

Emperor Watch & Jewellery Ltd.

     6,012,573         611,896  

Goldlion Holdings Ltd.

     1,343,000         700,682  

Guotai Junan International Holdings Ltd.

     590,212         256,989  

Hong Kong Television Network Ltd.(a)

     2,659,155         866,671  

Shenzhen Investment Ltd.(a)

     7,474,000         2,994,356  

Shun Tak Holdings Ltd.(a)

     834,000         449,089  

Singamas Container Holdings Ltd.

     2,478,000         644,826  

SinoMedia Holding Ltd.

     409,000         233,936  

Sinotruk Hong Kong Ltd.(a)

     774,500         418,047  

Vitasoy International Holdings Ltd.

     757,364         853,695  

Welling Holding Ltd.

     7,376,000         1,615,325  

YGM Trading Ltd.

     176,000         507,868  
     

 

 

 
Total Hong Kong               16,983,053  
Ireland – 1.1%      

C&C Group PLC

     212,161         1,383,429  

FBD Holdings PLC

     16,095         253,178  

Greencore Group PLC

     538,888         865,325  

IFG Group PLC

     117,218         213,738  

Irish Continental Group PLC

     30,452         776,202  

Smurfit Kappa Group PLC

     109,729         1,817,648  

United Drug PLC

     195,888         806,972  
     

 

 

 
Total Ireland               6,116,492  
Israel – 2.5%      

Avgol Industries 1953 Ltd.

     127,605         117,063  

Clal Industries Ltd.

     757,409         2,955,234  

Delek Automotive Systems Ltd.

     160,611         1,531,754  

Elbit Systems Ltd.

     21,371         903,236  

Gazit-Globe Ltd.

     135,120         1,843,365  

Harel Insurance Investments & Financial Services Ltd.

     11,428         591,486  

Matrix IT Ltd.

     104,248         479,611  

Migdal Insurance & Financial Holding Ltd.

     985,670         1,606,689  

Ormat Industries Ltd.*

     206,648         1,236,732  

Osem Investments Ltd.

     38,243         731,344  

Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.

     6,672         270,607  

Shikun & Binui Ltd.

     591,602         1,243,353  

Shufersal Ltd.

     268,431         829,464  
     

 

 

 
Total Israel               14,339,938  

 

See Notes to Financial Statements.

 

84   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
Italy – 5.4%      

ACEA SpA

     230,984       $ 1,222,018  

Ansaldo STS SpA

     57,754         578,463  

Astaldi SpA(a)

     66,017         455,228  

ASTM SpA

     130,020         1,521,827  

Azimut Holding SpA

     81,530         1,321,221  

Banca Generali SpA

     116,333         2,210,870  

Banca Piccolo Credito Valtellinese Scarl

     586,501         647,688  

Banca Popolare di Sondrio SCRL

     98,735         515,003  

Brembo SpA

     55,604         893,227  

Cairo Communications SpA

     168,121         614,838  

Credito Emiliano SpA

     169,125         867,390  

Danieli & Co. SpA

     23,713         599,862  

DiaSorin SpA(a)

     29,698         1,041,090  

ERG SpA

     237,622         2,166,425  

Geox SpA(a)

     386,529         1,078,054  

Hera SpA(a)

     1,444,483         2,546,722  

I.M.A. Industria Macchine Automatiche SpA

     36,991         866,877  

Immobiliare Grande Distribuzione

     302,491         323,755  

Impregilo SpA

     149,738         769,498  

Indesit Co. SpA

     144,519         1,135,730  

Intesa Sanpaolo SpA RSP

     846,616         1,069,201  

Iren SpA

     926,268         690,458  

Italcementi SpA RSP

     314,708         928,659  

MARR SpA

     74,156         814,638  

Piaggio & C. SpA(a)

     252,318         648,003  

Recordati SpA

     180,836         1,639,412  

Societa Iniziative Autostradali e Servizi SpA

     233,117         2,186,718  

Sogefi SpA

     168,336         478,579  

Zignago Vetro SpA

     88,025         545,723  
     

 

 

 
Total Italy               30,377,177  
Japan – 24.3%      

77 Bank Ltd. (The)

     131,000         706,414  

Achilles Corp.

     295,000         445,543  

ADEKA Corp.

     54,400         468,666  

Aeon Delight Co., Ltd.

     18,400         406,671  

Ai Holdings Corp.

     75,800         698,179  

Aica Kogyo Co., Ltd.

     36,600         671,117  

Aichi Steel Corp.

     136,000         548,224  

Airport Facilities Co., Ltd.

     89,100         619,777  

Akebono Brake Industry Co., Ltd.(a)

     82,000         368,921  

Alps Electric Co., Ltd.(a)

     101,700         666,318  

Amano Corp.

     60,100         572,746  

ANRITSU Corp.

     31,000         483,695  

Aomori Bank Ltd. (The)

     159,000         493,810  

Arcs Co., Ltd.

     20,300         454,710  

Ariake Japan Co., Ltd.

     14,000         286,939  

Arnest One Corp.

     52,900         1,047,085  

Asahi Diamond Industrial Co., Ltd.

     34,300         333,442  

Asahi Holdings, Inc.(a)

     23,500         504,393  

Asahi Organic Chemicals Industry Co., Ltd.

     173,000         384,567  

Avex Group Holdings, Inc.

     39,200         1,060,260  

Awa Bank Ltd. (The)

     50,000         312,699  
     

Azbil Corp.

     42,000       $ 873,325  

Bank of the Ryukyus Ltd.

     35,800         527,747  

Calsonic Kansei Corp.(a)

     61,000         268,602  

Canon Electronics, Inc.

     25,700         510,611  

Capcom Co., Ltd.(a)

     25,900         416,240  

Casio Computer Co., Ltd.(a)

     144,200         1,124,214  

Chiyoda Co., Ltd.

     25,100         652,461  

Chugoku Marine Paints Ltd.

     68,000         362,348  

Chukyo Bank Ltd. (The)

     165,000         363,274  

COMSYS Holdings Corp.(a)

     56,200         681,429  

Daifuku Co., Ltd.

     75,500         614,311  

Daikyo, Inc.

     608,000         2,127,547  

Daishi Bank Ltd. (The)

     191,000         786,184  

Daiwabo Holdings Co., Ltd.

     120,000         220,804  

DCM Holdings Co., Ltd.(a)

     67,300         561,907  

Doutor Nichires Holdings Co., Ltd.

     27,300         400,412  

DTS Corp.

     30,700         504,483  

Ebara Corp.

     131,000         521,102  

EDION Corp.(a)

     97,700         460,339  

Ehime Bank Ltd. (The)

     152,000         399,319  

Eighteenth Bank Ltd. (The)

     166,000         457,286  

EIKEN CHEMICAL Co., Ltd.

     29,600         420,294  

Eizo Nanao Corp.

     17,800         314,274  

EXEDY Corp.

     7,300         170,737  

Ezaki Glico Co., Ltd.(a)

     37,000         383,301  

FCC Co., Ltd.

     24,500         592,305  

Fancl Corp.

     38,700         426,433  

Fujikura Ltd.

     71,000         224,282  

Fujitec Co., Ltd.

     56,000         559,881  

Fukui Bank Ltd. (The)

     200,000         450,968  

Fukuyama Transporting Co., Ltd.(a)

     112,000         640,885  

Furukawa-Sky Aluminum Corp.(a)

     138,000         419,783  

GMO Internet, Inc.

     90,000         853,861  

Gulliver International Co., Ltd.

     4,850         283,716  

Gunze Ltd.(a)

     195,000         506,063  

Hakuto Co., Ltd.

     43,100         420,365  

Hanwa Co., Ltd.

     157,000         559,402  

Heiwa Real Estate Co., Ltd.

     31,200         617,562  

Heiwado Co., Ltd.

     28,700         443,229  

Higashi-Nippon Bank Ltd. (The)

     219,000         586,981  

Hitachi Koki Co., Ltd.

     74,000         609,190  

Hitachi Kokusai Electric, Inc.

     37,000         327,026  

Hogy Medical Co., Ltd.

     4,700         253,446  

Hokkaido Gas Co., Ltd.(a)

     84,676         226,955  

Hokkoku Bank Ltd. (The)

     198,000         836,056  

Hokuetsu Bank Ltd. (The)

     246,000         604,403  

Hokuetsu Kishu Paper Co., Ltd.(a)

     93,000         444,129  

Hokuto Corp.(a)

     22,000         417,209  

HORIBA Ltd.

     13,200         416,133  

Hyakugo Bank Ltd. (The)

     128,000         643,948  

Hyakujushi Bank Ltd. (The)

     44,000         184,386  

Ichibanya Co., Ltd.

     6,400         284,535  

Ichiyoshi Securities Co., Ltd.

     75,297         828,091  

IDEC Corp.

     47,100         421,806  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      85   


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Inaba Denki Sangyo Co., Ltd.

     20,400       $ 615,775  

Inabata & Co., Ltd.

     75,900         564,285  

Ito En Ltd.

     35,300         852,276  

Itochu Enex Co., Ltd.

     92,200         523,663  

Iwatani Corp.

     145,000         690,917  

Izumi Co., Ltd.

     15,600         379,298  

Japan Aviation Electronics Industry Ltd.(a)

     34,000         258,924  

Japan Pulp & Paper Co., Ltd.(a)

     154,000         491,385  

Japan Wool Textile Co., Ltd. (The)

     51,000         394,895  

J-Oil Mills, Inc.(a)

     136,000         433,950  

Juroku Bank Ltd. (The)

     140,000         588,173  

JVCKENWOOD Corp.

     82,000         220,655  

Kaken Pharmaceutical Co., Ltd.(a)

     45,000         817,007  

Kandenko Co., Ltd.

     124,000         571,070  

Kanematsu Electronics Ltd.

     40,968         509,812  

Kasumi Co., Ltd.

     58,400         363,991  

Keihin Corp.(a)

     31,900         438,701  

Keiyo Bank Ltd. (The)

     72,000         412,763  

Kiyo Holdings, Inc.

     399,800         642,095  

KOA Corp.

     37,900         361,183  

KOKUYO Co., Ltd.

     74,200         569,798  

Kose Corp.

     20,900         486,155  

K’s Holdings Corp.(a)

     25,000         800,362  

Kurabo Industries Ltd.(a)

     458,000         857,349  

Kureha Corp.

     120,000         426,292  

Kuroda Electric Co., Ltd.

     37,800         451,091  

KYB Co., Ltd.(a)

     113,000         560,072  

Kyodo Printing Co., Ltd.

     133,000         403,159  

Kyokuyo Co., Ltd.(a)

     122,000         280,281  

KYORIN Holdings, Inc.

     25,000         606,786  

Kyoritsu Maintenance Co., Ltd.(a)

     21,500         630,228  

Kyowa Exeo Corp.

     44,900         481,856  

Lintec Corp.

     36,500         694,905  

Lion Corp.

     119,000         663,221  

Maeda Corp.(a)

     116,000         468,836  

Maeda Road Construction Co., Ltd.

     32,000         437,013  

Makino Milling Machine Co., Ltd.(a)

     33,000         204,627  

Marudai Food Co., Ltd.

     69,000         234,844  

Maruha Nichiro Holdings, Inc.

     377,000         721,761  

Matsumotokiyoshi Holdings Co., Ltd.(a)

     16,400         469,743  

Meitec Corp.

     20,800         525,641  

Michinoku Bank Ltd. (The)

     172,000         429,909  

Mie Bank Ltd. (The)

     211,000         509,434  

Mimasu Semiconductor Industry Co., Ltd.

     47,200         456,337  

Minebea Co., Ltd.(a)

     125,000         428,100  

Mitsui Engineering & Shipbuilding Co., Ltd.

     337,000         609,338  

Mitsui Matsushima Co., Ltd.(a)

     116,000         227,016  

Mitsui Mining & Smelting Co., Ltd.

     90,000         207,722  

MITSUI-SOKO Co., Ltd.(a)

     15,000         92,693  

Miura Co., Ltd.

     19,300         498,204  

Miyazaki Bank Ltd. (The)

     171,000         505,616  

Mochida Pharmaceutical Co., Ltd.

     44,000         567,666  

Modec, Inc.

     4,700         141,520  

Morinaga & Co., Ltd.

     210,000         462,348  
     

MOS FOOD SERVICES, Inc.

     17,700       $ 375,951  

Moshi Moshi Hotline, Inc.(a)

     43,800         623,784  

Musashino Bank Ltd. (The)

     18,300         722,112  

Nachi-Fujikoshi Corp.

     55,000         235,748  

Nagaileben Co., Ltd.

     34,200         521,257  

Nagase & Co., Ltd.

     42,200         521,553  

NEC Fielding Ltd.

     44,400         567,632  

NEC Mobiling Ltd.

     13,000         860,030  

NEC Networks & System Integration Corp.

     25,800         505,463  

NET One Systems Co., Ltd.

     26,854         236,208  

NICHIAS Corp.

     65,000         390,608  

Nichirei Corp.

     185,000         1,105,829  

Nifco, Inc.(a)

     21,900         499,167  

Nihon Kohden Corp.

     16,800         592,342  

Nippo Corp.

     32,000         394,469  

Nippon Beet Sugar Manufacturing Co., Ltd.

     193,000         379,760  

Nippon Carbon Co., Ltd.

     40,000         93,597  

Nippon Denko Co., Ltd.

     70,000         230,802  

Nippon Flour Mills Co., Ltd.

     115,000         523,506  

Nippon Kayaku Co., Ltd.

     71,000         865,412  

Nippon Konpo Unyu Soko Co., Ltd.

     26,700         423,417  

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

     56,000         475,899  

Nippon Thompson Co., Ltd.

     69,000         350,798  

Nippon Valqua Industries Ltd.(a)

     166,000         429,036  

Nipro Corp.(a)

     149,300         1,333,886  

Nishimatsu Construction Co., Ltd.

     204,000         344,990  

Nishi-Nippon Railroad Co., Ltd.

     107,000         441,566  

Nissan Chemical Industries Ltd.

     78,800         946,237  

Nisshinbo Holdings, Inc.

     66,000         458,392  

Nitto Boseki Co., Ltd.(a)

     130,000         495,001  

NOF Corp.

     56,000         276,367  

NORITAKE Co., Ltd.(a)

     175,000         431,823  

NS Solutions Corp.

     24,800         477,167  

Oenon Holdings, Inc.

     90,000         235,482  

Ogaki Kyoritsu Bank Ltd. (The)

     177,000         657,020  

Oita Bank Ltd. (The)

     72,000         274,920  

OKUMA Corp.(a)

     44,000         324,782  

OKUMURA Corp.

     164,000         659,349  

Onward Holdings Co., Ltd.

     121,000         1,086,194  

OSAKA Titanium Technologies Co.(a)

     13,200         267,173  

OSG Corp.

     28,800         396,069  

Paltac Corp.

     31,683         407,074  

PanaHome Corp.

     67,000         478,164  

Paramount Bed Holdings Co., Ltd.

     5,600         209,062  

Parco Co., Ltd.

     37,100         391,046  

Pigeon Corp.

     13,000         911,189  

Plenus Co., Ltd.

     32,300         522,187  

Point, Inc.(a)

     15,280         754,899  

Pola Orbis Holdings, Inc.

     16,408         523,548  

Press Kogyo Co., Ltd.

     45,000         232,131  

Relo Holdings, Inc.

     16,820         731,693  

Resorttrust, Inc.

     35,000         993,193  

RIKEN Corp.

     116,000         486,109  

Round One Corp.

     77,600         572,797  

 

See Notes to Financial Statements.

 

86   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Ryoden Trading Co., Ltd.

     52,000       $ 339,034  

Ryohin Keikaku Co., Ltd.(a)

     13,100         1,031,057  

Ryosan Co., Ltd.

     22,600         437,962  

SAIBUGAS Co., Ltd.

     198,078         463,488  

Sanden Corp.

     56,000         230,504  

San-In Godo Bank Ltd. (The)

     46,000         395,809  

Sankyo Seiko Co., Ltd.

     113,400         402,846  

Sankyu, Inc.

     138,000         623,803  

Sanwa Holdings Corp.

     135,000         699,266  

Sanyo Chemical Industries Ltd.

     60,000         329,292  

Sanyo Shokai Ltd.

     133,000         421,549  

Sanyo Special Steel Co., Ltd.(a)

     126,000         447,607  

Sapporo Holdings Ltd.

     173,000         734,174  

Sasebo Heavy Industries Co., Ltd.*

     456,000         567,454  

SBI Holdings, Inc.(a)

     81,836         722,441  

SCSK Corp.

     35,100         677,958  

Seino Holdings Corp.

     117,000         1,012,955  

Senko Co., Ltd.(a)

     69,000         359,604  

Senshu Ikeda Holdings, Inc.

     100,780         572,394  

Shinko Electric Industries Co., Ltd.(a)

     78,900         653,724  

Shinko Plantech Co., Ltd.

     41,900         337,803  

Shinmaywa Industries Ltd.

     77,000         608,498  

SHIP HEALTHCARE HOLDINGS, Inc.

     5,876         207,491  

Sinanen Co., Ltd.

     126,000         540,077  

Sotetsu Holdings, Inc.

     195,000         727,983  

Star Micronics Co., Ltd.

     36,300         358,676  

Start Today Co., Ltd.(a)

     28,000         355,882  

Sumitomo Bakelite Co., Ltd.

     149,000         624,399  

Sumitomo Osaka Cement Co., Ltd.

     204,000         596,682  

Sumitomo Warehouse Co., Ltd. (The)(a)

     77,000         532,334  

Taiyo Holdings Co., Ltd.

     20,300         587,495  

Taiyo Yuden Co., Ltd.

     20,100         254,403  

Takara Holdings, Inc.(a)

     54,000         457,754  

Takara Standard Co., Ltd.

     59,000         463,114  

Takasago Thermal Engineering Co., Ltd.

     61,400         509,381  

Tamron Co., Ltd.

     15,400         331,030  

TOAGOSEI Co., Ltd.

     157,000         686,311  

Tochigi Bank Ltd. (The)

     136,000         549,670  

Toda Corp.(a)

     176,000         419,315  

Toei Co., Ltd.(a)

     125,000         900,074  

Toho Bank Ltd. (The)

     153,000         494,703  

Toho Holdings Co., Ltd.

     15,100         347,226  

Toho Zinc Co., Ltd.

     124,000         501,170  

Tokai Carbon Co., Ltd.

     118,000         405,382  

Tokai Rika Co., Ltd.

     32,100         596,455  

Tokai Rubber Industries Ltd.

     40,900         469,815  

Tokai Tokyo Financial Holdings, Inc.(a)

     215,701         1,587,589  

Tokyo Tatemono Co., Ltd.

     375,000         2,664,327  

TOKYOTOKEIBA Co., Ltd.(a)

     232,000         982,089  

TOMONY Holdings, Inc.

     96,736         418,757  

TOMY Co., Ltd.(a)

     60,600         306,803  

Toppan Forms Co., Ltd.

     74,800         723,974  

Toshiba Plant Systems & Services Corp.

     27,000         331,110  

Toshiba TEC Corp.

     143,000         845,650  
     

TOSOH Corp.

     387,000       $ 1,103,127  

Toyo Ink SC Holdings Co., Ltd.

     224,000         1,064,965  

TOYO KANETSU K.K.(a)

     114,000         429,228  

Toyo Kohan Co., Ltd.

     131,000         416,603  

Toyo Securities Co., Ltd.

     96,000         419,655  

Toyo Tire & Rubber Co., Ltd.

     155,000         692,406  

Toyobo Co., Ltd.(a)

     459,000         781,110  

TS Tech Co., Ltd.

     21,600         612,482  

Tsugami Corp.(a)

     39,000         223,995  

Tsumura & Co.(a)

     32,100         1,172,766  

Tsuruha Holdings, Inc.

     6,000         585,195  

USHIO, Inc.

     54,000         550,798  

Valor Co., Ltd.

     17,700         338,299  

Wacoal Holdings Corp.

     43,000         465,582  

Xebio Co., Ltd.

     16,100         341,967  

Yodogawa Steel Works Ltd.(a)

     153,000         574,442  

Yuasa Trading Co., Ltd.

     126,000         266,688  

ZENRIN Co., Ltd.

     43,000         598,670  
     

 

 

 
Total Japan               136,708,708  
Netherlands – 1.2%      

Accell Group N.V.(a)

     21,486         377,985  

Arcadis N.V.

     26,461         733,767  

BinckBank N.V.

     112,838         1,059,763  

Brunel International N.V.

     9,423         398,274  

CSM

     51,699         1,095,380  

Koninklijke BAM Groep N.V.(a)

     246,937         1,002,009  

Koninklijke Ten Cate N.V.

     19,653         462,078  

Sligro Food Group N.V.(a)

     28,667         909,975  

TKH Group N.V.

     28,826         747,712  
     

 

 

 
Total Netherlands               6,786,943  
New Zealand – 3.0%      

Air New Zealand Ltd.

     968,529         1,245,848  

EBOS Group Ltd.(a)

     30,453         238,098  

Fisher & Paykel Healthcare Corp., Ltd.

     1,033,065         2,268,157  

Freightways Ltd.

     157,973         599,688  

Infratil Ltd.

     510,767         1,031,535  

Kathmandu Holdings Ltd.(a)

     384,394         814,969  

Nuplex Industries Ltd.(a)

     335,339         932,967  

NZX Ltd.

     597,524         670,972  

Port of Tauranga Ltd.(a)

     79,867         922,945  

Restaurant Brands New Zealand Ltd.

     280,074         654,819  

Ryman Healthcare Ltd.

     249,533         1,053,908  

Sky Network Television Ltd.

     506,078         2,247,696  

SKYCITY Entertainment Group Ltd.

     675,968         2,498,095  

TOWER Ltd.*

     130,617         210,157  

Warehouse Group Ltd. (The)

     455,596         1,332,446  
     

 

 

 
Total New Zealand               16,722,300  
Norway – 1.8%      

Atea ASA

     124,991         1,387,598  

Austevoll Seafood ASA

     149,635         908,200  

Cermaq ASA*

     92,472         1,470,515  

Copeinca ASA

     97,030         1,006,484  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      87   


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Kvaerner ASA

     363,512       $ 754,135  

SpareBank 1 SMN(a)

     136,949         1,087,139  

SpareBank 1 SR Bank ASA

     142,826         1,224,398  

Tomra Systems ASA

     56,377         550,963  

Veidekke ASA

     120,762         962,783  

Wilh. Wilhelmsen ASA Class B

     78,206         687,194  
     

 

 

 
Total Norway               10,039,409  
Portugal – 2.1%      

Altri, SGPS, S.A.

     45,229         111,395  

Mota-Engil, SGPS, S.A.

     434,464         1,036,569  

Portucel S.A.

     1,363,466         4,699,216  

REN-Redes Energeticas Nacionais S.A.(a)

     364,253         1,052,408  

Sonae

     2,607,148         2,343,486  

Sonaecom, SGPS, S.A.

     364,861         788,515  

Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.

     451,193         1,908,466  
     

 

 

 
Total Portugal               11,940,055  
Singapore – 4.0%      

Baker Technology Ltd.

     1,629,000         577,753  

Boustead Singapore Ltd.

     873,000         1,037,945  

Chip Eng Seng Corp., Ltd.

     1,584,000         1,034,209  

Cityspring Infrastructure Trust

     2,916,649         1,093,214  

Dyna-Mac Holdings Ltd.

     1,038,938         389,413  

Fragrance Group Ltd.

     2,616,354         537,780  

GMG Global Ltd.

     4,910,000         494,720  

GuocoLand Ltd.(a)

     635,000         1,187,490  

Guthrie GTS Ltd.

     1,666,996         1,027,932  

Hi-P International Ltd.

     371,000         212,325  

Ho Bee Investment Ltd.

     652,000         1,014,316  

Hong Leong Asia Ltd.

     200,000         274,867  

Hyflux Ltd.(a)

     200,000         235,370  

K-Green Trust(a)

     868,000         773,126  

Low Keng Huat (Singapore) Ltd.

     1,590,983         936,174  

Midas Holdings Ltd.

     530,000         230,695  

OSIM International Ltd.

     253,000         406,847  

Petra Foods Ltd.

     226,000         757,827  

QAF Ltd.

     842,406         621,313  

Raffles Medical Group Ltd.

     203,000         536,708  

Singapore Post Ltd.(a)

     2,758,000         2,767,782  

STX OSV Holdings Ltd.

     1,517,106         1,491,915  

Super Group Ltd.

     232,000         729,325  

Technics Oil & Gas Ltd.(a)

     784,950         547,301  

United Engineers Ltd.

     382,000         979,171  

UOB-Kay Hian Holdings Ltd.

     562,000         772,376  

Wing Tai Holdings Ltd.

     730,000         1,120,950  

Yongnam Holdings Ltd.

     3,268,291         750,817  
     

 

 

 
Total Singapore               22,539,661  
Spain – 3.5%      

Abengoa S.A.(a)

     249,894         710,768  

Almirall S.A.

     126,062         1,578,292  

Antena 3 de Television S.A.(a)

     485,786         2,651,139  

Bankinter S.A.(a)

     589,512         2,855,374  

Bolsas y Mercados Espanoles(a)

     138,246         3,401,314  
     

Caja de Ahorros del Mediterraneo*(a)

     46,484       $ 79,985  

Cie Automotive S.A.

     51,308         336,011  

Duro Felguera S.A.

     202,639         1,386,912  

Ence Energia y Celulosa S.A.

     138,791         393,869  

Grupo Catalana Occidente S.A.

     110,384         2,391,221  

Indra Sistemas S.A.(a)

     230,229         2,749,423  

Melia Hotels International S.A.

     67,813         461,517  

Papeles y Cartones de Europa S.A.(a)

     214,707         743,025  

Pescanova, S.A.

     7,082         53,746  
     

 

 

 
Total Spain               19,792,596  
Sweden – 4.9%      

AarhusKarlshamn AB

     15,190         768,611  

AF AB Class B

     21,769         644,499  

Axfood AB

     37,639         1,534,041  

Axis Communications AB(a)

     37,565         979,278  

Bilia AB Class A

     42,693         771,521  

BillerudKorsnas AB

     156,743         1,511,502  

BioGaia AB Class B

     7,485         253,260  

Clas Ohlson AB Class B(a)

     41,342         553,177  

Fabege AB(a)

     270,899         2,774,819  

Hexpol AB

     10,248         589,473  

Hoganas AB Class B

     26,420         1,308,404  

Holmen AB Class B

     35,931         1,070,967  

Intrum Justitia AB

     55,431         1,074,178  

JM AB(a)

     68,242         1,621,561  

Kungsleden AB

     192,533         1,243,677  

Loomis AB Class B

     55,676         1,036,111  

Mekonomen AB(a)

     19,569         660,627  

NCC AB Class B

     81,453         2,041,962  

Nibe Industrier AB Class B

     34,097         594,154  

Nolato AB Class B

     43,955         682,783  

Peab AB(a)

     269,834         1,514,756  

SSAB AB Class B*

     77,326         508,767  

Svenska Cellulosa AB Class A

     57,332         1,477,829  

Svenska Handelsbanken AB

     7,687         318,026  

SWECO AB Class B

     47,279         559,902  

Wihlborgs Fastigheter AB

     74,434         1,227,783  
     

 

 

 
Total Sweden               27,321,668  
Switzerland – 0.3%      

Mobilezone Holding AG

     60,249         617,156  

Vontobel Holding AG

     28,193         899,127  
     

 

 

 
Total Switzerland               1,516,283  
United Kingdom – 14.3%      

A.G. BARR PLC

     21,051         174,209  

Anite PLC

     167,911         320,490  

Avocet Mining PLC

     185,053         53,389  

BBA Aviation PLC

     335,936         1,313,513  

Bellway PLC

     39,519         778,299  

Berendsen PLC

     120,997         1,442,265  

Bodycote PLC

     81,346         662,067  

Brewin Dolphin Holdings PLC

     265,946         833,900  

Britvic PLC

     210,568         1,420,912  

 

See Notes to Financial Statements.

 

88   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Cable & Wireless Communications PLC

     7,345,103       $ 4,677,642  

Carphone Warehouse Group PLC

     385,661         1,179,999  

Chemring Group PLC

     149,028         588,585  

Chesnara PLC

     254,854         909,411  

Cineworld Group PLC

     172,284         729,877  

Close Brothers Group PLC

     138,228         2,208,068  

Computacenter PLC

     138,669         1,137,035  

Consort Medical PLC

     20,145         237,984  

Cranswick PLC

     28,761         430,607  

CSR PLC

     34,596         253,363  

Dairy Crest Group PLC

     141,208         918,993  

Darty PLC

     1,082,223         706,620  

De La Rue PLC

     55,597         823,952  

Debenhams PLC

     779,926         980,583  

Development Securities PLC

     180,412         412,290  

Devro PLC

     38,759         206,576  

Diploma PLC

     63,321         538,920  

Domino Printing Sciences PLC

     71,323         692,040  

Domino’s Pizza Group PLC

     71,917         657,945  

Dunelm Group PLC

     91,684         1,163,163  

Electrocomponents PLC

     422,368         1,609,776  

Elementis PLC

     177,135         701,207  

Euromoney Institutional Investor PLC

     65,101         955,411  

F&C Asset Management PLC

     453,036         718,181  

Fenner PLC

     79,165         467,610  

Fidessa Group PLC

     34,630         1,022,758  

Filtrona PLC

     96,678         1,068,710  

Firstgroup PLC

     801,491         2,447,436  

Galliford Try PLC

     42,706         595,295  

Genus PLC

     7,437         178,199  

Go-Ahead Group PLC

     46,088         1,029,440  

Greene King PLC

     175,065         1,866,110  

Greggs PLC

     68,770         497,893  

Halfords Group PLC

     305,043         1,494,723  

Hays PLC

     1,415,704         2,073,363  

Headlam Group PLC

     111,588         590,078  

Hill & Smith Holdings PLC

     78,018         528,360  

Homeserve PLC

     380,367         1,158,025  

Howden Joinery Group PLC

     144,607         524,134  

Huntsworth PLC

     257,655         205,399  

Interserve PLC

     161,926         1,227,662  

ITE Group PLC

     202,091         837,435  

James Fisher & Sons PLC

     7,814         122,805  

JD Sports Fashion PLC

     35,553         374,659  

JD Wetherspoon PLC

     79,455         648,486  

John Menzies PLC

     54,783         594,359  

Jupiter Fund Management PLC

     312,462         1,554,325  

Kcom Group PLC

     488,655         602,503  

Keller Group PLC

     75,196         930,579  

Kier Group PLC(a)

     34,714         617,779  

Laird PLC

     211,875         699,101  

LSL Property Services PLC

     114,718         586,597  

Marshalls PLC

     485,769         922,020  

Marston’s PLC

     578,092         1,242,093  
     

Mecom Group PLC

     394,543       $ 515,221  

Micro Focus International PLC

     101,199         1,053,378  

Mitie Group PLC

     164,433         701,111  

Moneysupermarket.com Group PLC

     631,189         1,897,690  

Morgan Crucible Co. PLC

     165,101         707,970  

Morgan Sindall Group PLC

     53,507         450,925  

N. Brown Group PLC

     296,961         1,839,756  

National Express Group PLC

     363,833         1,131,996  

Novae Group PLC

     107,374         741,842  

Pace PLC

     130,023         480,553  

Petropavlovsk PLC

     103,507         350,647  

Premier Farnell PLC

     419,619         1,421,528  

Renishaw PLC

     29,581         825,580  

Restaurant Group PLC

     131,134         931,685  

RPC Group PLC

     87,786         529,862  

RPS Group PLC

     127,871         519,005  

Savills PLC

     114,540         944,404  

Senior PLC

     139,508         505,017  

Shanks Group PLC

     370,153         441,216  

SIG PLC

     296,035         712,031  

Smiths News PLC

     298,329         838,046  

Spirent Communications PLC

     147,555         330,033  

ST Modwen Properties PLC

     121,697         475,837  

Sthree PLC

     187,981         989,763  

Synergy Health PLC

     31,855         492,409  

Telecom Plus PLC

     42,240         642,035  

Tullett Prebon PLC

     226,894         893,015  

WH Smith PLC(a)

     109,037         1,235,960  

WS Atkins PLC

     66,986         927,640  
     

 

 

 
Total United Kingdom               80,671,363  
TOTAL COMMON STOCKS
(Cost: $460,923,568)
              556,862,988  
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree Europe SmallCap Dividend Fund(b)

     9,588         400,395  

WisdomTree Japan SmallCap Dividend Fund(b)

     6,687         327,930  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $728,264)
              728,325  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 16.0%      
United States – 16.0%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $90,214,278)(d)      90,214,278         90,214,278   
TOTAL INVESTMENTS IN SECURITIES – 115.2%
(Cost: $551,866,110)
         647,805,591  

Liabilities in Excess of Foreign Currency and Other Assets – (15.2)%

        (85,672,767
     

 

 

 
NET ASSETS – 100.0%             $ 562,132,824  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      89   


Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 28, 2013

 

  

 

 

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 $53,746, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $84,913,406 and the total market value of the collateral held by the Fund was $90,214,278.

 

See Notes to Financial Statements.

 

90   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
Argentina – 0.2%      

IRSA Inversiones y Representaciones S.A. ADR

     315,192       $ 2,972,260  

Telecom Argentina S.A. ADR(a)

     427,331         6,200,573  
     

 

 

 
Total Argentina               9,172,833  
Brazil – 12.2%      

AES Tiete S.A.

     1,211,392         10,513,730  

Autometal S.A.

     588,148         6,014,636  

Banco do Brasil S.A.

     12,359,232         168,254,975  

Banco Santander Brasil S.A.

     8,064,000         58,429,856  

BM&F Bovespa S.A.

     4,346,900         29,405,468  

Brasil Insurance Participacoes e Administracao S.A.

     533,110         5,922,416  

Brookfield Incorporacoes S.A.

