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, 2013
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Table of Contents
| Item 1. | Reports to Stockholders. |
The Report to Shareholders is attached herewith.
Table of Contents
WisdomTree Trust
Domestic Dividend Funds
Annual Report
March 31, 2013
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
| 1 | ||||
| 3 | ||||
| 9 | ||||
| 11 | ||||
| Schedules of Investments | ||||
| 13 | ||||
| 24 | ||||
| 29 | ||||
| 33 | ||||
| 35 | ||||
| 40 | ||||
| 48 | ||||
| 49 | ||||
| 50 | ||||
| 52 | ||||
| 55 | ||||
| 65 | ||||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
66 | |||
| 67 | ||||
| 69 | ||||
| 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 13.96% for the 12-month period ended March 31, 2013 (the “period”). After bottoming in March of 2009, the S&P 500 recorded its fourth straight year of gains. Measured from March 31, 2009 through March 31, 2013, the four year cumulative total return on the S&P 500 Index was 114.24%. This represents a substantial recovery in the equity markets as earnings and dividend levels reached and surpassed previous levels. In fact, this was also enough for the S&P 500 Index to surpass its prior October 2007 peak value.
While the overall return for the period was positive, it was marked by several bouts of volatility. One of the major events during the period that created an uncertainty overhang was the U.S. presidential election. Following the re-election of President Barack Obama, there was concern the U.S. government would not be able to solve a series of tax hikes and spending decreases often referred to as the “Fiscal Cliff.” Many feared that the 2003 Bush tax cuts for dividend taxes and capital gains taxes were expiring on January 1st. However, in the final hours of 2012, a deal came together that excited the market: the 2003 Bush tax cuts with respect to dividends were made permanent for the majority of tax payers. As a result, the first quarter of 2013 had a good tailwind supporting the markets.
WisdomTree Funds’ Performance Overview
With the resolution of the dividend-tax issue, as well as continued monthly asset purchases from the U.S. Federal Reserve Bank, the path was cleared for the S&P 500 Index to reach its highest levels in history during the first quarter of 2013.
The following table reflects the WisdomTree Funds’ performance versus their capitalization-weighted benchmark indexes:
| Ticker | WisdomTree Fund | 1-Year NAV Return |
Performance Benchmark | 1-Year Return |
Difference | |||||||
| DTD |
WisdomTree Total Dividend Fund | 15.39% | Russell 3000® Index | 14.56% | 0.83% | |||||||
| DHS |
WisdomTree Equity Income Fund | 18.83% | Russell 1000® Value Index | 18.77% | 0.06% | |||||||
| DLN |
WisdomTree LargeCap Dividend Fund | 14.69% | S&P 500® Index | 13.96% | 0.73% | |||||||
| DTN |
WisdomTree Dividend ex-Financials Fund | 18.18% | Dow Jones U.S. Select Dividend IndexSM | 17.93% | 0.25% | |||||||
| DON |
WisdomTree MidCap Dividend Fund | 19.96% | S&P MidCap 400® Index | 17.83% | 2.13% | |||||||
| DES |
WisdomTree SmallCap Dividend Fund | 21.06% | Russell 2000® Index | 16.30% | 4.76% | |||||||
Interestingly, the top-performing performance benchmark within the aforementioned chart was the Russell 1000 Value Index, indicating that value stocks — specifically large cap value stocks — delivered strong performance. All of the performance benchmarks delivered double-digit returns; the S&P 500 Index was actually the lowest with a return of 13.96%.
WisdomTree’s dividend-weighted Funds are designed to track indexes based on the dividend stream generated by the companies included in the underlying WisdomTree Index. The dividend stream is defined as the sum of the dollar value of dividends indicated to be paid by each company. There are two primary factors that drove performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the dividend stream.
Nine of ten sectors represented within the S&P 500 Index experienced positive performance over the period. The best-performing sector over the period was the
| WisdomTree Domestic Dividend Funds | 1 |
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited) (concluded)
Telecommunication Services sector, with Health Care and Consumer Staples close behind. Each of these sectors delivered a return greater than 20% over the period. The single negatively performing sector over the period was Information Technology. Similar to how Apple drove strong performance for this sector from March 31, 2011 to March 31, 2012, the significant weight to this company, combined with negative performance from March 31, 2012 to March 31, 2013, drove this ultimate result. Materials was also a relative laggard, the only positively performing sector to deliver a single-digit return over the period. With little question, the strongest performance came from the more defensively oriented sectors.
The performance of each WisdomTree Fund compared to its performance benchmark was favorable over the period. This ultimately makes sense, in that WisdomTree’s dividend-focused approaches have tended to historically tilt toward dividend-paying firms, and there have historically been larger numbers of these firms within the defensively oriented sectors — like Telecommunication Services, Health Care, and Consumer Staples.
The strongest relative performance advantage measured versus the requisite performance benchmarks came with respect to the WisdomTree MidCap Dividend Fund (DON) and the WisdomTree SmallCap Dividend Fund (DES). These were the only WisdomTree Domestic Dividend Funds to generate performances of greater than 1% in excess of their performance benchmarks. For DON, this was largely due to being underweight the Information Technology sector relative to the S&P MidCap 400 Index over the period. For DES, this was largely due to being overweight the Financials sector relative to the Russell 2000 Index over the period.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 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 3/31/13
| Sector | % of Net Assets | |||
| Financials |
17.0% | |||
| Consumer Staples |
14.0% | |||
| Information Technology |
12.6% | |||
| Industrials |
10.7% | |||
| Health Care |
10.3% | |||
| Energy |
9.5% | |||
| Consumer Discretionary |
8.7% | |||
| Utilities |
6.9% | |||
| Telecommunication Services |
5.7% | |||
| Materials |
4.2% | |||
| Investment Companies |
0.2% | |||
| Other Assets less Liabilities†† |
0.2% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| †† | Other assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| AT&T, Inc. |
3.1% | |||
| Exxon Mobil Corp. |
2.9% | |||
| Apple, Inc. |
2.3% | |||
| Microsoft Corp. |
2.3% | |||
| General Electric Co. |
2.2% | |||
| Johnson & Johnson |
2.2% | |||
| Chevron Corp. |
2.1% | |||
| Pfizer, Inc. |
2.0% | |||
| Procter & Gamble Co. (The) |
1.9% | |||
| Verizon Communications, Inc. |
1.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree Total Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index.
The Fund returned 15.39% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Dividend Index |
Russell
3000® Index |
|||||||||||||
| One Year |
15.39 | % | 15.28 | % | 15.84 | % | 14.56 | % | ||||||||
| Three Year |
14.83 | % | 15.08 | % | 15.43 | % | 12.97 | % | ||||||||
| Five Year |
6.04 | % | 6.05 | % | 6.60 | % | 6.32 | % | ||||||||
| Since Inception1 |
5.57 | % | 5.55 | % | 6.06 | % | 5.90 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic Dividend Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Equity Income Fund (DHS)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Health Care |
15.4% | |||
| Consumer Staples |
15.2% | |||
| Utilities |
13.4% | |||
| Telecommunication Services |
11.9% | |||
| Financials |
11.8% | |||
| Information Technology |
11.2% | |||
| Energy |
8.7% | |||
| Industrials |
4.2% | |||
| Consumer Discretionary |
4.2% | |||
| Materials |
3.5% | |||
| Investment Companies |
0.3% | |||
| Other Assets less Liabilities†† |
0.2% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ††Other | assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| AT&T, Inc. |
6.5% | |||
| Microsoft Corp. |
4.8% | |||
| Johnson & Johnson |
4.6% | |||
| Chevron Corp. |
4.5% | |||
| Pfizer, Inc. |
4.3% | |||
| Procter & Gamble Co. (The) |
4.0% | |||
| Verizon Communications, Inc. |
3.9% | |||
| Philip Morris International, Inc. |
3.7% | |||
| Merck & Co., Inc. |
3.1% | |||
| Intel Corp. |
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 18.83% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Health Care sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Equity Income Index |
Russell 1000® Value Index |
|||||||||||||
| One Year |
18.83 | % | 18.82 | % | 19.29 | % | 18.77 | % | ||||||||
| Three Year |
17.89 | % | 18.33 | % | 18.38 | % | 12.74 | % | ||||||||
| Five Year |
5.75 | % | 5.76 | % | 6.17 | % | 4.85 | % | ||||||||
| Since Inception1 |
4.42 | % | 4.44 | % | 4.75 | % | 4.57 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 4 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Dividend Fund (DLN)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Consumer Staples |
15.9% | |||
| Information Technology |
13.9% | |||
| Financials |
12.8% | |||
| Health Care |
11.8% | |||
| Energy |
10.8% | |||
| Industrials |
10.5% | |||
| Consumer Discretionary |
7.9% | |||
| Telecommunication Services |
6.3% | |||
| Utilities |
6.1% | |||
| Materials |
3.7% | |||
| Investment Companies |
0.1% | |||
| Other Assets less Liabilities†† |
0.2% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ††Other | assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| AT&T, Inc. |
3.7% | |||
| Exxon Mobil Corp. |
3.5% | |||
| Apple, Inc. |
2.8% | |||
| Microsoft Corp. |
2.6% | |||
| General Electric Co. |
2.6% | |||
| Johnson & Johnson |
2.6% | |||
| Chevron Corp. |
2.5% | |||
| Pfizer, Inc. |
2.4% | |||
| Procter & Gamble Co. (The) |
2.2% | |||
| Verizon Communications, Inc. |
2.2% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree LargeCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend Index.
The Fund returned 14.69% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree LargeCap Dividend Index |
S&P 500® Index | |||||||||||||
| One Year |
14.69 | % | 14.69 | % | 15.02 | % | 13.96 | % | ||||||||
| Three Year |
14.77 | % | 14.99 | % | 15.10 | % | 12.67 | % | ||||||||
| Five Year |
5.41 | % | 5.42 | % | 5.94 | % | 5.81 | % | ||||||||
|
Since Inception1 |
5.31 | % | 5.28 | % | 5.69 | % | 5.63 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic Dividend Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Dividend ex-Financials Fund (DTN)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Utilities |
15.9% | |||
| Information Technology |
13.2% | |||
| Consumer Staples |
12.9% | |||
| Industrials |
11.1% | |||
| Energy |
11.1% | |||
| Materials |
10.3% | |||
| Health Care |
10.1% | |||
| Consumer Discretionary |
9.9% | |||
| Telecommunication Services |
5.0% | |||
| Investment Companies |
0.2% | |||
| Other Assets less Liabilities†† |
0.3% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ††Other | assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Exelon Corp. |
2.3% | |||
| Hewlett-Packard Co. |
1.9% | |||
| CenturyLink, Inc. |
1.9% | |||
| Ameren Corp. |
1.8% | |||
| AT&T, Inc. |
1.6% | |||
| Reynolds American, Inc. |
1.6% | |||
| Altria Group, Inc. |
1.6% | |||
| Duke Energy Corp. |
1.6% | |||
| Public Service Enterprise Group, Inc. |
1.5% | |||
| PPL 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 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 18.18% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Health Care sector. The Fund’s position in the 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 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| 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 |
18.18 | % | 18.11 | % | 18.53 | % | 17.93 | % | ||||||||
| Three Year |
17.56 | % | 17.84 | % | 18.02 | % | 15.87 | % | ||||||||
| Five Year |
8.25 | % | 8.28 | % | 8.74 | % | 6.70 | % | ||||||||
| Since Inception2 |
7.15 | % | 7.14 | % | 7.54 | % | 4.86 | % | ||||||||
| 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. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 6 | WisdomTree Domestic Dividend Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Dividend Fund (DON)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Financials |
24.7% | |||
| Consumer Discretionary |
17.1% | |||
| Utilities |
16.8% | |||
| Industrials |
12.9% | |||
| Materials |
9.3% | |||
| Information Technology |
6.9% | |||
| Consumer Staples |
4.4% | |||
| Energy |
2.8% | |||
| Telecommunication Services |
2.8% | |||
| Health Care |
1.9% | |||
| Investment Companies |
0.2% | |||
| Other Assets less Liabilities†† |
0.2% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ††Other | assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Windstream Corp. |
1.6% | |||
| Ameren Corp. |
1.4% | |||
| Best Buy Co., Inc. |
1.3% | |||
| Pitney Bowes, Inc. |
1.2% | |||
| Frontier Communications Corp. |
1.1% | |||
| NiSource, Inc. |
1.1% | |||
| H&R Block, Inc. |
1.0% | |||
| Western Union Co. (The) |
1.0% | |||
| Microchip Technology, Inc. |
0.9% | |||
| CMS Energy Corp. |
0.9% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree MidCap Dividend Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree MidCap Dividend Index.
The Fund returned 19.96% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the 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 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree MidCap Dividend Index |
S&P MidCap 400® Index |
|||||||||||||
| One Year |
19.96 | % | 19.98 | % | 20.24 | % | 17.83 | % | ||||||||
| Three Year |
15.67 | % | 15.95 | % | 16.13 | % | 15.12 | % | ||||||||
| Five Year |
9.89 | % | 9.91 | % | 10.20 | % | 9.85 | % | ||||||||
| Since Inception1 |
7.30 | % | 7.38 | % | 7.22 | % | 8.34 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic Dividend Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Dividend Fund (DES)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Financials |
24.7% | |||
| Industrials |
19.3% | |||
| Consumer Discretionary |
12.6% | |||
| Utilities |
11.2% | |||
| Information Technology |
9.4% | |||
| Materials |
8.2% | |||
| Consumer Staples |
5.5% | |||
| Health Care |
4.4% | |||
| Energy |
2.1% | |||
| Telecommunication Services |
1.9% | |||
| Investment Companies |
0.4% | |||
| Other Assets less Liabilities†† |
0.3% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| †† | Other assets include investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| R.R. Donnelley & Sons Co. |
2.4% | |||
| Vector Group Ltd. |
1.5% | |||
| TAL International Group, Inc. |
1.0% | |||
| UIL Holdings Corp. |
0.9% | |||
| Lexmark International, Inc. Class A |
0.9% | |||
| ALLETE, Inc. |
0.9% | |||
| PDL BioPharma, Inc. |
0.8% | |||
| UNS Energy Corp. |
0.8% | |||
| Black Hills Corp. |
0.8% | |||
| Avista Corp. |
0.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree 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 21.06% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the 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 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree SmallCap Dividend Index |
Russell
2000® Index |
|||||||||||||
| One Year |
21.06 | % | 20.93 | % | 21.37 | % | 16.30 | % | ||||||||
| Three Year |
14.60 | % | 14.88 | % | 14.85 | % | 13.45 | % | ||||||||
| Five Year |
8.58 | % | 8.60 | % | 9.15 | % | 8.24 | % | ||||||||
|
Since Inception1 |
5.98 | % | 5.99 | % | 6.09 | % | 6.24 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 8 | WisdomTree Domestic Dividend Funds |
Table of Contents
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 is comprised of the large-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree MidCap Dividend Index is comprised of the mid-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree SmallCap Dividend Index is comprised of the small-capitalization segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree Equity Income Index is comprised of companies with high dividend yields, selected from the WisdomTree Dividend Index.
The WisdomTree Dividend ex-Financials Index is comprised of high dividend-yielding stocks outside the financial sector.
The WisdomTree Dividend Top 100 Index is comprised 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 is comprised 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 is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.
The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.
The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The Dow Jones U.S. Select Dividend IndexSM is comprised 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.
