WisdomTree Trust
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-21864

WisdomTree Trust

(Exact name of registrant as specified in charter)

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, 2012

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

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WisdomTree Trust

Domestic Dividend Funds

 

Annual Report

March 31, 2012

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)

Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

        1   

Performance Summaries (unaudited)

        3   

Description of Indexes (unaudited)

       9   

Shareholder Expense Examples (unaudited)

        10   
Schedules of Investments     

WisdomTree Total Dividend Fund

        12   

WisdomTree Equity Income Fund

        23   

WisdomTree LargeCap Dividend Fund

        28   

WisdomTree Dividend ex-Financials Fund

        32   

WisdomTree MidCap Dividend Fund

        34   

WisdomTree SmallCap Dividend Fund

        39   

Statements of Assets and Liabilities

        47   

Statements of Operations

        48   

Statements of Changes in Net Assets

        49   

Financial Highlights

        51   

Notes to Financial Statements

        54   

Report of Independent Registered Public Accounting Firm

        63   

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

        64   

Frequency Distribution of Discounts & Premiums (unaudited)

        65   

Trustees and Officers Information (unaudited)

        67   

Supplemental Information (unaudited)

        69   

General Information (unaudited)

        70   

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

Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500 Index, returned 8.54% for the 12-month period ended March 31, 2012 (the “period”). After bottoming in March of 2009, the S&P 500 recorded its third straight year of gains. Measured from March 31, 2009 through March 31, 2012, the three year cumulative total return on the S&P 500 Index was 87.99%. This represents a substantial recovery in the equity market as earnings and dividend levels reached and surpassed previous records.

While the overall return for the period was positive, it was marked by several bouts of volatility. Investors had to deal with events domestically and abroad that impacted the U.S. market: as the S&P 500 Index fell for the first six months of the period and turned around significantly in the second half of the period.

Much of the volatility experienced in the market revolved around concerns over a debt crisis in the developed world. At home in the United States, politicians squabbled over raising the U.S. debt ceiling in the summer of 2011. After the market close on Friday, August 5, 2011, Standard & Poor’s downgraded the U.S. government from its AAA rating — the highest credit quality rating one can achieve — due to escalating debt levels, large deficits, and the lack of a coherent plan from U.S. politicians attacking these fiscal issues. The following Monday, the S&P 500 closed down 6.65% and many market participants shifted assets away from equities and risky assets to perceived safe havens. Paradoxically, there was a flight to the very bonds that were downgraded as many believed the problems in other parts of the world, such as Europe, were worse than those in the United States.

WisdomTree Funds’ Performance Overview

By the end of September 2011, investors had experienced market uncertainty due to the European debt crisis intensifying. This resulted in the worst quarterly performance for the S&P 500 since 2008 (down 13.87%). To support the economy and credit markets, on September 21, 2011, the Federal Reserve announced “Operation Twist,” which attempted to push down long-term interest rates by shifting the balance of the Treasury’s securities holdings towards longer-term securities and selling shorter-term investments. These Federal Reserve actions, known as a form of quantitative easing, or “QE”, helped support an environment in which many investors were willing to take on more risk. From September 22, 2011, the market rose more than 26% until the end of March 2012, erasing the negative effects of the previous volatility and leaving the U.S. market, as measured by the S&P 500 Index, up 8.54% for the period.

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

 

Ticker   WisdomTree Fund   1-Year
NAV
Return		     Cap-Weighted Benchmark   1-Year
Return		     Difference  

DTD

   WisdomTree Total Dividend Fund     11.81 %    Russell 3000® Index     7.18 %      4.63 % 

DHS

   WisdomTree Equity Income Fund     14.66 %    Russell 1000® Value Index     4.79 %      9.87 % 

DLN

   WisdomTree LargeCap Dividend Fund     12.82 %    S&P 500® Index     8.54 %      4.28 % 

DTN

   WisdomTree Dividend ex-Financials Fund     12.99 %    Dow Jones U.S. Select Dividend IndexSM     11.75 %      1.24 % 

DON

   WisdomTree MidCap Dividend Fund     6.99 %    S&P MidCap 400® Index     1.98 %      5.01 % 

DES

   WisdomTree SmallCap Dividend Fund     4.50 %    Russell 2000® Index     -0.18 %      4.68 % 

With all the volatility in the markets during the period, it may not be a surprise that equities considered to be more defensive in nature, such as large cap stocks, or dividend paying stocks fared better than mid cap and small cap stocks and more growth oriented strategies. While the S&P 500 Index was up 8.54%, the Russell 2000 Index, an index of small cap U.S. equities, experienced a decline of -0.18%.

WisdomTree’s dividend weighted Funds are designed to track indexes based on the dividend stream generated by the companies included in the underlying WisdomTree

 

WisdomTree Domestic Dividend Funds      1   

Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited) (concluded)

 

Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. There are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.

Five of the ten sectors represented within the S&P 500 Index experienced positive performance over the period. The best performing sector over the period was the Information Technology sector. This was spurred by a lively initial public offering market and by earnings strength from some of its biggest components, such as Apple, Google, and IBM. Also, the more defensive sectors outpaced the market, such as Health Care, Consumer Staples, and Utilities. The Energy sector was the worst performing sector for the period, followed by Materials, as the commodities markets experienced a selloff over the period. Financials also lagged the broader market as questions arose about exposures to the European sovereign debt crisis.

The WisdomTree LargeCap Dividend Fund delivered a return of 12.82%, which was more than 4 percentage points ahead of the S&P 500 Index. This Fund, representative of the broader dividend approach, benefited from its focus on dividend paying stocks in the Utilities, Health Care, and Consumer Staples sectors. It also benefited from being underweight financial stocks, many of which had cut their dividends during the crisis and were therefore underweight in the Fund.

The performance of each WisdomTree Fund compared to its cap-weighted benchmarks was favorable for each Fund in the domestic dividend family over the period. This can be partially explained because the Consumer Staples sector experienced strong gains throughout the period. During the period, this sector was more heavily represented in WisdomTree Funds than in their corresponding cap-weighted benchmarks due to this sector’s relatively higher contributions to the dividend stream.

While the WisdomTree Domestic Dividend Funds outperformed their cap-weighted benchmarks for the period, there was a notable sector exposure that created relative drag on performance. The Information Technology sector experienced strong gains during the period. This sector has historically had relatively low dividend payers, which meant that cap-weighted benchmarks were relatively overweight this sector compared to the WisdomTree Dividend Funds during the period.

The WisdomTree Equity Income Fund outperformed its cap-weighted benchmark significantly over the period primarily because it was relatively overweight the Consumer Staples sector, which experienced positive gains over the period as a defensive sector. Additionally, the Fund was significantly underweight Financials, which lagged the broader market for the period.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 9 for the list of index descriptions.

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

 

2   WisdomTree Domestic Dividend Funds

Table of Contents

 

Performance Summary (unaudited)

WisdomTree Total Dividend Fund (DTD)

 

Sector Breakdown† as of 3/31/12‡

 

 

Financials

     16.7%   

Consumer Staples

     14.5%   

Industrials

     11.3%   

Health Care

     10.6%   

Information Technology

     9.9%   

Energy

     9.2%   

Consumer Discretionary

     8.2%   

Utilities

     6.6%   

Telecommunication Services

     6.2%   

Materials

     4.8%   

Other

     2.0%   

 

† 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 3/31/12

 

Description   % of Net Assets  

AT&T, Inc.

     3.5%   

Exxon Mobil Corp.

     3.1%   

Microsoft Corp.

     2.6%   

General Electric Co.

     2.4%   

Chevron Corp.

     2.2%   

Pfizer, Inc.

     2.1%   

Johnson & Johnson

     2.0%   

Philip Morris International, Inc.

     2.0%   

Procter & Gamble Co. (The)

     1.9%   

Verizon Communications, Inc.

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

The Fund returned 11.81% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/12

 

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

One Year

      11.81 %      11.79 %      12.22 %      7.18 %      4.30 % 

Three Year

      25.56 %      25.45 %      26.40 %      24.26 %      23.03 % 

Five Year

      1.40 %      1.42 %      2.04 %      2.18 %      -0.75 % 

Since Inception1

      3.96 %      3.95 %      4.45 %      4.47 %      2.34 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic Dividend Funds      3   

Table of Contents

Performance Summary (unaudited)

WisdomTree Equity Income Fund (DHS)

 

Sector Breakdown† as of 3/31/12‡

 

 

Health Care

     18.1%   

Consumer Staples

     15.8%   

Telecommunication Services

     13.5%   

Utilities

     13.2%   

Financials

     12.4%   

Industrials

     8.5%   

Materials

     5.5%   

Information Technology

     4.5%   

Energy

     4.0%   

Consumer Discretionary

     1.4%   

Other

     3.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

AT&T, Inc.

     7.7%   

General Electric Co.

     5.3%   

Pfizer, Inc.

     4.6%   

Johnson & Johnson

     4.5%   

Philip Morris International, Inc.

     4.4%   

Procter & Gamble Co. (The)

     4.2%   

Verizon Communications, Inc.

     3.9%   

Merck & Co., Inc.

     3.8%   

Intel Corp.

     3.6%   

ConocoPhillips

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

The Fund returned 14.66% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

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

One Year

        14.66 %       14.65 %       15.17 %       4.79 % 

Three Year

        29.76 %       29.77 %       30.43 %       22.82 % 

Five Year

        -0.91 %       -0.89 %       -0.55 %       -0.81 % 

Since Inception1

        2.12 %       2.14 %       2.42 %       2.29 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Domestic Dividend Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Dividend Fund (DLN)

 

Sector Breakdown† as of 3/31/12‡

 

 

Consumer Staples

     16.6%   

Financials

     12.7%   

Health Care

     12.2%   

Industrials

     11.4%   

Information Technology

     10.9%   

Energy

     10.6%   

Consumer Discretionary

     7.8%   

Telecommunication Services

     6.8%   

Utilities

     5.8%   

Materials

     4.4%   

Other

     0.8%   

 

† 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 3/31/12

 

Description   % of Net Assets  

AT&T, Inc.

     4.0%   

Exxon Mobil Corp.

     3.6%   

Microsoft Corp.

     3.1%   

General Electric Co.

     2.8%   

Chevron Corp.

     2.5%   

Pfizer, Inc.

     2.4%   

Johnson & Johnson

     2.4%   

Philip Morris International, Inc.

     2.3%   

Procter & Gamble Co. (The)

     2.2%   

Verizon Communications, Inc.

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

 

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

The Fund returned 12.82% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Materials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/12

 

      Average Annual Total Return         
      Fund
Net Asset Value		     Fund
Market Price		     WisdomTree
LargeCap
Dividend Index		     S&P 500®  Index     Russell 1000®
Value Index		  

One Year

      12.82 %      12.80 %      13.15 %      8.54 %      4.79 % 

Three Year

      24.54 %      24.48 %      25.07 %      23.42 %      22.82 % 

Five Year

      1.20 %      1.18 %      1.66 %      2.01 %      -0.81 % 

Since Inception1

      3.77 %      3.73 %      4.16 %      4.25 %      2.29 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic Dividend Funds      5   

Table of Contents

Performance Summary (unaudited)

WisdomTree Dividend ex-Financials Fund (DTN)

 

Sector Breakdown† as of 3/31/12‡

 

 

Utilities

     12.3%   

Consumer Staples

     12.2%   

Materials

     11.4%   

Industrials

     10.6%   

Telecommunication Services

     10.3%   

Information Technology

     9.9%   

Health Care

     9.8%   

Consumer Discretionary

     9.3%   

Energy

     8.9%   

Other

     5.3%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Frontier Communications Corp.

     3.0%   

Southern Copper Corp.

     2.7%   

Windstream Corp.

     2.4%   

CenturyLink, Inc.

     2.3%   

AT&T, Inc.

     1.7%   

Avon Products, Inc.

     1.7%   

Altria Group, Inc.

     1.6%   

Lockheed Martin Corp.

     1.6%   

Lorillard, Inc.

     1.5%   

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

The Fund returned 12.99% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s performance also benefited because it excludes investments in the Financials sector, which had negative returns for the period. The Fund’s position in the Telecommunication Services sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

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

One Year

        12.99 %       13.00 %       13.46 %       11.75 % 

Three Year

        31.84 %       31.82 %       32.55 %       26.39 % 

Five Year

        2.25 %       2.25 %       2.76 %       -0.12 % 

Since Inception2

        5.35 %       5.35 %       5.75 %       2.75 % 
1 

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

 

2 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Domestic Dividend Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Dividend Fund (DON)

 

Sector Breakdown† as of 3/31/12‡

 

 

Financials

     35.7%   

Utilities

     13.5%   

Consumer Discretionary

     11.2%   

Industrials

     10.0%   

Materials

     8.1%   

Information Technology

     3.9%   

Telecommunication Services

     3.3%   

Consumer Staples

     2.5%   

Energy

     2.1%   

Health Care

     1.6%   

Other

     8.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Frontier Communications Corp.

     1.9%   

Windstream Corp.

     1.6%   

New York Community Bancorp, Inc.

     1.5%   

Kimco Realty Corp.

     1.2%   

Ares Capital Corp.

     1.0%   

Plum Creek Timber Co., Inc.

     1.0%   

Cincinnati Financial Corp.

     0.9%   

NiSource, Inc.

     0.9%   

Pitney Bowes, Inc.

     0.9%   

Hospitality Properties Trust

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

 

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

The Fund returned 6.99% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Utilities sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

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

One Year

      6.99 %       7.04 %       7.34 %       1.98 %       2.28 % 

Three Year

      31.77 %       31.70 %       32.51 %       28.55 %       29.18 % 

Five Year

      2.70 %       2.72 %       2.58 %       4.78 %       1.26 % 

Since Inception1

      5.25 %       5.35 %       5.12 %       6.77 %       4.41 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic Dividend Funds      7   

Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Dividend Fund (DES)

 

Sector Breakdown† as of 3/31/12‡

 

 

Financials

     49.4%   

Industrials

     11.0%   

Consumer Discretionary

     9.1%   

Utilities

     4.8%   

Materials

     4.8%   

Information Technology

     4.4%   

Consumer Staples

     3.6%   

Health Care

     1.9%   

Telecommunication Services

     1.7%   

Energy

     1.0%   

Other

     8.3%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Apollo Investment Corp.

     1.9%   

CommonWealth REIT

     1.4%   

Prospect Capital Corp.

     1.2%   

Corporate Office Properties Trust

     1.0%   

Vector Group Ltd.

     1.0%   

Healthcare Realty Trust, Inc.

     0.9%   

Brandywine Realty Trust

     0.8%   

WisdomTree MidCap Dividend Fund

     0.8%   

TAL International Group, Inc.

     0.7%   

Lexington Realty Trust

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

The Fund returned 4.50% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

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

One Year

        4.50 %       4.78 %       4.74 %       -0.18 %       -1.07 % 

Three Year

        31.58 %       31.44 %       32.13 %       26.90 %       25.36 % 

Five Year

        0.95 %       1.04 %       1.16 %       2.13 %       0.01 % 

Since Inception1

        3.57 %       3.60 %       3.65 %       4.59 %       2.97 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

8   WisdomTree Domestic Dividend Funds

Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

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

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

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

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

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

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

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

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

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

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

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

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

The Russell 2000® Value Index is a capitalization weighted index that measures the small-capitalization value segment of the U.S. equity universe, selecting from the Russell 2000 Index.

The Russell 3000® Value Index is a capitalization weighted index that measures the performance of the value sector of the broad U.S. equity market. The index is a subset of the Russell 3000 Index and consists of those companies or portion of a company, with lower price-to-book ratios and lower forecasted growth within the Russell 3000 Index.

The Russell MidCap Value® Index is a capitalization weighted index that measures the mid-capitalization value segment of the U.S. equity universe, selecting from the Russell Midcap Index.

The Dow Jones U.S. Select Dividend IndexSM measures the performance of 100 U.S. dividend-paying companies.

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

 

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, 2011 to March 31, 2012.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/11 to 3/31/12” 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
10/01/11		      Ending
Account Value
3/31/12		      Annualized
Expense Ratio
Based on the
Period
10/01/11 to
3/31/12		   Expenses Paid
During the
Period†
10/01/11 to
3/31/12		  

WisdomTree Total Dividend Fund

           

Actual

    $ 1,000.00       $ 1,226.80       0.28%   $ 1.56   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.60       0.28%   $ 1.42   

WisdomTree Equity Income Fund

           

Actual

    $ 1,000.00       $ 1,184.80       0.38%   $ 2.08   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree LargeCap Dividend Fund

           

Actual

    $ 1,000.00       $ 1,225.10       0.28%   $ 1.56   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.60       0.28%   $ 1.42   

WisdomTree Dividend ex-Financials Fund

           

Actual

    $ 1,000.00       $ 1,190.80       0.38%   $ 2.08   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree MidCap Dividend Fund

           

Actual

    $ 1,000.00       $ 1,235.90       0.38%   $ 2.12   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree SmallCap Dividend Fund

           

Actual

    $ 1,000.00       $ 1,263.60       0.38%   $ 2.15   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   
† Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 183/366 (to reflect the one-half year period).

 

WisdomTree Domestic Dividend Funds      11   

Table of Contents

Schedule of Investments

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 101.6%   
COMMON STOCKS – 99.6%   
Advertising – 0.1%   

Harte-Hanks, Inc.

      2,479       $ 22,435  

Interpublic Group of Cos., Inc. (The)

      8,602         98,149  

Omnicom Group, Inc.(a)

      4,683         237,194  
     

 

 

  
Total Advertising               357,778  
Aerospace/Defense – 2.4%   

Alliant Techsystems, Inc.

      208         10,425  

Boeing Co. (The)

      14,125         1,050,476  

Curtiss-Wright Corp.

      488         18,061  

General Dynamics Corp.

      8,017         588,288  

Goodrich Corp.

      952         119,419  

Kaman Corp.

      858         29,129  

L-3 Communications Holdings, Inc.

      2,094         148,192  

Lockheed Martin Corp.

      12,936         1,162,429  

Northrop Grumman Corp.

      7,235         441,914  

Raytheon Co.

      10,242         540,573  

Rockwell Collins, Inc.

      2,097         120,703  

United Technologies Corp.

      18,348         1,521,783  
     

 

 

  
Total Aerospace/Defense               5,751,392  
Agriculture – 4.0%   

Altria Group, Inc.

      88,999         2,747,399  

Archer-Daniels-Midland Co.

      12,816         405,755  

Lorillard, Inc.

      4,856         628,755  

Philip Morris International, Inc.

      54,265         4,808,422  

Reynolds American, Inc.

      24,391         1,010,763  

Universal Corp.

      1,000         46,600  

Vector Group Ltd.(a)

      6,274         111,175  
     

 

 

  
Total Agriculture               9,758,869  
Apparel – 0.5%   

Cherokee, Inc.

      1,128         12,848  

Coach, Inc.

      3,310         255,797  

Columbia Sportswear Co.(a)

      547         25,955  

Jones Group, Inc. (The)

      1,548         19,443  

NIKE, Inc. Class B

      4,360         472,798  

Ralph Lauren Corp.

      256         44,628  

VF Corp.

      1,916         279,698  

Wolverine World Wide, Inc.

      767         28,517  
     

 

 

  
Total Apparel               1,139,684  
Auto Manufacturers – 0.1%   

PACCAR, Inc.

      5,391         252,461  
Auto Parts & Equipment – 0.2%   

Cooper Tire & Rubber Co.

      1,732         26,361  

Douglas Dynamics, Inc.

      952         13,090  

Johnson Controls, Inc.

      12,690         412,172  

Lear Corp.

      984         45,746  

Superior Industries International, Inc.

      1,341         26,203  
     

 

 

  
Total Auto Parts & Equipment               523,572  
Banks – 6.1%   

1st Source Corp.

      1,195         29,242  

Arrow Financial Corp.

      976         23,814  

Associated Banc-Corp.

      1,096         15,300  
     

BancFirst Corp.

      541       $ 23,566  

BancorpSouth, Inc.

      1,089         14,669  

Bank of America Corp.

      59,456         568,994  

Bank of Hawaii Corp.

      1,391         67,255  

Bank of New York Mellon Corp. (The)

      24,676         595,432  

Bank of the Ozarks, Inc.

      549         17,162  

BB&T Corp.

      14,551         456,756  

BOK Financial Corp.(a)

      1,004         56,505  

Capital One Financial Corp.

      1,655         92,250  

Cathay General Bancorp

      769         13,611  

Chemical Financial Corp.

      1,213         28,433  

Citigroup, Inc.

      3,428         125,293  

City Holding Co.

      747         25,936  

City National Corp.

      747         39,195  

Comerica, Inc.

      1,754         56,759  

Commerce Bancshares, Inc.

      1,717         69,573  

Community Bank System, Inc.

      1,379         39,688  

Community Trust Bancorp, Inc.

      912         29,248  

Cullen/Frost Bankers, Inc.

      1,690         98,341  

CVB Financial Corp.

      3,649         42,839  

East West Bancorp, Inc.

      1,228         28,355  

FNB Corp.

      5,757         69,545  

Fifth Third Bancorp

      17,803         250,132  

First Busey Corp.

      2,756         13,615  

First Commonwealth Financial Corp.

      1,832         11,212  

First Financial Bancorp

      3,223         55,758  

First Financial Bankshares, Inc.(a)

      814         28,661  

First Financial Corp.

      585         18,574  

FirstMerit Corp.

      4,070         68,620  

Fulton Financial Corp.

      3,778         39,669  

Glacier Bancorp, Inc.

      3,151         47,076  

Goldman Sachs Group, Inc. (The)

      5,631         700,327  

Hancock Holding Co.

      2,030         72,085  

Hudson Valley Holding Corp.

      806         13,001  

Huntington Bancshares, Inc.

      19,510         125,839  

Iberiabank Corp.

      709         37,910  

Independent Bank Corp.

      656         18,847  

International Bancshares Corp.

      1,682         35,574  

JPMorgan Chase & Co.

      91,371         4,201,239  

KeyCorp

      11,542         98,107  

M&T Bank Corp.

      3,570         310,162  

MB Financial, Inc.

      812         17,044  

Morgan Stanley

      19,849         389,834  

National Penn Bancshares, Inc.

      2,987         26,435  

NBT Bancorp, Inc.

      1,369         30,227  

Northern Trust Corp.

      5,152         244,462  

Old National Bancorp

      2,755         36,201  

PacWest Bancorp

      1,314         31,930  

Park National Corp.(a)

      938         64,881  

Penns Woods Bancorp, Inc.(a)

      429         17,538  

PNC Financial Services Group, Inc.

      9,751         628,842  

Prosperity Bancshares, Inc.

      804         36,823  

Regions Financial Corp.

      15,379         101,348  

Renasant Corp.

      1,207         19,650  

 

See Notes to Financial Statements.

 

12   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

S&T Bancorp, Inc.(a)

      841       $ 18,241  

S.Y. Bancorp, Inc.

      1,007         23,362  

State Street Corp.

      6,606         300,573  

SunTrust Banks, Inc.

      5,858         141,588  

Susquehanna Bancshares, Inc.

      2,486         24,562  

Synovus Financial Corp.(a)

      21,066         43,185  

TCF Financial Corp.(a)

      3,020         35,908  

Tompkins Financial Corp.(a)

      426         17,066  

TrustCo Bank Corp.(a)

      6,708         38,303  

Trustmark Corp.

      1,845         46,088  

U.S. Bancorp

      26,774         848,200  

UMB Financial Corp.

      1,027         45,943  

Umpqua Holdings Corp.

      2,475         33,561  

United Bankshares, Inc.(a)

      2,006         57,893  

Univest Corp. of Pennsylvania

      1,207         20,253  

Valley National Bancorp(a)

      7,600         98,420  

Washington Trust Bancorp, Inc.

      563         13,591  

Webster Financial Corp.

      947         21,468  

Wells Fargo & Co.

      72,902         2,488,874  

WesBanco, Inc.

      1,090         21,953  

Westamerica Bancorp.

      650         31,200  
     

 

 

  
Total Banks               14,789,616  
Beverages – 2.9%   

Beam, Inc.

      1,734         101,560  

Brown-Forman Corp. Class A

      811         66,064  

Brown-Forman Corp. Class B

      1,218         101,569  

Coca-Cola Co. (The)

      48,905         3,619,459  

Coca-Cola Enterprises, Inc.

      4,940         141,284  

Dr. Pepper Snapple Group, Inc.

      5,478         220,271  

Molson Coors Brewing Co. Class B

      3,663         165,751  

PepsiCo, Inc.

      38,820         2,575,707  
     

 

 

  
Total Beverages               6,991,665  
Biotechnology – 0.4%   

Amgen, Inc.

      12,278         834,781  

PDL BioPharma, Inc.

      10,622         67,450  
     

 

 

  
Total Biotechnology               902,231  
Building Materials – 0.1%   

Eagle Materials, Inc.

      620         21,545  

Lennox International, Inc.

      837         33,731  

Martin Marietta Materials, Inc.(a)

      745         63,794  

Masco Corp.

      9,475         126,681  

Simpson Manufacturing Co., Inc.

      641         20,672  
     

 

 

  
Total Building Materials               266,423  
Chemicals – 2.5%   

A. Schulman, Inc.

      453         12,240  

Air Products & Chemicals, Inc.

      4,557         418,333  

Airgas, Inc.

      1,004         89,326  

Albemarle Corp.

      1,000         63,920  

Ashland, Inc.

      837         51,107  

Cabot Corp.

      796         33,973  

Celanese Corp. Series A

      575         26,553  

CF Industries Holdings, Inc.

      565         103,197  
     

Cytec Industries, Inc.

      432       $ 26,261  

Dow Chemical Co. (The)

      35,087         1,215,414  

E.I. du Pont de Nemours & Co.

      26,823         1,418,937  

Eastman Chemical Co.

      2,898         149,798  

Ecolab, Inc.

      2,334         144,054  

FMC Corp.

      403         42,662  

H.B. Fuller Co.

      746         24,491  

Huntsman Corp.

      9,403         131,736  

Innophos Holdings, Inc.

      225         11,277  

International Flavors & Fragrances, Inc.

      1,321         77,411  

Kronos Worldwide, Inc.(a)

      3,157         78,736  

Monsanto Co.

      7,432         592,776  

Mosaic Co. (The)

      1,384         76,521  

NewMarket Corp.

      116         21,738  

Olin Corp.

      2,956         64,293  

PolyOne Corp.

      1,529         22,018  

PPG Industries, Inc.

      3,035         290,753  

Praxair, Inc.

      4,518         517,944  

RPM International, Inc.

      3,317         86,872  

Sensient Technologies Corp.

      715         27,170  

Sherwin-Williams Co. (The)

      1,401         152,247  

Sigma-Aldrich Corp.

      989         72,256  

Valhi, Inc.

      608         32,254  

Valspar Corp.

      1,177         56,837  

Westlake Chemical Corp.

      130         8,423  
     

 

 

  
Total Chemicals               6,141,528  
Coal – 0.1%   

Arch Coal, Inc.

      6,344         67,944  

Consol Energy, Inc.

      2,271         77,441  

Peabody Energy Corp.

      2,319         67,158  

Walter Energy, Inc.

      1,078         63,829  
     

 

 

  
Total Coal               276,372  
Commercial Services – 1.3%   

ABM Industries, Inc.

      1,272         30,910  

Advance America, Cash Advance Centers, Inc.

      2,758         28,931  

Automatic Data Processing, Inc.

      11,603         640,370  

Brink’s Co. (The)

      675         16,112  

Corporate Executive Board Co. (The)

      535         23,010  

Deluxe Corp.

      2,170         50,821  

DeVry, Inc.

      481         16,291  

Electro Rent Corp.

      1,178         21,687  

Equifax, Inc.

      1,774         78,517  

H&R Block, Inc.

      9,244         152,249  

Healthcare Services Group, Inc.

      2,544         54,111  

Insperity, Inc.

      678         20,774  

Intersections, Inc.

      1,410         18,020  

Iron Mountain, Inc.

      4,527         130,378  

Landauer, Inc.

      438         23,223  

Lender Processing Services, Inc.

      1,734         45,084  

Lincoln Educational Services Corp.

      1,308         10,346  

Manpower, Inc.

      1,122         53,149  

Mastercard, Inc. Class A

      164         68,968  

McGrath Rentcorp

      1,010         32,431  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      13   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Moody’s Corp.

      2,906       $ 122,343  

Paychex, Inc.

      12,270         380,247  

Quad Graphics, Inc.(a)

      1,711         23,783  

R.R. Donnelley & Sons Co.(a)

      10,061         124,656  

Rent-A-Center, Inc.

      806         30,426  

Robert Half International, Inc.

      2,420         73,326  

Rollins, Inc.

      2,030         43,198  

SEI Investments Co.

      1,362         28,180  

Service Corp. International

      3,918         44,117  

Sotheby’s

      611         24,037  

Strayer Education, Inc.(a)

      398         37,523  

Total System Services, Inc.

      2,842         65,565  

Towers Watson & Co. Class A

      283         18,698  

Visa, Inc. Class A

      3,560         420,080  

Weight Watchers International, Inc.(a)

      725         55,963  

Western Union Co. (The)

      8,726         153,578  
     

 

 

  
Total Commercial Services               3,161,102  
Computers – 1.7%   

Computer Sciences Corp.

      3,573         106,976  

Diebold, Inc.

      2,414         92,987  

DST Systems, Inc.

      429         23,265  

Hewlett-Packard Co.

      27,715         660,448  

International Business Machines Corp.

      14,504         3,026,260  

j2 Global, Inc.(a)

      1,255         35,993  

Jack Henry & Associates, Inc.

      1,111         37,907  

Lexmark International, Inc. Class A(a)

      1,665         55,345  

MTS Systems Corp.

      430         22,829  
     

 

 

  
Total Computers               4,062,010  
Cosmetics/Personal Care – 2.4%   

Avon Products, Inc.

      17,204         333,069  

Colgate-Palmolive Co.

      9,668         945,337  

Estee Lauder Cos., Inc. (The) Class A

      1,876         116,200  

Procter & Gamble Co. (The)

      68,211         4,584,461  
     

 

 

  
Total Cosmetics/Personal Care               5,979,067  
Distribution/Wholesale – 0.3%   

Fastenal Co.

      3,267         176,745  

Genuine Parts Co.

      3,777         237,007  

Owens & Minor, Inc.

      1,825         55,498  

Pool Corp.

      1,188         44,455  

United Stationers, Inc.

      704         21,845  

W.W. Grainger, Inc.

      823         176,789  

Watsco, Inc.

      854         63,230  
     

 

 

  
Total Distribution/Wholesale               775,569  
Diversified Financial Services – 1.8%      

American Express Co.

      13,709         793,203  

Ameriprise Financial, Inc.

      3,529         201,612  

Artio Global Investors, Inc.

      2,985         14,238  

BGC Partners, Inc. Class A

      9,166         67,737  

BlackRock, Inc.

      3,389         694,406  

CBOE Holdings, Inc.

      1,260         35,809  

Charles Schwab Corp. (The)

      20,844         299,528  

CME Group, Inc.

      1,151         333,019  
     

Cohen & Steers, Inc.

      1,111       $ 35,441  

Discover Financial Services

      4,203         140,128  

Eaton Vance Corp.(a)

      3,003         85,826  

Evercore Partners, Inc. Class A

      800         23,256  

Federated Investors, Inc. Class B(a)

      5,323         119,288  

Franklin Resources, Inc.

      1,752         217,301  

GFI Group, Inc.

      5,588         21,011  

Greenhill & Co., Inc.

      1,157         50,492  

Horizon Technology Finance Corp.

      946         15,713  

Interactive Brokers Group, Inc. Class A

      1,258         21,386  

Janus Capital Group, Inc.

      5,332         47,508  

Jefferies Group, Inc.

      3,630         68,389  

Legg Mason, Inc.

      1,446         40,387  

Medley Capital Corp.

      1,857         20,928  

Nelnet, Inc. Class A

      649         16,816  

NYSE Euronext

      9,309         279,363  

Raymond James Financial, Inc.

      1,839         67,179  

SLM Corp.

      10,844         170,901  

T. Rowe Price Group, Inc.

      4,611         301,098  

TD Ameritrade Holding Corp.

      6,453         127,382  

Waddell & Reed Financial, Inc. Class A

      2,035         65,954  

Walter Investment Management Corp.

      2,042         46,047  
     

 

 

  
Total Diversified Financial Services               4,421,346  
Electric – 5.8%      

ALLETE, Inc.

      1,461         60,617  

Alliant Energy Corp.

      3,523         152,616  

Ameren Corp.

      9,415         306,741  

American Electric Power Co., Inc.

      17,935         691,932  

Avista Corp.

      2,039         52,158  

Black Hills Corp.

      1,263         42,348  

Central Vermont Public Service Corp.

      496         17,459  

CH Energy Group, Inc.

      579         38,637  

Cleco Corp.

      1,447         57,374  

CMS Energy Corp.

      7,959         175,098  

Consolidated Edison, Inc.

      9,161         535,186  

Dominion Resources, Inc.

      17,084         874,872  

DTE Energy Co.

      5,925         326,053  

Duke Energy Corp.

      48,792         1,025,120  

Edison International

      8,368         355,724  

Entergy Corp.

      6,355         427,056  

Exelon Corp.

      28,606         1,121,641  

FirstEnergy Corp.

      16,021         730,397  

Great Plains Energy, Inc.

      4,408         89,350  

Hawaiian Electric Industries, Inc.

      3,692         93,592  

IDACORP, Inc.

      1,204         49,508  

Integrys Energy Group, Inc.

      3,255         172,482  

ITC Holdings Corp.

      821         63,168  

MDU Resources Group, Inc.

      4,605         103,106  

MGE Energy, Inc.

      770         34,180  

National Fuel Gas Co.

      1,734         83,440  

NextEra Energy, Inc.

      12,518         764,599  

Northeast Utilities

      4,317         160,247  

NorthWestern Corp.

      1,410         49,999  

NSTAR

      2,924         142,194  

 

See Notes to Financial Statements.

 

14   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

NV Energy, Inc.

      6,414       $ 103,394  

OGE Energy Corp.

      2,189         117,112  

Otter Tail Corp.(a)

      1,377         29,881  

Pepco Holdings, Inc.

      9,793         184,990  

PG&E Corp.

      13,703         594,847  

Pinnacle West Capital Corp.

      3,890         186,331  

PNM Resources, Inc.

      2,031         37,167  

Portland General Electric Co.

      2,813         70,269  

PPL Corp.

      21,569         609,540  

Progress Energy, Inc.

      10,295         546,767  

Public Service Enterprise Group, Inc.

      17,090         523,125  

SCANA Corp.(a)

      4,387         200,091  

Southern Co. (The)

      28,153         1,264,914  

TECO Energy, Inc.

      7,926         139,101  

UIL Holdings Corp.

      2,181         75,812  

Unisource Energy Corp.

      1,211         44,286  

Unitil Corp.

      681         18,271  

Westar Energy, Inc.

      4,383         122,417  

Wisconsin Energy Corp.

      5,410         190,324  

Xcel Energy, Inc.

      15,140         400,756  
     

 

 

  
Total Electric               14,256,289  
Electrical Components & Equipment – 0.5%      

Acuity Brands, Inc.

      534         33,551  

AMETEK, Inc.

      940         45,599  

Emerson Electric Co.

      18,732         977,436  

Hubbell, Inc. Class B

      1,188         93,353  

Littelfuse, Inc.

      400         25,080  

Molex, Inc.

      2,016         56,690  

Molex, Inc. Class A

      3,409         79,941  
     

 

 

  
Total Electrical Components & Equipment               1,311,650  
Electronics – 0.6%      

American Science & Engineering, Inc.

      266         17,835  

Amphenol Corp. Class A

      1,156         69,094  

AVX Corp.

      2,353         31,201  

Brady Corp. Class A

      1,119         36,200  

FLIR Systems, Inc.

      1,030         26,069  

Gentex Corp.

      2,057         50,397  

Honeywell International, Inc.

      16,885         1,030,829  

Jabil Circuit, Inc.

      2,746         68,980  

National Instruments Corp.

      1,909         54,445  

PerkinElmer, Inc.

      1,579         43,675  

Woodward, Inc.

      398         17,046  
     

 

 

  
Total Electronics               1,445,771  
Energy-Alternate Sources – 0.0%      

FutureFuel Corp.

      1,369         15,032  
Engineering & Construction – 0.1%      

Fluor Corp.

      1,362         81,774  

Granite Construction, Inc.

      570         16,382  

KBR, Inc.

      1,249         44,402  
     

 

 

  
Total Engineering & Construction               142,558  
Entertainment – 0.1%      

Cinemark Holdings, Inc.

      4,462         97,941  
     

International Game Technology

      3,468       $ 58,228  

National CineMedia, Inc.

      3,477         53,198  

Regal Entertainment Group Class A(a)

      6,871         93,446  

Speedway Motorsports, Inc.

      1,321         24,676  

Vail Resorts, Inc.

      485         20,976  
     

 

 

  
Total Entertainment               348,465  
Environmental Control – 0.4%      

Covanta Holding Corp.

      2,547         41,338  

Mine Safety Appliances Co.

      1,111         45,640  

Republic Services, Inc.

      8,728         266,728  

U.S. Ecology, Inc.

      745         16,196  

Waste Connections, Inc.

      788         25,634  

Waste Management, Inc.

      14,991         524,085  
     

 

 

  
Total Environmental Control               919,621  
Food – 2.5%      

B&G Foods, Inc.

      1,828         41,148  

Campbell Soup Co.

      8,796         297,745  

ConAgra Foods, Inc.

      12,195         320,241  

Corn Products International, Inc.

      928         53,499  

Flowers Foods, Inc.

      3,847         78,363  

General Mills, Inc.

      15,176         598,693  

H.J. Heinz Co.

      8,965         480,076  

Harris Teeter Supermarkets, Inc.

      805         32,280  

Hershey Co. (The)

      3,007         184,419  

Hormel Foods Corp.

      4,266         125,932  

J.M. Smucker Co. (The)

      2,190         178,178  

Kellogg Co.

      9,825         526,915  

Kraft Foods, Inc. Class A

      42,874         1,629,641  

Kroger Co. (The)

      9,151         221,729  

Lancaster Colony Corp.

      549         36,487  

McCormick & Co., Inc.

      2,348         127,802  

Safeway, Inc.(a)

      7,656         154,728  

Sanderson Farms, Inc.(a)

      318         16,863  

Sara Lee Corp.

      11,820         254,485  

Snyders-Lance, Inc.

      1,768         45,703  

SUPERVALU, Inc.(a)

      8,871         50,653  

Sysco Corp.

      16,744         499,976  

Tyson Foods, Inc. Class A

      1,918         36,730  

Weis Markets, Inc.

      853         37,191  

Whole Foods Market, Inc.

      1,112         92,518  
     

 

 

  
Total Food               6,121,995  
Forest Products & Paper – 0.2%      

International Paper Co.

      12,404         435,380  

MeadWestvaco Corp.

      4,233         133,721  

PH Glatfelter Co.

      1,098         17,326  
     

 

 

  
Total Forest Products & Paper               586,427  
Gas – 0.7%      

AGL Resources, Inc.

      2,779         108,992  

Atmos Energy Corp.

      2,621         82,457  

CenterPoint Energy, Inc.

      13,886         273,832  

Chesapeake Utilities Corp.

      162         6,661  

Laclede Group, Inc. (The)

      907         35,391  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      15   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

New Jersey Resources Corp.

      1,100       $ 49,027  

NiSource, Inc.

      8,588         209,118  

Northwest Natural Gas Co.

      720         32,688  

Piedmont Natural Gas Co., Inc.(a)

      2,114         65,682  

Questar Corp.

      4,580         88,211  

Sempra Energy

      6,036         361,919  

South Jersey Industries, Inc.

      752         37,630  

Southwest Gas Corp.

      848         36,244  

UGI Corp.

      3,354         91,396  

Vectren Corp.

      3,188         92,643  

WGL Holdings, Inc.

      1,566         63,736  
     

 

 

  
Total Gas               1,635,627  
Hand/Machine Tools – 0.2%      

Kennametal, Inc.

      1,278         56,909  

Lincoln Electric Holdings, Inc.

      1,458         66,077  

Regal-Beloit Corp.

      553         36,249  

Snap-On, Inc.

      1,248         76,091  

Stanley Black & Decker, Inc.

      3,368         259,201  
     

 

 

  
Total Hand/Machine Tools               494,527  
Healthcare-Products – 1.1%      

Baxter International, Inc.

      11,885         710,485  

Becton Dickinson and Co.

      4,113         319,374  

C.R. Bard, Inc.

      623         61,503  

DENTSPLY International, Inc.

      752         30,178  

Hill-Rom Holdings, Inc.

      800         26,728  

Medtronic, Inc.

      22,116         866,726  

Meridian Bioscience, Inc.

      1,726         33,450  

Patterson Cos., Inc.

      1,217         40,648  

St. Jude Medical, Inc.

      5,602         248,225  

STERIS Corp.

      737         23,304  

Stryker Corp.

      4,442         246,442  

Techne Corp.

      536         37,574  

Teleflex, Inc.

      822         50,265  

West Pharmaceutical Services, Inc.

      461         19,606  
     

 

 

  
Total Healthcare-Products               2,714,508  
Healthcare-Services – 0.6%      

Aetna, Inc.

      3,884         194,821  

Humana, Inc.

      1,384         127,992  

Lincare Holdings, Inc.

      2,321         60,067  

National Healthcare Corp.

      419         19,090  

Quest Diagnostics, Inc.

      1,219         74,542  

UnitedHealth Group, Inc.

      11,205         660,423  

WellPoint, Inc.

      3,820         281,916  
     

 

 

  
Total Healthcare-Services               1,418,851  
Holding Companies-Diversified – 0.0%      

Leucadia National Corp.

      1,921         50,138  
Home Builders – 0.1%      

D.R. Horton, Inc.

      4,035         61,211  

KB Home(a)

      3,254         28,961  

Lennar Corp. Class A(a)

      1,557         42,319  

MDC Holdings, Inc.

      1,648         42,502  

Ryland Group, Inc. (The)

      832         16,041  
     

Thor Industries, Inc.

      1,298       $ 40,965  
     

 

 

  
Total Home Builders               231,999  
Home Furnishings – 0.1%      

Harman International Industries, Inc.

      470         22,001  

Whirlpool Corp.

      2,426         186,462  
     

 

 

  
Total Home Furnishings               208,463  
Household Products/Wares – 0.6%      

American Greetings Corp. Class A

      538         8,253  

Avery Dennison Corp.

      2,976         89,667  

Church & Dwight Co., Inc.

      1,558         76,638  

Clorox Co. (The)

      3,730         256,437  

Ennis, Inc.

      1,275         20,171  

Kimberly-Clark Corp.

      12,154         898,059  

Scotts Miracle-Gro Co. (The) Class A(a)

      1,286         69,650  

Tupperware Brands Corp.

      1,028         65,278  

WD-40 Co.

      744         33,740  
     

 

 

  
Total Household Products/Wares               1,517,893  
Housewares – 0.0%      

Newell Rubbermaid, Inc.

      4,611         82,122  

Toro Co. (The)

      540         38,399  
     

 

 

  
Total Housewares               120,521  
Insurance – 2.6%      

Aflac, Inc.

      11,269         518,261  

Allstate Corp. (The)

      12,198         401,558  

American Financial Group, Inc.

      1,569         60,532  

American National Insurance Co.

      1,030         74,696  

AmTrust Financial Services, Inc.

      947         25,455  

Arthur J. Gallagher & Co.

      3,599         128,628  

Assurant, Inc.

      1,379         55,850  

Baldwin & Lyons, Inc. Class B

      752         16,830  

Brown & Brown, Inc.

      1,845         43,874  

Chubb Corp. (The)

      5,059         349,628  

Cincinnati Financial Corp.

      6,736         232,459  

CNA Financial Corp.

      2,870         84,177  

Delphi Financial Group, Inc. Class A

      725         32,458  

Donegal Group, Inc. Class A

      1,026         14,025  

Erie Indemnity Co. Class A

      1,042         81,214  

Fidelity National Financial, Inc. Class A

      5,616         101,257  

First American Financial Corp.

      156         2,594  

Hanover Insurance Group, Inc. (The)

      1,336         54,936  

Harleysville Group, Inc.

      680         39,236  

Hartford Financial Services Group, Inc.

      7,886         166,237  

HCC Insurance Holdings, Inc.

      2,243         69,914  

Horace Mann Educators Corp.

      1,364         24,034  

Kemper Corp.

      2,204         66,737  

Life Partners Holdings, Inc.

      863         3,512  

Lincoln National Corp.

      3,765         99,245  

Loews Corp.

      2,057         82,013  

Marsh & McLennan Cos., Inc.

      11,904         390,332  

Mercury General Corp.

      2,315         101,258  

MetLife, Inc.

      19,377         723,731  

Old Republic International Corp.

      14,783         155,961  

 

See Notes to Financial Statements.

 

16   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Principal Financial Group, Inc.

      6,731       $ 198,632  

ProAssurance Corp.

      292         25,728  

Progressive Corp. (The)

      9,787         226,863  

Protective Life Corp.

      2,132         63,150  

Prudential Financial, Inc.

      10,865         688,732  

Reinsurance Group of America, Inc.

      829         49,301  

RLI Corp.(a)

      489         35,032  

Safety Insurance Group, Inc.

      745         31,022  

Selective Insurance Group, Inc.

      2,205         38,830  

StanCorp Financial Group, Inc.

      1,112         45,525  

State Auto Financial Corp.

      1,904         27,818  

Symetra Financial Corp.

      2,944         33,944  

Torchmark Corp.

      913         45,513  

Tower Group, Inc.

      1,359         30,482  

Travelers Cos., Inc. (The)

      9,290         549,968  

United Fire Group, Inc.

      843         15,081  

Universal Insurance Holdings, Inc.

      2,989         11,627  

Unum Group

      4,499         110,136  

W.R. Berkley Corp.

      1,047         37,818  
     

 

 

  
Total Insurance               6,465,844  
Internet – 0.1%   

Earthlink, Inc.

      3,922         31,337  

Expedia, Inc.(a)

      1,069         35,747  

IAC/InterActiveCorp

      678         33,283  

Nutrisystem, Inc.

      1,642         18,440  

United Online, Inc.

      4,426         21,643  
     

 

 

  
Total Internet               140,450  
Investment Companies – 0.5%   

Apollo Investment Corp.

      26,717         191,561  

Ares Capital Corp.(a)

      15,128         247,343  

Arlington Asset Investment Corp. Class A

      1,136         25,219  

BlackRock Kelso Capital Corp.

      7,531         73,954  

Fifth Street Finance Corp.(a)

      7,798         76,108  

Gladstone Capital Corp.

      2,667         21,629  

Golub Capital BDC, Inc.

      1,195         18,248  

Kohlberg Capital Corp.

      2,599         17,959  

Main Street Capital Corp.

      1,924         47,388  

MCG Capital Corp.

      10,733         45,615  

MVC Capital, Inc.

      743         9,756  

NGP Capital Resources Co.

      1,523         9,976  

PennantPark Investment Corp.

      4,153         43,191  

Prospect Capital Corp.

      11,514         126,424  

Solar Capital Ltd.

      2,770         61,134  

THL Credit, Inc.

      1,874         24,100  

TICC Capital Corp.

      3,586         34,928  

Triangle Capital Corp.(a)

      2,012         39,737  
     

 

 

  
Total Investment Companies               1,114,270  
Iron/Steel – 0.4%   

AK Steel Holding Corp.(a)

      5,872         44,392  

Allegheny Technologies, Inc.

      1,593         65,584  

Carpenter Technology Corp.

      280         14,624  

Cliffs Natural Resources, Inc.

      2,182         151,125  

Commercial Metals Co.

      2,919         43,260  
     

Nucor Corp.

      9,361       $ 402,055  

Reliance Steel & Aluminum Co.

      379         21,406  

Steel Dynamics, Inc.

      5,378         78,196  

United States Steel Corp.(a)

      2,038         59,856  
     

 

 

  
Total Iron/Steel               880,498  
Leisure Time – 0.1%   

Callaway Golf Co.(a)

      2,471         16,704  

Harley-Davidson, Inc.

      2,583         126,774  

Polaris Industries, Inc.

      864         62,337  
     

 

 

  
Total Leisure Time               205,815  
Lodging – 0.3%   

Ameristar Casinos, Inc.

      892         16,618  

Choice Hotels International, Inc.

      1,260         47,049  

Marriott International, Inc. Class A

      3,858         146,025  

Starwood Hotels & Resorts Worldwide, Inc.

      1,796         101,312  

Wyndham Worldwide Corp.

      2,274         105,764  

Wynn Resorts Ltd.

      1,816         226,782  
     

 

 

  
Total Lodging               643,550  
Machinery-Construction & Mining – 0.5%   

Caterpillar, Inc.

      10,853         1,156,062  

Joy Global, Inc.

      815         59,902  
     

 

 

  
Total Machinery-Construction & Mining               1,215,964  
Machinery-Diversified – 0.6%   

Albany International Corp. Class A

      678         15,560  

Applied Industrial Technologies, Inc.

      1,184         48,698  

Briggs & Stratton Corp.

      647         11,601  

Cognex Corp.

      653         27,661  

Cummins, Inc.

      3,033         364,081  

Deere & Co.

      7,002         566,462  

Flowserve Corp.

      558         64,455  

Graco, Inc.

      1,068         56,668  

IDEX Corp.

      1,280         53,926  

NACCO Industries, Inc. Class A

      194         22,576  

Nordson Corp.

      726         39,574  

Rockwell Automation, Inc.

      2,479         197,576  

Roper Industries, Inc.

      404         40,061  
     

 

 

  
Total Machinery-Diversified               1,508,899  
Media – 2.3%   

Belo Corp. Class A

      3,355         24,055  

Cablevision Systems Corp. Class A

      7,130         104,668  

CBS Corp. Class A

      1,063         36,376  

CBS Corp. Class B

      7,325         248,391  

Comcast Corp. Class A

      30,572         917,466  

Comcast Corp. Special Class A

      9,393         277,187  

Courier Corp.

      1,318         15,289  

Factset Research Systems, Inc.(a)

      471         46,648  

Gannett Co., Inc.

      4,499         68,970  

John Wiley & Sons, Inc. Class A

      633         30,125  

McGraw-Hill Cos., Inc. (The)

      5,494         266,294  

Meredith Corp.(a)

      1,517         49,242  

News Corp. Class A

      14,593         287,336  

News Corp. Class B

      6,682         133,506  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      17   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Scripps Networks Interactive, Inc. Class A

      835       $ 40,656  

Sinclair Broadcast Group, Inc. Class A

      2,219         24,542  

Time Warner Cable, Inc.

      7,417         604,486  

Time Warner, Inc.

      21,509         811,965  

Viacom, Inc. Class A

      833         43,291  

Viacom, Inc. Class B

      8,864         420,685  

Walt Disney Co. (The)

      22,605         989,647  

Washington Post Co. (The) Class B(a)

      165         61,639  

World Wrestling Entertainment, Inc. Class A(a)

      2,863         25,395  
     

 

 

  
Total Media               5,527,859  
Metal Fabricate/Hardware – 0.1%   

Kaydon Corp.

      629         16,046  

Mueller Industries, Inc.

      445         20,225  

Timken Co. (The)

      1,401         71,087  

Worthington Industries, Inc.

      1,151         22,076  
     

 

 

  
Total Metal Fabricate/Hardware               129,434  
Mining – 1.4%   

Alcoa, Inc.

      12,917         129,428  

AMCOL International Corp.

      738         21,764  

Compass Minerals International, Inc.

      565         40,533  

Freeport-McMoRan Copper & Gold, Inc.

      19,632         746,801  

Globe Specialty Metals, Inc.

      1,232         18,320  

Gold Resource Corp.

      1,282         31,165  

Hecla Mining Co.(a)

      3,692         17,057  

Kaiser Aluminum Corp.(a)

      183         8,649  

Newmont Mining Corp.

      8,068         413,646  

Royal Gold, Inc.

      213         13,892  

Southern Copper Corp.

      61,880         1,962,215  

Titanium Metals Corp.

      2,614         35,446  

Vulcan Materials Co.

      263         11,238  
     

 

 

  
Total Mining               3,450,154  
Miscellaneous Manufacturing – 3.9%   

3M Co.

      15,383         1,372,317  

A.O. Smith Corp.

      294         13,215  

Aptargroup, Inc.

      818         44,802  

Barnes Group, Inc.

      1,183         31,125  

Carlisle Cos., Inc.

      1,106         55,212  

CLARCOR, Inc.

      641         31,467  

Crane Co.

      1,110         53,835  

Danaher Corp.

      1,110         62,160  

Donaldson Co., Inc.

      1,066         38,088  

Dover Corp.

      3,172         199,646  

Eaton Corp.

      8,228         410,001  

General Electric Co.

      287,546         5,771,048  

Harsco Corp.

      2,762         64,797  

Hillenbrand, Inc.

      2,133         48,952  

Illinois Tool Works, Inc.

      11,768         672,188  

ITT Corp.

      1,477         33,882  

Koppers Holdings, Inc.

      649         25,025  

Leggett & Platt, Inc.(a)

      5,686         130,835  

NL Industries, Inc.

      2,722         40,558  

Pall Corp.

      1,119         66,726  

Parker Hannifin Corp.

      2,267         191,675  
     

Pentair, Inc.

      1,868       $ 88,936  

SPX Corp.

      749         58,070  

Textron, Inc.

      1,477         41,105  

Trinity Industries, Inc.

      1,259         41,484  
     

 

 

  
Total Miscellaneous Manufacturing               9,587,149  
Office Furnishings – 0.0%   

HNI Corp.

      1,179         32,717  

Knoll, Inc.

      1,371         22,813  

Steelcase, Inc. Class A

      3,013         28,925  
     

 

 

  
Total Office Furnishings               84,455  
Office/Business Equipment – 0.2%   

Pitney Bowes, Inc.(a)

      12,280         215,882  

Xerox Corp.

      22,943         185,380  
     

 

 

  
Total Office/Business Equipment               401,262  
Oil & Gas – 8.2%   

Anadarko Petroleum Corp.

      2,035         159,422  

Apache Corp.

      2,202         221,169  

Berry Petroleum Co. Class A

      480         22,622  

Chesapeake Energy Corp.

      7,704         178,502  

Chevron Corp.

      49,322         5,289,291  

Cimarex Energy Co.

      348         26,264  

ConocoPhillips

      39,509         3,003,079  

Devon Energy Corp.

      3,322         236,261  

Diamond Offshore Drilling, Inc.(a)

      763         50,930  

Energen Corp.

      366         17,989  

EOG Resources, Inc.

      1,508         167,539  

EQT Corp.

      1,928         92,949  

EXCO Resources, Inc.(a)

      2,668         17,689  

Exxon Mobil Corp.

      87,284         7,570,141  

Helmerich & Payne, Inc.

      350         18,883  

Hess Corp.

      1,931         113,832  

HollyFrontier Corp.

      2,351         75,585  

Marathon Oil Corp.

      11,395         361,221  

Marathon Petroleum Corp.

      8,238         357,200  

Murphy Oil Corp.

      3,102         174,550  

Noble Energy, Inc.

      1,457         142,465  

Occidental Petroleum Corp.

      12,928         1,231,133  

Patterson-UTI Energy, Inc.

      1,813         31,347  

Pioneer Natural Resources Co.

      2         223  

Range Resources Corp.

      348         20,233  

Sunoco, Inc.

      1,316         50,205  

Valero Energy Corp.

      12,043         310,348  
     

 

 

  
Total Oil & Gas               19,941,072  
Oil & Gas Services – 0.3%   

Baker Hughes, Inc.

      4,329         181,558  

CARBO Ceramics, Inc.(a)

      132         13,920  

Halliburton Co.

      8,344         276,937  

National Oilwell Varco, Inc.

      2,513         199,708  

Oceaneering International, Inc.

      1,028         55,399  

RPC, Inc.(a)

      4,013         42,578  

Targa Resources Corp.

      1,102         50,086  
     

 

 

  
Total Oil & Gas Services               820,186  

 

See Notes to Financial Statements.

 

18   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Packaging & Containers – 0.2%   

Ball Corp.

      1,180       $ 50,598  

Bemis Co., Inc.

      2,298         74,203  

Greif, Inc. Class A

      849         47,476  

Greif, Inc. Class B

      984         55,862  

Packaging Corp. of America

      2,475         73,235  

Rock-Tenn Co. Class A

      740         49,994  

Sealed Air Corp.

      4,465         86,219  

Silgan Holdings, Inc.

      714         31,559  

Sonoco Products Co.

      2,861         94,985  
     

 

 

  
Total Packaging & Containers               564,131  
Pharmaceuticals – 8.7%   

Abbott Laboratories

      42,323         2,593,977  

Allergan, Inc.

      579         55,254  

AmerisourceBergen Corp.

      2,908         115,389  

Bristol-Myers Squibb Co.

      51,033         1,722,364  

Cardinal Health, Inc.

      5,724         246,762  

Eli Lilly & Co.

      43,619         1,756,537  

Johnson & Johnson

      75,621         4,987,961  

McKesson Corp.

      2,005         175,979  

Mead Johnson Nutrition Co.

      2,229         183,848  

Medicis Pharmaceutical Corp. Class A

      573         21,539  

Merck & Co., Inc.

      109,529         4,205,914  

Perrigo Co.

      263         27,170  

Pfizer, Inc.

      225,122         5,101,264  
     

 

 

  
Total Pharmaceuticals               21,193,958  
Pipelines – 0.8%      

Crosstex Energy, Inc.

      1,512         21,380  

El Paso Corp.

      1,116         32,978  

Kinder Morgan, Inc.(a)

      20,904         807,939  

ONEOK, Inc.

      2,214         180,795  

Spectra Energy Corp.

      18,893         596,074  

Williams Cos., Inc. (The)

      14,328         441,446  
     

 

 

  
Total Pipelines               2,080,612  
Private Equity – 0.0%      

Hercules Technology Growth Capital, Inc.

      3,449         38,215  
Real Estate – 0.0%      

Sovran Self Storage, Inc.

      1,140         56,806  
Real Estate Investment Trusts (REITs) – 5.4%      

Acadia Realty Trust

      1,823         41,090  

Agree Realty Corp.

      773         17,454  

Alexander’s, Inc.

      147         57,900  

Alexandria Real Estate Equities, Inc.

      1,353         98,945  

American Assets Trust, Inc.

      1,432         32,650  

American Campus Communities, Inc.

      1,937         86,623  

Apartment Investment & Management Co. Class A

      1,930         50,971  

Ashford Hospitality Trust, Inc.

      3,159         28,463  

Associated Estates Realty Corp.

      1,281         20,932  

AvalonBay Communities, Inc.

      2,120         299,662  

BioMed Realty Trust, Inc.

      5,380         102,112  

Boston Properties, Inc.

      2,482         260,585  

Brandywine Realty Trust

      7,898         90,669  
     

BRE Properties, Inc.

      1,832       $ 92,608  

Camden Property Trust

      1,906         125,320  

Campus Crest Communities, Inc.

      1,936         22,574  

CapLease, Inc.

      2,187         8,814  

CBL & Associates Properties, Inc.

      6,437         121,788  

Cedar Realty Trust, Inc.

      2,289         11,720  

Chesapeake Lodging Trust

      723         12,992  

Cogdell Spencer, Inc.

      5,410         22,938  

Colonial Properties Trust

      1,627         35,355  

CommonWealth REIT

      7,887         146,856  

Corporate Office Properties Trust

      4,386         101,799  

Cousins Properties, Inc.

      2,416         18,313  

CubeSmart

      2,982         35,486  

DCT Industrial Trust, Inc.

      11,544         68,110  

DDR Corp.

      5,667         82,738  

DiamondRock Hospitality Co.

      4,783         49,217  

Digital Realty Trust, Inc.(a)

      3,378         249,871  

Douglas Emmett, Inc.

      2,766         63,092  

Duke Realty Corp.

      12,645         181,329  

DuPont Fabros Technology, Inc.

      890         21,761  

EastGroup Properties, Inc.

      863         43,340  

Education Realty Trust, Inc.

      2,757         29,886  

Entertainment Properties Trust

      2,477         114,883  

Equity Lifestyle Properties, Inc.

      656         45,749  

Equity One, Inc.

      4,213         85,187  

Equity Residential

      5,643         353,365  

Essex Property Trust, Inc.

      827         125,299  

Excel Trust, Inc.

      1,615         19,509  

Extra Space Storage, Inc.

      1,396         40,191  

Federal Realty Investment Trust

      1,514         146,540  

First Potomac Realty Trust

      2,375         28,714  

Franklin Street Properties Corp.

      3,078         32,627  

General Growth Properties, Inc.

      18,700         317,713  

Gladstone Commercial Corp.

      1,140         19,619  

Glimcher Realty Trust

      4,829         49,352  

Government Properties Income Trust

      2,955         71,245  

HCP, Inc.

      15,122         596,714  

Health Care REIT, Inc.

      8,107         445,561  

Healthcare Realty Trust, Inc.

      4,358         95,876  

Hersha Hospitality Trust

      6,150         33,579  

Highwoods Properties, Inc.

      3,067         102,192  

Home Properties, Inc.

      1,735         105,852  

Hospitality Properties Trust

      7,479         197,969  

Host Hotels & Resorts, Inc.

      5,779         94,891  

Hudson Pacific Properties, Inc.

      1,304         19,730  

Inland Real Estate Corp.

      5,680         50,382  

Investors Real Estate Trust

      4,827         37,120  

Kilroy Realty Corp.

      1,835         85,529  

Kimco Realty Corp.

      15,535         299,204  

Kite Realty Group Trust

      3,861         20,347  

LaSalle Hotel Properties

      837         23,553  

Lexington Realty Trust

      7,685         69,088  

Liberty Property Trust

      5,585         199,496  

LTC Properties, Inc.

      1,200         38,400  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      19   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Macerich Co. (The)

      4,615       $ 266,516  

Mack-Cali Realty Corp.

      4,748         136,837  

Medical Properties Trust, Inc.

      6,335         58,789  

Mid-America Apartment Communities, Inc.

      1,176         78,827  

Mission West Properties, Inc.

      2,174         21,436  

Monmouth Real Estate Investment Corp. Class A

      2,695         26,249  

National Health Investors, Inc.

      1,463         71,365  

National Retail Properties, Inc.

      4,518         122,844  

Omega Healthcare Investors, Inc.

      6,824         145,078  

One Liberty Properties, Inc.

      738         13,505  

Parkway Properties, Inc.

      1,293         13,551  

Pebblebrook Hotel Trust

      1,243         28,067  

Pennsylvania Real Estate Investment Trust

      2,693         41,122  

Piedmont Office Realty Trust, Inc. Class A

      10,042         178,246  

Plum Creek Timber Co., Inc.

      6,219         258,462  

Post Properties, Inc.

      926         43,392  

Potlatch Corp.(a)

      1,914         59,985  

ProLogis, Inc.

      14,469         521,173  

PS Business Parks, Inc.

      466         30,542  

Public Storage

      3,960         547,153  

Ramco-Gershenson Properties Trust

      1,375         16,803  

Rayonier, Inc.

      3,751         165,382  

Realty Income Corp.

      5,117         198,181  

Regency Centers Corp.

      3,527         156,881  

Retail Opportunity Investments Corp.

      1,727         20,793  

RLJ Lodging Trust

      3,064         57,082  

Sabra Health Care REIT, Inc.

      3,571         58,707  

Saul Centers, Inc.

      709         28,615  

Senior Housing Properties Trust

      8,736         192,629  

Simon Property Group, Inc.

      6,611         963,090  

SL Green Realty Corp.

      432         33,502  

STAG Industrial, Inc.

      1,524         21,275  

Sun Communities, Inc.

      1,011         43,807  

Tanger Factory Outlet Centers

      2,016         59,936  

Taubman Centers, Inc.

      1,348         98,337  

UDR, Inc.

      5,834         155,826  

Universal Health Realty Income Trust

      386         15,297  

Urstadt Biddle Properties, Inc. Class A

      641         12,653  

Ventas, Inc.

      7,809         445,894  

Vornado Realty Trust

      5,383         453,249  

Washington Real Estate Investment Trust

      3,011         89,427  

Weingarten Realty Investors

      4,944         130,670  

Weyerhaeuser Co.

      13,978         306,398  

Winthrop Realty Trust

      2,254         26,124  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               13,113,136  
Retail – 6.3%      

Abercrombie & Fitch Co. Class A

      1,157         57,399  

Advance Auto Parts, Inc.

      219         19,397  

American Eagle Outfitters, Inc.

      4,063         69,843  

Best Buy Co., Inc.

      7,377         174,687  

Bob Evans Farms, Inc.

      825         31,119  

Brinker International, Inc.

      1,788         49,259  

Buckle, Inc. (The)

      1,065         51,013  

Casey’s General Stores, Inc.

      270         14,974  
     

Cato Corp. (The) Class A

      1,205       $ 33,306  

CEC Entertainment, Inc.

      525         19,903  

Chico’s FAS, Inc.

      1,627         24,568  

Costco Wholesale Corp.

      3,868         351,214  

Cracker Barrel Old Country Store, Inc.

      495         27,621  

CVS Caremark Corp.

      13,242         593,242  

Darden Restaurants, Inc.

      3,929         201,008  

Dick’s Sporting Goods, Inc.

      997         47,936  

DSW, Inc. Class A

      429         23,496  

Family Dollar Stores, Inc.

      1,161         73,468  

Foot Locker, Inc.

      3,434         106,626  

Gap, Inc. (The)

      9,658         252,460  

Guess?, Inc.

      2,030         63,437  

Home Depot, Inc. (The)

      35,018         1,761,756  

Hot Topic, Inc.

      1,915         19,437  

HSN, Inc.

      638         24,263  

J.C. Penney Co., Inc.

      4,092         144,980  

Kohl’s Corp.

      3,857         192,966  

Lowe’s Cos., Inc.

      21,804         684,210  

Ltd. Brands, Inc.

      4,788         229,824  

Macy’s, Inc.

      4,241         168,495  

McDonald’s Corp.

      22,778         2,234,522  

Men’s Wearhouse, Inc. (The)

      826         32,024  

MSC Industrial Direct Co. Class A

      640         53,299  

Nordstrom, Inc.

      3,184         177,412  

Penske Automotive Group, Inc.

      1,451         35,738  

PetSmart, Inc.

      1,020         58,364  

PF Chang’s China Bistro, Inc.

      670         26,478  

RadioShack Corp.(a)

      4,159         25,869  

Regis Corp.

      942         17,361  

Ross Stores, Inc.

      1,806         104,929  

Staples, Inc.

      14,485         234,367  

Starbucks Corp.

      9,018         504,016  

Target Corp.

      11,554         673,252  

Texas Roadhouse, Inc.

      1,496         24,893  

Tiffany & Co.

      1,669         115,378  

TJX Cos., Inc.

      7,267         288,573  

Tractor Supply Co.

      337         30,519  

Walgreen Co.

      17,800         596,122  

Wal-Mart Stores, Inc.

      66,684         4,081,061  

Wendy’s Co. (The)

      5,409         27,099  

Williams-Sonoma, Inc.

      1,468         55,021  

Yum! Brands, Inc.

      7,050         501,819  
     

 

 

  
Total Retail               15,410,023  
Savings & Loans – 0.5%      

Astoria Financial Corp.

      4,140         40,820  

BankUnited, Inc.

      1,805         45,125  

Berkshire Hills Bancorp, Inc.

      756         17,328  

Brookline Bancorp, Inc.

      2,488         23,313  

Capitol Federal Financial, Inc.

      4,133         49,017  

Dime Community Bancshares, Inc.

      1,736         25,363  

First Niagara Financial Group, Inc.

      16,403         161,406  

Flushing Financial Corp.

      1,357         18,265  

Hudson City Bancorp, Inc.

      20,433         149,365  

 

See Notes to Financial Statements.

 

20   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

New York Community Bancorp, Inc.(a)

      27,403       $ 381,176  

Northwest Bancshares, Inc.

      3,569         45,326  

OceanFirst Financial Corp.

      1,854         26,401  

Oritani Financial Corp.

      2,482         36,436  

People’s United Financial, Inc.

      13,971         184,976  

Provident Financial Services, Inc.

      2,193         31,864  

Roma Financial Corp.

      1,840         18,014  

Washington Federal, Inc.

      1,631         27,433  
     

 

 

  
Total Savings & Loans               1,281,628  
Semiconductors – 3.3%      

Altera Corp.

      2,089         83,184  

Analog Devices, Inc.

      6,680         269,872  

Applied Materials, Inc.

      30,736         382,356  

Brooks Automation, Inc.

      4,059         50,047  

Intel Corp.

      140,406         3,946,813  

Intersil Corp. Class A

      4,105         45,976  

KLA-Tencor Corp.

      3,796         206,578  

Linear Technology Corp.

      5,499         185,316  

Maxim Integrated Products, Inc.

      7,879         225,261  

Microchip Technology, Inc.(a)

      5,689         211,631  

MKS Instruments, Inc.

      1,060         31,302  

QUALCOMM, Inc.

      21,338         1,451,411  

Texas Instruments, Inc.

      20,628         693,307  

Xilinx, Inc.

      4,887         178,033  
     

 

 

  
Total Semiconductors               7,961,087  
Software – 3.3%      

Activision Blizzard, Inc.

      12,680         162,558  

American Software, Inc. Class A

      2,675         22,952  

Blackbaud, Inc.

      1,187         39,444  

Broadridge Financial Solutions, Inc.

      2,869         68,598  

CA, Inc.

      3,129         86,235  

Computer Programs & Systems, Inc.

      535         30,238  

Dun & Bradstreet Corp. (The)

      628         53,210  

Fidelity National Information Services, Inc.

      2,108         69,817  

Intuit, Inc.

      2,408         144,793  

ManTech International Corp. Class A

      617         21,262  

Microsoft Corp.

      198,384         6,397,884  

Oracle Corp.

      30,596         892,179  

Quality Systems, Inc.

      706         30,873  

Solera Holdings, Inc.

      481         22,073  
     

 

 

  
Total Software               8,042,116  
Telecommunications – 7.1%      

ADTRAN, Inc.

      828         25,825  

Alaska Communications Systems Group, Inc.

      7,515         23,146  

AT&T, Inc.

      269,676         8,421,982  

Atlantic Tele-Network, Inc.

      401         14,580  

CenturyLink, Inc.

      37,562         1,451,771  

Cisco Systems, Inc.

      52,382         1,107,879  

Comtech Telecommunications Corp.

      647         21,079  

Consolidated Communications Holdings, Inc.

      2,644         51,902  

Corning, Inc.

      28,114         395,845  

Frontier Communications Corp.(a)

      112,136         467,607  

Harris Corp.

      2,835         127,802  
     

IDT Corp. Class B

      1,995       $ 18,633  

InterDigital, Inc.

      458         15,966  

Motorola Solutions, Inc.

      4,335         220,348  

NTELOS Holdings Corp.

      1,461         30,243  

Telephone & Data Systems, Inc.

      2,370         54,866  

Tellabs, Inc.

      7,067         28,621  

USA Mobility, Inc.

      1,516         21,118  

Verizon Communications, Inc.

      113,055         4,322,093  

Virgin Media, Inc.

      1,921         47,987  

Windstream Corp.

      34,245         401,009  
     

 

 

  
Total Telecommunications               17,270,302  
Textiles – 0.0%      

Cintas Corp.

      1,961         76,714  
Toys/Games/Hobbies – 0.2%      

Hasbro, Inc.

      3,392         124,554  

Mattel, Inc.

      8,647         291,058  
     

 

 

  
Total Toys/Games/Hobbies               415,612  
Transportation – 1.6%      

Alexander & Baldwin, Inc.

      1,447         70,107  

Bristow Group, Inc.

      470         22,433  

C.H. Robinson Worldwide, Inc.

      2,215         145,060  

Con-way, Inc.

      666         21,718  

CSX Corp.

      18,949         407,782  

Expeditors International of Washington, Inc.

      1,956         90,974  

FedEx Corp.

      1,548         142,354  

International Shipholding Corp.

      1,032         23,829  

JB Hunt Transport Services, Inc.

      1,109         60,296  

Knight Transportation, Inc.

      569         10,049  

Norfolk Southern Corp.

      6,345         417,691  

Ryder System, Inc.

      1,174         61,987  

Tidewater, Inc.

      563         30,413  

Union Pacific Corp.

      8,772         942,815  

United Parcel Service, Inc. Class B

      16,673         1,345,845  

Werner Enterprises, Inc.

      696         17,303  
     

 

 

  
Total Transportation               3,810,656  
Trucking & Leasing – 0.1%      

GATX Corp.

      1,298         52,310  

TAL International Group, Inc.

      2,172         79,734  
     

 

 

  
Total Trucking & Leasing               132,044  
Water – 0.1%      

American States Water Co.

      667         24,105  

American Water Works Co., Inc.

      4,127         140,442  

Aqua America, Inc.

      3,041         67,784  

California Water Service Group

      900         16,389  

Connecticut Water Service, Inc.

      880         24,895  

Middlesex Water Co.

      1,395         26,351  

SJW Corp.

      738         17,801  
     

 

 

  
Total Water               317,767  

TOTAL COMMON STOCKS

(Cost: $200,315,275)

               242,972,688  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      21   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Dividend Fund (DTD)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
EXCHANGE-TRADED FUND – 0.2%      

WisdomTree Total Earnings Fund(a)(b)

      
(Cost: $276,649)      7,470       $ 378,355  
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 1.8%		    
MONEY MARKET FUND – 1.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $4,511,836)(d)      4,511,836         4,511,836  

TOTAL INVESTMENTS IN SECURITIES – 101.6%

(Cost: $205,103,760)

         247,862,879  

Liabilities in Excess of Other Assets – (1.6)%

         (3,877,522 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 243,985,357  
(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company. (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $4,389,977 and the total market value of the collateral held by the Fund was $4,511,836.

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments

WisdomTree Equity Income Fund (DHS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 102.8%      
COMMON STOCKS – 99.6%      
Advertising – 0.0%      

Harte-Hanks, Inc.

      6,110       $ 55,296  
Aerospace/Defense – 1.9%      

Lockheed Martin Corp.

      50,504         4,538,289  

Northrop Grumman Corp.

      28,246         1,725,266  

Raytheon Co.

      39,211         2,069,557  
     

 

 

  
Total Aerospace/Defense               8,333,112  
Agriculture – 8.6%      

Altria Group, Inc.

      348,705         10,764,523  

Lorillard, Inc.

      19,393         2,511,006  

Philip Morris International, Inc.

      212,576         18,836,359  

Reynolds American, Inc.

      96,419         3,995,603  

Universal Corp.

      3,262         152,009  

Vector Group Ltd.(a)

      21,359         378,482  
     

 

 

  
Total Agriculture               36,637,982  
Auto Parts & Equipment – 0.0%      

Douglas Dynamics, Inc.

      3,597         49,459  

Superior Industries International, Inc.

      3,298         64,443  
     

 

 

  
Total Auto Parts & Equipment               113,902  
Banks – 1.2%      

Arrow Financial Corp.(a)

      1,455         35,502  

Bank of Hawaii Corp.(a)

      5,891         284,830  

Camden National Corp.

      736         25,870  

Chemical Financial Corp.

      3,645         85,439  

Citizens & Northern Corp.

      1,271         25,420  

City Holding Co.(a)

      2,112         73,329  

Community Bank System, Inc.

      4,361         125,510  

Community Trust Bancorp, Inc.

      1,924         61,703  

Cullen/Frost Bankers, Inc.

      6,546         380,912  

CVB Financial Corp.

      11,592         136,090  

FNB Corp.(a)

      16,833         203,343  

First Financial Bancorp

      11,646         201,476  

First of Long Island Corp. (The)

      720         19,080  

FirstMerit Corp.

      14,533         245,026  

Glacier Bancorp, Inc.

      9,775         146,038  

Great Southern Bancorp, Inc.

      968         23,232  

Hudson Valley Holding Corp.

      2,121         34,212  

M&T Bank Corp.

      14,575         1,266,276  

NBT Bancorp, Inc.

      4,169         92,051  

PacWest Bancorp

      4,169         101,307  

Park National Corp.(a)

      2,855         197,480  

Renasant Corp.(a)

      3,448         56,133  

S&T Bancorp, Inc.

      2,587         56,112  

S.Y. Bancorp, Inc.

      1,398         32,434  

Southside Bancshares, Inc.

      1,313         29,017  

Sterling Bancorp

      3,959         37,967  

Tompkins Financial Corp.(a)

      1,159         46,430  

TrustCo Bank Corp.(a)

      13,841         79,032  

Trustmark Corp.

      7,924         197,941  

United Bankshares, Inc.(a)

      6,700         193,362  
     

Univest Corp. of Pennsylvania

      2,513       $ 42,168  

Valley National Bancorp(a)

      30,167         390,663  

Washington Trust Bancorp, Inc.

      1,884         45,480  

WesBanco, Inc.

      3,153         63,501  
     

 

 

  
Total Banks               5,034,366  
Beverages – 0.2%      

Dr. Pepper Snapple Group, Inc.

      21,705         872,758  
Biotechnology – 0.1%      

PDL BioPharma, Inc.

      40,419         256,661  
Chemicals – 2.7%      

A. Schulman, Inc.

      2,804         75,764  

Dow Chemical Co. (The)

      138,257         4,789,223  

E.I. du Pont de Nemours & Co.

      104,337         5,519,427  

Huntsman Corp.

      28,945         405,519  

Olin Corp.

      10,044         218,457  

RPM International, Inc.

      14,931         391,043  
     

 

 

  
Total Chemicals               11,399,433  
Commercial Services – 0.9%      

CDI Corp.

      2,137         38,316  

Deluxe Corp.

      7,239         169,537  

Electro Rent Corp.

      3,260         60,017  

H&R Block, Inc.

      36,189         596,033  

Healthcare Services Group, Inc.

      8,056         171,351  

Iron Mountain, Inc.

      19,009         547,459  

Landauer, Inc.

      1,219         64,631  

McGrath Rentcorp

      2,329         74,784  

Paychex, Inc.

      46,913         1,453,834  

Quad Graphics, Inc.(a)

      5,404         75,116  

R.R. Donnelley & Sons Co.(a)

      41,512         514,334  

Strayer Education, Inc.(a)

      1,558         146,888  
     

 

 

  
Total Commercial Services               3,912,300  
Computers – 0.2%      

Computer Sciences Corp.

      14,381         430,567  

Diebold, Inc.

      7,271         280,079  
     

 

 

  
Total Computers               710,646  
Cosmetics/Personal Care – 4.5%      

Avon Products, Inc.

      69,715         1,349,682  

Procter & Gamble Co. (The)

      266,657         17,922,017  
     

 

 

  
Total Cosmetics/Personal Care               19,271,699  
Distribution/Wholesale – 0.1%      

Watsco, Inc.

      3,357         248,552  
Diversified Financial Services – 0.5%      

Artio Global Investors, Inc.(a)

      7,834         37,368  

BGC Partners, Inc. Class A

      32,671         241,439  

Federated Investors, Inc. Class B(a)

      19,737         442,306  

GFI Group, Inc.

      16,490         62,002  

Greenhill & Co., Inc.

      4,003         174,691  

NYSE Euronext

      34,921         1,047,979  

Walter Investment Management Corp.

      7,436         167,682  

Westwood Holdings Group, Inc.

      790         30,597  
     

 

 

  
Total Diversified Financial Services               2,204,064  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      23   

Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Electric – 12.1%      

ALLETE, Inc.

      5,147       $ 213,549  

Alliant Energy Corp.

      13,566         587,679  

Ameren Corp.

      36,518         1,189,756  

American Electric Power Co., Inc.

      69,872         2,695,662  

Avista Corp.

      8,040         205,663  

Black Hills Corp.

      5,527         185,320  

CH Energy Group, Inc.

      2,091         139,532  

Cleco Corp.

      6,306         250,033  

CMS Energy Corp.

      30,986         681,692  

Consolidated Edison, Inc.

      35,774         2,089,917  

Dominion Resources, Inc.

      66,682         3,414,785  

DTE Energy Co.

      22,993         1,265,305  

Duke Energy Corp.

      190,445         4,001,249  

Edison International

      32,156         1,366,952  

Entergy Corp.

      24,636         1,655,539  

Exelon Corp.

      96,585         3,787,098  

FirstEnergy Corp.

      61,932         2,823,480  

Great Plains Energy, Inc.

      17,294         350,549  

Hawaiian Electric Industries, Inc.

      13,908         352,568  

Integrys Energy Group, Inc.

      12,794         677,954  

MGE Energy, Inc.

      2,464         109,377  

NextEra Energy, Inc.

      48,269         2,948,271  

NorthWestern Corp.

      5,148         182,548  

NSTAR

      11,725         570,187  

NV Energy, Inc.

      24,176         389,717  

Otter Tail Corp.

      6,094         132,240  

Pepco Holdings, Inc.

      37,859         715,157  

PG&E Corp.

      56,415         2,448,975  

Pinnacle West Capital Corp.

      15,170         726,643  

Portland General Electric Co.

      10,525         262,915  

PPL Corp.

      83,727         2,366,125  

Progress Energy, Inc.

      40,208         2,135,447  

Public Service Enterprise Group, Inc.

      66,156         2,025,035  

SCANA Corp.(a)

      17,657         805,336  

Southern Co. (The)

      109,848         4,935,471  

TECO Energy, Inc.

      30,653         537,960  

UIL Holdings Corp.(a)

      8,245         286,596  

Unisource Energy Corp.

      5,041         184,349  

Unitil Corp.

      2,132         57,202  

Westar Energy, Inc.

      16,338         456,320  

Xcel Energy, Inc.

      58,364         1,544,895  
     

 

 

  
Total Electric               51,755,048  
Electrical Components & Equipment – 0.1%      

Molex, Inc. Class A

      10,023         235,039  
Entertainment – 0.2%      

Cinemark Holdings, Inc.

      16,696         366,477  

National CineMedia, Inc.

      11,884         181,825  

Regal Entertainment Group Class A(a)

      25,193         342,625  
     

 

 

  
Total Entertainment               890,927  
Environmental Control – 0.5%      

U.S. Ecology, Inc.

      2,660         57,828  

Waste Management, Inc.

      58,998         2,062,570  
     

 

 

  
Total Environmental Control               2,120,398  
     
Food – 2.0%      

B&G Foods, Inc.

      5,915       $ 133,147  

Campbell Soup Co.

      34,100         1,154,285  

ConAgra Foods, Inc.

      47,451         1,246,063  

H.J. Heinz Co.

      34,634         1,854,651  

Kellogg Co.

      37,540         2,013,270  

SUPERVALU, Inc.(a)

      31,050         177,295  

Sysco Corp.

      64,843         1,936,212  
     

 

 

  
Total Food               8,514,923  
Forest Products & Paper – 0.5%      

International Paper Co.

      50,160         1,760,616  

MeadWestvaco Corp.

      18,441         582,551  
     

 

 

  
Total Forest Products & Paper               2,343,167  
Gas – 1.4%      

AGL Resources, Inc.

      10,913         428,008  

Atmos Energy Corp.

      11,678         367,390  

CenterPoint Energy, Inc.

      54,081         1,066,477  

Laclede Group, Inc. (The)

      3,283         128,103  

NiSource, Inc.

      35,951         875,407  

Northwest Natural Gas Co.

      3,229         146,597  

Piedmont Natural Gas Co., Inc.

      8,057         250,331  

Questar Corp.

      18,105         348,702  

Sempra Energy

      25,932         1,554,883  

UGI Corp.

      12,933         352,424  

Vectren Corp.

      12,131         352,527  

WGL Holdings, Inc.

      6,322         257,305  
     

 

 

  
Total Gas               6,128,154  
Healthcare-Products – 0.0%      

Meridian Bioscience, Inc.

      4,996         96,822  
Healthcare-Services – 0.1%      

Lincare Holdings, Inc.

      8,625         223,215  
Home Builders – 0.1%      

KB Home(a)

      8,049         71,636  

MDC Holdings, Inc.(a)

      8,536         220,144  
     

 

 

  
Total Home Builders               291,780  
Home Furnishings – 0.2%      

Whirlpool Corp.

      9,798         753,074  
Household Products/Wares – 1.2%      

American Greetings Corp. Class A

      3,968         60,869  

Avery Dennison Corp.

      11,310         340,770  

Clorox Co. (The)

      14,509         997,494  

Ennis, Inc.

      3,413         53,994  

Kimberly-Clark Corp.

      46,878         3,463,815  
     

 

 

  
Total Household Products/Wares               4,916,942  
Insurance – 0.8%      

American National Insurance Co.

      3,482         252,515  

Arthur J. Gallagher & Co.

      13,763         491,890  

Baldwin & Lyons, Inc. Class B

      1,535         34,353  

Cincinnati Financial Corp.

      26,106         900,918  

Donegal Group, Inc. Class A

      1,933         26,424  

EMC Insurance Group, Inc.

      1,506         30,256  

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Hanover Insurance Group, Inc. (The)

      4,571       $ 187,960  

Horace Mann Educators Corp.

      3,867         68,137  

Kansas City Life Insurance Co.

      952         30,654  

Kemper Corp.

      6,461         195,639  

Mercury General Corp.

      9,008         394,010  

Old Republic International Corp.

      57,404         605,612  

Safety Insurance Group, Inc.

      2,133         88,818  

State Auto Financial Corp.

      5,745         83,934  

Tower Group, Inc.

      4,321         96,920  
     

 

 

  
Total Insurance               3,488,040  
Internet – 0.0%      

Nutrisystem, Inc.(a)

      4,537         50,951  

United Online, Inc.

      20,535         100,416  
     

 

 

  
Total Internet               151,367  
Investment Companies – 0.9%      

Apollo Investment Corp.

      105,485         756,327  

Ares Capital Corp.

      58,811         961,560  

BlackRock Kelso Capital Corp.

      26,493         260,161  

Fifth Street Finance Corp.

      28,721         280,317  

Golub Capital BDC, Inc.

      5,273         80,519  

Main Street Capital Corp.

      6,429         158,346  

MCG Capital Corp.

      37,685         160,161  

Medallion Financial Corp.

      3,331         37,174  

MVC Capital, Inc.

      3,413         44,813  

PennantPark Investment Corp.

      14,837         154,305  

Prospect Capital Corp.

      43,228         474,643  

Solar Capital Ltd.

      12,009         265,039  

THL Credit, Inc.

      5,748         73,919  

TICC Capital Corp.

      11,281         109,877  

Triangle Capital Corp.(a)

      6,873         135,742  
     

 

 

  
Total Investment Companies               3,952,903  
Iron/Steel – 0.4%      

Commercial Metals Co.

      11,576         171,556  

Nucor Corp.

      35,058         1,505,741  
     

 

 

  
Total Iron/Steel               1,677,297  
Media – 0.2%      

Belo Corp. Class A

      9,738         69,822  

Cablevision Systems Corp. Class A

      27,908         409,689  

Meredith Corp.(a)

      5,310         172,363  

Sinclair Broadcast Group, Inc. Class A

      6,985         77,254  

World Wrestling Entertainment, Inc. Class A(a)

      4,583         40,651  
     

 

 

  
Total Media               769,779  
Metal Fabricate/Hardware – 0.0%      

Ampco-Pittsburgh Corp.

      1,097         22,083  
Mining – 1.8%      

Southern Copper Corp.

      243,408         7,718,468  
Miscellaneous Manufacturing – 5.6%      

General Electric Co.

      1,134,311         22,765,622  

Harsco Corp.

      9,878         231,738  

Hillenbrand, Inc.

      6,894         158,217  

Leggett & Platt, Inc.(a)

      21,567         496,257  
     

NL Industries, Inc.

      6,326       $ 94,257  
     

 

 

  
Total Miscellaneous Manufacturing               23,746,091  
Office Furnishings – 0.0%      

HNI Corp.

      5,110         141,803  
Office/Business Equipment – 0.2%      

Pitney Bowes, Inc.(a)

      47,729         839,076  
Oil & Gas – 2.7%      

ConocoPhillips

      152,188         11,567,810  

Penn Virginia Corp.

      6,126         27,873  
     

 

 

  
Total Oil & Gas               11,595,683  
Oil & Gas Services – 0.0%      

Targa Resources Corp.

      3,979         180,846  
Packaging & Containers – 0.2%      

Bemis Co., Inc.

      9,906         319,865  

Greif, Inc. Class B(a)

      3,790         215,158  

Sonoco Products Co.

      10,738         356,502  
     

 

 

  
Total Packaging & Containers               891,525  
Pharmaceuticals – 18.5%      

Abbott Laboratories

      163,860         10,042,979  

Bristol-Myers Squibb Co.

      197,129         6,653,104  

Eli Lilly & Co.

      168,514         6,786,059  

Johnson & Johnson

      293,129         19,334,789  

Merck & Co., Inc.

      428,320         16,447,488  

Pfizer, Inc.

      876,873         19,869,942  
     

 

 

  
Total Pharmaceuticals               79,134,361  
Pipelines – 1.3%      

Crosstex Energy, Inc.

      4,402         62,244  

Kinder Morgan, Inc.(a)

      86,600         3,347,090  

Spectra Energy Corp.

      74,906         2,363,285  
     

 

 

  
Total Pipelines               5,772,619  
Private Equity – 0.0%      

Hercules Technology Growth Capital, Inc.

      12,160         134,733  
Real Estate – 0.0%      

Sovran Self Storage, Inc.

      4,034         201,014  
Real Estate Investment Trusts (REITs) – 8.2%      

Acadia Realty Trust

      5,752         129,650  

Agree Realty Corp.

      2,134         48,186  

American Assets Trust, Inc.

      4,776         108,893  

American Campus Communities, Inc.

      7,360         329,139  

Ashford Hospitality Trust, Inc.

      10,134         91,307  

Associated Estates Realty Corp.

      5,556         90,785  

BioMed Realty Trust, Inc.

      20,895         396,587  

Brandywine Realty Trust

      28,433         326,411  

Camden Property Trust

      7,386         485,630  

Campus Crest Communities, Inc.

      5,708         66,555  

CapLease, Inc.

      12,246         49,351  

CBL & Associates Properties, Inc.

      24,820         469,594  

Cedar Realty Trust, Inc.

      17,633         90,281  

Chesapeake Lodging Trust

      4,977         89,437  

CommonWealth REIT

      30,075         559,997  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      25   

Table of Contents

Schedule of Investments (continued)

WisdomTree Equity Income Fund (DHS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Corporate Office Properties Trust

      16,436       $ 381,480  

DCT Industrial Trust, Inc.

      44,218         260,886  

DiamondRock Hospitality Co.

      17,328         178,305  

Digital Realty Trust, Inc.(a)

      13,250         980,103  

Duke Realty Corp.

      45,539         653,029  

EastGroup Properties, Inc.

      4,006         201,181  

Entertainment Properties Trust

      9,159         424,794  

Equity One, Inc.

      18,810         380,338  

Excel Trust, Inc.

      4,737         57,223  

First Potomac Realty Trust

      9,890         119,570  

Franklin Street Properties Corp.

      18,111         191,977  

Glimcher Realty Trust

      14,869         151,961  

Government Properties Income Trust

      10,685         257,615  

HCP, Inc.

      60,430         2,384,568  

Health Care REIT, Inc.

      32,224         1,771,031  

Healthcare Realty Trust, Inc.

      15,845         348,590  

Hersha Hospitality Trust

      26,518         144,788  

Highwoods Properties, Inc.

      12,796         426,363  

Home Properties, Inc.

      6,508         397,053  

Hospitality Properties Trust

      30,880         817,394  

Hudson Pacific Properties, Inc.

      3,656         55,315  

Inland Real Estate Corp.

      20,624         182,935  

Investors Real Estate Trust

      18,018         138,558  

Kilroy Realty Corp.

      6,787         316,342  

Kimco Realty Corp.

      58,990         1,136,147  

Kite Realty Group Trust

      12,138         63,967  

Lexington Realty Trust

      31,548         283,617  

Liberty Property Trust

      22,306         796,770  

LTC Properties, Inc.

      5,178         165,696  

Macerich Co. (The)

      17,781         1,026,853  

Mack-Cali Realty Corp.

      18,404         530,403  

Medical Properties Trust, Inc.

      28,521         264,675  

Mid-America Apartment Communities, Inc.

      4,820         323,085  

Monmouth Real Estate Investment Corp. Class A

      7,239         70,508  

National Health Investors, Inc.

      4,613         225,022  

National Retail Properties, Inc.(a)

      18,695         508,317  

Omega Healthcare Investors, Inc.

      26,419         561,668  

One Liberty Properties, Inc.

      3,269         59,823  

Pennsylvania Real Estate Investment Trust

      10,255         156,594  

Piedmont Office Realty Trust, Inc. Class A

      39,452         700,273  

Plum Creek Timber Co., Inc.

      23,034         957,293  

Potlatch Corp.

      8,131         254,826  

ProLogis, Inc.

      56,718         2,042,982  

PS Business Parks, Inc.

      2,331         152,774  

Ramco-Gershenson Properties Trust

      8,112         99,129  

Rayonier, Inc.

      14,462         637,630  

Realty Income Corp.

      20,346         788,001  

Regency Centers Corp.

      13,905         618,494  

Retail Opportunity Investments Corp.

      5,132         61,789  

RLJ Lodging Trust

      11,349         211,432  

Sabra Health Care REIT, Inc.

      12,707         208,903  

Saul Centers, Inc.

      2,441         98,519  

Senior Housing Properties Trust

      34,068         751,199  

Summit Hotel Properties, Inc.

      3,857         29,236  
     

Sun Communities, Inc.

      4,797       $ 207,854  

UDR, Inc.

      21,989         587,326  

Universal Health Realty Income Trust

      2,488         98,599  

Urstadt Biddle Properties, Inc. Class A

      3,856         76,117  

Ventas, Inc.

      30,017         1,713,971  

Vornado Realty Trust(a)

      20,768         1,748,666  

Washington Real Estate Investment Trust

      12,857         381,853  

Weingarten Realty Investors

      19,127         505,527  

Weyerhaeuser Co.

      58,487         1,282,035  

Winthrop Realty Trust

      6,741         78,128  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               35,018,903  
Retail – 0.3%      

Big 5 Sporting Goods Corp.

      2,047         16,048  

Brown Shoe Co., Inc.

      3,998         36,902  

Cato Corp. (The) Class A

      3,048         84,247  

Darden Restaurants, Inc.

      15,722         804,338  

Einstein Noah Restaurant Group, Inc.

      1,683         25,110  

Hot Topic, Inc.

      4,988         50,628  

PF Chang’s China Bistro, Inc.

      2,110         83,387  

RadioShack Corp.(a)

      14,300         88,946  
     

 

 

  
Total Retail               1,189,606  
Savings & Loans – 1.0%      

Astoria Financial Corp.

      18,499         182,400  

Berkshire Hills Bancorp, Inc.

      2,061         47,238  

Brookline Bancorp, Inc.

      7,601         71,221  

Dime Community Bancshares, Inc.

      5,008         73,167  

First Niagara Financial Group, Inc.

      64,755         637,189  

Flushing Financial Corp.

      3,447         46,397  

Hudson City Bancorp, Inc.

      86,294         630,809  

New York Community Bancorp, Inc.(a)

      110,091         1,531,366  

Northwest Bancshares, Inc.

      11,579         147,053  

OceanFirst Financial Corp.

      1,709         24,336  

Oritani Financial Corp.

      5,391         79,140  

People’s United Financial, Inc.

      54,727         724,586  

Provident Financial Services, Inc.

      6,745         98,005  

Provident New York Bancorp

      3,957         33,476  

Westfield Financial, Inc.

      2,678         21,183  
     

 

 

  
Total Savings & Loans               4,347,566  
Semiconductors – 4.1%      

Brooks Automation, Inc.

      6,227         76,779  

Intel Corp.

      545,832         15,343,337  

Intersil Corp. Class A

      17,733         198,610  

Maxim Integrated Products, Inc.

      30,688         877,370  

Microchip Technology, Inc.(a)

      23,389         870,071  
     

 

 

  
Total Semiconductors               17,366,167  
Telecommunications – 13.9%      

Alaska Communications Systems Group, Inc.(a)

      25,013         77,040  

AT&T, Inc.

      1,052,245         32,861,611  

CenturyLink, Inc.

      150,782         5,827,724  

Comtech Telecommunications Corp.

      2,501         81,483  

Consolidated Communications Holdings, Inc.

      7,431         145,871  

Frontier Communications Corp.(a)

      456,667         1,904,301  

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Equity Income Fund (DHS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

IDT Corp. Class B

      5,888       $ 54,994  

NTELOS Holdings Corp.

      5,145         106,501  

USA Mobility, Inc.

      4,606         64,162  

Verizon Communications, Inc.

      440,208         16,829,152  

Windstream Corp.

      136,086         1,593,567  
     

 

 

  
Total Telecommunications               59,546,406  
Toys/Games/Hobbies – 0.1%      

Hasbro, Inc.

      13,717         503,688  
Transportation – 0.0%      

Alexander & Baldwin, Inc.

      4,018         194,672  
Trucking & Leasing – 0.1%      

TAL International Group, Inc.

      7,819         287,035  
Water – 0.0%      

California Water Service Group

      4,262         77,611  

Connecticut Water Service, Inc.

      753         21,302  

Middlesex Water Co.

      1,899         35,872  
     

 

 

  
Total Water               134,785  
TOTAL COMMON STOCKS
(Cost: $391,441,524)		               426,326,776  
EXCHANGE-TRADED FUND – 0.1%      

WisdomTree Total Dividend Fund(a)(b)

      
(Cost: $335,913)      7,437         394,979  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.1%      
MONEY MARKET FUND – 3.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $13,389,390)(d)      13,389,390         13,389,390  
TOTAL INVESTMENTS IN SECURITIES – 102.8%
(Cost: $405,166,827)		          440,111,145  

Liabilities in Excess of Other Assets – (2.8)%

         (12,193,581 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 427,917,564  
(a)

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b)

Affiliated company. (See Note 7).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d)

At March 31, 2012, the total market value of the Fund’s securities on loan was $13,025,793 and the total market value of the collateral held by the Fund was $13,389,390.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      27   

Table of Contents

Schedule of Investments

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 100.5%   
COMMON STOCKS – 99.7%   
Advertising – 0.1%   

Omnicom Group, Inc.(a)

      28,605       $ 1,448,843  
Aerospace/Defense – 2.7%   

Boeing Co. (The)

      78,674         5,850,985  

General Dynamics Corp.

      46,420         3,406,300  

Goodrich Corp.

      5,292         663,828  

L-3 Communications Holdings, Inc.

      12,425         879,317  

Lockheed Martin Corp.

      74,489         6,693,582  

Northrop Grumman Corp.

      41,564         2,538,729  

Raytheon Co.

      58,204         3,072,007  

Rockwell Collins, Inc.

      11,979         689,511  

United Technologies Corp.

      104,191         8,641,602  
     

 

 

  
Total Aerospace/Defense               32,435,861  
Agriculture – 4.6%   

Altria Group, Inc.

      517,433         15,973,156  

Archer-Daniels-Midland Co.

      74,512         2,359,050  

Lorillard, Inc.

      28,667         3,711,803  

Philip Morris International, Inc.

      313,608         27,788,805  

Reynolds American, Inc.

      142,654         5,911,582  
     

 

 

  
Total Agriculture               55,744,396  
Apparel – 0.5%   

Coach, Inc.

      19,240         1,486,867  

NIKE, Inc. Class B

      25,043         2,715,663  

Ralph Lauren Corp.

      1,347         234,822  

VF Corp.

      10,814         1,578,628  
     

 

 

  
Total Apparel               6,015,980  
Auto Manufacturers – 0.1%   

PACCAR, Inc.

      30,020         1,405,837  
Auto Parts & Equipment – 0.2%   

Johnson Controls, Inc.

      74,047         2,405,047  
Banks – 6.0%   

Bank of America Corp.

      336,180         3,217,243  

Bank of New York Mellon Corp. (The)

      149,534         3,608,255  

BB&T Corp.

      84,240         2,644,294  

Capital One Financial Corp.

      9,127         508,739  

Citigroup, Inc.

      19,230         702,856  

Fifth Third Bancorp

      107,285         1,507,354  

Goldman Sachs Group, Inc. (The)

      32,195         4,004,092  

JPMorgan Chase & Co.

      529,086         24,327,374  

KeyCorp

      69,555         591,218  

M&T Bank Corp.

      21,671         1,882,776  

Morgan Stanley

      111,066         2,181,336  

Northern Trust Corp.

      30,042         1,425,493  

PNC Financial Services Group, Inc.

      60,995         3,933,568  

State Street Corp.

      38,791         1,764,990  

SunTrust Banks, Inc.

      28,133         679,975  

U.S. Bancorp

      160,776         5,093,384  

Wells Fargo & Co.

      429,042         14,647,494  
     

 

 

  
Total Banks               72,720,441  
     
Beverages – 3.2%   

Beam, Inc.

      10,432       $ 611,002  

Brown-Forman Corp. Class B

      6,796         566,719  

Coca-Cola Co. (The)

      283,299         20,966,959  

Coca-Cola Enterprises, Inc.

      28,237         807,578  

Dr. Pepper Snapple Group, Inc.

      31,820         1,279,482  

PepsiCo, Inc.

      221,036         14,665,739  
     

 

 

  
Total Beverages               38,897,479  
Biotechnology – 0.4%   

Amgen, Inc.

      73,996         5,030,988  
Chemicals – 2.4%   

Air Products & Chemicals, Inc.

      26,515         2,434,077  

Celanese Corp. Series A

      3,785         174,791  

CF Industries Holdings, Inc.

      3,509         640,919  

Dow Chemical Co. (The)

      202,923         7,029,253  

E.I. du Pont de Nemours & Co.

      153,754         8,133,587  

Ecolab, Inc.

      13,199         814,642  

Monsanto Co.

      41,780         3,332,373  

Mosaic Co. (The)

      5,729         316,756  

PPG Industries, Inc.

      19,286         1,847,599  

Praxair, Inc.

      25,895         2,968,603  

Sherwin-Williams Co. (The)

      8,026         872,185  

Sigma-Aldrich Corp.

      5,904         431,346  

Valhi, Inc.

      4,490         238,195  
     

 

 

  
Total Chemicals               29,234,326  
Coal – 0.1%   

Consol Energy, Inc.

      13,374         456,054  

Peabody Energy Corp.

      11,846         343,060  
     

 

 

  
Total Coal               799,114  
Commercial Services – 0.9%   

Automatic Data Processing, Inc.

      66,449         3,667,320  

Mastercard, Inc. Class A

      808         339,796  

Moody’s Corp.

      17,764         747,864  

Paychex, Inc.

      69,619         2,157,493  

Visa, Inc. Class A

      21,479         2,534,522  

Western Union Co. (The)

      49,831         877,026  
     

 

 

  
Total Commercial Services               10,324,021  
Computers – 1.7%   

Hewlett-Packard Co.

      161,545         3,849,618  

International Business Machines Corp.

      82,625         17,239,706  
     

 

 

  
Total Computers               21,089,324  
Cosmetics/Personal Care – 2.9%   

Avon Products, Inc.

      101,670         1,968,331  

Colgate-Palmolive Co.

      55,321         5,409,288  

Estee Lauder Cos., Inc. (The) Class A

      10,846         671,801  

Procter & Gamble Co. (The)

      393,823         26,468,844  
     

 

 

  
Total Cosmetics/Personal Care               34,518,264  
Distribution/Wholesale – 0.3%   

Fastenal Co.(a)

      18,085         978,399  

Genuine Parts Co.

      21,550         1,352,262  

W.W. Grainger, Inc.

      4,553         978,030  
     

 

 

  
Total Distribution/Wholesale               3,308,691  

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Diversified Financial Services – 1.6%   

American Express Co.

      78,241       $ 4,527,024  

Ameriprise Financial, Inc.

      20,237         1,156,140  

BlackRock, Inc.

      20,460         4,192,254  

Charles Schwab Corp. (The)

      121,042         1,739,373  

CME Group, Inc.

      6,792         1,965,129  

Discover Financial Services

      24,030         801,160  

Franklin Resources, Inc.

      10,039         1,245,137  

NYSE Euronext

      52,403         1,572,614  

T. Rowe Price Group, Inc.

      25,352         1,655,486  

TD Ameritrade Holding Corp.

      37,994         750,002  
     

 

 

  
Total Diversified Financial Services               19,604,319  
Electric – 5.4%   

Ameren Corp.

      53,924         1,756,844  

American Electric Power Co., Inc.

      103,268         3,984,079  

Consolidated Edison, Inc.

      52,781         3,083,466  

Dominion Resources, Inc.

      98,683         5,053,556  

DTE Energy Co.

      33,921         1,866,673  

Duke Energy Corp.

      282,199         5,929,001  

Edison International

      47,274         2,009,618  

Entergy Corp.

      36,445         2,449,104  

Exelon Corp.

      162,626         6,376,566  

FirstEnergy Corp.

      92,819         4,231,618  

NextEra Energy, Inc.

      71,530         4,369,052  

PG&E Corp.

      83,764         3,636,195  

PPL Corp.

      124,230         3,510,740  

Progress Energy, Inc.

      59,452         3,157,496  

Public Service Enterprise Group, Inc.

      98,196         3,005,780  

Southern Co. (The)

      162,713         7,310,695  

Wisconsin Energy Corp.

      31,774         1,117,809  

Xcel Energy, Inc.

      85,780         2,270,597  
     

 

 

  
Total Electric               65,118,889  
Electrical Components & Equipment – 0.5%   

AMETEK, Inc.

      4,492         217,907  

Emerson Electric Co.

      105,145         5,486,466  
     

 

 

  
Total Electrical Components & Equipment               5,704,373  
Electronics – 0.5%   

Amphenol Corp. Class A

      7,189         429,686  

Honeywell International, Inc.

      97,931         5,978,688  
     

 

 

  
Total Electronics               6,408,374  
Engineering & Construction – 0.0%   

Fluor Corp.

      7,304         438,532  
Environmental Control – 0.4%   

Republic Services, Inc.

      53,189         1,625,456  

Waste Management, Inc.

      86,743         3,032,535  
     

 

 

  
Total Environmental Control               4,657,991  
Food – 2.7%   

Campbell Soup Co.

      50,562         1,711,524  

ConAgra Foods, Inc.

      69,569         1,826,882  

General Mills, Inc.

      86,929         3,429,349  

H.J. Heinz Co.

      51,399         2,752,416  
     

Hershey Co. (The)

      17,006       $ 1,042,978  

Hormel Foods Corp.

      25,350         748,332  

J.M. Smucker Co. (The)

      12,621         1,026,845  

Kellogg Co.

      55,738         2,989,229  

Kraft Foods, Inc. Class A

      250,054         9,504,552  

Kroger Co. (The)

      51,377         1,244,865  

Safeway, Inc.

      41,337         835,421  

Sara Lee Corp.

      65,556         1,411,421  

Sysco Corp.

      96,227         2,873,338  

Whole Foods Market, Inc.

      6,501         540,883  
     

 

 

  
Total Food               31,938,035  
Forest Products & Paper – 0.2%   

International Paper Co.

      73,137         2,567,109  
Gas – 0.3%   

CenterPoint Energy, Inc.

      79,204         1,561,903  

Sempra Energy

      38,830         2,328,247  
     

 

 

  
Total Gas               3,890,150  
Hand/Machine Tools – 0.1%   

Stanley Black & Decker, Inc.

      19,225         1,479,556  
Healthcare-Products – 1.2%   

Baxter International, Inc.

      68,506         4,095,288  

Becton Dickinson and Co.

      23,686         1,839,218  

C.R. Bard, Inc.

      3,683         363,586  

Medtronic, Inc.

      127,225         4,985,948  

St. Jude Medical, Inc.

      34,040         1,508,312  

Stryker Corp.

      25,777         1,430,108  
     

 

 

  
Total Healthcare-Products               14,222,460  
Healthcare-Services – 0.7%   

Aetna, Inc.

      23,780         1,192,805  

Cigna Corp.

      1,374         67,670  

Humana, Inc.

      8,276         765,364  

Quest Diagnostics, Inc.

      8,363         511,397  

UnitedHealth Group, Inc.

      63,932         3,768,152  

WellPoint, Inc.

      23,536         1,736,957  
     

 

 

  
Total Healthcare-Services               8,042,345  
Household Products/Wares – 0.5%   

Clorox Co. (The)

      21,419         1,472,556  

Kimberly-Clark Corp.

      69,278         5,118,952  
     

 

 

  
Total Household Products/Wares               6,591,508  
Insurance – 2.1%   

Aflac, Inc.

      64,630         2,972,334  

Allstate Corp. (The)

      70,910         2,334,357  

Chubb Corp. (The)

      28,559         1,973,713  

CNA Financial Corp.

      17,800         522,074  

Hartford Financial Services Group, Inc.

      47,581         1,003,008  

Loews Corp.

      11,728         467,595  

Marsh & McLennan Cos., Inc.

      67,799         2,223,129  

MetLife, Inc.

      111,833         4,176,963  

Principal Financial Group, Inc.

      39,640         1,169,776  

Progressive Corp. (The)

      57,716         1,337,857  

Prudential Financial, Inc.

      62,419         3,956,740  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      29   

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Travelers Cos., Inc. (The)

      53,181       $ 3,148,315  
     

 

 

  
Total Insurance               25,285,861  
Internet – 0.0%   

Expedia, Inc.(a)

      5,441         181,947  
Iron/Steel – 0.2%   

Cliffs Natural Resources, Inc.

      11,051         765,392  

Nucor Corp.

      51,359         2,205,869  
     

 

 

  
Total Iron/Steel               2,971,261  
Leisure Time – 0.1%   

Harley-Davidson, Inc.

      14,121         693,059  
Lodging – 0.2%   

Marriott International, Inc. Class A

      20,649         781,565  

Starwood Hotels & Resorts Worldwide, Inc.

      9,428         531,833  

Wynn Resorts Ltd.

      10,589         1,322,354  
     

 

 

  
Total Lodging               2,635,752  
Machinery-Construction & Mining – 0.6%   

Caterpillar, Inc.

      60,015         6,392,798  

Joy Global, Inc.

      4,465         328,177  
     

 

 

  
Total Machinery-Construction & Mining               6,720,975  
Machinery-Diversified – 0.5%   

Cummins, Inc.

      15,366         1,844,535  

Deere & Co.

      40,132         3,246,679  

Rockwell Automation, Inc.

      14,643         1,167,047  

Roper Industries, Inc.

      2,694         267,137  
     

 

 

  
Total Machinery-Diversified               6,525,398  
Media – 2.4%   

CBS Corp. Class B

      42,692         1,447,686  

Comcast Corp. Class A

      178,264         5,349,703  

Comcast Corp. Special Class A

      53,698         1,584,628  

McGraw-Hill Cos., Inc. (The)

      30,593         1,482,843  

News Corp. Class A

      83,947         1,652,916  

News Corp. Class B

      36,362         726,513  

Time Warner Cable, Inc.

      43,491         3,544,516  

Time Warner, Inc.

      122,649         4,630,000  

Viacom, Inc. Class B

      51,661         2,451,831  

Walt Disney Co. (The)

      136,325         5,968,308  
     

 

 

  
Total Media               28,838,944  
Metal Fabricate/Hardware – 0.0%      

Precision Castparts Corp.

      548         94,749  
Mining – 1.6%      

Alcoa, Inc.

      62,275         623,995  

Freeport-McMoRan Copper & Gold, Inc.

      110,471         4,202,317  

Newmont Mining Corp.

      48,135         2,467,881  

Southern Copper Corp.(a)

      361,451         11,461,611  
     

 

 

  
Total Mining               18,755,804  
Miscellaneous Manufacturing – 4.2%      

3M Co.

      86,198         7,689,724  

Danaher Corp.

      6,486         363,216  

Dover Corp.

      18,593         1,170,243  

Eaton Corp.

      47,455         2,364,683  
     

General Electric Co.

      1,679,244       $ 33,702,427  

Illinois Tool Works, Inc.

      66,562         3,802,021  

Parker Hannifin Corp.

      12,846         1,086,129  
     

 

 

  
Total Miscellaneous Manufacturing               50,178,443  
Office/Business Equipment – 0.1%      

Xerox Corp.

      132,094         1,067,319  
Oil & Gas – 9.4%      

Anadarko Petroleum Corp.

      10,752         842,312  

Apache Corp.

      11,464         1,151,444  

Cabot Oil & Gas Corp.

      1,483         46,225  

Chesapeake Energy Corp.

      44,730         1,036,394  

Chevron Corp.

      282,669         30,313,424  

ConocoPhillips

      224,876         17,092,825  

Devon Energy Corp.

      19,677         1,399,428  

Diamond Offshore Drilling, Inc.(a)

      5,364         358,047  

EOG Resources, Inc.

      8,570         952,127  

EQT Corp.

      10,525         507,410  

Exxon Mobil Corp.

      499,160         43,292,147  

Hess Corp.

      11,013         649,216  

Marathon Oil Corp.

      69,255         2,195,384  

Marathon Petroleum Corp.

      46,545         2,018,191  

Murphy Oil Corp.

      18,090         1,017,924  

Noble Energy, Inc.

      7,673         750,266  

Occidental Petroleum Corp.

      74,928         7,135,394  

Pioneer Natural Resources Co.

      560         62,490  

Range Resources Corp.

      1,892         110,001  

Valero Energy Corp.

      71,344         1,838,535  
     

 

 

  
Total Oil & Gas               112,769,184  
Oil & Gas Services – 0.3%      

Baker Hughes, Inc.

      24,976         1,047,493  

Halliburton Co.

      46,782         1,552,695  

National Oilwell Varco, Inc.

      13,574         1,078,726  
     

 

 

  
Total Oil & Gas Services               3,678,914  
Pharmaceuticals – 10.1%      

Abbott Laboratories

      242,745         14,877,841  

Allergan, Inc.

      3,246         309,766  

AmerisourceBergen Corp.

      17,231         683,726  

Bristol-Myers Squibb Co.

      293,206         9,895,702  

Cardinal Health, Inc.

      32,241         1,389,910  

Eli Lilly & Co.

      250,030         10,068,708  

Johnson & Johnson

      433,135         28,569,585  

McKesson Corp.

      11,292         991,099  

Mead Johnson Nutrition Co.

      12,825         1,057,806  

Merck & Co., Inc.

      631,361         24,244,262  

Perrigo Co.

      1,345         138,952  

Pfizer, Inc.

      1,298,514         29,424,327  
     

 

 

  
Total Pharmaceuticals               121,651,684  
Pipelines – 1.0%      

El Paso Corp.

      5,532         163,471  

Kinder Morgan, Inc.(a)

      127,261         4,918,638  

ONEOK, Inc.

      12,219         997,803  

Spectra Energy Corp.

      110,710         3,492,900  

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Dividend Fund (DLN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Williams Cos., Inc. (The)

      84,031       $ 2,588,995  
     

 

 

  
Total Pipelines               12,161,807  
Real Estate Investment Trusts (REITs) – 3.0%      

AvalonBay Communities, Inc.

      11,911         1,683,620  

Boston Properties, Inc.

      13,929         1,462,406  

Digital Realty Trust, Inc.(a)

      19,223         1,421,925  

Equity Residential

      32,251         2,019,558  

General Growth Properties, Inc.

      120,743         2,051,424  

HCP, Inc.

      88,972         3,510,835  

Health Care REIT, Inc.

      47,293         2,599,223  

Host Hotels & Resorts, Inc.

      35,513         583,123  

Macerich Co. (The)

      25,817         1,490,932  

ProLogis, Inc.

      85,496         3,079,566  

Public Storage

      22,590         3,121,260  

Simon Property Group, Inc.

      38,697         5,637,379  

Ventas, Inc.

      43,645         2,492,129  

Vornado Realty Trust(a)

      30,844         2,597,065  

Weyerhaeuser Co.

      84,718         1,857,019  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               35,607,464  
Retail – 6.7%      

Best Buy Co., Inc.(a)

      43,333         1,026,126  

Costco Wholesale Corp.

      22,138         2,010,130  

CVS Caremark Corp.

      76,934         3,446,643  

Family Dollar Stores, Inc.

      6,489         410,624  

Gap, Inc. (The)

      55,059         1,439,242  

Home Depot, Inc. (The)

      200,936         10,109,090  

J.C. Penney Co., Inc.

      23,235         823,216  

Kohl’s Corp.

      23,451         1,173,254  

Lowe’s Cos., Inc.

      126,353         3,964,957  

Ltd. Brands, Inc.

      26,767         1,284,816  

Macy’s, Inc.

      24,144         959,241  

McDonald’s Corp.

      129,512         12,705,127  

Nordstrom, Inc.

      18,238         1,016,221  

Ross Stores, Inc.

      9,634         559,735  

Staples, Inc.

      85,786         1,388,018  

Starbucks Corp.

      51,796         2,894,879  

Target Corp.

      67,249         3,918,599  

Tiffany & Co.

      10,152         701,808  

TJX Cos., Inc.

      41,100         1,632,081  

Walgreen Co.

      104,104         3,486,443  

Wal-Mart Stores, Inc.

      382,699         23,421,179  

Yum! Brands, Inc.

      40,300         2,868,554  
     

 

 

  
Total Retail               81,239,983  
Semiconductors – 3.7%      

Altera Corp.

      13,214         526,181  

Analog Devices, Inc.

      38,704         1,563,642  

Applied Materials, Inc.

      178,164         2,216,360  

Intel Corp.

      807,721         22,705,037  

KLA-Tencor Corp.

      21,700         1,180,914  

Linear Technology Corp.

      33,366         1,124,434  

Maxim Integrated Products, Inc.

      45,045         1,287,837  

Microchip Technology, Inc.(a)

      34,678         1,290,022  

QUALCOMM, Inc.

      119,532         8,130,567  
     

Texas Instruments, Inc.

      120,954       $ 4,065,264  

Xilinx, Inc.

      29,170         1,062,663  
     

 

 

  
Total Semiconductors               45,152,921  
Software – 3.8%      

Activision Blizzard, Inc.

      70,540         904,323  

CA, Inc.

      21,421         590,363  

Fidelity National Information Services, Inc.

      10,957         362,896  

Intuit, Inc.

      14,961         899,605  

Microsoft Corp.

      1,157,809         37,339,340  

Oracle Corp.

      177,557         5,177,562  
     

 

 

  
Total Software               45,274,089  
Telecommunications – 7.7%      

AT&T, Inc.

      1,553,234         48,507,498  

CenturyLink, Inc.

      224,468         8,675,688  

Cisco Systems, Inc.

      316,493         6,693,827  

Corning, Inc.

      155,802         2,193,692  

Motorola Solutions, Inc.

      26,888         1,366,717  

Verizon Communications, Inc.

      652,112         24,930,242  
     

 

 

  
Total Telecommunications               92,367,664  
Toys/Games/Hobbies – 0.1%      

Mattel, Inc.

      49,374         1,661,929  
Transportation – 1.7%      

C.H. Robinson Worldwide, Inc.(a)

      12,590         824,519  

CSX Corp.

      109,924         2,365,564  

Expeditors International of Washington, Inc.

      11,498         534,772  

FedEx Corp.

      9,296         854,860  

Norfolk Southern Corp.

      36,337         2,392,065  

Union Pacific Corp.

      52,288         5,619,914  

United Parcel Service, Inc. Class B

      93,997         7,587,438  
     

 

 

  
Total Transportation               20,179,132  

TOTAL COMMON STOCKS

(Cost: $1,076,491,880)

               1,201,736,536  
EXCHANGE-TRADED FUND – 0.0%      
WisdomTree Total Dividend Fund(a)(b)
(Cost: $284,532)		      6,172         327,795  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%      
MONEY MARKET FUND – 0.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $9,686,394)(d)      9,686,394         9,686,394  
TOTAL INVESTMENTS IN SECURITIES – 100.5%
(Cost: $1,086,462,806)		         1,211,750,725  

Liabilities in Excess of Other Assets – (0.5)%

         (6,536,032 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 1,205,214,693  
(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company. (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $9,444,278 and the total market value of the collateral held by the Fund was $9,686,394.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      31   

Table of Contents

Schedule of Investments

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 105.0%   
COMMON STOCKS – 99.5%      
Aerospace/Defense – 3.9%      

Lockheed Martin Corp.

      229,640       $ 20,635,450  

Northrop Grumman Corp.

      217,299         13,272,623  

Raytheon Co.

      286,222         15,106,797  
     

 

 

  
Total Aerospace/Defense               49,014,870  
Agriculture – 5.9%      

Altria Group, Inc.

      678,163         20,934,892  

Lorillard, Inc.

      146,607         18,982,674  

Philip Morris International, Inc.

      184,180         16,320,190  

Reynolds American, Inc.

      452,111         18,735,480  
     

 

 

  
Total Agriculture               74,973,236  
Chemicals – 5.2%      

Air Products & Chemicals, Inc.

      117,775         10,811,745  

Dow Chemical Co. (The)

      486,813         16,863,202  

E.I. du Pont de Nemours & Co.

      271,915         14,384,304  

Eastman Chemical Co.

      248,420         12,840,830  

PPG Industries, Inc.

      110,448         10,580,918  
     

 

 

  
Total Chemicals               65,480,999  
Commercial Services – 4.1%      

Automatic Data Processing, Inc.

      206,637         11,404,296  

H&R Block, Inc.

      848,466         13,974,235  

Iron Mountain, Inc.

      385,111         11,091,197  

Paychex, Inc.

      514,490         15,944,045  
     

 

 

  
Total Commercial Services               52,413,773  
Cosmetics/Personal Care – 1.7%      

Avon Products, Inc.

      1,092,087         21,142,804  
Distribution/Wholesale – 0.9%      

Genuine Parts Co.

      183,802         11,533,575  
Electric – 12.9%      

Ameren Corp.

      509,519         16,600,129  

American Electric Power Co., Inc.

      417,345         16,101,170  

Duke Energy Corp.

      784,367         16,479,551  

Entergy Corp.

      228,865         15,379,728  

Exelon Corp.

      376,369         14,757,429  

FirstEnergy Corp.

      384,061         17,509,341  

Pepco Holdings, Inc.

      968,434         18,293,718  

PG&E Corp.

      415,539         18,038,548  

PPL Corp.

      555,454         15,697,130  

Progress Energy, Inc.

      285,764         15,176,926  
     

 

 

  
Total Electric               164,033,670  
Electrical Components & Equipment – 0.9%      

Emerson Electric Co.

      214,013         11,167,198  
Environmental Control – 2.3%      

Republic Services, Inc.

      408,098         12,471,475  

Waste Management, Inc.

      470,458         16,447,212  
     

 

 

  
Total Environmental Control               28,918,687  
Food – 3.1%      

ConAgra Foods, Inc.

      513,376         13,481,254  

H.J. Heinz Co.

      236,516         12,665,432  
     

Sysco Corp.

      447,726       $ 13,369,098  
     

 

 

  
Total Food               39,515,784  
Forest Products & Paper – 2.3%      

International Paper Co.

      461,715         16,206,197  

MeadWestvaco Corp.

      410,631         12,971,833  
     

 

 

  
Total Forest Products & Paper               29,178,030  
Healthcare-Products – 3.1%      

Baxter International, Inc.

      183,406         10,964,011  

Becton Dickinson and Co.

      116,947         9,080,934  

Medtronic, Inc.

      258,099         10,114,900  

St. Jude Medical, Inc.

      221,736         9,825,122  
     

 

 

  
Total Healthcare-Products               39,984,967  
Household Products/Wares – 2.2%      

Clorox Co. (The)

      194,778         13,390,988  

Kimberly-Clark Corp.

      190,414         14,069,690  
     

 

 

  
Total Household Products/Wares               27,460,678  
Iron/Steel – 1.1%      

Nucor Corp.

      324,716         13,946,552  
Media – 1.9%      

Time Warner Cable, Inc.

      175,052         14,266,738  

Time Warner, Inc.

      272,818         10,298,880  
     

 

 

  
Total Media               24,565,618  
Mining – 3.4%      

Freeport-McMoRan Copper & Gold, Inc.

      230,852         8,781,610  

Southern Copper Corp.

      1,068,765         33,890,538  
     

 

 

  
Total Mining               42,672,148  
Miscellaneous Manufacturing – 3.3%      

Eaton Corp.

      247,583         12,337,061  

General Electric Co.

      773,447         15,523,081  

Illinois Tool Works, Inc.

      236,582         13,513,564  
     

 

 

  
Total Miscellaneous Manufacturing               41,373,706  
Oil & Gas – 5.9%      

Chevron Corp.

      107,045         11,479,506  

ConocoPhillips

      183,950         13,982,039  

Exxon Mobil Corp.

      100,607         8,725,645  

Marathon Oil Corp.

      271,321         8,600,876  

Marathon Petroleum Corp.

      312,266         13,539,854  

Murphy Oil Corp.

      131,030         7,373,058  

Valero Energy Corp.

      453,466         11,685,819  
     

 

 

  
Total Oil & Gas               75,386,797  
Pharmaceuticals – 7.1%      

Abbott Laboratories

      221,556         13,579,167  

Bristol-Myers Squibb Co.

      407,937         13,767,874  

Eli Lilly & Co.

      440,910         17,755,445  

Johnson & Johnson

      191,007         12,598,822  

Merck & Co., Inc.

      452,392         17,371,853  

Pfizer, Inc.

      651,933         14,772,802  
     

 

 

  
Total Pharmaceuticals               89,845,963  
Pipelines – 3.4%      

Kinder Morgan, Inc.(a)

      478,801         18,505,659  

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Dividend ex-Financials Fund (DTN)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Spectra Energy Corp.(a)

      448,221       $ 14,141,372  

Williams Cos., Inc. (The)

      347,146         10,695,568  
     

 

 

  
Total Pipelines               43,342,599  
Retail – 3.8%      

Darden Restaurants, Inc.

      285,821         14,622,602  

Home Depot, Inc. (The)

      258,087         12,984,357  

McDonald’s Corp.

      102,628         10,067,807  

Staples, Inc.

      668,961         10,823,789  
     

 

 

  
Total Retail               48,498,555  
Semiconductors – 7.2%      

Analog Devices, Inc.

      291,302         11,768,601  

Applied Materials, Inc.

      983,062         12,229,291  

Intel Corp.

      493,823         13,881,365  

KLA-Tencor Corp.

      223,963         12,188,067  

Linear Technology Corp.

      374,069         12,606,125  

Maxim Integrated Products, Inc.

      467,136         13,355,418  

Microchip Technology, Inc.(a)

      405,282         15,076,490  
     

 

 

  
Total Semiconductors               91,105,357  
Software – 1.1%      

Microsoft Corp.

      417,980         13,479,855  
Telecommunications – 10.8%      

AT&T, Inc.

      703,793         21,979,455  

CenturyLink, Inc.

      748,003         28,910,316  

Frontier Communications Corp.(a)

      9,190,928         38,326,170  

Verizon Communications, Inc.

      472,348         18,057,864  

Windstream Corp.

      2,574,088         30,142,571  
     

 

 

  
Total Telecommunications               137,416,376  
Toys/Games/Hobbies – 2.0%      

Hasbro, Inc.

      338,646         12,435,081  

Mattel, Inc.

      392,190         13,201,116  
     

 

 

  
Total Toys/Games/Hobbies               25,636,197  

TOTAL COMMON STOCKS

(Cost: $1,145,035,294)

               1,262,087,994  
EXCHANGE-TRADED FUNDS – 0.2%      

WisdomTree LargeCap Dividend Fund(b)

      30,125         1,595,420  

WisdomTree MidCap Dividend Fund(b)

      28,241         1,589,686  
     

 

 

  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $2,568,371)

               3,185,106  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      

Invesco Treasury Fund Private Class, 0.02%(c)

      
(Cost: $152,451)      152,451         152,451  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.3%      
MONEY MARKET FUND – 5.3%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $66,956,110)(d)      66,956,110         66,956,110  

TOTAL INVESTMENTS IN SECURITIES – 105.0%

(Cost: $1,214,712,226)

  

  

      1,332,381,661  

Liabilities in Excess of Other Assets – (5.0)%

         (63,570,143 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 1,268,811,518  
(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company. (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $64,738,950 and the total market value of the collateral held by the Fund was $66,956,110.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      33   

Table of Contents

Schedule of Investments

WisdomTree MidCap Dividend Fund (DON)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 108.0%   
COMMON STOCKS – 99.3%   
Advertising – 0.4%   

Interpublic Group of Cos., Inc. (The)

      130,616       $ 1,490,329  
Aerospace/Defense – 0.1%   

Alliant Techsystems, Inc.

      4,942         247,693  

Triumph Group, Inc.

      1,435         89,917  
     

 

 

  
Total Aerospace/Defense               337,610  
Airlines – 0.0%   

Southwest Airlines Co.

      18,434         151,896  
Apparel – 0.2%   

Columbia Sportswear Co.(a)

      6,342         300,928  

Wolverine World Wide, Inc.

      6,990         259,888  
     

 

 

  
Total Apparel               560,816  
Auto Parts & Equipment – 0.2%   

Lear Corp.

      14,863         690,981  
Banks – 4.2%   

Associated Banc-Corp.

      7,024         98,055  

Bank of Hawaii Corp.(a)

      20,933         1,012,111  

BOK Financial Corp.

      17,501         984,956  

CapitalSource, Inc.

      18,823         124,232  

City National Corp.(a)

      10,632         557,861  

Comerica, Inc.

      33,089         1,070,760  

Commerce Bancshares, Inc.

      22,247         901,448  

Cullen/Frost Bankers, Inc.(a)

      23,196         1,349,775  

East West Bancorp, Inc.

      17,275         398,880  

First Horizon National Corp.

      15,486         160,745  

FirstMerit Corp.

      51,827         873,803  

Fulton Financial Corp.

      45,905         482,003  

Hancock Holding Co.

      28,695         1,018,960  

Huntington Bancshares, Inc.

      288,006         1,857,639  

Prosperity Bancshares, Inc.

      10,215         467,847  

Regions Financial Corp.

      132,458         872,898  

TCF Financial Corp.

      35,188         418,385  

Valley National Bancorp(a)

      106,669         1,381,364  

Webster Financial Corp.

      9,932         225,158  

Zions Bancorp.

      5,040         108,158  
     

 

 

  
Total Banks               14,365,038  
Beverages – 0.9%   

Brown-Forman Corp. Class A

      10,833         882,456  

Molson Coors Brewing Co. Class B

      51,341         2,323,180  
     

 

 

  
Total Beverages               3,205,636  
Building Materials – 1.0%   

Lennox International, Inc.

      12,265         494,280  

Martin Marietta Materials, Inc.(a)

      10,722         918,125  

Masco Corp.

      130,486         1,744,598  

Simpson Manufacturing Co., Inc.

      7,938         256,000  
     

 

 

  
Total Building Materials               3,413,003  
Chemicals – 4.0%   

Airgas, Inc.

      13,621         1,211,861  

Albemarle Corp.

      13,564         867,011  

Ashland, Inc.

      10,978         670,317  
     

Cabot Corp.

      15,602       $ 665,893  

Cytec Industries, Inc.

      5,934         360,728  

Eastman Chemical Co.

      42,232         2,182,972  

FMC Corp.

      5,350         566,351  

Huntsman Corp.

      104,143         1,459,044  

International Flavors & Fragrances, Inc.

      20,132         1,179,735  

Kronos Worldwide, Inc.(a)

      43,111         1,075,188  

NewMarket Corp.

      2,215         415,091  

RPM International, Inc.

      51,631         1,352,216  

Sensient Technologies Corp.

      12,390         470,820  

Valspar Corp.

      19,563         944,697  

Westlake Chemical Corp.

      5,213         337,750  
     

 

 

  
Total Chemicals               13,759,674  
Coal – 0.3%   

Arch Coal, Inc.

      68,123         729,597  

Walter Energy, Inc.

      5,307         314,228  
     

 

 

  
Total Coal               1,043,825  
Commercial Services – 4.0%   

Aaron’s, Inc.

      1,752         45,377  

DeVry, Inc.

      6,230         211,010  

Equifax, Inc.

      21,537         953,228  

Global Payments, Inc.

      1,479         70,208  

H&R Block, Inc.

      124,440         2,049,527  

Iron Mountain, Inc.

      66,398         1,912,262  

Lender Processing Services, Inc.

      20,460         531,960  

Manpower, Inc.

      19,897         942,521  

Morningstar, Inc.

      1,825         115,066  

R.R. Donnelley & Sons Co.(a)

      146,613         1,816,535  

Rent-A-Center, Inc.

      11,350         428,462  

Robert Half International, Inc.

      31,690         960,207  

Rollins, Inc.

      19,787         421,067  

SEI Investments Co.

      28,467         588,982  

Service Corp. International

      49,227         554,296  

Sotheby’s

      8,282         325,814  

Total System Services, Inc.

      43,840         1,011,389  

Towers Watson & Co. Class A

      3,713         245,318  

Weight Watchers International, Inc.(a)

      9,261         714,857  
     

 

 

  
Total Commercial Services               13,898,086  
Computers – 1.2%   

Computer Sciences Corp.

      52,143         1,561,161  

Diebold, Inc.

      25,879         996,859  

DST Systems, Inc.

      6,996         379,393  

Jack Henry & Associates, Inc.

      11,604         395,929  

Lexmark International, Inc. Class A

      24,166         803,278  

Syntel, Inc.

      2,260         126,560  
     

 

 

  
Total Computers               4,263,180  
Distribution/Wholesale – 0.4%   

Owens & Minor, Inc.

      18,986         577,364  

Watsco, Inc.

      11,899         881,002  
     

 

 

  
Total Distribution/Wholesale               1,458,366  
Diversified Financial Services – 2.6%   

CBOE Holdings, Inc.

      18,000         511,560  

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Eaton Vance Corp.(a)

      40,760       $ 1,164,921  

Federated Investors, Inc. Class B(a)

      70,061         1,570,067  

Jefferies Group, Inc.

      50,573         952,795  

Legg Mason, Inc.

      19,881         555,276  

Raymond James Financial, Inc.

      23,729         866,820  

SLM Corp.

      163,855         2,582,355  

Waddell & Reed Financial, Inc. Class A

      29,616         959,855  
     

 

 

  
Total Diversified Financial Services               9,163,649  
Electric – 10.1%   

Alliant Energy Corp.

      47,437         2,054,971  

Cleco Corp.

      22,458         890,460  

CMS Energy Corp.

      108,839         2,394,458  

Great Plains Energy, Inc.

      58,497         1,185,734  

Hawaiian Electric Industries, Inc.

      48,456         1,228,360  

IDACORP, Inc.

      15,353         631,315  

Integrys Energy Group, Inc.

      44,322         2,348,623  

ITC Holdings Corp.

      10,559         812,409  

MDU Resources Group, Inc.

      64,922         1,453,603  

National Fuel Gas Co.

      22,475         1,081,497  

Northeast Utilities

      59,209         2,197,838  

NSTAR

      40,877         1,987,848  

NV Energy, Inc.

      85,028         1,370,651  

OGE Energy Corp.

      29,363         1,570,920  

Pepco Holdings, Inc.

      132,891         2,510,311  

Pinnacle West Capital Corp.

      53,063         2,541,718  

PNM Resources, Inc.

      26,354         482,278  

Portland General Electric Co.

      34,016         849,720  

SCANA Corp.(a)

      62,019         2,828,687  

TECO Energy, Inc.

      107,552         1,887,538  

UIL Holdings Corp.

      26,755         930,004  

Westar Energy, Inc.

      58,290         1,628,040  
     

 

 

  
Total Electric               34,866,983  
Electrical Components & Equipment – 0.9%   

Acuity Brands, Inc.

      4,637         291,343  

Hubbell, Inc. Class B

      13,418         1,054,386  

Molex, Inc.

      35,080         986,450  

Molex, Inc. Class A

      35,412         830,411  
     

 

 

  
Total Electrical Components & Equipment               3,162,590  
Electronics – 1.1%   

AVX Corp.

      42,600         564,876  

FLIR Systems, Inc.

      15,767         399,063  

Gentex Corp.

      26,621         652,215  

Jabil Circuit, Inc.

      36,020         904,822  

National Instruments Corp.

      19,990         570,115  

PerkinElmer, Inc.

      18,576         513,812  

Woodward, Inc.

      5,288         226,485  
     

 

 

  
Total Electronics               3,831,388  
Engineering & Construction – 0.2%   

EMCOR Group, Inc.

      5,871         162,744  

KBR, Inc.

      12,512         444,802  
     

 

 

  
Total Engineering & Construction               607,546  
     
Entertainment – 1.1%   

Cinemark Holdings, Inc.

      59,146       $ 1,298,255  

International Game Technology

      47,275         793,747  

Regal Entertainment Group Class A(a)

      88,985         1,210,196  

Six Flags Entertainment Corp.

      3,802         177,819  

Vail Resorts, Inc.

      5,475         236,794  
     

 

 

  
Total Entertainment               3,716,811  
Environmental Control – 0.3%   

Covanta Holding Corp.

      32,452         526,696  

Waste Connections, Inc.

      13,213         429,819  
     

 

 

  
Total Environmental Control               956,515  
Food – 1.3%   

Corn Products International, Inc.

      10,348         596,562  

Flowers Foods, Inc.(a)

      44,803         912,637  

Harris Teeter Supermarkets, Inc.

      6,848         274,605  

Lancaster Colony Corp.

      6,047         401,884  

McCormick & Co., Inc.

      31,878         1,735,120  

Tyson Foods, Inc. Class A

      25,096         480,588  
     

 

 

  
Total Food               4,401,396  
Forest Products & Paper – 0.6%   

MeadWestvaco Corp.

      63,931         2,019,580  
Gas – 3.7%   

AGL Resources, Inc.

      36,753         1,441,453  

Atmos Energy Corp.

      40,851         1,285,172  

New Jersey Resources Corp.

      14,080         627,546  

NiSource, Inc.

      123,705         3,012,217  

Piedmont Natural Gas Co., Inc.

      26,394         820,062  

Questar Corp.

      64,082         1,234,219  

South Jersey Industries, Inc.

      9,396         470,176  

Southwest Gas Corp.

      12,775         546,003  

UGI Corp.

      45,597         1,242,518  

Vectren Corp.

      42,431         1,233,045  

WGL Holdings, Inc.

      19,954         812,128  
     

 

 

  
Total Gas               12,724,539  
Hand/Machine Tools – 0.8%   

Kennametal, Inc.

      13,160         586,015  

Lincoln Electric Holdings, Inc.

      16,094         729,380  

Regal-Beloit Corp.

      6,554         429,615  

Snap-On, Inc.

      16,889         1,029,722  
     

 

 

  
Total Hand/Machine Tools               2,774,732  
Healthcare-Products – 0.8%   

Cooper Cos., Inc. (The)

      458         37,423  

DENTSPLY International, Inc.

      9,257         371,484  

Hill-Rom Holdings, Inc.

      8,858         295,946  

Patterson Cos., Inc.

      20,846         696,256  

STERIS Corp.

      14,749         466,363  

Techne Corp.

      6,673         467,777  

Teleflex, Inc.

      9,846         602,083  
     

 

 

  
Total Healthcare-Products               2,937,332  
Healthcare-Services – 0.3%   

Lincare Holdings, Inc.

      31,015         802,668  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      35   

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Universal Health Services, Inc. Class B

      5,139       $ 215,376  
     

 

 

  
Total Healthcare-Services               1,018,044  
Holding Companies-Diversified – 0.2%   

Leucadia National Corp.(a)

      29,016         757,318  
Home Builders – 0.3%   

D.R. Horton, Inc.

      42,288         641,509  

Lennar Corp. Class A(a)

      14,291         388,429  
     

 

 

  
Total Home Builders               1,029,938  
Home Furnishings – 0.8%   

Harman International Industries, Inc.

      6,391         299,163  

Whirlpool Corp.

      34,177         2,626,844  
     

 

 

  
Total Home Furnishings               2,926,007  
Household Products/Wares – 1.2%   

Avery Dennison Corp.

      40,711         1,226,622  

Church & Dwight Co., Inc.

      22,975         1,130,140  

Scotts Miracle-Gro Co. (The) Class A(a)

      17,632         954,949  

Tupperware Brands Corp.

      13,215         839,153  
     

 

 

  
Total Household Products/Wares               4,150,864  
Housewares – 0.4%      

Newell Rubbermaid, Inc.

      65,035         1,158,274  

Toro Co. (The)

      4,838         344,030  
     

 

 

  
Total Housewares               1,502,304  
Insurance – 6.5%   

American Financial Group, Inc.

      20,108         775,767  

American National Insurance Co.

      12,440         902,149  

AmTrust Financial Services, Inc.

      9,071         243,829  

Arthur J. Gallagher & Co.

      47,927         1,712,911  

Assurant, Inc.

      17,635         714,218  

Brown & Brown, Inc.

      23,144         550,364  

Cincinnati Financial Corp.

      92,260         3,183,893  

Erie Indemnity Co. Class A

      13,696         1,067,466  

Fidelity National Financial, Inc. Class A

      71,461         1,288,442  

Hanover Insurance Group, Inc. (The)

      16,543         680,248  

Harleysville Group, Inc.

      7,380         425,826  

HCC Insurance Holdings, Inc.

      25,391         791,438  

Kemper Corp.

      22,296         675,123  

Lincoln National Corp.

      54,398         1,433,931  

Mercury General Corp.

      30,988         1,355,415  

Old Republic International Corp.

      204,119         2,153,455  

Primerica, Inc.

      4,073         102,680  

ProAssurance Corp.

      4,120         363,013  

Protective Life Corp.

      26,644         789,195  

Reinsurance Group of America, Inc.

      11,319         673,141  

Torchmark Corp.

      12,059         601,141  

Unum Group

      63,667         1,558,568  

W.R. Berkley Corp.

      13,893         501,815  
     

 

 

  
Total Insurance               22,544,028  
Internet – 0.1%      

IAC/InterActiveCorp

      9,703         476,320  
     
Investment Companies – 1.0%      

Ares Capital Corp.

      208,650       $ 3,411,427  
Iron/Steel – 1.1%      

Allegheny Technologies, Inc.

      18,347         755,346  

Carpenter Technology Corp.

      6,983         364,722  

Commercial Metals Co.

      42,287         626,694  

Reliance Steel & Aluminum Co.

      8,096         457,262  

Steel Dynamics, Inc.

      74,569         1,084,233  

United States Steel Corp.(a)

      12,019         352,998  
     

 

 

  
Total Iron/Steel               3,641,255  
Leisure Time – 0.3%      

Brunswick Corp.

      2,682         69,062  

Polaris Industries, Inc.

      11,281         813,924  
     

 

 

  
Total Leisure Time               882,986  
Lodging – 0.5%      

Choice Hotels International, Inc.

      12,504         466,899  

Wyndham Worldwide Corp.

      28,331         1,317,675  
     

 

 

  
Total Lodging               1,784,574  
Machinery-Diversified – 0.9%      

Flowserve Corp.

      7,739         893,932  

Gardner Denver, Inc.

      1,385         87,282  

Graco, Inc.

      13,333         707,449  

IDEX Corp.

      16,784         707,110  

Nordson Corp.

      7,859         428,394  

Robbins & Myers, Inc.

      1,721         89,578  

Wabtec Corp.

      897         67,607  
     

 

 

  
Total Machinery-Diversified               2,981,352  
Media – 1.5%      

Cablevision Systems Corp. Class A

      101,425         1,488,919  

Factset Research Systems, Inc.

      5,720         566,509  

Gannett Co., Inc.

      61,585         944,098  

John Wiley & Sons, Inc. Class A

      9,944         473,235  

Scripps Networks Interactive, Inc. Class A

      12,695         618,119  

Viacom, Inc. Class A

      11,429         593,965  

Washington Post Co. (The) Class B(a)

      1,798         671,679  
     

 

 

  
Total Media               5,356,524  
Metal Fabricate/Hardware – 0.4%      

Timken Co. (The)

      22,182         1,125,515  

Valmont Industries, Inc.

      2,438         286,245  
     

 

 

  
Total Metal Fabricate/Hardware               1,411,760  
Mining – 0.5%      

Compass Minerals International, Inc.

      8,980         644,225  

Hecla Mining Co.(a)

      41,989         193,989  

Royal Gold, Inc.

      4,808         313,578  

Titanium Metals Corp.

      37,554         509,232  

Vulcan Materials Co.

      1,564         66,830  
     

 

 

  
Total Mining               1,727,854  
Miscellaneous Manufacturing – 2.7%      

Aptargroup, Inc.

      12,265         671,754  

Carlisle Cos., Inc.

      11,236         560,901  

CLARCOR, Inc.

      5,196         255,072  

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Crane Co.

      14,055       $ 681,667  

Donaldson Co., Inc.

      14,020         500,935  

Harsco Corp.

      35,180         825,323  

ITT Corp.

      18,996         435,768  

Leggett & Platt, Inc.(a)

      76,009         1,748,967  

Pall Corp.

      14,843         885,088  

Pentair, Inc.(a)

      24,485         1,165,731  

SPX Corp.

      9,334         723,665  

Textron, Inc.

      13,887         386,475  

Trinity Industries, Inc.

      11,055         364,262  
     

 

 

  
Total Miscellaneous Manufacturing               9,205,608  
Office/Business Equipment – 0.9%      

Pitney Bowes, Inc.(a)

      169,734         2,983,924  
Oil & Gas – 1.2%      

Berry Petroleum Co. Class A

      4,951         233,341  

Cimarex Energy Co.

      6,026         454,782  

Energen Corp.

      8,718         428,490  

EXCO Resources, Inc.(a)

      36,865         244,415  

Helmerich & Payne, Inc.

      5,754         310,428  

HollyFrontier Corp.

      39,818         1,280,149  

Patterson-UTI Energy, Inc.

      17,709         306,188  

QEP Resources, Inc.

      5,440         165,920  

SM Energy Co.

      990         70,062  

Sunoco, Inc.

      17,478         666,786  
     

 

 

  
Total Oil & Gas               4,160,561  
Oil & Gas Services – 0.5%      

CARBO Ceramics, Inc.(a)

      1,823         192,235  

Lufkin Industries, Inc.

      2,376         191,625  

Oceaneering International, Inc.

      15,519         836,319  

RPC, Inc.(a)

      54,472         577,948  
     

 

 

  
Total Oil & Gas Services               1,798,127  
Packaging & Containers – 1.8%      

Ball Corp.

      14,062         602,979  

Bemis Co., Inc.

      35,937         1,160,406  

Packaging Corp. of America

      34,704         1,026,891  

Rock-Tenn Co. Class A

      10,765         727,283  

Sealed Air Corp.

      60,905         1,176,075  

Silgan Holdings, Inc.

      8,660         382,772  

Sonoco Products Co.

      38,049         1,263,227  
     

 

 

  
Total Packaging & Containers               6,339,633  
Pharmaceuticals – 0.1%      

Medicis Pharmaceutical Corp. Class A

      6,620         248,846  

Omnicare, Inc.

      5,947         211,535  
     

 

 

  
Total Pharmaceuticals               460,381  
Real Estate – 0.1%      

Jones Lang LaSalle, Inc.

      2,433         202,693  
Real Estate Investment Trusts (REITs) – 19.9%      

Alexander’s, Inc.

      1,808         712,135  

Alexandria Real Estate Equities, Inc.

      18,814         1,375,868  

American Campus Communities, Inc.

      25,629         1,146,129  

Apartment Investment & Management Co. Class A

      28,747         759,208  
     

BioMed Realty Trust, Inc.

      73,767       $ 1,400,098  

BRE Properties, Inc.

      25,079         1,267,743  

Camden Property Trust

      25,700         1,689,775  

CBL & Associates Properties, Inc.

      88,545         1,675,271  

Colonial Properties Trust

      28,719         624,064  

DDR Corp.

      82,570         1,205,522  

Douglas Emmett, Inc.

      39,672         904,918  

Duke Realty Corp.

      160,086         2,295,633  

Entertainment Properties Trust

      32,363         1,500,996  

Equity Lifestyle Properties, Inc.

      10,254         715,114  

Equity One, Inc.

      66,319         1,340,970  

Essex Property Trust, Inc.

      11,180         1,693,882  

Extra Space Storage, Inc.

      24,011         691,277  

Federal Realty Investment Trust

      20,413         1,975,774  

Highwoods Properties, Inc.(a)

      45,243         1,507,497  

Home Properties, Inc.

      22,998         1,403,108  

Hospitality Properties Trust

      107,998         2,858,707  

Kilroy Realty Corp.

      24,093         1,122,975  

Kimco Realty Corp.

      208,612         4,017,867  

LaSalle Hotel Properties

      17,527         493,210  

Liberty Property Trust

      78,979         2,821,130  

Mack-Cali Realty Corp.

      65,331         1,882,839  

Mid-America Apartment Communities, Inc.

      17,216         1,153,988  

National Retail Properties, Inc.

      66,431         1,806,259  

Omega Healthcare Investors, Inc.

      93,732         1,992,742  

Piedmont Office Realty Trust, Inc. Class A

      139,967         2,484,414  

Plum Creek Timber Co., Inc.

      81,317         3,379,535  

Post Properties, Inc.

      11,651         545,966  

Rayonier, Inc.

      50,525         2,227,647  

Realty Income Corp.

      72,118         2,793,130  

Regency Centers Corp.

      49,297         2,192,731  

RLJ Lodging Trust

      40,995         763,737  

Senior Housing Properties Trust

      120,422         2,655,305  

SL Green Realty Corp.

      5,636         437,072  

Tanger Factory Outlet Centers

      25,956         771,672  

Taubman Centers, Inc.

      17,449         1,272,905  

UDR, Inc.

      77,968         2,082,525  

Washington Real Estate Investment Trust

      45,441         1,349,598  

Weingarten Realty Investors

      67,614         1,787,038  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               68,777,974  
Retail – 4.0%      

Abercrombie & Fitch Co. Class A

      13,898         689,480  

Advance Auto Parts, Inc.

      2,725         241,353  

American Eagle Outfitters, Inc.

      60,347         1,037,365  

Brinker International, Inc.

      22,182         611,114  

Buckle, Inc. (The)

      10,335         495,047  

Casey’s General Stores, Inc.

      5,189         287,782  

Chico’s FAS, Inc.

      34,339         518,519  

Darden Restaurants, Inc.

      55,099         2,818,865  

Dick’s Sporting Goods, Inc.

      14,243         684,803  

Dillard’s, Inc. Class A

      2,270         143,055  

Foot Locker, Inc.

      44,845         1,392,437  

Guess?, Inc.

      27,916         872,375  

HSN, Inc.

      8,942         340,064  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      37   

Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Dividend Fund (DON)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

MSC Industrial Direct Co. Class A

      7,351       $ 612,191  

Penske Automotive Group, Inc.

      17,683         435,532  

PetSmart, Inc.

      13,430         768,465  

PriceSmart, Inc.

      3,002         218,576  

PVH Corp.

      1,559         139,266  

Tractor Supply Co.

      4,982         451,170  

Wendy’s Co. (The)

      65,330         327,303  

Williams-Sonoma, Inc.

      19,630         735,732  

World Fuel Services Corp.

      2,751         112,791  
     

 

 

  
Total Retail               13,933,285  
Savings & Loans – 3.9%      

BankUnited, Inc.

      25,906         647,650  

Capitol Federal Financial, Inc.

      46,665         553,447  

First Niagara Financial Group, Inc.

      231,909         2,281,985  

Hudson City Bancorp, Inc.

      304,436         2,225,427  

New York Community Bancorp, Inc.(a)

      385,350         5,360,218  

People’s United Financial, Inc.

      193,816         2,566,124  
     

 

 

  
Total Savings & Loans               13,634,851  
Software – 0.8%      

Broadridge Financial Solutions, Inc.

      37,286         891,508  

Dun & Bradstreet Corp. (The)(a)

      10,474         887,462  

Quality Systems, Inc.

      12,399         542,208  

Solera Holdings, Inc.

      6,488         297,735  
     

 

 

  
Total Software               2,618,913  
Telecommunications – 4.4%      

ADTRAN, Inc.

      8,317         259,407  

Frontier Communications Corp.(a)

      1,603,688         6,687,379  

Harris Corp.(a)

      39,704         1,789,856  

InterDigital, Inc.

      4,919         171,477  

Virgin Media, Inc.

      22,837         570,468  

Windstream Corp.

      477,788         5,594,898  
     

 

 

  
Total Telecommunications               15,073,485  
Textiles – 0.3%      

Cintas Corp.

      24,563         960,905  
Toys/Games/Hobbies – 0.5%      

Hasbro, Inc.

      47,917         1,759,512  
Transportation – 0.8%      

Bristow Group, Inc.

      5,274         251,728  

JB Hunt Transport Services, Inc.

      14,787         803,969  

Landstar System, Inc.

      2,345         135,353  

Ryder System, Inc.

      12,306         649,757  

Tidewater, Inc.

      11,531         622,905  

Werner Enterprises, Inc.

      6,679         166,040  
     

 

 

  
Total Transportation               2,629,752  
Trucking & Leasing – 0.2%      

GATX Corp.

      13,869         558,921  
Water – 0.8%      

American Water Works Co., Inc.

      55,459         1,887,270  

Aqua America, Inc.

      45,423         1,012,478  
     

 

 

  
Total Water               2,899,748  
TOTAL COMMON STOCKS
(Cost: $305,676,278)		               343,402,329  
     
EXCHANGE-TRADED FUND – 0.5%      

WisdomTree LargeCap Dividend Fund(b)

      
(Cost: $1,573,589)      34,971       $ 1,852,064  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.2%      
MONEY MARKET FUND – 8.2%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $28,326,236)(d)      28,326,236         28,326,236  
TOTAL INVESTMENTS IN SECURITIES – 108.0%
(Cost: $335,576,103)		         373,580,629  

Liabilities in Excess of Other Assets – (8.0)%

         (27,617,537 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 345,963,092  
(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company. (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $27,592,022 and the total market value of the collateral held by the Fund was $28,326,236.

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 108.1%   
COMMON STOCKS – 99.1%   
Advertising – 0.2%   

Harte-Hanks, Inc.

      50,294       $ 455,161  

Marchex, Inc. Class B

      7,077         31,563  
     

 

 

  
Total Advertising               486,724  
Aerospace/Defense – 0.5%   

AAR Corp.

      16,893         308,297  

Cubic Corp.

      2,686         126,994  

Curtiss-Wright Corp.

      10,666         394,749  

HEICO Corp.

      803         41,427  

HEICO Corp. Class A

      1,760         70,664  

Kaman Corp.

      14,692         498,793  

National Presto Industries, Inc.(a)

      1,760         133,514  
     

 

 

  
Total Aerospace/Defense               1,574,438  
Agriculture – 1.4%   

Andersons, Inc. (The)

      4,570         222,513  

Griffin Land & Nurseries, Inc.

      1,786         47,168  

Limoneira Co.

      2,074         35,030  

Universal Corp.

      25,606         1,193,240  

Vector Group Ltd.(a)

      171,889         3,045,873  
     

 

 

  
Total Agriculture               4,543,824  
Airlines – 0.1%   

SkyWest, Inc.

      15,679         173,253  
Apparel – 0.4%   

Cherokee, Inc.

      13,091         149,106  

Jones Group, Inc. (The)

      41,173         517,133  

Oxford Industries, Inc.

      4,958         251,965  

R.G. Barry Corp.

      6,003         73,237  

Weyco Group, Inc.

      7,067         167,488  
     

 

 

  
Total Apparel               1,158,929  
Auto Parts & Equipment – 0.7%   

Cooper Tire & Rubber Co.

      47,684         725,750  

Douglas Dynamics, Inc.

      29,570         406,588  

Miller Industries, Inc.

      8,083         136,764  

Spartan Motors, Inc.

      16,867         89,226  

Standard Motor Products, Inc.

      7,711         136,793  

Superior Industries International, Inc.

      27,225         531,977  

Titan International, Inc.

      1,247         29,492  
     

 

 

  
Total Auto Parts & Equipment               2,056,590  
Banks – 12.7%   

1st Source Corp.

      15,337         375,296  

Alliance Financial Corp.

      4,766         144,457  

American National Bankshares, Inc.

      8,874         189,016  

Ames National Corp.(a)

      6,196         147,465  

Arrow Financial Corp.

      11,838         288,847  

BancFirst Corp.

      10,958         477,330  

BancorpSouth, Inc.(a)

      10,485         141,233  

Bank of Kentucky Financial Corp.(a)

      4,658         119,850  

Bank of Marin Bancorp(a)

      2,339         88,905  

Bank of the Ozarks, Inc.

      11,595         362,460  

Banner Corp.

      938         20,664  
     

Boston Private Financial Holdings, Inc.

      9,782       $ 96,940  

Bridge Bancorp, Inc.(a)

      7,457         156,373  

Bryn Mawr Bank Corp.

      9,586         215,110  

Camden National Corp.

      5,868         206,260  

Cardinal Financial Corp.

      7,547         85,281  

Cass Information Systems, Inc.(a)

      4,134         165,153  

Cathay General Bancorp

      5,486         97,102  

Center Bancorp, Inc.

      4,532         45,456  

Centerstate Banks, Inc.(a)

      4,640         37,862  

Century Bancorp, Inc. Class A

      1,444         39,421  

Chemical Financial Corp.

      26,240         615,066  

Citizens & Northern Corp.

      10,131         202,620  

City Holding Co.(a)

      15,145         525,834  

CNB Financial Corp.(a)

      11,089         185,297  

CoBiz Financial, Inc.

      6,227         44,025  

Columbia Banking System, Inc.(a)

      16,812         382,977  

Community Bank System, Inc.

      34,818         1,002,062  

Community Trust Bancorp, Inc.

      16,437         527,135  

CVB Financial Corp.

      90,151         1,058,373  

Enterprise Bancorp, Inc.(a)

      6,424         105,611  

Enterprise Financial Services Corp.

      5,921         69,513  

FNB Corp.(a)

      136,761         1,652,073  

Financial Institutions, Inc.(a)

      10,647         172,162  

First Bancorp

      11,176         122,154  

First Bancorp, Inc.

      12,498         185,345  

First Busey Corp.(a)

      63,745         314,900  

First Citizens BancShares, Inc. Class A

      1,471         268,737  

First Commonwealth Financial Corp.

      63,747         390,132  

First Community Bancshares, Inc.

      13,635         182,164  

First Connecticut Bancorp, Inc.

      3,769         49,713  

First Financial Bancorp

      96,335         1,666,596  

First Financial Bankshares, Inc.(a)

      23,069         812,260  

First Financial Corp.

      8,802         279,464  

First Interstate Bancsystem, Inc.

      14,435         211,040  

First Merchants Corp.

      3,124         38,550  

First Midwest Bancorp, Inc.

      7,609         91,156  

First of Long Island Corp. (The)

      7,130         188,945  

German American Bancorp, Inc.(a)

      8,885         172,636  

Glacier Bancorp, Inc.

      78,123         1,167,158  

Great Southern Bancorp, Inc.

      10,274         246,576  

Heartland Financial USA, Inc.(a)

      9,554         165,666  

Heritage Financial Corp.

      5,560         75,616  

Home Bancshares, Inc.

      9,079         241,592  

Hudson Valley Holding Corp.

      17,573         283,453  

Iberiabank Corp.

      19,915         1,064,855  

Independent Bank Corp.

      15,281         439,023  

International Bancshares Corp.

      35,643         753,849  

Lakeland Bancorp, Inc.

      17,014         167,588  

Lakeland Financial Corp.

      9,449         245,957  

MainSource Financial Group, Inc.

      2,522         30,390  

MB Financial, Inc.(a)

      3,164         66,412  

Merchants Bancshares, Inc.

      5,952         167,727  

Midsouth Bancorp, Inc.(a)

      4,447         60,479  

National Bankshares, Inc.(a)

      6,241         187,854  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      39   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

National Penn Bancshares, Inc.(a)

      71,094       $ 629,182  

NBT Bancorp, Inc.

      30,329         669,664  

Old National Bancorp

      55,583         730,361  

Pacific Continental Corp.

      10,109         95,227  

PacWest Bancorp

      34,525         838,958  

Park National Corp.(a)

      23,095         1,597,481  

Penns Woods Bancorp, Inc.(a)

      4,481         183,183  

Peoples Bancorp, Inc.(a)

      6,810         119,447  

PrivateBancorp, Inc.

      7,725         117,188  

Renasant Corp.(a)

      28,592         465,478  

Republic Bancorp, Inc. Class A

      11,905         284,768  

S&T Bancorp, Inc.(a)

      21,507         466,487  

S.Y. Bancorp, Inc.

      11,343         263,158  

Sandy Spring Bancorp, Inc.

      13,303         241,716  

SCBT Financial Corp.

      8,010         262,007  

Sierra Bancorp

      9,111         89,561  

Simmons First National Corp. Class A

      11,539         298,052  

Southside Bancshares, Inc.

      12,735         281,444  

StellarOne Corp.

      7,711         91,530  

Sterling Bancorp

      31,905         305,969  

Susquehanna Bancshares, Inc.

      76,284         753,686  

Synovus Financial Corp.(a)

      558,262         1,144,437  

Tompkins Financial Corp.(a)

      9,772         391,466  

TowneBank

      17,785         239,920  

Trico Bancshares

      9,267         161,431  

TrustCo Bank Corp.

      111,350         635,809  

Trustmark Corp.

      64,107         1,601,393  

UMB Financial Corp.

      22,984         1,028,189  

Umpqua Holdings Corp.

      62,865         852,449  

Union First Market Bankshares Corp.

      13,122         183,708  

United Bankshares, Inc.(a)

      54,263         1,566,030  

Univest Corp. of Pennsylvania

      22,698         380,872  

Washington Banking Co.

      6,386         88,191  

Washington Trust Bancorp, Inc.

      14,221         343,295  

WesBanco, Inc.

      22,144         445,980  

West Bancorp., Inc.

      11,989         119,770  

Westamerica Bancorp.

      24,449         1,173,552  

Wintrust Financial Corp.

      5,874         210,230  
     

 

 

  
Total Banks               39,732,485  
Beverages – 0.1%   

Coca-Cola Bottling Co. Consolidated

      3,084         193,490  
Biotechnology – 0.7%   

PDL BioPharma, Inc.(a)

      331,594         2,105,622  
Building Materials – 0.6%   

AAON, Inc.(a)

      6,673         134,728  

Apogee Enterprises, Inc.

      20,351         263,545  

Comfort Systems USA, Inc.(a)

      17,209         187,750  

Eagle Materials, Inc.

      19,177         666,401  

Griffon Corp.

      13,073         139,881  

LSI Industries, Inc.

      23,007         168,641  

Quanex Building Products Corp.

      10,398         183,317  

Universal Forest Products, Inc.

      6,676         230,189  
     

 

 

  
Total Building Materials               1,974,452  
     
Chemicals – 1.7%   

A. Schulman, Inc.

      23,145       $ 625,378  

Aceto Corp.

      19,466         184,732  

American Vanguard Corp.

      5,654         122,635  

Balchem Corp.

      2,617         79,164  

H.B. Fuller Co.

      16,780         550,887  

Hawkins, Inc.

      4,301         159,997  

Innophos Holdings, Inc.

      10,882         545,406  

KMG Chemicals, Inc.

      1,633         29,476  

Minerals Technologies, Inc.(a)

      1,507         98,573  

Oil-Dri Corp. of America(a)

      4,197         89,354  

Olin Corp.

      81,092         1,763,751  

PolyOne Corp.