     1,730,900         2,154,665  

Centrais Eletricas Brasileiras S.A.

     4,997,700         17,325,327  

Cia Energetica de Minas Gerais

     1,818,431         21,130,180  

Cia Siderurgica Nacional S.A.

     5,367,900         24,305,764  

CPFL Energia S.A.

     3,187,480         33,355,235  

EDP-Energias do Brasil S.A.

     2,093,100         13,100,366  

Eternit S.A.

     800,100         3,535,543  

Grendene S.A.

     827,260         8,816,831  

Light S.A.

     818,239         8,116,041  

MRV Engenharia e Participacoes S.A.

     920,488         3,830,136  

Natura Cosmeticos S.A.

     1,023,500         25,065,306  

Oi S.A.

     4,682,911         16,141,162  

PDG Realty S.A. Empreendimentos e Participacoes

     3,005,525         4,635,695  

Santos Brasil Participacoes S.A.

     527,732         7,904,137  

Tractebel Energia S.A.

     1,998,900         34,439,351  

Vale S.A.

     9,031,300         156,318,283  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     382,100         7,390,532  
     

 

 

 
Total Brazil               666,105,635  
Chile – 1.7%      

Administradora de Fondos de Pensiones Provida S.A.

     1,487,297         10,400,202  

Aguas Andinas S.A. Class A

     18,110,806         14,591,916  

Banco de Chile

     152,127,837         23,966,382  

Corpbanca

     1,401,147,706         19,237,379  

ENTEL Chile S.A.

     649,817         13,742,373  

Inversiones Aguas Metropolitanas S.A.

     5,891,050         12,403,611  
     

 

 

 
Total Chile               94,341,863  
China – 16.2%      

Bank of China Ltd. Class H

     246,077,909         114,120,883  

China CITIC Bank Corp., Ltd. Class H

     51,600,000         30,976,020  

China Construction Bank Corp. Class H

     549,304,390         448,634,143  

China Petroleum & Chemical Corp. Class H

     47,142,000         55,506,545  

China Suntien Green Energy Corp., Ltd. Class H

     28,053,605         7,661,513  

Chongqing Rural Commercial Bank Class H

     27,780,979         14,852,024  
     

Datang International Power Generation Co., Ltd. Class H

     11,350,000       $ 5,015,104  

Guangzhou R&F Properties Co., Ltd. Class H(a)

     11,897,600         19,955,396  

Industrial & Commercial Bank of China, Ltd. Class H

     219,134,765         153,567,805  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     19,976,000         8,775,117  

Yanzhou Coal Mining Co., Ltd. Class H(a)

     8,020,000         10,806,773  

Zhejiang Expressway Co., Ltd. Class H

     21,588,724         17,048,157  
     

 

 

 
Total China               886,919,480  
Czech Republic – 2.0%      

CEZ AS

     2,048,801         60,098,762  

Komercni Banka AS(a)

     95,759         18,323,861  

Telefonica Czech Republic AS(a)

     1,947,951         29,419,815  
     

 

 

 
Total Czech Republic               107,842,438  
Hungary – 0.2%      

Magyar Telekom Telecommunications PLC(a)

     5,290,667         9,216,926  
Indonesia – 2.1%      

AKR Corporindo Tbk PT

     7,722,781         3,973,646  

Aneka Tambang Persero Tbk PT

     69,216,000         9,758,263  

Astra Agro Lestari Tbk PT

     4,531,000         8,626,035  

Bank Tabungan Negara Persero Tbk PT

     47,868,405         8,374,200  

Indo Tambangraya Megah Tbk PT

     7,133,500         26,060,123  

Japfa Comfeed Indonesia Tbk PT

     11,636,804         11,316,470  

Perusahaan Gas Negara Persero Tbk PT

     59,861,500         36,653,041  

Timah Persero Tbk PT

     27,134,134         3,992,983  

Vale Indonesia Tbk PT

     20,361,000         4,976,319  
     

 

 

 
Total Indonesia               113,731,080  
Malaysia – 4.6%      

Batu Kawan Bhd

     518,000         3,014,487  

Berjaya Sports Toto Bhd

     8,157,591         10,932,990  

Boustead Holdings Bhd

     3,459,283         5,786,884  

British American Tobacco Malaysia Bhd

     786,050         15,860,618  

Carlsberg Brewery Malaysia Bhd

     1,563,124         6,895,616  

CB Industrial Product Holding Bhd

     4,274,048         3,464,512  

Coastal Contracts Bhd

     5,542,591         3,579,907  

DiGi.Com Bhd

     20,828,300         31,210,500  

HAP Seng Consolidated Bhd

     14,623,800         8,170,248  

Hap Seng Plantations Holdings Bhd

     4,112,439         3,625,693  

Lafarge Malayan Cement Bhd

     3,040,627         9,701,726  

Malayan Banking Bhd

     26,455,100         80,309,362  

Malaysia Building Society

     6,722,080         5,883,041  

Maxis Bhd

     24,976,700         52,671,678  

Media Prima Bhd

     9,131,600         7,195,577  

TDM Bhd

     2,079,985         2,565,975  
     

 

 

 
Total Malaysia               250,868,814  
Mexico – 2.9%      

Grupo Mexico S.A.B. de C.V. Series B

     22,435,500         90,711,848  

Grupo Modelo S.A.B de CV Series C(a)

     7,815,800         70,910,785  
     

 

 

 
Total Mexico               161,622,633  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      91   


Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
Philippines – 1.3%      

Globe Telecom, Inc.

     557,930       $ 16,405,685  

Philippine Long Distance Telephone Co.

     607,705         44,494,549  

Semirara Mining Corp.

     1,413,184         9,259,627  
     

 

 

 
Total Philippines               70,159,861  
Poland – 3.5%      

Asseco Poland S.A.

     196,647         2,539,370  

Bank Handlowy w Warszawie S.A.

     349,227         9,770,990  

KGHM Polska Miedz S.A.

     1,164,500         56,498,363  

Powszechna Kasa Oszczednosci Bank Polski S.A.

     3,034,419         32,233,909  

Powszechny Zaklad Ubezpieczen S.A.

     360,335         44,758,671  

Synthos S.A.

     7,370,334         14,276,347  

Tauron Polska Energia S.A.

     10,808,238         14,222,896  

Telekomunikacja Polska S.A.

     6,223,512         12,762,940  

Warsaw Stock Exchange

     393,231         4,739,398  
     

 

 

 
Total Poland               191,802,884  
Russia – 12.5%      

Gazprom Neft JSC ADR(a)

     3,124,804         65,933,364  

Gazprom OAO ADR

     39,046,728         333,849,524  

Lukoil OAO ADR

     2,069,462         133,273,353  

Mechel ADR(a)

     231,834         1,173,080  

Mobile Telesystems OJSC ADR

     3,591,788         74,493,683  

Novolipetsk Steel OJSC Reg S GDR(a)

     1,613,067         25,438,067  

Phosagro OAO GDR GDR(a)

     1,220,609         17,210,587  

Tatneft ADR

     892,982         35,344,228  
     

 

 

 
Total Russia               686,715,886  
South Africa – 7.3%      

ABSA Group Ltd.(a)

     1,835,556         31,011,252  

African Bank Investments Ltd.(a)

     3,413,980         11,271,461  

Allied Technologies Ltd.(a)

     995,044         4,012,952  

Coronation Fund Managers Ltd.

     2,782,024         14,555,330  

Exxaro Resources Ltd.(a)

     760,876         13,543,161  

Investec Ltd.

     535,676         3,752,000  

Kumba Iron Ore Ltd.(a)

     1,415,431         75,900,963  

MMI Holdings Ltd.

     4,469,547         11,317,035  

MTN Group Ltd.(a)

     5,918,747         104,176,192  

Ppc Ltd.

     636,075         2,222,063  

Reunert Ltd.

     188,064         1,573,273  

Sasol Ltd.

     1,543,489         68,529,973  

Vodacom Group Ltd.(a)

     4,754,126         56,949,294  
     

 

 

 
Total South Africa               398,814,949  
South Korea – 2.9%      

Hite Jinro Co., Ltd.

     130,702         3,817,917  

Industrial Bank of Korea

     1,677,970         19,228,939  

KT Corp. ADR

     1,957,556         30,753,205  

KT Corp.

     176,330         5,562,811  

SK Telecom Co., Ltd. ADR

     2,171,570         38,805,956  

SK Telecom Co., Ltd.

     132,450         21,487,709  

S-Oil Corp.

     353,805         29,701,049  

Tong Yang Life Insurance

     791,013         7,642,809  
     

 

 

 
Total South Korea               157,000,395  
     
Taiwan – 19.4%      

AcBel Polytech, Inc.

     8,900,383       $ 7,738,816  

ALI Corp.

     3,155,000         3,534,571  

AmTRAN Technology Co., Ltd.

     6,332,306         5,135,304  

Apex Biotechnology Corp.

     1,094,458         2,869,509  

Asia Cement Corp.

     11,957,538         14,475,809  

Career Technology (MFG.) Co., Ltd.

     2,069,092         2,632,855  

Chicony Electronics Co., Ltd.

     3,081,017         8,170,710  

Chimei Materials Technology Corp.

     3,212,561         3,792,439  

China Steel Chemical Corp.

     1,577,000         7,699,757  

China Steel Corp.

     52,435,105         45,504,255  

China Synthetic Rubber Corp.

     4,156,000         4,461,420  

Chin-Poon Industrial Co., Ltd.

     2,053,000         2,409,842  

Chroma ATE, Inc.

     1,892,000         4,555,606  

Chunghwa Telecom Co., Ltd.

     26,331,248         81,188,565  

Cleanaway Co., Ltd.

     730,787         5,474,334  

Compal Electronics, Inc.

     23,483,000         16,530,964  

Cyberlink Corp.

     1,729,433         5,558,014  

Darfon Electronics Corp.

     3,755,784         3,705,230  

Delta Electronics, Inc.

     7,400,000         30,933,868  

Depo Auto Parts Industries Co., Ltd.

     1,402,163         3,516,837  

E-LIFE MALL Co., Ltd.

     986,880         2,435,641  

Elite Material Co., Ltd.

     3,277,361         3,288,047  

Epistar Corp.

     4,119,000         7,328,177  

EVA Airways Corp.*

     13,822,000         8,158,458  

Excelsior Medical Co., Ltd.

     1,699,692         3,285,417  

Far Eastern New Century Corp.

     21,590,510         22,130,228  

Farglory Land Development Co., Ltd.

     3,780,000         6,927,314  

Feng Hsin Iron & Steel Co.

     2,075,922         3,616,940  

Forhouse Corp.

     6,919,000         3,459,211  

Formosa Chemicals & Fibre Corp.

     32,082,000         71,776,132  

Formosa Petrochemical Corp.

     23,395,000         61,416,520  

Formosa Plastics Corp.

     31,442,000         74,234,770  

Gigabyte Technology Co., Ltd.

     5,984,000         5,423,172  

Global Mixed Mode Technology, Inc.

     1,109,118         3,642,351  

Grape King Industrial Co.

     1,888,706         5,911,977  

Great China Metal Industry

     2,082,000         2,419,513  

HTC Corp.

     4,950,000         40,391,272  

Huaku Development Co., Ltd.

     1,850,573         4,629,140  

ICP Electronics, Inc.

     2,999,000         3,826,163  

Inventec Corp.

     13,198,967         4,965,751  

ITEQ Corp.

     4,159,100         4,756,834  

Kee Tai Properties Co., Ltd.

     5,883,000         4,328,267  

King Yuan Electronics Co., Ltd.

     10,119,000         6,835,676  

Lite-On Technology Corp.

     9,129,938         14,808,193  

Macronix International

     20,404,000         5,840,924  

Makalot Industrial Co., Ltd.

     1,814,000         6,794,348  

MediaTek, Inc.

     4,806,000         54,645,598  

Mega Financial Holding Co., Ltd.

     17,139,028         13,841,904  

Micro-Star International Co., Ltd.

     7,645,000         3,604,866  

Namchow Chemical Industrial Co., Ltd.

     3,691,922         3,469,376  

Nan Ya Plastics Corp.

     39,900,000         70,186,105  

Nien Hsing Textile Co., Ltd.

     5,802,858         4,133,463  

Novatek Microelectronics Corp.

     2,135,415         9,319,343  

 

See Notes to Financial Statements.

 

92   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Opto Technology Corp.

     6,145,000       $ 2,527,665  

Phihong Technology Co., Ltd.

     1,287,297         1,043,958  

Pou Chen Corp.

     10,297,000         10,984,844  

Powertech Technology, Inc.

     3,965,000         6,643,140  

Quanta Computer, Inc.

     9,956,990         21,910,206  

Radium Life Tech Co., Ltd.

     12,623,064         11,482,229  

RichTek Technology Corp.

     852,000         4,900,727  

Sigurd Microelectronics Corp.

     4,636,306         4,744,452  

Siliconware Precision Industries Co.

     7,893,000         8,974,567  

Syncmold Enterprise Corp.

     2,020,036         3,708,719  

Taiflex Scientific Co., Ltd.

     1,890,905         2,295,455  

Tainan Spinning Co., Ltd.

     13,174,000         6,586,449  

Taiwan Cement Corp.

     12,949,364         15,936,346  

Taiwan Hon Chuan Enterprise Co., Ltd.

     2,756,778         7,117,240  

Taiwan Mobile Co., Ltd.

     9,205,000         31,091,213  

Taiwan Prosperity Chemical Corp.

     3,689,460         4,207,360  

Taiwan Secom Co., Ltd.

     2,220,635         5,012,720  

Taiwan Surface Mounting Technology Co., Ltd.

     2,164,950         3,569,335  

Test Research, Inc.

     2,331,559         4,124,721  

Ton Yi Industrial Corp.

     16,180,767         9,929,507  

Tripod Technology Corp.

     1,961,000         4,354,499  

TSRC Corp.

     2,934,208         5,691,299  

Tung Ho Steel Enterprise Corp.

     8,866,000         8,450,163  

TXC Corp.

     2,554,000         3,847,762  

U-Ming Marine Transport Corp.

     3,303,000         5,097,682  

Unimicron Technology Corp.

     9,707,000         9,965,886  

United Integrated Services Co., Ltd.

     1,030,000         969,635  

United Microelectronics Corp.

     64,481,000         23,935,761  

Wistron Corp.

     8,452,658         9,243,438  

Wistron NeWeb Corp.

     2,270,015         3,848,834  

WPG Holdings Co., Ltd.

     6,126,000         6,944,951  

WT Microelectronics Co., Ltd.

     3,726,235         4,348,988  

Yungtay Engineering Co., Ltd.

     2,751,773         5,374,251  

Zinwell Corp.

     4,093,000         3,326,140  
     

 

 

 
Total Taiwan               1,063,909,938  
Thailand – 6.3%      

Advanced Info Service PCL

     8,807,690         70,978,823  

Bangchak Petroleum PCL

     9,298,171         11,430,226  

BTS Group Holdings PCL NVDR

     45,710,099         14,203,923  

Electricity Generating PCL

     1,188,900         6,312,923  

Kiatnakin Bank PCL

     4,939,578         11,216,730  

Land and Houses PCL NVDR

     35,509,320         15,520,550  

Polyplex PCL NVDR

     9,280,358         3,992,915  

PTT Global Chemical PCL NVDR

     10,325,337         24,504,385  

PTT PCL NVDR

     6,464,700         71,523,401  

Ratchaburi Electricity Generating Holding PCL

     3,332,796         6,799,882  

Samart Corp. PCL

     6,985,900         6,619,728  

Shin Corp. PCL NVDR

     17,133,702         46,512,867  

Siam City Cement PCL NVDR

     863,623         14,509,220  

Supalai PCL

     8,095,718         5,750,075  

Thai Oil PCL NVDR

     6,685,200         14,609,964  

Thanachart Capital PCL

     8,323,153         12,718,494  
     

Tisco Financial Group PCL

     3,367,899       $ 6,353,984  

Vinythai PCL NVDR

     6,930,255         4,283,340  
     

 

 

 
Total Thailand               347,841,430  
Turkey – 4.3%      

Arcelik A.S.(a)

     1,786,094         12,634,431  

Bagfas Bandirma Gubre Fabrik(a)

     41,763         1,304,012  

Borusan Mannesmann Boru Sanayi VE Ticaret A.S.(a)

     105,280         2,048,000  

Cimsa Cimento Sanayi VE Tica(a)

     602,658         3,713,532  

Dogus Otomotiv Servis VE Ticaret A.S.

     667,419         4,186,353  

Eregli Demir VE Celik Fabrikalari TAS(a)

     11,269,264         14,635,408  

Ford Otomotiv Sanayi A.S.

     2,043,584         29,363,462  

Kardemir Karabuk Demir Celik Sanayi VE Ticaret A.S. Class D

     7,588,575         6,793,861  

Konya Cimento Sanayii A.S.

     25,071         4,738,481  

Otokar Otomotiv VE Savunma Sanayi A.S. *

     133,322         4,199,698  

Sinpas Gayrimenkul Yatirim Ortakligi A.S.

     5,006,493         3,956,499  

Tofas Turk Otomobil Fabrikasi A.S.

     1,949,805         14,061,871  

Tupras Turkiye Petrol Rafinerileri A.S.(a)

     1,421,555         42,815,555  

Turk Telekomunikasyon A.S.(a)

     16,262,325         72,077,285  

Turk Traktor ve Ziraat Makineleri A.S.

     247,278         8,130,998  

Ulker Biskuvi Sanayi A.S.(a)

     1,806,571         13,627,905  
     

 

 

 
Total Turkey               238,287,351  
TOTAL COMMON STOCKS
(Cost: $5,213,729,221)
              5,454,354,396  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.4%      
United States – 6.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $348,330,706)(c)      348,330,706         348,330,706  
TOTAL INVESTMENTS IN SECURITIES – 106.0%
(Cost: $5,562,059,927)
         5,802,685,102  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (6.0)%

        (327,616,741
     

 

 

 
NET ASSETS – 100.0%             $ 5,475,068,361  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depository Receipt

 

* 

Non-income producing security.

 

(a) 

Security or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $320,203,950 and the total market value of the collateral held by the Fund was $348,330,706.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      93   


Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.0%      
Argentina – 1.1%      

Cresud S.A.CIF y A ADR(a)

     230,092       $ 2,160,564  

IRSA Inversiones y Representaciones S.A. ADR(a)

     819,660         7,729,394  

Telecom Argentina S.A. ADR(a)

     413,819         6,004,513  
     

 

 

 
Total Argentina               15,894,471  
Brazil – 7.6%      

Abril Educacao S.A.

     16,910         398,356  

Aliansce Shopping Centers S.A.

     269,500         3,207,776  

Arezzo & Co.

     48,583         980,406  

Autometal S.A.

     416,292         4,257,168  

Brasil Insurance Participacoes e Administracao S.A.

     364,845         4,053,130  

Brookfield Incorporacoes S.A.

     2,317,760         2,885,202  

Cyrela Commercial Properties S.A. Empreendimentos E Participacoes

     128,172         1,577,081  

Diagnosticos da America S.A.

     91,112         528,231  

Direcional Engenharia S.A.*

     396,861         2,853,912  

Equatorial Energia S.A.*

     302,823         3,048,730  

Estacio Participacoes S.A.

     29,596         644,365  

Eternit S.A.

     417,496         1,844,863  

Even Construtora e Incorporadora S.A.

     390,308         1,897,001  

Grendene S.A.

     1,336,409         14,243,276  

Helbor Empreendimentos S.A.

     635,187         4,252,746  

Iochpe-Maxion S.A.

     237,221         3,123,574  

JHSF Participacoes S.A.*

     1,755,076         6,702,252  

Lojas Americanas S.A.

     65,438         540,029  

LPS Brasil Consultoria de Imoveis S.A.

     120,367         2,142,471  

Marisa Lojas S.A.

     417,797         6,236,859  

Mills Estruturas e Servicos de Engenharia S.A.

     44,867         725,402  

Minerva S.A.*

     254,561         1,653,854  

MRV Engenharia e Participacoes S.A.

     1,629,081         6,778,580  

PDG Realty S.A. Empreendimentos e Participacoes

     4,471,933         6,897,469  

Rossi Residencial S.A.

     1,393,773         2,129,006  

Santos Brasil Participacoes S.A.

     399,982         5,990,754  

Sao Martinho S.A.

     135,873         1,917,121  

SLC Agricola S.A.

     245,130         2,266,086  

Sonae Sierra Brasil S.A.

     126,806         1,751,455  

Sul America S.A.

     509,335         5,100,044  

T4F Entretenimento S.A.

     61,730         267,879  

Technos S.A.

     155,694         2,050,078  

Tegma Gestao Logistica

     136,100         2,159,942  

TPI – Triunfo Participacoes e Investimentos S.A.

     184,489         1,110,768  

Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao S.A.

     271,150         5,244,551  
     

 

 

 
Total Brazil               111,460,417  
Chile – 4.5%      

AFP Provida S.A.

     2,395,890         16,753,708  

Besalco S.A.

     549,029         1,022,992  

CFR Pharmaceuticals S.A.

     12,547,488         3,231,626  
     

Empresas Hites S.A.

     1,275,254       $ 1,513,815  

Empresas Iansa S.A.

     6,031,149         452,320  

Forus S.A.

     486,302         3,421,381  

Inversiones Aguas Metropolitanas S.A.

     4,808,328         10,123,938  

Molibdenos y Metales S.A.

     91,216         1,624,196  

Parque Arauco S.A.

     2,694,626         6,958,333  

Ripley Corp. S.A.

     2,931,212         3,353,232  

Salfacorp S.A.

     1,073,246         2,367,170  

Sigdo Koppers S.A.

     2,536,292         6,973,123  

Socovesa S.A.

     582,075         286,306  

Sonda S.A.

     1,332,958         4,646,916  

Vina Concha y Toro S.A.

     1,698,234         3,422,567  
     

 

 

 
Total Chile               66,151,623  
China – 4.7%      

BBMG Corp. Class H

     1,674,193         1,365,209  

Beijing Capital Land Ltd. Class H

     18,274,793         6,732,998  

China Datang Corp. Renewable Power Co., Ltd. Class H(a)

     10,419,948         1,959,785  

China National Materials Co., Ltd. Class H(a)

     9,480,577         2,528,105  

China Oilfield Services Ltd. Class H

     2,250,060         4,713,078  

China Railway Construction Corp., Ltd. Class H

     1,133,598         1,074,798  

China Railway Group Ltd. Class H(a)

     6,445,273         3,279,657  

China Suntien Green Energy Corp., Ltd. Class H

     14,215,942         3,882,411  

Chongqing Machinery & Electric Co., Ltd. Class H(a)

     11,926,842         1,690,083  

CSR Corp., Ltd. Class H(a)

     5,336,379         3,787,811  

Dalian Port PDA Co., Ltd. Class H

     5,136,507         1,191,051  

Datang International Power Generation Co., Ltd. Class H

     13,085,019         5,781,739  

Great Wall Motor Co., Ltd. Class H

     1,345,050         4,557,054  

Guangshen Railway Co., Ltd. Class H

     1,386,665         678,805  

Harbin Electric Co., Ltd. Class H(a)

     2,360,071         1,918,423  

Jiangsu Expressway Co., Ltd. Class H

     5,149,933         5,154,809  

Lianhua Supermarket Holdings Co., Ltd. Class H(a)

     1,976,508         1,576,084  

Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H

     13,347,587         2,321,275  

Shenzhen Expressway Co., Ltd. Class H

     4,721,697         1,770,032  

Sichuan Expressway Co., Ltd. Class H

     3,858,041         1,247,471  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

     10,592,682         4,653,185  

Tong Ren Tang Technologies Co., Ltd. Class H

     554,944         1,890,884  

Travelsky Technology Ltd. Class H

     2,045,788         1,346,702  

Weichai Power Co., Ltd. Class H

     194,769         648,590  

Zoomlion Heavy Industry Science And Technology Co., Ltd. Class H(a)

     2,339,569         2,824,005  

ZTE Corp. Class H

     258,480         446,192  
     

 

 

 
Total China               69,020,236  
Hong Kong – 0.0%      

Avichina Industry & Technology Co., Ltd. Class H

     1,517,271         744,695  

 

See Notes to Financial Statements.

 

94   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
Hungary – 1.0%      

Magyar Telekom Telecommunications PLC(a)

     8,264,818       $ 14,398,225  
Indonesia – 5.1%      

AKR Corporindo Tbk PT

     13,328,237         6,857,853  

Alam Sutera Realty Tbk PT

     13,268,786         1,461,034  

Aneka Tambang Persero Tbk PT

     52,216,205         7,361,585  

Bakrie Sumatera Plantations Tbk PT

     43,191,500         440,027  

Bank Bukopin Tbk PT

     23,365,457         2,164,025  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

     53,674,570         7,125,310  

Bank Tabungan Negara Persero Tbk PT

     35,125,657         6,144,957  

Berau Coal Energy Tbk PT

     25,929,290         640,394  

Bhakti Investama Tbk PT

     24,723,112         1,272,092  

Ciputra Development Tbk PT

     12,715,332         1,413,178  

Global Mediacom Tbk PT

     15,825,476         3,786,389  

Harum Energy Tbk PT

     8,509,046         4,203,079  

Holcim Indonesia Tbk PT

     12,063,555         4,469,133  

Japfa Comfeed Indonesia Tbk PT

     10,593,477         10,301,863  

Krakatau Steel Persero Tbk PT

     18,702,395         1,270,242  

Lippo Karawaci Tbk PT

     15,900,041         2,241,632  

Medco Energi Internasional Tbk PT

     10,801,838         1,800,769  

Pembangunan Perumahan Persero Tbk PT

     9,047,047         1,117,207  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

     11,196,252         2,223,696  

Ramayana Lestari Sentosa Tbk PT

     19,886,828         2,844,630  

Sampoerna Agro PT

     6,247,033         1,350,015  

Summarecon Agung Tbk PT

     12,476,655         3,177,743  

Timah Persero Tbk PT

     2,958,611         435,381  

Tower Bersama Infrastructure Tbk PT*

     764,299         475,843  

Wijaya Karya Persero Tbk PT

     3,865,743         805,570  
     

 

 

 
Total Indonesia               75,383,647  
Malaysia – 8.2%      

Aeon Co. M Bhd

     623,413         2,637,400  

Affin Holdings Bhd

     4,954,895         5,456,545  

Alliance Financial Group Bhd

     6,063,947         8,616,621  

Berjaya Corp. Bhd

     12,145,070         2,019,929  

Berjaya Sports Toto Bhd

     4,965,737         6,655,194  

BIMB Holdings Bhd

     3,463,628         3,836,669  

Boustead Holdings Bhd

     3,510,605         5,872,738  

Carlsberg Brewery Malaysia Bhd

     1,115,950         4,922,938  

CB Industrial Product Holding Bhd

     2,231,695         1,808,995  

Coastal Contracts Bhd

     2,290,999         1,479,735  

Dialog Group Bhd

     2,410,490         1,852,726  

DRB-Hicom Bhd

     3,895,161         3,245,443  

Eastern & Oriental Bhd

     4,155,143         2,147,014  

Gamuda Bhd

     4,894,108         6,527,585  

HAP Seng Consolidated Bhd

     9,668,692         5,401,853  

Hap Seng Plantations Holdings Bhd

     2,548,914         2,247,226  

Hartalega Holdings Bhd

     1,083,221         1,724,618  

IJM Land Bhd

     4,246,519         3,538,194  

IJM Plantations Bhd

     1,447,082         1,406,658  

JCY International Bhd

     1,636,360         274,796  

KPJ Healthcare Bhd

     1,306,335         2,501,717  
     

Kulim Malaysia Bhd

     2,979,713       $ 3,502,715  

Lafarge Malayan Cement Bhd

     3,005,200         9,588,689  

Mah Sing Group Bhd

     5,613,114         4,205,530  

Malaysia Airports Holdings Bhd

     3,112,461         5,819,845  

Malaysia Building Society Bhd

     4,281,827         3,747,376  

Malaysian Resources Corp. Bhd

     4,164,493         1,950,110  

Media Prima Bhd

     4,379,136         3,450,700  

MSM Malaysia Holdings Bhd

     863,064         1,390,825  

Mudajaya Group Bhd

     24,908         19,466  

Oriental Holdings Bhd

     52,541         162,892  

OSK Holdings Bhd

     5,525,556         2,623,145  

Parkson Holdings Bhd

     1,691,590         2,567,568  

QL Resources Bhd

     751,829         723,543  

Supermax Corp. Bhd

     470,867         288,922  

TA Ann Holdings Bhd

     525,536         590,623  

TDM Bhd

     661,269         815,775  

Top Glove Corp. Bhd

     1,176,790         2,052,209  

Tradewinds Plantation Bhd

     513,238         827,081  

Unisem M Bhd

     403,181         114,581  

WCT Bhd

     3,130,403         2,436,387  
     

 

 

 
Total Malaysia               121,052,576  
Mexico – 2.4%      

Banregio Grupo Financiero S.A.B De C.V.

     479,985         2,495,783  

Cia Minera Autlan S.A.B de C.V. Series B

     1,179,780         1,040,267  

Compartamos S.A.B de C.V.

     2,912,639         5,377,187  

Consorcio ARA S.A.B de C.V.*

     3,112,326         1,271,248  

Grupo Aeroportuario del Pacifico S.A.B de C.V. Class B

     1,335,074         7,878,994  

Grupo Aeroportuario del Sureste S.A.B de C.V. Class B(a)

     858,389         11,674,616  

Grupo Herdez S.A.B de C.V.(a)

     545,898         2,008,548  

TV Azteca S.A.B de C.V.

     4,132,100         2,933,524  
     

 

 

 
Total Mexico               34,680,167  
Philippines – 2.6%      

First Philippine Holdings Corp.

     1,036,220         2,666,089  

Lopez Holdings Corp.

     11,746,889         2,078,229  

Manila Water Co., Inc.

     3,870,155         3,793,340  

Megaworld Corp.

     44,807,734         4,271,063  

Nickel Asia Corp.

     2,905,263         1,708,559  

Rizal Commercial Banking Corp.

     1,604,122         2,751,496  

Robinsons Land Corp.

     7,239,300         4,523,454  

Security Bank Corp.

     895,351         3,992,989  

Semirara Mining Corp.

     1,249,720         8,188,560  

Union Bank of Philippines

     1,262,174         3,866,007  
     

 

 

 
Total Philippines               37,839,786  
Poland – 2.9%      

Asseco Poland S.A.

     216,192         2,791,761  

Enea S.A.

     833,644         3,806,242  

Eurocash S.A.

     115,633         1,889,620  

Lubelski Wegiel Bogdanka S.A.

     62,126         2,280,694  

Synthos S.A.

     7,175,794         13,899,523  

Tauron Polska Energia S.A.

     11,421,982         15,030,541  

TVN S.A.

     425,088         1,245,550  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      95   


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Warsaw Stock Exchange

     192,289       $ 2,317,554  
     

 

 

 
Total Poland               43,261,485  
Russia – 0.8%      

LSR Group OJSC GDR(a)

     1,044,986         4,524,790  

Mechel ADR(a)

     1,338,952         6,775,097  
     

 

 

 
Total Russia               11,299,887  
South Africa – 6.7%      

Adcorp Holdings Ltd.

     455,306         1,513,642  

Aeci Ltd.(a)

     30,656         340,962  

African Oxygen Ltd.(a)

     922,859         2,294,461  

Astral Foods Ltd.(a)

     287,536         2,952,631  

Aveng Ltd.

     1,072,658         3,772,943  

AVI Ltd.

     1,297,704         7,597,151  

Blue Label Telecoms Ltd.

     499,252         429,355  

Cashbuild Ltd.

     60,794         829,631  

Cipla Medpro South Africa Ltd.

     70,857         71,981  

City Lodge Hotels Ltd.

     49,215         616,901  

Coronation Fund Managers Ltd.(a)

     2,166,467         11,334,785  

Eqstra Holdings Ltd.

     915,028         663,248  

Hosken Consolidated Investments Ltd.(a)

     239,599         2,938,822  

Investec Ltd.

     747,589         5,236,289  

JD Group Ltd.(a)

     762,115         2,891,642  

JSE Ltd.

     498,995         3,877,981  

Lewis Group Ltd.(a)

     456,534         3,216,083  

Mondi Ltd.(a)

     446,405         6,057,848  

Mpact Ltd.

     537,362         1,369,989  

Nampak Ltd.

     1,793,194         6,274,112  

Omnia Holdings Ltd.

     92,782         1,597,868  

Pick’n Pay Holdings Ltd.

     1,415,824         2,856,509  

Pioneer Foods Ltd.(a)

     160,309         1,250,572  

PPC Ltd.

     1,212,287         4,235,000  

Reunert Ltd.

     592,204         4,954,156  

Spar Group Ltd. (The)(a)

     527,122         6,530,959  

Sun International Ltd.

     311,403         3,428,184  

Tongaat Hulett Ltd.

     214,798         3,358,542  

Trencor Ltd.

     463,677         3,638,882  

Wilson Bayly Holmes-Ovcon Ltd.(a)

     148,049         2,489,309  
     

 

 

 
Total South Africa               98,620,438  
South Korea – 9.2%      

BS Financial Group, Inc.

     258,887         3,513,566  

Capro Corp.

     186,500         1,902,548  

CJ CGV Co., Ltd.

     29,272         1,320,739  

CJ Corp.

     30,201         3,935,956  

Daeduck Electronics Co.

     79,373         799,009  

Daeduck GDS Co., Ltd.

     34,038         556,796  

Daewoong Pharmaceutical Co., Ltd.

     58,512         3,202,751  

Daishin Securities Co., Ltd.

     148,084         1,292,374  

Daum Communications Corp.

     16,319         1,337,671  

DGB Financial Group, Inc.

     265,459         4,008,369  

Dong-A Pharmaceutical Co., Ltd. Class A

     16,056         1,789,452  

Dongkuk Steel Mill Co., Ltd.

