Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-21864
WisdomTree Trust
(Exact name of registrant as specified in charter)
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 31, 2009
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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Table of Contents
| Item 1. | Report(s) to Stockholders. |
The Trust’s annual report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 is as follows:
Table of Contents
WisdomTree Trust
Domestic Dividend Funds
Annual Report
March 31, 2009
WisdomTree Total Dividend Fund
WisdomTree Equity Income Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend ex-Financials Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
Table of Contents
| 1 | ||
| 2 | ||
| 4 | ||
| 10 | ||
| Schedules of Investments | ||
| 12 | ||
| 21 | ||
| 25 | ||
| 29 | ||
| 31 | ||
| 36 | ||
| 43 | ||
| 44 | ||
| 45 | ||
| 47 | ||
| 50 | ||
| 55 | ||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
56 | |
| 57 | ||
| 58 | ||
| 60 | ||
| 61 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
Table of Contents
Dear Shareholders:
I wish there were more positive highlights to report for the funds of the WisdomTree Trust for the fiscal year that ended March 31, 2009. Unfortunately, the last 12 months represented one of the worst one-year periods for equity returns since the Great Depression.
U.S. stocks, as measured by the Russell 3000 Index, declined 38.20% through March 31, 2009. Stocks in developed and developing foreign markets, as measured by the MSCI EAFE Index and the MSCI Emerging Markets Index, respectively, fell by approximately 47% over the same period. Value stocks underperformed growth stocks in the U.S. and international markets. Financial stocks represented the worst performing sector in the U.S and in the developed world.
These factors impacted the returns of many of WisdomTree’s funds, both on an absolute and relative basis to comparable cap-weighted indexes. 17 of WisdomTree’s 40 equity funds with at least one-year track records outperformed their comparable capitalization-weighted benchmark in the fiscal year ended March 31, 2009. Yet, despite this past year’s formidable headwinds, 24 of WisdomTree’s 42 equity ETFs have outperformed their comparable benchmarks since inception. WisdomTree’s strongest relative showing occurred within the developing world. The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) outperformed their comparable cap-weighted benchmarks by 10.86 percentage points and 9.18 percentage points, respectively. WisdomTree’s weakest relative performance for the period was exhibited by the WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES), which underperformed the Russell 2000 Index by 7.77 percentage points.
WisdomTree also launched two innovative equity products in the past fiscal year. In July, WisdomTree introduced the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF), which gives investors exposure to eight equity markets in the Persian Gulf region. In December, WisdomTree launched the WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI), the industry’s first fundamentally weighted growth ETF. WisdomTree believes these funds give investors new ways to apply the fundamentally weighted concept across the full spectrum of equity investing, both domestically and internationally.
Though the challenging market environment has extended into 2009, the recent financial crisis has highlighted the potential benefits of ETFs. We believe that investors are placing ever more importance on the transparency, liquidity and tax efficiency that ETFs provide.
Thank you for your continued support.
Best regards,
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
This information is subject to change at any time based on market and other conditions and should not be construed as a recommendation of any specific security. Fund returns are quoted at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Past performance is no guarantee of future results.
The Russell 3000 Index measures the performance of the 3000 largest stocks in the U.S. market by market. The MSCI Emerging Markets Index is a market cap weighted index that is designed to measure equity market performance consisting of 25 emerging market country indexes. The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan. The Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index. You cannot directly invest in an index.
| WisdomTree Domestic Dividend Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance
Domestic Equity Funds
The six WisdomTree Trust domestic dividend ETFs give investors access to all major market capitalization segments of the U.S. equity market. The WisdomTree dividend-based ETFs are designed to offer investors alternatives to market capitalization-weighted index funds by tracking proprietary indexes that are weighted based on the dividends companies pay.
U.S. Market Overview
The U.S. equity market, measured by the Russell 3000 Index, S&P 500 Index, and Dow Jones Industrial Average, all popular benchmarks for U.S. equity markets, declined between 36% to 38% in the 12 months that ended March 31, 2009 (the “period”.) The fourth quarter of 2008 marked the largest quarterly retrenchment in U.S. equity prices since the fourth quarter of 1987. The market, as measured by Russell 3000 Index, then continued to slide a further 11% in the first quarter of 2009. Stocks retracted on continued tight credit, earnings concerns within a tepid operating environment, and from broader evidence of the U.S. economy’s continued faltering.
The equity markets’ significant retraction was caused by various factors including the credit crisis that was sparked by the bankruptcy of the investment bank, Lehman Brothers in September 2008. Banks became afraid to lend to each other, as fears spiraled that their money was not safe at any financial institution. As a result, borrowing rates on loans rose significantly, increasing the cost of doing business for companies all across the economy. Companies reacted by decreasing spending on investments and they began trimming their workforces in response to their higher cost of capital. Consumers, in turn, became more fearful of losing their jobs. Nervous employees started saving more and spending less, creating a downward spiral and even weaker economic environment. The unemployment rate rose to 8.1% in March of 2009, its highest level since 1983. Jobless claims spiked above 670,000, marking the breadth of the U.S. recession.
Summary of Fund Performance versus Capitalization-Weighted Benchmarks for Year ended March 31, 2009
| TICKER | WISDOMTREE FUND | 1 YEAR | CAPITALIZATION-WEIGHTED BENCHMARK INDEX |
1 YEAR | 1 YEAR FUND vs INDEX |
||||||||
| DLN |
WT LargeCap Dividend Fund | (41.25 | )% | S&P 500 Index | (38.09 | )% | (3.16 | )% | |||||
| DTD |
WT Total Dividend Fund | (41.29 | )% | Russell 3000 Index | (38.20 | )% | (3.09 | )% | |||||
| DON |
WT MidCap Dividend Fund | (41.61 | )% | S&P MidCap 400 Index | (36.09 | )% | (5.52 | )% | |||||
| DTN |
WT Dividend ex-Financials Fund† | (45.10 | )% | Dow Jones U.S. Select Dividend Index | (41.90 | )% | (3.20 | )% | |||||
| DES |
WT SmallCap Dividend Fund | (45.27 | )% | Russell 2000 Index | (37.50 | )% | (7.77 | )% | |||||
| DHS |
WT Equity Income Fund‡ | (49.06 | )% | Russell 1000 Value Index | (42.42 | )% | (6.64 | )% |
Under WisdomTree’s fundamentally weighted methodology, the financial sector had an above average weight in its proprietary indexes as compared to market-capitalization weighted indexes. This is because the financial sector historically has paid above average dividends. Because of the credit crises and resulting economic downturn, the financial sector was the worst-performing sector in the period, as banks took large write-downs to their balance sheets, and many were forced to cut their dividends to preserve capital. This created greater downward pressure on their stock prices as dividends no longer enticed investors to own the stocks.
Within the WisdomTree domestic dividend fund family, the funds that had the greatest exposure to financial stocks, the WisdomTree Equity Income Fund and the WisdomTree SmallCap Dividend Fund, had the worst performance in the period.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
| 2 | WisdomTree Domestic Dividend Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(concluded)
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses. 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 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.
The S&P 500 Index is the Standard & Poor’s composite index of 500 stocks; the Russell 3000 Index measures the performance of the 3,000 largest stocks in the U.S. market by market value; the S&P MidCap 400 Index is an group of 400 domestic stocks chosen for market size, liquidity and industry group representation; the Dow Jones U.S. Select Dividend Index is an index of 100 stocks selected from the Dow Jones Total Market Index with dividend growth screens and dividend yield screens; the Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index; the Russell 1000 Value Index measures the performance of Russell 1000 companies with lower price to book ratios and lower forecasted growth values. Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
| † | Formerly WisdomTree Dividend Top 100 Fund. Data representative of former investment objective. |
| ‡ | Formerly WisdomTree High-Yielding Equity Fund. |
| WisdomTree Domestic Dividend Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Total Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| AT&T, Inc. |
3.8% | |
| General Electric Co. |
3.6% | |
| Exxon Mobil Corp. |
3.3% | |
| Pfizer, Inc. |
3.1% | |
| Chevron Corp. |
2.2% | |
| JPMorgan Chase & Co. |
2.2% | |
| Verizon Communications, Inc. |
2.1% | |
| Johnson & Johnson |
2.0% | |
| Microsoft Corp. |
2.0% | |
| Bank of America Corp. |
1.9% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index.
The WisdomTree Total Dividend Fund (Ticker Symbol: DTD) returned (41.29)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 26.54% of the Fund and returns of (62.19)% over the period. The Fund’s decline was least affected by Telecommunication Services which returned (23.86)%, with an average weight of 5.77% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Dividend Index |
Russell 3000 Index | |||||||||
| One Year |
(41.29 | )% | (41.06 | )% | (41.15 | )% | (38.20 | )% | ||||
| Since Inception1 |
(15.14 | )% | (15.09 | )% | (14.90 | )% | (13.30 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Equity Income Fund
(Formerly WisdomTree High-Yielding Equity Fund)
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| AT&T, Inc. |
8.7% | |
| General Electric Co. |
8.2% | |
| Pfizer, Inc. |
7.0% | |
| JPMorgan Chase & Co. |
5.1% | |
| Verizon Communications, Inc. |
4.9% | |
| Bank of America Corp. |
4.4% | |
| Philip Morris International, Inc. |
3.8% | |
| Merck & Co., Inc. |
3.1% | |
| Altria Group, Inc. |
2.8% | |
| Wells Fargo & Co. |
2.6% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Equity Income Index.
The WisdomTree Equity Income Fund (Ticker Symbol: DHS) returned (49.06)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 46.61% of the Fund and returns of (64.27)% over the period. The Fund’s decline was least affected by Information Technology which returned (31.99)%, with an average weight of 0.57% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Equity Income Index |
Russell 1000 Value Index |
|||||||||
| One Year |
(49.06 | )% | (49.06 | )% | (49.03 | )% | (42.42 | )% | ||||
| Since Inception1 |
(21.07 | )% | (21.05 | )% | (21.01 | )% | (15.96 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| AT&T, Inc. |
4.4% | |
| General Electric Co. |
4.1% | |
| Exxon Mobil Corp. |
3.8% | |
| Pfizer, Inc. |
3.5% | |
| Chevron Corp. |
2.6% | |
| JPMorgan Chase & Co. |
2.6% | |
| Verizon Communications, Inc. |
2.5% | |
| Johnson & Johnson |
2.4% | |
| Microsoft Corp. |
2.3% | |
| Bank of America Corp. |
2.2% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree LargeCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index.
The WisdomTree LargeCap Dividend Fund (Ticker Symbol: DLN) returned (41.25)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 23.27% of the Fund and returns of (65.71)% over the period. The Fund’s decline was least affected by Utilities which returned (24.35)%, with an average weight of 5.85% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree LargeCap Dividend Index |
S&P 500 Index | |||||||||
| One Year |
(41.25 | )% | (41.14 | )% | (40.70 | )% | (38.09 | )% | ||||
| Since Inception1 |
(14.71 | )% | (14.74 | )% | (14.43 | )% | (13.03 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dividend ex-Financials Fund
(Formerly WisdomTree Dividend Top 100 Fund)
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Southern Copper Corp. |
2.4% | |
| Morgan Stanley |
2.3% | |
| Qwest Communications International, Inc. |
2.2% | |
| Embarq Corp. |
2.2% | |
| Windstream Corp. |
2.1% | |
| Bank of America Corp. |
2.0% | |
| Altria Group, Inc. |
1.8% | |
| CBS Corp. Class B |
1.8% | |
| Reynolds American, Inc. |
1.5% | |
| New York Community Bancorp, Inc. |
1.5% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Dividend ex-Financials Fund (formerly known as the WisdomTree Dividend Top 100 Fund), seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials Index. Effective May 7, 2009, the WisdomTree Dividend Top 100 Fund changed its investment objective and was renamed the WisdomTree Dividend ex-Financials Fund. The renamed Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials Index. The WisdomTree Dividend ex-Financials Index measures the performance of high dividend-yielding stocks outside the financial sector. The information presented on this page and throughout this financial report is reflective of the WisdomTree Dividend Top 100 Fund.
The WisdomTree Dividend ex-Financials Fund (Ticker Symbol: DTN) returned (45.10)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 36.31% of the Fund and returns of (65.29)% over the period. The Fund’s decline was least affected by Information Technology which returned (13.65)%, with an average weight of 2.57% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Dividend ex- Financials Index |
Dow Jones U.S. Select Dividend Index |
|||||||||
| One Year |
(45.10 | )% | (44.99 | )% | (44.93 | )% | (41.90 | )% | ||||
| Since Inception1 |
(17.23 | )% | (17.23 | )% | (17.04 | )% | (17.75 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| ProLogis |
1.7% | |
| CenturyTel, Inc |
1.4% | |
| Microchip Technology, Inc. |
1.2% | |
| Frontier Communications Corp. |
1.2% | |
| Hospitality Properties Trust |
1.1% | |
| NiSource, Inc. |
1.0% | |
| Ventas, Inc. |
1.0% | |
| Regal Entertainment Group Class A |
0.9% | |
| Masco Corp. |
0.9% | |
| Comerica, Inc. |
0.9% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree MidCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index.
The WisdomTree MidCap Dividend Fund (Ticker Symbol: DON) returned (41.61)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 41.03% of the Fund and returns of (50.00)% over the period. The Fund’s decline was least affected by Telecommunication Services which returned (18.96)%, with an average weight of 2.88% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree MidCap Dividend Index |
S&P MidCap 400 Index |
|||||||||
| One Year |
(41.61 | )% | (41.49 | )% | (41.91 | )% | (36.09 | )% | ||||
| Since Inception1 |
(17.34 | )% | (17.15 | )% | (18.04 | )% | (12.54 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| HRPT Properties Trust |
2.5% | |
| Ares Capital Corp. |
1.7% | |
| Student Loan Corp. (The) |
1.6% | |
| Cinemark Holdings, Inc. |
1.3% | |
| Vector Group Ltd. |
1.3% | |
| Barnes & Noble, Inc. |
1.1% | |
| Whiting USA Trust I |
1.0% | |
| CIT Group, Inc. |
0.9% | |
| BioMed Realty Trust, Inc. |
0.9% | |
| Williams-Sonoma, Inc. |
0.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend Index.
The WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES) returned (45.27)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 54.27% of the Fund and returns of (51.53)% over the period. The Fund’s decline was least affected by Health Care which returned (6.95)%, with an average weight of 1.26% of the Fund over the period.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree SmallCap Dividend Index |
Russell 2000 Index | |||||||||
| One Year |
(45.27 | )% | (44.99 | )% | (44.66 | )% | (37.50 | )% | ||||
| Since Inception1 |
(19.94 | )% | (19.80 | )% | (20.15 | )% | (15.04 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic Dividend Funds | 9 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2008 to March 31, 2009.
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 Period 10/01/08 to 3/31/09” 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.
| 10 | WisdomTree Domestic Dividend Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/08 |
Ending Account Value 3/31/09 |
Annualized Expense Ratio Based on the Period 10/01/08 to 3/31/09 |
Expenses Paid During the Period† 10/01/08 to 3/31/09 | |||||||||
| WisdomTree Total Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 650.05 | 0.28 | % | $ | 1.17 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.51 | 0.28 | % | $ | 1.43 | ||||
| WisdomTree Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 565.24 | 0.38 | % | $ | 1.50 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||
| WisdomTree LargeCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 659.17 | 0.28 | % | $ | 1.18 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.51 | 0.28 | % | $ | 1.43 | ||||
| WisdomTree Dividend ex-Financials Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 602.36 | 0.38 | % | $ | 1.54 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||
| WisdomTree MidCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 607.16 | 0.38 | % | $ | 1.54 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||
| WisdomTree SmallCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 556.18 | 0.38 | % | $ | 1.49 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.01 | 0.38 | % | $ | 1.94 | ||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
| WisdomTree Domestic Dividend Funds | 11 |
Table of Contents
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.4% | |||||
| Advertising – 0.1% | |||||
| Harte-Hanks, Inc. |
1,561 | $ | 8,351 | ||
| Omnicom Group, Inc. |
2,555 | 59,787 | |||
| Total Advertising | 68,138 | ||||
| Aerospace/Defense – 2.1% | |||||
| Boeing Co. |
10,796 | 384,122 | |||
| General Dynamics Corp. |
3,786 | 157,460 | |||
| Goodrich Corp. |
1,388 | 52,591 | |||
| L-3 Communications Holdings, Inc. |
818 | 55,460 | |||
| Lockheed Martin Corp. |
4,298 | 296,691 | |||
| Northrop Grumman Corp. |
4,754 | 207,465 | |||
| Raytheon Co. |
3,543 | 137,964 | |||
| Rockwell Collins, Inc. |
1,611 | 52,583 | |||
| United Technologies Corp. |
10,872 | 467,279 | |||
| Total Aerospace/Defense | 1,811,615 | ||||
| Agriculture – 3.8% | |||||
| Altria Group, Inc. |
65,863 | 1,055,125 | |||
| Archer-Daniels-Midland Co. |
4,590 | 127,510 | |||
| Lorillard, Inc.* |
4,153 | 256,406 | |||
| Philip Morris International, Inc. |
39,766 | 1,414,875 | |||
| Reynolds American, Inc. |
9,380 | 336,179 | |||
| Universal Corp. |
626 | 18,730 | |||
| Vector Group Ltd. |
3,231 | 41,971 | |||
| Total Agriculture | 3,250,796 | ||||
| Apparel – 0.3% | |||||
| Cherokee, Inc. |
607 | 9,469 | |||
| Columbia Sportswear Co. |
290 | 8,677 | |||
| Jones Apparel Group, Inc. |
3,458 | 14,593 | |||
| NIKE, Inc. Class B |
2,747 | 128,807 | |||
| VF Corp. |
1,782 | 101,770 | |||
| Wolverine World Wide, Inc. |
492 | 7,665 | |||
| Total Apparel | 270,981 | ||||
| Auto Manufacturers – 0.1% | |||||
| Oshkosh Corp. |
1,471 | 9,915 | |||
| PACCAR, Inc. |
3,591 | 92,504 | |||
| Total Auto Manufacturers | 102,419 | ||||
| Auto Parts & Equipment – 0.1% | |||||
| Cooper Tire & Rubber Co. |
1,989 | 8,036 | |||
| Johnson Controls, Inc. |
6,718 | 80,616 | |||
| WABCO Holdings, Inc. |
592 | 7,287 | |||
| Total Auto Parts & Equipment | 95,939 | ||||
| Banks – 10.5% | |||||
| 1st Source Corp. |
363 | 6,552 | |||
| Associated Banc-Corp |
3,353 | 51,770 | |||
| BancorpSouth, Inc. |
1,491 | 31,072 | |||
| Bank of America Corp. |
238,000 | 1,623,160 | |||
| Bank of Hawaii Corp. |
881 | 29,055 | |||
| Bank of New York Mellon Corp. (The) |
15,959 | 450,842 | |||
| BB&T Corp.(a) |
14,431 | 244,173 | |||
| BOK Financial Corp. |
630 | 21,766 | |||
| Investments | Shares | Value | |||
| Capital One Financial Corp. |
7,367 | $ | 90,172 | ||
| Cathay General Bancorp |
541 | 5,643 | |||
| Chemical Financial Corp. |
645 | 13,422 | |||
| City Holding Co. |
392 | 10,698 | |||
| City National Corp. |
868 | 29,312 | |||
| Comerica, Inc. |
4,121 | 75,455 | |||
| Commerce Bancshares, Inc. |
739 | 26,826 | |||
| Community Bank System, Inc. |
705 | 11,809 | |||
| Community Trust Bancorp, Inc. |
378 | 10,111 | |||
| Cullen/Frost Bankers, Inc. |
868 | 40,744 | |||
| CVB Financial Corp.(a) |
1,498 | 9,932 | |||
| East West Bancorp, Inc. |
806 | 3,683 | |||
| Fifth Third Bancorp(a) |
18,026 | 52,636 | |||
| First Busey Corp. |
865 | 6,712 | |||
| First Commonwealth Financial Corp. |
2,324 | 20,614 | |||
| First Financial Bancorp |
1,206 | 11,493 | |||
| First Financial Bankshares, Inc. |
345 | 16,619 | |||
| First Midwest Bancorp, Inc. |
1,394 | 11,974 | |||
| FirstMerit Corp. |
1,924 | 35,017 | |||
| FNB Corp. |
2,987 | 22,910 | |||
| Fulton Financial Corp. |
4,593 | 30,452 | |||
| Glacier Bancorp, Inc. |
916 | 14,390 | |||
| Goldman Sachs Group, Inc. (The) |
2,911 | 308,624 | |||
| Hancock Holding Co. |
400 | 12,512 | |||
| Harleysville National Corp. |
993 | 6,018 | |||
| Huntington Bancshares, Inc.(a) |
10,363 | 17,203 | |||
| Iberiabank Corp. |
164 | 7,534 | |||
| International Bancshares Corp. |
1,067 | 8,323 | |||
| JPMorgan Chase & Co. |
71,305 | 1,895,287 | |||
| KeyCorp |
5,983 | 47,086 | |||
| M&T Bank Corp.(a) |
2,151 | 97,311 | |||
| Marshall & Ilsley Corp. |
10,173 | 57,274 | |||
| MB Financial, Inc. |
506 | 6,882 | |||
| Morgan Stanley |
28,219 | 642,547 | |||
| National Penn Bancshares, Inc. |
1,886 | 15,654 | |||
| NBT Bancorp, Inc. |
564 | 12,205 | |||
| Northern Trust Corp. |
1,896 | 113,419 | |||
| Old National Bancorp |
1,735 | 19,380 | |||
| Pacific Capital Bancorp NA |
1,233 | 8,347 | |||
| Park National Corp. |
360 | 20,070 | |||
| PNC Financial Services Group, Inc. |
8,637 | 252,978 | |||
| Prosperity Bancshares, Inc. |
507 | 13,866 | |||
| Provident Bankshares Corp. |
937 | 6,606 | |||
| Regions Financial Corp. |
12,965 | 55,231 | |||
| S&T Bancorp, Inc. |
535 | 11,347 | |||
| State Street Corp. |
3,937 | 121,181 | |||
| SunTrust Banks, Inc. |
10,073 | 118,257 | |||
| Susquehanna Bancshares, Inc. |
2,570 | 23,978 | |||
| Synovus Financial Corp. |
4,243 | 13,790 | |||
| TCF Financial Corp.(a) |
4,234 | 49,792 | |||
| TrustCo Bank Corp. |
1,806 | 10,872 | |||
| Trustmark Corp.(a) |
1,165 | 21,413 | |||
| U.S. Bancorp |
45,732 | 668,145 | |||
| UCBH Holdings, Inc. |
1,731 | 2,614 | |||
See Notes to Financial Statements.
| 12 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| UMB Financial Corp. |
342 | $ | 14,532 | ||
| Umpqua Holdings Corp. |
1,557 | 14,106 | |||
| United Bankshares, Inc.(a) |
741 | 12,775 | |||
| Valley National Bancorp |
2,610 | 32,286 | |||
| Webster Financial Corp. |
2,061 | 8,759 | |||
| Wells Fargo & Co. |
72,874 | 1,037,726 | |||
| WesBanco, Inc. |
682 | 15,570 | |||
| Westamerica Bancorp. |
412 | 18,771 | |||
| Whitney Holding Corp. |
1,501 | 17,186 | |||
| Wilmington Trust Corp. |
1,683 | 16,308 | |||
| Zions Bancorp. |
2,259 | 22,206 | |||
| Total Banks | 8,884,985 | ||||
| Beverages – 2.9% | |||||
| Brown-Forman Corp. Class A |
547 | 21,935 | |||
| Brown-Forman Corp. Class B |
855 | 33,200 | |||
| Coca-Cola Co. (The) |
29,622 | 1,301,887 | |||
| Coca-Cola Enterprises, Inc. |
4,664 | 61,518 | |||
| Molson Coors Brewing Co. Class B |
1,096 | 37,571 | |||
| Pepsi Bottling Group, Inc. |
2,615 | 57,896 | |||
| PepsiAmericas, Inc. |
1,500 | 25,875 | |||
| PepsiCo, Inc. |
18,472 | 950,938 | |||
| Total Beverages | 2,490,820 | ||||
| Building Materials – 0.2% | |||||
| Eagle Materials, Inc. |
346 | 8,391 | |||
| Lennox International, Inc. |
531 | 14,050 | |||
| Martin Marietta Materials, Inc. |
280 | 22,204 | |||
| Masco Corp. |
11,232 | 78,399 | |||
| Simpson Manufacturing Co., Inc. |
362 | 6,523 | |||
| Total Building Materials | 129,567 | ||||
| Chemicals – 2.6% | |||||
| Air Products & Chemicals, Inc. |
3,002 | 168,862 | |||
| Airgas, Inc. |
519 | 17,547 | |||
| Albemarle Corp. |
955 | 20,790 | |||
| Arch Chemicals, Inc. |
401 | 7,603 | |||
| Ashland, Inc. |
832 | 8,595 | |||
| Cabot Corp. |
1,389 | 14,598 | |||
| Celanese Corp. Series A |
833 | 11,137 | |||
| CF Industries Holdings, Inc. |
196 | 13,941 | |||
| Cytec Industries, Inc. |
489 | 7,345 | |||
| Dow Chemical Co. (The) |
29,120 | 245,482 | |||
| E.I. Du Pont de Nemours & Co. |
21,794 | 486,660 | |||
| Eastman Chemical Co. |
1,609 | 43,121 | |||
| Ecolab, Inc. |
1,313 | 45,600 | |||
| Ferro Corp. |
1,744 | 2,494 | |||
| FMC Corp. |
356 | 15,358 | |||
| Huntsman Corp. |
10,715 | 33,538 | |||
| Innophos Holdings, Inc. |
506 | 5,708 | |||
| International Flavors & Fragrances, Inc. |
1,054 | 32,105 | |||
| Lubrizol Corp. |
922 | 31,357 | |||
| Monsanto Co.* |
2,756 | 229,024 | |||
| Mosaic Co. (The) |
1,058 | 44,415 | |||
| Olin Corp. |
1,451 | 20,706 | |||
| PPG Industries, Inc. |
3,214 | 118,597 | |||
| Investments | Shares | Value | |||
| Praxair, Inc. |
3,047 | $ | 205,033 | ||
| Rohm & Haas Co. |
1,876 | 147,904 | |||
| RPM International, Inc. |
3,083 | 39,247 | |||
| Sensient Technologies Corp. |
739 | 17,366 | |||
| Sherwin-Williams Co. (The) |
1,141 | 59,298 | |||
| Sigma-Aldrich Corp. |
615 | 23,241 | |||
| Terra Industries, Inc. |
1,038 | 29,157 | |||
| Valhi, Inc. |
1,351 | 12,672 | |||
| Valspar Corp. (The) |
1,322 | 26,400 | |||
| Westlake Chemical Corp. |
320 | 4,682 | |||
| Total Chemicals | 2,189,583 | ||||
| Coal – 0.1% | |||||
| Arch Coal, Inc. |
1,396 | 18,665 | |||
| Consol Energy, Inc. |
1,006 | 25,391 | |||
| Massey Energy Co. |
713 | 7,216 | |||
| Peabody Energy Corp. |
1,138 | 28,495 | |||
| Walter Industries, Inc. |
584 | 13,356 | |||
| Total Coal | 93,123 | ||||
| Commercial Services – 1.3% | |||||
| ABM Industries, Inc. |
796 | 13,054 | |||
| Automatic Data Processing, Inc. |
6,952 | 244,432 | |||
| Corporate Executive Board Co. (The) |
1,277 | 18,517 | |||
| Deluxe Corp. |
1,752 | 16,872 | |||
| Equifax, Inc. |
388 | 9,487 | |||
| H&R Block, Inc. |
3,647 | 66,339 | |||
| Healthcare Services Group |
1,069 | 16,003 | |||
| Hillenbrand, Inc. |
1,351 | 21,630 | |||
| Interactive Data Corp. |
1,105 | 27,470 | |||
| Landauer, Inc. |
162 | 8,210 | |||
| Lender Processing Services, Inc.* |
753 | 23,049 | |||
| Manpower, Inc. |
714 | 22,512 | |||
| Mastercard, Inc. Class A |
173 | 28,974 | |||
| McGrath Rentcorp |
551 | 8,684 | |||
| McKesson Corp. |
1,373 | 48,110 | |||
| Moody’s Corp. |
1,735 | 39,766 | |||
| Paychex, Inc. |
6,509 | 167,086 | |||
| Pharmaceutical Product Development, Inc. |
809 | 19,190 | |||
| R.R. Donnelley & Sons Co. |
6,159 | 45,145 | |||
| Robert Half International, Inc. |
1,533 | 27,333 | |||
| Rollins, Inc. |
866 | 14,852 | |||
| SEI Investments Co. |
776 | 9,475 | |||
| Service Corp. International |
3,296 | 11,503 | |||
| Sotheby’s(a) |
1,986 | 17,874 | |||
| Strayer Education, Inc. |
69 | 12,411 | |||
| Total System Services, Inc. |
1,788 | 24,692 | |||
| Visa, Inc. Class A |
1,348 | 74,949 | |||
| Weight Watchers International, Inc. |
771 | 14,302 | |||
| Western Union Co. (The) |
864 | 10,861 | |||
| Total Commercial Services | 1,062,782 | ||||
| Computers – 1.7% | |||||
| Diebold, Inc. |
1,086 | 23,186 | |||
| Hewlett-Packard Co. |
8,368 | 268,278 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 13 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| International Business Machines Corp. |
12,055 | $ | 1,168,009 | ||
| Jack Henry & Associates, Inc. |
703 | 11,473 | |||
| Total Computers | 1,470,946 | ||||
| Cosmetics/Personal Care – 2.2% | |||||
| Alberto-Culver Co. |
633 | 14,312 | |||
| Avon Products, Inc. |
5,694 | 109,496 | |||
| Colgate-Palmolive Co. |
4,784 | 282,160 | |||
| Estee Lauder Cos., Inc. (The) Class A |
965 | 23,787 | |||
| Procter & Gamble Co. (The) |
29,656 | 1,396,501 | |||
| Total Cosmetics/Personal Care | 1,826,256 | ||||
| Distribution/Wholesale – 0.2% | |||||
| Fastenal Co.(a) |
1,025 | 32,959 | |||
| Genuine Parts Co. |
2,596 | 77,517 | |||
| Owens & Minor, Inc. |
485 | 16,068 | |||
| Pool Corp.(a) |
746 | 9,996 | |||
| W.W. Grainger, Inc. |
678 | 47,582 | |||
| Watsco, Inc. |
507 | 17,253 | |||
| Total Distribution/Wholesale | 201,375 | ||||
| Diversified Financial Services – 1.4% | |||||
| Advanta Corp. Class B |
4,581 | 3,024 | |||
| American Express Co. |
16,331 | 222,592 | |||
| Ameriprise Financial, Inc. |
2,580 | 52,864 | |||
| BGC Partners, Inc. Class A* |
3,104 | 6,860 | |||
| BlackRock, Inc. |
1,008 | 131,080 | |||
| Charles Schwab Corp. (The) |
6,946 | 107,663 | |||
| CIT Group, Inc. |
10,214 | 29,110 | |||
| CME Group, Inc. |
538 | 132,558 | |||
| Discover Financial Services |
5,016 | 31,651 | |||
| Eaton Vance Corp. |
1,427 | 32,607 | |||
| Federated Investors, Inc. Class B |
2,155 | 47,970 | |||
| Franklin Resources, Inc. |
1,083 | 58,341 | |||
| GFI Group, Inc. |
3,517 | 11,290 | |||
| Greenhill & Co., Inc. |
307 | 22,672 | |||
| Legg Mason, Inc. |
2,539 | 40,370 | |||
| NYSE Euronext |
4,627 | 82,823 | |||
| optionsXpress Holdings, Inc. |
793 | 9,016 | |||
| Raymond James Financial, Inc.(a) |
1,150 | 22,655 | |||
| Student Loan Corp. (The) |
1,141 | 49,565 | |||
| T. Rowe Price Group, Inc. |
2,831 | 81,703 | |||
| Waddell & Reed Financial, Inc. Class A |
1,987 | 35,905 | |||
| Total Diversified Financial Services | 1,212,319 | ||||
| Electric – 6.4% | |||||
| Allegheny Energy, Inc. |
1,205 | 27,920 | |||
| ALLETE, Inc. |
716 | 19,110 | |||
| Alliant Energy Corp. |
2,134 | 52,688 | |||
| Ameren Corp. |
6,244 | 144,798 | |||
| American Electric Power Co., Inc. |
7,868 | 198,746 | |||
| Avista Corp. |
1,002 | 13,808 | |||
| Black Hills Corp. |
814 | 14,562 | |||
| CH Energy Group, Inc. |
364 | 17,072 | |||
| Cleco Corp. |
970 | 21,039 | |||
| CMS Energy Corp. |
3,393 | 40,173 | |||
| Investments | Shares | Value | |||
| Consolidated Edison, Inc. |
6,302 | $ | 249,622 | ||
| Constellation Energy Group, Inc. |
5,436 | 112,308 | |||
| Dominion Resources, Inc. |
9,778 | 303,020 | |||
| DPL, Inc. |
2,482 | 55,944 | |||
| DTE Energy Co. |
3,859 | 106,894 | |||
| Duke Energy Corp. |
29,898 | 428,139 | |||
| Edison International |
4,774 | 137,539 | |||
| Empire District Electric Co. (The) |
1,045 | 15,090 | |||
| Entergy Corp. |
2,628 | 178,940 | |||
| Exelon Corp. |
9,568 | 434,291 | |||
| FirstEnergy Corp. |
5,026 | 194,004 | |||
| FPL Group, Inc. |
5,382 | 273,029 | |||
| Great Plains Energy, Inc. |
4,075 | 54,890 | |||
| Hawaiian Electric Industries, Inc. |
2,062 | 28,332 | |||
| IDACORP, Inc. |
850 | 19,856 | |||
| Integrys Energy Group, Inc. |
1,904 | 49,580 | |||
| ITC Holdings Corp. |
580 | 25,300 | |||
| MDU Resources Group, Inc. |
2,153 | 34,749 | |||
| MGE Energy, Inc. |
435 | 13,646 | |||
| Northeast Utilities |
2,301 | 49,679 | |||
| NorthWestern Corp. |
875 | 18,795 | |||
| NSTAR |
1,786 | 56,938 | |||
| NV Energy, Inc. |
3,893 | 36,555 | |||
| OGE Energy Corp. |
2,002 | 47,688 | |||
| Otter Tail Corp. |
860 | 18,963 | |||
| Pepco Holdings, Inc. |
5,381 | 67,155 | |||
| PG&E Corp. |
5,559 | 212,465 | |||
| Pinnacle West Capital Corp. |
2,703 | 71,792 | |||
| PNM Resources, Inc. |
1,794 | 14,818 | |||
| Portland General Electric Co. |
1,434 | 25,224 | |||
| PPL Corp. |
6,219 | 178,547 | |||
| Progress Energy, Inc. |
6,356 | 230,469 | |||
| Public Service Enterprise Group, Inc. |
8,588 | 253,088 | |||
| SCANA Corp. |
2,471 | 76,329 | |||
| Southern Co. (The) |
13,585 | 415,973 | |||
| TECO Energy, Inc. |
5,737 | 63,968 | |||
| UIL Holdings Corp. |
618 | 13,794 | |||
| Unisource Energy Corp. |
526 | 14,828 | |||
| Westar Energy, Inc. |
2,618 | 45,894 | |||
| Wisconsin Energy Corp. |
1,180 | 48,581 | |||
| Xcel Energy, Inc. |
8,896 | 165,732 | |||
| Total Electric | 5,392,364 | ||||
| Electrical Components & Equipment – 0.5% | |||||
| Ametek, Inc. |
397 | 12,414 | |||
| Emerson Electric Co. |
11,273 | 322,182 | |||
| Hubbell, Inc. Class B |
921 | 24,830 | |||
| Molex, Inc. |
1,891 | 25,983 | |||
| Molex, Inc. Class A |
1,800 | 22,752 | |||
| Total Electrical Components & Equipment | 408,161 | ||||
| Electronics – 0.1% | |||||
| AVX Corp. |
1,920 | 17,434 | |||
| Brady Corp. Class A |
711 | 12,535 | |||
| Gentex Corp. |
2,861 | 28,495 | |||
See Notes to Financial Statements.
| 14 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Jabil Circuit, Inc. |
3,765 | $ | 20,933 | ||
| National Instruments Corp. |
797 | 14,864 | |||
| PerkinElmer, Inc. |
888 | 11,340 | |||
| Total Electronics | 105,601 | ||||
| Engineering & Construction – 0.1% | |||||
| Fluor Corp. |
745 | 25,740 | |||
| Granite Construction, Inc. |
274 | 10,269 | |||
| KBR, Inc. |
989 | 13,658 | |||
| Total Engineering & Construction | 49,667 | ||||
| Entertainment – 0.2% | |||||
| Cinemark Holdings, Inc. |
4,468 | 41,955 | |||
| International Game Technology |
5,611 | 51,733 | |||
| National CineMedia, Inc. |
1,268 | 16,712 | |||
| Regal Entertainment Group Class A |
5,872 | 78,744 | |||
| Total Entertainment | 189,144 | ||||
| Environmental Control – 0.3% | |||||
| Mine Safety Appliances Co. |
703 | 14,074 | |||
| Nalco Holding Co. |
763 | 9,972 | |||
| Republic Services, Inc. |
2,431 | 41,692 | |||
| Waste Management, Inc. |
6,485 | 166,016 | |||
| Total Environmental Control | 231,754 | ||||
| Food – 2.6% | |||||
| B&G Foods, Inc. Class A |
2,428 | 12,626 | |||
| Campbell Soup Co. |
4,883 | 133,599 | |||
| ConAgra Foods, Inc. |
8,265 | 139,431 | |||
| Corn Products International, Inc. |
617 | 13,080 | |||
| Del Monte Foods Co. |
2,172 | 15,834 | |||
| Flowers Foods, Inc. |
1,062 | 24,936 | |||
| General Mills, Inc. |
3,781 | 188,596 | |||
| H.J. Heinz Co. |
5,420 | 179,185 | |||
| Hershey Co. (The) |
2,177 | 75,651 | |||
| Hormel Foods Corp. |
1,350 | 42,808 | |||
| J.M. Smucker Co. (The) |
1,491 | 55,570 | |||
| Kellogg Co. |
4,655 | 170,513 | |||
| Kraft Foods, Inc. Class A |
24,303 | 541,714 | |||
| Kroger Co. (The) |
3,613 | 76,668 | |||
| Lancaster Colony Corp. |
441 | 18,293 | |||
| Lance, Inc. |
525 | 10,930 | |||
| McCormick & Co., Inc. |
1,500 | 44,355 | |||
| Ruddick Corp. |
499 | 11,202 | |||
| Safeway, Inc. |
2,427 | 49,001 | |||
| Sara Lee Corp. |
12,506 | 101,048 | |||
| SUPERVALU, Inc. |
4,501 | 64,274 | |||
| Sysco Corp. |
9,372 | 213,682 | |||
| Tyson Foods, Inc. Class A |
2,526 | 23,719 | |||
| Weis Markets, Inc. |
547 | 16,979 | |||
| Total Food | 2,223,694 | ||||
| Forest Products & Paper – 0.6% | |||||
| Glatfelter Co. |
643 | 4,012 | |||
| International Paper Co. |
13,325 | 93,808 | |||
| MeadWestvaco Corp. |
5,302 | 63,571 | |||
| Plum Creek Timber Co., Inc. |
2,881 | 83,751 | |||
| Investments | Shares | Value | |||
| Potlatch Corp. |
1,200 | $ | 27,828 | ||
| Rayonier, Inc. |
1,852 | 55,967 | |||
| Wausau Paper Corp. |
582 | 3,061 | |||
| Weyerhaeuser Co. |
5,808 | 160,127 | |||
| Total Forest Products & Paper | 492,125 | ||||
| Gas – 0.9% | |||||
| AGL Resources, Inc. |
1,723 | 45,711 | |||
| Atmos Energy Corp. |
2,100 | 48,552 | |||
| Centerpoint Energy, Inc. |
7,692 | 80,227 | |||
| Energen Corp. |
512 | 14,915 | |||
| Laclede Group, Inc. (The) |
392 | 15,280 | |||
| National Fuel Gas Co. |
1,328 | 40,730 | |||
| New Jersey Resources Corp. |
689 | 23,412 | |||
| Nicor, Inc. |
936 | 31,103 | |||
| NiSource, Inc. |
8,896 | 87,181 | |||
| Northwest Natural Gas Co. |
392 | 17,021 | |||
| Piedmont Natural Gas Co., Inc. |
1,209 | 31,301 | |||
| Sempra Energy |
3,107 | 143,668 | |||
| South Jersey Industries, Inc. |
442 | 15,470 | |||
| Southern Union Co. |
2,390 | 36,376 | |||
| Southwest Gas Corp. |
768 | 16,182 | |||
| UGI Corp. |
1,426 | 33,668 | |||
| Vectren Corp. |
1,793 | 37,814 | |||
| WGL Holdings, Inc. |
988 | 32,406 | |||
| Total Gas | 751,017 | ||||
| Hand/Machine Tools – 0.2% | |||||
| Baldor Electric Co. |
862 | 12,490 | |||
| Black & Decker Corp. |
885 | 27,931 | |||
| Kennametal, Inc. |
802 | 13,001 | |||
| Lincoln Electric Holdings, Inc. |
412 | 13,056 | |||
| Regal-Beloit Corp. |
349 | 10,693 | |||
| Snap-On, Inc. |
740 | 18,574 | |||
| Stanley Works (The) |
1,210 | 35,235 | |||
| Total Hand/Machine Tools | 130,980 | ||||
| Healthcare-Products – 3.0% | |||||
| Baxter International, Inc. |
4,518 | 231,412 | |||
| Beckman Coulter, Inc. |
462 | 23,567 | |||
| Becton Dickinson & Co. |
1,812 | 121,839 | |||
| C.R. Bard, Inc. |
334 | 26,627 | |||
| DENTSPLY International, Inc. |
480 | 12,888 | |||
| Hill-Rom Holdings, Inc. |
734 | 7,259 | |||
| Johnson & Johnson |
32,809 | 1,725,753 | |||
| Medtronic, Inc. |
10,119 | 298,207 | |||
| Meridian Bioscience, Inc. |
528 | 9,567 | |||
| STERIS Corp. |
465 | 10,825 | |||
| Stryker Corp. |
1,284 | 43,707 | |||
| West Pharmaceutical Services, Inc. |
291 | 9,548 | |||
| Total Healthcare-Products | 2,521,199 | ||||
| Healthcare-Services – 0.1% | |||||
| Aetna, Inc. |
304 | 7,396 | |||
| Quest Diagnostics, Inc. |
639 | 30,340 | |||
| UnitedHealth Group, Inc. |
516 | 10,800 | |||
| Total Healthcare-Services | 48,536 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 15 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Holding Companies-Diversified – 0.0% | |||||
| Compass Diversified Holdings |
1,726 | $ | 15,396 | ||
| Home Builders – 0.1% | |||||
| D.R. Horton, Inc. |
2,421 | 23,484 | |||
| KB Home* |
732 | 9,648 | |||
| Lennar Corp. Class A |
979 | 7,352 | |||
| MDC Holdings, Inc. |
621 | 19,338 | |||
| Ryland Group, Inc. (The) |
535 | 8,913 | |||
| Total Home Builders | 68,735 | ||||
| Home Furnishings – 0.1% | |||||
| Ethan Allen Interiors, Inc. |
930 | 10,472 | |||
| Whirlpool Corp. |
1,176 | 34,798 | |||
| Total Home Furnishings | 45,270 | ||||
| Household Products/Wares – 0.7% | |||||
| American Greetings Corp. Class A |
992 | 5,020 | |||
| Avery Dennison Corp. |
2,078 | 46,423 | |||
| Blyth, Inc.* |
377 | 9,851 | |||
| Church & Dwight Co., Inc. |
283 | 14,781 | |||
| Clorox Co. |
1,917 | 98,687 | |||
| Fortune Brands, Inc. |
2,497 | 61,301 | |||
| Kimberly-Clark Corp. |
7,201 | 332,038 | |||
| Scotts Miracle-Gro Co. (The) Class A |
515 | 17,870 | |||
| Standard Register Co. (The) |
1,539 | 7,049 | |||
| Tupperware Brands Corp. |
1,223 | 20,779 | |||
| Total Household Products/Wares | 613,799 | ||||
| Housewares – 0.1% | |||||
| Newell Rubbermaid, Inc. |
9,415 | 60,068 | |||
| Toro Co. |
336 | 8,124 | |||
| Total Housewares | 68,192 | ||||
| Insurance – 2.2% | |||||
| Allstate Corp. (The) |
10,534 | 201,726 | |||
| American Family Life Assurance Co., Inc. |
4,473 | 86,597 | |||
| American Financial Group, Inc. |
1,099 | 17,639 | |||
| American National Insurance Co. |
473 | 24,790 | |||
| AON Corp. |
1,449 | 59,148 | |||
| Arthur J. Gallagher & Co. |
2,030 | 34,510 | |||
| Assurant, Inc. |
1,008 | 21,954 | |||
| Brown & Brown, Inc. |
757 | 14,315 | |||
| Chubb Corp. |
3,625 | 153,410 | |||
| Cincinnati Financial Corp. |
3,295 | 75,357 | |||
| Erie Indemnity Co. Class A |
892 | 30,489 | |||
| Fidelity National Financial, Inc. Class A |
3,154 | 61,535 | |||
| First American Corp. |
1,210 | 32,077 | |||
| Hanover Insurance Group, Inc. (The) |
239 | 6,888 | |||
| Harleysville Group, Inc. |
386 | 12,279 | |||
| Hartford Financial Services Group, Inc. |
8,673 | 68,083 | |||
| HCC Insurance Holdings, Inc. |
975 | 24,560 | |||
| Horace Mann Educators Corp. |
722 | 6,043 | |||
| Lincoln National Corp. |
4,568 | 30,560 | |||
| Loews Corp. |
1,458 | 32,222 | |||
| Marsh & McLennan Cos., Inc. |
6,865 | 139,016 | |||
| Mercury General Corp. |
1,124 | 33,383 | |||
| Investments | Shares | Value | |||
| Metlife, Inc. |
5,995 | $ | 136,506 | ||
| Odyssey Re Holdings Corp. |
125 | 4,741 | |||
| Old Republic International Corp. |
5,810 | 62,864 | |||
| Principal Financial Group, Inc. |
2,300 | 18,814 | |||
| Protective Life Corp. |
1,350 | 7,087 | |||
| Prudential Financial, Inc. |
3,178 | 60,446 | |||
| Reinsurance Group of America, Inc.* |
288 | 9,328 | |||
| RLI Corp. |
196 | 9,839 | |||
| Safety Insurance Group, Inc. |
386 | 11,997 | |||
| Selective Insurance Group, Inc. |
655 | 7,965 | |||
| StanCorp Financial Group, Inc. |
409 | 9,317 | |||
| State Auto Financial Corp. |
356 | 6,266 | |||
| Torchmark Corp. |
450 | 11,803 | |||
| Transatlantic Holdings, Inc. |
571 | 20,368 | |||
| Travelers Cos., Inc. (The) |
6,169 | 250,708 | |||
| Unitrin, Inc. |
2,816 | 39,368 | |||
| Unum Group |
2,259 | 28,238 | |||
| W.R. Berkley Corp. |
506 | 11,410 | |||
| Zenith National Insurance Corp. |
976 | 23,531 | |||
| Total Insurance | 1,897,177 | ||||
| Internet – 0.0% | |||||
| NutriSystem, Inc. |
786 | 11,216 | |||
| United Online, Inc. |
2,791 | 12,448 | |||
| Total Internet | 23,664 | ||||
| Investment Companies – 0.2% | |||||
| Apollo Investment Corp. |
13,730 | 47,780 | |||
| Ares Capital Corp. |
10,782 | 52,185 | |||
| BlackRock Kelso Capital Corp. |
3,921 | 16,429 | |||
| Fifth Street Finance Corp.* |
1,678 | 12,988 | |||
| Gladstone Capital Corp. |
1,968 | 12,320 | |||
| Hercules Technology Growth Capital, Inc. |
2,759 | 13,795 | |||
| NGP Capital Resources Co. |
1,903 | 9,458 | |||
| Prospect Capital Corp. |
1,896 | 16,154 | |||
| Total Investment Companies | 181,109 | ||||
| Iron/Steel – 0.3% | |||||
| AK Steel Holding Corp. |
966 | 6,878 | |||
| Allegheny Technologies, Inc. |
1,077 | 23,619 | |||
| Carpenter Technology Corp. |
676 | 9,545 | |||
| Cliffs Natural Resources, Inc. |
726 | 13,184 | |||
| Nucor Corp. |
3,527 | 134,625 | |||
| Reliance Steel & Aluminum Co. |
543 | 14,297 | |||
| Steel Dynamics, Inc. |
2,326 | 20,492 | |||
| United States Steel Corp.(a) |
1,475 | 31,167 | |||
| Total Iron/Steel | 253,807 | ||||
| Leisure Time – 0.1% | |||||
| Callaway Golf Co. |
884 | 6,347 | |||
| Harley-Davidson, Inc.(a) |
7,017 | 93,958 | |||
| Polaris Industries, Inc. |
770 | 16,509 | |||
| Total Leisure Time | 116,814 | ||||
| Lodging – 0.1% | |||||
| Choice Hotels International, Inc. |
711 | 18,358 | |||
| Marriott International, Inc. Class A |
2,572 | 42,078 | |||
See Notes to Financial Statements.
| 16 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Starwood Hotels & Resorts Worldwide, Inc. |
3,481 | $ | 44,209 | ||
| Wyndham Worldwide Corp. |
1,871 | 7,858 | |||
| Total Lodging | 112,503 | ||||
| Machinery-Construction & Mining – 0.3% | |||||
| Caterpillar, Inc. |
9,138 | 255,498 | |||
| Joy Global, Inc. |
1,250 | 26,625 | |||
| Total Machinery-Construction & Mining | 282,123 | ||||
| Machinery-Diversified – 0.4% | |||||
| Applied Industrial Technologies, Inc. |
742 | 12,518 | |||
| Briggs & Stratton Corp. |
1,294 | 21,351 | |||
| Cognex Corp. |
1,068 | 14,258 | |||
| Cummins, Inc. |
2,028 | 51,613 | |||
| Deere & Co. |
4,575 | 150,380 | |||
| Flowserve Corp. |
472 | 26,489 | |||
| Graco, Inc. |
935 | 15,960 | |||
| IDEX Corp. |
804 | 17,584 | |||
| Nordson Corp. |
408 | 11,599 | |||
| Rockwell Automation, Inc. |
2,092 | 45,689 | |||
| Roper Industries, Inc. |
323 | 13,711 | |||
| Total Machinery-Diversified | 381,152 | ||||
| Media – 1.5% | |||||
| Belo Corp. Class A |
7,520 | 4,587 | |||
| Cablevision Systems Corp. Class A |
2,527 | 32,699 | |||
| CBS Corp. Class A |
3,380 | 13,250 | |||
| CBS Corp. Class B |
33,518 | 128,709 | |||
| Comcast Corp. Class A |
12,282 | 167,527 | |||
| Comcast Corp. Special Class A |
5,113 | 65,804 | |||
| FactSet Research Systems, Inc.(a) |
403 | 20,146 | |||
| Gannett Co., Inc.(a) |
18,546 | 40,801 | |||
| John Wiley & Sons, Inc. Class A |
395 | 11,763 | |||
| McGraw-Hill Cos., Inc. (The) |
4,351 | 99,507 | |||
| Meredith Corp. |
871 | 14,494 | |||
| News Corp. Class A |
9,561 | 63,294 | |||
| News Corp. Class B(a) |
4,126 | 31,770 | |||
| Scripps Networks Interactive, Inc. Class A* |
822 | 18,503 | |||
| Time Warner Cable, Inc. Class A* |
2,863 | 71,002 | |||
| Time Warner, Inc.* |
11,406 | 220,136 | |||
| Walt Disney Co. (The) |
10,861 | 197,236 | |||
| Washington Post Co. (The) Class B |
70 | 24,997 | |||
| World Wrestling Entertainment, Inc. Class A |
1,327 | 15,314 | |||
| Total Media | 1,241,539 | ||||
| Metal Fabricate/Hardware – 0.1% | |||||
| Commercial Metals Co. |
1,658 | 19,150 | |||
| Kaydon Corp. |
391 | 10,686 | |||
| Timken Co. |
1,639 | 22,880 | |||
| Worthington Industries, Inc. |
1,691 | 14,729 | |||
| Total Metal Fabricate/Hardware | 67,445 | ||||
| Mining – 1.0% | |||||
| Alcoa, Inc. |
21,679 | 159,124 | |||
| AMCOL International Corp. |
466 | 6,915 | |||
| Compass Minerals International, Inc. |
361 | 20,350 | |||
| Kaiser Aluminum Corp. |
399 | 9,225 | |||
| Investments | Shares | Value | |||
| Newmont Mining Corp. |
1,746 | $ | 78,151 | ||
| Southern Copper Corp.(a) |
30,291 | 527,669 | |||
| Vulcan Materials Co. |
1,249 | 55,318 | |||
| Total Mining | 856,752 | ||||
| Miscellaneous Manufacturing – 5.5% | |||||
| 3M Co. |
9,162 | 455,535 | |||
| Acuity Brands, Inc. |
330 | 7,438 | |||
| Aptargroup, Inc. |
512 | 15,944 | |||
| Barnes Group, Inc. |
1,153 | 12,326 | |||
| Brink’s Co. (The) |
434 | 11,484 | |||
| Carlisle Cos., Inc. |
874 | 17,157 | |||
| CLARCOR, Inc. |
291 | 7,330 | |||
| Crane Co. |
1,380 | 23,294 | |||
| Danaher Corp. |
269 | 14,585 | |||
| Donaldson Co., Inc. |
501 | 13,447 | |||
| Dover Corp. |
2,371 | 62,547 | |||
| Eastman Kodak Co. |
8,449 | 32,106 | |||
| Eaton Corp. |
2,847 | 104,940 | |||
| General Electric Co. |
300,819 | 3,041,280 | |||
| Harsco Corp. |
1,099 | 24,365 | |||
| Honeywell International, Inc. |
9,358 | 260,714 | |||
| Illinois Tool Works, Inc. |
7,213 | 222,521 | |||
| ITT Corp. |
1,144 | 44,010 | |||
| Koppers Holdings, Inc. |
411 | 5,968 | |||
| Leggett & Platt, Inc. |
4,292 | 55,753 | |||
| NL Industries, Inc. |
967 | 9,670 | |||
| Pall Corp. |
991 | 20,246 | |||
| Parker Hannifin Corp. |
1,684 | 57,222 | |||
| Pentair, Inc. |
1,172 | 25,397 | |||
| SPX Corp. |
596 | 28,018 | |||
| Teleflex, Inc. |
516 | 20,170 | |||
| Textron, Inc. |
5,485 | 31,484 | |||
| Trinity Industries, Inc. |
785 | 7,175 | |||
| Total Miscellaneous Manufacturing | 4,632,126 | ||||
| Office Furnishings – 0.1% | |||||
| Herman Miller, Inc. |
762 | 8,123 | |||
| HNI Corp. |
1,170 | 12,168 | |||
| Knoll, Inc. |
1,451 | 8,894 | |||
| Steelcase, Inc. Class A |
3,783 | 18,953 | |||
| Total Office Furnishings | 48,138 | ||||
| Office/Business Equipment – 0.2% | |||||
| Pitney Bowes, Inc. |
4,580 | 106,943 | |||
| Xerox Corp. |
7,599 | 34,575 | |||
| Total Office/Business Equipment | 141,518 | ||||
| Oil & Gas – 8.4% | |||||
| Anadarko Petroleum Corp. |
1,775 | 69,030 | |||
| Apache Corp. |
1,076 | 68,961 | |||
| Chesapeake Energy Corp. |
4,346 | 74,143 | |||
| Chevron Corp. |
28,386 | 1,908,675 | |||
| Cimarex Energy Co. |
393 | 7,223 | |||
| ConocoPhillips |
20,967 | 821,068 | |||
| Devon Energy Corp. |
1,612 | 72,040 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Diamond Offshore Drilling, Inc. |
492 | $ | 30,927 | ||
| EOG Resources, Inc. |
813 | 44,520 | |||
| EQT Corp. |
1,416 | 44,363 | |||
| Exxon Mobil Corp. |
40,949 | 2,788,627 | |||
| Frontier Oil Corp. |
961 | 12,291 | |||
| Helmerich & Payne, Inc. |
494 | 11,248 | |||
| Hess Corp. |
1,111 | 60,216 | |||
| Holly Corp. |
735 | 15,582 | |||
| Marathon Oil Corp. |
10,072 | 264,793 | |||
| Murphy Oil Corp. |
1,748 | 78,258 | |||
| Noble Energy, Inc. |
1,029 | 55,443 | |||
| Occidental Petroleum Corp. |
6,965 | 387,602 | |||
| Patterson-UTI Energy, Inc. |
3,774 | 33,815 | |||
| Pioneer Natural Resources Co. |
1,048 | 17,261 | |||
| Questar Corp. |
1,022 | 30,077 | |||
| Range Resources Corp. |
373 | 15,353 | |||
| Sunoco, Inc. |
1,411 | 37,363 | |||
| Tesoro Corp. |
1,879 | 25,310 | |||
| Valero Energy Corp. |
5,240 | 93,796 | |||
| XTO Energy, Inc. |
2,888 | 88,431 | |||
| Total Oil & Gas | 7,156,416 | ||||
| Oil & Gas Services – 0.3% | |||||
| Baker Hughes, Inc. |
2,366 | 67,549 | |||
| BJ Services Co. |
2,166 | 21,552 | |||
| CARBO Ceramics, Inc. |
261 | 7,423 | |||
| Halliburton Co. |
7,135 | 110,379 | |||
| RPC, Inc. |
1,318 | 8,738 | |||
| Smith International, Inc. |
1,759 | 37,783 | |||
| Total Oil & Gas Services | 253,424 | ||||
| Packaging & Containers – 0.3% | |||||
| Ball Corp. |
368 | 15,971 | |||
| Bemis Co. |
1,379 | 28,918 | |||
| Greif, Inc. Class A |
459 | 15,280 | |||
| Greif, Inc. Class B |
659 | 21,523 | |||
| Packaging Corp. of America |
3,653 | 47,562 | |||
| Rock-Tenn Co. Class A |
176 | 4,761 | |||
| Sealed Air Corp. |
2,075 | 28,635 | |||
| Silgan Holdings, Inc. |
239 | 12,557 | |||
| Sonoco Products Co. |
1,696 | 35,582 | |||
| Temple-Inland, Inc. |
4,074 | 21,877 | |||
| Total Packaging & Containers | 232,666 | ||||
| Pharmaceuticals – 8.5% | |||||
| Abbott Laboratories |
16,304 | 777,701 | |||
| Allergan, Inc. |
661 | 31,569 | |||
| AmerisourceBergen Corp. |
764 | 24,952 | |||
| Bristol-Myers Squibb Co. |
41,305 | 905,406 | |||
| Cardinal Health, Inc. |
2,374 | 74,733 | |||
| Eli Lilly & Co. |
21,382 | 714,373 | |||
| Merck & Co., Inc. |
42,792 | 1,144,686 | |||
| Perrigo Co. |
377 | 9,361 | |||
| Pfizer, Inc. |
190,371 | 2,592,853 | |||
| Schering-Plough Corp. |
9,493 | 223,560 | |||
| Wyeth |
16,514 | 710,763 | |||
| Total Pharmaceuticals | 7,209,957 | ||||
| Investments | Shares | Value | |||
| Pipelines – 0.5% | |||||
| Crosstex Energy, Inc. |
9,049 | $ | 14,840 | ||
| El Paso Corp. |
7,634 | 47,713 | |||
| Oneok, Inc. |
2,321 | 52,524 | |||
| Spectra Energy Corp. |
15,332 | 216,794 | |||
| Williams Cos., Inc. (The) |
7,134 | 81,185 | |||
| Total Pipelines | 413,056 | ||||
| REITS – 3.5% | |||||
| Acadia Realty Trust |
774 | 8,212 | |||
| Alexandria Real Estate Equities, Inc.(a) |
738 | 26,863 | |||
| American Campus Communities, Inc. |
1,052 | 18,263 | |||
| Apartment Investment & Management Co. Class A |
6,173 | 33,828 | |||
| AvalonBay Communities, Inc. |
1,565 | 73,649 | |||
| BioMed Realty Trust, Inc. |
3,867 | 26,180 | |||
| Boston Properties, Inc. |
2,137 | 74,859 | |||
| Brandywine Realty Trust |
8,734 | 24,892 | |||
| BRE Properties, Inc. |
1,367 | 26,834 | |||
| Camden Property Trust |
1,802 | 38,887 | |||
| CBL & Associates Properties, Inc.(a) |
5,499 | 12,978 | |||
| Cedar Shopping Centers, Inc. |
2,965 | 5,159 | |||
| Cogdell Spencer, Inc. |
1,311 | 6,686 | |||
| Colonial Properties Trust |
2,563 | 9,765 | |||
| Corporate Office Properties Trust SBI MD |
991 | 24,607 | |||
| Cousins Properties, Inc.(a) |
1,437 | 9,254 | |||
| DCT Industrial Trust, Inc. |
4,466 | 14,157 | |||
| Digital Realty Trust, Inc. |
1,193 | 39,584 | |||
| Douglas Emmett, Inc. |
2,614 | 19,317 | |||
| Duke Realty Corp.(a) |
9,488 | 52,184 | |||
| EastGroup Properties, Inc. |
620 | 17,403 | |||
| Education Realty Trust, Inc. |
2,199 | 7,674 | |||
| Entertainment Properties Trust |
1,427 | 22,489 | |||
| Equity Lifestyle Properties, Inc. |
180 | 6,858 | |||
| Equity One, Inc.(a) |
1,925 | 23,466 | |||
| Equity Residential |
6,645 | 121,936 | |||
| Essex Property Trust, Inc. |
513 | 29,415 | |||
| Extra Space Storage, Inc. |
3,214 | 17,709 | |||
| Federal Realty Investment Trust |
947 | 43,562 | |||
| First Potomac Realty Trust |
2,024 | 14,876 | |||
| Franklin Street Properties Corp. |
1,634 | 20,098 | |||
| Getty Realty Corp. |
980 | 17,983 | |||
| HCP, Inc. |
6,627 | 118,292 | |||
| Health Care REIT, Inc. |
2,727 | 83,419 | |||
| Healthcare Realty Trust, Inc. |
1,597 | 23,939 | |||
| Hersha Hospitality Trust |
5,182 | 9,846 | |||
| Highwoods Properties, Inc. |
1,580 | 33,844 | |||
| Home Properties, Inc. |
825 | 25,286 | |||
| Hospitality Properties Trust |
7,906 | 94,872 | |||
| HRPT Properties Trust |
23,008 | 73,396 | |||
| Inland Real Estate Corp. |
1,985 | 14,074 | |||
| Investors Real Estate Trust* |
1,756 | 17,314 | |||
| Kilroy Realty Corp. |
878 | 15,093 | |||
| Kimco Realty Corp. |
9,560 | 72,847 | |||
| Kite Realty Group Trust |
2,431 | 5,956 | |||
See Notes to Financial Statements.
| 18 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| LaSalle Hotel Properties |
1,503 | $ | 8,777 | ||
| Lexington Realty Trust |
5,284 | 12,576 | |||
| Liberty Property Trust |
3,135 | 59,377 | |||
| LTC Properties, Inc. |
836 | 14,663 | |||
| Macerich Co. (The)(a) |
4,559 | 28,539 | |||
| Mack-Cali Realty Corp. |
2,813 | 55,726 | |||
| Medical Properties Trust, Inc. |
4,276 | 15,607 | |||
| Mid-America Apartment Communities, Inc. |
734 | 22,629 | |||
| National Health Investors, Inc. |
919 | 24,694 | |||
| National Retail Properties, Inc. |
2,849 | 45,128 | |||
| Nationwide Health Properties, Inc. |
2,514 | 55,786 | |||
| Omega Healthcare Investors, Inc. |
2,591 | 36,481 | |||
| Parkway Properties, Inc. |
527 | 5,428 | |||
| Pennsylvania Real Estate Investment Trust(a) |
5,445 | 19,330 | |||
| Post Properties, Inc. |
1,890 | 19,165 | |||
| ProLogis |
22,589 | 146,828 | |||
| PS Business Parks, Inc. |
307 | 11,313 | |||
| Public Storage |
1,791 | 98,953 | |||
| Public Storage Class A* |
481 | 11,049 | |||
| Realty Income Corp.(a) |
2,763 | 52,000 | |||
| Regency Centers Corp. |
1,740 | 46,232 | |||
| Saul Centers, Inc. |
309 | 7,098 | |||
| Senior Housing Properties Trust |
4,034 | 56,557 | |||
| Simon Property Group, Inc. |
5,693 | 197,206 | |||
| SL Green Realty Corp. |
2,682 | 28,966 | |||
| Sovran Self Storage, Inc. |
634 | 12,731 | |||
| Sun Communities, Inc. |
1,527 | 18,064 | |||
| Tanger Factory Outlet Centers, Inc. |
475 | 14,658 | |||
| Taubman Centers, Inc. |
1,239 | 21,113 | |||
| UDR, Inc. |
4,776 | 41,121 | |||
| Universal Health Realty Income Trust |
384 | 11,224 | |||
| U-Store-It Trust |
4,454 | 8,997 | |||
| Ventas, Inc. |
3,743 | 84,629 | |||
| Vornado Realty Trust |
3,741 | 124,351 | |||
| Washington Real Estate Investment Trust |
1,208 | 20,898 | |||
| Weingarten Realty Investors |
3,321 | 31,616 | |||
| Winthrop Realty Trust |
892 | 6,164 | |||
| Total REITS | 2,953,479 | ||||
| Retail – 5.6% | |||||
| Abercrombie & Fitch Co. Class A |
1,100 | 26,180 | |||
| Advance Auto Parts, Inc. |
307 | 12,612 | |||
| American Eagle Outfitters, Inc. |
3,289 | 40,257 | |||
| Barnes & Noble, Inc. |
1,531 | 32,733 | |||
| Best Buy Co., Inc. |
3,091 | 117,334 | |||
| Bob Evans Farms, Inc. |
519 | 11,636 | |||
| Brinker International, Inc. |
1,820 | 27,482 | |||
| Buckle, Inc. (The) |
848 | 27,077 | |||
| Burger King Holdings, Inc. |
678 | 15,560 | |||
| Cato Corp. (The) Class A |
763 | 13,948 | |||
| Costco Wholesale Corp. |
1,994 | 92,362 | |||
| Cracker Barrel Old Country Store, Inc. |
483 | 13,833 | |||
| CVS/Caremark Corp. |
5,791 | 159,195 | |||
| Darden Restaurants, Inc. |
1,602 | 54,885 | |||
| Investments | Shares | Value | |||
| Family Dollar Stores, Inc. |
1,270 | $ | 42,380 | ||
| Foot Locker, Inc. |
4,813 | 50,440 | |||
| Gap, Inc. (The) |
6,820 | 88,592 | |||
| Guess ?, Inc. |
1,115 | 23,504 | |||
| Home Depot, Inc. |
24,025 | 566,029 | |||
| J.C. Penney Co., Inc. |
3,475 | 69,743 | |||
| Lowe’s Cos., Inc. |
8,325 | 151,931 | |||
| Ltd. Brands, Inc. |
8,652 | 75,272 | |||
| Macy’s, Inc. |
8,263 | 73,541 | |||
| McDonald’s Corp. |
13,968 | 762,234 | |||
| MSC Industrial Direct Co. Class A |
536 | 16,653 | |||
| Nordstrom, Inc.(a) |
4,200 | 70,350 | |||
| Nu Skin Enterprises, Inc. Class A |
1,363 | 14,298 | |||
| PetSmart, Inc. |
321 | 6,728 | |||
| RadioShack Corp. |
1,235 | 10,584 | |||
| Ross Stores, Inc. |
759 | 27,233 | |||
| Staples, Inc. |
4,793 | 86,801 | |||
| Target Corp. |
5,296 | 182,129 | |||
| Tiffany & Co. |
1,338 | 28,847 | |||
| Tim Hortons, Inc. |
952 | 24,152 | |||
| TJX Cos., Inc. |
3,355 | 86,022 | |||
| Walgreen Co. |
6,716 | 174,347 | |||
| Wal-Mart Stores, Inc. |
25,260 | 1,316,046 | |||
| Wendy’s/Arby’s Group, Inc. Class A |
2,652 | 13,340 | |||
| Williams-Sonoma, Inc. |
2,646 | 26,672 | |||
| Yum! Brands, Inc. |
4,399 | 120,885 | |||
| Total Retail | 4,753,847 | ||||
| Savings & Loans – 0.6% | |||||
| Astoria Financial Corp. |
2,610 | 23,986 | |||
| Brookline Bancorp, Inc. |
1,086 | 10,317 | |||
| Capitol Federal Financial |
1,486 | 56,186 | |||
| Dime Community Bancshares |
741 | 6,951 | |||
| First Niagara Financial Group, Inc. |
1,986 | 21,647 | |||
| Hudson City Bancorp, Inc. |
7,165 | 83,759 | |||
| New York Community Bancorp, Inc.(a) |
10,943 | 122,233 | |||
| NewAlliance Bancshares, Inc. |
1,233 | 14,475 | |||
| Northwest Bancorp, Inc. |
998 | 16,866 | |||
| People’s United Financial, Inc. |
4,704 | 84,531 | |||
| Provident Financial Services, Inc. |
1,001 | 10,821 | |||
| TFS Financial Corp. |
2,245 | 27,232 | |||
| Washington Federal, Inc. |
1,916 | 25,464 | |||
| Total Savings & Loans | 504,468 | ||||
| Semiconductors – 2.6% | |||||
| Altera Corp. |
1,842 | 32,327 | |||
| Analog Devices, Inc. |
4,748 | 91,494 | |||
| Applied Materials, Inc. |
11,894 | 127,861 | |||
| Intel Corp. |
81,885 | 1,232,369 | |||
| Intersil Corp. Class A |
2,585 | 29,728 | |||
| KLA-Tencor Corp. |
1,828 | 36,560 | |||
| Linear Technology Corp. |
3,334 | 76,615 | |||
| Maxim Integrated Products, Inc. |
8,101 | 107,014 | |||
| Microchip Technology, Inc. |
5,070 | 107,433 | |||
| National Semiconductor Corp. |
2,982 | 30,625 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 19 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Texas Instruments, Inc. |
14,329 | $ | 236,572 | ||
| Xilinx, Inc. |
3,486 | 66,792 | |||
| Total Semiconductors | 2,175,390 | ||||
| Software – 2.1% | |||||
| Broadridge Financial Solutions, Inc. |
1,481 | 27,562 | |||
| CA, Inc. |
1,858 | 32,719 | |||
| Dun & Bradstreet Corp. |
390 | 30,030 | |||
| Fidelity National Information Services, Inc. |
1,060 | 19,292 | |||
| IMS Health, Inc. |
685 | 8,542 | |||
| Microsoft Corp. |
90,814 | 1,668,253 | |||
| Quality Systems, Inc.(a) |
463 | 20,951 | |||
| Total Software | 1,807,349 | ||||
| Telecommunications – 7.7% | |||||
| Adtran, Inc. |
990 | 16,048 | |||
| Alaska Communications Systems Group, Inc. |
1,816 | 12,167 | |||
| AT&T, Inc. |
127,223 | 3,206,020 | |||
| CenturyTel, Inc. |
4,151 | 116,726 | |||
| Consolidated Communications Holdings, Inc. |
1,712 | 17,565 | |||
| Corning, Inc. |
13,782 | 182,887 | |||
| Embarq Corp. |
4,897 | 185,351 | |||
| Frontier Communications Corp. |
14,036 | 100,779 | |||
| Harris Corp. |
1,226 | 35,480 | |||
| Iowa Telecommunications Services, Inc. |
1,683 | 19,287 | |||
| NTELOS Holdings Corp. |
846 | 15,346 | |||
| QUALCOMM, Inc. |
11,678 | 454,391 | |||
| Qwest Communications International, Inc. |
61,575 | 210,587 | |||
| Telephone & Data Systems, Inc. |
313 | 8,298 | |||
| Telephone & Data Systems, Inc. Special Shares* |
389 | 9,200 | |||
| Verizon Communications, Inc. |
60,163 | 1,816,923 | |||
| Virgin Media, Inc. |
4,504 | 21,619 | |||
| Windstream Corp. |
18,263 | 147,200 | |||
| Total Telecommunications | 6,575,874 | ||||
| Textiles – 0.0% | |||||
| Cintas Corp.* |
1,155 | 28,552 | |||
| Toys/Games/Hobbies – 0.1% | |||||
| Hasbro, Inc. |
1,570 | 39,360 | |||
| Mattel, Inc. |
6,955 | 80,191 | |||
| Total Toys/Games/Hobbies | 119,551 | ||||
| Transportation – 1.5% | |||||
| Alexander & Baldwin, Inc. |
903 | 17,184 | |||
| Burlington Northern Santa Fe Corp. |
2,849 | 171,367 | |||
| C.H. Robinson Worldwide, Inc. |
1,291 | 58,883 | |||
| Con-way, Inc. |
428 | 7,674 | |||
| CSX Corp. |
4,230 | 109,346 | |||
| Expeditors International Washington, Inc. |
884 | 25,008 | |||
| FedEx Corp. |
850 | 37,816 | |||
| Horizon Lines, Inc. Class A* |
1,487 | 4,506 | |||
| JB Hunt Transport Services, Inc. |
940 | 22,663 | |||
| Norfolk Southern Corp. |
4,176 | 140,940 | |||
| Overseas Shipholding Group, Inc. |
534 | 12,106 | |||
| Ryder System, Inc. |
641 | 18,147 | |||
| Tidewater, Inc. |
579 | 21,498 | |||
| Investments | Shares | Value | ||||
| Union Pacific Corp. |
4,587 | $ | 188,572 | |||
| United Parcel Service, Inc. Class B |
8,697 | 428,066 | ||||
| Total Transportation | 1,263,776 | |||||
| Trucking & Leasing – 0.0% | ||||||
| GATX Corp. |
822 | 16,629 | ||||
| Water – 0.1% | ||||||
| American States Water Co. |
233 | 8,462 | ||||
| American Water Works Co., Inc. |
2,390 | 45,984 | ||||
| Aqua America, Inc. |
1,436 | 28,720 | ||||
| California Water Service Group |
280 | 11,721 | ||||
| Total Water | 94,887 | |||||
| TOTAL COMMON STOCKS (Cost: $125,612,067) |
84,312,466 | |||||
| SHORT-TERM INVESTMENT – 0.3% | ||||||
| MONEY MARKET FUND – 0.3% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $245,319) |
245,319 | 245,319 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6% | ||||||
| MONEY MARKET FUND – 1.6% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $1,368,105)(d) |
1,368,105 | 1,368,105 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 101.3% (Cost: $127,225,491) |
85,925,890 | |||||
| Liabilities in Excess of Other Assets – (1.3)% |
(1,082,197 | ) | ||||
| NET ASSETS – 100.0% | $ | 84,843,693 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $1,363,900 and the total market value of the collateral held by the Fund was $1,368,105. |
See Notes to Financial Statements.
| 20 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 98.9% | |||||
| Advertising – 0.0% | |||||
| Harte-Hanks, Inc. |
3,082 | $ | 16,489 | ||
| Agriculture – 8.4% | |||||
| Altria Group, Inc. |
179,680 | 2,878,474 | |||
| Lorillard, Inc.* |
11,211 | 692,167 | |||
| Philip Morris International, Inc. |
108,915 | 3,875,196 | |||
| Reynolds American, Inc. |
25,445 | 911,949 | |||
| Universal Corp. |
1,368 | 40,930 | |||
| Vector Group Ltd. |
7,985 | 103,725 | |||
| Total Agriculture | 8,502,441 | ||||
| Apparel – 0.3% | |||||
| Jones Apparel Group, Inc. |
8,057 | 34,001 | |||
| VF Corp. |
4,850 | 276,983 | |||
| Total Apparel | 310,984 | ||||
| Auto Manufacturers – 0.0% | |||||
| Oshkosh Corp. |
3,432 | 23,132 | |||
| Auto Parts & Equipment – 0.0% | |||||
| Cooper Tire & Rubber Co. |
4,505 | 18,200 | |||
| Superior Industries International, Inc. |
1,601 | 18,972 | |||
| Total Auto Parts & Equipment | 37,172 | ||||
| Banks – 18.8% | |||||
| Associated Banc-Corp |
8,650 | 133,556 | |||
| Bank of America Corp. |
649,942 | 4,432,604 | |||
| BB&T Corp.(a) |
39,612 | 670,235 | |||
| Chemical Financial Corp. |
1,252 | 26,054 | |||
| Comerica, Inc. |
10,919 | 199,927 | |||
| Fifth Third Bancorp(a) |
47,192 | 137,801 | |||
| First Busey Corp. |
1,692 | 13,130 | |||
| First Commonwealth Financial Corp. |
5,191 | 46,044 | |||
| First Financial Bancorp |
2,118 | 20,185 | |||
| First Merchants Corp. |
846 | 9,128 | |||
| First Midwest Bancorp, Inc. |
3,304 | 28,381 | |||
| FirstMerit Corp. |
4,769 | 86,796 | |||
| FNB Corp.(a) |
7,024 | 53,874 | |||
| Fulton Financial Corp. |
12,150 | 80,554 | |||
| Harleysville National Corp. |
1,875 | 11,362 | |||
| Huntington Bancshares, Inc.(a) |
27,219 | 45,184 | |||
| JPMorgan Chase & Co. |
195,244 | 5,189,585 | |||
| Marshall & Ilsley Corp. |
27,409 | 154,313 | |||
| Morgan Stanley |
77,498 | 1,764,629 | |||
| Old National Bancorp |
3,880 | 43,340 | |||
| Pacific Capital Bancorp NA |
2,683 | 18,164 | |||
| Park National Corp. |
809 | 45,102 | |||
| PNC Financial Services Group, Inc. |
21,616 | 633,133 | |||
| Provident Bankshares Corp. |
1,993 | 14,051 | |||
| Sandy Spring Bancorp, Inc. |
799 | 8,917 | |||
| Sterling Bancorp |
1,172 | 11,603 | |||
| SunTrust Banks, Inc. |
27,350 | 321,089 | |||
| Susquehanna Bancshares, Inc. |
6,355 | 59,292 | |||
| TCF Financial Corp.(a) |
11,032 | 129,736 | |||
| Trustmark Corp.(a) |
2,646 | 48,633 | |||
| Investments | Shares | Value | |||
| U.S. Bancorp |
124,255 | $ | 1,815,366 | ||
| Umpqua Holdings Corp. |
3,450 | 31,257 | |||
| Webster Financial Corp. |
5,092 | 21,641 | |||
| Wells Fargo & Co. |
183,474 | 2,612,670 | |||
| West Bancorp., Inc. |
985 | 7,338 | |||
| Whitney Holding Corp. |
3,522 | 40,327 | |||
| Wilmington Trust Corp. |
4,200 | 40,698 | |||
| Total Banks | 19,005,699 | ||||
| Building Materials – 0.2% | |||||
| Masco Corp. |
30,300 | 211,494 | |||
| Chemicals – 2.7% | |||||
| Dow Chemical Co. (The) |
80,682 | 680,149 | |||
| E.I. Du Pont de Nemours & Co. |
60,455 | 1,349,960 | |||
| Eastman Chemical Co. |
4,476 | 119,957 | |||
| Ferro Corp. |
3,888 | 5,560 | |||
| Huntsman Corp. |
27,509 | 86,103 | |||
| Olin Corp. |
3,784 | 53,998 | |||
| PPG Industries, Inc. |
8,785 | 324,166 | |||
| RPM International, Inc. |
8,415 | 107,123 | |||
| Total Chemicals | 2,727,016 | ||||
| Commercial Services – 0.3% | |||||
| Corporate Executive Board Co. (The) |
2,700 | 39,150 | |||
| Deluxe Corp. |
3,492 | 33,628 | |||
| Electro Rent Corp. |
1,509 | 14,547 | |||
| Hillenbrand, Inc. |
3,165 | 50,672 | |||
| R.R. Donnelley & Sons Co. |
16,332 | 119,713 | |||
| Sotheby’s(a) |
4,660 | 41,940 | |||
| Total Commercial Services | 299,650 | ||||
| Distribution/Wholesale – 0.0% | |||||
| Watsco, Inc. |
1,136 | 38,658 | |||
| Diversified Financial Services – 0.8% | |||||
| CIT Group, Inc. |
25,340 | 72,219 | |||
| Federated Investors, Inc. Class B |
5,921 | 131,801 | |||
| GFI Group, Inc. |
7,608 | 24,422 | |||
| Legg Mason, Inc. |
6,278 | 99,820 | |||
| NYSE Euronext |
12,533 | 224,341 | |||
| Student Loan Corp. (The) |
2,958 | 128,495 | |||
| Waddell & Reed Financial, Inc. Class A |
4,727 | 85,417 | |||
| Total Diversified Financial Services | 766,515 | ||||
| Electric – 7.4% | |||||
| ALLETE, Inc. |
1,721 | 45,934 | |||
| Ameren Corp. |
17,186 | 398,543 | |||
| American Electric Power Co., Inc. |
21,673 | 547,460 | |||
| Black Hills Corp. |
2,217 | 39,662 | |||
| Central Vermont Public Service Corp. |
527 | 9,117 | |||
| CH Energy Group, Inc. |
757 | 35,503 | |||
| Consolidated Edison, Inc.(a) |
17,261 | 683,708 | |||
| Constellation Energy Group, Inc. |
14,339 | 296,244 | |||
| DPL, Inc. |
6,252 | 140,920 | |||
| DTE Energy Co. |
10,352 | 286,750 | |||
| Duke Energy Corp. |
83,006 | 1,188,646 | |||
| Empire District Electric Co. (The) |
2,522 | 36,418 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund
March 31, 2009
| Investments | Shares | Value | |||
| Great Plains Energy, Inc. |
10,911 | $ | 146,971 | ||
| Integrys Energy Group, Inc. |
5,098 | 132,752 | |||
| NorthWestern Corp. |
2,199 | 47,235 | |||
| OGE Energy Corp. |
5,405 | 128,747 | |||
| Otter Tail Corp. |
1,913 | 42,182 | |||
| Pepco Holdings, Inc. |
14,553 | 181,621 | |||
| Pinnacle West Capital Corp. |
7,340 | 194,950 | |||
| PNM Resources, Inc. |
4,309 | 35,592 | |||
| Portland General Electric Co. |
3,498 | 61,530 | |||
| Progress Energy, Inc. |
17,346 | 628,966 | |||
| SCANA Corp. |
6,650 | 205,419 | |||
| Southern Co. (The) |
37,476 | 1,147,515 | |||
| TECO Energy, Inc. |
14,766 | 164,641 | |||
| UIL Holdings Corp. |
1,546 | 34,507 | |||
| Westar Energy, Inc. |
6,823 | 119,607 | |||
| Xcel Energy, Inc. |
24,409 | 454,740 | |||
| Total Electric | 7,435,880 | ||||
| Electrical Components & Equipment – 0.2% | |||||
| Hubbell, Inc. Class B |
2,082 | 56,131 | |||
| Molex, Inc. |
4,464 | 61,335 | |||
| Molex, Inc. Class A |
4,100 | 51,824 | |||
| Total Electrical Components & Equipment | 169,290 | ||||
| Electronics – 0.1% | |||||
| Gentex Corp. |
7,176 | 71,473 | |||
| Entertainment – 0.5% | |||||
| Cinemark Holdings, Inc. |
10,938 | 102,708 | |||
| International Game Technology |
15,444 | 142,394 | |||
| National CineMedia, Inc. |
3,255 | 42,901 | |||
| Regal Entertainment Group Class A |
15,954 | 213,943 | |||
| Total Entertainment | 501,946 | ||||
| Food – 0.8% | |||||
| B&G Foods, Inc. Class A |
5,180 | 26,936 | |||
| ConAgra Foods, Inc. |
21,996 | 371,073 | |||
| Sara Lee Corp. |
34,072 | 275,302 | |||
| SUPERVALU, Inc. |
11,601 | 165,662 | |||
| Total Food | 838,973 | ||||
| Forest Products & Paper – 1.3% | |||||
| International Paper Co. |
36,519 | 257,094 | |||
| MeadWestvaco Corp. |
14,512 | 173,999 | |||
| Plum Creek Timber Co., Inc. |
8,367 | 243,228 | |||
| Potlatch Corp. |
3,242 | 75,182 | |||
| Rayonier, Inc. |
5,350 | 161,677 | |||
| Weyerhaeuser Co. |
15,698 | 432,794 | |||
| Total Forest Products & Paper | 1,343,974 | ||||
| Gas – 0.9% | |||||
| AGL Resources, Inc. |
4,529 | 120,154 | |||
| Atmos Energy Corp. |
5,407 | 125,010 | |||
| Centerpoint Energy, Inc. |
20,901 | 217,997 | |||
| Nicor, Inc. |
2,563 | 85,169 | |||
| NiSource, Inc. |
24,171 | 236,876 | |||
| Vectren Corp. |
4,700 | 99,123 | |||
| Total Gas | 884,329 | ||||
| Investments | Shares | Value | |||
| Holding Companies-Diversified – 0.0% | |||||
| Compass Diversified Holdings |
3,720 | $ | 33,182 | ||
| Home Furnishings – 0.0% | |||||
| Ethan Allen Interiors, Inc. |
2,498 | 28,127 | |||
| Household Products/Wares – 0.3% | |||||
| Avery Dennison Corp. |
5,567 | 124,367 | |||
| Blyth, Inc.* |
750 | 19,598 | |||
| Ennis, Inc. |
1,534 | 13,591 | |||
| Fortune Brands, Inc. |
6,826 | 167,578 | |||
| Total Household Products/Wares | 325,134 | ||||
| Housewares – 0.2% | |||||
| Newell Rubbermaid, Inc. |
25,465 | 162,467 | |||
| Insurance – 1.8% | |||||
| Allstate Corp. (The) |
28,366 | 543,209 | |||
| Arthur J. Gallagher & Co. |
5,209 | 88,553 | |||
| Baldwin & Lyons, Inc. Class B |
711 | 13,452 | |||
| Cincinnati Financial Corp. |
8,856 | 202,537 | |||
| Erie Indemnity Co. Class A |
2,560 | 87,501 | |||
| FBL Financial Group, Inc. Class A |
1,287 | 5,341 | |||
| Fidelity National Financial, Inc. Class A |
8,423 | 164,333 | |||
| Hartford Financial Services Group, Inc. |
23,555 | 184,907 | |||
| Horace Mann Educators Corp. |
1,926 | 16,120 | |||
| Lincoln National Corp. |
11,844 | 79,236 | |||
| Mercury General Corp. |
2,877 | 85,447 | |||
| Old Republic International Corp. |
15,298 | 165,524 | |||
| Protective Life Corp. |
2,605 | 13,676 | |||
| Safety Insurance Group, Inc. |
733 | 22,782 | |||
| Stewart Information Services Corp. |
722 | 14,079 | |||
| Unitrin, Inc. |
7,617 | 106,486 | |||
| Zenith National Insurance Corp. |
2,423 | 58,418 | |||
| Total Insurance | 1,851,601 | ||||
| Internet – 0.0% | |||||
| NutriSystem, Inc. |
1,563 | 22,304 | |||
| United Online, Inc. |
5,986 | 26,698 | |||
| Total Internet | 49,002 | ||||
| Investment Companies – 0.4% | |||||
| Apollo Investment Corp. |
34,773 | 121,010 | |||
| Ares Capital Corp. |
27,348 | 132,364 | |||
| BlackRock Kelso Capital Corp. |
10,047 | 42,097 | |||
| Hercules Technology Growth Capital, Inc. |
6,510 | 32,550 | |||
| NGP Capital Resources Co. |
4,242 | 21,083 | |||
| Prospect Capital Corp. |
4,358 | 37,130 | |||
| Total Investment Companies | 386,234 | ||||
| Iron/Steel – 0.1% | |||||
| Steel Dynamics, Inc. |
6,345 | 55,899 | |||
| Leisure Time – 0.3% | |||||
| Harley-Davidson, Inc.(a) |
19,358 | 259,204 | |||
| Polaris Industries, Inc. |
1,716 | 36,791 | |||
| Total Leisure Time | 295,995 | ||||
| Lodging – 0.1% | |||||
| Starwood Hotels & Resorts Worldwide, Inc. |
9,807 | 124,549 | |||
See Notes to Financial Statements.
| 22 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund
March 31, 2009
| Investments | Shares | Value | |||
| Machinery-Diversified – 0.0% | |||||
| Briggs & Stratton Corp. |
2,681 | $ | 44,236 | ||
| NACCO Industries, Inc. Class A |
372 | 10,111 | |||
| Total Machinery-Diversified | 54,347 | ||||
| Media – 0.6% | |||||
| CBS Corp. Class A |
8,300 | 32,536 | |||
| CBS Corp. Class B |
90,975 | 349,344 | |||
| Courier Corp. |
855 | 12,970 | |||
| Gannett Co., Inc.(a) |
49,615 | 109,153 | |||
| Meredith Corp.(a) |
1,908 | 31,749 | |||
| World Wrestling Entertainment, Inc. Class A |
3,049 | 35,186 | |||
| Total Media | 570,938 | ||||
| Metal Fabricate/Hardware – 0.1% | |||||
| Timken Co. |
4,027 | 56,217 | |||
| Worthington Industries, Inc. |
4,478 | 39,003 | |||
| Total Metal Fabricate/Hardware | 95,220 | ||||
| Mining – 1.9% | |||||
| Alcoa, Inc. |
58,336 | 428,186 | |||
| Kaiser Aluminum Corp. |
876 | 20,253 | |||
| Southern Copper Corp.(a) |
82,159 | 1,431,210 | |||
| Total Mining | 1,879,649 | ||||
| Miscellaneous Manufacturing – 8.6% | |||||
| Barnes Group, Inc. |
2,520 | 26,939 | |||
| Crane Co. |
3,173 | 53,560 | |||
| Eastman Kodak Co. |
22,630 | 85,994 | |||
| General Electric Co. |
822,850 | 8,319,014 | |||
| Leggett & Platt, Inc. |
11,193 | 145,397 | |||
| Textron, Inc. |
15,096 | 86,651 | |||
| Total Miscellaneous Manufacturing | 8,717,555 | ||||
| Office Furnishings – 0.1% | |||||
| HNI Corp. |
2,543 | 26,447 | |||
| Steelcase, Inc. Class A |
8,349 | 41,829 | |||
| Total Office Furnishings | 68,276 | ||||
| Office/Business Equipment – 0.3% | |||||
| Pitney Bowes, Inc. |
12,305 | 287,322 | |||
| Oil & Gas – 0.1% | |||||
| Patterson-UTI Energy, Inc. |
9,871 | 88,444 | |||
| Packaging & Containers – 0.2% | |||||
| Greif, Inc. Class A |
1,255 | 41,779 | |||
| Packaging Corp. of America |
9,371 | 122,010 | |||
| Temple-Inland, Inc. |
9,557 | 51,321 | |||
| Total Packaging & Containers | 215,110 | ||||
| Pharmaceuticals – 14.5% | |||||
| Bristol-Myers Squibb Co. |
112,142 | 2,458,153 | |||
| Eli Lilly & Co. |
58,315 | 1,948,304 | |||
| Merck & Co., Inc. |
117,094 | 3,132,264 | |||
| Pfizer, Inc. |
520,235 | 7,085,601 | |||
| Total Pharmaceuticals | 14,624,322 | ||||
| Investments | Shares | Value | |||
| Pipelines – 0.7% | |||||
| Oneok, Inc. |
6,409 | $ | 145,036 | ||
| Spectra Energy Corp. |
41,490 | 586,668 | |||
| Total Pipelines | 731,704 | ||||
| REITS – 7.4% | |||||
| Acadia Realty Trust |
1,887 | 20,021 | |||
| Alexandria Real Estate Equities, Inc.(a) |
1,955 | 71,162 | |||
| American Campus Communities, Inc. |
2,707 | 46,994 | |||
| Apartment Investment & Management Co. Class A |
16,318 | 89,423 | |||
| AvalonBay Communities, Inc. |
4,516 | 212,523 | |||
| BioMed Realty Trust, Inc. |
10,238 | 69,311 | |||
| Boston Properties, Inc. |
6,058 | 212,212 | |||
| Brandywine Realty Trust |
22,579 | 64,350 | |||
| BRE Properties, Inc. |
3,946 | 77,460 | |||
| Camden Property Trust |
4,897 | 105,677 | |||
| CBL & Associates Properties, Inc.(a) |
13,600 | 32,096 | |||
| Cedar Shopping Centers, Inc. |
6,615 | 11,510 | |||
| Colonial Properties Trust |
6,441 | 24,540 | |||
| Corporate Office Properties Trust SBI MD |
2,778 | 68,978 | |||
| Cousins Properties, Inc.(a) |
3,605 | 23,216 | |||
| DCT Industrial Trust, Inc. |
12,173 | 38,588 | |||
| Digital Realty Trust, Inc. |
3,001 | 99,573 | |||
| Douglas Emmett, Inc. |
6,968 | 51,494 | |||
| Duke Realty Corp.(a) |
25,646 | 141,053 | |||
| EastGroup Properties, Inc. |
1,486 | 41,712 | |||
| Entertainment Properties Trust |
3,751 | 59,116 | |||
| Equity One, Inc.(a) |
5,299 | 64,595 | |||
| Equity Residential |
18,507 | 339,603 | |||
| Essex Property Trust, Inc. |
1,403 | 80,448 | |||
| Extra Space Storage, Inc. |
8,326 | 45,876 | |||
| Federal Realty Investment Trust |
2,612 | 120,152 | |||
| First Potomac Realty Trust |
4,925 | 36,199 | |||
| Franklin Street Properties Corp. |
4,268 | 52,496 | |||
| Getty Realty Corp. |
2,367 | 43,435 | |||
| HCP, Inc. |
18,158 | 324,120 | |||
| Health Care REIT, Inc. |
7,522 | 230,098 | |||
| Healthcare Realty Trust, Inc. |
4,387 | 65,761 | |||
| Highwoods Properties, Inc. |
4,403 | 94,312 | |||
| Home Properties, Inc. |
2,379 | 72,916 | |||
| Hospitality Properties Trust |
21,483 | 257,796 | |||
| HRPT Properties Trust |
62,360 | 198,928 | |||
| Inland Real Estate Corp. |
5,316 | 37,690 | |||
| Investors Real Estate Trust* |
4,222 | 41,629 | |||
| Kilroy Realty Corp. |
2,387 | 41,033 | |||
| Kimco Realty Corp. |
25,718 | 195,971 | |||
| LaSalle Hotel Properties |
3,753 | 21,918 | |||
| Lexington Realty Trust |
13,466 | 32,049 | |||
| Liberty Property Trust |
8,720 | 165,157 | |||
| LTC Properties, Inc. |
1,832 | 32,133 | |||
| Macerich Co. (The)(a) |
12,278 | 76,860 | |||
| Mack-Cali Realty Corp. |
7,601 | 150,576 | |||
| Medical Properties Trust, Inc. |
10,913 | 39,832 | |||
| Mid-America Apartment Communities, Inc. |
1,918 | 59,132 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 23 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Equity Income Fund
March 31, 2009
| Investments | Shares | Value | |||
| National Health Investors, Inc. |
2,342 | $ | 62,930 | ||
| National Retail Properties, Inc. |
7,341 | 116,281 | |||
| Nationwide Health Properties, Inc. |
6,832 | 151,602 | |||
| Omega Healthcare Investors, Inc. |
7,198 | 101,348 | |||
| Parkway Properties, Inc. |
1,154 | 11,886 | |||
| Post Properties, Inc. |
4,885 | 49,534 | |||
| ProLogis |
61,313 | 398,535 | |||
| Public Storage Class A* |
1,101 | 25,290 | |||
| Realty Income Corp.(a) |
7,573 | 142,524 | |||
| Regency Centers Corp. |
4,918 | 130,671 | |||
| Saul Centers, Inc. |
867 | 19,915 | |||
| Senior Housing Properties Trust |
10,788 | 151,248 | |||
| Simon Property Group, Inc. |
15,426 | 534,357 | |||
| SL Green Realty Corp. |
7,188 | 77,630 | |||
| Sovran Self Storage, Inc. |
1,653 | 33,192 | |||
| Sun Communities, Inc. |
3,360 | 39,749 | |||
| Taubman Centers, Inc. |
3,369 | 57,408 | |||
| UDR, Inc. |
13,185 | 113,523 | |||
| Universal Health Realty Income Trust |
877 | 25,635 | |||
| Urstadt Biddle Properties, Inc. Class A |
1,277 | 17,137 | |||
| U-Store-It Trust |
10,209 | 20,622 | |||
| Ventas, Inc. |
10,134 | 229,130 | |||
| Vornado Realty Trust |
10,185 | 338,549 | |||
| Washington Real Estate Investment Trust |
3,265 | 56,485 | |||
| Weingarten Realty Investors |
8,907 | 84,795 | |||
| Total REITS | 7,471,700 | ||||
| Retail – 1.0% | |||||
| Barnes & Noble, Inc.(a) |
3,920 | 83,810 | |||
| Brinker International, Inc. |
4,249 | 64,160 | |||
| Brown Shoe Co., Inc. |
1,747 | 6,551 | |||
| Cato Corp. (The) Class A |
1,371 | 25,062 | |||
| Foot Locker, Inc. |
12,559 | 131,618 | |||
| Ltd. Brands, Inc. |
22,534 | 196,046 | |||
| Macy’s, Inc. |
21,772 | 193,771 | |||
| Nordstrom, Inc.(a) |
11,472 | 192,156 | |||
| PEP Boys-Manny, Moe & Jack |
4,015 | 17,706 | |||
| Williams-Sonoma, Inc. |
6,528 | 65,802 | |||
| Total Retail | 976,682 | ||||
| Savings & Loans – 0.6% | |||||
| Astoria Financial Corp. |
6,476 | 59,514 | |||
| Capitol Federal Financial |
3,572 | 135,057 | |||
| First Financial Holdings, Inc. |
618 | 4,728 | |||
| New York Community Bancorp, Inc.(a) |
29,632 | 330,990 | |||
| Washington Federal, Inc. |
4,921 | 65,400 | |||
| Total Savings & Loans | 595,689 | ||||
| Semiconductors – 0.9% | |||||
| Analog Devices, Inc. |
12,742 | 245,539 | |||
| Intersil Corp. Class A |
6,906 | 79,419 | |||
| Maxim Integrated Products, Inc. |
21,392 | 282,588 | |||
| Microchip Technology, Inc. |
13,233 | 280,407 | |||
| Total Semiconductors | 887,953 | ||||
| Investments | Shares | Value | ||||
| Software – 0.0% | ||||||
| Computer Programs & Systems, Inc. |
631 | $ | 20,993 | |||
| Telecommunications – 15.8% | ||||||
| Alaska Communications Systems Group, Inc. |
4,326 | 28,984 | ||||
| AT&T, Inc. |
349,613 | 8,810,248 | ||||
| CenturyTel, Inc. |
11,326 | 318,487 | ||||
| Consolidated Communications Holdings, Inc. |
4,067 | 41,728 | ||||
| Embarq Corp. |
12,891 | 487,924 | ||||
| Frontier Communications Corp. |
38,020 | 272,984 | ||||
| Iowa Telecommunications Services, Inc. |
3,588 | 41,119 | ||||
| NTELOS Holdings Corp. |
1,831 | 33,214 | ||||
| Qwest Communications International, Inc. |
163,805 | 560,213 | ||||
| Verizon Communications, Inc. |
164,195 | 4,958,689 | ||||
| Windstream Corp. |
50,157 | 404,265 | ||||
| Total Telecommunications | 15,957,855 | |||||
| Toys/Games/Hobbies – 0.2% | ||||||
| Mattel, Inc. |
18,685 | 215,438 | ||||
| Transportation – 0.0% | ||||||
| Overseas Shipholding Group, Inc. |
1,294 | 29,335 | ||||
| TOTAL COMMON STOCKS (Cost: $161,834,247) | 99,985,837 | |||||
| SHORT-TERM INVESTMENT – 0.5% | ||||||
| MONEY MARKET FUND – 0.5% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $529,142) |
529,142 | 529,142 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.3% | ||||||
| MONEY MARKET FUND – 3.3% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $3,333,256)(d) |
3,333,256 | 3,333,256 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 102.7% (Cost: $165,696,645) | 103,848,235 | |||||
| Liabilities in Excess of Other Assets – (2.7)% |
(2,756,742 | ) | ||||
| NET ASSETS – 100.0% | $ | 101,091,493 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $3,321,193 and the total market value of the collateral held by the Fund was $3,333,256. |
See Notes to Financial Statements.
| 24 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.5% | |||||
| Advertising – 0.1% | |||||
| Omnicom Group, Inc. |
10,828 | $ | 253,375 | ||
| Aerospace/Defense – 2.5% | |||||
| Boeing Co. |
43,510 | 1,548,086 | |||
| General Dynamics Corp. |
14,929 | 620,897 | |||
| Goodrich Corp. |
5,318 | 201,499 | |||
| L-3 Communications Holdings, Inc. |
3,028 | 205,299 | |||
| Lockheed Martin Corp. |
17,493 | 1,207,542 | |||
| Northrop Grumman Corp. |
18,802 | 820,519 | |||
| Raytheon Co. |
14,281 | 556,102 | |||
| Rockwell Collins, Inc. |
6,137 | 200,312 | |||
| United Technologies Corp. |
43,535 | 1,871,134 | |||
| Total Aerospace/Defense | 7,231,390 | ||||
| Agriculture – 4.3% | |||||
| Altria Group, Inc. |
262,751 | 4,209,271 | |||
| Archer-Daniels-Midland Co. |
18,301 | 508,402 | |||
| Lorillard, Inc.* |
16,444 | 1,015,252 | |||
| Philip Morris International, Inc. |
159,588 | 5,678,141 | |||
| Reynolds American, Inc. |
37,432 | 1,341,563 | |||
| Total Agriculture | 12,752,629 | ||||
| Airlines – 0.0% | |||||
| Southwest Airlines Co. |
2,501 | 15,831 | |||
| Apparel – 0.3% | |||||
| NIKE, Inc. Class B |
11,737 | 550,348 | |||
| VF Corp. |
7,191 | 410,678 | |||
| Total Apparel | 961,026 | ||||
| Auto Manufacturers – 0.1% | |||||
| PACCAR, Inc. |
14,205 | 365,921 | |||
| Auto Parts & Equipment – 0.1% | |||||
| Johnson Controls, Inc. |
26,374 | 316,488 | |||
| Banks – 10.7% | |||||
| Bank of America Corp. |
952,228 | 6,494,195 | |||
| Bank of New York Mellon Corp. (The) |
63,792 | 1,802,124 | |||
| BB&T Corp.(a) |
57,483 | 972,612 | |||
| Capital One Financial Corp. |
28,507 | 348,926 | |||
| Fifth Third Bancorp(a) |
67,991 | 198,534 | |||
| Goldman Sachs Group, Inc. (The) |
11,807 | 1,251,778 | |||
| JPMorgan Chase & Co. |
285,939 | 7,600,258 | |||
| KeyCorp |
23,140 | 182,112 | |||
| M&T Bank Corp.(a) |
8,196 | 370,787 | |||
| Marshall & Ilsley Corp. |
40,441 | 227,683 | |||
| Morgan Stanley |
113,430 | 2,582,801 | |||
| Northern Trust Corp. |
7,543 | 451,222 | |||
| PNC Financial Services Group, Inc. |
34,754 | 1,017,945 | |||
| Regions Financial Corp. |
50,319 | 214,359 | |||
| State Street Corp. |
16,023 | 493,188 | |||
| SunTrust Banks, Inc. |
39,786 | 467,088 | |||
| U.S. Bancorp |
184,232 | 2,691,629 | |||
| Wells Fargo & Co. |
290,759 | 4,140,408 | |||
| Zions Bancorp. |
9,264 | 91,065 | |||
| Total Banks | 31,598,714 | ||||
| Investments | Shares | Value | |||
| Beverages – 3.3% | |||||
| Brown-Forman Corp. Class B |
3,297 | $ | 128,022 | ||
| Coca-Cola Co. (The) |
120,111 | 5,278,878 | |||
| Coca-Cola Enterprises, Inc. |
18,000 | 237,420 | |||
| Molson Coors Brewing Co. Class B |
4,203 | 144,079 | |||
| Pepsi Bottling Group, Inc. |
10,028 | 222,020 | |||
| PepsiCo, Inc. |
74,924 | 3,857,088 | |||
| Total Beverages | 9,867,507 | ||||
| Building Materials – 0.0% | |||||
| Martin Marietta Materials, Inc. |
1,062 | 84,217 | |||
| Chemicals – 2.4% | |||||
| Air Products & Chemicals, Inc. |
12,053 | 677,981 | |||
| Dow Chemical Co. (The) |
117,512 | 990,626 | |||
| E.I. Du Pont de Nemours & Co. |
88,619 | 1,978,862 | |||
| Ecolab, Inc. |
5,444 | 189,070 | |||
| Monsanto Co.* |
11,189 | 929,806 | |||
| Mosaic Co. (The) |
4,070 | 170,859 | |||
| PPG Industries, Inc. |
12,852 | 474,239 | |||
| Praxair, Inc. |
12,276 | 826,052 | |||
| Rohm & Haas Co. |
7,225 | 569,619 | |||
| Sherwin-Williams Co. (The) |
4,477 | 232,670 | |||
| Sigma-Aldrich Corp. |
2,379 | 89,902 | |||
| Total Chemicals | 7,129,686 | ||||
| Coal – 0.1% | |||||
| Consol Energy, Inc. |
3,735 | 94,271 | |||
| Peabody Energy Corp. |
4,125 | 103,290 | |||
| Total Coal | 197,561 | ||||
| Commercial Services – 0.9% | |||||
| Automatic Data Processing, Inc. |
27,277 | 959,059 | |||
| DeVry, Inc. |
443 | 21,344 | |||
| H&R Block, Inc. |
14,507 | 263,882 | |||
| Mastercard, Inc. Class A |
608 | 101,828 | |||
| McKesson Corp. |
5,265 | 184,486 | |||
| Moody’s Corp. |
6,852 | 157,048 | |||
| Paychex, Inc. |
26,275 | 674,479 | |||
| Visa, Inc. Class A |
5,277 | 293,401 | |||
| Western Union Co. (The) |
3,250 | 40,853 | |||
| Total Commercial Services | 2,696,380 | ||||
| Computers – 2.0% | |||||
| Hewlett-Packard Co. |
33,875 | 1,086,032 | |||
| International Business Machines Corp. |
49,047 | 4,752,164 | |||
| Total Computers | 5,838,196 | ||||
| Cosmetics/Personal Care – 2.5% | |||||
| Avon Products, Inc. |
22,171 | 426,348 | |||
| Colgate-Palmolive Co. |
19,513 | 1,150,877 | |||
| Procter & Gamble Co. (The) |
120,384 | 5,668,883 | |||
| Total Cosmetics/Personal Care | 7,246,108 | ||||
| Distribution/Wholesale – 0.2% | |||||
| Fastenal Co.(a) |
3,467 | 111,481 | |||
| Genuine Parts Co. |
10,154 | 303,198 | |||
| W.W. Grainger, Inc. |
2,509 | 176,082 | |||
| Total Distribution/Wholesale | 590,761 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Diversified Financial Services – 1.2% | |||||
| American Express Co. |
65,657 | $ | 894,905 | ||
| Ameriprise Financial, Inc. |
9,684 | 198,425 | |||
| BlackRock, Inc. |
4,142 | 538,626 | |||
| Charles Schwab Corp. (The) |
27,436 | 425,258 | |||
| CME Group, Inc. |
2,149 | 529,492 | |||
| Discover Financial Services |
19,316 | 121,884 | |||
| Franklin Resources, Inc. |
4,327 | 233,096 | |||
| NYSE Euronext |
17,988 | 321,985 | |||
| T. Rowe Price Group, Inc. |
11,462 | 330,793 | |||
| Total Diversified Financial Services | 3,594,464 | ||||
| Electric – 6.3% | |||||
| Allegheny Energy, Inc. |
4,742 | 109,872 | |||
| Ameren Corp. |
25,202 | 584,434 | |||
| American Electric Power Co., Inc. |
32,193 | 813,195 | |||
| Consolidated Edison, Inc. |
25,809 | 1,022,295 | |||
| Constellation Energy Group, Inc. |
21,498 | 444,149 | |||
| Dominion Resources, Inc. |
40,857 | 1,266,159 | |||
| DTE Energy Co. |
15,092 | 418,048 | |||
| Duke Energy Corp. |
121,925 | 1,745,966 | |||
| Edison International |
19,184 | 552,691 | |||
| Entergy Corp. |
10,482 | 713,719 | |||
| Exelon Corp. |
39,581 | 1,796,582 | |||
| FirstEnergy Corp. |
20,515 | 791,879 | |||
| FPL Group, Inc. |
22,415 | 1,137,113 | |||
| MDU Resources Group, Inc. |
8,303 | 134,010 | |||
| Northeast Utilities |
9,156 | 197,678 | |||
| NSTAR |
6,675 | 212,799 | |||
| Pepco Holdings, Inc. |
20,868 | 260,433 | |||
| PG&E Corp. |
22,194 | 848,255 | |||
| PPL Corp. |
25,419 | 729,780 | |||
| Progress Energy, Inc. |
25,684 | 931,302 | |||
| Public Service Enterprise Group, Inc. |
34,711 | 1,022,933 | |||
| SCANA Corp. |
9,597 | 296,451 | |||
| Southern Co. (The) |
55,602 | 1,702,533 | |||
| Wisconsin Energy Corp. |
4,078 | 167,891 | |||
| Xcel Energy, Inc. |
35,333 | 658,254 | |||
| Total Electric | 18,558,421 | ||||
| Electrical Components & Equipment – 0.5% | |||||
| Ametek, Inc. |
1,318 | 41,214 | |||
| Emerson Electric Co. |
45,415 | 1,297,961 | |||
| Total Electrical Components & Equipment | 1,339,175 | ||||
| Electronics – 0.0% | |||||
| Amphenol Corp. Class A |
1,084 | 30,883 | |||
| Engineering & Construction – 0.0% | |||||
| Fluor Corp. |
2,954 | 102,061 | |||
| Environmental Control – 0.3% | |||||
| Republic Services, Inc. |
9,454 | 162,136 | |||
| Waste Management, Inc. |
26,249 | 671,974 | |||
| Total Environmental Control | 834,110 | ||||
| Investments | Shares | Value | |||
| Food – 2.6% | |||||
| Campbell Soup Co. |
19,326 | $ | 528,759 | ||
| ConAgra Foods, Inc. |
32,562 | 549,321 | |||
| General Mills, Inc. |
14,908 | 743,611 | |||
| H.J. Heinz Co. |
21,427 | 708,376 | |||
| Hershey Co. (The) |
8,731 | 303,402 | |||
| J.M. Smucker Co. (The) |
5,525 | 205,917 | |||
| Kellogg Co. |
18,614 | 681,831 | |||
| Kraft Foods, Inc. Class A |
97,847 | 2,181,010 | |||
| Kroger Co. (The) |
14,188 | 301,069 | |||
| Safeway, Inc. |
9,383 | 189,443 | |||
| Sara Lee Corp. |
49,671 | 401,342 | |||
| Sysco Corp. |
36,900 | 841,320 | |||
| Total Food | 7,635,401 | ||||
| Forest Products & Paper – 0.5% | |||||
| International Paper Co. |
53,633 | 377,576 | |||
| Plum Creek Timber Co., Inc. |
12,034 | 349,829 | |||
| Weyerhaeuser Co. |
23,163 | 638,604 | |||
| Total Forest Products & Paper | 1,366,009 | ||||
| Gas – 0.3% | |||||
| Centerpoint Energy, Inc. |
30,357 | 316,623 | |||
| Sempra Energy |
12,857 | 594,508 | |||
| Total Gas | 911,131 | ||||
| Healthcare-Products – 3.4% | |||||
| Baxter International, Inc. |
18,388 | 941,833 | |||
| Becton Dickinson & Co. |
7,416 | 498,652 | |||
| C.R. Bard, Inc. |
1,106 | 88,170 | |||
| DENTSPLY International, Inc. |
1,477 | 39,658 | |||
| Johnson & Johnson |
132,750 | 6,982,650 | |||
| Medtronic, Inc. |
40,389 | 1,190,264 | |||
| Stryker Corp. |
5,218 | 177,621 | |||
| Total Healthcare-Products | 9,918,848 | ||||
| Healthcare-Services – 0.1% | |||||
| Aetna, Inc. |
1,195 | 29,075 | |||
| Quest Diagnostics, Inc. |
2,467 | 117,133 | |||
| UnitedHealth Group, Inc. |
2,483 | 51,969 | |||
| Total Healthcare-Services | 198,177 | ||||
| Household Products/Wares – 0.7% | |||||
| Church & Dwight Co., Inc. |
614 | 32,069 | |||
| Clorox Co. |
7,172 | 369,215 | |||
| Fortune Brands, Inc. |
9,788 | 240,295 | |||
| Kimberly-Clark Corp. |
28,907 | 1,332,902 | |||
| Total Household Products/Wares | 1,974,481 | ||||
| Housewares – 0.1% | |||||
| Newell Rubbermaid, Inc. |
37,693 | 240,481 | |||
| Insurance – 1.7% | |||||
| Allstate Corp. (The) |
41,991 | 804,128 | |||
| American Family Life Assurance Co., Inc. |
17,462 | 338,064 | |||
| AON Corp. |
5,671 | 231,490 | |||
| Chubb Corp. |
14,570 | 616,602 | |||
See Notes to Financial Statements.
| 26 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Cincinnati Financial Corp. |
13,105 | $ | 299,711 | ||
| Loews Corp. |
5,932 | 131,097 | |||
| Marsh & McLennan Cos., Inc. |
27,194 | 550,679 | |||
| Metlife, Inc. |
24,199 | 551,011 | |||
| Principal Financial Group, Inc. |
8,983 | 73,481 | |||
| Prudential Financial, Inc. |
12,626 | 240,147 | |||
| Travelers Cos., Inc. (The) |
25,212 | 1,024,616 | |||
| Unum Group |
8,162 | 102,025 | |||
| W.R. Berkley Corp. |
1,694 | 38,200 | |||
| Total Insurance | 5,001,251 | ||||
| Iron/Steel – 0.2% | |||||
| Nucor Corp. |
14,454 | 551,709 | |||
| Leisure Time – 0.1% | |||||
| Harley-Davidson, Inc.(a) |
28,220 | 377,866 | |||
| Lodging – 0.1% | |||||
| Marriott International, Inc. Class A |
10,647 | 174,185 | |||
| Machinery-Construction & Mining – 0.3% | |||||
| Caterpillar, Inc. |
36,131 | 1,010,223 | |||
| Machinery-Diversified – 0.3% | |||||
| Cummins, Inc. |
7,801 | 198,535 | |||
| Deere & Co. |
18,466 | 606,977 | |||
| Rockwell Automation, Inc. |
8,127 | 177,494 | |||
| Roper Industries, Inc. |
961 | 40,795 | |||
| Total Machinery-Diversified | 1,023,801 | ||||
| Media – 1.4% | |||||
| CBS Corp. Class B |
133,655 | 513,235 | |||
| Comcast Corp. Class A |
49,828 | 679,654 | |||
| Comcast Corp. Special Class A |
20,214 | 260,154 | |||
| McGraw-Hill Cos., Inc. (The) |
17,686 | 404,479 | |||
| News Corp. Class A |
38,892 | 257,465 | |||
| News Corp. Class B(a) |
16,904 | 130,161 | |||
| Time Warner Cable, Inc. Class A* |
11,456 | 284,109 | |||
| Time Warner, Inc.* |
45,640 | 880,846 | |||
| Walt Disney Co. (The) |
44,064 | 800,202 | |||
| Total Media | 4,210,305 | ||||
| Metal Fabricate/Hardware – 0.0% | |||||
| Precision Castparts Corp. |
448 | 26,835 | |||
| Mining – 1.1% | |||||
| Alcoa, Inc. |
85,575 | 628,120 | |||
| Newmont Mining Corp. |
6,992 | 312,962 | |||
| Southern Copper Corp.(a) |
120,740 | 2,103,291 | |||
| Vulcan Materials Co.(a) |
4,956 | 219,501 | |||
| Total Mining | 3,263,874 | ||||
| Miscellaneous Manufacturing – 5.8% | |||||
| 3M Co. |
37,719 | 1,875,389 | |||
| Danaher Corp. |
910 | 49,340 | |||
| Dover Corp. |
9,204 | 242,801 | |||
| Eaton Corp. |
11,098 | 409,072 | |||
| General Electric Co. |
1,206,329 | 12,195,986 | |||
| Honeywell International, Inc. |
37,209 | 1,036,643 | |||
| Illinois Tool Works, Inc. |
28,979 | 894,002 | |||
| ITT Corp. |
4,380 | 168,499 | |||
| Investments | Shares | Value | |||
| Parker Hannifin Corp. |
6,539 | $ | 222,195 | ||
| Textron, Inc. |
22,381 | 128,467 | |||
| Total Miscellaneous Manufacturing | 17,222,394 | ||||
| Office/Business Equipment – 0.2% | |||||
| Pitney Bowes, Inc. |
17,797 | 415,560 | |||
| Xerox Corp. |
26,929 | 122,527 | |||
| Total Office/Business Equipment | 538,087 | ||||
| Oil & Gas – 9.6% | |||||
| Anadarko Petroleum Corp. |
6,891 | 267,990 | |||
| Apache Corp. |
4,232 | 271,229 | |||
| Chesapeake Energy Corp. |
17,107 | 291,845 | |||
| Chevron Corp. |
114,213 | 7,679,682 | |||
| ConocoPhillips |
84,421 | 3,305,926 | |||
| Devon Energy Corp. |
6,400 | 286,016 | |||
| Diamond Offshore Drilling, Inc. |
1,719 | 108,056 | |||
| ENSCO International, Inc. |
733 | 19,351 | |||
| EOG Resources, Inc. |
3,145 | 172,220 | |||
| EQT Corp. |
5,635 | 176,545 | |||
| Exxon Mobil Corp. |
165,395 | 11,263,400 | |||
| Hess Corp. |
4,258 | 230,784 | |||
| Marathon Oil Corp. |
40,053 | 1,052,993 | |||
| Murphy Oil Corp. |
6,483 | 290,244 | |||
| Noble Energy, Inc. |
3,903 | 210,294 | |||
| Occidental Petroleum Corp. |
28,140 | 1,565,991 | |||
| Questar Corp. |
3,619 | 106,507 | |||
| Range Resources Corp. |
1,159 | 47,705 | |||
| Sunoco, Inc. |
4,927 | 130,467 | |||
| Valero Energy Corp. |
20,815 | 372,589 | |||
| XTO Energy, Inc. |
11,295 | 345,853 | |||
| Total Oil & Gas | 28,195,687 | ||||
| Oil & Gas Services – 0.3% | |||||
| Baker Hughes, Inc. |
9,093 | 259,605 | |||
| Halliburton Co. |
28,151 | 435,496 | |||
| Smith International, Inc. |
6,837 | 146,859 | |||
| Total Oil & Gas Services | 841,960 | ||||
| Pharmaceuticals – 9.8% | |||||
| Abbott Laboratories |
65,526 | 3,125,590 | |||
| Allergan, Inc. |
2,492 | 119,018 | |||
| AmerisourceBergen Corp. |
2,923 | 95,465 | |||
| Bristol-Myers Squibb Co. |
163,588 | 3,585,849 | |||
| Cardinal Health, Inc. |
8,930 | 281,116 | |||
| Eli Lilly & Co. |
85,104 | 2,843,325 | |||
| Merck & Co., Inc. |
172,060 | 4,602,605 | |||
| Pfizer, Inc. |
762,101 | 10,379,816 | |||
| Schering-Plough Corp. |
37,560 | 884,538 | |||
| Wyeth |
65,713 | 2,828,287 | |||
| Total Pharmaceuticals | 28,745,609 | ||||
| Pipelines – 0.5% | |||||
| El Paso Corp. |
29,673 | 185,456 | |||
| Spectra Energy Corp. |
61,320 | 867,065 | |||
| Williams Cos., Inc. (The) |
27,716 | 315,408 | |||
| Total Pipelines | 1,367,929 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 27 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| REITS – 1.3% | |||||
| AvalonBay Communities, Inc. |
6,456 | $ | 303,819 | ||
| Boston Properties, Inc. |
8,848 | 309,946 | |||
| Equity Residential |
27,045 | 496,276 | |||
| HCP, Inc. |
26,791 | 478,219 | |||
| Health Care REIT, Inc. |
10,908 | 333,676 | |||
| Kimco Realty Corp. |
38,150 | 290,703 | |||
| Public Storage |
7,662 | 423,326 | |||
| Simon Property Group, Inc. |
22,880 | 792,563 | |||
| Vornado Realty Trust |
14,876 | 494,478 | |||
| Total REITS | 3,923,006 | ||||
| Retail – 5.5% | |||||
| Best Buy Co., Inc. |
12,557 | 476,664 | |||
| Costco Wholesale Corp. |
7,965 | 368,939 | |||
| CVS/Caremark Corp. |
22,362 | 614,731 | |||
| Family Dollar Stores, Inc. |
3,874 | 129,275 | |||
| Gap, Inc. (The) |
26,828 | 348,496 | |||
| Home Depot, Inc. |
96,739 | 2,279,171 | |||
| J.C. Penney Co., Inc. |
13,371 | 268,356 | |||
| Lowe’s Cos., Inc. |
33,777 | 616,430 | |||
| McDonald’s Corp. |
56,547 | 3,085,770 | |||
| Staples, Inc. |
19,624 | 355,391 | |||
| Target Corp. |
21,529 | 740,382 | |||
| Tim Hortons, Inc. |
3,810 | 96,660 | |||
| TJX Cos., Inc. |
13,629 | 349,447 | |||
| Walgreen Co. |
26,234 | 681,035 | |||
| Wal-Mart Stores, Inc. |
101,860 | 5,306,906 | |||
| Yum! Brands, Inc. |
17,581 | 483,126 | |||
| Total Retail | 16,200,779 | ||||
| Savings & Loans – 0.4% | |||||
| Hudson City Bancorp, Inc. |
28,922 | 338,098 | |||
| New York Community Bancorp, Inc.(a) |
43,340 | 484,108 | |||
| People’s United Financial, Inc. |
18,200 | 327,054 | |||
| TFS Financial Corp. |
7,188 | 87,190 | |||
| Total Savings & Loans | 1,236,450 | ||||
| Semiconductors – 2.7% | |||||
| Altera Corp. |
4,937 | 86,644 | |||
| Analog Devices, Inc. |
18,694 | 360,233 | |||
| Applied Materials, Inc. |
47,914 | 515,076 | |||
| Intel Corp. |
329,507 | 4,959,080 | |||
| Linear Technology Corp. |
12,907 | 296,603 | |||
| Maxim Integrated Products, Inc. |
31,791 | 419,959 | |||
| Texas Instruments, Inc. |
58,632 | 968,014 | |||
| Xilinx, Inc. |
13,866 | 265,673 | |||
| Total Semiconductors | 7,871,282 | ||||
| Software – 2.4% | |||||
| CA, Inc. |
6,075 | 106,981 | |||
| Dun & Bradstreet Corp. |
1,260 | 97,020 | |||
| Microsoft Corp. |
370,053 | 6,797,873 | |||
| Total Software | 7,001,874 | ||||
| Investments | Shares | Value | ||||
| Telecommunications – 8.5% | ||||||
| AT&T, Inc. |
511,908 | $ | 12,900,082 | |||
| Corning, Inc. |
53,450 | 709,281 | ||||
| Embarq Corp. |
18,814 | 712,110 | ||||
| Harris Corp. |
4,505 | 130,375 | ||||
| QUALCOMM, Inc. |
46,287 | 1,801,027 | ||||
| Qwest Communications International, Inc. |
242,241 | 828,464 | ||||
| Verizon Communications, Inc. |
240,546 | 7,264,489 | ||||
| Windstream Corp. |
73,865 | 595,352 | ||||
| Total Telecommunications | 24,941,180 | |||||
| Textiles – 0.0% | ||||||
| Cintas Corp.* |
3,857 | 95,345 | ||||
| Toys/Games/Hobbies – 0.2% | ||||||
| Hasbro, Inc. |
5,989 | 150,144 | ||||
| Mattel, Inc. |
27,314 | 314,931 | ||||
| Total Toys/Games/Hobbies | 465,075 | |||||
| Transportation – 1.6% | ||||||
| Burlington Northern Santa Fe Corp. |
11,459 | 689,259 | ||||
| C.H. Robinson Worldwide, Inc. |
4,878 | 222,486 | ||||
| CSX Corp. |
16,742 | 432,781 | ||||
| Expeditors International Washington, Inc. |
2,961 | 83,767 | ||||
| FedEx Corp. |
3,327 | 148,018 | ||||
| Norfolk Southern Corp. |
16,107 | 543,611 | ||||
| Union Pacific Corp. |
18,077 | 743,145 | ||||
| United Parcel Service, Inc. Class B |
35,231 | 1,734,070 | ||||
| Total Transportation | 4,597,137 | |||||
| TOTAL COMMON STOCKS (Cost: $422,971,306) |
292,733,275 | |||||
| SHORT-TERM INVESTMENT – 0.1% | ||||||
| MONEY MARKET FUND – 0.1% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $403,179) |
403,179 | 403,179 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5% | ||||||
| MONEY MARKET FUND – 1.5% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $4,357,334)(d) |
4,357,334 | 4,357,334 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $427,731,819) |
297,493,788 | |||||
| Liabilities in Excess of Other Assets – (1.1)% |
(3,358,749 | ) | ||||
| NET ASSETS – 100.0% | $ | 294,135,039 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $4,296,768 and the total market value of the collateral held by the Fund was $4,357,334. |
See Notes to Financial Statements.
| 28 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree Dividend ex-Financials Fund†
(formerly WisdomTree Dividend Top 100 Fund)
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 98.9% | |||||
| Aerospace/Defense – 1.5% | |||||
| Boeing Co. |
20,064 | $ | 713,877 | ||
| Northrop Grumman Corp. |
20,280 | 885,019 | |||
| Total Aerospace/Defense | 1,598,896 | ||||
| Agriculture – 5.6% | |||||
| Altria Group, Inc. |
116,090 | 1,859,762 | |||
| Lorillard, Inc.* |
23,397 | 1,444,531 | |||
| Philip Morris International, Inc. |
26,842 | 955,038 | |||
| Reynolds American, Inc. |
44,597 | 1,598,357 | |||
| Total Agriculture | 5,857,688 | ||||
| Apparel – 1.0% | |||||
| VF Corp. |
18,194 | 1,039,059 | |||
| Banks – 11.3% | |||||
| Bank of America Corp. |
305,013 | 2,080,189 | |||
| BB&T Corp.(a) |
50,950 | 862,074 | |||
| Capital One Financial Corp. |
30,619 | 374,776 | |||
| JPMorgan Chase & Co. |
35,760 | 950,501 | |||
| M&T Bank Corp.(a) |
17,317 | 783,421 | |||
| Marshall & Ilsley Corp. |
145,244 | 817,724 | |||
| Morgan Stanley |
107,406 | 2,445,635 | |||
| PNC Financial Services Group, Inc. |
25,544 | 748,184 | |||
| Regions Financial Corp. |
106,199 | 452,408 | |||
| SunTrust Banks, Inc. |
52,114 | 611,818 | |||
| U.S. Bancorp |
56,771 | 829,424 | |||
| Wells Fargo & Co. |
36,130 | 514,491 | |||
| Zions Bancorp. |
35,745 | 351,373 | |||
| Total Banks | 11,822,018 | ||||
| Beverages – 0.8% | |||||
| Pepsi Bottling Group, Inc. |
38,303 | 848,029 | |||
| Chemicals – 2.9% | |||||
| Dow Chemical Co. (The) |
98,146 | 827,371 | |||
| E.I. Du Pont de Nemours & Co. |
56,999 | 1,272,787 | |||
| PPG Industries, Inc. |
25,502 | 941,024 | |||
| Total Chemicals | 3,041,182 | ||||
| Commercial Services – 0.9% | |||||
| Paychex, Inc. |
36,460 | 935,928 | |||
| Cosmetics/Personal Care – 0.7% | |||||
| Avon Products, Inc. |
35,746 | 687,396 | |||
| Distribution/Wholesale – 0.7% | |||||
| Genuine Parts Co. |
23,150 | 691,259 | |||
| Diversified Financial Services – 0.7% | |||||
| NYSE Euronext |
42,938 | 768,590 | |||
| Electric – 16.8% | |||||
| Ameren Corp. |
48,098 | 1,115,393 | |||
| American Electric Power Co., Inc. |
36,663 | 926,107 | |||
| Consolidated Edison, Inc. |
33,325 | 1,320,003 | |||
| Constellation Energy Group, Inc. |
70,367 | 1,453,782 | |||
| Dominion Resources, Inc. |
27,066 | 838,775 | |||
| DTE Energy Co. |
36,183 | 1,002,269 | |||
| Investments | Shares | Value | |||
| Duke Energy Corp. |
89,605 | $ | 1,283,144 | ||
| Exelon Corp. |
15,600 | 708,084 | |||
| NSTAR |
25,949 | 827,254 | |||
| Pepco Holdings, Inc. |
79,217 | 988,628 | |||
| PG&E Corp. |
23,280 | 889,762 | |||
| PPL Corp. |
29,243 | 839,566 | |||
| Progress Energy, Inc. |
35,391 | 1,283,278 | |||
| Public Service Enterprise Group, Inc. |
31,861 | 938,944 | |||
| SCANA Corp. |
34,709 | 1,072,161 | |||
| Southern Co. (The) |
28,293 | 866,332 | |||
| Xcel Energy, Inc. |
61,144 | 1,139,113 | |||
| Total Electric | 17,492,595 | ||||
| Electrical Components & Equipment – 0.7% | |||||
| Emerson Electric Co. |
24,330 | 695,351 | |||
| Environmental Control – 0.7% | |||||
| Waste Management, Inc. |
26,334 | 674,150 | |||
| Food – 4.4% | |||||
| ConAgra Foods, Inc. |
71,308 | 1,202,966 | |||
| H.J. Heinz Co. |
25,555 | 844,848 | |||
| Kraft Foods, Inc. Class A |
35,623 | 794,037 | |||
| Sara Lee Corp. |
108,802 | 879,120 | |||
| Sysco Corp. |
38,095 | 868,566 | |||
| Total Food | 4,589,537 | ||||
| Forest Products & Paper – 2.9% | |||||
| International Paper Co. |
142,394 | 1,002,454 | |||
| Plum Creek Timber Co., Inc. |
28,714 | 834,716 | |||
| Weyerhaeuser Co. |
42,441 | 1,170,098 | |||
| Total Forest Products & Paper | 3,007,268 | ||||
| Gas – 1.0% | |||||
| Centerpoint Energy, Inc. |
101,114 | 1,054,619 | |||
| Household Products/Wares – 1.4% | |||||
| Fortune Brands, Inc. |
25,665 | 630,076 | |||
| Kimberly-Clark Corp. |
17,288 | 797,150 | |||
| Total Household Products/Wares | 1,427,226 | ||||
| Housewares – 0.9% | |||||
| Newell Rubbermaid, Inc. |
149,411 | 953,242 | |||
| Insurance – 1.7% | |||||
| Allstate Corp. (The) |
45,528 | 871,861 | |||
| Cincinnati Financial Corp. |
39,063 | 893,371 | |||
| Total Insurance | 1,765,232 | ||||
| Iron/Steel – 0.7% | |||||
| Nucor Corp. |
19,389 | 740,078 | |||
| Leisure Time – 1.3% | |||||
| Harley-Davidson, Inc.(a) |
102,424 | 1,371,457 | |||
| Machinery-Construction & Mining – 0.6% | |||||
| Caterpillar, Inc. |
20,900 | 584,364 | |||
| Media – 1.8% | |||||
| CBS Corp. Class B |
483,601 | 1,857,028 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 29 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dividend ex-Financials Fund†
(formerly WisdomTree Dividend Top 100 Fund)
March 31, 2009
| Investments | Shares | Value | |||
| Mining – 3.5% | |||||
| Alcoa, Inc. |
152,805 | $ | 1,121,589 | ||
| Southern Copper Corp.(a) |
143,436 | 2,498,655 | |||
| Total Mining | 3,620,244 | ||||
| Miscellaneous Manufacturing – 2.9% | |||||
| Eaton Corp. |
21,337 | 786,482 | |||
| General Electric Co. |
97,261 | 983,309 | |||
| Honeywell International, Inc. |
26,751 | 745,283 | |||
| Textron, Inc. |
86,459 | 496,274 | |||
| Total Miscellaneous Manufacturing | 3,011,348 | ||||
| Office/Business Equipment – 1.1% | |||||
| Pitney Bowes, Inc. |
50,871 | 1,187,838 | |||
| Pharmaceuticals – 4.7% | |||||
| Bristol-Myers Squibb Co. |
58,257 | 1,276,994 | |||
| Eli Lilly & Co. |
32,179 | 1,075,100 | |||
| Merck & Co., Inc. |
44,263 | 1,184,035 | |||
| Pfizer, Inc. |
101,086 | 1,376,791 | |||
| Total Pharmaceuticals | 4,912,920 | ||||
| Pipelines – 1.2% | |||||
| Spectra Energy Corp. |
88,535 | 1,251,885 | |||
| REITS – 7.6% | |||||
| AvalonBay Communities, Inc. |
20,120 | 946,847 | |||
| Boston Properties, Inc. |
19,452 | 681,404 | |||
| Equity Residential |
46,412 | 851,660 | |||
| HCP, Inc. |
72,484 | 1,293,839 | |||
| Health Care REIT, Inc. |
39,241 | 1,200,382 | |||
| Kimco Realty Corp. |
141,266 | 1,076,447 | |||
| Simon Property Group, Inc. |
29,773 | 1,031,337 | |||
| Vornado Realty Trust |
25,328 | 841,903 | |||
| Total REITS | 7,923,819 | ||||
| Retail – 1.7% | |||||
| Home Depot, Inc. |
34,619 | 815,624 | |||
| J.C. Penney Co., Inc. |
46,229 | 927,816 | |||
| Total Retail | 1,743,440 | ||||
| Savings & Loans – 1.5% | |||||
| New York Community Bancorp, Inc.(a) |
141,404 | 1,579,483 | |||
| Semiconductors – 4.2% | |||||
| Analog Devices, Inc. |
53,264 | 1,026,397 | |||
| Intel Corp. |
61,161 | 920,473 | |||
| Linear Technology Corp. |
41,067 | 943,720 | |||
| Maxim Integrated Products, Inc. |
115,823 | 1,530,022 | |||
| Total Semiconductors | 4,420,612 | ||||
| Telecommunications – 8.6% | |||||
| AT&T, Inc. |
43,833 | 1,104,592 | |||
| Embarq Corp. |
59,649 | 2,257,715 | |||
| Qwest Communications International, Inc. |
672,289 | 2,299,228 | |||
| Verizon Communications, Inc. |
37,427 | 1,130,295 | |||
| Windstream Corp. |
275,431 | 2,219,974 | |||
| Total Telecommunications | 9,011,804 | ||||
| Investments | Shares | Value | ||||
| Toys/Games/Hobbies – 0.9% | ||||||
| Mattel, Inc. |
80,983 | $ | 933,734 | |||
| TOTAL COMMON STOCKS (Cost: $161,498,965) |
103,099,319 | |||||
| SHORT-TERM INVESTMENT – 0.7% | ||||||
| MONEY MARKET FUND – 0.7% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $719,398) |
719,398 | 719,398 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% | ||||||
| MONEY MARKET FUND – 4.5% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $4,708,361)(d) |
4,708,361 | 4,708,361 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 104.1% (Cost: $166,926,724) | 108,527,078 | |||||
| Liabilities in Excess of Other Assets – (4.1)% |
(4,250,441 | ) | ||||
| NET ASSETS – 100.0% | $ | 104,276,637 | ||||
| † |
Fund name change effective May 6, 2009. Information presented reflects the investment style of WisdomTree Dividend Top 100 Fund. |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $4,705,806 and the total market value of the collateral held by the Fund was $4,708,361. |
See Notes to Financial Statements.
| 30 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree MidCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 98.6% | |||||
| Aerospace/Defense – 0.1% | |||||
| Curtiss-Wright Corp. |
1,278 | $ | 35,848 | ||
| Apparel – 0.1% | |||||
| Columbia Sportswear Co. |
1,758 | 52,600 | |||
| Polo Ralph Lauren Corp. |
697 | 29,448 | |||
| Total Apparel | 82,048 | ||||
| Auto Parts & Equipment – 0.1% | |||||
| WABCO Holdings, Inc. |
3,552 | 43,725 | |||
| Banks – 8.1% | |||||
| Associated Banc-Corp |
24,206 | 373,741 | |||
| BancorpSouth, Inc. |
10,241 | 213,423 | |||
| Bank of Hawaii Corp. |
5,979 | 197,187 | |||
| BOK Financial Corp. |
4,498 | 155,406 | |||
| Cathay General Bancorp |
2,717 | 28,338 | |||
| City National Corp. |
5,977 | 201,843 | |||
| Comerica, Inc. |
30,883 | 565,468 | |||
| Commerce Bancshares, Inc. |
5,221 | 189,522 | |||
| Cullen/Frost Bankers, Inc. |
6,100 | 286,334 | |||
| First Citizens BancShares, Inc. Class A |
205 | 27,019 | |||
| First Commonwealth Financial Corp. |
14,910 | 132,252 | |||
| First Financial Bankshares, Inc. |
1,547 | 74,519 | |||
| FirstMerit Corp. |
13,550 | 246,610 | |||
| FNB Corp. |
19,675 | 150,907 | |||
| Fulton Financial Corp. |
34,039 | 225,679 | |||
| Glacier Bancorp, Inc. |
5,041 | 79,194 | |||
| Hancock Holding Co. |
2,094 | 65,500 | |||
| Huntington Bancshares, Inc.(a) |
78,354 | 130,068 | |||
| International Bancshares Corp. |
6,549 | 51,082 | |||
| National Penn Bancshares, Inc. |
11,408 | 94,686 | |||
| Old National Bancorp |
11,096 | 123,942 | |||
| Park National Corp.(a) |
2,442 | 136,142 | |||
| PrivateBancorp, Inc.(a) |
973 | 14,070 | |||
| Prosperity Bancshares, Inc. |
2,743 | 75,021 | |||
| Susquehanna Bancshares, Inc. |
17,688 | 165,029 | |||
| Synovus Financial Corp. |
30,139 | 97,952 | |||
| TCF Financial Corp.(a) |
30,717 | 361,232 | |||
| Trustmark Corp.(a) |
7,590 | 139,504 | |||
| UMB Financial Corp. |
1,833 | 77,884 | |||
| United Bankshares, Inc.(a) |
4,758 | 82,028 | |||
| Valley National Bancorp(a) |
18,554 | 229,513 | |||
| Westamerica Bancorp. |
2,406 | 109,617 | |||
| Whitney Holding Corp. |
10,113 | 115,794 | |||
| Wilmington Trust Corp. |
11,814 | 114,478 | |||
| Total Banks | 5,330,984 | ||||
| Beverages – 0.5% | |||||
| Brown-Forman Corp. Class A |
4,004 | 160,560 | |||
| PepsiAmericas, Inc. |
10,279 | 177,313 | |||
| Total Beverages | 337,873 | ||||
| Building Materials – 1.1% | |||||
| Lennox International, Inc. |
2,817 | 74,538 | |||
| Masco Corp. |
85,715 | 598,291 | |||
| Investments | Shares | Value | |||
| Simpson Manufacturing Co., Inc. |
2,060 | $ | 37,121 | ||
| Total Building Materials | 709,950 | ||||
| Chemicals – 4.4% | |||||
| Airgas, Inc. |
4,307 | 145,620 | |||
| Albemarle Corp. |
6,747 | 146,882 | |||
| Cabot Corp. |
9,544 | 100,308 | |||
| Celanese Corp. Series A |
5,543 | 74,110 | |||
| CF Industries Holdings, Inc. |
1,385 | 98,515 | |||
| Cytec Industries, Inc. |
3,371 | 50,632 | |||
| Eastman Chemical Co. |
12,789 | 342,745 | |||
| FMC Corp. |
2,593 | 111,862 | |||
| Huntsman Corp. |
80,006 | 250,419 | |||
| International Flavors & Fragrances, Inc. |
7,954 | 242,279 | |||
| Lubrizol Corp. |
7,238 | 246,164 | |||
| Olin Corp. |
10,857 | 154,929 | |||
| RPM International, Inc. |
23,950 | 304,884 | |||
| Sensient Technologies Corp. |
4,982 | 117,077 | |||
| Terra Industries, Inc. |
7,479 | 210,085 | |||
| Valhi, Inc. |
9,472 | 88,847 | |||
| Valspar Corp. (The) |
9,535 | 190,414 | |||
| Westlake Chemical Corp. |
2,562 | 37,482 | |||
| Total Chemicals | 2,913,254 | ||||
| Coal – 0.4% | |||||
| Arch Coal, Inc. |
9,753 | 130,398 | |||
| Massey Energy Co. |
4,452 | 45,054 | |||
| Walter Industries, Inc. |
3,511 | 80,296 | |||
| Total Coal | 255,748 | ||||
| Commercial Services – 3.0% | |||||
| Aaron Rents, Inc. |
383 | 10,211 | |||
| Equifax, Inc. |
2,296 | 56,137 | |||
| Global Payments, Inc. |
569 | 19,010 | |||
| Hillenbrand, Inc. |
8,767 | 140,360 | |||
| Interactive Data Corp. |
7,050 | 175,263 | |||
| Lender Processing Services, Inc.* |
4,130 | 126,419 | |||
| Manpower, Inc. |
4,708 | 148,443 | |||
| Pharmaceutical Product Development, Inc. |
6,081 | 144,241 | |||
| R.R. Donnelley & Sons Co. |
46,748 | 342,663 | |||
| Robert Half International, Inc. |
10,227 | 182,347 | |||
| Rollins, Inc. |
4,273 | 73,282 | |||
| SEI Investments Co. |
5,600 | 68,376 | |||
| Service Corp. International |
22,213 | 77,523 | |||
| Strayer Education, Inc. |
412 | 74,107 | |||
| Total System Services, Inc. |
11,618 | 160,445 | |||
| Watson Wyatt Worldwide, Inc. Class A |
819 | 40,434 | |||
| Weight Watchers International, Inc. |
5,589 | 103,676 | |||
| Total Commercial Services | 1,942,937 | ||||
| Computers – 0.4% | |||||
| Diebold, Inc. |
7,018 | 149,834 | |||
| Jack Henry & Associates, Inc. |
3,877 | 63,273 | |||
| Syntel, Inc. |
1,167 | 24,017 | |||
| Total Computers | 237,124 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Cosmetics/Personal Care – 0.3% | |||||
| Alberto-Culver Co. |
3,214 | $ | 72,669 | ||
| Estee Lauder Cos., Inc. (The) Class A |
6,488 | 159,929 | |||
| Total Cosmetics/Personal Care | 232,598 | ||||
| Distribution/Wholesale – 0.3% | |||||
| Owens & Minor, Inc. |
2,671 | 88,490 | |||
| Watsco, Inc. |
3,348 | 113,933 | |||
| Total Distribution/Wholesale | 202,423 | ||||
| Diversified Financial Services – 2.3% | |||||
| Eaton Vance Corp. |
10,427 | 238,257 | |||
| Federated Investors, Inc. Class B |
16,762 | 373,122 | |||
| Greenhill & Co., Inc. |
2,071 | 152,943 | |||
| Janus Capital Group, Inc. |
2,342 | 15,574 | |||
| Legg Mason, Inc. |
18,545 | 294,866 | |||
| Raymond James Financial, Inc.(a) |
8,658 | 170,563 | |||
| Waddell & Reed Financial, Inc. Class A |
13,455 | 243,132 | |||
| Total Diversified Financial Services | 1,488,457 | ||||
| Electric – 7.8% | |||||
| ALLETE, Inc. |
5,228 | 139,535 | |||
| Alliant Energy Corp. |
16,438 | 405,854 | |||
| Black Hills Corp. |
6,126 | 109,594 | |||
| Cleco Corp. |
7,255 | 157,361 | |||
| CMS Energy Corp. |
24,715 | 292,626 | |||
| DPL, Inc. |
17,521 | 394,923 | |||
| Great Plains Energy, Inc. |
30,470 | 410,431 | |||
| Hawaiian Electric Industries, Inc. |
14,190 | 194,971 | |||
| IDACORP, Inc. |
5,487 | 128,176 | |||
| Integrys Energy Group, Inc. |
14,503 | 377,658 | |||
| ITC Holdings Corp. |
4,465 | 194,763 | |||
| NV Energy, Inc. |
29,865 | 280,433 | |||
| OGE Energy Corp. |
15,408 | 367,019 | |||
| Ormat Technologies, Inc. |
885 | 24,302 | |||
| Pinnacle West Capital Corp. |
20,798 | 552,395 | |||
| Portland General Electric Co. |
10,022 | 176,287 | |||
| TECO Energy, Inc. |
42,074 | 469,125 | |||
| Unisource Energy Corp. |
3,669 | 103,429 | |||
| Westar Energy, Inc. |
19,206 | 336,681 | |||
| Total Electric | 5,115,563 | ||||
| Electrical Components & Equipment – 0.5% | |||||
| Hubbell, Inc. Class B |
6,329 | 170,630 | |||
| Molex, Inc. |
12,407 | 170,472 | |||
| Total Electrical Components & Equipment | 341,102 | ||||
| Electronics – 1.1% | |||||
| AVX Corp. |
10,357 | 94,042 | |||
| Brady Corp. Class A |
4,248 | 74,892 | |||
| Gentex Corp. |
20,547 | 204,648 | |||
| Jabil Circuit, Inc. |
27,680 | 153,901 | |||
| National Instruments Corp. |
4,153 | 77,453 | |||
| PerkinElmer, Inc. |
7,147 | 91,267 | |||
| Woodward Governor Co. |
2,098 | 23,456 | |||
| Total Electronics | 719,659 | ||||
| Investments | Shares | Value | |||
| Engineering & Construction – 0.2% | |||||
| Granite Construction, Inc. |
1,451 | $ | 54,383 | ||
| KBR, Inc. |
6,250 | 86,313 | |||
| Total Engineering & Construction | 140,696 | ||||
| Entertainment – 1.5% | |||||
| International Game Technology |
43,383 | 399,991 | |||
| Regal Entertainment Group Class A |
45,082 | 604,550 | |||
| Total Entertainment | 1,004,541 | ||||
| Environmental Control – 0.1% | |||||
| Nalco Holding Co. |
4,646 | 60,723 | |||
| Food – 2.6% | |||||
| Corn Products International, Inc. |
4,412 | 93,534 | |||
| Del Monte Foods Co. |
13,345 | 97,285 | |||
| Flowers Foods, Inc. |
6,776 | 159,101 | |||
| Hormel Foods Corp. |
9,896 | 313,802 | |||
| McCormick & Co., Inc. |
10,547 | 311,875 | |||
| Ruddick Corp. |
2,545 | 57,135 | |||
| Seaboard Corp. |
13 | 13,130 | |||
| SUPERVALU, Inc. |
33,136 | 473,182 | |||
| Tyson Foods, Inc. Class A |
18,012 | 169,133 | |||
| Total Food | 1,688,177 | ||||
| Forest Products & Paper – 1.8% | |||||
| MeadWestvaco Corp. |
41,025 | 491,890 | |||
| Potlatch Corp. |
9,110 | 211,261 | |||
| Rayonier, Inc. |
15,187 | 458,951 | |||
| Total Forest Products & Paper | 1,162,102 | ||||
| Gas – 5.7% | |||||
| AGL Resources, Inc. |
12,867 | 341,362 | |||
| Atmos Energy Corp. |
15,319 | 354,175 | |||
| Energen Corp. |
3,483 | 101,460 | |||
| Laclede Group, Inc. (The) |
2,325 | 90,628 | |||
| National Fuel Gas Co. |
10,052 | 308,295 | |||
| New Jersey Resources Corp. |
4,112 | 139,726 | |||
| Nicor, Inc. |
7,067 | 234,836 | |||
| NiSource, Inc. |
68,282 | 669,164 | |||
| Northwest Natural Gas Co. |
2,809 | 121,967 | |||
| Piedmont Natural Gas Co., Inc. |
7,344 | 190,136 | |||
| South Jersey Industries, Inc. |
2,885 | 100,975 | |||
| Southern Union Co. |
16,855 | 256,533 | |||
| Southwest Gas Corp. |
4,815 | 101,452 | |||
| UGI Corp. |
10,441 | 246,512 | |||
| Vectren Corp. |
12,948 | 273,073 | |||
| WGL Holdings, Inc. |
6,657 | 218,350 | |||
| Total Gas | 3,748,644 | ||||
| Hand/Machine Tools – 1.2% | |||||
| Black & Decker Corp. |
6,694 | 211,263 | |||
| Kennametal, Inc. |
4,709 | 76,333 | |||
| Lincoln Electric Holdings, Inc. |
2,596 | 82,267 | |||
| Regal-Beloit Corp. |
1,714 | 52,517 | |||
| Snap-On, Inc. |
5,315 | 133,406 | |||
| Stanley Works (The) |
9,150 | 266,448 | |||
| Total Hand/Machine Tools | 822,234 | ||||
See Notes to Financial Statements.
| 32 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Healthcare-Products – 0.5% | |||||
| Beckman Coulter, Inc. |
2,940 | $ | 149,969 | ||
| Hill-Rom Holdings, Inc. |
4,484 | 44,347 | |||
| Meridian Bioscience, Inc. |
2,634 | 47,728 | |||
| STERIS Corp. |
2,197 | 51,146 | |||
| West Pharmaceutical Services, Inc. |
1,516 | 49,740 | |||
| Total Healthcare-Products | 342,930 | ||||
| Healthcare-Services – 0.1% | |||||
| Cigna Corp. |
1,944 | 34,195 | |||
| Universal Health Services, Inc. Class B |
1,207 | 46,276 | |||
| Total Healthcare-Services | 80,471 | ||||
| Home Builders – 0.6% | |||||
| D.R. Horton, Inc. |
18,981 | 184,116 | |||
| KB Home* |
4,348 | 57,306 | |||
| MDC Holdings, Inc. |
4,364 | 135,895 | |||
| Total Home Builders | 377,317 | ||||
| Home Furnishings – 0.4% | |||||
| Whirlpool Corp. |
8,730 | 258,321 | |||
| Household Products/Wares – 0.9% | |||||
| Avery Dennison Corp. |
15,739 | 351,609 | |||
| Scotts Miracle-Gro Co. (The) Class A |
3,333 | 115,655 | |||
| Tupperware Brands Corp. |
7,559 | 128,428 | |||
| Total Household Products/Wares | 595,692 | ||||
| Housewares – 0.1% | |||||
| Toro Co. |
1,845 | 44,612 | |||
| Insurance – 6.9% | |||||
| American Financial Group, Inc. |
7,716 | 123,842 | |||
| American National Insurance Co. |
3,389 | 177,617 | |||
| Arthur J. Gallagher & Co. |
14,507 | 246,619 | |||
| Assurant, Inc. |
7,022 | 152,939 | |||
| Brown & Brown, Inc. |
6,295 | 119,038 | |||
| Erie Indemnity Co. Class A |
7,143 | 244,148 | |||
| Fidelity National Financial, Inc. Class A |
23,852 | 465,353 | |||
| First American Corp. |
8,649 | 229,285 | |||
| Hanover Insurance Group, Inc. (The) |
1,552 | 44,729 | |||
| Harleysville Group, Inc. |
2,946 | 93,712 | |||
| Hartford Financial Services Group, Inc. |
66,629 | 523,038 | |||
| HCC Insurance Holdings, Inc. |
6,675 | 168,143 | |||
| Lincoln National Corp. |
33,399 | 223,439 | |||
| Mercury General Corp. |
8,200 | 243,540 | |||
| Odyssey Re Holdings Corp. |
1,074 | 40,737 | |||
| Old Republic International Corp. |
43,110 | 466,450 | |||
| Reinsurance Group of America, Inc.* |
1,636 | 52,990 | |||
| RLI Corp. |
1,111 | 55,772 | |||
| Selective Insurance Group, Inc. |
3,591 | 43,667 | |||
| StanCorp Financial Group, Inc. |
2,611 | 59,479 | |||
| Torchmark Corp. |
3,178 | 83,359 | |||
| Transatlantic Holdings, Inc. |
4,069 | 145,141 | |||
| Unitrin, Inc. |
21,601 | 301,982 | |||
| Wesco Financial Corp. |
115 | 31,740 | |||
| Zenith National Insurance Corp. |
6,863 | 165,467 | |||
| Total Insurance | 4,502,226 | ||||
| Investments | Shares | Value | |||
| Investment Companies – 0.5% | |||||
| Apollo Investment Corp. |
98,707 | $ | 343,500 | ||
| Iron/Steel – 1.2% | |||||
| Allegheny Technologies, Inc. |
8,385 | 183,883 | |||
| Cliffs Natural Resources, Inc. |
4,530 | 82,265 | |||
| Reliance Steel & Aluminum Co. |
4,186 | 110,218 | |||
| Steel Dynamics, Inc. |
18,309 | 161,302 | |||
| United States Steel Corp.(a) |
11,124 | 235,050 | |||
| Total Iron/Steel | 772,718 | ||||
| Lodging – 0.7% | |||||
| Choice Hotels International, Inc. |
4,841 | 124,995 | |||
| Starwood Hotels & Resorts Worldwide, Inc. |
27,786 | 352,882 | |||
| Total Lodging | 477,877 | ||||
| Machinery-Construction & Mining – 0.3% | |||||
| Bucyrus International, Inc. |
1,123 | 17,047 | |||
| Joy Global, Inc. |
9,405 | 200,327 | |||
| Total Machinery-Construction & Mining | 217,374 | ||||
| Machinery-Diversified – 0.7% | |||||
| Flowserve Corp. |
3,226 | 181,043 | |||
| Graco, Inc. |
5,929 | 101,208 | |||
| IDEX Corp. |
5,100 | 111,537 | |||
| Manitowoc Co., Inc. (The) |
3,512 | 11,484 | |||
| Nordson Corp. |
2,227 | 63,314 | |||
| Wabtec Corp. |
256 | 6,753 | |||
| Total Machinery-Diversified | 475,339 | ||||
| Media – 1.6% | |||||
| Cablevision Systems Corp. Class A |
18,674 | 241,641 | |||
| FactSet Research Systems, Inc.(a) |
2,318 | 115,877 | |||
| Gannett Co., Inc.(a) |
139,578 | 307,072 | |||
| John Wiley & Sons, Inc. Class A |
2,339 | 69,655 | |||
| Scripps Networks Interactive, Inc. Class A* |
5,431 | 122,252 | |||
| Washington Post Co. (The) Class B |
521 | 186,049 | |||
| Total Media | 1,042,546 | ||||
| Metal Fabricate/Hardware – 0.8% | |||||
| Commercial Metals Co. |
13,290 | 153,499 | |||
| Kaydon Corp. |
2,081 | 56,874 | |||
| Timken Co. |
11,391 | 159,018 | |||
| Valmont Industries, Inc. |
648 | 32,536 | |||
| Worthington Industries, Inc. |
12,956 | 112,847 | |||
| Total Metal Fabricate/Hardware | 514,774 | ||||
| Mining – 0.2% | |||||
| Compass Minerals International, Inc. |
2,292 | 129,200 | |||
| Royal Gold, Inc. |
697 | 32,592 | |||
| Total Mining | 161,792 | ||||
| Miscellaneous Manufacturing – 3.0% | |||||
| Actuant Corp. Class A |
404 | 4,173 | |||
| Acuity Brands, Inc. |
1,787 | 40,279 | |||
| Aptargroup, Inc. |
3,523 | 109,706 | |||
| Brink’s Co. (The) |
2,147 | 56,810 | |||
| Carlisle Cos., Inc. |
5,585 | 109,633 | |||
| CLARCOR, Inc. |
1,723 | 43,402 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Donaldson Co., Inc. |
3,315 | $ | 88,975 | ||
| Eastman Kodak Co. |
64,541 | 245,256 | |||
| Harsco Corp. |
7,219 | 160,045 | |||
| Leggett & Platt, Inc. |
31,282 | 406,353 | |||
| Matthews International Corp. Class A |
623 | 17,949 | |||
| Pall Corp. |
6,946 | 141,907 | |||
| Pentair, Inc. |
8,495 | 184,087 | |||
| SPX Corp. |
4,248 | 199,698 | |||
| Teleflex, Inc. |
3,291 | 128,645 | |||
| Trinity Industries, Inc. |
4,763 | 43,534 | |||
| Total Miscellaneous Manufacturing | 1,980,452 | ||||
| Oil & Gas – 1.2% | |||||
| Cabot Oil & Gas Corp. |
1,368 | 32,244 | |||
| Cimarex Energy Co. |
2,238 | 41,134 | |||
| Frontier Oil Corp. |
6,221 | 79,566 | |||
| Helmerich & Payne, Inc. |
2,919 | 66,466 | |||
| Patterson-UTI Energy, Inc. |
27,621 | 247,484 | |||
| Penn Virginia Corp. |
1,014 | 11,134 | |||
| Pioneer Natural Resources Co. |
6,953 | 114,516 | |||
| St. Mary Land & Exploration Co. |
921 | 12,185 | |||
| Tesoro Corp. |
14,090 | 189,792 | |||
| W&T Offshore, Inc. |
2,104 | 12,940 | |||
| Total Oil & Gas | 807,461 | ||||
| Oil & Gas Services – 0.3% | |||||
| BJ Services Co. |
15,333 | 152,563 | |||
| CARBO Ceramics, Inc. |
1,472 | 41,864 | |||
| Total Oil & Gas Services | 194,427 | ||||
| Packaging & Containers – 2.0% | |||||
| Ball Corp. |
2,741 | 118,960 | |||
| Bemis Co. |
10,266 | 215,278 | |||
| Packaging Corp. of America |
27,307 | 355,537 | |||
| Rock-Tenn Co. Class A |
1,304 | 35,273 | |||
| Sealed Air Corp. |
15,073 | 208,008 | |||
| Silgan Holdings, Inc. |
1,595 | 83,801 | |||
| Sonoco Products Co. |
13,094 | 274,712 | |||
| Total Packaging & Containers | 1,291,569 | ||||
| Pharmaceuticals – 0.1% | |||||
| Omnicare, Inc. |
1,176 | 28,800 | |||
| Perrigo Co. |
1,798 | 44,645 | |||
| Total Pharmaceuticals | 73,445 | ||||
| Pipelines – 0.6% | |||||
| Oneok, Inc. |
17,991 | 407,136 | |||
| REITS – 16.5% | |||||
| Alexandria Real Estate Equities, Inc.(a) |
5,444 | 198,162 | |||
| Apartment Investment & Management Co. Class A |
47,088 | 258,042 | |||
| BRE Properties, Inc. |
11,236 | 220,563 | |||
| Camden Property Trust |
13,675 | 295,106 | |||
| Corporate Office Properties Trust SBI MD |
7,826 | 194,320 | |||
| Digital Realty Trust, Inc. |
8,709 | 288,965 | |||
| Douglas Emmett, Inc. |
20,140 | 148,835 | |||
| Duke Realty Corp.(a) |
72,291 | 397,600 | |||
| Investments | Shares | Value | |||
| Equity One, Inc.(a) |
15,165 | $ | 184,861 | ||
| Essex Property Trust, Inc. |
4,056 | 232,571 | |||
| Federal Realty Investment Trust |
7,277 | 334,742 | |||
| Healthcare Realty Trust, Inc. |
12,018 | 180,150 | |||
| Highwoods Properties, Inc. |
12,348 | 264,494 | |||
| Home Properties, Inc. |
6,521 | 199,869 | |||
| Hospitality Properties Trust |
60,722 | 728,664 | |||
| Kilroy Realty Corp. |
7,004 | 120,399 | |||
| Liberty Property Trust |
24,379 | 461,738 | |||
| Macerich Co. (The)(a) |
34,403 | 215,363 | |||
| Mack-Cali Realty Corp. |
21,656 | 429,005 | |||
| Mid-America Apartment Communities, Inc. |
5,477 | 168,856 | |||
| National Retail Properties, Inc. |
20,883 | 330,787 | |||
| Nationwide Health Properties, Inc. |
19,299 | 428,245 | |||
| Omega Healthcare Investors, Inc. |
20,795 | 292,794 | |||
| ProLogis |
175,799 | 1,142,693 | |||
| PS Business Parks, Inc. |
2,274 | 83,797 | |||
| Realty Income Corp.(a) |
21,232 | 399,586 | |||
| Regency Centers Corp. |
13,726 | 364,700 | |||
| Senior Housing Properties Trust |
30,269 | 424,371 | |||
| SL Green Realty Corp.(a) |
20,556 | 222,005 | |||
| Tanger Factory Outlet Centers, Inc.(a) |
3,911 | 120,693 | |||
| Taubman Centers, Inc. |
9,521 | 162,238 | |||
| UDR, Inc. |
36,316 | 312,681 | |||
| Ventas, Inc. |
28,885 | 653,090 | |||
| Washington Real Estate Investment Trust |
9,307 | 161,011 | |||
| Weingarten Realty Investors(a) |
25,553 | 243,264 | |||
| Total REITS | 10,864,260 | ||||
| Retail – 6.1% | |||||
| Abercrombie & Fitch Co. Class A |
7,927 | 188,663 | |||
| Advance Auto Parts, Inc. |
2,037 | 83,680 | |||
| American Eagle Outfitters, Inc. |
24,766 | 303,136 | |||
| Burger King Holdings, Inc. |
4,827 | 110,780 | |||
| Casey’s General Stores, Inc. |
1,942 | 51,774 | |||
| Darden Restaurants, Inc. |
11,487 | 393,545 | |||
| Foot Locker, Inc. |
35,176 | 368,644 | |||
| Guess ?, Inc. |
7,808 | 164,593 | |||
| Ltd. Brands, Inc. |
64,168 | 558,261 | |||
| Macy’s, Inc. |
62,026 | 552,031 | |||
| MSC Industrial Direct Co. Class A |
2,849 | 88,518 | |||
| Nordstrom, Inc.(a) |
32,140 | 538,345 | |||
| PetSmart, Inc. |
2,488 | 52,148 | |||
| RadioShack Corp. |
7,824 | 67,052 | |||
| Ross Stores, Inc. |
5,080 | 182,270 | |||
| Tiffany & Co. |
10,131 | 218,424 | |||
| Wendy’s/Arby’s Group, Inc. Class A |
17,421 | 87,628 | |||
| World Fuel Services Corp. |
338 | 10,691 | |||
| Total Retail | 4,020,183 | ||||
| Savings & Loans – 1.6% | |||||
| Astoria Financial Corp. |
18,487 | 169,896 | |||
| Capitol Federal Financial |
10,163 | 384,263 | |||
| First Niagara Financial Group, Inc. |
12,936 | 141,002 | |||
| NewAlliance Bancshares, Inc. |
6,793 | 79,750 | |||
See Notes to Financial Statements.
| 34 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Northwest Bancorp, Inc. |
6,241 | $ | 105,473 | ||
| Washington Federal, Inc. |
13,573 | 180,385 | |||
| Total Savings & Loans | 1,060,769 | ||||
| Semiconductors – 2.3% | |||||
| Intersil Corp. Class A |
19,583 | 225,204 | |||
| KLA-Tencor Corp. |
13,887 | 277,740 | |||
| Microchip Technology, Inc. |
37,172 | 787,675 | |||
| National Semiconductor Corp. |
21,380 | 219,573 | |||
| Total Semiconductors | 1,510,192 | ||||
| Software – 0.5% | |||||
| Broadridge Financial Solutions, Inc. |
9,046 | 168,346 | |||
| Fidelity National Information Services, Inc. |
6,727 | 122,431 | |||
| IMS Health, Inc. |
4,252 | 53,023 | |||
| Total Software | 343,800 | ||||
| Telecommunications – 3.0% | |||||
| CenturyTel, Inc. |
31,969 | 898,968 | |||
| Frontier Communications Corp. |
107,495 | 771,814 | |||
| Telephone & Data Systems, Inc. |
2,224 | 58,958 | |||
| Telephone & Data Systems, Inc. Special Shares* |
2,484 | 58,747 | |||
| Virgin Media, Inc. |
32,437 | 155,698 | |||
| Total Telecommunications | 1,944,185 | ||||
| Transportation – 1.2% | |||||
| Alexander & Baldwin, Inc. |
6,299 | 119,870 | |||
| Con-way, Inc. |
2,193 | 39,320 | |||
| Heartland Express, Inc. |
1,501 | 22,230 | |||
| JB Hunt Transport Services, Inc. |
6,069 | 146,324 | |||
| Knight Transportation, Inc. |
2,596 | 39,355 | |||
| Landstar System, Inc. |
696 | 23,295 | |||
| Overseas Shipholding Group, Inc. |
3,763 | 85,307 | |||
| Ryder System, Inc. |
4,158 | 117,713 | |||
| Tidewater, Inc. |
3,950 | 146,664 | |||
| Werner Enterprises, Inc. |
2,370 | 35,834 | |||
| Total Transportation | 775,912 | ||||
| Trucking & Leasing – 0.2% | |||||
| GATX Corp. |
5,276 | 106,733 | |||
| Water – 0.9% | |||||
| American Water Works Co., Inc. |
17,897 | 344,338 | |||
| Aqua America, Inc. |
10,899 | 217,980 | |||
| Total Water | 562,318 | ||||
| TOTAL COMMON STOCKS (Cost: $100,204,692) |
64,766,741 | ||||
| SHORT-TERM INVESTMENT – 1.1% | |||||
| MONEY MARKET FUND – 1.1% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) | |||||
| (Cost: $703,546) | 703,546 | 703,546 | |||
| Investments | Shares | Value | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.3% | ||||||
| MONEY MARKET FUND – 6.3% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) | ||||||
| (Cost: $4,114,316)(d) | 4,114,316 | $ | 4,114,316 | |||
| TOTAL INVESTMENTS IN SECURITIES – 106.0% (Cost: $105,022,554) |
69,584,603 | |||||
| Liabilities in Excess of Other Assets – (6.0)% |
(3,929,463 | ) | ||||
| NET ASSETS – 100.0% | $ | 65,655,140 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $4,200,012 and the total market value of the collateral held by the Fund was $4,114,316. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 35 |
Table of Contents
Schedule of Investments
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 98.0% | |||||
| Advertising – 0.2% | |||||
| Harte-Hanks, Inc. |
29,640 | $ | 158,574 | ||
| Marchex, Inc. Class B |
3,076 | 10,581 | |||
| Total Advertising | 169,155 | ||||
| Aerospace/Defense – 0.3% | |||||
| Cubic Corp. |
1,640 | 41,541 | |||
| Ducommun, Inc.* |
1,767 | 25,692 | |||
| HEICO Corp. |
309 | 7,509 | |||
| HEICO Corp. Class A |
621 | 12,811 | |||
| Kaman Corp. |
6,520 | 81,761 | |||
| National Presto Industries, Inc. |
912 | 55,641 | |||
| Triumph Group, Inc. |
637 | 24,334 | |||
| Total Aerospace/Defense | 249,289 | ||||
| Agriculture – 2.0% | |||||
| Alico, Inc. |
2,112 | 50,688 | |||
| Andersons, Inc. (The) |
2,946 | 41,657 | |||
| Griffin Land & Nurseries, Inc. |
576 | 20,160 | |||
| Universal Corp. |
13,066 | 390,935 | |||
| Vector Group Ltd. |
72,356 | 939,904 | |||
| Total Agriculture | 1,443,344 | ||||
| Airlines – 0.1% | |||||
| Skywest, Inc. |
4,871 | 60,595 | |||
| Apparel – 0.9% | |||||
| Cherokee, Inc. |
10,634 | 165,891 | |||
| Jones Apparel Group, Inc. |
72,468 | 305,815 | |||
| Weyco Group, Inc. |
1,924 | 49,870 | |||
| Wolverine World Wide, Inc. |
9,604 | 149,630 | |||
| Total Apparel | 671,206 | ||||
| Auto Manufacturers – 0.3% | |||||
| Oshkosh Corp. |
33,984 | 229,052 | |||
| Auto Parts & Equipment – 0.5% | |||||
| Cooper Tire & Rubber Co. |
39,194 | 158,344 | |||
| Superior Industries International, Inc. |
14,778 | 175,119 | |||
| Titan International, Inc. |
972 | 4,889 | |||
| Total Auto Parts & Equipment | 338,352 | ||||
| Banks – 10.5% | |||||
| 1st Source Corp. |
7,015 | 126,621 | |||
| Alliance Financial Corp. |
1,937 | 34,750 | |||
| Ameris Bancorp |
2,198 | 10,353 | |||
| Arrow Financial Corp. |
4,427 | 104,876 | |||
| Bancfirst Corp. |
2,792 | 101,629 | |||
| BancTrust Financial Group, Inc. |
7,962 | 50,399 | |||
| Bank Mutual Corp. |
15,916 | 144,199 | |||
| Bank of the Ozarks, Inc. |
3,261 | 75,264 | |||
| Banner Corp. |
3,128 | 9,102 | |||
| Boston Private Financial Holdings, Inc. |
3,904 | 13,703 | |||
| Bryn Mawr Bank Corp. |
2,278 | 38,384 | |||
| Camden National Corp. |
2,827 | 64,597 | |||
| Capital City Bank Group, Inc.(a) |
5,041 | 57,770 | |||
| Cardinal Financial Corp. |
2,004 | 11,503 | |||
| Investments | Shares | Value | |||
| Cass Information Systems, Inc. |
1,402 | $ | 45,467 | ||
| Centerstate Banks of Florida, Inc. |
1,151 | 12,672 | |||
| Chemical Financial Corp. |
11,454 | 238,358 | |||
| City Holding Co. |
6,621 | 180,687 | |||
| CoBiz Financial, Inc.(a) |
6,851 | 35,968 | |||
| Columbia Banking System, Inc. |
4,670 | 29,888 | |||
| Community Bank System, Inc. |
12,077 | 202,290 | |||
| Community Trust Bancorp, Inc. |
5,521 | 147,687 | |||
| CVB Financial Corp.(a) |
26,466 | 175,470 | |||
| East West Bancorp, Inc. |
16,083 | 73,499 | |||
| Enterprise Financial Services Corp. |
1,921 | 18,749 | |||
| Farmers Capital Bank Corp. |
3,879 | 60,784 | |||
| Financial Institutions, Inc. |
3,089 | 23,538 | |||
| First Bancorp |
6,913 | 82,749 | |||
| First Bancorp, Inc. |
3,703 | 58,730 | |||
| First Busey Corp.(a) |
15,794 | 122,561 | |||
| First Community Bancshares, Inc. |
3,721 | 43,424 | |||
| First Financial Bancorp |
20,324 | 193,688 | |||
| First Financial Corp. |
3,111 | 114,796 | |||
| First Merchants Corp. |
7,629 | 82,317 | |||
| First Midwest Bancorp, Inc. |
29,703 | 255,149 | |||
| First South Bancorp, Inc. |
6,340 | 67,331 | |||
| Great Southern Bancorp, Inc. |
9,209 | 129,018 | |||
| Green Bankshares, Inc.(a) |
4,923 | 43,322 | |||
| Harleysville National Corp. |
17,078 | 103,493 | |||
| Heartland Financial USA, Inc. |
2,977 | 40,309 | |||
| Heritage Commerce Corp. |
2,800 | 14,700 | |||
| Home Bancshares, Inc. |
1,863 | 37,204 | |||
| Iberiabank Corp. |
3,786 | 173,929 | |||
| Independent Bank Corp. |
5,057 | 74,591 | |||
| Lakeland Bancorp, Inc. |
8,545 | 68,616 | |||
| Lakeland Financial Corp. |
3,429 | 65,802 | |||
| MainSource Financial Group, Inc. |
7,214 | 58,001 | |||
| MB Financial, Inc. |
9,104 | 123,814 | |||
| NBT Bancorp, Inc. |
9,598 | 207,701 | |||
| Old Second Bancorp, Inc.(a) |
6,382 | 40,526 | |||
| Pacific Capital Bancorp NA |
25,351 | 171,626 | |||
| Pacific Continental Corp. |
3,270 | 38,063 | |||
| Peapack Gladstone Financial Corp. |
1,786 | 32,202 | |||
| Peoples Bancorp, Inc. |
4,789 | 62,161 | |||
| Provident Bankshares Corp. |
15,244 | 107,470 | |||
| Renasant Corp. |
8,711 | 109,410 | |||
| Republic Bancorp, Inc. Class A(a) |
3,750 | 70,012 | |||
| S&T Bancorp, Inc.(a) |
9,751 | 206,819 | |||
| S.Y. Bancorp, Inc. |
3,417 | 83,033 | |||
| Sandy Spring Bancorp, Inc. |
6,920 | 77,227 | |||
| SCBT Financial Corp. |
2,344 | 48,990 | |||
| Shore Bancshares, Inc. |
2,229 | 37,336 | |||
| Sierra Bancorp(a) |
3,176 | 30,902 | |||
| Simmons First National Corp. Class A |
3,596 | 90,583 | |||
| Smithtown Bancorp, Inc. |
1,257 | 14,179 | |||
| South Financial Group, Inc. (The) |
6,980 | 7,678 | |||
| Southside Bancshares, Inc. |
3,301 | 62,389 | |||
| Southwest Bancorp, Inc. |
4,016 | 37,670 | |||
See Notes to Financial Statements.
| 36 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| State Bancorp, Inc. |
5,612 | $ | 43,212 | ||
| StellarOne Corp. |
8,160 | 97,186 | |||
| Sterling Bancorp |
10,184 | 100,822 | |||
| Sterling Bancshares, Inc. |
26,504 | 173,336 | |||
| Suffolk Bancorp |
2,445 | 63,545 | |||
| Tompkins Financial Corp. |
2,284 | 98,212 | |||
| TowneBank |
3,250 | 53,072 | |||
| Trico Bancshares |
3,268 | 54,706 | |||
| TrustCo Bank Corp. |
33,246 | 200,141 | |||
| UCBH Holdings, Inc. |
32,886 | 49,658 | |||
| Umpqua Holdings Corp. |
31,518 | 285,553 | |||
| Union Bankshares Corp. |
4,203 | 58,212 | |||
| United Security Bancshares(a) |
5,767 | 42,445 | |||
| Univest Corp. of Pennsylvania |
3,319 | 58,082 | |||
| Washington Trust Bancorp, Inc. |
6,845 | 111,231 | |||
| Webster Financial Corp. |
48,707 | 207,005 | |||
| WesBanco, Inc. |
12,091 | 276,037 | |||
| West Bancorp., Inc. |
9,656 | 71,937 | |||
| Wilshire Bancorp, Inc. |
6,664 | 34,386 | |||
| Wintrust Financial Corp. |
4,041 | 49,704 | |||
| Yadkin Valley Financial Corp. |
4,008 | 29,860 | |||
| Total Banks | 7,736,070 | ||||
| Beverages – 0.2% | |||||
| Coca-Cola Bottling Co. Consolidated |
1,428 | 74,327 | |||
| Farmer Bros Co. |
3,240 | 57,672 | |||
| Total Beverages | 131,999 | ||||
| Building Materials – 0.8% | |||||
| AAON, Inc. |
2,680 | 48,562 | |||
| Apogee Enterprises, Inc. |
8,899 | 97,711 | |||
| Comfort Systems USA, Inc. |
6,614 | 68,587 | |||
| Eagle Materials, Inc. |
8,979 | 217,741 | |||
| LSI Industries, Inc. |
6,435 | 33,269 | |||
| Quanex Building Products Corp. |
4,506 | 34,246 | |||
| Texas Industries, Inc.(a) |
2,232 | 55,800 | |||
| Universal Forest Products, Inc. |
878 | 23,363 | |||
| Total Building Materials | 579,279 | ||||
| Chemicals – 1.6% | |||||
| Aceto Corp. |
4,595 | 27,386 | |||
| American Vanguard Corp. |
1,369 | 17,660 | |||
| Arch Chemicals, Inc. |
7,510 | 142,390 | |||
| Ashland, Inc. |
15,631 | 161,468 | |||
| Balchem Corp. |
809 | 20,330 | |||
| Ferro Corp. |
38,416 | 54,935 | |||
| H.B. Fuller Co. |
8,304 | 107,952 | |||
| Hawkins, Inc. |
3,234 | 49,901 | |||
| Innophos Holdings, Inc. |
9,384 | 105,851 | |||
| Innospec, Inc. |
4,460 | 16,814 | |||
| Minerals Technologies, Inc. |
894 | 28,653 | |||
| NewMarket Corp. |
3,360 | 148,848 | |||
| Penford Corp. |
2,503 | 9,086 | |||
| Quaker Chemical Corp. |
6,795 | 53,952 | |||
| Schulman A., Inc. |
8,991 | 121,828 | |||
| Investments | Shares | Value | |||
| Stepan Co. |
1,951 | $ | 53,262 | ||
| Zep, Inc. |
2,072 | 21,197 | |||
| Total Chemicals | 1,141,513 | ||||
| Coal – 0.1% | |||||
| Foundation Coal Holdings, Inc. |
6,130 | 87,965 | |||
| Commercial Services – 4.1% | |||||
| ABM Industries, Inc. |
13,680 | 224,352 | |||
| Administaff, Inc. |
6,561 | 138,634 | |||
| Advance America, Cash Advance Centers, Inc. |
91,597 | 154,799 | |||
| Arbitron, Inc. |
8,217 | 123,337 | |||
| Barrett Business Services, Inc. |
3,012 | 28,975 | |||
| CDI Corp. |
8,067 | 78,411 | |||
| Chemed Corp. |
1,151 | 44,774 | |||
| Corporate Executive Board Co. (The) |
26,988 | 391,326 | |||
| Deluxe Corp. |
31,842 | 306,639 | |||
| Diamond Management & Technology Consultants, Inc. |
19,559 | 49,875 | |||
| Electro Rent Corp. |
12,483 | 120,336 | |||
| Great Lakes Dredge & Dock Corp. |
8,636 | 25,994 | |||
| Healthcare Services Group |
17,378 | 260,149 | |||
| Heartland Payment Systems, Inc. |
7,255 | 47,956 | |||
| Heidrick & Struggles International, Inc. |
4,005 | 71,049 | |||
| Landauer, Inc. |
2,713 | 137,495 | |||
| MAXIMUS, Inc. |
1,952 | 77,807 | |||
| McGrath Rentcorp |
9,035 | 142,392 | |||
| Monro Muffler, Inc. |
1,880 | 51,380 | |||
| Multi-Color Corp. |
1,624 | 19,862 | |||
| National Research Corp. |
1,224 | 30,404 | |||
| Sotheby’s(a) |
44,200 | 397,800 | |||
| Stewart Enterprises, Inc. Class A |
28,356 | 91,873 | |||
| Viad Corp. |
1,241 | 17,523 | |||
| Total Commercial Services | 3,033,142 | ||||
| Computers – 0.1% | |||||
| MTS Systems Corp. |
3,777 | 85,927 | |||
| Cosmetics/Personal Care – 0.0% | |||||
| Inter Parfums, Inc. |
4,830 | 28,159 | |||
| Distribution/Wholesale – 0.3% | |||||
| Houston Wire & Cable Co. |
5,686 | 44,066 | |||
| Pool Corp.(a) |
14,060 | 188,404 | |||
| Total Distribution/Wholesale | 232,470 | ||||
| Diversified Financial Services – 4.2% | |||||
| Advanta Corp. Class A |
49,498 | 25,244 | |||
| Advanta Corp. Class B |
88,068 | 58,125 | |||
| BGC Partners, Inc. Class A* |
61,914 | 136,830 | |||
| Calamos Asset Management, Inc. Class A |
5,883 | 28,297 | |||
| CIT Group, Inc. |
238,767 | 680,486 | |||
| Cohen & Steers, Inc.(a) |
14,808 | 165,257 | |||
| Evercore Partners, Inc. Class A |
4,072 | 62,912 | |||
| Financial Federal Corp. |
6,572 | 139,195 | |||
| GAMCO Investors, Inc. Class A |
349 | 11,395 | |||
| GFI Group, Inc. |
69,533 | 223,201 | |||
| optionsXpress Holdings, Inc. |
15,086 | 171,528 | |||
| Sanders Morris Harris Group, Inc. |
7,726 | 30,132 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Student Loan Corp. (The) |
27,164 | $ | 1,180,004 | ||
| SWS Group, Inc. |
5,741 | 89,158 | |||
| Westwood Holdings Group, Inc. |
2,937 | 114,807 | |||
| Total Diversified Financial Services | 3,116,571 | ||||
| Electric – 4.0% | |||||
| Avista Corp. |
20,276 | 279,403 | |||
| Central Vermont Public Service Corp. |
4,918 | 85,081 | |||
| CH Energy Group, Inc. |
7,051 | 330,692 | |||
| Empire District Electric Co. (The) |
24,506 | 353,867 | |||
| MGE Energy, Inc. |
9,848 | 308,932 | |||
| NorthWestern Corp. |
20,644 | 443,433 | |||
| Otter Tail Corp. |
17,296 | 381,377 | |||
| PNM Resources, Inc. |
40,381 | 333,547 | |||
| UIL Holdings Corp. |
14,124 | 315,248 | |||
| Unitil Corp. |
3,903 | 78,372 | |||
| Total Electric | 2,909,952 | ||||
| Electrical Components & Equipment – 0.9% | |||||
| Belden, Inc. |
3,884 | 48,589 | |||
| Encore Wire Corp. |
921 | 19,737 | |||
| Hubbell, Inc. Class A |
3,221 | 81,330 | |||
| Insteel Industries, Inc. |
1,889 | 13,147 | |||
| Molex, Inc. Class A |
37,017 | 467,895 | |||
| Total Electrical Components & Equipment | 630,698 | ||||
| Electronics – 0.7% | |||||
| American Science & Engineering, Inc. |
991 | 55,298 | |||
| Analogic Corp. |
1,819 | 58,244 | |||
| Badger Meter, Inc.(a) |
2,133 | 61,622 | |||
| Bel Fuse, Inc. Class B |
1,029 | 13,830 | |||
| CTS Corp. |
5,980 | 21,588 | |||
| Daktronics, Inc. |
3,783 | 24,779 | |||
| Methode Electronics, Inc. |
12,947 | 46,350 | |||
| Park Electrochemical Corp. |
3,067 | 52,998 | |||
| Technitrol, Inc. |
41,386 | 70,770 | |||
| Watts Water Technologies, Inc. Class A |
4,890 | 95,648 | |||
| Total Electronics | 501,127 | ||||
| Engineering & Construction – 0.0% | |||||
| VSE Corp. |
248 | 6,622 | |||
| Entertainment – 2.1% | |||||
| Churchill Downs, Inc. |
1,647 | 49,509 | |||
| Cinemark Holdings, Inc. |
100,561 | 944,268 | |||
| Dover Downs Gaming & Entertainment, Inc. |
7,508 | 23,050 | |||
| International Speedway Corp. Class A |
1,040 | 22,942 | |||
| National CineMedia, Inc. |
29,633 | 390,563 | |||
| Speedway Motorsports, Inc. |
9,008 | 106,474 | |||
| Total Entertainment | 1,536,806 | ||||
| Environmental Control – 0.7% | |||||
| American Ecology Corp. |
6,677 | 93,077 | |||
| Energysolutions, Inc. |
15,596 | 134,906 | |||
| Met-Pro Corp. |
2,858 | 23,293 | |||
| Mine Safety Appliances Co. |
13,657 | 273,413 | |||
| Total Environmental Control | 524,689 | ||||
| Investments | Shares | Value | |||
| Food – 2.5% | |||||
| Arden Group, Inc. Class A |
201 | $ | 23,485 | ||
| B&G Foods, Inc. Class A |
47,116 | 245,003 | |||
| Calavo Growers, Inc. |
4,255 | 51,145 | |||
| Cal-Maine Foods, Inc. |
4,664 | 104,427 | |||
| Diamond Foods, Inc. |
1,225 | 34,214 | |||
| Imperial Sugar Co. |
2,364 | 16,997 | |||
| Ingles Markets, Inc. Class A |
4,794 | 71,575 | |||
| J&J Snack Foods Corp. |
2,047 | 70,806 | |||
| Lancaster Colony Corp. |
9,407 | 390,202 | |||
| Lance, Inc. |
8,796 | 183,133 | |||
| Nash Finch Co. |
2,069 | 58,118 | |||
| Sanderson Farms, Inc. |
3,217 | 120,798 | |||
| Spartan Stores, Inc. |
1,675 | 25,812 | |||
| Tootsie Roll Industries, Inc. |
4,545 | 98,717 | |||
| Village Super Market, Inc. Class A |
1,502 | 46,817 | |||
| Weis Markets, Inc. |
9,685 | 300,623 | |||
| Total Food | 1,841,872 | ||||
| Forest Products & Paper – 0.5% | |||||
| Deltic Timber Corp. |
793 | 31,252 | |||
| Glatfelter Co. |
17,055 | 106,423 | |||
| Neenah Paper, Inc. |
6,023 | 21,864 | |||
| Schweitzer-Mauduit International, Inc. |
5,677 | 104,797 | |||
| Wausau Paper Corp. |
14,229 | 74,845 | |||
| Total Forest Products & Paper | 339,181 | ||||
| Gas – 0.1% | |||||
| Chesapeake Utilities Corp. |
2,589 | 78,913 | |||
| Hand/Machine Tools – 0.5% | |||||
| Baldor Electric Co. |
16,619 | 240,809 | |||
| Franklin Electric Co., Inc. |
3,931 | 86,993 | |||
| L.S. Starrett Co. (The) Class A |
1,684 | 10,525 | |||
| Total Hand/Machine Tools | 338,327 | ||||
| Healthcare-Products – 0.1% | |||||
| Atrion Corp. |
185 | 16,325 | |||
| Cooper Cos., Inc. (The) |
1,694 | 44,789 | |||
| Invacare Corp. |
737 | 11,814 | |||
| Total Healthcare-Products | 72,928 | ||||
| Healthcare-Services – 0.2% | |||||
| Ensign Group, Inc. (The) |
1,865 | 28,833 | |||
| National Healthcare Corp. |
2,476 | 99,411 | |||
| Total Healthcare-Services | 128,244 | ||||
| Holding Companies-Diversified – 0.4% | |||||
| Compass Diversified Holdings |
35,270 | 314,608 | |||
| Home Builders – 0.9% | |||||
| Brookfield Homes Corp.(a) |
24,018 | 82,862 | |||
| Lennar Corp. Class A |
19,870 | 149,224 | |||
| Lennar Corp. Class B |
6,497 | 36,968 | |||
| Ryland Group, Inc. (The) |
10,339 | 172,248 | |||
| Skyline Corp. |
2,441 | 46,403 | |||
| Thor Industries, Inc. |
11,116 | 173,632 | |||
| Total Home Builders | 661,337 | ||||
See Notes to Financial Statements.