The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby 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
| WisdomTree Domestic Dividend Funds | 9 |
Table of Contents
Description of Indexes (unaudited) (concluded)
the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
| 10 | WisdomTree Domestic Dividend Funds |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2012 to March 31, 2013.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/12 to 3/31/13” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| WisdomTree Domestic Dividend Funds | 11 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/12 |
Ending Account Value 3/31/13 |
Annualized Expense Ratio Based on the Period 10/01/12 to 3/31/13 |
Expenses Paid During the Period† 10/01/12 to 3/31/13 |
|||||||||||||
| WisdomTree Total Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,105.80 | 0.28 | % | $ | 1.47 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree Equity Income Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,104.00 | 0.38 | % | $ | 1.99 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree LargeCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,096.20 | 0.28 | % | $ | 1.46 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree Dividend ex-Financials Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,126.00 | 0.38 | % | $ | 2.01 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree MidCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,168.70 | 0.38 | % | $ | 2.05 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree SmallCap Dividend Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,154.80 | 0.38 | % | $ | 2.04 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect the one-half year period). |
| 12 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 101.3% | ||||||||
| COMMON STOCKS – 99.6% | ||||||||
| Advertising – 0.1% | ||||||||
| Harte-Hanks, Inc. |
2,695 | $ | 20,994 | |||||
| Interpublic Group of Cos., Inc. (The) |
7,741 | 100,865 | ||||||
| Omnicom Group, Inc. |
5,171 | 304,572 | ||||||
|
|
|
|||||||
| Total Advertising | 426,431 | |||||||
| Aerospace/Defense – 2.2% | ||||||||
| Alliant Techsystems, Inc. |
545 | 39,474 | ||||||
| Boeing Co. (The) |
14,476 | 1,242,765 | ||||||
| Curtiss-Wright Corp. |
528 | 18,322 | ||||||
| Exelis, Inc. |
5,698 | 62,051 | ||||||
| General Dynamics Corp. |
8,524 | 601,027 | ||||||
| Kaman Corp. |
631 | 22,382 | ||||||
| L-3 Communications Holdings, Inc. |
2,047 | 165,643 | ||||||
| Lockheed Martin Corp. |
13,233 | 1,277,249 | ||||||
| Northrop Grumman Corp. |
7,236 | 507,605 | ||||||
| Raytheon Co. |
9,391 | 552,097 | ||||||
| Rockwell Collins, Inc. |
2,281 | 143,977 | ||||||
| United Technologies Corp. |
19,980 | 1,866,731 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 6,499,323 | |||||||
| Agriculture – 3.6% | ||||||||
| Altria Group, Inc. |
91,039 | 3,130,831 | ||||||
| Archer-Daniels-Midland Co. |
13,936 | 470,061 | ||||||
| Lorillard, Inc. |
16,749 | 675,822 | ||||||
| Philip Morris International, Inc. |
56,213 | 5,211,507 | ||||||
| Reynolds American, Inc. |
25,876 | 1,151,223 | ||||||
| Universal Corp. |
1,088 | 60,972 | ||||||
| Vector Group Ltd. |
6,295 | 101,476 | ||||||
|
|
|
|||||||
| Total Agriculture | 10,801,892 | |||||||
| Apparel – 0.5% | ||||||||
| Cherokee, Inc. |
1,224 | 16,769 | ||||||
| Coach, Inc. |
4,882 | 244,051 | ||||||
| Columbia Sportswear Co.(a) |
595 | 34,439 | ||||||
| Jones Group, Inc. (The) |
1,684 | 21,420 | ||||||
| NIKE, Inc. Class B |
10,384 | 612,760 | ||||||
| Ralph Lauren Corp. |
500 | 84,655 | ||||||
| VF Corp. |
2,084 | 349,591 | ||||||
| Wolverine World Wide, Inc. |
831 | 36,871 | ||||||
|
|
|
|||||||
| Total Apparel | 1,400,556 | |||||||
| Auto Manufacturers – 0.3% | ||||||||
| Ford Motor Co. |
48,230 | 634,225 | ||||||
| PACCAR, Inc. |
5,222 | 264,024 | ||||||
|
|
|
|||||||
| Total Auto Manufacturers | 898,249 | |||||||
| Auto Parts & Equipment – 0.2% | ||||||||
| Allison Transmission Holdings, Inc.(a) |
1,777 | 42,666 | ||||||
| Cooper Tire & Rubber Co. |
1,246 | 31,972 | ||||||
| Dana Holding Corp. |
1,637 | 29,188 | ||||||
| Douglas Dynamics, Inc. |
1,032 | 14,262 | ||||||
| Johnson Controls, Inc. |
13,795 | 483,791 | ||||||
| Lear Corp. |
1,361 | 74,678 | ||||||
| Superior Industries International, Inc. |
1,461 | $ | 27,291 | |||||
|
|
|
|||||||
| Total Auto Parts & Equipment | 703,848 | |||||||
| Banks – 6.0% | ||||||||
| 1st Source Corp. |
1,299 | 30,786 | ||||||
| Arrow Financial Corp.(a) |
1,087 | 26,784 | ||||||
| Associated Banc-Corp. |
3,367 | 51,145 | ||||||
| BancFirst Corp. |
589 | 24,561 | ||||||
| BancorpSouth, Inc.(a) |
1,185 | 19,315 | ||||||
| Bank of America Corp. |
34,039 | 414,595 | ||||||
| Bank of Hawaii Corp.(a) |
1,511 | 76,774 | ||||||
| Bank of New York Mellon Corp. (The) |
20,118 | 563,103 | ||||||
| Bank of the Ozarks, Inc. |
597 | 26,477 | ||||||
| BB&T Corp. |
15,820 | 496,590 | ||||||
| BOK Financial Corp. |
1,546 | 96,316 | ||||||
| Capital One Financial Corp. |
1,958 | 107,592 | ||||||
| Cathay General Bancorp |
833 | 16,760 | ||||||
| Chemical Financial Corp. |
1,317 | 34,742 | ||||||
| Citigroup, Inc. |
2,890 | 127,854 | ||||||
| City Holding Co.(a) |
811 | 32,270 | ||||||
| City National Corp. |
811 | 47,776 | ||||||
| Comerica, Inc. |
2,951 | 106,088 | ||||||
| Commerce Bancshares, Inc. |
1,961 | 80,068 | ||||||
| Community Bank System, Inc. |
1,499 | 44,415 | ||||||
| Community Trust Bancorp, Inc. |
992 | 33,758 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
1,834 | 114,680 | ||||||
| CVB Financial Corp. |
3,969 | 44,731 | ||||||
| East West Bancorp, Inc. |
1,332 | 34,192 | ||||||
| Fifth Third Bancorp |
19,816 | 323,199 | ||||||
| First Busey Corp. |
2,996 | 13,692 | ||||||
| First Commonwealth Financial Corp. |
2,192 | 16,352 | ||||||
| First Financial Bancorp |
3,503 | 56,223 | ||||||
| First Financial Bankshares, Inc.(a) |
886 | 43,060 | ||||||
| First Financial Corp. |
633 | 19,933 | ||||||
| First Republic Bank |
1,262 | 48,738 | ||||||
| FirstMerit Corp.(a) |
4,422 | 73,096 | ||||||
| FNB Corp. |
6,261 | 75,758 | ||||||
| Fulton Financial Corp. |
4,106 | 48,040 | ||||||
| Glacier Bancorp, Inc. |
3,423 | 64,969 | ||||||
| Goldman Sachs Group, Inc. (The) |
6,665 | 980,755 | ||||||
| Hancock Holding Co. |
2,206 | 68,209 | ||||||
| Hudson Valley Holding Corp. |
878 | 13,091 | ||||||
| Huntington Bancshares, Inc. |
17,886 | 132,178 | ||||||
| Iberiabank Corp. |
773 | 38,665 | ||||||
| Independent Bank Corp. |
712 | 23,204 | ||||||
| International Bancshares Corp. |
1,826 | 37,981 | ||||||
| JPMorgan Chase & Co. |
87,645 | 4,159,632 | ||||||
| KeyCorp |
17,693 | 176,222 | ||||||
| M&T Bank Corp. |
3,033 | 312,884 | ||||||
| MB Financial, Inc. |
884 | 21,366 | ||||||
| Morgan Stanley |
20,355 | 447,403 | ||||||
| National Penn Bancshares, Inc. |
5,847 | 62,504 | ||||||
| NBT Bancorp, Inc. |
1,489 | 32,981 | ||||||
| Northern Trust Corp. |
4,851 | 264,671 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 13 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Old National Bancorp |
2,995 | $ | 41,181 | |||||
| PacWest Bancorp |
1,426 | 41,511 | ||||||
| Park National Corp.(a) |
1,018 | 71,046 | ||||||
| Penns Woods Bancorp, Inc. |
469 | 19,215 | ||||||
| PNC Financial Services Group, Inc. |
12,033 | 800,194 | ||||||
| Prosperity Bancshares, Inc. |
876 | 41,514 | ||||||
| Regions Financial Corp. |
7,493 | 61,368 | ||||||
| Renasant Corp. |
1,311 | 29,340 | ||||||
| S&T Bancorp, Inc. |
913 | 16,927 | ||||||
| S.Y. Bancorp, Inc. |
1,095 | 24,637 | ||||||
| State Street Corp. |
9,384 | 554,501 | ||||||
| SunTrust Banks, Inc. |
3,392 | 97,724 | ||||||
| Susquehanna Bancshares, Inc. |
4,673 | 58,085 | ||||||
| Synovus Financial Corp. |
14,458 | 40,049 | ||||||
| TCF Financial Corp. |
3,284 | 49,129 | ||||||
| Tompkins Financial Corp. |
466 | 19,702 | ||||||
| TrustCo Bank Corp. |
7,292 | 40,689 | ||||||
| Trustmark Corp. |
2,005 | 50,145 | ||||||
| U.S. Bancorp |
36,877 | 1,251,237 | ||||||
| UMB Financial Corp. |
859 | 42,151 | ||||||
| Umpqua Holdings Corp. |
2,691 | 35,683 | ||||||
| United Bankshares, Inc. |
2,182 | 58,063 | ||||||
| Univest Corp. of Pennsylvania |
1,311 | 22,838 | ||||||
| Valley National Bancorp(a) |
11,703 | 119,839 | ||||||
| Washington Trust Bancorp, Inc. |
611 | 16,729 | ||||||
| Webster Financial Corp. |
375 | 9,097 | ||||||
| Wells Fargo & Co. |
108,442 | 4,011,270 | ||||||
| WesBanco, Inc. |
1,186 | 28,405 | ||||||
| Westamerica Bancorp.(a) |
706 | 32,003 | ||||||
|
|
|
|||||||
| Total Banks | 17,890,450 | |||||||
| Beverages – 2.8% | ||||||||
| Beam, Inc. |
1,886 | 119,836 | ||||||
| Brown-Forman Corp. Class A |
1,329 | 97,814 | ||||||
| Brown-Forman Corp. Class B |
1,731 | 123,593 | ||||||
| Coca-Cola Co. (The) |
102,611 | 4,149,589 | ||||||
| Coca-Cola Enterprises, Inc. |
4,805 | 177,401 | ||||||
| Dr. Pepper Snapple Group, Inc. |
5,289 | 248,319 | ||||||
| Molson Coors Brewing Co. Class B |
3,983 | 194,888 | ||||||
| PepsiCo, Inc. |
40,124 | 3,174,210 | ||||||
|
|
|
|||||||
| Total Beverages | 8,285,650 | |||||||
| Biotechnology – 0.4% | ||||||||
| Amgen, Inc. |
10,556 | 1,082,096 | ||||||
| PDL BioPharma, Inc. |
11,550 | 84,430 | ||||||
|
|
|
|||||||
| Total Biotechnology | 1,166,526 | |||||||
| Building Materials – 0.1% | ||||||||
| Eagle Materials, Inc. |
359 | 23,920 | ||||||
| Lennox International, Inc. |
686 | 43,554 | ||||||
| Martin Marietta Materials, Inc.(a) |
650 | 66,313 | ||||||
| Masco Corp. |
5,821 | 117,876 | ||||||
| Simpson Manufacturing Co., Inc. |
697 | 21,335 | ||||||
|
|
|
|||||||
| Total Building Materials | 272,998 | |||||||
| Chemicals – 2.4% | ||||||||
| A. Schulman, Inc. |
79 | $ | 2,493 | |||||
| Air Products & Chemicals, Inc. |
5,309 | 462,520 | ||||||
| Airgas, Inc. |
1,092 | 108,283 | ||||||
| Albemarle Corp. |
1,088 | 68,022 | ||||||
| Ashland, Inc. |
757 | 56,245 | ||||||
| Cabot Corp. |
868 | 29,686 | ||||||
| Celanese Corp. Series A |
623 | 27,443 | ||||||
| CF Industries Holdings, Inc. |
420 | 79,955 | ||||||
| Cytec Industries, Inc. |
472 | 34,966 | ||||||
| Dow Chemical Co. (The) |
38,536 | 1,226,986 | ||||||
| E.I. du Pont de Nemours & Co. |
29,729 | 1,461,478 | ||||||
| Eastman Chemical Co. |
2,096 | 146,447 | ||||||
| Ecolab, Inc. |
2,534 | 203,176 | ||||||
| FMC Corp. |
860 | 49,046 | ||||||
| H.B. Fuller Co. |
810 | 31,655 | ||||||
| Huntsman Corp. |
5,445 | 101,223 | ||||||
| Innophos Holdings, Inc. |
680 | 37,101 | ||||||
| International Flavors & Fragrances, Inc. |
1,433 | 109,868 | ||||||
| Kronos Worldwide, Inc. |
3,429 | 53,664 | ||||||
| Monsanto Co. |
7,261 | 766,979 | ||||||
| Mosaic Co. (The) |
4,377 | 260,913 | ||||||
| NewMarket Corp.(a) |
124 | 32,285 | ||||||
| Olin Corp. |
3,212 | 81,007 | ||||||
| PolyOne Corp. |
1,665 | 40,643 | ||||||
| PPG Industries, Inc. |
2,529 | 338,734 | ||||||
| Praxair, Inc. |
4,910 | 547,661 | ||||||
| Rockwood Holdings, Inc. |
1,737 | 113,669 | ||||||
| RPM International, Inc. |
3,605 | 113,846 | ||||||
| Sensient Technologies Corp. |
376 | 14,698 | ||||||
| Sherwin-Williams Co. (The) |
937 | 158,250 | ||||||
| Sigma-Aldrich Corp. |
1,077 | 83,661 | ||||||
| Valhi, Inc. |
4,491 | 72,081 | ||||||
| Valspar Corp. |
1,026 | 63,868 | ||||||
| Westlake Chemical Corp. |
546 | 51,051 | ||||||
|
|
|
|||||||
| Total Chemicals | 7,029,603 | |||||||
| Coal – 0.1% | ||||||||
| Arch Coal, Inc.(a) |
4,112 | 22,328 | ||||||
| Consol Energy, Inc. |
2,471 | 83,149 | ||||||
| Peabody Energy Corp. |
2,519 | 53,277 | ||||||
| Walter Energy, Inc.(a) |
832 | 23,712 | ||||||
|
|
|
|||||||
| Total Coal | 182,466 | |||||||
| Commercial Services – 1.5% | ||||||||
| ABM Industries, Inc. |
1,384 | 30,780 | ||||||
| Automatic Data Processing, Inc. |
12,307 | 800,201 | ||||||
| Booz Allen Hamilton Holding Corp.(a) |
3,047 | 40,952 | ||||||
| Brink’s Co. (The) |
731 | 20,658 | ||||||
| Corporate Executive Board Co. (The) |
583 | 33,907 | ||||||
| Corrections Corp. of America |
1,776 | 69,388 | ||||||
| Deluxe Corp. |
1,635 | 67,689 | ||||||
| DeVry, Inc. |
41 | 1,302 | ||||||
| Electro Rent Corp. |
1,282 | 23,768 | ||||||
| Equifax, Inc. |
1,358 | 78,207 | ||||||
See Notes to Financial Statements.
| 14 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Geo Group, Inc. (The) |
1,562 | $ | 58,762 | |||||
| H&R Block, Inc. |
9,414 | 276,960 | ||||||
| Healthcare Services Group, Inc. |
1,997 | 51,183 | ||||||
| Insperity, Inc. |
734 | 20,824 | ||||||
| Intersections, Inc.(a) |
1,530 | 14,397 | ||||||
| Iron Mountain, Inc. |
4,541 | 164,884 | ||||||
| Landauer, Inc. |
478 | 26,950 | ||||||
| Lender Processing Services, Inc. |
1,448 | 36,866 | ||||||
| Manpower, Inc. |
1,218 | 69,085 | ||||||
| Mastercard, Inc. Class A |
235 | 127,166 | ||||||
| McGrath Rentcorp |
1,098 | 34,148 | ||||||
| Moody’s Corp. |
2,352 | 125,409 | ||||||
| Paychex, Inc. |
12,045 | 422,418 | ||||||
| Quad Graphics, Inc. |
1,863 | 44,600 | ||||||
| R.R. Donnelley & Sons Co.(a) |
16,750 | 201,838 | ||||||
| Rent-A-Center, Inc. |
878 | 32,433 | ||||||
| Robert Half International, Inc. |
2,628 | 98,629 | ||||||
| Rollins, Inc. |
2,206 | 54,157 | ||||||
| SAIC, Inc. |
10,840 | 146,882 | ||||||
| SEI Investments Co. |
2,871 | 82,828 | ||||||
| Service Corp. International |
3,184 | 53,268 | ||||||
| Sotheby’s |
667 | 24,953 | ||||||
| Total System Services, Inc. |
3,090 | 76,570 | ||||||
| Towers Watson & Co. Class A |
307 | 21,281 | ||||||
| Visa, Inc. Class A |
3,897 | 661,867 | ||||||
| Weight Watchers International, Inc. |
789 | 33,225 | ||||||
| Western Union Co. (The) |
17,203 | 258,733 | ||||||
|
|
|
|||||||
| Total Commercial Services | 4,387,168 | |||||||
| Computers – 4.4% | ||||||||
| Apple, Inc. |
15,691 | 6,945,307 | ||||||
| Computer Sciences Corp. |
2,665 | 131,198 | ||||||
| Dell, Inc. |
39,962 | 572,656 | ||||||
| Diebold, Inc. |
2,235 | 67,765 | ||||||
| DST Systems, Inc. |
469 | 33,426 | ||||||
| Hewlett-Packard Co. |
56,932 | 1,357,259 | ||||||
| International Business Machines Corp. |
16,308 | 3,478,496 | ||||||
| j2 Global, Inc.(a) |
1,367 | 53,600 | ||||||
| Jack Henry & Associates, Inc. |
916 | 42,328 | ||||||
| Lexmark International, Inc. Class A |
2,905 | 76,692 | ||||||
| MTS Systems Corp. |
470 | 27,331 | ||||||
| Western Digital Corp. |
5,115 | 257,182 | ||||||
|
|
|
|||||||
| Total Computers | 13,043,240 | |||||||
| Cosmetics/Personal Care – 2.4% | ||||||||
| Avon Products, Inc. |
6,983 | 144,758 | ||||||
| Colgate-Palmolive Co. |
9,213 | 1,087,410 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
2,036 | 130,365 | ||||||
| Procter & Gamble Co. (The) |
73,552 | 5,667,917 | ||||||
|
|
|
|||||||
| Total Cosmetics/Personal Care | 7,030,450 | |||||||
| Distribution/Wholesale – 0.3% | ||||||||
| Fastenal Co. |
4,508 | 231,486 | ||||||
| Genuine Parts Co. |
4,105 | 320,190 | ||||||
| Owens & Minor, Inc.(a) |
1,985 | 64,631 | ||||||
| Pool Corp. |
837 | $ | 40,176 | |||||
| United Stationers, Inc. |
768 | 29,683 | ||||||
| W.W. Grainger, Inc. |
895 | 201,357 | ||||||
| Watsco, Inc. |
926 | 77,951 | ||||||
|
|
|
|||||||
| Total Distribution/Wholesale | 965,474 | |||||||
| Diversified Financial Services – 2.3% | ||||||||
| American Express Co. |
13,157 | 887,571 | ||||||
| Ameriprise Financial, Inc. |
5,419 | 399,109 | ||||||
| Arlington Asset Investment Corp. Class A |
2,122 | 54,769 | ||||||
| BGC Partners, Inc. Class A |
15,908 | 66,177 | ||||||
| BlackRock, Inc. |
4,422 | 1,135,923 | ||||||
| Calamos Asset Management, Inc. Class A |
1,521 | 17,902 | ||||||
| California First National Bancorp |
1,554 | 26,869 | ||||||
| CBOE Holdings, Inc. |
2,157 | 79,680 | ||||||
| Charles Schwab Corp. (The) |
22,374 | 395,796 | ||||||
| CME Group, Inc. |
10,801 | 663,073 | ||||||
| Cohen & Steers, Inc.(a) |
1,207 | 43,536 | ||||||
| Discover Financial Services |
4,204 | 188,507 | ||||||
| Duff & Phelps Corp. Class A |
1,133 | 17,573 | ||||||
| Eaton Vance Corp. |
3,267 | 136,659 | ||||||
| Evercore Partners, Inc. Class A |
872 | 36,275 | ||||||
| Federated Investors, Inc. Class B(a) |
5,245 | 124,149 | ||||||
| Franklin Resources, Inc. |
2,055 | 309,915 | ||||||
| FXCM, Inc. Class A |
1,250 | 17,100 | ||||||
| GFI Group, Inc. |
6,076 | 20,294 | ||||||
| Greenhill & Co., Inc. |
1,640 | 87,543 | ||||||
| Horizon Technology Finance Corp. |
1,026 | 14,990 | ||||||
| Interactive Brokers Group, Inc. Class A |
1,370 | 20,427 | ||||||
| Janus Capital Group, Inc.(a) |
5,796 | 54,482 | ||||||
| Legg Mason, Inc. |
4,564 | 146,733 | ||||||
| LPL Financial Holdings, Inc. |
1,490 | 48,038 | ||||||
| MarketAxess Holdings, Inc. |
579 | 21,597 | ||||||
| Medley Capital Corp. |
2,312 | 36,645 | ||||||
| NASDAQ OMX Group, Inc. (The) |
3,314 | 107,042 | ||||||
| Nelnet, Inc. Class A |
705 | 23,829 | ||||||
| NYSE Euronext |
10,118 | 390,960 | ||||||
| Raymond James Financial, Inc. |
2,306 | 106,307 | ||||||
| SLM Corp. |
11,462 | 234,742 | ||||||
| T. Rowe Price Group, Inc. |
5,498 | 411,635 | ||||||
| TD Ameritrade Holding Corp. |
13,774 | 284,020 | ||||||
| Waddell & Reed Financial, Inc. Class A |
2,931 | 128,319 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 6,738,186 | |||||||
| Electric – 6.0% | ||||||||
| AES Corp. (The) |
8,240 | 103,577 | ||||||
| ALLETE, Inc. |
1,589 | 77,893 | ||||||
| Alliant Energy Corp. |
3,827 | 192,039 | ||||||
| Ameren Corp. |
10,239 | 358,570 | ||||||
| American Electric Power Co., Inc. |
17,417 | 846,989 | ||||||
| Avista Corp. |
2,215 | 60,691 | ||||||
| Black Hills Corp. |
1,076 | 47,387 | ||||||
| CH Energy Group, Inc. |
627 | 41,000 | ||||||
| Cleco Corp. |
1,575 | 74,072 | ||||||
| CMS Energy Corp. |
8,655 | 241,821 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 15 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Consolidated Edison, Inc. |
10,413 | $ | 635,505 | |||||
| Dominion Resources, Inc. |
19,948 | 1,160,575 | ||||||
| DTE Energy Co. |
5,814 | 397,329 | ||||||
| Duke Energy Corp. |
27,348 | 1,985,191 | ||||||
| Edison International |
7,766 | 390,785 | ||||||
| El Paso Electric Co. |
1,134 | 38,159 | ||||||
| Empire District Electric Co. (The) |
1,920 | 43,008 | ||||||
| Entergy Corp. |
7,502 | 474,426 | ||||||
| Exelon Corp. |
47,470 | 1,636,766 | ||||||
| FirstEnergy Corp. |
18,137 | 765,381 | ||||||
| Great Plains Energy, Inc. |
4,792 | 111,126 | ||||||
| Hawaiian Electric Industries, Inc. |
4,012 | 111,173 | ||||||
| IDACORP, Inc. |
1,308 | 63,137 | ||||||
| Integrys Energy Group, Inc. |
3,329 | 193,615 | ||||||
| ITC Holdings Corp. |
893 | 79,709 | ||||||
| MDU Resources Group, Inc. |
5,005 | 125,075 | ||||||
| MGE Energy, Inc. |
834 | 46,237 | ||||||
| National Fuel Gas Co. |
1,886 | 115,706 | ||||||
| NextEra Energy, Inc. |
11,994 | 931,694 | ||||||
| Northeast Utilities |
8,864 | 385,229 | ||||||
| NorthWestern Corp. |
1,530 | 60,986 | ||||||
| NRG Energy, Inc. |
2,719 | 72,026 | ||||||
| NV Energy, Inc. |
6,974 | 139,689 | ||||||
| OGE Energy Corp. |
2,381 | 166,622 | ||||||
| Otter Tail Corp. |
1,497 | 46,617 | ||||||
| Pepco Holdings, Inc. |
10,649 | 227,889 | ||||||
| PG&E Corp. |
15,531 | 691,595 | ||||||
| Pinnacle West Capital Corp. |
3,824 | 221,371 | ||||||
| PNM Resources, Inc. |
2,207 | 51,401 | ||||||
| Portland General Electric Co. |
3,061 | 92,840 | ||||||
| PPL Corp. |
23,450 | 734,220 | ||||||
| Public Service Enterprise Group, Inc. |
18,579 | 638,003 | ||||||
| SCANA Corp. |
4,771 | 244,084 | ||||||
| Southern Co. (The) |
32,915 | 1,544,372 | ||||||
| TECO Energy, Inc. |
8,615 | 153,519 | ||||||
| UIL Holdings Corp. |
2,373 | 93,947 | ||||||
| Unitil Corp. |
737 | 20,732 | ||||||
| UNS Energy Corp. |
1,315 | 64,356 | ||||||
| Westar Energy, Inc. |
4,767 | 158,169 | ||||||
| Wisconsin Energy Corp. |
5,882 | 252,279 | ||||||
| Xcel Energy, Inc. |
15,854 | 470,864 | ||||||
|
|
|
|||||||
| Total Electric | 17,879,446 | |||||||
| Electrical Components & Equipment – 0.5% | ||||||||
| Acuity Brands, Inc. |
333 | 23,093 | ||||||
| AMETEK, Inc. |
1,530 | 66,341 | ||||||
| Emerson Electric Co. |
18,487 | 1,032,869 | ||||||
| Energizer Holdings, Inc. |
930 | 92,749 | ||||||
| Hubbell, Inc. Class B |
910 | 88,370 | ||||||
| Littelfuse, Inc. |
432 | 29,311 | ||||||
| Molex, Inc. |
2,192 | 64,182 | ||||||
| Molex, Inc. Class A |
3,099 | 74,748 | ||||||
|
|
|
|||||||
| Total Electrical Components & Equipment | 1,471,663 | |||||||
| Electronics – 0.7% | ||||||||
| Agilent Technologies, Inc. |
2,575 | $ | 108,073 | |||||
| American Science & Engineering, Inc. |
290 | 17,687 | ||||||
| Amphenol Corp. Class A |
889 | 66,364 | ||||||
| AVX Corp. |
4,473 | 53,229 | ||||||
| Brady Corp. Class A |
1,215 | 40,739 | ||||||
| FLIR Systems, Inc. |
1,118 | 29,079 | ||||||
| Gentex Corp. |
3,325 | 66,533 | ||||||
| Honeywell International, Inc. |
17,493 | 1,318,098 | ||||||
| Jabil Circuit, Inc. |
2,986 | 55,181 | ||||||
| National Instruments Corp. |
2,077 | 68,022 | ||||||
| PerkinElmer, Inc. |
986 | 33,169 | ||||||
| Thermo Fisher Scientific, Inc. |
2,521 | 192,831 | ||||||
| Woodward, Inc. |
430 | 17,097 | ||||||
|
|
|
|||||||
| Total Electronics | 2,066,102 | |||||||
| Energy-Alternate Sources – 0.0% | ||||||||
| FutureFuel Corp. |
1,489 | 18,091 | ||||||
| Engineering & Construction – 0.1% | ||||||||
| Fluor Corp. |
1,482 | 98,301 | ||||||
| Granite Construction, Inc. |
618 | 19,677 | ||||||
| KBR, Inc. |
834 | 26,755 | ||||||
| URS Corp. |
1,226 | 58,125 | ||||||
|
|
|
|||||||
| Total Engineering & Construction | 202,858 | |||||||
| Entertainment – 0.2% | ||||||||
| Cinemark Holdings, Inc. |
3,307 | 97,358 | ||||||
| International Game Technology |
3,772 | 62,238 | ||||||
| National CineMedia, Inc. |
3,781 | 59,664 | ||||||
| Regal Entertainment Group Class A(a) |
7,471 | 124,541 | ||||||
| Six Flags Entertainment Corp. |
2,452 | 177,721 | ||||||
| Speedway Motorsports, Inc. |
1,433 | 25,780 | ||||||
| Vail Resorts, Inc. |
525 | 32,718 | ||||||
|
|
|
|||||||
| Total Entertainment | 580,020 | |||||||
| Environmental Control – 0.4% | ||||||||
| Covanta Holding Corp. |
2,771 | 55,836 | ||||||
| Mine Safety Appliances Co. |
1,207 | 59,891 | ||||||
| Republic Services, Inc. |
9,461 | 312,213 | ||||||
| U.S. Ecology, Inc. |
809 | 21,479 | ||||||
| Waste Connections, Inc. |
860 | 30,943 | ||||||
| Waste Management, Inc. |
16,296 | 638,966 | ||||||
|
|
|
|||||||
| Total Environmental Control | 1,119,328 | |||||||
| Food – 2.2% | ||||||||
| B&G Foods, Inc. |
1,988 | 60,614 | ||||||
| Campbell Soup Co. |
8,471 | 384,245 | ||||||
| ConAgra Foods, Inc. |
11,354 | 406,587 | ||||||
| Flowers Foods, Inc. |
3,235 | 106,561 | ||||||
| General Mills, Inc. |
16,497 | 813,467 | ||||||
| H.J. Heinz Co. |
9,275 | 670,304 | ||||||
| Harris Teeter Supermarkets, Inc. |
877 | 37,457 | ||||||
| Hershey Co. (The) |
3,064 | 268,192 | ||||||
| Hillshire Brands Co. |
1,926 | 67,699 | ||||||
| Hormel Foods Corp. |
4,635 | 191,518 | ||||||
| Ingredion, Inc. |
1,008 | 72,899 | ||||||
See Notes to Financial Statements.