     252,600         2,769,836  

Dongyang Mechatronics Corp.

     401,336         4,472,916  

Doosan Corp.

     42,405         4,878,519  
     

Green Cross Corp.

     12,169       $ 1,695,304  

Halla Climate Control Corp.

     267,570         6,781,839  

Halla Engineering & Construction Corp.

     182,864         1,097,907  

Hana Tour Service, Inc.

     21,395         1,332,620  

Handsome Co., Ltd.

     69,512         1,811,835  

Hansol Paper Co., Ltd.

     95,529         1,030,333  

Hanssem Co., Ltd.

     87,839         1,701,358  

Hanwha Corp.

     111,093         3,359,949  

Hite Jinro Co., Ltd.

     302,857         8,846,713  

Hotel Shilla Co., Ltd.

     40,329         1,993,614  

Huchems Fine Chemical Corp.

     109,569         2,383,219  

Hyosung Corp.

     27,828         1,373,142  

Hyundai Development Co.

     164,564         3,653,362  

iMarketKorea, Inc.

     34,034         772,388  

IS Dongseo Co., Ltd.*

     49,558         516,693  

Jeonbuk Bank

     409,918         2,063,222  

KEPCO Plant Service & Engineering Co., Ltd.

     109,339         5,513,139  

Kolon Corp.

     10,554         218,175  

Kolon Global Corp.*

     94,434         353,088  

Kolon Industries, Inc.

     16,114         779,196  

Korea Aerospace Industries Ltd.

     53,506         1,240,747  

Korea Investment Holdings Co., Ltd.

     110,019         4,385,532  

Korean Reinsurance Co.

     252,135         2,594,774  

LG Fashion Corp.

     54,048         1,462,201  

LG International Corp.

     43,017         1,627,733  

LIG Insurance Co., Ltd.

     105,561         2,248,603  

LS Industrial Systems Co., Ltd.

     14,583         800,846  

Meritz Fire & Marine Insurance Co., Ltd.

     296,340         3,236,141  

Mirae Asset Securities Co., Ltd.

     46,411         1,716,531  

Moorim P&P Co., Ltd.

     341,095         1,488,420  

Neo Holdings Co. Ltd *†

     35,754          

OCI Materials Co., Ltd.

     25,820         843,571  

Partron Co., Ltd.

     49,263         1,135,715  

Poongsan Corp.

     48,284         1,180,411  

S&T Dynamics Co., Ltd.

     113,430         1,315,160  

S1 Corp.

     61,409         3,427,556  

Samsung Fine Chemicals Co., Ltd.

     26,433         1,313,810  

SeAH Steel Corp.

     8,512         760,465  

Seoul Semiconductor Co., Ltd.

     8,585         224,154  

SFA Engineering Corp.

     30,549         1,650,184  

Shinsegae Co., Ltd.

     5,083         1,011,940  

Silicon Works Co., Ltd.

     11,620         242,823  

SK Chemicals Co., Ltd.

     6,881         346,957  

SK Networks Co., Ltd.

     373,301         2,543,251  

SKC Co., Ltd.

     49,133         1,413,137  

STX Corp. Co., Ltd.

     167,156         1,041,157  

STX Offshore & Shipbuilding Co., Ltd.*

     67,135         398,248  

STX Pan Ocean Co., Ltd.*

     51,084         208,909  

Sungwoo Hitech Co., Ltd.

     102,749         1,389,873  

Taeyoung Engineering & Construction Co., Ltd.

     49,912         274,996  

Tong Yang Life Insurance

     446,835         4,317,343  

Woori Investment & Securities Co., Ltd.

     557,102         5,733,254  

Youngone Corp.

     39,176         1,496,477  
     

 

 

 
Total South Korea               136,128,517  

 

See Notes to Financial Statements.

 

96   WisdomTree International Dividend and Sector Funds


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
Taiwan – 22.1%      

Ability Enterprise Co., Ltd.

     1,385,650       $ 1,265,053  

AcBel Polytech, Inc.

     1,737,348         1,510,611  

Accton Technology Corp.

     2,078,884         1,213,160  

Advantech Co., Ltd.

     1,396,610         6,048,357  

ALI Corp.

     240,980         269,972  

Alpha Networks, Inc.

     1,359,788         884,470  

Altek Corp.

     3,219,045         1,943,107  

AmTRAN Technology Co., Ltd.

     3,084,950         2,501,799  

Apex Biotechnology Corp.

     473,203         1,240,669  

AV Tech Corp.

     531,036         1,664,010  

BES Engineering Corp.

     2,989,493         907,770  

Capital Securities Corp.

     9,834,723         3,486,266  

Career Technology (MFG.) Co., Ltd.

     784,220         997,896  

Cheng Uei Precision Industry Co., Ltd.

     1,124,820         2,121,557  

Chicony Electronics Co., Ltd.

     2,299,310         6,097,660  

Chimei Materials Technology Corp.

     1,139,915         1,345,673  

China Airlines Ltd.*

     7,358,382         2,854,518  

China Electric Manufacturing Corp.

     1,639,592         992,446  

China Life Insurance Co., Ltd.*

     4,015,478         3,988,285  

China Petrochemical Development Corp.

     6,228,938         3,385,009  

China Steel Chemical Corp.

     981,726         4,793,311  

China Synthetic Rubber Corp.

     1,998,257         2,145,107  

Chin-Poon Industrial Co., Ltd.

     910,650         1,068,935  

Chroma ATE, Inc.

     933,132         2,246,819  

Chung Hsin Electric & Machinery Manufacturing Corp.

     2,231,882         1,212,878  

Cleanaway Co., Ltd.

     332,940         2,494,058  

Clevo Co.

     311,000         460,221  

CSBC Corp.

     3,332,411         2,083,976  

CTCI Corp.

     1,419,190         2,733,729  

Cyberlink Corp.

     499,596         1,605,591  

CyberTAN Technology, Inc.

     539,000         447,927  

Darfon Electronics Corp.

     653,299         644,505  

Depo Auto Parts Industries Co., Ltd.

     546,646         1,371,071  

D-Link Corp.

     3,177,161         1,848,762  

Eclat Textile Co., Ltd.

     177,508         777,646  

Elan Microelectronics Corp.

     1,059,156         2,327,115  

E-Life Mall Corp.

     204,770         505,377  

Elite Material Co., Ltd.

     846,651         849,412  

Elite Semiconductor Memory Technology, Inc.*

     1,175,953         1,219,114  

Entire Technology Co., Ltd.

     577,725         735,137  

Epistar Corp.

     2,801,576         4,984,327  

Eternal Chemical Co., Ltd.

     2,759,066         2,279,038  

EVA Airways Corp.*

     8,616,721         5,086,034  

Evergreen International Storage & Transport Corp.

     2,690,263         1,839,842  

Everlight Chemical Industrial Corp.

     613,073         421,324  

Everlight Electronics Co., Ltd.

     1,237,165         1,981,781  

Excelsior Medical Co., Ltd.

     220,133         425,506  

Far Eastern Department Stores Co., Ltd.

     2,540,295         2,259,739  

Far Eastern International Bank

     6,923,637         2,801,639  

Faraday Technology Corp.

     661,529         769,876  

Farglory Land Development Co., Ltd.

     4,052,245         7,426,236  
     

Feng Hsin Iron & Steel Co.

     1,917,950       $ 3,341,700  

First Steamship Co., Ltd.

     574,174         433,955  

Flexium Interconnect, Inc.

     73,425         243,093  

Flytech Technology Co., Ltd.

     24,428         62,576  

Forhouse Corp.

     864,000         431,964  

Formosa International Hotels Corp.

     96,441         1,090,111  

Formosan Rubber Group, Inc.

     4,556,221         3,397,834  

Formosan Union Chemical Corp.

     534,904         271,902  

Gemtek Technology Corp.*

     865,017         1,087,690  

Getac Technology Corp.

     875,838         449,598  

Giant Manufacturing Co., Ltd.

     621,464         3,501,937  

Gigabyte Technology Co., Ltd.

     2,884,979         2,614,595  

Gigastorage Corp.

     379,074         270,654  

Global Mixed Mode Technology, Inc.

     205,931         676,279  

Global Unichip Corp.

     243,528         749,254  

Globe Union Industrial Corp.

     1,041,295         538,015  

Goldsun Development & Construction Co., Ltd.

     1,119,879         447,540  

Grand Pacific Petrochemical

     1,357,526         687,786  

Grape King Industrial Co.

     566,197         1,772,295  

Great China Metal Industry

     843,694         980,465  

Great Wall Enterprise Co., Ltd.

     1,484,420         1,320,477  

Hey Song Corp.

     1,068,946         1,397,736  

Holiday Entertainment Co., Ltd.

     206,417         286,475  

Holtek Semiconductor, Inc.

     1,363,773         1,609,939  

Holy Stone Enterprise Co., Ltd.

     298,299         272,836  

Huaku Development Co., Ltd.

     1,714,296         4,288,248  

Huang Hsiang Construction Co.

     777,546         2,028,211  

Hung Poo Real Estate Development Corp.

     1,274,122         1,354,973  

ICP Electronics, Inc.

     1,199,451         1,530,275  

Inventec Corp.

     10,936,413         4,114,527  

ITEQ Corp.

     1,207,657         1,381,218  

Jentech Precision Industrial Co., Ltd.

     288,992         587,600  

KEE TAI Properties Co., Ltd.

     2,791,999         2,054,142  

Kenda Rubber Industrial Co., Ltd.

     647,909         1,159,205  

Kerry Tj Logistics Co., Ltd.

     439,900         689,953  

Kindom Construction Co., Ltd.

     1,070,686         964,969  

King Slide Works Co., Ltd.

     185,615         1,443,207  

King Yuan Electronics Co., Ltd.

     5,749,960         3,884,264  

Kinik Co.

     342,624         619,880  

Kinko Optical Co., Ltd.

     295,371         371,405  

Kinsus Interconnect Technology Corp.

     838,368         2,587,789  

LCY Chemical Corp.

     2,991,612         3,341,521  

Lealea Enterprise Co., Ltd.

     486,483         170,011  

LI Peng Enterprise Co., Ltd.*

     3,649,363         1,287,544  

Lingsen Precision Industries Ltd.

     1,821,814         986,987  

Lotes Co., Ltd.

     150,204         444,547  

Lumax International Corp., Ltd.

     314,764         737,897  

Macronix International

     29,742,659         8,514,243  

Makalot Industrial Co., Ltd.

     781,615         2,927,544  

Mercuries & Associates Ltd.

     68,878         55,858  

Merida Industry Co., Ltd.

     853,041         5,134,935  

Merry Electronics Co., Ltd.

     840,169         1,334,605  

Micro-Star International Co., Ltd.

     2,596,877         1,224,512  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      97   


Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Mitac International Corp.

     2,954,781       $ 1,086,952  

Namchow Chemical Industrial Co., Ltd.

     523,168         491,632  

Nan Kang Rubber Tire Co., Ltd.

     687,098         769,761  

Nan Ya Printed Circuit Board Corp.

     383,000         414,348  

Nantex Industry Co., Ltd.

     1,058,807         683,387  

Novatek Microelectronics Corp.

     2,062,728         9,002,124  

Nuvoton Technology Corp.

     100,632         121,825  

Opto Tech Corp.

     2,000,518         822,887  

Oriental Union Chemical Corp.

     3,157,767         3,247,265  

Phihong Technology Co., Ltd.

     519,393         421,212  

Powertech Technology, Inc.

     2,269,240         3,801,987  

President Securities Corp.*

     6,783,590         4,049,397  

Prince Housing & Development Corp.

     3,604,308         2,549,322  

Radiant Opto-Electronics Corp.

     626,478         2,472,181  

Radium Life Tech Co., Ltd.

     4,997,338         4,545,693  

Realtek Semiconductor Corp.

     1,066,037         2,434,924  

Rechi Precision Co., Ltd.

     288,312         253,578  

Richtek Technology Corp.

     380,145         2,186,604  

Ruentex Industries Ltd.

     309,860         715,002  

Senao International Co., Ltd.

     498,334         1,588,203  

Sercomm Corp.

     235,754         339,410  

Shih Wei Navigation Co., Ltd.

     3,000,834         2,057,256  

Shihlin Electric & Engineering Corp.

     1,197,217         1,417,322  

Shin Zu Shing Co., Ltd.

     514,000         1,550,466  

Shinkong Synthetic Fibers Corp.

     1,371,240         429,680  

Sigurd Microelectronics Corp.

     2,311,076         2,364,984  

Silitech Technology Corp.

     1,017,698         1,868,460  

Sincere Navigation Corp.

     3,390,546         3,050,102  

Sonix Technology Co., Ltd.

     12,979         18,707  

Standard Foods Corp.

     624,433         1,839,731  

Syncmold Enterprise Corp.

     344,239         632,011  

Taiflex Scientific Co., Ltd.

     538,996         654,312  

Tainan Spinning Co., Ltd.

     4,630,952         2,315,282  

Taiwan Cogeneration Corp.

     2,729,065         1,852,689  

Taiwan Glass Industrial Corp.

     2,662,698         2,435,408  

Taiwan Hon Chuan Enterprise Co., Ltd.

     818,945         2,114,290  

Taiwan PCB Techvest Co., Ltd.

     293,751         445,010  

Taiwan Prosperity Chemical Corp.

     1,762,605         2,010,027  

Taiwan Secom Co., Ltd.

     977,931         2,207,519  

Taiwan Surface Mounting Technology Co., Ltd.

     308,390         508,440  

Teco Electric and Machinery Co., Ltd.

     4,885,683         3,880,444  

Test Research, Inc.

     714,049         1,263,212  

Test-Rite International Co.

     1,473,888         1,084,375  

Ton Yi Industrial Corp.

     6,006,538         3,685,978  

Tong Hsing Electronic Industries Ltd.

     286,779         1,213,194  

Tong Yang Industry Co., Ltd.

     1,010,675         917,643  

Topco Scientific Co., Ltd.

     482,682         874,889  

Transcend Information, Inc.

     761,479         2,465,050  

Tripod Technology Corp.

     1,192,928         2,648,956  

Tsann Kuen Enterprise Co., Ltd.

     930,849         1,572,038  

TSRC Corp.

     3,046,773         5,909,634  

Tung Ho Steel Enterprise Corp.

     2,224,153         2,119,835  

TXC Corp.

     872,549         1,314,550  

U-Ming Marine Transport Corp.

     3,358,420         5,183,215  
     

Unimicron Technology Corp.

     6,508,141       $ 6,681,713  

United Integrated Services Co., Ltd.

     2,176,461         2,048,905  

Unizyx Holding Corp.

     2,275,389         1,114,771  

USI Corp.

     2,471,678         1,768,879  

Wah Lee Industrial Corp.

     1,360,195         1,933,226  

Wei Chuan Food Corp.

     1,212,396         1,824,524  

Wistron NeWeb Corp.

     1,128,838         1,913,957  

Wowprime Corp.

     69,364         981,221  

WPG Holdings Co., Ltd.

     4,357,759         4,940,324  

WT Microelectronics Co., Ltd.

     1,217,561         1,421,048  

Yem Chio Co., Ltd.

     591,090         386,450  

Yieh Phui Enterprise Co., Ltd.

     1,467,000         425,345  

Young Fast Optoelectronics Co., Ltd.

     656,232         1,266,268  

Young Optics, Inc.

     270,002         672,691  

Yungtay Engineering Co., Ltd.

     886,614         1,731,570  

Zinwell Corp.

     1,341,186         1,089,903  
     

 

 

 
Total Taiwan               325,824,295  
Thailand – 12.2%      

Amata Corp. PCL

     2,149,607         1,754,332  

Asian Property Development PCL

     7,094,728         2,277,290  

Bangchak Petroleum PCL

     6,026,552         7,408,430  

Bangkok Chain Hospital PCL NVDR

     871,043         350,975  

Bangkok Expressway PCL

     4,509,641         6,121,162  

Bangkok Life Assurance PCL

     1,062,227         2,675,064  

Berli Jucker PCL

     1,482,201         3,884,546  

BTS Group Holdings PCL NVDR

     33,380,364         10,372,590  

Bumrungrad Hospital PCL

     1,502,966         4,413,696  

CH. Karnchang PCL NVDR

     3,881,261         3,207,325  

Delta Electronics Thailand PCL

     4,239,751         5,320,500  

Dynasty Ceramic PCL

     1,121,387         2,383,689  

Electricity Generating PCL

     1,478,991         7,853,273  

Esso Thailand PCL

     8,032,472         2,578,290  

GFPT PCL

     2,967,967         841,186  

Hana Microelectronics PCL

     1,942,308         1,674,689  

Hemaraj Land And Development NVDR PCL

     14,672,002         2,114,251  

Hemaraj Land and Development PCL

     3,559,300         512,899  

Jasmine International PCL

     1,965,348         439,578  

Khon Kaen Sugar Industry PCL NVDR

     3,988,091         1,797,603  

Kiatnakin Bank PCL

     4,787,652         10,871,738  

Lanna Resources PCL NVDR

     1,755,528         1,492,663  

LPN Development PCL

     2,860,302         2,466,199  

LPN Development PCL NVDR

     610,666         526,526  

Major Cineplex Group PCL

     2,430,957         1,701,711  

MCOT PCL

     3,370,710         5,467,261  

Minor International PCL

     3,402,334         2,788,322  

Polyplex PCL NVDR

     6,743,227         2,901,303  

Pruksa Real Estate PCL

     5,754,282         5,894,774  

Ratchaburi Electricity Generating Holding PCL

     3,940,190         8,039,145  

Robinson Department Store PCL

     819,714         2,141,305  

Samart Corp. PCL

     3,337,600         3,162,657  

Samart Telcoms PCL NDVR

     3,176,245         2,700,649  

Sansiri PCL

     62,321,484         10,129,768  

SC Asset Corp. PCL NVDR

     2,826,195         3,136,464  

 

See Notes to Financial Statements.

 

98   WisdomTree International Dividend and Sector Funds


Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Siam City Cement PCL

     611,620       $ 10,275,467  

Sino Thai Engineering & Construction PCL NVDR

     3,113,826         2,950,612  

Sri Trang Agro-Industry PCL NVDR

     3,047,366         1,675,349  

Supalai PCL

     7,000,213         4,971,980  

Thai Tap Water Supply PCL

     15,871,423         5,853,214  

Thai Vegetable Oil PCL

     2,288,879         1,867,994  

Thanachart Capital PCL

     3,777,066         5,771,682  

Ticon Industrial Connection PCL NVDR

     3,495,833         2,936,571  

Tisco Financial Group PCL

     1,497,207         2,824,678  

Tisco Financial Group PCL NVDR

     1,039,458         1,961,074  

TMB Bank PCL NDVR

     58,133,422         5,081,836  

TPI Polene PCL

     533,398         284,139  

Vinythai PCL NVDR

     4,174,794         2,580,289  
     

 

 

 
Total Thailand               180,436,738  
Turkey – 6.9%      

Aksa Akrilik Kimya Sanayii

     669,562         1,824,228  

Anadolu Hayat Emeklilik A.S.(a)

     695,494         2,306,142  

Aselsan Elektronik Sanayi ve Ticaret A.S.(a)

     643,830         3,735,957  

Aslan Cimento A.S

     20,949         441,093  

Bagfas Bandirma Gubre Fabrik(a)

     30,441         950,493  

Borusan Mannesmann

     71,659         1,393,975  

Cimsa Cimento Sanayi ve Tica

     870,915         5,366,511  

Dogus Otomotiv Servis ve Ticaret A.S.(a)

     1,090,331         6,839,048  

EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.

     1,680,146         2,386,281  

Kardemir Karabuk Demir Class D

     3,837,744         3,435,836  

Konya Cimento Sanayii A.S.

     14,629         2,764,917  

Netas Telekomunikasyon A.S.(a)

     102,002         611,617  

Otokar Otomotiv ve Savunma Sanayi A.S.*

     65,178         2,053,134  

Sekerbank TAS*

     1,510,283         1,794,478  

Selcuk Ecza Deposu Ticaret ve Sanayi A.S.

     1,842,412         2,250,196  

Sinpas Gayrimenkul Yatirim Ortakligi A.S.

     4,711,572         3,723,431  

Tekfen Holding A.S.(a)

     773,137         3,315,581  

Tofas Turk Otomobil Fabrikasi A.S.(a)

     2,515,857         18,144,202  

Torunlar Gayrimenkul Yatirim Ortakligi A.S.

     1,740,514         3,607,034  

Trakya Cam Sanayi A.S.*

     606,717         948,886  

Turk Traktor ve Ziraat Makineleri A.S.

     463,853         15,252,420  

Turkiye Sise ve Cam Fabrikalari A.S.(a)

     1,572,290         2,667,549  

Ulker Biskuvi Sanayi A.S.(a)

     2,142,549         16,162,362  
     

 

 

 
Total Turkey               101,975,371  
TOTAL COMMON STOCKS
(Cost: $1,224,766,551)
              1,444,172,574  
EXCHANGE-TRADED FUND & NOTE – 0.8%      
United States – 0.8%      

iPath MSCI India Index ETN*(a)

     199,606         11,409,479  

WisdomTree Emerging Markets Equity Income Fund(b)

     283         15,582  
TOTAL EXCHANGE-TRADED FUND & NOTE (Cost: $10,770,388)               11,425,061  
WARRANTS – 0.0%      
Malaysia – 0.0%      
Mah Sing Group Bhd, expiring 3/18/18* (Cost: $0)      791,687       $ 120,166  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%      
United States – 2.5%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $37,046,255)(d)      37,046,255         37,046,255   
TOTAL INVESTMENTS IN SECURITIES – 101.3%
(Cost: $1,272,583,194)
         1,492,764,056   

Liabilities in Excess of Foreign Currency and Other Assets – (1.3)%

        (18,665,055
     

 

 

 
NET ASSETS – 100.0%             $ 1,474,099,001  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depository 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 $1,789,452, which represents 0.1% of net assets.

 

(a)

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $34,229,135 and the total market value of the collateral held by the Fund was $37,046,255.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      99   


Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.4%      
Egypt – 7.1%      

Commercial International Bank Egypt SAE

     3,715       $ 16,721  

ElSwedy Electric Co.

     2,592         7,247  

Ezz Steel

     40,737         54,970  

Maridive & Oil Services SAE*

     1,297         1,440  

National Societe Generale Bank SAE

     7,367         33,223  

Orascom Construction Industries*

     4,210         149,277  

Sidi Kerir Petrochemcials Co.

     85,723         168,471  

Telecom Egypt Co.

     304,320         592,263  
     

 

 

 
Total Egypt               1,023,612  
Jordan – 1.2%      

Arab Bank PLC

     17,625         180,106  
Kuwait – 17.2%      

Agility Public Warehousing Co. KSC

     98,537         200,285  

Ahli United Bank

     21,565         55,169  

Alimtiaz Investment Co. KSCC

     200         51  

Aviation Lease And Finance Co. KSCC

     525         607  

Burgan Bank SAK*

     1,755         3,321  

Kuwait Finance House*

     44,071         125,101  

Kuwait Projects Co. Holdings KSC

     26,741         40,765  

Mabanee Co. SAKC

     3,141         13,209  

Mobile Telecommunications Co. KSC

     560,677         1,512,954  

National Bank of Kuwait

     139,679         440,551  

National Mobile Telecommunication Co. KSC

     13,214         100,952  
     

 

 

 
Total Kuwait               2,492,965  
Morocco – 8.3%      

Banque Centrale Populaire

     50         1,111  

Maroc Telecom S.A.

     98,137         1,203,372  
     

 

 

 
Total Morocco               1,204,483  
Oman – 3.2%      

Oman Telecommunications Co. SAOG

     120,116         464,241  
Qatar – 28.4%      

Al Khaliji

     15,988         72,235  

Barwa Real Estate Co.*

     3,213         21,956  

Commercial Bank of Qatar QSC (The)

     17,444         315,730  

Doha Bank QSC

     15,052         194,509  

Gulf International Services OSC

     3,667         35,301  

Industries Qatar QSC

     32,940         1,454,772  

Masraf Al Rayan

     10,282         70,289  

Qatar Fuel Co.

     2,020         132,597  

Qatar Gas Transport Co. Nakilat

     41,040         179,785  

Qatar International Islamic Bank

     7,034         100,460  

Qatar Islamic Bank

     13,615         265,124  

Qatar National Bank SAQ

     16,977         624,814  

Qatar Telecom Q-Tel QSC*

     20,447         640,206  

Qatari Investors’ Group

     1,374         8,197  
     

 

 

 
Total Qatar               4,115,974  
United Arab Emirates – 33.0%      

Abu Dhabi Commercial Bank PJSC

     533,904         610,508  

Aldar Properties PJSC

     232,369         86,039  
     

Arabtec Holding Co.

     88,274       $ 50,229  

Aramex PJSC

     251,751         153,532  

DP World Ltd.

     19,345         271,410  

Drake & Scull International

     494,383         100,142  

Dubai Islamic Bank PJSC

     679,310         371,743  

Emaar Properties PJSC

     331,169         469,750  

Emirates NBD PJSC

     521,163         542,021  

First Gulf Bank PJSC

     229,353         864,835  

National Bank of Abu Dhabi PJSC

     220,388         660,024  

Sorouh Real Estate Co.

     552,418         248,159  

Union National Bank PJSC

     339,298         351,030  
     

 

 

 
Total United Arab Emirates               4,779,422  
TOTAL INVESTMENTS IN SECURITIES – 98.4%      
(Cost: $12,590,683)         14,260,803  

Foreign Currency and Other Assets in Excess of Liabilities – 1.6%

        236,698  
     

 

 

 
NET ASSETS – 100.0%             $ 14,497,501  
* 

Non-income producing security.

 

See Notes to Financial Statements.

 

100   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 100.2%      
Austria – 0.7%      

Andritz AG(a)

     12,205       $ 820,295  

Lenzing AG(a)

     4,426         371,128  
     

 

 

 
Total Austria               1,191,423  
Belgium – 8.1%      

Anheuser-Busch InBev N.V.

     86,656         8,595,986  

Delhaize Group S.A.

     26,986         1,474,646  

NV Bekaert S.A.(a)

     14,648         405,909  

Solvay S.A.

     12,338         1,673,836  

UCB S.A.

     18,817         1,203,312  
     

 

 

 
Total Belgium               13,353,689  
Finland – 5.0%      

Amer Sports Oyj(a)

     14,312         236,525  

Cargotec Oyj Class B(a)

     15,644         480,315  

Huhtamaki Oyj

     18,516         364,492  

Kemira Oyj

     42,922         596,356  

Kone Oyj Class B

     33,991         2,677,794  

Konecranes Oyj

     11,750         388,520  

Metso Oyj

     36,041         1,536,041  

Outotec Oyj

     14,559         213,686  

Tieto Oyj(a)

     19,407         411,188  

Wartsila Oyj Abp

     28,515         1,283,394  
     

 

 

 
Total Finland               8,188,311  
France – 24.7%      

Air Liquide S.A.

     21,574         2,625,705  

Alstom S.A.

     21,447         874,398  

Arkema S.A.

     4,092         372,914  

Christian Dior S.A.

     12,228         2,031,834  

Cie Generale des Etablissements Michelin

     21,377         1,791,125  

Cie Generale d’Optique Essilor International S.A.

     7,062         786,676  

Dassault Systemes S.A.

     2,642         305,944  

Eramet

     2,124         230,249  

Hermes International

     2,311         803,762  

Lafarge S.A.

     24,687         1,643,040  

L’Oreal S.A.

     35,628         5,659,261  

LVMH Moet Hennessy Louis Vuitton S.A.

     31,479         5,412,527  

Pernod-Ricard S.A.

     13,704         1,710,633  

Publicis Groupe S.A.

     10,959         736,130  

Remy Cointreau S.A.

     2,316         268,134  

Sanofi

     75,103         7,644,776  

Schneider Electric S.A.

     60,471         4,426,094  

SEB S.A.

     3,243         224,624  

Societe BIC S.A.

     3,828         445,298  

Sodexo

     11,214         1,046,872  

Technip S.A.

     7,254         745,002  

Vallourec S.A.

     16,304         785,098  
     

 

 

 
Total France               40,570,096  
Germany – 26.7%      

Adidas AG

     12,408         1,289,625  

Bayer AG

     83,662         8,644,917  

Bayerische Motoren Werke AG

     72,873         6,298,612  
     

Brenntag AG

     4,623       $ 723,052  

Daimler AG

     142,989         7,793,414  

Fresenius Medical Care AG & Co. KGaA

     13,533         914,937  

Fresenius SE & Co. KGaA

     6,669         824,595  

GEA Group AG

     18,692         617,101  

HeidelbergCement AG

     5,413         389,664  

Henkel AG & Co. KGaA

     15,714         1,242,985  

Infineon Technologies AG

     79,588         629,545  

Lanxess AG

     3,955         280,949  

Linde AG

     12,998         2,420,989  

MAN SE

     12,404         1,335,879  

Merck KGaA

     13,667         2,065,610  

SAP AG

     93,793         7,527,470  

Symrise AG

     9,269         367,901  

Wacker Chemie AG

     7,526         539,548  
     

 

 

 
Total Germany               43,906,793  
Ireland – 0.2%      

Glanbia PLC

     24,025         285,706  
Italy – 3.9%      

Fiat Industrial SpA

     101,700         1,145,300  

Impregilo SpA

     39,798         204,521  

Luxottica Group SpA

     34,915         1,753,470  

Parmalat SpA

     458,933         1,172,738  

Pirelli & C SpA(a)

     67,281         707,147  

Saipem SpA

     39,317         1,211,181  

Salvatore Ferragamo Italia SpA

     10,632         294,622  
     

 

 

 
Total Italy               6,488,979  
Netherlands – 20.1%      

Akzo Nobel N.V.

     33,127         2,106,499  

ASML Holding N.V.

     15,183         1,022,980  

CSM

     13,664         289,508  

European Aeronautic Defence and Space Co. N.V.(a)

     38,693         1,972,520  

Fugro N.V. CVA

     11,686         647,958  

Gemalto N.V.

     2,115         184,815  

Heineken Holding N.V.

     28,501         1,829,540  

Heineken N.V.

     48,661         3,674,151  

Koninklijke Ahold N.V.

     205,989         3,162,221  

Koninklijke DSM N.V.

     28,122         1,639,821  

Koninklijke Philips Electronics N.V.

     206,252         6,114,017  

Koninklijke Vopak N.V.

     8,712         526,128  

Unilever N.V. CVA

     202,235         8,298,388  

Wolters Kluwer N.V.

     73,254         1,602,404  
     

 

 

 
Total Netherlands               33,070,950  
Portugal – 2.8%      

Jeronimo Martins, SGPS, S.A.

     55,327         1,079,534  

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

     722,517         3,584,956  
     

 

 

 
Total Portugal               4,664,490  
Spain – 8.0%      

Abengoa S.A.(a)

     60,710         172,676  

Acerinox S.A.

     44,877         461,012  

Banco Bilbao Vizcaya Argentaria S.A.

     663,731         5,764,081  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      101   


Schedule of Investments (concluded)

WisdomTree Europe Hedged Equity Fund (HEDJ)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Banco Santander S.A.

     932,544       $ 6,277,185  

Tecnicas Reunidas S.A.

     10,035         471,046  
     

 

 

 
Total Spain               13,146,000  
TOTAL COMMON STOCKS
(Cost: $160,708,479)
              164,866,437  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%      
United States – 0.6%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $1,034,570)(c)      1,034,570         1,034,570  
TOTAL INVESTMENTS IN SECURITIES – 100.8%
(Cost: $161,743,049)
        165,901,007  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (0.8)%

        (1,373,573
     

 

 

 
NET ASSETS – 100.0%             $ 164,527,434  
(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $984,471 and the total market value of the collateral held by the Fund was $1,034,570.

 

See Notes to Financial Statements.

 

102   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Commodity Country Equity Fund (CCXE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 13.3%      

AMP Ltd.

     16,473       $ 89,476  

Australia & New Zealand Banking Group Ltd.

     11,418         339,616  

BHP Billiton Ltd.

     9,188         313,806  

Coca-Cola Amatil Ltd.

     3,436         52,229  

Commonwealth Bank of Australia

     6,505         461,229  

National Australia Bank Ltd.

     12,144         390,457  

Origin Energy Ltd.

     3,980         55,103  

QBE Insurance Group Ltd.

     4,425         62,325  

Rio Tinto Ltd.

     1,036         61,781  

Telstra Corp., Ltd.

     80,960         380,666  

Wesfarmers Ltd.

     5,468         229,167  

Westpac Banking Corp.

     15,665         502,358  

Woodside Petroleum Ltd.

     2,318         86,564  

Woolworths Ltd.

     4,971         175,117  
     

 

 

 
Total Australia               3,199,894  
Brazil – 11.1%      

Banco Bradesco S.A.

     7,439         129,865  

Banco do Brasil S.A.

     27,400         373,016  

Banco Santander Brasil S.A.

     19,500         141,292  

BM&F Bovespa S.A.

     11,800         79,824  

BRF-Brasil Foods S.A.

     2,400         53,086  

CCR S.A.

     7,900         80,475  

Centrais Eletricas Brasileiras S.A.

     12,300         42,640  

Cia de Bebidas das Americas

     7,700         315,737  

Cia Energetica de Minas Gerais

     2,925         33,989  

Cia Siderurgica Nacional S.A.

     14,700         66,561  

Cielo S.A.

     3,360         99,199  

CPFL Energia S.A.

     8,800         92,087  

Itau Unibanco Holding S.A.

     5,784         104,128  

Natura Cosmeticos S.A.

     2,500         61,225  

Oi S.A.

     11,900         41,017  

Petroleo Brasileiro S.A.

     43,700         365,187  

Souza Cruz S.A.

     8,100         118,667  

Tractebel Energia S.A.

     4,700         80,977  

Vale S.A.