      33,535         482,904  

Quaker Chemical Corp.

      8,418         332,090  

Stepan Co.

      3,547         311,427  

Zep, Inc.

      5,509         79,330  
     

 

 

  
Total Chemicals               5,455,104  
Commercial Services – 4.3%   

ABM Industries, Inc.

      34,514         838,690  

Advance America, Cash Advance Centers, Inc.

      42,766         448,615  

Arbitron, Inc.

      7,289         269,547  

Barrett Business Services, Inc.

      5,356         106,210  

Brink’s Co. (The)(a)

      18,749         447,539  

Carriage Services, Inc.

      7,667         57,886  

CDI Corp.

      18,080         324,174  

Chemed Corp.

      6,239         391,061  

Collectors Universe, Inc.

      18,099         312,027  

Corporate Executive Board Co. (The)(a)

      12,976         558,098  

Deluxe Corp.(a)

      57,344         1,342,996  

Electro Rent Corp.

      28,339         521,721  

Great Lakes Dredge & Dock Corp.

      21,834         157,641  

Healthcare Services Group, Inc.

      57,775         1,228,874  

Heartland Payment Systems, Inc.(a)

      6,251         180,279  

Heidrick & Struggles International, Inc.

      10,624         234,047  

Insperity, Inc.

      15,320         469,405  

Intersections, Inc.

      31,012         396,333  

Kelly Services, Inc. Class A

      12,619         201,778  

Landauer, Inc.

      10,005         530,465  

Lincoln Educational Services Corp.

      20,478         161,981  

Mac-Gray Corp.

      5,573         84,320  

Matthews International Corp. Class A

      7,921         250,620  

MAXIMUS, Inc.

      7,032         285,991  

McGrath Rentcorp

      19,714         633,017  

Monro Muffler Brake, Inc.

      6,608         274,166  

Multi-Color Corp.

      3,002         67,575  

National American University Holdings, Inc.

      10,988         69,224  

National Research Corp.

      3,973         170,601  

Quad Graphics, Inc.(a)

      45,036         626,000  

Resources Connection, Inc.

      21,933         308,159  

Stewart Enterprises, Inc. Class A(a)

      51,448         312,289  

Strayer Education, Inc.(a)

      12,931         1,219,135  

Viad Corp.

      4,346         84,443  
     

 

 

  
Total Commercial Services               13,564,907  

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Computers – 0.5%   

j2 Global, Inc.(a)

      35,595       $ 1,020,865  

MTS Systems Corp.

      9,753         517,787  

Rimage Corp.

      14,241         142,552  
     

 

 

  
Total Computers               1,681,204  
Cosmetics/Personal Care – 0.1%   

Inter Parfums, Inc.

      12,639         198,306  
Distribution/Wholesale – 0.6%   

Core-Mark Holding Co., Inc.

      4,815         197,126  

Houston Wire & Cable Co.

      11,644         161,735  

Pool Corp.

      22,540         843,447  

United Stationers, Inc.(a)

      17,363         538,774  
     

 

 

  
Total Distribution/Wholesale               1,741,082  
Diversified Financial Services – 4.0%   

Artio Global Investors, Inc.(a)

      64,746         308,838  

Asta Funding, Inc.

      4,331         35,384  

BGC Partners, Inc. Class A(a)

      266,862         1,972,110  

Calamos Asset Management, Inc. Class A

      13,939         182,740  

Cohen & Steers, Inc.

      23,044         735,104  

Duff & Phelps Corp. Class A

      16,157         251,080  

Edelman Financial Group, Inc.

      20,287         134,097  

Epoch Holding Corp.

      7,998         190,992  

Evercore Partners, Inc. Class A

      19,889         578,173  

Federal Agricultural Mortgage Corp. Class C

      2,357         53,504  

FXCM, Inc. Class A

      8,474         110,077  

Gain Capital Holdings, Inc.

      24,152         121,243  

GAMCO Investors, Inc. Class A

      543         26,938  

GFI Group, Inc.

      139,849         525,832  

Greenhill & Co., Inc.(a)

      33,059         1,442,695  

Horizon Technology Finance Corp.

      21,019         349,126  

Interactive Brokers Group, Inc. Class A

      29,700         504,900  

Janus Capital Group, Inc.

      149,714         1,333,952  

JMP Group, Inc.

      8,436         62,258  

KBW, Inc.(a)

      11,112         205,572  

MarketAxess Holdings, Inc.

      11,503         428,947  

Marlin Business Services Corp.

      5,409         81,460  

Medley Capital Corp.

      42,725         481,511  

Nelnet, Inc. Class A

      14,430         373,881  

Oppenheimer Holdings, Inc. Class A

      8,752         151,847  

Pzena Investment Management, Inc. Class A

      5,930         34,690  

Solar Senior Capital Ltd.

      14,779         238,090  

US Global Investors, Inc. Class A

      12,367         89,661  

Walter Investment Management Corp.(a)

      60,929         1,373,949  

Westwood Holdings Group, Inc.

      7,163         277,423  
     

 

 

  
Total Diversified Financial Services               12,656,074  
Electric – 3.8%   

ALLETE, Inc.

      39,762         1,649,725  

Avista Corp.

      61,474         1,572,505  

Black Hills Corp.(a)

      43,315         1,452,352  

Central Vermont Public Service Corp.

      8,327         293,111  

CH Energy Group, Inc.

      14,286         953,305  

El Paso Electric Co.

      25,432         826,286  
     

MGE Energy, Inc.

      19,039       $ 845,141  

NorthWestern Corp.

      37,052         1,313,864  

Otter Tail Corp.(a)

      48,334         1,048,848  

Unisource Energy Corp.

      40,902         1,495,786  

Unitil Corp.

      12,792         343,209  
     

 

 

  
Total Electric               11,794,132  
Electrical Components & Equipment – 0.3%   

Belden, Inc.

      6,987         264,877  

Encore Wire Corp.

      1,757         52,236  

Graham Corp.

      1,048         22,941  

Insteel Industries, Inc.

      4,647         56,461  

Littelfuse, Inc.

      9,388         588,627  

Vicor Corp.

      13,682         109,456  
     

 

 

  
Total Electrical Components & Equipment               1,094,598  
Electronics – 1.1%   

American Science & Engineering, Inc.

      6,241         418,459  

Analogic Corp.

      2,161         145,954  

Badger Meter, Inc.(a)

      8,720         296,393  

Bel Fuse, Inc. Class B

      3,465         61,227  

Brady Corp. Class A

      28,118         909,617  

CTS Corp.

      11,631         122,358  

Daktronics, Inc.

      11,384         101,204  

DDi Corp.

      22,687         276,781  

ESCO Technologies, Inc.

      7,843         288,387  

Methode Electronics, Inc.

      29,008         269,194  

Park Electrochemical Corp.

      7,563         228,630  

Watts Water Technologies, Inc. Class A

      8,891         362,308  
     

 

 

  
Total Electronics               3,480,512  
Energy-Alternate Sources – 0.1%   

FutureFuel Corp.(a)

      31,196         342,532  
Engineering & Construction – 0.2%   

Granite Construction, Inc.

      20,526         589,917  

VSE Corp.

      1,463         36,297  
     

 

 

  
Total Engineering & Construction               626,214  
Entertainment – 0.8%   

Churchill Downs, Inc.

      4,248         237,463  

International Speedway Corp. Class A

      4,734         131,368  

National CineMedia, Inc.

      96,777         1,480,688  

Speedway Motorsports, Inc.

      30,764         574,672  
     

 

 

  
Total Entertainment               2,424,191  
Environmental Control – 0.5%   

Met-Pro Corp.(a)

      10,726         113,267  

Mine Safety Appliances Co.(a)

      28,202         1,158,538  

U.S. Ecology, Inc.

      17,926         389,711  
     

 

 

  
Total Environmental Control               1,661,516  
Food – 2.1%   

Arden Group, Inc. Class A

      786         71,440  

B&G Foods, Inc.

      46,735         1,052,005  

Calavo Growers, Inc.(a)

      7,513         201,198  

Cal-Maine Foods, Inc.(a)

      2,706         103,532  

Ingles Markets, Inc. Class A

      13,496         238,070  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      41   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

J&J Snack Foods Corp.

      4,003       $ 209,997  

Nash Finch Co.

      7,101         201,810  

Sanderson Farms, Inc.(a)

      7,098         376,407  

Snyders-Lance, Inc.

      49,275         1,273,759  

Spartan Stores, Inc.

      8,084         146,482  

SUPERVALU, Inc.(a)

      250,264         1,429,007  

Tootsie Roll Industries, Inc.(a)

      12,064         276,386  

Village Super Market, Inc. Class A

      2,446         77,269  

Weis Markets, Inc.

      19,362         844,183  
     

 

 

  
Total Food               6,501,545  
Forest Products & Paper – 0.5%   

Buckeye Technologies, Inc.

      7,308         248,253  

Deltic Timber Corp.

      1,545         97,783  

Neenah Paper, Inc.

      8,152         242,440  

Orchids Paper Products Co.

      8,818         158,636  

PH Glatfelter Co.

      26,279         414,683  

Schweitzer-Mauduit International, Inc.

      3,505         242,055  

Wausau Paper Corp.

      16,940         158,897  
     

 

 

  
Total Forest Products & Paper               1,562,747  
Gas – 0.7%   

Chesapeake Utilities Corp.

      7,305         300,382  

Laclede Group, Inc. (The)

      22,499         877,911  

Northwest Natural Gas Co.

      24,771         1,124,603  
     

 

 

  
Total Gas               2,302,896  
Hand/Machine Tools – 0.1%   

Franklin Electric Co., Inc.

      6,953         341,184  

Hardinge, Inc.

      2,492         23,574  
     

 

 

  
Total Hand/Machine Tools               364,758  
Healthcare-Products – 0.6%   

Atrion Corp.

      388         81,561  

Cantel Medical Corp.

      3,320         83,299  

Female Health Co. (The)(a)

      26,921         145,912  

Invacare Corp.

      2,333         38,658  

Meridian Bioscience, Inc.

      40,257         780,181  

West Pharmaceutical Services, Inc.

      15,900         676,227  

Young Innovations, Inc.

      1,008         31,167  
     

 

 

  
Total Healthcare-Products               1,837,005  
Healthcare-Services – 0.3%   

Assisted Living Concepts, Inc. Class A

      13,714         227,789  

Ensign Group, Inc. (The)

      4,477         121,595  

National Healthcare Corp.

      9,646         439,472  

U.S. Physical Therapy, Inc.

      4,572         105,385  
     

 

 

  
Total Healthcare-Services               894,241  
Holding Companies-Diversified – 0.1%   

Primoris Services Corp.

      10,061         161,580  
Home Builders – 1.2%   

KB Home(a)

      66,242         589,554  

Lennar Corp. Class B

      8,199         183,248  

MDC Holdings, Inc.(a)

      69,481         1,791,915  

Ryland Group, Inc. (The)

      8,752         168,738  

Thor Industries, Inc.

      34,726         1,095,953  
     

 

 

  
Total Home Builders               3,829,408  
     
Home Furnishings – 0.2%      

Ethan Allen Interiors, Inc.

      8,627       $ 218,436  

Hooker Furniture Corp.

      9,572         130,658  

Kimball International, Inc. Class B

      22,718         156,981  
     

 

 

  
Total Home Furnishings               506,075  
Household Products/Wares – 0.5%      

American Greetings Corp. Class A

      32,842         503,796  

Blyth, Inc.

      727         54,401  

CSS Industries, Inc.

      7,245         140,988  

Ennis, Inc.(a)

      28,880         456,882  

WD-40 Co.

      10,588         480,166  
     

 

 

  
Total Household Products/Wares               1,636,233  
Housewares – 0.0%      

Lifetime Brands, Inc.

      2,355         26,470  
Insurance – 3.7%      

American Equity Investment Life Holding Co.

      15,949         203,669  

Baldwin & Lyons, Inc. Class B

      12,956         289,955  

Crawford & Co. Class A

      20,795         81,101  

Crawford & Co. Class B

      7,825         38,342  

Delphi Financial Group, Inc. Class A

      22,275         997,252  

Donegal Group, Inc. Class A

      15,605         213,320  

EMC Insurance Group, Inc.

      11,854         238,147  

Employers Holdings, Inc.

      11,447         202,726  

FBL Financial Group, Inc. Class A

      8,455         284,934  

First American Financial Corp.

      49,411         821,705  

Horace Mann Educators Corp.

      31,879         561,708  

Independence Holding Co.(a)

      2,482         24,721  

Infinity Property & Casualty Corp.

      3,580         187,341  

Kansas City Life Insurance Co.(a)

      9,143         294,405  

Life Partners Holdings, Inc.

      58,434         237,826  

Meadowbrook Insurance Group, Inc.

      23,494         219,199  

National Interstate Corp.

      6,822         174,507  

National Western Life Insurance Co. Class A

      230         31,480  

Presidential Life Corp.

      17,416         199,065  

Radian Group, Inc.(a)

      14,469         62,940  

RLI Corp.(a)

      8,397         601,561  

Safety Insurance Group, Inc.

      18,279         761,138  

SeaBright Holdings, Inc.

      14,615         132,850  

Selective Insurance Group, Inc.

      39,068         687,987  

StanCorp Financial Group, Inc.

      27,097         1,109,351  

State Auto Financial Corp.

      46,938         685,764  

Stewart Information Services Corp.(a)

      2,437         34,630  

Symetra Financial Corp.

      75,498         870,492  

Tower Group, Inc.

      35,310         792,003  

United Fire Group, Inc.

      18,489         330,768  

Universal Insurance Holdings, Inc.

      81,895         318,572  
     

 

 

  
Total Insurance               11,689,459  
Internet – 0.7%      

Earthlink, Inc.

      84,616         676,082  

Keynote Systems, Inc.

      4,946         97,733  

Nutrisystem, Inc.(a)

      36,697         412,107  

PC-Tel, Inc.

      7,323         48,698  

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

United Online, Inc.

      164,533       $ 804,566  
     

 

 

  
Total Internet               2,039,186  
Investment Companies – 8.3%      

Apollo Investment Corp.

      833,353         5,975,141  

Arlington Asset Investment Corp. Class A

      27,273         605,461  

BlackRock Kelso Capital Corp.

      213,198         2,093,604  

Capital Southwest Corp.

      883         83,488  

Fifth Street Finance Corp.(a)

      231,961         2,263,939  

Gladstone Capital Corp.

      54,183         439,424  

Golub Capital BDC, Inc.(a)

      42,217         644,654  

Kohlberg Capital Corp.

      60,679         419,292  

Main Street Capital Corp.(a)

      52,274         1,287,509  

MCG Capital Corp.

      306,626         1,303,160  

Medallion Financial Corp.

      27,030         301,655  

MVC Capital, Inc.

      22,292         292,694  

New Mountain Finance Corp.

      23,332         320,582  

NGP Capital Resources Co.

      50,187         328,725  

PennantPark Investment Corp.

      120,598         1,254,219  

Prospect Capital Corp.

      350,149         3,844,636  

Solar Capital Ltd.

      96,243         2,124,083  

THL Credit, Inc.

      47,985         617,087  

TICC Capital Corp.

      91,065         886,973  

Triangle Capital Corp.(a)

      55,426         1,094,663  
     

 

 

  
Total Investment Companies               26,180,989  
Iron/Steel – 0.2%      

AK Steel Holding Corp.(a)

      69,939         528,739  

Schnitzer Steel Industries, Inc. Class A

      787         31,397  
     

 

 

  
Total Iron/Steel               560,136  
Leisure Time – 0.0%      

Callaway Golf Co.

      12,199         82,465  
Lodging – 0.2%      

Ameristar Casinos, Inc.

      19,201         357,715  

Marcus Corp.

      13,466         168,998  
     

 

 

  
Total Lodging               526,713  
Machinery-Diversified – 1.4%      

Alamo Group, Inc.

      2,445         73,497  

Albany International Corp. Class A

      14,666         336,585  

Applied Industrial Technologies, Inc.

      22,998         945,908  

Briggs & Stratton Corp.(a)

      34,936         626,403  

Cascade Corp.

      5,987         300,068  

Cognex Corp.

      11,748         497,645  

Gorman-Rupp Co. (The)

      6,574         191,829  

Lindsay Corp.(a)

      2,093         138,703  

Manitowoc Co., Inc. (The)

      29,057         402,730  

NACCO Industries, Inc. Class A

      4,298         500,158  

Tennant Co.

      7,856         345,664  

Twin Disc, Inc.(a)

      2,493         65,042  
     

 

 

  
Total Machinery-Diversified               4,424,232  
Media – 1.3%      

Belo Corp. Class A

      79,931         573,105  

CBS Corp. Class A

      16,391         560,900  
     

Courier Corp.

      22,638       $ 262,601  

Meredith Corp.(a)

      43,914         1,425,448  

Scholastic Corp.

      11,148         393,302  

Sinclair Broadcast Group, Inc. Class A

      58,051         642,044  

World Wrestling Entertainment, Inc. Class A(a)

      33,399         296,249  
     

 

 

  
Total Media               4,153,649  
Metal Fabricate/Hardware – 1.1%      

Ampco-Pittsburgh Corp.

      9,107         183,324  

CIRCOR International, Inc.

      1,883         62,647  

Dynamic Materials Corp.

      2,579         54,443  

Eastern Co. (The)(a)

      2,670         53,400  

Haynes International, Inc.

      4,878         309,021  

Kaydon Corp.

      21,340         544,383  

L.B. Foster Co. Class A

      870         24,804  

Lawson Products, Inc.

      5,972         90,237  

Mueller Industries, Inc.

      9,766         443,865  

Mueller Water Products, Inc. Class A

      128,358         427,432  

Olympic Steel, Inc.

      887         21,288  

Sun Hydraulics Corp.

      10,554         276,093  

Worthington Industries, Inc.(a)

      51,364         985,161  
     

 

 

  
Total Metal Fabricate/Hardware               3,476,098  
Mining – 0.8%      

AMCOL International Corp.

      20,747         611,829  

Globe Specialty Metals, Inc.

      27,504         408,985  

Gold Resource Corp.

      35,269         857,389  

Kaiser Aluminum Corp.(a)

      10,351         489,188  

Noranda Aluminum Holding Corp.

      23,639         235,681  
     

 

 

  
Total Mining               2,603,072  
Miscellaneous Manufacturing – 1.8%      

A.O. Smith Corp.(a)

      15,719         706,569  

Actuant Corp. Class A

      3,038         88,072  

AZZ, Inc.

      6,966         359,724  

Barnes Group, Inc.

      23,038         606,130  

Chase Corp.(a)

      5,998         94,469  

Hillenbrand, Inc.

      53,991         1,239,093  

John Bean Technologies Corp.

      12,434         201,431  

Koppers Holdings, Inc.

      13,866         534,673  

Movado Group, Inc.

      2,788         68,445  

Myers Industries, Inc.

      17,531         258,582  

NL Industries, Inc.(a)

      45,760         681,824  

Raven Industries, Inc.

      5,311         324,024  

Standex International Corp.

      2,520         103,799  

Sturm Ruger & Co., Inc.

      7,828         384,355  

Tredegar Corp.

      6,380         124,984  
     

 

 

  
Total Miscellaneous Manufacturing               5,776,174  
Office Furnishings – 0.9%      

CompX International, Inc.

      1,931         26,860  

Herman Miller, Inc.

      6,082         139,643  

HNI Corp.

      41,409         1,149,100  

Interface, Inc. Class A

      10,178         141,983  

Knoll, Inc.

      32,846         546,558  

Steelcase, Inc. Class A

      74,179         712,118  
     

 

 

  
Total Office Furnishings               2,716,262  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      43   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Oil & Gas – 0.4%      

Adams Resources & Energy, Inc.

      2,025       $ 115,790  

Alon USA Energy, Inc.

      25,266         228,657  

Delek US Holdings, Inc.

      19,660         304,927  

Panhandle Oil and Gas, Inc. Class A

      1,639         48,318  

Penn Virginia Corp.

      50,817         231,217  

W&T Offshore, Inc.(a)

      13,914         293,307  
     

 

 

  
Total Oil & Gas               1,222,216  
Oil & Gas Services – 0.5%      

Gulf Island Fabrication, Inc.

      2,959         86,610  

Targa Resources Corp.

      32,814         1,491,396  
     

 

 

  
Total Oil & Gas Services               1,578,006  
Packaging & Containers – 1.0%      

Greif, Inc. Class A

      23,355         1,306,012  

Greif, Inc. Class B(a)

      31,305         1,777,185  
     

 

 

  
Total Packaging & Containers               3,083,197  
Pipelines – 0.2%      

Crosstex Energy, Inc.

      37,192         525,895  
Private Equity – 0.5%      

Fidus Investment Corp.

      21,737         304,536  

Gladstone Investment Corp.

      43,988         332,989  

Hercules Technology Growth Capital, Inc.

      97,574         1,081,120  
     

 

 

  
Total Private Equity               1,718,645  
Real Estate – 0.6%      

Consolidated-Tomoka Land Co.(a)

      266         7,914  

Kennedy-Wilson Holdings, Inc.

      18,687         252,275  

Sovran Self Storage, Inc.

      29,803         1,485,083  
     

 

 

  
Total Real Estate               1,745,272  
Real Estate Investment Trusts (REITs) – 20.1%      

Acadia Realty Trust

      38,355         864,522  

Agree Realty Corp.

      14,940         337,345  

American Assets Trust, Inc.

      39,440         899,232  

Ashford Hospitality Trust, Inc.

      84,111         757,840  

Associated Estates Realty Corp.

      45,036         735,888  

Brandywine Realty Trust

      228,655         2,624,959  

Campus Crest Communities, Inc.

      46,869         546,493  

CapLease, Inc.

      99,348         400,372  

Cedar Realty Trust, Inc.

      142,466         729,426  

Chatham Lodging Trust

      22,149         281,071  

Chesapeake Lodging Trust

      40,403         726,042  

Cogdell Spencer, Inc.

      124,954         529,805  

CommonWealth REIT

      243,972         4,542,759  

Coresite Realty Corp.

      15,190         358,332  

Corporate Office Properties Trust

      133,464         3,097,699  

Cousins Properties, Inc.

      75,527         572,495  

Cubesmart

      82,156         977,656  

DCT Industrial Trust, Inc.

      356,603         2,103,958  

DiamondRock Hospitality Co.

      143,188         1,473,404  

DuPont Fabros Technology, Inc.

      31,194         762,693  

EastGroup Properties, Inc.

      33,185         1,666,551  

Education Realty Trust, Inc.

      65,996         715,397  
     

Excel Trust, Inc.

      38,865       $ 469,489  

First Potomac Realty Trust

      79,110         956,440  

Franklin Street Properties Corp.

      146,879         1,556,917  

Gladstone Commercial Corp.

      22,871         393,610  

Glimcher Realty Trust

      120,212         1,228,567  

Government Properties Income Trust

      86,443         2,084,141  

Healthcare Realty Trust, Inc.

      127,542         2,805,924  

Hersha Hospitality Trust

      213,885         1,167,812  

Hudson Pacific Properties, Inc.

      30,152         456,200  

Inland Real Estate Corp.

      166,742         1,479,001  

Investors Real Estate Trust

      142,895         1,098,863  

Kite Realty Group Trust

      84,741         446,585  

Lexington Realty Trust

      254,833         2,290,949  

LTC Properties, Inc.

      41,859         1,339,488  

Medical Properties Trust, Inc.

      228,756         2,122,856  

Mission West Properties, Inc.

      36,208         357,011  

Monmouth Real Estate Investment Corp. Class A

      59,256         577,153  

National Health Investors, Inc.

      37,721         1,840,030  

One Liberty Properties, Inc.

      26,931         492,837  

Parkway Properties, Inc.

      15,977         167,439  

Pebblebrook Hotel Trust

      32,222         727,573  

Pennsylvania Real Estate Investment Trust

      82,340         1,257,332  

Potlatch Corp.(a)

      65,331         2,047,474  

PS Business Parks, Inc.

      19,149         1,255,025  

Ramco-Gershenson Properties Trust

      65,014         794,471  

Retail Opportunity Investments Corp.(a)

      42,099         506,872  

Sabra Health Care REIT, Inc.

      104,843         1,723,619  

Saul Centers, Inc.

      19,556         789,280  

STAG Industrial, Inc.

      34,927         487,581  

Summit Hotel Properties, Inc.

      31,984         242,439  

Sun Communities, Inc.

      38,784         1,680,511  

Terreno Realty Corp.

      6,068         86,833  

UMH Properties, Inc.

      27,706         303,658  

Universal Health Realty Income Trust

      19,896         788,478  

Urstadt Biddle Properties, Inc. Class A

      28,693         566,400  

Whitestone REIT Class B

      20,411         266,159  

Winthrop Realty Trust

      54,670         633,625  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               63,192,581  
Retail – 3.1%      

bebe Stores, Inc.

      24,551         226,606  

Big 5 Sporting Goods Corp.

      16,195         126,969  

Bob Evans Farms, Inc.

      22,002         829,915  

Brown Shoe Co., Inc.

      33,535         309,528  

Cash America International, Inc.(a)

      2,135         102,331  

Cato Corp. (The) Class A

      24,972         690,226  

CEC Entertainment, Inc.

      11,991         454,579  

Cracker Barrel Old Country Store, Inc.

      11,037         615,865  

Destination Maternity Corp.

      14,000         259,980  

DSW, Inc. Class A

      10,240         560,845  

Einstein Noah Restaurant Group, Inc.

      13,595         202,837  

Finish Line, Inc. (The) Class A

      11,879         252,072  

Fred’s, Inc. Class A

      13,271         193,889  

Group 1 Automotive, Inc.

      5,632         316,349  

Hot Topic, Inc.

      40,261         408,649  

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic Dividend Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Lithia Motors, Inc. Class A

      6,559       $ 171,846  

Men’s Wearhouse, Inc. (The)

      18,709         725,348  

PEP Boys-Manny Moe & Jack (The)

      14,460         215,743  

PetMed Express, Inc.(a)

      25,573         316,594  

PF Chang’s China Bistro, Inc.

      17,335         685,079  

RadioShack Corp.(a)

      117,141         728,617  

Regis Corp.

      20,630         380,211  

Sonic Automotive, Inc. Class A(a)

      6,517         116,719  

Stage Stores, Inc.

      19,086         309,957  

Texas Roadhouse, Inc.

      37,433         622,885  

Winmark Corp.

      371         21,496  
     

 

 

  
Total Retail               9,845,135  
Savings & Loans – 3.2%      

Astoria Financial Corp.(a)

      150,482         1,483,753  

Bank Mutual Corp.

      12,940         52,278  

BankFinancial Corp.

      25,207         166,870  

Berkshire Hills Bancorp, Inc.

      16,766         384,277  

Brookline Bancorp, Inc.

      70,263         658,364  

Clifton Savings Bancorp, Inc.(a)

      15,386         160,476  

Dime Community Bancshares, Inc.

      40,423         590,580  

ESB Financial Corp.

      9,707         139,975  

ESSA Bancorp, Inc.

      5,382         52,744  

First Defiance Financial Corp.

      3,194         53,851  

First Financial Holdings, Inc.

      9,554         105,094  

First PacTrust Bancorp, Inc.(a)

      10,544         125,684  

Flushing Financial Corp.

      31,395         422,577  

Fox Chase Bancorp, Inc.

      1,949         25,337  

Home Federal Bancorp, Inc.

      8,803         89,174  

Kaiser Federal Financial Group, Inc.

      4,322         60,465  

Kearny Financial Corp.

      33,540         327,015  

Northfield Bancorp, Inc.(a)

      16,515         234,843  

Northwest Bancshares, Inc.

      85,137         1,081,240  

OceanFirst Financial Corp.

      16,146         229,919  

Oritani Financial Corp.

      43,976         645,568  

Provident Financial Holdings, Inc.

      3,364         36,768  

Provident Financial Services, Inc.

      54,162         786,974  

Provident New York Bancorp(a)

      31,595         267,294  

Rockville Financial, Inc.

      19,801         230,682  

Roma Financial Corp.

      23,914         234,118  

Territorial Bancorp, Inc.

      4,663         97,037  

United Financial Bancorp, Inc.

      8,487         134,264  

ViewPoint Financial Group

      12,482         191,973  

Washington Federal, Inc.

      48,371         813,600  

Westfield Financial, Inc.

      21,558         170,524  

WSFS Financial Corp.

      2,711         111,151  
     

 

 

  
Total Savings & Loans               10,164,469  
Semiconductors – 1.2%      

Brooks Automation, Inc.

      51,090         629,940  

Cohu, Inc.

      11,860         134,848  

Intersil Corp. Class A(a)

      144,266         1,615,779  

Micrel, Inc.

      23,093         236,934  

MKS Instruments, Inc.

      28,940         854,598  

Power Integrations, Inc.

      3,973         147,478  
     

Richardson Electronics Ltd.

      5,261       $ 63,027  
     

 

 

  
Total Semiconductors               3,682,604  
Software – 0.9%      

American Software, Inc. Class A

      22,767         195,341  

Blackbaud, Inc.

      18,337         609,338  

Computer Programs & Systems, Inc.

      8,377         473,468  

Ebix, Inc.(a)

      7,461         172,797  

EPIQ Systems, Inc.

      13,370         161,777  

Fair Isaac Corp.

      1,901         83,454  

ManTech International Corp. Class A(a)

      14,924         514,281  

Opnet Technologies, Inc.(a)

      6,870         199,230  

Pegasystems, Inc.

      3,462         132,110  

Schawk, Inc.

      15,563         194,693  
     

 

 

  
Total Software               2,736,489  
Telecommunications – 2.6%      

Alaska Communications Systems Group, Inc.(a)

      202,916         624,981  

Atlantic Tele-Network, Inc.

      8,652         314,587  

Black Box Corp.

      4,185         106,759  

Communications Systems, Inc.

      7,979         104,764  

Comtech Telecommunications Corp.

      22,088         719,627  

Consolidated Communications Holdings, Inc.

      59,538         1,168,731  

HickoryTech Corp.

      16,588         171,520  

IDT Corp. Class B

      48,139         449,618  

NTELOS Holdings Corp.

      41,294         854,786  

Plantronics, Inc.

      6,274         252,591  

Preformed Line Products Co.

      1,816         118,948  

Shenandoah Telecommunications Co.

      16,646         185,603  

SureWest Communications

      10,814         243,856  

Telephone & Data Systems, Inc.

      49,803         1,152,940  

Tellabs, Inc.

      185,438         751,024  

Telular Corp.

      21,899         185,266  

TESSCO Technologies, Inc.

      7,820         199,175  

USA Mobility, Inc.

      37,851         527,264  
     

 

 

  
Total Telecommunications               8,132,040  
Textiles – 0.1%      

G&K Services, Inc. Class A

      8,290         283,518  

UniFirst Corp.

      940         57,857  
     

 

 

  
Total Textiles               341,375  
Toys/Games/Hobbies – 0.1%      

JAKKS Pacific, Inc.(a)

      14,784         257,981  
Transportation – 1.1%      

Alexander & Baldwin, Inc.

      31,560         1,529,082  

Arkansas Best Corp.

      4,141         77,892  

Celadon Group, Inc.

      3,852         59,899  

Con-way, Inc.

      19,405         632,797  

Forward Air Corp.

      6,022         220,827  

Heartland Express, Inc.

      11,971         173,101  

International Shipholding Corp.

      13,161         303,888  

Knight Transportation, Inc.

      31,278         552,369  

Marten Transport Ltd.

      2,446         53,983  
     

 

 

  
Total Transportation               3,603,838  

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      45   

Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Dividend Fund (DES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Trucking & Leasing – 0.7%      

TAL International Group, Inc.

      63,227       $ 2,321,063  
Water – 0.7%      

American States Water Co.

      14,649         529,415  

Artesian Resources Corp. Class A(a)

      7,459         140,155  

California Water Service Group

      34,475         627,790  

Connecticut Water Service, Inc.

      7,057         199,642  

Middlesex Water Co.

      14,932         282,065  

SJW Corp.

      12,833         309,532  

York Water Co.

      9,097         157,378  
     

 

 

  
Total Water               2,245,977  
TOTAL COMMON STOCKS
(Cost: $278,792,484)		               310,968,355  
EXCHANGE-TRADED FUND – 0.8%      

WisdomTree MidCap Dividend Fund(b)

      
(Cost: $2,054,134)      41,732         2,349,094  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.2%      
MONEY MARKET FUND – 8.2%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $25,788,985)(d)      25,788,985         25,788,985  
TOTAL INVESTMENTS IN SECURITIES – 108.1%
(Cost: $306,635,603)		          339,106,434  

Liabilities in Excess of Other Assets – (8.1)%

         (25,315,427 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 313,791,007  
(a)

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b)

Affiliated company. (See Note 7).

 

(c)

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d)

At March 31, 2012, the total market value of the Fund’s securities on loan was $25,039,345 and the total market value of the collateral held by the Fund was $25,788,985.

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic Dividend Funds

Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic Dividend Funds

March 31, 2012

 

  

 

 

      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

    $ 204,827,111       $ 404,830,914       $ 1,086,178,274       $ 1,212,143,855       $ 334,002,514       $ 304,581,469   

Investment in affiliates, at cost (Note 7)

      276,649         335,913         284,532         2,568,371         1,573,589         2,054,134   

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

      247,484,524         439,716,166         1,211,422,930         1,329,196,555         371,728,565         336,757,340   

Investment in affiliates, at value (Note 7)

      378,355         394,979         327,795         3,185,106         1,852,064         2,349,094   

Cash

      —         —         —         10,062         920         5,034   

Receivables:

                  

Dividends and interest

      501,705         1,273,020         2,470,337         3,781,706         819,888         1,068,911   

Investment securities sold

      216,452         866,286         2,713,118         —         —         —   

Total Assets

      248,581,036         442,250,451         1,216,934,180         1,336,173,429         374,401,437         340,180,379   

LIABILITIES:

                  

Due to custodian

      26,781         807,235         1,736,896         —         —         —   

Payables:

                  

Investment securities purchased

      —         —         —         —         —         502,304   

Collateral for securities on loan (Note 2)

      4,511,836         13,389,390         9,686,394         66,956,110         28,326,236         25,788,985   

Advisory fees (Note 3)

      56,177         134,692         291,599         401,126         110,817         96,949   

Service fees (Note 2)

      885         1,570         4,598         4,675         1,292         1,134   

Total Liabilities

      4,595,679         14,332,887         11,719,487         67,361,911         28,438,345         26,389,372   

NET ASSETS

    $ 243,985,357       $ 427,917,564       $ 1,205,214,693       $ 1,268,811,518       $ 345,963,092       $ 313,791,007   

NET ASSETS:

                  

Paid-in capital

    $ 231,100,739       $ 461,009,925       $ 1,173,747,583       $ 1,245,198,001       $ 348,040,961       $ 336,607,062   

Undistributed net investment income

      156,833         373,665         683,066         1,487,436         423,490         319,163   

Accumulated net realized loss on investments

      (30,031,334 )       (68,410,344 )       (94,503,875 )       (95,543,354 )       (40,505,885 )       (55,606,049 ) 

Net unrealized appreciation on investments

      42,759,119         34,944,318         125,287,919         117,669,435         38,004,526         32,470,831   

NET ASSETS

    $ 243,985,357       $ 427,917,564       $ 1,205,214,693       $ 1,268,811,518       $ 345,963,092       $ 313,791,007   

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

      4,600,000         9,550,000         22,750,000         23,150,000         6,150,000         6,400,000   

Net asset value per share

    $ 53.04       $ 44.81       $ 52.98       $ 54.81       $ 56.25       $ 49.03   

 

1 

Market value of securities out on loan were as follows: $4,389,977, $13,025,793, $9,444,278, $64,738,950, $27,592,022 and $25,039,345, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      47   

Table of Contents

Statements of Operations

WisdomTree Domestic Dividend Funds

For the Year Ended March 31, 2012

 

  

 

 

     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

   $ 6,194,050      $ 12,184,550      $ 27,689,172      $ 30,946,723      $ 8,613,827      $ 9,734,738   

Dividends from affiliates (Note 7)

     15,744        30,092        47,969        113,155        68,386        53,418   

Interest

     75        87        242        302        69        71   

Securities lending income (Note 2)

     45,424        134,956        181,915        611,784        130,248        240,813   

Total investment income

     6,255,293        12,349,685        27,919,298        31,671,964        8,812,530        10,029,040   

EXPENSES:

            

Advisory fees (Note 3)

     528,147        1,073,575        2,368,823        2,715,230        1,050,687        936,911   

Service fees (Note 2)

     8,300        12,431        37,224        31,440        12,166        10,848   

Total expenses

     536,447        1,086,006        2,406,047        2,746,670        1,062,853        947,759   

Expense reimbursements/waivers (Note 3)

     (1,466 )      (4,704 )      (6,009 )      (12,198 )      (8,496 )      (6,978 ) 

Net expenses

     534,981        1,081,302        2,400,038        2,734,472        1,054,357        940,781   

Net investment income

     5,720,312        11,268,383        25,519,260        28,937,492        7,758,173        9,088,259   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

            

Net realized gain (loss) from:

            

Investment transactions

     (53,432 )      3,426,029        (5,995,224 )      (15,619,740 )      (8,227,934 )      (906,091 ) 

Investment transactions from affiliates (Note 7)

     93,749        (10,342 )      75,453        488,174        153,600        183,063   

In-kind redemptions

     939,958        5,084,774        43,131,664        26,869,874        13,813,555        500,463   

In-kind redemptions from affiliates (Note 7)

     —        14,738        52,810        36,173        47,234        7,667   

Net realized gain (loss)

     980,275        8,515,199        37,264,703        11,774,481        5,786,455        (214,898 ) 

Net change in unrealized appreciation on investments

     18,940,324        27,794,701        61,341,297        86,085,337        8,737,342        5,721,351   

Net realized and unrealized gain on investments

     19,920,599        36,309,900        98,606,000        97,859,818        14,523,797        5,506,453   

NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS

   $ 25,640,911      $ 47,578,283      $ 124,125,260      $ 126,797,310      $ 22,281,970      $ 14,594,712   

 

See Notes to Financial Statements.

 

48   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, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

            

Net investment income

   $ 5,720,312      $ 4,473,233      $ 11,268,383      $ 6,502,307      $ 25,519,260      $ 14,386,241   

Net realized gain on investments

     980,275        3,776,127        8,515,199        14,571,418        37,264,703        21,047,320   

Net change in unrealized appreciation on investments

     18,940,324        16,294,181        27,794,701        9,399,565        61,341,297        47,856,444   

Net increase in net assets resulting from operations

     25,640,911        24,543,541        47,578,283        30,473,290        124,125,260        83,290,005   

DIVIDENDS:

  

          

Net investment income

     (5,704,497 )      (4,438,769 )      (11,082,460 )      (6,474,781 )      (25,273,380 )      (14,235,763 ) 

CAPITAL SHARE TRANSACTIONS:

  

          

Net proceeds from sale of shares

     55,746,369        33,151,332        263,895,489        177,074,847        699,406,625        221,454,446   

Cost of shares redeemed

     (2,645,587 )      (15,278,459 )      (50,746,537 )      (145,707,467 )      (204,137,549 )      (92,223,882 ) 

Net increase in net assets resulting from capital share transactions

     53,100,782        17,872,873        213,148,952        31,367,380        495,269,076        129,230,564   

Net Increase in Net Assets

     73,037,196        37,977,645        249,644,775        55,365,889        594,120,956        198,284,806   

NET ASSETS:

            

Beginning of year

   $ 170,948,161      $ 132,970,516      $ 178,272,789      $ 122,906,900      $ 611,093,737      $ 412,808,931   

End of year

   $ 243,985,357      $ 170,948,161      $ 427,917,564      $ 178,272,789      $ 1,205,214,693      $ 611,093,737   

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

   $ 156,833      $ 138,984      $ 373,665      $ 188,355      $ 683,066      $ 481,347   

SHARES CREATED AND REDEEMED:

  

          

Shares outstanding, beginning of year

     3,500,000        3,100,000        4,400,000        3,500,000        12,650,000        9,700,000   

Shares created

     1,150,000        750,000        6,400,000        4,750,000        14,300,000        5,000,000   

Shares redeemed

     (50,000 )      (350,000 )      (1,250,000 )      (3,850,000 )      (4,200,000 )      (2,050,000 ) 

Shares outstanding, end of year

     4,600,000        3,500,000        9,550,000        4,400,000        22,750,000        12,650,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      49   

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, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

            

Net investment income

   $ 28,937,492      $ 10,687,261      $ 7,758,173      $ 5,901,079      $ 9,088,259      $ 7,763,523   

Net realized gain (loss) on investments

     11,774,481        33,084,584        5,786,455        13,120,941        (214,898 )      17,055,165   

Net change in unrealized appreciation on investments

     86,085,337        16,420,742        8,737,342        19,534,938        5,721,351        9,067,962   

Net increase in net assets resulting from operations

     126,797,310        60,192,587        22,281,970        38,556,958        14,594,712        33,886,650   

DIVIDENDS:

  

          

Net investment income

     (27,628,769 )      (10,527,617 )      (7,571,610 )      (5,778,694 )      (9,064,912 )      (7,366,770 ) 

CAPITAL SHARE TRANSACTIONS:

  

          

Net proceeds from sale of shares

     1,032,619,697        255,440,000        142,423,733        169,491,298        62,381,645        121,807,365   

Cost of shares redeemed

     (206,358,511 )      (152,000,000 )      (67,722,877 )      (67,838,212 )      (2,291,885 )      (54,879,905 ) 

Net increase in net assets resulting from capital share transactions

     826,261,186        103,440,000        74,700,856        101,653,086        60,089,760        66,927,460   

Net Increase in Net Assets

     925,429,727        153,104,970        89,411,216        134,431,350        65,619,560        93,447,340   

NET ASSETS:

            

Beginning of year

   $ 343,381,791      $ 190,276,821      $ 256,551,876      $ 122,120,526      $ 248,171,447      $ 154,724,107   

End of year

   $ 1,268,811,518      $ 343,381,791      $ 345,963,092      $ 256,551,876      $ 313,791,007      $ 248,171,447   

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

   $ 1,487,436      $ 337,857      $ 423,490      $ 195,853      $ 319,163      $ 583,763   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     6,850,000        4,450,000        4,750,000        2,650,000        5,100,000        3,650,000   

Shares created

     20,400,000        5,600,000        2,750,000        3,500,000        1,350,000        2,650,000   

Shares redeemed

     (4,100,000 )      (3,200,000 )      (1,350,000 )      (1,400,000 )      (50,000 )      (1,200,000 ) 

Shares outstanding, end of year

     23,150,000        6,850,000        6,150,000        4,750,000        6,400,000        5,100,000   

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic Dividend Funds

Table of Contents

Financial Highlights

WisdomTree Domestic Dividend Funds

March 31, 2012

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, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 48.84      $ 42.89      $ 29.26      $ 51.81      $ 57.87   

Investment operations:

          

Net investment income1

     1.47        1.37        1.14        1.54        1.68   

Net realized and unrealized gain (loss)

     4.15        5.92        13.61        (22.56 )      (6.04 ) 

Total from investment operations

     5.62        7.29        14.75        (21.02 )      (4.36 ) 

Dividends and distributions to shareholders:

          

Net investment income

     (1.42 )      (1.34 )      (1.12 )      (1.53 )      (1.68 ) 

Capital gains

     —        —        —        —        (0.02 ) 

Total dividends and distributions to shareholders

     (1.42 )      (1.34 )      (1.12 )      (1.53 )      (1.70 ) 

Net asset value, end of year

   $ 53.04      $ 48.84      $ 42.89      $ 29.26      $ 51.81   

TOTAL RETURN2

     11.81 %      17.37 %      50.83 %      (41.29 )%      (7.77 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 243,985      $ 170,948      $ 132,971      $ 84,844      $ 88,071   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.28 %      0.28 %      0.28 %      0.28 %      0.28 % 

Expenses, prior to expense reimbursements/waivers

     0.28 %      0.28 %      0.28 %      0.28 %      0.28 % 

Net investment income

     3.03 %      3.10 %      3.01 %      3.91 %      2.89 % 

Portfolio turnover rate4

     15 %      6 %      16 %      23 %      10 % 

 

           
WisdomTree Equity Income Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 40.52      $ 35.12      $ 22.98      $ 47.81      $ 57.99   

Investment operations:

          

Net investment income1

     1.66        1.61        1.17        1.95        2.22   

Net realized and unrealized gain (loss)

     4.15        5.33        12.16        (24.80 )      (10.19 ) 

Total from investment operations

     5.81        6.94        13.33        (22.85 )      (7.97 ) 

Dividends to shareholders:

          

Net investment income

     (1.52 )      (1.54 )      (1.19 )      (1.98 )      (2.21 ) 

Net asset value, end of year

   $ 44.81      $ 40.52      $ 35.12      $ 22.98      $ 47.81   

TOTAL RETURN2

     14.66 %      20.24 %      58.47 %      (49.06 )%      (14.18 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 427,918      $ 178,273      $ 122,907      $ 101,091      $ 138,659   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Expenses, prior to expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Net investment income

     3.99 %      4.25 %      3.72 %      5.59 %      3.88 % 

Portfolio turnover rate4

     22 %      8 %      25 %      45 %      19 % 

 

1 

Based on average shares outstanding.

 

2

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

 

3

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

 

4 

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

 

See Notes to Financial Statements.

 

WisdomTree Domestic Dividend Funds      51   

Table of Contents

Financial Highlights (continued)

WisdomTree Domestic Dividend Funds

March 31, 2012

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, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 48.31      $ 42.56      $ 29.86      $ 52.71      $ 57.97   

Investment operations:

          

Net investment income1

     1.45        1.33        1.10        1.51        1.60   

Net realized and unrealized gain (loss)

     4.59        5.68        12.69        (22.91 )      (5.21 ) 

Total from investment operations

     6.04        7.01        13.79        (21.40 )      (3.61 ) 

Dividends to shareholders:

          

Net investment income

     (1.37 )      (1.26 )      (1.09 )      (1.45 )      (1.65 ) 

Net asset value, end of year

   $ 52.98      $ 48.31      $ 42.56      $ 29.86      $ 52.71   

TOTAL RETURN2

     12.82 %      16.83 %      46.53 %      (41.25 )%      (6.47 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 1,205,215      $ 611,094      $ 412,809      $ 294,135      $ 308,379   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.28 %      0.28 %      0.28 %      0.28 %      0.28 % 

Expenses, prior to expense reimbursements/waivers

     0.28 %      0.28 %      0.28 %      0.28 %      0.28 % 

Net investment income

     3.02 %      3.04 %      2.89 %      3.78 %      2.74 % 

Portfolio turnover rate4

     14 %      5 %      17 %      25 %      8 % 

 

           
WisdomTree Dividend ex-Financials Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 50.13      $ 42.76      $ 26.74      $ 51.14      $ 59.69   

Investment operations:

          

Net investment income1

     2.06        1.81        1.60        1.81        2.10   

Net realized and unrealized gain (loss)

     4.31        7.25        16.01        (24.34 )      (8.56 ) 

Total from investment operations

     6.37        9.06        17.61        (22.53 )      (6.46 ) 

Dividends to shareholders:

          

Net investment income

     (1.69 )      (1.69 )      (1.59 )      (1.87 )      (2.09 ) 

Net asset value, end of year

   $ 54.81      $ 50.13      $ 42.76      $ 26.74      $ 51.14   

TOTAL RETURN2

     12.99 %      21.68 %      66.66 %      (45.10 )%      (11.15 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 1,268,812      $ 343,382      $ 190,277      $ 104,277      $ 166,205   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Expenses, prior to expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Net investment income

     4.05 %      3.99 %      4.32 %      4.57 %      3.57 % 

Portfolio turnover rate4

     38 %      5 %      57 %      53 %      16 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic Dividend Funds

Table of Contents

Financial Highlights (concluded)

WisdomTree Domestic Dividend Funds

March 31, 2012

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, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 54.01      $ 46.08      $ 26.80      $ 48.00      $ 58.02   

Investment operations:

          

Net investment income1

     1.47        1.53        1.29        1.63        1.88   

Net realized and unrealized gain (loss)

     2.17        7.79        19.22        (21.16 )      (10.12 ) 

Total from investment operations

     3.64        9.32        20.51        (19.53 )      (8.24 ) 

Dividends to shareholders:

          

Net investment income

     (1.40 )      (1.39 )      (1.23 )      (1.67 )      (1.78 ) 

Net asset value, end of year

   $ 56.25      $ 54.01      $ 46.08      $ 26.80      $ 48.00   

TOTAL RETURN2

     6.99 %      20.60 %      77.34 %      (41.61 )%      (14.47 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 345,963      $ 256,552      $ 122,121      $ 65,655      $ 91,198   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Expenses, prior to expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Net investment income

     2.81 %      3.16 %      3.34 %      4.31 %      3.38 % 

Portfolio turnover rate4

     29 %      10 %      11 %      43 %      30 % 

 

           
WisdomTree SmallCap Dividend Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 48.66      $ 42.39      $ 24.06      $ 46.31      $ 57.41   

Investment operations:

          

Net investment income1

     1.68        1.72        1.49        1.85        2.13   

Net realized and unrealized gain (loss)

     0.34        6.14        18.28        (22.26 )      (11.10 ) 

Total from investment operations

     2.02        7.86        19.77        (20.41 )      (8.97 ) 

Dividends to shareholders:

          

Net investment income

     (1.65 )      (1.59 )      (1.44 )      (1.84 )      (2.13 ) 

Net asset value, end of year

   $ 49.03      $ 48.66      $ 42.39      $ 24.06      $ 46.31   

TOTAL RETURN2

     4.50 %      18.96 %      83.27 %      (45.27 )%      (15.93 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 313,791      $ 248,171      $ 154,724      $ 73,369      $ 81,040   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Expenses, prior to expense reimbursements/waivers

     0.38 %      0.38 %      0.38 %      0.38 %      0.38 % 

Net investment income

     3.69 %      3.86 %      4.21 %      5.15 %      3.97 % 

Portfolio turnover rate4

     31 %      11 %      16 %      65 %      34 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

See Notes to Financial Statements.

 

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March 31, 2012

 

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, 2012, the Trust offered 48 investment funds (each a “Fund”, and collectively, the “Funds”). These notes relate only to funds listed in the table below:

 

Fund Name    Commencement
of Operations		  

WisdomTree Total Dividend Fund (“Total Dividend Fund”)

      June 16, 2006   

WisdomTree Equity Income Fund (“Equity Income Fund”)

      June 16, 2006   

WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”)

      June 16, 2006   

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

      June 16, 2006   

WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”)

      June 16, 2006   

WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”)

      June 16, 2006   

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Guarantees — In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. Therefore, no liabilities have been recorded in connection with these indemnifications.

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

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in creation units, which are typically in blocks of 50,000 shares or more. Fund shares are purchased or sold on a national securities exchange at market prices, which may be higher or lower than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The 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.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be valued in accordance with the Fund’s pricing policy and procedures. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations,

 

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securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded.

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

Level 1 – quoted prices in active markets for identical securities

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

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

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

In January 2010, FASB issued Accounting Standards Update No. 2010-06 “Improving Disclosures about Fair Value Measurements (“ASU 2010-06”).” ASU 2010-06 requires reporting entities to make new disclosures about amounts and reasons for significant

transfers between Level 1 and Level 2 fair value measurements, as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3. ASU 2010-06 also requires information on purchases and sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures have been implemented for fiscal periods beginning after December 15, 2009 other than the disclosures surrounding the presentation of purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements which have been implemented for fiscal periods beginning after December 15, 2010.

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

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

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

 

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The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.

In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy.

There were no Level 3 securities during or for the year ended March 31, 2012.

No significant transfers between Level 1 or Level 2 fair value measurements occurred during the fiscal year ended March 31, 2012.

The following is a summary of the inputs used as of March 31, 2012 in valuing each Fund’s assets carried at fair value:

 

Total Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 242,972,688       $ —       $ —   

Money Market Funds

      —         4,511,836         —   

Exchange-Traded Funds

      378,355         —         —   

Total

    $ 243,351,043       $ 4,511,836       $ —   

 

Equity Income Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 426,326,776       $ —       $ —   

Money Market Fund

      —         13,389,390         —   

Exchange-Traded Funds

      394,979         —         —   

Total

    $ 426,721,755       $ 13,389,390       $ —   

 

LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 1,201,736,536       $ —       $ —   

Money Market Fund

      —         9,686,394         —   

Exchange-Traded Funds

      327,795         —         —   

Total

    $ 1,202,064,331       $ 9,686,394       $ —   

 

Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 1,262,087,994       $ —       $ —   

Money Market Funds

      —         67,108,561         —   

Exchange-Traded Funds

      3,185,106         —         —   

Total

    $ 1,265,273,100       $ 67,108,561       $ —   

 

MidCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 343,402,329       $ —       $ —   

Money Market Funds

      —         28,326,236         —   

Exchange-Traded Funds

      1,852,064         —         —   

Total

    $ 345,254,393       $ 28,326,236       $ —   

 

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SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 310,968,355       $ —       $ —   

Money Market Fund

      —         25,788,985         —   

Exchange-Traded Funds

      2,349,094         —         —   

Total

    $ 313,317,449       $ 25,788,985       $ —   

*   Please refer to Schedule of Investments for a breakdown of the valuation by industry.

      

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds did not invest in derivative instruments for the fiscal year ended March 31, 2012.

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

Expenses/Reimbursements — 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 (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of 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 $63,197 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the fiscal year ended March 31, 2012.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

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 include short-term obligations issued by the U.S. Government, its agencies, non-U.S. Government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make

 

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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 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 to the extent of a shareholder’s tax basis and thereafter as a capital gain.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund, and as also described in Note 2, WTAM agrees to pay all expenses of the Funds, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, 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, also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table.

 

Fund    Advisory Fee Rate  

Total Dividend Fund

      0.28 % 

Equity Income Fund

      0.38 % 

LargeCap Dividend Fund

      0.28 % 

Dividend ex-Financials Fund

      0.38 % 

MidCap Dividend Fund

      0.38 % 

SmallCap Dividend Fund

      0.38 % 

Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 31, 2012, WTAM waived a portion of its advisory fees based on each Fund’s investments in affiliated Funds. The table below indicates the waiver amounts. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory Fees Waived  

Total Dividend Fund

    $ 1,466   

Equity Income Fund

      4,704   

LargeCap Dividend Fund

      6,009   

Dividend ex-Financials Fund

      12,198   

MidCap Dividend Fund

      8,496   

SmallCap Dividend Fund

      6,978   

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2012, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.

 

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5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year ended March 31, 2012 were as follows:

 

00,000,000,000 00,000,000,000
Fund    Purchases      Sales  

Total Dividend Fund

    $ 27,845,429       $ 27,797,799   

Equity Income Fund

      64,510,359         64,066,814   

LargeCap Dividend Fund

      124,146,503         123,465,851   

Dividend ex-Financials Fund

      273,711,598         271,896,705   

MidCap Dividend Fund

      82,130,027         83,779,109   

SmallCap Dividend Fund

      77,894,845         77,379,300   

For the fiscal year ended March 31, 2012, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

00,000,000,000 00,000,000,000
Fund    Purchases      Sales  

Total Dividend Fund

    $ 55,475,928       $ 2,626,818   

Equity Income Fund

      262,525,579         50,389,685   

LargeCap Dividend Fund

      696,091,371         203,049,321   

Dividend ex-Financials Fund

      1,027,379,404         204,542,987   

MidCap Dividend Fund

      141,738,583         65,464,979   

SmallCap Dividend Fund

      62,011,780         2,267,829   

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

6. FEDERAL INCOME TAXES

At March 31, 2012, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

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

Total Dividend Fund

    $ 208,017,458       $ 43,154,383       $ (3,308,962 )     $ 39,845,421   

Equity Income Fund

      407,419,427         37,099,005         (4,407,287 )       32,691,718   

LargeCap Dividend Fund

      1,095,652,333         126,097,162         (9,998,770 )       116,098,392   

Dividend ex-Financials Fund

      1,227,811,554         122,049,439         (17,479,332 )       104,570,107   

MidCap Dividend Fund

      343,732,085         37,892,965         (8,044,421 )       29,848,544   

SmallCap Dividend Fund

      312,358,979         38,846,442         (12,098,987 )       26,747,455   

At March 31, 2012, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

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

Total Dividend Fund

    $ 156,833       $ (27,117,636 )     $ 39,845,421       $ 12,884,618   

Equity Income Fund

      373,665         (66,157,744 )       32,691,718         (33,092,361 ) 

LargeCap Dividend Fund

      683,066         (85,314,348 )       116,098,392         31,467,110   

Dividend ex-Financials Fund

      1,487,436         (82,444,026 )       104,570,107         23,613,517   

MidCap Dividend Fund

      423,490         (32,349,903 )       29,848,544         (2,077,869 ) 

SmallCap Dividend Fund

      319,163         (49,882,673 )       26,747,455         (22,816,055 ) 

 

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The tax character of distributions paid during the fiscal years ended March 31, 2012 and March 31, 2011, was as follows:

 

      Year Ended
March 31, 2012		      Year Ended
March 31, 2011		  
Fund    Distributions Paid
from Ordinary
Income*		      Distributions Paid
from Ordinary
Income*		  

Total Dividend Fund

    $ 5,704,497       $ 4,438,769   

Equity Income Fund

      11,082,460         6,474,781   

LargeCap Dividend Fund

      25,273,380         14,235,763   

Dividend ex-Financials Fund

      27,628,769         10,527,617   

MidCap Dividend Fund

      7,571,610         5,778,694   

SmallCap Dividend Fund

      9,064,912         7,366,770   

*   Includes short-term capital gains.

      

At March 31, 2012, 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
Through 2018		     Capital Loss
Available
Through 2019		     Short-Term
Post-Effective
No Expiration*		     Long-Term
Post-Effective
No Expiration*		     Capital Loss
Available
Total		  

Total Dividend Fund

   $ —      $ 29,395      $ 4,674,701      $ 11,073,078      $ 10,786,298      $ —      $ —      $ 26,563,472   

Equity Income Fund

     —        —        8,095,468        36,880,803        21,181,473        —        —        66,157,744   

LargeCap Dividend Fund

     5,452        3,165,417        12,904,697        32,859,591        32,903,699        —        396,369        82,235,225   

Dividend ex-Financials Fund

     —        791,229        9,972,192        68,035,975        1,318,159        —        —        80,117,555   

MidCap Dividend Fund

     —        —        6,602,518        16,904,294        5,568,674        —        —        29,075,486   

SmallCap Dividend Fund

     —        414,956        10,100,965        32,761,958        6,604,794        —        —        49,882,673   

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

        

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

During the year ended March 31, 2012, the following Funds incurred and will elect to defer post-October capital losses as follows:

 

Fund   

Short-Term

Post-October
Capital Losses

     

Long-Term

Post-October
Capital Losses

  

Total Dividend Fund

    $ —       $ 554,164   

Equity Income Fund

      —         —   

LargeCap Dividend Fund

      1,197,914         1,881,209   

Dividend ex-Financials Fund

      1,680,534         645,937   

MidCap Dividend Fund

      1,140,526         2,133,891   

SmallCap Dividend Fund

      —         —   

During the fiscal year ended March 31, 2012, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforwards		  

Total Dividend Fund

    $ 381,097   

Equity Income Fund

      2,652,692   

LargeCap Dividend Fund

      —   

Dividend ex-Financials Fund

      429,754   

MidCap Dividend Fund

      1,041,551   

SmallCap Dividend Fund

      404,213   

 

 

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Notes to Financial Statements (continued)

 

At March 31, 2012, 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 Loss		      Paid-in Capital  

Total Dividend Fund

    $ 2,034       $ (862,885 )     $ 860,851   

Equity Income Fund

      (613 )       (4,855,520 )       4,856,133   

LargeCap Dividend Fund

      (44,161 )       (39,949,244 )       39,993,405   

Dividend ex-Financials Fund

      (159,144 )       (24,975,755 )       25,134,899   

MidCap Dividend Fund

      41,074         (12,854,408 )       12,813,334   

SmallCap Dividend Fund

      (287,947 )       (134,928 )       422,875   

These differences are primarily due to redemptions-in-kind, the tax treatment of income earned from investments in partnerships, non-deductible expenses, and non-dividend distributions from underlying investments.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2012, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2012, remains subject to examination by taxing authorities.

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year ended March 31, 2012 are as follows:

 

Affiliated Fund Name    Value at
3/31/2011		      Purchases/
Additions		      Sales/
Reductions		      Value at
3/31/2012		      Dividend
Income		  

Total Dividend Fund

                                             

WisdomTree Earnings 500 Fund

    $ 273,651       $ 139,918       $ 414,065       $ —       $ —   

WisdomTree Total Earnings Fund

      1,158,392         1,539,746         2,308,350         378,355         15,744   

Total

    $ 1,432,043       $ 1,679,664       $ 2,722,415       $ 378,355       $ 15,744   

Equity Income Fund

                                             

Total Dividend Fund

    $ 792,408       $ 8,813,280       $ 9,236,665       $ 394,979       $ 30,092   

LargeCap Dividend Fund

                                             

Total Dividend Fund

    $ 1,298,687       $ 15,691,871       $ 16,579,281       $ 327,795       $ 47,969   

Dividend ex-Financials Fund

                                             

LargeCap Dividend Fund

    $ 2,243,546       $ 12,278,846       $ 13,234,914       $ 1,595,420       $ 58,751   

MidCap Dividend Fund

      2,256,566         12,256,281         13,130,488         1,589,686         54,404   

Total

    $ 4,500,112       $ 24,535,127       $ 26,365,402       $ 3,185,106       $ 113,155   

MidCap Dividend Fund

                                             

LargeCap Dividend Fund

    $ 3,672,996       $ 2,272,871       $ 4,305,690       $ 1,852,064       $ 68,386   

SmallCap Dividend Fund

                                             

MidCap Dividend Fund

    $ 3,808,779       $ 5,122,070       $ 6,711,657       $ 2,349,094       $ 53,418   

 

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Table of Contents

Notes to Financial Statements (continued)

 

8. NEW ACCOUNTING PRONOUNCEMENTS

In April 2011, the FASB issued Accounting Standards Update (“ASU”) 2011-03 “Reconsideration of Effective Control for Repurchase Agreements” (“ASU 2011-03”). The objective of ASU 2011-03 is to improve the accounting for repurchase agreements and similar agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. Under previous guidance, whether or not to account for a transaction as a sale was based on, in part, if the entity maintained effective control over the transferred financial assets. ASU 2011-03 removes the transferor’s ability criterion from the effective control assessment. This guidance is effective prospectively for interim and annual reporting periods beginning on or after December 15, 2011. Management is currently evaluating the implications of ASU 2011-03 and its impact on the financial statements.

In May 2011, the FASB issued ASU 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS” (“ASU 2011-04”). ASU 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 will require reporting entities to disclose the following information for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. In addition, ASU 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. At this time, management is evaluating the implications of ASU 2011-04 and its impact on the financial statements.

In December 2011, FASB issued ASU 2011-11 “Disclosures about Offsetting Assets and Liabilities”. The amendments in this ASU require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The ASU is effective for annual reporting periods beginning on or after January 1, 2013, and for interim periods within those annual reporting periods. The guidance requires retrospective application for all comparative periods presented. Management is currently evaluating the implications of ASU 2011-11 and its impact on the financial statements.

9. LEGAL MATTER

On December 1, 2011, Research Affiliates, LLC filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its affiliates, along with other parties, as defendants. The complaint alleges that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint seeks both unspecified monetary damages to be determined and an injunction to prevent further infringement. The Trust filed its answer to the complaint on January 17, 2012. The Trust believes it has strong defenses to this lawsuit based on its belief that (i) the Trust’s Funds do not practice the indexing methods as claimed in the asserted patents because, for example, the factors used to select Fund assets include market capitalization and the price of the assets, and thus fall outside the scope of the asserted patents, which generally provide that selection of the assets to be used for creation of the index must be based upon factors that are sufficiently independent of market capitalization; and (ii) the patents should be declared invalid because, among other reasons, there is ample evidence that the concept of fundamentals based indexing was widely known and in commercial use by asset managers and index providers well before the patent applications at issue were filed by plaintiff. For example, in support of the defenses that the asserted patents are invalid, the Trust intends to present evidence that as far back as the early 1990s, Robert Jones at Goldman Sachs managed an earnings weighted index fund. As another example, the Trust intends to present evidence that Dow Jones launched a dividend weighted stock index in 2003. These examples support the Trust’s view that the asserted patents are invalid at least because earlier publications and activities of investment professionals anticipated or made obvious plaintiff’s alleged inventions.

While at this early stage of the proceedings it is not possible to determine the probability of any outcome or the probability or amount of any loss, the Trust is confident in the merits of its position. Nevertheless, an adverse resolution could have a negative impact on the Trust and the Funds. For example, in the event of an unfavorable outcome the Trust may be required to pay ongoing license fees if WisdomTree Investments cannot change its indexes in a manner that does not infringe on the patents. This could increase the Funds’ expense ratios and have a negative impact on Fund performance. WTAM and WisdomTree Investments have contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint. The Trust intends to vigorously defend against plaintiff’s claims.

 

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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, 2012, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended. These financial statements and financial highlights are the responsibility of the Trust’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of March 31, 2012, 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, 2012, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with U.S. generally accepted accounting principles.

 

LOGO

New York, New York

May 25, 2012

 

WisdomTree Domestic Dividend Funds      63   

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

 

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 1, 2012, the Board of Trustees (the “Board”) re-approved the Investment Advisory Agreement for each 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; and (v) whether the fee levels reflect these economies of scale for the benefit of investors.

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, 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 for each Fund. 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 re-approved the Sub-Advisory Agreement between WTAM and MCM, on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. 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, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending 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 for each Fund.

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 re-approval of the Advisory Agreement and the Sub-Advisory Agreement for each Fund 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 for each Fund.

 

64   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.

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 Total Dividend Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           741           48.75 %         718           47.24 % 
       25 – 49.9           27           1.78 %         14           0.92 % 
       50 – 74.9           6           0.39 %         5           0.33 % 
       75 – 99.9           3           0.20 %         0           0.00 % 
       100 – 124.9           1           0.07 %         1           0.06 % 
       125 – 174.9           1           0.07 %         0           0.00 % 
       175 – 199.9           2           0.13 %         0           0.00 % 
       200 – 249.9           0           0.00 %         0           0.00 % 
       >250           1           0.06 %         0           0.00 % 
         Total          782           51.45 %         738           48.55 % 

WisdomTree Equity Income Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           704           46.32 %         748           49.21 % 
       25 – 49.9           31           2.04 %         13           0.85 % 
       50 – 74.9           5           0.33 %         5           0.33 % 
       75 – 99.9           2           0.13 %         1           0.07 % 
       100 – 124.9           2           0.13 %         1           0.07 % 
       125 – 174.9           3           0.20 %         1           0.07 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           0           0.00 %         1           0.06 % 
       >250           2           0.13 %         1           0.06 % 
         Total          749           49.28 %         771           50.72 % 

WisdomTree LargeCap Dividend Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           862           56.71 %         563           37.04 % 
       25 – 49.9           44           2.89 %         17           1.12 % 
       50 – 74.9           18           1.18 %         2           0.13 % 
       75 – 99.9           2           0.13 %         0           0.00 % 
       100 – 124.9           2           0.13 %         0           0.00 % 
       125 – 174.9           1           0.07 %         1           0.07 % 
       175 – 199.9           1           0.07 %         0           0.00 % 
       200 – 249.9           0           0.00 %         0           0.00 % 
       >250           5           0.33 %         2           0.13 % 
         Total          935           61.51 %         585           38.49 % 

 

WisdomTree Domestic Dividend Funds      65   

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 Dividend ex-Financials Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           793           52.17 %         636           41.84 % 
       25 – 49.9           48           3.16 %         18           1.18 % 
       50 – 74.9           4           0.26 %         2           0.13 % 
       75 – 99.9           3           0.20 %         2           0.13 % 
       100 – 124.9           2           0.13 %         1           0.07 % 
       125 – 174.9           1           0.07 %         1           0.07 % 
       175 – 199.9           1           0.07 %         0           0.00 % 
       200 – 249.9           4           0.26 %         1           0.07 % 
       >250           2           0.13 %         1           0.06 % 
         Total          858           56.45 %         662           43.55 % 

WisdomTree MidCap Dividend Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           854           56.18 %         586           38.55 % 
       25 – 49.9           26           1.71 %         21           1.38 % 
       50 – 74.9           8           0.53 %         4           0.26 % 
       75 – 99.9           2           0.13 %         4           0.26 % 
       100 – 124.9           2           0.13 %         3           0.20 % 
       125 – 174.9           2           0.13 %         1           0.07 % 
       175 – 199.9           2           0.14 %         0           0.00 % 
       200 – 249.9           4           0.26 %         0           0.00 % 
       >250           1           0.07 %         0           0.00 % 
         Total          901           59.28 %         619           40.72 % 

WisdomTree SmallCap Dividend Fund

                         

June 16, 2006 – March 31, 2012

        0 – 24.9           732           48.16 %         631           41.51 % 
       25 – 49.9           66           4.34 %         51           3.36 % 
       50 – 74.9           13           0.85 %         6           0.40 % 
       75 – 99.9           2           0.13 %         2           0.13 % 
       100 – 124.9           3           0.20 %         2           0.13 % 
       125 – 174.9           3           0.20 %         2           0.13 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           1           0.06 %         1           0.07 % 
       >250           3           0.20 %         2           0.13 % 
         Total          823           54.14 %         697           45.86 % 
* Basis point (bps) is a unit that is equal to 1/100th of 1%.

 

66   WisdomTree Domestic Dividend Funds

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Trustees and Officers Information (unaudited)

 

The Board has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board 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, New York 10017.

Interested Trustee and Officers

 

Name

(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)

During the Past 5 Years

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

Other
Directorships
Held by Trustee/
Officer

Jonathan Steinberg
(1964)		   Trustee, President*   Trustee and Officer
since 2005		   President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989.   48   None.
Amit Muni
(1969)		   Treasurer,* Assistant Secretary*   Officer
since 2008		   Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008.   48   None.
Richard Morris
(1967)		   Secretary,* Chief Legal Officer*   Officer
since 2005		   General Counsel of WisdomTree Asset Management since 2009; Chief Compliance Officer of WisdomTree Trust since 2009; Deputy General Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors, N.A. from 2002 to 2005.   48   None.

 

† As of March 31, 2012.

 

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

 

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Trustees and Officers Information (unaudited) (concluded)

 

Independent Trustees

 

Name
(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)
During the Past 5 Years

   Number of Portfolios
in Fund Complex
Overseen by
Trustee†		  

Other
Directorships
Held by Trustee

Gregory Barton
(1961)*		   Trustee   Trustee
since 2006		   Executive Vice President of Business Legal Affairs, General Counsel and Secretary of TheStreet, Inc. 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc.   48   Trustee, GLG Investment Series Trust; and Trustee, Man Long/Short Fund.
Toni Massaro
(1955)**		   Trustee   Trustee
since 2006		   Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.   48   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. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds 1991 to 2004.   48   Member of Board of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame.

 

† As of March 31, 2012.

 

* Chair of the Audit Committee.

 

** Chair of the Governance and Nominating Committee.

 

68   WisdomTree Domestic 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, 2012, 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 2013.

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, 2012, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income		  

Total Dividend Fund

    $ 4,878,946   

Equity Income Fund

      8,709,371   

LargeCap Dividend Fund

      23,317,595   

Dividend ex-Financials Fund

      22,091,647   

MidCap Dividend Fund

      3,440,628   

SmallCap Dividend Fund

      4,392,998   

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2012, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction

Total Dividend Fund

      86 %      

Equity Income Fund

      79 %      

LargeCap Dividend Fund

      92 %      

Dividend ex-Financials Fund

      80 %      

MidCap Dividend Fund

      46 %      

SmallCap Dividend Fund

      50 %      

 

WisdomTree Domestic Dividend Funds      69   

Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

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

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

Shareholder Reports and Quarterly Portfolio Disclosure

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

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

The 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.

 

70   WisdomTree Domestic 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, 2012:

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

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

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree International Hedged Equity Fund (HEDJ)

 

WisdomTree International Dividend
Sector Funds

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

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

 

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

  

WisdomTree Domestic and International
Earnings Funds

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree LargeCap Growth Fund (ROI)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Currency Funds

 

WisdomTree Dreyfus Brazilian Real Fund (BZF)

 

WisdomTree Dreyfus Chinese Yuan Fund (CYB)

 

WisdomTree Dreyfus Commodity Currency Fund (CCX)

 

WisdomTree Dreyfus Emerging Currency Fund (CEW)

 

WisdomTree Dreyfus Indian Rupee Fund (ICN)

 

WisdomTree Dreyfus Japanese Yen Fund (JYF)

 

WisdomTree Dreyfus South African Rand Fund (SZR)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.

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

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.

Table of Contents

WisdomTree Trust

380 Madison Avenue, 21st Floor

New York, NY 10017

 

LOGO

 

LOGO

 

WisdomTree Domestic Dividend Funds

WisdomTree Total Dividend Fund

WisdomTree Equity Income Fund

WisdomTree LargeCap Dividend Fund

WisdomTree Dividend ex-Financials Fund

WisdomTree MidCap Dividend Fund

WisdomTree SmallCap Dividend Fund

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS004135 (05/2013)

Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

Domestic and International Earnings Funds

 

Annual Report

March 31, 2012

WisdomTree Total Earnings Fund (EXT)

WisdomTree Earnings 500 Fund (EPS)

WisdomTree MidCap Earnings Fund (EZM)

WisdomTree SmallCap Earnings Fund (EES)

WisdomTree LargeCap Value Fund (EZY)

WisdomTree LargeCap Growth Fund (ROI)

WisdomTree India Earnings Fund (EPI)

Table of Contents

Table of Contents

 

Management’s Discussion of Funds’ Performance (unaudited)

        1   

Performance Summaries (unaudited)

        3   

Description of Indexes (unaudited)

       10   

Shareholder Expense Examples (unaudited)

        12   
Schedules of Investments     

WisdomTree Total Earnings Fund

        14   

WisdomTree Earnings 500 Fund

        29   

WisdomTree MidCap Earnings Fund

        36   

WisdomTree SmallCap Earnings Fund

        44   

WisdomTree LargeCap Value Fund

        55   

WisdomTree LargeCap Growth Fund

        59   

WisdomTree India Earnings Fund (consolidated)

        64   

Statements of Assets and Liabilities

        67   

Statements of Operations

        68   

Statements of Changes in Net Assets

        69   

Financial Highlights

        72   

Notes to Financial Statements

       76   

Report of Independent Registered Public Accounting Firm

        88   

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

        89   

Frequency Distribution of Discounts & Premiums (unaudited)

        90   

Trustees and Officers Information (unaudited)

        92   

Supplemental Information (unaudited)

        94   

General Information (unaudited)

        95   

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

Table of Contents

Management’s Discussion of Funds’ Performance

(unaudited)

 

Market Environment Overview

The U.S. equity market, as measured by the S&P 500 Index, returned 8.54% for the 12-month period ended March 31, 2012 (the “period”). After bottoming in March of 2009, the S&P 500 recorded its third straight year of gains. Measured from March 31, 2009 through March 31, 2012, the three year cumulative total return on the S&P 500 Index was 87.99%. This represents a substantial recovery in the equity market as earnings and dividend levels reached and surpassed previous records.

While the overall return for the period was positive, it was marked by several bouts of volatility. Investors had to deal with events domestically and abroad that impacted the U.S. market: as the S&P 500 Index fell for the first six months of the period and turned around significantly in the second half of the period.

Much of the volatility experienced in the market revolved around concerns over a debt crisis in the developed world. At home in the United States, politicians squabbled over raising the U.S. debt ceiling in the summer of 2011. After the market close on Friday, August 5, 2011, Standard & Poor’s downgraded the U.S. government from its AAA rating — the highest credit quality rating one can achieve — due to escalating debt levels, large deficits, and the lack of a coherent plan from U.S. politicians attacking these fiscal issues. The following Monday, the S&P 500 closed down 6.65% and many market participants shifted assets away from equities and risky assets to perceived safe havens. Paradoxically, there was a flight to the very bonds that were downgraded as many believed the problems in other parts of the world, such as Europe, were worse than those in the United States.

WisdomTree Funds’ Performance Overview

By the end of September 2011, investors had experienced market uncertainty due to the European debt crisis intensifying. This resulted in the worst quarterly performance for the S&P 500 since 2008 (down 13.87%). To support the economy and credit markets, on September 21, 2011, the Federal Reserve announced “Operation Twist,” which attempted to push down long-term interest rates by shifting the balance of the Treasury’s securities holdings towards longer-term securities and selling shorter-term investments. These Federal Reserve actions, known as a form of quantitative easing, or “QE”, helped support an environment in which many investors were willing to take on more risk. From September 22, 2011, the market rose more than 26% until the end of March 2012, erasing the negative effects of the previous volatility and leaving the U.S. market, as measured by the S&P 500 Index, up 8.54% for the period.

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

 

Ticker   WisdomTree Fund   1-Year
NAV
Return		  

Cap-Weighted

Benchmark

   1-Year
Return		     Difference

EXT

   WisdomTree Total Earnings Fund   9.74%   Russell 3000® Index     7.18%      2.56%

EPS

   WisdomTree Earnings 500 Fund   10.60%   S&P 500® Index     8.54%      2.06%

EZM

   WisdomTree MidCap Earnings Fund   4.92%   S&P MidCap 400® Index     1.98%      2.94%

EES

   WisdomTree SmallCap Earnings Fund   4.39%   Russell 2000® Index     -0.18%      4.57%

EZY

   WisdomTree LargeCap Value Fund   4.83%   Russell 1000® Value Index     4.79%      0.04%

ROI

   WisdomTree LargeCap Growth Fund   6.74%   Russell 1000® Growth Index     11.02%      -4.28%

EPI

   WisdomTree India Earnings Fund   -21.96%   MSCI India Index     -20.51%      -1.45%

With all the volatility in the markets during the period, it may not be a surprise that equities considered to be more defensive in nature, such as large cap stocks, or dividend paying stocks fared better than mid cap and small cap stocks and more growth oriented strategies. While the S&P 500 Index was up 8.54%, the Russell 2000 Index, an index of small cap U.S. equities, experienced a decline of -0.18%.

WisdomTree’s earnings weighted funds are designed to track indexes based on the earnings stream generated by companies included in the underlying WisdomTree Index.

 

WisdomTree Domestic and International Earnings Funds      1   

Table of Contents

Management’s Discussion of Funds’ Performance (unaudited) (concluded)

 

The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drive performance differentials of the WisdomTree Funds and Indexes versus market cap-weighted benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the earnings stream.

Five of the ten sectors represented within the S&P 500 Index experienced positive performance over the period. The best performing sector over the period was the Information Technology sector. This was spurred by a lively initial public offering market and by earnings strength from some of its biggest components, such as Apple, Google, and IBM. Also, the more defensive sectors outpaced the market, such as Health Care, Consumer Staples, and Utilities. The Energy sector was the worst performing sector for the period, followed by Materials, as the commodities markets experienced a selloff over the period. Financials also lagged the broader market as questions arose about exposures to the European sovereign debt crisis.

By including only companies with profits, WisdomTree’s Earnings Funds tend to have a higher quality bias to their investment portfolios than traditional market capitalization weighted indexes. During the period, the strongest gains tended to be in the larger and more defensive stocks. For example, large cap stocks as a group outperformed small cap stocks and defensive sectors as a group outperformed cyclical sectors. As a result, most of the WisdomTree Domestic Earnings Funds outperformed their cap-weighted benchmarks. Domestically, the one exception was the WisdomTree LargeCap Growth Fund, in which performance was hindered mostly by negative stock selection in sectors such as Financials and Information Technology.

Internationally, India is the only region of the world where WisdomTree sets portfolio weights based on earnings. This is because tax regulations in India act as a disincentive to dividend payments. During the period, emerging markets equities lagged the developed world markets. India was in the lower half of countries within the MSCI Emerging Markets Index on the basis of cumulative equity performance from March 31, 2011 through March 31, 2012. The slowdown in India was largely due to concerns about inflation and the effects of increasing energy costs that have persisted for much of the past year. As a result, the India Earnings Fund had the lowest absolute performance of any international WisdomTree Fund, down more than 21% for the period even after favorable equity performance from December 31, 2011 through March 31, 2012.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 10 for the list of index descriptions.

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

 

2   WisdomTree Domestic and International Earnings Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Total Earnings Fund (EXT)

 

Sector Breakdown† as of 3/31/12‡

 

 

Information Technology

     19.1%   

Financials

     16.6%   

Energy

     12.0%   

Consumer Discretionary

     11.5%   

Industrials

     10.4%   

Health Care

     10.1%   

Consumer Staples

     9.2%   

Materials

     4.4%   

Utilities

     3.1%   

Telecommunication Services

     2.1%   

Other

     1.5%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Exxon Mobil Corp.

     4.0%   

Apple, Inc.

     3.5%   

Microsoft Corp.

     2.5%   

Chevron Corp.

     2.4%   

JPMorgan Chase & Co.

     2.3%   

Wells Fargo & Co.

     1.6%   

Wal-Mart Stores, Inc.

     1.5%   

International Business Machines Corp.

     1.4%   

Intel Corp.

     1.4%   

Citigroup, Inc.

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

The Fund returned 9.74% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/12

 

        Average Annual Total Return  
       

Fund

Net Asset Value

     

Fund

Market Price

      WisdomTree
Earnings Index		      Russell 3000®  Index  

One Year

        9.74 %       9.82 %       10.13 %       7.18 % 

Three Year

        24.90 %       24.89 %       25.30 %       24.26 % 

Five Year

        2.69 %       2.71 %       2.92 %       2.18 % 

Since Inception1

        2.28 %       2.29 %       2.50 %       1.71 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic and International Earnings Funds      3   

Table of Contents

Performance Summary (unaudited)

WisdomTree Earnings 500 Fund (EPS)

 

Sector Breakdown† as of 3/31/12‡

 

 

Information Technology

     19.5%   

Financials

     16.8%   

Energy

     13.4%   

Consumer Discretionary

     10.7%   

Health Care

     10.3%   

Consumer Staples

     9.9%   

Industrials

     9.6%   

Materials

     4.1%   

Utilities

     2.8%   

Telecommunication Services

     2.3%   

Other

     0.6%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Exxon Mobil Corp.

     4.6%   

Apple, Inc.

     4.1%   

Microsoft Corp.

     2.9%   

Chevron Corp.

     2.8%   

JPMorgan Chase & Co.

     2.7%   

Wells Fargo & Co.

     1.9%   

Wal-Mart Stores, Inc.

     1.6%   

International Business Machines Corp.

     1.6%   

Intel Corp.

     1.5%   

Citigroup, 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 Earnings 500 Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Earnings 500 Index.

The Fund returned 10.60% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.28%.

Performance as of 3/31/12

 

        Average Annual Total Return  
       

Fund

Net Asset Value

     

Fund

Market Price

      WisdomTree
Earnings 500
Index		      S&P 500®  Index  

One Year

        10.60 %       10.61 %       10.86 %       8.54 % 

Three Year

        23.52 %       23.54 %       23.93 %       23.42 % 

Five Year

        2.23 %       2.22 %       2.53 %       2.01 % 

Since Inception1

        1.85 %       1.85 %       2.15 %       1.59 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree Domestic and International Earnings Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree MidCap Earnings Fund (EZM)

 

Sector Breakdown† as of 3/31/12‡

 

 

Consumer Discretionary

     17.4%   

Information Technology

     16.4%   

Industrials

     16.3%   

Financials

     15.9%   

Health Care

     7.3%   

Materials

     7.3%   

Energy

     5.2%   

Utilities

     4.0%   

Consumer Staples

     2.7%   

Telecommunication Services

     0.9%   

Other

     6.6%   

 

† 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 3/31/12

 

Description   % of Net Assets  

TRW Automotive Holdings Corp.

     1.3%   

Whirlpool Corp.

     1.1%   

American Capital Ltd.

     0.9%   

Computer Sciences Corp.

     0.9%   

Constellation Brands, Inc.

     0.7%   

Tesoro Corp.

     0.7%   

ITT Corp.

     0.7%   

Arrow Electronics, Inc.

     0.7%   

Reinsurance Group of America, Inc.

     0.6%   

Harris Corp.

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

The Fund returned 4.92% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

        Average Annual Total Return          
        Fund
Net Asset Value		     

Fund

Market Price

      WisdomTree
MidCap Earnings
Index		      S&P MidCap
400® Index		  

One Year

        4.92 %       5.12 %       5.23 %       1.98 % 

Three Year

        34.17 %       34.19 %       34.84 %       28.55 % 

Five Year

        5.96 %       5.97 %       6.15 %       4.78 % 

Since Inception1

        5.35 %       5.40 %       5.54 %       4.25 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic and International Earnings Funds      5   

Table of Contents

Performance Summary (unaudited)

WisdomTree SmallCap Earnings Fund (EES)

 

Sector Breakdown† as of 3/31/12‡

 

 

Information Technology

     18.4%   

Financials

     17.8%   

Industrials

     15.8%   

Consumer Discretionary

     15.2%   

Health Care

     7.8%   

Materials

     7.4%   

Consumer Staples

     3.9%   

Energy

     3.1%   

Utilities

     1.2%   

Telecommunication Services

     1.1%   

Other

     8.3%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Revlon, Inc.

     1.0%   

Veeco Instruments, Inc.

     0.9%   

Pendrell Corp.

     0.8%   

Western Refining, Inc.

     0.8%   

Cirrus Logic, Inc.

     0.7%   

Nelnet, Inc.

     0.7%   

Symetra Financial Corp.

     0.6%   

Omnivision Technologies, Inc.

     0.6%   

GT Advanced Technologies, Inc.

     0.6%   

Career Education Corp.

     0.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

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

The Fund returned 4.39% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

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

One Year

        4.39 %       4.52 %       4.69 %       -0.18 % 

Three Year

        35.99 %       35.91 %       36.46 %       26.90 % 

Five Year

        4.60 %       4.65 %       4.63 %       2.13 % 

Since Inception1

        3.69 %       3.71 %       3.74 %       1.48 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree Domestic and International Earnings Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Value Fund (EZY)

 

Sector Breakdown† as of 3/31/12‡

 

 

Energy

     31.2%   

Consumer Discretionary

     12.8%   

Telecommunication Services

     11.3%   

Health Care

     10.2%   

Industrials

     8.6%   

Financials

     8.0%   

Materials

     5.9%   

Information Technology

     4.0%   

Utilities

     3.5%   

Consumer Staples

     3.3%   

Other

     1.2%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Exxon Mobil Corp.

     13.6%   

Chevron Corp.

     8.5%   

AT&T, Inc.

     8.2%   

ConocoPhillips

     3.3%   

Verizon Communications, Inc.

     3.1%   

UnitedHealth Group, Inc.

     2.8%   

Comcast Corp.

     1.9%   

News Corp.

     1.7%   

Capital One Financial Corp.

     1.4%   

Travelers Cos., Inc. (The)

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

The Fund returned 4.83% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Industrials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree Low P/E
/LargeCap Value
Spliced Index1		      Russell 1000®
Value Index		  

One Year

        4.83 %       4.86 %       5.26 %       4.79 % 

Three Year

        24.33 %       24.31 %       24.98 %       22.82 % 

Five Year

        -0.09 %       -0.08 %       0.29 %       -0.81 % 

Since Inception2

        -0.42 %       -0.40 %       -0.06 %       -1.04 % 
1 

WisdomTree Low P/E Index through June 19, 2009; WisdomTree LargeCap Value Index thereafter.

 

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic and International Earnings Funds      7   

Table of Contents

Performance Summary (unaudited)

WisdomTree LargeCap Growth Fund (ROI)

 

Sector Breakdown† as of 3/31/12‡

 

 

Energy

     29.8%   

Information Technology

     26.9%   

Health Care

     10.5%   

Industrials

     9.7%   

Materials

     6.4%   

Consumer Discretionary

     6.4%   

Consumer Staples

     4.7%   

Financials

     3.7%   

Telecommunication Services

     0.7%   

Utilities

     0.4%   

Other

     0.8%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Exxon Mobil Corp.

     13.6%   

Apple, Inc.

     12.8%   

Chevron Corp.

     8.5%   

Merck & Co., Inc.

     6.3%   

ConocoPhillips

     3.3%   

Oracle Corp.

     3.2%   

PepsiCo, Inc.

     3.1%   

Freeport-McMoRan Copper & Gold, Inc.

     1.4%   

Union Pacific Corp.

     1.4%   

E.I. du Pont de Nemours & Co.

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

The Fund returned 6.74% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Information Technology sector. The Fund’s position in the Financials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.38%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
LargeCap
Growth Index		      Russell 1000®
Growth  Index		  

One Year

        6.74 %       6.74 %       7.12 %       11.02 % 

Three Year

        18.56 %       18.53 %       19.20 %       25.28 % 

Since Inception1

        17.86 %       17.87 %       18.45 %       24.15 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 4, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

8   WisdomTree Domestic and International Earnings Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree India Earnings Fund (EPI)

 

Sector Breakdown† as of 3/31/12‡

 

 

Financials

     26.4%   

Energy

     17.8%   

Information Technology

     12.4%   

Materials

     12.2%   

Consumer Discretionary

     10.5%   

Industrials

     5.9%   

Utilities

     5.4%   

Health Care

     3.8%   

Consumer Staples

     3.4%   

Telecommunication Services

     2.2%   

 

† 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 3/31/12

 

  
Description   % of Net Assets  

Reliance Industries Ltd.

     7.5%   

Infosys Ltd.

     7.2%   

Tata Motors Ltd.

     5.5%   

Oil & Natural Gas Corp. Ltd.

     4.8%   

Housing Development Finance Corp.

     3.1%   

ICICI Bank Ltd.

     2.9%   

Tata Consultancy Services Ltd.

     2.3%   

State Bank of India

     2.2%   

HDFC Bank Ltd.

     2.0%   

Tata Steel 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 India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.

The Fund returned -21.96% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the Consumer Discretionary sector. The Fund’s investment in the Energy sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.83%. Fund expenses are capped by contract at 0.88% through July 31, 2013.

Performance as of 3/31/12

 

        Average Annual Total Return          
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
India Earnings
Index		      MSCI India Index  

One Year

        -21.96 %       -21.67 %       -20.49 %       -20.51 % 

Three Year

        21.21 %       21.18 %       22.90 %       23.39 % 

Since Inception1

        -5.54 %       -5.70 %       -4.07 %       -5.39 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree Domestic and International Earnings Funds      9   

Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

The WisdomTree Earnings Index measures the performance of earnings-generating companies within the broad U.S. stock market.

The WisdomTree Earnings 500 Index measures the performance of earnings-generating companies within the large-capitalization segment of the U.S. stock market.

The WisdomTree MidCap Earnings Index measures the performance of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.

The WisdomTree SmallCap Earnings Index measures the performance of earnings-generating companies within the small-capitalization segment of the U.S. stock market.

The WisdomTree LargeCap Value Index measures the performance of the large-capitalization value segment within the earnings-generating companies of the U.S. stock market.

The WisdomTree Low P/E Index measures the performance of companies with the lowest price-to-earnings ratios (P/E ratios) in the WisdomTree Earnings Index.

The WisdomTree LargeCap Growth Index measures the performance of the large-capitalization growth segment within the earnings-generating companies of the U.S. stock market.

The WisdomTree India Earnings Index is a fundamentally weighted index that measures the performance of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.

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

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

The Russell 1000® Growth Index is a capitalization-weighted index that measures the performance of the large-capitalization growth segment of the U.S. equity universe, selecting from the Russell 1000 Index.

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

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

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

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.

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

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

 

10   WisdomTree Domestic and International Earnings Funds

Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

 

WisdomTree 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, 2011 to March 31, 2012.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/11 to 3/31/12” 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
10/01/11		      Ending
Account Value
3/31/2012		      Annualized
Expense Ratio
Based on the
Period
10/01/11 to
3/31/12		   Expenses Paid
During the
Period†
10/01/11 to
3/31/12		  

WisdomTree Total Earnings Fund

           

Actual

    $ 1,000.00       $ 1,267.70       0.28%   $ 1.59   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.60       0.28%   $ 1.42   

WisdomTree Earnings 500 Fund

           

Actual

    $ 1,000.00       $ 1,264.10       0.28%   $ 1.58   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.60       0.28%   $ 1.42   

WisdomTree MidCap Earnings Fund

           

Actual

    $ 1,000.00       $ 1,306.20       0.38%   $ 2.19   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree SmallCap Earnings Fund

           

Actual

    $ 1,000.00       $ 1,312.10       0.38%   $ 2.20   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree LargeCap Value Fund

           

Actual

    $ 1,000.00       $ 1,251.10       0.38%   $ 2.14   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree LargeCap Growth Fund

           

Actual

    $ 1,000.00       $ 1,283.20       0.38%   $ 2.17   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,023.10       0.38%   $ 1.92   

WisdomTree India Earnings Fund

           

Actual

    $ 1,000.00       $ 1,026.10       0.82%   $ 4.15   

Hypothetical (5% return before expenses)

    $ 1,000.00       $ 1,020.90       0.82%   $ 4.14   
† Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 183/366 (to reflect one-half year period).

 

WisdomTree Domestic and International Earnings Funds      13   

Table of Contents

Schedule of Investments

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 101.1%      
COMMON STOCKS – 99.6%      
Aerospace & Defense – 2.7%      

AAR Corp.

      198       $ 3,614  

Alliant Techsystems, Inc.

      197         9,874  

BE Aerospace, Inc.*

      194         9,015  

Boeing Co. (The)

      2,075         154,318  

Ceradyne, Inc.

      174         5,665  

Cubic Corp.

      104         4,917  

Curtiss-Wright Corp.

      129         4,774  

Esterline Technologies Corp.*

      100         7,146  

General Dynamics Corp.

      1,567         114,986  

GeoEye, Inc.*

      86         2,070  

Goodrich Corp.

      244         30,607  

HEICO Corp.

      45         2,322  

Hexcel Corp.*

      249         5,978  

Honeywell International, Inc.

      1,879         114,713  

Huntington Ingalls Industries, Inc.*

      223         8,974  

L-3 Communications Holdings, Inc.

      575         40,693  

Lockheed Martin Corp.

      1,499         134,700  

Moog, Inc. Class A*

      135         5,790  

National Presto Industries, Inc.(a)

      35         2,655  

Northrop Grumman Corp.

      1,339         81,786  

Orbital Sciences Corp.*

      167         2,196  

Precision Castparts Corp.

      273         47,202  

Raytheon Co.

      1,718         90,676  

Rockwell Collins, Inc.

      428         24,636  

Spirit AeroSystems Holdings, Inc. Class A*

      398         9,735  

Teledyne Technologies, Inc.*

      100         6,305  

Textron, Inc.

      603         16,781  

TransDigm Group, Inc.*

      80         9,261  

Triumph Group, Inc.

      172         10,778  

United Technologies Corp.

      2,381         197,480  
     

 

 

  
Total Aerospace & Defense               1,159,647  
Air Freight & Logistics – 0.6%      

Atlas Air Worldwide Holdings, Inc.*

      124         6,102  

C.H. Robinson Worldwide, Inc.

      214         14,015  

Expeditors International of Washington, Inc.

      346         16,093  

FedEx Corp.

      674         61,981  

Forward Air Corp.

      81         2,970  

HUB Group, Inc. Class A*

      103         3,711  

United Parcel Service, Inc. Class B

      2,056         165,960  
     

 

 

  
Total Air Freight & Logistics               270,832  
Airlines – 0.2%      

Alaska Air Group, Inc.*

      298         10,674  

Allegiant Travel Co.*

      64         3,488  

Delta Air Lines, Inc.*

      3,056         30,285  

Hawaiian Holdings, Inc.*

      482         2,521  

JetBlue Airways Corp.*

      789         3,858  

SkyWest, Inc.

      252         2,784  

Southwest Airlines Co.

      867         7,144  

Spirit Airlines, Inc.*

      152         3,051  

United Continental Holdings, Inc.*

      1,078         23,177  

US Airways Group, Inc.*(a)

      686         5,207  
     

 

 

  
Total Airlines               92,189  
     
Auto Components – 0.5%      

American Axle & Manufacturing Holdings, Inc.*

      534       $ 6,253  

BorgWarner, Inc.*

      300         25,302  

Cooper Tire & Rubber Co.

      220         3,348  

Dana Holding Corp.

      208         3,224  

Dorman Products, Inc.*

      52         2,631  

Federal-Mogul Corp.*

      565         9,724  

Gentex Corp.

      146         3,577  

Goodyear Tire & Rubber Co. (The)*

      728         8,168  

Johnson Controls, Inc.

      2,012         65,350  

Lear Corp.

      601         27,940  

Superior Industries International, Inc.

      125         2,443  

Tenneco, Inc.*

      147         5,461  

TRW Automotive Holdings Corp.*

      1,044         48,494  

Visteon Corp.*

      324         17,172  
     

 

 

  
Total Auto Components               229,087  
Automobiles – 1.5%      

Ford Motor Co.

      22,802         284,797  

General Motors Co.*

      12,698         325,704  

Harley-Davidson, Inc.

      455         22,331  

Thor Industries, Inc.

      156         4,923  
     

 

 

  
Total Automobiles               637,755  
Beverages – 1.8%      

Beam, Inc.

      172         10,074  

Boston Beer Co., Inc. (The) Class A*(a)

      18         1,922  

Brown-Forman Corp. Class B

      278         23,182  

Coca-Cola Bottling Co. Consolidated

      49         3,074  

Coca-Cola Co. (The)

      5,208         385,444  

Coca-Cola Enterprises, Inc.

      1,008         28,829  

Constellation Brands, Inc. Class A*

      1,127         26,586  

Dr. Pepper Snapple Group, Inc.

      560         22,518  

Molson Coors Brewing Co. Class B

      618         27,965  

Monster Beverage Corp.*

      252         15,647  

PepsiCo, Inc.

      3,760         249,476  
     

 

 

  
Total Beverages               794,717  
Biotechnology – 1.1%      

Alexion Pharmaceuticals, Inc.*

      139         12,908  

Amgen, Inc.

      2,889         196,423  

Biogen Idec, Inc.*

      462         58,198  

Celgene Corp.*

      629         48,760  

Cubist Pharmaceuticals, Inc.*

      73         3,157  

Emergent Biosolutions, Inc.*

      107         1,712  

Gilead Sciences, Inc.*

      2,857         139,565  

Momenta Pharmaceuticals, Inc.*

      463         7,093  

Myriad Genetics, Inc.*

      234         5,536  

PDL BioPharma, Inc.(a)

      1,414         8,979  

United Therapeutics Corp.*

      143         6,740  
     

 

 

  
Total Biotechnology               489,071  
Building Products – 0.1%      

A.O. Smith Corp.

      117         5,259  

Armstrong World Industries, Inc.

      63         3,073  

Lennox International, Inc.

      103         4,151  

 

See Notes to Financial Statements.

 

14   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Owens Corning*

      414       $ 14,916  

Simpson Manufacturing Co., Inc.

      102         3,289  
     

 

 

  
Total Building Products               30,688  
Capital Markets – 2.5%      

Affiliated Managers Group, Inc.*

      66         7,379  

American Capital Ltd.*

      4,389         38,053  

Ameriprise Financial, Inc.

      1,033         59,015  

Ares Capital Corp.

      1,041         17,020  

Artio Global Investors, Inc.

      517         2,466  

Bank of New York Mellon Corp. (The)

      4,908         118,430  

BlackRock Kelso Capital Corp.

      395         3,879  

BlackRock, Inc.

      516         105,728  

Charles Schwab Corp. (The)

      2,956         42,478  

Cohen & Steers, Inc.

      74         2,361  

E*TRADE Financial Corp.*

      539         5,902  

Eaton Vance Corp.

      321         9,174  

Federated Investors, Inc. Class B(a)

      355         7,956  

Fifth Street Finance Corp.

      239         2,333  

Financial Engines, Inc.*

      88         1,968  

Franklin Resources, Inc.

      711         88,185  

GAMCO Investors, Inc. Class A

      97         4,812  

GFI Group, Inc.

      439         1,651  

Goldman Sachs Group, Inc. (The)

      1,605         199,614  

Greenhill & Co., Inc.

      54         2,357  

Janus Capital Group, Inc.

      1,087         9,685  

Jefferies Group, Inc.

      698         13,150  

Knight Capital Group, Inc. Class A*

      354         4,556  

Legg Mason, Inc.

      300         8,379  

Main Street Capital Corp.(a)

      103         2,537  

Morgan Stanley

      5,770         113,323  

Northern Trust Corp.

      585         27,758  

Prospect Capital Corp.

      429         4,710  

Raymond James Financial, Inc.

      404         14,758  

SEI Investments Co.

      504         10,428  

Solar Capital Ltd.

      146         3,222  

State Street Corp.

      1,605         73,027  

Stifel Financial Corp.*

      137         5,184  

T. Rowe Price Group, Inc.

      522         34,087  

TD Ameritrade Holding Corp.

      1,442         28,465  

Triangle Capital Corp.(a)

      112         2,212  

Waddell & Reed Financial, Inc. Class A

      258         8,362  
     

 

 

  
Total Capital Markets               1,084,604  
Chemicals – 2.5%      

Air Products & Chemicals, Inc.

      557         51,133  

Airgas, Inc.

      157         13,968  

Albemarle Corp.

      309         19,751  

Balchem Corp.

      63         1,906  

Cabot Corp.

      165         7,042  

Calgon Carbon Corp.*

      135         2,107  

Celanese Corp. Series A

      512         23,644  

CF Industries Holdings, Inc.

      327         59,727  

Cytec Industries, Inc.

      131         7,963  

Dow Chemical Co. (The)

      3,789         131,251  
     

E.I. du Pont de Nemours & Co.

      2,950       $ 156,055  

Eastman Chemical Co.

      550         28,430  

Ecolab, Inc.

      416         25,676  

Ferro Corp.*

      618         3,671  

FMC Corp.

      140         14,820  

Georgia Gulf Corp.*

      154         5,372  

H.B. Fuller Co.

      233         7,649  

Huntsman Corp.

      634         8,882  

Innophos Holdings, Inc.

      45         2,255  

Innospec, Inc.*

      126         3,828  

International Flavors & Fragrances, Inc.

      232         13,595  

Intrepid Potash, Inc.*

      138         3,358  

Koppers Holdings, Inc.

      138         5,321  

Kraton Performance Polymers, Inc.*

      245         6,510  

Kronos Worldwide, Inc.(a)

      529         13,193  

LSB Industries, Inc.*

      92         3,581  

Minerals Technologies, Inc.

      47         3,074  

Monsanto Co.

      864         68,913  

Mosaic Co. (The)

      1,532         84,704  

NewMarket Corp.

      50         9,370  

Olin Corp.

      314         6,830  

Omnova Solutions, Inc.*

      729         4,921  

PolyOne Corp.

      529         7,618  

PPG Industries, Inc.

      518         49,624  

Praxair, Inc.

      552         63,281  

Rockwood Holdings, Inc.*

      307         16,010  

RPM International, Inc.

      364         9,533  

Scotts Miracle-Gro Co. (The) Class A(a)

      132         7,149  

Sensient Technologies Corp.

      140         5,320  

Sherwin-Williams Co. (The)

      228         24,777  

Sigma-Aldrich Corp.

      268         19,580  

Solutia, Inc.

      465         12,992  

Stepan Co.

      51         4,478  

TPC Group, Inc.*

      109         4,819  

Valhi, Inc.

      100         5,305  

Valspar Corp.

      266         12,845  

W.R. Grace & Co.*

      275         15,895  

Westlake Chemical Corp.

      279         18,076  
     

 

 

  
Total Chemicals               1,075,802  
Commercial Banks – 3.5%      

Associated Banc-Corp.

      254         3,546  

BancFirst Corp.

      53         2,309  

BancorpSouth, Inc.(a)

      237         3,192  

Bank of Hawaii Corp.

      157         7,591  

Bank of the Ozarks, Inc.

      160         5,001  

BB&T Corp.

      1,679         52,704  

BOK Financial Corp.

      208         11,706  

Camden National Corp.

      79         2,777  

Cathay General Bancorp

      204         3,611  

CIT Group, Inc.*

      420         17,321  

City National Corp.

      116         6,086  

Comerica, Inc.

      501         16,212  

Commerce Bancshares, Inc.

      279         11,305  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      15   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Community Bank System, Inc.

      117       $ 3,367  

Community Trust Bancorp, Inc.

      79         2,533  

Cullen/Frost Bankers, Inc.

      150         8,728  

CVB Financial Corp.

      305         3,581  

East West Bancorp, Inc.

      358         8,266  

FNB Corp.

      265         3,201  

Fifth Third Bancorp

      2,856         40,127  

First Citizens BancShares, Inc. Class A

      30         5,481  

First Financial Bancorp

      176         3,045  

First Financial Bankshares, Inc.(a)

      91         3,204  

First Niagara Financial Group, Inc.

      852         8,384  

First Republic Bank*

      362         11,924  

FirstMerit Corp.

      238         4,013  

Fulton Financial Corp.

      523         5,491  

Glacier Bancorp, Inc.

      181         2,704  

Hancock Holding Co.

      84         2,983  

Huntington Bancshares, Inc.

      2,788         17,983  

Iberiabank Corp.

      85         4,545  

Independent Bank Corp.

      71         2,040  

International Bancshares Corp.

      324         6,853  

Investors Bancorp, Inc.*

      214         3,214  

KeyCorp

      4,182         35,547  

M&T Bank Corp.

      395         34,318  

National Penn Bancshares, Inc.

      318         2,814  

NBT Bancorp, Inc.

      112         2,473  

Old National Bancorp

      220         2,891  

Oriental Financial Group, Inc.

      166         2,009  

Pacific Capital Bancorp NA*

      113         5,154  

Park National Corp.(a)

      51         3,528  

PNC Financial Services Group, Inc.

      2,126         137,106  

Prosperity Bancshares, Inc.

      124         5,679  

Regions Financial Corp.

      1,449         9,549  

Republic Bancorp, Inc. Class A

      204         4,880  

S&T Bancorp, Inc.(a)

      87         1,887  

Signature Bank*

      79         4,980  

Simmons First National Corp. Class A

      88         2,273  

SunTrust Banks, Inc.

      1,061         25,644  

Susquehanna Bancshares, Inc.

      234         2,312  

SVB Financial Group*

      152         9,780  

TCF Financial Corp.

      465         5,529  

Texas Capital Bancshares, Inc.*

      85         2,943  

Tompkins Financial Corp.(a)

      71         2,844  

Trustmark Corp.

      182         4,546  

U.S. Bancorp

      6,127         194,103  

UMB Financial Corp.

      86         3,847  

Umpqua Holdings Corp.

      222         3,010  

United Bankshares, Inc.(a)

      118         3,405  

Valley National Bancorp(a)

      447         5,789  

Webster Financial Corp.

      222         5,033  

Wells Fargo & Co.

      20,270         692,018  

Westamerica Bancorp.

      67         3,216  
     

 

 

  
Total Commercial Banks               1,514,135  
     
Commercial Services & Supplies – 0.5%   

ABM Industries, Inc.

      154       $ 3,742  

Avery Dennison Corp.

      377         11,359  

Brink’s Co. (The)

      185         4,416  

Cintas Corp.

      336         13,144  

Clean Harbors, Inc.*

      78         5,252  

Consolidated Graphics, Inc.*

      53         2,398  

Copart, Inc.*

      302         7,873  

Corrections Corp. of America*

      311         8,493  

Covanta Holding Corp.

      260         4,220  

Deluxe Corp.

      322         7,541  

Encore Capital Group, Inc.*

      113         2,548  

Ennis, Inc.

      208         3,291  

Geo Group, Inc. (The)*

      102         1,939  

Herman Miller, Inc.

      158         3,628  

HNI Corp.

      105         2,914  

Iron Mountain, Inc.

      325         9,360  

KAR Auction Services, Inc.*

      151         2,448  

Knoll, Inc.

      208         3,461  

McGrath Rentcorp

      56         1,798  

Mine Safety Appliances Co.

      112         4,601  

NL Industries, Inc.

      165         2,458  

Pitney Bowes, Inc.(a)

      822         14,451  

Portfolio Recovery Associates, Inc.*

      46         3,299  

R.R. Donnelley & Sons Co.(a)

      516         6,393  

Republic Services, Inc.

      734         22,431  

Rollins, Inc.

      192         4,086  

Stericycle, Inc.*

      114         9,535  

SYKES Enterprises, Inc.*

      180         2,844  

Tetra Tech, Inc.*

      136         3,585  

UniFirst Corp.

      91         5,601  

United Stationers, Inc.

      167         5,182  

Waste Connections, Inc.

      223         7,254  

Waste Management, Inc.

      1,184         41,393  
     

 

 

  
Total Commercial Services & Supplies               232,938  
Communications Equipment – 1.5%   

ADTRAN, Inc.

      243         7,579  

Arris Group, Inc.*

      371         4,192  

Aruba Networks, Inc.*

      107         2,384  

Black Box Corp.

      83         2,117  

Brocade Communications Systems, Inc.*

      730         4,198  

Cisco Systems, Inc.

      13,674         289,205  

Comtech Telecommunications Corp.

      79         2,574  

EchoStar Corp. Class A*

      293         8,245  

F5 Networks, Inc.*

      82         11,067  

Finisar Corp.*

      189         3,808  

Harris Corp.

      556         25,065  

InterDigital, Inc.

      115         4,009  

JDS Uniphase Corp.*

      209         3,028  

Juniper Networks, Inc.*

      981         22,445  

Loral Space & Communications, Inc.*

      232         18,467  

Motorola Solutions, Inc.

      562         28,566  

NETGEAR, Inc.*

      86         3,285  

 

See Notes to Financial Statements.

 

16   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Plantronics, Inc.

      125       $ 5,033  

Polycom, Inc.*

      248         4,729  

QUALCOMM, Inc.

      2,930         199,299  

Westell Technologies, Inc. Class A*

      1,184         2,759  
     

 

 

  
Total Communications Equipment               652,054  
Computers & Peripherals – 5.0%   

Apple, Inc.*

      2,501         1,499,274  

Dell, Inc.*

      8,776         145,681  

Diebold, Inc.

      164         6,317  

EMC Corp.*

      3,693         110,347  

Hewlett-Packard Co.

      9,802         233,582  

Lexmark International, Inc. Class A(a)

      436         14,493  

NCR Corp.*

      455         9,878  

NetApp, Inc.*

      632         28,295  

QLogic Corp.*

      386         6,855  

SanDisk Corp.*

      942         46,714  

Synaptics, Inc.*(a)

      116         4,235  

Western Digital Corp.*

      1,130         46,771  
     

 

 

  
Total Computers & Peripherals               2,152,442  
Construction & Engineering – 0.3%   

AECOM Technology Corp.*

      438         9,798  

EMCOR Group, Inc.

      175         4,851  

Fluor Corp.

      426         25,577  

Jacobs Engineering Group, Inc.*

      301         13,356  

KBR, Inc.

      684         24,316  

MasTec, Inc.*

      292         5,282  

Primoris Services Corp.

      156         2,506  

Quanta Services, Inc.*

      269         5,622  

Tutor Perini Corp.*

      250         3,895  

URS Corp.

      335         14,244  
     

 

 

  
Total Construction & Engineering               109,447  
Construction Materials – 0.0%   

Martin Marietta Materials, Inc.(a)

      67         5,737  
Consumer Finance – 1.2%      

Advance America, Cash Advance Centers, Inc.

      449         4,710  

American Express Co.

      3,319         192,037  

Capital One Financial Corp.

      3,015         168,056  

Cash America International, Inc.

      129         6,183  

Credit Acceptance Corp.*

      101         10,202  

DFC Global Corp.*

      177         3,340  

Discover Financial Services

      2,842         94,752  

Ezcorp, Inc. Class A*

      151         4,901  

First Cash Financial Services, Inc.*

      73         3,131  

Green Dot Corp. Class A*(a)

      58         1,538  

Nelnet, Inc. Class A

      382         9,898  

SLM Corp.

      1,888         29,755  

World Acceptance Corp.*(a)

      70         4,288  
     

 

 

  
Total Consumer Finance               532,791  
Containers & Packaging – 0.3%   

Aptargroup, Inc.

      151         8,270  

Ball Corp.

      565         24,227  

Bemis Co., Inc.

      219         7,072  
     

Boise, Inc.

      746       $ 6,125  

Crown Holdings, Inc.*

      439         16,168  

Graphic Packaging Holding Co.*

      947         5,227  

Greif, Inc. Class A

      185         10,345  

Owens-Illinois, Inc.*

      371         8,659  

Packaging Corp. of America

      369         10,919  

Rock-Tenn Co. Class A

      129         8,715  

Sealed Air Corp.

      583         11,258  

Silgan Holdings, Inc.

      183         8,089  

Sonoco Products Co.

      267         8,864  
     

 

 

  
Total Containers & Packaging               133,938  
Distributors – 0.1%   

Core-Mark Holding Co., Inc.

      53         2,170  

Genuine Parts Co.

      393         24,661  

LKQ Corp.*

      284         8,852  

Pool Corp.

      169         6,324  
     

 

 

  
Total Distributors               42,007  
Diversified Consumer Services – 0.4%   

Apollo Group, Inc. Class A*

      618         23,880  

Bridgepoint Education, Inc.*

      311         7,697  

Capella Education Co.*

      67         2,409  

Career Education Corp.*

      1,066         8,592  

Coinstar, Inc.*(a)

      86         5,465  

DeVry, Inc.

      335         11,347  

Education Management Corp.*(a)

      422         5,777  

H&R Block, Inc.

      1,117         18,397  

Hillenbrand, Inc.

      232         5,324  

ITT Educational Services, Inc.*(a)

      279         18,453  

Lincoln Educational Services Corp.

      329         2,602  

Matthews International Corp. Class A

      82         2,595  

Regis Corp.

      238         4,386  

Service Corp. International

      658         7,409  

Sotheby’s

      232         9,127  

Strayer Education, Inc.(a)

      48         4,525  

Weight Watchers International, Inc.(a)

      193         14,898  
     

 

 

  
Total Diversified Consumer Services               152,883  
Diversified Financial Services – 4.5%   

Bank of America Corp.

      15,972         152,852  

CBOE Holdings, Inc.

      285         8,100  

Citigroup, Inc.

      15,314         559,727  

CME Group, Inc.

      188         54,394  

Gain Capital Holdings, Inc.(a)

      431         2,163  

Interactive Brokers Group, Inc. Class A

      139         2,363  

IntercontinentalExchange, Inc.*

      159         21,850  

JPMorgan Chase & Co.

      21,559         991,283  

Leucadia National Corp.

      1,950         50,895  

Moody’s Corp.

      747         31,449  

MSCI, Inc. Class A*

      171         6,294  

NASDAQ OMX Group, Inc. (The)*

      732         18,959  

NYSE Euronext

      947         28,419  
     

 

 

  
Total Diversified Financial Services               1,928,748  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      17   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Diversified Telecommunication Services – 2.1%   

AboveNet, Inc.*

      74       $ 6,127  

AT&T, Inc.

      16,543         516,638  

CenturyLink, Inc.

      781         30,186  

Cincinnati Bell, Inc.*

      761         3,059  

Frontier Communications Corp.(a)

      1,150         4,795  

tw telecom, inc.*

      227         5,030  

Verizon Communications, Inc.

      8,068         308,440  

Windstream Corp.

      997         11,675  
     

 

 

  
Total Diversified Telecommunication Services               885,950  
Electric Utilities – 1.6%   

ALLETE, Inc.

      116         4,813  

American Electric Power Co., Inc.

      853         32,909  

Cleco Corp.

      227         9,001  

Duke Energy Corp.

      3,410         71,644  

Edison International

      1,057         44,933  

El Paso Electric Co.

      137         4,451  

Empire District Electric Co. (The)

      112         2,279  

Entergy Corp.

      771         51,811  

Exelon Corp.

      2,521         98,849   

FirstEnergy Corp.

      975         44,450  

Great Plains Energy, Inc.

      390         7,905  

Hawaiian Electric Industries, Inc.

      216         5,476  

IDACORP, Inc.

      135         5,551  

ITC Holdings Corp.

      97         7,463  

MGE Energy, Inc.

      85         3,773  

NextEra Energy, Inc.

      1,117         68,227  

Northeast Utilities

      517         19,191  

NV Energy, Inc.

      669         10,784  

Pepco Holdings, Inc.

      541         10,220  

Pinnacle West Capital Corp.

      291         13,939  

Portland General Electric Co.

      186         4,646  

PPL Corp.

      1,696         47,929  

Progress Energy, Inc.

      626         33,247  

Southern Co. (The)

      1,853         83,255  

UIL Holdings Corp.

      87         3,024  

Unisource Energy Corp.

      148         5,412  

Westar Energy, Inc.

      311         8,686  
     

 

 

  
Total Electric Utilities               703,868  
Electrical Equipment – 0.6%   

Acuity Brands, Inc.

      46         2,890  

AMETEK, Inc.

      352         17,076  

AZZ, Inc.

      33         1,704  

Babcock & Wilcox Co. (The)*

      240         6,180  

Belden, Inc.

      113         4,284  

Brady Corp. Class A

      209         6,761  

Emerson Electric Co.

      1,809         94,394  

EnerSys*

      244         8,455  

Franklin Electric Co., Inc.

      54         2,650  

Generac Holdings, Inc.*(a)

      90         2,209  

General Cable Corp.*

      176         5,118  

Global Power Equipment Group, Inc.*

      102         2,825  

GrafTech International Ltd.*

      438         5,230  
     

Hubbell, Inc. Class B

      164       $ 12,887  

II-VI, Inc.*

      294         6,953  

Polypore International, Inc.*(a)

      70         2,461  

Powell Industries, Inc.*

      56         1,918  

Regal-Beloit Corp.

      140         9,177  

Rockwell Automation, Inc.

      328         26,142  

Roper Industries, Inc.

      194         19,237  

Thomas & Betts Corp.*

      118         8,485  
     

 

 

  
Total Electrical Equipment               247,036  
Electronic Equipment, Instruments & Components – 1.0%   

Amphenol Corp. Class A

      443         26,478  

Anixter International, Inc.*

      115         8,341  

Arrow Electronics, Inc.*

      631         26,483  

Avnet, Inc.*

      822         29,913  

AVX Corp.

      626         8,301  

Benchmark Electronics, Inc.*

      273         4,502  

Cognex Corp.

      75         3,177  

Coherent, Inc.*

      64         3,733  

Corning, Inc.

      8,361         117,723  

Dolby Laboratories, Inc. Class A*

      341         12,978  

FEI Co.*

      90         4,420  

FLIR Systems, Inc.

      391         9,896  

Ingram Micro, Inc. Class A*

      586         10,876  

Insight Enterprises, Inc.*

      348         7,632  

IPG Photonics Corp.*

      103         5,361  

Jabil Circuit, Inc.

      735         18,463  

Kemet Corp.*

      478         4,474  

Littelfuse, Inc.

      91         5,706  

Molex, Inc.

      472         13,273  

MTS Systems Corp.

      99         5,256  

Multi-Fineline Electronix, Inc.*

      123         3,376  

National Instruments Corp.

      185         5,276  

Newport Corp.*

      174         3,083  

Plexus Corp.*

      208         7,278  

Power-One, Inc.*

      1,364         6,206  

Rofin-Sinar Technologies, Inc.*

      136         3,586  

Sanmina-SCI Corp.*

      455         5,210  

Scansource, Inc.*

      150         5,598  

SYNNEX Corp.*

      169         6,446  

Tech Data Corp.*

      187         10,147  

Trimble Navigation Ltd.*

      87         4,735  

TTM Technologies, Inc.*

      223         2,562  

Vishay Intertechnology, Inc.*

      1,465         17,814  
     

 

 

  
Total Electronic Equipment, Instruments & Components               408,303  
Energy Equipment & Services – 1.1%   

Atwood Oceanics, Inc.*

      310         13,916  

Baker Hughes, Inc.

      1,283         53,809  

Bristow Group, Inc.

      124         5,919  

Cameron International Corp.*

      471         24,883  

CARBO Ceramics, Inc.(a)

      45         4,745  

Diamond Offshore Drilling, Inc.(a)

      692         46,191  

Dresser-Rand Group, Inc.*

      86         3,990  

 

See Notes to Financial Statements.

 

18   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Dril-Quip, Inc.*

      61       $ 3,966  

FMC Technologies, Inc.*

      326         16,437  

Gulfmark Offshore, Inc. Class A*

      71         3,263  

Halliburton Co.

      3,036         100,765  

Helix Energy Solutions Group, Inc.*

      153         2,723  

Helmerich & Payne, Inc.

      266         14,351  

Lufkin Industries, Inc.

      29         2,339  

National Oilwell Varco, Inc.

      1,075         85,430  

Newpark Resources*

      328         2,686  

Oceaneering International, Inc.

      206         11,101  

Oil States International, Inc.*

      114         8,899  

Patterson-UTI Energy, Inc.

      546         9,440  

Rowan Cos., Inc.*

      244         8,035  

RPC, Inc.(a)

      820         8,700  

SEACOR Holdings, Inc.*

      29         2,778  

Superior Energy Services, Inc.*

      322         8,488  

Tidewater, Inc.

      87         4,700  

Unit Corp.*

      132         5,644  
     

 

 

  
Total Energy Equipment & Services               453,198  
Food & Staples Retailing – 2.6%   

Andersons, Inc. (The)

      81         3,944  

Casey’s General Stores, Inc.

      92         5,102  

Costco Wholesale Corp.

      692         62,834  

CVS Caremark Corp.

      3,704         165,939  

Harris Teeter Supermarkets, Inc.

      130         5,213  

Ingles Markets, Inc. Class A

      148         2,611  

Kroger Co. (The)

      1,923         46,594  

Pantry, Inc. (The)*

      52         676  

PriceSmart, Inc.

      62         4,514  

Safeway, Inc.(a)

      1,069         21,604  

Spartan Stores, Inc.

      63         1,142  

SUPERVALU, Inc.(a)

      804         4,591  

Sysco Corp.

      1,580         47,179  

United Natural Foods, Inc.*

      117         5,459  

Walgreen Co.

      2,700         90,423  

Wal-Mart Stores, Inc.

      10,259         627,851  

Weis Markets, Inc.

      66         2,878  

Whole Foods Market, Inc.

      224         18,637  
     

 

 

  
Total Food & Staples Retailing               1,117,191  
Food Products – 1.6%   

Archer-Daniels-Midland Co.

      2,898         91,751  

B&G Foods, Inc.

      90         2,026  

Cal-Maine Foods, Inc.(a)

      98         3,749  

Campbell Soup Co.

      970         32,835  

Chiquita Brands International, Inc.*

      175         1,538  

ConAgra Foods, Inc.

      1,068         28,046  

Corn Products International, Inc.

      228         13,144  

Darling International, Inc.*

      573         9,982  

Dean Foods Co.*

      371         4,493  

Diamond Foods, Inc.(a)

      64         1,460  

Flowers Foods, Inc.

      276         5,622  

General Mills, Inc.

      1,623         64,027  

Green Mountain Coffee Roasters, Inc.*(a)

      121         5,668  
     

H.J. Heinz Co.

      697       $ 37,324  

Hershey Co. (The)

      438         26,863  

Hormel Foods Corp.

      658         19,424  

J&J Snack Foods Corp.

      37         1,941  

J.M. Smucker Co. (The)

      261         21,235  

Kellogg Co.

      935         50,144  

Kraft Foods, Inc. Class A

      3,516         133,643  

Lancaster Colony Corp.

      89         5,915  

McCormick & Co., Inc.

      330         17,962  

Mead Johnson Nutrition Co.

      275         22,682  

Sara Lee Corp.

      702         15,114  

Seneca Foods Corp. Class A*

      75         1,976  

Smithfield Foods, Inc.*

      641         14,121  

TreeHouse Foods, Inc.*

      73         4,344  

Tyson Foods, Inc. Class A

      1,516         29,031  
     

 

 

  
Total Food Products               666,060  
Gas Utilities – 0.2%   

AGL Resources, Inc.

      252         9,883  

Atmos Energy Corp.

      283         8,903  

Laclede Group, Inc. (The)

      66         2,575  

National Fuel Gas Co.

      121         5,823  

New Jersey Resources Corp.

      90         4,011  

Northwest Natural Gas Co.

      74         3,360  

ONEOK, Inc.

      201         16,414  

Piedmont Natural Gas Co., Inc.(a)

      165         5,127  

Questar Corp.

      471         9,071  

South Jersey Industries, Inc.

      98         4,904  

Southwest Gas Corp.

      129         5,513  

UGI Corp.

      334         9,102  

WGL Holdings, Inc.

      141         5,739  
     

 

 

  
Total Gas Utilities               90,425  
Health Care Equipment & Supplies – 1.5%   

Align Technology, Inc.*

      146         4,022  

Baxter International, Inc.

      1,722         102,941  

Becton Dickinson and Co.

      640         49,696  

Boston Scientific Corp.*

      4,634         27,711  

C.R. Bard, Inc.

      245         24,186  

CareFusion Corp.*

      457         11,850  

Conceptus, Inc.*

      219         3,149  

CONMED Corp.

      102         3,047  

Cooper Cos., Inc. (The)

      109         8,906  

Cyberonics, Inc.*

      75         2,860  

DENTSPLY International, Inc.

      330         13,243  

Edwards Lifesciences Corp.*

      108         7,855  

Gen-Probe, Inc.*

      47         3,121  

Greatbatch, Inc.*

      85         2,084  

Haemonetics Corp.*

      49         3,414  

Hill-Rom Holdings, Inc.

      154         5,145  

Hologic, Inc.*

      194         4,181  

IDEXX Laboratories, Inc.*

      89         7,783  

Intuitive Surgical, Inc.*

      46         24,921  

Masimo Corp.*

      131         3,063  

Medtronic, Inc.

      3,450         135,206  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      19   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

NuVasive, Inc.*

      216       $ 3,637  

ResMed, Inc.*

      257         7,944  

Sirona Dental Systems, Inc.*

      92         4,742  

St. Jude Medical, Inc.

      1,007         44,620  

STERIS Corp.

      169         5,344  

Stryker Corp.

      991         54,981  

Teleflex, Inc.

      91         5,565  

Thoratec Corp.*

      73         2,461  

Varian Medical Systems, Inc.*

      248         17,102  

West Pharmaceutical Services, Inc.

      82         3,487  

Zimmer Holdings, Inc.

      645         41,461  
     

 

 

  
Total Health Care Equipment & Supplies               639,728  
Health Care Providers & Services – 2.8%   

Aetna, Inc.

      1,797         90,138  

Amedisys, Inc.*

      236         3,413  

AMERIGROUP Corp.*

      200         13,456  

AmerisourceBergen Corp.

      778         30,871  

Amsurg Corp.*

      113         3,162  

Cardinal Health, Inc.

      867         37,376  

Catalyst Health Solutions, Inc.*

      65         4,142  

Centene Corp.*

      125         6,121  

Chemed Corp.

      83         5,202  

Cigna Corp.

      1,283         63,188  

Community Health Systems, Inc.*

      657         14,612  

Coventry Health Care, Inc.

      680         24,188  

DaVita, Inc.*

      226         20,378  

Ensign Group, Inc. (The)

      113         3,069  

Express Scripts Holding Co.*

      1,094         59,273  

Five Star Quality Care, Inc.*

      1,163         3,966  

Hanger Orthopedic Group, Inc.*

      106         2,317  

HCA Holdings, Inc.

      1,263         31,247  

Health Management Associates, Inc. Class A*

      1,088         7,311  

Health Net, Inc.*

      341         13,545  

Healthways, Inc.*

      223         1,641  

Henry Schein, Inc.*

      235         17,785  

Humana, Inc.

      668         61,777  

Kindred Healthcare, Inc.*

      197         1,702  

Laboratory Corp. of America Holdings*

      259         23,709  

Landauer, Inc.

      19         1,007  

LifePoint Hospitals, Inc.*

      231         9,111  

Lincare Holdings, Inc.

      305         7,893  

Magellan Health Services, Inc.*

      107         5,223  

McKesson Corp.

      681         59,771  

Medco Health Solutions, Inc.*

      1,032         72,550  

Mednax, Inc.*

      150         11,155  

Molina Healthcare, Inc.*

      228         7,668  

National Healthcare Corp.

      34         1,549  

Omnicare, Inc.

      209         7,434  

Owens & Minor, Inc.

      156         4,744  

Patterson Cos., Inc.

      352         11,757  

PSS World Medical, Inc.*

      138         3,497  

Quest Diagnostics, Inc.

      483         29,535  

Select Medical Holdings Corp.*

      585         4,499  

Team Health Holdings, Inc.*

      120         2,467  
     

Tenet Healthcare Corp.*

      1,415       $ 7,514  

Triple-S Management Corp. Class B*

      186         4,297  

UnitedHealth Group, Inc.

      4,096         241,418  

Universal American Corp.

      495         5,336  

Universal Health Services, Inc. Class B

      340         14,249  

VCA Antech, Inc.*

      233         5,408  

WellCare Health Plans, Inc.*

      138         9,919  

WellPoint, Inc.

      1,699         125,386  
     

 

 

  
Total Health Care Providers & Services               1,196,976  
Health Care Technology – 0.1%   

Allscripts Healthcare Solutions, Inc.*

      117         1,942  

Cerner Corp.*

      209         15,918  

Quality Systems, Inc.

      69         3,017  
     

 

 

  
Total Health Care Technology               20,877  
Hotels, Restaurants & Leisure – 1.4%   

Ameristar Casinos, Inc.

      96         1,788  

Bally Technologies, Inc.*

      117         5,470  

Bob Evans Farms, Inc.

      124         4,677  

Bravo Brio Restaurant Group, Inc.*

      150         2,994  

Brinker International, Inc.

      268         7,383  

Buffalo Wild Wings, Inc.*

      32         2,902  

CEC Entertainment, Inc.

      106         4,018  

Cheesecake Factory, Inc. (The)*

      88         2,586  

Chipotle Mexican Grill, Inc.*

      24         10,032  

Choice Hotels International, Inc.

      137         5,116  

Churchill Downs, Inc.

      41         2,292  

Cracker Barrel Old Country Store, Inc.

      117         6,529  

Darden Restaurants, Inc.

      379         19,390  

Domino’s Pizza, Inc.

      181         6,570  

Einstein Noah Restaurant Group, Inc.

      107         1,596  

Hyatt Hotels Corp. Class A*

      73         3,119  

International Game Technology

      664         11,149  

International Speedway Corp. Class A

      150         4,162  

Interval Leisure Group, Inc.

      154         2,680  

Jack In The Box, Inc.*

      181         4,339  

Las Vegas Sands Corp.

      951         54,749  

Life Time Fitness, Inc.*

      98         4,956  

Marriott International, Inc. Class A

      319         12,074  

McDonald’s Corp.

      2,145         210,425  

Panera Bread Co. Class A*

      50         8,046  

Papa John’s International, Inc.*

      107         4,030  

Penn National Gaming, Inc.*

      147         6,318  

Sonic Corp.*

      199         1,528  

Speedway Motorsports, Inc.

      85         1,588  

Starbucks Corp.

      1,127         62,988  

Starwood Hotels & Resorts Worldwide, Inc.

      347         19,574  

Texas Roadhouse, Inc.

      147         2,446  

Vail Resorts, Inc.

      28         1,211  

WMS Industries, Inc.*

      107         2,539  

Wyndham Worldwide Corp.

      499         23,208  

Wynn Resorts Ltd.

      166         20,730  

Yum! Brands, Inc.

      849         60,432  
     

 

 

  
Total Hotels, Restaurants & Leisure               605,634  

 

See Notes to Financial Statements.

 

20   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Household Durables – 0.3%   

American Greetings Corp. Class A

      254       $ 3,897  

Blyth, Inc.

      35         2,619  

D.R. Horton, Inc.

      389         5,901  

Harman International Industries, Inc.

      135         6,319  

Jarden Corp.

      271         10,902  

La-Z-Boy, Inc.*

      234         3,501  

Leggett & Platt, Inc.

      311         7,156  

Lennar Corp. Class A(a)

      168         4,566  

Mohawk Industries, Inc.*

      120         7,981  

Newell Rubbermaid, Inc.

      965         17,187  

NVR, Inc.*

      12         8,716  

Tempur-Pedic International, Inc.*

      164         13,847  

Toll Brothers, Inc.*

      169         4,054  

Tupperware Brands Corp.

      184         11,684  

Whirlpool Corp.

      524         40,275  
     

 

 

  
Total Household Durables               148,605  
Household Products – 1.6%   

Central Garden and Pet Co. Class A*

      279         2,687  

Church & Dwight Co., Inc.

      304         14,954  

Clorox Co. (The)

      324         22,275  

Colgate-Palmolive Co.

      1,031         100,811  

Energizer Holdings, Inc.*

      151         11,201  

Kimberly-Clark Corp.

      1,016         75,072  

Procter & Gamble Co. (The)

      6,702         450,442  

WD-40 Co.

      44         1,995  
     

 

 

  
Total Household Products               679,437  
Independent Power Producers & Energy Traders – 0.0%   

AES Corp. (The)*

      593         7,750  

NRG Energy, Inc.*

      710         11,126  

Ormat Technologies, Inc.(a)

      84         1,693  
     

 

 

  
Total Independent Power Producers & Energy Traders               20,569  
Industrial Conglomerates – 1.8%   

3M Co.

      2,011         179,401  

Carlisle Cos., Inc.

      138         6,889  

Danaher Corp.

      1,561         87,416  

General Electric Co.

      24,634         494,405  

Raven Industries, Inc.

      33         2,013  

Seaboard Corp.*

      5         9,755  
     

 

 

  
Total Industrial Conglomerates               779,879  
Insurance – 4.1%   

Aflac, Inc.

      2,574         118,378  

Alleghany Corp.*

      18         5,924  

Allstate Corp. (The)

      767         25,250  

American Equity Investment Life Holding Co.

      259         3,307  

American Financial Group, Inc.

      398         15,355  

American National Insurance Co.

      71         5,149  

AMERISAFE, Inc.*

      120         2,969  

AmTrust Financial Services, Inc.

      295         7,930  

Arthur J. Gallagher & Co.

      200         7,148  

Assurant, Inc.

      493         19,966  
     

Berkshire Hathaway, Inc. Class B*

      5,549       $ 450,301  

Brown & Brown, Inc.

      318         7,562  

Chubb Corp. (The)

      985         68,073  

Cincinnati Financial Corp.

      159         5,487  

CNA Financial Corp.

      1,002         29,389  

CNO Financial Group, Inc.*

      2,467         19,193  

Crawford & Co. Class B

      399         1,955  

Delphi Financial Group, Inc. Class A

      301         13,476  

Employers Holdings, Inc.

      158         2,798  

Erie Indemnity Co. Class A

      105         8,184  

FBL Financial Group, Inc. Class A

      185         6,234  

Fidelity National Financial, Inc. Class A

      797         14,370  

First American Financial Corp.

      447         7,434  

Genworth Financial, Inc. Class A*

      338         2,812  

Hanover Insurance Group, Inc. (The)

      57         2,344  

Hartford Financial Services Group, Inc.

      2,274         47,936  

HCC Insurance Holdings, Inc.

      394         12,281  

Horace Mann Educators Corp.

      202         3,559  

Infinity Property & Casualty Corp.

      64         3,349  

Kemper Corp.

      141         4,269  

Lincoln National Corp.

      2,250         59,310  

Loews Corp.

      1,293         51,552  

Markel Corp.*

      21         9,428  

Marsh & McLennan Cos., Inc.

      950         31,150  

Meadowbrook Insurance Group, Inc.

      184         1,717  

Mercury General Corp.

      136         5,949  

MetLife, Inc.

      4,862         181,596  

National Western Life Insurance Co. Class A

      24         3,285  

Navigators Group, Inc. (The)*

      41         1,937  

Phoenix Cos., Inc. (The)*

      1,461         3,579  

Primerica, Inc.

      374         9,428  

Principal Financial Group, Inc.

      1,286         37,950  

ProAssurance Corp.

      126         11,102  

Progressive Corp. (The)

      2,032         47,102  

Protective Life Corp.

      546         16,172  

Prudential Financial, Inc.

      2,395         151,819  

Reinsurance Group of America, Inc.

      430         25,572  

RLI Corp.

      95         6,806  

Safety Insurance Group, Inc.

      79         3,290  

Selective Insurance Group, Inc.

      105         1,849  

StanCorp Financial Group, Inc.

      227         9,293  

Symetra Financial Corp.

      603         6,953  

Torchmark Corp.

      476         23,729  

Tower Group, Inc.

      123         2,759  

Travelers Cos., Inc. (The)

      1,274         75,421  

Universal Insurance Holdings, Inc.

      929         3,614  

Unum Group

      1,707         41,787  

W.R. Berkley Corp.

      467         16,868  
     

 

 

  
Total Insurance               1,763,399  
Internet & Catalog Retail – 0.4%   

Amazon.com, Inc.*

      181         36,654  

Expedia, Inc.(a)

      339         11,336  

HSN, Inc.

      83         3,157  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      21   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Liberty Interactive Corp. Class A*

      1,235       $ 23,576  

Netflix, Inc.*

      112         12,885  

priceline.com, Inc.*

      78         55,965  

TripAdvisor, Inc.*

      339         12,092  
     

 

 

  
Total Internet & Catalog Retail               155,665  
Internet Software & Services – 1.3%   

Akamai Technologies, Inc.*

      250         9,175  

Ancestry.com, Inc.*(a)

      103         2,342  

AOL, Inc.*

      156         2,959  

Digital River, Inc.*

      129         2,414  

Earthlink, Inc.

      552         4,410  

eBay, Inc.*

      2,359         87,024  

Equinix, Inc.*

      16         2,519  

Google, Inc. Class A*

      609         390,515  

IAC/InterActiveCorp

      91         4,467  

j2 Global, Inc.(a)

      114         3,270  

Keynote Systems, Inc.

      101         1,996  

Rackspace Hosting, Inc.*

      48         2,774  

United Online, Inc.

      413         2,020  

ValueClick, Inc.*

      341         6,731  

VeriSign, Inc.

      88         3,374  

WebMD Health Corp.*

      54         1,381  

Yahoo!, Inc.*

      2,611         39,739  
     

 

 

  
Total Internet Software & Services               567,110  
IT Services – 3.1%   

Acxiom Corp.*

      133         1,952  

Alliance Data Systems Corp.*

      123         15,493  

Automatic Data Processing, Inc.

      954         52,651  

Booz Allen Hamilton Holding Corp.

      311         5,296  

Broadridge Financial Solutions, Inc.

      337         8,058  

CACI International, Inc. Class A*

      86         5,357  

Cardtronics, Inc.*

      101         2,651  

Cognizant Technology Solutions Corp. Class A*

      478         36,782  

Computer Sciences Corp.

      1,089         32,605  

Convergys Corp.*

      300         4,005  

CoreLogic, Inc.*

      106         1,730  

CSG Systems International, Inc.*

      169         2,559  

DST Systems, Inc.

      209         11,334  

Euronet Worldwide, Inc.*

      81         1,692  

Fidelity National Information Services, Inc.

      701         23,217  

Fiserv, Inc.*

      314         21,788  

FleetCor Technologies, Inc.*

      134         5,195  

Gartner, Inc.*

      156         6,652  

Global Payments, Inc.

      192         9,114  

International Business Machines Corp.

      2,994         624,698  

Jack Henry & Associates, Inc.

      216         7,370  

Lender Processing Services, Inc.

      362         9,412  

ManTech International Corp. Class A

      160         5,514  

Mastercard, Inc. Class A

      253         106,397  

MAXIMUS, Inc.

      102         4,148  

NeuStar, Inc. Class A*

      205         7,636  

Paychex, Inc.

      743         23,026  

SAIC, Inc.*

      1,525         20,130  
     

Sapient Corp.

      368       $ 4,582  

Syntel, Inc.

      138         7,728  

TeleTech Holdings, Inc.*

      294         4,733  

Teradata Corp.*

      255         17,378  

Total System Services, Inc.

      504         11,627  

Unisys Corp.*

      297         5,857  

VeriFone Systems, Inc.*

      104         5,395  

Visa, Inc. Class A

      1,465         172,870  

Western Union Co. (The)

      2,041         35,922  

Wright Express Corp.*

      79         5,114  
     

 

 

  
Total IT Services         1,327,668  
Leisure Equipment & Products – 0.1%      

Hasbro, Inc.

      393         14,431  

Mattel, Inc.

      997         33,559  

Polaris Industries, Inc.

      150         10,823  
     

 

 

  
Total Leisure Equipment & Products         58,813  
Life Sciences Tools & Services – 0.4%      

Agilent Technologies, Inc.

      1,066         47,448  

Bio-Rad Laboratories, Inc. Class A*

      73         7,569  

Bruker Corp.*

      307         4,700  

Charles River Laboratories International, Inc.*

      104         3,753  

Covance, Inc.*

      136         6,478  

Illumina, Inc.*(a)

      114         5,998  

Life Technologies Corp.*

      336         16,403  

Mettler-Toledo International, Inc.*(a)

      54         9,976  

PAREXEL International Corp.*

      132         3,560  

PerkinElmer, Inc.

      339         9,377  

Techne Corp.

      82         5,748  

Thermo Fisher Scientific, Inc.

      823         46,401  

Waters Corp.*

      206         19,088  
     

 

 

  
Total Life Sciences Tools & Services         186,499  
Machinery – 2.5%      

Actuant Corp. Class A

      266         7,711  

AGCO Corp.*

      324         15,296  

Albany International Corp. Class A

      96         2,203  

Astec Industries, Inc.*

      90         3,283  

Barnes Group, Inc.

      169         4,446  

Blount International, Inc.*

      148         2,469  

Briggs & Stratton Corp.

      170         3,048  

Caterpillar, Inc.

      1,968         209,631  

Chart Industries, Inc.*

      28         2,053  

CLARCOR, Inc.

      117         5,744  

Crane Co.

      121         5,869  

Cummins, Inc.

      646         77,546  

Deere & Co.

      1,337         108,163  

Donaldson Co., Inc.

      282         10,076  

Dover Corp.

      560         35,246  

Eaton Corp.

      1,150         57,305  

EnPro Industries, Inc.*

      89         3,658  

ESCO Technologies, Inc.

      66         2,427  

Flowserve Corp.

      148         17,096  

Gardner Denver, Inc.

      118         7,436  

 

See Notes to Financial Statements.

 

22   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Graco, Inc.

      152       $ 8,065  

Harsco Corp.

      130         3,050  

IDEX Corp.

      249         10,490  

Illinois Tool Works, Inc.

      1,571         89,736  

ITT Corp.

      1,070         24,546  

John Bean Technologies Corp.

      99         1,604  

Joy Global, Inc.

      285         20,948  

Kaydon Corp.

      97         2,474  

Kennametal, Inc.

      238         10,598  

Lincoln Electric Holdings, Inc.

      183         8,294  

Meritor, Inc.*

      494         3,987  

Middleby Corp.*

      45         4,553  

Mueller Industries, Inc.

      112         5,090  

NACCO Industries, Inc. Class A

      49         5,702  

Nordson Corp.

      171         9,321  

Oshkosh Corp.*

      601         13,925  

PACCAR, Inc.

      783         36,668  

Pall Corp.

      236         14,073  

Parker Hannifin Corp.

      531         44,896  

Pentair, Inc.

      216         10,284  

Robbins & Myers, Inc.

      90         4,685  

Sauer-Danfoss, Inc.

      297         13,959  

Snap-On, Inc.

      189         11,523  

SPX Corp.

      119         9,226  

Stanley Black & Decker, Inc.

      330         25,397  

Timken Co. (The)

      402         20,397  

Toro Co. (The)

      86         6,115  

Trimas Corp.*

      119         2,664  

Trinity Industries, Inc.

      170         5,602  

Valmont Industries, Inc.

      79         9,275  

WABCO Holdings, Inc.*

      279         16,874  

Wabtec Corp.

      116         8,743  

Watts Water Technologies, Inc. Class A

      119         4,849  

Woodward, Inc.

      146         6,253  
     

 

 

  
Total Machinery         1,054,572  
Marine – 0.0%      

Alexander & Baldwin, Inc.

      55         2,665  

International Shipholding Corp.

      92         2,124  

Kirby Corp.*

      115         7,566  
     

 

 

  
Total Marine         12,355  
Media – 3.1%      

AMC Networks, Inc. Class A*

      78         3,481  

Arbitron, Inc.

      62         2,293  

Belo Corp. Class A

      456         3,270  

Cablevision Systems Corp. Class A

      627         9,204  

CBS Corp. Class B

      1,811         61,411  

Cinemark Holdings, Inc.

      382         8,385  

Comcast Corp. Class A

      5,495         164,905  

Cumulus Media, Inc. Class A*

      683         2,384  

DIRECTV Class A*

      1,995         98,433  

Discovery Communications, Inc. Class C*

      871         40,832  

DISH Network Corp. Class A

      1,989         65,498  

DreamWorks Animation SKG, Inc. Class A*(a)

      268         4,945  
     

Entercom Communications Corp. Class A*

      464       $ 3,011  

Gannett Co., Inc.

      1,434         21,983  

Harte-Hanks, Inc.

      440         3,982  

Interpublic Group of Cos., Inc. (The)

      1,511         17,241  

John Wiley & Sons, Inc. Class A

      148         7,043  

Madison Square Garden, Inc. Class A*

      81         2,770  

McGraw-Hill Cos., Inc. (The)

      790         38,291  

Meredith Corp.(a)

      186         6,038  

Morningstar, Inc.

      70         4,413  

News Corp. Class A

      6,984         137,515  

Omnicom Group, Inc.

      718         36,367  

Regal Entertainment Group Class A

      267         3,631  

Scholastic Corp.

      157         5,539  

Scripps Networks Interactive, Inc. Class A

      404         19,671  

Sinclair Broadcast Group, Inc. Class A

      300         3,318  

Sirius XM Radio, Inc.*(a)

      5,013         11,580  

Time Warner Cable, Inc.

      872         71,068  

Time Warner, Inc.

      3,227         121,819  

Valassis Communications, Inc.*

      192         4,416  

Viacom, Inc. Class B

      1,955         92,784  

Virgin Media, Inc.

      164         4,097  

Walt Disney Co. (The)

      5,115         223,935  

Washington Post Co. (The) Class B(a)

      21         7,845  

World Wrestling Entertainment, Inc. Class A(a)

      216         1,916  
     

 

 

  
Total Media         1,315,314  
Metals & Mining – 1.4%      

Alcoa, Inc.

      3,898         39,058  

Allegheny Technologies, Inc.

      176         7,246  

AMCOL International Corp.

      101         2,978  

Carpenter Technology Corp.

      75         3,917  

Century Aluminum Co.*

      286         2,540  

Cliffs Natural Resources, Inc.

      1,004         69,537  

Coeur d’Alene Mines Corp.*

      98         2,327  

Compass Minerals International, Inc.

      78         5,596  

Freeport-McMoRan Copper & Gold, Inc.

      5,160         196,286  

Globe Specialty Metals, Inc.

      215         3,197  

Hecla Mining Co.(a)

      657         3,035  

Materion Corp.*

      87         2,500  

Metals USA Holdings Corp.*

      188         2,709  

Molycorp, Inc.*(a)

      92         3,112  

Newmont Mining Corp.

      1,425         73,060  

Noranda Aluminum Holding Corp.

      694         6,919  

Nucor Corp.

      545         23,408  

Reliance Steel & Aluminum Co.

      248         14,007  

Royal Gold, Inc.

      36         2,348  

Schnitzer Steel Industries, Inc. Class A

      91         3,630  

Southern Copper Corp.

      2,773         87,932  

Steel Dynamics, Inc.

      711         10,338  

Stillwater Mining Co.*

      443         5,600  

Titanium Metals Corp.

      291         3,946  

Walter Energy, Inc.

      201         11,901  

Worthington Industries, Inc.

      263         5,044  
     

 

 

  
Total Metals & Mining         592,171  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      23   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Multiline Retail – 0.8%      

Big Lots, Inc.*

      249       $ 10,712  

Dillard’s, Inc. Class A

      177         11,154  

Dollar General Corp.*

      654         30,215  

Dollar Tree, Inc.*

      228         21,544  

Family Dollar Stores, Inc.

      274         17,339  

J.C. Penney Co., Inc.

      331         11,727  

Kohl’s Corp.

      920         46,028  

Macy’s, Inc.

      1,391         55,264  

Nordstrom, Inc.

      547         30,479  

Saks, Inc.*(a)

      273         3,169  

Target Corp.

      2,122         123,649  
     

 

 

  
Total Multiline Retail         361,280  
Multi-Utilities – 1.2%      

Alliant Energy Corp.

      292         12,649  

Ameren Corp.

      701         22,839  

Avista Corp.

      171         4,374  

Black Hills Corp.

      73         2,448  

CenterPoint Energy, Inc.

      1,585         31,256  

CH Energy Group, Inc.

      71         4,738  

CMS Energy Corp.

      866         19,052  

Consolidated Edison, Inc.

      737         43,056  

Dominion Resources, Inc.

      598         30,624  

DTE Energy Co.

      559         30,762  

Integrys Energy Group, Inc.

      163         8,637  

MDU Resources Group, Inc.

      449         10,053  

NiSource, Inc.

      718         17,483  

NorthWestern Corp.

      134         4,752  

NSTAR

      290         14,103  

OGE Energy Corp.

      268         14,338  

PG&E Corp.

      1,113         48,315  

Public Service Enterprise Group, Inc.

      1,133         34,681  

SCANA Corp.

      372         16,967  

Sempra Energy

      977         58,581  

TECO Energy, Inc.

      510         8,950  

Vectren Corp.

      202         5,870  

Wisconsin Energy Corp.

      551         19,384  

Xcel Energy, Inc.

      1,263         33,432  
     

 

 

  
Total Multi-Utilities         497,344  
Office Electronics – 0.1%      

Xerox Corp.

      4,656         37,621  

Zebra Technologies Corp. Class A*

      146         6,012  
     

 

 

  
Total Office Electronics         43,633  
Oil, Gas & Consumable Fuels – 11.1%      

Alpha Natural Resources, Inc.*

      98         1,491  

Anadarko Petroleum Corp.

      300         23,502  

Apache Corp.

      1,618         162,512  

Arch Coal, Inc.

      291         3,117  

Berry Petroleum Co. Class A

      143         6,740  

Bill Barrett Corp.*(a)

      89         2,315  

Cabot Oil & Gas Corp.

      100         3,117  

Chesapeake Energy Corp.

      1,893         43,861  

Chevron Corp.

      9,791         1,049,987  
     

Cimarex Energy Co.

      313       $ 23,622  

Clayton Williams Energy, Inc.*

      45         3,575  

Cloud Peak Energy, Inc.*

      279         4,444  

Concho Resources, Inc.*

      200         20,416  

ConocoPhillips

      5,456         414,711  

Consol Energy, Inc.

      542         18,482  

Contango Oil & Gas Co.*

      56         3,299  

Continental Resources, Inc.*

      284         24,373  

CVR Energy, Inc.*

      498         13,321  

Delek US Holdings, Inc.

      320         4,963  

Denbury Resources, Inc.*

      1,244         22,678  

Devon Energy Corp.

      1,322         94,021  

El Paso Corp.

      465         13,741  

Energen Corp.

      278         13,664  

EOG Resources, Inc.

      225         24,997  

EQT Corp.

      261         12,583  

EXCO Resources, Inc.(a)

      715         4,740  

Exxon Mobil Corp.

      19,668         1,705,806  

Forest Oil Corp.*

      271         3,284  

Gulfport Energy Corp.*

      119         3,465  

Hess Corp.

      1,021         60,188  

HollyFrontier Corp.

      1,197         38,484  

Kinder Morgan, Inc.(a)

      551         21,296  

Marathon Oil Corp.

      2,601         82,452  

Marathon Petroleum Corp.

      3,082         133,635  

Murphy Oil Corp.

      718         40,402  

Newfield Exploration Co.*

      470         16,300  

Noble Energy, Inc.

      339         33,147  

Oasis Petroleum, Inc.*

      108         3,330  

Occidental Petroleum Corp.

      2,536         241,503  

Peabody Energy Corp.

      975         28,236  

Pioneer Natural Resources Co.

      210         23,434  

Plains Exploration & Production Co.*

      305         13,008  

QEP Resources, Inc.

      414         12,627  

Rosetta Resources, Inc.*

      51         2,487  

SandRidge Energy, Inc.*

      1,101         8,621  

SM Energy Co.

      92         6,511  

Southwestern Energy Co.*

      715         21,879  

Spectra Energy Corp.

      1,578         49,786  

Stone Energy Corp.*

      244         6,976  

Swift Energy Co.*

      99         2,874  

Tesoro Corp.*

      921         24,720  

Valero Energy Corp.

      3,535         91,097  

W&T Offshore, Inc.

      318         6,703  

Western Refining, Inc.

      514         9,673  

Whiting Petroleum Corp.*

      387         21,014  

Williams Cos., Inc. (The)

      1,067         32,874  

World Fuel Services Corp.

      203         8,323  

WPX Energy, Inc.*

      355         6,393  
     

 

 

  
Total Oil, Gas & Consumable Fuels         4,774,800  
Paper & Forest Products – 0.2%      

Buckeye Technologies, Inc.

      171         5,809  

Clearwater Paper Corp.*

      114         3,786  

 

See Notes to Financial Statements.

 

24   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

International Paper Co.

      1,657       $ 58,161  

KapStone Paper and Packaging Corp.*

      285         5,614  

MeadWestvaco Corp.

      283         8,940  

PH Glatfelter Co.

      228         3,598  

Schweitzer-Mauduit International, Inc.

      36         2,486  
     

 

 

  
Total Paper & Forest Products         88,394  
Personal Products – 0.2%      

Avon Products, Inc.

      1,588         30,744  

Elizabeth Arden, Inc.*

      53         1,854  

Estee Lauder Cos., Inc. (The) Class A

      614         38,031  

Nu Skin Enterprises, Inc. Class A

      142         8,223  

Revlon, Inc. Class A*

      778         13,420  

USANA Health Sciences, Inc.*

      66         2,464  
     

 

 

  
Total Personal Products         94,736  
Pharmaceuticals – 4.4%      

Abbott Laboratories

      4,244         260,115  

Akorn, Inc.*

      233         2,726  

Allergan, Inc.

      396         37,790  

Bristol-Myers Squibb Co.

      4,085         137,869  

DepoMed, Inc.*

      701         4,388  

Eli Lilly & Co.

      4,538         182,745  

Endo Pharmaceuticals Holdings, Inc.*

      283         10,961  

Forest Laboratories, Inc.*

      1,400         48,566  

Hi-Tech Pharmacal Co., Inc.*

      52         1,868  

Hospira, Inc.*

      514         19,219  

Impax Laboratories, Inc.*

      249         6,120  

Jazz Pharmaceuticals PLC*

      113         5,477  

Johnson & Johnson

      7,106         468,712  

Medicines Co. (The)*

      276         5,539  

Medicis Pharmaceutical Corp. Class A

      140         5,263  

Merck & Co., Inc.

      4,421         169,766  

Mylan, Inc.*

      899         21,082  

Par Pharmaceutical Cos., Inc.*

      91         3,524  

Perrigo Co.

      137         14,154  

Pfizer, Inc.

      20,080         455,013  

Questcor Pharmaceuticals, Inc.*

      69         2,596  

Salix Pharmaceuticals Ltd.*

      56         2,940  

Viropharma, Inc.*

      227         6,826  

Watson Pharmaceuticals, Inc.*

      157         10,528  
     

 

 

  
Total Pharmaceuticals         1,883,787  
Professional Services – 0.2%      

Corporate Executive Board Co. (The)

      75         3,226  

Dun & Bradstreet Corp. (The)

      115         9,744  

Equifax, Inc.

      245         10,844  

FTI Consulting, Inc.*

      118         4,427  

IHS, Inc. Class A*

      74         6,930  

Insperity, Inc.

      129         3,953  

Kelly Services, Inc. Class A

      159         2,542  

Korn/Ferry International*

      157         2,630  

Manpower, Inc.

      222         10,516  

Pendrell Corp.*

      3,731         9,738  

Robert Half International, Inc.

      188         5,696  
     

Towers Watson & Co. Class A

      116       $ 7,664  

Verisk Analytics, Inc. Class A*

      224         10,521  
     

 

 

  
Total Professional Services         88,431  
Real Estate Investment Trusts (REITs) – 0.7%      

Alexander’s, Inc.

      10         3,939  

Alexandria Real Estate Equities, Inc.

      64         4,680  

American Tower Corp.

      221         13,927  

AvalonBay Communities, Inc.

      58         8,198  

BioMed Realty Trust, Inc.

      83         1,575  

Boston Properties, Inc.

      75         7,874  

BRE Properties, Inc.

      27         1,365  

Digital Realty Trust, Inc.(a)

      83         6,140  

Entertainment Properties Trust

      51         2,365  

Equity Lifestyle Properties, Inc.

      40         2,790  

Equity One, Inc.

      174         3,518  

Essex Property Trust, Inc.

      6         909  

Extra Space Storage, Inc.

      61         1,756  

Federal Realty Investment Trust

      66         6,388  

Getty Realty Corp.(a)

      292         4,549  

HCP, Inc.

      497         19,612  

Health Care REIT, Inc.

      78         4,287  

Hospitality Properties Trust

      103         2,726  

Kimco Realty Corp.

      303         5,836  

Liberty Property Trust

      182         6,501  

LTC Properties, Inc.

      98         3,136  

Mack-Cali Realty Corp.

      130         3,747  

National Health Investors, Inc.

      99         4,829  

National Retail Properties, Inc.

      130         3,535  

Omega Healthcare Investors, Inc.

      91         1,935  

Piedmont Office Realty Trust, Inc. Class A

      191         3,390  

Plum Creek Timber Co., Inc.

      219         9,102  

Potlatch Corp.

      102         3,197  

PS Business Parks, Inc.

      37         2,425  

Public Storage

      159         21,969  

Rayonier, Inc.

      312         13,756  

Realty Income Corp.

      152         5,887  

Senior Housing Properties Trust

      260         5,733  

Simon Property Group, Inc.

      258         37,586  

SL Green Realty Corp.

      307         23,808  

Taubman Centers, Inc.

      32         2,334  

Ventas, Inc.

      164         9,364  

Vornado Realty Trust

      283         23,829  

Weyerhaeuser Co.

      780         17,098  
     

 

 

  
Total Real Estate Investment Trusts (REITs)         305,595  
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

      661         13,193  

Howard Hughes Corp. (The)*

      78         4,982  

Jones Lang LaSalle, Inc.

      96         7,998  
     

 

 

  
Total Real Estate Management & Development         26,173  
Road & Rail – 0.8%      

AMERCO

      58         6,120  

Con-way, Inc.

      103         3,359  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      25   

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

CSX Corp.

      3,316       $ 71,360  

Dollar Thrifty Automotive Group, Inc.*

      72         5,825  

Genesee & Wyoming, Inc. Class A*

      84         4,585  

Heartland Express, Inc.

      166         2,400  

Hertz Global Holdings, Inc.*

      292         4,392  

JB Hunt Transport Services, Inc.

      254         13,810  

Kansas City Southern*

      143         10,252  

Knight Transportation, Inc.

      136         2,402  

Landstar System, Inc.

      106         6,118  

Norfolk Southern Corp.

      989         65,106  

Old Dominion Freight Line, Inc.*

      131         6,245  

Ryder System, Inc.

      89         4,699  

Union Pacific Corp.

      1,177         126,504  

Werner Enterprises, Inc.

      140         3,480  
     

 

 

  
Total Road & Rail         336,657  
Semiconductors & Semiconductor Equipment – 3.2%   

Advanced Energy Industries, Inc.*

      225         2,952  

Advanced Micro Devices, Inc.*

      1,976         15,848  

Altera Corp.

      922         36,714  

Amkor Technology, Inc.*(a)

      1,369         8,413  

Analog Devices, Inc.

      939         37,936  

Applied Materials, Inc.

      6,226         77,451  

Atmel Corp.*

      2,005         19,769  

Broadcom Corp. Class A*

      1,227         48,221  

Brooks Automation, Inc.

      459         5,659  

Cabot Microelectronics Corp.

      45         1,750  

Cirrus Logic, Inc.*

      446         10,615  

Cree, Inc.*(a)

      100         3,163  

Cymer, Inc.*

      106         5,300  

Cypress Semiconductor Corp.*

      288         4,501  

Diodes, Inc.*

      203         4,706  

Entegris, Inc.*

      711         6,641  

Entropic Communications, Inc.*

      377         2,198  

Fairchild Semiconductor International, Inc.*

      572         8,408  

First Solar, Inc.*(a)

      534         13,377  

GT Advanced Technologies, Inc.*(a)

      1,181         9,767  

Hittite Microwave Corp.*

      62         3,367  

Integrated Device Technology, Inc.*

      415         2,967  

Integrated Silicon Solution, Inc.*

      238         2,656  

Intel Corp.

      20,792         584,463  

International Rectifier Corp.*

      200         4,614  

Intersil Corp. Class A

      257         2,878  

KLA-Tencor Corp.

      633         34,448  

Kulicke & Soffa Industries, Inc.*

      686         8,527  

Lam Research Corp.*(a)

      552         24,630  

Lattice Semiconductor Corp.*

      339         2,180  

Linear Technology Corp.

      691         23,287  

LSI Corp.*

      443         3,845  

Maxim Integrated Products, Inc.

      748         21,385  

Microchip Technology, Inc.(a)

      470         17,484  

Micron Technology, Inc.*

      2,582         20,914  

Microsemi Corp.*

      125         2,680  

MKS Instruments, Inc.

      251         7,412  
     

Nanometrics, Inc.*

      124       $ 2,295  

Novellus Systems, Inc.*

      339         16,919  

NVIDIA Corp.*

      1,501         23,100  

Omnivision Technologies, Inc.*

      413         8,260  

ON Semiconductor Corp.*

      666         6,001  

PMC – Sierra, Inc.*

      704         5,090  

RF Micro Devices, Inc.*

      724         3,606  

Rubicon Technology, Inc.*

      217         2,263  

Semtech Corp.*

      156         4,440  

Silicon Laboratories, Inc.*

      48         2,064  

Skyworks Solutions, Inc.*

      561         15,512  

Spansion, Inc. Class A*

      201         2,448  

Teradyne, Inc.*

      865         14,610  

Texas Instruments, Inc.

      3,743         125,802  

TriQuint Semiconductor, Inc.*

      487         3,358  

Veeco Instruments, Inc.*(a)

      424         12,126  

Xilinx, Inc.

      799         29,108  
     

 

 

  
Total Semiconductors & Semiconductor Equipment         1,368,128  
Software – 4.1%      

ACI Worldwide, Inc.*

      272         10,953  

Activision Blizzard, Inc.

      2,194         28,127  

Adobe Systems, Inc.*

      1,227         42,098  

ANSYS, Inc.*

      150         9,753  

Autodesk, Inc.*

      312         13,204  

BMC Software, Inc.*

      436         17,510  

CA, Inc.

      1,478         40,734  

Cadence Design Systems, Inc.*

      245         2,901  

Citrix Systems, Inc.*

      211         16,650  

Compuware Corp.*

      567         5,211  

Ebix, Inc.(a)

      135         3,127  

Factset Research Systems, Inc.(a)

      81         8,022  

Fair Isaac Corp.