| 16 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| J.M. Smucker Co. (The) |
2,193 | $ | 217,458 | |||||
| Kellogg Co. |
9,354 | 602,678 | ||||||
| Kroger Co. (The) |
9,951 | 329,776 | ||||||
| Lancaster Colony Corp. |
597 | 45,969 | ||||||
| McCormick & Co., Inc. |
2,120 | 155,926 | ||||||
| Mondelez International, Inc. Class A |
30,284 | 926,993 | ||||||
| Safeway, Inc. |
8,321 | 219,258 | ||||||
| Sanderson Farms, Inc. |
342 | 18,680 | ||||||
| Snyder’s-Lance, Inc. |
1,920 | 48,499 | ||||||
| Sysco Corp. |
17,011 | 598,277 | ||||||
| Tyson Foods, Inc. Class A |
2,086 | 51,775 | ||||||
| Weis Markets, Inc. |
925 | 37,647 | ||||||
| Whole Foods Market, Inc. |
1,208 | 104,794 | ||||||
|
|
|
|||||||
| Total Food | 6,437,273 | |||||||
| Forest Products & Paper – 0.2% | ||||||||
| International Paper Co. |
11,449 | 533,294 | ||||||
| MeadWestvaco Corp. |
4,601 | 167,016 | ||||||
| PH Glatfelter Co. |
1,194 | 27,916 | ||||||
|
|
|
|||||||
| Total Forest Products & Paper | 728,226 | |||||||
| Gas – 0.7% | ||||||||
| AGL Resources, Inc. |
4,317 | 181,098 | ||||||
| Atmos Energy Corp. |
2,853 | 121,795 | ||||||
| CenterPoint Energy, Inc. |
14,474 | 346,797 | ||||||
| Chesapeake Utilities Corp. |
178 | 8,731 | ||||||
| Laclede Group, Inc. (The) |
987 | 42,145 | ||||||
| New Jersey Resources Corp. |
862 | 38,661 | ||||||
| NiSource, Inc. |
9,340 | 274,036 | ||||||
| Northwest Natural Gas Co. |
509 | 22,304 | ||||||
| Piedmont Natural Gas Co., Inc. |
2,298 | 75,558 | ||||||
| Questar Corp. |
4,980 | 121,163 | ||||||
| Sempra Energy |
6,675 | 533,600 | ||||||
| South Jersey Industries, Inc. |
599 | 33,298 | ||||||
| Southwest Gas Corp. |
630 | 29,900 | ||||||
| UGI Corp. |
3,165 | 121,504 | ||||||
| Vectren Corp. |
3,468 | 122,837 | ||||||
| WGL Holdings, Inc. |
1,702 | 75,058 | ||||||
|
|
|
|||||||
| Total Gas | 2,148,485 | |||||||
| Hand/Machine Tools – 0.2% | ||||||||
| Kennametal, Inc. |
1,121 | 43,764 | ||||||
| Lincoln Electric Holdings, Inc. |
1,066 | 57,756 | ||||||
| Regal-Beloit Corp. |
423 | 34,500 | ||||||
| Snap-On, Inc. |
961 | 79,474 | ||||||
| Stanley Black & Decker, Inc. |
3,664 | 296,674 | ||||||
|
|
|
|||||||
| Total Hand/Machine Tools | 512,168 | |||||||
| Healthcare-Products – 1.2% | ||||||||
| Baxter International, Inc. |
12,308 | 894,053 | ||||||
| Becton Dickinson and Co. |
4,112 | 393,148 | ||||||
| C.R. Bard, Inc. |
563 | 56,739 | ||||||
| CONMED Corp. |
738 | 25,136 | ||||||
| DENTSPLY International, Inc. |
816 | 34,615 | ||||||
| Hill-Rom Holdings, Inc. |
872 | 30,712 | ||||||
| Medtronic, Inc. |
20,838 | 978,552 | ||||||
| Meridian Bioscience, Inc.(a) |
1,878 | $ | 42,856 | |||||
| Patterson Cos., Inc. |
1,321 | 50,251 | ||||||
| ResMed, Inc.(a) |
1,745 | 80,898 | ||||||
| St. Jude Medical, Inc. |
6,633 | 268,239 | ||||||
| STERIS Corp. |
801 | 33,330 | ||||||
| Stryker Corp. |
4,826 | 314,848 | ||||||
| Techne Corp. |
584 | 39,624 | ||||||
| Teleflex, Inc. |
707 | 59,749 | ||||||
| West Pharmaceutical Services, Inc. |
501 | 32,535 | ||||||
| Zimmer Holdings, Inc. |
1,383 | 104,029 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 3,439,314 | |||||||
| Healthcare-Services – 0.5% | ||||||||
| Aetna, Inc. |
4,220 | 215,726 | ||||||
| Coventry Health Care, Inc. |
1,144 | 53,802 | ||||||
| Humana, Inc. |
1,953 | 134,972 | ||||||
| National Healthcare Corp. |
459 | 20,986 | ||||||
| Quest Diagnostics, Inc. |
2,500 | 141,125 | ||||||
| UnitedHealth Group, Inc. |
13,003 | 743,902 | ||||||
| WellPoint, Inc. |
4,745 | 314,261 | ||||||
|
|
|
|||||||
| Total Healthcare-Services | 1,624,774 | |||||||
| Holding Companies-Diversified – 0.0% | ||||||||
| Leucadia National Corp. |
4,463 | 122,420 | ||||||
| Home Builders – 0.1% | ||||||||
| D.R. Horton, Inc. |
2,197 | 53,387 | ||||||
| KB Home(a) |
1,106 | 24,078 | ||||||
| Lennar Corp. Class A(a) |
637 | 26,423 | ||||||
| MDC Holdings, Inc. |
1,445 | 52,959 | ||||||
| Ryland Group, Inc. (The) |
388 | 16,148 | ||||||
| Thor Industries, Inc. |
1,096 | 40,322 | ||||||
|
|
|
|||||||
| Total Home Builders | 213,317 | |||||||
| Home Furnishings – 0.1% | ||||||||
| Harman International Industries, Inc. |
510 | 22,761 | ||||||
| Whirlpool Corp. |
1,376 | 163,001 | ||||||
|
|
|
|||||||
| Total Home Furnishings | 185,762 | |||||||
| Household Products/Wares – 0.7% | ||||||||
| American Greetings Corp. Class A |
586 | 9,435 | ||||||
| Avery Dennison Corp. |
2,676 | 115,255 | ||||||
| Church & Dwight Co., Inc. |
1,694 | 109,483 | ||||||
| Clorox Co. (The) |
3,670 | 324,905 | ||||||
| Ennis, Inc. |
1,387 | 20,902 | ||||||
| Kimberly-Clark Corp. |
11,462 | 1,123,047 | ||||||
| Scotts Miracle-Gro Co. (The) Class A(a) |
1,398 | 60,450 | ||||||
| Spectrum Brands Holdings, Inc. |
956 | 54,100 | ||||||
| Tupperware Brands Corp. |
1,116 | 91,222 | ||||||
| WD-40 Co. |
525 | 28,754 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 1,937,553 | |||||||
| Housewares – 0.1% | ||||||||
| Newell Rubbermaid, Inc. |
6,432 | 167,875 | ||||||
| Toro Co. (The) |
609 | 28,039 | ||||||
|
|
|
|||||||
| Total Housewares | 195,914 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 17 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Insurance – 2.5% | ||||||||
| Aflac, Inc. |
10,374 | $ | 539,655 | |||||
| Allstate Corp. (The) |
8,954 | 439,373 | ||||||
| American Financial Group, Inc. |
1,705 | 80,783 | ||||||
| American National Insurance Co. |
1,118 | 97,121 | ||||||
| AmTrust Financial Services, Inc. |
1,129 | 39,120 | ||||||
| Arthur J. Gallagher & Co. |
3,911 | 161,563 | ||||||
| Assurant, Inc. |
1,499 | 67,470 | ||||||
| Baldwin & Lyons, Inc. Class B |
816 | 19,413 | ||||||
| Brown & Brown, Inc. |
2,005 | 64,240 | ||||||
| Chubb Corp. (The) |
4,747 | 415,505 | ||||||
| Cincinnati Financial Corp. |
5,619 | 265,161 | ||||||
| CNA Financial Corp. |
4,578 | 149,655 | ||||||
| Donegal Group, Inc. Class A |
1,114 | 17,011 | ||||||
| Erie Indemnity Co. Class A |
1,130 | 85,349 | ||||||
| Fidelity National Financial, Inc. Class A |
5,228 | 131,902 | ||||||
| First American Financial Corp. |
2,166 | 55,385 | ||||||
| Hanover Insurance Group, Inc. (The) |
1,456 | 72,334 | ||||||
| Hartford Financial Services Group, Inc. |
6,561 | 169,274 | ||||||
| HCC Insurance Holdings, Inc. |
1,622 | 68,173 | ||||||
| Horace Mann Educators Corp. |
1,484 | 30,941 | ||||||
| Kemper Corp. |
1,882 | 61,372 | ||||||
| Lincoln National Corp. |
4,093 | 133,473 | ||||||
| Loews Corp. |
2,233 | 98,408 | ||||||
| Marsh & McLennan Cos., Inc. |
11,928 | 452,906 | ||||||
| Mercury General Corp. |
2,515 | 95,394 | ||||||
| MetLife, Inc. |
20,116 | 764,810 | ||||||
| Old Republic International Corp. |
14,501 | 184,308 | ||||||
| Principal Financial Group, Inc. |
7,315 | 248,929 | ||||||
| ProAssurance Corp. |
632 | 29,912 | ||||||
| Progressive Corp. (The) |
9,558 | 241,531 | ||||||
| Protective Life Corp. |
1,763 | 63,115 | ||||||
| Prudential Financial, Inc. |
12,191 | 719,147 | ||||||
| Reinsurance Group of America, Inc. |
901 | 53,763 | ||||||
| RLI Corp. |
529 | 38,009 | ||||||
| Safety Insurance Group, Inc. |
809 | 39,762 | ||||||
| Selective Insurance Group, Inc. |
1,707 | 40,985 | ||||||
| StanCorp Financial Group, Inc. |
1,208 | 51,654 | ||||||
| State Auto Financial Corp. |
2,072 | 36,094 | ||||||
| Symetra Financial Corp. |
3,200 | 42,912 | ||||||
| Torchmark Corp. |
993 | 59,381 | ||||||
| Travelers Cos., Inc. (The) |
8,068 | 679,245 | ||||||
| United Fire Group, Inc. |
915 | 23,305 | ||||||
| Universal Insurance Holdings, Inc. |
3,253 | 15,777 | ||||||
| Unum Group |
4,891 | 138,171 | ||||||
| W.R. Berkley Corp. |
1,135 | 50,360 | ||||||
|
|
|
|||||||
| Total Insurance | 7,332,151 | |||||||
| Internet – 0.1% | ||||||||
| Earthlink, Inc. |
4,266 | 23,122 | ||||||
| Expedia, Inc. |
885 | 53,109 | ||||||
| IAC/InterActiveCorp |
1,379 | 61,614 | ||||||
| Nutrisystem, Inc. |
1,786 | 15,145 | ||||||
| United Online, Inc. |
4,811 | 29,010 | ||||||
|
|
|
|||||||
| Total Internet | 182,000 | |||||||
| Iron/Steel – 0.3% | ||||||||
| Allegheny Technologies, Inc. |
1,729 | $ | 54,827 | |||||
| Carpenter Technology Corp. |
304 | 14,984 | ||||||
| Cliffs Natural Resources, Inc.(a) |
8,048 | 152,992 | ||||||
| Commercial Metals Co. |
3,175 | 50,324 | ||||||
| Nucor Corp. |
8,889 | 410,227 | ||||||
| Reliance Steel & Aluminum Co. |
972 | 69,177 | ||||||
| Steel Dynamics, Inc. |
5,850 | 92,840 | ||||||
| United States Steel Corp.(a) |
1,182 | 23,049 | ||||||
|
|
|
|||||||
| Total Iron/Steel | 868,420 | |||||||
| Leisure Time – 0.1% | ||||||||
| Callaway Golf Co. |
2,687 | 17,788 | ||||||
| Harley-Davidson, Inc. |
2,403 | 128,080 | ||||||
| Polaris Industries, Inc. |
936 | 86,570 | ||||||
|
|
|
|||||||
| Total Leisure Time | 232,438 | |||||||
| Lodging – 0.5% | ||||||||
| Ameristar Casinos, Inc. |
972 | 25,496 | ||||||
| Choice Hotels International, Inc. |
1,372 | 58,049 | ||||||
| Las Vegas Sands Corp. |
13,699 | 771,939 | ||||||
| Marriott International, Inc. Class A |
3,670 | 154,984 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc. |
3,668 | 233,762 | ||||||
| Wyndham Worldwide Corp. |
2,061 | 132,893 | ||||||
| Wynn Resorts Ltd. |
1,501 | 187,865 | ||||||
|
|
|
|||||||
| Total Lodging | 1,564,988 | |||||||
| Machinery-Construction & Mining – 0.4% | ||||||||
| Caterpillar, Inc. |
13,273 | 1,154,353 | ||||||
| Joy Global, Inc. |
887 | 52,794 | ||||||
|
|
|
|||||||
| Total Machinery-Construction & Mining | 1,207,147 | |||||||
| Machinery-Diversified – 0.6% | ||||||||
| Albany International Corp. Class A |
734 | 21,213 | ||||||
| Applied Industrial Technologies, Inc. |
934 | 42,030 | ||||||
| Babcock & Wilcox Co. (The) |
1,209 | 34,348 | ||||||
| Briggs & Stratton Corp. |
194 | 4,811 | ||||||
| Cognex Corp. |
709 | 29,884 | ||||||
| Cummins, Inc. |
2,927 | 338,976 | ||||||
| Deere & Co. |
7,562 | 650,181 | ||||||
| Flowserve Corp. |
426 | 71,444 | ||||||
| Graco, Inc. |
929 | 53,910 | ||||||
| IDEX Corp. |
1,392 | 74,361 | ||||||
| NACCO Industries, Inc. Class A |
210 | 11,206 | ||||||
| Nordson Corp. |
572 | 37,723 | ||||||
| Rockwell Automation, Inc. |
2,695 | 232,713 | ||||||
| Roper Industries, Inc. |
436 | 55,507 | ||||||
| Sauer-Danfoss, Inc. |
1,039 | 60,709 | ||||||
| Xylem, Inc. |
2,061 | 56,801 | ||||||
|
|
|
|||||||
| Total Machinery-Diversified | 1,775,817 | |||||||
| Media – 2.2% | ||||||||
| Belo Corp. Class A |
3,651 | 35,889 | ||||||
| Cablevision Systems Corp. Class A |
7,754 | 116,000 | ||||||
| CBS Corp. Class A |
732 | 33,914 | ||||||
| CBS Corp. Class B |
6,546 | 305,633 | ||||||
| Comcast Corp. Class A |
30,126 | 1,265,593 | ||||||
See Notes to Financial Statements.