     22,500         389,441  
     

 

 

 
Total Brazil               2,668,413  
Canada – 11.8%      

Bank of Montreal

     2,800         176,221  

Bank of Nova Scotia

     3,800         221,092  

Barrick Gold Corp.

     1,818         53,397  

BCE, Inc.(a)

     4,400         205,546  

Canadian Imperial Bank of Commerce

     1,792         140,545  

Canadian National Railway Co.

     692         69,544  

Cenovus Energy, Inc.

     2,122         65,710  

Crescent Point Energy Corp.

     2,300         86,820  

Enbridge, Inc.

     2,300         107,082  

Great-West Lifeco, Inc.

     5,400         144,733  

Husky Energy, Inc.(a)

     5,400         154,992  

Manulife Financial Corp.

     8,474         124,781  

Power Financial Corp.

     3,800         111,986  

Rogers Communications, Inc. Class B(a)

     2,600         132,796  
     

Royal Bank of Canada

     5,300       $ 319,268  

Sun Life Financial, Inc.

     3,800         103,682  

Suncor Energy, Inc.

     2,898         86,830  

Thomson Reuters Corp.

     4,900         158,968  

Toronto-Dominion Bank (The)

     2,574         214,291  

TransCanada Corp.

     3,000         143,216  
     

 

 

 
Total Canada               2,821,500  
Chile – 12.2%      

Administradora de Fondos de Pensiones Provida S.A.

     12,340         86,290  

AES Gener S.A.

     183,282         125,572  

Aguas Andinas S.A. Class A

     215,786         173,859  

Antarchile S.A.

     9,063         146,968  

Banco de Chile

     1,612,889         254,096  

Banco de Credito e Inversiones

     1,244         91,308  

Banco Santander Chile

     3,188,109         225,786  

CAP S.A.

     2,105         68,208  

Cencosud S.A.

     17,699         110,028  

Cia Cervecerias Unidas S.A.

     5,786         96,141  

Corpbanca

     10,385,338         142,588  

Empresa Nacional de Electricidad S.A.

     157,442         278,093  

Empresas CMPC S.A.

     26,426         96,243  

Empresas COPEC S.A.

     15,711         228,723  

Enersis S.A.

     615,031         237,682  

ENTEL Chile S.A.

     8,257         174,620  

Inversiones Aguas Metropolitanas S.A.

     31,653         66,645  

Latam Airlines Group S.A.

     3,395         73,441  

SACI Falabella

     21,141         254,024  
     

 

 

 
Total Chile               2,930,315  
New Zealand – 15.3%      

Air New Zealand Ltd.

     131,960         169,744  

Auckland International Airport Ltd.

     124,521         307,307  

Fisher & Paykel Healthcare Corp., Ltd.

     85,064         186,763  

Fletcher Building Ltd.

     87,933         631,505  

Freightways Ltd.

     18,004         68,346  

Infratil Ltd.

     55,682         112,454  

Kathmandu Holdings Ltd.

     33,066         70,105  

Mainfreight Ltd.

     7,588         71,854  

Nuplex Industries Ltd.(a)

     39,717         110,499  

Port of Tauranga Ltd.

     11,218         129,636  

Restaurant Brands New Zealand Ltd.

     20,655         48,292  

Ryman Healthcare Ltd.

     27,792         117,380  

Sky Network Television Ltd.

     47,937         212,907  

SKYCITY Entertainment Group Ltd.

     69,213         255,782  

Telecom Corp. of New Zealand Ltd.

     344,241         675,029  

Vector Ltd.

     142,311         339,881  

Warehouse Group Ltd. (The)

     53,198         155,584  
     

 

 

 
Total New Zealand               3,663,068  
Norway – 13.6%      

Aker ASA Class A

     1,785         67,024  

Aker Solutions ASA

     5,473         101,906  

DNB ASA

     17,710         260,071  

Fred Olsen Energy ASA

     1,650         70,724  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      103   


Schedule of Investments (concluded)

WisdomTree Commodity Country Equity Fund (CCXE)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Gjensidige Forsikring ASA

     11,482       $ 189,677  

Norsk Hydro ASA(a)

     24,154         104,526  

Orkla ASA

     25,662         205,472  

SpareBank 1 SR Bank ASA

     5,098         43,703  

Statoil ASA

     53,724         1,300,614  

Telenor ASA

     31,689         693,817  

TGS Nopec Geophysical Co. ASA

     1,889         71,252  

Yara International ASA

     3,371         152,930  
     

 

 

 
Total Norway               3,261,716  
Russia – 11.9%      

Gazprom Neft JSC ADR

     8,105         171,016  

Gazprom OAO ADR

     106,353         909,318  

LSR Group OJSC GDR

     2,400         10,392  

Lukoil OAO ADR

     5,795         373,198  

MMC Norilsk Nickel OJSC ADR

     11,639         196,583  

Mobile Telesystems OJSC ADR

     10,200         211,548  

NovaTek OAO Reg S GDR

     879         94,756  

Novolipetsk Steel OJSC Reg S GDR

     4,169         65,745  

Phosagro OAO Reg S GDR GDR

     3,891         54,863  

Rosneft Oil Co. Reg S GDR*

     29,287         223,460  

Sberbank of Russia ADR

     19,430         249,093  

Surgutneftegas OJSC ADR

     13,778         123,175  

Tatneft ADR

     2,192         86,759  

Uralkali OJSC Reg S GDR(a)

     2,059         75,936  
     

 

 

 
Total Russia               2,845,842  
South Africa – 10.2%      

ABSA Group Ltd.(a)

     6,518         110,120  

African Bank Investments Ltd.(a)

     11,473         37,879  

AngloGold Ashanti Ltd.

     1,531         35,893  

Bidvest Group Ltd.

     3,209         84,772  

Exxaro Resources Ltd.(a)

     3,657         65,093  

FirstRand Ltd.

     42,085         147,708  

Gold Fields Ltd.

     5,290         40,535  

Impala Platinum Holdings Ltd.

     6,476         95,716  

Kumba Iron Ore Ltd.(a)

     6,491         348,073  

MTN Group Ltd.(a)

     27,252         479,664  

Nedbank Group Ltd.

     3,746         77,795  

RMB Holdings Ltd.

     12,369         56,085  

Sanlam Ltd.

     18,354         94,386  

Sasol Ltd.

     7,004         310,973  

Standard Bank Group Ltd.

     11,730         151,368  

Tiger Brands Ltd.

     1,874         60,053  

Vodacom Group Ltd.(a)

     21,292         255,055  
     

 

 

 
Total South Africa               2,451,168  
TOTAL COMMON STOCKS
(Cost: $23,256,868)
              23,841,916  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree Global Natural Resources Fund(b)

     
(Cost: $3,759)      163         3,702  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.8%      
United States – 8.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $2,110,755)(d)      2,110,755       $ 2,110,755  
TOTAL INVESTMENTS IN SECURITIES – 108.2% (Cost: $25,371,382)         25,956,373  

Liabilities in Excess of Foreign Currency and Other Assets – (8.2)%

        (1,957,398
     

 

 

 
NET ASSETS – 100.0%             $ 23,998,975  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $2,011,298 and the total market value of the collateral held by the Fund was $2,110,755.

 

See Notes to Financial Statements.

 

104   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Global Natural Resources Fund (GNAT)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.1%      
Australia – 8.8%      

BHP Billiton Ltd.

     11,820       $ 403,699  

Iluka Resources Ltd.(a)

     47,841         466,346  

Rio Tinto Ltd.

     4,826         287,793  

Santos Ltd.

     22,710         294,297  

Woodside Petroleum Ltd.

     11,455         427,777  

WorleyParsons Ltd.

     12,730         327,677  
     

 

 

 
Total Australia               2,207,589  
Belgium – 0.8%      

Umicore S.A.

     4,356         204,975  
Brazil – 3.3%      

Cosan S.A. Industria e Comercio

     8,400         188,884  

Petroleo Brasileiro S.A.

     32,900         274,935  

Vale S.A.

     20,000         346,170  
     

 

 

 
Total Brazil               809,989  
Canada – 6.9%      

Cameco Corp.(a)

     8,120         168,482  

Canadian Natural Resources Ltd.

     3,900         125,029  

Crescent Point Energy Corp.(a)

     12,596         475,473  

Encana Corp.(a)

     15,226         296,142  

First Quantum Minerals Ltd.

     4,446         84,548  

Imperial Oil Ltd.

     2,186         89,338  

Potash Corp. of Saskatchewan, Inc.

     1,923         75,523  

Silver Wheaton Corp.

     3,392         106,172  

Suncor Energy, Inc.

     4,553         136,418  

Teck Resources Ltd. Class B

     5,643         158,856  
     

 

 

 
Total Canada               1,715,981  
China – 2.6%      

China Shenhua Energy Co., Ltd. Class H

     92,000         334,216  

PetroChina Co., Ltd. Class H

     236,000         309,492  
     

 

 

 
Total China               643,708  
France – 2.9%      

Technip S.A.

     1,750         179,729  

Total S.A.

     11,541         553,593  
     

 

 

 
Total France               733,322  
Germany – 1.5%      

K+S AG

     7,977         371,677  
Hong Kong – 1.2%      

CNOOC Ltd.

     151,618         291,413  
Indonesia – 1.0%      

Adaro Energy Tbk PT

     1,828,500         246,497  
Israel – 2.9%      

Israel Chemicals Ltd.

     56,684         733,067  
Italy – 2.9%      

ENI SpA

     25,790         580,540  

Saipem SpA

     4,267         131,447  
     

 

 

 
Total Italy               711,987  
Japan – 1.1%      

Sumitomo Metal Mining Co., Ltd.

     20,000         282,493  
     
Malaysia – 2.0%      

IOI Corp. Bhd

     149,500       $ 224,986  

Kuala Lumpur Kepong Bhd

     40,400         270,595  
     

 

 

 
Total Malaysia               495,581  
Mexico – 2.9%      

Grupo Mexico S.A.B. de C.V. Series B

     142,807         577,401  

Industrias Penoles S.A.B de C.V.

     3,165         150,417  
     

 

 

 
Total Mexico               727,818  
Norway – 2.6%      

Statoil ASA

     15,643         378,704  

Yara International ASA

     6,095         276,509  
     

 

 

 
Total Norway               655,213  
Poland – 4.2%      

KGHM Polska Miedz S.A.

     21,661         1,050,933  
Russia – 10.2%      

Gazprom OAO ADR

     50,887         435,084  

Lukoil OAO ADR

     6,365         409,906  

MMC Norilsk Nickel OJSC ADR

     19,880         335,773  

NovaTek OAO Reg S GDR

     1,536         165,581  

Novolipetsk Steel OJSC Reg S GDR

     19,183         302,516  

Rosneft Oil Co. Reg S GDR

     21,337         162,801  

Surgutneftegas OJSC ADR

     22,848         204,261  

Tatneft ADR

     9,647         381,828  

Uralkali OJSC Reg S GDR

     4,128         152,241  
     

 

 

 
Total Russia               2,549,991  
Singapore – 0.5%      

Wilmar International Ltd.

     48,000         133,484  
South Africa – 5.5%      

Exxaro Resources Ltd.(a)

     13,197         234,899  

Impala Platinum Holdings Ltd.

     18,964         280,291  

Kumba Iron Ore Ltd.(a)

     9,608         515,219  

Sasol Ltd.

     7,707         342,186  
     

 

 

 
Total South Africa               1,372,595  
South Korea – 0.4%      

Korea Zinc Co., Ltd.

     336         107,057  
Switzerland – 1.0%      

Syngenta AG

     611         255,511  
Thailand – 2.4%      

PTT Exploration & Production PCL

     49,541         251,215  

PTT PCL NVDR

     31,100         344,081  
     

 

 

 
Total Thailand               595,296  
United Kingdom – 12.6%      

Anglo American PLC

     6,299         161,835  

Antofagasta PLC

     13,498         201,681  

BG Group PLC

     5,169         88,614  

BHP Billiton PLC

     12,938         376,216  

BP PLC

     64,401         449,735  

Fresnillo PLC

     18,500         380,919  

Rio Tinto PLC

     6,583         308,375  

Royal Dutch Shell PLC Class A(a)

     13,044         421,684  

Royal Dutch Shell PLC Class B

     12,517         415,291  

Tullow Oil PLC

     3,033         56,693  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      105   


Schedule of Investments (concluded)

WisdomTree Global Natural Resources Fund (GNAT)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Xstrata PLC

     16,716       $ 271,084  
     

 

 

 
Total United Kingdom               3,132,127  
United States – 18.9%      

Apache Corp.

     882         68,055  

Archer-Daniels-Midland Co.

     5,795         195,465  

Baker Hughes, Inc.

     3,173         147,259  

CF Industries Holdings, Inc.

     520         98,992  

Chesapeake Energy Corp.(a)

     9,806         200,141  

Chevron Corp.

     2,731         324,497  

Cliffs Natural Resources, Inc.(a)

     5,533         105,182  

ConocoPhillips

     7,946         477,555  

Consol Energy, Inc.

     5,345         179,859  

Devon Energy Corp.

     1,969         111,091  

Diamond Offshore Drilling, Inc.(a)

     8,298         577,209  

Exxon Mobil Corp.

     2,612         235,367  

Freeport-McMoRan Copper & Gold, Inc.

     8,229         272,380  

Halliburton Co.

     3,439         138,970  

Marathon Oil Corp.

     8,564         288,778  

Monsanto Co.

     1,644         173,656  

Noble Energy, Inc.

     1,039         120,171  

Occidental Petroleum Corp.

     2,428         190,282  

Peabody Energy Corp.

     5,259         111,228  

Southern Copper Corp.

     18,612         699,253  
     

 

 

 
Total United States               4,715,390  
TOTAL COMMON STOCKS
(Cost: $27,684,181)
              24,743,694  
EXCHANGE-TRADED FUND & NOTE – 0.6%      
United States – 0.6%      

iPath MSCI India Index ETN*(a)

     2,233         127,639  

WisdomTree Global Equity Income Fund(b)

     606         26,991  
     

 

 

 
TOTAL EXCHANGE-TRADED FUND & NOTE
(Cost: $143,139)
              154,630  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 13.4%      
United States – 13.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(c)

     
(Cost: $3,346,854)(d)      3,346,854         3,346,854  
TOTAL INVESTMENTS IN SECURITIES – 113.1% (Cost: $31,174,174)         28,245,178  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (13.1)%

        (3,281,376
     

 

 

 
NET ASSETS – 100.0%             $ 24,963,802  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

GDR – Global Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $3,209,731 and the total market value of the collateral held by the Fund was $3,346,854.

 

See Notes to Financial Statements.

 

106   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.9%      
Australia – 3.0%      

AGL Energy Ltd.

     23,313       $ 385,477  

Envestra Ltd.

     677,847         745,557  
     

 

 

 
Total Australia               1,131,034  
Austria – 1.6%      

EVN AG(a)

     26,385         382,855  

Verbund AG

     9,820         213,232  
     

 

 

 
Total Austria               596,087  
Belgium – 1.1%      

Elia System Operator S.A./N.V.(a)

     9,849         422,413  
Brazil – 9.7%      

AES Tiete S.A.

     62,800         545,044  

Centrais Eletricas Brasileiras S.A.

     87,400         302,986  

Cia de Saneamento Basico do Estado de Sao Paulo

     6,200         296,417  

Cia de Saneamento de Minas Gerais-COPASA

     9,600         234,959  

Cia Energetica de Minas Gerais

     41,850         486,297  

CPFL Energia S.A.

     39,800         416,485  

EDP-Energias do Brasil S.A.

     70,600         441,874  

Light S.A.

     50,300         498,921  

Tractebel Energia S.A.

     22,900         394,548  
     

 

 

 
Total Brazil               3,617,531  
Canada – 7.8%      

Atco Ltd. Class I

     1,802         163,039  

Atlantic Power Corp.

     38,149         187,750  

Canadian Utilities Ltd. Class A

     2,912         230,764  

Capital Power Corp.

     13,553         282,813  

Emera, Inc.

     9,633         332,810  

Fortis, Inc.(a)

     8,247         277,214  

Just Energy Group, Inc.(a)

     78,169         513,202  

Northland Power, Inc.

     26,065         474,632  

TransAlta Corp.(a)

     30,796         450,141  
     

 

 

 
Total Canada               2,912,365  
Chile – 6.5%      

AES Gener S.A.

     518,518         355,252  

Aguas Andinas S.A. Class A

     767,451         618,337  

E.CL S.A.

     117,459         250,330  

Empresa Nacional de Electricidad S.A.

     162,229         286,548  

Enersis S.A.

     715,509         276,512  

Inversiones Aguas Metropolitanas S.A.

     315,731         664,772  
     

 

 

 
Total Chile               2,451,751  
China – 0.8%      

China Longyuan Power Group Corp. Class H

     200,100         181,472  

Huaneng Power International, Inc. Class H

     122,975         131,171  
     

 

 

 
Total China               312,643  
Czech Republic – 1.1%      

CEZ AS

     14,477         424,663  
Finland – 1.6%      

Fortum Oyj

     29,481         595,105  
     
France – 7.5%      

EDF S.A.

     28,442       $ 546,374  

GDF Suez

     34,771         670,634  

Rubis

     5,921         361,302  

Suez Environnement Co.

     48,363         617,862  

Veolia Environnement S.A.

     49,141         620,797  
     

 

 

 
Total France               2,816,969  
Germany – 2.7%      

E.ON SE

     27,905         488,043  

RWE AG

     14,340         535,386  
     

 

 

 
Total Germany               1,023,429  
Hong Kong – 4.2%      

China Resources Power Holdings Co., Ltd.

     98,100         293,820  

CLP Holdings Ltd.

     37,822         331,317  

Guangdong Investment Ltd.

     364,600         320,325  

Hong Kong & China Gas Co., Ltd.

     67,164         195,972  

Power Assets Holdings Ltd.

     45,886         432,990  
     

 

 

 
Total Hong Kong               1,574,424  
Indonesia – 1.4%      

Perusahaan Gas Negara Persero Tbk PT

     867,000         530,862  
Italy – 9.6%      

A2A SpA(a)

     360,236         214,313  

Enel Green Power SpA

     123,379         231,784  

Enel SpA

     294,383         962,431  

Hera SpA

     477,932         842,627  

Snam SpA

     138,435         632,130  

Terna Rete Elettrica Nazionale SpA

     174,939         725,584  
     

 

 

 
Total Italy               3,608,869  
Japan – 7.7%      

Chubu Electric Power Co., Inc.

     25,400         309,058  

Chugoku Electric Power Co., Inc. (The)

     20,400         266,228  

Electric Power Development Co., Ltd.

     10,642         270,860  

Hokkaido Electric Power Co., Inc.

     33,200         338,992  

Hokuriku Electric Power Co.

     22,300         274,896  

Kansai Electric Power Co., Inc. (The)*

     31,100         294,725  

Kyushu Electric Power Co., Inc.*

     34,500         351,532  

Osaka Gas Co., Ltd.

     53,000         231,685  

Shikoku Electric Power Co., Inc.

     11,661         165,948  

Toho Gas Co., Ltd.(a)

     24,000         152,648  

Tokyo Gas Co., Ltd.

     39,000         210,721  
     

 

 

 
Total Japan               2,867,293  
Malaysia – 1.6%      

Petronas Gas Bhd

     36,700         225,190  

YTL Corp. Bhd

     123,660         65,494  

YTL Power International Bhd

     642,900         303,127  
     

 

 

 
Total Malaysia               593,811  
New Zealand – 2.2%      

Vector Ltd.

     339,020         809,682  
Philippines – 2.5%      

Aboitiz Power Corp.

     359,700         326,119  

Energy Development Corp.

     946,200         149,778  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      107   


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Utilities Fund (DBU)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Manila Electric Co.

     55,940       $ 447,684  
     

 

 

 
Total Philippines               923,581  
Poland – 3.3%      

Enea S.A.

     45,520         207,835  

PGE S.A.

     47,977         246,932  

Tauron Polska Energia S.A.

     583,320         767,609  
     

 

 

 
Total Poland               1,222,376  
Portugal – 3.3%      

EDP-Energias de Portugal S.A.

     396,187         1,222,002  
Russia – 0.2%      

Federal Hydrogenerating Co. JSC ADR

     33,403         64,969  
South Korea – 0.7%      

Korea Gas Corp.

     4,260         267,255  
Spain – 6.8%      

Acciona S.A.(a)

     11,325         618,489  

Enagas S.A.

     33,995         792,956  

Gas Natural SDG S.A.

     27,375         485,452  

Red Electrica Corp. S.A.

     12,735         641,856  
     

 

 

 
Total Spain               2,538,753  
Thailand – 4.1%      

Electricity Generating PCL

     113,252         601,355  

Glow Energy PCL

     118,800         301,209  

Ratchaburi Electricity Generating Holding PCL

     305,272         622,844  
     

 

 

 
Total Thailand               1,525,408  
United Kingdom – 7.9%      

Centrica PLC

     83,226         464,679  

Drax Group PLC

     51,693         479,987  

National Grid PLC

     47,657         553,591  

Pennon Group PLC

     24,824         234,834  

Severn Trent PLC

     11,355         295,183  

SSE PLC

     23,072         519,900  

United Utilities Group PLC

     38,129         410,200  
     

 

 

 
Total United Kingdom               2,958,374  
TOTAL COMMON STOCKS
(Cost: $40,971,800)
              37,011,649  
EXCHANGE-TRADED FUNDS & NOTES – 0.5%      

United States – 0.5%

     

iPath MSCI India Index ETN*(a)

     3,197         182,740  

Wisdomtree Global ex-U.S. Real Estate Fund(b)

     46         1,383  
     

 

 

 
TOTAL EXCHANGE-TRADED FUNDS & NOTES
(Cost: $168,920)
              184,123   
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.6%      
United States – 5.6%      

Dreyfus Institutional Preferred Money
Market Fund, 0.09%(c)

     
(Cost: $2,114,993)(d)      2,114,993       $ 2,114,993  
TOTAL INVESTMENTS IN SECURITIES – 105.0%
(Cost: $43,255,713)
        39,310,765  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (5.0)%

        (1,876,408
     

 

 

 
NET ASSETS – 100.0%             $ 37,434,357  

ADR – American Depositary Receipt

ETN – Exchange Traded Note

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(d) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $2,015,033 and the total market value of the collateral held by the Fund was $2,114,993.

 

See Notes to Financial Statements.

 

108   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
Australia – 16.2%      

Australand Property Group

     191,391       $ 688,395  

CFS Retail Property Trust

     747,517         1,566,440  

Commonwealth Property Office Fund

     558,247         646,020  

Dexus Property Group

     1,069,845         1,159,981  

GPT Group

     405,715         1,569,248  

Investa Office Fund

     98,003         312,649  

Lend Lease Group

     94,073         1,000,373  

Mirvac Group

     879,461         1,485,348  

Stockland

     683,367         2,600,421  

Westfield Group

     460,592         5,210,062  

Westfield Retail Trust

     705,231         2,220,420  
     

 

 

 
Total Australia               18,459,357  
Belgium – 0.9%      

Befimmo SCA Sicafi

     7,678         488,874  

Cofinimmo

     4,874         559,215  
     

 

 

 
Total Belgium               1,048,089  
Brazil – 0.9%      

BR Malls Participacoes S.A.

     16,600         207,135  

BR Properties S.A.

     7,907         87,840  

JHSF Participacoes S.A.*

     72,000         274,952  

LPS Brasil Consultoria de Imoveis S.A.

     2,200         39,159  

Multiplan Empreendimentos Imobiliarios S.A.

     13,300         382,573  
     

 

 

 
Total Brazil               991,659  
Canada – 8.9%      

Allied Properties Real Estate Investment Trust

     8,478         275,632  

Artis Real Estate Investment Trust

     24,234         384,042  

Boardwalk Real Estate Investment Trust

     5,505         338,607  

Brookfield Asset Management, Inc. Class A(a)

     40,707         1,486,520  

Brookfield Office Properties, Inc.

     67,108         1,151,989  

Calloway Real Estate Investment Trust(a)

     23,168         667,709  

Canadian Apartment Properties REIT(a)

     15,864         393,809  

Canadian Real Estate Investment Trust(a)

     10,383         459,491  

Chartwell Seniors Housing Real Estate Investment Trust(a)

     37,473         408,682  

Cominar Real Estate Investment Trust

     17,779         403,897  

Dundee Real Estate Investment Trust

     15,163         546,999  

First Capital Realty, Inc.(a)

     32,238         601,319  

Granite Real Estate, Inc.*

     8,203         313,764  

H&R Real Estate Investment Trust(a)

     28,900         665,359  

Primaris Retail Real Estate Investment Trust(a)

     16,540         443,313  

RioCan Real Estate Investment Trust(a)

     55,809         1,527,133  
     

 

 

 
Total Canada               10,068,265  
Chile – 0.2%      

Parque Arauco S.A.

     73,243         189,135  
China – 1.3%      

Guangzhou R&F Properties Co., Ltd. Class H

     853,600         1,431,711  
Finland – 0.3%      

Sponda Oyj

     67,633         319,599  
     
France – 10.4%      

Fonciere des Regions

     17,814       $ 1,397,202  

Gecina S.A.

     15,912         1,849,558  

ICADE

     11,166         978,155  

Klepierre

     42,989         1,691,670  

Mercialys S.A.

     29,109         597,127  

Societe Immobiliere de Location pour l’Industrie et le Commerce

     4,125         440,703  

Unibail-Rodamco SE

     20,989         4,897,171  
     

 

 

 
Total France               11,851,586  
Germany – 0.3%      

Deutsche Euroshop AG

     8,501         344,458  
Hong Kong – 25.3%      

Champion Real Estate Investment Trust(a)

     1,373,000         712,796  

Cheung Kong Holdings Ltd.

     300,238         4,432,413  

China Overseas Grand Oceans Group Ltd.(a)

     41,300         54,480  

China Overseas Land & Investment Ltd.

     525,800         1,449,520  

Franshion Properties China Ltd.

     442,000         144,626  

Hang Lung Group Ltd.

     108,649         610,242  

Hang Lung Properties Ltd.

     594,283         2,220,145  

Henderson Land Development Co., Ltd.

     216,320         1,479,726  

Hui Xian Real Estate Investment Trust

     505,254         332,088  

Hysan Development Co., Ltd.

     107,115         540,912  

Kowloon Development Co., Ltd.

     316,398         425,524  

Link REIT (The)

     322,946         1,759,788  

New World Development Co., Ltd.

     936,682         1,585,541  

Sino Land Co., Ltd.

     833,735         1,413,429  

Sino-Ocean Land Holdings Ltd.(a)

     838,200         505,340  

Sun Hung Kai Properties Ltd.

     357,871         4,822,233  

Swire Pacific Ltd. Class A

     127,459         1,624,712  

Swire Pacific Ltd. Class B

     518,298         1,261,919  

Wharf Holdings Ltd.

     283,872         2,530,572  

Wheelock & Co., Ltd.

     71,231         379,432  

Yuexiu Property Co., Ltd.

     1,530,000         441,499  
     

 

 

 
Total Hong Kong               28,726,937  
Indonesia – 0.1%      

Bumi Serpong Damai PT

     285,153         51,352  

Ciputra Development Tbk PT

     532,769         59,212  

Lippo Karawaci Tbk PT

     435,500         61,398  
     

 

 

 
Total Indonesia               171,962  
Israel – 0.6%      

Azrieli Group

     11,839         329,997  

Gazit-Globe Ltd.

     28,538         389,327  
     

 

 

 
Total Israel               719,324  
Japan – 6.7%      

Aeon Mall Co., Ltd.

     5,700         173,631  

Daito Trust Construction Co., Ltd.

     14,100         1,208,743  

Daiwa House Industry Co., Ltd.

     62,000         1,210,062  

Mitsubishi Estate Co., Ltd.

     54,589         1,539,198  

Mitsui Fudosan Co., Ltd.

     59,308         1,685,503  

Nomura Real Estate Holdings, Inc.

     16,765         374,457  

Sumitomo Real Estate Sales Co., Ltd.

     1,010         60,480  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      109   


Schedule of Investments (concluded)

WisdomTree Global ex-U.S. Real Estate Fund (DRW)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
     

Sumitomo Realty & Development Co., Ltd.

     22,279       $ 863,720  

Tokyo Tatemono Co., Ltd.

     9,000         63,944  

Tokyu Land Corp.

     45,168         423,720  
     

 

 

 
Total Japan               7,603,458  
Malaysia – 0.8%      

IGB Corp. Bhd

     194,900         142,878  

KLCC Property Holdings Bhd

     202,000         434,465  

SP Setia Bhd

     344,800         367,460  
     

 

 

 
Total Malaysia               944,803  
Netherlands – 2.1%      

Corio N.V.

     31,172         1,456,817  

Eurocommercial Properties N.V.

     11,222         411,482  

Wereldhave N.V.

     7,945         550,203  
     

 

 

 
Total Netherlands               2,418,502  
Philippines – 1.1%      

Ayala Land, Inc.

     531,000         425,477  

Robinsons Land Corp.

     283,900         177,394  

SM Prime Holdings, Inc.

     1,432,275         670,337  
     

 

 

 
Total Philippines               1,273,208  
Russia – 0.2%      

LSR Group OJSC GDR

     56,194         243,320  
Singapore – 10.8%      

Ascendas Real Estate Investment Trust

     544,901         1,141,982  

CapitaCommercial Trust(a)

     730,635         933,465  

CapitaLand Ltd.

     504,589         1,435,756  

CapitaMall Trust

     700,786         1,180,592  

CapitaMalls Asia Ltd.

     327,000         540,343  

CDL Hospitality Trusts

     252,432         417,125  

City Developments Ltd.

     32,103         293,186  

Fragrance Group Ltd.

     330,136         67,858  

Frasers Centrepoint Trust

     208,000         358,794  

GuocoLand Ltd.(a)

     159,000         297,340  

Keppel Land Ltd.

     410,168         1,302,646  

K-REIT Asia(a)

     515,000         564,566  

Mapletree Commercial Trust

     463,508         502,514  

Mapletree Industrial Trust

     430,569         487,627  

Mapletree Logistics Trust

     732,187         717,078  

Singapore Land Ltd.

     22,000         164,920  

Suntec Real Estate Investment Trust

     720,828         1,045,857  

UOL Group Ltd.

     105,000         590,763  

Wheelock Properties Singapore Ltd.

     180,000         279,300  
     

 

 

 
Total Singapore               12,321,712  
South Africa – 3.1%      

Capital Property Fund

     343,493         417,458  

Growthpoint Properties Ltd.

     416,274         1,222,807  

Hyprop Investments Ltd.

     45,922         366,147  

Redefine Properties Ltd.(a)

     939,036         1,013,298  

Resilient Property Income Fund Ltd.

     76,496         454,418  
     

 

 

 
Total South Africa               3,474,128  
Sweden – 1.0%      

Castellum AB(a)

     34,873         497,726  
     

Fabege AB(a)

     40,993       $ 419,891  

Hufvudstaden AB Class A

     22,199         279,280  
     

 

 

 
Total Sweden               1,196,897  
Switzerland – 0.7%      

Swiss Prime Site AG

     9,241         749,956  
Taiwan – 1.3%      

Farglory Land Development Co., Ltd.

     402,000         736,714  

Highwealth Construction Corp.

     314,800         655,866  

Ruentex Development Co., Ltd.

     38,000         77,392  
     

 

 

 
Total Taiwan               1,469,972  
Thailand – 1.0%      

Land and Houses PCL NVDR

     2,502,086         1,093,621  
Turkey – 0.3%      

Emlak Konut Gayrimenkul Yatirim Ortakligi AS

     213,265         340,611  
United Kingdom – 5.1%      

British Land Co. PLC

     172,806         1,426,130  

Capital Shopping Centres Group PLC

     179,549         911,423  

Derwent London PLC

     8,531         278,768  

Great Portland Estates PLC

     6,372         47,981  

Hammerson PLC

     113,796         849,972  

Land Securities Group PLC

     112,668         1,418,260  

Segro PLC

     213,080         822,791  
     

 

 

 
Total United Kingdom               5,755,325  
TOTAL COMMON STOCKS
(Cost: $95,544,728)
              113,207,595  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.6%      
United States – 8.6%      

Dreyfus Institutional Preferred Money Market Fund, 0.09%(b)

     
(Cost: $9,768,233)(c)      9,768,233         9,768,233  
TOTAL INVESTMENTS IN SECURITIES – 108.2% (Cost: $105,312,961)         122,975,828  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (8.2)%

        (9,345,006
     

 

 

 
NET ASSETS – 100.0%             $ 113,630,822  

GDR – Global Depositary Receipt

NVDR – Non-Voting Depository Receipt

REIT – Real Estate Investment Trust

 

(a) 

Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) 

At March 28, 2013, the total market value of the Fund’s securities on loan was $9,235,591 and the total market value of the collateral held by the Fund was $9,768,233.

 

See Notes to Financial Statements.

 

110   WisdomTree International Dividend and Sector Funds


Schedule of Investments

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
COMMON STOCKS – 99.8%      
China – 99.8%      
Automobiles – 3.3%      

Dongfeng Motor Group Co., Ltd. Class H

     420,000       $ 589,747   

Geely Automobile Holdings Ltd.

     305,000         148,126   

Guangzhou Automobile Group Co., Ltd. Class H

     560,000         473,962   
     

 

 

 
Total Automobiles               1,211,835   
Beverages – 0.5%      

Tsingtao Brewery Co., Ltd. Class H

     28,000         178,547   
Chemicals – 1.7%      

China Bluechemical Ltd. Class H

     504,000         312,295   

Yingde Gases

     259,000         288,606   
     

 

 

 
Total Chemicals               600,901   
Communications Equipment – 1.7%      

AAC Technologies Holdings, Inc.

     91,000         437,260   

ZTE Corp. Class H(a)

     106,400         183,669   
     

 

 

 
Total Communications Equipment               620,929   
Computers & Peripherals – 2.2%      

Lenovo Group Ltd.