      113         4,961  

Fortinet, Inc.*

      88         2,433  

Informatica Corp.*

      119         6,295  

Intuit, Inc.

      512         30,787  

JDA Software Group, Inc.*

      72         1,979  

Mentor Graphics Corp.*

      227         3,373  

MICROS Systems, Inc.*

      116         6,414  

Microsoft Corp.

      33,806         1,090,243  

MicroStrategy, Inc. Class A*

      23         3,220  

Oracle Corp.

      10,944         319,127  

Parametric Technology Corp.*

      143         3,995  

Progress Software Corp.*

      204         4,818  

Quest Software, Inc.*

      141         3,281  

Red Hat, Inc.*

      92         5,510  

Rovi Corp.*

      96         3,125  

Salesforce.com, Inc.*

      6         927  

SolarWinds, Inc.*

      67         2,589  

Solera Holdings, Inc.

      113         5,186  

SS&C Technologies Holdings, Inc.*

      113         2,636  

Symantec Corp.*

      1,750         32,725  

Synopsys, Inc.*

      307         9,413  

TeleCommunication Systems, Inc. Class A*

      763         2,121  

 

See Notes to Financial Statements.

 

26   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

TeleNav, Inc.*

      292       $ 2,050  

TIBCO Software, Inc.*

      149         4,544  

Tyler Technologies, Inc.*

      53         2,036  

VMware, Inc. Class A*

      256         28,767  
     

 

 

  
Total Software         1,780,845  
Specialty Retail – 2.3%      

Aaron’s, Inc.

      198         5,128  

Abercrombie & Fitch Co. Class A

      152         7,541  

Advance Auto Parts, Inc.

      219         19,397  

Aeropostale, Inc.*

      304         6,572  

American Eagle Outfitters, Inc.

      470         8,079  

ANN, Inc.*

      138         3,952  

Ascena Retail Group, Inc.*

      288         12,764  

AutoNation, Inc.*(a)

      324         11,116  

AutoZone, Inc.*

      104         38,667  

Bed Bath & Beyond, Inc.*

      586         38,541  

Best Buy Co., Inc.

      1,871         44,305  

Buckle, Inc. (The)

      182         8,718  

Cabela’s, Inc.*

      132         5,036  

CarMax, Inc.*

      440         15,246  

Cato Corp. (The) Class A

      92         2,543  

Chico’s FAS, Inc.

      495         7,475  

Children’s Place Retail Stores, Inc. (The)*

      74         3,824  

Dick’s Sporting Goods, Inc.

      267         12,837  

DSW, Inc. Class A

      141         7,723  

Express, Inc.*

      255         6,370  

Finish Line, Inc. (The) Class A

      189         4,011  

Foot Locker, Inc.

      338         10,495  

GameStop Corp. Class A(a)

      718         15,681  

Gap, Inc. (The)

      2,151         56,227  

Genesco, Inc.*

      48         3,439  

GNC Holdings, Inc. Class A

      132         4,605  

Group 1 Automotive, Inc.

      45         2,528  

Guess?, Inc.

      379         11,844  

hhgregg, Inc.*(a)

      132         1,502  

Hibbett Sports, Inc.*

      49         2,673  

Home Depot, Inc. (The)

      3,642         183,229  

JOS A Bank Clothiers, Inc.*

      89         4,487  

Lowe’s Cos., Inc.

      2,869         90,029  

Ltd. Brands, Inc.

      802         38,496  

Men’s Wearhouse, Inc. (The)

      131         5,079  

Monro Muffler Brake, Inc.

      50         2,075  

O’Reilly Automotive, Inc.*

      241         22,015  

Penske Automotive Group, Inc.

      346         8,522  

PetSmart, Inc.

      239         13,676  

Pier 1 Imports, Inc.*

      481         8,745  

RadioShack Corp.(a)

      642         3,993  

Rent-A-Center, Inc.

      183         6,908  

Ross Stores, Inc.

      556         32,304  

Sally Beauty Holdings, Inc.*

      441         10,937  

Select Comfort Corp.*

      200         6,478  

Sonic Automotive, Inc. Class A(a)

      289         5,176  

Staples, Inc.

      2,443         39,528  
     

Systemax, Inc.*

      268       $ 4,518  

Tiffany & Co.

      226         15,623  

TJX Cos., Inc.

      1,872         74,337  

Tractor Supply Co.

      119         10,777  

Ulta Salon Cosmetics & Fragrance, Inc.

      44         4,087  

Urban Outfitters, Inc.*

      318         9,257  

Wet Seal, Inc. (The) Class A*

      476         1,642  

Williams-Sonoma, Inc.

      228         8,545  
     

 

 

  
Total Specialty Retail         989,302  
Textiles, Apparel & Luxury Goods – 0.7%      

Carter’s, Inc.*

      120         5,972  

Coach, Inc.

      578         44,668  

Columbia Sportswear Co.(a)

      118         5,599  

Crocs, Inc.*

      271         5,669  

Deckers Outdoor Corp.*(a)

      80         5,044  

Fossil, Inc.*

      148         19,533  

G-III Apparel Group Ltd.*

      92         2,615  

Hanesbrands, Inc.*

      356         10,516  

Iconix Brand Group, Inc.*

      273         4,745  

Jones Group, Inc. (The)

      227         2,851  

Maidenform Brands, Inc.*

      107         2,409  

NIKE, Inc. Class B

      900         97,596  

PVH Corp.

      116         10,362  

Ralph Lauren Corp.

      186         32,425  

Steven Madden Ltd.*

      154         6,584  

True Religion Apparel, Inc.*

      55         1,507  

Under Armour, Inc. Class A*(a)

      53         4,982  

Vera Bradley, Inc.*(a)

      54         1,630  

VF Corp.

      268         39,123  

Warnaco Group, Inc. (The)*

      157         9,169  

Wolverine World Wide, Inc.

      163         6,060  
     

 

 

  
Total Textiles, Apparel & Luxury Goods         319,059  
Thrifts & Mortgage Finance – 0.1%      

Astoria Financial Corp.

      183         1,804  

Capitol Federal Financial, Inc.

      164         1,945  

Dime Community Bancshares, Inc.

      121         1,768  

Flushing Financial Corp.

      163         2,194  

New York Community Bancorp, Inc.(a)

      1,420         19,752  

Northwest Bancshares, Inc.

      290         3,683  

Ocwen Financial Corp.*

      184         2,876  

People’s United Financial, Inc.

      402         5,323  

Provident Financial Services, Inc.

      165         2,397  

TFS Financial Corp.*

      221         2,100  

Washington Federal, Inc.

      446         7,502  
     

 

 

  
Total Thrifts & Mortgage Finance         51,344  
Tobacco – 1.5%      

Altria Group, Inc.

      4,935         152,343  

Lorillard, Inc.

      402         52,051  

Philip Morris International, Inc.

      4,359         386,251  

Reynolds American, Inc.

      1,409         58,389  

Universal Corp.

      122         5,685  

Vector Group Ltd.(a)

      141         2,499  
     

 

 

  
Total Tobacco         657,218  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      27   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Total Earnings Fund (EXT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Trading Companies & Distributors – 0.2%      

Applied Industrial Technologies, Inc.

      197       $ 8,103  

Beacon Roofing Supply, Inc.*

      81         2,086  

CAI International, Inc.*

      129         2,345  

Fastenal Co.

      355         19,205  

GATX Corp.

      115         4,634  

Interline Brands, Inc.*

      216         4,668  

Kaman Corp.

      85         2,886  

MSC Industrial Direct Co. Class A

      95         7,912  

TAL International Group, Inc.

      184         6,755  

W.W. Grainger, Inc.

      138         29,644  

Watsco, Inc.

      79         5,849  

WESCO International, Inc.*

      129         8,425  
     

 

 

  
Total Trading Companies & Distributors         102,512  
Water Utilities – 0.1%      

American States Water Co.

      86         3,108  

American Water Works Co., Inc.

      391         13,306  

Aqua America, Inc.

      201         4,480  

California Water Service Group

      113         2,058  
     

 

 

  
Total Water Utilities         22,952  
Wireless Telecommunication Services – 0.1%      

Crown Castle International Corp.*

      103         5,494  

MetroPCS Communications, Inc.*

      1,252         11,293  

NII Holdings, Inc.*

      535         9,796  

NTELOS Holdings Corp.

      90         1,863  

Telephone & Data Systems, Inc.

      329         7,616  

United States Cellular Corp.*

      146         5,976  

USA Mobility, Inc.

      305         4,249  
     

 

 

  
Total Wireless Telecommunication Services         46,287  

TOTAL COMMON STOCKS

(Cost: $38,265,956)

               42,857,291  
EXCHANGE-TRADED FUND – 0.2%      

WisdomTree LargeCap Growth Fund(a)(b)

(Cost: $84,524)

      2,232         91,512  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      

Invesco Treasury Fund Private Class, 0.02%(c)

(Cost: $1,776)

      1,776         1,776  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3%      
MONEY MARKET FUND – 1.3%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $543,847)(d)      543,847         543,847  

TOTAL INVESTMENTS IN SECURITIES – 101.1%

(Cost: $38,896,103)

         43,494,426  

Liabilities in Excess of Other Assets – (1.1)%

         (468,799 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 43,025,627  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $530,260 and the total market value of the collateral held by the Fund was $543,847.

 

See Notes to Financial Statements.

 

28   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 100.3%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 2.8%      

Boeing Co. (The)

      3,820       $ 284,093  

General Dynamics Corp.

      2,850         209,133  

Goodrich Corp.

      442         55,445  

Honeywell International, Inc.

      3,556         217,094  

L-3 Communications Holdings, Inc.

      1,092         77,281  

Lockheed Martin Corp.

      2,729         245,228  

Northrop Grumman Corp.

      2,410         147,203  

Precision Castparts Corp.

      500         86,450  

Raytheon Co.

      3,162         166,890  

Rockwell Collins, Inc.

      834         48,005  

Textron, Inc.

      1,234         34,342  

TransDigm Group, Inc.*

      95         10,997  

United Technologies Corp.

      4,356         361,287  
     

 

 

  
Total Aerospace & Defense               1,943,448  
Air Freight & Logistics – 0.7%      

C.H. Robinson Worldwide, Inc.

      417         27,309  

Expeditors International of Washington, Inc.

      634         29,487  

FedEx Corp.

      1,310         120,468  

United Parcel Service, Inc. Class B

      3,841         310,046  
     

 

 

  
Total Air Freight & Logistics               487,310  
Airlines – 0.2%      

Delta Air Lines, Inc.*

      5,671         56,200  

Southwest Airlines Co.

      1,441         11,874  

United Continental Holdings, Inc.*

      2,071         44,526  
     

 

 

  
Total Airlines               112,600  
Auto Components – 0.3%      

BorgWarner, Inc.*(a)

      572         48,243  

Johnson Controls, Inc.

      3,769         122,417  
     

 

 

  
Total Auto Components               170,660  
Automobiles – 1.7%      

Ford Motor Co.

      43,580         544,314  

General Motors Co.*

      23,474         602,108  

Harley-Davidson, Inc.

      873         42,847  
     

 

 

  
Total Automobiles               1,189,269  
Beverages – 2.0%      

Beam, Inc.

      282         16,517  

Brown-Forman Corp. Class B

      538         44,864  

Coca-Cola Co. (The)

      9,516         704,279  

Coca-Cola Enterprises, Inc.

      1,959         56,028  

Dr. Pepper Snapple Group, Inc.

      1,024         41,175  

Molson Coors Brewing Co. Class B

      1,113         50,363  

Monster Beverage Corp.*

      426         26,450  

PepsiCo, Inc.

      6,838         453,701  
     

 

 

  
Total Beverages               1,393,377  
Biotechnology – 1.1%      

Alexion Pharmaceuticals, Inc.*

      186         17,272  

Amgen, Inc.

      4,986         338,998  

Biogen Idec, Inc.*

      744         93,722  

Celgene Corp.*

      1,136         88,063  
     

Gilead Sciences, Inc.*

      4,909       $ 239,804  
     

 

 

  
Total Biotechnology               777,859  
Capital Markets – 2.4%      

Affiliated Managers Group, Inc.*

      128         14,312  

Ameriprise Financial, Inc.

      1,921         109,747  

Bank of New York Mellon Corp. (The)

      9,267         223,613  

BlackRock, Inc.

      980         200,802  

Charles Schwab Corp. (The)

      5,648         81,162  

Franklin Resources, Inc.

      1,400         173,642  

Goldman Sachs Group, Inc. (The)

      2,751         342,142  

Morgan Stanley

      11,012         216,276  

Northern Trust Corp.

      1,112         52,764  

State Street Corp.

      2,833         128,901  

T. Rowe Price Group, Inc.

      955         62,361  

TD Ameritrade Holding Corp.

      3,011         59,437  
     

 

 

  
Total Capital Markets               1,665,159  
Chemicals – 2.3%      

Air Products & Chemicals, Inc.

      1,022         93,820  

Airgas, Inc.

      263         23,399  

Albemarle Corp.

      580         37,074  

Celanese Corp. Series A

      964         44,518  

CF Industries Holdings, Inc.

      676         123,471  

Dow Chemical Co. (The)

      7,527         260,735  

E.I. du Pont de Nemours & Co.

      5,570         294,653  

Eastman Chemical Co.

      1,021         52,775  

Ecolab, Inc.

      673         41,538  

FMC Corp.

      249         26,359  

International Flavors & Fragrances, Inc.

      422         24,729  

Monsanto Co.

      1,600         127,616  

Mosaic Co. (The)

      3,069         169,685  

PPG Industries, Inc.

      974         93,309  

Praxair, Inc.

      975         111,774  

Sherwin-Williams Co. (The)

      421         45,750  

Sigma-Aldrich Corp.

      514         37,553  

Valhi, Inc.

      192         10,186  
     

 

 

  
Total Chemicals               1,618,944  
Commercial Banks – 3.5%      

BB&T Corp.

      3,120         97,937  

CIT Group, Inc.*

      203         8,372  

Comerica, Inc.

      1,037         33,557  

Fifth Third Bancorp

      6,076         85,368  

Huntington Bancshares, Inc.

      5,785         37,313  

KeyCorp

      8,876         75,446  

M&T Bank Corp.

      731         63,509  

PNC Financial Services Group, Inc.

      4,052         261,313  

Regions Financial Corp.

      2,821         18,590  

SunTrust Banks, Inc.

      2,221         53,682  

U.S. Bancorp

      11,494         364,130  

Wells Fargo & Co.

      38,218         1,304,763  
     

 

 

  
Total Commercial Banks               2,403,980  
Commercial Services & Supplies – 0.2%      

Iron Mountain, Inc.

      575         16,560  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      29   

Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Republic Services, Inc.

      1,347       $ 41,164  

Stericycle, Inc.*

      235         19,656  

Waste Management, Inc.

      2,227         77,856  
     

 

 

  
Total Commercial Services & Supplies               155,236  
Communications Equipment – 1.5%      

Cisco Systems, Inc.

      24,107         509,863  

F5 Networks, Inc.*

      170         22,943  

Juniper Networks, Inc.*

      1,798         41,139  

Motorola Solutions, Inc.

      1,188         60,386  

QUALCOMM, Inc.

      5,461         371,457  
     

 

 

  
Total Communications Equipment               1,005,788  
Computers & Peripherals – 5.7%      

Apple, Inc.*

      4,670         2,799,525  

Dell, Inc.*

      16,536         274,498  

EMC Corp.*

      6,819         203,752  

Hewlett-Packard Co.

      18,150         432,514  

NetApp, Inc.*

      1,163         52,067  

SanDisk Corp.*

      1,703         84,452  

Western Digital Corp.*

      1,837         76,033  
     

 

 

  
Total Computers & Peripherals               3,922,841  
Construction & Engineering – 0.2%      

Fluor Corp.

      788         47,311  

Jacobs Engineering Group, Inc.*

      608         26,977  

KBR, Inc.

      1,245         44,260  

Quanta Services, Inc.*

      282         5,894  
     

 

 

  
Total Construction & Engineering               124,442  
Consumer Finance – 1.3%      

American Express Co.

      6,172         357,112  

Capital One Financial Corp.

      5,496         306,347  

Discover Financial Services

      5,816         193,906  

SLM Corp.

      3,082         48,572  
     

 

 

  
Total Consumer Finance               905,937  
Containers & Packaging – 0.1%      

Ball Corp.

      999         42,837  

Crown Holdings, Inc.*

      871         32,079  
     

 

 

  
Total Containers & Packaging               74,916  
Distributors – 0.1%      

Genuine Parts Co.

      684         42,921  

LKQ Corp.*

      430         13,403  
     

 

 

  
Total Distributors               56,324  
Diversified Consumer Services – 0.1%      

Apollo Group, Inc. Class A*

      1,002         38,717  

H&R Block, Inc.

      1,796         29,580  
     

 

 

  
Total Diversified Consumer Services               68,297  
Diversified Financial Services – 5.2%      

Bank of America Corp.

      31,671         303,091  

Citigroup, Inc.

      28,589         1,044,928  

CME Group, Inc.

      355         102,712  

IntercontinentalExchange, Inc.*

      300         41,226  

JPMorgan Chase & Co.

      40,439         1,859,385  
     

Leucadia National Corp.

      4,076       $ 106,384  

Moody’s Corp.

      1,321         55,614  

NASDAQ OMX Group, Inc. (The)*

      1,395         36,131  

NYSE Euronext

      1,674         50,237  
     

 

 

  
Total Diversified Financial Services               3,599,708  
Diversified Telecommunication Services – 2.3%      

AT&T, Inc.

      29,787         930,248  

CenturyLink, Inc.

      1,343         51,907  

Frontier Communications Corp.(a)

      2,058         8,582  

Verizon Communications, Inc.

      15,472         591,494  

Windstream Corp.

      1,935         22,659  
     

 

 

  
Total Diversified Telecommunication Services               1,604,890  
Electric Utilities – 1.6%      

American Electric Power Co., Inc.

      1,221         47,106  

Duke Energy Corp.

      6,026         126,606  

Edison International

      1,759         74,775  

Entergy Corp.

      1,401         94,147  

Exelon Corp.

      4,416         173,151  

FirstEnergy Corp.

      1,546         70,482  

NextEra Energy, Inc.

      1,815         110,860  

Northeast Utilities

      976         36,229  

Pepco Holdings, Inc.

      1,223         23,103  

Pinnacle West Capital Corp.

      501         23,998  

PPL Corp.

      3,190         90,150  

Progress Energy, Inc.

      1,051         55,819  

Southern Co. (The)

      3,201         143,821  
     

 

 

  
Total Electric Utilities               1,070,247  
Electrical Equipment – 0.4%      

AMETEK, Inc.

      569         27,602  

Emerson Electric Co.

      3,406         177,725  

Rockwell Automation, Inc.

      634         50,530  

Roper Industries, Inc.

      331         32,822  
     

 

 

  
Total Electrical Equipment               288,679  
Electronic Equipment, Instruments & Components – 0.5%      

Amphenol Corp. Class A

      852         50,924  

Avnet, Inc.*

      1,550         56,404  

Corning, Inc.

      15,417         217,071  

Molex, Inc.

      856         24,071  

Trimble Navigation Ltd.*

      223         12,136  
     

 

 

  
Total Electronic Equipment, Instruments & Components               360,606  
Energy Equipment & Services – 1.0%      

Baker Hughes, Inc.

      2,603         109,170  

Cameron International Corp.*

      889         46,966  

Diamond Offshore Drilling, Inc.(a)

      1,301         86,842  

FMC Technologies, Inc.*

      599         30,202  

Halliburton Co.

      6,007         199,372  

Helmerich & Payne, Inc.

      521         28,108  

National Oilwell Varco, Inc.

      1,950         154,966  

Oceaneering International, Inc.

      306         16,490  
     

 

 

  
Total Energy Equipment & Services               672,116  

 

See Notes to Financial Statements.

 

30   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Food & Staples Retailing – 2.8%      

Costco Wholesale Corp.

      1,225       $ 111,230  

CVS Caremark Corp.

      6,356         284,749  

Kroger Co. (The)

      3,523         85,362  

Safeway, Inc.(a)

      1,938         39,167  

Sysco Corp.

      2,884         86,116  

Walgreen Co.

      4,958         166,044  

Wal-Mart Stores, Inc.

      18,549         1,135,199  

Whole Foods Market, Inc.

      375         31,200  
     

 

 

  
Total Food & Staples Retailing               1,939,067  
Food Products – 1.6%      

Archer-Daniels-Midland Co.

      5,381         170,362  

Campbell Soup Co.

      1,719         58,188  

ConAgra Foods, Inc.

      1,923         50,498  

General Mills, Inc.

      2,968         117,088  

Green Mountain Coffee Roasters, Inc.*(a)

      317         14,848  

H.J. Heinz Co.

      1,264         67,687  

Hershey Co. (The)

      743         45,568  

Hormel Foods Corp.

      1,278         37,727  

J.M. Smucker Co. (The)

      439         35,717  

Kellogg Co.

      1,701         91,225  

Kraft Foods, Inc. Class A

      6,393         242,998  

McCormick & Co., Inc.

      553         30,100  

Mead Johnson Nutrition Co.

      509         41,982  

Sara Lee Corp.

      1,044         22,477  

Tyson Foods, Inc. Class A

      2,620         50,173  
     

 

 

  
Total Food Products               1,076,638  
Gas Utilities – 0.1%      

National Fuel Gas Co.

      273         13,137  

ONEOK, Inc.

      305         24,906  
     

 

 

  
Total Gas Utilities               38,043  
Health Care Equipment & Supplies – 1.5%      

Baxter International, Inc.

      3,246         194,046  

Becton Dickinson and Co.

      1,250         97,063  

Boston Scientific Corp.*

      8,735         52,235  

C.R. Bard, Inc.

      465         45,905  

CareFusion Corp.*

      866         22,455  

DENTSPLY International, Inc.

      569         22,834  

Edwards Lifesciences Corp.*

      229         16,655  

Hologic, Inc.*

      345         7,435  

Intuitive Surgical, Inc.*

      78         42,257  

Medtronic, Inc.

      6,259         245,290  

St. Jude Medical, Inc.

      1,918         84,987  

Stryker Corp.

      1,823         101,140  

Varian Medical Systems, Inc.*

      471         32,480  

Zimmer Holdings, Inc.

      1,183         76,043  
     

 

 

  
Total Health Care Equipment & Supplies               1,040,825  
Health Care Providers & Services – 2.5%      

Aetna, Inc.

      3,145         157,753  

AmerisourceBergen Corp.

      1,422         56,425  

Cardinal Health, Inc.

      1,571         67,726  

Cigna Corp.

      2,320         114,260  
     

Coventry Health Care, Inc.

      1,067       $ 37,953  

DaVita, Inc.*

      409         36,880  

Express Scripts Holding Co.*

      2,032         110,094  

HCA Holdings, Inc.

      2,675         66,179  

Henry Schein, Inc.*

      463         35,040  

Humana, Inc.

      1,090         100,803  

Laboratory Corp. of America Holdings*

      477         43,665  

McKesson Corp.

      1,219         106,992  

Medco Health Solutions, Inc.*

      1,785         125,485  

Quest Diagnostics, Inc.

      814         49,776  

UnitedHealth Group, Inc.

      7,139         420,773  

WellPoint, Inc.

      2,953         217,931  
     

 

 

  
Total Health Care Providers & Services               1,747,735  
Health Care Technology – 0.0%      

Cerner Corp.*

      368         28,027  
Hotels, Restaurants & Leisure – 1.4%      

Chipotle Mexican Grill, Inc.*

      52         21,736  

Darden Restaurants, Inc.

      745         38,114  

Hyatt Hotels Corp. Class A*

      88         3,759  

International Game Technology

      1,374         23,070  

Las Vegas Sands Corp.

      2,027         116,695  

Marriott International, Inc. Class A

      574         21,726  

McDonald’s Corp.

      3,753         368,169  

Panera Bread Co. Class A*

      60         9,655  

Starbucks Corp.

      2,009         112,283  

Starwood Hotels & Resorts Worldwide, Inc.

      724         40,841  

Wyndham Worldwide Corp.

      916         42,603  

Wynn Resorts Ltd.

      348         43,458  

Yum! Brands, Inc.

      1,507         107,268  
     

 

 

  
Total Hotels, Restaurants & Leisure               949,377  
Household Durables – 0.1%      

Newell Rubbermaid, Inc.

      1,952         34,765  
Household Products – 1.7%      

Church & Dwight Co., Inc.

      504         24,792  

Clorox Co. (The)

      576         39,600  

Colgate-Palmolive Co.

      1,820         177,959  

Energizer Holdings, Inc.*

      260         19,287  

Kimberly-Clark Corp.

      1,727         127,608  

Procter & Gamble Co. (The)

      12,058         810,418  
     

 

 

  
Total Household Products               1,199,664  
Independent Power Producers & Energy Traders – 0.0%      

AES Corp. (The)*

      435         5,686  

NRG Energy, Inc.*

      1,142         17,895  
     

 

 

  
Total Independent Power Producers & Energy Traders               23,581  
Industrial Conglomerates – 2.0%      

3M Co.

      3,698         329,899  

Danaher Corp.

      2,823         158,088  

General Electric Co.

      44,190         886,893  
     

 

 

  
Total Industrial Conglomerates               1,374,880  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      31   

Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Insurance – 3.8%      

Aflac, Inc.

      4,847       $ 222,914  

Allstate Corp. (The)

      691         22,748  

Berkshire Hathaway, Inc. Class B*

      10,147         823,429  

Chubb Corp. (The)

      1,599         110,507  

Cincinnati Financial Corp.

      260         8,973  

CNA Financial Corp.

      1,894         55,551  

Hartford Financial Services Group, Inc.

      3,986         84,025  

Lincoln National Corp.

      4,362         114,982  

Loews Corp.

      2,420         96,485  

Marsh & McLennan Cos., Inc.

      1,760         57,710  

MetLife, Inc.

      9,463         353,443  

Principal Financial Group, Inc.

      2,352         69,407  

Progressive Corp. (The)

      3,608         83,633  

Prudential Financial, Inc.

      4,063         257,554  

Torchmark Corp.

      872         43,469  

Travelers Cos., Inc. (The)

      2,004         118,637  

Unum Group

      3,223         78,899  

W.R. Berkley Corp.

      657         23,731  
     

 

 

  
Total Insurance               2,626,097  
Internet & Catalog Retail – 0.4%      

Amazon.com, Inc.*

      291         58,931  

Expedia, Inc.(a)

      620         20,733  

Liberty Interactive Corp. Class A*

      2,588         49,405  

priceline.com, Inc.*

      146         104,755  

TripAdvisor, Inc.*

      620         22,115  
     

 

 

  
Total Internet & Catalog Retail               255,939  
Internet Software & Services – 1.4%      

Akamai Technologies, Inc.*

      535         19,634  

eBay, Inc.*

      4,421         163,091  

Equinix, Inc.*

      42         6,613  

Google, Inc. Class A*

      1,119         717,548  

LinkedIn Corp. Class A*

      11         1,122  

Rackspace Hosting, Inc.*

      103         5,952  

VeriSign, Inc.

      155         5,943  

Yahoo!, Inc.*

      4,768         72,569  
     

 

 

  
Total Internet Software & Services               992,472  
IT Services – 2.9%      

Alliance Data Systems Corp.*

      191         24,058  

Automatic Data Processing, Inc.

      1,702         93,933  

Cognizant Technology Solutions Corp. Class A*

      916         70,486  

Fidelity National Information Services, Inc.

      1,278         42,327  

Fiserv, Inc.*

      569         39,483  

International Business Machines Corp.

      5,411         1,129,005  

Mastercard, Inc. Class A

      437         183,776  

Paychex, Inc.

      1,286         39,853  

Teradata Corp.*

      470         32,031  

VeriFone Systems, Inc.*

      194         10,063  

Visa, Inc. Class A

      2,568         303,024  

Western Union Co. (The)

      3,764         66,247  
     

 

 

  
Total IT Services               2,034,286  
     
Leisure Equipment & Products – 0.1%      

Hasbro, Inc.

      764       $ 28,054  

Mattel, Inc.

      1,844         62,069  
     

 

 

  
Total Leisure Equipment & Products               90,123  
Life Sciences Tools & Services – 0.4%      

Agilent Technologies, Inc.

      2,067         92,002  

Life Technologies Corp.*

      605         29,536  

Mettler-Toledo International, Inc.*(a)

      110         20,322  

Thermo Fisher Scientific, Inc.

      1,629         91,843  

Waters Corp.*

      404         37,435  
     

 

 

  
Total Life Sciences Tools & Services               271,138  
Machinery – 2.1%      

AGCO Corp.*

      620         29,270  

Caterpillar, Inc.

      3,638         387,520  

Cummins, Inc.

      1,261         151,371  

Deere & Co.

      2,548         206,133  

Donaldson Co., Inc.

      600         21,438  

Dover Corp.

      1,032         64,954  

Eaton Corp.

      2,185         108,879  

Flowserve Corp.

      296         34,191  

Gardner Denver, Inc.

      215         13,549  

Illinois Tool Works, Inc.

      2,908         166,105  

Joy Global, Inc.

      525         38,588  

PACCAR, Inc.

      1,575         73,757  

Pall Corp.

      418         24,925  

Parker Hannifin Corp.

      1,009         85,311  

Stanley Black & Decker, Inc.

      670         51,563  
     

 

 

  
Total Machinery               1,457,554  
Media – 3.2%      

CBS Corp. Class B

      3,477         117,905  

Comcast Corp. Class A

      9,782         293,558  

DIRECTV Class A*

      3,706         182,854  

Discovery Communications, Inc. Class C*

      1,616         75,758  

DISH Network Corp. Class A

      3,431         112,983  

Interpublic Group of Cos., Inc. (The)

      2,806         32,016  

McGraw-Hill Cos., Inc. (The)

      1,389         67,325  

News Corp. Class A

      11,745         231,259  

Omnicom Group, Inc.

      1,318         66,757  

Scripps Networks Interactive, Inc. Class A

      746         36,323  

Sirius XM Radio, Inc.*

      9,404         21,723  

Time Warner Cable, Inc.

      1,637         133,416  

Time Warner, Inc.

      5,830         220,082  

Viacom, Inc. Class B

      3,498         166,015  

Virgin Media, Inc.

      296         7,394  

Walt Disney Co. (The)

      9,631         421,645  
     

 

 

  
Total Media               2,187,013  
Metals & Mining – 1.4%      

Alcoa, Inc.

      8,298         83,146  

Allegheny Technologies, Inc.

      318         13,092  

Cliffs Natural Resources, Inc.

      2,009         139,143  

Freeport-McMoRan Copper & Gold, Inc.

      10,004         380,552  

Newmont Mining Corp.

      2,613         133,969  

 

See Notes to Financial Statements.

 

32   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nucor Corp.

      1,076       $ 46,214  

Royal Gold, Inc.

      61         3,979  

Southern Copper Corp.

      5,385         170,758  

Walter Energy, Inc.

      372         22,026  
     

 

 

  
Total Metals & Mining               992,879  
Multiline Retail – 0.9%      

Dollar General Corp.*

      1,142         52,760  

Dollar Tree, Inc.*

      406         38,363  

Family Dollar Stores, Inc.

      489         30,944  

J.C. Penney Co., Inc.

      605         21,435  

Kohl’s Corp.

      1,720         86,052  

Macy’s, Inc.

      2,607         103,576  

Nordstrom, Inc.

      1,014         56,500  

Target Corp.

      3,897         227,078  
     

 

 

  
Total Multiline Retail               616,708  
Multi-Utilities – 1.2%      

Alliant Energy Corp.

      549         23,783  

Ameren Corp.

      1,218         39,682  

CenterPoint Energy, Inc.

      2,943         58,036  

CMS Energy Corp.

      1,628         35,816  

Consolidated Edison, Inc.

      1,341         78,341  

Dominion Resources, Inc.

      930         47,625  

DTE Energy Co.

      1,008         55,470  

NiSource, Inc.

      1,208         29,415  

NSTAR

      511         24,850  

OGE Energy Corp.

      492         26,322  

PG&E Corp.

      2,090         90,727  

Public Service Enterprise Group, Inc.

      1,570         48,058  

SCANA Corp.

      662         30,194  

Sempra Energy

      1,843         110,506  

Wisconsin Energy Corp.

      1,024         36,024  

Xcel Energy, Inc.

      2,255         59,690  
     

 

 

  
Total Multi-Utilities               794,539  
Office Electronics – 0.1%      

Xerox Corp.

      9,136         73,819  
Oil, Gas & Consumable Fuels – 12.5%      

Alpha Natural Resources, Inc.*

      184         2,799  

Anadarko Petroleum Corp.

      438         34,313  

Apache Corp.

      3,117         313,071  

Cabot Oil & Gas Corp.

      132         4,114  

Chesapeake Energy Corp.

      3,516         81,466  

Chevron Corp.

      18,273         1,959,597  

Cimarex Energy Co.

      571         43,093  

Concho Resources, Inc.*

      370         37,770  

ConocoPhillips

      10,270         780,623  

Consol Energy, Inc.

      996         33,964  

Continental Resources, Inc.*

      524         44,970  

Denbury Resources, Inc.*

      2,452         44,700  

Devon Energy Corp.

      2,378         169,123  

El Paso Corp.

      91         2,689  

EOG Resources, Inc.

      455         50,551  

EQT Corp.

      378         18,223  
     

Exxon Mobil Corp.

      36,540       $ 3,169,114  

Hess Corp.

      1,917         113,007  

HollyFrontier Corp.

      2,499         80,343  

Kinder Morgan, Inc.(a)

      1,151         44,486  

Marathon Oil Corp.

      4,933         156,376  

Marathon Petroleum Corp.

      5,606         243,076  

Murphy Oil Corp.

      1,338         75,289  

Newfield Exploration Co.*

      864         29,964  

Noble Energy, Inc.

      661         64,633  

Occidental Petroleum Corp.

      4,789         456,056  

Peabody Energy Corp.

      1,914         55,429  

Pioneer Natural Resources Co.

      414         46,198  

Plains Exploration & Production Co.*

      559         23,841  

QEP Resources, Inc.

      808         24,644  

SM Energy Co.

      181         12,809  

Southwestern Energy Co.*

      1,404         42,962  

Spectra Energy Corp.

      2,872         90,612  

Valero Energy Corp.

      7,260         187,090  

Whiting Petroleum Corp.*

      755         40,997  

Williams Cos., Inc. (The)

      2,267         69,846  

WPX Energy, Inc.*

      755         13,598  
     

 

 

  
Total Oil, Gas & Consumable Fuels               8,661,436  
Paper & Forest Products – 0.2%      

International Paper Co.

      3,440         120,744  

MeadWestvaco Corp.

      589         18,607  
     

 

 

  
Total Paper & Forest Products               139,351  
Personal Products – 0.2%      

Avon Products, Inc.

      3,004         58,158  

Estee Lauder Cos., Inc. (The) Class A

      1,094         67,762  
     

 

 

  
Total Personal Products               125,920  
Pharmaceuticals – 4.8%      

Abbott Laboratories

      7,676         470,462  

Allergan, Inc.

      755         72,050  

Bristol-Myers Squibb Co.

      6,954         234,697  

Eli Lilly & Co.

      7,876         317,167  

Forest Laboratories, Inc.*

      2,705         93,836  

Hospira, Inc.*

      967         36,156  

Johnson & Johnson

      12,776         842,705  

Merck & Co., Inc.

      8,292         318,413  

Mylan, Inc.*

      1,660         38,927  

Perrigo Co.

      252         26,034  

Pfizer, Inc.

      37,625         852,582  

Watson Pharmaceuticals, Inc.*

      275         18,442  
     

 

 

  
Total Pharmaceuticals               3,321,471  
Professional Services – 0.1%      

Equifax, Inc.

      439         19,430  

IHS, Inc. Class A*

      176         16,482  

Towers Watson & Co. Class A

      218         14,403  

Verisk Analytics, Inc. Class A*

      513         24,096  
     

 

 

  
Total Professional Services               74,411  
Real Estate Investment Trusts (REITs) – 0.6%      

American Tower Corp.

      346         21,805  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      33   

Table of Contents

Schedule of Investments (continued)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

AvalonBay Communities, Inc.

      93       $ 13,145  

Boston Properties, Inc.

      129         13,544  

Digital Realty Trust, Inc.(a)

      104         7,693  

Equity Residential

      1         63  

Federal Realty Investment Trust

      111         10,744  

HCP, Inc.

      968         38,197  

Health Care REIT, Inc.

      186         10,223  

Kimco Realty Corp.

      434         8,359  

Macerich Co. (The)

      25         1,444  

Plum Creek Timber Co., Inc.

      445         18,494  

Public Storage

      289         39,931  

Rayonier, Inc.

      509         22,442  

Simon Property Group, Inc.

      511         74,442  

SL Green Realty Corp.

      602         46,685  

Ventas, Inc.

      253         14,446  

Vornado Realty Trust

      559         47,068  

Weyerhaeuser Co.

      1,056         23,147  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               411,872  
Real Estate Management & Development – 0.0%      

CBRE Group, Inc. Class A*

      1,216         24,271  
Road & Rail – 0.8%      

CSX Corp.

      6,111         131,509  

Hertz Global Holdings, Inc.*

      516         7,761  

JB Hunt Transport Services, Inc.

      461         25,064  

Kansas City Southern

      300         21,507  

Norfolk Southern Corp.

      1,843         121,325  

Union Pacific Corp.

      2,151         231,189  
     

 

 

  
Total Road & Rail               538,355  
Semiconductors & Semiconductor Equipment – 2.9%      

Altera Corp.

      1,692         67,375  

Analog Devices, Inc.

      1,712         69,165  

Applied Materials, Inc.

      12,308         153,112  

Broadcom Corp. Class A*

      2,293         90,115  

Intel Corp.

      37,450         1,052,719  

KLA-Tencor Corp.

      1,214         66,066  

Lam Research Corp.*(a)

      1,013         45,200  

Linear Technology Corp.

      1,355         45,663  

Maxim Integrated Products, Inc.

      1,369         39,140  

Microchip Technology, Inc.(a)

      781         29,053  

Micron Technology, Inc.*

      1,509         12,223  

NVIDIA Corp.*

      2,930         45,093  

Texas Instruments, Inc.

      6,778         227,809  

Xilinx, Inc.

      1,350         49,180  
     

 

 

  
Total Semiconductors & Semiconductor Equipment               1,991,913  
Software – 4.5%      

Activision Blizzard, Inc.

      4,197         53,805  

Adobe Systems, Inc.*

      2,334         80,080  

ANSYS, Inc.*

      236         15,345  

Autodesk, Inc.*

      560         23,699  

BMC Software, Inc.*

      953         38,272  

CA, Inc.

      2,786         76,782  

Citrix Systems, Inc.*

      350         27,618  
     

Informatica Corp.*

      152       $ 8,041  

Intuit, Inc.

      890         53,516  

Microsoft Corp.

      62,308         2,009,433  

Nuance Communications, Inc.*

      112         2,865  

Oracle Corp.

      20,662         602,504  

Red Hat, Inc.*

      199         11,918  

Salesforce.com, Inc.*

      13         2,009  

Symantec Corp.*

      3,191         59,672  

TIBCO Software, Inc.*

      238         7,259  

VMware, Inc. Class A*

      488         54,837  
     

 

 

  
Total Software               3,127,655  
Specialty Retail – 1.9%      

Advance Auto Parts, Inc.

      433         38,351  

AutoNation, Inc.*(a)

      506         17,361  

AutoZone, Inc.*

      184         68,411  

Bed Bath & Beyond, Inc.*

      1,016         66,822  

Best Buy Co., Inc.

      3,386         80,181  

CarMax, Inc.*

      982         34,026  

Dick’s Sporting Goods, Inc.

      424         20,386  

Gap, Inc. (The)

      3,734         97,607  

Home Depot, Inc. (The)

      6,500         327,015  

Lowe’s Cos., Inc.

      5,043         158,249  

Ltd. Brands, Inc.

      1,418         68,064  

O’Reilly Automotive, Inc.*

      444         40,559  

PetSmart, Inc.

      420         24,033  

Ross Stores, Inc.

      952         55,311  

Staples, Inc.

      4,572         73,975  

Tiffany & Co.

      447         30,901  

TJX Cos., Inc.

      3,034         120,480  

Tractor Supply Co.

      178         16,120  
     

 

 

  
Total Specialty Retail               1,337,852  
Textiles, Apparel & Luxury Goods – 0.6%      

Coach, Inc.

      1,065         82,303  

Fossil, Inc.*

      282         37,218  

NIKE, Inc. Class B

      1,623         175,998  

PVH Corp.

      232         20,725  

Ralph Lauren Corp.

      334         58,226  

VF Corp.

      463         67,589  
     

 

 

  
Total Textiles, Apparel & Luxury Goods               442,059  
Thrifts & Mortgage Finance – 0.1%      

New York Community Bancorp, Inc.(a)

      2,823         39,268  

People’s United Financial, Inc.

      1,144         15,147  
     

 

 

  
Total Thrifts & Mortgage Finance               54,415  
Tobacco – 1.6%      

Altria Group, Inc.

      8,420         259,925  

Lorillard, Inc.

      683         88,435  

Philip Morris International, Inc.

      7,769         688,411  

Reynolds American, Inc.

      2,443         101,238  
     

 

 

  
Total Tobacco               1,138,009  
Trading Companies & Distributors – 0.2%      

Fastenal Co.

      602         32,568  

MSC Industrial Direct Co. Class A

      209         17,406  

 

See Notes to Financial Statements.

 

34   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Earnings 500 Fund (EPS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

W.W. Grainger, Inc.

      251       $ 53,917  
     

 

 

  
Total Trading Companies & Distributors               103,891  
Water Utilities – 0.0%      

American Water Works Co., Inc.

      703         23,923  
Wireless Telecommunication Services – 0.0%      

Crown Castle International Corp.*

      194         10,348  
TOTAL COMMON STOCKS
(Cost: $60,585,470)		               69,044,954  
EXCHANGE-TRADED FUND – 0.1%      
WisdomTree Equity Income Fund(b)
(Cost: $72,185)		      1,874         83,955  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $866)		      866         866  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4%      
MONEY MARKET FUND – 0.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $299,255)(d)      299,255         299,255  
TOTAL INVESTMENTS IN SECURITIES – 100.3%
(Cost: $60,957,776)		         69,429,030  

Liabilities in Excess of Other Assets – (0.3)%

         (242,443 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 69,186,587  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $292,337 and the total market value of the collateral held by the Fund was $299,255.

 

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      35   

Table of Contents

Schedule of Investments

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 106.7%      
COMMON STOCKS – 99.7%      
Aerospace & Defense – 2.0%      

Alliant Techsystems, Inc.

      7,961       $ 399,005  

BE Aerospace, Inc.*

      8,109         376,825  

Curtiss-Wright Corp.

      5,493         203,296  

Esterline Technologies Corp.*

      4,709         336,505  

HEICO Corp.(a)

      1,735         89,509  

Hexcel Corp.*

      7,537         180,963  

Huntington Ingalls Industries, Inc.*

      9,350         376,244  

Moog, Inc. Class A*

      4,737         203,170  

Spirit AeroSystems Holdings, Inc. Class A*

      14,496         354,572  

Teledyne Technologies, Inc.*

      3,837         241,923  

Triumph Group, Inc.

      5,489         343,941  
     

 

 

  
Total Aerospace & Defense               3,105,953  
Airlines – 0.2%      

Alaska Air Group, Inc.*

      10,390         372,170  
Auto Components – 3.3%      

Dana Holding Corp.

      9,819         152,195  

Federal-Mogul Corp.*

      22,402         385,538  

Gentex Corp.

      8,443         206,853  

Goodyear Tire & Rubber Co. (The)*

      30,389         340,965  

Lear Corp.

      22,017         1,023,570  

Tenneco, Inc.*

      6,814         253,140  

TRW Automotive Holdings Corp.*

      43,375         2,014,769  

Visteon Corp.*

      14,815         785,195  
     

 

 

  
Total Auto Components               5,162,225  
Automobiles – 0.1%      

Thor Industries, Inc.

      6,661         210,221  
Beverages – 0.8%      

Boston Beer Co., Inc. (The) Class A*(a)

      680         72,617  

Constellation Brands, Inc. Class A*

      48,659         1,147,866  
     

 

 

  
Total Beverages               1,220,483  
Biotechnology – 0.4%      

Cepheid, Inc.*

      316         13,218  

Cubist Pharmaceuticals, Inc.*(a)

      1,707         73,828  

Myriad Genetics, Inc.*

      7,797         184,477  

United Therapeutics Corp.*

      6,588         310,492  
     

 

 

  
Total Biotechnology               582,015  
Building Products – 0.5%      

A.O. Smith Corp.

      3,449         155,033  

Armstrong World Industries, Inc.

      2,794         136,263  

Lennox International, Inc.

      4,627         186,468  

Owens Corning*

      6,073         218,810  

Simpson Manufacturing Co., Inc.

      1,914         61,727  
     

 

 

  
Total Building Products               758,301  
Capital Markets – 4.0%      

American Capital Ltd.*

      169,912         1,473,137  

Ares Capital Corp.

      34,872         570,157  

Cohen & Steers, Inc.

      2,688         85,747  

E*TRADE Financial Corp.*

      24,834         271,932  

Eaton Vance Corp.(a)

      14,572         416,468  
     

Federated Investors, Inc. Class B(a)

      16,253       $ 364,230  

GAMCO Investors, Inc. Class A

      1,825         90,538  

Janus Capital Group, Inc.

      43,088         383,914  

Jefferies Group, Inc.

      29,488         555,554  

Knight Capital Group, Inc. Class A*

      10,711         137,851  

Legg Mason, Inc.

      15,103         421,827  

LPL Investment Holdings, Inc.*

      654         24,813  

Raymond James Financial, Inc.

      14,929         545,356  

SEI Investments Co.

      20,458         423,276  

Stifel Financial Corp.*

      6,310         238,770  

Waddell & Reed Financial, Inc. Class A

      11,133         360,821  
     

 

 

  
Total Capital Markets               6,364,391  
Chemicals – 3.8%      

Balchem Corp.

      1,387         41,957  

Cabot Corp.

      8,341         355,994  

Cytec Industries, Inc.

      5,506         334,710  

Huntsman Corp.

      29,159         408,518  

Intrepid Potash, Inc.*

      5,931         144,301  

Kronos Worldwide, Inc.(a)

      24,214         603,897  

NewMarket Corp.

      1,550         290,470  

Olin Corp.

      6,792         147,726  

Rockwood Holdings, Inc.*

      12,988         677,324  

RPM International, Inc.

      12,250         320,827  

Scotts Miracle-Gro Co. (The) Class A(a)

      4,254         230,397  

Sensient Technologies Corp.

      4,900         186,200  

Solutia, Inc.

      21,366         596,966  

Valspar Corp.

      8,762         423,117  

W.R. Grace & Co.*

      9,801         566,498  

Westlake Chemical Corp.

      11,679         756,682  
     

 

 

  
Total Chemicals               6,085,584  
Commercial Banks – 4.3%      

Associated Banc-Corp.

      11,933         166,585  

Bank of Hawaii Corp.(a)

      5,745         277,771  

BOK Financial Corp.

      7,358         414,108  

City National Corp.

      5,409         283,810  

Commerce Bancshares, Inc.

      10,294         417,113  

Cullen/Frost Bankers, Inc.

      6,062         352,748  

East West Bancorp, Inc.

      16,450         379,830  

FNB Corp.

      11,537         139,367  

First Citizens BancShares, Inc. Class A

      863         157,661  

First Horizon National Corp.

      7,011         72,774  

First Niagara Financial Group, Inc.

      27,321         268,839  

First Republic Bank*(a)

      16,608         547,068  

FirstMerit Corp.

      11,965         201,730  

Fulton Financial Corp.

      21,463         225,361  

Hancock Holding Co.

      3,684         130,819  

Iberiabank Corp.

      1,621         86,675  

International Bancshares Corp.

      9,702         205,197  

Investors Bancorp, Inc.*

      8,241         123,780  

National Penn Bancshares, Inc.

      11,937         105,642  

Prosperity Bancshares, Inc.

      5,261         240,954  

Signature Bank*

      3,523         222,090  

Susquehanna Bancshares, Inc.

      8,530         84,276  

 

See Notes to Financial Statements.

 

36   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

SVB Financial Group*

      5,040       $ 324,274  

TCF Financial Corp.

      18,269         217,218  

Trustmark Corp.

      6,953         173,686  

UMB Financial Corp.

      4,504         201,486  

Umpqua Holdings Corp.

      8,423         114,216  

United Bankshares, Inc.(a)

      3,912         112,900  

Valley National Bancorp(a)

      18,286         236,804  

Webster Financial Corp.

      10,253         232,436  

Westamerica Bancorp.(a)

      3,159         151,632  

Zions Bancorp.

      299         6,417  
     

 

 

  
Total Commercial Banks               6,875,267  
Commercial Services & Supplies – 2.5%      

Avery Dennison Corp.

      15,471         466,141  

Cintas Corp.

      12,280         480,394  

Clean Harbors, Inc.*

      2,803         188,726  

Copart, Inc.*

      10,888         283,850  

Corrections Corp. of America*

      10,958         299,263  

Covanta Holding Corp.

      7,641         124,013  

Healthcare Services Group, Inc.

      2,928         62,279  

Herman Miller, Inc.

      5,882         135,051  

HNI Corp.

      2,400         66,600  

KAR Auction Services, Inc.*

      6,916         112,108  

Mine Safety Appliances Co.

      2,296         94,320  

Pitney Bowes, Inc.(a)

      30,762         540,796  

Portfolio Recovery Associates, Inc.*

      2,039         146,237  

R.R. Donnelley & Sons Co.(a)

      23,714         293,816  

Rollins, Inc.

      6,561         139,618  

Tetra Tech, Inc.*

      6,046         159,373  

United Stationers, Inc.(a)

      5,213         161,759  

Waste Connections, Inc.

      7,424         241,503  
     

 

 

  
Total Commercial Services & Supplies               3,995,847  
Communications Equipment – 2.4%      

Acme Packet, Inc.*(a)

      2,193         60,351  

ADTRAN, Inc.

      7,035         219,422  

Arris Group, Inc.*

      7,852         88,728  

Aruba Networks, Inc.*(a)

      4,776         106,409  

Brocade Communications Systems, Inc.*

      14,596         83,927  

EchoStar Corp. Class A*

      12,639         355,661  

Finisar Corp.*

      7,732         155,800  

Harris Corp.

      22,758         1,025,931  

InterDigital, Inc.

      3,778         131,701  

JDS Uniphase Corp.*

      9,926         143,828  

Loral Space & Communications, Inc.*

      9,631         766,628  

NETGEAR, Inc.*

      3,383         129,231  

Plantronics, Inc.

      4,682         188,497  

Polycom, Inc.*

      10,684         203,744  

Riverbed Technology, Inc.*

      3,306         92,832  

Viasat, Inc.*

      1,078         51,970  
     

 

 

  
Total Communications Equipment               3,804,660  
Computers & Peripherals – 0.8%      

Diebold, Inc.

      3,367         129,697  

Fusion-io, Inc.*(a)

      1,052         29,887  

Lexmark International, Inc. Class A(a)

      15,230         506,245  
     

NCR Corp.*

      19,590       $ 425,299  

QLogic Corp.*

      14,735         261,694  
     

 

 

  
Total Computers & Peripherals               1,352,822  
Construction & Engineering – 0.9%      

AECOM Technology Corp.*

      20,624         461,359  

EMCOR Group, Inc.

      7,765         215,246  

MasTec, Inc.*

      12,137         219,558  

URS Corp.

      11,689         497,016  
     

 

 

  
Total Construction & Engineering               1,393,179  
Construction Materials – 0.1%      

Martin Marietta Materials, Inc.(a)

      1,712         146,599  
Consumer Finance – 0.5%      

Cash America International, Inc.(a)

      4,296         205,907  

Credit Acceptance Corp.*

      3,185         321,717  

Ezcorp, Inc. Class A*

      6,501         210,990  

Green Dot Corp. Class A*(a)

      2,062         54,684  
     

 

 

  
Total Consumer Finance               793,298  
Containers & Packaging – 2.1%      

Aptargroup, Inc.

      5,505         301,509  

Bemis Co., Inc.

      11,034         356,288  

Graphic Packaging Holding Co.*

      44,035         243,073  

Greif, Inc. Class A

      7,285         407,377  

Owens-Illinois, Inc.*

      15,415         359,786  

Packaging Corp. of America

      10,803         319,661  

Rock-Tenn Co. Class A

      3,990         269,565  

Sealed Air Corp.

      21,735         419,703  

Silgan Holdings, Inc.

      6,820         301,444  

Sonoco Products Co.

      10,852         360,286  
     

 

 

  
Total Containers & Packaging               3,338,692  
Distributors – 0.1%      

Pool Corp.

      3,472         129,922  
Diversified Consumer Services – 1.8%      

Coinstar, Inc.*(a)

      3,596         228,526  

DeVry, Inc.

      13,783         466,830  

Education Management Corp.*

      14,200         194,398  

Hillenbrand, Inc.

      7,086         162,624  

ITT Educational Services, Inc.*(a)

      9,265         612,787  

Service Corp. International

      17,759         199,966  

Sotheby’s

      9,787         385,021  

Weight Watchers International, Inc.(a)

      7,292         562,869  
     

 

 

  
Total Diversified Consumer Services               2,813,021  
Diversified Financial Services – 0.3%      

CBOE Holdings, Inc.

      7,756         220,425  

MSCI, Inc. Class A*

      7,223         265,879  
     

 

 

  
Total Diversified Financial Services               486,304  
Diversified Telecommunication Services – 0.1%      

AboveNet, Inc.*

      1,660         137,448  

tw telecom, inc.*

      4,717         104,529  
     

 

 

  
Total Diversified Telecommunication Services               241,977  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      37   

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Electric Utilities – 1.7%      

ALLETE, Inc.

      3,386       $ 140,485  

Cleco Corp.

      7,637         302,807  

El Paso Electric Co.

      4,486         145,750  

Great Plains Energy, Inc.

      13,097         265,476  

Hawaiian Electric Industries, Inc.

      7,339         186,044  

IDACORP, Inc.

      6,745         277,354  

ITC Holdings Corp.

      3,312         254,825  

NV Energy, Inc.

      20,745         334,410  

Portland General Electric Co.

      8,243         205,910  

UIL Holdings Corp.

      3,574         124,232  

Unisource Energy Corp.

      4,622         169,027  

Westar Energy, Inc.

      12,060         336,836  
     

 

 

  
Total Electric Utilities               2,743,156  
Electrical Equipment – 1.9%      

Acuity Brands, Inc.

      3,074         193,140  

Babcock & Wilcox Co. (The)*

      11,028         283,971  

Belden, Inc.

      4,514         171,126  

Brady Corp. Class A

      5,225         169,029  

EnerSys*

      7,748         268,468  

Generac Holdings, Inc.*(a)

      3,993         98,028  

General Cable Corp.*

      7,242         210,597  

GrafTech International Ltd.*

      18,311         218,633  

Hubbell, Inc. Class B

      5,871         461,343  

II-VI, Inc.*

      6,909         163,398  

Polypore International, Inc.*(a)

      3,275         115,149  

Regal-Beloit Corp.

      4,325         283,504  

Thomas & Betts Corp.*

      4,847         348,548  
     

 

 

  
Total Electrical Equipment               2,984,934  
Electronic Equipment, Instruments & Components – 3.7%      

Anixter International, Inc.*

      4,737         343,575  

Arrow Electronics, Inc.*

      25,145         1,055,336  

AVX Corp.

      29,566         392,045  

Cognex Corp.

      2,917         123,564  

Coherent, Inc.*

      2,633         153,583  

Dolby Laboratories, Inc. Class A*

      14,272         543,192  

FEI Co.*

      3,775         185,390  

FLIR Systems, Inc.

      14,173         358,719  

Ingram Micro, Inc. Class A*

      21,763         403,921  

IPG Photonics Corp.*(a)

      4,780         248,799  

Jabil Circuit, Inc.

      30,056         755,007  

National Instruments Corp.

      6,188         176,482  

Tech Data Corp.*

      6,754         366,472  

Vishay Intertechnology, Inc.*

      59,847         727,739  
     

 

 

  
Total Electronic Equipment, Instruments & Components         5,833,824  
Energy Equipment & Services – 2.4%      

Atwood Oceanics, Inc.*

      10,258         460,482  

Bristow Group, Inc.

      3,234         154,359  

CARBO Ceramics, Inc.(a)

      1,333         140,565  

Dresser-Rand Group, Inc.*

      2,906         134,809  

Dril-Quip, Inc.*

      2,032         132,121  

Gulfmark Offshore, Inc. Class A*

      1,440         66,182  

Helix Energy Solutions Group, Inc.*

      6,780         120,684  
     

Key Energy Services, Inc.*

      4,780       $ 73,851  

Lufkin Industries, Inc.

      1,386         111,781  

Oil States International, Inc.*

      5,629         439,400  

Patterson-UTI Energy, Inc.

      22,710         392,656  

Rowan Cos., Inc.*

      8,327         274,208  

RPC, Inc.(a)

      35,407         375,668  

SEACOR Holdings, Inc.*

      592         56,702  

Superior Energy Services, Inc.*

      14,842         391,235  

Tidewater, Inc.

      2,910         157,198  

Unit Corp.*

      6,121         261,734  
     

 

 

  
Total Energy Equipment & Services               3,743,635  
Food & Staples Retailing – 0.5%      

Casey’s General Stores, Inc.

      3,009         166,879  

Fresh Market, Inc. (The)*

      587         28,147  

Harris Teeter Supermarkets, Inc.

      3,968         159,117  

PriceSmart, Inc.

      1,330         96,837  

SUPERVALU, Inc.(a)

      34,494         196,961  

United Natural Foods, Inc.*

      2,981         139,093  
     

 

 

  
Total Food & Staples Retailing               787,034  
Food Products – 1.4%      

Corn Products International, Inc.

      9,376         540,526  

Darling International, Inc.*

      18,279         318,420  

Dean Foods Co.*

      10,458         126,646  

Flowers Foods, Inc.

      10,124         206,226  

Hain Celestial Group, Inc. (The)*

      2,168         94,980  

Lancaster Colony Corp.(a)

      2,247         149,336  

Smithfield Foods, Inc.*

      29,237         644,091  

Tootsie Roll Industries, Inc.(a)

      2,670         61,170  

TreeHouse Foods, Inc.*

      2,087         124,177  
     

 

 

  
Total Food Products               2,265,572  
Gas Utilities – 1.3%      

AGL Resources, Inc.

      7,475         293,169  

Atmos Energy Corp.

      9,151         287,890  

New Jersey Resources Corp.

      3,180         141,733  

Northwest Natural Gas Co.

      2,202         99,971  

Piedmont Natural Gas Co., Inc.(a)

      4,841         150,410  

Questar Corp.

      17,168         330,656  

South Jersey Industries, Inc.

      2,173         108,737  

Southwest Gas Corp.

      4,014         171,558  

UGI Corp.

      12,322         335,774  

WGL Holdings, Inc.

      4,034         164,184  
     

 

 

  
Total Gas Utilities               2,084,082  
Health Care Equipment & Supplies – 1.6%      

Align Technology, Inc.*

      3,641         100,309  

Cooper Cos., Inc. (The)

      3,632         296,771  

Gen-Probe, Inc.*

      1,441         95,697  

Haemonetics Corp.*

      1,746         121,661  

Hill-Rom Holdings, Inc.

      7,633         255,018  

IDEXX Laboratories, Inc.*

      3,108         271,795  

Masimo Corp.*

      4,926         115,170  

ResMed, Inc.*

      13,566         419,325  

Sirona Dental Systems, Inc.*

      4,144         213,582  

 

See Notes to Financial Statements.

 

38   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

STERIS Corp.

      6,689       $ 211,506  

Teleflex, Inc.

      2,790         170,608  

Thoratec Corp.*

      3,379         113,906  

Volcano Corp.*

      762         21,603  

West Pharmaceutical Services, Inc.

      2,658         113,045  
     

 

 

  
Total Health Care Equipment & Supplies               2,519,996  
Health Care Providers & Services – 3.8%      

Accretive Health, Inc.*(a)

      1,453         29,016  

AMERIGROUP Corp.*

      6,563         441,559  

Catalyst Health Solutions, Inc.*

      1,992         126,950  

Centene Corp.*

      4,377         214,342  

Community Health Systems, Inc.*

      25,939         576,883  

Health Management Associates, Inc. Class A*

      40,407         271,535  

Health Net, Inc.*

      10,442         414,756  

HMS Holdings Corp.*

      2,322         72,470  

LifePoint Hospitals, Inc.*

      6,618         261,014  

Lincare Holdings, Inc.

      10,820         280,022  

Magellan Health Services, Inc.*

      4,057         198,022  

Mednax, Inc.*

      4,765         354,373  

Omnicare, Inc.

      6,960         247,567  

Owens & Minor, Inc.

      6,502         197,726  

Patterson Cos., Inc.

      10,913         364,494  

PSS World Medical, Inc.*

      4,619         117,045  

Select Medical Holdings Corp.*

      16,225         124,770  

Team Health Holdings, Inc.*

      4,503         92,582  

Tenet Healthcare Corp.*

      65,010         345,203  

Universal Health Services, Inc. Class B

      13,727         575,299  

VCA Antech, Inc.*

      8,977         208,356  

WellCare Health Plans, Inc.*

      6,345         456,079  
     

 

 

  
Total Health Care Providers & Services               5,970,063  
Health Care Technology – 0.1%      

Allscripts Healthcare Solutions, Inc.*

      3,479         57,752  

athenahealth, Inc.*(a)

      517         38,320  

Quality Systems, Inc.

      3,133         137,006  
     

 

 

  
Total Health Care Technology               233,078  
Hotels, Restaurants & Leisure – 1.0%      

Bally Technologies, Inc.*

      3,842         179,614  

BJ’s Restaurants, Inc.*

      966         48,638  

Brinker International, Inc.

      8,504         234,285  

Buffalo Wild Wings, Inc.*

      1,112         100,847  

Cheesecake Factory, Inc. (The)*(a)

      4,575         134,459  

Choice Hotels International, Inc.

      4,350         162,429  

Domino’s Pizza, Inc.

      4,381         159,031  

Life Time Fitness, Inc.*

      3,263         165,010  

Penn National Gaming, Inc.*

      6,744         289,857  

Vail Resorts, Inc.

      1,105         47,791  
     

 

 

  
Total Hotels, Restaurants & Leisure               1,521,961  
Household Durables – 3.0%      

D.R. Horton, Inc.

      9,223         139,913  

Harman International Industries, Inc.

      6,228         291,533  

Jarden Corp.

      11,746         472,542  

Leggett & Platt, Inc.(a)

      12,034         276,902  
     

Lennar Corp. Class A(a)

      5,508       $ 149,707  

Mohawk Industries, Inc.*

      4,844         322,174  

NVR, Inc.*

      361         262,205  

Tempur-Pedic International, Inc.*

      5,983         505,145  

Toll Brothers, Inc.*

      7,816         187,506  

Tupperware Brands Corp.

      6,772         430,022  

Whirlpool Corp.

      21,852         1,679,545  
     

 

 

  
Total Household Durables               4,717,194  
Industrial Conglomerates – 0.5%      

Carlisle Cos., Inc.

      5,695         284,294  

Seaboard Corp.*

      230         448,730  
     

 

 

  
Total Industrial Conglomerates               733,024  
Insurance – 5.4%      

Alleghany Corp.*

      687         226,092  

American Financial Group, Inc.

      13,285         512,535  

American National Insurance Co.

      2,854         206,972  

AmTrust Financial Services, Inc.

      9,227         248,022  

Arthur J. Gallagher & Co.

      6,383         228,128  

Assurant, Inc.

      17,603         712,922  

Brown & Brown, Inc.

      10,240         243,507  

CNO Financial Group, Inc.*

      101,449         789,273  

Delphi Financial Group, Inc. Class A

      11,482         514,049  

Erie Indemnity Co. Class A

      3,736         291,184  

Fidelity National Financial, Inc. Class A

      29,162         525,791  

First American Financial Corp.

      10,221         169,975  

Genworth Financial, Inc. Class A*

      1,351         11,240  

Hanover Insurance Group, Inc. (The)

      1,158         47,617  

HCC Insurance Holdings, Inc.

      14,387         448,443  

Kemper Corp.

      4,156         125,844  

Markel Corp.*

      737         330,869  

Mercury General Corp.

      3,670         160,526  

Primerica, Inc.

      12,380         312,100  

ProAssurance Corp.

      4,486         395,261  

Protective Life Corp.

      20,281         600,723  

Reinsurance Group of America, Inc.

      17,256         1,026,214  

RLI Corp.(a)

      2,578         184,688  

StanCorp Financial Group, Inc.

      6,691         273,930  
     

 

 

  
Total Insurance               8,585,905  
Internet & Catalog Retail – 0.5%      

HomeAway, Inc.*(a)

      295         7,484  

HSN, Inc.

      4,841         184,103  

Netflix, Inc.*

      4,837         556,449  
     

 

 

  
Total Internet & Catalog Retail               748,036  
Internet Software & Services – 0.5%      

AOL, Inc.*

      5,669         107,541  

IAC/InterActiveCorp

      4,212         206,767  

j2 Global, Inc.(a)

      6,228         178,619  

ValueClick, Inc.*(a)

      8,599         169,744  

WebMD Health Corp.*(a)

      2,503         64,027  
     

 

 

  
Total Internet Software & Services               726,698  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      39   

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
IT Services – 4.1%      

Booz Allen Hamilton Holding Corp.(a)

      14,345       $ 244,295  

Broadridge Financial Solutions, Inc.

      11,536         275,826  

CACI International, Inc. Class A*

      4,085         254,455  

Cardtronics, Inc.*

      3,812         100,065  

Computer Sciences Corp.

      45,340         1,357,480  

Convergys Corp.*

      8,829         117,867  

CoreLogic, Inc.*

      5,387         87,916  

DST Systems, Inc.

      6,802         368,872  

FleetCor Technologies, Inc.*

      6,193         240,103  

Gartner, Inc.*(a)

      5,184         221,046  

Global Payments, Inc.

      7,349         348,857  

Jack Henry & Associates, Inc.

      6,284         214,410  

Lender Processing Services, Inc.

      17,559         456,534  

ManTech International Corp. Class A

      6,187         213,204  

MAXIMUS, Inc.

      3,053         124,165  

NeuStar, Inc. Class A*

      5,571         207,520  

SAIC, Inc.*

      60,683         801,016  

Sapient Corp.

      7,987         99,438  

Syntel, Inc.

      3,628         203,168  

Total System Services, Inc.

      15,620         360,353  

Wright Express Corp.*

      3,185         206,165  
     

 

 

  
Total IT Services         6,502,755  
Leisure Equipment & Products – 0.3%      

Brunswick Corp.

      2,120         54,590  

Polaris Industries, Inc.

      5,474         394,949  
     

 

 

  
Total Leisure Equipment & Products               449,539  
Life Sciences Tools & Services – 1.0%      

Bio-Rad Laboratories, Inc. Class A*

      3,069         318,225  

Bruker Corp.*

      9,854         150,865  

Charles River Laboratories International, Inc.*

      2,385         86,075  

Covance, Inc.*

      4,724         225,004  

Illumina, Inc.*

      6,078         319,763  

PAREXEL International Corp.*

      2,973         80,182  

PerkinElmer, Inc.

      10,330         285,728  

Techne Corp.

      2,536         177,773  
     

 

 

  
Total Life Sciences Tools & Services               1,643,615  
Machinery – 6.2%      

Actuant Corp. Class A

      8,837         256,185  

Barnes Group, Inc.

      4,454         117,185  

Chart Industries, Inc.*

      1,189         87,189  

CLARCOR, Inc.

      3,552         174,368  

Colfax Corp.*

      1,452         51,168  

Crane Co.

      6,086         295,171  

Graco, Inc.

      5,228         277,398  

Harsco Corp.

      2,646         62,075  

IDEX Corp.

      7,812         329,119  

ITT Corp.

      47,083         1,080,084  

Kennametal, Inc.

      10,915         486,045  

Lincoln Electric Holdings, Inc.

      8,410         381,141  

Middleby Corp.*

      1,304         131,939  

Mueller Industries, Inc.

      3,269         148,576  

Nordson Corp.

      7,470         407,190  
     

Oshkosh Corp.*

      19,841       $ 459,716  

Pentair, Inc.

      9,347         445,011  

Robbins & Myers, Inc.

      2,800         145,740  

Sauer-Danfoss, Inc.

      13,597         639,059  

Snap-On, Inc.

      7,620         464,591  

SPX Corp.

      5,371         416,414  

Timken Co. (The)

      17,543         890,132  

Toro Co. (The)

      2,888         205,366  

Trinity Industries, Inc.

      5,282         174,042  

Valmont Industries, Inc.

      2,699         316,889  

WABCO Holdings, Inc.*

      12,828         775,837  

Wabtec Corp.

      3,735         281,507  

Watts Water Technologies, Inc. Class A

      2,548         103,831  

Woodward, Inc.

      4,987         213,593  
     

 

 

  
Total Machinery               9,816,561  
Marine – 0.2%      

Alexander & Baldwin, Inc.

      1,545         74,855  

Kirby Corp.*

      3,762         247,502  
     

 

 

  
Total Marine               322,357  
Media – 2.0%      

AMC Networks, Inc. Class A*

      5,295         236,316  

Cablevision Systems Corp. Class A

      26,555         389,827  

Cinemark Holdings, Inc.

      11,583         254,247  

Clear Channel Outdoor Holdings, Inc. Class A*

      2,660         21,227  

DreamWorks Animation SKG, Inc. Class A*(a)

      12,577         232,046  

Gannett Co., Inc.

      59,243         908,195  

John Wiley & Sons, Inc. Class A

      6,029         286,920  

Madison Square Garden Co. (The) Class A*

      4,160         142,272  

Meredith Corp.(a)

      5,992         194,500  

Morningstar, Inc.

      2,333         147,096  

Regal Entertainment Group Class A(a)

      5,802         78,907  

Washington Post Co. (The) Class B(a)

      712         265,982  
     

 

 

  
Total Media               3,157,535  
Metals & Mining – 1.7%      

Allied Nevada Gold Corp.*

      1,266         41,183  

Carpenter Technology Corp.

      3,526         184,163  

Coeur d’Alene Mines Corp.*

      4,299         102,058  

Compass Minerals International, Inc.

      3,363         241,262  

Hecla Mining Co.(a)

      29,319         135,454  

Molycorp, Inc.*(a)

      4,097         138,602  

Reliance Steel & Aluminum Co.

      10,092         569,996  

Schnitzer Steel Industries, Inc. Class A

      3,691         147,252  

Steel Dynamics, Inc.

      30,347         441,245  

Stillwater Mining Co.*

      18,729         236,735  

Titanium Metals Corp.

      9,854         133,620  

United States Steel Corp.(a)

      2,667         78,330  

Worthington Industries, Inc.

      9,157         175,631  
     

 

 

  
Total Metals & Mining               2,625,531  
Multiline Retail – 0.6%      

Big Lots, Inc.*

      8,658         372,467  

Dillard’s, Inc. Class A

      7,343         462,756  

Saks, Inc.*(a)

      10,325         119,873  
     

 

 

  
Total Multiline Retail               955,096  

 

See Notes to Financial Statements.

 

40   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Multi-Utilities – 1.1%      

Avista Corp.

      6,380       $ 163,200  

Black Hills Corp.

      2,770         92,878  

Integrys Energy Group, Inc.

      7,759         411,150  

MDU Resources Group, Inc.

      16,160         361,822  

NorthWestern Corp.

      3,317         117,621  

TECO Energy, Inc.

      21,040         369,252  

Vectren Corp.

      7,444         216,323  
     

 

 

  
Total Multi-Utilities               1,732,246  
Office Electronics – 0.1%      

Zebra Technologies Corp. Class A*

      4,962         204,335  
Oil, Gas & Consumable Fuels – 3.2%      

Arch Coal, Inc.

      13,159         140,933  

Berry Petroleum Co. Class A

      6,601         311,105  

Bill Barrett Corp.*(a)

      2,710         70,487  

Cloud Peak Energy, Inc.*

      11,953         190,411  

CVR Energy, Inc.*

      22,288         596,204  

Energen Corp.

      10,383         510,324  

EXCO Resources, Inc.(a)

      21,400         141,882  

Forest Oil Corp.*

      12,510         151,621  

Gulfport Energy Corp.*

      4,891         142,426  

Northern Oil and Gas, Inc.*

      2,608         54,090  

Oasis Petroleum, Inc.*(a)

      5,042         155,445  

Rosetta Resources, Inc.*

      2,302         112,246  

SandRidge Energy, Inc.*

      50,447         395,000  

Stone Energy Corp.*

      10,498         300,138  

Swift Energy Co.*

      3,772         109,501  

Targa Resources Corp.

      487         22,134  

Tesoro Corp.*

      42,347         1,136,594  

W&T Offshore, Inc.(a)

      10,863         228,992  

World Fuel Services Corp.

      6,460         264,860  
     

 

 

  
Total Oil, Gas & Consumable Fuels               5,034,393  
Paper & Forest Products – 0.1%      

Buckeye Technologies, Inc.

      4,673         158,742  
Personal Products – 0.2%      

Nu Skin Enterprises, Inc. Class A(a)

      5,053         292,619  
Pharmaceuticals – 0.9%      

Endo Pharmaceuticals Holdings, Inc.*

      8,819         341,560  

Impax Laboratories, Inc.*

      4,923         121,007  

Jazz Pharmaceuticals PLC*

      4,677         226,694  

Medicis Pharmaceutical Corp. Class A

      4,886         183,665  

Par Pharmaceutical Cos., Inc.*

      3,825         148,142  

Questcor Pharmaceuticals, Inc.*(a)

      1,803         67,829  

Salix Pharmaceuticals Ltd.*

      2,526         132,615  

Viropharma, Inc.*

      6,555         197,109  
     

 

 

  
Total Pharmaceuticals               1,418,621  
Professional Services – 0.8%      

Acacia Research Corp.*

      870         36,314  

Corporate Executive Board Co. (The)

      1,835         78,923  

CoStar Group, Inc.*

      248         17,125  

Dun & Bradstreet Corp. (The)

      5,440         460,931  

FTI Consulting, Inc.*

      2,668         100,103  
     

Manpower, Inc.

      9,389       $ 444,757  

Robert Half International, Inc.

      7,167         217,160  
     

 

 

  
Total Professional Services               1,355,313  
Real Estate Investment Trusts (REITs) – 1.6%      

Alexander’s, Inc.

      308         121,315  

Alexandria Real Estate Equities, Inc.

      3,599         263,195  

American Campus Communities, Inc.

      1,335         59,701  

BioMed Realty Trust, Inc.

      1,682         31,924  

BRE Properties, Inc.

      532         26,893  

Camden Property Trust

      208         13,676  

CBL & Associates Properties, Inc.

      1,260         23,839  

DuPont Fabros Technology, Inc.

      2,600         63,570  

Entertainment Properties Trust

      2,303         106,813  

Equity Lifestyle Properties, Inc.

      765         53,351  

Equity One, Inc.

      1,341         27,115  

Essex Property Trust, Inc.

      300         45,453  

Extra Space Storage, Inc.

      2,604         74,969  

Highwoods Properties, Inc.

      1,546         51,513  

Home Properties, Inc.

      788         48,076  

Hospitality Properties Trust

      2,193         58,049  

Liberty Property Trust

      6,009         214,641  

Mack-Cali Realty Corp.

      3,411         98,305  

Mid-America Apartment Communities, Inc.

      794         53,222  

National Retail Properties, Inc.

      4,017         109,222  

Omega Healthcare Investors, Inc.

      2,475         52,619  

Piedmont Office Realty Trust, Inc. Class A

      8,884         157,691  

Post Properties, Inc.

      619         29,006  

Potlatch Corp.(a)

      2,162         67,757  

PS Business Parks, Inc.

      1,346         88,217  

Realty Income Corp.

      5,104         197,678  

Senior Housing Properties Trust

      9,820         216,531  

Tanger Factory Outlet Centers

      2,086         62,017  

Taubman Centers, Inc.

      1,408         102,714  

Washington Real Estate Investment Trust

      660         19,602  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               2,538,674  
Real Estate Management & Development – 0.4%      

Howard Hughes Corp. (The)*(a)

      3,590         229,293  

Jones Lang LaSalle, Inc.

      4,100         341,571  

St Joe Co. (The)*(a)

      983         18,687  
     

 

 

  
Total Real Estate Management & Development               589,551  
Road & Rail – 1.1%      

AMERCO

      3,207         338,371  

Avis Budget Group, Inc.*

      2,875         40,681  

Con-way, Inc.

      3,933         128,255  

Dollar Thrifty Automotive Group, Inc.*

      2,352         190,300  

Genesee & Wyoming, Inc. Class A*

      2,399         130,938  

Heartland Express, Inc.

      5,395         78,012  

Knight Transportation, Inc.

      5,287         93,369  

Landstar System, Inc.

      3,270         188,744  

Old Dominion Freight Line, Inc.*

      4,510         214,992  

Ryder System, Inc.

      4,053         213,998  

Swift Transportation Co.*

      917         10,582  

Werner Enterprises, Inc.

      5,355         133,125  
     

 

 

  
Total Road & Rail               1,761,367  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      41   

Table of Contents

Schedule of Investments (continued)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Semiconductors & Semiconductor Equipment – 4.1%      

Advanced Micro Devices, Inc.*

      90,413       $ 725,112  

Atmel Corp.*

      86,804         855,887  

Cavium, Inc.*

      2,240         69,306  

Cree, Inc.*(a)

      6,741         213,218  

Cymer, Inc.*

      3,120         156,000  

Cypress Semiconductor Corp.*

      13,403         209,489  

Fairchild Semiconductor International, Inc.*

      21,999         323,385  

First Solar, Inc.*(a)

      22,862         572,693  

Hittite Microwave Corp.*

      2,460         133,603  

International Rectifier Corp.*

      11,276         260,137  

Intersil Corp. Class A

      9,705         108,696  

LSI Corp.*

      13,796         119,749  

Microsemi Corp.*

      4,681         100,361  

MKS Instruments, Inc.

      7,937         234,380  

Novellus Systems, Inc.*

      12,156         606,706  

ON Semiconductor Corp.*

      18,876         170,073  

PMC – Sierra, Inc.*

      12,198         88,191  

RF Micro Devices, Inc.*

      23,321         116,139  

Semtech Corp.*

      6,486         184,591  

Silicon Laboratories, Inc.*

      1,338         57,534  

Skyworks Solutions, Inc.*

      23,557         651,351  

Teradyne, Inc.*

      30,674         518,084  
     

 

 

  
Total Semiconductors & Semiconductor Equipment         6,474,685  
Software – 1.8%      

Advent Software, Inc.*

      1,813         46,413  

Aspen Technology, Inc.*

      1,136         23,322  

Blackbaud, Inc.

      1,779         59,116  

Cadence Design Systems, Inc.*

      3,600         42,624  

CommVault Systems, Inc.*

      877         43,534  

Compuware Corp.*

      19,466         178,893  

Factset Research Systems, Inc.(a)

      2,837         280,976  

Fair Isaac Corp.

      2,803         123,052  

Fortinet, Inc.*

      4,142         114,526  

JDA Software Group, Inc.*

      2,719         74,718  

Mentor Graphics Corp.*

      8,791         130,634  

MICROS Systems, Inc.*

      4,938         273,022  

MicroStrategy, Inc. Class A*

      252         35,280  

Parametric Technology Corp.*

      6,725         187,896  

Progress Software Corp.*

      4,736         111,864  

QLIK Technologies, Inc.*

      317         10,144  

Quest Software, Inc.*

      5,422         126,170  

Rovi Corp.*

      4,638         150,967  

SolarWinds, Inc.*

      3,030         117,110  

Solera Holdings, Inc.

      5,236         240,280  

SS&C Technologies Holdings, Inc.*

      4,044         94,347  

Synopsys, Inc.*

      11,215         343,852  

Ultimate Software Group, Inc.*

      86         6,302  
     

 

 

  
Total Software               2,815,042  
Specialty Retail – 4.6%      

Aaron’s, Inc.

      7,741         200,492  

Abercrombie & Fitch Co. Class A

      6,276         311,352  

Aeropostale, Inc.*

      9,708         209,887  
     

American Eagle Outfitters, Inc.

      14,849       $ 255,254  

ANN, Inc.*

      5,474         156,775  

Ascena Retail Group, Inc.*

      9,083         402,559  

Buckle, Inc. (The)

      5,463         261,678  

Cabela’s, Inc.*

      8,579         327,289  

Chico’s FAS, Inc.

      18,621         281,177  

Children’s Place Retail Stores, Inc. (The)*

      2,245         115,999  

DSW, Inc. Class A

      4,312         236,168  

Express, Inc.*

      8,755         218,700  

Foot Locker, Inc.

      15,909         493,974  

GameStop Corp. Class A(a)

      24,738         540,278  

Genesco, Inc.*

      1,916         137,281  

GNC Holdings, Inc. Class A

      6,096         212,689  

Guess?, Inc.

      15,233         476,031  

Hibbett Sports, Inc.*(a)

      1,805         98,463  

JOS A Bank Clothiers, Inc.*

      2,717         136,964  

Men’s Wearhouse, Inc. (The)

      4,307         166,982  

Monro Muffler Brake, Inc.

      1,780         73,852  

Penske Automotive Group, Inc.

      11,869         292,334  

Pier 1 Imports, Inc.*

      12,046         218,996  

Rent-A-Center, Inc.

      6,326         238,807  

Sally Beauty Holdings, Inc.*

      15,781         391,369  

Ulta Salon Cosmetics & Fragrance, Inc.

      1,983         184,201  

Urban Outfitters, Inc.*

      11,842         344,721  

Williams-Sonoma, Inc.

      8,747         327,838  
     

 

 

  
Total Specialty Retail               7,312,110  
Textiles, Apparel & Luxury Goods – 1.4%      

Carter’s, Inc.*

      4,304         214,210  

Columbia Sportswear Co.(a)

      2,771         131,484  

Crocs, Inc.*

      11,362         237,693  

Deckers Outdoor Corp.*(a)

      2,463         155,292  

Hanesbrands, Inc.*

      16,442         485,697  

Iconix Brand Group, Inc.*

      10,408         180,891  

Steven Madden Ltd.*

      3,993         170,701  

Under Armour, Inc. Class A*(a)

      1,693         159,142  

Vera Bradley, Inc.*(a)

      1,870         56,455  

Warnaco Group, Inc. (The)*

      4,925         287,620  

Wolverine World Wide, Inc.

      5,426         201,739  
     

 

 

  
Total Textiles, Apparel & Luxury Goods               2,280,924  
Thrifts & Mortgage Finance – 0.4%      

BankUnited, Inc.

      3,164         79,100  

Capitol Federal Financial, Inc.

      5,101         60,498  

Northwest Bancshares, Inc.

      7,599         96,507  

Ocwen Financial Corp.*

      8,721         136,309  

TFS Financial Corp.*

      1,555         14,773  

Washington Federal, Inc.

      14,344         241,266  
     

 

 

  
Total Thrifts & Mortgage Finance               628,453  
Tobacco – 0.0%      

Vector Group Ltd.(a)

      3,572         63,296  
Trading Companies & Distributors – 0.6%      

Air Lease Corp.*(a)

      1,660         39,956  

Applied Industrial Technologies, Inc.

      4,460         183,440  

 

See Notes to Financial Statements.

 

42   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree MidCap Earnings Fund (EZM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  

GATX Corp.

      3,331       $ 134,239  

United Rentals, Inc.*(a)

      3,241         139,007  

Watsco, Inc.

      1,870         138,455  

WESCO International, Inc.*

      5,271         344,249  
     

 

 

  
Total Trading Companies & Distributors               979,346  
Water Utilities – 0.1%      

Aqua America, Inc.

      9,615         214,318  
Wireless Telecommunication Services – 0.8%      

MetroPCS Communications, Inc.*

      39,601         357,201  

NII Holdings, Inc.*

      22,494         411,865  

Telephone & Data Systems, Inc.

      12,800         296,320  

United States Cellular Corp.*

      6,029         246,767  
     

 

 

  
Total Wireless Telecommunication Services               1,312,153  
TOTAL COMMON STOCKS
(Cost: $137,564,301)		               158,070,300  
EXCHANGE-TRADED FUND – 0.2%      
WisdomTree MidCap Dividend Fund(b)
(Cost: $309,304)		      6,729         378,776  
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 6.8%		      
MONEY MARKET FUND – 6.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $10,699,894)(d)      10,699,894         10,699,894  
TOTAL INVESTMENTS IN SECURITIES – 106.7%
(Cost: $148,573,499)		          169,148,970  

Liabilities in Excess of Other Assets – (6.7)%

         (10,553,234 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 158,595,736  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $10,419,942 and the total market value of the collateral held by the Fund was $10,699,894.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      43   

Table of Contents

Schedule of Investments

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 108.8%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 1.4%      

AAR Corp.

      16,022       $ 292,401  

Aerovironment, Inc.*

      3,709         99,438  

American Science & Engineering, Inc.

      1,926         129,138  

Astronics Corp.*

      2,267         79,254  

Ceradyne, Inc.

      11,212         365,063  

Cubic Corp.

      7,900         373,512  

DigitalGlobe, Inc.*

      311         4,149  

Ducommun, Inc.*

      1,724         20,516  

GenCorp, Inc.*(a)

      2,118         15,038  

GeoEye, Inc.*

      8,597         206,930  

KEYW Holding Corp. (The)*(a)

      715         5,541  

LMI Aerospace, Inc.*

      3,128         56,930  

National Presto Industries, Inc.(a)

      2,387         181,078  

Orbital Sciences Corp.*

      16,962         223,050  
     

 

 

  
Total Aerospace & Defense               2,052,038  
Air Freight & Logistics – 0.8%      

Air Transport Services Group, Inc.*

      18,711         108,337  

Atlas Air Worldwide Holdings, Inc.*

      11,185         550,414  

Forward Air Corp.

      5,435         199,301  

HUB Group, Inc. Class A*

      6,831         246,121  

Pacer International, Inc.*

      7,436         46,995  

Park-Ohio Holdings Corp.*

      2,373         47,579  
     

 

 

  
Total Air Freight & Logistics               1,198,747  
Airlines – 0.9%      

Allegiant Travel Co.*

      3,842         209,389  

Hawaiian Holdings, Inc.*

      32,159         168,192  

JetBlue Airways Corp.*

      53,244         260,363  

SkyWest, Inc.

      5,668         62,631  

Spirit Airlines, Inc.*

      15,546         312,008  

US Airways Group, Inc.*(a)

      39,259         297,976  
     

 

 

  
Total Airlines               1,310,559  
Auto Components – 1.5%      

American Axle & Manufacturing Holdings, Inc.*

      67,161         786,455  

Cooper Tire & Rubber Co.

      28,706         436,905  

Dorman Products, Inc.*

      5,061         256,087  

Drew Industries, Inc.*

      5,087         138,926  

Exide Technologies*

      30,308         94,864  

Fuel Systems Solutions, Inc.*(a)

      1,131         29,587  

Modine Manufacturing Co.*

      11,101         98,022  

Spartan Motors, Inc.

      2,916         15,426  

Standard Motor Products, Inc.

      6,307         111,886  

Stoneridge, Inc.*

      6,213         61,446  

Superior Industries International, Inc.

      11,979         234,070  
     

 

 

  
Total Auto Components               2,263,674  
Automobiles – 0.0%      

Winnebago Industries, Inc.*(a)

      1,868         18,306  
Beverages – 0.2%      

Coca-Cola Bottling Co. Consolidated

      2,438         152,960  

National Beverage Corp.*

      10,170         163,127  
     

 

 

  
Total Beverages               316,087  
     
Biotechnology – 1.8%      

Acorda Therapeutics, Inc.*

      3,702       $ 98,288  

Astex Pharmaceuticals*

      27,743         51,602  

Aveo Pharmaceuticals, Inc.*

      11,239         139,476  

Emergent Biosolutions, Inc.*

      4,887         78,192  

Exelixis, Inc.*

      8,079         41,849  

Genomic Health, Inc.*(a)

      1,030         31,528  

Ligand Pharmaceuticals, Inc. Class B*

      1,161         18,518  

Maxygen, Inc.*

      11,683         67,060  

Momenta Pharmaceuticals, Inc.*

      53,018         812,236  

Neurocrine Biosciences, Inc.*

      16,184         128,987  

Osiris Therapeutics, Inc.*(a)

      10,788         55,235  

PDL BioPharma, Inc.(a)

      121,547         771,823  

Progenics Pharmaceuticals, Inc.*

      1,148         11,365  

Sciclone Pharmaceuticals, Inc.*

      16,808         106,059  

SIGA Technologies, Inc.*(a)

      9,372         31,490  

Spectrum Pharmaceuticals, Inc.*(a)

      12,752         161,058  
     

 

 

  
Total Biotechnology               2,604,766  
Building Products – 0.3%      

AAON, Inc.(a)

      3,602         72,724  

Ameresco, Inc. Class A*

      11,431         154,890  

Gibraltar Industries, Inc.*

      686         10,393  

Quanex Building Products Corp.

      3,463         61,053  

Trex Co., Inc.*(a)

      1,050         33,684  

Universal Forest Products, Inc.

      949         32,722  
     

 

 

  
Total Building Products               365,466  
Capital Markets – 3.0%      

Arlington Asset Investment Corp. Class A

      2,923         64,891  

Artio Global Investors, Inc.(a)

      56,894         271,384  

BGC Partners, Inc. Class A

      18,163         134,225  

BlackRock Kelso Capital Corp.

      32,637         320,495  

Calamos Asset Management, Inc. Class A

      6,534         85,661  

Diamond Hill Investment Group, Inc.

      770         56,710  

Duff & Phelps Corp. Class A

      4,520         70,241  

Edelman Financial Group, Inc.

      4,838         31,979  

Epoch Holding Corp.

      4,025         96,117  

Evercore Partners, Inc. Class A

      1,532         44,535  

Fidus Investment Corp.

      667         9,345  

Fifth Street Finance Corp.

      24,461         238,739  

Financial Engines, Inc.*(a)

      3,246         72,581  

FXCM, Inc. Class A

      3,623         47,063  

GFI Group, Inc.

      21,409         80,498  

Gladstone Investment Corp.

      19,012         143,921  

Golub Capital BDC, Inc.

      6,034         92,139  

Greenhill & Co., Inc.

      3,203         139,779  

Hercules Technology Growth Capital, Inc.

      16,909         187,352  

HFF, Inc. Class A*

      10,986         180,939  

Horizon Technology Finance Corp.

      2,593         43,070  

INTL FCStone, Inc.*

      4,095         86,405  

JMP Group, Inc.

      3,834         28,295  

Main Street Capital Corp.(a)

      10,032         247,088  

Medallion Financial Corp.

      5,903         65,877  

Medley Capital Corp.

      2,188         24,659  

 

See Notes to Financial Statements.

 

44   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

MVC Capital, Inc.

      1,995       $ 26,194  

New Mountain Finance Corp.

      9,110         125,171  

Oppenheimer Holdings, Inc. Class A

      5,525         95,859  

PennantPark Investment Corp.

      4,326         44,990  

Piper Jaffray Cos.*

      3,524         93,809  

Prospect Capital Corp.

      43,113         473,381  

Solar Capital Ltd.

      9,324         205,781  

THL Credit, Inc.

      6,897         88,695  

TICC Capital Corp.

      14,536         141,581  

Triangle Capital Corp.(a)

      10,698         211,285  

US Global Investors, Inc. Class A

      4,352         31,552  

Virtus Investment Partners, Inc.*

      246         21,102  

Westwood Holdings Group, Inc.

      1,441         55,810  
     

 

 

  
Total Capital Markets               4,479,198  
Chemicals – 4.8%      

A. Schulman, Inc.

      7,753         209,486  

American Vanguard Corp.

      5,635         122,223  

Calgon Carbon Corp.*

      13,126         204,897  

Ferro Corp.*

      64,975         385,952  

FutureFuel Corp.

      10,105         110,953  

Georgia Gulf Corp.*

      15,993         557,836  

H.B. Fuller Co.

      14,278         468,747  

Hawkins, Inc.

      2,107         78,380  

Innophos Holdings, Inc.

      6,851         343,372  

Innospec, Inc.*

      12,790         388,560  

KMG Chemicals, Inc.

      2,420         43,681  

Koppers Holdings, Inc.

      6,844         263,905  

Kraton Performance Polymers, Inc.*

      25,291         671,982  

Landec Corp.*

      5,533         36,131  

LSB Industries, Inc.*

      9,569         372,425  

Minerals Technologies, Inc.

      4,836         316,323  

OM Group, Inc.*

      542         14,910  

Omnova Solutions, Inc.*

      77,431         522,659  

PolyOne Corp.

      59,312         854,093  

Quaker Chemical Corp.

      4,499         177,486  

Stepan Co.

      3,468         304,490  

TPC Group, Inc.*

      11,411         504,480  

Tredegar Corp.

      5,433         106,432  

Zep, Inc.

      4,272         61,517  
     

 

 

  
Total Chemicals               7,120,920  
Commercial Banks – 8.1%      

1st Source Corp.

      6,947         169,993  

1st United Bancorp, Inc.*

      3,397         20,552  

Alliance Financial Corp.

      1,628         49,345  

Arrow Financial Corp.(a)

      3,642         88,865  

BancFirst Corp.

      4,666         203,251  

Bancorp, Inc. (The)*

      3,735         37,499  

BancorpSouth, Inc.(a)

      14,924         201,026  

Bank of Marin Bancorp

      1,707         64,883  

Bank of the Ozarks, Inc.(a)

      13,588         424,761  

BBCN Bancorp, Inc.*

      10,419         115,963  

Boston Private Financial Holdings, Inc.

      3,636         36,033  

Bridge Bancorp, Inc.

      1,799         37,725  
     

Bryn Mawr Bank Corp.

      4,039       $ 90,635  

Camden National Corp.

      3,330         117,049  

Capital City Bank Group, Inc.

      2,778         20,696  

Cardinal Financial Corp.

      9,072         102,514  

Cathay General Bancorp

      21,322         377,399  

Chemical Financial Corp.

      7,283         170,714  

Citizens & Northern Corp.

      4,711         94,220  

City Holding Co.(a)

      4,905         170,302  

CNB Financial Corp.

      3,052         50,999  

Columbia Banking System, Inc.

      9,667         220,214  

Community Bank System, Inc.

      10,182         293,038  

Community Trust Bancorp, Inc.

      5,177         166,026  

CVB Financial Corp.

      28,660         336,468  

Eagle Bancorp, Inc.*(a)

      5,494         91,970  

Enterprise Financial Services Corp.

      7,702         90,421  

Financial Institutions, Inc.

      4,528         73,218  

First Bancorp

      1,572         17,182  

First Bancorp, Inc.

      2,878         42,681  

First Busey Corp.

      19,103         94,369  

First Commonwealth Financial Corp.

      26,217         160,448  

First Community Bancshares, Inc.

      6,646         88,791  

First Financial Bancorp

      15,238         263,617  

First Financial Bankshares, Inc.(a)

      8,316         292,806  

First Financial Corp.

      4,063         129,000  

First Interstate Bancsystem, Inc.

      12,434         181,785  

First Merchants Corp.

      2,344         28,925  

First of Long Island Corp. (The)

      2,719         72,054  

German American Bancorp, Inc.(a)

      3,690         71,697  

Glacier Bancorp, Inc.

      15,314         228,791  

Great Southern Bancorp, Inc.

      3,508         84,192  

Hanmi Financial Corp.*

      16,069         162,618  

Heartland Financial USA, Inc.

      4,850         84,099  

Heritage Commerce Corp.*

      5,984         38,477  

Heritage Financial Corp.

      1,733         23,569  

Home Bancshares, Inc.

      4,051         107,797  

Hudson Valley Holding Corp.

      5,448         87,876  

Independent Bank Corp.

      6,822         195,996  

Lakeland Bancorp, Inc.

      7,441         73,294  

Lakeland Financial Corp.

      4,339         112,944  

MainSource Financial Group, Inc.

      8,842         106,546  

MB Financial, Inc.

      2,904         60,955  

Merchants Bancshares, Inc.

      1,955         55,092  

National Bankshares, Inc.(a)

      2,379         71,608  

NBT Bancorp, Inc.

      10,661         235,395  

Old National Bancorp

      19,732         259,278  

OmniAmerican Bancorp, Inc.*

      691         13,378  

Oriental Financial Group, Inc.

      16,096         194,762  

Pacific Capital Bancorp NA*(a)

      11,760         536,374  

Pacific Continental Corp.

      3,324         31,312  

PacWest Bancorp

      5,762         140,017  

Park National Corp.(a)

      4,266         295,079  

Pinnacle Financial Partners, Inc.*

      9,019         165,499  

PrivateBancorp, Inc.

      13,302         201,791  

Renasant Corp.

      4,824         78,535  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      45   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Republic Bancorp, Inc. Class A

      15,288       $ 365,689  

S&T Bancorp, Inc.(a)

      7,930         172,002  

S.Y. Bancorp, Inc.(a)

      4,270         99,064  

Sandy Spring Bancorp, Inc.

      7,308         132,786  

SCBT Financial Corp.

      1,082         35,392  

Simmons First National Corp. Class A

      3,538         91,387  

Southside Bancshares, Inc.

      6,850         151,385  

State Bank Financial Corp.*

      11,362         198,949  

StellarOne Corp.

      4,361         51,765  

Sterling Bancorp

      7,299         69,997  

Texas Capital Bancshares, Inc.*(a)

      8,599         297,697  

Tompkins Financial Corp.(a)

      3,496         140,050  

TowneBank

      6,544         88,279  

Trico Bancshares

      3,902         67,973  

Union First Market Bankshares Corp.

      7,274         101,836  

Univest Corp. of Pennsylvania

      4,883         81,937  

Virginia Commerce Bancorp, Inc.*

      11,698         102,708  

Washington Banking Co.

      5,090         70,293  

Washington Trust Bancorp, Inc.

      4,790         115,631  

WesBanco, Inc.

      9,166         184,603  

West Bancorp., Inc.

      4,854         48,491  

West Coast Bancorp*

      3,846         72,766  

Wintrust Financial Corp.

      4,231         151,427  
     

 

 

  
Total Commercial Banks               11,896,515  
Commercial Services & Supplies – 3.4%      

ABM Industries, Inc.

      13,195         320,638  

ACCO Brands Corp.*

      5,463         67,796  

At Cross Co. Class A*

      2,765         33,291  

Brink’s Co. (The)

      14,742         351,892  

Consolidated Graphics, Inc.*

      2,783         125,931  

Courier Corp.

      1,987         23,049  

Deluxe Corp.

      25,138         588,732  

Encore Capital Group, Inc.*

      11,073         249,696  

EnergySolutions, Inc.*

      16,966         83,133  

Ennis, Inc.

      11,944         188,954  

Fuel Tech, Inc.*

      3,175         17,335  

G&K Services, Inc. Class A

      4,656         159,235  

Geo Group, Inc. (The)*

      18,659         354,708  

InnerWorkings, Inc.*

      5,740         66,871  

Interface, Inc. Class A

      8,481         118,310  

Intersections, Inc.

      7,015         89,652  

Kimball International, Inc. Class B

      3,431         23,708  

Knoll, Inc.

      14,321         238,301  

McGrath Rentcorp

      6,832         219,376  

Metalico, Inc.*

      24,669         105,337  

Mobile Mini, Inc.*

      5,126         108,261  

Multi-Color Corp.

      3,672         82,657  

NL Industries, Inc.

      16,014         238,609  

Quad Graphics, Inc.(a)

      2,551         35,459  

Schawk, Inc.

      6,624         82,866  

Standard Parking Corp.*

      4,062         83,271  

Steelcase, Inc. Class A

      13,794         132,422  

SYKES Enterprises, Inc.*

      12,712         200,850  
     

Team, Inc.*

      4,054       $ 125,471  

TMS International Corp. Class A*

      8,547         103,419  

U.S. Ecology, Inc.

      3,568         77,568  

UniFirst Corp.

      5,255         323,445  

Viad Corp.

      2,223         43,193  
     

 

 

  
Total Commercial Services & Supplies               5,063,436  
Communications Equipment – 0.9%      

Anaren, Inc.*

      3,262         59,858  

Bel Fuse, Inc. Class B

      2,675         47,267  

Black Box Corp.

      7,005         178,697  

CalAmp Corp.*

      1,774         8,604  

Communications Systems, Inc.

      3,282         43,093  

Comtech Telecommunications Corp.

      8,020         261,292  

Digi International, Inc.*

      3,982         43,762  

Globecomm Systems, Inc.*

      5,040         72,979  

Ixia*

      6,722         83,958  

Oplink Communications, Inc.*

      10,379         177,481  

Procera Networks, Inc.*

      479         10,710  

TESSCO Technologies, Inc.

      3,442         87,668  

Westell Technologies, Inc. Class A*

      117,645         274,113  
     

 

 

  
Total Communications Equipment               1,349,482  
Computers & Peripherals – 0.9%      

3D Systems Corp.*(a)

      10,014         235,730  

Cray, Inc.*

      22,880         167,482  

Datalink Corp.*

      4,685         44,601  

Electronics For Imaging, Inc.*

      5,999         99,703  

Quantum Corp.*

      1,954         5,120  

Rimage Corp.

      2,326         23,283  

STEC, Inc.*(a)

      18,153         171,364  

Stratasys, Inc.*(a)

      2,369         86,516  

Super Micro Computer, Inc.*

      10,822         188,952  

Synaptics, Inc.*(a)

      7,338         267,910  
     

 

 

  
Total Computers & Peripherals               1,290,661  
Construction & Engineering – 1.0%      

Aegion Corp.*

      7,439         132,637  

Comfort Systems USA, Inc.

      4,888         53,328  

Dycom Industries, Inc.*

      3,252         75,967  

Furmanite Corp.*

      9,804         62,942  

Great Lakes Dredge & Dock Corp.

      11,026         79,608  

Layne Christensen Co.*

      6,080         135,280  

Michael Baker Corp.*

      2,502         59,673  

MYR Group, Inc.*

      4,058         72,476  

Northwest Pipe Co.*

      1,083         23,003  

Pike Electric Corp.*

      3,422         28,163  

Primoris Services Corp.

      15,536         249,508  

Sterling Construction Co., Inc.*

      6,026         58,753  

Tutor Perini Corp.*

      25,133         391,572  
     

 

 

  
Total Construction & Engineering               1,422,910  
Construction Materials – 0.0%      

Eagle Materials, Inc.

      707         24,568  
Consumer Finance – 1.5%      

Advance America, Cash Advance Centers, Inc.

      25,433         266,792  

 

See Notes to Financial Statements.

 

46   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

DFC Global Corp.*

      11,712       $ 221,006  

First Cash Financial Services, Inc.*

      7,398         317,300  

Nelnet, Inc. Class A

      38,476         996,913  

Netspend Holdings, Inc.*

      14,978         116,229  

World Acceptance Corp.*(a)

      5,419         331,914  
     

 

 

  
Total Consumer Finance               2,250,154  
Containers & Packaging – 0.4%      

AEP Industries, Inc.*

      744         25,899  

Boise, Inc.

      56,181         461,246  

Myers Industries, Inc.

      3,320         48,970  
     

 

 

  
Total Containers & Packaging               536,115  
Distributors – 0.2%      

Core-Mark Holding Co., Inc.

      2,230         91,296  

VOXX International Corp.*

      14,769         200,268  

Weyco Group, Inc.

      2,614         61,952  
     

 

 

  
Total Distributors               353,516  
Diversified Consumer Services – 2.6%      

American Public Education, Inc.*(a)

      3,595         136,610  

Archipelago Learning, Inc.*

      2,088         23,218  

Bridgepoint Education, Inc.*

      32,491         804,152  

Capella Education Co.*

      6,907         248,307  

Career Education Corp.*

      111,693         900,246  

Collectors Universe, Inc.

      1,726         29,756  

Grand Canyon Education, Inc.*

      11,609         206,176  

K12, Inc.*(a)

      2,553         60,327  

Lincoln Educational Services Corp.

      21,224         167,882  

Mac-Gray Corp.

      721         10,909  

Matthews International Corp. Class A

      9,300         294,252  

Regis Corp.

      9,910         182,641  

Stewart Enterprises, Inc. Class A(a)

      16,842         102,231  

Strayer Education, Inc.(a)

      4,972         468,760  

Universal Technical Institute, Inc.

      8,505         112,181  
     

 

 

  
Total Diversified Consumer Services               3,747,648  
Diversified Financial Services – 0.5%      

Gain Capital Holdings, Inc.

      44,846         225,127  

Interactive Brokers Group, Inc. Class A(a)

      5,317         90,389  

Life Partners Holdings, Inc.

      18,715         76,170  

MarketAxess Holdings, Inc.

      6,292         234,629  

Marlin Business Services Corp.

      1,598         24,066  

NewStar Financial, Inc.*

      5,394         59,981  

PHH Corp.*(a)

      273         4,223  
     

 

 

  
Total Diversified Financial Services               714,585  
Diversified Telecommunication Services – 0.7%      

8x8, Inc.*

      7,086         29,761  

Atlantic Tele-Network, Inc.

      1,924         69,957  

Boingo Wireless, Inc.*(a)

      6,588         79,715  

Cincinnati Bell, Inc.*(a)

      18,247         73,353  

Cogent Communications Group, Inc.*

      1,020         19,462  

Consolidated Communications Holdings, Inc.

      5,362         105,256  

General Communication, Inc. Class A*

      2,339         20,396  

HickoryTech Corp.

      3,485         36,035  

IDT Corp. Class B

      10,637         99,349  
     

Iridium Communications, Inc.*(a)

      21,546       $ 188,743  

Neutral Tandem, Inc.*

      10,616         129,409  

Premiere Global Services, Inc.*

      6,768         61,183  

SureWest Communications

      1,037         23,384  

Vonage Holdings Corp.*

      29,891         66,059  
     

 

 

  
Total Diversified Telecommunication Services               1,002,062  
Electric Utilities – 0.4%      

Central Vermont Public Service Corp.

      718         25,274  

Empire District Electric Co. (The)

      11,041         224,685  

MGE Energy, Inc.

      5,957         264,431  

Otter Tail Corp.

      3,749         81,353  

Unitil Corp.

      1,717         46,067  
     

 

 

  
Total Electric Utilities               641,810  
Electrical Equipment – 0.9%      

AZZ, Inc.

      3,483         179,862  

Coleman Cable, Inc.*

      7,901         76,798  

Encore Wire Corp.

      5,752         171,007  

Franklin Electric Co., Inc.

      5,499         269,836  

Global Power Equipment Group, Inc.*

      10,116         280,213  

LSI Industries, Inc.

      5,227         38,314  

Powell Industries, Inc.*

      945         32,366  

Preformed Line Products Co.

      1,961         128,446  

Vicor Corp.

      9,457         75,656  
     

 

 

  
Total Electrical Equipment               1,252,498  
Electronic Equipment, Instruments & Components – 5.2%   

Badger Meter, Inc.

      3,453         117,367  

Benchmark Electronics, Inc.*

      20,693         341,228  

Brightpoint, Inc.*

      18,783         151,203  

CTS Corp.

      7,097         74,660  

Daktronics, Inc.

      4,844         43,063  

DDi Corp.

      8,569         104,542  

DTS, Inc.*

      2,474         74,764  

Electro Rent Corp.

      5,854         107,772  

Electro Scientific Industries, Inc.

      6,363         95,509  

FARO Technologies, Inc.*

      1,599         93,270  

Insight Enterprises, Inc.*

      23,427         513,754  

Kemet Corp.*

      51,314         480,299  

LeCroy Corp.*

      5,287         54,932  

Littelfuse, Inc.

      8,264         518,153  

Measurement Specialties, Inc.*

      4,170         140,529  

Mercury Computer Systems, Inc.*

      5,024         66,568  

Methode Electronics, Inc.

      8,028         74,500  

MTS Systems Corp.

      5,094         270,440  

Multi-Fineline Electronix, Inc.*

      7,356         201,922  

Newport Corp.*

      17,830         315,948  

OSI Systems, Inc.*

      3,011         184,574  

Park Electrochemical Corp.

      4,175         126,210  

PC Connection, Inc.

      10,073         82,800  

Plexus Corp.*

      12,571         439,859  

Power-One, Inc.*

      143,083         651,028  

RealD, Inc.*(a)

      6,959         93,946  

Richardson Electronics Ltd.

      1,188         14,232  

Rofin-Sinar Technologies, Inc.*

      10,795         284,664  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      47   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Rogers Corp.*

      4,111       $ 159,301  

Sanmina-SCI Corp.*

      30,550         349,798  

Scansource, Inc.*

      8,680         323,938  

SYNNEX Corp.*

      18,611         709,824  

TTM Technologies, Inc.*

      23,134         265,810  

Vishay Precision Group, Inc.*

      2,947         43,704  

X-Rite, Inc.*

      6,674         30,300  

Zygo Corp.*

      4,586         89,748  
     

 

 

  
Total Electronic Equipment, Instruments & Components         7,690,159  
Energy Equipment & Services – 0.7%      

Basic Energy Services, Inc.*

      4,975         86,316  

Global Geophysical Services, Inc.*

      1,404         14,896  

Heckmann Corp.*(a)

      1,555         6,702  

ION Geophysical Corp.*

      14,507         93,570  

Matrix Service Co.*

      8,634         120,962  

Mitcham Industries, Inc.*

      1,832         41,147  

Natural Gas Services Group, Inc.*

      2,448         32,314  

Newpark Resources*

      34,220         280,262  

OYO Geospace Corp.*

      1,565         164,842  

Parker Drilling Co.*

      14,222         84,905  

PHI, Inc.*

      194         4,491  

RigNet, Inc.*

      1,238         21,702  

TGC Industries, Inc.*

      4,482         44,462  
     

 

 

  
Total Energy Equipment & Services               996,571  
Food & Staples Retailing – 1.0%      

Andersons, Inc. (The)

      8,645         420,925  

Ingles Markets, Inc. Class A

      8,996         158,689  

Nash Finch Co.

      5,998         170,463  

Pantry, Inc. (The)*

      5,166         67,210  

Spartan Stores, Inc.

      6,775         122,763  

Susser Holdings Corp.*

      7,221         185,363  

Village Super Market, Inc. Class A

      2,769         87,473  

Weis Markets, Inc.

      6,856         298,922  
     

 

 

  
Total Food & Staples Retailing               1,511,808  
Food Products – 0.8%      

B&G Foods, Inc.

      8,768         197,368  

Calavo Growers, Inc.(a)

      1,919         51,391  

Cal-Maine Foods, Inc.(a)

      6,301         241,076  

Chiquita Brands International, Inc.*

      26,784         235,431  

Diamond Foods, Inc.(a)

      6,242         142,442  

J&J Snack Foods Corp.

      3,689         193,525  

Omega Protein Corp.*

      13,317         101,342  

Seneca Foods Corp. Class A*

      1,055         27,789  

Smart Balance, Inc.*

      5,637         37,261  
     

 

 

  
Total Food Products               1,227,625  
Gas Utilities – 0.2%      

Chesapeake Utilities Corp.

      2,421         99,552  

Laclede Group, Inc. (The)

      6,059         236,422  
     

 

 

  
Total Gas Utilities               335,974  
Health Care Equipment & Supplies – 2.1%      

Abaxis, Inc.*

      1,878         54,706  

Analogic Corp.

      1,148         77,536  
     

AngioDynamics, Inc.*

      2,069       $ 25,345  

Arthrocare Corp.*

      3,538         94,995  

Atrion Corp.

      424         89,129  

Cantel Medical Corp.

      4,577         114,837  

Conceptus, Inc.*(a)

      22,988         330,567  

CONMED Corp.

      5,119         152,905  

CryoLife, Inc.*

      6,573         34,640  

Cyberonics, Inc.*

      3,822         145,733  

DynaVox, Inc. Class A*

      2,456         7,565  

Exactech, Inc.*

      2,457         38,943  

Greatbatch, Inc.*

      6,064         148,689  

ICU Medical, Inc.*

      3,160         155,346  

Integra LifeSciences Holdings Corp.*

      5,406         187,534  

Invacare Corp.

      9,495         157,332  

Kensey Nash Corp.

      189         5,530  

Meridian Bioscience, Inc.

      5,560         107,753  

Merit Medical Systems, Inc.*

      6,351         78,879  

Natus Medical, Inc.*

      4,514         53,852  

Neogen Corp.*

      2,545         99,433  

NuVasive, Inc.*

      22,453         378,109  

Quidel Corp.*

      1,602         29,429  

RTI Biologics, Inc.*

      7,352         27,202  

Spectranetics Corp.*

      954         9,922  

STAAR Surgical Co.*(a)

      182         1,971  

Symmetry Medical, Inc.*

      5,217         36,884  

Synergetics USA, Inc.*

      3,389         22,029  

Vascular Solutions, Inc.*

      7,298         78,745  

Wright Medical Group, Inc.*

      808         15,611  

Young Innovations, Inc.

      2,024         62,582  

Zoll Medical Corp.*

      2,540         235,280  
     

 

 

  
Total Health Care Equipment & Supplies               3,059,013  
Health Care Providers & Services – 3.1%      

Air Methods Corp.*

      2,325         202,856  

Almost Family, Inc.*

      6,362         165,476  

Amedisys, Inc.*

      1,419         20,519  

AMN Healthcare Services, Inc.*

      1,897         11,496  

Amsurg Corp.*

      7,748         216,789  

Assisted Living Concepts, Inc. Class A

      5,749         95,491  

Bio-Reference Labs, Inc.*(a)

      8,377         196,943  

Capital Senior Living Corp.*

      2,304         21,289  

Chemed Corp.

      6,666         417,825  

Chindex International, Inc.*

      1,717         16,312  

Corvel Corp.*

      2,748         109,618  

Cross Country Healthcare, Inc.*

      2,982         14,940  

Ensign Group, Inc. (The)

      7,756         210,653  

Five Star Quality Care, Inc.*

      27,839         94,931  

Hanger Orthopedic Group, Inc.*

      8,660         189,308  

Healthways, Inc.*

      13,348         98,241  

IPC The Hospitalist Co., Inc.*

      2,487         91,795  

Kindred Healthcare, Inc.*

      13,802         119,249  

Landauer, Inc.

      1,863         98,776  

Metropolitan Health Networks, Inc.*

      13,264         124,284  

MModal, Inc.*

      14,041         148,133  

 

See Notes to Financial Statements.

 

48   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Molina Healthcare, Inc.*

      13,475       $ 453,164  

MWI Veterinary Supply, Inc.*

      2,410         212,080  

National Healthcare Corp.

      5,086         231,718  

PharMerica Corp.*

      6,100         75,823  

Providence Service Corp. (The)*

      4,582         71,067  

Sunrise Senior Living, Inc.*(a)

      11,366         71,833  

Triple-S Management Corp. Class B*

      11,674         269,669  

U.S. Physical Therapy, Inc.

      3,407         78,531  

Universal American Corp.

      36,181         390,031  
     

 

 

  
Total Health Care Providers & Services               4,518,840  
Health Care Technology – 0.3%      

Computer Programs & Systems, Inc.

      2,144         121,179  

Epocrates, Inc.*(a)

      2,583         22,162  

HealthStream, Inc.*

      1,449         33,602  

Medidata Solutions, Inc.*

      6,083         162,051  

Merge Healthcare, Inc.*(a)

      436         2,551  

Omnicell, Inc.*

      1,805         27,454  

Transcend Services, Inc.*

      2,091         61,371  
     

 

 

  
Total Health Care Technology               430,370  
Hotels, Restaurants & Leisure – 3.5%      

AFC Enterprises*

      5,953         100,963  

Ameristar Casinos, Inc.

      2,454         45,718  

Biglari Holdings, Inc.*

      247         99,504  

Bob Evans Farms, Inc.

      7,737         291,840  

Bravo Brio Restaurant Group, Inc.*

      14,962         298,642  

Caribou Coffee Co., Inc.*(a)

      9,909         184,704  

Carrols Restaurant Group, Inc.*

      5,168         78,812  

CEC Entertainment, Inc.

      6,418         243,306  

Churchill Downs, Inc.

      4,218         235,786  

Cracker Barrel Old Country Store, Inc.

      6,431         358,850  

Denny’s Corp.*

      21,743         87,842  

Einstein Noah Restaurant Group, Inc.

      2,882         42,999  

International Speedway Corp. Class A

      9,260         256,965  

Interval Leisure Group, Inc.

      11,416         198,638  

Isle of Capri Casinos, Inc.*

      1,151         8,126  

Jack In The Box, Inc.*

      11,783         282,438  

Krispy Kreme Doughnuts, Inc.*

      8,560         62,488  

Marcus Corp.

      5,800         72,790  

Multimedia Games Holding Co., Inc.*

      2,897         31,751  

Papa John’s International, Inc.*

      5,749         216,507  

Peet’s Coffee & Tea, Inc.*(a)

      1,381         101,780  

PF Chang’s China Bistro, Inc.

      5,437         214,870  

Pinnacle Entertainment, Inc.*

      5,782         66,551  

Red Robin Gourmet Burgers, Inc.*

      2,703         100,525  

Ruby Tuesday, Inc.*

      23,173         211,569  

Ruth’s Hospitality Group, Inc.*

      10,529         79,915  

Shuffle Master, Inc.*

      9,838         173,149  

Sonic Corp.*

      10,887         83,612  

Speedway Motorsports, Inc.

      13,298         248,407  

Texas Roadhouse, Inc.

      16,995         282,797  

Town Sports International Holdings, Inc.*

      2,270         28,670  

WMS Industries, Inc.*(a)

      12,763         302,866  
     

 

 

  
Total Hotels, Restaurants & Leisure               5,093,380  
     
Household Durables – 1.0%      

American Greetings Corp. Class A

      20,307       $ 311,509  

Blyth, Inc.

      1,610         120,476  

Cavco Industries, Inc.*

      1,314         61,206  

CSS Industries, Inc.

      1,928         37,519  

Ethan Allen Interiors, Inc.

      5,836         147,768  

iRobot Corp.*(a)

      4,698         128,068  

La-Z-Boy, Inc.*

      24,268         363,049  

Libbey, Inc.*

      7,461         96,545  

Lifetime Brands, Inc.

      6,330         71,149  

Sealy Corp.*

      27,407         55,362  

Universal Electronics, Inc.*

      4,585         91,608  

Zagg, Inc.*(a)

      4,977         52,906  
     

 

 

  
Total Household Durables               1,537,165  
Household Products – 0.2%      

Central Garden and Pet Co. Class A*

      14,171         136,467  

WD-40 Co.

      3,567         161,763  
     

 

 

  
Total Household Products               298,230  
Independent Power Producers & Energy Traders – 0.0%   

Ormat Technologies, Inc.(a)

      998         20,110  
Industrial Conglomerates – 0.3%      

Raven Industries, Inc.

      3,178         193,890  

Standex International Corp.

      4,252         175,140  
     

 

 

  
Total Industrial Conglomerates               369,030  
Insurance – 3.2%      

American Equity Investment Life Holding Co.(a)

      26,851         342,887  

AMERISAFE, Inc.*

      4,372         108,163  

Citizens, Inc.*

      5,074         50,131  

Crawford & Co. Class B

      39,112         191,649  

Donegal Group, Inc. Class A

      518         7,081  

eHealth, Inc.*(a)

      3,381         55,144  

Employers Holdings, Inc.

      11,021         195,182  

FBL Financial Group, Inc. Class A

      13,546         456,500  

Horace Mann Educators Corp.

      9,967         175,619  

Infinity Property & Casualty Corp.

      3,142         164,421  

Kansas City Life Insurance Co.

      3,224         103,813  

Meadowbrook Insurance Group, Inc.

      18,021         168,136  

National Financial Partners Corp.*

      12,281         185,934  

National Interstate Corp.

      4,147         106,080  

National Western Life Insurance Co. Class A

      1,827         250,062  

Navigators Group, Inc. (The)*

      1,589         75,064  

Phoenix Cos., Inc. (The)*

      149,105         365,307  

Presidential Life Corp.

      5,084         58,110  

Safety Insurance Group, Inc.

      2,039         84,904  

Selective Insurance Group, Inc.

      6,976         122,847  

Stewart Information Services Corp.

      1,512         21,486  

Symetra Financial Corp.

      82,146         947,144  

Tower Group, Inc.

      13,853         310,723  

Universal Insurance Holdings, Inc.

      28,937         112,565  
     

 

 

  
Total Insurance         4,658,952  
Internet & Catalog Retail – 0.2%      

1-800-FLOWERS.COM, Inc. Class A*

      9,234         27,979  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      49   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Blue Nile, Inc.*(a)

      1,360       $ 44,853  

Nutrisystem, Inc.(a)

      5,963         66,964  

PetMed Express, Inc.(a)

      6,950         86,041  

Shutterfly, Inc.*(a)

      1,750         54,828  
     

 

 

  
Total Internet & Catalog Retail         280,665  
Internet Software & Services – 1.6%      

Ancestry.com, Inc.*(a)

      10,355         235,473  

Constant Contact, Inc.*

      1,003         29,879  

DealerTrack Holdings, Inc.*

      818         24,753  

Dice Holdings, Inc.*

      13,536         126,291  

Digital River, Inc.*

      4,716         88,236  

Earthlink, Inc.

      23,331         186,415  

EasyLink Services International Corp. Class A*

      21,733         110,512  

Envestnet, Inc.*

      2,375         29,735  

InfoSpace, Inc.*

      4,129         52,892  

Intralinks Holdings, Inc.*

      1,503         7,951  

Keynote Systems, Inc.

      10,131         200,189  

Liquidity Services, Inc.*

      964         43,187  

LivePerson, Inc.*

      3,322         55,710  

LogMein, Inc.*(a)

      931         32,799  

LoopNet, Inc.*(a)

      2,478         46,537  

Monster Worldwide, Inc.*

      16,055         156,536  

NIC, Inc.

      6,890         83,576  

OpenTable, Inc.*(a)

      1,916         77,540  

Perficient, Inc.*

      4,654         55,895  

QuinStreet, Inc.*

      10,501         110,155  

Responsys, Inc.*

      4,493         53,781  

SciQuest, Inc.*

      696         10,607  

SPS Commerce, Inc.*

      147         3,951  

Stamps.com, Inc.*

      2,141         59,691  

TechTarget, Inc.*

      2,303         15,960  

Travelzoo, Inc.*(a)

      2,813         64,699  

United Online, Inc.

      40,602         198,544  

XO Group, Inc.*

      2,317         21,757  

Zix Corp.*

      63,048         183,470  
     

 

 

  
Total Internet Software & Services         2,366,721  
IT Services – 1.6%      

Acxiom Corp.*

      19,423         285,130  

Cass Information Systems, Inc.

      2,466         98,517  

Computer Task Group, Inc.*

      3,262         49,974  

CSG Systems International, Inc.*

      7,767         117,592  

Dynamics Research Corp.*

      4,075         39,283  

Echo Global Logistics, Inc.*(a)

      2,557         41,168  

Euronet Worldwide, Inc.*

      2,794         58,367  

ExlService Holdings, Inc.*

      5,595         153,527  

Forrester Research, Inc.

      2,221         71,960  

Global Cash Access Holdings, Inc.*

      4,661         36,356  

Hackett Group, Inc. (The)*

      16,354         97,633  

Heartland Payment Systems, Inc.

      6,599         190,315  

Higher One Holdings, Inc.*(a)

      7,153         106,937  

iGate Corp.*

      8,871         148,678  

NCI, Inc. Class A*

      6,139         39,228  

PRGX Global, Inc.*

      3,558         22,380  
     

ServiceSource International, Inc.*

      3,261       $ 50,480  

TeleTech Holdings, Inc.*

      15,430         248,423  

TNS, Inc.*

      433         9,409  

Unisys Corp.*

      20,148         397,319  

Virtusa Corp.*

      4,582         79,131  
     

 

 

  
Total IT Services         2,341,807  
Leisure Equipment & Products – 0.4%      

Arctic Cat, Inc.*

      3,693         158,171  

Black Diamond, Inc.*

      453         4,195  

JAKKS Pacific, Inc.

      8,440         147,278  

Leapfrog Enterprises, Inc.*

      7,940         66,378  

Steinway Musical Instruments*

      995         24,875  

Sturm Ruger & Co., Inc.

      4,369         214,518  

Summer Infant, Inc.*

      2,679         16,074  
     

 

 

  
Total Leisure Equipment & Products         631,489  
Life Sciences Tools & Services – 0.2%      

Cambrex Corp.*

      8,530         59,625  

eResearch Technology, Inc.*

      11,224         87,772  

Harvard Bioscience, Inc.*

      4,992         19,568  

Luminex Corp.*

      2,868         66,968  

Medtox Scientific, Inc.*

      1,173         19,777  
     

 

 

  
Total Life Sciences Tools & Services         253,710  
Machinery – 3.9%      

Alamo Group, Inc.

      4,003         120,330  

Albany International Corp. Class A

      9,661         221,720  

Altra Holdings, Inc.*

      7,953         152,698  

Ampco-Pittsburgh Corp.

      4,787         96,362  

Astec Industries, Inc.*

      4,671         170,398  

Blount International, Inc.*

      14,483         241,576  

Briggs & Stratton Corp.

      17,454         312,950  

Cascade Corp.

      3,499         175,370  

CIRCOR International, Inc.

      4,049         134,710  

Commercial Vehicle Group, Inc.*

      4,951         60,452  

Douglas Dynamics, Inc.

      4,498         61,847  

Dynamic Materials Corp.

      1,952         41,207  

EnPro Industries, Inc.*

      6,171         253,628  

ESCO Technologies, Inc.

      7,774         285,850  

Flow International Corp.*

      2,295         9,226  

Gorman-Rupp Co. (The)

      4,718         137,671  

Graham Corp.

      2,012         44,043  

Greenbrier Cos., Inc.*

      386         7,639  

Hurco Cos., Inc.*

      1,265         35,736  

John Bean Technologies Corp.

      9,913         160,591  

Kadant, Inc.*

      4,449         105,975  

Kaydon Corp.

      6,817         173,902  

L.B. Foster Co. Class A

      2,913         83,050  

Lindsay Corp.(a)

      2,762         183,038  

Lydall, Inc.*

      2,326         23,702  

Meritor, Inc.*

      51,124         412,571  

Met-Pro Corp.

      2,726         28,787  

Miller Industries, Inc.

      5,369         90,843  

NACCO Industries, Inc. Class A

      5,253         611,292  

NN, Inc.*

      12,884         105,133  

 

See Notes to Financial Statements.

 

50   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

PMFG, Inc.*(a)

      2,204       $ 33,082  

RBC Bearings, Inc.*

      3,840         177,139  

Sun Hydraulics Corp.

      6,647         173,886  

Tennant Co.

      3,783         166,452  

Titan International, Inc.

      7,470         176,665  

Trimas Corp.*

      11,808         264,381  

Twin Disc, Inc.(a)

      3,103         80,957  

Wabash National Corp.*

      7,139         73,889  

Xerium Technologies, Inc.*

      4,565         29,444  
     

 

 

  
Total Machinery         5,718,192  
Marine – 0.1%      

International Shipholding Corp.

      3,913         90,351  
Media – 2.3%      

Arbitron, Inc.

      6,052         223,803  

Belo Corp. Class A

      46,572         333,921  

Cumulus Media, Inc. Class A*(a)

      68,385         238,664  

Digital Generation, Inc.*

      10,695         109,196  

Entercom Communications Corp. Class A*

      48,763         316,472  

EW Scripps Co. Class A*

      2,301         22,711  

Fisher Communications, Inc.*

      1,177         36,157  

Harte-Hanks, Inc.

      19,930         180,366  

Journal Communications, Inc. Class A*

      18,847         106,109  

Knology, Inc.*

      6,450         117,390  

LIN TV Corp. Class A*

      26,009         105,336  

National CineMedia, Inc.

      11,462         175,369  

New York Times Co. (The) Class A*

      12,628         85,744  

Scholastic Corp.

      9,130         322,106  

Sinclair Broadcast Group, Inc. Class A

      31,883         352,626  

Valassis Communications, Inc.*

      20,905         480,815  

World Wrestling Entertainment, Inc. Class A(a)

      16,517         146,506  
     

 

 

  
Total Media         3,353,291  
Metals & Mining – 2.0%      

A.M. Castle & Co.*(a)

      3,760         47,564  

AMCOL International Corp.(a)

      5,600         165,144  

Century Aluminum Co.*

      29,412         261,178  

Globe Specialty Metals, Inc.

      22,357         332,449  

Gold Resource Corp.

      2,244         54,552  

Handy & Harman Ltd.*

      8,363         120,762  

Haynes International, Inc.

      2,583         163,633  

Horsehead Holding Corp.*

      19,408         221,057  

Kaiser Aluminum Corp.(a)

      1,802         85,162  

Materion Corp.*

      8,777         252,163  

Metals USA Holdings Corp.*

      18,794         270,821  

Noranda Aluminum Holding Corp.

      70,441         702,297  

Olympic Steel, Inc.

      3,773         90,552  

RTI International Metals, Inc.*

      1,229         28,341  

Universal Stainless & Alloy*

      2,001         85,483  
     

 

 

  
Total Metals & Mining         2,881,158  
Multiline Retail – 0.2%      

Fred’s, Inc. Class A

      9,155         133,754  

Gordmans Stores, Inc.*

      4,346         95,482  

Tuesday Morning Corp.*

      7,698         29,560  
     

 

 

  
Total Multiline Retail         258,796  
     
Multi-Utilities – 0.2%      

CH Energy Group, Inc.

      4,434       $ 295,881  
Oil, Gas & Consumable Fuels – 2.7%      

Abraxas Petroleum Corp.*

      6,525         20,358  

Alon USA Energy, Inc.

      13,336         120,691  

Approach Resources, Inc.*

      2,289         84,579  

Callon Petroleum Co.*

      28,187         177,296  

Carrizo Oil & Gas, Inc.*

      822         23,230  

Clayton Williams Energy, Inc.*(a)

      4,769         378,849  

Contango Oil & Gas Co.*

      3,974         234,108  

Delek US Holdings, Inc.

      34,323         532,350  

Energy Partners Ltd.*

      10,470         173,907  

Evolution Petroleum Corp.*

      574         5,338  

GeoResources, Inc.*

      4,428         144,973  

Green Plains Renewable Energy, Inc.*

      15,978         172,403  

Houston American Energy Corp.*(a)

      4,217         22,013  

James River Coal Co.*(a)

      8,240         42,189  

Panhandle Oil and Gas, Inc. Class A

      1,051         30,983  

Petroleum Development Corp.*

      283         10,496  

Petroquest Energy, Inc.*(a)

      2,698         16,566  

Resolute Energy Corp.*(a)

      12,498         142,227  

REX American Resources Corp.*

      695         21,336  

Vaalco Energy, Inc.*

      24,217         228,851  

Venoco, Inc.*

      18,324         198,632  

Warren Resources, Inc.*

      25,109         81,855  

Western Refining, Inc.(a)

      58,752         1,105,713  
     

 

 

  
Total Oil, Gas & Consumable Fuels               3,968,943  
Paper & Forest Products – 0.9%      

Clearwater Paper Corp.*

      7,730         256,713  

Deltic Timber Corp.

      356         22,531  

KapStone Paper and Packaging Corp.*

      15,477         304,897  

Neenah Paper, Inc.

      4,893         145,518  

PH Glatfelter Co.

      12,717         200,674  

Schweitzer-Mauduit International, Inc.

      3,707         256,006  

Wausau Paper Corp.

      11,656         109,333  
     

 

 

  
Total Paper & Forest Products               1,295,672  
Personal Products – 1.7%      

Elizabeth Arden, Inc.*

      5,028         175,879  

Inter Parfums, Inc.

      7,306         114,631  

Medifast, Inc.*(a)

      5,512         96,240  

Nature’s Sunshine Products, Inc.*(a)

      4,810         77,056  

Nutraceutical International Corp.*

      5,582         81,274  

Prestige Brands Holdings, Inc.*

      13,392         234,092  

Revlon, Inc. Class A*

      85,371         1,472,650  

Schiff Nutrition International, Inc.*

      4,602         56,559  

USANA Health Sciences, Inc.*(a)

      6,389         238,501  
     

 

 

  
Total Personal Products               2,546,882  
Pharmaceuticals – 1.1%      

Acura Pharmaceuticals, Inc.*(a)

      8,699         30,098  

Akorn, Inc.*

      23,524         275,231  

Columbia Laboratories, Inc.*

      17,301         12,284  

DepoMed, Inc.*

      74,618         467,109  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      51   

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Hi-Tech Pharmacal Co., Inc.*

      5,043       $ 181,195  

MAP Pharmaceuticals, Inc.*

      1,747         25,087  

Medicines Co. (The)*

      30,945         621,066  

Obagi Medical Products, Inc.*

      3,083         41,312  

Santarus, Inc.*

      1,578         9,231  
     

 

 

  
Total Pharmaceuticals               1,662,613  
Professional Services – 2.4%      

Advisory Board Co. (The)*

      1,065         94,380  

Barrett Business Services, Inc.

      2,132         42,278  

CBIZ, Inc.*(a)

      17,008         107,491  

CDI Corp.

      2,731         48,967  

CRA International, Inc.*

      2,591         65,345  

Dolan Co. (The)*

      8,267         75,312  

Exponent, Inc.*

      2,735         132,702  

Franklin Covey Co.*

      1,948         18,331  

GP Strategies Corp.*

      4,739         82,932  

Hudson Highland Group, Inc.*

      7,047         37,913  

Huron Consulting Group, Inc.*

      3,652         137,169  

ICF International, Inc.*

      5,093         129,209  

Insperity, Inc.

      4,906         150,320  

Kelly Services, Inc. Class A

      15,913         254,449  

Kforce, Inc.*

      9,100         135,590  

Korn/Ferry International*

      15,978         267,631  

Mistras Group, Inc.*

      2,960         70,507  

Navigant Consulting, Inc.*

      11,701         162,761  

On Assignment, Inc.*

      943         16,474  

Pendrell Corp.*

      436,706         1,139,803  

Resources Connection, Inc.

      3,793         53,292  

RPX Corp.*

      7,530         127,709  

TrueBlue, Inc.*

      8,265         147,778  

VSE Corp.

      3,237         80,310  
     

 

 

  
Total Professional Services               3,578,653  
Real Estate Investment Trusts (REITs) – 1.3%      

Acadia Realty Trust

      4,908         110,626  

Agree Realty Corp.

      638         14,406  

Chesapeake Lodging Trust

      1,091         19,605  

EastGroup Properties, Inc.

      1,913         96,071  

Franklin Street Properties Corp.

      7,768         82,341  

Getty Realty Corp.(a)

      12,579         195,981  

Gladstone Commercial Corp.

      260         4,475  

Government Properties Income Trust

      6,826         164,575  

Investors Real Estate Trust

      785         6,037  

LTC Properties, Inc.

      4,950         158,400  

Medical Properties Trust, Inc.

      8,371         77,683  

Mission West Properties, Inc.

      1,028         10,136  

Monmouth Real Estate Investment Corp. Class A

      5,441         52,995  

National Health Investors, Inc.

      6,366         310,534  

One Liberty Properties, Inc.

      2,404         43,993  

Ramco-Gershenson Properties Trust

      3,711         45,348  

Retail Opportunity Investments Corp.(a)

      3,138         37,782  

Sabra Health Care REIT, Inc.

      1,966         32,321  

Saul Centers, Inc.

      1,267         51,136  

Sovran Self Storage, Inc.

      2,795         139,275  
     

Sun Communities, Inc.

      86       $ 3,726  

Sunstone Hotel Investors, Inc.*

      6,714         65,394  

UMH Properties, Inc.

      1,897         20,791  

Universal Health Realty Income Trust

      1,627         64,478  

Urstadt Biddle Properties, Inc. Class A

      4,129         81,507  

Whitestone REIT Class B

      229         2,986  

Winthrop Realty Trust

      7,439         86,218  
     

 

 

  
Total Real Estate Investment Trusts (REITs)               1,978,820  
Real Estate Management & Development – 0.1%      

Forestar Group, Inc.*

      8,724         134,263  

Tejon Ranch Co.*

      1,477         42,301  
     

 

 

  
Total Real Estate Management & Development               176,564  
Road & Rail – 0.4%      

Celadon Group, Inc.

      4,588         71,343  

Marten Transport Ltd.

      4,655         102,736  

Quality Distribution, Inc.*

      2,996         41,285  

RailAmerica, Inc.*

      11,643         249,859  

Roadrunner Transportation Systems, Inc.*

      6,013         104,325  

Saia, Inc.*

      2,865         48,734  
     

 

 

  
Total Road & Rail               618,282  
Semiconductors & Semiconductor Equipment – 8.0%      

Advanced Energy Industries, Inc.*

      23,000         301,760  

Amkor Technology, Inc.*

      110,297         677,775  

ATMI, Inc.*

      6,655         155,062  

Axcelis Technologies, Inc.*

      33,985         58,454  

AXT, Inc.*

      23,493         149,181  

Brooks Automation, Inc.

      33,542         413,573  

Cabot Microelectronics Corp.

      4,425         172,044  

Ceva, Inc.*

      2,578         58,546  

Cirrus Logic, Inc.*

      44,660         1,062,908  

Cohu, Inc.

      8,141         92,563  

Diodes, Inc.*(a)

      14,537         336,968  

Entegris, Inc.*

      53,232         497,187  

Entropic Communications, Inc.*(a)

      58,728         342,384  

FSI International, Inc.*

      10,074         49,262  

GSI Technology, Inc.*

      11,684         49,540  

GT Advanced Technologies, Inc.*(a)

      109,090         902,174  

Inphi Corp.*

      1,662         23,567  

Integrated Device Technology, Inc.*

      42,344         302,760  

Integrated Silicon Solution, Inc.*

      23,647         263,901  

IXYS Corp.*

      16,039         211,715  

Kopin Corp.*

      4,982         20,277  

Kulicke & Soffa Industries, Inc.*

      56,625         703,849  

Lattice Semiconductor Corp.*

      33,566         215,829  

LTX-Credence Corp.*

      23,817         171,244  

Micrel, Inc.

      16,476         169,044  

MIPS Technologies, Inc.*

      9,061         49,292  

Monolithic Power Systems, Inc.*

      4,396         86,469  

Nanometrics, Inc.*

      12,443         230,320  

NVE Corp.*(a)

      903         47,859  

Omnivision Technologies, Inc.*

      45,983         919,660  

Pericom Semiconductor Corp.*

      2,072         16,763  

Photronics, Inc.*

      9,722         64,651  

 

See Notes to Financial Statements.

 

52   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Power Integrations, Inc.

      4,419       $ 164,033  

Rambus, Inc.*

      4,142         26,716  

Rubicon Technology, Inc.*

      21,677         226,091  

Rudolph Technologies, Inc.*

      13,649         151,640  

Silicon Image, Inc.*

      2,303         13,542  

Spansion, Inc. Class A*

      2,380         28,988  

Standard Microsystems Corp.*

      2,238         57,897  

STR Holdings, Inc.*(a)

      17,779         86,050  

Supertex, Inc.*

      1,706         30,827  

TriQuint Semiconductor, Inc.*

      73,800         508,851  

Ultra Clean Holdings*

      12,612         95,094  

Ultratech, Inc.*

      5,893         170,779  

Veeco Instruments, Inc.*(a)

      45,795         1,309,737  

Volterra Semiconductor Corp.*

      4,059         139,691  
     

 

 

  
Total Semiconductors & Semiconductor Equipment               11,826,517  
Software – 1.8%      

ACI Worldwide, Inc.*

      7,395         297,797  

Actuate Corp.*

      6,167         38,729  

American Software, Inc. Class A

      3,577         30,691  

Bottomline Technologies, Inc.*

      6,591         184,153  

BroadSoft, Inc.*(a)

      4,530         173,272  

Convio, Inc.*

      850         13,149  

Digimarc Corp.*

      1,179         32,941  

Ebix, Inc.(a)

      14,056         325,537  

EPIQ Systems, Inc.

      4,176         50,530  

ePlus, Inc.*

      3,020         96,549  

Interactive Intelligence Group, Inc.*

      2,713         82,774  

Majesco Entertainment Co.*(a)

      12,299         30,379  

Manhattan Associates, Inc.*

      3,414         162,267  

Monotype Imaging Holdings, Inc.*

      5,596         83,380  

Netscout Systems, Inc.*

      7,081         144,028  

Opnet Technologies, Inc.

      1,745         50,605  

Pegasystems, Inc.

      812         30,986  

PROS Holdings, Inc.*

      1,146         21,430  

SeaChange International, Inc.*

      2,604         20,259  

Sourcefire, Inc.*

      887         42,691  

Synchronoss Technologies, Inc.*

      1,111         35,463  

TeleCommunication Systems, Inc. Class A*

      15,483         43,043  

TeleNav, Inc.*

      18,366         128,929  

Tyler Technologies, Inc.*

      3,506         134,665  

VASCO Data Security International, Inc.*

      10,025         108,170  

Verint Systems, Inc.*

      3,566         115,503  

Websense, Inc.*

      6,584         138,857  
     

 

 

  
Total Software               2,616,777  
Specialty Retail – 3.7%      

America’s Car-Mart, Inc.*

      3,027         133,128  

Asbury Automotive Group, Inc.*

      8,224         222,048  

bebe Stores, Inc.

      3,426         31,622  

Big 5 Sporting Goods Corp.

      7,058         55,335  

Body Central Corp.*

      2,806         81,430  

Brown Shoe Co., Inc.

      7,129         65,801  

Casual Male Retail Group, Inc.*

      18,203         61,162  
     

Cato Corp. (The) Class A

      9,684       $ 267,666  

Citi Trends, Inc.*

      2,297         26,324  

Cost Plus, Inc.*

      3,898         69,774  

Destination Maternity Corp.

      5,502         102,172  

Finish Line, Inc. (The) Class A

      14,596         309,727  

Group 1 Automotive, Inc.

      5,730         321,854  

Haverty Furniture Cos., Inc.

      1,424         15,806  

hhgregg, Inc.*(a)

      12,589         143,263  

Kirkland’s, Inc.*

      6,399         103,536  

Lithia Motors, Inc. Class A

      7,726         202,421  

Lumber Liquidators Holdings, Inc.*(a)

      5,721         143,654  

Midas, Inc.*

      1,936         22,225  

OfficeMax, Inc.*(a)

      35,641         203,867  

PEP Boys-Manny Moe & Jack (The)

      15,060         224,695  

RadioShack Corp.(a)

      42,619         265,090  

Rue21, Inc.*(a)

      6,151         180,470  

Select Comfort Corp.*

      10,794         349,618  

Shoe Carnival, Inc.*

      4,447         143,282  

Sonic Automotive, Inc. Class A(a)

      31,924         571,759  

Stage Stores, Inc.

      8,576         139,274  

Stein Mart, Inc.*

      19,783         130,568  

Systemax, Inc.*

      13,196         222,485  

Vitamin Shoppe, Inc.*

      4,410         194,966  

West Marine, Inc.*

      8,782         105,208  

Wet Seal, Inc. (The) Class A*

      23,053         79,533  

Winmark Corp.

      893         51,740  

Zumiez, Inc.*

      4,256         153,684  
     

 

 

  
Total Specialty Retail               5,395,187  
Textiles, Apparel & Luxury Goods – 0.9%      

Cherokee, Inc.

      2,312         26,334  

Delta Apparel, Inc.*

      4,195         68,924  

G-III Apparel Group Ltd.*

      9,124         259,304  

Jones Group, Inc. (The)

      22,833         286,782  

Maidenform Brands, Inc.*

      10,148         228,432  

Oxford Industries, Inc.

      2,303         117,038  

Perry Ellis International, Inc.*

      8,875         165,696  

True Religion Apparel, Inc.*

      5,416         148,398  

Unifi, Inc.*

      7,998         77,261  
     

 

 

  
Total Textiles, Apparel & Luxury Goods               1,378,169  
Thrifts & Mortgage Finance – 1.6%      

Astoria Financial Corp.

      39,397         388,454  

Beneficial Mutual Bancorp, Inc.*

      2,315         20,233  

Berkshire Hills Bancorp, Inc.

      2,037         46,688  

Bofi Holding, Inc.*

      5,323         90,917  

Brookline Bancorp, Inc.

      17,517         164,134  

Dime Community Bancshares, Inc.

      15,161         221,502  

ESB Financial Corp.

      4,019         57,954  

ESSA Bancorp, Inc.

      1,912         18,738  

Federal Agricultural Mortgage Corp. Class C

      2,940         66,738  

First Defiance Financial Corp.

      3,147         53,058  

First PacTrust Bancorp, Inc.(a)

      1,408         16,783  

Flushing Financial Corp.

      11,001         148,074  

Fox Chase Bancorp, Inc.

      1,351         17,563  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      53   

Table of Contents

Schedule of Investments (concluded)

WisdomTree SmallCap Earnings Fund (EES)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Kearny Financial Corp.

      3,512       $ 34,242  

Northfield Bancorp, Inc.(a)

      4,724         67,175  

OceanFirst Financial Corp.

      6,140         87,434  

Oritani Financial Corp.

      8,662         127,158  

Provident Financial Services, Inc.

      16,358         237,682  

Provident New York Bancorp

      7,760         65,650  

Rockville Financial, Inc.

      2,083         24,267  

Territorial Bancorp, Inc.

      2,441         50,797  

TrustCo Bank Corp.

      22,638         129,263  

United Financial Bancorp, Inc.

      2,667         42,192  

ViewPoint Financial Group

      6,896         106,061  

Walker & Dunlop, Inc.*

      786         9,904  

Westfield Financial, Inc.

      2,807         22,203  

WSFS Financial Corp.

      1,704         69,864  
     

 

 

  
Total Thrifts & Mortgage Finance               2,384,728  
Tobacco – 0.3%      

Universal Corp.

      8,107         377,786  
Trading Companies & Distributors – 1.5%      

Aceto Corp.

      4,931         46,795  

Beacon Roofing Supply, Inc.*

      9,794         252,293  

CAI International, Inc.*

      12,565         228,432  

DXP Enterprises, Inc.*

      3,668         159,521  

Houston Wire & Cable Co.

      5,721         79,465  

Interline Brands, Inc.*

      7,918         171,108  

Kaman Corp.

      8,746         296,927  

Rush Enterprises, Inc. Class A*

      9,090         192,890  

TAL International Group, Inc.

      16,112         591,471  

Titan Machinery, Inc.*

      5,696         160,627  
     

 

 

  
Total Trading Companies & Distributors               2,179,529  
Water Utilities – 0.4%      

American States Water Co.

      4,980         179,977  

Artesian Resources Corp. Class A

      1,259         23,657  

California Water Service Group

      10,981         199,964  

Connecticut Water Service, Inc.

      1,628         46,056  

Middlesex Water Co.

      3,173         59,938  

SJW Corp.

      2,772         66,861  

York Water Co.

      2,077         35,932  
     

 

 

  
Total Water Utilities               612,385  
Wireless Telecommunication Services – 0.5%      

NTELOS Holdings Corp.

      8,491         175,764  

Shenandoah Telecommunications Co.

      4,641         51,747  

USA Mobility, Inc.

      30,880         430,158  
     

 

 

  
Total Wireless Telecommunication Services               657,669  

TOTAL COMMON STOCKS

(Cost: $128,738,384)

               146,750,185  
EXCHANGE-TRADED FUND – 0.2%      

WisdomTree MidCap Earnings Fund(a)(b)

(Cost: $236,674)

      4,401         269,473  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      

Invesco Treasury Fund Private Class, 0.02%(c)

(Cost: $30,425)

      30,425         30,425  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.8%      
MONEY MARKET FUND – 8.8%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $12,980,279)(d)      12,980,279       $ 12,980,279  

TOTAL INVESTMENTS IN SECURITIES – 108.8%

(Cost: $141,985,762)

  

  

      160,030,362  

Liabilities in Excess of Other Assets – (8.8)%

  

      (12,903,475 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 147,126,887  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $12,629,839 and the total market value of the collateral held by the Fund was $12,980,279.

 

See Notes to Financial Statements.

 

54   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments

WisdomTree LargeCap Value Fund (EZY)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 100.6%      
COMMON STOCKS – 99.4%      
Aerospace & Defense – 0.5%      

Cubic Corp.

      174       $ 8,227  

Esterline Technologies Corp.*

      307         21,938  

Moog, Inc. Class A*

      395         16,942  

Teledyne Technologies, Inc.*

      364         22,950  

Textron, Inc.

      1,363         37,932  

Triumph Group, Inc.

      492         30,829  
     

 

 

  
Total Aerospace & Defense         138,818  
Air Freight & Logistics – 0.1%      

Atlas Air Worldwide Holdings, Inc.*

      300         14,763  
Airlines – 0.2%      

Alaska Air Group, Inc.*

      1,172         41,981  

JetBlue Airways Corp.*

      2,527         12,357  
     

 

 

  
Total Airlines         54,338  
Auto Components – 1.1%      

BorgWarner, Inc.*

      741         62,496  

Cooper Tire & Rubber Co.

      698         10,624  

Johnson Controls, Inc.

      5,188         168,506  

TRW Automotive Holdings Corp.*

      2,249         104,466  
     

 

 

  
Total Auto Components         346,092  
Automobiles – 0.3%      

Harley-Davidson, Inc.

      1,685         82,700  
Beverages – 0.4%      

Beam, Inc.

      1,058         61,967  

Constellation Brands, Inc. Class A*

      2,383         56,215  
     

 

 

  
Total Beverages         118,182  
Building Products – 0.5%      

Fortune Brands Home & Security, Inc.*

      1,058         23,350  

Owens Corning*

      3,529         127,150  
     

 

 

  
Total Building Products         150,500  
Capital Markets – 0.6%      

Ameriprise Financial, Inc.

      2,525         144,253  

Raymond James Financial, Inc.

      917         33,498  

Stifel Financial Corp.*

      584         22,099  
     

 

 

  
Total Capital Markets         199,850  
Chemicals – 4.2%      

Ashland, Inc.

      802         48,970  

Cabot Corp.

      679         28,980  

CF Industries Holdings, Inc.

      601         109,773  

Cytec Industries, Inc.

      366         22,249  

Dow Chemical Co. (The)

      8,498         294,371  

E.I. du Pont de Nemours & Co.

      7,793         412,250  

Eastman Chemical Co.

      1,572         81,257  

NewMarket Corp.

      159         29,797  

PolyOne Corp.

      1,853         26,683  

PPG Industries, Inc.

      1,122         107,487  

Rockwood Holdings, Inc.*

      684         35,671  

Sensient Technologies Corp.

      363         13,794  

Solutia, Inc.

      1,009         28,191  

Valspar Corp.

      801         38,680  
     

Westlake Chemical Corp.

      474       $ 30,710  
     

 

 

  
Total Chemicals         1,308,863  
Commercial Services & Supplies – 0.4%      

ABM Industries, Inc.

      438         10,643  

Avery Dennison Corp.

      1,123         33,836  

Clean Harbors, Inc.*

      363         24,441  

Deluxe Corp.

      650         15,223  

Geo Group, Inc. (The)*

      530         10,075  

Steelcase, Inc. Class A

      538         5,165  

United Stationers, Inc.

      406         12,598  
     

 

 

  
Total Commercial Services & Supplies         111,981  
Communications Equipment – 0.3%      

EchoStar Corp. Class A*

      720         20,261  

Loral Space & Communications, Inc.*

      860         68,456  
     

 

 

  
Total Communications Equipment         88,717  
Computers & Peripherals – 0.7%      

NCR Corp.*

      1,067         23,164  

SanDisk Corp.*

      3,737         185,318  
     

 

 

  
Total Computers & Peripherals         208,482  
Construction & Engineering – 0.5%      

EMCOR Group, Inc.

      706         19,570  

Fluor Corp.

      1,559         93,602  

KBR, Inc.

      1,234         43,869  

MasTec, Inc.*

      565         10,221  
     

 

 

  
Total Construction & Engineering         167,262  
Consumer Finance – 1.6%      

Capital One Financial Corp.

      7,743         431,595  

Cash America International, Inc.

      398         19,076  

Credit Acceptance Corp.*

      291         29,394  

Ezcorp, Inc. Class A*

      486         15,773  
     

 

 

  
Total Consumer Finance         495,838  
Containers & Packaging – 0.8%      

Ball Corp.

      1,968         84,388  

Bemis Co., Inc.

      947         30,579  

Graphic Packaging Holding Co.*

      1,894         10,455  

Greif, Inc. Class A

      585         32,713  

Rock-Tenn Co. Class A

      458         30,942  

Sealed Air Corp.

      1,603         30,954  

Sonoco Products Co.

      1,061         35,225  
     

 

 

  
Total Containers & Packaging         255,256  
Distributors – 0.2%      

Genuine Parts Co.

      1,169         73,355  
Diversified Consumer Services – 0.1%      

Coinstar, Inc.*(a)

      229         14,553  
Diversified Financial Services – 0.2%      

NASDAQ OMX Group, Inc. (The)*

      2,259         58,508  
Diversified Telecommunication Services – 11.3%      

AT&T, Inc.

      81,202         2,535,938  

Verizon Communications, Inc.

      25,220         964,161  
     

 

 

  
Total Diversified Telecommunication Services         3,500,099  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      55   

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Electric Utilities – 1.4%      

Cleco Corp.

      390       $ 15,463  

Edison International

      4,514         191,890  

El Paso Electric Co.

      381         12,379  

Northeast Utilities

      1,536         57,016  

NV Energy, Inc.

      2,096         33,788  

Pepco Holdings, Inc.

      2,670         50,436  

PNM Resources, Inc.

      1,262         23,095  

Portland General Electric Co.

      670         16,737  

Unisource Energy Corp.

      468         17,115  

Westar Energy, Inc.

      1,067         29,801  
     

 

 

  
Total Electric Utilities         447,720  
Electrical Equipment – 0.4%      

Belden, Inc.

      323         12,245  

EnerSys*

      472         16,355  

General Cable Corp.*

      318         9,247  

GrafTech International Ltd.*

      1,148         13,707  

Hubbell, Inc. Class B

      463         36,383  

Polypore International, Inc.*(a)

      136         4,782  

Regal-Beloit Corp.

      290         19,009  

Thomas & Betts Corp.*

      362         26,031  
     

 

 

  
Total Electrical Equipment         137,759  
Electronic Equipment, Instruments & Components – 1.3%      

Anixter International, Inc.*

      309         22,412  

Arrow Electronics, Inc.*

      1,584         66,480  

Avnet, Inc.*

      2,264         82,387  

FEI Co.*

      252         12,376  

Ingram Micro, Inc. Class A*

      2,005         37,213  

IPG Photonics Corp.*

      116         6,038  

Jabil Circuit, Inc.

      2,260         56,771  

Molex, Inc.

      1,581         44,458  

Tech Data Corp.*

      566         30,711  

TTM Technologies, Inc.*

      590         6,779  

Vishay Intertechnology, Inc.*

      2,664         32,394  
     

 

 

  
Total Electronic Equipment, Instruments & Components         398,019  
Energy Equipment & Services – 2.2%      

Baker Hughes, Inc.

      1,842         77,254  

Bristow Group, Inc.

      389         18,567  

Dresser-Rand Group, Inc.*

      364         16,886  

Halliburton Co.

      5,351         177,600  

Helmerich & Payne, Inc.

      672         36,254  

Lufkin Industries, Inc.

      58         4,678  

National Oilwell Varco, Inc.

      3,034         241,112  

Oil States International, Inc.*

      324         25,291  

Rowan Cos., Inc.*

      1,044         34,379  

SEACOR Holdings, Inc.*

      367         35,151  

Superior Energy Services, Inc.*

      522         13,760  
     

 

 

  
Total Energy Equipment & Services         680,932  
Food & Staples Retailing – 1.5%      

Casey’s General Stores, Inc.

      447         24,791  

Costco Wholesale Corp.

      2,398         217,738  

Harris Teeter Supermarkets, Inc.*

      436         17,484  

Kroger Co. (The)

      6,201         150,250  
     

United Natural Foods, Inc.*

      249       $ 11,618  

Whole Foods Market, Inc.

      588         48,922  
     

 

 

  
Total Food & Staples Retailing         470,803  
Food Products – 1.6%      

Archer-Daniels-Midland Co.

      7,391         233,999  

Corn Products International, Inc.

      720         41,508  

Darling International, Inc.*

      449         7,822  

Hain Celestial Group, Inc. (The)*

      169         7,404  

Hormel Foods Corp.

      2,091         61,726  

TreeHouse Foods, Inc.*

      233         13,863  

Tyson Foods, Inc. Class A

      6,671         127,750  
     

 

 

  
Total Food Products         494,072  
Gas Utilities – 0.5%      

Atmos Energy Corp.

      743         23,375  

ONEOK, Inc.

      698         56,999  

Southwest Gas Corp.

      390         16,668  

UGI Corp.

      984         26,814  

WGL Holdings, Inc.

      431         17,542  
     

 

 

  
Total Gas Utilities         141,398  
Health Care Equipment & Supplies – 0.1%      

Cooper Cos., Inc. (The)

      325         26,556  

Hill-Rom Holdings, Inc.

      481         16,070  
     

 

 

  
Total Health Care Equipment & Supplies         42,626  
Health Care Providers & Services – 9.7%      

Aetna, Inc.

      6,121         307,029  

AMERIGROUP Corp.*

      572         38,484  

AmerisourceBergen Corp.

      2,089         82,892  

Cardinal Health, Inc.

      2,776         119,673  

Centene Corp.*

      402         19,686  

Cigna Corp.

      4,259         209,756  

Community Health Systems, Inc.*

      1,133         25,198  

Coventry Health Care, Inc.

      2,977         105,892  

DaVita, Inc.*

      742         66,906  

Health Net, Inc.*

      811         32,213  

Humana, Inc.

      2,373         219,455  

LifePoint Hospitals, Inc.*

      532         20,982  

Magellan Health Services, Inc.*

      397         19,378  

McKesson Corp.

      2,259         198,272  

Omnicare, Inc.

      1,247         44,356  

Tenet Healthcare Corp.*

      23,892         126,867  

UnitedHealth Group, Inc.

      14,510         855,219  

Universal American Corp.

      1,165         12,559  

Universal Health Services, Inc. Class B

      810         33,947  

WellCare Health Plans, Inc.*

      660         47,441  

WellPoint, Inc.

      5,663         417,929  
     

 

 

  
Total Health Care Providers & Services         3,004,134  
Hotels, Restaurants & Leisure – 0.5%      

Brinker International, Inc.

      716         19,726  

Chipotle Mexican Grill, Inc.*

      82         34,276  

Life Time Fitness, Inc.*

      360         18,205  

Wyndham Worldwide Corp.

      1,578         73,393  
     

 

 

  
Total Hotels, Restaurants & Leisure         145,600  

 

See Notes to Financial Statements.

 

56   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Household Durables – 0.4%      

Jarden Corp.*

      1,029       $ 41,397  

Newell Rubbermaid, Inc.

      4,208         74,944  
     

 

 

  
Total Household Durables         116,341  
Independent Power Producers & Energy Traders – 0.1%      

NRG Energy, Inc.*

      2,784         43,625  
Industrial Conglomerates – 0.1%      

Seaboard Corp.*

      17         33,167  
Insurance – 5.6%      

American Financial Group, Inc.

      1,907         73,572  

Assurant, Inc.

      2,204         89,262  

Chubb Corp. (The)

      4,669         322,675  

CNA Financial Corp.

      5,380         157,795  

CNO Financial Group, Inc.*

      5,293         41,180  

Delphi Financial Group, Inc. Class A

      747         33,443  

Erie Indemnity Co. Class A

      348         27,123  

Kemper Corp.

      883         26,737  

Loews Corp.

      4,077         162,550  

Protective Life Corp.

      1,197         35,455  

Reinsurance Group of America, Inc.

      1,251         74,397  

Symetra Financial Corp.

      1,872         21,584  

Torchmark Corp.

      1,571         78,314  

Travelers Cos., Inc. (The)

      7,122         421,623  

Unum Group

      4,510         110,405  

W.R. Berkley Corp.

      1,892         68,339  
     

 

 

  
Total Insurance         1,744,454  
Internet Software & Services – 0.0%      

Ancestry.com, Inc.*(a)

      136         3,093  
IT Services – 0.6%      

CACI International, Inc. Class A*

      276         17,192  

Convergys Corp.*

      1,488         19,865  

DST Systems, Inc.

      720         39,046  

Fidelity National Information Services, Inc.

      2,561         84,820  

VeriFone Systems, Inc.*

      269         13,953  
     

 

 

  
Total IT Services         174,876  
Leisure Equipment & Products – 0.1%      

Polaris Industries, Inc.

      458         33,045  
Machinery – 5.0%      

Actuant Corp. Class A

      535         15,510  

AGCO Corp.*

      605         28,562  

Caterpillar, Inc.

      3,374         359,399  

Chart Industries, Inc.*

      54         3,960  

Crane Co.

      473         22,941  

Cummins, Inc.

      1,236         148,369  

Deere & Co.

      3,086         249,657  

Dover Corp.

      1,472         92,648  

Eaton Corp.

      2,433         121,236  

Gardner Denver, Inc.

      322         20,292  

Joy Global, Inc.

      690         50,715  

Kennametal, Inc.

      615         27,386  

Lincoln Electric Holdings, Inc.

      448         20,303  

Middleby Corp.

      102         10,320  

Mueller Industries, Inc.

      219         9,954  
     

Parker Hannifin Corp.

      1,236       $ 104,504  

Robbins & Myers, Inc.

      128         6,662  

Snap-On, Inc.

      458         27,924  

SPX Corp.

      445         34,501  

Stanley Black & Decker, Inc.

      1,331         102,434  

Timken Co. (The)

      784         39,780  

Trinity Industries, Inc.

      289         9,523  

WABCO Holdings, Inc.*

      370         22,378  

Wabtec Corp.

      252         18,993  

Watts Water Technologies, Inc. Class A

      332         13,529  
     

 

 

  
Total Machinery         1,561,480  
Media – 5.6%      

CBS Corp. Class B

      4,269         144,762  

Comcast Corp. Class A

      20,184         605,722  

Interpublic Group of Cos., Inc. (The)

      2,720         31,035  

News Corp. Class A

      26,399         519,796  

Time Warner Cable, Inc.

      2,501         203,831  

Viacom, Inc. Class B

      5,043         239,341  
     

 

 

  
Total Media         1,744,487  
Metals & Mining – 0.2%      

Globe Specialty Metals, Inc.

      180         2,677  

Reliance Steel & Aluminum Co.

      482         27,223  

Schnitzer Steel Industries, Inc. Class A

      174         6,942  

SunCoke Energy, Inc.*

      396         5,627  

Worthington Industries, Inc.

      547         10,491  
     

 

 

  
Total Metals & Mining         52,960  
Multiline Retail – 1.7%      

Big Lots, Inc.*

      692         29,770  

Dillard’s, Inc. Class A

      566         35,669  

Dollar General Corp.*

      2,672         123,446  

Dollar Tree, Inc.*

      992         93,734  

Family Dollar Stores, Inc.