| 18 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Comcast Corp. Special Class A |
7,925 | $ | 313,988 | |||||
| Courier Corp. |
1,430 | 20,606 | ||||||
| Factset Research Systems, Inc.(a) |
511 | 47,319 | ||||||
| Gannett Co., Inc. |
7,956 | 173,998 | ||||||
| John Wiley & Sons, Inc. Class A |
1,237 | 48,194 | ||||||
| McGraw-Hill Cos., Inc. (The) |
4,419 | 230,141 | ||||||
| Meredith Corp. |
1,653 | 63,244 | ||||||
| News Corp. Class A |
9,210 | 281,089 | ||||||
| News Corp. Class B |
4,565 | 140,419 | ||||||
| Scripps Networks Interactive, Inc. Class A |
907 | 58,356 | ||||||
| Sinclair Broadcast Group, Inc. Class A |
2,411 | 48,799 | ||||||
| Time Warner Cable, Inc. |
6,023 | 578,569 | ||||||
| Time Warner, Inc. |
17,535 | 1,010,367 | ||||||
| Viacom, Inc. Class A |
905 | 57,069 | ||||||
| Viacom, Inc. Class B |
7,831 | 482,155 | ||||||
| Walt Disney Co. (The) |
22,190 | 1,260,392 | ||||||
| Washington Post Co. (The) Class B(a) |
145 | 64,815 | ||||||
| World Wrestling Entertainment, Inc. Class A |
3,111 | 27,439 | ||||||
|
|
|
|||||||
| Total Media | 6,663,988 | |||||||
| Metal Fabricate/Hardware – 0.1% | ||||||||
| Kaydon Corp. |
188 | 4,809 | ||||||
| Mueller Industries, Inc. |
485 | 25,846 | ||||||
| Timken Co. (The) |
1,521 | 86,058 | ||||||
| Worthington Industries, Inc. |
1,605 | 49,723 | ||||||
|
|
|
|||||||
| Total Metal Fabricate/Hardware | 166,436 | |||||||
| Mining – 1.0% | ||||||||
| Alcoa, Inc. |
12,336 | 105,103 | ||||||
| AMCOL International Corp. |
802 | 24,212 | ||||||
| Compass Minerals International, Inc. |
613 | 48,366 | ||||||
| Freeport-McMoRan Copper & Gold, Inc. |
28,494 | 943,151 | ||||||
| Globe Specialty Metals, Inc. |
1,336 | 18,597 | ||||||
| Gold Resource Corp. |
1,394 | 18,164 | ||||||
| Hecla Mining Co. |
4,012 | 15,847 | ||||||
| Kaiser Aluminum Corp. |
199 | 12,865 | ||||||
| Newmont Mining Corp. |
12,920 | 541,219 | ||||||
| Royal Gold, Inc. |
514 | 36,510 | ||||||
| Southern Copper Corp. |
30,830 | 1,158,283 | ||||||
| Vulcan Materials Co. |
287 | 14,838 | ||||||
|
|
|
|||||||
| Total Mining | 2,937,155 | |||||||
| Miscellaneous Manufacturing – 3.4% | ||||||||
| 3M Co. |
14,641 | 1,556,485 | ||||||
| A.O. Smith Corp. |
318 | 23,395 | ||||||
| Aptargroup, Inc. |
890 | 51,041 | ||||||
| Barnes Group, Inc. |
1,287 | 37,233 | ||||||
| Carlisle Cos., Inc. |
792 | 53,690 | ||||||
| CLARCOR, Inc. |
697 | 36,509 | ||||||
| Crane Co. |
1,206 | 67,367 | ||||||
| Danaher Corp. |
1,081 | 67,184 | ||||||
| Donaldson Co., Inc. |
1,162 | 42,053 | ||||||
| Dover Corp. |
3,194 | 232,779 | ||||||
| General Electric Co. |
279,891 | 6,471,080 | ||||||
| Harsco Corp. |
3,002 | 74,359 | ||||||
| Hillenbrand, Inc. |
2,317 | $ | 58,574 | |||||
| Illinois Tool Works, Inc. |
11,318 | 689,719 | ||||||
| ITT Corp. |
1,605 | 45,630 | ||||||
| Koppers Holdings, Inc. |
705 | 31,006 | ||||||
| Leggett & Platt, Inc. |
5,130 | 173,291 | ||||||
| NL Industries, Inc. |
2,962 | 36,818 | ||||||
| Pall Corp. |
1,215 | 83,070 | ||||||
| Parker Hannifin Corp. |
2,342 | 214,480 | ||||||
| SPX Corp. |
813 | 64,194 | ||||||
| Sturm Ruger & Co., Inc. |
678 | 34,395 | ||||||
| Textron, Inc. |
828 | 24,683 | ||||||
| Trinity Industries, Inc. |
916 | 41,522 | ||||||
|
|
|
|||||||
| Total Miscellaneous Manufacturing | 10,210,557 | |||||||
| Office Furnishings – 0.0% | ||||||||
| HNI Corp. |
1,283 | 45,534 | ||||||
| Knoll, Inc. |
1,491 | 27,032 | ||||||
| Steelcase, Inc. Class A |
3,277 | 48,270 | ||||||
|
|
|
|||||||
| Total Office Furnishings | 120,836 | |||||||
| Office/Business Equipment – 0.2% | ||||||||
| Pitney Bowes, Inc.(a) |
22,064 | 327,871 | ||||||
| Xerox Corp. |
33,304 | 286,414 | ||||||
|
|
|
|||||||
| Total Office/Business Equipment | 614,285 | |||||||
| Oil & Gas – 8.1% | ||||||||
| Anadarko Petroleum Corp. |
2,004 | 175,250 | ||||||
| Apache Corp. |
2,877 | 221,989 | ||||||
| Berry Petroleum Co. Class A |
520 | 24,071 | ||||||
| Chesapeake Energy Corp. |
10,884 | 222,143 | ||||||
| Chevron Corp. |
53,455 | 6,351,523 | ||||||
| Cimarex Energy Co. |
380 | 28,667 | ||||||
| ConocoPhillips |
45,153 | 2,713,695 | ||||||
| Delek US Holdings, Inc. |
964 | 38,040 | ||||||
| Devon Energy Corp. |
5,111 | 288,363 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
5,347 | 371,937 | ||||||
| Energen Corp. |
398 | 20,700 | ||||||
| EOG Resources, Inc. |
1,271 | 162,777 | ||||||
| EQT Corp. |
2,331 | 157,925 | ||||||
| EXCO Resources, Inc.(a) |
1,162 | 8,285 | ||||||
| Exxon Mobil Corp. |
96,952 | 8,736,345 | ||||||
| Helmerich & Payne, Inc. |
382 | 23,187 | ||||||
| Hess Corp. |
2,136 | 152,959 | ||||||
| HollyFrontier Corp. |
2,923 | 150,388 | ||||||
| Marathon Oil Corp. |
12,668 | 427,165 | ||||||
| Marathon Petroleum Corp. |
6,722 | 602,291 | ||||||
| Murphy Oil Corp. |
3,374 | 215,025 | ||||||
| Noble Energy, Inc. |
1,449 | 167,591 | ||||||
| Occidental Petroleum Corp. |
19,012 | 1,489,971 | ||||||
| Patterson-UTI Energy, Inc. |
1,973 | 47,036 | ||||||
| Phillips 66 |
9,251 | 647,293 | ||||||
| Pioneer Natural Resources Co. |
2 | 249 | ||||||
| Range Resources Corp. |
380 | 30,795 | ||||||
| Tesoro Corp. |
1,448 | 84,780 | ||||||
| Valero Energy Corp. |
9,744 | 443,255 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 19 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| W&T Offshore, Inc.(a) |
1,435 | $ | 20,377 | |||||
| Western Refining, Inc.(a) |
830 | 29,390 | ||||||
|
|
|
|||||||
| Total Oil & Gas | 24,053,462 | |||||||
| Oil & Gas Services – 0.3% | ||||||||
| Baker Hughes, Inc. |
5,547 | 257,436 | ||||||
| CARBO Ceramics, Inc.(a) |
140 | 12,750 | ||||||
| Halliburton Co. |
8,027 | 324,371 | ||||||
| Lufkin Industries, Inc. |
353 | 23,436 | ||||||
| National Oilwell Varco, Inc. |
2,675 | 189,256 | ||||||
| Oceaneering International, Inc. |
1,116 | 74,114 | ||||||
| RPC, Inc.(a) |
4,365 | 66,217 | ||||||
| Targa Resources Corp. |
1,198 | 81,416 | ||||||
|
|
|
|||||||
| Total Oil & Gas Services | 1,028,996 | |||||||
| Packaging & Containers – 0.2% | ||||||||
| Ball Corp. |
1,284 | 61,093 | ||||||
| Bemis Co., Inc. |
2,498 | 100,819 | ||||||
| Greif, Inc. Class A |
921 | 49,384 | ||||||
| Greif, Inc. Class B |
1,072 | 60,139 | ||||||
| Packaging Corp. of America |
2,269 | 101,810 | ||||||
| Rock-Tenn Co. Class A |
804 | 74,603 | ||||||
| Sealed Air Corp. |
4,857 | 117,102 | ||||||
| Silgan Holdings, Inc. |
778 | 36,761 | ||||||
| Sonoco Products Co. |
3,109 | 108,784 | ||||||
|
|
|
|||||||
| Total Packaging & Containers | 710,495 | |||||||
| Pharmaceuticals – 8.1% | ||||||||
| Abbott Laboratories |
40,925 | 1,445,471 | ||||||
| Allergan, Inc. |
627 | 69,992 | ||||||
| AmerisourceBergen Corp. |
3,675 | 189,079 | ||||||
| Bristol-Myers Squibb Co. |
56,493 | 2,326,947 | ||||||
| Cardinal Health, Inc. |
7,216 | 300,330 | ||||||
| Eli Lilly & Co. |
38,718 | 2,198,795 | ||||||
| Johnson & Johnson |
79,344 | 6,468,916 | ||||||
| McKesson Corp. |
1,650 | 178,134 | ||||||
| Mead Johnson Nutrition Co. |
2,998 | 232,195 | ||||||
| Merck & Co., Inc. |
98,932 | 4,375,762 | ||||||
| Omnicare, Inc. |
1,362 | 55,461 | ||||||
| Perrigo Co. |
287 | 34,075 | ||||||
| Pfizer, Inc. |
210,872 | 6,085,766 | ||||||
| Questcor Pharmaceuticals, Inc.(a) |
1,450 | 47,183 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 24,008,106 | |||||||
| Pipelines – 1.0% | ||||||||
| Crosstex Energy, Inc. |
1,641 | 31,606 | ||||||
| Kinder Morgan, Inc. |
33,978 | 1,314,269 | ||||||
| ONEOK, Inc. |
4,812 | 229,388 | ||||||
| Spectra Energy Corp. |
23,452 | 721,149 | ||||||
| Williams Cos., Inc. (The) |
20,222 | 757,516 | ||||||
|
|
|
|||||||
| Total Pipelines | 3,053,928 | |||||||
| Private Equity – 0.0% | ||||||||
| Gladstone Investment Corp. |
2,673 | 19,540 | ||||||
| Hercules Technology Growth Capital, Inc. |
5,184 | 63,504 | ||||||
|
|
|
|||||||
| Total Private Equity | 83,044 | |||||||
| Real Estate – 0.1% | ||||||||
| Sovran Self Storage, Inc. |
888 | $ | 57,267 | |||||
| WP Carey, Inc. |
2,792 | 188,181 | ||||||
|
|
|
|||||||
| Total Real Estate | 245,448 | |||||||
| Real Estate Investment Trusts (REITs) – 5.5% | ||||||||
| Acadia Realty Trust |
1,551 | 43,071 | ||||||
| Agree Realty Corp. |
837 | 25,194 | ||||||
| Alexander’s, Inc. |
163 | 53,739 | ||||||
| Alexandria Real Estate Equities, Inc. |
1,473 | 104,554 | ||||||
| American Assets Trust, Inc. |
1,560 | 49,936 | ||||||
| American Campus Communities, Inc. |
2,105 | 95,441 | ||||||
| American Tower Corp. |
3,608 | 277,527 | ||||||
| Apartment Investment & Management Co. Class A |
3,625 | 111,142 | ||||||
| Ashford Hospitality Trust, Inc. |
3,431 | 42,407 | ||||||
| Associated Estates Realty Corp. |
486 | 9,059 | ||||||
| AvalonBay Communities, Inc. |
2,644 | 334,915 | ||||||
| BioMed Realty Trust, Inc. |
5,852 | 126,403 | ||||||
| Boston Properties, Inc. |
3,031 | 306,313 | ||||||
| Brandywine Realty Trust |
6,794 | 100,891 | ||||||
| BRE Properties, Inc. |
1,992 | 96,971 | ||||||
| Camden Property Trust |
2,074 | 142,442 | ||||||
| Campus Crest Communities, Inc. |
2,104 | 29,246 | ||||||
| CapLease, Inc. |
2,379 | 15,154 | ||||||
| CBL & Associates Properties, Inc. |
5,735 | 135,346 | ||||||
| Cedar Realty Trust, Inc. |
4,050 | 24,745 | ||||||
| Chesapeake Lodging Trust |
2,082 | 47,761 | ||||||
| Colonial Properties Trust |
2,842 | 64,258 | ||||||
| CommonWealth REIT |
5,127 | 115,050 | ||||||
| Corporate Office Properties Trust |
3,407 | 90,899 | ||||||
| Cousins Properties, Inc. |
2,624 | 28,051 | ||||||
| CubeSmart |
3,243 | 51,239 | ||||||
| DCT Industrial Trust, Inc. |
12,552 | 92,885 | ||||||
| DDR Corp. |
7,704 | 134,204 | ||||||
| DiamondRock Hospitality Co. |
3,936 | 36,644 | ||||||
| Digital Realty Trust, Inc.(a) |
4,310 | 288,382 | ||||||
| Douglas Emmett, Inc. |
3,006 | 74,940 | ||||||
| Duke Realty Corp. |
11,502 | 195,304 | ||||||
| DuPont Fabros Technology, Inc. |
2,003 | 48,613 | ||||||
| EastGroup Properties, Inc. |
935 | 54,417 | ||||||
| Education Realty Trust, Inc. |
1,766 | 18,596 | ||||||
| EPR Properties |
2,693 | 140,171 | ||||||
| Equity Lifestyle Properties, Inc. |
712 | 54,682 | ||||||
| Equity One, Inc. |
4,581 | 109,807 | ||||||
| Equity Residential |
6,132 | 337,628 | ||||||
| Essex Property Trust, Inc. |
899 | 135,371 | ||||||
| Excel Trust, Inc. |
1,759 | 24,010 | ||||||
| Extra Space Storage, Inc. |
2,456 | 96,447 | ||||||
| Federal Realty Investment Trust |
1,501 | 162,168 | ||||||
| First Potomac Realty Trust |
2,583 | 38,306 | ||||||
| Franklin Street Properties Corp. |
5,133 | 75,044 | ||||||
| General Growth Properties, Inc. |
17,689 | 351,657 | ||||||
| Getty Realty Corp. |
1,139 | 23,019 | ||||||
| Gladstone Commercial Corp.(a) |
1,236 | 24,065 | ||||||
See Notes to Financial Statements.
| 20 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| Glimcher Realty Trust |
5,253 | $ | 60,935 | |||||
| Government Properties Income Trust |
3,211 | 82,619 | ||||||
| HCP, Inc. |
16,702 | 832,762 | ||||||
| Health Care REIT, Inc. |
11,114 | 754,752 | ||||||
| Healthcare Realty Trust, Inc. |
4,055 | 115,121 | ||||||
| Healthcare Trust of America, Inc. Class A |
2,607 | 30,632 | ||||||
| Hersha Hospitality Trust |
3,858 | 22,531 | ||||||
| Highwoods Properties, Inc.(a) |
3,331 | 131,808 | ||||||
| Home Properties, Inc. |
1,887 | 119,674 | ||||||
| Hospitality Properties Trust |
8,132 | 223,142 | ||||||
| Host Hotels & Resorts, Inc. |
13,166 | 230,273 | ||||||
| Hudson Pacific Properties, Inc. |
1,416 | 30,798 | ||||||
| Inland Real Estate Corp. |
6,176 | 62,316 | ||||||
| Investors Real Estate Trust |
5,251 | 51,827 | ||||||
| Kilroy Realty Corp. |
1,995 | 104,538 | ||||||
| Kimco Realty Corp. |
14,732 | 329,997 | ||||||
| Kite Realty Group Trust |
4,197 | 28,288 | ||||||
| LaSalle Hotel Properties |
2,256 | 57,257 | ||||||
| Lexington Realty Trust |
8,357 | 98,613 | ||||||
| Liberty Property Trust |
5,365 | 213,259 | ||||||
| LTC Properties, Inc. |
1,304 | 53,112 | ||||||
| Macerich Co. (The) |
4,553 | 293,122 | ||||||
| Mack-Cali Realty Corp. |
5,164 | 147,742 | ||||||
| Medical Properties Trust, Inc. |
5,646 | 90,562 | ||||||
| Mid-America Apartment Communities, Inc. |
1,280 | 88,397 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
2,927 | 32,636 | ||||||
| National Health Investors, Inc. |
1,258 | 82,336 | ||||||
| National Retail Properties, Inc.(a) |
4,910 | 177,595 | ||||||
| Omega Healthcare Investors, Inc. |
7,417 | 225,180 | ||||||
| One Liberty Properties, Inc. |
802 | 17,419 | ||||||
| Parkway Properties, Inc. |
1,405 | 26,063 | ||||||
| Pebblebrook Hotel Trust |
1,355 | 34,945 | ||||||
| Pennsylvania Real Estate Investment Trust |
2,200 | 42,658 | ||||||
| Piedmont Office Realty Trust, Inc. Class A |
6,730 | 131,841 | ||||||
| Plum Creek Timber Co., Inc. |
5,193 | 271,075 | ||||||
| Post Properties, Inc. |
1,006 | 47,383 | ||||||
| Potlatch Corp. |
1,349 | 61,865 | ||||||
| Prologis, Inc. |
12,236 | 489,195 | ||||||
| PS Business Parks, Inc. |
506 | 39,933 | ||||||
| Public Storage |
4,304 | 655,585 | ||||||
| Ramco-Gershenson Properties Trust |
513 | 8,618 | ||||||
| Rayonier, Inc. |
3,559 | 212,366 | ||||||
| Realty Income Corp. |
7,251 | 328,833 | ||||||
| Regency Centers Corp. |
3,089 | 163,439 | ||||||
| Retail Opportunity Investments Corp. |
1,879 | 26,325 | ||||||
| Retail Properties of America, Inc. Class A |
6,146 | 90,961 | ||||||
| RLJ Lodging Trust |
3,328 | 75,745 | ||||||
| Sabra Health Care REIT, Inc. |
2,369 | 68,725 | ||||||
| Saul Centers, Inc. |
773 | 33,811 | ||||||
| Select Income REIT |
1,931 | 51,075 | ||||||
| Senior Housing Properties Trust |
9,496 | 254,778 | ||||||
| Simon Property Group, Inc. |
7,164 | 1,135,924 | ||||||
| SL Green Realty Corp. |
1,211 | 104,279 | ||||||
| STAG Industrial, Inc. |
1,660 | 35,308 | ||||||
| Sun Communities, Inc. |
1,716 | $ | 84,650 | |||||
| Tanger Factory Outlet Centers, Inc. |
2,192 | 79,307 | ||||||
| Taubman Centers, Inc. |
1,229 | 95,444 | ||||||
| UDR, Inc. |
7,691 | 186,045 | ||||||
| Universal Health Realty Income Trust |
171 | 9,868 | ||||||
| Urstadt Biddle Properties, Inc. Class A |
33 | 718 | ||||||
| Ventas, Inc. |
9,580 | 701,256 | ||||||
| Vornado Realty Trust |
5,365 | 448,729 | ||||||
| Washington Real Estate Investment Trust |
2,835 | 78,926 | ||||||
| Weingarten Realty Investors |
4,457 | 140,618 | ||||||
| Weyerhaeuser Co. |
11,372 | 356,853 | ||||||
| Winthrop Realty Trust |
2,454 | 30,871 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 16,431,372 | |||||||
| Retail – 6.2% | ||||||||
| Abercrombie & Fitch Co. Class A |
1,261 | 58,258 | ||||||
| Advance Auto Parts, Inc. |
235 | 19,423 | ||||||
| American Eagle Outfitters, Inc. |
3,622 | 67,731 | ||||||
| Best Buy Co., Inc. |
15,379 | 340,645 | ||||||
| Bob Evans Farms, Inc. |
897 | 38,230 | ||||||
| Brinker International, Inc. |