     812,000         806,493   
Construction & Engineering – 5.2%      

China Communications Construction Co., Ltd. Class H

     1,041,000         968,229   

China Railway Construction Corp., Ltd. Class H

     304,500         288,706   

China Railway Group Ltd. Class H

     642,000         326,680   

China State Construction International Holdings Ltd.

     224,000         306,452   
     

 

 

 
Total Construction & Engineering               1,890,067   
Construction Materials – 6.1%      

Anhui Conch Cement Co., Ltd. Class H

     196,000         650,165   

China National Building Material Co., Ltd. Class H

     672,000         845,773   

China Resources Cement Holdings Ltd.(a)

     420,000         237,522   

China Shanshui Cement Group Ltd.

     850,000         488,364   
     

 

 

 
Total Construction Materials               2,221,824   
Diversified Telecommunication Services – 5.1%      

China Communications Services Corp., Ltd. Class H

     420,000         271,067   

China Telecom Corp., Ltd. Class H

     2,180,000         1,098,053   

China Unicom Hong Kong Ltd.(a)

     364,000         487,669   
     

 

 

 
Total Diversified Telecommunication Services         1,856,789   
Electronic Equipment, Instruments & Components – 1.5%   

Digital China Holdings Ltd.

     154,000         208,305   

Kingboard Chemical Holdings Ltd.

     119,000         338,789   
     

 

 

 
Total Electronic Equipment, Instruments & Components               547,094   
Energy Equipment & Services – 0.6%      

China Oilfield Services Ltd. Class H

     112,000         234,600   
Food & Staples Retailing – 2.0%      

China Resources Enterprise Ltd.

     196,000         580,730   

Wumart Stores, Inc. Class H

     84,000         151,928   
     

 

 

 
Total Food & Staples Retailing               732,658   
Investments    Shares      Value  
Food Products – 7.2%      

China Agri-Industries Holdings Ltd.

     490,000       $ 253,122   

China Mengniu Dairy Co., Ltd.

     132,000         379,200   

Tingyi Cayman Islands Holding Corp.

     224,000         584,337   

Want Want China Holdings Ltd.

     922,000         1,413,409   
     

 

 

 
Total Food Products               2,630,068   
Gas Utilities – 1.2%      

China Resources Gas Group Ltd.

     52,000         144,358   

Enn Energy Holdings Ltd.

     56,000         310,203   
     

 

 

 
Total Gas Utilities               454,561   
Health Care Equipment & Supplies – 0.3%      

Shandong Weigao Group Medical Polymer Co., Ltd. Class H

     112,000         101,429   
Health Care Providers & Services – 0.5%      

Sinopharm Group Co., Ltd. Class H

     61,600         198,783   
Independent Power Producers & Energy Traders – 5.2%   

China Longyuan Power Group Corp. Class H

     336,000         304,721   

China Resources Power Holdings Co., Ltd.

     252,000         754,768   

Datang International Power Generation Co., Ltd. Class H

     1,176,000         519,627   

Huaneng Power International, Inc. Class H

     308,000         328,527   
     

 

 

 
Total Independent Power Producers & Energy Traders               1,907,643   
Industrial Conglomerates – 3.9%      

Beijing Enterprises Holdings Ltd.

     56,000         431,399   

Citic Pacific Ltd.(a)

     443,000         575,247   

Shanghai Industrial Holdings Ltd.

     126,000         396,050   
     

 

 

 
Total Industrial Conglomerates               1,402,696   
Internet Software & Services – 2.2%      

Tencent Holdings Ltd.

     25,200         801,190   
Metals & Mining – 5.4%      

Jiangxi Copper Co., Ltd. Class H

     462,000         1,020,100   

Zhaojin Mining Industry Co., Ltd. Class H

     175,000         234,907   

Zijin Mining Group Co., Ltd. Class H(a)

     2,096,000         691,228   
     

 

 

 
Total Metals & Mining               1,946,235   
Multiline Retail – 1.6%      

Golden Eagle Retail Group Ltd.

     70,000         126,246   

Intime Department Store Group Co., Ltd.

     231,000         262,464   

Parkson Retail Group Ltd.

     295,000         175,571   
     

 

 

 
Total Multiline Retail               564,281   
Oil, Gas & Consumable Fuels – 23.4%      

China Coal Energy Co., Ltd. Class H

     612,000         545,566   

China Petroleum & Chemical Corp. Class H

     1,680,000         1,978,087   

China Shenhua Energy Co., Ltd. Class H

     420,000         1,525,768   

CNOOC Ltd.

     812,000         1,560,684   

Kunlun Energy Co., Ltd.

     280,000         595,158   

PetroChina Co., Ltd. Class H

     1,288,000         1,689,093   

Yanzhou Coal Mining Co., Ltd. Class H

     448,000         603,670   
     

 

 

 
Total Oil, Gas & Consumable Fuels               8,498,026   
Paper & Forest Products – 1.1%      

Nine Dragons Paper Holdings Ltd.(a)

     420,000         394,427   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      111   


Schedule of Investments (concluded)

WisdomTree China Dividend ex-Financials Fund (CHXF)

March 28, 2013

 

  

 

 

Investments    Shares      Value  
Personal Products – 3.2%      

Hengan International Group Co., Ltd.

     119,000       $ 1,164,300   
Specialty Retail – 0.3%      

Zhongsheng Group Holdings Ltd.

     77,000         93,241   
Textiles, Apparel & Luxury Goods – 0.5%      

Daphne International Holdings Ltd.

     140,000         175,842   
Transportation Infrastructure – 4.7%      

China Merchants Holdings International Co., Ltd.

     280,000         917,985   

Cosco Pacific Ltd.

     560,000         807,971   
     

 

 

 
Total Transportation Infrastructure               1,725,956   
Water Utilities – 1.4%      

Guangdong Investment Ltd.

     560,000         491,997   
Wireless Telecommunication Services – 7.8%   

China Mobile Ltd.

     266,000         2,816,719   
TOTAL COMMON STOCKS
(Cost: $36,700,802)
              36,269,131   
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.5%      
United States – 6.5%      

Dreyfus Institutional Preferred Money Market Fund 0.09%(b)

     
(Cost: $2,342,915)(c)      2,342,915         2,342,915   
TOTAL INVESTMENTS IN SECURITIES – 106.3%
(Cost: $39,043,717)
         38,612,046   

Liabilities in Excess of Other Assets – (6.3)%

        (2,280,664
     

 

 

 
NET ASSETS – 100.0%             $ 36,331,382   

 

(a) Security, or portion thereof, was on loan at March 28, 2013 (See Note 2).

 

(b) Rate shown represents annualized 7-day yield as of March 28, 2013.

 

(c) At March 28, 2013, the total market value of the Fund’s securities on loan was $2,190,927 and the total market value of the collateral held by the Fund was $2,342,915.

 

See Notes to Financial Statements.

 

112   WisdomTree International Dividend and Sector Funds


Statements of Assets and Liabilities

WisdomTree International Dividend and Sector Funds

March 28, 2013

 

  

 

 

      WisdomTree
DEFA
Fund
     WisdomTree
DEFA Equity
Income Fund
     WisdomTree
Global Equity
Income Fund
     WisdomTree
Europe SmallCap
Dividend Fund
     WisdomTree
Japan Hedged
Equity Fund
 

ASSETS:

              

Investments, at cost

   $ 452,455,259       $ 206,444,777       $ 98,737,050       $ 62,109,486       $ 6,679,810,892   

Investment in affiliates, at cost (Note 7)

             464,483         167,416                   

Foreign currency, at cost

     1,267,420         85,259         74,361         109,972         1,352,633   

Investments in securities, at value (including securities on loan) (Note 2)

     492,298,109         220,682,402         108,787,664         66,397,578         6,938,079,132   

Investment in affiliates, at value (Note 7)

             465,814         168,903                   

Cash

     68,154                 5,902         1,076         2,088,348   

Foreign currency, at value

     1,269,303         85,588         74,287         110,205         1,352,681   

Unrealized appreciation on foreign currency contracts

     528                                 82,367,988   

Receivables:

              

Dividends and interest

     1,924,383         920,747         427,877         176,094         50,344,063   

Investment securities sold

     1,261,137         316,166         169,354         620,454         13,105,237   

Foreign tax reclaims

     691,622         229,053         75,556         28,261           

Capital shares sold

                                     60,381,354   

Total Assets

     497,513,236         222,699,770         109,709,543         67,333,668         7,147,718,803   

LIABILITIES:

              

Due to custodian

             308,116                           

Unrealized depreciation on foreign currency contracts

     1,091         152         298                 17,187,959   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     37,119,067         13,288,926         5,952,460         5,870,668         1,339,844,620   

Investment securities purchased

     1,614,924                 238,006         560,710         156,198,599   

Advisory fees (Note 3)

     169,454         91,486         45,391         27,603         1,838,183   

Service fees (Note 2)

     1,557         696         345         209         16,850   

Total Liabilities

     38,906,093         13,689,376         6,236,500         6,459,190         1,515,086,211   

NET ASSETS

   $ 458,607,143       $ 209,010,394       $ 103,473,043       $ 60,874,478       $ 5,632,632,592   

NET ASSETS:

              

Paid-in capital

   $ 661,422,386       $ 286,400,076       $ 117,916,875       $ 83,835,119       $ 5,188,422,875   

Undistributed net investment income

     1,552,543         548,486         203,710         311,362         51,853,913   

Accumulated net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

     (244,222,453      (92,182,436      (24,700,282      (27,560,558      68,882,851   

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     39,854,667         14,244,268         10,052,740         4,288,555         323,472,953   

NET ASSETS

   $ 458,607,143       $ 209,010,394       $ 103,473,043       $ 60,874,478       $ 5,632,632,592   

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

     9,600,000         5,050,000         2,350,000         1,450,000         131,150,000   

Net asset value per share

   $ 47.77       $ 41.39       $ 44.03       $ 41.98       $ 42.95   
1 

Market value of securities out on loan were as follows: $38,465,526, $13,074,624, $5,671,067, $5,477,979 and $1,382,560,401, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      113   


Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 28, 2013

 

  

 

 

      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
 

ASSETS:

              

Investments, at cost

   $ 87,965,833       $ 204,172,173       $ 86,625,436       $ 72,453,315       $ 203,364,413   

Investment in affiliates, at cost (Note 7)

     6,240                                 675   

Foreign currency, at cost

     82,512                 234,698         32,268         333,003   

Investments in securities, at value (including securities on loan) (Note 2)

     94,117,989         221,487,618         96,838,004         85,025,030         219,987,235   

Investment in affiliates, at value (Note 7)

     6,626                                 675   

Cash

     48,605                 2,104         39,246         43,299   

Foreign currency, at value

     82,276                 234,402         32,268         333,044   

Unrealized appreciation on foreign currency contracts

                                     310   

Receivables:

              

Dividends and interest

     149,175         2,072,522         317,337         660,690         826,905   

Foreign tax reclaims

     10,668                 3,149                 310,342   

Capital shares sold

             7,255,798                         2,288,470   

Investment securities sold

             2,166,602                         807,455   

Total Assets

     94,415,339         232,982,540         97,394,996         85,757,234         224,597,735   

LIABILITIES:

              

Due to custodian

             245,431                           

Unrealized depreciation on foreign currency contracts

             36                         649   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

     6,399,005         31,073,274         1,172,426         8,530,037         10,651,082   

Investment securities purchased

             8,671,751                         3,327,153   

Advisory fees (Note 3)

     39,421         77,295         35,656         33,762         77,212   

Service fees (Note 2)

     299         587         327         256         709   

Total Liabilities

     6,438,725         40,068,374         1,208,409         8,564,055         14,056,805   

NET ASSETS

   $ 87,976,614       $ 192,914,166       $ 96,186,587       $ 77,193,179       $ 210,540,930   

NET ASSETS:

              

Paid-in capital

   $ 103,197,878       $ 199,136,807       $ 108,278,196       $ 84,782,414       $ 250,645,283   

Undistributed net investment income

     80,764         3,074,610         17,900         85,220         494,609   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (21,452,179      (26,608,587      (22,322,757      (20,255,115      (57,228,341

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     6,150,151         17,311,336         10,213,248         12,580,660         16,629,379   

NET ASSETS

   $ 87,976,614       $ 192,914,166       $ 96,186,587       $ 77,193,179       $ 210,540,930   

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

     1,700,000         3,950,000         1,400,000         1,200,000         4,600,000   

Net asset value per share

   $ 51.75       $ 48.84       $ 68.70       $ 64.33       $ 45.77   
1 

Market value of securities out on loan were as follows: $6,087,454, $29,068,790, $1,100,130, $8,087,650 and $12,505,669, respectively.

 

See Notes to Financial Statements.

 

114   WisdomTree International Dividend and Sector Funds


Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 28, 2013

 

  

 

 

     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
 

ASSETS:

         

Investments, at cost

  $ 326,052,687      $ 118,329,075      $ 551,137,846      $ 5,562,059,927      $ 1,272,568,853   

Investment in affiliates, at cost (Note 7)

    24,417        319,960        728,264               14,341   

Foreign currency, at cost

    187,909        410,523        1,443,505        6,606,346        8,712,094   

Investments in securities, at value (including securities on loan) (Note 2)1

    359,966,572        133,621,950        647,077,266        5,802,685,102        1,492,748,474   

Investment in affiliates, at value (Note 7)

    27,106        380,817        728,325               15,582   

Cash

           9,474               2,491,290        2,300,331   

Foreign currency, at value

    187,806        410,126        1,443,220        6,587,904        8,729,200   

Unrealized appreciation on foreign currency contracts

                  33        1,711        1,446   

Receivables:

         

Dividends and interest

    1,090,668        510,850        4,021,904        14,049,170        4,976,677   

Investment securities sold

    637,493        150,823        4,787,167        230,057        15,073,321   

Foreign tax reclaims

    477,977        95,955        160,904        29,753        26,815   

Capital shares sold

                                9,053,743   

Total Assets

    362,387,622        135,179,995        658,218,819        5,826,074,987        1,532,925,589   

LIABILITIES:

         

Due to custodian

    607,250               445,095                 

Unrealized depreciation on foreign currency contracts

    203        45        3,099               12,139   

Payables:

         

Investment of cash collateral for securities loaned (Note 2)

    11,941,002        16,024,791        90,214,278        348,330,706        37,046,255   

Investment securities purchased

           32,343        5,171,853               21,068,425   

Advisory fees (Note 3)

    156,483        53,187        249,775        2,657,361        694,915   

Service fees (Note 2)

    1,188        405        1,895        18,559        4,854   

Total Liabilities

    12,706,126        16,110,771        96,085,995        351,006,626        58,826,588   

NET ASSETS

  $ 349,681,496      $ 119,069,224      $ 562,132,824      $ 5,475,068,361      $ 1,474,099,001   

NET ASSETS:

         

Paid-in capital

  $ 494,945,290      $ 192,450,189      $ 690,711,380      $ 5,569,577,776      $ 1,418,422,964   

Undistributed net investment income

    701,664        473,831        5,929,833        8,413,475        5,226,484   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

    (179,877,765     (89,207,602     (230,457,327     (343,568,318     (169,715,386

Net unrealized appreciation on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    33,912,307        15,352,806        95,948,938        240,645,428        220,164,939   

NET ASSETS

  $ 349,681,496      $ 119,069,224      $ 562,132,824      $ 5,475,068,361      $ 1,474,099,001   

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

    8,300,000        2,300,000        10,150,000        99,900,000        28,800,000   

Net asset value per share

  $ 42.13      $ 51.77      $ 55.38      $ 54.81      $ 51.18   
1 

Market value of securities out on loan were as follows: $11,316,446, $14,765,069, $84,913,406, $320,203,950 and $34,229,135 respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      115   


Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 28, 2013

 

  

 

 

      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
 

ASSETS:

              

Investments, at cost

   $ 12,590,683       $ 161,743,049       $ 25,367,623       $ 31,147,968       $ 43,254,338   

Investment in affiliates, at cost (Note 7)

                     3,759         26,206         1,375   

Foreign currency, at cost

     88,557         6,272         16,404         11,666         28,476   

Investments in securities, at value (including securities on loan) (Note 2)1

     14,260,803         165,901,007         25,952,671         28,218,187         39,309,382   

Investment in affiliates, at value (Note 7)

                     3,702         26,991         1,383   

Cash

             15,140         2,635         186,850         168,597   

Foreign currency, at value

     88,511         6,303         16,384         11,691         28,408   

Unrealized appreciation on foreign currency contracts

             871,878                 203         417   

Receivables:

              

Dividend and interest

     179,406         33,405         121,335         52,282         191,415   

Investment securities sold

     24,663                         204,599         455,299   

Capital shares sold

             105,230,000                         721,929   

Foreign tax reclaims

             20,709         23,902         13,135         17,774   

Total Assets

     14,553,383         272,078,442         26,120,629         28,713,938         40,894,604   

LIABILITIES:

              

Due to custodian

     45,993                                   

Unrealized depreciation on foreign currency contracts

     133         313,777         21         30         351   

Payables:

              

Investment of cash collateral for securities loaned (Note 2)

             1,034,570         2,110,755         3,346,854         2,114,993   

Investment securities purchased

             106,181,496                 391,749         1,328,431   

Advisory fees (Note 3)

     9,707         21,006         10,796         11,416         16,348   

Service fees (Note 2)

     49         159         82         87         124   

Total Liabilities

     55,882         107,551,008         2,121,654         3,750,136         3,460,247   

NET ASSETS

   $ 14,497,501       $ 164,527,434       $ 23,998,975       $ 24,963,802       $ 37,434,357   

NET ASSETS:

              

Paid-in capital

   $ 21,739,238       $ 163,603,047       $ 39,276,524       $ 43,540,558       $ 64,553,095   

Undistributed (Distributions in excess of) net investment income

     53,461         36,480         57,766         (419      60,759   

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (8,965,121      (3,828,065      (15,921,414      (15,647,811      (23,233,889

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     1,669,923         4,715,972         586,099         (2,928,526      (3,945,608

NET ASSETS

   $ 14,497,501       $ 164,527,434       $ 23,998,975       $ 24,963,802       $ 37,434,357   

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

     900,000         3,300,000         750,000         1,100,000         2,100,000   

Net asset value per share

   $ 16.11       $ 49.86       $ 32.00       $ 22.69       $ 17.83   
1 

Market value of securities out on loan were as follows: $0, $984,471, $2,011,298, $3,209,731 and $2,015,033, respectively.

 

See Notes to Financial Statements.

 

116   WisdomTree International Dividend and Sector Funds


Statements of Assets and Liabilities (concluded)

WisdomTree International Dividend and Sector Funds

March 28, 2013

 

  

 

 

      WisdomTree
Global ex-U.S.
Real Estate Fund
     WisdomTree
China Dividend
ex-Financials Fund
 

ASSETS:

     

Investments, at cost

   $ 105,312,961       $ 39,043,717   

Foreign currency, at cost

     65,844         14,658   

Investments in securities, at value (including securities on loan) (Note 2)1

     122,975,828         38,612,046   

Cash

     8,198         64,392   

Foreign currency, at value

     66,174         14,657   

Receivables:

     

Dividend and interest

     328,244         1,219   

Investment securities sold

     61,308           

Foreign tax reclaims

     11,142           

Total Assets

     123,450,894         38,692,314   

LIABILITIES:

     

Unrealized depreciation on foreign currency contracts

     790           

Payables:

     

Investment of cash collateral for securities loaned (Note 2)

     9,768,233         2,342,915   

Advisory fees (Note 3)

     50,664         17,892   

Service fees (Note 2)

     385         125   

Total Liabilities

     9,820,072         2,360,932   

NET ASSETS

   $ 113,630,822       $ 36,331,382   

NET ASSETS:

     

Paid-in capital

   $ 161,567,505       $ 36,817,386   

Undistributed (Distributions in excess of) net investment income

     (7,214,396        

Accumulated net investment loss

             (51,302

Accumulated net realized loss on investments, forward foreign currency contracts and foreign currency related transactions

     (58,385,768      (3,030

Net unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     17,663,481         (431,672

NET ASSETS

   $ 113,630,822       $ 36,331,382   

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

     3,800,000         700,002   

Net asset value per share

   $ 29.90       $ 51.90   
1 

Market value of securities out on loan were as follows: $9,235,591 and $2,190,927, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      117   


Statements of Operations

WisdomTree International Dividend and Sector Funds

For the Year Ended March 28, 2013

 

  

 

 

      WisdomTree
DEFA Fund
     WisdomTree
DEFA Equity
Income Fund
     WisdomTree
Global Equity
Income Fund
     WisdomTree
Europe SmallCap
Dividend Fund
     WisdomTree
Japan Hedged
Equity Fund
 

INVESTMENT INCOME:

              

Dividends1

   $ 16,476,355       $ 8,736,821       $ 4,169,605       $ 1,280,376       $ 58,562,341   

Dividends from affiliates (Note 7)

     94,723         24,564         12,475         1,652           

Interest

                     6                 36   

Securities lending income (Note 2)

     618,053         303,354         108,895         66,363         359,649   

Total investment income

     17,189,131         9,064,739         4,290,981         1,348,391         58,922,026   

EXPENSES:

              

Advisory fees (Note 3)

     1,948,316         1,017,704         532,235         190,581         6,005,779   

Service fees (Note 2)

     17,859         7,721         4,037         1,445         55,053   

Total expenses

     1,966,175         1,025,425         536,272         192,026         6,060,832   

Expense reimbursements/waivers (Note 3)

     (2,004      (1,039      (79                

Net expenses

     1,964,171         1,024,386         536,193         192,026         6,060,832   

Net investment income

     15,224,960         8,040,353         3,754,788         1,156,365         52,861,194   

NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (20,221,004      (14,533,859      (2,675,870      (1,524,924      (27,437,268

Investment transactions from affiliates (Note 7)

     12,665         42,780         18,944         9,966           

In-kind redemptions

     4,484,137                                 5,549,435   

In-kind redemptions from affiliates (Note 7)

     1,097                                   

Forward foreign currency contracts and foreign currency related transactions

     (46,490      (19,070      (13,751      (9,032      149,514,717   

Net realized gain (loss)

     (15,769,595      (14,510,149      (2,670,677      (1,523,990      127,626,884   

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     46,587,551         26,721,374         8,347,406         3,865,005         255,808,044   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (20,683      (1,136      (270      684         56,696,846   

Net change in unrealized appreciation

     46,566,868         26,720,238         8,347,136         3,865,689         312,504,890   

Net realized and unrealized gain on investments

     30,797,273         12,210,089         5,676,459         2,341,699         440,131,774   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 46,022,233       $ 20,250,442       $ 9,431,247       $ 3,498,064       $ 492,992,968   
1 

Net of foreign withholding tax of $1,432,234, $715,423, $337,912, $145,527 and $4,494,216, respectively.

 

See Notes to Financial Statements.

 

118   WisdomTree International Dividend and Sector Funds


Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 28, 2013

 

  

 

 

      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
 

INVESTMENT INCOME:

              

Dividends1

   $ 2,140,336       $ 3,969,956       $ 3,514,148       $ 3,409,238       $ 7,452,647   

Dividends from affiliates (Note 7)

     9,790         961         18,851                 18,497   

Interest

     6         14         2         2           

Securities lending income (Note 2)

     54,415         110,037         12,498         85,465         239,093   

Total investment income

     2,204,547         4,080,968         3,545,499         3,494,705         7,710,237   

EXPENSES:

              

Advisory fees (Note 3)

     385,477         975,328         424,706         382,591         870,877   

Service fees (Note 2)

     2,924         7,399         3,893         2,902         7,983   

Total expenses

     388,401         982,727         428,599         385,493         878,860   

Expense reimbursements/waivers (Note 3)

     (1,062      (280      (3,406              (992

Net expenses

     387,339         982,447         425,193         385,493         877,868   

Net investment income

     1,817,208         3,098,521         3,120,306         3,109,212         6,832,369   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (7,761,797      2,725,562         (2,019,255      (3,483,674      (9,574,707

Investment transactions from affiliates (Note 7)

     (65,376      76,603         (497,396              54,786   

In-kind redemptions

     470,184         4,793,207         931,418         1,191,902           

In-kind redemptions from affiliates (Note 7)

             (9      3,436                   

Forward foreign currency contracts and foreign currency related transactions

     (9,312      4,190         (2,918      1,851         (11,146

Net realized gain (loss)

     (7,366,301      7,599,553         (1,584,715      (2,289,921      (9,531,067

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     8,255,542         4,871,298         7,561,732         12,624,984         22,869,440   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (1,486      (14,704      4,605         22,628         (8,780

Net change in unrealized appreciation

     8,254,056         4,856,594         7,566,337         12,647,612         22,860,660   

Net realized and unrealized gain on investments

     887,755         12,456,147         5,981,622         10,357,691         13,329,593   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 2,704,963       $ 15,554,668       $ 9,101,928       $ 13,466,903       $ 20,161,962   
1 

Net of foreign withholding tax of $210,669, $302,454, $267,904, $24,581 and $626,983, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      119   


Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 28, 2013

 

  

 

 

      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
 

INVESTMENT INCOME:

              

Dividends1

   $ 16,666,477       $ 3,674,920       $ 17,863,892       $ 169,309,263       $ 33,210,881   

Dividends from affiliates (Note 7)

     30,213         15,039         9,452                 50,059   

Interest

     29         12         36         1,130           

Securities lending income (Note 2)

     664,981         155,707         1,049,572         1,983,238         370,339   

Total investment income

     17,361,700         3,845,678         18,922,952         171,293,631         33,631,279   

EXPENSES:

              

Advisory fees (Note 3)

     1,948,817         585,282         2,526,895         27,287,985         6,777,556   

Service fees (Note 2)

     14,784         4,440         19,170         190,583         47,335   

Total expenses

     1,963,601         589,722         2,546,065         27,478,568         6,824,891   

Expense reimbursements/waivers (Note 3)

     (1,741      (870      (1,555      (387      (26,184

Net expenses

     1,961,860         588,852         2,544,510         27,478,181         6,798,707   

Net investment income

     15,399,840         3,256,826         16,378,442         143,815,450         26,832,572   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (33,323,871      (9,301,826      610,726         (244,845,342      (122,342,710

Investment transactions from affiliates (Note 7)

     33,297         18,297         119,191         (129,934      (960,163

In-kind redemptions

     2,178,270         527,823         824,542         47,459,461         34,839,120   

In-kind redemptions from affiliates (Note 7)

     (609      (12      84                 (31,987

Forward foreign currency contracts and foreign currency related transactions

     (83,776      (20,063      (104,726      (1,023,517      (1,412,895

Net realized gain (loss)

     (31,196,689      (8,775,781      1,449,817         (198,539,332      (89,908,635

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     34,222,302         16,268,293         57,303,312         45,751,804         186,861,389   

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

     (6,535      (2,099      22,759         167,663         (39,195

Net change in unrealized appreciation

     34,215,767         16,266,194         57,326,071         45,919,467         186,822,194   

Net realized and unrealized gain (loss) on investments

     3,019,078         7,490,413         58,775,888         (152,619,865      96,913,559   

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 18,418,918       $ 10,747,239       $ 75,154,330       $ (8,804,415    $ 123,746,131   
1 

Net of foreign withholding tax of $1,483,649, $343,106, $1,447,411, $22,731,862 and $5,513,621, respectively.

 

See Notes to Financial Statements.

 

120   WisdomTree International Dividend and Sector Funds


Statements of Operations (concluded)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 28, 2013

 

  

 

 

     WisdomTree
Middle East
Dividend Fund
    WisdomTree
Europe
Hedged
Equity Fund1
    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 2
 

INVESTMENT INCOME:

             

Dividends3

  $ 657,507      $ 661,236      $ 1,116,197      $ 1,072,392      $ 1,512,240      $ 4,210,894      $ 12,860   

Dividends from affiliates (Note 7)

           3,974        2,661        2,475        6,748        7,384          

Interest

    2               2        5                        

Securities lending income (Note 2)

           35,306        28,048        23,049        36,022        91,564        4,783   

Total investment income

    657,509        700,516        1,146,908        1,097,921        1,555,010        4,309,842        17,643   

EXPENSES:

             

Advisory fees (Note 3)

    105,839        150,684        155,019        157,901        188,239        622,628        91,557   

Service fees (Note 2)

    562        1,189        1,175        1,198        1,428        4,723        639   

Custody and accounting

    35,512        21,741                                      

Professional fees

    12,730        12,789                                      

IOPV fees4

    4,625        2,350                                      

Pricing

    3,903        306                                      

Printing

    3,258        3,371                                      

Listing costs

    1,626        1,251                                      

Insurance

    1,201        1,243                                      

Compliance

    469        469                                      

Other

    2,572        2,979                                      

Total expenses

    172,297        198,372        156,194        159,099        189,667        627,351        92,196   

Expense reimbursements/waivers (Note 3)

    (59,230     (40,324            (116     (117     (576       

Net expenses

    113,067        158,048        156,194        158,983        189,550        626,775        92,196   

Net investment income (loss)

    544,442        542,468        990,714        938,938        1,365,460        3,683,067        (74,553

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

             

Net realized gain (loss) from:

             

Investment transactions

    (24,376     (2,184,345     (963,512     (2,394,925     (1,997,573     (1,735,512     (182

Investment transactions from affiliates (Note 7)

           6,588        (11,477     (44,123     (39,604     (38,741       

In-kind redemptions

           1,738,919        405,350        (31,682            1,661,149          

In-kind redemptions from affiliates (Note 7)

           41        203        (4,306            683          

Forward foreign currency contracts and foreign currency related transactions

    (6,718     361,943        (12,657     (468     (20,514     (15,640     (67

Net realized loss

    (31,094     (76,854     (582,093     (2,475,504     (2,057,691     (128,061     (249

Net change in unrealized appreciation (depreciation) from:

             

Investment transactions

    448,916        3,421,646        981,470        (615,272     361,001        18,238,886        (431,671

Forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (182     374,835        1,408        738        622        1,189        (1

Net change in unrealized appreciation (depreciation)

    448,734        3,796,481        982,878        (614,534     361,623        18,240,075        (431,672

Net realized and unrealized gain (loss) on investments

    417,640        3,719,627        400,785        (3,090,038     (1,696,068     18,112,014        (431,921

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

  $ 962,082      $ 4,262,095      $ 1,391,499      $ (2,151,100   $ (330,608   $ 21,795,081      $ (506,474
1

This information reflects the investment objective and strategy of the WisdomTree International Hedged Equity Fund through August 29, 2012 and the investment obective and strategy of the WisdomTree Europe Hedged Equity Fund thereafter.

 

2

For the period September 19, 2012 (commencement of operations) through March 28, 2013.

 

3 

Net of foreign withholding tax of $36,589, $82,387, $146,900, $104,531, $172,926, $375,827 and $105, respectively.

 

4 

IOPV fees – Indicative Optimized Portfolio Value – is the real-time estimation of the net asset value of the Fund.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      121   


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
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 15,224,960      $ 16,719,464      $ 8,040,353      $ 6,939,284      $ 3,754,788      $ 3,461,871   

Net realized gain (loss) on investments and foreign currency related transactions

    (15,769,595     3,695,261        (14,510,149     (1,781,769     (2,670,677     1,392,233   

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    46,566,868        (53,411,664     26,720,238        (14,029,609     8,347,136        (6,516,677

Net increase (decrease) in net assets resulting from operations

    46,022,233        (32,996,939     20,250,442        (8,872,094     9,431,247        (1,662,573

DIVIDENDS:

           

Net investment income

    (15,025,057     (16,801,126     (7,776,245     (6,808,884     (3,714,651     (3,425,601

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    68,901,531        33,703,878        20,726,716        60,036,022        6,452,418        18,244,724   

Cost of shares redeemed

    (26,493,980     (56,700,428                            

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

    42,407,551        (22,996,550     20,726,716        60,036,022        6,452,418        18,244,724   

Net Increase (Decrease) in Net Assets

    73,404,727        (72,794,615     33,200,913        44,355,044        12,169,014        13,156,550   

NET ASSETS:

           

Beginning of year

  $ 385,202,416      $ 457,997,031      $ 175,809,481      $ 131,454,437      $ 91,304,029      $ 78,147,479   

End of year

  $ 458,607,143      $ 385,202,416      $ 209,010,394      $ 175,809,481      $ 103,473,043      $ 91,304,029   

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

  $ 1,552,543      $ 1,022,525      $ 548,486      $ 299,938      $ 203,710      $ 173,689   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    8,650,000        9,250,000        4,550,000        3,000,000        2,200,000        1,750,000   

Shares created

    1,550,000        750,000        500,000        1,550,000        150,000        450,000   

Shares redeemed

    (600,000     (1,350,000                            

Shares outstanding, end of year

    9,600,000        8,650,000        5,050,000        4,550,000        2,350,000        2,200,000   

 

See Notes to Financial Statements.