| 38 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Home Furnishings – 0.6% | |||||
| American Woodmark Corp. |
2,895 | $ | 50,836 | ||
| Ethan Allen Interiors, Inc. |
21,423 | 241,223 | |||
| Harman International Industries, Inc. |
1,559 | 21,093 | |||
| Kimball International, Inc. Class B |
18,033 | 118,297 | |||
| Total Home Furnishings | 431,449 | ||||
| Household Products/Wares – 1.0% | |||||
| American Greetings Corp. Class A |
19,489 | 98,614 | |||
| Blyth, Inc.* |
6,604 | 172,563 | |||
| CSS Industries, Inc. |
2,643 | 44,931 | |||
| Ennis, Inc. |
12,728 | 112,770 | |||
| Oil-Dri Corp. of America |
1,311 | 19,337 | |||
| Standard Register Co. (The) |
24,196 | 110,818 | |||
| WD-40 Co. |
5,812 | 140,302 | |||
| Total Household Products/Wares | 699,335 | ||||
| Insurance – 2.5% | |||||
| American Equity Investment Life Holding Co. |
5,071 | 21,095 | |||
| American Physicians Capital, Inc. |
938 | 38,383 | |||
| Amtrust Financial Services, Inc. |
11,157 | 106,549 | |||
| Baldwin & Lyons, Inc. Class B |
6,593 | 124,740 | |||
| Delphi Financial Group, Inc. Class A |
9,498 | 127,843 | |||
| Donegal Group, Inc. Class A |
4,673 | 71,824 | |||
| EMC Insurance Group, Inc. |
3,847 | 81,056 | |||
| Employers Holdings, Inc. |
6,966 | 66,456 | |||
| FBL Financial Group, Inc. Class A |
9,874 | 40,977 | |||
| Horace Mann Educators Corp. |
17,735 | 148,442 | |||
| Infinity Property & Casualty Corp. |
1,234 | 41,870 | |||
| Life Partners Holdings, Inc.(a) |
1,157 | 19,738 | |||
| Meadowbrook Insurance Group, Inc. |
7,186 | 43,835 | |||
| National Interstate Corp. |
2,677 | 45,268 | |||
| National Western Life Insurance Co. Class A |
56 | 6,328 | |||
| NYMAGIC, Inc.* |
1,535 | 18,727 | |||
| Presidential Life Corp. |
6,124 | 47,706 | |||
| Protective Life Corp. |
24,704 | 129,696 | |||
| Radian Group, Inc. |
2,433 | 4,428 | |||
| Safety Insurance Group, Inc. |
6,597 | 205,035 | |||
| State Auto Financial Corp. |
8,290 | 145,904 | |||
| Stewart Information Services Corp. |
6,289 | 122,635 | |||
| Tower Group, Inc. |
1,758 | 43,300 | |||
| United Fire & Casualty Co. |
5,187 | 113,906 | |||
| Total Insurance | 1,815,741 | ||||
| Internet – 0.6% | |||||
| NutriSystem, Inc. |
13,821 | 197,225 | |||
| TheStreet.com, Inc. |
7,867 | 15,498 | |||
| United Online, Inc. |
55,254 | 246,433 | |||
| Total Internet | 459,156 | ||||
| Investment Companies – 4.4% | |||||
| Ares Capital Corp. |
258,862 | 1,252,892 | |||
| BlackRock Kelso Capital Corp. |
95,149 | 398,674 | |||
| Capital Southwest Corp. |
289 | 22,077 | |||
| Fifth Street Finance Corp.* |
32,132 | 248,702 | |||
| Gladstone Capital Corp. |
39,328 | 246,193 | |||
| Investments | Shares | Value | |||
| Hercules Technology Growth Capital, Inc. |
59,856 | $ | 299,280 | ||
| Medallion Financial Corp. |
16,779 | 124,332 | |||
| MVC Capital, Inc. |
10,399 | 87,456 | |||
| NGP Capital Resources Co. |
38,404 | 190,868 | |||
| Prospect Capital Corp. |
41,398 | 352,711 | |||
| Total Investment Companies | 3,223,185 | ||||
| Iron/Steel – 0.6% | |||||
| AK Steel Holding Corp. |
22,300 | 158,776 | |||
| Carpenter Technology Corp. |
15,974 | 225,553 | |||
| Olympic Steel, Inc. |
1,101 | 16,702 | |||
| Schnitzer Steel Industries, Inc. Class A |
424 | 13,309 | |||
| Total Iron/Steel | 414,340 | ||||
| Leisure Time – 1.0% | |||||
| Ambassadors Group, Inc. |
9,082 | 73,746 | |||
| Brunswick Corp. |
10,546 | 36,384 | |||
| Callaway Golf Co. |
20,450 | 146,831 | |||
| Marine Products Corp. |
18,846 | 79,907 | |||
| Polaris Industries, Inc. |
17,609 | 377,537 | |||
| Total Leisure Time | 714,405 | ||||
| Lodging – 0.3% | |||||
| Marcus Corp. |
4,374 | 37,179 | |||
| Wyndham Worldwide Corp. |
39,229 | 164,762 | |||
| Total Lodging | 201,941 | ||||
| Machinery-Diversified – 1.7% | |||||
| Alamo Group, Inc. |
1,728 | 18,421 | |||
| Albany International Corp. Class A |
9,001 | 81,459 | |||
| Applied Industrial Technologies, Inc. |
13,133 | 221,554 | |||
| Briggs & Stratton Corp. |
25,653 | 423,275 | |||
| Cascade Corp. |
2,808 | 49,505 | |||
| Cognex Corp. |
16,742 | 223,506 | |||
| Gorman-Rupp Co. (The) |
2,344 | 46,411 | |||
| Lindsay Corp.(a) |
1,121 | 30,267 | |||
| NACCO Industries, Inc. Class A |
3,718 | 101,055 | |||
| Robbins & Myers, Inc. |
2,749 | 41,702 | |||
| Tennant Co. |
5,090 | 47,693 | |||
| Total Machinery-Diversified | 1,284,848 | ||||
| Media – 1.9% | |||||
| Belo Corp. Class A |
149,006 | 90,894 | |||
| CBS Corp. Class A |
75,943 | 297,697 | |||
| Courier Corp. |
5,665 | 85,938 | |||
| John Wiley & Sons, Inc. Class B |
1,423 | 42,334 | |||
| Journal Communications, Inc. Class A |
56,311 | 42,233 | |||
| Meredith Corp. |
17,743 | 295,243 | |||
| Scholastic Corp. |
7,068 | 106,515 | |||
| Value Line, Inc. |
4,120 | 112,641 | |||
| World Wrestling Entertainment, Inc. Class A |
29,398 | 339,253 | |||
| Total Media | 1,412,748 | ||||
| Metal Fabricate/Hardware – 0.5% | |||||
| A.M. Castle & Co. |
4,911 | 43,806 | |||
| Ampco-Pittsburgh Corp. |
3,252 | 43,122 | |||
| CIRCOR International, Inc. |
962 | 21,664 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Dynamic Materials Corp. |
955 | $ | 8,748 | ||
| Lawson Products, Inc. |
3,192 | 38,847 | |||
| Mueller Industries, Inc. |
6,609 | 143,349 | |||
| Mueller Water Products, Inc. Class A |
13,264 | 43,771 | |||
| Sun Hydraulics Corp. |
3,362 | 49,119 | |||
| Total Metal Fabricate/Hardware | 392,426 | ||||
| Mining – 0.5% | |||||
| AMCOL International Corp. |
9,689 | 143,785 | |||
| Kaiser Aluminum Corp. |
8,561 | 197,930 | |||
| Total Mining | 341,715 | ||||
| Miscellaneous Manufacturing – 2.4% | |||||
| A.O. Smith Corp. |
5,708 | 143,727 | |||
| American Railcar Industries, Inc. |
2,191 | 16,717 | |||
| Ameron International Corp. |
1,810 | 95,315 | |||
| Barnes Group, Inc. |
23,265 | 248,703 | |||
| Crane Co. |
29,710 | 501,505 | |||
| Federal Signal Corp. |
12,892 | 67,941 | |||
| FreightCar America, Inc. |
1,484 | 26,014 | |||
| John Bean Technologies Corp.* |
8,241 | 86,201 | |||
| Koppers Holdings, Inc. |
8,098 | 117,583 | |||
| Movado Group, Inc. |
6,961 | 52,486 | |||
| Myers Industries, Inc. |
9,490 | 58,269 | |||
| NL Industries, Inc. |
18,962 | 189,620 | |||
| Raven Industries, Inc. |
3,755 | 78,029 | |||
| Standex International Corp. |
5,508 | 50,674 | |||
| Tredegar Corp. |
3,019 | 49,300 | |||
| Total Miscellaneous Manufacturing | 1,782,084 | ||||
| Office Furnishings – 1.3% | |||||
| Herman Miller, Inc. |
13,324 | 142,034 | |||
| HNI Corp.(a) |
23,645 | 245,908 | |||
| Interface, Inc. Class A |
12,012 | 35,916 | |||
| Knoll, Inc. |
24,295 | 148,928 | |||
| Steelcase, Inc. Class A |
79,432 | 397,954 | |||
| Total Office Furnishings | 970,740 | ||||
| Oil & Gas – 2.1% | |||||
| Alon USA Energy, Inc. |
7,290 | 99,873 | |||
| Atlas America, Inc. |
5,087 | 44,511 | |||
| Berry Petroleum Co. Class A |
15,782 | 172,971 | |||
| Delek US Holdings, Inc. |
14,714 | 152,437 | |||
| Holly Corp. |
15,218 | 322,621 | |||
| Panhandle Oil and Gas, Inc. Class A |
1,059 | 18,130 | |||
| Whiting USA Trust I* |
67,061 | 702,129 | |||
| Total Oil & Gas | 1,512,672 | ||||
| Oil & Gas Services – 0.4% | |||||
| Lufkin Industries, Inc. |
4,160 | 157,581 | |||
| RPC, Inc. |
24,006 | 159,160 | |||
| Total Oil & Gas Services | 316,741 | ||||
| Packaging & Containers – 1.9% | |||||
| Greif, Inc. Class A |
10,862 | 361,596 | |||
| Greif, Inc. Class B |
16,979 | 554,534 | |||
| Temple-Inland, Inc. |
87,318 | 468,898 | |||
| Total Packaging & Containers | 1,385,028 | ||||
| Investments | Shares | Value | |||
| Pharmaceuticals – 0.1% | |||||
| Medicis Pharmaceutical Corp. Class A |
6,078 | $ | 75,185 | ||
| Pipelines – 0.5% | |||||
| Crosstex Energy, Inc. |
216,945 | 355,790 | |||
| Real Estate – 0.2% | |||||
| Consolidated-Tomoka Land Co. |
215 | 6,386 | |||
| Jones Lang LaSalle, Inc. |
6,008 | 139,746 | |||
| Total Real Estate | 146,132 | ||||
| REITS – 19.3% | |||||
| Acadia Realty Trust |
17,286 | 183,405 | |||
| Agree Realty Corp. |
9,682 | 151,911 | |||
| American Campus Communities, Inc. |
25,499 | 442,663 | |||
| Associated Estates Realty Corp. |
11,730 | 66,626 | |||
| BioMed Realty Trust, Inc. |
93,112 | 630,368 | |||
| Brandywine Realty Trust |
206,621 | 588,870 | |||
| CBL & Associates Properties, Inc.(a) |
127,145 | 300,062 | |||
| Cedar Shopping Centers, Inc. |
58,932 | 102,542 | |||
| Cogdell Spencer, Inc. |
26,574 | 135,527 | |||
| Colonial Properties Trust |
59,599 | 227,072 | |||
| Cousins Properties, Inc.(a) |
35,419 | 228,098 | |||
| DCT Industrial Trust, Inc. |
113,532 | 359,896 | |||
| EastGroup Properties, Inc. |
13,953 | 391,661 | |||
| Education Realty Trust, Inc. |
49,461 | 172,619 | |||
| Entertainment Properties Trust |
34,768 | 547,944 | |||
| Equity Lifestyle Properties, Inc. |
5,151 | 196,253 | |||
| Extra Space Storage, Inc. |
76,188 | 419,796 | |||
| First Potomac Realty Trust |
44,193 | 324,819 | |||
| Franklin Street Properties Corp. |
40,388 | 496,772 | |||
| Getty Realty Corp. |
22,092 | 405,388 | |||
| Hersha Hospitality Trust |
102,297 | 194,364 | |||
| HRPT Properties Trust |
585,637 | 1,868,182 | |||
| Inland Real Estate Corp. |
48,111 | 341,107 | |||
| Investors Real Estate Trust* |
38,327 | 377,904 | |||
| Kite Realty Group Trust |
52,545 | 128,735 | |||
| LaSalle Hotel Properties |
35,216 | 205,661 | |||
| Lexington Realty Trust |
121,142 | 288,318 | |||
| LTC Properties, Inc. |
18,593 | 326,121 | |||
| Medical Properties Trust, Inc. |
104,516 | 381,483 | |||
| Mission West Properties, Inc. |
20,513 | 131,283 | |||
| Monmouth Real Estate Investment Trust Class A |
20,344 | 134,474 | |||
| National Health Investors, Inc. |
21,671 | 582,300 | |||
| Parkway Properties, Inc. |
10,973 | 113,022 | |||
| Pennsylvania Real Estate Investment Trust(a) |
119,035 | 422,574 | |||
| Post Properties, Inc. |
44,968 | 455,976 | |||
| Public Storage Class A* |
9,407 | 216,079 | |||
| Saul Centers, Inc. |
8,506 | 195,383 | |||
| Sovran Self Storage, Inc. |
15,394 | 309,112 | |||
| Sun Communities, Inc. |
34,170 | 404,231 | |||
| Universal Health Realty Income Trust |
8,208 | 239,920 | |||
| Urstadt Biddle Properties, Inc. Class A |
11,541 | 154,880 | |||
| U-Store-It Trust |
88,306 | 178,378 | |||
| Winthrop Realty Trust |
18,192 | 125,707 | |||
| Total REITS | 14,147,486 | ||||
See Notes to Financial Statements.
| 40 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | |||
| Retail – 6.4% | |||||
| Barnes & Noble, Inc.(a) |
36,573 | $ | 781,931 | ||
| bebe Stores, Inc. |
22,682 | 151,289 | |||
| Bob Evans Farms, Inc. |
8,874 | 198,955 | |||
| Brinker International, Inc. |
38,725 | 584,747 | |||
| Brown Shoe Co., Inc. |
12,063 | 45,236 | |||
| Buckle, Inc. (The)(a) |
15,726 | 502,131 | |||
| Cash America International, Inc. |
1,606 | 25,150 | |||
| Cato Corp. (The) Class A |
12,423 | 227,092 | |||
| Christopher & Banks Corp. |
16,646 | 68,082 | |||
| CKE Restaurants, Inc. |
12,847 | 107,915 | |||
| Cracker Barrel Old Country Store, Inc. |
7,927 | 227,029 | |||
| Dillard’s, Inc. Class A |
28,575 | 162,878 | |||
| Finish Line (The) Class A |
10,231 | 67,729 | |||
| Fred’s, Inc. Class A |
3,195 | 36,040 | |||
| Men’s Wearhouse, Inc. (The) |
9,326 | 141,196 | |||
| Nu Skin Enterprises, Inc. Class A |
28,335 | 297,234 | |||
| PEP Boys-Manny, Moe & Jack |
34,267 | 151,117 | |||
| Phillips-Van Heusen Corp. |
3,714 | 84,234 | |||
| Pricesmart, Inc. |
4,235 | 76,272 | |||
| Regis Corp. |
4,975 | 71,889 | |||
| Stage Stores, Inc. |
9,997 | 100,770 | |||
| Williams-Sonoma, Inc. |
61,627 | 621,200 | |||
| Total Retail | 4,730,116 | ||||
| Savings & Loans – 2.1% | |||||
| Abington Bancorp, Inc. |
4,911 | 40,663 | |||
| BankFinancial Corp. |
5,626 | 56,091 | |||
| Benjamin Franklin Bancorp, Inc. |
1,936 | 17,230 | |||
| Berkshire Hills Bancorp, Inc. |
2,695 | 61,769 | |||
| Brookline Bancorp, Inc. |
19,581 | 186,019 | |||
| Brooklyn Federal Bancorp, Inc. |
3,622 | 39,951 | |||
| Clifton Savings Bancorp, Inc. |
4,714 | 47,140 | |||
| Danvers Bancorp, Inc. |
1,141 | 15,757 | |||
| Dime Community Bancshares |
14,435 | 135,400 | |||
| ESSA Bancorp, Inc. |
1,821 | 24,237 | |||
| First Financial Holdings, Inc. |
5,281 | 40,400 | |||
| First Financial Northwest, Inc. |
7,787 | 64,944 | |||
| Flushing Financial Corp. |
8,849 | 53,271 | |||
| Home Federal Bancorp, Inc. |
3,845 | 33,567 | |||
| Kearny Financial Corp. |
11,691 | 122,522 | |||
| OceanFirst Financial Corp. |
5,917 | 60,472 | |||
| Provident Financial Services, Inc. |
17,290 | 186,905 | |||
| Provident New York Bancorp |
8,045 | 68,785 | |||
| Rockville Financial, Inc. |
2,832 | 25,771 | |||
| Roma Financial Corp. |
7,323 | 94,833 | |||
| United Financial Bancorp, Inc. |
3,507 | 45,907 | |||
| ViewPoint Financial Group |
4,930 | 59,308 | |||
| Westfield Financial, Inc. |
6,659 | 58,599 | |||
| WSFS Financial Corp. |
697 | 15,585 | |||
| Total Savings & Loans | 1,555,126 | ||||
| Semiconductors – 0.2% | |||||
| Cohu, Inc. |
4,234 | 30,485 | |||
| Micrel, Inc. |
12,326 | 86,775 | |||
| Power Integrations, Inc. |
1,366 | 23,495 | |||
| Total Semiconductors | 140,755 | ||||
| Investments | Shares | Value | |||
| Software – 1.2% | |||||
| Blackbaud, Inc. |
12,366 | $ | 143,569 | ||
| Computer Programs & Systems, Inc. |
5,784 | 192,434 | |||
| Fair Isaac Corp. |
2,240 | 31,517 | |||
| Pegasystems, Inc. |
3,237 | 60,111 | |||
| QAD, Inc. |
6,320 | 15,989 | |||
| Quality Systems, Inc.(a) |
7,719 | 349,285 | |||
| Renaissance Learning, Inc. |
8,600 | 77,142 | |||
| Schawk, Inc. |
2,649 | 16,000 | |||
| Total Software | 886,047 | ||||
| Telecommunications – 2.8% | |||||
| Adtran, Inc. |
15,177 | 246,019 | |||
| Alaska Communications Systems Group, Inc. |
39,701 | 265,997 | |||
| Applied Signal Technology, Inc. |
3,860 | 78,088 | |||
| Atlantic Tele-Network, Inc. |
4,262 | 81,745 | |||
| Black Box Corp. |
1,328 | 31,354 | |||
| Consolidated Communications Holdings, Inc. |
40,803 | 418,639 | |||
| D&E Communications, Inc. |
10,070 | 54,076 | |||
| Iowa Telecommunications Services, Inc. |
35,750 | 409,695 | |||
| NTELOS Holdings Corp. |
17,453 | 316,597 | |||
| Plantronics, Inc. |
6,778 | 81,810 | |||
| Preformed Line Products Co. |
795 | 29,924 | |||
| Shenandoah Telecommunications Co. |
2,516 | 57,365 | |||
| Total Telecommunications | 2,071,309 | ||||
| Textiles – 0.1% | |||||
| G&K Services, Inc. Class A |
2,441 | 46,159 | |||
| UniFirst Corp. |
680 | 18,931 | |||
| Total Textiles | 65,090 | ||||
| Transportation – 0.5% | |||||
| Arkansas Best Corp. |
5,418 | 103,050 | |||
| Forward Air Corp. |
3,437 | 55,783 | |||
| Horizon Lines, Inc. Class A* |
34,941 | 105,871 | |||
| International Shipholding Corp. |
5,431 | 106,828 | |||
| Total Transportation | 371,532 | ||||
| Trucking & Leasing – 0.0% | |||||
| Greenbrier Cos., Inc. |
7,804 | 28,563 | |||
| Water – 1.1% | |||||
| American States Water Co. |
5,113 | 185,704 | |||
| California Water Service Group |
5,189 | 217,211 | |||
| Connecticut Water Service, Inc. |
3,060 | 62,057 | |||
| Middlesex Water Co. |
5,400 | 77,760 | |||
| SJW Corp. |
4,218 | 107,264 | |||
| Southwest Water Co. |
17,597 | 75,667 | |||
| York Water Co. |
4,856 | 60,020 | |||
| Total Water | 785,683 | ||||
| TOTAL COMMON STOCKS (Cost: $108,042,152) |
71,936,760 | ||||
| SHORT-TERM INVESTMENT – 1.4% | |||||
| MONEY MARKET FUND – 1.4% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $990,958) |
990,958 | 990,958 | |||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | Value | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.1% | ||||||
| MONEY MARKET FUND – 5.1% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $3,742,287)(d) |
3,742,287 | $ | 3,742,287 | |||
| TOTAL INVESTMENTS IN SECURITIES – 104.5% (Cost: $112,775,397) | 76,670,005 | |||||
| Liabilities in Excess of Other Assets – (4.5)% |
(3,300,805 | ) | ||||
| NET ASSETS – 100.0% | $ | 73,369,200 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $3,517,880 and the total market value of the collateral held by the Fund was $3,742,287. |
See Notes to Financial Statements.
| 42 | WisdomTree Domestic Dividend Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic Dividend Funds
March 31, 2009
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree LargeCap Dividend Fund |
WisdomTree Dividend ex- Financials Fund |
WisdomTree MidCap Dividend Fund |
WisdomTree SmallCap Dividend Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost: |
$ | 127,225,491 | $ | 165,696,645 | $ | 427,731,819 | $ | 166,926,724 | $ | 105,022,554 | $ | 112,775,397 | ||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
85,925,890 | 103,848,235 | 297,493,788 | 108,527,078 | 69,584,603 | 76,670,005 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
305,414 | 607,851 | 1,066,908 | 489,952 | 207,874 | 447,814 | ||||||||||||||||||
| Investment securities sold |
— | — | — | — | 2,677,803 | 16,225 | ||||||||||||||||||
| Total Assets |
86,231,304 | 104,456,086 | 298,560,696 | 109,017,030 | 72,470,280 | 77,134,044 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Capital shares redeemed |
— | — | — | — | 2,679,802 | — | ||||||||||||||||||
| Collateral for securities on loan (Note 2) |
1,368,105 | 3,333,256 | 4,357,334 | 4,708,361 | 4,114,316 | 3,742,287 | ||||||||||||||||||
| Advisory fees (Note 3) |
19,204 | 30,978 | 67,266 | 31,665 | 20,782 | 22,299 | ||||||||||||||||||
| Service fees (Note 2) |
302 | 359 | 1,057 | 367 | 240 | 258 | ||||||||||||||||||
| Total Liabilities |
1,387,611 | 3,364,593 | 4,425,657 | 4,740,393 | 6,815,140 | 3,764,844 | ||||||||||||||||||
| NET ASSETS |
$ | 84,843,693 | $ | 101,091,493 | $ | 294,135,039 | $ | 104,276,637 | $ | 65,655,140 | $ | 73,369,200 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 146,150,125 | $ | 221,235,833 | $ | 489,108,328 | $ | 221,140,965 | $ | 127,853,564 | $ | 154,585,367 | ||||||||||||
| Undistributed net investment income |
82,946 | 146,102 | 249,330 | 188,938 | 75,632 | 239,538 | ||||||||||||||||||
| Accumulated net realized loss on investments |
(20,089,777 | ) | (58,442,032 | ) | (64,984,588 | ) | (58,653,620 | ) | (26,836,105 | ) | (45,350,313 | ) | ||||||||||||
| Net unrealized depreciation on investments |
(41,299,601 | ) | (61,848,410 | ) | (130,238,031 | ) | (58,399,646 | ) | (35,437,951 | ) | (36,105,392 | ) | ||||||||||||
| NET ASSETS |
$ | 84,843,693 | $ | 101,091,493 | $ | 294,135,039 | $ | 104,276,637 | $ | 65,655,140 | $ | 73,369,200 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
2,900,000 | 4,400,000 | 9,850,000 | 3,900,000 | 2,450,000 | 3,050,000 | ||||||||||||||||||
| Net asset value per share |
$ | 29.26 | $ | 22.98 | $ | 29.86 | $ | 26.74 | $ | 26.80 | $ | 24.06 | ||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 43 |
Table of Contents
WisdomTree Domestic Dividend Funds
For the Year Ended March 31, 2009
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree LargeCap Dividend Fund |
WisdomTree Dividend ex- Financials Fund |
WisdomTree MidCap Dividend Fund |
WisdomTree SmallCap Dividend Fund |
|||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||
| Dividends |
$ | 3,562,993 | $ | 7,110,809 | $ | 11,782,042 | $ | 6,666,331 | $ | 3,455,409 | $ | 4,383,554 | ||||||||||||
| Interest |
4,463 | 6,384 | 13,783 | 8,256 | 4,142 | 4,368 | ||||||||||||||||||
| Net securities lending income (Note 2) |
14,392 | 52,837 | 50,490 | 177,799 | 73,844 | 135,543 | ||||||||||||||||||
| Total investment income |
3,581,848 | 7,170,030 | 11,846,315 | 6,852,386 | 3,533,395 | 4,523,465 | ||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||
| Advisory fees (Note 3) |
239,125 | 455,969 | 816,625 | 525,849 | 287,660 | 310,449 | ||||||||||||||||||
| Service fees (Note 2) |
3,758 | 5,279 | 12,832 | 6,089 | 3,330 | 3,594 | ||||||||||||||||||
| Total expenses |
242,883 | 461,248 | 829,457 | 531,938 | 290,990 | 314,043 | ||||||||||||||||||
| Net investment income |
3,338,965 | 6,708,782 | 11,016,858 | 6,320,448 | 3,242,405 | 4,209,422 | ||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||
| Investment transactions |
(18,816,079 | ) | (57,374,586 | ) | (62,429,411 | ) | (58,548,955 | ) | (24,155,850 | ) | (39,689,366 | ) | ||||||||||||
| In-kind redemptions |
100,184 | 634,529 | 138,001 | 501,864 | 498,761 | — | ||||||||||||||||||
| Net realized loss |
(18,715,895 | ) | (56,740,057 | ) | (62,291,410 | ) | (58,047,091 | ) | (23,657,089 | ) | (39,689,366 | ) | ||||||||||||
| Net change in unrealized depreciation on investments |
(29,166,740 | ) | (29,209,022 | ) | (97,231,533 | ) | (23,355,640 | ) | (17,789,217 | ) | (15,137,758 | ) | ||||||||||||
| Net realized and unrealized loss on investments |
(47,882,635 | ) | (85,949,079 | ) | (159,522,943 | ) | (81,402,731 | ) | (41,446,306 | ) | (54,827,124 | ) | ||||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (44,543,670 | ) | $ | (79,240,297 | ) | $ | (148,506,085 | ) | $ | (75,082,283 | ) | $ | (38,203,901 | ) | $ | (50,617,702 | ) | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Domestic Dividend Funds |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic Dividend Funds
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree LargeCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| DECREASE IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 3,338,965 | $ | 2,787,757 | $ | 6,708,782 | $ | 7,516,728 | $ | 11,016,858 | $ | 8,696,117 | ||||||||||||
| Net realized gain (loss) on investments |
(18,715,895 | ) | 5,955,523 | (56,740,057 | ) | 8,121,969 | (62,291,410 | ) | 21,183,264 | |||||||||||||||
| Net change in unrealized depreciation on investments |
(29,166,740 | ) | (16,538,355 | ) | (29,209,022 | ) | (38,569,875 | ) | (97,231,533 | ) | (46,062,663 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(44,543,670 | ) | (7,795,075 | ) | (79,240,297 | ) | (22,931,178 | ) | (148,506,085 | ) | (16,183,282 | ) | ||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||||||||||
| Net investment income |
(3,313,229 | ) | (2,780,651 | ) | (6,721,777 | ) | (7,516,173 | ) | (10,899,807 | ) | (8,717,982 | ) | ||||||||||||
| Capital gains |
— | (32,317 | ) | — | — | — | — | |||||||||||||||||
| Total dividends and distributions |
(3,313,229 | ) | (2,812,968 | ) | (6,721,777 | ) | (7,516,173 | ) | (10,899,807 | ) | (8,717,982 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
46,420,476 | 52,837,196 | 71,553,240 | 81,010,005 | 182,938,258 | 247,874,223 | ||||||||||||||||||
| Cost of shares redeemed |
(1,790,616 | ) | (43,856,724 | ) | (23,158,766 | ) | (117,778,043 | ) | (37,775,980 | ) | (247,933,303 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
44,629,860 | 8,980,472 | 48,394,474 | (36,768,038 | ) | 145,162,278 | (59,080 | ) | ||||||||||||||||
| Net Decrease in Net Assets |
(3,227,039 | ) | (1,627,571 | ) | (37,567,600 | ) | (67,215,389 | ) | (14,243,614 | ) | (24,960,344 | ) | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 88,070,732 | $ | 89,698,303 | $ | 138,659,093 | $ | 205,874,482 | $ | 308,378,653 | $ | 333,338,997 | ||||||||||||
| End of year |
$ | 84,843,693 | $ | 88,070,732 | $ | 101,091,493 | $ | 138,659,093 | $ | 294,135,039 | $ | 308,378,653 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 82,946 | $ | 57,914 | $ | 146,102 | $ | 161,232 | $ | 249,330 | $ | 126,707 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
1,700,000 | 1,550,000 | 2,900,000 | 3,550,000 | 5,850,000 | 5,750,000 | ||||||||||||||||||
| Shares created |
1,250,000 | 900,000 | 2,100,000 | 1,450,000 | 5,000,000 | 4,300,000 | ||||||||||||||||||
| Shares redeemed |
(50,000 | ) | (750,000 | ) | (600,000 | ) | (2,100,000 | ) | (1,000,000 | ) | (4,200,000 | ) | ||||||||||||
| Shares outstanding, end of year |
2,900,000 | 1,700,000 | 4,400,000 | 2,900,000 | 9,850,000 | 5,850,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 45 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic Dividend Funds
| WisdomTree Dividend ex-Financials Fund |
WisdomTree MidCap Dividend Fund |
WisdomTree SmallCap Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 6,320,448 | $ | 7,264,782 | $ | 3,242,405 | $ | 3,321,097 | $ | 4,209,422 | $ | 4,292,643 | ||||||||||||
| Net realized gain (loss) on investments |
(58,047,091 | ) | 10,827,674 | (23,657,089 | ) | 653,799 | (39,689,366 | ) | (474,075 | ) | ||||||||||||||
| Net change in unrealized depreciation on investments |
(23,355,640 | ) | (41,906,221 | ) | (17,789,217 | ) | (20,445,978 | ) | (15,137,758 | ) | (22,490,630 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(75,082,283 | ) | (23,813,765 | ) | (38,203,901 | ) | (16,471,082 | ) | (50,617,702 | ) | (18,672,062 | ) | ||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(6,316,346 | ) | (7,217,835 | ) | (3,290,596 | ) | (3,282,192 | ) | (4,219,124 | ) | (4,348,178 | ) | ||||||||||||
| Total dividends |
(6,316,346 | ) | (7,217,835 | ) | (3,290,596 | ) | (3,282,192 | ) | (4,219,124 | ) | (4,348,178 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
119,876,634 | 117,466,412 | 66,272,249 | 78,307,186 | 47,165,978 | 60,277,961 | ||||||||||||||||||
| Cost of shares redeemed |
(100,406,482 | ) | (108,238,386 | ) | (50,320,867 | ) | (45,688,651 | ) | — | (68,165,226 | ) | |||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
19,470,152 | 9,228,026 | 15,951,382 | 32,618,535 | 47,165,978 | (7,887,265 | ) | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(61,928,477 | ) | (21,803,574 | ) | (25,543,115 | ) | 12,865,261 | (7,670,848 | ) | (30,907,505 | ) | |||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 166,205,114 | $ | 188,008,688 | $ | 91,198,255 | $ | 78,332,994 | $ | 81,040,048 | $ | 111,947,553 | ||||||||||||
| End of year |
$ | 104,276,637 | $ | 166,205,114 | $ | 65,655,140 | $ | 91,198,255 | $ | 73,369,200 | $ | 81,040,048 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 188,938 | $ | 184,836 | $ | 75,632 | $ | 123,823 | $ | 239,538 | $ | 262,432 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
3,250,000 | 3,150,000 | 1,900,000 | 1,350,000 | 1,750,000 | 1,950,000 | ||||||||||||||||||
| Shares created |
2,900,000 | 2,000,000 | 1,700,000 | 1,400,000 | 1,300,000 | 1,150,000 | ||||||||||||||||||
| Shares redeemed |
(2,250,000 | ) | (1,900,000 | ) | (1,150,000 | ) | (850,000 | ) | — | (1,350,000 | ) | |||||||||||||
| Shares outstanding, end of year |
3,900,000 | 3,250,000 | 2,450,000 | 1,900,000 | 3,050,000 | 1,750,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 46 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree Domestic Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 51.81 | $ | 57.87 | $ | 50.32 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.54 | 1.68 | 1.18 | |||||||||
| Net realized and unrealized gain (loss) |
(22.56 | ) | (6.04 | ) | 7.28 | |||||||
| Total from investment operations |
(21.02 | ) | (4.36 | ) | 8.46 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.53 | ) | (1.68 | ) | (0.91 | ) | ||||||
| Capital gains |
— | (0.02 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(1.53 | ) | (1.70 | ) | (0.91 | ) | ||||||
| Net asset value, end of period |
$ | 29.26 | $ | 51.81 | $ | 57.87 | ||||||
| TOTAL RETURN3 |
(41.29 | )% | (7.77 | )% | 16.84 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 84,844 | $ | 88,071 | $ | 89,698 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.31 | %4 | ||||||
| Net investment income |
3.91 | % | 2.89 | % | 2.76 | %4 | ||||||
| Portfolio turnover rate5 |
23 | % | 10 | % | 12 | % | ||||||
| WisdomTree Equity Income Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 47.81 | $ | 57.99 | $ | 50.01 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.95 | 2.22 | 1.56 | |||||||||
| Net realized and unrealized gain (loss) |
(24.80 | ) | (10.19 | ) | 7.54 | |||||||
| Total from investment operations |
(22.85 | ) | (7.97 | ) | 9.10 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.98 | ) | (2.21 | ) | (1.12 | ) | ||||||
| Total dividends to shareholders |
(1.98 | ) | (2.21 | ) | (1.12 | ) | ||||||
| Net asset value, end of period |
$ | 22.98 | $ | 47.81 | $ | 57.99 | ||||||
| TOTAL RETURN3 |
(49.06 | )% | (14.18 | )% | 18.23 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 101,091 | $ | 138,659 | $ | 205,874 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.40 | %4 | ||||||
| Net investment income |
5.59 | % | 3.88 | % | 3.68 | %4 | ||||||
| Portfolio turnover rate5 |
45 | % | 19 | % | 11 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Domestic Dividend Funds | 47 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 52.71 | $ | 57.97 | $ | 50.34 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.51 | 1.60 | 1.11 | |||||||||
| Net realized and unrealized gain (loss) |
(22.91 | ) | (5.21 | ) | 7.32 | |||||||
| Total from investment operations |
(21.40 | ) | (3.61 | ) | 8.43 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.45 | ) | (1.65 | ) | (0.80 | ) | ||||||
| Total dividends to shareholders |
(1.45 | ) | (1.65 | ) | (0.80 | ) | ||||||
| Net asset value, end of period |
$ | 29.86 | $ | 52.71 | $ | 57.97 | ||||||
| TOTAL RETURN3 |
(41.25 | )% | (6.47 | )% | 16.77 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 294,135 | $ | 308,379 | $ | 333,339 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.28 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.28 | % | 0.28 | % | 0.29 | %4 | ||||||
| Net investment income |
3.78 | % | 2.74 | % | 2.65 | %4 | ||||||
| Portfolio turnover rate5 |
25 | % | 8 | % | 13 | % | ||||||
| WisdomTree Dividend ex-Financials Fund† | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 51.14 | $ | 59.69 | $ | 50.12 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.81 | 2.10 | 1.40 | |||||||||
| Net realized and unrealized gain (loss) |
(24.34 | ) | (8.56 | ) | 9.09 | |||||||
| Total from investment operations |
(22.53 | ) | (6.46 | ) | 10.49 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.87 | ) | (2.09 | ) | (0.92 | ) | ||||||
| Total dividends to shareholders |
(1.87 | ) | (2.09 | ) | (0.92 | ) | ||||||
| Net asset value, end of period |
$ | 26.74 | $ | 51.14 | $ | 59.69 | ||||||
| TOTAL RETURN3 |
(45.10 | )% | (11.15 | )% | 20.99 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 104,277 | $ | 166,205 | $ | 188,009 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.40 | %4 | ||||||
| Net investment income |
4.57 | % | 3.57 | % | 3.29 | %4 | ||||||
| Portfolio turnover rate5 |
53 | % | 16 | % | 21 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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. |
| † | Formerly WisdomTree Dividend Top 100 Fund; data presented is under former strategy. |
See Notes to Financial Statements.
| 48 | WisdomTree Domestic Dividend Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 48.00 | $ | 58.02 | $ | 50.21 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.63 | 1.88 | 1.45 | |||||||||
| Net realized and unrealized gain (loss) |
(21.16 | ) | (10.12 | ) | 7.41 | |||||||
| Total from investment operations |
(19.53 | ) | (8.24 | ) | 8.86 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.67 | ) | (1.78 | ) | (1.04 | ) | ||||||
| Capital gains |
— | — | (0.01 | ) | ||||||||
| Total dividends and distributions to shareholders |
(1.67 | ) | (1.78 | ) | (1.05 | ) | ||||||
| Net asset value, end of period |
$ | 26.80 | $ | 48.00 | $ | 58.02 | ||||||
| TOTAL RETURN3 |
(41.61 | )% | (14.47 | )% | 17.71 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 65,655 | $ | 91,198 | $ | 78,333 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.43 | %4 | ||||||
| Net investment income |
4.31 | % | 3.38 | % | 3.47 | %4 | ||||||
| Portfolio turnover rate5 |
43 | % | 30 | % | 12 | % | ||||||
| WisdomTree SmallCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 46.31 | $ | 57.41 | $ | 50.24 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.85 | 2.13 | 1.79 | |||||||||
| Net realized and unrealized gain (loss) |
(22.26 | ) | (11.10 | ) | 6.65 | |||||||
| Total from investment operations |
(20.41 | ) | (8.97 | ) | 8.44 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.84 | ) | (2.13 | ) | (1.27 | ) | ||||||
| Total dividends to shareholders |
(1.84 | ) | (2.13 | ) | (1.27 | ) | ||||||
| Net asset value, end of period |
$ | 24.06 | $ | 46.31 | $ | 57.41 | ||||||
| TOTAL RETURN3 |
(45.27 | )% | (15.93 | )% | 16.88 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 73,369 | $ | 81,040 | $ | 111,948 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.38 | % | 0.38 | % | 0.42 | %4 | ||||||
| Net investment income |
5.15 | % | 3.97 | % | 4.25 | %4 | ||||||
| Portfolio turnover rate5 |
65 | % | 34 | % | 16 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Domestic Dividend Funds | 49 |
Table of Contents
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 pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2009, the Trust offered 50 investment funds (each a “Fund,” collectively, the “Funds”). The Funds, described herein, commenced operations on June 16, 2006.
These financial statements relate only to the WisdomTree Total Dividend Fund (“Total Dividend Fund”), WisdomTree Equity Income Fund, formerly the WisdomTree High-Yielding Equity Fund (“Equity Income Fund”), WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”), WisdomTree Dividend ex-Financials Fund, formerly known as the WisdomTree Dividend Top 100 Fund (“Dividend ex-Financials Fund”), WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”) and WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”), together the “Domestic Dividend Funds.”
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“Wisdom Tree Investments”). Each Fund described herein is considered to be non-diversified.
2. SIGNIFICANT ACCOUNTING POLICIES
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.
Use of Estimates — The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The Net Asset Value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask 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.
Fair Value Measurement — Effective April 1, 2008, the Funds adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). This standard defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosure about fair value measurements. Various inputs are used in determining the value of the Funds’ investments. These inputs are 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)
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 net asset value is computed and that may materially affect the value of the Fund’s investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict and acts of terrorism.
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
| 50 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
The following is a summary of the inputs used as of March 31, 2009 in valuing each Fund’s assets carried at fair value:
| Fund | Level 1 — Quoted Prices Valuation Inputs |
Level 2 — Other Significant Observable Inputs |
Level 3 — Significant Unobservable Inputs |
Total | |||||||
| Total Dividend Fund |
$ 84,312,466 | $ | 1,613,424 | $ | — | $ | 85,925,890 | ||||
| Equity Income Fund |
99,985,837 | 3,862,398 | — | 103,848,235 | |||||||
| LargeCap Dividend Fund |
292,733,275 | 4,760,513 | — | 297,493,788 | |||||||
| Dividend ex-Financials Fund |
103,099,319 | 5,427,759 | — | 108,527,078 | |||||||
| MidCap Dividend Fund |
64,766,741 | 4,817,862 | — | 69,584,603 | |||||||
| SmallCap Dividend Fund |
71,936,760 | 4,733,245 | — | 76,670,005 | |||||||
Investment Transactions — 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.
Investment Income — Dividend income is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses/Reimbursements — WisdomTree Asset Management (“WTAM”) has agreed to pay all expenses of the Funds, 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds 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 service fee paid by each Fund of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $397,376 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the fiscal year ended March 31, 2009. Expenses in excess of 0.0044% were paid by WTAM.
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. The loans are collateralized at all times by cash and/or high grade debt obligations in an amount at least equal to 102% of the market value of domestic securities loaned (105% in the case of foreign securities loaned), as determined at the close of business on the preceding business day. 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 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 receives 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.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
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 in which a Fund may invest 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. 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 Federal income tax regulations which may differ from U.S. GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are
| WisdomTree Domestic Dividend Funds | 51 |
Table of Contents
Notes to Financial Statements (continued)
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 as a tax return of capital.
Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”) prescribes 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 year ended March 31, 2009, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Portfolios file tax returns with the U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the three year period ended March 31, 2009, remains subject to examination by taxing authorities.
3. ADVISER FEES
Adviser Fees — As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, 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 Trust, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s Chief Compliance Officer, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary 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 in exchange for a fee of up to 0.0044%. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | ||
| Total Dividend Fund |
0.28 | % | |
| Equity Income Fund |
0.38 | % | |
| LargeCap Dividend Fund |
0.28 | % | |
| Dividend ex-Financials Fund |
0.38 | % | |
| MidCap Dividend Fund |
0.38 | % | |
| SmallCap Dividend Fund |
0.38 | % |
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the fiscal year ended March 31, 2009, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2009, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions and short-term investments) for the fiscal year ended March 31, 2009 were as follows:
| Fund | Purchases | Sales | ||||
| Total Dividend Fund |
$ | 20,265,365 | $ | 20,082,018 | ||
| Equity Income Fund |
53,963,834 | 53,935,068 | ||||
| LargeCap Dividend Fund |
73,907,659 | 73,398,082 | ||||
| Dividend ex-Financials Fund |
73,454,168 | 73,699,591 | ||||
| MidCap Dividend Fund |
32,863,026 | 32,977,549 | ||||
| SmallCap Dividend Fund |
52,537,632 | 52,589,088 | ||||
| 52 | WisdomTree Domestic Dividend Funds |
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Notes to Financial Statements (continued)
For the fiscal year ended March 31, 2009, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Sales | ||||
| Total Dividend Fund |
$ | 46,190,969 | $ | 1,778,499 | ||
| Equity Income Fund |
71,042,398 | 22,970,924 | ||||
| LargeCap Dividend Fund |
181,975,654 | 37,560,859 | ||||
| Dividend ex-Financials Fund |
118,774,978 | 99,314,444 | ||||
| MidCap Dividend Fund |
65,872,096 | 50,010,283 | ||||
| SmallCap Dividend Fund |
46,774,596 | — | ||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2009, 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 Depreciation |
||||||||||
| Total Dividend Fund |
$ | 131,955,638 | $ | 374,975 | $ | (46,404,723 | ) | $ | (46,029,748 | ) | ||||
| Equity Income Fund |
177,205,856 | 939,256 | (74,296,877 | ) | (73,357,621 | ) | ||||||||
| LargeCap Dividend Fund |
443,403,827 | 892,790 | (146,802,829 | ) | (145,910,039 | ) | ||||||||
| Dividend ex-Financials Fund |
174,211,114 | 1,103,273 | (66,787,309 | ) | (65,684,036 | ) | ||||||||
| MidCap Dividend Fund |
108,549,909 | 365,504 | (39,330,810 | ) | (38,965,306 | ) | ||||||||
| SmallCap Dividend Fund |
118,514,279 | 1,580,724 | (43,424,998 | ) | (41,844,274 | ) | ||||||||
At March 31, 2009, the components of accumulated earnings/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Depreciation |
Total Accumulated Losses |
|||||||||||
| Total Dividend Fund |
$ | 82,946 | $ | (15,357,379 | ) | $ | (46,029,748 | ) | $ | (61,304,181 | ) | ||||
| Equity Income Fund |
146,102 | (46,925,280 | ) | (73,357,621 | ) | (120,136,799 | ) | ||||||||
| LargeCap Dividend Fund |
249,330 | (49,304,425 | ) | (145,910,039 | ) | (194,965,134 | ) | ||||||||
| Dividend ex-Financials Fund |
188,938 | (51,331,633 | ) | (65,684,036 | ) | (116,826,731 | ) | ||||||||
| MidCap Dividend Fund |
75,632 | (23,308,750 | ) | (38,965,306 | ) | (62,198,424 | ) | ||||||||
| SmallCap Dividend Fund |
239,538 | (39,611,431 | ) | (41,844,274 | ) | (81,216,167 | ) | ||||||||
The tax character of distributions paid during the years ended March 31, 2009 and March 31, 2008, was as follows:
| Year Ended March 31, 2009 | Year Ended March 31, 2008 | |||||||||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Long-Term Capital Gains |
Distributions Paid from Ordinary Income* |
Distributions Paid from Long-Term Capital Gains | ||||||||
| Total Dividend Fund |
$ | 3,313,229 | $ | — | $ | 2,793,381 | $ | 19,587 | ||||
| Equity Income Fund |
6,721,777 | — | 7,516,173 | — | ||||||||
| LargeCap Dividend Fund |
10,899,807 | — | 8,717,982 | — | ||||||||
| Dividend ex-Financials Fund |
6,316,346 | — | 7,217,835 | — | ||||||||
| MidCap Dividend Fund |
3,290,596 | — | 3,282,192 | — | ||||||||
| SmallCap Dividend Fund |
4,219,124 | — | 4,348,178 | — | ||||||||
| * | Includes short-term capital gains. |
At March 31, 2009, for Federal income 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.
| WisdomTree Domestic Dividend Funds | 53 |
Table of Contents
Notes to Financial Statements (concluded)
| Fund | Capital Loss Available Through 2015 |
Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Total | ||||||||
| Total Dividend Fund |
$ | — | $ | 410,492 | $ | 4,674,701 | $ | 5,085,193 | ||||
| Equity Income Fund |
4,934 | 1,261,567 | 9,481,659 | 10,748,160 | ||||||||
| LargeCap Dividend Fund |
5,452 | 3,165,417 | 12,904,697 | 16,075,566 | ||||||||
| Dividend ex-Financials Fund |
16,309 | 1,204,674 | 9,972,192 | 11,193,175 | ||||||||
| MidCap Dividend Fund |
— | 517,017 | 7,127,052 | 7,644,069 | ||||||||
| SmallCap Dividend Fund |
44,705 | 774,464 | 10,100,965 | 10,920,134 | ||||||||
Capital losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first business day of each Fund's next taxable year.
During the year ended March 31, 2009, the following Funds incurred and will elect to defer net post-October losses as follows:
| Fund | Post-October Capital Losses | ||
| Total Dividend Fund |
$ | 10,272,186 | |
| Equity Income Fund |
36,177,120 | ||
| LargeCap Dividend Fund |
33,223,859 | ||
| Dividend ex-Financials Fund |
40,138,458 | ||
| MidCap Dividend Fund |
15,664,681 | ||
| SmallCap Dividend Fund |
28,691,297 | ||
At March 31, 2009, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/(Loss) |
Paid-in Capital | |||||||||
| Total Dividend Fund |
$ | (704 | ) | $ | (99,009 | ) | $ | 99,713 | ||||
| Equity Income Fund |
(2,135 | ) | 1,209,937 | (1,207,802 | ) | |||||||
| LargeCap Dividend Fund |
5,572 | 2,428,768 | (2,434,340 | ) | ||||||||
| Dividend ex-Financials Fund |
— | 2,957,324 | (2,957,324 | ) | ||||||||
| MidCap Dividend Fund |
— | 823,493 | (823,493 | ) | ||||||||
| SmallCap Dividend Fund |
(13,192 | ) | 11,332 | 1,860 | ||||||||
These differences are primarily due to redemptions-in-kind and the tax treatment of income earned from investments in partnerships.
7. NEW ACCOUNTING PRONOUNCEMENT
On March 19, 2008, the FASB released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 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 application of FAS 161 is required for fiscal years beginning after November 15, 2008 and interim periods within those fiscal years. At this time, management is evaluating the implications of FAS 161 and its impact on the financial statements.
| 54 | WisdomTree Domestic Dividend Funds |
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund and WisdomTree SmallCap Dividend Fund (six of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2009, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period the ended, and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2009, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the
financial position of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund and WisdomTree SmallCap Dividend Fund of WisdomTree Trust at March 31, 2009, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.
New York, New York
May 28, 2009
| WisdomTree Domestic Dividend Funds | 55 |
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
The Board of Trustees of the Trust, including a majority of the Independent Trustees, has the responsibility under the 1940 Act to approve each Fund’s Investment Advisory Agreement and Sub-Advisory Agreement (collectively, the “Investment Advisory Agreements”). In addition, the Trust’s Board of Trustees will receive, review and evaluate information concerning the services and personnel of WTAM (the “Investment Adviser”) and Mellon Capital Management Corporation (the “Sub-Adviser”) at each quarterly meeting of the Board of Trustees. While particular emphasis will be placed on information concerning profitability, comparability of fees and total expenses, and the Trust’s investment performance at any future meeting at which a renewal of the Investment Advisory Agreements is considered, the process of evaluating the Investment Adviser and the Sub-Adviser and the Trust’s investment arrangements is an ongoing one. In this regard, the Board’s consideration of the nature, extent and quality of the services to be provided by the Investment Adviser and the Sub-Adviser under the Investment Advisory Agreements will include deliberations at future quarterly meetings.
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an Investment Advisory Agreement covering each Fund discussed herein. At a meeting held on March 2, 2009, the Board of Trustees reapproved the Investment Advisory Agreement for the Funds. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the investment performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board 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 also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Adviser and 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 gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also 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 concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the Sub-Adviser to the Funds, Mellon Capital Management Corporation (“MCM”), using essentially the same criteria it used for WTAM. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation (“BNYM”), an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian and transfer agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services.
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 determined that the approval of the Advisory Agreement and the Sub-Advisory Agreement was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreement and Sub-Advisory Agreement.
| 56 | WisdomTree Domestic Dividend Funds |
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Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” 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. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree Total Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 317 | 45.16 | % | 330 | 47.01 | % | |||||
| 25 – 49.9 | 23 | 3.28 | % | 12 | 1.71 | % | ||||||
| 50 – 74.9 | 6 | 0.85 | % | 5 | 0.71 | % | ||||||
| 75 – 100.0 | 3 | 0.43 | % | 0 | 0.00 | % | ||||||
| >100.0 | 5 | 0.71 | % | 1 | 0.14 | % | ||||||
| Total | 354 | 50.43 | % | 348 | 49.57 | % | ||||||
| WisdomTree Equity Income Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 306 | 43.59 | % | 336 | 47.86 | % | |||||
| 25 – 49.9 | 27 | 3.85 | % | 9 | 1.28 | % | ||||||
| 50 – 74.9 | 5 | 0.71 | % | 5 | 0.71 | % | ||||||
| 75 –100.0 | 2 | 0.28 | % | 1 | 0.14 | % | ||||||
| >100.0 | 7 | 1.00 | % | 4 | 0.57 | % | ||||||
| Total | 347 | 49.43 | % | 355 | 50.56 | % | ||||||
| WisdomTree LargeCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 345 | 49.15 | % | 266 | 37.89 | % | |||||
| 25 – 49.9 | 43 | 6.13 | % | 14 | 1.99 | % | ||||||
| 50 – 74.9 | 18 | 2.56 | % | 2 | 0.28 | % | ||||||
| 75 –100.0 | 2 | 0.28 | % | 0 | 0.00 | % | ||||||
| >100.0 | 9 | 1.28 | % | 3 | 0.43 | % | ||||||
| Total | 417 | 59.40 | % | 285 | 40.59 | % | ||||||
| WisdomTree MidCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 333 | 47.44 | % | 302 | 43.02 | % | |||||
| 25 – 49.9 | 20 | 2.85 | % | 15 | 2.14 | % | ||||||
| 50 – 74.9 | 7 | 1.00 | % | 4 | 0.57 | % | ||||||
| 75 –100.0 | 2 | 0.28 | % | 4 | 0.57 | % | ||||||
| >100.0 | 11 | 1.57 | % | 4 | 0.57 | % | ||||||
| Total | 373 | 53.14 | % | 329 | 46.87 | % | ||||||
| WisdomTree SmallCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 313 | 44.59 | % | 285 | 40.60 | % | |||||
| 25 – 49.9 | 41 | 5.84 | % | 25 | 3.56 | % | ||||||
| 50 – 74.9 | 12 | 1.71 | % | 5 | 0.71 | % | ||||||
| 75 –100.0 | 2 | 0.28 | % | 2 | 0.28 | % | ||||||
| >100.0 | 10 | 1.42 | % | 7 | 1.00 | % | ||||||
| Total | 378 | 53.84 | % | 324 | 46.15 | % | ||||||
| WisdomTree Dividend ex–Financials Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 324 | 46.15 | % | 290 | 41.31 | % | |||||
| 25 – 49.9 | 47 | 6.70 | % | 16 | 2.28 | % | ||||||
| 50 – 74.9 | 4 | 0.57 | % | 2 | 0.28 | % | ||||||
| 75 –100.0 | 3 | 0.43 | % | 2 | 0.28 | % | ||||||
| >100.0 | 10 | 1.42 | % | 4 | 0.57 | % | ||||||
| Total | 388 | 55.27 | % | 314 | 44.72 | % | ||||||
| WisdomTree Domestic Dividend Funds | 57 |
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Trustee and Officer 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 WisdomTree Asset Management 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 |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee and Officer† |
Other | |||||
| Jonathan Steinberg (1964) | Trustee, President* | Trustee and Officer since 2005 | Chief Executive Officer of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) and Director of WisdomTree Investments, Inc. (since 1989) (formerly, Index Development Partners, Inc.) | 50 | None. | |||||
| Amit Muni (1969) |
Treasurer*, Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since March 2008); International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer (2003 to 2008); Instinet Group Inc., Vice President Finance (2000 to 2003). | 50 | None. | |||||
| Richard Morris (1967) |
Secretary*, Chief Legal Officer* | Officer since 2005 |
Deputy General Counsel of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since 2005); Senior Counsel at Barclays Global Investors, N.A. (2002 to 2005); Counsel at Barclays Global Investors, N.A. (2000 to 2001). | 50 | None. | |||||
| * | Elected by and serves at the pleasure of the Board of Trustees. |
| † | As of March 31, 2009. |
| 58 | WisdomTree Domestic Dividend Funds |
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Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee† |
Other | |||||
| Gregory Barton (1961)* | Trustee | Trustee since 2006 |
General Counsel and Secretary of Martha Stewart Living Omnimedia, Inc. (2007-2008); Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2003 to 2007); Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2002 to 2003); President (2001 to 2002), Chief Financial Officer (2000 to 2002), Vice President of Business Development (1999 to 2001) and General Counsel and Secretary (1998 to 2002) of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) | 50 | None. | |||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean at University of Arizona James E. Rogers College of Law (since 1999); Professor at University of Arizona James E. Rogers College of Law (since 1990). | 50 | None. | |||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
Private Investor (2005 to present); President and Chief Executive Officer of William D. Witter, Inc. (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 Corp., and Chairman of the Fund Board of Enterprise Group of Funds (1991 to 2004). | 50 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of the Hoover Institution at Stanford University. | |||||
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| † | As of March 31, 2009. |
| WisdomTree Domestic Dividend Funds | 59 |
Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2009, 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 on Form 1099-DIV in January 2010.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2009, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | ||
| Total Dividend Fund |
$ | 3,300,080 | |
| Equity Income Fund |
6,420,925 | ||
| LargeCap Dividend Fund |
10,899,806 | ||
| Dividend ex-Financials Fund |
5,814,139 | ||
| MidCap Dividend Fund |
2,413,837 | ||
| SmallCap Dividend Fund |
2,469,096 | ||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2009 that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction |
||
| Total Dividend Fund |
99.79 | % | |
| Equity Income Fund |
96.05 | ||
| LargeCap Dividend Fund |
100.00 | ||
| Dividend ex-Financials Fund |
94.36 | ||
| MidCap Dividend Fund |
74.41 | ||
| SmallCap Dividend Fund |
60.67 |
| 60 | WisdomTree Domestic Dividend Funds |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine how to vote proxies related to each Fund’s portfolio securities, and information on how the Trust voted proxies during the period ended June 30, 2008, is available without charge, upon request (i) by calling 1-866-909-WISE, (ii) on the Trust’s website at www.wisdomtree.com and (iii) on the Securities and Exchange Commission’s (“SEC”) 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, upon request on the SEC’s website at www.sec.gov, and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330). (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The 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.
| WisdomTree Domestic Dividend Funds | 61 |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2009:
| 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 Europe Total Dividend Fund (DEB)
WisdomTree Europe Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan Equity Income Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
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 International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Discretionary Sector Fund (DPC)
WisdomTree International Consumer Staples Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International 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 Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree U.S. Current Income Fund (USY)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree 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, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each Fund’s risk profile. Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 10017
1.866.909. WISE (9473)
www.wisdomtree.com
WisdomTree Domestic Dividend ETFs
WisdomTree Total Dividend Fund
WisdomTree Equity Income Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend ex-Financials Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS001848 (05/2010)
Table of Contents
WisdomTree Trust
Domestic and International Earnings Funds
Annual Report
March 31, 2009
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree Earnings Top 100 Fund
WisdomTree Low P/E Fund
WisdomTree LargeCap Growth Fund
WisdomTree India Earnings Fund
Table of Contents
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| 12 | ||
| Schedules of Investments | ||
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| 42 | ||
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| 65 | ||
| 68 | ||
| 70 | ||
| 72 | ||
| 75 | ||
| 79 | ||
| 85 | ||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
86 | |
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| 91 | ||
| 92 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
Table of Contents
Dear Shareholders:
I wish there were more positive highlights to report for the funds of the WisdomTree Trust for the fiscal year that ended March 31, 2009. Unfortunately, the last 12 months represented one of the worst one-year periods for equity returns since the Great Depression.
U.S. stocks, as measured by the Russell 3000 Index, declined 38.20% through March 31, 2009. Stocks in developed and developing foreign markets, as measured by the MSCI EAFE Index and the MSCI Emerging Markets Index, respectively, fell by approximately 47% over the same period. Value stocks underperformed growth stocks in the U.S. and international markets. Financial stocks represented the worst performing sector in the U.S and in the developed world.
These factors impacted the returns of many of WisdomTree’s funds, both on an absolute and relative basis to comparable cap-weighted indexes. 17 of WisdomTree’s 40 equity funds with at least one-year track records outperformed their comparable capitalization-weighted benchmark in the fiscal year ended March 31, 2009. Yet, despite this past year’s formidable headwinds, 24 of WisdomTree’s 42 equity ETFs have outperformed their comparable benchmarks since inception. WisdomTree’s strongest relative showing occurred within the developing world. The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) outperformed their comparable cap-weighted benchmarks by 10.86 percentage points and 9.18 percentage points, respectively. WisdomTree’s weakest relative performance for the period was exhibited by the WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES), which underperformed the Russell 2000 Index by 7.77 percentage points.
WisdomTree also launched two innovative equity products in the past fiscal year. In July, WisdomTree introduced the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF), which gives investors exposure to eight equity markets in the Persian Gulf region. In December, WisdomTree launched the WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI), the industry’s first fundamentally weighted growth ETF. WisdomTree believes these funds give investors new ways to apply the fundamentally weighted concept across the full spectrum of equity investing, both domestically and internationally.
Though the challenging market environment has extended into 2009, the recent financial crisis has highlighted the potential benefits of ETFs. We believe that investors are placing ever more importance on the transparency, liquidity and tax efficiency that ETFs provide.
Thank you for your continued support.
Best regards,
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
This information is subject to change at any time based on market and other conditions and should not be construed as a recommendation of any specific security. Fund returns are quoted at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Past performance is no guarantee of future results.
The Russell 3000 Index measures the performance of the 3000 largest stocks in the U.S. market by market value. The MSCI Emerging Markets Index is a market cap weighted index that is designed to measure equity market performance consisting of 25 emerging market country indexes. The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan. The Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index. You cannot invest directly in an index.
| WisdomTree Domestic and International Earnings Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance
The WisdomTree Trust earnings-based ETFs give investors access to all major market capitalization segments of the U.S. equity market and access to India. The WisdomTree earnings-based ETFs are designed to offer investors alternatives to market capitalization-weighted index funds by tracking proprietary indexes that are weighted based on the earnings companies generate.
The U.S. equity market, measured by the Russell 3000 Index, S&P 500 Index, and Dow Jones Industrial Average, all popular benchmarks for U.S. equity markets, declined between 36% to 38% in the 12 months that ended March 31, 2009 (“the period”). The fourth quarter of 2008 marked the largest quarterly retrenchment in U.S. equity prices since the fourth quarter of 1987. The market, as measured by the Russell 3000 Index, then continued to slide a further 11%, in the first quarter of 2009. Stocks retracted on continued tight credit, earnings concerns within a tepid operating environment, and from broader evidence of the U.S. economy’s continued faltering.
The equity market’s significant retraction was caused by various factors including the credit crisis that was sparked by the bankruptcy of the investment bank, Lehman Brothers in September 2008. Banks became afraid to lend to each other, as fears spiraled that their money was not safe at any financial institution. As a result, borrowing rates on loans rose significantly, increasing the cost of doing business for companies all across the economy. Companies reacted by pulling back spending on investments and they began trimming their workforces in response to their higher cost of capital. Consumers, in turn, became more fearful of losing their jobs. Nervous employees started saving more and spending less, creating a downward spiral and even weaker economic environment. The unemployment rate rose to 8.1% in March of 2009, its highest level since 1983. Jobless claims spiked above 670,000, marking the breadth of the U.S. recession.
Summary of Fund Performance vs. Capitalization-Weighted Benchmarks For Year ended March 31, 2009
| TICKER | WISDOMTREE FUND | 1 YEAR | CAPITALIZATION-WEIGHTED BENCHMARK INDEX |
1 YEAR | 1 YEAR FUND vs. INDEX |
||||||||
| EZM |
WT MidCap Earnings Fund | (36.73 | )% | S&P MidCap 400 Index | (36.09 | )% | (0.64 | )% | |||||
| EPS |
WT Earnings 500 Fund | (37.83 | )% | S&P 500 Index | (38.09 | )% | 0.26 | % | |||||
| EXT |
WT Total Earnings Fund | (37.86 | )% | Russell 3000 Index | (38.20 | )% | 0.34 | % | |||||
| EES |
WT SmallCap Earnings Fund | (39.31 | )% | Russell 2000 Index | (37.50 | )% | (1.81 | )% | |||||
| EZY |
WT Low P/E Fund | (42.87 | )% | Russell 1000 Value Index | (42.42 | )% | (0.45 | )% | |||||
| EEZ |
WT Earnings Top 100 Fund | (43.93 | )% | Russell 1000 Value Index | (42.42 | )% | (1.51 | )% | |||||
| EPI |
WT India Earnings Fund | (50.89 | )% | MSCI India Index | (52.28 | )% | 1.39 | % | |||||
| ROI |
WT LargeCap Growth Fund* | N/A | Russell 1000 Growth Index | (34.28 | )% | N/A |
| * | Information is not presented for the WisdomTree LargeCap Growth Fund as this Fund commenced operations on December 4, 2008 and therefore does not have a full reporting year’s worth of performance. |
Within the domestic earnings funds, the two funds that declined the most — the WisdomTree Low P/E Fund and the WisdomTree Earnings Top 100 Fund — had the greatest exposure to the financial sector. Historically, the financial sector had low P/E ratios and high profits and therefore under WisdomTree’s earnings-weighted methodology, financial company stocks had an above average weight. Because of the credit crises and resulting economic downturn, the financial sector was the worst- performing sector in the period.
The two funds that declined the least were the WisdomTree MidCap Earnings Fund and the WisdomTree Earnings 500 Fund. The WisdomTree Earnings 500 Fund was aided by
| 2 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Management’s Discussion of Funds’ Performance (concluded)
having exposure to the Energy sector, which performed well in the period due to record profits at some of the largest Energy companies. The WisdomTree MidCap Earnings Fund was helped by relatively less exposure to the financial sector.
Internationally, the only region of the world where WisdomTree sets portfolio weights based on earnings is in India. In February of 2008, the Trust launched the WisdomTree India Earnings Fund which was the first ETF to offer investor access to India. Because of its fundamentally weighted methodology, the WisdomTree India Earnings Fund outperformed the MSCI India Index by 1.39 percentage points during the period.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses. 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 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.
The Russell 3000 Index measures the performance of the 3,000 largest stocks in the U.S. market by market value; the Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index; the Russell 2000 Growth Index is a capitalization weighted index that measures the small-cap growth segment of the U.S. equity universe, selecting from the Russell 2000 Index.; the Russell 1000 Value Index measures the performance of Russell 1000 companies with lower price to book ratios and lower forecasted growth values; the S&P 500 Index is the Standard & Poor’s composite index of 500 stocks; the S&P MidCap 400 Index is an group of 400 domestic stocks chosen for market size, liquidity and industry group representation; the MSCI India Index is a free float-adjusted market capitalization index that is designed to measure the performance of stocks in India. Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. Performance information for the MSCI India Index assumes reinvestment of net dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
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 Domestic and International Earnings Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Total Earnings Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | ||
| Exxon Mobil Corp. |
5.8 | % | |
| Chevron Corp. |
2.9 | % | |
| Microsoft Corp. |
2.3 | % | |
| ConocoPhillips |
1.8 | % | |
| International Business Machines Corp. |
1.7 | % | |
| Wal-Mart Stores, Inc. |
1.7 | % | |
| General Electric Co. |
1.5 | % | |
| Johnson & Johnson |
1.5 | % | |
| AT&T, Inc. |
1.5 | % | |
| Goldman Sachs Group, Inc. (The) |
1.3 | % | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Total Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Earnings Index.
The WisdomTree Total Earnings Fund (Ticker Symbol: EXT) returned (37.86)% at net asset value (“NAV”) for the fiscal year ending March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 19.98% of the Fund and returns of (56.46)% over the period. The Fund’s decline was least affected by Telecommunication Services which returned (23.85)%, with an average weight of 2.39% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Earnings Index |
Russell 3000 Index | |||||||||
| One Year |
(37.86 | )% | (37.76 | )% | (37.74 | )% | (38.20 | )% | ||||
| Since Inception1 |
(23.14 | )% | (23.10 | )% | (23.04 | )% | (23.57 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Earnings 500 Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | ||
| Exxon Mobil Corp. |
6.3 | % | |
| Chevron Corp. |
3.2 | % | |
| Microsoft Corp. |
2.7 | % | |
| ConocoPhillips |
2.1 | % | |
| International Business Machines Corp. |
2.0 | % | |
| Wal-Mart Stores, Inc. |
1.9 | % | |
| General Electric Co. |
1.8 | % | |
| Johnson & Johnson |
1.7 | % | |
| AT&T, Inc. |
1.7 | % | |
| Goldman Sachs Group, Inc. (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. |
The WisdomTree Earnings 500 Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Earnings 500 Index.
The WisdomTree Earnings 500 Fund (Ticker Symbol: EPS) returned (37.83)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 20.07% of the Fund and returns of (58.45)% over the period. The Fund’s decline was least affected by Telecommunication Services which returned (23.78)%, with an average weight of 2.63% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.28%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Earnings 500 Index |
S&P 500 Index | |||||||||
| One Year |
(37.83 | )% | (37.76 | )% | (37.78 | )% | (38.09 | )% | ||||
| Since Inception1 |
(22.70 | )% | (22.71 | )% | (22.48 | )% | (23.06 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Earnings Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Terra Industries, Inc. |
1.3% | |
| Celanese Corp. Series A |
1.1% | |
| Plains Exploration & Production Co. |
1.0% | |
| Denbury Resources, Inc. |
1.0% | |
| Nordstrom, Inc. |
1.0% | |
| Reliance Steel & Aluminum Co. |
0.9% | |
| Sepracor, Inc. |
0.8% | |
| Allegheny Technologies, Inc. |
0.7% | |
| Navistar International Corp. |
0.7% | |
| SPX Corp. |
0.7% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree MidCap Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree MidCap Earnings Index.
The WisdomTree MidCap Earnings Fund (Ticker Symbol: EZM) returned (36.73)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 18.47% of the Fund and returns of (41.14)% over the period. The Fund’s decline was least affected by Telecommunication Services which returned (4.65)%, with an average weight of 0.56% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree MidCap Earnings Index |
S&P MidCap 400 Index |
|||||||||
| One Year |
(36.73 | )% | (36.70 | )% | (36.87 | )% | (36.09 | )% | ||||
| Since Inception1 |
(25.44 | )% | (25.38 | )% | (25.60 | )% | (22.70 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Earnings Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Berry Petroleum Co. Class A |
1.1% | |
| WESCO International, Inc. |
1.0% | |
| OM Group, Inc. |
1.0% | |
| Helix Energy Solutions Group, Inc. |
0.9% | |
| SYNNEX Corp. |
0.7% | |
| Ashland, Inc. |
0.6% | |
| W.R. Grace & Co. |
0.6% | |
| Ciena Corp. |
0.5% | |
| Sirona Dental Systems, Inc. |
0.5% | |
| Cal-Maine Foods, Inc. |
0.5% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree SmallCap Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index.
The WisdomTree SmallCap Earnings Fund (Ticker Symbol: EES) returned (39.31)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 24.44% of the Fund and returns of (40.48)% over the period. The Fund benefited most by Utilities which returned 0.47%, but only comprised on average 1.49% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree SmallCap Earnings Index |
Russell 2000 Index | |||||||||
| One Year |
(39.31 | )% | (39.04 | )% | (39.96 | )% | (37.50 | )% | ||||
| Since Inception1 |
(29.63 | )% | (29.54 | )% | (29.87 | )% | (26.24 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Earnings Top 100 Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Corning, Inc. |
4.2% | |
| Freeport-McMoRan Copper & Gold, Inc. |
3.6% | |
| Goldman Sachs Group, Inc. (The) |
2.4% | |
| Mosaic Co. (The) |
1.9% | |
| Marathon Oil Corp. |
1.7% | |
| Valero Energy Corp. |
1.6% | |
| Best Buy Co., Inc. |
1.6% | |
| Murphy Oil Corp. |
1.5% | |
| News Corp. Class A |
1.5% | |
| DISH Network Corp. Class A |
1.4% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Earnings Top 100 Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Earnings Top 100 Index.
The WisdomTree Earnings Top 100 Fund (Ticker Symbol: EEZ) returned (43.93)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 30.59% of the Fund and returns of (57.44)% over the period. The Fund’s decline was least affected by Information Technology which returned (27.64)%, with an average weight of 5.13% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Earnings Top 100 Index |
Russell 1000 Value Index |
|||||||||
| One Year |
(43.93 | )% | (43.93 | )% | (43.58 | )% | (42.42 | )% | ||||
| Since Inception1 |
(27.50 | )% | (27.46 | )% | (27.11 | )% | (27.31 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Low P/E Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Exxon Mobil Corp. |
13.7% | |
| Chevron Corp. |
6.9% | |
| ConocoPhillips |
4.3% | |
| General Electric Co. |
3.7% | |
| Goldman Sachs Group, Inc. (The) |
3.0% | |
| Corning, Inc. |
2.5% | |
| Occidental Petroleum Corp. |
2.3% | |
| Freeport-McMoRan Copper & Gold, Inc. |
1.5% | |
| Altria Group, Inc. |
1.4% | |
| Marathon Oil Corp. |
1.3% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Low P/E Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Low P/E Index. Beginning on or after June 19, 2009, the WisdomTree Low P/E Fund will change its investment objective and be renamed the WisdomTree LargeCap Value Fund. The Fund will seek to track the performance of the WisdomTree LargeCap Value Index. The LargeCap Value Index is a fundamentally weighted index that measures the performance of large-cap value companies. The Index consists of U.S. companies that have positive cumulative earnings over the past four fiscal quarters and that meet WisdomTree’s market capitalization, liquidity, and other requirements as of the Index measurement date.
The WisdomTree Low P/E Fund (Ticker Symbol: EZY) returned (42.87)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 34.32% of the Fund and returns of (54.02)% over the period. The Fund’s decline was least affected by Consumer Staples which returned (28.25)%, with an average weight of 1.33% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Low P/E Index |
Russell 1000 Value Index |
|||||||||
| One Year |
(42.87 | )% | (42.81 | )% | (42.76 | )% | (42.42 | )% | ||||
| Since Inception1 |
(27.50 | )% | (27.44 | )% | (27.38 | )% | (27.31 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on February 23, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Growth Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Microsoft Corp. |
7.9% | |
| International Business Machines Corp. |
6.5% | |
| Berkshire Hathaway, Inc. Class B |
6.1% | |
| AT&T, Inc. |
5.3% | |
| Hewlett-Packard Co. |
3.9% | |
| Oracle Corp. |
3.4% | |
| Coca-Cola Co. (The) |
3.4% | |
| McDonald’s Corp. |
2.8% | |
| Occidental Petroleum Corp. |
2.7% | |
| Google, Inc. Class A |
2.5% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree LargeCap Growth Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Growth Index.
The WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI) returned 3.56% at net asset value (“NAV”) from its inception on December 4, 2008 through March 31, 2009 (for more complete performance information, please see below). Financials detracted the most from returns, with an average weight of 11.95% of the Fund and returns of (11.57)% over the period. The Fund benefitted most by Information Technology which returned 5.77%, but only comprised on average 31.31% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.38%
Performance as of 3/31/09
| Cumulative Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree LargeCap Growth Index |
Russell 1000 Growth Index |
|||||||||
| One Year |
N/A | N/A | N/A | (34.28 | )% | |||||||
| Since Inception1 |
3.56 | % | 3.64 | % | 3.60 | % | 4.30 | % | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE Arca on December 4, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 10 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree India Earnings Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may comprise of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Reliance Industries Ltd. |
18.3% | |
| Infosys Technologies Ltd. |
7.8% | |
| Oil & Natural Gas Corp., Ltd. |
6.0% | |
| Bharti Airtel Ltd. |
4.2% | |
| ICICI Bank Ltd. |
2.3% | |
| Hindustan Unilever Ltd. |
2.3% | |
| NTPC Ltd. |
2.1% | |
| Reliance Communications Ltd. |
2.1% | |
| Sterlite Industries India Ltd. |
2.0% | |
| ITC Ltd. |
1.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree India Earnings Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.
The WisdomTree India Earnings Fund (Ticker Symbol: EPI) returned (50.89)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Energy detracted the most from returns, with an average weight of 26.74% of the Fund and returns of (41.98)% over the period. The Fund’s decline was least affected by Consumer Staples which returned (28.67)%, with an average weight of 5.60% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.88%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree India Earnings Index |
MSCI India Index |
|||||||||
| One Year |
(50.89 | )% | (51.40 | )% | (49.94 | )% | (52.28 | )% | ||||
| Since Inception1 |
(52.03 | )% | (52.29 | )% | (51.06 | )% | (54.02 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE Arca on February 22, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree Domestic and International Earnings Funds | 11 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2008 to March 31, 2009 for all Funds except the WisdomTree LargeCap Growth Fund whose period was December 4, 2008 (commencement of investment operations) through March 31, 2009.
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 Period 10/01/08 to 3/31/09” 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.
| 12 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/08 |
Ending Account Value 3/31/09 |
Annualized Expense Ratio Based on the Period 10/01/08 to 3/31/09 |
Expenses Paid During the Period† 10/01/08 to 3/31/09 | |||||||||
| WisdomTree Total Earnings Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 692.94 | 0.28 | % | $ | 1.18 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||
| WisdomTree Earnings 500 Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 698.58 | 0.28 | % | $ | 1.19 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||
| WisdomTree MidCap Earnings Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 674.76 | 0.38 | % | $ | 1.59 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||
| WisdomTree SmallCap Earnings Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 626.15 | 0.38 | % | $ | 1.54 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||
| WisdomTree Earnings Top 100 Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 668.97 | 0.38 | % | $ | 1.58 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||
| WisdomTree Low P/E Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 654.29 | 0.38 | % | $ | 1.57 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||
| WisdomTree LargeCap Growth Fund* |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,035.61 | 0.38 | % | $ | 1.25 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||
| WisdomTree India Earnings Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 702.40 | 0.88 | % | $ | 3.74 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,020.54 | 0.88 | % | $ | 4.43 | ||||
| * | Commencement of investment operations for WisdomTree LargeCap Growth is December 4, 2008. |
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period) except for the actual return information which reflects the 118 day period for WisdomTree LargeCap Growth Fund. |
| WisdomTree Domestic and International Earnings Funds | 13 |
Table of Contents
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.2% | |||||
| Advertising – 0.1% | |||||
| Omnicom Group, Inc. |
794 | $ | 18,580 | ||
| Aerospace & Defense – 2.8% | |||||
| AAR Corp.* |
138 | 1,730 | |||
| Alliant Techsystems, Inc.* |
51 | 3,416 | |||
| BE Aerospace, Inc.* |
574 | 4,977 | |||
| Boeing Co. |
2,035 | 72,405 | |||
| Ceradyne, Inc.* |
123 | 2,230 | |||
| Curtiss-Wright Corp. |
89 | 2,496 | |||
| DynCorp International, Inc. Class A* |
130 | 1,733 | |||
| Esterline Technologies Corp.* |
70 | 1,413 | |||
| General Dynamics Corp. |
914 | 38,013 | |||
| Goodrich Corp. |
390 | 14,777 | |||
| Hexcel Corp.* |
333 | 2,188 | |||
| Honeywell International, Inc. |
1,566 | 43,629 | |||
| L-3 Communications Holdings, Inc. |
242 | 16,408 | |||
| Lockheed Martin Corp. |
828 | 57,157 | |||
| Moog, Inc. Class A* |
95 | 2,173 | |||
| Northrop Grumman Corp. |
717 | 31,290 | |||
| Orbital Sciences Corp.* |
117 | 1,391 | |||
| Precision Castparts Corp. |
393 | 23,541 | |||
| Raytheon Co. |
877 | 34,150 | |||
| Rockwell Collins, Inc. |
392 | 12,795 | |||
| Spirit Aerosystems Holdings, Inc. Class A* |
830 | 8,275 | |||
| Teledyne Technologies, Inc.* |
70 | 1,868 | |||
| TransDigm Group, Inc.* |
105 | 3,448 | |||
| Triumph Group, Inc. |
61 | 2,330 | |||
| United Technologies Corp. |
1,913 | 82,221 | |||
| Total Aerospace & Defense | 466,054 | ||||
| Air Freight & Logistics – 0.2% | |||||
| Atlas Air Worldwide Holdings, Inc.* |
88 | 1,527 | |||
| C.H. Robinson Worldwide, Inc. |
153 | 6,978 | |||
| Expeditors International Washington, Inc. |
188 | 5,319 | |||
| FedEx Corp. |
370 | 16,461 | |||
| Forward Air Corp. |
56 | 909 | |||
| HUB Group, Inc. Class A* |
73 | 1,241 | |||
| Pacer International, Inc. |
195 | 682 | |||
| Total Air Freight & Logistics | 33,117 | ||||
| Airlines – 0.1% | |||||
| Republic Airways Holdings, Inc.* |
234 | 1,516 | |||
| Skywest, Inc. |
177 | 2,202 | |||
| Southwest Airlines Co. |
904 | 5,723 | |||
| Total Airlines | 9,441 | ||||
| Auto Components – 0.3% | |||||
| Autoliv, Inc. |
311 | 5,775 | |||
| BorgWarner, Inc. |
273 | 5,542 | |||
| Exide Technologies* |
339 | 1,017 | |||
| Gentex Corp. |
304 | 3,028 | |||
| Goodyear Tire & Rubber Co. (The)* |
1,187 | 7,431 | |||
| Johnson Controls, Inc. |
1,205 | 14,460 | |||
| WABCO Holdings, Inc. |
348 | 4,284 | |||
| Total Auto Components | 41,537 | ||||
| Investments | Shares | Value | |||
| Automobiles – 0.1% | |||||
| Harley-Davidson, Inc.(a) |
987 | $ | 13,216 | ||
| Thor Industries, Inc. |
184 | 2,874 | |||
| Total Automobiles | 16,090 | ||||
| Beverages – 1.9% | |||||
| Brown-Forman Corp. Class B |
192 | 7,455 | |||
| Central European Distribution Corp.* |
119 | 1,280 | |||
| Coca-Cola Co. (The) |
2,771 | 121,786 | |||
| Coca-Cola Enterprises, Inc. |
1,275 | 16,817 | |||
| Constellation Brands, Inc. Class A* |
286 | 3,403 | |||
| Dr. Pepper Snapple Group, Inc.* |
641 | 10,839 | |||
| Hansen Natural Corp.* |
139 | 5,004 | |||
| Molson Coors Brewing Co. Class B |
210 | 7,199 | |||
| Pepsi Bottling Group, Inc. |
572 | 12,664 | |||
| PepsiAmericas, Inc. |
291 | 5,020 | |||
| PepsiCo, Inc. |
2,222 | 114,389 | |||
| Total Beverages | 305,856 | ||||
| Biotechnology – 1.0% | |||||
| Amgen, Inc.* |
1,574 | 77,944 | |||
| Biogen Idec, Inc.* |
381 | 19,972 | |||
| Cephalon, Inc.*(a) |
77 | 5,244 | |||
| Cubist Pharmaceuticals, Inc.* |
82 | 1,341 | |||
| Emergent Biosolutions, Inc.* |
76 | 1,027 | |||
| Genzyme Corp.* |
138 | 8,196 | |||
| Gilead Sciences, Inc.* |
813 | 37,658 | |||
| Myriad Genetics, Inc.* |
76 | 3,456 | |||
| OSI Pharmaceuticals, Inc.* |
80 | 3,061 | |||
| Total Biotechnology | 157,899 | ||||
| Building Products – 0.1% | |||||
| Ameron International Corp. |
30 | 1,580 | |||
| Apogee Enterprises, Inc. |
175 | 1,921 | |||
| Armstrong World Industries, Inc. |
154 | 1,696 | |||
| Lennox International, Inc. |
133 | 3,519 | |||
| Masco Corp. |
484 | 3,378 | |||
| NCI Building Systems, Inc.* |
139 | 309 | |||
| Simpson Manufacturing Co., Inc. |
72 | 1,297 | |||
| Total Building Products | 13,700 | ||||
| Capital Markets – 2.9% | |||||
| Affiliated Managers Group, Inc.* |
96 | 4,004 | |||
| Ameriprise Financial, Inc. |
588 | 12,048 | |||
| Apollo Investment Corp. |
556 | 1,935 | |||
| Bank of New York Mellon Corp. (The) |
1,548 | 43,731 | |||
| BlackRock Kelso Capital Corp. |
176 | 737 | |||
| BlackRock, Inc. |
177 | 23,017 | |||
| Charles Schwab Corp. (The) |
1,623 | 25,157 | |||
| Eaton Vance Corp. |
226 | 5,164 | |||
| Federated Investors, Inc. Class B |
250 | 5,565 | |||
| Franklin Resources, Inc. |
537 | 28,928 | |||
| GAMCO Investors, Inc. Class A |
67 | 2,188 | |||
| GFI Group, Inc. |
656 | 2,106 | |||
| Goldman Sachs Group, Inc. (The) |
2,053 | 217,659 | |||
| Greenhill & Co., Inc. |
29 | 2,142 | |||
See Notes to Financial Statements.
| 14 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Hercules Technology Growth Capital, Inc. |
204 | $ | 1,020 | ||
| Investment Technology Group, Inc.* |
129 | 3,292 | |||
| Janus Capital Group, Inc. |
599 | 3,983 | |||
| Knight Capital Group, Inc. Class A* |
238 | 3,508 | |||
| Northern Trust Corp. |
293 | 17,527 | |||
| optionsXpress Holdings, Inc. |
195 | 2,217 | |||
| Prospect Capital Corp. |
160 | 1,363 | |||
| Raymond James Financial, Inc.(a) |
284 | 5,595 | |||
| SEI Investments Co. |
269 | 3,285 | |||
| State Street Corp. |
845 | 26,009 | |||
| Stifel Financial Corp.* |
40 | 1,732 | |||
| T. Rowe Price Group, Inc. |
424 | 12,237 | |||
| TD Ameritrade Holding Corp.* |
1,346 | 18,588 | |||
| thinkorswim Group, Inc.* |
346 | 2,989 | |||
| Waddell & Reed Financial, Inc. Class A |
238 | 4,301 | |||
| Total Capital Markets | 482,027 | ||||
| Chemicals – 2.7% | |||||
| Air Products & Chemicals, Inc. |
469 | 26,381 | |||
| Airgas, Inc. |
156 | 5,274 | |||
| Albemarle Corp. |
274 | 5,965 | |||
| Arch Chemicals, Inc. |
74 | 1,403 | |||
| Ashland, Inc. |
344 | 3,553 | |||
| Cabot Corp. |
135 | 1,419 | |||
| Celanese Corp. Series A |
1,225 | 16,378 | |||
| CF Industries Holdings, Inc. |
283 | 20,130 | |||
| Cytec Industries, Inc. |
210 | 3,154 | |||
| Dow Chemical Co. (The) |
2,581 | 21,758 | |||
| E.I. Du Pont de Nemours & Co. |
2,272 | 50,734 | |||
| Eastman Chemical Co. |
300 | 8,040 | |||
| Ecolab, Inc. |
269 | 9,342 | |||
| FMC Corp. |
140 | 6,040 | |||
| H.B. Fuller Co. |
163 | 2,119 | |||
| Huntsman Corp. |
604 | 1,890 | |||
| Innophos Holdings, Inc. |
248 | 2,797 | |||
| International Flavors & Fragrances, Inc. |
162 | 4,935 | |||
| Koppers Holdings, Inc. |
80 | 1,162 | |||
| Lubrizol Corp. |
168 | 5,714 | |||
| Minerals Technologies, Inc. |
36 | 1,154 | |||
| Monsanto Co.* |
550 | 45,705 | |||
| Mosaic Co. (The) |
1,881 | 78,964 | |||
| Nalco Holding Co. |
311 | 4,065 | |||
| NewMarket Corp. |
56 | 2,481 | |||
| Olin Corp. |
221 | 3,154 | |||
| OM Group, Inc.* |
228 | 4,405 | |||
| PPG Industries, Inc. |
344 | 12,694 | |||
| Praxair, Inc. |
480 | 32,299 | |||
| Rockwood Holdings, Inc.* |
321 | 2,549 | |||
| Rohm & Haas Co. |
213 | 16,793 | |||
| RPM International, Inc. |
402 | 5,117 | |||
| Sensient Technologies Corp. |
99 | 2,326 | |||
| Sigma-Aldrich Corp. |
175 | 6,613 | |||
| Terra Industries, Inc. |
721 | 20,253 | |||
| Valspar Corp. (The) |
186 | 3,714 | |||
| Investments | Shares | Value | |||
| W.R. Grace & Co.* |
468 | $ | 2,958 | ||
| Westlake Chemical Corp. |
156 | 2,282 | |||
| Total Chemicals | 445,714 | ||||
| Commercial Banks – 1.7% | |||||
| Associated Banc-Corp |
265 | 4,092 | |||
| Bancfirst Corp. |
38 | 1,383 | |||
| BancorpSouth, Inc. |
167 | 3,480 | |||
| Bank of Hawaii Corp. |
111 | 3,661 | |||
| BB&T Corp.(a) |
1,190 | 20,135 | |||
| BOK Financial Corp. |
100 | 3,455 | |||
| CapitalSource, Inc. |
353 | 431 | |||
| Cathay General Bancorp(a) |
119 | 1,241 | |||
| City National Corp. |
81 | 2,735 | |||
| Comerica, Inc. |
380 | 6,958 | |||
| Commerce Bancshares, Inc. |
105 | 3,812 | |||
| Community Bank System, Inc. |
82 | 1,374 | |||
| Cullen/Frost Bankers, Inc. |
105 | 4,929 | |||
| CVB Financial Corp.(a) |
215 | 1,425 | |||
| Fifth Third Bancorp(a) |
208 | 607 | |||
| First Bancorp |
188 | 801 | |||
| First Citizens BancShares, Inc. Class A |
20 | 2,636 | |||
| First Financial Bankshares, Inc. |
42 | 2,023 | |||
| First Midwest Bancorp, Inc. |
112 | 962 | |||
| FirstMerit Corp. |
166 | 3,021 | |||
| FNB Corp. |
185 | 1,419 | |||
| Fulton Financial Corp. |
368 | 2,440 | |||
| Glacier Bancorp, Inc. |
126 | 1,980 | |||
| Hancock Holding Co. |
59 | 1,846 | |||
| Huntington Bancshares, Inc.(a) |
243 | 403 | |||
| International Bancshares Corp. |
175 | 1,365 | |||
| M&T Bank Corp.(a) |
186 | 8,415 | |||
| MB Financial, Inc. |
67 | 911 | |||
| National Penn Bancshares, Inc. |
189 | 1,569 | |||
| NBT Bancorp, Inc. |
77 | 1,666 | |||
| Old National Bancorp |
155 | 1,731 | |||
| Pacific Capital Bancorp NA |
122 | 826 | |||
| Park National Corp. |
36 | 2,007 | |||
| PNC Financial Services Group, Inc. |
645 | 18,892 | |||
| Prosperity Bancshares, Inc. |
88 | 2,407 | |||
| Regions Financial Corp. |
1,782 | 7,591 | |||
| S&T Bancorp, Inc. |
62 | 1,315 | |||
| SunTrust Banks, Inc. |
696 | 8,171 | |||
| Susquehanna Bancshares, Inc. |
164 | 1,530 | |||
| SVB Financial Group* |
107 | 2,141 | |||
| Synovus Financial Corp. |
495 | 1,609 | |||
| TCF Financial Corp. |
325 | 3,822 | |||
| Trustmark Corp.(a) |
127 | 2,334 | |||
| U.S. Bancorp |
3,035 | 44,341 | |||
| UMB Financial Corp. |
61 | 2,592 | |||
| Umpqua Holdings Corp. |
138 | 1,250 | |||
| United Bankshares, Inc.(a) |
83 | 1,431 | |||
| Valley National Bancorp(a) |
173 | 2,140 | |||
| Wells Fargo & Co. |
4,764 | 67,839 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 15 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Westamerica Bancorp. |
47 | $ | 2,141 | ||
| Whitney Holding Corp. |
144 | 1,649 | |||
| Wilmington Trust Corp. |
111 | 1,076 | |||
| Zions Bancorp. |
228 | 2,241 | |||
| Total Commercial Banks | 272,251 | ||||
| Commercial Services & Supplies – 0.6% | |||||
| ABM Industries, Inc. |
109 | 1,788 | |||
| American Reprographics Co.* |
277 | 981 | |||
| Avery Dennison Corp. |
194 | 4,334 | |||
| Brink’s Co. (The) |
202 | 5,345 | |||
| Cintas Corp.* |
286 | 7,070 | |||
| Clean Harbors, Inc.* |
39 | 1,872 | |||
| Consolidated Graphics, Inc.* |
88 | 1,119 | |||
| Copart, Inc.* |
141 | 4,182 | |||
| Corrections Corp. of America* |
220 | 2,818 | |||
| Covanta Holding Corp.* |
184 | 2,409 | |||
| Deluxe Corp. |
227 | 2,186 | |||
| Geo Group, Inc. (The)* |
95 | 1,259 | |||
| Herman Miller, Inc. |
251 | 2,676 | |||
| HNI Corp. |
145 | 1,508 | |||
| Interface, Inc. Class A |
322 | 963 | |||
| Iron Mountain, Inc.* |
138 | 3,059 | |||
| Knoll, Inc. |
263 | 1,612 | |||
| M&F Worldwide Corp.* |
122 | 1,429 | |||
| Mine Safety Appliances Co. |
77 | 1,541 | |||
| Pitney Bowes, Inc. |
249 | 5,814 | |||
| R.R. Donnelley & Sons Co. |
991 | 7,264 | |||
| Republic Services, Inc. |
263 | 4,510 | |||
| Rollins, Inc. |
139 | 2,384 | |||
| Steelcase, Inc. Class A |
482 | 2,415 | |||
| Stericycle, Inc.* |
70 | 3,341 | |||
| SYKES Enterprises, Inc.* |
125 | 2,079 | |||
| Tetra Tech, Inc.* |
96 | 1,956 | |||
| United Stationers, Inc.* |
86 | 2,415 | |||
| Viad Corp. |
70 | 988 | |||
| Waste Connections, Inc.* |
102 | 2,621 | |||
| Waste Management, Inc. |
773 | 19,789 | |||
| Total Commercial Services & Supplies | 103,727 | ||||
| Communications Equipment – 2.9% | |||||
| ADC Telecommunications, Inc.* |
382 | 1,677 | |||
| Adtran, Inc. |
172 | 2,788 | |||
| Airvana, Inc.* |
528 | 3,089 | |||
| Arris Group, Inc.* |
261 | 1,924 | |||
| Black Box Corp. |
58 | 1,369 | |||
| Brocade Communications Systems, Inc.* |
1,302 | 4,492 | |||
| Ciena Corp.*(a) |
425 | 3,307 | |||
| Cisco Systems, Inc.* |
10,303 | 172,781 | |||
| CommScope, Inc.* |
257 | 2,920 | |||
| Comtech Telecommunications Corp.* |
54 | 1,338 | |||
| Corning, Inc. |
12,904 | 171,236 | |||
| F5 Networks, Inc.* |
111 | 2,325 | |||
| Harmonic, Inc.* |
351 | 2,282 | |||
| Harris Corp. |
283 | 8,190 | |||
| Investments | Shares | Value | |||
| Infinera Corp.* |
283 | $ | 2,094 | ||
| Juniper Networks, Inc.* |
674 | 10,150 | |||
| Plantronics, Inc. |
171 | 2,064 | |||
| Polycom, Inc.* |
182 | 2,801 | |||
| QUALCOMM, Inc. |
2,107 | 81,983 | |||
| Starent Networks Corp.* |
155 | 2,451 | |||
| Tekelec* |
149 | 1,971 | |||
| Total Communications Equipment | 483,232 | ||||
| Computers & Peripherals – 4.3% | |||||
| Apple, Inc.* |
1,182 | 124,252 | |||
| Dell, Inc.* |
5,061 | 47,978 | |||
| Diebold, Inc. |
114 | 2,434 | |||
| EMC Corp.* |
3,115 | 35,511 | |||
| Hewlett-Packard Co. |
4,766 | 152,798 | |||
| International Business Machines Corp. |
2,882 | 279,237 | |||
| Lexmark International, Inc. Class A* |
271 | 4,572 | |||
| NCR Corp.* |
462 | 3,673 | |||
| NetApp, Inc.* |
512 | 7,598 | |||
| QLogic Corp.* |
271 | 3,013 | |||
| Teradata Corp.* |
403 | 6,537 | |||
| Western Digital Corp.* |
1,768 | 34,193 | |||
| Total Computers & Peripherals | 701,796 | ||||
| Construction & Engineering – 0.3% | |||||
| Aecom Technology Corp.* |
131 | 3,417 | |||
| EMCOR Group, Inc.* |
202 | 3,468 | |||
| Fluor Corp. |
324 | 11,194 | |||
| Granite Construction, Inc. |
71 | 2,661 | |||
| Jacobs Engineering Group, Inc.* |
191 | 7,384 | |||
| KBR, Inc. |
406 | 5,607 | |||
| MasTec, Inc.* |
206 | 2,491 | |||
| Perini Corp.* |
127 | 1,562 | |||
| Quanta Services, Inc.* |
205 | 4,397 | |||
| Shaw Group, Inc. (The)* |
170 | 4,660 | |||
| URS Corp.* |
117 | 4,728 | |||
| Total Construction & Engineering | 51,569 | ||||
| Construction Materials – 0.1% | |||||
| Martin Marietta Materials, Inc. |
47 | 3,727 | |||
| Texas Industries, Inc. |
48 | 1,200 | |||
| Vulcan Materials Co.(a) |
80 | 3,543 | |||
| Total Construction Materials | 8,470 | ||||
| Consumer Finance – 0.4% | |||||
| American Express Co. |
2,692 | 36,692 | |||
| Capital One Financial Corp. |
1,298 | 15,887 | |||
| Cash America International, Inc. |
89 | 1,394 | |||
| Credit Acceptance Corp.*(a) |
130 | 2,794 | |||
| Discover Financial Services |
1,460 | 9,213 | |||
| Dollar Financial Corp.* |
163 | 1,552 | |||
| Ezcorp, Inc. Class A* |
106 | 1,226 | |||
| Student Loan Corp. (The) |
74 | 3,214 | |||
| World Acceptance Corp.* |
82 | 1,402 | |||
| Total Consumer Finance | 73,374 | ||||
See Notes to Financial Statements.
| 16 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Containers & Packaging – 0.4% | |||||
| Aptargroup, Inc. |
106 | $ | 3,301 | ||
| Ball Corp. |
172 | 7,465 | |||
| Bemis Co. |
154 | 3,229 | |||
| Crown Holdings, Inc.* |
727 | 16,525 | |||
| Greif, Inc. Class A |
127 | 4,228 | |||
| Owens-Illinois, Inc.* |
412 | 5,949 | |||
| Packaging Corp. of America |
262 | 3,411 | |||
| Pactiv Corp.* |
162 | 2,364 | |||
| Rock-Tenn Co. Class A |
71 | 1,921 | |||
| Sealed Air Corp. |
345 | 4,761 | |||
| Silgan Holdings, Inc. |
58 | 3,047 | |||
| Sonoco Products Co. |
131 | 2,748 | |||
| Total Containers & Packaging | 58,949 | ||||
| Distributors – 0.1% | |||||
| Genuine Parts Co. |
278 | 8,301 | |||
| LKQ Corp.* |
273 | 3,896 | |||
| Total Distributors | 12,197 | ||||
| Diversified Consumer Services – 0.3% | |||||
| Apollo Group, Inc. Class A* |
148 | 11,593 | |||
| Career Education Corp.* |
122 | 2,923 | |||
| DeVry, Inc. |
66 | 3,180 | |||
| H&R Block, Inc. |
443 | 8,058 | |||
| ITT Educational Services, Inc.* |
56 | 6,800 | |||
| Matthews International Corp. Class A |
57 | 1,642 | |||
| Pre-Paid Legal Services, Inc.* |
44 | 1,277 | |||
| Regis Corp. |
168 | 2,428 | |||
| Service Corp. International |
1,093 | 3,815 | |||
| Sotheby’s(a) |
378 | 3,402 | |||
| Strayer Education, Inc. |
12 | 2,158 | |||
| Weight Watchers International, Inc. |
155 | 2,875 | |||
| Total Diversified Consumer Services | 50,151 | ||||
| Diversified Financial Services – 1.5% | |||||
| Bank of America Corp. |
7,463 | 50,898 | |||
| CME Group, Inc. |
84 | 20,697 | |||
| Financial Federal Corp. |
65 | 1,377 | |||
| IntercontinentalExchange, Inc.* |
88 | 6,553 | |||
| JPMorgan Chase & Co. |
4,929 | 131,013 | |||
| Leucadia National Corp.* |
650 | 9,678 | |||
| Moody’s Corp. |
503 | 11,529 | |||
| NASDAQ OMX Group (The)* |
326 | 6,383 | |||
| NYSE Euronext |
564 | 10,095 | |||
| Total Diversified Financial Services | 248,223 | ||||
| Diversified Telecommunication Services – 2.5% | |||||
| Alaska Communications Systems Group, Inc. |
313 | 2,097 | |||
| AT&T, Inc. |
9,515 | 239,778 | |||
| CenturyTel, Inc. |
332 | 9,336 | |||
| Cincinnati Bell, Inc.* |
1,185 | 2,726 | |||
| Embarq Corp. |
504 | 19,076 | |||
| Frontier Communications Corp. |
546 | 3,920 | |||
| Qwest Communications International, Inc. |
4,911 | 16,796 | |||
| Investments | Shares | Value | |||
| Verizon Communications, Inc. |
3,857 | $ | 116,481 | ||
| Windstream Corp. |
1,178 | 9,495 | |||
| Total Diversified Telecommunication Services | 419,705 | ||||
| Electric Utilities – 1.8% | |||||
| Allegheny Energy, Inc. |
315 | 7,298 | |||
| ALLETE, Inc. |
81 | 2,162 | |||
| American Electric Power Co., Inc. |
807 | 20,385 | |||
| Cleco Corp. |
123 | 2,668 | |||
| DPL, Inc. |
192 | 4,328 | |||
| Duke Energy Corp. |
1,980 | 28,354 | |||
| Edison International |
795 | 22,904 | |||
| El Paso Electric Co.* |
97 | 1,367 | |||
| Entergy Corp. |
337 | 22,946 | |||
| Exelon Corp. |
988 | 44,845 | |||
| FirstEnergy Corp. |
470 | 18,142 | |||
| FPL Group, Inc. |
593 | 30,083 | |||
| Great Plains Energy, Inc. |
194 | 2,613 | |||
| Hawaiian Electric Industries, Inc. |
151 | 2,075 | |||
| IDACORP, Inc. |
95 | 2,219 | |||
| ITC Holdings Corp. |
71 | 3,097 | |||
| MGE Energy, Inc. |
60 | 1,882 | |||
| Northeast Utilities |
289 | 6,239 | |||
| Pepco Holdings, Inc. |
381 | 4,755 | |||
| Pinnacle West Capital Corp. |
184 | 4,887 | |||
| Portland General Electric Co. |
131 | 2,304 | |||
| PPL Corp. |
621 | 17,829 | |||
| Progress Energy, Inc. |
408 | 14,794 | |||
| Southern Co. (The) |
985 | 30,161 | |||
| UIL Holdings Corp. |
62 | 1,384 | |||
| Westar Energy, Inc. |
220 | 3,857 | |||
| Total Electric Utilities | 303,578 | ||||
| Electrical Equipment – 0.7% | |||||
| A.O. Smith Corp. |
84 | 2,115 | |||
| Acuity Brands, Inc. |
109 | 2,457 | |||
| Ametek, Inc. |
195 | 6,098 | |||
| Baldor Electric Co. |
154 | 2,231 | |||
| Belden, Inc. |
156 | 1,952 | |||
| Brady Corp. Class A |
148 | 2,609 | |||
| Emerson Electric Co. |
1,461 | 41,755 | |||
| EnerSys* |
228 | 2,763 | |||
| First Solar, Inc.* |
48 | 6,370 | |||
| General Cable Corp.* |
298 | 5,906 | |||
| GrafTech International Ltd.* |
605 | 3,727 | |||
| Hubbell, Inc. Class B |
156 | 4,206 | |||
| II-VI, Inc.* |
103 | 1,770 | |||
| Regal-Beloit Corp. |
99 | 3,033 | |||
| Rockwell Automation, Inc. |
401 | 8,758 | |||
| Roper Industries, Inc. |
154 | 6,537 | |||
| Sunpower Corp. Class A*(a) |
57 | 1,355 | |||
| Thomas & Betts Corp.* |
183 | 4,579 | |||
| Woodward Governor Co. |
150 | 1,677 | |||
| Total Electrical Equipment | 109,898 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Electronic Equipment, Instruments & Components – 0.7% | |||||
| Agilent Technologies, Inc.* |
931 | $ | 14,309 | ||
| Amphenol Corp. Class A |
420 | 11,966 | |||
| Anixter International, Inc.* |
213 | 6,748 | |||
| Arrow Electronics, Inc.* |
481 | 9,168 | |||
| Avnet, Inc.* |
589 | 10,313 | |||
| AVX Corp. |
441 | 4,004 | |||
| Benchmark Electronics, Inc.* |
193 | 2,162 | |||
| Checkpoint Systems, Inc.* |
172 | 1,543 | |||
| Dolby Laboratories, Inc. Class A* |
155 | 5,287 | |||
| Flir Systems, Inc.* |
192 | 3,932 | |||
| Ingram Micro, Inc. Class A* |
506 | 6,396 | |||
| Insight Enterprises, Inc.* |
412 | 1,261 | |||
| Jabil Circuit, Inc. |
511 | 2,841 | |||
| Mettler-Toledo International, Inc.* |
70 | 3,593 | |||
| Molex, Inc. |
352 | 4,836 | |||
| MTS Systems Corp. |
69 | 1,570 | |||
| National Instruments Corp. |
130 | 2,424 | |||
| Plexus Corp.* |
147 | 2,032 | |||
| Rofin-Sinar Technologies, Inc.* |
96 | 1,547 | |||
| Scansource, Inc.* |
105 | 1,951 | |||
| SYNNEX Corp.* |
220 | 4,327 | |||
| Tech Data Corp.* |
168 | 3,659 | |||
| Trimble Navigation Ltd.* |
188 | 2,873 | |||
| Vishay Intertechnology, Inc.* |
495 | 1,723 | |||
| Total Electronic Equipment, Instruments & Components | 110,465 | ||||
| Energy Equipment & Services – 2.0% | |||||
| Atwood Oceanics, Inc.* |
297 | 4,927 | |||
| Baker Hughes, Inc. |
1,132 | 32,319 | |||
| Basic Energy Services, Inc.* |
175 | 1,132 | |||
| BJ Services Co. |
1,138 | 11,323 | |||
| Bristow Group, Inc.* |
88 | 1,886 | |||
| Cal Dive International, Inc.* |
366 | 2,478 | |||
| Cameron International Corp.* |
600 | 13,158 | |||
| CARBO Ceramics, Inc. |
56 | 1,593 | |||
| Complete Production Services, Inc.* |
499 | 1,537 | |||
| Diamond Offshore Drilling, Inc. |
395 | 24,830 | |||
| Dresser-Rand Group, Inc.* |
231 | 5,105 | |||
| Dril-Quip, Inc.* |
138 | 4,237 | |||
| ENSCO International, Inc. |
808 | 21,331 | |||
| Exterran Holdings, Inc.* |
171 | 2,739 | |||
| FMC Technologies, Inc.* |
333 | 10,446 | |||
| Gulfmark Offshore, Inc.* |
116 | 2,768 | |||
| Halliburton Co. |
2,254 | 34,869 | |||
| Helix Energy Solutions Group, Inc.* |
1,014 | 5,212 | |||
| Helmerich & Payne, Inc. |
435 | 9,905 | |||
| Hercules Offshore, Inc.* |
569 | 899 | |||
| Hornbeck Offshore Services, Inc.* |
158 | 2,408 | |||
| ION Geophysical Corp.* |
606 | 945 | |||
| Key Energy Services, Inc.* |
790 | 2,275 | |||
| Lufkin Industries, Inc. |
60 | 2,273 | |||
| National Oilwell Varco, Inc.* |
1,589 | 45,620 | |||
| Investments | Shares | Value | |||
| Oceaneering International, Inc.* |
163 | $ | 6,010 | ||
| Oil States International, Inc.* |
299 | 4,013 | |||
| Parker Drilling Co.* |
780 | 1,435 | |||
| Patterson-UTI Energy, Inc. |
750 | 6,720 | |||
| Pioneer Drilling Co.* |
340 | 1,115 | |||
| Pride International, Inc.* |
783 | 14,078 | |||
| Rowan Cos., Inc. |
598 | 7,158 | |||
| RPC, Inc. |
232 | 1,538 | |||
| SEACOR Holdings, Inc.* |
47 | 2,741 | |||
| Smith International, Inc. |
689 | 14,800 | |||
| Superior Energy Services, Inc.* |
439 | 5,659 | |||
| Tidewater, Inc. |
186 | 6,906 | |||
| Unit Corp.* |
285 | 5,962 | |||
| Total Energy Equipment & Services | 324,350 | ||||
| Food & Staples Retailing – 3.1% | |||||
| Andersons, Inc. (The) |
106 | 1,499 | |||
| BJ’s Wholesale Club, Inc.* |
101 | 3,231 | |||
| Casey’s General Stores, Inc. |
112 | 2,986 | |||
| Costco Wholesale Corp. |
514 | 23,808 | |||
| CVS/Caremark Corp. |
2,572 | 70,704 | |||
| Ingles Markets, Inc. Class A |
103 | 1,538 | |||
| Kroger Co. (The) |
1,044 | 22,154 | |||
| Ruddick Corp. |
90 | 2,020 | |||
| Safeway, Inc. |
837 | 16,899 | |||
| SUPERVALU, Inc. |
953 | 13,609 | |||
| Sysco Corp. |
990 | 22,572 | |||
| United Natural Foods, Inc.* |
82 | 1,556 | |||
| Walgreen Co. |
1,819 | 47,221 | |||
| Wal-Mart Stores, Inc. |
5,251 | 273,577 | |||
| Whole Foods Market, Inc.(a) |
274 | 4,603 | |||
| Total Food & Staples Retailing | 507,977 | ||||
| Food Products – 1.4% | |||||
| Archer-Daniels-Midland Co. |
1,821 | 50,587 | |||
| Cal-Maine Foods, Inc. |
140 | 3,135 | |||
| Campbell Soup Co. |
497 | 13,598 | |||
| Chiquita Brands International, Inc.* |
124 | 822 | |||
| ConAgra Foods, Inc. |
668 | 11,269 | |||
| Corn Products International, Inc. |
202 | 4,282 | |||
| Darling International, Inc.* |
403 | 1,495 | |||
| Dean Foods Co.* |
230 | 4,158 | |||
| Del Monte Foods Co. |
355 | 2,588 | |||
| Flowers Foods, Inc. |
128 | 3,006 | |||
| General Mills, Inc. |
401 | 20,002 | |||
| H.J. Heinz Co. |
485 | 16,034 | |||
| Hershey Co. (The) |
202 | 7,020 | |||
| Hormel Foods Corp. |
210 | 6,659 | |||
| J.M. Smucker Co. (The) |
97 | 3,615 | |||
| Kellogg Co. |
573 | 20,989 | |||
| Kraft Foods, Inc. Class A |
1,981 | 44,157 | |||
| Lancaster Colony Corp. |
52 | 2,157 | |||
| McCormick & Co., Inc. |
195 | 5,766 | |||
| Ralcorp Holdings, Inc.* |
73 | 3,933 | |||
| Sara Lee Corp. |
1,401 | 11,320 | |||
See Notes to Financial Statements.
| 18 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Tyson Foods, Inc. Class A |
261 | $ | 2,451 | ||
| Total Food Products | 239,043 | ||||
| Gas Utilities – 0.4% | |||||
| AGL Resources, Inc. |
157 | 4,165 | |||
| Atmos Energy Corp. |
198 | 4,578 | |||
| Energen Corp. |
238 | 6,933 | |||
| EQT Corp. |
203 | 6,360 | |||
| Laclede Group, Inc. (The) |
46 | 1,793 | |||
| National Fuel Gas Co. |
200 | 6,134 | |||
| New Jersey Resources Corp. |
93 | 3,160 | |||
| Nicor, Inc. |
94 | 3,124 | |||
| Northwest Natural Gas Co. |
53 | 2,301 | |||
| Oneok, Inc. |
273 | 6,178 | |||
| Piedmont Natural Gas Co., Inc. |
115 | 2,978 | |||
| Questar Corp. |
426 | 12,537 | |||
| South Jersey Industries, Inc. |
68 | 2,380 | |||
| Southwest Gas Corp. |
89 | 1,875 | |||
| UGI Corp. |
207 | 4,887 | |||
| WGL Holdings, Inc. |
100 | 3,280 | |||
| Total Gas Utilities | 72,663 | ||||
| Health Care Equipment & Supplies – 1.6% | |||||
| Baxter International, Inc. |
795 | 40,720 | |||
| Beckman Coulter, Inc. |
91 | 4,642 | |||
| Becton Dickinson & Co. |
354 | 23,803 | |||
| Boston Scientific Corp.* |
1,727 | 13,730 | |||
| C.R. Bard, Inc. |
100 | 7,972 | |||
| Conmed Corp.* |
72 | 1,038 | |||
| DENTSPLY International, Inc. |
226 | 6,068 | |||
| Edwards Lifesciences Corp.* |
66 | 4,002 | |||
| Gen-Probe, Inc.* |
64 | 2,917 | |||
| Haemonetics Corp.* |
34 | 1,873 | |||
| Hill-Rom Holdings, Inc. |
109 | 1,078 | |||
| Hospira, Inc.* |
234 | 7,221 | |||
| Idexx Laboratories, Inc.* |
92 | 3,181 | |||
| Immucor, Inc.* |
95 | 2,389 | |||
| Intuitive Surgical, Inc.*(a) |
39 | 3,719 | |||
| Kinetic Concepts, Inc.* |
211 | 4,456 | |||
| Medtronic, Inc. |
1,786 | 52,633 | |||
| Resmed, Inc.* |
83 | 2,933 | |||
| Sirona Dental Systems, Inc.* |
223 | 3,193 | |||
| St. Jude Medical, Inc.* |
472 | 17,148 | |||
| STERIS Corp. |
119 | 2,770 | |||
| Stryker Corp. |
621 | 21,139 | |||
| Teleflex, Inc. |
41 | 1,603 | |||
| Varian Medical Systems, Inc.* |
187 | 5,692 | |||
| West Pharmaceutical Services, Inc. |
57 | 1,870 | |||
| Zimmer Holdings, Inc.* |
501 | 18,287 | |||
| Total Health Care Equipment & Supplies | 256,077 | ||||
| Health Care Providers & Services – 2.5% | |||||
| Aetna, Inc. |
1,506 | 36,641 | |||
| Amedisys, Inc.*(a) |
65 | 1,787 | |||
| AMERIGROUP Corp.* |
149 | 4,103 | |||
| AmerisourceBergen Corp. |
291 | 9,504 | |||
| Investments | Shares | Value | |||
| Amsurg Corp.* |
78 | $ | 1,236 | ||
| Cardinal Health, Inc. |
833 | 26,223 | |||
| Catalyst Health Solutions, Inc.* |
87 | 1,724 | |||
| Centene Corp.* |
128 | 2,307 | |||
| Chemed Corp. |
58 | 2,256 | |||
| Cigna Corp. |
1,228 | 21,601 | |||
| Community Health Systems, Inc.* |
175 | 2,685 | |||
| Coventry Health Care, Inc.* |
736 | 9,524 | |||
| DaVita, Inc.* |
160 | 7,032 | |||
| Emergency Medical Services Corp. Class A* |
72 | 2,260 | |||
| Express Scripts, Inc.* |
272 | 12,558 | |||
| Gentiva Health Services, Inc.* |
90 | 1,368 | |||
| Health Management Associates, Inc. Class A* |
962 | 2,482 | |||
| Health Net, Inc.* |
488 | 7,066 | |||
| Healthspring, Inc.* |
183 | 1,532 | |||
| Healthways, Inc.* |
158 | 1,386 | |||
| Henry Schein, Inc.* |
161 | 6,442 | |||
| Humana, Inc.* |
458 | 11,945 | |||
| inVentiv Health, Inc.* |
140 | 1,142 | |||
| Kindred Healthcare, Inc.* |
137 | 2,048 | |||
| Laboratory Corp. of America Holdings* |
155 | 9,066 | |||
| LifePoint Hospitals, Inc.* |
161 | 3,358 | |||
| Lincare Holdings, Inc.* |
190 | 4,142 | |||
| Magellan Health Services, Inc.* |
76 | 2,769 | |||
| McKesson Corp. |
610 | 21,374 | |||
| Medco Health Solutions, Inc.* |
538 | 22,241 | |||
| Mednax, Inc.* |
105 | 3,094 | |||
| Molina Healthcare, Inc.* |
108 | 2,054 | |||
| Omnicare, Inc. |
160 | 3,918 | |||
| Owens & Minor, Inc. |
74 | 2,452 | |||
| Patterson Cos., Inc.* |
247 | 4,658 | |||
| PSS World Medical, Inc.* |
98 | 1,406 | |||
| Psychiatric Solutions, Inc.* |
107 | 1,683 | |||
| Quest Diagnostics, Inc. |
272 | 12,915 | |||
| Sun Healthcare Group, Inc.* |
154 | 1,300 | |||
| UnitedHealth Group, Inc. |
3,136 | 65,637 | |||
| Universal American Corp.* |
301 | 2,549 | |||
| Universal Health Services, Inc. Class B |
123 | 4,716 | |||
| VCA Antech, Inc.* |
163 | 3,676 | |||
| WellPoint, Inc.* |
1,750 | 66,448 | |||
| Total Health Care Providers & Services | 416,308 | ||||
| Health Care Technology – 0.1% | |||||
| Cerner Corp.*(a) |
103 | 4,529 | |||
| Eclipsys Corp.* |
133 | 1,349 | |||
| HLTH Corp.* |
405 | 4,192 | |||
| IMS Health, Inc. |
350 | 4,364 | |||
| Total Health Care Technology | 14,434 | ||||
| Hotels, Restaurants & Leisure – 1.2% | |||||
| Ameristar Casinos, Inc. |
206 | 2,591 | |||
| Bally Technologies, Inc.* |
133 | 2,450 | |||
| Bob Evans Farms, Inc. |
88 | 1,973 | |||
| Burger King Holdings, Inc. |
214 | 4,911 | |||
| CEC Entertainment, Inc.* |
75 | 1,941 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 19 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Cheesecake Factory (The)* |
203 | $ | 2,324 | ||
| Chipotle Mexican Grill, Inc. Class A* |
34 | 2,257 | |||
| Choice Hotels International, Inc. |
97 | 2,505 | |||
| Cracker Barrel Old Country Store, Inc. |
82 | 2,349 | |||
| Darden Restaurants, Inc. |
316 | 10,826 | |||
| Domino’s Pizza, Inc.* |
343 | 2,247 | |||
| International Game Technology |
628 | 5,790 | |||
| International Speedway Corp. Class A |
105 | 2,316 | |||
| Jack In The Box, Inc.* |
90 | 2,096 | |||
| Life Time Fitness, Inc.* |
174 | 2,185 | |||
| Marriott International, Inc. Class A |
686 | 11,223 | |||
| McDonald’s Corp. |
1,501 | 81,910 | |||
| MGM Mirage*(a) |
622 | 1,449 | |||
| Panera Bread Co. Class A* |
35 | 1,957 | |||
| Penn National Gaming, Inc.* |
141 | 3,405 | |||
| Scientific Games Corp. Class A* |
144 | 1,744 | |||
| Sonic Corp.* |
139 | 1,393 | |||
| Speedway Motorsports, Inc. |
114 | 1,347 | |||
| Starbucks Corp.* |
697 | 7,744 | |||
| Starwood Hotels & Resorts Worldwide, Inc. |
544 | 6,909 | |||
| Vail Resorts, Inc.* |
102 | 2,084 | |||
| WMS Industries, Inc.* |
76 | 1,589 | |||
| Wyndham Worldwide Corp. |
1,272 | 5,342 | |||
| Wynn Resorts Ltd.*(a) |
205 | 4,094 | |||
| Yum! Brands, Inc. |
652 | 17,917 | |||
| Total Hotels, Restaurants & Leisure | 198,868 | ||||
| Household Durables – 0.4% | |||||
| American Greetings Corp. Class A |
157 | 794 | |||
| Black & Decker Corp. |
212 | 6,691 | |||
| Blyth, Inc.* |
62 | 1,620 | |||
| Ethan Allen Interiors, Inc. |
99 | 1,115 | |||
| Fortune Brands, Inc. |
398 | 9,771 | |||
| Harman International Industries, Inc. |
153 | 2,070 | |||
| Jarden Corp.* |
230 | 2,914 | |||
| Leggett & Platt, Inc. |
220 | 2,858 | |||
| Newell Rubbermaid, Inc. |
684 | 4,364 | |||
| NVR, Inc.* |
10 | 4,278 | |||
| Sealy Corp.* |
569 | 848 | |||
| Snap-On, Inc. |
134 | 3,363 | |||
| Stanley Works (The) |
204 | 5,941 | |||
| Tempur-Pedic International, Inc.(a) |
384 | 2,803 | |||
| Tupperware Brands Corp. |
182 | 3,092 | |||
| Whirlpool Corp. |
272 | 8,048 | |||
| Total Household Durables | 60,570 | ||||
| Household Products – 1.7% | |||||
| Church & Dwight Co., Inc. |
95 | 4,962 | |||
| Clorox Co. |
209 | 10,760 | |||
| Colgate-Palmolive Co. |
642 | 37,865 | |||
| Energizer Holdings, Inc.* |
161 | 8,000 | |||
| Kimberly-Clark Corp. |
736 | 33,937 | |||
| Procter & Gamble Co. (The) |
3,836 | 180,637 | |||
| Total Household Products | 276,161 | ||||
| Investments | Shares | Value | |||
| Independent Power Producers & Energy Traders – 0.2% | |||||
| AES Corp. (The)* |
1,665 | $ | 9,674 | ||
| Constellation Energy Group, Inc. |
290 | 5,991 | |||
| Mirant Corp.* |
655 | 7,467 | |||
| NRG Energy, Inc.* |
855 | 15,048 | |||
| Ormat Technologies, Inc. |
59 | 1,620 | |||
| Total Independent Power Producers & Energy Traders | 39,800 | ||||
| Industrial Conglomerates – 2.1% | |||||
| 3M Co. |
1,349 | 67,072 | |||
| Carlisle Cos., Inc. |
203 | 3,985 | |||
| General Electric Co. |
25,267 | 255,450 | |||
| Seaboard Corp. |
4 | 4,040 | |||
| Textron, Inc. |
1,318 | 7,565 | |||
| Total Industrial Conglomerates | 338,112 | ||||
| Insurance – 3.5% | |||||
| Alleghany Corp.* |
10 | 2,762 | |||
| Allstate Corp. (The) |
1,681 | 32,191 | |||
| American Family Life Assurance Co., Inc. |
847 | 16,398 | |||
| American Financial Group, Inc. |
389 | 6,243 | |||
| American Physicians Capital, Inc. |
38 | 1,555 | |||
| Amerisafe, Inc.* |
85 | 1,302 | |||
| Amtrust Financial Services, Inc. |
337 | 3,218 | |||
| AON Corp. |
316 | 12,899 | |||
| Arthur J. Gallagher & Co. |
140 | 2,380 | |||
| Assurant, Inc. |
545 | 11,870 | |||
| Berkshire Hathaway, Inc. Class A* |
1 | 86,700 | |||
| Brown & Brown, Inc. |
195 | 3,687 | |||
| Chubb Corp. |
902 | 38,173 | |||
| Cincinnati Financial Corp. |
339 | 7,753 | |||
| CNA Financial Corp. |
1,131 | 10,360 | |||
| CNA Surety Corp.* |
199 | 3,670 | |||
| Delphi Financial Group, Inc. Class A |
182 | 2,450 | |||
| Employers Holdings, Inc. |
194 | 1,851 | |||
| Erie Indemnity Co. Class A |
103 | 3,521 | |||
| FBL Financial Group, Inc. Class A |
251 | 1,042 | |||
| Fpic Insurance Group, Inc.* |
36 | 1,333 | |||
| Hanover Insurance Group, Inc. (The) |
100 | 2,882 | |||
| Harleysville Group, Inc. |
103 | 3,276 | |||
| HCC Insurance Holdings, Inc. |
298 | 7,507 | |||
| Horace Mann Educators Corp. |
326 | 2,729 | |||
| Infinity Property & Casualty Corp. |
42 | 1,425 | |||
| Lincoln National Corp. |
1,492 | 9,981 | |||
| Loews Corp. |
1,334 | 29,481 | |||
| Markel Corp.* |
15 | 4,258 | |||
| Marsh & McLennan Cos., Inc. |
377 | 7,634 | |||
| Mercury General Corp. |
115 | 3,416 | |||
| Metlife, Inc. |
2,447 | 55,718 | |||
| National Western Life Insurance Co. Class A |
14 | 1,582 | |||
| Navigators Group, Inc.* |
40 | 1,887 | |||
| Odyssey Re Holdings Corp. |
74 | 2,807 | |||
| Principal Financial Group, Inc. |
1,061 | 8,679 | |||
See Notes to Financial Statements.
| 20 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| ProAssurance Corp.* |
86 | $ | 4,009 | ||
| Progressive Corp. (The)* |
1,388 | 18,655 | |||
| Prudential Financial, Inc. |
1,772 | 33,703 | |||
| Reinsurance Group of America, Inc.* |
303 | 9,814 | |||
| RLI Corp. |
46 | 2,309 | |||
| Safety Insurance Group, Inc. |
54 | 1,678 | |||
| Selective Insurance Group, Inc. |
121 | 1,471 | |||
| StanCorp Financial Group, Inc. |
143 | 3,258 | |||
| Torchmark Corp. |
264 | 6,925 | |||
| Tower Group, Inc. |
87 | 2,143 | |||
| Transatlantic Holdings, Inc. |
225 | 8,026 | |||
| Travelers Cos., Inc. (The) |
1,637 | 66,528 | |||
| Universal Insurance Holdings, Inc. |
651 | 2,448 | |||
| Unum Group |
1,078 | 13,475 | |||
| W.R. Berkley Corp. |
421 | 9,494 | |||
| Wesco Financial Corp. |
7 | 1,932 | |||
| Zenith National Insurance Corp. |
96 | 2,315 | |||
| Total Insurance | 582,803 | ||||
| Internet & Catalog Retail – 0.2% | |||||
| Amazon.com, Inc.* |
250 | 18,360 | |||
| Expedia, Inc.* |
818 | 7,427 | |||
| Liberty Media Corp. – Interactive A* |
873 | 2,532 | |||
| NetFlix, Inc.*(a) |
77 | 3,305 | |||
| NutriSystem, Inc. |
134 | 1,912 | |||
| priceline.com, Inc.*(a) |
68 | 5,357 | |||
| Total Internet & Catalog Retail | 38,893 | ||||
| Internet Software & Services – 1.1% | |||||
| Akamai Technologies, Inc.* |
232 | 4,501 | |||
| Digital River, Inc.* |
89 | 2,654 | |||
| Earthlink, Inc.* |
592 | 3,889 | |||
| eBay, Inc.* |
2,802 | 35,193 | |||
| Google, Inc. Class A* |
347 | 120,777 | |||
| j2 Global Communications, Inc.* |
113 | 2,474 | |||
| United Online, Inc. |
311 | 1,387 | |||
| Valueclick, Inc.* |
241 | 2,051 | |||
| WebMD Health Corp. Class A*(a) |
90 | 2,007 | |||
| Yahoo!, Inc.* |
958 | 12,272 | |||
| Total Internet Software & Services | 187,205 | ||||
| IT Services – 1.4% | |||||
| Affiliated Computer Services, Inc. Class A* |
192 | 9,195 | |||
| Alliance Data Systems Corp.*(a) |
125 | 4,619 | |||
| Automatic Data Processing, Inc. |
685 | 24,085 | |||
| Broadridge Financial Solutions, Inc. |
363 | 6,755 | |||
| CACI International, Inc. Class A* |
61 | 2,226 | |||
| Cognizant Technology Solutions Corp. Class A* |
537 | 11,164 | |||
| Computer Sciences Corp.* |
604 | 22,251 | |||
| CSG Systems International, Inc.* |
119 | 1,699 | |||
| DST Systems, Inc.* |
146 | 5,055 | |||
| Euronet Worldwide, Inc.* |
142 | 1,855 | |||
| Fidelity National Information Services, Inc. |
225 | 4,095 | |||
| Fiserv, Inc.* |
246 | 8,969 | |||
| Gartner, Inc.* |
175 | 1,927 | |||
| Global Payments, Inc. |
136 | 4,544 | |||
| Investments | Shares | Value | |||
| Hewitt Associates, Inc. Class A* |
150 | $ | 4,464 | ||
| ManTech International Corp. Class A* |
54 | 2,263 | |||
| Mastercard, Inc. Class A |
193 | 32,324 | |||
| MAXIMUS, Inc. |
54 | 2,152 | |||
| NeuStar, Inc. Class A* |
145 | 2,429 | |||
| Paychex, Inc. |
461 | 11,834 | |||
| Perot Systems Corp. Class A* |
272 | 3,503 | |||
| SAIC, Inc.* |
507 | 9,466 | |||
| SRA International, Inc. Class A* |
125 | 1,837 | |||
| Syntel, Inc. |
98 | 2,017 | |||
| TeleTech Holdings, Inc.* |
208 | 2,265 | |||
| Total System Services, Inc. |
399 | 5,510 | |||
| Visa, Inc. Class A |
457 | 25,409 | |||
| Western Union Co. (The) |
1,435 | 18,038 | |||
| Wright Express Corp.* |
125 | 2,277 | |||
| Total IT Services | 234,227 | ||||
| Leisure Equipment & Products – 0.1% |
|||||
| Callaway Golf Co. |
151 | 1,084 | |||
| Eastman Kodak Co. |
224 | 851 | |||
| Hasbro, Inc. |
268 | 6,719 | |||
| Jakks Pacific, Inc.* |
129 | 1,593 | |||
| Mattel, Inc. |
769 | 8,866 | |||
| Polaris Industries, Inc. |
106 | 2,273 | |||
| Pool Corp. |
119 | 1,595 | |||
| Total Leisure Equipment & Products | 22,981 | ||||
| Life Sciences Tools & Services – 0.4% | |||||
| Bio-Rad Laboratories, Inc. Class A* |
35 | 2,307 | |||
| Bruker Corp.* |
374 | 2,304 | |||
| Charles River Laboratories International, Inc.* |
150 | 4,082 | |||
| Covance, Inc.* |
96 | 3,420 | |||
| Dionex Corp.* |
19 | 898 | |||
| Illumina, Inc.* |
79 | 2,942 | |||
| Millipore Corp.* |
56 | 3,215 | |||
| Parexel International Corp.* |
180 | 1,751 | |||
| PerkinElmer, Inc. |
239 | 3,052 | |||
| Pharmaceutical Product Development, Inc. |
145 | 3,439 | |||
| Techne Corp. |
36 | 1,970 | |||
| Thermo Fisher Scientific, Inc.* |
619 | 22,080 | |||
| Varian, Inc.* |
45 | 1,068 | |||
| Waters Corp.* |
175 | 6,466 | |||
| Total Life Sciences Tools & Services | 58,994 | ||||
| Machinery – 2.5% | |||||
| Actuant Corp. Class A |
186 | 1,921 | |||
| AGCO Corp.* |
357 | 6,997 | |||
| Astec Industries, Inc.* |
64 | 1,679 | |||
| Barnes Group, Inc. |
209 | 2,234 | |||
| Bucyrus International, Inc. |
247 | 3,749 | |||
| Caterpillar, Inc. |
1,882 | 52,621 | |||
| Chart Industries, Inc.* |
176 | 1,387 | |||
| CIRCOR International, Inc. |
81 | 1,824 | |||
| CLARCOR, Inc. |
82 | 2,066 | |||
| Crane Co. |
246 | 4,152 | |||
| Cummins, Inc. |
784 | 19,953 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Danaher Corp. |
534 | $ | 28,953 | ||
| Deere & Co. |
1,081 | 35,532 | |||
| Donaldson Co., Inc. |
127 | 3,409 | |||
| Dover Corp. |
498 | 13,137 | |||
| Eaton Corp. |
594 | 21,895 | |||
| EnPro Industries, Inc.* |
116 | 1,984 | |||
| ESCO Technologies, Inc.* |
46 | 1,780 | |||
| Federal Signal Corp. |
204 | 1,075 | |||
| Flowserve Corp. |
181 | 10,158 | |||
| Gardner Denver, Inc.* |
188 | 4,087 | |||
| Graco, Inc. |
155 | 2,646 | |||
| Harsco Corp. |
261 | 5,786 | |||
| IDEX Corp. |
174 | 3,805 | |||
| Illinois Tool Works, Inc. |
1,196 | 36,897 | |||
| ITT Corp. |
350 | 13,465 | |||
| Joy Global, Inc. |
305 | 6,497 | |||
| Kaydon Corp. |
67 | 1,831 | |||
| Kennametal, Inc. |
236 | 3,826 | |||
| Lincoln Electric Holdings, Inc. |
115 | 3,644 | |||
| Manitowoc Co., Inc. (The) |
693 | 2,266 | |||
| Middleby Corp.* |
64 | 2,076 | |||
| Mueller Industries, Inc. |
121 | 2,625 | |||
| Navistar International Corp.* |
352 | 11,778 | |||
| Nordson Corp. |
96 | 2,729 | |||
| Oshkosh Corp. |
238 | 1,604 | |||
| PACCAR, Inc. |
888 | 22,875 | |||
| Pall Corp. |
166 | 3,391 | |||
| Parker Hannifin Corp. |
561 | 19,063 | |||
| Pentair, Inc. |
194 | 4,204 | |||
| Robbins & Myers, Inc. |
129 | 1,957 | |||
| Sauer-Danfoss, Inc. |
255 | 622 | |||
| SPX Corp. |
237 | 11,141 | |||
| Terex Corp.* |
838 | 7,752 | |||
| Timken Co. |
474 | 6,617 | |||
| Toro Co. |
97 | 2,345 | |||
| Trinity Industries, Inc. |
462 | 4,223 | |||
| Valmont Industries, Inc. |
54 | 2,711 | |||
| Wabtec Corp. |
81 | 2,137 | |||
| Watts Water Technologies, Inc. Class A |
84 | 1,643 | |||
| Total Machinery | 412,749 | ||||
| Marine – 0.0% | |||||
| Alexander & Baldwin, Inc. |
88 | 1,675 | |||
| American Commercial Lines, Inc.* |
324 | 1,027 | |||
| Kirby Corp.* |
130 | 3,463 | |||
| Total Marine | 6,165 | ||||
| Media – 2.7% | |||||
| Belo Corp. Class A |
1,061 | 647 | |||
| Cablevision Systems Corp. Class A |
419 | 5,422 | |||
| Clear Channel Outdoor Holdings, Inc. Class A* |
1,141 | 4,187 | |||
| Comcast Corp. Class A |
3,606 | 49,186 | |||
| DIRECTV Group, Inc. (The)* |
1,417 | 32,293 | |||
| DISH Network Corp. Class A* |
1,862 | 20,687 | |||
| DreamWorks Animation SKG, Inc. Class A* |
188 | 4,068 | |||
| Investments | Shares | Value | |||
| Fisher Communications, Inc. |
127 | $ | 1,240 | ||
| Gannett Co., Inc.(a) |
1,110 | 2,442 | |||
| Harte-Hanks, Inc. |
310 | 1,658 | |||
| Hearst-Argyle Television, Inc. |
340 | 1,414 | |||
| Interactive Data Corp. |
141 | 3,505 | |||
| Interpublic Group of Cos., Inc.* |
1,329 | 5,475 | |||
| John Wiley & Sons, Inc. Class A |
103 | 3,067 | |||
| Marvel Entertainment, Inc.* |
134 | 3,558 | |||
| McGraw-Hill Cos., Inc. (The) |
718 | 16,421 | |||
| Meredith Corp. |
173 | 2,879 | |||
| Morningstar, Inc.*(a) |
80 | 2,732 | |||
| News Corp. Class A |
13,170 | 87,185 | |||
| Regal Entertainment Group Class A |
187 | 2,508 | |||
| Scholastic Corp. |
111 | 1,673 | |||
| Scripps Networks Interactive, Inc. Class A* |
223 | 5,020 | |||
| Sinclair Broadcast Group, Inc. Class A |
505 | 520 | |||
| Time Warner Cable, Inc. Class A*(a) |
1,060 | 26,288 | |||
| Time Warner, Inc.* |
2,579 | 49,775 | |||
| Viacom, Inc. Class B* |
2,007 | 34,882 | |||
| Walt Disney Co. (The) |
4,011 | 72,840 | |||
| Washington Post Co. (The) Class B |
9 | 3,214 | |||
| World Wrestling Entertainment, Inc. Class A |
151 | 1,743 | |||
| Total Media | 446,529 | ||||
| Metals & Mining – 1.9% | |||||
| Alcoa, Inc. |
3,892 | 28,567 | |||
| Allegheny Technologies, Inc. |
504 | 11,053 | |||
| AMCOL International Corp. |
71 | 1,054 | |||
| Carpenter Technology Corp. |
159 | 2,245 | |||
| Cliffs Natural Resources, Inc. |
443 | 8,045 | |||
| Commercial Metals Co. |
376 | 4,343 | |||
| Compass Minerals International, Inc. |
58 | 3,269 | |||
| Freeport-McMoRan Copper & Gold, Inc. |
2,752 | 104,879 | |||
| Haynes International, Inc.* |
92 | 1,639 | |||
| Horsehead Holding Corp.* |
326 | 1,793 | |||
| Kaiser Aluminum Corp. |
72 | 1,665 | |||
| Newmont Mining Corp. |
599 | 26,811 | |||
| Nucor Corp. |
1,035 | 39,506 | |||
| Olympic Steel, Inc. |
88 | 1,335 | |||
| Reliance Steel & Aluminum Co. |
499 | 13,139 | |||
| RTI International Metals, Inc.* |
126 | 1,474 | |||
| Schnitzer Steel Industries, Inc. Class A |
166 | 5,211 | |||
| Southern Copper Corp. |
2,596 | 45,222 | |||
| Steel Dynamics, Inc. |
1,188 | 10,466 | |||
| Titanium Metals Corp. |
468 | 2,560 | |||
| Worthington Industries, Inc. |
361 | 3,144 | |||
| Total Metals & Mining | 317,420 | ||||
| Multiline Retail – 0.9% | |||||
| Big Lots, Inc.* |
256 | 5,320 | |||
| Dollar Tree, Inc.* |
126 | 5,613 | |||
| Family Dollar Stores, Inc. |
224 | 7,475 | |||
| J.C. Penney Co., Inc. |
722 | 14,491 | |||
| Kohl’s Corp.* |
551 | 23,318 | |||
| Macy’s, Inc. |
1,635 | 14,552 | |||
See Notes to Financial Statements.
| 22 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Nordstrom, Inc.(a) |
856 | $ | 14,338 | ||
| Sears Holdings Corp.*(a) |
155 | 7,085 | |||
| Target Corp. |
1,578 | 54,267 | |||
| Total Multiline Retail | 146,459 | ||||
| Multi-Utilities – 1.3% | |||||
| Alliant Energy Corp. |
183 | 4,518 | |||
| Ameren Corp. |
433 | 10,041 | |||
| Avista Corp. |
121 | 1,667 | |||
| Black Hills Corp. |
82 | 1,467 | |||
| Centerpoint Energy, Inc. |
924 | 9,637 | |||
| CMS Energy Corp. |
306 | 3,623 | |||
| Consolidated Edison, Inc. |
362 | 14,339 | |||
| Dominion Resources, Inc. |
1,031 | 31,951 | |||
| DTE Energy Co. |
358 | 9,916 | |||
| Integrys Energy Group, Inc. |
113 | 2,942 | |||
| MDU Resources Group, Inc. |
427 | 6,892 | |||
| NiSource, Inc. |
541 | 5,302 | |||
| NorthWestern Corp. |
94 | 2,019 | |||
| NSTAR |
152 | 4,846 | |||
| OGE Energy Corp. |
230 | 5,479 | |||
| PG&E Corp. |
535 | 20,448 | |||
| Public Service Enterprise Group, Inc. |
708 | 20,865 | |||
| SCANA Corp. |
211 | 6,518 | |||
| Sempra Energy |
519 | 23,998 | |||
| TECO Energy, Inc. |
360 | 4,014 | |||
| Vectren Corp. |
142 | 2,995 | |||
| Wisconsin Energy Corp. |
45 | 1,853 | |||
| Xcel Energy, Inc. |
708 | 13,190 | |||
| Total Multi-Utilities | 208,520 | ||||
| Office Electronics – 0.1% | |||||
| Xerox Corp. |
3,090 | 14,060 | |||
| Zebra Technologies Corp. Class A* |
150 | 2,853 | |||
| Total Office Electronics | 16,913 | ||||
| Oil, Gas & Consumable Fuels – 17.0% | |||||
| Alpha Natural Resources, Inc.* |
238 | 4,225 | |||
| Anadarko Petroleum Corp. |
1,325 | 51,529 | |||
| Apache Corp. |
1,378 | 88,316 | |||
| Arch Coal, Inc. |
547 | 7,313 | |||
| Arena Resources, Inc.* |
77 | 1,962 | |||
| Atlas Energy Resources LLC |
270 | 2,849 | |||
| ATP Oil & Gas Corp.* |
328 | 1,683 | |||
| Berry Petroleum Co. Class A |
494 | 5,414 | |||
| Bill Barrett Corp.* |
124 | 2,758 | |||
| Cabot Oil & Gas Corp. |
189 | 4,455 | |||
| Carrizo Oil & Gas, Inc.* |
107 | 950 | |||
| Chesapeake Energy Corp. |
2,238 | 38,180 | |||
| Chevron Corp. |
7,148 | 480,632 | |||
| Cimarex Energy Co. |
261 | 4,797 | |||
| Clayton Williams Energy, Inc.* |
46 | 1,345 | |||
| CNX Gas Corp.* |
176 | 4,173 | |||
| Comstock Resources, Inc.* |
92 | 2,742 | |||
| ConocoPhillips |
7,786 | 304,900 | |||
| Investments | Shares | Value | |||
| Consol Energy, Inc. |
183 | $ | 4,619 | ||
| Contango Oil & Gas Co.* |
40 | 1,568 | |||
| Copano Energy LLC |
181 | 2,411 | |||
| Denbury Resources, Inc.* |
1,076 | 15,989 | |||
| Devon Energy Corp. |
1,527 | 68,242 | |||
| El Paso Corp. |
2,710 | 16,938 | |||
| Encore Acquisition Co.* |
220 | 5,119 | |||
| EOG Resources, Inc. |
745 | 40,796 | |||
| Exxon Mobil Corp. |
14,155 | 963,955 | |||
| Forest Oil Corp.* |
535 | 7,035 | |||
| Frontier Oil Corp. |
383 | 4,899 | |||
| Gulfport Energy Corp.* |
317 | 735 | |||
| Harvest Natural Resources, Inc.* |
341 | 1,156 | |||
| Hess Corp. |
1,330 | 72,086 | |||
| Holly Corp. |
145 | 3,074 | |||
| Marathon Oil Corp. |
3,418 | 89,859 | |||
| Mariner Energy, Inc.* |
751 | 5,820 | |||
| Massey Energy Co. |
328 | 3,319 | |||
| McMoRan Exploration Co.* |
225 | 1,058 | |||
| Murphy Oil Corp. |
816 | 36,532 | |||
| Newfield Exploration Co.* |
418 | 9,489 | |||
| Noble Energy, Inc. |
587 | 31,628 | |||
| NuStar GP Holdings LLC |
94 | 1,937 | |||
| Occidental Petroleum Corp. |
2,937 | 163,444 | |||
| Overseas Shipholding Group, Inc. |
205 | 4,647 | |||
| Patriot Coal Corp.* |
351 | 1,302 | |||
| Peabody Energy Corp. |
781 | 19,556 | |||
| Penn Virginia Corp. |
105 | 1,153 | |||
| PetroHawk Energy Corp.* |
306 | 5,884 | |||
| Petroleum Development Corp.* |
86 | 1,016 | |||
| Pioneer Natural Resources Co. |
469 | 7,724 | |||
| Plains Exploration & Production Co.* |
944 | 16,265 | |||
| Quicksilver Resources, Inc.* |
459 | 2,543 | |||
| Range Resources Corp. |
182 | 7,491 | |||
| Southern Union Co. |
363 | 5,525 | |||
| Southwestern Energy Co.* |
424 | 12,589 | |||
| Spectra Energy Corp. |
1,677 | 23,713 | |||
| St. Mary Land & Exploration Co. |
246 | 3,255 | |||
| Stone Energy Corp.* |
567 | 1,888 | |||
| Sunoco, Inc. |
313 | 8,288 | |||
| Swift Energy Co.* |
297 | 2,168 | |||
| Tesoro Corp. |
298 | 4,014 | |||
| Valero Energy Corp. |
2,403 | 43,014 | |||
| W&T Offshore, Inc. |
623 | 3,831 | |||
| Walter Industries, Inc. |
220 | 5,031 | |||
| Warren Resources, Inc.* |
486 | 467 | |||
| Western Refining, Inc. |
273 | 3,260 | |||
| Whiting Petroleum Corp.* |
197 | 5,092 | |||
| Williams Cos., Inc. (The) |
2,135 | 24,296 | |||
| World Fuel Services Corp. |
98 | 3,100 | |||
| XTO Energy, Inc. |
1,147 | 35,121 | |||
| Total Oil, Gas & Consumable Fuels | 2,812,164 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 23 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Paper & Forest Products – 0.1% | |||||
| International Paper Co. |
1,442 | $ | 10,152 | ||
| MeadWestvaco Corp. |
105 | 1,259 | |||
| Total Paper & Forest Products | 11,411 | ||||
| Personal Products – 0.2% | |||||
| Alberto-Culver Co. |
146 | 3,301 | |||
| Avon Products, Inc. |
786 | 15,115 | |||
| Bare Escentuals, Inc.* |
561 | 2,300 | |||
| Chattem, Inc.* |
40 | 2,242 | |||
| Estee Lauder Cos., Inc. (The) Class A |
369 | 9,096 | |||
| NBTY, Inc.* |
287 | 4,041 | |||
| Nu Skin Enterprises, Inc. Class A |
144 | 1,510 | |||
| Total Personal Products | 37,605 | ||||
| Pharmaceuticals – 5.4% | |||||
| Abbott Laboratories |
1,811 | 86,385 | |||
| Allergan, Inc. |
348 | 16,621 | |||
| Bristol-Myers Squibb Co. |
2,170 | 47,566 | |||
| Eli Lilly & Co. |
1,903 | 63,579 | |||
| Endo Pharmaceuticals Holdings, Inc.* |
203 | 3,589 | |||
| Forest Laboratories, Inc.* |
773 | 16,975 | |||
| Johnson & Johnson |
4,559 | 239,803 | |||
| King Pharmaceuticals, Inc.* |
601 | 4,249 | |||
| KV Pharmaceutical Co. Class A* |
317 | 523 | |||
| Medicis Pharmaceutical Corp. Class A |
112 | 1,386 | |||
| Merck & Co., Inc. |
3,363 | 89,960 | |||
| Perrigo Co. |
116 | 2,880 | |||
| Pfizer, Inc. |
13,431 | 182,930 | |||
| Questcor Pharmaceuticals, Inc.* |
269 | 1,324 | |||
| Sepracor, Inc.* |
644 | 9,441 | |||
| Viropharma, Inc.* |
219 | 1,150 | |||
| Watson Pharmaceuticals, Inc.* |
194 | 6,035 | |||
| Wyeth |
2,566 | 110,441 | |||
| Total Pharmaceuticals | 884,837 | ||||
| Professional Services – 0.3% | |||||
| Administaff, Inc. |
89 | 1,881 | |||
| Corporate Executive Board Co. (The) |
101 | 1,465 | |||
| Dun & Bradstreet Corp. |
94 | 7,238 | |||
| Equifax, Inc. |
246 | 6,015 | |||
| First Advantage Corp. Class A* |
131 | 1,805 | |||
| FTI Consulting, Inc.* |
83 | 4,107 | |||
| IHS, Inc. Class A* |
63 | 2,594 | |||
| Korn/Ferry International* |
174 | 1,576 | |||
| Manpower, Inc. |
300 | 9,459 | |||
| Monster Worldwide, Inc.* |
329 | 2,681 | |||
| MPS Group, Inc.* |
309 | 1,839 | |||
| Resources Connection, Inc.* |
114 | 1,719 | |||
| Robert Half International, Inc. |
334 | 5,955 | |||
| TrueBlue, Inc.* |
192 | 1,584 | |||
| Watson Wyatt Worldwide, Inc. Class A |
81 | 3,999 | |||
| Total Professional Services | 53,917 | ||||
| Real Estate Investment Trusts (REITs) – 0.6% | |||||
| Alexander’s, Inc. |
8 | 1,363 | |||
| Investments | Shares | Value | |||
| Alexandria Real Estate Equities, Inc.(a) |
44 | $ | 1,602 | ||
| AMB Property Corp. |
181 | 2,606 | |||
| AvalonBay Communities, Inc. |
83 | 3,906 | |||
| BioMed Realty Trust, Inc. |
176 | 1,192 | |||
| Boston Properties, Inc. |
111 | 3,888 | |||
| BRE Properties, Inc. |
57 | 1,119 | |||
| Developers Diversified Realty Corp. |
669 | 1,425 | |||
| DiamondRock Hospitality Co. |
316 | 1,267 | |||
| Duke Realty Corp.(a) |
181 | 995 | |||
| Entertainment Properties Trust |
88 | 1,387 | |||
| Equity One, Inc.(a) |
123 | 1,499 | |||
| Equity Residential |
95 | 1,743 | |||
| Federal Realty Investment Trust |
46 | 2,116 | |||
| HCP, Inc. |
167 | 2,981 | |||
| Health Care REIT, Inc. |
91 | 2,784 | |||
| Hospitality Properties Trust |
232 | 2,784 | |||
| Host Hotels & Resorts, Inc. |
1,314 | 5,151 | |||
| Kimco Realty Corp. |
403 | 3,071 | |||
| Liberty Property Trust |
127 | 2,405 | |||
| Macerich Co. (The)(a) |
113 | 707 | |||
| Mack-Cali Realty Corp. |
90 | 1,783 | |||
| National Health Investors, Inc. |
69 | 1,854 | |||
| National Retail Properties, Inc. |
161 | 2,550 | |||
| Nationwide Health Properties, Inc. |
115 | 2,552 | |||
| Omega Healthcare Investors, Inc. |
154 | 2,168 | |||
| Plum Creek Timber Co., Inc. |
167 | 4,855 | |||
| Potlatch Corp. |
72 | 1,670 | |||
| Public Storage |
222 | 12,266 | |||
| Rayonier, Inc. |
122 | 3,687 | |||
| Realty Income Corp.(a) |
107 | 2,014 | |||
| Regency Centers Corp. |
84 | 2,232 | |||
| Senior Housing Properties Trust |
184 | 2,580 | |||
| Simon Property Group, Inc. |
180 | 6,235 | |||
| SL Green Realty Corp. |
189 | 2,041 | |||
| Ventas, Inc. |
143 | 3,233 | |||
| Vornado Realty Trust |
156 | 5,185 | |||
| Weingarten Realty Investors(a) |
134 | 1,276 | |||
| Total Real Estate Investment Trusts (REITs) | 104,172 | ||||
| Real Estate Management & Development – 0.0% | |||||
| CB Richard Ellis Group, Inc. Class A* |
996 | 4,014 | |||
| Jones Lang LaSalle, Inc. |
121 | 2,814 | |||
| Total Real Estate Management & Development | 6,828 | ||||
| Road & Rail – 0.9% | |||||
| Arkansas Best Corp. |
62 | 1,179 | |||
| Burlington Northern Santa Fe Corp. |
601 | 36,150 | |||
| Con-way, Inc. |
127 | 2,277 | |||
| CSX Corp. |
913 | 23,601 | |||
| Genesee & Wyoming, Inc. Class A* |
59 | 1,254 | |||
| Heartland Express, Inc. |
116 | 1,718 | |||
| Hertz Global Holdings, Inc.* |
685 | 2,692 | |||
| JB Hunt Transport Services, Inc. |
179 | 4,316 | |||
| Kansas City Southern* |
214 | 2,720 | |||
| Knight Transportation, Inc. |
96 | 1,455 | |||
See Notes to Financial Statements.
| 24 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Landstar System, Inc. |
75 | $ | 2,510 | ||
| Norfolk Southern Corp. |
711 | 23,996 | |||
| Old Dominion Freight Line, Inc.* |
84 | 1,973 | |||
| Ryder System, Inc. |
142 | 4,020 | |||
| Union Pacific Corp. |
942 | 38,726 | |||
| Werner Enterprises, Inc. |
99 | 1,497 | |||
| Total Road & Rail | 150,084 | ||||
| Semiconductors & Semiconductor Equipment – 2.4% |
|||||
| Altera Corp. |
491 | 8,617 | |||
| Analog Devices, Inc. |
600 | 11,562 | |||
| Applied Materials, Inc. |
1,936 | 20,812 | |||
| Broadcom Corp. Class A* |
576 | 11,508 | |||
| Cymer, Inc.* |
89 | 1,981 | |||
| Fairchild Semiconductor International, Inc.* |
468 | 1,746 | |||
| Hittite Microwave Corp.* |
63 | 1,966 | |||
| Integrated Device Technology, Inc.* |
296 | 1,347 | |||
| Intel Corp. |
11,048 | 166,272 | |||
| Intersil Corp. Class A |
450 | 5,175 | |||
| KLA-Tencor Corp. |
324 | 6,480 | |||
| Lam Research Corp.* |
301 | 6,854 | |||
| Linear Technology Corp. |
398 | 9,146 | |||
| Maxim Integrated Products, Inc. |
578 | 7,635 | |||
| MEMC Electronic Materials, Inc.* |
1,039 | 17,133 | |||
| Microchip Technology, Inc. |
361 | 7,650 | |||
| Microsemi Corp.* |
145 | 1,682 | |||
| MKS Instruments, Inc.* |
121 | 1,775 | |||
| National Semiconductor Corp. |
673 | 6,912 | |||
| Novellus Systems, Inc.* |
151 | 2,511 | |||
| Nvidia Corp.* |
1,010 | 9,959 | |||
| Omnivision Technologies, Inc.* |
366 | 2,459 | |||
| ON Semiconductor Corp.* |
1,256 | 4,898 | |||
| PMC-Sierra, Inc.* |
682 | 4,351 | |||
| Sigma Designs, Inc.* |
259 | 3,222 | |||
| Skyworks Solutions, Inc.* |
566 | 4,562 | |||
| Texas Instruments, Inc. |
3,394 | 56,035 | |||
| Varian Semiconductor Equipment Associates, Inc.* |
145 | 3,141 | |||
| Xilinx, Inc. |
514 | 9,848 | |||
| Total Semiconductors & Semiconductor Equipment | 397,239 | ||||
| Software – 3.9% | |||||
| Adobe Systems, Inc.* |
849 | 18,160 | |||
| Ansys, Inc.* |
105 | 2,636 | |||
| Autodesk, Inc.* |
462 | 7,766 | |||
| BMC Software, Inc.* |
225 | 7,425 | |||
| CA, Inc. |
787 | 13,859 | |||
| Cadence Design Systems, Inc.* |
1,297 | 5,447 | |||
| Citrix Systems, Inc.* |
181 | 4,098 | |||
| Compuware Corp.* |
574 | 3,783 | |||
| FactSet Research Systems, Inc.(a) |
79 | 3,949 | |||
| Fair Isaac Corp. |
155 | 2,181 | |||
| Informatica Corp.* |
142 | 1,883 | |||
| Intuit, Inc.* |
412 | 11,124 | |||
| Jack Henry & Associates, Inc. |
151 | 2,464 | |||
| Investments | Shares | Value | |||
| McAfee, Inc.* |
111 | $ | 3,719 | ||
| Micros Systems, Inc.* |
180 | 3,375 | |||
| Microsoft Corp. |
20,774 | 381,618 | |||
| Net 1 UEPS Technologies, Inc.* |
211 | 3,209 | |||
| Oracle Corp.* |
7,172 | 129,598 | |||
| Parametric Technology Corp.* |
211 | 2,106 | |||
| Progress Software Corp.* |
96 | 1,667 | |||
| Red Hat, Inc.* |
190 | 3,390 | |||
| Sybase, Inc.* |
182 | 5,513 | |||
| Symantec Corp.* |
1,125 | 16,807 | |||
| Synopsys, Inc.* |
244 | 5,058 | |||
| Take-Two Interactive Software, Inc.* |
253 | 2,113 | |||
| TIBCO Software, Inc.* |
320 | 1,878 | |||
| VMware, Inc. Class A* |
258 | 6,094 | |||
| Total Software | 650,920 | ||||
| Specialty Retail – 2.3% | |||||
| Aaron Rents, Inc. |
89 | 2,373 | |||
| Abercrombie & Fitch Co. Class A |
404 | 9,615 | |||
| Advance Auto Parts, Inc. |
165 | 6,778 | |||
| Aeropostale, Inc.* |
200 | 5,312 | |||
| American Eagle Outfitters, Inc. |
617 | 7,552 | |||
| Autozone, Inc.* |
100 | 16,262 | |||
| Barnes & Noble, Inc. |
166 | 3,549 | |||
| bebe Stores, Inc. |
218 | 1,454 | |||
| Bed Bath & Beyond, Inc.* |
426 | 10,544 | |||
| Best Buy Co., Inc. |
1,011 | 38,378 | |||
| Buckle, Inc. (The) |
127 | 4,055 | |||
| Cabela’s, Inc.* |
286 | 2,606 | |||
| Carmax, Inc.* |
310 | 3,856 | |||
| Collective Brands, Inc.* |
163 | 1,588 | |||
| Dick’s Sporting Goods, Inc.* |
237 | 3,382 | |||
| Dress Barn, Inc.* |
203 | 2,495 | |||
| Foot Locker, Inc. |
363 | 3,804 | |||
| GameStop Corp. Class A* |
316 | 8,854 | |||
| Gap, Inc. (The) |
1,498 | 19,459 | |||
| Guess ?, Inc. |
329 | 6,935 | |||
| Gymboree Corp.* |
101 | 2,156 | |||
| Home Depot, Inc. |
2,581 | 60,808 | |||
| J Crew Group, Inc.*(a) |
178 | 2,346 | |||
| JOS A Bank Clothiers, Inc.* |
64 | 1,780 | |||
| Lowe’s Cos., Inc. |
2,290 | 41,793 | |||
| Ltd. Brands, Inc. |
1,230 | 10,701 | |||
| Men’s Wearhouse, Inc. (The) |
146 | 2,210 | |||
| Office Depot, Inc.* |
714 | 935 | |||
| O’Reilly Automotive, Inc.* |
137 | 4,796 | |||
| Penske Auto Group, Inc. |
400 | 3,732 | |||
| PetSmart, Inc. |
242 | 5,072 | |||
| RadioShack Corp. |
452 | 3,874 | |||
| Rent-A-Center, Inc.* |
183 | 3,545 | |||
| Ross Stores, Inc. |
231 | 8,288 | |||
| Sally Beauty Holdings, Inc.* |
410 | 2,329 | |||
| Sherwin-Williams Co. (The) |
197 | 10,238 | |||
| Sonic Automotive, Inc. Class A |
354 | 566 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 25 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Staples, Inc. |
1,125 | $ | 20,374 | ||
| Systemax, Inc. |
188 | 2,429 | |||
| Tiffany & Co. |
272 | 5,864 | |||
| TJX Cos., Inc. |
939 | 24,076 | |||
| Tractor Supply Co.* |
61 | 2,200 | |||
| Urban Outfitters, Inc.* |
223 | 3,651 | |||
| Williams-Sonoma, Inc. |
481 | 4,849 | |||
| Total Specialty Retail | 387,463 | ||||
| Textiles, Apparel & Luxury Goods – 0.6% | |||||
| Carter’s, Inc.* |
118 | 2,220 | |||
| Coach, Inc.* |
751 | 12,542 | |||
| Columbia Sportswear Co. |
83 | 2,483 | |||
| Deckers Outdoor Corp.* |
32 | 1,697 | |||
| Fossil, Inc.* |
245 | 3,847 | |||
| Hanesbrands, Inc.* |
293 | 2,804 | |||
| Iconix Brand Group, Inc.* |
193 | 1,708 | |||
| Movado Group, Inc. |
197 | 1,485 | |||
| NIKE, Inc. Class B |
730 | 34,230 | |||
| Phillips-Van Heusen Corp. |
191 | 4,332 | |||
| Polo Ralph Lauren Corp. |
220 | 9,295 | |||
| Quiksilver, Inc.* |
1,244 | 1,592 | |||
| Skechers U.S.A., Inc. Class A* |
190 | 1,267 | |||
| Timberland Co. Class A* |
143 | 1,707 | |||
| Under Armour, Inc. Class A*(a) |
66 | 1,084 | |||
| UniFirst Corp. |
65 | 1,810 | |||
| VF Corp. |
248 | 14,163 | |||
| Warnaco Group, Inc. (The)* |
111 | 2,664 | |||
| Wolverine World Wide, Inc. |
113 | 1,761 | |||
| Total Textiles, Apparel & Luxury Goods | 102,691 | ||||
| Thrifts & Mortgage Finance – 0.1% | |||||
| Astoria Financial Corp. |
128 | 1,176 | |||
| Capitol Federal Financial |
51 | 1,928 | |||
| First Niagara Financial Group, Inc. |
165 | 1,799 | |||
| Hudson City Bancorp, Inc. |
581 | 6,792 | |||
| Northwest Bancorp, Inc. |
91 | 1,538 | |||
| People’s United Financial, Inc. |
220 | 3,954 | |||
| TFS Financial Corp. |
156 | 1,892 | |||
| Washington Federal, Inc. |
111 | 1,475 | |||
| Total Thrifts & Mortgage Finance | 20,554 | ||||
| Tobacco – 1.7% | |||||
| Altria Group, Inc. |
6,126 | 98,139 | |||
| Lorillard, Inc.* |
311 | 19,201 | |||
| Philip Morris International, Inc. |
3,659 | 130,187 | |||
| Reynolds American, Inc. |
662 | 23,726 | |||
| Universal Corp. |
87 | 2,603 | |||
| Vector Group Ltd. |
151 | 1,961 | |||
| Total Tobacco | 275,817 | ||||
| Trading Companies & Distributors – 0.2% | |||||
| Applied Industrial Technologies, Inc. |
137 | 2,311 | |||
| Fastenal Co.(a) |
191 | 6,142 | |||
| GATX Corp. |
167 | 3,378 | |||
| H&E Equipment Services, Inc.* |
250 | 1,637 | |||
| Investments | Shares | Value | ||||
| Interline Brands, Inc.* |
151 | $ | 1,273 | |||
| MSC Industrial Direct Co. Class A |
137 | 4,257 | ||||
| RSC Holdings, Inc.*(a) |
476 | 2,504 | ||||
| TAL International Group, Inc.* |
129 | 944 | ||||
| W.W. Grainger, Inc. |
142 | 9,966 | ||||
| Watsco, Inc. |
54 | 1,838 | ||||
| WESCO International, Inc.* |
294 | 5,327 | ||||
| Total Trading Companies & Distributors | 39,577 | |||||
| Water Utilities – 0.0% | ||||||
| Aqua America, Inc. |
141 | 2,820 | ||||
| Wireless Telecommunication Services – 0.2% | ||||||
| American Tower Corp. Class A* |
124 | 3,773 | ||||
| MetroPCS Communications, Inc.* |
168 | 2,869 | ||||
| NII Holdings, Inc.* |
602 | 9,030 | ||||
| Syniverse Holdings, Inc.* |
239 | 3,767 | ||||
| Telephone & Data Systems, Inc. |
271 | 7,184 | ||||
| United States Cellular Corp.* |
175 | 5,835 | ||||
| Total Wireless Telecommunication Services | 32,458 | |||||
| TOTAL COMMON STOCKS (Cost: $25,192,500) |
16,392,378 | |||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||
| MONEY MARKET FUND – 0.6% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $91,171) |
91,171 | 91,171 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% | ||||||
| MONEY MARKET FUND – 1.0% | ||||||
| Dreyfus Institutional Preferred Money Market (Cost: $164,013)(d) |
164,013 | 164,013 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.8% (Cost: $25,447,684) |
16,647,562 | |||||
| Liabilities in Excess of Other Assets – (0.8)% |
(136,067 | ) | ||||
| NET ASSETS – 100.0% | $ | 16,511,495 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $162,063 and the total market value of the collateral held by the Fund was $164,013. |
See Notes to Financial Statements.
| 26 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.0% | |||||
| Advertising – 0.1% | |||||
| Omnicom Group, Inc. |
3,404 | $ | 79,654 | ||
| Aerospace & Defense – 3.0% | |||||
| Alliant Techsystems, Inc.* |
204 | 13,664 | |||
| Boeing Co. |
8,524 | 303,284 | |||
| General Dynamics Corp. |
3,823 | 158,999 | |||
| Goodrich Corp. |
1,601 | 60,662 | |||
| Honeywell International, Inc. |
6,549 | 182,455 | |||
| L-3 Communications Holdings, Inc. |
1,003 | 68,003 | |||
| Lockheed Martin Corp. |
3,476 | 239,948 | |||
| Northrop Grumman Corp. |
2,987 | 130,353 | |||
| Precision Castparts Corp. |
1,623 | 97,218 | |||
| Raytheon Co. |
3,678 | 143,221 | |||
| Rockwell Collins, Inc. |
1,623 | 52,975 | |||
| United Technologies Corp. |
8,048 | 345,903 | |||
| Total Aerospace & Defense | 1,796,685 | ||||
| Air Freight & Logistics – 0.2% | |||||
| C.H. Robinson Worldwide, Inc. |
620 | 28,278 | |||
| Expeditors International Washington, Inc. |
795 | 22,491 | |||
| FedEx Corp. |
1,570 | 69,849 | |||
| Total Air Freight & Logistics | 120,618 | ||||
| Airlines – 0.0% | |||||
| Southwest Airlines Co. |
3,685 | 23,326 | |||
| Auto Components – 0.1% | |||||
| BorgWarner, Inc. |
1,044 | 21,193 | |||
| Johnson Controls, Inc. |
4,967 | 59,604 | |||
| Total Auto Components | 80,797 | ||||
| Automobiles – 0.1% | |||||
| Harley-Davidson, Inc.(a) |
4,095 | 54,832 | |||
| Beverages – 2.1% | |||||
| Brown-Forman Corp. Class B |
771 | 29,938 | |||
| Coca-Cola Co. (The) |
11,690 | 513,776 | |||
| Coca-Cola Enterprises, Inc. |
5,539 | 73,059 | |||
| Constellation Brands, Inc. Class A* |
1,005 | 11,960 | |||
| Dr. Pepper Snapple Group, Inc.* |
2,509 | 42,427 | |||
| Hansen Natural Corp.* |
490 | 17,640 | |||
| Molson Coors Brewing Co. Class B |
832 | 28,521 | |||
| Pepsi Bottling Group, Inc. |
2,503 | 55,416 | |||
| PepsiCo, Inc. |
9,361 | 481,904 | |||
| Total Beverages | 1,254,641 | ||||
| Biotechnology – 1.1% | |||||
| Alexion Pharmaceuticals, Inc.* |
103 | 3,879 | |||
| Amgen, Inc.* |
6,511 | 322,425 | |||
| Biogen Idec, Inc.* |
1,545 | 80,989 | |||
| Cephalon, Inc.*(a) |
302 | 20,566 | |||
| Genzyme Corp.* |
557 | 33,080 | |||
| Gilead Sciences, Inc.* |
3,475 | 160,962 | |||
| Myriad Genetics, Inc.* |
216 | 9,822 | |||
| Total Biotechnology | 631,723 | ||||
| Investments | Shares | Value | |||
| Building Products – 0.0% | |||||
| Masco Corp. |
1,794 | $ | 12,522 | ||
| Capital Markets – 3.0% | |||||
| Ameriprise Financial, Inc. |
2,409 | 49,360 | |||
| Bank of New York Mellon Corp. (The) |
6,487 | 183,258 | |||
| BlackRock, Inc. |
729 | 94,799 | |||
| Charles Schwab Corp. (The) |
6,753 | 104,671 | |||
| Franklin Resources, Inc. |
2,253 | 121,369 | |||
| Goldman Sachs Group, Inc. (The) |
8,580 | 909,652 | |||
| Northern Trust Corp. |
1,212 | 72,502 | |||
| Raymond James Financial, Inc.(a) |
1,114 | 21,946 | |||
| SEI Investments Co. |
1,110 | 13,553 | |||
| State Street Corp. |
3,519 | 108,315 | |||
| T. Rowe Price Group, Inc. |
1,755 | 50,649 | |||
| TD Ameritrade Holding Corp.* |
5,548 | 76,618 | |||
| Total Capital Markets | 1,806,692 | ||||
| Chemicals – 2.2% | |||||
| Air Products & Chemicals, Inc. |
1,969 | 110,756 | |||
| Airgas, Inc. |
625 | 21,131 | |||
| CF Industries Holdings, Inc. |
1,025 | 72,908 | |||
| Dow Chemical Co. (The) |
10,766 | 90,758 | |||
| E.I. Du Pont de Nemours & Co. |
9,532 | 212,850 | |||
| Ecolab, Inc. |
1,140 | 39,592 | |||
| FMC Corp. |
567 | 24,460 | |||
| Monsanto Co.* |
2,263 | 188,055 | |||
| Mosaic Co. (The) |
7,166 | 300,829 | |||
| PPG Industries, Inc. |
1,454 | 53,653 | |||
| Praxair, Inc. |
2,026 | 136,330 | |||
| Rohm & Haas Co. |
774 | 61,022 | |||
| Sigma-Aldrich Corp. |
727 | 27,473 | |||
| Total Chemicals | 1,339,817 | ||||
| Commercial Banks – 1.4% | |||||
| Associated Banc-Corp |
971 | 14,992 | |||
| BB&T Corp.(a) |
4,765 | 80,624 | |||
| BOK Financial Corp. |
359 | 12,403 | |||
| Comerica, Inc. |
1,484 | 27,172 | |||
| Commerce Bancshares, Inc. |
374 | 13,576 | |||
| Cullen/Frost Bankers, Inc. |
387 | 18,166 | |||
| Fifth Third Bancorp(a) |
532 | 1,553 | |||
| Huntington Bancshares, Inc.(a) |
703 | 1,167 | |||
| M&T Bank Corp.(a) |
738 | 33,387 | |||
| PNC Financial Services Group, Inc. |
2,637 | 77,238 | |||
| Regions Financial Corp. |
7,189 | 30,625 | |||
| SunTrust Banks, Inc. |
2,849 | 33,447 | |||
| Synovus Financial Corp. |
1,683 | 5,470 | |||
| U.S. Bancorp |
12,644 | 184,729 | |||
| Valley National Bancorp(a) |
522 | 6,457 | |||
| Wells Fargo & Co. |
19,775 | 281,596 | |||
| Zions Bancorp. |
856 | 8,415 | |||
| Total Commercial Banks | 831,017 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| Commercial Services & Supplies – 0.4% | |||||
| Avery Dennison Corp. |
788 | $ | 17,604 | ||
| Cintas Corp.* |
1,172 | 28,972 | |||
| Covanta Holding Corp.* |
697 | 9,124 | |||
| Iron Mountain, Inc.* |
484 | 10,730 | |||
| Pitney Bowes, Inc. |
1,041 | 24,307 | |||
| R.R. Donnelley & Sons Co. |
3,979 | 29,166 | |||
| Republic Services, Inc. |
1,126 | 19,311 | |||
| Stericycle, Inc.* |
242 | 11,551 | |||
| Waste Management, Inc. |
3,317 | 84,915 | |||
| Total Commercial Services & Supplies | 235,680 | ||||
| Communications Equipment – 3.1% | |||||
| Cisco Systems, Inc.* |
43,089 | 722,603 | |||
| Corning, Inc. |
53,653 | 711,975 | |||
| Harris Corp. |
1,115 | 32,268 | |||
| Juniper Networks, Inc.* |
2,649 | 39,894 | |||
| QUALCOMM, Inc. |
8,737 | 339,957 | |||
| Total Communications Equipment | 1,846,697 | ||||
| Computers & Peripherals – 4.7% | |||||
| Apple, Inc.* |
4,883 | 513,301 | |||
| Dell, Inc.* |
20,936 | 198,473 | |||
| EMC Corp.* |
12,790 | 145,806 | |||
| Hewlett-Packard Co. |
19,992 | 640,944 | |||
| International Business Machines Corp. |
12,054 | 1,167,912 | |||
| NetApp, Inc.* |
1,918 | 28,463 | |||
| Western Digital Corp.* |
7,219 | 139,615 | |||
| Total Computers & Peripherals | 2,834,514 | ||||
| Construction & Engineering – 0.2% | |||||
| Aecom Technology Corp.* |
439 | 11,449 | |||
| Fluor Corp. |
1,309 | 45,226 | |||
| Jacobs Engineering Group, Inc.* |
749 | 28,956 | |||
| Quanta Services, Inc.* |
715 | 15,337 | |||
| URS Corp.* |
428 | 17,296 | |||
| Total Construction & Engineering | 118,264 | ||||
| Construction Materials – 0.0% | |||||
| Martin Marietta Materials, Inc. |
187 | 14,829 | |||
| Vulcan Materials Co.(a) |
318 | 14,084 | |||
| Total Construction Materials | 28,913 | ||||
| Consumer Finance – 0.4% | |||||
| American Express Co. |
11,318 | 154,264 | |||
| Capital One Financial Corp. |
5,356 | 65,557 | |||
| Discover Financial Services |
5,876 | 37,078 | |||
| Total Consumer Finance | 256,899 | ||||
| Containers & Packaging – 0.2% | |||||
| Ball Corp. |
707 | 30,684 | |||
| Bemis Co. |
594 | 12,456 | |||
| Crown Holdings, Inc.* |
3,082 | 70,054 | |||
| Owens-Illinois, Inc.* |
1,667 | 24,072 | |||
| Pactiv Corp.* |
631 | 9,206 | |||
| Total Containers & Packaging | 146,472 | ||||
| Investments | Shares | Value | |||
| Distributors – 0.1% | |||||
| Genuine Parts Co. |
1,208 | $ | 36,071 | ||
| Diversified Consumer Services – 0.2% | |||||
| Apollo Group, Inc. Class A* |
570 | 44,648 | |||
| DeVry, Inc. |
221 | 10,648 | |||
| H&R Block, Inc. |
1,790 | 32,560 | |||
| ITT Educational Services, Inc.* |
195 | 23,677 | |||
| Strayer Education, Inc. |
34 | 6,115 | |||
| Total Diversified Consumer Services | 117,648 | ||||
| Diversified Financial Services – 1.7% | |||||
| Bank of America Corp. |
30,890 | 210,670 | |||
| CME Group, Inc. |
351 | 86,483 | |||
| IntercontinentalExchange, Inc.* |
351 | 26,139 | |||
| JPMorgan Chase & Co. |
20,446 | 543,454 | |||
| Leucadia National Corp.* |
2,657 | 39,563 | |||
| Moody’s Corp. |
2,046 | 46,894 | |||
| NASDAQ OMX Group (The)* |
1,286 | 25,180 | |||
| NYSE Euronext |
2,331 | 41,725 | |||
| Total Diversified Financial Services | 1,020,108 | ||||
| Diversified Telecommunication Services – 2.9% | |||||
| AT&T, Inc. |
39,639 | 998,903 | |||
| CenturyTel, Inc. |
1,314 | 36,950 | |||
| Embarq Corp. |
2,083 | 78,842 | |||
| Frontier Communications Corp. |
2,002 | 14,374 | |||
| Qwest Communications International, Inc. |
21,555 | 73,718 | |||
| Verizon Communications, Inc. |
16,117 | 486,733 | |||
| Windstream Corp. |
4,856 | 39,139 | |||
| Total Diversified Telecommunication Services | 1,728,659 | ||||
| Electric Utilities – 2.0% | |||||
| Allegheny Energy, Inc. |
1,311 | 30,376 | |||
| American Electric Power Co., Inc. |
3,575 | 90,304 | |||
| Duke Energy Corp. |
8,382 | 120,030 | |||
| Edison International |
3,404 | 98,069 | |||
| Entergy Corp. |
1,441 | 98,118 | |||
| Exelon Corp. |
4,310 | 195,631 | |||
| FirstEnergy Corp. |
2,003 | 77,316 | |||
| FPL Group, Inc. |
2,587 | 131,239 | |||
| Northeast Utilities |
1,143 | 24,677 | |||
| Pepco Holdings, Inc. |
1,528 | 19,069 | |||
| Pinnacle West Capital Corp. |
730 | 19,389 | |||
| PPL Corp. |
2,675 | 76,799 | |||
| Progress Energy, Inc. |
1,755 | 63,636 | |||
| Southern Co. (The) |
4,343 | 132,983 | |||
| Total Electric Utilities | 1,177,636 | ||||
| Electrical Equipment – 0.5% | |||||
| Ametek, Inc. |
766 | 23,953 | |||
| Emerson Electric Co. |
6,116 | 174,795 | |||
| First Solar, Inc.* |
180 | 23,886 | |||
| Rockwell Automation, Inc. |
1,628 | 35,556 | |||
| Roper Industries, Inc. |
613 | 26,022 | |||
| Sunpower Corp. Class A*(a) |
154 | 3,662 | |||
| Total Electrical Equipment | 287,874 | ||||
See Notes to Financial Statements.
| 28 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| Electronic Equipment, Instruments & Components – 0.3% |
|||||
| Agilent Technologies, Inc.* |
3,768 | $ | 57,914 | ||
| Amphenol Corp. Class A |
1,647 | 46,923 | |||
| Dolby Laboratories, Inc. Class A* |
543 | 18,522 | |||
| Flir Systems, Inc.* |
632 | 12,943 | |||
| Mettler-Toledo International, Inc.* |
260 | 13,346 | |||
| Total Electronic Equipment, Instruments & Components | 149,648 | ||||
| Energy Equipment & Services – 1.5% | |||||
| Baker Hughes, Inc. |
4,694 | 134,014 | |||
| BJ Services Co. |
4,695 | 46,715 | |||
| Cameron International Corp.* |
2,457 | 53,882 | |||
| Diamond Offshore Drilling, Inc. |
1,586 | 99,696 | |||
| ENSCO International, Inc. |
3,093 | 81,655 | |||
| FMC Technologies, Inc.* |
1,333 | 41,816 | |||
| Halliburton Co. |
9,043 | 139,895 | |||
| Helmerich & Payne, Inc. |
1,751 | 39,870 | |||
| National Oilwell Varco, Inc.* |
6,000 | 172,260 | |||
| Pride International, Inc.* |
2,949 | 53,023 | |||
| Smith International, Inc. |
2,609 | 56,042 | |||
| Total Energy Equipment & Services | 918,868 | ||||
| Food & Staples Retailing – 3.4% | |||||
| Costco Wholesale Corp. |
2,140 | 99,125 | |||
| CVS/Caremark Corp. |
10,845 | 298,129 | |||
| Kroger Co. (The) |
4,291 | 91,055 | |||
| Safeway, Inc. |
3,472 | 70,100 | |||
| SUPERVALU, Inc. |
3,850 | 54,978 | |||
| Sysco Corp. |
4,193 | 95,600 | |||
| Walgreen Co. |
7,567 | 196,439 | |||
| Wal-Mart Stores, Inc. |
21,970 | 1,144,637 | |||
| Total Food & Staples Retailing | 2,050,063 | ||||
| Food Products – 1.5% | |||||
| Archer-Daniels-Midland Co. |
7,522 | 208,961 | |||
| Campbell Soup Co. |
2,047 | 56,006 | |||
| ConAgra Foods, Inc. |
2,719 | 45,869 | |||
| General Mills, Inc. |
1,670 | 83,300 | |||
| H.J. Heinz Co. |
2,028 | 67,046 | |||
| Hershey Co. (The) |
808 | 28,078 | |||
| Hormel Foods Corp. |
837 | 26,541 | |||
| J.M. Smucker Co. (The) |
358 | 13,343 | |||
| Kellogg Co. |
2,407 | 88,168 | |||
| Kraft Foods, Inc. Class A |
8,262 | 184,160 | |||
| McCormick & Co., Inc. |
769 | 22,739 | |||
| Sara Lee Corp. |
5,650 | 45,652 | |||
| Tyson Foods, Inc. Class A |
869 | 8,160 | |||
| Total Food Products | 878,023 | ||||
| Gas Utilities – 0.2% | |||||
| EQT Corp. |
786 | 24,626 | |||
| National Fuel Gas Co. |
791 | 24,260 | |||
| Oneok, Inc. |
1,119 | 25,323 | |||
| Questar Corp. |
1,824 | 53,680 | |||
| Total Gas Utilities | 127,889 | ||||
| Investments | Shares | Value | |||
| Health Care Equipment & Supplies – 1.6% | |||||
| Baxter International, Inc. |
3,372 | $ | 172,714 | ||
| Beckman Coulter, Inc. |
340 | 17,343 | |||
| Becton Dickinson & Co. |
1,511 | 101,600 | |||
| Boston Scientific Corp.* |
6,917 | 54,990 | |||
| C.R. Bard, Inc. |
414 | 33,004 | |||
| DENTSPLY International, Inc. |
996 | 26,743 | |||
| Edwards Lifesciences Corp.* |
221 | 13,399 | |||
| Hospira, Inc.* |
939 | 28,978 | |||
| Intuitive Surgical, Inc.*(a) |
141 | 13,446 | |||
| Medtronic, Inc. |
7,484 | 220,553 | |||
| Resmed, Inc.* |
273 | 9,648 | |||
| St. Jude Medical, Inc.* |
1,938 | 70,408 | |||
| Stryker Corp. |
2,609 | 88,810 | |||
| Varian Medical Systems, Inc.* |
734 | 22,343 | |||
| Zimmer Holdings, Inc.* |
2,071 | 75,591 | |||
| Total Health Care Equipment & Supplies | 949,570 | ||||
| Health Care Providers & Services – 2.5% | |||||
| Aetna, Inc. |
6,842 | 166,466 | |||
| AmerisourceBergen Corp. |
1,209 | 39,486 | |||
| Cardinal Health, Inc. |
3,481 | 109,582 | |||
| Cigna Corp. |
5,367 | 94,405 | |||
| DaVita, Inc.* |
654 | 28,743 | |||
| Express Scripts, Inc.* |
1,123 | 51,849 | |||
| Henry Schein, Inc.* |
698 | 27,927 | |||
| Humana, Inc.* |
2,036 | 53,099 | |||
| Laboratory Corp. of America Holdings* |
646 | 37,785 | |||
| McKesson Corp. |
2,547 | 89,247 | |||
| Medco Health Solutions, Inc.* |
2,271 | 93,883 | |||
| Omnicare, Inc. |
555 | 13,592 | |||
| Quest Diagnostics, Inc. |
1,132 | 53,747 | |||
| UnitedHealth Group, Inc. |
14,549 | 304,511 | |||
| WellPoint, Inc.* |
7,900 | 299,963 | |||
| Total Health Care Providers & Services | 1,464,285 | ||||
| Health Care Technology – 0.0% | |||||
| Cerner Corp.*(a) |
382 | 16,797 | |||
| Hotels, Restaurants & Leisure – 1.1% | |||||
| Burger King Holdings, Inc. |
841 | 19,301 | |||
| Darden Restaurants, Inc. |
1,281 | 43,887 | |||
| International Game Technology |
2,562 | 23,622 | |||
| Marriott International, Inc. Class A |
2,905 | 47,526 | |||
| McDonald’s Corp. |
6,359 | 347,010 | |||
| MGM Mirage*(a) |
2,510 | 5,848 | |||
| Starbucks Corp.* |
2,888 | 32,086 | |||
| Starwood Hotels & Resorts Worldwide, Inc. |
2,224 | 28,245 | |||
| Wynn Resorts Ltd.*(a) |
814 | 16,255 | |||
| Yum! Brands, Inc. |
2,750 | 75,570 | |||
| Total Hotels, Restaurants & Leisure | 639,350 | ||||
| Household Durables – 0.2% | |||||
| Black & Decker Corp. |
919 | 29,004 | |||
| Fortune Brands, Inc. |
1,680 | 41,244 | |||
| Newell Rubbermaid, Inc. |
2,893 | 18,457 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| Whirlpool Corp. |
1,109 | $ | 32,815 | ||
| Total Household Durables | 121,520 | ||||
| Household Products – 1.9% | |||||
| Church & Dwight Co., Inc. |
312 | 16,296 | |||
| Clorox Co. |
819 | 42,162 | |||
| Colgate-Palmolive Co. |
2,724 | 160,662 | |||
| Energizer Holdings, Inc.* |
615 | 30,559 | |||
| Kimberly-Clark Corp. |
3,125 | 144,094 | |||
| Procter & Gamble Co. (The) |
16,281 | 766,672 | |||
| Total Household Products | 1,160,445 | ||||
| Independent Power Producers & Energy Traders – 0.3% |
|||||
| AES Corp. (The)* |
8,038 | 46,701 | |||
| Constellation Energy Group, Inc. |
1,113 | 22,995 | |||
| Mirant Corp.* |
2,681 | 30,563 | |||
| NRG Energy, Inc.* |
3,500 | 61,600 | |||
| Total Independent Power Producers & Energy Traders | 161,859 | ||||
| Industrial Conglomerates – 2.3% | |||||
| 3M Co. |
5,720 | 284,398 | |||
| General Electric Co. |
103,445 | 1,045,829 | |||
| Textron, Inc. |
5,432 | 31,180 | |||
| Total Industrial Conglomerates | 1,361,407 | ||||
| Insurance – 3.7% | |||||
| Allstate Corp. (The) |
6,947 | 133,035 | |||
| American Family Life Assurance Co., Inc. |
3,551 | 68,747 | |||
| AON Corp. |
1,259 | 51,392 | |||
| Assurant, Inc. |
2,223 | 48,417 | |||
| Berkshire Hathaway, Inc. Class A* |
5 | 433,500 | |||
| Brown & Brown, Inc. |
748 | 14,145 | |||
| Chubb Corp. |
3,833 | 162,213 | |||
| Cincinnati Financial Corp. |
1,282 | 29,319 | |||
| CNA Financial Corp. |
4,601 | 42,145 | |||
| HCC Insurance Holdings, Inc. |
1,204 | 30,329 | |||
| Lincoln National Corp. |
6,131 | 41,016 | |||
| Loews Corp. |
5,457 | 120,600 | |||
| Markel Corp.* |
62 | 17,601 | |||
| Marsh & McLennan Cos., Inc. |
1,338 | 27,095 | |||
| Metlife, Inc. |
10,160 | 231,343 | |||
| Odyssey Re Holdings Corp. |
232 | 8,800 | |||
| Principal Financial Group, Inc. |
4,190 | 34,274 | |||
| Progressive Corp. (The)* |
5,558 | 74,700 | |||
| Prudential Financial, Inc. |
7,311 | 139,055 | |||
| Reinsurance Group of America, Inc.* |
1,223 | 39,613 | |||
| Torchmark Corp. |
1,102 | 28,906 | |||
| Transatlantic Holdings, Inc. |
920 | 32,816 | |||
| Travelers Cos., Inc. (The) |
6,913 | 280,944 | |||
| Unum Group |
4,446 | 55,575 | |||
| W.R. Berkley Corp. |
1,759 | 39,665 | |||
| Total Insurance | 2,185,245 | ||||
| Internet & Catalog Retail – 0.2% | |||||
| Amazon.com, Inc.* |
1,007 | 73,954 | |||
| priceline.com, Inc.*(a) |
248 | 19,537 | |||
| Total Internet & Catalog Retail | 93,491 | ||||
| Investments | Shares | Value | |||
| Internet Software & Services – 1.2% | |||||
| eBay, Inc.* |
11,649 | $ | 146,311 | ||
| Google, Inc. Class A* |
1,443 | 502,251 | |||
| VeriSign, Inc.* |
102 | 1,925 | |||
| Yahoo!, Inc.* |
3,788 | 48,524 | |||
| Total Internet Software & Services | 699,011 | ||||
| IT Services – 1.3% | |||||
| Affiliated Computer Services, Inc. Class A* |
750 | 35,917 | |||
| Alliance Data Systems Corp.*(a) |
469 | 17,329 | |||
| Automatic Data Processing, Inc. |
2,863 | 100,663 | |||
| Cognizant Technology Solutions Corp. Class A* |
2,131 | 44,303 | |||
| Computer Sciences Corp.* |
2,502 | 92,174 | |||
| Fidelity National Information Services, Inc. |
831 | 15,124 | |||
| Fiserv, Inc.* |
984 | 35,877 | |||
| Global Payments, Inc. |
487 | 16,271 | |||
| Hewitt Associates, Inc. Class A* |
555 | 16,517 | |||
| Mastercard, Inc. Class A |
783 | 131,137 | |||
| Paychex, Inc. |
1,928 | 49,492 | |||
| SAIC, Inc.* |
1,988 | 37,116 | |||
| Total System Services, Inc. |
1,519 | 20,977 | |||
| Visa, Inc. Class A |
1,853 | 103,027 | |||
| Western Union Co. (The) |
5,902 | 74,188 | |||
| Total IT Services | 790,112 | ||||
| Leisure Equipment & Products – 0.1% | |||||
| Hasbro, Inc. |
1,073 | 26,900 | |||
| Mattel, Inc. |
3,251 | 37,484 | |||
| Total Leisure Equipment & Products | 64,384 | ||||
| Life Sciences Tools & Services – 0.3% | |||||
| Illumina, Inc.* |
181 | 6,740 | |||
| Millipore Corp.* |
283 | 16,247 | |||
| Pharmaceutical Product Development, Inc. |
636 | 15,086 | |||
| Thermo Fisher Scientific, Inc.* |
2,545 | 90,780 | |||
| Waters Corp.* |
788 | 29,117 | |||
| Total Life Sciences Tools & Services | 157,970 | ||||
| Machinery – 1.9% | |||||
| Caterpillar, Inc. |
7,860 | 219,766 | |||
| Cummins, Inc. |
3,170 | 80,676 | |||
| Danaher Corp. |
2,239 | 121,399 | |||
| Deere & Co. |
4,504 | 148,046 | |||
| Donaldson Co., Inc. |
478 | 12,830 | |||
| Dover Corp. |
2,038 | 53,762 | |||
| Eaton Corp. |
2,461 | 90,712 | |||
| Flowserve Corp. |
709 | 39,789 | |||
| Illinois Tool Works, Inc. |
5,003 | 154,343 | |||
| ITT Corp. |
1,430 | 55,012 | |||
| PACCAR, Inc. |
3,660 | 94,282 | |||
| Pall Corp. |
624 | 12,748 | |||
| Parker Hannifin Corp. |
2,317 | 78,732 | |||
| Total Machinery | 1,162,097 | ||||
| Media – 2.8% | |||||
| Cablevision Systems Corp. Class A |
1,599 | 20,691 | |||
| Clear Channel Outdoor Holdings, Inc. Class A* |
4,469 | 16,401 | |||
See Notes to Financial Statements.