      958         60,622  

Macy’s, Inc.

      4,987         198,134  
     

 

 

  
Total Multiline Retail         541,375  
Multi-Utilities – 1.3%      

Alliant Energy Corp.

      1,062         46,006  

Ameren Corp.

      3,430         111,749  

Avista Corp.

      571         14,606  

CenterPoint Energy, Inc.

      3,371         66,476  

CMS Energy Corp.

      2,385         52,470  

NiSource, Inc.

      2,797         68,107  

OGE Energy Corp.

      786         42,051  
     

 

 

  
Total Multi-Utilities         401,465  
Office Electronics – 0.4%      

Xerox Corp.

      14,748         119,164  
Oil, Gas & Consumable Fuels – 29.2%      

Chevron Corp.

      24,685         2,647,219  

ConocoPhillips

      13,465         1,023,475  

CVR Energy, Inc.*

      164         4,387  

El Paso Corp.

      6,578         194,380  

Exxon Mobil Corp.

      48,707         4,224,358  

Gulfport Energy Corp.*

      168         4,892  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      57   

Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Value Fund (EZY)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Hess Corp.

      4,063       $ 239,514  

HollyFrontier Corp.

      422         13,567  

Marathon Oil Corp.

      7,071         224,151  

Marathon Petroleum Corp.

      3,506         152,020  

Murphy Oil Corp.

      1,465         82,436  

Sunoco, Inc.

      747         28,498  

Williams Cos., Inc. (The)

      5,235         161,290  

World Fuel Services Corp.

      546         22,386  

WPX Energy, Inc.*

      1,744         31,410  
     

 

 

  
Total Oil, Gas & Consumable Fuels         9,053,983  
Paper & Forest Products – 0.7%      

International Paper Co.

      4,662         163,636  

MeadWestvaco Corp.

      1,394         44,037  
     

 

 

  
Total Paper & Forest Products         207,673  
Pharmaceuticals – 0.5%      

Endo Pharmaceuticals Holdings, Inc.*

      895         34,663  

Impax Laboratories, Inc.*

      1,183         29,078  

Viropharma, Inc.*

      829         24,928  

Watson Pharmaceuticals, Inc.*

      816         54,721  
     

 

 

  
Total Pharmaceuticals         143,390  
Road & Rail – 0.9%      

AMERCO

      201         21,208  

Avis Budget Group, Inc.*

      971         13,740  

CSX Corp.

      8,374         180,208  

Dollar Thrifty Automotive Group, Inc.*

      286         23,140  

Genesee & Wyoming, Inc. Class A*

      205         11,189  

Old Dominion Freight Line, Inc.*

      268         12,776  

Ryder System, Inc.

      353         18,638  
     

 

 

  
Total Road & Rail         280,899  
Semiconductors & Semiconductor Equipment – 0.8%      

Cirrus Logic, Inc.*

      629         14,970  

Cymer, Inc.*

      224         11,200  

Diodes, Inc.*

      279         6,467  

GT Advanced Technologies, Inc.*

      2,136         17,665  

Micron Technology, Inc.*

      15,507         125,607  

MKS Instruments, Inc.

      563         16,625  

RF Micro Devices, Inc.*

      3,021         15,045  

Skyworks Solutions, Inc.*

      810         22,396  

TriQuint Semiconductor, Inc.*

      2,105         14,514  
     

 

 

  
Total Semiconductors & Semiconductor Equipment         244,489  
Software – 0.0%      

TIBCO Software, Inc.*

      402         12,261  
Specialty Retail – 1.9%      

Advance Auto Parts, Inc.

      726         64,302  

ANN, Inc.*

      318         9,107  

Ascena Retail Group, Inc.*

      721         31,955  

AutoNation, Inc.*(a)

      1,043         35,785  

Cabela’s, Inc.*

      693         26,438  

CarMax, Inc.*

      1,519         52,633  

Dick’s Sporting Goods, Inc.

      647         31,108  

DSW, Inc. Class A

      335         18,348  

Foot Locker, Inc.

      1,183         36,732  

GameStop Corp. Class A(a)

      2,188         47,786  
     

JOS A Bank Clothiers, Inc.*

      195       $ 9,830  

O’Reilly Automotive, Inc.*

      1,036         94,639  

Penske Automotive Group, Inc.

      775         19,088  

Rent-A-Center, Inc.

      761         28,728  

Tractor Supply Co.

      366         33,145  

Ulta Salon Cosmetics & Fragrance, Inc.

      215         19,971  

Williams-Sonoma, Inc.

      629         23,575  
     

 

 

  
Total Specialty Retail         583,170  
Textiles, Apparel & Luxury Goods – 0.8%      

Deckers Outdoor Corp.*(a)

      234         14,754  

Fossil, Inc.*

      364         48,041  

PVH Corp.

      714         63,781  

Ralph Lauren Corp.

      628         109,479  

Steven Madden Ltd.*

      281         12,013  

Under Armour, Inc. Class A*

      111         10,434  
     

 

 

  
Total Textiles, Apparel & Luxury Goods         258,502  
Trading Companies & Distributors – 0.1%      

Applied Industrial Technologies, Inc.

      417         17,151  

GATX Corp.

      233         9,390  

WESCO International, Inc.*

      281         18,352  
     

 

 

  
Total Trading Companies & Distributors         44,893  
Water Utilities – 0.1%      

American Water Works Co., Inc.

      1,279         43,524  
Wireless Telecommunication Services – 0.1%      

MetroPCS Communications, Inc.*

      2,598         23,434  

TOTAL COMMON STOCKS

(Cost: $27,188,556)

               30,816,970  
EXCHANGE-TRADED FUNDS – 0.6%      

WisdomTree Earnings 500 Fund(a)(b)

      2,650         130,986  

WisdomTree MidCap Earnings Fund(b)

      912         55,842  
     

 

 

  

TOTAL EXCHANGE-TRADED FUNDS

(Cost: $167,439)

               186,828  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      

Invesco Treasury Fund Private Class, 0.02%(c)

(Cost: $574)

      574         574  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%      
MONEY MARKET FUND – 0.6%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $195,089)(d)      195,089         195,089  

TOTAL INVESTMENTS IN SECURITIES – 100.6%

(Cost: $27,551,658)

         31,199,461  

Liabilities in Excess of Other Assets – (0.6)%

  

      (184,004 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 31,015,457  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $190,055 and the total market value of the collateral held by the Fund was $195,089.

 

See Notes to Financial Statements.

 

58   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments

WisdomTree LargeCap Growth Fund (ROI)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
UNITED STATES – 100.8%      
COMMON STOCKS – 99.9%      
Aerospace & Defense – 0.3%      

Cubic Corp.

      126       $ 5,957  

HEICO Corp.

      109         5,623  

TransDigm Group, Inc.*

      232         26,857  

Triumph Group, Inc.

      306         19,174  
     

 

 

  
Total Aerospace & Defense               57,611  
Air Freight & Logistics – 0.3%      

Atlas Air Worldwide Holdings, Inc.*

      206         10,137  

C.H. Robinson Worldwide, Inc.

      462         30,257  

Expeditors International of Washington, Inc.

      606         28,185  
     

 

 

  
Total Air Freight & Logistics               68,579  
Airlines – 0.1%      

Alaska Air Group, Inc.*

      774         27,725  
Auto Components – 0.6%      

BorgWarner, Inc.*

      488         41,158  

Cooper Tire & Rubber Co.

      479         7,290  

Gentex Corp.

      439         10,756  

TRW Automotive Holdings Corp.*

      1,502         69,768  
     

 

 

  
Total Auto Components               128,972  
Automobiles – 0.0%      

Thor Industries, Inc.

      268         8,458  
Beverages – 3.7%      

Coca-Cola Enterprises, Inc.

      2,375         67,925  

Monster Beverage Corp.*

      594         36,881  

PepsiCo, Inc.

      9,702         643,727  
     

 

 

  
Total Beverages               748,533  
Biotechnology – 0.7%      

Alexion Pharmaceuticals, Inc.*

      167         15,508  

Celgene Corp.*

      1,463         113,411  

United Therapeutics Corp.*

      138         6,504  
     

 

 

  
Total Biotechnology               135,423  
Building Products – 0.4%      

Owens Corning*

      2,345         84,490  
Capital Markets – 2.7%      

Affiliated Managers Group, Inc.*

      115         12,858  

Ameriprise Financial, Inc.

      1,689         96,493  

BlackRock, Inc.

      974         199,573  

Franklin Resources, Inc.

      1,129         140,030  

Raymond James Financial, Inc.

      619         22,612  

Stifel Financial Corp.*

      397         15,022  

T. Rowe Price Group, Inc.

      884         57,725  

Waddell & Reed Financial, Inc. Class A

      347         11,246  
     

 

 

  
Total Capital Markets               555,559  
Chemicals – 3.4%      

Albemarle Corp.

      514         32,855  

Cabot Corp.

      461         19,675  

Celanese Corp. Series A

      1,065         49,182  

CF Industries Holdings, Inc.

      399         72,877  

E.I. du Pont de Nemours & Co.

      5,162         273,070  
     

Eastman Chemical Co.

      1,042       $ 53,861  

Mosaic Co. (The)

      1,803         99,688  

NewMarket Corp.

      102         19,115  

PolyOne Corp.

      1,181         17,006  

Rockwood Holdings, Inc.*

      442         23,050  

Solutia, Inc.

      688         19,223  

Westlake Chemical Corp.

      321         20,798  
     

 

 

  
Total Chemicals               700,400  
Commercial Banks – 0.1%      

Signature Bank*

      159         10,023  

SVB Financial Group*

      146         9,394  
     

 

 

  
Total Commercial Banks               19,417  
Commercial Services & Supplies – 0.3%      

Clean Harbors, Inc.*

      228         15,351  

Deluxe Corp.

      447         10,469  

Herman Miller, Inc.

      238         5,464  

Portfolio Recovery Associates, Inc.*

      78         5,594  

Steelcase, Inc. Class A

      396         3,802  

Stericycle, Inc.*

      218         18,234  
     

 

 

  
Total Commercial Services & Supplies               58,914  
Communications Equipment – 0.7%      

Acme Packet, Inc.*

      57         1,569  

ADTRAN, Inc.

      240         7,486  

EchoStar Corp. Class A*

      490         13,789  

F5 Networks, Inc.*

      164         22,133  

InterDigital, Inc.

      297         10,353  

Juniper Networks, Inc.*

      1,473         33,702  

Loral Space & Communications, Inc.*

      568         45,213  

Polycom, Inc.*

      290         5,530  

Riverbed Technology, Inc.*

      115         3,229  
     

 

 

  
Total Communications Equipment               143,004  
Computers & Peripherals – 14.6%      

Apple, Inc.*

      4,352         2,608,894  

EMC Corp.*

      6,671         199,330  

NCR Corp.*

      669         14,524  

NetApp, Inc.*

      1,127         50,456  

SanDisk Corp.*

      2,471         122,537  
     

 

 

  
Total Computers & Peripherals               2,995,741  
Construction & Engineering – 0.0%      

MasTec, Inc.*

      395         7,146  
Consumer Finance – 0.1%      

Credit Acceptance Corp.*

      199         20,101  

Ezcorp, Inc. Class A*

      335         10,872  
     

 

 

  
Total Consumer Finance               30,973  
Containers & Packaging – 0.6%      

Ball Corp.

      1,316         56,430  

Bemis Co., Inc.

      609         19,665  

Greif, Inc. Class A

      396         22,144  

Rock-Tenn Co. Class A

      293         19,795  
     

 

 

  
Total Containers & Packaging               118,034  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      59   

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Growth Fund (ROI)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Diversified Consumer Services – 0.1%      

Coinstar, Inc.*(a)

      143       $ 9,088  

Sotheby’s

      297         11,684  
     

 

 

  
Total Diversified Consumer Services               20,772  
Diversified Financial Services – 0.7%      

Leucadia National Corp.

      4,734         123,558  

MSCI, Inc. Class A*

      319         11,742  
     

 

 

  
Total Diversified Financial Services               135,300  
Diversified Telecommunication Services – 0.7%      

CenturyLink, Inc.

      2,360         91,214  

Frontier Communications Corp.(a)

      3,107         12,956  

Windstream Corp.

      2,787         32,636  
     

 

 

  
Total Diversified Telecommunication Services               136,806  
Electric Utilities – 0.1%      

Cleco Corp.

      271         10,745  
Electrical Equipment – 0.7%      

AMETEK, Inc.

      576         27,942  

EnerSys*

      273         9,459  

General Cable Corp.*

      196         5,700  

GrafTech International Ltd.*

      782         9,337  

II-VI, Inc.*

      250         5,913  

Polypore International, Inc.*(a)

      96         3,375  

Rockwell Automation, Inc.

      486         38,734  

Roper Industries, Inc.

      338         33,516  
     

 

 

  
Total Electrical Equipment               133,976  
Electronic Equipment, Instruments &
Components – 1.3%		       

Amphenol Corp. Class A

      832         49,729  

Arrow Electronics, Inc.*

      1,059         44,446  

Avnet, Inc.*

      1,514         55,095  

IPG Photonics Corp.*

      86         4,476  

Jabil Circuit, Inc.

      1,465         36,801  

Molex, Inc.

      1,018         28,626  

National Instruments Corp.

      296         8,442  

Trimble Navigation Ltd.*

      194         10,557  

TTM Technologies, Inc.*

      416         4,780  

Vishay Intertechnology, Inc.*

      1,789         21,754  
     

 

 

  
Total Electronic Equipment, Instruments & Components               264,706  
Energy Equipment & Services – 2.0%      

Baker Hughes, Inc.

      1,234         51,754  

CARBO Ceramics, Inc.(a)

      55         5,800  

Halliburton Co.

      3,525         116,995  

Helmerich & Payne, Inc.

      433         23,360  

Lufkin Industries, Inc.

      45         3,629  

National Oilwell Varco, Inc.

      2,004         159,258  

Oil States International, Inc.*

      216         16,861  

SEACOR Holdings, Inc.*

      236         22,604  

Superior Energy Services, Inc.*

      327         8,620  
     

 

 

  
Total Energy Equipment & Services               408,881  
     
Food & Staples Retailing – 0.2%      

United Natural Foods, Inc.*

      149       $ 6,952  

Whole Foods Market, Inc.

      380         31,616  
     

 

 

  
Total Food & Staples Retailing               38,568  
Food Products – 0.2%      

Corn Products International, Inc.

      466         26,865  

Darling International, Inc.*

      325         5,662  

Green Mountain Coffee Roasters, Inc.*(a)

      141         6,604  
     

 

 

  
Total Food Products               39,131  
Gas Utilities – 0.2%      

ONEOK, Inc.

      460         37,563  
Health Care Equipment & Supplies – 0.4%      

Cooper Cos., Inc. (The)

      209         17,077  

Edwards Lifesciences Corp.*

      252         18,328  

Intuitive Surgical, Inc.*

      93         50,383  
     

 

 

  
Total Health Care Equipment & Supplies               85,788  
Health Care Providers & Services – 1.9%      

AMERIGROUP Corp.*

      378         25,432  

Catalyst Health Solutions, Inc.*

      135         8,604  

Express Scripts Holding Co.*

      2,056         111,394  

Health Management Associates, Inc. Class A*

      1,376         9,247  

HMS Holdings Corp.*

      152         4,744  

Humana, Inc.

      1,573         145,470  

Tenet Healthcare Corp.*

      15,888         84,365  
     

 

 

  
Total Health Care Providers & Services               389,256  
Health Care Technology – 0.0%      

Allscripts Healthcare Solutions, Inc.*

      126         2,092  

athenahealth, Inc.*(a)

      31         2,298  

Quality Systems, Inc.

      116         5,072  
     

 

 

  
Total Health Care Technology               9,462  
Hotels, Restaurants & Leisure – 1.8%      

Chipotle Mexican Grill, Inc.*

      57         23,826  

Panera Bread Co. Class A*

      78         12,552  

Starbucks Corp.

      2,665         148,947  

Vail Resorts, Inc.

      74         3,201  

Wynn Resorts Ltd.

      146         18,232  

Yum! Brands, Inc.

      2,159         153,677  
     

 

 

  
Total Hotels, Restaurants & Leisure               360,435  
Household Durables – 0.1%      

Tempur-Pedic International, Inc.*

      240         20,263  
Household Products – 0.3%      

Clorox Co. (The)

      798         54,863  
Industrial Conglomerates – 0.1%      

Seaboard Corp.*

      11         21,461  
Internet & Catalog Retail – 0.9%      

Amazon.com, Inc.*

      555         112,393  

Netflix, Inc.*

      58         6,672  

priceline.com, Inc.*

      92         66,010  

Shutterfly, Inc.*

      27         846  
     

 

 

  
Total Internet & Catalog Retail               185,921  

 

See Notes to Financial Statements.

 

60   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Growth Fund (ROI)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Internet Software & Services – 0.1%      

Ancestry.com, Inc.*(a)

      104       $ 2,365  

OpenTable, Inc.*(a)

      13         526  

Rackspace Hosting, Inc.*

      92         5,317  

VeriSign, Inc.

      204         7,821  
     

 

 

  
Total Internet Software & Services               16,029  
IT Services – 1.5%      

Cognizant Technology Solutions Corp. Class A*

      805         61,945  

DST Systems, Inc.

      465         25,217  

Fidelity National Information Services, Inc.

      1,712         56,701  

Gartner, Inc.*

      226         9,637  

Jack Henry & Associates, Inc.

      345         11,771  

Syntel, Inc.

      192         10,752  

Teradata Corp.*

      529         36,051  

VeriFone Systems, Inc.*

      185         9,596  

Western Union Co. (The)

      4,071         71,650  

Wright Express Corp.*

      147         9,515  
     

 

 

  
Total IT Services               302,835  
Leisure Equipment & Products – 0.1%      

Polaris Industries, Inc.

      299         21,573  
Life Sciences Tools & Services – 0.6%      

Agilent Technologies, Inc.

      1,714         76,291  

Bruker Corp.*

      479         7,333  

Illumina, Inc.*(a)

      162         8,523  

Mettler-Toledo International, Inc.*(a)

      119         21,985  
     

 

 

  
Total Life Sciences Tools & Services               114,132  
Machinery – 4.8%      

Caterpillar, Inc.

      2,240         238,606  

Chart Industries, Inc.*

      46         3,373  

Cummins, Inc.

      821         98,553  

Deere & Co.

      2,039         164,955  

Donaldson Co., Inc.

      622         22,224  

Dover Corp.

      982         61,807  

Gardner Denver, Inc.

      206         12,982  

Graco, Inc.

      206         10,930  

Joy Global, Inc.

      450         33,075  

Kennametal, Inc.

      392         17,456  

Lincoln Electric Holdings, Inc.

      309         14,004  

Middleby Corp.*

      74         7,487  

Mueller Industries, Inc.

      155         7,045  

Nordson Corp.

      295         16,080  

Oshkosh Corp.*

      2,049         47,475  

PACCAR, Inc.

      802         37,558  

Parker Hannifin Corp.

      825         69,754  

Robbins & Myers, Inc.

      94         4,893  

Stanley Black & Decker, Inc.

      889         68,417  

Timken Co. (The)

      523         26,537  

WABCO Holdings, Inc.*

      253         15,301  

Wabtec Corp.

      158         11,908  
     

 

 

  
Total Machinery               990,420  
Marine – 0.0%      

Alexander & Baldwin, Inc.

      85         4,118  
     
Media – 0.7%      

CBS Corp. Class B

      2,838       $ 96,237  

Scripps Networks Interactive, Inc. Class A

      793         38,611  
     

 

 

  
Total Media               134,848  
Metals & Mining – 2.5%      

Allegheny Technologies, Inc.

      94         3,870  

Allied Nevada Gold Corp.*

      78         2,537  

Cliffs Natural Resources, Inc.

      928         64,273  

Compass Minerals International, Inc.

      149         10,689  

Freeport-McMoRan Copper & Gold, Inc.

      7,322         278,529  

Globe Specialty Metals, Inc.

      139         2,067  

Hecla Mining Co.(a)

      335         1,548  

Royal Gold, Inc.

      86         5,609  

Schnitzer Steel Industries, Inc. Class A

      124         4,947  

Southern Copper Corp.

      3,732         118,342  

SunCoke Energy, Inc.*

      254         3,609  

Walter Energy, Inc.

      260         15,395  
     

 

 

  
Total Metals & Mining               511,415  
Multiline Retail – 0.4%      

Dillard’s, Inc. Class A

      364         22,939  

Dollar Tree, Inc.*

      663         62,647  
     

 

 

  
Total Multiline Retail               85,586  
Multi-Utilities – 0.1%      

OGE Energy Corp.

      521         27,874  
Office Electronics – 0.0%      

Zebra Technologies Corp. Class A*

      240         9,883  
Oil, Gas & Consumable Fuels – 28.0%      

Alpha Natural Resources, Inc.*

      193         2,936  

Arch Coal, Inc.

      322         3,449  

Berry Petroleum Co. Class A

      46         2,168  

Chevron Corp.

      16,314         1,749,513  

Concho Resources, Inc.*

      166         16,945  

ConocoPhillips

      8,898         676,337  

Continental Resources, Inc.*

      218         18,709  

CVR Energy, Inc.

      128         3,424  

El Paso Corp.

      4,362         128,897  

EOG Resources, Inc.

      125         13,888  

Exxon Mobil Corp.

      32,199         2,792,618  

Gulfport Energy Corp.*

      126         3,669  

HollyFrontier Corp.

      290         9,324  

Marathon Oil Corp.

      4,670         148,039  

Marathon Petroleum Corp.

      2,354         102,069  

Northern Oil and Gas, Inc.*

      23         477  

Peabody Energy Corp.

      1,075         31,132  

Sunoco, Inc.

      480         18,312  

World Fuel Services Corp.

      344         14,104  
     

 

 

  
Total Oil, Gas & Consumable Fuels               5,736,010  
Personal Products – 0.4%      

Estee Lauder Cos., Inc. (The) Class A

      1,306         80,894  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      61   

Table of Contents

Schedule of Investments (continued)

WisdomTree LargeCap Growth Fund (ROI)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Pharmaceuticals – 7.0%      

Endo Pharmaceuticals Holdings, Inc.*

      608       $ 23,548  

Impax Laboratories, Inc.*

      800         19,664  

Merck & Co., Inc.

      33,764         1,296,538  

Perrigo Co.

      309         31,923  

Viropharma, Inc.*

      576         17,320  

Watson Pharmaceuticals, Inc.*

      547         36,682  
     

 

 

  
Total Pharmaceuticals               1,425,675  
Professional Services – 0.1%      

Corporate Executive Board Co. (The)

      115         4,946  

IHS, Inc. Class A*

      163         15,265  
     

 

 

  
Total Professional Services               20,211  
Real Estate Investment Trusts (REITs) – 0.0%      

Entertainment Properties Trust

      198         9,183  
Real Estate Management & Development – 0.1%      

CBRE Group, Inc. Class A*

      730         14,571  
Road & Rail – 2.4%      

AMERCO

      147         15,510  

Avis Budget Group, Inc.*

      668         9,452  

CSX Corp.

      5,517         118,726  

Dollar Thrifty Automotive Group, Inc.*

      209         16,910  

Genesee & Wyoming, Inc. Class A*

      143         7,805  

Kansas City Southern*

      406         29,106  

Old Dominion Freight Line, Inc.*

      191         9,105  

Union Pacific Corp.

      2,584         277,729  
     

 

 

  
Total Road & Rail               484,343  
Semiconductors & Semiconductor Equipment – 4.9%      

Altera Corp.

      1,608         64,031  

Amkor Technology, Inc.*(a)

      3,500         21,508  

Analog Devices, Inc.

      1,872         75,629  

Applied Materials, Inc.

      8,777         109,186  

Broadcom Corp. Class A*

      2,627         103,241  

Cirrus Logic, Inc.*

      441         10,496  

Cymer, Inc.*

      157         7,850  

Diodes, Inc.*

      197         4,566  

First Solar, Inc.*(a)

      407         10,195  

GT Advanced Technologies, Inc.*

      1,363         11,272  

Hittite Microwave Corp.*

      107         5,811  

Maxim Integrated Products, Inc.

      1,654         47,288  

Microchip Technology, Inc.(a)

      888         33,034  

Micron Technology, Inc.*

      10,389         84,151  

Microsemi Corp.*

      291         6,239  

MKS Instruments, Inc.

      388         11,458  

ON Semiconductor Corp.*

      2,977         26,823  

RF Micro Devices, Inc.*

      1,922         9,572  

Semtech Corp.*

      280         7,969  

Skyworks Solutions, Inc.*

      553         15,290  

SunPower Corp.*(a)

      455         2,903  

Texas Instruments, Inc.

      7,996         268,745  

TriQuint Semiconductor, Inc.*

      1,435         9,894  

Xilinx, Inc.

      1,801         65,610  
     

 

 

  
Total Semiconductors & Semiconductor Equipment               1,012,761  
     
Software – 3.9%      

Ariba, Inc.*

      58       $ 1,897  

Autodesk, Inc.*

      454         19,213  

Citrix Systems, Inc.*

      325         25,646  

CommVault Systems, Inc.*

      49         2,432  

Fortinet, Inc.*

      176         4,866  

Informatica Corp.*

      149         7,882  

MICROS Systems, Inc.*

      222         12,274  

MicroStrategy, Inc. Class A*

      28         3,920  

Oracle Corp.

      22,123         645,108  

Red Hat, Inc.*

      214         12,816  

Salesforce.com, Inc.*

      42         6,489  

SolarWinds, Inc.*

      169         6,532  

Synchronoss Technologies, Inc.*

      32         1,021  

TIBCO Software, Inc.*

      283         8,632  

VMware, Inc. Class A*

      364         40,903  
     

 

 

  
Total Software               799,631  
Specialty Retail – 0.7%      

Advance Auto Parts, Inc.

      480         42,513  

AutoNation, Inc.*(a)

      689         23,640  

Dick’s Sporting Goods, Inc.

      411         19,761  

DSW, Inc. Class A

      215         11,776  

Tractor Supply Co.

      233         21,100  

Ulta Salon Cosmetics & Fragrance, Inc.*

      134         12,447  

Williams-Sonoma, Inc.

      429         16,079  
     

 

 

  
Total Specialty Retail               147,316  
Textiles, Apparel & Luxury Goods – 1.0%      

Deckers Outdoor Corp.*(a)

      147         9,268  

Fossil, Inc.*

      237         31,279  

Hanesbrands, Inc.*

      724         21,387  

Iconix Brand Group, Inc.*

      345         5,996  

PVH Corp.

      465         41,538  

Ralph Lauren Corp.

      417         72,697  

Steven Madden Ltd.*

      199         8,507  

Under Armour, Inc. Class A*(a)

      85         7,990  
     

 

 

  
Total Textiles, Apparel & Luxury Goods               198,662  
Trading Companies & Distributors – 0.2%      

MSC Industrial Direct Co. Class A

      204         16,989  

Watsco, Inc.

      101         7,478  

WESCO International, Inc.*

      175         11,429  
     

 

 

  
Total Trading Companies & Distributors               35,896  
Wireless Telecommunication Services – 0.1%      

MetroPCS Communications, Inc.*

      1,747         15,758  
TOTAL COMMON STOCKS
(Cost: $18,428,212)		               20,442,500  

 

See Notes to Financial Statements.

 

62   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree LargeCap Growth Fund (ROI)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9%      
MONEY MARKET FUND – 0.9%      

Dreyfus Institutional Preferred Money Market Fund,

0.18%(b)
(Cost: $176,644)(c)

      176,644       $ 176,644  
TOTAL INVESTMENTS IN SECURITIES – 100.8%
(Cost: $18,604,856)		         20,619,144  

Liabilities in Excess of Other Assets – (0.8)%

         (158,406 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 20,460,738  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(c) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $172,254 and the total market value of the collateral held by the Fund was $176,644.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      63   

Table of Contents

Schedule of Investments

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
INDIA – 99.8%      
COMMON STOCKS – 99.8%      
Aerospace & Defense – 0.2%      

Bharat Electronics Ltd.

      65,903       $ 1,972,562  
Auto Components – 0.6%      

Amtek Auto Ltd.

      648,171         1,691,517  

Bharat Forge Ltd.

      288,913         1,815,028  

Exide Industries Ltd.

      688,483         2,016,325  
     

 

 

  
Total Auto Components         5,522,870  
Automobiles – 8.8%      

Bajaj Auto Ltd.

      224,194         7,387,906  

Hero Motocorp Ltd.

      152,250         6,142,150  

Mahindra & Mahindra Ltd.

      817,922         11,241,711  

Maruti Suzuki India Ltd.

      228,857         6,066,766  

Tata Motors Ltd.

      9,289,415         50,189,645  
     

 

 

  
Total Automobiles         81,028,178  
Building Products – 0.2%      

Sintex Industries Ltd.

      1,137,449         1,925,704  
Capital Markets – 0.2%      

Future Capital Holdings Ltd.

      61,958         146,610  

India Infoline Ltd.*

      1,091,246         1,433,003  

JM Financial Ltd.

      519,032         158,934  
     

 

 

  
Total Capital Markets         1,738,547  
Chemicals – 1.1%      

Asian Paints Ltd.

      38,166         2,428,779  

Coromandel International Ltd.

      280,253         1,560,384  

Gujarat Narmada Valley Fertilizers Co., Ltd.

      29         46  

Gujarat State Fertilisers & Chemicals Ltd.

      217,613         1,808,779  

Tata Chemicals Ltd.

      286,449         1,949,113  

United Phosphorus Ltd.

      927,482         2,368,543  
     

 

 

  
Total Chemicals         10,115,644  
Commercial Banks – 17.1%      

Allahabad Bank

      782,487         2,857,625  

Andhra Bank

      1,432,437         3,350,179  

Axis Bank Ltd.

      639,026         14,377,301  

Bank of Baroda

      461,885         7,218,171  

Bank of India

      726,902         5,174,424  

Canara Bank

      827,559         7,728,974  

Central Bank of India

      1,156,182         2,288,762  

Corp. Bank

      275,837         2,300,040  

Dena Bank Ltd.

      953,778         1,685,891  

Federal Bank Ltd.

      352,958         2,954,884  

HDFC Bank Ltd.

      1,806,198         18,430,700  

ICICI Bank Ltd.

      1,519,610         26,553,280  

IDBI Bank Ltd.

      1,556,762         3,199,391  

Indian Bank

      800,289         3,832,967  

Indian Overseas Bank

      1,103,278         2,042,185  

IndusInd Bank Ltd.

      598,716         3,780,096  

Jammu & Kashmir Bank Ltd.

      158,381         2,857,045  

Karnataka Bank Ltd.

      747,485         1,403,414  

Oriental Bank of Commerce

      487,575         2,418,016  

Punjab & Sind Bank

      123,180         181,343  

Punjab National Bank

      213,780         3,881,568  
     

South Indian Bank Ltd.

      4,218,813       $ 2,045,435  

State Bank of India

      491,850         20,239,273  

Syndicate Bank

      1,230,915         2,683,151  

UCO Bank

      1,438,649         2,235,137  

Union Bank of India Ltd.

      1,043,243         4,828,672  

United Bank of India Ltd.

      131,606         186,643  

Vijaya Bank Ltd.

      1,184,465         1,358,955  

Yes Bank Ltd.

      622,466         4,506,143  
     

 

 

  
Total Commercial Banks         156,599,665  
Construction & Engineering – 1.6%      

Era Infra Engineering Ltd.

      493,985         1,334,715  

IRB Infrastructure Developers Ltd.

      420,492         1,542,230  

Lanco Infratech Ltd.*

      4,142,192         1,479,790  

Larsen & Toubro Ltd.

      288,044         7,401,111  

NCC Ltd.

      1,559,021         1,724,425  

Voltas Ltd.

      629,565         1,387,156  
     

 

 

  
Total Construction & Engineering         14,869,427  
Construction Materials – 1.6%      

ACC Ltd.

      112,953         3,014,112  

Ambuja Cements Ltd.

      1,355,761         4,582,629  

Grasim Industries Ltd.

      59,892         3,088,415  

Ultratech Cement Ltd.

      133,354         3,964,497  
     

 

 

  
Total Construction Materials         14,649,653  
Consumer Finance – 0.9%      

Mahindra & Mahindra Financial Services Ltd.

      164,154         2,160,150  

Manappuram Finance Ltd.

      1,639,375         979,860  

Shriram Transport Finance Co., Ltd.

      439,301         5,180,293  

SKS Microfinance Ltd.*

      111,843         259,932  
     

 

 

  
Total Consumer Finance         8,580,235  
Containers & Packaging – 0.2%      

Uflex Ltd.

      903,146         2,037,818  
Diversified Consumer Services – 0.1%      

Educomp Solutions Ltd.

      235,486         892,346  
Diversified Financial Services – 3.2%      

Bajaj Holdings and Investment Ltd.

      352,257         5,636,319  

Indiabulls Financial Services Ltd.

      1,303,159         5,297,561  

Kotak Mahindra Bank Ltd.

      570,226         6,104,088  

Reliance Capital Ltd.

      228,636         1,761,051  

Rural Electrification Corp., Ltd.

      2,329,114         9,390,519  

SREI Infrastructure Finance Ltd.

      1,516,530         773,968  
     

 

 

  
Total Diversified Financial Services         28,963,506  
Diversified Telecommunication Services – 0.1%      

Tulip Telecom Ltd.

      445,106         804,677  
Electric Utilities – 2.6%      

CESC Ltd.

      286,895         1,530,069  

Indiabulls Infrastructure and Power Ltd.*†

      2,455,942         373,398  

Power Grid Corp. of India Ltd.

      2,785,848         5,914,014  

Reliance Infrastructure Ltd.

      661,055         7,620,072  

Tata Power Co., Ltd.

      3,267,433         6,474,578  

Torrent Power Ltd.

      506,903         2,007,413  
     

 

 

  
Total Electric Utilities         23,919,544  

 

See Notes to Financial Statements.

 

64   WisdomTree Domestic and International Earnings Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Electrical Equipment – 1.2%      

Bharat Heavy Electricals Ltd.

      1,783,613       $ 9,002,966  

Crompton Greaves Ltd.

      713,104         1,933,058  
     

 

 

  
Total Electrical Equipment         10,936,024  
Food Products – 0.6%      

Balrampur Chini Mills Ltd.

      1,359,518         1,527,773  

Nestle India Ltd.

      21,747         1,976,675  

Shree Renuka Sugars Ltd.

      2,823,618         1,748,653  
     

 

 

  
Total Food Products         5,253,101  
Gas Utilities – 0.9%      

GAIL India Ltd.

      954,287         7,047,806  

Gujarat State Petronet Ltd.

      613,391         921,080  
     

 

 

  
Total Gas Utilities         7,968,886  
Health Care Equipment & Supplies – 0.2%      

Opto Circuits India Ltd.

      471,686         1,865,632  
Household Products – 1.2%      

Hindustan Unilever Ltd.

      1,355,032         10,906,485  
Independent Power Producers & Energy Traders – 1.9%      

Adani Power Ltd.*

      626,850         842,855  

GVK Power & Infrastructure Ltd.*

      1,293,252         441,704  

JSW Energy Ltd.

      1,885,031         2,268,179  

NHPC Ltd.

      5,631,539         2,177,668  

NTPC Ltd.

      3,600,400         11,501,916  
     

 

 

  
Total Independent Power Producers & Energy Traders         17,232,322  
Industrial Conglomerates – 1.3%      

Aditya Birla Nuvo Ltd.

      106,915         1,982,371  

Jaiprakash Associates Ltd.

      5,060,874         8,116,074  

Siemens Ltd.

      105,195         1,568,272  
     

 

 

  
Total Industrial Conglomerates         11,666,717  
Insurance – 0.3%      

Bajaj Finserv Ltd.

      227,640         2,732,395  
IT Services – 12.0%      

Core Education & Technologies Ltd.

      205,519         1,136,617  

HCL Technologies Ltd.

      461,806         4,380,562  

Infosys Ltd.

      1,172,328         65,958,264  

Mphasis Ltd.

      446,281         3,548,698  

Rolta India Ltd.

      434,571         800,986  

Tata Consultancy Services Ltd.

      894,197         20,515,015  

Tech Mahindra Ltd.

      106,811         1,511,120  

Wipro Ltd.

      1,397,407         12,071,819  
     

 

 

  
Total IT Services         109,923,081  
Life Sciences Tools & Services – 0.2%      

Divi’s Laboratories Ltd.

      103,106         1,550,385  
Machinery – 0.4%      

Ashok Leyland Ltd.

      3,296,319         1,963,751  

Cummins India Ltd.

      181,963         1,769,447  
     

 

 

  
Total Machinery         3,733,198  
Marine – 0.1%      

Shipping Corp. of India Ltd.

      1,055,704         1,285,827  
     
Media – 0.6%      

Sun TV Network Ltd.

      332,300       $ 1,983,885  

Zee Entertainment Enterprises Ltd.

      1,365,281         3,396,789  
     

 

 

  
Total Media         5,380,674  
Metals & Mining – 9.3%      

Bhushan Steel Ltd.

      357,571         2,924,018  

Hexa Tradex Ltd.*†

      182,626         125,467  

Hindalco Industries Ltd.

      2,911,336         7,394,776  

Hindustan Zinc Ltd.

      929,187         2,413,935  

Jindal Saw Ltd.

      940,956         3,222,098  

Jindal Steel & Power Ltd.

      1,171,613         12,537,144  

JSW Steel Ltd.

      533,972         7,561,765  

MOIL Ltd.

      250,116         1,228,610  

National Aluminium Co., Ltd.

      1,133,805         1,211,810  

NMDC Ltd.

      839,613         2,653,405  

Sesa Goa Ltd.

      2,286,114         8,736,999  

Steel Authority of India Ltd.

      2,669,955         4,939,508  

Sterlite Industries India Ltd.

      4,008,296         8,737,290  

Tata Steel Ltd.

      1,934,732         17,915,591  

Welspun Corp., Ltd.

      1,191,534         3,148,110  
     

 

 

  
Total Metals & Mining         84,750,526  
Oil, Gas & Consumable Fuels – 17.7%      

Bharat Petroleum Corp., Ltd.

      247,185         3,397,611  

Cairn India Ltd.*

      2,179,689         14,285,959  

Coal India Ltd.

      1,158,471         7,820,162  

Essar Oil Ltd.*

      1,013,898         1,067,732  

Great Eastern Shipping Co., Ltd. (The)

      319,639         1,533,728  

Hindustan Petroleum Corp., Ltd.

      481,104         2,867,076  

Indian Oil Corp., Ltd.

      2,113,494         10,898,319  

Mangalore Refinery & Petrochemicals Ltd.

      1,165,280         1,559,959  

Oil & Natural Gas Corp., Ltd.

      8,409,167         44,294,827  

Oil India Ltd.

      482,575         4,828,118  

Petronet LNG Ltd.

      418,896         1,381,794  

Reliance Industries Ltd.

      4,655,506         68,592,065  
     

 

 

  
Total Oil, Gas & Consumable Fuels         162,527,350  
Personal Products – 0.4%      

Dabur India Ltd.

      676,404         1,415,343  

Godrej Consumer Products Ltd.

      203,119         1,914,371  
     

 

 

  
Total Personal Products         3,329,714  
Pharmaceuticals – 3.4%      

Aurobindo Pharma Ltd.

      1,032,585         2,411,966  

Cadila Healthcare Ltd.

      102,818         1,530,817  

Cipla Ltd.

      642,607         3,848,452  

Dr. Reddy’s Laboratories Ltd.

      148,592         5,147,271  

GlaxoSmithKline Pharmaceuticals Ltd.

      33,820         1,537,849  

Glenmark Pharmaceuticals Ltd.

      295,240         1,793,056  

Lupin Ltd.

      274,012         2,847,961  

Ranbaxy Laboratories Ltd.

      397,256         3,660,260  

Sun Pharmaceutical Industries Ltd.

      767,060         8,581,527  
     

 

 

  
Total Pharmaceuticals         31,359,159  

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      65   

Table of Contents

Schedule of Investments (concluded)

WisdomTree India Earnings Fund (EPI) (consolidated)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
Real Estate Management & Development – 1.3%      

DLF Ltd.

      984,322       $ 3,898,066  

Housing Development & Infrastructure Ltd.*

      3,114,966         5,236,958  

Unitech Ltd.*

      5,706,101         3,220,147  
     

 

 

  
Total Real Estate Management & Development               12,355,171  
Road & Rail – 0.3%      

Container Corp. of India

      129,507         2,427,319  
Software – 0.4%      

Oracle Financial Services Software Ltd.*

      62,401         3,209,527  
Textiles, Apparel & Luxury Goods – 0.4%      

Alok Industries Ltd.

      5,321,956         2,052,732  

S Kumars Nationwide Ltd.

      1,833,493         1,187,659  
     

 

 

  
Total Textiles, Apparel & Luxury Goods         3,240,391  
Thrifts & Mortgage Finance – 3.3%      

Dewan Housing Finance Corp., Ltd.

      358,726         1,684,664  

Housing Development Finance Corp.

      2,177,864         28,783,116  
     

 

 

  
Total Thrifts & Mortgage Finance         30,467,780  
Tobacco – 1.2%      

ITC Ltd.

      2,554,862         11,378,903  
Trading Companies & Distributors – 0.3%      

Adani Enterprises Ltd.

      467,643         2,798,331  
Transportation Infrastructure – 0.3%      

Adani Port and Special Economic Zone

      505,603         1,285,221  

Jaypee Infratech Ltd.

      1,588,641         1,576,324  
     

 

 

  
Total Transportation Infrastructure         2,861,545  
Wireless Telecommunication Services – 2.1%      

Bharti Airtel Ltd.

      2,112,200         14,009,468  

Idea Cellular Ltd.*

      1,025,052         1,987,931  

Reliance Communications Ltd.

      2,229,053         3,677,533  
     

 

 

  
Total Wireless Telecommunication Services         19,674,932  

TOTAL INVESTMENTS IN SECURITIES – 99.8%

(Cost: $893,277,019)

  

  

      914,435,751  

Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.2%

   

      1,588,328  
     

 

 

  
NET ASSETS – 100.0%       $ 916,024,079   
* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $498,865, which represents 0.1% of net assets.

 

See Notes to Financial Statements.

 

66   WisdomTree Domestic and International Earnings Funds

Table of Contents

Statements of Assets and Liabilities

WisdomTree Domestic and International Earnings Funds

March 31, 2012

 

  

 

 

     WisdomTree
Total
Earnings Fund		     WisdomTree
Earnings
500 Fund		     WisdomTree
MidCap
Earnings Fund		     WisdomTree
SmallCap
Earnings Fund		     WisdomTree
LargeCap
Value Fund		     WisdomTree
LargeCap
Growth Fund		     WisdomTree India
Earnings Fund
(consolidated)		  

ASSETS:

              

Investments, at cost

   $ 38,811,579      $ 60,885,591      $ 148,264,195      $ 141,749,088      $ 27,384,219      $ 18,604,856      $ 893,277,019   

Investment in affiliates, at cost (Note 7)

     84,524        72,185        309,304        236,674        167,439        —        —   

Foreign currency, at cost

     —        —        —        —        —        —        2,061,520   

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

     43,402,914        69,345,075        168,770,194        159,760,889        31,012,633        20,619,144        914,435,751   

Investment in affiliates, at value (Note 7)

     91,512        83,955        378,776        269,473        186,828        —        —   

Cash

     126        —        —        —        —        4,058        186,431   

Foreign currency, at value

     —        —        —        —        —        —        2,062,462   

Receivables:

              

Dividends and interest

     47,173        78,678        186,053        123,992        21,075        20,795        122,316   

Investment securities sold

     37,477        70,147        49,854        —        —        —        2,091,752   

Total Assets

     43,579,202        69,577,855        169,384,877        160,154,354        31,220,536        20,643,997        918,898,712   

LIABILITIES:

              

Due to custodian

     —        —        38,292        —        —        —        —   

Payables:

              

Collateral for securities on loan (Note 2)

     543,847        299,255        10,699,894        12,980,279        195,089        176,644        —   

Investment securities purchased

     —        75,588        —        —        —        —        1,998,233   

Advisory fees (Note 3)

     9,577        16,170        50,370        46,646        9,875        6,540        547,639   

Service fees (Note 2)

     151        255        585        542        115        75        3,544   

Other expenses

     —        —        —        —        —        —        106,709   

Foreign tax withholding

     —        —        —        —        —        —        218,508   

Total Liabilities

     553,575        391,268        10,789,141        13,027,467        205,079        183,259        2,874,633   

NET ASSETS

   $ 43,025,627      $ 69,186,587      $ 158,595,736      $ 147,126,887      $ 31,015,457      $ 20,460,738      $ 916,024,079   

NET ASSETS:

              

Paid-in capital

   $ 44,932,805      $ 80,706,096      $ 155,089,664      $ 149,580,912      $ 38,798,925      $ 18,752,737      $ 1,095,906,081   

Undistributed net investment income

     17,903        27,480        96,368        99,439        8,589        2,180        344,964   

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

     (6,523,404 )      (20,018,243 )      (17,165,767 )      (20,598,064 )      (11,439,860 )      (308,467 )      (201,396,180 ) 

Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies

     4,598,323        8,471,254        20,575,471        18,044,600        3,647,803        2,014,288        21,169,214   

NET ASSETS

   $ 43,025,627      $ 69,186,587      $ 158,595,736      $ 147,126,887      $ 31,015,457      $ 20,460,738      $ 916,024,079   

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

     850,000        1,400,000        2,600,000        2,600,000        700,000        500,000        47,600,000   

Net asset value per share

   $ 50.62      $ 49.42      $ 61.00      $ 56.59      $ 44.31      $ 40.92      $ 19.24   
1 

Market values of securities out on loan were as follows: $530,260, $292,337, $10,419,942, $12,629,839, $190,055, $172,254 and $0, respectively.

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      67   

Table of Contents

Statements of Operations

WisdomTree Domestic and International Earnings Funds

For the Year Ended March 31, 2012

 

  

 

 

     WisdomTree
Total
Earnings Fund		     WisdomTree
Earnings
500 Fund		     WisdomTree
MidCap
Earnings Fund		     WisdomTree
SmallCap
Earnings Fund		     WisdomTree
LargeCap
Value Fund		     WisdomTree
LargeCap
Growth Fund		     WisdomTree India
Earnings Fund
(consolidated)		  

INVESTMENT INCOME:

              

Dividends1

   $ 988,880      $ 1,401,847      $ 1,682,959      $ 2,158,429      $ 605,198      $ 382,454      $ 17,786,385   

Dividends from affiliates (Note 7)

     2,245        6,435        14,566        4,950        1,980        —        —   

Interest

     4        11        36        38        7        —        —   

Securities lending income (Note 2)

     8,577        6,341        140,941        175,847        1,655        4,059        —   

Total investment income

     999,706        1,414,634        1,838,502        2,339,264        608,840        386,513        17,786,385   

EXPENSES:

              

Advisory fees (Note 3)

     128,191        174,606        466,483        490,548        104,209        75,335        7,255,521   

Service fees (Note 2)

     2,015        2,744        5,401        5,680        1,207        872        46,947   

Custody and accounting

     —        —        —        —        —        —        1,177,649   

Printing

     —        —        —        —        —        —        80,406   

Interest expense (Note 8)

     —        —        —        —        —        —        73,100   

Professional fees

     —        —        —        —        —        —        60,981   

IOPV fees2

     —        —        —        —        —        —        24,100   

Insurance

     —        —        —        —        —        —        17,206   

Pricing

     —        —        —        —        —        —        16,514   

Listing cost

     —        —        —        —        —        —        9,375   

Compliance

     —        —        —        —        —        —        1,915   

Other

     —        —        —        —        —        —        25,614   

Total expenses

     130,206        177,350        471,884        496,228        105,416        76,207        8,789,328   

Expense reimbursements/waivers (Note 3)

     (110 )      (286 )      (1,624 )      (1,657 )      (271 )      —        (663,000 ) 

Net expenses

     130,096        177,064        470,260        494,571        105,145        76,207        8,126,328   

Net investment income

     869,610        1,237,570        1,368,242        1,844,693        503,695        310,306        9,660,057   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

              

Net realized gain (loss) from:

              

Investment transactions

     (346,913 )      (888,032 )      (7,246,581 )      (10,625,510 )      1,136,914        (408,425 )      (93,366,945 ) 

Investment transactions from affiliates (Note 7)

     (16,081 )      21,434        2,086        (43,076 )      11,543        24,301        —   

In-kind redemptions

     1,935,097        —        4,094,509        8,923,058        410,339        2,541,809        —   

In-kind redemptions from affiliates (Note 7)

     (293 )      —        3,105        (6,750 )      569        —        —   

Forward foreign currency contracts and foreign currency related transactions

     —        —        —        —        —        —        (850,335 ) 

Net realized gain (loss)

     1,571,810        (866,598 )      (3,146,881 )      (1,752,278 )      1,559,365        2,157,685        (94,217,280 ) 

Net change in unrealized appreciation (depreciation) from:

              

Investment transactions

     (513,006 )      6,228,400        8,794,120        3,999,459        113,089        (1,443,327 )      (222,870,810 ) 

Translation of assets and liabilities denominated in foreign currencies

     —        —        —        —        —        —        9,489   

Net change in unrealized appreciation (depreciation)

     (513,006 )      6,228,400        8,794,120        3,999,459        113,089        (1,443,327 )      (222,861,321 ) 

Net realized and unrealized gain (loss) on investments

     1,058,804        5,361,802        5,647,239        2,247,181        1,672,454        714,358        (317,078,601 ) 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 1,928,414      $ 6,599,372      $ 7,015,481      $ 4,091,874      $ 2,176,149      $ 1,024,664      $ (307,418,544 ) 
1 

Net of foreign withholding tax of $0, $0, $0, $86, $0, $0 and $550,123, respectively.

 

2 

IOPV Fees — Indicative Optimized Portfolio Value — is the real-time estimation of net asset value of Fund.

 

See Notes to Financial Statements.

 

68   WisdomTree Domestic and International Earnings Funds

Table of Contents

Statements of Changes in Net Assets

WisdomTree Domestic and International Earnings Funds

 

 

  

 

 

     WisdomTree
Total Earnings Fund		     WisdomTree
Earnings 500 Fund		     WisdomTree
MidCap Earnings Fund		  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS:

   

          

Net investment income

   $ 869,610      $ 883,420      $ 1,237,570      $ 1,309,968      $ 1,368,242      $ 1,216,230   

Net realized gain (loss) on investments

     1,571,810        911,680        (866,598 )      1,840,334        (3,146,881 )      12,470,822   

Net change in unrealized appreciation (depreciation) on investments

     (513,006 )      5,488,680        6,228,400        4,022,685        8,794,120        6,831,357   

Net increase in net assets resulting from operations

     1,928,414        7,283,780        6,599,372        7,172,987        7,015,481        20,518,409   

DIVIDENDS:

            

Net investment income

     (875,900 )      (879,348 )      (1,245,174 )      (1,308,638 )      (1,297,193 )      (1,186,680 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sales of shares

     12,025,302        8,872,211        —        14,930,099        70,509,278        103,782,212   

Cost of shares redeemed

     (24,245,372 )      (8,872,443 )      —        (34,384,325 )      (23,377,171 )      (71,674,300 ) 

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

     (12,220,070 )      (232 )      —        (19,454,226 )      47,132,107        32,107,912   

Net Increase (Decrease) in Net Assets

     (11,167,556 )      6,404,200        5,354,198        (13,589,877 )      52,850,395        51,439,641   

NET ASSETS:

            

Beginning of year

   $ 54,193,183      $ 47,788,983      $ 63,832,389      $ 77,422,266      $ 105,745,341      $ 54,305,700   

End of year

   $ 43,025,627      $ 54,193,183      $ 69,186,587      $ 63,832,389      $ 158,595,736      $ 105,745,341   

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

   $ 17,903      $ 24,687      $ 27,480      $ 35,865      $ 96,368      $ 15,282   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     1,150,000        1,150,000        1,400,000        1,900,000        1,800,000        1,150,000   

Shares created

     250,000        200,000        —        350,000        1,250,000        2,050,000   

Shares redeemed

     (550,000 )      (200,000 )      —        (850,000 )      (450,000 )      (1,400,000 ) 

Shares outstanding, end of year

     850,000        1,150,000        1,400,000        1,400,000        2,600,000        1,800,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      69   

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree Domestic and International Earnings Funds

 

 

  

 

 

 

    

WisdomTree

SmallCap Earnings Fund

    

WisdomTree

LargeCap Value Fund

  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

        

Net investment income

   $ 1,844,693      $ 1,405,428      $ 503,695      $ 360,482   

Net realized gain (loss) on investments

     (1,752,278 )      13,449,922        1,559,365        4,454,246   

Net change in unrealized appreciation (depreciation) on investments

     3,999,459        8,550,393        113,089        (1,467,904 ) 

Net increase in net assets resulting from operations

     4,091,874        23,405,743        2,176,149        3,346,824   

DIVIDENDS:

        

Net investment income

     (1,778,298 )      (1,365,764 )      (506,854 )      (362,140 ) 

CAPITAL SHARE TRANSACTIONS:

        

Net proceeds from sales of shares

     48,829,976        76,913,803        5,633,589        26,563,158   

Cost of shares redeemed

     (38,688,336 )      (59,588,233 )      (2,099,393 )      (38,899,989 ) 

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

     10,141,640        17,325,570        3,534,196        (12,336,831 ) 

Net Increase (Decrease) in Net Assets

     12,455,216        39,365,549        5,203,491        (9,352,147 ) 

NET ASSETS:

        

Beginning of year

   $ 134,671,671      $ 95,306,122      $ 25,811,966      $ 35,164,113   

End of year

   $ 147,126,887      $ 134,671,671      $ 31,015,457      $ 25,811,966   

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

   $ 99,439      $ 39,297      $ 8,589      $ 11,519   

SHARES CREATED AND REDEEMED:

        

Shares outstanding, beginning of year

     2,450,000        2,150,000        600,000        950,000   

Shares created

     950,000        1,500,000        150,000        700,000   

Shares redeemed

     (800,000 )      (1,200,000 )      (50,000 )      (1,050,000 ) 

Shares outstanding, end of year

     2,600,000        2,450,000        700,000        600,000   

 

See Notes to Financial Statements.

 

70   WisdomTree Domestic and International Earnings Funds

Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree Domestic and International Earnings Funds

 

 

  

 

 

 

    

WisdomTree

LargeCap Growth Fund

    

WisdomTree

India Earnings Fund
(consolidated)

  
    

For the

Year Ended

March 31, 2012

    

For the

Year Ended

March 31, 2011

    

For the

Year Ended

March 31, 2012

    

For the

Year Ended

March 31, 2011

  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

        

Net investment income

   $ 310,306      $ 150,850      $ 9,660,057      $ 4,534,984   

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

     2,157,685        4,058,027        (94,217,280 )      (41,312,824 ) 

Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and foreign currency related transactions

     (1,443,327 )      (822,362 )      (222,861,321 )      90,435,937   

Net increase in net assets resulting from operations

     1,024,664        3,386,515        (307,418,544 )      53,658,097   

DIVIDENDS:

        

Net investment income

     (319,110 )      (145,072 )      (8,702,508 )      (6,420,668 ) 

CAPITAL SHARE TRANSACTIONS:

        

Net proceeds from sales of shares

     17,375,104        26,159,681        87,306,632        710,471,987   

Cost of shares redeemed

     (22,977,099 )      (26,528,509 )      (342,250,872 )      (112,152,803 ) 

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

     (5,601,995 )      (368,828 )      (254,944,240 )      598,319,184   

Net Increase (Decrease) in Net Assets

     (4,896,441 )      2,872,615        (571,065,292 )      645,556,613   

NET ASSETS:

        

Beginning of year

   $ 25,357,179      $ 22,484,564      $ 1,487,089,371      $ 841,532,758   

End of year

   $ 20,460,738      $ 25,357,179      $ 916,024,079      $ 1,487,089,371   

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

   $ 2,180      $ 11,260      $ 344,964      $ —   

SHARES CREATED AND REDEEMED:

        

Shares outstanding, beginning of year

     650,000        650,000        59,800,000        36,200,000   

Shares created

     450,000        750,000        4,400,000        28,400,000   

Shares redeemed

     (600,000 )      (750,000 )      (16,600,000 )      (4,800,000 ) 

Shares outstanding, end of year

     500,000        650,000        47,600,000        59,800,000   

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      71   

Table of Contents

Financial Highlights

WisdomTree Domestic and International Earnings Funds

March 31, 2012

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, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 47.12       $ 41.56       $ 27.52       $ 45.32       $ 48.99   

Investment operations:

               

Net investment income1

      0.88         0.77         0.70         0.87         0.85   

Net realized and unrealized gain (loss)

      3.58         5.55         14.03         (17.87 )       (3.56 ) 

Total from investment operations

      4.46         6.32         14.73         (17.00 )       (2.71 ) 

Dividends to shareholders:

               

Net investment income

      (0.96 )       (0.76 )       (0.69 )       (0.80 )       (0.96 ) 

Net asset value, end of year

    $ 50.62       $ 47.12       $ 41.56       $ 27.52       $ 45.32   

TOTAL RETURN2

      9.74 %       15.44 %       53.82 %       (37.86 )%       (5.69 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 43,026       $ 54,193       $ 47,789       $ 16,511       $ 15,861   

Ratios to average net assets3 of:

               

Expenses, net of expense reimbursements

      0.28 %       0.28 %       0.28 %       0.28 %       0.28 % 

Expenses, prior to expense reimbursements

      0.28 %       0.28 %       0.28 %       0.28 %       0.28 % 

Net investment income

      1.90 %       1.82 %       1.92 %       2.33 %       1.76 % 

Portfolio turnover rate4

      12 %       9 %       16 %       23 %       11 % 

 

           
WisdomTree Earnings 500 Fund    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 45.59       $ 40.75       $ 27.77       $ 45.77       $ 48.85   

Investment operations:

               

Net investment income1

      0.88         0.77         0.68         0.91         0.94   

Net realized and unrealized gain (loss)

      3.84         4.84         12.98         (18.07 )       (3.18 ) 

Total from investment operations

      4.72         5.61         13.66         (17.16 )       (2.24 ) 

Dividends to shareholders:

               

Net investment income

      (0.89 )       (0.77 )       (0.68 )       (0.84 )       (0.84 ) 

Net asset value, end of year

    $ 49.42       $ 45.59       $ 40.75       $ 27.77       $ 45.77   

TOTAL RETURN2

      10.60 %       13.99 %       49.49 %       (37.83 )%       (4.72 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 69,187       $ 63,832       $ 77,422       $ 59,714       $ 54,927   

Ratios to average net assets3 of:

               

Expenses, net of expense reimbursements

      0.28 %       0.28 %       0.28 %       0.28 %       0.28 % 

Expenses, prior to expense reimbursements

      0.28 %       0.28 %       0.28 %       0.28 %       0.28 % 

Net investment income

      1.98 %       1.87 %       1.95 %       2.49 %       1.93 % 

Portfolio turnover rate4

      16 %       12 %       21 %       21 %       8 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

See Notes to Financial Statements.

 

72   WisdomTree Domestic and International Earnings Funds

Table of Contents

Financial Highlights (continued)

WisdomTree Domestic and International Earnings Funds

March 31, 2012

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, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 58.75       $ 47.22       $ 26.19       $ 42.08       $ 48.77   

Investment operations:

               

Net investment income1

      0.62         0.73         0.61         0.54         0.81   

Net realized and unrealized gain (loss)

      2.20         11.50         20.92         (15.88 )       (6.90 ) 

Total from investment operations

      2.82         12.23         21.53         (15.34 )       (6.09 ) 

Dividends to shareholders:

               

Net investment income

      (0.57 )       (0.70 )       (0.50 )       (0.55 )       (0.60 ) 

Net asset value, end of year

    $ 61.00       $ 58.75       $ 47.22       $ 26.19       $ 42.08   

TOTAL RETURN2

      4.92 %       26.15 %       82.49 %       (36.73 )%       (12.57 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 158,596       $ 105,745       $ 54,306       $ 14,406       $ 25,247   

Ratios to average net assets3 of:

               

Expenses, net of expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Expenses, prior to expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Net investment income

      1.11 %       1.45 %       1.54 %       1.49 %       1.70 % 

Portfolio turnover rate4

      38 %       18 %       19 %       39 %       45 % 

 

           
WisdomTree SmallCap
Earnings Fund		    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 54.97       $ 44.33       $ 23.25       $ 38.96       $ 48.03   

Investment operations:

               

Net investment income1

      0.74         0.65         0.37         0.47         0.58   

Net realized and unrealized gain (loss)

      1.59         10.60         20.96         (15.64 )       (9.17 ) 

Total from investment operations

      2.33         11.25         21.33         (15.17 )       (8.59 ) 

Dividends to shareholders:

               

Net investment income

      (0.71 )       (0.61 )       (0.25 )       (0.54 )       (0.48 ) 

Net asset value, end of year

    $ 56.59       $ 54.97       $ 44.33       $ 23.25       $ 38.96   

TOTAL RETURN2

      4.39 %       25.57 %       91.88 %       (39.31 )%       (17.97 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 147,127       $ 134,672       $ 95,306       $ 13,948       $ 15,585   

Ratios to average net assets3 of:

               

Expenses, net of expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Expenses, prior to expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Net investment income

      1.43 %       1.37 %       0.97 %       1.49 %       1.28 % 

Portfolio turnover rate4

      41 %       19 %       16 %       51 %       37 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

See Notes to Financial Statements.

 

WisdomTree Domestic and International Earnings Funds      73   

Table of Contents

Financial Highlights (continued)

WisdomTree Domestic and International Earnings Funds

March 31, 2012

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

 

 

 

WisdomTree LargeCap
Value Fund		    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		     

For the

Year Ended
March 31, 2010**

      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 43.02       $ 37.01       $ 24.24       $ 43.53       $ 49.06   

Investment operations:

               

Net investment income1

      0.75         0.49         0.65         0.86         1.03   

Net realized and unrealized gain (loss)

      1.26         6.04         12.75         (19.33 )       (5.49 ) 

Total from investment operations

      2.01         6.53         13.40         (18.47 )       (4.46 ) 

Dividends to shareholders:

               

Net investment income

      (0.72 )       (0.52 )       (0.63 )       (0.82 )       (1.07 ) 

Net asset value, end of year

    $ 44.31       $ 43.02       $ 37.01       $ 24.24       $ 43.53   

TOTAL RETURN2

      4.83 %       17.86 %       55.57 %       (42.87 )%       (9.31 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 31,015       $ 25,812       $ 35,164       $ 20,607       $ 23,940   

Ratios to average net assets3 of:

               

Expenses, net of expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Expenses, prior to expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %       0.38 % 

Net investment income

      1.84 %       1.33 %       2.01 %       2.60 %       2.10 % 

Portfolio turnover rate4

      62 %       6 %       71 %       54 %       20 % 

 

         
WisdomTree LargeCap Growth Fund    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		     

For the Period
December 4, 2008*
through

March 31, 2009

  

Net asset value, beginning of period

    $ 39.01       $ 34.59       $ 26.10       $ 25.28   

Investment operations:

            

Net investment income1

      0.58         0.26         0.49         0.09   

Net realized and unrealized gain

      1.97         4.41         9.22         0.81   

Total from investment operations

      2.55         4.67         9.71         0.90   

Dividends and distributions to shareholders:

            

Net investment income

      (0.64 )       (0.25 )       (0.46 )       (0.08 ) 

Capital gains

      —         —         (0.76 )       —   

Total dividends and distributions to shareholders

      (0.64 )       (0.25 )       (1.22 )       (0.08 ) 

Net asset value, end of period

    $ 40.92       $ 39.01       $ 34.59       $ 26.10   

TOTAL RETURN2

      6.74 %       13.57 %       37.46 %       3.56 % 

RATIOS/SUPPLEMENTAL DATA:

            

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

    $ 20,461       $ 25,357       $ 22,485       $ 9,136   

Ratios to average net assets3 of:

            

Expenses, net of expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %5 

Expenses, prior to expense reimbursements

      0.38 %       0.38 %       0.38 %       0.38 %5 

Net investment income

      1.57 %       0.73 %       1.53 %       1.26 %5 

Portfolio turnover rate4

      104 %       10 %       44 %       1 % 
* Commencement of investment operations.

 

** This information reflects the investment objective and strategy of WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

5 

Annualized.

 

See Notes to Financial Statements.

 

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Financial Highlights (concluded)

WisdomTree Domestic and International Earnings Funds

March 31, 2012

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

 

 

 

WisdomTree India
Earnings Fund

(consolidated)

    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		     

For the Period
February 22, 2008*
through

March 31, 2008

  

Net asset value, beginning of period

    $ 24.87       $ 23.25       $ 10.99       $ 22.57       $ 24.94   

Investment operations:

               

Net investment income1

      0.19         0.09         0.04         0.12         (0.01 ) 

Net realized and unrealized gain (loss)

      (5.65 )       1.67         12.27         (11.60 )       (2.36 ) 

Total from investment operations

      (5.46 )       1.76         12.31         (11.48 )       (2.37 ) 

Dividends to shareholders:

               

Net investment income

      (0.17 )       (0.14 )       (0.05 )       (0.10 )       —   

Net asset value, end of period

    $ 19.24       $ 24.87       $ 23.25       $ 10.99       $ 22.57   

TOTAL RETURN2

      (21.96 )%       7.59 %       112.11 %       (50.89 )%       (9.50 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 916,024       $ 1,487,089       $ 841,533       $ 169,195       $ 162,540   

Ratios to average net assets4 of:

               

Expenses, net of expense reimbursements

      0.76 %5       0.88 %       0.88 %       0.88 %       0.88 %3 

Expenses, prior to expense reimbursements

      0.82 %       0.88 %       0.88 %       0.92 %       2.10 %3 

Net investment income (loss)

      0.91 %       0.36 %       0.19 %       0.77 %       (0.41 )%3 

Portfolio turnover rate4

      32 %       8 %       33 %       42 %       0 % 
* Commencement of investment operations.

 

1 

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

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

 

5 

During the period, the Fund was reimbursed for certain expenses that occurred during the previous fiscal year.

 

See Notes to Financial Statements.

 

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Notes to Financial Statements

March 31, 2012

 

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, 2012, the Trust offered 48 investment funds (each a “Fund”, collectively, the “Funds”). These notes relate only to Funds listed in the table below:

 

Fund Name   

Commencement of

Operations

WisdomTree Total Earnings Fund (“Total Earnings Fund”)

    February 23, 2007

WisdomTree Earnings 500 Fund (“Earnings 500 Fund”)

    February 23, 2007

WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”)

    February 23, 2007

WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”)

    February 23, 2007

WisdomTree LargeCap Value Fund (“LargeCap Value Fund”)

    February 23, 2007

WisdomTree LargeCap Growth Fund (“LargeCap Growth Fund”)

    December 4, 2008

WisdomTree India Earnings Fund (“India Earnings Fund”) (consolidated)

    February 22, 2008

The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by Mellon Capital Management Corporation, Inc. (“MCM”). For the India Earnings Fund, the accompanying financial statements reflect the financial position of the Fund and the results of operations on a consolidated basis with the Portfolio. All inter-company accounts and transactions have been eliminated in consolidation. This structure should permit the India Earnings Fund to benefit from a tax treaty between India and Mauritius. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the India Earnings Fund. In March of 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act 1961, which would include certain General Anti-Avoidance Rules (“GAAR”). The implementation of these rules has been postponed until 2013 and it is currently unclear whether the proposed GAAR rules will be enacted and whether such rules will have any impact on the Fund’s ability to benefit from the tax treaty. No assurance can be given that the terms of the treaty will not be subject to re-negotiation in the future or subject to an adverse interpretation under the proposed GAAR. Any change in the provision of this treaty or in its applicability to the India Earnings Fund could result in the imposition of withholding and other taxes on the India Earnings Fund by tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders. References to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Guarantees — In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. Therefore, no liabilities have been recorded in connection with these indemnifications.

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

 

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Notes to Financial Statements (continued)

 

Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in creation units, which are typically in blocks of 50,000 shares or more. Fund shares are purchased or sold on a national securities exchange at market prices, which may be higher or lower than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The 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. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas, and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be valued in accordance with the Fund’s pricing policy and procedures. Securities that may be valued using “fair value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the exchange on which they are principally traded.

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

Level 1 – quoted prices in active markets for identical securities

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

Level 3 – significant unobservable inputs (including each Fund’s 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 NAV is computed and that may materially affect the value of the Fund’s investments).

In January 2010, FASB issued Accounting Standards Update No. 2010-06 “Improving Disclosures about Fair Value Measurements (“ASU 2010-06”).” ASU 2010-06 requires reporting entities to make new disclosures about amounts and reasons for significant transfers between Level 1 and Level 2 fair value measurements, as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3. ASU 2010-06 also requires

 

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Notes to Financial Statements (continued)

 

information on purchases and sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures have been implemented for fiscal periods beginning after December 15, 2009 other than the disclosures surrounding the presentation of purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements which have been implemented for fiscal periods beginning after December 15, 2010.

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

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

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

In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy.

No significant transfers between Level 1 or Level 2 fair value measurements occurred during the fiscal year ended March 31, 2012.

The following is a summary of the inputs used as of March 31, 2012 in valuing each Fund’s assets carried at fair value:

 

Total Earnings Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 42,857,291       $ —       $ —   

Money Market Funds

      —         545,623         —   

Exchange-Traded Funds

      91,512         —         —   

Total

    $ 42,948,803       $ 545,623       $ —   
        
Earnings 500 Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 69,044,954       $ —       $ —   

Money Market Funds

      —         300,121         —   

Exchange-Traded Funds

      83,955         —         —   

Total

    $ 69,128,909       $ 300,121       $ —   
        
MidCap Earnings Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 158,070,300       $ —       $ —   

Money Market Funds

      —         10,699,894         —   

Exchange-Traded Funds

      378,776         —         —   

Total

    $ 158,449,076       $ 10,699,894       $ —   

 

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Notes to Financial Statements (continued)

 

 

SmallCap Earnings Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 146,750,185       $ —       $ —   

Money Market Funds

      —         13,010,704         —   

Exchange-Traded Funds

      269,473         —         —   

Total

    $ 147,019,658       $ 13,010,704       $ —   
        
LargeCap Value Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 30,816,970       $ —       $ —   

Money Market Funds

      —         195,663         —   

Exchange-Traded Funds

      186,828         —         —   

Total

    $ 31,003,798       $ 195,663       $ —   
        
LargeCap Growth Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 20,442,500       $ —       $ —   

Money Market Funds

      —         176,644         —   

Total

    $ 20,442,500       $ 176,644       $ —   
        
India Earnings Fund (consolidated)    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Electric Utilities

    $ 23,546,146       $ —       $ 373,398   

Metals & Mining

      84,625,059         —         125,467   

Other*

      805,765,681         —         —   

Total

    $ 913,936,886       $ —       $ 498,865   
  * Please refer to Schedule of Investment for the breakdown of the valuation by industry.

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value. All transfers into or out of Level 3 are done using the beginning of period method. For the period ended March 31, 2012, there were no transfers into or out of Level 3.

 

      Common Stocks  
India Earnings Fund (consolidated)    Electric Utilities      Metals & Mining  

Balance as of April 1, 2011

    $ —       $ —   

Realized gain (loss)1

      —         —   

Change in unrealized appreciation (depreciation)2

      (157,647 )       (38,429 ) 

Purchases

      531,045         163,896   

Sales

      —         —   

Transfers into Level 33

      —         —   

Transfers out of Level 34

      —         —   

Balance as of March 31, 2012

    $ 373,398       $ 125,467   

Net change in unrealized appreciation/(depreciation) from investments still held as of March 31, 2012 is:2

    $ (157,647 )     $ (38,429 ) 
  1 

This amount is included in net realized gain (loss) from investment transactions in the Statement of Operations.

 

  2 

This amount is included in the net change in unrealized appreciation (depreciation) from investment transactions in the Statement of Operations. Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.

 

  3 

Transfers into Level 3 are as a result of the unavailability of a quoted price in an active market for an identical investment or the unavailability of other significant observable inputs.

 

  4 

Transfers out of Level 3 are as a result of the availability of a quoted price in an active market for an identical investment or the availability of other significant observable inputs.

 

WisdomTree Domestic and International Earnings Funds      79   

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Notes to Financial Statements (continued)

 

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The India Earnings Fund has invested in derivatives, specifically forward currency contracts, during the fiscal year ended March 31, 2012, which are detailed in the table herein. The Fund’s derivative agreements contain credit-risk-related contingent features which include, but are not limited to, a percentage decline in the Fund’s NAV or net assets over a specified time period. If an event occurred that triggered a contingent feature, the counterparty to the agreement may require the Fund to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with the credit-risk-related contingent features would be the total of derivatives in net liability positions for the Fund.

At March 31, 2012, there were no open derivative positions in the Funds.

The effect of such derivative instruments on each Fund’s financial performance as reflected in the Statement of Operations are presented in the summary below:

 

Derivatives not designated as hedging

instruments, carried at fair value

    Amount of Realized
Gain on Derivatives
Recognized in Income1		     

Change in Unrealized
Appreciation or (Depreciation)
on Derivatives

Recognized in Income

  

India Earnings Fund (consolidated)

Foreign exchange contracts

    $ 1,107,368       $ —   

1     Realized gains (losses) on derivatives are located on the Statement of Operations as follows:

        

 

Foreign exchange contracts

    Net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions

During the fiscal year ended March 31, 2012, the volume of derivative activity for the Funds was as follows:

 

      Average Notional  
Fund    Forward
foreign
currency
contracts
(to deliver)		      Forward
foreign
currency
contracts
(to receive)		  

India Earnings Fund (consolidated)

                  

Forward exchange contracts

    $ —       $ 645,085   

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

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies on the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — 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 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

 

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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 (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of 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 $73,730 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the fiscal year ended March 31, 2012. Expenses 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 July 31, 2013.

Currency Transactions — The India Earnings Fund 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 India Earnings Fund does not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The India Earnings Fund may not enter into such contracts for speculative purposes.

Forward Foreign Currency Transactions — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally has no margin deposit requirement, and no commissions are charged at any stage for trades.

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 Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured.

There were no Forward Contracts open at March 31, 2012.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

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 include short-term obligations issued by the U.S. Government, its agencies, non-U.S. Government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its

 

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Notes to Financial Statements (continued)

 

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 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 to the extent of a shareholder’s tax basis and thereafter as a capital gain. The India Earnings Fund has filed an election to treat the Portfolio as a “pass-through” entity for tax purposes.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund, and as also described in Note 2, WTAM agrees to pay all expenses of the Funds, except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, 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. The Investment Advisory Agreement for the India Earnings Fund does not require WTAM to pay any Fund expenses, except sub-advisory fees.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM provides CCO services to the Trust. WTAM has agreed to limit net annual operating expenses for the India Earnings Fund to 0.88% through July 31, 2013. WTAM expects to receive fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:

 

Fund   

Advisory

Fee Rate

  

Total Earnings Fund

      0.28 % 

Earnings 500 Fund

      0.28 % 

MidCap Earnings Fund

      0.38 % 

SmallCap Earnings Fund

      0.38 % 

LargeCap Value Fund

      0.38 % 

LargeCap Growth Fund

      0.38 % 

India Earnings Fund (consolidated)

      0.68 % 

Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 31, 2012, WTAM waived a portion of its advisory fees based on each Fund’s investment in affiliated Funds. In addition, during the year ended March 31, 2012, the India Earnings Fund was reimbursed for certain expenses that occurred during the previous fiscal year. The table below indicates the waiver and expense reimbursement amounts. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory Fees Waived/
Expense Reimbursement

Total Earnings Fund

    $ 110        

Earnings 500 Fund

      286        

MidCap Earnings Fund

      1,624        

SmallCap Earnings Fund

      1,657        

LargeCap Value Fund

      271        

LargeCap Growth Fund

      —        

India Earnings Fund (consolidated)

      663,000        

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2012, 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,

 

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Notes to Financial Statements (continued)

 

shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consists of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. The India Earnings Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year ended March 31, 2012 were as follows:

 

000,000,000 000,000,000
Fund    Purchases      Sales  

Total Earnings Fund

    $ 5,662,390       $ 5,751,951   

Earnings 500 Fund

      10,223,264         10,197,683   

MidCap Earnings Fund

      47,598,902         47,857,568   

SmallCap Earnings Fund

      53,626,397         55,269,188   

LargeCap Value Fund

      17,161,622         17,099,884   

LargeCap Growth Fund

      20,894,698         21,289,606   

India Earnings Fund (consolidated)

      340,685,032         597,677,253   

For the fiscal year ended March 31, 2012, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

000,000,000 000,000,000
Fund    Purchases      Redemptions  

Total Earnings Fund

    $ 11,998,373       $ 24,134,949   

Earnings 500 Fund

      —         —   

MidCap Earnings Fund

      70,380,674         22,994,812   

SmallCap Earnings Fund

      48,705,563         36,820,199   

LargeCap Value Fund

      5,605,014         2,096,006   

LargeCap Growth Fund

      17,355,535         22,558,430   

India Earnings Fund (consolidated)

      —         —   

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

6. FEDERAL INCOME TAXES

At March 31, 2012, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

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

Total Earnings Fund

    $ 39,169,648       $ 5,904,133       $ (1,579,355 )     $ 4,324,778   

Earnings 500 Fund

      61,178,425         11,328,128         (3,077,523 )       8,250,605   

MidCap Earnings Fund

      151,886,152         21,126,940         (3,864,122 )       17,262,818   

SmallCap Earnings Fund

      146,915,494         20,826,036         (7,711,168 )       13,114,868   

LargeCap Value Fund

      27,566,033         4,149,081         (515,653 )       3,633,428   

LargeCap Growth Fund

      18,630,036         2,951,924         (962,816 )       1,989,108   

India Earnings Fund (consolidated)

      956,200,548         114,182,590         (155,947,387 )       (41,764,797 ) 

 

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Notes to Financial Statements (continued)

 

At March 31, 2012, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

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

Total Earnings Fund

    $ 17,976       $ (6,249,932 )     $ 4,324,778       $ —       $ (1,907,178 ) 

Earnings 500 Fund

      27,480         (19,797,594 )       8,250,605         —         (11,519,509 ) 

MidCap Earnings Fund

      96,368         (13,853,114 )       17,262,818         —         3,506,072   

SmallCap Earnings Fund

      106,260         (15,675,153 )       13,114,868         —         (2,454,025 ) 

LargeCap Value Fund

      8,589         (11,425,485 )       3,633,428         —         (7,783,468 ) 

LargeCap Growth Fund

      2,180         (283,287 )       1,989,108         —         1,708,001   

India Earnings Fund (consolidated)

      344,964         (138,472,651 )       (41,764,797 )       10,482         (179,882,002 ) 

The tax character of distributions paid during the fiscal years ended March 31, 2012 and March 31, 2011, was as follows:

 

      Year Ended
March 31, 2012		      Year Ended
March 31, 2011		  
Fund    Distributions Paid
from Ordinary
Income*		      Distributions Paid
from Ordinary
Income*		  

Total Earnings Fund

    $ 875,900       $ 879,348   

Earnings 500 Fund

      1,245,174         1,308,638   

MidCap Earnings Fund

      1,297,193         1,186,680   

SmallCap Earnings Fund

      1,778,298         1,365,764   

LargeCap Value Fund

      506,854         362,140   

LargeCap Growth Fund

      319,110         145,072   

India Earnings Fund (consolidated)

      8,702,508         6,420,668   

*   Includes short-term capital gains.

      

At March 31, 2012, 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
Through 2018		     Capital Loss
Available
Through 2019		     Short-Term
Post-Effective
No Expiration*		     Long-Term
Post-Effective
No Expiration*		     Capital Loss
Available
Total		  

Total Earnings Fund

   $ 133,369      $ 451,951      $ 3,393,418      $ 935,380      $ 38,219      $ 817,002      $ 5,769,339   

Earnings 500 Fund

     194,476        1,286,040        10,811,338        4,536,572        54,760        1,938,700        18,821,886   

MidCap Earnings Fund

     354,730        1,545,771        6,328,159        346,722        117,912        178,710        8,872,004   

SmallCap Earnings Fund

     31,705        1,465,208        4,654,874        921,406        1,312,469        —        8,385,662   

LargeCap Value Fund

     —        220,523        10,909,497        295,465        —        —        11,425,485   

LargeCap Growth Fund

     —        —        —        92,877        190,410        —        283,287   

India Earnings Fund (consolidated)

     1,179        20,567,350        7,978,486        6,294,051        67,135,294        35,065,312        137,041,672   

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

        

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

During the fiscal year ended March 31, 2012, the following Funds incurred and will elect to defer post-October capital losses as follows:

 

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

Total Earnings Fund

    $ 39,069       $ 441,524   

Earnings 500 Fund

      122,065         853,643   

MidCap Earnings Fund

      4,018,536         962,574   

SmallCap Earnings Fund

      4,712,668         2,576,823   

LargeCap Value Fund

      —         —   

LargeCap Growth Fund

      —         —   

India Earnings Fund (consolidated)

      173,444         1,257,535   

 

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Table of Contents

Notes to Financial Statements (continued)

 

During the fiscal year ended March 31, 2012, the following funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforwards		  

Total Earnings Fund

    $ —   

Earnings 500 Fund

      —   

MidCap Earnings Fund

      —   

SmallCap Earnings Fund

      —   

LargeCap Value Fund

      1,147,246   

LargeCap Growth Fund

      —   

India Earnings Fund (consolidated)

      —   

At March 31, 2012, 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

    $ (494 )     $ (1,710,353 )     $ 1,710,847   

Earnings 500 Fund

      (781 )       753         28   

MidCap Earnings Fund

      10,037         (3,995,341 )       3,985,304   

SmallCap Earnings Fund

      (6,253 )       (8,675,947 )       8,682,200   

LargeCap Value Fund

      229         (409,550 )       409,321   

LargeCap Growth Fund

      (276 )       (2,373,086 )       2,373,362   

India Earnings Fund (consolidated)

      (612,585 )       612,585         —   

These differences are primarily due to redemptions-in-kind, the tax treatment of income earned from investments in partnerships, foreign currency transactions, non-dividend distributions from underlying funds and Passive Foreign Investment Companies (“PFICs”).

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2012, the Funds did not have any liabilities for unrecognized tax benefits. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states, and with respect to the India Earnings Fund, the Republic of Mauritius. Generally, each of the tax years in the four-year period ended March 31, 2012, remains subject to examination by taxing authorities.

 

WisdomTree Domestic and International Earnings Funds      85   

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Notes to Financial Statements (concluded)

 

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are Funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year ended March 31, 2012 are as follows:

 

Affiliated Fund Name    Value at
3/31/2011		      Purchases/
Additions		      Sales/
Reductions		      Value at
3/31/2012		      Dividend
Income		  

Total Earnings Fund

                                             

LargeCap Growth Fund

    $ 392,157       $ 472,390       $ 753,302       $ 91,512       $ 2,245   

Earnings 500 Fund

                                             

WisdomTree Equity Income Fund

    $ 344,576       $ 834,428       $ 1,117,722       $ 83,955       $ 6,435   

MidCap Earnings Fund

                                             

WisdomTree MidCap Dividend Fund

    $ 557,285       $ 328,620       $ 505,892       $ 378,776       $ 14,566   

SmallCap Earnings Fund

                                             

MidCap Earnings Fund

    $ 843,454       $ 191,170       $ 710,662       $ 269,473       $ 4,950   

LargeCap Value Fund

                                             

Earnings 500 Fund

    $ —       $ 384,096       $ 261,637       $ 130,986       $ 1,623   

WisdomTree LargeCap Dividend Fund

      222,272         —         221,501         —         —   

WisdomTree MidCap Dividend Fund

      95,994         —         95,366         —         —   

MidCap Earnings Fund

      —         165,308         110,833         55,842         357   

Total

    $ 318,266       $ 549,404       $ 689,337       $ 186,828       $ 1,980   

LargeCap Growth Fund

                                             

Earnings 500 Fund

    $ 245,226       $ —       $ 246,182       $ —       $ —   

8. LOAN

During the year ended March 31, 2012, the India Earnings Fund had a demand note agreement with Morgan Stanley Bank, N.A. which allowed the Fund to borrow up to $300,000,000 until the stated maturity date of September 30, 2011. During the year ended March 31, 2012, the Fund utilized the demand note and borrowed for a period of 35 days with an average outstanding loan balance of $34,809,479 and a weighted average interest rate of 2.19% per annum. Interest expense related to the loan for the year ended March 31, 2012 was $73,100. At March 31, 2012, the Fund did not have any loan amounts outstanding.

9. NEW ACCOUNTING PRONOUNCEMENTS

In April 2011, the FASB issued Accounting Standards Update (“ASU”) 2011-03 “Reconsideration of Effective Control for Repurchase Agreements” (“ASU 2011-03”). The objective of ASU 2011-03 is to improve the accounting for repurchase agreements and similar agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. Under previous guidance, whether or not to account for a transaction as a sale was based on, in part, if the entity maintained effective control over the transferred financial assets. ASU 2011-03 removes the transferor’s ability criterion from the effective control assessment. This guidance is effective prospectively for interim and annual reporting periods beginning on or after December 15, 2011. Management is currently evaluating the implications of ASU 2011-03 and its impact on the financial statements.

In May 2011, the FASB issued ASU 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS” (“ASU 2011-04”). ASU 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 will require reporting entities to disclose the following information for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. In addition, ASU 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. At this time, management is evaluating the implications of ASU 2011-04 and its impact on the financial statements.

In December 2011, FASB issued ASU 2011-11 “Disclosures about Offsetting Assets and Liabilities”. The amendments in this ASU require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The ASU is effective for annual reporting periods beginning

 

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Notes to Financial Statements (concluded)

 

on or after January 1, 2013, and for interim periods within those annual reporting periods. The guidance requires retrospective application for all comparative periods presented. Management is currently evaluating the implications of ASU 2011-11 and its impact on the financial statements.

10. LEGAL MATTER

On December 1, 2011, Research Affiliates, LLC filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its affiliates, along with other parties, as defendants. The complaint alleges that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint seeks both unspecified monetary damages to be determined and an injunction to prevent further infringement. The Trust filed its answer to the complaint on January 17, 2012. The Trust believes it has strong defenses to this lawsuit based on its belief that (i) the Trust’s Funds do not practice the indexing methods as claimed in the asserted patents because, for example, the factors used to select Fund assets include market capitalization and the price of the assets, and thus fall outside the scope of the asserted patents, which generally provide that selection of the assets to be used for creation of the index must be based upon factors that are sufficiently independent of market capitalization; and (ii) the patents should be declared invalid because, among other reasons, there is ample evidence that the concept of fundamentals based indexing was widely known and in commercial use by asset managers and index providers well before the patent applications at issue were filed by plaintiff. For example, in support of the defenses that the asserted patents are invalid, the Trust intends to present evidence that as far back as the early 1990s, Robert Jones at Goldman Sachs managed an earnings weighted index fund. As another example, the Trust intends to present evidence that Dow Jones launched a dividend weighted stock index in 2003. These examples support the Trust’s view that the asserted patents are invalid at least because earlier publications and activities of investment professionals anticipated or made obvious plaintiff’s alleged inventions.

While at this early stage of the proceedings it is not possible to determine the probability of any outcome or the probability or amount of any loss, the Trust is confident in the merits of its position. Nevertheless, an adverse resolution could have a negative impact on the Trust and the Funds. For example, in the event of an unfavorable outcome the Trust may be required to pay ongoing license fees if WisdomTree Investments cannot change its indexes in a manner that does not infringe on the patents. This could increase the Funds’ expense ratios and have a negative impact on Fund performance. WTAM and WisdomTree Investments have contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint. The Trust intends to vigorously defend against plaintiff’s claims.

 

WisdomTree Domestic and International Earnings Funds      87   

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 Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund, WisdomTree LargeCap Growth Fund and WisdomTree India Earnings Fund (seven of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2012, and the related statements of operations for the year then ended, the changes in net assets for each of the two years in the period then 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, 2012, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund, WisdomTree LargeCap Growth Fund and WisdomTree India Earnings Fund of WisdomTree Trust at March 31, 2012, 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.

 

LOGO

New York, New York

May 25, 2012

 

88   WisdomTree Domestic and International Earnings Funds

Table of Contents

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

 

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 1, 2012, the Board of Trustees (the “Board”) re-approved the Investment Advisory Agreement for each 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; and (v) whether the fee levels reflect these economies of scale for the benefit of investors.

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, 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 for each Fund. 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 re-approved the Sub-Advisory Agreement between WTAM and MCM, on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. 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, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending 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 for each Fund.

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 re-approval of the Advisory Agreement and the Sub-Advisory Agreement for each Fund 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 for each Fund.

 

WisdomTree Domestic and International Earnings Funds      89   

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 Total Earnings Fund

                         

February 23, 2007 – March 31, 2012

        0 – 24.9           550           40.80 %         732           54.30 % 
       25 – 49.9           17           1.26 %         27           2.00 % 
       50 – 74.9           3           0.22 %         7           0.52 % 
       75 – 99.9           5           0.37 %         0           0.00 % 
       100 – 124.9           0           0.00 %         1           0.08 % 
       125 – 174.9           0           0.00 %         0           0.00 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           0           0.00 %         1           0.08 % 
       >250           4           0.30 %         1           0.07 % 
         Total          579           42.95 %         769           57.05 % 

WisdomTree Earnings 500 Fund

                         

February 23, 2007 – March 31, 2012

        0 – 24.9           518           38.43 %         746           55.34 % 
       25 – 49.9           20           1.48 %         40           2.97 % 
       50 – 74.9           3           0.22 %         6           0.44 % 
       75 – 99.9           5           0.37 %         4           0.30 % 
       100 – 124.9           3           0.22 %         0           0.00 % 
       125 – 174.9           1           0.08 %         1           0.07 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           0           0.00 %         0           0.00 % 
       >250           1           0.08 %         0           0.00 % 
         Total          551           40.88 %         797           59.12 % 

WisdomTree MidCap Earnings Fund

                         

February 23, 2007 – March 31, 2012

        0 – 24.9           729           54.08 %         523           38.80 % 
       25 – 49.9           23           1.71 %         39           2.89 % 
       50 – 74.9           6           0.44 %         13           0.97 % 
       75 – 99.9           4           0.30 %         1           0.08 % 
       100 – 124.9           2           0.15 %         3           0.22 % 
       125 – 174.9           1           0.07 %         2           0.15 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           0           0.00 %         1           0.07 % 
       >250           0           0.00 %         1           0.07 % 
         Total          765           56.75 %         583           43.25 % 

 

90   WisdomTree Domestic and International Earnings 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 SmallCap Earnings Fund

                         

February 23, 2007 – March 31, 2012

        0 – 24.9           692           51.34 %         306           22.70 % 
       25 – 49.9           76           5.64 %         48           3.56 % 
       50 – 74.9           13           0.96 %         8           0.59 % 
       75 – 99.9           3           0.22 %         1           0.08 % 
       100 – 124.9           4           0.30 %         183           13.58 % 
       125 – 174.9           1           0.07 %         6           0.45 % 
       175 – 199.9           1           0.07 %         1           0.07 % 
       200 – 249.9           2           0.15 %         0           0.00 % 
       >250           2           0.15 %         1           0.07 % 
         Total          794           58.90 %         554           41.10 % 

WisdomTree LargeCap Value Fund

                         

February 23, 2007 – March 31, 2012

        0 – 24.9           520           38.58 %         723           53.63 % 
       25 – 49.9           20           1.48 %         33           2.45 % 
       50 – 74.9           10           0.74 %         7           0.52 % 
       75 – 99.9           9           0.67 %         4           0.30 % 
       100 – 124.9           5           0.37 %         3           0.22 % 
       125 – 174.9           2           0.15 %         2           0.15 % 
       175 – 199.9           1           0.07 %         0           0.00 % 
       200 – 249.9           2           0.15 %         0           0.00 % 
       >250           6           0.45 %         1           0.07 % 
         Total          575           42.66 %         773           57.34 % 

WisdomTree LargeCap Growth Fund

                         

December 4, 2008 – March 31, 2012

        0 – 24.9           452           50.33 %         421           46.89 % 
       25 – 49.9           11           1.22 %         8           0.89 % 
       50 – 74.9           0           0.00 %         1           0.11 % 
       75 – 99.9           4           0.45 %         0           0.00 % 
       100 – 124.9           0           0.00 %         0           0.00 % 
       125 – 174.9           0           0.00 %         1           0.11 % 
       175 – 199.9           0           0.00 %         0           0.00 % 
       200 – 249.9           0           0.00 %         0           0.00 % 
       >250           0           0.00 %         0           0.00 % 
         Total          467           52.00 %         431           48.00 % 

WisdomTree India Earnings Fund

                         

February 22, 2008 – March 31, 2012

        0 – 24.9           76           6.93 %         83           7.57 % 
       25 – 49.9           101           9.21 %         80           7.29 % 
       50 – 74.9           107           9.75 %         68           6.20 % 
       75 – 99.9           84           7.66 %         48           4.37 % 
       100 – 124.9           79           7.20 %         40           3.65 % 
       125 – 174.9           71           6.47 %         55           5.01 % 
       175 – 199.9           36           3.28 %         23           2.10 % 
       200 – 249.9           32           2.92 %         28           2.55 % 
       >250           45           4.10 %         41           3.74 % 
         Total          631           57.52 %         466           42.48 % 

 

* Basis point (bps) is a unit that is equal to 1/100th of 1%.

 

WisdomTree Domestic and International Earnings Funds      91   

Table of Contents

Trustees and Officers Information (unaudited)

 

The Board has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board 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, New York 10017.

Interested Trustee and Officers

 

Name

(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)

During the Past 5 Years

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

Other

Directorships

Held by Trustee/

Officer

Jonathan Steinberg

(1964)

   Trustee, President*  

Trustee and

Officer

since 2005

   President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989.   48   None.

Amit Muni

(1969)

   Treasurer,* Assistant Secretary*  

Officer

since 2008

   Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008.   48   None.

Richard Morris

(1967)

  

Secretary,* Chief

Legal

Officer*

  

Officer

since 2005

   General Counsel of WisdomTree Asset Management since 2009; Chief Compliance Officer of WisdomTree Trust since 2009; Deputy General Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors, N.A. from 2002 to 2005.   48   None.

 

+

As of March 31, 2012.

 

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

 

92   WisdomTree Domestic and International Earnings Funds

Table of Contents

Trustees and Officers Information (unaudited) (concluded)

 

Independent Trustees

 

Name

(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)

During the Past 5 Years

   Number of Portfolios
in Fund Complex
Overseen by
Trustee+		  

Other
Directorships

Held by Trustee

Gregory Barton

(1961)*

   Trustee  

Trustee

since 2006

   Executive Vice President of Business Legal Affairs, General Counsel and Secretary of TheStreet, Inc. 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc.   48  

Trustee,

GLG

Investment

Series Trust; and Trustee, Man Long/Short Fund.

Toni Massaro

(1955)**

   Trustee  

Trustee

since 2006

   Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.   48   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. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds 1991 to 2004.   48  

Member of Board of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame.

 

+

As of March 31, 2012.

 

* Chair of the Audit Committee.

 

** Chair of the Governance and Nominating Committee.

 

WisdomTree Domestic and International Earnings Funds      93   

Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year ended March 31, 2012, is provided for information and 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 2013.

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, 2012, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income		  

Total Earnings Fund

    $ 875,900   

Earnings 500 Fund

      1,245,174   

MidCap Earnings Fund

      983,617   

SmallCap Earnings Fund

      1,255,651   

LargeCap Value Fund

      506,854   

LargeCap Growth Fund

      319,110   

India Earnings Fund (consolidated)

      9,252,605   

The following represents the percentage of dividends paid during the fiscal year ended March 31, 2012, that qualify for the 70% dividends received deduction for corporate shareholders:

 

Fund    Dividends-Received
Deduction

Total Earnings Fund

      100 %      

Earnings 500 Fund

      100 %      

MidCap Earnings Fund

      76 %      

SmallCap Earnings Fund

      69 %      

LargeCap Value Fund

      100 %      

LargeCap Growth Fund

      99 %      

India Earnings Fund (consolidated)

      0 %      

The Fund intends to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2012, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income		      Foreign Taxes
Paid		  

Total Earnings Fund

    $ —       $ —   

Earnings 500 Fund

      —         —   

MidCap Earnings Fund

      —         —   

SmallCap Earnings Fund

      —         —   

LargeCap Value Fund

      —         —   

LargeCap Growth Fund

      —         —   

India Earnings Fund (consolidated)

      18,263,811         550,097   

 

94   WisdomTree Domestic and International Earnings Funds

Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

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

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

Shareholder Reports and Quarterly Portfolio Disclosure

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

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

The 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 and International Earnings Funds      95   

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, 2012:

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

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

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree International Hedged Equity Fund (HEDJ)

 

WisdomTree International Dividend
Sector Funds

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

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

 

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

  

WisdomTree Domestic and International
Earnings Funds

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree LargeCap Growth Fund (ROI)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Currency Funds

 

WisdomTree Dreyfus Brazilian Real Fund (BZF)

 

WisdomTree Dreyfus Chinese Yuan Fund (CYB)

 

WisdomTree Dreyfus Commodity Currency Fund (CCX)

 

WisdomTree Dreyfus Emerging Currency Fund (CEW)

 

WisdomTree Dreyfus Indian Rupee Fund (ICN)

 

WisdomTree Dreyfus Japanese Yen Fund (JYF)

 

WisdomTree Dreyfus South African Rand Fund (SZR)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. The WisdomTree India Earnings Fund focuses its investments in India, thereby increasing the impact of events and developments associated with the region which can adversely affect performance. Investments in emerging, offshore or frontier markets such as India are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Due to the investment strategy of certain Fund’s they may make higher capital gain distributions than other ETFs. Please read each Fund’s prospectus for specific details regarding the Fund’s risk profile.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.

Table of Contents

WisdomTree Trust

380 Madison Avenue, 21st Floor

New York, NY 10017

 

LOGO

 

LOGO

 

WisdomTree Domestic and International Earnings Funds

WisdomTree Total Earnings Fund

WisdomTree Earnings 500 Fund

WisdomTree MidCap Earnings Fund

WisdomTree SmallCap Earnings Fund

WisdomTree LargeCap Value Fund

WisdomTree LargeCap Growth Fund

WisdomTree India Earnings Fund

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS004136 (05/2013)

Table of Contents

LOGO

 

LOGO

 

WisdomTree Trust

International Dividend and Sector Funds

 

Annual Report

March 31, 2012

WisdomTree DEFA Fund (DWM)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree Global Equity Income Fund (DEW)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Japan Hedged Equity Fund (DXJ)

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

(formerly, WisdomTree World ex-U.S. Growth Fund (DNL))

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

(formerly, WisdomTree Pacific ex-Japan Total Dividend Fund (DND))

WisdomTree Australia Dividend Fund (AUSE)

(formerly, 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 Hedged Equity Fund (HEDJ)

WisdomTree Commodity Country Equity Fund (CCXE)

(formerly, WisdomTree International Basic Materials Sector Fund (DBN))

WisdomTree Global Natural Resources Fund (GNAT)

(formerly, WisdomTree International Energy Sector Fund (DKA))

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

(formerly, WisdomTree International Utilities Sector Fund (DBU))

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

(formerly, WisdomTree International Real Estate Fund (DRW))

Table of Contents

Table of Contents

 

 

Management’s Discussion of Funds’ Performance (unaudited)

        1   

Performance Summaries (unaudited)

        4   

Description of Indexes (unaudited)

       25   

Shareholder Expense Examples (unaudited)

        29   
Schedules of Investments     

WisdomTree DEFA Fund

        32   

WisdomTree DEFA Equity Income Fund

        40   

WisdomTree Global Equity Income Fund

        45   

WisdomTree Europe SmallCap Dividend Fund

        52   

WisdomTree Japan Hedged Equity Fund

        56   

WisdomTree Global ex-U.S. Growth Fund

        64   

WisdomTree Japan SmallCap Dividend Fund

        68   

WisdomTree Asia Pacific ex-Japan Fund

        75   

WisdomTree Australia Dividend Fund

        78   

WisdomTree International LargeCap Dividend Fund

        80   

WisdomTree International Dividend ex-Financials Fund

        83   

WisdomTree International MidCap Dividend Fund

        85   

WisdomTree International SmallCap Dividend Fund

        91   

WisdomTree Emerging Markets Equity Income Fund

        99   

WisdomTree Emerging Markets SmallCap Dividend Fund

        103   

WisdomTree Middle East Dividend Fund

        110   

WisdomTree International Hedged Equity Fund

        111   

WisdomTree Commodity Country Equity Fund

        119   

WisdomTree Global Natural Resources Fund

        121   

WisdomTree Global ex-U.S. Utilities Fund

        123   

WisdomTree Global ex-U.S. Real Estate Fund

        125   

Statements of Assets and Liabilities

        128   

Statements of Operations

        132   

Statements of Changes in Net Assets

        136   

Financial Highlights

        143   

Notes to Financial Statements

        154   

Report of Independent Registered Public Accounting Firm

        179   

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

        180   

Frequency Distribution of Discounts & Premiums (unaudited)

        181   

Trustees and Officer Information (unaudited)

        186   

Supplemental Information (unaudited)

        188   

General Information (unaudited)

        190   

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

 

Table of Contents

Management’s Discussion of Funds’ Performance

 

Market Environment Overview

The international equity markets, measured by the MSCI EAFE Index, a broad measure of equity performance for the developed world outside the U.S. and Canada, returned -5.77% in the 12-month period that ended March, 31, 2012 (the “period”). Compared to peak levels reached in 2007, the MSCI EAFE Index is still down on a cumulative basis by more than 25%. The emerging markets, shown through the MSCI Emerging Markets Index, failed to keep pace with the developed world markets for the period. The MSCI Emerging Markets Index returned -8.80% over the period. This was more than 15 percentage points behind the S&P 500 and roughly 3 percentage points behind the MSCI EAFE Index.

One of the main factors for the negative equity performance internationally remained the uncertainties of the peripheral European countries’ mounting debts and their impact on the European Union or, “EU”, as well as the global economy. Largely as a result of these uncertainties the MSCI EAFE Index experienced a significant decline in the first eight months of the period through November 2011. In December 2011, the European Central Bank (“ECB”) announced an emergency operation aimed at reducing fears about the stability of European banks. This program, dubbed LTRO for Long-Term Refinancing Operation, gave European banks the ability to pledge a wide swath of collateral with the ECB in return for loans with a three-year term and 1% interest rate charge. The LTROs alleviated a lot of the pressure of bank funding and helped reduce pressures on European governments, as the banks had more capital that they could use to buy sovereign bonds. The international markets rallied significantly following the LTRO activities in December 2011 to erase much of the losses they experienced in the first 8 months of the period.

With all this volatility in the markets and fears about global growth prospects, there were only two sectors — Consumer Staples and Health Care — that contributed positively to the MSCI EAFE returns over the period. The Consumer Discretionary sector was essentially flat and the remaining seven sectors (Information Technology, Energy, Industrials, Telecommunication Services, Financials, Materials, and Utilities) contributed negatively to the MSCI EAFE performance for the period. Telecommunication Services, Financials, Materials, and Utilities each experienced losses of more than 15% for the period.

WisdomTree Funds’ Performance Overview

Measured in local currency, the MSCI EAFE Index returned -4.12% over the period. The foreign currency component of the developed world returns subtracted a little less than 2 percentage points to the returns of the MSCI EAFE Index. During the period, the euro depreciated against the U.S. dollar, weakening by more than 5% over the period. Weakening currencies relative to the U.S. dollar decrease the value of foreign investments measured in U.S. dollars and tend to lower returns experienced by U.S. investors who invest overseas.

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

 

Ticker   WisdomTree Fund   1-Year
NAV Return		   Cap-Weighted Benchmark   1-Year
Return		        Difference  

DWM

   WisdomTree DEFA Fund   -6.18%   MSCI EAFE Index     -5.77%           -0.41%   

DTH

   WisdomTree DEFA Equity Income Fund   -7.45%   MSCI EAFE Value Index     -7.83%           0.38%   

DEW

   WisdomTree Global Equity Income Fund   -2.70%   MSCI Europe Value/MSCI AC World Spliced Index     -0.73%           -1.97%   

DFE

   WisdomTree Europe SmallCap Dividend Fund   -9.80%   MSCI Europe SmallCap Index     -10.17%           0.37%   

DXJ

   WisdomTree Japan Hedged Equity Fund   1.46%   MSCI Japan/MSCI Japan Local Currency Spliced Index     -0.45%           1.91%   

DNL

   WisdomTree Global ex-US Growth Fund   -5.20%   MSCI Japan Value/MSCI AC World ex-USA Growth Spliced Index     -6.26%           1.06%   

 

WisdomTree International Dividend and Sector Funds      1   

Table of Contents

Management’s Discussion of Funds’ Performance

(continued)

 

Ticker   WisdomTree Fund   1-Year
NAV Return		   Cap-Weighted Benchmark   1-Year
Return		        Difference  

DFJ

   WisdomTree Japan SmallCap Dividend Fund   7.36%   MSCI Japan Small Cap Index     5.15%           2.21%   

AXJL

   WisdomTree Asia Pacific ex-Japan Fund   -2.22%   MSCI Pacific ex-Japan/MSCI AC Asia Pacific ex-Japan Spliced Index     -7.03%           4.81%   

AUSE

   WisdomTree Australia Dividend Fund   -3.86%   MSCI Pacific ex-Japan Value/MSCI Australia Spliced Index     -5.32%           1.46%   

DOL

   WisdomTree International LargeCap Dividend Fund   -6.02%   MSCI EAFE Index     -5.77%           -0.25%   

DOO

   WisdomTree International Dividend ex-Financials Fund   -7.24%   MSCI EAFE Value Index     -7.83%           0.59%   

DIM

   WisdomTree International MidCap Dividend Fund   -7.21%   MSCI EAFE Mid Cap Index     -6.65%           -0.56%   

DLS

   WisdomTree International SmallCap Dividend Fund   -3.41%   MSCI EAFE Small Cap Index     -6.23%           2.82%   

DEM

   WisdomTree Emerging Markets Equity Income Fund   -1.03%   MSCI Emerging Markets Index     -8.80%           7.77%   

DGS

   WisdomTree Emerging Markets SmallCap Dividend Fund   -6.88%   MSCI Emerging Markets Small Cap Index     -12.70%           5.82%   

GULF

   WisdomTree Middle East Dividend Fund   1.35%   MSCI Arabian Markets ex Saudi Arabia Index     -3.34%           4.69%   

HEDJ

   WisdomTree International Hedged Equity Fund   -4.41%   MSCI EAFE Local Currency Index     -4.12%           -0.29%   

CCXE

   WisdomTree Commodity Country Equity Fund   -1.77%   S&P Developed Ex-U.S. BMI Materials/MSCI ACWI ex-USA Spliced Index     -9.84%           8.07%   

GNAT

   WisdomTree Global Natural Resources Fund   -12.70%   S&P Developed Ex-U.S. BMI Energy/S&P Global Natural Resources Spliced Index     -13.92%           1.22%   

DBU

   WisdomTree Global ex-U.S. Utilities Sector Fund   -7.41%   S&P Developed Ex-U.S. BMI Utilities Sector Index     -13.10%           5.69%   

DRW

   WisdomTree Global ex-U.S. Real Estate Fund   -3.99%   Dow Jones Global ex-U.S. Select Real Estate Securities Index     -0.95%           -3.04%   

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

WisdomTree’s best performing region and Funds for the year were Japan. Both the WisdomTree Japan SmallCap Dividend Fund (DFJ) and the WisdomTree Japan Hedged Equity Fund (DXJ) had positive absolute returns for the period. These two examples of positive absolute performance are notable given that Japan was devastated by the earthquake, tsunami, and nuclear disasters only a year ago in March 2011 and exporters were hurt by a strengthening yen for most of the period. Small cap Japanese stocks are more domestically sensitive and more closely tied to the local economy and did well as the country spent billions to rebuild. The WisdomTree Japan SmallCap Dividend Fund returned 7.36% for the period. This was more than 2 percentage points higher than the MSCI Japan Small Cap Index return of 5.15%.

The only other WisdomTree Fund to provide positive absolute returns for the period was the WisdomTree Middle East Dividend Fund (GULF). Even though geopolitical risk was heightened in the Middle East as tensions in the region escalated to violence in countries such as Egypt, Syria, Tunisia, Bahrain, Yemen, and Libya, the WisdomTree Middle East Dividend Fund returned 1.35%, which was more than 4.5 percentage points higher than the MSCI Arabian Markets ex-Saudi Arabia Index return of -3.34%.

 

2   WisdomTree International Dividend and Sector Funds

Table of Contents

Management’s Discussion of Funds’ Performance

(concluded)

 

While emerging markets, as measured by the MSCI Emerging Markets Index, were down 8.80%, both the WisdomTree Emerging Markets Equity Income Fund (DEM) and the WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) experienced relatively favorable performance for the period only down -1.03% and -6.88% respectively. The MSCI Emerging Markets Index was more exposed to India, China, and Russia compared to the WisdomTree Funds. These markets suffered as investors’ fled risky assets. WisdomTree Emerging Markets Funds are dividend focused and as such India, China and Russia were under represented in both DEM and DGS, which helped the Funds’ performance. Both DEM and DGS benefited from exposure to Taiwan, which had positive returns for the period.

The two WisdomTree International Funds with the lowest returns over the period were the WisdomTree Global Natural Resources Fund and the WisdomTree Europe SmallCap Dividend Fund. The WisdomTree Europe SmallCap Dividend Fund’s decline can be associated with the continuing troubles in the European economy with the ongoing debt crisis. This Fund has both exposure to the euro, which declined 5% over the period, as well as cyclical sectors, such as those that were negatively impacted by fears over the continuing weakness in the European economies. Commodity sectors such as those in the WisdomTree Global Natural Resources Fund, experienced the greatest declines in the global markets. Commodity prices are sensitive to economic conditions and there were ongoing questions about global growth prospects emanating from the same European issues mentioned above.

Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see pages 25-27 for the list of index descriptions.

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

 

WisdomTree International Dividend and Sector Funds      3   

Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Fund (DWM)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     18.1%   

Japan

     13.3%   

Australia

     11.5%   

France

     9.5%   

Germany

     6.9%   

Switzerland

     6.5%   

Spain

     4.9%   

Hong Kong

     4.7%   

Italy

     3.2%   

Sweden

     3.2%   

Singapore

     2.0%   

Norway

     1.9%   

Netherlands

     1.8%   

Finland

     1.3%   

Belgium

     1.2%   

Austria

     0.4%   

Denmark

     0.4%   

Portugal

     0.4%   

Ireland

     0.3%   

New Zealand

     0.2%   

United States

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

China Mobile Ltd.

     1.9%   

Vodafone Group PLC

     1.7%   

Nestle S.A.

     1.5%   

Total S.A.

     1.4%   

Commonwealth Bank of Australia

     1.4%   

Roche Holding AG-Genusschein

     1.4%   

Westpac Banking Corp.

     1.3%   

GlaxoSmithKline PLC

     1.3%   

Telefonica S.A.

     1.3%   

HSBC Holdings PLC

     1.3%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

 

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

The Fund returned -6.18% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United Kingdom. The Fund’s position in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/12

 

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

One Year

        -6.18 %       -5.67 %       -6.25 %       -5.77 % 

Three Year

        16.51 %       16.89 %       16.81 %       17.13 % 

Five Year

        -3.41 %       -3.36 %       -3.08 %       -3.51 % 

Since Inception1

        1.41 %       1.55 %       1.86 %       0.83 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

4   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree DEFA Equity Income Fund (DTH)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     19.8%   

Australia

     16.0%   

France

     11.1%   

Spain

     7.4%   

Germany

     6.2%   

Switzerland

     5.7%   

Japan

     4.8%   

Hong Kong

     4.5%   

Italy

     3.8%   

Sweden

     2.8%   

Norway

     2.8%   

Singapore

     1.9%   

Netherlands

     1.8%   

Finland

     1.7%   

Portugal

     0.7%   

Belgium

     0.6%   

United States

     0.4%   

New Zealand

     0.4%   

Ireland

     0.2%   

Austria

     0.2%   

Denmark

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

China Mobile Ltd.

     3.2%   

Vodafone Group PLC

     2.9%   

Total S.A.

     2.5%   

Commonwealth Bank of Australia

     2.3%   

GlaxoSmithKline PLC

     2.3%   

Westpac Banking Corp.

     2.3%   

HSBC Holdings PLC

     2.2%   

Telefonica S.A.

     2.2%   

Novartis AG

     2.1%   

ENI SpA

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

The Fund returned -7.45% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the United Kingdom. The Fund’s position in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

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

One Year

        -7.45 %       -7.22 %       -7.69 %       -7.83 % 

Three Year

        15.97 %       16.25 %       16.31 %       16.50 % 

Five Year

        -4.73 %       -4.78 %       -4.28 %       -5.18 % 

Since Inception1

        0.14 %       0.18 %       0.86 %       -0.47 % 
1

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      5   

Table of Contents

Performance Summary (unaudited)

WisdomTree Global Equity Income Fund (DEW)

 

Country Breakdown† as of 3/31/12

 

 

United States

     18.5%   

United Kingdom

     12.0%   

Australia

     9.2%   

France

     6.7%   

Switzerland

     4.9%   

Canada

     4.4%   

Spain

     4.3%   

Japan

     4.1%   

Germany

     4.1%   

Brazil

     2.9%   

Hong Kong

     2.7%   

Italy

     2.4%   

Taiwan

     2.3%   

Sweden

     1.8%   

South Africa

     1.6%   

Norway

     1.5%   

Malaysia

     1.3%   

Singapore

     1.1%   

Finland

     1.0%   

Netherlands

     1.0%   

Chile

     0.7%   

Russia

     0.6%   

Thailand

     0.6%   

China

     0.5%   

Turkey

     0.5%   

Czech Republic

     0.5%   

South Korea

     0.4%   

Israel

     0.4%   

Portugal

     0.3%   

Philippines

     0.3%   

Poland

     0.3%   

Belgium

     0.3%   

Indonesia

     0.3%   

Mexico

     0.2%   

Austria

     0.2%   

Argentina

     0.2%   

New Zealand

     0.1%   

Ireland

     0.1%   

Hungary

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

AT&T, Inc.

     2.0%   

China Mobile Ltd.

     1.8%   

Vodafone Group PLC

     1.7%   

Nestle S.A.

     1.4%   

Total S.A.

     1.4%   

Pfizer, Inc.

     1.3%   

GlaxoSmithKline PLC

     1.3%   

Commonwealth Bank of Australia

     1.3%   

Westpac Banking Corp.

     1.3%   

Telefonica S.A.

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

 

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

The Fund returned -2.70% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United States. The Fund’s position in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
Europe Equity Income/
Global Equity Income
Spliced Index1		      MSCI
Europe Value/MSCI
AC World Spliced
Index2		  

One Year

        -2.70 %       -3.05 %       -2.97 %       -0.73 % 

Three Year

        21.29 %       21.28 %       21.35 %       23.90 % 

Five Year

        -3.22 %       -3.25 %       -3.09 %       -3.41 % 

Since Inception3

        1.36 %       1.29 %       1.70 %       1.40 % 
1

WisdomTree Europe Equity Income Index through June 19, 2009; WisdomTree Global Equity Income Index thereafter.

 

2 

MSCI Europe Value Index through June 19, 2009; MSCI AC World Index thereafter.

 

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

6   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     31.9%   

Sweden

     13.0%   

Italy

     9.2%   

Germany

     7.1%   

Finland

     5.4%   

Norway

     4.0%   

Belgium

     3.7%   

France

     3.5%   

Netherlands

     3.4%   

Spain

     3.1%   

Portugal

     2.0%   

Ireland

     1.9%   

Austria

     1.3%   

Denmark

     1.2%   

Switzerland

     0.7%   

United States

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

Cofinimmo

     1.3%   

NCC AB Class B

     1.3%   

Close Brothers Group PLC

     1.2%   

Antena 3 de Television S.A.

     1.2%   

De La Rue PLC

     1.0%   

Tieto Oyj

     1.0%   

Banca Generali SpA

     1.0%   

Comdirect Bank AG

     0.9%   

Greene King PLC

     0.9%   

Fabege AB

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

The Fund returned -9.80% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United Kingdom. The Fund’s investment in Italy created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

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

One Year

        -9.80 %       -9.07 %       -9.81 %       -10.17 % 

Three Year

        24.17 %       24.52 %       24.93 %       26.69 % 

Five Year

        -5.86 %       -5.79 %       -5.62 %       -3.55 % 

Since Inception1

        0.61 %       0.56 %       0.87 %       2.83 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      7   

Table of Contents

Performance Summary (unaudited)

WisdomTree Japan Hedged Equity Fund (DXJ)

 

Sector Breakdown† as of 3/31/12‡

 

 

Industrials

     13.9%   

Financials

     13.9%   

Consumer Discretionary

     12.0%   

Information Technology

     9.1%   

Health Care

     6.2%   

Consumer Staples

     6.0%   

Telecommunication Services

     5.9%   

Materials

     5.4%   

Utilities

     3.6%   

Energy

     1.4%   

Other

     22.6%   

 

† 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 3/31/12

 

Description   % of Net Assets  

NTT DoCoMo, Inc.

     3.5%   

Toyota Motor Corp.

     3.2%   

Mitsubishi UFJ Financial Group, Inc.

     3.1%   

Nippon Telegraph & Telephone Corp.

     3.0%   

Sumitomo Mitsui Financial Group, Inc.

     2.7%   

Canon, Inc.

     2.7%   

Mizuho Financial Group, Inc.

     2.5%   

Takeda Pharmaceutical Co. Ltd.

     2.3%   

Honda Motor Co., Ltd.

     1.6%   

Mitsubishi Corp.

     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 Japan Hedged Equity Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund seeks to provide Japanese equity returns while mitigating or “hedging” against fluctuations between the value of the Japanese yen and the U.S. dollar.

The Fund returned 1.46% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the Consumer Discretionary sector. The Fund’s position in the Utilities sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
Japan Dividend/
Japan Hedged Equity
Spliced Index1		      MSCI Japan/MSCI
Japan Local
Currency
Spliced Index2		  

One Year

        1.46 %       2.70 %       1.63 %       -0.45 % 

Three Year

        6.28 %       5.64 %       6.55 %       7.09 % 

Five Year

        -7.01 %       -6.86 %       -7.08 %       -7.68 % 

Since Inception3

        -3.98 %       -3.76 %       -3.99 %       -4.71 % 
1 

WisdomTree Japan Dividend Index through March 31, 2010; WisdomTree Japan Hedged Equity Index thereafter.

 

2 

MSCI Japan Index through March 31, 2010; MSCI Japan Local Currency Index thereafter.

 

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

8   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

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

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     24.2%   

Hong Kong

     7.4%   

Russia

     6.6%   

Taiwan

     6.6%   

Brazil

     6.1%   

Thailand

     4.4%   

France

     3.9%   

South Korea

     3.2%   

Spain

     3.2%   

Germany

     3.0%   

China

     2.9%   

Mexico

     2.5%   

South Africa

     2.4%   

Indonesia

     2.2%   

Japan

     1.9%   

Switzerland

     1.8%   

Canada

     1.8%   

Italy

     1.7%   

Denmark

     1.3%   

Turkey

     0.9%   

Sweden

     0.9%   

Malaysia

     0.8%   

Chile

     0.8%   

Australia

     0.8%   

Philippines

     0.7%   

United States

     0.7%   

Singapore

     0.5%   

Portugal

     0.5%   

Finland

     0.4%   

Netherlands

     0.2%   

Norway

     0.2%   

Austria

     0.2%   

Belgium

     0.2%   

Poland

     0.2%   

Ireland

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Royal Dutch Shell PLC Class A

     6.0%   

Royal Dutch Shell PLC Class B

     5.2%   

Taiwan Semiconductor Manufacturing Co., Ltd.

     3.0%   

Gazprom OAO ADR

     2.7%   

CNOOC Ltd.

     2.4%   

National Grid PLC

     2.1%   

Vale S.A.

     2.0%   

BHP Billiton PLC

     1.9%   

Kumba Iron Ore Ltd.

     1.6%   

LVMH Moet Hennessy Louis Vuitton S.A.

     1.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

 

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

The Fund returned -5.20% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the Consumer Discretionary sector. The Fund’s position in the Materials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.60%.

Performance as of 3/31/12

 

        Average Annual Total Return  
       

Fund

Net Asset Value

     

Fund

Market Price

      WisdomTree
Japan Equity Income/
Global ex-U.S. Growth
Spliced Index1		      MSCI Japan Value/
MSCI AC World
ex-U.S.A. Growth
Spliced Index2		  

One Year

        -5.20 %       -5.70 %       -4.44 %       -6.26 % 

Three Year

        16.31 %       15.61 %       17.16 %       19.41 % 

Five Year

        -0.42 %       -0.44 %       0.06 %       0.22 % 

Since Inception3

        2.71 %       2.83 %       3.22 %       3.32 % 
1 

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

 

2 

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

 

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      9   

Table of Contents

Performance Summary (unaudited)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

Sector Breakdown† as of 3/31/12‡

 

 

Industrials

     21.6%   

Consumer Discretionary

     18.8%   

Financials

     12.0%   

Consumer Staples

     10.9%   

Information Technology

     10.6%   

Materials

     9.6%   

Health Care

     4.4%   

Energy

     1.0%   

Utilities

     0.6%   

Other

     10.5%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Park24 Co., Ltd.

     0.8%   

Circle K Sunkus Co., Ltd.

     0.6%   

Alfresa Holdings Corp.

     0.6%   

Yokohama Rubber Co., Ltd. (The)

     0.6%   

Otsuka Corp.

     0.6%   

Century Tokyo Leasing Corp.

     0.6%   

Square Enix Holdings Co., Ltd.

     0.6%   

Hikari Tsushin, Inc.

     0.6%   

Chiyoda Co., Ltd.

     0.6%   

Hitachi Capital Corp.

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

The Fund returned 7.36% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investments in the Consumer Discretionary sector. The Fund’s position in the Materials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
       

Fund

Net Asset Value

     

Fund

Market Price

      WisdomTree Japan
SmallCap Dividend
Index		      MSCI Japan
Small Cap Index		  

One Year

        7.36 %       8.10 %       8.41 %       5.15 % 

Three Year

        15.21 %       14.79 %       16.73 %       15.39 % 

Five Year

        -1.13 %       -1.09 %       -0.41 %       -2.26 % 

Since Inception1

        -0.42 %       -0.12 %       0.31 %       -1.69 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

10   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

Country Breakdown† as of 3/31/12

 

 

Australia

     24.0%   

Hong Kong

     19.1%   

Taiwan

     11.7%   

China

     10.6%   

South Korea

     7.2%   

Singapore

     6.4%   

Malaysia

     6.3%   

Thailand

     4.6%   

Indonesia

     3.9%   

United States

     2.4%   

Philippines

     1.3%   

New Zealand

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

China Mobile Ltd.

     7.9%   

China Construction Bank Corp. Class H

     4.5%   

Commonwealth Bank of Australia

     3.3%   

Westpac Banking Corp.

     3.2%   

Australia & New Zealand Banking Group Ltd.

     2.7%   

Telstra Corp., Ltd.

     2.6%   

WisdomTree India Earnings Fund

     2.5%   

Taiwan Semiconductor Manufacturing Co., Ltd.

     2.4%   

National Australia Bank Ltd.

     2.3%   

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

The Fund returned -2.22% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in Thailand. The Fund’s investment in China created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
Pacific ex-Japan
Dividend/Asia
Pacific ex-Japan
Spliced Index1		      MSCI Pacific
ex-Japan/MSCI AC
Asia Pacific ex-Japan
Spliced Index2		  

One Year

        -2.22 %       -1.93 %       -1.42 %       -7.03 % 

Three Year

        24.46 %       24.43 %       26.07 %       25.44 % 

Five Year

        4.06 %       4.02 %       5.32 %       3.07 % 

Since Inception3

        9.25 %       9.37 %       10.50 %       7.99 % 
1 

WisdomTree Pacific ex-Japan Dividend Index through June 17, 2011; WisdomTree Asia Pacific ex-Japan Index thereafter.

 

2 

MSCI Pacific ex-Japan Index through June 17, 2011; MSCI AC Asia Pacific ex-Japan Index thereafter.

 

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      11   

Table of Contents

Performance Summary (unaudited)

WisdomTree Australia Dividend Fund (AUSE)

 

Sector Breakdown† as of 3/31/12

 

 

Financials

     18.5%   

Consumer Discretionary

     14.7%   

Industrials

     11.4%   

Consumer Staples

     10.5%   

Materials

     7.9%   

Energy

     7.2%   

Health Care

     7.0%   

Telecommunication Services

     4.9%   

Information Technology

     3.9%   

Utilities

     1.6%   

Other

     12.4%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Telstra Corp., Ltd.

     4.4%   

Metcash Ltd.

     3.2%   

Westpac Banking Corp.

     3.0%   

Australia & New Zealand Banking Group Ltd.

     3.0%   

Myer Holdings Ltd.

     2.9%   

Commonwealth Bank of Australia

     2.6%   

National Australia Bank Ltd.

     2.5%   

QBE Insurance Group Ltd.

     2.5%   

Toll Holdings Ltd.

     2.4%   

Leighton Holdings Ltd.

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

The Fund returned -3.86% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in Telecommunications Services. The Fund’s investments in Consumer Discretionary created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
Pacific ex-Japan
Equity Income/
Australia Dividend
Spliced Index1		      MSCI Pacific
ex-Japan
Value/MSCI
Australia Spliced
Index2		  

One Year

        -3.86 %       -3.56 %       -3.65 %       -5.32 % 

Three Year

        28.55 %       28.60 %       29.26 %       27.18 % 

Five Year

        3.23 %       3.17 %       3.77 %       2.31 % 

Since Inception3

        8.67 %       8.72 %       9.29 %       7.20 % 
1 

WisdomTree Pacific ex-Japan Equity Income Index through June 17, 2011; WisdomTree Australia Dividend Index thereafter.

 

2 

MSCI Pacific ex-Japan Value Index through June 17, 2011; MSCI Australia Index thereafter.

 

3 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

12   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree International LargeCap Dividend Fund (DOL)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     19.6%   

Australia

     11.3%   

France

     11.2%   

Japan

     9.6%   

Germany

     8.3%   

Switzerland

     8.1%   

Spain

     5.5%   

Hong Kong

     5.2%   

Italy

     3.4%   

Sweden

     2.7%   

Norway

     1.8%   

Netherlands

     1.6%   

Singapore

     1.5%   

Finland

     1.0%   

Belgium

     0.9%   

Denmark

     0.3%   

Portugal

     0.2%   

Ireland

     0.2%   

Austria

     0.2%   

United States

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

China Mobile Ltd.

     2.6%   

Vodafone Group PLC

     2.3%   

Nestle S.A.

     2.1%   

Total S.A.

     1.9%   

Royal Dutch Shell PLC Class A

     1.8%   

Commonwealth Bank of Australia

     1.8%   

GlaxoSmithKline PLC

     1.8%   

Westpac Banking Corp.

     1.8%   

Telefonica S.A.

     1.7%   

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

The Fund returned -6.02% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United Kingdom. The Fund’s position in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.48%.

Performance as of 3/31/12

 

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

One Year

        -6.02 %       -5.51 %       -6.08 %       -5.77 % 

Three Year

        15.36 %       15.28 %       15.62 %       17.13 % 

Five Year

        -3.35 %       -3.38 %       -3.29 %       -3.51 % 

Since Inception1

        1.07 %       1.02 %       1.39 %       0.83 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      13   

Table of Contents

Performance Summary (unaudited)

WisdomTree International Dividend ex-Financials Fund (DOO)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     19.9%   

Australia

     15.1%   

France

     10.7%   

Japan

     9.1%   

Germany

     7.6%   

Spain

     5.2%   

Italy

     4.6%   

Switzerland

     3.1%   

Netherlands

     3.1%   

Finland

     2.6%   

Belgium

     2.5%   

Portugal

     2.4%   

Sweden

     2.4%   

Norway

     2.2%   

Singapore

     1.6%   

Hong Kong

     1.1%   

Ireland

     1.0%   

Austria

     0.7%   

United States

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

Telstra Corp., Ltd.

     3.5%   

Belgacom S.A.

     2.1%   

Nokia Oyj

     1.9%   

RWE AG

     1.9%   

Amcor Ltd.

     1.7%   

SembCorp Marine Ltd.

     1.7%   

E.ON AG

     1.7%   

France Telecom S.A.

     1.6%   

Coca-Cola Amatil Ltd.

     1.6%   

ENI SpA

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

The Fund returned -7.24% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United Kingdom. The Fund’s position in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
International Dividend
Top 100/International
Dividend ex-Financials
Spliced Index1		      MSCI EAFE
Value Index		  

One Year

        -7.24 %       -7.15 %       -7.29 %       -7.83 % 

Three Year

        18.55 %       18.81 %       18.44 %       16.50 % 

Five Year

        -3.77 %       -3.86 %       -3.76 %       -5.18 % 

Since Inception2

        1.73 %       1.64 %       1.89 %       -0.47 % 
1 

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

 

2 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

14   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree International MidCap Dividend Fund (DIM)

 

Country Breakdown† as of 3/31/12

 

 

Japan

     21.7%   

United Kingdom

     13.9%   

Australia

     10.5%   

France

     5.7%   

Sweden

     5.4%   

Hong Kong

     3.8%   

Singapore

     3.7%   

Spain

     3.5%   

Italy

     3.3%   

Germany

     2.8%   

Finland

     2.4%   

Switzerland

     2.4%   

Netherlands

     2.2%   

Norway

     2.0%   

Belgium

     1.6%   

Portugal

     1.2%   

Austria

     1.2%   

New Zealand

     0.7%   

Denmark

     0.5%   

Ireland

     0.5%   

United States

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Suncorp Group Ltd.

     0.8%   

Leighton Holdings Ltd.

     0.7%   

Legal & General Group PLC

     0.7%   

Amcor Ltd.

     0.7%   

Coca-Cola Amatil Ltd.

     0.7%   

Standard Life PLC

     0.6%   

Orica Ltd.

     0.6%   

Eisai Co., Ltd.

     0.6%   

SembCorp Marine Ltd.

     0.6%   

Terna Rete Elettrica Nazionale SpA

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

The Fund returned -7.21% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from investment in the United Kingdom. The Fund’s position in Italy created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

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

One Year

        -7.21 %       -6.94 %       -7.99 %       -6.65 % 

Three Year

        19.20 %       19.09 %       19.50 %       19.21 % 

Five Year

        -2.85 %       -2.96 %       -3.04 %       -4.19 % 

Since Inception1

        2.80 %       2.69 %       2.79 %       0.92 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      15   

Table of Contents

Performance Summary (unaudited)

WisdomTree International SmallCap Dividend Fund (DLS)

 

Country Breakdown† as of 3/31/12

 

 

Japan

     33.1%   

Australia

     14.3%   

United Kingdom

     11.9%   

Sweden

     4.2%   

Italy

     3.7%   

Singapore

     3.2%   

Germany

     2.6%   

New Zealand

     2.4%   

Norway

     1.9%   

Finland

     1.7%   

Hong Kong

     1.6%   

France

     1.5%   

Netherlands

     1.4%   

Spain

     1.2%   

Austria

     1.0%   

Belgium

     0.8%   

Portugal

     0.7%   

Ireland

     0.7%   

Denmark

     0.4%   

Switzerland

     0.3%   

United States

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

Provident Financial PLC

     0.7%   

Monadelphous Group Ltd.

     0.6%   

Cable & Wireless Communications PLC

     0.6%   

Vector Ltd.

     0.6%   

Rallye S.A.

     0.6%   

Envestra Ltd.

     0.6%   

Consolidated Media Holdings Ltd.

     0.5%   

Myer Holdings Ltd.

     0.5%   

Aker ASA Class A

     0.5%   

Oesterreichische Post AG

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

The Fund returned -3.41% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in Japan. The Fund’s position in Australia created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

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

One Year

        -3.41 %       -2.69 %       -3.60 %       -6.23 % 

Three Year

        23.33 %       23.25 %       24.23 %       24.12 % 

Five Year

        -2.56 %       -2.62 %       -2.07 %       -2.55 % 

Since Inception1

        3.01 %       3.00 %       3.38 %       2.05 % 
1 

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

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

16   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

Country Breakdown† as of 3/31/12

 

 

Taiwan

     20.9%   

Brazil

     20.6%   

South Africa

     9.2%   

Malaysia

     9.0%   

Chile

     5.1%   

Thailand

     4.2%   

Turkey

     3.8%   

South Korea

     3.7%   

Israel

     3.3%   

Czech Republic

     3.2%   

China

     2.8%   

Poland

     2.3%   

Philippines

     2.3%   

Mexico

     2.0%   

Indonesia

     1.8%   

Argentina

     1.5%   

Russia

     1.4%   

Hungary

     0.3%   

United States

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Taiwan Semiconductor Manufacturing Co., Ltd.

     4.1%   

Cia de Bebidas das Americas

     3.4%   

Banco do Brasil S.A.

     2.6%   

Banco Santander Brasil S.A.

     2.4%   

Malayan Banking Bhd

     2.3%   

Kumba Iron Ore Ltd.

     2.3%   

Bank of China Ltd. Class H

     2.0%   

Cielo S.A.

     1.9%   

Advanced Info Service PCL

     1.9%   

Turk Telekomunikasyon A.S.

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

The Fund returned -1.03% for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in Brazil. The Fund’s investment in Israel created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.63%.

Performance as of 3/31/12

 

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

One Year

        -1.03 %       -1.48 %       -0.35 %       -8.80 % 

Three Year

        27.46 %       27.19 %       28.99 %       25.07 % 

Since Inception1

        6.80 %       6.26 %       7.75 %       0.20 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 13, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      17   

Table of Contents

Performance Summary (unaudited)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

Country Breakdown† as of 3/31/12

 

 

Taiwan

     25.7%   

Thailand

     12.1%   

South Africa

     10.4%   

South Korea

     8.7%   

Malaysia

     7.6%   

Israel

     6.9%   

Brazil

     6.2%   

China

     4.1%   

Turkey

     3.7%   

Philippines

     3.2%   

Chile

     3.1%   

Indonesia

     2.0%   

Mexico

     1.8%   

Argentina

     1.7%   

United States

     0.8%   

Poland

     0.4%   

Russia

     0.1%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Pretoria Portland Cement Co., Ltd.

     1.1%   

Cia de Saneamento de Minas Gerais-COPASA

     1.0%   

BEC World PCL

     0.9%   

Farglory Land Development Co., Ltd.

     0.9%   

Life Healthcare Group Holdings Ltd.

     0.9%   

Partner Communications Co., Ltd.

     0.8%   

U-Ming Marine Transport Corp.

     0.8%   

Glow Energy PCL

     0.8%   

WisdomTree India Earnings Fund

     0.7%   

Reunert Ltd.

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

The Fund returned -6.88% for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from investment in Thailand. The Fund’s position in Israel created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.64%.

Performance as of 3/31/12

 

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

One Year

        -6.88 %       -6.62 %       -6.34 %       -12.70 % 

Three Year

        28.87 %       29.23 %       30.83 %       30.88 % 

Since Inception1

        1.80 %       1.98 %       2.79 %       -2.48 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 30, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

18   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Middle East Dividend Fund (GULF)

 

Country Breakdown† as of 3/31/12

 

 

Qatar

     35.2%   

Kuwait

     27.0%   

United Arab Emirates

     19.9%   

Morocco

     10.8%   

Oman

     5.3%   

Jordan

     1.8%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Mobile Telecommunications Co. KSC

     13.0%   

Maroc Telecom S.A.

     9.6%   

Industries Qatar QSC

     8.0%   

Qatar National Bank SAQ

     4.8%   

National Bank of Kuwait

     4.5%   

Qatar Telecom Q-Tel QSC

     4.5%   

Oman Telecommunications Co. SAOG

     3.8%   

National Bank of Abu Dhabi PJSC

     3.7%   

First Gulf Bank PJSC

     3.6%   

Commercial Bank of Qatar QSC (The)

     3.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

 

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

The Fund returned 1.35% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in Qatar. The Fund’s position in Kuwait created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the net and gross expense ratios were 0.88% and 2.17%, respectively. The net expense ratio reflects a contractual reimbursement of 1.29%. Fund expenses are capped by contract at 0.88% through July 31, 2013.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
Middle East
Dividend Index		      MSCI Arabian
Markets ex-Saudi
Arabia Index		  

One Year

        1.35 %       -1.44 %       0.00 %       -3.34 % 

Three Year

        13.96 %       13.34 %       15.90 %       11.24 % 

Since Inception1

        -8.14 %       -8.68 %       -6.58 %       -13.33 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on July 16, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      19   

Table of Contents

Performance Summary (unaudited)

WisdomTree International Hedged Equity Fund (HEDJ)

 

Country Breakdown† as of 3/31/12

 

 

United Kingdom

     19.1%   

Japan

     14.1%   

Australia

     12.1%   

France

     9.9%   

Germany

     7.3%   

Switzerland

     6.9%   

Spain

     5.1%   

Hong Kong

     5.0%   

Sweden

     3.5%   

Italy

     3.4%   

Singapore

     2.2%   

Norway

     1.9%   

Netherlands

     1.9%   

Finland

     1.5%   

Belgium

     1.1%   

Portugal

     0.6%   

Austria

     0.5%   

Denmark

     0.4%   

New Zealand

     0.3%   

Ireland

     0.2%   

United States

     0.2%   

 

† 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 3/31/12

 

Description   % of Net Assets  

China Mobile Ltd.

     1.9%   

Vodafone Group PLC

     1.8%   

Nestle S.A.

     1.5%   

Total S.A.

     1.5%   

Westpac Banking Corp.

     1.3%   

Commonwealth Bank of Australia

     1.3%   

Telefonica S.A.

     1.3%   

GlaxoSmithKline PLC

     1.3%   

HSBC Holdings PLC

     1.3%   

Novartis AG

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

 

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

The Fund returned -4.41% for the fiscal year ended March 31, 2012 (for more complete information please see the chart below). The Fund’s performance benefited most from its investment in the Consumer Staples sector. The Financials sector created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the net and gross expense ratios were 0.58% and 1.65%, respectively. The net expense ratio reflects a contractual reimbursement of 1.07%. Fund expenses are capped by contract at 0.58% through July 31, 2013.

Performance as of 3/31/12

 

      Average Annual Total Return  
      Fund
Net Asset Value		      Fund
Market Price		      WisdomTree DEFA
International Hedged
Equity Index		      MSCI EAFE Local
Currency Index		  

One Year

      -4.41 %       -3.23 %       -4.15 %       -4.12 % 

Since Inception1

      0.30 %       1.14 %       0.91 %       0.66 % 
1 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on December 31, 2009.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

20   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

WisdomTree Commodity Country Equity Fund (CCXE)

 

Country Breakdown† as of 3/31/12

 

 

South Africa

     12.0%   

New Zealand

     11.7%   

Chile

     11.5%   

Brazil

     11.5%   

Australia

     11.4%   

Canada

     11.4%   

Norway

     11.3%   

Russia

     10.6%   

United States

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

Statoil ASA

     5.5%   

Gazprom OAO ADR

     3.1%   

Telecom Corp. of New Zealand Ltd.

     2.8%   

Kumba Iron Ore Ltd.

     2.2%   

Lukoil OAO ADR

     1.9%   

Commonwealth Bank of Australia

     1.8%   

Telenor ASA

     1.8%   

Westpac Banking Corp.

     1.8%   

Petroleo Brasileiro S.A.

     1.8%   

Royal Bank of Canada

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

The Fund returned -1.77% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in South Africa. The Fund’s position in Russia created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
International
Basic Materials
Sector/Commodity
Country Equity
Spliced Index1		      S&P
Developed
ex-U.S. BMI
Materials sector/
MSCI
ACWI ex-USA
Spliced Index2		  

One Year

        -1.77 %       -1.96 %       -1.29 %       -9.84 % 

Three Year

        28.34 %       27.84 %       29.25 %       26.75 % 

Five Year

        2.75 %       2.48 %       3.43 %       N/A   

Since Inception3

        6.91 %       6.78 %       7.68 %       -0.09 % 
1 

WisdomTree International Basic Materials Sector Index through June 17, 2011; WisdomTree Commodity Country Equity Index thereafter.

 

2 

S&P Developed ex-U.S. BMI Materials sector Index through June 17, 2011; MSCI ACWI ex-USA Index thereafter.

 

3 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. Sector Index total returns are based on the index’s inception date of April 1, 2008.

 

LOGO

 

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      21   

Table of Contents

Performance Summary (unaudited)

WisdomTree Global Natural Resources Fund (GNAT)

 

Country Breakdown† as of 3/31/12

 

 

United States

     18.2%   

United Kingdom

     15.8%   

Russia

     8.8%   

Canada

     8.4%   

Australia

     5.9%   

South Africa

     5.3%   

Mexico

     4.4%   

Italy

     4.1%   

France

     3.9%   

Malaysia

     3.1%   

Norway

     3.1%   

Brazil

     2.3%   

Japan

     1.8%   

Spain

     1.7%   

China

     1.6%   

Thailand

     1.4%   

Switzerland

     1.4%   

Israel

     1.3%   

Hong Kong

     1.1%   

Indonesia

     0.8%   

Germany

     0.7%   

Singapore

     0.6%   

Poland

     0.5%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Kumba Iron Ore Ltd.

     4.2%   

ENI SpA

     3.3%   

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

     3.2%   

Royal Dutch Shell PLC Class B

     3.2%   

Crescent Point Energy Corp.

     3.0%   

Southern Copper Corp.

     2.9%   

Antofagasta PLC

     2.8%   

Total S.A.

     2.8%   

Statoil ASA

     2.6%   

Diamond Offshore Drilling, Inc.

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

The Fund returned -12.70% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in Mexico. The Fund’s investment in Russia created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
International
Energy Sector/Global
Natural Resources
Spliced Index1		      S&P Developed
ex-U.S. BMI
Energy
sector/S&P Global
Natural Resources
Spliced Index2		  

One Year

        -12.70 %       -12.78 %       -12.29 %       -13.92 % 

Three Year

        14.35 %       14.57 %       14.86 %       15.95 % 

Five Year

        1.39 %       1.29 %       1.63 %       N/A   

Since Inception3

        3.45 %       3.32 %       3.81 %       -0.73 % 
1 

WisdomTree International Energy Sector Index through June 17, 2011; WisdomTree Global Natural Resources Index thereafter.

 

2 

S&P Developed ex-U.S. BMI Energy sector Index through June 17, 2011; S&P Global Natural Resources Index thereafter.

 

3 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Energy Sector Index total returns are based on the index’s inception date of April 1, 2008.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

22   WisdomTree International Dividend and Sector Funds

Table of Contents

Performance Summary (unaudited)

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

 

Country Breakdown† as of 3/31/12

 

 

Brazil

     12.8%   

Japan

     11.2%   

United Kingdom

     10.3%   

Chile

     6.7%   

Italy

     6.0%   

Canada

     5.8%   

Spain

     5.1%   

Hong Kong

     4.1%   

Malaysia

     3.6%   

Germany

     3.5%   

France

     3.5%   

Philippines

     2.3%   

Thailand

     2.3%   

Australia

     1.5%   

Portugal

     1.3%   

Czech Republic

     1.1%   

Belgium

     1.1%   

Austria

     1.0%   

Indonesia

     0.8%   

Finland

     0.7%   

New Zealand

     0.7%   

Switzerland

     0.6%   

Poland

     0.5%   

South Korea

     0.5%   

United States

     0.5%   

China

     0.2%   

 

† 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 3/31/12

 

Description   % of Net Assets  

Light S.A.

     2.8%   

Cia Energetica de Minas Gerais

     2.6%   

AES Tiete S.A.

     2.4%   

Drax Group PLC

     2.3%   

RWE AG

     2.2%   

Just Energy Group, Inc.

     2.1%   

Aguas Andinas S.A. Class A

     2.0%   

E.ON AG

     1.9%   

Cia de Saneamento de Minas Gerais-COPASA

     1.7%   

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

The Fund returned -7.41% at net asset value (“NAV”) for the fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its investment in the United Kingdom. Investment in France created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
International
Utilities
Sector/Global
ex-U.S. Utilities
Spliced Index1		      S&P
Developed
ex-U.S. BMI
Utilities
sector Index		  

One Year

        -7.41 %       -7.34 %       -.8.04 %       -13.10 % 

Three Year

        6.87 %       6.66 %       6.66 %       4.12 % 

Five Year

        -4.70 %       -4.91 %       -4.64 %       N/A   

Since Inception2

        -1.19 %       -1.30 %       -1.06 %       -9.31 % 
1 

WisdomTree International Utilities Sector Index through June 17, 2011; WisdomTree Global ex-U.S. Utilities Index thereafter.

 

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on October 13, 2006. The S&P Developed ex-U.S. BMI Utilities sector Index total returns are based on the index’s inception date of April 1, 2008

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

WisdomTree International Dividend and Sector Funds      23   

Table of Contents

Performance Summary (unaudited)

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

 

Country Breakdown† as of 3/31/12

 

 

Australia

     23.3%   

Hong Kong

     18.8%   

Canada

     9.1%   

Singapore

     7.5%   

France

     7.5%   

Japan

     5.6%   

United Kingdom

     4.8%   

South Africa

     3.6%   

Netherlands

     2.2%   

Sweden

     1.4%   

Brazil

     1.2%   

Taiwan

     1.0%   

Philippines

     0.9%   

Switzerland

     0.9%   

China

     0.8%   

Thailand

     0.8%   

Belgium

     0.7%   

Israel

     0.5%   

Germany

     0.4%   

Turkey

     0.3%   

Finland

     0.2%   

Malaysia

     0.2%   

Italy

     0.1%   

Austria

     0.1%   

Chile

     0.1%   

Indonesia

     0.1%   

Norway

     0.0% # 

 

† 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 3/31/12

 

Description   % of Net Assets  

Westfield Group

     9.4%   

Sun Hung Kai Properties Ltd.

     3.4%   

Cheung Kong Holdings Ltd.

     3.3%   

Stockland

     3.0%   

Unibail-Rodamco SE

     2.7%   

CFS Retail Property Trust

     2.1%   

GPT Group

     2.1%   

RioCan Real Estate Investment Trust

     1.6%   

Mirvac Group

     1.6%   

Daito Trust Construction Co., Ltd.

     1.6%   
* The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company.

 

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

The Fund returned -3.99% at net asset value (“NAV”) for fiscal year ended March 31, 2012 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in Canada. The Fund’s position in Hong Kong created the greatest drag on performance.

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

An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 29, 2011, the Fund’s annual expense ratio was 0.58%.

Performance as of 3/31/12

 

        Average Annual Total Return  
        Fund
Net Asset Value		      Fund
Market Price		      WisdomTree
International
Real Estate/Global
ex-U.S. Real Estate
Spliced Index1		      Dow Jones Global
ex-U.S. Select Real
Estate Securities Index		  

One Year

        -3.99 %       -4.32 %       -4.10 %       -0.95 % 

Three Year

        25.72 %       25.39 %       26.17 %       26.63 % 

Since Inception2

        -7.01 %       -7.19 %       -6.91 %       -7.50 % 
1 

WisdomTree International Real Estate Index through June 17, 2011; WisdomTree Global ex-U.S. Real Estate Index thereafter.

 

2 

Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 5, 2007.

 

LOGO

Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares.

 

24   WisdomTree International Dividend and Sector Funds

Table of Contents

Description of Indexes (unaudited)

 

Below are descriptions of each Index referenced in this Report:

The WisdomTree DEFA Index measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States.

The WisdomTree DEFA International Hedged Equity Index measures the performance of dividend-paying companies in the industrialized world, excluding Canada and the United States, and is designed to neutralize exposure to fluctuations between the value of the U.S. dollar and non-U.S. currencies reflected in the index. This index is based on the WisdomTree DEFA Index.

The WisdomTree DEFA Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree DEFA Index.

The WisdomTree Global Equity Income Index measures the performance of high dividend-paying companies selected from the WisdomTree Dividend Index and the WisdomTree World ex-U.S. Index.

The WisdomTree Europe Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree Europe Dividend Index.

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

The WisdomTree Japan Dividend Index measures the performance of dividend-paying companies incorporated in Japan, listed on the Tokyo Stock Exchange and that meet other requirements necessary to be included in the WisdomTree DEFA Index.

The WisdomTree Global ex-U.S. Growth Index measures the stock performance of growth companies selected from developed and emerging markets outside the U.S.

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

The WisdomTree Japan SmallCap Dividend Index measures the performance of dividend-paying small-capitalization companies in Japan.

The WisdomTree Japan Hedged Equity Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the U.S. dollar. This index is based on the WisdomTree Japan Dividend Index.

The WisdomTree Pacific ex-Japan Dividend Index measures the performance of dividend-paying companies incorporated in the Pacific region, excluding Japan.

The WisdomTree Asia Pacific ex-Japan Index measures the performance of dividend-paying companies incorporated in emerging market and developed countries in the Pacific region, excluding Japan.

The WisdomTree Pacific ex-Japan Equity Income Index measures the performance of companies with high dividend yields selected from the WisdomTree Pacific ex-Japan Dividend Index.

The WisdomTree Australia Dividend Index measures the performance of dividend-paying companies incorporated in Australia.

The WisdomTree International LargeCap Dividend Index measures the performance of the large-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector.

The WisdomTree International Dividend Top 100 Index measures the performance of the 100 highest dividend-yielding companies in the WisdomTree International LargeCap Dividend Index.

The WisdomTree International MidCap Dividend Index measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S. and Canada.

 

WisdomTree International Dividend and Sector Funds      25   

Table of Contents

Description of Indexes (unaudited) (continued)

 

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

The WisdomTree Emerging Markets Equity Income Index measures the performance of the highest dividend-yielding stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Emerging Markets SmallCap Dividend Index measures the performance of primarily small-capitalization stocks selected from the WisdomTree Emerging Markets Dividend Index.

The WisdomTree Middle East Dividend Index measures the performance of companies in the Middle East region that pay regular cash dividends on shares of common stock and that meet specified requirements as of the index measurement date.

The WisdomTree International Sector Indexes which encompasses Basic Materials, Energy and Utilities, are derived from the WisdomTree DEFA Index, and measure the performance of dividend-paying companies in developed markets outside the U.S. and Canada, within their specific international sectors.

The WisdomTree Commodity Country Equity Index measures the performance of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Commodities sector.

The WisdomTree Global Natural Resources Index measures the performance of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Natural Resources sector.

The WisdomTree Global ex-U.S. Utilities Index measures the performance of dividend-paying companies in developed and emerging market countries outside the U.S. and Canada in the Utilities sector.

The WisdomTree International Real Estate Index measures the performance of companies in developed markets outside of the U.S. and Canada that pay regular cash dividends and that WisdomTree Investments classifies as being part of the International Real Estate sector.

The WisdomTree Global ex-U.S. Real Estate Index measures the performance of companies in developed and emerging markets outside of Canada and the U.S., which WisdomTree classifies as being Global Real Estate securities.

The MSCI EAFE Index is a market cap-weighted index composed of companies representative of the developed market structure of 21 developed countries in Europe, Australasia and Japan.

The MSCI EAFE Value Index measures the performance of value stocks in the MSCI EAFE Index.

The MSCI EAFE Mid Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of mid-capitalization equities in the developed markets excluding the U.S. & Canada.

The MSCI EAFE Small Cap Index measures the performance of small-capitalization stocks in the MSCI EAFE Index.

The MSCI Europe Small Cap Index measures the performance of small-capitalization stocks in the MSCI Europe Index.

The MSCI Europe Value Index measures the performance of value stocks in the MSCI Europe Index.

The MSCI AC World Index measures the performance of the world stock market indexes covered by MSCI.

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 AC Asia Pacific ex-Japan Index measures the performance of large- and mid-capitalization segments of emerging market and developed market countries in the Asia Pacific region, excluding Japan.

 

26   WisdomTree International Dividend and Sector Funds

Table of Contents

Description of Indexes (unaudited) (continued)

 

The MSCI Pacific ex-Japan Value Index measures the performance of value stocks in the MSCI Pacific ex-Japan Index.

The MSCI Australia Index measures the performance of large- and mid-capitalization segments of the Australia market.

The MSCI Japan Index is a capitalization weighted index that measures the performance of stocks in Japan.

The MSCI Japan Value Index measures the performance of value stocks in the MSCI Japan Index.

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

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

The MSCI Japan Small Cap Index measures the performance of small cap stocks in the MSCI Japan Index.

The MSCI Japan Local Currency Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance in Japan and uses the same methodology as its corresponding MSCI Japan Index. The price used for each security in the local currency index is the local price, on the primary exchange on which a security is traded, with no conversion into U.S. dollars.

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure emerging markets equity performance.

The MSCI Emerging Markets Small Cap Index is a free float-adjusted market capitalization index that is designed to measure the performance of small capitalization equities in the emerging markets.

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

The MSCI EAFE Local Currency Index is a free float-adjusted market capitalization weighted index that is designed to measure developed market equity performance, excluding the U.S. and Canada. The index is calculated using the same methodology as its corresponding MSCI EAFE Index in U.S. dollars, with the key difference being the currency in which the securities are quoted in. The price used for each security in the local currency index is the local price, on the primary exchange on which a security is traded, with no conversion into U.S. dollars.

The S&P Developed ex-U.S. BMI Sector Indexes are indexes that track specific sectors of developed global markets outside the United States.

The S&P Global Natural Resources Index is comprised of the largest publicly traded companies in natural resources and commodities businesses that meet specific investability requirements.

The Dow Jones Global ex-U.S. Select Real Estate Securities Index is a float-adjusted market capitalization weighted index that defines and measures the investable universe of publicly traded real estate securities in countries outside the U.S.

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

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

 

WisdomTree International Dividend and Sector Funds      27   

Table of Contents

Description of Indexes (unaudited) (concluded)

 

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

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

 

28   WisdomTree International Dividend and 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, 2011 to March 31, 2012.

Actual expenses

The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/11 to 3/31/12” 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 and Sector Funds      29   

Table of Contents

Shareholder Expense Examples (unaudited) (continued)

 

 

     Beginning
Account Value
10/01/11		     Ending
Account Value
3/31/12		     Annualized
Expense Ratio
Based on the
Period
10/01/11 to
3/31/12		   Expenses Paid
During the
Period†
10/01/11 to
3/31/12		  

WisdomTree DEFA Fund

        

Actual

   $ 1,000.00      $ 1,122.25      0.48%   $ 2.55   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60      0.48%   $ 2.43   

WisdomTree DEFA Equity Income Fund

        

Actual

   $ 1,000.00      $ 1,099.95      0.58%   $ 3.04   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Global Equity Income Fund

        

Actual

   $ 1,000.00      $ 1,128.63      0.58%   $ 3.09   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Europe SmallCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,171.60      0.58%   $ 3.15   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Japan Hedged Equity Fund

        

Actual

   $ 1,000.00      $ 1,116.78      0.48%   $ 2.54   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60      0.48%   $ 2.43   

WisdomTree Global ex-U.S. Growth Fund

        

Actual

   $ 1,000.00      $ 1,177.20      0.58%   $ 3.16   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Japan SmallCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,031.79      0.58%   $ 2.95   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Asia Pacific ex-Japan Fund

        

Actual

   $ 1,000.00      $ 1,174.60      0.48%   $ 2.61   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60      0.48%   $ 2.43   

WisdomTree Australia Dividend Fund

        

Actual

   $ 1,000.00      $ 1,190.80      0.58%   $ 3.18   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree International LargeCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,125.60      0.48%   $ 2.55   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.60      0.48%   $ 2.43   

WisdomTree International Dividend ex-Financials Fund

        

Actual

   $ 1,000.00      $ 1,094.05      0.58%   $ 3.04   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree International MidCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,115.21      0.58%   $ 3.07   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree International SmallCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,120.89      0.58%   $ 3.08   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Emerging Markets Equity Income Fund

  

      

Actual

   $ 1,000.00      $ 1,199.44      0.63%   $ 3.46   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.85      0.63%   $ 3.18   

WisdomTree Emerging Markets SmallCap Dividend Fund

        

Actual

   $ 1,000.00      $ 1,206.51      0.63%   $ 3.48   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,021.85      0.63%   $ 3.18   

WisdomTree Middle East Dividend Fund

        

Actual

   $ 1,000.00      $ 1,066.40      0.88%   $ 4.55   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,020.60      0.88%   $ 4.45   

WisdomTree International Hedged Equity Fund

        

Actual

   $ 1,000.00      $ 1,116.27      0.58%   $ 3.07   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

 

30   WisdomTree International Dividend and Sector Funds

Table of Contents

Shareholder Expense Examples (unaudited) (concluded)

 

     Beginning
Account Value
10/01/11		     Ending
Account Value
3/31/12		     Annualized
Expense Ratio
Based on the
Period
10/01/11 to
3/31/12		   Expenses Paid
During the
Period†
10/01/11 to
3/31/12		  

WisdomTree Commodity Country Equity Fund

        

Actual

   $ 1,000.00      $ 1,208.16      0.58%   $ 3.20   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Global Natural Resources Fund

        

Actual

   $ 1,000.00      $ 1,190.91      0.58%   $ 3.18   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Global ex-U.S. Utilities Fund

        

Actual

   $ 1,000.00      $ 1,073.00      0.58%   $ 3.01   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   

WisdomTree Global ex-U.S. Real Estate Fund

        

Actual

   $ 1,000.00      $ 1,166.59      0.58%   $ 3.14   

Hypothetical (5% return before expenses)

   $ 1,000.00      $ 1,022.10      0.58%   $ 2.93   
† Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 183/366 (to reflect one-half year period).

 

WisdomTree International Dividend and Sector Funds      31   

Table of Contents

Schedule of Investments

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.2%      
Australia – 12.4%      

Adelaide Brighton Ltd.

      56,548       $ 169,885  

AGL Energy Ltd.

      22,141         338,320  

Alumina Ltd.

      91,077         116,524  

Amalgamated Holdings Ltd.

      28,798         184,966  

Amcor Ltd.

      65,727         506,588  

AMP Ltd.

      137,923         617,247  

APN News & Media Ltd.

      117,232         109,909  

Australia & New Zealand Banking Group Ltd.

      175,019         4,217,290  

Automotive Holdings Group

      58,063         143,158  

Bank of Queensland Ltd.(a)

      23,999         180,994  

Bank of Queensland Ltd. Placement Shares*

      4,828         36,411  

Bendigo and Adelaide Bank Ltd.

      35,962         288,725  

BHP Billiton Ltd.

      83,390         2,989,883  

Billabong International Ltd.(a)

      22,271         64,139  

Boral Ltd.

      33,914         141,587  

Bradken Ltd.

      15,894         141,273  

Brambles Ltd.

      60,355         443,926  

Caltex Australia Ltd.

      18,221         262,188  

Campbell Brothers Ltd.

      3,394         236,382  

carsales.com Ltd.(a)

      26,443         152,035  

Coca-Cola Amatil Ltd.

      37,659         486,490  

Cochlear Ltd.

      2,449         157,043  

Commonwealth Bank of Australia

      102,401         5,314,722  

Computershare Ltd.

      24,081         224,520  

Consolidated Media Holdings Ltd.

      71,709         216,175  

Crown Ltd.

      39,400         354,695  

CSL Ltd.

      16,790         624,256  

CSR Ltd.

      95,882         178,792  

David Jones Ltd.(a)

      55,111         137,592  

Envestra Ltd.(b)

      291,956         234,400  

Fleetwood Corp., Ltd.

      12,911         163,845  

Flight Centre Ltd.(a)

      6,591         150,215  

Fortescue Metals Group Ltd.

      21,271         128,027  

GUD Holdings Ltd.

      15,854         135,005  

GWA Group Ltd.(a)

      57,869         128,891  

Harvey Norman Holdings Ltd.(a)

      78,317         163,076  

Incitec Pivot Ltd.

      52,233         170,449  

Insurance Australia Group Ltd.

      92,504         325,820  

IOOF Holdings Ltd.

      31,197         186,801  

Iress Market Technology Ltd.

      16,774         121,639  

JB Hi-Fi Ltd.(a)

      8,827         100,222  

Leighton Holdings Ltd.

      24,066         531,532  

Lend Lease Group(b)

      28,442         220,100  

Macquarie Group Ltd.

      22,405         674,960  

Metcash Ltd.

      65,387         291,272  

Monadelphous Group Ltd.

      8,330         206,244  

Myer Holdings Ltd.(a)

      66,586         161,413  

National Australia Bank Ltd.

      140,824         3,588,809  

Navitas Ltd.

      29,660         109,078  

New Hope Corp., Ltd.(a)

      31,613         173,245  

Newcrest Mining Ltd.

      7,377         226,820  

NIB Holdings Ltd.

      145,583         223,963  
     

OneSteel Ltd.

      128,788       $ 165,438  

Orica Ltd.

      14,838         429,939  

Origin Energy Ltd.

      33,335         461,021  

OZ Minerals Ltd.

      20,469         206,959  

Perpetual Ltd.

      6,212         163,393  

Platinum Asset Management Ltd.(a)

      58,821         247,398  

QBE Insurance Group Ltd.

      85,508         1,255,207  

Ramsay Health Care Ltd.

      8,331         168,726  

Rio Tinto Ltd.

      7,423         502,916  

Santos Ltd.

      25,575         377,280  

Seven West Media Ltd.(a)

      38,851         157,368  

Sonic Healthcare Ltd.

      24,742         320,906  

Suncorp Group Ltd.

      58,957         513,042  

TABCORP Holdings Ltd.

      111,551         314,326  

Tatts Group Ltd.

      84,757         217,754  

Telstra Corp., Ltd.

      1,269,054         4,325,284  

Toll Holdings Ltd.

      45,786         278,426  

Transfield Services Ltd.

      37,714         96,893  

UGL Ltd.

      12,797         174,993  

Wesfarmers Ltd.

      53,497         1,663,714  

Wesfarmers Ltd. PPS

      9,006         288,290  

Westpac Banking Corp.

      228,736         5,187,031  

Woodside Petroleum Ltd.

      22,062         795,587  

Woolworths Ltd.

      58,858         1,584,102  

WorleyParsons Ltd.

      8,149         241,693  

Wotif.com Holdings Ltd.(a)

      21,959         104,415  
     

 

 

  
Total Australia         47,693,642  
Austria – 0.5%      

Andritz AG(a)

      1,965         192,020  

Bank Austria Creditanstalt AG*†(c)

      3,774         —   

Oesterreichische Post AG

      5,303         184,318  

OMV AG

      9,611         341,093  

Strabag SE

      5,802         176,513  

Telekom Austria AG

      32,950         383,156  

Verbund AG(a)

      5,718         173,690  

Vienna Insurance Group AG Wiener Versicherung Gruppe

      4,611         203,065  

Voestalpine AG

      3,872         130,017  
     

 

 

  
Total Austria         1,783,872  
Belgium – 1.3%      

Ageas

      100,421         220,388  

Anheuser-Busch InBev N.V.

      26,484         1,932,021  

Belgacom S.A.

      25,061         804,474  

Colruyt S.A.

      4,352         174,678  

Delhaize Group S.A.

      2,946         154,770  

Elia System Operator S.A./N.V.