 

122   WisdomTree International Dividend and Sector Funds


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. Growth Fund
 
     For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 1,156,365      $ 950,619      $ 52,861,194      $ 11,763,154      $ 1,817,208      $ 1,562,331   

Net realized gain (loss) on investments and foreign currency related transactions

    (1,523,990     (132,778     127,626,884        (33,353,164     (7,366,301     4,494,549   

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    3,865,689        (3,235,995     312,504,890        17,128,392        8,254,056        (9,406,513

Net increase (decrease) in net assets resulting from operations

    3,498,064        (2,418,154     492,992,968        (4,461,618     2,704,963        (3,349,633

DIVIDENDS:

           

Net investment income

    (1,076,479     (1,249,779     (13,375,411     (9,560,131     (1,788,342     (1,502,577

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    29,785,014        7,023,711        4,678,791,825        401,748,182        36,131,419        54,279,646   

Cost of shares redeemed

           (3,576,495     (132,483,552     (276,000,932     (4,845,560     (43,099,447

Net increase in net assets resulting from capital share transactions

    29,785,014        3,447,216        4,546,308,273        125,747,250        31,285,859        11,180,199   

Net Increase (Decrease) in Net Assets

    32,206,599        (220,717     5,025,925,830        111,725,501        32,202,480        6,327,989   

NET ASSETS:

           

Beginning of year

  $ 28,667,879      $ 28,888,596      $ 606,706,762      $ 494,981,261      $ 55,774,134      $ 49,446,145   

End of year

  $ 60,874,478      $ 28,667,879      $ 5,632,632,592      $ 606,706,762      $ 87,976,614      $ 55,774,134   

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

  $ 311,362      $ 83,518      $ 51,853,913      $ 5,575,936      $ 80,764      $ 60,053   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    750,000        650,000        16,550,000        13,400,000        1,100,000        900,000   

Shares created

    700,000        200,000        118,700,000        11,400,000        700,000        1,000,000   

Shares redeemed

           (100,000     (4,100,000     (8,250,000     (100,000     (800,000

Shares outstanding, end of year

    1,450,000        750,000        131,150,000        16,550,000        1,700,000        1,100,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      123   


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
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 3,098,521      $ 3,372,566      $ 3,120,306      $ 2,598,061      $ 3,109,212      $ 2,966,522   

Net realized gain (loss) on investments and foreign currency related transactions

    7,599,553        1,130,009        (1,584,715     4,585,308        (2,289,921     4,870,265   

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    4,856,594        8,065,427        7,566,337        (8,049,230     12,647,612        (8,266,645

Net increase (decrease) in net assets resulting from operations

    15,554,668        12,568,002        9,101,928        (865,861     13,466,903        (429,858

DIVIDENDS:

           

Net investment income

    (4,026,669     (4,623,191     (3,102,604     (2,604,968     (3,153,173     (3,116,253

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    33,483,539        65,220,185        10,063,418        51,180,847        11,163,124        40,313,641   

Cost of shares redeemed

    (45,269,085     (115,678,745     (9,548,589     (46,425,372     (5,739,510     (55,448,586

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

    (11,785,546     (50,458,560     514,829        4,755,475        5,423,614        (15,134,945

Net Increase (Decrease) in Net Assets

    (257,547     (42,513,749     6,514,153        1,284,646        15,737,344        (18,681,056

NET ASSETS:

           

Beginning of year

  $ 193,171,713      $ 235,685,462      $ 89,672,434      $ 88,387,788      $ 61,455,835      $ 80,136,891   

End of year

  $ 192,914,166      $ 193,171,713      $ 96,186,587      $ 89,672,434      $ 77,193,179      $ 61,455,835   

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

  $ 3,074,610      $ 1,734,559      $ 17,900      $ 3,116      $ 85,220      $ 127,330   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    4,250,000        5,450,000        1,400,000        1,300,000        1,100,000        1,300,000   

Shares created

    750,000        1,550,000        150,000        800,000        200,000        700,000   

Shares redeemed

    (1,050,000     (2,750,000     (150,000     (700,000     (100,000     (900,000

Shares outstanding, end of year

    3,950,000        4,250,000        1,400,000        1,400,000        1,200,000        1,100,000   

 

See Notes to Financial Statements.

 

124   WisdomTree International Dividend and Sector Funds


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
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 6,832,369      $ 6,063,873      $ 15,399,840      $ 9,296,419      $ 3,256,826      $ 4,782,460   

Net realized gain (loss) on investments and foreign currency related transactions

    (9,531,067     (712,258     (31,196,689     2,557,258        (8,775,781     (3,830,338

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    22,860,660        (12,411,541     34,215,767        (15,393,171     16,266,194        (13,503,994

Net increase (decrease) in net assets resulting from operations

    20,161,962        (7,059,926     18,418,918        (3,539,494     10,747,239        (12,551,872

DIVIDENDS:

           

Net investment income

    (6,637,277     (6,055,172     (15,069,853     (8,893,281     (3,330,617     (4,866,057

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    29,763,093        37,627,329        9,674,992        232,583,990        10,294,211        4,726,060   

Cost of shares redeemed

           (21,748,486     (19,334,301     (14,088,402     (4,464,240     (37,491,140

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

    29,763,093        15,878,843        (9,659,309     218,495,588        5,829,971        (32,765,080

Net Increase (Decrease) in Net Assets

    43,287,778        2,763,745        (6,310,244     206,062,813        13,246,593        (50,183,009

NET ASSETS:

           

Beginning of year

  $ 167,253,152      $ 164,489,407      $ 355,991,740      $ 149,928,927      $ 105,822,631      $ 156,005,640   

End of year

  $ 210,540,930      $ 167,253,152      $ 349,681,496      $ 355,991,740      $ 119,069,224      $ 105,822,631   

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

  $ 494,609      $ 310,663      $ 701,664      $ 455,453      $ 473,831      $ 441,765   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    3,900,000        3,450,000        8,550,000        3,200,000        2,200,000        2,900,000   

Shares created

    700,000        900,000        250,000        5,700,000        200,000        100,000   

Shares redeemed

           (450,000     (500,000     (350,000     (100,000     (800,000

Shares outstanding, end of year

    4,600,000        3,900,000        8,300,000        8,550,000        2,300,000        2,200,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      125   


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
Year Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
     For the
Year Ended
March 28, 2013
     For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

  

        

Net investment income

   $ 16,378,442       $ 15,169,605       $ 143,815,450       $ 82,916,224       $ 26,832,572       $ 26,730,919   

Net realized gain (loss) on investments and foreign currency related transactions

     1,449,817         (3,736,816      (198,539,332      (17,309,221      (89,908,635      6,185,094   

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

     57,326,071         (29,683,524      45,919,467         279,971         186,822,194         (97,689,850

Net increase (decrease) in net assets resulting from operations

     75,154,330         (18,250,735      (8,804,415      65,886,974         123,746,131         (64,773,837

DIVIDENDS:

                 

Net investment income

     (16,696,307      (16,614,951      (143,743,128      (77,715,398      (32,701,228      (29,482,802

CAPITAL SHARE TRANSACTIONS:

                 

Net proceeds from sale of shares

     86,110,599         14,562,054         2,268,561,851         2,547,732,465         515,049,890         285,736,124   

Cost of shares redeemed

     (6,700,141      (31,135,099      (281,836,720      (220,269,968      (154,863,364      (96,074,894

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

     79,410,458         (16,573,045      1,986,725,131         2,327,462,497         360,186,526         189,661,230   

Net Increase (Decrease) in Net Assets

     137,868,481         (51,438,731      1,834,177,588         2,315,634,073         451,231,429         95,404,591   

NET ASSETS:

                 

Beginning of year

   $ 424,264,343       $ 475,703,074       $ 3,640,890,773       $ 1,325,256,700       $ 1,022,867,572       $ 927,462,981   

End of year

   $ 562,132,824       $ 424,264,343       $ 5,475,068,361       $ 3,640,890,773       $ 1,474,099,001       $ 1,022,867,572   

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

   $ 5,929,833       $ 2,243,811       $ 8,413,475       $ 5,258,481       $ 5,226,484       $ 5,299,833   

SHARES CREATED AND REDEEMED:

                 

Shares outstanding, beginning of year

     8,600,000         8,950,000         63,500,000         21,900,000         21,400,000         17,400,000   

Shares created

     1,700,000         300,000         41,900,000         45,400,000         11,000,000         5,900,000   

Shares redeemed

     (150,000      (650,000      (5,500,000      (3,800,000      (3,600,000      (1,900,000

Shares outstanding, end of year

     10,150,000         8,600,000         99,900,000         63,500,000         28,800,000         21,400,000   

 

See Notes to Financial Statements.

 

126   WisdomTree International Dividend and Sector Funds


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
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 20131
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

         

Net investment income

  $ 544,442      $ 922,631      $ 542,468      $ 783,466      $ 990,714      $ 1,242,054   

Net realized gain (loss) on investments and foreign currency related transactions

    (31,094     (251,530     (76,854     210,038        (582,093     3,319,868   

Net change in unrealized appreciation (depreciation) on investments and translation of assets and liabilities denominated in foreign currencies

    448,734        (646,606     3,796,481        (1,882,498     982,878        (5,938,566

Net increase (decrease) in net assets resulting from operations

    962,082        24,495        4,262,095        (888,994     1,391,499        (1,376,644

DIVIDENDS:

           

Net investment income

    (643,257     (1,062,273     (518,343     (714,387     (1,000,096     (1,222,114

CAPITAL SHARE TRANSACTIONS:

           

Net proceeds from sale of shares

    1,623,047               159,985,470        6,765,094                 

Cost of shares redeemed

    (1,482,861     (4,494,772     (21,164,937     (4,623,324     (7,831,378     (9,134,398

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

    140,186        (4,494,772     138,820,533        2,141,770        (7,831,378     (9,134,398

Net Increase (Decrease) in Net Assets

    459,011        (5,532,550     142,564,285        538,389        (7,439,975     (11,733,156

NET ASSETS:

           

Beginning of year

  $ 14,038,490      $ 19,571,040      $ 21,963,149      $ 21,424,760      $ 31,438,950      $ 43,172,106   

End of year

  $ 14,497,501      $ 14,038,490      $ 164,527,434      $ 21,963,149      $ 23,998,975      $ 31,438,950   

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

  $ 53,461      $ 151,353      $ 36,480      $ 62,976      $ 57,766      $ 76,664   

SHARES CREATED AND REDEEMED:

           

Shares outstanding, beginning of year

    900,000        1,200,000        500,000        450,002        1,000,000        1,300,000   

Shares created

    100,000               3,300,000        150,000                 

Shares redeemed

    (100,000     (300,000     (500,000     (100,002     (250,000     (300,000

Shares outstanding, end of year

    900,000        900,000        3,300,000        500,000        750,000        1,000,000   
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.

 

WisdomTree International Dividend and Sector Funds      127   


Statements of Changes in Net Assets (concluded)

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
    WisdomTree
China Dividend
ex-Financials Fund
 
     For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the
Year Ended
March 28, 2013
    For the
Year Ended
March 31, 2012
    For the Period
September 19, 20121
through
March 28, 2013
 

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

           

Net investment income (loss)

  $ 938,938      $ 1,420,138      $ 1,365,460      $ 1,464,845      $ 3,683,067      $ 5,224,292      $ (74,553

Net realized gain (loss) on investments, forward foreign currency contracts and foreign currency related transactions

    (2,475,504     (789,924     (2,057,691     (11,238,294     (128,061     2,346,944        (249

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies

    (614,534     (7,617,125     361,623        7,207,486        18,240,075        (13,825,355     (431,672

Net increase (decrease) in net assets resulting from operations

    (2,151,100     (6,986,911     (330,608     (2,565,963     21,795,081        (6,254,119     (506,474

DIVIDENDS AND DISTRIBUTIONS:

             

Net investment income

    (956,648     (1,347,737     (1,355,041     (1,419,373     (8,639,126     (5,496,750       

Return of capital

    (3,704                                 (371,334       

Total dividends and distributions

    (960,352     (1,347,737     (1,355,041     (1,419,373     (8,639,126     (5,868,084       

CAPITAL SHARE TRANSACTIONS:

             

Net proceeds from sale of shares

           4,039,593        8,879,058        1,931,981        4,505,270        20,078,805        36,837,756   

Cost of shares redeemed

    (3,376,742     (13,525,579            (5,041,058     (12,251,624     (22,405,761       

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

    (3,376,742     (9,485,986     8,879,058        (3,109,077     (7,746,354     (2,326,956     36,837,756   

Net Increase (Decrease) in Net Assets

    (6,488,194     (17,820,634     7,193,409        (7,094,413     5,409,601        (14,449,159     36,331,282   

NET ASSETS:

             

Beginning of period

  $ 31,451,996      $ 49,272,630      $ 30,240,948      $ 37,335,361      $ 108,221,221      $ 122,670,380      $ 100   

End of period

  $ 24,963,802      $ 31,451,996      $ 37,434,357      $ 30,240,948      $ 113,630,822      $ 108,221,221      $ 36,331,382   

Undistributed (Distributions in excess of) net investment income included in net assets at end of period

  $ (419   $ 17,759      $ 60,759      $ 68,845      $ (7,214,396   $ (4,245,470       

Accumulated net investment loss included in net assets at end of period

                                            $ (51,302

SHARES CREATED AND REDEEMED:

             

Shares outstanding, beginning of period

    1,250,000        1,650,000        1,600,000        1,750,000        4,100,000        4,250,000        2   

Shares created

           150,000        500,000        100,000        150,000        750,000        700,000   

Shares redeemed

    (150,000     (550,000            (250,000     (450,000     (900,000       

Shares outstanding, end of period

    1,100,000        1,250,000        2,100,000        1,600,000        3,800,000        4,100,000        700,002   
1

Commencement of investment operations.

 

See Notes to Financial Statements.

 

128   WisdomTree International Dividend and Sector Funds


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 44.53       $ 49.51       $ 46.13       $ 32.00       $ 63.02   

Investment operations:

              

Net investment income1

     1.63         1.90         1.58         2.00         1.89   

Net realized and unrealized gain (loss)

     3.22         (4.99      3.39         14.24         (31.04

Total from investment operations

     4.85         (3.09      4.97         16.24         (29.15

Dividends to shareholders:

              

Net investment income

     (1.61      (1.89      (1.59      (2.11      (1.87

Net asset value, end of year

   $ 47.77       $ 44.53       $ 49.51       $ 46.13       $ 32.00   

TOTAL RETURN2

     11.42      (6.18 )%       11.33      51.43      (46.61 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 458,607       $ 385,202       $ 457,997       $ 435,906       $ 302,385   

Ratios to average net assets3 of:

              

Expenses, net of expense reimbursements/waivers

     0.48 %4       0.48      0.48      0.19 %*       0.48

Expenses, prior to expense reimbursements/waivers

     0.48 %4       0.48      0.48      0.48      0.48

Net investment income

     3.75 %4       4.22      3.50      4.63      4.01

Portfolio turnover rate5

     20      27      30      97      30

 

           
WisdomTree DEFA Equity Income Fund    For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 38.64       $ 43.82       $ 41.85       $ 28.43       $ 60.10   

Investment operations:

              

Net investment income1

     1.74         1.90         1.75         1.56         2.45   

Net realized and unrealized gain (loss)

     2.70         (5.17      2.01         13.44         (31.09

Total from investment operations

     4.44         (3.27      3.76         15.00         (28.64

Dividends to shareholders:

              

Net investment income

     (1.69      (1.91      (1.79      (1.58      (3.03

Net asset value, end of year

   $ 41.39       $ 38.64       $ 43.82       $ 41.85       $ 28.43   

TOTAL RETURN2

     12.08      (7.45 )%       9.74      53.57      (48.27 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 209,010       $ 175,809       $ 131,454       $ 142,297       $ 88,123   

Ratios to average net assets3 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Net investment income

     4.58 %4       4.84      4.39      3.91      5.27

Portfolio turnover rate5

     31      32      34      36      40
* 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 (Notes 2 and 3).

 

3 

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

 

4 

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      129   


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 41.50       $ 44.66       $ 40.99       $ 26.84       $ 58.90   

Investment operations:

              

Net investment income2

     1.68         1.86         1.52         2.07         2.32   

Net realized and unrealized gain (loss)

     2.51         (3.14      3.63         14.28         (31.66

Total from investment operations

     4.19         (1.28      5.15         16.35         (29.34

Dividends to shareholders:

              

Net investment income

     (1.66      (1.88      (1.48      (2.20      (2.72

Net asset value, end of year

   $ 44.03       $ 41.50       $ 44.66       $ 40.99       $ 26.84   

TOTAL RETURN3

     10.51      (2.70 )%       13.12      62.13      (50.56 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 103,473       $ 91,304       $ 78,147       $ 43,042       $ 18,787   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.26 %*       0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     4.10 %5       4.53      3.74      5.49      5.16

Portfolio turnover rate6

     32      25      35      94      47

 

           
WisdomTree Europe SmallCap
Dividend Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 38.22       $ 44.44       $ 37.62       $ 22.44       $ 58.47   

Investment operations:

              

Net investment income2

     1.32         1.44         1.09         0.99         2.50   

Net realized and unrealized gain (loss)

     3.82         (5.74      6.85         15.37         (35.53

Total from investment operations

     5.14         (4.30      7.94         16.36         (33.03

Dividends to shareholders:

              

Net investment income

     (1.38      (1.92      (1.12      (1.18      (3.00

Net asset value, end of year

   $ 41.98       $ 38.22       $ 44.44       $ 37.62       $ 22.44   

TOTAL RETURN3

     14.33      (9.80 )%       21.86      74.18      (56.75 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 60,874       $ 28,668       $ 28,889       $ 30,095       $ 13,467   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     3.52 %5       3.79      2.81      2.92      6.03

Portfolio turnover rate6

     48      58      60      55      63
* 

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.

 

130   WisdomTree International Dividend and Sector Funds


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 36.66       $ 36.94       $ 42.12       $ 32.02       $ 48.34   

Investment operations:

              

Net investment income2

     1.54         0.81         1.79         0.73         0.57   

Net realized and unrealized gain (loss)

     5.30         (0.34      (6.52      9.89         (16.09

Total from investment operations

     6.84         0.47         (4.73      10.62         (15.52

Dividends to shareholders:

              

Net investment income

     (0.55      (0.75      (0.45      (0.52      (0.80

Net asset value, end of year

   $ 42.95       $ 36.66       $ 36.94       $ 42.12       $ 32.02   

TOTAL RETURN3

     19.12      1.46      (11.25 )%       33.33      (32.36 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 5,632,633       $ 606,707       $ 494,981       $ 54,751       $ 19,212   

Ratios to average net assets7 of:

              

Expenses, net of expense reimbursements/waivers

     0.48 %6       0.48      0.48      0.48      0.48

Expenses, prior to expense reimbursements/waivers

     0.48 %6       0.48      0.48      0.48      0.48

Net investment income

     4.22 %6       2.41      5.40      1.72      1.38

Portfolio turnover rate5

     36      41      28      13      11

 

           
WisdomTree Global ex-U.S. Growth
Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 50.70       $ 54.94       $ 49.61       $ 35.41       $ 49.59   

Investment operations:

              

Net investment income2

     1.34         1.39         1.41         1.11         0.75   

Net realized and unrealized gain (loss)

     1.08         (4.32      5.22         14.94         (13.89

Total from investment operations

     2.42         (2.93      6.63         16.05         (13.14

Dividends to shareholders:

              

Net investment income

     (1.37      (1.31      (1.30      (1.85      (1.04

Net asset value, end of year

   $ 51.75       $ 50.70       $ 54.94       $ 49.61       $ 35.41   

TOTAL RETURN3

     5.03      (5.20 )%       13.67      46.04      (26.84 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 87,977       $ 55,774       $ 49,446       $ 24,805       $ 21,245   

Ratios to average net assets7 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %6       0.58 %4       0.57 %4       0.58 %4       0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %6       0.58      0.58      0.58      0.58

Net investment income

     2.72 %6       2.73      2.80      2.54      1.70

Portfolio turnover rate5

     59      28      68      121      47
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. 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 expense 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.

 

WisdomTree International Dividend and Sector Funds      131   


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 45.45       $ 43.25       $ 41.54       $ 31.47       $ 44.29   

Investment operations:

              

Net investment income2

     0.78         0.68         0.99         0.79         0.64   

Net realized and unrealized gain (loss)

     3.58         2.42         1.47         9.96         (12.97

Total from investment operations

     4.36         3.10         2.46         10.75         (12.33

Dividends to shareholders:

              

Net investment income

     (0.97      (0.90      (0.75      (0.68      (0.49

Net asset value, end of year

   $ 48.84       $ 45.45       $ 43.25       $ 41.54       $ 31.47   

TOTAL RETURN3

     9.97      7.36      6.02      34.37      (27.98 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 192,914       $ 193,172       $ 235,685       $ 157,850       $ 66,078   

Ratios to average net assets5 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Net investment income

     1.84 %4       1.58      2.51      2.09      1.68

Portfolio turnover rate6

     41      36      39      45      16

 

        
           
WisdomTree Asia Pacific ex-Japan
Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 64.05       $ 67.99       $ 61.40       $ 37.09       $ 73.00   

Investment operations:

              

Net investment income 2

     2.27         2.14         2.51         1.79         2.86   

Net realized and unrealized gain (loss)

     4.65         (3.85      6.59         24.23         (34.08

Total from investment operations

     6.92         (1.71      9.10         26.02         (31.22

Dividends to shareholders:

              

Net investment income

     (2.27      (2.23      (2.51      (1.71      (4.69

Net asset value, end of year

   $ 68.70       $ 64.05       $ 67.99       $ 61.40       $ 37.09   

TOTAL RETURN3

     11.18      (2.22 )%       15.33      70.97      (42.77 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 96,187       $ 89,672       $ 88,388       $ 89,033       $ 37,086   

Ratios to average net assets5 of:

              

Expenses, net of expense reimbursements/waivers

     0.48 %4       0.48      0.48      0.48      0.48

Expenses, prior to expense reimbursements/waivers

     0.48 %4       0.48      0.48      0.48      0.48

Net investment income

     3.53 %4       3.42      4.05      3.11      4.76

Portfolio turnover rate6

     26      60      27      18      31
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 expenes had not been reimbursed/waived by the investment adviser (Notes 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.

 

See Notes to Financial Statements.

 

132   WisdomTree International Dividend and Sector Funds


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 Australia Dividend Fund    For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 55.87       $ 61.64       $ 57.24       $ 30.80       $ 63.30   

Investment operations:

              

Net investment income2

     2.60         2.87         2.99         2.23         3.00   

Net realized and unrealized gain (loss)

     8.44         (5.48      4.62         26.27         (31.22

Total from investment operations

     11.04         (2.61      7.61         28.50         (28.22

Dividends to shareholders:

              

Net investment income

     (2.58      (3.16      (3.21      (2.06      (4.28

Net asset value, end of year

   $ 64.33       $ 55.87       $ 61.64       $ 57.24       $ 30.80   

TOTAL RETURN3

     20.49      (3.86 )%       14.03      93.79      (44.42 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 77,193       $ 61,456       $ 80,137       $ 117,339       $ 21,559   

Ratios to average net assets5 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %6       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %6       0.58      0.58      0.58      0.58

Net investment income

     4.71 %6       5.18      5.42      4.25      6.25

Portfolio turnover rate4

     31      68      46      25      55

 

           
WisdomTree International LargeCap
Dividend Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 42.89       $ 47.68       $ 45.34       $ 31.57       $ 61.86   

Investment operations:

              

Net investment income2

     1.59         1.86         1.56         1.50         2.11   

Net realized and unrealized gain (loss)

     2.84         (4.75      2.37         13.91         (29.98

Total from investment operations

     4.43         (2.89      3.93         15.41         (27.87

Dividends to shareholders:

              

Net investment income

     (1.55      (1.90      (1.59      (1.64      (2.42

Net asset value, end of year

   $ 45.77       $ 42.89       $ 47.68       $ 45.34       $ 31.57   

TOTAL RETURN3

     10.80      (6.02 )%       9.21      49.56      (45.57 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 210,541       $ 167,253       $ 164,489       $ 149,624       $ 78,928   

Ratios to average net assets5 of:

              

Expenses, net of expense reimbursements/waivers

     0.48 %6       0.48      0.48      0.48      0.48

Expenses, prior to expense reimbursements/waivers

     0.48 %6       0.48      0.48      0.48      0.48

Net investment income

     3.77 %6       4.34      3.56      3.54      4.38

Portfolio turnover rate4

     19      23      22      26      30
1 

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.

 

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 

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 

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

 

6 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      133   


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 Dividend
ex-Financials Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 41.64       $ 46.85       $ 42.69       $ 28.46       $ 64.01   

Investment operations:

              

Net investment income2

     1.82         1.74         1.83         1.50         2.93   

Net realized and unrealized gain (loss)

     0.45         (5.11      4.21         14.24         (34.43

Total from investment operations

     2.27         (3.37      6.04         15.74         (31.50

Dividends to shareholders:

              

Net investment income

     (1.78      (1.84      (1.88      (1.51      (4.05

Net asset value, end of year

   $ 42.13       $ 41.64       $ 46.85       $ 42.69       $ 28.46   

TOTAL RETURN3

     5.98      (7.24 )%       14.93      56.27      (49.95 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 349,681       $ 355,992       $ 149,929       $ 164,338       $ 105,305   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     4.58 %5       4.20      4.30      3.81      5.90

Portfolio turnover rate6

     50      28      52      69      55

 

           
WisdomTree International MidCap
Dividend Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 48.10       $ 53.80       $ 48.69       $ 31.55       $ 62.60   

Investment operations:

              

Net investment income2

     1.51         1.79         1.53         1.26         1.82   

Net realized and unrealized gain (loss)

     3.68         (5.69      5.19         17.27         (30.64

Total from investment operations

     5.19         (3.90      6.72         18.53         (28.82

Dividends to shareholders:

              

Net investment income

     (1.52      (1.80      (1.61      (1.39      (2.23

Net asset value, end of year

   $ 51.77       $ 48.10       $ 53.80       $ 48.69       $ 31.55   

TOTAL RETURN3

     11.32      (7.21 )%       14.38      59.59      (46.43 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 119,069       $ 105,823       $ 156,006       $ 146,069       $ 88,334   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     3.23 %5       3.69      3.14      2.88      3.80

Portfolio turnover rate6

     38      47      40      49      32
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 expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

4 

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

 

5 

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.

 

134   WisdomTree International Dividend and Sector Funds


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 SmallCap
Dividend Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 49.33       $ 53.15       $ 46.98       $ 29.08       $ 61.11   

Investment operations:

              

Net investment income1

     1.82         1.77         1.43         1.20         1.91   

Net realized and unrealized gain (loss)

     6.09         (3.66      6.14         17.91         (31.83

Total from investment operations

     7.91         (1.89      7.57         19.11         (29.92

Dividends to shareholders:

              

Net investment income

     (1.86      (1.93      (1.40      (1.21      (2.11

Net asset value, end of year

   $ 55.38       $ 49.33       $ 53.15       $ 46.98       $ 29.08   

TOTAL RETURN2

     16.78      (3.41 )%       16.64      66.50      (49.23 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 562,133       $ 424,264       $ 475,703       $ 429,870       $ 244,307   

Ratios to average net assets3 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %4       0.58      0.58      0.58      0.58

Net investment income

     3.76 %4       3.65      2.99      2.87      4.31

Portfolio turnover rate5

     56      52      55      63      43

 

           
WisdomTree Emerging Markets
Equity Income Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 57.34       $ 60.51       $ 52.02       $ 31.11       $ 51.82   

Investment operations:

              

Net investment income1

     1.78         2.25         1.89         1.48         2.01   

Net realized and unrealized gain (loss)

     (2.50      (3.11      8.55         21.00         (20.76

Total from investment operations

     (0.72      (0.86      10.44         22.48         (18.75

Dividends to shareholders:

              

Net investment income

     (1.81      (2.31      (1.95      (1.57      (1.96

Net asset value, end of year

   $ 54.81       $ 57.34       $ 60.51       $ 52.02       $ 31.11   

TOTAL RETURN2

     (1.05 )%       (1.03 )%       20.75      73.33      (36.21 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 5,475,068       $ 3,640,891       $ 1,325,257       $ 540,990       $ 177,355   

Ratios to average net assets of:

              

Expenses, net of expense reimbursements/waivers

     0.63 %4       0.63      0.63      0.63      0.63

Expenses, prior to expense reimbursements/waivers

     0.63 %4       0.63      0.63      0.63      0.63

Net investment income

     3.32 %4       4.12      3.47      3.26      4.96

Portfolio turnover rate5

     47      37      33      44      67
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 expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

3 

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

 

4 

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      135   


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 47.80       $ 53.30       $ 44.51       $ 24.62       $ 43.95   

Investment operations:

              

Net investment income1

     1.15         1.47         1.32         1.02         1.56   

Net realized and unrealized gain (loss)

     3.69         (5.31      8.86         20.00         (19.57

Total from investment operations

     4.84         (3.84      10.18         21.02         (18.01

Dividends to shareholders:

              

Net investment income

     (1.46      (1.66      (1.39      (1.13      (1.32

Net asset value, end of year

   $ 51.18       $ 47.80       $ 53.30       $ 44.51       $ 24.62   

TOTAL RETURN2

     10.58      (6.88 )%       23.38      86.26      (40.81 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 1,474,099       $ 1,022,868       $ 927,463       $ 342,754       $ 51,706   

Ratios to average net assets3 of:

              

Expenses, net of expense reimbursements/waivers

     0.63 %4       0.63 %5       0.63 %5       0.63 %5       0.63

Expenses, prior to expense reimbursements/waivers

     0.63 %4       0.63      0.63      0.63      0.63

Net investment income

     2.49 %4       3.13      2.68      2.59      4.98

Portfolio turnover rate6

     44      53      35      38      64

 

           
WisdomTree Middle East Dividend
Fund
   For the
Year 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
     For the Period
July 16, 2008*
through
March 31, 2009
 

Net asset value, beginning of year

   $ 15.60       $ 16.31       $ 15.64       $ 12.13       $ 24.59   

Investment operations:

              

Net investment income1

     0.63         0.83         0.68         0.53         0.32   

Net realized and unrealized gain (loss)

     0.59         (0.61      0.49         3.68         (12.78

Total from investment operations

     1.22         0.22         1.17         4.21         (12.46

Dividends to shareholders:

              

Net investment income

     (0.71      (0.93      (0.50      (0.70        

Net asset value, end of period

   $ 16.11       $ 15.60       $ 16.31       $ 15.64       $ 12.13   

TOTAL RETURN2

     8.46      1.35      7.95      35.25      (50.67 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 14,498       $ 14,038       $ 19,571       $ 12,515       $ 7,279   

Ratios to average net assets3 of:

              

Expenses, net of expense reimbursements/waivers

     0.88 %4       0.88      0.88      0.88      0.88 %4 

Expenses, prior to expense reimbursements/waivers

     1.35 %4       1.83      2.17      1.30      1.49 %4 

Net investment income

     4.26 %4       5.31      4.33      3.63      2.86 %4 

Portfolio turnover rate6

     52      37      50      96      26
* 

Commencement of investment 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. The total return would have been lower if certain expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

3 

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

 

4

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 achieve 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.

 

136   WisdomTree International Dividend and Sector Funds


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
Year 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 period

   $ 43.93       $ 47.61       $ 47.72       $ 46.92   

Investment operations:

           

Net investment income2

     0.89         1.73         1.43         0.29   

Net realized and unrealized gain (loss)

     5.96         (3.84      (0.02      0.64   

Total from investment operations

     6.85         (2.11      1.41         0.93   

Dividends to shareholders:

           

Net investment income

     (0.92      (1.57      (1.52      (0.13

Capital gains

                             (0.00 )3 

Total dividends to shareholders

     (0.92      (1.57      (1.52      (0.13

Net asset value, end of period

   $ 49.86       $ 43.93       $ 47.61       $ 47.72   

TOTAL RETURN4

     16.06      (4.41 )%       3.27      1.98

RATIOS/SUPPLEMENTAL DATA:

           

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

   $ 164,527       $ 21,963       $ 21,425       $ 9,545   

Ratios to average net assets6 of:

           

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.47 %5,8 

Expenses, prior to expense reimbursements/waivers

     0.73 %5       1.25      1.65      0.58 %5 

Net investment income

     2.01 %5       3.99      3.11      2.53 %5 

Portfolio turnover rate7

     43      42      38      79

 

           
WisdomTree Commodity Country
Equity Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 31.44       $ 33.21       $ 28.90       $ 16.04       $ 35.96   

Investment operations:

              

Net investment income2

     1.13         1.09         0.53         0.47         0.65   

Net realized and unrealized gain (loss)

     0.56         (1.76      4.33         12.80         (19.29

Total from investment operations

     1.69         (0.67      4.86         13.27         (18.64

Dividends to shareholders:

              

Net investment income

     (1.13      (1.10      (0.55      (0.41      (1.28

Net asset value, end of year

   $ 32.00       $ 31.44       $ 33.21       $ 28.90       $ 16.04   

TOTAL RETURN4

     5.72      (1.77 )%       17.31      83.44      (52.10 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 23,999       $ 31,439       $ 43,172       $ 49,137       $ 22,460   

Ratios to average net assets6 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     3.71 %5       3.52      1.86      1.91      2.21

Portfolio turnover rate7

     22      116      35      25      53
* Commencement of investment operations.

 

** This information reflects the investment objective and strategy of the WisdomTree International 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 expenes had not been reimbursed/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 Fund operated as a “funds of funds”.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      137   


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
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 25.16       $ 29.86       $ 24.63       $ 18.61       $ 31.98   

Investment operations:

              

Net investment income2

     0.80         0.93         0.72         0.80         1.01   

Net realized and unrealized gain (loss)

     (2.45      (4.74      5.19         6.07         (12.84

Total from investment operations

     (1.65      (3.81      5.91         6.87         (11.83

Dividends to shareholders:

              

Net investment income

     (0.82      (0.89      (0.68      (0.85      (1.54

Return of Capital

     (0.00 )8                                 

Total Distributions to Shareholders

     (0.82      (0.89      (0.68      (0.85      (1.54

Net asset value, end of year

   $ 22.69       $ 25.16       $ 29.86       $ 24.63       $ 18.61   

TOTAL RETURN3

     (6.55 )%       (12.70 )%       24.74      37.29      (37.05 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 24,964       $ 31,452       $ 49,273       $ 45,569       $ 22,332   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     3.45 %5       3.54      2.90      3.36      3.49

Portfolio turnover rate6

     38      99      32      16      38

 

           
WisdomTree Global ex-U.S.
Utilities Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 18.90       $ 21.33       $ 21.46       $ 17.78       $ 32.73   

Investment operations:

              

Net investment income2

     0.75         0.87         0.84         0.87         1.25   

Net realized and unrealized gain (loss)

     (1.06      (2.45      (0.06      3.77         (14.74

Total from investment operations

     (0.33      (1.58      0.78         4.64         (13.49

Dividends to shareholders:

              

Net investment income

     (0.74      (0.85      (0.91      (0.96      (1.46

Net asset value, end of year

   $ 17.83       $ 18.90       $ 21.33       $ 21.46       $ 17.78   

TOTAL RETURN3

     (1.54 )%       (7.41 )%       4.27      26.42      (42.00 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 37,434       $ 30,241       $ 37,335       $ 49,348       $ 28,455   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     4.21 %5       4.48      4.22      4.17      4.53

Portfolio turnover rate6

     33      66      19      17      50
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 intial 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 expense had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

4 

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

 

5 

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 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.