| 30 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| Comcast Corp. Class A |
14,994 | $ | 204,518 | ||
| DIRECTV Group, Inc. (The)* |
5,963 | 135,897 | |||
| DISH Network Corp. Class A* |
7,610 | 84,547 | |||
| McGraw-Hill Cos., Inc. (The) |
3,009 | 68,816 | |||
| News Corp. Class A |
55,049 | 364,424 | |||
| Scripps Networks Interactive, Inc. Class A* |
830 | 18,683 | |||
| Time Warner Cable, Inc. Class A*(a) |
4,394 | 108,971 | |||
| Time Warner, Inc.* |
10,722 | 206,935 | |||
| Viacom, Inc. Class B* |
8,310 | 144,428 | |||
| Walt Disney Co. (The) |
16,915 | 307,177 | |||
| Washington Post Co. (The) Class B |
34 | 12,141 | |||
| Total Media | 1,693,629 | ||||
| Metals & Mining – 1.6% | |||||
| Alcoa, Inc. |
15,272 | 112,096 | |||
| Cliffs Natural Resources, Inc. |
1,641 | 29,801 | |||
| Freeport-McMoRan Copper & Gold, Inc. |
9,405 | 358,425 | |||
| Newmont Mining Corp. |
2,460 | 110,110 | |||
| Nucor Corp. |
3,988 | 152,222 | |||
| Southern Copper Corp.(a) |
9,882 | 172,144 | |||
| Total Metals & Mining | 934,798 | ||||
| Multiline Retail – 0.9% | |||||
| Dollar Tree, Inc.* |
450 | 20,047 | |||
| Family Dollar Stores, Inc. |
813 | 27,130 | |||
| J.C. Penney Co., Inc. |
2,974 | 59,688 | |||
| Kohl’s Corp.* |
2,310 | 97,759 | |||
| Macy’s, Inc. |
6,714 | 59,755 | |||
| Sears Holdings Corp.*(a) |
608 | 27,792 | |||
| Target Corp. |
6,625 | 227,834 | |||
| Total Multiline Retail | 520,005 | ||||
| Multi-Utilities – 1.4% | |||||
| Alliant Energy Corp. |
868 | 21,431 | |||
| Ameren Corp. |
1,857 | 43,064 | |||
| Centerpoint Energy, Inc. |
3,877 | 40,437 | |||
| Consolidated Edison, Inc. |
1,544 | 61,158 | |||
| Dominion Resources, Inc. |
4,643 | 143,886 | |||
| DTE Energy Co. |
1,491 | 41,301 | |||
| Integrys Energy Group, Inc. |
428 | 11,145 | |||
| MDU Resources Group, Inc. |
1,669 | 26,938 | |||
| NiSource, Inc. |
2,260 | 22,148 | |||
| NSTAR |
599 | 19,096 | |||
| PG&E Corp. |
2,295 | 87,715 | |||
| Public Service Enterprise Group, Inc. |
3,012 | 88,764 | |||
| SCANA Corp. |
857 | 26,473 | |||
| Sempra Energy |
2,205 | 101,959 | |||
| TECO Energy, Inc. |
1,310 | 14,606 | |||
| Wisconsin Energy Corp. |
185 | 7,616 | |||
| Xcel Energy, Inc. |
2,973 | 55,387 | |||
| Total Multi-Utilities | 813,124 | ||||
| Office Electronics – 0.1% | |||||
| Xerox Corp. |
12,685 | 57,717 | |||
| Oil, Gas & Consumable Fuels – 17.7% | |||||
| Anadarko Petroleum Corp. |
5,360 | 208,450 | |||
| Investments | Shares | Value | |||
| Apache Corp. |
5,749 | $ | 368,453 | ||
| Cabot Oil & Gas Corp. |
708 | 16,688 | |||
| Chesapeake Energy Corp. |
9,216 | 157,225 | |||
| Chevron Corp. |
28,163 | 1,893,680 | |||
| CNX Gas Corp.* |
641 | 15,198 | |||
| ConocoPhillips |
31,342 | 1,227,353 | |||
| Consol Energy, Inc. |
595 | 15,018 | |||
| Devon Energy Corp. |
6,373 | 284,809 | |||
| El Paso Corp. |
11,255 | 70,344 | |||
| EOG Resources, Inc. |
2,912 | 159,461 | |||
| Exxon Mobil Corp. |
55,659 | 3,790,378 | |||
| Hess Corp. |
5,085 | 275,607 | |||
| Marathon Oil Corp. |
14,168 | 372,477 | |||
| Murphy Oil Corp. |
3,428 | 153,471 | |||
| Newfield Exploration Co.* |
1,685 | 38,249 | |||
| Noble Energy, Inc. |
2,443 | 131,629 | |||
| Occidental Petroleum Corp. |
12,278 | 683,271 | |||
| Peabody Energy Corp. |
3,001 | 75,145 | |||
| PetroHawk Energy Corp.* |
866 | 16,653 | |||
| Range Resources Corp. |
706 | 29,059 | |||
| Southwestern Energy Co.* |
1,653 | 49,078 | |||
| Spectra Energy Corp. |
7,067 | 99,927 | |||
| Sunoco, Inc. |
1,281 | 33,921 | |||
| Valero Energy Corp. |
10,019 | 179,340 | |||
| Williams Cos., Inc. (The) |
8,921 | 101,521 | |||
| XTO Energy, Inc. |
4,780 | 146,364 | |||
| Total Oil, Gas & Consumable Fuels | 10,592,769 | ||||
| Paper & Forest Products – 0.1% | |||||
| International Paper Co. |
5,730 | 40,339 | |||
| Personal Products – 0.2% | |||||
| Avon Products, Inc. |
3,133 | 60,248 | |||
| Estee Lauder Cos., Inc. (The) Class A |
1,437 | 35,422 | |||
| Total Personal Products | 95,670 | ||||
| Pharmaceuticals – 6.1% | |||||
| Abbott Laboratories |
7,613 | 363,140 | |||
| Allergan, Inc. |
1,442 | 68,870 | |||
| Bristol-Myers Squibb Co. |
9,107 | 199,625 | |||
| Eli Lilly & Co. |
8,285 | 276,802 | |||
| Endo Pharmaceuticals Holdings, Inc.* |
886 | 15,665 | |||
| Forest Laboratories, Inc.* |
3,427 | 75,257 | |||
| Johnson & Johnson |
19,237 | 1,011,866 | |||
| Merck & Co., Inc. |
14,913 | 398,923 | |||
| Perrigo Co. |
405 | 10,056 | |||
| Pfizer, Inc. |
56,794 | 773,534 | |||
| Wyeth |
10,789 | 464,359 | |||
| Total Pharmaceuticals | 3,658,097 | ||||
| Professional Services – 0.2% | |||||
| Dun & Bradstreet Corp. |
369 | 28,413 | |||
| Equifax, Inc. |
991 | 24,230 | |||
| FTI Consulting, Inc.* |
268 | 13,261 | |||
| Robert Half International, Inc. |
1,333 | 23,767 | |||
| Total Professional Services | 89,671 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 31 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | |||
| Real Estate Investment Trusts (REITs) – 0.4% | |||||
| AvalonBay Communities, Inc. |
321 | $ | 15,106 | ||
| Boston Properties, Inc. |
438 | 15,343 | |||
| Equity Residential |
356 | 6,533 | |||
| Federal Realty Investment Trust |
160 | 7,360 | |||
| HCP, Inc. |
598 | 10,674 | |||
| Health Care REIT, Inc. |
315 | 9,636 | |||
| Host Hotels & Resorts, Inc. |
5,332 | 20,901 | |||
| Kimco Realty Corp. |
1,553 | 11,834 | |||
| Plum Creek Timber Co., Inc. |
640 | 18,605 | |||
| Public Storage |
910 | 50,278 | |||
| Rayonier, Inc. |
434 | 13,115 | |||
| Simon Property Group, Inc. |
715 | 24,768 | |||
| Ventas, Inc. |
503 | 11,373 | |||
| Vornado Realty Trust |
635 | 21,107 | |||
| Total Real Estate Investment Trusts (REITs) | 236,633 | ||||
| Road & Rail – 0.9% | |||||
| Burlington Northern Santa Fe Corp. |
2,530 | 152,179 | |||
| CSX Corp. |
3,802 | 98,282 | |||
| JB Hunt Transport Services, Inc. |
723 | 17,432 | |||
| Norfolk Southern Corp. |
2,978 | 100,507 | |||
| Union Pacific Corp. |
3,933 | 161,686 | |||
| Total Road & Rail | 530,086 | ||||
| Semiconductors & Semiconductor Equipment – 2.4% | |||||
| Altera Corp. |
1,846 | 32,397 | |||
| Analog Devices, Inc. |
2,402 | 46,287 | |||
| Applied Materials, Inc. |
7,997 | 85,968 | |||
| Broadcom Corp. Class A* |
2,227 | 44,495 | |||
| Intel Corp. |
45,237 | 680,817 | |||
| KLA-Tencor Corp. |
1,263 | 25,260 | |||
| Lam Research Corp.* |
1,170 | 26,641 | |||
| Linear Technology Corp. |
1,537 | 35,320 | |||
| Maxim Integrated Products, Inc. |
2,186 | 28,877 | |||
| MEMC Electronic Materials, Inc.* |
3,726 | 61,442 | |||
| Microchip Technology, Inc. |
1,351 | 28,628 | |||
| National Semiconductor Corp. |
2,607 | 26,774 | |||
| Nvidia Corp.* |
3,617 | 35,664 | |||
| Texas Instruments, Inc. |
14,240 | 235,102 | |||
| Xilinx, Inc. |
1,997 | 38,262 | |||
| Total Semiconductors & Semiconductor Equipment | 1,431,934 | ||||
| Software – 4.2% | |||||
| Adobe Systems, Inc.* |
3,480 | 74,437 | |||
| Ansys, Inc.* |
328 | 8,233 | |||
| Autodesk, Inc.* |
1,804 | 30,325 | |||
| BMC Software, Inc.* |
878 | 28,974 | |||
| CA, Inc. |
3,259 | 57,391 | |||
| Citrix Systems, Inc.* |
668 | 15,124 | |||
| Intuit, Inc.* |
1,653 | 44,631 | |||
| McAfee, Inc.* |
391 | 13,099 | |||
| Microsoft Corp. |
86,849 | 1,595,416 | |||
| Oracle Corp.* |
30,745 | 555,562 | |||
| Salesforce.com, Inc.* |
106 | 3,469 | |||
| Investments | Shares | Value | |||
| Symantec Corp.* |
4,502 | $ | 67,260 | ||
| VMware, Inc. Class A* |
948 | 22,392 | |||
| Total Software | 2,516,313 | ||||
| Specialty Retail – 2.0% | |||||
| Advance Auto Parts, Inc. |
672 | 27,606 | |||
| Autozone, Inc.* |
433 | 70,415 | |||
| Bed Bath & Beyond, Inc.* |
1,776 | 43,956 | |||
| Best Buy Co., Inc. |
4,242 | 161,026 | |||
| GameStop Corp. Class A* |
1,248 | 34,969 | |||
| Gap, Inc. (The) |
6,328 | 82,201 | |||
| Home Depot, Inc. |
10,906 | 256,945 | |||
| Lowe’s Cos., Inc. |
9,570 | 174,653 | |||
| Ltd. Brands, Inc. |
5,043 | 43,874 | |||
| O’Reilly Automotive, Inc.* |
540 | 18,905 | |||
| Ross Stores, Inc. |
916 | 32,866 | |||
| Sherwin-Williams Co. (The) |
829 | 43,083 | |||
| Staples, Inc. |
4,813 | 87,164 | |||
| TJX Cos., Inc. |
4,047 | 103,765 | |||
| Urban Outfitters, Inc.* |
852 | 13,947 | |||
| Total Specialty Retail | 1,195,375 | ||||
| Textiles, Apparel & Luxury Goods – 0.5% | |||||
| Coach, Inc.* |
3,168 | 52,906 | |||
| NIKE, Inc. Class B |
3,181 | 149,157 | |||
| Polo Ralph Lauren Corp. |
901 | 38,067 | |||
| VF Corp. |
1,039 | 59,337 | |||
| Total Textiles, Apparel & Luxury Goods | 299,467 | ||||
| Thrifts & Mortgage Finance – 0.1% | |||||
| Capitol Federal Financial |
99 | 3,743 | |||
| Hudson City Bancorp, Inc. |
2,221 | 25,964 | |||
| New York Community Bancorp, Inc.(a) |
596 | 6,657 | |||
| People’s United Financial, Inc. |
744 | 13,370 | |||
| TFS Financial Corp. |
369 | 4,476 | |||
| Total Thrifts & Mortgage Finance | 54,210 | ||||
| Tobacco – 1.9% | |||||
| Altria Group, Inc. |
26,863 | 430,345 | |||
| Lorillard, Inc.* |
1,311 | 80,941 | |||
| Philip Morris International, Inc. |
15,313 | 544,837 | |||
| Reynolds American, Inc. |
2,757 | 98,811 | |||
| Total Tobacco | 1,154,934 | ||||
| Trading Companies & Distributors – 0.1% | |||||
| Fastenal Co.(a) |
734 | 23,602 | |||
| W.W. Grainger, Inc. |
580 | 40,704 | |||
| Total Trading Companies & Distributors | 64,306 | ||||
| Water Utilities – 0.0% | |||||
| Aqua America, Inc. |
408 | 8,160 | |||
| Wireless Telecommunication Services – 0.2% | |||||
| American Tower Corp. Class A* |
458 | 13,937 | |||
| MetroPCS Communications, Inc.* |
515 | 8,796 | |||
| NII Holdings, Inc.* |
2,382 | 35,730 | |||
| Telephone & Data Systems, Inc. |
1,053 | 27,915 | |||
See Notes to Financial Statements.
| 32 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Earnings 500 Fund
March 31, 2009
| Investments | Shares | Value | ||||
| United States Cellular Corp.* |
692 | $ | 23,071 | |||
| Total Wireless Telecommunication Services | 109,449 | |||||
| TOTAL COMMON STOCKS (Cost: $87,066,790) |
59,116,479 | |||||
| SHORT-TERM INVESTMENT – 0.8% | ||||||
| MONEY MARKET FUND – 0.8% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $491,036) |
491,036 | 491,036 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% | ||||||
| MONEY MARKET FUND – 1.0% | ||||||
| Dreyfus Institutional Preferred Money Market (Cost: $578,044)(d) |
578,044 | 578,044 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.8% (Cost: $88,135,870) |
60,185,559 | |||||
| Liabilities in Excess of Other Assets – (0.8)% |
(471,968 | ) | ||||
| NET ASSETS – 100.0% | $ | 59,713,591 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $569,174 and the total market value of the collateral held by the Fund was $578,044. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 33 |
Table of Contents
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.5% | |||||
| Aerospace & Defense – 1.9% | |||||
| Aerovironment, Inc.* |
126 | $ | 2,633 | ||
| Axsys Technologies, Inc.* |
88 | 3,699 | |||
| BE Aerospace, Inc.* |
4,849 | 42,041 | |||
| Ceradyne, Inc.* |
1,139 | 20,650 | |||
| Cubic Corp. |
278 | 7,042 | |||
| Curtiss-Wright Corp. |
663 | 18,597 | |||
| DynCorp International, Inc. Class A* |
751 | 10,011 | |||
| Esterline Technologies Corp.* |
509 | 10,277 | |||
| HEICO Corp. |
294 | 7,144 | |||
| Hexcel Corp.* |
2,393 | 15,722 | |||
| Moog, Inc. Class A* |
732 | 16,741 | |||
| Orbital Sciences Corp.* |
730 | 8,680 | |||
| Spirit Aerosystems Holdings, Inc. Class A* |
7,176 | 71,545 | |||
| Stanley, Inc.* |
198 | 5,027 | |||
| Teledyne Technologies, Inc.* |
491 | 13,100 | |||
| TransDigm Group, Inc.* |
806 | 26,469 | |||
| Total Aerospace & Defense | 279,378 | ||||
| Air Freight & Logistics – 0.1% | |||||
| Forward Air Corp. |
416 | 6,752 | |||
| HUB Group, Inc. Class A* |
515 | 8,755 | |||
| Total Air Freight & Logistics | 15,507 | ||||
| Airlines – 0.2% | |||||
| Allegiant Travel Co.*(a) |
96 | 4,364 | |||
| Skywest, Inc. |
1,517 | 18,872 | |||
| Total Airlines | 23,236 | ||||
| Auto Components – 1.3% | |||||
| Autoliv, Inc. |
2,757 | 51,197 | |||
| Gentex Corp. |
2,359 | 23,496 | |||
| Goodyear Tire & Rubber Co. (The)* |
11,066 | 69,273 | |||
| WABCO Holdings, Inc. |
2,991 | 36,819 | |||
| Total Auto Components | 180,785 | ||||
| Automobiles – 0.2% | |||||
| Thor Industries, Inc. |
1,419 | 22,165 | |||
| Beverages – 0.4% | |||||
| Central European Distribution Corp.* |
886 | 9,533 | |||
| PepsiAmericas, Inc. |
2,483 | 42,832 | |||
| Total Beverages | 52,365 | ||||
| Biotechnology – 0.5% | |||||
| Alkermes, Inc.* |
417 | 5,058 | |||
| BioMarin Pharmaceutical, Inc.*(a) |
107 | 1,321 | |||
| Cubist Pharmaceuticals, Inc.* |
444 | 7,264 | |||
| Emergent Biosolutions, Inc.* |
389 | 5,255 | |||
| Martek Biosciences Corp.* |
307 | 5,603 | |||
| Onyx Pharmaceuticals, Inc.* |
127 | 3,626 | |||
| OSI Pharmaceuticals, Inc.* |
682 | 26,093 | |||
| PDL BioPharma, Inc.* |
707 | 5,006 | |||
| United Therapeutics Corp.* |
131 | 8,658 | |||
| Total Biotechnology | 67,884 | ||||
| Investments | Shares | Value | |||
| Building Products – 0.3% | |||||
| Armstrong World Industries, Inc. |
1,209 | $ | 13,311 | ||
| Lennox International, Inc. |
1,047 | 27,704 | |||
| Simpson Manufacturing Co., Inc. |
412 | 7,424 | |||
| Total Building Products | 48,439 | ||||
| Capital Markets – 2.3% | |||||
| Affiliated Managers Group, Inc.* |
795 | 33,159 | |||
| Apollo Investment Corp. |
4,437 | 15,441 | |||
| Eaton Vance Corp. |
1,906 | 43,552 | |||
| Federated Investors, Inc. Class B |
2,250 | 50,085 | |||
| GAMCO Investors, Inc. Class A |
464 | 15,149 | |||
| Greenhill & Co., Inc. |
187 | 13,810 | |||
| Investment Technology Group, Inc.* |
1,059 | 27,026 | |||
| Janus Capital Group, Inc. |
5,304 | 35,272 | |||
| Knight Capital Group, Inc. Class A* |
1,890 | 27,859 | |||
| optionsXpress Holdings, Inc. |
1,582 | 17,987 | |||
| Stifel Financial Corp.* |
230 | 9,961 | |||
| Waddell & Reed Financial, Inc. Class A |
1,973 | 35,652 | |||
| Total Capital Markets | 324,953 | ||||
| Chemicals – 5.9% | |||||
| Albemarle Corp. |
2,439 | 53,097 | |||
| Arch Chemicals, Inc. |
546 | 10,352 | |||
| Cabot Corp. |
1,025 | 10,773 | |||
| Calgon Carbon Corp.* |
336 | 4,761 | |||
| Celanese Corp. Series A |
11,649 | 155,747 | |||
| Cytec Industries, Inc. |
1,963 | 29,484 | |||
| Eastman Chemical Co. |
2,851 | 76,407 | |||
| H.B. Fuller Co. |
1,294 | 16,822 | |||
| Huntsman Corp. |
4,504 | 14,098 | |||
| International Flavors & Fragrances, Inc. |
1,508 | 45,934 | |||
| Lubrizol Corp. |
1,562 | 53,124 | |||
| Minerals Technologies, Inc. |
267 | 8,557 | |||
| Nalco Holding Co. |
2,615 | 34,178 | |||
| Olin Corp. |
1,956 | 27,912 | |||
| RPM International, Inc. |
3,590 | 45,701 | |||
| Scotts Miracle-Gro Co. (The) Class A |
296 | 10,271 | |||
| Sensient Technologies Corp. |
793 | 18,635 | |||
| Terra Industries, Inc. |
6,488 | 182,248 | |||
| Valspar Corp. (The) |
1,570 | 31,353 | |||
| Westlake Chemical Corp. |
1,208 | 17,673 | |||
| Total Chemicals | 847,127 | ||||
| Commercial Banks – 3.2% | |||||
| BancorpSouth, Inc. |
1,244 | 25,925 | |||
| Bank of Hawaii Corp. |
921 | 30,375 | |||
| CapitalSource, Inc. |
2,267 | 2,766 | |||
| Cathay General Bancorp |
777 | 8,104 | |||
| City National Corp. |
637 | 21,511 | |||
| Community Bank System, Inc. |
398 | 6,667 | |||
| CVB Financial Corp.(a) |
1,201 | 7,963 | |||
| First Bancorp |
1,071 | 4,562 | |||
| First Citizens BancShares, Inc. Class A |
141 | 18,584 | |||
| First Commonwealth Financial Corp. |
797 | 7,069 | |||
See Notes to Financial Statements.
| 34 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| First Financial Bankshares, Inc. |
198 | $ | 9,538 | ||
| First Midwest Bancorp, Inc. |
741 | 6,365 | |||
| FirstMerit Corp. |
1,169 | 21,276 | |||
| FNB Corp.(a) |
1,133 | 8,690 | |||
| Fulton Financial Corp. |
2,756 | 18,272 | |||
| Glacier Bancorp, Inc. |
755 | 11,861 | |||
| Hancock Holding Co. |
352 | 11,011 | |||
| Iberiabank Corp. |
182 | 8,361 | |||
| International Bancshares Corp. |
1,286 | 10,031 | |||
| Investors Bancorp, Inc.* |
292 | 2,473 | |||
| MB Financial, Inc. |
356 | 4,842 | |||
| National Penn Bancshares, Inc. |
1,216 | 10,093 | |||
| NBT Bancorp, Inc. |
395 | 8,548 | |||
| Old National Bancorp |
949 | 10,600 | |||
| Pacific Capital Bancorp NA |
669 | 4,529 | |||
| PacWest Bancorp |
309 | 4,428 | |||
| Park National Corp. |
199 | 11,094 | |||
| Prosperity Bancshares, Inc. |
558 | 15,261 | |||
| S&T Bancorp, Inc.(a) |
327 | 6,936 | |||
| Signature Bank* |
200 | 5,646 | |||
| Susquehanna Bancshares, Inc. |
1,097 | 10,235 | |||
| SVB Financial Group* |
802 | 16,048 | |||
| TCF Financial Corp.(a) |
2,487 | 29,247 | |||
| Trustmark Corp.(a) |
894 | 16,432 | |||
| UMB Financial Corp. |
400 | 16,996 | |||
| Umpqua Holdings Corp. |
781 | 7,076 | |||
| United Bankshares, Inc.(a) |
513 | 8,844 | |||
| WesBanco, Inc. |
365 | 8,333 | |||
| Westamerica Bancorp. |
240 | 10,934 | |||
| Whitney Holding Corp. |
1,000 | 11,450 | |||
| Wilmington Trust Corp. |
773 | 7,490 | |||
| Total Commercial Banks | 466,466 | ||||
| Commercial Services & Supplies – 1.8% | |||||
| ABM Industries, Inc. |
588 | 9,643 | |||
| Brink’s Co. (The) |
1,722 | 45,564 | |||
| Clean Harbors, Inc.* |
181 | 8,688 | |||
| Copart, Inc.* |
1,138 | 33,753 | |||
| Corrections Corp. of America* |
1,795 | 22,994 | |||
| Geo Group, Inc. (The)* |
551 | 7,301 | |||
| Healthcare Services Group |
362 | 5,419 | |||
| Herman Miller, Inc. |
2,072 | 22,088 | |||
| Mine Safety Appliances Co. |
499 | 9,990 | |||
| Rollins, Inc. |
834 | 14,303 | |||
| Steelcase, Inc. Class A |
3,628 | 18,176 | |||
| SYKES Enterprises, Inc.* |
702 | 11,674 | |||
| Tetra Tech, Inc.* |
526 | 10,720 | |||
| United Stationers, Inc.* |
617 | 17,325 | |||
| Waste Connections, Inc.* |
685 | 17,605 | |||
| Total Commercial Services & Supplies | 255,243 | ||||
| Communications Equipment – 1.3% | |||||
| 3Com Corp.* |
2,408 | 7,441 | |||
| ADC Telecommunications, Inc.* |
2,377 | 10,435 | |||
| Adtran, Inc. |
1,101 | 17,847 | |||
| Investments | Shares | Value | |||
| Arris Group, Inc.* |
1,508 | $ | 11,114 | ||
| Avocent Corp.* |
348 | 4,225 | |||
| Brocade Communications Systems, Inc.* |
10,493 | 36,201 | |||
| CommScope, Inc.* |
2,000 | 22,720 | |||
| Comtech Telecommunications Corp.* |
320 | 7,926 | |||
| F5 Networks, Inc.* |
653 | 13,680 | |||
| Infinera Corp.* |
1,826 | 13,512 | |||
| InterDigital, Inc.* |
202 | 5,216 | |||
| Polycom, Inc.* |
1,162 | 17,883 | |||
| Starent Networks Corp.* |
861 | 13,613 | |||
| Tekelec* |
697 | 9,221 | |||
| Total Communications Equipment | 191,034 | ||||
| Computers & Peripherals – 1.3% | |||||
| Data Domain, Inc.*(a) |
83 | 1,043 | |||
| Diebold, Inc. |
753 | 16,076 | |||
| Intermec, Inc.* |
684 | 7,114 | |||
| Lexmark International, Inc. Class A* |
2,286 | 38,565 | |||
| NCR Corp.* |
3,866 | 30,735 | |||
| QLogic Corp.* |
1,893 | 21,050 | |||
| Synaptics, Inc.*(a) |
478 | 12,791 | |||
| Teradata Corp.* |
3,332 | 54,045 | |||
| Total Computers & Peripherals | 181,419 | ||||
| Construction & Engineering – 1.0% | |||||
| EMCOR Group, Inc.* |
1,631 | 28,004 | |||
| Granite Construction, Inc. |
488 | 18,290 | |||
| KBR, Inc. |
3,393 | 46,857 | |||
| Perini Corp.* |
1,012 | 12,448 | |||
| Shaw Group, Inc. (The)* |
1,305 | 35,770 | |||
| Total Construction & Engineering | 141,369 | ||||
| Construction Materials – 0.1% | |||||
| Eagle Materials, Inc. |
455 | 11,034 | |||
| Texas Industries, Inc. |
352 | 8,800 | |||
| Total Construction Materials | 19,834 | ||||
| Consumer Finance – 0.3% | |||||
| AmeriCredit Corp.*(a) |
85 | 498 | |||
| Cash America International, Inc. |
663 | 10,383 | |||
| Ezcorp, Inc. Class A* |
600 | 6,942 | |||
| Student Loan Corp. (The) |
583 | 25,325 | |||
| Total Consumer Finance | 43,148 | ||||
| Containers & Packaging – 1.4% | |||||
| Aptargroup, Inc. |
907 | 28,244 | |||
| Greif, Inc. Class A |
1,152 | 38,350 | |||
| Packaging Corp. of America |
2,228 | 29,008 | |||
| Rock-Tenn Co. Class A |
481 | 13,011 | |||
| Sealed Air Corp. |
2,992 | 41,290 | |||
| Silgan Holdings, Inc. |
506 | 26,585 | |||
| Sonoco Products Co. |
1,110 | 23,288 | |||
| Total Containers & Packaging | 199,776 | ||||
| Distributors – 0.2% | |||||
| LKQ Corp.* |
2,138 | 30,509 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Diversified Consumer Services – 0.9% | |||||
| American Public Education, Inc.* |
74 | $ | 3,112 | ||
| Capella Education Co.* |
93 | 4,929 | |||
| Career Education Corp.* |
780 | 18,689 | |||
| Corinthian Colleges, Inc.* |
464 | 9,025 | |||
| Matthews International Corp. Class A |
417 | 12,014 | |||
| Service Corp. International |
9,701 | 33,857 | |||
| Sotheby’s(a) |
3,071 | 27,639 | |||
| Weight Watchers International, Inc. |
1,335 | 24,764 | |||
| Total Diversified Consumer Services | 134,029 | ||||
| Diversified Telecommunication Services – 0.0% | |||||
| NTELOS Holdings Corp. |
388 | 7,038 | |||
| Electric Utilities – 1.6% | |||||
| ALLETE, Inc. |
536 | 14,306 | |||
| Cleco Corp. |
905 | 19,629 | |||
| DPL, Inc. |
2,083 | 46,951 | |||
| El Paso Electric Co.* |
900 | 12,681 | |||
| Great Plains Energy, Inc. |
1,746 | 23,519 | |||
| Hawaiian Electric Industries, Inc. |
1,019 | 14,001 | |||
| IDACORP, Inc. |
669 | 15,628 | |||
| ITC Holdings Corp. |
484 | 21,112 | |||
| MGE Energy, Inc. |
328 | 10,289 | |||
| Portland General Electric Co. |
949 | 16,693 | |||
| UIL Holdings Corp. |
336 | 7,499 | |||
| Unisource Energy Corp. |
99 | 2,791 | |||
| Westar Energy, Inc. |
1,819 | 31,887 | |||
| Total Electric Utilities | 236,986 | ||||
| Electrical Equipment – 2.0% | |||||
| A.O. Smith Corp. |
604 | 15,209 | |||
| Acuity Brands, Inc. |
870 | 19,610 | |||
| Baldor Electric Co. |
1,167 | 16,910 | |||
| Belden, Inc. |
1,209 | 15,125 | |||
| Brady Corp. Class A |
1,129 | 19,904 | |||
| Energy Conversion Devices, Inc.*(a) |
191 | 2,534 | |||
| Franklin Electric Co., Inc. |
318 | 7,037 | |||
| General Cable Corp.* |
2,646 | 52,444 | |||
| GrafTech International Ltd.* |
5,346 | 32,931 | |||
| Hubbell, Inc. Class B |
1,348 | 36,342 | |||
| Regal-Beloit Corp. |
773 | 23,685 | |||
| Thomas & Betts Corp.* |
1,564 | 39,131 | |||
| Woodward Governor Co. |
1,082 | 12,097 | |||
| Total Electrical Equipment | 292,959 | ||||
| Electronic Equipment, Instruments & Components – 3.4% |
|||||
| Anixter International, Inc.* |
1,802 | 57,087 | |||
| Arrow Electronics, Inc.* |
4,193 | 79,919 | |||
| Avnet, Inc.* |
5,185 | 90,789 | |||
| AVX Corp. |
3,415 | 31,008 | |||
| Benchmark Electronics, Inc.* |
1,360 | 15,232 | |||
| Cogent, Inc.* |
575 | 6,843 | |||
| Ingram Micro, Inc. Class A* |
4,320 | 54,605 | |||
| Itron, Inc.* |
92 | 4,356 | |||
| Investments | Shares | Value | |||
| Jabil Circuit, Inc. |
3,872 | $ | 21,528 | ||
| Molex, Inc. |
2,888 | 39,681 | |||
| National Instruments Corp. |
914 | 17,046 | |||
| Rofin-Sinar Technologies, Inc.* |
599 | 9,656 | |||
| Tech Data Corp.* |
1,288 | 28,053 | |||
| Trimble Navigation Ltd.* |
1,405 | 21,468 | |||
| Vishay Intertechnology, Inc.* |
3,376 | 11,749 | |||
| Total Electronic Equipment, Instruments & Components | 489,020 | ||||
| Energy Equipment & Services – 4.4% | |||||
| Atwood Oceanics, Inc.* |
2,949 | 48,924 | |||
| CARBO Ceramics, Inc. |
324 | 9,215 | |||
| Dresser-Rand Group, Inc.* |
1,910 | 42,211 | |||
| Dril-Quip, Inc.* |
1,193 | 36,625 | |||
| Exterran Holdings, Inc.* |
1,533 | 24,559 | |||
| Gulfmark Offshore, Inc.* |
1,046 | 24,957 | |||
| Lufkin Industries, Inc. |
437 | 16,554 | |||
| Oceaneering International, Inc.* |
1,444 | 53,240 | |||
| Oil States International, Inc.* |
2,838 | 38,086 | |||
| Patterson-UTI Energy, Inc. |
6,527 | 58,482 | |||
| Rowan Cos., Inc. |
5,759 | 68,935 | |||
| RPC, Inc. |
1,576 | 10,449 | |||
| SEACOR Holdings, Inc.* |
411 | 23,965 | |||
| Superior Energy Services, Inc.* |
4,045 | 52,140 | |||
| Tidewater, Inc. |
1,725 | 64,049 | |||
| Unit Corp.* |
2,655 | 55,543 | |||
| Total Energy Equipment & Services | 627,934 | ||||
| Food & Staples Retailing – 0.8% | |||||
| BJ’s Wholesale Club, Inc.* |
755 | 24,153 | |||
| Casey’s General Stores, Inc. |
708 | 18,875 | |||
| Ruddick Corp. |
794 | 17,825 | |||
| United Natural Foods, Inc.* |
598 | 11,344 | |||
| Weis Markets, Inc. |
253 | 7,853 | |||
| Whole Foods Market, Inc.(a) |
2,077 | 34,894 | |||
| Winn-Dixie Stores, Inc.* |
132 | 1,262 | |||
| Total Food & Staples Retailing | 116,206 | ||||
| Food Products – 1.3% | |||||
| Corn Products International, Inc. |
1,714 | 36,337 | |||
| Dean Foods Co.* |
1,802 | 32,580 | |||
| Del Monte Foods Co. |
2,653 | 19,341 | |||
| Flowers Foods, Inc. |
894 | 20,991 | |||
| Green Mountain Coffee Roasters, Inc.*(a) |
129 | 6,192 | |||
| Lancaster Colony Corp. |
291 | 12,071 | |||
| Ralcorp Holdings, Inc.* |
571 | 30,766 | |||
| Smithfield Foods, Inc.*(a) |
783 | 7,407 | |||
| Tootsie Roll Industries, Inc. |
338 | 7,341 | |||
| TreeHouse Foods, Inc.* |
284 | 8,176 | |||
| Trian Acquisition I Corp.* |
268 | 2,495 | |||
| Total Food Products | 183,697 | ||||
| Gas Utilities – 2.2% | |||||
| AGL Resources, Inc. |
1,386 | 36,771 | |||
| Atmos Energy Corp. |
1,594 | 36,853 | |||
See Notes to Financial Statements.
| 36 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Energen Corp. |
2,315 | $ | 67,436 | ||
| Laclede Group, Inc. (The) |
235 | 9,160 | |||
| New Jersey Resources Corp. |
609 | 20,694 | |||
| Nicor, Inc. |
654 | 21,732 | |||
| Northwest Natural Gas Co. |
292 | 12,679 | |||
| Piedmont Natural Gas Co., Inc. |
727 | 18,822 | |||
| South Jersey Industries, Inc. |
387 | 13,545 | |||
| Southwest Gas Corp. |
565 | 11,905 | |||
| UGI Corp. |
1,816 | 42,876 | |||
| WGL Holdings, Inc. |
699 | 22,927 | |||
| Total Gas Utilities | 315,400 | ||||
| Health Care Equipment & Supplies – 1.3% | |||||
| Conmed Corp.* |
381 | 5,490 | |||
| Gen-Probe, Inc.* |
461 | 21,012 | |||
| Haemonetics Corp.* |
203 | 11,181 | |||
| Hill-Rom Holdings, Inc. |
731 | 7,230 | |||
| Idexx Laboratories, Inc.*(a) |
677 | 23,411 | |||
| Immucor, Inc.* |
591 | 14,864 | |||
| Integra Lifesciences Holdings Corp.* |
89 | 2,201 | |||
| Kinetic Concepts, Inc.* |
2,009 | 42,430 | |||
| Masimo Corp.* |
312 | 9,042 | |||
| Meridian Bioscience, Inc. |
244 | 4,421 | |||
| STERIS Corp. |
818 | 19,043 | |||
| Teleflex, Inc. |
261 | 10,203 | |||
| Thoratec Corp.* |
134 | 3,442 | |||
| West Pharmaceutical Services, Inc. |
373 | 12,238 | |||
| Total Health Care Equipment & Supplies | 186,208 | ||||
| Health Care Providers & Services – 4.0% | |||||
| Amedisys, Inc.*(a) |
391 | 10,749 | |||
| AMERIGROUP Corp.* |
1,041 | 28,669 | |||
| Catalyst Health Solutions, Inc.* |
454 | 8,998 | |||
| Centene Corp.* |
713 | 12,848 | |||
| Chemed Corp. |
367 | 14,276 | |||
| Community Health Systems, Inc.* |
1,246 | 19,114 | |||
| Coventry Health Care, Inc.* |
7,108 | 91,978 | |||
| Emergency Medical Services Corp. Class A* |
450 | 14,125 | |||
| Gentiva Health Services, Inc.* |
614 | 9,333 | |||
| Health Net, Inc.* |
4,133 | 59,846 | |||
| Healthsouth Corp.* |
129 | 1,146 | |||
| Healthspring, Inc.* |
1,248 | 10,446 | |||
| HMS Holdings Corp.* |
132 | 4,343 | |||
| LifePoint Hospitals, Inc.* |
1,175 | 24,511 | |||
| Lincare Holdings, Inc.* |
1,798 | 39,196 | |||
| Magellan Health Services, Inc.* |
483 | 17,601 | |||
| Mednax, Inc.* |
986 | 29,057 | |||
| Owens & Minor, Inc. |
515 | 17,062 | |||
| Patterson Cos., Inc.* |
2,312 | 43,604 | |||
| PSS World Medical, Inc.* |
606 | 8,696 | |||
| Psychiatric Solutions, Inc.* |
702 | 11,042 | |||
| Universal American Corp.* |
2,287 | 19,371 | |||
| Universal Health Services, Inc. Class B |
1,069 | 40,985 | |||
| VCA Antech, Inc.* |
1,480 | 33,374 | |||
| Total Health Care Providers & Services | 570,370 | ||||
| Investments | Shares | Value | |||
| Health Care Technology – 0.7% | |||||
| ATHENAHEALTH, Inc.* |
61 | $ | 1,471 | ||
| Eclipsys Corp.* |
1,503 | 15,240 | |||
| HLTH Corp.* |
4,227 | 43,750 | |||
| IMS Health, Inc. |
2,994 | 37,335 | |||
| MedAssets, Inc.* |
61 | 869 | |||
| Total Health Care Technology | 98,665 | ||||
| Hotels, Restaurants & Leisure – 1.6% | |||||
| Bally Technologies, Inc.* |
996 | 18,346 | |||
| Brinker International, Inc. |
406 | 6,131 | |||
| Chipotle Mexican Grill, Inc. Class A* |
242 | 16,064 | |||
| Choice Hotels International, Inc. |
773 | 19,959 | |||
| International Speedway Corp. Class A |
881 | 19,435 | |||
| Jack In The Box, Inc.* |
713 | 16,606 | |||
| Panera Bread Co. Class A* |
213 | 11,907 | |||
| Penn National Gaming, Inc.* |
1,156 | 27,917 | |||
| Scientific Games Corp. Class A* |
1,053 | 12,752 | |||
| Vail Resorts, Inc.* |
784 | 16,017 | |||
| WMS Industries, Inc.* |
530 | 11,082 | |||
| Wyndham Worldwide Corp. |
11,374 | 47,771 | |||
| Total Hotels, Restaurants & Leisure | 223,987 | ||||
| Household Durables – 1.4% | |||||
| Harman International Industries, Inc. |
1,163 | 15,735 | |||
| Jarden Corp.* |
1,746 | 22,122 | |||
| Leggett & Platt, Inc. |
1,662 | 21,589 | |||
| NVR, Inc.* |
84 | 35,931 | |||
| Snap-On, Inc. |
1,183 | 29,693 | |||
| Stanley Works (The) |
1,915 | 55,765 | |||
| Tupperware Brands Corp. |
1,529 | 25,978 | |||
| Total Household Durables | 206,813 | ||||
| Independent Power Producers & Energy Traders – 0.1% |
|||||
| Dynegy, Inc. Class A* |
4,051 | 5,712 | |||
| Ormat Technologies, Inc. |
301 | 8,265 | |||
| Total Independent Power Producers & Energy Traders | 13,977 | ||||
| Industrial Conglomerates – 0.4% | |||||
| Carlisle Cos., Inc. |
1,676 | 32,900 | |||
| Seaboard Corp. |
32 | 32,320 | |||
| Total Industrial Conglomerates | 65,220 | ||||
| Insurance – 2.4% | |||||
| Alleghany Corp.* |
70 | 19,061 | |||
| American Financial Group, Inc. |
3,472 | 55,726 | |||
| Arthur J. Gallagher & Co. |
1,125 | 19,125 | |||
| Employers Holdings, Inc. |
1,491 | 14,224 | |||
| Erie Indemnity Co. Class A |
892 | 30,488 | |||
| First American Corp. |
217 | 5,753 | |||
| Hanover Insurance Group, Inc. (The) |
857 | 24,699 | |||
| Harleysville Group, Inc. |
464 | 14,760 | |||
| Mercury General Corp. |
825 | 24,502 | |||
| Navigators Group, Inc.* |
279 | 13,163 | |||
| ProAssurance Corp.* |
749 | 34,918 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Reinsurance Group of America, Inc.* |
15 | $ | 486 | ||
| RLI Corp. |
368 | 18,474 | |||
| Selective Insurance Group, Inc. |
893 | 10,859 | |||
| StanCorp Financial Group, Inc. |
1,251 | 28,498 | |||
| State Auto Financial Corp. |
91 | 1,602 | |||
| Unitrin, Inc. |
44 | 615 | |||
| Wesco Financial Corp. |
57 | 15,732 | |||
| Zenith National Insurance Corp. |
784 | 18,902 | |||
| Total Insurance | 351,587 | ||||
| Internet & Catalog Retail – 0.7% | |||||
| Expedia, Inc.* |
7,442 | 67,574 | |||
| Liberty Media Corp. – Interactive A* |
6,640 | 19,256 | |||
| NetFlix, Inc.*(a) |
498 | 21,374 | |||
| Total Internet & Catalog Retail | 108,204 | ||||
| Internet Software & Services – 0.8% | |||||
| Akamai Technologies, Inc.* |
1,745 | 33,853 | |||
| Digital River, Inc.* |
555 | 16,550 | |||
| Earthlink, Inc.* |
5,936 | 39,000 | |||
| Equinix, Inc.* |
30 | 1,684 | |||
| j2 Global Communications, Inc.* |
685 | 14,995 | |||
| WebMD Health Corp. Class A*(a) |
543 | 12,109 | |||
| Total Internet Software & Services | 118,191 | ||||
| IT Services – 1.5% | |||||
| Broadridge Financial Solutions, Inc. |
3,018 | 56,165 | |||
| CACI International, Inc. Class A* |
404 | 14,742 | |||
| DST Systems, Inc.* |
1,258 | 43,552 | |||
| Gartner, Inc.* |
1,147 | 12,629 | |||
| ManTech International Corp. Class A* |
341 | 14,288 | |||
| NeuStar, Inc. Class A* |
1,059 | 17,738 | |||
| Perot Systems Corp. Class A* |
2,038 | 26,249 | |||
| SRA International, Inc. Class A* |
869 | 12,774 | |||
| Syntel, Inc. |
615 | 12,657 | |||
| Total IT Services | 210,794 | ||||
| Leisure Equipment & Products – 0.2% | |||||
| Eastman Kodak Co. |
1,821 | 6,920 | |||
| Polaris Industries, Inc. |
858 | 18,396 | |||
| Pool Corp.(a) |
713 | 9,554 | |||
| Total Leisure Equipment & Products | 34,870 | ||||
| Life Sciences Tools & Services – 1.2% | |||||
| Bio-Rad Laboratories, Inc. Class A* |
329 | 21,681 | |||
| Bruker Corp.* |
2,269 | 13,977 | |||
| Charles River Laboratories International, Inc.* |
1,433 | 38,992 | |||
| Covance, Inc.* |
905 | 32,245 | |||
| Dionex Corp.* |
230 | 10,868 | |||
| Luminex Corp.* |
70 | 1,268 | |||
| PerkinElmer, Inc. |
2,274 | 29,039 | |||
| Techne Corp. |
337 | 18,437 | |||
| Varian, Inc.* |
435 | 10,327 | |||
| Total Life Sciences Tools & Services | 176,834 | ||||
| Machinery – 7.0% | |||||
| Actuant Corp. Class A |
1,442 | 14,896 | |||
| AGCO Corp.* |
3,113 | 61,015 | |||
| Investments | Shares | Value | |||
| Astec Industries, Inc.* |
395 | $ | 10,361 | ||
| Barnes Group, Inc. |
1,588 | 16,976 | |||
| Briggs & Stratton Corp. |
335 | 5,528 | |||
| Bucyrus International, Inc. |
2,263 | 34,352 | |||
| CLARCOR, Inc. |
565 | 14,232 | |||
| Crane Co. |
2,061 | 34,790 | |||
| ESCO Technologies, Inc.* |
241 | 9,327 | |||
| Gardner Denver, Inc.* |
1,638 | 35,610 | |||
| Graco, Inc. |
1,268 | 21,645 | |||
| Harsco Corp. |
2,273 | 50,392 | |||
| IDEX Corp. |
1,419 | 31,034 | |||
| Joy Global, Inc. |
2,696 | 57,425 | |||
| Kaydon Corp. |
447 | 12,217 | |||
| Kennametal, Inc. |
1,945 | 31,528 | |||
| Lincoln Electric Holdings, Inc. |
970 | 30,739 | |||
| Manitowoc Co., Inc. (The) |
6,223 | 20,349 | |||
| Mueller Industries, Inc. |
901 | 19,543 | |||
| Mueller Water Products, Inc. Class A |
1,304 | 4,303 | |||
| Navistar International Corp.* |
3,062 | 102,455 | |||
| Nordson Corp. |
728 | 20,697 | |||
| Pentair, Inc. |
1,641 | 35,560 | |||
| Robbins & Myers, Inc. |
890 | 13,501 | |||
| SPX Corp. |
2,069 | 97,264 | |||
| Terex Corp.* |
7,833 | 72,455 | |||
| Timken Co. |
4,188 | 58,464 | |||
| Toro Co. |
355 | 8,584 | |||
| Trinity Industries, Inc. |
4,003 | 36,587 | |||
| Valmont Industries, Inc. |
411 | 20,636 | |||
| Wabtec Corp. |
588 | 15,511 | |||
| Watts Water Technologies, Inc. Class A |
544 | 10,641 | |||
| Total Machinery | 1,008,617 | ||||
| Marine – 0.3% | |||||
| Alexander & Baldwin, Inc. |
736 | 14,006 | |||
| Kirby Corp.* |
1,127 | 30,023 | |||
| Total Marine | 44,029 | ||||
| Media – 1.8% | |||||
| DreamWorks Animation SKG, Inc. Class A* |
1,499 | 32,438 | |||
| Gannett Co., Inc.(a) |
9,769 | 21,492 | |||
| Hearst-Argyle Television, Inc. |
2,280 | 9,485 | |||
| Interactive Data Corp. |
1,130 | 28,092 | |||
| Interpublic Group of Cos., Inc.* |
11,397 | 46,956 | |||
| John Wiley & Sons, Inc. Class A |
807 | 24,033 | |||
| Lamar Advertising Co. Class A*(a) |
227 | 2,213 | |||
| Marvel Entertainment, Inc.* |
1,053 | 27,957 | |||
| Meredith Corp. |
1,405 | 23,379 | |||
| Morningstar, Inc.*(a) |
563 | 19,226 | |||
| Regal Entertainment Group Class A |
1,295 | 17,366 | |||
| World Wrestling Entertainment, Inc. Class A |
902 | 10,409 | |||
| Total Media | 263,046 | ||||
| Metals & Mining – 3.5% | |||||
| Allegheny Technologies, Inc. |
4,808 | 105,439 | |||
| Carpenter Technology Corp. |
1,462 | 20,643 | |||
| Commercial Metals Co. |
3,672 | 42,412 | |||
See Notes to Financial Statements.
| 38 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Compass Minerals International, Inc. |
437 | $ | 24,634 | ||
| Reliance Steel & Aluminum Co. |
4,668 | 122,908 | |||
| Royal Gold, Inc. |
97 | 4,536 | |||
| Schnitzer Steel Industries, Inc. Class A |
1,409 | 44,229 | |||
| Steel Dynamics, Inc. |
10,860 | 95,677 | |||
| Titanium Metals Corp. |
4,270 | 23,357 | |||
| Worthington Industries, Inc. |
2,475 | 21,557 | |||
| Total Metals & Mining | 505,392 | ||||
| Multiline Retail – 1.3% | |||||
| Big Lots, Inc.* |
1,985 | 41,248 | |||
| Nordstrom, Inc.(a) |
8,344 | 139,762 | |||
| Total Multiline Retail | 181,010 | ||||
| Multi-Utilities – 1.0% | |||||
| Avista Corp. |
751 | 10,349 | |||
| Black Hills Corp. |
544 | 9,732 | |||
| CH Energy Group, Inc. |
195 | 9,146 | |||
| CMS Energy Corp. |
2,378 | 28,156 | |||
| NorthWestern Corp. |
584 | 12,544 | |||
| OGE Energy Corp. |
2,039 | 48,569 | |||
| Vectren Corp. |
1,072 | 22,608 | |||
| Total Multi-Utilities | 141,104 | ||||
| Office Electronics – 0.1% | |||||
| Zebra Technologies Corp. Class A* |
1,081 | 20,561 | |||
| Oil, Gas & Consumable Fuels – 8.1% | |||||
| Alpha Natural Resources, Inc.* |
1,906 | 33,832 | |||
| Arch Coal, Inc. |
4,670 | 62,438 | |||
| Arena Resources, Inc.* |
554 | 14,116 | |||
| Atlas Energy Resources LLC |
2,168 | 22,872 | |||
| Bill Barrett Corp.* |
938 | 20,861 | |||
| Cimarex Energy Co. |
2,087 | 38,359 | |||
| Comstock Resources, Inc.* |
725 | 21,605 | |||
| Contango Oil & Gas Co.* |
264 | 10,349 | |||
| Denbury Resources, Inc.* |
9,572 | 142,240 | |||
| Encore Acquisition Co.* |
1,894 | 44,073 | |||
| Forest Oil Corp.* |
4,747 | 62,423 | |||
| Frontier Oil Corp. |
3,570 | 45,660 | |||
| Goodrich Petroleum Corp.* |
77 | 1,491 | |||
| Holly Corp. |
1,187 | 25,164 | |||
| Mariner Energy, Inc.* |
6,562 | 50,856 | |||
| Massey Energy Co. |
2,552 | 25,826 | |||
| McMoRan Exploration Co.* |
1,552 | 7,294 | |||
| NuStar GP Holdings LLC |
633 | 13,046 | |||
| Overseas Shipholding Group, Inc. |
1,909 | 43,277 | |||
| Penn Virginia Corp. |
799 | 8,773 | |||
| Pioneer Natural Resources Co. |
3,993 | 65,765 | |||
| Plains Exploration & Production Co.* |
8,485 | 146,197 | |||
| Quicksilver Resources, Inc.* |
3,466 | 19,202 | |||
| Southern Union Co. |
3,211 | 48,872 | |||
| St. Mary Land & Exploration Co. |
2,096 | 27,730 | |||
| Tesoro Corp. |
2,060 | 27,748 | |||
| W&T Offshore, Inc. |
5,296 | 32,570 | |||
| Walter Industries, Inc. |
1,756 | 40,160 | |||
| Investments | Shares | Value | |||
| Whiting Petroleum Corp.* |
1,765 | $ | 45,625 | ||
| World Fuel Services Corp. |
510 | 16,131 | |||
| Total Oil, Gas & Consumable Fuels | 1,164,555 | ||||
| Paper & Forest Products – 0.1% | |||||
| Clearwater Paper Corp.* |
211 | 1,694 | |||
| MeadWestvaco Corp. |
821 | 9,844 | |||
| Total Paper & Forest Products | 11,538 | ||||
| Personal Products – 0.5% | |||||
| Alberto-Culver Co. |
879 | 19,874 | |||
| Chattem, Inc.* |
207 | 11,602 | |||
| NBTY, Inc.* |
2,162 | 30,441 | |||
| Nu Skin Enterprises, Inc. Class A |
1,201 | 12,599 | |||
| Total Personal Products | 74,516 | ||||
| Pharmaceuticals – 1.5% | |||||
| King Pharmaceuticals, Inc.* |
5,051 | 35,710 | |||
| Medicis Pharmaceutical Corp. Class A |
703 | 8,696 | |||
| Sepracor, Inc.* |
7,468 | 109,481 | |||
| Viropharma, Inc.* |
1,483 | 7,786 | |||
| Watson Pharmaceuticals, Inc.* |
1,646 | 51,207 | |||
| Total Pharmaceuticals | 212,880 | ||||
| Professional Services – 1.4% | |||||
| Corporate Executive Board Co. (The) |
706 | 10,237 | |||
| First Advantage Corp. Class A* |
818 | 11,272 | |||
| Huron Consulting Group, Inc.* |
137 | 5,813 | |||
| IHS, Inc. Class A* |
477 | 19,643 | |||
| Manpower, Inc. |
2,576 | 81,221 | |||
| Monster Worldwide, Inc.* |
2,667 | 21,736 | |||
| Navigant Consulting, Inc.* |
410 | 5,359 | |||
| Resources Connection, Inc.* |
600 | 9,048 | |||
| Watson Wyatt Worldwide, Inc. Class A |
629 | 31,054 | |||
| Total Professional Services | 195,383 | ||||
| Real Estate Investment Trusts (REITs) – 2.4% | |||||
| Alexander’s, Inc. |
40 | 6,815 | |||
| Alexandria Real Estate Equities, Inc.(a) |
294 | 10,702 | |||
| AMB Property Corp. |
1,464 | 21,082 | |||
| BioMed Realty Trust, Inc. |
1,080 | 7,312 | |||
| BRE Properties, Inc. |
316 | 6,203 | |||
| Camden Property Trust |
219 | 4,726 | |||
| Corporate Office Properties Trust SBI MD |
182 | 4,519 | |||
| DCT Industrial Trust, Inc. |
302 | 957 | |||
| Digital Realty Trust, Inc. |
94 | 3,119 | |||
| Duke Realty Corp.(a) |
1,182 | 6,501 | |||
| EastGroup Properties, Inc. |
171 | 4,800 | |||
| Entertainment Properties Trust |
615 | 9,692 | |||
| Equity Lifestyle Properties, Inc. |
109 | 4,153 | |||
| Equity One, Inc.(a) |
775 | 9,447 | |||
| Essex Property Trust, Inc. |
103 | 5,906 | |||
| Extra Space Storage, Inc. |
768 | 4,232 | |||
| Franklin Street Properties Corp. |
521 | 6,408 | |||
| Healthcare Realty Trust, Inc. |
137 | 2,054 | |||
| Highwoods Properties, Inc. |
218 | 4,669 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Home Properties, Inc. |
137 | $ | 4,199 | ||
| Hospitality Properties Trust |
1,817 | 21,804 | |||
| Inland Real Estate Corp. |
620 | 4,396 | |||
| Kilroy Realty Corp. |
213 | 3,661 | |||
| Liberty Property Trust |
911 | 17,254 | |||
| Macerich Co. (The)(a) |
745 | 4,664 | |||
| Mack-Cali Realty Corp. |
593 | 11,747 | |||
| Mid-America Apartment Communities, Inc. |
85 | 2,620 | |||
| National Retail Properties, Inc. |
1,140 | 18,058 | |||
| Nationwide Health Properties, Inc. |
819 | 18,174 | |||
| Omega Healthcare Investors, Inc. |
907 | 12,771 | |||
| Potlatch Corp. |
442 | 10,250 | |||
| PS Business Parks, Inc. |
73 | 2,690 | |||
| Realty Income Corp.(a) |
771 | 14,510 | |||
| Regency Centers Corp. |
659 | 17,510 | |||
| Senior Housing Properties Trust |
1,288 | 18,058 | |||
| SL Green Realty Corp. |
1,561 | 16,859 | |||
| Sunstone Hotel Investors, Inc. |
45 | 118 | |||
| Tanger Factory Outlet Centers, Inc. |
120 | 3,703 | |||
| Taubman Centers, Inc. |
232 | 3,953 | |||
| Washington Real Estate Investment Trust |
110 | 1,903 | |||
| Weingarten Realty Investors |
953 | 9,073 | |||
| Total Real Estate Investment Trusts (REITs) | 341,272 | ||||
| Real Estate Management & Development – 0.4% | |||||
| CB Richard Ellis Group, Inc. Class A* |
8,763 | 35,315 | |||
| Jones Lang LaSalle, Inc. |
999 | 23,237 | |||
| Total Real Estate Management & Development | 58,552 | ||||
| Road & Rail – 1.3% | |||||
| Amerco, Inc.* |
227 | 7,611 | |||
| Arkansas Best Corp. |
381 | 7,247 | |||
| Con-way, Inc. |
1,082 | 19,400 | |||
| Genesee & Wyoming, Inc. Class A* |
389 | 8,266 | |||
| Heartland Express, Inc. |
872 | 12,914 | |||
| Hertz Global Holdings, Inc.* |
5,294 | 20,806 | |||
| Kansas City Southern* |
1,793 | 22,789 | |||
| Knight Transportation, Inc. |
695 | 10,536 | |||
| Landstar System, Inc. |
642 | 21,488 | |||
| Old Dominion Freight Line, Inc.* |
583 | 13,695 | |||
| Ryder System, Inc. |
1,245 | 35,246 | |||
| Werner Enterprises, Inc. |
650 | 9,828 | |||
| Total Road & Rail | 189,826 | ||||
| Semiconductors & Semiconductor Equipment – 1.9% |
|||||
| Atheros Communications, Inc.* |
549 | 8,048 | |||
| Cree, Inc.* |
316 | 7,435 | |||
| Cymer, Inc.* |
495 | 11,019 | |||
| FEI Co.* |
344 | 5,308 | |||
| Hittite Microwave Corp.* |
334 | 10,421 | |||
| Integrated Device Technology, Inc.* |
1,663 | 7,567 | |||
| Intersil Corp. Class A |
3,927 | 45,160 | |||
| Microsemi Corp.* |
709 | 8,224 | |||
| MKS Instruments, Inc.* |
629 | 9,227 | |||
| Investments | Shares | Value | |||
| Novellus Systems, Inc.* |
940 | $ | 15,632 | ||
| ON Semiconductor Corp.* |
10,255 | 39,995 | |||
| PMC – Sierra, Inc.* |
4,786 | 30,535 | |||
| Semtech Corp.* |
696 | 9,292 | |||
| Silicon Laboratories, Inc.* |
335 | 8,844 | |||
| Skyworks Solutions, Inc.* |
4,058 | 32,707 | |||
| Tessera Technologies, Inc.* |
165 | 2,206 | |||
| Varian Semiconductor Equipment Associates, Inc.* |
951 | 20,599 | |||
| Total Semiconductors & Semiconductor Equipment | 272,219 | ||||
| Software – 2.5% | |||||
| Blackboard, Inc.* |
28 | 889 | |||
| Cadence Design Systems, Inc.* |
10,844 | 45,545 | |||
| Compuware Corp.* |
4,302 | 28,350 | |||
| Concur Technologies, Inc.* |
113 | 2,168 | |||
| Ebix, Inc.* |
195 | 4,846 | |||
| FactSet Research Systems, Inc.(a) |
598 | 29,894 | |||
| Fair Isaac Corp. |
1,137 | 15,997 | |||
| Informatica Corp.* |
816 | 10,820 | |||
| Jack Henry & Associates, Inc. |
1,112 | 18,148 | |||
| Macrovision Solutions Corp.* |
425 | 7,561 | |||
| Micros Systems, Inc.* |
1,350 | 25,312 | |||
| Novell, Inc.* |
153 | 652 | |||
| Parametric Technology Corp.* |
1,420 | 14,172 | |||
| Progress Software Corp.* |
580 | 10,069 | |||
| Quality Systems, Inc.(a) |
211 | 9,548 | |||
| Red Hat, Inc.* |
1,247 | 22,246 | |||
| Solera Holdings, Inc.* |
111 | 2,750 | |||
| Sybase, Inc.* |
1,420 | 43,012 | |||
| Synopsys, Inc.* |
2,030 | 42,082 | |||
| Take-Two Interactive Software, Inc.* |
2,034 | 16,984 | |||
| TIBCO Software, Inc.* |
1,910 | 11,212 | |||
| Total Software | 362,257 | ||||
| Specialty Retail – 4.8% | |||||
| Aaron Rents, Inc. |
574 | 15,303 | |||
| Abercrombie & Fitch Co. Class A(a) |
3,690 | 87,822 | |||
| Aeropostale, Inc.* |
1,563 | 41,513 | |||
| American Eagle Outfitters, Inc. |
5,601 | 68,556 | |||
| Barnes & Noble, Inc.(a) |
1,336 | 28,564 | |||
| Buckle, Inc. (The) |
915 | 29,216 | |||
| Carmax, Inc.* |
2,368 | 29,458 | |||
| Dick’s Sporting Goods, Inc.* |
1,919 | 27,384 | |||
| Foot Locker, Inc. |
2,713 | 28,432 | |||
| Guess ?, Inc. |
2,911 | 61,364 | |||
| Gymboree Corp.* |
755 | 16,119 | |||
| Penske Auto Group, Inc. |
3,378 | 31,517 | |||
| PetSmart, Inc. |
2,091 | 43,827 | |||
| RadioShack Corp. |
3,777 | 32,369 | |||
| Rent-A-Center, Inc.* |
1,359 | 26,324 | |||
| Sally Beauty Holdings, Inc.* |
2,975 | 16,898 | |||
| Tiffany & Co. |
2,400 | 51,744 | |||
| Tractor Supply Co.* |
443 | 15,975 | |||
| Williams-Sonoma, Inc. |
4,149 | 41,822 | |||
| Total Specialty Retail | 694,207 | ||||
See Notes to Financial Statements.
| 40 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Textiles, Apparel & Luxury Goods – 1.3% | |||||
| Carter’s, Inc.* |
783 | $ | 14,728 | ||
| Columbia Sportswear Co. |
672 | 20,106 | |||
| Deckers Outdoor Corp.* |
220 | 11,669 | |||
| Fossil, Inc.* |
1,979 | 31,070 | |||
| Hanesbrands, Inc.* |
2,450 | 23,447 | |||
| Lululemon Athletica, Inc.*(a) |
949 | 8,218 | |||
| Phillips-Van Heusen Corp. |
1,603 | 36,356 | |||
| Under Armour, Inc. Class A*(a) |
382 | 6,276 | |||
| Warnaco Group, Inc. (The)* |
791 | 18,984 | |||
| Wolverine World Wide, Inc. |
958 | 14,926 | |||
| Total Textiles, Apparel & Luxury Goods | 185,780 | ||||
| Thrifts & Mortgage Finance – 0.4% | |||||
| Astoria Financial Corp. |
786 | 7,223 | |||
| Beneficial Mutual Bancorp, Inc.* |
348 | 3,428 | |||
| First Niagara Financial Group, Inc. |
1,006 | 10,965 | |||
| Kearny Financial Corp. |
126 | 1,320 | |||
| NewAlliance Bancshares, Inc. |
703 | 8,253 | |||
| Northwest Bancorp, Inc. |
510 | 8,619 | |||
| Oritani Financial Corp.* |
102 | 1,428 | |||
| Provident Financial Services, Inc. |
528 | 5,708 | |||
| TrustCo Bank Corp. |
683 | 4,112 | |||
| Washington Federal, Inc. |
665 | 8,838 | |||
| Total Thrifts & Mortgage Finance | 59,894 | ||||
| Tobacco – 0.2% | |||||
| Universal Corp. |
654 | 19,568 | |||
| Vector Group Ltd. |
947 | 12,301 | |||
| Total Tobacco | 31,869 | ||||
| Trading Companies & Distributors – 0.8% | |||||
| Applied Industrial Technologies, Inc. |
985 | 16,617 | |||
| GATX Corp. |
1,410 | 28,524 | |||
| MSC Industrial Direct Co. Class A |
1,115 | 34,643 | |||
| RSC Holdings, Inc.*(a) |
3,686 | 19,389 | |||
| Watsco, Inc. |
335 | 11,400 | |||
| Total Trading Companies & Distributors | 110,573 | ||||
| Water Utilities – 0.1% | |||||
| California Water Service Group |
191 | 7,995 | |||
| Wireless Telecommunication Services – 0.2% | |||||
| Centennial Communications Corp.* |
827 | 6,831 | |||
| Syniverse Holdings, Inc.* |
1,582 | 24,932 | |||
| Total Wireless Telecommunication Services | 31,763 | ||||
| TOTAL COMMON STOCKS | |||||
| (Cost: $22,000,446) | 14,328,464 | ||||
| SHORT-TERM INVESTMENT – 0.4% | |||||
| MONEY MARKET FUND – 0.4% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $60,489) |
60,489 | 60,489 | |||
| Investments | Shares | Value | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7% | ||||||
| MONEY MARKET FUND – 3.7% | ||||||
| Dreyfus Institutional Preferred Money Market (Cost: $531,041)(d) |
531,041 | $ | 531,041 | |||
| TOTAL INVESTMENTS IN SECURITIES – 103.6% | ||||||
| (Cost: $22,591,976) |
14,919,994 | |||||
| Liabilities in Excess of Other Assets – (3.6)% |
(513,817 | ) | ||||
| NET ASSETS – 100.0% | $ | 14,406,177 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $518,320 and the total market value of the collateral held by the Fund was $531,041. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 41 |
Table of Contents
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.7% | |||||
| Aerospace & Defense – 1.1% | |||||
| AAR Corp.* |
2,825 | $ | 35,426 | ||
| American Science & Engineering, Inc. |
139 | 7,756 | |||
| Applied Signal Technology, Inc. |
262 | 5,300 | |||
| Argon ST, Inc.* |
499 | 9,466 | |||
| Ducommun, Inc.* |
739 | 10,745 | |||
| GenCorp, Inc.* |
4,567 | 9,682 | |||
| Ladish Co., Inc.* |
1,325 | 9,619 | |||
| LMI Aerospace, Inc.* |
1,161 | 8,406 | |||
| Taser International, Inc.* |
557 | 2,607 | |||
| Triumph Group, Inc. |
1,331 | 50,844 | |||
| Total Aerospace & Defense | 149,851 | ||||
| Air Freight & Logistics – 0.4% | |||||
| Atlas Air Worldwide Holdings, Inc.* |
1,781 | 30,900 | |||
| Dynamex, Inc.* |
822 | 10,752 | |||
| Pacer International, Inc. |
4,491 | 15,719 | |||
| Total Air Freight & Logistics | 57,371 | ||||
| Airlines – 0.3% | |||||
| Hawaiian Holdings, Inc.* |
1,005 | 3,749 | |||
| Republic Airways Holdings, Inc.* |
5,181 | 33,573 | |||
| Total Airlines | 37,322 | ||||
| Auto Components – 0.4% | |||||
| Drew Industries, Inc.* |
1,017 | 8,828 | |||
| Exide Technologies* |
6,848 | 20,544 | |||
| Fuel Systems Solutions, Inc.*(a) |
518 | 6,983 | |||
| Lear Corp.* |
9,871 | 7,403 | |||
| Stoneridge, Inc.* |
2,712 | 5,722 | |||
| Total Auto Components | 49,480 | ||||
| Beverages – 0.2% | |||||
| Boston Beer Co., Inc. Class A* |
223 | 4,652 | |||
| Coca-Cola Bottling Co. Consolidated |
82 | 4,268 | |||
| Heckmann Corp.* |
510 | 2,458 | |||
| National Beverage Corp. |
1,627 | 14,920 | |||
| Total Beverages | 26,298 | ||||
| Biotechnology – 0.1% | |||||
| Maxygen, Inc.* |
2,600 | 17,680 | |||
| Repligen Corp.* |
777 | 3,722 | |||
| Total Biotechnology | 21,402 | ||||
| Building Products – 0.9% | |||||
| AAON, Inc. |
805 | 14,587 | |||
| Ameron International Corp. |
591 | 31,122 | |||
| Apogee Enterprises, Inc. |
3,105 | 34,093 | |||
| Gibraltar Industries, Inc. |
2,403 | 11,342 | |||
| Griffon Corp.* |
1,005 | 7,537 | |||
| Insteel Industries, Inc. |
2,307 | 16,057 | |||
| NCI Building Systems, Inc.* |
2,949 | 6,547 | |||
| Quanex Building Products Corp. |
110 | 836 | |||
| Total Building Products | 122,121 | ||||
| Capital Markets – 2.1% | |||||
| BlackRock Kelso Capital Corp. |
3,074 | 12,880 | |||
| Investments | Shares | Value | |||
| Cohen & Steers, Inc. |
2,443 | $ | 27,264 | ||
| Epoch Holding Corp. |
401 | 2,755 | |||
| Evercore Partners, Inc. Class A |
164 | 2,534 | |||
| GFI Group, Inc. |
14,263 | 45,784 | |||
| Hercules Technology Growth Capital, Inc. |
4,323 | 21,615 | |||
| LaBranche & Co., Inc.* |
3,805 | 14,231 | |||
| Penson Worldwide, Inc.* |
2,625 | 16,879 | |||
| Prospect Capital Corp. |
3,276 | 27,911 | |||
| Sanders Morris Harris Group, Inc. |
3,529 | 13,763 | |||
| SWS Group, Inc. |
1,147 | 17,813 | |||
| thinkorswim Group, Inc.* |
7,022 | 60,670 | |||
| TradeStation Group, Inc.* |
3,117 | 20,572 | |||
| Westwood Holdings Group, Inc. |
188 | 7,349 | |||
| Total Capital Markets | 292,020 | ||||
| Chemicals – 4.6% | |||||
| American Vanguard Corp. |
1,039 | 13,403 | |||
| Ashland, Inc. |
8,393 | 86,700 | |||
| Balchem Corp. |
504 | 12,666 | |||
| GenTek, Inc.* |
1,277 | 22,335 | |||
| ICO, Inc.* |
4,240 | 8,734 | |||
| Innophos Holdings, Inc. |
5,784 | 65,244 | |||
| Innospec, Inc. |
2,914 | 10,986 | |||
| Koppers Holdings, Inc. |
1,688 | 24,510 | |||
| Kronos Worldwide, Inc. |
341 | 2,622 | |||
| Landec Corp.* |
1,076 | 5,993 | |||
| LSB Industries, Inc.* |
2,279 | 22,539 | |||
| NewMarket Corp. |
1,394 | 61,754 | |||
| OM Group, Inc.* |
6,900 | 133,308 | |||
| PolyOne Corp.* |
3,271 | 7,556 | |||
| Quaker Chemical Corp. |
789 | 6,265 | |||
| Rockwood Holdings, Inc.* |
7,678 | 60,963 | |||
| Schulman A., Inc. |
303 | 4,106 | |||
| Stepan Co. |
395 | 10,783 | |||
| W.R. Grace & Co.* |
12,673 | 80,093 | |||
| Zoltek Cos., Inc.*(a) |
948 | 6,456 | |||
| Total Chemicals | 647,016 | ||||
| Commercial Banks – 4.1% | |||||
| 1st Source Corp. |
811 | 14,639 | |||
| Ameris Bancorp |
413 | 1,945 | |||
| Arrow Financial Corp. |
484 | 11,466 | |||
| Bancfirst Corp. |
617 | 22,459 | |||
| Bank of the Ozarks, Inc. |
696 | 16,064 | |||
| Banner Corp. |
683 | 1,988 | |||
| Capital City Bank Group, Inc. |
544 | 6,234 | |||
| Cardinal Financial Corp. |
330 | 1,894 | |||
| Cascade Bancorp(a) |
553 | 901 | |||
| Center Financial Corp. |
1,417 | 3,996 | |||
| Chemical Financial Corp. |
658 | 13,693 | |||
| City Bank(a) |
1,379 | 4,551 | |||
| City Holding Co. |
670 | 18,284 | |||
| CoBiz Financial, Inc.(a) |
893 | 4,688 | |||
| Columbia Banking System, Inc. |
686 | 4,390 | |||
| Community Trust Bancorp, Inc. |
499 | 13,348 | |||
See Notes to Financial Statements.
| 42 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Enterprise Financial Services Corp. |
545 | $ | 5,319 | ||
| First Bancorp |
757 | 9,061 | |||
| First Busey Corp. |
928 | 7,201 | |||
| First Community Bancshares, Inc. |
448 | 5,228 | |||
| First Financial Bancorp |
1,534 | 14,619 | |||
| First Financial Corp. |
381 | 14,059 | |||
| First Merchants Corp. |
824 | 8,891 | |||
| Frontier Financial Corp.(a) |
3,320 | 3,652 | |||
| Green Bankshares, Inc.(a) |
522 | 4,594 | |||
| Harleysville National Corp. |
1,062 | 6,436 | |||
| Heartland Financial USA, Inc. |
568 | 7,691 | |||
| Heritage Commerce Corp. |
193 | 1,013 | |||
| Home Bancshares, Inc. |
556 | 11,103 | |||
| Independent Bank Corp. |
694 | 10,237 | |||
| Lakeland Bancorp, Inc. |
944 | 7,580 | |||
| Lakeland Financial Corp. |
543 | 10,420 | |||
| MainSource Financial Group, Inc. |
799 | 6,424 | |||
| Nara Bancorp, Inc. |
1,302 | 3,828 | |||
| Old Second Bancorp, Inc.(a) |
931 | 5,912 | |||
| Peoples Bancorp, Inc. |
411 | 5,335 | |||
| Pinnacle Financial Partners, Inc.* |
623 | 14,771 | |||
| Renasant Corp. |
1,204 | 15,122 | |||
| Republic Bancorp, Inc. Class A(a) |
932 | 17,400 | |||
| S.Y. Bancorp, Inc. |
494 | 12,004 | |||
| Sandy Spring Bancorp, Inc. |
841 | 9,386 | |||
| Santander BanCorp |
772 | 6,083 | |||
| SCBT Financial Corp. |
318 | 6,646 | |||
| Sierra Bancorp |
550 | 5,352 | |||
| Simmons First National Corp. Class A |
533 | 13,426 | |||
| Southside Bancshares, Inc. |
707 | 13,362 | |||
| Southwest Bancorp, Inc. |
731 | 6,857 | |||
| StellarOne Corp. |
545 | 6,491 | |||
| Sterling Bancorp |
764 | 7,564 | |||
| Sterling Bancshares, Inc. |
4,240 | 27,730 | |||
| Sterling Financial Corp. |
3,303 | 6,837 | |||
| Suffolk Bancorp |
424 | 11,020 | |||
| Sun Bancorp, Inc.* |
1,113 | 5,776 | |||
| Texas Capital Bancshares, Inc.* |
1,184 | 13,332 | |||
| Tompkins Financial Corp. |
330 | 14,190 | |||
| Trico Bancshares |
453 | 7,583 | |||
| UCBH Holdings, Inc. |
2,537 | 3,831 | |||
| Union Bankshares Corp. |
373 | 5,166 | |||
| United Security Bancshares |
189 | 1,391 | |||
| Univest Corp. of Pennsylvania |
457 | 7,998 | |||
| Virginia Commerce Bancorp* |
2,217 | 8,402 | |||
| Washington Trust Bancorp, Inc. |
847 | 13,764 | |||
| Wilshire Bancorp, Inc. |
1,868 | 9,639 | |||
| Wintrust Financial Corp. |
1,043 | 12,829 | |||
| Total Commercial Banks | 573,095 | ||||
| Commercial Services & Supplies – 3.3% | |||||
| American Ecology Corp. |
665 | 9,270 | |||
| American Reprographics Co.* |
5,512 | 19,512 | |||
| Amrep Corp.* |
109 | 1,711 | |||
| Investments | Shares | Value | |||
| ATC Technology Corp.* |
1,453 | $ | 16,274 | ||
| Cenveo, Inc.* |
4,112 | 13,364 | |||
| Comfort Systems USA, Inc. |
2,724 | 28,248 | |||
| Consolidated Graphics, Inc.* |
1,552 | 19,741 | |||
| Cornell Cos., Inc.* |
673 | 11,017 | |||
| Courier Corp. |
251 | 3,808 | |||
| Deluxe Corp. |
4,685 | 45,117 | |||
| Ennis, Inc. |
2,302 | 20,396 | |||
| Fuel Tech, Inc.* |
543 | 5,680 | |||
| G&K Services, Inc. Class A |
961 | 18,172 | |||
| GeoEye, Inc.* |
1,401 | 27,670 | |||
| HNI Corp. |
2,790 | 29,016 | |||
| Innerworkings, Inc.* |
2,447 | 10,449 | |||
| Interface, Inc. Class A |
6,597 | 19,725 | |||
| Knoll, Inc. |
5,357 | 32,838 | |||
| M&F Worldwide Corp.* |
2,281 | 26,710 | |||
| McGrath Rentcorp |
1,262 | 19,889 | |||
| Mobile Mini, Inc.* |
1,668 | 19,215 | |||
| Multi-Color Corp. |
776 | 9,490 | |||
| Schawk, Inc. |
308 | 1,860 | |||
| Standard Parking Corp.* |
569 | 9,332 | |||
| Standard Register Co. (The) |
1,844 | 8,446 | |||
| Team, Inc.* |
547 | 6,411 | |||
| Viad Corp. |
1,074 | 15,165 | |||
| Waste Services, Inc.* |
1,242 | 5,316 | |||
| Total Commercial Services & Supplies | 453,842 | ||||
| Communications Equipment – 3.0% | |||||
| Acme Packet, Inc.* |
1,861 | 11,296 | |||
| Airvana, Inc.* |
10,932 | 63,952 | |||
| Anaren, Inc.* |
358 | 3,917 | |||
| Bel Fuse, Inc. Class B |
468 | 6,290 | |||
| Black Box Corp. |
1,040 | 24,555 | |||
| Blue Coat Systems, Inc.* |
1,232 | 14,796 | |||
| Ciena Corp.*(a) |
9,497 | 73,887 | |||
| Cogo Group, Inc.* |
2,573 | 17,188 | |||
| DG FastChannel, Inc.* |
524 | 9,836 | |||
| Digi International, Inc.* |
978 | 7,501 | |||
| EMS Technologies, Inc.* |
470 | 8,206 | |||
| Extreme Networks, Inc.* |
1,739 | 2,643 | |||
| Globecomm Systems, Inc.* |
2,841 | 16,449 | |||
| Harmonic, Inc.* |
6,224 | 40,456 | |||
| Hughes Communications, Inc.* |
807 | 9,708 | |||
| Ixia* |
670 | 3,464 | |||
| Netgear, Inc.* |
2,028 | 24,437 | |||
| Opnext, Inc.* |
2,866 | 4,901 | |||
| PC-Tel, Inc.* |
2,230 | 9,589 | |||
| Plantronics, Inc. |
3,329 | 40,181 | |||
| Seachange International, Inc.* |
973 | 5,566 | |||
| Sonus Networks, Inc.* |
767 | 1,204 | |||
| Viasat, Inc.* |
965 | 20,091 | |||
| Total Communications Equipment | 420,113 | ||||
| Computers & Peripherals – 0.5% | |||||
| Adaptec, Inc.* |
745 | 1,788 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Imation Corp. |
1,239 | $ | 9,478 | ||
| Netezza Corp.* |
1,173 | 7,976 | |||
| Novatel Wireless, Inc.* |
2,362 | 13,274 | |||
| Rimage Corp.* |
643 | 8,584 | |||
| STEC, Inc.* |
922 | 6,795 | |||
| Stratasys, Inc.* |
791 | 6,542 | |||
| Super Micro Computer, Inc.* |
2,644 | 13,009 | |||
| Total Computers & Peripherals | 67,446 | ||||
| Construction & Engineering – 1.1% | |||||
| Dycom Industries, Inc.* |
2,000 | 11,580 | |||
| Furmanite Corp.* |
2,424 | 7,538 | |||
| Great Lakes Dredge & Dock Corp. |
905 | 2,724 | |||
| Insituform Technologies, Inc. Class A* |
626 | 9,791 | |||
| Layne Christensen Co.* |
1,472 | 23,655 | |||
| MasTec, Inc.* |
3,600 | 43,524 | |||
| Michael Baker Corp.* |
552 | 14,352 | |||
| Northwest Pipe Co.* |
461 | 13,125 | |||
| Pike Electric Corp.* |
1,581 | 14,624 | |||
| Sterling Construction Co., Inc.* |
601 | 10,722 | |||
| Total Construction & Engineering | 151,635 | ||||
| Construction Materials – 0.0% | |||||
| Headwaters, Inc.* |
1,468 | 4,609 | |||
| Consumer Finance – 1.2% | |||||
| Advance America, Cash Advance Centers, Inc. |
16,134 | 27,266 | |||
| CompuCredit Corp.*(a) |
988 | 2,421 | |||
| Credit Acceptance Corp.*(a) |
2,603 | 55,938 | |||
| Dollar Financial Corp.* |
3,290 | 31,321 | |||
| First Cash Financial Services, Inc.* |
1,028 | 15,338 | |||
| Nelnet, Inc. Class A |
708 | 6,259 | |||
| World Acceptance Corp.* |
1,574 | 26,915 | |||
| Total Consumer Finance | 165,458 | ||||
| Containers & Packaging – 0.1% | |||||
| Bway Holding Co.* |
376 | 2,967 | |||
| Myers Industries, Inc. |
1,039 | 6,379 | |||
| Total Containers & Packaging | 9,346 | ||||
| Distributors – 0.1% | |||||
| Core-Mark Holding Co., Inc.* |
425 | 7,743 | |||
| Diversified Consumer Services – 1.1% | |||||
| Jackson Hewitt Tax Service, Inc. |
1,125 | 5,872 | |||
| K12, Inc.* |
909 | 12,635 | |||
| Learning Tree International, Inc.* |
1,214 | 10,283 | |||
| Lincoln Educational Services Corp.* |
771 | 14,125 | |||
| Pre-Paid Legal Services, Inc.*(a) |
850 | 24,675 | |||
| Regis Corp. |
3,708 | 53,581 | |||
| Stewart Enterprises, Inc. Class A |
7,635 | 24,737 | |||
| Universal Technical Institute, Inc.* |
276 | 3,312 | |||
| Total Diversified Consumer Services | 149,220 | ||||
| Diversified Financial Services – 0.7% | |||||
| Asset Acceptance Capital Corp.* |
1,593 | 8,459 | |||
| Encore Capital Group, Inc.* |
1,934 | 8,761 | |||
| Financial Federal Corp. |
1,313 | 27,810 | |||
| Investments | Shares | Value | |||
| Life Partners Holdings, Inc.(a) |
439 | $ | 7,489 | ||
| MarkeTaxess Holdings, Inc.* |
603 | 4,607 | |||
| Medallion Financial Corp. |
1,308 | 9,692 | |||
| NewStar Financial, Inc.* |
4,210 | 9,767 | |||
| Portfolio Recovery Associates, Inc.*(a) |
801 | 21,499 | |||
| Triplecrown Acquisition Corp.* |
259 | 2,427 | |||
| Total Diversified Financial Services | 100,511 | ||||
| Diversified Telecommunication Services – 1.4% | |||||
| Alaska Communications Systems Group, Inc. |
8,782 | 58,839 | |||
| Atlantic Tele-Network, Inc. |
898 | 17,224 | |||
| Cbeyond, Inc.* |
617 | 11,618 | |||
| Cincinnati Bell, Inc.* |
23,279 | 53,542 | |||
| Consolidated Communications Holdings, Inc. |
390 | 4,001 | |||
| General Communication, Inc. Class A* |
708 | 4,730 | |||
| Iowa Telecommunications Services, Inc. |
994 | 11,391 | |||
| Premiere Global Services, Inc.* |
2,476 | 21,838 | |||
| Shenandoah Telecommunications Co. |
569 | 12,973 | |||
| Total Diversified Telecommunication Services | 196,156 | ||||
| Electric Utilities – 0.2% | |||||
| Central Vermont Public Service Corp. |
614 | 10,622 | |||
| Empire District Electric Co. (The) |
1,119 | 16,159 | |||
| Total Electric Utilities | 26,781 | ||||
| Electrical Equipment – 1.3% | |||||
| Advanced Battery Technologies, Inc.* |
3,308 | 7,079 | |||
| AZZ, Inc.* |
846 | 22,326 | |||
| Encore Wire Corp. |
719 | 15,408 | |||
| EnerSys* |
4,812 | 58,322 | |||
| Harbin Electric, Inc.*(a) |
1,797 | 11,052 | |||
| II-VI, Inc.* |
1,979 | 33,999 | |||
| LSI Industries, Inc. |
126 | 651 | |||
| Polypore International, Inc.* |
2,995 | 12,040 | |||
| Powell Industries, Inc.* |
448 | 15,819 | |||
| Ultralife Corp.* |
710 | 5,488 | |||
| Vicor Corp. |
190 | 929 | |||
| Total Electrical Equipment | 183,113 | ||||
| Electronic Equipment, Instruments & Components – 3.8% |
|||||
| Brightpoint, Inc.* |
3,838 | 16,427 | |||
| Checkpoint Systems, Inc.* |
3,080 | 27,628 | |||
| Cognex Corp. |
1,738 | 23,202 | |||
| CPI International, Inc.* |
1,100 | 10,340 | |||
| CTS Corp. |
2,338 | 8,440 | |||
| Daktronics, Inc. |
1,934 | 12,668 | |||
| DTS, Inc.* |
343 | 8,253 | |||
| Electro Rent Corp. |
1,004 | 9,679 | |||
| Electro Scientific Industries, Inc.* |
491 | 2,907 | |||
| FARO Technologies, Inc.* |
739 | 9,932 | |||
| Insight Enterprises, Inc.* |
8,471 | 25,921 | |||
| IPG Photonics Corp.* |
1,680 | 14,146 | |||
| L-1 Identity Solutions, Inc. Class 1* |
2,255 | 11,523 | |||
| Littelfuse, Inc.* |
1,069 | 11,748 | |||
| Methode Electronics, Inc. |
2,966 | 10,618 | |||
See Notes to Financial Statements.
| 44 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| MTS Systems Corp. |
1,096 | $ | 24,934 | ||
| Multi-Fineline Electronix, Inc.* |
2,059 | 34,673 | |||
| Newport Corp.* |
2,118 | 9,362 | |||
| OSI Systems, Inc.* |
733 | 11,186 | |||
| Park Electrochemical Corp. |
898 | 15,517 | |||
| PC Connection, Inc.* |
2,106 | 8,003 | |||
| Plexus Corp.* |
3,182 | 43,975 | |||
| Rogers Corp.* |
602 | 11,366 | |||
| Scansource, Inc.* |
1,857 | 34,503 | |||
| SYNNEX Corp.* |
4,665 | 91,760 | |||
| Technitrol, Inc. |
6,899 | 11,797 | |||
| TTM Technologies, Inc.* |
5,339 | 30,966 | |||
| Zygo Corp.* |
233 | 1,069 | |||
| Total Electronic Equipment, Instruments & Components | 532,543 | ||||
| Energy Equipment & Services – 5.0% | |||||
| Allis-Chalmers Energy, Inc.* |
5,400 | 10,422 | |||
| Basic Energy Services, Inc.* |
4,323 | 27,970 | |||
| Boots & Coots International Control, Inc.* |
9,847 | 12,309 | |||
| Bristow Group, Inc.* |
2,005 | 42,967 | |||
| Bronco Drilling Co., Inc.* |
1,562 | 8,216 | |||
| Cal Dive International, Inc.* |
8,442 | 57,152 | |||
| Complete Production Services, Inc.* |
12,247 | 37,721 | |||
| Dawson Geophysical Co.* |
1,178 | 15,903 | |||
| Gulf Island Fabrication, Inc. |
1,598 | 12,800 | |||
| Helix Energy Solutions Group, Inc.* |
25,627 | 131,723 | |||
| Hercules Offshore, Inc.* |
10,137 | 16,016 | |||
| Hornbeck Offshore Services, Inc.* |
4,001 | 60,975 | |||
| ION Geophysical Corp.* |
13,479 | 21,027 | |||
| Key Energy Services, Inc.* |
21,111 | 60,800 | |||
| Matrix Service Co.* |
1,653 | 13,588 | |||
| NATCO Group, Inc. Class A* |
1,489 | 28,187 | |||
| Natural Gas Services Group, Inc.* |
1,042 | 9,378 | |||
| Newpark Resources* |
5,431 | 13,740 | |||
| OYO Geospace Corp.* |
469 | 6,125 | |||
| Parker Drilling Co.* |
19,527 | 35,930 | |||
| PHI, Inc.* |
857 | 8,553 | |||
| Pioneer Drilling Co.* |
8,304 | 27,237 | |||
| Superior Well Services, Inc.* |
2,155 | 11,055 | |||
| T-3 Energy Services, Inc. Class 3* |
1,846 | 21,746 | |||
| Tetra Technologies, Inc.* |
736 | 2,392 | |||
| Union Drilling, Inc.* |
1,728 | 6,566 | |||
| Total Energy Equipment & Services | 700,498 | ||||
| Food & Staples Retailing – 1.0% | |||||
| Andersons, Inc. (The) |
2,923 | 41,331 | |||
| Ingles Markets, Inc. Class A |
1,944 | 29,024 | |||
| Nash Finch Co. |
554 | 15,562 | |||
| Pantry, Inc. (The)* |
908 | 15,990 | |||
| Pricesmart, Inc. |
1,157 | 20,838 | |||
| Spartan Stores, Inc. |
893 | 13,761 | |||
| Susser Holdings Corp.* |
709 | 9,529 | |||
| Total Food & Staples Retailing | 146,035 | ||||
| Investments | Shares | Value | |||
| Food Products – 1.7% | |||||
| Alico, Inc. |
32 | $ | 768 | ||
| American Dairy, Inc.* |
684 | 11,567 | |||
| American Italian Pasta Co. Class A* |
369 | 12,845 | |||
| B&G Foods, Inc. Class A |
1,797 | 9,344 | |||
| Cal-Maine Foods, Inc. |
3,187 | 71,357 | |||
| Chiquita Brands International, Inc.* |
2,335 | 15,481 | |||
| Darling International, Inc.* |
9,749 | 36,169 | |||
| Diamond Foods, Inc. |
343 | 9,580 | |||
| Hain Celestial Group, Inc.* |
1,253 | 17,843 | |||
| J&J Snack Foods Corp. |
543 | 18,782 | |||
| Lance, Inc. |
298 | 6,204 | |||
| Lifeway Foods, Inc.* |
191 | 1,528 | |||
| Sanderson Farms, Inc. |
606 | 22,755 | |||
| Total Food Products | 234,223 | ||||
| Gas Utilities – 0.0% | |||||
| Chesapeake Utilities Corp. |
233 | 7,102 | |||
| Health Care Equipment & Supplies – 2.3% | |||||
| Abaxis, Inc.* |
459 | 7,913 | |||
| Accuray, Inc.* |
630 | 3,169 | |||
| Align Technology, Inc.* |
1,427 | 11,316 | |||
| American Medical Systems Holdings, Inc.* |
2,212 | 24,664 | |||
| Analogic Corp. |
460 | 14,729 | |||
| Angiodynamics, Inc.* |
601 | 6,755 | |||
| Cantel Medical Corp.* |
346 | 4,453 | |||
| Cardiac Science Corp.* |
717 | 2,158 | |||
| Cooper Cos., Inc. (The) |
613 | 16,208 | |||
| Cryolife, Inc.* |
824 | 4,268 | |||
| Cutera, Inc.* |
214 | 1,367 | |||
| Cyberonics, Inc.* |
412 | 5,467 | |||
| Cynosure, Inc. Class A* |
1,165 | 7,095 | |||
| Greatbatch, Inc.* |
299 | 5,786 | |||
| ICU Medical, Inc.* |
387 | 12,430 | |||
| Invacare Corp. |
1,101 | 17,649 | |||
| IRIS International, Inc.* |
353 | 4,070 | |||
| Kensey Nash Corp.* |
533 | 11,337 | |||
| Medical Action Industries, Inc.* |
556 | 4,609 | |||
| Merit Medical Systems, Inc.* |
685 | 8,364 | |||
| Natus Medical, Inc.* |
629 | 5,353 | |||
| Neogen Corp.* |
338 | 7,379 | |||
| Palomar Medical Technologies, Inc.* |
174 | 1,263 | |||
| Quidel Corp.* |
895 | 8,252 | |||
| Rochester Medical Corp.* |
111 | 1,223 | |||
| Sirona Dental Systems, Inc.* |
5,149 | 73,734 | |||
| Somanetics Corp.* |
333 | 5,055 | |||
| SonoSite, Inc.* |
362 | 6,473 | |||
| SurModics, Inc.* |
390 | 7,118 | |||
| Symmetry Medical, Inc.* |
532 | 3,357 | |||
| Synovis Life Technologies, Inc.* |
211 | 2,920 | |||
| Vascular Solutions, Inc.* |
126 | 771 | |||
| Vnus Medical Technologies, Inc.* |
388 | 8,253 | |||
| Wright Medical Group, Inc.* |
252 | 3,284 | |||
| Zoll Medical Corp.* |
729 | 10,468 | |||
| Total Health Care Equipment & Supplies | 318,710 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Health Care Providers & Services – 3.6% | |||||
| Air Methods Corp.* |
580 | $ | 9,808 | ||
| Alliance Healthcare Services, Inc.* |
1,348 | 9,166 | |||
| Almost Family, Inc.* |
174 | 3,322 | |||
| AMN Healthcare Services, Inc.* |
2,609 | 13,306 | |||
| Amsurg Corp.* |
1,272 | 20,161 | |||
| Assisted Living Concepts, Inc. Class A* |
396 | 5,370 | |||
| Bio-Reference Labs, Inc.* |
358 | 7,486 | |||
| Corvel Corp.* |
688 | 13,911 | |||
| Cross Country Healthcare, Inc.* |
1,778 | 11,646 | |||
| Hanger Orthopedic Group, Inc.* |
800 | 10,600 | |||
| Health Management Associates, Inc. Class A* |
26,603 | 68,636 | |||
| Healthways, Inc.* |
3,057 | 26,810 | |||
| inVentiv Health, Inc.* |
2,528 | 20,628 | |||
| IPC The Hospitalist Co., Inc.* |
476 | 9,058 | |||
| Kindred Healthcare, Inc.* |
2,478 | 37,046 | |||
| Landauer, Inc. |
199 | 10,085 | |||
| LHC Group, Inc.* |
398 | 8,867 | |||
| Medcath Corp.* |
913 | 6,638 | |||
| Molina Healthcare, Inc.* |
2,113 | 40,189 | |||
| MWI Veterinary Supply, Inc.* |
499 | 14,212 | |||
| National Healthcare Corp. |
393 | 15,779 | |||
| Odyssey HealthCare, Inc.* |
1,024 | 9,933 | |||
| RehabCare Group, Inc.* |
711 | 12,400 | |||
| Res-Care, Inc.* |
1,986 | 28,916 | |||
| Skilled Healthcare Group, Inc. Class A* |
1,961 | 16,100 | |||
| Sun Healthcare Group, Inc.* |
4,427 | 37,364 | |||
| Triple-S Management Corp. Class B* |
1,858 | 22,891 | |||
| U.S. Physical Therapy, Inc.* |
580 | 5,614 | |||
| Virtual Radiologic Corp.(a) |
606 | 4,236 | |||
| Total Health Care Providers & Services | 500,178 | ||||
| Health Care Technology – 0.2% | |||||
| Computer Programs & Systems, Inc. |
322 | 10,713 | |||
| Omnicell, Inc.* |
1,117 | 8,735 | |||
| Phase Forward, Inc.* |
1,158 | 14,811 | |||
| Total Health Care Technology | 34,259 | ||||
| Hotels, Restaurants & Leisure – 4.4% | |||||
| AFC Enterprises* |
1,852 | 8,352 | |||
| Ambassadors Group, Inc. |
1,123 | 9,119 | |||
| Ameristar Casinos, Inc. |
3,989 | 50,182 | |||
| BJ’s Restaurants, Inc.* |
638 | 8,874 | |||
| Bluegreen Corp.* |
4,486 | 7,806 | |||
| Bob Evans Farms, Inc. |
1,829 | 41,006 | |||
| Boyd Gaming Corp.(a) |
3,478 | 12,973 | |||
| Buffalo Wild Wings, Inc.* |
536 | 19,607 | |||
| California Pizza Kitchen, Inc.* |
1,072 | 14,022 | |||
| CEC Entertainment, Inc.* |
1,331 | 34,446 | |||
| Cheesecake Factory (The)* |
3,869 | 44,300 | |||
| Churchill Downs, Inc. |
153 | 4,599 | |||
| CKE Restaurants, Inc. |
2,345 | 19,698 | |||
| Cracker Barrel Old Country Store, Inc. |
1,790 | 51,265 | |||
| Denny’s Corp.* |
6,639 | 11,087 | |||
| Domino’s Pizza, Inc.* |
6,743 | 44,167 | |||
| Investments | Shares | Value | |||
| Dover Downs Gaming & Entertainment, Inc. |
3,656 | $ | 11,224 | ||
| Gaylord Entertainment Co.* |
121 | 1,008 | |||
| Life Time Fitness, Inc.* |
3,766 | 47,301 | |||
| Luby’s, Inc.* |
304 | 1,493 | |||
| Marcus Corp. |
956 | 8,126 | |||
| Monarch Casino & Resort, Inc.* |
748 | 3,860 | |||
| Papa John’s International, Inc.* |
1,109 | 25,363 | |||
| Peet’s Coffee & Tea, Inc.* |
264 | 5,708 | |||
| PF Chang’s China Bistro, Inc.*(a) |
804 | 18,395 | |||
| Red Robin Gourmet Burgers, Inc.* |
1,076 | 18,970 | |||
| Shuffle Master, Inc.* |
1,488 | 4,270 | |||
| Sonic Corp.* |
2,952 | 29,579 | |||
| Speedway Motorsports, Inc. |
2,571 | 30,389 | |||
| Texas Roadhouse, Inc. Class A* |
2,988 | 28,476 | |||
| Total Hotels, Restaurants & Leisure | 615,665 | ||||
| Household Durables – 1.5% | |||||
| American Greetings Corp. Class A |
3,200 | 16,192 | |||
| Blyth, Inc.* |
1,082 | 28,273 | |||
| Cavco Industries, Inc.* |
74 | 1,746 | |||
| CSS Industries, Inc. |
616 | 10,472 | |||
| Ethan Allen Interiors, Inc. |
2,232 | 25,132 | |||
| iRobot Corp.*(a) |
990 | 7,524 | |||
| National Presto Industries, Inc. |
370 | 22,574 | |||
| Sealy Corp.* |
14,613 | 21,773 | |||
| Tempur-Pedic International, Inc.(a) |
9,726 | 71,000 | |||
| Universal Electronics, Inc.* |
640 | 11,584 | |||
| Total Household Durables | 216,270 | ||||
| Household Products – 0.3% | |||||
| Central Garden And Pet Co. Class A* |
3,236 | 24,335 | |||
| WD-40 Co. |
633 | 15,280 | |||
| Total Household Products | 39,615 | ||||
| Industrial Conglomerates – 0.4% | |||||
| Otter Tail Corp. |
850 | 18,743 | |||
| Raven Industries, Inc. |
730 | 15,169 | |||
| Standex International Corp. |
672 | 6,182 | |||
| Tredegar Corp. |
949 | 15,497 | |||
| Total Industrial Conglomerates | 55,591 | ||||
| Insurance – 4.9% | |||||
| American Equity Investment Life Holding Co. |
4,142 | 17,231 | |||
| American Physicians Capital, Inc. |
697 | 28,521 | |||
| Amerisafe, Inc.* |
1,650 | 25,278 | |||
| Amtrust Financial Services, Inc. |
6,477 | 61,855 | |||
| Baldwin & Lyons, Inc. Class B |
168 | 3,179 | |||
| CNA Surety Corp.* |
3,598 | 66,347 | |||
| Crawford & Co. Class B* |
1,452 | 9,757 | |||
| Delphi Financial Group, Inc. Class A |
4,301 | 57,891 | |||
| Donegal Group, Inc. Class A |
1,041 | 16,000 | |||
| eHealth, Inc.* |
1,566 | 25,072 | |||
| EMC Insurance Group, Inc. |
354 | 7,459 | |||
| FBL Financial Group, Inc. Class A |
4,299 | 17,841 | |||
| First Mercury Financial Corp.* |
1,666 | 24,057 | |||
| Fpic Insurance Group, Inc.* |
651 | 24,107 | |||
See Notes to Financial Statements.
| 46 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Hallmark Financial Services, Inc.* |
1,475 | $ | 10,222 | ||
| Horace Mann Educators Corp. |
3,578 | 29,948 | |||
| Infinity Property & Casualty Corp. |
744 | 25,244 | |||
| Kansas City Life Insurance Co. |
281 | 10,074 | |||
| Meadowbrook Insurance Group, Inc. |
3,093 | 18,867 | |||
| National Interstate Corp. |
707 | 11,955 | |||
| National Western Life Insurance Co. Class A |
187 | 21,131 | |||
| PMA Capital Corp. Class A* |
2,257 | 9,412 | |||
| Presidential Life Corp. |
1,590 | 12,386 | |||
| Safety Insurance Group, Inc. |
1,148 | 35,680 | |||
| SeaBright Insurance Holdings, Inc.* |
1,484 | 15,523 | |||
| Tower Group, Inc. |
1,723 | 42,437 | |||
| United Fire & Casualty Co. |
741 | 16,272 | |||
| Universal Insurance Holdings, Inc. |
11,475 | 43,146 | |||
| Total Insurance | 686,892 | ||||
| Internet & Catalog Retail – 0.6% | |||||
| 1-800-FLOWERS.COM, Inc. Class A* |
3,731 | 7,723 | |||
| Blue Nile, Inc.*(a) |
352 | 10,613 | |||
| NutriSystem, Inc. |
2,517 | 35,918 | |||
| PetMed Express, Inc.* |
794 | 13,085 | |||
| Shutterfly, Inc.* |
528 | 4,947 | |||
| Stamps.com, Inc.* |
794 | 7,702 | |||
| Total Internet & Catalog Retail | 79,988 | ||||
| Internet Software & Services – 1.4% | |||||
| Art Technology Group, Inc.* |
306 | 780 | |||
| AsiaInfo Holdings, Inc.* |
897 | 15,114 | |||
| Bankrate, Inc.*(a) |
335 | 8,358 | |||
| comScore, Inc.* |
993 | 12,005 | |||
| DealerTrack Holdings, Inc.* |
355 | 4,651 | |||
| Dice Holdings, Inc.* |
3,735 | 10,383 | |||
| DivX, Inc.* |
1,215 | 6,111 | |||
| Knot, Inc. (The)* |
600 | 4,920 | |||
| Liquidity Services, Inc.* |
952 | 6,654 | |||
| LoopNet, Inc.*(a) |
1,720 | 10,458 | |||
| ModusLink Global Solutions, Inc.* |
1,710 | 4,429 | |||
| NIC, Inc. |
1,633 | 8,492 | |||
| S1 Corp.* |
1,846 | 9,507 | |||
| SonicWALL, Inc.* |
3,436 | 15,325 | |||
| TechTarget, Inc.* |
491 | 1,178 | |||
| TheStreet.com, Inc. |
1,100 | 2,167 | |||
| United Online, Inc. |
5,882 | 26,234 | |||
| Valueclick, Inc.* |
4,525 | 38,508 | |||
| Vignette Corp.* |
476 | 3,180 | |||
| Vocus, Inc.* |
193 | 2,565 | |||
| Total Internet Software & Services | 191,019 | ||||
| IT Services – 2.7% | |||||
| Cass Information Systems, Inc. |
329 | 10,670 | |||
| Ciber, Inc.* |
4,266 | 11,646 | |||
| CSG Systems International, Inc.* |
1,867 | 26,661 | |||
| Cybersource Corp.* |
96 | 1,422 | |||
| Euronet Worldwide, Inc.* |
2,501 | 32,663 | |||
| ExlService Holdings, Inc.* |
1,294 | 11,154 | |||
| Forrester Research, Inc.* |
582 | 11,966 | |||
| Investments | Shares | Value | |||
| Global Cash Access Holdings, Inc.* |
7,303 | $ | 27,897 | ||
| Hackett Group, Inc. (The)* |
4,166 | 8,415 | |||
| Heartland Payment Systems, Inc. |
1,443 | 9,538 | |||
| iGate Corp.* |
3,094 | 10,025 | |||
| InfoGROUP, Inc. |
2,557 | 10,637 | |||
| Integral Systems, Inc./Md* |
1,291 | 11,103 | |||
| MAXIMUS, Inc. |
937 | 37,349 | |||
| NCI, Inc. Class A* |
330 | 8,580 | |||
| Ness Technologies, Inc.* |
3,435 | 10,133 | |||
| Sapient Corp.* |
6,887 | 30,785 | |||
| TeleTech Holdings, Inc.* |
4,854 | 52,860 | |||
| TNS, Inc.* |
285 | 2,331 | |||
| Wright Express Corp.* |
3,160 | 57,575 | |||
| Total IT Services | 383,410 | ||||
| Leisure Equipment & Products – 0.6% | |||||
| Callaway Golf Co. |
3,627 | 26,042 | |||
| Jakks Pacific, Inc.* |
2,850 | 35,198 | |||
| Marine Products Corp. |
1,476 | 6,258 | |||
| RC2 Corp.* |
623 | 3,283 | |||
| Steinway Musical Instruments* |
610 | 7,302 | |||
| Sturm Ruger & Co., Inc.* |
152 | 1,874 | |||
| Total Leisure Equipment & Products | 79,957 | ||||
| Life Sciences Tools & Services – 0.7% | |||||
| Affymetrix, Inc.* |
4,708 | 15,395 | |||
| Albany Molecular Research, Inc.* |
972 | 9,166 | |||
| Cambrex Corp.* |
1,465 | 3,340 | |||
| eResearch Technology, Inc.* |
2,313 | 12,167 | |||
| Kendle International, Inc.* |
799 | 16,747 | |||
| Parexel International Corp.* |
4,411 | 42,919 | |||
| Total Life Sciences Tools & Services | 99,734 | ||||
| Machinery – 3.8% | |||||
| Albany International Corp. Class A |
320 | 2,896 | |||
| Altra Holdings, Inc.* |
2,128 | 8,257 | |||
| American Railcar Industries, Inc. |
1,744 | 13,307 | |||
| Ampco-Pittsburgh Corp. |
1,083 | 14,361 | |||
| Badger Meter, Inc.(a) |
469 | 13,549 | |||
| Blount International, Inc.* |
2,853 | 13,181 | |||
| Cascade Corp. |
814 | 14,351 | |||
| Chart Industries, Inc.* |
3,753 | 29,574 | |||
| China Fire & Security Group, Inc.*(a) |
1,979 | 15,555 | |||
| CIRCOR International, Inc. |
1,603 | 36,100 | |||
| Colfax Corp.* |
1,066 | 7,323 | |||
| Columbus McKinnon Corp./NY* |
1,862 | 16,237 | |||
| Dynamic Materials Corp. |
802 | 7,346 | |||
| EnPro Industries, Inc.* |
2,700 | 46,170 | |||
| Federal Signal Corp. |
3,462 | 18,245 | |||
| Force Protection, Inc.* |
5,038 | 24,182 | |||
| Gorman-Rupp Co. (The) |
586 | 11,603 | |||
| Greenbrier Cos., Inc. |
1,799 | 6,584 | |||
| Hurco Cos., Inc.* |
1,017 | 10,811 | |||
| Kadant, Inc.* |
1,096 | 12,626 | |||
| K-Tron International, Inc.* |
192 | 11,649 | |||
| LB Foster Co. Class A* |
474 | 11,769 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 47 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Lindsay Corp.(a) |
662 | $ | 17,874 | ||
| Met-Pro Corp. |
508 | 4,140 | |||
| Middleby Corp.* |
1,188 | 38,527 | |||
| NACCO Industries, Inc. Class A |
636 | 17,286 | |||
| Oshkosh Corp. |
5,833 | 39,314 | |||
| RBC Bearings, Inc.* |
1,125 | 17,190 | |||
| Sauer-Danfoss, Inc. |
5,232 | 12,766 | |||
| Sun Hydraulics Corp. |
922 | 13,470 | |||
| Tennant Co. |
1,137 | 10,654 | |||
| Titan International, Inc. |
1,680 | 8,450 | |||
| Total Machinery | 525,347 | ||||
| Marine – 0.3% | |||||
| American Commercial Lines, Inc.* |
6,249 | 19,809 | |||
| Horizon Lines, Inc. Class A* |
5,516 | 16,713 | |||
| International Shipholding Corp. |
307 | 6,039 | |||
| Total Marine | 42,561 | ||||
| Media – 2.1% | |||||
| Arbitron, Inc. |
2,051 | 30,785 | |||
| Belo Corp. Class A |
20,788 | 12,681 | |||
| CKX, Inc.* |
5,774 | 23,673 | |||
| Dolan Media Co.* |
1,311 | 10,318 | |||
| Fisher Communications, Inc. |
2,548 | 24,868 | |||
| Harte-Hanks, Inc. |
7,201 | 38,525 | |||
| Journal Communications, Inc. Class A |
1,760 | 1,320 | |||
| Liberty Media Corp. – Capital Series A* |
7,847 | 54,772 | |||
| Live Nation, Inc.* |
1,704 | 4,550 | |||
| Martha Stewart Living Omnimedia Class A* |
4,889 | 12,174 | |||
| National CineMedia, Inc. |
1,571 | 20,706 | |||
| Outdoor Channel Holdings, Inc.* |
157 | 1,071 | |||
| Rentrak Corp.* |
232 | 2,088 | |||
| Scholastic Corp. |
2,591 | 39,046 | |||
| Sinclair Broadcast Group, Inc. Class A |
9,930 | 10,228 | |||
| Total Media | 286,805 | ||||
| Metals & Mining – 1.8% | |||||
| A.M. Castle & Co. |
2,333 | 20,810 | |||
| AMCOL International Corp. |
1,586 | 23,536 | |||
| Brush Engineered Materials, Inc.* |
1,389 | 19,266 | |||
| Coeur d’Alene Mines Corp.* |
6,261 | 5,885 | |||
| Haynes International, Inc.* |
1,451 | 25,857 | |||
| Horsehead Holding Corp.* |
6,565 | 36,108 | |||
| Kaiser Aluminum Corp. |
1,757 | 40,622 | |||
| Olympic Steel, Inc. |
2,172 | 32,949 | |||
| RTI International Metals, Inc.* |
3,080 | 36,036 | |||
| Stillwater Mining Co.* |
2,607 | 9,646 | |||
| Total Metals & Mining | 250,715 | ||||
| Multiline Retail – 0.0% | |||||
| Fred’s, Inc. Class A |
574 | 6,475 | |||
| Oil, Gas & Consumable Fuels – 4.8% | |||||
| Atlas America, Inc. |
802 | 7,017 | |||
| ATP Oil & Gas Corp.*(a) |
6,475 | 33,217 | |||
| Berry Petroleum Co. Class A |
13,562 | 148,639 | |||
| Brigham Exploration Co.* |
3,591 | 6,823 | |||
| Investments | Shares | Value | |||
| Carrizo Oil & Gas, Inc.* |
2,070 | $ | 18,382 | ||
| Clayton Williams Energy, Inc.* |
853 | 24,942 | |||
| Copano Energy LLC |
3,956 | 52,694 | |||
| Crosstex Energy, Inc. |
9,165 | 15,031 | |||
| Delek US Holdings, Inc. |
1,327 | 13,748 | |||
| Enbridge Energy Management LLC* |
844 | 24,451 | |||
| GMX Resources, Inc.* |
645 | 4,192 | |||
| Gulfport Energy Corp.* |
6,104 | 14,161 | |||
| Harvest Natural Resources, Inc.* |
7,942 | 26,923 | |||
| Parallel Petroleum Corp.* |
4,987 | 6,383 | |||
| Patriot Coal Corp.* |
5,701 | 21,151 | |||
| Petroleum Development Corp.* |
2,047 | 24,175 | |||
| Petroquest Energy, Inc.* |
4,417 | 10,601 | |||
| Stone Energy Corp.* |
13,812 | 45,994 | |||
| Swift Energy Co.* |
8,540 | 62,342 | |||
| TXCO Resources, Inc.* |
7,183 | 2,959 | |||
| USEC, Inc.*(a) |
5,022 | 24,106 | |||
| Vaalco Energy, Inc.* |
3,995 | 21,133 | |||
| Warren Resources, Inc.* |
10,833 | 10,400 | |||
| Western Refining, Inc. |
3,935 | 46,984 | |||
| Total Oil, Gas & Consumable Fuels | 666,448 | ||||
| Paper & Forest Products – 0.3% | |||||
| Buckeye Technologies, Inc.* |
6,306 | 13,432 | |||
| Deltic Timber Corp. |
59 | 2,325 | |||
| Glatfelter Co. |
1,725 | 10,764 | |||
| Neenah Paper, Inc. |
1,651 | 5,993 | |||
| Schweitzer-Mauduit International, Inc. |
405 | 7,476 | |||
| Total Paper & Forest Products | 39,990 | ||||
| Personal Products – 0.8% | |||||
| Bare Escentuals, Inc.* |
13,763 | 56,428 | |||
| Elizabeth Arden, Inc.* |
299 | 1,743 | |||
| Inter Parfums, Inc. |
2,089 | 12,179 | |||
| Prestige Brands Holdings, Inc.* |
2,313 | 11,982 | |||
| Revlon, Inc. Class A* |
3,684 | 9,136 | |||
| USANA Health Sciences, Inc.*(a) |
674 | 15,071 | |||
| Total Personal Products | 106,539 | ||||
| Pharmaceuticals – 0.6% | |||||
| Caraco Pharmaceutical Laboratories Ltd.* |
4,239 | 14,921 | |||
| KV Pharmaceutical Co. Class A* |
10,609 | 17,505 | |||
| Matrixx Initiatives, Inc.* |
417 | 6,839 | |||
| Noven Pharmaceuticals, Inc.* |
709 | 6,722 | |||
| Obagi Medical Products, Inc.* |
1,203 | 6,472 | |||
| Pain Therapeutics, Inc.* |
1,690 | 7,098 | |||
| Par Pharmaceutical Cos., Inc.* |
115 | 1,089 | |||
| Questcor Pharmaceuticals, Inc.* |
4,413 | 21,712 | |||
| Vivus, Inc.* |
838 | 3,620 | |||
| Total Pharmaceuticals | 85,978 | ||||
| Professional Services – 2.5% | |||||
| Administaff, Inc. |
1,534 | 32,413 | |||
| Advisory Board Co. (The)* |
729 | 12,087 | |||
| Barrett Business Services, Inc. |
604 | 5,810 | |||
| CBIZ, Inc.* |
2,205 | 15,369 | |||
See Notes to Financial Statements.
| 48 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| CDI Corp. |
1,746 | $ | 16,971 | ||
| CoStar Group, Inc.* |
403 | 12,191 | |||
| CRA International, Inc.* |
376 | 7,099 | |||
| Diamond Management & Technology |
1,019 | 2,598 | |||
| Exponent, Inc.* |
483 | 12,234 | |||
| Heidrick & Struggles International, Inc. |
1,215 | 21,554 | |||
| Hill International, Inc.* |
1,832 | 5,569 | |||
| ICF International, Inc.* |
812 | 18,652 | |||
| Kelly Services, Inc. Class A |
1,749 | 14,079 | |||
| Kforce, Inc.* |
2,470 | 17,364 | |||
| Korn/Ferry International* |
3,332 | 30,188 | |||
| LECG Corp.* |
709 | 1,801 | |||
| MPS Group, Inc.* |
6,508 | 38,723 | |||
| On Assignment, Inc.* |
2,158 | 5,848 | |||
| School Specialty, Inc.* |
1,181 | 20,774 | |||
| Spherion Corp.* |
7,160 | 14,893 | |||
| TrueBlue, Inc.* |
3,503 | 28,900 | |||
| Volt Information Sciences, Inc.* |
929 | 6,178 | |||
| VSE Corp. |
280 | 7,476 | |||
| Total Professional Services | 348,771 | ||||
| Real Estate Investment Trusts (REITs) – 2.0% | |||||
| Acadia Realty Trust |
968 | 10,271 | |||
| Agree Realty Corp. |
547 | 8,582 | |||
| Brandywine Realty Trust |
2,737 | 7,800 | |||
| CBL & Associates Properties, Inc.(a) |
1,993 | 4,704 | |||
| Cedar Shopping Centers, Inc. |
1,077 | 1,874 | |||
| Colonial Properties Trust |
333 | 1,269 | |||
| Cousins Properties, Inc.(a) |
309 | 1,990 | |||
| Developers Diversified Realty Corp.(a) |
15,547 | 33,115 | |||
| DiamondRock Hospitality Co. |
6,988 | 28,022 | |||
| First Potomac Realty Trust |
444 | 3,263 | |||
| General Growth Properties, Inc.(a) |
14,844 | 10,539 | |||
| Getty Realty Corp. |
838 | 15,377 | |||
| Hersha Hospitality Trust |
1,831 | 3,479 | |||
| HRPT Properties Trust |
6,554 | 20,907 | |||
| Investors Real Estate Trust* |
521 | 5,137 | |||
| Kite Realty Group Trust |
1,347 | 3,300 | |||
| LaSalle Hotel Properties |
1,377 | 8,042 | |||
| LTC Properties, Inc. |
907 | 15,909 | |||
| Medical Properties Trust, Inc. |
2,785 | 10,165 | |||
| Mission West Properties, Inc. |
527 | 3,373 | |||
| National Health Investors, Inc. |
1,217 | 32,701 | |||
| Saul Centers, Inc. |
381 | 8,752 | |||
| Sovran Self Storage, Inc. |
641 | 12,871 | |||
| Sunstone Hotel Investors, Inc. |
3,125 | 8,219 | |||
| Universal Health Realty Income Trust |
288 | 8,418 | |||
| Urstadt Biddle Properties, Inc. Class A |
660 | 8,857 | |||
| Total Real Estate Investment Trusts (REITs) | 276,936 | ||||
| Real Estate Management & Development – 0.1% | |||||
| Consolidated-Tomoka Land Co. |
196 | 5,821 | |||
| Forestar Group, Inc.* |
1,137 | 8,698 | |||
| Tejon Ranch Co.* |
107 | 2,212 | |||
| Total Real Estate Management & Development | 16,731 | ||||
| Investments | Shares | Value | |||
| Road & Rail – 0.2% | |||||
| Celadon Group, Inc.* |
618 | $ | 3,430 | ||
| Marten Transport Ltd.* |
539 | 10,069 | |||
| Saia, Inc.* |
540 | 6,453 | |||
| Universal Truckload Services, Inc.* |
603 | 8,647 | |||
| USA Truck, Inc.* |
84 | 1,086 | |||
| Total Road & Rail | 29,685 | ||||
| Semiconductors & Semiconductor Equipment – 3.1% |
|||||
| Advanced Energy Industries, Inc.* |
1,256 | 9,458 | |||
| ATMI, Inc.* |
1,617 | 24,950 | |||
| Cabot Microelectronics Corp.* |
895 | 21,507 | |||
| Cavium Networks, Inc.* |
475 | 5,482 | |||
| Cohu, Inc. |
193 | 1,390 | |||
| Diodes, Inc.* |
4,338 | 46,026 | |||
| Fairchild Semiconductor International, Inc.* |
10,170 | 37,934 | |||
| IXYS Corp. |
1,424 | 11,477 | |||
| Kopin Corp.* |
722 | 1,675 | |||
| Micrel, Inc. |
2,718 | 19,135 | |||
| Microtune, Inc.* |
1,226 | 2,231 | |||
| Monolithic Power Systems, Inc.* |
1,287 | 19,949 | |||
| NVE Corp.* |
178 | 5,128 | |||
| Omnivision Technologies, Inc.* |
6,919 | 46,496 | |||
| Pericom Semiconductor Corp.* |
1,832 | 13,392 | |||
| Power Integrations, Inc. |
912 | 15,686 | |||
| Semitool, Inc.* |
1,047 | 2,911 | |||
| Sigma Designs, Inc.* |
4,384 | 54,537 | |||
| Silicon Image, Inc.* |
1,586 | 3,806 | |||
| Standard Microsystems Corp.* |
1,178 | 21,911 | |||
| Supertex, Inc.* |
453 | 10,464 | |||
| Techwell, Inc.* |
1,041 | 6,569 | |||
| Teradyne, Inc.* |
3,114 | 13,639 | |||
| TriQuint Semiconductor, Inc.* |
7,227 | 17,851 | |||
| Ultratech, Inc.* |
484 | 6,045 | |||
| Volterra Semiconductor Corp.* |
1,355 | 11,436 | |||
| Total Semiconductors & Semiconductor Equipment | 431,085 | ||||
| Software – 2.7% | |||||
| Actuate Corp.* |
3,940 | 12,056 | |||
| Advent Software, Inc.*(a) |
421 | 14,024 | |||
| American Software, Inc. Class A |
694 | 3,657 | |||
| Blackbaud, Inc. |
1,409 | 16,359 | |||
| Commvault Systems, Inc.* |
1,035 | 11,354 | |||
| Double-Take Software, Inc.* |
1,052 | 7,112 | |||
| Epicor Software Corp.* |
3,116 | 11,872 | |||
| EPIQ Systems, Inc.* |
444 | 8,005 | |||
| FalconStor Software, Inc.* |
1,208 | 2,887 | |||
| i2 Technologies, Inc.* |
804 | 6,352 | |||
| Interactive Intelligence, Inc.* |
1,047 | 9,486 | |||
| JDA Software Group, Inc.* |
1,097 | 12,670 | |||
| Kenexa Corp.* |
1,911 | 10,300 | |||
| Lawson Software, Inc.* |
1,885 | 8,011 | |||
| Manhattan Associates, Inc.* |
1,172 | 20,299 | |||
| MicroStrategy, Inc. Class A* |
752 | 25,711 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Monotype Imaging Holdings, Inc.* |
1,679 | $ | 6,280 | ||
| Net 1 UEPS Technologies, Inc.* |
4,354 | 66,224 | |||
| Opnet Technologies, Inc.* |
103 | 893 | |||
| Pegasystems, Inc. |
449 | 8,338 | |||
| PROS Holdings, Inc.* |
1,014 | 4,715 | |||
| Radiant Systems, Inc.* |
2,121 | 9,354 | |||
| Renaissance Learning, Inc. |
740 | 6,638 | |||
| SPSS, Inc.* |
900 | 25,587 | |||
| Synchronoss Technologies, Inc.* |
933 | 11,439 | |||
| TeleCommunication Systems, Inc. Class A* |
1,236 | 11,334 | |||
| Tyler Technologies, Inc.* |
1,064 | 15,566 | |||
| Ultimate Software Group, Inc.* |
754 | 13,014 | |||
| VASCO Data Security International, Inc.* |
1,438 | 8,297 | |||
| Wind River Systems, Inc.* |
496 | 3,174 | |||
| Total Software | 371,008 | ||||
| Specialty Retail – 5.8% | |||||
| America’s Car-Mart, Inc.* |
881 | 11,973 | |||
| AnnTaylor Stores Corp.* |
3,656 | 19,011 | |||
| Asbury Automotive Group, Inc. |
5,056 | 21,791 | |||
| bebe Stores, Inc. |
4,655 | 31,049 | |||
| Blockbuster, Inc. Class A*(a) |
5,246 | 3,777 | |||
| Brown Shoe Co., Inc. |
2,028 | 7,605 | |||
| Cabela’s, Inc.* |
6,743 | 61,429 | |||
| Cato Corp. (The) Class A |
1,134 | 20,730 | |||
| Charlotte Russe Holding, Inc.* |
1,781 | 14,515 | |||
| Chico’s FAS, Inc.* |
133 | 714 | |||
| Christopher & Banks Corp. |
2,000 | 8,180 | |||
| Citi Trends, Inc.* |
628 | 14,375 | |||
| Collective Brands, Inc.* |
2,916 | 28,402 | |||
| Conn’s, Inc.* |
1,938 | 27,210 | |||
| Dress Barn, Inc.* |
4,330 | 53,216 | |||
| DSW, Inc. Class A*(a) |
1,955 | 18,162 | |||
| Genesco, Inc.* |
285 | 5,367 | |||
| Group 1 Automotive, Inc. |
1,638 | 22,883 | |||
| hhgregg, Inc.* |
2,529 | 35,785 | |||
| Hibbett Sports, Inc.* |
975 | 18,740 | |||
| HOT Topic, Inc.* |
1,262 | 14,122 | |||
| J Crew Group, Inc.*(a) |
4,280 | 56,410 | |||
| Jo-Ann Stores, Inc.* |
886 | 14,477 | |||
| JOS A Bank Clothiers, Inc.* |
1,142 | 31,759 | |||
| Lumber Liquidators, Inc.*(a) |
1,017 | 12,967 | |||
| Men’s Wearhouse, Inc. (The) |
3,031 | 45,889 | |||
| Midas, Inc.* |
789 | 6,249 | |||
| Monro Muffler, Inc. |
533 | 14,567 | |||
| New York & Co., Inc.* |
5,170 | 18,353 | |||
| Office Depot, Inc.* |
15,482 | 20,281 | |||
| Rex Stores Corp.* |
335 | 3,591 | |||
| Shoe Carnival, Inc.* |
580 | 6,003 | |||
| Sonic Automotive, Inc. Class A |
7,640 | 12,224 | |||
| Stage Stores, Inc. |
2,908 | 29,313 | |||
| Syms Corp.* |
51 | 312 | |||
| Systemax, Inc. |
3,659 | 47,274 | |||
| Ulta Salon Cosmetics & Fragrance, Inc.* |
1,598 | 10,579 | |||
| Investments | Shares | Value | |||
| Wet Seal, Inc. (The) Class A* |
8,167 | $ | 27,441 | ||
| Zumiez, Inc.* |
1,595 | 15,471 | |||
| Total Specialty Retail | 812,196 | ||||
| Textiles, Apparel & Luxury Goods – 2.3% | |||||
| American Apparel, Inc.* |
3,232 | 9,437 | |||
| Cherokee, Inc. |
540 | 8,424 | |||
| G-III Apparel Group Ltd.* |
1,383 | 7,634 | |||
| Iconix Brand Group, Inc.* |
4,366 | 38,639 | |||
| Jones Apparel Group, Inc. |
1,380 | 5,824 | |||
| K-Swiss, Inc. Class A |
760 | 6,490 | |||
| Maidenform Brands, Inc.* |
1,628 | 14,913 | |||
| Movado Group, Inc. |
4,347 | 32,776 | |||
| Quiksilver, Inc.* |
25,242 | 32,310 | |||
| Skechers U.S.A., Inc. Class A* |
4,323 | 28,834 | |||
| Steven Madden Ltd.* |
681 | 12,789 | |||
| Timberland Co. Class A* |
2,740 | 32,716 | |||
| True Religion Apparel, Inc.* |
2,018 | 23,833 | |||
| UniFirst Corp. |
1,289 | 35,886 | |||
| Volcom, Inc.*(a) |
2,058 | 19,963 | |||
| Weyco Group, Inc. |
382 | 9,901 | |||
| Total Textiles, Apparel & Luxury Goods | 320,369 | ||||
| Thrifts & Mortgage Finance – 0.7% | |||||
| Bank Mutual Corp. |
849 | 7,692 | |||
| Berkshire Hills Bancorp, Inc. |
421 | 9,649 | |||
| Brookline Bancorp, Inc. |
699 | 6,640 | |||
| Clifton Savings Bancorp, Inc. |
192 | 1,920 | |||
| Dime Community Bancshares |
1,419 | 13,310 | |||
| ESSA Bancorp, Inc. |
252 | 3,354 | |||
| First Financial Holdings, Inc. |
661 | 5,057 | |||
| Flushing Financial Corp. |
895 | 5,388 | |||
| OceanFirst Financial Corp. |
565 | 5,774 | |||
| Ocwen Financial Corp.* |
1,620 | 18,517 | |||
| Provident New York Bancorp |
1,150 | 9,833 | |||
| Roma Financial Corp. |
209 | 2,707 | |||
| ViewPoint Financial Group |
204 | 2,454 | |||
| Westfield Financial, Inc. |
495 | 4,356 | |||
| WSFS Financial Corp. |
342 | 7,647 | |||
| Total Thrifts & Mortgage Finance | 104,298 | ||||
| Tobacco – 0.1% | |||||
| Alliance One International, Inc.* |
3,234 | 12,419 | |||
| Trading Companies & Distributors – 2.1% | |||||
| Aceto Corp. |
953 | 5,680 | |||
| Beacon Roofing Supply, Inc.* |
1,149 | 15,385 | |||
| DXP Enterprises, Inc.* |
956 | 9,875 | |||
| H&E Equipment Services, Inc.* |
4,969 | 32,547 | |||
| Houston Wire & Cable Co. |
1,727 | 13,384 | |||
| Interline Brands, Inc.* |
2,760 | 23,267 | |||
| Kaman Corp. |
1,259 | 15,788 | |||
| Lawson Products, Inc. |
83 | 1,010 | |||
| Rush Enterprises, Inc. Class A* |
2,451 | 21,863 | |||
| TAL International Group, Inc.* |
2,387 | 17,473 | |||
| WESCO International, Inc.* |
7,938 | 143,837 | |||
| Total Trading Companies & Distributors | 300,109 | ||||
See Notes to Financial Statements.
| 50 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Earnings Fund
March 31, 2009
| Investments | Shares | Value | ||||
| Water Utilities – 0.3% | ||||||
| American States Water Co. |
493 | $ | 17,906 | |||
| Middlesex Water Co. |
441 | 6,350 | ||||
| SJW Corp. |
471 | 11,978 | ||||
| Southwest Water Co. |
721 | 3,100 | ||||
| Total Water Utilities | 39,334 | |||||
| TOTAL COMMON STOCKS (Cost: $20,115,239) |
13,907,437 | |||||
| SHORT-TERM INVESTMENT – 0.2% | ||||||
| MONEY MARKET FUND – 0.2% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $25,382) |
25,382 | 25,382 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.1% | ||||||
| MONEY MARKET FUND – 4.1% | ||||||
| Dreyfus Institutional Preferred Money Market (Cost: $578,044)(d) |
578,044 | 578,044 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 104.0% (Cost: $20,718,665) |
14,510,863 | |||||
| Liabilities in Excess of Cash and Other |
(563,224 | ) | ||||
| NET ASSETS – 100.0% | $ | 13,947,639 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $556,133 and the total market value of the collateral held by the Fund was $578,044. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 51 |
Table of Contents
WisdomTree Earnings Top 100 Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.6% | |||||
| Advertising – 0.8% | |||||
| Omnicom Group, Inc. |
2,751 | $ | 64,373 | ||
| Aerospace & Defense – 5.4% | |||||
| Boeing Co. |
1,939 | 68,990 | |||
| General Dynamics Corp. |
1,349 | 56,105 | |||
| Honeywell International, Inc. |
2,301 | 64,106 | |||
| Northrop Grumman Corp. |
1,586 | 69,213 | |||
| Precision Castparts Corp. |
1,315 | 78,768 | |||
| Raytheon Co. |
1,294 | 50,388 | |||
| Rockwell Collins, Inc. |
2,126 | 69,393 | |||
| Total Aerospace & Defense | 456,963 | ||||
| Capital Markets – 4.0% | |||||
| Franklin Resources, Inc. |
1,132 | 60,981 | |||
| Goldman Sachs Group, Inc. (The) |
1,952 | 206,951 | |||
| TD Ameritrade Holding Corp.* |
5,009 | 69,174 | |||
| Total Capital Markets | 337,106 | ||||
| Chemicals – 4.0% | |||||
| Air Products & Chemicals, Inc. |
1,380 | 77,625 | |||
| Dow Chemical Co. (The) |
4,466 | 37,648 | |||
| E.I. Du Pont de Nemours & Co. |
2,996 | 66,901 | |||
| Mosaic Co. (The) |
3,781 | 158,727 | |||
| Total Chemicals | 340,901 | ||||
| Communications Equipment – 4.2% | |||||
| Corning, Inc. |
27,237 | 361,435 | |||
| Computers & Peripherals – 1.6% | |||||
| Dell, Inc.* |
6,807 | 64,530 | |||
| International Business Machines Corp. |
782 | 75,768 | |||
| Total Computers & Peripherals | 140,298 | ||||
| Consumer Finance – 1.0% | |||||
| Capital One Financial Corp. |
2,826 | 34,590 | |||
| Discover Financial Services |
8,542 | 53,900 | |||
| Total Consumer Finance | 88,490 | ||||
| Diversified Financial Services – 0.6% | |||||
| NYSE Euronext |
2,620 | 46,898 | |||
| Diversified Telecommunication Services – 1.1% | |||||
| Qwest Communications International, Inc. |
28,109 | 96,133 | |||
| Electric Utilities – 0.8% | |||||
| Edison International |
2,218 | 63,901 | |||
| Electronic Equipment, Instruments & Components – 0.7% |
|||||
| Agilent Technologies, Inc.* |
3,982 | 61,203 | |||
| Energy Equipment & Services – 4.5% | |||||
| Baker Hughes, Inc. |
3,110 | 88,791 | |||
| Diamond Offshore Drilling, Inc. |
1,093 | 68,706 | |||
| Halliburton Co. |
4,084 | 63,179 | |||
| National Oilwell Varco, Inc.* |
3,615 | 103,787 | |||
| Smith International, Inc. |
2,890 | 62,077 | |||
| Total Energy Equipment & Services | 386,540 | ||||
| Investments | Shares | Value | |||
| Food Products – 1.0% | |||||
| Archer-Daniels-Midland Co. |
3,042 | $ | 84,507 | ||
| Gas Utilities – 0.8% | |||||
| Questar Corp. |
2,323 | 68,366 | |||
| Health Care Equipment & Supplies – 0.7% | |||||
| Zimmer Holdings, Inc.* |
1,748 | 63,802 | |||
| Health Care Providers & Services – 6.2% | |||||
| Aetna, Inc. |
4,832 | 117,563 | |||
| Cardinal Health, Inc. |
2,115 | 66,580 | |||
| Humana, Inc.* |
2,832 | 73,858 | |||
| McKesson Corp. |
1,893 | 66,331 | |||
| UnitedHealth Group, Inc. |
4,074 | 85,269 | |||
| WellPoint, Inc.* |
3,097 | 117,593 | |||
| Total Health Care Providers & Services | 527,194 | ||||
| Household Durables – 0.6% | |||||
| Fortune Brands, Inc. |
2,109 | 51,776 | |||
| Independent Power Producers & Energy Traders – 1.7% |
|||||
| AES Corp. (The)* |
11,217 | 65,171 | |||
| NRG Energy, Inc.* |
4,499 | 79,182 | |||
| Total Independent Power Producers & Energy Traders | 144,353 | ||||
| Industrial Conglomerates – 0.5% | |||||
| General Electric Co. |
4,299 | 43,463 | |||
| Insurance – 6.4% | |||||
| Allstate Corp. (The) |
3,623 | 69,381 | |||
| Chubb Corp. |
1,489 | 63,015 | |||
| Loews Corp. |
3,244 | 71,692 | |||
| Metlife, Inc. |
3,165 | 72,067 | |||
| Prudential Financial, Inc. |
5,647 | 107,406 | |||
| Travelers Cos., Inc. (The) |
1,924 | 78,191 | |||
| Unum Group |
6,396 | 79,950 | |||
| Total Insurance | 541,702 | ||||
| Internet Software & Services – 0.7% | |||||
| eBay, Inc.* |
4,935 | 61,984 | |||
| Leisure Equipment & Products – 0.6% | |||||
| Mattel, Inc. |
4,710 | 54,306 | |||
| Machinery – 7.2% | |||||
| Caterpillar, Inc. |
2,259 | 63,162 | |||
| Cummins, Inc. |
4,380 | 111,471 | |||
| Deere & Co. |
2,152 | 70,736 | |||
| Dover Corp. |
2,612 | 68,905 | |||
| Eaton Corp. |
2,288 | 84,336 | |||
| Illinois Tool Works, Inc. |
2,039 | 62,903 | |||
| PACCAR, Inc. |
2,578 | 66,409 | |||
| Parker Hannifin Corp. |
2,484 | 84,406 | |||
| Total Machinery | 612,328 | ||||
| Media – 6.2% | |||||
| DISH Network Corp. Class A* |
10,946 | 121,610 | |||
| McGraw-Hill Cos., Inc. (The) |
2,717 | 62,138 | |||
See Notes to Financial Statements.
| 52 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Earnings Top 100 Fund
March 31, 2009
| Investments | Shares | Value | |||
| News Corp. Class A |
18,957 | $ | 125,495 | ||
| Time Warner Cable, Inc. Class A* |
589 | 14,619 | |||
| Time Warner, Inc.* |
2,348 | 45,323 | |||
| Viacom, Inc. Class B* |
6,046 | 105,080 | |||
| Walt Disney Co. (The) |
2,884 | 52,373 | |||
| Total Media | 526,638 | ||||
| Metals & Mining – 7.0% | |||||
| Alcoa, Inc. |
12,595 | 92,447 | |||
| Freeport-McMoRan Copper & Gold, Inc. |
8,147 | 310,482 | |||
| Nucor Corp. |
2,526 | 96,418 | |||
| Southern Copper Corp. |
5,774 | 100,583 | |||
| Total Metals & Mining | 599,930 | ||||
| Multiline Retail – 0.7% | |||||
| Target Corp. |
1,852 | 63,690 | |||
| Office Electronics – 0.8% | |||||
| Xerox Corp. |
14,891 | 67,754 | |||
| Oil, Gas & Consumable Fuels – 20.3% | |||||
| Anadarko Petroleum Corp. |
2,022 | 78,636 | |||
| Apache Corp. |
1,578 | 101,134 | |||
| Chesapeake Energy Corp. |
6,346 | 108,263 | |||
| Chevron Corp. |
1,248 | 83,915 | |||
| ConocoPhillips |
2,845 | 111,410 | |||
| Devon Energy Corp. |
1,417 | 63,326 | |||
| El Paso Corp. |
15,472 | 96,700 | |||
| EOG Resources, Inc. |
974 | 53,336 | |||
| Exxon Mobil Corp. |
971 | 66,125 | |||
| Hess Corp. |
2,051 | 111,164 | |||
| Marathon Oil Corp. |
5,425 | 142,623 | |||
| Murphy Oil Corp. |
2,897 | 129,699 | |||
| Noble Energy, Inc. |
1,918 | 103,342 | |||
| Occidental Petroleum Corp. |
1,989 | 110,688 | |||
| Peabody Energy Corp. |
3,410 | 85,386 | |||
| Spectra Energy Corp. |
5,058 | 71,520 | |||
| Valero Energy Corp. |
7,520 | 134,608 | |||
| Williams Cos., Inc. (The) |
6,754 | 76,861 | |||
| Total Oil, Gas & Consumable Fuels | 1,728,736 | ||||
| Paper & Forest Products – 0.6% | |||||
| International Paper Co. |
7,641 | 53,793 | |||
| Pharmaceuticals – 0.9% | |||||
| Forest Laboratories, Inc.* |
3,343 | 73,412 | |||
| Road & Rail – 0.6% | |||||
| CSX Corp. |
1,838 | 47,512 | |||
| Semiconductors & Semiconductor Equipment – 1.7% |
|||||
| Analog Devices, Inc. |
3,437 | 66,231 | |||
| Texas Instruments, Inc. |
5,012 | 82,748 | |||
| Total Semiconductors & Semiconductor Equipment | 148,979 | ||||
| Software – 0.7% | |||||
| Microsoft Corp. |
3,430 | 63,009 | |||
| Investments | Shares | Value | |||
| Specialty Retail – 2.3% | |||||
| Best Buy Co., Inc. |
3,528 | $ | 133,923 | ||
| Gap, Inc. (The) |
4,854 | 63,053 | |||
| Total Specialty Retail | 196,976 | ||||
| Textiles, Apparel & Luxury Goods – 1.6% | |||||
| Coach, Inc.* |
3,843 | 64,178 | |||
| VF Corp. |
1,284 | 73,329 | |||
| Total Textiles, Apparel & Luxury Goods | 137,507 | ||||
| Tobacco – 1.1% | |||||
| Altria Group, Inc. |
5,760 | 92,275 | |||
| TOTAL COMMON STOCKS (Cost: $11,736,300) |
8,498,233 | ||||
| SHORT-TERM INVESTMENT – 0.3% | |||||
| MONEY MARKET FUND – 0.3% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $21,622) |
21,622 | 21,622 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $11,757,922) |
8,519,855 | ||||
| Other Assets in Excess of Liabilities – 0.1% |
11,403 | ||||
| NET ASSETS – 100.0% | $ | 8,531,258 | |||
| * | Non-income producing security. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 53 |
Table of Contents
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.6% | |||||
| Advertising – 0.3% | |||||
| Omnicom Group, Inc. |
2,424 | $ | 56,722 | ||
| Aerospace & Defense – 3.2% | |||||
| AAR Corp.* |
316 | 3,963 | |||
| BE Aerospace, Inc.* |
1,552 | 13,456 | |||
| Boeing Co. |
5,950 | 211,701 | |||
| Ceradyne, Inc.* |
298 | 5,403 | |||
| General Dynamics Corp. |
2,652 | 110,297 | |||
| Goodrich Corp. |
1,138 | 43,119 | |||
| Hexcel Corp.* |
765 | 5,026 | |||
| Honeywell International, Inc. |
4,612 | 128,490 | |||
| Ladish Co., Inc.* |
123 | 893 | |||
| Precision Castparts Corp. |
1,105 | 66,189 | |||
| Rockwell Collins, Inc. |
1,155 | 37,699 | |||
| Spirit Aerosystems Holdings, Inc. Class A* |
2,088 | 20,817 | |||
| Triumph Group, Inc. |
138 | 5,272 | |||
| Total Aerospace & Defense | 652,325 | ||||
| Air Freight & Logistics – 0.0% | |||||
| Atlas Air Worldwide Holdings, Inc.* |
191 | 3,314 | |||
| Pacer International, Inc. |
468 | 1,638 | |||
| Total Air Freight & Logistics | 4,952 | ||||
| Airlines – 0.0% | |||||
| Republic Airways Holdings, Inc.* |
566 | 3,667 | |||
| Skywest, Inc. |
488 | 6,071 | |||
| Total Airlines | 9,738 | ||||
| Auto Components – 0.2% | |||||
| Autoliv, Inc. |
881 | 16,360 | |||
| Exide Technologies* |
771 | 2,313 | |||
| Goodyear Tire & Rubber Co. (The)* |
3,336 | 20,883 | |||
| WABCO Holdings, Inc. |
963 | 11,855 | |||
| Total Auto Components | 51,411 | ||||
| Automobiles – 0.2% | |||||
| Harley-Davidson, Inc.(a) |
2,900 | 38,831 | |||
| Thor Industries, Inc. |
455 | 7,107 | |||
| Total Automobiles | 45,938 | ||||
| Beverages – 0.6% | |||||
| Coca-Cola Enterprises, Inc. |
3,536 | 46,640 | |||
| Dr. Pepper Snapple Group, Inc.* |
1,649 | 27,885 | |||
| Pepsi Bottling Group, Inc. |
1,600 | 35,424 | |||
| PepsiAmericas, Inc. |
794 | 13,696 | |||
| Total Beverages | 123,645 | ||||
| Building Products – 0.1% | |||||
| Ameron International Corp. |
60 | 3,160 | |||
| Apogee Enterprises, Inc. |
332 | 3,645 | |||
| Armstrong World Industries, Inc. |
363 | 3,997 | |||
| Gibraltar Industries, Inc. |
211 | 996 | |||
| NCI Building Systems, Inc.* |
325 | 721 | |||
| Total Building Products | 12,519 | ||||
| Investments | Shares | Value | |||
| Capital Markets – 4.0% | |||||
| Affiliated Managers Group, Inc.* |
253 | $ | 10,553 | ||
| Ameriprise Financial, Inc. |
1,607 | 32,927 | |||
| Apollo Investment Corp. |
1,250 | 4,350 | |||
| Federated Investors, Inc. Class B |
717 | 15,960 | |||
| Franklin Resources, Inc. |
1,599 | 86,138 | |||
| GFI Group, Inc. |
1,577 | 5,062 | |||
| Goldman Sachs Group, Inc. (The) |
5,782 | 613,008 | |||
| Hercules Technology Growth Capital, Inc. |
462 | 2,310 | |||
| Investment Technology Group, Inc.* |
338 | 8,626 | |||
| Janus Capital Group, Inc. |
1,630 | 10,839 | |||
| optionsXpress Holdings, Inc. |
503 | 5,719 | |||
| Prospect Capital Corp. |
327 | 2,786 | |||
| thinkorswim Group, Inc.* |
768 | 6,636 | |||
| Waddell & Reed Financial, Inc. Class A |
636 | 11,493 | |||
| Total Capital Markets | 816,407 | ||||
| Chemicals – 3.6% | |||||
| Albemarle Corp. |
788 | 17,155 | |||
| Ashland, Inc. |
941 | 9,720 | |||
| Celanese Corp. Series A |
3,561 | 47,611 | |||
| CF Industries Holdings, Inc. |
806 | 57,331 | |||
| Cytec Industries, Inc. |
596 | 8,952 | |||
| Dow Chemical Co. (The) |
7,649 | 64,481 | |||
| E.I. Du Pont de Nemours & Co. |
6,775 | 151,286 | |||
| Eastman Chemical Co. |
882 | 23,638 | |||
| Innophos Holdings, Inc. |
642 | 7,242 | |||
| Koppers Holdings, Inc. |
181 | 2,628 | |||
| Lubrizol Corp. |
484 | 16,461 | |||
| Mosaic Co. (The) |
5,481 | 230,092 | |||
| NewMarket Corp. |
133 | 5,892 | |||
| Olin Corp. |
589 | 8,405 | |||
| OM Group, Inc.* |
695 | 13,427 | |||
| Rockwood Holdings, Inc.* |
833 | 6,614 | |||
| RPM International, Inc. |
1,110 | 14,130 | |||
| Terra Industries, Inc. |
2,046 | 57,472 | |||
| W.R. Grace & Co.* |
1,222 | 7,723 | |||
| Total Chemicals | 750,260 | ||||
| Commercial Banks – 0.0% | |||||
| Old Second Bancorp, Inc.(a) |
100 | 635 | |||
| Sterling Financial Corp. |
357 | 739 | |||
| Wilshire Bancorp, Inc. |
199 | 1,027 | |||
| Total Commercial Banks | 2,401 | ||||
| Commercial Services & Supplies – 0.4% | |||||
| American Reprographics Co.* |
594 | 2,103 | |||
| ATC Technology Corp.* |
190 | 2,128 | |||
| Brink’s Co. (The) |
509 | 13,468 | |||
| Cenveo, Inc.* |
502 | 1,631 | |||
| Comfort Systems USA, Inc. |
298 | 3,090 | |||
| Deluxe Corp. |
534 | 5,142 | |||
| Ennis, Inc. |
234 | 2,073 | |||
| Herman Miller, Inc. |
660 | 7,036 | |||
| HNI Corp. |
303 | 3,151 | |||
See Notes to Financial Statements.
| 54 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Interface, Inc. Class A |
708 | $ | 2,117 | ||
| Knoll, Inc. |
585 | 3,586 | |||
| M&F Worldwide Corp.* |
284 | 3,326 | |||
| R.R. Donnelley & Sons Co. |
2,649 | 19,417 | |||
| Steelcase, Inc. Class A |
1,160 | 5,812 | |||
| United Stationers, Inc.* |
200 | 5,616 | |||
| Total Commercial Services & Supplies | 79,696 | ||||
| Communications Equipment – 2.7% | |||||
| Airvana, Inc.* |
1,187 | 6,944 | |||
| Black Box Corp. |
108 | 2,550 | |||
| Brocade Communications Systems, Inc.* |
3,376 | 11,647 | |||
| Ciena Corp.*(a) |
1,015 | 7,897 | |||
| CommScope, Inc.* |
637 | 7,236 | |||
| Corning, Inc. |
38,123 | 505,892 | |||
| Harmonic, Inc.* |
657 | 4,271 | |||
| Plantronics, Inc. |
357 | 4,309 | |||
| Total Communications Equipment | 550,746 | ||||
| Computers & Peripherals – 1.3% | |||||
| Dell, Inc.* |
14,879 | 141,053 | |||
| Lexmark International, Inc. Class A* |
728 | 12,281 | |||
| NCR Corp.* |
1,245 | 9,898 | |||
| Teradata Corp.* |
1,068 | 17,323 | |||
| Western Digital Corp.* |
5,121 | 99,040 | |||
| Total Computers & Peripherals | 279,595 | ||||
| Construction & Engineering – 0.2% | |||||
| Dycom Industries, Inc.* |
236 | 1,366 | |||
| EMCOR Group, Inc.* |
519 | 8,911 | |||
| KBR, Inc. |
1,087 | 15,012 | |||
| MasTec, Inc.* |
389 | 4,703 | |||
| Michael Baker Corp.* |
50 | 1,300 | |||
| Northwest Pipe Co.* |
49 | 1,395 | |||
| Perini Corp.* |
325 | 3,997 | |||
| Total Construction & Engineering | 36,684 | ||||
| Consumer Finance – 0.4% | |||||
| Capital One Financial Corp. |
3,532 | 43,232 | |||
| Cash America International, Inc. |
212 | 3,320 | |||
| Credit Acceptance Corp.*(a) |
268 | 5,759 | |||
| Discover Financial Services |
3,782 | 23,864 | |||
| Student Loan Corp. (The) |
159 | 6,907 | |||
| World Acceptance Corp.* |
167 | 2,856 | |||
| Total Consumer Finance | 85,938 | ||||
| Containers & Packaging – 0.4% | |||||
| Crown Holdings, Inc.* |
2,190 | 49,779 | |||
| Greif, Inc. Class A |
350 | 11,651 | |||
| Owens-Illinois, Inc.* |
1,181 | 17,054 | |||
| Total Containers & Packaging | 78,484 | ||||
| Diversified Consumer Services – 0.1% | |||||
| Pre-Paid Legal Services, Inc.*(a) |
94 | 2,729 | |||
| Regis Corp. |
352 | 5,086 | |||
| Service Corp. International |
3,018 | 10,533 | |||
| Sotheby’s(a) |
980 | 8,820 | |||
| Investments | Shares | Value | |||
| Stewart Enterprises, Inc. Class A |
845 | $ | 2,738 | ||
| Total Diversified Consumer Services | 29,906 | ||||
| Diversified Financial Services – 0.3% | |||||
| Leucadia National Corp.* |
1,879 | 27,978 | |||
| NYSE Euronext |
1,649 | 29,517 | |||
| Total Diversified Financial Services | 57,495 | ||||
| Diversified Telecommunication Services – 0.8% | |||||
| Alaska Communications Systems Group, Inc. |
943 | 6,318 | |||
| CenturyTel, Inc. |
892 | 25,083 | |||
| Cincinnati Bell, Inc.* |
2,599 | 5,978 | |||
| Embarq Corp. |
1,452 | 54,958 | |||
| Qwest Communications International, Inc. |
13,445 | 45,982 | |||
| Windstream Corp. |
3,441 | 27,734 | |||
| Total Diversified Telecommunication Services | 166,053 | ||||
| Electrical Equipment – 0.6% | |||||
| Acuity Brands, Inc. |
279 | 6,289 | |||
| AZZ, Inc.* |
90 | 2,375 | |||
| Baldor Electric Co. |
374 | 5,419 | |||
| Belden, Inc. |
388 | 4,854 | |||
| Brady Corp. Class A |
358 | 6,312 | |||
| EnerSys* |
532 | 6,448 | |||
| General Cable Corp.* |
815 | 16,153 | |||
| GrafTech International Ltd.* |
1,588 | 9,782 | |||
| Hubbell, Inc. Class B |
433 | 11,674 | |||
| Polypore International, Inc.* |
321 | 1,290 | |||
| Regal-Beloit Corp. |
238 | 7,292 | |||
| Rockwell Automation, Inc. |
1,163 | 25,400 | |||
| Thomas & Betts Corp.* |
505 | 12,635 | |||
| Total Electrical Equipment | 115,923 | ||||
| Electronic Equipment, Instruments & Components – 0.6% |
|||||
| Anixter International, Inc.* |
573 | 18,153 | |||
| Arrow Electronics, Inc.* |
1,340 | 25,540 | |||
| Avnet, Inc.* |
1,658 | 29,032 | |||
| Checkpoint Systems, Inc.* |
344 | 3,086 | |||
| Ingram Micro, Inc. Class A* |
1,384 | 17,494 | |||
| Methode Electronics, Inc. |
322 | 1,153 | |||
| Multi-Fineline Electronix, Inc.* |
221 | 3,722 | |||
| Newport Corp.* |
263 | 1,162 | |||
| Plexus Corp.* |
305 | 4,215 | |||
| Scansource, Inc.* |
182 | 3,381 | |||
| SYNNEX Corp.* |
509 | 10,012 | |||
| Tech Data Corp.* |
408 | 8,886 | |||
| TTM Technologies, Inc.* |
513 | 2,975 | |||
| Total Electronic Equipment, Instruments & Components | 128,811 | ||||
| Energy Equipment & Services – 4.3% | |||||
| Allis-Chalmers Energy, Inc.* |
615 | 1,187 | |||
| Atwood Oceanics, Inc.* |
893 | 14,815 | |||
| Baker Hughes, Inc. |
3,329 | 95,043 | |||
| Basic Energy Services, Inc.* |
418 | 2,704 | |||
| BJ Services Co. |
3,327 | 33,104 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Bristow Group, Inc.* |
221 | $ | 4,736 | ||
| Cal Dive International, Inc.* |
877 | 5,937 | |||
| Cameron International Corp.* |
1,821 | 39,935 | |||
| Complete Production Services, Inc.* |
1,313 | 4,044 | |||
| Diamond Offshore Drilling, Inc. |
1,213 | 76,249 | |||
| Dresser-Rand Group, Inc.* |
608 | 13,437 | |||
| Dril-Quip, Inc.* |
353 | 10,837 | |||
| ENSCO International, Inc. |
2,421 | 63,914 | |||
| Exterran Holdings, Inc.* |
465 | 7,449 | |||
| Gulf Island Fabrication, Inc. |
202 | 1,618 | |||
| Gulfmark Offshore, Inc.* |
310 | 7,397 | |||
| Halliburton Co. |
6,588 | 101,916 | |||
| Helix Energy Solutions Group, Inc.* |
2,597 | 13,349 | |||
| Helmerich & Payne, Inc. |
1,311 | 29,851 | |||
| Hercules Offshore, Inc.* |
1,016 | 1,605 | |||
| Hornbeck Offshore Services, Inc.* |
398 | 6,066 | |||
| ION Geophysical Corp.* |
1,401 | 2,186 | |||
| Key Energy Services, Inc.* |
2,114 | 6,088 | |||
| National Oilwell Varco, Inc.* |
4,634 | 133,042 | |||
| Oceaneering International, Inc.* |
438 | 16,149 | |||
| Oil States International, Inc.* |
875 | 11,743 | |||
| Parker Drilling Co.* |
1,950 | 3,588 | |||
| Patterson-UTI Energy, Inc. |
2,048 | 18,350 | |||
| Pioneer Drilling Co.* |
779 | 2,555 | |||
| Pride International, Inc.* |
2,193 | 39,430 | |||
| Rowan Cos., Inc. |
1,740 | 20,828 | |||
| Smith International, Inc. |
1,923 | 41,306 | |||
| Superior Energy Services, Inc.* |
1,253 | 16,151 | |||
| Superior Well Services, Inc.* |
252 | 1,293 | |||
| Tidewater, Inc. |
535 | 19,865 | |||
| Unit Corp.* |
809 | 16,924 | |||
| Total Energy Equipment & Services | 884,691 | ||||
| Food & Staples Retailing – 0.2% | |||||
| Andersons, Inc. (The) |
311 | 4,397 | |||
| Ingles Markets, Inc. Class A |
187 | 2,792 | |||
| SUPERVALU, Inc. |
2,663 | 38,028 | |||
| Total Food & Staples Retailing | 45,217 | ||||
| Food Products – 0.8% | |||||
| Archer-Daniels-Midland Co. |
5,290 | 146,956 | |||
| Cal-Maine Foods, Inc. |
346 | 7,747 | |||
| Corn Products International, Inc. |
548 | 11,618 | |||
| Darling International, Inc.* |
1,124 | 4,170 | |||
| Total Food Products | 170,491 | ||||
| Gas Utilities – 0.4% | |||||
| Energen Corp. |
743 | 21,644 | |||
| Oneok, Inc. |
799 | 18,081 | |||
| Questar Corp. |
1,296 | 38,141 | |||
| Total Gas Utilities | 77,866 | ||||
| Health Care Equipment & Supplies – 0.4% | |||||
| Kinetic Concepts, Inc.* |
646 | 13,644 | |||
| Sirona Dental Systems, Inc.* |
526 | 7,532 | |||
| Investments | Shares | Value | |||
| Zimmer Holdings, Inc.* |
1,457 | $ | 53,180 | ||
| Total Health Care Equipment & Supplies | 74,356 | ||||
| Health Care Providers & Services – 3.7% | |||||
| Aetna, Inc. |
4,309 | 104,838 | |||
| AMERIGROUP Corp.* |
322 | 8,868 | |||
| AMN Healthcare Services, Inc.* |
277 | 1,413 | |||
| Cigna Corp. |
3,685 | 64,819 | |||
| Coventry Health Care, Inc.* |
2,216 | 28,675 | |||
| Gentiva Health Services, Inc.* |
165 | 2,508 | |||
| Health Management Associates, Inc. Class A* |
2,782 | 7,178 | |||
| Health Net, Inc.* |
1,316 | 19,056 | |||
| Healthspring, Inc.* |
359 | 3,005 | |||
| Healthways, Inc.* |
343 | 3,008 | |||
| Humana, Inc.* |
1,316 | 34,321 | |||
| inVentiv Health, Inc.* |
277 | 2,260 | |||
| Kindred Healthcare, Inc.* |
279 | 4,171 | |||
| LifePoint Hospitals, Inc.* |
366 | 7,635 | |||
| Lincare Holdings, Inc.* |
575 | 12,535 | |||
| McKesson Corp. |
1,787 | 62,616 | |||
| Res-Care, Inc.* |
188 | 2,737 | |||
| Sun Healthcare Group, Inc.* |
481 | 4,060 | |||
| Triple-S Management Corp. Class B* |
198 | 2,439 | |||
| UnitedHealth Group, Inc. |
9,047 | 189,354 | |||
| Universal American Corp.* |
653 | 5,531 | |||
| WellPoint, Inc.* |
4,983 | 189,204 | |||
| Total Health Care Providers & Services | 760,231 | ||||
| Health Care Technology – 0.1% | |||||
| Eclipsys Corp.* |
486 | 4,928 | |||
| HLTH Corp.* |
1,324 | 13,703 | |||
| Total Health Care Technology | 18,631 | ||||
| Hotels, Restaurants & Leisure – 0.6% | |||||
| Ameristar Casinos, Inc. |
437 | 5,497 | |||
| Bally Technologies, Inc.* |
321 | 5,913 | |||
| Bob Evans Farms, Inc. |
185 | 4,148 | |||
| CEC Entertainment, Inc.* |
142 | 3,675 | |||
| Cheesecake Factory (The)* |
411 | 4,706 | |||
| Cracker Barrel Old Country Store, Inc. |
190 | 5,441 | |||
| Darden Restaurants, Inc. |
783 | 26,825 | |||
| Domino’s Pizza, Inc.* |
747 | 4,893 | |||
| Life Time Fitness, Inc.* |
421 | 5,288 | |||
| MGM Mirage*(a) |
1,511 | 3,521 | |||
| Sonic Corp.* |
324 | 3,246 | |||
| Speedway Motorsports, Inc. |
245 | 2,896 | |||
| Starwood Hotels & Resorts Worldwide, Inc. |
1,580 | 20,066 | |||
| Vail Resorts, Inc.* |
251 | 5,128 | |||
| Wyndham Worldwide Corp. |
3,394 | 14,255 | |||
| Total Hotels, Restaurants & Leisure | 115,498 | ||||
| Household Durables – 0.6% | |||||
| Black & Decker Corp. |
627 | 19,788 | |||
| Blyth, Inc.* |
117 | 3,057 | |||
| Ethan Allen Interiors, Inc. |
198 | 2,229 | |||
| Fortune Brands, Inc. |
1,178 | 28,920 | |||
See Notes to Financial Statements.
| 56 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Harman International Industries, Inc. |
373 | $ | 5,047 | ||
| Sealy Corp.* |
1,362 | 2,029 | |||
| Snap-On, Inc. |
377 | 9,463 | |||
| Stanley Works (The) |
615 | 17,909 | |||
| Tempur-Pedic International, Inc.(a) |
926 | 6,760 | |||
| Tupperware Brands Corp. |
490 | 8,325 | |||
| Whirlpool Corp. |
750 | 22,193 | |||
| Total Household Durables | 125,720 | ||||
| Household Products – 0.1% | |||||
| Energizer Holdings, Inc.* |
434 | 21,565 | |||
| Independent Power Producers & Energy Traders – 0.5% |
|||||
| AES Corp. (The)* |
5,577 | 32,402 | |||
| Mirant Corp.* |
1,898 | 21,637 | |||
| NRG Energy, Inc.* |
2,388 | 42,029 | |||
| Total Independent Power Producers & Energy Traders | 96,068 | ||||
| Industrial Conglomerates – 3.9% | |||||
| Carlisle Cos., Inc. |
535 | 10,502 | |||
| General Electric Co. |
74,556 | 753,761 | |||
| Seaboard Corp. |
10 | 10,100 | |||
| Textron, Inc. |
3,855 | 22,128 | |||
| Total Industrial Conglomerates | 796,491 | ||||
| Insurance – 5.1% | |||||
| Allstate Corp. (The) |
4,492 | 86,022 | |||
| American Equity Investment Life Holding Co. |
434 | 1,805 | |||
| American Financial Group, Inc. |
1,062 | 17,045 | |||
| American Physicians Capital, Inc. |
77 | 3,151 | |||
| Amerisafe, Inc.* |
142 | 2,175 | |||
| Amtrust Financial Services, Inc. |
705 | 6,733 | |||
| Assurant, Inc. |
1,390 | 30,274 | |||
| Chubb Corp. |
2,640 | 111,725 | |||
| CNA Financial Corp. |
3,037 | 27,819 | |||
| CNA Surety Corp.* |
362 | 6,675 | |||
| Delphi Financial Group, Inc. Class A |
470 | 6,326 | |||
| eHealth, Inc.* |
171 | 2,738 | |||
| Employers Holdings, Inc. |
475 | 4,531 | |||
| FBL Financial Group, Inc. Class A |
434 | 1,801 | |||
| First Mercury Financial Corp.* |
164 | 2,368 | |||
| Fpic Insurance Group, Inc.* |
68 | 2,518 | |||
| HCC Insurance Holdings, Inc. |
769 | 19,371 | |||
| Horace Mann Educators Corp. |
396 | 3,314 | |||
| Lincoln National Corp. |
3,953 | 26,446 | |||
| Loews Corp. |
3,849 | 85,063 | |||
| Metlife, Inc. |
6,358 | 144,772 | |||
| Principal Financial Group, Inc. |
2,868 | 23,460 | |||
| Prudential Financial, Inc. |
5,034 | 95,747 | |||
| Reinsurance Group of America, Inc.* |
802 | 25,977 | |||
| Safety Insurance Group, Inc. |
108 | 3,357 | |||
| SeaBright Insurance Holdings, Inc.* |
136 | 1,423 | |||
| StanCorp Financial Group, Inc. |
401 | 9,135 | |||
| Torchmark Corp. |
746 | 19,568 | |||
| Investments | Shares | Value | |||
| Tower Group, Inc. |
177 | $ | 4,359 | ||
| Transatlantic Holdings, Inc. |
622 | 22,187 | |||
| Travelers Cos., Inc. (The) |
4,728 | 192,146 | |||
| Unum Group |
2,929 | 36,612 | |||
| W.R. Berkley Corp. |
1,207 | 27,218 | |||
| Total Insurance | 1,053,861 | ||||
| Internet & Catalog Retail – 0.1% | |||||
| Expedia, Inc.* |
2,305 | 20,929 | |||
| NutriSystem, Inc. |
266 | 3,796 | |||
| Total Internet & Catalog Retail | 24,725 | ||||
| Internet Software & Services – 0.6% | |||||
| Earthlink, Inc.* |
1,889 | 12,411 | |||
| eBay, Inc.* |
8,279 | 103,984 | |||
| SonicWALL, Inc.* |
513 | 2,288 | |||
| Total Internet Software & Services | 118,683 | ||||
| IT Services – 0.7% | |||||
| Broadridge Financial Solutions, Inc. |
974 | 18,126 | |||
| Ciber, Inc.* |
463 | 1,264 | |||
| Computer Sciences Corp.* |
1,779 | 65,538 | |||
| DST Systems, Inc.* |
404 | 13,987 | |||
| SAIC, Inc.* |
1,410 | 26,325 | |||
| TeleTech Holdings, Inc.* |
551 | 6,000 | |||
| Wright Express Corp.* |
335 | 6,104 | |||
| Total IT Services | 137,344 | ||||
| Leisure Equipment & Products – 0.2% | |||||
| Jakks Pacific, Inc.* |
279 | 3,446 | |||
| Mattel, Inc. |
2,302 | 26,542 | |||
| Polaris Industries, Inc. |
275 | 5,896 | |||
| Total Leisure Equipment & Products | 35,884 | ||||
| Life Sciences Tools & Services – 0.1% | |||||
| Charles River Laboratories International, Inc.* |
420 | 11,428 | |||
| Parexel International Corp.* |
460 | 4,476 | |||
| Total Life Sciences Tools & Services | 15,904 | ||||
| Machinery – 4.2% | |||||
| Actuant Corp. Class A |
459 | 4,741 | |||
| AGCO Corp.* |
999 | 19,580 | |||
| Altra Holdings, Inc.* |
235 | 912 | |||
| Barnes Group, Inc. |
514 | 5,495 | |||
| Bucyrus International, Inc. |
651 | 9,882 | |||
| Cascade Corp. |
85 | 1,499 | |||
| Caterpillar, Inc. |
5,587 | 156,213 | |||
| Chart Industries, Inc.* |
386 | 3,042 | |||
| CIRCOR International, Inc. |
173 | 3,896 | |||
| Columbus McKinnon Corp./NY* |
203 | 1,770 | |||
| Crane Co. |
662 | 11,175 | |||
| Cummins, Inc. |
2,168 | 55,176 | |||
| Deere & Co. |
3,197 | 105,085 | |||
| Dover Corp. |
1,404 | 37,038 | |||
| Dynamic Materials Corp. |
85 | 779 | |||
| Eaton Corp. |
1,674 | 61,704 | |||
| EnPro Industries, Inc.* |
263 | 4,497 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 57 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Federal Signal Corp. |
361 | $ | 1,903 | ||
| Flowserve Corp. |
502 | 28,172 | |||
| Force Protection, Inc.* |
485 | 2,328 | |||
| Gardner Denver, Inc.* |
498 | 10,827 | |||
| Graco, Inc. |
406 | 6,930 | |||
| Harsco Corp. |
691 | 15,319 | |||
| Joy Global, Inc. |
837 | 17,828 | |||
| Kennametal, Inc. |
565 | 9,159 | |||
| Lincoln Electric Holdings, Inc. |
312 | 9,887 | |||
| Manitowoc Co., Inc. (The) |
1,930 | 6,311 | |||
| Middleby Corp.* |
129 | 4,183 | |||
| Mueller Industries, Inc. |
287 | 6,225 | |||
| NACCO Industries, Inc. Class A |
69 | 1,875 | |||
| Navistar International Corp.* |
983 | 32,891 | |||
| Oshkosh Corp. |
561 | 3,781 | |||
| PACCAR, Inc. |
2,606 | 67,131 | |||
| Parker Hannifin Corp. |
1,640 | 55,727 | |||
| Robbins & Myers, Inc. |
287 | 4,354 | |||
| Sauer-Danfoss, Inc. |
528 | 1,288 | |||
| SPX Corp. |
640 | 30,086 | |||
| Sun Hydraulics Corp. |
97 | 1,417 | |||
| Terex Corp.* |
2,404 | 22,237 | |||
| Timken Co. |
1,343 | 18,748 | |||
| Toro Co. |
238 | 5,755 | |||
| Trinity Industries, Inc. |
1,276 | 11,663 | |||
| Total Machinery | 858,509 | ||||
| Marine – 0.0% | |||||
| American Commercial Lines, Inc.* |
667 | 2,114 | |||
| Kirby Corp.* |
359 | 9,564 | |||
| Total Marine | 11,678 | ||||
| Media – 3.2% | |||||
| Clear Channel Outdoor Holdings, Inc. Class A* |
3,153 | 11,571 | |||
| DISH Network Corp. Class A* |
5,307 | 58,961 | |||
| Gannett Co., Inc.(a) |
3,138 | 6,904 | |||
| Harte-Hanks, Inc. |
782 | 4,184 | |||
| Interpublic Group of Cos., Inc.* |
3,637 | 14,984 | |||
| Liberty Media Corp. – Capital Series A* |
799 | 5,577 | |||
| Meredith Corp. |
453 | 7,538 | |||
| News Corp. Class A |
37,200 | 246,264 | |||
| Scholastic Corp. |
244 | 3,677 | |||
| Sinclair Broadcast Group, Inc. Class A |
1,077 | 1,109 | |||
| Time Warner Cable, Inc. Class A* |
1,912 | 47,418 | |||
| Time Warner, Inc.* |
7,619 | 147,047 | |||
| Viacom, Inc. Class B* |
5,595 | 97,241 | |||
| Total Media | 652,475 | ||||
| Metals & Mining – 3.9% | |||||
| A.M. Castle & Co. |
219 | 1,954 | |||
| Alcoa, Inc. |
11,133 | 81,716 | |||
| Allegheny Technologies, Inc. |
1,481 | 32,478 | |||
| Brush Engineered Materials, Inc.* |
162 | 2,247 | |||
| Carpenter Technology Corp. |
439 | 6,199 | |||
| Cliffs Natural Resources, Inc. |
1,259 | 22,864 | |||
| Investments | Shares | Value | |||
| Commercial Metals Co. |
1,050 | $ | 12,128 | ||
| Freeport-McMoRan Copper & Gold, Inc. |
7,981 | 304,156 | |||
| Haynes International, Inc.* |
179 | 3,190 | |||
| Kaiser Aluminum Corp. |
170 | 3,930 | |||
| Nucor Corp. |
2,993 | 114,243 | |||
| Reliance Steel & Aluminum Co. |
1,397 | 36,783 | |||
| RTI International Metals, Inc.* |
326 | 3,814 | |||
| Schnitzer Steel Industries, Inc. Class A |
429 | 13,466 | |||
| Southern Copper Corp.(a) |
7,500 | 130,650 | |||
| Steel Dynamics, Inc. |
3,377 | 29,751 | |||
| Titanium Metals Corp. |
1,286 | 7,034 | |||
| Worthington Industries, Inc. |
733 | 6,384 | |||
| Total Metals & Mining | 812,987 | ||||
| Multiline Retail – 0.7% | |||||
| Big Lots, Inc.* |
631 | 13,112 | |||
| J.C. Penney Co., Inc. |
2,113 | 42,408 | |||
| Macy’s, Inc. |
4,420 | 39,338 | |||
| Nordstrom, Inc.(a) |
2,493 | 41,758 | |||
| Total Multiline Retail | 136,616 | ||||
| Multi-Utilities – 0.1% | |||||
| Centerpoint Energy, Inc. |
2,561 | 26,711 | |||
| Office Electronics – 0.2% | |||||
| Xerox Corp. |
8,994 | 40,923 | |||
| Oil, Gas & Consumable Fuels – 37.8% | |||||
| Alpha Natural Resources, Inc.* |
621 | 11,023 | |||
| Anadarko Petroleum Corp. |
3,872 | 150,582 | |||
| Apache Corp. |
3,996 | 256,104 | |||
| Arch Coal, Inc. |
1,485 | 19,854 | |||
| Atlas Energy Resources LLC |
694 | 7,322 | |||
| ATP Oil & Gas Corp.*(a) |
696 | 3,570 | |||
| Berry Petroleum Co. Class A |
1,459 | 15,991 | |||
| Chesapeake Energy Corp. |
6,483 | 110,600 | |||
| Chevron Corp. |
21,002 | 1,412,174 | |||
| Cimarex Energy Co. |
632 | 11,616 | |||
| ConocoPhillips |
22,722 | 889,794 | |||
| Copano Energy LLC |
421 | 5,608 | |||
| Denbury Resources, Inc.* |
3,055 | 45,397 | |||
| Devon Energy Corp. |
4,524 | 202,178 | |||
| El Paso Corp. |
7,988 | 49,925 | |||
| Encore Acquisition Co.* |
582 | 13,543 | |||
| Exxon Mobil Corp. |
41,470 | 2,824,107 | |||
| Forest Oil Corp.* |
1,519 | 19,975 | |||
| Frontier Oil Corp. |
1,071 | 13,698 | |||
| Gulfport Energy Corp.* |
661 | 1,534 | |||
| Harvest Natural Resources, Inc.* |
798 | 2,705 | |||
| Hess Corp. |
3,879 | 210,242 | |||
| Holly Corp. |
380 | 8,056 | |||
| Marathon Oil Corp. |
10,066 | 264,635 | |||
| Mariner Energy, Inc.* |
2,107 | 16,329 | |||
| Massey Energy Co. |
845 | 8,551 | |||
| Murphy Oil Corp. |
2,431 | 108,836 | |||
| Newfield Exploration Co.* |
1,190 | 27,013 | |||
See Notes to Financial Statements.
| 58 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Noble Energy, Inc. |
1,731 | $ | 93,266 | ||
| Occidental Petroleum Corp. |
8,698 | 484,044 | |||
| Overseas Shipholding Group, Inc. |
597 | 13,534 | |||
| Peabody Energy Corp. |
2,278 | 57,041 | |||
| Petroleum Development Corp.* |
208 | 2,456 | |||
| Petroquest Energy, Inc.* |
551 | 1,322 | |||
| Pioneer Natural Resources Co. |
1,312 | 21,609 | |||
| Plains Exploration & Production Co.* |
2,674 | 46,073 | |||
| Southern Union Co. |
1,033 | 15,722 | |||
| Spectra Energy Corp. |
5,022 | 71,011 | |||
| St. Mary Land & Exploration Co. |
672 | 8,891 | |||
| Stone Energy Corp.* |
1,400 | 4,662 | |||
| Sunoco, Inc. |
907 | 24,017 | |||
| Swift Energy Co.* |
835 | 6,096 | |||
| Valero Energy Corp. |
6,871 | 122,991 | |||
| W&T Offshore, Inc. |
1,637 | 10,068 | |||
| Walter Industries, Inc. |
556 | 12,716 | |||
| Whiting Petroleum Corp.* |
547 | 14,140 | |||
| Williams Cos., Inc. (The) |
6,335 | 72,092 | |||
| Total Oil, Gas & Consumable Fuels | 7,792,713 | ||||
| Paper & Forest Products – 0.1% | |||||
| International Paper Co. |
4,063 | 28,603 | |||
| Personal Products – 0.1% | |||||
| Bare Escentuals, Inc.* |
1,505 | 6,171 | |||
| Inter Parfums, Inc. |
229 | 1,335 | |||
| NBTY, Inc.* |
676 | 9,518 | |||
| Total Personal Products | 17,024 | ||||
| Pharmaceuticals – 0.5% | |||||
| Forest Laboratories, Inc.* |
2,368 | 52,001 | |||
| King Pharmaceuticals, Inc.* |
1,447 | 10,230 | |||
| KV Pharmaceutical Co. Class A* |
1,169 | 1,929 | |||
| Sepracor, Inc.* |
2,395 | 35,111 | |||
| Total Pharmaceuticals | 99,271 | ||||
| Professional Services – 0.2% | |||||
| Administaff, Inc. |
167 | 3,529 | |||
| Heidrick & Struggles International, Inc. |
129 | 2,288 | |||
| ICF International, Inc.* |
72 | 1,654 | |||
| Kforce, Inc.* |
259 | 1,821 | |||
| Korn/Ferry International* |
361 | 3,271 | |||
| Manpower, Inc. |
786 | 24,783 | |||
| Monster Worldwide, Inc.* |
849 | 6,919 | |||
| MPS Group, Inc.* |
651 | 3,873 | |||
| School Specialty, Inc.* |
124 | 2,181 | |||
| TrueBlue, Inc.* |
381 | 3,143 | |||
| Total Professional Services | 53,462 | ||||
| Real Estate Investment Trusts (REITs) – 0.2% | |||||
| Developers Diversified Realty Corp. |
1,688 | 3,595 | |||
| DiamondRock Hospitality Co. |
674 | 2,703 | |||
| Entertainment Properties Trust |
198 | 3,121 | |||
| Hospitality Properties Trust |
582 | 6,984 | |||
| Host Hotels & Resorts, Inc. |
3,796 | 14,880 | |||
| SL Green Realty Corp. |
501 | 5,411 | |||
| Investments | Shares | Value | |||
| Sunstone Hotel Investors, Inc. |
364 | $ | 957 | ||
| Total Real Estate Investment Trusts (REITs) | 37,651 | ||||
| Real Estate Management & Development – 0.1% | |||||
| CB Richard Ellis Group, Inc. Class A* |
2,666 | 10,744 | |||
| Jones Lang LaSalle, Inc. |
323 | 7,513 | |||
| Total Real Estate Management & Development | 18,257 | ||||
| Road & Rail – 0.0% | |||||
| Ryder System, Inc. |
399 | 11,296 | |||
| Semiconductors & Semiconductor Equipment – 1.5% |
|||||
| ATMI, Inc.* |
178 | 2,747 | |||
| Fairchild Semiconductor International, Inc.* |
1,077 | 4,017 | |||
| Intersil Corp. Class A |
1,161 | 13,351 | |||
| Lam Research Corp.* |
830 | 18,899 | |||
| MEMC Electronic Materials, Inc.* |
2,651 | 43,715 | |||
| National Semiconductor Corp. |
1,845 | 18,948 | |||
| Omnivision Technologies, Inc.* |
766 | 5,148 | |||
| ON Semiconductor Corp.* |
3,090 | 12,051 | |||
| PMC – Sierra, Inc.* |
1,500 | 9,570 | |||
| Sigma Designs, Inc.* |
456 | 5,673 | |||
| Skyworks Solutions, Inc.* |
1,290 | 10,397 | |||
| Texas Instruments, Inc. |
10,119 | 167,065 | |||
| Total Semiconductors & Semiconductor Equipment | 311,581 | ||||
| Software – 0.1% | |||||
| Cadence Design Systems, Inc.* |
3,548 | 14,901 | |||
| Fair Isaac Corp. |
368 | 5,178 | |||
| Net 1 UEPS Technologies, Inc.* |
475 | 7,225 | |||
| Take-Two Interactive Software, Inc.* |
571 | 4,768 | |||
| Total Software | 32,072 | ||||
| Specialty Retail – 1.7% | |||||
| Abercrombie & Fitch Co. Class A |
1,184 | 28,179 | |||
| Aeropostale, Inc.* |
503 | 13,360 | |||
| American Eagle Outfitters, Inc. |
1,803 | 22,069 | |||
| AnnTaylor Stores Corp.* |
416 | 2,163 | |||
| Barnes & Noble, Inc. |
429 | 9,172 | |||
| Best Buy Co., Inc. |
3,008 | 114,184 | |||
| Buckle, Inc. (The) |
297 | 9,483 | |||
| Cabela’s, Inc.* |
728 | 6,632 | |||
| Collective Brands, Inc.* |
311 | 3,029 | |||
| Dress Barn, Inc.* |
462 | 5,678 | |||
| Guess ?, Inc. |
890 | 18,761 | |||
| Gymboree Corp.* |
243 | 5,188 | |||
| J Crew Group, Inc.*(a) |
420 | 5,536 | |||
| JOS A Bank Clothiers, Inc.* |
125 | 3,476 | |||
| Ltd. Brands, Inc. |
3,583 | 31,172 | |||
| Men’s Wearhouse, Inc. (The) |
332 | 5,027 | |||
| Office Depot, Inc.* |
1,702 | 2,230 | |||
| Penske Auto Group, Inc. |
1,073 | 10,011 | |||
| RadioShack Corp. |
1,210 | 10,370 | |||
| Stage Stores, Inc. |
318 | 3,205 | |||
| Systemax, Inc. |
399 | 5,155 | |||
| Tiffany & Co. |
773 | 16,666 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 59 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Low P/E Fund
March 31, 2009
| Investments | Shares | Value | |||
| Wet Seal, Inc. (The) Class A* |
879 | $ | 2,953 | ||
| Williams-Sonoma, Inc. |
1,335 | 13,457 | |||
| Total Specialty Retail | 347,156 | ||||
| Textiles, Apparel & Luxury Goods – 0.8% | |||||
| Coach, Inc.* |
2,245 | 37,492 | |||
| Columbia Sportswear Co. |
214 | 6,403 | |||
| Fossil, Inc.* |
638 | 10,017 | |||
| Hanesbrands, Inc.* |
782 | 7,484 | |||
| Iconix Brand Group, Inc.* |
471 | 4,168 | |||
| Maidenform Brands, Inc.* |
167 | 1,530 | |||
| Movado Group, Inc. |
386 | 2,910 | |||
| Phillips-Van Heusen Corp. |
516 | 11,703 | |||
| Polo Ralph Lauren Corp. |
637 | 26,913 | |||
| Skechers U.S.A., Inc. Class A* |
434 | 2,895 | |||
| True Religion Apparel, Inc.* |
211 | 2,492 | |||
| UniFirst Corp. |
130 | 3,619 | |||
| VF Corp. |
737 | 42,090 | |||
| Volcom, Inc.*(a) |
245 | 2,376 | |||
| Total Textiles, Apparel & Luxury Goods | 162,092 | ||||
| Tobacco – 1.4% | |||||
| Altria Group, Inc. |
17,744 | 284,259 | |||
| Universal Corp. |
199 | 5,954 | |||
| Total Tobacco | 290,213 | ||||
| Trading Companies & Distributors – 0.2% | |||||
| Applied Industrial Technologies, Inc. |
317 | 5,348 | |||
| GATX Corp. |
451 | 9,124 | |||
| H&E Equipment Services, Inc.* |
541 | 3,543 | |||
| Interline Brands, Inc.* |
313 | 2,639 | |||
| RSC Holdings, Inc.*(a) |
1,159 | 6,096 | |||
| Rush Enterprises, Inc. Class A* |
233 | 2,078 | |||
| TAL International Group, Inc.* |
255 | 1,867 | |||
| WESCO International, Inc.* |
817 | 14,804 | |||
| Total Trading Companies & Distributors | 45,499 | ||||
| Wireless Telecommunication Services – 0.2% | |||||
| NII Holdings, Inc.* |
1,688 | 25,320 | |||
| Syniverse Holdings, Inc.* |
510 | 8,038 | |||
| Total Wireless Telecommunication Services | 33,358 | ||||
| TOTAL COMMON STOCKS (Cost: $27,928,676) |
20,529,022 | ||||
| SHORT-TERM INVESTMENT – 0.2% | |||||
| MONEY MARKET FUND – 0.2% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $35,589) |
35,589 | 35,589 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% | |||||
| MONEY MARKET FUND – 1.2% | |||||
| Dreyfus Institutional Preferred Money Market (Cost: $241,019)(d) |
241,019 | 241,019 | |||
| Investments | Value | |||||
| TOTAL INVESTMENTS IN SECURITIES – 101.0% (Cost: $28,205,284) |
$ | 20,805,630 | ||||
| Liabilities in Excess of Other Assets – (1.0)% |
(198,744 | ) | ||||
| NET ASSETS—100.0% | $ | 20,606,886 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $232,280 and the total market value of the collateral held by the Fund was $241,019. |
See Notes to Financial Statements.
| 60 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree LargeCap Growth Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.8% | |||||
| Aerospace & Defense – 2.8% | |||||
| Alliant Techsystems, Inc.* |
133 | $ | 8,908 | ||
| BE Aerospace, Inc.* |
293 | 2,540 | |||
| Curtiss-Wright Corp. |
161 | 4,516 | |||
| Esterline Technologies Corp.* |
98 | 1,979 | |||
| Honeywell International, Inc. |
3,586 | 99,906 | |||
| L-3 Communications Holdings, Inc. |
445 | 30,171 | |||
| Orbital Sciences Corp.* |
161 | 1,914 | |||
| Precision Castparts Corp. |
573 | 34,323 | |||
| Raytheon Co. |
1,758 | 68,457 | |||
| Teledyne Technologies, Inc.* |
140 | 3,735 | |||
| Total Aerospace & Defense | 256,449 | ||||
| Auto Components – 0.0% | |||||
| Tenneco, Inc.* |
112 | 183 | |||
| Beverages – 3.5% | |||||
| Coca-Cola Co. (The) |
6,988 | 307,122 | |||
| Hansen Natural Corp.* |
293 | 10,548 | |||
| Total Beverages | 317,670 | ||||
| Biotechnology – 2.2% | |||||
| Biogen Idec, Inc.* |
759 | 39,787 | |||
| Celgene Corp.* |
237 | 10,523 | |||
| Genzyme Corp.* |
608 | 36,109 | |||
| Gilead Sciences, Inc.* |
2,148 | 99,494 | |||
| OSI Pharmaceuticals, Inc.* |
189 | 7,231 | |||
| United Therapeutics Corp.* |
28 | 1,851 | |||
| Total Biotechnology | 194,995 | ||||
| Capital Markets – 4.5% | |||||
| Bank of New York Mellon Corp. (The) |
4,735 | 133,763 | |||
| BlackRock, Inc. |
377 | 49,025 | |||
| Eaton Vance Corp. |
640 | 14,624 | |||
| Federated Investors, Inc. Class B |
377 | 8,392 | |||
| Greenhill & Co., Inc. |
112 | 8,271 | |||
| Investment Technology Group, Inc.* |
154 | 3,930 | |||
| Janus Capital Group, Inc. |
587 | 3,904 | |||
| Northern Trust Corp. |
978 | 58,504 | |||
| State Street Corp. |
1,886 | 58,051 | |||
| T. Rowe Price Group, Inc. |
866 | 24,993 | |||
| TD Ameritrade Holding Corp.* |
3,090 | 42,673 | |||
| Waddell & Reed Financial, Inc. Class A |
251 | 4,536 | |||
| Total Capital Markets | 410,666 | ||||
| Chemicals – 4.2% | |||||
| Air Products & Chemicals, Inc. |
745 | 41,906 | |||
| Airgas, Inc. |
300 | 10,143 | |||
| Celanese Corp. Series A |
880 | 11,766 | |||
| CF Industries Holdings, Inc. |
230 | 16,360 | |||
| FMC Corp. |
377 | 16,264 | |||
| Monsanto Co.* |
985 | 81,853 | |||
| Mosaic Co. (The) |
887 | 37,236 | |||
| Olin Corp. |
321 | 4,581 | |||
| OM Group, Inc.* |
161 | 3,111 | |||
| Praxair, Inc. |
894 | 60,157 | |||
| Investments | Shares | Value | |||
| Rohm & Haas Co. |
894 | $ | 70,482 | ||
| Sigma-Aldrich Corp. |
335 | 12,660 | |||
| Terra Industries, Inc. |
503 | 14,129 | |||
| Total Chemicals | 380,648 | ||||
| Commercial Banks – 0.0% | |||||
| SVB Financial Group* |
210 | 4,202 | |||
| Commercial Services & Supplies – 0.3% | |||||
| Brink’s Co. (The) |
147 | 3,890 | |||
| Copart, Inc.* |
244 | 7,237 | |||
| Covanta Holding Corp.* |
384 | 5,027 | |||
| Stericycle, Inc.* |
168 | 8,018 | |||
| Total Commercial Services & Supplies | 24,172 | ||||
| Communications Equipment – 0.4% | |||||
| Ciena Corp.* |
216 | 1,680 | |||
| Harris Corp. |
587 | 16,988 | |||
| Juniper Networks, Inc.* |
943 | 14,202 | |||
| Total Communications Equipment | 32,870 | ||||
| Computers & Peripherals – 13.8% | |||||
| Apple, Inc.* |
1,837 | 193,105 | |||
| EMC Corp.* |
7,000 | 79,800 | |||
| Hewlett-Packard Co. |
11,063 | 354,680 | |||
| International Business Machines Corp. |
6,106 | 591,611 | |||
| Western Digital Corp.* |
1,809 | 34,986 | |||
| Total Computers & Peripherals | 1,254,182 | ||||
| Construction & Engineering – 0.3% | |||||
| Fluor Corp. |
489 | 16,895 | |||
| Jacobs Engineering Group, Inc.* |
279 | 10,786 | |||
| Total Construction & Engineering | 27,681 | ||||
| Containers & Packaging – 0.4% | |||||
| Aptargroup, Inc. |
244 | 7,598 | |||
| Ball Corp. |
566 | 24,565 | |||
| Greif, Inc. Class A |
224 | 7,457 | |||
| Total Containers & Packaging | 39,620 | ||||
| Distributors – 0.0% | |||||
| LKQ Corp.* |
189 | 2,697 | |||
| Diversified Consumer Services – 0.3% | |||||
| Brink’s Home Security Holdings, Inc.* |
147 | 3,322 | |||
| DeVry, Inc. |
175 | 8,432 | |||
| Service Corp. International |
894 | 3,120 | |||
| Sotheby’s |
608 | 5,472 | |||
| Strayer Education, Inc. |
28 | 5,036 | |||
| Total Diversified Consumer Services | 25,382 | ||||
| Diversified Financial Services – 0.3% | |||||
| IntercontinentalExchange, Inc.* |
119 | 8,862 | |||
| Leucadia National Corp.* |
622 | 9,261 | |||
| NASDAQ OMX Group (The)* |
251 | 4,915 | |||
| Total Diversified Financial Services | 23,038 | ||||
| Diversified Telecommunication Services – 5.3% | |||||
| AT&T, Inc. |
19,307 | 486,536 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Growth Fund
March 31, 2009
| Investments | Shares | Value | |||
| Electric Utilities – 1.2% | |||||
| Exelon Corp. |
2,091 | $ | 94,910 | ||
| ITC Holdings Corp. |
91 | 3,969 | |||
| NV Energy, Inc. |
1,027 | 9,644 | |||
| Total Electric Utilities | 108,523 | ||||
| Electrical Equipment – 1.5% | |||||
| Ametek, Inc. |
363 | 11,351 | |||
| Baldor Electric Co. |
224 | 3,246 | |||
| Emerson Electric Co. |
2,735 | 78,166 | |||
| First Solar, Inc.* |
49 | 6,502 | |||
| General Cable Corp.* |
258 | 5,114 | |||
| GrafTech International Ltd.* |
580 | 3,573 | |||
| Rockwell Automation, Inc. |
713 | 15,572 | |||
| Roper Industries, Inc. |
272 | 11,546 | |||
| Sunpower Corp. Class A* |
70 | 1,665 | |||
| Sunpower Corp. Class B* |
28 | 554 | |||
| Woodward Governor Co. |
265 | 2,963 | |||
| Total Electrical Equipment | 140,252 | ||||
| Electronic Equipment, Instruments & Components – 0.7% |
|||||
| Amphenol Corp. Class A |
650 | 18,520 | |||
| Anixter International, Inc.* |
258 | 8,173 | |||
| Dolby Laboratories, Inc. Class A* |
286 | 9,755 | |||
| Flir Systems, Inc.* |
361 | 7,393 | |||
| Itron, Inc.* |
28 | 1,326 | |||
| Mettler-Toledo International, Inc.* |
154 | 7,905 | |||
| Plexus Corp.* |
182 | 2,515 | |||
| Rofin-Sinar Technologies, Inc.* |
91 | 1,467 | |||
| Trimble Navigation Ltd.* |
279 | 4,263 | |||
| Total Electronic Equipment, Instruments & Components | 61,317 | ||||
| Energy Equipment & Services – 3.4% | |||||
| Atwood Oceanics, Inc.* |
224 | 3,716 | |||
| Baker Hughes, Inc. |
1,432 | 40,884 | |||
| Bristow Group, Inc.* |
112 | 2,400 | |||
| Cameron International Corp.* |
831 | 18,224 | |||
| Diamond Offshore Drilling, Inc. |
475 | 29,859 | |||
| ENSCO International, Inc. |
1,020 | 26,928 | |||
| FMC Technologies, Inc.* |
349 | 10,948 | |||
| Gulfmark Offshore, Inc.* |
119 | 2,839 | |||
| Halliburton Co. |
4,110 | 63,582 | |||
| Helmerich & Payne, Inc. |
587 | 13,366 | |||
| National Oilwell Varco, Inc.* |
1,481 | 42,518 | |||
| Oceaneering International, Inc.* |
189 | 6,968 | |||
| Oil States International, Inc.* |
279 | 3,744 | |||
| Pride International, Inc.* |
808 | 14,528 | |||
| Rowan Cos., Inc. |
766 | 9,169 | |||
| Smith International, Inc. |
720 | 15,466 | |||
| Superior Energy Services, Inc.* |
537 | 6,922 | |||
| Total Energy Equipment & Services | 312,061 | ||||
| Food & Staples Retailing – 0.7% | |||||
| Costco Wholesale Corp. |
1,285 | 59,522 | |||
| Investments | Shares | Value | |||
| Ruddick Corp. |
154 | $ | 3,457 | ||
| Total Food & Staples Retailing | 62,979 | ||||
| Food Products – 0.7% | |||||
| Archer-Daniels-Midland Co. |
2,056 | 57,116 | |||
| Corn Products International, Inc. |
335 | 7,102 | |||
| Total Food Products | 64,218 | ||||
| Gas Utilities – 0.1% | |||||
| Energen Corp. |
321 | 9,351 | |||
| Health Care Equipment & Supplies – 1.2% | |||||
| C.R. Bard, Inc. |
272 | 21,684 | |||
| DENTSPLY International, Inc. |
452 | 12,136 | |||
| Haemonetics Corp.* |
63 | 3,470 | |||
| Hologic, Inc.* |
314 | 4,110 | |||
| Hospira, Inc.* |
559 | 17,251 | |||
| Idexx Laboratories, Inc.* |
140 | 4,841 | |||
| Intuitive Surgical, Inc.* |
35 | 3,338 | |||
| Meridian Bioscience, Inc. |
138 | 2,501 | |||
| St. Jude Medical, Inc.* |
1,118 | 40,616 | |||
| Total Health Care Equipment & Supplies | 109,947 | ||||
| Health Care Providers & Services – 1.5% | |||||
| AMERIGROUP Corp.* |
279 | 7,684 | |||
| Community Health Systems, Inc.* |
168 | 2,577 | |||
| Express Scripts, Inc.* |
650 | 30,011 | |||
| Laboratory Corp. of America Holdings* |
461 | 26,964 | |||
| Medco Health Solutions, Inc.* |
1,348 | 55,726 | |||
| Mednax, Inc.* |
147 | 4,332 | |||
| Owens & Minor, Inc. |
119 | 3,942 | |||
| Psychiatric Solutions, Inc.* |
168 | 2,643 | |||
| Total Health Care Providers & Services | 133,879 | ||||
| Hotels, Restaurants & Leisure – 3.3% | |||||
| Chipotle Mexican Grill, Inc. Class A* |
42 | 2,788 | |||
| McDonald’s Corp. |
4,615 | 251,840 | |||
| WMS Industries, Inc.* |
176 | 3,680 | |||
| Yum! Brands, Inc. |
1,554 | 42,704 | |||
| Total Hotels, Restaurants & Leisure | 301,012 | ||||
| Household Durables – 0.1% | |||||
| Snap-On, Inc. |
272 | 6,827 | |||
| Tupperware Brands Corp. |
223 | 3,789 | |||
| Total Household Durables | 10,616 | ||||
| Household Products – 1.2% | |||||
| Colgate-Palmolive Co. |
1,699 | 100,206 | |||
| Energizer Holdings, Inc.* |
251 | 12,472 | |||
| Total Household Products | 112,678 | ||||
| Industrial Conglomerates – 0.1% | |||||
| Textron, Inc. |
1,111 | 6,377 | |||
| Insurance – 6.1% | |||||
| Berkshire Hathaway, Inc. Class B* |
197 | 555,540 | |||
| Internet & Catalog Retail – 0.6% | |||||
| Amazon.com, Inc.* |
431 | 31,653 | |||
| Expedia, Inc.* |
838 | 7,609 | |||
See Notes to Financial Statements.