      6,590         278,635  

EVS Broadcast Equipment S.A.

      1,985         102,776  

KBC Groep N.V.

      8,888         222,638  

Mobistar S.A.

      3,494         173,788  

NV Bekaert S.A.

      2,460         79,131  

Solvay S.A.

      1,548         182,997  

Tessenderlo Chemie N.V.

      3,456         115,197  

UCB S.A.

      5,787         249,307  

 

See Notes to Financial Statements.

 

32   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Umicore S.A.

      3,400       $ 187,020  
     

 

 

  
Total Belgium         4,877,820  
Denmark – 0.4%      

Carlsberg A/S Class B(a)

      1,303         107,523  

Coloplast A/S Class B

      937         162,022  

D/S Norden

      4,181         124,235  

FLSmidth & Co. A/S(a)

      1,757         123,160  

H. Lundbeck A/S(a)

      7,380         147,691  

Novo Nordisk A/S Class B

      6,311         872,676  

Novozymes A/S Class B

      4,813         139,999  

Pandora A/S(a)

      3,866         44,670  
     

 

 

  
Total Denmark         1,721,976  
Finland – 1.4%      

Alma Media Oyj(a)

      20,215         143,754  

Elisa Oyj(a)

      10,214         244,428  

Fortum Oyj

      28,356         687,263  

Kone Oyj Class B

      5,278         293,589  

Metso Oyj(a)

      5,866         250,367  

Nokia Oyj

      274,888         1,494,291  

Nokian Renkaat Oyj

      3,150         153,280  

Orion Oyj Class B

      9,624         189,937  

Pohjola Bank PLC Class A(a)

      16,235         179,555  

Sampo Oyj Class A

      21,711         626,535  

Sanoma Oyj(a)

      15,524         198,464  

Stora Enso Oyj Class R

      18,008         133,575  

Tieto Oyj

      9,180         172,250  

UPM-Kymmene Oyj(a)

      19,139         260,226  

Wartsila Oyj Abp

      7,756         292,095  

YIT Oyj

      6,459         138,655  
     

 

 

  
Total Finland         5,458,264  
France – 10.2%      

Accor S.A.

      7,169         255,572  

Aeroports de Paris

      2,618         214,552  

Air Liquide S.A.

      5,702         759,031  

Alstom S.A.

      7,385         287,760  

Arkema S.A.

      1,577         146,733  

AXA S.A.

      79,002         1,307,722  

BNP Paribas S.A.

      37,911         1,796,042  

Bourbon S.A.

      3,234         96,126  

Bouygues S.A.

      15,614         476,787  

Cap Gemini S.A.

      4,343         194,097  

Carrefour S.A.

      19,726         472,187  

Casino Guichard Perrachon S.A.

      3,661         360,289  

Christian Dior S.A.

      3,154         483,231  

Cie de Saint-Gobain

      10,230         456,176  

Cie Generale des Etablissements Michelin

      4,331         322,005  

Cie Generale d’Optique Essilor International S.A.

      3,134         278,918  

CNP Assurances

      26,297         409,731  

Danone

      13,302         926,456  

Edenred

      6,359         191,044  

EDF S.A.

      66,153         1,507,321  

Eiffage S.A.

      2,561         98,938  

Eutelsat Communications S.A.

      5,606         206,944  
     

France Telecom S.A.

      205,172       $ 3,034,191  

GDF Suez

      108,636         2,802,268  

Hermes International(a)

      1,019         342,847  

ICADE

      2,197         195,703  

Imerys S.A.

      2,542         154,330  

Klepierre

      8,678         300,469  

Lafarge S.A.

      10,401         495,658  

Lagardere SCA

      6,327         194,886  

Legrand S.A.

      8,230         302,383  

L’Oreal S.A.

      9,923         1,222,205  

LVMH Moet Hennessy Louis Vuitton S.A.

      6,956         1,193,577  

M6-Metropole Television S.A.

      10,856         195,891  

Natixis

      153,156         588,418  

Neopost S.A.

      2,496         160,280  

Nexity S.A.

      3,886         122,751  

Pernod-Ricard S.A.

      4,317         450,718  

PPR

      3,218         552,818  

Rallye S.A.

      2,797         104,945  

Rexel S.A.

      7,913         174,136  

Safran S.A.

      6,603         242,297  

Sanofi

      48,603         3,768,914  

Schneider Electric S.A.

      12,614         822,937  

SCOR SE

      10,689         288,392  

Societe BIC S.A.

      2,292         229,652  

Societe d’Edition de Canal+

      26,630         168,450  

Societe Generale S.A.

      26,019         761,076  

Societe Television Francaise 1

      11,016         134,685  

Sodexo

      3,425         280,780  

Suez Environnement Co.

      17,770         272,140  

Technip S.A.

      2,197         258,431  

Total S.A.

      109,502         5,576,302  

Vallourec S.A.

      2,287         144,666  

Veolia Environnement S.A.

      24,012         397,631  

Vinci S.A.

      17,586         915,694  

Vivendi S.A.

      72,682         1,331,839  
     

 

 

  
Total France         39,430,022  
Germany – 7.5%      

Adidas AG

      3,148         245,411  

Aixtron SE N.A.

      3,128         54,402  

Allianz SE

      17,107         2,038,251  

Axel Springer AG

      4,878         246,005  

BASF SE

      25,193         2,200,513  

Bayer AG

      17,557         1,233,096  

Bayerische Motoren Werke AG

      10,058         903,173  

Beiersdorf AG

      3,668         238,983  

Bilfinger Berger SE

      2,117         198,557  

Celesio AG

      6,539         118,167  

Comdirect Bank AG

      17,217         198,853  

Daimler AG(a)

      33,460         2,014,498  

Deutsche Bank AG

      13,322         661,824  

Deutsche Boerse AG

      7,557         508,013  

Deutsche Lufthansa AG

      14,946         208,888  

Deutsche Post AG

      51,435         988,739  

Deutsche Telekom AG

      229,766         2,762,075  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      33   

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

E.ON AG

      121,267       $ 2,900,383  

Fielmann AG

      1,643         157,732  

Fraport AG Frankfurt Airport Services Worldwide

      2,637         164,874  

Fresenius Medical Care AG & Co. KGaA

      3,614         255,750  

Fresenius SE & Co. KGaA

      1,941         198,748  

GEA Group AG

      4,988         171,776  

Hannover Rueckversicherung AG

      7,293         432,576  

Henkel AG & Co. KGaA

      4,415         275,158  

Infineon Technologies AG

      15,921         162,534  

K+S AG

      3,256         170,080  

Linde AG

      2,804         502,421  

Merck KGaA

      3,090         341,459  

Metro AG

      8,080         311,936  

MLP AG

      9,480         84,079  

Muenchener Rueckversicherungs AG

      8,820         1,327,839  

Rheinmetall AG

      3,275         193,621  

RWE AG

      37,053         1,766,743  

SAP AG

      14,376         1,002,407  

Siemens AG

      20,707         2,084,433  

SMA Solar Technology AG(a)

      1,477         66,836  

Symrise AG

      4,499         130,012  

ThyssenKrupp AG

      6,498         161,515  

United Internet AG Registered Shares

      6,433         121,049  

Volkswagen AG

      4,456         717,427  

Wacker Chemie AG(a)

      1,109         97,635  

Wincor Nixdorf AG

      1,768         86,856  
     

 

 

  
Total Germany         28,705,327  
Hong Kong – 5.1%      

Bank of East Asia Ltd.(a)

      57,800         217,383  

BOC Hong Kong Holdings Ltd.

      357,500         987,684  

Cathay Pacific Airways Ltd.

      188,000         348,202  

Cheung Kong Holdings Ltd.

      49,000         633,011  

China Merchants Holdings International Co., Ltd.

      76,000         254,508  

China Mobile Ltd.

      673,000         7,406,987  

China Overseas Land & Investment Ltd.

      128,000         243,339  

China Resources Enterprise Ltd.

      38,000         132,638  

China Resources Power Holdings Co., Ltd.

      92,000         170,397  

China Unicom Hong Kong Ltd.

      98,000         166,110  

Citic Pacific Ltd.

      69,000         116,244  

CLP Holdings Ltd.

      70,500         608,385  

CNOOC Ltd.

      859,300         1,766,413  

Fosun International Ltd.

      204,000         121,391  

Guangdong Investment Ltd.

      250,000         174,201  

Hang Lung Properties Ltd.

      84,000         307,805  

Hang Seng Bank Ltd.

      64,200         853,354  

Henderson Land Development Co., Ltd.

      45,000         248,358  

HKT Trust and HKT Ltd.*(b)

      7,543         5,868  

Hong Kong & China Gas Co., Ltd.

      122,260         313,366  

Hong Kong Exchanges and Clearing Ltd.

      23,600         396,677  

Hutchison Whampoa Ltd.

      79,000         789,593  

Lenovo Group Ltd.

      162,000         145,850  

MTR Corp., Ltd.

      110,500         395,659  

New World Development Co., Ltd.

      118,000         141,801  

PCCW Ltd.

      371,000         132,841  
     

Power Assets Holdings Ltd.

      63,500       $ 466,190  

Shanghai Industrial Holdings Ltd.

      46,000         141,899  

Shenzhen Investment Ltd.

      408,000         88,810  

Shougang Fushan Resources Group Ltd.

      176,000         59,619  

Sino Land Co., Ltd.

      160,400         256,177  

Sino-Ocean Land Holdings Ltd.(a)

      228,000         108,362  

Sinotruk Hong Kong Ltd.(a)

      119,000         68,972  

SJM Holdings Ltd.

      91,000         185,188  

Sun Hung Kai Properties Ltd.

      64,000         795,466  

Television Broadcasts Ltd.

      24,000         161,824  

Wharf Holdings Ltd.

      48,000         260,896  
     

 

 

  
Total Hong Kong         19,671,468  
Ireland – 0.3%      

CRH PLC

      27,145         553,080  

DCC PLC

      5,906         146,014  

Dragon Oil PLC

      15,169         151,234  

Kerry Group PLC Class A

      3,354         154,988  

Paddy Power PLC

      2,408         151,422  
     

 

 

  
Total Ireland         1,156,738  
Italy – 3.5%      

A2A SpA(a)

      180,376         144,484  

ACEA SpA

      18,829         119,556  

Assicurazioni Generali SpA(a)

      38,231         592,618  

Atlantia SpA

      25,632         424,970  

Banca Carige SpA(a)

      88,801         116,364  

Banca Generali SpA

      14,431         193,331  

Banca Monte dei Paschi di Siena SpA

      206,682         87,003  

Credito Artigiano SpA

      79,060         125,815  

Enel Green Power SpA

      66,575         126,338  

Enel SpA

      398,602         1,439,579  

ENI SpA

      195,281         4,574,379  

ERG SpA

      14,447         127,844  

Hera SpA

      88,225         125,713  

Intesa Sanpaolo SpA

      447,215         800,427  

Iren SpA

      116,760         99,902  

Luxottica Group SpA

      9,045         327,028  

MARR SpA

      12,446         140,219  

Mediaset SpA

      106,822         294,183  

Mediobanca SpA

      22,890         134,245  

Mediolanum SpA

      43,723         207,517  

Pirelli & C SpA

      17,385         206,512  

Saipem SpA

      7,006         361,347  

Snam SpA

      157,439         756,039  

Societa Cattolica di Assicurazioni SCRL

      8,579         173,312  

Telecom Italia SpA

      649,128         770,651  

Telecom Italia SpA RSP

      489,354         480,283  

Terna Rete Elettrica Nazionale SpA

      99,673         400,062  

Unione di Banche Italiane SCPA

      24,891         105,342  
     

 

 

  
Total Italy         13,455,063  
Japan – 14.4%      

Aeon Co., Ltd.(a)

      19,400         256,482  

Aisin Seiki Co., Ltd.

      4,800         169,498  

Ajinomoto Co., Inc.

      18,000         227,037  

 

See Notes to Financial Statements.

 

34   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Asahi Glass Co., Ltd.

      28,000       $ 238,848  

Asahi Group Holdings Ltd.

      7,800         173,733  

Asahi Kasei Corp.

      38,000         235,956  

Astellas Pharma, Inc.(a)

      16,000         661,036  

Azbil Corp.

      4,900         108,962  

Bank of Saga Ltd. (The)

      81,000         232,286  

Bank of Yokohama Ltd. (The)

      28,000         140,859  

Bridgestone Corp.

      8,600         209,631  

Brother Industries Ltd.

      9,900         134,975  

Canon, Inc.

      34,100         1,620,159  

Chiba Bank Ltd. (The)

      36,000         230,974  

Chiyoda Co., Ltd.

      7,900         159,354  

Chubu Electric Power Co., Inc.(a)

      25,100         455,670  

Chugai Pharmaceutical Co., Ltd.

      15,800         292,980  

Chugoku Electric Power Co., Inc. (The)(a)

      15,600         291,357  

Circle K Sunkus Co., Ltd.

      8,000         172,161  

Coca-Cola West Co., Ltd.

      6,900         121,659  

Cosmo Oil Co., Ltd.(a)

      49,000         136,946  

Dai Nippon Printing Co., Ltd.(a)

      31,000         318,683  

Daihatsu Motor Co., Ltd.(a)

      13,000         239,480  

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

      83         115,279  

Daiichi Sankyo Co., Ltd.(a)

      22,200         406,800  

Daikin Industries Ltd.(a)

      4,900         134,148  

Dainippon Sumitomo Pharma Co., Ltd.(a)

      16,000         170,509  

Daishi Bank Ltd. (The)

      65,000         229,844  

Daito Trust Construction Co., Ltd.

      4,600         415,311  

Daiwa House Industry Co., Ltd.

      15,000         199,405  

Daiwa Securities Group, Inc.

      45,000         178,808  

Denso Corp.

      10,800         362,865  

East Japan Railway Co.

      7,700         487,478  

Eisai Co., Ltd.(a)

      12,200         487,733  

Electric Power Development Co., Ltd.(a)

      6,400         174,514  

Ezaki Glico Co., Ltd.

      15,000         180,995  

FANUC Corp.

      3,300         588,663  

Fast Retailing Co., Ltd.

      1,700         389,598  

Fuji Heavy Industries Ltd.

      20,000         161,614  

FUJIFILM Holdings Corp.

      6,700         158,025  

Fujitsu Ltd.

      65,000         344,371  

Hakuhodo DY Holdings, Inc.(a)

      3,030         191,458  

Hirose Electric Co., Ltd.

      400         42,238  

Hisamitsu Pharmaceutical Co., Inc.(a)

      3,800         181,238  

Hitachi Chemical Co., Ltd.

      6,900         124,929  

Hitachi Ltd.

      48,000         309,715  

Hokkaido Electric Power Co., Inc.

      11,800         174,215  

Hokuhoku Financial Group, Inc.

      99,000         190,072  

Hokuriku Electric Power Co.

      10,000         181,785  

Honda Motor Co., Ltd.

      23,700         905,723  

Hoya Corp.

      9,600         216,859  

Ibiden Co., Ltd.

      4,100         105,471  

Idemitsu Kosan Co., Ltd.

      1,400         140,349  

Isuzu Motors Ltd.

      29,000         170,910  

Ito En Ltd.

      8,200         147,968  

ITOCHU Corp.

      31,700         347,835  

Itochu Enex Co., Ltd.

      28,100         166,971  
     

Itochu Techno-Solutions Corp.(a)

      6,500       $ 292,636  

Japan Tobacco, Inc.

      145         821,071  

JFE Holdings, Inc.

      11,100         239,818  

JGC Corp.

      6,000         187,010  

Joyo Bank Ltd. (The)

      23,000         105,924  

JS Group Corp.

      7,400         155,832  

JSR Corp.

      7,100         143,734  

Juroku Bank Ltd. (The)

      65,000         225,105  

JX Holdings, Inc.

      65,679         409,421  

Kajima Corp.(a)

      49,000         150,046  

Kaneka Corp.

      28,000         169,779  

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

      31,600         492,268  

Kao Corp.(a)

      13,800         364,221  

Kawasaki Kisen Kaisha Ltd.*(a)

      42,000         92,885  

KDDI Corp.(a)

      74         481,973  

Kewpie Corp.

      13,500         199,970  

Kintetsu Corp.(a)

      64,000         244,972  

Kirin Holdings Co., Ltd.

      24,000         312,340  

Kobe Steel Ltd.

      88,000         143,289  

Kokuyo Co., Ltd.

      25,300         189,992  

Komatsu Ltd.

      12,200         349,715  

Konami Corp.(a)

      5,000         142,536  

Konica Minolta Holdings, Inc.

      17,500         153,746  

Kubota Corp.

      31,000         299,471  

Kuraray Co., Ltd.

      10,900         155,099  

Kyocera Corp.

      3,200         294,744  

Kyowa Hakko Kirin Co., Ltd.

      22,000         245,944  

Kyushu Electric Power Co., Inc.

      16,100         230,657  

Lawson, Inc.

      4,800         303,882  

Lion Corp.

      33,000         190,072  

Makita Corp.

      4,000         161,371  

Marubeni Corp.

      42,000         304,684  

Marui Group Co., Ltd.

      15,800         132,475  

Medipal Holdings Corp.

      13,600         177,158  

MEIJI Holdings Co., Ltd.

      4,300         188,888  

Mitsubishi Chemical Holdings Corp.

      24,400         131,050  

Mitsubishi Corp.(a)

      33,400         779,245  

Mitsubishi Electric Corp.

      29,000         257,950  

Mitsubishi Estate Co., Ltd.

      14,000         251,097  

Mitsubishi Heavy Industries Ltd.

      39,000         190,036  

Mitsubishi Tanabe Pharma Corp.

      13,700         193,277  

Mitsubishi UFJ Financial Group, Inc.(a)

      361,900         1,811,809  

Mitsui & Co., Ltd.(a)

      50,500         832,718  

Mitsui Chemicals, Inc.

      40,000         122,000  

Mitsui Fudosan Co., Ltd.

      17,000         327,006  

Mitsui O.S.K. Lines Ltd.(a)

      39,000         170,606  

Mizuho Financial Group, Inc.(a)

      823,200         1,350,410  

MS&AD Insurance Group Holdings(a)

      11,530         238,040  

Murata Manufacturing Co., Ltd.

      1,400         83,444  

Nagase & Co., Ltd.

      14,900         185,401  

Namco Bandai Holdings, Inc.

      13,100         190,065  

NEC Fielding Ltd.

      6,600         86,535  

Nintendo Co., Ltd.

      4,700         711,040  

Nippon Electric Glass Co., Ltd.

      10,000         87,369  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      35   

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nippon Express Co., Ltd.

      64,000       $ 251,194  

Nippon Steel Corp.(a)

      94,000         259,287  

Nippon Telegraph & Telephone Corp.(a)

      36,200         1,651,753  

Nippon Yusen K.K.(a)

      49,000         154,809  

Nissan Chemical Industries Ltd.

      11,900         112,356  

Nissan Motor Co., Ltd.

      47,900         512,788  

Nisshin Seifun Group, Inc.

      12,500         152,044  

Nissin Foods Holdings Co., Ltd.(a)

      4,900         184,282  

Nitto Denko Corp.

      3,700         149,942  

NKSJ Holdings, Inc.(a)

      15,319         344,373  

Nomura Holdings, Inc.

      67,600         300,645  

Nomura Research Institute Ltd.

      9,300         232,006  

NSK Ltd.

      14,000         108,366  

NTN Corp.

      25,000         106,325  

NTT DoCoMo, Inc.(a)

      1,218         2,033,577  

OJI Paper Co., Ltd.(a)

      44,000         213,865  

Oracle Corp.

      6,600         252,227  

Oriental Land Co., Ltd.

      1,900         204,788  

Osaka Gas Co., Ltd.

      49,000         197,679  

Otsuka Corp.

      2,300         188,092  

Otsuka Holdings Co., Ltd.

      8,848         263,413  

Panasonic Corp.

      23,300         215,460  

Park24 Co., Ltd.

      17,300         234,395  

Resona Holdings, Inc.

      73,600         340,745  

Ricoh Co., Ltd.(a)

      29,000         283,675  

Ryosan Co., Ltd.

      4,900         99,078  

Saibu Gas Co., Ltd.

      49,000         132,778  

Sankyo Co., Ltd.

      4,400         217,073  

Secom Co., Ltd.

      6,500         319,886  

Sega Sammy Holdings, Inc.

      7,900         166,457  

Sekisui House Ltd.

      23,000         226,660  

Seven & I Holdings Co., Ltd.

      19,600         585,416  

Sharp Corp.(a)

      28,000         205,505  

Shikoku Electric Power Co., Inc.(a)

      9,300         263,648  

Shin-Etsu Chemical Co., Ltd.

      8,700         505,328  

Shionogi & Co., Ltd.(a)

      11,200         155,694  

Shiseido Co., Ltd.

      14,300         248,137  

Shizuoka Bank Ltd. (The)

      23,000         238,119  

Showa Shell Sekiyu K.K.

      14,800         94,956  

SMC Corp.

      1,000         159,912  

Sony Corp.

      4,900         101,459  

Sony Financial Holdings, Inc.

      9,252         165,264  

Sumitomo Bakelite Co., Ltd.(a)

      21,000         111,258  

Sumitomo Chemical Co., Ltd.(a)

      45,000         192,478  

Sumitomo Corp.

      33,800         491,218  

Sumitomo Electric Industries Ltd.

      15,600         214,774  

Sumitomo Metal Industries Ltd.

      154,000         312,510  

Sumitomo Metal Mining Co., Ltd.

      17,000         240,245  

Sumitomo Mitsui Financial Group, Inc.(a)

      47,600         1,575,002  

Sumitomo Mitsui Trust Holdings, Inc.

      64,070         205,535  

Sumitomo Realty & Development Co., Ltd.

      8,000         193,936  

Suzuken Co., Ltd.

      6,500         201,568  

T&D Holdings, Inc.

      19,000         221,411  

Taisei Corp.

      64,000         167,981  
     

Takeda Pharmaceutical Co., Ltd.(a)

      29,900       $ 1,324,327  

TDK Corp.(a)

      3,200         182,368  

Tokio Marine Holdings, Inc.

      11,700         322,871  

Tokyo Electron Ltd.

      4,700         270,423  

Tokyo Gas Co., Ltd.

      49,000         232,213  

TonenGeneral Sekiyu K.K.

      26,000         240,744  

Toppan Forms Co., Ltd.

      21,900         201,982  

Toppan Printing Co., Ltd.(a)

      36,000         282,593  

Toshiba Corp.

      49,000         216,732  

Toyota Motor Corp.

      40,900         1,774,263  

Toyota Tsusho Corp.(a)

      10,200         208,846  

Trend Micro, Inc.

      6,400         197,767  

USS Co., Ltd.(a)

      2,060         210,018  

Yahoo! Japan Corp.(a)

      761         247,641  

Yamato Holdings Co., Ltd.

      12,800         198,933  
     

 

 

  
Total Japan         55,437,341  
Netherlands – 1.9%      

Akzo Nobel N.V.

      5,663         333,858  

ASML Holding N.V.

      6,422         320,536  

European Aeronautic Defence and Space Co. N.V.

      7,541         308,350  

Exact Holding N.V.(a)

      3,013         71,020  

Fugro N.V. CVA

      2,595         184,607  

Heineken Holding N.V.

      5,613         262,367  

Heineken N.V.

      8,397         466,022  

Koninklijke Ahold N.V.

      26,513         366,843  

Koninklijke Boskalis Westminster N.V.

      4,438         166,457  

Koninklijke DSM N.V.

      4,700         271,546  

Koninklijke KPN N.V.

      102,596         1,126,900  

Koninklijke Philips Electronics N.V.

      32,822         664,378  

PostNL N.V.

      31,052         191,459  

Randstad Holding N.V.

      6,065         228,492  

Reed Elsevier N.V.

      19,071         243,200  

STMicroelectronics N.V.

      27,264         222,928  

Unilever N.V. CVA

      51,458         1,748,456  

Wolters Kluwer N.V.

      12,613         238,514  
     

 

 

  
Total Netherlands         7,415,933  
New Zealand – 0.3%      

Auckland International Airport Ltd.

      141,721         285,688  

Telecom Corp. of New Zealand Ltd.

      145,557         289,246  

Vector Ltd.

      115,960         246,111  

Warehouse Group Ltd. (The)

      71,662         163,838  
     

 

 

  
Total New Zealand         984,883  
Norway – 2.0%      

ABG Sundal Collier Holding ASA

      171,468         148,500  

Aker ASA Class A

      7,383         241,395  

Aker Solutions ASA

      7,949         134,271  

DNB ASA

      66,112         848,414  

Fred Olsen Energy ASA

      7,460         292,041  

Gjensidige Forsikring ASA

      31,211         367,974  

Marine Harvest ASA

      672,830         346,792  

Norsk Hydro ASA

      36,512         198,497  

Orkla ASA

      46,797         369,680  

SpareBank 1 SMN

      37,676         241,748  

 

See Notes to Financial Statements.

 

36   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Statoil ASA

      115,526       $ 3,131,165  

Telenor ASA

      57,465         1,063,859  

Veidekke ASA

      18,110         153,667  

Yara International ASA

      4,177         198,889  
     

 

 

  
Total Norway         7,736,892  
Portugal – 0.4%      

Banco Espirito Santo S.A.

      66,688         121,668  

Brisa Auto-Estradas de Portugal S.A.

      47,465         168,768  

Cimpor Cimentos de Portugal, SGPS, S.A.

      28,818         191,885  

EDP-Energias de Portugal S.A.

      196,323         570,208  

Mota-Engil, SGPS, S.A.

      59,405         96,276  

Portugal Telecom, SGPS, S.A.

      67,157         364,797  

Sonae

      183,538         109,010  

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

      28,909         98,170  
     

 

 

  
Total Portugal         1,720,782  
Singapore – 2.2%      

Cityspring Infrastructure Trust

      393,000         120,336  

DBS Group Holdings Ltd.

      48,000         541,329  

Fraser and Neave Ltd.

      49,000         261,105  

Jardine Cycle & Carriage Ltd.

      11,000         422,468  

Keppel Corp., Ltd.

      49,100         429,164  

Keppel Land Ltd.(a)

      81,000         223,542  

M1 Ltd.

      88,000         177,771  

Oversea-Chinese Banking Corp., Ltd.

      94,000         666,863  

Sakari Resources Ltd.

      49,000         90,802  

SATS Ltd.

      79,000         156,448  

SembCorp Industries Ltd.

      49,000         205,766  

SembCorp Marine Ltd.(a)

      94,000         394,735  

SIA Engineering Co., Ltd.

      97,000         310,900  

Singapore Airlines Ltd.

      30,000         256,969  

Singapore Exchange Ltd.

      48,000         264,938  

Singapore Press Holdings Ltd.

      117,000         364,767  

Singapore Technologies Engineering Ltd.

      152,000         392,890  

Singapore Telecommunications Ltd.

      562,000         1,407,961  

StarHub Ltd.

      122,000         300,791  

United Overseas Bank Ltd.

      48,000         700,521  

UOB-Kay Hian Holdings Ltd.

      172,000         231,185  

Venture Corp., Ltd.

      28,000         189,732  

Wilmar International Ltd.

      48,000         187,060  

Yangzijiang Shipbuilding Holdings Ltd.

      136,000         143,858  
     

 

 

  
Total Singapore         8,441,901  
Spain – 5.3%      

Abertis Infraestructuras, S.A.

      13,915         236,543  

Acciona S.A.

      2,517         175,505  

Acerinox S.A.

      14,005         179,734  

ACS Actividades de Construccion y Servicios, S.A.

      17,379         444,126  

Antena 3 de Television S.A.

      22,457         133,979  

Banco Bilbao Vizcaya Argentaria S.A.(a)

      183,373         1,457,128  

Banco de Sabadell S.A.

      66,699         181,377  

Banco Espanol de Credito S.A.(a)

      43,464         208,024  

Banco Popular Espanol S.A.(a)

      41,799         149,735  

Banco Popular Espanol S.A. Temp Line*(a)

      504         1,806  
     

Banco Santander S.A.

      535,612       $ 4,115,593  

Bolsas y Mercados Espanoles S.A.

      8,942         228,873  

CaixaBank(a)

      174,857         679,710  

Duro Felguera S.A.

      18,869         122,373  

Enagas S.A.

      11,376         218,606  

Endesa S.A.

      38,840         772,745  

Ferrovial S.A.

      32,770         376,088  

Fomento de Construcciones y Contratas S.A.(a)

      9,124         203,520  

Gas Natural SDG S.A.

      44,490         709,783  

Iberdrola S.A.

      236,344         1,339,845  

Inditex S.A.

      11,422         1,092,431  

Indra Sistemas S.A.(a)

      11,162         136,574  

Mapfre S.A.(a)

      157,455         506,174  

Mediaset Espana Comunicacion S.A.

      25,367         145,259  

Red Electrica Corp. S.A.

      4,677         228,519  

Repsol YPF S.A.

      38,651         968,179  

Tecnicas Reunidas S.A.

      2,769         115,178  

Telefonica S.A.

      305,363         4,995,718  

Zardoya Otis S.A.

      21,632         279,719  
     

 

 

  
Total Spain         20,402,844  
Sweden – 3.5%      

Alfa Laval AB

      12,164         249,500  

Assa Abloy AB Class B

      9,519         298,107  

Atlas Copco AB Class A

      27,703         668,427  

Axis Communications AB

      4,355         117,484  

Billerud AB

      14,523         134,060  

Boliden AB

      12,989         203,389  

Electrolux AB Series B(a)

      11,670         246,051  

Fabege AB

      18,401         158,210  

Hennes & Mauritz AB Class B

      57,054         2,058,479  

Husqvarna AB Class B(a)

      23,752         142,862  

Intrum Justitia AB

      11,225         186,087  

Kinnevik Investment AB Class B

      9,776         226,744  

NCC AB Class B

      7,985         167,875  

Nordea Bank AB(a)

      121,827         1,104,372  

Peab AB

      29,275         149,125  

Ratos AB Class B(a)

      14,270         197,533  

Sandvik AB

      29,835         429,403  

Scania AB Class B

      23,707         491,622  

Securitas AB Class B

      21,891         210,486  

Skandinaviska Enskilda Banken AB Class A(a)

      58,123         411,701  

Skanska AB Class B

      21,768         376,286  

SKF AB Class B

      11,516         280,292  

SSAB AB Class B(a)

      11,638         94,976  

Svenska Cellulosa AB Class B(a)

      25,164         434,611  

Svenska Handelsbanken AB Class A(a)

      23,479         746,264  

Swedbank AB Class A(a)

      16,534         256,157  

Swedish Match AB

      6,713         266,482  

Tele2 AB Class B

      18,656         379,567  

Telefonaktiebolaget LM Ericsson Class B

      69,590         718,936  

TeliaSonera AB

      199,903         1,390,058  

Volvo AB Class A

      44,519         645,777  
     

 

 

  
Total Sweden         13,440,923  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      37   

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Switzerland – 7.0%      

ABB Ltd.*

      51,359       $ 1,052,352  

Actelion Ltd.*

      2,977         108,692  

Adecco S.A.*

      4,101         214,612  

Baloise Holding AG

      2,772         222,962  

Bank Sarasin & Cie AG Class B

      2,198         68,821  

Cie Financiere Richemont S.A. Class A

      3,652         228,692  

Credit Suisse Group AG

      33,397         950,716  

GAM Holding AG*

      10,468         152,298  

Geberit AG*

      1,378         287,995  

Holcim Ltd.*

      6,150         400,769  

Kuehne + Nagel International AG

      2,611         352,717  

Lonza Group AG*

      1,818         93,852  

Nestle S.A.

      94,624         5,946,388  

Novartis AG

      88,977         4,918,173  

Partners Group Holding AG

      1,363         265,558  

Roche Holding AG - Genusschein

      29,991         5,212,797  

Schindler Holding AG Participating Shares

      2,269         272,626  

SGS S.A.

      293         569,240  

Sulzer AG

      1,123         159,408  

Swatch Group AG (The)

      3,649         292,897  

Swiss Re AG*

      16,179         1,031,940  

Swisscom AG(a)

      2,675         1,079,944  

Syngenta AG*

      1,898         655,381  

Vontobel Holding AG

      7,639         193,542  

Zurich Financial Services AG*

      8,700         2,335,144  
     

 

 

  
Total Switzerland         27,067,516  
United Kingdom – 19.6%      

Aberdeen Asset Management PLC

      55,683         228,647  

Admiral Group PLC

      11,869         225,099  

AMEC PLC

      10,319         182,678  

Amlin PLC

      36,529         192,485  

Anglo American PLC

      15,553         580,740  

Antofagasta PLC

      46,126         848,999  

Ashmore Group PLC

      36,228         212,721  

Associated British Foods PLC

      18,233         355,408  

AstraZeneca PLC

      64,231         2,851,952  

Aviva PLC

      149,333         790,949  

BAE Systems PLC

      170,031         814,730  

Balfour Beatty PLC

      41,749         190,441  

Barclays PLC

      222,522         836,395  

Berendsen PLC

      23,482         195,846  

BG Group PLC

      30,960         716,273  

BHP Billiton PLC

      42,719         1,301,951  

BP PLC

      320,026         2,365,118  

British American Tobacco PLC

      73,925         3,721,172  

British Land Co. PLC

      25,059         192,143  

British Sky Broadcasting Group PLC

      38,487         415,690  

BT Group PLC

      244,414         884,120  

Burberry Group PLC

      6,595         157,741  

Cable & Wireless Communications PLC

      362,044         186,783  

Cable & Wireless Worldwide PLC

      251,071         136,391  

Capita PLC

      18,742         219,347  

Carillion PLC

      31,160         148,561  
     

Carnival PLC

      4,101       $ 130,916  

Centrica PLC

      196,677         994,258  

Close Brothers Group PLC

      16,482         206,723  

Compass Group PLC

      49,345         516,803  

Cookson Group PLC

      20,440         225,667  

Croda International PLC

      14,835         499,177  

Daily Mail & General Trust PLC Class A

      21,018         151,621  

De La Rue PLC

      9,065         130,352  

Diageo PLC

      66,993         1,608,247  

Drax Group PLC

      27,437         238,695  

DS Smith PLC

      72,548         207,601  

Electrocomponents PLC

      32,922         130,346  

Eurasian Natural Resources Corp. PLC

      30,578         289,472  

Fidessa Group PLC

      3,901         103,153  

Firstgroup PLC

      38,150         144,888  

Fresnillo PLC

      15,279         390,104  

G4S PLC

      48,313         210,349  

GKN PLC

      51,141         168,405  

GlaxoSmithKline PLC

      232,017         5,176,899  

Halfords Group PLC

      20,332         100,900  

Hammerson PLC

      29,664         196,976  

Hays PLC

      118,237         159,348  

Home Retail Group PLC(a)

      81,229         147,953  

HSBC Holdings PLC

      555,132         4,920,867  

ICAP PLC

      30,126         189,070  

IG Group Holdings PLC

      23,875         171,658  

IMI PLC

      11,248         174,773  

Imperial Tobacco Group PLC

      36,438         1,475,847  

Inmarsat PLC

      19,087         140,374  

Intercontinental Hotels Group PLC

      8,569         198,932  

International Power PLC

      112,461         727,723  

Investec PLC

      23,557         143,891  

J. Sainsbury PLC

      79,750         396,660  

John Wood Group PLC

      9,484         108,572  

Johnson Matthey PLC

      5,854         220,643  

Kazakhmys PLC

      7,457         108,183  

Kesa Electricals PLC

      44,844         50,155  

Kingfisher PLC

      63,655         311,929  

Ladbrokes PLC

      62,513         159,908  

Legal & General Group PLC

      233,957         488,563  

Logica PLC

      81,783         130,146  

London & Stamford Property PLC

      100,127         176,616  

London Stock Exchange Group PLC

      10,479         173,121  

Man Group PLC

      161,263         347,323  

Marks & Spencer Group PLC

      64,325         389,518  

Meggitt PLC

      28,961         186,894  

Melrose PLC

      23,643         159,829  

Mondi PLC

      15,991         150,615  

N. Brown Group PLC

      26,662         98,830  

National Grid PLC

      151,270         1,523,866  

Next PLC

      6,371         303,648  

Old Mutual PLC

      168,645         427,352  

Pearson PLC

      25,866         481,464  

Premier Farnell PLC

      27,886         95,615  

 

See Notes to Financial Statements.

 

38   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Fund (DWM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Provident Financial PLC

      12,447       $ 227,907  

Prudential PLC

      73,821         881,658  

Reckitt Benckiser Group PLC

      21,317         1,203,313  

Reed Elsevier PLC

      45,038         399,375  

Rexam PLC

      29,005         198,393  

Rio Tinto PLC

      21,094         1,161,404  

Royal Dutch Shell PLC Class A

      134,657         4,697,763  

Royal Dutch Shell PLC Class B

      106,998         3,760,179  

RSA Insurance Group PLC(a)

      218,196         364,659  

SABMiller PLC

      29,492         1,182,498  

Sage Group PLC (The)

      50,032         239,176  

Segro PLC

      45,417         170,383  

Severn Trent PLC

      11,385         280,860  

Smith & Nephew PLC

      15,383         155,703  

Smiths Group PLC

      13,752         231,148  

SSE PLC

      40,901         868,496  

Standard Chartered PLC

      53,912         1,343,752  

Standard Life PLC

      108,458         398,044  

Tate & Lyle PLC

      54,707         616,227  

TESCO PLC

      241,773         1,274,767  

Travis Perkins PLC

      13,590         234,288  

TUI Travel PLC

      62,822         197,034  

Unilever PLC

      43,483         1,433,964  

United Utilities Group PLC

      33,946         326,237  

Vedanta Resources PLC

      4,606         90,371  

Vodafone Group PLC

      2,372,856         6,528,501  

Weir Group PLC (The)

      4,037         113,780  

WH Smith PLC

      18,169         158,211  

Whitbread PLC

      6,113         180,104  

William Hill PLC

      36,738         153,437  

WM Morrison Supermarkets PLC

      77,043         366,825  

Xstrata PLC

      19,500         332,748  
     

 

 

  
Total United Kingdom         75,485,023  
TOTAL COMMON STOCKS
(Cost: $388,834,721)		               382,088,230  
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      

WisdomTree International Dividend ex-Financials Fund(a)(d)

      
(Cost: $387,001)      9,299         388,791  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.9%      
MONEY MARKET FUND – 8.9%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(e)

      
(Cost: $34,221,578)(f)      34,221,578         34,221,578  
TOTAL INVESTMENTS IN SECURITIES – 108.2%
(Cost: $423,443,300)		          416,698,599   

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

   

      (31,496,183 ) 
  

 

 

  
NET ASSETS – 100.0%       $ 385,202,416  

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. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security — A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Escrow security — additional shares issued as a result of a corporate action.

 

(d) 

Affiliated company (See Note 7).

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(f) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $32,206,996 and the total market value of the collateral held by the Fund was $34,221,578.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      39   

Table of Contents

Schedule of Investments

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.0%      
Australia – 17.2%      

Adelaide Brighton Ltd.

      29,615       $ 88,971  

Aditya Birla Minerals Ltd.

      55,968         41,456  

AGL Energy Ltd.

      14,194         216,888  

Alumina Ltd.

      62,654         80,159  

Amcor Ltd.

      47,486         365,997  

AMP Ltd.

      113,946         509,943  

APN News & Media Ltd.

      51,833         48,595  

Australia & New Zealand Banking Group Ltd.

      137,297         3,308,334  

Automotive Holdings Group

      24,543         60,512  

Bank of Queensland Ltd.(a)

      12,450         93,894  

Bank of Queensland Ltd. Placement Shares*

      2,692         20,302  

Bendigo and Adelaide Bank Ltd.

      21,240         170,528  

Billabong International Ltd.(a)

      11,778         33,920  

Boral Ltd.

      19,954         83,305  

Bradken Ltd.

      6,851         60,895  

Brambles Ltd.

      43,707         321,476  

Brickworks Ltd.

      5,440         60,751  

Cabcharge Australia Ltd.

      5,134         32,071  

Caltex Australia Ltd.

      11,405         164,110  

Cardno Ltd.

      10,024         72,587  

carsales.com Ltd.(a)

      11,811         67,908  

Coca-Cola Amatil Ltd.

      27,273         352,321  

Cochlear Ltd.

      1,341         85,992  

Commonwealth Bank of Australia

      77,660         4,030,637  

Computershare Ltd.

      16,189         150,939  

Consolidated Media Holdings Ltd.

      34,238         103,214  

Crown Ltd.

      28,894         260,115  

CSR Ltd.

      47,244         88,096  

David Jones Ltd.(a)

      33,888         84,606  

DuluxGroup Ltd.(a)

      19,134         59,069  

Envestra Ltd.(b)

      102,973         82,673  

Fairfax Media Ltd.(a)

      67,935         51,024  

FKP Property Group(b)

      122,070         62,597  

Fleetwood Corp., Ltd.

      5,351         67,906  

Flight Centre Ltd.(a)

      3,601         82,070  

GrainCorp Ltd.

      6,693         62,749  

GUD Holdings Ltd.

      6,182         52,643  

GWA Group Ltd.(a)

      19,667         43,804  

Harvey Norman Holdings Ltd.(a)

      49,511         103,095  

Hills Holdings Ltd.

      20,826         23,193  

Insurance Australia Group Ltd.

      72,969         257,013  

IOOF Holdings Ltd.

      14,473         86,661  

Iress Market Technology Ltd.

      6,613         47,955  

JB Hi-Fi Ltd.(a)

      4,974         56,475  

Kingsgate Consolidated Ltd.

      5,565         36,896  

Leighton Holdings Ltd.

      17,305         382,206  

Lend Lease Group(b)

      18,070         139,835  

Macquarie Group Ltd.

      17,436         525,267  

Metcash Ltd.

      42,296         188,411  

Monadelphous Group Ltd.

      3,868         95,769  

Myer Holdings Ltd.(a)

      41,646         100,955  

National Australia Bank Ltd.

      108,141         2,755,904  
     

Navitas Ltd.

      15,595       $ 57,353  

NIB Holdings Ltd.

      39,061         60,091  

OneSteel Ltd.

      83,039         106,670  

Orica Ltd.

      11,650         337,565  

Origin Energy Ltd.

      24,999         345,734  

OZ Minerals Ltd.

      13,986         141,411  

Perpetual Ltd.

      3,158         83,064  

Platinum Asset Management Ltd.(a)

      31,119         130,885  

Primary Health Care Ltd.

      16,817         49,826  

QBE Insurance Group Ltd.

      66,692         978,999  

Ramsay Health Care Ltd.

      4,241         85,892  

SAI Global Ltd.

      5,502         28,499  

Salmat Ltd.(a)

      14,599         35,541  

Seven West Media Ltd.(a)

      22,178         89,833  

Sonic Healthcare Ltd.

      15,669         203,228  

Suncorp Group Ltd.

      46,472         404,398  

TABCORP Holdings Ltd.

      81,184         228,759  

Tatts Group Ltd.

      51,688         132,794  

Telstra Corp., Ltd.

      954,045         3,251,647  

Toll Holdings Ltd.

      28,756         174,866  

Transfield Services Ltd.

      17,237         44,285  

UGL Ltd.(a)

      7,126         97,445  

Wesfarmers Ltd.

      41,310         1,284,708  

Westpac Banking Corp.

      174,498         3,957,080  

Woolworths Ltd.

      44,727         1,203,781  

WorleyParsons Ltd.

      5,964         176,888  

Wotif.com Holdings Ltd.(a)

      11,354         53,988  
     

 

 

  
Total Australia         30,167,922  
Austria – 0.2%      

Bank Austria Creditanstalt AG*†(c)

      3,058         —   

Oesterreichische Post AG

      2,838         98,642  

Telekom Austria AG

      22,389         260,348  
     

 

 

  
Total Austria         358,990  
Belgium – 0.7%      

Ageas

      73,831         162,033  

Belgacom S.A.

      18,326         588,276  

Cie Maritime Belge S.A.

      2,217         52,641  

Cofinimmo

      813         99,822  

Elia System Operator S.A./N.V.

      2,212         93,527  

EVS Broadcast Equipment S.A.

      890         46,081  

Mobistar S.A.

      2,098         104,352  

Tessenderlo Chemie N.V.

      1,288         42,932  
     

 

 

  
Total Belgium         1,189,664  
Denmark – 0.0%      

D/S Norden

      1,779         52,862  
Finland – 1.9%      

Alma Media Oyj(a)

      6,197         44,068  

Elisa Oyj

      4,961         118,720  

Fortum Oyj

      23,003         557,522  

Kemira Oyj

      3,905         51,743  

Kesko Oyj Class B

      1,431         46,365  

Metso Oyj(a)

      3,773         161,035  

 

See Notes to Financial Statements.

 

40   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nokia Oyj

      217,142       $ 1,180,384  

Pohjola Bank PLC Class A

      9,219         101,960  

Rautaruukki Oyj(a)

      3,413         35,770  

Sampo Oyj Class A

      17,164         495,318  

Sanoma Oyj(a)

      8,647         110,546  

Tieto Oyj(a)

      3,708         69,576  

Tikkurila Oyj

      2,365         44,754  

UPM-Kymmene Oyj(a)

      13,544         184,153  

Uponor Oyj(a)

      3,573         41,110  
     

 

 

  
Total Finland         3,243,024  
France – 11.8%      

AXA S.A.

      63,344         1,048,535  

BNP Paribas S.A.

      29,244         1,385,441  

Bouygues S.A.

      11,490         350,857  

Casino Guichard Perrachon S.A.

      2,650         260,793  

CNP Assurances

      19,041         296,676  

EDF S.A.

      47,432         1,080,756  

Euler Hermes S.A.

      1,362         106,831  

France Telecom S.A.

      154,539         2,285,404  

GDF Suez

      82,948         2,139,646  

ICADE

      1,318         117,404  

Klepierre

      5,340         184,893  

Lafarge S.A.

      7,651         364,608  

Lagardere SCA

      4,054         124,872  

M6-Metropole Television S.A.

      5,530         99,786  

Natixis

      112,180         430,990  

Neopost S.A.

      1,352         86,818  

Nexity S.A.

      1,873         59,164  

Rallye S.A.

      1,327         49,790  

Sanofi

      37,507         2,908,476  

SCOR SE

      6,881         185,651  

Societe d’Edition de Canal +

      8,017         50,712  

Societe Generale S.A.

      19,444         568,752  

Societe Television Francaise 1

      6,286         76,855  

Suez Environnement Co.

      13,562         207,696  

Total S.A.

      84,703         4,313,433  

Veolia Environnement S.A.

      17,818         295,061  

Vinci S.A.

      13,131         683,724  

Vivendi S.A.

      57,764         1,058,479  
     

 

 

  
Total France         20,822,103  
Germany – 6.7%      

Allianz SE

      13,145         1,566,190  

Axel Springer AG

      2,996         151,093  

Bilfinger Berger SE

      1,178         110,487  

Comdirect Bank AG(a)

      5,217         60,255  

Daimler AG(a)

      25,118         1,512,258  

Deutsche Boerse AG

      4,768         320,525  

Deutsche Lufthansa AG

      10,695         149,475  

Deutsche Post AG

      37,463         720,154  

Deutsche Telekom AG

      175,995         2,115,681  

E.ON AG

      93,197         2,229,023  

Hannover Rueckversicherung AG

      4,877         289,274  

MLP AG

      5,863         52,000  
     

Muenchener Rueckversicherungs AG

      7,034       $ 1,058,959  

RWE AG

      28,174         1,343,379  

SMA Solar Technology AG(a)

      912         41,269  
     

 

 

  
Total Germany         11,720,022  
Hong Kong – 4.8%      

BOC Hong Kong Holdings Ltd.

      271,000         748,706  

Cathay Pacific Airways Ltd.

      144,000         266,708  

China Mobile Ltd.

      504,500         5,552,489  

CLP Holdings Ltd.

      47,024         405,797  

Guangdong Investment Ltd.

      158,000         110,095  

Hang Seng Bank Ltd.

      51,418         683,454  

HKT Trust and HKT Ltd.*(b)

      4,413         3,433  

Hopewell Holdings Ltd.

      35,000         96,020  

PCCW Ltd.

      209,000         74,835  

Power Assets Holdings Ltd.

      45,518         334,174  

Shanghai Industrial Holdings Ltd.

      34,000         104,881  

Shenzhen Investment Ltd.

      196,000         42,664  

Television Broadcasts Ltd.

      9,000         60,684  
     

 

 

  
Total Hong Kong         8,483,940  
Ireland – 0.2%      

CRH PLC

      19,531         397,944  
Italy – 4.1%      

A2A SpA(a)

      112,480         90,098  

ACEA SpA

      7,642         48,523  

Atlantia SpA

      17,894         296,677  

Banca Carige SpA(a)

      41,593         54,503  

Banca Generali SpA

      4,968         66,556  

Banca Popolare di Milano SCRL

      46,382         25,769  

Banca Popolare di Sondrio SCRL

      7,580         55,519  

Enel SpA

      306,460         1,106,802  

ENI SpA

      151,016         3,537,489  

ERG SpA

      4,559         40,343  

Fiat SpA RSP

      7,638         41,825  

Geox SpA(a)

      9,931         32,402  

Gruppo Editoriale L’Espresso SpA(a)

      20,081         28,346  

Hera SpA

      35,238         50,211  

Intesa Sanpaolo SpA RSP

      35,421         54,576  

Iren SpA

      50,498         43,207  

Mediaset SpA

      74,063         203,966  

Mediolanum SpA

      21,009         99,713  

Recordati SpA

      5,520         41,901  

Snam SpA

      121,238         582,198  

Societa Cattolica di Assicurazioni SCRL

      2,528         51,070  

Telecom Italia SpA RSP

      286,850         281,533  

Terna Rete Elettrica Nazionale SpA

      71,410         286,621  
     

 

 

  
Total Italy         7,119,848  
Japan – 5.1%      

Astellas Pharma, Inc.(a)

      10,900         450,331  

Azbil Corp.

      1,900         42,250  

Chiyoda Co., Ltd.

      5,600         112,959  

Chubu Electric Power Co., Inc.(a)

      23,200         421,177  

Chugoku Electric Power Co., Inc. (The)(a)

      10,000         186,767  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      41   

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Daiichi Sankyo Co., Ltd.(a)

      17,400       $ 318,843  

Daito Trust Construction Co., Ltd.

      1,600         144,456  

Eisai Co., Ltd.(a)

      8,600         343,812  

Electric Power Development Co., Ltd.(a)

      5,500         149,973  

Hokkaido Electric Power Co., Inc.

      7,200         106,300  

Hokuriku Electric Power Co.

      6,900         125,432  

Hoya Corp.

      10,100         228,154  

Inaba Denki Sangyo Co., Ltd.

      1,600         48,295  

IT Holdings Corp.

      4,400         51,755  

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

      26,000         405,031  

Kyushu Electric Power Co., Inc.

      16,000         229,224  

Lawson, Inc.

      2,000         126,618  

Mizuho Financial Group, Inc.(a)

      633,000         1,038,398  

Moshi Moshi Hotline, Inc.

      7,600         76,374  

NEC Fielding Ltd.

      6,300         82,602  

Nintendo Co., Ltd.

      2,600         393,341  

Nippon Suisan Kaisha Ltd.(a)

      8,900         30,498  

NKSJ Holdings, Inc.(a)

      10,498         235,996  

NSD Co., Ltd.

      7,500         69,719  

Onward Holdings Co., Ltd.(a)

      2,000         16,404  

Oracle Corp.

      5,900         225,475  

Park24 Co., Ltd.

      7,000         94,842  

Plenus Co., Ltd.

      5,400         98,230  

Ricoh Co., Ltd.(a)

      13,000         127,164  

Ryosan Co., Ltd.

      2,000         40,440  

Saibu Gas Co., Ltd.

      18,000         48,776  

Shikoku Electric Power Co., Inc.(a)

      6,700         189,940  

Shiseido Co., Ltd.(a)

      9,000         156,170  

Sumitomo Mitsui Financial Group, Inc.(a)

      35,800         1,184,560  

Taiyo Holdings Co., Ltd.(a)

      1,400         37,767  

Takasago Thermal Engineering Co., Ltd.(a)

      8,200         64,169  

Takeda Pharmaceutical Co., Ltd.(a)

      23,700         1,049,717  

Tokai Tokyo Financial Holdings, Inc.

      16,000         60,077  

TonenGeneral Sekiyu K.K.

      10,000         92,594  

Toppan Forms Co., Ltd.

      5,300         48,881  

Toyo Corp.

      800         8,749  
     

 

 

  
Total Japan         8,962,260  
Netherlands – 1.9%      

CSM

      1,786         32,025  

Delta Lloyd N.V.

      4,358         76,491  

Exact Holding N.V.

      1,901         44,809  

Koninklijke Boskalis Westminster N.V.

      2,251         84,429  

Koninklijke KPN N.V.

      77,206         848,020  

Koninklijke Philips Electronics N.V.

      24,440         494,710  

PostNL N.V.

      18,143         111,866  

Reed Elsevier N.V.

      19,154         244,259  

Unilever N.V. CVA

      38,271         1,300,384  

Wolters Kluwer N.V.

      7,432         140,540  
     

 

 

  
Total Netherlands         3,377,533  
New Zealand – 0.4%      

Air New Zealand Ltd.

      94,082         65,531  

Auckland International Airport Ltd.

      48,276         97,317  

Contact Energy Ltd.*

      11,641         45,121  
     

Fisher & Paykel Healthcare Corp., Ltd.

      24,614       $ 45,181  

Sky Network Television Ltd.

      13,505         57,325  

SKYCITY Entertainment Group Ltd.

      26,360         85,107  

Telecom Corp. of New Zealand Ltd.

      102,472         203,629  

Vector Ltd.

      47,348         100,490  

Warehouse Group Ltd. (The)

      20,356         46,539  
     

 

 

  
Total New Zealand         746,240  
Norway – 3.0%      

ABG Sundal Collier Holding ASA

      51,532         44,629  

Aker ASA Class A

      3,924         128,299  

Austevoll Seafood ASA

      8,955         34,225  

DNB ASA

      56,282         722,266  

Fred Olsen Energy ASA

      4,924         192,763  

Gjensidige Forsikring ASA

      21,587         254,508  

Leroey Seafood Group ASA

      2,337         38,513  

Marine Harvest ASA

      460,890         237,553  

Orkla ASA

      33,564         265,144  

SpareBank 1 SMN

      7,243         46,475  

SpareBank 1 SR Bank ASA(a)

      6,871         49,388  

Statoil ASA

      89,539         2,426,825  

Telenor ASA

      43,688         808,803  

Veidekke ASA

      6,749         57,266  
     

 

 

  
Total Norway         5,306,657  
Portugal – 0.7%      

Banco Espirito Santo S.A.

      40,229         73,395  

Brisa Auto-Estradas de Portugal S.A.(a)

      30,602         108,810  

Cimpor Cimentos de Portugal, SGPS, S.A.

      18,043         120,139  

EDP-Energias de Portugal S.A.

      151,909         441,210  

Mota-Engil, SGPS, S.A.

      24,955         40,444  

Portugal Telecom, SGPS, S.A.

      50,769         275,777  

REN – Redes Energeticas Nacionais S.A.

      21,726         65,677  

Sonae

      89,549         53,187  

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

      9,777         33,201  
     

 

 

  
Total Portugal         1,211,840  
Singapore – 2.0%      

ComfortDelGro Corp., Ltd.

      64,000         79,405  

Keppel Land Ltd.(a)

      59,000         162,827  

K-Green Trust

      52,000         40,943  

M1 Ltd.

      50,000         101,006  

SATS Ltd.

      52,000         102,979  

SembCorp Marine Ltd.(a)

      89,000         373,738  

SIA Engineering Co., Ltd.

      19,000         60,898  

Singapore Exchange Ltd.

      20,000         110,391  

Singapore Post Ltd.

      71,000         57,597  

Singapore Press Holdings Ltd.

      78,000         243,178  

Singapore Technologies Engineering Ltd.

      95,000         245,556  

Singapore Telecommunications Ltd.

      445,000         1,114,845  

SMRT Corp., Ltd.

      56,000         77,274  

StarHub Ltd.

      77,000         189,844  

United Overseas Bank Ltd.

      29,000         423,231  

UOB-Kay Hian Holdings Ltd.

      60,000         80,646  

Venture Corp., Ltd.

      8,000         54,209  
     

 

 

  
Total Singapore         3,518,567  

 

See Notes to Financial Statements.

 

42   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Spain – 7.9%      

Acciona S.A.

      1,604       $ 111,843  

Acerinox S.A.

      8,464         108,623  

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

      12,403         316,963  

Almirall S.A.

      5,827         50,672  

Antena 3 de Television S.A.(a)

      11,627         69,367  

Banco Bilbao Vizcaya Argentaria S.A.(a)

      140,522         1,116,623  

Banco de Sabadell S.A.(a)

      55,694         151,450  

Banco Espanol de Credito S.A.(a)

      23,520         112,570  

Banco Santander S.A.

      406,767         3,125,560  

Bolsas y Mercados Espanoles S.A.

      4,750         121,577  

CaixaBank(a)

      130,978         509,142  

Caja de Ahorros del Mediterraneo(a)

      6,353         11,337  

Duro Felguera S.A.

      6,916         44,853  

Enagas S.A.

      6,984         134,208  

Endesa S.A.

      28,671         570,427  

Ferrovial S.A.

      21,734         249,432  

Fomento de Construcciones y Contratas S.A.(a)

      5,444         121,434  

Gas Natural SDG S.A.

      32,660         521,050  

Iberdrola S.A.

      182,027         1,031,919  

Indra Sistemas S.A.(a)

      6,084         74,442  

Mapfre S.A.(a)

      105,169         338,089  

Mediaset Espana Comunicacion S.A.

      15,342         87,853  

Red Electrica Corp. S.A.

      3,063         149,658  

Repsol YPF S.A.

      31,315         784,418  

Telefonica S.A.

      234,825         3,841,721  

Zardoya Otis S.A.

      12,846         166,109  
     

 

 

  
Total Spain         13,921,340  
Sweden – 3.0%      

Axfood AB

      1,775         63,613  

Bilia AB Class A

      3,209         63,234  

Billerud AB

      5,868         54,167  

Boliden AB

      9,654         151,168  

Castellum AB

      4,423         55,560  

Electrolux AB Series B(a)

      7,717         162,705  

Fabege AB(a)

      5,982         51,433  

Hakon Invest AB

      6,581         113,760  

Hennes & Mauritz AB Class B

      43,465         1,568,195  

Hoganas AB Class B

      1,544         56,195  

Intrum Justitia AB

      4,105         68,052  

Investment AB Oresund*

      3,525         56,578  

Loomis AB Class B

      4,078         58,078  

NCC AB Class B

      3,547         74,571  

Nordea Bank AB(a)

      98,788         895,521  

Peab AB

      11,498         58,570  

Ratos AB Class B(a)

      7,642         105,785  

Securitas AB Class B

      10,846         104,286  

Skanska AB Class B

      13,614         235,334  

Tele2 AB Class B

      12,681         258,002  

TeliaSonera AB

      154,246         1,072,575  
     

 

 

  
Total Sweden         5,327,382  
     
Switzerland – 6.1%      

Baloise Holding AG

      1,540       $ 123,868  

Mobilezone Holding AG

      5,111         57,961  

Novartis AG

      65,894         3,642,268  

Roche Holding AG - Genusschein

      19,258         3,347,272  

SGS S.A.

      139         270,049  

Swiss Re AG*

      12,178         776,746  

Swisscom AG(a)

      1,603         647,159  

Vontobel Holding AG

      2,331         59,058  

Zurich Financial Services AG*

      6,712         1,801,550  
     

 

 

  
Total Switzerland         10,725,931  
United Kingdom – 21.3%      

Aberdeen Asset Management PLC

      29,507         121,162  

Admiral Group PLC

      7,173         136,038  

Amlin PLC

      18,319         96,530  

Antofagasta PLC

      36,953         680,160  

Ashmore Group PLC

      17,478         102,626  

AstraZeneca PLC

      49,218         2,185,352  

Aviva PLC

      109,916         582,175  

BAE Systems PLC

      127,036         608,712  

Balfour Beatty PLC

      19,769         90,178  

BBA Aviation PLC

      17,345         59,306  

Berendsen PLC

      2,695         22,477  

British American Tobacco PLC

      56,908         2,864,585  

British Land Co. PLC

      23,339         178,954  

Britvic PLC

      8,907         54,747  

BT Group PLC

      176,042         636,798  

Cable & Wireless Communications PLC

      205,777         106,163  

Cable & Wireless Worldwide PLC

      151,709         82,414  

Carillion PLC

      12,058         57,489  

Centrica PLC

      147,912         747,737  

Close Brothers Group PLC

      5,856         73,448  

Daily Mail & General Trust PLC Class A

      9,348         67,435  

Dairy Crest Group PLC

      12,190         64,876  

De La Rue PLC

      4,606         66,233  

Drax Group PLC

      15,733         136,873  

Electrocomponents PLC

      9,214         36,480  

Fidessa Group PLC

      1,864         49,289  

Firstgroup PLC

      19,553         74,259  

GlaxoSmithKline PLC

      177,494         3,960,350  

Greene King PLC

      7,379         60,482  

Halfords Group PLC

      9,241         45,859  

Hays PLC

      56,728         76,452  

Home Retail Group PLC

      46,644         84,959  

HSBC Holdings PLC

      433,406         3,841,849  

ICAP PLC

      17,704         111,110  

IG Group Holdings PLC

      12,119         87,134  

Imperial Tobacco Group PLC

      28,439         1,151,864  

Inmarsat PLC

      11,011         80,980  

Interserve PLC

      5,655         26,320  

J. Sainsbury PLC

      56,259         279,821  

Jardine Lloyd Thompson Group PLC

      4,512         50,355  

Kesa Electricals PLC

      25,492         28,511  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      43   

Table of Contents

Schedule of Investments (concluded)

WisdomTree DEFA Equity Income Fund (DTH)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Kier Group PLC

      2,783       $ 50,424  

Ladbrokes PLC

      30,894         79,027  

Legal & General Group PLC

      157,551         329,007  

London & Stamford Property PLC

      27,168         47,922  

Man Group PLC

      113,952         245,426  

Marks & Spencer Group PLC

      45,365         274,707  

Marston’s PLC

      32,802         51,414  

Melrose PLC

      9,018         60,962  

Micro Focus International PLC

      3,917         29,602  

Mitie Group PLC

      15,294         68,299  

Moneysupermarket.com Group PLC

      15,166         30,750  

N. Brown Group PLC

      6,266         23,227  

National Grid PLC

      118,166         1,190,383  

Next PLC

      4,274         203,703  

Pearson PLC

      18,293         340,502  

Pennon Group PLC

      7,237         82,270  

Premier Farnell PLC

      13,005         44,591  

Provident Financial PLC

      4,487         82,158  

Prudential PLC

      56,409         673,703  

Reckitt Benckiser Group PLC

      16,082         907,805  

Reed Elsevier PLC

      31,685         280,967  

Royal Dutch Shell PLC Class A

      958         33,422  

Royal Dutch Shell PLC Class B

      86,781         3,049,703  

RSA Insurance Group PLC(a)

      148,347         247,924  

Segro PLC

      19,709         73,939  

Severn Trent PLC

      7,190         177,372  

SSE PLC

      30,268         642,714  

Standard Life PLC

      94,195         345,699  

Tate & Lyle PLC

      10,654         120,008  

TESCO PLC

      189,370         998,468  

TUI Travel PLC

      38,839         121,814  

Tullett Prebon PLC

      9,927         55,513  

Unilever PLC

      32,728         1,079,290  

United Utilities Group PLC

      23,219         223,145  

Vodafone Group PLC

      1,838,552         5,058,456  

WH Smith PLC

      7,625         66,397  

William Hill PLC

      17,444         72,855  

WS Atkins PLC

      1,997         23,420  
     

 

 

  
Total United Kingdom         37,355,530  
TOTAL COMMON STOCKS
(Cost: $186,499,377)		          174,009,599  
EXCHANGE-TRADED FUND – 0.5%      
United States – 0.5%      

WisdomTree International LargeCap Dividend Fund(a)(d)

      
(Cost: $813,350)      19,042         820,710  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(e)
(Cost: $50,400)		      50,400         50,400  
     
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED – 7.7%		      
MONEY MARKET FUND – 7.7%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(e)

      
(Cost: $13,561,501)(f)      13,561,501       $ 13,561,501  
TOTAL INVESTMENTS IN SECURITIES – 107.2%
(Cost: $200,924,628)		          188,442,210  

Liabilities in Excess of Foreign Currency and Other Assets – (7.2)%

   

      (12,632,729 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 175,809,481  
RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Escrow security – additional shares issued as a result of a corporate action.

 

(d) 

Affiliated company (See Note 7).

 

(e) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(f) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $12,812,908 and the total market value of the collateral held by the Fund was $13,561,501.

 

See Notes to Financial Statements.

 

44   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.2%      
Argentina – 0.2%      

Telecom Argentina S.A. ADR

      976       $ 17,295  

YPF S.A. ADR

      5,161         146,624  
     

 

 

  
Total Argentina               163,919  
Australia – 9.7%      

Adelaide Brighton Ltd.

      10,474         31,467  

AGL Energy Ltd.

      5,270         80,527  

Alumina Ltd.

      18,705         23,931  

Amcor Ltd.

      14,767         113,816  

AMP Ltd.

      30,838         138,009  

Australia & New Zealand Banking Group Ltd.

      39,639         955,149  

Bank of Queensland Ltd.(a)

      4,527         34,141  

Bank of Queensland Ltd. Placement Shares*

      957         7,217  

Bendigo and Adelaide Bank Ltd.

      6,508         52,250  

Boral Ltd.

      7,020         29,308  

Brambles Ltd.

      12,791         94,081  

Caltex Australia Ltd.

      3,326         47,859  

Coca-Cola Amatil Ltd.

      8,490         109,676  

Cochlear Ltd.

      430         27,574  

Commonwealth Bank of Australia

      22,700         1,178,154  

Computershare Ltd.

      5,088         47,438  

Crown Ltd.

      9,008         81,094  

CSL Ltd.

      3,458         128,569  

David Jones Ltd.(a)

      11,206         27,977  

Fairfax Media Ltd.

      41,706         31,324  

Flight Centre Ltd.(a)

      1,035         23,589  

Harvey Norman Holdings Ltd.(a)

      17,138         35,686  

Incitec Pivot Ltd.

      11,137         36,343  

Insurance Australia Group Ltd.

      20,928         73,713  

Leighton Holdings Ltd.

      5,385         118,935  

Lend Lease Group(b)

      7,367         57,010  

Macquarie Group Ltd.

      5,237         157,767  

Metcash Ltd.

      14,847         66,137  

National Australia Bank Ltd.

      31,898         812,900  

OneSteel Ltd.

      29,117         37,403  

Orica Ltd.

      3,210         93,011  

Origin Energy Ltd.

      8,087         111,843  

OZ Minerals Ltd.

      4,292         43,396  

Platinum Asset Management Ltd.(a)

      10,055         42,291  

QBE Insurance Group Ltd.

      18,928         277,852  

Ramsay Health Care Ltd.

      1,492         30,217  

Santos Ltd.

      4,457         65,749  

Sonic Healthcare Ltd.

      5,030         65,240  

Suncorp Group Ltd.

      15,066         131,104  

TABCORP Holdings Ltd.

      25,577         72,070  

Tatts Group Ltd.

      18,340         47,118  

Telstra Corp., Ltd.

      288,123         982,002  

Toll Holdings Ltd.

      10,226         62,185  

UGL Ltd.(a)

      2,370         32,409  

Wesfarmers Ltd.

      12,142         377,607  

Westpac Banking Corp.

      51,041         1,157,453  

Woodside Petroleum Ltd.

      4,848         174,826  
     

Woolworths Ltd.

      13,268       $ 357,095  

WorleyParsons Ltd.

      2,044         60,623  
     

 

 

  
Total Australia               8,843,135  
Austria – 0.2%      

Oesterreichische Post AG

      424         14,737  

OMV AG

      2,138         75,877  

Telekom Austria AG

      7,306         84,957  
     

 

 

  
Total Austria               175,571  
Belgium – 0.3%      

Ageas

      19,704         43,243  

Belgacom S.A.

      6,162         197,804  

Mobistar S.A.

      912         45,362  
     

 

 

  
Total Belgium               286,409  
Brazil – 3.0%      

AES Tiete S.A.

      3,100         42,244  

Banco do Brasil S.A.

      25,700         365,291  

Banco Santander Brasil S.A.

      34,700         319,553  

BM&F Bovespa S.A.

      15,900         97,528  

CCR S.A.

      13,600         110,109  

Cia de Bebidas das Americas

      13,400         462,753  

Cia de Saneamento Basico do Estado de Sao Paulo*

      1,000         38,102  

Cia de Saneamento de Minas Gerais-COPASA*

      800         18,848  

Cia Energetica de Minas Gerais

      4,200         86,012  

Cia Siderurgica Nacional S.A.

      16,800         158,027  

Cielo S.A.

      7,540         254,640  

CPFL Energia S.A.

      10,300         154,813  

EcoRodovias Infraestrutura e Logistica S.A.

      3,700         32,512  

EDP – Energias do Brasil S.A.

      1,200         27,206  

Light S.A.

      4,600         64,677  

Lojas Renner S.A.

      600         20,526  

Natura Cosmeticos S.A.

      3,500         75,687  

Redecard S.A.

      9,600         186,548  

Souza Cruz S.A.

      14,000         213,342  

Sul America S.A.

      2,800         25,954  
     

 

 

  
Total Brazil               2,754,372  
Canada – 4.7%      

ARC Resources Ltd.(a)

      2,695         61,749  

Bank of Montreal(a)

      4,367         259,106  

Bank of Nova Scotia(a)

      6,868         383,995  

Baytex Energy Corp.(a)

      932         48,295  

BCE, Inc.

      7,214         288,286  

Bell Aliant, Inc.

      1,100         30,046  

Bonavista Energy Corp.(a)

      2,051         41,453  

Canadian Imperial Bank of Commerce

      3,400         259,359  

Canadian Oil Sands Ltd.

      4,508         94,900  

CI Financial Corp.

      3,300         75,083  

Crescent Point Energy Corp.(a)

      3,300         141,780  

Emera, Inc.

      800         27,143  

Enerplus Corp.

      2,656         59,368  

First Capital Realty, Inc.(a)

      3,200         57,151  

Fortis, Inc.(a)

      1,100         35,517  

Great-West Lifeco, Inc.(a)

      7,732         189,848  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      45   

Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Husky Energy, Inc.(a)

      7,570       $ 192,232  

IGM Financial, Inc.

      2,600         120,836  

Just Energy Group, Inc.(a)

      2,141         29,562  

Labrador Iron Ore Royalty Corp.

      1,007         35,466  

Pembina Pipeline Corp.(a)

      1,512         42,632  

Pengrowth Energy Corp.(a)

      4,808         44,980  

Penn West Petroleum Ltd.(a)

      4,193         81,767  

PetroBakken Energy Ltd. Class A(a)

      2,141         35,582  

Power Corp. of Canada

      3,500         92,591  

Power Financial Corp.

      5,216         153,122  

Provident Energy Ltd.(a)

      3,565         42,946  

RioCan Real Estate Investment Trust(a)

      3,000         81,135  

Rogers Communications, Inc. Class B

      4,100         162,449  

Royal Bank of Canada(a)

      8,888         514,098  

Shaw Communications, Inc. Class B

      4,000         84,486  

Sun Life Financial, Inc.

      4,704         111,405  

TELUS Corp.

      800         46,329  

TransAlta Corp.(a)

      3,300         61,744  

TransCanada Corp.(a)

      4,862         208,354  

Veresen, Inc. (a)

      2,324         35,251  

Vermilion Energy, Inc.(a)

      854         39,314  
     

 

 

  
Total Canada               4,269,360  
Chile – 0.8%      

AES Gener S.A.

      85,579         52,519  

Aguas Andinas S.A. Class A

      69,202         41,395  

Banco de Chile

      867,648         137,110  

Banco Santander Chile

      1,503,505         124,864  

Corpbanca

      2,846,026         38,386  

Empresa Nacional de Electricidad S.A.

      51,668         93,091  

Enersis S.A.

      213,847         86,787  

ENTEL Chile S.A.

      3,221         65,154  

Quinenco S.A.

      18,058         56,891  
     

 

 

  
Total Chile               696,197  
China – 0.5%      

Bank of China Ltd. Class H

      573,000         231,001  

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

      38,400         45,750  

PetroChina Co., Ltd. Class H

      118,000         166,878  

Zhejiang Expressway Co., Ltd. Class H

      64,000         47,810  
     

 

 

  
Total China               491,439  
Czech Republic – 0.5%      

CEZ AS

      5,733         245,273  

Komercni Banka AS

      353         69,998  

Telefonica Czech Republic AS

      6,106         127,590  
     

 

 

  
Total Czech Republic               442,861  
Finland – 1.1%      

Elisa Oyj

      1,160         27,760  

Fortum Oyj

      7,624         184,782  

Metso Oyj(a)

      1,039         44,345  

Nokia Oyj

      61,482         334,216  

Pohjola Bank PLC Class A(a)

      3,207         35,469  

Sampo Oyj Class A

      6,101         176,062  

Sanoma Oyj(a)

      2,881         36,832  
     

Stora Enso Oyj Class R

      3,705       $ 27,482  

UPM-Kymmene Oyj(a)

      4,308         58,574  

Wartsila Oyj Abp

      2,098         79,012  
     

 

 

  
Total Finland               1,004,534  
France – 7.0%      

Accor S.A.

      1,697         60,497  

AXA S.A.

      18,308         303,053  

BNP Paribas S.A.

      8,599         407,380  

Bouygues S.A.

      3,801         116,067  

Carrefour S.A.

      4,654         111,404  

Casino Guichard Perrachon S.A.

      910         89,555  

CNP Assurances

      6,586         102,616  

EDF S.A.

      14,081         320,841  

Euler Hermes S.A.

      300         23,531  

France Telecom S.A.

      45,069         666,504  

GDF Suez

      24,753         638,504  

ICADE

      566         50,418  

Klepierre

      2,122         73,473  

Lafarge S.A.

      2,537         120,900  

Lagardere SCA

      1,538         47,374  

M6-Metropole Television S.A.

      2,355         42,495  

Natixis

      32,247         123,891  

Neopost S.A.

      571         36,667  

Sanofi

      11,035         855,708  

SCOR SE

      2,497         67,370  

Societe Generale S.A.

      6,148         179,834  

Societe Television Francaise 1

      2,334         28,536  

Suez Environnement Co.

      4,422         67,721  

Total S.A.

      24,708         1,258,235  

Veolia Environnement S.A.

      5,745         95,135  

Vinci S.A.

      4,161         216,661  

Vivendi S.A.

      17,008         311,658  
     

 

 

  
Total France               6,416,028  
Germany – 4.3%      

Allianz SE

      4,007         477,423  

Axel Springer AG

      660         33,285  

BASF SE

      5,746         501,891  

Bilfinger Berger SE

      361         33,859  

Daimler AG(a)

      7,176         432,039  

Deutsche Boerse AG

      1,418         95,324  

Deutsche Lufthansa AG

      3,071         42,921  

Deutsche Post AG

      11,712         225,141  

Deutsche Telekom AG

      51,895         623,843  

E.ON AG

      26,505         633,929  

Hannover Rueckversicherung AG

      1,494         88,615  

Muenchener Rueckversicherungs AG

      2,160         325,185  

RWE AG

      8,769         418,119  

SMA Solar Technology AG(a)

      271         12,263  
     

 

 

  
Total Germany               3,943,837  
Hong Kong – 2.8%      

BOC Hong Kong Holdings Ltd.

      84,500         233,452  

Cathay Pacific Airways Ltd.

      42,000         77,790  

 

See Notes to Financial Statements.

 

46   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

China Mobile Ltd.

      150,000       $ 1,650,889  

CLP Holdings Ltd.

      19,000         163,962  

Guangdong Investment Ltd.

      60,000         41,808  

Hang Seng Bank Ltd.

      16,000         212,674  

Hopewell Holdings Ltd.

      7,500         20,576  

Power Assets Holdings Ltd.

      17,500         128,477  

Shanghai Industrial Holdings Ltd.

      8,000         24,678  
     

 

 

  
Total Hong Kong               2,554,306  
Hungary – 0.1%      

Magyar Telekom Telecommunications PLC

      15,515         40,490  
Indonesia – 0.3%      

Astra Agro Lestari Tbk PT

      14,000         35,750  

Perusahaan Gas Negara Persero Tbk PT

      171,000         71,063  

Telekomunikasi Indonesia Persero Tbk PT

      136,000         104,112  

Vale Indonesia Tbk PT

      124,500         45,953  
     

 

 

  
Total Indonesia               256,878  
Ireland – 0.1%      

CRH PLC

      5,690         115,934  
Israel – 0.4%      

Bank Leumi Le-Israel BM

      14,586         45,945  

Bezeq The Israeli Telecommunication Corp., Ltd.

      54,634         89,731  

Cellcom Israel Ltd.

      2,303         29,179  

Delek Group Ltd.

      264         51,661  

Israel Chemicals Ltd.

      8,804         100,196  

Partner Communications Co., Ltd.

      3,747         28,911  
     

 

 

  
Total Israel               345,623  
Italy – 2.5%      

A2A SpA(a)

      46,394         37,162  

ACEA SpA

      2,602         16,522  

Atlantia SpA

      5,642         93,543  

Banca Carige SpA(a)

      18,226         23,883  

Banca Popolare di Sondrio SCRL

      4,289         31,414  

Enel SpA

      93,070         336,129  

ENI SpA

      44,579         1,044,245  

Intesa Sanpaolo SpA

      91,354         163,506  

Iren SpA

      40,724         34,844  

Mediaset SpA

      21,355         58,811  

Mediolanum SpA

      8,176         38,805  

Snam SpA

      34,467         165,514  

Telecom Italia SpA

      132,024         156,740  

Terna Rete Elettrica Nazionale SpA

      23,494         94,299  
     

 

 

  
Total Italy               2,295,417  
Japan – 4.4%      

Astellas Pharma, Inc.

      3,500         144,602  

Chubu Electric Power Co., Inc.

      7,200         130,710  

Chugoku Electric Power Co., Inc. (The)

      3,500         65,369  

Dai Nippon Printing Co., Ltd.

      4,000         41,120  

Daiichi Sankyo Co., Ltd.

      5,100         93,454  

Daito Trust Construction Co., Ltd.

      700         63,200  

Eisai Co., Ltd.

      3,000         119,934  

Hokuriku Electric Power Co.

      2,400         43,628  
     

Hoya Corp.

      3,400       $ 76,804  

Kansai Electric Power Co., Inc. (The)

      8,500         132,414  

Kyushu Electric Power Co., Inc.

      4,700         67,335  

Lawson, Inc.

      700         44,316  

Mitsubishi UFJ Financial Group, Inc.

      79,200         396,505  

Mitsui & Co., Ltd.

      11,600         191,278  

Mizuho Financial Group, Inc.(a)

      183,100         300,365  

Nintendo Co., Ltd.

      900         136,157  

Nippon Express Co., Ltd.

      6,000         23,549  

Nippon Telegraph & Telephone Corp.

      8,000         365,028  

Nippon Yusen K.K.

      10,000         31,594  

NKSJ Holdings, Inc.

      3,372         75,803  

NTT DoCoMo, Inc.

      267         445,784  

Oracle Corp.

      1,000         38,216  

Resona Holdings, Inc.

      16,600         76,853  

Ricoh Co., Ltd.

      5,000         48,909  

Sankyo Co., Ltd.

      500         24,667  

Shikoku Electric Power Co., Inc.

      1,400         39,689  

Shiseido Co., Ltd.

      2,900         50,321  

Sumitomo Mitsui Financial Group, Inc.

      10,300         340,809  

Takeda Pharmaceutical Co., Ltd.

      7,000         310,043  

TonenGeneral Sekiyu K.K.

      4,000         37,038  

Toppan Printing Co., Ltd.

      5,000         39,249  
     

 

 

  
Total Japan               3,994,743  
Malaysia – 1.3%      

British American Tobacco Malaysia Bhd

      3,900         72,080  

DiGi.Com Bhd

      82,200         108,938  

IOI Corp. Bhd

      41,800         72,862  

Malayan Banking Bhd

      101,400         293,592  

Maxis Bhd

      78,600         156,251  

MISC Bhd

      43,100         75,690  

Petronas Gas Bhd

      20,800         114,337  

Public Bank Bhd

      33,732         150,189  

Telekom Malaysia Bhd

      48,000         83,356  

UMW Holdings Bhd

      14,300         34,075  

YTL Power International Bhd

      74,900         45,231  
     

 

 

  
Total Malaysia               1,206,601  
Mexico – 0.2%      

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

      3,310         160,303  

Kimberly-Clark de Mexico S.A.B de C.V. Class A

      24,200         53,668  
     

 

 

  
Total Mexico               213,971  
Netherlands – 1.1%      

Delta Lloyd N.V.

      1,107         19,430  

Koninklijke Boskalis Westminster N.V.

      668         25,055  

Koninklijke KPN N.V.

      20,782         228,267  

Koninklijke Philips Electronics N.V.

      6,992         141,531  

PostNL N.V.

      6,312         38,918  

Randstad Holding N.V.

      1,107         41,705  

Reed Elsevier N.V.

      5,774         73,632  

Unilever N.V. CVA

      11,550         392,450  

Wolters Kluwer N.V.

      2,231         42,188  
     

 

 

  
Total Netherlands               1,003,176  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      47   

Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
New Zealand – 0.1%      

Auckland International Airport Ltd.

      17,052       $ 34,375  

Fletcher Building Ltd.

      3,514         19,408  

Telecom Corp. of New Zealand Ltd.

      38,325         76,158  
     

 

 

  
Total New Zealand               129,941  
Norway – 1.6%      

Aker ASA Class A

      1,061         34,691  

DNB ASA

      17,355         222,716  

Fred Olsen Energy ASA

      1,369         53,593  

Gjensidige Forsikring ASA

      5,339         62,946  

Marine Harvest ASA

      142,984         73,697  

Orkla ASA

      12,436         98,240  

Statoil ASA

      25,660         695,477  

Telenor ASA

      12,658         234,340  
     

 

 

  
Total Norway               1,475,700  
Philippines – 0.3%      

Aboitiz Equity Ventures, Inc.

      39,900         46,558  

Aboitiz Power Corp.

      54,700         43,189  

Globe Telecom, Inc.

      2,660         70,256  

Philippine Long Distance Telephone Co.

      2,200         138,349  
     

 

 

  
Total Philippines               298,352  
Poland – 0.3%      

Bank Handlowy w Warszawie S.A.

      819         20,115  

Bank Pekao S.A.

      1,796         89,259  

Powszechna Kasa Oszczednosci Bank Polski S.A.

      9,751         105,051  

Telekomunikacja Polska S.A.

      15,215         83,373  
     

 

 

  
Total Poland               297,798  
Portugal – 0.4%      

Banco Espirito Santo S.A.

      12,478         22,765  

Brisa Auto-Estradas de Portugal S.A.

      9,930         35,307  

Cimpor Cimentos de Portugal, SGPS, S.A.

      8,466         56,371  

EDP-Energias de Portugal S.A.

      46,288         134,441  

Portugal Telecom, SGPS, S.A.

      14,174         76,993  
     

 

 

  
Total Portugal               325,877  
Russia – 0.7%      

Gazprom Neft JSC ADR

      5,536         147,756  

Lukoil OAO ADR

      4,933         296,967  

Mobile Telesystems OJSC ADR*

      9,500         174,230  
     

 

 

  
Total Russia               618,953  
Singapore – 1.2%      

Keppel Corp., Ltd.

      8,800         76,917  

Keppel Land Ltd.

      13,000         35,877  

SembCorp Industries Ltd.

      9,000         37,794  

SembCorp Marine Ltd.(a)

      29,000         121,780  

SIA Engineering Co., Ltd.

      8,000         25,641  

Singapore Exchange Ltd.

      7,000         38,637  

Singapore Press Holdings Ltd.

      33,000         102,883  

Singapore Technologies Engineering Ltd.

      37,000         95,638  

Singapore Telecommunications Ltd.

      129,000         323,180  

StarHub Ltd.

      36,000         88,758  

United Overseas Bank Ltd.

      7,000         102,159  
     

 

 

  
Total Singapore               1,049,264  
     
South Africa – 1.7%      

ABSA Group Ltd.

      4,489       $ 91,248  

African Bank Investments Ltd.

      12,268         63,717  

Aveng Ltd.

      5,950         30,306  

FirstRand Ltd.

      40,780         125,934  

Foschini Group Ltd. (The)

      2,232         35,970  

Imperial Holdings Ltd.

      1,886         38,091  

Kumba Iron Ore Ltd.(a)

      4,172         285,969  

MMI Holdings Ltd.

      13,491         31,132  

MTN Group Ltd.

      11,207         197,167  

Nedbank Group Ltd.

      3,144         67,185  

Pick’n Pay Stores Ltd.

      4,649         26,351  

Pretoria Portland Cement Co., Ltd.

      9,634         41,175  

RMB Holdings Ltd.

      11,705         47,692  

Sanlam Ltd.

      21,207         91,686  

Standard Bank Group Ltd.

      11,341         164,561  

Vodacom Group Ltd.

      9,998         140,892  

Woolworths Holdings Ltd.

      7,356         46,151  
     

 

 

  
Total South Africa               1,525,227  
South Korea – 0.4%      

Kangwon Land, Inc.

      1,730         38,400  

Korea Exchange Bank

      14,560         111,283  

KT&G Corp.

      1,668         118,359  

LG Uplus Corp.

      12,370         74,239  

SK Telecom Co., Ltd.

      510         62,791  
     

 

 

  
Total South Korea               405,072  
Spain – 4.5%      

Acciona S.A.

      604         42,116  

Acerinox S.A.

      1,709         21,933  

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

      4,371         111,702  

Banco Bilbao Vizcaya Argentaria S.A.(a)

      39,875         316,857  

Banco de Sabadell S.A.

      14,944         40,638  

Banco Espanol de Credito S.A.(a)

      11,464         54,868  

Banco Santander S.A.

      120,396         925,112  

Bankinter S.A.(a)

      5,797         30,362  

Bolsas y Mercados Espanoles S.A.

      870         22,268  

CaixaBank(a)

      40,230         156,383  

Enagas S.A.

      2,627         50,482  

Endesa S.A.

      7,519         149,595  

Ferrovial S.A.

      6,008         68,951  

Fomento de Construcciones y Contratas S.A.

      2,386         53,222  

Gas Natural SDG S.A.

      10,562         168,504  

Iberdrola S.A.

      54,197         307,245  

Indra Sistemas S.A.(a)

      2,108         25,793  

Mapfre S.A.(a)

      25,581         82,236  

Mediaset Espana Comunicacion S.A.

      4,359         24,961  

Red Electrica Corp. S.A.

      1,147         56,042  

Repsol YPF S.A.

      9,645         241,600  

Telefonica S.A.

      68,108         1,114,242  

Zardoya Otis S.A.

      4,839         62,572  
     

 

 

  
Total Spain               4,127,684  

 

See Notes to Financial Statements.

 

48   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Sweden – 1.9%      

Boliden AB

      2,455       $ 38,442  

Castellum AB

      2,050         25,751  

Electrolux AB Series B(a)

      2,458         51,825  

Hakon Invest AB

      2,110         36,474  

Hennes & Mauritz AB Class B

      12,573         453,627  

Nordea Bank AB(a)

      27,348         247,912  

Peab AB

      4,507         22,958  

Ratos AB Class B(a)

      3,229         44,697  

Scania AB Class B

      2,632         54,581  

Securitas AB Class B

      3,867         37,182  

Skanska AB Class B

      4,646         80,312  

Svenska Cellulosa AB Class B(a)

      5,163         89,171  

Svenska Handelsbanken AB Class A(a)

      5,615         178,469  

Tele2 AB Class B

      3,592         73,081  

TeliaSonera AB

      43,556         302,874  
     

 

 

  
Total Sweden               1,737,356  
Switzerland – 5.2%      

Baloise Holding AG

      606         48,743  

BKW S.A.*

      450         16,131  

Credit Suisse Group AG*

      8,840         251,649  

Nestle S.A.

      20,918         1,314,535  

Novartis AG

      19,866         1,098,086  

Roche Holding AG – Genusschein

      5,637         979,778  

SGS S.A.

      47         91,312  

Swiss Re AG*

      3,361         214,374  

Swisscom AG(a)

      529         213,567  

Zurich Financial Services AG*

      1,886         506,216  
     

 

 

  
Total Switzerland               4,734,391  
Taiwan – 2.4%      

Acer, Inc.

      34,000         45,100  

Asia Cement Corp.

      31,082         37,859  

Asustek Computer, Inc.

      6,161         58,135  

China Development Financial Holding Corp.

      80,631         24,587  

Chunghwa Telecom Co., Ltd.

      73,800         227,292  

Compal Electronics, Inc.

      53,335         59,995  

Delta Electronics, Inc.

      13,000         38,100  

Far EasTone Telecommunications Co., Ltd.

      44,000         90,193  

Formosa Chemicals & Fibre Corp.

      41,000         119,745  

Formosa Petrochemical Corp.

      59,000         183,910  

Formosa Plastics Corp.

      40,000         117,773  

Fubon Financial Holding Co., Ltd.

      59,447         66,971  

Lite-On Technology Corp.

      32,120         38,852  

Macronix International

      57,000         21,244  

MediaTek, Inc.

      15,000         143,574  

Mega Financial Holding Co., Ltd.

      69,040         48,772  

Quanta Computer, Inc.

      42,000         110,000  

Siliconware Precision Industries Co.

      42,000         50,945  

Taiwan Cement Corp.

      28,000         32,777  

Taiwan Mobile Co., Ltd.

      36,800         112,091  

Taiwan Semiconductor Manufacturing Co., Ltd.

      180,000         517,779  

United Microelectronics Corp.

      87,000         42,594  

Wistron Corp.

      24,799         37,390  
     

 

 

  
Total Taiwan               2,225,678  
     
Thailand – 0.6%      

Advanced Info Service PCL

      43,800       $ 261,238  

Charoen Pokphand Foods PCL

      66,200         79,934  

Land and Houses PCL NVDR

      174,486         39,026  

Siam Cement PCL NVDR

      8,595         98,905  

Total Access Communication PCL NVDR

      28,300         75,222  
     

 

 

  
Total Thailand               554,325  
Turkey – 0.5%      

Arcelik A.S.*

      5,108         22,805  

Eregli Demir ve Celik Fabrikalari TAS

      26,645         52,456  

Ford Otomotiv Sanayi A.S.

      7,193         67,778  

Tofas Turk Otomobil Fabrikasi A.S.

      6,522         27,875  

Tupras Turkiye Petrol Rafinerileri A.S.

      3,406         86,922  

Turk Telekomunikasyon A.S.

      50,313         218,421  
     

 

 

  
Total Turkey               476,257  
United Kingdom – 12.6%      

Aberdeen Asset Management PLC

      9,022         37,046  

Admiral Group PLC

      2,743         52,022  

Amlin PLC

      6,583         34,688  

Antofagasta PLC

      10,791         198,620  

Ashmore Group PLC

      8,261         48,506  

AstraZeneca PLC

      13,986         620,999  

Aviva PLC

      36,682         194,288  

BAE Systems PLC

      36,629         175,513  

Balfour Beatty PLC

      7,087         32,328  

British American Tobacco PLC

      16,911         851,251  

British Land Co. PLC

      10,597         81,254  

BT Group PLC

      49,151         177,794  

Bunzl PLC

      2,981         47,819  

Cable & Wireless Worldwide PLC

      47,967         26,057  

Centrica PLC

      45,697         231,011  

Compass Group PLC

      9,750         102,114  

Diageo PLC

      15,953         382,971  

Drax Group PLC

      3,820         33,233  

Firstgroup PLC

      6,982         26,517  

GlaxoSmithKline PLC

      52,848         1,179,175  

Hays PLC

      24,644         33,213  

Home Retail Group PLC

      15,029         27,374  

HSBC Holdings PLC

      122,514         1,086,003  

ICAP PLC

      6,905         43,336  

Imperial Tobacco Group PLC

      8,555         346,503  

Inmarsat PLC

      2,936         21,593  

Investec PLC

      6,516         39,801  

J. Sainsbury PLC

      17,384         86,464  

Legal & General Group PLC

      56,004         116,951  

Man Group PLC

      37,407         80,566  

Marks & Spencer Group PLC

      13,101         79,333  

National Grid PLC

      37,018         372,913  

Next PLC

      1,446         68,918  

Old Mutual PLC

      27,434         69,519  

Pearson PLC

      6,456         120,171  

Prudential PLC

      17,429         208,158  

Reckitt Benckiser Group PLC

      4,417         249,333  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      49   

Table of Contents

Schedule of Investments (continued)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Reed Elsevier PLC

      10,598       $ 93,978  

Rexam PLC

      8,458         57,852  

Royal Dutch Shell PLC Class A

      284         9,908  

Royal Dutch Shell PLC Class B

      25,856         908,645  

RSA Insurance Group PLC(a)

      49,734         83,118  

Segro PLC

      7,830         29,374  

Severn Trent PLC

      2,985         73,638  

SSE PLC

      10,232         217,267  

Standard Life PLC

      32,200         118,175  

Tate & Lyle PLC

      4,540         51,139  

TESCO PLC

      53,672         282,990  

TUI Travel PLC

      11,482         36,012  

Unilever PLC

      8,884         292,973  

United Utilities Group PLC

      9,314         89,512  

Vodafone Group PLC

      549,848         1,512,811  

WM Morrison Supermarkets PLC

      19,971         95,088  
     

 

 

  
Total United Kingdom               11,535,835  
United States – 19.3%      

Abbott Laboratories

      9,186         563,010  

Alliant Energy Corp.

      1,204         52,157  

Altria Group, Inc.

      20,926         645,986  

Ameren Corp.

      2,452         79,886  

American Eagle Outfitters, Inc.

      1,775         30,512  

American Electric Power Co., Inc.

      4,288         165,431  

Apollo Investment Corp.

      3,789         27,167  

Ares Capital Corp.

      2,760         45,126  

Arthur J. Gallagher & Co.

      1,453         51,930  

AT&T, Inc.

      57,779         1,804,438  

Bristol-Myers Squibb Co.

      14,758         498,083  

Campbell Soup Co.

      1,392         47,119  

Capitol Federal Financial, Inc.

      2,717         32,224  

CBL & Associates Properties, Inc.

      2,180         41,246  

CenterPoint Energy, Inc.

      2,098         41,373  

CenturyLink, Inc.

      4,320         166,968  

Cincinnati Financial Corp.

      1,984         68,468  

ConAgra Foods, Inc.

      2,044         53,675  

ConocoPhillips

      8,950         680,289  

Consolidated Edison, Inc.

      2,812         164,277  

Diamond Offshore Drilling, Inc.(a)

      1,488         99,324  

Digital Realty Trust, Inc.(a)

      493         36,467  

Dominion Resources, Inc.

      4,582         234,644  

DTE Energy Co.

      1,450         79,793  

Duke Energy Corp.

      13,478         283,173  

Duke Realty Corp.

      2,667         38,245  

Edison International

      2,284         97,093  

Eli Lilly & Co.

      11,284         454,407  

Entergy Corp.

      1,472         98,918  

Exelon Corp.

      6,067         237,887  

Fidelity National Financial, Inc. Class A

      2,191         39,504  

First Niagara Financial Group, Inc.

      7,238         71,222  

FirstEnergy Corp.

      3,328         151,724  

Frontier Communications Corp.(a)

      15,667         65,331  

H&R Block, Inc.

      2,578         42,460  
     

H.J. Heinz Co.

      2,379       $ 127,395  

HCP, Inc.

      3,020         119,169  

Health Care REIT, Inc.

      1,604         88,156  

Hospitality Properties Trust

      1,916         50,717  

Hudson City Bancorp, Inc.

      5,148         37,632  

Integrys Energy Group, Inc.

      926         49,069  

Johnson & Johnson

      15,171         1,000,679  

Kimberly-Clark Corp.

      2,978         220,044  

Kimco Realty Corp.

      2,628         50,615  

Kraft Foods, Inc. Class A

      10,953         416,324  

Leggett & Platt, Inc.

      1,044         24,022  

Liberty Property Trust

      1,490         53,223  

Lockheed Martin Corp.

      2,129         191,312  

Lorillard, Inc.

      1,056         136,731  

Macerich Co. (The)

      1,100         63,525  

Mack-Cali Realty Corp.

      1,100         31,702  

Mattel, Inc.

      2,812         94,652  

Merck & Co., Inc.

      22,436         861,542  

Mercury General Corp.

      920         40,241  

Microchip Technology, Inc.

      1,546         57,511  

New York Community Bancorp, Inc.(a)

      4,581         63,722  

NextEra Energy, Inc.

      2,760         168,581  

NiSource, Inc.

      3,507         85,395  

NSTAR

      1,044         50,770  

Nucor Corp.

      1,852         79,543  

NYSE Euronext

      2,202         66,082  

Old Republic International Corp.

      2,880         30,384  

Omega Healthcare Investors’ Inc.

      1,802         38,311  

Paychex, Inc.

      3,353         103,909  

People’s United Financial, Inc.

      3,700         48,988  

Pepco Holdings, Inc.

      3,034         57,312  

Pfizer, Inc.

      52,729         1,194,839  

PG&E Corp.

      2,831         122,894  

Philip Morris International, Inc.

      11,571         1,025,306  

Pinnacle West Capital Corp.

      1,267         60,689  

Pitney Bowes, Inc.(a)

      2,448         43,036  

Plum Creek Timber Co., Inc.

      1,490         61,924  

PPL Corp.

      3,678         103,940  

Progress Energy, Inc.

      3,289         174,679  

Public Service Enterprise Group, Inc.

      3,678         112,584  

R.R. Donnelley & Sons Co.(a)

      2,636         32,660  

Realty Income Corp.

      1,472         57,011  

Regal Entertainment Group Class A(a)

      2,464         33,510  

Regency Centers Corp.

      968         43,057  

Reynolds American, Inc.

      5,832         241,678  

SCANA Corp.(a)

      1,338         61,026  

Senior Housing Properties Trust

      1,875         41,344  

Southern Co. (The)

      6,883         309,253  

Southern Copper Corp.

      9,228         292,620  

Spectra Energy Corp.

      5,135         162,009  

Sysco Corp.

      2,946         87,968  

TECO Energy, Inc.

      2,374         41,664  

Ventas, Inc.

      2,181         124,535  

Verizon Communications, Inc.

      27,070         1,034,886  

 

See Notes to Financial Statements.

 

50   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Equity Income Fund (DEW)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Waste Management, Inc.

      3,308       $ 115,648  

Windstream Corp.

      7,482         87,614  

Xcel Energy, Inc.

      4,159         110,089  
     

 

 

  
Total United States               17,573,278  
TOTAL COMMON STOCKS
(Cost: $88,907,663)		               90,605,789  
EXCHANGE-TRADED FUNDS – 0.3%      
United States – 0.3%      

WisdomTree DEFA Equity Income Fund(a)(c)

      4,588         178,611  

WisdomTree Equity Income Fund(a)(c)

      1,328         59,494  
     

 

 

  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $231,536)		               238,105  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 6.1%      
MONEY MARKET FUND – 6.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)

      
(Cost: $5,541,194)(e)      5,541,194         5,541,194  
TOTAL INVESTMENTS IN SECURITIES – 105.6%
(Cost: $94,680,393)		         96,385,088  

Liabilities in Excess of Foreign Currency and Other Assets – (5.6)%

         (5,081,059 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 91,304,029  

ADR – American Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $5,250,315 and the total market value of the collateral held by the Fund was $5,541,194.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      51   

Table of Contents

Schedule of Investments

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
Austria – 1.4%      

Austriamicrosystems AG

      632       $ 44,961  

CAT Oil AG

      7,598         63,239  

RHI AG

      3,229         81,572  

Schoeller-Bleckmann Oilfield Equipment AG

      1,139         104,705  

Semperit AG Holding

      2,247         96,173  

Zumtobel AG

      1,388         19,575  
     

 

 

  
Total Austria               410,225  
Belgium – 4.0%      

Arseus N.V.

      3,801         62,108  

Barco N.V.

      795         57,360  

Cie Maritime Belge S.A.

      7,841         186,178  

Cofinimmo

      3,098         380,381  

EVS Broadcast Equipment S.A.

      2,429         125,765  

Exmar N.V.

      12,318         106,133  

Ion Beam Applications

      1,546         12,991  

Melexis N.V.

      3,146         55,302  

Recticel S.A.

      3,903         31,654  

Tessenderlo Chemie N.V.

      3,843         128,097  
     

 

 

  
Total Belgium               1,145,969  
Denmark – 1.3%      

D/S Norden

      6,566         195,104  

East Asiatic Co., Ltd. A/S(a)

      1,858         54,211  

NKT Holding A/S(a)

      590         26,825  

Royal UNIBREW A/S

      1,393         96,747  
     

 

 

  
Total Denmark               372,887  
Finland – 5.9%      

Aktia Oyj Class A*

      6,316         46,681  

Alma Media Oyj(a)

      24,197         172,071  

Citycon Oyj

      11,842         39,583  

F-Secure Oyj*

      11,304         30,107  

HKScan Oyj Class A

      6,809         48,421  

Huhtamaki Oyj

      16,109         233,831  

Lassila & Tikanoja Oyj*

      4,785         70,285  

Oriola-KD Oyj Class B

      6,252         15,569  

Orion Oyj Class A

      10,045         198,380  

PKC Group Oyj*

      2,134         48,851  

Poyry Oyj

      1,138         9,093  

Raisio PLC Class V(a)

      18,557         60,792  

Ramirent Oyj(a)

      9,099         79,367  

Stockmann Oyj Abp Class B(a)

      5,476         117,845  

Tieto Oyj(a)

      14,618         274,287  

Tikkurila Oyj(a)

      6,198         117,288  

Uponor Oyj(a)

      11,773         135,459  
     

 

 

  
Total Finland               1,697,910  
France – 3.9%      

Alten Ltd.

      3,566         113,402  

April

      4,366         80,759  

Assystem

      1,072         24,069  

Beneteau S.A.

      2,638         31,969  

Groupe Steria SCA

      973         22,105  
     

IPSOS

      2,061       $ 73,790  

LaCie S.A.

      10,994         50,218  

Mersen

      1,367         48,378  

NRJ Group

      9,312         81,721  

Plastic Omnium S.A.

      3,645         105,454  

Rubis

      2,694         157,298  

Saft Groupe S.A.

      2,499         80,868  

Sechilienne-Sidec

      3,648         62,329  

Societe d’Edition de Canal +

      23,720         150,043  

Sword Group

      1,268         23,134  
     

 

 

  
Total France               1,105,537  
Germany – 7.7%      

Asian Bamboo AG

      579         8,952  

Bauer AG

      1,118         34,303  

BayWa AG

      1,667         63,291  

Bechtle AG

      1,388         61,737  

Bertrandt AG

      664         49,960  

Carl Zeiss Meditec AG

      8,709         211,079  

Comdirect Bank AG(a)

      23,383         270,070  

CropEnergies AG

      3,929         26,454  

Delticom AG

      1,291         137,366  

Demag Cranes AG(a)

      928         63,027  

Deutsche Wohnen AG

      5,432         80,150  

Drillisch AG

      10,347         124,012  

Duerr AG

      718         45,637  

Freenet AG(a)

      9,180         148,289  

Gerresheimer AG

      1,356         59,230  

Gerry Weber International AG

      3,553         136,126  

H&R AG

      3,243         64,802  

Indus Holding AG

      1,506         46,428  

Kontron AG

      4,664         38,869  

Leoni AG

      1,697         88,136  

MLP AG

      15,160         134,456  

Pfeiffer Vacuum Technology AG

      1,273         144,012  

Praktiker AG(a)

      2,828         6,922  

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie

      583         13,078  

Solarworld AG(a)

      6,735         21,230  

VTG AG

      1,431         27,918  

Wacker Neuson SE

      2,984         53,070  

Wirecard AG

      2,512         47,753  
     

 

 

  
Total Germany               2,206,357  
Ireland – 2.1%      

C&C Group PLC

      21,558         110,816  

FBD Holdings PLC

      5,928         71,838  

Grafton Group PLC

      16,763         69,649  

Greencore Group PLC

      57,134         69,605  

IFG Group PLC

      12,250         23,817  

Kingspan Group PLC(a)

      7,898         82,039  

Origin Enterprises PLC

      8,990         44,895  

Total Produce PLC

      54,967         32,940  

United Drug PLC

      31,118         87,852  
     

 

 

  
Total Ireland               593,451  

 

See Notes to Financial Statements.

 

52   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Italy – 10.0%      

Alerion Cleanpower SpA

      2,721       $ 14,639  

Amplifon SpA

      4,682         24,130  

Ansaldo STS SpA

      11,780         116,715  

Astaldi SpA

      9,626         76,593  

Autostrada Torino-Milano SpA

      8,856         60,796  

Azimut Holding SpA

      19,038         206,499  

Banca Generali SpA

      20,464         274,154  

Banca Piccolo Credito Valtellinese SCRL(a)

      31,272         73,420  

Banca Popolare di Milano SCRL

      250,331         139,080  

Banco di Desio e della Brianza SpA

      12,245         47,974  

BasicNet SpA

      12,581         36,357  

Brembo SpA

      6,941         79,400  

Cairo Communications SpA

      19,457         91,258  

Cementir Holding SpA

      12,382         28,361  

Cofide SpA

      27,057         18,610  

Credito Artigiano SpA

      57,161         90,965  

Danieli & C Officine Meccaniche SpA

      2,179         59,603  

Danieli & C Officine Meccaniche SpA RSP

      5,001         74,191  

Esprinet SpA

      6,368         33,022  

Exor SpA RSP

      1,350         26,518  

Falck Renewables SpA

      6,821         9,274  

Fiat SpA RSP

      14,369         78,684  

Geox SpA(a)

      35,346         115,322  

Gruppo Editoriale L’Espresso SpA(a)

      45,228         63,844  

Immobiliare Grande Distribuzione

      50,593         61,479  

IMMSI SpA

      39,780         31,626  

Indesit Co. SpA

      15,569         96,907  

Interpump Group SpA

      5,923         50,442  

Italcementi SpA(a)

      9,946         69,007  

Italcementi SpA RSP

      12,104         39,330  

KME Group SpA

      65,698         27,822  

Landi Renzo SpA

      9,829         26,807  

Maire Tecnimont SpA(a)

      39,987         33,814  

MARR SpA

      12,658         142,607  

Piaggio & C. SpA

      28,968         85,023  

Piquadro SpA

      2,706         5,816  

Servizi Italia SpA

      1,491         6,870  

Societa Cattolica di Assicurazioni SCRL

      9,561         193,150  

Sogefi SpA

      19,296         55,248  

Trevi Finanziaria Industriale SpA

      2,576         15,238  

Zignago Vetro SpA

      12,386         84,039  
     

 

 

  
Total Italy               2,864,634  
Netherlands – 3.7%      

Arcadis N.V.

      5,982         124,831  

BE Semiconductor Industries N.V.

      3,287         24,946  

Beter Bed Holding N.V.

      4,194         94,389  

BinckBank N.V.

      12,387         134,242  

Brunel International N.V.

      1,582         69,607  

Exact Holding N.V.(a)

      6,650         156,748  

Heijmans N.V. CVA

      688         7,972  

Koninklijke BAM Groep N.V.

      5,088         23,905  

Koninklijke Ten Cate N.V.

      1,641         56,928  
     

Koninklijke Wessanen N.V.

      2,388       $ 8,329  

Mediq N.V.

      5,985         93,969  

Sligro Food Group N.V.

      3,149         102,154  

TKH Group N.V.

      3,518         95,408  

Unit 4 N.V.

      646         18,711  

USG People N.V.

      4,814         48,273  
     

 

 

  
Total Netherlands               1,060,412  
Norway – 4.4%      

ABG Sundal Collier Holding ASA

      195,168         169,025  

Atea ASA

      11,072         133,449  

Austevoll Seafood ASA

      27,082         103,503  

Leroey Seafood Group ASA

      11,632         191,690  

Nordic Semiconductor ASA

      9,870         34,780  

Sparebank 1 Nord Norge

      9,111         50,634  

SpareBank 1 SMN(a)

      22,752         145,988  

SpareBank 1 SR Bank ASA(a)

      23,260         167,190  

Tomra Systems ASA

      6,015         49,035  

Veidekke ASA

      24,697         209,559  
     

 

 

  
Total Norway               1,254,853  
Portugal – 2.1%      

Mota-Engil, SGPS, S.A.

      53,357         86,474  

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

      64,812         195,924  

Semapa-Sociedade de Investimento e Gestao, SGPS, S.A.

      14,026         103,236  

Sonaecom – SGPS S.A.

      42,247         68,356  

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

      47,974         162,912  
     

 

 

  
Total Portugal               616,902  
Spain – 3.4%      

Antena 3 de Television S.A.(a)

      57,070         340,481  

Caja de Ahorros del Mediterraneo(a)

      7,768         13,862  

Campofrio Food Group S.A.

      3,448         29,479  

Duro Felguera S.A.

      29,897         193,893  

Faes Farma S.A.

      22,580         46,608  

Fluidra S.A.

      6,551         21,984  

Grupo Empresarial Ence S.A.(a)

      33,975         84,381  

Laboratorios Farmaceuticos Rovi S.A.

      4,575         30,767  

Papeles y Cartones de Europa S.A.

      7,137         25,852  

Pescanova S.A.

      1,347         42,603  

Viscofan S.A.

      3,019         134,884  
     

 

 

  
Total Spain               964,794  
Sweden – 14.1%      

AarhusKarlshamn AB(a)

      2,886         90,903  

Acando AB

      8,426         19,810  

AF AB Class B

      2,937         60,751  

Atrium Ljungberg AB Class B

      11,449         135,793  

Axis Communications AB

      8,245         222,423  

Bilia AB Class A

      8,704         171,513  

Billerud AB

      17,370         160,340  

Byggmax Group AB

      7,444         47,679  

Clas Ohlson AB Class B

      8,712         137,533  

Duni AB

      8,997         82,372  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      53   

Table of Contents

Schedule of Investments (continued)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Fabege AB(a)

      27,592       $ 237,233  

Gunnebo AB

      2,623         13,282  

Hexpol AB

      1,595         54,085  

Hoganas AB Class B

      4,757         173,136  

Husqvarna AB Class A(a)

      14,767         88,175  

Industrial & Financial Systems Class B

      1,716         26,831  

Indutrade AB

      3,275         101,428  

Intrum Justitia AB

      11,023         182,738  

Investment AB Oresund*

      9,276         148,884  

KNOW IT AB

      1,972         19,912  

Kungsleden AB

      17,399         120,620  

Lindab International AB

      6,015         47,864  

Loomis AB Class B

      8,149         116,057  

Mekonomen AB

      3,428         109,783  

MQ Holding AB

      5,648         21,620  

NCC AB Class B

      17,930         376,956  

New Wave Group AB Class B

      6,257         32,250  

Nibe Industrier AB Class B

      5,490         87,496  

Nolato AB Class B

      7,353         77,848  

Nordnet AB Class B

      16,122         57,098  

Proffice AB Class B

      3,846         14,838  

Skandinaviska Enskilda Banken AB Class C

      8,861         61,977  

SkiStar AB

      5,997         72,982  

SSAB AB Class B(a)

      9,299         75,888  

Svenska Cellulosa AB Class A(a)

      12,785         220,426  

Svenska Handelsbanken AB Class B

      2,489         76,973  

Sweco AB Class B

      11,522         124,591  

Systemair AB

      1,980         25,290  

Wihlborgs Fastigheter AB

      10,451         147,267  
     

 

 

  
Total Sweden               4,042,645  
Switzerland – 0.8%      

Ascom Holding AG

      1,834         17,592  

Highlight Communications AG*(a)

      5,065         26,238  

Kudelski S.A.

      4,275         30,555  

Mobilezone Holding AG

      7,124         80,789  

Swisslog Holding AG*

      24,518         23,600  

Tecan Group AG*

      523         38,479  
     

 

 

  
Total Switzerland               217,253  
United Kingdom – 34.7%      

A.G. BARR PLC

      2,169         40,928  

Abcam PLC

      5,747         32,046  

Anite PLC

      9,599         19,900  

Ashtead Group PLC

      29,349         121,170  

Aveva Group PLC

      2,233         59,118  

BBA Aviation PLC

      61,960         211,853  

Bellway PLC

      5,746         75,098  

Berendsen PLC

      25,167         209,899  

Bloomsbury Publishing PLC

      11,250         19,592  

Bodycote PLC

      16,826         103,825  

Booker Group PLC

      130,537         175,821  

Bovis Homes Group PLC

      2,921         22,486  

Brammer PLC

      5,806         31,540  

Brewin Dolphin Holdings PLC

      40,751         115,245  
     

Britvic PLC

      35,712       $ 219,505  

Chesnara PLC

      30,012         89,670  

Chime Communications PLC

      4,787         16,827  

Cineworld Group PLC

      26,673         92,585  

Close Brothers Group PLC

      27,486         344,739  

Computacenter PLC

      16,403         115,577  

Consort Medical PLC

      4,530         45,453  

Costain Group PLC

      10,090         35,467  

Cranswick PLC

      5,634         72,464  

CSR PLC

      7,987         29,338  

Dairy Crest Group PLC

      23,817         126,757  

De La Rue PLC

      20,253         291,233  

Debenhams PLC

      68,793         88,811  

Dechra Pharmaceuticals PLC

      4,699         36,713  

Development Securities PLC

      10,578         26,957  

Devro PLC

      14,983         73,182  

Dignity PLC

      4,552         59,056  

Diploma PLC

      9,525         68,484  

Domino Printing Sciences PLC

      8,702         77,582  

Domino’s Pizza UK & IRL PLC

      15,120         104,266  

DS Smith PLC

      48,980         140,160  

Dunelm Group PLC

      13,163         109,152  

E2V Technologies PLC

      4,570         8,926  

Elementis PLC

      29,329         86,504  

EMIS Group PLC

      4,677         40,726  

Euromoney Institutional Investor PLC

      10,731         130,305  

F&C Asset Management PLC

      82,093         87,749  

Fenner PLC

      12,298         85,179  

Fiberweb PLC

      40,563         39,696  

Fidessa Group PLC

      5,407         142,976  

Filtrona PLC

      17,499         132,805  

Galliford Try PLC

      7,759         77,481  

Game Group PLC†

      199,381         —   

Genus PLC

      2,493         50,786  

Go-Ahead Group PLC

      6,040         120,244  

Greene King PLC

      31,898         261,451  

Greggs PLC

      12,498         103,937  

Halfords Group PLC

      40,815         202,549  

Hargreaves Services PLC

      2,286         43,756  

Hill & Smith Holdings PLC

      9,963         53,327  

Hilton Food Group Ltd.

      2,633         12,053  

Hunting PLC

      9,259         140,169  

Interserve PLC

      25,296         117,734  

ITE Group PLC

      22,258         78,949  

JD Sports Fashion PLC

      4,144         52,671  

JD Wetherspoon PLC

      3,586         23,571  

John Menzies PLC

      7,732         74,123  

Kcom Group PLC

      54,510         64,014  

Keller Group PLC

      12,894         90,852  

Kesa Electricals PLC

      77,846         87,065  

Kier Group PLC

      5,731         103,837  

Laird PLC

      43,370         149,122  

London & Stamford Property PLC

      107,667         189,916  

Lookers PLC

      31,064         31,020  

 

See Notes to Financial Statements.

 

54   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Europe SmallCap Dividend Fund (DFE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Low & Bonar PLC

      23,004       $ 22,420  

Marshalls PLC

      27,730         43,641  

Marston’s PLC

      114,040         178,746  

May Gurney Integrated Services PLC

      4,383         19,188  

Mcbride PLC*

      23,443         46,071  

Mears Group PLC

      7,171         29,274  

Melrose Resources PLC

      6,449         12,674  

Micro Focus International PLC

      25,402         191,972  

Mitie Group PLC

      42,476         189,686  

Moneysupermarket.com Group PLC

      63,100         127,938  

Morgan Crucible Co. PLC

      22,702         116,796  

Morgan Sindall Group PLC

      10,130         109,736  

Mothercare PLC

      13,973         37,060  

N. Brown Group PLC

      40,172         148,909  

NCC Group PLC

      1,959         28,170  

Novae Group PLC

      11,349         65,278  

Oxford Instruments PLC

      2,042         39,641  

Pace PLC

      17,426         20,812  

Phoenix IT Group Ltd.

      7,979         24,828  

Premier Farnell PLC

      46,944         160,960  

Promethean World PLC

      25,282         29,993  

Rank Group PLC

      18,991         39,203  

Restaurant Group PLC

      21,275         100,651  

Robert Walters PLC

      5,702         22,320  

RPC Group PLC

      10,189         59,908  

RPS Group PLC

      14,333         54,297  

RSM Tenon Group PLC

      72,707         9,863  

RWS Holdings PLC

      3,800         31,723  

Savills PLC

      16,353         98,633  

SDL PLC

      2,233         26,402  

Senior PLC

      27,660         88,343  

Severfield-Rowen PLC

      10,003         28,808  

Shanks Group PLC

      30,396         47,958  

Smiths News PLC

      61,770         87,590  

Spirent Communications PLC

      23,655         60,661  

Sportingbet PLC

      76,768         46,303  

ST Modwen Properties PLC

      15,330         45,252  

Sthree PLC

      13,517         72,457  

Synergy Health PLC

      1,194         16,196  

Telecom Plus PLC

      7,926         87,633  

TT electronics PLC

      5,754         14,962  

Tullett Prebon PLC

      36,755         205,539  

Ultra Electronics Holdings PLC

      5,613         156,853  

Umeco PLC

      7,523         46,697  

Vitec Group PLC (The)

      3,871         41,655  

WH Smith PLC

      21,901         190,708  

Wilmington Group PLC

      16,977         26,650  

WS Atkins PLC

      11,684         137,024  

WSP Group PLC

      9,609         38,919  

Yule Catto & Co. PLC

      11,732         46,487  
     

 

 

  
Total United Kingdom               9,959,480  

TOTAL COMMON STOCKS

(Cost: $28,090,569)

               28,513,309  
     
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree International MidCap Dividend Fund(b)

      
(Cost: $1,092)      26       $ 1,251  
RIGHTS – 0.0%      
Norway – 0.0%      

BWG Homes ASA, expiring 4/10/12*

(Cost: $0)

      1,533         188  

TOTAL LONG-TERM INVESTMENTS

(Cost: $28,091,661)

               28,514,748  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      

Invesco Treasury Fund Private Class, 0.02%(c)

(Cost: $12,495)

      12,495         12,495  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.4%      
MONEY MARKET FUND – 9.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $2,686,845)(d)      2,686,845         2,686,845  

TOTAL INVESTMENTS IN SECURITIES – 108.9%

(Cost: $30,791,001)

         31,214,088   

Liabilities in Excess of Other Assets – (8.9)%

         (2,546,209 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 28,667,879   

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $2,325,126 and the total market value of the collateral held by the Fund was $2,686,845.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      55   

Table of Contents

Schedule of Investments

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.7%      
Japan – 98.7%      
Advertising – 0.1%      

Hakuhodo DY Holdings, Inc.(a)

      3,350       $ 211,678  

Moshi Moshi Hotline, Inc.

      35,950         361,269  
     

 

 

  
Total Advertising               572,947  
Agriculture – 1.4%      

Hokuto Corp.

      7,400         156,732  

Japan Tobacco, Inc.

      1,473         8,340,944  

Sakata Seed Corp.

      17,500         244,547  
     

 

 

  
Total Agriculture               8,742,223  
Airlines – 0.0%      

All Nippon Airways Co., Ltd.(a)

      80,000         243,028  
Apparel – 0.3%      

Asics Corp.

      11,692         132,982  

Atsugi Co., Ltd.

      185,000         238,289  

Descente Ltd.

      38,558         242,232  

Gunze Ltd.

      55,000         161,735  

Onward Holdings Co., Ltd.(a)

      53,182         436,209  

Sanyo Shokai Ltd.

      61,000         166,037  

Wacoal Holdings Corp.

      25,000         298,013  
     

 

 

  
Total Apparel               1,675,497  
Auto Manufacturers – 6.5%      

Daihatsu Motor Co., Ltd.(a)

      81,000         1,492,144  

Fuji Heavy Industries Ltd.

      109,000         880,795  

Hino Motors Ltd.

      48,000         348,794  

Honda Motor Co., Ltd.

      260,477         9,954,434  

Isuzu Motors Ltd.

      176,000         1,037,244  

Nissan Motor Co., Ltd.

      460,900         4,934,114  

Nissan Shatai Co., Ltd.

      21,000         220,985  

Shinmaywa Industries Ltd.

      37,000         185,236  

Suzuki Motor Corp.

      34,836         836,877  

Toyota Motor Corp.

      454,437         19,713,714  
     

 

 

  
Total Auto Manufacturers               39,604,337  
Auto Parts & Equipment – 2.7%      

Aisin Seiki Co., Ltd.

      42,308         1,493,980  

Akebono Brake Industry Co., Ltd.(a)

      48,400         278,773  

Bridgestone Corp.

      67,568         1,647,019  

Calsonic Kansei Corp.

      25,000         153,412  

Denso Corp.

      103,114         3,464,490  

Exedy Corp.

      4,600         131,860  

FCC Co., Ltd.

      5,700         128,067  

JTEKT Corp.

      27,678         333,300  

Keihin Corp.(a)

      7,800         145,204  

Koito Manufacturing Co., Ltd.

      20,501         333,566  

KYB Co., Ltd.(a)

      19,000         116,131  

Musashi Seimitsu Industry Co., Ltd.

      5,500         131,794  

NGK Insulators Ltd.

      33,012         473,749  

NGK Spark Plug Co., Ltd.

      29,000         416,174  

NHK Spring Co., Ltd.

      31,000         335,257  

Nifco, Inc.

      7,300         200,651  

Nippon Seiki Co., Ltd.

      11,000         139,279  
     

Nissin Kogyo Co., Ltd.(a)

      16,500       $ 270,873  

NOK Corp.

      22,300         487,757  

Riken Corp.

      59,000         272,435  

Sanden Corp.

      29,000         95,146  

Stanley Electric Co., Ltd.

      34,626         553,292  

Sumitomo Electric Industries Ltd.

      107,000         1,473,127  

Sumitomo Rubber Industries Ltd.

      45,396         606,236  

Taiho Kogyo Co., Ltd.

      23,300         293,603  

Takata Corp.

      7,800         208,992  

Tokai Rika Co., Ltd.

      18,914         326,131  

Topre Corp.

      23,000         242,870  

Toyo Tire & Rubber Co., Ltd.

      58,000         162,805  

Toyoda Gosei Co., Ltd.

      19,640         384,471  

Toyota Boshoku Corp.

      25,000         296,494  

TS Tech Co., Ltd.

      17,600         347,103  

Unipres Corp.

      5,600         174,271  

Yokohama Rubber Co., Ltd. (The)

      70,917         513,598  
     

 

 

  
Total Auto Parts & Equipment               16,631,910  
Banks – 12.3%      

77 Bank Ltd. (The)

      71,000         314,904  

Akita Bank Ltd. (The)

      67,000         220,633  

Aomori Bank Ltd. (The)(a)

      47,000         146,206  

Aozora Bank Ltd.(a)

      171,000         496,616  

Awa Bank Ltd. (The)(a)

      30,000         185,187  

Bank of Iwate Ltd. (The)(a)

      3,400         154,930  

Bank of Kyoto Ltd. (The)

      43,000         392,405  

Bank of Nagoya Ltd. (The)

      56,000         202,102  

Bank of Saga Ltd. (The)

      78,000         223,683  

Bank of the Ryukyus Ltd.

      18,900         258,369  

Bank of Yokohama Ltd. (The)

      311,692         1,568,023  

Chiba Bank Ltd. (The)

      183,045         1,174,406  

Chugoku Bank Ltd. (The)

      29,000         394,325  

Chukyo Bank Ltd. (The)

      80,000         208,032  

Daisan Bank Ltd. (The)

      75,000         160,399  

Daishi Bank Ltd. (The)

      128,000         452,616  

Ehime Bank Ltd. (The)

      59,000         169,196  

FIDEA Holdings Co., Ltd.

      72,600         197,611  

Fukui Bank Ltd. (The)

      74,000         235,592  

Fukuoka Financial Group, Inc.

      206,878         922,586  

Gunma Bank Ltd. (The)

      71,000         382,198  

Hachijuni Bank Ltd. (The)

      59,000         349,863  

Higo Bank Ltd. (The)

      33,000         196,488  

Hiroshima Bank Ltd. (The)(a)

      81,000         372,052  

Hokkoku Bank Ltd. (The)

      70,000         264,536  

Hokuhoku Financial Group, Inc.

      273,000         524,139  

Hyakugo Bank Ltd. (The)

      26,000         120,372  

Hyakujushi Bank Ltd. (The)

      42,000         196,488  

Iyo Bank Ltd. (The)

      33,000         293,930  

Joyo Bank Ltd. (The)

      210,314         968,577  

Juroku Bank Ltd. (The)

      102,000         353,241  

Kagoshima Bank Ltd. (The)

      34,000         218,142  

Keiyo Bank Ltd. (The)

      53,000         255,678  

Kiyo Holdings, Inc.

      164,000         245,118  

Michinoku Bank Ltd. (The)

      44,000         90,358  

 

See Notes to Financial Statements.

 

56   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Mie Bank Ltd. (The)

      73,000       $ 176,524  

Mitsubishi UFJ Financial Group, Inc.(a)

      3,792,883         18,988,612  

Miyazaki Bank Ltd. (The)

      49,000         139,924  

Mizuho Financial Group, Inc.(a)

      9,263,745         15,196,617  

Musashino Bank Ltd. (The)

      7,000         242,250  

Nishi-Nippon City Bank Ltd. (The)

      184,704         525,193  

Oita Bank Ltd. (The)

      20,000         64,159  

Resona Holdings, Inc.

      669,961         3,101,709  

San-In Godo Bank Ltd. (The)

      42,000         334,285  

Sapporo Hokuyo Holdings, Inc.

      55,000         203,840  

Senshu Ikeda Holdings, Inc.

      315,116         440,347  

Shiga Bank Ltd. (The)

      43,000         258,643  

Shikoku Bank Ltd. (The)

      62,000         233,550  

Shinsei Bank Ltd.

      338,000         443,575  

Shizuoka Bank Ltd. (The)

      123,008         1,273,502  

Sumitomo Mitsui Financial Group, Inc.(a)

      502,359         16,622,195  

Sumitomo Mitsui Trust Holdings, Inc.

      405,517         1,300,887  

Suruga Bank Ltd.

      44,000         451,789  

Tochigi Bank Ltd. (The)

      44,000         164,676  

Toho Bank Ltd. (The)

      78,000         268,230  

TOMONY Holdings, Inc.

      61,373         299,799  

Tsukuba Bank Ltd.

      30,500         107,479  

Yamagata Bank Ltd. (The)

      30,000         143,265  

Yamaguchi Financial Group, Inc.

      45,000         411,204  

Yamanashi Chuo Bank Ltd. (The)

      42,000         187,812  
     

 

 

  
Total Banks               74,489,067  
Beverages – 0.9%      

Asahi Group Holdings Ltd.

      51,714         1,151,853  

Coca-Cola Central Japan Co., Ltd.

      17,811         232,228  

Coca-Cola West Co., Ltd.

      29,628         522,392  

Ito En Ltd.

      27,076         488,582  

Kagome Co., Ltd.(a)

      7,600         149,608  

Kirin Holdings Co., Ltd.

      201,274         2,619,411  

Sapporo Holdings Ltd.

      67,000         249,128  

Takara Holdings, Inc.

      39,000         266,809  
     

 

 

  
Total Beverages               5,680,011  
Building Materials – 1.0%      

Asahi Glass Co., Ltd.

      216,194         1,844,197  

Central Glass Co., Ltd.

      36,000         158,795  

Daikin Industries Ltd.(a)

      27,620         756,156  

Fujitec Co., Ltd.

      25,000         165,867  

JS Group Corp.

      57,349         1,207,677  

Nichias Corp.

      24,000         133,568  

Nippon Sheet Glass Co., Ltd.(a)

      221,092         341,196  

Rinnai Corp.

      2,900         210,025  

Sanwa Holdings Corp.

      68,831         270,155  

Sumitomo Osaka Cement Co., Ltd.

      56,000         163,995  

Taiheiyo Cement Corp.(a)

      193,000         431,521  

Takara Standard Co., Ltd.

      29,000         215,663  

TOTO Ltd.

      61,008         461,850  
     

 

 

  
Total Building Materials               6,360,665  
     
Chemicals – 4.0%      

ADEKA Corp.

      29,600       $ 282,710  

Aica Kogyo Co., Ltd.

      27,729         400,292  

Air Water, Inc.

      43,000         558,041  

Asahi Kasei Corp.

      248,288         1,541,712  

Chugoku Marine Paints Ltd.

      17,000         104,733  

Daicel Corp.

      43,000         278,498  

Denki Kagaku Kogyo K.K.

      79,000         317,747  

DIC Corp.(a)

      197,715         401,220  

Hitachi Chemical Co., Ltd.

      31,815         576,030  

JSR Corp.

      48,317         978,141  

Kaneka Corp.

      73,925         448,248  

Kansai Paint Co., Ltd.

      40,000         405,857  

Koatsu Gas Kogyo Co., Ltd.

      26,000         160,180  

Kuraray Co., Ltd.

      73,936         1,052,057  

Kureha Corp.

      40,000         193,450  

Lintec Corp.

      5,600         114,184  

Mitsubishi Chemical Holdings Corp.

      219,663         1,179,793  

Mitsubishi Gas Chemical Co., Inc.

      70,109         471,113  

Mitsui Chemicals, Inc.

      203,000         619,151  

Nihon Nohyaku Co., Ltd.

      30,000         134,516  

Nihon Parkerizing Co., Ltd.

      13,000         193,827  

Nippon Carbon Co., Ltd.

      46,000         130,239  

Nippon Kayaku Co., Ltd.

      45,000         463,698  

Nippon Paint Co., Ltd.

      23,000         175,235  

Nippon Shokubai Co., Ltd.

      37,000         431,168  

Nippon Soda Co., Ltd.

      44,000         202,637  

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

      19,000         117,516  

Nissan Chemical Industries Ltd.

      28,465         268,756  

Nitto Denko Corp.

      24,867         1,007,734  

NOF Corp.

      42,000         205,675  

Sakata INX Corp.

      29,000         145,185  

Sanyo Chemical Industries Ltd.

      18,000         120,736  

Sekisui Jushi Corp.

      13,000         130,640  

Shin-Etsu Chemical Co., Ltd.(a)

      88,990         5,168,871  

Showa Denko K.K.

      272,181         621,788  

Sumitomo Bakelite Co., Ltd.

      52,000         275,497  

Sumitomo Chemical Co., Ltd.(a)

      329,010         1,407,273  

Taiyo Holdings Co., Ltd.

      16,500         445,106  

Taiyo Nippon Sanso Corp.

      56,022         397,556  

Takasago International Corp.(a)

      28,000         132,693  

Toagosei Co., Ltd.

      31,000         143,520  

Tokai Carbon Co., Ltd.

      33,000         176,839  

Tokuyama Corp.(a)

      47,000         146,777  

Tosoh Corp.(a)

      164,370         459,385  

Toyo Ink SC Holdings Co., Ltd.

      114,000         472,374  

Ube Industries Ltd.

      201,241         550,206  

Zeon Corp.

      15,000         139,802  
     

 

 

  
Total Chemicals               24,348,406  
Commercial Services – 1.5%      

Aeon Delight Co., Ltd.

      18,800         398,410  

Dai Nippon Printing Co., Ltd.(a)

      229,694         2,361,275  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      57   

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Kanamoto Co., Ltd.

      21,000       $ 251,097  

Kyoritsu Maintenance Co., Ltd.

      6,400         135,318  

Meitec Corp.

      6,200         125,740  

Nichii Gakkan Co.

      23,600         317,745  

Nomura Co., Ltd.

      43,000         155,708  

Park24 Co., Ltd.

      49,677         673,065  

Secom Co., Ltd.

      49,483         2,435,217  

Sohgo Security Services Co., Ltd.

      24,500         292,351  

Toppan Forms Co., Ltd.

      37,900         349,548  

Toppan Printing Co., Ltd.(a)

      222,517         1,746,716  
     

 

 

  
Total Commercial Services               9,242,190  
Computers – 1.0%      

Fujitsu Ltd.(a)

      404,000         2,140,397  

Ines Corp.

      28,800         230,974  

Information Services International-Dentsu Ltd.

      20,900         169,140  

Itochu Techno-Solutions Corp.(a)

      21,586         971,823  

Melco Holdings, Inc.

      5,200         132,251  

NEC Fielding Ltd.

      22,800         298,939  

NEC Networks & System Integration Corp.

      20,100         288,696  

NS Solutions Corp.

      7,000         135,585  

Otsuka Corp.

      6,704         548,246  

SCSK Corp.

      19,200         306,099  

TDK Corp.(a)

      19,851         1,131,311  
     

 

 

  
Total Computers               6,353,461  
Cosmetics/Personal Care – 1.3%      

Kao Corp.(a)

      131,062         3,459,100  

Kose Corp.

      7,800         177,714  

Lion Corp.

      56,291         324,223  

Mandom Corp.

      5,100         128,654  

Pigeon Corp.

      4,000         149,949  

Pola Orbis Holdings, Inc.

      8,645         259,471  

Shiseido Co., Ltd.(a)

      122,451         2,124,795  

Unicharm Corp.

      20,000         1,062,033  
     

 

 

  
Total Cosmetics/Personal Care               7,685,939  
Distribution/Wholesale – 5.5%      

Ai Holdings Corp.

      34,211         182,497  

Canon Marketing Japan, Inc.

      33,400         430,614  

Daiwabo Holdings Co., Ltd.

      66,000         148,369  

Doshisha Co., Ltd.

      5,500         159,329  

Hakuto Co., Ltd.

      22,100         221,282  

Hitachi High-Technologies Corp.

      19,800         475,181  

Inabata & Co., Ltd.

      34,600         241,332  

ITOCHU Corp.

      294,443         3,230,841  

Itochu Enex Co., Ltd.(a)

      51,700         307,203  

Iwatani Corp.

      51,000         171,043  

Marubeni Corp.

      304,278         2,207,351  

Matsuda Sangyo Co., Ltd.

      17,200         283,828  

Mitsubishi Corp.(a)

      392,100         9,147,968  

Mitsui & Co., Ltd.(a)

      511,018         8,426,410  

Nagase & Co., Ltd.

      22,500         279,968  

Paltac Corp.

      18,097         261,246  

Ryoden Trading Co., Ltd.

      28,000         169,779  
     

San-Ai Oil Co., Ltd.

      24,000       $ 125,403  

Sinanen Co., Ltd.

      18,000         79,179  

Sojitz Corp.

      202,800         364,717  

Sumitomo Corp.

      314,814         4,575,218  

Toyota Tsusho Corp.(a)

      66,210         1,355,658  

Trusco Nakayama Corp.

      7,300         149,735  

Yamazen Corp.

      27,400         229,734  

Yuasa Trading Co., Ltd.

      90,000         157,482  
     

 

 

  
Total Distribution/Wholesale               33,381,367  
Diversified Financial Services – 1.0%      

Century Tokyo Leasing Corp.

      23,505         477,269  

Daiwa Securities Group, Inc.(a)

      230,545         916,073  

Hitachi Capital Corp.

      32,900         492,531  

Ichiyoshi Securities Co., Ltd.

      30,300         214,285  

Jaccs Co., Ltd.

      52,000         186,403  

Nomura Holdings, Inc.

      626,600         2,786,750  

Okasan Securities Group, Inc.

      50,000         212,042  

Tokai Tokyo Financial Holdings, Inc.

      165,000         619,539  
     

 

 

  
Total Diversified Financial Services               5,904,892  
Electric – 3.7%      

Chubu Electric Power Co., Inc.

      290,916         5,281,348  

Chugoku Electric Power Co., Inc. (The)(a)

      132,713         2,478,642  

Electric Power Development Co., Ltd.(a)

      52,395         1,428,694  

Hokkaido Electric Power Co., Inc.

      73,908         1,091,175  

Hokuriku Electric Power Co.

      78,000         1,417,923  

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

      356,020         5,546,116  

Kyushu Electric Power Co., Inc.

      197,210         2,825,331  

Okinawa Electric Power Co., Inc. (The)

      600         24,935  

Shikoku Electric Power Co., Inc.(a)

      73,408         2,081,060  
     

 

 

  
Total Electric               22,175,224  
Electrical Components & Equipment – 1.4%      

Brother Industries Ltd.

      49,509         675,000  

Casio Computer Co., Ltd.*(a)

      66,100         474,696  

Fujikura Ltd.

      46,000         154,274  

Furukawa Electric Co., Ltd.

      76,971         205,767  

GS Yuasa Corp.

      48,000         264,803  

Hitachi Ltd.(a)

      386,000         2,490,625  

Mitsubishi Electric Corp.

      240,000         2,134,759  

Nidec Corp.(a)

      16,100         1,475,108  

Nippon Signal Co., Ltd. (The)

      26,200         164,596  

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

      15,051         90,897  

Tokyo Rope Manufacturing Co., Ltd.(a)

      32,000         65,715  

Ushio, Inc.

      20,100         284,055  
     

 

 

  
Total Electrical Components & Equipment               8,480,295  
Electronics – 2.6%      

Advantest Corp.

      17,200         272,541  

Alps Electric Co., Ltd.

      37,600         332,618  

Anritsu Corp.

      15,000         197,582  

Azbil Corp.

      20,458         454,926  

Cosel Co., Ltd.

      16,500         230,974  

Dainippon Screen Manufacturing Co., Ltd.

      15,000         135,792  

Fujitsu General Ltd.(a)

      19,000         143,374  

 

See Notes to Financial Statements.

 

58   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Hamamatsu Photonics K.K.

      6,400       $ 243,028  

Hirose Electric Co., Ltd.(a)

      5,320         561,769  

Horiba Ltd.

      4,300         148,184  

Hoya Corp.

      128,157         2,894,998  

Ibiden Co., Ltd.

      21,201         545,386  

Japan Aviation Electronics Industry Ltd.

      19,000         165,539  

Keyence Corp.

      1,210         286,124  

Koa Corp.

      20,600         221,532  

Kuroda Electric Co., Ltd.

      20,400         225,827  

Kyocera Corp.

      24,581         2,264,098  

Minebea Co., Ltd.

      56,000         245,653  

Mitsumi Electric Co., Ltd.*

      24,700         214,000  

Murata Manufacturing Co., Ltd.

      34,800         2,074,172  

Nichicon Corp.(a)

      15,500         187,782  

Nidec Copal Corp.

      21,600         283,468  

Nihon Dempa Kogyo Co., Ltd.(a)

      3,300         50,004  

Nippon Electric Glass Co., Ltd.

      39,018         340,895  

Nohmi Bosai Ltd.

      33,242         229,032  

Ryosan Co., Ltd.

      6,800         137,496  

Sanshin Electronics Co., Ltd.

      25,400         215,126  

SMK Corp.

      33,000         115,086  

Taiyo Yuden Co., Ltd.(a)

      10,000         107,175  

Toshiba Corp.

      416,000         1,840,015  

Toyo Corp.

      25,300         276,687  

Ulvac, Inc.*

      5,100         56,333  

Yaskawa Electric Corp.

      12,000         113,446  
     

 

 

  
Total Electronics               15,810,662  
Engineering & Construction – 1.3%      

Chiyoda Corp.

      16,000         204,338  

COMSYS Holdings Corp.(a)

      32,460         353,414  

Hibiya Engineering Ltd.

      21,700         240,481  

JGC Corp.

      25,018         779,770  

Kajima Corp.(a)

      222,386         680,980  

Kandenko Co., Ltd.

      34,000         166,086  

Kyowa Exeo Corp.

      32,300         292,405  

Maeda Corp.

      51,000         225,579  

Maeda Road Construction Co., Ltd.

      14,000         175,053  

Nippo Corp.

      19,000         212,176  

Nippon Densetsu Kogyo Co., Ltd.

      13,000         129,692  

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

      38,000         162,537  

Nishimatsu Construction Co., Ltd.

      172,000         405,468  

Obayashi Corp.

      165,328         725,237  

Okumura Corp.

      59,000         233,003  

Penta-Ocean Construction Co., Ltd.

      46,500         149,736  

Raito Kogyo Co., Ltd.

      36,400         214,963  

Sanki Engineering Co., Ltd.

      30,000         162,950  

Shimizu Corp.(a)

      177,182         714,800  

Shinko Plantech Co., Ltd.

      15,500         132,785  

Taisei Corp.

      308,145         808,789  

Takasago Thermal Engineering Co., Ltd.

      28,600         223,810  

Toda Corp.

      64,000         216,198  

Toenec Corp.

      27,000         157,482  

Toshiba Plant Systems & Services Corp.

      17,000         196,658  
     

Toyo Engineering Corp.

      34,000       $ 162,780  
     

 

 

  
Total Engineering & Construction               8,127,170  
Entertainment – 0.9%      

Avex Group Holdings, Inc.

      23,019         279,713  

Mars Engineering Corp.

      19,800         441,497  

Oriental Land Co., Ltd.

      16,400         1,767,641  

Sankyo Co., Ltd.

      29,421         1,451,477  

Shochiku Co., Ltd.

      16,000         151,650  

Toei Co., Ltd.

      37,000         191,980  

Toho Co., Ltd.

      37,543         692,968  

Tokyotokeiba Co., Ltd.

      185,000         285,497  
     

 

 

  
Total Entertainment               5,262,423  
Environmental Control – 0.2%      

Asahi Holdings, Inc.

      18,000         390,862  

Daiseki Co., Ltd.

      6,500         121,083  

Hitachi Zosen Corp.

      179,500         235,567  

Kurita Water Industries Ltd.

      22,232         547,865  
     

 

 

  
Total Environmental Control               1,295,377  
Food – 1.8%      

Ajinomoto Co., Inc.

      152,433         1,922,662  

Ariake Japan Co., Ltd.

      6,800         131,794  

Ezaki Glico Co., Ltd.

      17,000         205,128  

Fuji Oil Co., Ltd.

      20,100         287,474  

House Foods Corp.

      19,000         326,691  

J-Oil Mills, Inc.(a)

      49,000         141,710  

Kasumi Co., Ltd.

      50,572         341,059  

Kato Sangyo Co., Ltd.

      5,800         115,161  

Kewpie Corp.

      27,800         411,789  

Kikkoman Corp.(a)

      30,000         348,867  

Kyokuyo Co., Ltd.

      62,000         149,171  

Marudai Food Co., Ltd.

      43,000         167,726  

Maruha Nichiro Holdings, Inc.

      72,000         126,861  

MEIJI Holdings Co., Ltd.

      17,341         761,744  

Mitsui Sugar Co., Ltd.

      44,000         147,567  

Morinaga & Co., Ltd.

      57,000         132,985  

Morinaga Milk Industry Co., Ltd.

      41,000         161,917  

Nichirei Corp.

      69,551         327,915  

Nippon Beet Sugar Manufacturing Co., Ltd.

      62,000         138,623  

Nippon Flour Mills Co., Ltd.

      39,000         180,084  

Nippon Meat Packers, Inc.

      22,000         280,965  

Nippon Suisan Kaisha Ltd.(a)

      124,335         426,058  

Nisshin Oillio Group Ltd. (The)

      34,000         141,297  

Nisshin Seifun Group, Inc.

      43,113         524,407  

Nissin Foods Holdings Co., Ltd.

      26,028         978,877  

Prima Meat Packers Ltd.

      158,000         295,668  

Toyo Suisan Kaisha Ltd.

      22,000         574,494  

Yakult Honsha Co., Ltd.(a)

      19,200         663,758  

Yamazaki Baking Co., Ltd.

      31,000         446,759  
     

 

 

  
Total Food               10,859,211  
Forest Products & Paper – 0.4%      

Daio Paper Corp.

      8,000         48,022  

Hokuetsu Kishu Paper Co., Ltd.

      38,946         260,760  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      59   

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nippon Paper Group, Inc.(a)

      33,400       $ 699,292  

OJI Paper Co., Ltd.(a)

      275,120         1,337,238  
     

 

 

  
Total Forest Products & Paper               2,345,312  
Gas – 1.0%      

Osaka Gas Co., Ltd.

      514,014         2,073,670  

Saibu Gas Co., Ltd.

      181,000         490,467  

Shizuoka Gas Co., Ltd.

      11,500         82,587  

Toho Gas Co., Ltd.(a)

      105,000         622,638  

Tokyo Gas Co., Ltd.

      556,020         2,635,006  
     

 

 

  
Total Gas               5,904,368  
Hand/Machine Tools – 0.5%      

Asahi Diamond Industrial Co., Ltd.(a)

      6,000         70,721  

Disco Corp.

      2,700         150,100  

Fuji Electric Co., Ltd.

      165,000         437,086  

Hitachi Koki Co., Ltd.

      28,596         263,044  

Makita Corp.

      21,265         857,887  

Meidensha Corp.*(a)

      31,000         113,385  

OSG Corp.(a)

      18,900         287,536  

SMC Corp.

      3,820         610,866  

THK Co., Ltd.

      7,300         149,291  

Union Tool Co.

      6,400         119,920  
     

 

 

  
Total Hand/Machine Tools               3,059,836  
Healthcare-Products – 0.4%      

Hogy Medical Co., Ltd.

      4,400         197,558  

Nihon Kohden Corp.

      6,500         175,029  

Nipro Corp.(a)

      40,900         306,644  

Paramount Bed Holdings Co., Ltd.

      4,800         142,142  

Shimadzu Corp.

      24,000         217,851  

Sysmex Corp.

      10,200         413,974  

Terumo Corp.

      17,128         823,151  
     

 

 

  
Total Healthcare-Products               2,276,349  
Heathcare-Services – 0.1%      

Miraca Holdings, Inc.

      7,882         309,361  
Home Builders – 0.6%      

Daiwa House Industry Co., Ltd.

      79,022         1,050,490  

PanaHome Corp.

      28,000         192,235  

Sekisui Chemical Co., Ltd.

      79,008         689,322  

Sekisui House Ltd.

      180,022         1,774,079  
     

 

 

  
Total Home Builders               3,706,126  
Home Furnishings – 1.0%      

Alpine Electronics, Inc.

      19,300         261,961  

Canon Electronics, Inc.

      16,500         424,254  

Foster Electric Co., Ltd.

      7,600         111,744  

Hoshizaki Electric Co., Ltd.

      16,500         391,373  

Nidec Sankyo Corp.

      30,000         181,907  

Panasonic Corp.

      205,378         1,899,176  

Sharp Corp.(a)

      226,747         1,664,198  

Sony Corp.

      53,821         1,114,417  
     

 

 

  
Total Home Furnishings               6,049,030  
Household Products/Wares – 0.0%      

Mitsubishi Pencil Co., Ltd.

      7,100         124,322  
     
Insurance – 2.4%      

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

      1,205       $ 1,673,631  

MS&AD Insurance Group Holdings(a)

      148,730         3,070,567  

NKSJ Holdings, Inc.(a)

      133,853         3,009,029  

Sony Financial Holdings, Inc.

      55,903         998,571  

T&D Holdings, Inc.

      124,820         1,454,552  

Tokio Marine Holdings, Inc.

      153,243         4,228,870  
     

 

 

  
Total Insurance               14,435,220  
Internet – 0.7%      

Dena Co., Ltd.(a)

      17,468         486,714  

GMO Internet, Inc.

      44,600         224,911  

Gree, Inc.

      5,100         129,460  

Monex Group, Inc.

      1,445         317,814  

SBI Holdings, Inc.*

      3,842         364,615  

Trend Micro, Inc.

      31,318         967,758  

Yahoo! Japan Corp.(a)

      5,316         1,729,904  
     

 

 

  
Total Internet               4,221,176  
Iron/Steel – 1.6%      

Aichi Steel Corp.

      31,000         160,848  

Daido Metal Co., Ltd.

      10,000         125,767  

Daido Steel Co., Ltd.

      37,000         257,622  

Hitachi Metals Ltd.

      48,018         599,824  

Japan Steel Works Ltd. (The)(a)

      69,018         475,523  

JFE Holdings, Inc.

      89,716         1,938,332  

Kobe Steel Ltd.

      520,000         846,710  

Nippon Steel Corp.

      692,010         1,908,819  

Nisshin Steel Co., Ltd.

      174,000         293,894  

Sanyo Special Steel Co., Ltd.

      26,000         141,856  

Sumitomo Metal Industries Ltd.

      1,237,967         2,512,188  

Topy Industries Ltd.

      51,000         159,269  

Toyo Kohan Co., Ltd.

      30,000         123,215  

Yamato Kogyo Co., Ltd.

      5,040         147,902  

Yodogawa Steel Works Ltd.

      55,000         241,266  
     

 

 

  
Total Iron/Steel               9,933,035  
Leisure Time – 0.4%      

Daikoku Denki Co., Ltd.

      22,100         318,764  

Mizuno Corp.

      42,000         234,255  

Round One Corp.(a)

      27,800         184,444  

Sega Sammy Holdings, Inc.

      59,815         1,260,334  

Yamaha Corp.

      24,500         255,435  
     

 

 

  
Total Leisure Time               2,253,232  
Lodging – 0.1%      

Resorttrust, Inc.(a)

      27,100         442,254  
Machinery-Construction & Mining – 0.6%      

Hitachi Construction Machinery Co., Ltd.(a)

      25,900         576,255  

Komatsu Ltd.

      107,006         3,067,345  

Modec, Inc.

      9,500         197,630  
     

 

 

  
Total Machinery-Construction & Mining               3,841,230  
Machinery-Diversified – 2.1%      

Amada Co., Ltd.

      38,014         257,753  

Daifuku Co., Ltd.

      35,000         204,144  

 

See Notes to Financial Statements.

 

60   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Daihen Corp.

      36,000       $ 130,360  

Ebara Corp.

      34,000         122,705  

FANUC Corp.

      29,700         5,297,965  

Hisaka Works Ltd.

      12,000         133,277  

IHI Corp.

      229,690         583,331  

Kawasaki Heavy Industries Ltd.(a)

      163,355         502,203  

Kinki Sharyo Co., Ltd.

      37,000         141,625  

Komori Corp.

      28,200         244,323  

Kubota Corp.

      219,954         2,124,837  

Max Co., Ltd.

      13,000         164,445  

Mitsubishi Heavy Industries Ltd.

      325,016         1,583,710  

Nabtesco Corp.

      7,000         144,431  

Nippon Sharyo Ltd.(a)

      33,000         137,141  

Organo Corp.

      17,000         115,268  

Sumitomo Heavy Industries Ltd.

      46,000         257,124  

Torishima Pump Manufacturing Co., Ltd.

      17,900         246,004  

Tsubakimoto Chain Co.

      25,000         155,234  

Tsugami Corp.(a)

      19,000         217,717  
     

 

 

  
Total Machinery-Diversified               12,763,597  
Media – 0.1%      

Gakken Holdings Co., Ltd.

      34,000         70,235  

Kadokawa Group Holdings, Inc.(a)

      4,200         134,429  

Tokyo Broadcasting System Holdings, Inc.

      25,300         379,369  
     

 

 

  
Total Media               584,033  
Metal Fabricate/Hardware – 0.4%      

Furukawa-Sky Aluminum Corp.

      62,000         199,648  

Hanwa Co., Ltd.

      49,000         223,878  

JFE Shoji Holdings, Inc.

      56,000         293,967  

MISUMI Group, Inc.

      10,400         254,392  

Nippon Steel Trading Co., Ltd.

      51,000         166,705  

NSK Ltd.

      50,000         387,022  

NTN Corp.

      77,403         329,194  

Oiles Corp.

      7,200         142,609  

Ryobi Ltd.

      50,000         190,777  

Toho Zinc Co., Ltd.

      28,000         126,909  
     

 

 

  
Total Metal Fabricate/Hardware               2,315,101  
Mining – 0.5%      

Dowa Holdings Co., Ltd.(a)

      59,664         398,751  

Mitsubishi Materials Corp.

      51,000         162,367  

Mitsui Mining & Smelting Co., Ltd.

      80,000         226,502  

Nippon Denko Co., Ltd.

      21,000         103,348  

Nippon Light Metal Co., Ltd.

      68,000         109,071  

Nittetsu Mining Co., Ltd.

      37,000         178,492  

Sumitomo Metal Mining Co., Ltd.

      110,000         1,554,529  
     

 

 

  
Total Mining               2,733,060  
Miscellaneous Manufacturing – 0.8%      

Amano Corp.

      38,033         355,397  

FUJIFILM Holdings Corp.

      51,502         1,214,720  

Konica Minolta Holdings, Inc.

      105,032         922,755  

Nikkiso Co., Ltd.

      14,000         147,494  

Nikon Corp.

      34,400         1,050,037  

Ohara, Inc.

      7,600         88,564  
     

Sekisui Plastics Co., Ltd.

      35,000       $ 128,866  

Shin-Etsu Polymer Co., Ltd.

      34,600         181,630  

Tamron Co., Ltd.

      7,448         241,554  

Tokai Rubber Industries Ltd.

      22,000         279,628  

Toyo Tanso Co., Ltd.

      2,400         91,427  
     

 

 

  
Total Miscellaneous Manufacturing               4,702,072  
Office/Business Equipment – 3.2%      

Canon, Inc.

      346,020         16,440,102  

Ricoh Co., Ltd.(a)

      250,008         2,445,549  

Sato Holdings Corp.

      18,600         263,309  

Seiko Epson Corp.(a)

      29,900         421,459  

Toshiba TEC Corp.

      35,000         139,498  
     

 

 

  
Total Office/Business Equipment               19,709,917  
Oil & Gas – 1.6%      

Cosmo Oil Co., Ltd.(a)

      262,097         732,515  

Idemitsu Kosan Co., Ltd.

      6,420         643,599  

Inpex Corp.

      319         2,166,851  

JX Holdings, Inc.

      613,059         3,821,608  

Showa Shell Sekiyu K.K.

      87,321         560,247  

TonenGeneral Sekiyu K.K.

      211,137         1,954,996  
     

 

 

  
Total Oil & Gas               9,879,816  
Packaging & Containers – 0.2%      

Achilles Corp.

      45,000         64,524  

Fuji Seal International, Inc.

      6,800         129,563  

Nihon Yamamura Glass Co., Ltd.

      54,000         132,547  

Rengo Co., Ltd.

      51,000         355,101  

Toyo Seikan Kaisha Ltd.

      24,100         347,612  
     

 

 

  
Total Packaging & Containers               1,029,347  
Pharmaceuticals – 7.5%      

Alfresa Holdings Corp.

      10,500         502,066  

Astellas Pharma, Inc.(a)

      158,170         6,534,759  

Chugai Pharmaceutical Co., Ltd.

      128,118         2,375,698  

Daiichi Sankyo Co., Ltd.(a)

      229,601         4,207,282  

Dainippon Sumitomo Pharma Co., Ltd.(a)

      83,908         894,189  

Eisai Co., Ltd.(a)

      124,776         4,988,311  

Hisamitsu Pharmaceutical Co., Inc.(a)

      18,557         885,063  

Kaken Pharmaceutical Co., Ltd.

      37,000         468,935  

Kobayashi Pharmaceutical Co., Ltd.

      4,700         236,442  

KYORIN Holdings, Inc.

      25,000         476,031  

Kyowa Hakko Kirin Co., Ltd.

      165,022         1,844,829  

Medipal Holdings Corp.

      55,164         718,583  

Mitsubishi Tanabe Pharma Corp.

      107,843         1,521,426  

Mochida Pharmaceutical Co., Ltd.

      20,000         237,195  

Otsuka Holdings Co., Ltd.

      72,119         2,147,051  

Sawai Pharmaceutical Co., Ltd.

      1,300         138,538  

Seikagaku Corp.

      11,500         128,981  

Shionogi & Co., Ltd.(a)

      90,447         1,257,323  

Ship Healthcare Holdings, Inc.

      9,789         201,739  

Suzuken Co., Ltd.

      32,000         992,333  

Takeda Pharmaceutical Co., Ltd.(a)

      313,658         13,892,502  

Toho Holdings Co., Ltd.

      7,800         139,328  

Towa Pharmaceutical Co., Ltd.

      2,200         109,606  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      61   

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Tsumura & Co.(a)

      17,900       $ 520,067  
     

 

 

  
Total Pharmaceuticals               45,418,277  
Private Equity – 0.0%      

Jafco Co., Ltd.*

      6,100         148,766  
Real Estate – 1.8%      

Arnest One Corp.

      24,200         271,127  

Daito Trust Construction Co., Ltd.

      35,903         3,241,500  

Goldcrest Co., Ltd.

      12,570         230,948  

Heiwa Real Estate Co., Ltd.

      91,000         248,800  

Mitsubishi Estate Co., Ltd.

      105,018         1,883,548  

Mitsui Fudosan Co., Ltd.

      141,387         2,719,675  

Nomura Real Estate Holdings, Inc.

      25,505         452,176  

Sumitomo Realty & Development Co., Ltd.

      42,012         1,018,457  

Tokyu Land Corp.

      70,416         346,540  

Tokyu Livable, Inc.

      23,700         246,518  

Touei Housing Corp.

      19,800         210,282  
     

 

 

  
Total Real Estate               10,869,571  
Retail – 4.6%      

ABC-Mart, Inc.

      6,600         249,821  

Aeon Co., Ltd.(a)

      158,025         2,089,206  

AOKI Holdings, Inc.

      17,600         332,773  

Arcs Co., Ltd.

      7,800         145,299  

ASKUL Corp.(a)

      16,900         298,797  

Chiyoda Co., Ltd.

      29,513         595,317  

Circle K Sunkus Co., Ltd.

      19,883         427,885  

Citizen Holdings Co., Ltd.

      60,800         387,134  

DCM Holdings Co., Ltd.

      36,046         287,772  

Don Quijote Co., Ltd.

      4,000         146,060  

Doutor Nichires Holdings Co., Ltd.

      21,900         289,800  

EDION Corp.(a)

      37,789         266,330  

FamilyMart Co., Ltd.

      21,797         927,025  

Fast Retailing Co., Ltd.

      17,038         3,904,693  

Gulliver International Co., Ltd.

      2,930         115,712  

H2O Retailing Corp.

      41,000         358,211  

Heiwado Co., Ltd.

      22,900         310,546  

Isetan Mitsukoshi Holdings Ltd.(a)

      39,400         465,360  

Izumi Co., Ltd.

      20,300         385,057  

J Front Retailing Co., Ltd.

      78,000         437,888  

Joshin Denki Co., Ltd.

      12,000         119,278  

Kappa Create Co., Ltd.(a)

      11,200         242,250  

Komeri Co., Ltd.

      5,300         151,925  

K’s Holdings Corp.

      4,500         145,890  

Lawson, Inc.

      35,700         2,260,125  

Marui Group Co., Ltd.

      80,332         673,541  

Matsumotokiyoshi Holdings Co., Ltd.

      7,800         170,132  

Nitori Holdings Co., Ltd.

      2,400         218,142  

Parco Co., Ltd.

      25,800         249,551  

Plenus Co., Ltd.

      22,623         411,527  

Point, Inc.

      8,990         333,732  

Ryohin Keikaku Co., Ltd.(a)

      4,998         259,936  

Saizeriya Co., Ltd.

      7,400         119,684  

Seiko Holdings Corp.*(a)

      43,000         103,980  

Seven & I Holdings Co., Ltd.

      190,836         5,699,920  
     

Shimachu Co., Ltd.

      5,700       $ 135,063  

Shimamura Co., Ltd.

      4,000         450,088  

St. Marc Holdings Co., Ltd.

      3,600         143,484  

Sugi Holdings Co., Ltd.

      8,400         258,344  

Sundrug Co., Ltd.

      5,700         177,313  

Takashimaya Co., Ltd.

      54,000         450,793  

Tsuruha Holdings, Inc.

      2,800         165,867  

United Arrows Ltd.

      7,700         162,337  

UNY Co., Ltd.

      51,261         558,112  

USS Co., Ltd.(a)

      8,519         868,515  

Xebio Co., Ltd.

      6,500         174,318  

Yamada Denki Co., Ltd.(a)

      5,230         328,563  

Zensho Holdings Co., Ltd.

      15,800         195,064  
     

 

 

  
Total Retail               27,648,160  
Semiconductors – 0.7%      

Axell Corp.

      7,600         180,823  

Megachips Corp.*

      7,900         157,242  

Mimasu Semiconductor Industry Co., Ltd.

      19,700         188,634  

Rohm Co., Ltd.

      27,100         1,345,203  

Shinko Electric Industries Co., Ltd.(a)

      32,400         318,114  

Tokyo Electron Ltd.

      34,200         1,967,762  
     

 

 

  
Total Semiconductors               4,157,778  
Shipbuilding – 0.1%      

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

      157,000         274,719  

Sasebo Heavy Industries Co., Ltd.(a)

      86,000         144,213  
     

 

 

  
Total Shipbuilding               418,932  
Software – 1.1%      

Capcom Co., Ltd.

      16,500         379,142  

IT Holdings Corp.

      34,400         404,632  

Konami Corp.(a)

      22,796         649,850  

NEC Mobiling Ltd.

      3,282         113,940  

Nihon Unisys Ltd.

      39,300         276,979  

Nomura Research Institute Ltd.

      59,371         1,481,119  

NSD Co., Ltd.

      27,700         257,494  

Oracle Corp.

      49,907         1,907,255  

Square Enix Holdings Co., Ltd.(a)

      22,600         477,293  

Transcosmos, Inc.*

      20,400         314,075  

Zenrin Co., Ltd.

      25,400         257,410  
     

 

 

  
Total Software               6,519,189  
Storage/Warehousing – 0.1%      

Mitsubishi Logistics Corp.

      21,000         249,311  

Mitsui-Soko Co., Ltd.

      52,000         223,051  

Sumitomo Warehouse Co., Ltd. (The)

      48,000         249,055  
     

 

 

  
Total Storage/Warehousing               721,417  
Telecommunications – 7.7%      

Hikari Tsushin, Inc.

      21,883         646,691  

Hitachi Kokusai Electric, Inc.

      17,000         156,789  

Japan Radio Co., Ltd.*

      63,000         153,108  

KDDI Corp.(a)

      836         5,444,997  

Nippon Telegraph & Telephone Corp.(a)

      395,100         18,027,833  

NTT DoCoMo, Inc.(a)

      12,867         21,482,785  

 

See Notes to Financial Statements.

 

62   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan Hedged Equity Fund (DXJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Softbank Corp.*

      18,519       $ 550,653  
     

 

 

  
Total Telecommunications               46,462,856  
Textiles – 0.4%      

Japan Vilene Co., Ltd.

      31,000         144,274  

Kurabo Industries Ltd.

      125,000         244,547  

Nisshinbo Holdings, Inc.

      32,000         304,466  

Nitto Boseki Co., Ltd.*(a)

      59,000         232,286  

Seiren Co., Ltd.

      29,700         198,132  

Teijin Ltd.