1,941 | 73,079 | ||||||
| Buckle, Inc. (The) |
1,161 | 54,161 | ||||||
| Burger King Worldwide, Inc.(a) |
2,482 | 47,406 | ||||||
| Casey’s General Stores, Inc. |
58 | 3,381 | ||||||
| Cato Corp. (The) Class A |
1,309 | 31,599 | ||||||
| CEC Entertainment, Inc. |
573 | 18,766 | ||||||
| Cheesecake Factory, Inc. (The) |
800 | 30,888 | ||||||
| Chico’s FAS, Inc. |
1,771 | 29,753 | ||||||
| Costco Wholesale Corp. |
4,132 | 438,447 | ||||||
| Cracker Barrel Old Country Store, Inc. |
360 | 29,106 | ||||||
| CVS Caremark Corp. |
13,763 | 756,827 | ||||||
| Darden Restaurants, Inc. |
4,273 | 220,829 | ||||||
| Dick’s Sporting Goods, Inc. |
1,085 | 51,320 | ||||||
| DSW, Inc. Class A |
469 | 29,922 | ||||||
| Dunkin’ Brands Group, Inc. |
1,525 | 56,242 | ||||||
| Family Dollar Stores, Inc. |
1,265 | 74,698 | ||||||
| Foot Locker, Inc. |
2,786 | 95,393 | ||||||
| GameStop Corp. Class A(a) |
3,404 | 95,210 | ||||||
| Gap, Inc. (The) |
6,531 | 231,197 | ||||||
| GNC Holdings, Inc. Class A |
1,028 | 40,380 | ||||||
| Guess?, Inc. |
2,206 | 54,775 | ||||||
| Home Depot, Inc. (The) |
23,487 | 1,638,923 | ||||||
| Hot Topic, Inc. |
2,083 | 28,912 | ||||||
| HSN, Inc. |
694 | 38,073 | ||||||
| Kohl’s Corp. |
5,747 | 265,109 | ||||||
| L Brands, Inc. |
4,920 | 219,727 | ||||||
| Lowe’s Cos., Inc. |
17,425 | 660,756 | ||||||
| Macy’s, Inc. |
6,642 | 277,901 | ||||||
| McDonald’s Corp. |
28,175 | 2,808,766 | ||||||
| Men’s Wearhouse, Inc. (The) |
898 | 30,011 | ||||||
| MSC Industrial Direct Co. Class A |
696 | 59,703 | ||||||
| Nordstrom, Inc. |
3,719 | 205,400 | ||||||
| Nu Skin Enterprises, Inc. Class A(a) |
913 | 40,355 | ||||||
| Penske Automotive Group, Inc. |
1,579 | 52,675 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 21 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| PetSmart, Inc. |
846 | $ | 52,537 | |||||
| Pier 1 Imports, Inc. |
982 | 22,586 | ||||||
| Regis Corp. |
1,022 | 18,590 | ||||||
| Ross Stores, Inc. |
1,966 | 119,179 | ||||||
| Staples, Inc. |
19,751 | 265,256 | ||||||
| Starbucks Corp. |
9,546 | 543,740 | ||||||
| Target Corp. |
12,531 | 857,747 | ||||||
| Texas Roadhouse, Inc. |
1,624 | 32,789 | ||||||
| Tiffany & Co. |
2,222 | 154,518 | ||||||
| TJX Cos., Inc. (The) |
6,505 | 304,109 | ||||||
| Tractor Supply Co. |
369 | 38,424 | ||||||
| Walgreen Co. |
22,654 | 1,080,143 | ||||||
| Wal-Mart Stores, Inc. |
64,425 | 4,820,923 | ||||||
| Wendy’s Co. (The) |
11,835 | 67,104 | ||||||
| Williams-Sonoma, Inc. |
1,596 | 82,226 | ||||||
| Yum! Brands, Inc. |
7,425 | 534,154 | ||||||
|
|
|
|||||||
| Total Retail | 18,308,002 | |||||||
| Savings & Loans – 0.4% | ||||||||
| Astoria Financial Corp. |
2,361 | 23,279 | ||||||
| BankUnited, Inc. |
2,760 | 70,711 | ||||||
| Berkshire Hills Bancorp, Inc. |
820 | 20,943 | ||||||
| Brookline Bancorp, Inc. |
2,704 | 24,715 | ||||||
| Capitol Federal Financial, Inc. |
4,493 | 54,231 | ||||||
| Dime Community Bancshares, Inc. |
1,888 | 27,112 | ||||||
| First Niagara Financial Group, Inc. |
12,531 | 111,025 | ||||||
| Flushing Financial Corp. |
1,477 | 25,020 | ||||||
| Hudson City Bancorp, Inc. |
17,857 | 154,284 | ||||||
| New York Community Bancorp, Inc.(a) |
27,570 | 395,629 | ||||||
| Northwest Bancshares, Inc. |
3,881 | 49,250 | ||||||
| OceanFirst Financial Corp. |
1,195 | 17,232 | ||||||
| Oritani Financial Corp. |
2,698 | 41,792 | ||||||
| People’s United Financial, Inc. |
15,188 | 204,127 | ||||||
| Provident Financial Services, Inc. |
2,385 | 36,419 | ||||||
| Washington Federal, Inc. |
1,775 | 31,062 | ||||||
|
|
|
|||||||
| Total Savings & Loans | 1,286,831 | |||||||
| Semiconductors – 2.9% | ||||||||
| Altera Corp. |
2,985 | 105,878 | ||||||
| Analog Devices, Inc. |
7,589 | 352,813 | ||||||
| Applied Materials, Inc. |
32,354 | 436,132 | ||||||
| Brooks Automation, Inc. |
4,411 | 44,904 | ||||||
| Intel Corp. |
172,562 | 3,770,480 | ||||||
| Intersil Corp. Class A |
6,835 | 59,533 | ||||||
| KLA-Tencor Corp. |
4,528 | 238,807 | ||||||
| Linear Technology Corp. |
5,601 | 214,910 | ||||||
| Maxim Integrated Products, Inc. |
7,727 | 252,286 | ||||||
| Microchip Technology, Inc. |
6,870 | 252,541 | ||||||
| MKS Instruments, Inc. |
1,156 | 31,443 | ||||||
| NVIDIA Corp. |
11,191 | 143,469 | ||||||
| QUALCOMM, Inc. |
22,472 | 1,504,500 | ||||||
| Texas Instruments, Inc. |
24,608 | 873,092 | ||||||
| Xilinx, Inc. |
5,311 | 202,721 | ||||||
|
|
|
|||||||
| Total Semiconductors | 8,483,509 | |||||||
| Software – 3.0% | ||||||||
| Activision Blizzard, Inc. |
13,784 | $ | 200,833 | |||||
| American Software, Inc. Class A |
2,907 | 24,186 | ||||||
| Blackbaud, Inc. |
1,291 | 38,252 | ||||||
| Broadridge Financial Solutions, Inc. |
3,117 | 77,426 | ||||||
| CA, Inc. |
15,730 | 395,924 | ||||||
| Computer Programs & Systems, Inc. |
583 | 31,546 | ||||||
| Dun & Bradstreet Corp. (The)(a) |
684 | 57,217 | ||||||
| Fidelity National Information Services, Inc. |
5,235 | 207,411 | ||||||
| Intuit, Inc. |
3,362 | 220,715 | ||||||
| ManTech International Corp. Class A(a) |
673 | 18,084 | ||||||
| Microsoft Corp. |
231,712 | 6,629,280 | ||||||
| Oracle Corp. |
28,396 | 918,327 | ||||||
| Quality Systems, Inc. |
2,204 | 40,289 | ||||||
| Solera Holdings, Inc. |
521 | 30,390 | ||||||
|
|
|
|||||||
| Total Software | 8,889,880 | |||||||
| Telecommunications – 6.9% | ||||||||
| ADTRAN, Inc.(a) |
900 | 17,685 | ||||||
| AT&T, Inc. |
248,298 | 9,110,054 | ||||||
| Atlantic Tele-Network, Inc. |
433 | 21,005 | ||||||
| CenturyLink, Inc. |
37,878 | 1,330,654 | ||||||
| Cisco Systems, Inc. |
119,482 | 2,498,369 | ||||||
| Comtech Telecommunications Corp. |
703 | 17,069 | ||||||
| Consolidated Communications Holdings, Inc. |
2,084 | 36,574 | ||||||
| Corning, Inc. |
33,909 | 452,007 | ||||||
| Frontier Communications Corp.(a) |
78,288 | 311,586 | ||||||
| Harris Corp. |
2,783 | 128,964 | ||||||
| InterDigital, Inc. |
498 | 23,819 | ||||||
| Motorola Solutions, Inc. |
5,154 | 330,011 | ||||||
| NTELOS Holdings Corp. |
1,589 | 20,355 | ||||||
| Plantronics, Inc. |
556 | 24,570 | ||||||
| Telephone & Data Systems, Inc. |
1,952 | 41,129 | ||||||
| Tellabs, Inc. |
7,683 | 16,057 | ||||||
| USA Mobility, Inc. |
1,652 | 21,922 | ||||||
| Verizon Communications, Inc. |
111,877 | 5,498,754 | ||||||
| Virgin Media, Inc. |
1,074 | 52,594 | ||||||
| Windstream Corp. |
52,884 | 420,428 | ||||||
|
|
|
|||||||
| Total Telecommunications | 20,373,606 | |||||||
| Textiles – 0.0% | ||||||||
| Cintas Corp. |
1,598 | 70,520 | ||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Hasbro, Inc.(a) |
3,688 | 162,051 | ||||||
| Mattel, Inc. |
9,399 | 411,582 | ||||||
|
|
|
|||||||
| Total Toys/Games/Hobbies | 573,633 | |||||||
| Transportation – 1.6% | ||||||||
| Bristow Group, Inc. |
510 | 33,629 | ||||||
| C.H. Robinson Worldwide, Inc. |
2,924 | 173,861 | ||||||
| Con-way, Inc. |
722 | 25,422 | ||||||
| CSX Corp. |
23,446 | 577,475 | ||||||
| Expeditors International of Washington, Inc. |
2,124 | 75,848 | ||||||
| FedEx Corp. |
1,562 | 153,388 | ||||||
| International Shipholding Corp. |
1,120 | 20,384 | ||||||
See Notes to Financial Statements.
| 22 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Dividend Fund (DTD)
March 31, 2013
| Investments | Shares | Value | ||||||
| JB Hunt Transport Services, Inc. |
957 | $ | 71,277 | |||||
| Kansas City Southern |
793 | 87,944 | ||||||
| Knight Transportation, Inc. |
617 | 9,934 | ||||||
| Matson, Inc. |
1,575 | 38,745 | ||||||
| Norfolk Southern Corp. |
8,233 | 634,600 | ||||||
| Ryder System, Inc. |
1,278 | 76,361 | ||||||
| Tidewater, Inc.(a) |
611 | 30,856 | ||||||
| Union Pacific Corp. |
8,596 | 1,224,156 | ||||||
| United Parcel Service, Inc. Class B |
18,397 | 1,580,302 | ||||||
| Werner Enterprises, Inc. |
760 | 18,346 | ||||||
|
|
|
|||||||
| Total Transportation | 4,832,528 | |||||||
| Trucking & Leasing – 0.1% | ||||||||
| GATX Corp. |
1,410 | 73,278 | ||||||
| TAL International Group, Inc. |
2,364 | 107,113 | ||||||
|
|
|
|||||||
| Total Trucking & Leasing | 180,391 | |||||||
| Water – 0.1% | ||||||||
| American States Water Co. |
723 | 41,623 | ||||||
| American Water Works Co., Inc. |
3,946 | 163,522 | ||||||
| Aqua America, Inc. |
3,305 | 103,909 | ||||||
| California Water Service Group |
379 | 7,542 | ||||||
| Connecticut Water Service, Inc. |
541 | 15,814 | ||||||
| Middlesex Water Co. |
1,515 | 29,573 | ||||||
| SJW Corp. |
802 | 21,253 | ||||||
|
|
|
|||||||
| Total Water | 383,236 | |||||||
| TOTAL COMMON STOCKS (Cost: $231,528,307) |
295,478,429 | |||||||
| EXCHANGE-TRADED FUND – 0.2% | ||||||||
| WisdomTree Total Earnings Fund(b) (Cost: $525,888) |
9,917 | 555,273 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.5% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund,
0.09%(c) (Cost: $4,476,887)(d) |
4,476,887 | 4,476,887 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.3% (Cost: $236,531,082) |
300,510,589 | |||||||
| Liabilities in Excess of Other Assets – (1.3)% |
(3,872,966 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 296,637,623 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $4,389,272 and the total market value of the collateral held by the Fund was $4,476,887. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 23 |
Table of Contents
Schedule of Investments
WisdomTree Equity Income Fund (DHS)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 102.4% | ||||||||
| COMMON STOCKS – 99.5% | ||||||||
| Advertising – 0.0% | ||||||||
| Harte-Hanks, Inc. |
13,730 | $ | 106,957 | |||||
| Aerospace/Defense – 1.7% | ||||||||
| Exelis, Inc. |
23,788 | 259,051 | ||||||
| Lockheed Martin Corp. |
60,437 | 5,833,379 | ||||||
| Northrop Grumman Corp. |
29,938 | 2,100,151 | ||||||
| Raytheon Co. |
42,622 | 2,505,748 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 10,698,329 | |||||||
| Agriculture – 7.3% | ||||||||
| Altria Group, Inc. |
413,705 | 14,227,315 | ||||||
| Lorillard, Inc. |
76,848 | 3,100,817 | ||||||
| Philip Morris International, Inc. |
254,338 | 23,579,676 | ||||||
| Reynolds American, Inc. |
118,288 | 5,262,633 | ||||||
| Universal Corp. |
3,545 | 198,662 | ||||||
| Vector Group Ltd. |
34,265 | 552,352 | ||||||
|
|
|
|||||||
| Total Agriculture | 46,921,455 | |||||||
| Auto Parts & Equipment – 0.0% | ||||||||
| Douglas Dynamics, Inc. |
4,718 | 65,203 | ||||||
| Superior Industries International, Inc. |
4,301 | 80,342 | ||||||
|
|
|
|||||||
| Total Auto Parts & Equipment | 145,545 | |||||||
| Banks – 0.9% | ||||||||
| Arrow Financial Corp.(a) |
1,964 | 48,393 | ||||||
| Bank of Hawaii Corp.(a) |
6,787 | 344,847 | ||||||
| Chemical Financial Corp. |
3,752 | 98,978 | ||||||
| City Holding Co.(a) |
2,242 | 89,209 | ||||||
| Community Bank System, Inc. |
5,718 | 169,424 | ||||||
| Community Trust Bancorp, Inc. |
2,514 | 85,551 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
8,045 | 503,054 | ||||||
| CVB Financial Corp. |
13,165 | 148,370 | ||||||
| Financial Institutions, Inc. |
1,686 | 33,653 | ||||||
| First Busey Corp. |
10,078 | 46,056 | ||||||
| First Financial Bancorp |
17,111 | 274,632 | ||||||
| First Financial Corp. |
1,445 | 45,503 | ||||||
| First Interstate BancSystem, Inc. |
2,061 | 38,767 | ||||||
| FirstMerit Corp.(a) |
19,017 | 314,351 | ||||||
| FNB Corp. |
22,028 | 266,539 | ||||||
| Fulton Financial Corp. |
23,109 | 270,375 | ||||||
| Glacier Bancorp, Inc. |
10,298 | 195,456 | ||||||
| Hudson Valley Holding Corp. |
2,770 | 41,301 | ||||||
| National Bankshares, Inc.(a) |
944 | 32,974 | ||||||
| National Penn Bancshares, Inc. |
22,576 | 241,337 | ||||||
| NBT Bancorp, Inc. |
5,467 | 121,094 | ||||||
| PacWest Bancorp |
5,467 | 159,144 | ||||||
| Park National Corp.(a) |
3,395 | 236,937 | ||||||
| Renasant Corp. |
3,480 | 77,882 | ||||||
| Republic Bancorp, Inc. Class A |
2,098 | 47,499 | ||||||
| S&T Bancorp, Inc. |
3,397 | 62,980 | ||||||
| S.Y. Bancorp, Inc. |
1,811 | 40,747 | ||||||
| Simmons First National Corp. Class A |
1,883 | 47,678 | ||||||
| Southside Bancshares, Inc.(a) |
1,792 | 37,650 | ||||||
| Sterling Bancorp |
5,198 | 52,812 | ||||||
| Investments | Shares | Value | ||||||
| Tompkins Financial Corp. |
2,009 | $ | 84,940 | |||||
| TrustCo Bank Corp. |
18,127 | 101,149 | ||||||
| Trustmark Corp. |
10,370 | 259,354 | ||||||
| United Bankshares, Inc.(a) |
8,765 | 233,237 | ||||||
| Univest Corp. of Pennsylvania |
3,280 | 57,138 | ||||||
| Valley National Bancorp(a) |
50,290 | 514,970 | ||||||
| Washington Banking Co. |
2,389 | 33,303 | ||||||
| Washington Trust Bancorp, Inc. |
2,474 | 67,738 | ||||||
| WesBanco, Inc. |
3,337 | 79,921 | ||||||
| Westamerica Bancorp.(a) |
3,382 | 153,306 | ||||||
|
|
|
|||||||
| Total Banks | 5,758,249 | |||||||
| Biotechnology – 0.1% | ||||||||
| PDL BioPharma, Inc.(a) |
43,604 | 318,745 | ||||||
| Chemicals – 2.0% | ||||||||
| Dow Chemical Co. (The) |
177,923 | 5,665,069 | ||||||
| E.I. du Pont de Nemours & Co. |
134,375 | 6,605,875 | ||||||
| Kronos Worldwide, Inc. |
14,748 | 230,806 | ||||||
| Olin Corp. |
11,478 | 289,475 | ||||||
|
|
|
|||||||
| Total Chemicals | 12,791,225 | |||||||
| Commercial Services – 1.1% | ||||||||
| Deluxe Corp. |
6,207 | 256,970 | ||||||
| Electro Rent Corp. |
4,263 | 79,036 | ||||||
| H&R Block, Inc. |
43,015 | 1,265,501 | ||||||
| Heidrick & Struggles International, Inc. |
2,206 | 32,980 | ||||||
| Landauer, Inc. |
1,573 | 88,686 | ||||||
| McGrath Rentcorp |
3,037 | 94,451 | ||||||
| Paychex, Inc. |
54,990 | 1,928,499 | ||||||
| Quad Graphics, Inc. |
6,068 | 145,268 | ||||||
| R.R. Donnelley & Sons Co.(a) |
73,831 | 889,663 | ||||||
| SAIC, Inc. |
55,798 | 756,063 | ||||||
| Universal Technical Institute, Inc. |
3,522 | 44,483 | ||||||
| Western Union Co. (The) |
83,117 | 1,250,080 | ||||||
|
|
|
|||||||
| Total Commercial Services | 6,831,680 | |||||||
| Computers – 1.6% | ||||||||
| Dell, Inc. |
199,900 | 2,864,567 | ||||||
| Diebold, Inc. |
8,881 | 269,272 | ||||||
| Hewlett-Packard Co. |
271,630 | 6,475,659 | ||||||
| Lexmark International, Inc. Class A |
11,523 | 304,207 | ||||||
|
|
|
|||||||
| Total Computers | 9,913,705 | |||||||
| Cosmetics/Personal Care – 4.0% | ||||||||
| Procter & Gamble Co. (The) |
332,300 | 25,607,038 | ||||||
| Distribution/Wholesale – 0.1% | ||||||||
| Watsco, Inc. |
3,735 | 314,412 | ||||||
| Diversified Financial Services – 1.4% | ||||||||
| BGC Partners, Inc. Class A |
62,679 | 260,745 | ||||||
| CME Group, Inc. |
49,668 | 3,049,118 | ||||||
| Federated Investors, Inc. Class B(a) |
36,233 | 857,635 | ||||||
| GFI Group, Inc. |
30,534 | 101,983 | ||||||
| Greenhill & Co., Inc. |
11,044 | 589,529 | ||||||
| Medley Capital Corp. |
38,289 | 606,881 | ||||||
| NYSE Euronext |
56,949 | 2,200,509 | ||||||
| Waddell & Reed Financial, Inc. Class A |
20,346 | 890,748 | ||||||
See Notes to Financial Statements.