| 62 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Growth Fund
March 31, 2009
| Investments | Shares | Value | |||
| NetFlix, Inc.* |
112 | $ | 4,807 | ||
| priceline.com, Inc.* |
105 | 8,272 | |||
| Total Internet & Catalog Retail | 52,341 | ||||
| Internet Software & Services – 3.1% | |||||
| Akamai Technologies, Inc.* |
230 | 4,462 | |||
| eBay, Inc.* |
3,956 | 49,687 | |||
| Google, Inc. Class A* |
664 | 231,112 | |||
| Total Internet Software & Services | 285,261 | ||||
| IT Services – 1.1% | |||||
| Cognizant Technology Solutions Corp. Class A* |
794 | 16,507 | |||
| Global Payments, Inc. |
251 | 8,386 | |||
| Hewitt Associates, Inc. Class A* |
396 | 11,785 | |||
| Mastercard, Inc. Class A |
258 | 43,210 | |||
| SAIC, Inc.* |
1,348 | 25,167 | |||
| Total IT Services | 105,055 | ||||
| Leisure Equipment & Products – 0.2% | |||||
| Hasbro, Inc. |
808 | 20,257 | |||
| Life Sciences Tools & Services – 0.8% | |||||
| Bio-Rad Laboratories, Inc. Class A* |
77 | 5,074 | |||
| Charles River Laboratories International, Inc.* |
182 | 4,952 | |||
| Covance, Inc.* |
133 | 4,739 | |||
| Dionex Corp.* |
42 | 1,985 | |||
| Illumina, Inc.* |
140 | 5,214 | |||
| Life Technologies Corp.* |
210 | 6,820 | |||
| Parexel International Corp.* |
119 | 1,158 | |||
| Pharmaceutical Product Development, Inc. |
251 | 5,954 | |||
| Techne Corp. |
91 | 4,979 | |||
| Thermo Fisher Scientific, Inc.* |
992 | 35,384 | |||
| Total Life Sciences Tools & Services | 76,259 | ||||
| Machinery – 3.1% | |||||
| Actuant Corp. Class A |
265 | 2,738 | |||
| AGCO Corp.* |
265 | 5,194 | |||
| Bucyrus International, Inc. |
203 | 3,082 | |||
| Caterpillar, Inc. |
3,055 | 85,418 | |||
| Crane Co. |
538 | 9,081 | |||
| Cummins, Inc. |
1,020 | 25,959 | |||
| Deere & Co. |
1,576 | 51,803 | |||
| Donaldson Co., Inc. |
258 | 6,925 | |||
| Flowserve Corp. |
161 | 9,035 | |||
| Harsco Corp. |
300 | 6,651 | |||
| John Bean Technologies Corp.* |
77 | 805 | |||
| Joy Global, Inc. |
293 | 6,241 | |||
| Kennametal, Inc. |
453 | 7,343 | |||
| Manitowoc Co., Inc. (The) |
552 | 1,805 | |||
| Oshkosh Corp. |
475 | 3,202 | |||
| Parker Hannifin Corp. |
829 | 28,169 | |||
| SPX Corp. |
203 | 9,543 | |||
| Valmont Industries, Inc. |
77 | 3,866 | |||
| Wabtec Corp. |
210 | 5,540 | |||
| Total Machinery | 272,400 | ||||
| Investments | Shares | Value | |||
| Marine – 0.0% | |||||
| Kirby Corp.* |
140 | $ | 3,730 | ||
| Media – 1.2% | |||||
| DIRECTV Group, Inc. (The)* |
3,684 | 83,958 | |||
| DreamWorks Animation SKG, Inc. Class A* |
552 | 11,945 | |||
| John Wiley & Sons, Inc. Class A |
224 | 6,671 | |||
| Marvel Entertainment, Inc.* |
342 | 9,080 | |||
| Total Media | 111,654 | ||||
| Metals & Mining – 2.0% | |||||
| AK Steel Holding Corp. |
510 | 3,631 | |||
| Cliffs Natural Resources, Inc. |
272 | 4,940 | |||
| Freeport-McMoRan Copper & Gold, Inc. |
2,622 | 99,925 | |||
| Nucor Corp. |
1,432 | 54,659 | |||
| Reliance Steel & Aluminum Co. |
438 | 11,533 | |||
| Schnitzer Steel Industries, Inc. Class A |
133 | 4,175 | |||
| Total Metals & Mining | 178,863 | ||||
| Oil, Gas & Consumable Fuels – 10.2% | |||||
| Alpha Natural Resources, Inc.* |
42 | 746 | |||
| Anadarko Petroleum Corp. |
3,967 | 154,276 | |||
| Apache Corp. |
1,502 | 96,263 | |||
| Arch Coal, Inc. |
342 | 4,573 | |||
| Arena Resources, Inc.* |
56 | 1,427 | |||
| Atlas America, Inc. |
56 | 490 | |||
| Berry Petroleum Co. Class A |
175 | 1,918 | |||
| Carrizo Oil & Gas, Inc.* |
21 | 186 | |||
| Cimarex Energy Co. |
405 | 7,444 | |||
| Comstock Resources, Inc.* |
112 | 3,338 | |||
| Consol Energy, Inc. |
321 | 8,102 | |||
| Crosstex Energy, Inc. |
34 | 56 | |||
| Denbury Resources, Inc.* |
573 | 8,515 | |||
| Devon Energy Corp. |
1,949 | 87,101 | |||
| Encore Acquisition Co.* |
28 | 652 | |||
| EOG Resources, Inc. |
587 | 32,144 | |||
| Forest Oil Corp.* |
237 | 3,117 | |||
| Foundation Coal Holdings, Inc. |
63 | 904 | |||
| Hess Corp. |
1,390 | 75,338 | |||
| Mariner Energy, Inc.* |
349 | 2,705 | |||
| Massey Energy Co. |
77 | 779 | |||
| Murphy Oil Corp. |
657 | 29,414 | |||
| Noble Energy, Inc. |
843 | 45,421 | |||
| Occidental Petroleum Corp. |
4,418 | 245,861 | |||
| Overseas Shipholding Group, Inc. |
196 | 4,443 | |||
| PetroHawk Energy Corp.* |
168 | 3,231 | |||
| Pioneer Natural Resources Co. |
328 | 5,402 | |||
| Range Resources Corp. |
175 | 7,203 | |||
| Southwestern Energy Co.* |
424 | 12,589 | |||
| Ultra Petroleum Corp.* |
154 | 5,527 | |||
| Whiting Petroleum Corp.* |
133 | 3,438 | |||
| Williams Cos., Inc. (The) |
1,688 | 19,209 | |||
| XTO Energy, Inc. |
1,779 | 54,473 | |||
| Total Oil, Gas & Consumable Fuels | 926,285 | ||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 63 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Growth Fund
March 31, 2009
| Investments | Shares | Value | |||
| Paper & Forest Products – 0.0% | |||||
| Domtar Corp.* |
1,916 | $ | 1,820 | ||
| Personal Products – 0.0% | |||||
| Chattem, Inc.* |
70 | 3,924 | |||
| Pharmaceuticals – 0.4% | |||||
| Allergan, Inc. |
720 | 34,388 | |||
| Perrigo Co. |
210 | 5,214 | |||
| Total Pharmaceuticals | 39,602 | ||||
| Professional Services – 0.1% | |||||
| FTI Consulting, Inc.* |
84 | 4,156 | |||
| IHS, Inc. Class A* |
91 | 3,747 | |||
| Watson Wyatt Worldwide, Inc. Class A |
154 | 7,603 | |||
| Total Professional Services | 15,506 | ||||
| Real Estate Investment Trusts (REITs) – 0.4% | |||||
| DCT Industrial Trust, Inc. |
608 | 1,927 | |||
| Equity Residential |
105 | 1,927 | |||
| General Growth Properties, Inc. |
647 | 459 | |||
| HCP, Inc. |
307 | 5,480 | |||
| Health Care REIT, Inc. |
147 | 4,497 | |||
| Nationwide Health Properties, Inc. |
251 | 5,570 | |||
| Post Properties, Inc. |
183 | 1,856 | |||
| ProLogis |
1,062 | 6,902 | |||
| SL Green Realty Corp. |
126 | 1,361 | |||
| Ventas, Inc. |
210 | 4,748 | |||
| Total Real Estate Investment Trusts (REITs) | 34,727 | ||||
| Real Estate Management & Development – 0.1% | |||||
| CB Richard Ellis Group, Inc. Class A* |
1,568 | 6,319 | |||
| Jones Lang LaSalle, Inc. |
210 | 4,885 | |||
| Total Real Estate Management & Development | 11,204 | ||||
| Road & Rail – 0.5% | |||||
| CSX Corp. |
1,509 | 39,008 | |||
| JB Hunt Transport Services, Inc. |
438 | 10,560 | |||
| Total Road & Rail | 49,568 | ||||
| Semiconductors & Semiconductor Equipment – 1.0% | |||||
| Atheros Communications, Inc.* |
147 | 2,155 | |||
| Cree, Inc.* |
105 | 2,471 | |||
| Cypress Semiconductor Corp.* |
105 | 711 | |||
| Lam Research Corp.* |
1,027 | 23,385 | |||
| Linear Technology Corp. |
808 | 18,568 | |||
| MEMC Electronic Materials, Inc.* |
759 | 12,516 | |||
| Nvidia Corp.* |
2,630 | 25,931 | |||
| Varian Semiconductor Equipment Associates, Inc.* |
342 | 7,408 | |||
| Total Semiconductors & Semiconductor Equipment | 93,145 | ||||
| Software – 12.5% | |||||
| Activision Blizzard, Inc.* |
1,355 | 14,173 | |||
| Adobe Systems, Inc.* |
1,460 | 31,229 | |||
| Ansys, Inc.* |
154 | 3,865 | |||
| Concur Technologies, Inc.* |
21 | 403 | |||
| Informatica Corp.* |
230 | 3,050 | |||
| McAfee, Inc.* |
424 | 14,204 | |||
| Investments | Shares | Value | |||
| Micros Systems, Inc.* |
250 | $ | 4,688 | ||
| Microsoft Corp. |
39,117 | 718,580 | |||
| Oracle Corp.* |
17,226 | 311,274 | |||
| Salesforce.com, Inc.* |
62 | 2,029 | |||
| Sybase, Inc.* |
370 | 11,207 | |||
| Symantec Corp.* |
2,078 | 31,045 | |||
| Total Software | 1,145,747 | ||||
| Specialty Retail – 0.9% | |||||
| Aeropostale, Inc.* |
300 | 7,968 | |||
| GameStop Corp. Class A* |
377 | 10,564 | |||
| Guess ?, Inc. |
300 | 6,324 | |||
| TJX Cos., Inc. |
1,970 | 50,511 | |||
| Urban Outfitters, Inc.* |
328 | 5,369 | |||
| Total Specialty Retail | 80,736 | ||||
| Textiles, Apparel & Luxury Goods – 1.0% | |||||
| CROCS, Inc.* |
621 | 739 | |||
| Deckers Outdoor Corp.* |
42 | 2,228 | |||
| Fossil, Inc.* |
293 | 4,600 | |||
| NIKE, Inc. Class B |
1,723 | 80,791 | |||
| Warnaco Group, Inc. (The)* |
196 | 4,704 | |||
| Total Textiles, Apparel & Luxury Goods | 93,062 | ||||
| Thrifts & Mortgage Finance – 0.3% | |||||
| Hudson City Bancorp, Inc. |
1,083 | 12,660 | |||
| People’s United Financial, Inc. |
922 | 16,569 | |||
| Total Thrifts & Mortgage Finance | 29,229 | ||||
| Trading Companies & Distributors – 0.1% | |||||
| Fastenal Co. |
349 | 11,222 | |||
| Wireless Telecommunication Services – 0.1% | |||||
| American Tower Corp. Class A* |
263 | 8,003 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.8% (Cost: $9,197,410) |
9,119,341 | ||||
| Other Assets in Excess of Liabilities – 0.2% |
16,789 | ||||
| NET ASSETS – 100.0% | $ | 9,136,130 | |||
| * | Non-income producing security. |
See Notes to Financial Statements.
| 64 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree India Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| COMMON STOCKS – 99.9% | |||||
| Aerospace & Defense – 0.4% | |||||
| Bharat Electronics Ltd. |
41,584 | $ | 724,800 | ||
| Auto Components – 0.4% | |||||
| Amtek Auto Ltd. |
337,435 | 494,164 | |||
| Bharat Forge Ltd. |
102,334 | 197,366 | |||
| Exide Industries Ltd. |
82,914 | 67,577 | |||
| Total Auto Components | 759,107 | ||||
| Automobiles – 3.6% | |||||
| Hero Honda Motors Ltd. |
101,695 | 2,147,050 | |||
| Mahindra & Mahindra Ltd. |
286,543 | 2,166,793 | |||
| Maruti Suzuki India Ltd. |
120,508 | 1,852,334 | |||
| Total Automobiles | 6,166,177 | ||||
| Beverages – 0.3% | |||||
| United Spirits Ltd. |
38,798 | 496,264 | |||
| Biotechnology – 0.2% | |||||
| Biocon Ltd. |
111,886 | 315,689 | |||
| Chemicals – 1.1% | |||||
| Asian Paints Ltd. |
38,149 | 591,277 | |||
| Castrol India Ltd. |
13,748 | 88,840 | |||
| Gujarat Flourochemicals |
52,511 | 66,758 | |||
| Jubilant Organosys Ltd. |
53,010 | 99,835 | |||
| Pidilite Industries Ltd. |
11,672 | 19,486 | |||
| Sterling Biotech Ltd. |
64,414 | 179,587 | |||
| Tata Chemicals Ltd. |
182,939 | 510,397 | |||
| United Phosphorus Ltd. |
181,247 | 350,991 | |||
| Total Chemicals | 1,907,171 | ||||
| Commercial Banks – 6.8% | |||||
| Axis Bank Ltd. |
154,782 | 1,265,927 | |||
| Bank of India |
280,182 | 1,211,628 | |||
| Canara Bank |
387,260 | 1,264,787 | |||
| Corp. Bank |
136,343 | 485,336 | |||
| HDFC Bank Ltd. |
120,696 | 2,315,669 | |||
| ICICI Bank Ltd. |
599,809 | 3,934,492 | |||
| IDBI Bank Ltd. |
373,427 | 334,160 | |||
| Syndicate Bank |
541,940 | 513,259 | |||
| Yes Bank Ltd.* |
138,185 | 136,183 | |||
| Total Commercial Banks | 11,461,441 | ||||
| Construction & Engineering – 1.7% | |||||
| Gammon India Ltd. |
13,991 | 15,829 | |||
| GMR Infrastructure Ltd.* |
84,754 | 158,449 | |||
| Hindustan Construction Co. |
43,985 | 33,898 | |||
| IVRCL Infrastructures & Projects Ltd. |
214,867 | 514,351 | |||
| Lanco Infratech Ltd.* |
143,336 | 410,500 | |||
| Larsen & Toubro Ltd. |
93,914 | 1,242,807 | |||
| Nagarjuna Construction Co. |
218,101 | 265,668 | |||
| Punj Lloyd Ltd. |
67,784 | 121,580 | |||
| Voltas Ltd. |
129,470 | 117,770 | |||
| Total Construction & Engineering | 2,880,852 | ||||
| Construction Materials – 3.9% | |||||
| ACC Ltd. |
127,195 | 1,440,047 | |||
| Investments | Shares | Value | |||
| Ambuja Cements Ltd. |
1,906,375 | $ | 2,652,806 | ||
| Birla Corp., Ltd. |
133,595 | 467,655 | |||
| Century Textile & Industries Ltd. |
35,996 | 156,052 | |||
| India Cements Ltd. |
408,718 | 853,929 | |||
| Ultratech Cement Ltd. |
98,760 | 1,073,250 | |||
| Total Construction Materials | 6,643,739 | ||||
| Diversified Financial Services – 2.0% | |||||
| Bajaj Holdings And Investment Ltd. |
58,181 | 341,621 | |||
| IFCI Ltd.* |
2,585,123 | 983,401 | |||
| Indiabulls Financial Services Ltd. |
453,479 | 805,331 | |||
| Power Finance Corp., Ltd. |
228,792 | 652,081 | |||
| Reliance Capital Ltd. |
89,283 | 621,998 | |||
| Total Diversified Financial Services | 3,404,432 | ||||
| Diversified Telecommunication Services – 0.3% | |||||
| Mahanagar Telephone Nigam |
318,076 | 432,586 | |||
| Electric Utilities – 2.3% | |||||
| CESC Ltd. |
120,278 | 500,220 | |||
| Power Grid Corp. of India Ltd. |
413,714 | 779,562 | |||
| Reliance Infrastructure Ltd. |
140,345 | 1,426,133 | |||
| Tata Power Co., Ltd. |
79,731 | 1,207,869 | |||
| Total Electric Utilities | 3,913,784 | ||||
| Electrical Equipment – 2.0% | |||||
| ABB Ltd./India |
28,365 | 238,560 | |||
| Bharat Heavy Electricals Ltd. |
89,433 | 2,662,718 | |||
| Crompton Greaves Ltd. |
94,121 | 229,111 | |||
| Suzlon Energy Ltd. |
244,656 | 204,222 | |||
| Total Electrical Equipment | 3,334,611 | ||||
| Energy Equipment & Services – 0.0% | |||||
| Aban Offshore Ltd. |
2,168 | 17,022 | |||
| Food Products – 1.3% | |||||
| Nestle India Ltd. |
13,788 | 422,975 | |||
| Tata Tea Ltd. |
156,039 | 1,797,824 | |||
| Total Food Products | 2,220,799 | ||||
| Gas Utilities – 1.5% | |||||
| GAIL India Ltd. |
507,899 | 2,458,658 | |||
| Health Care Providers & Services – 0.2% | |||||
| Apollo Hospitals Enterprise Ltd. |
31,829 | 254,833 | |||
| Hotels, Restaurants & Leisure – 0.3% | |||||
| EIH Ltd. |
94,455 | 161,040 | |||
| Hotel Leela Venture Ltd. |
275,497 | 101,272 | |||
| Indian Hotels Co., Ltd. |
373,649 | 290,538 | |||
| Total Hotels, Restaurants & Leisure | 552,850 | ||||
| Household Durables – 0.2% | |||||
| Videocon Industries Ltd. |
152,895 | 262,786 | |||
| Household Products – 2.3% | |||||
| Hindustan Unilever Ltd. |
823,695 | 3,855,870 | |||
| Independent Power Producers & Energy Traders – 2.3% | |||||
| BF Utilities Ltd.* |
3,061 | 19,325 | |||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 65 |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Neyveli Lignite Corp., Ltd. |
170,476 | $ | 281,915 | ||
| NTPC Ltd. |
984,670 | 3,490,546 | |||
| Reliance Natural Resources Ltd.* |
35,822 | 31,667 | |||
| Reliance Power Ltd.* |
5,901 | 11,904 | |||
| Total Independent Power Producers & Energy Traders | 3,835,357 | ||||
| Industrial Conglomerates – 0.7% | |||||
| Aditya Birla Nuvo Ltd. |
9,623 | 84,394 | |||
| Jaiprakash Associates Ltd. |
443,872 | 735,777 | |||
| Siemens India Ltd. |
68,328 | 361,067 | |||
| Total Industrial Conglomerates | 1,181,238 | ||||
| IT Services – 12.3% | |||||
| GTL Ltd. |
180,723 | 853,478 | |||
| HCL Technologies Ltd. |
256,535 | 516,003 | |||
| HCL-Infosystems Ltd. |
299,670 | 449,195 | |||
| Infosys Technologies Ltd.* |
506,072 | 13,205,652 | |||
| Mphasis Ltd. |
110,206 | 441,497 | |||
| Patni Computer Systems Ltd. |
277,018 | 703,533 | |||
| Tata Consultancy Services Ltd. |
272,626 | 2,893,915 | |||
| Tech Mahindra Ltd. |
15,517 | 81,079 | |||
| Wipro Ltd. |
354,270 | 1,717,059 | |||
| Total IT Services | 20,861,411 | ||||
| Life Sciences Tools & Services – 0.2% | |||||
| Divi’s Laboratories Ltd. |
17,208 | 320,282 | |||
| Machinery – 1.4% | |||||
| Ashok Leyland Ltd. |
1,494,566 | 534,668 | |||
| BEMl Ltd. |
17,326 | 130,368 | |||
| Cummins India Ltd. |
59,714 | 217,741 | |||
| Lakshmi Machine Works Ltd. |
2,330 | 23,125 | |||
| Tata Motors Ltd. |
362,641 | 1,288,739 | |||
| Thermax Ltd. |
31,164 | 110,964 | |||
| Total Machinery | 2,305,605 | ||||
| Marine – 0.3% | |||||
| Shipping Corp. of India Ltd. |
296,114 | 448,826 | |||
| Media – 0.3% | |||||
| Deccan Chronicle Holdings Ltd. |
71,887 | 66,737 | |||
| Sun TV Network Ltd. |
19,772 | 65,121 | |||
| Zee Entertainment Enterprises Ltd. |
174,790 | 366,392 | |||
| Zee News Ltd. |
56,794 | 36,661 | |||
| Total Media | 534,911 | ||||
| Metals & Mining – 7.5% | |||||
| Hindalco Industries Ltd. |
1,050,708 | 1,077,941 | |||
| Hindustan Zinc Ltd. |
100,667 | 895,160 | |||
| Jindal Steel & Power Ltd. |
78,436 | 1,863,773 | |||
| JSW Steel Ltd. |
128,315 | 588,906 | |||
| Maharashtra Seamless Ltd. |
43,115 | 121,140 | |||
| National Aluminium Co., Ltd. |
112,948 | 477,861 | |||
| Sesa Goa Ltd. |
649,420 | 1,274,904 | |||
| Steel Authority of India Ltd. |
1,596,494 | 3,035,022 | |||
| Sterlite Industries India Ltd. |
484,815 | 3,417,164 | |||
| Total Metals & Mining | 12,751,871 | ||||
| Investments | Shares | Value | |||
| Oil, Gas & Consumable Fuels – 29.1% | |||||
| Bharat Petroleum Corp., Ltd. |
259,150 | $ | 1,920,831 | ||
| Chennai Petroleum Corp., Ltd. |
64,180 | 119,416 | |||
| Great Eastern Shipping Co., Ltd. (The) |
226,759 | 848,084 | |||
| Hindustan Petroleum Corp., Ltd. |
293,616 | 1,558,216 | |||
| Indian Oil Corp., Ltd. |
386,157 | 2,951,645 | |||
| Mangalore Refinery & Petrochemicals Ltd. |
530,921 | 429,048 | |||
| Oil & Natural Gas Corp., Ltd. |
657,064 | 10,104,293 | |||
| Petronet Lng Ltd. |
446,214 | 341,686 | |||
| Reliance Industries Ltd. |
1,032,204 | 31,021,051 | |||
| Total Oil, Gas & Consumable Fuels | 49,294,270 | ||||
| Paper & Forest Products – 0.1% | |||||
| Ballarpur Industries Ltd. |
328,565 | 95,199 | |||
| Personal Products – 0.4% | |||||
| Colgate-Palmolive India Ltd. |
22,949 | 213,138 | |||
| Dabur India Ltd. |
159,172 | 311,222 | |||
| Godrej Consumer Products Ltd. |
20,823 | 54,751 | |||
| Marico Ltd. |
96,330 | 114,491 | |||
| Total Personal Products | 693,602 | ||||
| Pharmaceuticals – 3.5% | |||||
| Aurobindo Pharma Ltd. |
67,309 | 249,614 | |||
| Cadila Healthcare Ltd. |
29,627 | 158,632 | |||
| Cipla Ltd./India |
276,288 | 1,198,328 | |||
| Dr.Reddys Laboratories Ltd. |
86,769 | 838,359 | |||
| GlaxoSmithKline Pharmaceuticals Ltd. |
26,288 | 566,046 | |||
| Glenmark Pharmaceuticals Ltd. |
87,887 | 271,794 | |||
| Lupin Ltd. |
32,629 | 440,252 | |||
| Piramal Healthcare Ltd. |
64,260 | 248,123 | |||
| Ranbaxy Laboratories Ltd. |
115,263 | 376,448 | |||
| Sun Pharmaceutical Industries Ltd. |
62,818 | 1,376,152 | |||
| Wockhardt Ltd. |
76,845 | 129,274 | |||
| Total Pharmaceuticals | 5,853,022 | ||||
| Real Estate Management & Development – 1.8% |
|||||
| DLF Ltd. |
456,721 | 1,506,049 | |||
| Housing Development & Infrastructure Ltd. |
513,226 | 827,980 | |||
| Indiabulls Real Estate Ltd. |
268,387 | 525,824 | |||
| Mahindra Lifespace Developers Ltd. |
8,943 | 23,223 | |||
| Parsvnath Developers Ltd. |
155,215 | 111,360 | |||
| Total Real Estate Management & Development | 2,994,436 | ||||
| Road & Rail – 0.2% | |||||
| Container Corp. of India |
29,171 | 413,344 | |||
| Software – 0.5% | |||||
| Financial Technologies India Ltd. |
62,692 | 765,810 | |||
| Textiles, Apparel & Luxury Goods – 0.0% | |||||
| Titan Industries Ltd. |
5,080 | 78,275 | |||
| Tobacco – 1.8% | |||||
| ITC Ltd. |
847,733 | 3,088,666 | |||
| Trading Companies & Distributors – 0.1% | |||||
| Adani Enterprises Ltd. |
34,212 | 180,484 | |||
See Notes to Financial Statements.
| 66 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree India Earnings Fund
March 31, 2009
| Investments | Shares | Value | |||
| Transportation Infrastructure – 0.0% | |||||
| Mundra Port And Special Economic Zone Ltd. |
12,532 | $ | 79,858 | ||
| Wireless Telecommunication Services – 6.6% | |||||
| Bharti Airtel Ltd.* |
573,439 | 7,072,622 | |||
| Idea Cellular Ltd.* |
649,768 | 641,635 | |||
| Reliance Communications Ltd. |
1,011,419 | 3,485,693 | |||
| Total Wireless Telecommunication Services | 11,199,950 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $280,722,481) | 169,039,888 | ||||
| Other Assets in Excess of Liabilities – 0.1% |
155,354 | ||||
| NET ASSETS – 100.0% | $ | 169,195,242 | |||
| * | Non-income producing security. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 67 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic and International Earnings Funds
March 31, 2009
| WisdomTree Total Earnings Fund |
WisdomTree 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree Earnings |
||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Investments, at cost |
$ | 25,447,684 | $ | 88,135,870 | $ | 22,591,976 | $ | 20,718,665 | $ | 11,757,922 | ||||||||||
| Investments in securities, at value (including securities on loan) |
16,647,562 | 60,185,559 | 14,919,994 | 14,510,863 | 8,519,855 | |||||||||||||||
| Cash |
— | — | — | 1,136 | — | |||||||||||||||
| Receivables: |
||||||||||||||||||||
| Investment securities sold |
— | — | 725 | — | — | |||||||||||||||
| Dividends and interest |
31,742 | 119,836 | 23,168 | 19,002 | 14,057 | |||||||||||||||
| Total Assets |
16,679,304 | 60,305,395 | 14,943,887 | 14,531,001 | 8,533,912 | |||||||||||||||
| LIABILITIES: |
||||||||||||||||||||
| Due to foreign custodian |
— | — | 1,875 | — | — | |||||||||||||||
| Payables: |
||||||||||||||||||||
| Investment securities purchased |
— | — | — | 1,136 | — | |||||||||||||||
| Collateral for securities on loan (Note 2) |
164,013 | 578,044 | 531,041 | 578,044 | — | |||||||||||||||
| Advisory fees (Note 3) |
3,737 | 13,547 | 4,739 | 4,134 | 2,624 | |||||||||||||||
| Service fees (Note 2) |
59 | 213 | 55 | 48 | 30 | |||||||||||||||
| Total Liabilities |
167,809 | 591,804 | 537,710 | 583,362 | 2,654 | |||||||||||||||
| NET ASSETS |
$ | 16,511,495 | $ | 59,713,591 | $ | 14,406,177 | $ | 13,947,639 | $ | 8,531,258 | ||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Paid-in capital |
$ | 29,756,645 | $ | 101,608,015 | $ | 30,475,134 | $ | 26,914,927 | $ | 18,410,859 | ||||||||||
| Undistributed net investment income |
8,240 | 29,566 | 5,222 | 7,113 | 5,978 | |||||||||||||||
| Accumulated net realized loss on investments |
(4,453,268 | ) | (13,973,679 | ) | (8,402,197 | ) | (6,766,599 | ) | (6,647,512 | ) | ||||||||||
| Net unrealized depreciation on investments |
(8,800,122 | ) | (27,950,311 | ) | (7,671,982 | ) | (6,207,802 | ) | (3,238,067 | ) | ||||||||||
| NET ASSETS |
$ | 16,511,495 | $ | 59,713,591 | $ | 14,406,177 | $ | 13,947,639 | $ | 8,531,258 | ||||||||||
| Outstanding beneficial interest shares of $0.001 par value |
600,000 | 2,150,000 | 550,000 | 600,000 | 350,000 | |||||||||||||||
| Net asset value per share |
$ | 27.52 | $ | 27.77 | $ | 26.19 | $ | 23.25 | $ | 24.38 | ||||||||||
See Notes to Financial Statements.
| 68 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree Domestic and International Earnings Funds
March 31, 2009
| WisdomTree Low P/E Fund |
WisdomTree LargeCap Growth Fund |
WisdomTree India Earnings Fund |
||||||||||
| ASSETS: |
||||||||||||
| Investments, at cost |
$ | 28,205,284 | $ | 9,197,410 | $ | 280,722,481 | ||||||
| Foreign currency, at cost |
— | — | 480,681 | |||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
20,805,630 | 9,119,341 | 169,039,888 | |||||||||
| Cash |
— | 12,670 | — | |||||||||
| Foreign currency, at value |
— | — | 486,599 | |||||||||
| Receivables: |
||||||||||||
| Dividends and interest |
48,700 | 6,325 | 618 | |||||||||
| Total Assets |
20,854,330 | 9,138,336 | 169,527,105 | |||||||||
| LIABILITIES: |
||||||||||||
| Due to foreign custodian |
— | — | 213,129 | |||||||||
| Payables: |
||||||||||||
| Collateral for securities on loan (Note 2) |
241,019 | — | — | |||||||||
| Advisory fees (Note 3) |
6,352 | 2,181 | 91,293 | |||||||||
| Service fees (Note 2) |
73 | 25 | — | |||||||||
| Other expenses (Note 3) |
— | — | 27,441 | |||||||||
| Total Liabilities |
247,444 | 2,206 | 331,863 | |||||||||
| NET ASSETS |
$ | 20,606,886 | $ | 9,136,130 | $ | 169,195,242 | ||||||
| NET ASSETS: |
||||||||||||
| Paid-in capital |
$ | 38,960,771 | $ | 9,228,246 | $ | 339,778,731 | ||||||
| Undistributed (Distribution in excess of) net investment income |
7,570 | 1,763 | (71,898 | ) | ||||||||
| Accumulated net realized gain (loss) on investments and foreign currency related transactions |
(10,961,801 | ) | (15,810 | ) | (58,844,979 | ) | ||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(7,399,654 | ) | (78,069 | ) | (111,666,612 | ) | ||||||
| NET ASSETS |
$ | 20,606,886 | $ | 9,136,130 | $ | 169,195,242 | ||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
850,000 | 350,004 | 15,400,000 | |||||||||
| Net asset value per share |
$ | 24.24 | $ | 26.10 | $ | 10.99 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 69 |
Table of Contents
WisdomTree Domestic and International Earnings Funds
For the Year Ended March 31, 2009
| WisdomTree Earnings Fund |
WisdomTree 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree Earnings Top 100 Fund |
||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||
| Dividends1 |
$ | 519,318 | $ | 1,815,200 | $ | 419,579 | $ | 284,186 | $ | 321,961 | ||||||||||
| Interest |
68 | 235 | 93 | 205 | 30 | |||||||||||||||
| Net securities lending income (Note 2) |
1,110 | 6,835 | 14,695 | 27,784 | 6,233 | |||||||||||||||
| Total investment income |
520,496 | 1,822,270 | 434,367 | 312,175 | 328,224 | |||||||||||||||
| EXPENSES: |
||||||||||||||||||||
| Advisory fees (Note 3) |
55,796 | 183,806 | 88,226 | 63,145 | 45,833 | |||||||||||||||
| Service fees (Note 2) |
877 | 2,889 | 1,021 | 731 | 531 | |||||||||||||||
| Total expenses |
56,673 | 186,695 | 89,247 | 63,876 | 46,364 | |||||||||||||||
| Net investment income |
463,823 | 1,635,575 | 345,120 | 248,299 | 281,860 | |||||||||||||||
| NET REALIZED AND UNREALIZED LOSS ON INVESTMENTS: |
||||||||||||||||||||
| Net realized loss from: |
||||||||||||||||||||
| Investment transactions |
(4,122,614 | ) | (13,900,817 | ) | (6,650,775 | ) | (5,239,065 | ) | (5,969,665 | ) | ||||||||||
| In-kind redemptions |
— | (1,454,912 | ) | (1,654,555 | ) | (361,232 | ) | (1,003,613 | ) | |||||||||||
| Net realized loss |
(4,122,614 | ) | (15,355,729 | ) | (8,305,330 | ) | (5,600,297 | ) | (6,973,278 | ) | ||||||||||
| Net change in unrealized depreciation |
(6,107,489 | ) | (21,261,215 | ) | (2,696,551 | ) | (2,855,403 | ) | (514,024 | ) | ||||||||||
| Net realized and unrealized loss on investments |
(10,230,103 | ) | (36,616,944 | ) | (11,001,881 | ) | (8,455,700 | ) | (7,487,302 | ) | ||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (9,766,280 | ) | $ | (34,981,369 | ) | $ | (10,656,761 | ) | $ | (8,207,401 | ) | $ | (7,205,442 | ) | |||||
| 1 |
Net of foreign withholding tax of $71, $0, $412, $435, and $0, respectively. |
See Notes to Financial Statements.
| 70 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Operations (concluded)
WisdomTree Domestic and International Earnings Funds
For the Year Ended March 31, 2009
| WisdomTree Low P/E Fund |
WisdomTree LargeCap Growth Fund* |
WisdomTree India Earnings Fund |
||||||||||
| INVESTMENT INCOME: |
||||||||||||
| Dividends1 |
$ | 702,722 | $ | 29,179 | $ | 3,397,420 | ||||||
| Interest |
82 | — | — | |||||||||
| Net securities lending income (Note 2) |
6,596 | — | — | |||||||||
| Total investment income |
709,400 | 29,179 | 3,397,420 | |||||||||
| EXPENSES: |
||||||||||||
| Advisory fees (Note 3) |
90,370 | 6,736 | 1,399,891 | |||||||||
| Service fees (Note 2) |
1,046 | 78 | — | |||||||||
| Custody/accounting |
— | — | 303,443 | |||||||||
| Printing |
— | — | 53,529 | |||||||||
| Audit/tax |
— | — | 34,505 | |||||||||
| Legal |
— | — | 12,463 | |||||||||
| Directors |
— | — | 7,954 | |||||||||
| Other |
— | — | 89,856 | |||||||||
| Total expenses |
91,416 | 6,814 | 1,901,641 | |||||||||
| Expenses reimbursed (Note 3) |
— | — | (80,959 | ) | ||||||||
| Net Expenses |
91,416 | 6,814 | 1,820,682 | |||||||||
| Net investment income |
617,984 | 22,365 | 1,576,738 | |||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||
| Net realized gain (loss) from: |
||||||||||||
| Investment transactions |
(10,218,253 | ) | (15,810 | ) | (58,780,431 | ) | ||||||
| In-kind redemptions |
310,950 | 237,891 | — | |||||||||
| Foreign currency related transactions |
— | — | (59,623 | ) | ||||||||
| Net realized gain (loss) |
(9,907,303 | ) | 222,081 | (58,840,054 | ) | |||||||
| Net change in unrealized depreciation from: |
||||||||||||
| Investment transactions |
(3,805,769 | ) | (78,069 | ) | (101,060,499 | ) | ||||||
| Translation of assets and liabilities denominated in foreign currencies |
— | — | (869 | ) | ||||||||
| Net change in unrealized depreciation |
(3,805,769 | ) | (78,069 | ) | (101,061,368 | ) | ||||||
| Net realized and unrealized gain (loss) on investments |
(13,713,072 | ) | 144,012 | (159,901,422 | ) | |||||||
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (13,095,088 | ) | $ | 166,377 | $ | (158,324,684 | ) | ||||
| * | Commencement of investment operations was December 4, 2008. |
| 1 |
Net of foreign withholding tax of $119, $0, and $105,575, respectively. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 71 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic and International Earnings Funds
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
||||||||||||||||||||||
| For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
For the Year Ended |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 463,823 | $ | 301,327 | $ | 1,635,575 | $ | 748,681 | $ | 345,120 | $ | 373,125 | ||||||||||||
| Net realized gain (loss) on investments |
(4,122,614 | ) | 1,130,585 | (15,355,729 | ) | 797,669 | (8,305,330 | ) | (194,381 | ) | ||||||||||||||
| Net change in unrealized depreciation on investments |
(6,107,489 | ) | (2,117,664 | ) | (21,261,215 | ) | (6,247,286 | ) | (2,696,551 | ) | (4,841,857 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(9,766,280 | ) | (685,752 | ) | (34,981,369 | ) | (4,700,936 | ) | (10,656,761 | ) | (4,663,113 | ) | ||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(459,975 | ) | (307,119 | ) | (1,621,994 | ) | (740,878 | ) | (345,011 | ) | (365,601 | ) | ||||||||||||
| Total dividends |
(459,975 | ) | (307,119 | ) | (1,621,994 | ) | (740,878 | ) | (345,011 | ) | (365,601 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
10,876,508 | 20,478,050 | 51,903,655 | 48,507,197 | 9,527,012 | 51,146,505 | ||||||||||||||||||
| Cost of shares redeemed |
(87 | ) | (28,121,045 | ) | (10,513,880 | ) | (7,676,471 | ) | (9,366,333 | ) | (25,747,883 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
10,876,421 | (7,642,995 | ) | 41,389,775 | 40,830,726 | 160,679 | 25,398,622 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
650,166 | (8,635,866 | ) | 4,786,412 | 35,388,912 | (10,841,093 | ) | 20,369,908 | ||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 15,861,329 | $ | 24,497,195 | $ | 54,927,179 | $ | 19,538,267 | $ | 25,247,270 | $ | 4,877,362 | ||||||||||||
| End of year |
$ | 16,511,495 | $ | 15,861,329 | $ | 59,713,591 | $ | 54,927,179 | $ | 14,406,177 | $ | 25,247,270 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 8,240 | $ | 4,658 | $ | 29,566 | $ | 15,985 | $ | 5,222 | $ | 10,225 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
350,002 | 500,002 | 1,200,002 | 400,002 | 600,002 | 100,002 | ||||||||||||||||||
| Shares created |
250,000 | 400,000 | 1,300,000 | 950,000 | 250,000 | 1,050,000 | ||||||||||||||||||
| Shares redeemed |
(2 | ) | (550,000 | ) | (350,002 | ) | (150,000 | ) | (300,002 | ) | (550,000 | ) | ||||||||||||
| Shares outstanding, end of year |
600,000 | 350,002 | 2,150,000 | 1,200,002 | 550,000 | 600,002 | ||||||||||||||||||
See Notes to Financial Statements.
| 72 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree Domestic and International Earnings Funds
| WisdomTree SmallCap Earnings Fund |
WisdomTree Earnings Top 100 Fund |
WisdomTree Low P/E Fund |
||||||||||||||||||||||
| For the Year Ended |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 248,299 | $ | 195,970 | $ | 281,860 | $ | 288,595 | $ | 617,984 | $ | 489,428 | ||||||||||||
| Net realized gain (loss) on investments |
(5,600,297 | ) | (151,050 | ) | (6,973,278 | ) | 1,779,623 | (9,907,303 | ) | 436,964 | ||||||||||||||
| Net change in unrealized depreciation on investments |
(2,855,403 | ) | (3,143,161 | ) | (514,024 | ) | (2,390,622 | ) | (3,805,769 | ) | (3,050,810 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(8,207,401 | ) | (3,098,241 | ) | (7,205,442 | ) | (322,404 | ) | (13,095,088 | ) | (2,124,418 | ) | ||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(255,760 | ) | (186,563 | ) | (285,573 | ) | (293,724 | ) | (620,423 | ) | (485,812 | ) | ||||||||||||
| Total dividends |
(255,760 | ) | (186,563 | ) | (285,573 | ) | (293,724 | ) | (620,423 | ) | (485,812 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
14,663,798 | 21,541,453 | 5,598,290 | 17,499,453 | 15,738,329 | 31,995,749 | ||||||||||||||||||
| Cost of shares redeemed |
(7,837,559 | ) | (12,279,047 | ) | (2,944,085 | ) | (28,203,060 | ) | (5,356,254 | ) | (29,974,021 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
6,826,239 | 9,262,406 | 2,654,205 | (10,703,607 | ) | 10,382,075 | 2,021,728 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(1,636,922 | ) | 5,977,602 | (4,836,810 | ) | (11,319,735 | ) | (3,333,436 | ) | (588,502 | ) | |||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 15,584,561 | $ | 9,606,959 | $ | 13,368,068 | $ | 24,687,803 | $ | 23,940,322 | $ | 24,528,824 | ||||||||||||
| End of year |
$ | 13,947,639 | $ | 15,584,561 | $ | 8,531,258 | $ | 13,368,068 | $ | 20,606,886 | $ | 23,940,322 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 7,113 | $ | 13,776 | $ | 5,978 | $ | 9,691 | $ | 7,570 | $ | 10,377 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
400,002 | 200,002 | 300,002 | 500,002 | 550,002 | 500,002 | ||||||||||||||||||
| Shares created |
450,000 | 500,000 | 150,000 | 350,000 | 450,000 | 650,000 | ||||||||||||||||||
| Shares redeemed |
(250,002 | ) | (300,000 | ) | (100,002 | ) | (550,000 | ) | (150,002 | ) | (600,000 | ) | ||||||||||||
| Shares outstanding, end of year |
600,000 | 400,002 | 350,000 | 300,002 | 850,000 | 550,002 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 73 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic and International Earnings Funds
| WisdomTree LargeCap Growth Fund |
WisdomTree India Earnings Fund |
|||||||||||
| For the Period December 4, 2008* through March 31, 2009 |
For the Year Ended March 31, 2009 |
For the Period February 22, 2008* through March 31, 2008 |
||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
||||||||||||
| Net investment income (loss) |
$ | 22,365 | $ | 1,576,738 | $ | (39,971 | ) | |||||
| Net realized gain (loss) on investments |
222,081 | (58,840,054 | ) | (190,793 | ) | |||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(78,069 | ) | (101,061,368 | ) | (10,605,244 | ) | ||||||
| Net increase (decrease) in net assets resulting from operations |
166,377 | (158,324,684 | ) | (10,836,008 | ) | |||||||
| DIVIDENDS: |
||||||||||||
| Net investment income |
(20,745 | ) | (1,428,048 | ) | — | |||||||
| Total dividends |
(20,745 | ) | (1,428,048 | ) | — | |||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||
| Net proceeds from sale of shares |
14,314,630 | 196,069,631 | 173,385,353 | |||||||||
| Cost of shares redeemed |
(5,324,232 | ) | (29,661,633 | ) | (9,469 | ) | ||||||
| Net increase in net assets resulting from capital share transactions |
8,990,398 | 166,407,998 | 173,375,884 | |||||||||
| Net Increase in Net Assets |
9,136,030 | 6,655,266 | 162,539,876 | |||||||||
| NET ASSETS: |
||||||||||||
| Beginning of period |
$ | 100 | $ | 162,539,976 | $ | 100 | ||||||
| End of period |
$ | 9,136,130 | $ | 169,195,242 | $ | 162,539,976 | ||||||
| Undistributed (Distributions in excess of) net investment income included in net assets at end of period |
$ | 1,763 | $ | (71,898 | ) | $ | (229,585 | ) | ||||
| SHARES CREATED AND REDEEMED: |
||||||||||||
| Shares outstanding, beginning of period |
4 | 7,200,004 | — | |||||||||
| Shares created |
550,000 | 10,600,000 | 7,200,004 | |||||||||
| Shares redeemed |
(200,000 | ) | (2,400,004 | ) | — | |||||||
| Shares outstanding, end of period |
350,004 | 15,400,000 | 7,200,004 | |||||||||
| * | Commencement of investment operations. |
See Notes to Financial Statements.
| 74 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Domestic and International Earnings Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Earnings Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 45.32 | $ | 48.99 | $ | 49.97 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.87 | 0.85 | 0.11 | |||||||||
| Net realized and unrealized loss |
(17.87 | ) | (3.56 | ) | (1.00 | ) | ||||||
| Total from investment operations |
(17.00 | ) | (2.71 | ) | (0.89 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.80 | ) | (0.96 | ) | (0.09 | ) | ||||||
| Total dividends to shareholders |
(0.80 | ) | (0.96 | ) | (0.09 | ) | ||||||
| Net asset value, end of period |
$ | 27.52 | $ | 45.32 | $ | 48.99 | ||||||
| TOTAL RETURN3 |
(37.86 | )% | (5.69 | )% | (1.79 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 16,511 | $ | 15,861 | $ | 24,497 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.28 | % | 0.28 | % | 0.35 | %4 | ||||||
| Net investment income |
2.33 | % | 1.76 | % | 2.21 | %4 | ||||||
| Portfolio turnover rate5 |
23 | % | 11 | % | 1 | % | ||||||
| WisdomTree Earnings 500 Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period February 23, 20071 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 45.77 | $ | 48.85 | $ | 49.77 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.91 | 0.94 | 0.11 | |||||||||
| Net realized and unrealized loss |
(18.07 | ) | (3.18 | ) | (0.94 | ) | ||||||
| Total from investment operations |
(17.16 | ) | (2.24 | ) | (0.83 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.84 | ) | (0.84 | ) | (0.09 | ) | ||||||
| Total dividends to shareholders |
(0.84 | ) | (0.84 | ) | (0.09 | ) | ||||||
| Net asset value, end of period |
$ | 27.77 | $ | 45.77 | $ | 48.85 | ||||||
| TOTAL RETURN3 |
(37.83 | )% | (4.72 | )% | (1.67 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 59,714 | $ | 54,927 | $ | 19,538 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.28 | % | 0.28 | % | 0.28 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.28 | % | 0.28 | % | 0.37 | %4 | ||||||
| Net investment income |
2.49 | % | 1.93 | % | 2.24 | %4 | ||||||
| Portfolio turnover rate5 |
21 | % | 8 | % | 1 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 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 Domestic and International Earnings Funds | 75 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Earnings Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 42.08 | $ | 48.77 | $ | 50.01 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.54 | 0.81 | 0.07 | |||||||||
| Net realized and unrealized loss |
(15.88 | ) | (6.90 | ) | (1.25 | ) | ||||||
| Total from investment operations |
(15.34 | ) | (6.09 | ) | (1.18 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.55 | ) | (0.60 | ) | (0.06 | ) | ||||||
| Total dividends to shareholders |
(0.55 | ) | (0.60 | ) | (0.06 | ) | ||||||
| Net asset value, end of period |
$ | 26.19 | $ | 42.08 | $ | 48.77 | ||||||
| TOTAL RETURN3 |
(36.73 | )% | (12.57 | )% | (2.37 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 14,406 | $ | 25,247 | $ | 4,877 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.74 | %4 | ||||||
| Net investment income |
1.49 | % | 1.70 | % | 1.47 | %4 | ||||||
| Portfolio turnover rate5 |
39 | % | 45 | % | 0 | %6 | ||||||
| WisdomTree SmallCap Earnings Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 38.96 | $ | 48.03 | $ | 50.03 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.47 | 0.58 | 0.06 | |||||||||
| Net realized and unrealized loss |
(15.64 | ) | (9.17 | ) | (2.02 | ) | ||||||
| Total from investment operations |
(15.17 | ) | (8.59 | ) | (1.96 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.54 | ) | (0.48 | ) | (0.04 | ) | ||||||
| Total dividends to shareholders |
(0.54 | ) | (0.48 | ) | (0.04 | ) | ||||||
| Net asset value, end of period |
$ | 23.25 | $ | 38.96 | $ | 48.03 | ||||||
| TOTAL RETURN3 |
(39.31 | )% | (17.97 | )% | (3.92 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 13,948 | $ | 15,585 | $ | 9,607 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.58 | %4 | ||||||
| Net investment income |
1.49 | % | 1.28 | % | 1.39 | %4 | ||||||
| Portfolio turnover rate5 |
51 | % | 37 | % | 0 | %6 | ||||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 4 |
Annualized. |
| 5 |
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 |
Amount represents less than 1%. |
See Notes to Financial Statements.
| 76 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Earnings Top 100 Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 44.56 | $ | 49.38 | $ | 50.15 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.81 | 0.90 | 0.10 | |||||||||
| Net realized and unrealized loss |
(20.20 | ) | (4.69 | ) | (0.80 | ) | ||||||
| Total from investment operations |
(19.39 | ) | (3.79 | ) | (0.70 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.79 | ) | (1.03 | ) | (0.07 | ) | ||||||
| Total dividends to shareholders |
(0.79 | ) | (1.03 | ) | (0.07 | ) | ||||||
| Net asset value, end of period |
$ | 24.38 | $ | 44.56 | $ | 49.38 | ||||||
| TOTAL RETURN3 |
(43.93 | )% | (7.89 | )% | (1.39 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 8,531 | $ | 13,368 | $ | 24,688 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.45 | %4 | ||||||
| Net investment income |
2.34 | % | 1.83 | % | 2.03 | %4 | ||||||
| Portfolio turnover rate5 |
50 | % | 13 | % | 2 | % | ||||||
| WisdomTree Low P/E Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 43.53 | $ | 49.06 | $ | 49.99 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.86 | 1.03 | 0.10 | |||||||||
| Net realized and unrealized loss |
(19.33 | ) | (5.49 | ) | (0.95 | ) | ||||||
| Total from investment operations |
(18.47 | ) | (4.46 | ) | (0.85 | ) | ||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.82 | ) | (1.07 | ) | (0.08 | ) | ||||||
| Total dividends to shareholders |
(0.82 | ) | (1.07 | ) | (0.08 | ) | ||||||
| Net asset value, end of period |
$ | 24.24 | $ | 43.53 | $ | 49.06 | ||||||
| TOTAL RETURN3 |
(42.87 | )% | (9.31 | )% | (1.69 | )% | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 20,607 | $ | 23,940 | $ | 24,529 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.38 | % | 0.38 | % | 0.38 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.38 | % | 0.38 | % | 0.45 | %4 | ||||||
| Net investment income |
2.60 | % | 2.10 | % | 1.98 | %4 | ||||||
| Portfolio turnover rate5 |
54 | % | 20 | % | 1 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 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 Domestic and International Earnings Funds | 77 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic and International Earnings Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Growth Fund | For the Period March 31, 2009 |
|||
| Net asset value, beginning of period |
$ | 25.28 | ||
| Investment operations: |
||||
| Net investment income2 |
0.09 | |||
| Net realized and unrealized gain |
0.81 | |||
| Total from investment operations |
0.90 | |||
| Dividends to shareholders: |
||||
| Net investment income |
(0.08 | ) | ||
| Total dividends to shareholders |
(0.08 | ) | ||
| Net asset value, end of period |
$ | 26.10 | ||
| TOTAL RETURN3 |
3.56 | % | ||
| RATIOS/SUPPLEMENTAL DATA: |
||||
| Net assets, end of period (000’s omitted) |
$ | 9,136 | ||
| Ratio to average net assets of: |
||||
| Net expenses |
0.38 | %4 | ||
| Net investment income |
1.26 | %4 | ||
| Portfolio turnover rate5 |
1 | % | ||
| WisdomTree India Earnings Fund | For the Year Ended March 31, 2009 |
For the Period March 31, 2008 |
||||||
| Net asset value, beginning of period |
$ | 22.57 | $ | 24.94 | ||||
| Investment operations: |
||||||||
| Net investment income (loss)2 |
0.12 | (0.01 | ) | |||||
| Net realized and unrealized loss |
(11.60 | ) | (2.36 | ) | ||||
| Total from investment operations |
(11.48 | ) | (2.37 | ) | ||||
| Dividends to shareholders: |
||||||||
| Net investment income |
(0.10 | ) | — | |||||
| Total dividends to shareholders |
(0.10 | ) | — | |||||
| Net asset value, end of period |
$ | 10.99 | $ | 22.57 | ||||
| TOTAL RETURN3 |
(50.89 | )% | (9.50 | )% | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 169,195 | $ | 162,540 | ||||
| Ratio to average net assets of: |
||||||||
| Expenses, net of expense reimbursements |
0.88 | % | 0.88 | %4 | ||||
| Expenses, prior to expense reimbursements |
0.92 | % | 2.10 | %4 | ||||
| Net investment income (loss) |
0.77 | % | (0.41 | )%4 | ||||
| Portfolio turnover rate5 |
42 | % | 0 | %6 | ||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 4 |
Annualized. |
| 5 |
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 |
Amount represents less than 1%. |
See Notes to Financial Statements.
| 78 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
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 pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2009, the Trust offered 50 investment funds (each a “Fund,” collectively, the “Funds”). The Funds described herein commenced operations on February 23, 2007, with the exception of the WisdomTree India Earnings Fund and the WisdomTree LargeCap Growth Fund which commenced operations on February 22, 2008 and December 4, 2008, respectively.
These financial statements relate only to the WisdomTree Total Earnings Fund (“Total Earnings Fund”), WisdomTree Earnings 500 Fund (“Earnings 500 Fund”), WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”), WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”), WisdomTree Earnings Top 100 Fund (“Earnings Top 100 Fund”), WisdomTree Low P/E Fund (“Low P/E Fund”), WisdomTree India Earnings Fund (“India Earnings Fund”) and WisdomTree LargeCap Growth Fund (“LargeCap Growth Fund”), together the “Domestic and International Earnings Funds.” The India Earnings Fund makes it investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius. The Portfolio is advised by WisdomTree Asset Management and is sub-advised by Mellon Capital Management Corporation, Inc. This structure should permit the India Earnings Fund to benefit from a tax treaty between India and Mauritius. Recently, the Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as WisdomTree India Earnings Fund. No assurance can be given that the terms of the treaty will not be subject to re-negotiation in the future or subject to a different interpretation. Any change in the provision of this treaty or in its applicability to WisdomTree India Earnings Fund could result in the imposition of withholding and other taxes on the India Earnings Fund by tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders. References to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). Each Fund described herein is considered to be non-diversified. The securities in each Index are weighted based on earnings or earnings yield.
2. SIGNIFICANT ACCOUNTING POLICIES
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.
Use of Estimates — The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The Net Asset Value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. 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.
Fair Value Measurement — Effective April 1, 2008, the Funds adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). This standard defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosure about fair value measurements. Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below.
| WisdomTree Domestic and International Earnings Funds | 79 |
Table of Contents
Notes to Financial Statements (continued)
Various inputs are used in determining the value of the Portfolio’s investments. These inputs are summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumption in determining the fair value of investments)
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 net asset value is computed and that may materially affect the value of the Fund’s investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict and acts of terrorism.
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2009 in valuing each Fund’s assets carried at fair value:
| Fund | Level 1 – Quoted Prices Valuation Inputs |
Level 2 – Other Significant Observable Inputs |
Level 3 – Significant Unobservable Inputs |
Total | ||||||||
| Total Earnings Fund |
$ | 16,392,378 | $ | 255,184 | $ | — | $ | 16,647,562 | ||||
| Earnings 500 Fund |
59,116,479 | 1,069,080 | — | 60,185,559 | ||||||||
| MidCap Earnings Fund |
14,328,464 | 591,530 | — | 14,919,994 | ||||||||
| SmallCap Earnings Fund |
13,907,437 | 603,426 | — | 14,510,863 | ||||||||
| Earnings Top 100 Fund |
8,498,233 | 21,622 | — | 8,519,855 | ||||||||
| Low P/E Fund |
20,529,022 | 276,608 | — | 20,805,630 | ||||||||
| LargeCap Growth Fund |
9,119,341 | — | — | 9,119,341 | ||||||||
| India Earnings Fund |
169,039,888 | — | — | 169,039,888 | ||||||||
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| India Earnings Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 357,147 | ||
| Realized gain (loss) |
(114,700 | ) | ||
| Change in unrealized appreciation (depreciation) |
(99,443 | ) | ||
| Net purchases (sales) |
(47,806 | ) | ||
| Transfers in/out |
(95,199 | ) | ||
| Balance as of March 31, 2009 |
$ | — | ||
Investment Transactions — 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.
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 deemed appropriate by the investment adviser. Realized and unrealized foreign exchange gains or losses on investments are included as a component of net realized and unrealized gain or loss on foreign currency transactions in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Investment Income — Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses/Reimbursements — WisdomTree Asset Management (“WTAM”) has agreed to pay all expenses of the Funds (other than the India Earnings Fund), except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the
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Notes to Financial Statements (continued)
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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds (other than the India Earnings 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 service fee paid by each Fund of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $397,376 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the period ended March 31, 2009. Expense in excess of 0.0044% were paid by WTAM. WTAM has agreed to limit the total expenses of the India Earnings Fund to 0.88% through March 31, 2009 and waived $80,959 for the same period.
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. The loans are collateralized at all times by cash and/or high grade debt obligations in an amount at least equal to 102% of the market value of domestic securities loaned (105% in the case of foreign securities loaned), as determined at the close of business on the preceding business day. 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 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 receives 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.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
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 in which a Fund may invest 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. 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 Federal income tax regulations which may differ from U.S. 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 as a tax return of capital. The India Earnings Fund has filed an election to treat the WisdomTree India Investment Portfolio, Inc. as a “pass-through” entity for tax purposes.
Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”) prescribes 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 year ended March 31, 2009, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Portfolios file tax returns with U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the three year period ended March 31, 2009, remains subject to examination by taxing authorities.
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Notes to Financial Statements (continued)
3. ADVISER FEES
Adviser Fees — As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund (other than the India Earnings Fund), WTAM agrees to pay all expenses of the Trust, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s Chief Compliance Officer, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses. Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund (other than the India Earnings 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%. WTAM has agreed to limit total expenses for the India Earnings Fund to 0.88% through March 31, 2009. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | ||
| Total Earnings Fund |
0.28 | % | |
| Earnings 500 Fund |
0.28 | % | |
| MidCap Earnings Fund |
0.38 | % | |
| SmallCap Earnings Fund |
0.38 | % | |
| Earnings Top 100 Fund |
0.38 | % | |
| Low P/E Fund |
0.38 | % | |
| LargeCap Growth Fund |
0.38 | % | |
| India Earnings Fund |
0.68 | % |
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the period ended March 31, 2009, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2009, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. The WisdomTree India Earnings Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions and short-term investments) for the period ended March 31, 2009 were as follows:
| Fund | Purchases | Sales | ||||
| Total Earnings Fund |
$ | 4,502,418 | $ | 4,518,335 | ||
| Earnings 500 Fund |
13,931,437 | 14,065,193 | ||||
| MidCap Earnings Fund |
9,022,569 | 8,999,909 | ||||
| SmallCap Earnings Fund |
8,570,949 | 8,543,575 | ||||
| Earnings Top 100 Fund |
6,157,150 | 6,128,885 | ||||
| Low P/E Fund |
12,990,538 | 12,958,662 | ||||
| LargeCap Growth Fund |
47,144 | 51,282 | ||||
| India Earnings Fund |
251,867,852 | 85,434,132 | ||||
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Notes to Financial Statements (continued)
For the period ended March 31, 2009, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Redemptions | ||||
| Total Earnings Fund |
$ | 10,846,918 | $ | — | ||
| Earnings 500 Fund |
51,496,447 | 10,417,904 | ||||
| MidCap Earnings Fund |
9,497,563 | 9,320,480 | ||||
| SmallCap Earnings Fund |
14,644,015 | 7,808,918 | ||||
| Earnings Top 100 Fund |
5,569,904 | 2,935,790 | ||||
| Low P/E Fund |
15,671,281 | 5,342,040 | ||||
| LargeCap Growth Fund |
14,295,966 | 5,316,499 | ||||
| India Earnings Fund |
— | — | ||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2009, 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 Depreciation |
||||||||||
| Total Earnings Fund |
$ | 25,943,935 | $ | 95,735 | $ | (9,392,108 | ) | $ | (9,296,373 | ) | ||||
| Earnings 500 Fund |
90,317,467 | 248,926 | (30,380,834 | ) | (30,131,908 | ) | ||||||||
| MidCap Earnings Fund |
22,730,441 | 407,906 | (8,218,353 | ) | (7,810,447 | ) | ||||||||
| SmallCap Earnings Fund |
21,244,517 | 555,568 | (7,289,222 | ) | (6,733,654 | ) | ||||||||
| Earnings Top 100 Fund |
11,758,887 | 253,603 | (3,492,635 | ) | (3,239,032 | ) | ||||||||
| Low P/E Fund |
28,463,061 | 578,146 | (8,235,577 | ) | (7,657,431 | ) | ||||||||
| LargeCap Growth Fund |
9,197,410 | 224,612 | (302,681 | ) | (78,069 | ) | ||||||||
| India Earnings Fund |
304,680,384 | 377,578 | (136,018,074 | ) | (135,640,496 | ) | ||||||||
At March 31, 2009, the components of accumulated earning/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Depreciation |
Currency Unrealized Appreciation |
Total Accumulated Loss |
|||||||||||||
| Total Earnings Fund |
$ | 8,240 | $ | (3,956,888 | ) | $ | (9,296,373 | ) | $ | — | $ | (13,245,021 | ) | |||||
| Earnings 500 Fund |
29,566 | (11,791,505 | ) | (30,131,908 | ) | — | (41,893,847 | ) | ||||||||||
| MidCap Earnings Fund |
5,222 | (8,263,732 | ) | (7,810,447 | ) | — | (16,068,957 | ) | ||||||||||
| SmallCap Earnings Fund |
7,113 | (6,240,747 | ) | (6,733,654 | ) | — | (12,967,288 | ) | ||||||||||
| Earnings Top 100 Fund |
5,978 | (6,646,547 | ) | (3,239,032 | ) | — | (9,879,601 | ) | ||||||||||
| Low P/E Fund |
7,570 | (10,703,660 | ) | (7,657,431 | ) | — | (18,353,521 | ) | ||||||||||
| LargeCap Growth Fund |
1,763 | (15,810 | ) | (78,069 | ) | — | (92,116 | ) | ||||||||||
| India Earnings Fund |
53,088 | (35,012,062 | ) | (135,640,496 | ) | 15,981 | (170,583,489 | ) | ||||||||||
The tax character of distributions paid during the period ended March 31, 2009 and the year ended March 31, 2008, was as follows:
| Period Ended March 31, 2009 |
Year Ended March 31, 2008 | |||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Ordinary Income* | ||||
| Total Earnings Fund |
$ | 459,975 | $ | 307,119 | ||
| Earnings 500 Fund |
1,621,994 | 740,878 | ||||
| MidCap Earnings Fund |
345,011 | 365,601 | ||||
| SmallCap Earnings Fund |
255,760 | 186,563 | ||||
| Earnings Top 100 Fund |
285,573 | 293,724 | ||||
| Low P/E Fund |
620,423 | 485,812 | ||||
| LargeCap Growth Fund |
20,745 | N/A | ||||
| India Earnings Fund |
1,428,048 | — | ||||
| * | Includes short-term capital gains. |
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Notes to Financial Statements (concluded)
At March 31, 2009, for Federal income 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 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Total | ||||||
| Total Earnings Fund |
$ | 133,369 | $ | 451,951 | $ | 585,320 | |||
| Earnings 500 Fund |
194,476 | 1,286,040 | 1,480,516 | ||||||
| MidCap Earnings Fund |
354,730 | 1,545,771 | 1,900,501 | ||||||
| SmallCap Earnings Fund |
31,705 | 1,465,208 | 1,496,913 | ||||||
| Earnings Top 100 Fund |
14,355 | 1,637,992 | 1,652,347 | ||||||
| Low P/E Fund |
281,843 | 1,085,926 | 1,367,769 | ||||||
| LargeCap Growth Fund |
— | — | — | ||||||
| India Earnings Fund |
1,179 | 20,567,350 | 20,568,529 | ||||||
Capital and currency losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
During the fiscal year ended March 31, 2009, the following Funds incurred and will elect to defer net post-October capital and currency losses as follows:
| Fund | Post-October Capital Losses |
Post-October Currency Losses | ||||
| Total Earnings Fund |
$ | 3,371,568 | $ | — | ||
| Earnings 500 Fund |
10,310,989 | — | ||||
| MidCap Earnings Fund |
6,363,231 | — | ||||
| SmallCap Earnings Fund |
4,743,834 | — | ||||
| Earnings Top 100 Fund |
4,994,200 | — | ||||
| Low P/E Fund |
9,335,891 | — | ||||
| LargeCap Growth Fund |
15,810 | — | ||||
| India Earnings Fund |
14,323,797 | 119,736 | ||||
At March 31, 2009, the effect of permanent “book/tax” reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/(Loss) |
Paid-in Capital | |||||||||
| Total Earnings Fund |
$ | (266 | ) | $ | 266 | $ | — | |||||
| Earnings 500 Fund |
— | 1,968,243 | (1,968,243 | ) | ||||||||
| MidCap Earnings Fund |
(5,112 | ) | 1,952,702 | (1,947,590 | ) | |||||||
| SmallCap Earnings Fund |
798 | 436,611 | (437,409 | ) | ||||||||
| Earnings Top 100 Fund |
— | 1,041,512 | (1,041,512 | ) | ||||||||
| Low P/E Fund |
(368 | ) | (309,473 | ) | 309,841 | |||||||
| LargeCap Growth Fund |
143 | (237,891 | ) | 237,748 | ||||||||
| India Earnings Fund |
8,997 | (3,746 | ) | (5,251 | ) | |||||||
These differences are primarily due to redemptions-in-kind and the tax treatment of income earned from investments in partnerships and/or foreign currency transactions.
7. NEW ACCOUNTING PRONOUNCEMENT
On March 19, 2008, the FASB released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 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 application of FAS 161 is required for fiscal years beginning after November 15, 2008 and interim periods within those fiscal years. At this time, management is evaluating the implications of FAS 161 and its impact on the financial statements.
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree Earnings Top 100 Fund, WisdomTree Low P/E Fund, WisdomTree LargeCap Growth Fund, and WisdomTree India Earnings Fund (eight of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2009, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2009, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund. WisdomTree Earnings Top 100 Fund, WisdomTree Low P/E Fund, WisdomTree LargeCap Growth Fund, and WisdomTree India Earnings Fund of WisdomTree Trust at March 31, 2009, 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.
New York, New York
May 28, 2009
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
The Board of Trustees of the Trust, including a majority of the Independent Trustees, has the responsibility under the 1940 Act to approve each Fund’s Investment Advisory Agreement and Sub-Advisory Agreement (collectively, the “Investment Advisory Agreements”). In addition, the Trust’s Board of Trustees will receive, review and evaluate information concerning the services and personnel of WTAM (the “Investment Adviser”) and Mellon Capital Management Corporation (the “Sub-Adviser”) at each quarterly meeting of the Board of Trustees. While particular emphasis will be placed on information concerning profitability, comparability of fees and total expenses, and the Trust’s investment performance at any future meeting at which a renewal of the Investment Advisory Agreements is considered, the process of evaluating the Investment Adviser and the Sub-Adviser and the Trust’s investment arrangements is an ongoing one. In this regard, the Board’s consideration of the nature, extent and quality of the services to be provided by the Investment Adviser and the Sub-Adviser under the Investment Advisory Agreements will include deliberations at future quarterly meetings.
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 2, 2009, the Board of Trustees reapproved the Investment Advisory Agreement for the Funds (other than the India Earnings Fund). At the same meeting, the Board approved the Investment Advisory Agreement for the India Earnings Fund. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board 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 also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Adviser and oversight of the Sub-Adviser’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also 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 concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the Sub-Adviser to the Funds, Mellon Capital Management Corporation (“MCM”), using essentially the same criteria it used for WTAM. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation (“BNYM”), an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian and transfer agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-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 determined that the approval of the Advisory Agreement and the Sub-Advisory Agreement was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreement and Sub-Advisory Agreement.
| 86 | WisdomTree Domestic and International Earnings Funds |
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Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” 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. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basics Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree Total Earnings Fund |
0 – 24.9 | 173 | 32.64 | % | 295 | 55.66 | % | |||||
| 25 – 49.9 | 15 | 2.83 | % | 25 | 4.72 | % | ||||||
| 50 – 74.9 | 3 | 0.57 | % | 7 | 1.32 | % | ||||||
| 75 – 100.0 | 5 | 0.94 | % | 0 | 0.00 | % | ||||||
| >100.0 | 4 | 0.75 | % | 3 | 0.57 | % | ||||||
| Total | 200 | 37.73 | % | 330 | 62.27 | % | ||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree Earnings 500 Fund |
0 – 24.9 | 188 | 35.47 | % | 271 | 51.13 | % | |||||
| 25 – 49.9 | 19 | 3.58 | % | 28 | 5.28 | % | ||||||
| 50 – 74.9 | 3 | 0.57 | % | 6 | 1.13 | % | ||||||
| 75 – 100.0 | 5 | 0.94 | % | 4 | 0.75 | % | ||||||
| >100.0 | 5 | 0.94 | % | 1 | 0.19 | % | ||||||
| Total | 220 | 41.50 | % | 310 | 58.48 | % | ||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree MidCap Earnings Fund |
0 – 24.9 | 209 | 39.43 | % | 240 | 45.28 | % | |||||
| 25 – 49.9 | 17 | 3.21 | % | 31 | 5.85 | % | ||||||
| 50 – 74.9 | 6 | 1.13 | % | 12 | 2.26 | % | ||||||
| 75 – 100.0 | 4 | 0.75 | % | 1 | 0.19 | % | ||||||
| >100.0 | 3 | 0.57 | % | 7 | 1.32 | % | ||||||
| Total | 239 | 45.09 | % | 291 | 54.90 | % | ||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree SmallCap Earnings Fund |
0 – 24.9 | 196 | 36.98 | % | 214 | 40.38 | % | |||||
| 25 – 49.9 | 46 | 8.68 | % | 34 | 6.42 | % | ||||||
| 50 – 74.9 | 12 | 2.26 | % | 8 | 1.51 | % | ||||||
| 75 – 100.0 | 3 | 0.57 | % | 1 | 0.19 | % | ||||||
| >100.0 | 9 | 1.70 | % | 7 | 1.32 | % | ||||||
| Total | 266 | 50.19 | % | 264 | 49.82 | % | ||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree Earnings Top 100 Fund |
0 – 24.9 | 203 | 38.30 | % | 245 | 46.23 | % | |||||
| 25 – 49.9 | 20 | 3.77 | % | 20 | 3.77 | % | ||||||
| 50 – 74.9 | 8 | 1.51 | % | 9 | 1.70 | % | ||||||
| 75 – 100.0 | 4 | 0.75 | % | 6 | 1.13 | % | ||||||
| >100.0 | 12 | 2.26 | % | 3 | 0.57 | % | ||||||
| Total | 247 | 46.59 | % | 283 | 53.40 | % | ||||||
| February 23 – March 31, 2009 |
||||||||||||
| WisdomTree Low P/E Fund |
0 – 24.9 | 191 | 36.04 | % | 243 | 45.85 | % | |||||
| 25 – 49.9 | 18 | 3.40 | % | 27 | 5.09 | % | ||||||
| 50 – 74.9 | 10 | 1.89 | % | 7 | 1.32 | % | ||||||
| 75 – 100.0 | 9 | 1.70 | % | 4 | 0.75 | % | ||||||
| >100.0 | 16 | 3.02 | % | 5 | 0.94 | % | ||||||
| Total | 244 | 46.05 | % | 286 | 53.95 | % | ||||||
| WisdomTree Domestic and International Earnings Funds | 87 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| December 4, 2008 – March 31, 2009 |
||||||||||||
| WisdomTree LargeCap Growth Fund |
0 – 24.9 | 42 | 53.16 | % | 18 | 22.78 | % | |||||
| 25 – 49.9 | 9 | 11.39 | % | 4 | 5.06 | % | ||||||
| 50 – 74.9 | 0 | 0.00 | % | 1 | 1.27 | % | ||||||
| 75 – 100.0 | 4 | 5.06 | % | 0 | 0.00 | % | ||||||
| >100.0 | 0 | 0.00 | % | 1 | 1.27 | % | ||||||
| Total | 55 | 69.61 | % | 24 | 30.38 | % | ||||||
| February 22, 2008 – March 31, 2009 |
||||||||||||
| WisdomTree India Earnings Fund |
0 – 24.9 | 14 | 5.02 | % | 4 | 1.43 | % | |||||
| 25 – 49.9 | 13 | 4.66 | % | 10 | 3.58 | % | ||||||
| 50 – 74.9 | 13 | 4.66 | % | 13 | 4.66 | % | ||||||
| 75 – 100.0 | 17 | 6.09 | % | 15 | 5.38 | % | ||||||
| >100.0 | 105 | 37.63 | % | 75 | 26.88 | % | ||||||
| Total | 162 | 58.06 | % | 117 | 41.93 | % | ||||||
| 88 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Trustee and Officer 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 WisdomTree Asset Management 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 |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee and Officer† |
Other Directorships | |||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
Chief Executive Officer of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) and Director of WisdomTree Investments, Inc. (since 1989) (formerly, Index Development Partners, Inc.). | 50 | None. | |||||
| Amit Muni (1969) |
Treasurer*, Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since March 2008); International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer (2003 to 2008); Instinet Group Inc., Vice President Finance (2000 to 2003). | 50 | None. | |||||
| Richard Morris (1967) |
Secretary*, Chief Legal Officer* | Officer since 2005 |
Deputy General Counsel of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since 2005); Senior Counsel at Barclays Global Investors, N.A. (2002 to 2005); Counsel at Barclays Global Investors, N.A. (2000 to 2001). | 50 | None. | |||||
| * | Elected by and serves at the pleasure of the Board of Trustees |
| † | As of March 31, 2009. |
| WisdomTree Domestic and International Earnings Funds | 89 |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name |
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 | |||||
| Gregory Barton (1961)* | Trustee | Trustee since 2006 |
General Counsel and Secretary of Martha Stewart Living Omnimedia, Inc. (2007-2008); Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2003 to 2007); Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2002 to 2003); President (2001 to 2002), Chief Financial Officer (2000 to 2002), Vice President of Business Development (1999 to 2001) and General Counsel and Secretary (1998 to 2002) of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) | 50 | None. | |||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean at University of Arizona James E. Rogers College of Law (since 1999); Professor at University of Arizona James E. Rogers College of Law (since 1990). | 50 | None. | |||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
Private Investor (2005 to present); President and Chief Executive Officer of William D. Witter, Inc. (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 Corp., and Chairman of the Fund Board of Enterprise Group of Funds (1991 to 2004). | 50 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of the Hoover Institution at Stanford University. | |||||
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| † | As of March 31, 2009. |
| 90 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2009, 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 2010.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2009, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | ||
| Total Earnings Fund |
$ | 459,974 | |
| Earnings 500 Fund |
1,621,994 | ||
| MidCap Earnings Fund |
343,060 | ||
| SmallCap Earnings Fund |
247,602 | ||
| Earnings Top 100 Fund |
285,573 | ||
| Low P/E Fund |
620,423 | ||
| LargeCap Growth Fund |
11,961 | ||
| India Earnings Fund |
1,501,232 | ||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2009, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction |
||
| Total Earnings Fund |
100.00 | % | |
| Earnings 500 Fund |
100.00 | ||
| MidCap Earnings Fund |
99.75 | ||
| SmallCap Earnings Fund |
97.48 | ||
| Earnings Top 100 Fund |
100.00 | ||
| Low P/E Fund |
100.00 | ||
| LargeCap Growth Fund |
57.66 | ||
| India Earnings Fund |
0.00 |
The Funds intend to elect to pass through to shareholders the credit for taxes paid to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid | ||||
| Total Earnings Fund |
$ | — | $ | — | ||
| Earnings 500 Fund |
— | — | ||||
| MidCap Earnings Fund |
— | — | ||||
| SmallCap Earnings Fund |
— | — | ||||
| Earnings Top 100 Fund |
— | — | ||||
| Low P/E Fund |
— | — | ||||
| LargeCap Growth Fund |
— | — | ||||
| India Earnings Fund |
3,439,494 | 105,381 | ||||
| WisdomTree Domestic and International Earnings Funds | 91 |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine how to vote proxies related to each Fund’s portfolio securities, and information on how the Trust voted proxies during the period ended June 30, 2008, is available without charge, upon request (i) by calling 1-866-909-WISE, (ii) on the Trust’s website at www.wisdomtree.com and (iii) on the Securities and Exchange Commission’s (“SEC”) 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, upon request on the SEC’s website at www.sec.gov, and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330). (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The 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.
| 92 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2009:
| 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 Europe Total Dividend Fund (DEB)
WisdomTree Europe Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan Equity Income Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
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 International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Discretionary Sector Fund (DPC)
WisdomTree International Consumer Staples Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International 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 Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY) WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree U.S. Current Income Fund (USY)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree 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, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each Fund’s risk profile. Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 10017
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree Earnings ETFs
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree Earnings Top 100 Fund
WisdomTree Low P/E Fund
WisdomTree LargeCap Growth Fund
WisdomTree India Earnings Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS001850 (05/2010)
Table of Contents
WisdomTree Trust
International Dividend Funds
Annual Report
March 31, 2009
WisdomTree DEFA Fund
WisdomTree DEFA Equity Income Fund
WisdomTree Europe Total Dividend Fund
WisdomTree Europe Equity Income Fund
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Japan Total Dividend Fund
WisdomTree Japan Equity Income Fund
WisdomTree Japan SmallCap Dividend Fund
WisdomTree Pacific ex-Japan Total Dividend Fund
WisdomTree Pacific ex-Japan Equity Income 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
Table of Contents
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| 2 | ||
| 5 | ||
| 22 | ||
| Schedules of Investments | ||
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| 101 | ||
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| 111 | ||
| 120 | ||
| 132 | ||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
133 | |
| 134 | ||
| 137 | ||
| 139 | ||
| 140 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
Table of Contents
Dear Shareholders:
I wish there were more positive highlights to report for the funds of the WisdomTree Trust for the fiscal year that ended March 31, 2009. Unfortunately, the last 12 months represented one of the worst one-year periods for equity returns since the Great Depression.
U.S. stocks, as measured by the Russell 3000 Index, declined 38.20% through March 31, 2009. Stocks in developed and developing markets, as measured by the MSCI EAFE Index and the MSCI Emerging Markets Index, respectively, fell by approximately 47% over the same period. Value stocks underperformed growth stocks in the U.S. and international markets. Financial stocks represented the worst performing sector in the U.S and in the developed world.
These factors impacted the returns of many of WisdomTree’s funds, both on an absolute and relative basis to comparable cap-weighted indexes. 17 of WisdomTree’s 40 equity funds with at least one-year track records outperformed their comparable capitalization-weighted benchmark in the fiscal year ended March 31, 2009. Yet, despite this past year’s formidable headwinds, 24 of WisdomTree’s 42 equity ETFs have outperformed their comparable benchmarks since inception. WisdomTree’s strongest relative showing occurred within the developing world. The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) outperformed their comparable cap-weighted benchmarks by 10.86 percentage points and 9.18 percentage points, respectively. WisdomTree’s weakest relative performance for the period was exhibited by the WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES), which underperformed the Russell 2000 Index by 7.77 percentage points.
WisdomTree also launched two innovative equity products in the past fiscal year. In July, WisdomTree introduced the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF), which gives investors exposure to eight equity markets in the Persian Gulf region. In December, WisdomTree launched the WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI), the industry’s first fundamentally weighted growth ETF. WisdomTree believes these funds give investors new ways to apply the fundamentally weighted concept across the full spectrum of equity investing, both domestically and internationally.
Though the challenging market environment has extended into 2009, the recent financial crisis has highlighted the potential benefits of ETFs. We believe that investors are placing ever more importance on the transparency, liquidity and tax efficiency that ETFs provide.
Thank you for your continued support.
Best regards,
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
This information is subject to change at any time based on market and other conditions and should not be construed as a recommendation of any specific security. Fund returns are quoted at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Past performance is no guarantee of future results.
The Russell 3000 Index measures the performance of the 3000 largest stocks in the U.S. market by market value. The MSCI Emerging Markets index is a market cap weighted index that is designed to measure equity market performance consisting of 25 emerging market country indexes. The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan. The Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index. You cannot directly invest in an index.
| WisdomTree International Dividend Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance
The 17 WisdomTree Trust international dividend ETFs give investors access to major market capitalization segments of the international equity markets and various regions of the world. The WisdomTree international ETFs are designed to offer investors alternatives to market capitalization-weighted index equity funds, by tracking its proprietary indexes that are weighted based on dividends companies pay or the earnings they generate.
International Market Overview
The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside of the U.S and Canada, declined 46.51% in the 12 months that ended March 31, 2009 (the “period”). Tight credit, a weakening global economy and earnings concerns within a tepid operating environment pushed stock prices lower across the developed and developing world. During the last global recession in 2001 and 2002, real Gross Domestic Product (“GDP”) growth for the Eurozone1 was close to zero but never declined. Illustrating the depth of the 2008-2009 global recession, real GDP growth in the Eurozone economies contracted year-over-year, as of March 2009.
International equity markets witnessed a more vicious decline than the U.S. markets. This difference in international and U.S. returns was driven largely by currency movements. The U.S. Dollar was the primary beneficiary of the flock to safe assets, as investors viewed the U.S. Dollar as a safe haven. This, in turn, caused currencies like the Euro, British Pound, and Australian Dollar to decline in value. Measured against the U.S. Dollar, the Euro fell 16%, the British Pound fell 28% and the Australian Dollar fell 24%. These currency movements magnified the declines of the local equities for the U.S. investor because currency gains or losses compound the returns of international equity investments. The only two currencies in the developed world to maintain their value were the Japanese Yen and Hong Kong Dollar. Whereas the Hong Kong Dollar is pegged to the U.S. Dollar, the Japanese Yen benefited from heightened risk aversion and emerged as a safe haven currency that investors flocked to as they exited riskier positions.
Summary of Fund Performance versus Capitalization-Weighted Benchmarks for Year ended March 31, 2009
| Ticker | WisdomTree Fund | 1 Year | Capitalization-Weighted Benchmark Index |
1 Year | 1 Year Fund vs Index | |||||
| DNL |
WT Japan Equity Income Fund | (26.84)% | MSCI Japan Value Index | (29.43)% | 2.59% | |||||
| DFJ |
WT Japan SmallCap Dividend Fund | (27.98)% | MSCI Japan SmallCap Index | (30.18)% | 2.20% | |||||
| DXJ |
WT Japan Total Dividend Fund | (32.36)% | MSCI Japan Index | (35.98)% | 3.62% | |||||
| DEM |
WT EM Equity Income Fund | (36.21)% | MSCI Emerging Markets Index | (47.07)% | 10.86% | |||||
| DGS |
WT EM SmallCap Dividend Fund | (40.81)% | MSCI Emerging Markets Small Cap Index | (49.99)% | 9.18% | |||||
| DND |
WT Pacific ex-Japan Total Div Fund | (42.77)% | MSCI Pacific ex-Japan Index | (44.35)% | 1.58% | |||||
| DNH |
WT Pacific ex-Japan Equity Income Fund | (44.42)% | MSCI Pacific ex-Japan Value Index | (44.71)% | 0.29% | |||||
| DOL |
WT Intl LargeCap Dividend Fund | (45.57)% | MSCI EAFE Index | (46.51)% | 0.94% | |||||
| DIM |
WT Intl MidCap Dividend Fund | (46.43)% | MSCI EAFE MidCap Index | (48.22)% | 1.79% | |||||
| DWM |
WT DEFA Fund | (46.61)% | MSCI EAFE Index | (46.51)% | (0.10)% | |||||
| DTH |
WT DEFA Equity Income Fund | (48.27)% | MSCI EAFE Value Index | (47.72)% | (0.55)% | |||||
| DEB |
WT Europe Total Dividend Fund | (48.70)% | MSCI Europe Index | (49.91)% | 1.21% | |||||
| DLS |
WT Intl SmallCap Dividend Fund | (49.23)% | MSCI EAFE SmallCap Index | (48.95)% | (0.28)% | |||||
| DOO |
WT Intl Dividend ex-Financials Fund† | (49.95)% | MSCI EAFE Value Index | (47.72)% | (2.23)% | |||||
| DEW |
WT Europe Equity Income Fund | (50.56)% | MSCI Europe Value Index | (53.47)% | 2.91% | |||||
| DFE |
WT Europe SmallCap Dividend Fund | (56.75)% | MSCI Europe SmallCap Index | (55.04)% | (1.71)% | |||||
| GULF |
WT Middle East Dividend Fund* | N/A | MSCI Arabian Markets ex-Saudi Arabia Index | (57.91)% | N/A |
| * | Information is not presented for the WisdomTree Middle East Dividend Fund as this Fund commenced operations on July 16, 2008 and therefore does not have a full reporting year’s worth of performance. |
| 2 | WisdomTree International Dividend Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
In all, 11 of WisdomTree’s 16 international funds outperformed their comparable market capitalization-weighted benchmarks for the period.
Fueled by gains in the Japanese Yen relative to the other international currencies, WisdomTree’s Japan Funds were the WisdomTree Trust’s best-performing international equity funds on an absolute return basis for the period. Conversely, two of WisdomTree’s three European funds were among the Trust’s worst absolute performing funds. This underperformance can be attributed to losses in the Euro and British Pound versus the U.S. Dollar. The Europe SmallCap Dividend Fund was the Trust’s worst performing fund, hurt both by the fall in the Euro, as well as greater exposure to the Consumer Discretionary sector. Due to the weak economy and from fears of losing jobs, consumers were hesitant to make large purchases and stocks for that sector under performed the broader markets.
The WisdomTree Emerging Markets Funds performed significantly better than their capitalization-weighted benchmarks for the period. Because of its fundamentally weighted methodology, the WisdomTree Funds had less exposure to the “BRIC” region (known as Brazil, Russia, India, and China), which experienced more significant declines than other markets. BRIC regions sold at higher valuation multiples at the beginning of the period and fell further during the bear market. The Funds had greater exposure to Taiwan and other countries that experienced less significant declines.
The Pacific ex-Japan Funds benefited from its significant exposure to the Australian markets and in particular Australian banks. Australian banks generally performed better than international banks from other countries. The largest Australian banks typically had less exposure to the sub-prime loans from the U.S. and other deteriorating assets that caused balance sheet write-downs at banks across the world. The Funds also benefited from the stability in the Hong Kong Dollar. The WisdomTree Europe Equity Income Fund, the WisdomTree DEFA Equity Income Fund, and the WisdomTree International Dividend Top 100 Fund are each focused on high dividend-yielding securities and therefore had significant exposure to the financial sector, which has historically paid above average dividends. However, the financial sector’s overall problems discussed above had a significant adverse impact on the performance of those Funds for the period.
The views expressed in this report reflect those of WisdomTree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information.
| 1 |
The Eurozone is a currency union of 16 European Union (EU) states which have adopted the Euro as their sole currency. |
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. 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 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.
The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan; 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 US & Canada; the MSCI EAFE Small Cap Index measures the performance of small cap stocks in the MSCI EAFE Index; the MSCI Europe Index is a subset of the MSCI EAFE Index and represents the performance of Western Europe, developed market equity performance; the MSCI Europe
| WisdomTree International Dividend Funds | 3 |
Table of Contents
Management’s Discussion of Funds’ Performance (concluded)
Small Cap Index measures the performance of small cap stocks in the MCSI Europe Index; the MSCI Europe Value Index measures the performance of value stocks the MSCI Europe Index; the MSCI Japan Index is a market cap-weighted index that measures the performance of the Japanese equity markets; the MSCI Japan Value Index measures the performance of value stocks in the MSCI Japan Index; the MSCI Japan Small Cap Index measures the performance of small cap stocks in the MSCI Japan Index; the MSCI Pacific ex-Japan Index is a subset of the MSCI EAFE Index and measures the performance of stocks in Australia, Hong Kong, Singapore, and New Zealand; the MSCI Pacific ex-Japan Value Index measures the performance of value stocks in the MSCI Pacific ex-Japan Index; 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 Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance; the MSCI EAFE Value Index (Europe, Australasia, Far East) is a free float-adjusted market capitalization index that is designed to measure the performance of “value” stocks within the developed market equity performance, excluding the US & Canada. Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
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.
| † | Formerly WisdomTree International Dividend Top 100 Fund. Data representative of former investment objective. |
| 4 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree DEFA Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. Money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
2.1% | |
| BP PLC |
2.1% | |
| Vodafone Group PLC |
1.8% | |
| France Telecom S.A. |
1.7% | |
| Sanofi-Aventis S.A. |
1.6% | |
| HSBC Holdings PLC |
1.5% | |
| Deutsche Telekom AG |
1.5% | |
| ENI SpA |
1.5% | |
| GlaxoSmithKline PLC |
1.4% | |
| Telefonica S.A. |
1.3% |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Dividend Index of Europe, Far East Asia and Australasia (DEFA) Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe. Far East Asia and Australasia Index (WisdomTree DEFA Index). Beginning on or about June 30, 2009, the WisdomTree DEFA Fund intends to begin operating as a “fund of funds”. Thereafter, the Fund will attempt to achieve its investment objective by investing primarily in other WisdomTree exchange traded funds (“ETFs”). Instead of investing in several hundred securities, the Fund will now invest in only a few WisdomTree ETFs that, in turn, seek to track subsets of the WisdomTree DEFA Index. The Fund currently intends to invest in the WisdomTree Europe Total Dividend, Japan Total Dividend and Pacific ex-Japan Total Dividend Funds. By investing in these ETFs the Fund will achieve exposure to the securities in the DEFA Index. This change is intended to increase the efficiency of the Fund’s operations and facilitate trading in Fund shares.
The WisdomTree DEFA Fund (Ticker Symbol: DWM) returned (46.61)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 20.97% of the Fund and returns of (46.40)% over the period. The Fund’s decline was least affected by New Zealand which returned (41.10)%, with an average weight of 0.40% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree DEFA Index |
MSCI EAFE Index | |||||||||
| One Year |
(46.61 | )% | (46.99 | )% | (46.03 | )% | (46.51 | )% | ||||
| Since Inception1 |
(12.67 | )% | (12.72 | )% | (12.08 | )% | (14.17 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The Investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree DEFA Equity Income Fund
(Formerly WisdomTree DEFA High-Yielding Equity Fund)
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
3.7% | |
| BP PLC |
3.6% | |
| France Telecom S.A. |
3.5% | |
| Vodafone Group PLC |
3.2% | |
| Sanofi-Aventis S.A. |
3.0% | |
| GlaxoSmithKline PLC |
2.8% | |
| HSBC Holdings PLC |
2.6% | |
| ENI SpA |
2.6% | |
| Deutsche Telekom AG |
2.4% | |
| Telefonica S.A. |
2.4% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree DEFA Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree DEFA Equity Income Index.
The WisdomTree DEFA Equity Income Fund (Ticker Symbol: DTH) returned (48.27)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 24.43% of the Fund and returns of (47.24)% over the period. The Fund’s decline was least affected by Austria which returned (59.99)%, with an average weight of 0.15% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree DEFA Equity Income Index |
MSCI EAFE Value Index |
|||||||||
| One Year |
(48.27 | )% | (48.43 | )% | (48.01 | )% | (47.72 | )% | ||||
| Since Inception1 |
(14.49 | )% | (14.65 | )% | (13.46 | )% | (15.96 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Total Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
2.9% | |
| BP PLC |
2.8% | |
| France Telecom S.A. |
2.7% | |
| Vodafone Group PLC |
2.5% | |
| Sanofi-Aventis S.A. |
2.3% | |
| GlaxoSmithKline PLC |
2.1% | |
| ENI SpA |
2.0% | |
| HSBC Holdings PLC |
2.0% | |
| Telefonica S.A. |
2.0% | |
| Deutsche Telekom AG |
1.9% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Europe Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Europe Dividend Index.
The WisdomTree Europe Total Dividend Fund (Ticker Symbol: DEB) returned (48.70)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 28.44% of the Fund and returns of (45.64)% over the period. The Fund’s decline was least affected by Portugal which returned (44.72)%, with an average weight of 0.84% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Europe Dividend Index |
MSCI Europe Index |
|||||||||
| One Year |
(48.70 | )% | (48.80 | )% | (48.70 | )% | (49.91 | )% | ||||
| Since Inception1 |
(14.17 | )% | (14.33 | )% | (13.45 | )% | (14.41 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe Equity Income Fund
(Formerly WisdomTree Europe High-Yielding Equity Fund)
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
6.4% | |
| France Telecom S.A. |
5.8% | |
| Vodafone Group PLC |
5.5% | |
| Sanofi-Aventis S.A. |
5.2% | |
| GlaxoSmithKline PLC |
4.7% | |
| HSBC Holdings PLC |
4.4% | |
| ENI SpA |
4.3% | |
| Deutsche Telekom AG |
4.2% | |
| BNP Paribas |
2.9% | |
| Banco Santander S.A. |
2.7% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Europe Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Europe Equity Income Index. Beginning on or after June 19, 2009, the WisdomTree Europe Equity Income Fund will change its investment objective and be renamed the WisdomTree Global Equity Income Fund. The Fund will become a “global” fund that invests in securities listed in the U.S., developed markets and emerging markets. The Fund will no longer focus its investments on European equity securities (though European securities will continue to be heavily represented in the Fund). The Fund’s investment objective will be to seek to track the price and yield performance, before fees and expenses, of the WisdomTree Global High-Yielding Equity Index. The Global High-Yielding Equity Index is a fundamentally weighted index that measures the performance of high dividend-yielding companies in the U.S., developed and emerging markets. In addition, beginning on or after June 19, 2009, the Fund will seek to achieve its investment objective by investing primarily in other WisdomTree exchange traded funds (“ETFs”). Instead of investing in several hundred securities, the Fund will now invest in only a few WisdomTree ETFs that, in turn, seek to track subsets of the WisdomTree Global High-Yielding Equity Index. The Fund intends to invest primarily in the WisdomTree Equity Income Fund, DEFA Equity Income Fund and Emerging Markets Equity Income Fund. By investing in these ETFs the Fund will achieve exposure to the securities in the Index. This change is intended to increase the efficiency of the Fund’s operations and facilitate trading in Fund shares.
The WisdomTree Europe Equity Income Fund (Ticker Symbol: DEW) returned (50.56)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 30.72% of the Fund and returns of (48.67)% over the period. The Fund’s decline was least affected by Austria which returned (24.86)%, with an average weight of 0.29% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Europe Equity Income Index |
MSCI Europe Value Index |
|||||||||
| One Year |
(50.56 | )% | (50.54 | )% | (50.35 | )% | (53.47 | )% | ||||
| Since Inception1 |
(16.43 | )% | (16.54 | )% | (15.89 | )% | (18.25 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Europe SmallCap Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Bellway PLC |
1.7% | |
| Electrocomponents PLC |
1.7% | |
| Debenhams PLC |
1.5% | |
| Uponor Oyj |
1.5% | |
| Close Brothers Group PLC |
1.5% | |
| Kungsleden AB |
1.4% | |
| Jardine Lloyd Thompson Group PLC |
1.3% | |
| Uralita SA |
1.3% | |
| Brit Insurance Holdings PLC |
1.2% | |
| Credito Artigiano SpA |
1.1% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Europe SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Europe SmallCap Dividend Index.
The WisdomTree Europe SmallCap Dividend Fund (Ticker Symbol: DFE) returned (56.75)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 39.24% of the Fund and returns of (52.96)% over the period. The Fund’s decline was least affected by Switzerland which returned (54.48)%, with an average weight of 0.87% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Europe SmallCap Dividend Index |
MSCI Europe SmallCap Index |
|||||||||
| One Year |
(56.75 | )% | (56.69 | )% | (56.61 | )% | (55.04 | )% | ||||
| Since Inception1 |
(19.76 | )% | (20.10 | )% | (19.85 | )% | (17.82 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Total Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Toyota Motor Corp. |
7.0% | |
| NTT DoCoMo, Inc. |
4.9% | |
| Nippon Telegraph & Telephone Corp. |
3.2% | |
| Honda Motor Co., Ltd. |
2.6% | |
| Takeda Pharmaceutical Co., Ltd. |
2.1% | |
| Tokyo Electric Power Co., Inc. (The) |
1.8% | |
| Canon, Inc. |
1.7% | |
| Mitsubishi UFJ Financial Group, Inc. |
1.6% | |
| Kansai Electric Power Co., Inc. (The) |
1.4% | |
| Panasonic Corp. |
1.1% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Japan Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Dividend Index.
The WisdomTree Japan Total Dividend Fund (Ticker Symbol: DXJ) returned (32.36)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Consumer Discretionary detracted the most from returns, with an average weight of 21.62% of the Fund and returns of (37.41)% over the period. The Fund’s decline was least affected by Energy which returned (2.48)%, with an average weight of 1.56% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Japan Dividend Index |
MSCI Japan Index | |||||||||
| One Year |
(32.36 | )% | (30.43 | )% | (33.08 | )% | (35.98 | )% | ||||
| Since Inception1 |
(13.92 | )% | (12.93 | )% | (14.15 | )% | (15.95 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 10 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan Equity Income Fund
(Formerly WisdomTree Japan High-Yielding Equity Fund)
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| NTT DoCoMo, Inc. |
10.6% | |
| Toyota Motor Corp. |
10.2% | |
| Honda Motor Co., Ltd. |
6.9% | |
| Takeda Pharmaceutical Co., Ltd. |
6.5% | |
| Tokyo Electric Power Co., Inc. (The) |
4.9% | |
| Kansai Electric Power Co., Inc. (The) |
3.4% | |
| Chubu Electric Power Co., Inc. |
2.6% | |
| Astellas Pharma, Inc. |
2.6% | |
| Daiichi Sankyo Co., Ltd. |
2.1% | |
| Eisai Co., Ltd. |
2.0% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Japan Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Equity Income Index. Beginning on or after June 19, 2009, the WisdomTree Japan Equity Income Fund will change its investment objective and be renamed the WisdomTree World ex-US Growth Fund. The Fund will change its investment objective so that it seeks to track the performance of the WisdomTree World ex-US Growth Index. This Index is a fundamentally weighted index that measures the performance of growth companies in the developed and emerging markets outside of the United States. The Index consists of dividend paying companies that pass WisdomTree’s market capitalization, liquidity, and other requirements. The change is not expected to generate any significant tax consequences for Fund investors. The Fund’s expense ratio will not change. The Fund will invest in developed and emerging market securities. Emerging market securities are subject to additional risks not associated with investing in U.S. securities or securities from more developed markets. These risks include greater price volatility, lower trading volume and liquidity and greater social, political and economic uncertainty.
The WisdomTree Japan Equity Income Fund (Ticker Symbol: DNL) returned (26.84)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Consumer Discretionary detracted the most from returns, with an average weight of 26.09% of the Fund and returns of (33.05)% over the period. The Fund’s decline was least affected by Consumer Staples which returned (10.15)%, with an average weight of 2.54% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Japan Equity Income Index |
MSCI Japan Value Index |
|||||||||
| One Year |
(26.84 | )% | (25.48 | )% | (26.77 | )% | (29.43 | )% | ||||
| Since Inception1 |
(10.16 | )% | (9.35 | )% | (9.92 | )% | (11.56 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Japan SmallCap Dividend Fund
Sector Breakdown† as of 3/31/09‡
| † | The Fund’s sector breakdown is expressed as a percentage of total investments and may change over time. |
| ‡ | A sector may be comprised of several industries. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Heiwa Corp. |
0.9% | |
| Matsui Securities Co., Ltd. |
0.9% | |
| Park24 Co., Ltd. |
0.7% | |
| Sangetsu Co., Ltd. |
0.7% | |
| Pacific Metals Co., Ltd. |
0.6% | |
| Nipro Corp. |
0.6% | |
| Ryosan Co., Ltd. |
0.6% | |
| QP Corp. |
0.6% | |
| Nippon Kayaku Co., Ltd. |
0.6% | |
| Saibu Gas 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. |
The WisdomTree Japan SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan SmallCap Dividend Index.
The WisdomTree Japan SmallCap Dividend Fund (Ticker Symbol: DFJ) returned (27.98)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Industrials detracted the most from returns, with an average weight of 24.01% of the Fund and returns of (29.25)% over the period. The Fund benefitted most by Utilities which returned 11.86%, but only comprised on average 0.56% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Japan SmallCapDividend Index |
MSCI Japan SmallCap Index |
|||||||||
| One Year |
(27.98 | )% | (27.18 | )% | (28.38 | )% | (30.18 | )% | ||||
| Since Inception1 |
(14.87 | )% | (14.01 | )% | (14.77 | )% | (17.23 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The Investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 12 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Pacific ex-Japan Total Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| China Mobile Ltd. |
6.9% | |
| Westpac Banking Corp. |
6.9% | |
| Commonwealth Bank of Australia |
6.4% | |
| National Australia Bank Ltd. |
5.1% | |
| Australia & New Zealand Banking Group Ltd. |
4.6% | |
| Telstra Corp., Ltd. |
4.6% | |
| Singapore Telecommunications Ltd. |
3.3% | |
| BHP Billiton Ltd. |
3.2% | |
| CNOOC Ltd. |
2.2% | |
| Woolworths Ltd. |
2.2% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Pacific ex-Japan Total Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Pacific ex-Japan Dividend Index.
The WisdomTree Pacific ex-Japan Total Dividend Fund (Ticker Symbol: DND) returned (42.77)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, Please see below). Australia detracted the most from returns, with an average weight of 59.83% of the Fund and returns of (43.21)% over the period. The Fund’s decline was least affected by New Zealand which returned (42.39)%, with an average weight of 2.83% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Pacific ex-Japan Dividend Index |
MSCI Pacific ex-Japan Index |
|||||||||
| One Year |
(42.77 | )% | (42.67 | )% | (42.44 | )% | (44.35 | )% | ||||
| Since Inception1 |
(5.04 | )% | (4.80 | )% | (4.10 | )% | (8.07 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an Investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Pacific ex-Japan Equity Income Fund
(Formerly WisdomTree Pacific ex-Japan High-Yielding Equity Fund)
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Westpac Banking Corp. |
8.8% | |
| Commonwealth Bank of Australia |
7.7% | |
| Australia & New Zealand Banking Group Ltd. |
7.4% | |
| National Australia Bank Ltd. |
7.3% | |
| Telstra Corp. Ltd. |
7.2% | |
| Wesfarmers Ltd. |
3.2% | |
| AMP Ltd. |
3.0% | |
| Insurance Australia Group Ltd. |
2.9% | |
| Macquarie Group Ltd. |
2.9% | |
| Foster’s Group Ltd. |
2.6% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Pacific ex-Japan Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Pacific ex-Japan Equity Income Index.
The WisdomTree Pacific ex-Japan Equity Income Fund (Ticker Symbol: DNH) returned (44.42)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Australia detracted the most from returns, with an average weight of 88.93% of the Fund and returns of (44.93)% over the period. The Fund’s decline was least affected by Hong Kong which returned (25.60)%, with an average weight of 2.81% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Pacific ex-Japan Equity Income Index |
MSCI Pacific ex-Japan Value Index |
|||||||||
| One Year |
(44.42 | )% | (44.67 | )% | (44.26 | )% | (44.71 | )% | ||||
| Since Inception1 |
(9.29 | )% | (9.25 | )% | (8.74 | )% | (10.79 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 14 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International LargeCap Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
2.8% | |
| BP PLC |
2.7% | |
| France Telecom S.A. |
2.6% | |
| Vodafone Group PLC |
2.4% | |
| Sanofi-Aventis S.A. |
2.2% | |
| GlaxoSmithKline PLC |
2.0% | |
| ENI SpA |
1.9% | |
| HSBC Holdings PLC |
1.9% | |
| Deutsche Telekom AG |
1.9% | |
| Telefonica S.A. |
1.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International LargeCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International LargeCap Dividend Index.
The WisdomTree International LargeCap Dividend Fund (Ticker Symbol: DOL) returned (45.57)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 22.55% of the Fund and returns of (44.63)% over the period. The Fund’s decline was least affected by Portugal which returned (38.26)%, with an average weight of 0.17% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.48%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International LargeCap Dividend Index |
MSCI EAFE Index | |||||||||
| One Year |
(45.57 | )% | (45.27 | )% | (45.88 | )% | (46.51 | )% | ||||
| Since Inception1 |
(12.34 | )% | (12.36 | )% | (11.95 | )% | (14.17 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 15 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Dividend ex-Financials Fund
(Formerly WisdomTree International Dividend Top 100 Fund)
Country Breakdown † as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Westpac Banking Corp. |
4.3% | |
| France Telecom S.A. |
2.7% | |
| Deutsche Telekom AG |
2.3% | |
| Commonwealth Bank of Australia |
2.2% | |
| Australia & New Zealand Banking Group Ltd. |
2.2% | |
| Banca Monte dei Paschi di Siena SpA |
2.1% | |
| Belgacom S.A. |
2.1% | |
| Sanofi-Aventis S.A. |
2.0% | |
| Snam Rete Gas SpA |
2.0% | |
| National Australia Bank Ltd. |
1.9% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Dividend ex-Financials Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. Effective May 7, 2009, the WisdomTree International Dividend Top 100 Fund changed its investment objective and was renamed to the WisdomTree International Dividend ex-Financials Fund. The renamed Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector. The information presented on this page and throughout this financial report is reflective of the WisdomTree International Dividend Top 100 Fund.
The WisdomTree International Dividend ex-Financials Fund (Ticker Symbol: DOO) returned (49.95)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). France detracted the most from returns, with an average weight of 17.87% of the Fund and returns of (52.09)% over the period. The Fund benefitted most by Portugal which returned 3.23%, but only comprised on average 0.26% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Dividend ex-Financials Index |
MSCI EAFE Value Index |
|||||||||
| One Year |
(49.95 | )% | (50.05 | )% | (50.07 | )% | (47.72 | )% | ||||
| Since Inception1 |
(13.71 | )% | (14.06 | )% | (13.33 | )% | (15.96 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 16 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International MidCap Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Portugal Telecom, SGPS, S.A. |
1.0% | |
| Telecom Italia SpA RSP |
0.9% | |
| Mediaset SpA |
0.9% | |
| Insurance Australia Group Ltd. |
0.9% | |
| Foster’s Group Ltd. |
0.9% | |
| Marks & Spencer Group PLC |
0.8% | |
| Kingfisher PLC |
0.7% | |
| Deutsche Lufthansa AG |
0.7% | |
| Telecom Corp. of New Zealand Ltd. |
0.7% | |
| Ciba Holding AG |
0.7% |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International MidCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International MidCap Dividend Index.
The WisdomTree International MidCap Dividend Fund (Ticker Symbol: DIM) returned (46.43)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 15.14% of the Fund and returns of (48.07)% over the period. The Fund’s decline was least affected by Norway which returned (58.24)%, with an average weight of 0.66% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International MidCap Dividend Index |
MSCI EAFE MidCap Index |
|||||||||
| One Year |
(46.43 | )% | (46.20 | )% | (47.30 | )% | (48.22 | )% | ||||
| Since Inception1 |
(12.33 | )% | (12.43 | )% | (12.56 | )% | (15.62 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 17 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International SmallCap Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Nexity |
0.8% | |
| Vector Ltd. |
0.7% | |
| Provident Financial PLC |
0.7% | |
| Sky City Entertainment Group Ltd. |
0.6% | |
| Orion Oyj Class B |
0.6% | |
| Jardine Lloyd Thompson Group PLC |
0.6% | |
| Electrocomponents PLC |
0.6% | |
| Goodman Fielder Ltd. |
0.6% | |
| Bellway PLC |
0.5% | |
| David Jones 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. |
The WisdomTree International SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International SmallCap Dividend Index.
The WisdomTree International SmallCap Dividend Fund (Ticker Symbol: DLS) returned (49.23)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 17.34% of the Fund and returns of (51.75)% over the period. The Fund’s decline was least affected by Switzerland which returned (56.46)%, with an average weight of 0.39% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International SmallCap Dividend Index |
MSCI EAFE SmallCap Index |
|||||||||
| One Year |
(49.23 | )% | (49.24 | )% | (48.96 | )% | (48.95 | )% | ||||
| Since Inception1 |
(15.12 | )% | (15.09 | )% | (15.14 | )% | (17.32 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on June 16, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 18 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets Equity Income Fund
(Formerly WisdomTree Emerging Markets High-Yielding Equity Fund)
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Taiwan Semiconductor Manufacturing Co., Ltd. |
6.0% | |
| Chunghwa Telecom Co., Ltd. |
2.9% | |
| Formosa Petrochemical Corp. |
2.9% | |
| Telefonica O2 Czech Republic AS |
2.0% | |
| CPFL Energia S.A. |
2.0% | |
| Nan Ya Plastics Corp. |
1.9% | |
| FirstRand Ltd. |
1.7% | |
| Telekomunikacja Polska S.A. |
1.6% | |
| Telekom Malaysia Bhd |
1.6% | |
| Advance Info. Service PLC |
1.5% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Emerging Markets Equity Income Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets Equity Income Index.
The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) returned (36.21)% for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Taiwan detracted the most from returns, with an average weight of 28.56% of the Fund and returns of (37.07)% over the period. The Fund’s decline was least affected by Hong Kong which returned (29.49)%, with an average weight of 1.46% of the Fund.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 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 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 are 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. The annual expense ratio of the Fund is 0.63%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Emerging Markets Equity Income Index |
MSCI Emerging Markets Index |
|||||||||
| One Year |
(36.21 | )% | (35.92 | )% | (36.16 | )% | (47.07 | )% | ||||
| Since Inception1 |
(21.59 | )% | (22.38 | )% | (21.31 | )% | (31.97 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on July 13, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 19 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Emerging Markets SmallCap Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Growthpoint Properties Ltd. |
1.6% | |
| Berjaya Sports Toto Bhd |
1.3% | |
| Gamuda Bhd |
1.1% | |
| Grupo Continental SAB de C.V. |
1.1% | |
| Malaysian Bulk Carriers Bhd |
1.0% | |
| Foschini Ltd. |
1.0% | |
| Wan Hai Lines Ltd. |
0.9% | |
| Truworths International Ltd. |
0.9% | |
| Ratchaburi Electricity Generating Holding PCL |
0.9% | |
| Quinenco SA |
0.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Emerging Markets SmallCap Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets SmallCap Dividend Index.
The WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) returned (40.81)% for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Taiwan detracted the most from returns, with an average weight of 28.14% of the Fund and returns of (45.02)% over the period. The Fund’s decline was least affected by Indonesia which returned (40.55)%, with an average weight of 1.45% of the Fund.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 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 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 are 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. The annual expense ratio of the Fund is 0.63%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Emerging Markets SmallCap Dividend Index |
MSCI Emerging Markets SmallCap Index |
|||||||||
| One Year |
(40.81 | )% | (41.50 | )% | (41.53 | )% | (49.99 | )% | ||||
| Since Inception1 |
(38.15 | )% | (38.18 | )% | (38.26 | )% | (47.64 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 30, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 20 | WisdomTree International Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Middle East Dividend Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Maroc Telecom |
13.6% | |
| Telecom Egypt |
4.1% | |
| Egyptian Co. For Mobile Services |
3.9% | |
| National Bank of Kuwait |
3.7% | |
| Commercial Bank of Kuwait |
3.2% | |
| Emirates Nbd PJSC |
3.2% | |
| Bahrain Telecom Co. |
3.1% | |
| Jordan Telecom |
3.0% | |
| Arab Bank |
3.0% | |
| Qatar National Bank S.A.Q |
2.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Middle East Dividend Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Middle East Dividend Index.
The WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF) returned (50.67)% from its inception on July 16, 2008 through March 31, 2009 (for more complete performance information, please see below). United Arab Emirates detracted the most from returns, with an average weight of 14.68% of the Fund and returns of (70.14)% over the period. The Fund’s decline was least affected by Jordan which returned (32.33)%, with an average weight of 8.77% of the Fund.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 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 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 are 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. The annual expense ratio of the Fund is 0.88%.
Performance as of 3/31/09
| Cumulative Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree Middle East Dividend Index |
MSCI Arabian Markets ex-Saudia Arabia Index |
|||||||||
| One Year |
N/A | N/A | N/A | (57.91 | )% | |||||||
| Since Inception1 |
(50.67 | )% | (50.94 | )% | (50.09 | )% | (57.24 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE Arca on July 16, 2008. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Funds | 21 |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2008 to March 31, 2009 for all Funds.
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 Period 10/01/08 to 3/31/09” 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.
| 22 | WisdomTree International Dividend Funds |
Table of Contents
Shareholder Expense Examples (unaudited) (continued)
| Beginning Account Value 10/01/08 |
Ending Account Value 3/31/09 |
Annualized Expense Ratio Based on the Period 10/01/08 to 3/31/09 |
Expenses Paid During the Period† 10/01/08 to 3/31/09 | |||||||||
| WisdomTree DEFA Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 685.04 | 0.48 | % | $ | 2.03 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||
| WisdomTree DEFA Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 655.68 | 0.58 | % | $ | 2.41 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Europe Total Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 664.30 | 0.48 | % | $ | 2.01 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||
| WisdomTree Europe Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 623.51 | 0.58 | % | $ | 2.37 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Europe SmallCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 637.45 | 0.58 | % | $ | 2.39 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Japan Total Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 791.85 | 0.48 | % | $ | 2.16 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||
| WisdomTree Japan Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 816.30 | 0.58 | % | $ | 2.65 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Japan SmallCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 860.26 | 0.58 | % | $ | 2.71 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Pacific ex-Japan Total Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 724.77 | 0.48 | % | $ | 2.08 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||
| WisdomTree Pacific ex-Japan Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 702.95 | 0.58 | % | $ | 2.48 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree International LargeCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 681.77 | 0.48 | % | $ | 2.03 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.52 | 0.48 | % | $ | 2.44 | ||||
| WisdomTree International Dividend ex-Financials Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 643.30 | 0.58 | % | $ | 2.39 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree International MidCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 703.20 | 0.58 | % | $ | 2.48 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree International SmallCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 721.87 | 0.58 | % | $ | 2.51 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| WisdomTree Emerging Markets Equity Income Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 771.60 | 0.63 | % | $ | 2.80 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.77 | 0.63 | % | $ | 3.20 | ||||
| WisdomTree International Dividend Funds | 23 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/08 |
Ending Account Value 3/31/09 |
Annualized Expense Ratio Based on the Period 10/01/08 to 3/31/09 |
Expenses Paid During the Period† 10/01/08 to 3/31/09 | |||||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 816.75 | 0.63 | % | $ | 2.87 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,021.77 | 0.63 | % | $ | 3.20 | ||||
| WisdomTree Middle East Dividend Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 600.79 | 0.88 | % | $ | 3.53 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,020.52 | 0.88 | % | $ | 4.46 | ||||
| † | Expenses are calculating using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period). |
| 24 | WisdomTree International Dividend Funds |
Table of Contents
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.1% | |||||
| Australia – 9.4% | |||||
| A.B.C Learning Centres Ltd.† |
240,663 | $ | 90,295 | ||
| AGL Energy Ltd. |
15,917 | 165,445 | |||
| Amcor Ltd. |
101,116 | 312,636 | |||
| AMP Ltd. |
167,358 | 546,518 | |||
| Aristocrat Leisure Ltd. |
49,302 | 116,810 | |||
| ASX Ltd. |
21,033 | 428,913 | |||
| Austbrokers Holdings Ltd. |
38,757 | 95,596 | |||
| Australia & New Zealand Banking Group Ltd. |
181,601 | 1,987,278 | |||
| AXA Asia Pacific Holdings Ltd. |
99,730 | 235,594 | |||
| Bendigo and Adelaide Bank Ltd. |
16,713 | 95,104 | |||
| BHP Billiton Ltd. |
91,226 | 2,022,578 | |||
| Billabong International Ltd. |
46,582 | 275,104 | |||
| BlueScope Steel Ltd. |
82,174 | 146,733 | |||
| Boom Logistics Ltd. |
100,137 | 31,657 | |||
| Boral Ltd. |
62,632 | 157,095 | |||
| Brambles Ltd. |
42,391 | 141,376 | |||
| Breville Group Ltd. |
29,578 | 12,639 | |||
| Challenger Financial Services Group Ltd. |
56,260 | 57,071 | |||
| Coca-Cola Amatil Ltd. |
91,934 | 553,803 | |||
| Commonwealth Bank of Australia |
117,402 | 2,832,958 | |||
| Computershare Ltd. |
62,460 | 381,027 | |||
| CSL Ltd. |
35,457 | 800,408 | |||
| CSR Ltd. |
206,281 | 171,989 | |||
| David Jones Ltd. |
41,193 | 80,138 | |||
| Energy Developments Ltd. |
76,673 | 67,656 | |||
| Envestra Ltd.(a) |
63,964 | 15,555 | |||
| Fairfax Media Ltd. |
172,480 | 121,637 | |||
| Foster’s Group Ltd. |
136,735 | 480,718 | |||
| Goodman Fielder Ltd. |
105,725 | 76,763 | |||
| Harvey Norman Holdings Ltd. |
166,297 | 296,946 | |||
| Hastings Diversified Utilities Fund(a) |
11,940 | 5,102 | |||
| Insurance Australia Group Ltd. |
152,724 | 371,394 | |||
| Leighton Holdings Ltd. |
19,178 | 257,170 | |||
| Lend Lease Corp., Ltd. |
46,700 | 210,582 | |||
| Lion Nathan Ltd. |
85,054 | 477,492 | |||
| Macquarie Group Ltd. |
23,001 | 432,289 | |||
| Minara Resources Ltd.* |
69,131 | 19,213 | |||
| Mitchell Communications Group Ltd. |
218,973 | 71,507 | |||
| Mortgage Choice Ltd. |
277,862 | 158,308 | |||
| National Australia Bank Ltd. |
160,503 | 2,241,501 | |||
| Newcrest Mining Ltd. |
9,750 | 221,723 | |||
| Orica Ltd. |
30,117 | 309,485 | |||
| Origin Energy Ltd. |
25,522 | 262,444 | |||
| OZ Minerals Ltd. |
1,097 | 423 | |||
| Perpetual Ltd. |
9,794 | 183,323 | |||
| Photon Group Ltd. |
48,647 | 32,786 | |||
| Qantas Airways Ltd. |
226,111 | 274,143 | |||
| QBE Insurance Group Ltd. |
53,702 | 719,005 | |||
| Regional Express Holdings Ltd. |
172,110 | 101,645 | |||
| Reverse Corp., Ltd. |
37,998 | 19,537 | |||
| Rio Tinto Ltd. |
11,360 | 446,503 | |||
| Santos Ltd. |
23,633 | 276,680 | |||
| Investments | Shares | U.S. $ Value | |||
| Sigma Pharmaceuticals Ltd. |
273,572 | $ | 201,482 | ||
| Sonic Healthcare Ltd. |
47,096 | 362,236 | |||
| Suncorp-Metway Ltd. |
80,258 | 334,579 | |||
| TABCORP Holdings Ltd. |
53,199 | 240,257 | |||
| Tatts Group Ltd. |
57,562 | 110,784 | |||
| Telstra Corp., Ltd. |
916,473 | 2,044,017 | |||
| Toll Holdings Ltd. |
46,666 | 202,647 | |||
| Wesfarmers Ltd. |
39,547 | 517,946 | |||
| Wesfarmers Ltd. PPS* |
5,740 | 75,775 | |||
| West Australian Newspapers Holdings Ltd. |
7,027 | 21,629 | |||
| Westpac Banking Corp. |
228,176 | 3,026,465 | |||
| Woodside Petroleum Ltd. |
16,533 | 437,660 | |||
| Woolworths Ltd. |
51,501 | 894,930 | |||
| Total Australia | 28,360,702 | ||||
| Austria – 0.4% | |||||
| Andritz AG* |
4,789 | 147,260 | |||
| BWT AG* |
6,726 | 132,166 | |||
| Erste Group Bank AG* |
4,588 | 77,667 | |||
| Flughafen Wien AG* |
2,204 | 64,407 | |||
| OMV AG* |
9,810 | 328,223 | |||
| POLYTEC Holding AG* |
6,346 | 11,627 | |||
| Telekom Austria AG* |
21,999 | 332,972 | |||
| voestalpine AG* |
7,853 | 102,700 | |||
| Zumtobel AG* |
4,087 | 29,573 | |||
| Total Austria | 1,226,595 | ||||
| Belgium – 1.3% | |||||
| Anheuser-Busch InBev N.V.* |
49,366 | 1,359,695 | |||
| Bekaert S.A.* |
1,245 | 83,955 | |||
| Belgacom S.A.* |
21,674 | 679,127 | |||
| Cofinimmo* |
1,473 | 156,945 | |||
| Colruyt S.A.* |
627 | 143,751 | |||
| Compagnie Maritime Belge S.A.* |
6,720 | 146,948 | |||
| Delhaize Group* |
2,661 | 172,446 | |||
| Euronav N.V.* |
4,689 | 68,979 | |||
| Mobistar S.A.* |
3,690 | 232,958 | |||
| Omega Pharma S.A.* |
2,235 | 49,155 | |||
| Solvay S.A.* |
3,270 | 229,018 | |||
| UCB S.A.* |
24,556 | 723,461 | |||
| Total Belgium | 4,046,438 | ||||
| Cayman Islands – 0.0% | |||||
| Hopewell Highway Infrastructure Ltd. |
3,300 | 1,861 | |||
| Denmark – 0.4% | |||||
| A/S Dampskibsselskabet Torm* |
8,379 | 63,927 | |||
| Dalhoff Larsen & Horneman A/S Class B* |
9,523 | 23,426 | |||
| Danisco A/S* |
2,918 | 87,256 | |||
| H. Lundbeck A/S* |
18,279 | 311,175 | |||
| Novo Nordisk A/S Class B* |
14,802 | 708,457 | |||
| Total Denmark | 1,194,241 | ||||
| Finland – 1.5% | |||||
| Elisa Oyj* |
2,840 | 41,440 | |||
| Fortum Oyj* |
37,875 | 721,613 | |||
| KCI Konecranes Oyj* |
5,667 | 94,803 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Kemira Oyj* |
15,770 | $ | 101,130 | ||
| Kesko Oyj Class B* |
4,379 | 90,873 | |||
| Metso Oyj* |
3,789 | 44,773 | |||
| Nokia Oyj* |
140,002 | 1,650,621 | |||
| Nokian Renkaat Oyj* |
7,569 | 88,836 | |||
| Outokumpu Oyj* |
12,681 | 137,386 | |||
| PKC Group Oyj* |
11,908 | 42,688 | |||
| Rautaruukki Oyj* |
11,321 | 181,273 | |||
| Sampo Oyj Class A* |
30,237 | 446,420 | |||
| Sanoma Oyj* |
9,837 | 125,643 | |||
| Stora Enso Oyj Class R* |
51,803 | 183,639 | |||
| UPM-Kymmene Oyj* |
42,205 | 243,755 | |||
| Uponor Oyj* |
12,584 | 117,456 | |||
| Wartsila Oyj* |
3,789 | 79,937 | |||
| Total Finland | 4,392,286 | ||||
| France – 16.4% | |||||
| ABC Arbitrage* |
25,797 | 209,272 | |||
| Accor S.A.* |
13,860 | 482,407 | |||
| Aeroports de Paris* |
3,133 | 166,387 | |||
| Air France-KLM* |
14,586 | 129,751 | |||
| Air Liquide S.A.* |
11,572 | 940,977 | |||
| Assystem* |
28,962 | 203,800 | |||
| AXA S.A.* |
209,476 | 2,516,998 | |||
| BNP Paribas* |
65,242 | 2,695,671 | |||
| Bouygues S.A.* |
14,943 | 534,088 | |||
| Carrefour S.A.* |
27,533 | 1,074,734 | |||
| Casino Guichard Perrachon S.A.* |
10,157 | 661,057 | |||
| Christian Dior S.A.* |
8,215 | 450,189 | |||
| Cie de Saint-Gobain* |
22,209 | 622,763 | |||
| CNP Assurances* |
8,214 | 518,022 | |||
| Compagnie Generale des Etablissements Michelin Class B* |
9,238 | 342,570 | |||
| Credit Agricole S.A.* |
203,106 | 2,241,446 | |||
| Electricite de France* |
54,658 | 2,143,339 | |||
| Euler Hermes S.A.* |
8,461 | 279,157 | |||
| Fimalac* |
2,504 | 85,125 | |||
| Fonciere Des Regions* |
1,880 | 88,249 | |||
| France Telecom S.A.* |
227,962 | 5,190,709 | |||
| Gaz de France Suez* |
72,437 | 2,486,114 | |||
| GFI Informatique* |
24,449 | 73,686 | |||
| Groupe Danone* |
16,885 | 821,852 | |||
| Groupe Steria SCA* |
3,833 | 54,122 | |||
| Haulotte Group* |
5,669 | 23,785 | |||
| Hermes International* |
7,181 | 834,816 | |||
| Imerys S.A.* |
5,714 | 209,046 | |||
| IMS-Intl Metal Service* |
5,513 | 75,758 | |||
| LaCie S.A.* |
24,251 | 60,854 | |||
| Lafarge S.A.* |
7,650 | 344,218 | |||
| Lagardere SCA* |
10,234 | 287,176 | |||
| Legrand S.A.* |
17,477 | 303,627 | |||
| L’Oreal S.A.* |
16,681 | 1,147,234 | |||
| LVMH Moet Hennessy Louis Vuitton S.A.* |
12,381 | 777,365 | |||
| Manitou BF S.A.* |
9,620 | 61,947 | |||
| Neopost S.A.* |
3,619 | 280,633 | |||
| Investments | Shares | U.S. $ Value | |||
| Nexity |
12,814 | $ | 273,912 | ||
| NRJ Group* |
30,727 | 180,319 | |||
| PagesJaunes Groupe |
40,115 | 339,111 | |||
| Peugeot S.A.* |
10,056 | 190,123 | |||
| PPR* |
6,720 | 430,761 | |||
| Sanofi-Aventis S.A.* |
85,024 | 4,784,125 | |||
| Schneider Electric S.A.* |
11,740 | 781,075 | |||
| SCOR SE* |
20,823 | 428,386 | |||
| Societe BIC S.A.* |
10,067 | 494,474 | |||
| Societe Des Autoroutes Paris-Rhin-Rhone* |
14,951 | 952,623 | |||
| Societe Fonciere Financiere et de Participations FFP |
2,345 | 85,838 | |||
| Societe Generale* |
23,566 | 923,013 | |||
| Societe Television Francaise 1* |
23,396 | 183,302 | |||
| Technip S.A.* |
10,092 | 356,551 | |||
| TOTAL S.A.* |
128,813 | 6,400,613 | |||
| Trigano S.A.* |
3,134 | 22,137 | |||
| Vallourec S.A.* |
1,925 | 178,422 | |||
| Veolia Environnement* |
14,599 | 304,702 | |||
| Vinci S.A. |
20,990 | 779,062 | |||
| Vivendi* |
71,277 | 1,885,592 | |||
| Wendel* |
1,453 | 38,390 | |||
| Zodiac * |
7,214 | 182,845 | |||
| Total France | 49,614,320 | ||||
| Germany – 8.1% | |||||
| Allianz SE* |
29,052 | 2,440,087 | |||
| BASF SE* |
41,239 | 1,247,822 | |||
| Bayer AG* |
26,622 | 1,272,457 | |||
| Bayerische Motoren Werke AG* |
11,804 | 341,497 | |||
| Beate Uhse AG* |
91,232 | 72,677 | |||
| Beiersdorf AG* |
8,484 | 380,618 | |||
| Comdirect Bank AG* |
11,374 | 83,057 | |||
| Daimler AG* |
67,254 | 1,703,713 | |||
| Deutsche Bank AG* |
46,112 | 1,855,054 | |||
| Deutsche Boerse AG* |
6,234 | 375,605 | |||
| Deutsche Lufthansa AG* |
33,067 | 358,688 | |||
| Deutsche Post AG* |
52,412 | 564,354 | |||
| Deutsche Telekom AG* |
371,359 | 4,610,050 | |||
| E.ON AG* |
77,508 | 2,151,794 | |||
| Fraport AG Frankfurt Airport Services Worldwide* |
6,043 | 194,404 | |||
| Fresenius Medical Care AG & Co. KGaA* |
10,678 | 414,824 | |||
| Generali Deutschland Holding AG* |
2,778 | 210,236 | |||
| GFK AG* |
2,292 | 54,167 | |||
| Heidelberger Druckmaschinen AG* |
16,267 | 78,616 | |||
| IDS Scheer AG* |
5,949 | 54,973 | |||
| Indus Holding AG* |
5,587 | 64,610 | |||
| MAN AG* |
5,971 | 260,029 | |||
| Merck KGaA* |
4,272 | 377,524 | |||
| Muenchener Rueckversicherungs AG* |
8,601 | 1,048,315 | |||
| RWE AG* |
18,670 | 1,309,063 | |||
| Salzgitter AG* |
2,736 | 152,859 | |||
| SAP AG* |
10,022 | 355,010 | |||
| Siemens AG* |
22,683 | 1,295,299 | |||
| ThyssenKrupp AG* |
17,956 | 313,975 | |||
See Notes to Financial Statements.
| 26 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Vivacon AG* |
17,997 | $ | 50,179 | ||
| Volkswagen AG* |
2,786 | 855,572 | |||
| Wacker Chemie AG* |
1,019 | 84,599 | |||
| Total Germany | 24,631,727 | ||||
| Hong Kong – 3.4% | |||||
| Bank of East Asia Ltd. |
92,202 | 177,979 | |||
| Cheung Kong Holdings Ltd. |
76,969 | 662,926 | |||
| China Merchants Holdings International Co., Ltd. |
35,046 | 80,674 | |||
| China Mobile Ltd. |
400,624 | 3,489,306 | |||
| China Overseas Land & Investment Ltd. |
95,075 | 149,176 | |||
| China Resources Enterprise |
30,016 | 46,476 | |||
| China Travel International Investment Hong Kong Ltd. |
518,067 | 91,581 | |||
| China Unicom Hong Kong Ltd. |
377,601 | 403,424 | |||
| CLP Holdings Ltd. |
68,000 | 467,226 | |||
| CNOOC Ltd. |
964,157 | 955,448 | |||
| Denway Motors Ltd. |
142,056 | 54,989 | |||
| Hang Seng Bank Ltd. |
115,206 | 1,160,236 | |||
| Hong Kong Exchanges and Clearing Ltd. |
39,700 | 374,973 | |||
| HongKong Electric Holdings |
51,000 | 302,710 | |||
| Hopewell Holdings Ltd. |
33,008 | 86,673 | |||
| MTR Corp. |
150,034 | 360,856 | |||
| New World Development Ltd. |
110,954 | 110,668 | |||
| Shanghai Industrial Holdings Ltd. |
75,008 | 207,603 | |||
| Shougang Concord International Enterprises Co., Ltd. |
1,208,000 | 124,697 | |||
| Sino Land Co. |
65,969 | 65,969 | |||
| Sun Hung Kai Properties Ltd. |
66,415 | 594,735 | |||
| Television Broadcasts Ltd. |
33,009 | 105,416 | |||
| Wharf Holdings Ltd. |
77,969 | 193,564 | |||
| Wing Hang Bank Ltd. |
15,506 | 74,329 | |||
| Total Hong Kong | 10,341,634 | ||||
| Ireland – 0.2% | |||||
| CRH PLC |
16,606 | 357,571 | |||
| DCC PLC |
7,059 | 106,844 | |||
| FBD Holdings PLC |
9,445 | 75,366 | |||
| FBD Holdings PLC Redemption Shares† |
7,177 | 95 | |||
| Glanbia PLC |
13,082 | 35,954 | |||
| Kerry Group PLC Class A |
927 | 18,769 | |||
| Total Ireland | 594,599 | ||||
| Italy – 5.6% | |||||
| A2A SpA* |
190,945 | 289,771 | |||
| AcegasAps SpA* |
14,830 | 84,765 | |||
| Actelios SpA* |
6,734 | 28,253 | |||
| Alleanza Assicurazioni SpA* |
63,614 | 358,534 | |||
| Assicurazioni Generali SpA* |
35,580 | 609,391 | |||
| Atlantia SpA* |
15,020 | 226,941 | |||
| Banca Carige SpA* |
95,569 | 313,411 | |||
| Banca Monte dei Paschi di Siena SpA* |
641,183 | 887,053 | |||
| Banca Popolare dell’Etruria e del Lazio* |
28,840 | 134,018 | |||
| Banca Popolare di Milano S.c.r.l.* |
36,630 | 182,376 | |||
| Cairo Communication SpA* |
55,049 | 141,061 | |||
| Cofide SpA* |
48,175 | 22,259 | |||
| Investments | Shares | U.S. $ Value | |||
| Credito Emiliano SpA* |
28,932 | $ | 119,080 | ||
| Enel SpA* |
515,445 | 2,472,238 | |||
| ENI SpA* |
232,385 | 4,510,820 | |||
| Esprinet SpA* |
11,199 | 67,282 | |||
| Finmeccanica SpA* |
20,172 | 250,951 | |||
| Fondiaria-Sai SpA* |
12,116 | 141,560 | |||
| Fondiaria-Sai SpA RSP* |
17,421 | 165,379 | |||
| Gemina SpA* |
101,430 | 39,391 | |||
| Hera SpA* |
40,249 | 66,210 | |||
| Intesa Sanpaolo SpA RSP* |
68,596 | 129,053 | |||
| Mediaset SpA* |
93,962 | 418,859 | |||
| Mediobanca SpA* |
30,827 | 261,536 | |||
| Mediolanum SpA* |
65,605 | 226,470 | |||
| Milano Assicurazioni SpA RSP* |
57,515 | 148,144 | |||
| Panariagroup Industrie Ceramiche SpA* |
40,835 | 66,686 | |||
| Piaggio & C. SpA* |
42,058 | 53,272 | |||
| Piccolo Credito Valtellinese S.c.r.l.* |
24,316 | 196,935 | |||
| Premafin Finanziaria SpA* |
177,577 | 235,769 | |||
| Safilo Group SpA* |
39,027 | 20,441 | |||
| Saipem SpA* |
12,116 | 215,558 | |||
| Snam Rete Gas SpA* |
141,391 | 758,408 | |||
| Sogefi SpA* |
18,583 | 18,085 | |||
| Telecom Italia SpA* |
1,379,700 | 1,778,705 | |||
| Telecom Italia SpA RSP* |
413,908 | 421,227 | |||
| Terna Rete Elettrica Nazionale SpA* |
157,597 | 490,672 | |||
| Unione di Banche Italiane SCPA* |
25,732 | 283,394 | |||
| Total Italy | 16,833,958 | ||||
| Japan – 13.0% | |||||
| Alpen Co., Ltd. |
8,100 | 135,314 | |||
| Asahi Glass Co., Ltd. |
33,000 | 173,403 | |||
| Astellas Pharma, Inc. |
15,600 | 476,987 | |||
| Belluna Co., Ltd. |
33,000 | 84,864 | |||
| Bridgestone Corp. |
26,700 | 380,888 | |||
| Canon, Inc. |
23,400 | 668,098 | |||
| Chubu Electric Power Co., Inc. |
22,200 | 487,739 | |||
| Chugoku Electric Power Co., Inc. (The) |
10,300 | 223,165 | |||
| Dai Nippon Printing Co., Ltd. |
33,000 | 300,364 | |||
| Daiichi Sankyo Co., Ltd. |
14,400 | 240,267 | |||
| Daiwa Securities Group, Inc. |
62,000 | 268,665 | |||
| DENSO Corp. |
15,600 | 308,304 | |||
| Eisai Co., Ltd. |
11,100 | 323,661 | |||
| Fanuc Ltd. |
7,800 | 523,580 | |||
| FCC Co., Ltd. |
5,600 | 57,378 | |||
| Fuji Electronics Co., Ltd.* |
24,900 | 189,580 | |||
| FUJIFILM Holdings Corp. |
15,600 | 335,628 | |||
| Fuso Pharmaceutical Industries Ltd. |
39,000 | 108,586 | |||
| GS Yuasa Corp.* |
35,000 | 171,510 | |||
| Gulliver International Co., Ltd. |
2,920 | 43,872 | |||
| Hokkaido Electric Power Co., Inc. |
12,800 | 256,596 | |||
| Honda Motor Co., Ltd. |
38,500 | 902,374 | |||
| Honeys Co., Ltd.* |
18,440 | 101,936 | |||
| HOYA CORP. |
10,300 | 201,266 | |||
| Iida Home Max |
45,500 | 143,267 | |||
| ITOCHU Corp. |
78,000 | 377,483 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 27 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Izumiya Co., Ltd. |
59,000 | $ | 267,612 | ||
| Japan Tobacco, Inc. |
156 | 413,652 | |||
| Japan Transcity Corp. |
72,000 | 216,503 | |||
| JFE Holdings, Inc. |
15,600 | 338,787 | |||
| Kanamoto Co., Ltd. |
24,000 | 80,915 | |||
| Kansai Electric Power Co., Inc. (The) |
26,700 | 578,495 | |||
| Kanto Natural Gas Development Ltd. |
21,000 | 112,686 | |||
| Kao Corp. |
13,000 | 252,577 | |||
| Kasumi Co., Ltd. |
33,000 | 124,623 | |||
| KDDI Corp. |
68 | 318,072 | |||
| Keiyo Co., Ltd. |
11,400 | 58,749 | |||
| Kirin Holdings Co., Ltd. |
33,000 | 348,142 | |||
| Kobe Steel Ltd. |
186,000 | 237,279 | |||
| Kojima Co., Ltd. |
66,200 | 193,701 | |||
| Komatsu Ltd.* |
37,800 | 409,497 | |||
| Kyocera Corp. |
7,800 | 511,734 | |||
| Kyodo Printing Co., Ltd. |
165,000 | 352,486 | |||
| Kyushu Electric Power Co., Inc. |
26,500 | 592,943 | |||
| Maruzen Showa Unyu Co., Ltd. |
105,000 | 285,967 | |||
| Ministop Co., Ltd. |
7,000 | 109,213 | |||
| Mitsubishi Corp. |
45,000 | 585,451 | |||
| Mitsubishi Estate Co., Ltd. |
32,976 | 367,921 | |||
| Mitsubishi Heavy Industries Ltd. |
156,000 | 470,669 | |||
| Mitsubishi UFJ Financial Group, Inc. |
142,116 | 684,896 | |||
| Mitsui & Co., Ltd. |
35,000 | 349,398 | |||
| Mitsui Fudosan Co., Ltd. |
32,976 | 356,236 | |||
| Mitsui O.S.K. Lines Ltd. |
24,000 | 116,878 | |||
| Mitsui Sumitomo Insurance Group Holdings, Inc.* |
14,102 | 324,816 | |||
| Mitsuuroko Co., Ltd.* |
19,500 | 110,560 | |||
| Mizuho Financial Group, Inc.* |
245,853 | 467,960 | |||
| NEC Mobiling Ltd. |
7,400 | 114,330 | |||
| Nice Holdings, Inc.* |
53,000 | 83,173 | |||
| Nippon Oil Corp. |
78,000 | 384,590 | |||
| Nippon Steel Corp.* |
355,000 | 945,277 | |||
| Nippon Telegraph & Telephone Corp. |
39,033 | 1,474,062 | |||
| Nissin Corp. |
38,000 | 82,333 | |||
| Nissin Kogyo Co., Ltd. |
5,000 | 42,624 | |||
| Nitto Boseki Co., Ltd.* |
55,000 | 96,335 | |||
| NTT DoCoMo, Inc.* |
1,843 | 2,494,777 | |||
| Okinawa Electric Power Co., Inc. (The) |
4,600 | 244,042 | |||
| Oracle Corp. |
8,600 | 323,904 | |||
| Pacific Industrial Co., Ltd. |
44,000 | 115,379 | |||
| Panasonic Corp.* |
53,000 | 573,626 | |||
| Ricoh Co., Ltd. |
33,000 | 388,569 | |||
| Riken Corp. |
25,000 | 54,166 | |||
| Royal Holdings Co., Ltd.* |
18,900 | 202,261 | |||
| Saibu Gas Co., Ltd. |
112,000 | 293,692 | |||
| San-Ai Oil Co., Ltd. |
27,000 | 103,331 | |||
| Sanei-International Co., Ltd.* |
10,700 | 70,741 | |||
| Sankyo Seiko Co., Ltd.* |
57,100 | 105,216 | |||
| Sanoh Industrial Co., Ltd. |
29,300 | 114,506 | |||
| Satori Electric Co., Ltd. |
18,200 | 70,390 | |||
| Sawai Pharmaceutical Co., Ltd. |
3,300 | 153,022 | |||
| Secom Co., Ltd.* |
18,900 | 694,614 | |||
| Investments | Shares | U.S. $ Value | |||
| Seikagaku Corp. |
26,800 | $ | 263,469 | ||
| Seino Holdings Corp.* |
9,000 | 43,282 | |||
| Sekisui House Ltd. |
33,000 | 248,577 | |||
| Seven & I Holdings Co., Ltd. |
13,300 | 290,858 | |||
| Sharp Corp. |
33,000 | 259,269 | |||
| Shin-Etsu Chemical Co., Ltd. |
11,100 | 536,064 | |||
| Showa Corp. |
19,700 | 69,609 | |||
| Sinanen Co., Ltd.* |
30,000 | 129,088 | |||
| Sojitz Corp. |
78,700 | 93,226 | |||
| Sompo Japan Insurance, Inc.* |
66,000 | 337,451 | |||
| Sony Corp. |
11,100 | 224,540 | |||
| SSP Co., Ltd.* |
22,000 | 114,711 | |||
| Starzen Co., Ltd.* |
175,000 | 409,284 | |||
| Sumco Corp. |
14,200 | 207,314 | |||
| Sumitomo Chemical Co., Ltd. |
78,000 | 262,975 | |||
| Sumitomo Corp. |
37,800 | 322,622 | |||
| Sumitomo Electric Industries Ltd. |
22,000 | 182,869 | |||
| Sumitomo Metal Industries Ltd. |
156,000 | 311,147 | |||
| Sumitomo Mitsui Financial Group, Inc. |
12,423 | 428,900 | |||
| Sumitomo Trust & Banking Co., Ltd. (The) |
43,000 | 162,387 | |||
| Sumitomo Warehouse Co., Ltd. (The) |
16,000 | 61,881 | |||
| Suzuki Motor Corp. |
26,700 | 440,359 | |||
| T&D Holdings, Inc.* |
11,500 | 274,198 | |||
| Taihei Kogyo Co., Ltd.* |
53,000 | 117,515 | |||
| Takeda Pharmaceutical Co., Ltd. |
18,000 | 619,621 | |||
| Teikoku Tsushin Kogyo Co., Ltd. |
31,000 | 58,692 | |||
| Tochigi Bank Ltd. (The) |
136,000 | 659,552 | |||
| Toho Gas Co., Ltd.* |
36,000 | 164,746 | |||
| Tohoku Electric Power Co., Inc. |
26,700 | 585,254 | |||
| Tokyo Electric Power Co., Inc. (The) |
25,900 | 645,074 | |||
| Tokyo Gas Co., Ltd. |
111,000 | 387,719 | |||
| Tokyo Tomin Bank Ltd. (The) |
4,900 | 75,408 | |||
| Tokyu Livable, Inc.* |
10,400 | 44,540 | |||
| Tonami Holdings Co., Ltd. |
86,000 | 227,255 | |||
| Topre Corp. |
18,700 | 130,826 | |||
| Toray Industries, Inc. |
32,000 | 127,974 | |||
| Toyota Motor Corp. |
90,800 | 2,868,239 | |||
| Trend Micro, Inc.* |
6,500 | 182,292 | |||
| United Arrows Ltd. |
17,900 | 94,058 | |||
| Yamaha Motor Co., Ltd. |
3,300 | 29,235 | |||
| ZERIA Pharmaceutical Co., Ltd. |
13,000 | 142,148 | |||
| Total Japan | 39,182,381 | ||||
| Netherlands – 2.1% | |||||
| Akzo Nobel N.V.* |
10,458 | 395,656 | |||
| Ballast Nedam N.V. CVA* |
4,375 | 84,197 | |||
| Brunel International* |
7,951 | 100,287 | |||
| CSM* |
5,119 | 59,728 | |||
| Heijmans N.V. CVA* |
10,089 | 58,001 | |||
| Heineken Holding N.V. |
6,186 | 150,218 | |||
| Heineken N.V.* |
7,914 | 224,859 | |||
| Koninklijke BAM Groep N.V.* |
6,255 | 55,567 | |||
| Koninklijke DSM N.V.* |
7,839 | 206,231 | |||
| Koninklijke KPN N.V.* |
144,538 | 1,930,546 | |||
| Koninklijke Philips Electronics N.V.* |
30,971 | 455,612 | |||
See Notes to Financial Statements.
| 28 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Koninklijke Vopak N.V.* |
5,518 | $ | 220,740 | ||
| Reed Elsevier N.V. |
26,657 | 285,405 | |||
| SBM Offshore N.V.* |
9,651 | 128,521 | |||
| TNT N.V.* |
13,483 | 230,570 | |||
| Unilever N.V. CVA* |
77,904 | 1,535,982 | |||
| USG People N.V.* |
11,624 | 93,340 | |||
| Wavin N.V. |
17,705 | 58,062 | |||
| Wolters Kluwer N.V.* |
11,849 | 192,087 | |||
| Total Netherlands | 6,465,609 | ||||
| New Zealand – 0.4% | |||||
| Air New Zealand Ltd. |
162,484 | 83,464 | |||
| Auckland International Airport Ltd. |
92,289 | 90,072 | |||
| Fletcher Building Ltd. |
63,952 | 219,004 | |||
| Mainfreight Ltd. |
33,162 | 78,548 | |||
| New Zealand Refining Co., Ltd. (The) |
26,551 | 106,078 | |||
| Port of Tauranga Ltd. |
55,854 | 164,175 | |||
| Sky City Entertainment Group Ltd. |
18,230 | 29,237 | |||
| Telecom Corp. of New Zealand Ltd. |
188,828 | 245,724 | |||
| TrustPower Ltd. |
6,523 | 26,247 | |||
| Vector Ltd.* |
136,935 | 178,195 | |||
| Warehouse Group Ltd. (The) |
31,755 | 64,885 | |||
| Total New Zealand | 1,285,629 | ||||
| Norway – 0.7% | |||||
| ABG Sundal Collier Holding ASA* |
99,000 | 63,340 | |||
| Aker ASA Class A* |
7,551 | 143,704 | |||
| Ekornes ASA* |
1,701 | 16,375 | |||
| Orkla ASA* |
34,510 | 236,128 | |||
| Sparebank 1 SMN* |
44,760 | 161,086 | |||
| Sparebank 1 SR Bank* |
65,940 | 229,497 | |||
| Sparebanken 1 Nord-Norge* |
8,100 | 62,381 | |||
| StatoilHydro ASA* |
67,588 | 1,190,180 | |||
| Yara International ASA* |
6,852 | 149,429 | |||
| Total Norway | 2,252,120 | ||||
| Portugal – 0.6% | |||||
| Banco BPI S.A. Registered Shares* |
29,399 | 58,706 | |||
| Banco Espirito Santo S.A.* |
21,555 | 83,852 | |||
| BANIF SGPS S.A.* |
40,916 | 55,954 | |||
| BRISA* |
23,042 | 159,083 | |||
| Jeronimo Martins, SGPS, S.A.* |
49,346 | 242,936 | |||
| Portucel-Empresa Produtora De Pasta E Papel, S.A.* |
40,202 | 77,075 | |||
| Portugal Telecom, SGPS, S.A. |
77,003 | 596,041 | |||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
199,515 | 286,088 | |||
| Semapa-Sociedade de Investimento e Gestao* |
15,330 | 129,246 | |||
| Sonae* |
122,294 | 82,971 | |||
| Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.* |
23,116 | 123,071 | |||
| Total Portugal | 1,895,023 | ||||
| Singapore – 1.7% | |||||
| ComfortDelgro Corp., Ltd.* |
111,002 | 99,305 | |||
| Cosco Corp. Singapore Ltd.* |
184,000 | 99,250 | |||
| Investments | Shares | U.S. $ Value | |||
| DBS Group Holdings Ltd.* |
52,000 | $ | 289,041 | ||
| Fraser and Neave Ltd.* |
33,807 | 56,263 | |||
| Guocoland Ltd.* |
38,976 | 25,126 | |||
| Jaya Holdings Ltd.* |
151,000 | 27,812 | |||
| Keppel Land Ltd.* |
15,976 | 15,238 | |||
| Keppel Telecommunications & Transportation Ltd.* |
59,000 | 29,884 | |||
| KS Energy Services Ltd.* |
93,000 | 45,882 | |||
| MobileOne Ltd.* |
62,800 | 61,552 | |||
| Neptune Orient Lines Ltd.* |
60,000 | 46,573 | |||
| Oversea-Chinese Banking Corp., Ltd.* |
156,000 | 496,671 | |||
| SBS Transit Ltd.* |
54,500 | 57,361 | |||
| SembCorp Industries Ltd.* |
138,000 | 213,327 | |||
| SembCorp Marine Ltd.* |
80,223 | 95,516 | |||
| SIA Engineering Co., Ltd.* |
16,001 | 19,683 | |||
| Singapore Airlines Ltd.* |
41,899 | 275,615 | |||
| Singapore Airport Terminal Services Ltd.* |
78,001 | 62,085 | |||
| Singapore Exchange Ltd.* |
56,000 | 187,870 | |||
| Singapore Petroleum Co., Ltd.* |
100,000 | 188,133 | |||
| Singapore Post Ltd.* |
84,205 | 42,928 | |||
| Singapore Press Holdings Ltd.* |
78,001 | 129,813 | |||
| Singapore Shipping Corp., Ltd.* |
423,588 | 52,942 | |||
| Singapore Technologies Engineering Ltd.* |
190,000 | 307,460 | |||
| Singapore Telecommunications Ltd.* |
838,150 | 1,394,895 | |||
| SMRT Corp., Ltd.* |
111,000 | 111,716 | |||
| StarHub Ltd.* |
68,449 | 88,702 | |||
| Straits Trading Co., Ltd.* |
16,190 | 33,015 | |||
| United Overseas Bank Ltd.* |
79,038 | 505,361 | |||
| Venture Corp., Ltd.* |
30,000 | 99,461 | |||
| Total Singapore | 5,158,480 | ||||
| Spain – 5.9% | |||||
| Abertis Infraestructuras, S.A.* |
19,620 | 306,602 | |||
| Acciona, S.A.* |
1,871 | 192,396 | |||
| Acerinox S.A. |
9,625 | 111,817 | |||
| ACS Actividades de Construccion y Servicios, S.A.* |
14,695 | 609,510 | |||
| Antena 3 de Television S.A.* |
37,909 | 150,995 | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
203,367 | 1,649,764 | |||
| Banco de Sabadell S.A.* |
38,831 | 194,881 | |||
| Banco Espanol de Credito S.A.* |
22,687 | 181,332 | |||
| Banco Guipuzcoano S.A. |
4,560 | 29,665 | |||
| Banco Popular Espanol S.A.* |
50,103 | 317,309 | |||
| Banco Santander S.A.* |
491,379 | 3,378,979 | |||
| Bankinter, S.A.* |
21,356 | 225,984 | |||
| Cia Espanola de Petroleos S.A.* |
7,421 | 312,730 | |||
| Ebro Puleva S.A.* |
7,316 | 85,867 | |||
| Enagas* |
13,483 | 191,008 | |||
| Endesa S.A.* |
48,432 | 905,389 | |||
| Fomento de Construcciones y Contratas S.A.* |
5,733 | 175,450 | |||
| Gas Natural SDG S.A.* |
18,860 | 257,666 | |||
| Gestevision Telecinco S.A.* |
38,806 | 268,949 | |||
| Grupo Ferrovial, S.A.* |
4,091 | 87,232 | |||
| Iberdrola S.A.* |
176,155 | 1,234,892 | |||
| Iberia Lineas Aereas de Espana* |
72,062 | 151,169 | |||
| Inditex S.A.* |
17,895 | 697,333 | |||
| Mapfre S.A.* |
52,076 | 114,083 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Red Electrica Corp S.A.* |
5,407 | $ | 211,059 | ||
| Renta Corp. Real Estate S.A. |
17,274 | 40,824 | |||
| Repsol YPF S.A.* |
46,260 | 800,295 | |||
| Telefonica S.A.* |
203,957 | 4,067,323 | |||
| Union Fenosa S.A.* |
27,937 | 667,655 | |||
| Zardoya Otis, S.A.* |
16,455 | 300,837 | |||
| Total Spain | 17,918,995 | ||||
| Sweden – 2.8% | |||||
| AB Volvo Class A* |
37,811 | 200,322 | |||
| AB Volvo Class B* |
94,527 | 499,659 | |||
| Alfa Laval AB* |
30,204 | 227,426 | |||
| Assa Abloy AB Class B* |
15,603 | 145,323 | |||
| Atlas Copco AB Class A* |
31,206 | 233,083 | |||
| Axfood AB* |
7,490 | 136,803 | |||
| Boliden AB* |
20,900 | 107,188 | |||
| Connecta AB |
39,911 | 222,068 | |||
| Fabege AB* |
22,991 | 80,648 | |||
| Hemtex AB* |
16,448 | 30,241 | |||
| Hennes & Mauritz AB Class B* |
33,367 | 1,247,131 | |||
| Holmen AB Class B Series * |
9,250 | 153,005 | |||
| Kungsleden AB* |
46,032 | 175,947 | |||
| NCC AB Class B* |
7,423 | 52,975 | |||
| Nibe Industrier AB Class B* |
17,270 | 106,537 | |||
| Nobia AB* |
21,600 | 49,641 | |||
| Nordea Bank AB* |
135,528 | 672,124 | |||
| Ratos AB Class B* |
15,603 | 236,386 | |||
| Sandvik AB* |
46,010 | 262,126 | |||
| Scania AB Class A* |
21,408 | 171,553 | |||
| Scania AB Class B* |
30,008 | 243,191 | |||
| Securitas AB Class B* |
43,782 | 317,748 | |||
| Skanska AB Class B* |
22,207 | 190,715 | |||
| SKF AB Class B* |
15,603 | 134,471 | |||
| SSAB Svenskt Stal AB Series A* |
15,502 | 131,257 | |||
| Svenska Cellulosa AB Class B* |
32,207 | 243,482 | |||
| Svenska Handelsbanken AB Class A* |
30,008 | 422,863 | |||
| Svenska Handelsbanken AB Class B* |
2,230 | 32,166 | |||
| Swedbank AB Class A* |
26,707 | 88,837 | |||
| Telefonaktiebolaget LM Ericsson Class B* |
91,604 | 747,919 | |||
| TeliaSonera AB* |
155,400 | 744,359 | |||
| Total Sweden | 8,307,194 | ||||
| Switzerland – 5.3% | |||||
| Adecco S.A.* |
6,226 | 194,821 | |||
| Baloise Holding AG* |
2,715 | 173,948 | |||
| Ciba Holding AG* |
4,777 | 208,549 | |||
| Compagnie Financiere Richemont S.A. Class A* |
12,048 | 188,394 | |||
| Credit Suisse Group AG* |
56,038 | 1,708,172 | |||
| EFG International AG |
2,930 | 21,877 | |||
| Geberit AG* |
2,501 | 225,014 | |||
| Givaudan S.A.* |
463 | 240,245 | |||
| Helvetia Holding AG |
503 | 107,275 | |||
| Holcim Ltd.* |
9,550 | 340,828 | |||
| Huber & Suhner AG* |
4,890 | 124,718 | |||
| Kudelski S.A.* |
10,370 | 98,679 | |||
| Investments | Shares | U.S. $ Value | |||
| Kuehne + Nagel International AG* |
3,490 | $ | 203,958 | ||
| Nestle S.A.* |
103,268 | 3,494,791 | |||
| Nobel Biocare Holding AG* |
4,422 | 75,525 | |||
| Novartis AG* |
74,868 | 2,836,563 | |||
| Panalpina Welttransport Holding AG* |
1,011 | 49,703 | |||
| Roche Holding AG* |
16,046 | 2,204,288 | |||
| SGS S.A.* |
242 | 254,334 | |||
| Swatch Group AG (The) Class B* |
1,549 | 187,316 | |||
| Swiss Reinsurance* |
19,642 | 321,997 | |||
| Swisscom AG* |
2,532 | 712,024 | |||
| Swissquote Group Holding S.A.* |
7,744 | 279,235 | |||
| Syngenta AG* |
1,248 | 251,784 | |||
| Tecan Group AG* |
4,996 | 134,012 | |||
| Vontobel Holding AG* |
8,284 | 153,724 | |||
| Zurich Financial Services AG* |
7,117 | 1,127,278 | |||
| Total Switzerland | 15,919,052 | ||||
| United Kingdom – 18.9% | |||||
| AstraZeneca PLC |
66,031 | 2,319,763 | |||
| Aviva PLC |
147,050 | 455,799 | |||
| BAE Systems PLC |
249,953 | 1,198,414 | |||
| BHP Billiton PLC |
52,582 | 1,043,853 | |||
| BP PLC |
927,504 | 6,268,302 | |||
| Brit Insurance Holdings PLC* |
33,814 | 87,483 | |||
| British American Tobacco PLC |
86,679 | 2,004,014 | |||
| British Sky Broadcasting Group PLC |
113,958 | 708,087 | |||
| BT Group PLC |
569,301 | 638,118 | |||
| Cable & Wireless PLC |
101,678 | 203,308 | |||
| Cadbury PLC |
95,694 | 722,849 | |||
| Centrica PLC |
357,956 | 1,168,532 | |||
| Collins Stewart PLC |
28,314 | 27,597 | |||
| Compass Group PLC |
210,921 | 964,413 | |||
| Debenhams PLC |
209,231 | 143,953 | |||
| Diageo PLC |
141,065 | 1,590,268 | |||
| Electrocomponents PLC |
87,469 | 157,031 | |||
| Findel PLC |
20,158 | 21,959 | |||
| Friends Provident PLC* |
184,492 | 183,258 | |||
| Galliford Try PLC |
214,758 | 123,129 | |||
| GlaxoSmithKline PLC |
273,768 | 4,267,410 | |||
| Home Retail Group PLC |
53,756 | 173,173 | |||
| HSBC Holdings PLC |
816,491 | 4,622,756 | |||
| Imperial Tobacco Group PLC |
36,367 | 816,825 | |||
| Investec PLC |
12,969 | 54,280 | |||
| J. Sainsbury PLC |
126,152 | 565,967 | |||
| Kingfisher PLC |
142,567 | 305,910 | |||
| Lavendon Group PLC |
7,605 | 18,150 | |||
| Legal & General Group PLC |
733,706 | 452,213 | |||
| Logica PLC |
85,853 | 78,449 | |||
| Luminar Group Holdings PLC |
29,902 | 52,718 | |||
| Man Group PLC |
172,505 | 540,263 | |||
| Marks & Spencer Group PLC |
165,525 | 702,276 | |||
| National Grid PLC |
172,671 | 1,325,352 | |||
| Next PLC |
10,887 | 206,609 | |||
| Pearson PLC |
90,427 | 909,239 | |||
| Pendragon PLC |
763,344 | 78,231 | |||
See Notes to Financial Statements.
| 30 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree DEFA Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Prudential PLC |
161,273 | $ | 779,012 | ||
| Reckitt Benckiser Group PLC |
34,931 | 1,311,291 | |||
| Reed Elsevier PLC |
87,923 | 631,383 | |||
| Rexam PLC |
52,923 | 204,814 | |||
| Rio Tinto PLC |
13,867 | 467,092 | |||
| Royal Dutch Shell PLC Class A |
146,587 | 3,300,837 | |||
| Royal Dutch Shell PLC Class B |
106,341 | 2,333,610 | |||
| RSA Insurance Group PLC* |
140,520 | 262,040 | |||
| SABMiller PLC |
56,419 | 838,603 | |||
| Sage Group PLC (The) |
215,690 | 523,098 | |||
| Savills PLC |
35,832 | 121,081 | |||
| Scottish & Southern Energy PLC |
17,958 | 285,458 | |||
| Smith & Nephew PLC |
26,587 | 164,629 | |||
| Smiths Group PLC |
70,500 | 676,033 | |||
| Smiths News PLC |
239,758 | 283,517 | |||
| Standard Chartered PLC |
72,800 | 904,175 | |||
| Standard Life PLC |
88,931 | 211,726 | |||
| Tesco PLC |
276,357 | 1,320,652 | |||
| Thomson Reuters PLC* |
16,539 | 369,816 | |||
| Tomkins PLC |
83,325 | 144,814 | |||
| Unilever PLC |
66,847 | 1,262,844 | |||
| Vodafone Group PLC |
3,083,895 | 5,425,922 | |||
| Total United Kingdom | 57,022,398 | ||||
| TOTAL COMMON STOCKS (Cost: $504,200,579) |
296,645,242 | ||||
| RIGHTS – 0.0% | |||||
| Spain – 0.0% | |||||
| Mapfre S.A., expiring 4/01/09* (Cost: $0) |
52,076 | 691 | |||
| TOTAL LONG-TERM INVESTMENTS (Cost: $504,200,579) |
296,645,933 | ||||
| SHORT-TERM INVESTMENT – 1.0% | |||||
| MONEY MARKET FUND – 1.0% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $2,930,558) |
2,930,558 | 2,930,558 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.1% (Cost: $507,131,137) |
299,576,491 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.9% |
2,808,836 | ||||
| NET ASSETS – 100.0% | $ | 302,385,327 | |||
PPS – Price Protected Shares
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. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 31 |
Table of Contents
WisdomTree DEFA Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.3% | |||||
| Australia – 14.5% | |||||
| A.B.C Learning Centres Ltd.† |
138,653 | $ | 52,021 | ||
| AGL Energy Ltd. |
8,165 | 84,869 | |||
| Amcor Ltd. |
33,645 | 104,026 | |||
| AMP Ltd. |
70,467 | 230,114 | |||
| Aristocrat Leisure Ltd. |
13,199 | 31,272 | |||
| ASX Ltd. |
7,224 | 147,315 | |||
| Australia & New Zealand Banking Group Ltd. |
98,354 | 1,076,298 | |||
| Australian Wealth Management Ltd. |
8,514 | 5,501 | |||
| AXA Asia Pacific Holdings Ltd. |
34,219 | 80,836 | |||
| Bendigo and Adelaide Bank Ltd. |
10,382 | 59,078 | |||
| Billabong International Ltd. |
12,477 | 73,687 | |||
| BlueScope Steel Ltd. |
43,904 | 78,397 | |||
| Boral Ltd. |
21,486 | 53,892 | |||
| Bradken Ltd. |
546 | 628 | |||
| Brambles Ltd. |
35,726 | 119,148 | |||
| Challenger Financial Services Group Ltd. |
50,692 | 51,422 | |||
| Coca-Cola Amatil Ltd. |
34,090 | 205,355 | |||
| Coffey International Ltd. |
27,715 | 32,351 | |||
| Commonwealth Bank of Australia |
68,260 | 1,647,141 | |||
| ConnectEast Group(a) |
88,753 | 24,975 | |||
| Consolidated Media Holdings Ltd. |
45,738 | 63,558 | |||
| CSR Ltd. |
50,990 | 42,513 | |||
| David Jones Ltd. |
18,983 | 36,930 | |||
| Fairfax Media Ltd. |
77,148 | 54,406 | |||
| FKP Property Group |
2,665 | 1,852 | |||
| Flight Centre Ltd. |
245 | 907 | |||
| Foster’s Group Ltd. |
73,950 | 259,985 | |||
| Goodman Fielder Ltd. |
56,418 | 40,963 | |||
| GUD Holdings Ltd. |
5,389 | 23,439 | |||
| Harvey Norman Holdings Ltd. |
18,108 | 32,334 | |||
| Insurance Australia Group Ltd. |
88,047 | 214,113 | |||
| Invocare Ltd. |
2,482 | 8,795 | |||
| IOOF Holdings Ltd. |
4,884 | 11,232 | |||
| Iress Market Technology Ltd. |
2,206 | 8,583 | |||
| Lend Lease Corp., Ltd. |
28,592 | 128,929 | |||
| Lion Nathan Ltd. |
22,796 | 127,976 | |||
| Macquarie Group Ltd. |
21,700 | 407,837 | |||
| Minara Resources Ltd.* |
47,350 | 13,160 | |||
| National Australia Bank Ltd. |
86,969 | 1,214,564 | |||
| Navitas Ltd. |
7,507 | 11,944 | |||
| Pacific Brands Ltd. |
10,594 | 1,803 | |||
| Perpetual Ltd. |
2,634 | 49,303 | |||
| Primary Health Care Ltd. |
14,092 | 44,550 | |||
| Qantas Airways Ltd. |
140,966 | 170,911 | |||
| QBE Insurance Group Ltd. |
36,023 | 482,305 | |||
| Ridley Corp., Ltd. |
11,133 | 5,260 | |||
| Service Stream Ltd. |
40,241 | 10,345 | |||
| Seven Network Ltd. |
20,992 | 85,907 | |||
| Sims Metal Management Ltd. |
9,469 | 110,528 | |||
| Skilled Group Ltd. |
15,393 | 15,508 | |||
| SMS Management & Technology Ltd. |
3,524 | 5,754 | |||
| Sonic Healthcare Ltd. |
12,601 | 96,920 | |||
| Investments | Shares | U.S. $ Value | |||
| STW Communications Group Ltd. |
8,675 | $ | 2,953 | ||
| Suncorp-Metway Ltd. |
40,641 | 169,424 | |||
| Sunland Group Ltd. |
4,375 | 1,824 | |||
| TABCORP Holdings Ltd. |
49,220 | 222,287 | |||
| Tatts Group Ltd. |
55,014 | 105,880 | |||
| Telstra Corp., Ltd. |
540,444 | 1,205,357 | |||
| Toll Holdings Ltd. |
18,830 | 81,769 | |||
| Transfield Services Ltd. |
6,978 | 9,891 | |||
| United Group Ltd. |
13,228 | 84,372 | |||
| Washington H. Soul Pattinson & Co., Ltd. |
19,031 | 132,227 | |||
| Wesfarmers Ltd. |
24,787 | 324,635 | |||
| Wesfarmers Ltd. PPS* |
7,347 | 96,989 | |||
| West Australian Newspapers Holdings Ltd. |
15,005 | 46,185 | |||
| Westpac Banking Corp. |
126,618 | 1,679,427 | |||
| WHK Group Ltd. |
55,964 | 36,940 | |||
| Woolworths Ltd. |
35,222 | 612,051 | |||
| Total Australia | 12,753,651 | ||||
| Austria – 0.2% | |||||
| Oesterreichische Post AG* |
2,663 | 79,093 | |||
| Telekom Austria AG* |
9,239 | 139,839 | |||
| Total Austria | 218,932 | ||||
| Belgium – 1.6% | |||||
| Anheuser-Busch InBev N.V.* |
29,539 | 813,597 | |||
| Belgacom S.A.* |
11,399 | 357,173 | |||
| Cofinimmo* |
538 | 57,323 | |||
| Compagnie Maritime Belge S.A.* |
2,271 | 49,661 | |||
| Melexis N.V.* |
688 | 3,197 | |||
| Mobistar S.A.* |
1,681 | 106,125 | |||
| Total Belgium | 1,387,076 | ||||
| Denmark – 0.3% | |||||
| Bang & Olufsen A/S Class B* |
1,892 | 23,946 | |||
| D/S Norden* |
2,343 | 65,468 | |||
| TrygVesta A/S |
3,753 | 189,662 | |||
| Total Denmark | 279,076 | ||||
| Finland – 1.4% | |||||
| Ahlstrom Oyj* |
4,614 | 38,043 | |||
| Amer Sports Oyj Class A* |
3,135 | 20,770 | |||
| Comptel PLC* |
35,852 | 29,036 | |||
| Fiskars Oyj Abp Class A* |
2,460 | 21,720 | |||
| Huhtamaki Oyj* |
10,438 | 70,956 | |||
| Kesko Oyj Class B* |
1,452 | 30,132 | |||
| Metso Oyj* |
4,337 | 51,248 | |||
| Neste Oil Oyj* |
4,416 | 58,749 | |||
| Orion Oyj Class B* |
3,293 | 47,656 | |||
| Outokumpu Oyj* |
4,215 | 45,665 | |||
| PKC Group Oyj* |
6,570 | 23,552 | |||
| Pohjola Bank PLC* |
6,257 | 36,885 | |||
| Rapala VMC Oyj* |
9,117 | 47,813 | |||
| Rautaruukki Oyj* |
6,009 | 96,217 | |||
| Sampo Oyj Class A* |
18,605 | 274,685 | |||
| Sanoma Oyj* |
5,325 | 68,013 | |||
| Stora Enso Oyj Class R* |
20,089 | 71,215 | |||
See Notes to Financial Statements.
| 32 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Talentum Oyj* |
9,514 | $ | 20,842 | ||
| UPM-Kymmene Oyj* |
13,137 | 75,873 | |||
| Uponor Oyj* |
6,796 | 63,432 | |||
| Wartsila Oyj* |
3,185 | 67,194 | |||
| Total Finland | 1,259,696 | ||||
| France – 22.3% | |||||
| ABC Arbitrage* |
6,580 | 53,379 | |||
| Accor S.A.* |
6,169 | 214,716 | |||
| Air France-KLM* |
5,630 | 50,082 | |||
| Assystem* |
7,135 | 50,208 | |||
| AXA S.A.* |
87,856 | 1,055,650 | |||
| BNP Paribas* |
35,651 | 1,473,029 | |||
| Bouygues S.A.* |
6,629 | 236,932 | |||
| Canal Plus* |
6,655 | 41,528 | |||
| Cie de Saint-Gobain* |
12,460 | 349,391 | |||
| CNP Assurances* |
3,086 | 194,621 | |||
| Credit Agricole S.A.* |
109,995 | 1,213,888 | |||
| Etablissements Maurel et Prom* |
4,443 | 60,052 | |||
| Euler Hermes S.A.* |
3,356 | 110,726 | |||
| Fimalac* |
521 | 17,712 | |||
| Fonciere Des Regions* |
1,331 | 62,478 | |||
| France Telecom S.A.* |
134,603 | 3,064,918 | |||
| Gaz de France Suez* |
45,541 | 1,563,015 | |||
| GFI Informatique* |
5,471 | 16,489 | |||
| ICADE* |
910 | 64,409 | |||
| Imerys S.A.* |
1,386 | 50,706 | |||
| IMS-Intl Metal Service* |
2,320 | 31,881 | |||
| Klepierre* |
3,905 | 68,671 | |||
| Lafarge S.A.* |
4,232 | 190,422 | |||
| Legrand S.A.* |
5,855 | 101,719 | |||
| M6-Metropole Television* |
6,518 | 106,357 | |||
| Manitou BF S.A.* |
7,675 | 49,422 | |||
| Neopost S.A.* |
1,098 | 85,144 | |||
| Nexity |
3,993 | 85,354 | |||
| NRJ Group* |
3,756 | 22,042 | |||
| PagesJaunes Groupe |
17,177 | 145,205 | |||
| Peugeot S.A.* |
6,642 | 125,577 | |||
| PPR* |
4,747 | 304,289 | |||
| Rallye S.A. |
2,271 | 40,826 | |||
| Sanofi-Aventis S.A.* |
47,744 | 2,686,457 | |||
| Schneider Electric S.A.* |
6,730 | 447,754 | |||
| SCOR SE* |
7,605 | 156,455 | |||
| Societe BIC S.A.* |
508 | 24,952 | |||
| Societe Immobiliere de Location pour l’Industrie et le Commerce* |
692 | 51,901 | |||
| Societe Television Francaise 1* |
8,469 | 66,353 | |||
| TOTAL S.A.* |
66,175 | 3,288,182 | |||
| Trigano S.A.* |
1,309 | 9,246 | |||
| Vallourec S.A.* |
858 | 79,525 | |||
| Vinci S.A. |
11,480 | 426,090 | |||
| Vivendi* |
40,679 | 1,076,140 | |||
| Zodiac * |
1,767 | 44,786 | |||
| Total France | 19,658,679 | ||||
| Investments | Shares | U.S. $ Value | |||
| Germany – 8.3% | |||||
| Allianz SE* |
11,567 | $ | 971,516 | ||
| BASF SE* |
23,249 | 703,475 | |||
| Comdirect Bank AG* |
2,012 | 14,692 | |||
| Daimler AG* |
25,399 | 643,421 | |||
| Deutsche Bank AG* |
19,437 | 781,937 | |||
| Deutsche Lufthansa AG* |
20,603 | 223,487 | |||
| Deutsche Post AG* |
36,247 | 390,295 | |||
| Deutsche Telekom AG* |
172,222 | 2,137,964 | |||
| HCI Capital AG* |
6,650 | 12,537 | |||
| Indus Holding AG* |
815 | 9,425 | |||
| MLP AG* |
1,383 | 14,506 | |||
| MPC Muenchmeyer Petersen Capital AG* |
604 | 3,777 | |||
| Muenchener Rueckversicherungs AG* |
4,675 | 569,803 | |||
| Norddeutsche Affinerie AG* |
972 | 24,662 | |||
| RWE AG* |
11,858 | 831,434 | |||
| Vivacon AG* |
2,954 | 8,236 | |||
| Total Germany | 7,341,167 | ||||
| Hong Kong – 1.6% | |||||
| CLP Holdings Ltd. |
74,524 | 512,052 | |||
| Hang Seng Bank Ltd. |
40,518 | 408,056 | |||
| HongKong Electric Holdings |
57,018 | 338,429 | |||
| Shenzhen Investment Ltd. |
458,000 | 114,057 | |||
| Total Hong Kong | 1,372,594 | ||||
| Ireland – 0.0% | |||||
| C&C Group PLC |
17,020 | 29,377 | |||
| Greencore Group PLC |
396 | 373 | |||
| Total Ireland | 29,750 | ||||
| Italy – 8.3% | |||||
| ACEA SpA* |
2,477 | 29,598 | |||
| Alleanza Assicurazioni SpA* |
27,837 | 156,892 | |||
| Banca Intermobiliare SpA* |
5,202 | 16,921 | |||
| Banca Monte dei Paschi di Siena SpA* |
356,148 | 492,718 | |||
| Banca Popolare di Milano S.c.r.l.* |
4,435 | 22,081 | |||
| Benetton Group SpA* |
1,766 | 11,501 | |||
| Cairo Communication SpA* |
23,073 | 59,124 | |||
| Credito Artigiano SpA* |
29,161 | 78,112 | |||
| Credito Emiliano SpA* |
1,067 | 4,392 | |||
| Enel SpA* |
251,587 | 1,206,691 | |||
| ENI SpA* |
116,398 | 2,259,399 | |||
| Fondiaria-Sai SpA RSP* |
3,730 | 35,409 | |||
| Gemina SpA* |
82,679 | 32,109 | |||
| Industria Macchine Automatiche SpA* |
6,003 | 96,519 | |||
| Intesa Sanpaolo SpA RSP* |
24,398 | 45,901 | |||
| Lottomatica SpA* |
4,551 | 74,804 | |||
| MARR SpA* |
6,075 | 41,095 | |||
| Mediaset SpA* |
54,636 | 243,554 | |||
| Mediobanca SpA* |
18,993 | 161,137 | |||
| Mediolanum SpA* |
17,635 | 60,876 | |||
| Milano Assicurazioni SpA* |
22,206 | 51,094 | |||
| Panariagroup Industrie Ceramiche SpA* |
12,958 | 21,161 | |||
| Parmalat SpA* |
48,825 | 100,544 | |||
| Piaggio & C. SpA* |
24,993 | 31,657 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 33 |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Piccolo Credito Valtellinese S.c.r.l.* |
3,320 | $ | 26,889 | ||
| Premuda SpA* |
39,477 | 47,172 | |||
| Recordati SpA* |
8,482 | 46,172 | |||
| Snam Rete Gas SpA* |
71,593 | 384,018 | |||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
2,659 | 62,381 | |||
| Sogefi SpA* |
21,810 | 21,226 | |||
| Telecom Italia SpA* |
526,740 | 679,072 | |||
| Telecom Italia SpA RSP* |
246,916 | 251,282 | |||
| Terna Rete Elettrica Nazionale SpA* |
60,860 | 189,485 | |||
| Unione di Banche Italiane SCPA* |
21,021 | 231,510 | |||
| Total Italy | 7,272,496 | ||||
| Japan – 0.5% | |||||
| Daiken Corp. |
12,000 | 19,439 | |||
| Idec Corp. |
5,900 | 31,420 | |||
| Oracle Corp. |
2,500 | 94,158 | |||
| Pacific Metals Co., Ltd. |
5,000 | 21,768 | |||
| Ryoyo Electro Corp. |
2,200 | 18,153 | |||
| Sinanen Co., Ltd.* |
12,000 | 51,635 | |||
| Tokyu Livable, Inc.* |
4,700 | 20,129 | |||
| TonenGeneral Sekiyu K.K. |
12,000 | 116,999 | |||
| United Arrows Ltd. |
6,400 | 33,630 | |||
| Total Japan | 407,331 | ||||
| Netherlands – 1.0% | |||||
| Ballast Nedam N.V. CVA* |
1,103 | 21,227 | |||
| Beter BED Holding N.V.* |
2,574 | 25,778 | |||
| Brunel International* |
2,295 | 28,947 | |||
| Heijmans N.V. CVA* |
2,967 | 17,057 | |||
| Koninklijke BAM Groep N.V.* |
2,526 | 22,440 | |||
| Koninklijke KPN N.V.* |
55,088 | 735,792 | |||
| Macintosh Retail Group N.V.* |
1,467 | 13,849 | |||
| Smit Internationale N.V.* |
26 | 1,483 | |||
| Wavin N.V. |
2,851 | 9,350 | |||
| Total Netherlands | 875,923 | ||||
| New Zealand – 0.7% | |||||
| Air New Zealand Ltd. |
154,463 | 79,344 | |||
| Auckland International Airport Ltd. |
49,904 | 48,705 | |||
| Contact Energy Ltd. |
3,366 | 10,989 | |||
| Fisher & Paykel Appliances Holdings Ltd. |
52,483 | 14,678 | |||
| Fletcher Building Ltd. |
20,648 | 70,709 | |||
| PGG Wrightson Ltd. |
52,003 | 30,571 | |||
| Pumpkin Patch Ltd. |
28,931 | 17,008 | |||
| Sky City Entertainment Group Ltd. |
5,418 | 8,689 | |||
| Telecom Corp. of New Zealand Ltd. |
131,813 | 171,530 | |||
| Vector Ltd.* |
51,588 | 67,132 | |||
| Warehouse Group Ltd. (The) |
38,166 | 77,984 | |||
| Total New Zealand | 597,339 | ||||
| Norway – 0.3% | |||||
| ABG Sundal Collier Holding ASA* |
54,000 | 34,549 | |||
| Aker ASA Class A* |
1,060 | 20,173 | |||
| Ekornes ASA* |
1,150 | 11,071 | |||
| Sparebank 1 SMN* |
8,120 | 29,223 | |||
| Sparebank 1 SR Bank* |
2,000 | 6,961 | |||
| Investments | Shares | U.S. $ Value | |||
| Sparebanken 1 Nord-Norge* |
3,200 | $ | 24,644 | ||
| Veidekke ASA* |
24,160 | 107,344 | |||
| Total Norway | 233,965 | ||||
| Portugal – 0.5% | |||||
| Banco BPI S.A. Registered Shares* |
18,645 | 37,231 | |||
| Banco Espirito Santo S.A.* |
8,573 | 33,350 | |||
| BANIF SGPS S.A.* |
11,481 | 15,701 | |||
| Portugal Telecom, SGPS, S.A. |
48,690 | 376,885 | |||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
3,736 | 5,357 | |||
| Total Portugal | 468,524 | ||||
| Singapore – 2.2% | |||||
| Chip Eng Seng Corp., Ltd.* |
194,000 | 21,695 | |||
| ComfortDelgro Corp., Ltd.* |
56,000 | 50,099 | |||
| DBS Group Holdings Ltd.* |
59,000 | 327,950 | |||
| Jaya Holdings Ltd.* |
123,000 | 22,655 | |||
| MobileOne Ltd.* |
51,000 | 49,987 | |||
| Rickmers Maritime* |
189,000 | 42,892 | |||
| Singapore Airport Terminal Services Ltd.* |
31,000 | 24,674 | |||
| Singapore Exchange Ltd.* |
31,000 | 103,999 | |||
| Singapore Petroleum Co., Ltd.* |
19,000 | 35,745 | |||
| Singapore Post Ltd.* |
83,000 | 42,313 | |||
| Singapore Press Holdings Ltd.* |
43,000 | 71,563 | |||
| Singapore Telecommunications Ltd.* |
440,900 | 733,770 | |||
| SMRT Corp., Ltd.* |
62,000 | 62,400 | |||
| StarHub Ltd.* |
66,640 | 86,358 | |||
| United Overseas Bank Ltd.* |
33,000 | 210,999 | |||
| UOB-Kay Hian Holdings Ltd.* |
31,000 | 22,431 | |||
| Total Singapore | 1,909,530 | ||||
| Spain – 7.2% | |||||
| ACS Actividades de Construccion y Servicios, S.A.* |
7,621 | 316,099 | |||
| Antena 3 de Television S.A.* |
31,340 | 124,830 | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
111,786 | 906,836 | |||
| Banco de Sabadell S.A.* |
25,546 | 128,208 | |||
| Banco Espanol de Credito S.A.* |
15,756 | 125,934 | |||
| Banco Popular Espanol S.A.* |
27,098 | 171,615 | |||
| Banco Santander S.A.* |
211,595 | 1,453,412 | |||
| Bolsas y Mercados Espanoles* |
2,478 | 57,280 | |||
| Cementos Portland Valderrivas S.A. |
1,664 | 39,215 | |||
| Fomento de Construcciones y Contratas S.A.* |
2,485 | 76,050 | |||
| Gestevision Telecinco S.A.* |
22,226 | 154,039 | |||
| Iberia Lineas Aereas de Espana* |
90,776 | 190,427 | |||
| Renta Corp. Real Estate S.A. |
4,932 | 11,656 | |||
| Telefonica S.A.* |
107,074 | 2,135,276 | |||
| Union Fenosa S.A.* |
17,408 | 416,027 | |||
| Uralita S.A.* |
11,153 | 62,933 | |||
| Total Spain | 6,369,837 | ||||
| Sweden – 3.0% | |||||
| AB Volvo Class A* |
17,267 | 91,480 | |||
| AB Volvo Class B* |
70,205 | 371,096 | |||
| Axfood AB* |
1,596 | 29,150 | |||
| Boliden AB* |
12,012 | 61,605 | |||
| D. Carnegie AB*† |
14,478 | 31,172 | |||
See Notes to Financial Statements.