 

138   WisdomTree International Dividend and Sector Funds


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 Global ex-U.S. Real
Estate Fund
   For the
Year 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
     For the
Year Ended
March 31, 2009
 

Net asset value, beginning of year

   $ 26.40       $ 28.86       $ 26.75       $ 16.92       $ 41.84   

Investment operations:

              

Net investment income2

     0.97         1.15         0.96         0.96         1.35   

Net realized and unrealized gain (loss)

     4.87         (2.32      3.83         11.39         (25.46

Total from investment operations

     5.84         (1.17      4.79         12.35         (24.11

Dividends to shareholders:

              

Net investment income

     (2.34      (1.21      (2.68      (2.52      (0.81

Capital gains

             (0.08                        

Total dividends to shareholders

     (2.34      (1.29      (2.68      (2.52      (0.81

Net asset value, end of year

   $ 29.90       $ 26.40       $ 28.86       $ 26.75       $ 16.92   

TOTAL RETURN3

     22.62      (3.99 )%       18.81      74.20      (57.85 )% 

RATIOS/SUPPLEMENTAL DATA:

              

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

   $ 113,631       $ 108,221       $ 122,670       $ 84,276       $ 40,619   

Ratios to average net assets4 of:

              

Expenses, net of expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Expenses, prior to expense reimbursements/waivers

     0.58 %5       0.58      0.58      0.58      0.58

Net investment income

     3.42 %5       4.36      3.48      3.76      4.55

Portfolio turnover rate6

     23      43      18      19      35

 

   
WisdomTree China Dividend ex-Financials Fund    For the Period
September 19, 2012*
through
March 28, 2013
 

Net asset value, beginning of period

   $ 50.02   

Investment operations:

  

Net investment income (loss)2

     (0.14

Net realized and unrealized gain (loss)

     2.02   

Total from investment operations

     1.88   

Net asset value, end of period

   $ 51.90   

TOTAL RETURN3

     3.76

RATIOS/SUPPLEMENTAL DATA:

  

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

   $ 36,331   

Ratios to average net assets4 of:

  

Expenses, net of expense reimbursements/waivers

     0.63 %5 

Expenses, prior to expense reimbursements/waivers

     0.63 %5 

Net investment income (loss)

     (0.51 )%5 

Portfolio turnover rate6

     0
* Commencement of investment operations.

 

1 

This information reflects the investment objective and strategy of the WisdomTree International Real Estate 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 expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3).

 

4 

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

 

5 

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      139   


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 28, 2013, the Trust offered 47 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 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. Growth Fund (“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”)

(formerly, WisdomTree International 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

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.

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:

Guarantees — In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. Therefore, no liabilities have been recorded in connection to the indemnifications.

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.

 

140   WisdomTree International Dividend and Sector Funds


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. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in creation units, which are typically in blocks of 50,000 shares or more. Fund shares purchased or sold on a national securities exchange at market prices, which may be higher or lower 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. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. 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 prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. 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 valued in accordance with the Fund’s pricing policy and procedures. 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. 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. 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.

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 to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classifications 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 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; (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:

 

WisdomTree International Dividend and Sector Funds      141   


Notes to Financial Statements (continued)

 

Financial instruments are valued by 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 service providers’ internal models 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. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. 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, such as forward foreign currency 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 pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by a 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, spreads, interest rates, curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

WTAM, the investment adviser to each Fund and the Trust, has established a fair valuation committee (the “Valuation 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, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM 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. Determination of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Valuation Committee may employ a market-based valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Valuation 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 Valuation 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 Valuation 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 28, 2013 in valuing each Fund’s assets:

 

DEFA Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 455,161,981       $       $   

Rights

     17,061                   

Investment of Cash Collateral for Securities Loaned

             37,119,067           

Total

     455,179,042         37,119,067           

Unrealized Appreciation on Forward Foreign Currency Contracts

             528           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (1,091        

Total - Net

   $ 455,179,042       $ 37,118,504       $   

 

DEFA Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 6,023,957       $ 10,932       $   

Other*

     201,358,587                   

Exchange-Traded Funds

     465,814                   

Investment of Cash Collateral for Securities Loaned

             13,288,926           

Total

     207,848,358         13,299,858           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (152        

Total - Net

   $ 207,848,358       $ 13,299,706       $   

 

142   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

 

Global Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 102,835,204       $       $   

Exchange-Traded Funds

     168,903                   

Investment of Cash Collateral for Securities Loaned

             5,952,460           

Total

     103,004,107         5,952,460           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (298        

Total - Net

   $ 103,004,107       $ 5,952,162       $   

 

Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 3,206,203       $ 13,366       $ 28,694   

Other*

     57,278,647                   

Investment of Cash Collateral for Securities Loaned

             5,870,668           

Total

   $ 60,484,850       $ 5,884,034       $ 28,694   

 

Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 5,598,234,512       $       $   

Investment of Cash Collateral for Securities Loaned

             1,339,844,620           

Total

     5,598,234,512         1,339,844,620           

Unrealized Appreciation on Forward Foreign Currency Contracts

             82,367,988           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (17,187,959        

Total - Net

   $ 5,598,234,512       $ 1,405,024,649       $   

 

Global ex-U.S. Growth Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 86,626,943       $       $   

Exchange-Traded Funds & Notes

     1,098,667                   

Investment of Cash Collateral for Securities Loaned

             6,399,005           

Total

   $ 87,725,610       $ 6,399,005       $   

 

Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 190,414,344       $       $   

Investment of Cash Collateral for Securities Loaned

             31,073,274           

Total

     190,414,344         31,073,274           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (36        

Total - Net

   $ 190,414,344       $ 31,073,238       $   

 

Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 93,624,852       $       $   

Exchange-Traded Notes

     2,040,726                   

Investment of Cash Collateral for Securities Loaned

             1,172,426           

Total

   $ 95,665,578       $ 1,172,426       $   

 

Australia Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 76,494,993       $       $   

Investment of Cash Collateral for Securities Loaned

             8,530,037           

Total

   $ 76,494,993       $ 8,530,037       $   

 

WisdomTree International Dividend and Sector Funds      143   


Notes to Financial Statements (continued)

 

 

International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 209,336,153       $       $   

Exchange-Traded Funds

     675                   

Investment of Cash Collateral for Securities Loaned

             10,651,082           

Total

     209,336,828         10,651,082           

Unrealized Appreciation on Forward Foreign Currency Contracts

             310           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (649        

Total - Net

   $ 209,336,828       $ 10,650,743       $   

 

International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 348,025,570       $       $   

Exchange-Traded Funds

     27,106                   

Investment of Cash Collateral for Securities Loaned

             11,941,002           

Total

     348,052,676         11,941,002           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (203        

Total - Net

   $ 348,052,676       $ 11,940,799       $   

 

International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 117,579,667       $       $   

Exchange-Traded Funds

     380,817                   

Rights

     17,492                   

Investment of Cash Collateral for Securities Loaned

             16,024,791           

Total

     117,977,976         16,024,791           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (45        

Total - Net

   $ 117,977,976       $ 16,024,746       $   

 

International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Spain

   $ 19,658,865       $ 79,985       $ 53,746   

Other*

     537,070,392                   

Exchange-Traded Funds

     728,325                   

Investment of Cash Collateral for Securities Loaned

             90,214,278           

Total

     557,457,582         90,294,263         53,746   

Unrealized Appreciation on Forward Foreign Currency Contracts

             33           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (3,099        

Total - Net

   $ 557,457,582       $ 90,291,197       $ 53,746   

 

Emerging Markets Equity Income Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 5,454,354,396       $       $   

Investment of Cash Collateral for Securities Loaned

             348,330,706           

Total

     5,454,354,396         348,330,706           

Unrealized Appreciation on Forward Foreign Currency Contracts

             1,711           

Total - Net

   $ 5,454,354,396       $ 348,332,417       $   

 

144   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

 

Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

South Korea

   $ 134,339,065       $       $ 1,789,452   

Other*

     1,308,044,057                   

Exchange-Traded Funds & Notes

     11,425,061                   

Warrant

     120,166                   

Investment of Cash Collateral for Securities Loaned

             37,046,255           

Total

     1,453,928,349         37,046,255         1,789,452   

Unrealized Appreciation on Forward Foreign Currency Contracts

             1,446           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (12,139        

Total - Net

   $ 1,453,928,349       $ 37,035,562       $ 1,789,452   

 

Middle East Dividend Fund    Level 1      Level 2      Level 3  

Common Stocks

                          

Kuwait

   $ 2,492,914       $ 51       $   

Other*

     11,767,838                   

Total

     14,260,752         51           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (133        

Total - Net

   $ 14,260,752       $ (82    $   

 

Europe Hedged Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 164,866,437       $       $   

Investment of Cash Collateral for Securities Loaned

             1,034,570           

Total

     164,866,437         1,034,570           

Unrealized Appreciation on Forward Foreign Currency Contracts

             871,878           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (313,777        

Total - Net

   $ 164,866,437       $ 1,592,671       $   

 

Commodity Country Equity Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 23,841,916       $       $   

Exchange-Traded Fund

     3,702                   

Investment of Cash Collateral for Securities Loaned

             2,110,755           

Total

     23,845,618         2,110,755           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (21        

Total - Net

   $ 23,845,618       $ 2,110,734       $   

 

Global Natural Resources Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 24,743,694       $       $   

Exchange-Traded Funds & Notes

     154,630                   

Investment of Cash Collateral for Securities Loaned

             3,346,854           

Total

     24,898,324         3,346,854           

Unrealized Appreciation on Forward Foreign Currency Contracts

              203            

Unrealized Depreciation on Forward Foreign Currency Contracts

             (30        

Total - Net

   $ 24,898,324       $ 3,347,027       $   

 

WisdomTree International Dividend and Sector Funds      145   


Notes to Financial Statements (continued)

 

 

Global ex-U.S. Utilities Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 37,011,649       $       $   

Exchange-Traded Funds & Notes

     184,123                   

Investment of Cash Collateral for Securities Loaned

             2,114,993           

Total

     37,195,772         2,114,993           

Unrealized Appreciation on Forward Foreign Currency Contracts

             417           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (351        

Total - Net

   $ 37,195,772       $ 2,115,059       $   

 

Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Common Stocks*

   $ 113,207,595       $       $   

Investment of Cash Collateral for Securities Loaned

             9,768,233           

Total

     113,207,595         9,768,233           

Unrealized Depreciation on Forward Foreign Currency Contracts

             (790        

Total - Net

   $ 113,207,595       $ 9,767,443       $   

 

China Dividend ex-Financials    Level 1      Level 2      Level 3  

Common Stocks*

   $ 36,269,131       $       $   

Investment of Cash Collateral for Securities Loaned

             2,342,915           

Total

   $ 36,269,131       $ 2,342,915       $   

 

  *Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country.

The following is a summary of transfers between Level 1 and Level 2 fair value measurements that occurred during the year ended March 28, 2013. All transfers between Level 1 and Level 2 fair value measurements are done using the beginning of period method.

 

Fund    Transfers from
Level 1 to Level 21
     Transfers from
Level 2 to Level 12
 

DEFA Equity Income Fund

   $ 11,337       $   

Europe SmallCap Dividend Fund

   $ 13,862       $   

International SmallCap Dividend Fund

   $ 82,950       $   
  1

Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for identical investments.

 

  2

Transfers from Level 2 to Level 1 are as a result of the availability of a quoted price in an active market for identical investments.

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 28, 2013 which are detailed in the table 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 or net assets over a specified time period. If an event occurred at March 28, 2013 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. At March 28, 2013, 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 ended March 28, 2013, which are detailed in the table herein. All of the derivative instruments disclosed and described herein are subject to 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 and

 

146   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

financial performance as reflected in the Statements of Assets and Liabilities and Statements of Operations are presented in the summary below.

 

Fund

    Derivative Type

   Asset Derivatives      Liability Derivatives  
   Balance Sheet Location    Value      Balance Sheet Location    Value  

DEFA Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts    $ 528       Unrealized depreciation on forward foreign currency contracts    $ 1,091   

DEFA Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      152   

Global Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      298   

Japan Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      82,367,988       Unrealized depreciation on forward foreign currency contracts      17,187,959   

Japan SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      36   

International LargeCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      310       Unrealized depreciation on forward foreign currency contracts      649   

International Dividend Fund ex-Financials Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      203   

International MidCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      45   

International SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      33       Unrealized depreciation on forward foreign currency contracts      3,099   

Emerging Markets Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      1,711       Unrealized depreciation on forward foreign currency contracts        

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      1,446       Unrealized depreciation on forward foreign currency contracts      12,139   

Middle East Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      133   

Europe Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      871,878       Unrealized depreciation on forward foreign currency contracts      313,777   

Commodity Country Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      21   

Global Natural Resources Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      203       Unrealized depreciation on forward foreign currency contracts      30   

Global ex-U.S. Utilities Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      417       Unrealized depreciation on forward foreign currency contracts      351   

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts            Unrealized depreciation on forward foreign currency contracts      790   

 

WisdomTree International Dividend and Sector Funds      147   


Notes to Financial Statements (continued)

 

Gain or Loss associated with derivatives throughtout the year ended March 28, 2013 are as follows:

 

Fund

    Derivative Type

   Amount of Realized
Gain or (Loss)
Recognized1
     Change in Unrealized
Appreciation or (Depreciation)
Derivatives Recognized2
 

DEFA Fund

     

Foreign exchange contracts

   $ (73,609    $ (563

DEFA Equity Income Fund

     

Foreign exchange contracts

     (28,236      (270

Global Equity Income Fund

     

Foreign exchange contracts

     (5,663      (355

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     4,673         (465

Japan Hedged Equity Fund

     

Foreign exchange contracts

     147,426,135         56,722,501   

Global ex-U.S. Growth Fund

     

Foreign exchange contracts

     (47,557      16   

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     6,973         (831

Asia Pacific ex-Japan Fund

     

Foreign exchange contracts

     (34,285        

Australia Dividend Fund

     

Foreign exchange contracts

     1,978           

International LargeCap Dividend Fund

     

Foreign exchange contracts

     (40,958      (339

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (241,506      (203

International MidCap Dividend Fund

     

Foreign exchange contracts

     6,870         (45

International SmallCap Dividend Fund

     

Foreign exchange contracts

     602,197         (2,677

Emerging Markets Equity Income Fund

     

Foreign exchange contracts

     (3,228,042      19,131   

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     188,201         (15,271

Middle East Dividend Fund

     

Foreign exchange contracts

     (8,231      (117

Europe Hedged Equity Fund

     

Foreign exchange contracts

     376,571         375,868   

Commodity Country Equity Fund

     

Foreign exchange contracts

     (10,472      (22

Global Natural Resources Fund

     

Foreign exchange contracts

     (13,703      171   

Global ex-U.S. Utilities Fund

     

Foreign exchange contracts

     22,860         66   

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     (83,974      186   

China Dividend ex-Financials Fund

     

Foreign exchange contracts

     (81        

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.

 

148   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

During the fiscal year ended March 28, 2013, the volume of derivative activity by average notional for the Funds was as follows:

 

      Average Notional  

Fund

    Derivative Type

   Forward foreign
currency contracts
(to deliver)
     Forward foreign
currency contracts
(to receive)
 

DEFA Fund

     

Forward exchange contracts

   $ 17,911       $ 102,769   

DEFA Equity Income Fund

     

Forward exchange contracts

             73,072   

Global Equity Income Fund

     

Forward exchange contracts

     3,542         22,858   

Europe SmallCap Dividend Fund

     

Forward exchange contracts

     5,507         7,567   

Japan Hedged Equity Fund

     

Forward exchange contracts

     677,844,818         2,124,374,986   

Global ex-U.S. Growth Fund

     

Forward exchange contracts

     107,748         533   

Japan SmallCap Dividend Fund

     

Forward exchange contracts

     59,206         65,219   

Asia-Pacific ex-Japan Fund

     

Forward exchange contracts

     8,688           

Australia Dividend Fund

     

Forward exchange contracts

     5,770         2,326   

International LargeCap Dividend Fund

     

Forward exchange contracts

     7,522         64,828   

International Dividend ex-Financials Fund

     

Forward exchange contracts

     153,332         99,760   

International MidCap Dividend Fund

     

Forward exchange contracts

     19,875         32,425   

International SmallCap Dividend Fund

     

Forward exchange contracts

     85,227         226,252   

Emerging Markets Equity Income Fund

     

Forward exchange contracts

     2,802,479         348,023   

Emerging Markets SmallCap Dividend Fund

     

Forward exchange contracts

     1,096,312         721,207   

Middle East Dividend Fund

     

Forward exchange contracts

     7,992         19,509   

Europe Hedged Equity Fund

     

Forward exchange contracts

     22,461,122         58,106,750   

Commodity Country Equity Fund

     

Forward exchange contracts

             31,961   

Global Natural Resources Fund

     

Forward exchange contracts

     7,542         8,203   

Global ex-U.S. Utilities Fund

     

Forward exchange contracts

     24,617         27,787   

Global ex-U.S. Real Estate Fund

     

Forward exchange contracts

     39,280         38,973   

China Dividend ex-Financials Fund

     

Forward exchange contracts

     8,443         26,473   

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.

 

WisdomTree International Dividend and Sector Funds      149   


Notes to Financial Statements (continued)

 

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, WTAM has agreed to pay all expenses of each Fund, 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.

Prior to June 29, 2012, the Middle East Dividend Fund and Europe Hedged Equity Fund were responsible for paying their own expenses. WTAM had contractually agreed to limit total annual operating expenses from exceeding 0.88% and 0.58% of the average daily net assets for Middle East Dividend Fund and Europe Hedged Equity Fund, respectively. See Note 3 for more information on expenses.

Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.

Currency Transactions — The Funds may enter into forward foreign currency contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds, other than Japan Hedged Equity Fund and Europe 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.

The following Forward Contracts were open at March 28, 2013:

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 

DEFA Fund

                                               
   4/1/2013      USD        99,925         JPY        9,399,969       $ 53   
   4/2/2013      AUD        72,667         HKD        587,346         (96
   4/2/2013      DKK        376,407         USD        64,689         (147
   4/2/2013      GBP        235,183         EUR        278,475         475   
   4/2/2013      NZD        235,660         HKD        1,529,551         (443

 

150   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 
   4/2/2013      SEK        285,115         HKD        340,000       $ (51
   4/2/2013      SEK        480,000         USD        73,667         (156
   4/3/2013      EUR        59,135         SGD        93,959         (198
                                            $ (563

DEFA Equity Income Fund

                                               
   4/2/2013      AUD        44,921         USD        46,766       $ (66
   4/2/2013      EUR        31,552         USD        40,430         (86
                                            $ (152

Global Equity Income Fund

                                               
   4/1/2013      JPY        571,508         USD        6,070       $ (9
   4/2/2013      CAD        4,486         USD        4,414         (2
   4/3/2013      AUD        12,225         USD        12,726         (19
   4/3/2013      EUR        101,308         USD        129,846         (243
   4/3/2013      HKD        62,644         USD        8,070           
   4/3/2013      SEK        42,095         USD        6,449         (25
                                            $ (298

Japan Hedged Equity Fund

                                               
   4/3/2013      JPY        73,336,188,650         USD        794,766,328       $ 14,755,659   
   4/3/2013      JPY        77,195,988,053         USD        836,513,638         15,449,776   
   4/3/2013      JPY        67,007,165,380         USD        726,099,684         13,405,107   
   4/3/2013      JPY        63,656,981,987         USD        689,282,716         12,221,008   
   4/3/2013      JPY        1,098,710,842         USD        11,911,023         225,030   
   4/3/2013      JPY        52,107,291,936         USD        564,887,883         10,669,776   
   4/3/2013      JPY        52,676,324,262         USD        571,057,302         10,786,913   
   4/3/2013      JPY        3,186,206,480         USD        34,103,154         214,359   
   4/3/2013      JPY        1,131,688,656         USD        12,135,629         98,881   
   4/3/2013      JPY        8,128,160,946         USD        87,084,951         633,058   
   4/3/2013      JPY        1,320,624,050         USD        14,123,264         76,981   
   4/3/2013      JPY        7,452,436,373         USD        78,735,118         (529,703
   4/3/2013      JPY        7,665,509,695         USD        79,706,335         (1,824,754
   4/3/2013      JPY        8,753,548,550         USD        91,081,280         (2,022,294
   4/3/2013      JPY        13,254,012,530         USD        138,092,119         (2,878,817
   4/3/2013      JPY        3,358,286,546         USD        34,982,152         (736,903
   4/3/2013      JPY        5,121,912,567         USD        53,290,529         (1,186,620
   4/3/2013      JPY        5,934,632,476         USD        62,409,377         (711,938
   4/3/2013      JPY        6,216,226,367         USD        65,511,541         (604,833
   4/3/2013      JPY        195,759,969         USD        2,064,014         (18,108
   4/3/2013      JPY        18,325,954,547         USD        192,804,324         (2,112,270
   4/3/2013      JPY        1,813,367,557         USD        19,192,365         (94,785
   4/3/2013      JPY        2,173,512,769         USD        23,040,389         (77,300
   4/3/2013      JPY        3,782,967,509         USD        40,152,071         (83,931
   4/3/2013      USD        83,515,635         JPY        7,852,056,461         (888
   4/3/2013      USD        869,925,632         JPY        81,946,994,519         1,670,387   
   4/3/2013      USD        840,032,329         JPY        79,037,633,767         619,452   
   4/3/2013      USD        797,860,787         JPY        75,158,486,098         1,532,011   
   4/3/2013      USD        887,063,124         JPY        83,401,674,895         5,014   
   4/3/2013      USD        809,702,968         JPY        76,128,273,018         4,576   
   4/3/2013      USD        948,961,342         JPY        89,220,396,400         (4,730
   5/7/2013      JPY        90,661,616,054         USD        962,641,920         (1,860,322
   5/7/2013      JPY        87,442,860,454         USD        929,555,918         (703,641
   5/7/2013      JPY        83,151,186,322         USD        882,905,810         (1,696,838

 

WisdomTree International Dividend and Sector Funds      151   


Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 
   5/7/2013      JPY        1,846,443,054         USD        19,643,283       $ (74
   5/7/2013      JPY        92,270,993,854         USD        981,606,318         (17,266
   5/7/2013      JPY        84,224,104,857         USD        896,001,116         (15,761
   5/7/2013      JPY        98,708,505,053         USD        1,050,102,768         (6,183
                                            $ 65,180,029   

Japan SmallCap Dividend Fund

                                               
     4/1/2013      JPY        6,299,115         USD        66,962       $ (36

International LargeCap Dividend Fund

                                               
   4/2/2013      DKK        40,642         ILS        25,395       $ (13
   4/2/2013      EUR        59,000         JPY        7,118,013         (54
   4/2/2013      GBP        114,278         JPY        16,333,605         199   
   4/2/2013      SEK        376,124         JPY        5,430,892         (84
   4/2/2013      USD        97,792         JPY        9,202,109         82   
   4/3/2013      EUR        31,278         AUD        38,515         (11
   4/3/2013      EUR        36,693         CHF        44,645         29   
   4/3/2013      EUR        84,392         GBP        71,235         (201
   4/3/2013      EUR        89,160         JPY        10,756,794         (81
   4/3/2013      EUR        14,924         SGD        23,718         (45
   4/3/2013      EUR        80,000         USD        102,568         (160
                                            $ (339

International Dividend ex-Financials Fund

                                               
   4/2/2013      AUD        133,276         USD        138,776       $ (171
   4/2/2013      JPY        3,574,585         USD        37,988         (32
                                            $ (203

International MidCap Dividend Fund

                                               
     4/1/2013      JPY        8,053,756         USD        85,615       $ (45

International SmallCap Dividend Fund

                                               
   4/1/2013      SGD        169,000         USD        136,257       $ 33   
   4/2/2013      AUD        250,000         USD        260,268         (369
   4/2/2013      DKK        679,634         USD        116,471         (596
   4/2/2013      EUR        274,016         USD        350,000         (1,863
   4/2/2013      EUR        100,000         USD        128,139         (271
                                            $ (3,066

Emerging Markets Equity Income Fund

                                               
     4/1/2013      USD        246,448         MYR        768,424       $ 1,711   

Emerging Markets SmallCap Dividend Fund

                                               
   3/29/2013      USD        10,275         THB        300,432       $ (16
   3/29/2013      USD        480,008         KRW        533,672,476         (345
   3/29/2013      USD        1,152,367         TWD        34,453,472         (173
   4/1/2013      TRY        4,600,000         USD        2,537,511         (4,628
   4/1/2013      USD        790,954         BRL        1,588,235         (3,275
   4/1/2013      USD        1,041,634         MXN        12,867,935         1,220   
   4/1/2013      USD        854,337         MYR        2,644,172         (414
   4/2/2013      HKD        8,800,000         USD        1,133,612         (22
   4/3/2013      USD        395,771         BRL        798,467         226   
   4/3/2013      ZAR        6,000,000         USD        650,724         (3,266
                                            $ (10,693

Middle East Dividend Fund

                                               
   4/1/2013      EGP        139,572         USD        20,496       $ (20
   4/1/2013      EGP        385,148         USD        56,530         (83
   4/1/2013      MAD        24,490         USD        2,808         (26

 

152   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

Fund    Settlement Date           Contracts
To Deliver
            In
Exchange For
     Unrealized
Gain (Loss)
 
   4/2/2013      QAR        89,798         USD        24,660       $ (4
                                            $ (133

Europe Hedged Equity Fund

                                               
   4/3/2013      USD        117,090         EUR        91,263       $ 100   
   4/3/2013      USD        144,463         EUR        112,977         610   
   4/4/2013      EUR        7,889,504         USD        10,316,552         185,598   
   4/4/2013      EUR        7,889,504         USD        10,316,552         185,598   
   4/4/2013      EUR        7,889,504         USD        10,316,552         185,598   
   4/4/2013      EUR        7,889,504         USD        10,316,473         185,519   
   4/4/2013      EUR        1,867,801         USD        2,430,396         31,942   
   4/4/2013      EUR        1,935,693         USD        2,508,536         22,902   
   4/4/2013      EUR        38,103,593         USD        48,999,811         70,782   
   4/4/2013      EUR        25,740,522         USD        32,899,219         (154,325
   4/4/2013      EUR        25,740,522         USD        32,899,296         (154,247
   4/4/2013      USD        1,092,059         EUR        851,176         936   
   4/4/2013      USD        624,426         EUR        488,061         2,293   
   4/4/2013      USD        1,288,425         EUR        1,003,361         (11
   4/4/2013      USD        160,444,347         EUR        124,946,147         (327
   5/8/2013      EUR        127,896,570         USD        164,266,518         (4,867
                                            $ 558,101   

Commodity Country Equity Fund

                                               
   4/2/2013      CAD        2,376         USD        2,338       $ (1
   4/2/2013      NZD        12,304         USD        10,290         (20
                                            $ (21

Global Natural Resources Fund

                                               
   4/3/2013      USD        7,560         BRL        15,182       $ (30
   4/3/2013      USD        7,849         HKD        60,936         1   
   4/3/2013      USD        8,553         SGD        10,630         15   
   4/4/2013      USD        22,589         AUD        21,672         5   
   4/4/2013      USD        7,103         EUR        5,552         26   
   4/4/2013      USD        15,569         GBP        10,272         29   
   4/4/2013      USD        7,437         PLN        24,370         56   
   4/8/2013      USD        7,087         ZAR        65,666         71   
                                            $ 173   

Global ex-U.S. Utilities Fund

                                               
   4/1/2013      CAD        20,200         USD        19,851       $ (32
   4/1/2013      USD        45,096         JPY        4,258,449         197   
   4/1/2013      USD        14,586         MYR        45,145         (7
   4/1/2013      USD        12,836         THB        375,202         (24
   4/2/2013      USD        83,385         BRL        167,979         (77
   4/2/2013      USD        50,272         CAD        51,107         32   
   4/2/2013      USD        23,041         BRL        46,359         (50
   4/3/2013      EUR        206,500         USD        265,022         (144
   4/3/2013      USD        11,468         AUD        10,983         (17
   4/3/2013      USD        44,849         GBP        29,649         171   
   4/3/2013      USD        22,390         HKD        173,824         2   
   4/3/2013      USD        12,101         NZD        14,459         15   
                                            $ 66   

Global ex-U.S. Real Estate Fund

                                               
     4/5/2013      ZAR        562,469         USD        60,518       $ (790

 

WisdomTree International Dividend and Sector Funds      153   


Notes to Financial Statements (continued)

 

Currency Legend:

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CHF – Swiss franc

DKK – Danish krone

EGP – Egyptian pound

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

ILS – Israeli new shekel

JPY – Japanese yen

KRW – South Korean won

MAD – Moroccan dirham

MXN – Mexican peso

MYR – Malaysian ringgit

NZD – New Zealand dollar

PLN – Polish zloty

QAR – Qatari rial

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TRY – Turkish new lira

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

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. 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.

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, 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 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 to the extent of a shareholder’s tax basis, and thereafter as capital gain.

 

154   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

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, except China Dividend ex-Financials Fund. WTAM has arranged for Old Mutual Global Index Trackers (Proprietary) Limited (“Old Mutual”) to provide sub-advisory services to the China Dividend ex-Financials Fund. MCM and Old Mutual are compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund administration, securities lending, and all other non-distribution related services necessary for the Funds to operate. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds (other than for the Europe Hedged Equity Fund and Middle East Fund prior to June 29, 2012), except for certain expenses described in Note 2. On June 29, 2012, shareholders of the Europe Hedged Equity Fund and Middle East Fund approved a new advisory agreement. Like the other Wisdom Tree Funds, under the new advisory agreement, WTAM is responsible for paying all Fund expenses except for certain expenses described in Note 2. Prior to the respective shareholder approval date, the advisory fees were 0.48% for Europe Hedged Equity Fund and 0.68% for Middle East Fund, but the advisory fee did not cover other Fund expenses, and total operating expenses were capped at 0.58% and 0.88%, respectively.

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. 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
  * Prior to the respective shareholder approval date of the new advisory agreement on June 29, 2012, the advisory fee rate as a percentage of average daily net assets was 0.68% for the Middle East Fund and 0.48% for the Europe Hedged Equity Fund.

Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 28, 2013, WTAM waived its advisory fees for each of the Fund’s investment in 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. For Middle East Dividend Fund and Europe Hedged Equity Fund, WTAM waived a portion of its

 

WisdomTree International Dividend and Sector Funds      155   


Notes to Financial Statements (continued)

 

advisory fees to comply with expense limitations that were in place through June 29, 2012 for these 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/Expense
Reimbursements
 

DEFA Fund

   $ 2,004   

DEFA Equity Income Fund

     1,039   

Global Equity Income Fund

     79   

Europe SmallCap Dividend Fund

       

Japan Hedged Equity Fund

       

Global ex-U.S. Growth Fund

     1,062   

Japan SmallCap Dividend Fund

     280   

Asia Pacific ex-Japan Fund

     3,406   

Australia Dividend Fund

       

International LargeCap Dividend Fund

     992   

International Dividend ex-Financials Fund

     1,741   

International MidCap Dividend Fund

     870   

International SmallCap Dividend Fund

     1,555   

Emerging Markets Equity Income Fund

     387   

Emerging Markets SmallCap Dividend Fund

     26,184   

Middle East Dividend Fund

     59,230   

Europe Hedged Equity Fund

     40,324   

Commodity Country Equity Fund

       

Global Natural Resources Fund

     116   

Global ex-U.S. Utilities Fund

     117   

Global ex-U.S. Real Estate Fund

     576   

China Dividend ex-Financials Fund

       

4. CAPITAL SHARE TRANSACTIONS

As of March 28, 2013, 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.