      66,000         222,954  

Toray Industries, Inc.(a)

      113,853         849,453  

Toyobo Co., Ltd.

      235,000         336,959  
     

 

 

  
Total Textiles               2,533,071  
Toys/Games/Hobbies – 1.5%      

Namco Bandai Holdings, Inc.

      63,350         919,131  

Nintendo Co., Ltd.

      53,500         8,093,748  

Sanrio Co., Ltd.

      5,077         199,267  

Tomy Co., Ltd.

      25,300         185,996  
     

 

 

  
Total Toys/Games/Hobbies               9,398,142  
Transportation – 3.1%      

East Japan Railway Co.

      82,205         5,204,302  

Fukuyama Transporting Co., Ltd.(a)

      45,000         246,066  

Hankyu Hanshin Holdings, Inc.

      183,000         802,758  

Hitachi Transport System Ltd.

      21,000         384,045  

Kamigumi Co., Ltd.

      23,000         191,445  

Kawasaki Kisen Kaisha Ltd.*(a)

      176,000         389,234  

Keikyu Corp.(a)

      50,000         439,881  

Keio Corp.

      80,000         576,463  

Keisei Electric Railway Co., Ltd.

      43,000         334,407  

Kintetsu Corp.(a)

      314,899         1,205,337  

Mitsui O.S.K. Lines Ltd.(a)

      268,000         1,172,368  

Nagoya Railroad Co., Ltd.(a)

      165,000         457,136  

Nippon Express Co., Ltd.

      287,149         1,127,032  

Nippon Konpo Unyu Soko Co., Ltd.

      18,000         222,444  

Nippon Yusen K.K.(a)

      502,014         1,586,046  

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

      64,154         303,249  

Odakyu Electric Railway Co., Ltd.(a)

      67,008         636,737  

Sankyu, Inc.

      45,379         178,660  

Seino Holdings Corp.

      28,000         203,463  

Senko Co., Ltd.

      46,000         185,576  

Sotetsu Holdings, Inc.(a)

      164,000         516,143  

Tobu Railway Co., Ltd.

      88,486         472,026  

Tokyu Corp.

      214,473         1,024,216  

Yamato Holdings Co., Ltd.

      73,975         1,149,693  
     

 

 

  
Total Transportation               19,008,727  
TOTAL COMMON STOCKS
(Cost: $596,388,786)		               598,848,982  
SHORT-TERM INVESTMENT – 0.2%      
MONEY MARKET FUND – 0.2%      
Invesco Treasury Fund Private Class, 0.02%(b)
(Cost: $973,139)		      973,139         973,139  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 28.6%      
MONEY MARKET FUND – 28.6%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(b)

      
(Cost: $173,505,428)(c)      173,505,428       $ 173,505,428  
TOTAL INVESTMENTS IN SECURITIES – 127.5%
(Cost: $770,867,353)		          773,327,549  

Liabilities in Excess of Foreign Currency and Other Assets – (27.5)%

         (166,620,787 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 606,706,762  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(c) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $164,639,402 and the total market value of the collateral held by the Fund was $173,505,428.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      63   

Table of Contents

Schedule of Investments

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.0%      
Australia – 0.8%      

Fortescue Metals Group Ltd.

      12,761       $ 76,807  

Rio Tinto Ltd.

      5,828         394,853  
     

 

 

  
Total Australia               471,660  
Austria – 0.2%      

Andritz AG

      782         76,417  

Voestalpine AG

      1,522         51,107  
     

 

 

  
Total Austria               127,524   
Belgium – 0.2%      

NV Bekaert S.A.

      666         21,424  

Umicore S.A.

      1,574         86,579  
     

 

 

  
Total Belgium               108,003   
Brazil – 6.4%      

BRF – Brasil Foods S.A.*

      5,500         108,686  

CCR S.A.

      42,616         345,030  

Cia de Saneamento Basico do Estado de Sao Paulo*

      4,900         186,701  

CPFL Energia S.A.

      33,100         497,507  

Duratex S.A.*

      6,400         40,414  

EcoRodovias Infraestrutura e Logistica S.A.

      12,500         109,837  

Lojas Renner S.A.

      3,500         119,736  

MRV Engenharia e Participacoes S.A.

      5,900         41,817  

PDG Realty S.A. Empreendimentos e Participacoes

      11,500         39,651  

Porto Seguro S.A.

      7,300         79,230  

Redecard S.A.

      31,900         619,884  

Tim Participacoes S.A.

      11,700         74,396  

Tractebel Energia S.A.

      8,100         144,302  

Vale S.A.

      48,800         1,140,085  
     

 

 

  
Total Brazil               3,547,276  
Canada – 1.9%      

Baytex Energy Corp.(a)

      2,995         155,196  

Brookfield Asset Management, Inc. Class A(a)

      5,991         188,641  

Centerra Gold, Inc.

      4,593         71,277  

Pembina Pipeline Corp.(a)

      7,085         199,765  

Potash Corp. of Saskatchewan, Inc.

      1,597         72,767  

RioCan Real Estate Investment Trust(a)

      8,400         227,177  

Teck Resources Ltd. Class B

      3,794         135,179  
     

 

 

  
Total Canada               1,050,002  
Chile – 0.9%      

Banco de Credito e Inversiones

      1,456         101,698  

Cencosud S.A.

      13,884         91,985  

Quinenco S.A.

      16,923         53,315  

SACI Falabella

      17,315         167,283  

Sociedad Matriz Banco de Chile Class B

      167,074         64,006  
     

 

 

  
Total Chile               478,287  
China – 3.0%      

Air China Ltd. Class H

      46,000         31,875  

China Coal Energy Co., Ltd. Class H

      39,000         43,752  

China Merchants Bank Co., Ltd. Class H

      38,500         78,746  

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

      24,000         30,263  
     

China Petroleum & Chemical Corp. Class H

      258,000       $ 281,128  

China Shenhua Energy Co., Ltd. Class H

      51,500         217,237  

Dongfeng Motor Group Co., Ltd. Class H

      91,100         164,506  

Great Wall Motor Co., Ltd. Class H*

      35,500         69,043  

Guangzhou Automobile Group Co., Ltd. Class H

      102,000         101,159  

PetroChina Co., Ltd. Class H

      416,000         588,315  

Yanzhou Coal Mining Co., Ltd. Class H

      24,000         52,056  

Zhaojin Mining Industry Co., Ltd. Class H

      19,000         31,862  
     

 

 

  
Total China               1,689,942  
Denmark – 1.4%      

H. Lundbeck A/S(a)

      3,398         68,002  

Novo Nordisk A/S Class B

      4,629         640,091  

Novozymes A/S Class B

      1,849         53,783  
     

 

 

  
Total Denmark               761,876  
Finland – 0.4%      

Metso Oyj(a)

      3,675         156,853  

Nokian Renkaat Oyj

      1,562         76,007  
     

 

 

  
Total Finland               232,860  
France – 4.0%      

Bureau Veritas S.A.

      1,076         94,572  

Christian Dior S.A.

      2,193         335,994  

Dassault Systemes S.A.

      697         64,036  

Hermes International(a)

      698         234,845  

LVMH Moet Hennessy Louis Vuitton S.A.

      5,131         880,426  

Schneider Electric S.A.

      9,013         588,008  

SEB S.A.

      554         46,007  
     

 

 

  
Total France               2,243,888  
Germany – 3.2%      

Aixtron SE N.A.

      1,455         25,305  

Bayerische Motoren Werke AG

      7,257         651,653  

Fraport AG Frankfurt Airport Services Worldwide

      1,331         83,219  

K+S AG

      2,089         109,121  

Linde AG

      1,946         348,685  

SMA Solar Technology AG(a)

      835         37,785  

Software AG

      739         27,634  

Volkswagen AG

      2,975         478,982  
     

 

 

  
Total Germany               1,762,384  
Hong Kong – 7.8%      

Cathay Pacific Airways Ltd.

      135,000         250,039  

Cheung Kong Holdings Ltd.

      34,000         439,232  

China Merchants Holdings International Co., Ltd.

      48,000         160,742  

China Resources Enterprise Ltd.

      24,000         83,771  

China Unicom Hong Kong Ltd.

      82,000         138,990  

Citic Pacific Ltd.

      49,000         82,550  

CNOOC Ltd.

      638,000         1,311,499  

Fosun International Ltd.

      105,500         62,778  

Hang Lung Group Ltd.

      13,000         84,138  

Hang Lung Properties Ltd.

      57,000         208,868  

Hong Kong & China Gas Co., Ltd.

      84,000         215,301  

Hutchison Whampoa Ltd.

      54,000         539,722  

Hysan Development Co., Ltd.

      13,000         52,074  

MTR Corp., Ltd.

      71,500         256,015  

 

See Notes to Financial Statements.

 

64   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

New World Development Co., Ltd.

      68,000       $ 81,716  

Shanghai Industrial Holdings Ltd.

      25,000         77,119  

SJM Holdings Ltd.

      62,000         126,172  

Wharf Holdings Ltd.

      31,352         170,409  
     

 

 

  
Total Hong Kong               4,341,135  
Indonesia – 2.3%      

Astra International Tbk PT

      59,600         482,001  

Bank Mandiri Persero Tbk PT

      210,501         157,692  

Bank Negara Indonesia Persero Tbk PT

      117,500         51,400  

Bank Rakyat Indonesia Persero Tbk PT

      212,489         161,505  

Indofood Sukses Makmur Tbk PT

      90,500         48,001  

United Tractors Tbk PT

      58,900         212,566  

Vale Indonesia Tbk PT

      366,500         135,273  

XL Axiata Tbk PT

      90,761         50,125  
     

 

 

  
Total Indonesia               1,298,563  
Ireland – 0.1%      

Dragon Oil PLC

      5,424         54,077  
Italy – 1.8%      

Banca Monte dei Paschi di Siena SpA(a)

      129,738         54,613  

Mediobanca SpA

      12,944         75,914  

Saipem SpA

      4,513         232,766  

Snam SpA

      118,291         568,046  

Tod’s SpA

      480         53,918  
     

 

 

  
Total Italy               985,257  
Japan – 2.0%      

Daihatsu Motor Co., Ltd.(a)

      6,000         110,529  

FANUC Corp.

      2,100         374,604  

Isuzu Motors Ltd.

      12,000         70,721  

JGC Corp.

      2,000         62,337  

Komatsu Ltd.

      8,000         229,321  

Mitsubishi Chemical Holdings Corp.

      13,500         72,507  

Sega Sammy Holdings, Inc.

      3,800         80,068  

SMC Corp.

      400         63,965  

Softbank Corp.*

      1,100         32,708  
     

 

 

  
Total Japan               1,096,760  
Malaysia – 0.9%      

Genting Bhd

      15,200         53,784  

Hong Leong Financial Group Bhd

      14,400         57,816  

Petronas Dagangan Bhd

      23,300         144,052  

RHB Capital Bhd

      36,700         92,244  

YTL Power International Bhd

      229,900         138,833  
     

 

 

  
Total Malaysia               486,729  
Mexico – 2.6%      

Alfa S.A.B de C.V. Class A

      4,200         60,388  

Arca Continental S.A.B de C.V.

      17,298         82,571  

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

      133,574         421,247  

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

      10,455         506,333  

Wal-Mart de Mexico S.A.B de C.V. Series V

      115,429         386,821  
     

 

 

  
Total Mexico               1,457,360  
Netherlands – 0.2%      

Randstad Holding N.V.

      3,716         139,996  
     
Norway – 0.2%      

Yara International ASA

      2,746       $ 130,752  
Philippines – 0.7%      

Aboitiz Equity Ventures, Inc.

      127,300         148,544  

Aboitiz Power Corp.

      190,500         150,412  

Manila Electric Co.

      15,310         93,425  
     

 

 

  
Total Philippines               392,381  
Poland – 0.1%      

KGHM Polska Miedz S.A.

      1,869         85,755  
Portugal – 0.5%      

Portugal Telecom, SGPS, S.A.

      50,335         273,420  
Russia – 6.9%      

Gazprom Neft JSC ADR

      18,671         498,329  

Gazprom OAO ADR

      125,211         1,527,574  

Magnitogorsk Iron & Steel Works Reg S GDR*

      6,291         37,148  

Mechel ADR*(a)

      2,600         23,348  

MMC Norilsk Nickel OJSC ADR

      35,375         647,363  

NovaTek OAO Reg S GDR

      599         81,164  

Novolipetsk Steel OJSC Reg S GDR

      6,423         133,470  

Rosneft Oil Co. Reg S GDR

      66,999         474,353  

Sistema JSFC Reg S GDR

      2,044         40,246  

Tatneft ADR

      5,791         236,273  

Uralkali OJSC Reg S GDR

      4,494         169,469  
     

 

 

  
Total Russia               3,868,737  
Singapore – 0.6%      

Jardine Cycle & Carriage Ltd.

      6,390         245,416  

Yangzijiang Shipbuilding Holdings Ltd.

      64,626         68,360  
     

 

 

  
Total Singapore               313,776  
South Africa – 2.5%      

Kumba Iron Ore Ltd.(a)

      13,420         919,871  

Vodacom Group Ltd.

      35,349         498,139  
     

 

 

  
Total South Africa               1,418,010  
South Korea – 3.4%      

Daewoo Shipbuilding & Marine Engineering Co., Ltd.

      1,260         33,695  

GS Holdings

      838         48,000  

Hankook Tire Co., Ltd.

      1,000         37,024  

Hanwha Chem Corp.

      810         19,195  

Honam Petrochemical Corp.

      98         29,105  

Hyundai Engineering & Construction Co., Ltd.

      625         44,570  

Hyundai Heavy Industries Co., Ltd.

      682         193,516  

Hyundai Mobis

      252         63,720  

Hyundai Motor Co.

      868         178,495  

Kangwon Land, Inc.

      4,490         99,663  

Kia Motors Corp.

      1,713         112,028  

LG Chem Ltd.

      320         104,497  

OCI Co., Ltd.

      113         22,988  

POSCO

      1,158         388,368  

Samsung C&T Corp.

      619         43,377  

Samsung Engineering Co., Ltd.

      256         54,677  

Samsung Heavy Industries Co., Ltd.

      1,590         52,974  

Samsung Life Insurance Co., Ltd.*

      1,455         127,130  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      65   

Table of Contents

Schedule of Investments (continued)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

SK Holdings Co., Ltd.

      308       $ 40,095  

SK Innovation Co., Ltd.

      526         76,831  

S-Oil Corp.

      1,159         114,565  
     

 

 

  
Total South Korea               1,884,513  
Spain – 3.4%      

CaixaBank(a)

      133,644         519,505  

Endesa S.A.

      28,983         576,634  

Repsol YPF S.A.

      31,140         780,035  
     

 

 

  
Total Spain               1,876,174  
Sweden – 0.9%      

Boliden AB

      7,261         113,697  

Lundbergforetagen AB Class B

      1,684         57,738  

Scania AB Class B

      15,718         325,950  
     

 

 

  
Total Sweden               497,385  
Switzerland – 1.9%      

Cie Financiere Richemont S.A. Class A

      2,259         141,461  

Swatch Group AG (The)

      2,264         181,726  

Swiss Re AG*

      11,588         739,114  
     

 

 

  
Total Switzerland               1,062,301  
Taiwan – 6.8%      

Advanced Semiconductor Engineering, Inc.

      40,136         40,388  

Chang Hwa Commercial Bank

      57,770         32,981  

Cheng Shin Rubber Industry Co., Ltd.

      32,400         77,832  

China Steel Corp.

      242,550         247,773  

Chinatrust Financial Holding Co., Ltd.

      165,083         103,755  

Far Eastern New Century Corp.

      83,430         96,533  

Formosa Chemicals & Fibre Corp.

      136,000         397,201  

Formosa Plastics Corp.

      133,000         391,594  

HTC Corp.

      11,550         233,626  

Nan Ya Plastics Corp.

      108,000         244,070  

President Chain Store Corp.

      15,000         83,349  

Taiwan Cement Corp.

      88,000         103,014  

Taiwan Semiconductor Manufacturing Co., Ltd.

      590,000         1,697,166  

Uni-President Enterprises Corp.

      50,880         70,421  
     

 

 

  
Total Taiwan               3,819,703  
Thailand – 4.6%      

Bank of Ayudhya PCL NVDR

      77,400         67,741  

Banpu PCL

      3,500         68,979  

Charoen Pokphand Foods PCL

      156,920         189,474  

CP ALL PCL

      82,778         175,752  

Indorama Ventures PCL

      39,541         48,385  

IRPC PCL

      379,800         57,616  

Kasikornbank PCL NVDR

      39,400         196,681  

Krung Thai Bank PCL

      193,700         109,878  

PTT Exploration & Production PCL

      57,000         322,415  

PTT Global Chemical PCL

      59,310         136,500  

PTT PCL

      50,200         576,039  

Siam Cement PCL NVDR

      27,275         313,861  

Thai Oil PCL

      31,900         74,968  

Total Access Communication PCL NVDR

      87,400         232,311  
     

 

 

  
Total Thailand               2,570,600  
     
Turkey – 1.0%      

BIM Birlesik Magazalar A.S.

      2,027       $ 76,741  

KOC Holding A.S.

      53,826         218,577  

Tupras Turkiye Petrol Rafinerileri A.S.

      9,781         249,613  
     

 

 

  
Total Turkey               544,931  
United Kingdom – 25.4%      

Admiral Group PLC

      7,065         133,990  

Aggreko PLC

      1,844         66,291  

AMEC PLC

      4,975         88,073  

Anglo American PLC

      11,475         428,470  

Antofagasta PLC

      36,672         674,988  

ARM Holdings PLC

      4,754         44,966  

Ashmore Group PLC

      17,009         99,872  

Babcock International Group PLC

      4,550         57,904  

BHP Billiton PLC

      34,080         1,038,659  

British Sky Broadcasting Group PLC

      27,555         297,616  

Burberry Group PLC

      3,496         83,618  

Croda International PLC

      1,714         57,674  

Eurasian Natural Resources Corp. PLC

      19,906         188,443  

Ferrexpo PLC

      5,472         26,718  

Fresnillo PLC

      10,790         275,491  

IMI PLC

      5,502         85,491  

Intertek Group PLC

      1,520         60,982  

John Wood Group PLC

      2,819         32,272  

Johnson Matthey PLC

      2,862         107,871  

Kazakhmys PLC

      5,052         73,292  

London Stock Exchange Group PLC

      4,791         79,151  

National Grid PLC

      114,474         1,153,190  

Next PLC

      4,068         193,884  

Rio Tinto PLC

      15,955         878,458  

Royal Dutch Shell PLC Class A

      96,582         3,369,444  

Royal Dutch Shell PLC Class B

      83,067         2,919,184  

SABMiller PLC

      21,066         844,653  

SSE PLC

      30,666         651,165  

Vedanta Resources PLC

      4,043         79,325  

Weir Group PLC (The)

      1,892         53,325  
     

 

 

  
Total United Kingdom               14,144,460  
TOTAL COMMON STOCKS
(Cost: $57,292,590)		               55,216,477  
EXCHANGE-TRADED FUNDS – 0.7%      
United States – 0.7%      

WisdomTree DEFA Fund(a)(b)

      1,560         70,044  

WisdomTree Emerging Markets Equity Income Fund(a)(b)

      809         46,606  

WisdomTree India Earnings Fund(a)(b)

      13,939         268,744  
     

 

 

  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $412,281)		               385,394  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $1,540)		      1,540         1,540  

 

See Notes to Financial Statements.

 

66   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.0%      
MONEY MARKET FUND – 5.0%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $2,801,979)(d)      2,801,979       $ 2,801,979  
TOTAL INVESTMENTS IN SECURITIES – 104.7%
(Cost: $60,508,390)		          58,405,390   

Liabilities in Excess of Foreign Currency and Other
Assets – (4.7)%

   

      (2,631,256 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 55,774,134   

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $2,668,103 and the total market value of the collateral held by the Fund was $2,801,979.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      67   

Table of Contents

Schedule of Investments

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.8%      
Japan – 98.8%      
Advertising – 0.5%      

Asatsu-DK, Inc.

      10,739       $ 310,445  

Moshi Moshi Hotline, Inc.

      64,200         645,160  
     

 

 

  
Total Advertising         955,605  
Aerospace/Defense – 0.0%      

Sumitomo Precision Products Co., Ltd.

      12,895         76,779  

Agriculture – 0.3%

      

Hokuto Corp.

      21,591         457,295  

Sakata Seed Corp.

      8,400         117,383  
     

 

 

  
Total Agriculture         574,678  
Airlines – 0.1%      

Skymark Airlines, Inc.*

      14,412         124,865  
Apparel – 1.5%      

Atsugi Co., Ltd.

      167,189         215,348  

Descente Ltd.

      12,000         75,387  

Gunze Ltd.

      125,503         369,059  

Japan Wool Textile Co., Ltd. (The)

      48,402         379,358  

Onward Holdings Co., Ltd.

      125,670         1,030,771  

Sanyo Shokai Ltd.

      134,260         365,444  

Wacoal Holdings Corp.(a)

      40,000         476,821  
     

 

 

  
Total Apparel         2,912,188  
Auto Manufacturers – 0.5%      

Nissan Shatai Co., Ltd.

      41,923         441,161  

Shinmaywa Industries Ltd.

      92,801         464,597  
     

 

 

  
Total Auto Manufacturers         905,758  
Auto Parts & Equipment – 4.1%      

Aisan Industry Co., Ltd.

      20,863         221,572  

Akebono Brake Industry Co., Ltd.(a)

      62,900         362,289  

Calsonic Kansei Corp.

      40,000         245,458  

Exedy Corp.

      12,944         371,042  

FCC Co., Ltd.

      18,260         410,265  

Keihin Corp.(a)

      20,821         387,603  

KYB Co., Ltd.(a)

      47,000         287,271  

Musashi Seimitsu Industry Co., Ltd.

      10,582         253,572  

Nidec-Tosok Corp.

      11,601         134,484  

Nifco, Inc.

      20,986         576,831  

Nippon Seiki Co., Ltd.

      5,000         63,309  

Nissin Kogyo Co., Ltd.(a)

      22,800         374,297  

Riken Corp.

      58,687         270,989  

Sanden Corp.

      39,963         131,114  

Sanoh Industrial Co., Ltd.

      26,597         227,850  

T RAD Co., Ltd.

      40,000         165,259  

Tachi-S Co., Ltd.

      6,600         130,565  

Taiho Kogyo Co., Ltd.

      14,200         178,934  

Tokai Rika Co., Ltd.

      37,700         650,055  

Topre Corp.

      12,600         133,051  

Toyo Tire & Rubber Co., Ltd.

      125,682         352,786  

TPR Co., Ltd.

      4,400         73,088  

TS Tech Co., Ltd.

      21,024         414,630  

Unipres Corp.

      9,103         283,283  
     

Yokohama Rubber Co., Ltd. (The)

      166,637       $ 1,206,825  
     

 

 

  
Total Auto Parts & Equipment         7,906,422  
Banks – 10.1%      

77 Bank Ltd. (The)

      151,000         669,725  

Akita Bank Ltd. (The)

      125,892         414,566  

Aomori Bank Ltd. (The)(a)

      126,102         392,273  

Awa Bank Ltd. (The)(a)

      82,378         508,512  

Bank of Iwate Ltd. (The)(a)

      7,100         323,531  

Bank of Nagoya Ltd. (The)

      126,000         454,730  

Bank of Saga Ltd. (The)

      131,083         375,911  

Bank of the Ryukyus Ltd.

      16,700         228,295  

Chukyo Bank Ltd. (The)

      48,000         124,819  

Daisan Bank Ltd. (The)

      125,602         268,618  

Daishi Bank Ltd. (The)

      238,552         843,534  

Ehime Bank Ltd. (The)

      126,144         361,747  

FIDEA Holdings Co., Ltd.

      83,176         226,398  

Fukui Bank Ltd. (The)

      172,667         549,714  

Higo Bank Ltd. (The)

      104,000         619,236  

Hokkoku Bank Ltd. (The)

      170,621         644,792  

Hokuetsu Bank Ltd. (The)

      208,003         447,373  

Hyakugo Bank Ltd. (The)

      126,000         583,340  

Hyakujushi Bank Ltd. (The)

      177,000         828,058  

Juroku Bank Ltd. (The)

      218,000         754,967  

Kagoshima Bank Ltd. (The)

      85,000         545,355  

Keiyo Bank Ltd. (The)

      139,396         672,461  

Kiyo Holdings, Inc.

      502,593         751,187  

Michinoku Bank Ltd. (The)(a)

      74,000         151,965  

Mie Bank Ltd. (The)

      125,691         303,937  

Miyazaki Bank Ltd. (The)

      125,000         356,948  

Musashino Bank Ltd. (The)

      18,778         649,854  

Ogaki Kyoritsu Bank Ltd. (The)

      210,423         761,967  

Oita Bank Ltd. (The)

      113,000         362,501  

San-In Godo Bank Ltd. (The)

      65,000         517,346  

Sapporo Hokuyo Holdings, Inc.

      89,648         332,252  

Senshu Ikeda Holdings, Inc.

      595,900         832,718  

Shiga Bank Ltd. (The)

      89,923         540,882  

Shikoku Bank Ltd. (The)

      122,000         459,566  

Tochigi Bank Ltd. (The)

      61,679         230,842  

Toho Bank Ltd. (The)

      208,000         715,280  

Tohoku Bank Ltd. (The)

      87,175         158,895  

Tokyo Tomin Bank Ltd. (The)

      12,921         156,694  

TOMONY Holdings, Inc.

      89,929         439,291  

Tsukuba Bank Ltd.

      45,700         161,043  

Yamagata Bank Ltd. (The)

      82,354         393,282  

Yamanashi Chuo Bank Ltd. (The)

      86,066         384,863  
     

 

 

  
Total Banks               19,499,268  
Beverages – 1.7%      

Coca-Cola Central Japan Co., Ltd.

      35,523         463,165  

Ito En Ltd.

      49,584         894,735  

Kagome Co., Ltd.(a)

      14,600         287,405  

Mikuni Coca-Cola Bottling Co., Ltd.

      46,154         396,511  

Sapporo Holdings Ltd.

      159,000         591,215  

 

See Notes to Financial Statements.

 

68   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Takara Holdings, Inc.

      96,000       $ 656,759  
     

 

 

  
Total Beverages               3,289,790  
Biotechnology – 0.1%      

Eiken Chemical Co., Ltd.

      12,629         170,648  
Building Materials – 2.0%      

Asahi Organic Chemicals Industry Co., Ltd.

      41,000         110,602  

Bunka Shutter Co., Ltd.

      42,000         153,108  

Central Glass Co., Ltd.

      63,933         282,006  

Cleanup Corp.

      27,137         221,923  

Daiken Corp.

      62,901         218,600  

Fujitec Co., Ltd.

      40,632         269,580  

Nichias Corp.

      53,827         299,566  

Nichiha Corp.

      14,100         175,618  

Okabe Co., Ltd.

      21,400         126,899  

Sanwa Holdings Corp.

      148,807         584,053  

Sumitomo Osaka Cement Co., Ltd.

      136,404         399,458  

Taiheiyo Cement Corp.(a)

      285,000         637,220  

Takara Standard Co., Ltd.

      64,063         476,415  
     

 

 

  
Total Building Materials               3,955,048  
Chemicals – 5.4%      

ADEKA Corp.

      57,935         553,338  

Aica Kogyo Co., Ltd.

      38,771         559,693  

Chugoku Marine Paints Ltd.

      41,000         252,591  

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

      41,618         196,218  

Fujimi, Inc.

      25,800         323,225  

Hodogaya Chemical Co., Ltd.(a)

      41,500         138,174  

Koatsu Gas Kogyo Co., Ltd.

      11,000         67,768  

Kureha Corp.

      96,648         467,415  

Nihon Nohyaku Co., Ltd.

      40,000         179,355  

Nihon Parkerizing Co., Ltd.

      30,000         447,293  

Nippon Carbon Co., Ltd.

      46,000         130,239  

Nippon Chemical Industrial Co., Ltd.

      46,000         79,373  

Nippon Kayaku Co., Ltd.

      89,931         926,684  

Nippon Soda Co., Ltd.

      53,091         244,504  

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

      40,000         247,403  

Nissan Chemical Industries Ltd.(a)

      90,000         849,748  

NOF Corp.

      112,000         548,466  

Sanyo Chemical Industries Ltd.

      51,208         343,482  

Shikoku Chemicals Corp.

      6,000         35,652  

Stella Chemifa Corp.

      4,000         96,336  

Sumitomo Bakelite Co., Ltd.(a)

      127,010         672,901  

Sumitomo Seika Chemicals Co., Ltd.

      41,835         194,700  

Taiyo Holdings Co., Ltd.(a)

      26,100         704,077  

Takasago International Corp.(a)

      42,000         199,040  

Toagosei Co., Ltd.

      110,000         509,265  

Tokai Carbon Co., Ltd.

      80,974         433,921  

Tokuyama Corp.(a)

      98,000         306,045  

Toyo Ink SC Holdings Co., Ltd.

      179,920         745,522  
     

 

 

  
Total Chemicals         10,452,428  
Coal – 0.1%      

Mitsui Matsushima Co., Ltd.(a)

      65,954         140,251  
     
Commercial Services – 2.6%      

Aeon Delight Co., Ltd.

      17,900       $ 379,338  

Kanamoto Co., Ltd.

      34,228         409,264  

Kyoritsu Maintenance Co., Ltd.

      12,625         266,936  

Meiko Network Japan Co., Ltd.

      2,700         26,280  

Meitec Corp.

      11,900         241,340  

Nichii Gakkan Co.

      29,200         393,142  

Nissin Corp.

      59,556         158,488  

Nomura Co., Ltd.

      41,533         150,396  

Park24 Co., Ltd.

      109,551         1,484,286  

Sohgo Security Services Co., Ltd.

      51,658         616,418  

Toppan Forms Co., Ltd.

      95,200         878,022  
     

 

 

  
Total Commercial Services               5,003,910  
Computers – 2.3%      

DTS Corp.

      27,463         360,411  

Ines Corp.

      37,600         301,549  

Information Services International-Dentsu Ltd.

      14,800         119,774  

Melco Holdings, Inc.

      10,462         266,079  

NEC Fielding Ltd.

      51,616         676,756  

NEC Networks & System Integration Corp.

      29,268         420,375  

NS Solutions Corp.

      29,190         565,391  

Otsuka Corp.

      14,300         1,169,439  

Roland DG Corp.

      6,100         73,457  

SCSK Corp.

      29,351         467,933  
     

 

 

  
Total Computers               4,421,164  
Cosmetics/Personal Care – 1.7%      

Fancl Corp.

      40,007         541,562  

Kose Corp.

      22,704         517,285  

Lion Corp.

      124,629         717,834  

Mandom Corp.

      12,860         324,411  

Pigeon Corp.

      12,600         472,337  

Pola Orbis Holdings, Inc.

      20,833         625,281  
     

 

 

  
Total Cosmetics/Personal Care               3,198,710  
Distribution/Wholesale – 3.3%      

Ai Holdings Corp.

      84,854         452,651  

Canon Marketing Japan, Inc.

      66,500         857,361  

Chori Co., Ltd.

      126,000         156,170  

Daiwabo Holdings Co., Ltd.

      86,392         194,210  

Doshisha Co., Ltd.

      7,600         220,164  

Fuji Electronics Co., Ltd.

      14,484         221,233  

Hakuto Co., Ltd.

      23,683         237,132  

Inabata & Co., Ltd.

      50,141         349,729  

Itochu Enex Co., Ltd.

      110,081         654,106  

Iwatani Corp.

      94,166         315,813  

Japan Pulp & Paper Co., Ltd.

      54,000         194,884  

Matsuda Sangyo Co., Ltd.

      12,563         207,310  

Nagase & Co., Ltd.

      39,904         496,527  

Paltac Corp.

      22,949         331,289  

Ryoden Trading Co., Ltd.

      40,079         243,021  

San-Ai Oil Co., Ltd.

      41,506         216,873  

Seika Corp.

      52,000         157,336  

Sinanen Co., Ltd.

      78,771         346,499  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      69   

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Tomen Electronics Corp.

      2,800       $ 38,311  

Yamazen Corp.

      41,806         350,521  

Yuasa Trading Co., Ltd.

      115,000         201,227  
     

 

 

  
Total Distribution/Wholesale               6,442,367  
Diversified Financial Services – 2.3%      

Century Tokyo Leasing Corp.

      56,999         1,157,365  

Hitachi Capital Corp.

      72,100         1,079,375  

Ichiyoshi Securities Co., Ltd.

      54,716         386,958  

Jaccs Co., Ltd.

      102,000         365,636  

Okasan Securities Group, Inc.

      112,000         474,974  

Tokai Tokyo Financial Holdings, Inc.

      236,106         886,527  
     

 

 

  
Total Diversified Financial Services               4,350,835  
Electric – 0.1%      

Okinawa Electric Power Co., Inc. (The)

      6,770         281,346  
Electrical Components & Equipment – 0.6%      

Fujikura Ltd.

      88,000         295,133  

Kyosan Electric Manufacturing Co., Ltd.

      40,000         172,550  

Nippon Signal Co., Ltd. (The)

      32,242         202,553  

Nissin Electric Co., Ltd.

      24,000         146,109  

Takaoka Electric Manufacturing Co., Ltd.(a)

      40,000         124,430  

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

      33,060         199,658  
     

 

 

  
Total Electrical Components & Equipment               1,140,433  
Electronics – 4.8%      

Alps Electric Co., Ltd.

      82,900         733,352  

Anritsu Corp.

      37,000         487,368  

Azbil Corp.

      44,100         980,655  

Cosel Co., Ltd.

      7,800         109,188  

Eizo Nanao Corp.

      16,008         344,300  

Fujitsu General Ltd.(a)

      37,000         279,203  

Horiba Ltd.

      6,100         210,214  

Idec Corp.

      17,693         176,296  

Inaba Denki Sangyo Co., Ltd.

      19,594         591,427  

Japan Aviation Electronics Industry Ltd.(a)

      39,000         339,790  

Kaga Electronics Co., Ltd.

      24,659         260,089  

Koa Corp.

      12,400         133,349  

Kuroda Electric Co., Ltd.

      20,802         230,277  

Mitsumi Electric Co., Ltd.*

      34,991         303,160  

Nichicon Corp.(a)

      17,674         214,120  

Nidec Copal Corp.

      27,600         362,209  

Nihon Dempa Kogyo Co., Ltd.(a)

      9,600         145,467  

Nohmi Bosai Ltd.

      35,843         246,953  

Osaki Electric Co., Ltd.

      20,000         200,012  

Ryosan Co., Ltd.

      33,900         685,456  

Sanshin Electronics Co., Ltd.

      27,691         234,530  

Sanyo Denki Co., Ltd.

      30,382         186,438  

Shinko Shoji Co., Ltd.

      28,338         248,618  

Siix Corp.

      8,957         138,445  

SMK Corp.

      42,150         146,996  

Star Micronics Co., Ltd.

      27,934         278,338  

Taiyo Yuden Co., Ltd.(a)

      19,500         208,992  

Tamura Corp.

      40,000         111,307  

Tokyo Seimitsu Co., Ltd.

      7,300         152,307  
     

Toyo Corp.

      46,100       $ 504,162  

Ulvac, Inc.*(a)

      8,220         90,795  
     

 

 

  
Total Electronics               9,333,813  
Engineering & Construction – 5.3%      

COMSYS Holdings Corp.(a)

      72,807         792,698  

Hibiya Engineering Ltd.

      10,000         110,821  

Japan Airport Terminal Co., Ltd.

      20,987         277,719  

Kandenko Co., Ltd.

      126,138         616,167  

Kyowa Exeo Corp.

      63,066         570,924  

Kyudenko Corp.

      6,000         35,434  

Maeda Corp.

      110,609         489,236  

Maeda Road Construction Co., Ltd.

      41,694         521,333  

Nippo Corp.

      39,358         439,516  

Nippon Densetsu Kogyo Co., Ltd.

      30,000         299,289  

Nippon Koei Co., Ltd.

      51,583         180,520  

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

      56,596         242,078  

Nishimatsu Construction Co., Ltd.

      193,037         455,060  

Okumura Corp.

      146,096         576,963  

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

      63,000         202,868  

Raito Kogyo Co., Ltd.(a)

      37,800         223,231  

Sanki Engineering Co., Ltd.

      48,718         264,621  

Shinko Plantech Co., Ltd.

      29,208         250,217  

Taihei Dengyo Kaisha Ltd.(a)

      21,000         172,757  

Taihei Kogyo Co., Ltd.

      40,047         218,982  

Taikisha Ltd.

      14,065         290,204  

Takasago Thermal Engineering Co., Ltd.(a)

      72,872         570,260  

Toa Corp.

      67,000         131,077  

Toda Corp.

      154,072         520,469  

Toenec Corp.

      5,000         29,163  

Tokyo Energy & Systems, Inc.

      38,000         225,336  

Toshiba Plant Systems & Services Corp.

      40,000         462,726  

Totetsu Kogyo Co., Ltd.

      26,000         278,972  

Toyo Engineering Corp.

      41,223         197,362  

Tsukishima Kikai Co., Ltd.

      31,000         275,363  

Yokogawa Bridge Holdings Corp.

      25,000         174,980  

Yurtec Corp.

      40,000         214,837  
     

 

 

  
Total Engineering & Construction               10,311,183  
Entertainment – 0.9%      

Avex Group Holdings, Inc.

      36,567         444,341  

Mars Engineering Corp.

      23,014         513,162  

Shochiku Co., Ltd.

      28,000         265,387  

Toei Co., Ltd.

      56,405         292,666  

Tokyotokeiba Co., Ltd.

      208,475         321,725  
     

 

 

  
Total Entertainment               1,837,281  
Environmental Control – 0.6%      

Asahi Holdings, Inc.(a)

      22,200         482,063  

Daiseki Co., Ltd.

      12,400         230,988  

Hitachi Zosen Corp.

      290,175         380,812  
     

 

 

  
Total Environmental Control               1,093,863  
Food – 5.1%      

Ariake Japan Co., Ltd.

      20,528         397,863  

Ezaki Glico Co., Ltd.

      47,865         577,556  

 

See Notes to Financial Statements.

 

70   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Fuji Oil Co., Ltd.

      37,900       $ 542,054  

House Foods Corp.

      38,500         661,978  

Itoham Foods, Inc.

      46,000         174,956  

Izumiya Co., Ltd.

      41,872         227,944  

J-Oil Mills, Inc.(a)

      125,981         364,341  

Kasumi Co., Ltd.

      37,679         254,108  

Kato Sangyo Co., Ltd.

      22,916         455,006  

Kewpie Corp.

      46,500         688,784  

Kyokuyo Co., Ltd.(a)

      79,000         190,072  

Marudai Food Co., Ltd.

      99,000         386,160  

Maruha Nichiro Holdings, Inc.

      243,327         428,731  

Mitsui Sugar Co., Ltd.

      64,879         217,590  

Morinaga & Co., Ltd.

      208,439         486,303  

Morinaga Milk Industry Co., Ltd.

      113,411         447,884  

Nichirei Corp.

      157,096         740,668  

Nippon Beet Sugar Manufacturing Co., Ltd.

      123,885         276,989  

Nippon Flour Mills Co., Ltd.

      116,766         539,171  

Nippon Suisan Kaisha Ltd.(a)

      204,051         699,221  

Nisshin Oillio Group Ltd. (The)

      94,477         392,626  

Prima Meat Packers Ltd.

      126,000         235,786  

Yokohama Reito Co., Ltd.

      49,862         390,195  

Yonekyu Corp.

      5,000         45,325  
     

 

 

  
Total Food               9,821,311  
Forest Products & Paper – 0.5%      

Daio Paper Corp.

      41,597         249,698  

Hokuetsu Kishu Paper Co., Ltd.(a)

      103,132         690,513  
     

 

 

  
Total Forest Products & Paper               940,211  
Gas – 0.5%      

Saibu Gas Co., Ltd.

      292,362         792,232  

Shizuoka Gas Co., Ltd.

      30,392         218,260  
     

 

 

  
Total Gas               1,010,492  
Hand/Machine Tools – 0.9%      

Asahi Diamond Industrial Co., Ltd.(a)

      24,000         282,885  

Hitachi Koki Co., Ltd.

      77,927         716,820  

Meidensha Corp.*(a)

      40,000         146,303  

OSG Corp.(a)

      24,400         371,211  

Union Tool Co.

      8,700         163,016  
     

 

 

  
Total Hand/Machine Tools               1,680,235  
Healthcare-Products – 1.0%      

Hogy Medical Co., Ltd.

      10,000         448,994  

Nihon Kohden Corp.

      20,779         559,527  

Nipro Corp.(a)

      77,396         580,270  

Paramount Bed Holdings Co., Ltd.

      13,473         398,976  
     

 

 

  
Total Healthcare-Products               1,987,767  
Healthcare-Services – 0.2%      

Ain Pharmaciez, Inc.

      3,644         196,823  

BML, Inc.

      9,494         242,844  

CMIC Holdings Co., Ltd.

      2,500         41,862  
     

 

 

  
Total Healthcare-Services               481,529  
Home Builders – 0.7%      

Mitsui Home Co., Ltd.

      57,910         315,956  
     

PanaHome Corp.

      106,177       $ 728,963  

Token Corp.

      8,297         321,616  
     

 

 

  
Total Home Builders               1,366,535  
Home Furnishings – 1.1%      

Alpine Electronics, Inc.

      26,300         356,973  

Canon Electronics, Inc.

      23,400         601,670  

Foster Electric Co., Ltd.(a)

      17,800         261,717  

Hoshizaki Electric Co., Ltd.

      18,540         439,760  

Nidec Sankyo Corp.

      75,000         454,766  
     

 

 

  
Total Home Furnishings         2,114,886  
Household Products/Wares – 0.3%      

Kokuyo Co., Ltd.

      65,903         494,903  

Mitsubishi Pencil Co., Ltd.

      7,000         122,571  
     

 

 

  
Total Household Products/Wares         617,474  
Housewares – 0.1%      

Noritake Co., Ltd.

      48,099         146,702  
Internet – 0.5%      

GMO Internet, Inc.

      54,621         275,445  

Gurunavi, Inc.

      12,465         134,957  

Macromill, Inc.

      18,800         179,102  

Monex Group, Inc.(a)

      1,583         348,166  
     

 

 

  
Total Internet         937,670  
Iron/Steel – 1.5%      

Aichi Steel Corp.

      66,314         344,080  

Daido Metal Co., Ltd.

      28,000         352,148  

Kyoei Steel Ltd.

      15,814         320,527  

Mitsubishi Steel Manufacturing Co., Ltd.

      40,000         137,554  

Nisshin Steel Co., Ltd.

      270,000         456,042  

Sanyo Special Steel Co., Ltd.(a)

      56,000         305,535  

Topy Industries Ltd.

      102,000         318,537  

Toyo Kohan Co., Ltd.

      42,000         172,501  

Yodogawa Steel Works Ltd.

      125,993         552,688  
     

 

 

  
Total Iron/Steel         2,959,612  
Leisure Time – 0.8%      

Daikoku Denki Co., Ltd.

      15,800         227,895  

HIS Co., Ltd.

      10,214         313,389  

Mizuno Corp.

      97,616         544,453  

Round One Corp.(a)

      65,095         431,883  
     

 

 

  
Total Leisure Time         1,517,620  
Lodging – 0.4%      

Resorttrust, Inc.(a)

      43,360         707,607  
Machinery-Construction & Mining – 0.3%      

Aichi Corp.

      38,915         178,745  

Modec, Inc.(a)

      15,388         320,120  
     

 

 

  
Total Machinery-Construction & Mining         498,865  
Machinery-Diversified – 2.4%      

Chugai Ro Co., Ltd.

      51,986         179,403  

CKD Corp.

      19,500         155,204  

Daifuku Co., Ltd.

      64,062         373,653  

Daihen Corp.

      57,391         207,819  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      71   

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Eagle Industry Co., Ltd.

      16,000       $ 166,815  

Hisaka Works Ltd.

      17,945         199,304  

Kinki Sharyo Co., Ltd.

      40,000         153,108  

Komori Corp.

      37,829         327,749  

Makino Milling Machine Co., Ltd.(a)

      17,000         146,461  

Max Co., Ltd.

      41,680         527,236  

Miura Co., Ltd.

      15,424         402,023  

Nippon Sharyo Ltd.(a)

      41,000         170,387  

Nippon Thompson Co., Ltd.

      30,000         190,291  

Organo Corp.

      23,000         155,951  

Sintokogio Ltd.

      15,765         176,816  

Torishima Pump Manufacturing Co., Ltd.

      12,400         170,416  

Toshiba Machine Co., Ltd.

      33,806         172,121  

Toyo Kanetsu K.K.

      62,192         138,297  

Tsubakimoto Chain Co.

      46,228         287,047  

Tsugami Corp.(a)

      32,000         366,681  
     

 

 

  
Total Machinery-Diversified         4,666,782  
Media – 0.2%      

Gakken Holdings Co., Ltd.

      81,000         167,325  

Kadokawa Group Holdings, Inc.(a)

      5,400         172,837  
     

 

 

  
Total Media         340,162  
Metal Fabricate/Hardware – 1.8%      

Daiichi Jitsugyo Co., Ltd.

      40,000         199,769  

Furukawa-Sky Aluminum Corp.

      104,000         334,893  

Hanwa Co., Ltd.

      144,114         658,447  

JFE Shoji Holdings, Inc.(a)

      124,000         650,926  

Kitz Corp.

      37,876         165,689  

Nachi-Fujikoshi Corp.

      40,000         230,877  

Neturen Co., Ltd.

      16,400         152,053  

Oiles Corp.

      14,893         294,983  

Onoken Co., Ltd.

      20,837         179,771  

Ryobi Ltd.

      60,000         228,932  

Shinsho Corp.

      55,000         130,324  

Tocalo Co., Ltd.

      6,600         131,527  

Toho Zinc Co., Ltd.

      41,967         190,214  
     

 

 

  
Total Metal Fabricate/Hardware         3,548,405  
Mining – 1.1%      

Dowa Holdings Co., Ltd.(a)

      126,000         842,093  

Mitsui Mining & Smelting Co., Ltd.

      210,000         594,568  

Nippon Coke & Engineering Co., Ltd.

      75,500         114,679  

Nippon Denko Co., Ltd.

      40,000         196,853  

Nippon Light Metal Co., Ltd.

      130,000         208,518  

Nittetsu Mining Co., Ltd.

      40,000         192,964  
     

 

 

  
Total Mining         2,149,675  
Miscellaneous Manufacturing – 1.8%      

Amano Corp.

      59,617         557,087  

Bando Chemical Industries Ltd.

      55,082         206,821  

JSP Corp.(a)

      12,123         181,930  

Mitsuboshi Belting Co., Ltd.

      41,525         231,101  

Morita Holdings Corp.

      26,102         168,103  

Nikkiso Co., Ltd.

      38,000         400,340  

Nippon Valqua Industries Ltd.

      60,042         169,996  
     

Okamoto Industries, Inc.

      42,000       $ 161,784  

Sekisui Plastics Co., Ltd.

      63,598         234,160  

Shinagawa Refractories Co., Ltd.

      46,187         126,278  

Shin-Etsu Polymer Co., Ltd.

      45,074         236,612  

Tamron Co., Ltd.

      14,366         465,920  

Tokai Rubber Industries Ltd.

      30,600         388,937  
     

 

 

  
Total Miscellaneous Manufacturing         3,529,069  
Office Furnishings – 0.1%      

Okamura Corp.

      41,676         291,699  
Office/Business Equipment – 0.6%      

Riso Kagaku Corp.

      14,806         245,402  

Sato Holdings Corp.

      22,864         323,672  

Toshiba TEC Corp.

      94,070         374,931  

Uchida Yoko Co., Ltd.

      47,388         151,444  
     

 

 

  
Total Office/Business Equipment         1,095,449  
Oil & Gas – 0.1%      

AOC Holdings, Inc.

      19,165         114,112  

Japan Drilling Co., Ltd.(a)

      4,184         132,849  
     

 

 

  
Total Oil & Gas         246,961  
Packaging & Containers – 0.7%      

Achilles Corp.

      127,000         182,101  

Fuji Seal International, Inc.

      5,600         106,699  

Nihon Yamamura Glass Co., Ltd.

      88,714         217,756  

Rengo Co., Ltd.

      117,424         817,595  
     

 

 

  
Total Packaging & Containers               1,324,151  
Pharmaceuticals – 3.2%      

Alfresa Holdings Corp.

      25,300         1,209,739  

ASKA Pharmaceutical Co., Ltd.

      17,442         107,032  

Fuso Pharmaceutical Industries Ltd.

      50,000         139,134  

Kaken Pharmaceutical Co., Ltd.

      53,261         675,025  

KYORIN Holdings, Inc.

      39,963         760,946  

Mochida Pharmaceutical Co., Ltd.

      64,055         759,678  

Nippon Shinyaku Co., Ltd.

      40,000         496,263  

Sawai Pharmaceutical Co., Ltd.(a)

      4,112         438,207  

Seikagaku Corp.

      35,655         399,898  

Ship Healthcare Holdings, Inc.

      16,534         340,746  

Toho Holdings Co., Ltd.

      34,300         612,686  

Towa Pharmaceutical Co., Ltd.

      3,100         154,444  
     

 

 

  
Total Pharmaceuticals               6,093,798  
Private Equity – 0.2%      

Jafco Co., Ltd.*

      12,900         314,604  
Real Estate – 0.9%      

Arnest One Corp.

      51,900         581,467  

Goldcrest Co., Ltd.

      19,744         362,755  

Heiwa Real Estate Co., Ltd.

      126,000         344,492  

Tokyu Livable, Inc.

      31,361         326,205  

Touei Housing Corp.

      14,100         149,746  
     

 

 

  
Total Real Estate               1,764,665  
Retail – 10.7%      

Alpen Co., Ltd.

      21,021         422,234  

AOKI Holdings, Inc.

      28,884         546,127  

 

See Notes to Financial Statements.

 

72   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Arc Land Sakamoto Co., Ltd.

      4,896       $ 93,047  

Arcs Co., Ltd.

      29,194         543,829  

ASKUL Corp.(a)

      19,365         342,379  

Belluna Co., Ltd.

      36,324         296,613  

Bookoff Corp.

      13,381         126,989  

Cawachi Ltd.

      3,900         93,075  

Chiyoda Co., Ltd.

      54,691         1,103,190  

Circle K Sunkus Co., Ltd.

      56,920         1,224,926  

Citizen Holdings Co., Ltd.

      113,500         722,693  

Cosmos Pharmaceutical Corp.

      3,104         157,284  

Create SD Holdings Co., Ltd.

      11,785         300,586  

DCM Holdings Co., Ltd.

      94,845         757,193  

Doutor Nichires Holdings Co., Ltd.

      29,453         389,748  

EDION Corp.(a)

      62,977         443,850  

Fuji Co., Ltd.

      2,800         62,740  

Gulliver International Co., Ltd.

      3,960         156,389  

H2O Retailing Corp.

      78,763         688,141  

Heiwado Co., Ltd.

      36,592         496,223  

Honeys Co., Ltd.

      11,580         214,447  

Izumi Co., Ltd.

      18,100         343,327  

Joshin Denki Co., Ltd.

      35,000         347,895  

Kappa Create Co., Ltd.(a)

      10,887         235,480  

Keiyo Co., Ltd.(a)

      45,120         284,553  

Kohnan Shoji Co., Ltd.

      12,400         197,538  

Kojima Co., Ltd.

      21,000         125,548  

Komeri Co., Ltd.(a)

      17,937         514,167  

Kyoto Kimono Yuzen Co., Ltd.

      19,045         228,184  

Maruetsu, Inc. (The)

      15,000         56,869  

Matsumotokiyoshi Holdings Co., Ltd.(a)

      25,700         560,563  

MOS Food Services, Inc.

      9,300         177,423  

Parco Co., Ltd.

      43,527         421,016  

Paris Miki Holdings, Inc.

      29,316         205,545  

Plenus Co., Ltd.

      38,068         692,482  

Point, Inc.

      17,210         638,879  

Ryohin Keikaku Co., Ltd.(a)

      14,482         753,180  

Saizeriya Co., Ltd.

      15,900         257,159  

Scroll Corp.

      42,227         169,842  

Seiko Holdings Corp.*(a)

      40,000         96,725  

Senshukai Co., Ltd.

      5,800         41,230  

Shimachu Co., Ltd.

      20,564         487,269  

St. Marc Holdings Co., Ltd.

      8,148         324,752  

Studio Alice Co., Ltd.

      4,611         77,602  

Sugi Holdings Co., Ltd.

      11,800         362,911  

Sundrug Co., Ltd.

      12,400         385,734  

Tsuruha Holdings, Inc.

      9,067         537,112  

United Arrows Ltd.

      15,529         327,393  

UNY Co., Ltd.

      93,756         1,020,783  

Valor Co., Ltd.

      22,591         378,553  

WATAMI Co., Ltd.(a)

      12,429         267,927  

Xebio Co., Ltd.

      19,489         522,659  

Zensho Holdings Co., Ltd.(a)

      36,519         450,857  
     

 

 

  
Total Retail               20,672,860  
     
Semiconductors – 0.9%      

Axell Corp.

      19,500       $ 463,953  

Megachips Corp.*(a)

      12,353         245,874  

Mimasu Semiconductor Industry Co., Ltd.

      18,100         173,313  

Sanken Electric Co., Ltd.*(a)

      28,000         133,714  

Shinko Electric Industries Co., Ltd.(a)

      70,700         694,157  
     

 

 

  
Total Semiconductors               1,711,011  
Shipbuilding – 0.4%      

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

      377,000         659,676  

Sasebo Heavy Industries Co., Ltd.(a)

      126,063         211,394  
     

 

 

  
Total Shipbuilding               871,070  
Software – 2.4%      

Capcom Co., Ltd.

      28,213         648,287  

Fuji Soft, Inc.

      7,600         146,376  

IT Holdings Corp.

      80,000         941,005  

NEC Mobiling Ltd.

      9,861         342,340  

Nihon Unisys Ltd.

      61,000         429,917  

NSD Co., Ltd.

      44,700         415,523  

Square Enix Holdings Co., Ltd.(a)

      54,100         1,142,546  

SRA Holdings, Inc.

      10,407         121,907  

Transcosmos, Inc.*

      12,600         193,987  

Zenrin Co., Ltd.

      30,102         305,062  
     

 

 

  
Total Software               4,686,950  
Storage/Warehousing – 0.7%      

Mitsubishi Logistics Corp.

      40,000         474,877  

Mitsui-Soko Co., Ltd.

      75,746         324,908  

Sumitomo Warehouse Co., Ltd. (The)

      115,417         598,859  
     

 

 

  
Total Storage/Warehousing               1,398,644  
Telecommunications – 1.0%      

Denki Kogyo Co., Ltd.

      41,110         209,309  

Hikari Tsushin, Inc.

      37,665         1,113,084  

Hitachi Kokusai Electric, Inc.

      42,000         387,363  

Japan Radio Co., Ltd.*

      69,000         167,689  
     

 

 

  
Total Telecommunications               1,877,445  
Textiles – 1.4%      

Japan Vilene Co., Ltd.

      41,400         192,675  

Kurabo Industries Ltd.

      187,169         366,173  

Nisshinbo Holdings, Inc.

      69,000         656,504  

Nitto Boseki Co., Ltd.*(a)

      125,960         495,911  

Seiren Co., Ltd.

      35,911         239,567  

Toyobo Co., Ltd.

      546,000         782,891  
     

 

 

  
Total Textiles               2,733,721  
Toys/Games/Hobbies – 0.2%      

Tomy Co., Ltd.

      46,177         339,475  
Transportation – 3.2%      

Fuji Kyuko Co., Ltd.

      12,008         73,249  

Fukuyama Transporting Co., Ltd.(a)

      125,059         683,839  

Hitachi Transport System Ltd.

      29,304         535,908  

Iino Kaiun Kaisha Ltd.

      36,371         165,734  

Keisei Electric Railway Co., Ltd.

      71,000         552,160  

Kintetsu World Express, Inc.

      8,983         314,806  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      73   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Japan SmallCap Dividend Fund (DFJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nippon Konpo Unyu Soko Co., Ltd.

      41,860       $ 517,305  

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

      140,000         661,766  

NS United Kaiun Kaisha Ltd.*(a)

      78,000         127,006  

Sankyu, Inc.

      159,272         627,063  

Seino Holdings Corp.

      83,711         608,289  

Senko Co., Ltd.

      92,156         371,782  

Sotetsu Holdings, Inc.(a)

      208,000         654,621  

Yusen Logistics Co., Ltd.

      12,600         198,887  
     

 

 

  
Total Transportation               6,092,415  
TOTAL COMMON STOCKS
(Cost: $178,472,013)		               190,916,160  
SHORT-TERM INVESTMENT – 0.1%      
MONEY MARKET FUND – 0.1%      
Invesco Treasury Fund Private Class, 0.02%(b)
(Cost: $123,265)		      123,265         123,265  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.5%      
MONEY MARKET FUND – 11.5%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(b)

      
(Cost: $22,221,471)(c)      22,221,471         22,221,471  
TOTAL INVESTMENTS IN SECURITIES – 110.4%
(Cost: $200,816,749)		          213,260,896  

Liabilities in Excess of Foreign Currency and Other Assets – (10.4)%

   

      (20,089,183 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 193,171,713  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(c) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $20,983,422 and the total market value of the collateral held by the Fund was $22,221,471.

 

See Notes to Financial Statements.

 

74   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 97.2%      
Australia – 24.5%      

AGL Energy Ltd.

      17,775       $ 271,606  

Alumina Ltd.

      37,208         47,604  

Amcor Ltd.

      37,586         289,693  

AMP Ltd.

      75,611         338,382  

Australia & New Zealand Banking Group Ltd.

      100,440         2,420,221  

BHP Billiton Ltd.

      44,010         1,577,944  

Brambles Ltd.

      30,688         225,718  

Coca-Cola Amatil Ltd.

      23,542         304,122  

Commonwealth Bank of Australia

      57,129         2,965,056  

Computershare Ltd.

      10,023         93,450  

Crown Ltd.

      19,597         176,420  

CSL Ltd.

      7,979         296,661  

Incitec Pivot Ltd.

      23,489         76,650  

Insurance Australia Group Ltd.

      46,865         165,069  

Leighton Holdings Ltd.

      10,978         242,465  

Lend Lease Group(a)

      12,420         96,113  

Macquarie Group Ltd.

      11,597         349,364  

National Australia Bank Ltd.

      79,352         2,022,235  

Newcrest Mining Ltd.

      3,582         110,136  

Orica Ltd.

      8,015         232,239  

Origin Energy Ltd.

      17,294         239,175  

QBE Insurance Group Ltd.

      46,272         679,245  

Rio Tinto Ltd.

      4,225         286,248  

Santos Ltd.

      14,383         212,177  

Sonic Healthcare Ltd.

      14,062         182,385  

Suncorp Group Ltd.

      32,940         286,643  

TABCORP Holdings Ltd.

      29,198         82,274  

Telstra Corp., Ltd.

      685,936         2,337,858  

Wesfarmers Ltd.

      33,171         1,031,592  

Westpac Banking Corp.

      126,214         2,862,147  

Woodside Petroleum Ltd.

      12,590         454,013  

Woolworths Ltd.

      33,250         894,889  

WorleyParsons Ltd.

      3,877         114,989  
     

 

 

  
Total Australia         21,964,783  
China – 10.8%      

Agricultural Bank of China Ltd. Class H(b)

      305,000         130,815  

Anhui Conch Cement Co., Ltd. Class H(b)

      4,000         12,674  

Bank of China Ltd. Class H

      2,426,000         978,024  

China Coal Energy Co., Ltd. Class H

      51,000         57,214  

China Communications Construction Co., Ltd. Class H

      258,000         258,864  

China Construction Bank Corp. Class H

      5,197,000         4,016,229  

China Life Insurance Co., Ltd. Class H

      89,000         230,983  

China Longyuan Power Group Corp. Class H

      32,000         26,749  

China Merchants Bank Co., Ltd. Class H

      45,000         92,040  

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

      24,000         30,263  

China Pacific Insurance Group Co., Ltd. Class H

      21,000         65,050  

China Petroleum & Chemical Corp. Class H

      342,000         372,658  

China Shenhua Energy Co., Ltd. Class H

      57,000         240,437  

China Telecom Corp., Ltd. Class H

      966,000         535,008  

Dongfeng Motor Group Co., Ltd. Class H

      98,000         176,966  
     

Guangzhou Automobile Group Co., Ltd. Class H

      120,000       $ 119,011  

Industrial & Commercial Bank of China Class H

      2,036,000         1,313,802  

PetroChina Co., Ltd. Class H

      560,000         791,963  

Ping An Insurance Group Co. Class H

      15,000         113,408  

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

      16,000         18,279  

Sinopharm Group Co., Ltd. Class H

      10,400         29,068  

Yanzhou Coal Mining Co., Ltd. Class H

      36,000         78,083  

Zhaojin Mining Industry Co., Ltd. Class H

      17,500         29,347  
     

 

 

  
Total China         9,716,935  
Hong Kong – 19.5%      

Bank of East Asia Ltd.(b)

      43,170         162,360  

Beijing Enterprises Holdings Ltd.

      14,000         85,381  

BOC Hong Kong Holdings Ltd.

      322,609         891,288  

Cathay Pacific Airways Ltd.

      173,000         320,420  

Cheung Kong Holdings Ltd.

      47,277         610,752  

China Merchants Holdings International Co., Ltd.

      58,092         194,538  

China Mobile Ltd.

      644,930         7,098,051  

China Overseas Land & Investment Ltd.

      107,565         204,490  

China Resources Enterprise Ltd.

      36,600         127,751  

China Resources Power Holdings Co., Ltd.

      72,218         133,758  

China Unicom Hong Kong Ltd.

      99,648         168,904  

Citic Pacific Ltd.

      54,283         91,450  

CLP Holdings Ltd.

      69,866         602,914  

CNOOC Ltd.

      834,062         1,714,532  

Fosun International Ltd.

      115,000         68,431  

Hang Lung Group Ltd.

      19,000         122,971  

Hang Lung Properties Ltd.

      75,000         274,826  

Hang Seng Bank Ltd.

      61,403         816,176  

Henderson Land Development Co., Ltd.

      31,000         171,091  

Hong Kong & China Gas Co., Ltd.

      123,410         316,314  

Hong Kong Exchanges and Clearing Ltd.

      19,573         328,990  

Hutchison Whampoa Ltd.

      73,027         729,894  

Hysan Development Co., Ltd.

      17,948         71,894  

Lenovo Group Ltd.

      110,000         99,034  

MTR Corp., Ltd.

      94,765         339,318  

New World Development Co., Ltd.

      84,557         101,612  

Power Assets Holdings Ltd.

      64,579         474,112  

Sino Land Co., Ltd.

      122,924         196,324  

SJM Holdings Ltd.

      78,432         159,612  

Sun Hung Kai Properties Ltd.

      48,534         603,237  

Wharf Holdings Ltd.

      36,350         197,575  
     

 

 

  
Total Hong Kong         17,478,000  
Indonesia – 4.0%      

Adaro Energy Tbk PT

      297,500         62,793  

Astra International Tbk PT

      83,000         671,243  

Bank Central Asia Tbk PT

      289,000         252,843  

Bank Danamon Indonesia TbK PT

      134,834         67,830  

Bank Mandiri Persero Tbk PT

      261,000         195,522  

Bank Negara Indonesia Persero Tbk PT

      136,000         59,493  

Bank Rakyat Indonesia Persero Tbk PT

      261,000         198,376  

Bumi Resources Tbk PT

      113,000         29,041  

Indo Tambangraya Megah Tbk PT

      23,000         109,290  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      75   

Table of Contents

Schedule of Investments (continued)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Indocement Tunggal Prakarsa Tbk PT

      37,500       $ 75,664  

Indofood Sukses Makmur Tbk PT

      113,000         59,935  

Perusahaan Gas Negara Persero Tbk PT

      679,500         282,382  

Semen Gresik Persero Tbk PT

      142,000         190,234  

Tambang Batubara Bukit Asam Persero Tbk PT

      43,500         97,523  

Telekomunikasi Indonesia Persero Tbk PT

      559,500         428,314  

Unilever Indonesia Tbk PT

      156,000         341,207  

United Tractors Tbk PT

      52,500         189,469  

Vale Indonesia Tbk PT

      441,000         162,771  

XL Axiata Tbk PT

      108,626         59,991  
     

 

 

  
Total Indonesia         3,533,921  
Malaysia – 6.5%      

AMMB Holdings Bhd

      59,100         121,730  

Axiata Group Bhd

      122,900         208,611  

CIMB Group Holdings Bhd

      84,000         210,857  

DiGi.Com Bhd

      340,400         451,126  

Genting Bhd

      18,600         65,815  

Genting Malaysia Bhd

      100,900         129,110  

Hong Leong Bank Bhd

      26,920         110,896  

IOI Corp. Bhd

      170,900         297,897  

Kuala Lumpur Kepong Bhd

      22,400         179,873  

Malayan Banking Bhd

      442,300         1,280,627  

Maxis Bhd

      359,700         715,056  

MISC Bhd

      161,900         284,322  

Petronas Dagangan Bhd

      27,800         171,873  

Petronas Gas Bhd

      66,200         363,900  

Public Bank Bhd

      120,300         535,627  

RHB Capital Bhd

      42,100         105,817  

Sime Darby Bhd

      50,100         159,286  

Tenaga Nasional Bhd

      118,500         248,720  

YTL Power International Bhd

      290,200         175,247  
     

 

 

  
Total Malaysia         5,816,390  
New Zealand – 0.1%      

Fletcher Building Ltd.

      15,503         85,624  
Philippines – 1.4%      

Aboitiz Equity Ventures, Inc.

      158,500         184,950  

Aboitiz Power Corp.

      245,400         193,759  

Manila Electric Co.

      20,070         122,472  

Philippine Long Distance Telephone Co.

      9,125         573,833  

San Miguel Corp.

      13,743         36,394  

SM Investments Corp.

      7,390         113,600  
     

 

 

  
Total Philippines         1,225,008  
Singapore – 6.5%      

City Developments Ltd.

      10,000         90,269  

DBS Group Holdings Ltd.

      53,017         597,909  

Fraser and Neave Ltd.

      31,970         170,358  

Jardine Cycle & Carriage Ltd.

      7,676         294,806  

Keppel Corp., Ltd.

      42,235         369,159  

Oversea-Chinese Banking Corp., Ltd.

      83,517         592,493  

SembCorp Industries Ltd.

      50,116         210,453  

SembCorp Marine Ltd.(b)

      108,757         456,704  

Singapore Airlines Ltd.

      22,557         193,215  
     

Singapore Exchange Ltd.

      30,869       $ 170,383  

Singapore Press Holdings Ltd.

      78,000         243,178  

Singapore Technologies Engineering Ltd.

      114,625         296,283  

Singapore Telecommunications Ltd.

      563,577         1,411,912  

United Overseas Bank Ltd.

      37,574         548,362  

Wilmar International Ltd.

      52,781         205,692  
     

 

 

  
Total Singapore         5,851,176  
South Korea – 7.3%      

Cheil Industries, Inc.

      221         18,686  

Daewoo Shipbuilding & Marine Engineering Co., Ltd.

      1,370         36,636  

Doosan Heavy Industries & Construction Co., Ltd.

      954         53,718  

GS Engineering & Construction Corp.

      281         24,775  

GS Holdings

      1,022         58,539  

Hana Financial Group, Inc.

      3,040         114,565  

Hankook Tire Co., Ltd.

      1,070         39,616  

Hanwha Chem Corp.

      960         22,749  

Honam Petrochemical Corp.

      90         26,729  

Hynix Semiconductor, Inc.*

      2,410         62,215  

Hyundai Engineering & Construction Co., Ltd.

      672         47,922  

Hyundai Glovis Co., Ltd.

      116         20,885  

Hyundai Heavy Industries Co., Ltd.

      776         220,188  

Hyundai Mobis

      302         76,363  

Hyundai Motor Co.

      1,054         216,744  

Hyundai Steel Co.

      241         21,695  

Industrial Bank of Korea

      8,440         102,423  

Kangwon Land, Inc.

      5,630         124,968  

KB Financial Group, Inc.

      762         27,809  

Kia Motors Corp.

      2,186         142,961  

Korea Exchange Bank

      55,100         421,134  

Korea Life Insurance Co., Ltd.*

      8,564         56,612  

Korea Zinc Co., Ltd.

      84         29,024  

KT Corp. ADR*

      24,426         334,392  

KT&G Corp.

      4,751         337,126  

Kumho Petro chemical Co.

      77         9,650  

LG Chem Ltd.

      398         129,968  

LG Corp.

      1,554         89,149  

LG Display Co., Ltd.*

      3,970         92,851  

LG Electronics, Inc.

      296         21,631  

LG Household & Health Care Ltd.

      84         44,111  

Lotte Shopping Co., Ltd.

      72         22,559  

NCSoft Corp.

      34         8,987  

OCI Co., Ltd.

      131         26,650  

POSCO

      1,499         502,732  

Samsung C&T Corp.

      689         48,283  

Samsung Electro-Mechanics Co., Ltd.

      605         53,342  

Samsung Electronics Co., Ltd.

      1,239         1,394,223  

Samsung Engineering Co., Ltd.

      282         60,230  

Samsung Fire & Marine Insurance Co., Ltd.*

      473         89,336  

Samsung Heavy Industries Co., Ltd.

      1,720         57,305  

Samsung Life Insurance Co., Ltd.*

      1,955         170,818  

Samsung SDI Co., Ltd.

      335         40,506  

Shinhan Financial Group Co., Ltd.

      5,254         202,871  

SK C&C Co., Ltd.

      192         18,979  

 

See Notes to Financial Statements.

 

76   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

SK Holdings Co., Ltd.

      308       $ 40,095  

SK Innovation Co., Ltd.

      617         90,123  

SK Telecom Co., Ltd. ADR*

      33,000         459,030  

S-Oil Corp.

      1,443         142,638  

Woori Finance Holdings Co., Ltd.

      10,830         124,257  
     

 

 

  
Total South Korea         6,578,798  
Taiwan – 11.9%      

Acer, Inc.

      118,000         156,523  

Advanced Semiconductor Engineering, Inc.

      45,446         45,732  

Asustek Computer, Inc.

      27,740         261,756  

Cathay Financial Holding Co., Ltd.

      78,120         88,934  

Chang Hwa Commercial Bank

      56,510         32,262  

Cheng Shin Rubber Industry Co., Ltd.

      35,800         85,999  

China Steel Corp.

      303,800         310,341  

Chinatrust Financial Holding Co., Ltd.

      191,125         120,123  

Chunghwa Telecom Co., Ltd.

      315,000         970,150  

Compal Electronics, Inc.

      223,000         250,846  

Delta Electronics, Inc.

      63,000         184,638  

Far Eastern New Century Corp.

      101,250         117,152  

Far EasTone Telecommunications Co., Ltd.

      146,000         299,277  

First Financial Holding Co., Ltd.

      107,532         64,670  

Formosa Chemicals & Fibre Corp.

      169,000         493,581  

Formosa Petrochemical Corp.

      280,000         872,791  

Formosa Plastics Corp.

      161,000         474,035  

Foxconn Technology Co., Ltd.

      3,150         13,021  

Fubon Financial Holding Co., Ltd.

      307,487         346,404  

Hon Hai Precision Industry Co., Ltd.

      139,500         541,183  

HTC Corp.

      10,450         211,376  

MediaTek, Inc.

      65,000         622,152  

Mega Financial Holding Co., Ltd.

      337,200         238,209  

Nan Ya Plastics Corp.

      138,000         311,867  

President Chain Store Corp.

      20,000         111,132  

Quanta Computer, Inc.

      157,000         411,191  

Taiwan Cement Corp.

      107,000         125,255  

Taiwan Cooperative Financial Holding*

      42,356         26,549  

Taiwan Mobile Co., Ltd.

      158,100         481,566  

Taiwan Semiconductor Manufacturing Co., Ltd.

      760,000         2,186,180  

Uni-President Enterprises Corp.

      61,700         85,397  

United Microelectronics Corp.

      328,000         160,585  
     

 

 

  
Total Taiwan         10,700,877  
Thailand – 4.7%      

Advanced Info Service PCL

      155,900         929,841  

Bangkok Bank PCL NVDR

      36,000         215,883  

Bank of Ayudhya PCL NVDR

      91,000         79,644  

Banpu PCL

      4,600         90,658  

Charoen Pokphand Foods PCL

      211,000         254,773  

CP ALL PCL

      107,900         229,091  

Indorama Ventures PCL

      55,116         67,443  

Kasikornbank PCL NVDR

      33,300         166,230  

Krung Thai Bank PCL

      235,300         133,477  

PTT Exploration & Production PCL

      75,300         425,927  

PTT Global Chemical PCL

      45,194         104,012  

PTT PCL

      63,600         729,802  
     

Siam Cement PCL NVDR

      33,271       $ 382,859  

Siam Commercial Bank PCL

      69,900         325,143  

Thai Oil PCL

      42,500         99,879  
     

 

 

  
Total Thailand         4,234,662  
TOTAL COMMON STOCKS
(Cost: $84,269,365)		               87,186,174  
EXCHANGE-TRADED FUND – 2.5%      
United States – 2.5%      
WisdomTree India Earnings Fund(b)(c)
(Cost: $2,464,182)		      114,015         2,198,209  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%      
MONEY MARKET FUND – 2.5%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)

      
(Cost: $2,242,390)(e)      2,242,390         2,242,390  
TOTAL INVESTMENTS IN SECURITIES – 102.2%
(Cost: $88,975,937)		         91,626,773   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (2.2)%

   

      (1,954,339 ) 
  

 

 

  
NET ASSETS – 100.0%       $ 89,672,434   

ADR – American Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

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, 2012 (See Note 2).

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $2,160,524 and the total market value of the collateral held by the Fund was $2,242,390.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      77   

Table of Contents

Schedule of Investments

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 99.3%      
Agriculture – 1.5%      

GrainCorp Ltd.

      95,214       $ 892,664  
Banks – 11.2%      

Australia & New Zealand Banking Group Ltd.

      75,811         1,826,756  

Commonwealth Bank of Australia(a)

      31,352         1,627,202  

National Australia Bank Ltd.

      60,579         1,543,817  

Westpac Banking Corp.

      82,327         1,866,924  
     

 

 

  
Total Banks         6,864,699  
Beverages – 2.0%      

Coca-Cola Amatil Ltd.

      93,071         1,202,318  
Biotechnology – 1.2%      

CSL Ltd.

      19,109         710,477  
Chemicals – 0.9%      

Incitec Pivot Ltd.

      170,600         556,709  
Coal – 1.3%      

New Hope Corp., Ltd.(a)

      94,054         515,432  

Whitehaven Coal Ltd.(a)

      49,621         289,923  
     

 

 

  
Total Coal         805,355  
Commercial Services – 1.5%      

Brambles Ltd.

      121,101         890,727  
Computers – 1.3%      

Computershare Ltd.

      83,833         781,621  
Diversified Financial Services – 2.1%      

Macquarie Group Ltd.

      43,796         1,319,373  
Electric – 2.8%      

AGL Energy Ltd.

      75,034         1,146,539  

Origin Energy Ltd.

      41,156         569,184  
     

 

 

  
Total Electric         1,715,723  
Engineering & Construction – 6.7%      

Boart Longyear Ltd.

      83,008         357,727  

Leighton Holdings Ltd.

      65,454         1,445,646  

Transfield Services Ltd.

      246,900         634,324  

UGL Ltd.

      77,204         1,055,729  

WorleyParsons Ltd.

      21,995         652,355  
     

 

 

  
Total Engineering & Construction         4,145,781  
Entertainment – 3.1%      

TABCORP Holdings Ltd.

      198,777         560,110  

Tatts Group Ltd.

      525,228         1,349,392  
     

 

 

  
Total Entertainment         1,909,502  
Food – 5.1%      

Metcash Ltd.

      439,801         1,959,130  

Woolworths Ltd.

      42,914         1,154,986  
     

 

 

  
Total Food         3,114,116  
Healthcare-Products – 0.9%      

Cochlear Ltd.

      8,968         575,075  
Healthcare-Services – 4.8%      

Primary Health Care Ltd.

      287,156         850,790  
     

Ramsay Health Care Ltd.

      37,476       $ 758,994  

Sonic Healthcare Ltd.

      103,930         1,347,981  
     

 

 

  
Total Healthcare-Services         2,957,765  
Insurance – 7.6%      

AMP Ltd.

      222,095         993,942  

Insurance Australia Group Ltd.

      273,798         964,379  

QBE Insurance Group Ltd.(a)

      105,058         1,542,189  

Suncorp Group Ltd.(a)

      133,628         1,162,828  
     

 

 

  
Total Insurance         4,663,338  
Internet – 5.0%      

carsales.com Ltd.(a)

      198,800         1,143,005  

Iress Market Technology Ltd.

      108,431         786,303  

REA Group Ltd.

      40,594         582,439  

Seek Ltd.(a)

      77,734         566,921  
     

 

 

  
Total Internet         3,078,668  
Iron/Steel – 0.2%      

Fortescue Metals Group Ltd.

      17,633         106,131  
Leisure Time – 1.7%      

Flight Centre Ltd.(a)

      45,435         1,035,504  
Lodging – 1.8%      

Crown Ltd.

      125,876         1,133,186  
Media – 0.8%      

Fairfax Media Ltd.(a)

      693,144         520,595  
Mining – 6.7%      

Alumina Ltd.

      314,826         402,788  

BHP Billiton Ltd.

      12,997         465,997  

Iluka Resources Ltd.

      8,033         148,045  

Mineral Resources Ltd.

      49,479         620,219  

Newcrest Mining Ltd.

      5,223         160,592  

Orica Ltd.

      34,893         1,011,042  

OZ Minerals Ltd.

      93,694         947,328  

Rio Tinto Ltd.

      5,275         357,387  
     

 

 

  
Total Mining         4,113,398  
Miscellaneous Manufacturing – 2.5%      

Ansell Ltd.

      42,952         661,657  

Campbell Brothers Ltd.

      12,881         897,122  
     

 

 

  
Total Miscellaneous Manufacturing         1,558,779  
Oil & Gas – 5.0%      

Beach Energy Ltd.

      511,873         775,546   

Caltex Australia Ltd.

      80,880         1,163,810  

Santos Ltd.

      43,511         641,871  

Woodside Petroleum Ltd.

      13,660         492,599  
     

 

 

  
Total Oil & Gas         3,073,826   
Packaging & Containers – 2.2%      

Amcor Ltd.

      172,533         1,329,792  
Retail – 11.5%      

David Jones Ltd.(a)

      468,396         1,169,415  

Harvey Norman Holdings Ltd.(a)

      541,772         1,128,109  

JB Hi-Fi Ltd.(a)

      82,102         932,187  

Myer Holdings Ltd.(a)

      741,648         1,797,845  

 

See Notes to Financial Statements.

 

78   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Australia Dividend Fund (AUSE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Wesfarmers Ltd.

      36,487       $ 1,134,717  

Wesfarmers Ltd. PPS

      29,192         934,460  
     

 

 

  
Total Retail         7,096,733  
Telecommunications – 5.5%      

Telstra Corp., Ltd.

      796,583         2,714,973  

TPG Telecom Ltd.

      374,056         689,756  
     

 

 

  
Total Telecommunications         3,404,729  
Transportation – 2.4%      

Toll Holdings Ltd.

      240,503         1,462,504  
TOTAL COMMON STOCKS
(Cost: $61,072,357)		               61,019,088   
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(b)
(Cost: $7,198)		      7,198         7,198  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 14.1%      
MONEY MARKET FUND – 14.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(b)

      
(Cost: $8,661,931)(c)      8,661,931         8,661,931  
TOTAL INVESTMENTS IN SECURITIES – 113.4%
(Cost: $69,741,486)		         69,688,217   

Liabilities in Excess of Foreign Currency and Other Assets – (13.4)%

   

      (8,232,382 ) 
  

 

 

  
NET ASSETS – 100.0%       $ 61,455,835   

PPS – Price Protected Shares

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(c) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $8,203,868 and the total market value of the collateral held by the Fund was $8,661,931.

 

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      79   

Table of Contents

Schedule of Investments

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.4%      
Australia – 12.1%      

AMP Ltd.

      87,757       $ 392,739  

Australia & New Zealand Banking Group Ltd.

      101,111         2,436,389  

BHP Billiton Ltd.

      50,555         1,812,610  

Brambles Ltd.

      41,728         306,919  

Commonwealth Bank of Australia

      57,639         2,991,526  

CSL Ltd.

      10,263         381,581  

Macquarie Group Ltd.

      13,298         400,608  

National Australia Bank Ltd.

      82,816         2,110,513  

Newcrest Mining Ltd.

      1,685         51,809  

Origin Energy Ltd.

      22,788         315,156  

QBE Insurance Group Ltd.

      50,702         744,275  

Rio Tinto Ltd.

      5,536         375,070  

Telstra Corp., Ltd.

      725,370         2,472,260  

Wesfarmers Ltd.

      34,170         1,062,660  

Westpac Banking Corp.

      129,077         2,927,071  

Woodside Petroleum Ltd.

      14,826         534,646  

Woolworths Ltd.

      36,486         981,983  
     

 

 

  
Total Australia               20,297,815  
Austria – 0.2%      

Bank Austria Creditanstalt AG*†(a)

      1,715         —   

OMV AG

      8,551         303,473  
     

 

 

  
Total Austria               303,473  
Belgium – 1.0%      

Anheuser-Busch InBev N.V.

      15,612         1,138,904  

Belgacom S.A.

      16,798         539,226  
     

 

 

  
Total Belgium               1,678,130  
Denmark – 0.4%      

Novo Nordisk A/S Class B

      4,278         591,556  
Finland – 1.1%      

Fortum Oyj*

      20,303         492,083  

Nokia Oyj

      165,538         899,864  

Sampo Oyj Class A

      15,418         444,932  
     

 

 

  
Total Finland               1,836,879  
France – 12.1%      

Air Liquide S.A.

      4,140         551,103  

Alstom S.A.

      5,408         210,726  

AXA S.A.

      48,036         795,141  

BNP Paribas S.A.

      21,897         1,037,375  

Bouygues S.A.

      9,654         294,793  

Carrefour S.A.

      11,947         285,979  

Christian Dior S.A.

      2,960         453,508  

Cie de Saint-Gobain

      7,175         319,947  

Cie Generale des Etablissements Michelin

      787         58,513  

CNP Assurances

      18,025         280,846  

Danone

      8,503         592,216  

EDF S.A.

      37,769         860,581  

France Telecom S.A.

      113,352         1,676,309  

GDF Suez

      61,859         1,595,654  

Lafarge S.A.

      6,435         306,659  

L’Oreal S.A.

      6,467         796,533  
     

LVMH Moet Hennessy Louis Vuitton S.A.

      5,284       $ 906,679  

Natixis

      91,796         352,676  

Pernod-Ricard S.A.

      3,149         328,772  

PPR

      2,621         450,260  

Sanofi

      28,582         2,216,388  

Schneider Electric S.A.

      9,010         587,812  

Societe Generale S.A.

      15,273         446,747  

Total S.A.

      62,425         3,178,943  

Veolia Environnement S.A.

      13,139         217,578  

Vinci S.A.

      11,916         620,460  

Vivendi S.A.

      41,630         762,836  
     

 

 

  
Total France               20,185,034  
Germany – 8.9%      

Allianz SE

      10,161         1,210,655  

BASF SE

      15,943         1,392,560  

Bayer AG

      11,257         790,622  

Bayerische Motoren Werke AG

      6,363         571,375  

Daimler AG(b)

      20,028         1,205,809  

Deutsche Bank AG

      9,178         455,954  

Deutsche Boerse AG

      4,487         301,635  

Deutsche Post AG

      33,872         651,124  

Deutsche Telekom AG

      132,955         1,598,286  

E.ON AG

      71,305         1,705,425  

Linde AG

      2,273         407,277  

Metro AG

      6,295         243,025  

Muenchener Rueckversicherungs AG

      5,298         797,607  

RWE AG

      22,533         1,074,407  

SAP AG

      10,379         723,705  

Siemens AG

      13,272         1,336,002  

Volkswagen AG

      2,937         472,864  
     

 

 

  
Total Germany               14,938,332  
Hong Kong – 5.6%      

BOC Hong Kong Holdings Ltd.

      224,000         618,856  

Cheung Kong Holdings Ltd.

      43,000         555,500  

China Mobile Ltd.

      392,919         4,324,437  

CLP Holdings Ltd.

      32,500         280,461  

CNOOC Ltd.

      541,529         1,113,189  

Hang Seng Bank Ltd.

      37,795         502,376  

Hong Kong Exchanges and Clearing Ltd.

      17,800         299,189  

Hutchison Whampoa Ltd.

      56,000         559,712  

MTR Corp., Ltd.

      75,500         270,338  

Power Assets Holdings Ltd.

      32,500         238,601  

Sun Hung Kai Properties Ltd.

      28,442         353,510  

Wharf Holdings Ltd.

      48,000         260,896  
     

 

 

  
Total Hong Kong               9,377,065  
Ireland – 0.2%      

CRH PLC

      16,070         327,426  
Italy – 3.6%      

Assicurazioni Generali SpA(b)

      25,005         387,602  

Atlantia SpA

      19,170         317,832  

Enel SpA

      229,520         828,927  

ENI SpA

      116,997         2,740,608  

 

See Notes to Financial Statements.

 

80   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Intesa Sanpaolo SpA

      255,122       $ 456,619  

Luxottica Group SpA

      4,008         144,912  

Saipem SpA

      4,180         215,591  

Snam SpA

      109,481         525,740  

Telecom Italia SpA

      380,162         451,332  
     

 

 

  
Total Italy               6,069,163  
Japan – 10.3%      

Astellas Pharma, Inc.(b)

      12,300         508,172  

Canon, Inc.

      22,400         1,064,269  

Chubu Electric Power Co., Inc.(b)

      16,100         292,283  

Daiichi Sankyo Co., Ltd.(b)

      17,500         320,676  

Denso Corp.

      8,300         278,869  

East Japan Railway Co.

      6,400         405,176  

FANUC Corp.

      1,800         321,089  

Fast Retailing Co., Ltd.

      600         137,505  

Hitachi Ltd.

      9,000         58,071  

Honda Motor Co., Ltd.

      16,100         615,280  

Japan Tobacco, Inc.

      101         571,918  

JX Holdings, Inc.

      43,500         271,165  

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

      19,700         306,889  

KDDI Corp.(b)

      60         390,789  

Mitsubishi Corp.(b)

      28,100         655,593  

Mitsubishi UFJ Financial Group, Inc.(b)

      199,600         999,273  

Mitsui & Co., Ltd.(b)

      32,700         539,205  

Mitsui Fudosan Co., Ltd.

      13,000         250,064  

Mizuho Financial Group, Inc.(b)

      499,198         818,904  

MS&AD Insurance Group Holdings(b)

      14,400         297,291  

Nintendo Co., Ltd.

      2,600         393,341  

Nippon Steel Corp.(b)

      82,000         226,186  

Nippon Telegraph & Telephone Corp.(b)

      22,194         1,012,680  

Nissan Motor Co., Ltd.

      31,800         340,431  

Nomura Holdings, Inc.

      58,100         258,395  

NTT DoCoMo, Inc.(b)

      759         1,267,229  

Seven & I Holdings Co., Ltd.

      15,700         468,930  

Shin-Etsu Chemical Co., Ltd.

      7,200         418,203  

Sumitomo Corp.

      23,400         340,074  

Sumitomo Mitsui Financial Group, Inc.(b)

      29,700         982,722  

Takeda Pharmaceutical Co., Ltd.(b)

      20,300         899,125  

Tokio Marine Holdings, Inc.

      13,800         380,823  

Toyota Motor Corp.

      25,000         1,084,513  
     

 

 

  
Total Japan               17,175,133  
Netherlands – 1.7%      

Akzo Nobel N.V.

      4,659         274,668  

ASML Holding N.V.

      2,306         115,097  

Heineken N.V.

      6,477         359,465  

Koninklijke KPN N.V.

      56,315         618,556  

Koninklijke Philips Electronics N.V.

      22,645         458,377  

Unilever N.V. CVA

      30,846         1,048,095  
     

 

 

  
Total Netherlands               2,874,258  
Norway – 1.9%      

DNB ASA

      42,013         539,152  

Statoil ASA

      70,603         1,913,592  
     

Telenor ASA

      37,746       $ 698,798  
     

 

 

  
Total Norway               3,151,542  
Portugal – 0.2%      

EDP-Energias de Portugal S.A.

      129,695         376,691  
Singapore – 1.6%      

DBS Group Holdings Ltd.

      27,000         304,498  

Jardine Cycle & Carriage Ltd.

      3,000         115,218  

Keppel Corp., Ltd.

      55,000         480,733  

Oversea-Chinese Banking Corp., Ltd.

      58,000         411,469  

Singapore Airlines Ltd.

      5,000         42,828  

Singapore Telecommunications Ltd.

      369,500         925,697  

United Overseas Bank Ltd.

      23,000         335,666  
     

 

 

  
Total Singapore               2,616,109  
Spain – 5.9%      

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

      10,163         259,719  

Banco Bilbao Vizcaya Argentaria S.A.(b)

      96,787         769,094  

Banco Santander S.A.

      288,577         2,217,399  

CaixaBank(b)

      114,262         444,163  

Endesa S.A.

      22,502         447,691  

Gas Natural SDG S.A.

      28,393         452,975  

Iberdrola S.A.

      132,688         752,214  

Inditex S.A.

      8,114         776,045  

Mapfre S.A.(b)

      97,170         312,374  

Repsol YPF S.A.

      25,813         646,597  

Telefonica S.A.

      173,906         2,845,090  
     

 

 

  
Total Spain               9,923,361  
Sweden – 2.9%      

Atlas Copco AB Class A

      14,416         347,834  

Hennes & Mauritz AB Class B

      34,928         1,260,184  

Nordea Bank AB(b)

      67,212         609,282  

Sandvik AB

      20,948         301,496  

Skandinaviska Enskilda Banken AB Class A(b)

      35,590         252,094  

Svenska Handelsbanken AB Class A(b)

      12,936         411,162  

Telefonaktiebolaget LM Ericsson Class B

      42,408         438,118  

TeliaSonera AB

      119,181         828,745  

Volvo AB Class A

      27,853         404,026  
     

 

 

  
Total Sweden               4,852,941  
Switzerland – 8.7%      

ABB Ltd.*

      33,650         689,493  

Credit Suisse Group AG

      20,409         580,985  

Holcim Ltd.*

      5,023         327,327  

Nestle S.A.

      55,881         3,511,690  

Novartis AG

      50,156         2,772,356  

Roche Holding AG

      3,874         711,494  

Roche Holding AG – Genusschein

      13,875         2,411,642  

SGS S.A.

      218         423,530  

Swiss Re AG*

      10,765         686,621  

Swisscom AG(b)

      1,446         583,775  

Syngenta AG*

      1,283         443,021  

Zurich Financial Services AG*

      5,069         1,360,557  
     

 

 

  
Total Switzerland               14,502,491  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      81   

Table of Contents

Schedule of Investments (concluded)

WisdomTree International LargeCap Dividend Fund (DOL)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
United Kingdom – 21.0%      

Anglo American PLC

      10,460       $ 390,570  

Antofagasta PLC

      33,342         613,696  

AstraZeneca PLC

      36,131         1,604,270  

Aviva PLC

      87,915         465,646  

BAE Systems PLC

      84,764         406,160  

Barclays PLC

      130,698         491,256  

BG Group PLC

      20,876         482,975  

BHP Billiton PLC

      30,738         936,805  

BP PLC

      185,777         1,372,965  

British American Tobacco PLC

      44,477         2,238,844  

British Sky Broadcasting Group PLC

      26,164         282,592  

BT Group PLC

      141,170         510,655  

Centrica PLC

      111,302         562,663  

Compass Group PLC

      36,304         380,221  

Diageo PLC

      41,013         984,566  

Eurasian Natural Resources Corp. PLC

      24,125         228,383  

Fresnillo PLC

      5,150         131,490  

GlaxoSmithKline PLC

      132,384         2,953,829  

HSBC Holdings PLC

      317,248         2,812,187  

Imperial Tobacco Group PLC

      21,501         870,854  

International Power PLC

      63,103         408,333  

National Grid PLC

      79,366         799,518  

Pearson PLC

      18,336         341,303  

Prudential PLC

      49,552         591,809  

Reckitt Benckiser Group PLC

      13,312         751,443  

Rio Tinto PLC

      13,371         736,187  

Royal Dutch Shell PLC Class A

      88,121         3,074,267  

Royal Dutch Shell PLC Class B

      54,699         1,922,261  

SABMiller PLC

      19,371         776,691  

SSE PLC

      20,410         433,388  

Standard Chartered PLC

      32,135         800,962  

TESCO PLC

      151,380         798,163  

Unilever PLC

      25,982         856,823  

Vodafone Group PLC

      1,403,459         3,861,373  

Xstrata PLC

      14,919         254,577  
     

 

 

  
Total United Kingdom               35,127,725  
TOTAL COMMON STOCKS
(Cost: $172,455,698)		               166,205,124  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree International MidCap Dividend Fund(c)
(Cost: $26,065)		      624         30,021  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(d)
(Cost: $78,358)		      78,358         78,358  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 7.9%      
MONEY MARKET FUND – 7.9%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)

      
(Cost: $13,139,642)(e)      13,139,642       $ 13,139,642  
TOTAL INVESTMENTS IN SECURITIES – 107.3%
(Cost: $185,699,763)		          179,453,145   

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

         (12,199,993 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 167,253,152   
* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Escrow security – additional shares issued as a result of a corporate action.

 

(b) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $12,349,997 and the total market value of the collateral held by the Fund was $13,139,642.

 

See Notes to Financial Statements.

 

82   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
Australia – 15.9%      

Amcor Ltd.

      804,117       $ 6,197,703  

BHP Billiton Ltd.

      59,343         2,127,697  

Brambles Ltd.

      554,224         4,076,451  

Coca-Cola Amatil Ltd.

      433,445         5,599,368  

CSL Ltd.

      90,229         3,354,735  

Orica Ltd.

      160,351         4,646,252  

Origin Energy Ltd.(a)

      199,414         2,757,881  

Santos Ltd.

      202,136         2,981,894  

Telstra Corp., Ltd.

      3,644,770         12,422,375  

Wesfarmers Ltd.

      151,851         4,722,445  

Woodside Petroleum Ltd.

      64,998         2,343,919  

Woolworths Ltd.

      194,474         5,234,067  
     

 

 

  
Total Australia               56,464,787  
Austria – 0.8%      

OMV AG

      74,581         2,646,865  
Belgium – 2.7%      

Belgacom S.A.

      233,618         7,499,283  

Solvay S.A.

      16,944         2,003,035  
     

 

 

  
Total Belgium               9,502,318  
Finland – 2.7%      

Nokia Oyj(a)

      1,242,841         6,756,082  

UPM-Kymmene Oyj(a)

      221,142         3,006,791  
     

 

 

  
Total Finland               9,762,873  
France – 11.2%      

Accor S.A.

      70,233         2,503,779  

Bouygues S.A.

      100,400         3,065,802  

Cap Gemini S.A.

      40,303         1,801,215  

Casino Guichard Perrachon S.A.

      35,479         3,491,581  

France Telecom S.A.

      387,778         5,734,665  

GDF Suez

      152,755         3,940,319  

Lafarge S.A.

      59,693         2,844,663  

Sanofi

      54,072         4,193,007  

Total S.A.

      94,968         4,836,169  

Veolia Environnement S.A.

      181,771         3,010,071  

Vivendi S.A.

      245,851         4,505,020  
     

 

 

  
Total France               39,926,291  
Germany – 7.9%      

BASF SE

      34,107         2,979,117  

Daimler AG(a)

      50,893         3,064,071  

Deutsche Post AG

      246,495         4,738,395  

Deutsche Telekom AG

      405,790         4,878,105  

E.ON AG

      245,594         5,873,952  

RWE AG

      141,116         6,728,624  
     

 

 

  
Total Germany               28,262,264  
Hong Kong – 1.2%      

Cathay Pacific Airways Ltd.

      2,292,000         4,245,100  
Ireland – 1.0%      

CRH PLC

      181,342         3,694,844  
     
Italy – 4.9%      

Atlantia SpA

      195,337       $ 3,238,622  

ENI SpA

      234,141         5,484,659  

Snam SpA

      878,281         4,217,602  

Terna Rete Elettrica Nazionale SpA

      1,099,006         4,411,128  
     

 

 

  
Total Italy               17,352,011  
Japan – 9.6%      

Astellas Pharma, Inc.(a)

      92,400         3,817,486  

Canon, Inc.

      56,500         2,684,428  

Daiichi Sankyo Co., Ltd.(a)

      172,200         3,155,448  

Eisai Co., Ltd.(a)

      114,100         4,561,504  

Fujitsu Ltd.

      382,000         2,023,841  

Hoya Corp.

      156,600         3,537,510  

Kyocera Corp.

      14,000         1,289,507  

Murata Manufacturing Co., Ltd.

      27,900         1,662,914  

Nintendo Co., Ltd.

      17,200         2,602,102  

Sumitomo Metal Industries Ltd.

      1,306,000         2,650,246  

Takeda Pharmaceutical Co., Ltd.(a)

      90,900         4,026,132  

Tokyo Electron Ltd.

      35,300         2,031,053  
     

 

 

  
Total Japan               34,042,171  
Netherlands – 3.2%      

Koninklijke KPN N.V.

      493,114         5,416,295  

Reed Elsevier N.V.

      312,200         3,981,286  

STMicroelectronics N.V.

      247,379         2,022,728  
     

 

 

  
Total Netherlands               11,420,309  
Norway – 2.3%      

Orkla ASA

      490,575         3,875,371  

Statoil ASA

      159,292         4,317,379  
     

 

 

  
Total Norway               8,192,750  
Portugal – 2.5%      

EDP-Energias de Portugal S.A.

      1,650,285         4,793,149  

Portugal Telecom, SGPS, S.A.

      762,241         4,140,496  
     

 

 

  
Total Portugal               8,933,645  
Singapore – 1.7%      

SembCorp Marine Ltd.

      1,399,000         5,874,832  
Spain – 5.5%      

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

      122,618         3,133,542  

Ferrovial S.A.

      350,047         4,017,346  

Gas Natural SDG S.A.

      266,540         4,252,316  

Repsol YPF S.A.

      111,916         2,803,414  

Telefonica S.A.

      326,316         5,338,508  
     

 

 

  
Total Spain               19,545,126  
Sweden – 2.5%      

Hennes & Mauritz AB Class B

      107,763         3,888,033  

TeliaSonera AB

      716,596         4,982,969  
     

 

 

  
Total Sweden               8,871,002  
Switzerland – 3.2%      

Novartis AG

      55,939         3,092,009  

Roche Holding AG - Genusschein

      23,830         4,141,941  

Swisscom AG(a)

      10,637         4,294,342  
     

 

 

  
Total Switzerland               11,528,292  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      83   

Table of Contents

Schedule of Investments (concluded)

WisdomTree International Dividend ex-Financials Fund (DOO)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
United Kingdom – 20.8%      

Antofagasta PLC

      263,923       $ 4,857,789  

AstraZeneca PLC

      102,030         4,530,283  

BAE Systems PLC

      1,032,884         4,949,222  

British American Tobacco PLC

      96,268         4,845,854  

Compass Group PLC

      303,444         3,178,046  

GlaxoSmithKline PLC

      233,212         5,203,562  

Imperial Tobacco Group PLC

      120,516         4,881,256  

J. Sainsbury PLC

      831,140         4,133,922  

Marks & Spencer Group PLC

      654,045         3,960,552  

National Grid PLC

      508,907         5,126,636  

Pearson PLC

      179,241         3,336,355  

Reed Elsevier PLC

      409,013         3,626,929  

Royal Dutch Shell PLC Class A

      1,474         51,423  

Royal Dutch Shell PLC Class B

      133,817         4,702,667  

SSE PLC

      232,111         4,928,669  

TESCO PLC

      511,469         2,696,759  

Unilever PLC

      116,603         3,845,283  

Vodafone Group PLC

      1,942,455         5,344,327  
     

 

 

  
Total United Kingdom               74,199,534  
TOTAL COMMON STOCKS
(Cost: $354,771,452)		               354,465,014  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      

WisdomTree International LargeCap Dividend Fund(a)(b)

      
(Cost: $4,505)      121         5,215  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 5.3%      
MONEY MARKET FUND – 5.3%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $18,845,635)(d)      18,845,635         18,845,635  
TOTAL INVESTMENTS IN SECURITIES – 104.9%
(Cost: $373,621,592)		          373,315,864   

Liabilities in Excess of Foreign Currency and Other Assets – (4.9)%

         (17,324,124 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 355,991,740   
(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $17,951,213 and the total market value of the collateral held by the Fund was $18,845,635.

 

 

See Notes to Financial Statements.

 

84   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.1%      
Australia – 11.7%      

AGL Energy Ltd.

      35,002       $ 534,840  

Alumina Ltd.

      116,062         148,489  

Amcor Ltd.

      96,412         743,092  

Bendigo and Adelaide Bank Ltd.

      43,315         347,759  

Boral Ltd.

      36,844         153,819  

Caltex Australia Ltd.

      23,870         343,474  

Campbell Brothers Ltd.

      1,806         125,782  

Coca-Cola Amatil Ltd.

      56,156         725,440  

Cochlear Ltd.

      3,034         194,556  

Computershare Ltd.

      29,633         276,285  

Crown Ltd.

      64,699         582,446  

Fairfax Media Ltd.(a)

      164,378         123,458  

Flight Centre Ltd.(a)

      7,176         163,547  

Harvey Norman Holdings Ltd.(a)

      104,141         216,849  

Incitec Pivot Ltd.

      67,410         219,975  

Insurance Australia Group Ltd.

      138,328         487,223  

Leighton Holdings Ltd.

      34,883         770,441  

Lend Lease Group(b)

      38,746         299,838  

Metcash Ltd.

      93,530         416,637  

New Hope Corp., Ltd.(a)

      36,679         201,007  

OneSteel Ltd.

      173,334         222,661  

Orica Ltd.

      23,473         680,142  

OZ Minerals Ltd.

      29,989         303,215  

Platinum Asset Management Ltd.(a)

      72,506         304,957  

Ramsay Health Care Ltd.

      10,694         216,584  

Seek Ltd.(a)

      12,300         89,705  

Sims Metal Management Ltd.

      5,475         83,319  

Sonic Healthcare Ltd.

      34,002         441,009  

Suncorp Group Ltd.

      96,195         837,087  

TABCORP Holdings Ltd.

      174,739         492,377  

Tatts Group Ltd.

      139,549         358,523  

Toll Holdings Ltd.

      55,458         337,241  

UGL Ltd.(a)

      16,372         223,879  

Wesfarmers Ltd. PPS

      11,095         355,160  

Whitehaven Coal Ltd.

      13,004         75,979  

WorleyParsons Ltd.

      11,406         338,293  
     

 

 

  
Total Australia         12,435,088  
Austria – 1.3%      

Andritz AG(a)

      2,203         215,277  

EVN AG(a)

      10,598         142,404  

Strabag SE

      5,628         171,219  

Telekom Austria AG

      37,328         434,065  

Vienna Insurance Group AG Wiener Versicherung Gruppe

      4,730         208,306  

Voestalpine AG

      5,624         188,847  
     

 

 

  
Total Austria         1,360,118  
Belgium – 1.8%      

Ageas

      151,032         331,461  

Colruyt S.A.

      6,080         244,036  

Delhaize Group S.A.

      4,310         226,428  

Elia System Operator S.A./N.V.

      3,225         136,358  
     

Mobistar S.A.

      5,063       $ 251,828  

NV Bekaert S.A.

      2,663         85,661  

UCB S.A.

      6,929         298,505  

Umicore S.A.

      5,100         280,530  
     

 

 

  
Total Belgium         1,854,807  
Denmark – 0.6%      

Coloplast A/S Class B

      653         112,914  

FLSmidth & Co. A/S(a)

      1,583         110,963  

H. Lundbeck A/S(a)

      7,256         145,210  

Novozymes A/S Class B

      5,132         149,278  

Pandora A/S(a)

      9,042         104,476  
     

 

 

  
Total Denmark         622,841  
Finland – 2.6%      

Elisa Oyj(a)

      9,872         236,243  

Kemira Oyj

      6,788         89,944  

Kesko Oyj Class B

      2,819         91,336  

Konecranes Oyj

      2,600         68,210  

Metso Oyj(a)

      6,469         276,103  

Neste Oil Oyj(a)

      6,901         84,870  

Nokian Renkaat Oyj

      4,088         198,923  

Orion Oyj Class B

      6,359         125,500  

Pohjola Bank PLC Class A(a)

      21,463         237,376  

Rautaruukki Oyj(a)

      5,951         62,369  

Sanoma Oyj(a)

      19,743         252,401  

Stora Enso Oyj Class R

      25,191         186,856  

UPM-Kymmene Oyj(a)

      29,790         405,044  

Wartsila Oyj Abp

      10,103         380,484  

YIT Oyj

      4,646         99,736  
     

 

 

  
Total Finland         2,795,395  
France – 6.4%      

Accor S.A.

      10,126         360,988  

Aeroports de Paris

      3,103         254,300  

Arkema S.A.

      1,806         168,041  

BioMerieux

      710         55,851  

Bourbon S.A.(a)

      3,178         94,461  

Bureau Veritas S.A.

      3,167         278,355  

Cap Gemini S.A.

      5,414         241,962  

CFAO S.A.

      3,590         154,037  

Dassault Systemes S.A.

      2,128         195,508  

Edenred

      5,741         172,478  

Eiffage S.A.

      3,097         119,645  

Eramet

      202         28,514  

Etablissements Maurel et Prom

      2,101         36,890  

Euler Hermes S.A.

      1,273         99,851  

Eutelsat Communications S.A.

      8,606         317,688  

ICADE

      2,628         234,095  

Imerys S.A.

      2,139         129,863  

Ipsen S.A.

      3,256         88,888  

Klepierre

      8,489         293,925  

Lagardere SCA

      6,689         206,036  

Legrand S.A.

      10,939         401,916  

M6-Metropole Television S.A.

      10,816         195,170  

Neopost S.A.

      1,876         120,467  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      85   

Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Nexity S.A.

      2,159       $ 68,198  

Publicis Groupe S.A.

      4,196         230,972  

Remy Cointreau S.A.

      1,738         176,365  

Rexel S.A.

      6,261         137,782  

Sa des Ciments Vicat

      1,934         128,273  

SCOR SE

      15,573         420,163  

SEB S.A.

      1,537         127,640  

Societe BIC S.A.

      2,603         260,813  

Societe Television Francaise 1

      10,654         130,259  

Suez Environnement Co.

      26,761         409,833  

Thales S.A.

      5,908         220,767  

Zodiac Aerospace

      1,939         201,590  
     

 

 

  
Total France         6,761,584  
Germany – 3.1%      

Aixtron SE N.A.

      2,780         48,350  

Aurubis AG

      1,935         102,004  

Axel Springer AG

      5,667         285,795  

Bilfinger Berger SE

      2,582         242,170  

Celesio AG

      7,405         133,817  

Deutsche Lufthansa AG

      21,120         295,177  

Fielmann AG

      2,015         193,444  

Fraport AG Frankfurt Airport Services Worldwide

      2,820         176,316  

GEA Group AG

      6,366         219,231  

Hamburger Hafen und Logistik AG

      2,024         68,058  

Hannover Rueckversicherung AG

      10,288         610,221  

Lanxess AG

      907         74,863  

MTU Aero Engines Holding AG

      1,189         95,621  

Rheinmetall AG

      1,197         70,768  

Rhoen Klinikum AG

      3,753         75,243  

SMA Solar Technology AG(a)

      1,758         79,551  

Suedzucker AG

      5,399         171,657  

Symrise AG

      6,614         191,131  

United Internet AG Registered Shares

      7,401         139,264  
     

 

 

  
Total Germany         3,272,681  
Hong Kong – 4.2%      

Bank of East Asia Ltd.

      76,400         287,336  

Beijing Enterprises Holdings Ltd.

      31,500         192,108  

Cathay Pacific Airways Ltd.

      307,000         568,606  

China Agri-Industries Holdings Ltd.

      62,000         40,886  

China Merchants Holdings International Co., Ltd.

      98,000         328,181  

China Resources Enterprise Ltd.

      40,000         139,619  

China Resources Power Holdings Co., Ltd.

      124,000         229,665  

Citic Pacific Ltd.

      109,000         183,632  

Fosun International Ltd.

      245,500         146,086  

Franshion Properties China Ltd.

      234,000         60,278  

Guangdong Investment Ltd.

      330,808         230,509  

Hang Lung Group Ltd.

      26,000         168,277  

HKT Trust and HKT Ltd.*(b)

      10,065         7,830  

Hopewell Holdings Ltd.

      49,662         136,244  

Hysan Development Co., Ltd.

      43,000         172,244  

Lenovo Group Ltd.

      212,000         190,866  

New World Development Co., Ltd.

      216,482         260,147  

PCCW Ltd.

      463,000         165,783  
     

Shanghai Industrial Holdings Ltd.

      54,000       $ 166,577  

Shougang Fushan Resources Group Ltd.

      254,000         86,041  

Sino Land Co., Ltd.

      214,400         342,421  

Sino-Ocean Land Holdings Ltd.(a)

      312,000         148,284  

Television Broadcasts Ltd.

      26,074         175,808  

Wheelock & Co., Ltd.

      18,000         54,250  
     

 

 

  
Total Hong Kong         4,481,678  
Ireland – 0.5%      

DCC PLC

      5,429         134,221  

Dragon Oil PLC

      14,562         145,183  

Kerry Group PLC Class A

      3,331         153,925  

Paddy Power PLC

      1,916         120,484  
     

 

 

  
Total Ireland         553,813  
Italy – 3.7%      

A2A SpA(a)

      148,219         118,726  

ACEA SpA

      21,729         137,969  

Autogrill SpA

      11,977         126,242  

Banca Carige SpA

      60,136         78,802  

Banca Monte dei Paschi di Siena SpA(a)

      326,589         137,478  

Banca Popolare dell’Emilia Romagna SCRL

      9,942         71,561  

Banca Popolare di Sondrio SCRL

      16,429         120,332  

Davide Campari-Milano SpA

      10,506         71,423  

Exor SpA

      3,466         87,375  

Hera SpA

      35,416         50,465  

Iren SpA

      133,079         113,865  

Mediaset SpA

      157,390         433,445  

Mediobanca SpA

      34,173         200,418  

Mediolanum SpA

      34,322         162,898  

Parmalat SpA

      45,826         114,303  

Pirelli & C SpA

      21,858         259,646  

Prysmian SpA

      4,924         86,425  

Societa Iniziative Autostradali e Servizi SpA

      16,391         125,292  

Telecom Italia SpA RSP

      505,839         496,462  

Terna Rete Elettrica Nazionale SpA

      162,355         651,651  

Tod’s SpA

      726         81,551  

Unione di Banche Italiane SCPA

      46,657         197,459  
     

 

 

  
Total Italy         3,923,788  
Japan – 24.2%      

Aeon Co., Ltd.

      19,100         252,516  

Aisin Seiki Co., Ltd.

      5,900         208,341  

Ajinomoto Co., Inc.

      20,000         252,263  

All Nippon Airways Co., Ltd.

      17,000         51,643  

Amada Co., Ltd.

      13,000         88,146  

Aozora Bank Ltd.

      18,000         52,275  

Asahi Group Holdings Ltd.

      7,000         155,915  

Asahi Kasei Corp.

      30,000         186,281  

Bank of Kyoto Ltd. (The)

      13,000         118,634  

Bank of Yokohama Ltd. (The)

      45,000         226,381  

Brother Industries Ltd.

      7,700         104,981  

Chiba Bank Ltd. (The)

      20,000         128,319  

Chugai Pharmaceutical Co., Ltd.

      17,000         315,232  

Chugoku Bank Ltd. (The)

      10,000         135,974  

Chugoku Electric Power Co., Inc. (The)

      19,300         360,461  

 

See Notes to Financial Statements.

 

86   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Cosmo Oil Co., Ltd.(a)

      49,000       $ 136,946  

Dai Nippon Printing Co., Ltd.(a)

      27,000         277,562  

Daicel Corp.

      13,000         84,197  

Daihatsu Motor Co., Ltd.(a)

      19,000         350,009  

Daikin Industries Ltd.(a)

      4,100         112,246  

Dainippon Sumitomo Pharma Co., Ltd.(a)

      14,700         156,655  

Daito Trust Construction Co., Ltd.

      6,300         568,795  

Daiwa House Industry Co., Ltd.

      16,000         212,698  

Daiwa Securities Group, Inc.

      58,000         230,464  

Dena Co., Ltd.(a)

      1,600         44,581  

Denki Kagaku Kogyo K.K.

      20,000         80,442  

Eisai Co., Ltd.(a)

      16,800         671,633  

Electric Power Development Co., Ltd.(a)

      5,500         149,973  

FamilyMart Co., Ltd.

      3,500         148,855  

Fuji Heavy Industries Ltd.

      19,000         153,533  

Fujitsu Ltd.

      58,000         307,285  

Fukuoka Financial Group, Inc.

      27,000         120,408  

Furukawa Electric Co., Ltd.

      15,000         40,100  

GS Yuasa Corp.

      13,000         71,718  

Gunma Bank Ltd. (The)

      20,000         107,661  

Hachijuni Bank Ltd. (The)

      19,000         112,668  

Hankyu Hanshin Holdings, Inc.

      24,000         105,280  

Hirose Electric Co., Ltd.

      1,600         168,953  

Hiroshima Bank Ltd. (The)(a)

      20,000         91,865  

Hisamitsu Pharmaceutical Co., Inc.(a)

      1,700         81,080  

Hitachi Chemical Co., Ltd.

      5,800         105,012  

Hitachi Construction Machinery Co., Ltd.

      2,400         53,398  

Hitachi High-Technologies Corp.

      2,900         69,597  

Hitachi Metals Ltd.

      7,000         87,442  

Hokkaido Electric Power Co., Inc.

      12,000         177,167  

Hokuhoku Financial Group, Inc.

      63,000         120,955  

Hokuriku Electric Power Co.

      10,600         192,692  

Hoya Corp.

      19,500         440,495  

Ibiden Co., Ltd.

      2,800         72,029  

Idemitsu Kosan Co., Ltd.

      1,400         140,349  

Isetan Mitsukoshi Holdings Ltd.

      6,100         72,048  

Isuzu Motors Ltd.

      14,000         82,508  

Japan Steel Works Ltd. (The)(a)

      18,000         124,017  

JGC Corp.

      5,000         155,842  

Joyo Bank Ltd. (The)

      37,000         170,399  

JS Group Corp.

      8,300         174,785  

JSR Corp.

      7,700         155,881  

JTEKT Corp.

      4,600         55,393  

Kajima Corp.(a)

      40,000         122,486  

Kaneka Corp.

      14,000         84,890  

Kansai Paint Co., Ltd.

      9,000         91,318  

Kawasaki Heavy Industries Ltd.

      17,000         52,263  

Kawasaki Kisen Kaisha Ltd.*(a)

      33,000         72,981  

Keikyu Corp.(a)

      13,000         114,369  

Keio Corp.

      20,000         144,116  

Kintetsu Corp.(a)

      44,000         168,418  

Kobe Steel Ltd.

      65,000         105,839  

Konami Corp.(a)

      5,000         142,536  

Konica Minolta Holdings, Inc.

      12,500         109,818  
     

Kuraray Co., Ltd.

      13,400       $ 190,673  

Kurita Water Industries Ltd.

      2,900         71,465  

Kyowa Hakko Kirin Co., Ltd.

      19,000         212,407  

Kyushu Electric Power Co., Inc.

      28,700         411,171  

Lawson, Inc.

      6,300         398,846  

Makita Corp.

      4,400         177,508  

MEIJI Holdings Co., Ltd.

      1,900         83,462  

Mitsubishi Chemical Holdings Corp.

      32,000         171,869  

Mitsubishi Gas Chemical Co., Inc.

      8,000         53,758  

Mitsubishi Tanabe Pharma Corp.

      14,500         204,563  

Mitsui Chemicals, Inc.

      25,000         76,250  

Mitsui O.S.K. Lines Ltd.(a)

      37,000         161,857  

Namco Bandai Holdings, Inc.

      12,100         175,556  

NGK Insulators Ltd.

      8,000         114,806  

NGK Spark Plug Co., Ltd.

      9,000         129,157  

NHK Spring Co., Ltd.

      9,000         97,333  

Nikon Corp.

      4,200         128,202  

Nippon Electric Glass Co., Ltd.

      10,000         87,369  

Nippon Express Co., Ltd.

      36,000         141,297  

Nippon Paper Group, Inc.(a)

      6,000         125,621  

Nippon Sheet Glass Co., Ltd.

      18,000         27,778  

Nippon Shokubai Co., Ltd.

      5,000         58,266  

Nippon Yusen K.K.(a)

      69,000         217,996  

Nisshin Seifun Group, Inc.(a)

      10,000         121,636  

Nissin Foods Holdings Co., Ltd.(a)

      3,600         135,391  

Nitto Denko Corp.

      4,400         178,310  

NKSJ Holdings, Inc.(a)

      20,728         465,968  

Nomura Real Estate Holdings, Inc.

      5,800         102,828  

Nomura Research Institute Ltd.

      8,300         207,059  

NSK Ltd.

      8,000         61,924  

NTN Corp.

      20,000         85,060  

Obayashi Corp.

      24,000         105,280  

Odakyu Electric Railway Co., Ltd.(a)

      13,000         123,531  

OJI Paper Co., Ltd.(a)

      27,000         131,235  

Oracle Corp.

      6,768         258,647  

Oriental Land Co., Ltd.

      1,400         150,896  

Osaka Gas Co., Ltd.

      63,000         254,159  

Resona Holdings, Inc.

      110,000         509,265  

Ricoh Co., Ltd.(a)

      33,000         322,802  

Rohm Co., Ltd.

      3,800         188,626  

Sankyo Co., Ltd.

      4,800         236,807  

Secom Co., Ltd.

      6,300         310,043  

Sega Sammy Holdings, Inc.

      10,100         212,812  

Seiko Epson Corp.

      4,400         62,021  

Sekisui Chemical Co., Ltd.

      13,000         113,421  

Sekisui House Ltd.

      21,000         206,951  

Sharp Corp.(a)

      31,000         227,523  

Shikoku Electric Power Co., Inc.(a)

      10,200         289,162  

Shimamura Co., Ltd.

      1,100         123,774  

Shimizu Corp.(a)

      25,000         100,857  

Shinsei Bank Ltd.

      40,000         52,494  

Shionogi & Co., Ltd.(a)

      14,800         205,738  

Shiseido Co., Ltd.(a)

      16,300         282,841  

Shizuoka Bank Ltd. (The)

      15,000         155,295  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      87   

Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Showa Denko K.K.

      39,000       $ 89,094  

Showa Shell Sekiyu K.K.

      11,600         74,425  

Sojitz Corp.

      42,100         75,713  

Sony Financial Holdings, Inc.

      8,231         147,027  

Stanley Electric Co., Ltd.

      4,600         73,504  

Sumitomo Chemical Co., Ltd.(a)

      46,000         196,756  

Sumitomo Electric Industries Ltd.

      14,900         205,136  

Sumitomo Metal Industries Ltd.

      189,000         383,535  

Sumitomo Metal Mining Co., Ltd.

      14,000         197,849  

Sumitomo Realty & Development Co., Ltd.

      8,000         193,936  

Sumitomo Rubber Industries Ltd.

      6,000         80,126  

T&D Holdings, Inc.

      20,700         241,221  

Taisei Corp.

      39,000         102,363  

Taiyo Nippon Sanso Corp.

      13,000         92,253  

TDK Corp.(a)

      3,100         176,669  

Teijin Ltd.

      15,000         50,671  

Tobu Railway Co., Ltd.

      23,000         122,693  

Toho Co., Ltd.

      6,100         112,594  

Toho Gas Co., Ltd.(a)

      19,000         112,668  

Tokyo Broadcasting System Holdings, Inc.

      6,000         89,969  

Tokyo Electron Ltd.

      5,800         333,714  

Tokyo Gas Co., Ltd.

      72,000         341,211  

Tokyu Corp.

      21,000         100,286  

Tokyu Land Corp.

      19,000         93,505  

TonenGeneral Sekiyu K.K.

      28,104         260,225  

Toppan Printing Co., Ltd.(a)

      22,000         172,696  

Tosoh Corp.

      18,000         50,307  

TOTO Ltd.

      10,000         75,703  

Toyo Suisan Kaisha Ltd.

      4,000         104,453  

Toyoda Gosei Co., Ltd.

      2,800         54,813  

Toyota Boshoku Corp.

      4,400         52,183  

Toyota Tsusho Corp.

      6,600         135,136  

Trend Micro, Inc.

      4,500         139,055  

Ube Industries Ltd.

      19,000         51,947  

Unicharm Corp.

      1,000         53,102  

USS Co., Ltd.(a)

      1,300         132,535  

Yamada Denki Co., Ltd.

      810         50,886  

Yamato Holdings Co., Ltd.

      10,300         160,079  
     

 

 

  
Total Japan         25,561,616  
Netherlands – 2.4%      

Delta Lloyd N.V.

      11,546         202,653  

Fugro N.V. CVA

      3,584         254,964  

Gemalto N.V.

      1,538         101,363  

Imtech N.V.

      1,854         59,181  

Koninklijke Boskalis Westminster N.V.

      4,999         187,499  

Koninklijke Vopak N.V.

      3,203         184,245  

Nutreco N.V.(a)

      890         63,907  

PostNL N.V.

      39,051         240,779  

Randstad Holding N.V.

      6,371         240,020  

Reed Elsevier N.V.

      42,745         545,100  

STMicroelectronics N.V.

      35,275         288,431  

Wolters Kluwer N.V.

      10,957         207,198  
     

 

 

  
Total Netherlands         2,575,340  
     
New Zealand – 0.8%      

Auckland International Airport Ltd.

      61,473       $ 123,920  

Contact Energy Ltd.*

      36,302         140,706  

Fletcher Building Ltd.

      31,322         172,994  

Telecom Corp. of New Zealand Ltd.

      188,131         373,848  
     

 

 

  
Total New Zealand         811,468  
Norway – 2.3%      

Aker Solutions ASA

      11,100         187,496  

Fred Olsen Energy ASA

      9,864         386,152  

Gjensidige Forsikring ASA

      37,644         443,818  

Kongsberg Gruppen AS

      3,739         70,138  

Marine Harvest ASA

      998,703         514,755  

Orkla ASA

      71,597         565,591  

Schibsted ASA

      3,362         124,365  

TGS Nopec Geophysical Co. ASA

      4,110         112,476  
     

 

 

  
Total Norway         2,404,791  
Portugal – 1.3%      

Banco Espirito Santo S.A.

      117,604         214,560  

Brisa Auto-Estradas de Portugal S.A.(a)

      65,092         231,444  

Cimpor Cimentos de Portugal, SGPS, S.A.

      50,629         337,113  

Portugal Telecom, SGPS, S.A.

      106,374         577,824  
     

 

 

  
Total Portugal         1,360,941  
Singapore – 4.1%      

City Developments Ltd.

      19,000         171,512  

ComfortDelGro Corp., Ltd.

      130,000         161,292  

Cosco Corp. Singapore Ltd.(a)

      59,000         54,667  

Fraser and Neave Ltd.

      58,402         311,205  

Keppel Land Ltd.

      88,000         242,860  

Sakari Resources Ltd.

      38,000         70,418  

SATS Ltd.

      73,000         144,566  

SembCorp Industries Ltd.

      92,000         386,336  

SembCorp Marine Ltd.(a)

      156,360         656,604  

SIA Engineering Co., Ltd.

      63,536         203,643  

Singapore Exchange Ltd.

      63,000         347,731  

Singapore Press Holdings Ltd.

      155,148         483,700  

Singapore Technologies Engineering Ltd.

      185,000         478,188  

SMRT Corp., Ltd.

      102,000         140,748  

StarHub Ltd.

      149,594         368,824  

Yangzijiang Shipbuilding Holdings Ltd.

      159,000         168,187  
     

 

 

  
Total Singapore         4,390,481  
Spain – 3.9%      

Acciona S.A.

      3,480         242,653  

Acerinox S.A.

      17,520         224,844  

Banco de Sabadell S.A.

      113,234         307,921  

Banco Espanol de Credito S.A.(a)

      60,882         291,389  

Banco Popular Espanol S.A.(a)

      67,273         240,990  

Banco Popular Espanol S.A. – Temp Line*

      873         3,127  

Bolsas y Mercados Espanoles S.A.

      6,677         170,899  

Ebro Foods S.A.

      5,960         115,522  

Enagas S.A.

      15,360         295,164  

Ferrovial S.A.

      44,466         510,318  

Fomento de Construcciones y Contratas S.A.

      6,421         143,227  

 

See Notes to Financial Statements.

 

88   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Grupo Catalana Occidente S.A.

      8,848       $ 153,531  

Indra Sistemas S.A.(a)

      10,837         132,598  

Mediaset Espana Comunicacion S.A.

      35,742         204,670  

Obrascon Huarte Lain S.A.

      4,034         119,905  

Prosegur Cia de Seguridad, S.A.

      2,606         152,351  

Red Electrica Corp. S.A.

      6,712         327,949  

Sacyr Vallehermoso, S.A.

      10,291         31,219  

Tecnicas Reunidas S.A.

      3,985         165,759  

Zardoya Otis S.A.

      20,973         271,198  
     

 

 

  
Total Spain         4,105,234  
Sweden – 6.1%      

Alfa Laval AB

      15,444         316,777  

Assa Abloy AB Class B

      12,206         382,257  

Atlas Copco AB Class B

      18,558         398,829  

Boliden AB

      18,825         294,772  

Castellum AB

      6,986         87,755  

Electrolux AB Series B(a)

      15,319         322,987  

Getinge AB Class B(a)

      6,098         173,143  

Hakon Invest AB

      14,531         251,186  

Hexagon AB Class B

      1,723         33,342  

Husqvarna AB Class B(a)

      20,672         124,337  

Investment AB Kinnevik Class B

      11,443         265,408  

Lundbergforetagen AB Class B

      4,869         166,939  

Meda AB Class A

      19,835         188,624  

Modern Times Group AB Class B

      1,553         85,288  

Peab AB

      23,259         118,480  

Ratos AB Class B(a)

      20,979         290,402  

Saab AB Class B

      3,168         58,964  

Scania AB Class B

      30,186         625,980  

Securitas AB Class B

      19,920         191,534  

Skanska AB Class B

      24,748         427,799  

SSAB AB Class A

      10,895         102,705  

Svenska Cellulosa AB Class B(a)

      29,349         506,890  

Swedish Match AB

      11,069         439,400  

Tele2 AB Class B

      23,830         484,835  

Trelleborg AB Class B

      7,512         78,229  
     

 

 

  
Total Sweden         6,416,862  
Switzerland – 2.6%      

Actelion Ltd.*

      3,276         119,608  

Baloise Holding AG

      3,160         254,171  

Bank Sarasin & Cie AG Class B

      1,395         43,678  

BKW S.A.*

      2,668         95,639  

GAM Holding AG*

      8,130         118,282  

Geberit AG*

      1,868         390,402  

Givaudan S.A.*

      134         128,982  

Julius Baer Group Ltd.*

      5,712         230,287  

Lonza Group AG*

      1,802         93,026  

Nobel Biocare Holding AG*

      4,122         51,488  

Partners Group Holding AG

      1,675         326,346  

Schindler Holding AG

      1,597         190,647  

Schindler Holding AG Participating Shares

      2,108         253,282  

Sonova Holding AG*

      1,071         118,849  

Sulzer AG

      1,315         186,662  
     

Swatch Group AG (The)

      1,454       $ 116,709  

Vontobel Holding AG

      2,492         63,137  
     

 

 

  
Total Switzerland         2,781,195  
United Kingdom – 15.5%      

Aberdeen Asset Management PLC

      81,757         335,712  

Admiral Group PLC

      16,821         319,015  

Aegis Group PLC

      30,449         89,905  

Aggreko PLC

      2,435         87,537  

AMEC PLC

      11,657         206,365  

Amlin PLC

      44,204         232,928  

Ashmore Group PLC

      48,170         282,841  

Babcock International Group PLC

      6,881         87,568  

Balfour Beatty PLC

      41,008         187,061  

British Land Co. PLC

      56,712         434,845  

Bunzl PLC

      11,884         190,636  

Burberry Group PLC

      10,326         246,981  

Capita PLC

      20,088         235,100  

Carillion PLC

      28,231         134,597  

Carnival PLC

      5,739         183,206  

Cobham PLC

      47,334         173,264  

Cookson Group PLC

      4,804         53,038  

Croda International PLC

      1,986         66,826  

Daily Mail & General Trust PLC Class A

      22,461         162,030  

Drax Group PLC

      34,457         299,767  

Firstgroup PLC

      30,863         117,213  

G4S PLC

      64,937         282,727  

GKN PLC

      45,682         150,429  

Halma PLC

      11,150         67,804  

Hammerson PLC

      28,222         187,401  

Hargreaves Lansdown PLC

      14,788         115,090  

Hays PLC

      93,484         125,989  

Hikma Pharmaceuticals PLC

      4,605         49,958  

Home Retail Group PLC

      111,500         203,090  

ICAP PLC

      38,940         244,386  

IG Group Holdings PLC

      26,430         190,028  

IMI PLC

      12,719         197,629  

Inchcape PLC

      9,912         59,578  

Inmarsat PLC

      25,647         188,620  

Intercontinental Hotels Group PLC

      7,467         173,349  

Invensys PLC

      14,307         45,489  

Investec PLC

      28,449         173,772  

J. Sainsbury PLC

      112,492         559,512  

Jardine Lloyd Thompson Group PLC

      8,680         96,871  

John Wood Group PLC

      5,048         57,789  

Johnson Matthey PLC

      6,592         248,459  

Kingfisher PLC

      74,875         366,910  

Legal & General Group PLC

      365,392         763,033  

Logica PLC

      80,950         128,821  

London Stock Exchange Group PLC

      12,993         214,654  

Lonmin PLC

      1,923         31,401  

Man Group PLC

      257,628         554,871  

Marks & Spencer Group PLC

      86,959         526,578  

Meggitt PLC

      24,961         161,081  

Melrose PLC

      13,536         91,505  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      89   

Table of Contents

Schedule of Investments (concluded)

WisdomTree International MidCap Dividend Fund (DIM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Michael Page International PLC

      7,315       $ 56,100  

Millennium & Copthorne Hotels PLC

      10,685         82,031  

Mondi PLC

      10,538         99,255  

Next PLC

      7,822         372,804  

Pennon Group PLC

      14,403         163,733  

Persimmon PLC

      5,064         51,782  

PZ Cussons PLC

      10,319         49,412  

Reed Elsevier PLC

      64,613         572,957  

Rexam PLC

      38,510         263,407  

Rotork PLC

      3,083         100,931  

RSA Insurance Group PLC(a)

      322,413         538,832  

Sage Group PLC (The)

      59,813         285,934  

Segro PLC

      54,355         203,914  

Serco Group PLC

      8,935         77,447  

Severn Trent PLC

      14,843         366,166  

Smith & Nephew PLC

      21,324         215,836  

Smiths Group PLC

      16,168         271,757  

Stagecoach Group PLC

      13,861         56,540  

Standard Life PLC

      187,174         686,935  

Tate & Lyle PLC

      24,453         275,442  

TUI Travel PLC

      79,171         248,311  

United Utilities Group PLC

      48,010         461,399  

Vedanta Resources PLC

      6,922         135,812  

Weir Group PLC (The)

      2,810         79,198  

Whitbread PLC

      5,117         150,760  

William Hill PLC

      47,871         199,934  
     

 

 

  
Total United Kingdom         16,449,888  
TOTAL COMMON STOCKS
(Cost: $105,846,180)		               104,919,609  
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree Australia Dividend Fund(a)(c)

      742         41,611  

WisdomTree Japan Hedged Equity Fund(a)(c)

      1,122         41,402  
     

 

 

  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $71,003)		               83,013  
SHORT-TERM INVESTMENT – 0.1%      
MONEY MARKET FUND – 0.1%      
Invesco Treasury Fund Private Class, 0.02%(d)
(Cost: $62,032)		      62,032         62,032  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.1%      
MONEY MARKET FUND – 12.1%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)

      
(Cost: $12,838,834)(e)      12,838,834         12,838,834  
TOTAL INVESTMENTS IN SECURITIES – 111.4%
(Cost: $118,818,049)		          117,903,488  

Liabilities in Excess of Foreign Currency and Other Assets – (11.4)%

   

      (12,080,857 ) 
  

 

 

  
NET ASSETS – 100.0%       $ 105,822,631  

PPS – Price Protected Shares

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $12,069,627 and the total market value of the collateral held by the Fund was $12,838,834.

 

See Notes to Financial Statements.

 

90   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.0%      
Australia – 16.0%      

Adelaide Brighton Ltd.

      689,008       $ 2,069,955  

Aditya Birla Minerals Ltd.

      350,832         259,863  

Amalgamated Holdings Ltd.

      123,683         794,402  

Ansell Ltd.

      49,394         760,893  

APN News & Media Ltd.

      1,139,372         1,068,200  

ARB Corp., Ltd.

      85,671         816,508  

Aristocrat Leisure Ltd.

      226,250         707,838  

ASG Group Ltd.(a)

      365,805         314,533  

Ausdrill Ltd.

      265,340         1,157,240  

Austal Ltd.(a)

      210,821         409,500  

Australian Pharmaceutical Industries Ltd.

      1,029,781         330,708  

Automotive Holdings Group

      417,513         1,029,403  

Bank of Queensland Ltd.(a)

      238,689         1,800,124  

Bank of Queensland Ltd. Placement Shares*

      51,608         389,213  

Beach Energy Ltd.

      461,025         698,506  

Billabong International Ltd.(a)

      249,538         718,654  

Boart Longyear Ltd.

      108,909         469,349  

Bradken Ltd.

      122,864         1,092,070  

Brickworks Ltd.

      51,220         572,001  

BT Investment Management Ltd.

      128,502         294,199  

Cabcharge Australia Ltd.

      37,772         235,953  

Cardno Ltd.

      178,239         1,290,680  

carsales.com Ltd.(a)

      179,278         1,030,762  

Cash Converters International Ltd.

      247,861         170,753  

Challenger Infrastructure Fund Class A(b)

      936,867         1,145,245  

Consolidated Media Holdings Ltd.

      764,673         2,305,193  

CSG Ltd.

      424,408         281,386  

CSR Ltd.(a)

      959,427         1,789,052  

Customers Ltd.

      540,135         514,788  

David Jones Ltd.(a)

      704,091         1,757,861  

DuluxGroup Ltd.(a)

      160,736         496,213  

DWS Ltd.

      375,607         554,482  

Emeco Holdings Ltd.

      442,544         495,129  

Envestra Ltd.

      2,919,619         2,344,048  

FKP Property Group(b)

      249,662         128,025  

Fleetwood Corp., Ltd.

      91,605         1,162,502  

GrainCorp Ltd.

      108,130         1,013,756  

GUD Holdings Ltd.

      115,735         985,542  

GWA Group Ltd.(a)

      345,328         769,146  

Hills Holdings Ltd.(a)

      175,366         195,296  

iiNET Ltd.

      118,918         373,275  

Imdex Ltd.

      62,461         196,708  

IMF Australia Ltd.

      252,426         356,948  

Independence Group NL

      38,748         158,958  

Invocare Ltd.(a)

      108,661         901,664  

IOOF Holdings Ltd.

      276,411         1,655,091  

Iress Market Technology Ltd.

      112,471         815,600  

JB Hi-Fi Ltd.(a)

      95,889         1,088,724  

Kingsgate Consolidated Ltd.(a)

      76,925         510,019  

Medusa Mining Ltd.

      36,664         191,430  

Mermaid Marine Australia Ltd.(a)

      117,738         397,624  

Mincor Resources NL

      535,612         377,310  
     

Mineral Resources Ltd.

      77,991       $ 977,616  

Monadelphous Group Ltd.

      104,263         2,581,468  

Mortgage Choice Ltd.

      443,433         599,483  

Myer Holdings Ltd.(a)

      877,507         2,127,184  

Navitas Ltd.

      314,091         1,155,108  

NIB Holdings Ltd.

      743,323         1,143,517  

NRW Holdings Ltd.

      118,706         510,340  

Oakton Ltd.

      113,566         147,649  

Pacific Brands Ltd.

      815,540         515,364  

Panoramic Resources Ltd.

      300,642         347,267  

Perpetual Ltd.

      65,011         1,709,969  

Primary Health Care Ltd.

      373,009         1,105,157  

Prime AET&D Holdings*†

      124,997         —   

Programmed Maintenance Services Ltd.

      156,311         408,064  

Reject Shop Ltd. (The)(a)

      31,864         399,415  

Retail Food Group Ltd.

      161,549         443,495  

Ridley Corp., Ltd.

      449,628         544,977  

SAI Global Ltd.

      193,269         1,001,085  

Salmat Ltd.(a)

      222,725         542,220  

Sedgman Ltd.

      182,169         464,246  

Select Harvests Ltd.

      137,921         224,320  

Servcorp Ltd.

      127,515         373,840  

Seven West Media Ltd.(a)

      402,297         1,629,529  

SMS Management & Technology Ltd.(a)

      104,025         618,569  

Spotless Group Ltd.

      62,962         153,280  

STW Communications Group Ltd.

      559,772         579,895  

Super Retail Group Ltd.

      119,563         945,061  

Technology One Ltd.

      661,267         794,645  

TFS Corp., Ltd.

      372,901         212,469  

TPG Telecom Ltd.

      351,850         648,808  

Transfield Services Ltd.

      356,891         916,908  

Watpac Ltd.

      401,364         405,398  

Webjet Ltd.(a)

      144,571         486,747  

Western Areas NL(a)

      72,291         405,903  

WHK Group Ltd.

      610,073         527,724  

Wotif.com Holdings Ltd.(a)

      181,267         861,926  
     

 

 

  
Total Australia         67,950,968  
Austria – 1.1%      

Oesterreichische Post AG(a)

      60,539         2,104,176  

Schoeller-Bleckmann Oilfield Equipment AG

      11,393         1,047,327  

Semperit AG Holding

      30,486         1,304,826  

Wienerberger AG(a)

      14,481         169,529  
     

 

 

  
Total Austria         4,625,858  
Belgium – 0.9%      

Cie Maritime Belge S.A.

      22,940         544,692  

Cofinimmo

      9,418         1,156,368  

EVS Broadcast Equipment S.A.

      16,615         860,266  

Exmar N.V.

      40,693         350,615  

Tessenderlo Chemie N.V.

      29,858         995,240  
     

 

 

  
Total Belgium         3,907,181  
Denmark – 0.4%      

D/S Norden

      22,834         678,495  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      91   

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

East Asiatic Co., Ltd. A/S(a)

      8,125       $ 237,065  

NKT Holding A/S(a)

      10,463         475,714  

Royal UNIBREW A/S

      4,722         327,955  
     

 

 

  
Total Denmark         1,719,229  
Finland – 1.9%      

Alma Media Oyj(a)

      55,181         392,407  

Amer Sports Oyj

      56,030         730,855  

Citycon Oyj

      219,595         734,011  

Huhtamaki Oyj

      87,375         1,268,294  

Orion Oyj Class A

      41,606         821,681  

Raisio PLC Class V(a)

      85,752         280,922  

Ramirent Oyj(a)

      52,456         457,555  

Stockmann Oyj Abp Class B

      39,442         848,803  

Tieto Oyj(a)

      69,297         1,300,265  

Tikkurila Oyj(a)

      20,978         396,976  

Uponor Oyj(a)

      60,602         697,280  
     

 

 

  
Total Finland         7,929,049  
France – 1.7%      

Havas S.A.(a)

      194,281         1,128,037  

IPSOS

      24,622         881,535  

LaCie S.A.

      35,528         162,282  

Plastic Omnium S.A.

      20,290         587,014  

Rallye S.A.

      62,819         2,357,009  

Rubis

      4,243         247,742  

Saft Groupe S.A.

      10,560         341,725  

Societe d’Edition de Canal+

      69,908         442,208  

Teleperformance S.A.

      31,490         898,462  
     

 

 

  
Total France               7,046,014  
Germany – 2.9%      

Bauer AG(a)

      7,596         233,063  

Bechtle AG

      20,505         912,037  

Carl Zeiss Meditec AG

      35,109         850,935  

Comdirect Bank AG

      107,775         1,244,783  

Delticom AG

      1,807         192,270  

Douglas Holding AG(a)

      15,588         693,335  

Drillisch AG

      81,247         973,770  

ElringKlinger AG

      21,444         613,118  

Freenet AG(a)

      37,017         597,955  

Gerry Weber International AG

      37,315         1,429,650  

H&R AG

      24,823         496,017  

Indus Holding AG

      39,754         1,225,570  

Kontron AG

      43,748         364,586  

Pfeiffer Vacuum Technology AG

      3,319         375,471  

Praktiker AG(a)

      26,344         64,481  

Solarworld AG(a)

      36,454         114,908  

Vossloh AG

      5,181         510,704  

Wincor Nixdorf AG

      15,878         780,029  

Wirecard AG

      38,770         737,018  
     

 

 

  
Total Germany               12,409,700  
Hong Kong – 1.8%      

China Everbright International Ltd.(a)

      748,000         351,649  

China Pharmaceutical Group Ltd.

      564,000         129,304  
     

China Power International Development Ltd.

      2,776,000       $ 607,831  

China South City Holdings Ltd.(a)

      2,650,000         358,385  

China Travel International Investment Hong Kong

      1,604,000         328,485  

Citic Telecom International Holdings Ltd.

      1,984,000         398,640  

CPMC Holdings Ltd.

      553,282         330,658  

Dah Chong Hong Holdings Ltd.

      867,000         920,155  

Dah Sing Banking Group Ltd.

      391,200         386,968  

Dah Sing Financial Holdings Ltd.

      102,400         354,786  

Guotai Junan International Holdings Ltd.

      910,999         275,740  

Shenzhen Investment Ltd.

      3,698,000         804,948  

Shougang Concord International Enterprises Co., Ltd.(a)

      3,406,000         199,605  

Shun Tak Holdings Ltd.(a)

      1,438,000         581,571  

Sinotruk Hong Kong Ltd.(a)

      1,412,000         818,393  

Vitasoy International Holdings Ltd.

      885,364         685,347  

Welling Holding Ltd.

      1,488,000         231,901  
     

 

 

  
Total Hong Kong               7,764,366  
Ireland – 0.7%      

C&C Group PLC

      144,701         743,815  

FBD Holdings PLC

      30,849         373,843  

Glanbia PLC

      118,379         876,508  

Grafton Group PLC

      82,493         342,750  

Greencore Group PLC

      357,187         435,156  

Kingspan Group PLC

      40,782         423,613  
     

 

 

  
Total Ireland               3,195,685  
Italy – 4.1%      

Amplifon SpA

      34,524         177,926  

Ansaldo STS SpA

      55,546         550,341  

Astaldi SpA

      70,015         557,103  

Azimut Holding SpA

      78,861         855,381  

Banca Generali SpA

      115,579         1,548,400  

Banca Popolare di Milano SCRL

      1,039,858         577,730  

BasicNet SpA

      77,302         223,386  

Brembo SpA

      58,456         668,696  

Cairo Communications SpA

      113,365         531,710  

CIR-Compagnie Industriali Riunite SpA

      139,679         197,357  

Cofide SpA

      238,968         164,368  

Credito Artigiano SpA

      165,332         263,106  

Credito Emiliano SpA

      90,406         427,397  

Danieli & Co. Officine Meccaniche SpA RSP

      32,044         475,377  

De’Longhi SpA

      54,293         670,239  

ERG SpA

      91,308         807,998  

Esprinet SpA

      55,984         290,313  

Fiat SpA RSP

      92,569         506,903  

Geox SpA(a)

      231,686         755,914  

Gruppo Editoriale L’Espresso SpA(a)

      235,560         332,517  

Immobiliare Grande Distribuzione

      399,113         484,993  

IMMSI SpA

      551,692         438,609  

Indesit Co. SpA

      64,526         401,633  

Intesa Sanpaolo SpA RSP

      557,449         858,904  

Italcementi SpA(a)

      56,005         388,571  

Italcementi SpA RSP

      51,418         167,075  

Maire Tecnimont SpA(a)

      144,946         122,571  

 

See Notes to Financial Statements.

 

92   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

MARR SpA

      99,601       $ 1,122,123  

Piaggio & C. SpA

      231,817         680,398  

Recordati SpA

      162,005         1,229,729  

Societa Cattolica di Assicurazioni SCRL

      37,056         748,601  

Trevi Finanziaria Industriale SpA

      25,408         150,299  
     

 

 

  
Total Italy               17,375,668  
Japan – 37.1%      

77 Bank Ltd. (The)

      131,000         581,019  

Achilles Corp.

      113,000         162,027  

ADEKA Corp.

      60,100         574,015  

Aeon Delight Co., Ltd.

      15,300         324,238  

Ai Holdings Corp.

      63,400         338,205  

Aica Kogyo Co., Ltd.

      73,900         1,066,811  

Aichi Steel Corp.

      120,000         622,638  

Air Water, Inc.

      75,000         973,328  

Akebono Brake Industry Co., Ltd.(a)

      69,600         400,880  

Akita Bank Ltd. (The)

      162,000         533,471  

Alfresa Holdings Corp.

      22,900         1,094,981  

Alpen Co., Ltd.

      19,800         397,708  

Alpine Electronics, Inc.

      23,900         324,398  

Alps Electric Co., Ltd.

      66,400         587,389  

Amano Corp.

      79,500         742,882  

Aomori Bank Ltd. (The)(a)

      107,000         332,851  

Arcs Co., Ltd.

      17,200         320,403  

Arnest One Corp.

      43,600         488,477  

ASKUL Corp.(a)

      23,600         417,255  

Atsugi Co., Ltd.

      268,000         345,197  

Avex Group Holdings, Inc.

      46,700         567,471  

Awa Bank Ltd. (The)

      62,000         382,721  

Axell Corp.(a)

      16,800         399,713  

Azbil Corp.

      42,400         942,852  

Bank of Nagoya Ltd. (The)

      138,000         498,038  

Bank of Saga Ltd. (The)

      166,000         476,043  

Bank of the Ryukyus Ltd.

      23,100         315,785  

Bookoff Corp.

      26,926         255,534  

Canon Electronics, Inc.

      22,800         586,242  

Canon Marketing Japan, Inc.

      59,500         767,112  

Capcom Co., Ltd.

      26,500         608,925  

Casio Computer Co., Ltd.(a)

      110,700         794,990  

Cawachi Ltd.

      13,400         319,796  

Central Glass Co., Ltd.

      75,000         330,822  

Century Tokyo Leasing Corp.

      55,910         1,135,253  

Chiyoda Co., Ltd.

      57,800         1,165,903  

Chukyo Bank Ltd. (The)

      150,000         390,060  

Circle K Sunkus Co., Ltd.

      8,600         185,073  

Citizen Holdings Co., Ltd.

      102,700         653,925  

Coca-Cola Central Japan Co., Ltd.

      39,700         517,627  

Coca-Cola West Co., Ltd.

      51,600         909,795  

COMSYS Holdings Corp.(a)

      76,700         835,084  

Daifuku Co., Ltd.

      31,500         183,729  

Daihen Corp.

      88,000         318,658  

Daisan Bank Ltd. (The)

      163,000         348,600  

Daishi Bank Ltd. (The)

      83,000         293,493  
     

DCM Holdings Co., Ltd.

      80,900       $ 645,863  

DIC Corp.(a)

      349,000         708,220  

Disco Corp.(a)

      7,600         422,504  

Doshisha Co., Ltd.

      12,900         373,699  

Doutor Nichires Holdings Co., Ltd.

      18,200         240,838  

Dowa Holdings Co., Ltd.(a)

      163,000         1,089,374  

DTS Corp.

      35,700         468,510  

EDION Corp.(a)

      56,400         397,497  

Ehime Bank Ltd. (The)

      181,000         519,059  

Exedy Corp.

      10,800         309,584  

Ezaki Glico Co., Ltd.

      56,000         675,715  

Fancl Corp.(a)

      44,700         605,089  

Foster Electric Co., Ltd.(a)

      17,200         252,895  

Fuji Electric Co., Ltd.(a)

      178,000         471,523  

Fuji Oil Co., Ltd.

      39,900         570,658  

Fuji Seal International, Inc.

      15,600         297,233  

Fuji Soft, Inc.

      16,100         310,086  

Fujikura Ltd.

      92,000         308,548  

Fujitec Co., Ltd.

      64,000         424,619  

Fukuyama Transporting Co., Ltd.(a)

      157,000         858,497  

Furukawa-Sky Aluminum Corp.

      93,000         299,471  

Goldcrest Co., Ltd.

      22,220         408,246  

Gunze Ltd.

      185,000         544,018  

Gurunavi, Inc.

      30,955         335,147  

H2O Retailing Corp.(a)

      82,000         716,423  

Hakuhodo DY Holdings, Inc.(a)

      7,380         466,322  

Hanwa Co., Ltd.

      105,000         479,738  

Heiwa Real Estate Co., Ltd.

      269,500         736,831  

Heiwado Co., Ltd.

      30,400         412,253  

Higo Bank Ltd. (The)

      67,000         398,931  

Hikari Tsushin, Inc.

      7,300         215,731  

Hitachi Capital Corp.

      66,800         1,000,032  

Hitachi Koki Co., Ltd.

      51,500         473,729  

Hitachi Kokusai Electric, Inc.

      42,000         387,363  

Hitachi Transport System Ltd.(a)

      40,900         747,974  

Hitachi Zosen Corp.

      266,500         349,742  

Hodogaya Chemical Co., Ltd.

      47,000         156,486  

Hogy Medical Co., Ltd.

      6,800         305,316  

Hokkoku Bank Ltd. (The)

      95,000         359,013  

Hokuetsu Bank Ltd. (The)

      296,000         636,636  

Hokuetsu Kishu Paper Co., Ltd.(a)

      123,000         823,537  

Hokuto Corp.

      31,600         669,285  

Hoshizaki Electric Co., Ltd.

      19,700         467,275  

House Foods Corp.

      51,100         878,626  

Hyakugo Bank Ltd. (The)

      36,000         166,669  

Hyakujushi Bank Ltd. (The)

      175,000         818,701  

Ichiyoshi Securities Co., Ltd.

      30,800         217,821  

Iino Kaiun Kaisha Ltd.

      63,100         287,533  

Inaba Denki Sangyo Co., Ltd.

      26,400         796,860  

Inabata & Co., Ltd.

      57,000         397,570  

Ines Corp.

      44,900         360,095  

IT Holdings Corp.

      29,400         345,819  

Ito En Ltd.

      50,400         909,460  

Itochu Enex Co., Ltd.

      96,700         574,595  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      93   

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Itochu Techno-Solutions Corp.(a)

      21,400       $ 963,449  

Iwatani Corp.

      164,000         550,021  

Izumi Co., Ltd.

      46,500         882,028  

J Front Retailing Co., Ltd.

      199,000         1,117,176  

Jaccs Co., Ltd.

      105,000         376,390  

Jafco Co., Ltd.

      16,900         412,155  

Japan Aviation Electronics Industry Ltd.

      41,000         357,215  

Japan Vilene Co., Ltd.

      75,000         349,049  

Japan Wool Textile Co., Ltd. (The)

      61,000         478,097  

JFE Shoji Holdings, Inc.(a)

      123,000         645,677  

J-Oil Mills, Inc.(a)

      131,000         378,857  

Joshin Denki Co., Ltd.

      28,000         278,316  

Juroku Bank Ltd. (The)

      196,000         678,778  

Kaga Electronics Co., Ltd.

      20,700         218,332  

Kagome Co., Ltd.(a)

      22,100         435,045  

Kagoshima Bank Ltd. (The)

      84,000         538,939  

Kaken Pharmaceutical Co., Ltd.

      87,000         1,102,631  

Kandenko Co., Ltd.

      60,000         293,092  

Kappa Create Co., Ltd.*(a)

      14,550         314,709  

Kasumi Co., Ltd.

      64,700         436,339  

Keihin Corp.(a)

      8,400         156,374  

Keisei Electric Railway Co., Ltd.(a)

      76,000         591,044  

Keiyo Bank Ltd. (The)

      104,000         501,707  

Keiyo Co., Ltd.(a)

      55,800         351,907  

Kewpie Corp.

      75,600         1,119,830  

Kikkoman Corp.(a)

      67,000         779,136  

Kinki Sharyo Co., Ltd.

      84,000         321,526  

Kiyo Holdings, Inc.

      431,800         645,378  

Kobayashi Pharmaceutical Co., Ltd.(a)

      8,300         417,547  

Komeri Co., Ltd.(a)

      22,200         636,367  

Komori Corp.

      49,300         427,133  

Kose Corp.

      25,800         587,824  

K’s Holdings Corp.

      9,900         320,958  

Kurabo Industries Ltd.

      275,000         538,004  

Kureha Corp.

      31,000         149,924  

Kuroda Electric Co., Ltd.

      31,600         349,810  

KYB Co., Ltd.(a)

      28,000         171,140  

Kyokuyo Co., Ltd.(a)

      65,000         156,389  

KYORIN Holdings, Inc.

      56,000         1,066,310  

Kyoritsu Maintenance Co., Ltd.

      18,400         389,039  

Kyudenko Corp.

      67,000         395,674  

Lintec Corp.

      8,400         171,276  

Lion Corp.

      163,000         938,842  

Maeda Corp.

      108,000         477,696  

Maeda Road Construction Co., Ltd.

      53,000         662,701  

Mars Engineering Corp.

      26,900         599,812  

Maruha Nichiro Holdings, Inc.

      250,000         440,488  

Marui Group Co., Ltd.

      122,600         1,027,936  

Matsuda Sangyo Co., Ltd.

      23,800         392,738  

Matsumotokiyoshi Holdings Co., Ltd.(a)

      27,000         588,918  

Max Co., Ltd.

      35,000         442,736  

Medipal Holdings Corp.

      100,300         1,306,539  

Meitec Corp.

      13,900         281,902  

Michinoku Bank Ltd. (The)

      200,000         410,718  
     

Mikuni Coca-Cola Bottling Co., Ltd.

      33,800       $ 290,377  

Mimasu Semiconductor Industry Co., Ltd.

      28,000         268,109  

Minebea Co., Ltd.

      118,000         517,626  

Miraca Holdings, Inc.

      13,300         522,012  

Mitsubishi Logistics Corp.

      49,000         581,724  

Mitsui Engineering & Shipbuilding Co., Ltd.(a)

      326,000         570,436  

Mitsui Home Co., Ltd.

      73,000         398,287  

Mitsui Mining & Smelting Co., Ltd.

      155,000         438,848  

Mitsui-Soko Co., Ltd.

      102,000         437,524  

Mitsumi Electric Co., Ltd.*

      22,300         193,206  

Miura Co., Ltd.

      30,500         794,975  

Miyazaki Bank Ltd. (The)

      140,000         399,781  

Mochida Pharmaceutical Co., Ltd.

      75,000         889,483  

Monex Group, Inc.(a)

      1,628         358,063  

Morinaga & Co., Ltd.

      159,000         370,958  

Morinaga Milk Industry Co., Ltd.

      134,000         529,194  

Moshi Moshi Hotline, Inc.

      67,100         674,302  

Musashino Bank Ltd. (The)

      19,000         657,537  

Nagoya Railroad Co., Ltd.(a)

      142,000         393,414  

NEC Fielding Ltd.

      24,500         321,228  

NEC Networks & System Integration Corp.

      28,600         410,781  

Nichii Gakkan Co.

      32,600         438,919  

Nichirei Corp.

      170,000         801,507  

Nidec Copal Corp.

      30,500         400,267  

Nidec Sankyo Corp.

      74,000         448,703  

Nifco, Inc.

      15,900         437,035  

Nihon Dempa Kogyo Co., Ltd.(a)

      19,400         293,964  

Nihon Kohden Corp.

      15,000         403,913  

Nihon Nohyaku Co., Ltd.

      61,000         273,516  

Nihon Unisys Ltd.

      66,800         470,794  

Nippo Corp.

      47,000         524,856  

Nippon Carbon Co., Ltd.

      108,000         305,778  

Nippon Denko Co., Ltd.

      45,000         221,459  

Nippon Kayaku Co., Ltd.

      97,000         999,526  

Nippon Konpo Unyu Soko Co., Ltd.

      45,000         556,109  

Nippon Paint Co., Ltd.

      66,000         502,849  

Nippon Sharyo Ltd.(a)

      78,000         324,151  

Nippon Shinyaku Co., Ltd.

      24,000         297,758  

Nippon Signal Co., Ltd. (The)

      46,000         288,985  

Nippon Soda Co., Ltd.

      72,000         331,588  

Nippon Steel Trading Co., Ltd.

      100,000         326,873  

Nippon Suisan Kaisha Ltd.(a)

      182,600         625,715  

Nipro Corp.(a)

      66,000         494,830  

Nishimatsu Construction Co., Ltd.

      210,000         495,048  

Nishi-Nippon City Bank Ltd. (The)

      268,000         762,039  

Nishi-Nippon Railroad Co., Ltd.

      188,000         888,657  

Nissan Chemical Industries Ltd.(a)

      74,200         700,570  

Nissan Shatai Co., Ltd.

      49,000         515,633  

Nisshin Oillio Group Ltd. (The)

      104,000         432,201  

Nisshin Steel Co., Ltd.

      234,000         395,237  

Nisshinbo Holdings, Inc.

      64,000         608,931  

Nissin Corp.

      107,000         284,744  

Nissin Kogyo Co., Ltd.(a)

      21,900         359,522  

Nitto Boseki Co., Ltd.(a)

      142,000         559,062  

 

See Notes to Financial Statements.

 

94   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

NOF Corp.

      130,000       $ 636,612  

NS Solutions Corp.

      29,400         569,459  

NS United Kaiun Kaisha Ltd.*(a)

      137,000         223,076  

Ogaki Kyoritsu Bank Ltd. (The)

      23,000         83,286  

Oita Bank Ltd. (The)

      120,000         384,957  

Okinawa Electric Power Co., Inc. (The)

      9,000         374,020  

Onward Holdings Co., Ltd.

      113,000         926,849  

Otsuka Corp.

      13,300         1,087,660  

Paltac Corp.

      26,836         387,401  

PanaHome Corp.

      90,000         617,899  

Parco Co., Ltd.

      43,200         417,853  

Park24 Co., Ltd.

      115,100         1,559,469  

Pigeon Corp.

      9,900         371,122  

Plenus Co., Ltd.

      44,900         816,760  

Point, Inc.

      4,930         183,014  

Pola Orbis Holdings, Inc.

      16,216         486,707  

Raito Kogyo Co., Ltd.

      26,300         155,317  

Rengo Co., Ltd.

      117,000         814,642  

Resorttrust, Inc.(a)

      42,500         693,572  

Round One Corp.(a)

      53,500         354,955  

Ryobi Ltd.

      75,000         286,166  

Ryoden Trading Co., Ltd.

      52,000         315,305  

Ryohin Keikaku Co., Ltd.

      15,500         806,124  

Ryosan Co., Ltd.

      6,900         139,518  

San-Ai Oil Co., Ltd.

      63,000         329,182  

San-In Godo Bank Ltd. (The)

      69,000         549,183  

Sanken Electric Co., Ltd.*

      51,622         246,521  

Sanki Engineering Co., Ltd.

      83,000         450,829  

Sankyu, Inc.

      168,000         661,425  

Sanshin Electronics Co., Ltd.

      29,300         248,157  

Sanyo Chemical Industries Ltd.

      89,000         596,974  

Sanyo Shokai Ltd.

      84,000         228,641  

Sanyo Special Steel Co., Ltd.(a)

      54,000         294,623  

Sapporo Hokuyo Holdings, Inc.

      77,700         287,970  

Sapporo Holdings Ltd.

      142,000         528,003  

Sasebo Heavy Industries Co., Ltd.(a)

      217,000         363,886  

SBI Holdings, Inc.

      5,524         524,241  

Scroll Corp.

      96,608         388,569  

SCSK Corp.(a)

      28,900         460,742  

Seino Holdings Corp.

      76,000         552,257  

Sekisui Plastics Co., Ltd.

      76,000         279,823  

Senko Co., Ltd.

      106,000         427,632  

Senshu Ikeda Holdings, Inc.

      471,100         658,321  

Shiga Bank Ltd. (The)

      82,000         493,226  

Shikoku Bank Ltd. (The)

      132,000         497,236  

Shimachu Co., Ltd.

      16,000         379,124  

Shinko Electric Industries Co., Ltd.(a)

      61,900         607,755  

Shinko Plantech Co., Ltd.

      35,700         305,833  

Shinmaywa Industries Ltd.

      142,000         710,906  

Sinanen Co., Ltd.

      111,000         488,268  

SMK Corp.

      84,000         292,946  

Sotetsu Holdings, Inc.(a)

      196,000         616,854  

Square Enix Holdings Co., Ltd.(a)

      48,100         1,015,831  

Star Micronics Co., Ltd.

      30,100         299,921  
     

Sumitomo Bakelite Co., Ltd.(a)

      145,000       $ 768,212  

Sumitomo Osaka Cement Co., Ltd.

      179,000         524,200  

Sumitomo Warehouse Co., Ltd. (The)

      111,000         575,940  

Sundrug Co., Ltd.

      12,900         401,288  

Suruga Bank Ltd.

      85,000         872,775  

Suzuken Co., Ltd.

      49,200         1,525,711  

Taiheiyo Cement Corp.(a)

      206,000         460,587  

Taiyo Holdings Co., Ltd.(a)

      31,600         852,445  

Taiyo Yuden Co., Ltd.(a)

      23,000         246,503  

Takaoka Electric Manufacturing Co., Ltd.(a)

      52,000         161,760  

Takara Holdings, Inc.

      25,000         171,031  

Takara Standard Co., Ltd.

      75,000         557,750  

Takashimaya Co., Ltd.

      112,000         934,978  

Tamron Co., Ltd.

      12,300         398,915  

Tochigi Bank Ltd. (The)

      87,000         325,609  

Toda Corp.

      45,000         152,014  

Toei Co., Ltd.

      91,000         472,167  

Toho Bank Ltd. (The)

      93,000         319,813  

Toho Holdings Co., Ltd.

      40,600         725,220  

Tohoku Bank Ltd. (The)

      225,051         410,203  

Tokai Carbon Co., Ltd.

      74,000         396,549  

Tokai Rika Co., Ltd.

      30,800         531,080  

Tokai Rubber Industries Ltd.

      31,000         394,021  

Tokai Tokyo Financial Holdings, Inc.

      106,580         400,185  

Tokuyama Corp.(a)

      89,000         277,939  

Tokyo Energy & Systems, Inc.

      66,000         391,372  

TOMONY Holdings, Inc.

      111,049         542,459  

Toppan Forms Co., Ltd.