| 34 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree DEFA Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Fabege AB* |
7,470 | $ | 26,203 | ||
| Hemtex AB* |
5,388 | 9,906 | |||
| Hennes & Mauritz AB Class B* |
16,863 | 630,274 | |||
| Holmen AB Class B Series* |
2,888 | 47,771 | |||
| Kungsleden AB* |
20,009 | 76,480 | |||
| Mekonomen AB* |
3,709 | 38,583 | |||
| NCC AB Class B* |
4,786 | 34,156 | |||
| Nordea Bank AB* |
76,216 | 377,978 | |||
| Rederi AB Transatlantic* |
4,558 | 13,342 | |||
| Scania AB Class A* |
7,601 | 60,911 | |||
| Scania AB Class B* |
7,976 | 64,639 | |||
| Securitas AB Class B* |
5,254 | 38,131 | |||
| Skanska AB Class B* |
12,390 | 106,406 | |||
| SKF AB Class B* |
11,640 | 100,317 | |||
| Svenska Cellulosa AB Class A* |
2,064 | 15,479 | |||
| Svenska Cellulosa AB Class B* |
17,328 | 130,998 | |||
| Svenska Handelsbanken AB Class A* |
16,707 | 235,429 | |||
| Svenska Handelsbanken AB Class B* |
1,307 | 18,853 | |||
| Swedbank AB Class A* |
11,029 | 36,686 | |||
| Wihlborgs Fastigheter AB* |
2,064 | 22,969 | |||
| Total Sweden | 2,670,014 | ||||
| Switzerland – 2.9% | |||||
| Ciba Holding AG* |
4,171 | 182,093 | |||
| Credit Suisse Group AG* |
35,000 | 1,066,883 | |||
| Mobilezone Holding AG* |
14,123 | 85,082 | |||
| Swiss Reinsurance* |
10,801 | 177,064 | |||
| Swisscom AG* |
1,535 | 431,657 | |||
| Vontobel Holding AG* |
2,902 | 53,852 | |||
| Zurich Financial Services AG* |
3,560 | 563,877 | |||
| Total Switzerland | 2,560,508 | ||||
| United Kingdom – 21.5% | |||||
| Amlin PLC |
19,010 | 93,733 | |||
| AstraZeneca PLC |
36,005 | 1,264,907 | |||
| Aviva PLC |
110,804 | 343,450 | |||
| Beazley Group PLC |
37,272 | 45,945 | |||
| Bellway PLC |
3,661 | 35,552 | |||
| BP PLC |
472,444 | 3,192,894 | |||
| Braemar Shipping Services PLC |
5,457 | 17,286 | |||
| Brewin Dolphin Holdings PLC |
14,020 | 23,713 | |||
| Brit Insurance Holdings PLC* |
22,469 | 58,132 | |||
| British American Tobacco PLC |
46,145 | 1,066,870 | |||
| BT Group PLC |
365,583 | 409,775 | |||
| Cable & Wireless PLC |
61,011 | 121,993 | |||
| Cadbury PLC |
28,293 | 213,719 | |||
| Carpetright PLC |
2,819 | 16,698 | |||
| Centrica PLC |
103,145 | 336,712 | |||
| Chaucer Holdings PLC |
36,428 | 22,191 | |||
| Chesnara PLC |
15,864 | 30,242 | |||
| Clarkson PLC |
1,829 | 12,741 | |||
| Close Brothers Group PLC |
10,060 | 77,433 | |||
| Collins Stewart PLC |
48,367 | 47,142 | |||
| Debenhams PLC |
108,801 | 74,856 | |||
| Devro PLC |
51,328 | 64,559 | |||
| Investments | Shares | U.S. $ Value | |||
| Electrocomponents PLC |
40,338 | $ | 72,418 | ||
| Enterprise Inns PLC |
6,673 | 6,480 | |||
| Findel PLC |
4,499 | 4,901 | |||
| Friends Provident PLC* |
84,044 | 83,482 | |||
| Galliford Try PLC |
104,928 | 60,159 | |||
| GlaxoSmithKline PLC |
157,216 | 2,450,634 | |||
| HMV Group PLC |
7,684 | 14,291 | |||
| Holidaybreak PLC |
1,911 | 5,478 | |||
| Home Retail Group PLC |
31,235 | 100,622 | |||
| HSBC Holdings PLC |
399,789 | 2,263,499 | |||
| IMI PLC |
2,487 | 9,669 | |||
| Investec PLC |
19,355 | 81,008 | |||
| Jardine Lloyd Thompson Group PLC |
6,496 | 40,829 | |||
| Kingfisher PLC |
63,859 | 137,024 | |||
| Ladbrokes PLC |
53,407 | 140,280 | |||
| Lavendon Group PLC |
14,716 | 35,120 | |||
| Legal & General Group PLC |
176,262 | 108,637 | |||
| Logica PLC |
121,292 | 110,832 | |||
| Luminar Group Holdings PLC |
11,231 | 19,801 | |||
| Man Group PLC |
29,501 | 92,393 | |||
| Marks & Spencer Group PLC |
57,726 | 244,915 | |||
| Mondi PLC |
18,714 | 39,699 | |||
| National Grid PLC |
77,022 | 591,190 | |||
| Next PLC |
4,985 | 94,603 | |||
| Northgate PLC |
3,397 | 3,177 | |||
| Pearson PLC |
29,973 | 301,377 | |||
| Pendragon PLC |
82,580 | 8,463 | |||
| Rexam PLC |
15,801 | 61,151 | |||
| RSA Insurance Group PLC* |
99,340 | 185,248 | |||
| Savills PLC |
3,994 | 13,496 | |||
| Scottish & Southern Energy PLC |
27,098 | 430,746 | |||
| Smiths Group PLC |
16,885 | 161,912 | |||
| Smiths News PLC |
27,194 | 32,157 | |||
| Standard Life PLC |
54,329 | 129,346 | |||
| Tate & Lyle PLC |
9,807 | 36,618 | |||
| Telecom Plus PLC |
9,047 | 39,292 | |||
| Thomson Reuters PLC* |
8,953 | 200,192 | |||
| Tomkins PLC |
47,685 | 82,874 | |||
| UTV Media PLC |
11,223 | 9,732 | |||
| Vodafone Group PLC |
1,624,224 | 2,857,721 | |||
| Total United Kingdom | 18,932,009 | ||||
| TOTAL COMMON STOCKS (Cost: $161,998,022) |
86,598,097 | ||||
| RIGHTS – 0.0% | |||||
| Finland – 0.0% | |||||
| Pohjola Bank PLC., expiring 4/24/09* (Cost: $22,767) |
6,463 | 8,753 | |||
| TOTAL LONG-TERM INVESTMENTS (Cost: $162,020,789) |
86,606,850 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 35 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree DEFA Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| SHORT-TERM INVESTMENT – 1.0% | |||||
| MONEY MARKET FUND – 1.0% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $863,728) |
863,728 | $ | 863,728 | ||
| TOTAL INVESTMENTS IN SECURITIES – 99.3% (Cost: $162,884,517) | 87,470,578 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.7% |
652,338 | ||||
| NET ASSETS – 100.0% | $ | 88,122,916 | |||
| PPS | – Price Protected Shares |
| 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. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 36 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.6% | |||||
| Austria – 0.7% | |||||
| A&T Austria Technologie & Systemtechnik AG* |
313 | $ | 1,226 | ||
| Andritz AG* |
81 | 2,491 | |||
| BWT AG* |
219 | 4,303 | |||
| Erste Group Bank AG*(a) |
277 | 4,689 | |||
| Flughafen Wien AG* |
76 | 2,221 | |||
| Oesterreichische Post AG* |
220 | 6,534 | |||
| OMV AG* |
632 | 21,146 | |||
| Palfinger AG* |
224 | 2,495 | |||
| POLYTEC Holding AG* |
599 | 1,098 | |||
| Raiffeisen International Bank Holding AG* |
58 | 1,633 | |||
| Telekom Austria AG* |
1,248 | 18,890 | |||
| Uniqa Versicherungen AG* |
334 | 7,095 | |||
| Verbund - Oesterreichische Elektrizitaetswirtschafts AG Class A* |
332 | 12,602 | |||
| Vienna Insurance Group* |
106 | 3,044 | |||
| voestalpine AG* |
273 | 3,570 | |||
| Zumtobel AG* |
604 | 4,371 | |||
| Total Austria | 97,408 | ||||
| Belgium – 1.7% | |||||
| Anheuser-Busch InBev N.V.* |
3,269 | 90,039 | |||
| Bekaert S.A.* |
71 | 4,788 | |||
| Belgacom S.A.* |
1,794 | 56,213 | |||
| Cofinimmo* |
12 | 1,279 | |||
| Colruyt S.A.* |
63 | 14,444 | |||
| Compagnie Maritime Belge S.A.* |
299 | 6,538 | |||
| Delhaize Group* |
185 | 11,989 | |||
| Euronav N.V.* |
449 | 6,605 | |||
| Mobistar S.A.* |
351 | 22,159 | |||
| Omega Pharma S.A.* |
99 | 2,177 | |||
| Recticel S.A.* |
107 | 315 | |||
| Solvay S.A.* |
225 | 15,758 | |||
| UCB S.A.* |
556 | 16,381 | |||
| Umicore* |
353 | 6,517 | |||
| Total Belgium | 255,202 | ||||
| Denmark – 0.5% | |||||
| A/S Dampskibsselskabet Torm* |
513 | 3,914 | |||
| Auriga Industries Class B* |
67 | 1,158 | |||
| Bang & Olufsen A/S Class B* |
166 | 2,101 | |||
| Carlsberg A/S Class B* |
146 | 5,986 | |||
| D/S Norden* |
166 | 4,638 | |||
| Dalhoff Larsen & Horneman A/S Class B* |
499 | 1,227 | |||
| Danisco A/S* |
42 | 1,256 | |||
| H. Lundbeck A/S* |
334 | 5,686 | |||
| Novo Nordisk A/S Class B* |
859 | 41,114 | |||
| Novozymes A/S Class B* |
42 | 3,032 | |||
| TrygVesta A/S |
115 | 5,812 | |||
| Total Denmark | 75,924 | ||||
| Finland – 2.2% | |||||
| Ahlstrom Oyj* |
102 | 841 | |||
| Amer Sports Oyj Class A* |
23 | 152 | |||
| Cargotec Corp. Class B* |
33 | 307 | |||
| Investments | Shares | U.S. $ Value | |||
| Citycon Oyj* |
1,237 | $ | 2,398 | ||
| Comptel PLC* |
715 | 579 | |||
| Elisa Oyj* |
755 | 11,017 | |||
| Fortum Oyj* |
1,742 | 33,189 | |||
| Huhtamaki Oyj* |
422 | 2,869 | |||
| KCI Konecranes Oyj* |
389 | 6,508 | |||
| Kemira Oyj* |
504 | 3,232 | |||
| Kesko Oyj Class B* |
250 | 5,188 | |||
| Kone Oyj Class B* |
391 | 8,098 | |||
| Metso Oyj* |
504 | 5,956 | |||
| Neste Oil Oyj* |
965 | 12,838 | |||
| Nokia Oyj* |
9,219 | 108,692 | |||
| Nokian Renkaat Oyj* |
314 | 3,685 | |||
| Orion Oyj Class B* |
340 | 4,921 | |||
| Outokumpu Oyj*(a) |
615 | 6,663 | |||
| PKC Group Oyj* |
112 | 402 | |||
| Pohjola Bank PLC* |
504 | 2,971 | |||
| Rautaruukki Oyj* |
936 | 14,987 | |||
| Sampo Oyj Class A* |
2,611 | 38,549 | |||
| Sanoma Oyj* |
483 | 6,169 | |||
| Stora Enso Oyj Class R* |
2,823 | 10,007 | |||
| Technopolis PLC* |
409 | 1,276 | |||
| Teleste Oyj* |
1,087 | 4,589 | |||
| UPM-Kymmene Oyj*(a) |
3,047 | 17,598 | |||
| Uponor Oyj* |
624 | 5,824 | |||
| Wartsila Oyj* |
254 | 5,359 | |||
| YIT Oyj* |
504 | 3,379 | |||
| Total Finland | 328,243 | ||||
| France – 23.1% | |||||
| ABC Arbitrage* |
1,032 | 8,372 | |||
| Accor S.A.* |
1,346 | 46,848 | |||
| Aeroports de Paris* |
256 | 13,596 | |||
| Air France-KLM* |
1,563 | 13,904 | |||
| Air Liquide S.A.* |
841 | 68,386 | |||
| Alstom S.A.* |
168 | 8,696 | |||
| April Group* |
1,143 | 31,201 | |||
| Assystem* |
3,031 | 21,329 | |||
| Avenir Telecom* |
4,020 | 2,562 | |||
| AXA S.A.* |
10,574 | 127,054 | |||
| BNP Paribas* |
4,564 | 188,576 | |||
| Bourbon S.A. |
33 | 1,077 | |||
| Bouygues S.A.* |
982 | 35,098 | |||
| Cap Gemini S.A.* |
224 | 7,203 | |||
| Carbone Lorraine* |
28 | 646 | |||
| Carrefour S.A.* |
1,891 | 73,814 | |||
| Casino Guichard Perrachon S.A.* |
545 | 35,471 | |||
| Christian Dior S.A.* |
536 | 29,373 | |||
| Cie de Saint-Gobain* |
1,808 | 50,698 | |||
| Cie Generale D’Optique Essilor International S.A.* |
39 | 1,507 | |||
| Ciments Francais S.A.* |
64 | 4,677 | |||
| CNP Assurances* |
754 | 47,552 | |||
| Compagnie Generale des Etablissements Michelin Class B* |
508 | 18,838 | |||
| Credit Agricole S.A.* |
13,522 | 149,227 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Electricite de France* |
3,300 | $ | 129,405 | ||
| Eramet |
8 | 1,759 | |||
| Etablissements Maurel et Prom* |
805 | 10,880 | |||
| Euler Hermes S.A.* |
394 | 12,999 | |||
| Fimalac* |
162 | 5,507 | |||
| Fonciere Des Regions* |
182 | 8,543 | |||
| France Telecom S.A.* |
17,350 | 395,061 | |||
| Gaz de France Suez* |
6,059 | 207,951 | |||
| GFI Informatique* |
1,401 | 4,222 | |||
| Groupe Danone* |
1,261 | 61,377 | |||
| Groupe Steria SCA* |
271 | 3,827 | |||
| Haulotte Group* |
705 | 2,958 | |||
| Hermes International* |
36 | 4,185 | |||
| ICADE* |
103 | 7,290 | |||
| Imerys S.A.* |
127 | 4,646 | |||
| IMS-Intl Metal Service* |
290 | 3,985 | |||
| Ipsen S.A.* |
628 | 24,172 | |||
| Klepierre* |
229 | 4,027 | |||
| LaCie S.A.* |
646 | 1,621 | |||
| Lafarge S.A.* |
675 | 30,372 | |||
| Lagardere SCA* |
825 | 23,150 | |||
| Legrand S.A.* |
691 | 12,005 | |||
| L’Oreal S.A.* |
927 | 63,754 | |||
| LVMH Moet Hennessy Louis Vuitton S.A.* |
999 | 62,724 | |||
| M6-Metropole Television* |
689 | 11,243 | |||
| Manitou BF S.A.* |
509 | 3,278 | |||
| Neopost S.A.* |
157 | 12,174 | |||
| Nexans S.A.* |
58 | 2,201 | |||
| Nexity |
518 | 11,073 | |||
| NRJ Group* |
1,629 | 9,560 | |||
| PagesJaunes Groupe |
1,960 | 16,569 | |||
| Pernod-Ricard S.A.* |
256 | 14,267 | |||
| Peugeot S.A.* |
764 | 14,445 | |||
| PPR* |
646 | 41,409 | |||
| Publicis Groupe* |
233 | 5,977 | |||
| Sa des Ciments Vicat* |
48 | 2,125 | |||
| Saft Groupe S.A. |
51 | 1,375 | |||
| Sanofi-Aventis S.A.* |
6,043 | 340,027 | |||
| Schneider Electric S.A.* |
911 | 60,610 | |||
| SCOR SE* |
783 | 16,108 | |||
| Sechilienne-Sidec* |
379 | 12,006 | |||
| Societe Des Autoroutes Paris-Rhin-Rhone* |
216 | 13,763 | |||
| Societe Fonciere Financiere et de Participations FFP |
125 | 4,576 | |||
| Societe Generale* |
836 | 32,744 | |||
| Societe Television Francaise 1* |
963 | 7,545 | |||
| Technip S.A.* |
177 | 6,253 | |||
| Thales S.A.* |
492 | 18,643 | |||
| TOTAL S.A.* |
8,763 | 435,426 | |||
| Trigano S.A.* |
59 | 417 | |||
| Vallourec S.A.* |
116 | 10,752 | |||
| Veolia Environnement* |
1,297 | 27,070 | |||
| Vinci S.A. |
1,712 | 63,542 | |||
| Vivendi* |
5,766 | 152,536 | |||
| Wendel* |
159 | 4,201 | |||
| Investments | Shares | U.S. $ Value | |||
| Zodiac * |
237 | $ | 6,007 | ||
| Total France | 3,430,047 | ||||
| Germany – 11.1% | |||||
| Adidas AG* |
488 | 16,237 | |||
| Allianz SE* |
1,577 | 132,453 | |||
| Altana AG* |
726 | 12,434 | |||
| BASF SE* |
2,916 | 88,233 | |||
| Bayer AG* |
1,520 | 72,652 | |||
| Bayerische Motoren Werke AG* |
1,316 | 38,073 | |||
| Beate Uhse AG* |
2,067 | 1,647 | |||
| Beiersdorf AG* |
340 | 15,253 | |||
| Bilfinger Berger AG* |
43 | 1,625 | |||
| Celesio AG* |
789 | 14,540 | |||
| Cenit AG* |
513 | 1,825 | |||
| Comdirect Bank AG* |
650 | 4,747 | |||
| Daimler AG* |
3,100 | 78,531 | |||
| Deutsche Bank AG* |
2,747 | 110,510 | |||
| Deutsche Boerse AG* |
467 | 28,137 | |||
| Deutsche Lufthansa AG* |
2,569 | 27,867 | |||
| Deutsche Post AG* |
4,040 | 43,501 | |||
| Deutsche Telekom AG* |
23,240 | 288,501 | |||
| E.ON AG* |
4,425 | 122,848 | |||
| Epcos AG* |
77 | 1,939 | |||
| Fraport AG Frankfurt Airport Services Worldwide* |
126 | 4,053 | |||
| Fresenius Medical Care AG & Co. KGaA* |
935 | 36,323 | |||
| Generali Deutschland Holding AG* |
75 | 5,676 | |||
| H&R WASAG AG* |
259 | 2,710 | |||
| HCI Capital AG* |
86 | 162 | |||
| HeidelbergCement AG*(a) |
160 | 5,241 | |||
| Heidelberger Druckmaschinen AG* |
458 | 2,213 | |||
| Henkel AG & Co. KGaA* |
154 | 3,885 | |||
| Hochtief AG* |
89 | 3,369 | |||
| IDS Scheer AG* |
634 | 5,859 | |||
| Indus Holding AG* |
47 | 544 | |||
| K+S AG* |
72 | 3,339 | |||
| Kontron AG* |
175 | 1,687 | |||
| Lanxess AG* |
202 | 3,441 | |||
| Linde AG* |
196 | 13,319 | |||
| MAN AG*(a) |
458 | 19,945 | |||
| Merck KGaA* |
164 | 14,493 | |||
| Metro AG* |
586 | 19,334 | |||
| MLP AG* |
330 | 3,461 | |||
| MPC Muenchmeyer Petersen Capital AG* |
46 | 288 | |||
| MTU Aero Engines Holding AG* |
84 | 1,967 | |||
| Muenchener Rueckversicherungs AG* |
627 | 76,421 | |||
| Praktiker Bau- und Heimwerkermaerkte AG* |
121 | 636 | |||
| RWE AG* |
1,455 | 102,019 | |||
| Salzgitter AG* |
52 | 2,905 | |||
| SAP AG* |
819 | 29,011 | |||
| Siemens AG* |
1,500 | 85,657 | |||
| Suedzucker AG* |
233 | 4,489 | |||
| ThyssenKrupp AG* |
1,245 | 21,770 | |||
| Vivacon AG* |
1,835 | 5,116 | |||
See Notes to Financial Statements.
| 38 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Volkswagen AG* |
197 | $ | 60,498 | ||
| Wacker Chemie AG* |
52 | 4,317 | |||
| Wincor Nixdorf AG* |
85 | 3,849 | |||
| Total Germany | 1,649,550 | ||||
| Ireland – 0.3% | |||||
| C&C Group PLC |
840 | 1,450 | |||
| CRH PLC |
1,364 | 29,456 | |||
| DCC PLC |
141 | 2,134 | |||
| FBD Holdings PLC |
889 | 7,093 | |||
| FBD Holdings PLC Redemption Shares*† |
1,874 | 25 | |||
| Fyffes PLC |
3,328 | 906 | |||
| Glanbia PLC |
533 | 1,465 | |||
| Kerry Group PLC Class A |
161 | 3,260 | |||
| Total Ireland | 45,789 | ||||
| Italy – 8.1% | |||||
| A2A SpA* |
16,436 | 24,943 | |||
| ACEA SpA* |
282 | 3,370 | |||
| AcegasAps SpA* |
240 | 1,372 | |||
| Actelios SpA* |
72 | 302 | |||
| Alleanza Assicurazioni SpA* |
3,770 | 21,248 | |||
| Assicurazioni Generali SpA* |
3,064 | 52,478 | |||
| Atlantia SpA* |
1,501 | 22,679 | |||
| Autostrada Torino-Milano SpA* |
254 | 1,450 | |||
| Banca Carige SpA* |
9,188 | 30,131 | |||
| Banca IFIS SpA* |
148 | 1,287 | |||
| Banca Intermobiliare SpA* |
33 | 107 | |||
| Banca Monte dei Paschi di Siena SpA* |
48,098 | 66,542 | |||
| Banca Popolare dell’Etruria e del Lazio* |
938 | 4,359 | |||
| Banca Popolare di Milano S.c.r.l.* |
1,301 | 6,477 | |||
| Banco di Desio e della Brianza SpA* |
1,008 | 5,885 | |||
| Benetton Group SpA* |
128 | 834 | |||
| Cairo Communication SpA* |
3,299 | 8,454 | |||
| Cofide SpA* |
3,377 | 1,560 | |||
| Credito Artigiano SpA* |
1,716 | 4,597 | |||
| Credito Emiliano SpA* |
1,081 | 4,449 | |||
| Edison SpA* |
7,874 | 8,525 | |||
| Enel SpA* |
31,725 | 152,163 | |||
| ENI SpA* |
15,162 | 294,309 | |||
| ERG SpA* |
435 | 5,412 | |||
| Esprinet SpA* |
1,108 | 6,657 | |||
| Fiat SpA RSP* |
528 | 2,581 | |||
| Finmeccanica SpA* |
1,941 | 24,147 | |||
| Fondiaria-Sai SpA* |
260 | 3,038 | |||
| Fondiaria-Sai SpA RSP* |
605 | 5,743 | |||
| Gemina SpA* |
6,188 | 2,403 | |||
| Gruppo MutuiOnline SpA* |
759 | 3,399 | |||
| Intesa Sanpaolo SpA RSP* |
3,673 | 6,910 | |||
| Lottomatica SpA* |
349 | 5,736 | |||
| Mediaset SpA* |
6,531 | 29,114 | |||
| Mediobanca SpA* |
1,882 | 15,967 | |||
| Mediolanum SpA* |
1,437 | 4,961 | |||
| Milano Assicurazioni SpA* |
2,154 | 4,956 | |||
| Milano Assicurazioni SpA RSP* |
1,564 | 4,028 | |||
| Investments | Shares | U.S. $ Value | |||
| Nice SpA* |
1,444 | $ | 4,103 | ||
| Panariagroup Industrie Ceramiche SpA* |
1,946 | 3,178 | |||
| Parmalat SpA* |
7,450 | 15,341 | |||
| Piaggio & C. SpA* |
5,382 | 6,817 | |||
| Piccolo Credito Valtellinese S.c.r.l.* |
647 | 5,240 | |||
| Pirelli & C. SpA RSP* |
5,635 | 1,478 | |||
| Premafin Finanziaria SpA* |
7,700 | 10,223 | |||
| Recordati SpA* |
5,157 | 28,072 | |||
| SAES Getters SpA* |
161 | 1,433 | |||
| SAES Getters SpA RSP* |
305 | 2,592 | |||
| Safilo Group SpA* |
4,500 | 2,357 | |||
| Saipem SpA* |
389 | 6,921 | |||
| Saras SpA* |
2,801 | 7,334 | |||
| Snam Rete Gas SpA* |
9,710 | 52,084 | |||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
146 | 3,425 | |||
| Sogefi SpA* |
1,619 | 1,576 | |||
| Telecom Italia SpA* |
64,225 | 82,799 | |||
| Telecom Italia SpA RSP* |
34,140 | 34,744 | |||
| Terna Rete Elettrica Nazionale SpA* |
15,157 | 47,191 | |||
| Unione di Banche Italiane SCPA* |
3,468 | 38,194 | |||
| Total Italy | 1,197,675 | ||||
| Netherlands – 2.9% | |||||
| Akzo Nobel N.V.* |
789 | 29,850 | |||
| ASML Holding N.V.* |
391 | 6,930 | |||
| Ballast Nedam N.V. CVA* |
362 | 6,967 | |||
| Beter BED Holding N.V.* |
196 | 1,963 | |||
| Brunel International* |
286 | 3,607 | |||
| CSM* |
159 | 1,855 | |||
| European Aeronautic Defence and Space Co.EADS N.V.* |
1,233 | 14,341 | |||
| Fugro N.V. CVA* |
68 | 2,162 | |||
| Heijmans N.V. CVA* |
353 | 2,029 | |||
| Heineken Holding N.V. |
601 | 14,594 | |||
| Heineken N.V.* |
545 | 15,485 | |||
| Koninklijke Ahold N.V.* |
825 | 9,037 | |||
| Koninklijke BAM Groep N.V.* |
379 | 3,367 | |||
| Koninklijke Boskalis Westminster N.V.* |
450 | 9,040 | |||
| Koninklijke DSM N.V.* |
508 | 13,365 | |||
| Koninklijke KPN N.V.* |
6,723 | 89,797 | |||
| Koninklijke Philips Electronics N.V.*(a) |
2,288 | 33,659 | |||
| Macintosh Retail Group N.V.* |
208 | 1,963 | |||
| Reed Elsevier N.V. |
1,527 | 16,349 | |||
| SBM Offshore N.V.* |
754 | 10,041 | |||
| TNT N.V.* |
935 | 15,989 | |||
| Unilever N.V. CVA* |
5,031 | 99,193 | |||
| USG People N.V.* |
399 | 3,204 | |||
| Wavin N.V. |
440 | 1,443 | |||
| Wolters Kluwer N.V.* |
905 | 14,671 | |||
| Total Netherlands | 420,901 | ||||
| Norway – 1.0% | |||||
| ABG Sundal Collier Holding ASA* |
7,000 | 4,478 | |||
| Aker ASA Class A* |
280 | 5,329 | |||
| Aker Solutions ASA* |
500 | 3,225 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 39 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Ekornes ASA* |
400 | $ | 3,851 | ||
| Fred Olsen Energy ASA* |
100 | 2,740 | |||
| Orkla ASA* |
2,405 | 16,456 | |||
| Sparebank 1 SMN* |
2,480 | 8,925 | |||
| Sparebank 1 SR Bank* |
1,920 | 6,681 | |||
| Sparebanken 1 Nord-Norge* |
750 | 5,776 | |||
| StatoilHydro ASA* |
4,729 | 83,274 | |||
| Veidekke ASA* |
400 | 1,777 | |||
| Yara International ASA* |
351 | 7,655 | |||
| Total Norway | 150,167 | ||||
| Portugal – 0.9% | |||||
| Banco BPI S.A. Registered Shares* |
1,373 | 2,742 | |||
| Banco Espirito Santo S.A.*(a) |
1,491 | 5,800 | |||
| BANIF SGPS S.A.* |
1,226 | 1,677 | |||
| BRISA* |
1,580 | 10,908 | |||
| Cimpor Cimentos de Portugal SGPS S.A.* |
824 | 4,098 | |||
| Energias de Portugal S.A.* |
8,437 | 29,270 | |||
| Galp Energia, SGPS, S.A. Class B* |
531 | 6,331 | |||
| Jeronimo Martins, SGPS, S.A.* |
998 | 4,913 | |||
| Mota Engil, SGPS, S.A.* |
691 | 2,312 | |||
| Portucel-Empresa Produtora De Pasta E Papel, S.A.* |
1,681 | 3,223 | |||
| Portugal Telecom, SGPS, S.A. |
5,449 | 42,178 | |||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
1,706 | 2,446 | |||
| Semapa-Sociedade de Investimento e Gestao* |
545 | 4,595 | |||
| Sonae* |
7,029 | 4,769 | |||
| Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.* |
1,687 | 8,982 | |||
| Total Portugal | 134,244 | ||||
| Spain – 8.4% | |||||
| Abertis Infraestructuras, S.A.* |
1,360 | 21,253 | |||
| Acciona, S.A.* |
143 | 14,705 | |||
| Acerinox S.A. |
156 | 1,812 | |||
| ACS Actividades de Construccion y Servicios, S.A.* |
1,233 | 51,142 | |||
| Adolfo Dominguez S.A. |
138 | 1,011 | |||
| Antena 3 de Television S.A.* |
1,704 | 6,787 | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
13,980 | 113,409 | |||
| Banco de Sabadell S.A.* |
3,122 | 15,668 | |||
| Banco Espanol de Credito S.A.* |
2,034 | 16,257 | |||
| Banco Guipuzcoano S.A. |
1,908 | 12,413 | |||
| Banco Popular Espanol S.A.* |
3,448 | 21,837 | |||
| Banco Santander S.A.* |
26,818 | 184,035 | |||
| Bankinter, S.A.* |
1,654 | 17,502 | |||
| Bolsas y Mercados Espanoles* |
161 | 3,722 | |||
| Cementos Portland Valderrivas S.A.(a) |
77 | 1,815 | |||
| Cia Espanola de Petroleos S.A.* |
280 | 11,800 | |||
| Corparcion Financiera Alba* |
216 | 8,116 | |||
| Enagas*(a) |
354 | 5,015 | |||
| Endesa S.A.* |
2,323 | 43,426 | |||
| Fomento de Construcciones y Contratas S.A.* |
380 | 11,629 | |||
| Gas Natural SDG S.A.*(a) |
857 | 11,708 | |||
| Gestevision Telecinco S.A.* |
2,337 | 16,197 | |||
| Grupo Catalana Occidente S.A.* |
1,242 | 14,693 | |||
| Grupo Ferrovial, S.A.* |
390 | 8,316 | |||
| Investments | Shares | U.S. $ Value | |||
| Iberdrola S.A.* |
10,393 | $ | 72,858 | ||
| Iberia Lineas Aereas de Espana* |
6,925 | 14,527 | |||
| Inditex S.A.* |
1,676 | 65,310 | |||
| Indra Sistemas S.A.* |
791 | 15,249 | |||
| Mapfre S.A.* |
4,688 | 10,270 | |||
| Prosegur Cia de Seguridad, S.A. |
448 | 12,063 | |||
| Red Electrica Corp S.A.* |
332 | 12,959 | |||
| Renta Corp. Real Estate S.A. |
597 | 1,411 | |||
| Repsol YPF S.A.* |
3,201 | 55,377 | |||
| Sacyr Vallehermoso, S.A.* |
1,284 | 9,888 | |||
| Telefonica S.A.* |
14,593 | 291,014 | |||
| Union Fenosa S.A.* |
2,416 | 57,739 | |||
| Uralita S.A.* |
1,157 | 6,529 | |||
| Zardoya Otis, S.A.* |
626 | 11,445 | |||
| Total Spain | 1,250,907 | ||||
| Sweden – 3.9% | |||||
| AB Volvo Class A* |
2,334 | 12,365 | |||
| AB Volvo Class B*(a) |
6,071 | 32,091 | |||
| Alfa Laval AB* |
2,021 | 15,217 | |||
| Assa Abloy AB Class B* |
1,000 | 9,314 | |||
| Atlas Copco AB Class A*(a) |
2,001 | 14,946 | |||
| Atlas Copco AB Class B* |
1,501 | 10,167 | |||
| Boliden AB* |
1,232 | 6,318 | |||
| Cardo AB* |
333 | 5,599 | |||
| Castellum AB* |
915 | 5,124 | |||
| Connecta AB |
333 | 1,853 | |||
| D. Carnegie AB*† |
1,799 | 3,873 | |||
| Fabege AB* |
768 | 2,694 | |||
| Getinge AB Class B* |
1,071 | 10,331 | |||
| Hakon Invest AB |
260 | 2,162 | |||
| Hemtex AB* |
832 | 1,530 | |||
| Hennes & Mauritz AB Class B*(a) |
2,311 | 86,376 | |||
| Hexagon AB Class B* |
1,500 | 7,258 | |||
| Holmen AB Class B Series* |
250 | 4,135 | |||
| Kinnevik Investment AB Class B* |
928 | 7,100 | |||
| Kungsleden AB* |
1,818 | 6,949 | |||
| Lundbergforetagen AB Class B* |
250 | 8,013 | |||
| Meda AB Class A* |
144 | 850 | |||
| Mekonomen AB* |
250 | 2,601 | |||
| NCC AB Class B* |
449 | 3,204 | |||
| Nibe Industrier AB Class B* |
1,179 | 7,273 | |||
| Nobia AB* |
1,331 | 3,059 | |||
| Nordea Bank AB* |
9,996 | 49,573 | |||
| Nordnet AB Class B* |
1,369 | 1,855 | |||
| Rederi AB Transatlantic* |
459 | 1,344 | |||
| Sandvik AB*(a) |
2,999 | 17,086 | |||
| Scania AB Class A* |
1,751 | 14,032 | |||
| Scania AB Class B* |
2,001 | 16,217 | |||
| Securitas AB Class B* |
1,000 | 7,258 | |||
| Skanska AB Class B* |
1,167 | 10,022 | |||
| SKF AB Class B* |
1,000 | 8,618 | |||
| SSAB Svenskt Stal AB Series A* |
751 | 6,359 | |||
| Svenska Cellulosa AB Class B* |
1,667 | 12,602 | |||
| Svenska Handelsbanken AB Class A* |
2,160 | 30,438 | |||
See Notes to Financial Statements.
| 40 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Swedbank AB Class A* |
1,999 | $ | 6,649 | ||
| Swedish Match AB* |
2 | 29 | |||
| Tele2 AB Class B* |
875 | 7,356 | |||
| Telefonaktiebolaget LM Ericsson Class A* |
499 | 4,044 | |||
| Telefonaktiebolaget LM Ericsson Class B* |
6,733 | 54,973 | |||
| TeliaSonera AB*(a) |
11,083 | 53,087 | |||
| Total Sweden | 571,944 | ||||
| Switzerland – 7.5% | |||||
| Adecco S.A.* |
405 | 12,673 | |||
| Aryzta AG* |
70 | 1,637 | |||
| Baloise Holding AG* |
60 | 3,844 | |||
| Bank Sarasin & Cie AG Class B* |
93 | 1,959 | |||
| Ciba Holding AG* |
676 | 29,512 | |||
| Compagnie Financiere Richemont S.A. Class A* |
921 | 14,402 | |||
| Credit Suisse Group AG* |
3,709 | 113,059 | |||
| EFG International AG |
138 | 1,030 | |||
| Geberit AG* |
42 | 3,779 | |||
| Givaudan S.A.* |
30 | 15,567 | |||
| Helvetia Holding AG |
20 | 4,265 | |||
| Highlight Communications AG* |
106 | 598 | |||
| Holcim Ltd.* |
685 | 24,447 | |||
| Huber & Suhner AG* |
250 | 6,376 | |||
| Julius Baer Holding AG* |
247 | 6,082 | |||
| Kudelski S.A.* |
648 | 6,166 | |||
| Kuehne + Nagel International AG* |
345 | 20,162 | |||
| Lonza Group AG* |
8 | 792 | |||
| Mobilezone Holding AG* |
706 | 4,253 | |||
| Nestle S.A.* |
6,954 | 235,337 | |||
| Nobel Biocare Holding AG* |
87 | 1,486 | |||
| Novartis AG* |
5,289 | 200,387 | |||
| Panalpina Welttransport Holding AG* |
82 | 4,031 | |||
| Roche Holding AG* |
1,253 | 172,128 | |||
| SGS S.A.* |
7 | 7,357 | |||
| Sulzer AG* |
25 | 1,291 | |||
| Swatch Group AG (The)* |
68 | 1,666 | |||
| Swatch Group AG (The) Class B* |
106 | 12,818 | |||
| Swiss Reinsurance* |
1,306 | 21,410 | |||
| Swisscom AG* |
227 | 63,835 | |||
| Swissquote Group Holding S.A.* |
250 | 9,015 | |||
| Syngenta AG* |
82 | 16,543 | |||
| Tecan Group AG* |
151 | 4,050 | |||
| Vontobel Holding AG* |
559 | 10,373 | |||
| Zurich Financial Services AG* |
524 | 82,998 | |||
| Total Switzerland | 1,115,328 | ||||
| United Kingdom – 26.3% | |||||
| Admiral Group PLC |
186 | 2,275 | |||
| Amlin PLC |
211 | 1,040 | |||
| Associated British Foods PLC |
1,033 | 9,484 | |||
| AstraZeneca PLC |
4,916 | 172,706 | |||
| Aviva PLC |
12,013 | 37,236 | |||
| BAE Systems PLC |
13,995 | 67,100 | |||
| BBA Aviation PLC |
2,125 | 2,513 | |||
| Bellway PLC |
915 | 8,886 | |||
| Investments | Shares | U.S. $ Value | |||
| BG Group PLC |
2,130 | $ | 32,210 | ||
| BHP Billiton PLC |
2,908 | 57,729 | |||
| BP PLC |
62,436 | 421,958 | |||
| Braemar Shipping Services PLC |
630 | 1,996 | |||
| Brewin Dolphin Holdings PLC |
1,113 | 1,882 | |||
| Brit Insurance Holdings PLC* |
1,658 | 4,290 | |||
| British American Tobacco PLC |
6,536 | 151,112 | |||
| British Polythene Industries |
1,871 | 3,272 | |||
| British Sky Broadcasting Group PLC |
6,845 | 42,532 | |||
| BT Group PLC |
48,216 | 54,044 | |||
| Cable & Wireless PLC |
10,148 | 20,291 | |||
| Cadbury PLC |
3,355 | 25,343 | |||
| Centrica PLC |
18,037 | 58,881 | |||
| Chesnara PLC |
1,504 | 2,867 | |||
| Close Brothers Group PLC |
1,765 | 13,585 | |||
| Collins Stewart PLC |
7,146 | 6,965 | |||
| Compass Group PLC |
7,748 | 35,427 | |||
| Debenhams PLC |
17,890 | 12,308 | |||
| Diageo PLC |
9,345 | 105,349 | |||
| DS Smith PLC |
1,387 | 994 | |||
| Electrocomponents PLC |
3,486 | 6,258 | |||
| Enterprise Inns PLC |
2,853 | 2,771 | |||
| Findel PLC |
2,248 | 2,449 | |||
| Firstgroup PLC |
1,778 | 6,817 | |||
| Friends Provident PLC* |
13,543 | 13,452 | |||
| Galliford Try PLC |
14,600 | 8,371 | |||
| GlaxoSmithKline PLC |
19,972 | 311,317 | |||
| Hays PLC |
4,537 | 4,731 | |||
| HMV Group PLC |
2,547 | 4,737 | |||
| Home Retail Group PLC |
4,449 | 14,332 | |||
| HSBC Holdings PLC |
51,804 | 293,301 | |||
| Hunting PLC |
347 | 1,986 | |||
| IMI PLC |
677 | 2,632 | |||
| Imperial Tobacco Group PLC |
2,638 | 59,251 | |||
| Informa PLC |
810 | 3,048 | |||
| Inmarsat PLC |
1,117 | 7,833 | |||
| Intercontinental Hotels Group PLC |
455 | 3,463 | |||
| International Power PLC |
1,517 | 4,577 | |||
| Investec PLC |
1,278 | 5,349 | |||
| J. Sainsbury PLC |
3,664 | 16,438 | |||
| James Fisher & Sons PLC |
506 | 2,961 | |||
| Kier Group PLC |
105 | 1,332 | |||
| Kingfisher PLC |
9,461 | 20,301 | |||
| Ladbrokes PLC |
2,499 | 6,564 | |||
| Lavendon Group PLC |
543 | 1,296 | |||
| Legal & General Group PLC |
23,705 | 14,610 | |||
| Logica PLC |
2,853 | 2,607 | |||
| Luminar Group Holdings PLC |
1,257 | 2,216 | |||
| Man Group PLC |
3,444 | 10,786 | |||
| Management Consulting Group PLC |
6,608 | 2,841 | |||
| Marks & Spencer Group PLC |
11,780 | 49,979 | |||
| Meggitt PLC |
1,738 | 3,195 | |||
| Michael Page International PLC |
1,221 | 3,216 | |||
| Millennium & Copthorne Hotels PLC |
483 | 1,191 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Mondi PLC |
1,168 | $ | 2,478 | ||
| National Grid PLC |
9,800 | 75,221 | |||
| Next PLC |
532 | 10,096 | |||
| Northgate PLC |
825 | 772 | |||
| Paragon Group of Cos. PLC |
3,856 | 2,487 | |||
| Pearson PLC |
5,744 | 57,756 | |||
| Pendragon PLC |
28,272 | 2,897 | |||
| Provident Financial PLC |
3,322 | 39,831 | |||
| Prudential PLC |
9,137 | 44,135 | |||
| Reckitt Benckiser Group PLC |
1,733 | 65,056 | |||
| Reed Elsevier PLC |
5,606 | 40,257 | |||
| Renishaw PLC |
528 | 1,881 | |||
| Rexam PLC |
1,931 | 7,473 | |||
| Rio Tinto PLC |
1,030 | 34,694 | |||
| Robert Walters PLC |
1,833 | 2,017 | |||
| Royal Dutch Shell PLC Class A |
10,061 | 226,553 | |||
| Royal Dutch Shell PLC Class B |
7,307 | 160,349 | |||
| RSA Insurance Group PLC* |
11,668 | 21,758 | |||
| SABMiller PLC |
3,664 | 54,461 | |||
| Sage Group PLC (The) |
11,622 | 28,186 | |||
| Savills PLC |
1,631 | 5,511 | |||
| Scottish & Southern Energy PLC |
3,447 | 54,793 | |||
| Shore Capital Group PLC* |
6,526 | 1,310 | |||
| Smiths Group PLC |
949 | 9,100 | |||
| Smiths News PLC |
11,438 | 13,526 | |||
| Standard Chartered PLC |
3,977 | 49,394 | |||
| Standard Life PLC |
7,236 | 17,227 | |||
| Sthree PLC |
1,259 | 3,140 | |||
| Tate & Lyle PLC |
998 | 3,726 | |||
| Tesco PLC |
19,706 | 94,171 | |||
| Thomas Cook Group PLC |
921 | 3,168 | |||
| Thomson Reuters PLC* |
627 | 14,020 | |||
| Tomkins PLC |
5,517 | 9,588 | |||
| TUI Travel PLC |
2,278 | 7,469 | |||
| Tullow Oil PLC |
82 | 944 | |||
| Unilever PLC |
4,327 | 81,744 | |||
| United Utilities Group PLC |
1,042 | 7,221 | |||
| Venture Production PLC |
271 | 3,104 | |||
| Vodafone Group PLC |
212,661 | 374,164 | |||
| Whitbread PLC |
478 | 5,399 | |||
| William Hill PLC |
1,128 | 2,753 | |||
| Wm. Morrison Supermarkets PLC |
2,403 | 8,800 | |||
| Total United Kingdom | 3,899,113 | ||||
| TOTAL COMMON STOCKS (Cost: $27,576,813) |
14,622,442 | ||||
| RIGHTS – 0.0% | |||||
| Finland – 0.0% | |||||
| Pohjola Bank PLC., expiring 4/24/09* |
504 | 683 | |||
| Spain – 0.0% | |||||
| Mapfre S.A., expiring 4/01/09* |
5,633 | 75 | |||
| TOTAL RIGHTS (Cost: $1,833) |
758 | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $27,578,646) |
14,623,200 | ||||
| Investments | Shares | U.S. $ Value | ||||
| SHORT-TERM INVESTMENT – 0.9% | ||||||
| MONEY MARKET FUND – 0.9% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $129,539) |
129,539 | $ | 129,539 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.3% | ||||||
| MONEY MARKET FUND – 2.3% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $342,026)(d) |
342,026 | 342,026 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 101.8% (Cost: $28,050,211) |
15,094,765 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (1.8)% |
(261,109 | ) | ||||
| NET ASSETS – 100.0% | $ | 14,833,656 | ||||
| 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. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $333,516 and the total market value of the collateral held by the Fund was $342,026. |
See Notes to Financial Statements.
| 42 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Europe Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.4% | |||||
| Austria – 0.5% | |||||
| Oesterreichische Post AG* |
878 | $ | 26,077 | ||
| Telekom Austria AG* |
5,116 | 77,435 | |||
| Total Austria | 103,512 | ||||
| Belgium – 2.7% | |||||
| Anheuser-Busch InBev N.V.* |
9,747 | 268,463 | |||
| Belgacom S.A.* |
5,111 | 160,147 | |||
| Cofinimmo* |
155 | 16,515 | |||
| Compagnie Maritime Belge S.A.* |
787 | 17,209 | |||
| Mobistar S.A.* |
742 | 46,844 | |||
| Total Belgium | 509,178 | ||||
| Denmark – 0.1% | |||||
| D/S Norden* |
710 | 19,839 | |||
| Finland – 2.5% | |||||
| Alma Media Corp. |
2,337 | 16,228 | |||
| Elisa Oyj* |
2,012 | 29,358 | |||
| Kesko Oyj Class B* |
1,066 | 22,122 | |||
| Metso Oyj* |
1,816 | 21,459 | |||
| Neste Oil Oyj*(a) |
3,116 | 41,454 | |||
| Orion Oyj Class B*(a) |
1,937 | 28,032 | |||
| Pohjola Bank PLC* |
2,450 | 14,443 | |||
| Rautaruukki Oyj* |
1,811 | 28,998 | |||
| Sampo Oyj Class A* |
7,421 | 109,564 | |||
| Sanoma Oyj* |
2,299 | 29,364 | |||
| Stora Enso Oyj Class R* |
9,416 | 33,379 | |||
| UPM-Kymmene Oyj*(a) |
7,067 | 40,815 | |||
| Uponor Oyj* |
2,555 | 23,848 | |||
| Wartsila Oyj* |
1,147 | 24,198 | |||
| Total Finland | 463,262 | ||||
| France – 32.1% | |||||
| AXA S.A.* |
30,517 | 366,683 | |||
| BNP Paribas* |
12,987 | 536,597 | |||
| Cie de Saint-Gobain* |
4,886 | 137,008 | |||
| Credit Agricole S.A.* |
38,522 | 425,123 | |||
| Etablissements Maurel et Prom* |
3,117 | 42,129 | |||
| Euler Hermes S.A.* |
1,250 | 41,242 | |||
| Fonciere Des Regions* |
682 | 32,014 | |||
| France Telecom S.A.* |
48,195 | 1,097,403 | |||
| Legrand S.A.* |
3,130 | 54,377 | |||
| M6-Metropole Television* |
2,633 | 42,964 | |||
| Neopost S.A.* |
494 | 38,307 | |||
| Nexity |
1,697 | 36,275 | |||
| PagesJaunes Groupe |
7,542 | 63,756 | |||
| Peugeot S.A.* |
2,680 | 50,669 | |||
| PPR* |
1,546 | 99,101 | |||
| Rallye S.A. |
683 | 12,278 | |||
| Sanofi-Aventis S.A.* |
17,213 | 968,540 | |||
| Schneider Electric S.A.* |
2,804 | 186,553 | |||
| SCOR SE* |
2,564 | 52,748 | |||
| Societe BIC S.A.* |
725 | 35,611 | |||
| Societe Immobiliere de Location pour l’Industrie et le Commerce* |
274 | 20,551 | |||
| Investments | Shares | U.S. $ Value | |||
| Societe Television Francaise 1* |
4,710 | $ | 36,902 | ||
| TOTAL S.A.* |
24,169 | 1,200,938 | |||
| Vallourec S.A.* |
489 | 45,324 | |||
| Vivendi* |
15,200 | 402,107 | |||
| Total France | 6,025,200 | ||||
| Germany – 6.6% | |||||
| Comdirect Bank AG* |
2,150 | 15,700 | |||
| Deutsche Bank AG* |
7,832 | 315,076 | |||
| Deutsche Lufthansa AG* |
7,591 | 82,342 | |||
| Deutsche Telekom AG* |
64,211 | 797,116 | |||
| Heidelberger Druckmaschinen AG* |
1,764 | 8,525 | |||
| Norddeutsche Affinerie AG* |
594 | 15,071 | |||
| Total Germany | 1,233,830 | ||||
| Italy – 13.4% | |||||
| Alleanza Assicurazioni SpA* |
10,784 | 60,780 | |||
| Banca Intermobiliare SpA* |
4,720 | 15,353 | |||
| Banca Monte dei Paschi di Siena SpA* |
143,024 | 197,868 | |||
| Banca Popolare di Milano S.c.r.l.* |
5,722 | 28,489 | |||
| Credito Emiliano SpA* |
4,724 | 19,443 | |||
| Enel SpA* |
85,845 | 411,740 | |||
| ENI SpA* |
41,841 | 812,175 | |||
| Gemina SpA* |
28,585 | 11,101 | |||
| Intesa Sanpaolo SpA RSP* |
19,436 | 36,566 | |||
| Mediaset SpA* |
22,272 | 99,283 | |||
| Mediobanca SpA* |
8,646 | 73,353 | |||
| Mediolanum SpA* |
10,022 | 34,596 | |||
| Milano Assicurazioni SpA* |
9,384 | 21,592 | |||
| Parmalat SpA* |
32,232 | 66,374 | |||
| Snam Rete Gas SpA* |
23,120 | 124,014 | |||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
779 | 18,276 | |||
| Telecom Italia SpA* |
168,820 | 217,642 | |||
| Telecom Italia SpA RSP* |
108,729 | 110,652 | |||
| Terna Rete Elettrica Nazionale SpA* |
21,059 | 65,566 | |||
| Unione di Banche Italiane SCPA* |
8,074 | 88,921 | |||
| Total Italy | 2,513,784 | ||||
| Netherlands – 0.2% | |||||
| Exact Holding N.V.* |
613 | 12,281 | |||
| Koninklijke BAM Groep N.V.* |
2,838 | 25,212 | |||
| Total Netherlands | 37,493 | ||||
| Norway – 0.2% | |||||
| ABG Sundal Collier Holding ASA* |
28,661 | 18,337 | |||
| Aker ASA Class A* |
1,429 | 27,196 | |||
| Total Norway | 45,533 | ||||
| Portugal – 0.8% | |||||
| Banco BPI S.A. Registered Shares* |
12,654 | 25,268 | |||
| Portugal Telecom, SGPS, S.A. |
15,096 | 116,851 | |||
| Total Portugal | 142,119 | ||||
| Spain – 5.8% | |||||
| Antena 3 de Television S.A.* |
6,705 | 26,707 | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
40,034 | 324,766 | |||
| Banco Espanol de Credito S.A.* |
7,531 | 60,193 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 43 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Banco Santander S.A.* |
75,040 | $ | 515,256 | ||
| Bolsas y Mercados Espanoles* |
1,370 | 31,668 | |||
| Cementos Portland Valderrivas S.A.(a) |
545 | 12,844 | |||
| Gestevision Telecinco S.A.* |
7,986 | 55,348 | |||
| Iberia Lineas Aereas de Espana* |
19,441 | 40,782 | |||
| Uralita S.A.* |
4,606 | 25,990 | |||
| Total Spain | 1,093,554 | ||||
| Sweden – 3.0% | |||||
| AB Volvo Class A*(a) |
9,154 | 48,498 | |||
| AB Volvo Class B*(a) |
18,478 | 97,672 | |||
| Axfood AB* |
688 | 12,566 | |||
| Boliden AB*(a) |
5,755 | 29,515 | |||
| D. Carnegie AB*† |
5,700 | 12,272 | |||
| Fabege AB* |
4,659 | 16,343 | |||
| Hakon Invest AB |
2,107 | 17,522 | |||
| Holmen AB Class B Series*(a) |
1,210 | 20,015 | |||
| Kungsleden AB* |
6,055 | 23,144 | |||
| Nordea Bank AB*(a) |
26,141 | 129,641 | |||
| Skanska AB Class B*(a) |
4,965 | 42,640 | |||
| Svenska Handelsbanken AB Class A* |
6,706 | 94,499 | |||
| Swedbank AB Class A*(a) |
7,532 | 25,054 | |||
| Total Sweden | 569,381 | ||||
| Switzerland – 2.8% | |||||
| Ciba Holding AG* |
1,160 | 50,642 | |||
| Swiss Reinsurance* |
4,066 | 66,655 | |||
| Swisscom AG* |
534 | 150,166 | |||
| Vontobel Holding AG* |
947 | 17,573 | |||
| Zurich Financial Services AG* |
1,478 | 234,104 | |||
| Total Switzerland | 519,140 | ||||
| United Kingdom – 26.7% | |||||
| Amlin PLC |
7,236 | 35,679 | |||
| AstraZeneca PLC |
13,962 | 490,505 | |||
| Aviva PLC |
34,254 | 106,174 | |||
| Bellway PLC |
2,741 | 26,618 | |||
| Brit Insurance Holdings PLC* |
7,716 | 19,963 | |||
| BT Group PLC |
133,332 | 149,449 | |||
| Cable & Wireless PLC |
29,249 | 58,484 | |||
| Carpetright PLC |
2,404 | 14,240 | |||
| Centrica PLC |
36,864 | 120,341 | |||
| Close Brothers Group PLC |
3,562 | 27,417 | |||
| Dairy Crest Group PLC |
3,517 | 13,271 | |||
| Debenhams PLC |
37,893 | 26,071 | |||
| Electrocomponents PLC |
14,248 | 25,579 | |||
| Friends Provident PLC* |
37,875 | 37,622 | |||
| GlaxoSmithKline PLC |
56,763 | 884,804 | |||
| Hays PLC |
22,921 | 23,901 | |||
| Home Retail Group PLC |
14,735 | 47,468 | |||
| HSBC Holdings PLC |
145,418 | 823,318 | |||
| Informa PLC |
5,046 | 18,986 | |||
| Investec PLC |
8,449 | 35,362 | |||
| Jardine Lloyd Thompson Group PLC |
3,300 | 20,741 | |||
| Kingfisher PLC |
34,896 | 74,877 | |||
| Ladbrokes PLC |
9,162 | 24,065 | |||
| Investments | Shares | U.S. $ Value | ||||
| Legal & General Group PLC |
80,411 | $ | 49,560 | |||
| Logica PLC |
21,271 | 19,437 | ||||
| Marks & Spencer Group PLC |
24,776 | 105,117 | ||||
| Misys PLC |
7,836 | 14,152 | ||||
| Mondi PLC |
6,724 | 14,264 | ||||
| National Grid PLC |
26,680 | 204,785 | ||||
| Next PLC |
2,756 | 52,302 | ||||
| Pearson PLC |
8,744 | 87,920 | ||||
| Provident Financial PLC |
2,883 | 34,567 | ||||
| Rexam PLC |
8,567 | 33,155 | ||||
| RSA Insurance Group PLC* |
37,202 | 69,374 | ||||
| Standard Life PLC |
24,233 | 57,694 | ||||
| Tate & Lyle PLC |
6,684 | 24,957 | ||||
| Thomson Reuters PLC* |
2,517 | 56,281 | ||||
| Tomkins PLC |
22,106 | 38,419 | ||||
| Vodafone Group PLC |
589,744 | 1,037,618 | ||||
| William Hill PLC |
7,241 | 17,670 | ||||
| Total United Kingdom | 5,022,207 | |||||
| TOTAL COMMON STOCKS (Cost: $33,241,057) |
18,298,032 | |||||
| RIGHTS – 0.0% | ||||||
| Finland – 0.0% | ||||||
| Pohjola Bank PLC., expiring 4/24/09* (Cost: $7,818) |
2,450 | 3,318 | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $33,248,875) |
18,301,350 | |||||
| SHORT-TERM INVESTMENT – 1.9% | ||||||
| MONEY MARKET FUND – 1.9% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $355,079) |
355,079 | 355,079 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6% | ||||||
| MONEY MARKET FUND – 2.6% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $484,037)(d) |
484,037 | 484,037 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 101.9% (Cost: $34,087,991) |
19,140,466 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (1.9)% |
(353,721 | ) | ||||
| NET ASSETS – 100.0% | $ | 18,786,745 | ||||
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. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $471,902 and the total market value of the collateral held by the Fund was $484,037. |
See Notes to Financial Statements.
| 44 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Europe SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 99.4% | |||||
| Austria – 0.6% | |||||
| A&T Austria Technologie & Systemtechnik AG* |
2,029 | $ | 7,947 | ||
| BWT AG* |
452 | 8,882 | |||
| Palfinger AG* |
2,316 | 25,799 | |||
| POLYTEC Holding AG* |
1,527 | 2,798 | |||
| Schoeller-Bleckmann Oilfield Equipment AG* |
435 | 12,527 | |||
| Zumtobel AG* |
2,838 | 20,535 | |||
| Total Austria | 78,488 | ||||
| Belgium – 1.2% | |||||
| Compagnie d’Entreprises CFE* |
508 | 12,208 | |||
| EVS Broadcast Equipment S.A.* |
1,117 | 36,631 | |||
| Melexis N.V.* |
5,111 | 23,751 | |||
| Omega Pharma S.A.* |
1,024 | 22,521 | |||
| Recticel S.A.* |
1,756 | 5,176 | |||
| Tessenderlo Chemie N.V.* |
2,170 | 65,977 | |||
| Total Belgium | 166,264 | ||||
| Denmark – 0.9% | |||||
| Auriga Industries Class B* |
1,159 | 20,040 | |||
| Bang & Olufsen A/S Class B* |
2,532 | 32,046 | |||
| Dalhoff Larsen & Horneman A/S Class B* |
1,231 | 3,028 | |||
| East Asiatic Co., Ltd. A/S* |
926 | 26,163 | |||
| IC Companys A/S* |
850 | 9,849 | |||
| Rockwool International A/S Class B* |
402 | 24,436 | |||
| Total Denmark | 115,562 | ||||
| Finland – 7.9% | |||||
| Ahlstrom Oyj* |
6,963 | 57,410 | |||
| Alma Media Corp. |
16,556 | 114,963 | |||
| Amer Sports Oyj Class A* |
7,606 | 50,391 | |||
| Citycon Oyj* |
5,819 | 11,280 | |||
| Comptel PLC* |
14,960 | 12,116 | |||
| Fiskars Oyj Abp Class A* |
8,322 | 73,477 | |||
| F-Secure Oyj* |
8,786 | 23,914 | |||
| HKScan Oyj* |
2,305 | 11,354 | |||
| Huhtamaki Oyj* |
17,146 | 116,556 | |||
| Kemira Oyj* |
15,483 | 99,289 | |||
| Lassila & Tikanoja Oyj* |
2,851 | 35,657 | |||
| Oriola-KD Oyj Class B |
4,696 | 10,599 | |||
| PKC Group Oyj* |
2,347 | 8,413 | |||
| Poyry Oyj* |
4,481 | 58,066 | |||
| Raisio PLC Class V* |
10,745 | 21,257 | |||
| Rapala VMC Oyj* |
3,638 | 19,079 | |||
| Stockmann Oyj Abp Class B* |
3,407 | 46,954 | |||
| Talentum Oyj* |
7,287 | 15,964 | |||
| Technopolis PLC* |
2,970 | 9,267 | |||
| Teleste Oyj* |
1,911 | 8,068 | |||
| Tietoenator Oyj* |
5,876 | 60,930 | |||
| Uponor Oyj* |
21,654 | 202,113 | |||
| Total Finland | 1,067,117 | ||||
| France – 4.4% | |||||
| ABC Arbitrage* |
8,499 | 68,946 | |||
| Assystem* |
2,771 | 19,499 | |||
| Investments | Shares | U.S. $ Value | |||
| Avenir Telecom* |
10,352 | $ | 6,597 | ||
| Canal Plus* |
16,630 | 103,774 | |||
| Carbone Lorraine* |
935 | 21,576 | |||
| Derichebourg* |
7,463 | 16,349 | |||
| GFI Informatique* |
7,632 | 23,002 | |||
| Groupe Steria SCA* |
1,904 | 26,885 | |||
| Haulotte Group* |
2,125 | 8,915 | |||
| IMS-Intl Metal Service* |
2,545 | 34,973 | |||
| Ingenico* |
1,552 | 25,757 | |||
| IPSOS* |
1,691 | 37,269 | |||
| LaCie S.A.* |
6,512 | 16,341 | |||
| Manitou BF S.A.* |
5,819 | 37,471 | |||
| NRJ Group* |
10,323 | 60,580 | |||
| Saft Groupe S.A. |
1,196 | 32,235 | |||
| Seche Environnement S.A.* |
412 | 24,069 | |||
| Stallergenes* |
277 | 14,255 | |||
| Trigano S.A.* |
2,006 | 14,169 | |||
| Total France | 592,662 | ||||
| Germany – 6.0% | |||||
| Aixtron AG* |
1,757 | 9,074 | |||
| Beate Uhse AG* |
14,117 | 11,246 | |||
| Bechtle AG* |
1,471 | 23,437 | |||
| Carl Zeiss Meditec AG* |
2,449 | 33,556 | |||
| Cenit AG* |
1,820 | 6,476 | |||
| CTS Eventim AG* |
983 | 28,582 | |||
| DAB Bank AG* |
10,009 | 28,571 | |||
| Demag Cranes AG* |
1,525 | 26,524 | |||
| Deutz AG* |
7,407 | 22,619 | |||
| Duerr AG* |
597 | 7,768 | |||
| Elexis AG* |
585 | 5,592 | |||
| Epcos AG* |
3,700 | 93,190 | |||
| Freenet AG* |
8,581 | 53,433 | |||
| Gerresheimer AG |
699 | 12,798 | |||
| Gerry Weber International AG* |
1,227 | 25,088 | |||
| GFK AG* |
1,165 | 27,533 | |||
| Gildemeister AG* |
1,552 | 12,034 | |||
| H&R WASAG AG* |
2,891 | 30,246 | |||
| HCI Capital AG* |
3,182 | 5,999 | |||
| IDS Scheer AG* |
1,714 | 15,839 | |||
| Indus Holding AG* |
1,903 | 22,007 | |||
| Kontron AG* |
2,309 | 22,257 | |||
| Leoni AG* |
2,040 | 18,526 | |||
| Medion AG* |
1,532 | 11,838 | |||
| MLP AG* |
9,497 | 99,612 | |||
| MPC Muenchmeyer Petersen Capital AG* |
2,323 | 14,527 | |||
| Pfeiffer Vacuum Technology AG* |
943 | 55,715 | |||
| Praktiker Bau- und Heimwerkermaerkte AG* |
3,947 | 20,752 | |||
| Sixt AG* |
1,435 | 19,357 | |||
| Takkt AG* |
4,352 | 37,558 | |||
| Vivacon AG* |
2,791 | 7,782 | |||
| Total Germany | 809,536 | ||||
| Ireland – 0.8% | |||||
| FBD Holdings PLC |
2,661 | 21,233 | |||
| FBD Holdings PLC Redemption Shares*† |
2,660 | 35 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Fyffes PLC |
20,523 | $ | 5,586 | ||
| Greencore Group PLC |
20,627 | 19,445 | |||
| Paddy Power PLC |
2,382 | 38,303 | |||
| Total Produce PLC |
22,403 | 8,031 | |||
| United Drug PLC |
10,200 | 20,219 | |||
| Total Ireland | 112,852 | ||||
| Italy – 11.6% | |||||
| AcegasAps SpA* |
6,439 | 36,804 | |||
| Actelios SpA* |
3,663 | 15,368 | |||
| Antichi Pellettieri SpA* |
940 | 2,165 | |||
| Ascopiave SpA* |
38,311 | 77,112 | |||
| Astaldi SpA* |
3,578 | 14,727 | |||
| Autostrada Torino-Milano SpA* |
6,148 | 35,100 | |||
| Azimut Holding SpA* |
5,209 | 27,820 | |||
| Banca Generali SpA* |
7,910 | 24,549 | |||
| Banca IFIS SpA* |
3,360 | 29,220 | |||
| Banca Intermobiliare SpA* |
24,870 | 80,899 | |||
| Banca Popolare dell’Etruria e del Lazio* |
6,618 | 30,753 | |||
| Banco di Desio e della Brianza SpA* |
4,523 | 26,408 | |||
| Biesse SpA* |
2,096 | 10,297 | |||
| Brembo SpA* |
6,111 | 24,016 | |||
| Buzzi Unicem SpA RSP* |
3,460 | 21,086 | |||
| Cairo Communication SpA* |
24,743 | 63,403 | |||
| Cementir Holding SpA* |
9,856 | 27,349 | |||
| Cofide SpA* |
31,100 | 14,369 | |||
| Credito Artigiano SpA* |
57,579 | 154,233 | |||
| Danieli & Co. SpA* |
503 | 4,348 | |||
| Danieli & Co. Spa RSP |
925 | 5,158 | |||
| Datalogic SpA* |
1,233 | 6,434 | |||
| De’Longhi SpA* |
5,989 | 11,132 | |||
| Esprinet SpA* |
4,029 | 24,206 | |||
| Fiat SpA RSP* |
10,575 | 51,704 | |||
| Fondiaria-Sai SpA RSP* |
7,948 | 75,451 | |||
| Gas Plus* |
3,263 | 28,896 | |||
| Gewiss SpA* |
6,523 | 21,651 | |||
| Gruppo MutuiOnline SpA* |
1,813 | 8,118 | |||
| Industria Macchine Automatiche SpA* |
5,018 | 80,682 | |||
| Italcementi SpA RSP* |
11,081 | 58,408 | |||
| Italmobiliare SpA RSP* |
1,642 | 31,044 | |||
| Landi Renzo SpA* |
3,904 | 11,611 | |||
| Mariella Burani SpA* |
564 | 5,844 | |||
| MARR SpA* |
8,852 | 59,880 | |||
| Milano Assicurazioni SpA RSP* |
7,701 | 19,836 | |||
| Nice SpA* |
6,942 | 19,724 | |||
| Panariagroup Industrie Ceramiche SpA* |
5,486 | 8,959 | |||
| Permasteelisa SpA* |
1,220 | 13,736 | |||
| Piaggio & C. SpA* |
41,121 | 52,085 | |||
| Pirelli & C. SpA RSP* |
38,183 | 10,012 | |||
| Premafin Finanziaria SpA* |
13,189 | 17,511 | |||
| Premuda SpA* |
10,651 | 12,727 | |||
| Recordati SpA* |
19,513 | 106,220 | |||
| SAES Getters SpA* |
1,864 | 16,594 | |||
| SAES Getters SpA RSP* |
1,158 | 9,840 | |||
| Safilo Group SpA* |
35,925 | 18,817 | |||
| Investments | Shares | U.S. $ Value | |||
| Sogefi SpA* |
16,857 | $ | 16,405 | ||
| SOL SpA* |
4,010 | 15,440 | |||
| Vittoria Assicurazioni SpA* |
3,684 | 18,856 | |||
| Total Italy | 1,557,007 | ||||
| Netherlands – 4.8% | |||||
| Arcadis N.V.* |
3,904 | 47,086 | |||
| ASM International N.V.* |
575 | 4,771 | |||
| Ballast Nedam N.V. CVA* |
1,225 | 23,575 | |||
| Beter BED Holding N.V.* |
4,305 | 43,114 | |||
| Brunel International* |
2,185 | 27,560 | |||
| Exact Holding N.V.* |
4,319 | 86,531 | |||
| Grontmij CVA* |
1,529 | 31,324 | |||
| Heijmans N.V. CVA* |
4,576 | 26,307 | |||
| Innoconcepts* |
806 | 2,216 | |||
| Kardan N.V.* |
2,785 | 6,992 | |||
| Macintosh Retail Group N.V.* |
2,887 | 27,253 | |||
| OPG Groep N.V. CVA* |
4,504 | 41,202 | |||
| Plaza Centers N.V.* |
53,102 | 44,146 | |||
| Telegraaf Media Groep N.V.* |
4,724 | 63,379 | |||
| Ten Cate N.V.* |
1,764 | 30,447 | |||
| TKH Group N.V.* |
2,988 | 30,190 | |||
| Unit 4 Agresso N.V.* |
825 | 9,311 | |||
| USG People N.V.* |
8,667 | 69,595 | |||
| Wavin N.V. |
11,946 | 39,176 | |||
| Total Netherlands | 654,175 | ||||
| Norway – 5.0% | |||||
| ABG Sundal Collier Holding ASA* |
161,020 | 103,021 | |||
| Austevoll Seafood ASA* |
3,200 | 6,161 | |||
| DOF ASA* |
4,566 | 21,978 | |||
| EDB Business Partner ASA* |
7,093 | 12,606 | |||
| Ekornes ASA* |
7,645 | 73,596 | |||
| Hafslund ASA Class B* |
4,672 | 37,710 | |||
| Leroy Seafood Group ASA* |
2,000 | 17,328 | |||
| Salmar ASA* |
5,800 | 28,347 | |||
| Scana Industrier* |
13,102 | 12,419 | |||
| Sparebank 1 SMN* |
17,986 | 64,728 | |||
| Sparebank 1 SR Bank* |
18,280 | 63,620 | |||
| Sparebanken 1 Nord-Norge* |
3,900 | 30,035 | |||
| Tomra Systems ASA* |
5,828 | 21,492 | |||
| Veidekke ASA* |
33,490 | 148,798 | |||
| Wilh Wilhelmsen ASA Class A* |
2,450 | 26,125 | |||
| Total Norway | 667,964 | ||||
| Portugal – 1.5% | |||||
| BANIF SGPS S.A.* |
39,056 | 53,410 | |||
| Finibanco Holding, SGPS, S.A.* |
5,933 | 14,021 | |||
| Mota Engil, SGPS, S.A.* |
9,395 | 31,434 | |||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
24,846 | 35,627 | |||
| Semapa-Sociedade de Investimento e Gestao* |
8,055 | 67,911 | |||
| Total Portugal | 202,403 | ||||
| Spain – 2.9% | |||||
| Adolfo Dominguez S.A. |
877 | 6,427 | |||
| Cie Automotive S.A. |
4,701 | 13,669 | |||
See Notes to Financial Statements.
| 46 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Europe SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Duro Felguera S.A. |
7,625 | $ | 46,063 | ||
| Grupo Empresarial Ence S.A. |
4,392 | 12,012 | |||
| La Seda de Barcelona S.A. Class B* |
21,247 | 8,181 | |||
| Realia Business S.A.* |
20,477 | 52,472 | |||
| Renta Corp. Real Estate S.A. |
4,417 | 10,439 | |||
| Tubacex S.A. |
5,736 | 12,033 | |||
| Tubos Reunidos S.A. |
12,761 | 29,480 | |||
| Uralita S.A.* |
31,334 | 176,809 | |||
| Viscofan S.A.* |
1,457 | 28,301 | |||
| Total Spain | 395,886 | ||||
| Sweden – 9.8% | |||||
| AarhusKarlshamn AB |
2,256 | 27,834 | |||
| Acando AB* |
4,619 | 6,034 | |||
| AF AB Class B* |
1,249 | 16,203 | |||
| Axfood AB* |
6,488 | 118,502 | |||
| Axis Communications AB* |
2,306 | 13,166 | |||
| B&B Tools AB Class B* |
1,735 | 9,276 | |||
| BE Group AB |
5,538 | 13,531 | |||
| Bjoern Borg AB* |
1,400 | 8,162 | |||
| Cardo AB* |
3,892 | 65,437 | |||
| Clas Ohlson AB Class B* |
6,966 | 62,142 | |||
| Connecta AB |
1,882 | 10,472 | |||
| D. Carnegie AB*† |
15,807 | 34,033 | |||
| Elekta AB Class B* |
2,135 | 21,370 | |||
| Fabege AB* |
29,739 | 104,318 | |||
| Hemtex AB* |
2,400 | 4,413 | |||
| Hoganas AB Class B* |
4,227 | 38,091 | |||
| Indutrade AB* |
3,600 | 36,687 | |||
| Intrum Justitia AB* |
5,761 | 37,629 | |||
| Know IT AB* |
1,404 | 5,231 | |||
| Kungsleden AB* |
49,649 | 189,773 | |||
| Mekonomen AB* |
3,796 | 39,488 | |||
| NCC AB Class B* |
14,285 | 101,946 | |||
| New Wave Group AB Class B* |
3,822 | 3,698 | |||
| Nibe Industrier AB Class B* |
5,237 | 32,306 | |||
| Niscayah Group AB |
24,316 | 28,971 | |||
| Nobia AB* |
24,826 | 57,055 | |||
| Nordnet AB Class B* |
11,924 | 16,154 | |||
| ORC Software AB* |
1,225 | 13,854 | |||
| Peab AB* |
25,447 | 79,105 | |||
| Rederi AB Transatlantic* |
3,487 | 10,207 | |||
| SkiStar AB* |
4,208 | 40,592 | |||
| Svenska Handelsbanken AB Class B* |
1,431 | 20,641 | |||
| Wihlborgs Fastigheter AB* |
4,756 | 52,926 | |||
| Total Sweden | 1,319,247 | ||||
| Switzerland – 0.7% | |||||
| Highlight Communications AG* |
1,185 | 6,687 | |||
| Huber & Suhner AG* |
1,138 | 29,024 | |||
| Kudelski S.A.* |
2,446 | 23,276 | |||
| Mobilezone Holding AG* |
3,703 | 22,308 | |||
| Swissquote Group Holding S.A.* |
280 | 10,096 | |||
| Tecan Group AG* |
162 | 4,346 | |||
| Total Switzerland | 95,737 | ||||
| Investments | Shares | U.S. $ Value | |||
| United Kingdom – 41.3% | |||||
| Anite PLC |
17,113 | $ | 6,561 | ||
| Ashtead Group PLC |
32,102 | 18,175 | |||
| Aveva Group PLC |
630 | 5,093 | |||
| BBA Aviation PLC |
53,856 | 63,685 | |||
| Beazley Group PLC |
51,656 | 63,675 | |||
| Bellway PLC |
23,471 | 227,926 | |||
| Bloomsbury Publishing PLC |
7,479 | 12,114 | |||
| BlueBay Asset Management PLC |
5,159 | 9,206 | |||
| Bodycote PLC |
15,584 | 27,754 | |||
| Braemar Shipping Services PLC |
1,965 | 6,225 | |||
| Brammer PLC |
3,109 | 3,476 | |||
| Brewin Dolphin Holdings PLC |
26,780 | 45,294 | |||
| Brit Insurance Holdings PLC* |
60,440 | 156,370 | |||
| British Polythene Industries |
6,028 | 10,541 | |||
| Britvic PLC |
19,832 | 64,243 | |||
| BSS Group PLC |
6,167 | 25,458 | |||
| Business Post Group PLC |
8,886 | 31,842 | |||
| Carpetright PLC |
12,499 | 74,036 | |||
| Centaur Media PLC |
15,552 | 5,183 | |||
| Chaucer Holdings PLC |
71,695 | 43,675 | |||
| Chemring Group PLC |
829 | 22,541 | |||
| Chesnara PLC |
24,853 | 47,379 | |||
| Chloride Group PLC |
7,759 | 13,902 | |||
| Cineworld Group PLC |
24,871 | 44,918 | |||
| Clarkson PLC |
1,664 | 11,592 | |||
| Clinton Cards PLC |
24,696 | 4,248 | |||
| Close Brothers Group PLC |
25,540 | 196,584 | |||
| Collins Stewart PLC |
51,704 | 50,395 | |||
| Communisis PLC |
24,202 | 9,626 | |||
| Computacenter PLC |
20,481 | 33,760 | |||
| Consort Medical PLC |
2,455 | 11,938 | |||
| Costain Group PLC |
27,751 | 9,049 | |||
| Cranswick PLC |
3,201 | 26,611 | |||
| Croda International PLC |
8,097 | 61,511 | |||
| Dairy Crest Group PLC |
22,893 | 86,382 | |||
| Davis Service Group PLC |
16,279 | 61,075 | |||
| Debenhams PLC |
295,153 | 203,068 | |||
| Dechra Pharmaceuticals PLC |
3,859 | 23,107 | |||
| Delta PLC |
15,269 | 23,746 | |||
| Development Securities PLC |
2,253 | 7,783 | |||
| Devro PLC |
19,546 | 24,584 | |||
| Dignity PLC |
1,795 | 13,816 | |||
| Dimension Data Holdings PLC |
51,234 | 29,925 | |||
| Diploma PLC |
10,800 | 14,319 | |||
| Domino Printing Sciences |
8,289 | 22,336 | |||
| DS Smith PLC |
65,723 | 47,102 | |||
| Dunelm Group PLC |
17,943 | 56,002 | |||
| E2V Technologies PLC |
4,072 | 2,408 | |||
| Electrocomponents PLC |
126,447 | 227,007 | |||
| Elementis PLC |
45,458 | 17,918 | |||
| Euromoney Institutional Investor PLC |
13,412 | 39,217 | |||
| Evolution Group PLC |
9,731 | 13,460 | |||
| F&C Asset Management PLC |
45,073 | 37,148 | |||
| Fenner PLC |
9,889 | 6,520 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 47 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Europe SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Fiberweb PLC |
30,935 | $ | 15,187 | ||
| Fidessa Group PLC |
1,817 | 21,174 | |||
| Filtrona PLC |
26,573 | 49,229 | |||
| Findel PLC |
25,328 | 27,591 | |||
| French Connection Group PLC |
12,801 | 9,174 | |||
| Future PLC |
37,510 | 6,989 | |||
| Galliford Try PLC |
67,938 | 38,952 | |||
| Go-Ahead Group PLC |
4,239 | 66,836 | |||
| Goldshield Group PLC |
3,411 | 15,205 | |||
| Greene King PLC |
16,638 | 116,736 | |||
| Greggs PLC |
867 | 42,874 | |||
| Halfords Group PLC |
9,756 | 40,868 | |||
| Halma PLC |
32,120 | 76,080 | |||
| Hargreaves Lansdown PLC |
23,379 | 68,947 | |||
| Headlam Group PLC |
12,844 | 42,343 | |||
| Hikma Pharmaceuticals PLC |
2,993 | 15,487 | |||
| Hill & Smith Holdings PLC |
5,334 | 11,927 | |||
| HMV Group PLC |
59,854 | 111,315 | |||
| Holidaybreak PLC |
8,620 | 24,711 | |||
| Huntsworth PLC |
18,763 | 13,447 | |||
| Innovation Group PLC* |
50,215 | 5,182 | |||
| Interserve PLC |
10,280 | 27,407 | |||
| ITE Group PLC |
18,186 | 16,878 | |||
| James Fisher & Sons PLC |
2,790 | 16,326 | |||
| Jardine Lloyd Thompson Group PLC |
28,478 | 178,991 | |||
| JKX Oil & Gas PLC |
3,676 | 11,618 | |||
| Kcom Group PLC |
92,628 | 23,234 | |||
| Keller Group PLC |
4,338 | 30,576 | |||
| Kier Group PLC |
5,030 | 63,806 | |||
| Laird PLC |
11,589 | 16,279 | |||
| Lavendon Group PLC |
4,025 | 9,606 | |||
| Luminar Group Holdings PLC |
8,627 | 15,210 | |||
| Management Consulting Group PLC |
29,352 | 12,621 | |||
| Marshalls PLC |
27,300 | 38,739 | |||
| Marston’s PLC |
46,709 | 90,550 | |||
| McBride PLC |
29,920 | 49,533 | |||
| Melrose PLC |
36,142 | 44,034 | |||
| Micro Focus International PLC |
10,365 | 44,867 | |||
| Misys PLC |
58,256 | 105,212 | |||
| Mitie Group PLC |
18,532 | 49,673 | |||
| Morgan Crucible Co. |
22,708 | 27,341 | |||
| Morgan Sindall PLC |
4,890 | 39,952 | |||
| Mothercare PLC |
6,684 | 37,148 | |||
| Mouchel Group PLC |
2,734 | 11,619 | |||
| N. Brown Group PLC |
31,385 | 85,248 | |||
| Northern Foods PLC |
83,635 | 61,138 | |||
| Northgate PLC |
11,284 | 10,553 | |||
| Novae Group PLC |
4,647 | 22,980 | |||
| Office2office PLC |
4,306 | 6,388 | |||
| Paragon Group of Cos. PLC |
12,438 | 8,023 | |||
| PayPoint PLC |
3,699 | 19,286 | |||
| Pendragon PLC |
290,663 | 29,788 | |||
| Premier Farnell PLC |
44,719 | 76,277 | |||
| Psion PLC |
12,810 | 9,548 | |||
| PZ Cussons PLC |
25,804 | 57,791 | |||
| Investments | Shares | U.S. $ Value | ||||
| Renishaw PLC |
5,067 | $ | 18,048 | |||
| Restaurant Group PLC |
25,216 | 48,794 | ||||
| Ricardo PLC |
5,990 | 17,064 | ||||
| Rightmove PLC |
7,620 | 28,561 | ||||
| RM PLC |
8,387 | 18,573 | ||||
| Robert Walters PLC |
6,414 | 7,056 | ||||
| Robert Wiseman Dairies PLC |
7,139 | 34,689 | ||||
| ROK PLC |
16,177 | 11,594 | ||||
| RPC Group PLC |
9,387 | 15,473 | ||||
| RPS Group PLC |
5,849 | 13,058 | ||||
| Safestore Holdings PLC |
11,878 | 9,109 | ||||
| Savills PLC |
23,937 | 80,886 | ||||
| Schroders PLC Non-Voting Shares |
5,014 | 49,230 | ||||
| Senior PLC |
20,800 | 8,199 | ||||
| Severfield-Rowen PLC |
15,354 | 32,681 | ||||
| Shanks Group PLC |
15,220 | 12,162 | ||||
| Shore Capital Group PLC* |
13,998 | 2,809 | ||||
| Smiths News PLC |
27,603 | 32,641 | ||||
| Spectris PLC |
8,321 | 48,006 | ||||
| Speedy Hire PLC |
3,491 | 6,305 | ||||
| Spirax-Sarco Engineering PLC |
4,946 | 59,551 | ||||
| Sports Direct International PLC |
31,958 | 26,797 | ||||
| SSL International PLC |
7,786 | 50,109 | ||||
| St. Ives Group PLC |
22,693 | 14,637 | ||||
| Sthree PLC |
19,301 | 48,137 | ||||
| Telecom Plus PLC |
6,677 | 28,999 | ||||
| Tullett Prebon PLC |
12,957 | 39,047 | ||||
| Ultra Electronics Holdings PLC |
2,891 | 45,168 | ||||
| Umeco PLC |
3,444 | 5,800 | ||||
| UTV Media PLC |
11,861 | 10,286 | ||||
| Victrex PLC |
4,602 | 33,509 | ||||
| Vitec Group (The) PLC |
3,445 | 7,703 | ||||
| WH Smith PLC |
12,471 | 63,591 | ||||
| Wilmington Group PLC |
7,359 | 9,493 | ||||
| Wincanton PLC |
12,245 | 28,784 | ||||
| WSP Group PLC |
2,991 | 10,236 | ||||
| Xchanging PLC |
3,750 | 10,898 | ||||
| Total United Kingdom | 5,557,686 | |||||
| TOTAL COMMON STOCKS (Cost: $30,741,492) |
13,392,586 | |||||
| SHORT-TERM INVESTMENT – 0.9% | ||||||
| MONEY MARKET FUND – 0.9% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $116,642) |
116,642 | 116,642 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $30,858,134) |
13,509,228 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (0.3)% |
(42,622 | ) | ||||
| NET ASSETS – 100.0% | $ | 13,466,606 | ||||
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. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 48 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.1% | |||||
| Advertising – 0.1% | |||||
| Hakuhodo DY Holdings, Inc. |
620 | $ | 26,490 | ||
| Agriculture – 0.6% | |||||
| Japan Tobacco, Inc. |
47 | 124,626 | |||
| Airlines – 0.2% | |||||
| All Nippon Airways Co., Ltd.* |
9,000 | 35,173 | |||
| Apparel – 0.3% | |||||
| Atsugi Co., Ltd.* |
4,000 | 5,103 | |||
| Daidoh Ltd.* |
2,600 | 13,609 | |||
| Onward Holdings Co., Ltd.* |
5,160 | 33,540 | |||
| Sanyo Shokai Ltd.* |
2,000 | 6,338 | |||
| Total Apparel | 58,590 | ||||
| Auto Manufacturers – 10.5% | |||||
| Daihatsu Motor Co., Ltd. |
6,000 | 46,715 | |||
| Fuji Heavy Industries Ltd. |
12,000 | 39,121 | |||
| Hino Motors Ltd. |
6,000 | 13,061 | |||
| Honda Motor Co., Ltd. |
21,100 | 494,548 | |||
| Isuzu Motors Ltd.* |
16,000 | 19,277 | |||
| Mazda Motor Corp. |
6,000 | 9,962 | |||
| Nissan Shatai Co., Ltd. |
3,000 | 17,252 | |||
| Suzuki Motor Corp. |
2,400 | 39,583 | |||
| Toyota Motor Corp. |
42,600 | 1,345,672 | |||
| Total Auto Manufacturers | 2,025,191 | ||||
| Auto Parts & Equipment – 2.6% | |||||
| Aisin Seiki Co., Ltd. |
1,800 | 28,175 | |||
| Bridgestone Corp. |
6,800 | 97,005 | |||
| DENSO Corp. |
7,400 | 146,247 | |||
| Eagle Industry Co., Ltd.* |
1,000 | 3,189 | |||
| JTEKT Corp. |
2,400 | 16,620 | |||
| NHK Spring Co., Ltd. |
6,000 | 21,444 | |||
| NOK Corp. |
1,800 | 15,254 | |||
| Showa Corp. |
2,000 | 7,067 | |||
| Stanley Electric Co., Ltd. |
2,400 | 26,583 | |||
| Sumitomo Electric Industries Ltd. |
4,000 | 33,249 | |||
| Sumitomo Rubber Industries, Inc. |
4,100 | 27,231 | |||
| Takata Corp. |
400 | 3,256 | |||
| Tokai Rika Co., Ltd. |
2,000 | 19,763 | |||
| Toyoda Gosei Co., Ltd. |
2,000 | 30,029 | |||
| Toyota Boshoku Corp. |
2,400 | 24,566 | |||
| Total Auto Parts & Equipment | 499,678 | ||||
| Banks – 6.9% | |||||
| Aichi Bank Ltd. (The) |
100 | 6,875 | |||
| Bank of Kyoto Ltd. (The) |
6,000 | 50,542 | |||
| Chiba Bank Ltd. (The) |
6,000 | 29,462 | |||
| Chugoku Bank Ltd. (The) |
6,000 | 76,420 | |||
| Chuo Mitsui Trust Holdings, Inc.* |
6,000 | 18,224 | |||
| Fukuoka Financial Group, Inc. |
4,000 | 12,109 | |||
| Gunma Bank Ltd. (The) |
6,000 | 32,196 | |||
| Hachijuni Bank Ltd. (The) |
6,000 | 34,687 | |||
| Hiroshima Bank Ltd. (The) |
6,000 | 22,780 | |||
| Hokuhoku Financial Group, Inc.* |
12,000 | 21,748 | |||
| Investments | Shares | U.S. $ Value | |||
| Iyo Bank Ltd. (The) |
6,000 | $ | 60,443 | ||
| Joyo Bank Ltd. (The) |
6,000 | 27,579 | |||
| Michinoku Bank Ltd. (The)* |
7,000 | 17,718 | |||
| Mitsubishi UFJ Financial Group, Inc. |
63,820 | 307,566 | |||
| Mizuho Financial Group, Inc.* |
93,300 | 177,588 | |||
| Mizuho Trust & Banking Co., Ltd.* |
18,000 | 16,584 | |||
| Nishi-Nippon City Bank Ltd. (The)* |
12,000 | 25,757 | |||
| Resona Holdings, Inc.* |
1,700 | 22,547 | |||
| Shizuoka Bank Ltd. (The) |
6,000 | 53,701 | |||
| Sumitomo Mitsui Financial Group, Inc. |
5,014 | 173,107 | |||
| Sumitomo Trust & Banking Co., Ltd. (The) |
20,000 | 75,529 | |||
| Suruga Bank Ltd. |
6,000 | 49,205 | |||
| Tokyo Tomin Bank Ltd. (The) |
800 | 12,311 | |||
| Total Banks | 1,324,678 | ||||
| Beverages – 0.8% | |||||
| Asahi Breweries Ltd. |
3,400 | 40,482 | |||
| Coca-Cola West Co., Ltd. |
1,800 | 28,721 | |||
| Ito En Ltd. |
1,200 | 14,640 | |||
| Kirin Holdings Co., Ltd. |
6,000 | 63,299 | |||
| Total Beverages | 147,142 | ||||
| Building Materials – 1.3% | |||||
| Asahi Glass Co., Ltd. |
12,000 | 63,056 | |||
| Daikin Industries Ltd. |
1,200 | 32,560 | |||
| JS Group Corp. |
4,800 | 53,749 | |||
| Nippon Sheet Glass Co., Ltd. |
11,000 | 26,951 | |||
| Panasonic Electric Works Co., Ltd. |
6,000 | 43,495 | |||
| TOTO Ltd. |
6,000 | 29,888 | |||
| Total Building Materials | 249,699 | ||||
| Chemicals – 3.4% | |||||
| Asahi Kasei Corp. |
13,000 | 46,725 | |||
| Daicel Chemical Industries Ltd. |
6,000 | 21,444 | |||
| DIC Corp. |
12,000 | 17,495 | |||
| Gun-Ei Chemical Industry Co., Ltd. |
25,000 | 52,901 | |||
| Hitachi Chemical Co., Ltd. |
1,800 | 21,468 | |||
| JSR Corp. |
1,800 | 20,867 | |||
| Kaneka Corp. |
6,000 | 29,402 | |||
| Mitsubishi Chemical Holdings Corp. |
15,500 | 52,728 | |||
| Mitsubishi Gas Chemical Co., Inc. |
6,000 | 25,514 | |||
| Mitsui Chemicals, Inc. |
7,000 | 16,938 | |||
| Nippon Chemical Industrial Co., Ltd. |
6,000 | 9,598 | |||
| Nitto Denko Corp. |
1,200 | 24,359 | |||
| Sakata INX Corp. |
3,000 | 8,231 | |||
| Shin-Etsu Chemical Co., Ltd. |
2,400 | 115,906 | |||
| Showa Denko K.K.* |
12,000 | 14,701 | |||
| Sumitomo Chemical Co., Ltd. |
12,000 | 40,458 | |||
| Taiyo Nippon Sanso Corp. |
6,000 | 38,939 | |||
| Tokuyama Corp. |
4,000 | 25,311 | |||
| Tosoh Corp. |
12,000 | 22,598 | |||
| Ube Industries Ltd.* |
18,000 | 32,439 | |||
| Zeon Corp. |
6,000 | 16,098 | |||
| Total Chemicals | 654,120 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 49 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Commercial Services – 1.6% | |||||
| Dai Nippon Printing Co., Ltd. |
8,000 | $ | 72,816 | ||
| Kamigumi Co., Ltd.* |
5,000 | 33,158 | |||
| Kanamoto Co., Ltd. |
3,000 | 10,114 | |||
| Kyodo Printing Co., Ltd. |
6,000 | 12,818 | |||
| Nomura Co., Ltd. |
3,000 | 6,955 | |||
| Park24 Co., Ltd.* |
3,500 | 23,636 | |||
| Secom Co., Ltd.* |
1,800 | 66,154 | |||
| Sohgo Security Services Co., Ltd. |
2,400 | 20,532 | |||
| Toppan Printing Co., Ltd. |
6,000 | 40,640 | |||
| Tosho Printing Co., Ltd. |
5,000 | 13,617 | |||
| Total Commercial Services | 300,440 | ||||
| Computers – 0.7% | |||||
| Fujitsu Ltd. |
12,000 | 44,345 | |||
| Itochu Techno-Solutions Corp. |
800 | 16,483 | |||
| Otsuka Corp.* |
600 | 22,234 | |||
| Roland DG Corp. |
300 | 3,639 | |||
| TDK Corp. |
1,200 | 44,345 | |||
| Total Computers | 131,046 | ||||
| Cosmetics/Personal Care – 1.3% | |||||
| Kao Corp. |
6,000 | 116,574 | |||
| Kose Corp. |
1,200 | 22,209 | |||
| Shiseido Co., Ltd. |
5,000 | 72,643 | |||
| Unicharm Corp. |
500 | 30,374 | |||
| Total Cosmetics/Personal Care | 241,800 | ||||
| Distribution/Wholesale – 3.9% | |||||
| Advan Co., Ltd.* |
2,000 | 9,234 | |||
| Canon Marketing Japan, Inc. |
2,400 | 33,678 | |||
| Hitachi High-Technologies Corp. |
1,800 | 25,204 | |||
| Inabata & Co., Ltd. |
2,600 | 6,660 | |||
| ITOCHU Corp. |
18,000 | 87,111 | |||
| Marubeni Corp. |
12,000 | 37,056 | |||
| Mitsubishi Corp. |
15,200 | 197,752 | |||
| Mitsui & Co., Ltd. |
18,000 | 179,690 | |||
| Satori Electric Co., Ltd. |
3,000 | 11,603 | |||
| Sojitz Corp. |
12,700 | 15,044 | |||
| Sumitomo Corp. |
13,800 | 117,783 | |||
| Toyota Tsusho Corp. |
2,400 | 22,987 | |||
| Total Distribution/Wholesale | 743,802 | ||||
| Diversified Financial Services – 0.6% | |||||
| Century Tokyo Leasing Corp. |
1,350 | 7,969 | |||
| Daiwa Securities Group, Inc. |
14,000 | 60,666 | |||
| Kyokuto Securities Co., Ltd. |
5,800 | 18,439 | |||
| Okasan Securities Group, Inc.* |
2,000 | 7,107 | |||
| Shinko Securities Co., Ltd.* |
12,000 | 23,205 | |||
| Tokai Tokyo Financial Holdings |
1,000 | 1,782 | |||
| Total Diversified Financial Services | 119,168 | ||||
| Electric – 7.4% | |||||
| Chubu Electric Power Co., Inc. |
8,000 | 175,762 | |||
| Chugoku Electric Power Co., Inc. (The) |
4,600 | 99,666 | |||
| Electric Power Development Co., Ltd. |
1,400 | 41,389 | |||
| Hokkaido Electric Power Co., Inc. |
3,200 | 64,149 | |||
| Investments | Shares | U.S. $ Value | |||
| Hokuriku Electric Power Co. |
2,300 | $ | 55,189 | ||
| Kansai Electric Power Co., Inc. (The) |
12,300 | 266,498 | |||
| Kyushu Electric Power Co., Inc. |
7,400 | 165,577 | |||
| Shikoku Electric Power Co., Inc. |
1,900 | 50,688 | |||
| Tohoku Electric Power Co., Inc. |
7,000 | 153,437 | |||
| Tokyo Electric Power Co., Inc. (The) |
13,700 | 341,217 | |||
| Total Electric | 1,413,572 | ||||
| Electrical Components & Equipment – 0.6% | |||||
| Brother Industries Ltd. |
4,600 | 33,672 | |||
| Casio Computer Co., Ltd.* |
3,000 | 21,049 | |||
| Fujikura Ltd. |
6,000 | 16,462 | |||
| Hitachi Cable Ltd. |
9,000 | 17,313 | |||
| Ushio, Inc.* |
2,400 | 33,630 | |||
| Total Electrical Components & Equipment | 122,126 | ||||
| Electronics – 2.8% | |||||
| Advantest Corp.* |
1,200 | 17,750 | |||
| Chiyoda Integre Co., Ltd.* |
500 | 5,315 | |||
| Hirose Electric Co., Ltd. |
600 | 57,467 | |||
| HOYA CORP. |
4,800 | 93,794 | |||
| Ibiden Co., Ltd. |
900 | 21,550 | |||
| Idec Corp. |
3,500 | 18,639 | |||
| Japan Aviation Electronics Industry Ltd. |
1,000 | 4,890 | |||
| Keyence Corp. |
220 | 41,207 | |||
| Koa Corp. |
1,900 | 8,156 | |||
| Kyocera Corp. |
1,600 | 104,971 | |||
| Mabuchi Motor Co., Ltd. |
800 | 32,318 | |||
| Minebea Co., Ltd.* |
6,000 | 21,748 | |||
| Mitsumi Electric Co., Ltd.* |
800 | 11,420 | |||
| NGK Insulators Ltd. |
2,000 | 30,475 | |||
| Nihon Dempa Kogyo Co., Ltd. |
200 | 2,981 | |||
| Nippon Electric Glass Co., Ltd. |
4,000 | 27,782 | |||
| Shinko Shoji Co., Ltd. |
500 | 3,275 | |||
| Sodick Co., Ltd. |
2,600 | 4,291 | |||
| Star Micronics Co., Ltd. |
800 | 7,338 | |||
| Yokogawa Electric Corp. |
3,600 | 14,361 | |||
| Total Electronics | 529,728 | ||||
| Engineering & Construction – 1.0% | |||||
| Chiyoda Corp.* |
2,000 | 10,610 | |||
| JGC Corp.* |
3,000 | 33,897 | |||
| Kajima Corp. |
12,000 | 29,402 | |||
| Nippon Koei Co., Ltd.* |
5,000 | 11,086 | |||
| Obayashi Corp. |
6,000 | 29,037 | |||
| Shimizu Corp. |
10,000 | 41,409 | |||
| Taihei Kogyo Co., Ltd.* |
4,000 | 8,869 | |||
| Taisei Corp. |
12,000 | 22,841 | |||
| Tokyo Energy & Systems, Inc. |
1,000 | 6,470 | |||
| Total Engineering & Construction | 193,621 | ||||
| Entertainment – 0.9% | |||||
| Aeon Fantasy Co., Ltd.* |
700 | 4,798 | |||
| Heiwa Corp. |
2,000 | 17,596 | |||
| Mars Engineering Corp. |
700 | 19,986 | |||
| Oriental Land Co., Ltd. |
1,000 | 63,582 | |||
See Notes to Financial Statements.
| 50 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Sankyo Co., Ltd. |
1,000 | $ | 43,232 | ||
| Toho Co., Ltd. |
2,000 | 27,843 | |||
| Total Entertainment | 177,037 | ||||
| Environmental Control – 0.2% | |||||
| Kurita Water Industries Ltd. |
2,400 | 45,998 | |||
| Food – 1.9% | |||||
| Ajinomoto Co., Inc. |
6,000 | 42,219 | |||
| Kikkoman Corp.* |
2,000 | 16,645 | |||
| Meiji Dairies Corp. |
6,000 | 24,906 | |||
| Meiji Seika Kaisha Ltd. |
9,000 | 31,528 | |||
| Nippon Meat Packers, Inc.* |
3,000 | 31,133 | |||
| Nisshin Seifun Group, Inc. |
4,000 | 42,645 | |||
| Nissin Foods Holdings Co., Ltd. |
1,200 | 35,233 | |||
| Starzen Co., Ltd.* |
23,000 | 53,792 | |||
| Toyo Suisan Kaisha Ltd. |
1,000 | 20,502 | |||
| Yakult Honsha Co., Ltd. |
1,400 | 24,862 | |||
| Yamazaki Baking Co., Ltd.* |
3,000 | 32,074 | |||
| Total Food | 355,539 | ||||
| Forest Products & Paper – 0.8% | |||||
| Chuetsu Pulp & Paper Co., Ltd. |
28,000 | 70,305 | |||
| Daio Paper Corp. |
1,000 | 8,818 | |||
| OJI Paper Co., Ltd. |
18,000 | 72,897 | |||
| Total Forest Products & Paper | 152,020 | ||||
| Gas – 1.3% | |||||
| Osaka Gas Co., Ltd. |
27,000 | 84,196 | |||
| Saibu Gas Co., Ltd. |
14,000 | 36,711 | |||
| Toho Gas Co., Ltd.* |
7,000 | 32,034 | |||
| Tokyo Gas Co., Ltd. |
28,000 | 97,803 | |||
| Total Gas | 250,744 | ||||
| Hand/Machine Tools – 0.6% | |||||
| Disco Corp. |
200 | 4,931 | |||
| Makita Corp. |
1,800 | 40,093 | |||
| SMC Corp. |
500 | 47,838 | |||
| THK Co., Ltd. |
1,800 | 24,092 | |||
| Total Hand/Machine Tools | 116,954 | ||||
| Healthcare-Products – 0.4% | |||||
| Shimadzu Corp. |
6,000 | 38,210 | |||
| Terumo Corp. |
1,200 | 44,103 | |||
| Topcon Corp. |
700 | 2,707 | |||
| Total Healthcare-Products | 85,020 | ||||
| Home Builders – 0.8% | |||||
| Daiwa House Industry Co., Ltd.* |
6,000 | 48,112 | |||
| Mitsui Home Co., Ltd. |
1,000 | 4,202 | |||
| Sekisui Chemical Co., Ltd. |
6,000 | 29,766 | |||
| Sekisui House Ltd. |
8,000 | 60,261 | |||
| Token Corp. |
270 | 6,451 | |||
| Total Home Builders | 148,792 | ||||
| Home Furnishings – 2.0% | |||||
| Foster Electric Co., Ltd.* |
200 | 1,124 | |||
| France Bed Holdings Co., Ltd. |
3,000 | 3,979 | |||
| Panasonic Corp.* |
18,800 | 203,475 | |||
| Investments | Shares | U.S. $ Value | |||
| Sharp Corp. |
12,000 | $ | 94,279 | ||
| Sony Corp. |
4,100 | 82,938 | |||
| Toa Corp./Hyogo |
1,000 | 4,698 | |||
| Total Home Furnishings | 390,493 | ||||
| Household Products/Wares – 0.1% | |||||
| Kokuyo Co., Ltd. |
3,000 | 21,869 | |||
| Housewares – 0.1% | |||||
| Sangetsu Co., Ltd. |
900 | 19,272 | |||
| Insurance – 1.5% | |||||
| Aioi Insurance Co., Ltd.* |
7,000 | 26,931 | |||
| Mitsui Sumitomo Insurance Group Holdings, Inc.* |
3,094 | 71,265 | |||
| Nipponkoa Insurance Co., Ltd.* |
4,000 | 22,922 | |||
| Nissay Dowa General Insurance Co., Ltd.* |
7,000 | 26,648 | |||
| Sompo Japan Insurance, Inc.* |
6,000 | 30,677 | |||
| T&D Holdings, Inc.* |
1,150 | 27,420 | |||
| Tokio Marine Holdings, Inc. |
3,200 | 77,594 | |||
| Total Insurance | 283,457 | ||||
| Internet – 0.5% | |||||
| Matsui Securities Co., Ltd.* |
800 | 5,200 | |||
| Trend Micro, Inc.* |
3,000 | 84,135 | |||
| Yahoo! Japan Corp.* |
23 | 6,024 | |||
| Total Internet | 95,359 | ||||
| Iron/Steel – 3.2% | |||||
| Daido Steel Co., Ltd. |
6,000 | 14,761 | |||
| Godo Steel Ltd.* |
13,000 | 31,720 | |||
| Hitachi Metals Ltd. |
4,000 | 27,903 | |||
| JFE Holdings, Inc. |
7,400 | 160,707 | |||
| Kobe Steel Ltd. |
26,000 | 33,168 | |||
| Nippon Steel Corp.* |
69,000 | 183,730 | |||
| Nisshin Steel Co., Ltd. |
18,000 | 30,070 | |||
| Sumitomo Metal Industries Ltd. |
58,000 | 115,683 | |||
| Tokyo Steel Manufacturing Co., Ltd. |
2,400 | 23,886 | |||
| Total Iron/Steel | 621,628 | ||||
| Leisure Time – 0.7% | |||||
| Daikoku Denki Co., Ltd. |
3,100 | 38,762 | |||
| Daiwa Seiko, Inc. |
9,000 | 12,301 | |||
| Sega Sammy Holdings, Inc. |
4,300 | 37,571 | |||
| Yamaha Corp. |
2,400 | 23,254 | |||
| Yamaha Motor Co., Ltd. |
1,800 | 15,946 | |||
| Total Leisure Time | 127,834 | ||||
| Machinery-Construction & Mining – 0.6% | |||||
| Aichi Corp. |
1,400 | 5,698 | |||
| Hitachi Construction Machinery Co., Ltd. |
2,400 | 30,836 | |||
| Kato Works Co., Ltd. |
3,000 | 5,619 | |||
| Komatsu Ltd.* |
6,200 | 67,166 | |||
| Total Machinery-Construction & Mining | 109,319 | ||||
| Machinery-Diversified – 2.0% | |||||
| Amada Co., Ltd. |
6,000 | 31,467 | |||
| Anest Iwata Corp. |
3,000 | 7,958 | |||
| CKD Corp. |
4,900 | 15,875 | |||
| Fanuc Ltd. |
1,400 | 93,976 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 51 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Furukawa Co., Ltd. |
8,000 | $ | 6,642 | ||
| Japan Steel Works Ltd. (The) |
3,000 | 28,096 | |||
| Kawasaki Heavy Industries Ltd.* |
18,000 | 35,719 | |||
| Kubota Corp. |
12,000 | 64,999 | |||
| Mitsubishi Heavy Industries Ltd. |
24,000 | 72,411 | |||
| Tokyo Kikai Seisakusho Ltd.* |
9,000 | 14,762 | |||
| Toshiba Machine Co., Ltd. |
1,000 | 2,936 | |||
| Tsugami Corp. |
5,000 | 7,340 | |||
| Total Machinery-Diversified | 382,181 | ||||
| Media – 0.2% | |||||
| Nippon Television Network Corp. |
360 | 33,605 | |||
| Tokyo Broadcasting System, Inc. |
900 | 11,791 | |||
| Total Media | 45,396 | ||||
| Metal Fabricate/Hardware – 0.3% | |||||
| Kitz Corp. |
2,000 | 6,054 | |||
| Nippon Steel Trading Co., Ltd.* |
4,000 | 5,265 | |||
| NSK Ltd. |
6,000 | 22,902 | |||
| NTN Corp. |
6,000 | 16,827 | |||
| Toho Zinc Co., Ltd.* |
3,000 | 7,563 | |||
| Yamazen Corp. |
2,000 | 6,156 | |||
| Total Metal Fabricate/Hardware | 64,767 | ||||
| Mining – 0.2% | |||||
| DOWA Holding Co., Ltd.* |
6,000 | 22,294 | |||
| Pacific Metals Co., Ltd. |
3,000 | 13,061 | |||
| Total Mining | 35,355 | ||||
| Miscellaneous Manufacturing – 0.7% | |||||
| Bando Chemical Industries Ltd. |
3,000 | 6,743 | |||
| FUJIFILM Holdings Corp. |
3,000 | 64,544 | |||
| Konica Minolta Holdings, Inc. |
1,500 | 12,727 | |||
| Nikon Corp. |
2,000 | 22,395 | |||
| Olympus Corp. |
2,000 | 31,994 | |||
| Tamron Co., Ltd. |
500 | 5,158 | |||
| Total Miscellaneous Manufacturing | 143,561 | ||||
| Office/Business Equipment – 2.2% | |||||
| Canon, Inc. |
11,500 | 328,338 | |||
| Ricoh Co., Ltd. |
6,000 | 70,649 | |||
| Seiko Epson Corp. |
1,800 | 24,275 | |||
| Total Office/Business Equipment | 423,262 | ||||
| Oil & Gas – 1.9% | |||||
| Cosmo Oil Co., Ltd. |
12,000 | 36,205 | |||
| Nippon Mining Holdings, Inc. |
8,500 | 33,563 | |||
| Nippon Oil Corp. |
18,000 | 88,752 | |||
| Showa Shell Sekiyu K.K. |
6,900 | 62,594 | |||
| TonenGeneral Sekiyu K.K. |
15,000 | 146,249 | |||
| Total Oil & Gas | 367,363 | ||||
| Packaging & Containers – 0.3% | |||||
| Nihon Yamamura Glass Co., Ltd. |
11,000 | 22,831 | |||
| Toyo Seikan Kaisha Ltd. |
2,400 | 34,844 | |||
| Total Packaging & Containers | 57,675 | ||||
| Investments | Shares | U.S. $ Value | |||
| Pharmaceuticals – 7.3% | |||||
| Astellas Pharma, Inc. |
5,600 | $ | 171,226 | ||
| Chugai Pharmaceutical Co., Ltd. |
4,800 | 80,672 | |||
| Daiichi Sankyo Co., Ltd. |
9,000 | 150,167 | |||
| Dainippon Sumitomo Pharma Co., Ltd. |
6,000 | 49,691 | |||
| Eisai Co., Ltd. |
4,400 | 128,298 | |||
| Fuso Pharmaceutical Industries Ltd. |
3,000 | 8,353 | |||
| Hisamitsu Pharmaceutical Co., Inc. |
1,600 | 49,246 | |||
| Kaken Pharmaceutical Co., Ltd. |
2,000 | 16,787 | |||
| Kyorin Co., Ltd. |
2,000 | 24,744 | |||
| Kyowa Hakko Kirin Co., Ltd. |
10,000 | 83,730 | |||
| Mediceo Paltac Holdings Co., Ltd. |
3,000 | 31,923 | |||
| Mitsubishi Tanabe Pharma Corp. |
4,000 | 39,324 | |||
| Mochida Pharmaceutical Co., Ltd. |
1,000 | 9,861 | |||
| Nippon Shinyaku Co., Ltd. |
1,000 | 8,818 | |||
| Sawai Pharmaceutical Co., Ltd. |
200 | 9,274 | |||
| Seikagaku Corp. |
1,700 | 16,713 | |||
| Shionogi & Co., Ltd. |
2,000 | 34,099 | |||
| SSP Co., Ltd.* |
2,000 | 10,428 | |||
| Suzuken Co., Ltd. |
1,300 | 33,892 | |||
| Takeda Pharmaceutical Co., Ltd. |
11,500 | 395,869 | |||
| Towa Pharmaceutical Co., Ltd. |
300 | 12,514 | |||
| Tsumura & Co. |
200 | 5,164 | |||
| ZERIA Pharmaceutical Co., Ltd. |
2,000 | 21,869 | |||
| Total Pharmaceuticals | 1,392,662 | ||||
| Real Estate – 1.2% | |||||
| Daito Trust Construction Co., Ltd. |
1,200 | 40,093 | |||
| Iida Home Max |
5,500 | 17,318 | |||
| Leopalace21 Corp. |
3,800 | 22,391 | |||
| Mitsubishi Estate Co., Ltd. |
2,000 | 22,315 | |||
| Mitsui Fudosan Co., Ltd. |
2,000 | 21,606 | |||
| Nomura Real Estate Holdings, Inc. |
500 | 7,517 | |||
| Sankei Building Co., Ltd. (The) |
1,700 | 7,418 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
490 | 14,065 | |||
| Sumitomo Realty & Development Co., Ltd. |
2,000 | 21,930 | |||
| Tokyo Tatemono Co., Ltd. |
6,000 | 15,369 | |||
| Tokyu Community Corp. |
300 | 4,671 | |||
| Tokyu Land Corp. |
7,000 | 19,135 | |||
| Tokyu Livable, Inc.* |
4,300 | 18,416 | |||
| Total Real Estate | 232,244 | ||||
| Retail – 3.9% | |||||
| Aeon Co., Ltd.* |
3,600 | 23,473 | |||
| Belluna Co., Ltd. |
1,400 | 3,600 | |||
| Citizen Holdings Co., Ltd. |
4,800 | 19,439 | |||
| FamilyMart Co., Ltd. |
1,800 | 54,672 | |||
| Fast Retailing Co., Ltd. |
800 | 90,473 | |||
| Gulliver International Co., Ltd. |
470 | 7,062 | |||
| Honeys Co., Ltd.* |
190 | 1,050 | |||
| Isetan Mitsukoshi Holdings Ltd.* |
3,975 | 30,465 | |||
| Izumi Co., Ltd. |
2,700 | 30,835 | |||
| J Front Retailing Co., Ltd. |
7,600 | 26,162 | |||
| Konaka Co., Ltd.* |
1,800 | 4,246 | |||
| Lawson, Inc. |
1,800 | 74,355 | |||
See Notes to Financial Statements.
| 52 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Marui Group Co., Ltd. |
5,900 | $ | 31,241 | ||
| Nitori Co., Ltd. |
800 | 44,710 | |||
| Point, Inc. |
80 | 3,621 | |||
| Sanei-International Co., Ltd.* |
800 | 5,289 | |||
| Seiko Holdings Corp. |
2,000 | 3,868 | |||
| Seven & I Holdings Co., Ltd. |
7,100 | 155,270 | |||
| Shimamura Co., Ltd. |
600 | 31,953 | |||
| Takashimaya Co., Ltd. |
6,000 | 34,322 | |||
| UNY Co., Ltd. |
6,000 | 46,654 | |||
| Yamada Denki Co., Ltd.* |
570 | 22,276 | |||
| Total Retail | 745,036 | ||||
| Semiconductors – 0.6% | |||||
| Sanken Electric Co., Ltd. |
1,000 | 2,561 | |||
| Shinko Electric Industries Co., Ltd. |
2,000 | 18,994 | |||
| Sumco Corp. |
3,200 | 46,719 | |||
| Tokyo Electron Ltd. |
1,200 | 44,224 | |||
| Total Semiconductors | 112,498 | ||||
| Shipbuilding – 0.2% | |||||
| Mitsui Engineering & Shipbuilding Co., Ltd.* |
18,000 | 29,888 | |||
| Sasebo Heavy Industries Co., Ltd.* |
2,000 | 3,665 | |||
| Total Shipbuilding | 33,553 | ||||
| Software – 1.2% | |||||
| Konami Corp. |
1,600 | 23,942 | |||
| Nomura Research Institute Ltd. |
4,400 | 68,158 | |||
| Oracle Corp. |
3,000 | 112,990 | |||
| Square Enix Holdings Co., Ltd. |
1,700 | 31,997 | |||
| Total Software | 237,087 | ||||
| Storage/Warehosuing – 0.1% | |||||
| Mitsubishi Logistics Corp. |
2,000 | 19,338 | |||
| Telecommunications – 9.1% | |||||
| Hikari Tsushin, Inc.* |
1,100 | 20,548 | |||
| KDDI Corp. |
34 | 159,036 | |||
| Nippon Telegraph & Telephone Corp. |
16,384 | 618,733 | |||
| NTT DoCoMo, Inc.* |
692 | 936,726 | |||
| Softbank Corp.* |
1,736 | 22,076 | |||
| Total Telecommunications | 1,757,119 | ||||
| Textiles – 0.7% | |||||
| Kurabo Industries Ltd.* |
3,000 | 4,100 | |||
| Kuraray Co., Ltd. |
3,000 | 25,362 | |||
| Mitsubishi Rayon Co., Ltd. |
7,000 | 13,395 | |||
| Nitto Boseki Co., Ltd.* |
5,000 | 8,758 | |||
| Seiren Co., Ltd. |
800 | 3,580 | |||
| Teijin Ltd. |
11,000 | 23,722 | |||
| Toray Industries, Inc. |
12,000 | 47,990 | |||
| Total Textiles | 126,907 | ||||
| Toys/Games/Hobbies – 0.1% | |||||
| Namco Bandai Holdings, Inc. |
1,800 | 17,914 | |||
| Transportation – 2.7% | |||||
| Hankyu Hanshin Holdings, Inc.* |
12,000 | 54,308 | |||
| Keihin Electric Express Railway Co., Ltd. |
4,000 | 28,835 | |||
| Keio Corp. |
5,000 | 28,349 | |||
| Investments | Shares | U.S. $ Value | |||
| Keisei Electric Railway Co., Ltd. |
7,000 | $ | 34,940 | ||
| Kintetsu Corp.* |
12,000 | 49,813 | |||
| Mitsui O.S.K. Lines Ltd. |
7,000 | 34,089 | |||
| Nagoya Railroad Co., Ltd. |
11,000 | 32,631 | |||
| Nippon Express Co., Ltd. |
12,000 | 37,420 | |||
| Nippon Yusen K.K. |
14,000 | 53,437 | |||
| Odakyu Electric Railway Co., Ltd. |
4,000 | 30,940 | |||
| Seino Holdings Corp.* |
5,000 | 24,046 | |||
| Tobu Railway Co., Ltd. |
8,000 | 40,417 | |||
| Tokyu Corp. |
6,000 | 25,028 | |||
| Yamato Holdings Co., Ltd. |
4,000 | 37,542 | |||
| Total Transportation | 511,795 | ||||
| TOTAL COMMON STOCKS (Cost: $31,531,229) |
18,647,738 | ||||
| SHORT-TERM INVESTMENT – 1.4% | |||||
| MONEY MARKET FUND – 1.4% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $275,608) |
275,608 | 275,608 | |||
| TOTAL INVESTMENTS IN SECURITIES – 98.5% (Cost: $31,806,837) |
18,923,346 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.5% |
289,107 | ||||
| NET ASSETS – 100.0% | $ | 19,212,453 | |||
| * | Non-income producing security. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 53 |
Table of Contents
WisdomTree Japan Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.7% | |||||
| Advertising – 0.3% | |||||
| Asatsu-DK, Inc. |
1,800 | $ | 29,997 | ||
| Moshi Moshi Hotline, Inc. |
1,500 | 26,486 | |||
| Total Advertising | 56,483 | ||||
| Agriculture – 0.2% | |||||
| Hokuto Corp. |
1,900 | 32,875 | |||
| Nosan Corp.* |
4,000 | 8,829 | |||
| Total Agriculture | 41,704 | ||||
| Apparel – 0.5% | |||||
| Daidoh Ltd.* |
4,000 | 20,937 | |||
| Japan Wool Textile Co., Ltd. (The) |
4,000 | 23,124 | |||
| Onward Holdings Co., Ltd.* |
7,000 | 45,500 | |||
| Sanyo Shokai Ltd.* |
7,000 | 22,183 | |||
| Total Apparel | 111,744 | ||||
| Auto Manufacturers – 17.4% | |||||
| Honda Motor Co., Ltd. |
62,700 | 1,469,581 | |||
| Kanto Auto Works Ltd. |
3,200 | 30,519 | |||
| Shinmaywa Industries Ltd. |
7,000 | 14,670 | |||
| Toyota Motor Corp. |
68,800 | 2,173,292 | |||
| Total Auto Manufacturers | 3,688,062 | ||||
| Auto Parts & Equipment – 1.0% | |||||
| Nifco, Inc. |
2,200 | 23,766 | |||
| Nissin Kogyo Co., Ltd. |
2,800 | 23,870 | |||
| Pacific Industrial Co., Ltd. |
2,000 | 5,245 | |||
| Riken Corp. |
7,000 | 15,167 | |||
| Sanoh Industrial Co., Ltd. |
900 | 3,517 | |||
| Showa Corp. |
5,000 | 17,667 | |||
| Sumitomo Rubber Industries, Inc. |
9,400 | 62,432 | |||
| Yokohama Rubber Co., Ltd. (The) |
14,000 | 57,973 | |||
| Total Auto Parts & Equipment | 209,637 | ||||
| Banks – 0.4% | |||||
| Hokuetsu Bank Ltd. (The) |
14,000 | 23,387 | |||
| Kiyo Holdings, Inc. |
31,000 | 38,605 | |||
| Tokyo Tomin Bank Ltd. (The) |
1,800 | 27,701 | |||
| Total Banks | 89,693 | ||||
| Beverages – 0.2% | |||||
| Ito En Ltd. |
3,400 | 41,480 | |||
| Building Materials – 2.0% | |||||
| Asahi Organic Chemicals Industry Co., Ltd. |
5,000 | 13,668 | |||
| Bunka Shutter Co., Ltd. |
3,000 | 11,390 | |||
| Central Glass Co., Ltd. |
11,000 | 32,631 | |||
| Cleanup Corp. |
1,700 | 7,573 | |||
| Daiken Corp. |
6,000 | 9,720 | |||
| JS Group Corp. |
9,900 | 110,858 | |||
| Okabe Co., Ltd. |
1,900 | 6,598 | |||
| Panasonic Electric Works Co., Ltd. |
24,000 | 173,980 | |||
| Sanwa Holdings Corp. |
15,000 | 41,916 | |||
| Takiron Co., Ltd. |
3,000 | 7,320 | |||
| Total Building Materials | 415,654 | ||||
| Investments | Shares | U.S. $ Value | |||
| Chemicals – 3.8% | |||||
| ADEKA Corp. |
4,700 | $ | 29,027 | ||
| Aica Kogyo Co., Ltd. |
4,100 | 35,616 | |||
| Asahi Kasei Corp. |
44,000 | 158,145 | |||
| Dainichiseika Color & Chemicals Manufacturing Co., Ltd. |
3,000 | 6,500 | |||
| Denki Kagaku Kogyo K.K. |
18,000 | 32,257 | |||
| Fujimi, Inc. |
1,900 | 22,449 | |||
| Koatsu Gas Kogyo Co., Ltd. |
2,000 | 9,132 | |||
| Mitsubishi Chemical Holdings Corp. |
48,500 | 164,989 | |||
| Mitsui Chemicals, Inc. |
27,000 | 65,334 | |||
| Nippon Chemical Industrial Co., Ltd. |
3,000 | 4,799 | |||
| Nippon Kayaku Co., Ltd. |
10,000 | 50,116 | |||
| NOF Corp. |
10,000 | 33,715 | |||
| Sakata INX Corp. |
2,000 | 5,488 | |||
| Sanyo Chemical Industries Ltd. |
6,000 | 28,004 | |||
| Sumitomo Bakelite Co., Ltd. |
10,000 | 39,992 | |||
| Sumitomo Seika Chemicals Co., Ltd. |
2,000 | 5,488 | |||
| T. Hasegawa Co., Ltd. |
2,200 | 23,744 | |||
| Taiyo Ink Manufacturing Co., Ltd. |
2,000 | 31,001 | |||
| Toyo Ink Manufacturing Co., Ltd. |
16,000 | 32,237 | |||
| Zeon Corp. |
11,000 | 29,513 | |||
| Total Chemicals | 807,546 | ||||
| Commercial Services – 1.5% | |||||
| Dai Nippon Printing Co., Ltd. |
22,000 | 200,243 | |||
| Kyodo Printing Co., Ltd. |
3,000 | 6,409 | |||
| Meitec Corp. |
1,800 | 22,161 | |||
| Nissin Corp. |
3,000 | 6,500 | |||
| Nomura Co., Ltd. |
4,000 | 9,274 | |||
| Park24 Co., Ltd.* |
10,300 | 69,556 | |||
| Total Commercial Services | 314,143 | ||||
| Computers – 0.2% | |||||
| Hitachi Systems & Services Ltd. |
1,600 | 14,207 | |||
| Information Services International-Dentsu Ltd. |
800 | 4,171 | |||
| NEC Fielding Ltd. |
3,200 | 32,010 | |||
| Total Computers | 50,388 | ||||
| Cosmetics/Personal Care – 0.1% | |||||
| Mandom Corp. |
1,400 | 23,118 | |||
| Milbon Co., Ltd. |
300 | 6,394 | |||
| Total Cosmetics/Personal Care | 29,512 | ||||
| Distribution/Wholesale – 3.0% | |||||
| Ai Holdings Corp. |
4,800 | 13,996 | |||
| Doshisha Co., Ltd. |
700 | 8,774 | |||
| Hakuto Co., Ltd. |
1,000 | 6,004 | |||
| Inaba Denki Sangyo Co., Ltd.* |
1,400 | 31,042 | |||
| Itochu Enex Co., Ltd. |
4,700 | 24,649 | |||
| Japan Pulp & Paper Co., Ltd. |
10,000 | 28,146 | |||
| Ryoden Trading Co., Ltd. |
2,000 | 8,565 | |||
| Ryoyo Electro Corp. |
2,700 | 22,279 | |||
| San-Ai Oil Co., Ltd. |
2,000 | 7,654 | |||
| Sinanen Co., Ltd.* |
7,000 | 30,121 | |||
| Sojitz Corp. |
43,100 | 51,055 | |||
See Notes to Financial Statements.
| 54 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Sumitomo Corp. |
43,100 | $ | 367,858 | ||
| Takachiho Electric Co., Ltd. |
1,000 | 7,087 | |||
| Trusco Nakayama Corp. |
1,900 | 22,526 | |||
| Total Distribution/Wholesale | 629,756 | ||||
| Diversified Financial Services – 0.9% | |||||
| Century Tokyo Leasing Corp. |
5,490 | 32,405 | |||
| Ichiyoshi Securities Co., Ltd. |
3,400 | 14,561 | |||
| Kyokuto Securities Co., Ltd. |
1,600 | 5,087 | |||
| Okasan Securities Group, Inc.* |
10,000 | 35,537 | |||
| SFCG Co., Ltd. |
570 | 11 | |||
| Shinko Securities Co., Ltd.* |
34,000 | 65,749 | |||
| Tokai Tokyo Financial Holdings |
16,000 | 28,511 | |||
| Total Diversified Financial Services | 181,861 | ||||
| Electric – 16.7% | |||||
| Chubu Electric Power Co., Inc. |
25,200 | 553,650 | |||
| Chugoku Electric Power Co., Inc. (The) |
11,600 | 251,332 | |||
| Hokkaido Electric Power Co., Inc. |
8,700 | 174,405 | |||
| Kansai Electric Power Co., Inc. (The) |
33,600 | 727,994 | |||
| Kyushu Electric Power Co., Inc. |
17,900 | 400,516 | |||
| Tohoku Electric Power Co., Inc. |
18,900 | 414,281 | |||
| Tokyo Electric Power Co., Inc. (The) |
41,600 | 1,036,104 | |||
| Total Electric | 3,558,282 | ||||
| Electrical Components & Equipment – 0.3% | |||||
| Fujikura Ltd. |
11,000 | 30,181 | |||
| Kyosan Electric Manufacturing Co., Ltd. |
2,000 | 6,217 | |||
| Nippon Signal Co., Ltd. (The) |
4,500 | 25,058 | |||
| Total Electrical Components & Equipment | 61,456 | ||||
| Electronics – 3.0% | |||||
| Chiyoda Integre Co., Ltd.* |
500 | 5,315 | |||
| Cosel Co., Ltd. |
2,700 | 20,830 | |||
| Eizo Nanao Corp. |
1,600 | 25,595 | |||
| HOYA CORP. |
14,700 | 287,243 | |||
| Idec Corp. |
3,400 | 18,107 | |||
| Kaga Electronics Co., Ltd. |
2,200 | 17,819 | |||
| Koa Corp. |
1,300 | 5,581 | |||
| Nichicon Corp. |
3,800 | 28,547 | |||
| Nidec Copal Electronics Corp. |
1,800 | 9,495 | |||
| Optex Co., Ltd. |
500 | 4,171 | |||
| Ryosan Co., Ltd. |
2,300 | 47,737 | |||
| Sanshin Electronics Co., Ltd. |
2,600 | 16,505 | |||
| Sanyo Denki Co., Ltd. |
2,000 | 3,888 | |||
| Sato Corp. |
2,200 | 15,970 | |||
| Shinko Shoji Co., Ltd. |
1,200 | 7,861 | |||
| SMK Corp. |
4,000 | 8,545 | |||
| Sodick Co., Ltd. |
5,300 | 8,747 | |||
| Star Micronics Co., Ltd. |
3,100 | 28,436 | |||
| Sumida Corp. |
600 | 2,679 | |||
| Toyo Corp./Chuo-Ku |
4,200 | 35,549 | |||
| Yamatake Corp. |
2,500 | 42,751 | |||
| Total Electronics | 641,371 | ||||
| Engineering & Construction – 0.4% | |||||
| Airport Facilities Co., Ltd. |
1,600 | 8,213 | |||
| Investments | Shares | U.S. $ Value | |||
| COMSYS Holdings Corp. |
5,000 | $ | 41,713 | ||
| Nippon Koei Co., Ltd.* |
3,000 | 6,652 | |||
| Nishimatsu Construction Co., Ltd.* |
16,000 | 12,797 | |||
| Takasago Thermal Engineering Co., Ltd. |
4,000 | 24,461 | |||
| Total Engineering & Construction | 93,836 | ||||
| Entertainment – 0.8% | |||||
| Avex Group Holdings, Inc. |
3,100 | 28,122 | |||
| Heiwa Corp.(a) |
9,400 | 82,703 | |||
| Mars Engineering Corp. |
1,800 | 51,392 | |||
| Total Entertainment | 162,217 | ||||
| Food – 0.4% | |||||
| Fujicco Co., Ltd. |
1,000 | 11,502 | |||
| Kato Sangyo Co., Ltd. |
1,100 | 16,004 | |||
| Kyokuyo Co., Ltd.* |
3,000 | 5,680 | |||
| Marudai Food Co., Ltd.* |
4,000 | 9,517 | |||
| Morinaga & Co., Ltd.* |
17,000 | 34,079 | |||
| Yokohama Reito Co., Ltd. |
2,000 | 11,724 | |||
| Total Food | 88,506 | ||||
| Forest Products & Paper – 1.1% | |||||
| Chuetsu Pulp & Paper Co., Ltd. |
4,000 | 10,044 | |||
| Hokuetsu Paper Mills Ltd. |
10,500 | 44,649 | |||
| OJI Paper Co., Ltd. |
36,000 | 145,793 | |||
| Pack Corp. (The) |
600 | 7,466 | |||
| Tokushu Tokai Holdings Co., Ltd.* |
14,000 | 36,003 | |||
| Total Forest Products & Paper | 243,955 | ||||
| Gas – 0.2% | |||||
| Saibu Gas Co., Ltd. |
18,000 | 47,201 | |||
| Hand/Machine Tools – 0.1% | |||||
| Asahi Diamond Industrial Co., Ltd. |
4,000 | 16,928 | |||
| Hitachi Tool Engineering Ltd. |
700 | 4,075 | |||
| Total Hand/Machine Tools | 21,003 | ||||
| Healthcare-Products – 0.3% | |||||
| As One Corp. |
400 | 6,504 | |||
| Nipro Corp. |
4,000 | 62,124 | |||
| Total Healthcare-Products | 68,628 | ||||
| Home Builders – 1.2% | |||||
| Mitsui Home Co., Ltd. |
4,000 | 16,807 | |||
| PanaHome Corp. |
8,000 | 48,112 | |||
| Sekisui House Ltd. |
22,000 | 165,718 | |||
| Token Corp. |
800 | 19,115 | |||
| Total Home Builders | 249,752 | ||||
| Home Furnishings – 0.3% | |||||
| France Bed Holdings Co., Ltd. |
19,000 | 25,200 | |||
| Noritz Corp. |
2,400 | 31,613 | |||
| Toa Corp./Hyogo |
2,000 | 9,395 | |||
| Total Home Furnishings | 66,208 | ||||
| Housewares – 0.3% | |||||
| Sangetsu Co., Ltd. |
2,900 | 62,099 | |||
| Internet – 1.2% | |||||
| Matsui Securities Co., Ltd.* |
12,200 | 79,299 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 55 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Trend Micro, Inc.* |
6,000 | $ | 168,270 | ||
| Total Internet | 247,569 | ||||
| Iron/Steel – 0.6% | |||||
| Daido Metal Co., Ltd. |
2,000 | 9,780 | |||
| Kyoei Steel Ltd. |
2,100 | 41,014 | |||
| Mitsubishi Steel Manufacturing Co., Ltd. |
6,000 | 11,056 | |||
| Nippon Metal Industry Co., Ltd. |
11,000 | 12,696 | |||
| Topy Industries Ltd. |
13,000 | 18,953 | |||
| Yodogawa Steel Works Ltd. |
10,000 | 40,903 | |||
| Total Iron/Steel | 134,402 | ||||
| Leisure Time – 0.5% | |||||
| Daiwa Seiko, Inc. |
4,000 | 5,467 | |||
| Sega Sammy Holdings, Inc. |
12,600 | 110,092 | |||
| Total Leisure Time | 115,559 | ||||
| Lodging – 0.1% | |||||
| Resorttrust, Inc. |
3,200 | 29,418 | |||
| Machinery-Construction & Mining – 0.1% | |||||
| Aichi Corp. |
4,500 | 18,315 | |||
| Machinery-Diversified – 0.9% | |||||
| Aida Engineering Ltd.* |
5,100 | 14,355 | |||
| Amada Co., Ltd. |
14,000 | 73,423 | |||
| CKD Corp. |
4,300 | 13,931 | |||
| Daifuku Co., Ltd. |
5,500 | 29,402 | |||
| Furukawa Co., Ltd. |
27,000 | 22,416 | |||
| Max Co., Ltd.* |
3,000 | 31,983 | |||
| Obara Corp. |
700 | 4,259 | |||
| Tsugami Corp. |
2,000 | 2,936 | |||
| Total Machinery-Diversified | 192,705 | ||||
| Metal Fabricate/Hardware – 0.7% | |||||
| Daiichi Jitsugyo Co., Ltd. |
2,000 | 4,860 | |||
| Furukawa-Sky Aluminum Corp. |
13,000 | 20,006 | |||
| Kitz Corp. |
6,000 | 18,163 | |||
| NTN Corp. |
18,000 | 50,481 | |||
| Oiles Corp. |
2,140 | 24,873 | |||
| Onoken Co., Ltd.* |
1,600 | 11,826 | |||
| Tocalo Co., Ltd. |
500 | 4,536 | |||
| Yamazen Corp. |
6,400 | 19,698 | |||
| Total Metal Fabricate/Hardware | 154,443 | ||||
| Mining – 0.5% | |||||
| Chuo Denki Kogyo Co., Ltd.* |
2,000 | 10,165 | |||
| DOWA Holding Co., Ltd.* |
11,000 | 40,873 | |||
| Pacific Metals Co., Ltd. |
12,000 | 52,242 | |||
| Total Mining | 103,280 | ||||
| Miscellaneous Manufacturing – 0.5% | |||||
| Amano Corp. |
4,600 | 36,560 | |||
| Bando Chemical Industries Ltd. |
3,000 | 6,743 | |||
| Mitsuboshi Belting Co., Ltd. |
5,739 | 22,835 | |||
| Nippon Valqua Industries Ltd. |
4,000 | 7,816 | |||
| Sekisui Plastics Co., Ltd. |
3,000 | 8,808 | |||
| Shin-Etsu Polymer Co., Ltd. |
4,000 | 17,131 | |||
| Investments | Shares | U.S. $ Value | |||
| Tamron Co., Ltd. |
1,500 | $ | 15,475 | ||
| Total Miscellaneous Manufacturing | 115,368 | ||||
| Oil & Gas – 4.3% | |||||
| Cosmo Oil Co., Ltd. |
31,000 | 93,530 | |||
| Nippon Mining Holdings, Inc. |
30,500 | 120,431 | |||
| Nippon Oil Corp. |
55,000 | 271,186 | |||
| Showa Shell Sekiyu K.K. |
16,400 | 148,774 | |||
| TonenGeneral Sekiyu K.K. |
28,000 | 272,998 | |||
| Total Oil & Gas | 906,919 | ||||
| Packaging & Containers – 0.1% | |||||
| Nihon Yamamura Glass Co., Ltd. |
5,000 | 10,378 | |||
| Pharmaceuticals – 14.0% | |||||
| Astellas Pharma, Inc. |
18,000 | 550,370 | |||
| Daiichi Sankyo Co., Ltd. |
27,000 | 450,501 | |||
| Eisai Co., Ltd. |
14,800 | 431,548 | |||
| Kaken Pharmaceutical Co., Ltd. |
5,000 | 41,966 | |||
| Kyorin Co., Ltd. |
4,000 | 49,489 | |||
| Seikagaku Corp. |
3,000 | 29,493 | |||
| SSP Co., Ltd.* |
7,000 | 36,499 | |||
| Takeda Pharmaceutical Co., Ltd. |
40,300 | 1,387,263 | |||
| Total Pharmaceuticals | 2,977,129 | ||||
| Real Estate – 0.6% | |||||
| Leopalace21 Corp. |
8,300 | 48,908 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
1,320 | 37,888 | |||
| Tokyu Community Corp. |
1,000 | 15,571 | |||
| Tokyu Livable, Inc.* |
4,400 | 18,844 | |||
| Total Real Estate | 121,211 | ||||
| Retail – 3.1% | |||||
| Arcs Co., Ltd. |
2,175 | 30,235 | |||
| Best Denki Co., Ltd.* |
5,000 | 14,326 | |||
| Chiyoda Co., Ltd. |
2,100 | 29,298 | |||
| Circle K Sunkus Co., Ltd. |
3,210 | 45,565 | |||
| Gulliver International Co., Ltd. |
1,000 | 15,025 | |||
| Honeys Co., Ltd.* |
1,140 | 6,302 | |||
| Keiyo Co., Ltd.(a) |
1,700 | 8,761 | |||
| Lawson, Inc. |
4,600 | 190,017 | |||
| Marui Group Co., Ltd. |
15,500 | 82,075 | |||
| Paris Miki Holdings, Inc. |
3,300 | 28,733 | |||
| Plenus Co., Ltd. |
2,700 | 41,196 | |||
| Point, Inc. |
1,310 | 59,286 | |||
| Sanei-International Co., Ltd.* |
700 | 4,628 | |||
| Seiko Holdings Corp. |
9,000 | 17,404 | |||
| Senshukai Co., Ltd. |
1,500 | 10,570 | |||
| United Arrows Ltd. |
4,400 | 23,120 | |||
| USS Co., Ltd. |
1,140 | 49,630 | |||
| Total Retail | 656,171 | ||||
| Semiconductors – 0.1% | |||||
| Sanken Electric Co., Ltd. |
5,000 | 12,808 | |||
| Software – 1.6% | |||||
| Koei Co., Ltd. |
4,200 | 33,593 | |||
| NEC Mobiling Ltd. |
600 | 9,270 | |||
See Notes to Financial Statements.
| 56 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Oracle Corp. |
8,000 | $ | 301,306 | ||
| Total Software | 344,169 | ||||
| Telecommunications – 10.8% | |||||
| Denki Kogyo Co., Ltd. |
9,000 | 49,478 | |||
| NTT DoCoMo, Inc.* |
1,660 | 2,247,059 | |||
| Total Telecommunications | 2,296,537 | ||||
| Textiles – 0.5% | |||||
| Japan Vilene Co., Ltd. |
2,000 | 7,897 | |||
| Mitsubishi Rayon Co., Ltd. |
29,000 | 55,493 | |||
| Toyobo Co., Ltd.* |
27,000 | 34,717 | |||
| Total Textiles | 98,107 | ||||
| Transportation – 0.9% | |||||
| Inui Steamship Co., Ltd.* |
1,900 | 11,542 | |||
| Japan Transcity Corp. |
2,000 | 6,014 | |||
| Nippon Yusen K.K. |
43,000 | 164,129 | |||
| Total Transportation | 181,685 | ||||
| TOTAL COMMON STOCKS (Cost: $30,122,286) |
20,748,350 | ||||
| SHORT-TERM INVESTMENT – 0.9% | |||||
| MONEY MARKET FUND – 0.9% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $186,213) |
186,213 | 186,213 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% | |||||
| MONEY MARKET FUND – 0.4% | |||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $96,007)(d) |
96,007 | 96,007 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.0% (Cost: $30,404,506) | 21,030,570 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.0% |
214,752 | ||||
| NET ASSETS – 100.0% | $ | 21,245,322 | |||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $89,110 and the total market value of the collateral held by the Fund was $96,007. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 57 |
Table of Contents
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.4% | |||||
| Advertising – 0.5% | |||||
| Asatsu-DK, Inc. |
9,800 | $ | 163,317 | ||
| Moshi Moshi Hotline, Inc. |
7,600 | 134,194 | |||
| Total Advertising | 297,511 | ||||
| Agriculture – 0.6% | |||||
| Hokuto Corp. |
13,100 | 226,667 | |||
| Nosan Corp.* |
38,000 | 83,872 | |||
| Sakata Seed Corp.(a) |
4,300 | 56,422 | |||
| Total Agriculture | 366,961 | ||||
| Apparel – 2.1% | |||||
| Daidoh Ltd.* |
16,700 | 87,414 | |||
| Gunze Ltd.* |
45,000 | 128,480 | |||
| Japan Wool Textile Co., Ltd. (The) |
21,000 | 121,403 | |||
| Onward Holdings Co., Ltd.* |
55,000 | 357,497 | |||
| Sanyo Shokai Ltd.* |
56,000 | 177,463 | |||
| Tokyo Style Co., Ltd.* |
23,000 | 156,718 | |||
| Wacoal Holdings Corp.* (a) |
31,000 | 357,801 | |||
| Total Apparel | 1,386,776 | ||||
| Auto Manufacturers – 0.7% | |||||
| Kanto Auto Works Ltd. |
20,200 | 192,654 | |||
| Nissan Shatai Co., Ltd. |
37,000 | 212,777 | |||
| Shinmaywa Industries Ltd. |
27,000 | 56,586 | |||
| Total Auto Manufacturers | 462,017 | ||||
| Auto Parts & Equipment – 2.7% | |||||
| Aisan Industry Co., Ltd. |
13,300 | 60,865 | |||
| Eagle Industry Co., Ltd.* |
11,000 | 35,081 | |||
| Exedy Corp. |
8,000 | 100,678 | |||
| FCC Co., Ltd. |
9,900 | 101,436 | |||
| Futaba Industrial Co., Ltd. |
12,100 | 34,669 | |||
| Kayaba Industry Co., Ltd. |
63,000 | 79,731 | |||
| Keihin Corp. |
16,200 | 172,054 | |||
| Musashi Seimitsu Industry Co., Ltd. |
6,300 | 63,785 | |||
| Nifco, Inc. |
19,500 | 210,656 | |||
| Nissin Kogyo Co., Ltd. |
17,300 | 147,480 | |||
| Press Kogyo Co., Ltd. |
35,000 | 34,018 | |||
| Riken Corp. |
37,000 | 80,166 | |||
| Showa Corp. |
27,400 | 96,817 | |||
| Takata Corp. |
15,100 | 122,916 | |||
| Teikoku Piston Ring Co., Ltd. |
13,700 | 38,283 | |||
| TS Tech Co., Ltd. |
9,300 | 65,534 | |||
| Yokohama Rubber Co., Ltd. (The) |
89,000 | 368,543 | |||
| Total Auto Parts & Equipment | 1,812,712 | ||||
| Banks – 7.7% | |||||
| Akita Bank Ltd. (The) |
36,000 | 134,130 | |||
| Aomori Bank Ltd. (The) |
35,000 | 134,302 | |||
| Awa Bank Ltd. (The) |
29,000 | 176,167 | |||
| Bank of Iwate Ltd. (The)(a) |
2,000 | 94,968 | |||
| Bank of Nagoya Ltd. (The) |
26,000 | 108,454 | |||
| Bank of Okinawa Ltd. (The) |
4,500 | 137,137 | |||
| Bank of Saga Ltd. (The) |
42,000 | 138,625 | |||
| Chukyo Bank Ltd. (The) |
59,000 | 192,346 | |||
| Investments | Shares | U.S. $ Value | |||
| Daisan Bank Ltd. (The) |
29,000 | $ | 86,028 | ||
| Daishi Bank Ltd. (The) |
65,000 | 254,683 | |||
| Ehime Bank Ltd. (The) |
42,000 | 111,410 | |||
| Eighteenth Bank Ltd. (The) |
25,000 | 85,299 | |||
| Fukui Bank Ltd. (The) |
57,000 | 178,900 | |||
| Higo Bank Ltd. (The) |
29,000 | 167,065 | |||
| Hokkoku Bank Ltd. (The) |
54,000 | 191,900 | |||
| Hokuetsu Bank Ltd. (The) |
98,000 | 163,714 | |||
| Hyakugo Bank Ltd. (The) |
35,000 | 178,597 | |||
| Hyakujushi Bank Ltd. (The) |
41,000 | 192,194 | |||
| Juroku Bank Ltd. (The) |
23,000 | 76,379 | |||
| Kagoshima Bank Ltd. (The) |
21,000 | 145,854 | |||
| Keiyo Bank Ltd. (The) |
40,000 | 161,183 | |||
| Kiyo Holdings, Inc. |
215,000 | 267,743 | |||
| Michinoku Bank Ltd. (The)* |
27,000 | 68,341 | |||
| Mie Bank Ltd. (The) |
23,000 | 71,489 | |||
| Miyazaki Bank Ltd. (The) |
24,000 | 97,438 | |||
| Musashino Bank Ltd. (The) |
5,900 | 181,594 | |||
| Ogaki Kyoritsu Bank Ltd. (The) |
40,000 | 183,051 | |||
| Oita Bank Ltd. (The) |
19,000 | 105,032 | |||
| San-In Godo Bank Ltd. (The) |
19,000 | 145,621 | |||
| Shiga Bank Ltd. (The) |
27,000 | 146,522 | |||
| Shikoku Bank Ltd. (The) |
40,000 | 155,513 | |||
| Tochigi Bank Ltd. (The) |
18,000 | 87,294 | |||
| Toho Bank Ltd. (The) |
36,000 | 143,242 | |||
| Tokyo Tomin Bank Ltd. (The) |
8,400 | 129,270 | |||
| Yamagata Bank Ltd. (The) |
19,000 | 90,412 | |||
| Yamanashi Chuo Bank Ltd. (The) |
22,000 | 114,711 | |||
| Total Banks | 5,096,608 | ||||
| Beverages – 1.3% | |||||
| Ito En Ltd. |
17,500 | 213,501 | |||
| Kagome Co., Ltd.*(a) |
12,300 | 177,582 | |||
| Mercian Corp. |
42,000 | 71,864 | |||
| Mikuni Coca-Cola Bottling Co., Ltd. |
24,100 | 189,101 | |||
| Takara Holdings, Inc.* |
44,000 | 219,176 | |||
| Total Beverages | 871,224 | ||||
| Building Materials – 2.7% | |||||
| Asahi Organic Chemicals Industry Co., Ltd. |
27,000 | 73,808 | |||
| Bunka Shutter Co., Ltd. |
23,000 | 87,324 | |||
| Central Glass Co., Ltd. |
63,000 | 186,889 | |||
| Chofu Seisakusho Co., Ltd. |
8,000 | 149,033 | |||
| Cleanup Corp. |
16,800 | 74,840 | |||
| Daiken Corp. |
44,000 | 71,277 | |||
| Fujitec Co., Ltd. |
23,000 | 77,777 | |||
| Nice Holdings, Inc.* |
23,000 | 36,094 | |||
| Rinnai Corp. |
7,200 | 250,035 | |||
| Sanwa Holdings Corp. |
121,000 | 338,119 | |||
| Sumitomo Osaka Cement Co., Ltd. |
90,000 | 206,844 | |||
| Takara Standard Co., Ltd.* |
42,000 | 247,484 | |||
| Total Building Materials | 1,799,524 | ||||
| Chemicals – 7.0% | |||||
| ADEKA Corp. |
21,000 | 129,695 | |||
| Aica Kogyo Co., Ltd. |
20,800 | 180,686 | |||
See Notes to Financial Statements.
| 58 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Chugoku Marine Paints Ltd. |
14,000 | $ | 83,912 | ||
| Dainichiseika Color & Chemicals Manufacturing Co., Ltd. |
24,000 | 52,000 | |||
| Denki Kagaku Kogyo K.K. |
127,000 | 227,589 | |||
| Fujimi, Inc. |
8,000 | 94,523 | |||
| Gun-Ei Chemical Industry Co., Ltd. |
24,000 | 50,785 | |||
| Kansai Paint Co., Ltd. |
64,000 | 354,440 | |||
| Koatsu Gas Kogyo Co., Ltd. |
21,000 | 95,889 | |||
| Lintec Corp. |
10,100 | 125,061 | |||
| Nihon Parkerizing Co., Ltd. |
17,000 | 147,332 | |||
| Nippon Chemical Industrial Co., Ltd. |
60,000 | 95,981 | |||
| Nippon Kayaku Co., Ltd. |
80,000 | 400,932 | |||
| Nippon Paint Co., Ltd. |
81,000 | 314,913 | |||
| Nippon Shokubai Co., Ltd. |
37,000 | 233,006 | |||
| Nippon Soda Co., Ltd.* |
22,000 | 63,926 | |||
| NOF Corp. |
57,000 | 192,174 | |||
| Sakata INX Corp. |
27,000 | 74,081 | |||
| Sanyo Chemical Industries Ltd. |
39,000 | 182,029 | |||
| Sumitomo Bakelite Co., Ltd. |
72,000 | 287,942 | |||
| Sumitomo Seika Chemicals Co., Ltd. |
21,000 | 57,619 | |||
| T. Hasegawa Co., Ltd. |
9,100 | 98,214 | |||
| Taiyo Ink Manufacturing Co., Ltd. |
9,600 | 148,806 | |||
| Takasago International Corp. |
27,000 | 133,128 | |||
| Toagosei Co., Ltd. |
84,000 | 187,101 | |||
| Tokuyama Corp. |
20,000 | 126,557 | |||
| Tokyo Ohka Kogyo Co., Ltd. |
8,400 | 116,258 | |||
| Toyo Ink Manufacturing Co., Ltd. |
100,000 | 201,478 | |||
| Zeon Corp. |
61,000 | 163,663 | |||
| Total Chemicals | 4,619,720 | ||||
| Commercial Services – 3.2% | |||||
| Aeon Delight Co., Ltd. |
3,200 | 40,110 | |||
| Duskin Co., Ltd.* |
10,600 | 168,278 | |||
| Kanamoto Co., Ltd. |
17,000 | 57,315 | |||
| Kyodo Printing Co., Ltd. |
59,000 | 126,040 | |||
| Meitec Corp. |
16,300 | 200,676 | |||
| Nichii Gakkan Co.* |
12,600 | 100,907 | |||
| Nissin Corp. |
82,000 | 177,665 | |||
| Nomura Co., Ltd. |
25,000 | 57,963 | |||
| Park24 Co., Ltd.* |
67,900 | 458,533 | |||
| Sohgo Security Services Co., Ltd. |
27,800 | 237,836 | |||
| TKC Corp. |
5,600 | 111,240 | |||
| Toppan Forms Co., Ltd. |
33,700 | 376,681 | |||
| Total Commercial Services | 2,113,244 | ||||
| Computers – 1.8% | |||||
| Hitachi Information Systems Ltd. |
10,900 | 178,669 | |||
| Hitachi Maxell Ltd. |
24,400 | 175,150 | |||
| Hitachi Systems & Services Ltd. |
14,400 | 127,861 | |||
| Information Services International-Dentsu Ltd. |
10,500 | 54,748 | |||
| JBCC Holdings, Inc. |
21,100 | 123,049 | |||
| NEC Fielding Ltd. |
21,600 | 216,066 | |||
| NS Solutions Corp. |
8,900 | 99,930 | |||
| Obic Co., Ltd. |
1,500 | 186,798 | |||
| Roland DG Corp. |
4,200 | 50,943 | |||
| Total Computers | 1,213,214 | ||||
| Investments | Shares | U.S. $ Value | |||
| Cosmetics/Personal Care – 1.6% | |||||
| Aderans Co., Ltd. |
13,200 | $ | 94,887 | ||
| Fancl Corp. |
17,700 | 199,992 | |||
| Kose Corp. |
10,000 | 185,076 | |||
| Lion Corp. |
80,000 | 371,773 | |||
| Mandom Corp. |
10,500 | 173,388 | |||
| Total Cosmetics/Personal Care | 1,025,116 | ||||
| Distribution/Wholesale – 3.7% | |||||
| Advan Co., Ltd.* |
10,500 | 48,476 | |||
| Ai Holdings Corp. |
23,600 | 68,814 | |||
| Doshisha Co., Ltd. |
4,200 | 52,643 | |||
| Fuji Electronics Co., Ltd.* |
10,600 | 80,705 | |||
| Hakuto Co., Ltd. |
17,300 | 103,867 | |||
| Hanwa Co., Ltd. |
64,000 | 161,345 | |||
| Inaba Denki Sangyo Co., Ltd.* |
8,400 | 186,251 | |||
| Itochu Enex Co., Ltd. |
35,100 | 184,082 | |||
| IWATANI Corp.* |
47,000 | 104,212 | |||
| Japan Pulp & Paper Co., Ltd. |
44,000 | 123,843 | |||
| JFE Shoji Holdings, Inc. |
27,000 | 71,074 | |||
| Matsuda Sangyo Co., Ltd.(a) |
4,740 | 53,509 | |||
| Mitsuuroko Co., Ltd.* |
22,500 | 127,569 | |||
| Nagase & Co., Ltd.* |
19,000 | 146,391 | |||
| Ryoden Trading Co., Ltd. |
35,000 | 149,894 | |||
| Ryoshoku Ltd. |
6,000 | 136,681 | |||
| Ryoyo Electro Corp. |
17,200 | 141,926 | |||
| San-Ai Oil Co., Ltd. |
24,000 | 91,850 | |||
| Sankyo Seiko Co., Ltd.* |
25,600 | 47,172 | |||
| Satori Electric Co., Ltd. |
11,100 | 42,930 | |||
| Sinanen Co., Ltd.* |
27,000 | 116,179 | |||
| Takachiho Electric Co., Ltd. |
7,500 | 53,154 | |||
| Trusco Nakayama Corp. |
10,500 | 124,486 | |||
| Total Distribution/Wholesale | 2,417,053 | ||||
| Diversified Financial Services – 1.3% | |||||
| Century Tokyo Leasing Corp. |
32,855 | 193,930 | |||
| Ichiyoshi Securities Co., Ltd. |
16,400 | 70,236 | |||
| Kyokuto Securities Co., Ltd. |
15,100 | 48,004 | |||
| Mizuho Investors Securities Co., Ltd.* |
68,000 | 57,143 | |||
| Okasan Securities Group, Inc.* |
69,000 | 245,206 | |||
| Tokai Tokyo Financial Holdings |
140,000 | 249,469 | |||
| Total Diversified Financial Services | 863,988 | ||||
| Electric – 0.1% | |||||
| Okinawa Electric Power Co., Inc. (The) |
1,500 | 79,579 | |||
| Electrical Components & Equipment – 1.5% | |||||
| Fujikura Ltd. |
62,000 | 170,112 | |||
| GS Yuasa Corp.*(a) |
49,000 | 240,113 | |||
| Hitachi Cable Ltd. |
90,000 | 173,130 | |||
| Nippon Signal Co., Ltd. (The) |
18,900 | 105,245 | |||
| Nissin Electric Co., Ltd. |
12,000 | 37,299 | |||
| SINFONIA TECHNOLOGY Co., Ltd.* |
19,000 | 41,743 | |||
| Toshiba TEC Corp. |
82,000 | 208,383 | |||
| Total Electrical Components & Equipment | 976,025 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 59 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Electronics – 4.4% | |||||
| Chiyoda Integre Co., Ltd.* |
4,600 | $ | 48,902 | ||
| Cosel Co., Ltd. |
9,900 | 76,377 | |||
| Eizo Nanao Corp. |
7,800 | 124,775 | |||
| Horiba Ltd. |
6,200 | 105,583 | |||
| Idec Corp. |
19,800 | 105,445 | |||
| Japan Aviation Electronics Industry Ltd. |
16,000 | 78,242 | |||
| Kaga Electronics Co., Ltd. |
8,800 | 71,277 | |||
| Koa Corp. |
10,700 | 45,933 | |||
| Kuroda Electric Co., Ltd. |
6,300 | 34,444 | |||
| Nichicon Corp. |
18,200 | 136,726 | |||
| Nidec Copal Corp. |
14,700 | 95,996 | |||
| Nidec Copal Electronics Corp. |
14,200 | 74,903 | |||
| Nihon Dempa Kogyo Co., Ltd. |
4,600 | 68,555 | |||
| Nitto Kogyo Corp. |
10,500 | 80,156 | |||
| Osaki Electric Co., Ltd. |
9,000 | 65,607 | |||
| Ryosan Co., Ltd. |
19,500 | 404,728 | |||
| Sanshin Electronics Co., Ltd. |
10,500 | 66,655 | |||
| Sanyo Denki Co., Ltd. |
18,000 | 34,990 | |||
| Sato Corp. |
8,100 | 58,800 | |||
| Shinko Shoji Co., Ltd. |
10,900 | 71,401 | |||
| SMK Corp. |
22,000 | 46,998 | |||
| Sodick Co., Ltd. |
63,300 | 104,464 | |||
| Star Micronics Co., Ltd. |
18,700 | 171,532 | |||
| Sumida Corp. |
6,300 | 28,129 | |||
| Taiyo Yuden Co., Ltd. |
8,000 | 60,261 | |||
| Toyo Corp./Chuo-Ku |
27,200 | 230,224 | |||
| Ulvac, Inc.* |
5,800 | 105,230 | |||
| Yamatake Corp. |
18,200 | 311,226 | |||
| Total Electronics | 2,907,559 | ||||
| Engineering & Construction – 5.5% | |||||
| Asunaro Aoki Construction Co., Ltd.* |
17,000 | 55,077 | |||
| COMSYS Holdings Corp. |
26,000 | 216,908 | |||
| Japan Airport Terminal Co., Ltd. |
13,200 | 138,990 | |||
| Kandenko Co., Ltd. |
46,000 | 305,984 | |||
| Kyowa Exeo Corp. |
22,000 | 178,192 | |||
| Kyudenko Corp. |
23,000 | 146,937 | |||
| Maeda Corp.* |
47,000 | 162,742 | |||
| Maeda Road Construction Co., Ltd.* |
26,000 | 228,490 | |||
| NEC Networks & System Integration Corp. |
8,400 | 71,439 | |||
| Nippo Corp.* |
21,000 | 170,943 | |||
| Nippon Densetsu Kogyo Co., Ltd.* |
21,000 | 181,573 | |||
| Nippon Koei Co., Ltd.* |
24,000 | 53,214 | |||
| Nishimatsu Construction Co., Ltd.* |
110,000 | 87,982 | |||
| Okumura Corp. |
66,000 | 232,540 | |||
| Sanki Engineering Co., Ltd. |
21,000 | 114,387 | |||
| Shinko Plantech Co., Ltd.* |
6,800 | 41,790 | |||
| Taihei Kogyo Co., Ltd.* |
25,000 | 55,432 | |||
| Taikisha Ltd. |
16,700 | 177,365 | |||
| Takasago Thermal Engineering Co., Ltd. |
25,000 | 152,880 | |||
| Toda Corp.* |
84,000 | 257,690 | |||
| Toenec Corp. |
19,000 | 101,185 | |||
| Toshiba Plant Systems & Services Corp.(a) |
29,000 | 244,285 | |||
| Toyo Engineering Corp.* |
23,000 | 66,832 | |||
| Investments | Shares | U.S. $ Value | |||
| Tsukishima Kikai Co., Ltd. |
16,000 | $ | 76,946 | ||
| Yurtec Corp. |
24,000 | 128,298 | |||
| Total Engineering & Construction | 3,648,101 | ||||
| Entertainment – 1.8% | |||||
| Aeon Fantasy Co., Ltd.* |
7,600 | 52,093 | |||
| Avex Group Holdings, Inc. |
17,000 | 154,217 | |||
| Heiwa Corp.(a) |
69,900 | 614,995 | |||
| Mars Engineering Corp. |
8,100 | 231,265 | |||
| Toei Co., Ltd. |
21,000 | 90,999 | |||
| Tokyotokeiba Co., Ltd. |
42,000 | 54,429 | |||
| Total Entertainment | 1,197,998 | ||||
| Environmental Control – 0.2% | |||||
| Asahi Pretec Corp. |
7,600 | 114,650 | |||
| Food – 5.8% | |||||
| Ariake Japan Co., Ltd. |
6,600 | 87,069 | |||
| Ezaki Glico Co., Ltd. |
20,000 | 199,048 | |||
| Fuji Oil Co., Ltd. |
22,800 | 244,228 | |||
| House Foods Corp. |
23,600 | 326,868 | |||
| Itoham Foods, Inc.* |
26,000 | 74,233 | |||
| J-Oil Mills, Inc. |
26,000 | 69,232 | |||
| Kato Sangyo Co., Ltd. |
10,500 | 152,764 | |||
| Marudai Food Co., Ltd.* |
20,000 | 47,585 | |||
| Maruha Nichiro Holdings, Inc.* |
66,000 | 90,210 | |||
| Meiji Dairies Corp. |
46,000 | 190,949 | |||
| Meiji Seika Kaisha Ltd.(a) |
91,000 | 318,781 | |||
| Mitsui Sugar Co., Ltd. |
26,000 | 70,285 | |||
| Morinaga & Co., Ltd.* |
87,000 | 174,405 | |||
| Morinaga Milk Industry Co., Ltd.* |
78,000 | 232,966 | |||
| Nichirei Corp. |
61,000 | 215,541 | |||
| Nippon Beet Sugar Manufacturing Co., Ltd.* |
19,000 | 42,513 | |||
| Nippon Flour Mills Co., Ltd. |
17,000 | 69,191 | |||
| Nippon Suisan Kaisha Ltd. |
64,500 | 167,829 | |||
| Nisshin Oillio Group Ltd. (The) |
37,000 | 159,957 | |||
| QP Corp. |
37,500 | 402,830 | |||
| Showa Sangyo Co., Ltd.* |
65,000 | 182,292 | |||
| Snow Brand Milk Products Co., Ltd.* |
16,000 | 43,900 | |||
| Starzen Co., Ltd.* |
59,000 | 137,987 | |||
| Yokohama Reito Co., Ltd. |
18,000 | 105,518 | |||
| Total Food | 3,806,181 | ||||
| Forest Products & Paper – 1.3% | |||||
| Chuetsu Pulp & Paper Co., Ltd. |
44,000 | 110,479 | |||
| Daio Paper Corp. |
28,000 | 246,917 | |||
| Hokuetsu Paper Mills Ltd. |
65,000 | 276,400 | |||
| Mitsubishi Paper Mills Ltd.* |
100,000 | 138,706 | |||
| Tokushu Tokai Holdings Co., Ltd.* |
38,000 | 97,722 | |||
| Total Forest Products & Paper | 870,224 | ||||
| Gas – 0.6% | |||||
| Saibu Gas Co., Ltd. |
146,000 | 382,849 | |||
| Hand/Machine Tools – 1.2% | |||||
| Asahi Diamond Industrial Co., Ltd. |
21,000 | 88,873 | |||
| Disco Corp.(a) |
6,200 | 152,850 | |||
| Hitachi Koki Co., Ltd. |
29,700 | 243,566 | |||
See Notes to Financial Statements.
| 60 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Hitachi Tool Engineering Ltd. |
6,600 | $ | 38,423 | ||
| Meidensha Corp.* |
42,000 | 96,102 | |||
| OSG Corp. |
22,800 | 138,273 | |||
| Union Tool Co. |
2,300 | 48,319 | |||
| Total Hand/Machine Tools | 806,406 | ||||
| Healthcare-Products – 1.7% | |||||
| Hogy Medical Co., Ltd. |
2,500 | 136,175 | |||
| Nihon Kohden Corp. |
13,200 | 161,575 | |||
| Nipro Corp. |
27,024 | 419,710 | |||
| Paramount Bed Co., Ltd. |
13,100 | 172,686 | |||
| Sysmex Corp. |
4,600 | 146,239 | |||
| Topcon Corp. |
16,200 | 62,655 | |||
| Total Healthcare-Products | 1,099,040 | ||||
| Home Builders – 0.7% | |||||
| Mitsui Home Co., Ltd. |
21,000 | 88,235 | |||
| PanaHome Corp. |
53,000 | 318,740 | |||
| Token Corp. |
3,340 | 79,806 | |||
| Total Home Builders | 486,781 | ||||
| Home Furnishings – 1.1% | |||||
| Canon Electronics, Inc. |
10,400 | 123,616 | |||
| France Bed Holdings Co., Ltd. |
90,000 | 119,368 | |||
| Nidec Sankyo Corp. |
46,000 | 185,826 | |||
| Noritz Corp. |
14,300 | 188,360 | |||
| Toa Corp./Hyogo |
27,000 | 126,840 | |||
| Total Home Furnishings | 744,010 | ||||
| Household Products/Wares – 0.2% | |||||
| Kokuyo Co., Ltd. |
18,900 | 137,775 | |||
| Housewares – 0.9% | |||||
| Noritake Co., Ltd. |
42,000 | 115,238 | |||
| Sangetsu Co., Ltd. |
21,300 | 456,105 | |||
| Total Housewares | 571,343 | ||||
| Internet – 0.9% | |||||
| Matsui Securities Co., Ltd.*(a) |
93,900 | 610,345 | |||
| Iron/Steel – 1.9% | |||||
| Aichi Steel Corp. |
38,000 | 101,569 | |||
| Godo Steel Ltd.* |
40,000 | 97,601 | |||
| Kyoei Steel Ltd. |
10,200 | 199,208 | |||
| Mitsubishi Steel Manufacturing Co., Ltd. |
24,000 | 44,224 | |||
| Nakayama Steel Works Ltd. |
47,000 | 91,364 | |||
| Nippon Metal Industry Co., Ltd. |
87,000 | 100,415 | |||
| Nippon Yakin Kogyo Co., Ltd. |
18,500 | 40,083 | |||
| Sanyo Special Steel Co., Ltd. |
59,000 | 139,182 | |||
| Topy Industries Ltd. |
49,000 | 71,439 | |||
| Yodogawa Steel Works Ltd. |
84,000 | 343,586 | |||
| Total Iron/Steel | 1,228,671 | ||||
| Leisure Time – 0.5% | |||||
| Daikoku Denki Co., Ltd. |
5,500 | 68,771 | |||
| HIS Co., Ltd.* |
4,800 | 95,057 | |||
| Mizuno Corp. |
37,000 | 151,342 | |||
| Total Leisure Time | 315,170 | ||||
| Investments | Shares | U.S. $ Value | |||
| Lodging – 0.2% | |||||
| Resorttrust, Inc. |
16,560 | $ | 152,237 | ||
| Machinery-Construction & Mining – 0.3% | |||||
| Aichi Corp. |
23,100 | 94,018 | |||
| Kato Works Co., Ltd. |
15,000 | 28,096 | |||
| Tadano Ltd. |
21,000 | 86,960 | |||
| Total Machinery-Construction & Mining | 209,074 | ||||
| Machinery-Diversified – 2.7% | |||||
| Aida Engineering Ltd.* |
21,000 | 59,107 | |||
| Anest Iwata Corp. |
20,000 | 53,053 | |||
| Chugai Ro Co., Ltd.* |
16,000 | 36,772 | |||
| CKD Corp. |
20,900 | 67,713 | |||
| Daifuku Co., Ltd. |
30,000 | 160,373 | |||
| Daihen Corp. |
22,000 | 53,680 | |||
| Furukawa Co., Ltd. |
147,000 | 122,041 | |||
| Hisaka Works Ltd. |
4,000 | 33,451 | |||
| Komori Corp. |
17,200 | 140,184 | |||
| Max Co., Ltd.* |
19,000 | 202,562 | |||
| Miura Co., Ltd. |
11,000 | 246,127 | |||
| Nabtesco Corp. |
19,000 | 130,809 | |||
| Nippon Thompson Co., Ltd. |
17,000 | 57,143 | |||
| Obara Corp. |
11,000 | 66,933 | |||
| OKUMA Corp. |
23,000 | 84,995 | |||
| Organo Corp. |
5,000 | 27,286 | |||
| Sintokogio Ltd. |
7,800 | 46,514 | |||
| Tokyo Kikai Seisakusho Ltd.*(a) |
30,000 | 49,205 | |||
| Toshiba Machine Co., Ltd. |
24,000 | 70,467 | |||
| Tsubakimoto Chain Co. |
39,000 | 86,869 | |||
| Total Machinery-Diversified | 1,795,284 | ||||
| Metal Fabricate/Hardware – 1.3% | |||||
| Furukawa-Sky Aluminum Corp. |
56,000 | 86,180 | |||
| Kitz Corp. |
37,000 | 112,008 | |||
| MISUMI Group, Inc. |
12,000 | 144,214 | |||
| Nachi-Fujikoshi Corp.* |
47,000 | 71,854 | |||
| Nippon Steel Trading Co., Ltd.* |
35,000 | 46,066 | |||
| Oiles Corp. |
8,952 | 104,049 | |||
| Onoken Co., Ltd.* |
8,400 | 62,084 | |||
| Shinsho Corp. |
26,000 | 40,538 | |||
| Tocalo Co., Ltd. |
5,700 | 51,708 | |||
| Toho Zinc Co., Ltd.* |
27,000 | 68,067 | |||
| Yamazen Corp. |
29,900 | 92,028 | |||
| Total Metal Fabricate/Hardware | 878,796 | ||||
| Mining – 1.0% | |||||
| Chuo Denki Kogyo Co., Ltd.* |
10,000 | 50,825 | |||
| Nippon Denko Co., Ltd. |
19,000 | 56,364 | |||
| Pacific Metals Co., Ltd.(a) |
97,000 | 422,294 | |||
| Sumitomo Light Metal Industries Ltd.* |
67,000 | 59,694 | |||
| Toho Titanium Co., Ltd.(a) |
6,600 | 80,387 | |||
| Total Mining | 669,564 | ||||
| Miscellaneous Manufacturing – 1.9% | |||||
| Amano Corp. |
24,700 | 196,310 | |||
| Bando Chemical Industries Ltd. |
26,000 | 58,439 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 61 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| KUREHA Corp. |
57,000 | $ | 208,909 | ||
| Mitsuboshi Belting Co., Ltd. |
23,000 | 91,516 | |||
| Nikkiso Co., Ltd. |
17,000 | 96,730 | |||
| Nippon Valqua Industries Ltd. |
26,000 | 50,805 | |||
| Nitta Corp. |
4,000 | 40,903 | |||
| Okamoto Industries, Inc. |
42,000 | 150,957 | |||
| Sekisui Plastics Co., Ltd. |
47,000 | 137,997 | |||
| Shin-Etsu Polymer Co., Ltd. |
15,000 | 64,240 | |||
| Tamron Co., Ltd. |
5,400 | 55,711 | |||
| Tokai Rubber Industries, Inc. |
15,300 | 119,122 | |||
| Total Miscellaneous Manufacturing | 1,271,639 | ||||
| Office Furnishings – 0.1% | |||||
| Okamura Corp. |
21,000 | 95,464 | |||
| Office/Business Equipment – 0.1% | |||||
| Canon Finetech, Inc. |
7,900 | 82,303 | |||
| Oil & Gas – 0.1% | |||||
| AOC Holdings, Inc.* |
9,000 | 48,932 | |||
| Kanto Natural Gas Development Ltd. |
7,000 | 37,562 | |||
| Total Oil & Gas | 86,494 | ||||
| Packaging & Containers – 0.6% | |||||
| Fuji Seal International, Inc. |
4,800 | 72,605 | |||
| Nihon Yamamura Glass Co., Ltd. |
42,000 | 87,172 | |||
| Rengo Co., Ltd. |
47,000 | 238,878 | |||
| Total Packaging & Containers | 398,655 | ||||
| Pharmaceuticals – 3.8% | |||||
| Kaken Pharmaceutical Co., Ltd. |
37,000 | 310,550 | |||
| Kobayashi Pharmaceutical Co., Ltd. |
6,300 | 207,300 | |||
| Kyorin Co., Ltd. |
29,000 | 358,793 | |||
| Miraca Holdings, Inc. |
14,500 | 291,850 | |||
| Mochida Pharmaceutical Co., Ltd. |
23,000 | 226,810 | |||
| Nippon Shinyaku Co., Ltd. |
16,000 | 141,095 | |||
| Sawai Pharmaceutical Co., Ltd. |
2,200 | 102,015 | |||
| Seikagaku Corp. |
16,500 | 162,210 | |||
| SSP Co., Ltd.* |
48,000 | 250,278 | |||
| Toho Holdings Co., Ltd. |
6,000 | 57,528 | |||
| Tsumura & Co. |
7,863 | 203,003 | |||
| ZERIA Pharmaceutical Co., Ltd. |
16,000 | 174,952 | |||
| Total Pharmaceuticals | 2,486,384 | ||||
| Real Estate – 0.7% | |||||
| Iida Home Max |
16,800 | 52,899 | |||
| Sankei Building Co., Ltd. (The) |
12,900 | 56,291 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
8,400 | 241,106 | |||
| Tokyu Livable, Inc.* |
27,100 | 116,060 | |||
| Total Real Estate | 466,356 | ||||
| Retail – 10.0% | |||||
| ABC-Mart, Inc. |
12,700 | 243,276 | |||
| Alpen Co., Ltd. |
12,400 | 207,148 | |||
| AOKI Holdings, Inc. |
8,400 | 74,926 | |||
| Arcs Co., Ltd. |
18,310 | 254,527 | |||
| ASKUL Corp.* |
3,900 | 58,360 | |||
| Belluna Co., Ltd. |
29,750 | 76,506 | |||
| Investments | Shares | U.S. $ Value | |||
| Best Denki Co., Ltd.* |
51,000 | $ | 146,127 | ||
| Chiyoda Co., Ltd. |
13,100 | 182,766 | |||
| Circle K Sunkus Co., Ltd. |
24,600 | 349,187 | |||
| Culture Convenience Club Co., Ltd.(a) |
41,300 | 282,247 | |||
| Don Quijote Co., Ltd. |
6,500 | 83,249 | |||
| Doutor Nichires Holdings Co., Ltd. |
13,100 | 168,574 | |||
| EDION Corp.(a) |
41,300 | 102,027 | |||
| Gulliver International Co., Ltd. |
5,280 | 79,331 | |||
| H2O Retailing Corp. |
42,000 | 239,830 | |||
| Heiwado Co., Ltd. |
10,500 | 130,439 | |||
| Honeys Co., Ltd.* |
10,650 | 58,873 | |||
| Izumi Co., Ltd. |
10,100 | 115,347 | |||
| Izumiya Co., Ltd. |
22,000 | 99,787 | |||
| Kasumi Co., Ltd. |
22,000 | 83,082 | |||
| Keiyo Co., Ltd.(a) |
12,600 | 64,933 | |||
| Kisoji Co., Ltd. |
8,400 | 161,502 | |||
| Kojima Co., Ltd.(a) |
10,900 | 31,893 | |||
| Komeri Co., Ltd. |
8,400 | 160,822 | |||
| K’s Holdings Corp.* |
7,000 | 93,622 | |||
| Matsumotokiyoshi Holdings Co., Ltd. |
10,500 | 168,604 | |||
| Ministop Co., Ltd. |
9,800 | 152,899 | |||
| Nishimatsuya Chain Co., Ltd. |
7,700 | 54,571 | |||
| Parco Co., Ltd. |
14,700 | 100,758 | |||
| Paris Miki Holdings, Inc. |
29,800 | 259,472 | |||
| Plenus Co., Ltd. |
23,600 | 360,081 | |||
| Point, Inc. |
7,530 | 340,783 | |||
| Royal Holdings Co., Ltd.* |
13,100 | 140,191 | |||
| Ryohin Keikaku Co., Ltd. |
7,400 | 288,448 | |||
| Saizeriya Co., Ltd.* |
10,700 | 108,982 | |||
| Sanei-International Co., Ltd.* |
5,700 | 37,685 | |||
| Seiko Holdings Corp. |
41,000 | 79,285 | |||
| Senshukai Co., Ltd. |
16,600 | 116,975 | |||
| Shimachu Co., Ltd. |
6,300 | 105,691 | |||
| St.Marc Holdings Co., Ltd. |
1,900 | 47,514 | |||
| Sundrug Co., Ltd. |
10,500 | 159,674 | |||
| United Arrows Ltd. |
21,500 | 112,975 | |||
| UNY Co., Ltd. |
29,000 | 225,494 | |||
| Xebio Co., Ltd. |
4,500 | 65,379 | |||
| Zensho Co., Ltd.(a) |
25,200 | 120,170 | |||
| Total Retail | 6,594,012 | ||||
| Semiconductors – 0.6% | |||||
| Megachips Corp.* |
4,500 | 71,211 | |||
| Mimasu Semiconductor Industry Co., Ltd. |
5,900 | 64,036 | |||
| Sanken Electric Co., Ltd. |
24,000 | 61,476 | |||
| Shinko Electric Industries Co., Ltd. |
21,800 | 207,030 | |||
| Total Semiconductors | 403,753 | ||||
| Shipbuilding – 0.1% | |||||
| Sasebo Heavy Industries Co., Ltd.* |
27,000 | 49,479 | |||
| Software – 1.5% | |||||
| FUJI SOFT, Inc. |
4,900 | 74,912 | |||
| Hitachi Software Engineering Co., Ltd. |
12,900 | 158,034 | |||
| Koei Co., Ltd. |
28,800 | 230,353 | |||
| NEC Mobiling Ltd. |
6,300 | 97,335 | |||
See Notes to Financial Statements.
| 62 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Japan SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Nihon Unisys Ltd. |
8,800 | $ | 62,634 | ||
| NSD Co., Ltd.* |
11,900 | 75,301 | |||
| Sorun Corp.* |
10,100 | 40,801 | |||
| Sumisho Computer Systems Corp. |
14,100 | 161,885 | |||
| Zenrin Co., Ltd.(a) |
7,300 | 78,048 | |||
| Total Software | 979,303 | ||||
| Storage/Warehosuing – 0.6% | |||||
| Mitsui-Soko Co., Ltd. |
37,000 | 143,475 | |||
| Sumitomo Warehouse Co., Ltd. (The) |
59,000 | 228,186 | |||
| Total Storage/Warehosuing | 371,661 | ||||
| Telecommunications – 0.6% | |||||
| Daimei Telecom Engineering Corp. |
7,000 | 64,848 | |||
| Denki Kogyo Co., Ltd. |
50,000 | 274,881 | |||
| Hitachi Kokusai Electric, Inc. |
13,000 | 67,520 | |||
| Total Telecommunications | 407,249 | ||||
| Textiles – 0.9% | |||||
| Japan Vilene Co., Ltd. |
27,000 | 106,611 | |||
| Kurabo Industries Ltd.* |
67,000 | 91,577 | |||
| Nitto Boseki Co., Ltd.* |
48,000 | 84,074 | |||
| Seiren Co., Ltd. |
8,500 | 38,038 | |||
| Toyobo Co., Ltd.* |
216,000 | 277,736 | |||
| Total Textiles | 598,036 | ||||
| Toys/Games/Hobbies – 0.1% | |||||
| Tomy Co., Ltd. |
22,800 | 88,181 | |||
| Transportation – 3.0% | |||||
| Fukuyama Transporting Co., Ltd. |
36,000 | 131,943 | |||
| Hitachi Transport System Ltd. |
12,400 | 118,765 | |||
| Iino Kaiun Kaisha Ltd. |
29,500 | 130,222 | |||
| Inui Steamship Co., Ltd.* |
19,200 | 116,634 | |||
| Keisei Electric Railway Co., Ltd. |
45,000 | 224,613 | |||
| Kintetsu World Express, Inc. |
3,500 | 64,351 | |||
| Nippon Konpo Unyu Soko Co., Ltd. |
7,000 | 55,209 | |||
| Nishi-Nippon Railroad Co., Ltd. |
89,000 | 337,005 | |||
| Sagami Railway Co., Ltd. |
91,000 | 365,769 | |||
| Sankyu, Inc.* |
48,000 | 126,354 | |||
| Seino Holdings Corp.* |
40,000 | 192,366 | |||
| Senko Co., Ltd. |
16,000 | 50,218 | |||
| Yusen Air & Sea Service Co., Ltd. |
4,400 | 42,499 | |||
| Total Transportation | 1,955,948 | ||||
| TOTAL COMMON STOCKS (Cost: $97,316,211) |
64,368,247 | ||||
| SHORT-TERM INVESTMENT – 0.8% | |||||
| MONEY MARKET FUND – 0.8% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $528,210) |
528,210 | 528,210 | |||
| Investments | Shares | U.S. $ Value | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.5% | ||||||
| MONEY MARKET FUND – 5.5% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $3,645,280)(d) |
3,645,280 | $ | 3,645,280 | |||
| TOTAL INVESTMENTS IN SECURITIES – 103.7% (Cost: $101,489,701) | 68,541,737 | |||||
| Liabilities in Excess of Cash, Foreign Currency and Other Assets – (3.7)% |
(2,463,625 | ) | ||||
| NET ASSETS – 100.0% | $ | 66,078,112 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $3,312,377 and the total market value of the collateral held by the Fund was $3,645,280. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 63 |
Table of Contents
WisdomTree Pacific ex-Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.6% | |||||
| Australia – 60.1% | |||||
| A.B.C Learning Centres Ltd.† |
249,162 | $ | 93,484 | ||
| ABB Grain Ltd. |
3,673 | 15,261 | |||
| Adelaide Brighton Ltd. |
28,908 | 39,267 | |||
| Aevum Ltd. |
3,279 | 1,709 | |||
| AGL Energy Ltd. |
17,278 | 179,591 | |||
| Amalgamated Holdings Ltd. |
5,560 | 15,027 | |||
| Amcor Ltd. |
48,454 | 149,813 | |||
| AMP Ltd. |
136,122 | 444,515 | |||
| APN News & Media Ltd. |
32,366 | 26,086 | |||
| ARB Corp., Ltd. |
3,741 | 7,798 | |||
| Aristocrat Leisure Ltd. |
24,369 | 57,737 | |||
| ASX Ltd. |
11,202 | 228,435 | |||
| Austal Ltd. |
6,562 | 7,933 | |||
| Austbrokers Holdings Ltd. |
14,382 | 35,474 | |||
| Austereo Group Ltd. |
18,159 | 14,572 | |||
| Australia & New Zealand Banking Group Ltd. |
155,690 | 1,703,731 | |||
| Australian Agricultural Co., Ltd. |
8,882 | 9,627 | |||
| Australian Wealth Management Ltd. |
38,535 | 24,900 | |||
| Automotive Holdings Group |
7,003 | 3,503 | |||
| AWB Ltd. |
12,692 | 10,847 | |||
| AXA Asia Pacific Holdings Ltd. |
67,082 | 158,469 | |||
| Babcock & Brown Ltd.† |
2,753 | 622 | |||
| Bank of Queensland Ltd. |
7,677 | 45,019 | |||
| Beach Petroleum Ltd. |
10,254 | 6,270 | |||
| Bendigo and Adelaide Bank Ltd. |
15,596 | 88,748 | |||
| BHP Billiton Ltd. |
54,028 | 1,197,859 | |||
| Billabong International Ltd. |
11,604 | 68,531 | |||
| BlueScope Steel Ltd. |
43,220 | 77,175 | |||
| Boom Logistics Ltd. |
20,192 | 6,383 | |||
| Boral Ltd. |
34,944 | 87,648 | |||
| Bradken Ltd. |
3,461 | 3,980 | |||
| Brambles Ltd. |
50,804 | 169,433 | |||
| Breville Group Ltd. |
16,091 | 6,876 | |||
| Brickworks Ltd. |
2,743 | 18,792 | |||
| Campbell Brothers Ltd. |
1,197 | 11,311 | |||
| Centennial Coal Co., Ltd. |
5,680 | 7,932 | |||
| Challenger Financial Services Group Ltd. |
54,029 | 54,807 | |||
| Coca-Cola Amatil Ltd. |
49,084 | 295,678 | |||
| Cochlear Ltd. |
3,170 | 110,346 | |||
| Coffey International Ltd. |
7,568 | 8,834 | |||
| Commonwealth Bank of Australia |
98,383 | 2,374,022 | |||
| Computershare Ltd. |
12,641 | 77,114 | |||
| ConnectEast Group(a) |
70,061 | 19,715 | |||
| Consolidated Media Holdings Ltd. |
72,745 | 101,086 | |||
| Corporate Express Australia Ltd. |
14,484 | 29,385 | |||
| Count Financial Ltd. |
18,757 | 13,488 | |||
| Crane Group Ltd. |
3,544 | 20,487 | |||
| Crown Ltd. |
16,642 | 73,424 | |||
| CSL Ltd. |
4,813 | 108,649 | |||
| CSR Ltd. |
64,204 | 53,531 | |||
| David Jones Ltd. |
47,679 | 92,757 | |||
| Downer EDI Ltd. |
15,210 | 47,027 | |||
| Investments | Shares | U.S. $ Value | |||
| DWS Advanced Business Solutions Ltd. |
8,414 | $ | 2,952 | ||
| Emeco Holdings Ltd. |
14,293 | 4,022 | |||
| Energy Developments Ltd. |
5,551 | 4,898 | |||
| Energy Resources of Australia Ltd. |
2,246 | 33,145 | |||
| Envestra Ltd.(a) |
80,558 | 19,590 | |||
| Fairfax Media Ltd. |
112,894 | 79,615 | |||
| Felix Resources Ltd. |
1,097 | 6,669 | |||
| FKP Property Group |
6,451 | 4,482 | |||
| Fleetwood Corp., Ltd. |
2,437 | 9,448 | |||
| Flight Centre Ltd. |
4,778 | 17,694 | |||
| Foster’s Group Ltd. |
100,730 | 354,135 | |||
| Gloucester Coal Ltd. |
1,289 | 4,532 | |||
| Goodman Fielder Ltd. |
108,987 | 79,132 | |||
| GUD Holdings Ltd. |
4,452 | 19,364 | |||
| Gunns Ltd. |
22,574 | 14,116 | |||
| GWA International Ltd. |
19,502 | 32,520 | |||
| Harvey Norman Holdings Ltd. |
49,274 | 87,985 | |||
| Hastings Diversified Utilities Fund(a) |
15,250 | 6,516 | |||
| Healthscope Ltd. |
10,774 | 30,692 | |||
| Hills Industries Ltd. |
14,342 | 15,346 | |||
| Incitec Pivot Ltd. |
26,169 | 38,546 | |||
| Independence Group NL |
1,587 | 2,867 | |||
| Insurance Australia Group Ltd. |
166,723 | 405,437 | |||
| Invocare Ltd. |
3,900 | 13,820 | |||
| IOOF Holdings Ltd. |
5,359 | 12,325 | |||
| Iress Market Technology Ltd. |
5,193 | 20,205 | |||
| Leighton Holdings Ltd. |
7,730 | 103,657 | |||
| Lend Lease Corp., Ltd. |
31,617 | 142,569 | |||
| Lion Nathan Ltd. |
29,819 | 167,403 | |||
| Macmahon Holdings Ltd. |
9,775 | 2,988 | |||
| Macquarie Group Ltd. |
22,959 | 431,499 | |||
| Metcash Ltd. |
21,090 | 59,493 | |||
| Minara Resources Ltd.* |
93,852 | 26,083 | |||
| Mincor Resources NL |
3,343 | 1,881 | |||
| Mitchell Communications Group Ltd. |
12,203 | 3,985 | |||
| Monadelphous Group Ltd. |
3,621 | 20,957 | |||
| Mortgage Choice Ltd. |
79,896 | 45,520 | |||
| National Australia Bank Ltd. |
136,483 | 1,906,051 | |||
| Navitas Ltd. |
16,456 | 26,183 | |||
| New Hope Corp., Ltd. |
8,471 | 22,365 | |||
| Nufarm Ltd. |
3,412 | 26,788 | |||
| Oakton Ltd. |
3,545 | 1,921 | |||
| OneSteel Ltd. |
44,462 | 69,507 | |||
| Orica Ltd. |
10,579 | 108,711 | |||
| Origin Energy Ltd. |
15,177 | 156,066 | |||
| Pacific Brands Ltd. |
40,451 | 6,886 | |||
| Panoramic Resources Ltd. |
3,953 | 3,021 | |||
| Peet Ltd. |
18,818 | 15,886 | |||
| Perpetual Ltd. |
3,886 | 72,738 | |||
| Photon Group Ltd. |
7,628 | 5,141 | |||
| Primary Health Care Ltd. |
26,968 | 85,255 | |||
| Prime Media Group Ltd. |
36,406 | 12,900 | |||
| Qantas Airways Ltd. |
237,838 | 288,361 | |||
| QBE Insurance Group Ltd. |
49,170 | 658,327 | |||
See Notes to Financial Statements.