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 28, 2013 were as follows:

 

Fund    Purchases      Sales  

DEFA Fund

   $ 82,157,905       $ 82,109,938   

DEFA Equity Income Fund

     55,927,399         55,598,958   

Global Equity Income Fund

     30,613,894         30,048,420   

Europe SmallCap Dividend Fund

     16,479,780         16,514,938   

Japan Hedged Equity Fund

     848,800,988         519,072,488   

Global ex-U.S. Growth Fund

     46,023,243         40,336,294   

Japan SmallCap Dividend Fund

     69,877,153         70,935,853   

Asia Pacific ex-Japan Fund

     23,450,768         23,575,041   

Australia Dividend Fund

     20,758,895         20,842,781   

International LargeCap Dividend Fund

     35,667,764         35,329,289   

International Dividend ex-Financials Fund

     168,418,196         168,452,861   

International MidCap Dividend Fund

     38,821,066         39,073,421   

 

156   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

Fund    Purchases      Sales  

International SmallCap Dividend Fund

   $ 246,851,688       $ 247,455,862   

Emerging Markets Equity Income Fund

     3,222,017,739         2,042,343,268   

Emerging Markets SmallCap Dividend Fund

     769,150,360         486,718,304   

Middle East Dividend Fund

     6,715,582         6,762,609   

Europe Hedged Equity Fund

     18,864,774         15,709,331   

Commodity Country Equity Fund

     5,866,672         7,725,623   

Global Natural Resources Fund

     10,308,408         10,514,269   

Global ex-U.S. Utilities Fund

     12,568,273         10,816,903   

Global ex-U.S. Real Estate Fund

     25,245,438         29,629,836   

China Dividend ex-Financials Fund

             125,789   

For the fiscal year ended March 28, 2013, the cost of purchases and the proceeds of sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Sales  

DEFA Fund

   $ 68,691,048       $ 26,400,306   

DEFA Equity Income Fund

     20,682,434           

Global Equity Income Fund

     6,003,963           

Europe SmallCap Dividend Fund

     29,752,393           

Japan Hedged Equity Fund

     4,566,769,244         131,032,600   

Global ex-U.S. Growth Fund

     29,562,753         3,945,059   

Japan SmallCap Dividend Fund

     33,555,491         45,465,262   

Asia Pacific ex-Japan Fund

     7,568,739         7,133,663   

Australia Dividend Fund

     11,088,406         5,730,647   

International LargeCap Dividend Fund

     29,603,262           

International Dividend ex-Financials Fund

     9,466,640         18,958,916   

International MidCap Dividend Fund

     10,265,762         4,448,874   

International SmallCap Dividend Fund

     85,874,734         6,616,116   

Emerging Markets Equity Income Fund

     1,077,691,708         273,873,703   

Emerging Markets SmallCap Dividend Fund

     179,912,638         124,927,529   

Middle East Dividend Fund

               

Europe Hedged Equity Fund

     157,827,288         20,888,075   

Commodity Country Equity Fund

             5,947,911   

Global Natural Resources Fund

             3,166,747   

Global ex-U.S. Utilities Fund

     7,082,793           

Global ex-U.S. Real Estate Fund

     4,719,734         12,669,943   

China Dividend ex-Financials Fund

     36,826,772           

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

6. FEDERAL INCOME TAXES

At March 28, 2013, 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

   $ 452,768,063       $ 71,160,381       $ (31,630,335    $ 39,530,046   

DEFA Equity Income Fund

     208,602,588         28,228,891         (15,683,263      12,545,628   

Global Equity Income Fund

     99,017,241         15,288,130         (5,348,804      9,939,326   

Europe SmallCap Dividend Fund

     62,292,241         6,807,971         (2,702,634      4,105,337   

Japan Hedged Equity Fund

     6,671,600,539         316,152,662         (63,050,800      253,101,862   

Global ex-U.S. Growth Fund

     88,069,413         9,403,657         (3,348,455      6,055,202   

Japan SmallCap Dividend Fund

     207,186,658         23,997,377         (9,696,417      14,300,960   

Asia Pacific ex-Japan Fund

     88,969,356         11,941,718         (4,073,070      7,868,648   

Australia Dividend Fund

     73,382,588         14,610,957         (2,968,515      11,642,442   

 

WisdomTree International Dividend and Sector Funds      157   


Notes to Financial Statements (continued)

 

Fund    Tax Cost      Gross
Unrealized
Appreciation
     Gross Unrealized
Depreciation
    

Net Unrealized

Appreciation

(Depreciation)

 

International LargeCap Dividend Fund

   $ 204,388,905       $ 29,286,689       $ (13,687,684    $ 15,599,005   

International Dividend ex-Financials Fund

     327,497,181         48,079,346         (15,582,849      32,496,497   

International MidCap Dividend Fund

     119,161,643         21,186,489         (6,345,365      14,841,124   

International SmallCap Dividend Fund

     553,941,225         109,835,537         (16,423,984      93,411,553   

Emerging Markets Equity Income Fund

     5,605,129,919         521,749,923         (324,194,740      197,555,183   

Emerging Markets SmallCap Dividend Fund

     1,282,886,241         269,858,734         (60,215,012      209,643,722   

Middle East Dividend Fund

     13,361,280         2,369,000         (1,469,477      899,523   

Europe Hedged Equity Fund

     161,845,393         4,772,579         (716,965      4,055,614   

Commodity Country Equity Fund

     25,418,680         2,650,563         (2,112,870      537,693   

Global Natural Resources Fund

     31,242,743         1,028,008         (4,025,573      (2,997,565

Global ex-U.S. Utilities Fund

     43,600,029         3,195,738         (7,485,002      (4,289,264

Global ex-U.S. Real Estate Fund

     117,888,403         8,813,979         (3,726,554      5,087,425   

China Dividend ex-Financials Fund

     39,046,747         1,824,744         (2,259,445      (434,701

At March 28, 2013, 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
Unrealized
Appreciation/
(Depreciation)
     Total Accumulated
Earnings/(Losses)
 

DEFA Fund

   $ 1,571,702       $ (243,909,694    $ 39,530,046       $ 11,817       $ (202,796,129

DEFA Equity Income Fund

     563,546         (90,489,108      12,545,628         5,312         (77,374,622

Global Equity Income Fund

     205,868         (24,587,507      9,939,326         639         (14,441,674

Europe SmallCap Dividend Fund

     313,355         (27,377,803      4,105,337         463         (22,958,648

Japan Hedged Equity Fund

     94,569,326         96,190,047         253,101,862         23,796         443,885,031   

Global ex-U.S. Growth Fund

     92,211         (21,367,070      6,055,202         (2,391      (15,222,048

Japan SmallCap Dividend Fund

     3,309,778         (23,845,532      14,300,960         (4,109      (6,238,903

Asia Pacific ex-Japan Fund

     16,633         (19,981,358      7,868,648         680         (12,095,397

Australia Dividend Fund

     82,181         (19,325,842      11,642,442         8,945         (7,592,274

International LargeCap Dividend Fund

     507,203         (56,204,524      15,599,005         6,557         (40,091,759

International Dividend ex-Financials Fund

     681,328         (178,457,688      32,496,497         (4,267      (145,284,130

International MidCap Dividend Fund

     470,377         (88,695,249      14,841,124         (926      (73,384,674

International SmallCap Dividend Fund

     6,573,669         (228,578,608      93,411,553         9,457         (128,583,929

Emerging Markets Equity Income Fund

     8,277,466         (300,619,310      197,555,183         20,253         (94,766,408

Emerging Markets SmallCap Dividend Fund

     6,144,328         (160,158,418      209,643,722         (15,923      55,613,709   

Middle East Dividend Fund

     52,406         (8,194,524      899,523         (197      (7,242,792

Europe Hedged Equity Fund

     34,782         (3,171,549      4,055,614         3,842         922,689   

Commodity Country Equity Fund

     65,686         (15,883,069      537,693         1,108         (15,278,582

Global Natural Resources Fund

             (15,579,242      (2,997,565      470         (18,576,337

Global ex-U.S. Utilities Fund

     62,739         (22,889,573      (4,289,264      (660      (27,116,758

Global ex-U.S. Real Estate Fund

     2,167,669         (55,195,926      5,087,425         614         (47,940,218

China Dividend ex-Financials Fund

             (53,080      (434,701      (1      (487,782

The tax character of distributions paid during the fiscal years ended March 28, 2013 and March 31, 2012, was as follows:

 

      Year Ended
March 28, 2013
     Year Ended
March 31, 2012
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

DEFA Fund

   $ 15,025,057       $       $ 16,801,126   

DEFA Equity Income Fund

     7,776,245                 6,808,884   

Global Equity Income Fund

     3,714,651                 3,425,601   

Europe SmallCap Dividend Fund

     1,076,479                 1,249,779   

 

158   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

      Year Ended
March 28, 2013
     Year Ended
March 31, 2012
 
Fund    Distributions Paid
from Ordinary
Income*
     Distributions Paid
from Return of
Capital
     Distributions Paid
from Ordinary
Income*
 

Japan Hedged Equity Fund

   $ 13,375,411       $       $ 9,560,131   

Global ex-U.S. Growth Fund

     1,788,342                 1,502,577   

Japan SmallCap Dividend Fund

     4,026,669                 4,623,191   

Asia Pacific ex-Japan Fund

     3,102,604                 2,604,968   

Australia Dividend Fund

     3,153,173                 3,116,253   

International LargeCap Dividend Fund

     6,637,277                 6,055,172   

International Dividend ex-Financials Fund

     15,069,853                 8,893,281   

International MidCap Dividend Fund

     3,330,617                 4,866,057   

International SmallCap Dividend Fund

     16,696,307                 16,614,951   

Emerging Markets Equity Income Fund

     143,743,128                 77,715,398   

Emerging Markets SmallCap Dividend Fund

     32,701,228                 29,482,802   

Middle East Dividend Fund

     643,257                 1,062,273   

Europe Hedged Equity Fund

     518,343                 714,387   

Commodity Country Equity Fund

     1,000,096                 1,222,114   

Global Natural Resources Fund

     956,648         3,704         1,347,737   

Global ex-U.S. Utilities Fund

     1,355,041                 1,419,373   

Global ex-U.S. Real Estate Fund

     8,639,126                 5,496,750   

China Dividend ex-Financials Fund

                       
  * Includes short-term capital gains.

At March 28, 2013, 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      $ 4,862,446      $ 14,415,364      $ 239,952,476   

DEFA Equity Income Fund

           972,353        24,469,991        41,582,445        7,637,372        3,431,644        10,900,046        88,993,851   

Global Equity Income Fund

                  5,329,783        15,414,669        807,956        1,247,361        1,296,034        24,095,803   

Europe SmallCap Dividend Fund

           801,152        6,092,078        16,382,086        2,102,724        1,064,532        559,221        27,001,793   

Japan Hedged Equity Fund

                                                       

Global ex-U.S. Growth Fund

           638,234        3,657,374        8,823,117               7,147,898        1,079,439        21,346,062   

Japan SmallCap Dividend Fund

    6,631        450,744        2,793,131        13,069,045        3,661,232        214,161        2,815,625        23,010,569   

Asia Pacific ex-Japan Fund

    2,486        434,717        1,942,155        11,545,171        2,148,087        1,723,704        2,185,038        19,981,358   

Australia Dividend Fund

           23,230        2,237,436        10,402,798        2,670,223        3,869,049        109,284        19,312,020   

International LargeCap Dividend Fund

    12,856        911,666        10,714,056        21,950,675        8,092,071        2,494,279        9,747,828        53,923,431   

International Dividend ex-Financials Fund

                  38,137,926        106,422,557               16,711,910        10,693,087        171,965,480   

International MidCap Dividend Fund

           2,200,353        10,045,031        49,400,362        11,183,904        4,451,056        11,414,543        88,695,249   

International SmallCap Dividend Fund

           2,417,649        31,684,635        176,126,796        6,365,431        10,851,159               227,445,670   

Emerging Markets Equity Income Fund

           166,963        3,240,763        32,150,807        561,494        264,028,647               300,148,674   

Emerging Markets SmallCap Dividend Fund

                  4,224,150        9,367,814        4,882,951        99,290,783        42,392,720        160,158,418   

Middle East Dividend Fund

                  41,648        6,522,827        763,315        75,362        791,372        8,194,524   

Europe Hedged Equity Fund

                         108,824        1,617,839        33,154        1,411,732        3,171,549   

Commodity Country Equity Fund

                         11,126,004        3,769,123        721,400        168,518        15,785,045   

Global Natural Resources Fund

           45,822        1,245,793        4,858,681        6,793,018        1,483,020        787,077        15,213,411   

Global ex-U.S. Utilities Fund

           13,301        1,722,994        5,793,876        1,986,702        502,829        12,796,730        22,816,432   

Global ex-U.S. Real Estate Fund

           261,244        12,351,482        23,011,711        10,538,886        516,698        8,211,015        54,891,036   

China Dividend ex-Financials 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.

 

WisdomTree International Dividend and Sector Funds      159   


Notes to Financial Statements (continued)

 

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 ended March 28, 2013, 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

           $ 212,820       $ 3,744,398   

DEFA Equity Income Fund

             240,710         1,254,547   

Global Equity Income Fund

             47,063         444,641   

Europe SmallCap Dividend Fund

             164,752         211,258   

Japan Hedged Equity Fund

                       

Global ex-U.S. Growth Fund

                     21,008   

Japan SmallCap Dividend Fund

                     834,963   

Asia Pacific ex-Japan Fund

                       

Australia Dividend Fund

                     13,822   

International LargeCap Dividend Fund

             46,612         2,234,481   

International Dividend ex-Financials Fund

             510,683         5,981,525   

International MidCap Dividend Fund

                       

International SmallCap Dividend Fund

                     1,132,938   

Emerging Markets Equity Income Fund

                     470,636   

Emerging Markets SmallCap Dividend Fund

                       

Middle East Dividend Fund

                       

Europe Hedged Equity Fund

                       

Commodity Country Equity Fund

                     98,024   

Global Natural Resources Fund

             53,706         312,125   

Global ex-U.S. Utilities Fund

                     73,141   

Global ex-U.S. Real Estate Fund

                     304,890   

China Dividend ex-Financials Fund

     53,080                   

During the fiscal year ended March 28, 2013, 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

       

Japan Hedged Equity Fund

     35,675,445   

Global ex-U.S. Growth Fund

       

Japan SmallCap Dividend Fund

     284,985   

Asia Pacific ex-Japan Fund

       

Australia Dividend Fund

       

International LargeCap Dividend Fund

       

International Dividend ex-Financials Fund

       

International MidCap Dividend Fund

       

International SmallCap Dividend Fund

       

Emerging Markets Equity Income Fund

       

Emerging Markets SmallCap Dividend Fund

       

 

160   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

During the fiscal year ended March 28, 2013, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforwards
 

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

       

China Dividend ex-Financials Fund

       

At March 28, 2013, 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

   $ 330,115       $ (4,716,374    $ 4,386,259   

DEFA Equity Income Fund

     (15,560      15,560           

Global Equity Income Fund

     (10,116      10,116           

Europe SmallCap Dividend Fund

     147,958         (147,958        

Japan Hedged Equity Fund

     6,792,194         (8,661,688      1,869,494   

Global ex-U.S. Growth Fund

     (8,155      (460,872      469,027   

Japan SmallCap Dividend Fund

     2,268,199         (5,593,320      3,325,121   

Asia Pacific ex-Japan Fund

     (2,918      (636,513      639,431   

Australia Dividend Fund

     1,851         (1,004,662      1,002,811   

International LargeCap Dividend Fund

     (11,146      11,146           

International Dividend ex-Financials Fund

     (83,776      (1,980,379      2,064,155   

International MidCap Dividend Fund

     105,857         (508,705      402,848   

International SmallCap Dividend Fund

     4,003,887         (4,787,724      783,837   

Emerging Markets Equity Income Fund

     3,082,672         (49,620,084      46,537,412   

Emerging Markets SmallCap Dividend Fund

     5,795,307         (40,244,785      34,449,478   

Middle East Dividend Fund

     923         (923        

Europe Hedged Equity Fund

     (50,621      (1,409,821      1,460,442   

Commodity Country Equity Fund

     (9,516      (388,852      398,368   

Global Natural Resources Fund

     (468      48,286         (47,818

Global ex-U.S. Utilities Fund

     (18,505      20,514         (2,009

Global ex-U.S. Real Estate Fund

     1,987,133         (2,572,128      584,995   

China Dividend ex-Financials Fund

     23,251         (2,781      (20,470

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, and non-dividend distributions from underlying investments and the tax treatment of net operating losses.

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 28, 2013, 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, 2013, remains subject to examination by taxing authorities.

Appropriate tax adjustments have been made to the tax cost of investments, accumulated earnings on a tax basis, capital loss carryforwards, post-October losses and utilized capital loss carryforwards in accordance with March 31, 2013, the tax year end of the Funds.

 

WisdomTree International Dividend and Sector Funds      161   


Notes to Financial Statements (continued)

 

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 ended March 28, 2013 are as follows:

 

Fund

    Affiliates

   Value at
03/31/2012
     Purchases/
Additions
     Sales/
Reductions
     Value at
03/28/2013
     Dividend
Income
 

DEFA Fund

                                            

WisdomTree International Dividend ex-Financials Fund

   $ 388,791       $ 12,927,879       $ 13,328,641       $       $ 94,723   

DEFA Equity Income Fund

                                            

WisdomTree International LargeCap Dividend Fund

   $ 820,710       $ 6,267,015       $ 6,658,663       $ 465,814       $ 24,564   

Global Equity Income Fund

                                            

WisdomTree DEFA Equity Income Fund

   $ 178,611       $ 2,240,502       $ 2,301,808       $ 126,313       $ 10,392   

WisdomTree Equity Income Fund

     59,494         746,826         768,585         42,590         2,083   

Total

   $ 238,105       $ 2,987,328       $ 3,070,393       $ 168,903       $ 12,475   

Europe SmallCap Dividend Fund

                                            

WisdomTree International MidCap Dividend Fund

   $ 1,251       $ 480,623       $ 491,681       $       $ 1,652   

Global ex-U.S. Growth Fund

                                            

WisdomTree DEFA Fund

   $ 70,044       $ 760,592       $ 820,995       $ 4,038       $ 5,060   

WisdomTree Emerging Markets Equity Income Fund

     46,606         508,056         541,573         2,588         3,008   

WisdomTree India Earnings Fund

     268,744         404,625         651,371                 1,722   

Total

   $ 385,394       $ 1,673,273       $ 2,013,939       $ 6,626       $ 9,790   

Japan SmallCap Dividend Fund

                                            

WisdomTree Japan Hedged Equity Fund

   $       $ 3,073,684       $ 3,150,277       $       $ 961   

Asia Pacific ex-Japan Fund

                                            

WisdomTree Global ex-U.S. Real Estate Fund

   $       $ 1,668,229       $ 1,691,274       $       $ 14,110   

WisdomTree India Earnings Fund

     2,198,209         66,930         2,014,107                 4,741   

Total

   $ 2,198,209       $ 1,735,159       $ 3,705,381       $       $ 18,851   

International LargeCap Dividend Fund

                                            

WisdomTree International MidCap Dividend Fund

   $ 30,021       $ 4,591,067       $ 4,671,242       $ 675       $ 18,497   

International Dividend ex-Financials Fund

                                            

WisdomTree International LargeCap Dividend Fund

   $ 5,215       $ 6,965,566       $ 6,978,343       $ 27,106       $ 30,213   

International MidCap Dividend Fund

                                            

WisdomTree Australia Dividend Fund

   $ 41,611       $ 1,580,570       $ 1,437,315       $ 187,198       $ 10,504   

WisdomTree Japan Hedged Equity Fund

     41,402         1,587,363         1,499,948         193,619         4,535   

Total

   $ 83,013       $ 3,167,933       $ 2,937,263       $ 380,817       $ 15,039   

International SmallCap Dividend Fund

                                            

WisdomTree Europe SmallCap Dividend Fund

   $ 126,577       $ 2,454,233       $ 2,257,656       $ 400,395       $ 6,059   

WisdomTree Japan SmallCap Dividend Fund

     105,609         2,049,332         1,834,625         327,930         3,393   

Total

   $ 232,186       $ 4,503,565       $ 4,092,281       $ 728,325       $ 9,452   

Emerging Markets Equity Income Fund

                                            

WisdomTree Global Equity Income Fund

   $ 2,136,100       $       $ 2,033,841       $       $   

Emerging Markets SmallCap Dividend Fund

                                            

WisdomTree Emerging Markets Equity Income Fund

   $ 831,370       $ 14,980,854       $ 16,489,572       $ 15,582       $ 31,113   

WisdomTree India Earnings Fund

     7,457,099         5,578,398         12,225,137                 18,946   

Total

   $ 8,288,469       $ 20,559,252       $ 28,714,709       $ 15,582       $ 50,059   

Europe Hedged Equity Fund

                                            

WisdomTree DEFA Fund

   $ 34,707       $ 495,793       $ 536,966       $       $ 3,974   

 

162   WisdomTree International Dividend and Sector Funds


Notes to Financial Statements (continued)

 

Fund

    Affiliates

   Value at
03/31/2012
     Purchases/
Additions
     Sales/
Reductions
     Value at
03/28/2013
     Dividend
Income
 

Commodity Country Equity Fund

                                            

WisdomTree Global Natural Resources Fund

   $ 12,952       $ 698,468       $ 694,111       $ 3,702       $ 2,661   

Global Natural Resources Fund

                                            

WisdomTree Global Equity Income Fund

   $       $ 632,942       $ 609,475       $ 26,991       $ 2,063   

WisdomTree India Earnings Fund

     175,429                 155,357                 412   

Total

   $ 175,429       $ 632,942       $ 764,832       $ 26,991       $ 2,475   

Global ex-U.S. Utilities Fund

                                            

WisdomTree Global ex-U.S. Real Estate Fund

   $       $ 904,738       $ 906,259       $ 1,383       $ 6,376   

WisdomTree India Earnings Fund

     158,501                 140,878                 372   

Total

   $ 158,501       $ 904,738       $ 1,047,137       $ 1,383       $ 6,748   

Global ex-U.S. Real Estate Fund

                                            

WisdomTree Global Natural Resources Fund

   $       $ 2,368,298       $ 2,330,240       $       $ 7,384   

8. NEW ACCOUNTING PRONOUNCEMENTS

In December 2011, FASB issued Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). These disclosures are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparisons between those entities that prepare their financial statements on the basis of US 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 effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.

On January 31, 2013, FASB issued Accounting Standards Update No. 2013-01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”). ASU 2013-01 limits the scope of the new balance sheet offsetting disclosures 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. The disclosures are required irrespective of whether the transactions are offset in the statement of assets and liabilities. The effective date and transition of the disclosure requirements in ASU 2011-11 remain unchanged.

At this time, management is evaluating the implications of ASU 2011-11 and ASU 2013-01 and their impact on the Trust’s financial statements.

9. LEGAL MATTER

On December 1, 2011, Research Affiliates, LLC (“Research Affiliates”) filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its parent company, WisdomTree Investments, along with other parties, as defendants. The complaint alleged that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint sought both unspecified monetary damages to be determined and an injunction to prevent further infringement.

On November 7, 2012, Research Affiliates agreed to withdraw its suit and defendants agreed to withdraw their counterclaims and entered into a settlement agreement. Under the settlement, all parties exchanged releases for all existing claims. The other material terms of the settlement are as follows:

 

   

Research Affiliates agreed not to sue the Trust, WTAM and WisdomTree Investments (the “WisdomTree Parties”) for any future claims arising under any current patents held by Research Affiliates, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by Research Affiliates within the next eight years, subject to reduction by up to three years if Research Affiliates is acquired. The covenant not to sue extends to service providers and customers of the WisdomTree Parties in connection with their products and services.

 

WisdomTree International Dividend and Sector Funds      163   


Notes to Financial Statements (continued)

 

 

   

The WisdomTree Parties agreed not to sue Research Affiliates for any future claims arising under any current patents held by the WisdomTree Parties, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by the WisdomTree Parties within the next eight years, subject to reduction by up to three years if any of the WisdomTree Parties are acquired. The covenant not to sue extends to service providers and customers of Research Affiliates in connection with Research Affiliates’ products and services.

 

   

Research Affiliates and the WisdomTree Parties agreed that the covenants not to sue do not include a right under each party’s patents to copy the other party’s methodologies. They have further agreed that it is not copying if Research Affiliates introduces an index or strategy that uses at least three fundamental factors to weight its indexes and they are not predominantly dividend-or earnings-weighted, or any of the WisdomTree Parties introduces an index or strategy that is weighted by less than three fundamental factors.

 

   

The parties also agreed not to challenge the other party’s patents or patent applications.

 

   

Research Affiliates agreed to a one-time payment of $0.7 million to WisdomTree Investments. The WisdomTree Parties and the other defendants were not required to make any current or future payments to Research Affiliates.

All other terms of the settlement are confidential and the settlement will not affect the current methodologies and fees for any of the Trust’s Funds.

WTAM and WisdomTree Investments had previously contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint so the Trust incurred no out-of-pocket expense in connection with this lawsuit.

 

164   WisdomTree International Dividend and Sector Funds


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. 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 (formerly, WisdomTree International 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 and WisdomTree China Dividend ex-Financials Fund (twenty-two of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 28, 2013, 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 28, 2013, 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. 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 (formerly, WisdomTree International 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 and WisdomTree China Dividend ex-Financials Fund of WisdomTree Trust at March 28, 2013, the results of their operations, the changes in their net assets and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 28, 2013

 

WisdomTree International Dividend and Sector Funds      165   


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

 

Approval of the Investment Advisory Agreement between the Trust and WTAM. The Trust and WTAM have entered into an investment advisory agreement, dated November 20, 2012, covering each of the Funds (the “Investment Advisory Agreement”). At a meeting held on March 1, 2012, the Board of Trustees approved the Investment Advisory Agreement to go into effect in the event of a change in control of WTAM with respect to each of the Funds, except the WisdomTree China Dividend Ex-Financials Fund (as discussed below). Subsequently, the Investment Advisory Agreement was approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. A change in control of WTAM took place on November 20, 2012, and the Investment Advisory Agreement became effective on that same date. The Investment Advisory Agreement approved by the Board of Trustees has fees, services and terms that are identical to the fees, services and terms of the investment advisory agreement between the Trust and WTAM that was in effect immediately prior to the change in control.

In approving the Investment Advisory Agreement, the Board of Trustees reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality, and extent of the services to be provided by WTAM to the Funds; (ii) Fund expenses and the investment performance of the Funds and WTAM; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationships with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; and (v) whether the fee levels reflect these economies of scale for the benefit of investors.

The Board of Trustees also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board of Trustees also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Advisers, oversight of the Sub-Advisers’ 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.

The Board of Trustees gave substantial consideration to the fees payable to WTAM. The Board of Trustees examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board of Trustees concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board of Trustees evaluated WTAM’s costs and profitability in serving as investment adviser to the existing Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Advisers.

Approval of the Sub-Advisory Agreement between WTAM and MCM. At the March 1, 2012 Board Meeting, the Board of Trustees also approved new sub-advisory agreements between WTAM and MCM to go into effect in the event of a change in control of WTAM, using many of the same considerations it used in connection with the approval of the Investment Advisory Agreement, as well as consideration of 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 sub-advisory agreements approved on March 1, 2012 had fees, services and terms that were identical to the fees, services and terms of the sub-advisory agreements between WTAM and MCM that were in effect on the date of the March 1, 2012 meeting, with the Board noting that WTAM, not the Funds, pays the fees to MCM under the sub-advisory agreement for each Fund. Subsequently, the new sub-advisory agreements were approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. At the same special meeting and adjournment, the shareholders approved manager of managers relief for each of the Funds, which permits WTAM and the Funds to retain sub-advisers and amend sub-advisory contracts without shareholder approval, subject to certain conditions. As noted above, a change in control of WTAM took place on November 20, 2012, and the new sub-advisory agreements approved by the Board of Trustees on March 1, 2012 became effective on November 20, 2012.

Approval of the Investment Advisory Agreement between the Trust and WTAM with respect to the WisdomTree China Dividend Ex-Financials Fund. At a meeting held on June 13, 2012, the Board of Trustees, after approving organizational matters for the WisdomTree China Dividend Ex-Financials Fund, including an investment advisory agreement between the Trust and WTAM, approved an investment advisory agreement between the Trust and WTAM to go into effect in the event of a change in control of WTAM, using many of the same considerations it used in connection with the approval, at the same meeting, of the investment advisory agreement between the Trust and WTAM. The subsequently approved investment advisory agreement had fees, services and terms that were identical to the fees, services and terms of the initially approved investment advisory agreement.

Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board of Trustees determined that the approval of the Investment Advisory Agreement and the sub-advisory agreements, as applicable, was in the best interests of each Fund. After full consideration of these and other factors, the Board of Trustees, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Investment Advisory Agreement and sub-advisory agreements, as applicable, for each Fund.

 

166   WisdomTree International Dividend and Sector Funds


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., 380 Madison Avenue, 21st Floor, New York, NY 10017.

Interested Trustee and Officers

 

Name
(year of birth)

 

Position

 

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/
Officer

Jonathan Steinberg (1964)   Trustee, President*   Trustee and Officer
since 2005
  President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc; Chief Executive Officer, WisdomTree Investments, Inc.     47     

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

David Castano*** (1971)   Treasurer*  

Officer
since 2013

  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.     47      None
Sarah English**
(1977)
  Secretary*   Officer
since 2012
  Counsel, WisdomTree Asset Management, Inc. since 2010; Attorney, NYFIX, Inc. 2006 to 2009.     47      None
Terry Jane Feld** (1960)   Chief Compliance Officer*   Officer
since 2012
  Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management, Inc. since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007.     47      None

 

+ As of March 28, 2013.

 

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

 

** Sarah English and Terry Jane Feld were elected as officers to the Trust by the Board of Trustees on October 5, 2012.

 

*** Elected as an officer to the Trust by the Board of Trustees effective January 1, 2013.

 

WisdomTree International Dividend and Sector Funds      167   


Trustees and Officers Information (unaudited) (concluded)

 

Independent Trustees

 

Name
(year of birth)

 

Position

 

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+
   

Other
Directorships
Held by Trustee

Joel Goldberg*

(1945)

  Trustee   Trustee since 2012   Attorney, Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010.     47      None

Toni Massaro

(1955)**

  Trustee  

Trustee

since 2006

  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 since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.     47      None

Victor Ugolyn

(1947)

  Trustee, Chairman of the Board of Trustees  

Trustee and Chairman

since 2006

  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 1991 to 2004.     47      Member of the Board of Directors of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame

 

+ As of March 28, 2013.

 

* Chair of the Governance and Nominating Committee. Joel Goldberg was appointed to the Board on October 5, 2012.

 

** Chair of the Audit Committee.

 

168   WisdomTree International Dividend and Sector Funds


Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year ended March 28, 2013, 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 2014.

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 28, 2013, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

Fund    Qualified Dividend
Income
 

 

  

 

 

 

DEFA Fund

   $ 7,571,993   

DEFA Equity Income Fund

     4,258,301   

Global Equity Income Fund

     2,357,671   

Europe SmallCap Dividend Fund

     741,162   

Japan Hedged Equity Fund

     13,003,783   

Global ex-U.S. Growth Fund

     746,299   

Japan SmallCap Dividend Fund

     3,365,780   

Asia Pacific ex-Japan Fund

     17,053,505   

Australia Dividend Fund

     2,153,923   

International LargeCap Dividend Fund

     3,517,279   

International Dividend ex-Financials Fund

     14,893,100   

International MidCap Dividend Fund

     1,817,138   

International SmallCap Dividend Fund

     9,568,749   

Emerging Markets Equity Income Fund

     63,706,405   

Emerging Markets SmallCap Dividend Fund

     15,392,766   

Middle East Dividend Fund

     328,836   

Europe Hedged Equity Fund

     298,926   

Commodity Country Equity Fund

     546,762   

Global Natural Resources Fund

     733,307   

Global ex-U.S. Utilities Fund

     554,998   

Global ex-U.S. Real Estate Fund

     2,753,871   

China Dividend ex-Financials Fund

       

The fund intends to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 28, 2013, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income
     Foreign Taxes
Paid
 

DEFA Fund

   $ 9,549,439       $ 455,862   

DEFA Equity Income Fund

     5,023,758         196,499   

Global Equity Income Fund

     2,419,949         158,346   

Europe SmallCap Dividend Fund

     1,041,399         88,614   

Japan Hedged Equity Fund

     59,975,469         4,277,209   

Global ex-U.S. Growth Fund

     1,729,540         150,956   

Japan SmallCap Dividend Fund

     3,559,222         252,388   

Asia Pacific ex-Japan Fund

     3,473,290         266,769   

Australia Dividend Fund

     2,151,767         21,828   

International LargeCap Dividend Fund

     4,233,501         183,418   

International Dividend ex-Financials Fund

     17,697,240         1,454,472   

International MidCap Dividend Fund

     2,294,053         135,680   

International SmallCap Dividend Fund

     13,746,728         861,540   

Emerging Markets Equity Income Fund

     174,877,962         20,344,453   

Emerging Markets SmallCap Dividend Fund

     37,765,441         5,366,466   

 

WisdomTree International Dividend and Sector Funds      169   


Supplemental Information (unaudited) (concluded)

 

Fund    Gross
Foreign
Income
     Foreign
Taxes Paid
 

Middle East Dividend Fund

   $ 694,095       $ 36,589   

Europe Hedged Equity Fund

     359,258         29,790   

Commodity Country Equity Fund

     949,653         105,767   

Global Natural Resources Fund

     738,029         73,222   

Global ex-U.S. Utilities Fund

     1,077,778         93,548   

Global ex-U.S. Real Estate Fund

     3,628,229         207,653   

China Dividend ex-Financials Fund

               

 

170   WisdomTree International Dividend and Sector Funds


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.

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.

 

WisdomTree International Dividend and Sector Funds      171   


The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 28, 2013:

 

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 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. 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 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 Funds

 

WisdomTree Brazilian Real Fund (BZF)

 

WisdomTree Chinese Yuan Fund (CYB)

 

WisdomTree Commodity Currency Fund (CCX)

 

WisdomTree Emerging Currency Fund (CEW)

 

WisdomTree Indian Rupee Fund (ICN)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

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 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.


WisdomTree Trust

380 Madison Avenue, 21st Floor

New York, NY 10017

 

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. 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)

(formerly, WisdomTree International 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 Fund shares are distributed by ALPS Distributors, Inc.

WIS005273 (05/2014)


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 Victor Ugolyn, 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 $785,733 for 2013 and $732,480 for 2012.

Audit-Related Fees

 

  (b)

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $0 for 2013 and $0 for 2012.


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 $396,220 for 2013 and $438,490 for 2012.

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 2013 and $0 for 2012.

 

(e)(1)

Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.

Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.

 

(e)(2)

The Registrant’s Audit Committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c) (7) (A) of Rule 2-01 of Regulation S-X.

 

  (f)

The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.

 

  (g)

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $436,220 for 2013 and $438,490 for 2012.

 

  (h)

Not applicable.


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 Toni Massaro, Victor Ugolyn, and Joel Goldberg.

 

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)).


  (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.

(12.other) Not applicable.


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 7, 2013

 

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 7, 2013

By (Signature and Title)*  

/s/ David Castano

 

David Castano, Treasurer

 

(principal financial officer)

Date  

    June 7, 2013

 

* Print the name and title of each signing officer under his or her signature.