| 24 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2013
| Investments | Shares | Value | ||||||
| Westwood Holdings Group, Inc. |
10,844 | $ | 481,799 | |||||
|
|
|
|||||||
| Total Diversified Financial Services | 9,038,947 | |||||||
| Electric – 11.8% | ||||||||
| ALLETE, Inc. |
6,740 | 330,395 | ||||||
| Alliant Energy Corp. |
16,815 | 843,777 | ||||||
| Ameren Corp. |
48,431 | 1,696,054 | ||||||
| American Electric Power Co., Inc. |
79,340 | 3,858,304 | ||||||
| Avista Corp. |
10,518 | 288,193 | ||||||
| Black Hills Corp. |
7,238 | 318,762 | ||||||
| CH Energy Group, Inc. |
1,978 | 129,341 | ||||||
| Cleco Corp. |
7,567 | 355,876 | ||||||
| CMS Energy Corp. |
39,025 | 1,090,359 | ||||||
| Consolidated Edison, Inc. |
47,123 | 2,875,917 | ||||||
| Dominion Resources, Inc. |
88,020 | 5,121,004 | ||||||
| DTE Energy Co. |
26,551 | 1,814,495 | ||||||
| Duke Energy Corp. |
125,164 | 9,085,655 | ||||||
| Empire District Electric Co. (The) |
7,325 | 164,080 | ||||||
| Entergy Corp. |
34,360 | 2,172,926 | ||||||
| Exelon Corp. |
222,491 | 7,671,490 | ||||||
| FirstEnergy Corp. |
83,108 | 3,507,158 | ||||||
| Great Plains Energy, Inc. |
24,186 | 560,873 | ||||||
| Hawaiian Electric Industries, Inc. |
18,209 | 504,571 | ||||||
| IDACORP, Inc. |
6,146 | 296,667 | ||||||
| Integrys Energy Group, Inc. |
15,003 | 872,575 | ||||||
| MDU Resources Group, Inc. |
23,974 | 599,110 | ||||||
| NextEra Energy, Inc. |
54,428 | 4,227,967 | ||||||
| Northeast Utilities |
40,228 | 1,748,309 | ||||||
| NorthWestern Corp. |
5,942 | 236,848 | ||||||
| NV Energy, Inc. |
31,653 | 634,010 | ||||||
| Otter Tail Corp. |
6,531 | 203,375 | ||||||
| Pepco Holdings, Inc. |
47,292 | 1,012,049 | ||||||
| PG&E Corp. |
70,988 | 3,161,096 | ||||||
| Pinnacle West Capital Corp. |
17,454 | 1,010,412 | ||||||
| Portland General Electric Co. |
11,258 | 341,455 | ||||||
| PPL Corp. |
108,057 | 3,383,265 | ||||||
| Public Service Enterprise Group, Inc. |
88,069 | 3,024,289 | ||||||
| SCANA Corp. |
21,251 | 1,087,201 | ||||||
| Southern Co. (The) |
148,195 | 6,953,309 | ||||||
| TECO Energy, Inc. |
42,217 | 752,307 | ||||||
| UIL Holdings Corp. |
9,177 | 363,317 | ||||||
| Unitil Corp. |
2,781 | 78,230 | ||||||
| UNS Energy Corp. |
6,578 | 321,927 | ||||||
| Westar Energy, Inc. |
21,396 | 709,919 | ||||||
| Xcel Energy, Inc. |
72,437 | 2,151,379 | ||||||
|
|
|
|||||||
| Total Electric | 75,558,246 | |||||||
| Electrical Components & Equipment – 0.8% | ||||||||
| Emerson Electric Co. |
83,888 | 4,686,822 | ||||||
| Molex, Inc. Class A |
12,049 | 290,622 | ||||||
|
|
|
|||||||
| Total Electrical Components & Equipment | 4,977,444 | |||||||
| Energy-Alternate Sources – 0.0% | ||||||||
| FutureFuel Corp. |
5,405 | 65,671 | ||||||
| Entertainment – 0.3% | ||||||||
| National CineMedia, Inc. |
13,052 | 205,961 | ||||||
| Regal Entertainment Group Class A(a) |
30,114 | 502,000 | ||||||
| Six Flags Entertainment Corp. |
12,282 | $ | 890,199 | |||||
| Speedway Motorsports, Inc. |
4,903 | 88,205 | ||||||
|
|
|
|||||||
| Total Entertainment | 1,686,365 | |||||||
| Environmental Control – 0.7% | ||||||||
| Republic Services, Inc. |
43,581 | 1,438,173 | ||||||
| U.S. Ecology, Inc. |
2,272 | 60,322 | ||||||
| Waste Management, Inc. |
73,420 | 2,878,798 | ||||||
|
|
|
|||||||
| Total Environmental Control | 4,377,293 | |||||||
| Food – 2.0% | ||||||||
| B&G Foods, Inc. |
7,744 | 236,115 | ||||||
| ConAgra Foods, Inc. |
51,698 | 1,851,305 | ||||||
| General Mills, Inc. |
77,840 | 3,838,290 | ||||||
| H.J. Heinz Co. |
42,265 | 3,054,492 | ||||||
| Ingles Markets, Inc. Class A |
1,761 | 37,826 | ||||||
| Nash Finch Co. |
1,445 | 28,293 | ||||||
| Safeway, Inc. |
36,193 | 953,686 | ||||||
| Sysco Corp. |
77,765 | 2,734,995 | ||||||
|
|
|
|||||||
| Total Food | 12,735,002 | |||||||
| Forest Products & Paper – 0.1% | ||||||||
| MeadWestvaco Corp. |
21,268 | 772,028 | ||||||
| Gas – 1.5% | ||||||||
| AGL Resources, Inc. |
19,939 | 836,441 | ||||||
| Atmos Energy Corp. |
13,266 | 566,325 | ||||||
| CenterPoint Energy, Inc. |
66,161 | 1,585,218 | ||||||
| Laclede Group, Inc. (The) |
3,761 | 160,595 | ||||||
| New Jersey Resources Corp. |
5,903 | 264,749 | ||||||
| NiSource, Inc. |
45,296 | 1,328,985 | ||||||
| Northwest Natural Gas Co. |
4,232 | 185,446 | ||||||
| Piedmont Natural Gas Co., Inc. |
10,535 | 346,391 | ||||||
| Questar Corp. |
22,713 | 552,607 | ||||||
| Sempra Energy |
30,422 | 2,431,935 | ||||||
| South Jersey Industries, Inc. |
3,882 | 215,800 | ||||||
| UGI Corp. |
14,059 | 539,725 | ||||||
| Vectren Corp. |
14,672 | 519,682 | ||||||
| WGL Holdings, Inc. |
7,766 | 342,481 | ||||||
|
|
|
|||||||
| Total Gas | 9,876,380 | |||||||
| Healthcare-Products – 0.0% | ||||||||
| Female Health Co. (The) |
3,426 | 24,804 | ||||||
| Meridian Bioscience, Inc.(a) |
6,530 | 149,015 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 173,819 | |||||||
| Household Products/Wares – 1.1% | ||||||||
| American Greetings Corp. Class A |
3,858 | 62,114 | ||||||
| Clorox Co. (The) |
16,743 | 1,482,258 | ||||||
| Ennis, Inc. |
4,475 | 67,438 | ||||||
| Kimberly-Clark Corp. |
51,940 | 5,089,081 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 6,700,891 | |||||||
| Insurance – 0.8% | ||||||||
| American National Insurance Co. |
4,544 | 394,737 | ||||||
| Arthur J. Gallagher & Co. |
18,011 | 744,034 | ||||||
| Baldwin & Lyons, Inc. Class B |
2,007 | 47,747 | ||||||
| Cincinnati Financial Corp. |
25,518 | 1,204,195 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 25 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2013
| Investments | Shares | Value | ||||||
| Donegal Group, Inc. Class A |
2,523 | $ | 38,526 | |||||
| EMC Insurance Group, Inc. |
1,978 | 52,081 | ||||||
| Erie Indemnity Co. Class A |
5,773 | 436,035 | ||||||
| Hanover Insurance Group, Inc. (The) |
5,294 | 263,006 | ||||||
| Homeowners Choice, Inc.(a) |
1,496 | 40,766 | ||||||
| Kemper Corp. |
7,201 | 234,825 | ||||||
| Mercury General Corp. |
12,155 | 461,039 | ||||||
| Old Republic International Corp. |
65,051 | 826,798 | ||||||
| Safety Insurance Group, Inc. |
2,782 | 136,735 | ||||||
|
|
|
|||||||
| Total Insurance | 4,880,524 | |||||||
| Internet – 0.0% | ||||||||
| Nutrisystem, Inc. |
9,023 | 76,515 | ||||||
| United Online, Inc. |
26,888 | 162,135 | ||||||
|
|
|
|||||||
| Total Internet | 238,650 | |||||||
| Investment Companies – 0.1% | ||||||||
| Arlington Asset Investment Corp. Class A |
25,055 | 646,670 | ||||||
| Iron/Steel – 0.4% | ||||||||
| Cliffs Natural Resources, Inc.(a) |
36,473 | 693,352 | ||||||
| Commercial Metals Co. |
15,159 | 240,270 | ||||||
| Nucor Corp. |
40,455 | 1,866,998 | ||||||
|
|
|
|||||||
| Total Iron/Steel | 2,800,620 | |||||||
| Media – 0.3% | ||||||||
| Belo Corp. Class A |
14,771 | 145,199 | ||||||
| Cablevision Systems Corp. Class A |
31,965 | 478,196 | ||||||
| Gannett Co., Inc. |
38,646 | 845,188 | ||||||
| Meredith Corp. |
6,016 | 230,172 | ||||||
| Sinclair Broadcast Group, Inc. Class A |
9,152 | 185,237 | ||||||
| World Wrestling Entertainment, Inc. Class A |
5,999 | 52,911 | ||||||
|
|
|
|||||||
| Total Media | 1,936,903 | |||||||
| Metal Fabricate/Hardware – 0.0% | ||||||||
| Kaydon Corp. |
3,841 | 98,253 | ||||||
| Mining – 0.8% | ||||||||
| Gold Resource Corp. |
8,738 | 113,856 | ||||||
| Southern Copper Corp. |
138,423 | 5,200,552 | ||||||
|
|
|
|||||||
| Total Mining | 5,314,408 | |||||||
| Miscellaneous Manufacturing – 0.2% | ||||||||
| Harsco Corp. |
10,983 | 272,049 | ||||||
| Hillenbrand, Inc. |
8,029 | 202,973 | ||||||
| Leggett & Platt, Inc. |
22,894 | 773,359 | ||||||
|
|
|
|||||||
| Total Miscellaneous Manufacturing | 1,248,381 | |||||||
| Office Furnishings – 0.0% | ||||||||
| Knoll, Inc. |
5,444 | 98,700 | ||||||
| Office/Business Equipment – 0.4% | ||||||||
| Pitney Bowes, Inc.(a) |
104,531 | 1,553,331 | ||||||
| Xerox Corp. |
151,439 | 1,302,375 | ||||||
|
|
|
|||||||
| Total Office/Business Equipment | 2,855,706 | |||||||
| Oil & Gas – 6.7% | ||||||||
| Chevron Corp. |
240,234 | 28,544,604 | ||||||
| ConocoPhillips |
202,972 | 12,198,617 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
25,822 | $ | 1,796,178 | |||||
|
|
|
|||||||
| Total Oil & Gas | 42,539,399 | |||||||
| Oil & Gas Services – 0.1% | ||||||||
| Targa Resources Corp. |
5,218 | 354,615 | ||||||
| Packaging & Containers – 0.1% | ||||||||
| Greif, Inc. Class B |
4,399 | 246,784 | ||||||
| Sonoco Products Co. |
15,158 | 530,378 | ||||||
|
|
|
|||||||
| Total Packaging & Containers | 777,162 | |||||||
| Pharmaceuticals – 15.2% | ||||||||
| Bristol-Myers Squibb Co. |
258,698 | 10,655,771 | ||||||
| Eli Lilly & Co. |
175,008 | 9,938,704 | ||||||
| Johnson & Johnson |
359,573 | 29,315,987 | ||||||
| Merck & Co., Inc. |
449,998 | 19,903,412 | ||||||
| Pfizer, Inc. |
958,504 | 27,662,425 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 97,476,299 | |||||||
| Pipelines – 2.0% | ||||||||
| Crosstex Energy, Inc. |
5,759 | 110,918 | ||||||
| Kinder Morgan, Inc. |
158,106 | 6,115,540 | ||||||
| Spectra Energy Corp. |
107,852 | 3,316,449 | ||||||
| Williams Cos., Inc. (The) |
94,602 | 3,543,791 | ||||||
|
|
|
|||||||
| Total Pipelines | 13,086,698 | |||||||
| Private Equity – 0.2% | ||||||||
| Fidus Investment Corp. |
28,391 | 543,688 | ||||||
| Hercules Technology Growth Capital, Inc. |
53,601 | 656,612 | ||||||
|
|
|
|||||||
| Total Private Equity | 1,200,300 | |||||||
| Real Estate – 0.1% | ||||||||
| WP Carey, Inc. |
13,938 | 939,421 | ||||||
| Real Estate Investment Trusts (REITs) – 7.6% | ||||||||
| Agree Realty Corp. |
2,783 | 83,768 | ||||||
| Alexander’s, Inc. |
590 | 194,517 | ||||||
| Alexandria Real Estate Equities, Inc. |
8,003 | 568,053 | ||||||
| Ashford Hospitality Trust, Inc. |
11,201 | 138,444 | ||||||
| Associated Estates Realty Corp. |
8,486 | 158,179 | ||||||
| BioMed Realty Trust, Inc. |
25,856 | 558,490 | ||||||
| Brandywine Realty Trust |
27,853 | 413,617 | ||||||
| Camden Property Trust |
10,578 | 726,497 | ||||||
| Campus Crest Communities, Inc. |
7,478 | 103,944 | ||||||
| CapLease, Inc. |
16,017 | 102,028 | ||||||
| CBL & Associates Properties, Inc. |
25,597 | 604,089 | ||||||
| Cedar Realty Trust, Inc. |
10,834 | 66,196 | ||||||
| Chesapeake Lodging Trust |
6,511 | 149,362 | ||||||
| Colonial Properties Trust |
10,995 | 248,597 | ||||||
| CommonWealth REIT |
20,868 | 468,278 | ||||||
| Coresite Realty Corp. |
2,996 | 104,800 | ||||||
| Corporate Office Properties Trust |
14,010 | 373,787 | ||||||
| DCT Industrial Trust, Inc. |
45,008 | 333,059 | ||||||
| DiamondRock Hospitality Co. |
25,827 | 240,449 | ||||||
| Digital Realty Trust, Inc.(a) |
19,844 | 1,327,762 | ||||||
| Duke Realty Corp. |
51,194 | 869,274 | ||||||
| DuPont Fabros Technology, Inc. |
7,579 | 183,942 | ||||||
See Notes to Financial Statements.
| 26 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2013
| Investments | Shares | Value | ||||||
| EastGroup Properties, Inc. |
4,483 | $ | 260,911 | |||||
| Education Realty Trust, Inc. |
15,467 | 162,868 | ||||||
| EPR Properties |
11,449 | 595,920 | ||||||
| Equity One, Inc. |
19,121 | 458,330 | ||||||
| Excel Trust, Inc. |
8,508 | 116,134 | ||||||
| First Potomac Realty Trust |
12,952 | 192,078 | ||||||
| Franklin Street Properties Corp. |
19,534 | 285,587 | ||||||
| Glimcher Realty Trust |
19,465 | 225,794 | ||||||
| Government Properties Income Trust |
15,152 | 389,861 | ||||||
| HCP, Inc. |
76,437 | 3,811,149 | ||||||
| Health Care REIT, Inc. |
49,986 | 3,394,549 | ||||||
| Healthcare Realty Trust, Inc. |
16,904 | 479,905 | ||||||
| Healthcare Trust of America, Inc. Class A |
8,745 | 102,754 | ||||||
| Hersha Hospitality Trust |
34,705 | 202,677 | ||||||
| Highwoods Properties, Inc.(a) |
15,244 | 603,205 | ||||||
| Home Properties, Inc. |
8,514 | 539,958 | ||||||
| Hospitality Properties Trust |
38,053 | 1,044,174 | ||||||
| Inland Real Estate Corp. |
23,251 | 234,603 | ||||||
| Investors Real Estate Trust |
20,772 | 205,020 | ||||||
| Kimco Realty Corp. |
67,114 | 1,503,354 | ||||||
| Kite Realty Group Trust |
15,898 | 107,153 | ||||||
| LaSalle Hotel Properties |
9,803 | 248,800 | ||||||
| Lexington Realty Trust |
39,436 | 465,345 | ||||||
| Liberty Property Trust |
24,172 | 960,837 | ||||||
| LTC Properties, Inc. |
6,287 | 256,070 | ||||||
| Macerich Co. (The) |
20,793 | 1,338,653 | ||||||
| Mack-Cali Realty Corp. |
22,872 | 654,368 | ||||||
| Medical Properties Trust, Inc. |
34,733 | 557,117 | ||||||
| Mid-America Apartment Communities, Inc. |
6,552 | 452,481 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
9,481 | 105,713 | ||||||
| National Health Investors, Inc. |
5,041 | 329,933 | ||||||
| National Retail Properties, Inc.(a) |
21,281 | 769,734 | ||||||
| Omega Healthcare Investors, Inc. |
32,511 | 987,034 | ||||||
| One Liberty Properties, Inc. |
4,272 | 92,788 | ||||||
| Parkway Properties, Inc. |
4,825 | 89,504 | ||||||
| Pennsylvania Real Estate Investment Trust |
8,001 | 155,139 | ||||||
| Piedmont Office Realty Trust, Inc. Class A |
29,716 | 582,136 | ||||||
| Plum Creek Timber Co., Inc. |
23,498 | 1,226,596 | ||||||
| Prologis, Inc. |
55,150 | 2,204,897 | ||||||
| Ramco-Gershenson Properties Trust |
9,136 | 153,485 | ||||||
| Rayonier, Inc. |
16,234 | 968,683 | ||||||
| Realty Income Corp. |
32,616 | 1,479,136 | ||||||
| Regency Centers Corp. |
13,825 | 731,481 | ||||||
| Retail Opportunity Investments Corp.(a) |
8,517 | 119,323 | ||||||
| Retail Properties of America, Inc. Class A |
26,020 | 385,096 | ||||||
| RLJ Lodging Trust |
13,986 | 318,321 | ||||||
| Sabra Health Care REIT, Inc. |
8,966 | 260,104 | ||||||
| Saul Centers, Inc. |
2,593 | 113,418 | ||||||
| Select Income REIT |
7,656 | 202,501 | ||||||
| Senior Housing Properties Trust |
44,747 | 1,200,562 | ||||||
| STAG Industrial, Inc. |
7,433 | 158,100 | ||||||
| Summit Hotel Properties, Inc. |
8,435 | 88,314 | ||||||
| Sun Communities, Inc. |
7,100 | $ | 350,243 | |||||
| UDR, Inc. |
35,323 | 854,463 | ||||||
| Universal Health Realty Income Trust |
2,451 | 141,447 | ||||||
| Urstadt Biddle Properties, Inc. Class A |
5,036 | 109,583 | ||||||
| Ventas, Inc. |
42,969 | 3,145,331 | ||||||
| Vornado Realty Trust |
24,495 | 2,048,762 | ||||||
| Washington Real Estate Investment Trust |
11,684 | 325,283 | ||||||
| Weingarten Realty Investors |
19,827 | 625,542 | ||||||
| Whitestone REIT Class B |
4,949 | 74,928 | ||||||
| Winthrop Realty Trust |
8,806 | 110,780 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 48,375,147 | |||||||
| Retail – 3.6% | ||||||||
| Best Buy Co., Inc. |
73,900 | 1,636,885 | ||||||
| Cato Corp. (The) Class A |
3,992 | 96,367 | ||||||
| Cracker Barrel Old Country Store, Inc. |
2,611 | 211,099 | ||||||
| Darden Restaurants, Inc. |
20,565 | 1,062,799 | ||||||
| GameStop Corp. Class A(a) |
15,598 | 436,276 | ||||||
| McDonald’s Corp. |
128,988 | 12,858,814 | ||||||
| PetMed Express, Inc.(a) |
3,755 | 50,373 | ||||||
| Roundy’s, Inc. |
16,829 | 110,567 | ||||||
| Staples, Inc. |
93,420 | 1,254,631 | ||||||
| Walgreen Co. |
105,054 | 5,008,975 | ||||||
| Wendy’s Co. (The)(a) |
46,199 | 261,948 | ||||||
|
|
|
|||||||
| Total Retail | 22,988,734 | |||||||
| Savings & Loans – 0.8% | ||||||||
| BankUnited, Inc. |
11,760 | 301,291 | ||||||
| Brookline Bancorp, Inc. |
9,961 | 91,044 | ||||||
| Dime Community Bancshares, Inc. |
6,542 | 93,943 | ||||||
| First Niagara Financial Group, Inc. |
55,487 | 491,615 | ||||||
| Flushing Financial Corp. |
4,509 | 76,382 | ||||||
| Hudson City Bancorp, Inc. |
79,287 | 685,040 | ||||||
| New York Community Bancorp, Inc.(a) |
126,143 | 1,810,152 | ||||||
| Northwest Bancshares, Inc. |
15,162 | 192,406 | ||||||
| OceanFirst Financial Corp. |
2,240 | 32,301 | ||||||
| Oritani Financial Corp. |
7,043 | 109,096 | ||||||
| People’s United Financial, Inc. |
67,987 | 913,745 | ||||||
| Provident Financial Services, Inc. |
8,813 | 134,574 | ||||||
|
|
|
|||||||
| Total Savings & Loans | 4,931,589 | |||||||
| Semiconductors – 3.6% | ||||||||
| Applied Materials, Inc. |
148,924 | 2,007,495 | ||||||
| Brooks Automation, Inc. |
10,093 | 102,747 | ||||||
| Intel Corp. |
794,873 | 17,367,975 | ||||||
| Intersil Corp. Class A |
27,477 | 239,325 | ||||||
| KLA-Tencor Corp. |
21,259 | 1,121,200 | ||||||
| Maxim Integrated Products, Inc. |
35,275 | 1,151,729 | ||||||
| Microchip Technology, Inc. |
31,610 | 1,161,983 | ||||||
|
|
|
|||||||
| Total Semiconductors | 23,152,454 | |||||||
| Software – 5.1% | ||||||||
| CA, Inc. |
77,591 | 1,952,966 | ||||||
| Computer Programs & Systems, Inc. |
1,403 | 75,916 | ||||||
| ManTech International Corp. Class A(a) |
2,715 | 72,952 | ||||||
| Microsoft Corp. |
1,062,598 | 30,400,929 | ||||||
| Quality Systems, Inc. |
8,158 | 149,128 | ||||||
|
|
|
|||||||
| Total Software | 32,651,891 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 27 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Equity Income Fund (DHS)
March 31, 2013
| Investments | Shares | Value | ||||||
| Telecommunications – 11.9% | ||||||||
| AT&T, Inc. |
1,130,446 | $ | 41,476,064 | |||||
| CenturyLink, Inc. |
171,584 | 6,027,746 | ||||||
| Comtech Telecommunications Corp. |
3,268 | 79,347 | ||||||
| Consolidated Communications Holdings, Inc. |
14,500 | 254,475 | ||||||
| Frontier Communications Corp.(a) |
340,863 | 1,356,635 | ||||||
| Lumos Networks Corp. |
4,384 | 59,096 | ||||||
| NTELOS Holdings Corp. |
10,070 | 128,997 | ||||||
| USA Mobility, Inc. |
3,527 | 46,803 | ||||||
| Verizon Communications, Inc. |
509,095 | 25,022,019 | ||||||
| Windstream Corp.(a) |
244,666 | 1,945,095 | ||||||
|
|
|
|||||||
| Total Telecommunications | 76,396,277 | |||||||
| Toys/Games/Hobbies – 0.4% | ||||||||
| Hasbro, Inc.(a) |
19,134 | 840,748 | ||||||
| Mattel, Inc. |
43,192 | 1,891,378 | ||||||
|
|
|
|||||||
| Total Toys/Games/Hobbies | 2,732,126 | |||||||
| Transportation – 0.5% | ||||||||
| Norfolk Southern Corp. | 38,417 | 2,961,182 | ||||||
| Trucking & Leasing – 0.1% | ||||||||
| TAL International Group, Inc. | 8,756 | 396,734 | ||||||
| Water – 0.0% | ||||||||
| California Water Service Group |
5,560 | 110,644 | ||||||
| Middlesex Water Co. |
2,489 | 48,585 | ||||||
|
|
|
|||||||
| Total Water | 159,229 | |||||||
| TOTAL COMMON STOCKS (Cost: $544,346,775) |
636,607,498 | |||||||
| EXCHANGE-TRADED FUND – 0.3% | ||||||||
| WisdomTree Total Dividend Fund(b) (Cost: $1,699,098) |
29,095 | 1,724,461 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 2.6% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) (Cost: $16,686,775)(d) |
16,686,775 | 16,686,775 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 102.4% (Cost: $562,732,648) |
655,018,734 | |||||||
| Liabilities in Excess of Other Assets – (2.4)% |
(15,433,739 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 639,584,995 | ||||||
| REIT | – Real Estate Investment Trust |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $16,371,989 and the total market value of the collateral held by the Fund was $16,686,775. |
See Notes to Financial Statements.