| 64 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Pacific ex-Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Ramsay Health Care Ltd. |
5,095 | $ | 34,869 | ||
| Regional Express Holdings Ltd. |
27,332 | 16,142 | |||
| Reverse Corp., Ltd. |
19,232 | 9,888 | |||
| Rio Tinto Ltd. |
5,574 | 219,085 | |||
| Salmat Ltd. |
15,669 | 41,152 | |||
| Santos Ltd. |
12,340 | 144,469 | |||
| Seek Ltd. |
18,088 | 35,189 | |||
| Select Harvests Ltd. |
3,366 | 8,700 | |||
| Seven Network Ltd. |
16,947 | 69,353 | |||
| Sigma Pharmaceuticals Ltd. |
77,090 | 56,776 | |||
| Sims Metal Management Ltd. |
5,729 | 66,873 | |||
| Sonic Healthcare Ltd. |
11,957 | 91,967 | |||
| Spotless Group Ltd. |
10,164 | 13,171 | |||
| Straits Resources Ltd.* |
3,592 | 3,170 | |||
| STW Communications Group Ltd. |
19,637 | 6,685 | |||
| Suncorp-Metway Ltd. |
82,573 | 344,230 | |||
| Sunland Group Ltd. |
13,212 | 5,508 | |||
| Super Cheap Auto Group Ltd. |
4,522 | 7,069 | |||
| TABCORP Holdings Ltd. |
50,113 | 226,320 | |||
| Tatts Group Ltd. |
111,072 | 213,769 | |||
| Telstra Corp., Ltd. |
757,310 | 1,689,035 | |||
| Ten Network Holdings Ltd. |
59,602 | 32,301 | |||
| Toll Holdings Ltd. |
32,671 | 141,874 | |||
| Tower Australia Group Ltd. |
918 | 1,480 | |||
| Transfield Services Ltd. |
14,651 | 20,766 | |||
| Transpacific Industries Group Ltd.† |
7,040 | 8,805 | |||
| United Group Ltd. |
12,054 | 76,884 | |||
| Vision Group Holdings Ltd. |
7,088 | 2,585 | |||
| Washington H. Soul Pattinson & Co., Ltd. |
9,511 | 66,082 | |||
| Wesfarmers Ltd. |
16,179 | 211,896 | |||
| Wesfarmers Ltd. PPS* |
22,091 | 291,628 | |||
| West Australian Newspapers Holdings Ltd. |
17,854 | 54,954 | |||
| Westpac Banking Corp. |
192,061 | 2,547,446 | |||
| WHK Group Ltd. |
40,276 | 26,585 | |||
| Woodside Petroleum Ltd. |
12,642 | 334,658 | |||
| Woolworths Ltd. |
46,533 | 808,602 | |||
| WorleyParsons Ltd. |
3,328 | 41,621 | |||
| Wotif.com Holdings Ltd. |
8,765 | 23,020 | |||
| Total Australia | 22,291,510 | ||||
| Cayman Islands – 0.0% | |||||
| Hopewell Highway Infrastructure Ltd. |
3,200 | 1,804 | |||
| Hong Kong – 22.8% | |||||
| Allied Properties HK Ltd. |
112,000 | 8,815 | |||
| Bank of East Asia Ltd. |
52,037 | 100,448 | |||
| Beijing Enterprises Holdings Ltd. |
14,004 | 58,365 | |||
| Cheung Kong Holdings Ltd. |
41,015 | 353,258 | |||
| China Merchants Holdings International Co., Ltd. |
32,539 | 74,903 | |||
| China Mobile Ltd. |
295,613 | 2,574,694 | |||
| China Overseas Land & Investment Ltd. |
57,707 | 90,544 | |||
| China Power International Development Ltd.* |
70,000 | 13,910 | |||
| China Resources Enterprise |
40,009 | 61,949 | |||
| China Resources Power Holdings Co., Ltd. |
38,017 | 79,664 | |||
| China Travel International Investment Hong Kong Ltd. |
78,052 | 13,798 | |||
| Investments | Shares | U.S. $ Value | |||
| China Unicom Hong Kong Ltd. |
384,477 | $ | 410,770 | ||
| Chong Hing Bank Ltd. |
10,000 | 11,226 | |||
| CLP Holdings Ltd. |
87,531 | 601,423 | |||
| CNOOC Ltd. |
821,140 | 813,723 | |||
| Denway Motors Ltd. |
234,052 | 90,601 | |||
| Fubon Bank Hong Kong Ltd. |
40,000 | 10,374 | |||
| Guangdong Investment Ltd. |
154,039 | 62,013 | |||
| Guangzhou Investment Co., Ltd. |
252,022 | 26,015 | |||
| Hang Seng Bank Ltd. |
60,827 | 612,587 | |||
| Henderson Investment Ltd. |
542,000 | 32,520 | |||
| Hong Kong & China Gas Co., Ltd. |
87,539 | 138,029 | |||
| Hong Kong Aircraft Engineering Co., Ltd. |
2,799 | 24,089 | |||
| Hong Kong Exchanges and Clearing Ltd. |
36,804 | 347,620 | |||
| Hongkong & Shanghai Hotels (The) |
28,506 | 17,950 | |||
| HongKong Electric Holdings |
78,025 | 463,116 | |||
| Hopewell Holdings Ltd. |
32,006 | 84,042 | |||
| Industrial and Commercial Bank of China Asia Ltd. |
39,015 | 41,482 | |||
| Lenovo Group Ltd. |
204,000 | 46,854 | |||
| MTR Corp. |
74,530 | 179,257 | |||
| New World Development Ltd. |
80,022 | 79,815 | |||
| Shanghai Industrial Holdings Ltd. |
25,006 | 69,210 | |||
| Shenzhen Investment Ltd. |
238,000 | 59,270 | |||
| Shougang Concord International Enterprises Co., Ltd. |
208,000 | 21,471 | |||
| Sino Land Co. |
108,022 | 108,022 | |||
| Sun Hung Kai & Co., Ltd. |
74,000 | 42,204 | |||
| Sun Hung Kai Properties Ltd. |
43,000 | 385,058 | |||
| Techtronic Industries Co. |
7,500 | 3,484 | |||
| Television Broadcasts Ltd. |
13,002 | 41,522 | |||
| Tianjin Development Holdings Ltd. |
8,000 | 2,963 | |||
| Vitasoy International Holdings Ltd. |
38,000 | 16,279 | |||
| Wharf Holdings Ltd. |
56,017 | 139,067 | |||
| Wing Hang Bank Ltd. |
7,502 | 35,961 | |||
| Total Hong Kong | 8,448,365 | ||||
| New Zealand – 3.2% | |||||
| Air New Zealand Ltd. |
175,449 | 90,124 | |||
| Auckland International Airport Ltd. |
78,878 | 76,983 | |||
| Contact Energy Ltd. |
21,405 | 69,881 | |||
| Fisher & Paykel Appliances Holdings Ltd. |
17,428 | 4,874 | |||
| Fisher & Paykel Healthcare Corp., Ltd. |
28,721 | 51,800 | |||
| Fletcher Building Ltd. |
40,313 | 138,052 | |||
| Freightways Ltd. |
5,234 | 8,813 | |||
| Infratil Ltd. |
11,717 | 9,764 | |||
| Mainfreight Ltd. |
2,320 | 5,495 | |||
| New Zealand Refining Co., Ltd. (The) |
28,004 | 111,883 | |||
| PGG Wrightson Ltd. |
8,962 | 5,268 | |||
| Port of Tauranga Ltd. |
4,089 | 12,019 | |||
| Pumpkin Patch Ltd. |
68,747 | 40,414 | |||
| Ryman Healthcare Ltd. |
10,175 | 8,188 | |||
| Sky City Entertainment Group Ltd. |
31,568 | 50,629 | |||
| Sky Network Television Ltd. |
9,372 | 21,771 | |||
| Telecom Corp. of New Zealand Ltd. |
218,488 | 284,321 | |||
| Tower Ltd. |
5,154 | 3,795 | |||
| TrustPower Ltd. |
12,340 | 49,653 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 65 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Pacific ex-Japan Total Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Vector Ltd.* |
73,000 | $ | 94,996 | ||
| Warehouse Group Ltd. (The) |
12,854 | 26,264 | |||
| Total New Zealand | 1,164,987 | ||||
| Singapore – 11.5% | |||||
| Banyan Tree Holdings Ltd.* |
28,000 | 6,907 | |||
| CapitaLand Ltd.* |
64,000 | 98,092 | |||
| CH Offshore Ltd.* |
4,000 | 684 | |||
| China Aviation Oil Singapore Corp., Ltd.* |
10,000 | 4,374 | |||
| Chip Eng Seng Corp., Ltd.* |
21,000 | 2,348 | |||
| City Developments Ltd.* |
15,000 | 50,322 | |||
| ComfortDelgro Corp., Ltd.* |
105,000 | 93,935 | |||
| Cosco Corp. Singapore Ltd.* |
25,000 | 13,485 | |||
| Creative Technology Ltd.* |
550 | 1,230 | |||
| CWT Ltd.* |
7,000 | 1,543 | |||
| DBS Group Holdings Ltd.* |
68,000 | 377,977 | |||
| First Ship Lease Trust |
6,000 | 1,480 | |||
| Fraser and Neave Ltd.* |
36,070 | 60,030 | |||
| Guocoland Ltd.* |
34,000 | 21,918 | |||
| Hi-P International Ltd.* |
42,000 | 12,709 | |||
| Ho Bee Investment Ltd.* |
40,000 | 8,552 | |||
| Hong Leong Asia Ltd.* |
11,000 | 3,835 | |||
| Hotel Plaza Ltd.* |
29,000 | 17,169 | |||
| Hotel Properties Ltd.* |
17,000 | 10,400 | |||
| Jardine Cycle & Carriage Ltd.* |
8,250 | 64,255 | |||
| Jaya Holdings Ltd.* |
40,000 | 7,367 | |||
| K1 Ventures Ltd.* |
200,000 | 15,787 | |||
| Keppel Land Ltd.* |
10,000 | 9,538 | |||
| Keppel Telecommunications & Transportation Ltd.* |
11,000 | 5,572 | |||
| Kim Eng Holdings Ltd.* |
32,000 | 27,996 | |||
| KS Energy Services Ltd.* |
13,000 | 6,414 | |||
| Midas Holdings Ltd.* |
41,000 | 11,327 | |||
| MobileOne Ltd.* |
40,000 | 39,205 | |||
| Neptune Orient Lines Ltd.* |
49,000 | 38,035 | |||
| Olam International Ltd.* |
16,000 | 15,366 | |||
| Orchard Parade Holdings Ltd.* |
10,000 | 3,552 | |||
| Oversea-Chinese Banking Corp., Ltd.* |
82,000 | 261,071 | |||
| Pacific Century Regional Developments Ltd.* |
70,000 | 7,828 | |||
| Petra Foods Ltd.* |
15,720 | 3,464 | |||
| Raffles Education Corp., Ltd. |
54,000 | 13,321 | |||
| Rickmers Maritime* |
35,000 | 7,943 | |||
| SBS Transit Ltd.* |
37,000 | 38,942 | |||
| SembCorp Industries Ltd.* |
41,000 | 63,380 | |||
| SembCorp Marine Ltd.* |
49,800 | 59,294 | |||
| SIA Engineering Co., Ltd.* |
28,000 | 34,443 | |||
| Singapore Airlines Ltd.* |
31,400 | 206,552 | |||
| Singapore Airport Terminal Services Ltd.* |
65,000 | 51,737 | |||
| Singapore Exchange Ltd.* |
45,000 | 150,967 | |||
| Singapore Petroleum Co., Ltd.* |
33,000 | 62,084 | |||
| Singapore Post Ltd.* |
95,000 | 48,431 | |||
| Singapore Press Holdings Ltd.* |
72,000 | 119,826 | |||
| Singapore Technologies Engineering Ltd.* |
128,000 | 207,131 | |||
| Singapore Telecommunications Ltd.* |
730,450 | 1,215,655 | |||
| SMRT Corp., Ltd.* |
74,000 | 74,477 | |||
| StarHub Ltd.* |
86,080 | 111,550 | |||
| Investments | Shares | U.S. $ Value | |||
| Straits Trading Co., Ltd.* |
6,071 | $ | 12,380 | ||
| United Engineers Ltd.* |
8,000 | 6,525 | |||
| United Overseas Bank Ltd.* |
49,000 | 313,301 | |||
| UOB-Kay Hian Holdings Ltd.* |
75,000 | 54,269 | |||
| Venture Corp., Ltd.* |
9,000 | 29,838 | |||
| WBL Corp., Ltd.* |
7,000 | 17,037 | |||
| Wilmar International Ltd.* |
27,000 | 56,302 | |||
| Wing Tai Holdings Ltd.* |
26,000 | 11,972 | |||
| Total Singapore | 4,271,124 | ||||
| TOTAL COMMON STOCKS (Cost: $68,260,173) |
36,177,790 | ||||
| SHORT-TERM INVESTMENT – 0.9% | |||||
| MONEY MARKET FUND – 0.9% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $339,348) |
339,348 | 339,348 | |||
| TOTAL INVESTMENTS IN SECURITIES – 98.5% (Cost: $68,599,521) |
36,517,138 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.5% |
568,952 | ||||
| NET ASSETS – 100.0% | $ | 37,086,090 | |||
PPS – Price Protected Shares
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 66 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Pacific ex-Japan Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.6% | |||||
| Australia – 83.6% | |||||
| A.B.C Learning Centres Ltd.† |
220,861 | $ | 82,865 | ||
| AMP Ltd. |
199,977 | 653,037 | |||
| APN News & Media Ltd. |
137,408 | 110,747 | |||
| ASX Ltd. |
19,413 | 395,877 | |||
| Austereo Group Ltd. |
105,613 | 84,754 | |||
| Australia & New Zealand Banking Group Ltd. |
146,829 | 1,606,765 | |||
| Australian Wealth Management Ltd. |
230,461 | 148,916 | |||
| Automotive Holdings Group |
17,077 | 8,543 | |||
| Bendigo and Adelaide Bank Ltd. |
39,922 | 227,173 | |||
| Boral Ltd. |
89,013 | 223,265 | |||
| Challenger Financial Services Group Ltd. |
159,565 | 161,864 | |||
| Coffey International Ltd. |
13,918 | 16,246 | |||
| Commonwealth Bank of Australia |
68,643 | 1,656,383 | |||
| ConnectEast Group(a) |
417,221 | 117,404 | |||
| Consolidated Media Holdings Ltd. |
164,729 | 228,907 | |||
| Corporate Express Australia Ltd. |
58,799 | 119,292 | |||
| Crane Group Ltd. |
22,999 | 132,951 | |||
| CSR Ltd. |
202,518 | 168,851 | |||
| David Jones Ltd. |
109,193 | 212,428 | |||
| DWS Advanced Business Solutions Ltd. |
20,082 | 7,046 | |||
| Envestra Ltd.(a) |
541,603 | 131,707 | |||
| Fairfax Media Ltd. |
271,869 | 191,728 | |||
| Foster’s Group Ltd. |
160,394 | 563,895 | |||
| Goodman Fielder Ltd. |
290,470 | 210,900 | |||
| GUD Holdings Ltd. |
33,175 | 144,293 | |||
| Gunns Ltd. |
60,786 | 38,011 | |||
| GWA International Ltd. |
97,744 | 162,990 | |||
| Hastings Diversified Utilities Fund(a) |
58,916 | 25,175 | |||
| Hills Industries Ltd. |
43,853 | 46,922 | |||
| Insurance Australia Group Ltd. |
258,950 | 629,715 | |||
| IOOF Holdings Ltd. |
6,884 | 15,832 | |||
| Lend Lease Corp., Ltd. |
63,514 | 286,401 | |||
| Macquarie Group Ltd. |
33,373 | 627,224 | |||
| Minara Resources Ltd.* |
178,819 | 49,697 | |||
| National Australia Bank Ltd. |
113,362 | 1,583,155 | |||
| Oakton Ltd. |
8,012 | 4,342 | |||
| Pacific Brands Ltd. |
102,164 | 17,391 | |||
| Peet Ltd. |
137,813 | 116,339 | |||
| Perpetual Ltd. |
10,146 | 189,912 | |||
| Photon Group Ltd. |
10,128 | 6,826 | |||
| Primary Health Care Ltd. |
73,728 | 233,079 | |||
| Prime Media Group Ltd. |
13,032 | 4,618 | |||
| Qantas Airways Ltd. |
357,516 | 433,462 | |||
| Salmat Ltd. |
12,898 | 33,875 | |||
| Service Stream Ltd. |
15,553 | 3,998 | |||
| Sigma Pharmaceuticals Ltd. |
248,247 | 182,831 | |||
| Skilled Group Ltd. |
13,222 | 13,321 | |||
| SMS Management & Technology Ltd. |
6,145 | 10,033 | |||
| Spotless Group Ltd. |
18,408 | 23,853 | |||
| STW Communications Group Ltd. |
26,566 | 9,044 | |||
| Suncorp-Metway Ltd. |
121,655 | 507,155 | |||
| Sunland Group Ltd. |
59,012 | 24,601 | |||
| Investments | Shares | U.S. $ Value | |||
| TABCORP Holdings Ltd. |
86,665 | $ | 391,397 | ||
| Tatts Group Ltd. |
208,355 | 400,999 | |||
| Telstra Corp., Ltd. |
698,874 | 1,558,704 | |||
| Wesfarmers Ltd. |
53,484 | 700,479 | |||
| West Australian Newspapers Holdings Ltd. |
51,214 | 157,635 | |||
| Westpac Banking Corp. |
143,685 | 1,905,800 | |||
| WHK Group Ltd. |
18,237 | 12,038 | |||
| Total Australia | 18,012,691 | ||||
| Hong Kong – 1.6% | |||||
| Henderson Investment Ltd. |
2,570,000 | 154,200 | |||
| Shenzhen Investment Ltd. |
760,346 | 189,351 | |||
| Total Hong Kong | 343,551 | ||||
| New Zealand – 8.7% | |||||
| Air New Zealand Ltd. |
359,318 | 184,573 | |||
| Auckland International Airport Ltd. |
215,009 | 209,845 | |||
| Fisher & Paykel Appliances Holdings Ltd. |
78,712 | 22,013 | |||
| Fisher & Paykel Healthcare Corp., Ltd. |
115,474 | 208,265 | |||
| Fletcher Building Ltd. |
88,707 | 303,777 | |||
| Freightways Ltd. |
13,875 | 23,361 | |||
| PGG Wrightson Ltd. |
21,114 | 12,412 | |||
| Pumpkin Patch Ltd. |
15,236 | 8,957 | |||
| Sky City Entertainment Group Ltd. |
122,382 | 196,277 | |||
| Telecom Corp. of New Zealand Ltd. |
349,181 | 454,393 | |||
| Vector Ltd.* |
196,077 | 255,157 | |||
| Total New Zealand | 1,879,030 | ||||
| Singapore – 3.7% | |||||
| ComfortDelgro Corp., Ltd.* |
282,565 | 252,788 | |||
| Jaya Holdings Ltd.* |
120,000 | 22,102 | |||
| Kim Eng Holdings Ltd.* |
184,000 | 160,979 | |||
| Rickmers Maritime* |
33,000 | 7,489 | |||
| Singapore Petroleum Co., Ltd.* |
97,416 | 183,272 | |||
| UOB-Kay Hian Holdings Ltd.* |
235,000 | 170,043 | |||
| Total Singapore | 796,673 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 97.6% (Cost: $41,240,051) |
21,031,945 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 2.4% |
527,043 | ||||
| NET ASSETS – 100.0% | $ | 21,558,988 | |||
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 67 |
Table of Contents
WisdomTree International LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.9% | |||||
| Australia – 8.7% | |||||
| AMP Ltd. |
57,222 | $ | 186,862 | ||
| Australia & New Zealand Banking Group Ltd. |
68,975 | 754,800 | |||
| BHP Billiton Ltd. |
24,838 | 550,685 | |||
| Commonwealth Bank of Australia |
43,089 | 1,039,755 | |||
| CSL Ltd. |
2,551 | 57,586 | |||
| Leighton Holdings Ltd. |
3,131 | 41,986 | |||
| Macquarie Group Ltd. |
10,201 | 191,721 | |||
| National Australia Bank Ltd. |
61,725 | 862,019 | |||
| QBE Insurance Group Ltd. |
21,990 | 294,420 | |||
| Rio Tinto Ltd. |
3,131 | 123,064 | |||
| Suncorp-Metway Ltd. |
34,676 | 144,557 | |||
| Telstra Corp., Ltd. |
343,669 | 766,488 | |||
| Wesfarmers Ltd. |
16,368 | 214,371 | |||
| Westpac Banking Corp. |
85,833 | 1,138,466 | |||
| Woodside Petroleum Ltd. |
5,427 | 143,663 | |||
| Woolworths Ltd. |
21,633 | 375,916 | |||
| Total Australia | 6,886,359 | ||||
| Austria – 0.2% | |||||
| Erste Group Bank AG* |
1,461 | 24,732 | |||
| OMV AG* |
2,815 | 94,185 | |||
| Raiffeisen International Bank Holding AG* |
628 | 17,685 | |||
| Verbund-Oesterreichische Elektrizitaetswirtschafts AG Class A* |
1,067 | 40,502 | |||
| voestalpine AG* |
1,621 | 21,199 | |||
| Total Austria | 198,303 | ||||
| Belgium – 1.0% | |||||
| Anheuser-Busch InBev N.V.* |
18,190 | 501,010 | |||
| Belgacom S.A.* |
9,404 | 294,662 | |||
| Total Belgium | 795,672 | ||||
| Denmark – 0.3% | |||||
| Novo Nordisk A/S Class B* |
4,232 | 202,553 | |||
| Finland – 1.2% | |||||
| Fortum Oyj* |
10,244 | 195,174 | |||
| Nokia Oyj* |
45,747 | 539,356 | |||
| Sampo Oyj Class A* |
13,448 | 198,546 | |||
| Total Finland | 933,076 | ||||
| France – 19.2% | |||||
| Accor S.A.* |
3,783 | 131,670 | |||
| Air Liquide S.A.* |
3,258 | 264,924 | |||
| Alstom S.A.* |
1,025 | 53,054 | |||
| AXA S.A.* |
55,954 | 672,326 | |||
| BNP Paribas* |
24,072 | 994,608 | |||
| Bouygues S.A.* |
5,342 | 190,932 | |||
| Carrefour S.A.* |
7,934 | 309,699 | |||
| Christian Dior S.A.* |
1,817 | 99,573 | |||
| Cie de Saint-Gobain* |
9,151 | 256,603 | |||
| Cie Generale D’Optique Essilor International S.A.* |
2,421 | 93,538 | |||
| CNP Assurances* |
2,848 | 179,611 | |||
| Compagnie Generale des Etablissements Michelin Class B* |
2,561 | 94,969 | |||
| Investments | Shares | U.S. $ Value | |||
| Credit Agricole S.A.* |
69,183 | $ | 763,493 | ||
| Electricite de France* |
16,974 | 665,612 | |||
| Eramet |
146 | 32,096 | |||
| France Telecom S.A.* |
88,612 | 2,017,701 | |||
| Gaz de France Suez* |
30,198 | 1,036,427 | |||
| Groupe Danone* |
5,661 | 275,541 | |||
| Hermes International* |
411 | 47,780 | |||
| Lafarge S.A.* |
2,958 | 133,097 | |||
| L’Oreal S.A.* |
5,579 | 383,695 | |||
| LVMH Moet Hennessy Louis Vuitton S.A.* |
5,085 | 319,272 | |||
| Pernod-Ricard S.A.* |
1,597 | 89,001 | |||
| Peugeot S.A.* |
5,345 | 101,055 | |||
| PPR* |
2,890 | 185,253 | |||
| Sanofi-Aventis S.A.* |
31,478 | 1,771,202 | |||
| Schneider Electric S.A.* |
4,963 | 330,194 | |||
| Societe Generale* |
4,132 | 161,839 | |||
| TOTAL S.A.* |
44,723 | 2,222,249 | |||
| Vallourec S.A.* |
782 | 72,481 | |||
| Veolia Environnement* |
7,562 | 157,830 | |||
| Vinci S.A. |
7,646 | 283,788 | |||
| Vivendi* |
27,934 | 738,978 | |||
| Total France | 15,130,091 | ||||
| Germany – 9.5% | |||||
| Adidas AG* |
964 | 32,074 | |||
| Allianz SE* |
7,458 | 626,400 | |||
| BASF SE* |
15,023 | 454,570 | |||
| Bayer AG* |
7,372 | 352,361 | |||
| Bayerische Motoren Werke AG* |
7,117 | 205,899 | |||
| Beiersdorf AG* |
753 | 33,782 | |||
| Daimler AG* |
16,071 | 407,119 | |||
| Deutsche Bank AG* |
14,356 | 577,532 | |||
| Deutsche Boerse AG* |
1,955 | 117,791 | |||
| Deutsche Post AG* |
21,592 | 232,495 | |||
| Deutsche Telekom AG* |
118,049 | 1,465,460 | |||
| E.ON AG* |
23,204 | 644,194 | |||
| Fresenius Medical Care AG & Co. KGaA* |
953 | 37,023 | |||
| HeidelbergCement AG* |
581 | 19,030 | |||
| Linde AG* |
1,180 | 80,183 | |||
| MAN AG* |
2,119 | 92,280 | |||
| Merck KGaA* |
1,195 | 105,604 | |||
| Metro AG* |
3,612 | 119,172 | |||
| Muenchener Rueckversicherungs AG* |
3,207 | 390,879 | |||
| RWE AG* |
7,200 | 504,834 | |||
| SAP AG* |
5,143 | 182,181 | |||
| Siemens AG* |
7,207 | 411,551 | |||
| ThyssenKrupp AG* |
5,822 | 101,802 | |||
| Volkswagen AG* |
1,028 | 315,696 | |||
| Total Germany | 7,509,912 | ||||
| Hong Kong – 3.9% | |||||
| Cheung Kong Holdings Ltd. |
21,786 | 187,641 | |||
| China Mobile Ltd. |
130,419 | 1,135,907 | |||
| China Overseas Land & Investment Ltd. |
24,320 | 38,159 | |||
| China Unicom Hong Kong Ltd. |
182,756 | 195,254 | |||
See Notes to Financial Statements.
| 68 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| CLP Holdings Ltd. |
40,110 | $ | 275,595 | ||
| CNOOC Ltd. |
361,529 | 358,264 | |||
| Hang Seng Bank Ltd. |
28,595 | 287,979 | |||
| Hong Kong & China Gas Co., Ltd. |
30,722 | 48,442 | |||
| Hong Kong Exchanges and Clearing Ltd. |
14,700 | 138,844 | |||
| HongKong Electric Holdings |
28,500 | 169,161 | |||
| MTR Corp. |
21,500 | 51,711 | |||
| Sun Hung Kai Properties Ltd. |
22,442 | 200,964 | |||
| Total Hong Kong | 3,087,921 | ||||
| Ireland – 0.2% | |||||
| CRH PLC |
6,609 | 142,309 | |||
| Italy – 5.2% | |||||
| Assicurazioni Generali SpA* |
16,226 | 277,908 | |||
| Atlantia SpA* |
5,306 | 80,170 | |||
| Banca Monte dei Paschi di Siena SpA* |
266,629 | 368,871 | |||
| Edison SpA* |
37,791 | 40,918 | |||
| Enel SpA* |
180,573 | 866,085 | |||
| ENI SpA* |
77,136 | 1,497,285 | |||
| Mediobanca SpA* |
24,908 | 211,320 | |||
| Saipem SpA* |
2,274 | 40,457 | |||
| Snam Rete Gas SpA* |
25,405 | 136,270 | |||
| Telecom Italia SpA* |
309,051 | 398,428 | |||
| Unione di Banche Italiane SCPA* |
14,455 | 159,197 | |||
| Total Italy | 4,076,909 | ||||
| Japan – 9.1% | |||||
| Asahi Glass Co., Ltd. |
2,000 | 10,509 | |||
| Astellas Pharma, Inc. |
4,900 | 149,823 | |||
| Bridgestone Corp. |
8,100 | 115,550 | |||
| Canon, Inc. |
9,000 | 256,961 | |||
| Chubu Electric Power Co., Inc. |
7,700 | 169,171 | |||
| Daiichi Sankyo Co., Ltd. |
7,300 | 121,802 | |||
| DENSO Corp. |
7,700 | 152,176 | |||
| Fanuc Ltd. |
2,300 | 154,389 | |||
| Fujitsu Ltd. |
15,000 | 55,432 | |||
| Honda Motor Co., Ltd. |
13,000 | 304,698 | |||
| ITOCHU Corp. |
6,000 | 29,037 | |||
| Japan Tobacco, Inc. |
39 | 103,413 | |||
| JFE Holdings, Inc. |
4,100 | 89,040 | |||
| Kansai Electric Power Co., Inc. (The) |
9,900 | 214,498 | |||
| Kao Corp. |
4,000 | 77,716 | |||
| KDDI Corp. |
32 | 149,681 | |||
| Komatsu Ltd.* |
7,700 | 83,416 | |||
| Marubeni Corp. |
4,000 | 12,352 | |||
| Mitsubishi Corp. |
11,100 | 144,411 | |||
| Mitsubishi Estate Co., Ltd. |
3,220 | 35,926 | |||
| Mitsubishi Heavy Industries Ltd. |
14,000 | 42,240 | |||
| Mitsubishi UFJ Financial Group, Inc. |
47,800 | 230,361 | |||
| Mitsui & Co., Ltd. |
10,000 | 99,828 | |||
| Mitsui Fudosan Co., Ltd. |
2,220 | 23,982 | |||
| Mitsui O.S.K. Lines Ltd. |
7,000 | 34,089 | |||
| Mitsui Sumitomo Insurance Group Holdings, Inc.* |
4,669 | 107,543 | |||
| Mizuho Financial Group, Inc.* |
79,098 | 150,556 | |||
| Nippon Steel Corp.* |
65,000 | 173,079 | |||
| Investments | Shares | U.S. $ Value | |||
| Nippon Telegraph & Telephone Corp. |
13,594 | $ | 513,371 | ||
| NTT DoCoMo, Inc.* |
482 | 652,459 | |||
| Panasonic Corp.* |
14,000 | 151,524 | |||
| Ricoh Co., Ltd. |
6,000 | 70,649 | |||
| Seven & I Holdings Co., Ltd. |
7,700 | 168,391 | |||
| Sharp Corp. |
5,000 | 39,283 | |||
| Shin-Etsu Chemical Co., Ltd. |
1,600 | 77,270 | |||
| Softbank Corp.* |
2,700 | 34,334 | |||
| Sony Corp. |
2,800 | 56,641 | |||
| Sumitomo Corp. |
10,000 | 85,350 | |||
| Sumitomo Metal Industries Ltd. |
45,000 | 89,754 | |||
| Sumitomo Mitsui Financial Group, Inc. |
4,030 | 139,134 | |||
| Sumitomo Trust & Banking Co., Ltd. (The) |
8,000 | 30,212 | |||
| Suzuki Motor Corp. |
2,600 | 42,881 | |||
| T&D Holdings, Inc.* |
1,100 | 26,228 | |||
| Takeda Pharmaceutical Co., Ltd. |
9,900 | 340,792 | |||
| Tokio Marine Holdings, Inc. |
2,500 | 60,621 | |||
| Tokyo Electric Power Co., Inc. (The) |
11,000 | 273,970 | |||
| Toyota Motor Corp. |
32,200 | 1,017,151 | |||
| Yahoo! Japan Corp.* |
155 | 40,598 | |||
| Total Japan | 7,202,292 | ||||
| Netherlands – 2.0% | |||||
| Akzo Nobel N.V.* |
3,868 | 146,338 | |||
| European Aeronautic Defence and Space Co.EADS N.V.* |
4,687 | 54,513 | |||
| Heineken N.V.* |
2,541 | 72,197 | |||
| Koninklijke Ahold N.V.* |
5,115 | 56,027 | |||
| Koninklijke KPN N.V.* |
35,235 | 470,622 | |||
| Koninklijke Philips Electronics N.V.* |
11,297 | 166,189 | |||
| TNT N.V.* |
4,899 | 83,777 | |||
| Unilever N.V. CVA* |
26,994 | 532,223 | |||
| Total Netherlands | 1,581,886 | ||||
| Norway – 0.7% | |||||
| Orkla ASA* |
11,165 | 76,395 | |||
| StatoilHydro ASA* |
24,995 | 440,145 | |||
| Total Norway | 516,540 | ||||
| Portugal – 0.2% | |||||
| Energias de Portugal S.A.* |
41,722 | 144,745 | |||
| Galp Energia, SGPS, S.A. Class B* |
3,824 | 45,593 | |||
| Total Portugal | 190,338 | ||||
| Singapore – 1.4% | |||||
| DBS Group Holdings Ltd.* |
27,000 | 150,079 | |||
| Oversea-Chinese Banking Corp., Ltd.* |
58,000 | 184,660 | |||
| Singapore Airlines Ltd.* |
11,000 | 72,359 | |||
| Singapore Telecommunications Ltd.* |
305,500 | 508,430 | |||
| United Overseas Bank Ltd.* |
24,000 | 153,453 | |||
| Wilmar International Ltd.* |
7,000 | 14,597 | |||
| Total Singapore | 1,083,578 | ||||
| Spain – 6.4% | |||||
| Abertis Infraestructuras, S.A.* |
7,136 | 111,515 | |||
| Acciona, S.A.* |
411 | 42,263 | |||
| ACS Actividades de Construccion y Servicios, S.A.* |
5,934 | 246,127 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 69 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International LargeCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
74,134 | $ | 601,393 | ||
| Banco Popular Espanol S.A.* |
19,875 | 125,871 | |||
| Banco Santander S.A.* |
128,165 | 883,155 | |||
| Cia Espanola de Petroleos S.A.* |
729 | 30,721 | |||
| Endesa S.A.* |
13,225 | 247,228 | |||
| Gas Natural SDG S.A.* |
4,835 | 66,056 | |||
| Iberdrola S.A.* |
53,382 | 374,222 | |||
| Inditex S.A.* |
7,181 | 279,829 | |||
| Repsol YPF S.A.* |
16,146 | 279,325 | |||
| Telefonica S.A.* |
71,913 | 1,434,093 | |||
| Union Fenosa S.A.* |
15,337 | 366,533 | |||
| Total Spain | 5,088,331 | ||||
| Sweden – 2.3% | |||||
| AB Volvo Class B* |
31,050 | 164,127 | |||
| Atlas Copco AB Class A* |
15,089 | 112,703 | |||
| Hennes & Mauritz AB Class B* |
11,683 | 436,666 | |||
| Nordea Bank AB* |
48,477 | 240,412 | |||
| Sandvik AB* |
13,600 | 77,481 | |||
| Svenska Handelsbanken AB Class A* |
13,521 | 190,533 | |||
| Telefonaktiebolaget LM Ericsson Class B* |
39,111 | 319,329 | |||
| TeliaSonera AB* |
52,289 | 250,462 | |||
| Total Sweden | 1,791,713 | ||||
| Switzerland – 6.2% | |||||
| Compagnie Financiere Richemont S.A. Class A* |
4,720 | 73,806 | |||
| Credit Suisse Group AG* |
21,343 | 650,586 | |||
| Holcim Ltd.* |
3,492 | 124,626 | |||
| Julius Baer Holding AG* |
598 | 14,726 | |||
| Nestle S.A.* |
35,837 | 1,212,794 | |||
| Novartis AG* |
27,513 | 1,042,399 | |||
| Roche Holding AG* |
6,313 | 867,236 | |||
| Swiss Reinsurance* |
7,125 | 116,802 | |||
| Swisscom AG* |
941 | 264,619 | |||
| Syngenta AG* |
432 | 87,156 | |||
| Zurich Financial Services AG* |
2,903 | 459,813 | |||
| Total Switzerland | 4,914,563 | ||||
| United Kingdom – 20.2% | |||||
| Associated British Foods PLC |
6,607 | 60,656 | |||
| AstraZeneca PLC |
25,916 | 910,466 | |||
| Aviva PLC |
63,675 | 197,368 | |||
| BAE Systems PLC |
43,679 | 209,421 | |||
| BG Group PLC |
8,859 | 133,964 | |||
| BHP Billiton PLC |
13,138 | 260,814 | |||
| BP PLC |
314,581 | 2,126,016 | |||
| British American Tobacco PLC |
31,487 | 727,978 | |||
| British Sky Broadcasting Group PLC |
19,171 | 119,120 | |||
| BT Group PLC |
242,392 | 271,692 | |||
| Cadbury PLC |
15,412 | 116,419 | |||
| Centrica PLC |
74,196 | 242,210 | |||
| Compass Group PLC |
32,835 | 150,134 | |||
| Diageo PLC |
41,602 | 468,992 | |||
| GlaxoSmithKline PLC |
102,081 | 1,591,207 | |||
| HSBC Holdings PLC |
264,243 | 1,496,074 | |||
| Imperial Tobacco Group PLC |
11,859 | 266,360 | |||
| Investments | Shares | U.S. $ Value | |||
| International Power PLC |
9,218 | $ | 27,813 | ||
| Legal & General Group PLC |
135,929 | 83,779 | |||
| Man Group PLC |
21,215 | 66,443 | |||
| National Grid PLC |
57,894 | 444,371 | |||
| Prudential PLC |
28,556 | 137,937 | |||
| Reckitt Benckiser Group PLC |
5,034 | 188,974 | |||
| Reed Elsevier PLC |
16,199 | 116,326 | |||
| Rio Tinto PLC |
4,934 | 166,196 | |||
| Royal Dutch Shell PLC Class A |
51,133 | 1,151,410 | |||
| Royal Dutch Shell PLC Class B |
37,437 | 821,540 | |||
| SABMiller PLC |
15,854 | 235,651 | |||
| Scottish & Southern Energy PLC |
12,103 | 192,388 | |||
| Standard Chartered PLC |
16,628 | 206,519 | |||
| Tesco PLC |
86,138 | 411,635 | |||
| Unilever PLC |
20,126 | 380,212 | |||
| Vedanta Resources PLC |
1,784 | 17,273 | |||
| Vodafone Group PLC |
1,071,153 | 1,884,627 | |||
| Wm. Morrison Supermarkets PLC |
10,306 | 37,743 | |||
| Total United Kingdom | 15,919,728 | ||||
| TOTAL COMMON STOCKS (Cost: $129,605,277) |
77,252,074 | ||||
| SHORT-TERM INVESTMENT – 1.0% | |||||
| MONEY MARKET FUND – 1.0% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $806,276) |
806,276 | 806,276 | |||
| TOTAL INVESTMENTS IN SECURITIES – 98.9% (Cost: $130,411,553) |
78,058,350 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.1% |
870,094 | ||||
| NET ASSETS – 100.0% | $ | 78,928,444 | |||
| * | Non-income producing security. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 70 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree International Dividend ex-Financials Fund†
(Formerly WisdomTree International Dividend Top 100 Fund)
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 99.0% | |||||
| Australia – 21.0% | |||||
| AMP Ltd. |
552,522 | $ | 1,804,294 | ||
| Australia & New Zealand Banking Group Ltd. |
210,380 | 2,302,210 | |||
| Commonwealth Bank of Australia |
95,674 | 2,308,652 | |||
| Macquarie Group Ltd. |
82,439 | 1,549,387 | |||
| National Australia Bank Ltd. |
144,498 | 2,017,984 | |||
| QBE Insurance Group Ltd. |
126,277 | 1,690,697 | |||
| Suncorp-Metway Ltd. |
341,969 | 1,425,601 | |||
| Telstra Corp., Ltd. |
856,107 | 1,909,382 | |||
| Wesfarmers Ltd. |
91,812 | 1,202,460 | |||
| Westpac Banking Corp. |
343,563 | 4,556,928 | |||
| Woolworths Ltd. |
76,425 | 1,328,033 | |||
| Total Australia | 22,095,628 | ||||
| Belgium – 3.3% | |||||
| Anheuser-Busch InBev N.V.* |
45,238 | 1,245,997 | |||
| Belgacom S.A.* |
70,235 | 2,200,724 | |||
| Total Belgium | 3,446,721 | ||||
| Finland – 1.5% | |||||
| Sampo Oyj Class A* |
104,339 | 1,540,464 | |||
| France – 19.9% | |||||
| Accor S.A.* |
27,326 | 951,099 | |||
| AXA S.A.* |
91,814 | 1,103,208 | |||
| BNP Paribas* |
30,588 | 1,263,836 | |||
| Cie de Saint-Gobain* |
37,918 | 1,063,260 | |||
| CNP Assurances* |
16,650 | 1,050,045 | |||
| Credit Agricole S.A.* |
178,480 | 1,969,678 | |||
| France Telecom S.A.* |
125,916 | 2,867,115 | |||
| Lafarge S.A.* |
11,829 | 532,255 | |||
| Peugeot S.A.* |
37,284 | 704,908 | |||
| PPR* |
19,510 | 1,250,618 | |||
| Sanofi-Aventis S.A.* |
37,809 | 2,127,434 | |||
| Schneider Electric S.A.* |
19,809 | 1,317,914 | |||
| TOTAL S.A.* |
25,594 | 1,271,745 | |||
| Vallourec S.A.* |
6,206 | 575,214 | |||
| Vinci S.A. |
27,670 | 1,026,996 | |||
| Vivendi* |
71,590 | 1,893,873 | |||
| Total France | 20,969,198 | ||||
| Germany – 7.4% | |||||
| Allianz SE* |
10,520 | 883,578 | |||
| BASF SE* |
24,335 | 736,335 | |||
| Daimler AG* |
24,337 | 616,518 | |||
| Deutsche Bank AG* |
28,151 | 1,132,496 | |||
| Deutsche Post AG* |
66,301 | 713,906 | |||
| Deutsche Telekom AG* |
193,450 | 2,401,488 | |||
| Muenchener Rueckversicherungs AG* |
10,313 | 1,256,978 | |||
| Total Germany | 7,741,299 | ||||
| Greece – 3.2% | |||||
| Alpha Bank AE* |
59,768 | 395,183 | |||
| Hellenic Telecommunications Organization S.A.* |
67,201 | 1,002,864 | |||
| OPAP S.A.* |
76,306 | 2,007,994 | |||
| Total Greece | 3,406,041 | ||||
| Investments | Shares | U.S. $ Value | |||
| Hong Kong – 3.2% | |||||
| CLP Holdings Ltd. |
233,885 | $ | 1,607,016 | ||
| HongKong Electric Holdings |
295,387 | 1,753,265 | |||
| Total Hong Kong | 3,360,281 | ||||
| Italy – 10.1% | |||||
| Banca Monte dei Paschi di Siena SpA* |
1,630,261 | 2,255,407 | |||
| Enel SpA* |
275,158 | 1,319,745 | |||
| ENI SpA* |
56,766 | 1,101,884 | |||
| Mediobanca SpA* |
135,309 | 1,147,962 | |||
| Snam Rete Gas SpA* |
385,156 | 2,065,942 | |||
| Telecom Italia SpA* |
1,223,354 | 1,577,144 | |||
| Unione di Banche Italiane SCPA* |
103,676 | 1,141,812 | |||
| Total Italy | 10,609,896 | ||||
| Netherlands – 1.4% | |||||
| Koninklijke KPN N.V.* |
113,703 | 1,518,693 | |||
| Singapore – 2.2% | |||||
| DBS Group Holdings Ltd.* |
149,000 | 828,214 | |||
| Singapore Telecommunications Ltd.* |
904,274 | 1,504,942 | |||
| Total Singapore | 2,333,156 | ||||
| Spain – 5.0% | |||||
| ACS Actividades de Construccion y Servicios, S.A.* |
35,489 | 1,471,990 | |||
| Banco Bilbao Vizcaya Argentaria S.A.* |
104,735 | 849,636 | |||
| Banco Popular Espanol S.A.*(a) |
127,701 | 808,747 | |||
| Banco Santander S.A.* |
117,345 | 808,597 | |||
| Telefonica S.A.* |
64,711 | 1,290,471 | |||
| Total Spain | 5,229,441 | ||||
| Sweden – 3.9% | |||||
| AB Volvo Class B* |
164,597 | 870,041 | |||
| Hennes & Mauritz AB Class B* |
30,978 | 1,157,839 | |||
| Nordea Bank AB* |
176,037 | 873,020 | |||
| Svenska Handelsbanken AB Class A* |
86,016 | 1,212,108 | |||
| Total Sweden | 4,113,008 | ||||
| Switzerland – 4.5% | |||||
| Credit Suisse Group AG* |
43,221 | 1,317,479 | |||
| Swiss Reinsurance* |
30,150 | 494,258 | |||
| Swisscom AG* |
6,113 | 1,719,038 | |||
| Zurich Financial Services AG* |
7,893 | 1,250,191 | |||
| Total Switzerland | 4,780,966 | ||||
| United Kingdom – 12.4% | |||||
| AstraZeneca PLC |
48,696 | 1,710,760 | |||
| Aviva PLC |
227,651 | 705,632 | |||
| BP PLC |
166,901 | 1,127,958 | |||
| BT Group PLC |
822,519 | 921,945 | |||
| Centrica PLC |
378,556 | 1,235,779 | |||
| GlaxoSmithKline PLC |
103,532 | 1,613,825 | |||
| HSBC Holdings PLC |
183,795 | 1,040,599 | |||
| Legal & General Group PLC |
1,104,992 | 681,052 | |||
| Man Group PLC |
139,343 | 436,404 | |||
| National Grid PLC |
154,196 | 1,183,546 | |||
| Scottish & Southern Energy PLC |
68,777 | 1,093,269 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 71 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Dividend ex-Financials Fund†
(Formerly WisdomTree International Dividend Top 100 Fund)
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Vodafone Group PLC |
752,686 | $ | 1,324,304 | ||
| Total United Kingdom | 13,075,073 | ||||
| TOTAL COMMON STOCKS (Cost: $206,749,367) |
104,219,865 | ||||
| SHORT-TERM INVESTMENT – 0.4% | |||||
| MONEY MARKET FUND – 0.4% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $430,020) |
430,020 | 430,020 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0% | |||||
| MONEY MARKET FUND – 0.0% | |||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $23,002)(d) |
23,002 | 23,002 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.4% (Cost: $207,202,389) |
104,672,887 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.6% |
632,102 | ||||
| NET ASSETS – 100.0% | $ | 105,304,989 | |||
| † |
Fund name change May 7, 2009. Information presented reflects investment style of WisdomTree International Dividend Top 100 Fund. |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $22,005 and the total market value of the collateral held by the Fund was $23,002. |
See Notes to Financial Statements.
| 72 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.4% | |||||
| Australia – 10.8% | |||||
| AGL Energy Ltd. |
23,862 | $ | 248,027 | ||
| Amcor Ltd. |
95,696 | 295,879 | |||
| Aristocrat Leisure Ltd. |
48,181 | 114,154 | |||
| ASX Ltd. |
21,465 | 437,722 | |||
| AXA Asia Pacific Holdings Ltd. |
120,989 | 285,815 | |||
| Babcock & Brown Ltd.† |
247,834 | 55,963 | |||
| Bendigo and Adelaide Bank Ltd. |
26,137 | 148,730 | |||
| Billabong International Ltd. |
16,754 | 98,946 | |||
| BlueScope Steel Ltd. |
85,803 | 153,213 | |||
| Boral Ltd. |
96,283 | 241,500 | |||
| Brambles Ltd. |
94,026 | 313,580 | |||
| Coca-Cola Amatil Ltd. |
96,946 | 583,995 | |||
| Cochlear Ltd. |
3,371 | 117,343 | |||
| Computershare Ltd. |
36,182 | 220,723 | |||
| Consolidated Media Holdings Ltd. |
157,711 | 219,155 | |||
| Crown Ltd. |
28,613 | 126,240 | |||
| CSR Ltd. |
130,979 | 109,205 | |||
| Energy Resources of Australia Ltd. |
3,157 | 46,590 | |||
| Fairfax Media Ltd. |
211,111 | 148,880 | |||
| Foster’s Group Ltd. |
216,850 | 762,377 | |||
| Harvey Norman Holdings Ltd. |
122,694 | 219,087 | |||
| Incitec Pivot Ltd. |
60,116 | 88,549 | |||
| Insurance Australia Group Ltd. |
316,317 | 769,220 | |||
| Lend Lease Corp., Ltd. |
56,911 | 256,626 | |||
| Lion Nathan Ltd. |
70,202 | 394,113 | |||
| Metcash Ltd. |
44,197 | 124,675 | |||
| OneSteel Ltd. |
37,192 | 58,142 | |||
| Orica Ltd. |
21,143 | 217,267 | |||
| Origin Energy Ltd. |
35,376 | 363,773 | |||
| Qantas Airways Ltd. |
417,892 | 506,663 | |||
| Santos Ltd. |
27,809 | 325,570 | |||
| Sims Metal Management Ltd. |
12,099 | 141,227 | |||
| Sonic Healthcare Ltd. |
20,867 | 160,497 | |||
| TABCORP Holdings Ltd. |
95,616 | 431,821 | |||
| Tatts Group Ltd. |
194,289 | 373,928 | |||
| Toll Holdings Ltd. |
64,137 | 278,515 | |||
| WorleyParsons Ltd. |
8,462 | 105,829 | |||
| Total Australia | 9,543,539 | ||||
| Austria – 1.2% | |||||
| Andritz AG* |
2,418 | 74,352 | |||
| EVN AG* |
1,033 | 14,881 | |||
| Flughafen Wien AG* |
933 | 27,265 | |||
| Mayr Melnhof Karton AG* |
287 | 20,196 | |||
| Oesterreichische Post AG* |
4,733 | 140,573 | |||
| Telekom Austria AG* |
37,741 | 571,239 | |||
| Uniqa Versicherungen AG* |
2,297 | 48,796 | |||
| Vienna Insurance Group* |
4,896 | 140,604 | |||
| Total Austria | 1,037,906 | ||||
| Belgium – 2.1% | |||||
| Bekaert S.A.* |
1,013 | 68,310 | |||
| Colruyt S.A.* |
1,178 | 270,077 | |||
| Investments | Shares | U.S. $ Value | |||
| Compagnie Maritime Belge S.A.* |
4,740 | $ | 103,651 | ||
| Delhaize Group* |
5,565 | 360,640 | |||
| Mobistar S.A.* |
6,416 | 405,056 | |||
| Solvay S.A.* |
4,602 | 322,307 | |||
| UCB S.A.* |
8,552 | 251,956 | |||
| Umicore* |
4,213 | 77,779 | |||
| Total Belgium | 1,859,776 | ||||
| Cayman Islands – 0.0% | |||||
| Hopewell Highway Infrastructure Ltd. |
8,716 | 4,915 | |||
| Denmark – 0.9% | |||||
| Coloplast A/S Class B* |
1,171 | 72,015 | |||
| D/S Norden* |
4,293 | 119,955 | |||
| Danisco A/S* |
2,252 | 67,341 | |||
| FLSmidth & Co. A/S* |
1,005 | 25,529 | |||
| H. Lundbeck A/S* |
8,484 | 144,428 | |||
| Novozymes A/S Class B* |
1,303 | 94,069 | |||
| TrygVesta A/S |
6,058 | 306,148 | |||
| Total Denmark | 829,485 | ||||
| Finland – 2.9% | |||||
| Cargotec Corp. Class B* |
7,018 | 65,225 | |||
| Elisa Oyj* |
12,394 | 180,846 | |||
| Kesko Oyj Class B* |
6,100 | 126,587 | |||
| Kone Oyj Class B* |
9,987 | 206,852 | |||
| Metso Oyj* |
14,534 | 171,741 | |||
| Neste Oil Oyj* |
26,522 | 352,837 | |||
| Nokian Renkaat Oyj* |
3,375 | 39,612 | |||
| Outokumpu Oyj* |
16,247 | 176,020 | |||
| Pohjola Bank PLC* |
21,005 | 123,824 | |||
| Rautaruukki Oyj* |
14,097 | 225,722 | |||
| Sanoma Oyj* |
14,904 | 190,361 | |||
| Stora Enso Oyj Class R* |
60,665 | 215,055 | |||
| UPM-Kymmene Oyj* |
45,426 | 262,358 | |||
| Wartsila Oyj* |
7,214 | 152,195 | |||
| YIT Oyj* |
11,928 | 79,976 | |||
| Total Finland | 2,569,211 | ||||
| France – 9.1% | |||||
| Aeroports de Paris* |
4,014 | 213,176 | |||
| Air France-KLM* |
22,906 | 203,763 | |||
| Cap Gemini S.A.* |
6,631 | 213,232 | |||
| Casino Guichard Perrachon S.A.* |
7,837 | 510,062 | |||
| Ciments Francais S.A.* |
1,650 | 120,576 | |||
| Dassault Systemes S.A.* |
1,141 | 44,326 | |||
| Etablissements Maurel et Prom* |
16,047 | 216,891 | |||
| Euler Hermes S.A.* |
10,414 | 343,593 | |||
| Fonciere Des Regions* |
5,531 | 259,630 | |||
| ICADE* |
3,181 | 225,150 | |||
| Iliad S.A.* |
272 | 25,352 | |||
| Imerys S.A.* |
4,389 | 160,571 | |||
| Ipsen S.A.* |
6,429 | 247,452 | |||
| Klepierre* |
15,024 | 264,203 | |||
| Lagardere SCA* |
9,787 | 274,633 | |||
| Legrand S.A.* |
19,006 | 330,191 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 73 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| M6-Metropole Television* |
24,801 | $ | 404,689 | ||
| Neopost S.A.* |
3,079 | 238,759 | |||
| Nexans S.A.* |
1,212 | 45,990 | |||
| PagesJaunes Groupe |
63,899 | 540,168 | |||
| Publicis Groupe* |
14,708 | 377,277 | |||
| Rallye S.A. |
5,654 | 101,642 | |||
| Remy Cointreau S.A.* |
4,475 | 106,055 | |||
| Sa des Ciments Vicat* |
2,296 | 101,664 | |||
| SCOR SE* |
14,164 | 291,392 | |||
| SEB S.A.* |
1,575 | 42,638 | |||
| Societe BIC S.A.* |
6,749 | 331,499 | |||
| Societe Des Autoroutes Paris-Rhin-Rhone* |
7,592 | 483,735 | |||
| Societe Fonciere Financiere et de Participations FFP |
1,576 | 57,689 | |||
| Societe Immobiliere de Location pour l’Industrie et le Commerce* |
1,101 | 82,577 | |||
| Societe Television Francaise 1* |
33,758 | 264,486 | |||
| Technip S.A.* |
6,176 | 218,199 | |||
| Thales S.A.* |
11,745 | 445,048 | |||
| Wendel* |
3,493 | 92,289 | |||
| Zodiac* |
4,462 | 113,093 | |||
| Total France | 7,991,690 | ||||
| Germany – 2.9% | |||||
| Altana AG* |
8,689 | 148,819 | |||
| Bilfinger Berger AG* |
1,510 | 57,077 | |||
| Celesio AG* |
7,307 | 134,657 | |||
| Deutsche Lufthansa AG* |
57,722 | 626,128 | |||
| Fielmann AG* |
1,286 | 79,156 | |||
| Fraport AG Frankfurt Airport Services Worldwide* |
4,017 | 129,228 | |||
| Fresenius SE* |
2,457 | 93,135 | |||
| Generali Deutschland Holding AG* |
2,297 | 173,834 | |||
| Henkel AG & Co. KGaA* |
8,133 | 205,166 | |||
| Hochtief AG* |
2,726 | 103,187 | |||
| Lanxess AG* |
4,581 | 78,035 | |||
| Rheinmetall AG* |
1,958 | 66,577 | |||
| Salzgitter AG* |
1,678 | 93,749 | |||
| Stada Arzneimittel AG* |
2,891 | 47,289 | |||
| Suedzucker AG* |
15,744 | 303,307 | |||
| Wacker Chemie AG* |
1,697 | 140,887 | |||
| Wincor Nixdorf AG* |
1,723 | 78,031 | |||
| Total Germany | 2,558,262 | ||||
| Hong Kong – 2.4% | |||||
| Bank of East Asia Ltd. |
117,599 | 227,004 | |||
| China Merchants Holdings International Co., Ltd. |
104,479 | 240,504 | |||
| China Resources Enterprise |
102,162 | 158,186 | |||
| China Resources Power Holdings Co., Ltd. |
86,321 | 180,884 | |||
| Denway Motors Ltd. |
410,097 | 158,747 | |||
| Guangdong Investment Ltd. |
316,808 | 127,541 | |||
| Hopewell Holdings Ltd. |
87,162 | 228,871 | |||
| Lenovo Group Ltd. |
294,000 | 67,525 | |||
| New World Development Ltd. |
138,482 | 138,125 | |||
| Shanghai Industrial Holdings Ltd. |
65,000 | 179,903 | |||
| Shougang Concord International Enterprises Co., Ltd. |
722,000 | 74,529 | |||
| Investments | Shares | U.S. $ Value | |||
| Sino Land Co. |
158,522 | $ | 158,522 | ||
| Television Broadcasts Ltd. |
28,074 | 89,656 | |||
| Wing Hang Bank Ltd. |
19,759 | 94,716 | |||
| Total Hong Kong | 2,124,713 | ||||
| Ireland – 0.1% | |||||
| C&C Group PLC |
39,058 | 67,415 | |||
| Kerry Group PLC Class A |
2,968 | 60,094 | |||
| Total Ireland | 127,509 | ||||
| Italy – 7.6% | |||||
| A2A SpA* |
204,963 | 311,044 | |||
| ACEA SpA* |
17,991 | 214,980 | |||
| Alleanza Assicurazioni SpA* |
104,636 | 589,738 | |||
| Banca Carige SpA* |
94,911 | 311,253 | |||
| Banca Popolare di Milano S.c.r.l.* |
39,093 | 194,639 | |||
| Banca Popolare di Sondrio S.c.r.l.* |
17,901 | 145,693 | |||
| Benetton Group SpA* |
26,787 | 174,447 | |||
| Bulgari SpA* |
22,600 | 99,320 | |||
| Buzzi Unicem SpA* |
3,602 | 40,387 | |||
| Credito Emiliano SpA* |
22,934 | 94,393 | |||
| ERG SpA* |
6,464 | 80,416 | |||
| Finmeccanica SpA* |
13,089 | 162,834 | |||
| Fondiaria-Sai SpA* |
12,645 | 147,741 | |||
| Geox SpA* |
22,287 | 139,075 | |||
| Hera SpA* |
75,340 | 123,936 | |||
| Intesa Sanpaolo SpA RSP* |
138,990 | 261,489 | |||
| Iride SpA* |
9,578 | 11,439 | |||
| Italcementi SpA* |
10,618 | 107,423 | |||
| Lottomatica SpA* |
7,815 | 128,454 | |||
| Mediaset SpA* |
175,642 | 782,969 | |||
| Mediolanum SpA* |
68,836 | 237,623 | |||
| Milano Assicurazioni SpA* |
70,849 | 163,017 | |||
| Parmalat SpA* |
213,891 | 440,458 | |||
| Prysmian SpA |
7,275 | 72,443 | |||
| Saras SpA* |
30,754 | 80,521 | |||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
8,654 | 203,027 | |||
| Societa Iniziative Autostradali e Servizi SpA* |
3,302 | 16,747 | |||
| Telecom Italia SpA RSP* |
770,070 | 783,687 | |||
| Terna Rete Elettrica Nazionale SpA* |
190,262 | 592,372 | |||
| Total Italy | 6,711,565 | ||||
| Japan – 21.8% | |||||
| Advantest Corp.* |
6,800 | 100,585 | |||
| Aioi Insurance Co., Ltd.* |
41,000 | 157,740 | |||
| Aisin Seiki Co., Ltd. |
14,000 | 219,135 | |||
| Ajinomoto Co., Inc. |
28,000 | 197,023 | |||
| All Nippon Airways Co., Ltd.* |
88,000 | 343,910 | |||
| Amada Co., Ltd. |
14,000 | 73,423 | |||
| Asahi Breweries Ltd. |
20,600 | 245,273 | |||
| Asahi Kasei Corp. |
84,000 | 301,914 | |||
| Brother Industries Ltd. |
9,000 | 65,880 | |||
| Casio Computer Co., Ltd.* |
4,300 | 30,170 | |||
| Chiba Bank Ltd. (The) |
45,000 | 220,968 | |||
| Chiyoda Corp.* |
7,000 | 37,137 | |||
| Chugai Pharmaceutical Co., Ltd. |
13,070 | 219,664 | |||
See Notes to Financial Statements.
| 74 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Chugoku Bank Ltd. (The) |
5,000 | $ | 63,683 | ||
| Chugoku Electric Power Co., Inc. (The) |
20,100 | 435,497 | |||
| Citizen Holdings Co., Ltd. |
9,300 | 37,663 | |||
| Cosmo Oil Co., Ltd. |
54,000 | 162,924 | |||
| Dai Nippon Printing Co., Ltd. |
25,000 | 227,549 | |||
| Daido Steel Co., Ltd. |
19,000 | 46,745 | |||
| Daihatsu Motor Co., Ltd. |
5,000 | 38,929 | |||
| Dainippon Sumitomo Pharma Co., Ltd. |
23,656 | 195,916 | |||
| Daito Trust Construction Co., Ltd. |
3,000 | 100,233 | |||
| Daiwa House Industry Co., Ltd.* |
28,000 | 224,522 | |||
| Eisai Co., Ltd. |
19,900 | 580,257 | |||
| Electric Power Development Co., Ltd. |
8,000 | 236,509 | |||
| Fast Retailing Co., Ltd. |
2,800 | 316,655 | |||
| Fuji Heavy Industries Ltd. |
69,000 | 224,947 | |||
| Furukawa Electric Co., Ltd. (The) |
12,000 | 33,775 | |||
| Gunma Bank Ltd. (The) |
13,000 | 69,758 | |||
| Hankyu Hanshin Holdings, Inc.* |
80,000 | 362,053 | |||
| Hino Motors Ltd. |
67,000 | 145,844 | |||
| Hitachi Chemical Co., Ltd. |
3,100 | 36,973 | |||
| Hitachi Construction Machinery Co., Ltd. |
4,100 | 52,677 | |||
| Hokkaido Electric Power Co., Inc. |
18,300 | 366,852 | |||
| Hokuriku Electric Power Co. |
10,100 | 242,351 | |||
| HOYA CORP. |
15,800 | 308,737 | |||
| Ibiden Co., Ltd. |
8,200 | 196,345 | |||
| Iyo Bank Ltd. (The) |
13,000 | 130,961 | |||
| JGC Corp.* |
6,000 | 67,794 | |||
| JS Group Corp. |
22,400 | 250,829 | |||
| Kajima Corp. |
26,000 | 63,704 | |||
| Kaneka Corp. |
42,000 | 205,811 | |||
| Kawasaki Heavy Industries Ltd.* |
35,000 | 69,454 | |||
| Keio Corp. |
14,000 | 79,376 | |||
| Kobe Steel Ltd. |
197,000 | 251,311 | |||
| Konami Corp. |
4,500 | 67,338 | |||
| Kubota Corp. |
29,000 | 157,082 | |||
| Kyushu Electric Power Co., Inc. |
14,400 | 322,203 | |||
| Lawson, Inc. |
6,500 | 268,503 | |||
| Leopalace21 Corp. |
13,700 | 80,727 | |||
| Marui Group Co., Ltd. |
25,700 | 136,085 | |||
| Mazda Motor Corp. |
6,000 | 9,963 | |||
| Mitsubishi Chemical Holdings Corp. |
49,000 | 166,690 | |||
| Mitsubishi Gas Chemical Co., Inc. |
12,000 | 51,028 | |||
| Mitsui Chemicals, Inc. |
22,000 | 53,235 | |||
| Mitsui Engineering & Shipbuilding Co., Ltd.* |
27,000 | 44,831 | |||
| Mitsumi Electric Co., Ltd.* |
5,400 | 77,088 | |||
| NGK Insulators Ltd. |
9,000 | 137,137 | |||
| Nikon Corp. |
10,000 | 111,977 | |||
| Nippon Electric Glass Co., Ltd. |
27,500 | 190,999 | |||
| Nippon Mining Holdings, Inc. |
52,000 | 205,326 | |||
| Nippon Oil Corp. |
56,000 | 276,116 | |||
| Nippon Sheet Glass Co., Ltd. |
22,000 | 53,903 | |||
| Nippon Yusen K.K. |
56,000 | 213,749 | |||
| Nishi-Nippon City Bank Ltd. (The)* |
37,000 | 79,417 | |||
| Nisshin Seifun Group, Inc. |
8,500 | 90,620 | |||
| Nitto Denko Corp. |
4,700 | 95,409 | |||
| Investments | Shares | U.S. $ Value | |||
| NOK Corp. |
16,800 | $ | 142,367 | ||
| Nomura Real Estate Holdings, Inc. |
3,900 | 58,636 | |||
| NSK Ltd. |
15,000 | 57,254 | |||
| Obayashi Corp. |
19,000 | 91,951 | |||
| OJI Paper Co., Ltd. |
75,000 | 303,736 | |||
| Olympus Corp. |
13,000 | 207,958 | |||
| Oracle Corp. |
12,968 | 488,417 | |||
| Oriental Land Co., Ltd. |
2,200 | 139,881 | |||
| Osaka Gas Co., Ltd. |
122,000 | 380,439 | |||
| Panasonic Electric Works Co., Ltd. |
28,000 | 202,977 | |||
| Sankyo Co., Ltd. |
5,500 | 237,775 | |||
| Secom Co., Ltd.* |
6,300 | 231,538 | |||
| Sega Sammy Holdings, Inc. |
15,118 | 132,093 | |||
| Seiko Epson Corp. |
4,300 | 57,989 | |||
| Sekisui Chemical Co., Ltd. |
14,000 | 69,454 | |||
| Sekisui House Ltd. |
28,000 | 210,914 | |||
| Shikoku Electric Power Co., Inc. |
4,200 | 112,048 | |||
| Shinko Securities Co., Ltd.* |
36,000 | 69,616 | |||
| Shiseido Co., Ltd. |
21,000 | 305,103 | |||
| Shizuoka Bank Ltd. (The) |
28,000 | 250,602 | |||
| Showa Shell Sekiyu K.K. |
16,900 | 153,310 | |||
| Sojitz Corp. |
41,800 | 49,515 | |||
| Sompo Japan Insurance, Inc.* |
24,000 | 122,709 | |||
| Sumco Corp. |
12,300 | 179,575 | |||
| Sumitomo Chemical Co., Ltd. |
37,000 | 124,744 | |||
| Sumitomo Realty & Development Co., Ltd. |
8,000 | 87,719 | |||
| Taisei Corp. |
33,000 | 62,813 | |||
| TDK Corp. |
3,600 | 133,036 | |||
| Teijin Ltd. |
32,000 | 69,009 | |||
| Terumo Corp. |
7,200 | 264,615 | |||
| THK Co., Ltd. |
2,400 | 32,123 | |||
| Toho Gas Co., Ltd.* |
14,000 | 64,068 | |||
| Tohoku Electric Power Co., Inc. |
21,700 | 475,656 | |||
| Tokyo Broadcasting System, Inc. |
4,100 | 53,715 | |||
| Tokyo Electron Ltd. |
2,900 | 106,875 | |||
| Tokyo Gas Co., Ltd. |
46,000 | 160,676 | |||
| Tokyo Tatemono Co., Ltd. |
16,000 | 40,984 | |||
| Tokyu Corp. |
74,000 | 308,677 | |||
| Tokyu Land Corp. |
14,000 | 38,271 | |||
| TonenGeneral Sekiyu K.K. |
46,104 | 449,511 | |||
| Toppan Printing Co., Ltd. |
25,000 | 169,333 | |||
| Toray Industries, Inc. |
34,000 | 135,972 | |||
| Toyo Seikan Kaisha Ltd. |
13,700 | 198,905 | |||
| Toyota Tsusho Corp. |
19,600 | 187,725 | |||
| Trend Micro, Inc.* |
6,500 | 182,292 | |||
| Yamada Denki Co., Ltd.* |
2,700 | 105,518 | |||
| Yamaguchi Financial Group, Inc. |
14,000 | 131,396 | |||
| Yamaha Motor Co., Ltd. |
16,800 | 148,831 | |||
| Yamato Holdings Co., Ltd. |
28,000 | 262,792 | |||
| Yokogawa Electric Corp. |
7,300 | 29,120 | |||
| Total Japan | 19,209,115 | ||||
| Netherlands – 2.5% | |||||
| ASML Holding N.V.* |
6,941 | 123,028 | |||
| Fugro N.V. CVA* |
2,579 | 82,008 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 75 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Heineken Holding N.V. |
9,162 | $ | 222,487 | ||
| Hunter Douglas N.V.* |
5,139 | 120,086 | |||
| Imtech N.V.* |
1,182 | 16,258 | |||
| Koninklijke BAM Groep N.V.* |
17,279 | 153,500 | |||
| Koninklijke Boskalis Westminster N.V.* |
4,462 | 89,633 | |||
| Koninklijke DSM N.V.* |
10,090 | 265,452 | |||
| Koninklijke Vopak N.V.* |
2,828 | 113,130 | |||
| Reed Elsevier N.V. |
38,509 | 412,300 | |||
| SBM Offshore N.V.* |
11,269 | 150,067 | |||
| STMicroelectronics N.V.* |
23,810 | 119,179 | |||
| Wolters Kluwer N.V.* |
20,327 | 329,526 | |||
| Total Netherlands | 2,196,654 | ||||
| New Zealand – 1.2% | |||||
| Contact Energy Ltd. |
47,750 | 155,889 | |||
| Fletcher Building Ltd. |
74,612 | 255,509 | |||
| Telecom Corp. of New Zealand Ltd. |
480,969 | 625,889 | |||
| Total New Zealand | 1,037,287 | ||||
| Norway – 0.3% | |||||
| Aker ASA Class A* |
9,697 | 184,545 | |||
| Aker Solutions ASA* |
7,862 | 50,708 | |||
| Total Norway | 235,253 | ||||
| Portugal – 2.3% | |||||
| Banco BPI S.A. Registered Shares* |
96,136 | 191,970 | |||
| Banco Espirito Santo S.A.* |
49,199 | 191,392 | |||
| BRISA* |
39,405 | 272,054 | |||
| Cimpor Cimentos de Portugal SGPS S.A.* |
37,678 | 187,394 | |||
| Jeronimo Martins, SGPS, S.A.* |
19,864 | 97,793 | |||
| Portugal Telecom, SGPS, S.A. |
110,383 | 854,419 | |||
| Sonae* |
177,908 | 120,703 | |||
| Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.* |
27,612 | 147,008 | |||
| Total Portugal | 2,062,733 | ||||
| Singapore – 2.6% | |||||
| City Developments Ltd.* |
24,038 | 80,643 | |||
| ComfortDelgro Corp., Ltd.* |
185,338 | 165,807 | |||
| Cosco Corp. Singapore Ltd.* |
158,000 | 85,226 | |||
| Fraser and Neave Ltd.* |
83,402 | 138,802 | |||
| Jardine Cycle & Carriage Ltd.* |
12,904 | 100,502 | |||
| Keppel Land Ltd.* |
42,000 | 40,061 | |||
| Neptune Orient Lines Ltd.* |
126,000 | 97,803 | |||
| Olam International Ltd.* |
43,000 | 41,297 | |||
| SembCorp Industries Ltd.* |
82,000 | 126,760 | |||
| SembCorp Marine Ltd.* |
142,360 | 169,498 | |||
| SIA Engineering Co., Ltd.* |
35,536 | 43,713 | |||
| Singapore Exchange Ltd.* |
89,000 | 298,579 | |||
| Singapore Petroleum Co., Ltd.* |
54,000 | 101,592 | |||
| Singapore Press Holdings Ltd.* |
141,148 | 234,906 | |||
| Singapore Technologies Engineering Ltd.* |
203,000 | 328,496 | |||
| StarHub Ltd.* |
171,594 | 222,366 | |||
| Yanlord Land Group Ltd. |
65,000 | 47,888 | |||
| Total Singapore | 2,323,939 | ||||
| Investments | Shares | U.S. $ Value | |||
| Spain – 5.6% | |||||
| Acerinox S.A. |
10,323 | $ | 119,926 | ||
| Antena 3 de Television S.A.* |
47,839 | 190,548 | |||
| Banco de Sabadell S.A.* |
89,063 | 446,981 | |||
| Banco de Valencia S.A. |
11,966 | 99,295 | |||
| Banco Espanol de Credito S.A.* |
55,785 | 445,876 | |||
| Banco Guipuzcoano S.A. |
1,401 | 9,117 | |||
| Banco Pastor S.A.* |
7,640 | 42,197 | |||
| Bankinter, S.A.* |
19,712 | 208,588 | |||
| Bolsas y Mercados Espanoles* |
8,291 | 191,649 | |||
| Cementos Portland Valderrivas S.A. |
3,206 | 75,555 | |||
| Cintra Concesiones de Infraestructuras de Transporte, S.A.* |
10,927 | 48,891 | |||
| Ebro Puleva S.A.* |
15,489 | 181,792 | |||
| Enagas* |
12,980 | 183,882 | |||
| Fomento de Construcciones y Contratas S.A.* |
12,634 | 386,645 | |||
| Gamesa Corp. Tecnologica, S.A.* |
5,065 | 64,962 | |||
| Gestevision Telecinco S.A.* |
59,930 | 415,351 | |||
| Grupo Catalana Occidente S.A.* |
3,807 | 45,036 | |||
| Grupo Ferrovial, S.A.* |
5,161 | 110,047 | |||
| Iberia Lineas Aereas de Espana* |
145,518 | 305,263 | |||
| Indra Sistemas S.A.* |
13,711 | 264,324 | |||
| Mapfre S.A.* |
136,526 | 299,088 | |||
| Promotora de Informaciones S.A.* |
26,533 | 69,399 | |||
| Red Electrica Corp S.A.* |
5,561 | 217,070 | |||
| Sacyr Vallehermoso, S.A.* |
13,758 | 105,946 | |||
| Sociedad General de Aguas de Barcelona S.A. Class A* |
5,252 | 80,190 | |||
| Sol Melia S.A.* |
10,486 | 29,654 | |||
| Zardoya Otis, S.A.* |
17,254 | 315,445 | |||
| Total Spain | 4,952,717 | ||||
| Sweden – 4.5% | |||||
| AB Volvo Class A* |
82,292 | 435,982 | |||
| Alfa Laval AB* |
22,595 | 170,133 | |||
| Assa Abloy AB Class B* |
26,680 | 248,492 | |||
| Atlas Copco AB Class B* |
13,666 | 92,569 | |||
| Boliden AB* |
40,556 | 207,997 | |||
| Hakon Invest AB |
8,962 | 74,527 | |||
| Hexagon AB Class B* |
13,460 | 65,124 | |||
| Kinnevik Investment AB Class B* |
11,224 | 85,871 | |||
| Lundbergforetagen AB Class B* |
3,040 | 97,444 | |||
| Meda AB Class A* |
4,389 | 25,907 | |||
| Modern Times Group AB Class B* |
3,422 | 58,052 | |||
| Ratos AB Class B* |
5,752 | 87,143 | |||
| Saab AB Class B* |
3,705 | 22,632 | |||
| Scania AB Class A* |
27,295 | 218,728 | |||
| Scania AB Class B* |
30,190 | 244,666 | |||
| Seco Tools Class B* |
4,053 | 27,576 | |||
| Securitas AB Class B* |
40,489 | 293,849 | |||
| Skanska AB Class B* |
33,663 | 289,100 | |||
| SKF AB Class B* |
28,057 | 241,803 | |||
| SSAB Svenskt Stal AB Series A* |
10,727 | 90,827 | |||
| Svenska Cellulosa AB Class B* |
43,288 | 327,253 | |||
| Swedbank AB Class A* |
65,108 | 216,573 | |||
See Notes to Financial Statements.
| 76 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Swedish Match AB* |
11,224 | $ | 161,559 | ||
| Tele2 AB Class B* |
9,873 | 82,999 | |||
| Telefonaktiebolaget LM Ericsson Class A* |
17,495 | 141,783 | |||
| Total Sweden | 4,008,589 | ||||
| Switzerland – 3.7% | |||||
| Adecco S.A.* |
5,606 | 175,420 | |||
| Aryzta AG* |
3,031 | 70,867 | |||
| Baloise Holding AG* |
3,142 | 201,306 | |||
| Bank Sarasin & Cie AG Class B* |
1,531 | 32,248 | |||
| Ciba Holding AG* |
14,010 | 611,632 | |||
| EFG International AG |
3,025 | 22,587 | |||
| Geberit AG* |
1,504 | 135,314 | |||
| Givaudan S.A.* |
336 | 174,346 | |||
| Helvetia Holding AG |
560 | 119,432 | |||
| Kuehne + Nagel International AG* |
4,178 | 244,165 | |||
| Lonza Group AG* |
1,749 | 173,046 | |||
| Nobel Biocare Holding AG* |
4,118 | 70,332 | |||
| Panalpina Welttransport Holding AG* |
1,211 | 59,535 | |||
| Partners Group Holding AG* |
856 | 51,456 | |||
| Schindler Holding AG* |
2,041 | 93,340 | |||
| SGS S.A.* |
463 | 486,597 | |||
| Sonova Holding AG* |
1,165 | 70,491 | |||
| Straumann Holding AG |
252 | 39,095 | |||
| Sulzer AG* |
1,219 | 62,931 | |||
| Swatch Group AG (The)* |
4,057 | 99,369 | |||
| Swatch Group AG (The) Class B* |
785 | 94,928 | |||
| Vontobel Holding AG* |
7,259 | 134,704 | |||
| Total Switzerland | 3,223,141 | ||||
| United Kingdom – 13.9% | |||||
| Admiral Group PLC |
20,497 | 250,753 | |||
| AMEC PLC |
13,256 | 101,368 | |||
| Amlin PLC |
58,216 | 287,047 | |||
| ARM Holdings PLC |
49,134 | 72,187 | |||
| Arriva PLC |
20,934 | 111,171 | |||
| Ashmore Group PLC |
49,894 | 109,061 | |||
| Balfour Beatty PLC |
8,439 | 39,675 | |||
| Bunzl PLC |
32,634 | 255,631 | |||
| Burberry Group PLC |
15,983 | 64,547 | |||
| Cable & Wireless PLC |
255,103 | 510,085 | |||
| Capita Group PLC (The) |
37,522 | 364,912 | |||
| Carphone Warehouse Group PLC |
25,678 | 46,191 | |||
| Cobham PLC |
24,612 | 60,607 | |||
| Daily Mail & General Trust N.V. Class A |
29,035 | 97,385 | |||
| Drax Group PLC |
15,241 | 112,833 | |||
| Enterprise Inns PLC |
75,873 | 73,680 | |||
| Firstgroup PLC |
22,394 | 85,863 | |||
| Friends Provident PLC* |
300,684 | 298,673 | |||
| Hammerson PLC |
26,525 | 96,760 | |||
| Hays PLC |
53,463 | 55,749 | |||
| Home Retail Group PLC |
91,589 | 295,050 | |||
| ICAP PLC |
33,874 | 147,723 | |||
| IMI PLC |
40,746 | 158,419 | |||
| Informa PLC |
35,484 | 133,510 | |||
| Investments | Shares | U.S. $ Value | |||
| Inmarsat PLC |
31,701 | $ | 222,309 | ||
| Intercontinental Hotels Group PLC |
26,128 | 198,863 | |||
| Investec PLC |
60,434 | 252,940 | |||
| J. Sainsbury PLC |
88,291 | 396,108 | |||
| John Wood Group PLC |
6,811 | 21,893 | |||
| Johnson Matthey PLC |
5,966 | 90,046 | |||
| Kingfisher PLC |
299,052 | 641,684 | |||
| Ladbrokes PLC |
50,942 | 133,805 | |||
| Logica PLC |
165,153 | 150,910 | |||
| London Stock Exchange Group PLC |
15,820 | 128,231 | |||
| Marks & Spencer Group PLC |
169,013 | 717,074 | |||
| Meggitt PLC |
58,025 | 106,666 | |||
| Millennium & Copthorne Hotels PLC |
28,964 | 71,407 | |||
| Mondi PLC |
41,425 | 87,877 | |||
| National Express Group PLC |
13,586 | 29,551 | |||
| Next PLC |
23,912 | 453,791 | |||
| Northumbrian Water Group PLC |
25,314 | 79,189 | |||
| Pearson PLC |
58,011 | 583,298 | |||
| Pennon Group PLC |
24,429 | 141,812 | |||
| Rexam PLC |
54,710 | 211,730 | |||
| RSA Insurance Group PLC* |
253,382 | 472,504 | |||
| Sage Group PLC (The) |
55,853 | 135,456 | |||
| Schroders PLC |
10,341 | 117,244 | |||
| Severn Trent PLC |
10,513 | 149,181 | |||
| Smith & Nephew PLC |
33,018 | 204,450 | |||
| Smiths Group PLC |
31,836 | 305,279 | |||
| St. James’s Place PLC |
52,904 | 126,636 | |||
| Standard Life PLC |
168,228 | 400,516 | |||
| Tate & Lyle PLC |
36,706 | 137,056 | |||
| Thomas Cook Group PLC |
32,923 | 113,257 | |||
| Thomson Reuters PLC* |
17,037 | 380,952 | |||
| Tomkins PLC |
146,602 | 254,785 | |||
| TUI Travel PLC |
56,358 | 184,786 | |||
| Tullow Oil PLC |
16,369 | 188,404 | |||
| United Utilities Group PLC |
29,327 | 203,243 | |||
| Weir Group PLC (The) |
11,035 | 65,443 | |||
| Whitbread PLC |
18,695 | 211,156 | |||
| William Hill PLC |
39,613 | 96,667 | |||
| Total United Kingdom | 12,295,079 | ||||
| TOTAL COMMON STOCKS (Cost: $172,848,199) |
86,903,078 | ||||
| RIGHTS – 0.0% | |||||
| Finland – 0.0% | |||||
| Pohjola Bank PLC., expiring 4/24/09* |
21,005 | 28,446 | |||
| Spain – 0.0% | |||||
| Mapfre S.A., expiring 4/01/09* |
136,526 | 1,813 | |||
| TOTAL RIGHTS (Cost: $78,947) |
30,259 | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $172,927,146) |
86,933,337 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 77 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International MidCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| SHORT-TERM INVESTMENT – 0.5% | |||||
| MONEY MARKET FUND – 0.5% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $399,312) |
399,312 | $ | 399,312 | ||
| TOTAL INVESTMENTS IN SECURITIES – 98.9% (Cost: $173,326,458) |
87,332,649 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.1% |
1,000,941 | ||||
| NET ASSETS – 100.0% | $ | 88,333,590 | |||
| 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. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 78 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.2% | |||||
| Australia – 12.9% | |||||
| A.B.C Learning Centres Ltd.† |
2,121,507 | $ | 795,972 | ||
| ABB Grain Ltd. |
49,730 | 206,623 | |||
| Adelaide Brighton Ltd. |
499,464 | 678,439 | |||
| Aditya Birla Minerals Ltd. |
66,300 | 6,449 | |||
| Amalgamated Holdings Ltd. |
115,880 | 313,197 | |||
| Ansell Ltd. |
73,008 | 434,214 | |||
| APN News & Media Ltd. |
441,281 | 355,658 | |||
| Ausdrill Ltd. |
91,546 | 46,432 | |||
| Austal Ltd. |
148,273 | 179,255 | |||
| Austereo Group Ltd. |
553,435 | 444,128 | |||
| Australian Agricultural Co., Ltd. |
185,913 | 201,509 | |||
| Australian Wealth Management Ltd. |
707,153 | 456,937 | |||
| Automotive Holdings Group |
179,648 | 89,870 | |||
| AWB Ltd. |
265,769 | 227,127 | |||
| Bank of Queensland Ltd. |
115,924 | 679,791 | |||
| Boom Logistics Ltd. |
494,368 | 156,287 | |||
| Bradken Ltd. |
160,202 | 184,215 | |||
| Breville Group Ltd. |
145,403 | 62,131 | |||
| Brickworks Ltd. |
57,385 | 393,129 | |||
| Cabcharge Australia Ltd. |
136,372 | 572,298 | |||
| Campbell Brothers Ltd. |
20,758 | 196,148 | |||
| Centennial Coal Co., Ltd. |
134,483 | 187,812 | |||
| Challenger Financial Services Group Ltd. |
659,186 | 668,684 | |||
| Coffey International Ltd. |
166,160 | 193,953 | |||
| ConnectEast Group(a) |
1,767,522 | 497,370 | |||
| Corporate Express Australia Ltd. |
233,416 | 473,558 | |||
| Count Financial Ltd. |
175,213 | 125,999 | |||
| Crane Group Ltd. |
89,359 | 516,561 | |||
| David Jones Ltd. |
655,504 | 1,275,244 | |||
| Downer EDI Ltd. |
202,449 | 625,944 | |||
| DWS Advanced Business Solutions Ltd. |
233,216 | 81,829 | |||
| Emeco Holdings Ltd. |
418,950 | 117,890 | |||
| Energy Developments Ltd. |
112,033 | 98,857 | |||
| Envestra Ltd.(a) |
1,260,699 | 306,577 | |||
| FKP Property Group |
177,884 | 123,594 | |||
| Flight Centre Ltd. |
94,295 | 349,201 | |||
| Goodman Fielder Ltd. |
1,879,016 | 1,364,290 | |||
| GUD Holdings Ltd. |
91,712 | 398,897 | |||
| Gunns Ltd. |
487,473 | 304,827 | |||
| GWA International Ltd. |
459,048 | 765,472 | |||
| Hastie Group Ltd. |
85,453 | 80,747 | |||
| Hastings Diversified Utilities Fund(a) |
175,035 | 74,793 | |||
| Healthscope Ltd. |
121,389 | 345,798 | |||
| Hills Industries Ltd. |
335,615 | 359,105 | |||
| Independence Group NL |
56,154 | 101,441 | |||
| Infomedia Ltd. |
1,367,911 | 251,862 | |||
| IOOF Holdings Ltd. |
53,737 | 123,584 | |||
| Iress Market Technology Ltd. |
141,856 | 551,945 | |||
| JB Hi-Fi Ltd. |
37,990 | 304,076 | |||
| Kagara Ltd.* |
53,489 | 15,981 | |||
| Macmahon Holdings Ltd. |
287,662 | 87,942 | |||
| Minara Resources Ltd.* |
1,539,806 | 427,943 | |||
| Investments | Shares | U.S. $ Value | |||
| Mincor Resources NL |
253,639 | $ | 142,745 | ||
| Mitchell Communications Group Ltd. |
251,134 | 82,009 | |||
| Monadelphous Group Ltd. |
92,862 | 537,456 | |||
| Mortgage Choice Ltd. |
274,898 | 156,619 | |||
| Navitas Ltd. |
393,906 | 626,741 | |||
| Oakton Ltd. |
120,057 | 65,064 | |||
| Pacific Brands Ltd. |
729,031 | 124,100 | |||
| Panoramic Resources Ltd. |
124,883 | 95,446 | |||
| Peet Ltd. |
315,683 | 266,494 | |||
| Perpetual Ltd. |
57,650 | 1,079,088 | |||
| Photon Group Ltd. |
125,738 | 84,742 | |||
| Primary Health Care Ltd. |
395,135 | 1,249,156 | |||
| Ramsay Health Care Ltd. |
136,710 | 935,613 | |||
| Regional Express Holdings Ltd. |
132,544 | 78,278 | |||
| Reverse Corp., Ltd. |
258,022 | 132,663 | |||
| Ridley Corp., Ltd. |
516,568 | 244,060 | |||
| Salmat Ltd. |
183,881 | 482,935 | |||
| Seek Ltd. |
205,870 | 400,508 | |||
| Seven Network Ltd. |
186,104 | 761,607 | |||
| Sigma Pharmaceuticals Ltd. |
1,183,140 | 871,368 | |||
| Skilled Group Ltd. |
143,599 | 144,670 | |||
| SMS Management & Technology Ltd. |
62,557 | 102,142 | |||
| Spotless Group Ltd. |
310,485 | 402,327 | |||
| Straits Resources Ltd.* |
52,175 | 46,039 | |||
| STW Communications Group Ltd. |
493,834 | 168,127 | |||
| Sunland Group Ltd. |
283,971 | 118,382 | |||
| Ten Network Holdings Ltd. |
936,639 | 507,606 | |||
| Transfield Services Ltd. |
160,042 | 226,842 | |||
| Transpacific Industries Group Ltd.† |
74,078 | 92,645 | |||
| United Group Ltd. |
149,961 | 956,491 | |||
| Washington H. Soul Pattinson & Co., Ltd. |
177,242 | 1,231,477 | |||
| West Australian Newspapers Holdings Ltd. |
248,253 | 764,114 | |||
| Wotif.com Holdings Ltd. |
127,150 | 333,940 | |||
| Total Australia | 31,393,079 | ||||
| Austria – 0.2% | |||||
| A&T Austria Technologie & Systemtechnik AG* |
9,649 | 37,793 | |||
| Palfinger AG* |
14,729 | 164,072 | |||
| POLYTEC Holding AG* |
11,581 | 21,219 | |||
| Schoeller-Bleckmann Oilfield Equipment AG* |
5,218 | 150,267 | |||
| Zumtobel AG* |
16,955 | 122,686 | |||
| Total Austria | 496,037 | ||||
| Belgium – 1.0% | |||||
| Cofinimmo* |
8,465 | 901,928 | |||
| Euronav N.V.* |
26,646 | 391,987 | |||
| EVS Broadcast Equipment S.A.* |
6,067 | 198,962 | |||
| Melexis N.V.* |
29,102 | 135,236 | |||
| Omega Pharma S.A.* |
6,542 | 143,881 | |||
| Tessenderlo Chemie N.V.* |
18,118 | 550,866 | |||
| Total Belgium | 2,322,860 | ||||
| Denmark – 0.3% | |||||
| Auriga Industries Class B* |
10,144 | 175,400 | |||
| Bang & Olufsen A/S Class B* |
17,238 | 218,169 | |||
| Dalhoff Larsen & Horneman A/S Class B* |
20,311 | 49,964 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 79 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| IC Companys A/S* |
6,476 | $ | 75,036 | ||
| Rockwool International A/S Class B* |
3,104 | 188,680 | |||
| Total Denmark | 707,249 | ||||
| Finland – 3.2% | |||||
| Ahlstrom Oyj* |
42,678 | 351,881 | |||
| Alma Media Corp. |
89,769 | 623,345 | |||
| Amer Sports Oyj Class A* |
43,466 | 287,972 | |||
| Citycon Oyj* |
81,439 | 157,865 | |||
| Fiskars Oyj Abp Class A* |
46,340 | 409,145 | |||
| HKScan Oyj* |
21,776 | 107,264 | |||
| Huhtamaki Oyj* |
95,124 | 646,636 | |||
| Kemira Oyj* |
85,002 | 545,100 | |||
| Lassila & Tikanoja Oyj* |
17,400 | 217,621 | |||
| Orion Oyj Class B* |
102,294 | 1,480,392 | |||
| PKC Group Oyj* |
23,608 | 84,630 | |||
| Poyry Oyj* |
43,592 | 564,881 | |||
| Stockmann Oyj Abp Class B* |
18,743 | 258,307 | |||
| Talentum Oyj* |
179,617 | 393,488 | |||
| Technopolis PLC* |
58,274 | 181,820 | |||
| Tietoenator Oyj* |
39,536 | 409,962 | |||
| Uponor Oyj* |
120,948 | 1,128,896 | |||
| Total Finland | 7,849,205 | ||||
| France – 2.7% | |||||
| ABC Arbitrage* |
57,471 | 466,219 | |||
| April Group* |
7,642 | 208,608 | |||
| Assystem* |
19,658 | 138,330 | |||
| Canal Plus* |
141,514 | 883,074 | |||
| Carbone Lorraine* |
6,358 | 146,714 | |||
| Derichebourg* |
30,757 | 67,379 | |||
| Fimalac* |
16,666 | 566,573 | |||
| GFI Informatique* |
67,916 | 204,691 | |||
| Groupe Steria SCA* |
14,768 | 208,526 | |||
| Haulotte Group* |
24,479 | 102,702 | |||
| Havas S.A.* |
169,877 | 437,559 | |||
| IMS-Intl Metal Service* |
16,094 | 221,159 | |||
| LaCie S.A.* |
34,727 | 87,142 | |||
| Manitou BF S.A.* |
37,588 | 242,042 | |||
| Nexity |
94,856 | 2,027,640 | |||
| NRJ Group* |
57,660 | 338,374 | |||
| Seche Environnement S.A.* |
2,536 | 148,150 | |||
| Trigano S.A.* |
18,204 | 128,581 | |||
| Total France | 6,623,463 | ||||
| Germany – 3.6% | |||||
| Bauer AG* |
3,134 | 91,625 | |||
| Beate Uhse AG* |
104,133 | 82,954 | |||
| Bechtle AG* |
11,956 | 190,488 | |||
| Cenit AG* |
34,408 | 122,432 | |||
| Comdirect Bank AG* |
115,745 | 845,211 | |||
| CTS Eventim AG* |
5,076 | 147,593 | |||
| DAB Bank AG* |
63,298 | 180,688 | |||
| Demag Cranes AG* |
8,471 | 147,335 | |||
| Deutz AG* |
43,186 | 131,877 | |||
| Douglas Holding AG* |
18,331 | 725,031 | |||
| Investments | Shares | U.S. $ Value | |||
| Elexis AG* |
8,921 | $ | 85,280 | ||
| Epcos AG* |
21,997 | 554,027 | |||
| Freenet AG* |
54,388 | 338,669 | |||
| Gerry Weber International AG* |
15,518 | 317,290 | |||
| Gildemeister AG* |
9,849 | 76,367 | |||
| H&R WASAG AG* |
17,532 | 183,425 | |||
| HCI Capital AG* |
43,968 | 82,894 | |||
| Heidelberger Druckmaschinen AG* |
69,478 | 335,775 | |||
| IDS Scheer AG* |
16,611 | 153,499 | |||
| Indus Holding AG* |
13,001 | 150,347 | |||
| Kontron AG* |
11,812 | 113,857 | |||
| Leoni AG* |
9,777 | 88,789 | |||
| MLP AG* |
61,593 | 646,039 | |||
| MPC Muenchmeyer Petersen Capital AG* |
21,248 | 132,874 | |||
| MTU Aero Engines Holding AG* |
25,911 | 606,852 | |||
| Norddeutsche Affinerie AG* |
27,253 | 691,473 | |||
| Pfeiffer Vacuum Technology AG* |
4,837 | 285,783 | |||
| Praktiker Bau- und Heimwerkermaerkte AG* |
26,103 | 137,242 | |||
| Sixt AG* |
6,562 | 88,518 | |||
| Software AG* |
9,974 | 710,459 | |||
| Takkt AG* |
29,015 | 250,401 | |||
| Vivacon AG* |
24,454 | 68,182 | |||
| Total Germany | 8,763,276 | ||||
| Hong Kong – 2.1% | |||||
| Allied Properties HK Ltd. |
1,198,000 | 94,294 | |||
| China Power International Development Ltd.* |
2,333,622 | 463,713 | |||
| China Travel International Investment Hong Kong Ltd. |
1,218,000 | 215,311 | |||
| Chong Hing Bank Ltd. |
244,110 | 274,033 | |||
| Fubon Bank Hong Kong Ltd. |
496,432 | 128,752 | |||
| Guangzhou Investment Co., Ltd. |
3,158,585 | 326,048 | |||
| Henderson Investment Ltd. |
9,873,000 | 592,380 | |||
| Hung Hing Printing Group Ltd. |
554,000 | 63,621 | |||
| Oriental Press Group |
4,343,017 | 392,273 | |||
| Shell Electric Manufacturing Holdings Co., Ltd. |
329,000 | 89,148 | |||
| Shenzhen Investment Ltd. |
3,766,000 | 937,855 | |||
| Singamas Container Holdings Ltd. |
596,000 | 35,760 | |||
| Sun Hung Kai & Co., Ltd. |
1,361,189 | 776,317 | |||
| Techtronic Industries Co. |
353,000 | 163,974 | |||
| Tian An China Investment* |
277,000 | 73,986 | |||
| Tianjin Development Holdings Ltd. |
348,074 | 128,900 | |||
| Vitasoy International Holdings Ltd. |
838,364 | 359,144 | |||
| Total Hong Kong | 5,115,509 | ||||
| Ireland – 0.6% | |||||
| DCC PLC |
27,205 | 411,769 | |||
| FBD Holdings PLC |
4,879 | 38,932 | |||
| FBD Holdings PLC Redemption Shares*† |
14,316 | 190 | |||
| Fyffes PLC |
398,879 | 108,566 | |||
| Glanbia PLC |
81,860 | 224,979 | |||
| Greencore Group PLC |
124,910 | 117,748 | |||
| Paddy Power PLC |
26,266 | 423,363 | |||
| United Drug PLC |
54,296 | 107,629 | |||
| Total Ireland | 1,433,176 | ||||
See Notes to Financial Statements.
| 80 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Italy – 4.8% | |||||
| AcegasAps SpA* |
58,566 | $ | 334,749 | ||
| Ascopiave SpA* |
208,862 | 420,396 | |||
| Astaldi SpA* |
72,309 | 297,615 | |||
| Autostrada Torino-Milano SpA* |
52,488 | 299,660 | |||
| Azimut Holding SpA* |
43,763 | 233,724 | |||
| Banca Generali SpA* |
49,080 | 152,320 | |||
| Banca Intermobiliare SpA* |
134,292 | 436,834 | |||
| Banca Popolare dell’Etruria e del Lazio* |
32,431 | 150,705 | |||
| Banco di Desio e della Brianza SpA* |
54,882 | 320,432 | |||
| Biesse SpA* |
21,435 | 105,299 | |||
| Brembo SpA* |
39,799 | 156,410 | |||
| Buzzi Unicem SpA RSP* |
21,071 | 128,410 | |||
| Cairo Communication SpA* |
187,393 | 480,187 | |||
| Cementir Holding SpA* |
66,287 | 183,939 | |||
| CIR-Compagnie Industriali Riunite SpA* |
219,474 | 226,997 | |||
| Cofide SpA* |
331,857 | 153,331 | |||
| Credito Artigiano SpA* |
311,691 | 834,907 | |||
| De’Longhi SpA* |
41,725 | 77,558 | |||
| Esprinet SpA* |
30,337 | 182,260 | |||
| Fiat SpA RSP* |
62,800 | 307,045 | |||
| Fondiaria-Sai SpA RSP* |
47,137 | 447,474 | |||
| Gemina SpA* |
1,203,095 | 467,225 | |||
| Gewiss SpA* |
55,319 | 183,618 | |||
| Gruppo MutuiOnline SpA* |
42,911 | 192,141 | |||
| Industria Macchine Automatiche SpA* |
24,407 | 392,427 | |||
| Italcementi SpA RSP* |
52,377 | 276,078 | |||
| Italmobiliare SpA RSP* |
10,418 | 196,967 | |||
| Landi Renzo SpA* |
20,486 | 60,926 | |||
| MARR SpA* |
49,391 | 334,112 | |||
| Milano Assicurazioni SpA RSP* |
46,922 | 120,859 | |||
| Nice SpA* |
15,911 | 45,208 | |||
| Panariagroup Industrie Ceramiche SpA* |
61,358 | 100,202 | |||
| Permasteelisa SpA* |
8,752 | 98,538 | |||
| Piaggio & C. SpA* |
250,285 | 317,017 | |||
| Piccolo Credito Valtellinese S.c.r.l.* |
104,077 | 842,917 | |||
| Pirelli & C. SpA RSP* |
390,534 | 102,406 | |||
| Premafin Finanziaria SpA* |
169,941 | 225,631 | |||
| Premuda SpA* |
126,708 | 151,407 | |||
| Recordati SpA* |
147,169 | 801,125 | |||
| SAES Getters SpA* |
7,891 | 70,247 | |||
| Safilo Group SpA* |
268,294 | 140,526 | |||
| Sogefi SpA* |
102,624 | 99,874 | |||
| Tod’s SpA* |
13,803 | 587,723 | |||
| Total Italy | 11,737,426 | ||||
| Japan – 33.4% | |||||
| ABC-Mart, Inc. |
25,100 | 480,806 | |||
| ADEKA Corp. |
42,000 | 259,390 | |||
| Aderans Co., Ltd. |
18,700 | 134,423 | |||
| Advan Co., Ltd.* |
61,300 | 283,009 | |||
| Aeon Fantasy Co., Ltd.* |
18,300 | 125,434 | |||
| Aichi Corp. |
47,300 | 192,514 | |||
| Aichi Steel Corp. |
84,000 | 224,522 | |||
| Air Water, Inc. |
88,000 | 768,006 | |||
| Investments | Shares | U.S. $ Value | |||
| Alpen Co., Ltd. |
21,400 | $ | 357,497 | ||
| Amano Corp. |
32,900 | 261,481 | |||
| Anest Iwata Corp. |
65,000 | 172,421 | |||
| AOC Holdings, Inc.* |
30,000 | 163,106 | |||
| Asatsu-DK, Inc. |
22,600 | 376,629 | |||
| Awa Bank Ltd. (The) |
27,000 | 164,017 | |||
| Bando Chemical Industries Ltd. |
45,000 | 101,144 | |||
| Bank of Nagoya Ltd. (The) |
60,000 | 250,278 | |||
| Belluna Co., Ltd. |
21,200 | 54,519 | |||
| Best Denki Co., Ltd.* |
48,000 | 137,532 | |||
| Canon Electronics, Inc. |
16,100 | 191,368 | |||
| Capcom Co., Ltd. |
11,600 | 205,058 | |||
| Central Glass Co., Ltd. |
96,000 | 284,783 | |||
| Century Tokyo Leasing Corp. |
27,710 | 163,561 | |||
| Chiyoda Integre Co., Ltd.* |
12,400 | 131,821 | |||
| Chuetsu Pulp & Paper Co., Ltd. |
288,000 | 723,135 | |||
| Chugoku Marine Paints Ltd. |
30,000 | 179,812 | |||
| Chukyo Bank Ltd. (The) |
161,000 | 524,876 | |||
| Circle K Sunkus Co., Ltd. |
31,600 | 448,549 | |||
| CKD Corp. |
33,100 | 107,239 | |||
| COMSYS Holdings Corp. |
84,000 | 700,780 | |||
| Cosel Co., Ltd. |
21,500 | 165,870 | |||
| Daidoh Ltd.* |
48,400 | 253,344 | |||
| Daifuku Co., Ltd. |
80,500 | 430,333 | |||
| Daihen Corp. |
124,000 | 302,562 | |||
| Daikoku Denki Co., Ltd. |
34,200 | 427,630 | |||
| Daio Paper Corp. |
64,000 | 564,382 | |||
| Daishi Bank Ltd. (The) |
84,000 | 329,128 | |||
| Denki Kagaku Kogyo K.K. |
166,000 | 297,479 | |||
| Denki Kogyo Co., Ltd. |
76,000 | 417,819 | |||
| Disco Corp. |
8,400 | 207,087 | |||
| DOWA Holding Co., Ltd.* |
92,000 | 341,845 | |||
| DTS Corp. |
15,200 | 98,338 | |||
| Ehime Bank Ltd. (The) |
89,000 | 236,084 | |||
| Eighteenth Bank Ltd. (The) |
90,000 | 307,077 | |||
| Exedy Corp. |
16,800 | 211,425 | |||
| Ezaki Glico Co., Ltd. |
61,000 | 607,097 | |||
| FCC Co., Ltd. |
19,100 | 195,699 | |||
| Fuji Electronics Co., Ltd.* |
28,500 | 216,989 | |||
| Furukawa Co., Ltd. |
253,000 | 210,044 | |||
| Furukawa-Sky Aluminum Corp. |
122,000 | 187,749 | |||
| Futaba Industrial Co., Ltd. |
25,200 | 72,204 | |||
| Godo Steel Ltd.* |
90,000 | 219,601 | |||
| Gulliver International Co., Ltd. |
8,450 | 126,960 | |||
| Gun-Ei Chemical Industry Co., Ltd. |
204,000 | 431,670 | |||
| Gunze Ltd.* |
88,000 | 251,250 | |||
| H2O Retailing Corp. |
84,000 | 479,660 | |||
| Hanwa Co., Ltd. |
77,000 | 194,118 | |||
| Heiwa Corp. |
93,600 | 823,513 | |||
| Higo Bank Ltd. (The) |
81,000 | 466,630 | |||
| Hikari Tsushin, Inc.* |
19,700 | 367,991 | |||
| Hitachi Cable Ltd. |
84,000 | 161,588 | |||
| Hitachi Koki Co., Ltd. |
53,000 | 434,646 | |||
| Hitachi Kokusai Electric, Inc. |
42,000 | 218,143 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 81 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Hitachi Maxell Ltd. |
42,000 | $ | 301,488 | ||
| Hitachi Software Engineering Co., Ltd. |
31,000 | 379,771 | |||
| Hitachi Transport System Ltd. |
50,400 | 482,721 | |||
| Hokkoku Bank Ltd. (The) |
84,000 | 298,512 | |||
| Hokuetsu Paper Mills Ltd. |
127,500 | 542,169 | |||
| Honeys Co., Ltd.* |
26,720 | 147,708 | |||
| Horiba Ltd. |
16,800 | 286,095 | |||
| House Foods Corp. |
35,200 | 487,533 | |||
| Hyakugo Bank Ltd. (The) |
84,000 | 428,632 | |||
| Hyakujushi Bank Ltd. (The) |
66,000 | 309,385 | |||
| Idec Corp. |
37,300 | 198,641 | |||
| Iida Home Max |
43,200 | 136,025 | |||
| Iino Kaiun Kaisha Ltd. |
43,200 | 190,698 | |||
| Inaba Denki Sangyo Co., Ltd.* |
12,200 | 270,507 | |||
| Ito En Ltd. |
33,100 | 403,822 | |||
| Itochu Enex Co., Ltd. |
35,400 | 185,656 | |||
| Izumiya Co., Ltd. |
77,000 | 349,256 | |||
| Japan Airport Terminal Co., Ltd. |
26,800 | 282,191 | |||
| Kagome Co., Ltd.* |
41,400 | 597,716 | |||
| Kagoshima Bank Ltd. (The) |
18,000 | 125,018 | |||
| Kanamoto Co., Ltd. |
45,000 | 151,716 | |||
| Kandenko Co., Ltd. |
84,000 | 558,753 | |||
| Kansai Paint Co., Ltd. |
113,000 | 625,807 | |||
| Kanto Natural Gas Development Ltd. |
76,000 | 407,816 | |||
| Kasumi Co., Ltd. |
58,000 | 219,034 | |||
| Kato Sangyo Co., Ltd. |
43,200 | 628,515 | |||
| Kato Works Co., Ltd. |
44,000 | 82,414 | |||
| Kayaba Industry Co., Ltd. |
94,000 | 118,963 | |||
| Keihin Corp. |
25,200 | 267,640 | |||
| Keisei Electric Railway Co., Ltd. |
84,000 | 419,277 | |||
| Keiyo Bank Ltd. (The) |
55,000 | 221,626 | |||
| Kintetsu World Express, Inc. |
14,100 | 259,245 | |||
| Kisoji Co., Ltd. |
20,900 | 401,834 | |||
| Kitz Corp. |
44,000 | 133,198 | |||
| Kiyo Holdings, Inc. |
180,000 | 224,157 | |||
| Kobayashi Pharmaceutical Co., Ltd. |
16,800 | 552,799 | |||
| Koei Co., Ltd. |
66,900 | 535,092 | |||
| Koito Manufacturing Co., Ltd. |
74,000 | 525,949 | |||
| Kojima Co., Ltd. |
62,500 | 182,874 | |||
| Kokuyo Co., Ltd. |
52,900 | 385,623 | |||
| Komeri Co., Ltd. |
16,800 | 321,644 | |||
| Komori Corp. |
14,800 | 120,624 | |||
| Konaka Co., Ltd.* |
47,200 | 111,346 | |||
| K’s Holdings Corp.* |
16,800 | 224,692 | |||
| Kyodo Printing Co., Ltd. |
153,000 | 326,850 | |||
| Kyowa Exeo Corp. |
79,000 | 639,870 | |||
| Lion Corp. |
236,000 | 1,096,730 | |||
| Maeda Corp.* |
118,000 | 408,586 | |||
| Maruzen Showa Unyu Co., Ltd. |
159,000 | 433,036 | |||
| Matsui Securities Co., Ltd.* |
143,900 | 935,343 | |||
| Matsumotokiyoshi Holdings Co., Ltd. |
24,305 | 390,278 | |||
| Meiji Dairies Corp. |
84,000 | 348,689 | |||
| Meiji Seika Kaisha Ltd. |
84,000 | 294,259 | |||
| Meitec Corp. |
16,800 | 206,832 | |||
| Investments | Shares | U.S. $ Value | |||
| Michinoku Bank Ltd. (The)* |
141,000 | $ | 356,890 | ||
| Mie Bank Ltd. (The) |
65,000 | 202,035 | |||
| Miraca Holdings, Inc. |
16,200 | 326,067 | |||
| MISUMI Group, Inc. |
33,600 | 403,799 | |||
| Mitsubishi Rayon Co., Ltd. |
237,000 | 453,508 | |||
| Mitsuuroko Co., Ltd.* |
80,000 | 453,579 | |||
| Miura Co., Ltd. |
16,900 | 378,141 | |||
| Miyazaki Bank Ltd. (The) |
93,000 | 377,574 | |||
| Mochida Pharmaceutical Co., Ltd. |
54,000 | 532,510 | |||
| Morinaga Milk Industry Co., Ltd.* |
156,000 | 465,931 | |||
| Musashino Bank Ltd. (The) |
8,400 | 258,540 | |||
| Nabtesco Corp. |
57,000 | 392,427 | |||
| Nachi-Fujikoshi Corp.* |
84,000 | 128,420 | |||
| Nagase & Co., Ltd.* |
84,000 | 647,201 | |||
| NEC Fielding Ltd. |
41,000 | 410,125 | |||
| Nichirei Corp. |
84,000 | 296,811 | |||
| Nidec Sankyo Corp. |
39,000 | 157,548 | |||
| Nifco, Inc. |
24,100 | 260,349 | |||
| Nihon Dempa Kogyo Co., Ltd. |
10,300 | 153,504 | |||
| Nihon Kohden Corp. |
12,600 | 154,231 | |||
| Nihon Yamamura Glass Co., Ltd. |
199,000 | 413,030 | |||
| Nippon Chemical Industrial Co., Ltd. |
190,000 | 303,938 | |||
| Nippon Kayaku Co., Ltd. |
131,000 | 656,525 | |||
| Nippon Metal Industry Co., Ltd. |
85,000 | 98,107 | |||
| Nippon Paint Co., Ltd. |
84,000 | 326,577 | |||
| Nippon Shinyaku Co., Ltd. |
37,000 | 326,283 | |||
| Nippon Suisan Kaisha Ltd. |
100,800 | 262,282 | |||
| Nippon Thompson Co., Ltd. |
30,000 | 100,840 | |||
| Nippon Yakin Kogyo Co., Ltd. |
18,000 | 39,000 | |||
| Nipro Corp. |
28,000 | 434,869 | |||
| Nishimatsuya Chain Co., Ltd. |
33,600 | 238,129 | |||
| Nishi-Nippon Railroad Co., Ltd. |
168,000 | 636,145 | |||
| Nissan Shatai Co., Ltd. |
74,000 | 425,554 | |||
| Nissha Printing Co., Ltd. |
12,100 | 383,446 | |||
| Nissin Kogyo Co., Ltd. |
24,700 | 210,564 | |||
| Nitto Boseki Co., Ltd.* |
112,000 | 196,173 | |||
| NS Solutions Corp. |
17,000 | 190,878 | |||
| Obic Co., Ltd. |
2,520 | 313,820 | |||
| Ogaki Kyoritsu Bank Ltd. (The) |
67,000 | 306,611 | |||
| Oita Bank Ltd. (The) |
53,000 | 292,984 | |||
| Okamura Corp. |
78,000 | 354,581 | |||
| Okasan Securities Group, Inc.* |
156,000 | 554,379 | |||
| Okinawa Electric Power Co., Inc. (The) |
7,200 | 381,978 | |||
| OKUMA Corp. |
66,000 | 243,900 | |||
| Okumura Corp. |
84,000 | 295,960 | |||
| Onward Holdings Co., Ltd.* |
81,000 | 526,496 | |||
| Organo Corp. |
16,000 | 87,314 | |||
| OSAKA Titanium Technologies Co. |
5,700 | 147,160 | |||
| Osaki Electric Co., Ltd. |
31,000 | 225,980 | |||
| OSG Corp. |
33,600 | 203,770 | |||
| Pacific Metals Co., Ltd. |
111,000 | 483,244 | |||
| PanaHome Corp. |
84,000 | 505,174 | |||
| Paramount Bed Co., Ltd. |
13,800 | 181,914 | |||
| Paris Miki Holdings, Inc. |
25,200 | 219,419 | |||
See Notes to Financial Statements.
| 82 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Park24 Co., Ltd.* |
81,100 | $ | 547,673 | ||
| Point, Inc. |
11,530 | 521,809 | |||
| QP Corp. |
58,800 | 631,637 | |||
| Rengo Co., Ltd. |
105,000 | 533,664 | |||
| Resorttrust, Inc. |
31,100 | 285,905 | |||
| Riken Corp. |
114,000 | 246,998 | |||
| Roland DG Corp. |
5,400 | 65,498 | |||
| Royal Holdings Co., Ltd.* |
25,700 | 275,032 | |||
| Ryoden Trading Co., Ltd. |
74,000 | 316,918 | |||
| Ryosan Co., Ltd. |
27,600 | 572,846 | |||
| Ryoyo Electro Corp. |
42,300 | 349,038 | |||
| Sagami Railway Co., Ltd. |
168,000 | 675,266 | |||
| Saibu Gas Co., Ltd. |
208,000 | 545,429 | |||
| Sakata INX Corp. |
95,000 | 260,656 | |||
| Sanei-International Co., Ltd.* |
20,800 | 137,515 | |||
| San-In Godo Bank Ltd. (The) |
51,000 | 390,878 | |||
| Sanken Electric Co., Ltd. |
30,000 | 76,845 | |||
| Sankyo Seiko Co., Ltd.* |
116,200 | 214,118 | |||
| Sankyu, Inc.* |
84,000 | 221,120 | |||
| Sanwa Holdings Corp. |
111,000 | 310,175 | |||
| Sanyo Chemical Industries Ltd. |
57,000 | 266,042 | |||
| Sanyo Denki Co., Ltd. |
44,000 | 85,532 | |||
| Sanyo Shokai Ltd.* |
123,000 | 389,784 | |||
| Sanyo Special Steel Co., Ltd. |
100,000 | 235,902 | |||
| Sasebo Heavy Industries Co., Ltd.* |
62,000 | 113,617 | |||
| Satori Electric Co., Ltd. |
20,000 | 77,351 | |||
| Seikagaku Corp. |
47,600 | 467,952 | |||
| Seiko Holdings Corp. |
88,000 | 170,173 | |||
| Sekisui Plastics Co., Ltd. |
160,000 | 469,778 | |||
| Senshukai Co., Ltd. |
17,500 | 123,317 | |||
| Shiga Bank Ltd. (The) |
64,000 | 347,312 | |||
| Shimachu Co., Ltd. |
16,800 | 281,843 | |||
| Shinko Electric Industries Co., Ltd. |
23,900 | 226,974 | |||
| Shinko Shoji Co., Ltd. |
23,000 | 150,663 | |||
| Showa Corp. |
47,200 | 166,779 | |||
| Sohgo Security Services Co., Ltd. |
25,200 | 215,592 | |||
| SSP Co., Ltd.* |
117,000 | 610,054 | |||
| Star Micronics Co., Ltd. |
21,000 | 192,629 | |||
| Starzen Co., Ltd.* |
226,000 | 528,561 | |||
| Sumida Corp. |
32,700 | 146,003 | |||
| Sumitomo Osaka Cement Co., Ltd. |
241,000 | 553,883 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
10,240 | 293,919 | |||
| Sumitomo Rubber Industries, Inc. |
80,700 | 535,985 | |||
| Sumitomo Warehouse Co., Ltd. (The) |
84,000 | 324,876 | |||
| Sundrug Co., Ltd. |
16,900 | 256,999 | |||
| Sysmex Corp. |
16,800 | 534,089 | |||
| Tadano Ltd. |
79,000 | 327,134 | |||
| Taihei Kogyo Co., Ltd.* |
60,000 | 133,036 | |||
| Taiyo Yuden Co., Ltd. |
14,000 | 105,457 | |||
| Takara Holdings, Inc.* |
84,000 | 418,427 | |||
| Takata Corp. |
20,000 | 162,802 | |||
| Tamron Co., Ltd. |
11,700 | 120,708 | |||
| Toa Corp./Hyogo |
72,000 | 338,240 | |||
| Tocalo Co., Ltd. |
18,200 | 165,103 | |||
| Investments | Shares | U.S. $ Value | |||
| Toda Corp.* |
165,000 | $ | 506,176 | ||
| Toho Holdings Co., Ltd. |
31,600 | 302,979 | |||
| Toho Titanium Co., Ltd. |
10,800 | 131,542 | |||
| Toho Zinc Co., Ltd.* |
53,000 | 133,613 | |||
| Tokai Rika Co., Ltd. |
27,000 | 266,802 | |||
| Tokai Rubber Industries, Inc. |
33,600 | 261,602 | |||
| Tokai Tokyo Financial Holdings |
205,000 | 365,293 | |||
| Token Corp. |
8,980 | 214,567 | |||
| Tokuyama Corp. |
41,000 | 259,441 | |||
| Tokyo Steel Manufacturing Co., Ltd. |
39,500 | 393,120 | |||
| Tokyo Style Co., Ltd.* |
72,000 | 490,594 | |||
| Tokyo Tomin Bank Ltd. (The) |
13,400 | 206,216 | |||
| Tokyu Livable, Inc.* |
37,800 | 161,885 | |||
| Topcon Corp. |
18,800 | 72,710 | |||
| Toppan Forms Co., Ltd. |
41,100 | 459,395 | |||
| Toshiba Machine Co., Ltd. |
84,000 | 246,634 | |||
| Toshiba TEC Corp. |
84,000 | 213,466 | |||
| Toyo Corp./Chuo-Ku |
36,300 | 307,247 | |||
| Toyo Ink Manufacturing Co., Ltd. |
133,000 | 267,966 | |||
| Toyobo Co., Ltd.* |
247,000 | 317,596 | |||
| Tsubakimoto Chain Co. |
84,000 | 187,101 | |||
| Ulvac, Inc.* |
7,600 | 137,888 | |||
| Union Tool Co. |
8,400 | 176,471 | |||
| United Arrows Ltd. |
46,400 | 243,815 | |||
| Valor Co., Ltd. |
25,700 | 184,742 | |||
| Xebio Co., Ltd. |
16,800 | 244,082 | |||
| Yamatake Corp. |
25,200 | 430,928 | |||
| Yamazen Corp. |
76,400 | 235,148 | |||
| Yokohama Reito Co., Ltd. |
75,000 | 439,658 | |||
| Yokohama Rubber Co., Ltd. (The) |
161,000 | 666,690 | |||
| Yurtec Corp. |
101,000 | 539,921 | |||
| Zensho Co., Ltd. |
40,400 | 192,654 | |||
| Zeon Corp. |
76,000 | 203,908 | |||
| ZERIA Pharmaceutical Co., Ltd. |
49,000 | 535,790 | |||
| Total Japan | 81,677,710 | ||||
| Netherlands – 2.2% | |||||
| Aalberts Industries N.V.* |
26,106 | 140,723 | |||
| Arcadis N.V.* |
27,685 | 333,904 | |||
| ASM International N.V.* |
538 | 4,464 | |||
| Ballast Nedam N.V. CVA* |
10,354 | 199,263 | |||
| Beter BED Holding N.V.* |
31,704 | 317,511 | |||
| Brunel International* |
16,265 | 205,153 | |||
| Exact Holding N.V.* |
26,942 | 539,783 | |||
| Grontmij CVA* |
13,029 | 266,917 | |||
| Heijmans N.V. CVA* |
37,788 | 217,241 | |||
| Kardan N.V.* |
33,956 | 85,253 | |||
| Macintosh Retail Group N.V.* |
17,438 | 164,614 | |||
| OPG Groep N.V. CVA* |
27,496 | 251,529 | |||
| Plaza Centers N.V.* |
372,665 | 309,813 | |||
| Sligro Food Group N.V.* |
12,246 | 277,785 | |||
| Smit Internationale N.V.* |
11,327 | 646,220 | |||
| Telegraaf Media Groep N.V.* |
25,790 | 346,009 | |||
| Ten Cate N.V.* |
10,873 | 187,669 | |||
| TKH Group N.V. * |
15,173 | 153,305 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 83 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| USG People N.V.* |
50,644 | $ | 406,668 | ||
| Wavin N.V. |
91,331 | 299,513 | |||
| Total Netherlands | 5,353,337 | ||||
| New Zealand – 4.3% | |||||
| Air New Zealand Ltd. |
1,444,898 | 742,208 | |||
| Auckland International Airport Ltd. |
1,162,433 | 1,134,514 | |||
| Fisher & Paykel Appliances Holdings Ltd. |
458,142 | 128,127 | |||
| Fisher & Paykel Healthcare Corp., Ltd. |
529,865 | 955,648 | |||
| Freightways Ltd. |
209,069 | 352,012 | |||
| Infratil Ltd. |
311,678 | 259,720 | |||
| Mainfreight Ltd. |
116,343 | 275,572 | |||
| New Zealand Refining Co., Ltd. (The) |
284,299 | 1,135,845 | |||
| PGG Wrightson Ltd. |
397,314 | 233,570 | |||
| Port of Tauranga Ltd. |
125,981 | 370,304 | |||
| Pumpkin Patch Ltd. |
179,536 | 105,544 | |||
| Sky City Entertainment Group Ltd. |
970,150 | 1,555,934 | |||
| TrustPower Ltd. |
195,962 | 788,509 | |||
| Vector Ltd.* |
1,349,771 | 1,756,470 | |||
| Warehouse Group Ltd. (The) |
391,500 | 799,946 | |||
| Total New Zealand | 10,593,923 | ||||
| Norway – 1.6% | |||||
| ABG Sundal Collier Holding ASA* |
1,037,222 | 663,616 | |||
| EDB Business Partner ASA* |
66,850 | 118,807 | |||
| Ekornes ASA* |
45,365 | 436,712 | |||
| Hafslund ASA Class B* |
27,707 | 223,639 | |||
| Scana Industrier* |
90,797 | 86,062 | |||
| Sparebank 1 SMN* |
102,748 | 369,778 | |||
| Sparebank 1 SR Bank* |
107,955 | 375,726 | |||
| Sparebanken 1 Nord-Norge* |
30,339 | 233,650 | |||
| Tandberg ASA* |
17,300 | 253,911 | |||
| Tomra Systems ASA* |
30,810 | 113,619 | |||
| Veidekke ASA* |
219,190 | 973,875 | |||
| Wilh Wilhelmsen ASA Class A* |
12,850 | 137,024 | |||
| Total Norway | 3,986,419 | ||||
| Portugal – 0.6% | |||||
| BANIF SGPS S.A.* |
237,008 | 324,116 | |||
| Finibanco Holding, SGPS, S.A.* |
40,994 | 96,881 | |||
| Mota Engil, SGPS, S.A.* |
91,146 | 304,957 | |||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
236,085 | 338,526 | |||
| Semapa-Sociedade de Investimento e Gestao* |
60,707 | 511,815 | |||
| Total Portugal | 1,576,295 | ||||
| Singapore – 3.6% | |||||
| China Aviation Oil Singapore Corp., Ltd.* |
432,000 | 188,975 | |||
| Chip Eng Seng Corp., Ltd.* |
765,000 | 85,548 | |||
| Creative Technology Ltd.* |
90,350 | 202,072 | |||
| Guocoland Ltd.* |
459,102 | 295,961 | |||
| Ho Bee Investment Ltd.* |
814,000 | 174,023 | |||
| Hong Leong Asia Ltd.* |
262,000 | 91,343 | |||
| Hotel Properties Ltd.* |
324,000 | 198,211 | |||
| Jaya Holdings Ltd.* |
1,336,000 | 246,073 | |||
| Keppel Telecommunications & Transportation Ltd.* |
194,538 | 98,536 | |||
| Investments | Shares | U.S. $ Value | |||
| Kim Eng Holdings Ltd.* |
535,000 | $ | 468,063 | ||
| KS Energy Services Ltd.* |
255,000 | 125,806 | |||
| Midas Holdings Ltd.* |
507,000 | 140,074 | |||
| MobileOne Ltd.* |
907,800 | 889,766 | |||
| Orchard Parade Holdings Ltd.* |
270,000 | 95,908 | |||
| Raffles Education Corp., Ltd. |
1,314,000 | 324,135 | |||
| Rotary Engineering Ltd.* |
475,000 | 98,425 | |||
| Singapore Airport Terminal Services Ltd.* |
1,040,000 | 827,786 | |||
| Singapore Post Ltd.* |
1,744,000 | 889,094 | |||
| SMRT Corp., Ltd.* |
1,218,000 | 1,225,852 | |||
| Straits Trading Co., Ltd.* |
105,739 | 215,623 | |||
| UOB-Kay Hian Holdings Ltd.* |
1,026,000 | 742,402 | |||
| Venture Corp., Ltd.* |
129,000 | 427,681 | |||
| WBL Corp., Ltd.* |
219,000 | 533,022 | |||
| Wing Tai Holdings Ltd.* |
460,000 | 211,814 | |||
| Total Singapore | 8,796,193 | ||||
| Spain – 1.1% | |||||
| Adolfo Dominguez S.A. |
10,324 | 75,663 | |||
| Cie Automotive S.A. |
37,182 | 108,113 | |||
| Duro Felguera S.A. |
43,553 | 263,105 | |||
| Grupo Empresarial Ence S.A. |
68,036 | 186,083 | |||
| La Seda de Barcelona S.A. Class B* |
158,804 | 61,145 | |||
| Realia Business S.A.* |
115,019 | 294,732 | |||
| Renta Corp. Real Estate S.A. |
45,908 | 108,495 | |||
| Tubacex S.A. |
25,295 | 53,063 | |||
| Tubos Reunidos S.A. |
65,777 | 151,958 | |||
| Uralita S.A.* |
186,743 | 1,053,740 | |||
| Vocento S.A.* |
92,952 | 364,066 | |||
| Total Spain | 2,720,163 | ||||
| Sweden – 4.3% | |||||
| AarhusKarlshamn AB |
28,985 | 357,610 | |||
| Acando AB* |
84,603 | 110,521 | |||
| AF AB Class B* |
6,600 | 85,621 | |||
| Axfood AB* |
44,761 | 817,548 | |||
| Axis Communications AB* |
11,950 | 68,225 | |||
| B&B Tools AB Class B* |
11,032 | 58,981 | |||
| BE Group AB |
43,212 | 105,583 | |||
| Bjoern Borg AB* |
25,906 | 151,037 | |||
| Cardo AB* |
19,805 | 332,986 | |||
| Castellum AB* |
86,393 | 483,833 | |||
| Clas Ohlson AB Class B* |
36,975 | 329,843 | |||
| Connecta AB |
20,415 | 113,591 | |||
| D. Carnegie AB*† |
147,996 | 318,644 | |||
| Fabege AB* |
170,892 | 599,454 | |||
| Hemtex AB* |
24,409 | 44,878 | |||
| Hoganas AB Class B* |
25,195 | 227,042 | |||
| Holmen AB Class B Series* |
61,536 | 1,017,871 | |||
| Indutrade AB* |
16,148 | 164,560 | |||
| Intrum Justitia AB* |
66,217 | 432,513 | |||
| Know IT AB* |
14,761 | 54,992 | |||
| Kungsleden AB* |
297,622 | 1,137,597 | |||
| Lindab International AB |
26,019 | 132,183 | |||
| Mekonomen AB* |
26,493 | 275,592 | |||
See Notes to Financial Statements.
| 84 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| NCC AB Class B* |
77,737 | $ | 554,774 | ||
| New Wave Group AB Class B* |
46,431 | 44,930 | |||
| Nibe Industrier AB Class B* |
67,193 | 414,506 | |||
| Niscayah Group AB |
105,166 | 125,299 | |||
| Nobia AB* |
138,700 | 318,762 | |||
| Nordnet AB Class B* |
68,961 | 93,424 | |||
| ORC Software AB* |
10,152 | 114,815 | |||
| Peab AB* |
131,104 | 407,554 | |||
| Rederi AB Transatlantic* |
24,016 | 70,300 | |||
| SkiStar AB* |
16,532 | 159,475 | |||
| Svenska Cellulosa AB Class A* |
57,747 | 433,069 | |||
| Wihlborgs Fastigheter AB* |
34,957 | 389,008 | |||
| Total Sweden | 10,546,621 | ||||
| Switzerland – 0.4% | |||||
| Galenica AG* |
1,381 | 399,282 | |||
| Huber & Suhner AG* |
6,585 | 167,948 | |||
| Kudelski S.A.* |
22,189 | 211,147 | |||
| Von Roll Holding AG* |
20,621 | 110,445 | |||
| Total Switzerland | 888,822 | ||||
| United Kingdom – 15.3% | |||||
| Aberdeen Asset Management PLC |
549,252 | 1,003,770 | |||
| Ashtead Group PLC |
170,482 | 96,522 | |||
| Atkins WS PLC |
54,676 | 387,539 | |||
| BBA Aviation PLC |
274,613 | 324,734 | |||
| Beazley Group PLC |
257,175 | 317,015 | |||
| Bellway PLC |
136,066 | 1,321,330 | |||
| Bloomsbury Publishing PLC |
128,433 | 208,021 | |||
| BlueBay Asset Management PLC |
25,361 | 45,257 | |||
| Bodycote PLC |
160,464 | 285,776 | |||
| Brewin Dolphin Holdings PLC |
136,456 | 230,795 | |||
| Brit Insurance Holdings PLC* |
385,791 | 998,118 | |||
| British Polythene Industries |
46,312 | 80,985 | |||
| Britvic PLC |
109,339 | 354,190 | |||
| Business Post Group PLC |
28,604 | 102,499 | |||
| Carpetright PLC |
92,092 | 545,491 | |||
| Centaur Media PLC |
203,251 | 67,734 | |||
| Chaucer Holdings PLC |
263,398 | 160,455 | |||
| Chesnara PLC |
170,957 | 325,905 | |||
| Cineworld Group PLC |
133,588 | 241,263 | |||
| Close Brothers Group PLC |
133,786 | 1,029,763 | |||
| Collins Stewart PLC |
369,073 | 359,728 | |||
| Computacenter PLC |
140,890 | 232,236 | |||
| Cranswick PLC |
39,748 | 330,442 | |||
| Croda International PLC |
79,955 | 607,399 | |||
| Dairy Crest Group PLC |
131,248 | 495,238 | |||
| Davis Service Group PLC |
158,110 | 593,196 | |||
| Debenhams PLC |
1,753,974 | 1,206,749 | |||
| Development Securities PLC |
12,376 | 42,751 | |||
| Devro PLC |
284,603 | 357,964 | |||
| DS Smith PLC |
429,190 | 307,590 | |||
| Electrocomponents PLC |
774,942 | 1,391,231 | |||
| Elementis PLC |
239,063 | 94,232 | |||
| Euromoney Institutional Investor PLC |
122,472 | 358,112 | |||
| Investments | Shares | U.S. $ Value | |||
| F&C Asset Management PLC |
394,007 | $ | 324,731 | ||
| Fiberweb PLC |
165,246 | 81,123 | |||
| Filtrona PLC |
238,496 | 441,839 | |||
| Findel PLC |
153,767 | 167,506 | |||
| Forth Ports PLC |
28,597 | 371,775 | |||
| Future PLC |
198,083 | 36,910 | |||
| Galliford Try PLC |
552,909 | 317,005 | |||
| Game Group PLC |
83,709 | 180,876 | |||
| Go-Ahead Group PLC |
30,038 | 473,605 | |||
| Greene King PLC |
95,491 | 669,989 | |||
| Greggs PLC |
11,706 | 578,869 | |||
| Halfords Group PLC |
165,070 | 691,473 | |||
| Halma PLC |
230,114 | 545,051 | |||
| Hargreaves Lansdown PLC |
85,956 | 253,494 | |||
| Headlam Group PLC |
88,721 | 292,487 | |||
| HMV Group PLC |
517,607 | 962,631 | |||
| Holidaybreak PLC |
41,854 | 119,983 | |||
| Interserve PLC |
82,519 | 219,998 | |||
| Jardine Lloyd Thompson Group PLC |
224,287 | 1,409,698 | |||
| Keller Group PLC |
24,647 | 173,724 | |||
| Kier Group PLC |
26,736 | 339,150 | |||
| Laird PLC |
72,537 | 101,892 | |||
| Lavendon Group PLC |
40,279 | 96,127 | |||
| Luminar Group Holdings PLC |
59,154 | 104,290 | |||
| Management Consulting Group PLC |
238,832 | 102,699 | |||
| Marshalls PLC |
147,996 | 210,009 | |||
| Marston’s PLC |
272,926 | 529,096 | |||
| McBride PLC |
165,097 | 273,321 | |||
| Melrose PLC |
199,245 | 242,750 | |||
| Michael Page International PLC |
139,464 | 367,318 | |||
| Misys PLC |
450,858 | 814,259 | |||
| Mitie Group PLC |
201,488 | 540,062 | |||
| Morgan Sindall PLC |
31,791 | 259,736 | |||
| N. Brown Group PLC |
302,273 | 821,034 | |||
| Northern Foods PLC |
451,264 | 329,878 | |||
| Northgate PLC |
71,856 | 67,204 | |||
| Paragon Group of Cos. PLC |
36,812 | 23,744 | |||
| Pendragon PLC |
1,953,926 | 200,247 | |||
| Premier Farnell PLC |
352,329 | 600,963 | |||
| Provident Financial PLC |
132,646 | 1,590,423 | |||
| PZ Cussons PLC |
254,345 | 569,634 | |||
| Renishaw PLC |
58,022 | 206,667 | |||
| Restaurant Group PLC |
245,049 | 474,176 | |||
| Rightmove PLC |
36,951 | 138,500 | |||
| Robert Walters PLC |
82,482 | 90,738 | |||
| ROK PLC |
157,598 | 112,947 | |||
| Rotork PLC |
37,514 | 458,127 | |||
| Safestore Holdings PLC |
72,370 | 55,496 | |||
| Savills PLC |
144,227 | 487,361 | |||
| Schroders PLC Non-Voting Shares |
22,308 | 219,030 | |||
| Senior PLC |
114,121 | 44,983 | |||
| Severfield-Rowen PLC |
96,967 | 206,397 | |||
| Shore Capital Group PLC* |
323,542 | 64,925 | |||
| Smiths News PLC |
166,660 | 197,078 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 85 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Spectris PLC |
62,803 | $ | 362,325 | ||
| Speedy Hire PLC |
24,576 | 44,385 | |||
| Spirax-Sarco Engineering PLC |
48,875 | 588,462 | |||
| Sports Direct International PLC |
200,880 | 168,440 | |||
| SSL International PLC |
74,361 | 478,568 | |||
| St. Ives Group PLC |
123,842 | 79,879 | |||
| Sthree PLC |
138,817 | 346,214 | |||
| Ultra Electronics Holdings PLC |
35,792 | 559,197 | |||
| UTV Media PLC |
74,323 | 64,451 | |||
| Victrex PLC |
60,836 | 442,973 | |||
| VT Group PLC |
87,733 | 594,808 | |||
| Total United Kingdom | 37,486,760 | ||||
| TOTAL COMMON STOCKS (Cost: $466,933,903) |
240,067,523 | ||||
| RIGHTS – 0.0% | |||||
| Hong Kong – 0.0% | |||||
| Singamas Container Holdings Ltd., expiring 4/22/09 (Cost: $35,926) |
1,192,000 | 17,688 | |||
| TOTAL LONG-TERM INVESTMENTS (Cost: $466,969,829) |
240,085,211 | ||||
| SHORT-TERM INVESTMENT – 0.3% | |||||
| MONEY MARKET FUND – 0.3% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $636,027) |
636,027 | 636,027 | |||
| TOTAL INVESTMENTS IN SECURITIES – 98.5% (Cost: $467,605,856) | 240,721,238 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 1.5% |
3,585,535 | ||||
| NET ASSETS – 100.0% | $ | 244,306,773 | |||
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. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 86 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Emerging Markets Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.9% | |||||
| Argentina – 0.1% | |||||
| BBVA Banco Frances S.A., ADR* |
52,384 | $ | 133,055 | ||
| Brazil – 7.7% | |||||
| AES Tiete S.A.* |
42,932 | 297,992 | |||
| BM&F BOVESPA S.A. |
470,202 | 1,439,863 | |||
| Cia de Concessoes Rodoviarias* |
88,398 | 812,851 | |||
| Cia Energetica de Minas Gerais* |
64,426 | 716,948 | |||
| CPFL Energia S.A.* |
256,298 | 3,506,738 | |||
| EDP-Energias do Brasil S.A.* |
35,000 | 369,725 | |||
| Empresa Brasileira de Aeronautica S.A.* |
204,000 | 684,947 | |||
| Equatorial Energia S.A.* |
48,900 | 246,385 | |||
| Eternit S.A.* |
24,200 | 61,597 | |||
| Grendene S.A.* |
48,198 | 251,222 | |||
| Natura Cosmeticos S.A.* |
124,300 | 1,227,208 | |||
| Telecomunicacoes de Sao Paulo S.A.* |
132,698 | 2,212,162 | |||
| Tractebel Energia S.A.* |
238,098 | 1,769,511 | |||
| Total Brazil | 13,597,149 | ||||
| Chile – 4.3% | |||||
| Banco de Chile* |
33,693,920 | 2,002,249 | |||
| Banco de Credito e Inversiones* |
24,536 | 446,726 | |||
| Banco Santander Chile* |
54,331,981 | 1,800,957 | |||
| Cia General de Electricidad* |
95,045 | 465,227 | |||
| CorpBanca S.A.* |
94,094,546 | 393,508 | |||
| Empresa Nacional de Telecomunicaciones S.A.* |
134,524 | 1,559,531 | |||
| Madeco S.A.* |
1,354,363 | 65,479 | |||
| Quinenco S.A.* |
320,991 | 523,730 | |||
| Sociedad Matriz Banco de Chile Class B* |
3,594,006 | 283,940 | |||
| Total Chile | 7,541,347 | ||||
| China – 1.2% | |||||
| Beijing Capital Land Ltd. Class H |
946,000 | 155,022 | |||
| Huaneng Power International, Inc. Class H*(a) |
877,992 | 582,307 | |||
| Jiangsu Expressway Co., Ltd. Class H* |
322,000 | 218,544 | |||
| Weiqiao Textile Co. Class H* |
360,500 | 106,987 | |||
| Zhejiang Expressway Co., Ltd. Class H |
1,448,000 | 1,055,639 | |||
| Total China | 2,118,499 | ||||
| Czech Republic – 2.6% | |||||
| Komercni Banka AS* |
9,407 | 934,211 | |||
| Telefonica O2 Czech Republic AS* |
182,034 | 3,595,314 | |||
| Total Czech Republic | 4,529,525 | ||||
| Hungary – 0.7% | |||||
| Magyar Telekom Telecommunications PLC* |
576,043 | 1,326,336 | |||
| Indonesia – 0.9% | |||||
| International Nickel Indonesia TBK PT* |
8,752,460 | 1,685,350 | |||
| Israel – 2.2% | |||||
| Bezeq Israeli Telecommunication Corp., Ltd.* |
618,976 | 968,067 | |||
| Blue Square-Israel Ltd.* |
30,692 | 181,025 | |||
| Clal Industries and Investments* |
80,408 | 181,013 | |||
| Clal Insurance Enterprise Holdings, Ltd.* |
41,810 | 285,933 | |||
| Delek Automotive Systems Ltd.* |
53,603 | 336,479 | |||
| Investments | Shares | U.S. $ Value | |||
| Harel Insurance Investments & Financial Services Ltd.* |
6,086 | $ | 142,920 | ||
| Industrial Buildings Corp.* |
101,111 | 119,800 | |||
| Ituran Location and Control Ltd.* |
11,989 | 88,724 | |||
| Koor Industries Ltd.* |
11,734 | 180,320 | |||
| Menorah Mivtachim Holdings Ltd.* |
14,814 | 81,091 | |||
| Partner Communications Co. |
66,274 | 987,357 | |||
| Shufersal Ltd.* |
118,041 | 329,228 | |||
| Total Israel | 3,881,957 | ||||
| Malaysia – 10.1% | |||||
| Batu Kawan Bhd* |
121,700 | 267,069 | |||
| Berjaya Corp. Bhd* |
1,695,000 | 267,350 | |||
| Berjaya Sports Toto Bhd* |
513,700 | 645,384 | |||
| British American Tobacco Malaysia Bhd* |
117,600 | 1,467,782 | |||
| Digi.Com Bhd* |
229,000 | 1,331,724 | |||
| Gamuda Bhd* |
1,320,900 | 717,428 | |||
| Hong Leong Financial Group Bhd* |
289,100 | 371,139 | |||
| IOI Properties Bhd* |
430,400 | 293,978 | |||
| Lafarge Malayan Cement Bhd* |
205,100 | 226,170 | |||
| Malaysia Airports Holdings Bhd* |
257,600 | 175,950 | |||
| Malaysian Bulk Carriers Bhd* |
608,700 | 517,616 | |||
| Malaysian Pacific Industries* |
57,300 | 70,102 | |||
| O.S.K Holdings Bhd* |
406,900 | 103,804 | |||
| Petronas Gas Bhd* |
490,600 | 1,305,396 | |||
| Plus Expressways Bhd* |
1,342,800 | 1,082,933 | |||
| Public Bank Bhd* |
1,277,197 | 2,645,134 | |||
| Shell Refining Co. Federation of Malaya Bhd* |
82,500 | 217,254 | |||
| SP Setia Bhd* |
313,500 | 239,930 | |||
| Star Publications Malaysia Bhd* |
212,600 | 191,285 | |||
| Telekom Malaysia Bhd* |
2,886,600 | 2,787,226 | |||
| Tenaga Nasional Bhd* |
1,107,900 | 1,853,844 | |||
| YTL Power International Bhd* |
2,042,865 | 1,075,929 | |||
| Total Malaysia | 17,854,427 | ||||
| Mexico – 2.3% | |||||
| Embotelladoras Arca S.A.B de C.V.* |
235,098 | 411,417 | |||
| Grupo Aeroportuario del Centro Norte S.A.B de C.V. Class B* |
80,100 | 73,552 | |||
| Grupo Continental S.A.B de C.V.* |
335,596 | 544,692 | |||
| Grupo Mexico S.A.B de C.V. Series B* |
2,491,544 | 1,823,210 | |||
| Kimberly-Clark de Mexico S.A.B de C.V. Class A* |
384,796 | 1,254,550 | |||
| Total Mexico | 4,107,421 | ||||
| Philippines – 2.4% | |||||
| Aboitiz Equity Ventures, Inc. |
1,507,000 | 174,634 | |||
| First Gen Corp. |
369,500 | 175,861 | |||
| First Philippine Holdings Corp. |
296,200 | 162,427 | |||
| Globe Telecom, Inc. |
45,548 | 787,017 | |||
| Philippine Long Distance Telephone Co. |
59,978 | 2,724,298 | |||
| Robinsons Land Corp. |
832,000 | 77,476 | |||
| Universal Robina Corp. |
560,400 | 75,377 | |||
| Total Philippines | 4,177,090 | ||||
| Poland – 3.3% | |||||
| KGHM Polska Miedz S.A.* |
100,333 | 1,301,945 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 87 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Polskie Gornictwo Naftowe I Gazownictwo S.A.* |
1,778,753 | $ | 1,702,446 | ||
| Telekomunikacja Polska S.A.* |
530,071 | 2,830,217 | |||
| Total Poland | 5,834,608 | ||||
| Russia – 1.5% | |||||
| Surgutneftegaz–SP, ADR* |
435,606 | 2,700,757 | |||
| South Africa – 11.5% | |||||
| ABSA Group Ltd.* |
261,217 | 2,642,384 | |||
| Adcorp Holdings Ltd.* |
16,470 | 29,442 | |||
| Afgri Ltd. |
147,792 | 66,825 | |||
| African Bank Investments Ltd. |
507,193 | 1,343,981 | |||
| Astral Foods Ltd. |
17,488 | 168,573 | |||
| AVI Ltd. |
105,044 | 190,979 | |||
| City Lodge Hotels Ltd. |
5,748 | 38,985 | |||
| FirstRand Ltd. |
2,308,946 | 2,928,064 | |||
| Foschini Ltd. |
142,014 | 656,161 | |||
| Growthpoint Properties Ltd.(a) |
685,521 | 978,183 | |||
| Investec Ltd. |
113,273 | 462,859 | |||
| JD Group Ltd.* |
58,370 | 202,607 | |||
| Lewis Group Ltd. |
47,840 | 214,752 | |||
| Massmart Holdings Ltd. |
63,773 | 466,730 | |||
| Metropolitan Holdings Ltd. |
304,812 | 336,543 | |||
| Mondi Ltd.(a) |
50,431 | 146,839 | |||
| Mr.Price Group Ltd. |
80,739 | 205,880 | |||
| Nedbank Group Ltd. |
199,554 | 1,783,606 | |||
| Northam Platinum Ltd. |
86,507 | 233,778 | |||
| Pangbourne Properties Ltd. |
140,828 | 208,651 | |||
| Peregrine Holdings Ltd. |
34,102 | 20,655 | |||
| Pick’n Pay Holdings Ltd.* |
182,684 | 241,274 | |||
| Pick’n Pay Stores Ltd.* |
160,092 | 496,773 | |||
| Pretoria Portland Cement Co., Ltd. |
176,950 | 584,065 | |||
| PSG Group Ltd.* |
47,035 | 69,242 | |||
| Rainbow Chicken Ltd. |
72,779 | 118,237 | |||
| Real Africa Holdings Ltd.* |
41,013 | 8,625 | |||
| Reunert Ltd.* |
66,420 | 255,483 | |||
| RMB Holdings Ltd. |
511,683 | 1,108,377 | |||
| Sanlam Ltd. |
762,802 | 1,350,745 | |||
| Santam Ltd. |
33,315 | 267,991 | |||
| Telkom S.A. Ltd. |
139,968 | 1,552,600 | |||
| Truworths International Ltd. |
168,857 | 570,492 | |||
| Woolworths Holdings Ltd. |
428,820 | 514,043 | |||
| Total South Africa | 20,464,424 | ||||
| South Korea – 4.6% | |||||
| Daishin Securities Co., Ltd. |
15,140 | 186,069 | |||
| Korea Exchange Bank |
184,880 | 828,669 | |||
| KT Corp. |
68,850 | 1,916,302 | |||
| SK Telecom Co., Ltd. |
3,672 | 509,687 | |||
| SK Telecom Co., Ltd., ADR* |
147,839 | 2,284,113 | |||
| S-Oil Corp. |
47,229 | 1,922,279 | |||
| Woori Investment & Securities Co., Ltd. |
42,390 | 517,904 | |||
| Total South Korea | 8,165,023 | ||||
| Taiwan – 31.1% | |||||
| Ability Enterprise Co., Ltd. |
190,234 | 149,497 | |||
| Investments | Shares | U.S. $ Value | |||
| Advantech Co., Ltd. |
168,492 | $ | 234,017 | ||
| Alpha Networks, Inc. |
153,995 | 95,361 | |||
| Altek Corp. |
86,141 | 78,236 | |||
| Asia Cement Corp. |
763,480 | 661,899 | |||
| Asia Optical Co., Inc. |
66,470 | 79,285 | |||
| Aten International Co., Ltd. |
30,854 | 37,212 | |||
| Aurora Corp. |
79,256 | 62,401 | |||
| Chicony Electronics Co., Ltd. |
194,380 | 249,337 | |||
| China Electric Manufacturing Corp. |
139,000 | 50,826 | |||
| China Steel Chemical Corp. |
71,050 | 115,651 | |||
| China Steel Corp.* |
3,413,038 | 2,234,296 | |||
| China Synthetic Rubber Corp. |
113,000 | 110,961 | |||
| Chin-Poon Industrial Co., Ltd. |
176,000 | 66,950 | |||
| Chong Hong Construction Co. |
28,000 | 32,242 | |||
| Chroma ATE, Inc.* |
112,611 | 82,187 | |||
| Chung Hsin Electric & Machinery Manufacturing Corp. |
115,000 | 54,597 | |||
| Chung Hung Steel Corp. |
718,238 | 243,564 | |||
| Chung HWA Pulp Corp.* |
197,000 | 56,755 | |||
| Chunghwa Telecom Co., Ltd. |
2,838,250 | 5,180,694 | |||
| Compal Communications, Inc. |
317,647 | 255,245 | |||
| Compal Electronics, Inc. |
1,144,909 | 820,397 | |||
| Continental Engineering Corp. |
157,000 | 43,518 | |||
| CTCI Corp.* |
236,992 | 164,228 | |||
| Cyberlink Corp.* |
25,149 | 92,699 | |||
| Delta Electronics, Inc. |
585,160 | 1,076,728 | |||
| Depo Auto Parts Industries Co., Ltd. |
55,000 | 77,767 | |||
| DFI, Inc.* |
32,180 | 34,161 | |||
| D-Link Corp. |
132,200 | 93,755 | |||
| Eastern Media International Corp. |
495,122 | 69,205 | |||
| Elite Semiconductor Memory Technology, Inc. |
50,020 | 43,365 | |||
| Eternal Chemical Co., Ltd. |
205,900 | 109,896 | |||
| Evergreen Marine Corp. Taiwan Ltd. |
1,144,000 | 480,715 | |||
| Far EasTone Telecommunications Co., Ltd.* |
1,327,209 | 1,365,876 | |||
| Faraday Technology Corp.* |
130,947 | 171,252 | |||
| Feng TAY Enterprise Co., Ltd.* |
245,000 | 130,765 | |||
| Formosa Chemicals & Fibre Corp. |
1,948,000 | 2,297,712 | |||
| Formosa Petrochemical Corp. |
2,586,000 | 5,116,790 | |||
| Formosa Plastics Corp. |
1,696,000 | 2,555,603 | |||
| Formosa Taffeta Co., Ltd. |
1,086,000 | 581,237 | |||
| FSP Technology, Inc. |
59,900 | 33,207 | |||
| Gemtek Technology Corp. |
53,678 | 75,977 | |||
| GeoVision, Inc.* |
12,000 | 46,709 | |||
| Globe Union Industrial Corp. |
52,068 | 24,720 | |||
| Greatek Electronics, Inc. |
192,520 | 137,952 | |||
| Highwealth Construction Corp. |
358,976 | 201,125 | |||
| Holtek Semiconductor, Inc. |
75,203 | 63,423 | |||
| Holystone Enterprise Co., Ltd. |
98,685 | 65,476 | |||
| Hotai Motor Co., Ltd. |
169,000 | 236,965 | |||
| Huaku Development Co., Ltd.* |
45,000 | 62,301 | |||
| Hung Poo Real Estate Development Corp.* |
45,000 | 32,577 | |||
| ICP Electronics, Inc.* |
44,668 | 34,642 | |||
| Infortrend Technology, Inc.* |
107,935 | 111,398 | |||
| Inventec Appliances Corp. |
296,595 | 267,628 | |||
See Notes to Financial Statements.
| 88 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Inventec Co., Ltd. |
1,092,300 | $ | 439,664 | ||
| ITEQ Corp. |
97,143 | 45,260 | |||
| Kinpo Electronics, Inc. |
474,944 | 104,899 | |||
| Kinsus Interconnect Technology Corp. |
138,515 | 175,431 | |||
| KYE Systems Corp. |
104,293 | 61,816 | |||
| L&K Engineering Co., Ltd. |
98,000 | 68,489 | |||
| LEE Chang Yung Chem Industries Corp. |
290,960 | 200,769 | |||
| LITE-ON IT Corp. |
232,910 | 105,425 | |||
| Lite-On Semiconductor Corp. |
161,100 | 52,731 | |||
| Lite-On Technology Corp. |
1,235,273 | 834,152 | |||
| Macronix International |
1,429,864 | 541,807 | |||
| Makalot Industrial Co., Ltd. |
66,000 | 64,225 | |||
| Mega Financial Holding Co., Ltd. |
3,724,000 | 1,334,236 | |||
| Merry Electronics Co., Ltd.* |
54,000 | 48,806 | |||
| MIN AIK Technology Co., Ltd. |
36,800 | 29,733 | |||
| Mitac International |
529,758 | 214,796 | |||
| Nan Ya Plastics Corp. |
2,921,000 | 3,342,026 | |||
| Nan Ya Printed Circuit Board Corp. |
306,000 | 784,129 | |||
| National Petroleum Co., Ltd. |
91,000 | 68,427 | |||
| Nien Hsing Textile Co., Ltd. |
287,000 | 74,983 | |||
| Novatek Microelectronics Corp., Ltd.* |
234,000 | 354,671 | |||
| Oriental Union Chemical Corp. |
193,000 | 90,206 | |||
| Quanta Computer, Inc. |
937,703 | 1,184,848 | |||
| Radiant Opto-Electronics Corp. |
146,730 | 128,073 | |||
| Ruentex Development Co., Ltd. |
304,000 | 199,906 | |||
| Sheng Yu Steel Co., Ltd. |
119,000 | 76,673 | |||
| Shih Wei Navigation Co., Ltd. |
172,975 | 209,384 | |||
| Siliconware Precision Industries Co. |
1,207,130 | 1,270,776 | |||
| Silitech Technology Corp. |
28,160 | 51,069 | |||
| Sincere Navigation |
215,325 | 176,834 | |||
| Sitronix Technology Corp. |
25,699 | 31,222 | |||
| Sonix Technology Co., Ltd. |
39,716 | 56,976 | |||
| Springsoft, Inc. |
50,290 | 28,399 | |||
| TA Chen Stainless Pipe |
195,000 | 83,953 | |||
| Taiwan Mask Corp. |
172,000 | 51,480 | |||
| Taiwan Navigation Co., Ltd.* |
127,000 | 160,660 | |||
| Taiwan Secom Co., Ltd. |
169,000 | 229,988 | |||
| Taiwan Semiconductor Manufacturing Co., Ltd. |
6,974,131 | 10,570,604 | |||
| Taiwan Sogo Shin Kong Secs Co. |
99,320 | 42,028 | |||
| Teco Electric and Machinery Co., Ltd.* |
779,000 | 252,683 | |||
| Test-Rite International Co. |
146,660 | 65,087 | |||
| Thye Ming Industrial Co., Ltd. |
115,000 | 71,892 | |||
| Ton Yi Industrial Corp. |
372,000 | 122,859 | |||
| Tong-Tai Machine & Tool Co., Ltd. |
53,900 | 27,417 | |||
| Topco Scientific Co., Ltd. |
36,600 | 27,899 | |||
| Tung Ho Steel Enterprise Corp. |
301,000 | 241,425 | |||
| U-Ming Marine Transport Corp. |
529,000 | 797,119 | |||
| Unimicron Technology Corp. |
356,670 | 212,454 | |||
| Uni-President Enterprises Corp. |
1,124,450 | 911,842 | |||
| Unitech Printed Circuit Board Corp. |
138,350 | 38,757 | |||
| United Integrated Services Co., Ltd. |
148,000 | 57,826 | |||
| Universal Scientific Industrial Co., Ltd.* |
506,486 | 150,847 | |||
| UPC Technology Corp. |
187,239 | 57,422 | |||
| USI Corp. |
356,000 | 120,199 | |||
| Investments | Shares | U.S. $ Value | |||
| Wah Lee Industrial Corp. |
61,320 | $ | 46,019 | ||
| Wan Hai Lines Ltd. |
1,207,600 | 519,903 | |||
| Wistron Corp. |
508,053 | 547,574 | |||
| WPG Holdings Co., Ltd. |
301,921 | 195,422 | |||
| Yang Ming Marine Transport Corp. |
689,571 | 216,558 | |||
| Yeun Chyang Industrial Co., Ltd.* |
60,968 | 25,619 | |||
| Yung Shin Pharmaceutical Industrial Co., Ltd. |
83,000 | 78,076 | |||
| Total Taiwan | 55,225,435 | ||||
| Thailand – 5.7% | |||||
| Advanced Info Service PCL* |
1,177,290 | 2,746,955 | |||
| Asia Plus Securities PCL* |
758,000 | 22,228 | |||
| Bangkok Expressway PCL* |
279,888 | 126,271 | |||
| CalComp Electronics Thailand PCL* |
1,117,600 | 40,651 | |||
| Delta Electronics Thai PCL* |
701,462 | 181,967 | |||
| Electricity Generating PCL* |
161,898 | 302,432 | |||
| Glow Energy PCL* |
536,900 | 317,916 | |||
| Hana Microelectronics PCL* |
323,684 | 92,181 | |||
| Hemaraj Land And Development PCL* |
2,525,100 | 33,464 | |||
| IRPC PCL* |
8,414,300 | 448,415 | |||
| Kiatnakin Bank PCL* |
324,398 | 96,958 | |||
| Land and Houses PCL* |
3,025,200 | 254,197 | |||
| LPN Development PCL* |
325,200 | 23,841 | |||
| Major Cineplex Group PCL* |
318,986 | 58,913 | |||
| MCOT PCL* |
215,986 | 72,472 | |||
| Phatra Securities PCL* |
100,800 | 28,138 | |||
| Precious Shipping PCL* |
450,596 | 130,865 | |||
| PTT Aromatics & Refining PCL |
1,834,289 | 473,248 | |||
| PTT Chemical PCL* |
300,300 | 245,558 | |||
| Ratchaburi Electricity Generating Holding PCL* |
417,296 | 453,007 | |||
| Rojana Industrial Park PCL* |
227,300 | 18,586 | |||
| Samart Corp. PCL* |
405,586 | 58,325 | |||
| Shin Corp. PCL* |
1,037,400 | 555,776 | |||
| Siam Cement PCL* |
530,096 | 1,472,281 | |||
| Siam City Cement PCL* |
103,998 | 366,552 | |||
| Siam Makro PCL* |
87,900 | 166,060 | |||
| Thai Oil PCL* |
963,594 | 692,842 | |||
| Thai Plastic & Chemical PCL* |
360,300 | 130,039 | |||
| Thai Union Frozen Products PCL* |
363,384 | 209,024 | |||
| Thanachart Capital PCL* |
427,300 | 115,666 | |||
| Thoresen Thai Agencies PCL* |
163,590 | 58,120 | |||
| Ticon Industrial Connection PCL* |
215,800 | 34,380 | |||
| Tisco Bank PCL |
285,482 | 85,327 | |||
| Total Thailand | 10,112,655 | ||||
| Turkey – 5.7% | |||||
| Adana Cimento Class A* |
89,515 | 185,124 | |||
| Akbank TAS* |
811,912 | 2,368,208 | |||
| Akcansa Cimento A.S.* |
161,700 | 243,558 | |||
| Aksigorta A.S.* |
126,354 | 196,360 | |||
| Anadolu Sigorta* |
59,825 | 32,540 | |||
| Arcelik A.S.* |
89,306 | 97,684 | |||
| Cimsa Cimento Sanayi ve Tica* |
175,105 | 349,572 | |||
| Dogus Otomotiv Servis ve Ticaret A.S.* |
27,041 | 32,002 | |||
| Ford Otomotiv Sanayi A.S.* |
270,532 | 734,118 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 89 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets Equity Income Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Otokar Otobus Karoseri Sanayi A.S.* |
9,716 | $ | 50,524 | ||
| Selcuk Ecza Deposu Ticaret ve Sanayi A.S.* |
211,445 | 212,323 | |||
| Tupras Turkiye Petrol Rafine* |
220,439 | 2,200,371 | |||
| Turk Traktor ve Ziraat Makineleri A.S.* |
42,822 | 103,404 | |||
| Turkiye Halk Bankasi A.S.* |
756,509 | 1,645,912 | |||
| Turkiye Is Bankasi Class C* |
712,024 | 1,591,686 | |||
| Vestel Beyaz Esya Sanayi ve Ticaret A.S.* |
67,377 | 44,702 | |||
| Total Turkey | 10,088,088 | ||||
| TOTAL COMMON STOCKS (Cost: $258,763,999) |
173,543,146 | ||||
| WARRANTS – 0.0% | |||||
| Thailand – 0.0% | |||||
| Ticon Industrial Connection PCL, expiring 1/22/14* (Cost: $0) |
69,333 | 626 | |||
| SHORT-TERM INVESTMENT – 0.9% | |||||
| MONEY MARKET FUND – 0.9% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $1,633,496) |
1,633,496 | 1,633,496 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | |||||
| MONEY MARKET FUND – 0.3% | |||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $600,046)(d) |
600,046 | 600,046 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.1% (Cost: $260,997,541) |
175,777,314 | ||||
| Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.9% |
1,577,525 | ||||
| NET ASSETS – 100.0% | $ | 177,354,839 | |||
ADR – American Depositary Receipt
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $571,771 and the total market value of the collateral held by the Fund was $600,046. |
See Notes to Financial Statements.
| 90 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree Emerging Markets SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.3% | |||||
| Argentina – 0.5% | |||||
| Banco Macro S.A., ADR* |
14,247 | $ | 144,749 | ||
| BBVA Banco Frances S.A., ADR* |
41,214 | 104,684 | |||
| Total Argentina | 249,433 | ||||
| Brazil – 2.9% | |||||
| AES Tiete S.A.* |
39,500 | 274,171 | |||
| Brascan Residential Properties S.A.* |
43,500 | 37,600 | |||
| Cia de Saneamento de Minas Gerais-COPASA* |
21,922 | 188,059 | |||
| Equatorial Energia S.A.* |
45,300 | 228,246 | |||
| Eternit S.A.* |
29,500 | 75,087 | |||
| Grendene S.A.* |
40,244 | 209,764 | |||
| Iguatemi Empresa de Shopping Centers S.A.* |
12,300 | 73,995 | |||
| JHSF Participacoes S.A.* |
18,700 | 12,184 | |||
| LPS Brasil Consultoria de Imoveis S.A.* |
8,600 | 21,479 | |||
| Obrascon Huarte Lain Brasil S.A.* |
12,362 | 76,247 | |||
| Positivo Informatica S.A.* |
10,500 | 36,988 | |||
| Rossi Residencial S.A.* |
19,300 | 31,353 | |||
| Sao Carlos Empreendimentos e Participacoes S.A.* |
11,200 | 58,621 | |||
| Tegma Gestao Logistica* |
8,700 | 21,313 | |||
| Terna Participacoes S.A.* |
8,500 | 84,917 | |||
| Totvs S.A.* |
4,440 | 79,032 | |||
| Total Brazil | 1,509,056 | ||||
| Chile – 4.3% | |||||
| Almendral S.A.* |
1,968,304 | 159,560 | |||
| Cia Cervecerias Unidas S.A.* |
44,951 | 252,837 | |||
| Cia Sudamericana de Vapores S.A.* |
112,895 | 59,332 | |||
| CorpBanca S.A.* |
76,195,264 | 318,653 | |||
| Empresa Electrica del Norte Grande S.A.* |
72,722 | 71,192 | |||
| Empresas La Polar S.A.* |
25,688 | 56,472 | |||
| Inversiones Aguas Metropolitanas S.A.* |
199,361 | 186,607 | |||
| Madeco S.A.* |
1,563,683 | 75,599 | |||
| Quinenco S.A.* |
266,931 | 435,525 | |||
| Sigdo Koppers S.A.* |
87,605 | 64,246 | |||
| Sociedad Matriz Banco de Chile Class B* |
3,144,796 | 248,451 | |||
| Sonda S.A.* |
122,304 | 143,887 | |||
| Vina Concha y Toro S.A.* |
76,471 | 130,010 | |||
| Total Chile | 2,202,371 | ||||
| China – 4.2% | |||||
| Anhui Expressway Co. Class H* |
344,030 | 154,037 | |||
| Beijing Capital Land Ltd. Class H |
1,112,000 | 182,224 | |||
| Dalian Port PDA Co., Ltd. Class H* |
202,000 | 65,161 | |||
| Datang International Power Generation Co., Ltd. Class H* |
346,000 | 152,240 | |||
| Dongfang Electric Corp., Ltd. Class H* |
19,200 | 42,909 | |||
| Great Wall Motor Co., Ltd. Class H* |
165,500 | 67,268 | |||
| Guangzhou Shipyard International Co., Ltd. Class H* |
40,000 | 53,058 | |||
| Hunan Non-Ferrous Metal Corp., Ltd. Class H* |
482,000 | 86,449 | |||
| Jiangsu Expressway Co., Ltd. Class H* |
244,000 | 165,605 | |||
| Lianhua Supermarket Holdings Co., Ltd. Class H |
80,000 | 91,252 | |||
| Lingbao Gold Co., Ltd. Class H* |
278,000 | 100,797 | |||
| Investments | Shares | U.S. $ Value | |||
| Maanshan Iron & Steel Class H |
264,000 | $ | 92,996 | ||
| Shandong Weigao Group Medical Polymer Co., Ltd. Class H |
68,000 | 121,084 | |||
| Shanghai Jin Jiang International Hotels Group Co., Ltd. Class H* |
282,000 | 44,028 | |||
| Sichuan Xinhua Winshare Chainstore Co., Ltd. Class H* |
331,000 | 96,524 | |||
| Sinotrans Ltd. Class H |
511,000 | 79,123 | |||
| Tong Ren Tang Technologies Co., Ltd. Class H* |
57,000 | 66,855 | |||
| Travelsky Technology Ltd. Class H* |
215,000 | 98,761 | |||
| Weiqiao Textile Co. Class H* |
466,000 | 138,297 | |||
| Wumart Stores, Inc. Class H* |
143,000 | 101,484 | |||
| Xiamen International Port Co., Ltd. Class H* |
344,000 | 39,061 | |||
| Zhuzhou CSR Times Electric Co., Ltd. Class H* |
150,000 | 152,516 | |||
| Total China | 2,191,729 | ||||
| Indonesia – 0.8% | |||||
| Bank Cimb Niaga Tbk PT* |
2,051,000 | 83,424 | |||
| Gudang Garam Tbk PT* |
525,756 | 268,452 | |||
| Medco Energi Internasional Tbk PT* |
344,558 | 65,602 | |||
| Total Indonesia | 417,478 | ||||
| Israel – 4.5% | |||||
| Blue Square-Israel Ltd.* |
23,507 | 138,647 | |||
| Clal Industries and Investments* |
72,607 | 163,452 | |||
| Clal Insurance Enterprise Holdings, Ltd.* |
32,531 | 222,475 | |||
| Delek Automotive Systems Ltd.* |
50,434 | 316,587 | |||
| Discount Investment Corp.* |
14,233 | 148,570 | |||
| Elbit Imaging Ltd.* |
7,139 | 105,562 | |||
| Gazit-Globe Ltd.* |
18,142 | 79,575 | |||
| Harel Insurance Investments & Financial Services Ltd.* |
4,174 | 98,020 | |||
| Industrial Buildings Corp.* |
83,481 | 98,911 | |||
| Ituran Location and Control Ltd.* |
7,885 | 58,353 | |||
| Koor Industries Ltd.* |
7,546 | 115,962 | |||
| Menorah Mivtachim Holdings Ltd.* |
6,559 | 35,904 | |||
| Migdal Insurance & Financial Holding Ltd.* |
116,688 | 93,848 | |||
| Mizrahi Tefahot Bank Ltd.* |
31,507 | 150,815 | |||
| Oil Refineries Ltd.* |
394,980 | 127,760 | |||
| Ormat Industries* |
12,953 | 87,816 | |||
| Osem Investments Ltd.* |
5,408 | 52,952 | |||
| Shufersal Ltd.* |
90,144 | 251,421 | |||
| Total Israel | 2,346,630 | ||||
| Malaysia – 9.8% | |||||
| Affin Holdings Bhd* |
243,180 | 91,388 | |||
| Alliance Financial Group Bhd* |
116,000 | 53,776 | |||
| Batu Kawan Bhd* |
136,010 | 298,472 | |||
| Berjaya Corp. Bhd* |
1,253,900 | 197,776 | |||
| Berjaya Sports Toto Bhd* |
524,232 | 658,615 | |||
| Gamuda Bhd* |
1,057,228 | 574,218 | |||
| Hong Leong Financial Group Bhd* |
272,902 | 350,345 | |||
| IGB Corp. Bhd* |
140,400 | 51,993 | |||
| IJM Corp. Bhd* |
133,012 | 152,514 | |||
| IOI Properties Bhd* |
209,100 | 142,822 | |||
| Lafarge Malayan Cement Bhd* |
189,600 | 209,078 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 91 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Malaysia Airports Holdings Bhd* |
196,200 | $ | 134,011 | ||
| Malaysian Bulk Carriers Bhd* |
630,348 | 536,025 | |||
| Malaysian Pacific Industries* |
48,400 | 59,214 | |||
| Media Prima Bhd* |
215,800 | 57,716 | |||
| Multi-Purpose Holdings Bhd* |
192,000 | 58,461 | |||
| O.S.K Holdings Bhd* |
420,900 | 107,375 | |||
| Padiberas Nasional Bhd* |
89,000 | 31,250 | |||
| Pos Malaysia Bhd* |
174,720 | 101,607 | |||
| Sarawak Energy Bhd* |
279,202 | 130,966 | |||
| Shell Refining Co. Federation of Malaya Bhd* |
89,474 | 235,619 | |||
| SP Setia Bhd* |
329,726 | 252,348 | |||
| Star Publications Malaysia Bhd* |
261,206 | 235,017 | |||
| Uchi Technologies Bhd* |
225,038 | 66,052 | |||
| UMW Holdings Bhd* |
192,626 | 277,407 | |||
| Total Malaysia | 5,064,065 | ||||
| Mexico – 1.7% | |||||
| Consorcio ARA S.A.B de CV* |
272,102 | 71,580 | |||
| Grupo Aeroportuario del Centro Norte S.A.B de C.V. Class B* |
82,000 | 75,296 | |||
| Grupo Aeroportuario del Sureste S.A.B de CV Class B* |
48,202 | 139,756 | |||
| Grupo Continental S.A.B de C.V.* |
350,156 | 568,324 | |||
| Vitro S.A.B de CV Series A* |
71,206 | 22,468 | |||
| Total Mexico | 877,424 | ||||
| Philippines – 3.2% | |||||
| Aboitiz Equity Ventures, Inc. |
1,268,000 | 146,938 | |||
| ABS-CBN Holdings Corp.PDR* |
165,300 | 58,150 | |||
| Energy Development Corp. |
1,557,000 | 125,656 | |||
| First Gen Corp. |
385,274 | 183,369 | |||
| First Philippine Holdings Corp. |
273,600 | 150,034 | |||
| Jollibee Foods Corp. |
129,710 | 116,759 | |||
| Manila Electric Co. |
59,500 | 107,119 | |||
| Megaworld Corp.* |
3,406,000 | 39,469 | |||
| Metropolitan Bank & Trust |
153,010 | 82,323 | |||
| Petron Corp. |
1,102,286 | 132,297 | |||
| Robinsons Land Corp. |
1,017,000 | 94,703 | |||
| SM Prime Holdings, Inc. |
2,202,000 | 332,635 | |||
| Universal Robina Corp. |
665,832 | 89,558 | |||
| Total Philippines | 1,659,010 | ||||
| Poland – 0.4% | |||||
| Asseco Poland S.A.* |
6,308 | 78,289 | |||
| Ciech S.A.* |
4,114 | 28,030 | |||
| Grupa Kety S.A.* |
1,867 | 32,398 | |||
| Grupa Lotos S.A.* |
7,066 | 33,192 | |||
| Impexmetal S.A.* |
50,733 | 18,299 | |||
| Total Poland | 190,208 | ||||
| South Africa – 16.0% | |||||
| Adcorp Holdings Ltd.* |
13,066 | 23,357 | |||
| Aeci Ltd. |
21,683 | 100,321 | |||
| Afgri Ltd. |
185,823 | 84,021 | |||
| African Oxygen Ltd. |
87,339 | 146,483 | |||
| Allied Electronics Corp., Ltd. |
15,963 | 33,588 | |||
| Investments | Shares | U.S. $ Value | |||
| Astral Foods Ltd. |
16,327 | $ | 157,381 | ||
| AVI Ltd. |
91,640 | 166,609 | |||
| Caxton And CTP Publishers And Printers Ltd. |
119,343 | 150,591 | |||
| City Lodge Hotels Ltd. |
7,570 | 51,342 | |||
| Coronation Fund Managers Ltd. |
34,104 | 17,572 | |||
| Discovery Holdings Ltd. |
82,886 | 218,415 | |||
| Foschini Ltd. |
115,610 | 534,164 | |||
| Gold Reef Resorts Ltd.* |
52,327 | 93,484 | |||
| Grindrod Ltd. |
90,416 | 115,040 | |||
| Group Five Ltd./South Africa* |
8,132 | 24,157 | |||
| Growthpoint Properties Ltd. |
592,996 | 846,157 | |||
| Hosken Consolidated Investments Ltd. |
7,424 | 31,390 | |||
| Illovo Sugar Ltd. |
89,402 | 267,830 | |||
| Investec Ltd. |
86,636 | 354,014 | |||
| JD Group Ltd.* |
53,533 | 185,817 | |||
| JSE Ltd.* |
10,134 | 47,420 | |||
| Lewis Group Ltd. |
45,793 | 205,563 | |||
| Massmart Holdings Ltd. |
53,589 | 392,197 | |||
| Medi-Clinic Corp., Ltd.* |
102,655 | 232,080 | |||
| Metropolitan Holdings Ltd. |
300,826 | 332,142 | |||
| Mondi Ltd.(a) |
36,610 | 106,596 | |||
| Mr.Price Group Ltd. |
87,728 | 223,702 | |||
| Northam Platinum Ltd. |
91,589 | 247,512 | |||
| Pangbourne Properties Ltd. |
141,885 | 210,217 | |||
| Peregrine Holdings Ltd. |
55,407 | 33,559 | |||
| Pick’n Pay Holdings Ltd.* |
163,147 | 215,471 | |||
| Pick’n Pay Stores Ltd.* |
139,212 | 431,982 | |||
| PSG Group Ltd.* |
54,433 | 80,133 | |||
| Rainbow Chicken Ltd. |
62,351 | 101,296 | |||
| Reunert Ltd.* |
58,566 | 225,273 | |||
| Santam Ltd. |
28,071 | 225,808 | |||
| Spar Group Ltd. (The) |
35,620 | 194,393 | |||
| Tongaat Hulett Ltd. |
32,410 | 235,151 | |||
| Truworths International Ltd. |
142,254 | 480,612 | |||
| Wilson Bayly Holmes-Ovcon Ltd. |
5,267 | 47,126 | |||
| Woolworths Holdings Ltd. |
345,032 | 413,603 | |||
| Total South Africa | 8,283,569 | ||||
| South Korea – 7.2% | |||||
| Bukwang Pharmaceutical Co., Ltd. |
8,240 | 124,799 | |||
| Busan Bank |
34,182 | 145,303 | |||
| Cheil Worldwide, Inc. |
1,090 | 130,020 | |||
| CJ Home Shopping |
2,427 | 97,203 | |||
| Daegu Bank |
37,132 | 195,693 | |||
| Daishin Securities Co., Ltd. |
14,340 | 176,237 | |||
| Dongbu Corp. |
6,816 | 41,342 | |||
| Doosan Construction & Engineering Co., Ltd. |
13,570 | 57,880 | |||
| Eugene Investment & Securities Co., Ltd. |
57,924 | 41,875 | |||
| Glovis Co., Ltd. |
1,844 | 70,654 | |||
| Halla Climate Control Corp. |
25,590 | 143,004 | |||
| Hanjin Heavy Industries & Construction Co., Ltd. |
1,956 | 39,947 | |||
| Hankook Tire Co., Ltd. |
18,018 | 171,941 | |||
| Hanwha Chem Corp. |
17,880 | 120,859 | |||
| Hanwha Securities Co. |
5,400 | 33,963 | |||
See Notes to Financial Statements.
| 92 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Hotel Shilla Co., Ltd. |
6,058 | $ | 73,576 | ||
| Hyundai Marine & Fire Insurance Co., Ltd. |
12,122 | 109,543 | |||
| Hyundai Securities Co. |
28,120 | 231,750 | |||
| Korea Investment Holdings Co., Ltd. |
5,331 | 114,463 | |||
| Korea Kumho Petrochemical Co. |
2,990 | 45,934 | |||
| Korean Reinsurance Co. |
16,006 | 122,656 | |||
| Kumho Tire Co., Inc.* |
16,072 | 47,638 | |||
| LG Dacom Corp. |
17,514 | 220,943 | |||
| LG Telecom Ltd. |
40,570 | 247,248 | |||
| LIG Insurance Co., Ltd. |
3,520 | 33,972 | |||
| LS Industrial Systems Co., Ltd. |
4,007 | 156,717 | |||
| NCsoft Corp.* |
1,480 | 98,649 | |||
| S1 Corp. |
4,015 | 134,390 | |||
| Samsung Fine Chemicals Co., Ltd. |
3,093 | 97,491 | |||
| Sfa Engineering Corp. |
2,495 | 77,199 | |||
| SKC Co., Ltd. |
4,996 | 63,748 | |||
| Taihan Electric Wire Co., Ltd. |
5,640 | 70,946 | |||
| Woongjin Coway Co., Ltd. |
7,960 | 172,061 | |||
| Total South Korea | 3,709,644 | ||||
| Taiwan – 29.7% | |||||
| Ability Enterprise Co., Ltd. |
170,208 | 133,759 | |||
| Advantech Co., Ltd. |
169,771 | 235,793 | |||
| All Corp.* |
48,080 | 43,739 | |||
| Alpha Networks, Inc. |
143,355 | 88,773 | |||
| Altek Corp. |
99,848 | 90,685 | |||
| AmTRAN Technology Co., Ltd. |
94,792 | 37,736 | |||
| Asia Optical Co., Inc. |
82,060 | 97,881 | |||
| Aten International Co., Ltd. |
39,507 | 47,648 | |||
| Aurora Corp. |
81,181 | 63,916 | |||
| AV Tech Corp.* |
17,260 | 45,400 | |||
| Avermedia Technologies |
42,400 | 37,759 | |||
| Catcher Technology Co., Ltd. |
116,600 | 256,154 | |||
| Cathay No. 1 Real Estate Investment Trust Class |
315,000 | 90,844 | |||
| Cheng Shin Rubber Industry Co., Ltd. |
215,966 | 209,203 | |||
| Cheng Uei Precision Industry Co., Ltd. |
69,500 | 89,457 | |||
| Chicony Electronics Co., Ltd. |
145,700 | 186,894 | |||
| China Electric Manufacturing Corp. |
164,000 | 59,967 | |||
| China Motor Corp. |
379,044 | 122,391 | |||
| China Steel Chemical Corp. |
58,200 | 94,735 | |||
| China Synthetic Rubber Corp. |
125,000 | 122,744 | |||
| Chin-Poon Industrial Co., Ltd. |
179,000 | 68,091 | |||
| Chong Hong Construction Co. |
73,879 | 85,072 | |||
| Chroma ATE, Inc.* |
99,114 | 72,336 | |||
| Chung Hsin Electric & Machinery Manufacturing Corp. |
123,000 | 58,395 | |||
| Chung Hung Steel Corp. |
574,590 | 194,851 | |||
| Chung HWA Pulp Corp.* |
288,422 | 83,094 | |||
| Compal Communications, Inc. |
251,922 | 202,432 | |||
| Continental Engineering Corp. |
211,000 | 58,487 | |||
| CTCI Corp.* |
186,788 | 129,438 | |||
| Cyberlink Corp.* |
23,199 | 85,512 | |||
| CyberTAN Technology, Inc. |
40,000 | 31,493 | |||
| Depo Auto Parts Industries Co., Ltd. |
43,000 | 60,800 | |||
| Investments | Shares | U.S. $ Value | |||
| DFI, Inc.* |
42,290 | $ | 44,894 | ||
| D-Link Corp. |
136,780 | 97,003 | |||
| Eastern Media International Corp. |
691,319 | 96,628 | |||
| Elite Semiconductor Memory Technology, Inc. |
70,590 | 61,198 | |||
| Epistar Corp. |
89,665 | 134,847 | |||
| Eternal Chemical Co., Ltd. |
202,691 | 108,183 | |||
| Everlight Electronics Co., Ltd. |
85,365 | 157,076 | |||
| Far Eastern Department Stores Co., Ltd. |
169,250 | 87,839 | |||
| Faraday Technology Corp.* |
110,827 | 144,939 | |||
| Feng Hsin Iron & Steel Co. |
166,094 | 186,606 | |||
| Feng TAY Enterprise Co., Ltd.* |
224,000 | 119,557 | |||
| Formosa International Hotels Corp.* |
4,400 | 43,855 | |||
| Formosa Taffeta Co., Ltd. |
799,032 | 427,649 | |||
| FSP Technology, Inc. |
66,700 | 36,977 | |||
| Gemtek Technology Corp. |
48,778 | 69,042 | |||
| GeoVision, Inc.* |
17,000 | 66,171 | |||
| Giant Manufacturing Co., Ltd. |
45,800 | 94,269 | |||
| Gigabyte Technology Co., Ltd. |
249,228 | 137,431 | |||
| Globe Union Industrial Corp. |
68,724 | 32,627 | |||
| Great Wall Enterprise Co. |
60,000 | 45,736 | |||
| Greatek Electronics, Inc. |
174,980 | 125,384 | |||
| Highwealth Construction Corp. |
271,575 | 152,156 | |||
| Holtek Semiconductor, Inc. |
90,295 | 76,151 | |||
| Holystone Enterprise Co., Ltd. |
105,694 | 70,126 | |||
| Hotai Motor Co., Ltd. |
190,222 | 266,721 | |||
| Huaku Development Co., Ltd.* |
80,100 | 110,896 | |||
| Hung Poo Real Estate Development Corp.* |
90,680 | 65,646 | |||
| ICP Electronics, Inc.* |
62,578 | 48,532 | |||
| Infortrend Technology, Inc.* |
116,855 | 120,604 | |||
| Inventec Appliances Corp. |
272,262 | 245,672 | |||
| Inventec Co., Ltd. |
856,150 | 344,611 | |||
| ITEQ Corp. |
127,210 | 59,269 | |||
| Jess-Link Products Co., Ltd. |
25,000 | 31,847 | |||
| KEE TAI Properties Co., Ltd.* |
196,140 | 53,095 | |||
| King Yuan Electronics Co., Ltd. |
373,602 | 110,168 | |||
| Kinpo Electronics, Inc. |
567,788 | 125,405 | |||
| Kinsus Interconnect Technology Corp. |
109,385 | 138,538 | |||
| KYE Systems Corp. |
116,853 | 69,260 | |||
| L&K Engineering Co., Ltd. |
81,000 | 56,608 | |||
| Largan Precision Co., Ltd. |
19,342 | 161,982 | |||
| LEE Chang Yung Chem Industries Corp. |
236,016 | 162,856 | |||
| LITE-ON IT Corp. |
397,805 | 180,063 | |||
| Lite-On Semiconductor Corp. |
241,220 | 78,956 | |||
| Macronix International |
1,032,015 | 391,053 | |||
| Makalot Industrial Co., Ltd. |
69,000 | 67,144 | |||
| Merida Industry Co., Ltd. |
45,000 | 54,007 | |||
| Merry Electronics Co., Ltd.* |
67,000 | 60,555 | |||
| Micro-Star International Co., Ltd. |
169,705 | 83,571 | |||
| MIN AIK Technology Co., Ltd. |
45,800 | 37,005 | |||
| Mitac International |
389,145 | 157,783 | |||
| National Petroleum Co., Ltd. |
83,000 | 62,412 | |||
| Nien Hsing Textile Co., Ltd. |
243,000 | 63,487 | |||
| Novatek Microelectronics Corp., Ltd.* |
224,635 | 340,477 | |||
| Oriental Union Chemical Corp. |
220,940 | 103,264 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 93 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Emerging Markets SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Pan-International Industrial* |
42,750 | $ | 39,142 | ||
| Powertech Technology, Inc.* |
95,128 | 171,675 | |||
| Radiant Opto-Electronics Corp. |
122,880 | 107,255 | |||
| Realtek Semiconductor Corp. |
86,386 | 113,357 | |||
| Richtek Technology Corp. |
20,500 | 96,721 | |||
| Ruentex Development Co., Ltd. |
240,000 | 157,820 | |||
| Ruentex Industries Ltd. |
139,000 | 103,086 | |||
| Sheng Yu Steel Co., Ltd. |
96,000 | 61,854 | |||
| Shih Wei Navigation Co., Ltd. |
124,025 | 150,131 | |||
| Shihlin Electric & Engineering Corp. |
169,214 | 159,175 | |||
| Shin Kong No.1 Real Estate Investment Trust Class REIT |
275,000 | 67,307 | |||
| Shin Zu Shing Co., Ltd.* |
13,795 | 48,001 | |||
| Silitech Technology Corp. |
37,916 | 68,761 | |||
| Sincere Navigation |
221,791 | 182,144 | |||
| Sinyi Realty Co. |
39,263 | 45,559 | |||
| Sitronix Technology Corp. |
40,248 | 48,898 | |||
| Sonix Technology Co., Ltd. |
45,074 | 64,663 | |||
| Springsoft, Inc. |
73,490 | 41,500 | |||
| TA Chen Stainless Pipe |
218,000 | 93,855 | |||
| Taiwan Glass Industrial Corp. |
203,535 | 108,033 | |||
| Taiwan Mask Corp. |
189,000 | 56,568 | |||
| Taiwan Navigation Co., Ltd.* |
100,000 | 126,504 | |||
| Taiwan Secom Co., Ltd. |
168,014 | 228,646 | |||
| Taiwan Sogo Shin Kong Secs Co. |
69,120 | 29,248 | |||
| Teco Electric and Machinery Co., Ltd.* |
545,442 | 176,924 | |||
| Test-Rite International Co. |
105,850 | 46,976 | |||
| Thye Ming Industrial Co., Ltd. |
158,570 | 99,130 | |||
| Ton Yi Industrial Corp. |
358,000 | 118,235 | |||
| Topco Scientific Co., Ltd. |
63,140 | 48,130 | |||
| Transcend Information, Inc. |
79,389 | 173,236 | |||
| Tripod Technology Corp. |
47,924 | 63,947 | |||
| Tung Ho Steel Enterprise Corp. |
341,032 | 273,534 | |||
| TXC Corp. |
43,175 | 36,921 | |||
| Unimicron Technology Corp. |
268,400 | 159,875 | |||
| Unitech Printed Circuit Board Corp. |
256,500 | 71,855 | |||
| United Integrated Services Co., Ltd. |
112,000 | 43,760 | |||
| Universal Scientific Industrial Co., Ltd.* |
372,391 | 110,909 | |||
| UPC Technology Corp. |
215,399 | 66,058 | |||
| USI Corp. |
302,000 | 101,967 | |||
| Wah Lee Industrial Corp. |
73,410 | 55,092 | |||
| Walsin Lihwa Corp. |
181,000 | 36,294 | |||
| Wan Hai Lines Ltd. |
1,119,502 | 481,975 | |||
| Winbond Electronics Corp.* |
723,000 | 90,610 | |||
| Wistron NeWeb Corp.* |
45,950 | 35,026 | |||
| WPG Holdings Co., Ltd. |
235,671 | 152,541 | |||
| Yageo Corp. |
377,000 | 67,036 | |||
| Yang Ming Marine Transport Corp. |
794,314 | 249,453 | |||
| Yeun Chyang Industrial Co., Ltd.* |
140,264 | 58,940 | |||
| Yieh Phui Enterprise |
173,100 | 50,278 | |||
| Yulon Motor Co., Ltd. |
286,447 | 155,843 | |||
| Yung Shin Pharmaceutical Industrial Co., Ltd. |
84,000 | 79,016 | |||
| Zinwell Corp. |
45,424 | 63,089 | |||
| Zyxel Communications Corp. |
129,570 | 64,953 | |||
| Total Taiwan | 15,354,816 | ||||
| Investments | Shares | U.S. $ Value | |||
| Thailand – 8.4% | |||||
| Asia Plus Securities PCL* |
1,417,800 | $ | 41,577 | ||
| Bangkok Dusit Medical Service PCL* |
155,532 | 74,554 | |||
| Bangkok Expressway PCL* |
281,302 | 126,909 | |||
| BEC World PCL* |
304,278 | 159,582 | |||
| Big C Supercenter PCL* |
78,700 | 92,092 | |||
| Bumrungrad Hospital PCL* |
68,800 | 34,725 | |||
| CalComp Electronics Thailand PCL* |
2,504,104 | 91,084 | |||
| Central Pattana PCL* |
98,000 | 34,541 | |||
| Charoen Pokphand Foods PCL* |
1,842,062 | 168,287 | |||
| CP ALL PCL* |
877,490 | 311,755 | |||
| Delta Electronics Thai PCL* |
574,808 | 149,111 | |||
| Electricity Generating PCL* |
148,812 | 277,987 | |||
| Glow Energy PCL* |
343,476 | 203,384 | |||
| Hana Microelectronics PCL* |
392,090 | 111,662 | |||
| Kiatnakin Bank PCL* |
327,106 | 97,768 | |||
| Kim Eng Securities Thailand PCL* |
297,402 | 59,539 | |||
| Land and Houses PCL* |
2,008,308 | 168,751 | |||
| Major Cineplex Group PCL* |
339,706 | 62,740 | |||
| MCOT PCL* |
306,104 | 102,711 | |||
| Minor International PCL* |
362,536 | 65,934 | |||
| Phatra Securities PCL* |
202,876 | 56,633 | |||
| Precious Shipping PCL* |
542,926 | 157,680 | |||
| Ratchaburi Electricity Generating Holding PCL* |
427,396 | 463,971 | |||
| Siam City Cement PCL* |
91,848 | 323,728 | |||
| Siam Makro PCL* |
57,300 | 108,250 | |||
| Thai Airways International PCL* |
438,994 | 118,212 | |||
| Thai Plastic & Chemical PCL* |
295,100 | 106,507 | |||
| Thai Union Frozen Products PCL* |
373,410 | 214,791 | |||
| Thanachart Capital PCL* |
411,500 | 111,389 | |||
| Thoresen Thai Agencies PCL* |
209,523 | 74,439 | |||
| Ticon Industrial Connection PCL* |
271,900 | 43,317 | |||
| Tisco Bank PCL |
381,752 | 114,100 | |||
| TPI Polene PCL* |
429,894 | 33,213 | |||
| Total Thailand | 4,360,923 | ||||
| Turkey – 3.7% | |||||
| Adana Cimento Class A* |
81,956 | 169,491 | |||
| Akcansa Cimento A.S.* |
127,750 | 192,421 | |||
| Aksigorta A.S.* |
105,538 | 164,011 | |||
| Albaraka Turk Katilim Bankasi A.S* |
36,214 | 56,278 | |||
| Anadolu Hayat Emeklilik A.S.* |
31,010 | 24,652 | |||
| Anadolu Sigorta* |
89,256 | 48,548 | |||
| Arcelik A.S.* |
112,739 | 123,315 | |||
| Aselsan Elektronik Sanayi ve Ticaret As* |
29,023 | 51,695 | |||
| Cimsa Cimento Sanayi ve Tica* |
138,398 | 276,291 | |||
| Dogus Otomotiv Servis ve Ticaret A.S.* |
53,392 | 63,188 | |||
| EIS Eczacibasi Ilac ve Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.* |
83,941 | 50,674 | |||
| Otokar Otobus Karoseri Sanayi A.S.* |
8,220 | 42,745 | |||
| Sekerbank TAS* |
44,737 | 25,135 | |||
| Selcuk Ecza Deposu Ticaret ve Sanayi A.S.* |
189,358 | 190,145 | |||
| Tofas Turk Otomobil Fabrikasi A.S.* |
88,034 | 76,823 | |||
| Turcas Petrolculuk A.S.* |
33,094 | 51,034 | |||
See Notes to Financial Statements.
| 94 | WisdomTree International Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Emerging Markets SmallCap Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Turk Traktor ve Ziraat Makineleri A.S.* |
39,184 | $ | 94,620 | ||
| Ulker Biskuvi Sanayi A.S.* |
52,962 | 55,398 | |||
| Vestel Beyaz Esya Sanayi ve Ticaret A.S.* |
67,110 | 44,525 | |||
| Yazicilar Holding A.S. Class A* |
28,291 | 85,226 | |||
| Total Turkey | 1,886,215 | ||||
| TOTAL COMMON STOCKS (Cost: $76,921,256) |
50,302,571 | ||||
| WARRANTS – 0.0% | |||||
| Thailand – 0.0% | |||||
| Ticon Industrial Connection PCL, expiring 1/22/14* (Cost: $0) |
87,000 | 785 | |||
| SHORT-TERM INVESTMENT – 0.0% | |||||
| MONEY MARKET FUND – 0.0% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $12,151) |
12,151 | 12,151 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2% | |||||
| MONEY MARKET FUND – 0.2% | |||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $82,006)(d) |
82,006 | 82,006 | |||
| TOTAL INVESTMENTS IN SECURITIES – 97.5% (Cost: $77,015,413) |
50,397,513 | ||||
| Cash, Foreign Currency and Other Assets in Excess of Liabilities – 2.5% |
1,308,666 | ||||
| NET ASSETS – 100.0% | $ | 51,706,179 | |||
ADR – American Depositary Receipt
PDR – Philippine Depositary Receipt
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $79,999 and the total market value of the collateral held by the Fund was $82,006. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 95 |
Table of Contents
WisdomTree Middle East Dividend Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 104.6% | |||||
| Bahrain – 7.8% | |||||
| Ahli United Bank* |
214,984 | $ | 88,143 | ||
| Al-Salam Bank* |
250,380 | 60,437 | |||
| Bahrain Telecom Co. |
157,459 | 227,626 | |||
| Bbk |
106,720 | 127,385 | |||
| Ithmaar Bank Bsc* |
294,062 | 63,223 | |||
| Total Bahrain | 566,814 | ||||
| Egypt – 14.5% | |||||
| Alexandria Mineral Oils Co. |
10,832 | 79,577 | |||
| Canal Shipping Agencies Co.* |
12,629 | 19,188 | |||
| Commercial International Bank |
7,199 | 41,093 | |||
| Credit Agricole Egypt S.A.E* |
19,098 | 30,779 | |||
| Egyptian Co. For Mobile Services* |
10,896 | 286,053 | |||
| Egyptian Financial Group-Hermes Holding* |
7,654 | 20,718 | |||
| El Ezz Steel Co. |
5,272 | 6,747 | |||
| National Societe Generale Bank S.A.E* |
4,370 | 13,954 | |||
| Olympic Group Financial Investments* |
2,583 | 8,193 | |||
| Orascom Construction Industries |
3,978 | 95,609 | |||
| Orascom Telecom Holding S.A.E |
10,333 | 47,612 | |||
| Sidi Kerir Petrochemcials Co. |
62,620 | 106,701 | |||
| Telecom Egypt |
114,564 | 301,559 | |||
| Total Egypt | 1,057,783 | ||||
| Jordan – 9.2% | |||||
| Arab Bank* |
13,680 | 215,898 | |||
| Housing Bank For Trade And Finance (The)* |
16,129 | 169,168 | |||
| Jordan Telecom |
29,591 | 218,048 | |||
| Lafarge Jordan Cement* |
6,618 | 65,208 | |||
| Total Jordan | 668,322 | ||||
| Kuwait – 26.8% | |||||
| Al Ahli Bank of Kuwait |
55,625 | 92,549 | |||
| Bank of Kuwait & Middle East* |
88,500 | 144,211 | |||
| Boubyan Petrochemicals Co. |
45,000 | 67,925 | |||
| Burgan Bank* |
60,000 | 78,216 | |||
| Commercial Bank of Kuwait |
67,500 | 236,192 | |||
| Commercial Real Estate Co. |
90,000 | 33,962 | |||
| Gulf Bank KSC*† |
40,000 | 130,360 | |||
| IFA Hotels & Resorts* |
53,000 | 110,909 | |||
| Kuwait Cement Co. |
45,000 | 84,906 | |||
| Kuwait Finance House |
35,740 | 144,677 | |||
| Kuwait Investment Projects Co. Holdings* |
77,500 | 94,383 | |||
| Mobile Telecommunications Co. KSC* |
68,500 | 164,494 | |||
| National Bank of Kuwait* |
78,750 | 270,155 | |||
| National Investments Co.* |
45,000 | 56,346 | |||
| National Mobile Telecommunication Co. KSC* |
12,500 | 66,895 | |||
| Noor Financial Investment K.S.C.C |
60,000 | 14,202 | |||
| Public Warehousing Co. KSC (The)* |
75,000 | 162,093 | |||
| Total Kuwait | 1,952,475 | ||||
| Morocco – 13.6% | |||||
| Maroc Telecom* |
54,256 | 988,058 | |||
| Oman – 4.5% | |||||
| Bank Muscat S.A.O.G |
47,859 | 72,721 | |||
| Oman Telecommunications Co.* |
64,435 | 198,493 | |||
| Raysut Cement Co.* |
21,094 | 53,968 | |||
| Total Oman | 325,182 | ||||
| Investments | Shares | U.S. $ Value | ||||
| Qatar – 12.2% | ||||||
| Doha Bank QSC |
10,834 | $ | 79,136 | |||
| Industries Qatar |
6,131 | 133,676 | ||||
| Masraf Al Rayan |
39,893 | 109,547 | ||||
| Qatar Electricity & Water Co. |
3,163 | 69,746 | ||||
| Qatar Fuel Co. |
810 | 28,893 | ||||
| Qatar Insurance Co.* |
2,459 | 25,659 | ||||
| Qatar Islamic Bank |
5,992 | 96,585 | ||||
| Qatar National Bank S.A.Q* |
8,013 | 205,955 | ||||
| Qatar Shipping Co. |
11,854 | 78,448 | ||||
| Qatar Telecom Q-Telephone QSC* |
1,800 | 46,611 | ||||
| United Development Co. |
1,714 | 11,484 | ||||
| Total Qatar | 885,740 | |||||
| United Arab Emirates – 13.6% | ||||||
| Abu Dhabi Commercial Bank |
87,963 | 38,317 | ||||
| Arabtec Holding Co.* |
176,127 | 78,640 | ||||
| DP World Ltd. |
448,733 | 107,696 | ||||
| Dubai Financial Market* |
216,694 | 72,565 | ||||
| Dubai Investments* |
213,929 | 63,485 | ||||
| Dubai Islamic Bank* |
264,681 | 193,842 | ||||
| Emaar Properties PJSC* |
174,076 | 104,264 | ||||
| Emirates Nbd PJSC* |
270,191 | 228,772 | ||||
| First Gulf Bank PJSC* |
10,049 | 23,063 | ||||
| National Bank of Abu Dhabi PJSC |
27,955 | 63,551 | ||||
| Tamweel Pjsc*† |
65,235 | 17,583 | ||||
| Total United Arab Emirates | 991,778 | |||||
| United States – 2.4% | ||||||
| Abu Dhabi Commercial Bank P-Certificates |
108,195 | 47,130 | ||||
| First Gulf Bank PJSC P-Certificates |
16,636 | 38,181 | ||||
| National Bank of Abu Dhabi PJSC P-Certificates |
40,966 | 93,127 | ||||
| Total United States | 178,438 | |||||
| TOTAL COMMON STOCKS (Cost: $14,187,070) |
7,614,590 | |||||
| RIGHTS – 0.0% | ||||||
| Kuwait – 0.0% | ||||||
| Al Ahli Bank of Kuwait† (Cost: $0) |
9,000 | — | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $14,187,070) |
7,614,590 | |||||
| SHORT-TERM INVESTMENT – 0.5% | ||||||
| MONEY MARKET FUND – 0.5% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(a) (Cost: $32,680) |
32,680 | 32,680 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 105.1% (Cost: $14,219,750) |
7,647,270 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.1)% |
(368,677 | ) | ||||
| NET ASSETS – 100.0% | $ | 7,278,593 | ||||
| * | Non-income producing security. |
| † | Security is being fair valued by a valuation committee under the direction of the Board of Trustees. |
| (a) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
See Notes to Financial Statements.