      54,200         499,882  

Toshiba Plant Systems & Services Corp.

      40,000         462,726  

Toshiba TEC Corp.

      140,000         557,993  

Touei Housing Corp.

      25,400         269,756  

Toyo Corp.

      24,600         269,032  

Toyo Ink SC Holdings Co., Ltd.

      193,000         799,721  

Toyo Tire & Rubber Co., Ltd.

      124,000         348,065  

Toyobo Co., Ltd.

      166,000         238,022  

TS Tech Co., Ltd.

      22,400         441,767  

Tsukuba Bank Ltd.

      92,700         326,666  

Tsumura & Co.(a)

      20,200         586,891  

Uchida Yoko Co., Ltd.

      109,000         348,344  

Ulvac, Inc.*(a)

      10,400         114,875  

Union Tool Co.

      11,500         215,481  

UNY Co., Ltd.

      82,100         893,877  

Valor Co., Ltd.

      43,200         723,893  

Wacoal Holdings Corp.(a)

      36,000         429,139  

Xebio Co., Ltd.

      20,700         555,136  

Yamagata Bank Ltd. (The)

      74,000         353,387  

Yamaha Corp.

      38,900         405,568  

Yamato Kogyo Co., Ltd.

      12,800         375,624  

Yodogawa Steel Works Ltd.

      90,000         394,799  

Yokohama Rubber Co., Ltd. (The)

      141,000         1,021,156  
     

 

 

  
Total Japan               157,214,046  
Netherlands – 1.6%      

Arcadis N.V.

      41,359         863,069  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      95   

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

ASM International N.V.

      10,037       $ 385,617  

Beter Bed Holding N.V.

      15,719         353,767  

BinckBank N.V.

      73,559         797,186  

CSM

      30,459         546,171  

Exact Holding N.V.

      34,993         824,823  

Koninklijke BAM Groep N.V.

      47,205         221,780  

Koninklijke Wessanen N.V.

      49,924         174,121  

Mediq N.V.

      31,901         500,869  

Sligro Food Group N.V.

      27,735         899,729  

TKH Group N.V.

      36,151         980,418  

USG People N.V.

      21,196         212,547  
     

 

 

  
Total Netherlands               6,760,097  
New Zealand – 2.6%      

Air New Zealand Ltd.

      1,210,588         843,214  

DNZ Property Fund Ltd.

      149,880         167,034  

Fisher & Paykel Healthcare Corp., Ltd.

      377,851         693,571  

Freightways Ltd.

      299,708         970,103  

Infratil Ltd.

      103,911         160,933  

Kathmandu Holdings Ltd.

      176,771         236,232  

Nuplex Industries Ltd.

      132,487         279,016  

Ryman Healthcare Ltd.

      322,004         815,346  

Sky Network Television Ltd.

      301,634         1,280,361  

SKYCITY Entertainment Group Ltd.

      599,454         1,935,417  

Tower Ltd.

      544,549         745,205  

Vector Ltd.

      1,169,957         2,483,088  

Warehouse Group Ltd. (The)

      251,237         574,394  
     

 

 

  
Total New Zealand               11,183,914  
Norway – 2.1%      

ABG Sundal Collier Holding ASA

      881,320         763,268  

Aker ASA Class A

      64,424         2,106,412  

Atea ASA

      105,800         1,275,191  

Austevoll Seafood ASA

      144,401         551,878  

Leroey Seafood Group ASA

      19,607         323,114  

Sparebank 1 Nord Norge

      40,694         226,155  

SpareBank 1 SMN(a)

      71,903         461,365  

SpareBank 1 SR Bank ASA(a)

      74,755         537,330  

Tomra Systems ASA

      122,274         996,790  

Veidekke ASA

      188,826         1,602,226  
     

 

 

  
Total Norway               8,843,729  
Portugal – 0.8%      

Mota–Engil, SGPS, S.A.

      2,270         3,679  

REN – Redes Energeticas Nacionais S.A.

      72,491         219,137  

Semapa-Sociedade de Investimento e Gestao, SGPS, S.A.*(a)

      59,891         440,816  

Sonae(a)

      1,709,621         1,015,409  

Sonaecom – SGPS S.A.(a)

      307,467         497,486  

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

      309,732         1,051,799  
     

 

 

  
Total Portugal               3,228,326  
Singapore – 3.6%      

Baker Technology Ltd.

      1,120,323         271,761  

China Aviation Oil Singapore Corp., Ltd.

      509,000         473,639  
     

Chip Eng Seng Corp., Ltd.

      1,057,000       $ 437,142  

Cityspring Infrastructure Trust

      1,695,649         519,207  

CSE Global Ltd.

      283,000         185,688  

First Resources Ltd.(a)

      463,000         703,328  

Goodpack Ltd.

      127,000         178,781  

Hi-P International Ltd.

      814,000         637,682  

Ho Bee Investment Ltd.

      158,000         177,182  

Hong Leong Asia Ltd.

      274,000         423,852  

Hyflux Ltd.(a)

      382,500         454,796  

K-Green Trust(a)

      480,000         377,938  

M1 Ltd.

      798,000         1,612,057  

Midas Holdings Ltd.

      422,000         127,538  

Otto Marine Ltd.

      1,692,274         170,930  

Raffles Medical Group Ltd.

      91,000         167,909  

Rotary Engineering Ltd.

      604,000         341,066  

Sabana Shari’ah Compliant Industrial Real Estate Investment Trust

      685,951         521,003  

SC Global Developments Ltd.

      424,000         360,822  

Singapore Post Ltd.

      1,695,000         1,375,035  

STX OSV Holdings Ltd.

      349,855         491,108  

Super Group Ltd.

      123,000         176,574  

Tat Hong Holdings Ltd.

      486,000         359,470  

United Engineers Ltd.

      326,000         653,374  

UOB-Kay Hian Holdings Ltd.

      862,000         1,158,611  

Venture Corp., Ltd.

      273,000         1,849,891  

Wing Tai Holdings Ltd.

      774,000         787,943  

Yongnam Holdings Ltd.

      1,141,943         231,595  
     

 

 

  
Total Singapore               15,225,922  
Spain – 1.4%      

Almirall S.A.

      148,116         1,288,017  

Antena 3 de Television S.A.(a)

      262,841         1,568,113  

Caja de Ahorros del Mediterraneo(a)

      46,484         82,950  

Duro Felguera S.A.

      202,889         1,315,812  

Gamesa Corp. Tecnologica S.A.(a)

      71,879         227,912  

Grupo Empresarial Ence S.A.

      156,442         388,542  

Melia Hotels International S.A.

      24,600         167,075  

Viscofan S.A.

      20,329         908,270  
     

 

 

  
Total Spain               5,946,691  
Sweden – 4.7%      

AarhusKarlshamn AB(a)

      21,892         689,553  

Atrium Ljungberg AB Class B

      20,943         248,399  

Axfood AB

      35,920         1,287,314  

Axis Communications AB

      49,423         1,333,271  

Bilia AB Class A

      36,142         712,180  

Billerud AB

      72,930         673,207  

Fabege AB(a)

      194,765         1,674,568  

Hoganas AB Class B

      18,824         685,118  

Holmen AB Class B

      34,584         947,036  

Husqvarna AB Class A(a)

      73,813         440,741  

Intrum Justitia AB

      82,119         1,361,358  

Investment AB Oresund*

      35,440         568,826  

JM AB

      42,149         778,143  

Kungsleden AB

      109,431         758,638  

 

See Notes to Financial Statements.

 

96   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Lindab International AB

      25,334       $ 201,592  

Loomis AB Class B

      58,842         838,022  

Mekonomen AB

      32,517         1,041,371  

MQ Holding AB

      88,418         338,462  

NCC AB Class B

      77,720         1,633,967  

New Wave Group AB Class B

      41,737         215,121  

Nibe Industrier AB Class B

      20,432         325,632  

Nolato AB Class B

      20,136         213,185  

SkiStar AB

      32,926         400,698  

SSAB AB Class B(a)

      26,286         214,516  

Svenska Cellulosa AB Class A(a)

      54,439         938,582  

Wihlborgs Fastigheter AB

      113,257         1,595,926  
     

 

 

  
Total Sweden               20,115,426  
Switzerland – 0.3%      

EFG International AG*

      41,057         399,736  

Kudelski S.A.

      14,091         100,712  

Mobilezone Holding AG

      86,807         984,424  
     

 

 

  
Total Switzerland               1,484,872  
United Kingdom – 13.3%      

Ashtead Group PLC

      193,520         798,964  

BBA Aviation PLC

      355,807         1,216,570  

Bellway PLC

      26,030         340,202  

Bodycote PLC

      125,611         775,084  

Booker Group PLC

      444,185         598,274  

Brewin Dolphin Holdings PLC

      319,228         902,783  

Britvic PLC

      142,348         874,949  

Cable & Wireless Communications PLC

      4,838,934         2,496,472  

Cable & Wireless Worldwide PLC

      3,512,168         1,907,933  

Chemring Group PLC

      51,519         335,432  

Chesnara PLC

      171,014         510,954  

Cineworld Group PLC

      243,063         843,699  

Close Brothers Group PLC

      138,933         1,742,545  

Computacenter PLC

      117,377         827,048  

Cranswick PLC

      30,065         386,693  

De La Rue PLC

      79,221         1,139,178  

Debenhams PLC

      337,421         435,605  

Domino Printing Sciences PLC

      78,638         701,093  

Domino’s Pizza UK & IRL PLC

      23,669         163,219  

DS Smith PLC

      278,333         796,470  

Dunelm Group PLC

      98,973         820,716  

Electrocomponents PLC

      249,574         988,120  

Elementis PLC

      291,787         860,610  

Euromoney Institutional Investor PLC

      58,306         708,004  

F&C Asset Management PLC

      147,618         157,788  

Fenner PLC

      59,344         411,031  

Fidessa Group PLC

      21,704         573,914  

Filtrona PLC

      137,655         1,044,707  

Game Group PLC(a)†

      614,597         —   

Greene King PLC

      188,485         1,544,910  

Halfords Group PLC

      180,792         897,201  

Hill & Smith Holdings PLC

      90,300         483,327  

Hunting PLC

      87,455         1,323,954  

Interserve PLC

      215,109         1,001,170  
     

ITE Group PLC

      241,927       $ 858,117  

JD Wetherspoon PLC

      60,770         399,450  

Jupiter Fund Management PLC

      104,654         416,188  

Kcom Group PLC

      198,814         233,477  

Kesa Electricals PLC

      415,730         464,963  

Kier Group PLC

      47,685         863,980  

Ladbrokes PLC

      671,339         1,717,284  

Laird PLC

      202,794         697,279  

London & Stamford Property PLC

      465,106         820,408  

Marston’s PLC

      439,331         688,604  

Mears Group PLC

      69,812         284,990  

Micro Focus International PLC

      67,281         508,467  

Mitie Group PLC

      39,851         177,963  

Moneysupermarket.com Group PLC

      494,358         1,002,333  

Morgan Crucible Co. PLC

      191,622         985,848  

Morgan Sindall Group PLC

      83,371         903,137  

Mothercare PLC

      82,904         219,883  

N. Brown Group PLC

      220,759         818,305  

National Express Group PLC

      171,835         661,390  

Phoenix IT Group Ltd.

      63,998         199,137  

Premier Farnell PLC

      293,837         1,007,500  

Promethean World PLC

      235,205         279,031  

Provident Financial PLC

      155,850         2,853,648  

Renishaw PLC(a)

      13,796         293,166  

Rightmove PLC

      26,354         611,395  

RPC Group PLC

      128,214         753,863  

RPS Group PLC

      135,663         513,928  

RSM Tenon Group PLC

      695,695         94,370  

Savills PLC

      148,834         897,693  

Shanks Group PLC

      164,740         259,923  

Smiths News PLC

      329,036         466,574  

Sportingbet PLC

      501,996         302,779  

St. Modwen Properties PLC

      10,365         30,596  

Sthree PLC

      125,651         673,546  

Synergy Health PLC

      43,488         589,910  

TalkTalk Telecom Group PLC

      130,459         284,522  

Telecom Plus PLC

      71,695         792,691  

Tullett Prebon PLC

      172,849         966,593  

Ultra Electronics Holdings PLC

      26,836         749,923  

Victrex PLC

      31,712         684,016  

WH Smith PLC

      116,245         1,012,231  

Wilmington Group PLC

      164,223         257,796  

WS Atkins PLC

      19,298         226,317  

WSP Group PLC

      54,419         220,413  
     

 

 

  
Total United Kingdom               56,352,246  
TOTAL COMMON STOCKS
(Cost: $381,677,298)		               420,278,987  
EXCHANGE-TRADED FUNDS – 0.1%      
United States – 0.1%      

WisdomTree Europe SmallCap Dividend Fund(a)(c)

      3,286         126,577  

WisdomTree Japan SmallCap Dividend Fund(c)

      2,317         105,609  
     

 

 

  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $197,706)		               232,186  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      97   

Table of Contents

Schedule of Investments (concluded)

WisdomTree International SmallCap Dividend Fund (DLS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.7%      
MONEY MARKET FUND – 12.7%      
Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)
(Cost: $53,904,019)(e)		      53,904,019       $ 53,904,019  
TOTAL INVESTMENTS IN SECURITIES – 111.8%
(Cost: $435,779,023)		          474,415,192   

Liabilities in Excess of Foreign Currency and Other Assets – (11.8)%

         (50,150,849 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 424,264,343  

RSP – Risparmio Italian Savings Shares

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $49,974,592 and the total market value of the collateral held by the Fund was $53,904,019.

 

See Notes to Financial Statements.

 

98   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.5%      
Argentina – 1.6%      

Banco Macro S.A. ADR

      310,057       $ 6,080,218  

BBVA Banco Frances S.A. ADR

      1,238,716         7,469,457  

IRSA Inversiones y Representaciones S.A. ADR

      205,974         2,082,397  

Telecom Argentina S.A. ADR

      219,593         3,891,188  

YPF S.A. ADR

      1,325,439         37,655,722  
     

 

 

  
Total Argentina               57,178,982  
Brazil – 21.1%      

AES Tiete S.A.

      1,185,492         16,154,871  

Banco do Brasil S.A.

      6,718,632         95,496,425  

Banco Santander Brasil S.A.

      9,663,700         88,993,126  

BM&F Bovespa S.A.

      4,997,100         30,651,510  

CCR S.A.

      4,420,700         35,791,119  

Cia de Bebidas das Americas

      3,612,400         124,749,877  

Cia de Saneamento de Minas Gerais-COPASA

      459,000         10,813,912  

Cia Energetica de Minas Gerais

      1,137,505         23,295,065  

Cia Siderurgica Nacional S.A.

      3,947,000         37,126,854  

Cielo S.A.

      2,076,766         70,136,246  

CPFL Energia S.A.

      2,905,180         43,666,083  

EDP – Energias do Brasil S.A.

      436,700         9,900,736  

Equatorial Energia S.A.

      1,273,000         9,420,325  

Eternit S.A.

      242,200         1,218,767  

Helbor Empreendimentos S.A.

      325,744         4,892,499  

JHSF Participacoes S.A.

      2,739,683         8,980,598  

Light S.A.

      1,275,939         17,939,941  

Natura Cosmeticos S.A.

      678,500         14,672,381  

Paranapanema S.A.

      1,933,082         3,380,218  

Redecard S.A.

      2,920,000         56,741,764  

Souza Cruz S.A.

      3,785,100         57,680,085  

Sul America S.A.

      630,717         5,846,311  
     

 

 

  
Total Brazil               767,548,713  
Chile – 5.2%      

AES Gener S.A.

      18,699,926         11,475,851  

Aguas Andinas S.A. Class A

      15,341,615         9,176,998  

Banco de Chile

      225,458,682         35,628,153  

Banco Santander Chile

      446,252,505         37,060,487  

Cia General de Electricidad S.A.

      608,796         3,190,333  

Corpbanca

      821,621,668         11,081,752  

Empresa Nacional de Electricidad S.A.

      14,216,508         25,614,178  

Enersis S.A.

      60,075,430         24,380,914  

ENTEL Chile S.A.

      824,944         16,686,801  

Inversiones Aguas Metropolitanas S.A.

      2,444,319         4,131,032  

Quinenco S.A.

      3,397,986         10,705,239  
     

 

 

  
Total Chile               189,131,738  
China – 2.8%      

Bank of China Ltd. Class H

      184,624,000         74,429,820  

Beijing Capital Land Ltd. Class H

      5,916,000         1,668,732  

Great Wall Technology Co., Ltd. Class H

      970,000         224,884  

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

      7,405,200         8,822,527  
     

Huaneng Power International, Inc. Class H(a)

      17,502,000       $ 9,512,937  

Jiangsu Expressway Co., Ltd. Class H

      1,265,646         1,224,240  

Weiqiao Textile Co., Ltd. Class H

      3,057,500         1,575,219  

Xiamen International Port Co., Ltd. Class H

      3,630,000         481,569  

Xinjiang Xinxin Mining Industry Co., Ltd. Class H

      9,509,000         2,669,966  

Zhejiang Expressway Co., Ltd. Class H

      4,172,724         3,117,182  
     

 

 

  
Total China               103,727,076  
Czech Republic – 3.3%      

CEZ AS(a)

      1,460,486         62,483,488  

Komercni Banka AS(a)

      97,004         19,235,420  

Telefonica Czech Republic AS(a)

      1,777,258         37,137,104  
     

 

 

  
Total Czech Republic               118,856,012  
Hungary – 0.3%      

Magyar Telekom Telecommunications PLC

      4,749,496         12,394,835  
Indonesia – 1.8%      

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

      48,078,494         5,836,300  

Perusahaan Gas Negara Persero Tbk PT

      46,131,000         19,170,801  

Telekomunikasi Indonesia Persero Tbk PT

      32,800,500         25,109,744  

Vale Indonesia Tbk PT

      42,341,000         15,627,830  
     

 

 

  
Total Indonesia               65,744,675  
Israel – 3.3%      

Amot Investments Ltd.

      1,823,239         4,758,713  

Bank Leumi Le-Israel BM

      4,697,394         14,796,538  

Bezeq The Israeli Telecommunication Corp., Ltd.

      15,724,090         25,825,164  

British Israel Investments Ltd.

      1,294,879         4,843,573  

Cellcom Israel Ltd.

      870,707         11,031,773  

Clal Industries and Investments Ltd.

      522,235         1,928,101  

Clal Insurance Enterprise Holdings, Ltd.

      176,601         2,609,961  

Delek Automotive Systems Ltd.

      13,158         106,705  

Delek Group Ltd.

      41,326         8,086,878  

Discount Investment Corp.

      792,531         4,340,967  

First International Bank of Israel Ltd.*

      811,628         8,777,315  

Harel Insurance Investments & Financial Services Ltd.

      129,965         4,475,871  

Ituran Location and Control Ltd.

      12,765         171,577  

Jerusalem Economy Ltd.*

      891,962         6,215,830  

Mizrahi Tefahot Bank Ltd.

      625,214         5,635,019  

Osem Investments Ltd.

      118,413         1,823,458  

Partner Communications Co., Ltd.

      585,600         4,518,343  

Phoenix Holdings Ltd. (The)

      1,085,442         2,617,297  

Shikun & Binui Ltd.

      1,111,378         1,928,726  

Shufersal Ltd.

      1,841,616         6,704,913  
     

 

 

  
Total Israel               121,196,722  
Malaysia – 9.1%      

Batu Kawan Bhd

      440,100         2,683,554  

Berjaya Sports Toto Bhd

      2,542,000         3,626,094  

Boustead Holdings Bhd

      3,655,097         6,478,595  

British American Tobacco Malaysia Bhd

      603,150         11,147,496  

DiGi.Com Bhd

      28,683,200         38,013,316  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      99   

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Lafarge Malayan Cement Bhd

      2,844,627       $ 6,685,593  

Malayan Banking Bhd

      29,104,600         84,268,909  

Maxis Bhd

      18,743,800         37,261,218  

MISC Bhd

      12,336,717         21,665,264  

OSK Holdings Bhd

      1,660,200         921,280  

Petronas Dagangan Bhd

      2,485,600         15,367,150  

Petronas Gas Bhd

      5,612,372         30,851,100  

Pharmaniaga Bhd†*

      33,599         55,605  

Public Bank Bhd

      8,015,376         35,687,850  

Sunway Bhd*

      1,373,630         1,179,255  

Telekom Malaysia Bhd

      13,355,355         23,192,587  

UMW Holdings Bhd

      3,337,800         7,953,628  

YTL Power International Bhd

      10,097,237         6,097,564  
     

 

 

  
Total Malaysia               333,136,058  
Mexico – 2.1%      

Bolsa Mexicana de Valores S.A.B de C.V.

      1,327,500         2,681,839  

Grupo Aeroportuario del Centro Norte
S.A.B de C.V.

      812,237         1,647,870  

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

      1,720,600         6,351,600  

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

      1,027,616         7,037,411  

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

      861,895         41,741,406  

Kimberly-Clark de Mexico S.A.B de C.V. Class A

      7,064,414         15,666,836  
     

 

 

  
Total Mexico               75,126,962  
Philippines – 2.4%      

Aboitiz Equity Ventures, Inc.

      15,445,600         18,023,164  

Aboitiz Power Corp.

      16,945,000         13,379,189  

Globe Telecom, Inc.

      661,345         17,467,456  

Philippine Long Distance Telephone Co.

      463,675         29,158,554  

Semirara Mining Corp.

      1,443,830         8,232,202  
     

 

 

  
Total Philippines               86,260,565  
Poland – 2.4%      

Bank Handlowy w Warszawie S.A.

      161,431         3,964,863  

Bank Pekao S.A.

      492,449         24,474,027  

Powszechna Kasa Oszczednosci Bank Polski S.A.

      2,534,110         27,300,916  

Telekomunikacja Polska S.A.

      5,787,123         31,711,534  
     

 

 

  
Total Poland               87,451,340  
Russia – 1.5%      

Mobile Telesystems OJSC ADR

      2,899,769         53,181,764  
South Africa – 9.4%      

African Bank Investments Ltd.

      3,203,501         16,638,311  

Allied Technologies Ltd.

      265,289         1,849,354  

Astral Foods Ltd.

      187,145         3,048,143  

Aveng Ltd.

      564,405         2,874,773  

AVI Ltd.

      742,705         4,489,395  

City Lodge Hotels Ltd.

      411,345         4,247,688  

Coronation Fund Managers Ltd.

      985,341         3,659,136  

FirstRand Ltd.

      13,004,335         40,159,063  

Grindrod Ltd.

      567,388         1,115,621  
     

Group Five Ltd.

      1,535,292       $ 5,843,454  

Imperial Holdings Ltd.

      765,041         15,451,245  

Kumba Iron Ore Ltd.(a)

      1,200,150         82,263,964  

Lewis Group Ltd.

      571,472         5,674,100  

Life Healthcare Group Holdings Ltd.

      1,632,186         5,316,879  

MMI Holdings Ltd.(a)

      3,179,801         7,337,795  

Pick’n Pay Holdings Ltd.

      356,336         877,543  

Pick’n Pay Stores Ltd.

      1,356,704         7,689,913  

Pretoria Portland Cement Co., Ltd.(a)

      1,011,025         4,320,986  

Raubex Group Ltd.(a)

      126,336         214,002  

Reunert Ltd.

      485,001         4,423,721  

Sanlam Ltd.

      4,498,976         19,450,785  

Santam Ltd.

      316,532         6,640,344  

Spar Group Ltd. (The)

      386,559         5,830,206  

Standard Bank Group Ltd.

      2,779,475         40,331,008  

Vodacom Group Ltd.

      2,969,835         41,851,008  

Woolworths Holdings Ltd.

      1,634,083         10,252,210  
     

 

 

  
Total South Africa               341,850,647  
South Korea – 3.8%      

Bukwang Pharmaceutical Co., Ltd.

      280,958         3,310,348  

Daishin Securities Co., Ltd.*

      873,950         8,561,710  

Hansol Paper Co., Ltd.

      805,900         5,775,480  

Hite Jinro Co., Ltd.

      83,760         1,903,552  

Kangwon Land, Inc.

      633,040         14,051,415  

Korea Exchange Bank

      3,508,540         26,816,077  

KT Corp. ADR

      1,228,982         16,824,764  

KT&G Corp.

      303,130         21,509,776  

LG Uplus Corp.

      1,003,120         6,020,225  

Meritz Fire & Marine Insurance Co., Ltd.*

      684,780         7,796,357  

SK Telecom Co., Ltd. ADR

      1,706,282         23,734,383  

SK Telecom Co., Ltd.

      17,716         2,181,176  

Woongjin Thinkbig Co., Ltd.

      7,420         83,496  
     

 

 

  
Total South Korea               138,568,759  
Taiwan – 21.3%      

Ability Enterprise Co., Ltd.

      2,089,000         2,087,974  

AcBel Polytech, Inc.

      1,163,416         677,997  

Accton Technology Corp.

      1,134,989         686,427  

Acer, Inc.

      9,450,000         12,535,110  

Advantech Co., Ltd.

      1,384,160         4,807,007  

Alpha Networks, Inc.

      3,467,000         2,948,439  

Altek Corp.

      1,153,312         1,062,870  

AmTRAN Technology Co., Ltd.

      4,263,306         3,358,412  

Asia Cement Corp.

      10,023,804         12,209,448  

Asia Vital Components Co., Ltd.

      1,350,206         914,944  

ASROCK, Inc.

      603,660         2,454,360  

Asustek Computer, Inc.

      1,894,120         17,872,992  

AV Tech Corp.

      513,000         1,746,819  

Avermedia Technologies, Inc.

      187,460         176,570  

Chang Wah Electromaterials, Inc.

      190,695         567,927  

Chicony Electronics Co., Ltd.

      2,668,510         5,243,984  

China Development Financial Holding Corp.

      39,683,501         12,100,883  

China Synthetic Rubber Corp.

      5,076,000         5,004,713  

Chinese Maritime Transport Ltd.

      458,000         682,783  

 

See Notes to Financial Statements.

 

100   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Chung Hsin Electric & Machinery Manufacturing Corp.

      1,257,000       $ 721,888  

Chunghwa Telecom Co., Ltd.

      21,107,248         65,006,991  

Compal Electronics, Inc.

      12,014,000         13,514,198  

Coxon Precise Industrial Co., Ltd.

      715,686         1,105,737  

CTCI Corp.

      2,478,992         4,103,026  

Cyberlink Corp.

      98,433         305,493  

CyberTAN Technology, Inc.

      1,858,000         1,850,792  

Delta Electronics, Inc.

      4,344,000         12,731,234  

Depo Auto Parts Industries Co., Ltd.

      1,885,163         3,992,027  

D-Link Corp.

      1,784,000         1,326,765  

Eternal Chemical Co., Ltd.

      2,298,775         2,001,678  

Everlight Electronics Co., Ltd.

      756,000         1,588,101  

Far EasTone Telecommunications Co., Ltd.

      12,484,595         25,591,421  

Faraday Technology Corp.

      169,134         268,189  

Farglory Land Development Co., Ltd.

      2,354,000         4,737,590  

Feng Hsin Iron & Steel Co.

      1,347,922         2,370,264  

Formosa Chemicals & Fibre Corp.

      10,129,000         29,582,741  

Formosa Petrochemical Corp.

      15,741,000         49,066,459  

Formosa Plastics Corp.

      9,152,000         26,946,376  

Formosan Rubber Group, Inc.

      3,225,000         2,261,854  

FSP Technology, Inc.

      143,897         135,050  

Fubon Financial Holding Co., Ltd.

      16,953,798         19,099,554  

Gemtek Technology Corp.

      168,993         150,874  

Getac Technology Corp.

      2,407,000         2,267,177  

Giant Manufacturing Co., Ltd.

      184,000         807,332  

Gigabyte Technology Co., Ltd.

      848,000         712,545  

Global Mixed Mode Technology, Inc.

      120,000         461,468  

Grape King Industrial Co.

      975,803         1,582,008  

Greatek Electronics, Inc.

      609,700         515,408  

Holtek Semiconductor, Inc.

      798,454         959,027  

Holy Stone Enterprise Co., Ltd.

      1,117,000         1,105,097  

Huaku Development Co., Ltd.

      1,846,601         4,686,185  

Hung Poo Real Estate Development Corp.

      1,128,790         1,200,901  

Infortrend Technology, Inc.

      1,758,000         1,536,750  

Inventec Corp.

      13,672,210         5,998,920  

I-Sheng Electric Wire & Cable Co., Ltd.

      1,356,000         2,228,261  

ITE Technology, Inc.

      467,000         439,872  

Kindom Construction Co., Ltd.

      2,393,000         1,654,007  

LCY Chemical Corp.

      779,386         1,241,124  

Lealea Enterprise Co., Ltd.

      1,880,000         796,219  

LITE-ON IT Corp.

      703,000         741,956  

Lite-On Technology Corp.

      5,819,352         7,038,942  

Macronix International

      14,871,000         5,542,394  

Makalot Industrial Co., Ltd.

      150,000         446,730  

MediaTek, Inc.

      4,421,000         42,315,896  

Mega Financial Holding Co., Ltd.

      19,558,540         13,816,787  

Merida Industry Co., Ltd.

      1,140,646         3,663,733  

Merry Electronics Co., Ltd.

      468,000         778,560  

Nan Ya Printed Circuit Board Corp.

      1,908,046         4,176,245  

Neo Solar Power Corp.

      1,895,678         1,483,683  

Novatek Microelectronics Corp.

      1,765,415         5,377,384  

Oriental Union Chemical Corp.

      1,859,155         2,403,116  

Pou Chen Corp.

      16,406,000         14,257,870  
     

President Securities Corp.

      2,726,360       $ 1,473,359  

Quanta Computer, Inc.

      12,227,990         32,025,737  

Realtek Semiconductor Corp.

      1,127,430         2,058,936  

Shih Wei Navigation Co., Ltd.

      1,746,127         1,650,610  

Shin Zu Shing Co., Ltd.

      1,874,000         4,990,645  

Silicon Integrated Systems Corp.

      1,354,359         536,889  

Siliconware Precision Industries Co.

      9,470,000         11,486,761  

Silitech Technology Corp.

      2,432,940         5,588,891  

Sincere Navigation Corp.

      636,000         630,300  

Sonix Technology Co., Ltd.

      470,011         777,128  

Syncmold Enterprise Corp.

      551,000         769,154  

Taiwan Cement Corp.

      8,747,364         10,239,761  

Taiwan Cogeneration Corp.

      2,640,510         2,191,889  

Taiwan Mobile Co., Ltd.

      11,424,000         34,797,052  

Taiwan Navigation Co., Ltd.

      672,000         743,391  

Taiwan Secom Co., Ltd.

      1,492,635         3,095,064  

Taiwan Semiconductor Manufacturing Co., Ltd.

      51,904,000         149,304,566  

Ton Yi Industrial Corp.

      7,570,767         4,001,557  

Transcend Information, Inc.

      215,000         620,644  

Tsann Kuen Enterprise Co., Ltd.

      558,257         1,333,484  

TSRC Corp.

      2,397,644         6,133,328  

U-Ming Marine Transport Corp.

      3,292,000         5,677,304  

Wistron Corp.

      4,895,484         7,381,085  

Young Fast Optoelectronics Co., Ltd.

      771,241         1,897,105  

Zinwell Corp.

      132,000         159,664  
     

 

 

  
Total Taiwan               775,397,862  
Thailand – 4.2%      

Advanced Info Service PCL

      11,508,090         68,638,203  

Bangchak Petroleum PCL

      7,428,303         5,706,670  

Bangkok Expressway PCL

      877,700         614,532  

BEC World PCL

      4,374,569         7,231,864  

Delta Electronics Thailand PCL

      3,074,563         2,591,204  

Dynasty Ceramic PCL

      547,826         1,158,692  

Electricity Generating PCL

      418,700         1,262,207  

Glow Energy PCL

      4,145,000         8,263,128  

Hana Microelectronics PCL

      2,271,815         1,612,731  

Kiatnakin Bank PCL

      998,478         1,197,526  

Land and Houses PCL NVDR

      32,875,247         7,352,973  

LPN Development PCL

      2,168,800         1,089,673  

LPN Development PCL NVDR

      302,078         151,773  

Major Cineplex Group PCL

      1,953,100         1,139,572  

Maybank Kim Eng Securities Thailand PCL

      7,340,814         3,616,868  

MCOT PCL

      1,889,100         1,745,198  

Precious Shipping PCL

      1,251,500         645,019  

Quality Houses PCL

      31,486,500         1,837,138  

Ratchaburi Electricity Generating Holding PCL

      4,642,296         6,207,284  

STP & I PCL

      4,688,781         4,749,576  

Supalai PCL

      9,126,508         4,615,025  

Thai Plastic & Chemical PCL

      3,433,700         3,283,441  

Thai Tap Water Supply PCL

      7,990,355         1,554,040  

Thai Vegetable Oil PCL

      2,066,742         1,339,865  

Thanachart Capital PCL

      1,970,474         2,139,737  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      101   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets Equity Income Fund (DEM)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Tisco Financial Group PCL

      172,317       $ 231,804  

Tisco Financial Group PCL-Foreign

      285,482         384,036  

Total Access Communication PCL

      2,564,600         6,816,765  

Total Access Communication PCL NVDR

      2,977,990         7,915,565  
     

 

 

  
Total Thailand               155,092,109  
Turkey – 3.9%      

Arcelik A.S.*

      1,815,618         8,106,074  

Bagfas Bandirma Gubre Fabrik

      16,341         1,603,946  

Cimsa Cimento Sanayi VE Tica

      11,934         60,242  

Eregli Demir ve Celik Fabrikalari TAS(a)

      10,108,593         19,900,814  

Ford Otomotiv Sanayi A.S.

      1,828,959         17,234,007  

Hurriyet Gazetecilik A.S.*

      3,156,669         2,089,219  

Pinar SUT Mamulleri Sanayii A.S.

      116,546         1,215,859  

Tofas Turk Otomobil Fabrikasi A.S.(a)

      1,037,866         4,435,773  

Tupras Turkiye Petrol Rafinerileri A.S.

      788,914         20,133,259  

Turk Telekomunikasyon A.S.

      15,100,418         65,554,566  

Turk Traktor ve Ziraat Makineleri A.S.(a)

      49,676         1,014,194  
     

 

 

  
Total Turkey               141,347,953  
TOTAL COMMON STOCKS
(Cost: $3,428,291,726)		               3,623,192,772   
EXCHANGE-TRADED FUND – 0.1%      
United States – 0.1%      
WisdomTree Global Equity Income Fund(b)
(Cost: $2,163,775)		      51,250         2,136,100  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $1,678,631)		      1,678,631         1,678,631  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.5%      
MONEY MARKET FUND – 2.5%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $90,237,031)(d)      90,237,031         90,237,031  
TOTAL INVESTMENTS IN SECURITIES – 102.1%
(Cost: $3,522,371,163)		          3,717,244,534   

Liabilities in Excess of Foreign Currency and Other Assets – (2.1)%

         (76,353,761 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 3,640,890,773   

ADR – American Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $55,605, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $84,663,628 and the total market value of the collateral held by the Fund was $90,237,031.

 

See Notes to Financial Statements.

 

102   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.8%      
Argentina – 1.7%      

Banco Macro S.A. ADR

      282,849       $ 5,546,669  

BBVA Banco Frances S.A. ADR

      1,017,966         6,138,335  

Telecom Argentina S.A. ADR

      324,983         5,758,699  
     

 

 

  
Total Argentina               17,443,703  
Brazil – 6.2%      

Aliansce Shopping Centers S.A.

      284,657         2,702,549  

BR Properties S.A.

      216,813         2,771,517  

Brookfield Incorporacoes S.A.

      950,772         3,048,850  

Cia de Saneamento de Minas Gerais-COPASA*

      445,987         10,507,330  

Equatorial Energia S.A.

      580,123         4,292,967  

Estacio Participacoes S.A.

      167,435         1,817,252  

Eternit S.A.

      86,660         436,079  

Even Construtora e Incorporadora S.A.

      604,843         2,304,259  

Fleury S.A.*

      71,104         940,882  

Gafisa S.A.

      1,010,600         2,393,133  

Helbor Empreendimentos S.A.

      41,171         618,366  

Iochpe-Maxion S.A.

      144,848         2,858,372  

JHSF Participacoes S.A.

      2,077,321         6,809,395  

JSL S.A.

      102,011         610,623  

Lojas Americanas S.A.

      273,529         2,404,980  

LPS Brasil Consultoria de Imoveis S.A.

      57,882         1,189,178  

Mills Estruturas e Servicos de Engenharia S.A.

      17,995         228,846  

Paranapanema S.A.

      887,362         1,551,655  

Positivo Informatica S.A.

      123,300         479,872  

Raia Drogasil S.A.

      335,659         3,225,403  

Rossi Residencial S.A.

      501,276         2,670,834  

Santos Brasil Participacoes S.A.

      123,893         2,167,771  

Sao Martinho S.A.

      63,782         814,625  

SLC Agricola S.A.

      116,853         1,245,202  

Tegma Gestao Logistica

      145,960         2,440,267  

TPI – Triunfo Participacoes e Investimentos S.A.

      36,338         177,278  

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

      210,929         3,174,977  
     

 

 

  
Total Brazil               63,882,462  
Chile – 3.2%      

Cia General de Electricidad S.A.

      245,179         1,284,835  

Cia Sud Americana de Vapores S.A.

      5,483,825         719,082  

Empresas Iansa S.A.

      9,977,214         827,773  

Empresas La Polar S.A.

      1,075,014         700,042  

Forus S.A.

      359,407         1,398,164  

Inversiones Aguas Metropolitanas S.A.

      3,553,728         6,005,993  

Norte Grande S.A.

      228,727,102         3,022,206  

Parque Arauco S.A.

      2,296,454         4,657,358  

Sigdo Koppers S.A.

      1,694,469         3,905,106  

Socovesa S.A.

      1,770,976         950,519  

Sonda S.A.

      1,594,892         4,753,801  

Vina Concha y Toro S.A.

      1,790,033         4,107,010  
     

 

 

  
Total Chile               32,331,889  
     
China – 4.2%      

Anhui Expressway Co. Class H*

      2,940,721       $ 1,621,108  

BBMG Corp. Class H

      456,540         383,978  

Beijing Capital Land Ltd. Class H

      5,714,948         1,612,022  

China Railway Construction Corp., Ltd. Class H

      4,765,500         2,964,627  

China Railway Group Ltd. Class H(a)

      5,641,000         1,809,131  

Chongqing Machinery & Electric Co., Ltd. Class H

      3,767,305         703,580  

CSR Corp., Ltd. Class H

      1,108,352         756,603  

Datang International Power Generation Co., Ltd. Class H

      8,806,000         3,107,733  

Dongfang Electric Corp., Ltd. Class H(a)

      259,800         629,757  

Great Wall Technology Co., Ltd. Class H

      1,164,000         269,861  

Guangshen Railway Co., Ltd. Class H(a)

      9,527,964         3,706,138  

Harbin Electric Co., Ltd. Class H

      442,174         463,588  

Huaneng Power International, Inc. Class H

      7,644,000         4,154,776  

Jiangsu Expressway Co., Ltd. Class H

      2,469,062         2,388,286  

Lingbao Gold Co., Ltd. Class H

      566,000         274,835  

Maanshan Iron & Steel Class H(a)

      513,917         149,595  

Metallurgical Corp. of China Ltd. Class H

      9,408,000         2,108,439  

Shandong Chenming Paper Holdings Ltd. Class H

      601,500         283,551  

Shanghai Electric Group Co., Ltd. Class H

      7,490,000         3,810,600  

Shanghai Prime Machinery Co., Ltd. Class H

      9,482,000         1,563,235  

Shenzhen Expressway Co., Ltd. Class H

      1,621,970         668,509  

Sinopec Shanghai Petrochemical Co., Ltd. Class H

      4,674,941         1,691,987  

Sinopec Yizheng Chemical Fibre Co., Ltd. Class H

      2,826,000         698,856  

Sinotrans Ltd. Class H

      914,000         170,698  

Tong Ren Tang Technologies Co., Ltd. Class H

      406,944         539,866  

Travelsky Technology Ltd. Class H

      2,123,204         1,113,014  

Weichai Power Co., Ltd. Class H(a)

      185,798         867,488  

Weiqiao Textile Co., Ltd. Class H

      3,829,500         1,972,952  

Xiamen International Port Co., Ltd. Class H

      7,860,000         1,042,736  

Xinjiang Xinxin Mining Industry Co., Ltd. Class H(a)

      696,054         195,440  

ZTE Corp. Class H(a)

      411,684         1,108,217  
     

 

 

  
Total China               42,831,206  
Indonesia – 2.0%      

AKR Corporindo Tbk PT

      5,764,841         2,710,938  

Aneka Tambang Persero Tbk PT

      8,096,825         1,593,863  

Bakrie Sumatera Plantations Tbk PT

      12,793,500         412,739  

Bank Bukopin Tbk PT

      23,843,347         1,720,977  

Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT

      15,576,584         1,890,858  

Bank Tabungan Negara Persero Tbk PT

      5,490,935         720,595  

Bumi Serpong Damai PT

      2,230,500         314,670  

Global Mediacom Tbk PT

      7,684,438         1,344,609  

Holcim Indonesia Tbk PT

      3,210,479         904,088  

Medco Energi Internasional Tbk PT

      2,999,000         705,145  

Perusahaan Perkebunan London Sumatra Indonesia Tbk PT

      7,254,010         2,280,761  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      103   

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Sampoerna Agro PT

      3,644,181       $ 1,424,754  

Summarecon Agung Tbk PT

      13,831,022         2,374,749  

Timah Persero Tbk PT

      10,052,662         2,044,833  
     

 

 

  
Total Indonesia               20,443,579  
Israel – 6.9%      

Amot Investments Ltd.

      464,267         1,211,752  

British Israel Investments Ltd.

      450,032         1,683,372   

Clal Industries and Investments Ltd.

      1,056,914         3,902,145  

Clal Insurance Enterprise Holdings, Ltd.

      35,634         526,630  

Delek Automotive Systems Ltd.

      571,404         4,633,797  

Discount Investment Corp.

      711,556         3,897,439  

Elbit Systems Ltd.

      65,551         2,543,902  

First International Bank of Israel Ltd.*

      273,150         2,953,968  

Gazit-Globe Ltd.

      561,826         5,759,171  

Harel Insurance Investments & Financial Services Ltd.

      4,885         168,235  

Ituran Location and Control Ltd.

      47,127         633,444  

Jerusalem Economy Ltd.*

      175,158         1,220,626  

Migdal Insurance & Financial Holding Ltd.

      3,074,139         4,733,909  

Mizrahi Tefahot Bank Ltd.

      734,047         6,615,925  

Ormat Industries Ltd.

      491,502         2,544,994  

Osem Investments Ltd.

      222,358         3,424,121  

Partner Communications Co., Ltd.

      1,093,419         8,436,547  

Phoenix Holdings Ltd. (The)

      718,800         1,733,223  

Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.

      27,465         948,091  

Shikun & Binui Ltd.

      2,464,841         4,277,576  

Shufersal Ltd.

      1,353,268         4,926,946  

Strauss Group Ltd.*

      341,098         4,156,097  
     

 

 

  
Total Israel         70,931,910   
Malaysia – 7.7%      

Aeon Co. M Bhd

      859,613         2,665,684  

Affin Holdings Bhd

      1,645,200         1,627,209  

Alliance Financial Group Bhd

      4,652,332         5,907,482  

Batu Kawan Bhd

      223,800         1,364,643  

Berjaya Corp. Bhd

      780,000         241,880  

Berjaya Sports Toto Bhd

      3,994,538         5,698,100  

Boustead Holdings Bhd

      3,128,830         5,545,796  

Coastal Contracts Bhd

      302,849         196,726  

Dayang Enterprise Holdings Bhd

      314,206         210,257  

Dialog Group Bhd

      2,986,181         2,115,232  

DRB-Hicom Bhd

      2,118,000         1,742,242  

Eastern & Oriental Bhd

      1,345,100         658,609  

Fraser & Neave Holdings Bhd

      78,300         482,554  

Gamuda Bhd

      3,293,683         3,913,500  

Genting Plantations Bhd

      569,300         1,763,557  

HAP Seng Consolidated Bhd

      1,681,419         927,566  

Hartalega Holdings Bhd

      316,596         821,589  

IGB Corp. Bhd

      4,163,371         3,764,497  

IJM Land Bhd

      1,709,954         1,216,811  

KFC Holdings Malaysia Bhd

      1,440,800         1,768,372  

KNM Group Bhd*

      1,117,500         304,590  

KPJ Healthcare Bhd

      1,255,829         2,111,154  
     

Kulim Malaysia Bhd

      2,527,839       $ 3,449,116  

Lafarge Malayan Cement Bhd

      2,220,100         5,217,797  

Mah Sing Group Bhd

      1,796,365         1,213,800  

Malaysia Airports Holdings Bhd

      1,688,100         3,223,563  

Media Prima Bhd

      1,585,600         1,387,109  

Mudajaya Group Bhd

      735,079         686,250  

OSK Holdings Bhd

      2,906,700         1,612,988  

Parkson Holdings Bhd

      2,460,178         4,312,439  

Pharmaniaga Bhd*†

      44,559         73,744  

POS Malaysia Bhd

      1,874,500         1,670,437  

QSR Brands Bhd

      454,394         949,281  

SapuraCrest Petroleum Bhd

      1,507,640         2,401,594  

Sunway Bhd*

      2,366,707         2,031,807  

Supermax Corp. Bhd

      2,024,682         1,242,501  

TAN Chong Motor Holdings Bhd

      316,900         464,462  

Top Glove Corp. Bhd

      444,500         652,930  

Unisem M Bhd

      1,897,300         910,407  

Wah Seong Corp. Bhd

      1,156,151         781,209  

WCT Bhd

      1,543,400         1,229,279  
     

 

 

  
Total Malaysia         78,558,763  
Mexico – 1.9%      

Alsea S.A.B de C.V.

      840,415         1,200,546  

Bolsa Mexicana de Valores S.A.B de C.V.

      1,688,561         3,411,261  

Grupo Aeroportuario del Centro Norte S.A.B de C.V.(a)

      1,261,888         2,560,124  

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

      985,874         3,639,357  

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

      858,432         5,878,790  

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

      655,263         1,355,487  

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

      1,802,500         1,129,860  
     

 

 

  
Total Mexico         19,175,425  
Philippines – 3.2%      

Alliance Global Group, Inc.

      1,370,543         402,209  

Cebu Air, Inc.

      1,597,312         2,496,323  

First Philippine Holdings Corp.

      1,079,200         1,630,048  

International Container Terminal Services, Inc.

      806,928         1,231,019  

Jollibee Foods Corp.

      754,683         2,056,549  

Manila Water Co., Inc.

      7,801,527         4,215,568  

Megaworld Corp.

      13,110,000         598,477  

Metro Pacific Investments Corp.

      19,003,667         1,832,425  

Philex Mining Corp.

      1,759,217         866,599  

Philweb Corp.

      2,081,453         808,633  

Robinsons Land Corp.

      5,348,800         2,055,554  

Security Bank Corp.

      661,847         2,204,358  

Semirara Mining Corp.

      664,450         3,788,456  

Universal Robina Corp.

      4,481,713         6,576,172  

Vista Land & Lifescapes, Inc.

      28,210,797         2,529,674  
     

 

 

  
Total Philippines         33,292,064  
Poland – 0.4%      

Agora S.A.

      72,596         295,616  

Asseco Poland S.A.

      100,614         1,608,185  

 

See Notes to Financial Statements.

 

104   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Eurocash S.A.

      85,455       $ 958,999  

PBG S.A.

      19,985         250,037  

Polimex-Mostostal S.A.

      1,448,683         636,365  
     

 

 

  
Total Poland         3,749,202  
Russia – 0.1%      

Novorossiysk Commercial Sea Port PJSC, Reg S GDR(a)

      103,946         785,832  
South Africa – 10.5%      

Adcock Ingram Holdings Ltd.*

      201,014         1,537,487  

Aeci Ltd.

      313,801         3,843,521  

African Oxygen Ltd.(a)

      169,481         417,378  

Allied Technologies Ltd.

      233,228         1,625,854  

Astral Foods Ltd.

      177,232         2,886,684  

Aveng Ltd.

      1,167,897         5,948,635  

AVI Ltd.

      959,106         5,797,464  

Barloworld Ltd.

      301,286         3,924,996  

Blue Label Telecoms Ltd.

      3,401,459         3,044,872  

Capitec Bank Holdings Ltd.

      24,023         641,694  

Cipla Medpro South Africa Ltd.

      1,533,331         1,318,642  

City Lodge Hotels Ltd.

      105,142         1,085,732  

Coronation Fund Managers Ltd.

      1,645,234         6,109,696  

Grindrod Ltd.

      616,762         1,212,702  

Group Five Ltd.

      187,394         713,238  

Investec Ltd.

      743,523         4,568,938  

JD Group Ltd.

      195,231         1,259,218  

JSE Ltd.

      345,835         3,577,969  

Lewis Group Ltd.

      370,223         3,675,915  

Life Healthcare Group Holdings Ltd.(a)

      2,794,247         9,102,315  

Mondi Ltd.

      271,634         2,548,377  

Mr. Price Group Ltd.

      487,253         5,989,595  

Nampak Ltd.

      1,015,496         3,069,823  

Northam Platinum Ltd.

      33,822         150,368  

Pick’n Pay Holdings Ltd.

      543,992         1,339,681  

Pretoria Portland Cement Co., Ltd.

      2,716,510         11,610,000  

Reunert Ltd.

      813,969         7,424,257  

Santam Ltd.

      240,639         5,048,228  

Spar Group Ltd. (The)

      389,579         5,875,754  

Sun International Ltd.

      48,689         529,742  

Tongaat Hulett Ltd.

      40,409         547,541  

Wilson Bayly Holmes-Ovcon Ltd.

      54,625         925,299  
     

 

 

  
Total South Africa         107,351,615  
South Korea – 8.8%      

AUK Corp.*

      228,560         641,473  

Bukwang Pharmaceutical Co., Ltd.

      116,645         1,374,353  

Capro Corp.

      18,350         399,212  

Cheil Worldwide, Inc.

      199,681         3,189,821  

Chong Kun Dang Pharm Corp.

      24,115         393,740  

CJ Corp.

      24,892         1,871,761  

CJ O Shopping Co., Ltd.

      1,112         255,170  

Daeduck Electronics Co.

      132,567         1,310,402  

Daewoong Pharmaceutical Co., Ltd.

      345         8,160  

Daishin Securities Co., Ltd.*

      328,559         3,218,750  

Daou Technology, Inc.

      100,940         1,171,494  
     

Daum Communications Corp.

      2,828       $ 297,264  

Dongkuk Steel Mill Co., Ltd.

      108,681         2,076,646  

Green Cross Corp.

      7,336         819,032  

Green Cross Holdings Corp.

      50,812         582,989  

GS Home Shopping, Inc.

      1,850         183,522  

Halla Climate Control Corp.

      197,700         3,847,390  

Halla Engineering & Construction Corp.

      20,929         242,899  

Hana Tour Service, Inc.

      11,023         437,301  

Handsome Co., Ltd.

      64,938         1,908,508  

Hanjin Heavy Industries & Construction Holdings Co., Ltd.

      2,112         15,415  

Hanjin Shipping Co., Ltd.*

      145,180         2,011,673  

Hanjin Shipping Holdings Co., Ltd.*

      81,700         575,408  

Hansol Paper Co., Ltd.

      264,350         1,894,464  

Hanssem Co., Ltd.

      64,888         1,268,496  

Hite Jinro Co., Ltd.

      17,103         388,687  

Hotel Shilla Co., Ltd.

      48,708         2,074,190  

Huchems Fine Chemical Corp.

      71,061         1,335,863  

Hyosung Corp.

      24,396         1,291,876  

Hyundai Development Co.

      46,288         1,015,186  

Hyundai Elevator Co., Ltd.

      2,830         288,482  

Hyundai Home Shopping Network Corp.

      4,380         518,000  

Hyundai Marine & Fire Insurance Co., Ltd.*

      113,593         3,268,286  

iMarketKorea, Inc.

      60,028         1,033,093  

ISU Chemical Co., Ltd.

      30,298         739,367  

Jeonbuk Bank

      184,739         829,903  

KEPCO Engineering & Construction Co., Inc.

      40,761         2,939,123  

KISCO Corp.

      5,730         138,566  

Kolon Corp.

      22,970         525,063  

Kolon Industries, Inc.

      11,858         783,870  

Korea Gas Corp.

      56,828         2,164,184  

Korea Investment Holdings Co., Ltd.*

      50,520         2,008,672  

Korean Reinsurance Co.*

      202,555         2,440,206  

KP Chemical Corp.

      104,303         1,422,251  

LG Fashion Corp.

      41,271         1,455,167  

LG Innotek Co., Ltd.*

      14,338         1,247,718  

LG International Corp.

      43,075         1,954,067  

LIG Insurance Co., Ltd.*

      121,752         2,804,578  

Lock & Lock Co., Ltd.

      24,341         719,671  

LS Industrial Systems Co., Ltd.

      15,002         869,892  

Meritz Fire & Marine Insurance Co., Ltd.*

      192,680         2,193,700  

Mirae Asset Securities Co., Ltd.*

      81,785         2,861,988  

OCI Materials Co., Ltd.

      3,878         235,476  

Orion Corp.

      1,085         762,244  

Partron Co., Ltd.

      64,846         755,454  

Poongsan Corp.

      35,698         949,909  

S&T Dynamics Co., Ltd.

      16,950         230,378  

S1 Corp.

      45,376         2,114,516  

Samsung Fine Chemicals Co., Ltd.

      23,204         1,116,118  

Samyang Holdings Corp.

      6,252         409,425  

Seoul Semiconductor Co., Ltd.

      61,057         1,279,823  

Silicon Works Co., Ltd.

      29,766         891,890  

SK Chemicals Co., Ltd.

      19,224         1,085,862  

SK Networks Co., Ltd.

      183,044         1,688,195  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      105   

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

SKC Co., Ltd.

      36,333       $ 1,494,301  

STX Corp. Co., Ltd.

      13,960         168,794  

STX Engine Co., Ltd.

      26,186         394,044  

STX Offshore & Shipbuilding Co., Ltd.

      69,288         871,413  

STX Pan Ocean Co., Ltd.

      40,420         281,465  

Sungwoo Hitech Co., Ltd.

      75,929         847,714  

Taeyoung Engineering & Construction Co., Ltd.

      86,474         431,206  

Tong Yang Life Insurance*

      118,126         1,496,058  

Woongjin Thinkbig Co., Ltd.

      27,950         314,516  

Woori Investment & Securities Co., Ltd.*

      163,257         1,880,326  

Youngone Corp.

      65,598         1,250,533  
     

 

 

  
Total South Korea         90,256,652  
Taiwan – 26.0%      

Ability Enterprise Co., Ltd.

      3,829,162         3,827,281  

AcBel Polytech, Inc.

      396,119         230,844  

Accton Technology Corp.

      2,096,228         1,267,772  

ACES Electronic Co., Ltd.

      157,677         306,117  

Advantech Co., Ltd.

      1,431,620         4,971,829  

ALI Corp.

      1,162,000         1,881,909  

Alpha Networks, Inc.

      2,983,606         2,537,346  

Altek Corp.

      965,071         889,391  

AmTRAN Technology Co., Ltd.

      4,232,965         3,334,511  

Apex Biotechnology Corp.

      368,194         986,774  

Asia Vital Components Co., Ltd.

      1,492,420         1,011,313  

ASROCK, Inc.

      596,146         2,423,809  

Aurora Corp.

      829,000         1,466,188  

AV Tech Corp.

      383,036         1,304,278  

Avermedia Technologies, Inc.

      64,021         60,302  

BES Engineering Corp.

      806,987         229,673  

Bright Led Electronics Corp.

      578,000         464,131  

Capital Securities Corp.

      692,550         268,671  

Cathay Real Estate Development Co., Ltd.

      4,791,000         2,223,880  

Champion Building Materials Co., Ltd.

      420,102         214,930  

Chang Wah Electromaterials, Inc.

      120,609         359,197  

Cheng Uei Precision Industry Co., Ltd.

      1,122,242         2,684,453  

Chicony Electronics Co., Ltd.

      1,219,401         2,396,289  

China Chemical & Pharmaceutical Co., Ltd.

      1,082,867         759,469  

China Electric Manufacturing Corp.

      409,101         279,299  

China Life Insurance Co., Ltd.

      1,542,210         1,502,263  

China Motor Corp.

      628,000         613,861  

China Steel Chemical Corp.

      838,232         3,976,096  

China Synthetic Rubber Corp.

      842,544         830,711  

Chinese Maritime Transport Ltd.

      1,075,000         1,602,602  

Chroma ATE, Inc.

      624,160         1,590,297  

Chun Yuan Steel

      2,939,919         1,279,980  

Chung Hsin Electric & Machinery Manufacturing Corp.

      1,171,531         672,803  

Clevo Co.

      434,000         712,440  

Compal Communications, Inc.

      1,130,231         1,960,658  

Coxon Precise Industrial Co., Ltd.

      707,184         1,092,602  

CSBC Corp.

      1,678,797         1,370,818  

CTCI Corp.

      2,385,032         3,947,511  

Cyberlink Corp.

      92,201         286,151  
     

CyberPower Systems, Inc.

      65,611       $ 124,044  

CyberTAN Technology, Inc.

      1,046,000         1,041,942  

Darfon Electronics Corp.

      776,059         583,730  

Depo Auto Parts Industries Co., Ltd.

      479,157         1,014,664  

D-Link Corp.

      1,696,163         1,261,440  

Edison Opto Corp.

      133,278         277,263  

Elan Microelectronics Corp.

      1,037,000         1,335,140  

Elite Material Co., Ltd.

      818,900         758,844  

Elite Semiconductor Memory Technology, Inc.

      125,282         117,155  

Entire Technology Co., Ltd.

      483,326         802,418  

Eternal Chemical Co., Ltd.

      3,299,629         2,873,180  

Evergreen International Storage & Transport Corp.

      2,275,567         1,195,049  

Everlight Chemical Industrial Corp.

      1,046,402         712,622  

Everlight Electronics Co., Ltd.

      407,970         857,007  

Excelsior Medical Co., Ltd.

      109,859         232,266  

Far Eastern Department Stores Co., Ltd.

      781,565         999,647  

Far Eastern International Bank

      2,248,056         898,781  

Faraday Technology Corp.

      76,998         122,093  

Farglory Land Development Co., Ltd.

      4,636,816         9,331,917  

Feng Hsin Iron & Steel Co.

      1,399,950         2,461,753  

First Insurance Co., Ltd.

      1,390,704         603,128  

First Steamship Co., Ltd.

      214,977         319,394  

Flytech Technology Co., Ltd.

      385,135         944,748  

Forhouse Corp.

      1,200,000         780,633  

Formosa Advanced Technologies Co., Ltd.

      158,000         167,558  

Formosa Epitaxy, Inc.

      734,541         684,405  

Formosa International Hotels Corp.

      50,437         713,461  

Formosan Rubber Group, Inc.

      976,080         684,574  

Fortune Electric Co., Ltd.

      622,000         315,062  

Gemtek Technology Corp.

      22,267         19,880  

GeoVision, Inc.

      150,260         707,657  

Getac Technology Corp.

      1,313,000         1,236,728  

Giant Manufacturing Co., Ltd.

      370,464         1,625,475  

Gigabyte Technology Co., Ltd.

      4,484,221         3,767,934  

Global Brands Manufacture Ltd.

      2,671,234         1,461,669  

Global Mixed Mode Technology, Inc.

      3,000         11,537  

Global Unichip Corp.

      54,927         206,573  

Goldsun Development & Construction Co., Ltd.

      2,744,572         1,120,537  

Grand Pacific Petrochemical

      235,406         109,270  

Grape King Industrial Co.

      632,321         1,025,142  

Great China Metal Industry

      621,694         837,295  

Great Wall Enterprise Co., Ltd.

      1,250,257         1,279,295  

Greatek Electronics, Inc.

      4,184,436         3,537,301  

Green Energy Technology, Inc.

      378,577         455,352  

Hey Song Corp.

      773,730         975,207  

Holtek Semiconductor, Inc.

      413,482         496,635  

Holy Stone Enterprise Co., Ltd.

      2,044,636         2,022,849  

HUA ENG Wire & Cable Co., Ltd.

      2,688,000         755,002  

Huaku Development Co., Ltd.

      1,638,560         4,158,232  

Huang Hsiang Construction Co.

      182,287         353,278  

Hung Poo Real Estate Development Corp.

      3,786,745         4,028,657  

Infortrend Technology, Inc.

      1,322,000         1,155,622  

Inventec Corp.

      8,820,501         3,870,148  

 

See Notes to Financial Statements.

 

106   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

I-Sheng Electric Wire & Cable Co., Ltd.

      242,000       $ 397,669  

ITE Technology, Inc.

      3,000         2,826  

ITEQ Corp.

      373,498         435,323  

Jentech Precision Industrial Co., Ltd.

      93,162         306,179  

KEE TAI Properties Co., Ltd.

      1,070,360         592,942  

Kenda Rubber Industrial Co., Ltd.

      1,600,521         1,868,165  

Kerry TJ Logistics Co., Ltd.

      325,107         366,805  

Kindom Construction Co., Ltd.

      1,912,045         1,321,578  

King Slide Works Co., Ltd.

      31,518         189,549  

Kinsus Interconnect Technology Corp.

      616,368         1,975,585  

L&K Engineering Co., Ltd.

      355,000         410,154  

LCY Chemical Corp.

      1,401,565         2,231,905  

Lealea Enterprise Co., Ltd.

      3,018,331         1,278,325  

Lien Hwa Industrial Corp.

      550,328         358,936  

Lingsen Precision Industries Ltd.

      369,409         235,930  

LITE-ON IT Corp.

      2,658,054         2,805,346  

Lotes Co., Ltd.

      210,048         578,594  

Macronix International

      11,581,722         4,316,487  

Makalot Industrial Co., Ltd.

      1,295,128         3,857,147  

Mercuries & Associates Ltd.

      474,498         497,576  

Merida Industry Co., Ltd.

      1,174,555         3,772,648  

Merry Electronics Co., Ltd.

      449,203         747,289  

Micro-Star International Co., Ltd.

      142,396         69,716  

MIN AIK Technology Co., Ltd.

      192,819         469,725  

Mitac International Corp.

      753,000         298,501  

Nan Ya Printed Circuit Board Corp.

      1,738,000         3,804,056  

Nantex Industry Co., Ltd.

      235,488         215,425  

National Petroleum Co., Ltd.

      1,837,250         2,247,191  

Neo Solar Power Corp.

      1,705,658         1,334,961  

Nien Hsing Textile Co., Ltd.

      2,864,954         2,038,457  

Novatek Microelectronics Corp.

      1,596,417         4,862,623  

Nuvoton Technology Corp.

      1,000,767         1,163,032  

Oriental Union Chemical Corp.

      2,130,698         2,754,108  

Orise Technology Co., Ltd.

      121,929         150,994  

Pan-International Industrial

      597,820         575,246  

Phihong Technology Co., Ltd.

      686,363         975,552  

Powertech Technology, Inc.

      1,210,779         2,358,834  

President Securities Corp.

      3,712,540         2,006,302  

Radiant Opto-Electronics Corp.

      464,600         2,062,125  

Radium Life Tech Co., Ltd.

      3,012,879         2,439,743  

Realtek Semiconductor Corp.

      762,334         1,392,190  

Richtek Technology Corp.

      76,872         474,028  

Ruentex Industries Ltd.

      577,058         1,130,087  

San Chih Semiconductor Co.

      139,218         166,744  

SDI Corp.

      309,290         299,183  

Senao International Co., Ltd.

      351,240         1,642,282  

Sesoda Corp.

      150,901         174,857  

Shih Wei Navigation Co., Ltd.

      1,724,536         1,630,201  

Shihlin Electric & Engineering Corp.

      1,224,543         1,346,336  

Shin Zu Shing Co., Ltd.

      366,000         974,694  

Shinkong Synthetic Fibers Corp.

      2,269,220         776,538  

Shiny Chemical Industrial Co., Ltd.

      290,280         378,654  

Sigurd Microelectronics Corp.

      1,009,222         832,627  

Silicon Integrated Systems Corp.

      3,348,597         1,327,435  
     

Silitech Technology Corp.

      224,518       $ 515,757  

Sincere Navigation Corp.

      1,854,000         1,837,385  

Sitronix Technology Corp.

      279,000         378,119  

Sonix Technology Co., Ltd.

      886,302         1,465,433  

Springsoft, Inc.

      151,000         234,574  

Standard Foods Corp.

      306,961         1,045,235  

Star Comgistic Capital Co., Ltd.

      952,919         598,914  

Sunonwealth Electric Machine Industry Co., Ltd.

      1,193,919         881,852  

Syncmold Enterprise Corp.

      1,100,680         1,536,466  

Taiflex Scientific Co., Ltd.

      127,666         157,017  

Tainan Enterprises Co., Ltd.

      661,553         841,665  

Tainan Spinning Co., Ltd.

      3,336,950         1,498,063  

Taiwan Acceptance Corp.

      160,557         334,556  

Taiwan Cogeneration Corp.

      2,304,429         1,912,908  

Taiwan Fire & Marine Insurance Co.

      1,905,000         1,426,434  

Taiwan Hon Chuan Enterprise Co., Ltd.

      839,555         1,903,005  

Taiwan Navigation Co., Ltd.

      592,000         654,892  

Taiwan PCB Techvest Co., Ltd.

      1,718,954         2,186,950  

Taiwan Secom Co., Ltd.

      1,856,936         3,850,463  

Taiwan Surface Mounting Technology Co., Ltd.

      508,591         1,168,323  

Teco Electric and Machinery Co., Ltd.

      4,069,683         2,806,012  

Thinking Electronic Industrial Co., Ltd.

      549,189         563,805  

Thye Ming Industrial Co., Ltd.

      790,000         764,184  

Ton Yi Industrial Corp.

      4,441,538         2,347,592  

Tong Hsing Electronic Industries Ltd.

      150,695         528,450  

Topco Scientific Co., Ltd.

      196,120         358,823  

Transcend Information, Inc.

      1,641,000         4,737,102  

Tripod Technology Corp.

      490,631         1,645,715  

Tsann Kuen Enterprise Co., Ltd.

      1,003,894         2,397,958  

TSRC Corp.

      2,184,120         5,587,120  

Tung Ho Steel Enterprise Corp.

      2,894,559         2,937,270  

TXC Corp.

      650,549         1,023,836  

U-Ming Marine Transport Corp.

      4,847,681         8,360,195  

United Integrated Services Co., Ltd.

      433,031         501,042  

Unity Opto Technology Co., Ltd.

      741,307         853,968  

Universal Cement Corp.

      2,078,794         1,010,713  

Wah Lee Industrial Corp.

      694,152         992,502  

Wei Chuan Food Corp.

      616,194         685,831  

Weikeng Industrial Co., Ltd.

      1,352,481         1,177,684  

Wistron NeWeb Corp.

      374,385         824,511  

WT Microelectronics Co., Ltd.

      207,599         308,784  

Yageo Corp.

      1,069,432         321,397  

Yeun Chyang Industrial Co., Ltd.

      624,000         390,073  

Yieh Phui Enterprise Co., Ltd.

      2,812,941         1,029,316  

Young Fast Optoelectronics Co., Ltd.

      157,099         386,433  

Young Optics, Inc.

      141,420         563,006  

YungShin Global Holding Corp.

      446,015         631,670  

Yungtay Engineering Co., Ltd.

      663,994         1,062,993  

Zinwell Corp.

      236,000         285,460  
     

 

 

  
Total Taiwan         265,680,503  
Thailand – 12.2%      

Airports of Thailand PCL

      466,600         881,019  

Amata Corp. PCL

      919,884         497,960  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      107   

Table of Contents

Schedule of Investments (continued)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Asian Property Development PCL

      5,639,628       $ 1,115,129  

Bangchak Petroleum PCL

      2,202,076         1,691,708  

Bangkok Dusit Medical Services PCL

      1,692,516         4,759,344  

Bangkok Expressway PCL

      3,850,375         2,695,887  

Bangkok Life Assurance PCL

      646,433         1,005,795  

BEC World PCL

      5,708,706         9,437,407  

Berli Jucker PCL

      1,821,539         2,435,607  

Big C Supercenter PCL

      559,139         2,972,408  

Big C Supercenter PCL NVDR

      142,745         758,839  

Bumrungrad Hospital PCL

      1,109,666         1,924,380  

Central Pattana PCL

      3,237,580         4,827,510  

Delta Electronics Thailand PCL

      3,364,772         2,835,788  

Dynasty Ceramic PCL

      1,072,852         2,269,160  

Electricity Generating PCL

      1,211,491         3,652,145  

Esso Thailand PCL

      8,594,063         3,565,770  

GFPT PCL

      1,100,167         367,317  

Glow Energy PCL

      3,999,877         7,973,823  

Hana Microelectronics PCL

      1,916,232         1,360,307  

Hemaraj Land and Development PCL

      13,269,500         1,212,966  

Jasmine International PCL

      10,685,416         969,827  

Kiatnakin Bank PCL

      4,479,310         5,372,268  

Land and Houses PCL NVDR

      30,190,963         6,752,598  

LPN Development PCL

      2,860,302         1,437,105  

LPN Development PCL NVDR

      1,397,300         702,047  

Major Cineplex Group PCL

      1,795,557         1,047,651  

Maybank Kim Eng Securities Thailand PCL

      3,678,086         1,812,217  

MCOT PCL

      2,491,010         2,301,257  

Minor International PCL

      2,286,395         1,059,820  

Precious Shipping PCL

      1,409,800         726,607  

Pruksa Real Estate PCL

      2,234,181         1,093,554  

Quality Houses PCL

      18,034,572         1,052,260  

Ratchaburi Electricity Generating Holding PCL

      5,268,493         7,044,581  

Robinson Department Store PCL

      751,295         1,248,100  

Samart Corp. PCL

      1,818,600         542,338  

Sansiri PCL

      46,060,084         2,926,346  

Siam Makro PCL

      434,696         5,044,446  

Siamgas & Petrochemicals PCL

      890,050         441,419  

STP & I PCL

      3,276,760         3,319,246  

Supalai PCL

      6,400,540         3,236,578  

Thai Plastic & Chemical PCL

      1,638,600         1,566,895  

Thai Tap Water Supply PCL

      14,836,224         2,885,489  

Thai Union Frozen Products PCL

      1,301,076         2,983,829  

Thai Vegetable Oil PCL

      3,076,880         1,994,736  

Thanachart Capital PCL

      6,035,043         6,553,450  

Tisco Financial Group PCL

      1,485,107         1,997,794  

Tisco Financial Group PCL NVDR

      19,516         26,253  

TPI Polene PCL

      2,017,289         928,542  
     

 

 

  
Total Thailand         125,307,522  
Turkey – 3.8%      

Adana Cimento Sanayii TAS Class A

      804,687         1,818,884  

Akcansa Cimento A.S.

      263,720         1,260,247  

Aksa Akrilik Kimya Sanayii

      589,093         1,566,157  

Albaraka Turk Katilim Bankasi A.S.

      621,393         707,514  
     

Anadolu Cam Sanayii A.S.

      1,232,055       $ 2,093,851  

Anadolu Hayat Emeklilik A.S.

      587,370         1,268,369  

Anadolu Sigorta*

      4,895,921         2,663,662  

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

      567,386         3,373,320  

Bagfas Bandirma Gubre Fabrik

      3,471         340,695  

Cimsa Cimento Sanayi ve Tica

      153,262         773,660  

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

      642,309         752,945  

Hurriyet Gazetecilik A.S.*

      1,478,059         978,243  

Koza Altin Isletmeleri A.S.

      77,999         1,478,695  

Pinar SUT Mamulleri Sanayii A.S.

      51,751         539,889  

Sekerbank TAS

      3,224,490         1,808,565  

Selcuk Ecza Deposu Ticaret ve Sanayi A.S.

      791,685         794,838  

Tekfen Holding A.S.(a)

      315,414         1,093,308  

Tofas Turk Otomobil Fabrikasi A.S.

      1,723,061         7,364,252  

Trakya Cam Sanayi A.S.

      1,463,314         2,273,476  

Turcas Petrol A.S.(a)

      400,737         606,871  

Turk Traktor ve Ziraat Makineleri A.S.*

      137,130         2,799,670  

Ulker Biskuvi Sanayi A.S.

      774,214         2,449,137  
     

 

 

  
Total Turkey         38,806,248  

TOTAL COMMON STOCKS

(Cost: $976,643,936)

               1,010,828,575  
EXCHANGE-TRADED FUNDS – 0.8%      
United States – 0.8%      

WisdomTree Emerging Markets Equity Income Fund(a)(b)

      14,431         831,370  

WisdomTree India Earnings Fund(a)(b)

      386,779         7,457,099  
     

 

 

  
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $9,161,949)		               8,288,469  
RIGHTS – 0.0%      
Taiwan – 0.0%      

Green Energy Technology, Inc., expiring 4/17/12*

      
(Cost: $0)      54,526         8,314  
TOTAL LONG-TERM INVESTMENTS
(Cost: $985,805,885)		               1,019,125,358  
SHORT-TERM INVESTMENT – 0.1%      
MONEY MARKET FUND – 0.1%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $1,038,298)		      1,038,298         1,038,298  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.4%      
MONEY MARKET FUND – 1.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $14,313,135)(d)      14,313,135         14,313,135  
TOTAL INVESTMENTS IN SECURITIES – 101.1%
(Cost: $1,001,157,318)		          1,034,476,791   

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (1.1)%

         (11,609,219 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 1,022,867,572   

 

See Notes to Financial Statements.

 

108   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

March 31, 2012

 

  

 

 

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $73,744, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $13,664,499 and the total market value of the collateral held by the Fund was $14,313,135.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      109   

Table of Contents

Schedule of Investments

WisdomTree Middle East Dividend Fund (GULF)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.9%      
Jordan – 1.7%      

Arab Bank PLC

      19,935       $ 229,073  

Jordan Petroleum Refinery Co.

      2,058         15,756  
     

 

 

  
Total Jordan         244,829  
Kuwait – 26.7%      

Agility Public Warehousing Co. KSC

      175,000         251,935  

Ahli United Bank

      47,250         137,745  

Gulf Cable & Electrical Industries Co.

      13,500         66,079  

Kuwait Finance House

      80,077         224,798  

Kuwait Foods Americana

      32,500         168,436  

Kuwait Projects Co. Holdings KSC

      87,008         106,470  

Mobile Telecommunications Co. KSC

      582,624         1,824,304  

National Bank of Kuwait

      162,268         630,734  

National Mobile Telecommunications Co. KSC

      42,500         333,453  
     

 

 

  
Total Kuwait         3,743,954  
Morocco – 10.7%      

Attijariwafa Bank

      2,935         126,043  

Banque Centrale Populaire

      362         8,594  

Douja Promotion Groupe Addoha S.A.

      1,887         16,433  

Maroc Telecom S.A.

      83,225         1,350,217  
     

 

 

  
Total Morocco         1,501,287  
Oman – 5.2%      

Bank Sohar

      10,258         3,917  

BankMuscat SAOG

      2,565         4,097  

Galfar Engineering & Contracting SAOG

      3,975         3,913  

Oman International Bank SAOG

      5,782         4,160  

Oman Telecommunications Co. SAOG

      159,831         536,783  

Omani Qatari Telecommunications Co. SAOG

      116,840         181,785  
     

 

 

  
Total Oman         734,655  
Qatar – 34.9%      

Al Khaliji

      29,712         133,830  

Barwa Real Estate Co.

      3,880         29,945  

Commercial Bank of Qatar QSC (The)

      24,004         506,319  

Doha Bank QSC

      20,899         349,560  

Gulf International Services OSC

      14,839         107,390  

Gulf Warehousing Co.

      424         4,367  

Industries Qatar QSC

      29,066         1,121,607  

National Leasing

      333         4,280  

Qatar Electricity & Water Co.

      7,313         291,235  

Qatar Gas Transport Co. Nakilat

      41,807         201,170  

Qatar Insurance Co.

      8,915         180,210  

Qatar International Islamic Bank

      15,792         220,333  

Qatar Islamic Bank

      15,834         334,423  

Qatar National Bank SAQ

      18,145         673,274  

Qatar Telecom Q-Tel QSC

      16,953         628,579  

Qatari Investors’ Group

      23,712         105,633  

Salam International Investment Co.

      1,193         4,194  
     

 

 

  
Total Qatar         4,896,349  
United Arab Emirates – 19.7%      

Aramex PJSC

      251,751         124,745  

DP World Ltd.

      30,625         355,250  
     

Dubai Investments PJSC

      1,024,825       $ 245,813  

Dubai Islamic Bank PJSC

      610,104         350,482  

Emaar Properties PJSC

      412,040         339,908  

First Gulf Bank PJSC

      192,440         509,785  

National Bank of Abu Dhabi PJSC

      219,979         520,451  

Union National Bank PJSC*

      279,855         239,244  

Waha Capital PJSC

      401,602         76,537  
     

 

 

  
Total United Arab Emirates         2,762,215  
TOTAL COMMON STOCKS
(Cost: $12,662,085)		               13,883,289  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(a)
(Cost: $4,567)		      4,567         4,567  
TOTAL INVESTMENTS IN SECURITIES – 98.9%
(Cost: $12,666,652)		         13,887,856  

Foreign Currency and Other Assets in
Excess of Liabilities – 1.1%

   

      150,634  
     

 

 

  
NET ASSETS – 100.0%       $ 14,038,490  
* 

Non-income producing security.

 

(a) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

See Notes to Financial Statements.

 

110   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 12.3%      

Adelaide Brighton Ltd.

      2,665       $ 8,006  

AGL Energy Ltd.

      1,578         24,112  

Alumina Ltd.

      5,040         6,448  

Amalgamated Holdings Ltd.

      49         315  

Amcor Ltd.

      3,523         27,153  

AMP Ltd.

      7,516         33,636  

APN News & Media Ltd.

      6,984         6,548  

Australia & New Zealand Banking Group Ltd.

      9,939         239,492  

Automotive Holdings Group

      226         557  

Bank of Queensland Ltd.(a)

      1,392         10,498  

Bank of Queensland Ltd. Placement Shares*

      301         2,270  

Bendigo and Adelaide Bank Ltd.

      1,819         14,604  

BHP Billiton Ltd.

      4,759         170,630  

Boral Ltd.

      1,741         7,269  

Bradken Ltd.

      898         7,982  

Brambles Ltd.

      3,500         25,743  

BT Investment Management Ltd.

      3,919         8,972  

Cabcharge Australia Ltd.

      1,612         10,070  

Caltex Australia Ltd.

      929         13,368  

Campbell Brothers Ltd.

      205         14,278  

Challenger Infrastructure Fund Class A(b)

      2,565         3,136  

Coca-Cola Amatil Ltd.

      2,198         28,394  

Cochlear Ltd.

      110         7,054  

Commonwealth Bank of Australia

      5,624         291,892  

Computershare Ltd.

      1,465         13,659  

Consolidated Media Holdings Ltd.

      1,534         4,624  

Crown Ltd.

      2,061         18,554  

CSL Ltd.

      977         36,325  

CSR Ltd.

      7,567         14,110  

David Jones Ltd.(a)

      3,484         8,698  

Envestra Ltd.

      19,511         15,665  

Fairfax Media Ltd.(a)

      6,622         4,974  

Fleetwood Corp., Ltd.

      797         10,114  

Flight Centre Ltd.

      351         8,000  

Fortescue Metals Group Ltd.

      1,336         8,041  

GrainCorp Ltd.

      1,227         11,504  

GWA Group Ltd.

      3,141         6,996  

Harvey Norman Holdings Ltd.(a)

      4,760         9,912  

Incitec Pivot Ltd.

      2,771         9,042  

Insurance Australia Group Ltd.

      7,266         25,593  

Invocare Ltd.

      1,124         9,327  

IOOF Holdings Ltd.

      1,262         7,557  

Iress Market Technology Ltd.

      1,037         7,520  

JB Hi-Fi Ltd.(a)

      606         6,881  

Leighton Holdings Ltd.

      1,244         27,476  

Lend Lease Group(b)

      2,647         20,484  

Macquarie Group Ltd.

      1,266         38,139  

Metcash Ltd.

      2,325         10,357  

Monadelphous Group Ltd.

      419         10,374  

Myer Holdings Ltd.(a)

      4,346         10,535  

National Australia Bank Ltd.

      7,823         199,364  

New Hope Corp., Ltd.(a)

      2,168         11,881  
     

Newcrest Mining Ltd.

      493       $ 15,158  

OneSteel Ltd.

      6,770         8,697  

Orica Ltd.

      839         24,310  

Origin Energy Ltd.

      1,756         24,285  

OZ Minerals Ltd.

      1,164         11,769  

Perpetual Ltd.

      281         7,391  

Platinum Asset Management Ltd.

      5,160         21,703  

QBE Insurance Group Ltd.

      5,296         77,742  

Ramsay Health Care Ltd.

      474         9,600  

Rio Tinto Ltd.

      465         31,504  

Salmat Ltd.

      2,580         6,281  

Santos Ltd.

      1,165         17,186  

Seven West Media Ltd.

      2,102         8,514  

Sonic Healthcare Ltd.

      1,269         16,459  

Suncorp Group Ltd.

      3,404         29,622  

TABCORP Holdings Ltd.

      7,966         22,446  

Tatts Group Ltd.

      4,534         11,649  

Telstra Corp., Ltd.

      71,872         244,959  

Toll Holdings Ltd.

      2,215         13,470  

Transfield Services Ltd.

      2,211         5,680  

UGL Ltd.

      660         9,025  

Wesfarmers Ltd.

      3,570         111,024  

Westpac Banking Corp.

      13,022         295,299  

Woodside Petroleum Ltd.

      1,107         39,920  

Woolworths Ltd.

      3,924         105,610  

WorleyParsons Ltd.

      463         13,732  
     

 

 

  
Total Australia         2,711,168  
Austria – 0.5%      

Andritz AG(a)

      114         11,140  

Oesterreichische Post AG

      253         8,794  

OMV AG

      597         21,187  

Raiffeisen Bank International AG(a)

      175         6,176  

Strabag SE

      264         8,032  

Telekom Austria AG

      2,021         23,501  

Verbund AG(a)

      289         8,779  

Vienna Insurance Group AG Wiener Versicherung Gruppe

      155         6,826  

Voestalpine AG

      258         8,663  
     

 

 

  
Total Austria         103,098  
Belgium – 1.2%      

Ageas

      4,270         9,371  

Anheuser-Busch InBev N.V.

      1,426         104,028  

Belgacom S.A.

      1,606         51,554  

Cofinimmo

      77         9,454  

Delhaize Group S.A.

      230         12,083  

Elia System Operator S.A./N.V.

      155         6,554  

EVS Broadcast Equipment S.A.

      119         6,161  

KBC Groep N.V.

      469         11,748  

Mobistar S.A.

      161         8,008  

NV Bekaert S.A.

      98         3,152  

Solvay S.A.

      115         13,595  

UCB S.A.

      248         10,684  

Umicore S.A.

      144         7,921  
     

 

 

  
Total Belgium         254,313  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      111   

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Denmark – 0.4%      

Carlsberg A/S Class B(a)

      88       $ 7,262  

D/S Norden

      411         12,213  

FLSmidth & Co. A/S(a)

      122         8,552  

H. Lundbeck A/S(a)

      507         10,146  

Novo Nordisk A/S Class B

      387         53,514  

Pandora A/S

      237         2,738  
     

 

 

  
Total Denmark         94,425  
Finland – 1.5%      

Elisa Oyj

      659         15,770  

Fortum Oyj

      1,696         41,106  

Kone Oyj Class B

      268         14,907  

Konecranes Oyj

      190         4,985  

Metso Oyj(a)

      353         15,066  

Neste Oil Oyj

      618         7,600  

Nokia Oyj(a)

      16,447         89,406  

Nokian Renkaat Oyj

      182         8,856  

Orion Oyj Class B

      524         10,342  

Pohjola Bank PLC Class A

      958         10,595  

Rautaruukki Oyj

      428         4,486  

Sampo Oyj Class A

      1,199         34,601  

Sanoma Oyj(a)

      803         10,266  

Stora Enso Oyj Class R

      2,201         16,326  

Tieto Oyj

      532         9,982  

UPM-Kymmene Oyj(a)

      1,284         17,458  

Wartsila Oyj Abp

      438         16,495  

YIT Oyj

      376         8,072  
     

 

 

  
Total Finland         336,319  
France – 10.1%      

Accor S.A.

      560         19,964  

Aeroports de Paris

      157         12,867  

Air Liquide S.A.

      316         42,065  

Alstom S.A.

      390         15,197  

Arkema S.A.

      95         8,839  

AXA S.A.

      4,534         75,051  

BNP Paribas S.A.

      2,093         99,156  

Bouygues S.A.

      802         24,490  

Bureau Veritas S.A.

      139         12,217  

Cap Gemini S.A.

      277         12,380  

Carrefour S.A.

      1,058         25,326  

Casino Guichard Perrachon S.A.

      275         27,063  

Christian Dior S.A.

      169         25,893  

Cie de Saint-Gobain

      571         25,462  

Cie Generale des Etablissements Michelin

      257         19,108  

CNP Assurances

      1,335         20,800  

Danone

      676         47,082  

Edenred

      419         12,588  

EDF S.A.

      3,533         80,501  

Eiffage S.A.

      104         4,018  

Euler Hermes S.A.

      131         10,275  

Eutelsat Communications S.A.

      296         10,927  

France Telecom S.A.

      11,403         168,634  

GDF Suez

      6,108         157,556  
     

Hermes International(a)

      48       $ 16,150  

ICADE

      167         14,876  

Klepierre

      441         15,269  

Lafarge S.A.

      579         27,592  

Lagardere SCA

      328         10,103  

Legrand S.A.

      421         15,468  

L’Oreal S.A.

      535         65,895  

LVMH Moet Hennessy Louis Vuitton S.A.

      418         71,724  

M6-Metropole Television S.A.

      514         9,275  

Natixis

      8,627         33,145  

Neopost S.A.

      159         10,210  

Nexity S.A.

      204         6,444  

Pernod-Ricard S.A.

      269         28,085  

PPR

      195         33,499  

Publicis Groupe S.A.

      164         9,027  

Rallye S.A.

      95         3,564  

Remy Cointreau S.A.

      95         9,640  

Rexel S.A.

      426         9,375  

Safran S.A.

      354         12,990  

Sanofi

      2,780         215,575  

Schneider Electric S.A.

      691         45,081  

SCOR SE

      494         13,328  

Societe Generale S.A.

      1,457         42,618  

Societe Immobiliere de Location pour l’Industrie et le Commerce

      140         15,422  

Societe Television Francaise 1

      516         6,309  

Sodexo

      189         15,494  

Suez Environnement Co.

      662         10,138  

Technip S.A.

      190         22,350  

Total S.A.

      6,336         322,656  

Vallourec S.A.

      117         7,401  

Veolia Environnement S.A.

      1,083         17,934  

Vinci S.A.

      998         51,965  

Vivendi S.A.

      4,476         82,019  
     

 

 

  
Total France         2,228,080  
Germany – 7.5%      

Adidas AG

      160         12,473  

Aixtron SE N.A.

      156         2,713  

Allianz SE

      936         111,522  

Axel Springer AG

      234         11,801  

BASF SE

      1,538         134,338  

Bayer AG

      990         69,532  

Bayerische Motoren Werke AG

      539         48,400  

Beiersdorf AG

      435         28,342  

Bilfinger Berger SE

      122         11,443  

Celesio AG

      484         8,746  

Daimler AG

      1,896         114,151  

Deutsche Bank AG

      681         33,831  

Deutsche Boerse AG

      447         30,049  

Deutsche Lufthansa AG

      867         12,117  

Deutsche Post AG

      3,460         66,512  

Deutsche Telekom AG

      12,614         151,636  

E.ON AG

      7,026         168,043  

 

See Notes to Financial Statements.

 

112   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Fielmann AG

      137       $ 13,152  

Fraport AG Frankfurt Airport Services Worldwide

      136         8,503  

Fresenius Medical Care AG & Co. KGaA

      303         21,442  

Fresenius SE & Co. KGaA

      111         11,366  

Hannover Rueckversicherung AG

      361         21,412  

Henkel AG & Co. KGaA

      379         23,621  

Infineon Technologies AG

      915         9,341  

K+S AG

      168         8,776  

Linde AG

      158         28,311  

MAN SE

      187         24,861  

Merck KGaA

      138         15,250  

Metro AG

      456         17,604  

Muenchener Rueckversicherungs AG

      533         80,242  

RWE AG

      2,122         101,180  

SAP AG

      674         46,997  

Siemens AG

      1,264         127,238  

SMA Solar Technology AG(a)

      76         3,439  

Suedzucker AG

      288         9,157  

ThyssenKrupp AG

      376         9,346  

United Internet AG Registered Shares

      416         7,828  

Volkswagen AG

      256         41,217  

Wacker Chemie AG

      57         5,018  
     

 

 

  
Total Germany         1,650,950  
Hong Kong – 5.1%      

Bank of East Asia Ltd.(a)

      3,552         13,359  

BOC Hong Kong Holdings Ltd.

      20,476         56,570  

Cathay Pacific Airways Ltd.

      16,000         29,634  

Cheung Kong Holdings Ltd.

      2,419         31,250  

China Merchants Holdings International Co., Ltd.

      4,000         13,395  

China Mobile Ltd.

      38,500         423,728  

China Overseas Land & Investment Ltd.

      6,000         11,406  

China Resources Enterprise Ltd.

      2,000         6,981  

China Resources Power Holdings Co., Ltd.

      4,000         7,409  

China Unicom Hong Kong Ltd.

      8,318         14,099  

Citic Pacific Ltd.

      5,770         9,721  

CLP Holdings Ltd.

      3,534         30,497  

CNOOC Ltd.

      51,207         105,263  

Fosun International Ltd.

      13,766         8,192  

Guangdong Investment Ltd.

      14,670         10,222  

Hang Lung Properties Ltd.

      5,000         18,322  

Hang Seng Bank Ltd.

      3,749         49,832  

Henderson Land Development Co., Ltd.

      2,000         11,038  

HKT Trust and HKT Ltd.*(b)

      434         338  

Hong Kong & China Gas Co., Ltd.

      7,288         18,680  

Hong Kong Exchanges and Clearing Ltd.

      1,654         27,801  

Hutchison Whampoa Ltd.

      5,164         51,613  

Lenovo Group Ltd.

      12,000         10,804  

MTR Corp., Ltd.

      6,001         21,487  

New World Development Co., Ltd.

      7,706         9,260  

PCCW Ltd.

      20,000         7,161  

Power Assets Holdings Ltd.

      3,959         29,065  

Shanghai Industrial Holdings Ltd.

      2,000         6,170  

Shougang Fushan Resources Group Ltd.

      13,263         4,493  
     

Sino Land Co., Ltd.

      9,581       $ 15,302  

SJM Holdings Ltd.

      6,000         12,210  

Sun Hung Kai Properties Ltd.

      2,525         31,384  

Television Broadcasts Ltd.

      1,000         6,743  

Wharf Holdings Ltd.

      2,463         13,387  
     

 

 

  
Total Hong Kong         1,116,816  
Ireland – 0.3%      

CRH PLC

      1,606         32,722  

DCC PLC

      430         10,631  

Dragon Oil PLC

      828         8,255  

Kerry Group PLC Class A

      105         4,852  
     

 

 

  
Total Ireland         56,460  
Italy – 3.5%      

A2A SpA(a)

      8,575         6,869  

ACEA SpA

      1,155         7,334  

Assicurazioni Generali SpA(a)

      2,485         38,520  

Atlantia SpA

      1,455         24,123  

Banca Carige SpA(a)

      4,606         6,036  

Banca Monte dei Paschi di Siena SpA(a)

      12,932         5,444  

Credito Emiliano SpA

      1,205         5,697  

Enel Green Power SpA

      5,989         11,365  

Enel SpA

      24,808         89,596  

ENI SpA

      11,250         263,527  

ERG SpA

      1,102         9,752  

Exor SpA

      231         5,823  

Intesa Sanpaolo SpA

      26,123         46,755  

Intesa Sanpaolo SpA RSP

      739         1,139  

Iren SpA

      5,472         4,682  

Luxottica Group SpA

      812         29,358  

Mediaset SpA

      7,805         21,494  

Mediobanca SpA

      892         5,231  

Mediolanum SpA

      1,441         6,839  

Parmalat SpA

      1,911         4,766  

Pirelli & C SpA

      1,049         12,461  

Saipem SpA

      418         21,559  

Snam SpA

      10,724         51,498  

Telecom Italia SpA

      35,211         41,803  

Telecom Italia SpA RSP

      24,117         23,670  

Terna Rete Elettrica Nazionale SpA

      5,412         21,722  
     

 

 

  
Total Italy         767,063  
Japan – 14.5%      

77 Bank Ltd. (The)

      3,000         13,306  

Aeon Co., Ltd.

      1,251         16,539  

Aisin Seiki Co., Ltd.

      300         10,594  

Ajinomoto Co., Inc.

      363         4,579  

Asahi Glass Co., Ltd.

      1,000         8,530  

Asahi Group Holdings Ltd.

      700         15,591  

Asahi Kasei Corp.

      1,773         11,009  

Astellas Pharma, Inc.

      879         36,316  

Axell Corp.

      300         7,138  

Bank of Yokohama Ltd. (The)

      5,000         25,153  

Bridgestone Corp.

      649         15,820  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      113   

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Brother Industries Ltd.

      600       $ 8,180  

Canon, Inc.

      1,900         90,273  

Century Tokyo Leasing Corp.

      600         12,183  

Chiba Bank Ltd. (The)

      2,000         12,832  

Chiyoda Co., Ltd.

      619         12,486  

Chubu Electric Power Co., Inc.

      1,700         30,862  

Chugai Pharmaceutical Co., Ltd.

      746         13,833  

Chugoku Electric Power Co., Inc. (The)

      535         9,992  

Coca-Cola West Co., Ltd.

      491         8,657  

Cosmo Oil Co., Ltd.

      3,000         8,384  

Dai Nippon Printing Co., Ltd.

      1,386         14,248  

Daihatsu Motor Co., Ltd.

      1,000         18,422  

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

      7         9,722  

Daiichi Sankyo Co., Ltd.

      1,270         23,272  

Daikin Industries Ltd.

      200         5,475  

Daio Paper Corp.

      1,000         6,003  

Daito Trust Construction Co., Ltd.

      194         17,515  

Daiwa House Industry Co., Ltd.

      612         8,136  

Daiwa Securities Group, Inc.

      1,850         7,351  

Denso Corp.

      676         22,713  

DIC Corp.

      7,000         14,205  

East Japan Railway Co.

      500         31,654  

Eisai Co., Ltd.

      755         30,183  

Electric Power Development Co., Ltd.

      200         5,454  

FamilyMart Co., Ltd.

      200         8,506  

FANUC Corp.

      200         35,677  

Fast Retailing Co., Ltd.

      89         20,397  

Fuji Heavy Industries Ltd.

      1,000         8,081  

FUJIFILM Holdings Corp.

      498         11,746  

Fujikura Kasei Co., Ltd.

      2,100         10,998  

Fujitsu Ltd.

      3,000         15,894  

Fukuoka Financial Group, Inc.

      2,000         8,919  

Hankyu Hanshin Holdings, Inc.

      2,000         8,773  

Hirose Electric Co., Ltd.

      100         10,560  

Hitachi Capital Corp.

      700         10,479  

Hitachi Ltd.

      2,000         12,905  

Hokkaido Electric Power Co., Inc.

      700         10,335  

Hokuriku Electric Power Co.

      600         10,907  

Honda Motor Co., Ltd.

      1,500         57,324  

Hoya Corp.

      888         20,059  

Ibiden Co., Ltd.

      200         5,145  

Inpex Corp.

      2         13,585  

ITOCHU Corp.

      1,600         17,556  

Itochu Techno-Solutions Corp.

      200         9,004  

Japan Tobacco, Inc.

      9         50,963  

JFE Holdings, Inc.

      700         15,124  

JS Group Corp.

      497         10,466  

JX Holdings, Inc.

      5,334         33,250  

Kajima Corp.(a)

      2,479         7,591  

Kansai Electric Power Co., Inc. (The)

      1,800         28,041  

Kao Corp.

      804         21,220  

Kawasaki Heavy Industries Ltd.

      2,000         6,149  

Kawasaki Kisen Kaisha Ltd.*

      2,000         4,423  

KDDI Corp.

      5         32,566  
     

Keisei Electric Railway Co., Ltd.

      1,000       $ 7,777  

Kintetsu Corp.

      1,000         3,828  

Kirin Holdings Co., Ltd.

      1,000         13,014  

Kobe Steel Ltd.

      6,000         9,770  

Komatsu Ltd.

      600         17,199  

Konami Corp.

      70         1,996  

Konica Minolta Holdings, Inc.

      1,000         8,785  

Kubota Corp.

      1,000         9,660  

Kuraray Co., Ltd.

      600         8,538  

Kyocera Corp.

      161         14,829  

Kyowa Hakko Kirin Co., Ltd.

      1,000         11,179  

Kyushu Electric Power Co., Inc.

      1,200         17,192  

Lawson, Inc.

      234         14,814  

Lion Corp.

      2,000         11,520  

Makita Corp.

      200         8,069  

Marubeni Corp.

      2,000         14,509  

Marui Group Co., Ltd.

      1,000         8,384  

MEIJI Holdings Co., Ltd.

      183         8,039  

Mikuni Coca-Cola Bottling Co., Ltd.

      2,000         17,182  

Mitsubishi Chemical Holdings Corp.

      2,109         11,327  

Mitsubishi Corp.

      2,500         58,327  

Mitsubishi Electric Corp.

      1,000         8,895  

Mitsubishi Estate Co., Ltd.

      1,000         17,935  

Mitsubishi Heavy Industries Ltd.

      2,000         9,745  

Mitsubishi Tanabe Pharma Corp.

      552         7,787  

Mitsubishi UFJ Financial Group, Inc.

      21,200         106,135  

Mitsui & Co., Ltd.

      2,700         44,522  

Mitsui Chemicals, Inc.

      2,000         6,100  

Mitsui Fudosan Co., Ltd.

      713         13,715  

Mitsui O.S.K. Lines Ltd.

      2,000         8,749  

Mizuho Financial Group, Inc.

      49,500         81,202  

MS&AD Insurance Group Holdings

      799         16,496  

Murata Manufacturing Co., Ltd.

      200         11,921  

Nagoya Railroad Co., Ltd.

      3,000         8,312  

Namco Bandai Holdings, Inc.

      900         13,058  

NEC Mobiling Ltd.

      262         9,096  

Nidec Corp.

      100         9,162  

Nintendo Co., Ltd.

      300         45,385  

Nippon Electric Glass Co., Ltd.

      1,000         8,737  

Nippon Express Co., Ltd.

      1,961         7,697  

Nippon Paper Group, Inc.

      500         10,468  

Nippon Sheet Glass Co., Ltd.

      2,000         3,086  

Nippon Steel Corp.

      6,000         16,550  

Nippon Telegraph & Telephone Corp.

      2,083         95,044  

Nippon Yusen K.K.

      5,000         15,797  

Nishi-Nippon Railroad Co., Ltd.

      5,000         23,634  

Nissan Motor Co., Ltd.

      2,200         23,552  

Nissin Foods Holdings Co., Ltd.

      200         7,522  

Nitto Denko Corp.

      178         7,213  

NKSJ Holdings, Inc.

      850         19,108  

Nomura Holdings, Inc.

      3,800         16,900  

Nomura Research Institute Ltd.

      600         14,968  

NTT DoCoMo, Inc.

      71         118,542  

Obayashi Corp.

      1,000         4,387  

 

See Notes to Financial Statements.

 

114   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

OJI Paper Co., Ltd.

      2,000       $ 9,721  

Onoken Co., Ltd.

      1,400         12,078  

Oracle Corp.

      462         17,656  

Oriental Land Co., Ltd.

      100         10,778  

Osaka Gas Co., Ltd.

      4,000         16,137  

Otsuka Holdings Co., Ltd.

      445         13,248  

Panasonic Corp.

      1,197         11,069  

Resona Holdings, Inc.

      4,200         19,445  

Ricoh Co., Ltd.

      2,000         19,564  

Rohm Co., Ltd.

      200         9,928  

Saibu Gas Co., Ltd.

      5,000         13,549  

Sankyo Co., Ltd.

      179         8,831  

Secom Co., Ltd.

      440         21,654  

Sega Sammy Holdings, Inc.

      500         10,535  

Sekisui House Ltd.

      1,000         9,855  

Seven & I Holdings Co., Ltd.

      873         26,075  

Sharp Corp.

      1,000         7,339  

Shikoku Electric Power Co., Inc.

      600         17,010  

Shin-Etsu Chemical Co., Ltd.

      539         31,307  

Shionogi & Co., Ltd.

      600         8,341  

Shiseido Co., Ltd.

      763         13,240  

Shizuoka Bank Ltd. (The)

      1,000         10,353  

Showa Denko K.K.

      7,000         15,991  

Showa Shell Sekiyu K.K.

      843         5,409  

Sojitz Corp.

      4,800         8,632  

Sony Corp.

      300         6,212  

Sumitomo Chemical Co., Ltd.

      2,000         8,555  

Sumitomo Corp.

      1,800         26,160  

Sumitomo Electric Industries Ltd.

      851         11,716  

Sumitomo Metal Industries Ltd.

      8,538         17,326  

Sumitomo Metal Mining Co., Ltd.

      1,000         14,132  

Sumitomo Mitsui Financial Group, Inc.

      2,400         79,412  

Sumitomo Mitsui Trust Holdings, Inc.

      2,754         8,835  

T&D Holdings, Inc.

      800         9,323  

Taisei Corp.

      2,947         7,735  

Takashimaya Co., Ltd.

      1,000         8,348  

Takata Corp.

      300         8,038  

Takeda Pharmaceutical Co., Ltd.

      2,107         93,323  

TDK Corp.

      100         5,699  

Tenma Corp.

      1,200         14,028  

Terumo Corp.

      500         24,029  

Tokio Marine Holdings, Inc.

      1,090         30,079  

Tokyo Electron Ltd.

      200         11,507  

Tokyo Gas Co., Ltd.

      6,000         28,434  

Tokyu Corp.

      2,000         9,551  

TonenGeneral Sekiyu K.K.

      2,271         21,028  

Toppan Printing Co., Ltd.

      1,707         13,400  

Topy Industries Ltd.

      4,000         12,492  

Toray Industries, Inc.

      1,000         7,461  

Toshiba Corp.

      2,000         8,846  

Toyota Motor Corp.

      2,200         95,437  

Toyota Tsusho Corp.

      600         12,285  

Trend Micro, Inc.

      273         8,436  

USS Co., Ltd.

      120         12,234  
     

Yahoo! Japan Corp.

      49       $ 15,945  

Yakult Honsha Co., Ltd.

      200         6,914  
     

 

 

  
Total Japan         3,175,276  
Netherlands – 1.9%      

Akzo Nobel N.V.

      285         16,802  

ASML Holding N.V.

      337         16,820  

Delta Lloyd N.V.

      563         9,882  

European Aeronautic Defence and Space Co. N.V.

      398         16,274  

Exact Holding N.V.

      334         7,873  

Fugro N.V. CVA

      128         9,106  

Heineken Holding N.V.

      325         15,191  

Heineken N.V.

      458         25,418  

Koninklijke Ahold N.V.

      1,980         27,396  

Koninklijke Boskalis Westminster N.V.

      189         7,089  

Koninklijke DSM N.V.

      239         13,808  

Koninklijke KPN N.V.

      5,541         60,862  

Koninklijke Philips Electronics N.V.

      1,683         34,067  

PostNL N.V.

      1,488         9,175  

Randstad Holding N.V.

      307         11,566  

Reed Elsevier N.V.

      2,312         29,484  

STMicroelectronics N.V.

      1,535         12,551  

Unilever N.V. CVA

      2,661         90,416  

Wolters Kluwer N.V.

      544         10,287  
     

 

 

  
Total Netherlands         424,067  
New Zealand – 0.4%      

Contact Energy Ltd.*

      2,857         11,074  

Nuplex Industries Ltd.

      6,954         14,645  

NZX Ltd.

      2,883         6,639  

Ryman Healthcare Ltd.

      2,684         6,796  

SKYCITY Entertainment Group Ltd.

      3,017         9,741  

Telecom Corp. of New Zealand Ltd.

      6,064         12,050  

Vector Ltd.

      188         399  

Warehouse Group Ltd. (The)

      7,187         16,431  
     

 

 

  
Total New Zealand         77,775  
Norway – 2.0%      

ABG Sundal Collier Holding ASA

      13,802         11,953  

Aker ASA Class A

      443         14,484  

Aker Solutions ASA

      464         7,838  

DNB ASA

      3,494         44,839  

Fred Olsen Energy ASA

      433         16,951  

Gjensidige Forsikring ASA

      1,629         19,206  

Leroey Seafood Group ASA

      341         5,620  

Marine Harvest ASA

      48,186         24,836  

Norsk Hydro ASA

      2,096         11,395  

Orkla ASA

      2,431         19,204  

SpareBank 1 SMN

      414         2,656  

SpareBank 1 SR Bank ASA

      1,119         8,043  

Statoil ASA

      6,600         178,883  

Telenor ASA

      3,198         59,205  

Yara International ASA

      239         11,380  
     

 

 

  
Total Norway         436,493  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      115   

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Portugal – 0.6%      

Banco Espirito Santo S.A.

      3,819       $ 6,967  

Brisa Auto-Estradas de Portugal S.A.

      2,186         7,773  

Cimpor Cimentos de Portugal, SGPS, S.A.

      1,516         10,094  

EDP-Energias de Portugal S.A.

      10,239         29,739  

Galp Energia, SGPS, S.A. Class B

      398         6,540  

Mota-Engil, SGPS, S.A.

      3,537         5,732  

Portugal Telecom, SGPS, S.A.

      5,566         30,235  

REN – Redes Energeticas Nacionais S.A.

      2,719         8,219  

Sonae

      11,949         7,097  

Sonaecom – SGPS S.A.

      5,367         8,684  

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

      1,773         6,021  
     

 

 

  
Total Portugal         127,101  
Singapore – 2.2%      

Cityspring Infrastructure Trust

      27,359         8,377  

DBS Group Holdings Ltd.

      2,793         31,499  

Jardine Cycle & Carriage Ltd.

      433         16,630  

Keppel Corp., Ltd.

      4,029         35,216  

Keppel Land Ltd.

      5,000         13,799  

M1 Ltd.

      6,000         12,121  

Oversea-Chinese Banking Corp., Ltd.

      5,575         39,551  

Sakari Resources Ltd.

      3,000         5,559  

SembCorp Industries Ltd.

      4,568         19,182  

SembCorp Marine Ltd.(a)

      9,000         37,794  

Singapore Airlines Ltd.

      1,000         8,566  

Singapore Exchange Ltd.

      4,491         24,788  

Singapore Post Ltd.

      14,000         11,357  

Singapore Press Holdings Ltd.

      6,540         20,390  

Singapore Technologies Engineering Ltd.

      8,128         21,009  

Singapore Telecommunications Ltd.

      34,000         85,179  

StarHub Ltd.

      7,438         18,338  

United Overseas Bank Ltd.

      2,000         29,188  

UOB-Kay Hian Holdings Ltd.

      15,082         20,272  

Venture Corp., Ltd.

      1,458         9,880  

Wilmar International Ltd.

      4,019         15,662  

Yangzijiang Shipbuilding Holdings Ltd.

      7,000         7,404  
     

 

 

  
Total Singapore         491,761  
Spain – 5.2%      

Abertis Infraestructuras, S.A.

      666         11,321  

Acciona S.A.

      114         7,949  

Acerinox S.A.

      628         8,060  

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

      877         22,412  

Antena 3 de Television S.A.

      1,029         6,139  

Banco Bilbao Vizcaya Argentaria S.A.

      10,468         83,181  

Banco de Sabadell S.A.(a)

      4,382         11,916  

Banco Espanol de Credito S.A.(a)

      2,233         10,687  

Banco Popular Espanol S.A.

      2,162         7,745  

Banco Popular Espanol S.A. Temp Line*

      28         100  

Banco Santander S.A.

      30,039         230,817  

Bankinter S.A.(a)

      1,266         6,631  

Bolsas y Mercados Espanoles S.A.

      76         1,945  

CaixaBank(a)

      10,569         41,084  
     

Ebro Foods S.A.

      337       $ 6,532  

Enagas S.A.

      543         10,435  

Endesa S.A.

      2,290         45,561  

Ferrovial S.A.

      1,852         21,255  

Fomento de Construcciones y Contratas S.A.

      518         11,555  

Gas Natural SDG S.A.

      2,384         38,034  

Iberdrola S.A.

      13,839         78,454  

Inditex S.A.

      650         62,168  

Indra Sistemas S.A.

      127         1,554  

Mapfre S.A.(a)

      6,958         22,368  

Mediaset Espana Comunicacion S.A.

      1,153         6,602  

Obrascon Huarte Lain S.A.

      187         5,558  

Red Electrica Corp. S.A.

      228         11,140  

Repsol YPF S.A.

      2,314         57,964  

Telefonica S.A.

      17,808         291,338  

Zardoya Otis S.A.

      1,748         22,603  
     

 

 

  
Total Spain         1,143,108  
Sweden – 3.5%      

Alfa Laval AB

      549         11,261  

Assa Abloy AB Class B

      486         15,220  

Atlas Copco AB Class A

      1,533         36,989  

Axis Communications AB

      245         6,609  

Boliden AB

      845         13,232  

Castellum AB

      774         9,723  

Electrolux AB Series B(a)

      631         13,304  

Hakon Invest AB

      946         16,353  

Hennes & Mauritz AB Class B

      3,559         128,407  

Investment AB Kinnevik Class B

      375         8,698  

Kungsleden AB

      989         6,856  

NCC AB Class B

      411         8,641  

Nordea Bank AB(a)

      8,041         72,892  

Peab AB

      1,394         7,101  

Ratos AB Class B(a)

      1,389         19,227  

Sandvik AB

      1,621         23,330  

Scania AB Class B

      1,308         27,125  

Securitas AB Class B

      1,413         13,586  

Skandinaviska Enskilda Banken AB Class A(a)

      3,166         22,426  

Skanska AB Class B

      1,406         24,304  

SKF AB Class B

      631         15,358  

Svenska Cellulosa AB Class B(a)

      1,367         23,610  

Svenska Handelsbanken AB Class A(a)

      1,577         50,124  

Swedbank AB Class A(a)

      767         11,883  

Swedish Match AB

      475         18,856  

Tele2 AB Class B

      1,039         21,139  

Telefonaktiebolaget LM Ericsson Class B

      3,777         39,020  

TeliaSonera AB

      11,391         79,209  

Volvo AB Class B(a)

      2,441         35,463  
     

 

 

  
Total Sweden         779,946  
Switzerland – 7.0%      

ABB Ltd.*

      3,245         66,490  

Actelion Ltd.*

      193         7,047  

Adecco S.A.*

      246         12,874  

Baloise Holding AG

      107         8,606  

 

See Notes to Financial Statements.

 

116   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (continued)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Cie Financiere Richemont S.A. Class A

      207       $ 12,963  

Credit Suisse Group AG*

      2,120         60,350  

EFG International AG*

      1,018         9,911  

GAM Holding AG*

      500         7,274  

Geberit AG*

      69         14,421  

Givaudan S.A.*

      14         13,476  

Holcim Ltd.*

      374         24,372  

Kuehne + Nagel International AG

      234         31,611  

Lonza Group AG*

      137         7,072  

Nestle S.A.

      5,269         331,116  

Novartis AG

      4,823         266,590  

Roche Holding AG

      377         69,239  

Roche Holding AG – Genusschein

      1,345         233,777  

Schindler Holding AG

      241         28,770  

SGS S.A.

      18         34,970  

Sulzer AG

      61         8,659  

Swatch Group AG (The)

      34         15,630  

Swiss Re AG*

      793         50,580  

Swisscom AG(a)

      127         51,272  

Syngenta AG*

      108         37,293  

Vontobel Holding AG

      297         7,525  

Zurich Financial Services AG*

      487         130,714  
     

 

 

  
Total Switzerland         1,542,602  
United Kingdom – 19.6%      

Aberdeen Asset Management PLC

      2,308         9,477  

Admiral Group PLC

      820         15,552  

AMEC PLC

      543         9,613  

Amlin PLC

      1,928         10,159  

Anglo American PLC

      890         33,232  

Antofagasta PLC

      3,316         61,035  

Ashmore Group PLC

      1,826         10,722  

Associated British Foods PLC

      1,495         29,141  

AstraZeneca PLC

      3,645         161,843  

Aviva PLC

      12,501         66,212  

Babcock International Group PLC

      837         10,652  

BAE Systems PLC

      9,059         43,408  

Balfour Beatty PLC

      2,086         9,515  

Barclays PLC

      12,604         47,375  

Berendsen PLC

      1,748         14,579  

BG Group PLC

      1,964         45,438  

BHP Billiton PLC

      2,673         81,465  

BP PLC

      18,405         136,020  

British American Tobacco PLC

      4,369         219,923  

British Land Co. PLC

      3,612         27,695  

British Sky Broadcasting Group PLC

      2,167         23,405  

Britvic PLC

      1,411         8,673  

BT Group PLC

      13,185         47,694  

Bunzl PLC

      760         12,191  

Burberry Group PLC

      621         14,853  

Cable & Wireless Communications PLC

      21,701         11,196  

Cable & Wireless Worldwide PLC

      13,305         7,228  

Capita PLC

      1,118         13,085  

Carillion PLC

      1,606         7,657  
     

Carnival PLC

      244       $ 7,789  

Centrica PLC

      10,437         52,762  

Close Brothers Group PLC

      766         9,607  

Compass Group PLC

      2,690         28,173  

Daily Mail & General Trust PLC Class A

      1,167         8,419  

Diageo PLC

      3,950         94,824  

Drax Group PLC

      1,443         12,554  

Electrocomponents PLC

      670         2,653  

Eurasian Natural Resources Corp. PLC

      2,140         20,259  

Firstgroup PLC

      2,457         9,331  

Fresnillo PLC

      782         19,966  

G4S PLC

      3,126         13,610  

GKN PLC

      2,911         9,586  

GlaxoSmithKline PLC

      12,927         288,435  

Go-Ahead Group PLC

      350         6,968  

Greene King PLC

      1,247         10,221  

Hammerson PLC

      1,190         7,902  

Hays PLC

      8,625         11,624  

Home Retail Group PLC

      4,893         8,912  

HSBC Holdings PLC

      32,051         284,110  

ICAP PLC

      1,303         8,178  

IMI PLC

      583         9,059  

Imperial Tobacco Group PLC

      2,170         87,891  

Inmarsat PLC

      1,117         8,215  

Intercontinental Hotels Group PLC

      453         10,517  

International Power PLC

      6,039         39,078  

Interserve PLC

      2,022         9,411  

Investec PLC

      993         6,065  

J. Sainsbury PLC

      4,347         21,621  

Johnson Matthey PLC

      266         10,026  

Kingfisher PLC

      3,891         19,067  

Ladbrokes PLC

      3,854         9,858  

Legal & General Group PLC

      11,852         24,750  

Logica PLC

      5,031         8,006  

Man Group PLC

      10,743         23,138  

Marks & Spencer Group PLC

      4,839         29,302  

Marston’s PLC

      5,486         8,599  

Meggitt PLC

      1,463         9,441  

Melrose PLC

      1,248         8,437  

Mondi PLC

      820         7,723  

National Grid PLC

      8,331         83,925  

Next PLC

      291         13,869  

Old Mutual PLC

      8,187         20,746  

Pearson PLC

      1,338         24,905  

Pennon Group PLC

      424         4,820  

Premier Farnell PLC

      1,917         6,573  

Provident Financial PLC

      932         17,065  

Prudential PLC

      3,925         46,877  

Reckitt Benckiser Group PLC

      1,352         76,318  

Reed Elsevier PLC

      2,960         26,248  

Rexam PLC

      1,634         11,176  

Rio Tinto PLC

      1,254         69,043  

Royal Dutch Shell PLC Class A

      7,619         265,803  

Royal Dutch Shell PLC Class B

      6,590         231,589  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      117   

Table of Contents

Schedule of Investments (concluded)

WisdomTree International Hedged Equity Fund (HEDJ)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

RSA Insurance Group PLC(a)

      14,620       $ 24,434  

SABMiller PLC

      1,635         65,556  

Sage Group PLC (The)

      1,401         6,697  

Segro PLC

      1,990         7,466  

Severn Trent PLC

      431         10,632  

Smiths Group PLC

      699         11,749  

SSE PLC

      2,288         48,584  

Standard Chartered PLC

      3,368         83,947  

Standard Life PLC

      8,751         32,116  

Tate & Lyle PLC

      1,234         13,900  

TESCO PLC

      14,101         74,349  

TUI Travel PLC

      3,355         10,523  

Unilever PLC

      2,414         79,608  

United Utilities Group PLC

      1,426         13,705  

Vedanta Resources PLC

      274         5,376  

Vodafone Group PLC

      141,535         389,409  

Weir Group PLC (The)

      206         5,806  

Whitbread PLC

      324         9,546  

William Hill PLC

      2,235         9,335  

WM Morrison Supermarkets PLC

      4,215         20,069  

WS Atkins PLC

      706         8,280  

Xstrata PLC

      1,197         20,426  
     

 

 

  
Total United Kingdom         4,305,595  
TOTAL COMMON STOCKS
(Cost: $21,086,267)		               21,822,416  
EXCHANGE-TRADED FUND – 0.2%      
United States – 0.2%      
WisdomTree DEFA Fund(c)
(Cost: $34,544)		      773         34,707  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(d)
(Cost: $2,077)		      2,077         2,077  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.9%      
MONEY MARKET FUND – 2.9%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(d)

      
(Cost: $629,327)(e)      629,327         629,327  
TOTAL INVESTMENTS IN SECURITIES – 102.4%
(Cost: $21,752,215)		          22,488,527  

Liabilities in Excess of Foreign Currency and Other
Assets – (2.4)%

   

      (525,378 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 21,963,149  
* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Affiliated company (See Note 7).

 

(d) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(e) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $589,006 and the total market value of the collateral held by the Fund was $629,327.

 

See Notes to Financial Statements.

 

118   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.3%      
Australia – 12.4%      

Amcor Ltd.

      7,545       $ 58,153  

AMP Ltd.

      16,902         75,642  

Australia & New Zealand Banking Group Ltd.

      19,559         471,297  

BHP Billiton Ltd.

      8,875         318,206  

Coca-Cola Amatil Ltd.

      4,582         59,192  

Commonwealth Bank of Australia

      11,048         573,403  

CSL Ltd.

      1,593         59,228  

Leighton Holdings Ltd.

      2,582         57,027  

Macquarie Group Ltd.

      2,364         71,216  

National Australia Bank Ltd.

      16,195         412,719  

Origin Energy Ltd.

      2,967         41,033  

QBE Insurance Group Ltd.

      9,572         140,511  

Rio Tinto Ltd.

      809         54,811  

Suncorp Group Ltd.

      5,539         48,200  

Telstra Corp., Ltd.

      136,318         464,609  

Wesfarmers Ltd.

      5,808         180,624  

Westpac Banking Corp.

      24,820         562,842  

Woodside Petroleum Ltd.

      2,325         83,843  

Woolworths Ltd.

      6,631         178,467  
     

 

 

  
Total Australia         3,911,023  
Brazil – 12.5%      

AES Tiete S.A.

      3,800         51,783  

Banco Bradesco S.A.

      10,599         157,739  

Banco do Brasil S.A.

      27,400         389,455  

Banco Santander Brasil S.A.

      35,400         325,999  

BM&F Bovespa S.A.

      15,800         96,915  

CCR S.A.

      14,100         114,157  

Cia de Bebidas das Americas

      11,900         410,952  

Cia de Saneamento Basico do Estado de Sao Paulo*

      1,500         57,153  

Cia Energetica de Minas Gerais

      4,300         88,060  

Cia Siderurgica Nacional S.A.

      15,800         148,620  

Cielo S.A.

      7,300         246,535  

CPFL Energia S.A.

      10,600         159,323  

Itau Unibanco Holding S.A.

      12,135         206,208  

Light S.A.

      4,800         67,489  

Natura Cosmeticos S.A.

      3,300         71,362  

Petroleo Brasileiro S.A.

      42,300         560,893  

Redecard S.A.

      10,000         194,321  

Souza Cruz S.A.

      13,900         211,818  

Tractebel Energia S.A.

      800         14,252  

Vale S.A.

      14,800         345,763  
     

 

 

  
Total Brazil         3,918,797  
Canada – 12.4%      

Bank of Montreal(a)

      4,600         272,930  

Bank of Nova Scotia(a)

      6,400         357,829  

BCE, Inc.

      6,700         267,745  

Canadian Imperial Bank of Commerce

      3,000         228,846  

Canadian Oil Sands Ltd.

      4,165         87,680  

Cenovus Energy, Inc.

      2,832         101,725  

Crescent Point Energy Corp.(a)

      2,700         116,002  
     

Enbridge, Inc.

      3,900       $ 151,169  

Encana Corp.(a)

      3,000         58,802  

Great-West Lifeco, Inc.(a)

      8,300         203,794  

Husky Energy, Inc.(a)

      6,500         165,061  

Manulife Financial Corp.

      9,100         123,009  

Power Financial Corp.

      6,000         176,137  

Rogers Communications, Inc. Class B

      3,600         142,638  

Royal Bank of Canada(a)

      9,000         520,576  

Sun Life Financial, Inc.

      4,800         113,679  

Suncor Energy, Inc.

      2,499         81,487  

Thomson Reuters Corp.

      4,800         138,508  

Toronto-Dominion Bank (The)(a)

      4,600         389,650  

TransCanada Corp.(a)

      4,700         201,412  
     

 

 

  
Total Canada         3,898,679  
Chile – 12.5%      

AES Gener S.A.

      301,558         185,062  

Aguas Andinas S.A. Class A

      319,996         191,414  

Antarchile S.A.

      4,081         72,900  

Banco de Chile

      2,752,833         435,017  

Banco de Credito e Inversiones

      902         63,002  

Banco Santander Chile

      5,307,576         440,785  

CAP S.A.

      1,829         77,840  

Cencosud S.A.

      16,686         110,548  

Cia Cervecerias Unidas S.A.

      7,717         121,468  

Cia General de Electricidad S.A.

      16,632         87,158  

Corpbanca

      12,178,337         164,257  

Empresa Nacional de Electricidad S.A.

      220,815         397,847  

Empresas CMPC S.A.

      38,997         167,164  

Empresas COPEC S.A.

      16,442         274,541  

Enersis S.A.

      864,709         350,932  

ENTEL Chile S.A.

      10,716         216,761  

Lan Airlines S.A.

      5,340         157,121  

Quinenco S.A.

      68,656         216,299  

SACI Falabella

      21,356         206,324  
     

 

 

  
Total Chile         3,936,440  
New Zealand – 12.7%      

Air New Zealand Ltd.

      252,384         175,794  

Auckland International Airport Ltd.

      176,090         354,970  

Contact Energy Ltd.*

      63,368         245,614  

Fisher & Paykel Healthcare Corp., Ltd.

      76,983         141,307  

Fletcher Building Ltd.

      59,542         328,856  

Freightways Ltd.

      24,012         77,723  

Infratil Ltd.

      74,255         115,003  

Kathmandu Holdings Ltd.(a)

      34,588         46,222  

Mainfreight Ltd.

      7,169         56,396  

Nuplex Industries Ltd.

      34,974         73,655  

NZX Ltd.

      25,381         58,444  

Port of Tauranga Ltd.

      17,237         153,255  

Restaurant Brands New Zealand Ltd.

      27,117         40,887  

Ryman Healthcare Ltd.

      34,841         88,221  

Sky Network Television Ltd.

      38,491         163,385  

SKYCITY Entertainment Group Ltd.

      99,302         320,610  

Telecom Corp. of New Zealand Ltd.

      437,299         868,985  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      119   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Commodity Country Equity Fund (CCXE)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Tower Ltd.

      57,876       $ 79,202  

Vector Ltd.

      204,410         433,835  

Warehouse Group Ltd. (The)

      73,115         167,160  
     

 

 

  
Total New Zealand         3,989,524  
Norway – 12.3%      

Aker ASA Class A

      2,381         77,849  

Aker Solutions ASA

      3,183         53,766  

DNB ASA

      34,988         449,001  

Fred Olsen Energy ASA

      3,070         120,183  

Gjensidige Forsikring ASA

      15,313         180,538  

Kongsberg Gruppen ASA

      1,673         31,383  

Leroey Seafood Group ASA

      1,602         26,400  

Marine Harvest ASA

      314,601         162,153  

Norsk Hydro ASA

      17,797         96,753  

Orkla ASA

      22,966         181,423  

Schibsted ASA

      699         25,857  

SpareBank 1 SR Bank ASA(a)

      1,458         10,480  

Statoil ASA

      63,672         1,725,737  

Telenor ASA

      30,771         569,669  

TGS Nopec Geophysical Co. ASA

      1,391         38,067  

Yara International ASA

      2,217         105,563  
     

 

 

  
Total Norway         3,854,822  
Russia – 11.5%      

Gazprom Neft JSC ADR(a)

      11,917         318,065  

Gazprom OAO ADR

      79,589         970,986  

LSR Group Reg S GDR

      1,001         5,906  

Lukoil OAO ADR

      9,878         594,656  

Magnitogorsk Iron & Steel Works Reg S GDR*

      4,333         25,586  

MMC Norilsk Nickel OJSC ADR

      19,797         362,285  

Mobile Telesystems OJSC ADR

      18,800         344,792  

NovaTek OAO Reg S GDR

      332         44,986  

Novolipetsk Steel OJSC Reg S GDR

      3,333         69,260  

Rosneft Oil Co. Reg S GDR

      41,423         293,275  

Severstal OAO Reg S GDR(a)

      4,333         57,715  

Sistema JSFC Reg S GDR(a)

      1,454         28,629  

Surgutneftegas OJSC ADR

      22,586         220,891  

Tatneft ADR

      3,499         142,759  

Uralkali OJSC Reg S GDR(a)

      2,749         103,665  

VTB Bank OJSC Reg S GDR

      11,335         51,121  
     

 

 

  
Total Russia         3,634,577  
South Africa – 13.0%      

ABSA Group Ltd.

      10,656         216,604  

African Bank Investments Ltd.

      20,069         104,234  

Anglo American Platinum Ltd.

      1,134         78,904  

Bidvest Group Ltd.

      4,280         100,244  

Exxaro Resources Ltd.(a)

      4,337         111,966  

FirstRand Ltd.

      95,813         295,883  

Impala Platinum Holdings Ltd.

      6,000         118,131  

Kumba Iron Ore Ltd.(a)

      9,993         684,968  

MMI Holdings Ltd.

      33,189         76,588  

MTN Group Ltd.

      27,206         478,641  

Nedbank Group Ltd.

      7,201         153,881  
     

RMB Holdings Ltd.

      25,251       $ 102,885  

Sanlam Ltd.

      37,567         162,416  

Sasol Ltd.

      8,063         389,253  

Shoprite Holdings Ltd.

      5,425         97,055  

Standard Bank Group Ltd.

      26,111         378,878  

Truworths International Ltd.

      6,909         72,704  

Vodacom Group Ltd.

      25,537         359,868  

Woolworths Holdings Ltd.

      16,522         103,659  
     

 

 

  
Total South Africa         4,086,762  
TOTAL COMMON STOCKS
(Cost: $31,629,379)		               31,230,624  
EXCHANGE-TRADED FUND – 0.0%      
United States – 0.0%      
WisdomTree Global Natural Resources Fund(a)(b)
(Cost: $10,676)		      514         12,952  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.4%      
MONEY MARKET FUND – 9.4%      

Dreyfus Institutional Preferred Money Market
Fund, 0.18%(c)

(Cost: $2,944,521)(d)

      2,944,521         2,944,521  
TOTAL INVESTMENTS IN SECURITIES – 108.7%
(Cost: $34,584,576)		         34,188,097  

Liabilities in Excess of Cash, Foreign Currency and
Other Assets – (8.7)%

   

      (2,749,147 ) 
     

 

 

  
NET ASSETS – 100.0%       $ 31,438,950  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $2,803,196 and the total market value of the collateral held by the Fund was $2,944,521.

 

See Notes to Financial Statements.

 

120   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.2%      
Australia – 6.1%      

BHP Billiton Ltd.

      12,375       $ 443,696  

Fortescue Metals Group Ltd.

      15,129         91,059  

Rio Tinto Ltd.

      4,842         328,051  

Santos Ltd.

      39,474         582,317  

Woodside Petroleum Ltd.

      12,794         461,370  
     

 

 

  
Total Australia               1,906,493  
Brazil – 2.4%      

Petroleo Brasileiro S.A.

      32,000         424,316  

Vale S.A.

      13,700         320,065  
     

 

 

  
Total Brazil               744,381  
Canada – 8.7%      

Agrium, Inc.

      400         34,455  

Cameco Corp.

      7,429         159,142  

Canadian Natural Resources Ltd.

      3,200         105,850  

Canadian Oil Sands Ltd.

      28,602         602,117  

Crescent Point Energy Corp.(a)

      21,900         940,904  

Encana Corp.(a)

      11,800         231,289  

First Quantum Minerals Ltd.

      4,596         87,464  

Imperial Oil Ltd.

      3,485         158,027  

Potash Corp. of Saskatchewan, Inc.

      780         35,541  

Silver Wheaton Corp.

      1,013         33,529  

Suncor Energy, Inc.

      3,833         124,986  

Talisman Energy, Inc.

      11,600         145,544  

Teck Resources Ltd. Class B

      2,502         89,145  
     

 

 

  
Total Canada               2,747,993  
China – 1.6%      

China Shenhua Energy Co., Ltd. Class H

      79,000         333,237  

Yanzhou Coal Mining Co., Ltd. Class H

      86,000         186,532  
     

 

 

  
Total China               519,769  
France – 4.1%      

Technip S.A.

      3,385         398,175  

Total S.A.

      17,359         883,993  
     

 

 

  
Total France               1,282,168  
Germany – 0.7%      

K+S AG

      4,268         222,943  
Hong Kong – 1.2%      

CNOOC Ltd.

      179,618         369,230  
Indonesia – 0.8%      

Adaro Energy Tbk PT

      704,500         148,697  

Bumi Resources Tbk PT

      372,000         95,604  
     

 

 

  
Total Indonesia               244,301  
Israel – 1.4%      

Israel Chemicals Ltd.

      38,126         433,904  
Italy – 4.3%      

ENI SpA

      43,999         1,030,659  

Saipem SpA

      6,157         317,558  
     

 

 

  
Total Italy               1,348,217  
     
Japan – 1.8%      

Inpex Corp.

      27       $ 183,401  

Sumitomo Metal Mining Co., Ltd.

      28,000         395,699  
     

 

 

  
Total Japan               579,100  
Malaysia – 3.3%      

IOI Corp. Bhd

      311,400         542,803  

Kuala Lumpur Kepong Bhd

      60,100         482,605  
     

 

 

  
Total Malaysia               1,025,408  
Mexico – 4.5%      

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

      134,207         423,243  

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

      20,825         1,008,551  
     

 

 

  
Total Mexico               1,431,794  
Norway – 3.2%      

Statoil ASA

      30,136         816,793  

Yara International ASA

      4,372         208,174  
     

 

 

  
Total Norway               1,024,967  
Poland – 0.5%      

KGHM Polska Miedz S.A.

      3,471         159,260  
Russia – 9.1%      

Gazprom OAO ADR

      22,688         276,793  

Lukoil OAO ADR

      8,965         539,693  

Magnitogorsk Iron & Steel Works Reg S GDR*(a)

      21,667         127,944  

MMC Norilsk Nickel OJSC ADR

      19,786         362,084  

NovaTek OAO Reg S GDR

      546         73,983  

Novolipetsk Steel OJSC Reg S GDR

      7,896         164,079  

Rosneft Oil Co. Reg S GDR

      24,252         171,704  

Surgutneftegas OJSC ADR

      34,267         335,131  

Tatneft ADR(a)

      12,671         516,977  

Uralkali OJSC Reg S GDR

      7,575         285,653  
     

 

 

  
Total Russia               2,854,041  
Singapore – 0.6%      

Wilmar International Ltd.

      49,000         190,957  
South Africa – 5.5%      

Anglo American Platinum Ltd.

      2,002         139,300  

Impala Platinum Holdings Ltd.

      14,427         284,045  

Kumba Iron Ore Ltd.

      19,073         1,307,354  
     

 

 

  
Total South Africa               1,730,699  
Spain – 1.7%      

Repsol YPF S.A.

      21,734         544,421  
Switzerland – 1.5%      

Syngenta AG

      1,353         467,192  
Thailand – 1.5%      

PTT Exploration & Production PCL

      82,600         467,219  
United Kingdom – 16.4%      

Anglo American PLC

      5,450         203,500  

Antofagasta PLC

      48,526         893,174  

BG Group PLC

      9,437         218,329  

BHP Billiton PLC

      13,202         402,359  

BP PLC

      43,149         318,888  

Eurasian Natural Resources Corp. PLC

      33,783         319,813  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      121   

Table of Contents

Schedule of Investments (concluded)

WisdomTree Global Natural Resources Fund (GNAT)

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     

Fresnillo PLC

      15,756       $ 402,283  

Kazakhmys PLC

      8,125         117,874  

Rio Tinto PLC

      3,753         206,634  

Royal Dutch Shell PLC Class A

      20,005         697,912  

Royal Dutch Shell PLC Class B

      28,585         1,004,549  

Tullow Oil PLC

      5,379         131,235  

Vedanta Resources PLC

      9,034         177,250  

Xstrata PLC

      4,271         72,880  
     

 

 

  
Total United Kingdom               5,166,680  
United States – 18.3%      

Anadarko Petroleum Corp.

      1,188         93,068  

Apache Corp.

      409         41,080  

Archer-Daniels-Midland Co.

      11,558         365,926  

Baker Hughes, Inc.

      1,801         75,534  

CF Industries Holdings, Inc.

      198         36,165  

Chesapeake Energy Corp.

      4,836         112,050  

Chevron Corp.

      4,905         526,012  

Cliffs Natural Resources, Inc.

      1,532         106,106  

ConocoPhillips

      7,717         586,569  

Consol Energy, Inc.

      2,965         101,107  

Devon Energy Corp.

      1,638         116,495  

Diamond Offshore Drilling, Inc.(a)

      12,176         812,748  

EOG Resources, Inc.

      1,015         112,766  

Exxon Mobil Corp.

      4,669         404,942  

Freeport-McMoRan Copper & Gold, Inc.

      4,946         188,146  

Halliburton Co.

      2,309         76,636  

Marathon Oil Corp.

      6,291         199,425  

Monsanto Co.

      3,824         305,002  

Mosaic Co. (The)

      659         36,436  

National Oilwell Varco, Inc.

      1,279         101,642  

Noble Energy, Inc.

      1,680         164,270  

Occidental Petroleum Corp.

      2,351         223,886  

Peabody Energy Corp.

      2,043         59,165  

Southern Copper Corp.

      28,412         900,945  
     

 

 

  
Total United States               5,746,121  
TOTAL COMMON STOCKS
(Cost: $33,489,886)		               31,207,258  
EXCHANGE-TRADED FUNDS – 0.6%      
United States – 0.6%      
WisdomTree India Earnings Fund(a)(b)
(Cost: $206,525)		      9,099         175,429  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $7,291)		      7,291         7,291  
     
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.9%      
MONEY MARKET FUND – 3.9%      

Dreyfus Institutional Preferred Money Market
Fund, 0.18%(c)

(Cost: $1,234,839)(d)

      1,234,839       $ 1,234,839  
TOTAL INVESTMENTS IN SECURITIES – 103.7%
(Cost: $34,938,541)		         32,624,817  

Liabilities in Excess of Foreign Currency and
Other Assets – (3.7)%

         (1,172,821 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 31,451,996  

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

 

* 

Non-income producing security.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $1,179,196 and the total market value of the collateral held by the Fund was $1,234,839.

 

See Notes to Financial Statements.

 

122   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 98.9%      
Australia – 1.7%      

AGL Energy Ltd.

      33,118       $ 506,051  

Prime AET&D Holdings*†

      7,592         —   
     

 

 

  
Total Australia               506,051  
Austria – 1.1%      

EVN AG(a)

      15,774         211,953  

Verbund AG(a)

      3,912         118,831  
     

 

 

  
Total Austria               330,784  
Belgium – 1.2%      

Elia System Operator S.A./N.V.

      8,811         372,542  
Brazil – 14.5%      

AES Tiete S.A.

      52,800         719,513  

Centrais Eletricas Brasileiras S.A.*

      9,000         83,671  

Cia de Saneamento Basico do Estado de Sao Paulo*

      9,600         365,782  

Cia de Saneamento de Minas Gerais-COPASA*

      21,500         506,534  

Cia Energetica de Minas Gerais

      38,600         790,493  

CPFL Energia S.A.

      31,400         471,955  

EDP – Energias do Brasil S.A.

      19,300         437,564  

Light S.A.

      60,600         852,047  

Tractebel Energia S.A.

      9,300         165,680  
     

 

 

  
Total Brazil               4,393,239  
Canada – 6.6%      

Atco Ltd. Class I

      2,230         156,052  

Canadian Utilities Ltd. Class A

      3,500         227,835  

Emera, Inc.

      9,100         308,751  

Fortis, Inc.(a)

      8,800         284,132  

Just Energy Group, Inc.(a)

      45,002         621,370  

TransAlta Corp.(a)

      20,900         391,045  
     

 

 

  
Total Canada               1,989,185  
Chile – 7.6%      

AES Gener S.A.

      659,742         404,873  

Aguas Andinas S.A. Class A

      992,549         593,720  

Cia General de Electricidad S.A.

      62,831         329,259  

Colbun S.A.

      206,440         58,991  

E.CL S.A.

      106,083         293,312  

Empresa Nacional de Electricidad S.A.

      175,113         315,505  

Enersis S.A.

      740,012         300,325  
     

 

 

  
Total Chile               2,295,985  
China – 0.2%      

China Longyuan Power Group Corp. Class H

      68,000         56,842  
Czech Republic – 1.3%      

CEZ AS

      8,804         376,658  
Finland – 0.8%      

Fortum Oyj

      9,913         240,261  
France – 3.9%      

EDF S.A.

      11,370         259,070  

GDF Suez

      14,399         371,423  

Suez Environnement Co.

      17,162         262,828  
     

Veolia Environnement S.A.

      17,991       $ 297,925  
     

 

 

  
Total France               1,191,246  
Germany – 4.0%      

E.ON AG

      23,528         562,727  

RWE AG

      13,772         656,670  
     

 

 

  
Total Germany               1,219,397  
Hong Kong – 4.7%      

China Resources Power Holdings Co., Ltd.

      93,700         173,545  

CLP Holdings Ltd.

      37,322         322,073  

Guangdong Investment Ltd.

      614,000         427,839  

Hong Kong & China Gas Co., Ltd.

      64,695         165,821  

Power Assets Holdings Ltd.

      44,386         325,863  
     

 

 

  
Total Hong Kong               1,415,141  
Indonesia – 1.0%      

Perusahaan Gas Negara Persero Tbk PT

      687,000         285,499  
Italy – 6.8%      

A2A SpA(a)

      310,498         248,714  

ACEA SpA

      46,219         293,470  

Enel Green Power SpA

      35,423         67,221  

Enel SpA

      66,276         239,361  

Hera SpA

      159,587         227,398  

Iren SpA

      286,930         245,502  

Snam SpA

      73,429         352,614  

Terna Rete Elettrica Nazionale SpA

      95,562         383,561  
     

 

 

  
Total Italy               2,057,841  
Japan – 12.7%      

Chubu Electric Power Co., Inc.(a)

      24,800         450,224  

Chugoku Electric Power Co., Inc. (The)(a)

      26,400         493,065  

Electric Power Development Co., Ltd.(a)

      12,842         350,173  

Hokkaido Electric Power Co., Inc.

      25,200         372,052  

Hokuriku Electric Power Co.

      18,400         334,484  

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

      22,900         356,739  

Kyushu Electric Power Co., Inc.

      27,900         399,710  

Osaka Gas Co., Ltd.

      62,000         250,125  

Shikoku Electric Power Co., Inc.(a)

      14,261         404,288  

Toho Gas Co., Ltd.(a)

      34,000         201,616  

Tokyo Gas Co., Ltd.

      48,000         227,474  
     

 

 

  
Total Japan               3,839,950  
Malaysia – 4.1%      

Petronas Gas Bhd

      89,600         492,530  

Tenaga Nasional Bhd

      114,200         239,695  

YTL Corp. Bhd

      212,400         124,105  

YTL Power International Bhd

      629,700         380,266  
     

 

 

  
Total Malaysia               1,236,596  
New Zealand – 0.8%      

Contact Energy Ltd.*

      60,580         234,808  
Philippines – 2.6%      

Aboitiz Power Corp.

      518,000         408,995  

Energy Development Corp.

      1,220,400         170,546  

Manila Electric Co.

      35,420         216,142  
     

 

 

  
Total Philippines               795,683  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      123   

Table of Contents

Schedule of Investments (concluded)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Poland – 0.6%      

PGE S.A.

      27,666       $ 171,116  
Portugal – 1.5%      

EDP-Energias de Portugal S.A.

      160,226         465,366  
South Korea – 0.5%      

Korea Gas Corp.

      4,250         161,853  
Spain – 5.8%      

Acciona S.A.

      3,104         216,435  

Enagas S.A.

      17,627         338,728  

Endesa S.A.

      11,919         237,136  

Gas Natural SDG S.A.

      24,866         396,706  

Iberdrola S.A.

      52,548         297,897  

Red Electrica Corp. S.A.

      5,559         271,613  
     

 

 

  
Total Spain               1,758,515  
Switzerland – 0.6%      

BKW S.A.*

      5,400         193,572  
Thailand – 2.6%      

Glow Energy PCL

      193,700         386,144  

Ratchaburi Electricity Generating Holding PCL

      296,300         396,187  
     

 

 

  
Total Thailand               782,331  
United Kingdom – 11.7%      

Centrica PLC

      79,504         401,915  

Drax Group PLC

      80,554         700,800  

International Power PLC

      44,166         285,793  

National Grid PLC

      45,613         459,497  

Pennon Group PLC

      28,260         321,259  

Severn Trent PLC

      17,984         443,652  

SSE PLC

      20,874         443,241  

United Utilities Group PLC

      48,526         466,358  
     

 

 

  
Total United Kingdom               3,522,515  
TOTAL COMMON STOCKS
(Cost: $34,174,048)		               29,892,976  
EXCHANGE-TRADED FUND – 0.5%      
United States – 0.5%      
WisdomTree India Earnings Fund(a)(b)
(Cost: $183,378)		      8,221         158,501  
SHORT-TERM INVESTMENT – 0.0%      
MONEY MARKET FUND – 0.0%      
Invesco Treasury Fund Private Class, 0.02%(c) (Cost: $14,947)      14,947         14,947  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 13.9%      
MONEY MARKET FUND – 13.9%      

Dreyfus Institutional Preferred Money Market
Fund, 0.18%(c)

(Cost: $4,207,707)(d)

      4,207,707         4,207,707  
TOTAL INVESTMENTS IN SECURITIES – 113.3%
(Cost: $38,580,080)		         34,274,131  

Liabilities in Excess of Cash, Foreign Currency and Other Assets – (13.3)%

         (4,033,183 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 30,240,948  

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Affiliated company (See Note 7).

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $4,002,917 and the total market value of the collateral held by the Fund was $4,207,707.

 

See Notes to Financial Statements.

 

124   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
COMMON STOCKS – 99.6%      
Australia – 25.2%      

Australand Property Group

      270,274       $ 716,775  

CFS Retail Property Trust

      1,210,094         2,243,937  

Charter Hall Office REIT(a)

      153,003         488,190  

Charter Hall Retail REIT

      136,466         446,735  

Commonwealth Property Office Fund

      872,074         889,873  

Dexus Property Group

      1,824,537         1,644,412  

Goodman Group

      2,037,975         1,456,755  

GPT Group

      690,200         2,230,839  

GPT Group In Specie†*‡

      2,305,813         —  

Investa Office Fund(b)

      1,126,268         740,891  

Lend Lease Group(b)

      139,319         1,078,126  

Mirvac Group

      1,455,738         1,764,443  

Stockland

      1,061,220         3,232,149  

Westfield Group

      1,115,484         10,203,817  

Westfield Retail Trust

      42,188         112,758  
     

 

 

  
Total Australia               27,249,700  
Austria – 0.1%      

Conwert Immobilien Invest SE

      11,103         133,590  
Belgium – 0.8%      

Befimmo SCA Sicafi

      4,749         315,137  

Cofinimmo

      4,172         512,250  
     

 

 

  
Total Belgium               827,387  
Brazil – 1.3%      

Aliansce Shopping Centers S.A.

      4,984         47,318  

BR Malls Participacoes S.A.

      17,800         230,269  

BR Properties S.A.

      3,874         49,521  

Brasil Brokers Participacoes S.A.

      22,400         96,879  

Iguatemi Empresa de Shopping Centers S.A.

      7,100         163,071  

JHSF Participacoes S.A.

      140,700         461,210  

LPS Brasil Consultoria de Imoveis S.A.

      3,600         73,962  

Multiplan Empreendimentos Imobiliarios S.A.

      13,500         310,138  
     

 

 

  
Total Brazil               1,432,368  
Canada – 9.9%      

Allied Properties Real Estate Investment Trust

      11,249         291,622  

Artis Real Estate Investment Trust(a)

      23,718         383,731  

Boardwalk Real Estate Investment Trust

      12,419         709,515  

Brookfield Asset Management, Inc. Class A(a)

      44,315         1,395,360  

Brookfield Office Properties, Inc.

      69,908         1,213,571  

Calloway Real Estate Investment Trust(a)

      26,896         729,552  

Canadian Apartment Properties REIT(a)

      19,157         431,461  

Canadian Real Estate Investment Trust(a)

      12,687         468,535  

Chartwell Seniors Housing Real Estate Investment Trust(a)

      40,695         371,750  

Cominar Real Estate Investment Trust

      19,309         452,079  

Dundee Real Estate Investment Trust(a)

      13,678         481,731  

Extendicare Real Estate Investment Trust(a)

      26,830         212,074  

First Capital Realty, Inc.(a)

      36,938         659,706  

H&R Real Estate Investment Trust(a)

      29,700         703,089  

Primaris Retail Real Estate Investment Trust(a)

      19,761         427,863  

RioCan Real Estate Investment Trust(a)

      65,600         1,774,144  
     

 

 

  
Total Canada               10,705,783  
     
Chile – 0.1%      

Parque Arauco S.A.

      53,854       $ 109,220  
China – 0.9%      

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

      831,200         990,289  
Finland – 0.2%      

Citycon Oyj

      12,521         41,852  

Sponda Oyj

      46,828         192,695  
     

 

 

  
Total Finland               234,547  
France – 8.1%      

Fonciere des Regions

      14,635         1,173,848  

Gecina S.A.

      12,835         1,339,016  

ICADE

      9,233         822,452  

Klepierre

      40,508         1,402,557  

Mercialys S.A.

      18,689         660,282  

Societe Immobiliere de Location pour l’Industrie et le Commerce

      3,573         393,595  

Unibail-Rodamco SE

      14,824         2,960,181  
     

 

 

  
Total France               8,751,931  
Germany – 0.5%      

Alstria Office REIT AG

      12,663         142,141  

Deutsche Euroshop AG

      6,852         241,351  

Deutsche Wohnen AG

      7,694         113,527  
     

 

 

  
Total Germany               497,019  
Hong Kong – 20.3%      

Champion Real Estate Investment Trust

      1,193,000         505,534  

Cheung Kong Holdings Ltd.

      276,238         3,568,608  

China Overseas Land & Investment Ltd.

      667,800         1,269,543  

Franshion Properties China Ltd.

      496,000         127,769  

Hang Lung Group Ltd.

      97,649         632,002  

Hang Lung Properties Ltd.

      450,283         1,649,994  

Henderson Land Development Co., Ltd.

      202,320         1,116,617  

Hopewell Holdings Ltd.

      176,000         482,844  

Hysan Development Co., Ltd.

      96,115         385,005  

Kowloon Development Co., Ltd.

      250,398         251,559  

Link REIT (The)

      397,946         1,481,278  

New World Development Co., Ltd.

      618,682         743,470  

Regal Real Estate Investment Trust

      1,254,000         316,569  

Shenzhen Investment Ltd.

      977,900         212,861  

Sino Land Co., Ltd.

      787,735         1,258,103  

Sino-Ocean Land Holdings Ltd.(a)

      824,600         391,908  

Sun Hung Kai Properties Ltd.

      293,871         3,652,570  

Swire Pacific Ltd. Class A

      129,959         1,457,101  

Swire Pacific Ltd. Class B

      445,798         981,858  

Wharf Holdings Ltd.

      248,872         1,352,704  

Wheelock & Co., Ltd.

      39,231         118,239  
     

 

 

  
Total Hong Kong               21,956,136  
Indonesia – 0.1%      

Bumi Serpong Damai PT

      388,574         54,819  

Lippo Karawaci Tbk PT

      559,000         48,906  
     

 

 

  
Total Indonesia               103,725  

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      125   

Table of Contents

Schedule of Investments (continued)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
Israel – 0.5%      

Azrieli Group

      12,860       $ 311,096  

Gazit-Globe Ltd.

      23,987         245,886  
     

 

 

  
Total Israel               556,982  
Italy - 0.1%      

Beni Stabili SpA

      258,869         158,649  
Japan – 6.0%      

Aeon Mall Co., Ltd.

      9,196         214,884  

Daito Trust Construction Co., Ltd.

      19,100         1,724,443  

Daiwa House Industry Co., Ltd.

      49,000         651,388  

Hulic Co., Ltd.

      11,100         134,611  

Mitsubishi Estate Co., Ltd.

      56,589         1,014,951  

Mitsui Fudosan Co., Ltd.

      69,308         1,333,186  

Nomura Real Estate Holdings, Inc.

      17,965         318,500  

Sumitomo Real Estate Sales Co., Ltd.

      3,666         172,397  

Sumitomo Realty & Development Co., Ltd.

      29,279         709,783  

Tokyu Land Corp.

      48,168         237,050  
     

 

 

  
Total Japan               6,511,193  
Malaysia – 0.2%      

IGB Corp. Bhd

      129,200         116,822  

IJM Land Bhd

      113,800         80,981  
     

 

 

  
Total Malaysia               197,803  
Netherlands – 2.4%      

Corio N.V.

      24,694         1,300,602  

Eurocommercial Properties N.V.

      9,197         347,956  

Vastned Retail N.V.

      6,379         334,487  

Wereldhave N.V.

      7,285         577,332  
     

 

 

  
Total Netherlands               2,560,377  
Norway – 0.0%      

Norwegian Property ASA

      27,810         43,294  
Philippines – 1.0%      

Ayala Land, Inc.

      496,300         239,856  

Megaworld Corp.

      967,740         44,178  

Robinsons Land Corp.

      574,300         220,704  

SM Prime Holdings, Inc.

      1,501,500         591,018  
     

 

 

  
Total Philippines               1,095,756  
Singapore – 8.1%      

Ascendas Real Estate Investment Trust

      590,901         949,314  

Ascott Residence Trust

      185,118         156,799  

CapitaCommercial Trust

      689,635         669,149  

CapitaLand Ltd.

      400,589         994,025  

CapitaMall Trust

      691,786         993,100  

CapitaMalls Asia Ltd.

      256,000         332,891  

CDL Hospitality Trusts

      202,432         279,333  

City Developments Ltd.

      68,103         614,760  

GuocoLand Ltd.

      144,000         222,182  

Keppel Land Ltd.

      304,168         839,434  

K-REIT Asia(a)

      363,000         278,598  

Mapletree Industrial Trust

      242,173         211,866  

Mapletree Logistics Trust

      500,187         375,931  

Singapore Land Ltd.

      60,544         288,912  

Suntec Real Estate Investment Trust

      599,828         596,322  
     

United Industrial Corp., Ltd.

      74,000       $ 164,202  

UOL Group Ltd.

      105,000         395,832  

Wheelock Properties Singapore Ltd.

      198,000         296,839  

Wing Tai Holdings Ltd.

      123,000         125,216  
     

 

 

  
Total Singapore               8,784,705  
South Africa – 3.9%      

Capital Property Fund

      227,206         270,887  

Emira Property Fund

      180,755         292,051  

Fountainhead Property Trust

      456,692         434,404  

Growthpoint Properties Ltd.

      512,549         1,335,711  

Hyprop Investments Ltd.

      49,869         373,633  

Redefine Properties Ltd.*

      1,047,741         1,089,440  

Resilient Property Income Fund Ltd.

      86,766         435,834  
     

 

 

  
Total South Africa               4,231,960  
Sweden – 1.5%      

Atrium Ljungberg AB Class B

      17,501         207,574  

Castellum AB

      29,228         367,148  

Fabege AB

      34,822         299,396  

Hufvudstaden AB Class A

      28,290         298,234  

Kungsleden AB

      21,481         148,918  

Wallenstam AB Class B

      15,588         150,938  

Wihlborgs Fastigheter AB

      13,367         188,357  
     

 

 

  
Total Sweden               1,660,565  
Switzerland – 1.0%      

Swiss Prime Site AG*

      12,798         1,061,957  
Taiwan – 1.1%      

Farglory Land Development Co., Ltd.

      285,000         573,582  

Highwealth Construction Corp.

      258,000         447,563  

Ruentex Development Co., Ltd.

      89,105         131,328  
     

 

 

  
Total Taiwan               1,152,473  
Thailand – 0.8%      

Central Pattana PCL

      98,000         146,126  

Land and Houses PCL NVDR

      2,607,786         583,265  

Pruksa Real Estate PCL

      303,300         148,455  
     

 

 

  
Total Thailand               877,846  
Turkey – 0.3%      

Emlak Konut Gayrimenkul Yatirim Ortakligi AS*

      278,415         362,288  
United Kingdom – 5.2%      

British Land Co. PLC

      182,039         1,395,803  

Capital & Counties Properties PLC

      28,862         88,447  

Capital Shopping Centres Group PLC

      134,951         714,558  

Derwent London PLC

      6,934         193,325  

Great Portland Estates PLC

      29,807         171,399  

Hammerson PLC

      113,403         753,024  

Land Securities Group PLC

      110,056         1,270,459  

London & Stamford Property PLC

      131,407         231,791  

Segro PLC

      166,650         625,191  

Shaftesbury PLC

      19,260         151,555  
     

 

 

  
Total United Kingdom               5,595,552  
TOTAL COMMON STOCKS
(Cost: $108,419,114)		               107,843,095  

 

See Notes to Financial Statements.

 

126   WisdomTree International Dividend and Sector Funds

Table of Contents

Schedule of Investments (concluded)

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

March 31, 2012

 

  

 

 

Investments    Shares      Value  
     
SHORT-TERM INVESTMENT – 0.2%      
MONEY MARKET FUND – 0.2%      
Invesco Treasury Fund Private Class, 0.02%(c)
(Cost: $190,104)		      190,104       $ 190,104  
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 8.4%      
MONEY MARKET FUND – 8.4%      

Dreyfus Institutional Preferred Money Market Fund, 0.18%(c)

      
(Cost: $9,057,136)(d)      9,057,136         9,057,136  
TOTAL INVESTMENTS IN SECURITIES – 108.2%
(Cost: $117,666,354)		         117,090,335  

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

         (8,869,114 ) 
     

 

 

  
NET ASSETS – 100.0%             $ 108,221,221  

NVDR – Non-Voting Depositary Receipt

 

* 

Non-income producing security.

 

† 

Security is being fair valued by a valuation committee under the direction of the Board of Trustees. The aggregate value of fair valued securities is $0, which represents 0.0% of net assets.

 

‡ 

Restricted security. At March 31, 2012, the value of the security amounted to $0 and 0.0% of net assets.

 

(a) 

Security, or portion thereof, was on loan at March 31, 2012 (See Note 2).

 

(b) 

Stapled Security – A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

 

(c) 

Rate shown represents annualized 7-day yield as of March 31, 2012.

 

(d) 

At March 31, 2012, the total market value of the Fund’s securities on loan was $8,594,405 and the total market value of the collateral held by the Fund was $9,057,136.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      127   

Table of Contents

Statements of Assets and Liabilities

WisdomTree International Dividend and Sector Funds

March 31, 2012

 

  

 

 

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

ASSETS:

               

Investments, at cost

    $ 423,056,299       $ 200,111,278       $ 94,448,857       $ 30,789,909       $ 770,867,353   

Investment in affiliates, at cost (Note 7)

      387,001         813,350         231,536         1,092         —   

Foreign currency, at cost

      338,185         54,603         85,696         —         280,116   

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

      416,309,808         187,621,500         96,146,983         31,212,837         773,327,549   

Investment in affiliates, at value (Note 7)

      388,791         820,710         238,105         1,251         —   

Foreign currency, at value

      338,462         54,716         85,929         —         280,226   

Unrealized appreciation on forward foreign currency contracts

      —         118         57         465         8,806,044   

Receivables:

               

Dividends and interest

      1,749,574         799,784         382,427         125,277         7,063,267   

Foreign tax reclaims

      618,733         176,001         47,379         26,246         —   

Investment securities and forward foreign currency contracts sold

      1,246,077         —         200,787         196,659         —   

Capital shares sold

      —         —         —         —         7,331,802   

Total Assets

      420,651,445         189,472,829         97,101,667         31,562,735         796,808,888   

LIABILITIES:

               

Due to custodian

      1,048,591         —         207,433         30,251         —   

Unrealized depreciation on forward foreign currency contracts

      —         —         —         —         348,516   

Payables:

               

Collateral for securities on loan (Note 2)

      34,221,578         13,561,501         5,541,194         2,686,845         173,505,428   

Investment securities and forward foreign currency contracts purchased

      30,259         16,872         5,998         163,665         16,020,918   

Advisory fees (Note 3)

      147,247         84,332         42,688         13,989         225,200   

Service fees (Note 2)

      1,354         643         325         106         2,064   

Total Liabilities

      35,449,029         13,663,348         5,797,638         2,894,856         190,102,126   

NET ASSETS

    $ 385,202,416       $ 175,809,481       $ 91,304,029       $ 28,667,879       $ 606,706,762   

NET ASSETS:

               

Paid-in capital

    $ 614,628,576       $ 265,673,360       $ 111,464,457       $ 54,050,105       $ 640,245,108   

Undistributed net investment income

      1,022,525         299,938         173,689         83,518         5,575,936   

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

      (223,736,484 )       (77,687,847 )       (22,039,721 )       (25,888,610 )       (50,082,345 ) 

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

      (6,712,201 )       (12,475,970 )       1,705,604         422,866         10,968,063   

NET ASSETS

    $ 385,202,416       $ 175,809,481       $ 91,304,029       $ 28,667,879       $ 606,706,762   

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

      8,650,000         4,550,000         2,200,000         750,000         16,550,000   

Net asset value per share

    $ 44.53       $ 38.64       $ 41.50       $ 38.22       $ 36.66   
1

Market value of securities out on loan were as follows: $32,206,996, $12,812,908, $5,250,315, $2,325,126, and $164,639,402, respectively.

 

See Notes to Financial Statements.

 

128   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

 

  

 

 

      WisdomTree
Global ex-U.S.
Growth Fund		      WisdomTree
Japan SmallCap
Dividend Fund		      WisdomTree
Asia Pacific
ex-Japan Fund		      WisdomTree
Australia
Dividend Fund		      WisdomTree
International
LargeCap
Dividend Fund		  

ASSETS:

               

Investments, at cost

    $ 60,096,109       $ 200,816,749       $ 86,511,755       $ 69,741,486       $ 185,673,698   

Investment in affiliates, at cost (Note 7)

      412,281         —         2,464,182         —         26,065   

Foreign currency, at cost

      30,459         139,109         60,691         34,600         94,030   

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

      58,019,996         213,260,896         89,428,564         69,688,217         179,423,124   

Investment in affiliates, at value (Note 7)

      385,394         —         2,198,209         —         30,021   

Cash

      —         —         9,421         —         —   

Foreign currency, at value

      30,435         139,189         62,279         34,600         94,018   

Unrealized appreciation on forward foreign currency contracts

      —         795         —         —         —   

Receivables:

               

Dividends and interest

      162,798         2,209,781         255,925         507,074         670,824   

Investment securities and forward foreign currency contracts sold

      —         779,924         —         —         —   

Foreign tax reclaims

      11,264         —         1,312         —         242,579   

Total Assets

      58,609,887         216,390,585         91,955,710         70,229,891         180,460,566   

LIABILITIES:

               

Unrealized depreciation on forward foreign currency contracts

      16         —         —         —         —   

Payables:

               

Collateral for securities on loan (Note 2)

      2,801,979         22,221,471         2,242,390         8,661,931         13,139,642   

Investment securities and forward foreign currency contracts purchased

      4,733         904,256         4,839         82,654         —   

Advisory fees (Note 3)

      28,805         92,443         35,711         29,249         67,155   

Service fees (Note 2)

      220         702         336         222         617   

Total Liabilities

      2,835,753         23,218,872         2,283,276         8,774,056         13,207,414   

NET ASSETS

    $ 55,774,134       $ 193,171,713       $ 89,672,434       $ 61,455,835       $ 167,253,152   

NET ASSETS:

               

Paid-in capital

    $ 71,442,992       $ 207,597,232       $ 107,123,936       $ 78,355,989       $ 220,882,190   

Undistributed net investment income

      60,053         1,734,559         3,116         127,330         310,663   

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

      (13,625,006 )       (28,614,820 )       (20,101,529 )       (16,960,532 )       (47,708,420 ) 

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

      (2,103,905 )       12,454,742         2,646,911         (66,952 )       (6,231,281 ) 

NET ASSETS

    $ 55,774,134       $ 193,171,713       $ 89,672,434       $ 61,455,835       $ 167,253,152   

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

      1,100,000         4,250,000         1,400,000         1,100,000         3,900,000   

Net asset value per share

    $ 50.70       $ 45.45       $ 64.05       $ 55.87       $ 42.89   
1

Market value of securities out on loan were as follows: $2,668,103, $20,983,422, $2,160,524, $8,203,868, and $12,349,997. respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      129   

Table of Contents

Statements of Assets and Liabilities (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

 

  

 

 

      WisdomTree
International
Dividend
ex-Financials Fund		      WisdomTree
International
MidCap
Dividend Fund		      WisdomTree
International
SmallCap
Dividend Fund		      WisdomTree
Emerging
Markets Equity
Income Fund		      WisdomTree
Emerging
Markets SmallCap
Dividend Fund		  

ASSETS:

               

Investments, at cost

    $ 373,617,087       $ 118,747,046       $ 435,581,317       $ 3,520,207,388       $ 991,995,369   

Investment in affiliates, at cost (Note 7)

      4,505         71,003         197,706         2,163,775         9,161,949   

Foreign currency, at cost

      115,741         71,040         104,628         15,254,430         6,299,625   

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

      373,310,649         117,820,475         474,183,006         3,715,108,434         1,026,188,322   

Investment in affiliates, at value (Note 7)

      5,215         83,013         232,186         2,136,100         8,288,469   

Cash

      —         —         —         —         637,151   

Foreign currency, at value

      115,882         71,180         104,356         15,255,856         6,329,648   

Unrealized appreciation on forward foreign currency contracts

      —         —         —         —         6,040   

Receivables:

               

Dividends and interest

      1,183,874         640,943         3,564,555         9,968,889         2,603,585   

Foreign tax reclaims

      206,193         96,857         198,942         51,336         50,409   

Investment securities and forward foreign currency contracts sold

      926,892         1,016         1,017,931         2,584,380         1,963,967   

Capital shares sold

      —         —         —         54,590,170         8,215,760   

Total Assets

      375,748,705         118,713,484         479,300,976         3,799,695,165         1,054,283,351   

LIABILITIES:

               

Due to custodian

      741,861         —         490,748         10,102,926         —   

Unrealized depreciation on forward foreign currency contracts

      —         —         389         17,420         1,462   

Payables:

               

Collateral for securities on loan (Note 2)

      18,845,635         12,838,834         53,904,019         90,237,031         14,313,135   

Investment securities and forward foreign currency contracts purchased

      —         —         434,614         56,576,088         16,576,033   

Advisory fees (Note 3)

      168,190         51,626         205,301         1,857,948         521,481   

Service fees (Note 2)

      1,279         393         1,562         12,979         3,668   

Total Liabilities

      19,756,965         12,890,853         55,036,633         158,804,392         31,415,779   

NET ASSETS

    $ 355,991,740       $ 105,822,631       $ 424,264,343       $ 3,640,890,773       $ 1,022,867,572   

NET ASSETS:

               

Paid-in capital

    $ 502,540,444       $ 186,217,370       $ 610,517,085       $ 3,536,315,233       $ 1,023,786,960   

Undistributed net investment income

      455,453         441,765         2,243,811         5,258,481         5,299,833   

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

      (146,700,697 )       (79,923,116 )       (227,119,420 )       (95,408,902 )       (39,561,966 ) 

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

      (303,460 )       (913,388 )       38,622,867         194,725,961         33,342,745   

NET ASSETS

    $ 355,991,740       $ 105,822,631       $ 424,264,343       $ 3,640,890,773       $ 1,022,867,572   

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

      8,550,000         2,200,000         8,600,000         63,500,000         21,400,000   

Net asset value per share

    $ 41.64       $ 48.10       $ 49.33       $ 57.34       $ 47.80   
1

Market value of securities out on loan were as follows: $17,951,213, $12,069,627, $49,974,592, $84,663,628, and $13,664,499, respectively.