| 28 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 100.2% | ||||||||
| COMMON STOCKS – 99.7% | ||||||||
| Advertising – 0.1% | ||||||||
| Omnicom Group, Inc. |
30,653 | $ | 1,805,462 | |||||
| Aerospace/Defense – 2.4% | ||||||||
| Boeing Co. (The) |
87,058 | 7,473,929 | ||||||
| General Dynamics Corp. |
50,737 | 3,577,466 | ||||||
| Lockheed Martin Corp. |
79,330 | 7,656,932 | ||||||
| Northrop Grumman Corp. |
38,627 | 2,709,684 | ||||||
| Raytheon Co. |
55,176 | 3,243,797 | ||||||
| Rockwell Collins, Inc. |
14,860 | 937,963 | ||||||
| United Technologies Corp. |
116,678 | 10,901,226 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 36,500,997 | |||||||
| Agriculture – 4.2% | ||||||||
| Altria Group, Inc. |
542,477 | 18,655,784 | ||||||
| Archer-Daniels-Midland Co. |
80,943 | 2,730,207 | ||||||
| Lorillard, Inc. |
101,846 | 4,109,486 | ||||||
| Philip Morris International, Inc. |
333,492 | 30,918,043 | ||||||
| Reynolds American, Inc. |
153,950 | 6,849,236 | ||||||
|
|
|
|||||||
| Total Agriculture | 63,262,756 | |||||||
| Apparel – 0.5% | ||||||||
| Coach, Inc. |
27,950 | 1,397,220 | ||||||
| NIKE, Inc. Class B |
60,487 | 3,569,338 | ||||||
| Ralph Lauren Corp. |
3,061 | 518,258 | ||||||
| VF Corp. |
12,374 | 2,075,739 | ||||||
|
|
|
|||||||
| Total Apparel | 7,560,555 | |||||||
| Auto Manufacturers – 0.4% | ||||||||
| Ford Motor Co. |
316,542 | 4,162,527 | ||||||
| PACCAR, Inc. |
30,846 | 1,559,574 | ||||||
|
|
|
|||||||
| Total Auto Manufacturers | 5,722,101 | |||||||
| Auto Parts & Equipment – 0.2% | ||||||||
| Johnson Controls, Inc. |
85,019 | 2,981,616 | ||||||
| Banks – 5.8% | ||||||||
| Bank of America Corp. |
192,471 | 2,344,297 | ||||||
| Bank of New York Mellon Corp. (The) |
115,945 | 3,245,300 | ||||||
| BB&T Corp. |
92,858 | 2,914,813 | ||||||
| Capital One Financial Corp. |
10,207 | 560,875 | ||||||
| Citigroup, Inc. |
14,689 | 649,841 | ||||||
| Fifth Third Bancorp |
117,656 | 1,918,969 | ||||||
| Goldman Sachs Group, Inc. (The) |
36,632 | 5,390,399 | ||||||
| JPMorgan Chase & Co. |
517,354 | 24,553,621 | ||||||
| M&T Bank Corp. |
18,085 | 1,865,649 | ||||||
| Morgan Stanley |
101,716 | 2,235,718 | ||||||
| Northern Trust Corp. |
28,557 | 1,558,070 | ||||||
| PNC Financial Services Group, Inc. |
71,683 | 4,766,919 | ||||||
| Regions Financial Corp. |
38,058 | 311,695 | ||||||
| State Street Corp. |
46,883 | 2,770,316 | ||||||
| SunTrust Banks, Inc. |
18,726 | 539,496 | ||||||
| U.S. Bancorp |
225,160 | 7,639,679 | ||||||
| Wells Fargo & Co. |
659,361 | 24,389,763 | ||||||
|
|
|
|||||||
| Total Banks | 87,655,420 | |||||||
| Beverages – 3.2% | ||||||||
| Beam, Inc. |
10,479 | $ | 665,836 | |||||
| Brown-Forman Corp. Class B |
10,193 | 727,780 | ||||||
| Coca-Cola Co. (The) |
612,909 | 24,786,040 | ||||||
| Coca-Cola Enterprises, Inc. |
28,379 | 1,047,753 | ||||||
| Dr. Pepper Snapple Group, Inc. |
31,196 | 1,464,652 | ||||||
| PepsiCo, Inc. |
234,668 | 18,564,585 | ||||||
|
|
|
|||||||
| Total Beverages | 47,256,646 | |||||||
| Biotechnology – 0.4% | ||||||||
| Amgen, Inc. |
61,548 | 6,309,286 | ||||||
| Chemicals – 2.3% | ||||||||
| Air Products & Chemicals, Inc. |
31,804 | 2,770,765 | ||||||
| CF Industries Holdings, Inc. |
2,434 | 463,361 | ||||||
| Dow Chemical Co. (The) |
233,900 | 7,447,376 | ||||||
| E.I. du Pont de Nemours & Co. |
176,947 | 8,698,715 | ||||||
| Eastman Chemical Co. |
11,530 | 805,601 | ||||||
| Ecolab, Inc. |
15,912 | 1,275,824 | ||||||
| FMC Corp. |
4,046 | 230,743 | ||||||
| Monsanto Co. |
42,851 | 4,526,351 | ||||||
| Mosaic Co. (The) |
27,063 | 1,613,225 | ||||||
| PPG Industries, Inc. |
13,661 | 1,829,754 | ||||||
| Praxair, Inc. |
29,482 | 3,288,422 | ||||||
| Sherwin-Williams Co. (The) |
5,301 | 895,286 | ||||||
| Sigma-Aldrich Corp. |
6,606 | 513,154 | ||||||
|
|
|
|||||||
| Total Chemicals | 34,358,577 | |||||||
| Commercial Services – 0.9% | ||||||||
| Automatic Data Processing, Inc. |
71,182 | 4,628,254 | ||||||
| Mastercard, Inc. Class A |
1,546 | 836,587 | ||||||
| Moody’s Corp. |
13,660 | 728,351 | ||||||
| Paychex, Inc. |
71,149 | 2,495,196 | ||||||
| Visa, Inc. Class A |
23,698 | 4,024,868 | ||||||
|
|
|
|||||||
| Total Commercial Services | 12,713,256 | |||||||
| Computers – 5.1% | ||||||||
| Apple, Inc. |
93,464 | 41,369,970 | ||||||
| Dell, Inc. |
263,642 | 3,777,990 | ||||||
| Hewlett-Packard Co. |
357,559 | 8,524,207 | ||||||
| International Business Machines Corp. |
97,074 | 20,705,884 | ||||||
| Western Digital Corp. |
28,411 | 1,428,505 | ||||||
|
|
|
|||||||
| Total Computers | 75,806,556 | |||||||
| Cosmetics/Personal Care – 2.7% | ||||||||
| Colgate-Palmolive Co. |
54,243 | 6,402,301 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
13,798 | 883,486 | ||||||
| Procter & Gamble Co. (The) |
436,602 | 33,644,550 | ||||||
|
|
|
|||||||
| Total Cosmetics/Personal Care | 40,930,337 | |||||||
| Distribution/Wholesale – 0.3% | ||||||||
| Fastenal Co. |
27,128 | 1,393,023 | ||||||
| Genuine Parts Co. |
24,082 | 1,878,396 | ||||||
| W.W. Grainger, Inc. |
5,493 | 1,235,815 | ||||||
|
|
|
|||||||
| Total Distribution/Wholesale | 4,507,234 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 29 |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2013
| Investments | Shares | Value | ||||||
| Diversified Financial Services – 1.7% | ||||||||
| American Express Co. |
77,340 | $ | 5,217,356 | |||||
| Ameriprise Financial, Inc. |
28,607 | 2,106,906 | ||||||
| BlackRock, Inc. |
24,196 | 6,215,468 | ||||||
| Charles Schwab Corp. (The) |
104,177 | 1,842,891 | ||||||
| CME Group, Inc. |
55,551 | 3,410,276 | ||||||
| Discover Financial Services |
24,878 | 1,115,530 | ||||||
| Franklin Resources, Inc. |
8,747 | 1,319,135 | ||||||
| SLM Corp. |
65,659 | 1,344,696 | ||||||
| T. Rowe Price Group, Inc. |
25,764 | 1,928,951 | ||||||
| TD Ameritrade Holding Corp. |
56,429 | 1,163,566 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 25,664,775 | |||||||
| Electric – 5.6% | ||||||||
| AES Corp. (The) |
51,776 | 650,824 | ||||||
| American Electric Power Co., Inc. |
102,811 | 4,999,699 | ||||||
| Consolidated Edison, Inc. |
61,408 | 3,747,730 | ||||||
| Dominion Resources, Inc. |
116,001 | 6,748,938 | ||||||
| DTE Energy Co. |
34,367 | 2,348,641 | ||||||
| Duke Energy Corp. |
164,251 | 11,922,980 | ||||||
| Edison International |
45,653 | 2,297,259 | ||||||
| Entergy Corp. |
44,788 | 2,832,393 | ||||||
| Exelon Corp. |
294,217 | 10,144,602 | ||||||
| FirstEnergy Corp. |
110,093 | 4,645,925 | ||||||
| NextEra Energy, Inc. |
70,619 | 5,485,684 | ||||||
| Northeast Utilities |
54,576 | 2,371,873 | ||||||
| PG&E Corp. |
92,298 | 4,110,030 | ||||||
| PPL Corp. |
141,082 | 4,417,278 | ||||||
| Public Service Enterprise Group, Inc. |
114,187 | 3,921,182 | ||||||
| Southern Co. (The) |
195,409 | 9,168,590 | ||||||
| Wisconsin Energy Corp. |
35,970 | 1,542,753 | ||||||
| Xcel Energy, Inc. |
94,147 | 2,796,166 | ||||||
|
|
|
|||||||
| Total Electric | 84,152,547 | |||||||
| Electrical Components & Equipment – 0.4% | ||||||||
| AMETEK, Inc. |
7,548 | 327,281 | ||||||
| Emerson Electric Co. |
110,626 | 6,180,675 | ||||||
|
|
|
|||||||
| Total Electrical Components & Equipment | 6,507,956 | |||||||
| Electronics – 0.7% | ||||||||
| Agilent Technologies, Inc. |
16,187 | 679,369 | ||||||
| Amphenol Corp. Class A |
5,134 | 383,253 | ||||||
| Honeywell International, Inc. |
99,766 | 7,517,368 | ||||||
| Thermo Fisher Scientific, Inc. |
15,976 | 1,222,004 | ||||||
|
|
|
|||||||
| Total Electronics | 9,801,994 | |||||||
| Engineering & Construction – 0.0% | ||||||||
| Fluor Corp. |
9,182 | 609,042 | ||||||
| Environmental Control – 0.4% | ||||||||
| Republic Services, Inc. |
56,033 | 1,849,089 | ||||||
| Waste Management, Inc. |
95,406 | 3,740,869 | ||||||
|
|
|
|||||||
| Total Environmental Control | 5,589,958 | |||||||
| Food – 2.3% | ||||||||
| Campbell Soup Co. |
49,956 | 2,266,004 | ||||||
| ConAgra Foods, Inc. |
66,749 | 2,390,282 | ||||||
| General Mills, Inc. |
102,533 | 5,055,902 | ||||||
| H.J. Heinz Co. |
54,795 | 3,960,035 | ||||||
| Hershey Co. (The) |
18,168 | $ | 1,590,245 | |||||
| Hormel Foods Corp. |
28,412 | 1,173,984 | ||||||
| J.M. Smucker Co. (The) |
12,974 | 1,286,502 | ||||||
| Kellogg Co. |
55,151 | 3,553,379 | ||||||
| Kroger Co. (The) |
60,080 | 1,991,051 | ||||||
| McCormick & Co., Inc. |
12,024 | 884,365 | ||||||
| Mondelez International, Inc. Class A |
176,386 | 5,399,175 | ||||||
| Sysco Corp. |
100,804 | 3,545,277 | ||||||
| Whole Foods Market, Inc. |
7,954 | 690,009 | ||||||
|
|
|
|||||||
| Total Food | 33,786,210 | |||||||
| Forest Products & Paper – 0.2% | ||||||||
| International Paper Co. |
66,624 | 3,103,346 | ||||||
| Gas – 0.3% | ||||||||
| CenterPoint Energy, Inc. |
85,935 | 2,059,003 | ||||||
| Sempra Energy |
39,427 | 3,151,794 | ||||||
|
|
|
|||||||
| Total Gas | 5,210,797 | |||||||
| Hand/Machine Tools – 0.1% | ||||||||
| Stanley Black & Decker, Inc. |
22,560 | 1,826,683 | ||||||
| Healthcare-Products – 1.2% | ||||||||
| Baxter International, Inc. |
72,980 | 5,301,267 | ||||||
| Becton Dickinson and Co. |
24,341 | 2,327,243 | ||||||
| C.R. Bard, Inc. |
3,282 | 330,760 | ||||||
| Medtronic, Inc. |
122,745 | 5,764,105 | ||||||
| St. Jude Medical, Inc. |
38,410 | 1,553,301 | ||||||
| Stryker Corp. |
28,889 | 1,884,718 | ||||||
| Zimmer Holdings, Inc. |
8,682 | 653,060 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 17,814,454 | |||||||
| Healthcare-Services – 0.6% | ||||||||
| Aetna, Inc. |
24,960 | 1,275,955 | ||||||
| Cigna Corp. |
1,536 | 95,800 | ||||||
| Humana, Inc. |
11,783 | 814,323 | ||||||
| Quest Diagnostics, Inc. |
15,314 | 864,475 | ||||||
| UnitedHealth Group, Inc. |
79,118 | 4,526,341 | ||||||
| WellPoint, Inc. |
28,458 | 1,884,774 | ||||||
|
|
|
|||||||
| Total Healthcare-Services | 9,461,668 | |||||||
| Home Furnishings – 0.1% | ||||||||
| Whirlpool Corp. |
7,222 | 855,518 | ||||||
| Household Products/Wares – 0.6% | ||||||||
| Church & Dwight Co., Inc. |
11,950 | 772,329 | ||||||
| Clorox Co. (The) |
21,699 | 1,921,012 | ||||||
| Kimberly-Clark Corp. |
67,500 | 6,613,650 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 9,306,991 | |||||||
| Insurance – 1.9% | ||||||||
| Aflac, Inc. |
59,360 | 3,087,907 | ||||||
| Allstate Corp. (The) |
51,412 | 2,522,787 | ||||||
| Chubb Corp. (The) |
27,923 | 2,444,100 | ||||||
| CNA Financial Corp. |
27,810 | 909,109 | ||||||
| Hartford Financial Services Group, Inc. |
38,206 | 985,715 | ||||||
| Loews Corp. |
11,717 | 516,368 | ||||||
| Marsh & McLennan Cos., Inc. |
70,595 | 2,680,492 | ||||||
| MetLife, Inc. |
119,053 | 4,526,395 | ||||||
See Notes to Financial Statements.