| 96 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree International Dividend Funds
March 31, 2009
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Europe Total Dividend Fund |
WisdomTree Europe Equity Income Fund |
WisdomTree Europe SmallCap Dividend Fund |
||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Investments, at cost |
$ | 507,131,137 | $ | 162,884,517 | $ | 28,050,211 | $ | 34,087,991 | $ | 30,858,134 | ||||||||||
| Foreign currency, at cost |
1,291,655 | 182,637 | 18,639 | 35,137 | 59,197 | |||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
299,576,491 | 87,470,578 | 15,094,765 | 19,140,466 | 13,509,228 | |||||||||||||||
| Cash |
— | 78,894 | — | 25,575 | — | |||||||||||||||
| Foreign currency, at value |
1,291,037 | 183,194 | 18,594 | 35,208 | 60,167 | |||||||||||||||
| Receivables: |
||||||||||||||||||||
| Investment securities sold |
102,172 | 5,574,920 | 2,825,794 | — | 9,392 | |||||||||||||||
| Unrealized appreciation on foreign currency contracts |
7 | — | — | — | 1,776 | |||||||||||||||
| Dividends and interest |
1,304,917 | 377,730 | 46,304 | 58,454 | 48,462 | |||||||||||||||
| Foreign tax reclaims |
232,971 | 69,466 | 48,669 | 19,979 | 34,145 | |||||||||||||||
| Total Assets |
302,507,595 | 93,754,782 | 18,034,126 | 19,279,682 | 13,663,170 | |||||||||||||||
| LIABILITIES: |
||||||||||||||||||||
| Payables: |
||||||||||||||||||||
| Investment securities purchased |
— | — | — | — | 190,004 | |||||||||||||||
| Unrealized depreciation on foreign currency contracts |
3,537 | 285 | 3 | 44 | 117 | |||||||||||||||
| Collateral for securities on loan (Note 2) |
— | — | 342,026 | 484,037 | — | |||||||||||||||
| Capital shares redeemed |
— | 5,587,433 | 2,851,448 | — | — | |||||||||||||||
| Advisory fees (Note 3) |
117,652 | 43,815 | 6,929 | 8,789 | 6,395 | |||||||||||||||
| Service fees (Note 2) |
1,079 | 333 | 64 | 67 | 48 | |||||||||||||||
| Total Liabilities |
122,268 | 5,631,866 | 3,200,470 | 492,937 | 196,564 | |||||||||||||||
| NET ASSETS |
$ | 302,385,327 | $ | 88,122,916 | $ | 14,833,656 | $ | 18,786,745 | $ | 13,466,606 | ||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Paid-in capital |
$ | 585,413,228 | $ | 208,658,041 | $ | 34,052,987 | $ | 45,785,522 | $ | 46,841,498 | ||||||||||
| Undistributed net investment income |
1,453,194 | 129,136 | 83,144 | 29,123 | 85,533 | |||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(76,929,587 | ) | (45,255,770 | ) | (6,344,094 | ) | (12,078,161 | ) | (16,108,451 | ) | ||||||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(207,551,508 | ) | (75,408,491 | ) | (12,958,381 | ) | (14,949,739 | ) | (17,351,974 | ) | ||||||||||
| NET ASSETS |
$ | 302,385,327 | $ | 88,122,916 | $ | 14,833,656 | $ | 18,786,745 | $ | 13,466,606 | ||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
9,450,000 | 3,100,000 | 500,000 | 700,000 | 600,000 | |||||||||||||||
| Net asset value per share |
$ | 32.00 | $ | 28.43 | $ | 29.67 | $ | 26.84 | $ | 22.44 | ||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 97 |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree International Dividend Funds
March 31, 2009
| WisdomTree Japan Total Dividend Fund |
WisdomTree Japan Equity Income Fund |
WisdomTree Japan SmallCap Dividend Fund |
WisdomTree Pacific ex-Japan Total Dividend Fund |
WisdomTree Pacific ex-Japan Equity Income Fund |
||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Investments, at cost |
$ | 31,806,837 | $ | 30,404,506 | $ | 101,489,701 | $ | 68,599,521 | $ | 41,240,051 | ||||||||||
| Foreign currency, at cost |
34,932 | 40,172 | 97,561 | 336,214 | 249,993 | |||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
18,923,346 | 21,030,570 | 68,541,737 | 36,517,138 | 21,031,945 | |||||||||||||||
| Cash |
— | — | 82,471 | — | — | |||||||||||||||
| Foreign currency, at value |
34,591 | 39,793 | 96,644 | 339,774 | 249,020 | |||||||||||||||
| Receivables: |
||||||||||||||||||||
| Investment securities sold |
54,614 | 22,210 | 183,252 | 973 | 2,840,572 | |||||||||||||||
| Unrealized appreciation on foreign currency contracts |
1,004 | — | 1 | 2 | 3,949 | |||||||||||||||
| Dividends and interest |
206,927 | 260,043 | 852,366 | 243,158 | 250,996 | |||||||||||||||
| Foreign tax reclaims |
— | — | — | 89 | — | |||||||||||||||
| Total Assets |
19,220,482 | 21,352,616 | 69,756,471 | 37,101,134 | 24,376,482 | |||||||||||||||
| LIABILITIES: |
||||||||||||||||||||
| Due to foreign custodian |
— | — | — | — | 8,616 | |||||||||||||||
| Payables: |
||||||||||||||||||||
| Investment securities purchased |
— | — | — | — | 2,795,759 | |||||||||||||||
| Unrealized depreciation on foreign currency contracts |
95 | 152 | 656 | 732 | 3,411 | |||||||||||||||
| Collateral for securities on loan (Note 2) |
— | 96,007 | 3,645,280 | — | — | |||||||||||||||
| Advisory fees (Note 3) |
7,862 | 11,051 | 32,179 | 14,182 | 9,635 | |||||||||||||||
| Service fees (Note 2) |
72 | 84 | 244 | 130 | 73 | |||||||||||||||
| Total Liabilities |
8,029 | 107,294 | 3,678,359 | 15,044 | 2,817,494 | |||||||||||||||
| NET ASSETS |
$ | 19,212,453 | $ | 21,245,322 | $ | 66,078,112 | $ | 37,086,090 | $ | 21,558,988 | ||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Paid-in capital |
$ | 34,547,566 | $ | 37,258,003 | $ | 106,740,416 | $ | 80,305,897 | $ | 53,337,451 | ||||||||||
| Undistributed net investment income |
202,032 | 238,931 | 779,958 | 166,898 | 181,506 | |||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(2,652,131 | ) | (6,875,675 | ) | (8,487,291 | ) | (11,322,555 | ) | (11,766,612 | ) | ||||||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(12,885,014 | ) | (9,375,937 | ) | (32,954,971 | ) | (32,064,150 | ) | (20,193,357 | ) | ||||||||||
| NET ASSETS |
$ | 19,212,453 | $ | 21,245,322 | $ | 66,078,112 | $ | 37,086,090 | $ | 21,558,988 | ||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
600,000 | 600,000 | 2,100,000 | 1,000,000 | 700,000 | |||||||||||||||
| Net asset value per share |
$ | 32.02 | $ | 35.41 | $ | 31.47 | $ | 37.09 | $ | 30.80 | ||||||||||
See Notes to Financial Statements.
| 98 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Assets and Liabilities (continued)
WisdomTree International Dividend Funds
March 31, 2009
| WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex-Financials Fund |
WisdomTree International MidCap Dividend Fund |
WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Investments, at cost |
$ | 130,411,553 | $ | 207,202,389 | $ | 173,326,458 | $ | 467,605,856 | $ | 260,997,541 | ||||||||||
| Foreign currency, at cost |
483,633 | 210,461 | 266,802 | 2,411,072 | 622,381 | |||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
78,058,350 | 104,672,887 | 87,332,649 | 240,721,238 | 175,777,314 | |||||||||||||||
| Cash |
— | — | — | — | 30,096 | |||||||||||||||
| Foreign currency, at value |
491,804 | 211,393 | 267,793 | 2,414,779 | 621,960 | |||||||||||||||
| Receivables: |
||||||||||||||||||||
| Investment securities sold |
24,205 | 2,809,002 | 170,293 | 254,597 | 562,769 | |||||||||||||||
| Unrealized appreciation on foreign currency contracts |
— | — | 2,594 | 1,632 | — | |||||||||||||||
| Dividends and interest |
275,484 | 346,099 | 524,976 | 2,034,255 | 1,047,033 | |||||||||||||||
| Foreign tax reclaims |
110,931 | 264,101 | 99,406 | 164,165 | — | |||||||||||||||
| Capital shares sold |
— | — | — | — | 6,803 | |||||||||||||||
| Total Assets |
78,960,774 | 108,303,482 | 88,397,711 | 245,590,666 | 178,045,975 | |||||||||||||||
| LIABILITIES: |
||||||||||||||||||||
| Payables: |
||||||||||||||||||||
| Investment securities purchased |
— | 78,001 | 21,363 | 1,162,431 | — | |||||||||||||||
| Unrealized depreciation on foreign currency contracts |
1,377 | 270 | 602 | 4,278 | 149 | |||||||||||||||
| Collateral for securities on loan (Note 2) |
— | 23,002 | — | — | 600,046 | |||||||||||||||
| Capital shares redeemed |
— | 2,846,081 | — | — | — | |||||||||||||||
| Advisory fees (Note 3) |
30,672 | 50,754 | 41,838 | 116,301 | 90,311 | |||||||||||||||
| Service fees (Note 2) |
281 | 385 | 318 | 883 | 630 | |||||||||||||||
| Total Liabilities |
32,330 | 2,998,493 | 64,121 | 1,283,893 | 691,136 | |||||||||||||||
| NET ASSETS |
$ | 78,928,444 | $ | 105,304,989 | $ | 88,333,590 | $ | 244,306,773 | $ | 177,354,839 | ||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Paid-in capital |
$ | 152,620,439 | $ | 295,409,442 | $ | 209,427,889 | $ | 594,149,220 | $ | 281,573,025 | ||||||||||
| Undistributed net investment income |
431,313 | 108,563 | 389,124 | 1,642,627 | 786,207 | |||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(21,776,512 | ) | (87,670,727 | ) | (35,491,633 | ) | (124,601,442 | ) | (19,798,020 | ) | ||||||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(52,346,796 | ) | (102,542,289 | ) | (85,991,790 | ) | (226,883,632 | ) | (85,206,373 | ) | ||||||||||
| NET ASSETS |
$ | 78,928,444 | $ | 105,304,989 | $ | 88,333,590 | $ | 244,306,773 | $ | 177,354,839 | ||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
2,500,000 | 3,700,000 | 2,800,000 | 8,400,000 | 5,700,000 | |||||||||||||||
| Net asset value per share |
$ | 31.57 | $ | 28.46 | $ | 31.55 | $ | 29.08 | $ | 31.11 | ||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 99 |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree International Dividend Funds
March 31, 2009
| WisdomTree Emerging Markets SmallCap Dividend Fund |
WisdomTree Middle East Dividend Fund |
|||||||
| ASSETS: |
||||||||
| Investments, at cost |
$ | 77,015,413 | $ | 14,219,750 | ||||
| Foreign currency, at cost |
790,793 | 54,027 | ||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
50,397,513 | 7,647,270 | ||||||
| Cash |
47,868 | — | ||||||
| Foreign currency, at value |
790,036 | 54,105 | ||||||
| Receivables: |
||||||||
| Investment securities sold |
239,810 | 3,071,809 | ||||||
| Dividends and interest |
334,052 | 144,439 | ||||||
| Capital shares sold |
5,138 | 26,683 | ||||||
| Total Assets |
51,814,417 | 10,944,306 | ||||||
| LIABILITIES: |
||||||||
| Payables: |
||||||||
| Investment securities purchased |
— | — | ||||||
| Unrealized depreciation on foreign currency contracts |
115 | — | ||||||
| Collateral for securities on loan (Note 2) |
82,006 | — | ||||||
| Capital shares redeemed |
— | 3,657,672 | ||||||
| Advisory fees (Note 3) |
25,936 | 6,183 | ||||||
| Service fees (Note 2) |
181 | — | ||||||
| Other expenses |
— | 1,858 | ||||||
| Total Liabilities |
108,238 | 3,665,713 | ||||||
| NET ASSETS |
$ | 51,706,179 | $ | 7,278,593 | ||||
| NET ASSETS: |
||||||||
| Paid-in capital |
$ | 89,152,983 | $ | 16,692,931 | ||||
| Undistributed net investment income |
151,662 | 187,348 | ||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(10,981,647 | ) | (3,033,486 | ) | ||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(26,616,819 | ) | (6,568,200 | ) | ||||
| NET ASSETS |
$ | 51,706,179 | $ | 7,278,593 | ||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
2,100,000 | 600,004 | ||||||
| Net asset value per share |
$ | 24.62 | $ | 12.13 | ||||
See Notes to Financial Statements.
| 100 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree International Dividend Funds
For the Year Ended March 31, 2009
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Europe Total Dividend Fund |
WisdomTree Europe Equity Income Fund |
WisdomTree Europe SmallCap Dividend Fund |
||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||
| Dividends1 |
$ | 17,091,819 | $ | 9,496,812 | $ | 1,527,099 | $ | 1,923,680 | $ | 1,869,637 | ||||||||||
| Interest |
10,101 | 3,213 | 74 | — | — | |||||||||||||||
| Net securities lending income (Note 2) |
227,994 | 124,597 | 15,648 | 23,619 | 25,417 | |||||||||||||||
| Total investment income |
17,329,914 | 9,624,622 | 1,542,821 | 1,947,299 | 1,895,054 | |||||||||||||||
| EXPENSES: |
||||||||||||||||||||
| Advisory fees (Note 3) |
1,848,890 | 953,597 | 149,014 | 196,526 | 166,054 | |||||||||||||||
| Service fees (Note 2) |
16,947 | 7,234 | 1,366 | 1,491 | 1,260 | |||||||||||||||
| Total expenses |
1,865,837 | 960,831 | 150,380 | 198,017 | 167,314 | |||||||||||||||
| Net investment income |
15,464,077 | 8,663,791 | 1,392,441 | 1,749,282 | 1,727,740 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||
| Investment transactions |
(73,360,687 | ) | (45,533,711 | ) | (5,750,587 | ) | (11,567,729 | ) | (13,601,655 | ) | ||||||||||
| In-kind redemptions |
(1,046,431 | ) | 1,040,440 | (3,015,127 | ) | (5,653 | ) | (1,564,303 | ) | |||||||||||
| Foreign currency related transactions |
(590,674 | ) | (584,803 | ) | (74,322 | ) | (118,409 | ) | 5,985 | |||||||||||
| Net realized loss |
(74,997,792 | ) | (45,078,074 | ) | (8,840,036 | ) | (11,691,791 | ) | (15,159,973 | ) | ||||||||||
| Net change in unrealized depreciation from: |
||||||||||||||||||||
| Investment transactions |
(184,587,872 | ) | (61,442,423 | ) | (12,614,763 | ) | (12,394,752 | ) | (8,951,571 | ) | ||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(8,213 | ) | (18,365 | ) | (8,319 | ) | (4,534 | ) | (37,912 | ) | ||||||||||
| Net change in unrealized depreciation |
(184,596,085 | ) | (61,460,788 | ) | (12,623,082 | ) | (12,399,286 | ) | (8,989,483 | ) | ||||||||||
| Net realized and unrealized loss on investments |
(259,593,877 | ) | (106,538,862 | ) | (21,463,118 | ) | (24,091,077 | ) | (24,149,456 | ) | ||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (244,129,800 | ) | $ | (97,875,071 | ) | $ | (20,070,677 | ) | $ | (22,341,795 | ) | $ | (22,421,716 | ) | |||||
| 1 |
Net of foreign withholding tax of $1,722,716, $980,827, $188,810, $240,472 and $216,679, respectively. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 101 |
Table of Contents
Statements of Operations (continued)
WisdomTree International Dividend Funds
For the Year Ended March 31, 2009
| WisdomTree Japan Total Dividend Fund |
WisdomTree Japan Equity Income Fund |
WisdomTree Japan SmallCap Dividend Fund |
WisdomTree Pacific ex-Japan Total Dividend Fund |
WisdomTree Pacific ex-Japan Equity Income Fund |
||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||
| Dividends1 |
$ | 534,997 | $ | 649,574 | $ | 1,625,335 | $ | 4,470,290 | $ | 2,774,078 | ||||||||||
| Interest |
97 | 192 | 919 | 3,136 | 5,461 | |||||||||||||||
| Net securities lending income (Note 2) |
1,089 | 5,108 | 111,143 | 30,809 | 17,138 | |||||||||||||||
| Total investment income |
536,183 | 654,874 | 1,737,397 | 4,504,235 | 2,796,677 | |||||||||||||||
| EXPENSES: |
||||||||||||||||||||
| Advisory fees (Note 3) |
138,164 | 165,967 | 444,535 | 412,230 | 237,509 | |||||||||||||||
| Service fees (Note 2) |
1,266 | 1,259 | 3,372 | 3,778 | 1,802 | |||||||||||||||
| Total expenses |
139,430 | 167,226 | 447,907 | 416,008 | 239,311 | |||||||||||||||
| Net investment income |
396,753 | 487,648 | 1,289,490 | 4,088,227 | 2,557,366 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||
| Investment transactions |
(2,435,891 | ) | (6,086,210 | ) | (7,606,443 | ) | (11,871,368 | ) | (13,602,554 | ) | ||||||||||
| In-kind redemptions |
(1,899,344 | ) | (1,917,237 | ) | 4,442,999 | (7,265,504 | ) | 579,403 | ||||||||||||
| Foreign currency related transactions |
22,455 | 31,142 | 75,158 | (87,483 | ) | (106,624 | ) | |||||||||||||
| Net realized loss |
(4,312,780 | ) | (7,972,305 | ) | (3,088,286 | ) | (19,224,355 | ) | (13,129,775 | ) | ||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||
| Investment transactions |
(8,035,885 | ) | (2,205,888 | ) | (20,674,801 | ) | (25,713,455 | ) | (14,787,852 | ) | ||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(2,354 | ) | (3,652 | ) | (19,706 | ) | 33,484 | 29,987 | ||||||||||||
| Net change in unrealized depreciation |
(8,038,239 | ) | (2,209,540 | ) | (20,694,507 | ) | (25,679,971 | ) | (14,757,865 | ) | ||||||||||
| Net realized and unrealized loss on investments |
(12,351,019 | ) | (10,181,845 | ) | (23,782,793 | ) | (44,904,326 | ) | (27,887,640 | ) | ||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (11,954,266 | ) | $ | (9,694,197 | ) | $ | (22,493,303 | ) | $ | (40,816,099 | ) | $ | (25,330,274 | ) | |||||
| 1 |
Net of foreign withholding tax of $39,721, $48,867, $122,151, $37,423 and $37,538, respectively. |
See Notes to Financial Statements.
| 102 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Operations (continued)
WisdomTree International Dividend Funds
For the Year Ended March 31, 2009
| WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex- Financials Fund |
WisdomTree International MidCap Dividend Fund |
WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||
| Dividends1 |
$ | 5,666,038 | $ | 15,452,038 | $ | 6,722,279 | $ | 17,791,600 | $ | 10,517,183 | ||||||||||
| Interest |
1,270 | — | 8,948 | 6,079 | — | |||||||||||||||
| Net securities lending income (Note 2) |
66,338 | 421,747 | 110,510 | 351,874 | 6,923 | |||||||||||||||
| Total investment income |
5,733,646 | 15,873,785 | 6,841,737 | 18,149,553 | 10,524,106 | |||||||||||||||
| EXPENSES: |
||||||||||||||||||||
| Advisory fees (Note 3) |
565,944 | 1,419,403 | 904,766 | 2,152,738 | 1,185,419 | |||||||||||||||
| Service fees (Note 2) |
5,188 | 10,767 | 6,864 | 16,331 | 8,278 | |||||||||||||||
| Total expenses |
571,132 | 1,430,170 | 911,630 | 2,169,069 | 1,193,697 | |||||||||||||||
| Net investment income |
5,162,514 | 14,443,615 | 5,930,107 | 15,980,484 | 9,330,409 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||
| Investment transactions |
(19,127,931 | ) | (85,369,243 | ) | (33,557,017 | ) | (121,507,307 | ) | (19,423,001 | ) | ||||||||||
| In-kind redemptions |
(2,766,934 | ) | (2,490,579 | ) | (12,913,301 | ) | 10,156,447 | 1,495,929 | ||||||||||||
| Foreign currency related transactions |
(310,005 | ) | (825,271 | ) | (270,571 | ) | (654,398 | ) | (347,044 | ) | ||||||||||
| Net realized loss |
(22,204,870 | ) | (88,685,093 | ) | (46,740,889 | ) | (112,005,258 | ) | (18,274,116 | ) | ||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||
| Investment transactions |
(52,810,418 | ) | (81,139,563 | ) | (59,882,558 | ) | (157,144,362 | ) | (84,030,528 | ) | ||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(1,610 | ) | 15,913 | (34,414 | ) | (157,951 | ) | 32,497 | ||||||||||||
| Net change in unrealized depreciation |
(52,812,028 | ) | (81,123,650 | ) | (59,916,972 | ) | (157,302,313 | ) | (83,998,031 | ) | ||||||||||
| Net realized and unrealized loss on investments |
(75,016,898 | ) | (169,808,743 | ) | (106,657,861 | ) | (269,307,571 | ) | (102,272,147 | ) | ||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (69,854,384 | ) | $ | (155,365,128 | ) | $ | (100,727,754 | ) | $ | (253,327,087 | ) | $ | (92,941,738 | ) | |||||
| 1 |
Net of foreign withholding tax of $607,815, $1,648,447, $625,189, $1,361,668 and $1,642,207, respectively. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 103 |
Table of Contents
Statements of Operations (concluded)
WisdomTree International Dividend Funds
For the Year Ended March 31, 2009
| WisdomTree Emerging Markets SmallCap Dividend Fund |
WisdomTree Middle East Dividend Fund* |
|||||||
| INVESTMENT INCOME: |
||||||||
| Dividends1 |
$ | 3,104,782 | $ | 307,762 | ||||
| Interest. |
— | 744 | ||||||
| Net securities lending income (Note 2) |
6,321 | — | ||||||
| Total investment income |
3,111,103 | 308,506 | ||||||
| EXPENSES: |
||||||||
| Advisory fees (Note 3) |
349,344 | 55,970 | ||||||
| Service fees (Note 2) |
2,440 | — | ||||||
| Custody/accounting |
— | 15,412 | ||||||
| Legal |
— | 9,347 | ||||||
| Audit/tax |
— | 25,879 | ||||||
| Printing |
— | 2,719 | ||||||
| Directors |
— | 5,966 | ||||||
| Other |
— | 7,491 | ||||||
| Total expenses |
351,784 | 122,784 | ||||||
| Expenses reimbursed (Note 3) |
— | (49,990 | ) | |||||
| Net expenses |
351,784 | 72,794 | ||||||
| Net investment income |
2,759,319 | 235,712 | ||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||
| Net realized gain (loss) from: |
||||||||
| Investment transactions |
(10,235,537 | ) | (3,033,486 | ) | ||||
| In-kind redemptions |
(112,381 | ) | — | |||||
| Foreign currency related transactions |
(153,088 | ) | (48,364 | ) | ||||
| Net realized loss |
(10,501,006 | ) | (3,081,850 | ) | ||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||
| Investment transactions |
(23,542,686 | ) | (6,572,480 | ) | ||||
| Translation of assets and liabilities denominated in foreign currencies |
2,197 | 4,280 | ||||||
| Net change in unrealized depreciation |
(23,540,489 | ) | (6,568,200 | ) | ||||
| Net realized and unrealized loss on investments |
(34,041,495 | ) | (9,650,050 | ) | ||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (31,282,176 | ) | $ | (9,414,338 | ) | ||
| * | Commencement of investment operations for the Middle East Dividend Fund is July 16, 2008. |
| 1 |
Net of foreign withholding tax of $475,269 and $12,573, respectively. |
See Notes to Financial Statements.
| 104 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Changes in Net Assets
WisdomTree International Dividend Funds
| WisdomTree DEFA Fund |
WisdomTree DEFA Equity Income Fund |
WisdomTree Europe Total Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 15,464,077 | $ | 7,518,034 | $ | 8,663,791 | $ | 8,265,649 | $ | 1,392,441 | $ | 1,259,697 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(74,997,792 | ) | (2,267,371 | ) | (45,078,074 | ) | 5,498,296 | (8,840,036 | ) | 774,106 | ||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(184,596,085 | ) | (32,236,651 | ) | (61,460,788 | ) | (24,920,627 | ) | (12,623,082 | ) | (3,180,080 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(244,129,800 | ) | (26,985,988 | ) | (97,875,071 | ) | (11,156,682 | ) | (20,070,677 | ) | (1,146,277 | ) | ||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
|
|||||||||||||||||||||||
| Net investment income |
(16,276,475 | ) | (5,488,381 | ) | (9,694,798 | ) | (7,747,821 | ) | (1,486,596 | ) | (1,174,072 | ) | ||||||||||||
| Capital gains |
— | (240 | ) | — | — | — | — | |||||||||||||||||
| Total dividends and distributions |
(16,276,475 | ) | (5,488,621 | ) | (9,694,798 | ) | (7,747,821 | ) | (1,486,596 | ) | (1,174,072 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
161,237,933 | 346,852,750 | 43,349,186 | 115,852,135 | 5,942,450 | 20,408,449 | ||||||||||||||||||
| Cost of shares redeemed |
(23,832,508 | ) | (17,295,234 | ) | (88,064,007 | ) | (41,038,331 | ) | (12,950,848 | ) | (12,874,231 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
137,405,425 | 329,557,516 | (44,714,821 | ) | 74,813,804 | (7,008,398 | ) | 7,534,218 | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(123,000,850 | ) | 297,082,907 | (152,284,690 | ) | 55,909,301 | (28,565,671 | ) | 5,213,869 | |||||||||||||||
| NET ASSETS: |
|
|||||||||||||||||||||||
| Beginning of year |
$ | 425,386,177 | $ | 128,303,270 | $ | 240,407,606 | $ | 184,498,305 | $ | 43,399,327 | $ | 38,185,458 | ||||||||||||
| End of year |
$ | 302,385,327 | $ | 425,386,177 | $ | 88,122,916 | $ | 240,407,606 | $ | 14,833,656 | $ | 43,399,327 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 1,453,194 | $ | 2,853,100 | $ | 129,136 | $ | 1,744,192 | $ | 83,144 | $ | 250,223 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||||||||||||||
| Shares outstanding, beginning of year |
6,750,000 | 2,000,000 | 4,000,000 | 2,900,000 | 700,000 | 600,000 | ||||||||||||||||||
| Shares created |
3,150,000 | 5,000,000 | 900,000 | 1,700,000 | 100,000 | 300,000 | ||||||||||||||||||
| Shares redeemed |
(450,000 | ) | (250,000 | ) | (1,800,000 | ) | (600,000 | ) | (300,000 | ) | (200,000 | ) | ||||||||||||
| Shares outstanding, end of year |
9,450,000 | 6,750,000 | 3,100,000 | 4,000,000 | 500,000 | 700,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 105 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
| WisdomTree Europe Equity Income Fund |
WisdomTree Europe SmallCap Dividend Fund |
WisdomTree Japan Total Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 1,749,282 | $ | 1,792,372 | $ | 1,727,740 | $ | 3,413,206 | $ | 396,753 | $ | 522,602 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(11,691,791 | ) | 2,456,461 | (15,159,973 | ) | 9,524,717 | (4,312,780 | ) | 968,250 | |||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(12,399,286 | ) | (7,055,046 | ) | (8,989,483 | ) | (20,721,463 | ) | (8,038,239 | ) | (8,204,133 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(22,341,795 | ) | (2,806,213 | ) | (22,421,716 | ) | (7,783,540 | ) | (11,954,266 | ) | (6,713,281 | ) | ||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
|
|||||||||||||||||||||||
| Net investment income |
(1,903,608 | ) | (1,825,335 | ) | (1,802,430 | ) | (4,161,022 | ) | (559,727 | ) | (383,514 | ) | ||||||||||||
| Capital gains |
— | (3,186 | ) | — | (477,202 | ) | — | — | ||||||||||||||||
| Total dividends and distributions |
(1,903,608 | ) | (1,828,521 | ) | (1,802,430 | ) | (4,638,224 | ) | (559,727 | ) | (383,514 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
11,191,402 | 20,573,785 | 5,396,168 | 37,322,160 | 23,587,836 | 5,571,115 | ||||||||||||||||||
| Cost of shares redeemed |
(15,281,113 | ) | (19,337,315 | ) | (14,483,079 | ) | (125,438,276 | ) | (20,865,377 | ) | (20,771,061 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(4,089,711 | ) | 1,236,470 | (9,086,911 | ) | (88,116,116 | ) | 2,722,459 | (15,199,946 | ) | ||||||||||||||
| Net Decrease in Net Assets |
(28,335,114 | ) | (3,398,264 | ) | (33,311,057 | ) | (100,537,880 | ) | (9,791,534 | ) | (22,296,741 | ) | ||||||||||||
| NET ASSETS: |
|
|||||||||||||||||||||||
| Beginning of year |
$ | 47,121,859 | $ | 50,520,123 | $ | 46,777,663 | $ | 147,315,543 | $ | 29,003,987 | $ | 51,300,728 | ||||||||||||
| End of year |
$ | 18,786,745 | $ | 47,121,859 | $ | 13,466,606 | $ | 46,777,663 | $ | 19,212,453 | $ | 29,003,987 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 29,123 | $ | 301,476 | $ | 85,533 | $ | 154,107 | $ | 202,032 | $ | 337,759 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||||||||||||||
| Shares outstanding, beginning of year |
800,000 | 800,000 | 800,000 | 2,100,000 | 600,000 | 900,000 | ||||||||||||||||||
| Shares created |
200,000 | 300,000 | 100,000 | 500,000 | 600,000 | 100,000 | ||||||||||||||||||
| Shares redeemed |
(300,000 | ) | (300,000 | ) | (300,000 | ) | (1,800,000 | ) | (600,000 | ) | (400,000 | ) | ||||||||||||
| Shares outstanding, end of year |
700,000 | 800,000 | 600,000 | 800,000 | 600,000 | 600,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 106 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
| WisdomTree Japan Equity Income Fund |
WisdomTree Japan SmallCap Dividend Fund |
WisdomTree Pacific ex-Japan Total Dividend Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 487,648 | $ | 618,395 | $ | 1,289,490 | $ | 1,151,582 | $ | 4,088,227 | $ | 5,512,629 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(7,972,305 | ) | 986,663 | (3,088,286 | ) | 1,193,067 | (19,224,355 | ) | 17,489,222 | |||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(2,209,540 | ) | (10,277,807 | ) | (20,694,507 | ) | (14,365,955 | ) | (25,679,971 | ) | (12,592,870 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from operations |
(9,694,197 | ) | (8,672,749 | ) | (22,493,303 | ) | (12,021,306 | ) | (40,816,099 | ) | 10,408,981 | |||||||||||||
| DIVIDENDS: |
|
|||||||||||||||||||||||
| Net investment income |
(623,658 | ) | (784,915 | ) | (1,401,224 | ) | (918,313 | ) | (5,131,577 | ) | (4,868,243 | ) | ||||||||||||
| Total dividends |
(623,658 | ) | (784,915 | ) | (1,401,224 | ) | (918,313 | ) | (5,131,577 | ) | (4,868,243 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
34,446,745 | 40,032,961 | 89,524,062 | 23,907,075 | 11,716,010 | 153,646,234 | ||||||||||||||||||
| Cost of shares redeemed |
(32,637,287 | ) | (95,890,444 | ) | (74,851,551 | ) | (35,086,783 | ) | (74,690,124 | ) | (87,508,588 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
1,809,458 | (55,857,483 | ) | 14,672,511 | (11,179,708 | ) | (62,974,114 | ) | 66,137,646 | |||||||||||||||
| Net Increase (Decrease) in Net Assets |
(8,508,397 | ) | (65,315,147 | ) | (9,222,016 | ) | (24,119,327 | ) | (108,921,790 | ) | 71,678,384 | |||||||||||||
| NET ASSETS: |
|
|||||||||||||||||||||||
| Beginning of year |
$ | 29,753,719 | $ | 95,068,866 | $ | 75,300,128 | $ | 99,419,455 | $ | 146,007,880 | $ | 74,329,496 | ||||||||||||
| End of year |
$ | 21,245,322 | $ | 29,753,719 | $ | 66,078,112 | $ | 75,300,128 | $ | 37,086,090 | $ | 146,007,880 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 238,931 | $ | 336,155 | $ | 779,958 | $ | 809,016 | $ | 166,898 | $ | 1,296,973 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||||||||||||||
| Shares outstanding, beginning of year |
600,000 | 1,600,000 | 1,700,000 | 1,900,000 | 2,000,000 | 1,100,000 | ||||||||||||||||||
| Shares created |
800,000 | 700,000 | 2,400,000 | 500,000 | 200,000 | 2,000,000 | ||||||||||||||||||
| Shares redeemed |
(800,000 | ) | (1,700,000 | ) | (2,000,000 | ) | (700,000 | ) | (1,200,000 | ) | (1,100,000 | ) | ||||||||||||
| Shares outstanding, end of year |
600,000 | 600,000 | 2,100,000 | 1,700,000 | 1,000,000 | 2,000,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 107 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
| WisdomTree Pacific ex-Japan Equity Income Fund |
WisdomTree International LargeCap Dividend Fund |
WisdomTree International Dividend ex-Financials Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 2,557,366 | $ | 4,461,046 | $ | 5,162,514 | $ | 3,855,138 | $ | 14,443,615 | $ | 13,519,358 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(13,129,775 | ) | 6,377,841 | (22,204,870 | ) | (1,933,751 | ) | (88,685,093 | ) | 12,109,246 | ||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(14,757,865 | ) | (12,074,415 | ) | (52,812,028 | ) | (6,766,866 | ) | (81,123,650 | ) | (44,615,205 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(25,330,274 | ) | (1,235,528 | ) | (69,854,384 | ) | (4,845,479 | ) | (155,365,128 | ) | (18,986,601 | ) | ||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
|
|||||||||||||||||||||||
| Net investment income |
(3,396,394 | ) | (4,520,878 | ) | (5,333,253 | ) | (3,447,145 | ) | (16,564,667 | ) | (12,188,598 | ) | ||||||||||||
| Capital gains |
— | (180,947 | ) | — | — | — | — | |||||||||||||||||
| Total dividends and distributions |
(3,396,394 | ) | (4,701,825 | ) | (5,333,253 | ) | (3,447,145 | ) | (16,564,667 | ) | (12,188,598 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
19,158,117 | 50,632,968 | 22,669,776 | 82,132,069 | 67,590,960 | 278,483,343 | ||||||||||||||||||
| Cost of shares redeemed |
(25,838,928 | ) | (74,934,514 | ) | (23,212,075 | ) | (6,749,879 | ) | (180,841,245 | ) | (135,566,511 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(6,680,811 | ) | (24,301,546 | ) | (542,299 | ) | 75,382,190 | (113,250,285 | ) | 142,916,832 | ||||||||||||||
| Net Increase (Decrease) in Net Assets |
(35,407,479 | ) | (30,238,899 | ) | (75,729,936 | ) | 67,089,566 | (285,180,080 | ) | 111,741,633 | ||||||||||||||
| NET ASSETS: |
|
|||||||||||||||||||||||
| Beginning of year |
$ | 56,966,467 | $ | 87,205,366 | $ | 154,658,380 | $ | 87,568,814 | $ | 390,485,069 | $ | 278,743,436 | ||||||||||||
| End of year |
$ | 21,558,988 | $ | 56,966,467 | $ | 78,928,444 | $ | 154,658,380 | $ | 105,304,989 | $ | 390,485,069 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 181,506 | $ | 1,127,104 | $ | 431,313 | $ | 911,152 | $ | 108,563 | $ | 3,054,886 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||||||||||||||
| Shares outstanding, beginning of year |
900,000 | 1,300,000 | 2,500,000 | 1,400,000 | 6,100,000 | 4,200,000 | ||||||||||||||||||
| Shares created |
300,000 | 700,000 | 500,000 | 1,200,000 | 1,100,000 | 3,900,000 | ||||||||||||||||||
| Shares redeemed |
(500,000 | ) | (1,100,000 | ) | (500,000 | ) | (100,000 | ) | (3,500,000 | ) | (2,000,000 | ) | ||||||||||||
| Shares outstanding, end of year |
700,000 | 900,000 | 2,500,000 | 2,500,000 | 3,700,000 | 6,100,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 108 | WisdomTree International Dividend Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
| WisdomTree International MidCap Dividend Fund |
WisdomTree International SmallCap Dividend Fund |
WisdomTree Emerging Markets Equity Income Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Period July 13, 2007* through March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 5,930,107 | $ | 7,047,605 | $ | 15,980,484 | $ | 14,098,203 | $ | 9,330,409 | $ | 2,395,869 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(46,740,889 | ) | 14,466,460 | (112,005,258 | ) | 13,814,111 | (18,274,116 | ) | (290,292 | ) | ||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(59,916,972 | ) | (38,272,072 | ) | (157,302,313 | ) | (91,341,062 | ) | (83,998,031 | ) | (1,208,342 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from operations |
(100,727,754 | ) | (16,758,007 | ) | (253,327,087 | ) | (63,428,748 | ) | (92,941,738 | ) | 897,235 | |||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
|
|||||||||||||||||||||||
| Net investment income |
(6,683,004 | ) | (6,337,642 | ) | (17,493,804 | ) | (12,285,036 | ) | (9,437,988 | ) | (1,268,919 | ) | ||||||||||||
| Capital gains |
— | (427,245 | ) | — | (516,519 | ) | — | — | ||||||||||||||||
| Total dividends and distributions |
(6,683,004 | ) | (6,764,887 | ) | (17,493,804 | ) | (12,801,555 | ) | (9,437,988 | ) | (1,268,919 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||||||||||||||
| Net proceeds from sale of shares |
40,945,171 | 206,685,452 | 97,916,304 | 363,319,045 | 137,978,782 | 166,184,876 | ||||||||||||||||||
| Cost of shares redeemed |
(64,304,797 | ) | (132,947,933 | ) | (65,549,182 | ) | (102,643,696 | ) | (24,057,509 | ) | — | |||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(23,359,626 | ) | 73,737,519 | 32,367,122 | 260,675,349 | 113,921,273 | 166,184,876 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(130,770,384 | ) | 50,214,625 | (238,453,769 | ) | 184,445,046 | 11,541,547 | 165,813,192 | ||||||||||||||||
| NET ASSETS: |
|
|||||||||||||||||||||||
| Beginning of period |
$ | 219,103,974 | $ | 168,889,349 | $ | 482,760,542 | $ | 298,315,496 | $ | 165,813,292 | $ | 100 | ||||||||||||
| End of period |
$ | 88,333,590 | $ | 219,103,974 | $ | 244,306,773 | $ | 482,760,542 | $ | 177,354,839 | $ | 165,813,292 | ||||||||||||
| Undistributed net investment income included in net assets at end of period |
$ | 389,124 | $ | 1,371,967 | $ | 1,642,627 | $ | 3,783,074 | $ | 786,207 | $ | 1,228,203 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||||||||||||||
| Shares outstanding, beginning of period |
3,500,000 | 2,500,000 | 7,900,000 | 4,400,000 | 3,200,002 | — | ||||||||||||||||||
| Shares created |
700,000 | 2,900,000 | 1,800,000 | 5,100,000 | 3,000,000 | 3,200,002 | ||||||||||||||||||
| Shares redeemed |
(1,400,000 | ) | (1,900,000 | ) | (1,300,000 | ) | (1,600,000 | ) | (500,002 | ) | — | |||||||||||||
| Shares outstanding, end of period |
2,800,000 | 3,500,000 | 8,400,000 | 7,900,000 | 5,700,000 | 3,200,002 | ||||||||||||||||||
| * | Commencement of investment operations. |
See Notes to Financial Statements.
| WisdomTree International Dividend Funds | 109 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree International Dividend Funds
| WisdomTree Emerging Markets SmallCap Dividend Fund |
WisdomTree Middle East Dividend Fund |
|||||||||||
| For the Year Ended March 31, 2009 |
For the Period October 30, 2007* through March 31, 2008 |
For the Period July 16, 2008* through March 31, 2009 |
||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||
| Net investment income |
$ | 2,759,319 | $ | 285,373 | $ | 235,712 | ||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(10,501,006 | ) | (813,422 | ) | (3,081,850 | ) | ||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(23,540,489 | ) | (3,076,330 | ) | (6,568,200 | ) | ||||||
| Net decrease in net assets resulting from operations |
(31,282,176 | ) | (3,604,379 | ) | (9,414,338 | ) | ||||||
| DIVIDENDS: |
|
|||||||||||
| Net investment income |
(2,648,831 | ) | (33,677 | ) | — | |||||||
| Total dividends |
(2,648,831 | ) | (33,677 | ) | — | |||||||
| CAPITAL SHARE TRANSACTIONS: |
|
|||||||||||
| Net proceeds from sale of shares |
44,020,889 | 56,379,470 | 20,350,628 | |||||||||
| Cost of shares redeemed |
(11,125,217 | ) | — | (3,657,697 | ) | |||||||
| Net increase in net assets resulting from capital share transactions |
32,895,672 | 56,379,470 | 16,692,931 | |||||||||
| Net Increase (decrease) in Net Assets |
(1,035,335 | ) | 52,741,414 | 7,278,593 | ||||||||
| NET ASSETS: |
|
|||||||||||
| Beginning of period |
$ | 52,741,514 | $ | 100 | $ | — | ||||||
| End of period |
$ | 51,706,179 | $ | 52,741,514 | $ | 7,278,593 | ||||||
| Undistributed net investment income included in net assets at end of period |
$ | 151,662 | $ | 159,265 | $ | 187,348 | ||||||
| SHARES CREATED AND REDEEMED: |
|
|||||||||||
| Shares outstanding, beginning of period |
1,200,002 | — | — | |||||||||
| Shares created |
1,300,000 | 1,200,002 | 900,004 | |||||||||
| Shares redeemed |
(400,002 | ) | — | (300,000 | ) | |||||||
| Shares outstanding, end of period |
2,100,000 | 1,200,002 | 600,004 | |||||||||
| * | Commencement of investment operations. |
See Notes to Financial Statements.
| 110 | WisdomTree International Dividend Funds |
Table of Contents
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree DEFA Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 63.02 | $ | 64.15 | $ | 49.94 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.89 | 1.70 | 0.86 | |||||||||
| Net realized and unrealized gain (loss) |
(31.04 | ) | (1.92 | ) | 13.58 | |||||||
| Total from investment operations |
(29.15 | ) | (0.22 | ) | 14.44 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.87 | ) | (0.91 | ) | (0.21 | ) | ||||||
| Capital gains |
— | (0.00 | )3 | (0.02 | ) | |||||||
| Total dividends and distributions to shareholders |
(1.87 | ) | (0.91 | ) | (0.23 | ) | ||||||
| Net asset value, end of period |
$ | 32.00 | $ | 63.02 | $ | 64.15 | ||||||
| TOTAL RETURN4 |
(46.61 | )% | (0.44 | )% | 28.94 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 302,385 | $ | 425,386 | $ | 128,303 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | %5 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.51 | %5 | ||||||
| Net investment income |
4.01 | % | 2.54 | % | 1.97 | %5 | ||||||
| Portfolio turnover rate6 |
30 | % | 10 | % | 11 | % | ||||||
|
WisdomTree DEFA Equity Income Fund |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 60.10 | $ | 63.62 | $ | 49.77 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.45 | 2.20 | 1.19 | |||||||||
| Net realized and unrealized gain (loss) |
(31.09 | ) | (3.78 | ) | 12.94 | |||||||
| Total from investment operations |
(28.64 | ) | (1.58 | ) | 14.13 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(3.03 | ) | (1.94 | ) | (0.28 | ) | ||||||
| Total dividends to shareholders |
(3.03 | ) | (1.94 | ) | (0.28 | ) | ||||||
| Net asset value, end of period |
$ | 28.43 | $ | 60.10 | $ | 63.62 | ||||||
| TOTAL RETURN4 |
(48.27 | )% | (2.72 | )% | 28.41 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 88,123 | $ | 240,408 | $ | 184,498 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.61 | %5 | ||||||
| Net investment income |
5.27 | % | 3.32 | % | 2.71 | %5 | ||||||
| Portfolio turnover rate6 |
40 | % | 16 | % | 19 | % | ||||||
| 1 |
Commencement of investment operations. |
| 2 |
Based on average shares outstanding. |
| 3 |
Amount is less than $0.005. |
| 4 |
Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 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 Funds | 111 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe Total Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 62.00 | $ | 63.64 | $ | 49.95 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.15 | 1.71 | 0.73 | |||||||||
| Net realized and unrealized gain (loss) |
(32.00 | ) | (1.88 | ) | 13.17 | |||||||
| Total from investment operations |
(29.85 | ) | (0.17 | ) | 13.90 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(2.48 | ) | (1.47 | ) | (0.21 | ) | ||||||
| Capital gains |
— | — | (0.00 | )3 | ||||||||
| Total dividends and distributions to shareholders |
(2.48 | ) | (1.47 | ) | (0.21 | ) | ||||||
| Net asset value, end of period |
$ | 29.67 | $ | 62.00 | $ | 63.64 | ||||||
| TOTAL RETURN4 |
(48.70 | )% | (0.43 | )% | 27.84 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 14,834 | $ | 43,399 | $ | 38,185 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | %5 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.58 | %5 | ||||||
| Net investment income |
4.49 | % | 2.55 | % | 1.71 | %5 | ||||||
| Portfolio turnover rate6 |
35 | % | 15 | % | 24 | % | ||||||
| WisdomTree Europe Equity Income Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 58.90 | $ | 63.15 | $ | 49.83 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.32 | 2.16 | 1.09 | |||||||||
| Net realized and unrealized gain (loss) |
(31.66 | ) | (4.38 | ) | 12.55 | |||||||
| Total from investment operations |
(29.34 | ) | (2.22 | ) | 13.64 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(2.72 | ) | (2.03 | ) | (0.32 | ) | ||||||
| Capital gains |
— | (0.00 | )3 | — | ||||||||
| Total dividends and distributions to shareholders |
(2.72 | ) | (2.03 | ) | (0.32 | ) | ||||||
| Net asset value, end of period |
$ | 26.84 | $ | 58.90 | $ | 63.15 | ||||||
| TOTAL RETURN4 |
(50.56 | )% | (3.76 | )% | 27.39 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 18,787 | $ | 47,122 | $ | 50,520 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.65 | %5 | ||||||
| Net investment income |
5.16 | % | 3.32 | % | 2.44 | %5 | ||||||
| Portfolio turnover rate6 |
47 | % | 21 | % | 24 | % | ||||||
| 1 |
Commencement of investment operations. |
| 2 |
Based on average shares outstanding. |
| 3 |
Amount represents less than $0.005. |
| 4 |
Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Note 2). |
| 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.
| 112 | WisdomTree International Dividend Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Europe SmallCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 58.47 | $ | 70.15 | $ | 50.42 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.50 | 2.32 | 1.31 | |||||||||
| Net realized and unrealized gain (loss) |
(35.53 | ) | (9.78 | ) | 18.89 | |||||||
| Total from investment operations |
(33.03 | ) | (7.46 | ) | 20.20 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(3.00 | ) | (4.22 | ) | (0.47 | ) | ||||||
| Total dividends to shareholders |
(3.00 | ) | (4.22 | ) | (0.47 | ) | ||||||
| Net asset value, end of period |
$ | 22.44 | $ | 58.47 | $ | 70.15 | ||||||
| TOTAL RETURN3 |
(56.75 | )% | (10.72 | )% | 40.14 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 13,467 | $ | 46,778 | $ | 147,316 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.62 | %4 | ||||||
| Net investment income |
6.03 | % | 3.33 | % | 2.99 | %4 | ||||||
| Portfolio turnover rate5 |
63 | % | 22 | % | 47 | % | ||||||
| WisdomTree Japan Total Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 48.34 | $ | 57.00 | $ | 50.32 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.57 | 0.64 | 0.56 | |||||||||
| Net realized and unrealized gain (loss) |
(16.09 | ) | (8.82 | ) | 6.33 | |||||||
| Total from investment operations |
(15.52 | ) | (8.18 | ) | 6.89 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.80 | ) | (0.48 | ) | (0.21 | ) | ||||||
| Total dividends to shareholders |
(0.80 | ) | (0.48 | ) | (0.21 | ) | ||||||
| Net asset value, end of period |
$ | 32.02 | $ | 48.34 | $ | 57.00 | ||||||
| TOTAL RETURN3 |
(32.36 | )% | (14.39 | )% | 13.71 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 19,212 | $ | 29,004 | $ | 51,301 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.48 | % | 0.48 | % | 0.54 | %4 | ||||||
| Net investment income |
1.38 | % | 1.17 | % | 1.40 | %4 | ||||||
| Portfolio turnover rate5 |
11 | % | 1 | % | 6 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Funds | 113 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Japan Equity Income Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 49.59 | $ | 59.42 | $ | 50.14 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.75 | 0.65 | 1.18 | |||||||||
| Net realized and unrealized gain (loss) |
(13.89 | ) | (9.50 | ) | 8.44 | |||||||
| Total from investment operations |
(13.14 | ) | (8.85 | ) | 9.62 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(1.04 | ) | (0.98 | ) | (0.34 | ) | ||||||
| Total dividends to shareholders |
(1.04 | ) | (0.98 | ) | (0.34 | ) | ||||||
| Net asset value, end of period |
$ | 35.41 | $ | 49.59 | $ | 59.42 | ||||||
| TOTAL RETURN3 |
(26.84 | )% | (14.96 | )% | 19.22 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 21,245 | $ | 29,754 | $ | 95,069 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.64 | %4 | ||||||
| Net investment income |
1.70 | % | 1.18 | % | 3.00 | %4 | ||||||
| Portfolio turnover rate5 |
47 | % | 1 | % | 6 | % | ||||||
| WisdomTree Japan SmallCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 44.29 | $ | 52.33 | $ | 50.69 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.64 | 0.69 | 0.95 | |||||||||
| Net realized and unrealized gain (loss) |
(12.97 | ) | (8.12 | ) | 0.74 | |||||||
| Total from investment operations |
(12.33 | ) | (7.43 | ) | 1.69 | |||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(0.49 | ) | (0.61 | ) | (0.05 | ) | ||||||
| Total dividends to shareholders |
(0.49 | ) | (0.61 | ) | (0.05 | ) | ||||||
| Net asset value, end of period |
$ | 31.47 | $ | 44.29 | $ | 52.33 | ||||||
| TOTAL RETURN3 |
(27.98 | )% | (14.23 | )% | 3.34 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 66,078 | $ | 75,300 | $ | 99,419 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.64 | %4 | ||||||
| Net investment income |
1.68 | % | 1.44 | % | 2.75 | %4 | ||||||
| Portfolio turnover rate5 |
16 | % | 3 | % | 25 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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.
| 114 | WisdomTree International Dividend Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Pacific ex-Japan Total Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 73.00 | $ | 67.57 | $ | 49.71 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.86 | 2.69 | 1.40 | |||||||||
| Net realized and unrealized gain (loss) |
(34.08 | ) | 4.61 | 16.85 | ||||||||
| Total from investment operations |
(31.22 | ) | 7.30 | 18.25 | ||||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(4.69 | ) | (1.87 | ) | (0.39 | ) | ||||||
| Total dividends to shareholders |
(4.69 | ) | (1.87 | ) | (0.39 | ) | ||||||
| Net asset value, end of period |
$ | 37.09 | $ | 73.00 | $ | 67.57 | ||||||
| TOTAL RETURN3 |
(42.77 | )% | (10.58 | )% | 36.80 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 37,086 | $ | 146,008 | $ | 74,329 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.48 | % | 0.48 | % | 0.48 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.48 | % | 0.48 | % | 0.54 | %4 | ||||||
| Net investment income |
4.76 | % | 3.42 | % | 3.31 | %4 | ||||||
| Portfolio turnover rate5 |
31 | % | 12 | % | 21 | % | ||||||
| WisdomTree Pacific ex-Japan Equity Income Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 63.30 | $ | 67.08 | $ | 49.02 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
3.00 | 3.24 | 2.18 | |||||||||
| Net realized and unrealized gain (loss) |
(31.22 | ) | (3.40 | ) | 16.40 | |||||||
| Total from investment operations |
(28.22 | ) | (0.16 | ) | 18.58 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(4.28 | ) | (3.48 | ) | (0.52 | ) | ||||||
| Capital gains |
— | (0.14 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(4.28 | ) | (3.62 | ) | (0.52 | ) | ||||||
| Net asset value, end of period |
$ | 30.80 | $ | 63.30 | $ | 67.08 | ||||||
| TOTAL RETURN3 |
(44.42 | )% | (0.69 | )% | 38.02 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 21,559 | $ | 56,966 | $ | 87,205 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.63 | %4 | ||||||
| Net investment income |
6.25 | % | 4.42 | % | 5.11 | %4 | ||||||
| Portfolio turnover rate5 |
55 | % | 16 | % | 7 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Funds | 115 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International LargeCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 61.86 | $ | 62.55 | $ | 49.86 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.11 | 1.80 | 0.85 | |||||||||
| Net realized and unrealized gain (loss) |
(29.98 | ) | (1.11 | ) | 12.14 | |||||||
| Total from investment operations |
(27.87 | ) | 0.69 | 12.99 | ||||||||
| Dividends to shareholders: |
||||||||||||
| Net investment income |
(2.42 | ) | (1.38 | ) | (0.30 | ) | ||||||
| Total dividends to shareholders |
(2.42 | ) | (1.38 | ) | (0.30 | ) | ||||||
| Net asset value, end of period |
$ | 31.57 | $ | 61.86 | $ | 62.55 | ||||||
| TOTAL RETURN3 |
(45.57 | )% | 0.93 | % | 26.08 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 78,928 | $ | 154,658 | $ | 87,569 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.48 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.48 | % | 0.48 | % | 0.52 | %4 | ||||||
| Net investment income |
4.38 | % | 2.69 | % | 1.99 | %4 | ||||||
| Portfolio turnover rate5 |
30 | % | 15 | % | 8 | % | ||||||
| WisdomTree International Dividend ex-Financials Fund† | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 64.01 | $ | 66.37 | $ | 49.77 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
2.93 | 2.29 | 1.03 | |||||||||
| Net realized and unrealized gain (loss) |
(34.43 | ) | (2.86 | ) | 15.80 | |||||||
| Total from investment operations |
(31.50 | ) | (0.57 | ) | 16.83 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(4.05 | ) | (1.79 | ) | (0.22 | ) | ||||||
| Capital gains |
— | — | (0.01 | ) | ||||||||
| Total dividends and distributions to shareholders |
(4.05 | ) | (1.79 | ) | (0.23 | ) | ||||||
| Net asset value, end of period |
$ | 28.46 | $ | 64.01 | $ | 66.37 | ||||||
| TOTAL RETURN3 |
(49.95 | )% | (1.05 | )% | 33.83 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 105,305 | $ | 390,485 | $ | 278,743 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.60 | %4 | ||||||
| Net investment income |
5.90 | % | 3.28 | % | 2.30 | %4 | ||||||
| Portfolio turnover rate5 |
55 | % | 24 | % | 8 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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. |
| † |
Formerly WisdomTree International Dividend Top 100 Fund; data presented is under former strategy. |
See Notes to Financial Statements.
| 116 | WisdomTree International Dividend Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International MidCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 62.60 | $ | 67.56 | $ | 50.13 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.82 | 1.92 | 1.08 | |||||||||
| Net realized and unrealized gain (loss) |
(30.64 | ) | (4.95 | ) | 16.73 | |||||||
| Total from investment operations |
(28.82 | ) | (3.03 | ) | 17.81 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(2.23 | ) | (1.81 | ) | (0.38 | ) | ||||||
| Capital gains |
— | (0.12 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(2.23 | ) | (1.93 | ) | (0.38 | ) | ||||||
| Net asset value, end of period |
$ | 31.55 | $ | 62.60 | $ | 67.56 | ||||||
| TOTAL RETURN3 |
(46.43 | )% | (4.61 | )% | 35.57 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 88,334 | $ | 219,104 | $ | 168,889 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.61 | %4 | ||||||
| Net investment income |
3.80 | % | 2.76 | % | 2.53 | %4 | ||||||
| Portfolio turnover rate5 |
32 | % | 18 | % | 44 | % | ||||||
| WisdomTree International SmallCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period June 16, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 61.11 | $ | 67.80 | $ | 50.35 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.91 | 1.86 | 1.43 | |||||||||
| Net realized and unrealized gain (loss) |
(31.83 | ) | (7.08 | ) | 16.28 | |||||||
| Total from investment operations |
(29.92 | ) | (5.22 | ) | 17.71 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(2.11 | ) | (1.41 | ) | (0.26 | ) | ||||||
| Capital gains |
— | (0.06 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(2.11 | ) | (1.47 | ) | (0.26 | ) | ||||||
| Net asset value, end of period |
$ | 29.08 | $ | 61.11 | $ | 67.80 | ||||||
| TOTAL RETURN3 |
(49.23 | )% | (7.79 | )% | 35.21 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 244,307 | $ | 482,761 | $ | 298,315 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements/waivers |
0.58 | % | 0.58 | % | 0.60 | %4 | ||||||
| Net investment income |
4.31 | % | 2.71 | % | 3.33 | %4 | ||||||
| Portfolio turnover rate5 |
43 | % | 17 | % | 39 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Funds | 117 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Emerging Markets Equity Income Fund | For the Year Ended March 31, 2009 |
For the Period July 13, 20071 through March 31, 2008 |
||||||
| Net asset value, beginning of period |
$ | 51.82 | $ | 50.68 | ||||
| Investment operations: |
||||||||
| Net investment income2 |
2.01 | 1.12 | ||||||
| Net realized and unrealized gain (loss) |
(20.76 | ) | 0.51 | |||||
| Total from investment operations |
(18.75 | ) | 1.63 | |||||
| Dividends to shareholders: |
||||||||
| Net investment income |
(1.96 | ) | (0.49 | ) | ||||
| Total dividends to shareholders |
(1.96 | ) | (0.49 | ) | ||||
| Net asset value, end of period |
$ | 31.11 | $ | 51.82 | ||||
| TOTAL RETURN3 |
(36.21 | )% | 3.23 | % | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 177,355 | $ | 165,813 | ||||
| Ratio to average net assets of: |
||||||||
| Net expenses |
0.63 | % | 0.63 | %4 | ||||
| Net investment income |
4.96 | % | 3.18 | %4 | ||||
| Portfolio turnover rate5 |
67 | % | 3 | % | ||||
| WisdomTree Emerging Markets SmallCap Dividend Fund | For the Year Ended March 31, 2009 |
For the Period October 30, 20071 through March 31, 2008 |
||||||
| Net asset value, beginning of period |
$ | 43.95 | $ | 51.50 | ||||
| Investment operations: |
||||||||
| Net investment income2 |
1.56 | 0.37 | ||||||
| Net realized and unrealized loss |
(19.57 | ) | (7.87 | ) | ||||
| Total from investment operations |
(18.01 | ) | (7.50 | ) | ||||
| Dividends to shareholders: |
||||||||
| Net investment income |
(1.32 | ) | (0.05 | ) | ||||
| Total dividends to shareholders |
(1.32 | ) | (0.05 | ) | ||||
| Net asset value, end of period |
$ | 24.62 | $ | 43.95 | ||||
| TOTAL RETURN3 |
(40.81 | )% | (14.57 | )% | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 51,706 | $ | 52,742 | ||||
| Ratio to average net assets of: |
||||||||
| Net expenses |
0.63 | % | 0.63 | %4 | ||||
| Net investment income |
4.98 | % | 1.99 | %4 | ||||
| Portfolio turnover rate5 |
64 | % | 6 | % | ||||
| 1 |
Commencement of investment operations. |
| 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 be reimbursed/waived by the investment adviser (Note 2). |
| 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.
| 118 | WisdomTree International Dividend Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree International Dividend Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Middle East Dividend Fund | For the Period July 16, 20081 through March 31, 2009 |
|||
| Net asset value, beginning of period |
$ | 24.59 | ||
| Investment operations: |
||||
| Net investment income2 |
0.32 | |||
| Net realized and unrealized loss |
(12.78 | ) | ||
| Total from investment operations |
(12.46 | ) | ||
| Net asset value, end of period |
$ | 12.13 | ||
| TOTAL RETURN3 |
(50.67 | )% | ||
| RATIOS/SUPPLEMENTAL DATA: |
||||
| Net assets, end of period (000’s omitted) |
$ | 7,279 | ||
| Ratio to average net assets of: |
||||
| Expenses, net of expense reimbursements/waivers |
0.88 | %4 | ||
| Expenses, prior to expense reimbursements/waivers |
1.49 | %4 | ||
| Net investment income |
2.86 | %4 | ||
| Portfolio turnover rate5 |
26 | % | ||
| 1 |
Commencement of investment operations. |
| 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 be reimbursed/waived by the investment adviser (Note 2). |
| 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 Funds | 119 |
Table of Contents
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 pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2009, the Trust offered 50 investment funds (each a “Fund,” collectively, the “Funds”). The Funds described herein, commenced operations on June 16, 2006, with the exception of WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund and WisdomTree Middle East Dividend Fund which commenced operations on July 13, 2007, October 30, 2007 and July 16, 2008, respectively.
These financial statements relate only to the WisdomTree DEFA Fund (“DEFA Fund”), WisdomTree DEFA Equity Income Fund, formerly WisdomTree DEFA High-Yielding Equity Fund (“DEFA Equity Income Fund”), WisdomTree Europe Total Dividend Fund (“Europe Total Dividend Fund”), WisdomTree Europe Equity Income Fund, formerly WisdomTree Europe High-Yielding Equity Fund (“Europe Equity Income Fund”), WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”), WisdomTree Japan Total Dividend Fund (“Japan Total Dividend Fund”), WisdomTree Japan Equity Income Fund, formerly WisdomTree Japan High-Yielding Equity Fund (“Japan Equity Income Fund”), WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”), WisdomTree Pacific ex-Japan Total Dividend Fund (“Pacific ex-Japan Total Dividend Fund”), WisdomTree Pacific ex-Japan Equity Income Fund, formerly WisdomTree Pacific ex-Japan High-Yielding Equity Fund (“Pacific ex-Japan Equity Income Fund”), WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”), WisdomTree International Dividend ex-Financials Fund, formerly the WisdomTree International Dividend Top 100 Fund (“International Dividend ex-Financials Fund”), WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”), WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”), WisdomTree Emerging Markets Equity Income Fund, formerly WisdomTree Emerging Markets High-Yielding Equity Fund (“Emerging Markets Equity Income Fund”), WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”), and WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”), together the “International Dividend Funds”.
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). Each Fund described herein is considered to be non-diversified.
2. SIGNIFICANT ACCOUNTING POLICIES
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.
Use of Estimates — The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The Net Asset Value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. 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 Fund 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.
Fair Value Measurement — Effective April 1, 2008, the Funds adopted Financial Accounting (“FAS 157”), Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157 Fair Value Measurements. This standard defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosure about fair value measurements. Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below.
Level 1 – quoted prices in active markets for identical securities
| 120 | WisdomTree International Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumption in determining the fair value of investments)
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 net asset value is computed and that may materially affect the value of the Fund’s investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict and acts of terrorism.
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2009 in valuing each Fund’s assets carried at fair value:
| Fund | Level 1 — Quoted Prices Valuation Inputs |
Level 2 — Other Significant Observable Inputs |
Level 3 — Significant Unobservable Inputs |
Total | |||||||
| DEFA Fund |
$296,555,543 | $ | 2,930,558 | $ | 90,390 | $ | 299,576,491 | ||||
| DEFA Equity Income Fund |
86,523,657 | 863,728 | 83,193 | 87,470,578 | |||||||
| Europe Total Dividend Fund |
14,619,302 | 471,565 | 3,898 | 15,094,765 | |||||||
| Europe Equity Income Fund |
18,289,078 | 839,116 | 12,272 | 19,140,466 | |||||||
| Europe SmallCap Dividend Fund |
13,358,517 | 116,642 | 34,069 | 13,509,228 | |||||||
| Japan Total Dividend Fund |
18,647,738 | 275,608 | — | 18,923,346 | |||||||
| Japan Equity Income Fund |
20,748,350 | 282,220 | — | 21,030,570 | |||||||
| Japan SmallCap Dividend Fund |
64,368,247 | 4,173,490 | — | 68,541,737 | |||||||
| Pacific ex-Japan Total Dividend Fund |
36,074,880 | 339,348 | 102,910 | 36,517,138 | |||||||
| Pacific ex-Japan Equity Income Fund |
20,949,080 | — | 82,865 | 21,031,945 | |||||||
| International LargeCap Dividend Fund |
77,252,074 | 806,276 | — | 78,058,350 | |||||||
| International Dividend Top 100 Fund |
104,219,865 | 453,022 | — | 104,672,887 | |||||||
| International MidCap Dividend Fund |
86,877,760 | 399,312 | 55,963 | 87,332,649 | |||||||
| International SmallCap Dividend Fund |
238,877,760 | 636,027 | 1,207,451 | 240,721,238 | |||||||
| Emerging Markets Equity Income Fund |
173,543,146 | 2,234,168 | — | 175,777,314 | |||||||
| Emerging Markets SmallCap Dividend Fund |
50,302,571 | 94,942 | — | 50,397,513 | |||||||
| Middle East Dividend Fund |
7,466,647 | 32,680 | 147,943 | 7,647,270 | |||||||
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| DEFA Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 629,610 | ||
| Realized gain (loss) |
(739,406 | ) | ||
| Change in unrealized appreciation (depreciation) |
33,085 | |||
| Net purchases (sales) |
167,101 | |||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | 90,390 | ||
| DEFA Equity Income Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 14,863 | ||
| Realized gain (loss) |
(117,465 | ) | ||
| Change in unrealized appreciation (depreciation) |
(183,492 | ) | ||
| Net purchases (sales) |
57,278 | |||
| Transfers in/out |
312,009 | |||
| Balance as of March 31, 2009 |
$ | 83,193 | ||
| WisdomTree International Dividend Funds | 121 |
Table of Contents
Notes to Financial Statements (continued)
| Europe Total Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 30,693 | ||
| Realized gain (loss) |
(39,963 | ) | ||
| Change in unrealized appreciation (depreciation) |
(20,526 | ) | ||
| Net purchases (sales) |
(1,728 | ) | ||
| Transfers in/out |
35,422 | |||
| Balance as of March 31, 2009 |
$ | 3,898 | ||
| Europe Equity Income Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | — | ||
| Realized gain (loss) |
(9,210 | ) | ||
| Change in unrealized appreciation (depreciation) |
(83,523 | ) | ||
| Net purchases (sales) |
(4,608 | ) | ||
| Transfers in/out |
109,613 | |||
| Balance as of March 31, 2009 |
$ | 12,272 | ||
| Europe SmallCap Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 71,946 | ||
| Realized gain (loss) |
(164,813 | ) | ||
| Change in unrealized appreciation (depreciation) |
(153,067 | ) | ||
| Net purchases (sales) |
(247,911 | ) | ||
| Transfers in/out |
527,914 | |||
| Balance as of March 31, 2009 |
$ | 34,069 | ||
| Pacific ex-Japan Total Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 529,899 | ||
| Realized gain (loss) |
(607,077 | ) | ||
| Change in unrealized appreciation (depreciation) |
153,015 | |||
| Net purchases (sales) |
(3,493 | ) | ||
| Transfers in/out |
30,566 | |||
| Balance as of March 31, 2009 |
$ | 102,910 | ||
| Pacific ex-Japan Equity Income Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 77,602 | ||
| Realized gain (loss) |
(417,948 | ) | ||
| Change in unrealized appreciation (depreciation) |
250,969 | |||
| Net purchases (sales) |
172,242 | |||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | 82,865 | ||
| International Midcap Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | — | ||
| Realized gain (loss) |
(513,182 | ) | ||
| Change in unrealized appreciation (depreciation) |
63,411 | |||
| Net purchases (sales) |
405,802 | |||
| Transfers in/out |
99,932 | |||
| Balance as of March 31, 2009 |
$ | 55,963 | ||
| 122 | WisdomTree International Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
| International SmallCap Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 3,460,371 | ||
| Realized gain (loss) |
(2,317,806 | ) | ||
| Change in unrealized appreciation (depreciation) |
(1,574,188 | ) | ||
| Net purchases (sales) |
(932,057 | ) | ||
| Transfers in/out |
2,571,131 | |||
| Balance as of March 31, 2009 |
$ | 1,207,451 | ||
| Emerging Markets Equity Income Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 135,721 | ||
| Realized gain (loss) |
27,470 | |||
| Change in unrealized appreciation (depreciation) |
(9,470 | ) | ||
| Net purchases (sales) |
(153,721 | ) | ||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | — | ||
| Emerging Markets SmallCap Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 195,115 | ||
| Realized gain (loss) |
39,699 | |||
| Change in unrealized appreciation (depreciation) |
(6,835 | ) | ||
| Net purchases (sales) |
(227,979 | ) | ||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | — | ||
| Middle East Dividend Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | — | ||
| Realized gain (loss) |
— | |||
| Change in unrealized appreciation (depreciation) |
(151,282 | ) | ||
| Net purchases (sales) |
299,225 | |||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | 147,943 | ||
Investment Transactions — 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.
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 deemed appropriate by the investment adviser. Realized and unrealized foreign exchange gains or losses on investments are included as a component of net realized and unrealized gain or loss on foreign currency transactions in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of ordinary income in accordance with U.S. Federal income tax regulations.
Investment Income — Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses/Reimbursements — WisdomTree Asset Management, Inc. (“WTAM”) has agreed to pay all expenses of the Funds (other than the Middle East Dividend 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds (other than the Middle East Dividend Fund), and is liable and responsible for, and administers, payments to the CCO, the
| WisdomTree International Dividend Funds | 123 |
Table of Contents
Notes to Financial Statements (continued)
Independent Trustees and counsel to the Independent Trustees, in exchange for a service fee paid by each Fund, of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $397,376 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the year ended March 31, 2009. Expenses in excess of 0.0044% were paid by WTAM. WTAM has agreed to limit the total expenses of the Middle East Dividend Fund to 0.88% through March 31, 2009 and waived $49,990 for the same period.
Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds 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 Transactions — A forward foreign currency exchange 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.
Risks may arise upon entering into forward contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. Dollar or each other.
Fluctuations in the value of open forward contracts are recorded for book purposes as unrealized gains or losses on forward foreign currency contracts by the Funds. Realized gains and losses on forward foreign currency contracts include net gains or losses recognized by the Funds on contracts which have matured.
The following forward currency exchange contracts were open at March 31, 2009:
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||
| DEFA Fund |
04/01/09 | SGD | 2,371 | USD | 1,566 | $ | 6 | |||||||
| 04/02/09 | EUR | 5,526 | USD | 7,275 | (62 | ) | ||||||||
| 04/02/09 | EUR | 304,634 | USD | 403,000 | (1,462 | ) | ||||||||
| 04/02/09 | AUD | 350,953 | USD | 243,000 | (842 | ) | ||||||||
| 04/02/09 | CHF | 165,808 | USD | 145,000 | (823 | ) | ||||||||
| 04/02/09 | GBP | 110,474 | USD | 158,000 | (348 | ) | ||||||||
| 04/03/09 | SGD | 1,568 | USD | 1,031 | — | |||||||||
| 04/03/09 | JPY | 8,562,586 | USD | 86,693 | 1 | |||||||||
| 04/03/09 | EUR | 4,182 | USD | 5,552 | — | |||||||||
| $ | (3,530 | ) | ||||||||||||
| DEFA Equity Income Fund |
4/02/09 | AUD | 115,540 | USD | 80,000 | $ | (277 | ) | ||||||
| 4/02/09 | EUR | 678 | USD | 892 | (8 | ) | ||||||||
| 4/03/09 | JPY | 2,759,842 | USD | 27,943 | — | |||||||||
| 4/03/09 | EUR | 512 | USD | 680 | — | |||||||||
| $ | (285 | ) | ||||||||||||
| Europe Equity Income Fund |
4/2/09 | GBP | 13,984 | USD | 20,000 | $ | (44 | ) | ||||||
| Europe Total Dividend Fund |
4/02/09 | EUR | 291 | USD | 383 | $ | (3 | ) | ||||||
| 4/03/09 | EUR | 222 | USD | 295 | — | |||||||||
| $ | (3 | ) | ||||||||||||
| Europe SmallCap Dividend Fund |
4/02/09 | EUR | 1,851 | USD | 2,437 | $ | (21 | ) | ||||||
| 4/02/09 | SEK | 41,368 | USD | 5,000 | (4 | ) | ||||||||
| 4/02/09 | EUR | 14,363 | USD | 19,000 | (68 | ) | ||||||||
| 4/02/09 | GBP | 7,551 | USD | 10,800 | (24 | ) | ||||||||
| 4/02/09 | GBP | 195 | USD | 280 | — | |||||||||
| 4/02/09 | EUR | 1,405 | USD | 1,865 | — | |||||||||
| 4/02/09 | USD | 1,508 | DKK | 8,529 | 13 | |||||||||
| 4/02/09 | USD | 14,083 | EUR | 10,698 | 120 | |||||||||
| 4/02/09 | USD | 44,700 | EUR | 33,954 | 380 | |||||||||
| 4/02/09 | USD | 92,974 | GBP | 65,526 | 947 | |||||||||
| 4/02/09 | USD | 10,039 | NOK | 68,534 | 111 | |||||||||
| 4/02/09 | USD | 24,922 | SEK | 207,741 | 205 | |||||||||
| $ | 1,659 | |||||||||||||
| 124 | WisdomTree International Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||
| Japan Total Dividend Fund |
4/02/09 | JPY | 5,181,926 | USD | 53,469 | $ | 1,004 | |||||||
| 4/02/09 | JPY | 1,984,800 | USD | 20,000 | (95 | ) | ||||||||
| 4/02/09 | JPY | 212,296 | USD | 2,149 | — | |||||||||
| $ | 909 | |||||||||||||
| Japan Equity Income Fund |
4/02/09 | JPY | 3,175,680 | USD | 32,000 | $ | (152 | ) | ||||||
| 4/03/09 | JPY | 2,193,721 | USD | 22,210 | — | |||||||||
| $ | (152 | ) | ||||||||||||
| Japan SmallCap Dividend Fund |
4/02/09 | JPY | 13,695,120 | USD | 138,000 | $ | (656 | ) | ||||||
| 4/03/09 | JPY | 9,977,889 | USD | 101,022 | 1 | |||||||||
| $ | (655 | ) | ||||||||||||
| Pacific ex-Japan Total Dividend Fund |
4/01/09 | SGD | 890 | USD | 588 | $ | 2 | |||||||
| 4/02/09 | AUD | 223,859 | USD | 155,000 | (537 | ) | ||||||||
| 4/02/09 | HKD | 387,510 | USD | 50,000 | (1 | ) | ||||||||
| 4/02/09 | NZD | 70,423 | USD | 40,000 | (194 | ) | ||||||||
| 4/03/09 | SGD | 588 | USD | 388 | — | |||||||||
| $ | (730 | ) | ||||||||||||
| Pacific ex-Japan Equity Income Fund |
4/01/09 | USD | 1,842,937 | AUD | 2,653,808 | $ | 929 | |||||||
| 4/01/09 | AUD | 4,088,330 | USD | 2,838,936 | (1,635 | ) | ||||||||
| 4/01/09 | USD | 458,057 | NZD | 802,202 | (201 | ) | ||||||||
| 4/01/09 | USD | 276,209 | SGP | 418,153 | (1,145 | ) | ||||||||
| 4/02/09 | USD | 143,204 | AUD | 210,455 | 3,020 | |||||||||
| 4/02/09 | USD | 2,501 | AUD | 3,600 | — | |||||||||
| 4/02/09 | AUD | 179,087 | USD | 124,000 | (430 | ) | ||||||||
| $ | 538 | |||||||||||||
| International LargeCap Dividend Fund |
4/02/09 | GBP | 118,864 | USD | 170,000 | $ | (375 | ) | ||||||
| 4/02/09 | AUD | 64,991 | USD | 45,000 | (156 | ) | ||||||||
| 4/02/09 | EUR | 117,167 | USD | 155,000 | (562 | ) | ||||||||
| 4/02/09 | CHF | 57,175 | USD | 50,000 | (284 | ) | ||||||||
| 4/02/09 | EUR | 18,230 | USD | 24,204 | — | |||||||||
| $ | (1,377 | ) | ||||||||||||
| International Dividend ex-Financials Fund |
4/02/09 | AUD | 112,652.00 | USD | 78,000.00 | $ | (270 | ) | ||||||
| International MidCap Dividend Fund |
4/02/09 | JPY | 13,386,643 | USD | 138,128 | $ | 2,594 | |||||||
| 4/02/09 | NOK | 234,703 | USD | 34,379 | (380 | ) | ||||||||
| 4/02/09 | AUD | 92,432 | USD | 64,000 | (222 | ) | ||||||||
| $ | 1,992 | |||||||||||||
| International SmallCap Dividend Fund |
4/01/09 | USD | 35,515 | AUD | 51,144 | $ | 20 | |||||||
| 4/01/09 | SGD | 15,482 | USD | 10,226 | 42 | |||||||||
| 4/01/09 | EUR | 140,409 | USD | 186,828 | 407 | |||||||||
| 4/01/09 | USD | 70,612 | EUR | 53,069 | (153 | ) | ||||||||
| 4/01/09 | USD | 86,488 | GBP | 60,382 | 60 | |||||||||
| 4/01/09 | USD | 23,145 | SEK | 188,809 | (307 | ) | ||||||||
| 4/02/09 | USD | 29,644 | AUD | 43,568 | 627 | |||||||||
| 4/03/09 | USD | 19,104 | AUD | 27,498 | 1 | |||||||||
| 4/02/09 | EUR | 10,365 | USD | 13,646 | (116 | ) | ||||||||
| 4/02/09 | HKD | 1,550,040 | USD | 200,000 | (5 | ) | ||||||||
| 4/02/09 | AUD | 361,063 | USD | 250,000 | (867 | ) | ||||||||
| 4/02/09 | EUR | 151,183 | USD | 200,000 | (726 | ) | ||||||||
| 4/02/09 | JPY | 18,855,600 | USD | 190,000 | (904 | ) | ||||||||
| 4/02/09 | NZD | 272,887 | USD | 155,000 | (750 | ) | ||||||||
| 4/02/09 | SGD | 286,268 | USD | 188,000 | (309 | ) | ||||||||
| 4/02/09 | GBP | 33,562 | USD | 48,000 | (106 | ) | ||||||||
| 4/02/09 | SEK | 380,586 | USD | 46,000 | (35 | ) | ||||||||
| 4/03/09 | SGD | 10,233 | USD | 6,731 | — | |||||||||
| 4/03/09 | EUR | 7,843 | USD | 10,413 | — | |||||||||
| WisdomTree International Dividend Funds | 125 |
Table of Contents
Notes to Financial Statements (continued)
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||
| 4/03/09 | GBP | 1,370 | USD | 1,964 | $ | — | ||||||||
| 4/02/09 | USD | 27,536 | EUR | 20,916 | 234 | |||||||||
| 4/02/09 | USD | 6,263 | EUR | 4,757 | 53 | |||||||||
| 4/02/09 | USD | 12,606 | EUR | 9,495 | — | |||||||||
| 4/02/09 | USD | 10,420 | GBP | 7,344 | 106 | |||||||||
| 4/03/09 | USD | 11,973 | GBP | 8,353 | — | |||||||||
| 4/02/09 | USD | 9,972 | SEK | 83,119 | 82 | |||||||||
| 4/03/09 | USD | 8,780 | SEK | 72,589 | — | |||||||||
| $ | (2,646 | ) | ||||||||||||
| Emerging Markets Equity Income Fund |
4/02/09 | ZAR | 999,967 | USD | 105,000 | $ | (149 | ) | ||||||
| Emerging Markets SmallCap Dividend Fund |
4/02/09 | ZAR | 771,404 | USD | 81,000 | $ | (115 | ) | ||||||
| 4/02/09 | HKD | 649,710 | USD | 83,834 | — | |||||||||
| $ | (115 | ) | ||||||||||||
Currency Legend:
AUD – Australian dollar
CHF – Swiss franc
DKK – Danish krone
EUR – Euro
GBP – British pound
HKD – Hong Kong dollar
JPY – Japanese yen
NOK – Norwegian krone
NZD – New Zealand dollar
SEK – Swedish krona
SGD – Singapore dollar
USD – U.S. dollar
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. The loans are collateralized at all times by cash and/or high grade debt obligations in an amount at least equal to 102% of the market value of domestic securities loaned (105% in the case of foreign securities loaned), as determined at the close of business on the preceding business day. 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 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 receives 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.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
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 in which a Fund may invest 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. 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 Federal income tax regulations which may differ from U.S. 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 as a tax return of capital.
| 126 | WisdomTree International Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”) prescribes 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 year ended March 31, 2009, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Portfolios file tax returns with the U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the three year period ended March 31, 2009, remains subject to examination by taxing authorities.
3. ADVISER FEES
Adviser Fees — As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund (other than the Middle East Dividend Fund), WTAM agrees to pay all expenses of the Trust, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s Chief Compliance Officer, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses. Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund (other than the Middle East Dividend 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%. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | ||
| DEFA Fund |
0.48 | % | |
| DEFA Equity Income Fund |
0.58 | % | |
| Europe Total Dividend Fund |
0.48 | % | |
| Europe Equity Income Fund |
0.58 | % | |
| Europe SmallCap Dividend Fund |
0.58 | % | |
| Japan Total Dividend Fund |
0.48 | % | |
| Japan Equity Income Fund |
0.58 | % | |
| Japan SmallCap Dividend Fund |
0.58 | % | |
| Pacific ex-Japan Total Dividend Fund |
0.48 | % | |
| Pacific ex-Japan Equity Income 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 |
0.68 | % |
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the year ended March 31, 2009, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2009, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consist of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. The Middle East Dividend Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.
| WisdomTree International Dividend Funds | 127 |
Table of Contents
Notes to Financial Statements (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions and short-term investments) for the fiscal year ended March 31, 2009 were as follows:
| Fund | Purchases | Sales | ||||
| DEFA Fund |
$ | 115,478,981 | $ | 116,425,850 | ||
| DEFA Equity Income Fund |
65,168,375 | 68,037,471 | ||||
| Europe Total Dividend Fund |
10,688,930 | 10,980,443 | ||||
| Europe Equity Income Fund |
15,670,502 | 16,397,579 | ||||
| Europe SmallCap Dividend Fund |
17,672,299 | 18,043,549 | ||||
| Japan Total Dividend Fund |
3,193,152 | 3,428,831 | ||||
| Japan Equity Income Fund |
13,422,091 | 13,553,884 | ||||
| Japan SmallCap Dividend Fund |
11,938,040 | 11,984,169 | ||||
| Pacific ex-Japan Total Dividend Fund |
26,511,938 | 29,300,318 | ||||
| Pacific ex-Japan Equity Income Fund |
22,668,525 | 23,313,862 | ||||
| International LargeCap Dividend Fund |
34,855,531 | 36,497,970 | ||||
| International Dividend ex-Financials Fund |
132,397,952 | 142,617,375 | ||||
| International MidCap Dividends Fund |
49,584,026 | 51,471,098 | ||||
| International SmallCap Dividend Fund |
156,998,149 | 160,040,663 | ||||
| Emerging Markets Equity Income Fund |
191,135,926 | 123,414,565 | ||||
| Emerging Markets SmallCap Dividend Fund |
56,316,729 | 34,681,651 | ||||
| Middle East Dividend Fund |
20,288,074 | 3,067,518 | ||||
For the fiscal year ended March 31, 2009, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Redemptions | ||||
| DEFA Fund |
$ | 144,836,440 | $ | 10,312,559 | ||
| DEFA Equity Income Fund |
39,977,288 | 82,780,492 | ||||
| Europe Total Dividend Fund |
238,412 | 7,033,760 | ||||
| Europe Equity Income Fund |
8,540,264 | 12,353,593 | ||||
| Europe SmallCap Dividend Fund |
5,049,089 | 13,687,252 | ||||
| Japan Total Dividend Fund |
23,192,438 | 20,615,239 | ||||
| Japan Equity Income Fund |
30,900,836 | 29,125,186 | ||||
| Japan SmallCap Dividend Fund |
85,060,499 | 70,999,424 | ||||
| Pacific ex-Japan Total Dividend Fund |
4,532,093 | 65,373,669 | ||||
| Pacific ex-Japan Equity Income Fund |
16,316,842 | 22,854,848 | ||||
| International LargeCap Dividend Fund |
16,617,928 | 16,774,514 | ||||
| International Dividend ex-Financials Fund |
65,421,982 | 169,759,330 | ||||
| International MidCap Dividend Fund |
40,019,307 | 62,476,625 | ||||
| International SmallCap Dividend Fund |
95,671,683 | 61,572,338 | ||||
| Emerging Markets Equity Income Fund |
59,600,336 | 15,342,625 | ||||
| Emerging Markets SmallCap Dividend Fund |
18,221,760 | 3,419,562 | ||||
| Middle East Dividend Fund |
— | — | ||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
| 128 | WisdomTree International Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
6. FEDERAL INCOME TAXES
At March 31, 2009, 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 Depreciation |
||||||||||
| DEFA Fund |
$ | 511,936,659 | $ | 1,045,540 | $ | (213,405,708 | ) | $ | (212,360,168 | ) | ||||
| DEFA Equity Income Fund |
164,529,547 | 143,391 | (77,202,360 | ) | (77,058,969 | ) | ||||||||
| Europe Total Dividend Fund |
28,093,560 | 63,355 | (13,062,150 | ) | (12,998,795 | ) | ||||||||
| Europe Equity Income Fund |
34,476,756 | 12,811 | (15,349,101 | ) | (15,336,290 | ) | ||||||||
| Europe SmallCap Dividend Fund |
31,045,650 | 21,778 | (17,558,200 | ) | (17,536,422 | ) | ||||||||
| Japan Total Dividend Fund |
31,806,837 | 66,593 | (12,950,084 | ) | (12,883,491 | ) | ||||||||
| Japan Equity Income Fund |
30,425,168 | 18,104 | (9,412,702 | ) | (9,394,598 | ) | ||||||||
| Japan SmallCap Dividend Fund |
101,605,807 | 203,824 | (33,267,894 | ) | (33,064,070 | ) | ||||||||
| Pacific ex-Japan Total Dividend Fund |
70,403,078 | 123,661 | (34,009,601 | ) | (33,885,940 | ) | ||||||||
| Pacific ex-Japan Equity Income Fund |
44,434,744 | — | (23,402,799 | ) | (23,402,799 | ) | ||||||||
| International LargeCap Dividend Fund |
132,756,051 | 298,874 | (54,996,575 | ) | (54,697,701 | ) | ||||||||
| International Dividend ex-Financials Fund |
210,473,431 | — | (105,800,544 | ) | (105,800,544 | ) | ||||||||
| International MidCap Dividend Fund |
173,823,765 | 317,198 | (86,808,314 | ) | (86,491,116 | ) | ||||||||
| International SmallCap Dividend Fund |
469,812,570 | 969,328 | (230,060,660 | ) | (229,091,332 | ) | ||||||||
| Emerging Markets Equity Income Fund |
270,074,996 | 323,056 | (94,620,738 | ) | (94,297,682 | ) | ||||||||
| Emerging Markets SmallCap Dividend Fund |
82,000,402 | 184,045 | (31,786,934 | ) | (31,602,889 | ) | ||||||||
| Middle East Dividend Fund |
15,272,945 | 23,587 | (7,649,262 | ) | (7,625,675 | ) | ||||||||
At March 31, 2009, the components of accumulated earnings/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Depreciation |
Currency Unrealized Appreciation/ (Depreciation) |
Total Accumulated Loss |
||||||||||||||
| DEFA Fund |
$ | 1,453,133 | $ | (72,124,065 | ) | $ | (212,360,168 | ) | $ | 3,199 | $ | (283,027,901 | ) | ||||||
| DEFA Equity Income Fund |
141,720 | (43,623,331 | ) | (77,058,969 | ) | 5,455 | (120,535,125 | ) | |||||||||||
| Europe Total Dividend Fund |
93,254 | (6,310,858 | ) | (12,998,795 | ) | (2,932 | ) | (19,219,331 | ) | ||||||||||
| Europe Equity Income Fund |
50,800 | (11,711,073 | ) | (15,336,290 | ) | (2,214 | ) | (26,998,777 | ) | ||||||||||
| Europe SmallCap Dividend Fund |
90,213 | (15,923,992 | ) | (17,536,422 | ) | (4,691 | ) | (33,374,892 | ) | ||||||||||
| Japan Total Dividend Fund |
203,036 | (2,652,131 | ) | (12,883,491 | ) | (2,527 | ) | (15,335,113 | ) | ||||||||||
| Japan Equity Income Fund |
241,550 | (6,857,632 | ) | (9,394,598 | ) | (2,001 | ) | (16,012,681 | ) | ||||||||||
| Japan SmallCap Dividend Fund |
783,439 | (8,374,665 | ) | (33,064,070 | ) | (7,008 | ) | (40,662,304 | ) | ||||||||||
| Pacific ex-Japan Total Dividend Fund |
173,144 | (9,525,244 | ) | (33,885,940 | ) | 18,233 | (43,219,807 | ) | |||||||||||
| Pacific ex-Japan Equity Income Fund |
188,128 | (8,576,428 | ) | (23,402,799 | ) | 12,636 | (31,778,463 | ) | |||||||||||
| International LargeCap Dividend Fund |
440,781 | (19,441,482 | ) | (54,697,701 | ) | 6,407 | (73,691,995 | ) | |||||||||||
| International Dividend ex-Financials Fund |
152,189 | (84,443,311 | ) | (105,800,544 | ) | (12,787 | ) | (190,104,453 | ) | ||||||||||
| International MidCap Dividend Fund |
485,139 | (35,088,127 | ) | (86,491,116 | ) | (195 | ) | (121,094,299 | ) | ||||||||||
| International SmallCap Dividend Fund |
1,683,611 | (122,434,750 | ) | (229,091,332 | ) | 24 | (349,842,447 | ) | |||||||||||
| Emerging Markets Equity Income Fund |
901,555 | (10,835,913 | ) | (94,297,682 | ) | 13,854 | (104,218,186 | ) | |||||||||||
| Emerging Markets SmallCap Dividend Fund |
290,103 | (6,135,099 | ) | (31,602,889 | ) | 1,081 | (37,446,804 | ) | |||||||||||
| Middle East Dividend Fund |
193,200 | (1,986,143 | ) | (7,625,675 | ) | 4,280 | (9,414,338 | ) | |||||||||||
| WisdomTree International Dividend Funds | 129 |
Table of Contents
Notes to Financial Statements (continued)
The tax character of distributions paid during the fiscal year ended March 31, 2009 and March 31, 2008, was as follows:
| Period Ended March 31, 2009 |
Year Ended March 31, 2008 | |||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Ordinary Income* | ||||
| DEFA Fund |
$ | 16,276,475 | $ | 5,488,621 | ||
| DEFA Equity Income Fund |
9,694,798 | 7,747,821 | ||||
| Europe Total Dividend Fund |
1,486,596 | 1,174,072 | ||||
| Europe Equity Income Fund |
1,903,608 | 1,828,521 | ||||
| Europe SmallCap Dividend Fund |
1,802,430 | 4,638,224 | ||||
| Japan Total Dividend Fund |
559,727 | 383,514 | ||||
| Japan Equity Income Fund |
623,658 | 784,915 | ||||
| Japan SmallCap Dividend Fund |
1,401,224 | 918,313 | ||||
| Pacific ex-Japan Total Dividend Fund |
5,131,577 | 4,868,243 | ||||
| Pacific ex-Japan Equity Income Fund |
3,396,394 | 4,701,825 | ||||
| International LargeCap Dividend Fund |
5,333,253 | 3,447,145 | ||||
| International Dividend ex-Financials Fund |
16,564,667 | 12,188,598 | ||||
| International MidCap Dividend Fund |
6,683,004 | 6,764,887 | ||||
| International SmallCap Dividend Fund |
17,493,804 | 12,801,555 | ||||
| Emerging Markets Equity Income Fund |
9,437,988 | 1,268,919 | ||||
| Emerging Markets SmallCap Dividend Fund |
2,648,831 | 33,677 | ||||
| Middle East Dividend Fund |
— | N/A | ||||
| * | Includes short-term capital gains. |
At March 31, 2009, for Federal income 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 Total | ||||||||
| DEFA Fund |
$ | — | $ | 1,113,913 | $ | 31,593,366 | $ | 32,707,279 | ||||
| DEFA Equity Income Fund |
3,223 | 1,088,572 | 24,469,991 | 25,561,786 | ||||||||
| Europe Total Dividend Fund |
— | 369,509 | 2,599,706 | 2,969,215 | ||||||||
| Europe Equity Income Fund |
— | 251,233 | 6,927,464 | 7,178,697 | ||||||||
| Europe SmallCap Dividend Fund |
— | 1,116,689 | 6,092,078 | 7,208,767 | ||||||||
| Japan Total Dividend Fund |
61,971 | 147,026 | 456,605 | 665,602 | ||||||||
| Japan Equity Income Fund |
60,955 | 723,789 | 3,657,374 | 4,442,118 | ||||||||
| Japan SmallCap Dividend Fund |
6,631 | 450,744 | 2,793,131 | 3,250,506 | ||||||||
| Pacific ex-Japan Total Dividend Fund |
2,486 | 434,717 | 1,942,155 | 2,379,358 | ||||||||
| Pacific ex-Japan Equity Income Fund |
— | 292,646 | 2,237,436 | 2,530,082 | ||||||||
| International LargeCap Dividend Fund |
12,856 | 911,666 | 10,714,056 | 11,638,578 | ||||||||
| International Dividend ex-Financials Fund |
— | 1,247,174 | 40,771,676 | 42,018,850 | ||||||||
| International MidCap Dividend Fund |
— | 2,200,353 | 10,045,031 | 12,245,384 | ||||||||
| International SmallCap Dividend Fund |
— | 2,417,649 | 31,684,635 | 34,102,284 | ||||||||
| Emerging Markets Equity Income Fund |
— | 166,963 | 3,240,763 | 3,407,726 | ||||||||
| Emerging Markets SmallCap Dividend Fund |
— | — | 4,224,150 | 4,224,150 | ||||||||
| Middle East Dividend Fund |
— | — | 41,648 | 41,648 | ||||||||
Capital losses, currency losses and passive foreign investment company (“PFIC”) losses incurred after October 31 (“post-October losses”) within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
| 130 | WisdomTree International Dividend Funds |
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Notes to Financial Statements (concluded)
During the fiscal year ended March 31, 2009, the following Funds incurred and will elect to defer net post-October losses as follows:
| Fund | Post-October PFIC Losses |
Post-October Currency Losses |
Post-October Capital Losses | ||||||
| DEFA Fund |
$ | — | $ | — | $ | 39,416,786 | |||
| DEFA Equity Income Fund |
— | 12,498 | 18,049,047 | ||||||
| Europe Total Dividend Fund |
50 | 10,063 | 3,331,530 | ||||||
| Europe Equity Income Fund |
— | 21,677 | 4,510,699 | ||||||
| Europe SmallCap Dividend Fund |
— | — | 8,715,225 | ||||||
| Japan Total Dividend Fund |
— | — | 1,986,529 | ||||||
| Japan Equity Income Fund |
— | — | 2,415,514 | ||||||
| Japan SmallCap Dividend Fund |
— | — | 5,124,159 | ||||||
| Pacific ex-Japan Total Dividend Fund |
— | — | 7,145,886 | ||||||
| Pacific ex-Japan Equity Income Fund |
— | — | 6,046,346 | ||||||
| International LargeCap Dividend Fund |
— | 8,288 | 7,794,616 | ||||||
| International Dividend ex-Financials Fund |
— | 43,626 | 42,380,835 | ||||||
| International MidCap Dividend Fund |
— | 88,030 | 22,754,713 | ||||||
| International SmallCap Dividend Fund |
— | — | 88,332,466 | ||||||
| Emerging Markets Equity Income Fund |
— | 56,280 | 7,371,907 | ||||||
| Emerging Markets SmallCap Dividend Fund |
— | 15,659 | 1,895,290 | ||||||
| Middle East Dividend Fund |
— | 5,102 | 1,939,393 | ||||||
At March 31, 2009, 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 |
$ | (587,508 | ) | $ | 1,703,375 | $ | (1,115,867 | ) | ||||
| DEFA Equity Income Fund |
(584,049 | ) | 1,050,576 | (466,527 | ) | |||||||
| Europe Total Dividend Fund |
(72,924 | ) | 3,164,840 | (3,091,916 | ) | |||||||
| Europe Equity Income Fund |
(118,027 | ) | 123,943 | (5,916 | ) | |||||||
| Europe SmallCap Dividend Fund |
6,116 | 1,559,027 | (1,565,143 | ) | ||||||||
| Japan Total Dividend Fund |
27,247 | 1,872,121 | (1,899,368 | ) | ||||||||
| Japan Equity Income Fund |
38,786 | 2,060,788 | (2,099,574 | ) | ||||||||
| Japan SmallCap Dividend Fund |
82,676 | (4,395,114 | ) | 4,312,438 | ||||||||
| Pacific ex-Japan Total Dividend Fund |
(86,725 | ) | 9,609,686 | (9,522,961 | ) | |||||||
| Pacific ex-Japan Equity Income Fund |
(106,570 | ) | 1,662,702 | (1,556,132 | ) | |||||||
| International LargeCap Dividend Fund |
(309,100 | ) | 3,264,300 | (2,955,200 | ) | |||||||
| International Dividend ex-Financials Fund |
(825,271 | ) | 7,367,838 | (6,542,567 | ) | |||||||
| International MidCap Dividend Fund |
(229,946 | ) | 13,532,369 | (13,302,423 | ) | |||||||
| International SmallCap Dividend Fund |
(627,127 | ) | (8,127,916 | ) | 8,755,043 | |||||||
| Emerging Markets Equity Income Fund |
(334,417 | ) | (1,132,319 | ) | 1,466,736 | |||||||
| Emerging Markets SmallCap Dividend Fund |
(118,091 | ) | 239,560 | (121,469 | ) | |||||||
| Middle East Dividend Fund |
(48,364 | ) | 48,364 | — | ||||||||
The differences are primarily due to redemptions-in-kind, currency gain/loss and Passive Foreign Investment Companies (“PFICS”).
7. NEW ACCOUNTING PRONOUNCEMENT
On March 19, 2008, the FASB released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 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 application of FAS 161 is required for fiscal years beginning after November 15, 2008 and interim periods within those fiscal years. At this time, management is evaluating the implications of FAS 161 and its impact on the financial statements.
| WisdomTree International Dividend Funds | 131 |
Table of Contents
Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Europe Total Dividend Fund, WisdomTree Europe Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Total Dividend Fund, WisdomTree Japan Equity Income Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Pacific ex-Japan Total Dividend Fund, WisdomTree Pacific ex-Japan Equity Income 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, and WisdomTree Middle East Dividend Fund (seventeen of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2009, and the related statements of operations, the statements of changes in net assets and the financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2009, 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 Europe Total Dividend Fund, WisdomTree Europe Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Total Dividend Fund, WisdomTree Japan Equity Income Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Pacific ex-Japan Total Dividend Fund, WisdomTree Pacific ex-Japan Equity Income Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund and WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, and WisdomTree Middle East Dividend Fund of WisdomTree Trust at March 31, 2009, 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.
New York, New York
May 28, 2009
| 132 | WisdomTree International Dividend Funds |
Table of Contents
Approval of Investment Advisory Agreement and Sub-Advisory Agreement (unaudited)
The Board of Trustees of the Trust, including a majority of the Independent Trustees, has the responsibility under the 1940 Act to approve each Fund’s Investment Advisory Agreement and Sub-Advisory Agreement (collectively, the “Investment Advisory Agreements”). In addition, the Trust’s Board of Trustees will receive, review and evaluate information concerning the services and personnel of WTAM (the “Investment Adviser”) and Mellon Capital Management Corporation (the “Sub-Adviser”) at each quarterly meeting of the Board of Trustees. While particular emphasis will be placed on information concerning profitability, comparability of fees and total expenses, and the Trust’s investment performance at any future meeting at which a renewal of the Investment Advisory Agreements is considered, the process of evaluating the Investment Adviser and the Sub-Adviser and the Trust’s investment arrangements is an ongoing one. In this regard, the Board’s consideration of the nature, extent and quality of the services to be provided by the Investment Adviser and the Sub-Adviser under the Investment Advisory Agreements will include deliberations at future quarterly meetings.
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 2, 2009, the Board of Trustees reapproved the Investment Advisory Agreement for the Funds. The Board reviewed and analyzed the factors it deemed relevant, including; (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the investment performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors ; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board 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 also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Adviser and oversight of the Sub-Adviser’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also 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 concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the Sub-Adviser to the Funds, Mellon Capital Management Corporation (“MCM”), using essentially the same criteria it used for WTAM. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation (“BNYM”), an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian and transfer agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-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 determined that the approval of the Advisory Agreement and the Sub-Advisory Agreement was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreement and Sub-Advisory Agreement.
| WisdomTree International Dividend Funds | 133 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” 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. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree DEFA Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 88 | 12.54 | % | 48 | 6.84 | % | |||||
| 25 – 49.9 | 124 | 17.66 | % | 38 | 5.41 | % | ||||||
| 50 – 74.9 | 111 | 15.81 | % | 30 | 4.27 | % | ||||||
| 75 – 100.0 | 64 | 9.12 | % | 19 | 2.71 | % | ||||||
| >100.0 | 113 | 16.10 | % | 67 | 9.54 | % | ||||||
| Total | 500 | 71.23 | % | 202 | 28.77 | % | ||||||
| WisdomTree DEFA Equity Income Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 88 | 12.54 | % | 57 | 8.12 | % | |||||
| 25 – 49.9 | 100 | 14.25 | % | 56 | 7.98 | % | ||||||
| 50 – 74.9 | 93 | 13.25 | % | 36 | 5.13 | % | ||||||
| 75 – 100.0 | 61 | 8.69 | % | 30 | 4.27 | % | ||||||
| >100.0 | 96 | 13.68 | % | 85 | 12.11 | % | ||||||
| Total | 438 | 62.47 | % | 264 | 37.61 | % | ||||||
| WisdomTree Europe Total Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 117 | 16.67 | % | 73 | 10.40 | % | |||||
| 25 – 49.9 | 109 | 15.53 | % | 54 | 7.69 | % | ||||||
| 50 – 74.9 | 80 | 11.40 | % | 41 | 5.84 | % | ||||||
| 75 – 100.0 | 44 | 6.27 | % | 32 | 4.56 | % | ||||||
| >100.0 | 88 | 12.54 | % | 64 | 9.12 | % | ||||||
| Total | 438 | 62.47 | % | 264 | 37.61 | % | ||||||
| WisdomTree Europe Equity Income Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 113 | 16.10 | % | 82 | 11.68 | % | |||||
| 25 – 49.9 | 112 | 15.95 | % | 44 | 6.27 | % | ||||||
| 50 – 74.9 | 77 | 10.97 | % | 38 | 5.41 | % | ||||||
| 75 – 100.0 | 57 | 8.12 | % | 25 | 3.56 | % | ||||||
| >100.0 | 99 | 14.10 | % | 55 | 7.83 | % | ||||||
| Total | 458 | 65.24 | % | 244 | 34.75 | % | ||||||
| WisdomTree Europe SmallCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 74 | 10.54 | % | 60 | 8.55 | % | |||||
| 25 – 49.9 | 75 | 10.68 | % | 66 | 9.40 | % | ||||||
| 50 – 74.9 | 74 | 10.54 | % | 47 | 6.70 | % | ||||||
| 75 – 100.0 | 33 | 4.70 | % | 48 | 6.84 | % | ||||||
| >100.0 | 69 | 9.83 | % | 156 | 22.22 | % | ||||||
| Total | 325 | 46.29 | % | 377 | 53.71 | % | ||||||
| WisdomTree Japan Total Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 72 | 10.26 | % | 57 | 8.12 | % | |||||
| 25 – 49.9 | 69 | 9.83 | % | 50 | 7.12 | % | ||||||
| 50 – 74.9 | 61 | 8.69 | % | 40 | 5.70 | % | ||||||
| 75 – 100.0 | 49 | 6.98 | % | 37 | 5.27 | % | ||||||
| >100.0 | 110 | 15.67 | % | 157 | 22.36 | % | ||||||
| Total | 361 | 51.43 | % | 341 | 48.57 | % | ||||||
| 134 | WisdomTree International Dividend Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree Japan Equity Income Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 68 | 9.69 | % | 67 | 9.54 | % | |||||
| 25 – 49.9 | 59 | 8.40 | % | 45 | 6.41 | % | ||||||
| 50 – 74.9 | 57 | 8.12 | % | 42 | 5.98 | % | ||||||
| 75 – 100.0 | 44 | 6.27 | % | 38 | 5.41 | % | ||||||
| >100.0 | 120 | 17.09 | % | 162 | 23.08 | % | ||||||
| Total | 348 | 49.57 | % | 354 | 50.42 | % | ||||||
| WisdomTree Japan SmallCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 71 | 10.11 | % | 42 | 5.98 | % | |||||
| 25 – 49.9 | 79 | 11.25 | % | 54 | 7.69 | % | ||||||
| 50 – 74.9 | 49 | 6.98 | % | 34 | 4.84 | % | ||||||
| 75 – 100.0 | 53 | 7.55 | % | 39 | 5.56 | % | ||||||
| >100.0 | 134 | 19.09 | % | 147 | 20.94 | % | ||||||
| Total | 386 | 54.98 | % | 316 | 45.01 | % | ||||||
| WisdomTree Pacific ex-Japan Total Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 81 | 11.54 | % | 53 | 7.55 | % | |||||
| 25 – 49.9 | 83 | 11.82 | % | 54 | 7.69 | % | ||||||
| 50 – 74.9 | 55 | 7.83 | % | 32 | 4.56 | % | ||||||
| 75 – 100.0 | 52 | 7.41 | % | 34 | 4.84 | % | ||||||
| >100.0 | 116 | 16.52 | % | 142 | 20.23 | % | ||||||
| Total | 387 | 55.12 | % | 315 | 44.87 | % | ||||||
| WisdomTree Pacific ex-Japan Equity Income Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 73 | 10.40 | % | 49 | 6.98 | % | |||||
| 25 – 49.9 | 86 | 12.25 | % | 56 | 7.98 | % | ||||||
| 50 – 74.9 | 62 | 8.83 | % | 35 | 4.99 | % | ||||||
| 75 – 100.0 | 55 | 7.83 | % | 31 | 4.42 | % | ||||||
| >100.0 | 98 | 13.96 | % | 157 | 22.36 | % | ||||||
| Total | 374 | 53.27 | % | 328 | 46.73 | % | ||||||
| WisdomTree International LargeCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 81 | 11.54 | % | 61 | 8.69 | % | |||||
| 25 – 49.9 | 137 | 19.52 | % | 41 | 5.84 | % | ||||||
| 50 – 74.9 | 86 | 12.25 | % | 34 | 4.84 | % | ||||||
| 75 – 100.0 | 56 | 7.98 | % | 22 | 3.13 | % | ||||||
| >100.0 | 114 | 16.24 | % | 70 | 9.97 | % | ||||||
| Total | 474 | 67.53 | % | 228 | 32.47 | % | ||||||
| WisdomTree International Dividend ex-Financials Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 72 | 10.26 | % | 54 | 7.69 | % | |||||
| 25 – 49.9 | 112 | 15.95 | % | 49 | 6.98 | % | ||||||
| 50 – 74.9 | 103 | 14.67 | % | 34 | 4.84 | % | ||||||
| 75 – 100.0 | 52 | 7.41 | % | 18 | 2.56 | % | ||||||
| >100.0 | 101 | 14.39 | % | 107 | 15.24 | % | ||||||
| Total | 440 | 62.68 | % | 262 | 37.31 | % | ||||||
| WisdomTree International MidCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 87 | 12.39 | % | 59 | 8.40 | % | |||||
| 25 – 49.9 | 109 | 15.53 | % | 55 | 7.83 | % | ||||||
| 50 – 74.9 | 99 | 14.10 | % | 25 | 3.56 | % | ||||||
| 75 – 100.0 | 44 | 6.27 | % | 27 | 3.85 | % | ||||||
| >100.0 | 105 | 14.96 | % | 92 | 13.11 | % | ||||||
| Total | 444 | 63.25 | % | 258 | 36.75 | % | ||||||
| WisdomTree International Dividend Funds | 135 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree International SmallCap Dividend Fund |
||||||||||||
| June 16, 2006 – March 31, 2009 |
0 – 24.9 | 65 | 9.26 | % | 46 | 6.55 | % | |||||
| 25 – 49.9 | 101 | 14.39 | % | 37 | 5.27 | % | ||||||
| 50 – 74.9 | 102 | 14.53 | % | 19 | 2.71 | % | ||||||
| 75 – 100.0 | 80 | 11.40 | % | 24 | 3.42 | % | ||||||
| >100.0 | 152 | 21.65 | % | 76 | 10.83 | % | ||||||
| Total | 500 | 71.23 | % | 202 | 28.78 | % | ||||||
| WisdomTree Emerging Markets Equity Income Fund |
||||||||||||
| July 13, 2007 – March 31, 2009 |
0 – 24.9 | 28 | 6.47 | % | 24 | 5.54 | % | |||||
| 25 – 49.9 | 25 | 5.77 | % | 19 | 4.39 | % | ||||||
| 50 – 74.9 | 39 | 9.01 | % | 15 | 3.46 | % | ||||||
| 75 – 100.0 | 35 | 8.08 | % | 16 | 3.70 | % | ||||||
| >100.0 | 153 | 35.33 | % | 79 | 18.24 | % | ||||||
| Total | 280 | 64.66 | % | 153 | 35.33 | % | ||||||
| WisdomTree Emerging Markets SmallCap Dividend Fund |
||||||||||||
| October 30, 2007 – March 31, 2009 |
0 – 24.9 | 20 | 5.60 | % | 14 | 3.92 | % | |||||
| 25 – 49.9 | 25 | 7.00 | % | 17 | 4.76 | % | ||||||
| 50 – 74.9 | 21 | 5.88 | % | 17 | 4.76 | % | ||||||
| 75 – 100.0 | 19 | 5.32 | % | 12 | 3.36 | % | ||||||
| >100.0 | 117 | 32.77 | % | 95 | 26.61 | % | ||||||
| Total | 202 | 56.57 | % | 155 | 43.41 | % | ||||||
| WisdomTree Middle East Dividend Fund |
||||||||||||
| July 16, 2008 – March 31, 2009 |
0 – 24.9 | 8 | 4.47 | % | 3 | 1.68 | % | |||||
| 25 – 49.9 | 8 | 4.47 | % | 4 | 2.23 | % | ||||||
| 50 – 74.9 | 11 | 6.15 | % | 5 | 2.79 | % | ||||||
| 75 – 100.0 | 7 | 3.91 | % | 4 | 2.23 | % | ||||||
| >100.0 | 99 | 55.31 | % | 30 | 16.76 | % | ||||||
| Total | 133 | 74.31 | % | 46 | 25.69 | % | ||||||
| 136 | WisdomTree International Dividend Funds |
Table of Contents
Trustee and Officer 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 WisdomTree Asset Management 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 |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee and Officer† |
Other | |||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
Chief Executive Officer of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) and Director of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since 1989). | 50 | None. | |||||
| Amit Muni (1969) |
Treasurer*, Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since March 2008); International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer (2003 to 2008); Instinet Group Inc., Vice President Finance (2000 to 2003). | 50 | None. | |||||
| Richard Morris (1967) |
Secretary*, Chief Legal Officer* | Officer since 2005 |
Deputy General Counsel of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since 2005); Senior Counsel at Barclays Global Investors. N.A. (2002 to 2005); Counsel at Barclays Global Investors, N.A. (2000 to 2001). | 50 | None. | |||||
| * | Elected by and serves at the pleasure of the Board of Trustees |
| † | As of March 31, 2009. |
| WisdomTree International Dividend Funds | 137 |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name (year of birth) |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee† |
Other | |||||
| Gregory Barton (1961)* |
Trustee | Trustee since 2006 |
General Counsel and Secretary of Martha Stewart Living Omnimedia, Inc. (2007-2008); Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2003 to 2007); Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2002 to 2003); President (2001 to 2002), Chief Financial Officer (2000 to 2002), Vice President of Business Development (1999 to 2001) and General Counsel and Secretary (1998 to 2002) of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) | 50 | None. | |||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean at University of Arizona James E. Rogers College of Law (since 1999); Professor at University of Arizona James E. Rogers College of Law (since 1990). | 50 | None | |||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees |
Trustee since 2006 |
Private Investor (2005 to present); President and Chief Executive Officer of William D. Witter, Inc. (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 Corp., and Chairman of the Fund Board of Enterprise Group of Funds (1991 to 2004). | 50 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of the Hoover Institution at Stanford University. | |||||
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| † | As of March 31, 2009 |
| 138 | WisdomTree International Dividend Funds |
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Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2009, 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 2010.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2009, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | ||
| DEFA Fund |
$ | 17,755,751 | |
| DEFA Equity Income Fund |
10,455,308 | ||
| Europe Total Dividend Fund |
1,673,280 | ||
| Europe Equity Income Fund |
2,137,184 | ||
| Europe SmallCap Dividend Fund |
1,952,221 | ||
| Japan Total Dividend Fund |
599,126 | ||
| Japan Equity Income Fund |
671,818 | ||
| Japan SmallCap Dividend Fund |
1,521,468 | ||
| Pacific ex-Japan Total Dividend Fund |
3,495,872 | ||
| Pacific ex-Japan Equity Income Fund |
3,268,091 | ||
| International LargeCap Dividend Fund |
5,904,911 | ||
| International Dividend ex-Financials Fund |
17,141,310 | ||
| International MidCap Dividend Fund |
7,063,577 | ||
| International SmallCap Dividend Fund |
16,959,552 | ||
| Emerging Markets Equity Income Fund |
5,525,345 | ||
| Emerging Markets SmallCap Dividend Fund |
2,677,775 | ||
| Middle East Dividend Fund |
— | ||
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2009 to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid | ||||
| DEFA Fund |
$ | 17,096,814 | $ | 1,706,281 | ||
| DEFA Equity Income Fund |
9,498,520 | 977,370 | ||||
| Europe Total Dividend Fund |
1,517,489 | 186,684 | ||||
| Europe Equity Income Fund |
1,908,291 | 233,576 | ||||
| Europe SmallCap Dividend Fund |
1,869,033 | 216,484 | ||||
| Japan Total Dividend Fund |
530,551 | 39,399 | ||||
| Japan Equity Income Fund |
639,913 | 48,160 | ||||
| Japan SmallCap Dividend Fund |
1,606,810 | 120,244 | ||||
| Pacific ex-Japan Total Dividend Fund |
4,443,851 | 36,322 | ||||
| Pacific ex-Japan Equity Income Fund |
2,747,477 | 37,131 | ||||
| International LargeCap Dividend Fund |
5,665,462 | 597,792 | ||||
| International Dividend ex-Financials Fund |
15,269,680 | 1,635,554 | ||||
| International MidCap Dividend Fund |
6,716,113 | 619,493 | ||||
| International SmallCap Dividend Fund |
17,790,949 | 1,352,133 | ||||
| Emerging Markets Equity Income Fund |
10,526,756 | 1,638,033 | ||||
| Emerging Markets SmallCap Dividend Fund |
3,106,092 | 468,506 | ||||
| Middle East Dividend Fund |
— | — | ||||
| WisdomTree International Dividend Funds | 139 |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine how to vote proxies related to each Fund’s portfolio securities, and information on how the Trust voted proxies during the period ended June 30, 2008, is available without charge, upon request (i) by calling 1-866-909-WISE, (ii) on the Trust’s website at www.wisdomtree.com and (iii) on the Securities and Exchange Commission’s (“SEC”) 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, upon request on the SEC’s website at www.sec.gov, and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330), (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The 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.
| 140 | WisdomTree International Dividend Funds |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2009:
| 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 Europe Total Dividend Fund (DEB)
WisdomTree Europe Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan Equity Income Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials (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 International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Discretionary Sector Fund (DPC)
WisdomTree International Consumer Staples Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International 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 Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree U.S. Current Income Fund (USY)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree investments, Inc., serves as the investment adviser to the WisdomTree 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, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each Fund’s risk profile. Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 11017
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree International Dividend ETFs
WisdomTree DEFA Fund
WisdomTree DEFA Equity Income Fund
WisdomTree Europe Total Dividend Fund
WisdomTree Europe Equity Income Fund
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Japan Total Dividend Fund
WisdomTree Japan Equity Income Fund
WisdomTree Japan SmallCap Dividend Fund
WisdomTree Pacific ex-Japan Total Dividend Fund
WisdomTree Pacific ex-Japan Equity Income 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 Fund shares are distributed by ALPS Distributors, Inc.
WIS001849 (05/2010)
Table of Contents
WisdomTree Trust
International Dividend Sector Funds
Annual Report
March 31, 2009
WisdomTree International Basic Materials Sector Fund
WisdomTree International Communications Sector Fund
WisdomTree International Consumer Discretionary Sector Fund
WisdomTree International Consumer Staples Sector Fund
WisdomTree International Energy Sector Fund
WisdomTree International Financial Sector Fund
WisdomTree International Health Care Sector Fund
WisdomTree International Industrial Sector Fund
WisdomTree International Technology Sector Fund
WisdomTree International Utilities Sector Fund
WisdomTree International Real Estate Fund
Table of Contents
| 1 | ||
| 2 | ||
| 4 | ||
| 15 | ||
| Schedules of Investments | ||
| 17 | ||
| 20 | ||
| 21 | ||
| 25 | ||
| 27 | ||
| 28 | ||
| 32 | ||
| 34 | ||
| 39 | ||
| 41 | ||
| 43 | ||
| 46 | ||
| 48 | ||
| 50 | ||
| 54 | ||
| 60 | ||
| 68 | ||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
69 | |
| 70 | ||
| 72 | ||
| 74 | ||
| 75 |
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the Trust.
Table of Contents
Dear Shareholders:
I wish there were more positive highlights to report for the funds of the WisdomTree Trust for the fiscal year that ended March 31, 2009. Unfortunately, the last 12 months represented one of the worst one-year periods for equity returns since the Great Depression.
U.S. stocks, as measured by the Russell 3000 Index, declined 38.20% through March 31, 2009. Stocks in developed and developing markets, as measured by the MSCI EAFE Index and the MSCI Emerging Markets Index, respectively, fell by approximately 47% over the same period. Value stocks underperformed growth stocks in the U.S. and international markets. Financial stocks represented the worst performing sector in the U.S and in the developed world.
These factors impacted the returns of many of WisdomTree’s funds, both on an absolute and relative basis to comparable cap-weighted indexes. 17 of WisdomTree’s 40 equity funds with at least one-year track records outperformed their comparable capitalization-weighted benchmark in the fiscal year ended March 31, 2009. Yet, despite this past year’s formidable headwinds, 24 of WisdomTree’s 42 equity ETFs have outperformed their comparable benchmarks since inception. WisdomTree’s strongest relative showing occurred within the developing world. The WisdomTree Emerging Markets Equity Income Fund (Ticker Symbol: DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (Ticker Symbol: DGS) outperformed their comparable cap-weighted benchmarks by 10.86 percentage points and 9.18 percentage points, respectively. WisdomTree’s weakest relative performance for the period was exhibited by the WisdomTree SmallCap Dividend Fund (Ticker Symbol: DES), which underperformed the Russell 2000 Index by 7.77 percentage points.
WisdomTree also launched two innovative equity products in the past fiscal year. In July, WisdomTree introduced the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF), which gives investors exposure to eight equity markets in the Persian Gulf region. In December, WisdomTree launched the WisdomTree LargeCap Growth Fund (Ticker Symbol: ROI), the industry’s first fundamentally weighted growth ETF. WisdomTree believes these funds give investors new ways to apply the fundamentally weighted concept across the full spectrum of equity investing, both domestically and internationally.
Though the challenging market environment has extended into 2009, the recent financial crisis has highlighted the potential benefits of ETFs. We believe that investors are placing ever more importance on the transparency, liquidity and tax efficiency that ETFs provide.
Thank you for your continued support.
Best regards,
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
This information is subject to change at any time based on market and other conditions and should not be construed as a recommendation of any specific security. Fund returns are quoted at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Past performance is no guarantee of future results.
The Russell 3000 Index measures the performance of the 3000 largest stocks in the U.S. market by market value. The MSCI Emerging Markets Index is a market cap weighted index that is designed to measure equity market performance consisting of 25 emerging market country indexes. The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan. The Russell 2000 Index measures the performance of the smallest 2,000 companies in the Russell 3000 Index. MSCI Index performance information assumes the reinvestment of net dividends and excludes management fees, transaction costs and expenses. You cannot invest directly in an index.
| WisdomTree International Dividend Sector Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance
The 11 WisdomTree Trust international sector ETFs give investors access to major economic sectors of the developed world outside of the U.S. and Canada. The WisdomTree international sector ETFs are designed to offer investors alternatives to market capitalization-weighted index equity funds, by tracking proprietary indexes that are weighted based on the dividends companies pay.
International Market Overview
The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside of the U.S. and Canada, declined 46.51% in the 12 months that ended March 31, 2009 (the “period”). Tight credit, a weakening global economy and earnings concerns within a tepid operating environment pushed stock prices lower across the developed world. During the last global recession in 2001 and 2002, real Gross Domestic Product (“GDP”) growth for the Eurozone1 was close to zero, but never declined. Illustrating the depth of the 2008-2009 global recession, real GDP growth in the Eurozone economies contracted year-over-year, as of March 2009.
Most developed markets outside of the U.S. and Canada witnessed a more vicious decline than U.S. markets as measured in U.S. Dollars. This difference in returns was driven largely by currency movements. The U.S. Dollar was the primary beneficiary of the move to safe assets, as investors viewed the U.S. Dollar as a safe haven. This, in turn, caused currencies like the Euro, British Pound, and Australian Dollar to decline in value. Measured against the U.S. Dollar, the Euro fell 16%, the British Pound fell 28% and the Australian Dollar fell 24%. These currency movements magnified the declines of the local equities for the U.S. investor because currency gains or losses compound the returns of international equity investments. The only two currencies in the developed world to maintain value relative to the U.S. Dollar during the period were the Japanese Yen and Hong Kong Dollar. Whereas the Hong Kong Dollar is pegged to the U.S. Dollar, the Japanese Yen benefited from heightened risk aversion and emerged as a safe haven currency that investors flocked to as they exited riskier positions.
Summary of Fund Performance vs. Capitalization-Weighted Benchmarks for Year Ended March 31, 2009
| Ticker | WisdomTree Fund | 1 Year | Capitalization-weighted Benchmark Index |
1 Year | 1 Year Fund vs. Index | |||||
| DBR |
WT Intl Health Care Sector Fund | (27.28)% | S&P/Citigroup BMI World ex-U.S. Health Care Sector Index | (28.43)% | 1.15% | |||||
| DGG |
WT Intl Communications Sector Fund | (34.87)% | S&P/Citigroup BMI World ex-U.S. Telecommunication Services Sector Index | (31.83)% | (3.04)% | |||||
| DKA |
WT Intl Energy Sector Fund | (37.05)% | S&P/Citigroup BMI World ex-U.S. Energy Sector Index | (37.70)% | 0.65% | |||||
| DPN |
WT Intl Consumer Staples Sector Fund | (37.75)% | S&P/Citigroup BMI World ex-U.S. Consumer Staples Sector Index | (37.20)% | (0.55)% | |||||
| DBT |
WT Intl Technology Sector Fund | (41.44)% | S&P/Citigroup BMI World ex-U.S. Information Technology Sector Index | (43.90)% | 2.46% | |||||
| DBU |
WT Intl Utilities Sector Fund | (42.00)% | S&P/Citigroup BMI World ex-U.S. Utilities Sector Index | (40.07)% | (1.93)% | |||||
| DPC |
WT Intl Consumer Discretionary Sector Fund | (48.59)% | S&P/Citigroup BMI World ex-U.S. Consumer Discretionary Sector Index | (45.22)% | (3.37)% | |||||
| DDI |
WT Intl Industrial Sector Fund | (50.94)% | S&P/Citigroup BMI World ex-U.S. Industrial Sector Index | (49.49)% | (1.45)% | |||||
| DBN |
WT Intl Basic Materials Sector Fund | (52.10)% | S&P/Citigroup BMI World ex-U.S. Materials Sector Index | (51.06)% | (1.04)% | |||||
| DRW |
WT Intl Real Estate Fund | (57.85)% | DJ Wilshire ex-U.S. RESI Index | (56.59)% | (1.26)% | |||||
| DRF |
WT Intl Financial Sector Fund | (58.33)% | S&P/Citigroup BMI World ex-U.S. Financials Sector Index | (57.57)% | (0.76)% |
| 2 | WisdomTree International Dividend Sector Funds |
Table of Contents
Management’s Discussion of Funds’ Performance
(concluded)
None of the 11 WisdomTree International Sector Funds had a positive return for the period and the losses ranged from (27.3)% to (58.3)%. The largest declines were seen in the Financial and Real Estate sectors, as the credit crisis sparked by the bankruptcy of Lehman Brothers in September 2008 spread across the developed world in late 2008 and early 2009. Banks were afraid to lend to each other, and credit spreads increased significantly. With credit virtually unavailable, business costs rose and investment decisions were put on hold. Real estate companies, which are heavily reliant on the debt markets, were especially hurt, but the implications of the credit crisis were felt through the entire economy and across all 11 international sector funds.
Sectors traditionally viewed as “defensive”, that is sectors whose earnings tend to be relatively less impacted by downturns in the economy, fared better than broader international market averages during the period. For example, the WisdomTree International Health Care Sector Fund and the WisdomTree International Communications Sector Fund had the smallest declines of the WisdomTree International Sector family.
Sectors that were more cyclically tied to the performance of the economy fared worse than the overall market averages. These sectors most cyclically tied to the performance in the economy included: Consumer Discretionary, Industrials, and Basic Materials. With the drop in demand from the slowdown in the global economy, prices of raw materials and commodities started crashing in mid 2008, hurting the International Basic Materials sector. With unemployment rising and consumer spending decreasing, the International Industrial and International Consumer Discretionary sectors fell more than the broader market averages.
The views expressed in this report reflect those of Wisdom Tree Asset Management only through the end of the period of the report as stated on the cover. The portfolio managers’ views are subject to change at any time based on market and other conditions and should not be construed as a recommendation. Past performance is no guarantee of future results.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore index returns do not reflect deductions for fees or expenses. 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 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.
1Eurozone is a currency union of 16 European Union (EU) states which have adopted the Euro as their sole currency.
The MSCI EAFE Index is a market capitalization-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan. S&P/Citigroup® BMI World ex-U.S. Sector Indexes are indexes that track specific sectors of developed global markets outside the United States; the Dow Jones Wilshire ex-U.S. Real Estate Securities Index is designed to provide measures of real estate securities that serve as proxies for direct real estate investing in the international markets and is weighted by float-adjusted market cap. Index performance information assumes the reinvestment of gross dividends and excludes management fees, transaction costs and expenses. You cannot directly invest in an index.
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 Sector Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Basic Materials Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| BHP Billiton Ltd. |
10.1% | |
| BASF SE |
8.4% | |
| Bayer AG |
6.4% | |
| BHP Billiton PLC |
4.8% | |
| Air Liquide S.A. |
4.5% | |
| CRH PLC |
3.1% | |
| Rio Tinto PLC |
2.8% | |
| Lafarge S.A. |
2.6% | |
| Holcim Ltd. |
2.4% | |
| Nippon Steel Corp. |
2.2% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Basic Materials Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Basic Materials Sector Index.
The WisdomTree International Basic Materials Sector Fund (Ticker Symbol: DBN) returned (52.10)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Australia detracted the most from returns, with an average weight of 18.63% of the Fund and returns of (55.24)% over the period. The Fund’s decline was least affected by Norway which returned (61.99)%, with an average weight of 0.57% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Basic Materials Sector Index |
S&P/ Citigroup BMI ex-U.S. Materials Sector Index |
|||||||||
| One Year |
(52.10 | )% | (51.86 | )% | (52.04 | )% | (51.06 | )% | ||||
| Since Inception1 |
(14.42 | )% | (14.23 | )% | (13.76 | )% | (12.42 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 4 | WisdomTree International Dividend Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Communications Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Telefonica S.A. |
5.9% | |
| Vodafone Group PLC |
5.8% | |
| Deutsche Telekom AG |
5.6% | |
| China Mobile Ltd. |
5.6% | |
| France Telecom S.A. |
5.5% | |
| Telstra Corp. Ltd. |
5.3% | |
| NTT DoCoMo, Inc. |
4.7% | |
| Nippon Telegraph & Telephone Corp. |
4.5% | |
| Singapore Telecommunications Ltd. |
4.4% | |
| Koninklijke KPN N.V. |
4.3% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Communications Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Communications Sector Index.
The WisdomTree International Communications Sector Fund (Ticker Symbol: DGG) returned (34.87)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 14.39% of the Fund and returns of (49.53)% over the period. The Fund’s decline was least affected by Switzerland which returned (13.76)%, with an average weight of 2.90% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Communications Sector Index |
S&P/ Citigroup BMI World ex-U.S. Telecommunication Services Sector Index |
|||||||||
| One Year |
(34.87 | )% | (34.53 | )% | (34.63 | )% | (31.83 | )% | ||||
| Since Inception1 |
(8.42 | )% | (8.60 | )% | (7.90 | )% | (7.16 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Sector Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Consumer Discretionary Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Toyota Motor Corp. |
9.6% | |
| Vivendi |
6.9% | |
| Hennes & Mauritz AB Class B |
4.1% | |
| Daimler AG |
3.7% | |
| Honda Motor Co., Ltd. |
3.2% | |
| LVMH Moet Hennessy Louis Vuitton S.A. |
3.1% | |
| Volkswagen AG |
2.8% | |
| Inditex S.A. |
2.7% | |
| Bayerische Motoren Werke AG |
1.8% | |
| Marks & Spencer Group 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. |
The WisdomTree International Consumer Discretionary Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Consumer Discretionary Sector Index.
The WisdomTree International Consumer Discretionary Sector Fund (Ticker Symbol: DPC) returned (48.59)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). France detracted the most from returns, with an average weight of 18.76% of the Fund and returns of (55.22)% over the period. The Fund’s decline was least affected by Denmark which returned (79.50)%, with an average weight of 0.05% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Consumer Discretionary Sector Index |
S&P/ Citigroup BMI World ex-U.S. Consumer Discretionary Sector Index |
|||||||||
| One Year |
(48.59 | )% | (48.71 | )% | (48.45 | )% | (45.22 | )% | ||||
| Since Inception1 |
(21.38 | )% | (21.47 | )% | (21.50 | )% | (20.76 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 6 | WisdomTree International Dividend Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Consumer Staples Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Nestle S.A. |
11.6% | |
| British American Tobacco PLC |
7.0% | |
| Anheuser-Busch InBev N.V. |
4.9% | |
| Unilever N.V. CVA |
4.8% | |
| Tesco PLC |
4.3% | |
| Diageo PLC |
4.2% | |
| L’Oreal S.A. |
3.8% | |
| Woolworths Ltd. |
3.7% | |
| Unilever PLC |
3.4% | |
| Carrefour S.A. |
3.4% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Consumer Staples Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Consumer Staples Sector Index.
The WisdomTree International Consumer Staples Sector Fund (Ticker Symbol: DPN) returned (37.75)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 35.39% of the Fund and returns of (35.32)% over the period. The Fund’s decline was least affected by Hong Kong which returned (18.09)%, with an average weight of 0.28% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Consumer Staples Sector Index |
S&P/ Consumer Staples |
|||||||||
| One Year |
(37.75 | )% | (38.80 | )% | (38.00 | )% | (37.20 | )% | ||||
| Since Inception1 |
(12.76 | )% | (13.77 | )% | (13.30 | )% | (8.04 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Sector Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Energy Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| TOTAL S.A. |
8.8% | |
| BP PLC |
8.6% | |
| Royal Dutch Shell PLC Class A |
7.1% | |
| ENI SpA |
7.0% | |
| Royal Dutch Shell PLC Class B |
6.7% | |
| StatoilHydro ASA |
5.1% | |
| CNOOC Ltd. |
4.7% | |
| TonenGeneral Sekiyu KK |
4.6% | |
| Nippon Oil Corp. |
3.4% | |
| Repsol YPF S.A. |
3.4% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Energy Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Energy Sector Index.
The WisdomTree International Energy Sector Fund (Ticker Symbol: DKA) returned (37.05)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 24.84% of the Fund and returns of (30.13)% over the period. The Fund benefitted most by Japan which returned 0.05%, but only comprised on average 7.58% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Energy Sector Index |
S&P/ Citigroup BMI World ex-U.S. Energy Sector Index |
|||||||||
| One Year |
(37.05 | )% | (37.09 | )% | (36.89 | )% | (37.70 | )% | ||||
| Since Inception1 |
(8.42 | )% | (8.90 | )% | (8.21 | )% | (9.65 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 8 | WisdomTree International Dividend Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Financial Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| HSBC Holdings PLC |
7.2% | |
| Westpac Banking Corp. |
4.8% | |
| Commonwealth Bank of Australia |
4.5 % | |
| BNP Paribas |
4.2% | |
| Banco Santander S.A. |
4.0% | |
| National Australia Bank Ltd. |
3.6% | |
| Credit Agricole S.A. |
3.3% | |
| Australia & New Zealand Banking Group Ltd. |
3.3% | |
| AXA S.A. |
2.9% | |
| Credit Suisse Group AG |
2.7% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Financial Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Financial Sector Index.
The WisdomTree International Financial Sector Fund (Ticker Symbol: DRF) returned (58.33)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). United Kingdom detracted the most from returns, with an average weight of 18.73% of the Fund and returns of (66.41)% over the period. The Fund’s decline was least affected by Portugal which returned (63.61)%, with an average weight of 0.39% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Financial Sector Index |
S&P/ Sector Index |
|||||||||
| One Year |
(58.33 | )% | (56.87 | )% | (58.35 | )% | (57.57 |
)% | ||||
| Since Inception1 |
(30.21 | )% | (29.70 | )% | (29.94 | )% | (30.63 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Sector Funds | 9 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Health Care Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Roche Holding AG |
7.3% | |
| Sanofi-Aventis S.A. |
7.2% | |
| GlaxoSmithKline PLC |
6.9% | |
| AstraZeneca PLC |
6.8% | |
| Novartis AG |
6.4% | |
| Takeda Pharmaceutical Co., Ltd. |
5.0% | |
| Novo Nordisk A/S Class B |
2.5% | |
| Astellas Pharma, Inc. |
2.4% | |
| Eisai Co., Ltd. |
2.2% | |
| Daiichi Sankyo Co., Ltd. |
2.0% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Health Care Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Health Care Sector Index.
The WisdomTree International Health Care Sector Fund (Ticker Symbol: DBR) returned (27.28)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Japan detracted the most from returns, with an average weight of 24.61% of the Fund and returns of (22.28)% over the period. The Fund’s decline was least affected by Ireland which returned (63.55)%, with an average weight of 0.03% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Health Care Sector Index |
S&P/ Citigroup BMI World ex-U.S. Health Care Sector Index |
|||||||||
| One Year |
(27.28 | )% | (26.75 | )% | (27.12 | )% | (28.43 | )% | ||||
| Since Inception1 |
(11.07 | )% | (11.21 | )% | (10.81 | )% | (11.79 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 10 | WisdomTree International Dividend Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Industrial Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Siemens AG |
3.9% | |
| Schneider Electric S.A. |
3.4% | |
| Cie de Saint-Gobain |
2.8% | |
| Vinci S.A. |
2.8% | |
| Deutsche Post AG |
2.4% | |
| ACS Actividades de Construccion y Servicios, S.A. |
2.4% | |
| Wesfarmers Ltd. |
2.3% | |
| Bouygues S.A. |
1.9% | |
| AB Volvo Class B |
1.9% | |
| BAE Systems PLC |
1.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Industrial Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Industrial Sector Index.
The WisdomTree International Industrial Sector Fund (Ticker Symbol: DDI) returned (50.94)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). France detracted the most from returns, with an average weight of 15.69% of the Fund and returns of (51.12)% over the period. The Fund’s decline was least affected by Portugal which returned (52.59)%, with an average weight of 0.39% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Industrial Sector Index |
S&P/ Industrial |
|||||||||
| One Year |
(50.94 | )% | (50.27 | )% | (50.54 | )% | (49.49 | )% | ||||
| Since Inception1 |
(19.07 | )% | (18.97 | )% | (19.09 | )% | (17.32 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Sector Funds | 11 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Technology Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Nokia Oyj |
17.7% | |
| Telefonaktiebolaget LM Ericsson Class B |
9.6% | |
| Canon, Inc. |
8.8% | |
| SAP AG |
5.9% | |
| Panasonic Corp. |
5.7% | |
| Oracle Corp. |
2.6% | |
| HOYA CORP. |
2.5% | |
| Ricoh Co., Ltd. |
2.0% | |
| Neopost S.A. |
1.9% | |
| Cap Gemini S.A. |
1.8% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Technology Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Technology Sector Index.
The WisdomTree International Technology Sector Fund (Ticker Symbol: DBT) returned (41.44)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Japan detracted the most from returns, with an average weight of 43.58% of the Fund and returns of (38.71)% over the period. The Fund’s decline was least affected by Denmark which returned (11.83)%, with an average weight of 0.12% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Technology Sector Index |
S&P/ Citigroup BMI World ex-U.S. Information Technology Sector Index |
|||||||||
| One Year |
(41.44 | )% | (40.24 | )% | (41.42 | )% | (43.90 | )% | ||||
| Since Inception1 |
(21.45 | )% | (21.14 | )% | (21.19 | )% | (20.62 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 12 | WisdomTree International Dividend Sector Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Utilities Sector Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Gaz de France Suez |
12.2% | |
| Enel SpA |
8.6% | |
| Electricite de France |
7.8% | |
| E.ON AG |
7.1% | |
| RWE AG |
5.6% | |
| Iberdrola S.A. |
4.4% | |
| National Grid PLC |
4.2% | |
| Union Fenosa S.A. |
3.5% | |
| Tokyo Electric Power Co., Inc. (The) |
3.3% | |
| CLP Holdings Ltd. |
3.0% | |
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree International Utilities Sector Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Utilities Sector Index.
The WisdomTree International Utilities Sector Fund (Ticker Symbol: DBU) returned (42.00)% at net asset value (“NAV”) for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). France detracted the most from returns, with an average weight of 22.53% of the Fund and returns of (48.53)% over the period. The Fund’s decline was least affected by Norway which returned (61.57)%, with an average weight of 0.05% of the Fund.
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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Utilities Sector Index |
S&P/ Utilities |
|||||||||
| One Year |
(42.00 | )% | (41.67 | )% | (42.35 | )% | (40.07 | )% | ||||
| Since Inception1 |
(10.18 | )% | (10.19 | )% | (9.71 | )% | (8.95 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the NYSE on October 13, 2006. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| WisdomTree International Dividend Sector Funds | 13 |
Table of Contents
Performance Summary (unaudited)
WisdomTree International Real Estate Fund
Country Breakdown† as of 3/31/09
| † | The Fund’s country breakdown is expressed as a percentage of total investments and may change over time; does not include overnight investments in U.S. money market funds or investments of cash collateral for securities loaned. |
| # | Amount represents less than 0.05%. |
Top Ten Holdings* as of 3/31/09
| Description | % of Net Assets | |
| Westfield Group |
8.4% | |
| Unibail-Rodamco |
7.1% | |
| Sun Hung Kai Properties Ltd. |
4.4% | |
| Cheung Kong Holdings Ltd. |
4.1% | |
| Hang Lung Properties Ltd. |
2.1% | |
| Swire Pacific Ltd. Class A |
2.0% | |
| Land Securities Group PLC |
1.8% | |
| ICADE |
1.8% | |
| Gecina S.A. |
1.8% | |
| Henderson Land Development Co., 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. |
The WisdomTree International Real Estate Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree International Real Estate Index.
The WisdomTree International Real Estate Fund Ticker Symbol: (DRW) returned (57.85)% for the fiscal year ended March 31, 2009 (for more complete performance information, please see below). Australia detracted the most from returns, with an average weight of 23.46% of the Fund and returns of (69.23)% over the period. The Fund’s decline was least affected by Denmark which returned (77.01)%, with an average weight of 0.06% of the Fund.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share net asset value (“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 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 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 are 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. The annual expense ratio of the Fund is 0.58%.
Performance as of 3/31/09
| Average Annual Total Return | ||||||||||||
| Net Asset Value | Market Price | WisdomTree International Real Estate Index |
Dow Jones Wilshire ex-U.S. RESI Index |
|||||||||
| One Year |
(57.85 | )% | (58.17 | )% | (58.59 | )% | (56.59 | )% | ||||
| Since Inception1 |
(43.41 | )% | (43.46 | )% | (43.58 | )% | (44.86 | )% | ||||
| 1 |
Total returns are calculated based on the commencement of trading on the AMEX on June 5, 2007. |
Performance quoted represents past performance and past performance does not guarantee future results. Current performance may be higher or lower than the performance quoted. For the most recent month-end performance information visit www.wisdomtree.com. Investment in the Fund poses investment risk including the possible loss of principal. The investment return and principal value of an investment will fluctuate, so that shares, when sold or redeemed, may be worth more or less than their original cost. 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 less than one year have not been annualized. Index returns do not reflect expenses paid by the Fund.
| 14 | WisdomTree International Dividend Sector Funds |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2008 to March 31, 2009.
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 Period 10/01/08 to 3/31/09” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| WisdomTree International Dividend Sector Funds | 15 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/08 |
Ending Account Value 3/31/09 |
Annualized Expense Ratio Based on the Period 10/01/08 to 3/31/09 |
Expenses Paid During the Period† 10/01/08 to 3/31/09 | |||||||||
| WisdomTree International Basic Materials Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 664.77 | 0.58 | % | $ | 2.41 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Communications Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 809.41 | 0.58 | % | $ | 2.62 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Consumer Discretionary Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 696.97 | 0.58 | % | $ | 2.45 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Consumer Staples Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 752.26 | 0.58 | % | $ | 2.53 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Energy Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 763.41 | 0.58 | % | $ | 2.55 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Financial Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 560.14 | 0.58 | % | $ | 2.26 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Health Care Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 791.10 | 0.58 | % | $ | 2.59 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Industrial Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 674.64 | 0.58 | % | $ | 2.42 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Technology Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 744.75 | 0.58 | % | $ | 2.52 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Utilities Sector Fund | ||||||||||||
| Actual |
$ | 1,000.00 | $ | 697.15 | 0.58 | % | $ | 2.45 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.04 | 0.58 | % | $ | 2.92 | ||||
| WisdomTree International Real Estate Fund |
||||||||||||
| Actual |
$ | 1,000.00 | $ | 606.03 | 0.58 | % | $ | 2.34 | ||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,022.02 | 0.58 | % | $ | 2.95 | ||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period). |
| 16 | WisdomTree International Dividend Sector Funds |
Table of Contents
WisdomTree International Basic Materials Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.1% | |||||
| Australia – 16.9% | |||||
| Adelaide Brighton Ltd. |
43,838 | $ | 59,547 | ||
| BHP Billiton Ltd. |
102,066 | 2,262,912 | |||
| BlueScope Steel Ltd. |
63,303 | 113,036 | |||
| Boral Ltd. |
73,703 | 184,864 | |||
| Brickworks Ltd. |
9,196 | 62,999 | |||
| Energy Resources of Australia Ltd. |
3,587 | 52,935 | |||
| Felix Resources Ltd. |
1,014 | 6,165 | |||
| Gunns Ltd. |
44,387 | 27,756 | |||
| Incitec Pivot Ltd. |
49,895 | 73,494 | |||
| Independence Group NL |
4,501 | 8,131 | |||
| Kagara Ltd.* |
6,519 | 1,948 | |||
| Macmahon Holdings Ltd. |
32,980 | 10,082 | |||
| Minara Resources Ltd.* |
213,572 | 59,356 | |||
| Mincor Resources NL |
11,865 | 6,677 | |||
| Newcrest Mining Ltd. |
1,143 | 25,993 | |||
| Nufarm Ltd. |
6,784 | 53,263 | |||
| OneSteel Ltd. |
45,221 | 70,694 | |||
| Orica Ltd. |
16,100 | 165,445 | |||
| Panoramic Resources Ltd. |
15,615 | 11,934 | |||
| Rio Tinto Ltd. |
10,745 | 422,331 | |||
| Sims Metal Management Ltd. |
9,144 | 106,735 | |||
| Total Australia | 3,786,297 | ||||
| Austria – 0.4% | |||||
| voestalpine AG* |
6,781 | 88,681 | |||
| Belgium – 1.7% | |||||
| Solvay S.A.* |
3,995 | 279,794 | |||
| Tessenderlo Chemie N.V.* |
1,483 | 45,090 | |||
| Umicore* |
3,587 | 66,222 | |||
| Total Belgium | 391,106 | ||||
| Denmark – 0.1% | |||||
| Auriga Industries Class B* |
826 | 14,283 | |||
| Rockwool International AS Class B* |
274 | 16,655 | |||
| Total Denmark | 30,938 | ||||
| Finland – 4.3% | |||||
| Ahlstrom Oyj* |
4,576 | 37,729 | |||
| Kemira Oyj* |
10,570 | 67,783 | |||
| Outokumpu Oyj*(a) |
12,997 | 140,810 | |||
| Rautaruukki Oyj* |
11,363 | 181,945 | |||
| Stora Enso Oyj Class R* |
66,540 | 235,882 | |||
| UPM-Kymmene Oyj*(a) |
52,439 | 302,861 | |||
| Total Finland | 967,010 | ||||
| France – 9.6% | |||||
| Air Liquide S.A.* |
12,477 | 1,014,567 | |||
| Arkema S.A. |
2,286 | 36,118 | |||
| Ciments Francais S.A.* |
1,644 | 120,138 | |||
| Eramet |
507 | 111,456 | |||
| Imerys S.A.* |
4,744 | 173,558 | |||
| Lafarge S.A.* |
13,099 | 589,400 | |||
| Sa des Ciments Vicat* |
2,731 | 120,925 | |||
| Total France | 2,166,162 | ||||
| Investments | Shares | U.S. $ Value | |||
| Germany – 18.7% | |||||
| BASF SE* |
62,677 | $ | 1,896,499 | ||
| Bayer AG* |
29,994 | 1,433,630 | |||
| H&R WASAG AG* |
1,925 | 20,140 | |||
| HeidelbergCement AG*(a) |
2,522 | 82,606 | |||
| K+S AG* |
1,224 | 56,765 | |||
| Lanxess AG* |
4,352 | 74,134 | |||
| Linde AG* |
4,508 | 306,326 | |||
| Norddeutsche Affinerie AG* |
2,529 | 64,167 | |||
| Salzgitter AG* |
1,516 | 84,698 | |||
| Symrise AG* |
5,779 | 68,364 | |||
| Wacker Chemie AG* |
1,216 | 100,954 | |||
| Total Germany | 4,188,283 | ||||
| Ireland – 3.1% | |||||
| CRH PLC |
31,992 | 689,930 | |||
| Italy – 1.1% | |||||
| Buzzi Unicem SpA* |
6,488 | 72,746 | |||
| Buzzi Unicem SpA RSP* |
2,223 | 13,547 | |||
| Cementir Holding SpA* |
6,342 | 17,598 | |||
| Italcementi SpA* |
8,708 | 88,100 | |||
| Italcementi SpA RSP* |
7,325 | 38,610 | |||
| Italmobiliare SpA RSP* |
1,072 | 20,268 | |||
| Total Italy | 250,869 | ||||
| Japan – 19.7% | |||||
| ADEKA Corp. |
3,600 | 22,233 | |||
| Advan Co., Ltd.* |
1,400 | 6,463 | |||
| Aichi Steel Corp. |
6,000 | 16,037 | |||
| Air Water, Inc. |
5,000 | 43,637 | |||
| Asahi Kasei Corp. |
51,000 | 183,305 | |||
| Chuetsu Pulp & Paper Co., Ltd. |
5,000 | 12,554 | |||
| Chuo Denki Kogyo Co., Ltd.* |
1,000 | 5,082 | |||
| Daicel Chemical Industries Ltd. |
7,000 | 25,018 | |||
| Daido Steel Co., Ltd. |
9,000 | 22,142 | |||
| Daiken Corp. |
8,000 | 12,959 | |||
| Dainichiseika Color & Chemicals Manufacturing Co., Ltd. |
3,000 | 6,500 | |||
| Daio Paper Corp. |
3,000 | 26,455 | |||
| Denki Kagaku Kogyo K.K. |
17,000 | 30,465 | |||
| DIC Corp. |
23,000 | 33,532 | |||
| DOWA Holding Co., Ltd.* |
11,000 | 40,873 | |||
| Furukawa-Sky Aluminum Corp. |
10,000 | 15,389 | |||
| Godo Steel Ltd.* |
3,000 | 7,320 | |||
| Hokuetsu Paper Mills Ltd. |
8,500 | 36,145 | |||
| JFE Holdings, Inc. |
20,200 | 438,686 | |||
| JSR Corp. |
5,800 | 67,237 | |||
| Kaneka Corp. |
12,000 | 58,803 | |||
| Koatsu Gas Kogyo Co., Ltd. |
2,000 | 9,132 | |||
| Kobe Steel Ltd. |
107,000 | 136,499 | |||
| Kuraray Co., Ltd. |
12,000 | 101,448 | |||
| Kureha Corp. |
4,000 | 14,660 | |||
| Kyoei Steel Ltd. |
1,700 | 33,201 | |||
| Mitsubishi Chemical Holdings Corp. |
55,500 | 188,802 | |||
| Mitsubishi Gas Chemical Co., Inc. |
15,000 | 63,785 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Basic Materials Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Mitsubishi Paper Mills Ltd.* |
10,000 | $ | 13,871 | ||
| Mitsubishi Rayon Co., Ltd. |
31,000 | 59,320 | |||
| Mitsui Chemicals, Inc. |
30,000 | 72,593 | |||
| Nakayama Steel Works Ltd. |
3,000 | 5,832 | |||
| Nippon Chemical Industrial Co., Ltd. |
3,000 | 4,799 | |||
| Nippon Denko Co., Ltd. |
3,000 | 8,899 | |||
| Nippon Kayaku Co., Ltd. |
8,000 | 40,093 | |||
| Nippon Metal Industry Co., Ltd. |
6,000 | 6,925 | |||
| Nippon Mining Holdings, Inc. |
34,000 | 134,251 | |||
| Nippon Shokubai Co., Ltd. |
6,000 | 37,785 | |||
| Nippon Soda Co., Ltd.* |
3,000 | 8,717 | |||
| Nippon Steel Corp.* |
185,000 | 492,609 | |||
| Nippon Synthetic Chemical Industry Co., Ltd. (The)* |
3,000 | 8,444 | |||
| Nippon Yakin Kogyo Co., Ltd. |
2,500 | 5,417 | |||
| Nissan Chemical Industries Ltd. |
4,000 | 33,249 | |||
| Nisshin Steel Co., Ltd. |
34,000 | 56,799 | |||
| Nittetsu Mining Co., Ltd. |
2,000 | 5,508 | |||
| Nitto Boseki Co., Ltd.* |
8,000 | 14,012 | |||
| NOF Corp. |
7,000 | 23,600 | |||
| OJI Paper Co., Ltd. |
40,000 | 161,993 | |||
| OSAKA Titanium Technologies Co. |
800 | 20,654 | |||
| Pacific Metals Co., Ltd. |
12,000 | 52,243 | |||
| Sanyo Chemical Industries Ltd. |
4,000 | 18,670 | |||
| Sanyo Special Steel Co., Ltd. |
5,000 | 11,795 | |||
| Sekisui Jushi Corp. |
1,000 | 7,411 | |||
| Sekisui Plastics Co., Ltd. |
3,000 | 8,808 | |||
| Shin-Etsu Chemical Co., Ltd. |
9,900 | 478,111 | |||
| Shin-Etsu Polymer Co., Ltd. |
2,400 | 10,278 | |||
| Showa Denko K.K.* |
41,000 | 50,228 | |||
| Sumitomo Bakelite Co., Ltd. |
10,000 | 39,992 | |||
| Sumitomo Chemical Co., Ltd. |
44,000 | 148,345 | |||
| Sumitomo Light Metal Industries Ltd.* |
10,000 | 8,910 | |||
| Sumitomo Metal Industries Ltd. |
152,000 | 303,169 | |||
| Sumitomo Osaka Cement Co., Ltd. |
14,000 | 32,176 | |||
| Sumitomo Seika Chemicals Co., Ltd. |
3,000 | 8,231 | |||
| T. Hasegawa Co., Ltd. |
1,500 | 16,189 | |||
| Taiyo Nippon Sanso Corp. |
8,000 | 51,919 | |||
| Takasago International Corp. |
3,000 | 14,792 | |||
| Toagosei Co., Ltd. |
8,000 | 17,819 | |||
| Toho Zinc Co., Ltd.* |
4,000 | 10,084 | |||
| Tokushu Tokai Holdings Co., Ltd.* |
9,000 | 23,145 | |||
| Tokuyama Corp. |
4,000 | 25,311 | |||
| Tokyo Ohka Kogyo Co., Ltd. |
1,200 | 16,608 | |||
| Tokyo Steel Manufacturing Co., Ltd. |
3,600 | 35,829 | |||
| Tosoh Corp. |
17,000 | 32,014 | |||
| Ube Industries Ltd.* |
20,000 | 36,043 | |||
| Ube Material Industries Ltd.* |
3,000 | 5,072 | |||
| Wood One Co., Ltd. |
2,000 | 5,083 | |||
| Yamato Kogyo Co., Ltd. |
1,000 | 21,262 | |||
| Yodogawa Steel Works Ltd. |
8,000 | 32,722 | |||
| Zeon Corp. |
10,000 | 26,830 | |||
| Total Japan | 4,422,821 | ||||
| Investments | Shares | U.S. $ Value | |||
| Netherlands – 1.0% | |||||
| Innoconcepts* |
718 | $ | 1,974 | ||
| Koninklijke DSM N.V.* |
8,382 | 220,517 | |||
| Total Netherlands | 222,491 | ||||
| New Zealand – 1.3% | |||||
| Fletcher Building Ltd. |
83,559 | 286,148 | |||
| Norway – 0.4% | |||||
| Yara International ASA* |
3,884 | 84,703 | |||
| Portugal – 1.3% | |||||
| Cimpor Cimentos de Portugal SGPS S.A.* |
46,391 | 230,729 | |||
| Portucel-Empresa Produtora De Pasta E Papel, S.A.* |
13,503 | 25,888 | |||
| Semapa-Sociedade de Investimento e Gestao* |
5,381 | 45,366 | |||
| Total Portugal | 301,983 | ||||
| Singapore – 0.0% | |||||
| Hong Leong Asia Ltd.* |
21,000 | 7,322 | |||
| Spain – 0.9% | |||||
| Acerinox S.A. |
8,944 | 103,906 | |||
| Cementos Portland Valderrivas S.A.(a) |
3,105 | 73,174 | |||
| Grupo Empresarial Ence S.A. |
1,875 | 5,128 | |||
| Tubacex S.A. |
2,972 | 6,235 | |||
| Tubos Reunidos S.A. |
8,795 | 20,318 | |||
| Total Spain | 208,761 | ||||
| Sweden – 1.7% | |||||
| Boliden AB*(a) |
33,367 | 171,127 | |||
| Holmen AB Class B Series*(a) |
6,043 | 99,958 | |||
| SSAB Svenskt Stal AB Series A*(a) |
8,693 | 73,604 | |||
| SSAB Svenskt Stal AB Series B* |
3,306 | 26,093 | |||
| Total Sweden | 370,782 | ||||
| Switzerland – 6.2% | |||||
| Ciba Holding AG* |
9,821 | 428,754 | |||
| Holcim Ltd.* |
14,873 | 530,800 | |||
| Schmolz + Bickenbach AG* |
540 | 6,862 | |||
| Syngenta AG* |
2,118 | 427,307 | |||
| Total Switzerland | 1,393,723 | ||||
| United Kingdom – 9.7% | |||||
| Antofagasta PLC |
9,758 | 70,563 | |||
| BHP Billiton PLC |
53,832 | 1,068,668 | |||
| Bunzl PLC |
15,406 | 120,679 | |||
| Croda International PLC |
5,333 | 40,513 | |||
| Delta PLC |
9,770 | 15,194 | |||
| Elementis PLC |
29,204 | 11,511 | |||
| Hochschild Mining PLC |
4,919 | 15,018 | |||
| Johnson Matthey PLC |
1,982 | 29,915 | |||
| Marshalls PLC |
18,111 | 25,700 | |||
| Mondi PLC |
33,976 | 72,075 | |||
| Rio Tinto PLC |
18,925 | 637,465 | |||
| Vedanta Resources PLC |
4,120 | 39,891 | |||
| Victrex PLC |
2,948 | 21,466 | |||
| Total United Kingdom | 2,168,658 | ||||
| TOTAL COMMON STOCKS (Cost: $46,848,880) |
22,026,668 | ||||
See Notes to Financial Statements.
| 18 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Basic Materials Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| SHORT-TERM INVESTMENT – 0.6% | ||||||
| MONEY MARKET FUND – 0.6% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $150,562) |
150,562 | $ | 150,562 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.5% | ||||||
| MONEY MARKET FUND – 4.5% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $1,005,077)(d) |
1,005,077 | 1,005,077 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 103.2% (Cost: $48,004,519) |
23,182,307 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (3.2)% |
(722,779 | ) | ||||
| NET ASSETS – 100.0% | $ | 22,459,528 | ||||
| RSP-Risparmio | Italian Savings Shares |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $978,602 and the total market value of the collateral held by the Fund was $1,005,077. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 19 |
Table of Contents
Schedule of Investments
WisdomTree International Communications Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.9% | |||||
| Australia – 5.5% | |||||
| Reverse Corp., Ltd. |
8,105 | $ | 4,167 | ||
| Telstra Corp., Ltd. |
447,474 | 998,005 | |||
| Washington H. Soul Pattinson & Co., Ltd. |
4,356 | 30,265 | |||
| Total Australia | 1,032,437 | ||||
| Austria – 3.4% | |||||
| Telekom Austria AG* |
42,737 | 646,858 | |||
| Belgium – 6.7% | |||||
| Belgacom S.A.* |
22,210 | 695,922 | |||
| Mobistar S.A.* |
8,905 | 562,192 | |||
| Total Belgium | 1,258,114 | ||||
| Finland – 0.4% | |||||
| Elisa Oyj* |
4,773 | 69,645 | |||
| France – 5.5% | |||||
| France Telecom S.A.* |
45,724 | 1,041,138 | |||
| Germany – 5.6% | |||||
| Deutsche Telekom AG* |
84,673 | 1,051,130 | |||
| Greece – 2.8% | |||||
| Hellenic Telecommunications Organization S.A.* |
35,292 | 526,675 | |||
| Hong Kong – 9.2% | |||||
| China Mobile Ltd. |
120,000 | 1,045,161 | |||
| China Unicom (Hong Kong) Ltd. |
647,475 | 691,754 | |||
| Citic 1616 Holdings Ltd. |
17,000 | 3,247 | |||
| Total Hong Kong | 1,740,162 | ||||
| Italy – 7.1% | |||||
| Telecom Italia SpA* |
546,810 | 704,946 | |||
| Telecom Italia SpA RSP* |
617,518 | 628,437 | |||
| Total Italy | 1,333,383 | ||||
| Japan – 12.1% | |||||
| KDDI Corp. |
118 | 551,949 | |||
| Nippon Telegraph & Telephone Corp. |
22,409 | 846,265 | |||
| NTT DoCoMo, Inc.* |
653 | 883,933 | |||
| Total Japan | 2,282,147 | ||||
| Netherlands – 4.3% | |||||
| Koninklijke KPN N.V.* |
61,051 | 815,438 | |||
| New Zealand – 2.9% | |||||
| Telecom Corp. of New Zealand Ltd. |
424,802 | 552,799 | |||
| Portugal – 3.4% | |||||
| Portugal Telecom, SGPS, S.A. |
81,874 | 633,745 | |||
| Singapore – 5.0% | |||||
| Keppel Telecommunications & Transportation Ltd.* |
6,000 | 3,039 | |||
| MobileOne Ltd.* |
27,600 | 27,052 | |||
| Pacific Century Regional Developments Ltd.* |
101,000 | 11,295 | |||
| Singapore Telecommunications Ltd.* |
499,000 | 830,463 | |||
| StarHub Ltd.* |
56,842 | 73,660 | |||
| Total Singapore | 945,509 | ||||
| Spain – 5.9% | |||||
| Telefonica S.A.* |
55,471 | 1,106,206 | |||
| Investments | Shares | U.S. $ Value | ||||
| Sweden – 3.6% | ||||||
| Tele2 AB Class B* |
5,376 | $ | 45,194 | |||
| TeliaSonera AB*(a) |
130,288 | 624,074 | ||||
| Total Sweden | 669,268 | |||||
| Switzerland – 4.0% | ||||||
| Swisscom AG* |
2,649 | 744,926 | ||||
| United Kingdom – 11.5% | ||||||
| BT Group PLC |
392,642 | 440,105 | ||||
| Cable & Wireless PLC |
284,091 | 568,047 | ||||
| Inmarsat PLC |
8,094 | 56,760 | ||||
| Kcom Group PLC |
19,897 | 4,991 | ||||
| Telecom Plus PLC |
2,619 | 11,374 | ||||
| Vodafone Group PLC |
616,078 | 1,083,951 | ||||
| Total United Kingdom | 2,165,228 | |||||
| TOTAL COMMON STOCKS (Cost: $28,143,767) |
18,614,808 | |||||
| SHORT-TERM INVESTMENT – 0.5% | ||||||
| MONEY MARKET FUND – 0.5% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $89,247) |
89,247 | 89,247 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.3% | ||||||
| MONEY MARKET FUND – 3.3% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $614,047)(d) |
614,047 | 614,047 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 102.7% (Cost: $28,847,061) |
19,318,102 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (2.7)% |
(504,583 | ) | ||||
| NET ASSETS – 100.0% | $ | 18,813,519 | ||||
| RSP | – Risparmio Italian Savings Shares |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $613,330 and the total market value of the collateral held by the Fund was $614,047. |
See Notes to Financial Statements.
| 20 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Consumer Discretionary Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.5% | |||||
| Australia – 5.5% | |||||
| Amalgamated Holdings Ltd. |
708 | $ | 1,914 | ||
| APN News & Media Ltd. |
3,438 | 2,771 | |||
| ARB Corp., Ltd. |
519 | 1,082 | |||
| Aristocrat Leisure Ltd. |
2,861 | 6,779 | |||
| Austereo Group Ltd. |
2,484 | 1,993 | |||
| Automotive Holdings Group |
2,800 | 1,401 | |||
| Billabong International Ltd. |
1,232 | 7,276 | |||
| Breville Group Ltd. |
121 | 52 | |||
| Consolidated Media Holdings Ltd. |
8,296 | 11,528 | |||
| Corporate Express Australia Ltd. |
949 | 1,925 | |||
| Crown Ltd. |
1,774 | 7,827 | |||
| David Jones Ltd. |
4,365 | 8,492 | |||
| Fairfax Media Ltd.(a) |
11,841 | 8,351 | |||
| Fleetwood Corp., Ltd. |
383 | 1,485 | |||
| GUD Holdings Ltd. |
475 | 2,066 | |||
| Harvey Norman Holdings Ltd. |
5,410 | 9,660 | |||
| JB Hi-Fi Ltd. |
280 | 2,241 | |||
| Mitchell Communications Group Ltd. |
3,651 | 1,192 | |||
| Nomad Building Solutions Ltd. |
385 | 95 | |||
| Pacific Brands Ltd. |
3,926 | 668 | |||
| Photon Group Ltd. |
1,208 | 814 | |||
| Prime Media Group Ltd. |
989 | 350 | |||
| Seven Network Ltd. |
1,107 | 4,530 | |||
| STW Communications Group Ltd. |
2,277 | 775 | |||
| Super Cheap Auto Group Ltd. |
789 | 1,233 | |||
| TABCORP Holdings Ltd. |
5,877 | 26,542 | |||
| Tatts Group Ltd. |
11,553 | 22,235 | |||
| Ten Network Holdings Ltd. |
6,547 | 3,548 | |||
| Village Roadshow Ltd. |
756 | 452 | |||
| West Australian Newspapers Holdings Ltd. |
1,558 | 4,796 | |||
| Total Australia | 144,073 | ||||
| Denmark – 0.1% | |||||
| Bang & Olufsen A/S Class B* |
146 | 1,848 | |||
| Finland – 0.9% | |||||
| Alma Media Corp |
643 | 4,465 | |||
| Amer Sports Oyj Class A* |
480 | 3,180 | |||
| Nokian Renkaat Oyj* |
165 | 1,937 | |||
| Sanoma Oyj* |
877 | 11,201 | |||
| Stockmann Oyj Abp Class B* |
165 | 2,274 | |||
| Total Finland | 23,057 | ||||
| France – 19.4% | |||||
| Accor S.A.* |
948 | 32,996 | |||
| Canal Plus* |
544 | 3,395 | |||
| Compagnie Generale des Etablissements Michelin Class B* |
552 | 20,470 | |||
| Derichebourg* |
649 | 1,422 | |||
| Havas S.A.* |
661 | 1,702 | |||
| Hermes International* |
117 | 13,602 | |||
| IMS-Intl Metal Service* |
87 | 1,195 | |||
| IPSOS* |
53 | 1,168 | |||
| Lagardere SCA* |
502 | 14,087 | |||
| Investments | Shares | U.S. $ Value | |||
| LVMH Moet Hennessy Louis Vuitton S.A.* |
1,272 | $ | 79,865 | ||
| M6-Metropole Television* |
1,102 | 17,982 | |||
| NRJ Group* |
458 | 2,688 | |||
| PagesJaunes Groupe |
3,066 | 25,918 | |||
| Peugeot S.A.* |
1,117 | 21,118 | |||
| PPR* |
642 | 41,153 | |||
| Publicis Groupe* |
624 | 16,006 | |||
| Rallye S.A. |
260 | 4,674 | |||
| SEB S.A.* |
86 | 2,328 | |||
| Societe BIC S.A.* |
214 | 10,511 | |||
| Societe Television Francaise 1* |
1,830 | 14,338 | |||
| Vivendi* |
6,765 | 178,964 | |||
| Total France | 505,582 | ||||
| Germany – 10.3% | |||||
| Adidas AG* |
243 | 8,085 | |||
| Bayerische Motoren Werke AG* |
1,653 | 47,822 | |||
| Beate Uhse AG* |
1,672 | 1,332 | |||
| Daimler AG* |
3,769 | 95,478 | |||
| Douglas Holding AG* |
140 | 5,538 | |||
| Fielmann AG* |
101 | 6,217 | |||
| GFK AG* |
61 | 1,442 | |||
| Leoni AG* |
136 | 1,235 | |||
| Metro AG* |
714 | 23,557 | |||
| Praktiker Bau- und Heimwerkermaerkte AG* |
125 | 657 | |||
| Puma AG Rudolf Dassler Sport* |
18 | 2,731 | |||
| Takkt AG* |
141 | 1,217 | |||
| Volkswagen AG* |
236 | 72,475 | |||
| Total Germany | 267,786 | ||||
| Hong Kong – 0.6% | |||||
| Denway Motors Ltd. |
26,000 | 10,064 | |||
| Hongkong & Shanghai Hotels (The) |
3,000 | 1,889 | |||
| Oriental Press Group |
10,000 | 903 | |||
| Television Broadcasts Ltd. |
1,000 | 3,194 | |||
| Total Hong Kong | 16,050 | ||||
| Ireland – 0.1% | |||||
| Paddy Power PLC |
119 | 1,918 | |||
| Italy – 3.3% | |||||
| Benetton Group SpA* |
682 | 4,441 | |||
| Brembo SpA* |
299 | 1,175 | |||
| Bulgari SpA* |
1,364 | 5,994 | |||
| Cairo Communication SpA* |
1,155 | 2,960 | |||
| Fiat SpA RSP* |
555 | 2,713 | |||
| Geox SpA* |
913 | 5,697 | |||
| Lottomatica SpA* |
590 | 9,698 | |||
| Mediaset SpA* |
9,655 | 43,040 | |||
| Piaggio & C SpA* |
1,868 | 2,366 | |||
| Sogefi SpA* |
1,174 | 1,143 | |||
| Tod’s SpA* |
140 | 5,961 | |||
| Total Italy | 85,188 | ||||
| Japan – 31.2% | |||||
| ABC-Mart, Inc. |
100 | 1,916 | |||
| Aisan Industry Co., Ltd. |
200 | 915 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Consumer Discretionary Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Aisin Seiki Co., Ltd. |
400 | $ | 6,261 | ||
| Alpen Co., Ltd. |
100 | 1,671 | |||
| AOKI Holdings, Inc. |
100 | 892 | |||
| Asatsu-DK, Inc. |
100 | 1,667 | |||
| Avex Group Holdings, Inc. |
300 | 2,721 | |||
| Belluna Co., Ltd. |
150 | 386 | |||
| Best Denki Co., Ltd.* |
500 | 1,433 | |||
| Bridgestone Corp. |
1,000 | 14,265 | |||
| Culture Convenience Club Co., Ltd. |
300 | 2,050 | |||
| Daidoh Ltd.* |
400 | 2,094 | |||
| Daito Trust Construction Co., Ltd. |
200 | 6,682 | |||
| Daiwa House Industry Co., Ltd.* |
1,000 | 8,019 | |||
| DENSO Corp. |
1,000 | 19,763 | |||
| Don Quijote Co., Ltd. |
100 | 1,281 | |||
| Doshisha Co., Ltd. |
100 | 1,253 | |||
| EDION Corp. |
400 | 988 | |||
| Exedy Corp. |
100 | 1,259 | |||
| Fast Retailing Co., Ltd. |
100 | 11,309 | |||
| FCC Co., Ltd. |
200 | 2,049 | |||
| France Bed Holdings Co., Ltd. |
2,000 | 2,653 | |||
| Fuji Heavy Industries Ltd. |
1,000 | 3,260 | |||
| FUJIFILM Holdings Corp. |
400 | 8,606 | |||
| Futaba Industrial Co., Ltd. |
100 | 287 | |||
| Gulliver International Co., Ltd. |
70 | 1,052 | |||
| Gunze Ltd.* |
1,000 | 2,855 | |||
| Hakuhodo DY Holdings, Inc. |
40 | 1,709 | |||
| Hanwa Co., Ltd. |
1,000 | 2,521 | |||
| Heiwa Corp. |
700 | 6,159 | |||
| Hitachi High-Technologies Corp. |
200 | 2,800 | |||
| Honda Motor Co., Ltd. |
3,600 | 84,378 | |||
| Iida Home Max |
200 | 630 | |||
| Inaba Denki Sangyo Co., Ltd.* |
100 | 2,217 | |||
| Isetan Mitsukoshi Holdings Ltd.* |
340 | 2,606 | |||
| Isuzu Motors Ltd.* |
2,000 | 2,410 | |||
| ITOCHU Corp. |
3,000 | 14,519 | |||
| J Front Retailing Co., Ltd. |
1,381 | 4,754 | |||
| Kanto Auto Works Ltd. |
200 | 1,907 | |||
| Keihin Corp. |
200 | 2,124 | |||
| Keiyo Co., Ltd. |
400 | 2,061 | |||
| Koei Co., Ltd. |
300 | 2,400 | |||
| Konami Corp. |
200 | 2,993 | |||
| Kurabo Industries Ltd.* |
2,000 | 2,734 | |||
| Marubeni Corp. |
2,000 | 6,176 | |||
| Marui Group Co., Ltd. |
1,100 | 5,825 | |||
| Mazda Motor Corp. |
1,000 | 1,660 | |||
| Mitsubishi Corp. |
3,000 | 39,030 | |||
| Mitsui & Co., Ltd. |
3,000 | 29,948 | |||
| Moshi Moshi Hotline, Inc. |
100 | 1,766 | |||
| Namco Bandai Holdings, Inc. |
600 | 5,971 | |||
| Nifco, Inc. |
200 | 2,161 | |||
| Nippon Television Network Corp. |
30 | 2,800 | |||
| Nissin Kogyo Co., Ltd. |
200 | 1,705 | |||
| Nitori Co., Ltd. |
50 | 2,794 | |||
| Oriental Land Co., Ltd. |
100 | 6,358 | |||
| Investments | Shares | U.S. $ Value | |||
| Parco Co., Ltd. |
200 | $ | 1,371 | ||
| Plenus Co., Ltd. |
200 | 3,052 | |||
| Point, Inc. |
70 | 3,168 | |||
| Resorttrust, Inc. |
220 | 2,022 | |||
| Riken Corp. |
1,000 | 2,167 | |||
| Ryohin Keikaku Co., Ltd. |
100 | 3,898 | |||
| Saizeriya Co., Ltd.* |
100 | 1,019 | |||
| Sanei-International Co., Ltd.* |
100 | 661 | |||
| Sangetsu Co., Ltd. |
300 | 6,424 | |||
| Sankyo Co., Ltd. |
200 | 8,646 | |||
| Sankyo Seiko Co., Ltd.* |
500 | 921 | |||
| Sega Sammy Holdings, Inc. |
800 | 6,990 | |||
| Seiko Holdings Corp. |
1,000 | 1,934 | |||
| Seiren Co., Ltd. |
400 | 1,790 | |||
| Sekisui Chemical Co., Ltd. |
1,000 | 4,961 | |||
| Sekisui House Ltd. |
2,000 | 15,065 | |||
| Sharp Corp. |
2,000 | 15,713 | |||
| Shimachu Co., Ltd. |
100 | 1,678 | |||
| Showa Corp. |
300 | 1,060 | |||
| Sojitz Corp. |
2,700 | 3,198 | |||
| Sony Corp. |
800 | 16,183 | |||
| Square Enix Holdings Co., Ltd. |
200 | 3,764 | |||
| Stanley Electric Co., Ltd. |
300 | 3,323 | |||
| Sumitomo Corp. |
2,900 | 24,751 | |||
| Sumitomo Rubber Industries, Inc. |
700 | 4,649 | |||
| Sundrug Co., Ltd. |
200 | 3,041 | |||
| Suzuki Motor Corp. |
300 | 4,948 | |||
| Takata Corp. |
100 | 814 | |||
| Teijin Ltd. |
2,000 | 4,313 | |||
| Toei Co., Ltd. |
1,000 | 4,333 | |||
| Toho Co., Ltd. |
200 | 2,784 | |||
| Tokai Rika Co., Ltd. |
200 | 1,976 | |||
| Token Corp. |
60 | 1,434 | |||
| Tokyo Broadcasting System, Inc. |
200 | 2,620 | |||
| TOMY Co., Ltd. |
200 | 774 | |||
| Topre Corp. |
200 | 1,399 | |||
| Toray Industries, Inc. |
2,000 | 7,998 | |||
| Toyobo Co., Ltd.* |
2,000 | 2,572 | |||
| Toyoda Gosei Co., Ltd. |
200 | 3,003 | |||
| Toyota Auto Body Co., Ltd. |
200 | 2,904 | |||
| Toyota Boshoku Corp. |
200 | 2,047 | |||
| Toyota Motor Corp. |
7,900 | 249,549 | |||
| Toyota Tsusho Corp. |
400 | 3,831 | |||
| Trusco Nakayama Corp. |
200 | 2,371 | |||
| TS Tech Co., Ltd. |
100 | 705 | |||
| Xebio Co., Ltd. |
100 | 1,453 | |||
| Yamada Denki Co., Ltd.* |
40 | 1,563 | |||
| Yamaha Corp. |
400 | 3,876 | |||
| Yamaha Motor Co., Ltd. |
500 | 4,429 | |||
| Yokohama Rubber Co., Ltd. (The) |
1,000 | 4,141 | |||
| Zensho Co., Ltd.(a) |
300 | 1,431 | |||
| Total Japan | 811,420 | ||||
See Notes to Financial Statements.
| 22 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Consumer Discretionary Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Netherlands – 1.9% | |||||
| Beter BED Holding N.V.* |
118 | $ | 1,182 | ||
| Hunter Douglas N.V.* |
202 | 4,720 | |||
| Macintosh Retail Group N.V.* |
92 | 868 | |||
| Reed Elsevier N.V. |
2,181 | 23,351 | |||
| Telegraaf Media Groep N.V.* |
211 | 2,831 | |||
| Wolters Kluwer N.V.* |
1,073 | 17,395 | |||
| Total Netherlands | 50,347 | ||||
| New Zealand – 0.6% | |||||
| Fisher & Paykel Appliances Holdings Ltd. |
2,587 | 723 | |||
| Sky City Entertainment Group Ltd. |
4,443 | 7,126 | |||
| Sky Network Television Ltd. |
1,291 | 2,999 | |||
| Warehouse Group Ltd. (The) |
2,037 | 4,162 | |||
| Total New Zealand | 15,010 | ||||
| Norway – 0.2% | |||||
| Ekornes ASA* |
400 | 3,851 | |||
| Portugal – 0.2% | |||||
| SAG GEST-Solucoes Automovel Globais, SGPS, S.A. |
1,420 | 2,036 | |||
| Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.* |
769 | 4,094 | |||
| Total Portugal | 6,130 | ||||
| Singapore – 0.9% | |||||
| Hotel Plaza Ltd.* |
3,000 | 1,776 | |||
| Hotel Properties Ltd.* |
1,000 | 612 | |||
| Jardine Cycle & Carriage Ltd.* |
1,000 | 7,789 | |||
| KS Energy Services Ltd.* |
1,000 | 493 | |||
| Singapore Press Holdings Ltd.* |
8,000 | 13,314 | |||
| Total Singapore | 23,984 | ||||
| Spain – 4.2% | |||||
| Adolfo Dominguez S.A. |
26 | 191 | |||
| Antena 3 de Television S.A.* |
2,541 | 10,121 | |||
| Cie Automotive S.A. |
190 | 552 | |||
| Gestevision Telecinco S.A.* |
3,351 | 23,224 | |||
| Inditex S.A.* |
1,818 | 70,844 | |||
| Promotora de Informaciones S.A.* |
464 | 1,214 | |||
| Sol Melia S.A.* |
303 | 857 | |||
| Vocento S.A.* |
650 | 2,546 | |||
| Total Spain | 109,549 | ||||
| Sweden – 4.6% | |||||
| B&B Tools AB Class B* |
100 | 535 | |||
| BE Group AB |
200 | 489 | |||
| Clas Ohlson AB Class B* |
222 | 1,980 | |||
| Hakon Invest AB |
701 | 5,830 | |||
| Hennes & Mauritz AB Class B*(a) |
2,867 | 107,158 | |||
| Modern Times Group AB Class B* |
50 | 848 | |||
| Nobia AB* |
937 | 2,153 | |||
| SkiStar AB* |
200 | 1,929 | |||
| Total Sweden | 120,922 | ||||
| Switzerland – 1.0% | |||||
| Compagnie Financiere Richemont S.A. Class A* |
996 | 15,574 | |||
| Highlight Communications AG* |
253 | 1,428 | |||
| Investments | Shares | U.S. $ Value | |||
| Swatch Group AG (The)* |
181 | $ | 4,433 | ||
| Swatch Group AG (The) Class B* |
45 | 5,442 | |||
| Total Switzerland | 26,877 | ||||
| United Kingdom – 13.5% | |||||
| Aegis Group PLC |
2,117 | 2,511 | |||
| Bellway PLC |
1,050 | 10,196 | |||
| Bloomsbury Publishing PLC |
483 | 782 | |||
| Brammer PLC |
1,239 | 1,385 | |||
| British Sky Broadcasting Group PLC |
5,159 | 32,056 | |||
| BSS Group PLC |
750 | 3,096 | |||
| Burberry Group PLC |
1,272 | 5,137 | |||
| Carpetright PLC |
525 | 3,110 | |||
| Carphone Warehouse Group PLC |
1,955 | 3,517 | |||
| Centaur Media PLC |
1,393 | 464 | |||
| Cineworld Group PLC |
1,260 | 2,276 | |||
| Clinton Cards PLC |
3,796 | 653 | |||
| Compass Group PLC |
5,152 | 23,557 | |||
| Daily Mail & General Trust N.V. Class A |
1,350 | 4,528 | |||
| Debenhams PLC |
11,099 | 7,636 | |||
| Electrocomponents PLC |
4,321 | 7,757 | |||
| Enterprise Inns PLC |
2,180 | 2,117 | |||
| Euromoney Institutional Investor PLC |
458 | 1,339 | |||
| Findel PLC |
804 | 876 | |||
| Future PLC |
3,154 | 588 | |||
| Game Group PLC |
546 | 1,180 | |||
| Greene King PLC |
495 | 3,473 | |||
| Halfords Group PLC |
643 | 2,694 | |||
| Headlam Group PLC |
811 | 2,674 | |||
| HMV Group PLC |
3,101 | 5,767 | |||
| Holidaybreak PLC |
318 | 912 | |||
| Home Retail Group PLC |
5,388 | 17,357 | |||
| Informa PLC |
1,383 | 5,204 | |||
| Intercontinental Hotels Group PLC |
944 | 7,185 | |||
| Kesa Electricals PLC |
1,648 | 2,226 | |||
| Kingfisher PLC |
13,266 | 28,465 | |||
| Ladbrokes PLC |
3,394 | 8,915 | |||
| Luminar Group Holdings PLC |
351 | 619 | |||
| Marks & Spencer Group PLC |
10,355 | 43,933 | |||
| Millennium & Copthorne Hotels PLC |
806 | 1,987 | |||
| Mothercare PLC |
378 | 2,101 | |||
| N. Brown Group PLC |
1,474 | 4,004 | |||
| Next PLC |
987 | 18,731 | |||
| Pearson PLC |
3,701 | 37,213 | |||
| Pendragon PLC |
8,791 | 901 | |||
| Reed Elsevier PLC |
3,132 | 22,491 | |||
| Rightmove PLC |
265 | 993 | |||
| UTV Media PLC |
692 | 600 | |||
| WH Smith PLC |
701 | 3,574 | |||
| Whitbread PLC |
636 | 7,183 | |||
| William Hill PLC |
2,730 | 6,662 | |||
| Total United Kingdom | 350,625 | ||||
| TOTAL COMMON STOCKS (Cost: $4,248,980) |
2,564,217 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 23 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Consumer Discretionary Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| SHORT-TERM INVESTMENT – 0.4% | ||||||
| MONEY MARKET FUND – 0.4% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $9,238) |
9,238 | $ | 9,238 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 4.2% | ||||||
| MONEY MARKET FUND – 4.2% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $110,008)(d) |
110,008 | 110,008 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 103.1% (Cost: $4,368,226) | 2,683,463 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (3.1)% |
(81,512 | ) | ||||
| NET ASSETS – 100.0% | $ | 2,601,951 | ||||
| RSP | – Risparmio Italian Savings Shares |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $107,169 and the total market value of the collateral held by the Fund was $110,008. |
See Notes to Financial Statements.
| 24 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Consumer Staples Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.8% | |||||
| Australia – 8.9% | |||||
| A.B.C Learning Centres Ltd.† |
84,388 | $ | 31,662 | ||
| AWB Ltd. |
12,974 | 11,088 | |||
| Campbell Brothers Ltd. |
830 | 7,843 | |||
| Coca-Cola Amatil Ltd. |
27,532 | 165,850 | |||
| Flight Centre Ltd. |
6,014 | 22,272 | |||
| Foster’s Group Ltd. |
64,714 | 227,514 | |||
| Goodman Fielder Ltd. |
86,601 | 62,878 | |||
| Iress Market Technology Ltd. |
2,666 | 10,373 | |||
| Lion Nathan Ltd. |
17,005 | 95,466 | |||
| Metcash Ltd. |
6,830 | 19,267 | |||
| Navitas Ltd. |
10,375 | 16,508 | |||
| Seek Ltd. |
6,993 | 13,604 | |||
| Skilled Group Ltd. |
5,434 | 5,474 | |||
| Woolworths Ltd. |
28,558 | 496,251 | |||
| Wotif.com Holdings Ltd. |
5,213 | 13,691 | |||
| Total Australia | 1,199,741 | ||||
| Belgium – 6.2% | |||||
| Anheuser-Busch InBev N.V.* |
23,902 | 658,336 | |||
| Colruyt S.A.* |
256 | 58,693 | |||
| Delhaize Group* |
1,718 | 111,335 | |||
| Omega Pharma S.A.* |
286 | 6,290 | |||
| Total Belgium | 834,654 | ||||
| Denmark – 0.2% | |||||
| Carlsberg A/S Class B* |
425 | 17,425 | |||
| Danisco A/S* |
448 | 13,396 | |||
| Total Denmark | 30,821 | ||||
| Finland – 0.4% | |||||
| Kesko Oyj Class B* |
2,824 | 58,604 | |||
| France – 13.1% | |||||
| Carrefour S.A.* |
11,611 | 453,228 | |||
| Casino Guichard Perrachon S.A.* |
1,762 | 114,678 | |||
| Christian Dior S.A.* |
2,663 | 145,935 | |||
| Fimalac* |
244 | 8,295 | |||
| Groupe Danone* |
7,589 | 369,383 | |||
| L’Oreal S.A.* |
7,523 | 517,393 | |||
| Pernod-Ricard S.A.* |
2,586 | 144,118 | |||
| Remy Cointreau S.A.* |
750 | 17,775 | |||
| Total France | 1,770,805 | ||||
| Germany – 1.3% | |||||
| Beiersdorf AG* |
1,458 | 65,410 | |||
| Henkel AG & Co. KGaA* |
2,476 | 62,460 | |||
| Suedzucker AG* |
2,524 | 48,625 | |||
| Total Germany | 176,495 | ||||
| Hong Kong – 0.4% | |||||
| China Travel International Investment Hong Kong Ltd. |
40,000 | 7,071 | |||
| Shanghai Industrial Holdings Ltd. |
17,000 | 47,052 | |||
| Total Hong Kong | 54,123 | ||||
| Ireland – 0.3% | |||||
| C&C Group PLC |
9,287 | 16,029 | |||
| Investments | Shares | U.S. $ Value | |||
| Fyffes PLC |
5,278 | $ | 1,437 | ||
| Greencore Group PLC |
4,980 | 4,694 | |||
| Kerry Group PLC Class A |
548 | 11,096 | |||
| Total Ireland | 33,256 | ||||
| Italy – 1.4% | |||||
| Davide Campari-Milano SpA* |
2,385 | 15,136 | |||
| Parmalat SpA* |
79,814 | 164,358 | |||
| Safilo Group SpA* |
6,728 | 3,524 | |||
| Total Italy | 183,018 | ||||
| Japan – 8.9% | |||||
| Aeon Co., Ltd.* |
4,800 | 31,297 | |||
| Ajinomoto Co., Inc. |
5,000 | 35,183 | |||
| Asahi Breweries Ltd. |
2,900 | 34,529 | |||
| Circle K Sunkus Co., Ltd. |
300 | 4,258 | |||
| Coca-Cola West Co., Ltd. |
1,200 | 19,148 | |||
| FamilyMart Co., Ltd. |
500 | 15,187 | |||
| Fancl Corp. |
400 | 4,520 | |||
| Fuji Oil Co., Ltd. |
1,300 | 13,925 | |||
| Fujicco Co., Ltd. |
1,000 | 11,501 | |||
| Heiwado Co., Ltd. |
600 | 7,454 | |||
| Hokuto Corp. |
700 | 12,112 | |||
| House Foods Corp. |
400 | 5,540 | |||
| Ito En Ltd. |
300 | 3,660 | |||
| Itoham Foods, Inc.* |
2,000 | 5,710 | |||
| Izumiya Co., Ltd. |
2,000 | 9,072 | |||
| Japan Tobacco, Inc. |
63 | 167,052 | |||
| Kagome Co., Ltd.*(a) |
400 | 5,775 | |||
| Kao Corp. |
5,000 | 97,145 | |||
| Kato Sangyo Co., Ltd. |
500 | 7,274 | |||
| Kikkoman Corp.* |
1,000 | 8,322 | |||
| Kirin Holdings Co., Ltd. |
7,000 | 73,848 | |||
| Kyokuyo Co., Ltd.* |
3,000 | 5,680 | |||
| Lawson, Inc. |
1,700 | 70,224 | |||
| Lion Corp. |
1,000 | 4,647 | |||
| Mandom Corp. |
500 | 8,257 | |||
| Marudai Food Co., Ltd.* |
4,000 | 9,517 | |||
| Maruha Nichiro Holdings, Inc.* |
5,000 | 6,834 | |||
| Meitec Corp. |
400 | 4,925 | |||
| Mikuni Coca-Cola Bottling Co., Ltd. |
1,300 | 10,200 | |||
| Ministop Co., Ltd. |
600 | 9,361 | |||
| Mitsui Sugar Co., Ltd. |
4,000 | 10,813 | |||
| Morinaga & Co., Ltd.* |
5,000 | 10,023 | |||
| Nippon Beet Sugar Manufacturing Co., Ltd.* |
5,000 | 11,188 | |||
| Nippon Flour Mills Co., Ltd. |
2,000 | 8,140 | |||
| Nippon Meat Packers, Inc.* |
2,000 | 20,755 | |||
| Nippon Suisan Kaisha Ltd. |
4,800 | 12,490 | |||
| Nisshin Oillio Group Ltd. (The) |
2,000 | 8,646 | |||
| Nisshin Seifun Group, Inc. |
2,000 | 21,322 | |||
| Nissin Foods Holdings Co., Ltd. |
900 | 26,425 | |||
| Nosan Corp.* |
4,000 | 8,829 | |||
| Park24 Co., Ltd.* |
3,900 | 26,337 | |||
| QP Corp. |
800 | 8,594 | |||
| Ryoshoku Ltd. |
600 | 13,668 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 25 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Consumer Staples Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Sakata Seed Corp.(a) |
1,000 | $ | 13,121 | ||
| Sanrio Co., Ltd.* |
100 | 770 | |||
| Seven & I Holdings Co., Ltd. |
8,400 | 183,700 | |||
| Shiseido Co., Ltd. |
4,000 | 58,115 | |||
| Showa Sangyo Co., Ltd.* |
4,000 | 11,218 | |||
| Unicharm Corp. |
400 | 24,299 | |||
| Yakult Honsha Co., Ltd. |
400 | 7,103 | |||
| Yokohama Reito Co., Ltd. |
2,000 | 11,724 | |||
| Total Japan | 1,199,437 | ||||
| Netherlands – 7.5% | |||||
| CSM* |
1,249 | 14,573 | |||
| Heineken Holding N.V. |
2,503 | 60,782 | |||
| Heineken N.V.* |
4,768 | 135,472 | |||
| Koninklijke Ahold N.V.* |
10,286 | 112,668 | |||
| Nutreco Holding N.V.* |
549 | 19,648 | |||
| Sligro Food Group N.V.* |
361 | 8,189 | |||
| Unilever N.V. CVA* |
32,564 | 642,043 | |||
| USG People N.V.* |
2,377 | 19,087 | |||
| Total Netherlands | 1,012,462 | ||||
| Norway – 0.9% | |||||
| Orkla ASA* |
18,300 | 125,214 | |||
| Portugal – 0.3% | |||||
| Jeronimo Martins, SGPS, S.A.* |
5,158 | 25,394 | |||
| Sonae SGPS, S.A.* |
30,586 | 20,751 | |||
| Total Portugal | 46,145 | ||||
| Singapore – 0.3% | |||||
| Olam International Ltd.* |
2,000 | 1,921 | |||
| Super Coffeemix Manufacturing Ltd.* |
11,000 | 2,568 | |||
| Wilmar International Ltd.* |
19,000 | 39,620 | |||
| Total Singapore | 44,109 | ||||
| Spain – 0.2% | |||||
| Ebro Puleva S.A.* |
1,887 | 22,147 | |||
| Sweden – 1.6% | |||||
| AarhusKarlshamn AB |
769 | 9,488 | |||
| Axfood AB* |
1,622 | 29,625 | |||
| Svenska Cellulosa AB Class A* |
2,600 | 19,499 | |||
| Svenska Cellulosa AB Class B*(a) |
15,642 | 118,252 | |||
| Swedish Match AB* |
2,629 | 37,842 | |||
| Total Sweden | 214,706 | ||||
| Switzerland – 12.6% | |||||
| Adecco S.A.* |
2,586 | 80,920 | |||
| Aryzta AG* |
844 | 19,733 | |||
| Givaudan S.A.* |
64 | 33,209 | |||
| Nestle S.A.* |
46,400 | 1,570,267 | |||
| Total Switzerland | 1,704,129 | ||||
| United Kingdom – 34.3% | |||||
| Associated British Foods PLC |
9,728 | 89,309 | |||
| British American Tobacco PLC |
40,842 | 944,265 | |||
| Britvic PLC |
3,458 | 11,202 | |||
| Cadbury PLC |
28,091 | 212,193 | |||
| Investments | Shares | U.S. $ Value | |||
| Capita Group PLC (The) |
4,154 | $ | 40,399 | ||
| Dairy Crest Group PLC |
4,280 | 16,150 | |||
| Devro PLC |
1,382 | 1,738 | |||
| Diageo PLC |
50,051 | 564,240 | |||
| Hays PLC |
42,241 | 44,047 | |||
| Imperial Tobacco Group PLC |
19,313 | 433,782 | |||
| J. Sainsbury PLC |
35,013 | 157,082 | |||
| Marston’s PLC |
8,537 | 16,550 | |||
| McBride PLC |
7,549 | 12,497 | |||
| Michael Page International PLC |
4,982 | 13,121 | |||
| Northern Foods PLC |
14,602 | 10,674 | |||
| PZ Cussons PLC |
5,480 | 12,273 | |||
| Reckitt Benckiser Group PLC |
7,450 | 279,669 | |||
| SABMiller PLC |
21,126 | 314,014 | |||
| SSL International PLC |
943 | 6,069 | |||
| Sthree PLC |
3,868 | 9,647 | |||
| Tate & Lyle PLC |
14,168 | 52,902 | |||
| Tesco PLC |
120,777 | 577,168 | |||
| Thomas Cook Group PLC |
7,670 | 26,385 | |||
| Thomson Reuters PLC* |
6,251 | 139,774 | |||
| TUI Travel PLC |
25,920 | 84,986 | |||
| Unilever PLC |
24,225 | 457,648 | |||
| Wm. Morrison Supermarkets PLC |
25,168 | 92,170 | |||
| Total United Kingdom | 4,619,954 | ||||
| TOTAL COMMON STOCKS (Cost: $20,104,903) |
13,329,820 | ||||
| SHORT-TERM INVESTMENT – 0.1% | |||||
| MONEY MARKET FUND – 0.1% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $8,919) |
8,919 | 8,919 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.0% | |||||
| MONEY MARKET FUND – 1.0% | |||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $137,011)(d) |
137,011 | 137,011 | |||
| TOTAL INVESTMENTS IN SECURITIES – 99.9% (Cost: $20,250,833) |
13,475,750 | ||||
| Foreign Currency and Other Assets in Excess of Liabilities – 0.1% |
8,757 | ||||
| NET ASSETS – 100.0% | $ | 13,484,507 | |||
| * | Non-income producing security. |
| † |
Security is being fair valued by a valuation committee under the direction of the Board of Trustees. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $130,375 and the total market value of the collateral held by the Fund was $137,011. |
See Notes to Financial Statements.