 

See Notes to Financial Statements.

 

130   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Assets and Liabilities (concluded)

WisdomTree International Dividend and Sector Funds

March 31, 2012

 

  

 

 

     WisdomTree
Middle East
Dividend Fund		     WisdomTree
International
Hedged
Equity Fund		     WisdomTree
Commodity
Country
Equity Fund		     WisdomTree
Global Natural
Resources Fund		     WisdomTree
Global ex-U.S.
Utilities Fund		     WisdomTree
Global ex-U.S.
Real
Estate Fund		  

ASSETS:

            

Investments, at cost

   $ 12,666,652      $ 21,717,671      $ 34,573,900      $ 34,732,016      $ 38,396,702      $ 117,666,354   

Investment in affiliates, at cost (Note 7)

     —        34,544        10,676        206,525        183,378        —   

Foreign currency, at cost

     78,925        16,531        3,390        19,020        9,134        246,153   

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

     13,887,856        22,453,820        34,175,145        32,449,388        34,115,630        117,090,335   

Investment in affiliates, at value (Note 7)

     —        34,707        12,952        175,429        158,501        —   

Cash

     —        —        2,389        —        1,000        234,680   

Foreign currency, at value

     78,914        16,587        3,392        18,918        9,134        246,596   

Unrealized appreciation on forward foreign currency contracts

     —        206,598        1        2        —        549   

Receivables:

            

Dividends and interest

     143,060        98,339        176,955        55,479        157,435        306,485   

Foreign tax reclaims

     —        22,057        28,395        11,248        22,271        9,730   

Investment securities and forward foreign currency contracts sold

     53,567        39,246        —        —        —        1,834   

Total Assets

     14,163,397        22,871,354        34,399,229        32,710,464        34,463,971        117,890,209   

LIABILITIES:

            

Due to custodian

     —        —        —        354        —        —   

Unrealized depreciation on forward foreign currency contracts

     16        24,365        —        —        —        1,525   

Payables:

            

Collateral for securities on loan (Note 2)

     —        629,327        2,944,521        1,234,839        4,207,707        9,057,136   

Investment securities and forward foreign currency contracts purchased

     114,422        243,861        —        7,338        —        552,983   

Advisory fees (Note 3)

     8,049        8,748        15,639        15,816        15,200        56,911   

Service fees (Note 2)

     52        1,824        119        121        116        433   

Other expenses

     2,368        80        —        —        —        —   

Total Liabilities

     124,907        908,205        2,960,279        1,258,468        4,223,023        9,668,988   

NET ASSETS

   $ 14,038,490      $ 21,963,149      $ 31,438,950      $ 31,451,996      $ 30,240,948      $ 108,221,221   

NET ASSETS:

            

Paid-in capital

   $ 21,599,052      $ 23,322,072      $ 46,709,534      $ 46,968,822      $ 55,676,046      $ 168,728,864   

Undistributed (Distributions in excess of) net investment income

     151,353        62,976        76,664        17,759        68,845        (4,245,470 ) 

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

     (8,933,104 )      (2,341,390 )      (14,950,469 )      (13,220,593 )      (21,196,712 )      (55,685,579 ) 

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

     1,221,189        919,491        (396,779 )      (2,313,992 )      (4,307,231 )      (576,594 ) 

NET ASSETS

   $ 14,038,490      $ 21,963,149      $ 31,438,950      $ 31,451,996      $ 30,240,948      $ 108,221,221   

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

     900,000        500,000        1,000,000        1,250,000        1,600,000        4,100,000   

Net asset value per share

   $ 15.60      $ 43.93      $ 31.44      $ 25.16      $ 18.90      $ 26.40   
1

Market value of securities out on loan were as follows: $0, $589,006, $2,803,196, $1,179,196, $4,002,917, and $8,594,405, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      131   

Table of Contents

Statements of Operations

WisdomTree International Dividend and Sector Funds

For the Year Ended March 31, 2012

 

  

 

 

     

WisdomTree

DEFA Fund

     

WisdomTree

DEFA Equity
Income Fund

      WisdomTree
Global Equity
Income Fund		      WisdomTree
Europe SmallCap
Dividend Fund		     

WisdomTree

Japan Hedged
Equity Fund

  

INVESTMENT INCOME:

               

Dividends1

    $ 17,829,174       $ 7,482,335       $ 3,783,528       $ 1,048,223       $ 14,032,638   

Dividends from affiliates (Note 7)

      105,941         41,516         17,171         1,100         —   

Interest

      —         —         49         3,958         —   

Securities lending income (Note 2)

      697,262         250,266         106,557         43,660         99,038   

Total investment income

      18,632,377         7,774,117         3,907,305         1,096,941         14,131,676   

EXPENSES:

               

Advisory fees (Note 3)

      1,900,693         830,776         443,128         145,341         2,347,008   

Service fees (Note 2)

      17,423         6,302         3,362         1,103         21,514   

Total expenses

      1,918,116         837,078         446,490         146,444         2,368,522   

Expense reimbursements/waivers (Note 3)

      (5,203 )       (2,245 )       (1,056 )       (122 )       —   

Net expenses

      1,912,913         834,833         445,434         146,322         2,368,522   

Net investment income

      16,719,464         6,939,284         3,461,871         950,619         11,763,154   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

               

Net realized gain (loss) from:

               

Investment transactions

      5,547,648         (1,638,520 )       1,464,020         (20,005 )       (28,401,065 ) 

Investment transactions from affiliates (Note 7)

      (448,231 )       (100,802 )       (42,686 )       (17,412 )       —   

In-kind redemptions

      (1,294,220 )       —         —         (86,566 )       4,230,366   

In-kind redemptions from affiliates (Note 7)

      2,026         —         —         149         —   

Forward foreign currency contracts and foreign currency related transactions

      (111,962 )       (42,447 )       (29,101 )       (8,944 )       (9,182,465 ) 

Net realized gain (loss)

      3,695,261         (1,781,769 )       1,392,233         (132,778 )       (33,353,164 ) 

Net change in unrealized appreciation (depreciation) from:

               

Investment transactions

      (53,393,915 )       (14,023,733 )       (6,513,214 )       (3,234,973 )       17,438,420   

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

      (17,749 )       (5,876 )       (3,463 )       (1,022 )       (310,028 ) 

Net change in unrealized appreciation (depreciation)

      (53,411,664 )       (14,029,609 )       (6,516,677 )       (3,235,995 )       17,128,392   

Net realized and unrealized loss on investments

      (49,716,403 )       (15,811,378 )       (5,124,444 )       (3,368,773 )       (16,224,772 ) 

NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS

    $ (32,996,939 )     $ (8,872,094 )     $ (1,662,573 )     $ (2,418,154 )     $ (4,461,618 ) 

 

1 

Net of foreign withholding tax of $1,692,031, $660,682, $315,469, $108,648 and $1,050,284, respectively.

 

See Notes to Financial Statements.

 

132   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 31, 2012

 

  

 

 

      WisdomTree
Global ex-U.S.
Growth Fund		      WisdomTree
Japan SmallCap
Dividend Fund		      WisdomTree
Asia Pacific
ex-Japan Fund		      WisdomTree
Australia
Dividend Fund		      WisdomTree
International
LargeCap
Dividend Fund		  

INVESTMENT INCOME:

               

Dividends1

    $ 1,849,860       $ 4,536,966       $ 2,924,467       $ 3,243,567       $ 6,480,503   

Dividends from affiliates (Note 7)

      4,730         1,611         18,265         2,406         30,094   

Securities lending income (Note 2)

      39,585         81,540         16,098         55,236         229,237   

Total investment income

      1,894,175         4,620,117         2,958,830         3,301,209         6,739,834   

EXPENSES:

               

Advisory fees (Note 3)

      332,537         1,240,122         364,607         332,196         670,975   

Service fees (Note 2)

      2,523         9,408         3,342         2,520         6,151   

Total expenses

      335,060         1,249,530         367,949         334,716         677,126   

Expense reimbursements/waivers (Note 3)

      (3,216 )       (1,979 )       (7,180 )       (29 )       (1,165 ) 

Net expenses

      331,844         1,247,551         360,769         334,687         675,961   

Net investment income

      1,562,331         3,372,566         2,598,061         2,966,522         6,063,873   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

               

Net realized gain (loss) from:

               

Investment transactions

      (374,815 )       (12,602,356 )       (4,136,599 )       (1,868,365 )       (5,054,572 ) 

Investment transactions from affiliates (Note 7)

      (127,512 )       (39,128 )       (6,395 )       (8,509 )       (83,271 ) 

In-kind redemptions

      5,078,987         13,757,885         8,907,657         6,763,486         4,460,492   

In-kind redemptions from affiliates (Note 7)

      643         (8,488 )       (10,676 )       16,310         1,397   

Forward foreign currency contracts and foreign currency related transactions

      (82,754 )       22,096         (168,679 )       (32,657 )       (36,304 ) 

Net realized gain (loss)

      4,494,549         1,130,009         4,585,308         4,870,265         (712,258 ) 

Net change in unrealized appreciation (depreciation) from:

               

Investment transactions

      (9,404,378 )       8,036,206         (8,035,319 )       (8,235,223 )       (12,409,775 ) 

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

      (2,135 )       29,221         (13,911 )       (31,422 )       (1,766 ) 

Net change in unrealized appreciation (depreciation)

      (9,406,513 )       8,065,427         (8,049,230 )       (8,266,645 )       (12,411,541 ) 

Net realized and unrealized gain (loss) on investments

      (4,911,964 )       9,195,436         (3,463,922 )       (3,396,380 )       (13,123,799 ) 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

    $ (3,349,633 )     $ 12,568,002       $ (865,861 )     $ (429,858 )     $ (7,059,926 ) 

 

1 

Net of foreign withholding tax of $184,888, $341,088, $172,180, $36,803 and $622,800, respectively.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      133   

Table of Contents

Statements of Operations (continued)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 31, 2012

 

  

 

 

 

      WisdomTree
International
Dividend
ex-Financials Fund		      WisdomTree
International
MidCap
Dividend Fund		      WisdomTree
International
SmallCap
Dividend Fund		      WisdomTree
Emerging
Markets Equity
Income Fund		      WisdomTree
Emerging
Markets SmallCap
Dividend Fund		  

INVESTMENT INCOME:

               

Dividends1

    $ 10,190,108       $ 5,272,177       $ 17,000,936       $ 95,215,379       $ 31,777,161   

Dividends from affiliates (Note 7)

      44,723         23,662         40,957         83,246         79,830   

Securities lending income (Note 2)

      350,281         242,894         553,115         380,042         240,488   

Total investment income

      10,585,112         5,538,733         17,595,008         95,678,667         32,097,479   

EXPENSES:

               

Advisory fees (Note 3)

      1,283,015         752,251         2,412,430         12,679,378         5,387,984   

Service fees (Note 2)

      9,734         5,707         18,304         88,555         37,630   

Total expenses

      1,292,749         757,958         2,430,734         12,767,933         5,425,614   

Expense reimbursements/waivers (Note 3)

      (4,056 )       (1,685 )       (5,331 )       (5,490 )       (59,054 ) 

Net expenses

      1,288,693         756,273         2,425,403         12,762,443         5,366,560   

Net investment income

      9,296,419         4,782,460         15,169,605         82,916,224         26,730,919   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

               

Net realized gain (loss) from:

               

Investment transactions

      2,116,283         (6,697,133 )       (7,921,529 )       (48,548,764 )       (5,537,031 ) 

Investment transactions from affiliates (Note 7)

      (187,195 )       (20,700 )       44,138         (140,950 )       (2,450,200 ) 

In-kind redemptions

      727,751         2,908,195         4,129,782         36,439,977         14,758,247   

In-kind redemptions from affiliates (Note 7)

      3,048         2,128         7,167         —         40,509   

Forward foreign currency contracts and foreign currency related transactions

      (102,629 )       (22,828 )       3,626         (5,059,484 )       (626,431 ) 

Net realized gain (loss)

      2,557,258         (3,830,338 )       (3,736,816 )       (17,309,221 )       6,185,094   

Net change in unrealized appreciation (depreciation) from:

               

Investment transactions

      (15,370,298 )       (13,497,453 )       (29,689,976 )       521,064         (97,633,116 ) 

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

      (22,873 )       (6,541 )       6,452         (241,093 )       (56,734 ) 

Net change in unrealized appreciation (depreciation)

      (15,393,171 )       (13,503,994 )       (29,683,524 )       279,971         (97,689,850 ) 

Net realized and unrealized loss on investments

      (12,835,913 )       (17,334,332 )       (33,420,340 )       (17,029,250 )       (91,504,756 ) 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

    $ (3,539,494 )     $ (12,551,872 )     $ (18,250,735 )       65,886,974         (64,773,837 ) 

 

1 

Net of foreign withholding tax of $940,887, $505,753, $1,315,761, $11,009,419, and $5,207,986, respectively.

 

See Notes to Financial Statements.

 

134   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Operations (concluded)

WisdomTree International Dividend and Sector Funds

For the Year Ended March 31, 2012

 

  

 

 

 

     WisdomTree
Middle East
Dividend Fund		     WisdomTree
International
Hedged
Equity Fund		     WisdomTree
Commodity
Country
Equity Fund		     WisdomTree
Global Natural
Resources Fund		    

WisdomTree
Global ex-U.S.

Utilities Fund

     WisdomTree
Global ex-U.S.
Real Estate Fund		  

INVESTMENT INCOME:

            

Dividends1

   $ 1,076,263      $ 869,809      $ 1,407,570      $ 1,587,220      $ 1,586,203      $ 5,782,460   

Dividends from affiliates (Note 7)

     —        2,132        1,047        2,499        1,778        12,951   

Securities lending income (Note 2)

     —        26,138        39,582        63,264        66,730        128,367   

Total investment income

     1,076,263        898,079        1,448,199        1,652,983        1,654,711        5,923,778   

EXPENSES:

            

Advisory fees (Note 3)

     118,125        94,307        204,834        232,339        189,502        694,902   

Service fees (Note 2)

     546        865        1,554        1,763        1,438        5,272   

Custody and accounting

     93,259        47,597        —        —        —        —   

Professional fees

     44,156        44,192        —        —        —        —   

IOPV fees2

     18,100        10,500        —        —        —        —   

Printing

     17,315        17,451        —        —        —        —   

Pricing

     10,584        17,845        —        —        —        —   

Listing costs

     6,500        5,000        —        —        —        —   

Insurance

     3,705        3,734        —        —        —        —   

Compliance

     1,915        1,915        —        —        —        —   

Other

     2,979        2,996        —        —        —        —   

Total expenses

     317,184        246,402        206,388        234,102        190,940        700,174   

Expense reimbursements/waivers (Note 3)

     (163,552 )      (131,789 )      (243 )      (1,257 )      (1,074 )      (688 ) 

Net expenses

     153,632        114,613        206,145        232,845        189,866        699,486   

Net investment income

     922,631        783,466        1,242,054        1,420,138        1,464,845        5,224,292   

NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:

            

Net realized gain (loss) from:

            

Investment transactions

     (244,892 )      (137,026 )      2,908,550        57,461        (11,409,758 )      (160,393 ) 

Investment transactions from affiliates (Note 7)

     —        (31,242 )      (30,656 )      (39,443 )      (24,863 )      (122,837 ) 

In-kind redemptions

     —        692,610        469,212        (733,100 )      242,290        2,656,587   

In-kind redemptions from affiliates (Note 7)

     —        —        1,081        (13,234 )      6,811        (251 ) 

Forward foreign currency contracts and foreign currency related transactions

     (6,638 )      (314,304 )      (28,319 )      (61,608 )      (52,774 )      (26,162 ) 

Net realized gain (loss)

     (251,530 )      210,038        3,319,868        (789,924 )      (11,238,294 )      2,346,944   

Net change in unrealized appreciation (depreciation) from:

            

Investment transactions

     (646,916 )      (2,314,024 )      (5,934,484 )      (7,614,566 )      7,209,945        (13,825,824 ) 

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

     310        431,526        (4,082 )      (2,559 )      (2,459 )      469   

Net change in unrealized appreciation (depreciation)

     (646,606 )      (1,882,498 )      (5,938,566 )      (7,617,125 )      7,207,486        (13,825,355 ) 

Net realized and unrealized loss on investments

     (898,136 )      (1,672,460 )      (2,618,698 )      (8,407,049 )      (4,030,808 )      (11,478,411 ) 

NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS

   $ 24,495      $ (888,994 )    $ (1,376,644 )    $ (6,986,911 )    $ (2,565,963 )    $ (6,254,119 ) 

 

1 

Net of foreign withholding tax of $90,823, $84,054, $139,836, $155,272, $183,693, and $437,773, respectively.

 

2 

IOVP fees – Indicative Optimized Portfolio Value – is the real-time estimation of the net asset value of the Fund.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      135   

Table of Contents

Statements of Changes in Net Assets

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

     WisdomTree
DEFA Fund		    

WisdomTree

DEFA Equity Income Fund

    

WisdomTree

Global Equity Income Fund

  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 16,719,464      $ 14,585,334      $ 6,939,284      $ 5,386,264      $ 3,461,871      $ 2,136,651   

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

     3,695,261        (10,765,454 )      (1,781,769 )      (8,141,358 )      1,392,233        (791,425 ) 

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

     (53,411,664 )      38,462,539        (14,029,609 )      11,649,847        (6,516,677 )      6,562,848   

Net increase (decrease) in net assets resulting from operations

     (32,996,939 )      42,282,419        (8,872,094 )      8,894,753        (1,662,573 )      7,908,074   

DIVIDENDS:

            

Net investment income

     (16,801,126 )      (14,637,890 )      (6,808,884 )      (5,400,141 )      (3,425,601 )      (2,060,172 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     33,703,878        19,124,551        60,036,022        2,204,839        18,244,724        29,257,792   

Cost of shares redeemed

     (56,700,428 )      (24,677,653 )      —        (16,542,512 )      —        —   

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

     (22,996,550 )      (5,553,102 )      60,036,022        (14,337,673 )      18,244,724        29,257,792   

Net Increase (Decrease) in Net Assets

     (72,794,615 )      22,091,427        44,355,044        (10,843,061 )      13,156,550        35,105,694   

NET ASSETS:

            

Beginning of year

   $ 457,997,031      $ 435,905,604      $ 131,454,437      $ 142,297,498      $ 78,147,479      $ 43,041,785   

End of year

   $ 385,202,416      $ 457,997,031      $ 175,809,481      $ 131,454,437      $ 91,304,029      $ 78,147,479   

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

   $ 1,022,525      $ 1,092,255      $ 299,938      $ 191,867      $ 173,689      $ 154,543   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     9,250,000        9,450,000        3,000,000        3,400,000        1,750,000        1,050,000   

Shares created

     750,000        400,000        1,550,000        50,000        450,000        700,000   

Shares redeemed

     (1,350,000 )      (600,000 )      —        (450,000 )      —        —   

Shares outstanding, end of year

     8,650,000        9,250,000        4,550,000        3,000,000        2,200,000        1,750,000   

 

See Notes to Financial Statements.

 

136   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

    

WisdomTree

Europe SmallCap Dividend Fund

    

WisdomTree

Japan Hedged Equity Fund

    

WisdomTree

Global ex-U.S. Growth Fund

  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 950,619      $ 773,071      $ 11,763,154      $ 6,622,465      $ 1,562,331      $ 957,587   

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

     (132,778 )      (726,338 )      (33,353,164 )      (21,754,422 )      4,494,549        145,659   

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

     (3,235,995 )      5,089,392        17,128,392        (2,893,998 )      (9,406,513 )      3,253,681   

Net increase (decrease) in net assets resulting from operations

     (2,418,154 )      5,136,125        (4,461,618 )      (18,025,955 )      (3,349,633 )      4,356,927   

DIVIDENDS:

            

Net investment income

     (1,249,779 )      (772,916 )      (9,560,131 )      (1,252,279 )      (1,502,577 )      (917,040 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     7,023,711        —        401,748,182        483,187,635        54,279,646        21,201,069   

Cost of shares redeemed

     (3,576,495 )      (5,569,277 )      (276,000,932 )      (23,678,853 )      (43,099,447 )      —   

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

     3,447,216        (5,569,277 )      125,747,250        459,508,782        11,180,199        21,201,069   

Net Increase (Decrease) in Net Assets

     (220,717 )      (1,206,068 )      111,725,501        440,230,548        6,327,989        24,640,956   

NET ASSETS:

            

Beginning of year

   $ 28,888,596      $ 30,094,664      $ 494,981,261      $ 54,750,713      $ 49,446,145      $ 24,805,189   

End of year

   $ 28,667,879      $ 28,888,596      $ 606,706,762      $ 494,981,261      $ 55,774,134      $ 49,446,145   

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

   $ 83,518      $ 383,628      $ 5,575,936      $ 5,918,195      $ 60,053      $ 83,053   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     650,000        800,000        13,400,000        1,300,000        900,000        500,000   

Shares created

     200,000        —        11,400,000        12,750,000        1,000,000        400,000   

Shares redeemed

     (100,000 )      (150,000 )      (8,250,000 )      (650,000 )      (800,000 )      —   

Shares outstanding, end of year

     750,000        650,000        16,550,000        13,400,000        1,100,000        900,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      137   

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

    

WisdomTree

Japan SmallCap Dividend Fund

    

WisdomTree

Asia Pacific ex-Japan Fund

    

WisdomTree

Australia Dividend Fund

  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 3,372,566      $ 3,530,671      $ 2,598,061      $ 3,422,364      $ 2,966,522      $ 4,257,602   

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

     1,130,009        (618,739 )      4,585,308        (11,815 )      4,870,265        772,038   

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

     8,065,427        8,707,119        (8,049,230 )      8,273,031        (8,266,645 )      2,230,713   

Net increase (decrease) in net assets resulting from operations

     12,568,002        11,619,051        (865,861 )      11,683,580        (429,858 )      7,260,353   

DIVIDENDS:

            

Net investment income

     (4,623,191 )      (2,383,352 )      (2,604,968 )      (3,365,676 )      (3,116,253 )      (4,176,991 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     65,220,185        121,144,708        51,180,847        —        40,313,641        —   

Cost of shares redeemed

     (115,678,745 )      (52,544,856 )      (46,425,372 )      (8,963,414 )      (55,448,586 )      (40,285,077 ) 

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

     (50,458,560 )      68,599,852        4,755,475        (8,963,414 )      (15,134,945 )      (40,285,077 ) 

Net Increase (Decrease) in Net Assets

     (42,513,749 )      77,835,551        1,284,646        (645,510 )      (18,681,056 )      (37,201,715 ) 

NET ASSETS:

            

Beginning of year

   $ 235,685,462      $ 157,849,911      $ 88,387,788      $ 89,033,298      $ 80,136,891      $ 117,338,606   

End of year

   $ 193,171,713      $ 235,685,462      $ 89,672,434      $ 88,387,788      $ 61,455,835      $ 80,136,891   

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

   $ 1,734,559      $ 2,617,816      $ 3,116      $ 152,356      $ 127,330      $ 260,728   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     5,450,000        3,800,000        1,300,000        1,450,000        1,300,000        2,050,000   

Shares created

     1,550,000        2,950,000        800,000        —        700,000        —   

Shares redeemed

     (2,750,000 )      (1,300,000 )      (700,000 )      (150,000 )      (900,000 )      (750,000 ) 

Shares outstanding, end of year

     4,250,000        5,450,000        1,400,000        1,300,000        1,100,000        1,300,000   

 

See Notes to Financial Statements.

 

138   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

     WisdomTree
International LargeCap Dividend Fund		     WisdomTree
International Dividend ex-Financials Fund		     WisdomTree
International MidCap Dividend Fund		  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 6,063,873      $ 5,122,716      $ 9,296,419      $ 6,468,151      $ 4,782,460      $ 4,408,386   

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

     (712,258 )      (7,844,872 )      2,557,258        5,411,710        (3,830,338 )      (8,999,172 ) 

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

     (12,411,541 )      14,632,223        (15,393,171 )      6,125,539        (13,503,994 )      22,823,910   

Net increase (decrease) in net assets resulting from operations

     (7,059,926 )      11,910,067        (3,539,494 )      18,005,400        (12,551,872 )      18,233,124   

DIVIDENDS:

            

Net investment income

     (6,055,172 )      (5,111,213 )      (8,893,281 )      (6,504,988 )      (4,866,057 )      (4,562,537 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     37,627,329        18,012,609        232,583,990        20,341,799        4,726,060        7,564,508   

Cost of shares redeemed

     (21,748,486 )      (9,946,346 )      (14,088,402 )      (46,250,816 )      (37,491,140 )      (11,298,397 ) 

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

     15,878,843        8,066,263        218,495,588        (25,909,017 )      (32,765,080 )      (3,733,889 ) 

Net Increase (Decrease) in Net Assets

     2,763,745        14,865,117        206,062,813        (14,408,605 )      (50,183,009 )      9,936,698   

NET ASSETS:

            

Beginning of year

   $ 164,489,407      $ 149,624,290      $ 149,928,927      $ 164,337,532      $ 156,005,640      $ 146,068,942   

End of year

   $ 167,253,152      $ 164,489,407      $ 355,991,740      $ 149,928,927      $ 105,822,631      $ 156,005,640   

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

   $ 310,663      $ 338,266      $ 455,453      $ 154,944      $ 441,765      $ 529,799   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     3,450,000        3,300,000        3,200,000        3,850,000        2,900,000        3,000,000   

Shares created

     900,000        400,000        5,700,000        450,000        100,000        150,000   

Shares redeemed

     (450,000 )      (250,000 )      (350,000 )      (1,100,000 )      (800,000 )      (250,000 ) 

Shares outstanding, end of year

     3,900,000        3,450,000        8,550,000        3,200,000        2,200,000        2,900,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      139   

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

     WisdomTree
International SmallCap Dividend Fund		     WisdomTree
Emerging Markets Equity Income Fund		     WisdomTree
Emerging Markets
SmallCap Dividend Fund		  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 15,169,605      $ 13,033,395      $ 82,916,224      $ 28,686,394      $ 26,730,919      $ 16,791,292   

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

     (3,736,816 )      1,082,096        (17,309,221 )      24,026,620        6,185,094        20,653,525   

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

     (29,683,524 )      54,671,180        279,971        108,411,349        (97,689,850 )      75,870,725   

Net increase (decrease) in net assets resulting from operations

     (18,250,735 )      68,786,671        65,886,974        161,124,363        (64,773,837 )      113,315,542   

DIVIDENDS:

            

Net investment income

     (16,614,951 )      (12,889,846 )      (77,715,398 )      (27,419,477 )      (29,482,802 )      (16,528,911 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     14,562,054        7,115,479        2,547,732,465        761,512,984        285,736,124        603,777,470   

Cost of shares redeemed

     (31,135,099 )      (17,179,451 )      (220,269,968 )      (110,950,763 )      (96,074,894 )      (115,855,535 ) 

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

     (16,573,045 )      (10,063,972 )      2,327,462,497        650,562,221        189,661,230        487,921,935   

Net Increase (Decrease) in Net Assets

     (51,438,731 )      45,832,853        2,315,634,073        784,267,107        95,404,591        584,708,566   

NET ASSETS:

            

Beginning of year

   $ 475,703,074      $ 429,870,221      $ 1,325,256,700      $ 540,989,593      $ 927,462,981      $ 342,754,415   

End of year

   $ 424,264,343      $ 475,703,074      $ 3,640,890,773      $ 1,325,256,700      $ 1,022,867,572      $ 927,462,981   

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

   $ 2,243,811      $ 3,400,417      $ 5,258,481      $ 3,108,011      $ 5,299,833      $ 2,762,129   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     8,950,000        9,150,000        21,900,000        10,400,000        17,400,000        7,700,000   

Shares created

     300,000        150,000        45,400,000        13,800,000        5,900,000        12,300,000   

Shares redeemed

     (650,000 )      (350,000 )      (3,800,000 )      (2,300,000 )      (1,900,000 )      (2,600,000 ) 

Shares outstanding, end of year

     8,600,000        8,950,000        63,500,000        21,900,000        21,400,000        17,400,000   

 

See Notes to Financial Statements.

 

140   WisdomTree International Dividend and Sector Funds

Table of Contents

Statements of Changes in Net Assets (continued)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

     WisdomTree
Middle East Dividend Fund		     WisdomTree
International Hedged Equity Fund		     WisdomTree
Commodity Country Equity Fund		  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 922,631      $ 719,268      $ 783,466      $ 550,720      $ 1,242,054      $ 768,687   

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

     (251,530 )      (379,688 )      210,038        (1,913,482 )      3,319,868        (1,547,200 ) 

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

     (646,606 )      704,694        (1,882,498 )      2,487,486        (5,938,566 )      6,543,070   

Net increase (decrease) in net assets resulting from operations

     24,495        1,044,274        (888,994 )      1,124,724        (1,376,644 )      5,764,557   

DIVIDENDS:

            

Net investment income

     (1,062,273 )      (520,780 )      (714,387 )      (506,947 )      (1,222,114 )      (781,200 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     —        6,532,275        6,765,094        11,261,965        —        —   

Cost of shares redeemed

     (4,494,772 )      —        (4,623,324 )      —        (9,134,398 )      (10,948,551 ) 

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

     (4,494,772 )      6,532,275        2,141,770        11,261,965        (9,134,398 )      (10,948,551 ) 

Net Increase (Decrease) in Net Assets

     (5,532,550 )      7,055,769        538,389        11,879,742        (11,733,156 )      (5,965,194 ) 

NET ASSETS:

            

Beginning of year

   $ 19,571,040      $ 12,515,271      $ 21,424,760      $ 9,545,018      $ 43,172,106      $ 49,137,300   

End of year

   $ 14,038,490      $ 19,571,040      $ 21,963,149      $ 21,424,760      $ 31,438,950      $ 43,172,106   

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

   $ 151,353      $ 273,070      $ 62,976      $ 111,910      $ 76,664      $ 84,988   

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     1,200,000        800,000        450,002        200,002        1,300,000        1,700,000   

Shares created

     —        400,000        150,000        250,000        —        —   

Shares redeemed

     (300,000 )      —        (100,002 )      —        (300,000 )      (400,000 ) 

Shares outstanding, end of year

     900,000        1,200,000        500,000        450,002        1,000,000        1,300,000   

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      141   

Table of Contents

Statements of Changes in Net Assets (concluded)

WisdomTree International Dividend and Sector Funds

 

 

  

 

 

 

     WisdomTree
Global Natural Resources Fund		     WisdomTree
Global ex-U.S. Utilities Fund		     WisdomTree
Global ex-U.S. Real Estate Fund		  
     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		  

INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS:

   

          

Net investment income

   $ 1,420,138      $ 1,550,210      $ 1,464,845      $ 1,620,265      $ 5,224,292      $ 3,499,775   

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

     (789,924 )      (909,192 )      (11,238,294 )      (3,178,946 )      2,346,944        (9,494,166 ) 

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

     (7,617,125 )      12,510,654        7,207,486        1,889,228        (13,825,355 )      24,163,353   

Net increase (decrease) in net assets resulting from operations

     (6,986,911 )      13,151,672        (2,565,963 )      330,547        (6,254,119 )      18,168,962   

DIVIDENDS AND DISTRIBUTIONS:

            

Net investment income

     (1,347,737 )      (1,511,977 )      (1,419,373 )      (1,705,615 )      (5,496,750 )      (10,473,002 ) 

Return of capital

     —        —        —        —        (371,334 )      —   

Total dividends and distributions

     (1,347,737 )      (1,511,977 )      (1,419,373 )      (1,705,615 )      (5,868,084 )      (10,473,002 ) 

CAPITAL SHARE TRANSACTIONS:

            

Net proceeds from sale of shares

     4,039,593        22,597,082        1,931,981        —        20,078,805        31,927,456   

Cost of shares redeemed

     (13,525,579 )      (30,532,835 )      (5,041,058 )      (10,637,587 )      (22,405,761 )      (1,228,615 ) 

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

     (9,485,986 )      (7,935,753 )      (3,109,077 )      (10,637,587 )      (2,326,956 )      30,698,841   

Net Increase (Decrease) in Net Assets

     (17,820,634 )      3,703,942        (7,094,413 )      (12,012,655 )      (14,449,159 )      38,394,801   

NET ASSETS:

            

Beginning of year

   $ 49,272,630      $ 45,568,688      $ 37,335,361      $ 49,348,016      $ 122,670,380      $ 84,275,579   

End of year

   $ 31,451,996      $ 49,272,630      $ 30,240,948      $ 37,335,361      $ 108,221,221      $ 122,670,380   

Undistributed (Distributions in excess of) net investment income included in net assets at end of year

   $ 17,759      $ 6,966      $ 68,845      $ 75,147      $ (4,245,470 )    $ (10,265,152 ) 

SHARES CREATED AND REDEEMED:

            

Shares outstanding, beginning of year

     1,650,000        1,850,000        1,750,000        2,300,000        4,250,000        3,150,000   

Shares created

     150,000        950,000        100,000        —        750,000        1,150,000   

Shares redeemed

     (550,000 )      (1,150,000 )      (250,000 )      (550,000 )      (900,000 )      (50,000 ) 

Shares outstanding, end of year

     1,250,000        1,650,000        1,600,000        1,750,000        4,100,000        4,250,000   

 

See Notes to Financial Statements.

 

142   WisdomTree International Dividend and Sector Funds

Table of Contents

Financial Highlights

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree DEFA Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 49.51      $ 46.13      $ 32.00      $ 63.02      $ 64.15   

Investment operations:

          

Net investment income1

     1.90        1.58        2.00        1.89        1.70   

Net realized and unrealized gain (loss)

     (4.99 )      3.39        14.24        (31.04 )      (1.92 ) 

Total from investment operations

     (3.09 )      4.97        16.24        (29.15 )      (0.22 ) 

Dividends and distributions to shareholders:

          

Net investment income

     (1.89 )      (1.59 )      (2.11 )      (1.87 )      (0.91 ) 

Capital gains

     —        —        —        —        (0.00 )2  

Total dividends and distributions to shareholders

     (1.89 )      (1.59 )      (2.11 )      (1.87 )      (0.91 ) 

Net asset value, end of year

   $ 44.53      $ 49.51      $ 46.13      $ 32.00      $ 63.02   

TOTAL RETURN3

     (6.18 )%      11.33 %      51.43 %      (46.61 )%      (0.44 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 385,202      $ 457,997      $ 435,906      $ 302,385      $ 425,386   

Ratio to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.48 %      0.48 %      0.19 %*      0.48 %      0.48 % 

Expenses, prior to expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Net investment income

     4.22 %      3.50 %      4.63 %      4.01 %      2.54 % 

Portfolio turnover rate5

     27 %      30 %      97 %      30 %      10 % 

 

           
WisdomTree DEFA Equity Income Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 43.82      $ 41.85      $ 28.43      $ 60.10      $ 63.62   

Investment operations:

          

Net investment income1

     1.90        1.75        1.56        2.45        2.20   

Net realized and unrealized gain (loss)

     (5.17 )      2.01        13.44        (31.09 )      (3.78 ) 

Total from investment operations

     (3.27 )      3.76        15.00        (28.64 )      (1.58 ) 

Dividends to shareholders:

          

Net investment income

     (1.91 )      (1.79 )      (1.58 )      (3.03 )      (1.94 ) 

Net asset value, end of year

   $ 38.64      $ 43.82      $ 41.85      $ 28.43      $ 60.10   

TOTAL RETURN3

     (7.45 )%      9.74 %      53.57 %      (48.27 )%      (2.72 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 175,809      $ 131,454      $ 142,297      $ 88,123      $ 240,408   

Ratio to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     4.84 %      4.39 %      3.91 %      5.27 %      3.32 % 

Portfolio turnover rate5

     32 %      34 %      36 %      40 %      16 % 
* 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.”

 

1 

Based on average shares outstanding.

 

2 

Amount is less than $0.005.

 

3 

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

 

4 

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

 

5 

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

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      143   

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

 

WisdomTree Global Equity Income Fund   For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 20101		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 44.66       $ 40.99      $ 26.84      $ 58.90      $ 63.15   

Investment operations:

           

Net investment income2

     1.86         1.52        2.07        2.32        2.16   

Net realized and unrealized gain (loss)

     (3.14 )       3.63        14.28        (31.66 )      (4.38 ) 

Total from investment operations

     (1.28 )       5.15        16.35        (29.34 )      (2.22 ) 

Dividends and distributions to shareholders:

           

Net investment income

     (1.88 )       (1.48 )      (2.20 )      (2.72 )      (2.03 ) 

Capital gains

     —         —        —        —        (0.00 )3  

Total dividends and distributions to shareholders

     (1.88 )       (1.48 )      (2.20 )      (2.72 )      (2.03 ) 

Net asset value, end of year

   $ 41.50       $ 44.66      $ 40.99      $ 26.84      $ 58.90   

TOTAL RETURN4

     (2.70 )%       13.12 %      62.13 %      (50.56 )%      (3.76 )% 

RATIOS/SUPPLEMENTAL DATA:

           

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

   $ 91,304       $ 78,147      $ 43,042      $ 18,787      $ 47,122   

Ratio to average net assets5 of:

           

Expenses, net of expense reimbursements/waivers

     0.58 %       0.58 %      0.26 %*      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %       0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     4.53 %       3.74 %      5.49 %      5.16 %      3.32 % 

Portfolio turnover rate6

     25 %       35 %      94 %      47 %      21 % 

 

           
WisdomTree Europe SmallCap Dividend Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 44.44      $ 37.62      $ 22.44      $ 58.47      $ 70.15   

Investment operations:

          

Net investment income2

     1.44        1.09        0.99        2.50        2.32   

Net realized and unrealized gain (loss)

     (5.74 )      6.85        15.37        (35.53 )      (9.78 ) 

Total from investment operations

     (4.30 )      7.94        16.36        (33.03 )      (7.46 ) 

Dividends to shareholders:

          

Net investment income

     (1.92 )      (1.12 )      (1.18 )      (3.00 )      (4.22 ) 

Net asset value, end of year

   $ 38.22      $ 44.44      $ 37.62      $ 22.44      $ 58.47   

TOTAL RETURN4

     (9.80 )%      21.86 %      74.18 %      (56.75 )%      (10.72 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 28,668      $ 28,889      $ 30,095      $ 13,467      $ 46,778   

Ratio to average net assets5 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     3.79 %      2.81 %      2.92 %      6.03 %      3.33 % 

Portfolio turnover rate6

     58 %      60 %      55 %      63 %      22 % 
* 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds.”

 

1

This information reflects the investment objective and strategy of the WisdomTree Europe Equity Income Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree Global Equity Income Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

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 and 3).

 

5 

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

 

6 

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

 

See Notes to Financial Statements.

 

144   WisdomTree International Dividend and Sector Funds

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

 

WisdomTree Japan Hedged Equity Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 36.94      $ 42.12      $ 32.02      $ 48.34      $ 57.00   

Investment operations:

          

Net investment income1

     0.81        1.79        0.73        0.57        0.64   

Net realized and unrealized gain (loss)

     (0.34 )      (6.52 )      9.89        (16.09 )      (8.82 ) 

Total from investment operations

     0.47        (4.73 )      10.62        (15.52 )      (8.18 ) 

Dividends to shareholders:

          

Net investment income

     (0.75 )      (0.45 )      (0.52 )      (0.80 )      (0.48 ) 

Net asset value, end of year

   $ 36.66      $ 36.94      $ 42.12      $ 32.02      $ 48.34   

TOTAL RETURN2

     1.46 %      (11.25 )%      33.33 %      (32.36 )%      (14.39 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 606,707      $ 494,981      $ 54,751      $ 19,212      $ 29,004   

Ratio to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Expenses, prior to expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Net investment income

     2.41 %      5.40 %      1.72 %      1.38 %      1.17 % 

Portfolio turnover rate4

     41 %      28 %      13 %      11 %      1 % 

 

           
WisdomTree Global
ex-U.S. Growth Fund		   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 20105		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 54.94      $ 49.61      $ 35.41      $ 49.59      $ 59.42   

Investment operations:

          

Net investment income1

     1.39        1.41        1.11        0.75        0.65   

Net realized and unrealized gain (loss)

     (4.32 )      5.22        14.94        (13.89 )      (9.50 ) 

Total from investment operations

     (2.93 )      6.63        16.05        (13.14 )      (8.85 ) 

Dividends to shareholders:

          

Net investment income

     (1.31 )      (1.30 )      (1.85 )      (1.04 )      (0.98 ) 

Net asset value, end of year

   $ 50.70      $ 54.94      $ 49.61      $ 35.41      $ 49.59   

TOTAL RETURN2

     (5.20 )%      13.67 %      46.04 %      (26.84 )%      (14.96 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 55,774      $ 49,446      $ 24,805      $ 21,245      $ 29,754   

Ratio to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %6       0.57 %6       0.58 %6       0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     2.73 %      2.80 %      2.54 %      1.70 %      1.18 % 

Portfolio turnover rate4

     28 %      68 %      121 %      47 %      1 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4

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

 

5

This information reflects the investment objective and strategy of the WisdomTree World ex-U.S. Growth Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Growth Fund thereafter.

 

6 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      145   

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

 

WisdomTree Japan SmallCap Dividend Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 43.25      $ 41.54      $ 31.47      $ 44.29      $ 52.33   

Investment operations:

          

Net investment income1

     0.68        0.99        0.79        0.64        0.69   

Net realized and unrealized gain (loss)

     2.42        1.47        9.96        (12.97 )      (8.12 ) 

Total from investment operations

     3.10        2.46        10.75        (12.33 )      (7.43 ) 

Dividends to shareholders:

          

Net investment income

     (0.90 )      (0.75 )      (0.68 )      (0.49 )      (0.61 ) 

Net asset value, end of year

   $ 45.45      $ 43.25      $ 41.54      $ 31.47      $ 44.29   

TOTAL RETURN2

     7.36 %      6.02 %      34.37 %      (27.98 )%      (14.23 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 193,172      $ 235,685      $ 157,850      $ 66,078      $ 75,300   

Ratio to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     1.58 %      2.51 %      2.09 %      1.68 %      1.44 % 

Portfolio turnover rate4

     36 %      39 %      45 %      16 %      3 % 

 

           
WisdomTree Asia-Pacific ex-Japan Fund   For the
Year Ended
March 31, 20125		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 67.99      $ 61.40      $ 37.09      $ 73.00      $ 67.57   

Investment operations:

          

Net investment income1

     2.14        2.51        1.79        2.86        2.69   

Net realized and unrealized gain (loss)

     (3.85 )      6.59        24.23        (34.08 )      4.61   

Total from investment operations

     (1.71 )      9.10        26.02        (31.22 )      7.30   

Dividends to shareholders:

          

Net investment income

     (2.23 )      (2.51 )      (1.71 )      (4.69 )      (1.87 ) 

Net asset value, end of year

   $ 64.05      $ 67.99      $ 61.40      $ 37.09      $ 73.00   

TOTAL RETURN2

     (2.22 )%      15.33 %      70.97 %      (42.77 )%      (10.58 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 89,672      $ 88,388      $ 89,033      $ 37,086      $ 146,008   

Ratio to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Expenses, prior to expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Net investment income

     3.42 %      4.05 %      3.11 %      4.76 %      3.42 % 

Portfolio turnover rate4

     60 %      27 %      18 %      31 %      12 % 
1 

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4

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

 

5

This information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Total Dividend Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Asia Pacific ex-Japan Fund thereafter.

 

See Notes to Financial Statements.

 

146   WisdomTree International Dividend and Sector Funds

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

 

WisdomTree Australia Dividend Fund   For the
Year Ended
March 31, 20121		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 61.64      $ 57.24      $ 30.80      $ 63.30      $ 67.08   

Investment operations:

          

Net investment income2

     2.87        2.99        2.23        3.00        3.24   

Net realized and unrealized gain (loss)

     (5.48 )      4.62        26.27        (31.22 )      (3.40 ) 

Total from investment operations

     (2.61 )      7.61        28.50        (28.22 )      (0.16 ) 

Dividends and distributions to shareholders:

          

Net investment income

     (3.16 )      (3.21 )      (2.06 )      (4.28 )      (3.48 ) 

Capitals gains

     —        —        —        —        (0.14 ) 

Total dividends and distributions to shareholders

     (3.16 )      (3.21 )      (2.06 )      (4.28 )      (3.62 ) 

Net asset value, end of year

   $ 55.87      $ 61.64      $ 57.24      $ 30.80      $ 63.30   

TOTAL RETURN3

     (3.86 )%      14.03 %      93.79 %      (44.42 )%      (0.69 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 61,456      $ 80,137      $ 117,339      $ 21,559      $ 56,966   

Ratio to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     5.18 %      5.42 %      4.25 %      6.25 %      4.42 % 

Portfolio turnover rate5

     68 %      46 %      25 %      55 %      16 % 

 

           
WisdomTree International LargeCap Dividend
Fund		   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 47.68      $ 45.34      $ 31.57      $ 61.86      $ 62.55   

Investment operations:

          

Net investment income2

     1.86        1.56        1.50        2.11        1.80   

Net realized and unrealized gain (loss)

     (4.75 )      2.37        13.91        (29.98 )      (1.11 ) 

Total from investment operations

     (2.89 )      3.93        15.41        (27.87 )      0.69   

Dividends to shareholders:

          

Net investment income

     (1.90 )      (1.59 )      (1.64 )      (2.42 )      (1.38 ) 

Net asset value, end of year

   $ 42.89      $ 47.68      $ 45.34      $ 31.57      $ 61.86   

TOTAL RETURN3

     (6.02 )%      9.21 %      49.56 %      (45.57 )%      0.93 % 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 167,253      $ 164,489      $ 149,624      $ 78,928      $ 154,658   

Ratio to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Expenses, prior to expense reimbursements/waivers

     0.48 %      0.48 %      0.48 %      0.48 %      0.48 % 

Net investment income

     4.34 %      3.56 %      3.54 %      4.38 %      2.69 % 

Portfolio turnover rate5

     23 %      22 %      26 %      30 %      15 % 
1

This information reflects the investment objective and strategy of the WisdomTree Pacific ex-Japan Equity Income Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Australia Dividend Fund thereafter.

 

2 

Based on average shares outstanding.

 

3 

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

 

4 

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

 

5

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

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      147   

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

 

WisdomTree International Dividend
ex-Financials Fund		    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 20101		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 46.85       $ 42.69       $ 28.46       $ 64.01       $ 66.37   

Investment operations:

               

Net investment income2

      1.74         1.83         1.50         2.93         2.29   

Net realized and unrealized gain (loss)

      (5.11 )       4.21         14.24         (34.43 )       (2.86 ) 

Total from investment operations

      (3.37 )       6.04         15.74         (31.50 )       (0.57 ) 

Dividends to shareholders:

               

Net investment income

      (1.84 )       (1.88 )       (1.51 )       (4.05 )       (1.79 ) 

Net asset value, end of year

    $ 41.64       $ 46.85       $ 42.69       $ 28.46       $ 64.01   

TOTAL RETURN3

      (7.24 )%       14.93 %       56.27 %       (49.95 )%       1.05 % 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 355,992       $ 149,929       $ 164,338       $ 105,305       $ 390,485   

Ratios to average net assets4 of:

               

Expenses, net of expense reimbursements/waivers

      0.58 %       0.58 %       0.58 %       0.58 %       0.58 % 

Expenses, prior to expense reimbursements/waivers

      0.58 %       0.58 %       0.58 %       0.58 %       0.58 % 

Net investment income

      4.20 %       4.30 %       3.81 %       5.90 %       3.28 % 

Portfolio turnover rate5

      28 %       52 %       69 %       55 %       24 % 

 

           
WisdomTree International MidCap
Dividend Fund		    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

    $ 53.80       $ 48.69       $ 31.55       $ 62.60       $ 67.56   

Investment operations:

               

Net investment income2

      1.79         1.53         1.26         1.82         1.92   

Net realized and unrealized gain (loss)

      (5.69 )       5.19         17.27         (30.64 )       (4.95 ) 

Total from investment operations

      (3.90 )       6.72         18.53         (28.82 )       (3.03 ) 

Dividends and distributions to shareholders:

               

Net investment income

      (1.80 )       (1.61 )       (1.39 )       (2.23 )       (1.81 ) 

Capital gains

      —         —         —         —         (0.12 ) 

Total dividends and distributions to shareholders

      (1.80 )       (1.61 )       (1.39 )       (2.23 )       (1.93 ) 

Net asset value, end of year

    $ 48.10       $ 53.80       $ 48.69       $ 31.55       $ 62.60   

TOTAL RETURN3

      (7.21 )%       14.38 %       59.59 %       (46.43 )%       (4.61 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 105,823       $ 156,006       $ 146,069       $ 88,334       $ 219,104   

Ratios to average net assets4 of:

               

Expenses, net of expense reimbursements/waivers

      0.58 %       0.58 %       0.58 %       0.58 %       0.58 % 

Expenses, prior to expense reimbursements/waivers

      0.58 %       0.58 %       0.58 %       0.58 %       0.58 % 

Net investment income

      3.69 %       3.14 %       2.88 %       3.80 %       2.76 % 

Portfolio turnover rate5

      47 %       40 %       49 %       32 %       18 % 
1

This information reflects the investment objective and strategy of the WisdomTree International Dividend Top 100 Fund through May 8, 2009 and the investment objective and strategy of the WisdomTree International Dividend ex-Financials Fund thereafter.

 

2

Based on average shares outstanding.

 

3 

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

 

4 

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

 

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.

 

148   WisdomTree International Dividend and Sector Funds

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree International SmallCap Dividend
Fund		   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 53.15      $ 46.98      $ 29.08      $ 61.11      $ 67.80   

Investment operations:

          

Net investment income1

     1.77        1.43        1.20        1.91        1.86   

Net realized and unrealized gain (loss)

     (3.66 )      6.14        17.91        (31.83 )      (7.08 ) 

Total from investment operations

     (1.89 )      7.57        19.11        (29.92 )      (5.22 ) 

Dividends and distributions to shareholders:

          

Net investment income

     (1.93 )      (1.40 )      (1.21 )      (2.11 )      (1.41 ) 

Capital gains

     —        —        —        —        (0.06 ) 

Total dividends and distributions to shareholders

     (1.93 )      (1.40 )      (1.21 )      (2.11 )      (1.47 ) 

Net asset value, end of year

   $ 49.33      $ 53.15      $ 46.98      $ 29.08      $ 61.11   

TOTAL RETURN2

     (3.41 )%      16.64 %      66.50 %      (49.23 )%      (7.79 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 424,264      $ 475,703      $ 429,870      $ 244,307      $ 482,761   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     3.65 %      2.99 %      2.87 %      4.31 %      2.71 % 

Portfolio turnover rate4

     52 %      55 %      63 %      43 %      17 % 

 

           
WisdomTree Emerging Markets Equity Income
Fund		   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the Period
July 13, 2007*
through
March 31, 2008		  

Net asset value, beginning of period

   $ 60.51      $ 52.02      $ 31.11      $ 51.82      $ 50.68   

Investment operations:

          

Net investment income1

     2.25        1.89        1.48        2.01        1.12   

Net realized and unrealized gain (loss)

     (3.11 )      8.55        21.00        (20.76 )      0.51   

Total from investment operations

     (0.86 )      10.44        22.48        (18.75 )      1.63   

Dividends to shareholders:

          

Net investment income

     (2.31 )      (1.95 )      (1.57 )      (1.96 )      (0.49 ) 

Net asset value, end of period

   $ 57.34      $ 60.51      $ 52.02      $ 31.11      $ 51.82   

TOTAL RETURN2

     (1.03 )%      20.75 %      73.33 %      (36.21 )%      3.23 % 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 3,640,891      $ 1,325,257      $ 540,990      $ 177,355      $ 165,813   

Ratios to average net assets3 of:

          

Expenses, net of expense reimbursements/waivers

     0.63 %      0.63 %      0.63 %      0.63 %      0.63 %5 

Expenses, prior of expense reimbursements/waivers

     0.63 %      0.63 %      0.63 %      0.63 %      0.63 %5 

Net investment income

     4.12 %      3.47 %      3.26 %      4.96 %      3.18 %5 

Portfolio turnover rate4

     37 %      33 %      44 %      67 %      3 % 
* Commencement of investment operations.

 

1

Based on average shares outstanding.

 

2 

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

 

3 

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

 

4 

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

 

5 

Annualized.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      149   

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree Emerging Markets
SmallCap Dividend Fund		    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the
Year Ended
March 31, 2009		      For the Period
October 30, 2007*
through
March 31, 2008		  

Net asset value, beginning of period

    $ 53.30       $ 44.51       $ 24.62       $ 43.95       $ 51.50   

Investment operations:

               

Net investment income1

      1.47         1.32         1.02         1.56         0.37   

Net realized and unrealized gain (loss)

      (5.31 )       8.86         20.00         (19.57 )       (7.87 ) 

Total from investment operations

      (3.84 )       10.18         21.02         (18.01 )       (7.50 ) 

Dividends to shareholders:

               

Net investment income

      (1.66 )       (1.39 )       (1.13 )       (1.32 )       (0.05 ) 

Net asset value, end of period

    $ 47.80       $ 53.30       $ 44.51       $ 24.62       $ 43.95   

TOTAL RETURN2

      (6.88 )%       23.38 %       86.26 %       (40.81 )%       (14.57 )% 

RATIOS/SUPPLEMENTAL DATA:

               

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

    $ 1,022,868       $ 927,463       $ 342,754       $ 51,706       $ 52,742   

Ratios to average net assets5 of:

               

Expenses, net of expense reimbursements/waivers

      0.63 %4       0.63 %4       0.63 %4       0.63 %       0.63 %3 

Expenses, prior to expense reimbursements/waivers

      0.63 %       0.63 %       0.63 %       0.63 %       0.63 %3 

Net investment income

      3.13 %       2.68 %       2.59 %       4.98 %       1.99 %3 

Portfolio turnover rate6

      53 %       35 %       38 %       64 %       6 % 

 

         
WisdomTree Middle East Dividend Fund    For the
Year Ended
March 31, 2012		      For the
Year Ended
March 31, 2011		      For the
Year Ended
March 31, 2010		      For the Period
July 16, 2008*
through
March 31, 2009		  

Net asset value, beginning of period

    $ 16.31       $ 15.64       $ 12.13       $ 24.59   

Investment operations:

            

Net investment income1

      0.83         0.68         0.53         0.32   

Net realized and unrealized gain (loss)

      (0.61 )       0.49         3.68         (12.78 ) 

Total from investment operations

      0.22         1.17         4.21         (12.46 ) 

Dividends to shareholders:

            

Net investment income

      (0.93 )       (0.50 )       (0.70 )       —   

Net asset value, end of period

    $ 15.60       $ 16.31       $ 15.64       $ 12.13   

TOTAL RETURN2

      1.35 %       7.95 %       35.25 %       (50.67 )% 

RATIOS/SUPPLEMENTAL DATA:

            

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

    $ 14,038       $ 19,571       $ 12,515       $ 7,279   

Ratios to average net assets5 of:

            

Expenses, net of expense reimbursements/waivers

      0.88 %       0.88 %       0.88 %       0.88 %3 

Expenses, prior to expense reimbursements/waivers

      1.83 %       2.17 %       1.30 %       1.49 %3 

Net investment income

      5.31 %       4.33 %       3.63 %       2.86 %3 

Portfolio turnover rate6

      37 %       50 %       96 %       26 % 
* Commencement of investment operations.

 

1

Based on average shares outstanding.

 

2 

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

 

3 

Annualized.

 

4 

Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the WisdomTree India Earnings Fund that were paid indirectly by the Fund. The Fund invests a portion of its assets in the WisdomTree India Earnings Fund in order to achieve exposure to securities in India.

 

5 

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

 

6 

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

 

See Notes to Financial Statements.

 

150   WisdomTree International Dividend and Sector Funds

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Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree International Hedged Equity Fund   For the
Year Ended
March 31, 2012		     For the
Year Ended
March 31, 2011		     For the Period
December 31, 2009*
through
March 31, 2010		  

Net asset value, beginning of period

   $ 47.61      $ 47.72      $ 46.92   

Investment operations:

      

Net investment income1

     1.73        1.43        0.29   

Net realized and unrealized gain (loss)

     (3.84 )      (0.02 )      0.64   

Total from investment operations

     (2.11 )      1.41        0.93   

Dividends and distributions to shareholders:

      

Net investment income

     (1.57 )      (1.52 )      (0.13 ) 

Capital gains

     —        —        0.00 2 

Total dividends and distributions to shareholders

     (1.57 )      (1.52 )      (0.13 ) 

Net asset value, end of period

   $ 43.93      $ 47.61      $ 47.72   

TOTAL RETURN3

     (4.41 )%      3.27 %      1.98 % 

RATIOS/SUPPLEMENTAL DATA:

      

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

   $ 21,963      $ 21,425      $ 9,545   

Ratios to average net assets5 of:

      

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.47 %**4 

Expenses, prior to expense reimbursements/waivers

     1.25 %      1.65 %      0.58 %4 

Net investment income

     3.99 %      3.11 %      2.53 %4 

Portfolio turnover rate6

     42 %      38 %      79 % 

 

           
WisdomTree Commodity Country Equity Fund   For the
Year Ended
March 31, 20127		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 33.21      $ 28.90      $ 16.04      $ 35.96      $ 32.03   

Investment operations:

          

Net investment income1

     1.09        0.53        0.47        0.65        0.61   

Net realized and unrealized gain (loss)

     (1.76 )      4.33        12.80        (19.29 )      3.58   

Total from investment operations

     (0.67 )      4.86        13.27        (18.64 )      4.19   

Dividends and distributions to shareholders:

          

Net investment income

     (1.10 )      (0.55 )      (0.41 )      (1.28 )      (0.26 ) 

Capital gains

     —        —        —        —        0.00 2 

Total dividends and distributions to shareholders

     (1.10 )      (0.55 )      (0.41 )      (1.28 )      (0.26 ) 

Net asset value, end of year

   $ 31.44      $ 33.21      $ 28.90      $ 16.04      $ 35.96   

TOTAL RETURN3

     (1.77 )%      17.31 %      83.44 %      (52.10 )%      13.09 % 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 31,439      $ 43,172      $ 49,137      $ 22,460      $ 93,507   

Ratios to average net assets5 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     3.52 %      1.86 %      1.91 %      2.21 %      1.62 % 

Portfolio turnover rate6

     116 %      35 %      25 %      53 %      11 % 
* Commencement of investment operations.

 

** Reflects the Fund’s advisory fees, after waiver, and the fees and expenses of the underlying funds that were paid indirectly by the Fund during the period when the Fund operated as a “fund of funds”.

 

1

Based on average shares outstanding.

 

2

Amount represents less than $0.005.

 

3 

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

 

4 

Annualized.

 

5 

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

 

6 

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

 

7

This information reflects the investment objective and strategy of the WisdomTree International Basic Materials Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Commodity Country Equity Fund thereafter.

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      151   

Table of Contents

Financial Highlights (continued)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree Global Natural Resources Fund   For the
Year Ended
March 31, 20121		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 29.86      $ 24.63      $ 18.61      $ 31.98      $ 28.55   

Investment operations:

          

Net investment income2

     0.93        0.72        0.80        1.01        0.79   

Net realized and unrealized gain (loss)

     (4.74 )      5.19        6.07        (12.84 )      3.18   

Total from investment operations

     (3.81 )      5.91        6.87        (11.83 )      3.97   

Dividends and distributions to shareholders:

          

Net investment income

     (0.89 )      (0.68 )      (0.85 )      (1.54 )      (0.53 ) 

Capital gains

     —        —        —        —        (0.01 ) 

Total dividends and distributions to shareholders

     (0.89 )      (0.68 )      (0.85 )      (1.54 )      (0.54 ) 

Net asset value, end of year

   $ 25.16      $ 29.86      $ 24.63      $ 18.61      $ 31.98   

TOTAL RETURN3

     (12.70 )%      24.74 %      37.29 %      (37.05 )%      13.84 % 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 31,452      $ 49,273      $ 45,569      $ 22,332      $ 57,562   

Ratios to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     3.54 %      2.90 %      3.36 %      3.49 %      2.43 % 

Portfolio turnover rate5

     99 %      32 %      16 %      38 %      13 % 

 

           
WisdomTree Global ex-U.S. Utilities Fund   For the
Year Ended
March 31, 20126		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the
Year Ended
March 31, 2008		  

Net asset value, beginning of year

   $ 21.33      $ 21.46      $ 17.78      $ 32.73      $ 29.71   

Investment operations:

          

Net investment income2

     0.87        0.84        0.87        1.25        0.55   

Net realized and unrealized gain (loss)

     (2.45 )      (0.06 )      3.77        (14.74 )      2.75   

Total from investment operations

     (1.58 )      0.78        4.64        (13.49 )      3.30   

Dividends and distributions to shareholders:

          

Net investment income

     (0.85 )      (0.91 )      (0.96 )      (1.46 )      (0.28 ) 

Capital gains

     —        —        —        —        (0.00 )7 

Total dividends and distributions to shareholders

     (0.85 )      (0.91 )      (0.96 )      (1.46 )      (0.28 ) 

Net asset value, end of year

   $ 18.90      $ 21.33      $ 21.46      $ 17.78      $ 32.73   

TOTAL RETURN3

     (7.41 )%      4.27 %      26.42 %      (42.00 )%      11.05 % 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 30,241      $ 37,335      $ 49,348      $ 28,455      $ 78,561   

Ratios to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 % 

Net investment income

     4.48 %      4.22 %      4.17 %      4.53 %      1.62 % 

Portfolio turnover rate5

     66 %      19 %      17 %      50 %      13 % 
1

This information reflects the investment objective and strategy of the WisdomTree International Energy Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global Natural Resources Fund thereafter.

 

2

Based on average shares outstanding.

 

3 

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

 

4 

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

 

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

This information reflects the investment objective and strategy of the WisdomTree International Utilities Sector Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Utilities Fund thereafter.

 

See Notes to Financial Statements.

 

152   WisdomTree International Dividend and Sector Funds

Table of Contents

Financial Highlights (concluded)

WisdomTree International Dividend and Sector Funds

March 31, 2012

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

 

 

WisdomTree Global ex-U.S. Real Estate Fund   For the
Year Ended
March 31, 20121		     For the
Year Ended
March 31, 2011		     For the
Year Ended
March 31, 2010		     For the
Year Ended
March 31, 2009		     For the Period
June 5, 2007*
through
March 31, 2008		  

Net asset value, beginning of period

   $ 28.86      $ 26.75      $ 16.92      $ 41.84      $ 51.89   

Investment operations:

          

Net investment income2

     1.15        0.96        0.96        1.35        1.22   

Net realized and unrealized gain (loss)

     (2.32 )      3.83        11.39        (25.46 )      (9.32 ) 

Total from investment operations

     (1.17 )      4.79        12.35        (24.11 )      (8.10 ) 

Dividends and distributions to shareholders:

          

Net investment income

     (1.21 )      (2.68 )      (2.52 )      (0.81 )      (1.95 ) 

Return of capital

     (0.08 )      —        —        —        —   

Total dividends and distributions to shareholders

     (1.29 )      (2.68 )      (2.52 )      (0.81 )      (1.95 ) 

Net asset value, end of period

   $ 26.40      $ 28.86      $ 26.75      $ 16.92      $ 41.84   

TOTAL RETURN3

     (3.99 )%      18.81 %      74.20 %      (57.85 )%      (15.90 )% 

RATIOS/SUPPLEMENTAL DATA:

          

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

   $ 108,221      $ 122,670      $ 84,276      $ 40,619      $ 112,962   

Ratios to average net assets4 of:

          

Expenses, net of expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 %5 

Expenses, prior to expense reimbursements/waivers

     0.58 %      0.58 %      0.58 %      0.58 %      0.58 %5 

Net investment income

     4.36 %      3.48 %      3.76 %      4.55 %      3.17 %5 

Portfolio turnover rate6

     43 %      18 %      19 %      35 %      15 % 
* Commencement of investment operations.

 

1

This information reflects the investment objective and strategy of the WisdomTree International Real Estate Fund through June 19, 2011 and the investment objective and strategy of the WisdomTree Global ex-U.S. Real Estate Fund thereafter.

 

2

Based on average shares outstanding.

 

3 

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

 

4 

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

 

5 

Annualized.

 

6 

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

 

See Notes to Financial Statements.

 

WisdomTree International Dividend and Sector Funds      153   

Table of Contents

Notes to Financial Statements

 

1. ORGANIZATION

WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust pursuant to a Trust Instrument dated December 15, 2005. As of March 31, 2012, the Trust offered 48 investment funds (each a “Fund,” collectively, the “Funds”). These notes relate only to Funds listed in the table below:

 

Fund Name    Commencement
of Operations

WisdomTree DEFA Fund (“DEFA Fund”)

    June 16, 2006

WisdomTree DEFA Equity Income Fund (“DEFA Equity Income Fund”)

    June 16, 2006

WisdomTree Global Equity Income Fund (“Global Equity Income Fund”)

    June 16, 2006

WisdomTree Europe SmallCap Dividend Fund (“Europe SmallCap Dividend Fund”)

    June 16, 2006

WisdomTree Japan Hedged Equity Fund (“Japan Hedged Equity Fund”)

    June 16, 2006

WisdomTree Global ex-U.S. Growth Fund (“Global ex-U.S. Growth Fund”)
(formerly, WisdomTree World ex-U.S. Growth Fund)

    June 16, 2006

WisdomTree Japan SmallCap Dividend Fund (“Japan SmallCap Dividend Fund”)

    June 16, 2006

WisdomTree Asia Pacific ex-Japan Fund (“Asia Pacific ex-Japan Fund”)
(formerly, WisdomTree Pacific ex-Japan Total Dividend Fund)

    June 16, 2006

WisdomTree Australia Dividend Fund (“Australia Dividend Fund”)
(formerly, WisdomTree Pacific ex-Japan Equity Income Fund)

    June 16, 2006

WisdomTree International LargeCap Dividend Fund (“International LargeCap Dividend Fund”)

    June 16, 2006

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

    June 16, 2006

WisdomTree International MidCap Dividend Fund (“International MidCap Dividend Fund”)

    June 16, 2006

WisdomTree International SmallCap Dividend Fund (“International SmallCap Dividend Fund”)

    June 16, 2006

WisdomTree Emerging Markets Equity Income Fund (“Emerging Markets Equity Income Fund”)

    July 13, 2007

WisdomTree Emerging Markets SmallCap Dividend Fund (“Emerging Markets SmallCap Dividend Fund”)

    October 30, 2007

WisdomTree Middle East Dividend Fund (“Middle East Dividend Fund”)

    July 16, 2008

WisdomTree International Hedged Equity Fund (“International Hedged Equity Fund”)

    December 31, 2009

WisdomTree Commodity Country Equity Fund (“Commodity Country Equity Fund”)
(formerly, WisdomTree International Basic Materials Sector Fund)

    October 13, 2006

WisdomTree Global Natural Resources Fund (“Global Natural Resources Fund”)
(formerly, WisdomTree International Energy Sector Fund)

    October 13, 2006

WisdomTree Global ex-U.S. Utilities Fund (“Global ex-U.S. Utilities Fund”)
(formerly, WisdomTree International Utilities Sector Fund)

    October 13, 2006

WisdomTree Global ex-U.S. Real Estate Fund (“Global ex-U.S. Real Estate Fund”)
(formerly, WisdomTree International Real Estate Fund)

    June 5, 2007

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

2. SIGNIFICANT ACCOUNTING POLICIES

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

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

Guarantees — In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant to these contracts and expect the risk of loss to be remote. Therefore, no liabilities have been recorded in connection to the indemnifications.

Use of Estimates — The preparation of financial statements in conformity with GAAP, requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities

 

154   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

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. Transactions in Fund shares will be priced at NAV only if you purchase or redeem shares directly from a Fund in creation units, which are typically in blocks of 50,000 shares or more. Fund shares purchased or sold on a national securities exchange at market prices, which may be higher or lower than NAV. In calculating each Fund’s NAV investments are valued under policies approved by the Board of Trustees.

Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the close of regular trading on the New York Stock Exchange. The 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. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia.

In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be valued in accordance with the Fund’s pricing policy and procedures. Securities that may be valued using fair value pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be fair valued. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities. Each Fund may invest in money market funds which are valued at their NAV per share and affiliated ETF’s which are valued at their last sale or official closing price on the exchange on which they are principally traded.

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

Level 1 – quoted prices in active markets for identical securities

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

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

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

 

WisdomTree International Dividend and Sector Funds      155   

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Notes to Financial Statements (continued)

 

In January 2010, FASB issued Accounting Standards Update No. 2010-06 “Improving Disclosures about Fair Value Measurements (“ASU 2010-06”).” ASU 2010-06 requires reporting entities to make new disclosures about amounts and reasons for significant transfers between of Level 1 and Level 2 fair value measurements, as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3. ASU 2010-06 also requires information on purchases and sales, issuances and settlements on a gross basis in the reconciliation of activity in Level 3 fair value measurements. The new and revised disclosures have been implemented for fiscal periods beginning after December 15, 2009 other than the disclosures surrounding the presentation of purchases, sales, issuances and settlements on a gross basis in the reconciliation of Level 3 fair value measurements which have been implemented for fiscal periods beginning after December 15, 2010.

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

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

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

In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy.

No significant transfers between Level 1 or Level 2 fair value measurements occurred during the fiscal year ended March 31, 2012.

The following is a summary of the inputs used as of March 31, 2012 in valuing each Fund’s assets carried at fair value:

 

DEFA Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Australia

    $ 47,657,231       $ 36,411       $ —   

Spain

      20,401,038         1,806         —   

Other*

      313,991,744         —         —   

Money Market Funds

      —         34,221,578         —   

Exchange-Traded Funds

      388,791         —         —   

Total

    $ 382,438,804       $ 34,259,795       $ —   

 

DEFA Equity Income Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Australia

    $ 30,147,620       $ 20,302       $ —   

Other*

      143,841,677         —         —   

Money Market Funds

      —         13,611,901         —   

Exchange-Traded Funds

      820,710         —         —   

Total

      174,810,007         13,632,203         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         118         —   

Total - Net

    $ 174,810,007       $ 13,632,321       $ —   

 

156   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

 

Global Equity Income Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Australia

    $ 8,835,918       $ 7,217       $ —   

Other*

      81,762,654         —         —   

Money Market Funds

      —         5,541,194         —   

Exchange-Traded Funds

      238,105         —         —   

Total

      90,836,677         5,548,411         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         57         —   

Total - Net

    $ 90,836,677       $ 5,548,468       $ —   
        
Europe SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 28,513,309       $ —       $ —   

Rights

               188         —   

Money Market Funds

      —         2,699,340         —   

Exchange-Traded Funds

      1,251         —         —   

Total

      28,514,560         2,699,528         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         465         —   

Total - Net

    $ 28,514,560       $ 2,699,993       $ —   
        
Japan Hedged Equity Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 598,848,982       $ —       $ —   

Money Market Funds

      —         174,478,567         —   

Total

      598,848,982         174,478,567         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         8,806,044         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (348,516 )       —   

Total - Net

    $ 598,848,982       $ 182,936,095       $ —   
        
Global ex-U.S. Growth Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 55,216,477       $ —       $ —   

Money Market Funds

      —         2,803,519         —   

Exchange-Traded Funds

      385,394         —         —   

Total

      55,601,871         2,803,519         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (16 )       —   

Total - Net

    $ 55,601,871       $ 2,803,503       $ —   
        
Japan SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 190,916,160       $ —       $ —   

Money Market Funds

      —         22,344,736         —   

Total

      190,916,160         22,344,736         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         795         —   

Total - Net

    $ 190,916,160       $ 22,345,531       $ —   

 

WisdomTree International Dividend and Sector Funds      157   

Table of Contents

Notes to Financial Statements (continued)

 

 

Asia Pacific ex-Japan Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 87,186,174       $ —       $ —   

Money Market Funds

      —         2,242,390         —   

Exchange-Traded Funds

      2,198,209         —         —   

Total

    $ 89,384,383       $ 2,242,390       $ —   
        
Australia Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 61,019,088       $ —       $ —   

Money Market Funds

      —         8,669,129         —   

Total

    $ 61,019,088       $ 8,669,129       $ —   
        
International LargeCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 166,205,124       $ —       $ —   

Money Market Funds

      —         13,218,000         —   

Exchange-Traded Funds

      30,021         —         —   

Total

    $ 166,235,145       $ 13,218,000       $ —   
        
International Dividend ex-Financials Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 354,465,014       $ —       $ —   

Money Market Funds

      —         18,845,635         —   

Exchange-Traded Funds

      5,215         —         —   

Total

    $ 354,470,229       $ 18,845,635       $ —   
        
International MidCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Spain

    $ 4,102,107       $ 3,127       $ —   

Other*

      100,814,375         —         —   

Money Market Funds

      —         12,900,866         —   

Exchange-Traded Funds

      83,013         —         —   

Total

      104,999,495         12,903,993         —   
        
International SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Australia

    $ 67,561,755       $ 389,213       $ —   

Other*

      352,328,019         —         —   

Money Market Funds

      —         53,904,019         —   

Exchange-Traded Funds

      232,186         —         —   

Total

      420,121,960         54,293,232         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (389 )       —   

Total - Net

    $ 420,121,960       $ 54,292,843       $ —   

 

158   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

 

Emerging Markets Equity Income Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Malaysia

    $ 333,080,453       $ —       $ 55,605   

Other*

      3,290,056,714         —         —   

Money Market Funds

      —         91,915,662         —   

Exchange-Traded Funds

      2,136,100         —         —   

Total

      3,625,273,267         91,915,662         55,605   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (17,420 )       —   

Total - Net

    $ 3,625,273,267       $ 91,898,242       $ 55,605   
        
Emerging Markets SmallCap Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Malaysia

    $ 78,485,019       $ —       $ 73,744   

Other*

      932,269,812         —         —   

Rights

      —         8,314         —   

Money Market Funds

      —         15,351,433         —   

Exchange-Traded Funds

      8,288,469         —         —   

Total

      1,019,043,300         15,359,747         73,744   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         6,040         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (1,462 )       —   

Total - Net

    $ 1,019,043,300       $ 15,364,325       $ 73,744   
        
Middle East Dividend Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 13,883,289       $ —       $ —   

Money Market Funds

      —         4,567         —   

Total

      13,883,289         4,567         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (16 )       —   

Total - Net

    $ 13,883,289       $ 4,551       $ —   
        
International Hedged Equity Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks

                           

Australia

    $ 2,708,898       $ 2,270       $ —   

Spain

      1,143,008         100         —   

Other*

      17,968,140         —         —   

Money Market Funds

      —         631,404         —   

Exchange-Traded Funds

      34,707         —         —   

Total

      21,854,753         633,774         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         206,597         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (24,364 )       —   

Total - Net

    $ 21,854,753       $ 816,007       $ —   

 

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Table of Contents

Notes to Financial Statements (continued)

 

 

Commodity Country Equity Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 31,230,624       $ —       $ —   

Money Market Funds

      —         2,944,521         —   

Exchange-Traded Funds

      12,952         —         —   

Total

      31,243,576         2,944,521         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         1         —   

Total - Net

    $ 31,243,576       $ 2,944,522       $ —   

 

Global Natural Resources Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 31,207,258       $ —       $ —   

Money Market Funds

      —         1,242,130         —   

Exchange-Traded Funds

      175,429         —         —   

Total

      31,382,687         1,242,130         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         2         —   

Total - Net

    $ 31,382,687       $ 1,242,132       $ —   

 

Global ex-U.S. Utilities Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 29,892,976       $ —       $ —   

Money Market Funds

      —         4,222,654         —   

Exchange-Traded Funds

      158,501         —         —   

Total

    $ 30,051,477       $ 4,222,654       $ —   

 

Global ex-U.S. Real Estate Fund    Level 1      Level 2      Level 3  

Investments in Securities

                           

Common Stocks*

    $ 107,843,095       $ —       $ —   

Money Market Funds

      —         9,247,240         —   

Total

      107,843,095         9,247,240         —   

Unrealized Appreciation on Forward Foreign Currency Contracts

      —         549         —   

Unrealized Depreciation on Forward Foreign Currency Contracts

      —         (1,525 )       —   

Total - Net

    $ 107,843,095       $ 9,246,264       $ —   

*   Please refer to Schedule of Investments for a breakdown of the valuation by industry type and country.

      

The following is a reconciliation of assets in which significant unobservable inputs (Level 3) were used in determining fair value. All transfers in or out of Level 3 are done using the beginning of period method. For the fiscal year ended March 31, 2012, there were no transfers in or out of Level 3.

 

Europe SmallCap Dividend Fund    Common Stocks  

Balance as of April 1, 2011

    $ —   

Realized gain (loss)1

      (4,227 ) 

Change in unrealized appreciation (depreciation)2

      (125,018 ) 

Purchases

      56,641   

Sales

      (10,184 ) 

Transfers into Level 33

      82,788   

Transfers out of Level 34

      —   

Balance as of March 31, 2012

    $ —   

Net change in unrealized appreciation/(depreciation) from investments still held as of March 31, 2012 is:2

    $ (207,088 ) 

 

160   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

 

International SmallCap Dividend Fund    Common Stocks  

Balance as of April 1, 2011

    $ —   

Realized gain (loss)1

      (964,065 ) 

Change in unrealized appreciation (depreciation)2

      571,580   

Purchases

      214,015   

Sales

      (288,637 ) 

Transfers into Level 33

      467,107   

Transfers out of Level 34

      —   

Balance as of March 31, 2012

    $ —   

Net change in unrealized appreciation/(depreciation) from investments still held as of March 31, 2012 is:2

    $ (210,464 ) 

 

Emerging Markets Equity Income Fund   

Common Stocks

  

Balance as of April 1, 2011

    $ —   

Realized gain (loss)1

      —   

Change in unrealized appreciation (depreciation)2

      (1,741 ) 

Purchases

      57,346   

Sales

      —   

Transfers into Level 33

   

Transfers out of Level 34

      —   

Balance as of March 31, 2012

    $ 55,605   

Net change in unrealized appreciation/(depreciation) from investments still held as of March 31, 2012 is:2

    $ (1,741 ) 

 

Emerging Market SmallCap Dividend Fund    Common Stocks  

Balance as of April 1, 2011

    $ —   

Realized gain (loss)1

      —   

Change in unrealized appreciation (depreciation)2

      (2,310 ) 

Purchases

      76,054   

Sales

      —   

Transfers into Level 33

   

Transfers out of Level 34

      —   

Balance as of March 31, 2012

    $ 73,744   

Net change in unrealized appreciation/(depreciation) from investments still held as of March 31, 2012 is:2

    $ (2,310 ) 

 

Middle East Dividend Fund    Common Stocks  

Balance as of April 1, 2011

    $ —   

Realized gain (loss)1

      (105,192 ) 

Change in unrealized appreciation (depreciation)2

      120,667   

Purchases

      —   

Sales

      (15,475 ) 

Transfers into Level 33

   

Transfers out of Level 34

      —   

Balance as of March 31, 2012

    $ —   
1 

This amount is included in net realized gain (loss) from investment transactions in the Statement of Operations.

 

2 

This amount is included in the net change in unrealized appreciation (depreciation) from investment transactions in the Statement of Operations. Change in unrealized appreciation (depreciation) includes net unrealized appreciation (depreciation) resulting from changes in investment values during the period and the reversal of previously recorded unrealized appreciation (depreciation) when gains or losses are realized.

 

3 

Transfers into Level 3 are as a result of the unavailability of a quoted price in an active market for an identical investment or the unavailability of other significant observable inputs.

 

4 

Transfers out of Level 3 are as a result of the availability of a quoted price in an active market for an identical investment or the availability of other significant observable inputs.

Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds have invested in derivatives, specifically forward foreign currency contracts for the fiscal year ended March 31, 2012 which are detailed in the table herein. The Funds’ derivative agreements contain credit-risk related contingent features which include, but are not limited to, a percentage decline in the Funds’ NAV or net assets over a specified time period. If an event occurred that triggered a contingent feature, the counterparty to the agreement may require the Funds to post additional collateral or terminate the derivative positions and demand payment. Any collateral posted with respect to the derivative positions would be used to offset or reduce the payment. The maximum exposure to derivatives agreements with credit-risk related contingent features would be the total value of derivatives in net liability positions for each Fund. As of March 31, 2012 the Funds did not have collateral posted with any counterparty.

 

WisdomTree International Dividend and Sector Funds      161   

Table of Contents

Notes to Financial Statements (continued)

 

The Funds listed below have invested in derivatives, specifically forward foreign currency contracts for the fiscal year ended March 31, 2012, which are detailed in the table herein. All of the derivative instruments disclosed and described herein are subject to credit risk. Credit risk is where the financial condition of an issuer of a security or instrument may cause it to default or become unable to pay interest or principal due on the security. The counterparty to a derivative contract might default on its obligations. The effect of such derivative instruments on each Fund’s financial position and financial performance as reflected in the Statements of Assets and Liabilities and Statements of Operations are presented in the summary below.

 

Derivatives not designated as hedging
instruments, carried at fair value		   Asset Derivatives      Liability Derivatives  
 

 

  
  Balance Sheet Location    Fair Value      Balance Sheet Location    Fair Value  

DEFA Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts    $ 118       Unrealized depreciation on forward foreign currency contracts    $ —   

Global Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      57       Unrealized depreciation on forward foreign currency contracts      —   

Europe SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      465       Unrealized depreciation on forward foreign currency contracts      —   
 

 

  

Equity contracts

   Investment in securities      188              —   

Japan Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      8,806,044       Unrealized depreciation on forward foreign currency contracts      348,516   

Global ex-U.S. Growth Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      —       Unrealized depreciation on forward foreign currency contracts      16   

Japan SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      795       Unrealized depreciation on forward foreign currency contracts      —   

International SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      —       Unrealized depreciation on forward foreign currency contracts      389   

Emerging Markets Equity Income Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      —       Unrealized depreciation on forward foreign currency contracts      17,420   

Emerging Markets SmallCap Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      6,040       Unrealized depreciation on forward foreign currency contracts      1,462   
 

 

  

Equity contracts

   Investment in securities      8,314              —   

Middle East Dividend Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      —       Unrealized depreciation on forward foreign currency contracts      16   

International Hedged Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      206,598       Unrealized depreciation on forward foreign currency contracts      24,365   

Commodity Country Equity Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      1       Unrealized depreciation on forward foreign currency contracts      —   

Global Natural Resources Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      2       Unrealized depreciation on forward foreign currency contracts      —   

Global ex-U.S. Real Estate Fund

           

Foreign exchange contracts

   Unrealized appreciation on forward foreign currency contracts      549       Unrealized depreciation on forward foreign currency contracts      1,525   

 

162   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

Gain or (Loss) associated with derivatives outstanding throughout the fiscal year ended March 31, 2012 are as follows:

 

Derivatives not designated as hedging instruments, carried at fair value   Amount of Realized
Gain or (Loss) on Derivatives
Recognized1		      Change in Unrealized
Appreciation or (Depreciation) on
Derivatives Recognized2		  

DEFA Fund

     

Foreign exchange contracts

   $ 30,399       $ 2,807   

DEFA Equity Income Fund

     

Foreign exchange contracts

     (17,553 )       118   

Global Equity Income Fund

     

Foreign exchange contracts

     12,662         (158 ) 

Europe SmallCap Dividend Fund

     

Foreign exchange contracts

     21,399         465   
 

 

 

  

Equity contracts

     —         188   

Japan Hedged Equity Fund

     

Foreign exchange contracts

     (18,182,967 )       (399,517 ) 

Global ex-U.S. Growth Fund

     

Foreign exchange contracts

     12,188         (16 ) 

Japan SmallCap Dividend Fund

     

Foreign exchange contracts

     (1,989 )       795   

Asia-Pacific ex-Japan Fund

     

Foreign exchange contracts

     (133,694 )       (82 ) 
 

 

 

  

Equity contracts

     —         (60 ) 

Australia Dividend Fund

     

Foreign exchange contracts

     (11,341 )       10   

International LargeCap Dividend Fund

     

Foreign exchange contracts

     3,431         —   

International Dividend ex-Financials Fund

     

Foreign exchange contracts

     (168,446 )       —   

International MidCap Dividend Fund

     

Foreign exchange contracts

     (37,526 )       —   

International SmallCap Dividend Fund

     

Foreign exchange contracts

     (52,267 )       1,778   

Emerging Markets Equity Income Fund

     

Foreign exchange contracts

     (5,189,858 )       (17,420 ) 

Emerging Markets SmallCap Dividend Fund

     

Foreign exchange contracts

     (992,216 )       (3,457 ) 
 

 

 

  

Equity contracts

     —         (238,456 ) 

Middle East Dividend Fund

     

Foreign exchange contracts

     (7,265 )       (8 ) 

International Hedged Equity Fund

     

Foreign exchange contracts

     39,249         432,779   

Commodity Country Equity Fund

     

Foreign exchange contracts

     27,570         (57 ) 

Global Natural Resources Fund

     

Foreign exchange contracts

     (227,867 )       (2 ) 

Global ex-U.S. Utilities Fund

     

Foreign exchange contracts

     (97,172 )       —   

Global ex-U.S. Real Estate Fund

     

Foreign exchange contracts

     (84,148 )       (898 ) 

1   Realizedgains (losses) on derivatives are located on the Statement of Operations as follows:

  

   

 

Foreign exchange contracts

    Net realized gain (loss) from forward foreign currency contracts
and foreign currency related transactions.

2   Changein unrealized appreciation (depreciation) is located on the Statement of Operations as follows:

 

Foreign exchange contracts

    Net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies.

Equity contracts

    Net change in unrealized appreciation (depreciation) from investment transactions.

 

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During the fiscal year ended March 31, 2012, the volume of derivative activity for the Funds was as follows:

 

      Average Notional  
Fund    Forward foreign
currency
contracts
(to deliver)		      Forward foreign
currency
contracts
(to receive)		  

DEFA Fund

      

Forward exchange contracts

    $ —       $ 58,646   

DEFA Equity Income Fund

      

Forward exchange contracts

      33,610         19,322   

Global Equity Income Fund

      

Forward exchange contracts

      10,539         25,187   

Europe SmallCap Dividend Fund

      

Forward exchange contracts

      19,902         8,706   

Japan Hedged Equity Fund

      

Forward exchange contracts

      214,262,686         718,171,658   

Global ex-U.S. Growth Fund

      

Forward exchange contracts

      7,728         8,316   

Japan SmallCap Dividend Fund

      

Forward exchange contracts

      79,173         60,081   

Asia Pacific ex-Japan Fund

      

Forward exchange contracts

      15,465         46,260   

Australia Dividend Fund

      

Forward exchange contracts

      6,154         1,776   

International LargeCap Dividend Fund

      

Forward exchange contracts

      22,048         27,351   

International Dividend ex-Financials Fund

      

Forward exchange contracts

      87,853         101,104   

International MidCap Dividend Fund

      

Forward exchange contracts

      —         66,690   

International SmallCap Dividend Fund

      

Forward exchange contracts

      241,539         401,367   

Emerging Markets Equity Income Fund

      

Forward exchange contracts

      3,069,559         701,246   

Emerging Markets SmallCap Dividend Fund

      

Forward exchange contracts

      1,036,376         103,813   

Middle East Dividend Fund

      

Forward exchange contracts

      8,907         23,260   

International Hedged Equity Fund

      

Forward exchange contracts

      7,890,166         26,842,637   

Commodity Country Equity Fund

      

Forward exchange contracts

      —         6,634   

Global Natural Resources Fund

      

Forward exchange contracts

      4,072         22,769   

Global ex-U.S. Utilities Fund

      

Forward exchange contracts

      223         9,477   

Global ex-U.S. Real Estate Fund

      

Forward exchange contracts

      56,336         21,430   

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

Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using

 

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exchange rates prevailing on the respective dates of such transactions that are deemed, appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies in the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.

Expenses/Reimbursements — WTAM has agreed to pay all expenses of the Funds (other than the Middle East Dividend Fund and International Hedged Equity 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 (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.

Pursuant to a separate contractual arrangement, WTAM has arranged for the provision of 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 $221,190 have been paid on behalf of the Funds of the Trust to the Independent Trustees for the fiscal year ended March 31, 2012. 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% and International Hedged Equity Fund to 0.58% through July 31, 2013.

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, other than Japan Hedged Equity Fund and International Hedged Equity Fund, do not expect to engage in currency transactions for the purpose of hedging against declines in the value of a Fund’s assets that are denominated in one or more foreign currencies. The Funds may not enter into such contracts for speculative purposes.

Forward Foreign Currency Contracts— A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally has no margin deposit requirement, and no commissions are charged at any stage for trades.

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 Contracts by the Funds. Realized gains and losses on Forward Contracts include net gains or losses recognized by the Funds on contracts which have matured.

The following Forward Contracts were open at March 31, 2012:

 

Fund Name    Settlement Date           Contracts
To Deliver		             In
Exchange For		      Unrealized
Gain (Loss)		  

DEFA Equity Income Fund

    4/03/12      AUD        13,705         USD        14,213       $ 16   
   4/03/12      EUR        9,608         USD        12,819         24   
   4/03/12      SEK        208,969         USD        31,571         78   
                                            $ 118   

Global Equity Income Fund

    4/02/12      CAD        12,024         USD        12,054       $ 23   
   4/03/12      EUR        3,919         USD        5,228         9   

 

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Fund Name    Settlement Date           Contracts
To Deliver		             In
Exchange For		      Unrealized
Gain (Loss)		  
   4/03/12      HKD        42,405         USD        5,462       $ —   
   4/03/12      SEK        58,984         USD        8,914         25   
                                            $ 57   

Europe SmallCap Dividend Fund

    4/03/12      USD        28,275         DKK        158,396       $ 78   
          USD        43,311         NOK        249,256         387   
                                            $ 465   

Japan Hedged Equity Fund

    4/02/12      USD        803,703         JPY        66,536,858       $ 4,814   
   4/04/12      USD        222,663,790         JPY        18,324,116,636         1,493   
   4/04/12      USD        163,149,778         JPY        13,426,313,099         (96 ) 
   4/04/12      USD        184,086,586         JPY        15,149,221,521         (1,003 ) 
   4/04/12      USD        7,823,799         JPY        643,859,517         —   
   4/04/12      JPY        13,845,885,382         USD        171,107,965         2,859,854   
   4/04/12      JPY        13,426,313,099         USD        165,922,875         2,773,192   
   4/04/12      JPY        14,685,029,951         USD        181,475,902         3,030,936   
   4/04/12      JPY        571,656,314         USD        7,082,229         135,755   
   4/04/12      JPY        286,874,852         USD        3,484,028         (1,928 ) 
   4/04/12      JPY        1,592,425,151         USD        19,264,994         (85,341 ) 
   4/04/12      JPY        444,804,973         USD        5,319,259         (85,783 ) 
   4/04/12      JPY        2,046,661,534         USD        24,710,554         (159,429 ) 
   5/07/12      JPY        17,517,600,013         USD        212,917,811         (6,470 ) 
   5/07/12      JPY        16,016,091,441         USD        194,671,262         (2,366 ) 
   5/07/12      JPY        16,516,594,298         USD        200,751,079         (6,100 ) 
                                            $ 8,457,528   

Global ex-U.S. Growth Fund

    4/02/12      KRW        7,859,729         USD        6,927       $ (10 ) 
   4/02/12      USD        5,737         TWD        169,150         (6 ) 
                                            $ (16 ) 

Japan SmallCap Dividend Fund

    4/03/12      USD        769,674         JPY        63,405,760       $ 795   

International SmallCap Dividend Fund

    4/02/12      GBP        89,500         USD        142,609       $ (389 ) 

Emerging Markets Equity Income Fund

    4/05/12      ZAR        19,200,000         USD        2,484,355       $ (17,420 ) 

Emerging Markets SmallCap Dividend Fund

    4/02/12      USD        1,213,017         BRL        2,217,395       $ 2,460   
   4/02/12      USD        304,683         IDR        2,795,463,037         1,033   
   4/02/12      USD        1,418,318         MYR        4,352,819         2,546   
   4/02/12      USD        675,100         PHP        28,971,924         (315 ) 
   4/02/12      USD        884,771         THB        27,259,798         (1,147 ) 
   4/03/12      USD        1,942         MYR        5,952         1   
                                            $ 4,578   

Middle East Dividend Fund

    4/02/12      AED        104,500         USD        28,449       $ (2 ) 
   4/02/12      QAR        18,700         USD        5,136         —   
   4/02/12      USD        14,435         KWD        4,007         (13 ) 
   4/02/12      OMR        1,463         USD        3,799         (1 ) 
                                            $ (16 ) 

International Hedged Equity Fund

    4/03/12      HKD        13,500         USD        1,738       $ —   
   4/04/12      AUD        2,349,294         USD        2,528,757         95,288   
   4/04/12      AUD        255,244         USD        268,252         3,863   
   4/04/12      AUD        2,700         USD        2,794         (3 ) 
   4/04/12      CHF        1,223,260         USD        1,358,318         4,916   
   4/04/12      CHF        133,947         USD        145,855         (2,342 ) 
   4/04/12      CHF        2,000         USD        2,215         3   
   4/04/12      DKK        7,000         USD        1,255         2   
   4/04/12      EUR        4,904,082         USD        6,560,975         30,185   

 

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Fund Name    Settlement Date           Contracts
To Deliver		             In
Exchange For		      Unrealized
Gain (Loss)		  
   4/04/12      EUR        526,694         USD        691,138       $ (10,263 ) 
   4/04/12      EUR        1,900         USD        2,535         4   
   4/04/12      GBP        2,472,018         USD        3,947,961         (1,680 ) 
   4/04/12      GBP        270,831         USD        425,283         (7,435 ) 
   4/04/12      JPY        229,157,532         USD        2,831,937         47,332   
   4/04/12      JPY        25,680,372         USD        317,763         5,709   
   4/04/12      JPY        250,000         USD        3,018         (20 ) 
   4/04/12      NOK        2,282,487         USD        410,103         9,965   
   4/04/12      NOK        243,906         USD        42,953         194   
   4/04/12      SEK        4,725,167         USD        717,620         5,528   
   4/04/12      SEK        499,026         USD        73,187         (2,017 ) 
   4/04/12      SEK        25,000         USD        3,777         9   
   4/04/12      SGD        538,279         USD        431,680         3,574   
   4/04/12      SGD        59,209         USD        46,883         (208 ) 
   4/04/12      USD        2,697,893         AUD        2,604,538         (34 ) 
   4/04/12      USD        11,509         AUD        11,110         —   
   4/04/12      USD        1,501,599         CHF        1,357,207         (1 ) 
   4/04/12      USD        6,530,766         EUR        4,904,082         24   
   4/04/12      USD        701,401         EUR        526,694         —   
   4/04/12      USD        62,887         EUR        47,223         —   
   4/04/12      USD        4,382,357         GBP        2,742,849         1   
   4/04/12      USD        3,096,677         JPY        254,837,904         (17 ) 
   4/04/12      USD        106,981         JPY        8,804,017         —   
   4/04/12      USD        442,900         NOK        2,526,393         (4 ) 
   4/04/12      USD        14,652         NZD        17,881         —   
   4/04/12      USD        787,302         SEK        5,224,193         (6 ) 
   4/04/12      USD        9,916         SEK        8,963         —   
   4/04/12      USD        475,196         SGD        597,488         —   
   4/05/12      USD        9,275         HKD        72,014         —   
   4/02/12      USD        25,014         GBP        15,656         —   
   5/03/12      AUD        2,723,111         USD        2,811,400         (79 ) 
   5/03/12      EUR        5,355,339         USD        7,132,669         (4 ) 
   5/03/12      GBP        2,717,265         USD        4,340,622         (50 ) 
   5/04/12      CHF        1,389,016         USD        1,537,265         (58 ) 
   5/04/12      NOK        2,474,017         USD        433,196         (17 ) 
   5/04/12      SEK        5,167,331         USD        777,749         (27 ) 
   5/04/12      SGD        617,153         USD        490,840         (1 ) 
   5/07/12      JPY        266,534,154         USD        3,239,592         (98 ) 
                                            $ 182,233   

Commodity Country Equity Fund

    4/02/12      NZD        10,000         USD        8,196       $ 1   

Global Natural Resources Fund

    4/03/12      CHF        2,300         USD        2,547       $ 2   

Global ex-U.S. Real Estate Fund

    4/02/12      AUD        19,005         USD        19,613       $ (75 ) 
   4/02/12      ILS        168,577         USD        45,105         (358 ) 
   4/02/12      SEK        150,863         USD        22,597         (139 ) 
   4/02/12      USD        44,090         ILS        163,407         (21 ) 
   4/02/12      USD        103,286         AUD        98,948         (781 ) 
   4/02/12      USD        43,499         EUR        32,643         (29 ) 
   4/02/12      USD        43,424         GBP        27,314         218   
   4/02/12      USD        35,360         JPY        2,937,174         331   
   4/02/12      USD        67,242         SGD        84,483         (51 ) 

 

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Fund Name    Settlement Date           Contracts
To Deliver		             In
Exchange For		      Unrealized
Gain (Loss)		  
   4/03/12      USD        63,993         SGD        80,433       $ (23 ) 
   4/04/12      USD        43,235         ZAR        331,629         (48 ) 
                                            $ (976 ) 

Currency Legend:

AED – UAE dirham

AUD – Australian dollar

BRL – Brazilian real

CAD – Canadian dollar

CHF – Swiss franc

CLP – Chilean peso

DKK – Danish krone

EUR – Euro

GBP – British pound

HKD – Hong Kong dollar

ILS – Israeli new shekel

JPY – Japanese yen

KRW – South Korean won

KWD – Kuwaiti dinar

MYR – Malaysian ringgit

NOK – Norwegian krone

NZD – New Zealand dollar

OMR – Omani rial

PHP – Philippines peso

QAR – Qatari riyal

SEK – Swedish krona

SGD – Singapore dollar

THB – Thai baht

TWD – New Taiwan dollar

USD – U.S. dollar

ZAR – South African rand

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.

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 include short-term obligations issued by the U.S. Government, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.

Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors’ at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance

 

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with the requirements of the Code and the U.S. Treasury regulations which may differ from GAAP. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profit for tax purposes, are reported for tax purposes as a return of capital to the extent of a shareholder’s tax basis, and thereafter as capital gain.

3. ADVISORY FEES AND TRANSACTIONS

WTAM has overall responsibility for the general management and administration of the Trust. WTAM also provides an investment program for each Fund. WTAM has arranged for Mellon Capital Management (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund administration, and all other non-distribution related services necessary for the Funds to operate. Under the Investment Advisory Agreement for each Fund, and as also described in Note 2, WTAM agrees to pay all expenses of the Funds (other than the Middle East Dividend Fund and the International Hedged Equity Fund), except compensation and expenses of the Independent Trustees, counsel to the Independent Trustees and the Trust’s CCO, 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. The Investment Advisory Agreement for the Middle East Dividend Fund and International Hedged Equity Fund does not require WTAM to pay any Fund expenses, except sub-advisory fees.

Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM has agreed to limit net annual operating expenses for the Middle East Dividend Fund to 0.88% and International Hedged Equity Fund to 0.58% through July 31, 2013. WTAM expects to receive fees from each Fund, based on a percentage of the Fund’s average daily net assets as shown in the following table:

 

Fund    Advisory Fee
Rate		  

DEFA Fund

      0.48 % 

DEFA Equity Income Fund

      0.58 % 

Global Equity Income Fund

      0.58 % 

Europe SmallCap Dividend Fund

      0.58 % 

Japan Hedged Equity Fund

      0.48 % 

Global ex-U.S. Growth Fund

      0.58 % 

Japan SmallCap Dividend Fund

      0.58 % 

Asia Pacific ex-Japan Fund

      0.48 % 

Australia Dividend Fund

      0.58 % 

International LargeCap Dividend Fund

      0.48 % 

International Dividend ex-Financials Fund

      0.58 % 

International MidCap Dividend Fund

      0.58 % 

International SmallCap Dividend Fund

      0.58 % 

Emerging Markets Equity Income Fund

      0.63 % 

Emerging Markets SmallCap Dividend Fund

      0.63 % 

Middle East Dividend Fund

      0.68 % 

International Hedged Equity Fund

      0.48 % 

Commodity Country Equity Fund

      0.58 % 

Global Natural Resources Fund

      0.58 % 

Global ex-U.S. Utilities Fund

      0.58 % 

Global ex-U.S. Real Estate Fund

      0.58 % 

 

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Table of Contents

Notes to Financial Statements (continued)

 

Each Fund may purchase shares of affiliated exchange trade funds in secondary market transactions. For the fiscal year ended March 31, 2012, WTAM waived a portion of its advisory fees based on each Fund’s investment in affiliated Funds. For Middle East Dividend Fund and International Hedged Equity Fund, WTAM waived a portion of its advisory fees to comply with expense limits currently in place for these Funds. The table below indicates the waiver amounts. Please see Note 7 for additional information on Other Affiliated Parties and Transactions.

 

Fund    Advisory Fees
Waived/Expense
Reimbursements		  

DEFA Fund

    $ 5,203   

DEFA Equity Income Fund

      2,245   

Global Equity Income Fund

      1,056   

Europe SmallCap Dividend Fund

      122   

Japan Hedged Equity Fund

      —   

Global ex-U.S. Growth Fund

      3,216   

Japan SmallCap Dividend Fund

      1,979   

Asia Pacific ex-Japan Fund

      7,180   

Australia Dividend Fund

      29   

International LargeCap Dividend Fund

      1,165   

International Dividend ex-Financials Fund

      4,056   

International MidCap Dividend Fund

      1,685   

International SmallCap Dividend Fund

      5,331   

Emerging Markets Equity Income Fund

      5,490   

Emerging Markets SmallCap Dividend Fund

      59,054   

Middle East Dividend Fund

      163,552   

International Hedged Equity Fund

      131,789   

Commodity Country Equity Fund

      243   

Global Natural Resources Fund

      1,257   

Global ex-U.S. Utilities Fund

      1,074   

Global ex-U.S. Real Estate Fund

      688   

4. CAPITAL SHARE TRANSACTIONS

As of March 31, 2012, there was an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in Creation Units or multiples thereof. Except when aggregated in Creation Units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of Creation Units of a Fund generally consist of the in-kind contribution of a designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant Fund’s underlying Index and an amount of cash. The Middle East Dividend Fund issues and redeems shares on a cash basis only. Investors purchasing and redeeming Creation Units may be charged a purchase transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units.

5. INVESTMENT PORTFOLIO TRANSACTIONS

Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the year ended March 31, 2012 were as follows:

 

Fund    Purchases      Sales  

DEFA Fund

    $ 107,820,391       $ 108,364,819   

DEFA Equity Income Fund

      46,839,242         46,722,625   

Global Equity Income Fund

      21,142,693         19,814,895   

Europe SmallCap Dividend Fund

      15,053,890         15,409,941   

Japan Hedged Equity Fund

      206,145,916         207,730,227   

Global ex-U.S. Growth Fund

      54,101,059         16,419,846   

Japan SmallCap Dividend Fund

      76,641,589         77,956,594   

Asia Pacific ex-Japan Fund

      50,642,579         45,999,355   

Australia Dividend Fund

      39,985,179         40,178,103   

International LargeCap Dividend Fund

      32,365,972         32,730,851   

 

170   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

Fund    Purchases      Sales  

International Dividend ex-Financials Fund

      64,307,389         63,856,245   

International MidCap Dividend Fund

    $ 62,103,346       $ 62,193,656   

International SmallCap Dividend Fund

      221,100,789         222,581,811   

Emerging Markets Equity Income Fund

      2,292,254,803         754,079,973   

Emerging Markets SmallCap Dividend Fund

      624,475,181         458,702,187   

Middle East Dividend Fund

      6,420,732         10,904,006   

International Hedged Equity Fund

      8,363,939         9,307,328   

Commodity Country Equity Fund

      41,577,231         43,168,969   

Global Natural Resources Fund

      39,961,432         40,614,887   

Global ex-U.S. Utilities Fund

      21,735,574         22,191,924   

Global ex-U.S. Real Estate Fund

      51,951,814         52,591,798   

For the year ended March 31, 2012, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:

 

Fund    Purchases      Redemptions  

DEFA Fund

    $ 33,688,678       $ 56,502,544   

DEFA Equity Income Fund

      59,749,475         —   

Global Equity Income Fund

      16,789,800         —   

Europe SmallCap Dividend Fund

      7,007,314         3,562,472   

Japan Hedged Equity Fund

      399,141,087         271,780,487   

Global ex-U.S. Growth Fund

      13,506,760         39,829,479   

Japan SmallCap Dividend Fund

      64,747,161         114,404,956   

Asia Pacific ex-Japan Fund

      44,703,893         44,798,479   

Australia Dividend Fund

      39,816,278         54,936,864   

International LargeCap Dividend Fund

      37,486,683         21,516,367   

International Dividend ex-Financials Fund

      231,561,609         14,010,429   

International MidCap Dividend Fund

      4,714,146         37,376,096   

International SmallCap Dividend Fund

      14,550,153         30,942,341   

Emerging Markets Equity Income Fund

      961,346,874         181,393,866   

Emerging Markets SmallCap Dividend Fund

      99,795,237         78,639,090   

Middle East Dividend Fund

      —         —   

International Hedged Equity Fund

      6,624,070         3,526,081   

Commodity Country Equity Fund

      —         7,617,429   

Global Natural Resources Fund

      3,967,584         12,778,545   

Global ex-U.S. Utilities Fund

      1,457,001         4,223,897   

Global ex-U.S. Real Estate Fund

      21,699,362         24,038,608   

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

6. FEDERAL INCOME TAXES

At March 31, 2012, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:

 

Fund    Tax Cost      Gross Unrealized
Appreciation		      Gross Unrealized
Depreciation		      Net Unrealized
Appreciation/
(Depreciation)		  

DEFA Fund

    $ 423,657,738       $ 33,908,836       $ (40,867,975 )     $ (6,959,139 ) 

DEFA Equity Income Fund

      202,851,429         10,184,848         (24,594,067 )       (14,409,219 ) 

Global Equity Income Fund

      94,791,487         8,127,689         (6,534,088 )       1,593,601   

Europe SmallCap Dividend Fund

      30,896,264         3,268,517         (2,950,693 )       317,824   

Japan Hedged Equity Fund

      777,450,077         22,100,373         (26,222,901 )       (4,122,528 ) 

Global ex-U.S. Growth Fund

      60,644,489         3,303,608         (5,542,707 )       (2,239,099 ) 

Japan SmallCap Dividend Fund

      206,638,204         15,260,481         (8,637,789 )       6,622,692   

Asia Pacific ex-Japan Fund

      91,618,542         5,329,859         (5,321,628 )       8,231   

 

WisdomTree International Dividend and Sector Funds      171   

Table of Contents

Notes to Financial Statements (continued)

 

Fund    Tax Cost      Gross Unrealized
Appreciation		      Gross Unrealized
Depreciation		      Net Unrealized
Appreciation/
(Depreciation)		  

Australia Dividend Fund

    $ 70,447,389       $ 3,506,487       $ (4,265,659 )     $ (759,172 ) 

International LargeCap Dividend Fund

      186,639,436         12,003,625         (19,189,916 )       (7,186,291 ) 

International Dividend ex-Financials Fund

      375,130,219         16,460,029         (18,274,384 )       (1,814,355 ) 

International MidCap Dividend Fund

      118,921,564         11,704,339         (12,722,415 )       (1,018,076 ) 

International SmallCap Dividend Fund

      437,997,630         63,607,872         (27,190,310 )       36,417,562   

Emerging Markets Equity Income Fund

      3,557,310,131         317,649,998         (157,715,595 )       159,934,403   

Emerging Markets SmallCap Dividend Fund

      1,010,228,726         121,728,995         (97,480,930 )       24,248,065   

Middle East Dividend Fund

      13,535,868         1,463,059         (1,111,071 )       351,988   

International Hedged Equity Fund

      22,092,151         1,927,051         (1,530,675 )       396,376   

Commodity Country Equity Fund

      34,604,783         1,745,703         (2,162,389 )       (416,686 ) 

Global Natural Resources Fund

      35,027,169         1,317,872         (3,720,224 )       (2,402,352 ) 

Global ex-U.S. Utilities Fund

      38,709,538         1,717,979         (6,153,386 )       (4,435,407 ) 

Global ex-U.S. Real Estate Fund

      126,062,170         2,329,708         (11,301,543 )       (8,971,835 ) 

At March 31, 2012, the components of accumulated earnings/(loss) on a tax-basis were as follows:

 

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

DEFA Fund

    $ 1,054,629       $ (223,554,150 )     $ (6,959,139 )     $ 32,500       $ (229,426,160 ) 

DEFA Equity Income Fund

      313,193         (75,774,301 )       (14,409,219 )       6,448         (89,863,879 ) 

Global Equity Income Fund

      175,826         (21,930,764 )       1,593,601         909         (20,160,428 ) 

Europe SmallCap Dividend Fund

      98,594         (25,798,423 )       317,824         (221 )       (25,382,226 ) 

Japan Hedged Equity Fund

      6,204,475         (35,675,445 )       (4,122,528 )       55,152         (33,538,346 ) 

Global ex-U.S. Growth Fund

      73,441         (13,502,295 )       (2,239,099 )       (905 )       (15,668,858 ) 

Japan SmallCap Dividend Fund

      2,595,885         (23,654,691 )       6,622,692         10,595         (14,425,519 ) 

Asia Pacific ex-Japan Fund

      3,141         (17,458,949 )       8,231         (3,925 )       (17,451,502 ) 

Australia Dividend Fund

      127,330         (16,254,629 )       (759,172 )       (13,683 )       (16,900,154 ) 

International LargeCap Dividend Fund

      310,663         (46,768,747 )       (7,186,291 )       15,337         (53,629,038 ) 

International Dividend ex-Financials Fund

      455,453         (145,192,070 )       (1,814,355 )       2,268         (146,548,704 ) 

International MidCap Dividend Fund

      477,602         (79,855,438 )       (1,018,076 )       1,173         (80,394,739 ) 

International SmallCap Dividend Fund

      3,191,318         (225,848,320 )       36,417,562         (13,302 )       (186,252,742 ) 

Emerging Markets Equity Income Fund

      5,819,234         (61,048,107 )       159,934,403         (129,990 )       104,575,540   

Emerging Markets SmallCap Dividend Fund

      8,436,161         (33,626,886 )       24,248,065         23,272         (919,388 ) 

Middle East Dividend Fund

      200,602         (8,113,137 )       351,988         (15 )       (7,560,562 ) 

International Hedged Equity Fund

      69,973         (1,829,594 )       396,376         4,322         (1,358,923 ) 

Commodity Country Equity Fund

      88,758         (14,942,355 )       (416,686 )       (301 )       (15,270,584 ) 

Global Natural Resources Fund

      17,759         (13,131,965 )       (2,402,352 )       (268 )       (15,516,826 ) 

Global ex-U.S. Utilities Fund

      68,845         (21,067,254 )       (4,435,407 )       (1,282 )       (25,435,098 ) 

Global ex-U.S. Real Estate Fund

      —         (51,535,281 )       (8,971,835 )       (527 )       (60,507,643 ) 

The tax character of distributions paid during the fiscal years ended March 31, 2012 and March 31, 2011, was as follows:

 

     

Year Ended

March 31, 2012

     Year Ended
March 31, 2011		  
Fund    Distributions Paid
from Ordinary
Income*		      Distributions Paid
from Return of
Capital		      Distributions Paid
from Ordinary
Income*		  

DEFA Fund

    $ 16,801,126       $ —       $ 14,637,890   

DEFA Equity Income Fund

      6,808,884         —         5,400,141   

Global Equity Income Fund

      3,425,601         —         2,060,172   

Europe SmallCap Dividend Fund

      1,249,779         —         772,916   

Japan Hedged Equity Fund

      9,560,131         —         1,252,279   

 

172   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

     

Year Ended March 31, 2012

     Year Ended
March 31, 2011		  
Fund    Distributions Paid
from Ordinary
Income*		      Distributions Paid
from Return of
Capital		      Distributions Paid
from Ordinary
Income*		  

Global ex-U.S. Growth Fund

    $ 1,502,577       $ —       $ 917,040   

Japan SmallCap Dividend Fund

      4,623,191         —         2,383,352   

Asia Pacific ex-Japan Fund

      2,604,968         —         3,365,676   

Australia Dividend Fund

      3,116,253         —         4,176,991   

International LargeCap Dividend Fund

      6,055,172         —         5,111,213   

International Dividend ex-Financials Fund

      8,893,281         —         6,504,988   

International MidCap Dividend Fund

      4,866,057         —         4,562,537   

International SmallCap Dividend Fund

      16,614,951         —         12,889,846   

Emerging Markets Equity Income Fund

      77,715,398         —         27,419,477   

Emerging Markets SmallCap Dividend Fund

      29,482,802         —         16,528,911   

Middle East Dividend Fund

      1,062,273         —         520,780   

International Hedged Equity Fund

      714,387         —         506,947   

Commodity Country Equity Fund

      1,222,114         —         781,200   

Global Natural Resources Fund

      1,347,737         —         1,511,977   

Global ex-U.S. Utilities Fund

      1,419,373         —         1,705,615   

Global ex-U.S. Real Estate Fund

      5,496,750         371,334         10,473,002   

*   Includes short-term capital gains.

         

At March 31, 2012, 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
Through 2018		     Capital Loss
Available
Through 2019		     Short-Term
Post-Effective*
No Expiration		     Long-Term
Post-Effective*
No Expiration		     Capital Loss
Available
Total		  

DEFA Fund

   $ —      $ —      $ 24,645,745      $ 187,173,747      $ 8,855,174      $ —      $ —      $ 220,674,666   

DEFA Equity Income Fund

     —        972,353        24,469,991        41,582,445        7,637,372        —        —        74,662,161   

Global Equity Income Fund

     —        —        5,329,783        15,414,669        807,956        —        —        21,552,408   

Europe SmallCap Dividend Fund

     —        801,152        6,092,078        16,382,086        2,102,724        —        —        25,378,040   

Japan Hedged Equity Fund

     61,971        147,026        456,605        3,305,242        9,431,908        16,533,492        5,739,201        35,675,445   

Global ex-U.S. Growth Fund

     —        638,234        3,657,374        8,823,117        —        342,850        —        13,461,575   

Japan SmallCap Dividend Fund

     6,631        450,744        2,793,131        13,069,045        3,661,232        1,639,554        1,675,217        23,295,554   

Asia Pacific ex-Japan Fund

     2,486        434,717        1,942,155        11,545,171        2,148,087        308,904        1,036,895        17,418,415   

Australia Dividend Fund

     —        23,230        2,237,436        10,402,798        2,670,223        —        —        15,333,687   

International LargeCap Dividend Fund

     12,856        911,666        10,714,056        21,950,675        8,092,071        —        4,492,385        46,173,709   

International Dividend ex-Financials Fund

     —        —        38,137,926        106,422,557        —        —        —        144,560,483   

International MidCap Dividend Fund

     —        2,200,353        10,045,031        49,400,362        11,183,904        —        5,899,541        78,729,191   

International SmallCap Dividend Fund

     —        2,417,649        31,684,635        176,126,796        6,365,431        —        4,976,546        221,571,057   

Emerging Markets Equity Income Fund

     —        166,963        3,240,763        32,150,807        561,494        19,858,526        —        55,978,553   

Emerging Markets SmallCap Dividend Fund

     —        —        4,224,150        9,367,814        4,882,951        11,327,466        —        29,802,381   

Middle East Dividend Fund

     —        —        41,648        6,522,827        763,315        —        63,224        7,391,014   

International Hedged Equity Fund

     —        —        —        108,824        1,617,839        —        100,103        1,826,766   

 

WisdomTree International Dividend and Sector Funds      173   

Table of Contents

Notes to Financial Statements (continued)

 

Fund   Capital Loss
Available
Through 2015		     Capital Loss
Available
Through 2016		     Capital Loss
Available
Through 2017		     Capital Loss
Available
Through 2018		     Capital Loss
Available
Through 2019		     Short-Term
Post-Effective*
No Expiration		     Long-Term
Post-Effective*
No Expiration		     Capital Loss
Available
Total		  

Commodity Country Equity Fund

   $ —      $ —      $ —      $ 11,126,004      $ 3,769,123      $ —      $ —      $ 14,895,127   

Global Natural Resources Fund

     —        45,822        1,245,793        4,858,681        6,793,018        —        112,746        13,056,060   

Global ex-U.S. Utilities Fund

     —        13,301        1,722,994        5,793,876        1,986,702        —        11,043,351        20,560,224   

Global ex-U.S. Real Estate Fund

     —        261,244        12,351,482        23,011,711        10,538,886        63,860        4,748,371        50,975,554   
  * Under the recently enacted Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period. Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The character of these losses is noted above.

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

During the year ended March 31, 2012, the following Funds incurred and will elect to defer post-October capital losses as follows.

 

Fund   

Short-Term

Post-October

Capital Losses

     

Long-Term

Post-October

Capital Losses

  

DEFA Fund

    $ 872,386       $ 2,007,098   

DEFA Equity Income Fund

      505,995         606,145   

Global Equity Income Fund

      134,025         244,331   

Europe SmallCap Dividend Fund

      292,424         127,959   

Japan Hedged Equity Fund

      —         —   

Global ex-U.S. Growth Fund

      40,720         —   

Japan SmallCap Dividend Fund

      108,913         250,224   

Asia Pacific ex-Japan Fund

      40,534         —   

Australia Dividend Fund

      906,117         14,825   

International LargeCap Dividend Fund

      39,160         555,878   

International Dividend ex-Financials Fund

      631,587         —   

International MidCap Dividend Fund

      452,470         673,777   

International SmallCap Dividend Fund

      4,182,196         95,067   

Emerging Markets Equity Income Fund

      5,069,554         —   

Emerging Markets SmallCap Dividend Fund

      3,824,505         —   

Middle East Dividend Fund

      66,180         655,943   

International Hedged Equity Fund

      2,828         —   

Commodity Country Equity Fund

      47,226         2   

Global Natural Resources Fund

      75,905         —   

Global ex-U.S. Utilities Fund

      160,980         346,050   

Global ex-U.S. Real Estate Fund

      110,158         449,569   

During the fiscal year ended March 31, 2012, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.

 

Fund    Utilized
Capital Loss
Carryforwards		  

DEFA Fund

    $ 8,061,534   

DEFA Equity Income Fund

      119,442   

Global Equity Income Fund

      1,848,914   

Europe SmallCap Dividend Fund

      315,537   

Japan Hedged Equity Fund

      —   

Global ex-U.S. Growth Fund

      —   

Japan SmallCap Dividend Fund

      —   

Asia Pacific ex-Japan Fund

      —   

Australia Dividend Fund

      269,416   

International LargeCap Dividend Fund

      —   

 

174   WisdomTree International Dividend and Sector Funds

Table of Contents

Notes to Financial Statements (continued)

 

Fund    Utilized
Capital Loss
Carryforwards		  

International Dividend ex-Financials Fund

    $ 3,851,358   

International MidCap Dividend Fund

      —   

International SmallCap Dividend Fund

      —   

Emerging Markets Equity Income Fund

      —   

Emerging Markets SmallCap Dividend Fund

      —   

Middle East Dividend Fund

      —   

International Hedged Equity Fund

      —   

Commodity Country Equity Fund

      2,740,530   

Global Natural Resources Fund

      —   

Global ex-U.S. Utilities Fund

      —   

Global ex-U.S. Real Estate Fund

      —   

At March 31, 2012, 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

    $ 11,932       $ 1,666,651       $ (1,678,583 ) 

DEFA Equity Income Fund

      (22,329 )       22,329         —   

Global Equity Income Fund

      (17,124 )       17,124         —   

Europe SmallCap Dividend Fund

      (950 )       171,829         (170,879 ) 

Japan Hedged Equity Fund

      (2,545,282 )       8,840,421         (6,295,139 ) 

Global ex-U.S. Growth Fund

      (82,754 )       (4,991,259 )       5,074,013   

Japan SmallCap Dividend Fund

      367,368         (8,463,631 )       8,096,263   

Asia Pacific ex-Japan Fund

      (142,333 )       (8,121,814 )       8,264,147   

Australia Dividend Fund

      16,333         (6,008,049 )       5,991,716   

International LargeCap Dividend Fund

      (36,304 )       (3,649,085 )       3,685,389   

International Dividend ex-Financials Fund

      (102,629 )       (441,454 )       544,083   

International MidCap Dividend Fund

      (4,437 )       (2,555,217 )       2,559,654   

International SmallCap Dividend Fund

      288,740         (3,931,320 )       3,642,580   

Emerging Markets Equity Income Fund

      (3,050,356 )       (31,424,055 )       34,474,411   

Emerging Markets SmallCap Dividend Fund

      5,289,587         (20,006,691 )       14,717,104   

Middle East Dividend Fund

      17,925         (17,925 )       —   

International Hedged Equity Fund

      (118,013 )       (527,071 )       645,084   

Commodity Country Equity Fund

      (28,264 )       (436,493 )       464,757   

Global Natural Resources Fund

      (61,608 )       989,300         (927,692 ) 

Global ex-U.S. Utilities Fund

      (51,774 )       (114,112 )       165,886   

Global ex-U.S. Real Estate Fund

      6,292,140         (5,737,155 )       (554,985 ) 

The differences are primarily due to redemptions-in-kind, currency gain/loss, Passive Foreign Investment Companies (“PFICs”), the tax treatment of income earned from investments in partnerships, non-deductible expenses, and non-dividend distributions from underlying investments.

GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income, net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of and during the fiscal year ended March 31, 2012, the Funds did not have any liabilities for unrecognized tax benefits relating to uncertain income tax positions they have taken or expect to take in the future. If applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in “Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2012, remains subject to examination by taxing authorities.

 

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Notes to Financial Statements (continued)

 

7. OTHER AFFILIATED PARTIES AND TRANSACTIONS

Affiliated holdings are Funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the year ended March 31, 2012 are as follows:

 

Affiliated Fund Name    Value at
3/31/2011		      Purchases/
Additions		      Sales/
Reductions		      Value at
3/31/2012		      Dividend
Income		  

DEFA Fund

                                             

International Dividend ex-Financials Fund

    $ 1,723,819       $ 14,896,488       $ 15,647,046       $ 388,791       $ 105,941   

DEFA Equity Income Fund

                                             

International LargeCap Dividend Fund

    $ 215,177       $ 6,406,513       $ 5,682,180       $ 820,710       $ 41,516   

Global Equity Income Fund

                                             

DEFA Equity Income Fund

    $ 170,446       $ 2,320,859       $ 2,254,754       $ 178,611       $ 13,791   

Equity Income Fund

      56,591         755,027         757,632         59,494         3,380   

Total

    $ 227,037       $ 3,075,886       $ 3,012,386       $ 238,105       $ 17,171   

Europe SmallCap Dividend Fund

                                             

International MidCap Dividend Fund

    $ 97,451       $ 1,070,192       $ 1,142,689       $ 1,251       $ 1,100   

Global ex-U.S. Growth Fund

                                             

DEFA Fund

    $ 77,100       $ 936,288       $ 896,685       $ 70,044       $ 1,196   

Emerging Markets Equity Income Fund

      51,882         613,417         588,846         46,606         941   

WisdomTree India Earnings Fund

      1,174,699         279,976         1,028,358         268,744         2,593   

Total

    $ 1,303,681       $ 1,829,681       $ 2,513,889       $ 385,394       $ 4,730   

Japan SmallCap Dividend Fund

                                             

Japan Hedged Equity Fund

    $ 572,259       $ 4,167,524       $ 4,694,678       $ —       $ 1,611   

Asia Pacific ex-Japan Fund

                                             

DEFA Fund

    $ 348,069       $ 71,314       $ 421,738       $ —       $ —   

Global ex-U.S. Real Estate Fund

      —         1,507,526         1,475,085         —         3,758   

WisdomTree India Earnings Fund

      —         2,644,991         167,177         2,198,209         14,507   

Total

    $ 348,069       $ 4,223,831       $ 2,064,000       $ 2,198,209       $ 18,265   

Australia Dividend Fund

                                             

Asia Pacific ex-Japan Fund

    $ 136,741       $ 283,901       $ 407,826       $ —       $ 2,406   

International LargeCap Dividend Fund

                                             

Asia Pacific ex-Japan Fund

    $ 390,104       $ 1,964,344       $ 2,275,091       $ —       $ 23,903   

International MidCap Dividend Fund

      —         2,377,381         2,321,893         30,021         6,191   

Total

    $ 390,104       $ 4,341,725       $ 4,596,984       $ 30,021       $ 30,094   

International Dividend ex-Financials Fund

                                             

International LargeCap Dividend Fund

    $ 160,763       $ 8,425,996       $ 8,390,720       $ 5,215       $ 44,723   

International MidCap Dividend Fund

                                             

Australia Dividend Fund

    $ —       $ 1,209,045       $ 1,136,659       $ 41,611       $ 6,861   

International LargeCap Dividend Fund

      266,492         890,937         1,131,035         —         7,883   

International SmallCap Dividend Fund

      271,398         894,324         1,125,625         —         7,177   

Japan Hedged Equity Fund

      —         1,205,585         1,181,219         41,402         1,741   

Total

    $ 537,890       $ 4,199,891       $ 4,574,538       $ 83,013       $ 23,662   

International SmallCap Dividend Fund

                                             

Europe SmallCap Dividend Fund

    $ 724,750       $ 1,615,746       $ 2,094,314       $ 126,577       $ 29,179   

Japan SmallCap Dividend Fund

      1,376,837         7,943,026         9,352,490         105,609         11,778   

Total

    $ 2,101,587       $ 9,558,772       $ 11,446,804       $ 232,186       $ 40,957   

 

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Notes to Financial Statements (continued)

 

Affiliated Fund Name    Value at
3/31/2011		      Purchases/
Additions		      Sales/
Reductions		      Value at
3/31/2012		      Dividend
Income		  

Emerging Markets Equity Income Fund

                                             

Emerging Markets SmallCap Dividend Fund

    $ —       $ 1,062,091       $ 1,076,181       $ —       $ —   

Global Equity Income Fund

      1,907,623         6,501,608         6,058,925         2,136,100         83,246   

Total

    $ 1,907,623       $ 7,563,699       $ 7,135,106       $ 2,136,100       $ 83,246   

Emerging Markets SmallCap Dividend Fund

                                             

Emerging Markets Equity Income Fund

    $ 4,661,410       $ 19,635,924       $ 22,203,235       $ 831,370       $ 26,496   

WisdomTree India Earnings Fund

      10,123,269         8,878,251         8,983,683         7,457,099         53,334   

Total

    $ 14,784,679       $ 28,514,175       $ 31,186,918       $ 8,288,469       $ 79,830   

International Hedged Equity Fund

                                             

DEFA Fund

    $ —       $ 925,090       $ 859,304       $ 34,707       $ 2,132   

Commodity Country Equity Fund

                                             

DEFA Fund

    $ 33,107       $ 295,128       $ 323,402       $ —       $ 142   

Global Natural Resources Fund

      —         474,938         436,898         12,952         905   

Total

    $ 33,107       $ 770,066       $ 760,300       $ 12,952       $ 1,047   

Global Natural Resources Fund

                                             

DEFA Fund

    $ 121,839       $ 322,526       $ 440,265       $ —       $ —   

Global Equity Income Fund

      —         852,037         812,248         —         1,231   

WisdomTree India Earnings Fund

      —         287,360         66,664         175,429         1,268   

Total

    $ 121,839       $ 1,461,923       $ 1,319,177       $ 175,429       $ 2,499   

Global ex-U.S. Utilities Fund

                                             

DEFA Fund

    $ 107,423       $ 506,131       $ 608,441       $ —       $ —   

Global ex-U.S. Real Estate Fund

      —         469,618         454,420         —         639   

WisdomTree India Earnings Fund

      —         246,732         53,691         158,501         1,139   

Total

    $ 107,423       $ 1,222,481       $ 1,116,552       $ 158,501       $ 1,778   

Global ex-U.S. Real Estate Fund

                                             

DEFA Fund

    $ 165,534       $ 693,736       $ 844,165       $ —       $ 4,433   

Global Natural Resources Fund

      —         1,974,448         1,861,665         —         8,518   

Total

    $ 165,534       $ 2,668,184       $ 2,705,830       $ —       $ 12,951   

8. NEW ACCOUNTING PRONOUNCEMENTS

In April 2011, the FASB issued Accounting Standards Update (“ASU”) 2011-03 “Reconsideration of Effective Control for Repurchase Agreements” (“ASU 2011-03”). The objective of ASU 2011-03 is to improve the accounting for repurchase agreements and similar agreements that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity. This guidance is effective prospectively for interim and annual reporting periods beginning on or after December 15, 2011. ASU 2011-03 modifies the criteria for determining effective control of transferred assets and as a result certain agreements may now be accounted for as secured borrowings. ASU 2011-03 is effective prospectively for new transfers and existing transactions that are modified in the first interim or annual period beginning on or after December 15, 2011. Management is currently evaluating the implications of this change and its impact on the financial statements.

In May 2011, the FASB issued ASU 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS” (“ASU 2011-04”). ASU 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 will require reporting entities to disclose the following information for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. In addition, ASU 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. At this time, management is evaluating the implications of ASU 2011-04 and its impact on the financial statements.

 

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Notes to Financial Statements (concluded)

 

In December 2011, FASB issued ASU 2011-11 “Disclosures about Offsetting Assets and Liabilities”. The amendments in this ASU require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. The ASU is effective for annual reporting periods beginning on or after January 1, 2013, and for interim periods within those annual reporting periods. The guidance requires retrospective application for all comparative periods presented. Management is currently evaluating the implications of ASU 2011-11 and its impact on the financial statements.

9. LEGAL MATTER

On December 1, 2011, Research Affiliates, LLC filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its affiliates, along with other parties, as defendants. The complaint alleges that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint seeks both unspecified monetary damages to be determined and an injunction to prevent further infringement. The Trust filed its answer to the complaint on January 17, 2012. The Trust believes it has strong defenses to this lawsuit based on its belief that (i) the Trust’s Funds do not practice the indexing methods as claimed in the asserted patents because, for example, the factors used to select Fund assets include market capitalization and the price of the assets, and thus fall outside the scope of the asserted patents, which generally provide that selection of the assets to be used for creation of the index must be based upon factors that are sufficiently independent of market capitalization; and (ii) the patents should be declared invalid because, among other reasons, there is ample evidence that the concept of fundamentals based indexing was widely known and in commercial use by asset managers and index providers well before the patent applications at issue were filed by plaintiff. For example, in support of the defenses that the asserted patents are invalid, the Trust intends to present evidence that as far back as the early 1990s, Robert Jones at Goldman Sachs managed an earnings weighted index fund. As another example, the Trust intends to present evidence that Dow Jones launched a dividend weighted stock index in 2003. These examples support the Trust’s view that the asserted patents are invalid at least because earlier publications and activities of investment professionals anticipated or made obvious plaintiff’s alleged inventions.

While at this early stage of the proceedings it is not possible to determine the probability of any outcome or the probability or amount of any loss, the Trust is confident in the merits of its position. Nevertheless, an adverse resolution could have a negative impact on the Trust and the Funds. For example, in the event of an unfavorable outcome the Trust may be required to pay ongoing license fees if WisdomTree Investments cannot change its indexes in a manner that does not infringe on the patents. This could increase the Funds’ expense ratios and have a negative impact on Fund performance. WTAM and WisdomTree Investments have contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint. The Trust intends to vigorously defend against plaintiff’s claims.

 

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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 DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Global ex-U.S. Growth Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Asia Pacific ex-Japan Fund, WisdomTree Australia Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund, WisdomTree International Hedged Equity Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Global Natural Resources Fund, WisdomTree Global ex-U.S. Utilities Fund and WisdomTree Global ex-U.S. Real Estate Fund (twenty-one of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2012, 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 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, 2012, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree DEFA Fund, WisdomTree DEFA Equity Income Fund, WisdomTree Global Equity Income Fund, WisdomTree Europe SmallCap Dividend Fund, WisdomTree Japan Hedged Equity Fund, WisdomTree Global ex-US Growth Fund, WisdomTree Japan SmallCap Dividend Fund, WisdomTree Asia Pacific ex-Japan Fund, WisdomTree Australia Dividend Fund, WisdomTree International LargeCap Dividend Fund, WisdomTree International Dividend ex-Financials Fund, WisdomTree International MidCap Dividend Fund, WisdomTree International SmallCap Dividend Fund, WisdomTree Emerging Markets Equity Income Fund, WisdomTree Emerging Markets SmallCap Dividend Fund, WisdomTree Middle East Dividend Fund, WisdomTree International Hedged Equity Fund, WisdomTree Commodity Country Equity Fund, WisdomTree Global Natural Resources Fund, WisdomTree Global ex-U.S. Utilities Fund and WisdomTree Global ex-U.S. Real Estate Fund of WisdomTree Trust at March 31, 2012, 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.

 

LOGO

New York, New York

May 25, 2012

 

WisdomTree International Dividend and Sector Funds      179   

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

 

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 1, 2012, the Board of Trustees (the “Board”) re-approved the Investment Advisory Agreement for each 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; and (v) whether the fee levels reflect these economies of scale for the benefit of investors’.

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, 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 for each Fund. 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 re-approved the Sub-Advisory Agreement between WTAM and MCM, on behalf of each Fund, using essentially the same criteria it used in connection with the Advisory Agreement. 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, an affiliate of MCM, serves as the Funds’ administrator, accountant, custodian, transfer agent and securities lending 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 for each Fund.

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 re-approval of the Advisory

Agreement and the Sub-Advisory Agreement for each Fund 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 for each Fund.

 

180   WisdomTree International Dividend and Sector 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		  
      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, 2012

      0 – 24.9         212         13.95 %       112         7.37 % 
     25 – 49.9         257         16.91 %       105         6.91 % 
     50 – 74.9         231         15.20 %       69         4.54 % 
     75 – 99.9         135         8.88 %       52         3.42 % 
     100 – 124.9         78         5.13 %       36         2.37 % 
     125 – 174.9         81         5.33 %       58         3.82 % 
     175 – 199.9         13         0.86 %       12         0.79 % 
     200 – 249.9         17         1.12 %       13         0.86 % 
     >250         19         1.25 %       20         1.32 % 
       Total        1043         68.62 %       477         31.38 % 

WisdomTree DEFA Equity Income Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         192         12.63 %       157         10.33 % 
     25 – 49.9         218         14.34 %       124         8.16 % 
     50 – 74.9         224         14.74 %       71         4.67 % 
     75 – 99.9         150         9.87 %       52         3.42 % 
     100 – 124.9         67         4.41 %       45         2.96 % 
     125 – 174.9         61         4.01 %       46         3.03 % 
     175 – 199.9         17         1.12 %       15         0.99 % 
     200 – 249.9         21         1.38 %       22         1.45 % 
     >250         20         1.32 %       18         1.18 % 
       Total        970         63.82 %       550         36.18 % 

WisdomTree Global Equity Income Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         230         15.13 %       147         9.67 % 
     25 – 49.9         263         17.30 %       85         5.59 % 
     50 – 74.9         233         15.33 %       56         3.68 % 
     75 – 99.9         171         11.25 %       47         3.09 % 
     100 – 124.9         92         6.05 %       31         2.04 % 
     125 – 174.9         60         3.95 %       31         2.04 % 
     175 – 199.9         10         0.66 %       7         0.46 % 
     200 – 249.9         13         0.86 %       9         0.59 % 
     >250         18         1.18 %       17         1.12 % 
       Total        1090         71.71 %       430         28.29 % 

WisdomTree Europe SmallCap Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         204         13.42 %       180         11.84 % 
     25 – 49.9         171         11.25 %       150         9.87 % 
     50 – 74.9         155         10.20 %       103         6.78 % 
     75 – 99.9         95         6.25 %       84         5.53 % 
     100 – 124.9         54         3.55 %       76         5.00 % 
     125 – 174.9         48         3.16 %       87         5.72 % 
     175 – 199.9         10         0.66 %       26         1.71 % 
     200 – 249.9         18         1.18 %       13         0.86 % 
     >250         13         0.86 %       33         2.17 % 
       Total        768         50.53 %       752         49.47 % 

 

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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 Hedged Equity Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         158         10.39 %       140         9.21 % 
     25 – 49.9         148         9.74 %       115         7.57 % 
     50 – 74.9         156         10.26 %       85         5.59 % 
     75 – 99.9         129         8.49 %       68         4.47 % 
     100 – 124.9         89         5.86 %       46         3.03 % 
     125 – 174.9         90         5.92 %       97         6.38 % 
     175 – 199.9         29         1.91 %       18         1.18 % 
     200 – 249.9         25         1.64 %       26         1.71 % 
     >250         37         2.43 %       64         4.21 % 
       Total        861         56.64 %       659         43.36 % 

WisdomTree Global ex-U.S.Growth Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         169         11.12 %       149         9.80 % 
     25 – 49.9         177         11.64 %       99         6.51 % 
     50 – 74.9         195         12.83 %       80         5.26 % 
     75 – 99.9         140         9.21 %       69         4.54 % 
     100 – 124.9         89         5.86 %       41         2.70 % 
     125 – 174.9         71         4.67 %       61         4.01 % 
     175 – 199.9         16         1.05 %       24         1.58 % 
     200 – 249.9         24         1.58 %       34         2.24 % 
     >250         34         2.24 %       48         3.16 % 
       Total        915         60.20 %       605         39.80 % 

WisdomTree Japan SmallCap Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         164         10.79 %       133         8.75 % 
     25 – 49.9         173         11.38 %       134         8.82 % 
     50 – 74.9         135         8.88 %       90         5.92 % 
     75 – 99.9         117         7.70 %       74         4.87 % 
     100 – 124.9         84         5.53 %       46         3.03 % 
     125 – 174.9         93         6.12 %       87         5.72 % 
     175 – 199.9         19         1.25 %       20         1.32 % 
     200 – 249.9         25         1.64 %       41         2.70 % 
     >250         38         2.50 %       47         3.09 % 
       Total        848         55.79 %       672         44.21 % 

WisdomTree Asia Pacific ex-Japan Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         168         11.05 %       160         10.53 % 
     25 – 49.9         195         12.83 %       118         7.76 % 
     50 – 74.9         128         8.42 %       79         5.20 % 
     75 – 99.9         104         6.84 %       53         3.49 % 
     100 –124.9         66         4.34 %       59         3.88 % 
     125 –174.9         96         6.32 %       74         4.87 % 
     175 –199.9         27         1.78 %       22         1.45 % 
     200 –249.9         30         1.97 %       39         2.57 % 
     >250         36         2.37 %       66         4.34 % 
       Total        850         55.92 %       670         44.08 % 

WisdomTree Australia Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         172         11.32 %       136         8.95 % 
     25 – 49.9         177         11.64 %       112         7.37 % 
     50 – 74.9         152         10.00 %       82         5.39 % 
     75 – 99.9         103         6.78 %       61         4.01 % 
     100 –124.9         67         4.41 %       57         3.75 % 
     125 –174.9         85         5.59 %       82         5.39 % 
     175 –199.9         26         1.71 %       21         1.38 % 
     200 –249.9         34         2.24 %       41         2.70 % 
     >250         35         2.30 %       77         5.07 % 
       Total        851         55.99 %       669         44.01 % 

 

182   WisdomTree International Dividend and Sector 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 International LargeCap Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         205         13.49 %       151         9.93 % 
     25 – 49.9         277         18.22 %       79         5.20 % 
     50 – 74.9         202         13.29 %       66         4.34 % 
     75 – 99.9         154         10.13 %       51         3.36 % 
     100 –124.9         70         4.61 %       45         2.96 % 
     125 –174.9         72         4.74 %       48         3.16 % 
     175 –199.9         17         1.12 %       12         0.79 % 
     200 –249.9         19         1.25 %       10         0.66 % 
     >250         24         1.58 %       18         1.18 % 
       Total        1040         68.42 %       480         31.58 % 

WisdomTree International Dividend ex-Financials Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         204         13.42 %       170         11.18 % 
     25 – 49.9         238         15.66 %       110         7.24 % 
     50 – 74.9         208         13.68 %       65         4.28 % 
     75 – 99.9         110         7.24 %       47         3.09 % 
     100 –124.9         76         5.00 %       51         3.36 % 
     125 –174.9         68         4.47 %       58         3.82 % 
     175 –199.9         18         1.18 %       20         1.32 % 
     200 –249.9         18         1.18 %       14         0.92 % 
     >250         16         1.05 %       29         1.91 % 
       Total        956         62.89 %       564         37.11 % 

WisdomTree International MidCap Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         199         13.09 %       205         13.49 % 
     25 – 49.9         204         13.42 %       155         10.20 % 
     50 – 74.9         185         12.17 %       78         5.13 % 
     75 – 99.9         79         5.20 %       62         4.08 % 
     100 –124.9         65         4.28 %       51         3.36 % 
     125 –174.9         56         3.68 %       77         5.07 % 
     175 –199.9         15         0.99 %       19         1.25 % 
     200 –249.9         7         0.46 %       19         1.25 % 
     >250         16         1.05 %       28         1.84 % 
       Total        826         54.34 %       694         45.66 % 

WisdomTree International SmallCap Dividend Fund

               

June 16, 2006 – March 31, 2012

      0 –24.9         185         12.17 %       140         9.21 % 
     25 –49.9         224         14.74 %       109         7.17 % 
     50 –74.9         178         11.71 %       66         4.34 % 
     75 –99.9         141         9.28 %       61         4.01 % 
     100 –124.9         94         6.18 %       53         3.49 % 
     125 –174.9         91         5.99 %       51         3.36 % 
     175 –199.9         22         1.45 %       18         1.18 % 
     200 –249.9         15         0.99 %       27         1.78 % 
     >250         24         1.58 %       21         1.38 % 
       Total        974         64.08 %       546         35.92 % 

WisdomTree Emerging Markets Equity Income Fund

               

July 13, 2007 – March 31, 2012

      0 – 24.9         106         8.47 %       75         6.00 % 
     25 – 49.9         113         9.03 %       46         3.68 % 
     50 – 74.9         159         12.71 %       24         1.92 % 
     75 – 99.9         143         11.43 %       37         2.96 % 
     100 –124.9         140         11.19 %       29         2.32 % 
     125 –174.9         176         14.07 %       32         2.56 % 
     175 –199.9         36         2.88 %       15         1.20 % 
     200 –249.9         37         2.96 %       12         0.96 % 
     >250         43         3.44 %       28         2.24 % 
       Total        953         76.18 %       298         23.82 % 

 

WisdomTree International Dividend and Sector Funds      183   

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 Emerging Markets SmallCap Dividend Fund

               

October 30, 2007 – March 31, 2012

      0 –24.9         104         8.85 %       83         7.06 % 
     25 – 49.9         111         9.45 %       51         4.34 % 
     50 – 74.9         137         11.66 %       52         4.43 % 
     75 – 99.9         123         10.47 %       35         2.98 % 
     100 – 124.9         107         9.11 %       33         2.81 % 
     125 –174.9         125         10.64 %       36         3.06 % 
     175 –199.9         34         2.89 %       13         1.11 % 
     200 –249.9         39         3.32 %       15         1.28 % 
     >250         50         4.26 %       27         2.30 % 
       Total        830         70.64 %       345         29.36 % 

WisdomTree Middle East Dividend Fund

               

July 16, 2008 – March 31, 2012

      0 – 24.9         46         4.61 %       57         5.72 % 
     25 – 49.9         59         5.92 %       64         6.42 % 
     50 – 74.9         65         6.52 %       32         3.21 % 
     75 – 99.9         58         5.82 %       37         3.71 % 
     100 –124.9         74         7.42 %       27         2.71 % 
     125 –174.9         120         12.04 %       44         4.41 % 
     175 –199.9         47         4.71 %       8         0.80 % 
     200 –249.9         70         7.02 %       18         1.81 % 
     >250         141         14.14 %       30         3.01 % 
       Total        680         68.20 %       317         31.80 % 

WisdomTree International Hedged Equity Income Fund

               

June 16, 2006 – March 31, 2012

      0 – 24.9         75         13.23 %       68         11.99 % 
     25 – 49.9         81         14.29 %       41         7.23 % 
     50 – 74.9         74         13.05 %       28         4.94 % 
     75 – 99.9         64         11.29 %       18         3.17 % 
     100 –124.9         46         8.11 %       11         1.94 % 
     125 –174.9         33         5.82 %       11         1.94 % 
     175 –199.9         6         1.06 %       1         0.18 % 
     200 –249.9         2         0.35 %       5         0.88 % 
     >250         1         0.18 %       2         0.35 % 
       Total        382         67.37 %       185         32.63 % 

WisdomTree Commodity Country Equity Fund

               

October 13, 2006 – March 31, 2012

      0 – 24.9         188         13.08 %       184         12.80 % 
     25 – 49.9         185         12.87 %       124         8.63 % 
     50 – 74.9         167         11.62 %       90         6.26 % 
     75 – 99.9         99         6.89 %       59         4.11 % 
     100 –124.9         66         4.59 %       47         3.27 % 
     125 –174.9         51         3.55 %       68         4.73 % 
     175 –199.9         14         0.97 %       15         1.04 % 
     200 –249.9         14         0.97 %       21         1.46 % 
     >250         20         1.39 %       25         1.74 % 
       Total        804         55.95 %       633         44.05 % 

WisdomTree Global Natural Resources Fund

               

October 13, 2006 – March 31, 2012

      0 – 24.9         162         11.27 %       157         10.93 % 
     25 – 49.9         169         11.76 %       115         8.00 % 
     50 – 74.9         142         9.88 %       88         6.12 % 
     75 – 99.9         118         8.21 %       50         3.48 % 
     100 –124.9         102         7.10 %       49         3.41 % 
     125 –174.9         83         5.78 %       64         4.45 % 
     175 –199.9         17         1.18 %       19         1.32 % 
     200 –249.9         24         1.67 %       13         0.90 % 
     >250         26         1.81 %       39         2.71 % 
       Total        843         58.66 %       594         41.34 % 

 

184   WisdomTree International Dividend and 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 Global ex-U.S. Utilities Fund

               

October 13, 2006 – March 31, 2012

      0 – 24.9         168         11.69 %       165         11.48 % 
     25 – 49.9         178         12.39 %       115         8.00 % 
     50 – 74.9         166         11.55 %       99         6.89 % 
     75 – 99.9         116         8.07 %       73         5.08 % 
     100 –124.9         67         4.66 %       50         3.48 % 
     125 –174.9         56         3.90 %       74         5.15 % 
     175 –199.9         18         1.25 %       18         1.25 % 
     200 – 249.9         11         0.77 %       14         0.97 % 
     >250         16         1.11 %       33         2.30 % 
       Total        796         55.39 %       641         44.61 % 

WisdomTree Global ex-U.S. Real Estate Fund

               

June 5, 2007 – March 31, 2012

      0 – 24.9         142         11.11 %       103         8.06 % 
     25 – 49.9         172         13.46 %       78         6.10 % 
     50 – 74.9         152         11.89 %       54         4.23 % 
     75 – 99.9         107         8.37 %       52         4.07 % 
     100 –124.9         79         6.18 %       38         2.97 % 
     125 –174.9         83         6.49 %       54         4.23 % 
     175 –199.9         33         2.58 %       25         1.96 % 
     200 –249.9         22         1.72 %       18         1.41 % 
     >250         28         2.19 %       38         2.97 % 
       Total        818         64.01 %       460         35.99 % 

 

* Basis point (bps) is a unit that is equal to 1/100th of 1%.

 

WisdomTree International Dividend and Sector Funds      185   

Table of Contents

Trustee and Officer Information (unaudited)

 

The Board has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board 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, New York 10017.

Interested Trustee and Officers

 

Name

(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)

During the Past 5 Years

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

Other

Directorships

Held by Trustee/

Officer

Jonathan Steinberg

(1964)

   Trustee, President*  

Trustee and

Officer

since 2005

   President, WisdomTree Trust since 2005; Chief Executive Officer of WisdomTree Investments, Inc. and Director of WisdomTree Investments, Inc. since 1989.   48   None.

Amit Muni

(1969)

   Treasurer,* Assistant Secretary*  

Officer

since 2008

   Chief Financial Officer and Assistant Secretary of WisdomTree Investments, Inc. since March 2008; International Securities Exchange Holdings, Inc. (ISE), Controller and Chief Accounting Officer from 2003 to 2008.   48   None.

Richard Morris

(1967)

  

Secretary,* Chief Legal

Officer*

  

Officer

since 2005

   General Counsel of WisdomTree Asset Management since 2009; Chief Compliance Officer of WisdomTree Trust since 2009; Deputy General Counsel of WisdomTree Investments, Inc. since 2005; Senior Counsel at Barclays Global Investors’ N.A. from 2002 to 2005.   48   None.

 

+ As of March 31, 2012.

 

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

 

186   WisdomTree International Dividend and Sector Funds

Table of Contents

Trustee and Officer Information (unaudited) (concluded)

 

Independent Trustees

 

Name

(year of birth)

  

Position

  

Term of Office
and Length of
Time Served

  

Principal Occupation(s)

During the Past 5 Years

   Number of Portfolios
in Fund Complex
Overseen by
Trustee+		  

Other
Directorships

Held by Trustee

Gregory Barton

(1961)*

   Trustee  

Trustee

since 2006

   Executive Vice President of Business Legal Affairs, General Counsel and Secretary of TheStreet, Inc. 2009 to present; General Counsel of Martha Stewart Living Omnimedia, Inc. from 2007 to 2008; Executive Vice President of Licensing and Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2004 to 2007; Executive Vice President of Legal Affairs, General Counsel and Secretary of Ziff Davis Media Inc. from 2002 to 2004; President from 2001 to 2002, Chief Financial Officer from 2000 to 2002, Vice President of Business Development from 1999 to 2001 and General Counsel and Secretary from 1998 to 2002 of WisdomTree Investments, Inc.   48  

Trustee,

GLG Investment

Series Trust; and Trustee Man Long Short Fund

Toni Massaro

(1955)**

   Trustee  

Trustee

since 2006

   Dean Emerita at University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990.   48   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. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds 1991 to 2004.   48   Member of Board of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame.

 

+ As of March 31, 2012.

 

* Chair of the Audit Committee.

 

** Chair of the Governance and Nominating Committee.

 

WisdomTree International Dividend and Sector Funds      187   

Table of Contents

Supplemental Information (unaudited)

 

Federal Income Tax Information

The following Federal tax information related to the Funds fiscal year ended March 31, 2012, 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 2013.

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, 2012, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:

 

Fund    Qualified Dividend
Income		  

DEFA Fund

    $ 8,301,699   

DEFA Equity Income Fund

      3,639,587   

Global Equity Income Fund

      2,133,927   

Europe SmallCap Dividend Fund

      1,076,609   

Japan Hedged Equity Fund

      10,284,313   

Global ex-U.S. Growth Fund

      1,025,426   

Japan SmallCap Dividend Fund

      4,616,000   

Asia Pacific ex-Japan Fund

      1,355,661   

Australia Dividend Fund

      2,239,915   

International LargeCap Dividend Fund

      3,666,612   

International Dividend ex-Financials Fund

      5,577,278   

International MidCap Dividend Fund

      2,769,596   

International SmallCap Dividend Fund

      12,510,164   

Emerging Markets Equity Income Fund

      40,053,764   

Emerging Markets SmallCap Dividend Fund

      16,741,758   

Middle East Dividend Fund

      587,951   

International Hedged Equity Fund

      582,183   

Commodity Country Equity Fund

      860,175   

Global Natural Resources Fund

      689,752   

Global ex-U.S. Utilities Fund

      531,155   

Global ex-U.S. Real Estate Fund

      2,664,182   

 

188   WisdomTree International Dividend and Sector Funds

Table of Contents

Supplemental Information (unaudited) (concluded)

 

The Fund intends to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2012, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:

 

Fund    Gross Foreign
Income		      Foreign Taxes
Paid		  

DEFA Fund

    $ 9,158,214       $ 446,379   

DEFA Equity Income Fund

      4,208,703         184,273   

Global Equity Income Fund

      1,913,542         131,233   

Europe SmallCap Dividend Fund

      944,898         78,792   

Japan Hedged Equity Fund

      11,031,900         744,737   

Global ex-U.S. Growth Fund

      1,409,168         124,268   

Japan SmallCap Dividend Fund

      4,121,702         288,815   

Asia Pacific ex-Japan Fund

      2,559,450         172,146   

Australia Dividend Fund

      2,266,648         34,784   

International LargeCap Dividend Fund

      3,284,179         156,921   

International Dividend ex-Financials Fund

      5,916,087         229,189   

International MidCap Dividend Fund

      3,096,970         173,040   

International SmallCap Dividend Fund

      13,243,977         785,691   

Emerging Markets Equity Income Fund

      95,923,339         10,206,373   

Emerging Markets SmallCap Dividend Fund

      36,205,716         5,131,542   

Middle East Dividend Fund

      1,167,059         90,823   

International Hedged Equity Fund

      558,697         36,012   

Commodity Country Equity Fund

      1,052,778         76,157   

Global Natural Resources Fund

      632,643         42,862   

Global ex-U.S. Utilities Fund

      782,197         47,773   

Global ex-U.S. Real Estate Fund

      4,834,063         211,443   

 

WisdomTree International Dividend and Sector Funds      189   

Table of Contents

General Information (unaudited)

 

Proxy Voting Policies, Procedures and Record

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

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

Shareholder Reports and Quarterly Portfolio Disclosure

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

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

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

 

190   WisdomTree International Dividend and Sector Funds

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The WisdomTree Family of Funds

The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2012:

 

WisdomTree Domestic Dividend Funds

 

WisdomTree Total Dividend Fund (DTD)

 

WisdomTree Equity Income Fund (DHS)

 

WisdomTree LargeCap Dividend Fund (DLN)

 

WisdomTree Dividend ex-Financials Fund (DTN)

 

WisdomTree MidCap Dividend Fund (DON)

 

WisdomTree SmallCap Dividend Fund (DES)

 

WisdomTree International Dividend Funds

 

WisdomTree DEFA Fund (DWM)

 

WisdomTree DEFA Equity Income Fund (DTH)

 

WisdomTree Global Equity Income Fund (DEW)

 

WisdomTree Europe SmallCap Dividend Fund (DFE)

 

WisdomTree Japan Hedged Equity Fund (DXJ)

 

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

 

WisdomTree Japan SmallCap Dividend Fund (DFJ)

 

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

 

WisdomTree Australia Dividend Fund (AUSE)

 

WisdomTree International LargeCap Dividend Fund (DOL)

 

WisdomTree International Dividend ex-Financials Fund (DOO)

 

WisdomTree International MidCap Dividend Fund (DIM)

 

WisdomTree International SmallCap Dividend Fund (DLS)

 

WisdomTree Emerging Markets Equity Income Fund (DEM)

 

WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)

 

WisdomTree Middle East Dividend Fund (GULF)

 

WisdomTree International Hedged Equity Fund (HEDJ)

 

WisdomTree International Dividend
Sector Funds

 

WisdomTree Commodity Country Equity Fund (CCXE)

 

WisdomTree Global Natural Resources Fund (GNAT)

 

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

 

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

  

WisdomTree Domestic and International Earnings Funds

 

WisdomTree Total Earnings Fund (EXT)

 

WisdomTree Earnings 500 Fund (EPS)

 

WisdomTree MidCap Earnings Fund (EZM)

 

WisdomTree SmallCap Earnings Fund (EES)

 

WisdomTree LargeCap Value Fund (EZY)

 

WisdomTree LargeCap Growth Fund (ROI)

 

WisdomTree India Earnings Fund (EPI)

 

WisdomTree Currency Funds

 

WisdomTree Dreyfus Brazilian Real Fund (BZF)

 

WisdomTree Dreyfus Chinese Yuan Fund (CYB)

 

WisdomTree Dreyfus Commodity Currency Fund (CCX)

 

WisdomTree Dreyfus Emerging Currency Fund (CEW)

 

WisdomTree Dreyfus Indian Rupee Fund (ICN)

 

WisdomTree Dreyfus Japanese Yen Fund (JYF)

 

WisdomTree Dreyfus South African Rand Fund (SZR)

 

WisdomTree Fixed Income Funds

 

WisdomTree Asia Local Debt Fund (ALD)

 

WisdomTree Australia & New Zealand Debt Fund (AUNZ)

 

WisdomTree Emerging Markets Local Debt Fund (ELD)

 

WisdomTree Emerging Markets Corporate Bond Fund (EMCB)

 

WisdomTree Euro Debt Fund (EU)

 

WisdomTree Alternative Funds

 

WisdomTree Global Real Return Fund (RRF)

 

WisdomTree Managed Futures Strategy Fund (WDTI)

The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.

Investors’ should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors’ should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.

There are risks associated with investing including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds that focus their investments in one country or region may be significantly impacted by events and developments associated with the region which can adversely affect performance. Funds focusing on a single sector and/or smaller companies generally experience greater price volatility. Investments in emerging, offshore or frontier markets are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Inflation protected securities do not eliminate risks associated with inflation or deflation. Investments in currency involve additional special risks, such as credit risk and interest rate fluctuations. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effect of varied economic conditions. As these Funds can have a high concentration in some issuers the Funds can be adversely impacted by changes affecting such issuers.

One of the risks associated with the Managed Futures Strategy Fund (WDTI) and the Global Real Return Fund (RRF) is the complexity of the different factors which contribute to each Fund’s performance, as well as their correlation (or non-correlation) of such Funds’ to other asset classes. These factors include use of long and short positions in commodity futures contracts, currency forward contracts, swaps and other derivatives. An investment in WDTI is speculative and involves a substantial degree of risk. WDTI should not be used as a proxy for taking long only (or short only) positions in commodities or currencies. In markets without sustained price trends or markets that quickly reverse or “whipsaw” WDTI may suffer significant losses. Unlike typical exchange-traded funds, there are no indexes that the Currency Funds, Fixed Income Funds, WDTI or RRF attempt to track or replicate. Thus, the ability of these Funds to achieve their objectives will depend on the effectiveness of the portfolio manager. Due to the investment strategy of certain Fund’s they may make higher capital gain distributions than other ETFs. Please read each Fund’s prospectus for specific details regarding the Fund’s risk profile.

The Dow Jones Global Select Real Estate Securities (ex-US) Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.

Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.

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WisdomTree Trust

380 Madison Avenue, 21st Floor

New York, NY 10017

 

LOGO

 

LOGO

 

WisdomTree International Dividend and Sector Funds

WisdomTree DEFA Fund (DWM)

WisdomTree DEFA Equity Income Fund (DTH)

WisdomTree Global Equity Income Fund (DEW)

WisdomTree Europe SmallCap Dividend Fund (DFE)

WisdomTree Japan Hedged Equity Fund (DXJ)

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

(formerly, WisdomTree World ex-U.S. Growth Fund (DNL))

WisdomTree Japan SmallCap Dividend Fund (DFJ)

WisdomTree Asia Pacific ex-Japan Fund (AXJL)

(formerly, WisdomTree Pacific ex-Japan Total Dividend Fund (DND))

WisdomTree Australia Dividend Fund (AUSE)

(formerly, 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 Hedged Equity Fund (HEDJ)

WisdomTree Commodity Country Equity Fund (CCXE)

(formerly, WisdomTree International Basic Materials Sector Fund (DBN))

WisdomTree Global Natural Resources Fund (GNAT)

(formerly, WisdomTree International Energy Sector Fund (DKA))

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

(formerly, WisdomTree International Utilities Sector Fund (DBU))

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

(formerly, WisdomTree International Real Estate Fund (DRW))

WisdomTree Fund shares are distributed by ALPS Distributors, Inc.

WIS004137 (05/2013)

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Item 2. Code of Ethics.

(a) 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, 2012, 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 thirty-four funds of the Registrant for which the fiscal year-end is March 31, 2012 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, 2012 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:

2012: $682,485

2011: $659,011

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(b) Audit-Related Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2012 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:

2012: $0

2011: $0

(c) Tax Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2012 for professional services rendered by the principal accountant for tax compliance, tax advice and tax planning are as follows:

2012: $438,490

2011: $438,622

(d) All Other Fees. The aggregate fees billed from the Trust’s fiscal year ended March 31, 2012 for products and services provided by the principal accountant, other than the services reported above in Items 4(a) through (c) are as follows:

2012: $0

2011: $78,560

 

(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%.

(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, 2012 are as follows:

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2012: $438,490

2011: $517,182

(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.

(Registrant) WisdomTree Trust

By:       /s/ Jonathan L. Steinberg                        

Name: Jonathan L. Steinberg

Title:   President

Date:   June 07, 2012

By:       /s/ Amit Muni                                           

Name: Amit Muni

Title:   Treasurer

Date:   June 07, 2012

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 07, 2012

By:       /s/ Amit Muni                                           

Name: Amit Muni

Title:   Treasurer

Date:   June 07, 2012