| 26 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments
WisdomTree International Energy Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 99.7% | |||||
| Australia – 7.3% | |||||
| Beach Petroleum Ltd. |
9,357 | $ | 5,721 | ||
| Centennial Coal Co., Ltd. |
3,603 | 5,032 | |||
| Downer EDI Ltd. |
8,505 | 26,296 | |||
| Gloucester Coal Ltd. |
992 | 3,488 | |||
| New Hope Corp., Ltd. |
8,517 | 22,487 | |||
| Santos Ltd. |
54,246 | 635,079 | |||
| Woodside Petroleum Ltd. |
22,665 | 599,985 | |||
| WorleyParsons Ltd. |
26,711 | 334,058 | |||
| Total Australia | 1,632,146 | ||||
| Austria – 2.3% | |||||
| OMV AG* |
15,345 | 513,414 | |||
| Schoeller-Bleckmann Oilfield Equipment AG* |
98 | 2,822 | |||
| Total Austria | 516,236 | ||||
| Finland – 2.2% | |||||
| Neste Oil Oyj*(a) |
37,878 | 503,912 | |||
| France – 13.4% | |||||
| Etablissements Maurel et Prom* |
44,751 | 604,854 | |||
| Technip S.A.* |
11,470 | 405,236 | |||
| TOTAL S.A.* |
39,708 | 1,973,058 | |||
| Total France | 2,983,148 | ||||
| Greece – 4.9% | |||||
| Hellenic Petroleum S.A.* |
64,391 | 612,977 | |||
| Motor Oil Hellas Corinth Refineries S.A.* |
45,909 | 475,437 | |||
| Total Greece | 1,088,414 | ||||
| Hong Kong – 4.7% | |||||
| CNOOC Ltd. |
1,054,318 | 1,044,795 | |||
| Italy – 11.3% | |||||
| ENI SpA* |
80,922 | 1,570,775 | |||
| ERG SpA* |
3,197 | 39,773 | |||
| Gas Plus* |
1,089 | 9,644 | |||
| Saipem SpA* |
23,715 | 421,918 | |||
| Saras SpA* |
180,886 | 473,600 | |||
| Total Italy | 2,515,710 | ||||
| Japan – 9.1% | |||||
| AOC Holdings, Inc.* |
900 | 4,893 | |||
| Cosmo Oil Co., Ltd. |
19,000 | 57,325 | |||
| Idemitsu Kosan Co., Ltd. |
600 | 44,831 | |||
| Itochu Enex Co., Ltd. |
2,000 | 10,489 | |||
| Mitsuuroko Co., Ltd.* |
1,400 | 7,938 | |||
| Nippon Oil Corp. |
156,000 | 769,181 | |||
| San-Ai Oil Co., Ltd. |
1,000 | 3,827 | |||
| Showa Shell Sekiyu K.K. |
10,100 | 91,623 | |||
| Sinanen Co., Ltd.* |
2,000 | 8,606 | |||
| TonenGeneral Sekiyu K.K.(a) |
106,250 | 1,035,930 | |||
| Total Japan | 2,034,643 | ||||
| Netherlands – 1.8% | |||||
| Fugro N.V. CVA* |
1,336 | 42,483 | |||
| SBM Offshore N.V.* |
26,367 | 351,125 | |||
| Total Netherlands | 393,608 | ||||
| Investments | Shares | U.S. $ Value | ||||
| New Zealand – 0.4% | ||||||
| New Zealand Refining Co., Ltd. (The) |
21,993 | $ | 87,867 | |||
| Norway – 6.8% | ||||||
| Aker ASA Class A* |
20,420 | 388,616 | ||||
| StatoilHydro ASA* |
64,743 | 1,140,081 | ||||
| Total Norway | 1,528,697 | |||||
| Portugal – 2.3% | ||||||
| Galp Energia SGPS S.A. Class B* |
43,268 | 515,873 | ||||
| Singapore – 1.8% | ||||||
| CH Offshore Ltd.* |
18,000 | 3,078 | ||||
| Singapore Petroleum Co., Ltd.* |
214,753 | 404,022 | ||||
| Total Singapore | 407,100 | |||||
| Spain – 5.2% | ||||||
| Cia Espanola de Petroleos S.A.* |
9,273 | 390,775 | ||||
| Repsol YPF S.A.* |
44,381 | 767,789 | ||||
| Total Spain | 1,158,564 | |||||
| United Kingdom – 26.2% | ||||||
| BG Group PLC |
50,417 | 762,398 | ||||
| BP PLC |
285,534 | 1,929,710 | ||||
| Hunting PLC |
1,246 | 7,130 | ||||
| JKX Oil & Gas PLC |
1,448 | 4,577 | ||||
| John Wood Group PLC |
3,893 | 12,513 | ||||
| Royal Dutch Shell PLC Class A |
70,481 | 1,587,087 | ||||
| Royal Dutch Shell PLC Class B |
67,598 | 1,483,411 | ||||
| Tullow Oil PLC |
4,373 | 50,332 | ||||
| Venture Production PLC |
1,874 | 21,462 | ||||
| Total United Kingdom | 5,858,620 | |||||
| TOTAL COMMON STOCKS (Cost: $39,976,058) |
22,269,333 | |||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.3% | ||||||
| MONEY MARKET FUND – 5.3% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(b) (Cost: $1,185,091)(c) |
1,185,091 | 1,185,091 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 105.0% (Cost: $41,161,149) |
23,454,424 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (5.0)% |
(1,122,210 | ) | ||||
| NET ASSETS – 100.0% | $ | 22,332,214 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Interest rates shown reflect yields as of March 31, 2009. |
| (c) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $1,125,088 and the total market value of the collateral held by the Fund was $1,185,091. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 27 |
Table of Contents
Schedule of Investments
WisdomTree International Financial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 96.9% | |||||
| Australia – 22.3% | |||||
| AMP Ltd. |
19,068 | $ | 62,268 | ||
| ASX Ltd. |
1,601 | 32,648 | |||
| Austbrokers Holdings Ltd. |
867 | 2,138 | |||
| Australia & New Zealand Banking Group Ltd. |
21,943 | 240,124 | |||
| Australian Wealth Management Ltd. |
5,181 | 3,348 | |||
| AXA Asia Pacific Holdings Ltd. |
10,111 | 23,885 | |||
| Babcock & Brown Ltd.† |
2,763 | 624 | |||
| Bank of Queensland Ltd. |
1,223 | 7,172 | |||
| Bendigo and Adelaide Bank Ltd. |
2,591 | 14,744 | |||
| Challenger Financial Services Group Ltd. |
4,777 | 4,846 | |||
| Commonwealth Bank of Australia |
13,695 | 330,466 | |||
| Count Financial Ltd. |
1,464 | 1,053 | |||
| Emeco Holdings Ltd. |
4,101 | 1,154 | |||
| FKP Property Group |
1,618 | 1,124 | |||
| Insurance Australia Group Ltd. |
23,800 | 57,877 | |||
| IOOF Holdings Ltd. |
597 | 1,373 | |||
| Lend Lease Corp., Ltd. |
4,891 | 22,055 | |||
| MAC Services Group |
1,355 | 894 | |||
| Macquarie Group Ltd. |
3,098 | 58,225 | |||
| Mortgage Choice Ltd. |
2,256 | 1,285 | |||
| National Australia Bank Ltd. |
19,196 | 268,081 | |||
| Peet Ltd. |
3,243 | 2,738 | |||
| Perpetual Ltd. |
523 | 9,789 | |||
| QBE Insurance Group Ltd. |
6,839 | 91,566 | |||
| Suncorp-Metway Ltd. |
11,374 | 47,416 | |||
| Sunland Group Ltd. |
2,991 | 1,247 | |||
| Tower Australia Group Ltd. |
1,014 | 1,635 | |||
| Westpac Banking Corp. |
26,799 | 355,455 | |||
| Total Australia | 1,645,230 | ||||
| Austria – 0.4% | |||||
| Erste Group Bank AG*(a) |
566 | 9,581 | |||
| Raiffeisen International Bank Holding AG* |
142 | 3,999 | |||
| Uniqa Versicherungen AG* |
390 | 8,285 | |||
| Vienna Insurance Group* |
303 | 8,702 | |||
| Total Austria | 30,567 | ||||
| Belgium – 0.1% | |||||
| Cofinimmo* |
86 | 9,163 | |||
| Cayman Islands – 0.0% | |||||
| Hopewell Highway Infrastructure Ltd. |
500 | 282 | |||
| Denmark – 0.2% | |||||
| TrygVesta A/S |
344 | 17,384 | |||
| Finland – 1.0% | |||||
| Citycon Oyj* |
1,006 | 1,950 | |||
| Pohjola Bank PLC*(a) |
1,250 | 7,369 | |||
| Sampo Oyj Class A* |
4,557 | 67,280 | |||
| Technopolis PLC* |
175 | 546 | |||
| Total Finland | 77,145 | ||||
| France – 13.6% | |||||
| ABC Arbitrage* |
339 | 2,750 | |||
| April Group* |
43 | 1,174 | |||
| Investments | Shares | U.S. $ Value | |||
| AXA S.A.* |
17,557 | $ | 210,960 | ||
| BNP Paribas* |
7,470 | 308,646 | |||
| CNP Assurances* |
811 | 51,146 | |||
| Credit Agricole S.A.* |
21,851 | 241,144 | |||
| Euler Hermes S.A.* |
695 | 22,930 | |||
| Fonciere Des Regions* |
362 | 16,993 | |||
| ICADE* |
280 | 19,818 | |||
| Klepierre* |
760 | 13,365 | |||
| Nexity |
783 | 16,737 | |||
| SCOR SE* |
1,422 | 29,255 | |||
| Societe Fonciere Financiere et de Participations FFP |
144 | 5,271 | |||
| Societe Generale* |
1,358 | 53,189 | |||
| Societe Immobiliere de Location pour l’Industrie et le Commerce* |
121 | 9,075 | |||
| Wendel* |
180 | 4,756 | |||
| Total France | 1,007,209 | ||||
| Germany – 7.6% | |||||
| Allianz SE* |
2,323 | 195,109 | |||
| Comdirect Bank AG* |
822 | 6,003 | |||
| DAB Bank AG* |
646 | 1,844 | |||
| Deutsche Bank AG* |
4,484 | 180,388 | |||
| Deutsche Boerse AG* |
580 | 34,946 | |||
| Generali Deutschland Holding AG* |
161 | 12,184 | |||
| MLP AG* |
548 | 5,748 | |||
| MPC Muenchmeyer Petersen Capital AG* |
108 | 675 | |||
| Muenchener Rueckversicherungs AG* |
1,044 | 127,246 | |||
| Sixt AG* |
14 | 189 | |||
| Total Germany | 564,332 | ||||
| Hong Kong – 4.7% | |||||
| Allied Properties HK Ltd. |
8,000 | 630 | |||
| Bank of East Asia Ltd. |
7,260 | 14,014 | |||
| Cheung Kong Holdings Ltd. |
6,000 | 51,678 | |||
| China Everbright Ltd. |
2,000 | 3,107 | |||
| China Overseas Land & Investment Ltd.(a) |
8,320 | 13,054 | |||
| Chong Hing Bank Ltd. |
2,000 | 2,245 | |||
| Fubon Bank Hong Kong Ltd. |
6,000 | 1,556 | |||
| Guangzhou Investment Co., Ltd. |
22,000 | 2,271 | |||
| Hang Seng Bank Ltd. |
8,600 | 86,610 | |||
| Henderson Investment Ltd. |
72,000 | 4,320 | |||
| Hong Kong Exchanges and Clearing Ltd.(a) |
4,900 | 46,281 | |||
| Hopewell Holdings Ltd. |
5,000 | 13,129 | |||
| Industrial and Commercial Bank of China Asia Ltd. |
5,000 | 5,316 | |||
| Shenzhen Investment Ltd. |
32,000 | 7,969 | |||
| Sino Land Co. |
12,000 | 12,000 | |||
| Sun Hung Kai & Co., Ltd. |
9,000 | 5,133 | |||
| Sun Hung Kai Properties Ltd. |
6,000 | 53,729 | |||
| Tian An China Investment* |
2,000 | 534 | |||
| Wharf Holdings Ltd. |
7,000 | 17,378 | |||
| Wing Hang Bank Ltd. |
1,000 | 4,794 | |||
| Total Hong Kong | 345,748 | ||||
| Ireland – 0.0% | |||||
| FBD Holdings PLC |
159 | 1,269 | |||
| FBD Holdings PLC Redemption Shares*† |
159 | 2 | |||
| Total Ireland | 1,271 | ||||
See Notes to Financial Statements.
| 28 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Financial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Italy – 6.6% | |||||
| Alleanza Assicurazioni SpA* |
6,320 | $ | 35,620 | ||
| Assicurazioni Generali SpA* |
5,560 | 95,228 | |||
| Azimut Holding SpA* |
319 | 1,704 | |||
| Banca Carige SpA* |
5,442 | 17,847 | |||
| Banca Generali SpA* |
341 | 1,058 | |||
| Banca Intermobiliare SpA* |
1,317 | 4,284 | |||
| Banca Monte dei Paschi di Siena SpA* |
82,036 | 113,494 | |||
| Banca Popolare dell’Etruria e del Lazio* |
329 | 1,529 | |||
| Banca Popolare di Milano S.c.r.l.* |
2,906 | 14,469 | |||
| Banca Popolare di Sondrio S.c.r.l.* |
778 | 6,332 | |||
| Banco di Desio e della Brianza SpA* |
427 | 2,493 | |||
| Credito Artigiano SpA* |
2,548 | 6,825 | |||
| Credito Emiliano SpA* |
1,687 | 6,943 | |||
| ERGO Previdenza SpA* |
323 | 1,865 | |||
| Fondiaria-Sai SpA* |
671 | 7,840 | |||
| Fondiaria-Sai SpA RSP* |
491 | 4,661 | |||
| Gruppo MutuiOnline SpA* |
447 | 2,002 | |||
| Intesa Sanpaolo SpA RSP* |
9,888 | 18,603 | |||
| Mediobanca SpA* |
5,533 | 46,942 | |||
| Mediolanum SpA* |
5,433 | 18,755 | |||
| Milano Assicurazioni SpA* |
4,225 | 9,721 | |||
| Milano Assicurazioni SpA RSP* |
733 | 1,888 | |||
| Piccolo Credito Valtellinese S.c.r.l.* |
883 | 7,151 | |||
| Premafin Finanziaria SpA* |
1,567 | 2,081 | |||
| Societa Cattolica di Assicurazioni S.c.r.l.* |
318 | 7,460 | |||
| Unione di Banche Italiane SCPA* |
4,350 | 47,908 | |||
| Vittoria Assicurazioni SpA* |
118 | 604 | |||
| Total Italy | 485,307 | ||||
| Japan – 6.2% | |||||
| Aioi Insurance Co., Ltd.* |
2,000 | 7,695 | |||
| Bank of Kyoto Ltd. (The) |
1,000 | 8,424 | |||
| Century Tokyo Leasing Corp. |
400 | 2,361 | |||
| Chiba Bank Ltd. (The) |
2,000 | 9,821 | |||
| Chuo Mitsui Trust Holdings, Inc.* |
1,000 | 3,037 | |||
| Daiwa Securities Group, Inc. |
3,000 | 13,000 | |||
| Eighteenth Bank Ltd. (The) |
2,000 | 6,824 | |||
| Fukuoka Financial Group, Inc. |
2,000 | 6,055 | |||
| Hiroshima Bank Ltd. (The) |
3,000 | 11,390 | |||
| Hokuhoku Financial Group, Inc.* |
4,000 | 7,249 | |||
| Hyakujushi Bank Ltd. (The) |
1,000 | 4,688 | |||
| Joyo Bank Ltd. (The) |
2,000 | 9,193 | |||
| Kiyo Holdings, Inc. |
3,000 | 3,736 | |||
| Leopalace21 Corp. |
500 | 2,946 | |||
| Matsui Securities Co., Ltd.* |
800 | 5,200 | |||
| Mitsubishi Estate Co., Ltd. |
1,000 | 11,157 | |||
| Mitsubishi UFJ Financial Group, Inc. |
16,560 | 79,807 | |||
| Mitsui Fudosan Co., Ltd. |
1,000 | 10,803 | |||
| Mitsui Sumitomo Insurance Group Holdings, Inc.* |
800 | 18,427 | |||
| Mizuho Financial Group, Inc.* |
22,884 | 43,558 | |||
| Mizuho Investors Securities Co., Ltd.* |
6,000 | 5,042 | |||
| Mizuho Trust & Banking Co., Ltd.* |
4,000 | 3,685 | |||
| Nishi-Nippon City Bank Ltd. (The)* |
3,000 | 6,439 | |||
| Investments | Shares | U.S. $ Value | |||
| Nomura Real Estate Holdings, Inc. |
200 | $ | 3,007 | ||
| Oita Bank Ltd. (The) |
1,000 | 5,528 | |||
| Okasan Securities Group, Inc.* |
2,000 | 7,107 | |||
| Resona Holdings, Inc.* |
900 | 11,937 | |||
| Sankei Building Co., Ltd. (The) |
100 | 436 | |||
| Shinko Securities Co., Ltd.* |
2,000 | 3,868 | |||
| Shizuoka Bank Ltd. (The) |
1,000 | 8,950 | |||
| Sompo Japan Insurance, Inc.* |
2,000 | 10,226 | |||
| Sumitomo Mitsui Financial Group, Inc. |
1,355 | 46,781 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
60 | 1,722 | |||
| Sumitomo Trust & Banking Co., Ltd. (The) |
4,000 | 15,106 | |||
| Suruga Bank Ltd. |
832 | 6,823 | |||
| T&D Holdings, Inc.* |
350 | 8,345 | |||
| Tokai Tokyo Financial Holdings |
2,000 | 3,564 | |||
| Tokio Marine Holdings, Inc. |
1,000 | 24,248 | |||
| Tokyu Land Corp. |
2,000 | 5,467 | |||
| Tokyu Livable, Inc.* |
300 | 1,285 | |||
| Yamaguchi Financial Group, Inc. |
1,000 | 9,385 | |||
| Total Japan | 454,322 | ||||
| Netherlands – 0.0% | |||||
| Plaza Centers N.V.* |
1,917 | 1,594 | |||
| Norway – 0.2% | |||||
| ABG Sundal Collier Holding ASA* |
7,927 | 5,072 | |||
| Sparebank 1 SMN* |
960 | 3,455 | |||
| Sparebank 1 SR Bank* |
960 | 3,341 | |||
| Sparebanken 1 Nord-Norge* |
250 | 1,925 | |||
| Total Norway | 13,793 | ||||
| Portugal – 0.4% | |||||
| Banco BPI, S.A. Registered Shares* |
6,742 | 13,463 | |||
| Banco Espirito Santo, S.A.*(a) |
2,497 | 9,714 | |||
| BANIF SGPS S.A.* |
1,547 | 2,115 | |||
| Finibanco Holding, SGPS, S.A.* |
419 | 990 | |||
| Total Portugal | 26,282 | ||||
| Singapore – 2.5% | |||||
| CapitaLand Ltd.* |
9,000 | 13,794 | |||
| City Developments Ltd.*(a) |
2,000 | 6,709 | |||
| DBS Group Holdings Ltd.* |
6,466 | 35,941 | |||
| Guocoland Ltd.* |
3,000 | 1,934 | |||
| Ho Bee Investment Ltd.* |
6,000 | 1,283 | |||
| K1 Ventures Ltd.* |
34,000 | 2,684 | |||
| Keppel Land Ltd.* |
1,000 | 954 | |||
| Kim Eng Holdings Ltd.* |
5,000 | 4,374 | |||
| Orchard Parade Holdings Ltd.* |
3,000 | 1,066 | |||
| Oversea-Chinese Banking Corp., Ltd.* |
12,000 | 38,205 | |||
| Singapore Exchange Ltd.*(a) |
6,000 | 20,129 | |||
| Tat Hong Holdings Ltd.* |
2,000 | 816 | |||
| United Overseas Bank Ltd.* |
7,139 | 45,646 | |||
| UOB-Kay Hian Holdings Ltd.* |
8,000 | 5,789 | |||
| Wing Tai Holdings Ltd.* |
4,000 | 1,842 | |||
| Yanlord Land Group Ltd. |
1,000 | 737 | |||
| Total Singapore | 181,903 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Financial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Spain – 9.1% | |||||
| Banco Bilbao Vizcaya Argentaria S.A.*(a) |
23,252 | $ | 188,626 | ||
| Banco de Sabadell S.A.*(a) |
6,687 | 33,560 | |||
| Banco de Valencia S.A. |
691 | 5,734 | |||
| Banco Espanol de Credito S.A.* |
4,278 | 34,193 | |||
| Banco Guipuzcoano S.A. |
596 | 3,877 | |||
| Banco Pastor S.A.* |
439 | 2,425 | |||
| Banco Popular Espanol S.A.*(a) |
6,514 | 41,254 | |||
| Banco Santander S.A.*(a) |
43,366 | 297,912 | |||
| Bankinter, S.A.* |
1,770 | 18,730 | |||
| Bolsas y Mercados Espanoles* |
643 | 14,863 | |||
| Grupo Catalana Occidente S.A.* |
347 | 4,105 | |||
| Mapfre S.A.*(a) |
9,965 | 21,830 | |||
| Realia Business S.A.* |
1,163 | 2,980 | |||
| Renta Corp. Real Estate S.A. |
311 | 735 | |||
| Total Spain | 670,824 | ||||
| Sweden – 2.7% | |||||
| Castellum AB* |
800 | 4,480 | |||
| D. Carnegie AB*† |
991 | 2,134 | |||
| Fabege AB* |
1,600 | 5,612 | |||
| Kinnevik Investment AB Class B* |
400 | 3,060 | |||
| Kungsleden AB* |
2,461 | 9,407 | |||
| Lundbergforetagen AB Class B* |
222 | 7,116 | |||
| Nordea Bank AB*(a) |
17,294 | 85,766 | |||
| Ratos AB Class B* |
678 | 10,272 | |||
| Svenska Handelsbanken AB Class A* |
3,929 | 55,366 | |||
| Svenska Handelsbanken AB Class B* |
100 | 1,442 | |||
| Swedbank AB Class A* |
3,676 | 12,228 | |||
| Wihlborgs Fastigheter AB* |
178 | 1,981 | |||
| Total Sweden | 198,864 | ||||
| Switzerland – 5.7% | |||||
| Baloise Holding AG* |
246 | 15,761 | |||
| Bank Sarasin & Cie AG Class B* |
140 | 2,949 | |||
| Credit Suisse Group AG* |
6,626 | 201,976 | |||
| EFG International AG |
253 | 1,889 | |||
| Helvetia Holding AG |
40 | 8,531 | |||
| Julius Baer Holding AG* |
195 | 4,802 | |||
| Partners Group Holding AG* |
94 | 5,651 | |||
| Swiss Reinsurance* |
2,225 | 36,475 | |||
| Vontobel Holding AG* |
390 | 7,237 | |||
| Zurich Financial Services AG*(a) |
867 | 137,326 | |||
| Total Switzerland | 422,597 | ||||
| United Kingdom – 13.6% | |||||
| Aberdeen Asset Management PLC |
3,352 | 6,126 | |||
| Admiral Group PLC |
839 | 10,264 | |||
| Amlin PLC |
3,646 | 17,977 | |||
| Ashmore Group PLC |
3,516 | 7,685 | |||
| Ashtead Group PLC |
2,349 | 1,330 | |||
| Aviva PLC |
18,980 | 58,831 | |||
| Beazley Group PLC |
2,324 | 2,865 | |||
| BlueBay Asset Management PLC |
284 | 507 | |||
| Investments | Shares | U.S. $ Value | |||
| Brewin Dolphin Holdings PLC |
1,399 | $ | 2,366 | ||
| Brit Insurance Holdings PLC* |
2,889 | 7,474 | |||
| Chaucer Holdings PLC |
2,868 | 1,747 | |||
| Chesnara PLC |
2,396 | 4,568 | |||
| Close Brothers Group PLC |
1,245 | 9,583 | |||
| Collins Stewart PLC |
1,837 | 1,790 | |||
| Development Securities PLC |
356 | 1,230 | |||
| Evolution Group PLC |
2,807 | 3,883 | |||
| F&C Asset Management PLC |
2,512 | 2,070 | |||
| Friends Provident PLC* |
19,934 | 19,801 | |||
| Hammerson PLC |
714 | 2,605 | |||
| Hargreaves Lansdown PLC |
1,454 | 4,288 | |||
| HSBC Holdings PLC |
93,437 | 529,016 | |||
| ICAP PLC |
1,877 | 8,186 | |||
| Ig Group Holdings PLC |
981 | 2,464 | |||
| Investec PLC |
3,717 | 15,557 | |||
| Jardine Lloyd Thompson Group PLC |
1,349 | 8,479 | |||
| Lavendon Group PLC |
596 | 1,422 | |||
| Legal & General Group PLC |
42,318 | 26,082 | |||
| London Stock Exchange Group PLC |
765 | 6,201 | |||
| Man Group PLC |
7,114 | 22,280 | |||
| Northgate PLC |
615 | 575 | |||
| Provident Financial PLC |
1,301 | 15,599 | |||
| Prudential PLC |
9,302 | 44,932 | |||
| ROK PLC |
1,191 | 854 | |||
| RSA Insurance Group PLC* |
21,320 | 39,757 | |||
| Schroders PLC |
823 | 9,331 | |||
| Schroders PLC Non-Voting Shares |
148 | 1,453 | |||
| Shore Capital Group PLC* |
5,394 | 1,082 | |||
| Speedy Hire PLC |
219 | 396 | |||
| St. James’s Place PLC |
715 | 1,711 | |||
| Standard Chartered PLC |
5,253 | 65,242 | |||
| Standard Life PLC |
13,613 | 32,410 | |||
| Tullett Prebon PLC |
436 | 1,314 | |||
| Total United Kingdom | 1,001,333 | ||||
| TOTAL COMMON STOCKS (Cost: $14,900,980) |
7,155,150 | ||||
| RIGHTS – 0.0% | |||||
| Finland – 0.0% | |||||
| Pohjola Bank PLC., expiring 4/24/09* |
1,250 | 1,693 | |||
| Spain – 0.0% | |||||
| Mapfre S.A., expiring 4/01/09* |
9,965 | 132 | |||
| TOTAL RIGHTS (Cost: $4,400) |
1,825 | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $14,905,380) |
7,156,975 | ||||
| SHORT-TERM INVESTMENT – 1.7% | |||||
| MONEY MARKET FUND – 1.7% | |||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $126,249) |
126,249 | 126,249 | |||
See Notes to Financial Statements.
| 30 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Financial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.2% | ||||||
| MONEY MARKET FUND – 6.2% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $459,035)(d) |
459,035 | $ | 459,035 | |||
| TOTAL INVESTMENTS IN SECURITIES – 104.8% (Cost: $15,490,664) | 7,742,259 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (4.8)% |
(354,241 | ) | ||||
| NET ASSETS – 100.0% | $ | 7,388,018 | ||||
| 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. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $465,254 and the total market value of the collateral held by the Fund was $459,035. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 31 |
Table of Contents
Schedule of Investments
WisdomTree International Health Care Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.8% | |||||
| Australia – 8.2% | |||||
| Aevum Ltd. |
3,943 | $ | 2,055 | ||
| Cochlear Ltd. |
6,515 | 226,784 | |||
| CSL Ltd. |
10,299 | 232,490 | |||
| Healthscope Ltd. |
64,181 | 182,831 | |||
| Primary Health Care Ltd. |
65,154 | 205,974 | |||
| Ramsay Health Care Ltd. |
28,934 | 198,018 | |||
| Sigma Pharmaceuticals Ltd. |
273,138 | 201,163 | |||
| Sonic Healthcare Ltd. |
26,309 | 202,354 | |||
| Total Australia | 1,451,669 | ||||
| Belgium – 1.7% | |||||
| UCB S.A.* |
10,162 | 299,389 | |||
| Denmark – 5.6% | |||||
| Coloplast A/S Class B* |
2,799 | 172,136 | |||
| H. Lundbeck A/S* |
11,129 | 189,456 | |||
| Novo Nordisk A/S Class B* |
9,399 | 449,857 | |||
| Novozymes A/S Class B* |
2,608 | 188,283 | |||
| Total Denmark | 999,732 | ||||
| Finland – 1.3% | |||||
| Oriola-KD Oyj |
1,997 | 4,508 | |||
| Orion Oyj Class B*(a) |
15,043 | 217,701 | |||
| Total Finland | 222,209 | ||||
| France – 10.7% | |||||
| BioMerieux |
2,241 | 175,071 | |||
| Cie Generale D’Optique Essilor International S.A.* |
6,360 | 245,726 | |||
| Ipsen S.A.* |
4,992 | 192,142 | |||
| Sanofi-Aventis S.A.* |
22,816 | 1,283,809 | |||
| Stallergenes* |
96 | 4,940 | |||
| Total France | 1,901,688 | ||||
| Germany – 7.6% | |||||
| Altana AG* |
13,130 | 224,882 | |||
| Carl Zeiss Meditec AG* |
945 | 12,948 | |||
| Celesio AG* |
9,242 | 170,316 | |||
| Fresenius AG* |
3,374 | 127,894 | |||
| Fresenius Medical Care AG & Co. KGaA* |
6,801 | 264,209 | |||
| Gerresheimer AG |
295 | 5,401 | |||
| Merck KGaA* |
3,539 | 312,748 | |||
| Rhoen-Klinikum AG* |
7,833 | 145,598 | |||
| Stada Arzneimittel AG* |
4,630 | 75,734 | |||
| Total Germany | 1,339,730 | ||||
| Ireland – 0.0% | |||||
| United Drug PLC |
3,782 | 7,497 | |||
| Italy – 1.1% | |||||
| Recordati SpA* |
34,801 | 189,442 | |||
| Japan – 26.2% | |||||
| Alfresa Holdings Corp. |
3,600 | 130,485 | |||
| Astellas Pharma, Inc. |
14,000 | 428,065 | |||
| Chugai Pharmaceutical Co., Ltd. |
15,400 | 258,824 | |||
| Daiichi Sankyo Co., Ltd. |
21,700 | 362,069 | |||
| Dainippon Sumitomo Pharma Co., Ltd. |
30,000 | 248,456 | |||
| Investments | Shares | U.S. $ Value | |||
| Eisai Co., Ltd. |
13,100 | $ | 381,978 | ||
| Fuso Pharmaceutical Industries Ltd. |
1,000 | 2,784 | |||
| Hisamitsu Pharmaceutical Co., Inc. |
5,800 | 178,516 | |||
| Hogy Medical Co., Ltd. |
200 | 10,894 | |||
| Kaken Pharmaceutical Co., Ltd. |
2,000 | 16,786 | |||
| Kobayashi Pharmaceutical Co., Ltd. |
600 | 19,743 | |||
| Kyorin Co., Ltd. |
2,000 | 24,744 | |||
| Kyowa Hakko Kirin Co., Ltd. |
27,000 | 226,071 | |||
| Mediceo Paltac Holdings Co., Ltd. |
14,700 | 156,421 | |||
| Miraca Holdings, Inc. |
1,000 | 20,128 | |||
| Mitsubishi Tanabe Pharma Corp. |
23,000 | 226,111 | |||
| Mochida Pharmaceutical Co., Ltd. |
2,000 | 19,723 | |||
| Nichii Gakkan Co.* |
1,000 | 8,009 | |||
| Nihon Kohden Corp. |
700 | 8,568 | |||
| Nippon Shinyaku Co., Ltd. |
1,000 | 8,818 | |||
| Nipro Corp. |
13,000 | 201,903 | |||
| Olympus Corp. |
9,000 | 143,971 | |||
| Paramount Bed Co., Ltd. |
500 | 6,591 | |||
| Sawai Pharmaceutical Co., Ltd. |
200 | 9,274 | |||
| Seikagaku Corp. |
1,100 | 10,814 | |||
| Shionogi & Co., Ltd. |
13,000 | 221,646 | |||
| SSP Co., Ltd.* |
3,000 | 15,642 | |||
| Suzuken Co., Ltd. |
6,800 | 177,281 | |||
| Sysmex Corp. |
500 | 15,896 | |||
| Takeda Pharmaceutical Co., Ltd. |
25,600 | 881,239 | |||
| Terumo Corp. |
4,800 | 176,410 | |||
| Toho Holdings Co., Ltd. |
400 | 3,835 | |||
| Topcon Corp. |
1,100 | 4,254 | |||
| Towa Pharmaceutical Co., Ltd. |
200 | 8,343 | |||
| Tsumura & Co. |
600 | 15,491 | |||
| ZERIA Pharmaceutical Co., Ltd. |
1,000 | 10,935 | |||
| Total Japan | 4,640,718 | ||||
| Netherlands – 0.6% | |||||
| OPG Groep N.V.* |
11,944 | 109,262 | |||
| New Zealand – 1.5% | |||||
| Fisher & Paykel Healthcare Corp., Ltd. |
146,483 | 264,193 | |||
| Ryman Healthcare Ltd. |
12,793 | 10,295 | |||
| Total New Zealand | 274,488 | ||||
| Singapore – 0.0% | |||||
| Raffles Medical Group Ltd.* |
8,000 | 4,026 | |||
| Spain – 0.1% | |||||
| FAES FARMA S.A.* |
1,482 | 5,273 | |||
| Grifols S.A.* |
550 | 7,923 | |||
| Total Spain | 13,196 | ||||
| Sweden – 0.8% | |||||
| Elekta AB Class B* |
642 | 6,426 | |||
| Getinge AB Class B* |
11,896 | 114,754 | |||
| Meda AB Class A* |
2,242 | 13,234 | |||
| Total Sweden | 134,414 | ||||
| Switzerland – 18.7% | |||||
| Galenica AG* |
643 | 185,908 | |||
| Lonza Group AG* |
2,072 | 205,004 | |||
See Notes to Financial Statements.
| 32 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Health Care Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| Nobel Biocare Holding AG* |
8,847 | $ | 151,101 | |||
| Novartis AG* |
29,868 | 1,131,624 | ||||
| Roche Holding AG* |
9,407 | 1,292,268 | ||||
| Sonova Holding AG* |
3,107 | 187,997 | ||||
| Straumann Holding AG |
1,008 | 156,379 | ||||
| Tecan Group AG* |
66 | 1,770 | ||||
| Total Switzerland | 3,312,051 | |||||
| United Kingdom – 14.7% | ||||||
| AstraZeneca PLC |
34,236 | 1,202,759 | ||||
| Consort Medical PLC |
857 | 4,167 | ||||
| Dechra Pharmaceuticals PLC |
884 | 5,293 | ||||
| GlaxoSmithKline PLC |
78,130 | 1,217,866 | ||||
| Goldshield Group PLC |
919 | 4,097 | ||||
| Hikma Pharmaceuticals PLC |
1,273 | 6,587 | ||||
| Smith & Nephew PLC |
27,597 | 170,883 | ||||
| Total United Kingdom | 2,611,652 | |||||
| TOTAL COMMON STOCKS (Cost: $24,852,887) |
17,511,163 | |||||
| SHORT-TERM INVESTMENT – 0.1% | ||||||
| MONEY MARKET FUND – 0.1% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $17,228) |
17,228 | 17,228 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.2% | ||||||
| MONEY MARKET FUND – 1.2% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $215,017)(d) |
215,017 | 215,017 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.1% (Cost: $25,085,132) |
17,743,408 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (0.1)% |
(21,129 | ) | ||||
| NET ASSETS – 100.0% | $ | 17,722,279 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $216,301 and the total market value of the collateral held by the Fund was $215,017. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 33 |
Table of Contents
WisdomTree International Industrial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.9% | |||||
| Australia – 7.3% | |||||
| Amcor Ltd. |
20,167 | $ | 62,354 | ||
| Ansell Ltd. |
901 | 5,359 | |||
| Ausdrill Ltd. |
1,616 | 820 | |||
| Austal Ltd. |
4,472 | 5,406 | |||
| Bradken Ltd. |
3,684 | 4,236 | |||
| Brambles Ltd. |
21,168 | 70,596 | |||
| Cabcharge Australia Ltd. |
1,263 | 5,300 | |||
| Coffey International Ltd. |
2,835 | 3,309 | |||
| ConnectEast Group(a) |
34,447 | 9,693 | |||
| Crane Group Ltd. |
2,524 | 14,591 | |||
| CSR Ltd. |
39,888 | 33,257 | |||
| GWA International Ltd. |
14,039 | 23,410 | |||
| Hills Industries Ltd. |
8,426 | 9,016 | |||
| Leighton Holdings Ltd. |
3,034 | 40,685 | |||
| Monadelphous Group Ltd. |
2,207 | 12,773 | |||
| Qantas Airways Ltd. |
117,644 | 142,635 | |||
| Regional Express Holdings Ltd. |
11,753 | 6,941 | |||
| Spotless Group Ltd. |
1,998 | 2,589 | |||
| Toll Holdings Ltd. |
12,130 | 52,675 | |||
| Transfield Services Ltd. |
6,767 | 9,591 | |||
| Transpacific Industries Group Ltd.† |
3,495 | 4,371 | |||
| United Group Ltd. |
3,302 | 21,061 | |||
| Wesfarmers Ltd. |
19,122 | 250,440 | |||
| WHK Group Ltd. |
11,256 | 7,430 | |||
| Total Australia | 798,538 | ||||
| Austria – 0.8% | |||||
| Andritz AG* |
508 | 15,621 | |||
| BWT AG* |
427 | 8,391 | |||
| Flughafen Wien AG* |
426 | 12,449 | |||
| Mayr Melnhof Karton AG* |
129 | 9,077 | |||
| Oesterreichische Post AG* |
1,088 | 32,314 | |||
| Palfinger AG* |
357 | 3,977 | |||
| Total Austria | 81,829 | ||||
| Belgium – 0.6% | |||||
| Bekaert S.A.* |
299 | 20,163 | |||
| Compagnie Maritime Belge S.A.* |
1,158 | 25,322 | |||
| Euronav N.V.* |
1,047 | 15,402 | |||
| EVS Broadcast Equipment S.A.* |
156 | 5,116 | |||
| Total Belgium | 66,003 | ||||
| Denmark – 0.5% | |||||
| A/S Dampskibsselskabet Torm* |
1,410 | 10,758 | |||
| D/S Norden* |
1,319 | 36,855 | |||
| FLSmidth & Co. A/S* |
399 | 10,135 | |||
| Total Denmark | 57,748 | ||||
| Finland – 2.3% | |||||
| Cargotec Corp. Class B* |
859 | 7,983 | |||
| Fiskars Oyj Abp Class A* |
951 | 8,396 | |||
| Huhtamaki Oyj* |
1,633 | 11,101 | |||
| KCI Konecranes Oyj* |
602 | 10,071 | |||
| Kone Oyj Class B* |
2,074 | 42,957 | |||
| Investments | Shares | U.S. $ Value | |||
| Lassila & Tikanoja Oyj* |
963 | $ | 12,044 | ||
| Metso Oyj* |
3,337 | 39,432 | |||
| PKC Group Oyj* |
1,315 | 4,714 | |||
| Poyry Oyj* |
773 | 10,017 | |||
| Rapala VMC Oyj* |
933 | 4,893 | |||
| Uponor Oyj* |
3,871 | 36,131 | |||
| Wartsila Oyj* |
2,080 | 43,882 | |||
| YIT Oyj* |
2,058 | 13,799 | |||
| Total Finland | 245,420 | ||||
| France – 16.3% | |||||
| Aeroports de Paris* |
1,168 | 62,030 | |||
| Air France-KLM* |
5,625 | 50,038 | |||
| Alstom S.A.* |
1,183 | 61,233 | |||
| Assystem* |
693 | 4,877 | |||
| Bourbon S.A. |
272 | 8,880 | |||
| Bouygues S.A.* |
5,802 | 207,373 | |||
| Carbone Lorraine* |
245 | 5,653 | |||
| Cie de Saint-Gobain* |
10,858 | 304,470 | |||
| Haulotte Group* |
330 | 1,385 | |||
| Legrand S.A.* |
4,748 | 82,487 | |||
| Manitou BF S.A.* |
528 | 3,400 | |||
| Nexans S.A.* |
172 | 6,527 | |||
| Schneider Electric S.A.* |
5,535 | 368,249 | |||
| Seche Environnement S.A.* |
58 | 3,388 | |||
| Societe Des Autoroutes Paris-Rhin-Rhone* |
1,347 | 85,826 | |||
| Teleperformance* |
314 | 8,638 | |||
| Thales S.A.* |
2,790 | 105,720 | |||
| Vallourec S.A.* |
845 | 78,320 | |||
| Vinci S.A. |
8,094 | 300,416 | |||
| Zodiac S.A.* |
850 | 21,544 | |||
| Total France | 1,770,454 | ||||
| Germany – 10.7% | |||||
| Bilfinger Berger AG* |
499 | 18,862 | |||
| CTS Eventim AG* |
131 | 3,809 | |||
| Demag Cranes AG* |
240 | 4,174 | |||
| Deutsche Lufthansa AG* |
13,435 | 145,734 | |||
| Deutsche Post AG* |
24,178 | 260,340 | |||
| Elexis AG* |
298 | 2,849 | |||
| Fraport AG Frankfurt Airport Services Worldwide* |
1,139 | 36,642 | |||
| Heidelberger Druckmaschinen AG* |
2,317 | 11,198 | |||
| Hochtief AG* |
589 | 22,295 | |||
| IDS Scheer AG* |
464 | 4,288 | |||
| Indus Holding AG* |
350 | 4,047 | |||
| Krones AG* |
138 | 4,394 | |||
| MAN AG*(a) |
1,978 | 86,139 | |||
| Medion AG* |
109 | 842 | |||
| MTU Aero Engines Holding AG* |
699 | 16,371 | |||
| Rheinmetall AG* |
312 | 10,609 | |||
| Siemens AG* |
7,396 | 422,344 | |||
| ThyssenKrupp AG* |
5,924 | 103,586 | |||
| Total Germany | 1,158,523 | ||||
See Notes to Financial Statements.
| 34 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Industrial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Hong Kong – 2.5% | |||||
| Beijing Enterprises Holdings Ltd. |
5,500 | $ | 22,923 | ||
| China Everbright International Ltd. |
28,000 | 5,600 | |||
| China Merchants Holdings International Co., Ltd. |
16,405 | 37,763 | |||
| China Resources Enterprise |
18,000 | 27,871 | |||
| Guangdong Investment Ltd. |
62,000 | 24,960 | |||
| Hong Kong Aircraft Engineering Co., Ltd. |
1,600 | 13,770 | |||
| Hung Hing Printing Group Ltd. |
30,000 | 3,445 | |||
| MTR Corp. |
35,000 | 84,181 | |||
| New World Development Ltd. |
33,000 | 32,915 | |||
| Shougang Concord International Enterprises Co., Ltd. |
52,000 | 5,368 | |||
| Singamas Container Holdings Ltd. |
12,000 | 720 | |||
| Techtronic Industries Co. |
7,000 | 3,252 | |||
| Tianjin Development Holdings Ltd. |
14,000 | 5,184 | |||
| Total Hong Kong | 267,952 | ||||
| Ireland – 0.1% | |||||
| DCC PLC |
888 | 13,440 | |||
| Italy – 2.2% | |||||
| Astaldi SpA* |
937 | 3,857 | |||
| Atlantia SpA* |
6,517 | 98,467 | |||
| Autostrada Torino-Milano SpA* |
987 | 5,635 | |||
| CIR-Compagnie Industriali Riunite SpA* |
5,144 | 5,320 | |||
| Esprinet SpA* |
435 | 2,613 | |||
| Finmeccanica SpA* |
4,547 | 56,567 | |||
| Gemina SpA* |
25,753 | 10,001 | |||
| Gewiss SpA* |
2,798 | 9,287 | |||
| Industria Macchine Automatiche SpA* |
1,294 | 20,806 | |||
| Panariagroup Industrie Ceramiche SpA* |
2,759 | 4,506 | |||
| Pirelli & C. SpA RSP* |
17,151 | 4,497 | |||
| Prysmian SpA |
1,351 | 13,453 | |||
| Societa Iniziative Autostradali e Servizi SpA* |
582 | 2,952 | |||
| Total Italy | 237,961 | ||||
| Japan – 17.3% | |||||
| Aeon Delight Co., Ltd. |
100 | 1,253 | |||
| Aichi Corp. |
2,800 | 11,396 | |||
| Amada Co., Ltd. |
4,000 | 20,978 | |||
| Asahi Glass Co., Ltd. |
10,000 | 52,546 | |||
| Asahi Organic Chemicals Industry Co., Ltd. |
6,000 | 16,402 | |||
| Asahi Pretec Corp. |
400 | 6,034 | |||
| Asunaro Aoki Construction Co., Ltd.* |
1,000 | 3,240 | |||
| Canon Marketing Japan, Inc. |
1,000 | 14,033 | |||
| Chiyoda Corp.* |
1,000 | 5,305 | |||
| Chofu Seisakusho Co., Ltd. |
400 | 7,452 | |||
| Chugoku Marine Paints Ltd. |
2,000 | 11,987 | |||
| Dai Nippon Printing Co., Ltd. |
6,000 | 54,612 | |||
| Daifuku Co., Ltd. |
1,000 | 5,346 | |||
| Daikin Industries Ltd. |
800 | 21,707 | |||
| Daikoku Denki Co., Ltd. |
300 | 3,751 | |||
| Duskin Co., Ltd.* |
600 | 9,525 | |||
| Eagle Industry Co., Ltd.* |
1,000 | 3,189 | |||
| Fanuc Ltd. |
1,300 | 87,263 | |||
| Fujimi, Inc. |
600 | 7,089 | |||
| Furukawa Co., Ltd. |
7,000 | 5,811 | |||
| Investments | Shares | U.S. $ Value | |||
| Gun-Ei Chemical Industry Co., Ltd. |
2,000 | $ | 4,232 | ||
| Hankyu Hanshin Holdings, Inc.* |
9,000 | 40,731 | |||
| Hitachi Cable Ltd. |
4,000 | 7,695 | |||
| Hitachi Chemical Co., Ltd. |
900 | 10,734 | |||
| Hitachi Construction Machinery Co., Ltd. |
1,400 | 17,987 | |||
| Hitachi Koki Co., Ltd. |
600 | 4,921 | |||
| Hitachi Tool Engineering Ltd. |
300 | 1,746 | |||
| Idec Corp. |
1,000 | 5,326 | |||
| Iino Kaiun Kaisha Ltd. |
900 | 3,973 | |||
| Inui Steamship Co., Ltd.* |
500 | 3,037 | |||
| Japan Transcity Corp. |
2,000 | 6,014 | |||
| JGC Corp.* |
2,000 | 22,598 | |||
| JS Group Corp. |
3,700 | 41,432 | |||
| JTEKT Corp. |
1,300 | 9,003 | |||
| Kaga Electronics Co., Ltd. |
400 | 3,240 | |||
| Kajima Corp. |
5,000 | 12,251 | |||
| Kandenko Co., Ltd. |
2,000 | 13,304 | |||
| Kawasaki Heavy Industries Ltd.* |
8,000 | 15,875 | |||
| Keihin Electric Express Railway Co., Ltd. |
2,000 | 14,417 | |||
| Keio Corp. |
4,000 | 22,679 | |||
| Kintetsu Corp.* |
8,000 | 33,208 | |||
| Kitz Corp. |
2,000 | 6,054 | |||
| Komatsu Ltd.* |
7,500 | 81,249 | |||
| Kubota Corp. |
10,000 | 54,166 | |||
| Kurita Water Industries Ltd. |
800 | 15,333 | |||
| Kyodo Printing Co., Ltd. |
4,000 | 8,545 | |||
| Lintec Corp. |
400 | 4,953 | |||
| Mabuchi Motor Co., Ltd. |
400 | 16,159 | |||
| Maeda Corp.* |
2,000 | 6,925 | |||
| Makita Corp. |
1,000 | 22,274 | |||
| Maruichi Steel Tube Ltd. |
600 | 12,818 | |||
| Maruzen Showa Unyu Co., Ltd. |
3,000 | 8,170 | |||
| Matsuda Sangyo Co., Ltd.(b) |
250 | 2,822 | |||
| Minebea Co., Ltd.* |
4,000 | 14,498 | |||
| Mitsubishi Heavy Industries Ltd. |
12,000 | 36,205 | |||
| Mitsubishi Steel Manufacturing Co., Ltd. |
2,000 | 3,685 | |||
| Mitsui Engineering & Shipbuilding Co., Ltd.* |
4,000 | 6,642 | |||
| Mitsui O.S.K. Lines Ltd. |
12,000 | 58,439 | |||
| Miura Co., Ltd. |
400 | 8,950 | |||
| Nagoya Railroad Co., Ltd. |
4,000 | 11,866 | |||
| Neturen Co., Ltd. |
200 | 1,154 | |||
| NGK Insulators Ltd. |
1,000 | 15,237 | |||
| Nihon Yamamura Glass Co., Ltd. |
7,000 | 14,529 | |||
| Nikkiso Co., Ltd. |
1,000 | 5,690 | |||
| Nippo Corp.* |
2,000 | 16,280 | |||
| Nippon Densetsu Kogyo Co., Ltd.* |
1,000 | 8,646 | |||
| Nippon Express Co., Ltd. |
8,000 | 24,947 | |||
| Nippon Koei Co., Ltd.* |
2,000 | 4,435 | |||
| Nippon Sheet Glass Co., Ltd. |
4,000 | 9,801 | |||
| Nippon Signal Co., Ltd. (The) |
800 | 4,455 | |||
| Nippon Valqua Industries Ltd. |
4,000 | 7,816 | |||
| Nippon Yusen K.K. |
11,000 | 41,986 | |||
| Nishimatsu Construction Co., Ltd.* |
4,000 | 3,199 | |||
| Nishi-Nippon Railroad Co., Ltd. |
2,000 | 7,573 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Industrial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Nissha Printing Co., Ltd. |
100 | $ | 3,169 | ||
| Nitto Denko Corp. |
1,000 | 20,300 | |||
| Nitto Kogyo Corp. |
600 | 4,580 | |||
| NOK Corp. |
500 | 4,237 | |||
| Nomura Co., Ltd. |
2,000 | 4,637 | |||
| NSK Ltd. |
4,000 | 15,268 | |||
| NTN Corp. |
4,000 | 11,218 | |||
| Obayashi Corp. |
4,000 | 19,358 | |||
| Odakyu Electric Railway Co., Ltd. |
4,000 | 30,941 | |||
| Okabe Co., Ltd. |
2,300 | 7,987 | |||
| OKUMA Corp. |
2,000 | 7,391 | |||
| Okumura Corp. |
4,000 | 14,093 | |||
| OSG Corp. |
800 | 4,852 | |||
| Pack Corp. (The) |
800 | 9,954 | |||
| Panasonic Electric Works Co., Ltd. |
6,000 | 43,495 | |||
| Ryosan Co., Ltd. |
400 | 8,302 | |||
| Sakata INX Corp. |
2,000 | 5,488 | |||
| Sanshin Electronics Co., Ltd. |
1,300 | 8,253 | |||
| Sanwa Holdings Corp. |
4,000 | 11,177 | |||
| Secom Co., Ltd.* |
1,300 | 47,778 | |||
| Shikoku Chemicals Corp. |
1,000 | 3,301 | |||
| Shimizu Corp. |
7,000 | 28,987 | |||
| Sinfonia Technology Co., Ltd.* |
2,000 | 4,394 | |||
| Sodick Co., Ltd. |
1,000 | 1,650 | |||
| Sohgo Security Services Co., Ltd. |
1,000 | 8,555 | |||
| Sumitomo Electric Industries Ltd. |
3,900 | 32,418 | |||
| Taihei Dengyo Kaisha Ltd.* |
1,000 | 8,434 | |||
| Taihei Kogyo Co., Ltd.* |
2,000 | 4,435 | |||
| Taikisha Ltd. |
800 | 8,497 | |||
| Taisei Corp. |
8,000 | 15,227 | |||
| Taiyo Ink Manufacturing Co., Ltd. |
300 | 4,650 | |||
| Takiron Co., Ltd. |
4,000 | 9,760 | |||
| Tamron Co., Ltd. |
200 | 2,063 | |||
| THK Co., Ltd. |
800 | 10,708 | |||
| Tobu Railway Co., Ltd. |
4,000 | 20,209 | |||
| Tocalo Co., Ltd. |
300 | 2,721 | |||
| Toda Corp.* |
4,000 | 12,271 | |||
| Toho Titanium Co., Ltd.(b) |
300 | 3,654 | |||
| Tokai Rubber Industries, Inc. |
800 | 6,229 | |||
| Tokyo Energy & Systems, Inc. |
2,000 | 12,939 | |||
| Tokyo Kikai Seisakusho Ltd.*(b) |
4,000 | 6,561 | |||
| Tokyu Community Corp. |
800 | 12,457 | |||
| Tokyu Corp. |
5,000 | 20,857 | |||
| Tomoku Co., Ltd. |
3,000 | 5,437 | |||
| Tonami Holdings Co., Ltd. |
4,000 | 10,570 | |||
| Toppan Forms Co., Ltd. |
600 | 6,706 | |||
| Toppan Printing Co., Ltd. |
4,000 | 27,093 | |||
| Topy Industries Ltd. |
4,000 | 5,832 | |||
| Tosho Printing Co., Ltd. |
5,000 | 13,618 | |||
| Toyo Seikan Kaisha Ltd. |
600 | 8,711 | |||
| Tsukishima Kikai Co., Ltd. |
1,000 | 4,809 | |||
| Union Tool Co. |
200 | 4,202 | |||
| Ushio, Inc.* |
800 | 11,210 | |||
| USS Co., Ltd. |
390 | 16,979 | |||
| Investments | Shares | U.S. $ Value | |||
| Yamato Holdings Co., Ltd. |
4,000 | $ | 37,542 | ||
| Yurtec Corp. |
3,000 | 16,037 | |||
| Zenrin Co., Ltd.(a) |
300 | 3,207 | |||
| Total Japan | 1,884,231 | ||||
| Netherlands – 5.6% | |||||
| Aalberts Industries N.V.* |
487 | 2,625 | |||
| Akzo Nobel N.V.* |
4,752 | 179,781 | |||
| Arcadis N.V.* |
263 | 3,172 | |||
| Ballast Nedam N.V. CVA* |
284 | 5,465 | |||
| Brunel International* |
622 | 7,845 | |||
| European Aeronautic Defence and Space Co. N.V.* |
2,838 | 33,008 | |||
| Grontmij CVA* |
67 | 1,373 | |||
| Heijmans N.V.* |
296 | 1,702 | |||
| Kardan N.V.* |
212 | 532 | |||
| Koninklijke BAM Groep N.V.* |
2,706 | 24,039 | |||
| Koninklijke Boskalis Westminster N.V.* |
1,103 | 22,157 | |||
| Koninklijke Philips Electronics N.V.*(b) |
12,024 | 176,884 | |||
| Koninklijke Vopak N.V.* |
742 | 29,683 | |||
| Smit Internationale N.V.* |
247 | 14,092 | |||
| TKH Group N.V.* |
711 | 7,184 | |||
| TNT N.V.* |
5,092 | 87,077 | |||
| Wavin N.V. |
3,492 | 11,452 | |||
| Total Netherlands | 608,071 | ||||
| New Zealand – 0.6% | |||||
| Air New Zealand Ltd. |
37,817 | 19,426 | |||
| Auckland International Airport Ltd. |
39,830 | 38,873 | |||
| Freightways Ltd. |
3,933 | 6,622 | |||
| Infratil Ltd. |
2,445 | 2,037 | |||
| Mainfreight Ltd. |
799 | 1,893 | |||
| Total New Zealand | 68,851 | ||||
| Norway – 0.7% | |||||
| Aker Solutions ASA* |
2,591 | 16,712 | |||
| Fred Olsen Energy ASA* |
480 | 13,151 | |||
| Scana Industrier* |
2,000 | 1,896 | |||
| Tomra Systems ASA* |
3,300 | 12,170 | |||
| Veidekke ASA* |
5,700 | 25,325 | |||
| Wilh Wilhelmsen ASA Class A* |
100 | 1,066 | |||
| Total Norway | 70,320 | ||||
| Portugal – 0.5% | |||||
| BRISA* |
6,934 | 47,873 | |||
| Mota Engil SGPS S.A.* |
3,123 | 10,449 | |||
| Total Portugal | 58,322 | ||||
| Singapore – 4.3% | |||||
| China Aviation Oil Singapore Corp., Ltd.* |
12,000 | 5,249 | |||
| Chip Eng Seng Corp., Ltd.* |
11,000 | 1,230 | |||
| ComfortDelgro Corp., Ltd.* |
53,999 | 48,309 | |||
| Cosco Corp. Singapore Ltd.*(b) |
18,000 | 9,709 | |||
| CWT Ltd.* |
6,000 | 1,322 | |||
| First Ship Lease Trust |
7,000 | 1,727 | |||
| Fraser and Neave Ltd.* |
10,000 | 16,643 | |||
| Hi-P International Ltd.* |
8,000 | 2,421 | |||
| Jaya Holdings Ltd.* |
13,000 | 2,394 | |||
See Notes to Financial Statements.
| 36 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Industrial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Midas Holdings Ltd.* |
6,000 | $ | 1,658 | ||
| Neptune Orient Lines Ltd.* |
21,000 | 16,301 | |||
| Pan-United Corp., Ltd.* |
9,000 | 2,427 | |||
| Raffles Education Corp., Ltd. |
19,000 | 4,687 | |||
| Rickmers Maritime* |
14,000 | 3,177 | |||
| SBS Transit Ltd.* |
5,000 | 5,262 | |||
| SembCorp Industries Ltd.* |
30,000 | 46,375 | |||
| SembCorp Marine Ltd.* |
23,333 | 27,781 | |||
| SIA Engineering Co., Ltd.* |
9,000 | 11,071 | |||
| Singapore Airlines Ltd.* |
14,000 | 92,093 | |||
| Singapore Airport Terminal Services Ltd.* |
18,000 | 14,327 | |||
| Singapore Post Ltd.* |
57,710 | 29,421 | |||
| Singapore Shipping Corp., Ltd.* |
37,412 | 4,676 | |||
| Singapore Technologies Engineering Ltd.* |
51,000 | 82,529 | |||
| SMRT Corp., Ltd.* |
39,000 | 39,251 | |||
| United Engineers Ltd.* |
3,000 | 2,447 | |||
| Total Singapore | 472,487 | ||||
| Spain – 7.5% | |||||
| Abengoa, S.A. |
197 | 2,618 | |||
| Abertis Infraestructuras, S.A.* |
6,537 | 102,154 | |||
| Acciona, S.A.* |
496 | 51,004 | |||
| ACS Actividades de Construccion y Servicios, S.A.*(b) |
6,245 | 259,026 | |||
| Cintra Concesiones de Infraestructuras de Transporte, S.A.* |
1,764 | 7,893 | |||
| Duro Felguera, S.A. |
1,735 | 10,481 | |||
| Fomento de Construcciones y Contratas S.A.* |
2,657 | 81,314 | |||
| Gamesa Corp. Tecnologica, S.A.* |
886 | 11,363 | |||
| Grupo Ferrovial, S.A.* |
1,428 | 30,449 | |||
| Iberia Lineas Aereas de Espana* |
42,312 | 88,761 | |||
| Prosegur Cia de Seguridad, S.A. |
607 | 16,344 | |||
| Sacyr Vallehermoso, S.A.* |
2,900 | 22,332 | |||
| Tecnicas Reunidas, S.A. |
83 | 2,635 | |||
| Uralita S.A.* |
5,676 | 32,028 | |||
| Viscofan, S.A.* |
304 | 5,905 | |||
| Zardoya Otis, S.A.*(b) |
5,113 | 93,478 | |||
| Total Spain | 817,785 | ||||
| Sweden – 8.7% | |||||
| AB Volvo Class A*(b) |
16,852 | 89,282 | |||
| AB Volvo Class B*(b) |
38,520 | 203,612 | |||
| Alfa Laval AB* |
5,140 | 38,703 | |||
| Assa Abloy AB Class B* |
5,584 | 52,008 | |||
| Atlas Copco AB Class A*(b) |
9,353 | 69,859 | |||
| Atlas Copco AB Class B* |
3,154 | 21,364 | |||
| Cardo AB* |
442 | 7,432 | |||
| Connecta AB |
598 | 3,327 | |||
| Hexagon AB Class B* |
1,492 | 7,219 | |||
| Hoganas AB Class B* |
707 | 6,371 | |||
| Intrum Justitia AB* |
556 | 3,632 | |||
| Lindab International AB |
360 | 1,829 | |||
| NCC AB Class B*(b) |
2,330 | 16,628 | |||
| Nibe Industrier AB Class B* |
495 | 3,054 | |||
| Niscayah Group AB |
4,917 | 5,858 | |||
| Peab AB* |
2,521 | 7,837 | |||
| Investments | Shares | U.S. $ Value | |||
| Rederi AB Transatlantic* |
1,425 | $ | 4,171 | ||
| Saab AB Class B* |
855 | 5,223 | |||
| Sandvik AB*(b) |
16,553 | 94,305 | |||
| Scania AB Class A* |
6,222 | 49,860 | |||
| Scania AB Class B* |
6,461 | 52,361 | |||
| Seco Tools Class B* |
1,936 | 13,172 | |||
| Securitas AB Class B* |
4,786 | 34,734 | |||
| Skanska AB Class B*(b) |
9,892 | 84,953 | |||
| SKF AB Class B* |
8,526 | 73,480 | |||
| Total Sweden | 950,274 | ||||
| Switzerland – 2.0% | |||||
| Bucher Industries AG* |
42 | 2,992 | |||
| Geberit AG* |
456 | 41,026 | |||
| Kuehne + Nagel International AG* |
890 | 52,012 | |||
| Panalpina Welttransport Holding AG* |
279 | 13,716 | |||
| Schindler Holding AG* |
641 | 29,314 | |||
| Schindler Holding AG Participating Shares* |
384 | 18,152 | |||
| SGS S.A.* |
37 | 38,886 | |||
| Sulzer AG* |
286 | 14,765 | |||
| Von Roll Holding AG* |
154 | 825 | |||
| Total Switzerland | 211,688 | ||||
| United Kingdom – 8.4% | |||||
| Aggreko PLC |
1,401 | 9,875 | |||
| AMEC PLC |
2,420 | 18,506 | |||
| Arriva PLC |
4,271 | 22,681 | |||
| Atkins WS PLC |
724 | 5,132 | |||
| Babcock International Group |
1,440 | 8,865 | |||
| BAE Systems PLC |
40,467 | 194,021 | |||
| Balfour Beatty PLC |
6,377 | 29,981 | |||
| BBA Aviation PLC |
13,351 | 15,788 | |||
| Business Post Group PLC |
1,517 | 5,436 | |||
| Carillion PLC |
6,761 | 23,500 | |||
| Chemring Group PLC |
216 | 5,873 | |||
| Chloride Group PLC |
1,832 | 3,282 | |||
| Clarkson PLC |
397 | 2,766 | |||
| Cobham PLC |
14,955 | 36,827 | |||
| Communisis PLC |
8,698 | 3,460 | |||
| Davis Service Group PLC |
2,506 | 9,402 | |||
| De La Rue PLC |
1,045 | 14,559 | |||
| DS Smith PLC |
5,931 | 4,251 | |||
| Fenner PLC |
1,797 | 1,185 | |||
| Firstgroup PLC |
7,670 | 29,408 | |||
| G4S PLC |
12,252 | 34,052 | |||
| Go-Ahead Group PLC |
1,028 | 16,208 | |||
| Hill & Smith Holdings PLC |
704 | 1,574 | |||
| IMI PLC |
7,865 | 30,579 | |||
| Intertek Group PLC |
1,020 | 12,946 | |||
| ITE Group PLC |
7,427 | 6,893 | |||
| James Fisher & Sons PLC |
502 | 2,937 | |||
| Keller Group PLC |
887 | 6,252 | |||
| Management Consulting Group PLC |
19,591 | 8,424 | |||
| Meggitt PLC |
9,404 | 17,287 | |||
| Melrose PLC |
4,215 | 5,135 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 37 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Industrial Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| Mitie Group PLC |
3,669 | $ | 9,834 | |||
| Morgan Sindall PLC |
930 | 7,598 | ||||
| Mouchel Group PLC |
1,354 | 5,754 | ||||
| National Express Group PLC |
2,775 | 6,036 | ||||
| Premier Farnell PLC |
9,821 | 16,752 | ||||
| Rexam PLC |
14,667 | 56,762 | ||||
| Ricardo PLC |
2,538 | 7,230 | ||||
| Rotork PLC |
524 | 6,399 | ||||
| RPC Group PLC |
1,154 | 1,902 | ||||
| RPS Group PLC |
1,083 | 2,418 | ||||
| Savills PLC |
4,565 | 15,426 | ||||
| Senior PLC |
4,162 | 1,641 | ||||
| Shanks Group PLC |
5,774 | 4,614 | ||||
| Smiths Group PLC |
5,062 | 48,540 | ||||
| Spectris PLC |
1,706 | 9,842 | ||||
| Spirax-Sarco Engineering PLC |
990 | 11,920 | ||||
| Stagecoach Group PLC |
8,608 | 14,806 | ||||
| Tomkins PLC |
31,704 | 55,100 | ||||
| Ultra Electronics Holdings PLC |
560 | 8,749 | ||||
| Umeco PLC |
1,397 | 2,353 | ||||
| VT Group PLC |
1,626 | 11,024 | ||||
| Weir Group PLC (The) |
2,923 | 17,335 | ||||
| WSP Group PLC |
365 | 1,249 | ||||
| Total United Kingdom | 910,369 | |||||
| TOTAL COMMON STOCKS (Cost: $23,714,945) |
10,750,266 | |||||
| RIGHTS – 0.0% | ||||||
| Hong Kong – 0.0% | ||||||
| Singamas Container Holdings Ltd., expiring 4/22/09 (Cost: $0) |
24,000 | 356 | ||||
| TOTAL LONG-TERM INVESTMENTS (Cost: $23,715,681) |
10,750,622 | |||||
| SHORT-TERM INVESTMENT – 0.0% | ||||||
| MONEY MARKET FUND – 0.0% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) | ||||||
| (Cost: $4,548) | 4,548 | 4,548 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.1% | ||||||
| MONEY MARKET FUND – 9.1% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $990,076)(d) |
990,076 | 990,076 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 108.0% (Cost: $24,710,305) |
11,745,246 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (8.0)% |
(867,162 | ) | ||||
| NET ASSETS – 100.0% | $ | 10,878,084 | ||||
| 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. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (c) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (d) |
Interest rates shown reflect yields as of March 31, 2009. |
| (e) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $964,703 and the total market value of the collateral held by the Fund was $990,076. |
See Notes to Financial Statements.
| 38 | WisdomTree International Dividend Sector Funds |
Table of Contents
WisdomTree International Technology Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 97.3% | |||||
| Australia – 1.7% | |||||
| Computershare Ltd. |
8,209 | $ | 50,078 | ||
| DWS Advanced Business Solutions Ltd. |
10,237 | 3,592 | |||
| Infomedia Ltd. |
22,737 | 4,186 | |||
| Oakton Ltd. |
3,059 | 1,658 | |||
| Salmat Ltd. |
9,797 | 25,730 | |||
| SMS Management & Technology Ltd. |
3,165 | 5,168 | |||
| Total Australia | 90,412 | ||||
| Austria – 0.0% | |||||
| A&T Austria Technologie & Systemtechnik AG* |
626 | 2,452 | |||
| Belgium – 0.2% | |||||
| Melexis N.V.* |
1,902 | 8,839 | |||
| Finland – 18.1% | |||||
| F-Secure Oyj* |
2,336 | 6,358 | |||
| Nokia Oyj* |
80,199 | 945,544 | |||
| Tietoenator Oyj* |
1,740 | 18,043 | |||
| Total Finland | 969,945 | ||||
| France – 5.3% | |||||
| Cap Gemini S.A.* |
2,935 | 94,381 | |||
| Dassault Systemes S.A.* |
1,179 | 45,802 | |||
| GFI Informatique* |
2,074 | 6,251 | |||
| Groupe Steria SCA* |
525 | 7,413 | |||
| Iliad S.A.* |
176 | 16,404 | |||
| Ingenico* |
402 | 6,672 | |||
| LaCie S.A.* |
1,832 | 4,597 | |||
| Neopost S.A.* |
1,342 | 104,064 | |||
| Total France | 285,584 | ||||
| Germany – 8.4% | |||||
| Bechtle AG* |
421 | 6,708 | |||
| Epcos AG* |
1,139 | 28,687 | |||
| Freenet AG* |
2,489 | 15,499 | |||
| Kontron AG* |
692 | 6,670 | |||
| SAP AG* |
8,880 | 314,557 | |||
| Software AG* |
511 | 36,399 | |||
| Wincor Nixdorf AG* |
865 | 39,174 | |||
| Total Germany | 447,694 | ||||
| Hong Kong – 0.7% | |||||
| Lenovo Group Ltd.(a) |
158,000 | 36,289 | |||
| Italy – 0.2% | |||||
| SAES Getters SpA* |
605 | 5,386 | |||
| SAES Getters SpA RSP* |
409 | 3,475 | |||
| Total Italy | 8,861 | ||||
| Japan – 42.2% | |||||
| Advantest Corp.* |
2,400 | 35,501 | |||
| Ai Holdings Corp. |
1,300 | 3,791 | |||
| Amano Corp. |
1,600 | 12,716 | |||
| Brother Industries Ltd. |
2,700 | 19,764 | |||
| Canon Electronics, Inc. |
500 | 5,943 | |||
| Canon Finetech, Inc. |
800 | 8,335 | |||
| Canon, Inc. |
16,400 | 468,239 | |||
| Investments | Shares | U.S. $ Value | |||
| Chiyoda Integre Co., Ltd.* |
300 | $ | 3,189 | ||
| Citizen Holdings Co., Ltd. |
4,100 | 16,604 | |||
| Denki Kogyo Co., Ltd. |
3,000 | 16,493 | |||
| Disco Corp. |
400 | 9,861 | |||
| DTS Corp. |
300 | 1,941 | |||
| Eizo Nanao Corp. |
500 | 7,998 | |||
| Foster Electric Co., Ltd.* |
400 | 2,248 | |||
| FUJI SOFT, Inc. |
300 | 4,586 | |||
| Fujitsu Ltd. |
16,000 | 59,127 | |||
| Hamamatsu Photonics K.K. |
800 | 14,960 | |||
| Hirose Electric Co., Ltd. |
400 | 38,311 | |||
| Hitachi Information Systems Ltd. |
600 | 9,835 | |||
| Hitachi Kokusai Electric, Inc. |
1,000 | 5,194 | |||
| Hitachi Maxell Ltd. |
900 | 6,460 | |||
| Hitachi Software Engineering Co., Ltd. |
800 | 9,801 | |||
| Hitachi Systems & Services Ltd. |
600 | 5,328 | |||
| Horiba Ltd. |
400 | 6,812 | |||
| HOYA CORP. |
6,900 | 134,828 | |||
| Ibiden Co., Ltd. |
1,200 | 28,733 | |||
| Information Services International-Dentsu Ltd. |
300 | 1,564 | |||
| Itochu Techno-Solutions Corp. |
1,000 | 20,603 | |||
| Keyence Corp. |
110 | 20,603 | |||
| Koa Corp. |
700 | 3,005 | |||
| Kokuyo Co., Ltd. |
1,100 | 8,019 | |||
| Konica Minolta Holdings, Inc. |
3,500 | 29,695 | |||
| Kyocera Corp. |
1,300 | 85,289 | |||
| Megachips Corp.* |
300 | 4,747 | |||
| Mimasu Semiconductor Industry Co., Ltd. |
200 | 2,171 | |||
| Mitsumi Electric Co., Ltd.* |
1,000 | 14,276 | |||
| NEC Fielding Ltd. |
1,300 | 13,004 | |||
| NEC Mobiling Ltd. |
600 | 9,270 | |||
| NEC Networks & System Integration Corp. |
500 | 4,252 | |||
| Nichicon Corp. |
1,100 | 8,264 | |||
| Nidec Copal Corp. |
700 | 4,571 | |||
| Nidec Copal Electronics Corp. |
900 | 4,747 | |||
| Nidec Sankyo Corp. |
2,000 | 8,079 | |||
| Nihon Dempa Kogyo Co., Ltd. |
300 | 4,471 | |||
| Nippon Electric Glass Co., Ltd. |
2,000 | 13,891 | |||
| Nomura Research Institute Ltd. |
3,000 | 46,472 | |||
| NS Solutions Corp. |
700 | 7,860 | |||
| NSD Co., Ltd.* |
800 | 5,062 | |||
| Obic Co., Ltd. |
130 | 16,189 | |||
| Okamura Corp. |
1,000 | 4,546 | |||
| Oracle Corp. |
3,754 | 141,388 | |||
| Otsuka Corp.* |
400 | 14,822 | |||
| Panasonic Corp.* |
28,000 | 303,048 | |||
| Ricoh Co., Ltd. |
9,000 | 105,973 | |||
| Roland DG Corp. |
300 | 3,639 | |||
| Sanken Electric Co., Ltd. |
3,000 | 7,685 | |||
| Sato Corp. |
500 | 3,630 | |||
| Seiko Epson Corp. |
2,000 | 26,972 | |||
| Shimadzu Corp. |
1,000 | 6,368 | |||
| Shinko Electric Industries Co., Ltd. |
1,100 | 10,447 | |||
| SMK Corp. |
1,000 | 2,136 | |||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 39 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Technology Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Softbank Corp.* |
900 | $ | 11,445 | ||
| Star Micronics Co., Ltd. |
1,100 | 10,090 | |||
| Sumco Corp. |
3,500 | 51,099 | |||
| Sumisho Computer Systems Corp. |
800 | 9,185 | |||
| Taiyo Yuden Co., Ltd. |
1,000 | 7,533 | |||
| Takachiho Electric Co., Ltd. |
500 | 3,544 | |||
| TDK Corp. |
1,600 | 59,127 | |||
| TKC Corp. |
300 | 5,959 | |||
| Tokyo Electron Ltd. |
1,500 | 55,280 | |||
| Toshiba TEC Corp. |
4,000 | 10,165 | |||
| Trend Micro, Inc.* |
2,500 | 70,112 | |||
| Ulvac, Inc.* |
100 | 1,814 | |||
| Yahoo! Japan Corp.* |
82 | 21,478 | |||
| Yamatake Corp. |
1,000 | 17,100 | |||
| Yaskawa Electric Corp. |
2,000 | 8,606 | |||
| Yokogawa Electric Corp. |
2,500 | 9,973 | |||
| Total Japan | 2,255,866 | ||||
| Netherlands – 2.3% | |||||
| ASML Holding N.V.* |
4,052 | 71,821 | |||
| Exact Holding N.V.* |
1,449 | 29,031 | |||
| STMicroelectronics N.V.* |
4,765 | 23,851 | |||
| Total Netherlands | 124,703 | ||||
| Norway – 0.3% | |||||
| EDB Business Partner ASA* |
3,200 | 5,687 | |||
| Tandberg ASA* |
600 | 8,806 | |||
| Total Norway | 14,493 | ||||
| Singapore – 0.7% | |||||
| Creative Technology Ltd.* |
3,500 | 7,828 | |||
| Venture Corp., Ltd.* |
9,000 | 29,838 | |||
| Total Singapore | 37,666 | ||||
| Spain – 1.1% | |||||
| Indra Sistemas S.A.* |
3,087 | 59,512 | |||
| Sweden – 10.5% | |||||
| Axis Communications AB* |
889 | 5,075 | |||
| Telefonaktiebolaget LM Ericsson Class A* |
5,400 | 43,763 | |||
| Telefonaktiebolaget LM Ericsson Class B* |
62,849 | 513,143 | |||
| Total Sweden | 561,981 | ||||
| Switzerland – 0.3% | |||||
| Huber & Suhner AG* |
379 | 9,666 | |||
| Kudelski S.A.* |
642 | 6,109 | |||
| Total Switzerland | 15,775 | ||||
| United Kingdom – 5.3% | |||||
| ARM Holdings PLC |
17,813 | 26,171 | |||
| Computacenter PLC |
7,511 | 12,381 | |||
| Dimension Data Holdings PLC |
12,086 | 7,059 | |||
| Domino Printing Sciences |
3,892 | 10,488 | |||
| E2V Technologies PLC |
983 | 581 | |||
| Fidessa Group PLC |
779 | 9,078 | |||
| Halma PLC |
8,142 | 19,285 | |||
| Laird PLC |
3,756 | 5,276 | |||
| Logica PLC |
51,703 | 47,244 | |||
| Investments | Shares | U.S. $ Value | ||||
| Micro Focus International PLC |
4,148 | $ | 17,956 | |||
| Misys PLC |
15,914 | 28,741 | ||||
| Psion PLC |
2,530 | 1,886 | ||||
| Renishaw PLC |
1,438 | 5,122 | ||||
| RM PLC |
1,312 | 2,905 | ||||
| Sage Group PLC (The) |
34,847 | 84,512 | ||||
| Vitec Group PLC (The) |
1,271 | 2,842 | ||||
| Total United Kingdom | 281,527 | |||||
| TOTAL COMMON STOCKS (Cost: $8,987,919) |
5,201,599 | |||||
| SHORT-TERM INVESTMENT – 1.9% | ||||||
| MONEY MARKET FUND – 1.9% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $102,684) |
102,684 | 102,684 | ||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8% | ||||||
| MONEY MARKET FUND – 0.8% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $41,003)(d) |
41,003 | 41,003 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.0% (Cost: $9,131,606) |
5,345,286 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (0.0)% |
(1,778 | ) | ||||
| NET ASSETS – 100.0% | $ | 5,343,508 | ||||
| RSP | – Risparmio Italian Savings Shares |
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $31,421 and the total market value of the collateral held by the Fund was $41,003. |
See Notes to Financial Statements.
| 40 | WisdomTree International Dividend Sector Funds |
Table of Contents
WisdomTree International Utilities Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 99.5% | |||||
| Australia – 1.8% | |||||
| AGL Energy Ltd. |
25,517 | $ | 265,229 | ||
| Energy Developments Ltd. |
3,726 | 3,288 | |||
| Envestra Ltd.(a) |
126,238 | 30,699 | |||
| Hastings Diversified Utilities Fund(a) |
23,768 | 10,156 | |||
| Origin Energy Ltd. |
20,768 | 213,558 | |||
| Total Australia | 522,930 | ||||
| Austria – 0.8% | |||||
| EVN AG* |
2,823 | 40,667 | |||
| Verbund – Oesterreichische Elektrizitaetswirtschafts AG Class A* |
5,183 | 196,741 | |||
| Total Austria | 237,408 | ||||
| Finland – 1.6% | |||||
| Fortum Oyj* |
23,885 | 455,069 | |||
| France – 21.7% | |||||
| Electricite de France* |
56,590 | 2,219,099 | |||
| Gaz de France Suez* |
100,780 | 3,458,876 | |||
| Sechilienne-Sidec* |
879 | 27,846 | |||
| Veolia Environnement* |
23,045 | 480,982 | |||
| Total France | 6,186,803 | ||||
| Germany – 12.7% | |||||
| E.ON AG* |
72,334 | 2,008,152 | |||
| RWE AG* |
22,804 | 1,598,922 | |||
| Total Germany | 3,607,074 | ||||
| Hong Kong – 6.2% | |||||
| China Power International Development Ltd.* |
76,000 | 15,102 | |||
| China Resources Power Holdings Co., Ltd. |
54,000 | 113,156 | |||
| CLP Holdings Ltd. |
124,822 | 857,648 | |||
| Hong Kong & China Gas Co., Ltd. |
118,360 | 186,627 | |||
| HongKong Electric Holdings |
99,886 | 592,872 | |||
| Total Hong Kong | 1,765,405 | ||||
| Italy – 14.8% | |||||
| A2A SpA* |
139,883 | 212,281 | |||
| ACEA SpA* |
11,705 | 139,867 | |||
| AcegasAps SpA* |
2,986 | 17,067 | |||
| Actelios SpA* |
896 | 3,759 | |||
| Ascopiave SpA* |
17,764 | 35,755 | |||
| Edison SpA* |
190,672 | 206,448 | |||
| Enel SpA* |
509,474 | 2,443,599 | |||
| Hera SpA* |
33,773 | 55,558 | |||
| Iride SpA* |
34,880 | 41,656 | |||
| Snam Rete Gas SpA* |
131,742 | 706,652 | |||
| Terna Rete Elettrica Nazionale SpA* |
115,651 | 360,075 | |||
| Total Italy | 4,222,717 | ||||
| Japan – 13.6% | |||||
| Chubu Electric Power Co., Inc. |
21,600 | 474,557 | |||
| Chugoku Electric Power Co., Inc. (The) |
9,500 | 205,832 | |||
| Electric Power Development Co., Ltd. |
3,200 | 94,604 | |||
| Hokkaido Electric Power Co., Inc. |
7,000 | 140,326 | |||
| Hokuriku Electric Power Co. |
5,000 | 119,976 | |||
| Investments | Shares | U.S. $ Value | |||
| Kansai Electric Power Co., Inc. (The) |
29,000 | $ | 628,328 | ||
| Kyushu Electric Power Co., Inc. |
15,200 | 340,103 | |||
| Okinawa Electric Power Co., Inc. (The) |
200 | 10,610 | |||
| Osaka Gas Co., Ltd. |
47,000 | 146,563 | |||
| Saibu Gas Co., Ltd. |
10,000 | 26,222 | |||
| Shikoku Electric Power Co., Inc. |
4,800 | 128,055 | |||
| Shizuoka Gas Co., Ltd. |
1,000 | 5,609 | |||
| Toho Gas Co., Ltd.* |
9,000 | 41,187 | |||
| Tohoku Electric Power Co., Inc. |
16,100 | 352,906 | |||
| Tokai Corp. |
1,000 | 3,645 | |||
| Tokyo Electric Power Co., Inc. (The) |
37,700 | 938,969 | |||
| Tokyo Gas Co., Ltd. |
60,000 | 209,578 | |||
| Total Japan | 3,867,070 | ||||
| New Zealand – 1.2% | |||||
| Contact Energy Ltd. |
32,943 | 107,549 | |||
| TrustPower Ltd. |
19,503 | 78,476 | |||
| Vector Ltd.* |
110,836 | 144,232 | |||
| Total New Zealand | 330,257 | ||||
| Norway – 0.1% | |||||
| Hafslund ASA Class B* |
2,100 | 16,950 | |||
| Portugal – 1.8% | |||||
| Energias de Portugal S.A.* |
143,190 | 496,766 | |||
| Spain – 11.9% | |||||
| Enagas*(b) |
8,504 | 120,472 | |||
| Endesa S.A.* |
37,144 | 694,371 | |||
| Gas Natural SDG S.A.*(b) |
9,760 | 133,341 | |||
| Iberdrola S.A.* |
178,353 | 1,250,301 | |||
| RED ELECTRICA CORP S.A.* |
3,733 | 145,715 | |||
| Sociedad General de Aguas de Barcelona S.A. Class A* |
2,928 | 44,706 | |||
| Union Fenosa S.A.* |
41,230 | 985,340 | |||
| Total Spain | 3,374,246 | ||||
| Switzerland – 0.3% | |||||
| BKW FMB Energie AG* |
1,099 | 79,256 | |||
| United Kingdom – 11.0% | |||||
| Centrica PLC |
213,480 | 696,896 | |||
| Drax Group PLC |
8,128 | 60,174 | |||
| International Power PLC |
44,885 | 135,427 | |||
| National Grid PLC |
156,098 | 1,198,145 | |||
| Northumbrian Water Group PLC |
22,335 | 69,870 | |||
| Pennon Group PLC |
12,400 | 71,983 | |||
| Scottish & Southern Energy PLC |
45,073 | 716,474 | |||
| Severn Trent PLC |
5,056 | 71,746 | |||
| United Utilities Group PLC |
17,012 | 117,897 | |||
| Total United Kingdom | 3,138,612 | ||||
| TOTAL COMMON STOCKS (Cost: $54,501,123) |
28,300,563 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Utilities Sector Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | ||||
| SHORT-TERM INVESTMENT – 0.1% | ||||||
| MONEY MARKET FUND – 0.1% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $36,356) |
36,356 | $ | 36,356 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6% | ||||||
| MONEY MARKET FUND – 0.6% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $163,013)(d) |
163,013 | 163,013 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $54,700,492) |
28,499,932 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (0.2)% |
(44,797 | ) | ||||
| NET ASSETS – 100.0% | $ | 28,455,135 | ||||
| * | Non-income producing security. |
| (a) |
Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
| (b) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (c) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (d) |
Interest rates shown reflect yields as of March 31, 2009. |
| (e) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $146,836 and the total market value of the collateral held by the Fund was $163,013. |
See Notes to Financial Statements.
| 42 | WisdomTree International Dividend Sector Funds |
Table of Contents
WisdomTree International Real Estate Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| COMMON STOCKS – 98.7% | |||||
| Australia – 17.2% | |||||
| Abacus Property Group |
224,336 | $ | 42,864 | ||
| ALE Property Group |
37,408 | 46,784 | |||
| APN European Retail Property Group |
324,793 | 10,155 | |||
| Aspen Group |
90,464 | 25,770 | |||
| Australand Property Group |
469,090 | 89,629 | |||
| Babcock & Brown Japan Property Trust |
237,182 | 46,142 | |||
| Bunnings Warehouse Property Trust |
79,509 | 86,731 | |||
| CFS Retail Property Trust |
292,190 | 330,912 | |||
| Charter Hall Group |
79,958 | 15,555 | |||
| Commonwealth Property Office Fund |
273,154 | 171,758 | |||
| Dexus Property Group |
504,418 | 262,852 | |||
| FKP Property Group |
55,279 | 38,408 | |||
| Goodman Group |
571,213 | 128,986 | |||
| GPT Group |
815,364 | 246,434 | |||
| ING Industrial Fund(a) |
517,671 | 44,960 | |||
| ING Office Fund |
474,664 | 140,164 | |||
| ING Real Estate Community Living Group |
282,405 | 7,652 | |||
| Lend Lease Corp., Ltd. |
150,674 | 679,427 | |||
| MAC Services Group |
4,583 | 3,025 | |||
| Macquarie Countrywide Trust |
454,840 | 75,845 | |||
| Macquarie DDR Trust |
533,709 | 14,462 | |||
| Macquarie Leisure Trust Group |
65,474 | 51,405 | |||
| Macquarie Office Trust |
839,662 | 99,177 | |||
| Mirvac Group |
426,707 | 252,005 | |||
| Mirvac Industrial Trust Class U |
314,114 | 13,095 | |||
| Mirvac Real Estate Investment Trust |
272,056 | 51,982 | |||
| Peet Ltd. |
53,586 | 45,236 | |||
| Stockland |
235,776 | 506,195 | |||
| Sunland Group Ltd. |
95,193 | 39,684 | |||
| Tishman Speyer Office Fund |
166,311 | 8,898 | |||
| Valad Property Group |
323,191 | 7,635 | |||
| Westfield Group |
491,278 | 3,413,400 | |||
| Total Australia | 6,997,227 | ||||
| Belgium – 1.7% | |||||
| Banimmo Class A* |
3,622 | 70,354 | |||
| Cofinimmo* |
2,949 | 314,210 | |||
| Compagnie Immobiliere de Belgique S.A. |
2,010 | 30,103 | |||
| Intervest Offices* |
2,067 | 55,738 | |||
| Leasinvest Real Estate SCA* |
1,370 | 86,036 | |||
| Warehouses De Pauw SCA |
2,654 | 98,312 | |||
| Wereldhave Belgium N.V.* |
567 | 38,092 | |||
| Total Belgium | 692,845 | ||||
| Denmark – 0.1% | |||||
| Jeudan A/S* |
202 | 15,772 | |||
| Nordicom A/S* |
420 | 5,091 | |||
| Total Denmark | 20,863 | ||||
| Finland – 0.4% | |||||
| Citycon Oyj* |
18,698 | 36,245 | |||
| Sponda Oyj* |
31,617 | 86,894 | |||
| Technopolis PLC* |
7,149 | 22,306 | |||
| Total Finland | 145,445 | ||||
| Investments | Shares | U.S. $ Value | |||
| France – 15.4% | |||||
| Affine S.A.* |
3,536 | $ | 40,844 | ||
| ANF S.A.* |
2,630 | 76,786 | |||
| Cegereal |
1,234 | 33,505 | |||
| Fonciere Des Regions*(a) |
13,168 | 618,117 | |||
| Gecina S.A.* |
18,547 | 711,166 | |||
| ICADE* |
10,247 | 725,280 | |||
| Klepierre* |
27,161 | 477,637 | |||
| Les Nouveaux Constructeurs Investissement S.A.* |
10,847 | 38,740 | |||
| Mercialys S.A. |
10,236 | 296,269 | |||
| Societe de La Tour Eiffel* |
2,324 | 53,689 | |||
| Societe Immobiliere de Location pour l’Industrie et le Commerce* |
4,327 | 324,533 | |||
| Unibail-Rodamco* |
20,272 | 2,869,961 | |||
| Total France | 6,266,527 | ||||
| Germany – 1.0% | |||||
| Deutsche Euroshop AG* |
6,965 | 200,669 | |||
| DIC Asset AG |
9,706 | 46,005 | |||
| IVG Immobilien AG* |
22,170 | 133,636 | |||
| Vivacon AG* |
4,534 | 12,642 | |||
| Total Germany | 392,952 | ||||
| Hong Kong – 25.6% | |||||
| Champion Real Estate Investment Trust(a) |
1,118,000 | 266,877 | |||
| Cheung Kong Holdings Ltd. |
193,238 | 1,664,340 | |||
| China Overseas Land & Investment Ltd.(a) |
250,400 | 392,886 | |||
| Guangzhou Investment Co., Ltd. |
1,176,000 | 121,394 | |||
| GZI Real Estate Investment Trust |
257,233 | 67,047 | |||
| Hang Lung Group Ltd. |
103,649 | 315,628 | |||
| Hang Lung Properties Ltd. |
367,283 | 862,523 | |||
| Henderson Land Development Co., Ltd. |
184,320 | 701,605 | |||
| Hysan Development Co., Ltd. |
140,115 | 236,840 | |||
| Kowloon Development Co., Ltd. |
211,398 | 87,014 | |||
| Link REIT (The) |
191,946 | 379,434 | |||
| New World Development Ltd. |
378,125 | 377,149 | |||
| Prosperity Real Estate Investment Trust |
365,905 | 42,492 | |||
| Regal Real Estate Investment Trust |
928,000 | 122,137 | |||
| Shenzhen Investment Ltd. |
1,244,000 | 309,796 | |||
| Silver Grant International* |
260,000 | 28,516 | |||
| Sino Land Co. |
458,305 | 458,305 | |||
| Sun Hung Kai Properties Ltd. |
200,871 | 1,798,767 | |||
| Sunlight Real Estate Investment Trust |
438,000 | 68,385 | |||
| Swire Pacific Ltd. Class A |
123,959 | 826,926 | |||
| Swire Pacific Ltd. Class B* |
407,298 | 523,444 | |||
| Tian An China Investment* |
85,000 | 22,703 | |||
| Wharf Holdings Ltd. |
245,545 | 609,585 | |||
| Wheelock & Co., Ltd. |
61,231 | 103,026 | |||
| Total Hong Kong | 10,386,819 | ||||
| Italy – 0.7% | |||||
| Beni Stabili SpA* |
421,490 | 232,239 | |||
| Immobiliare Grande Distribuzione* |
30,118 | 36,589 | |||
| Total Italy | 268,828 | ||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree International Real Estate Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Japan – 16.2% | |||||
| Advance Residence Investment Corp. |
24 | $ | 78,971 | ||
| Aeon Mall Co., Ltd. |
2,296 | 29,174 | |||
| Blife Investment Corp. |
13 | 31,325 | |||
| Crescendo Investment Corp. Class |
17 | 20,293 | |||
| DA Office Investment Corp. Class |
36 | 50,663 | |||
| Daito Trust Construction Co., Ltd. |
7,600 | 253,923 | |||
| Daiwa House Industry Co., Ltd.* |
49,000 | 392,913 | |||
| Frontier Real Estate Investment Corp. |
15 | 73,656 | |||
| Fukuoka REIT Corp. |
24 | 93,065 | |||
| Global One Real Estate Investment Corp. |
22 | 140,994 | |||
| Hankyu REIT, Inc. |
19 | 77,908 | |||
| Heiwa Real Estate Co., Ltd. |
14,691 | 31,682 | |||
| Iida Home Max |
12,500 | 39,359 | |||
| Japan Excellent, Inc. |
35 | 124,734 | |||
| Japan Hotel and Resort, Inc. |
28 | 32,459 | |||
| Japan Logistics Fund, Inc. |
14 | 85,471 | |||
| Japan Office Investment Corp. |
59 | 41,217 | |||
| Japan Prime Realty Investment Corp. |
132 | 242,964 | |||
| Japan Real Estate Investment Corp. |
72 | 551,099 | |||
| Japan Rental Housing Investments, Inc. Class |
59 | 32,854 | |||
| Japan Retail Fund Investment Corp. |
90 | 342,614 | |||
| Japan Single-Residence REIT, Inc. |
24 | 14,992 | |||
| Joint REIT Investment Corp. |
36 | 44,795 | |||
| Kenedix Realty Investment Corp. |
37 | 68,141 | |||
| Kenedix, Inc.* |
43 | 4,184 | |||
| Land Business Co., Ltd. |
74 | 10,489 | |||
| LaSalle Japan REIT, Inc. |
27 | 27,610 | |||
| LCP Investment Corp. |
53 | 31,284 | |||
| Leopalace21 Corp. |
21,461 | 126,458 | |||
| Meiwa Estate Co., Ltd.* |
9,666 | 38,265 | |||
| MID REIT, Inc. |
49 | 82,899 | |||
| Mitsubishi Estate Co., Ltd. |
30,589 | 341,289 | |||
| Mitsui Fudosan Co., Ltd. |
26,308 | 284,202 | |||
| Mori Hills REIT Investment Corp. |
21 | 59,150 | |||
| Mori Trust Sogo REIT, Inc. |
28 | 199,291 | |||
| Nippon Accommodations Fund, Inc. |
19 | 76,562 | |||
| Nippon Building Fund, Inc. |
69 | 591,009 | |||
| Nippon Commercial Investment Corp. |
80 | 66,498 | |||
| Nippon Hotel Fund Investment Corp. |
10 | 18,528 | |||
| Nippon Residential Investment Corp. |
52 | 38,591 | |||
| Nomura Real Estate Holdings, Inc. |
9,165 | 137,795 | |||
| Nomura Real Estate Office Fund, Inc. |
32 | 177,220 | |||
| NTT Urban Development Corp. |
74 | 59,038 | |||
| Orix JREIT, Inc. |
40 | 163,612 | |||
| Premier Investment Corp. |
24 | 74,112 | |||
| Prospect Residential Investment Corp. |
7 | 4,323 | |||
| Sankei Building Co., Ltd. (The) |
3,242 | 14,147 | |||
| Shoei Co., Ltd./Chiyoda-Ku |
1,535 | 8,563 | |||
| Sumitomo Real Estate Sales Co., Ltd. |
2,506 | 71,930 | |||
| Sumitomo Realty & Development Co., Ltd. |
12,279 | 134,638 | |||
| TGR Investment, Inc. |
24 | 19,682 | |||
| TOC Co., Ltd. |
11,009 | 39,457 | |||
| Toho Real Estate Co., Ltd. |
9,570 | 41,954 | |||
| Investments | Shares | U.S. $ Value | |||
| Tokyo Tatemono Co., Ltd. |
24,751 | $ | 63,400 | ||
| Tokyu Community Corp. |
900 | 14,014 | |||
| Tokyu Land Corp. |
24,168 | 66,066 | |||
| Tokyu Livable, Inc.* |
8,369 | 35,842 | |||
| Tokyu REIT, Inc. |
39 | 206,905 | |||
| Top REIT, Inc. |
48 | 174,466 | |||
| Tosei Corp.* |
92 | 11,280 | |||
| United Urban Investment Corp. |
40 | 161,992 | |||
| Total Japan | 6,572,011 | ||||
| Netherlands – 1.4% | |||||
| Eurocommercial Properties N.V.* |
7,911 | 214,795 | |||
| Plaza Centers N.V.* |
87,767 | 72,964 | |||
| VastNed Offices* |
8,242 | 88,616 | |||
| VastNed Retail N.V.* |
4,950 | 199,727 | |||
| Total Netherlands | 576,102 | ||||
| New Zealand – 1.1% | |||||
| AMP NZ Office Trust |
148,033 | 76,041 | |||
| Goodman Property Trust |
249,430 | 113,890 | |||
| ING Property Trust* |
318,627 | 107,295 | |||
| Kiwi Income Property Trust |
260,962 | 142,986 | |||
| Total New Zealand | 440,212 | ||||
| Norway – 0.0% | |||||
| Norwegian Property ASA* |
30,800 | 18,246 | |||
| Singapore – 6.9% | |||||
| Allgreen Properties Ltd.* |
512,756 | 136,604 | |||
| Ascendas Real Estate Investment Trust |
436,901 | 350,624 | |||
| Ascott Residence Trust |
70,000 | 18,879 | |||
| Cambridge Industrial Trust |
127,280 | 20,931 | |||
| CapitaCommercial Trust |
252,635 | 146,243 | |||
| CapitaLand Ltd.* |
277,589 | 425,459 | |||
| CapitaMall Trust |
343,786 | 298,512 | |||
| CapitaRetail China Trust(a) |
38,000 | 18,373 | |||
| CDL Hospitality Trusts |
114,432 | 39,143 | |||
| City Developments Ltd.*(a) |
84,103 | 282,151 | |||
| Fortune Real Estate Investment Trust |
370,596 | 127,676 | |||
| Frasers Centrepoint Trust |
96,432 | 39,963 | |||
| Frasers Commercial Trust |
121,070 | 11,150 | |||
| Guocoland Ltd.* |
106,985 | 68,968 | |||
| Ho Bee Investment Ltd.* |
74,000 | 15,820 | |||
| Keppel Land Ltd.* |
24,168 | 23,052 | |||
| K-REIT Asia |
113,000 | 44,228 | |||
| Mapletree Logistics Trust |
266,285 | 65,687 | |||
| Orchard Parade Holdings Ltd.* |
12,000 | 4,263 | |||
| Singapore Land Ltd.* |
80,544 | 168,484 | |||
| Starhill Global REIT |
347,526 | 104,015 | |||
| Suntec Real Estate Investment Trust |
290,828 | 120,525 | |||
| United Industrial Corp., Ltd.* |
94,147 | 63,169 | |||
| UOL Group Ltd.* |
104,000 | 127,931 | |||
| Wheelock Properties S Ltd.* |
96,003 | 56,836 | |||
| Wing Tai Holdings Ltd.* |
89,064 | 41,011 | |||
| Total Singapore | 2,819,697 | ||||
See Notes to Financial Statements.
| 44 | WisdomTree International Dividend Sector Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree International Real Estate Fund
March 31, 2009
| Investments | Shares | U.S. $ Value | |||
| Spain – 1.7% | |||||
| Metrovacesa S.A.*(a) |
17,562 | $ | 443,025 | ||
| Parquesol Inmobiliaria y Proyectos S.A.* |
10,140 | 97,471 | |||
| Realia Business S.A.* |
48,133 | 123,339 | |||
| Renta Corp. Real Estate S.A. |
15,835 | 37,423 | |||
| Total Spain | 701,258 | ||||
| Sweden – 2.6% | |||||
| Castellum AB* |
30,486 | 170,733 | |||
| Fabege AB*(a) |
53,506 | 187,688 | |||
| Hufvudstaden AB Class A* |
26,436 | 135,581 | |||
| Klovern AB* |
44,277 | 84,620 | |||
| Kungsleden AB* |
87,935 | 336,113 | |||
| Wallenstam Byggnads AB Class B* |
7,240 | 59,769 | |||
| Wihlborgs Fastigheter AB* |
8,417 | 93,666 | |||
| Total Sweden | 1,068,170 | ||||
| Switzerland – 0.9% | |||||
| Allreal Holding AG* |
1,883 | 198,725 | |||
| Intershop Holdings |
615 | 151,444 | |||
| Total Switzerland | 350,169 | ||||
| United Kingdom – 5.8% | |||||
| British Land Co. PLC |
105,226 | 544,104 | |||
| Brixton PLC |
53,063 | 13,500 | |||
| Capital & Regional PLC |
31,174 | 7,596 | |||
| Daejan Holdings PLC |
913 | 24,563 | |||
| Derwent London PLC |
7,320 | 69,773 | |||
| Development Securities PLC |
4,723 | 16,315 | |||
| Grainger PLC |
17,245 | 25,336 | |||
| Great Portland Estates PLC |
22,464 | 78,485 | |||
| Hammerson PLC |
45,762 | 166,934 | |||
| Land Securities Group PLC |
116,338 | 729,128 | |||
| Liberty International PLC |
52,524 | 293,048 | |||
| Mucklow A & J Group PLC |
15,548 | 48,416 | |||
| Primary Health Properties PLC |
9,947 | 33,077 | |||
| Safestore Holdings PLC |
35,064 | 26,889 | |||
| Savills PLC |
44,491 | 150,341 | |||
| Segro PLC |
93,064 | 30,347 | |||
| Shaftesbury PLC |
15,231 | 63,584 | |||
| St. Modwen Properties PLC |
22,436 | 30,068 | |||
| Warner Estate Holdings PLC |
13,541 | 3,833 | |||
| Workspace Group PLC |
27,938 | 4,906 | |||
| Total United Kingdom | 2,360,243 | ||||
| TOTAL COMMON STOCKS (Cost: $106,817,835) |
40,077,614 | ||||
| MUTUAL FUNDS – 0.0% | |||||
| Austria – 0.0% | |||||
| Sparkassen Immo Invest Genusscheine* |
409 | 24,436 | |||
| (Cost: $49,251) | 409 | 24,436 | |||
| TOTAL LONG-TERM INVESTMENTS (Cost: $106,867,086) |
40,102,050 | ||||
| Investments | Shares | U.S. $ Value | ||||
| SHORT-TERM INVESTMENT – 0.2% | ||||||
| MONEY MARKET FUND – 0.2% | ||||||
| AIM Short-Term Investment Treasury Fund Private Class, 0.05%(b) (Cost: $90,350) |
90,350 | $ | 90,350 | |||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.2% | ||||||
| MONEY MARKET FUND – 2.2% | ||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.59%(c) (Cost: $878,067)(d) |
878,067 | 878,067 | ||||
| TOTAL INVESTMENTS IN SECURITIES – 101.1% (Cost: $107,835,503) |
41,070,467 | |||||
| Liabilities in Excess of Foreign Currency and Other Assets – (1.1)% |
(451,065 | ) | ||||
| NET ASSETS – 100.0% | $ | 40,619,402 | ||||
| * | Non-income producing security. |
| (a) |
Security, or portion thereof, was on loan at March 31, 2009 (See Note 2). |
| (b) |
Rate shown represents annualized 7-day yield as of March 31, 2009. |
| (c) |
Interest rates shown reflect yields as of March 31, 2009. |
| (d) |
At March 31, 2009, the total market value of the Fund’s securities on loan was $800,800 and the total market value of the collateral held by the Fund was $878,067. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 45 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree International Dividend Sector Funds
March 31, 2009
| WisdomTree International Basic Materials Sector Fund |
WisdomTree International Communications Sector Fund |
WisdomTree International Consumer Discretionary Sector Fund |
WisdomTree International Consumer Staples Sector Fund |
WisdomTree International Energy Sector Fund |
||||||||||||||||
| ASSETS: |
||||||||||||||||||||
| Investments, at cost |
$ | 48,004,519 | $ | 28,847,061 | $ | 4,368,226 | $ | 20,250,833 | $ | 41,161,149 | ||||||||||
| Foreign currency, at cost |
32,608 | 28,725 | 12,029 | 17,232 | 34,076 | |||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
23,182,307 | 19,318,102 | 2,683,463 | 13,475,750 | 23,454,424 | |||||||||||||||
| Foreign currency, at value |
32,556 | 29,740 | 12,096 | 16,392 | 33,933 | |||||||||||||||
| Receivables: |
||||||||||||||||||||
| Investment securities sold |
3,202,951 | — | 8,622 | — | — | |||||||||||||||
| Unrealized appreciation on foreign currency contracts |
65 | — | — | — | — | |||||||||||||||
| Dividends and interest |
206,990 | 76,027 | 10,071 | 93,936 | 35,191 | |||||||||||||||
| Foreign tax reclaims |
24,543 | 12,790 | 823 | 41,891 | 6,131 | |||||||||||||||
| Total Assets |
26,649,412 | 19,436,659 | 2,715,075 | 13,627,969 | 23,529,679 | |||||||||||||||
| LIABILITIES: |
||||||||||||||||||||
| Due to foreign custodian |
— | — | — | — | 1,710 | |||||||||||||||
| Payables: |
||||||||||||||||||||
| Investment securities purchased |
— | — | 1,855 | — | — | |||||||||||||||
| Collateral for securities on loan (Note 2) |
1,005,077 | 614,047 | 110,008 | 137,011 | 1,185,091 | |||||||||||||||
| Capital shares redeemed |
3,172,506 | — | — | — | — | |||||||||||||||
| Unrealized depreciation on foreign currency contracts |
64 | — | 17 | — | 86 | |||||||||||||||
| Advisory fees (Note 3) |
12,145 | 9,024 | 1,235 | 6,403 | 10,498 | |||||||||||||||
| Service fees (Note 2) |
92 | 69 | 9 | 48 | 80 | |||||||||||||||
| Total Liabilities |
4,189,884 | 623,140 | 113,124 | 143,462 | 1,197,465 | |||||||||||||||
| NET ASSETS |
$ | 22,459,528 | $ | 18,813,519 | $ | 2,601,951 | $ | 13,484,507 | $ | 22,332,214 | ||||||||||
| NET ASSETS: |
||||||||||||||||||||
| Paid-in capital |
$ | 56,337,919 | $ | 33,650,282 | $ | 5,328,520 | $ | 23,439,372 | $ | 43,782,916 | ||||||||||
| Undistributed (Distributions in excess of) net investment income |
(6,523 | ) | 38,150 | 7,974 | 21,780 | 17,351 | ||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(9,048,379 | ) | (5,349,399 | ) | (1,049,819 | ) | (3,200,809 | ) | (3,762,308 | ) | ||||||||||
| Net unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(24,823,489 | ) | (9,525,514 | ) | (1,684,724 | ) | (6,775,836 | ) | (17,705,745 | ) | ||||||||||
| NET ASSETS |
$ | 22,459,528 | $ | 18,813,519 | $ | 2,601,951 | $ | 13,484,507 | $ | 22,332,214 | ||||||||||
| Outstanding beneficial interest shares of $0.001 par value |
1,400,000 | 1,000,000 | 200,000 | 800,000 | 1,200,000 | |||||||||||||||
| Net asset value per share |
$ | 16.04 | $ | 18.81 | $ | 13.01 | $ | 16.86 | $ | 18.61 | ||||||||||
See Notes to Financial Statements.
| 46 | WisdomTree International Dividend Sector Funds |
Table of Contents
Statements of Assets and Liabilities (concluded)
WisdomTree International Dividend Sector Funds
March 31, 2009
| WisdomTree International Financial Sector Fund |
WisdomTree International Health Care Sector Fund |
WisdomTree International Industrial Sector Fund |
WisdomTree International Technology Sector Fund |
WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 15,490,664 | $ | 25,085,132 | $ | 24,710,305 | $ | 9,131,606 | $ | 54,700,492 | $ | 107,835,503 | ||||||||||||
| Foreign currency, at cost |
41,847 | 34,021 | 56,219 | 19,564 | 54,786 | 30,649 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2) |
7,742,259 | 17,743,408 | 11,745,246 | 5,345,286 | 28,499,932 | 41,070,467 | ||||||||||||||||||
| Foreign currency, at value |
41,984 | 34,232 | 55,783 | 19,441 | 55,370 | 30,004 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Investment securities sold |
8,888 | — | — | — | — | 127,175 | ||||||||||||||||||
| Unrealized appreciation on foreign currrency contracts |
167 | — | — | — | — | — | ||||||||||||||||||
| Dividends and interest |
36,453 | 125,772 | 51,191 | 19,222 | 62,386 | 270,530 | ||||||||||||||||||
| Foreign tax reclaims |
20,723 | 43,058 | 21,234 | 3,105 | 14,439 | 18,659 | ||||||||||||||||||
| Total Assets |
7,850,474 | 17,946,470 | 11,873,454 | 5,387,054 | 28,632,127 | 41,516,835 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Collateral for securities on loan (Note 2) |
459,035 | 215,017 | 990,076 | 41,003 | 163,013 | 878,067 | ||||||||||||||||||
| Unrealized depreciation on foreign currency contracts |
74 | 40 | 100 | — | 44 | 87 | ||||||||||||||||||
| Advisory fees (Note 3) |
3,322 | 9,065 | 5,155 | 2,524 | 13,830 | 19,134 | ||||||||||||||||||
| Service fees (Note 2) |
25 | 69 | 39 | 19 | 105 | 145 | ||||||||||||||||||
| Total Liabilities |
462,456 | 224,191 | 995,370 | 43,546 | 176,992 | 897,433 | ||||||||||||||||||
| NET ASSETS |
$ | 7,388,018 | $ | 17,722,279 | $ | 10,878,084 | $ | 5,343,508 | $ | 28,455,135 | $ | 40,619,402 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 21,705,869 | $ | 26,621,482 | $ | 29,494,187 | $ | 10,973,297 | $ | 57,957,968 | $ | 124,891,356 | ||||||||||||
| Undistributed net investment income |
1,638 | 131,021 | 42,056 | 17,126 | 59,267 | 220,428 | ||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(6,570,496 | ) | (1,686,697 | ) | (5,691,566 | ) | (1,860,087 | ) | (3,360,213 | ) | (17,723,332 | ) | ||||||||||||
| Net unrealized depreciation on investments and |
(7,748,993 | ) | (7,343,527 | ) | (12,966,593 | ) | (3,786,828 | ) | (26,201,887 | ) | (66,769,050 | ) | ||||||||||||
| NET ASSETS |
$ | 7,388,018 | $ | 17,722,279 | $ | 10,878,084 | $ | 5,343,508 | $ | 28,455,135 | $ | 40,619,402 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
800,000 | 1,000,000 | 800,000 | 400,000 | 1,600,000 | 2,400,000 | ||||||||||||||||||
| Net asset value per share |
$ | 9.24 | $ | 17.72 | $ | 13.60 | $ | 13.36 | $ | 17.78 | $ | 16.92 | ||||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 47 |
Table of Contents
WisdomTree International Dividend Sector Funds
For the Year Ended March 31, 2009
| WisdomTree Sector Fund |
WisdomTree International Communications Sector Fund |
WisdomTree International Consumer Discretionary Sector Fund |
WisdomTree International Consumer Staples Sector Fund |
WisdomTree International Energy Sector Fund |
||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||
| Dividends1 |
$ | 1,640,655 | $ | 1,242,248 | $ | 138,187 | $ | 721,023 | $ | 1,833,636 | ||||||||||
| Interest |
— | — | 127 | 893 | — | |||||||||||||||
| Net securities lending income (Note 2) |
51,352 | 15,025 | 144 | 6,329 | 26,516 | |||||||||||||||
| Total investment income |
1,692,007 | 1,257,273 | 138,458 | 728,245 | 1,860,152 | |||||||||||||||
| EXPENSES: |
||||||||||||||||||||
| Advisory fees (Note 3) |
350,673 | 144,384 | 22,411 | 131,670 | 264,650 | |||||||||||||||
| Service fees (Note 2) |
2,660 | 1,095 | 170 | 999 | 2,008 | |||||||||||||||
| Total expenses |
353,333 | 145,479 | 22,581 | 132,669 | 266,658 | |||||||||||||||
| Net investment income |
1,338,674 | 1,111,794 | 115,877 | 595,576 | 1,593,494 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||
| Investment transactions |
(8,887,473 | ) | (4,383,675 | ) | (914,354 | ) | (3,067,698 | ) | (3,596,587 | ) | ||||||||||
| In-kind redemptions |
(8,452,425 | ) | 778,937 | 64,210 | 672,414 | (2,550,560 | ) | |||||||||||||
| Foreign currency related transactions |
26,533 | 1,911 | (902 | ) | (54,729 | ) | (41,824 | ) | ||||||||||||
| Net realized loss |
(17,313,365 | ) | (3,602,827 | ) | (851,046 | ) | (2,450,013 | ) | (6,188,971 | ) | ||||||||||
| Net change in unrealized depreciation from: |
||||||||||||||||||||
| Investment transactions |
(23,054,176 | ) | (8,272,580 | ) | (1,829,955 | ) | (7,092,036 | ) | (17,880,135 | ) | ||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(16,294 | ) | (91,136 | ) | (144 | ) | (5,267 | ) | 1,893 | |||||||||||
| Net change in unrealized depreciation |
(23,070,470 | ) | (8,363,716 | ) | (1,830,099 | ) | (7,097,303 | ) | (17,878,242 | ) | ||||||||||
| Net realized and unrealized loss on investments |
(40,383,835 | ) | (11,966,543 | ) | (2,681,145 | ) | (9,547,316 | ) | (24,067,213 | ) | ||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (39,045,161 | ) | $ | (10,854,749 | ) | $ | (2,565,268 | ) | $ | (8,951,740 | ) | $ | (22,473,719 | ) | |||||
| 1 |
Net of foreign withholding tax of $177,415, $122,176, $13,351, $62,070 and $165,298, respectively. |
See Notes to Financial Statements.
| 48 | WisdomTree International Dividend Sector Funds |
Table of Contents
Statements of Operations (concluded)
WisdomTree International Dividend Sector Funds
For the Year Ended March 31, 2009
| WisdomTree International Financial Sector Fund |
WisdomTree International Health Care Sector Fund |
WisdomTree International Industrial Sector Fund |
WisdomTree International Technology Sector Fund |
WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
|||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||
| Dividends1 |
$ | 783,442 | $ | 654,044 | $ | 1,359,003 | $ | 179,921 | $ | 2,800,129 | $ | 4,344,296 | ||||||||||||
| Interest |
— | 695 | — | — | — | — | ||||||||||||||||||
| Net securities lending income (Note 2) |
10,048 | 8,602 | 35,381 | 443 | 80,047 | 44,671 | ||||||||||||||||||
| Total investment income |
793,490 | 663,341 | 1,394,384 | 180,364 | 2,880,176 | 4,388,967 | ||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||
| Advisory fees (Note 3) |
77,611 | 127,248 | 179,453 | 43,436 | 326,429 | 496,086 | ||||||||||||||||||
| Service fees (Note 2) |
589 | 965 | 1,361 | 330 | 2,476 | 3,763 | ||||||||||||||||||
| Total expenses |
78,200 | 128,213 | 180,814 | 43,766 | 328,905 | 499,849 | ||||||||||||||||||
| Net investment income |
715,290 | 535,128 | 1,213,570 | 136,598 | 2,551,271 | 3,889,118 | ||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||
| Investment transactions |
(6,181,063 | ) | (1,761,456 | ) | (4,799,029 | ) | (1,650,112 | ) | (3,572,381 | ) | (15,165,120 | ) | ||||||||||||
| In-kind redemptions |
11,369 | (581,602 | ) | (8,163,067 | ) | 43,943 | (3,794,072 | ) | (12,589,134 | ) | ||||||||||||||
| Foreign currency related transactions |
(70,742 | ) | (1,192 | ) | (77,940 | ) | (29,514 | ) | (46,283 | ) | (85,946 | ) | ||||||||||||
| Net realized loss |
(6,240,436 | ) | (2,344,250 | ) | (13,040,036 | ) | (1,635,683 | ) | (7,412,736 | ) | (27,840,200 | ) | ||||||||||||
| Net change in unrealized depreciation from: |
||||||||||||||||||||||||
| Investment transactions |
(5,702,112 | ) | (5,450,153 | ) | (10,466,131 | ) | (2,376,097 | ) | (22,650,664 | ) | (50,136,156 | ) | ||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
(2,691 | ) | (7,237 | ) | (3,835 | ) | (1,107 | ) | (1,203 | ) | (8,934 | ) | ||||||||||||
| Net change in unrealized depreciation |
(5,704,803 | ) | (5,457,390 | ) | (10,469,966 | ) | (2,377,204 | ) | (22,651,867 | ) | (50,145,090 | ) | ||||||||||||
| Net realized and unrealized loss on investments |
(11,945,239 | ) | (7,801,640 | ) | (23,510,002 | ) | (4,012,887 | ) | (30,064,603 | ) | (77,985,290 | ) | ||||||||||||
| NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (11,229,949 | ) | $ | (7,266,512 | ) | $ | (22,296,432 | ) | $ | (3,876,289 | ) | $ | (27,513,332 | ) | $ | (74,096,172 | ) | ||||||
| 1 |
Net of foreign withholding tax of $77,730, $57,812, $148,940, $18,106, $369,424 and $504,888, respectively. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 49 |
Table of Contents
Statements of Changes in Net Assets
WisdomTree International Dividend Sector Funds
| WisdomTree International Basic Materials Sector Fund |
WisdomTree International Communications Sector Fund |
WisdomTree International Consumer Discretionary Sector Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 1,338,674 | $ | 1,341,000 | $ | 1,111,794 | $ | 1,057,031 | $ | 115,877 | $ | 126,893 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(17,313,365 | ) | 2,519,524 | (3,602,827 | ) | 397,474 | (851,046 | ) | 133,185 | |||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(23,070,470 | ) | (3,091,951 | ) | (8,363,716 | ) | (1,583,125 | ) | (1,830,099 | ) | (911,033 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from operations |
(39,045,161 | ) | 768,573 | (10,854,749 | ) | (128,620 | ) | (2,565,268 | ) | (650,955 | ) | |||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||||||||||
| Net investment income |
(2,053,360 | ) | (733,228 | ) | (1,211,790 | ) | (964,567 | ) | (137,014 | ) | (125,695 | ) | ||||||||||||
| Capital gains |
— | (2,296 | ) | — | (2,148 | ) | — | (7,952 | ) | |||||||||||||||
| Total dividends and distributions |
(2,053,360 | ) | (735,524 | ) | (1,211,790 | ) | (966,715 | ) | (137,014 | ) | (133,647 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
7,868,329 | 115,555,895 | 18,309,854 | 21,055,140 | 4,973,804 | 6,514,367 | ||||||||||||||||||
| Cost of shares redeemed |
(37,817,240 | ) | (28,487,717 | ) | (17,901,471 | ) | (12,661,696 | ) | (4,973,804 | ) | (6,514,494 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(29,948,911 | ) | 87,068,178 | 408,383 | 8,393,444 | — | (127 | ) | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(71,047,432 | ) | 87,101,227 | (11,658,156 | ) | 7,298,109 | (2,702,282 | ) | (784,729 | ) | ||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 93,506,960 | $ | 6,405,733 | $ | 30,471,675 | $ | 23,173,566 | $ | 5,304,233 | $ | 6,088,962 | ||||||||||||
| End of year |
$ | 22,459,528 | $ | 93,506,960 | $ | 18,813,519 | $ | 30,471,675 | $ | 2,601,951 | $ | 5,304,233 | ||||||||||||
| Undistributed (Distributions in excess of) net investment income included in net assets at end of year |
$ | (6,523 | ) | $ | 663,408 | $ | 38,150 | $ | 136,235 | $ | 7,974 | $ | 29,701 | |||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
2,600,000 | 200,004 | 1,000,000 | 800,004 | 200,000 | 200,004 | ||||||||||||||||||
| Shares created |
200,000 | 3,200,000 | 600,000 | 600,000 | 200,000 | 200,000 | ||||||||||||||||||
| Shares redeemed |
(1,400,000 | ) | (800,004 | ) | (600,000 | ) | (400,004 | ) | (200,000 | ) | (200,004 | ) | ||||||||||||
| Shares outstanding, end of year |
1,400,000 | 2,600,000 | 1,000,000 | 1,000,000 | 200,000 | 200,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 50 | WisdomTree International Dividend Sector Funds |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Sector Funds
| WisdomTree International Consumer Staples Sector Fund |
WisdomTree International Energy Sector Fund |
WisdomTree International Financial Sector Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 595,576 | $ | 610,002 | $ | 1,593,494 | $ | 1,049,785 | $ | 715,290 | $ | 712,259 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(2,450,013 | ) | 624,740 | (6,188,971 | ) | 1,147,508 | (6,240,436 | ) | (223,369 | ) | ||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(7,097,303 | ) | (1,215,218 | ) | (17,878,242 | ) | (897,949 | ) | (5,704,803 | ) | (2,738,864 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from operations |
(8,951,740 | ) | 19,524 | (22,473,719 | ) | 1,299,344 | (11,229,949 | ) | (2,249,974 | ) | ||||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||||||||||
| Net investment income |
(780,364 | ) | (495,845 | ) | (1,852,260 | ) | (844,975 | ) | (816,856 | ) | (588,762 | ) | ||||||||||||
| Capital gains |
— | (5,840 | ) | — | (8,112 | ) | — | (48,176 | ) | |||||||||||||||
| Total dividends and distributions |
(780,364 | ) | (501,685 | ) | (1,852,260 | ) | (853,087 | ) | (816,856 | ) | (636,938 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
12,604,775 | 23,039,884 | 23,273,271 | 47,397,442 | 4,400,251 | 5,885,784 | ||||||||||||||||||
| Cost of shares redeemed |
(23,076,730 | ) | (11,451,874 | ) | (34,176,584 | ) | (13,122,193 | ) | (4,399,586 | ) | (5,885,903 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(10,471,955 | ) | 11,588,010 | (10,903,313 | ) | 34,275,249 | 665 | (119 | ) | |||||||||||||||
| Net Increase (Decrease) in Net Assets |
(20,204,059 | ) | 11,105,849 | (35,229,292 | ) | 34,721,506 | (12,046,140 | ) | (2,887,031 | ) | ||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 33,688,566 | $ | 22,582,717 | $ | 57,561,506 | $ | 22,840,000 | $ | 19,434,158 | $ | 22,321,189 | ||||||||||||
| End of year |
$ | 13,484,507 | $ | 33,688,566 | $ | 22,332,214 | $ | 57,561,506 | $ | 7,388,018 | $ | 19,434,158 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 21,780 | $ | 261,297 | $ | 17,351 | $ | 317,941 | $ | 1,638 | $ | 176,653 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
1,200,000 | 800,004 | 1,800,000 | 800,004 | 800,000 | 800,004 | ||||||||||||||||||
| Shares created |
600,000 | 800,000 | 600,000 | 1,400,000 | 200,000 | 200,000 | ||||||||||||||||||
| Shares redeemed |
(1,000,000 | ) | (400,004 | ) | (1,200,000 | ) | (400,004 | ) | (200,000 | ) | (200,004 | ) | ||||||||||||
| Shares outstanding, end of year |
800,000 | 1,200,000 | 1,200,000 | 1,800,000 | 800,000 | 800,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 51 |
Table of Contents
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Sector Funds
| WisdomTree International Health Care Sector Fund |
WisdomTree International Industrial Sector Fund |
WisdomTree International Technology Sector Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 535,128 | $ | 722,588 | $ | 1,213,570 | $ | 843,342 | $ | 136,598 | $ | 136,673 | ||||||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(2,344,250 | ) | 551,969 | (13,040,036 | ) | 781,829 | (1,635,683 | ) | 414,431 | |||||||||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(5,457,390 | ) | (2,676,846 | ) | (10,469,966 | ) | (3,952,002 | ) | (2,377,204 | ) | (1,639,373 | ) | ||||||||||||
| Net decrease in net assets resulting from operations |
(7,266,512 | ) | (1,402,289 | ) | (22,296,432 | ) | (2,326,831 | ) | (3,876,289 | ) | (1,088,269 | ) | ||||||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||||||||||
| Net investment income |
(704,426 | ) | (552,012 | ) | (1,394,860 | ) | (634,622 | ) | (157,924 | ) | (85,181 | ) | ||||||||||||
| Capital gains |
— | (10,660 | ) | — | (39,830 | ) | — | (868 | ) | |||||||||||||||
| Total dividends and distributions |
(704,426 | ) | (562,672 | ) | (1,394,860 | ) | (674,452 | ) | (157,924 | ) | (86,049 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
13,747,633 | 16,009,333 | 5,911,137 | 39,441,811 | 4,770,546 | 24,935,291 | ||||||||||||||||||
| Cost of shares redeemed |
(13,182,312 | ) | (10,452,443 | ) | (19,743,464 | ) | (12,948,475 | ) | (4,770,546 | ) | (19,629,650 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
565,321 | 5,556,890 | (13,832,327 | ) | 26,493,336 | — | 5,305,641 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(7,405,617 | ) | 3,591,929 | (37,523,619 | ) | 23,492,053 | (4,034,213 | ) | 4,131,323 | |||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 25,127,896 | $ | 21,535,967 | $ | 48,401,703 | $ | 24,909,650 | $ | 9,377,721 | $ | 5,246,398 | ||||||||||||
| End of year |
$ | 17,722,279 | $ | 25,127,896 | $ | 10,878,084 | $ | 48,401,703 | $ | 5,343,508 | $ | 9,377,721 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 131,021 | $ | 289,887 | $ | 42,056 | $ | 301,184 | $ | 17,126 | $ | 67,966 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
1,000,000 | 800,004 | 1,600,000 | 800,004 | 400,000 | 200,004 | ||||||||||||||||||
| Shares created |
600,000 | 600,000 | 200,000 | 1,200,000 | 200,000 | 1,000,000 | ||||||||||||||||||
| Shares redeemed |
(600,000 | ) | (400,004 | ) | (1,000,000 | ) | (400,004 | ) | (200,000 | ) | (800,004 | ) | ||||||||||||
| Shares outstanding, end of year |
1,000,000 | 1,000,000 | 800,000 | 1,600,000 | 400,000 | 400,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 52 | WisdomTree International Dividend Sector Funds |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree International Dividend Sector Funds
| WisdomTree International Utilities Sector Fund |
WisdomTree International Real Estate Fund |
|||||||||||||||
| For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Year Ended March 31, 2009 |
For the Period June 5, 2007* through March 31, 2008 |
|||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
||||||||||||||||
| Net investment income |
$ | 2,551,271 | $ | 826,284 | $ | 3,889,118 | $ | 1,841,632 | ||||||||
| Net realized gain (loss) on investments and foreign currency related transactions |
(7,412,736 | ) | 3,072,352 | (27,840,200 | ) | (2,740,853 | ) | |||||||||
| Net change in unrealized depreciation on investments and translation of assets and liabilities denominated in foreign currencies |
(22,651,867 | ) | (5,485,398 | ) | (50,145,090 | ) | (16,623,960 | ) | ||||||||
| Net decrease in net assets resulting from operations |
(27,513,332 | ) | (1,586,762 | ) | (74,096,172 | ) | (17,523,181 | ) | ||||||||
| DIVIDENDS AND DISTRIBUTIONS: |
||||||||||||||||
| Net investment income |
(2,592,420 | ) | (775,076 | ) | (2,071,270 | ) | (3,712,845 | ) | ||||||||
| Capital gains |
— | (2,828 | ) | — | — | |||||||||||
| Total dividends and distributions |
(2,592,420 | ) | (777,904 | ) | (2,071,270 | ) | (3,712,845 | ) | ||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||
| Net proceeds from sale of shares |
12,930,102 | 83,117,506 | 27,103,803 | 134,198,141 | ||||||||||||
| Cost of shares redeemed |
(32,930,600 | ) | (25,959,870 | ) | (23,279,174 | ) | — | |||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(20,000,498 | ) | 57,157,636 | 3,824,629 | 134,198,141 | |||||||||||
| Net Increase (Decrease) in Net Assets |
(50,106,250 | ) | 54,792,970 | (72,342,813 | ) | 112,962,115 | ||||||||||
| NET ASSETS: |
||||||||||||||||
| Beginning of year |
$ | 78,561,385 | $ | 23,768,415 | $ | 112,962,215 | $ | 100 | ||||||||
| End of year |
$ | 28,455,135 | $ | 78,561,385 | $ | 40,619,402 | $ | 112,962,215 | ||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 59,267 | $ | 146,699 | $ | 220,428 | $ | (1,821,375 | ) | |||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||
| Shares outstanding, beginning of year |
2,400,000 | 800,004 | 2,700,002 | — | ||||||||||||
| Shares created |
400,000 | 2,400,000 | 700,000 | 2,700,002 | ||||||||||||
| Shares redeemed |
(1,200,000 | ) | (800,004 | ) | (1,000,002 | ) | — | |||||||||
| Shares outstanding, end of year |
1,600,000 | 2,400,000 | 2,400,000 | 2,700,002 | ||||||||||||
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 53 |
Table of Contents
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Basic Materials Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 35.96 | $ | 32.03 | $ | 25.46 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.65 | 0.61 | 0.25 | |||||||||
| Net realized and unrealized gain (loss) |
(19.29 | ) | 3.58 | 6.32 | ||||||||
| Total from investment operations |
(18.64 | ) | 4.19 | 6.57 | ||||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.28 | ) | (0.26 | ) | — | |||||||
| Capital gains |
— | (0.00 | )3 | — | ||||||||
| Total dividends and distributions to shareholders |
(1.28 | ) | (0.26 | ) | — | |||||||
| Net asset value, end of period |
$ | 16.04 | $ | 35.96 | $ | 32.03 | ||||||
| TOTAL RETURN4 |
(52.10 | )% | 13.09 | % | 25.81 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 22,460 | $ | 93,507 | $ | 6,406 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.88 | %5 | ||||||
| Net investment income |
2.21 | % | 1.62 | % | 1.89 | %5 | ||||||
| Portfolio turnover rate6 |
53 | % | 11 | % | 0 | %7 | ||||||
| WisdomTree International Communications Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 30.47 | $ | 28.97 | $ | 25.38 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.13 | 1.17 | 0.16 | |||||||||
| Net realized and unrealized gain (loss) |
(11.58 | ) | 1.13 | 3.61 | ||||||||
| Total from investment operations |
(10.45 | ) | 2.30 | 3.77 | ||||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.21 | ) | (0.80 | ) | (0.18 | ) | ||||||
| Capital gains |
— | (0.00 | )3 | (0.00 | )3 | |||||||
| Total dividends and distributions to shareholders |
(1.21 | ) | (0.80 | ) | (0.18 | ) | ||||||
| Net asset value, end of period |
$ | 18.81 | $ | 30.47 | $ | 28.97 | ||||||
| TOTAL RETURN4 |
(34.87 | )% | 7.62 | % | 14.87 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 18,814 | $ | 30,472 | $ | 23,174 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.72 | %5 | ||||||
| Net investment income |
4.47 | % | 3.56 | % | 1.43 | %5 | ||||||
| Portfolio turnover rate6 |
67 | % | 19 | % | 0 | %7 | ||||||
| 1 |
Commencement of investment operations. |
| 2 |
Based on average shares outstanding. |
| 3 |
Amount is less than $0.005. |
| 4 |
Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 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 |
Amount represents less than 1%. |
See Notes to Financial Statements.
| 54 | WisdomTree International Dividend Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Consumer Discretionary Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 26.52 | $ | 30.44 | $ | 25.27 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.58 | 0.64 | 0.15 | |||||||||
| Net realized and unrealized gain (loss) |
(13.40 | ) | (3.89 | ) | 5.06 | |||||||
| Total from investment operations |
(12.82 | ) | (3.25 | ) | 5.21 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(0.69 | ) | (0.63 | ) | (0.04 | ) | ||||||
| Capital gains |
— | (0.04 | ) | (0.00 | )3 | |||||||
| Total dividends and distributions to shareholders |
(0.69 | ) | (0.67 | ) | (0.04 | ) | ||||||
| Net asset value, end of period |
$ | 13.01 | $ | 26.52 | $ | 30.44 | ||||||
| TOTAL RETURN4 |
(48.59 | )% | (10.82 | )% | 20.63 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 2,602 | $ | 5,304 | $ | 6,089 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.89 | %5 | ||||||
| Net investment income |
3.00 | % | 2.11 | % | 1.18 | %5 | ||||||
| Portfolio turnover rate6 |
46 | % | 21 | % | 3 | % | ||||||
| WisdomTree International Consumer Staples Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 28.07 | $ | 28.23 | $ | 24.89 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.60 | 0.66 | 0.25 | |||||||||
| Net realized and unrealized gain (loss) |
(11.14 | ) | (0.31 | ) | 3.11 | |||||||
| Total from investment operations |
(10.54 | ) | 0.35 | 3.36 | ||||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(0.67 | ) | (0.50 | ) | (0.02 | ) | ||||||
| Capital gains |
— | (0.01 | ) | (0.00 | )3 | |||||||
| Total dividends and distributions to shareholders |
(0.67 | ) | (0.51 | ) | (0.02 | ) | ||||||
| Net asset value, end of period |
$ | 16.86 | $ | 28.07 | $ | 28.23 | ||||||
| TOTAL RETURN4 |
(37.75 | )% | 1.12 | % | 13.49 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 13,485 | $ | 33,689 | $ | 22,583 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.69 | %5 | ||||||
| Net investment income |
2.62 | % | 2.30 | % | 2.08 | %5 | ||||||
| Portfolio turnover rate6 |
53 | % | 8 | % | 2 | % | ||||||
| 1 |
Commencement of investment operations. |
| 2 |
Based on average shares outstanding. |
| 3 |
Amount is less than $0.005. |
| 4 |
Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 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 Sector Funds | 55 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Energy Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 31.98 | $ | 28.55 | $ | 25.44 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.01 | 0.79 | 0.22 | |||||||||
| Net realized and unrealized gain (loss) |
(12.84 | ) | 3.18 | 2.92 | ||||||||
| Total from investment operations |
(11.83 | ) | 3.97 | 3.14 | ||||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.54 | ) | (0.53 | ) | (0.03 | ) | ||||||
| Capital gains |
— | (0.01 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(1.54 | ) | (0.54 | ) | (0.03 | ) | ||||||
| Net asset value, end of period |
$ | 18.61 | $ | 31.98 | $ | 28.55 | ||||||
| TOTAL RETURN3 |
(37.05 | )% | 13.84 | % | 12.36 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 22,332 | $ | 57,562 | $ | 22,840 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.69 | %4 | ||||||
| Net investment income |
3.49 | % | 2.43 | % | 1.82 | %4 | ||||||
| Portfolio turnover rate5 |
38 | % | 13 | % | 1 | % | ||||||
| WisdomTree International Financial Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 24.29 | $ | 27.90 | $ | 25.34 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.89 | 0.89 | 0.19 | |||||||||
| Net realized and unrealized gain (loss) |
(14.92 | ) | (3.70 | ) | 2.42 | |||||||
| Total from investment operations |
(14.03 | ) | (2.81 | ) | 2.61 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.02 | ) | (0.74 | ) | (0.05 | ) | ||||||
| Capital gains |
— | (0.06 | ) | (0.00 | )6 | |||||||
| Total dividends and distributions to shareholders |
(1.02 | ) | (0.80 | ) | (0.05 | ) | ||||||
| Net asset value, end of period |
$ | 9.24 | $ | 24.29 | $ | 27.90 | ||||||
| TOTAL RETURN3 |
(58.33 | )% | (10.29 | )% | 10.32 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 7,388 | $ | 19,434 | $ | 22,321 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.86 | %4 | ||||||
| Net investment income |
5.35 | % | 3.24 | % | 1.98 | %4 | ||||||
| Portfolio turnover rate5 |
57 | % | 15 | % | 5 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 4 |
Annualized. |
| 5 |
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 |
Amount represents less than $0.005. |
See Notes to Financial Statements.
| 56 | WisdomTree International Dividend Sector Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Health Care Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 25.13 | $ | 26.92 | $ | 24.93 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.53 | 0.82 | 0.22 | |||||||||
| Net realized and unrealized gain (loss) |
(7.33 | ) | (2.05 | ) | 1.78 | |||||||
| Total from investment operations |
(6.80 | ) | (1.23 | ) | 2.00 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(0.61 | ) | (0.55 | ) | (0.01 | ) | ||||||
| Capital gains |
— | (0.01 | ) | — | ||||||||
| Total dividends and distributions to shareholders |
(0.61 | ) | (0.56 | ) | (0.01 | ) | ||||||
| Net asset value, end of period |
$ | 17.72 | $ | 25.13 | $ | 26.92 | ||||||
| TOTAL RETURN3 |
(27.28 | )% | (4.66 | )% | 8.03 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 17,722 | $ | 25,128 | $ | 21,536 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.69 | %4 | ||||||
| Net investment income |
2.44 | % | 3.05 | % | 1.81 | %4 | ||||||
| Portfolio turnover rate5 |
29 | % | 4 | % | 3 | % | ||||||
| WisdomTree International Industrial Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 30.25 | $ | 31.14 | $ | 25.39 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.93 | 0.64 | 0.23 | |||||||||
| Net realized and unrealized gain (loss) |
(16.18 | ) | (1.05 | ) | 5.54 | |||||||
| Total from investment operations |
(15.25 | ) | (0.41 | ) | 5.77 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.40 | ) | (0.45 | ) | (0.02 | ) | ||||||
| Capital gains |
— | (0.03 | ) | (0.00 | )6 | |||||||
| Total dividends and distributions to shareholders |
(1.40 | ) | (0.48 | ) | (0.02 | ) | ||||||
| Net asset value, end of period |
$ | 13.60 | $ | 30.25 | $ | 31.14 | ||||||
| TOTAL RETURN3 |
(50.94 | )% | (1.38 | )% | 22.75 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 10,878 | $ | 48,402 | $ | 24,910 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %4 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.76 | %4 | ||||||
| Net investment income |
3.92 | % | 1.93 | % | 1.98 | %4 | ||||||
| Portfolio turnover rate5 |
43 | % | 11 | % | 1 | % | ||||||
| 1 |
Commencement of investment operations. |
| 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 by the investment adviser (Note 2). |
| 4 |
Annualized. |
| 5 |
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 6 |
Amount represents less than $0.005. |
See Notes to Financial Statements.
| WisdomTree International Dividend Sector Funds | 57 |
Table of Contents
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Technology Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 23.44 | $ | 26.23 | $ | 25.13 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
0.34 | 0.36 | 0.11 | |||||||||
| Net realized and unrealized gain (loss) |
(10.03 | ) | (2.94 | ) | 1.02 | |||||||
| Total from investment operations |
(9.69 | ) | (2.58 | ) | 1.13 | |||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(0.39 | ) | (0.21 | ) | (0.03 | ) | ||||||
| Capital gains |
— | (0.00 | )3 | — | ||||||||
| Total dividends and distributions to shareholders |
(0.39 | ) | (0.21 | ) | (0.03 | ) | ||||||
| Net asset value, end of period |
$ | 13.36 | $ | 23.44 | $ | 26.23 | ||||||
| TOTAL RETURN4 |
(41.44 | )% | (9.85 | )% | 4.51 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 5,344 | $ | 9,378 | $ | 5,246 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.91 | %5 | ||||||
| Net investment income |
1.82 | % | 1.28 | % | 0.87 | %5 | ||||||
| Portfolio turnover rate6 |
79 | % | 14 | % | 2 | % | ||||||
| WisdomTree International Utilities Sector Fund | For the Year Ended March 31, 2009 |
For the Year Ended March 31, 2008 |
For the Period October 13, 20061 through March 31, 2007 |
|||||||||
| Net asset value, beginning of period |
$ | 32.73 | $ | 29.71 | $ | 24.96 | ||||||
| Investment operations: |
||||||||||||
| Net investment income2 |
1.25 | 0.55 | 0.18 | |||||||||
| Net realized and unrealized gain (loss) |
(14.74 | ) | 2.75 | 4.61 | ||||||||
| Total from investment operations |
(13.49 | ) | 3.30 | 4.79 | ||||||||
| Dividends and distributions to shareholders: |
||||||||||||
| Net investment income |
(1.46 | ) | (0.28 | ) | (0.04 | ) | ||||||
| Capital gains |
— | (0.00 | )3 | — | ||||||||
| Total dividends and distributions to shareholders |
(1.46 | ) | (0.28 | ) | (0.04 | ) | ||||||
| Net asset value, end of period |
$ | 17.78 | $ | 32.73 | $ | 29.71 | ||||||
| TOTAL RETURN4 |
(42.00 | )% | 11.05 | % | 19.18 | % | ||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||
| Net assets, end of period (000’s omitted) |
$ | 28,455 | $ | 78,561 | $ | 23,768 | ||||||
| Ratio to average net assets of: |
||||||||||||
| Expenses, net of expense reimbursements |
0.58 | % | 0.58 | % | 0.58 | %5 | ||||||
| Expenses, prior to expense reimbursements |
0.58 | % | 0.58 | % | 0.68 | %5 | ||||||
| Net investment income |
4.53 | % | 1.62 | % | 1.38 | %5 | ||||||
| Portfolio turnover rate6 |
50 | % | 13 | % | 1 | % | ||||||
| 1 |
Commencement of investment operations. |
| 2 |
Based on average shares outstanding. |
| 3 |
Amount is less than $0.005. |
| 4 |
Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed by the investment adviser (Note 2). |
| 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.
| 58 | WisdomTree International Dividend Sector Funds |
Table of Contents
Financial Highlights (concluded)
WisdomTree International Dividend Sector Funds
March 31, 2009
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree International Real Estate Fund | For the Year Ended March 31, 2009 |
For the Period June 5, 20071 through March 31, 2008 |
||||||
| Net asset value, beginning of period |
$ | 41.84 | $ | 51.89 | ||||
| Investment operations: |
||||||||
| Net investment income2 |
1.35 | 1.22 | ||||||
| Net realized and unrealized loss |
(25.46 | ) | (9.32 | ) | ||||
| Total from investment operations |
(24.11 | ) | (8.10 | ) | ||||
| Dividends to shareholders: |
||||||||
| Net investment income |
(0.81 | ) | (1.95 | ) | ||||
| Total dividends to shareholders |
(0.81 | ) | (1.95 | ) | ||||
| Net asset value, end of period |
$ | 16.92 | $ | 41.84 | ||||
| TOTAL RETURN3 |
(57.85 | )% | (15.90 | )% | ||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||
| Net assets, end of period (000’s omitted) |
$ | 40,619 | $ | 112,962 | ||||
| Ratio to average net assets of: |
||||||||
| Net expenses |
0.58 | % | 0.58 | %4 | ||||
| Net investment income |
4.55 | % | 3.17 | %4 | ||||
| Portfolio turnover rate5 |
35 | % | 15 | % | ||||
| 1 |
Commencement of investment operations. |
| 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). |
| 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 Sector Funds | 59 |
Table of Contents
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 pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2009, the Trust offered 50 investment funds (each a “Fund,” collectively, the “Funds”). The Funds described herein, commenced operations on October 13, 2006 with the exception of the WisdomTree International Real Estate Fund which commenced operations on June 5, 2007.
These financial statements relate only to the WisdomTree International Basic Materials Sector Fund (“International Basic Materials Sector Fund”), WisdomTree International Communications Sector Fund (“International Communications Sector Fund”), WisdomTree International Consumer Discretionary Sector Fund (“International Consumer Discretionary Sector Fund”), WisdomTree International Consumer Staples Sector Fund (“International Consumer Staples Sector Fund”), WisdomTree International Energy Sector Fund (“International Energy Sector Fund”), WisdomTree International Financial Sector Fund (“International Financial Sector Fund”), WisdomTree International Health Care Sector Fund (“International Health Care Sector Fund”), WisdomTree International Industrial Sector Fund (“International Industrial Sector Fund”), WisdomTree International Technology Sector Fund (“International Technology Sector Fund”) and WisdomTree International Utilities Sector Fund (“International Utilities Sector Fund”), WisdomTree International Real Estate Fund (“International Real Estate Fund”), together the “International Dividend Sector Funds.”
Each Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“Wisdom Tree Investments”). Each Fund described here in is considered to be non-diversified.
2. SIGNIFICANT ACCOUNTING POLICIES
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.
Use of Estimates — The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during the reporting period. Actual results could differ from those estimates.
Investment Valuation — The Net Asset Value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. 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 Fund 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.
Fair Value Measurement — Effective April 1, 2008, the Funds adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). This standard defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosure about fair value measurements. Various inputs are used in determining the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below.
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumption in determining the fair value of investments)
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
| 60 | WisdomTree International Dividend Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (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 net asset value is computed and that may materially affect the value of the Fund’s investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict and acts of terrorism.
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
The following is a summary of the inputs used as of March 31, 2009 in valuing each Fund’s assets carried at fair value:
| Fund | Level 1 - Quoted Prices Valuation Inputs |
Level 2 - Other Significant Observable Inputs |
Level 3 - Significant Unobservable Inputs |
Total | ||||||||
| International Basic Materials Sector Fund |
$ | 22,026,668 | $ | 1,155,639 | $ | — | $ | 23,182,307 | ||||
| International Communications Sector Fund |
18,614,808 | 703,294 | — | 19,318,102 | ||||||||
| International Consumer Discretionary Sector Fund |
2,564,217 | 119,246 | — | 2,683,463 | ||||||||
| International Consumer Staples Sector Fund |
13,298,158 | 145,930 | 31,662 | 13,475,750 | ||||||||
| International Energy Sector Fund |
22,269,333 | 1,185,091 | — | 23,454,424 | ||||||||
| International Financial Sector Fund |
7,154,215 | 585,284 | 2,760 | 7,742,259 | ||||||||
| International Health Care Sector Fund |
17,511,163 | 232,245 | — | 17,743,408 | ||||||||
| International Industrial Sector Fund |
10,746,251 | 994,624 | 4,371 | 11,745,246 | ||||||||
| International Technology Sector Fund |
5,201,599 | 143,687 | — | 5,345,286 | ||||||||
| International Utilities Sector Fund |
28,300,563 | 199,369 | — | 28,499,932 | ||||||||
| WisdomTree International Real Estate Fund |
40,102,050 | 968,417 | — | 41,070,467 | ||||||||
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:
| International Consumer Staples Sector Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 60,058 | ||
| Realized gain (loss) |
8,868 | |||
| Change in unrealized appreciation (depreciation) |
(62,467 | ) | ||
| Net purchases (sales) |
25,203 | |||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | 31,662 | ||
| International Financial Sector Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 11,340 | ||
| Realized gain (loss) |
(3,987 | ) | ||
| Change in unrealized appreciation (depreciation) |
(29,421 | ) | ||
| Net purchases (sales) |
4,472 | |||
| Transfers in/out |
20,356 | |||
| Balance as of March 31, 2009 |
$ | 2,760 | ||
| International Health Care Sector Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 359,808 | ||
| Realized gain (loss) |
70,988 | |||
| Change in unrealized appreciation (depreciation) |
(64,088 | ) | ||
| Net purchases (sales) |
(366,708 | ) | ||
| Transfers in/out |
— | |||
| Balance as of March 31, 2009 |
$ | — | ||
| International Industrial Sector Fund | Investments in Securities |
|||
| Balance as of April 1, 2008 |
$ | 67,867 | ||
| Realized gain (loss) |
(12,788 | ) | ||
| Change in unrealized appreciation (depreciation) |
(17,324 | ) | ||
| Net purchases (sales) |
(49,884 | ) | ||
| Transfers in/out |
16,500 | |||
| Balance as of March 31, 2009 |
$ | 4,371 | ||
| WisdomTree International Dividend Sector Funds | 61 |
Table of Contents
Notes to Financial Statements (continued)
Investment Transactions — 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.
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 deemed appropriate by the investment adviser. Realized and unrealized foreign exchange gains or losses on investments are included as a component of net realized and unrealized gain or loss on foreign currency transactions in the Statements of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Investment Income — Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses/Reimbursements — WisdomTree Asset Management (“WTAM”) has agreed to pay all expenses of the Funds, 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 each Independent Trustee; (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s chief compliance officer; (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.
Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of chief compliance officer (“CCO”) services to the Funds 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 service fee paid by each Fund of up to 0.0044% of each Fund’s average daily net assets. Trustees fees, which are included in Service Fees on the Statements of Operations, of $397,376 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the year ended March 31, 2009. Expenses in excess of 0.0044% were paid by WTAM.
Currency Transactions — The Funds may enter into foreign currency forward and foreign currency futures contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The Funds 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 Transactions — A forward foreign currency exchange 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.
Risks may arise upon entering into forward contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. Dollar or each other.
| 62 | WisdomTree International Dividend Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
Fluctuations in the value of open forward contracts are recorded for book purposes as unrealized gains or losses on forward foreign currency contracts by the Funds. Realized gains and losses on forward foreign currency contracts include net gains or losses recognized by the Funds on contracts which have matured.
The following forward currency exchange contracts were open at March 31, 2009:
| Fund Name | Settlement Date | Contracts To Deliver |
In Exchange For |
Unrealized Gain (Loss) |
||||||||||
| International Basic Materials Sector Fund |
4/01/09 | EUR | 22,448 | USD | 29,870 | $ | 65 | |||||||
| 4/02/09 | EUR | 13,229 | USD | 17,500 | (64 | ) | ||||||||
| $ | 1 | |||||||||||||
| International Consumer Discretionary Sector Fund |
4/02/09 | EUR | 82 | USD | 108 | $ | (1 | ) | ||||||
| 4/02/09 | NOK | 9,945 | USD | 1,457 | (16 | ) | ||||||||
| 4/03/09 | JPY | 212,296 | USD | 2,149 | — | |||||||||
| 4/03/09 | EUR | 63 | USD | 84 | — | |||||||||
| 4/03/09 | EUR | 3,621 | USD | 4,807 | — | |||||||||
| $ | (17 | ) | ||||||||||||
| International Energy Sector Fund |
4/02/09 | JPY | 1,786,320 | USD | 18,000 | $ | (86 | ) | ||||||
| International Financial Sector Fund |
4/02/09 | AUD | 15,887 | USD | 11,000 | $ | (38 | ) | ||||||
| 4/02/09 | EUR | 4,384 | USD | 5,800 | (21 | ) | ||||||||
| 4/02/09 | JPY | 864,654 | USD | 8,922 | 167 | |||||||||
| 4/02/09 | SEK | 57,915 | USD | 7,000 | (5 | ) | ||||||||
| 4/02/09 | SGD | 9,136 | USD | 6,000 | (10 | ) | ||||||||
| 4/03/09 | GBP | 7 | USD | 10 | — | |||||||||
| $ | 93 | |||||||||||||
| International Health Care Sector Fund |
4/02/09 | DKK | 61,930 | USD | 11,000 | $ | (40 | ) | ||||||
| International Industrial Sector Fund |
4/02/09 | JPY | 2,084,040 | USD | 21,000 | $ | (100 | ) | ||||||
| International Utilities Sector Fund |
4/02/09 | GBP | 13,844 | USD | 19,800 | $ | (44 | ) | ||||||
| International Real Estate Fund |
4/01/09 | GBP | 86,626 | USD | 124,078 | $ | (87 | ) | ||||||
| 4/03/09 | GBP | 322 | USD | 462 | — | |||||||||
| $ | (87 | ) | ||||||||||||
Currency Legend:
AUD—Australian dollar
EUR—Euro
GBP—British pound
JPY—Japanese yen
NOK—Norwegian krone
SEK—Swedish krona
SGD—Singapore dollar
USD – U.S. dollar
Security Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. The loans are collateralized at all times by cash and/or high grade debt obligations in an amount at least equal to 102% of the market value of domestic securities loaned (105% in the case of foreign securities loaned), as determined at the close of business on the preceding business day. 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 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 receives 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.
The securities lending income earned by the Funds is disclosed on the Statements of Operations.
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 in which a Fund may invest 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. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any,
| WisdomTree International Dividend Sector Funds | 63 |
Table of Contents
Notes to Financial Statements (continued)
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 Federal income tax regulations which may differ from U.S. 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 as a tax return of capital.
Financial Accounting Standards Board (“FASB”) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”) prescribes 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 year ended March 31, 2009, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Portfolios file tax returns with the U.S. Internal Revenue Service, New York, and various states. Generally, each of the tax years in the three year period ended March 31, 2009, remains subject to examination by taxing authorities.
3. ADVISER FEES AND TRANSACTIONS
As investment adviser, WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM also arranges for sub-advisory, transfer agency, custody, fund administration, 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 Trust, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s Chief Compliance Officer, interest expenses and taxes, brokerage expenses, and other expenses connected with the execution of portfolio transactions, any distribution fees or expenses, legal fees or expenses and extraordinary expenses. Pursuant to a separate contractual arrangement, WTAM arranges for the provision of chief compliance officer (“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%. The fees paid to WTAM for providing advisory services are listed below.
| Fund | Fee Rate | ||
| International Basic Materials Sector Fund |
0.58 | % | |
| International Communications Sector Fund |
0.58 | % | |
| International Consumer Discretionary Sector Fund |
0.58 | % | |
| International Consumer Staples Sector Fund |
0.58 | % | |
| International Energy Sector Fund |
0.58 | % | |
| International Financial Sector Fund |
0.58 | % | |
| International Health Care Sector Fund |
0.58 | % | |
| International Industrial Sector Fund |
0.58 | % | |
| International Technology Sector Fund |
0.58 | % | |
| International Utilities Sector Fund |
0.58 | % | |
| International Real Estate Fund |
0.58 | % |
Each Fund may purchase shares of an affiliated exchange traded fund(s) in secondary market transactions. For the year ended March 31, 2009, there were no transactions in affiliated ETFs.
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2009, there was an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying index and an amount of cash. 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.
| 64 | WisdomTree International Dividend Sector Funds |
Table of Contents
Notes to Financial Statements (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions and short-term investments) for the year ended March 31, 2009 were as follows:
| Fund | Purchases | Sales | ||||
| International Basic Materials Sector Fund |
$ | 31,899,262 | $ | 32,487,871 | ||
| International Communications Sector Fund |
16,214,913 | 16,391,370 | ||||
| International Consumer Discretionary Sector Fund |
1,757,405 | 1,767,761 | ||||
| International Consumer Staples Sector Fund |
11,953,643 | 12,116,159 | ||||
| International Energy Sector Fund |
17,263,584 | 19,386,155 | ||||
| International Financial Sector Fund |
7,460,581 | 7,664,629 | ||||
| International Health Care Sector Fund |
6,524,812 | 6,528,319 | ||||
| International Industrial Sector Fund |
13,250,464 | 13,906,336 | ||||
| International Technology Sector Fund |
5,856,625 | 5,885,710 | ||||
| International Utilities Sector Fund |
28,149,699 | 28,871,701 | ||||
| International Real Estate Fund |
30,666,535 | 29,224,684 | ||||
For the year ended March 31, 2009, the cost of in-kind purchases and the proceeds from in-kind redemptions were as follows:
| Fund | Purchases | Redemptions | ||||
| International Basic Materials Sector Fund |
$ | 4,277,685 | $ | 33,580,080 | ||
| International Communications Sector Fund |
12,390,080 | 12,015,574 | ||||
| International Consumer Discretionary Sector Fund |
441,291 | 441,653 | ||||
| International Consumer Staples Sector Fund |
10,010,469 | 20,488,242 | ||||
| International Energy Sector Fund |
21,902,831 | 30,633,624 | ||||
| International Financial Sector Fund |
50,401 | 50,427 | ||||
| International Health Care Sector Fund |
9,885,010 | 9,455,792 | ||||
| International Industrial Sector Fund |
3,894,198 | 17,196,057 | ||||
| International Technology Sector Fund |
346,747 | 356,873 | ||||
| International Utilities Sector Fund |
6,375,102 | 25,838,952 | ||||
| International Real Estate Fund |
27,245,178 | 22,962,118 | ||||
Gains and losses on in-kind redemptions are not recognized at the Fund level for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2009, the cost of investments (including securities on loan) for Federal income tax purposes were as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Depreciation |
||||||||||
| International Basic Materials Sector Fund* |
$ | 48,016,398 | $ | 64,100 | $ | (24,898,190 | ) | $ | (24,834,090 | ) | ||||
| International Communications Sector Fund |
29,228,988 | 971 | (9,911,857 | ) | (9,910,886 | ) | ||||||||
| International Consumer Discretionary Sector Fund |
4,390,626 | 59,412 | (1,766,575 | ) | (1,707,163 | ) | ||||||||
| International Consumer Staples Sector Fund |
20,426,250 | 16,968 | (6,967,468 | ) | (6,950,500 | ) | ||||||||
| International Energy Sector Fund |
41,236,600 | 68,985 | (17,851,161 | ) | (17,782,176 | ) | ||||||||
| International Financial Sector Fund |
15,608,809 | 7,185 | (7,873,735 | ) | (7,866,550 | ) | ||||||||
| International Health Care Sector Fund |
25,575,615 | 15,126 | (7,847,333 | ) | (7,832,207 | ) | ||||||||
| International Industrial Sector Fund |
24,757,343 | 27,391 | (13,039,488 | ) | (13,012,097 | ) | ||||||||
| International Technology Sector Fund |
9,164,781 | 7,260 | (3,826,755 | ) | (3,819,495 | ) | ||||||||
| International Utilities Sector Fund |
54,739,229 | 123,228 | (26,362,525 | ) | (26,239,297 | ) | ||||||||
| International Real Estate Fund |
108,688,445 | — | (67,617,978 | ) | (67,617,978 | ) | ||||||||
| * | Includes short-term capital gains. |
| WisdomTree International Dividend Sector Funds | 65 |
Table of Contents
Notes to Financial Statements (continued)
At March 31, 2009, the components of accumulated earnings/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Depreciation |
Currency Unrealized Appreciation/ (Depreciation) |
Total Accumulated Loss |
||||||||||||||
| International Basic Materials Sector Fund* |
$ | — | $ | (9,042,958 | ) | $ | (24,834,090 | ) | $ | (1,343 | ) | $ | (33,878,391 | ) | |||||
| International Communications Sector Fund |
38,150 | (4,967,472 | ) | (9,910,886 | ) | 3,445 | (14,836,763 | ) | |||||||||||
| International Consumer Discretionary Sector Fund |
8,134 | (1,027,596 | ) | (1,707,163 | ) | 56 | (2,726,569 | ) | |||||||||||
| International Consumer Staples Sector Fund |
24,968 | (3,028,580 | ) | (6,950,500 | ) | (753 | ) | (9,954,865 | ) | ||||||||||
| International Energy Sector Fund |
19,508 | (3,689,014 | ) | (17,782,176 | ) | 980 | (21,450,702 | ) | |||||||||||
| International Financial Sector Fund |
6,238 | (6,456,783 | ) | (7,866,550 | ) | (756 | ) | (14,317,851 | ) | ||||||||||
| International Health Care Sector Fund |
131,021 | (1,196,214 | ) | (7,832,207 | ) | (1,803 | ) | (8,899,203 | ) | ||||||||||
| International Industrial Sector Fund |
56,742 | (5,659,214 | ) | (13,012,097 | ) | (1,534 | ) | (18,616,103 | ) | ||||||||||
| International Technology Sector Fund |
18,540 | (1,828,326 | ) | (3,819,495 | ) | (508 | ) | (5,629,789 | ) | ||||||||||
| International Utilities Sector Fund |
60,757 | (3,322,966 | ) | (26,239,297 | ) | (1,327 | ) | (29,502,833 | ) | ||||||||||
| International Real Estate Fund |
284,295 | (16,934,344 | ) | (67,617,978 | ) | (3,927 | ) | (84,271,954 | ) | ||||||||||
| * | Includes short-term capital gains. |
The tax character of distributions paid during the years ended March 31, 2009 and March 31, 2008, was as follows:
| Year Ended March 31, 2009 |
Year Ended March 31, 2008 | ||||||||
| Fund | Distributions Paid from Ordinary Income* |
Return of Capital |
Distributions Paid from Ordinary Income* | ||||||
| International Basic Materials Sector Fund* |
$ | 2,037,349 | $ | 16,011 | $ | 735,524 | |||
| International Communications Sector Fund |
1,211,790 | — | 966,715 | ||||||
| International Consumer Discretionary Sector Fund |
137,014 | — | 133,647 | ||||||
| International Consumer Staples Sector Fund |
780,364 | — | 501,685 | ||||||
| International Energy Sector Fund |
1,852,260 | — | 853,087 | ||||||
| International Financial Sector Fund |
816,856 | — | 636,938 | ||||||
| International Health Care Sector Fund |
704,426 | — | 562,672 | ||||||
| International Industrial Sector Fund |
1,394,860 | — | 674,452 | ||||||
| International Technology Sector Fund |
157,924 | — | 86,049 | ||||||
| International Utilities Sector Fund |
2,592,420 | — | 777,904 | ||||||
| International Real Estate Fund |
2,071,270 | — | 3,712,845 | ||||||
| * | Includes short-term capital gains. |
At March 31, 2009, for Federal income 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, that the capital gains so offset will not be distributed to shareholders.
| Fund | Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Total | ||||||
| International Basic Materials Sector Fund |
$ | 606,109 | $ | 911,737 | $ | 1,517,846 | |||
| International Communications Sector Fund |
59,934 | 3,356,410 | 3,416,344 | ||||||
| International Consumer Discretionary Sector Fund |
60,275 | 173,516 | 233,791 | ||||||
| International Consumer Staples Sector Fund |
173,099 | 2,210,497 | 2,383,596 | ||||||
| International Energy Sector Fund |
45,822 | 1,245,793 | 1,291,615 | ||||||
| International Financial Sector Fund |
144,091 | 3,688,934 | 3,833,025 | ||||||
| International Health Care Sector Fund |
213,918 | 222,986 | 436,904 | ||||||
| International Industrial Sector Fund |
92,435 | 2,745,606 | 2,838,041 | ||||||
| International Technology Sector Fund |
21,276 | 1,155,412 | 1,176,688 | ||||||
| International Utilities Sector Fund |
13,301 | 1,722,994 | 1,736,295 | ||||||
| International Real Estate Fund |
261,244 | 12,351,482 | 12,612,726 | ||||||
| 66 | WisdomTree International Dividend Sector Funds |
Table of Contents
Notes to Financial Statements (concluded)
Capital losses, currency losses and passive foreign investment company (“PFIC”) losses incurred after October 31 (“post-October losses”) within the taxable year are deemed to arise on the first business day of each Fund’s next taxable year.
During the year ended March 31, 2009, the following Funds incurred and will elect to defer net post-October losses as follows:
| Fund | Post-October PFIC Losses |
Post-October Currency Losses |
Post-October Capital Losses | ||||||
| International Basic Materials Sector Fund |
$ | — | $ | — | $ | 7,525,112 | |||
| International Communications Sector Fund |
— | — | 1,551,128 | ||||||
| International Consumer Discretionary Sector Fund |
58 | 116 | 793,631 | ||||||
| International Consumer Staples Sector Fund |
— | 3,188 | 641,796 | ||||||
| International Energy Sector Fund |
— | 2,157 | 2,395,242 | ||||||
| International Financial Sector Fund |
— | 2,534 | 2,621,224 | ||||||
| International Health Care Sector Fund |
— | — | 759,310 | ||||||
| International Industrial Sector Fund |
— | 14,451 | 2,806,722 | ||||||
| International Technology Sector Fund |
— | 1,414 | 650,224 | ||||||
| International Utilities Sector Fund |
— | 1,490 | 1,585,181 | ||||||
| International Real Estate Fund |
— | 15,536 | 4,306,082 | ||||||
At March 31, 2009, the effect of permanent “book/tax” reclassfications 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 | |||||||||
| International Basic Materials Sector Fund |
$ | 44,755 | $ | 8,896,642 | $ | (8,941,397 | ) | |||||
| International Communications Sector Fund |
1,911 | (752,821 | ) | 750,910 | ||||||||
| International Consumer Discretionary Sector Fund |
(590 | ) | (63,620 | ) | 64,210 | |||||||
| International Consumer Staples Sector Fund |
(54,729 | ) | (254,469 | ) | 309,198 | |||||||
| International Energy Sector Fund |
(41,824 | ) | 2,725,445 | (2,683,621 | ) | |||||||
| International Financial Sector Fund |
(73,449 | ) | 62,080 | 11,369 | ||||||||
| International Health Care Sector Fund |
10,432 | 890,874 | (901,306 | ) | ||||||||
| International Industrial Sector Fund |
(77,838 | ) | 8,251,535 | (8,173,697 | ) | |||||||
| International Technology Sector Fund |
(29,514 | ) | (14,429 | ) | 43,943 | |||||||
| International Utilities Sector Fund |
(46,283 | ) | 4,661,271 | (4,614,988 | ) | |||||||
| International Real Estate Fund |
223,955 | 12,907,559 | (13,131,514 | ) | ||||||||
These differences are primarily due to redemptions-in-kind, currency gains/loss and passive foreign investment companies (“PFIC’s”).
7. NEW ACCOUNTING PRONOUNCEMENT
On March 19, 2008, the FASB released Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities (“FAS 161”). FAS 161 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 application of FAS 161 is required for fiscal years beginning after November 15, 2008 and interim periods within those fiscal years. At this time, management is evaluating the implications of FAS 161 and its impact on the financial statements.
| WisdomTree International Dividend Sector Funds | 67 |
Table of Contents
Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree International Basic Materials Sector Fund, WisdomTree International Communications Sector Fund, WisdomTree International Consumer Discretionary Sector Fund, WisdomTree International Consumer Staples Sector Fund, WisdomTree International Energy Sector Fund, WisdomTree International Financial Sector Fund, WisdomTree International Health Care Sector Fund, WisdomTree International Industrial Sector Fund, WisdomTree International Technology Sector Fund, WisdomTree International Utilities Sector Fund and WisdomTree International Real Estate Fund (eleven of the investment funds constituting the WisdomTree Trust (the “the Trust”)) as of March 31, 2009, and the related statements of operations for the year then ended, the statements of changes in net assets and financial highlights for each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2009, 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 International Basic Materials Sector Fund, WisdomTree International Communications Sector Fund, WisdomTree International Consumer Discretionary Sector Fund, WisdomTree International Consumer Staples Sector Fund, WisdomTree International Energy Sector Fund, WisdomTree International Financial Sector Fund, WisdomTree International Health Care Sector Fund, WisdomTree International Industrial Sector Fund, WisdomTree International Technology Sector Fund, WisdomTree International Utilities Sector Fund and WisdomTree International Real Estate Fund of WisdomTree Trust at March 31, 2009, the results of their operations for the year then ended, 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.
New York, New York
May 28, 2009
| 68 | WisdomTree International Dividend Sector Funds |
Table of Contents
Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
The Board of Trustees of the Trust, including a majority of the Independent Trustees, has the responsibility under the 1940 Act to approve each Fund’s Investment Advisory Agreement and Sub-Advisory Agreement (collectively, the “Investment Advisory Agreements”). In addition, the Trust’s Board of Trustees will receive, review and evaluate information concerning the services and personnel of WTAM (the “Investment Adviser”) and Mellon Capital Management Corporation (the “Sub-Adviser”) at each quarterly meeting of the Board of Trustees. While particular emphasis will be placed on information concerning profitability, comparability of fees and total expenses, and the Trust’s investment performance at any future meeting at which a renewal of the Investment Advisory Agreements in considered, the process of evaluating the Investment Adviser and the Sub-Adviser and the Trust’s investment arrangements is an ongoing one. In this regard, the Board’s consideration of the nature, extent and quality of the services to be provided by the Investment Adviser and the Sub-Adviser under the Investment Advisory Agreements will include deliberations at future quarterly meetings.
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser have entered into an investment advisory agreement covering each Fund discussed herein. At a meeting held on March 2, 2009, the Board of Trustees reapproved the Investment Advisory Agreement for the Funds. The Board reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality and extent of the services to be provided to the Funds by WTAM; (ii) the investment performance of the Funds; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationship with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; (v) whether the fee levels reflect these economies of scale for the benefit of investors; and (vi) the fees charged by the Investment Adviser for non-registered funds.
The Board 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 also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Fund’s Sub-Adviser and oversight of the Sub-Adviser’s compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory Agreement. In this connection, the Board evaluated WTAM’s anticipated costs and profitability in serving as investment adviser to the Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Adviser. The Board also 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 concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the Sub-Adviser to the Funds, Mellon Capital Management Corporation (“MCM”), using essentially the same criteria it used for WTAM. The Board considered MCM’s operational capabilities and resources and MCM’s experience in serving as an adviser to ETFs, noting that MCM currently provides investment advisory and management services to other ETFs. The Board considered the investment performance of the Funds, and the expertise and performance of the MCM personnel. The Board also noted that Bank of New York Mellon Corporation (“BNYM”), an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian and transfer agent and receives compensation for acting in these capacities and is responsible for, among other things, coordinating the Funds’ audits, financial statements and tax returns, managing expenses and budgeting for the Funds, processing trades on behalf of each Fund and custodying Fund assets. As such, the Board concluded that the benefits accruing to MCM and its affiliates by virtue of their relationship to the Trust are reasonable and fair in comparison with the anticipated costs of providing the relevant services. The Board noted that WTAM, not the Funds, pays the fees to MCM under the Sub-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 determined that the approval of the Advisory Agreement and the Sub-Advisory Agreement was in the best interests of each Fund. After full consideration of these and other factors, the Board, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Advisory Agreement and Sub-Advisory Agreement.
| WisdomTree International Dividend Sector Funds | 69 |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net asset value (“NAV”) of each Fund and the market trading price of shares of each Fund. For these purposes, the “market price” 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. The term “premium” is sometimes used to describe a market price in excess of NAV and the term “discount” is sometimes used to describe a market price below NAV. The chart presents information about the size and frequency of premiums or discounts. As with other exchange traded funds, the market price of Fund shares is typically slightly higher or lower than the Fund’s per share NAV. Factors that contribute to the differences between market price and NAV include the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may contribute to differences between the NAV and market price of Fund shares. Many non-U.S. markets close prior to the close of the U.S. securities exchanges. Developments after the close of such markets as a result of ongoing price discovery may be reflected in a Fund’s market price but not in its NAV (or vice versa).
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree International Basic Materials Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 78 | 12.60 | % | 63 | 10.18 | % | |||||
| 25 – 49.9 | 72 | 11.63 | % | 36 | 5.82 | % | ||||||
| 50 – 74.9 | 83 | 13.41 | % | 38 | 6.14 | % | ||||||
| 75 – 100.0 | 50 | 8.08 | % | 27 | 4.36 | % | ||||||
| >100.0 | 87 | 14.05 | % | 85 | 13.73 | % | ||||||
| Total | 370 | 59.77 | % | 249 | 40.23 | % | ||||||
| WisdomTree International Communications Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 49 | 7.92 | % | 36 | 5.82 | % | |||||
| 25 – 49.9 | 76 | 12.28 | % | 39 | 6.30 | % | ||||||
| 50 – 74.9 | 91 | 14.70 | % | 25 | 4.04 | % | ||||||
| 75 – 100.0 | 61 | 9.85 | % | 24 | 3.88 | % | ||||||
| >100.0 | 106 | 17.12 | % | 112 | 18.09 | % | ||||||
| Total | 383 | 61.87 | % | 236 | 38.13 | % | ||||||
| WisdomTree International Consumer Discretionary Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 113 | 18.26 | % | 74 | 11.95 | % | |||||
| 25 – 49.9 | 82 | 13.25 | % | 43 | 6.95 | % | ||||||
| 50 – 74.9 | 49 | 7.92 | % | 40 | 6.46 | % | ||||||
| 75 – 100.0 | 30 | 4.85 | % | 25 | 4.04 | % | ||||||
| >100.0 | 68 | 10.99 | % | 95 | 15.35 | % | ||||||
| Total | 342 | 55.25 | % | 277 | 44.75 | % | ||||||
| WisdomTree International Consumer Staples Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 56 | 9.35 | % | 53 | 8.85 | % | |||||
| 25 – 49.9 | 61 | 10.18 | % | 30 | 5.01 | % | ||||||
| 50 – 74.9 | 85 | 14.19 | % | 42 | 7.01 | % | ||||||
| 75 – 100.0 | 69 | 11.52 | % | 33 | 5.51 | % | ||||||
| >100.0 | 91 | 11.85 | % | 99 | 16.53 | % | ||||||
| Total | 362 | 57.10 | % | 257 | 42.90 | % | ||||||
| WisdomTree International Energy Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 50 | 8.08 | % | 44 | 7.11 | % | |||||
| 25 – 49.9 | 61 | 9.85 | % | 31 | 5.01 | % | ||||||
| 50 – 74.9 | 57 | 9.21 | % | 35 | 5.65 | % | ||||||
| 75 – 100.0 | 56 | 9.05 | % | 25 | 4.04 | % | ||||||
| >100.0 | 143 | 23.10 | % | 117 | 18.90 | % | ||||||
| Total | 367 | 59.29 | % | 252 | 40.71 | % | ||||||
| 70 | WisdomTree International Dividend Sector Funds |
Table of Contents
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
| Market Price Above or Equal to Net Asset Value |
Market Price Below Net Asset Value |
|||||||||||
| Basis Point Differential |
Number of Days |
Percentage of Total Days |
Number of Days |
Percentage of Total Days |
||||||||
| WisdomTree International Financial Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 38 | 6.14 | % | 29 | 4.68 | % | |||||
| 25 – 49.9 | 57 | 9.21 | % | 26 | 4.20 | % | ||||||
| 50 – 74.9 | 97 | 15.67 | % | 29 | 4.68 | % | ||||||
| 75 – 100.0 | 57 | 9.21 | % | 23 | 3.72 | % | ||||||
| >100.0 | 122 | 19.71 | % | 141 | 22.78 | % | ||||||
| Total | 371 | 59.94 | % | 248 | 40.06 | % | ||||||
| WisdomTree International Health Care Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 55 | 8.89 | % | 31 | 5.01 | % | |||||
| 25 – 49.9 | 71 | 11.47 | % | 31 | 5.01 | % | ||||||
| 50 – 74.9 | 105 | 16.96 | % | 27 | 4.36 | % | ||||||
| 75 – 100.0 | 67 | 10.82 | % | 29 | 4.68 | % | ||||||
| >100.0 | 135 | 21.81 | % | 68 | 10.99 | % | ||||||
| Total | 433 | 69.95 | % | 186 | 30.05 | % | ||||||
| WisdomTree International Industrial Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 53 | 8.56 | % | 43 | 6.95 | % | |||||
| 25 – 49.9 | 69 | 11.15 | % | 40 | 6.46 | % | ||||||
| 50 – 74.9 | 94 | 15.19 | % | 29 | 4.68 | % | ||||||
| 75 – 100.0 | 51 | 8.24 | % | 33 | 5.33 | % | ||||||
| >100.0 | 79 | 12.76 | % | 128 | 20.68 | % | ||||||
| Total | 346 | 55.90 | % | 273 | 44.10 | % | ||||||
| WisdomTree International Technology Sector Fund |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 57 | 9.21 | % | 46 | 7.43 | % | |||||
| 25 – 49.9 | 72 | 11.63 | % | 31 | 5.01 | % | ||||||
| 50 – 74.9 | 71 | 11.47 | % | 25 | 4.04 | % | ||||||
| 75 – 100.0 | 71 | 11.47 | % | 21 | 3.39 | % | ||||||
| >100.0 | 127 | 20.52 | % | 98 | 15.83 | % | ||||||
| Total | 398 | 64.30 | % | 221 | 35.70 | % | ||||||
| WisdomTree International Utilities Sector |
||||||||||||
| October 13, 2006 – March 31, 2009 |
0 – 24.9 | 47 | 7.59 | % | 43 | 6.95 | % | |||||
| 25 – 49.9 | 72 | 11.63 | % | 31 | 5.01 | % | ||||||
| 50 – 74.9 | 79 | 12.76 | % | 43 | 6.95 | % | ||||||
| 75 – 100.0 | 70 | 11.31 | % | 34 | 5.49 | % | ||||||
| >100.0 | 87 | 14.05 | % | 113 | 18.26 | % | ||||||
| Total | 355 | 57.35 | % | 264 | 42.65 | % | ||||||
| WisdomTree International Real Estate |
||||||||||||
| June 5, 2007 – March 31, 2009 |
0 – 24.9 | 37 | 8.04 | % | 34 | 7.39 | % | |||||
| 25 – 49.9 | 50 | 10.87 | % | 25 | 5.43 | % | ||||||
| 50 – 74.9 | 53 | 11.52 | % | 13 | 2.83 | % | ||||||
| 75 – 100.0 | 35 | 7.61 | % | 18 | 3.91 | % | ||||||
| >100.0 | 104 | 22.61 | % | 91 | 19.78 | % | ||||||
| Total | 279 | 60.65 | % | 181 | 39.35 | % | ||||||
| WisdomTree International Dividend Sector Funds | 71 |
Table of Contents
Trustee and Officer 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 WisdomTree Asset Management 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 |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee and Officer† |
Other | |||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
Chief Executive Officer of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) and Director of WisdomTree Investments, Inc. (since 1989) (formerly, Index Development Partners, Inc.). | 50 | None. | |||||
| Amit Muni (1969) |
Treasurer*, Assistant Secretary* | Officer since 2008 |
Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since March 2008); International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer (2003 to 2008); Instinet Group Inc., Vice President Finance (2000 to 2003). | 50 | None. | |||||
| Richard Morris (1967) |
Secretary*, Chief Legal Officer* | Officer since 2005 |
Deputy General Counsel of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) (since 2005); Senior Counsel at Barclays Global Investors, N.A. (2002 to 2005); Counsel at Barclays Global Investors, N.A. (2000 to 2001). | 50 | None. | |||||
| * | Elected by and serves at the pleasure of the Board of Trustees |
| † | As of March 31, 2009. |
| 72 | WisdomTree International Dividend Sector Funds |
Table of Contents
Trustee and Officer Information (unaudited) (concluded)
Independent Trustees
| Name |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee† |
Other | |||||
| Gregory Barton (1961)* | Trustee | Trustee since 2006 |
General Counsel and Secretary of Martha Stewart Living Omnimedia, Inc. (2007-2008); Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2003 to 2007); Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. (2002 to 2003); President (2001 to 2002), Chief Financial Officer (2000 to 2002), Vice President of Business Development (1999 to 2001) and General Counsel and Secretary (1998 to 2002) of WisdomTree Investments, Inc. (formerly, Index Development Partners, Inc.) | 50 | None. | |||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean at University of Arizona James E. Rogers College of Law (since 1999); Professor at University of Arizona James E. Rogers College of Law (since 1990). | 50 | None. | |||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee since 2006 |
Private Investor (2005 to present); President and Chief Executive Officer of William D. Witter, Inc. (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 Corp., and Chairman of the Fund Board of Enterprise Group of Funds (1991 to 2004). | 50 | Trustee on Board of Trustees of Naismith Memorial Basketball Hall of Fame; Member of the Board of Overseers of the Hoover Institution at Stanford University. | |||||
| * | Chair of the Audit Committee. |
| ** | Chair of the Governance and Nominating Committee. |
| † | As of March 31, 2009. |
| WisdomTree International Dividend Sector Funds | 73 |
Table of Contents
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year ended March 31, 2009, 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 2010.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2009, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income | ||
| International Basic Materials Sector Fund |
$ | 2,224,837 | |
| International Communications Sector Fund |
1,264,219 | ||
| International Consumer Discretionary Sector Fund |
150,365 | ||
| International Consumer Staples Sector Fund |
842,196 | ||
| International Energy Sector Fund |
2,007,210 | ||
| International Financial Sector Fund |
858,069 | ||
| International Health Care Sector Fund |
706,771 | ||
| International Industrial Sector Fund |
1,465,754 | ||
| International Technology Sector Fund |
176,021 | ||
| International Utilities Sector Fund |
2,645,647 | ||
| International Real Estate Fund |
738,688 | ||
The Funds intend to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2009 to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid | ||||
| International Basic Materials Sector Fund |
$ | 1,633,472 | $ | 171,477 | ||
| International Communications Sector Fund |
1,242,276 | 121,938 | ||||
| International Consumer Discretionary Sector Fund |
138,310 | 13,351 | ||||
| International Consumer Staples Sector Fund |
721,178 | 61,832 | ||||
| International Energy Sector Fund |
1,793,098 | 154,950 | ||||
| International Financial Sector Fund |
750,185 | 76,386 | ||||
| International Health Care Sector Fund |
654,795 | 57,812 | ||||
| International Industrial Sector Fund |
1,301,195 | 135,412 | ||||
| International Technology Sector Fund |
179,393 | 18,097 | ||||
| International Utilities Sector Fund |
2,800,107 | 365,182 | ||||
| International Real Estate Fund |
4,271,550 | 445,173 | ||||
| 74 | WisdomTree International Dividend Sector Funds |
Table of Contents
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine how to vote proxies related to each Fund’s portfolio securities, and information on how the Trust voted proxies during the period ended June 30, 2008, is available without charge, upon request (i) by calling 1-866-909-WISE, (ii) on the Trust’s website at www.wisdomtree.com and (iii) on the Securities and Exchange Commission’s (“SEC”) 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, upon request on the SEC’s website at www.sec.gov, and are also available by calling the Trust at 1-866-909-WISE. You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330). (ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102 or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The 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.
| WisdomTree International Dividend Sector Funds | 75 |
Table of Contents
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols as of March 31, 2009:
| 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 Europe Total Dividend Fund (DEB)
WisdomTree Europe Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan Equity Income Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan Equity Income Fund (DNH)
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 International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Discretionary Sector Fund (DPC)
WisdomTree International Consumer Staples Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree International 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 Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
Wisdom Tree LargeCap Growth Fund (ROI)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Income Funds
WisdomTree U.S. Current Income Fund (USY)
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission (“SEC”) as series of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree 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, or 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 can not invest directly in an index.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, 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 increase the impact of events and developments associated with the region which can adversely affect performance. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility. Investments in emerging or frontier markets are generally less liquid and less efficient than developed markets. Investments in currency involve additional special risks, such as credit risk, interest rate fluctuations, derivative investment risk and the effect of varied economic conditions. Derivatives can be volatile and may be less liquid than other securities. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting issuers. Unlike typical exchange-traded funds, there are no indexes that the currency funds attempt to track or replicate. Thus, the ability of the currency Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Please read the Funds’ prospectus for specific details regarding each Fund’s risk profile. Transaction in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
Table of Contents
380 Madison Avenue, 21st Floor
New York, NY 10017
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree International Dividend Sector ETFs
WisdomTree International Basic Materials Sector Fund
WisdomTree International Communications Sector Fund
WisdomTree International Consumer Discretionary Sector Fund
WisdomTree International Consumer Staples Sector Fund
WisdomTree International Energy Sector Fund
WisdomTree International Financial Sector Fund
WisdomTree International Health Care Sector Fund
WisdomTree International Industrial Sector Fund
WisdomTree International Technology Sector Fund
WisdomTree International Utilities Sector Fund
WisdomTree International Real Estate Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS001851 (05/2010)
Table of Contents
| Item 2. | Code of Ethics. |
The Registrant has adopted a code of ethics (the “Code of Ethics”) that applies to persons appointed by the Registrant’s Board of Trustees as the President and Chief Executive Officer, Chief Financial Officer, Treasurer and/or Chief Accounting Officer, and any persons performing similar functions. For the fiscal year ended March 31, 2009, there were no amendments to any provision of the Code of Ethics. A copy of this code is filed with this Form N-CSR under Item 12(a) (1)
| (b) | Not applicable. |
| (c) | The Trust has not amended its Code of Ethics during the period covered by the shareholder report presented in Item 1 hereto. |
| (d) | The Trust has not granted a waiver or an implicit waiver from a provision of its Code of Ethics. |
| (e) | Not applicable. |
| (f) | The Trust’s Code of Ethics is attached hereto as an exhibit. |
| 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 Greg Barton, 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. |
The principal accountant fees disclosed in item 4(a), 4(b), 4(c), 4(d) and 4(g) are for the forty-two funds of the Registrant for which the fiscal year-end is March 31, 2009 and whose annual financial statements are reported in Item 1.
(a) Audit Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2009 for professional services rendered by the principal accountant for the audit of the Trust’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements are as follows:
2009: $849,500
2008: $789,600
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(b) Audit-Related Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2009 for professional services rendered for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the Trust’s financial statements and are not reported above in Item 4(a) are as follows:
2009: $0
2008: $0
(c) Tax Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2009 for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning are as follows:
2009: $323,598
2008: $280,425
(d) All Other Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2009 for products and services provided by the principal accountant, other than the services reported above in Items 4(a) through (c) are as follows:
2009: $123,090
2008: $118,840
(e) Audit Committee Pre-Approval Policies and Procedures.
(i) 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.
(ii) 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 Trust’s financial statements for the most recent fiscal year attributable to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%.
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(g) The aggregate non-audit fees billed by the Trust’s accountant for services rendered to the Trust, the Advisor or any entity controlling, controlled by, or under common control with the Advisor that provides ongoing services to the Trust (except for any sub-advisor whose role is primarily portfolio management and is sub-contracted with or overseen by another investment advisor) that for the fiscal year ended March 31, 2009 are as follows:
2009: $446,688
2008: $399,265
| (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 Greg Barton, Toni Massaro and Victor Ugolyn.
| Item 6. | Schedule of Investments. |
The schedule is included as part of the report to shareholders filed under Item 1 of this form.
| 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. |
Not applicable.
| Item 11. | Controls and Procedures. |
(a) Based on their evaluation of the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) as of a date within 90 days prior to the filing date of this report, the President and Treasurer of the Registrant have concluded that such disclosure controls and procedures are reasonably designed and effective to ensure that material information relating to the Registrant, is made known to them by others within those entities.
(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30 a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s second fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
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| Item 12. | Exhibits. |
(a)(1) Code of Ethics for Senior Officers that is the subject of Item 2 is attached.
(a)(2) Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2 under the Act (17 CFR 270.30a-2) is attached hereto as a part of EX-99.CERT.
(a)(3) Not applicable.
(b) Certification of each principal executive officer and principal financial officer of the Registrant as required by Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto as a part of EX-99.906CERT.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WisdomTree Trust
| ||
| By: |
/s/ Jonathan L. Steinberg | |
| Name: Jonathan L. Steinberg | ||
| Title: President | ||
| Date: June 10, 2009 | ||
| By: |
/s/ Amit Muni | |
| Name: Amit Muni | ||
| Title: Treasurer | ||
| Date: June 10, 2009 | ||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: |
/s/ Jonathan L. Steinberg | |
| Name: Jonathan L. Steinberg | ||
| Title: President | ||
| Date: June 10, 2009 | ||
| By: |
/s/ Amit Muni | |
| Name: Amit Muni | ||
| Title: Treasurer | ||
| Date: June 10, 2009 | ||