| 30 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2013
| Investments | Shares | Value | ||||||
| Principal Financial Group, Inc. |
44,337 | $ | 1,508,788 | |||||
| Progressive Corp. (The) |
56,528 | 1,428,463 | ||||||
| Prudential Financial, Inc. |
67,986 | 4,010,494 | ||||||
| Travelers Cos., Inc. (The) |
47,073 | 3,963,076 | ||||||
|
|
|
|||||||
| Total Insurance | 28,583,694 | |||||||
| Iron/Steel – 0.2% | ||||||||
| Nucor Corp. |
52,358 | 2,416,322 | ||||||
| Leisure Time – 0.1% | ||||||||
| Harley-Davidson, Inc. |
14,126 | 752,916 | ||||||
| Lodging – 0.5% | ||||||||
| Las Vegas Sands Corp. |
86,228 | 4,858,948 | ||||||
| Marriott International, Inc. Class A |
21,572 | 910,986 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc. |
20,921 | 1,333,295 | ||||||
| Wynn Resorts Ltd. |
8,715 | 1,090,769 | ||||||
|
|
|
|||||||
| Total Lodging | 8,193,998 | |||||||
| Machinery-Construction & Mining – 0.4% | ||||||||
| Caterpillar, Inc. |
74,097 | 6,444,216 | ||||||
| Machinery-Diversified – 0.5% | ||||||||
| Cummins, Inc. |
17,242 | 1,996,796 | ||||||
| Deere & Co. |
41,059 | 3,530,253 | ||||||
| Rockwell Automation, Inc. |
15,565 | 1,344,038 | ||||||
| Roper Industries, Inc. |
2,437 | 310,254 | ||||||
|
|
|
|||||||
| Total Machinery-Diversified | 7,181,341 | |||||||
| Media – 2.3% | ||||||||
| CBS Corp. Class B |
38,309 | 1,788,647 | ||||||
| Comcast Corp. Class A |
177,738 | 7,466,774 | ||||||
| Comcast Corp. Special Class A |
46,167 | 1,829,137 | ||||||
| McGraw-Hill Cos., Inc. (The) |
25,578 | 1,332,102 | ||||||
| News Corp. Class A |
51,819 | 1,581,516 | ||||||
| News Corp. Class B |
25,972 | 798,899 | ||||||
| Time Warner Cable, Inc. |
34,882 | 3,350,765 | ||||||
| Time Warner, Inc. |
101,818 | 5,866,753 | ||||||
| Viacom, Inc. Class B |
45,711 | 2,814,426 | ||||||
| Walt Disney Co. (The) |
130,629 | 7,419,727 | ||||||
|
|
|
|||||||
| Total Media | 34,248,746 | |||||||
| Metal Fabricate/Hardware – 0.0% | ||||||||
| Precision Castparts Corp. |
602 | 114,151 | ||||||
| Mining – 1.1% | ||||||||
| Alcoa, Inc. |
69,742 | 594,202 | ||||||
| Freeport-McMoRan Copper & Gold, Inc. |
172,924 | 5,723,785 | ||||||
| Newmont Mining Corp. |
78,143 | 3,273,410 | ||||||
| Southern Copper Corp. |
179,807 | 6,755,349 | ||||||
|
|
|
|||||||
| Total Mining | 16,346,746 | |||||||
| Miscellaneous Manufacturing – 3.6% | ||||||||
| 3M Co. |
86,832 | 9,231,110 | ||||||
| Danaher Corp. |
6,109 | 379,674 | ||||||
| Dover Corp. |
18,911 | 1,378,234 | ||||||
| General Electric Co. |
1,671,496 | 38,644,988 | ||||||
| Illinois Tool Works, Inc. |
56,512 | 3,443,841 | ||||||
| Parker Hannifin Corp. |
13,876 | 1,270,764 | ||||||
|
|
|
|||||||
| Total Miscellaneous Manufacturing | 54,348,611 | |||||||
| Office/Business Equipment – 0.1% | ||||||||
| Xerox Corp. |
201,144 | $ | 1,729,838 | |||||
| Oil & Gas – 9.4% | ||||||||
| Anadarko Petroleum Corp. |
12,039 | 1,052,811 | ||||||
| Apache Corp. |
16,197 | 1,249,761 | ||||||
| Cabot Oil & Gas Corp. |
1,645 | 111,218 | ||||||
| Chesapeake Energy Corp.(a) |
65,665 | 1,340,223 | ||||||
| Chevron Corp. |
315,684 | 37,509,573 | ||||||
| ConocoPhillips |
266,895 | 16,040,389 | ||||||
| Devon Energy Corp. |
29,165 | 1,645,489 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
34,919 | 2,428,966 | ||||||
| EOG Resources, Inc. |
7,419 | 950,151 | ||||||
| EQT Corp. |
11,767 | 797,214 | ||||||
| Exxon Mobil Corp. |
579,699 | 52,236,677 | ||||||
| Hess Corp. |
12,309 | 881,447 | ||||||
| HollyFrontier Corp. |
16,660 | 857,157 | ||||||
| Marathon Oil Corp. |
75,279 | 2,538,408 | ||||||
| Marathon Petroleum Corp. |
37,670 | 3,375,232 | ||||||
| Murphy Oil Corp. |
20,250 | 1,290,532 | ||||||
| Noble Energy, Inc. |
8,591 | 993,635 | ||||||
| Occidental Petroleum Corp. |
110,450 | 8,655,966 | ||||||
| Phillips 66 |
59,282 | 4,147,962 | ||||||
| Pioneer Natural Resources Co. |
614 | 76,290 | ||||||
| Range Resources Corp. |
2,108 | 170,832 | ||||||
| Valero Energy Corp. |
56,250 | 2,558,813 | ||||||
|
|
|
|||||||
| Total Oil & Gas | 140,908,746 | |||||||
| Oil & Gas Services – 0.3% | ||||||||
| Baker Hughes, Inc. |
31,285 | 1,451,937 | ||||||
| Halliburton Co. |
47,316 | 1,912,040 | ||||||
| National Oilwell Varco, Inc. |
15,787 | 1,116,930 | ||||||
|
|
|
|||||||
| Total Oil & Gas Services | 4,480,907 | |||||||
| Pharmaceuticals – 9.5% | ||||||||
| Abbott Laboratories |
244,241 | 8,626,592 | ||||||
| Allergan, Inc. |
3,624 | 404,547 | ||||||
| AmerisourceBergen Corp. |
22,059 | 1,134,936 | ||||||
| Bristol-Myers Squibb Co. |
340,225 | 14,013,868 | ||||||
| Cardinal Health, Inc. |
43,288 | 1,801,647 | ||||||
| Eli Lilly & Co. |
228,537 | 12,978,616 | ||||||
| Johnson & Johnson |
471,527 | 38,443,596 | ||||||
| McKesson Corp. |
9,508 | 1,026,484 | ||||||
| Mead Johnson Nutrition Co. |
18,051 | 1,398,050 | ||||||
| Merck & Co., Inc. |
591,289 | 26,152,712 | ||||||
| Perrigo Co. |
1,507 | 178,926 | ||||||
| Pfizer, Inc. |
1,258,852 | 36,330,469 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 142,490,443 | |||||||
| Pipelines – 1.2% | ||||||||
| Kinder Morgan, Inc. |
209,382 | 8,098,896 | ||||||
| ONEOK, Inc. |
30,373 | 1,447,881 | ||||||
| Spectra Energy Corp. |
143,675 | 4,418,006 | ||||||
| Williams Cos., Inc. (The) |
124,372 | 4,658,975 | ||||||
|
|
|
|||||||
| Total Pipelines | 18,623,758 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 31 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2013
| Investments | Shares | Value | ||||||
| Real Estate Investment Trusts (REITs) – 3.2% | ||||||||
| American Tower Corp. |
23,943 | $ | 1,841,696 | |||||
| AvalonBay Communities, Inc. |
15,873 | 2,010,633 | ||||||
| Boston Properties, Inc. |
18,173 | 1,836,563 | ||||||
| Digital Realty Trust, Inc.(a) |
25,919 | 1,734,240 | ||||||
| Equity Residential |
38,265 | 2,106,871 | ||||||
| General Growth Properties, Inc. |
103,190 | 2,051,417 | ||||||
| HCP, Inc. |
99,428 | 4,957,480 | ||||||
| Health Care REIT, Inc. |
66,762 | 4,533,807 | ||||||
| Host Hotels & Resorts, Inc. |
80,760 | 1,412,492 | ||||||
| Kimco Realty Corp. |
88,814 | 1,989,434 | ||||||
| Macerich Co. (The) |
26,927 | 1,733,560 | ||||||
| Prologis, Inc. |
71,318 | 2,851,294 | ||||||
| Public Storage |
25,693 | 3,913,558 | ||||||
| Simon Property Group, Inc. |
43,124 | 6,837,741 | ||||||
| Ventas, Inc. |
57,318 | 4,195,678 | ||||||
| Vornado Realty Trust |
31,715 | 2,652,643 | ||||||
| Weyerhaeuser Co. |
65,348 | 2,050,620 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 48,709,727 | |||||||
| Retail – 6.4% | ||||||||
| Costco Wholesale Corp. |
23,583 | 2,502,392 | ||||||
| CVS Caremark Corp. |
81,429 | 4,477,781 | ||||||
| Family Dollar Stores, Inc. |
7,245 | 427,817 | ||||||
| Gap, Inc. (The) |
37,079 | 1,312,597 | ||||||
| Home Depot, Inc. (The) |
139,115 | 9,707,445 | ||||||
| Kohl’s Corp. |
32,645 | 1,505,914 | ||||||
| L Brands, Inc. |
29,953 | 1,337,701 | ||||||
| Lowe’s Cos., Inc. |
101,019 | 3,830,640 | ||||||
| Macy’s, Inc. |
40,214 | 1,682,554 | ||||||
| McDonald’s Corp. |
170,007 | 16,947,998 | ||||||
| Nordstrom, Inc. |
20,398 | 1,126,582 | ||||||
| PetSmart, Inc. |
4,720 | 293,112 | ||||||
| PVH Corp. |
452 | 48,278 | ||||||
| Ross Stores, Inc. |
12,210 | 740,170 | ||||||
| Staples, Inc. |
119,057 | 1,598,935 | ||||||
| Starbucks Corp. |
56,774 | 3,233,847 | ||||||
| Target Corp. |
74,565 | 5,103,974 | ||||||
| TJX Cos., Inc. (The) |
38,103 | 1,781,315 | ||||||
| Walgreen Co. |
138,116 | 6,585,371 | ||||||
| Wal-Mart Stores, Inc. |
384,244 | 28,752,979 | ||||||
| Yum! Brands, Inc. |
44,126 | 3,174,424 | ||||||
|
|
|
|||||||
| Total Retail | 96,171,826 | |||||||
| Semiconductors – 3.2% | ||||||||
| Altera Corp. |
18,092 | 641,723 | ||||||
| Analog Devices, Inc. |
41,522 | 1,930,358 | ||||||
| Applied Materials, Inc. |
192,450 | 2,594,226 | ||||||
| Intel Corp. |
1,045,946 | 22,853,920 | ||||||
| KLA-Tencor Corp. |
27,130 | 1,430,836 | ||||||
| Linear Technology Corp. |
33,220 | 1,274,651 | ||||||
| Maxim Integrated Products, Inc. |
45,658 | 1,490,734 | ||||||
| QUALCOMM, Inc. |
134,784 | 9,023,789 | ||||||
| Texas Instruments, Inc. |
149,828 | 5,315,897 | ||||||
| Xilinx, Inc. |
31,169 | $ | 1,189,721 | |||||
|
|
|
|||||||
| Total Semiconductors | 47,745,855 | |||||||
| Software – 3.4% | ||||||||
| Activision Blizzard, Inc. |
89,962 | 1,310,746 | ||||||
| CA, Inc. |
102,230 | 2,573,129 | ||||||
| Fidelity National Information Services, Inc. |
32,096 | 1,271,644 | ||||||
| Intuit, Inc. |
15,843 | 1,040,093 | ||||||
| Microsoft Corp. |
1,396,252 | 39,946,770 | ||||||
| Oracle Corp. |
166,673 | 5,390,205 | ||||||
|
|
|
|||||||
| Total Software | 51,532,587 | |||||||
| Telecommunications – 7.7% | ||||||||
| AT&T, Inc. |
1,486,849 | 54,552,490 | ||||||
| CenturyLink, Inc. |
225,268 | 7,913,665 | ||||||
| Cisco Systems, Inc. |
723,401 | 15,126,315 | ||||||
| Corning, Inc. |
203,116 | 2,707,536 | ||||||
| Motorola Solutions, Inc. |
26,381 | 1,689,175 | ||||||
| Verizon Communications, Inc. |
667,605 | 32,812,786 | ||||||
| Virgin Media, Inc. |
5,623 | 275,358 | ||||||
|
|
|
|||||||
| Total Telecommunications | 115,077,325 | |||||||
| Toys/Games/Hobbies – 0.2% | ||||||||
| Mattel, Inc. |
55,240 | 2,418,960 | ||||||
| Transportation – 1.8% | ||||||||
| C.H. Robinson Worldwide, Inc. |
16,287 | 968,425 | ||||||
| CSX Corp. |
143,780 | 3,541,302 | ||||||
| Expeditors International of Washington, Inc. |
14,389 | 513,831 | ||||||
| FedEx Corp. |
9,245 | 907,859 | ||||||
| Kansas City Southern |
4,987 | 553,058 | ||||||
| Norfolk Southern Corp. |
49,610 | 3,823,939 | ||||||
| Union Pacific Corp. |
50,671 | 7,216,057 | ||||||
| United Parcel Service, Inc. Class B |
107,787 | 9,258,903 | ||||||
|
|
|
|||||||
| Total Transportation | 26,783,374 | |||||||
| TOTAL COMMON STOCKS (Cost: $1,328,967,953) |
1,496,366,825 | |||||||
| EXCHANGE-TRADED FUND – 0.1% | ||||||||
| WisdomTree Total Dividend Fund(a)(b) (Cost: $963,486) |
16,878 | 1,000,359 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) (Cost: $5,850,178)(d) |
5,850,178 | 5,850,178 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.2% (Cost: $1,335,781,617) |
1,503,217,362 | |||||||
| Liabilities in Excess of Other Assets – (0.2)% |
(3,111,693) | |||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 1,500,105,669 | ||||||
| (a) | Security or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $5,709,807 and the total market value of the collateral held by the Fund was $5,850,178. |
See Notes to Financial Statements.
| 32 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 103.4% | ||||||||
| COMMON STOCKS – 99.5% | ||||||||
| Advertising – 0.8% | ||||||||
| Omnicom Group, Inc. |
150,903 | $ | 8,888,187 | |||||
| Aerospace/Defense – 3.4% | ||||||||
| Lockheed Martin Corp. |
166,487 | 16,069,325 | ||||||
| Northrop Grumman Corp. |
150,247 | 10,539,827 | ||||||
| Raytheon Co. |
187,533 | 11,025,065 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 37,634,217 | |||||||
| Agriculture – 5.9% | ||||||||
| Altria Group, Inc. |
506,633 | 17,423,109 | ||||||
| Lorillard, Inc. |
410,584 | 16,567,064 | ||||||
| Philip Morris International, Inc. |
139,216 | 12,906,715 | ||||||
| Reynolds American, Inc. |
403,346 | 17,944,864 | ||||||
|
|
|
|||||||
| Total Agriculture | 64,841,752 | |||||||
| Auto Parts & Equipment – 0.9% | ||||||||
| Johnson Controls, Inc. |
288,031 | 10,101,247 | ||||||
| Chemicals – 4.0% | ||||||||
| Air Products & Chemicals, Inc. |
115,786 | 10,087,276 | ||||||
| Dow Chemical Co. (The) |
410,746 | 13,078,153 | ||||||
| E.I. du Pont de Nemours & Co. |
274,940 | 13,516,051 | ||||||
| International Flavors & Fragrances, Inc. |
98,030 | 7,515,960 | ||||||
|
|
|
|||||||
| Total Chemicals | 44,197,440 | |||||||
| Commercial Services – 3.5% | ||||||||
| Iron Mountain, Inc. |
316,782 | 11,502,355 | ||||||
| Paychex, Inc.(a) |
385,699 | 13,526,464 | ||||||
| Western Union Co. (The) |
903,260 | 13,585,030 | ||||||
|
|
|
|||||||
| Total Commercial Services | 38,613,849 | |||||||
| Computers – 1.9% | ||||||||
| Hewlett-Packard Co. |
890,841 | 21,237,649 | ||||||
| Distribution/Wholesale – 1.1% | ||||||||
| Genuine Parts Co. |
150,325 | 11,725,350 | ||||||
| Electric – 15.9% | ||||||||
| Ameren Corp. |
561,593 | 19,666,987 | ||||||
| American Electric Power Co., Inc. |
320,657 | 15,593,550 | ||||||
| Duke Energy Corp. |
237,106 | 17,211,525 | ||||||
| Entergy Corp. |
254,989 | 16,125,504 | ||||||
| Exelon Corp. |
728,173 | 25,107,405 | ||||||
| FirstEnergy Corp. |
391,202 | 16,508,724 | ||||||
| PG&E Corp. |
338,105 | 15,055,816 | ||||||
| PPL Corp. |
531,168 | 16,630,870 | ||||||
| Public Service Enterprise Group, Inc. |
484,561 | 16,639,825 | ||||||
| Southern Co. (The) |
326,345 | 15,312,107 | ||||||
|
|
|
|||||||
| Total Electric | 173,852,313 | |||||||
| Electrical Components & Equipment – 1.0% | ||||||||
| Emerson Electric Co. |
190,275 | 10,630,664 | ||||||
| Environmental Control – 2.5% | ||||||||
| Republic Services, Inc. |
347,646 | 11,472,318 | ||||||
| Waste Management, Inc. |
402,840 | 15,795,356 | ||||||
|
|
|
|||||||
| Total Environmental Control | 27,267,674 | |||||||
| Food – 3.5% | ||||||||
| ConAgra Foods, Inc. |
353,136 | $ | 12,645,800 | |||||
| H.J. Heinz Co. |
186,590 | 13,484,859 | ||||||
| Sysco Corp. |
348,085 | 12,242,150 | ||||||
|
|
|
|||||||
| Total Food | 38,372,809 | |||||||
| Forest Products & Paper – 2.2% | ||||||||
| International Paper Co. |
259,022 | 12,065,245 | ||||||
| MeadWestvaco Corp. |
327,451 | 11,886,471 | ||||||
|
|
|
|||||||
| Total Forest Products & Paper | 23,951,716 | |||||||
| Healthcare-Products – 2.6% | ||||||||
| Baxter International, Inc. |
128,785 | 9,354,942 | ||||||
| Becton Dickinson and Co. |
102,514 | 9,801,364 | ||||||
| St. Jude Medical, Inc. |
235,754 | 9,533,892 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 28,690,198 | |||||||
| Household Products/Wares – 2.3% | ||||||||
| Clorox Co. (The)(a) |
141,034 | 12,485,740 | ||||||
| Kimberly-Clark Corp. |
127,344 | 12,477,165 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 24,962,905 | |||||||
| Housewares – 1.0% | ||||||||
| Newell Rubbermaid, Inc. |
397,299 | 10,369,504 | ||||||
| Iron/Steel – 1.1% | ||||||||
| Nucor Corp. |
255,935 | 11,811,400 | ||||||
| Media – 0.7% | ||||||||
| Time Warner Cable, Inc. |
77,806 | 7,474,044 | ||||||
| Mining – 3.0% | ||||||||
| Freeport-McMoRan Copper & Gold, Inc. |
292,664 | 9,687,179 | ||||||
| Newmont Mining Corp. |
213,415 | 8,939,954 | ||||||
| Southern Copper Corp. |
373,098 | 14,017,292 | ||||||
|
|
|
|||||||
| Total Mining | 32,644,425 | |||||||
| Miscellaneous Manufacturing – 1.0% | ||||||||
| General Electric Co. |
479,874 | 11,094,687 | ||||||
| Office/Business Equipment – 1.2% | ||||||||
| Xerox Corp. |
1,497,514 | 12,878,620 | ||||||
| Oil & Gas – 7.1% | ||||||||
| Chevron Corp. |
96,600 | 11,478,012 | ||||||
| ConocoPhillips |
244,337 | 14,684,654 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
230,546 | 16,036,780 | ||||||
| Exxon Mobil Corp. |
91,585 | 8,252,724 | ||||||
| Marathon Oil Corp. |
222,355 | 7,497,810 | ||||||
| Marathon Petroleum Corp. |
118,601 | 10,626,650 | ||||||
| Occidental Petroleum Corp. |
112,991 | 8,855,105 | ||||||
|
|
|
|||||||
| Total Oil & Gas | 77,431,735 | |||||||
| Pharmaceuticals – 7.5% | ||||||||
| Abbott Laboratories |
150,516 | 5,316,225 | ||||||
| Bristol-Myers Squibb Co. |
397,344 | 16,366,600 | ||||||
| Cardinal Health, Inc. |
203,318 | 8,462,095 | ||||||
| Eli Lilly & Co. |
258,387 | 14,673,798 | ||||||
| Johnson & Johnson |
156,102 | 12,726,996 | ||||||
| Merck & Co., Inc. |
276,021 | 12,208,409 | ||||||
| Pfizer, Inc. |
437,491 | 12,625,990 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 82,380,113 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 33 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2013
| Investments | Shares | Value | ||||||
| Pipelines – 4.0% | ||||||||
| Kinder Morgan, Inc. |
372,797 | $ | 14,419,788 | |||||
| Spectra Energy Corp. |
500,382 | 15,386,746 | ||||||
| Williams Cos., Inc. (The) |
382,913 | 14,343,921 | ||||||
|
|
|
|||||||
| Total Pipelines | 44,150,455 | |||||||
| Retail – 5.5% | ||||||||
| Darden Restaurants, Inc. |
249,799 | 12,909,612 | ||||||
| Kohl’s Corp. |
198,317 | 9,148,363 | ||||||
| McDonald’s Corp. |
123,917 | 12,353,286 | ||||||
| Staples, Inc. |
965,176 | 12,962,314 | ||||||
| Walgreen Co. |
273,088 | 13,020,836 | ||||||
|
|
|
|||||||
| Total Retail | 60,394,411 | |||||||
| Semiconductors – 5.1% | ||||||||
| Applied Materials, Inc. |
924,356 | 12,460,319 | ||||||
| Intel Corp. |
682,140 | 14,904,759 | ||||||
| KLA-Tencor Corp. |
228,653 | 12,059,159 | ||||||
| Microchip Technology, Inc.(a) |
448,943 | 16,503,145 | ||||||
|
|
|
|||||||
| Total Semiconductors | 55,927,382 | |||||||
| Software – 2.5% | ||||||||
| CA, Inc. |
629,060 | 15,833,440 | ||||||
| Microsoft Corp. |
390,170 | 11,162,764 | ||||||
|
|
|
|||||||
| Total Software | 26,996,204 | |||||||
| Telecommunications – 5.0% | ||||||||
| AT&T, Inc. |
489,889 | 17,974,027 | ||||||
| CenturyLink, Inc. |
588,779 | 20,683,806 | ||||||
| Verizon Communications, Inc. |
336,584 | 16,543,104 | ||||||
|
|
|
|||||||
| Total Telecommunications | 55,200,937 | |||||||
| Toys/Games/Hobbies – 1.1% | ||||||||
| Mattel, Inc.(a) |
280,788 | 12,295,707 | ||||||
| Transportation – 2.2% | ||||||||
| Norfolk Southern Corp. |
166,046 | 12,798,825 | ||||||
| United Parcel Service, Inc. Class B |
128,653 | 11,051,293 | ||||||
|
|
|
|||||||
| Total Transportation | 23,850,118 | |||||||
| TOTAL COMMON STOCKS | ||||||||
| (Cost: $951,053,315) | 1,089,867,712 | |||||||
| EXCHANGE-TRADED FUNDS – 0.2% | ||||||||
| WisdomTree LargeCap Dividend Fund(a)(b) |
16,113 | 949,055 | ||||||
| WisdomTree MidCap Dividend Fund(a)(b) |
14,618 | 953,240 | ||||||
|
|
|
|||||||
| TOTAL EXCHANGE-TRADED FUNDS | ||||||||
| (Cost: $1,848,943) | 1,902,295 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 3.7% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) | ||||||||
| (Cost: $40,662,826)(d) | 40,662,826 | 40,662,826 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 103.4% | ||||||||
| (Cost: $993,565,084) |
|
1,132,432,833 | ||||||
| Liabilities in Excess of Other Assets – (3.4)% |
|
(37,632,875 | ) | |||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 1,094,799,958 | ||||||
| (a) | Security or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $39,910,926 and the total market value of the collateral held by the Fund was $40,662,826. |
See Notes to Financial Statements.
| 34 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments
WisdomTree MidCap Dividend Fund (DON)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 111.5% | ||||||||
| COMMON STOCKS – 99.6% | ||||||||
| Advertising – 0.4% | ||||||||
| Interpublic Group of Cos., Inc. (The) |
151,522 | $ | 1,974,332 | |||||
| Aerospace/Defense – 1.0% | ||||||||
| Alliant Techsystems, Inc. |
8,758 | 634,342 | ||||||
| Exelis, Inc. |
110,644 | 1,204,913 | ||||||
| L-3 Communications Holdings, Inc. |
40,409 | 3,269,896 | ||||||
| Triumph Group, Inc. |
1,951 | 153,154 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 5,262,305 | |||||||
| Airlines – 0.1% | ||||||||
| Southwest Airlines Co.(a) |
47,891 | 645,571 | ||||||
| Apparel – 0.2% | ||||||||
| Columbia Sportswear Co.(a) |
9,509 | 550,381 | ||||||
| Wolverine World Wide, Inc. |
10,106 | 448,403 | ||||||
|
|
|
|||||||
| Total Apparel | 998,784 | |||||||
| Auto Parts & Equipment – 0.5% | ||||||||
| Allison Transmission Holdings, Inc.(a) |
36,950 | 887,170 | ||||||
| Dana Holding Corp. |
33,392 | 595,379 | ||||||
| Lear Corp. |
19,363 | 1,062,448 | ||||||
|
|
|
|||||||
| Total Auto Parts & Equipment | 2,544,997 | |||||||
| Banks – 3.0% | ||||||||
| Associated Banc-Corp. |
39,423 | 598,835 | ||||||
| Bank of Hawaii Corp.(a) |
16,903 | 858,842 | ||||||
| BOK Financial Corp. |
17,587 | 1,095,670 | ||||||
| City National Corp. |
10,071 | 593,283 | ||||||
| Comerica, Inc. |
35,556 | 1,278,238 | ||||||
| Commerce Bancshares, Inc. |
21,093 | 861,227 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
20,055 | 1,254,039 | ||||||
| East West Bancorp, Inc. |
24,097 | 618,570 | ||||||
| First Horizon National Corp. |
9,737 | 103,991 | ||||||
| First Republic Bank |
15,184 | 586,406 | ||||||
| Fulton Financial Corp. |
60,546 | 708,388 | ||||||
| Hancock Holding Co. |
23,831 | 736,855 | ||||||
| Huntington Bancshares, Inc. |
200,452 | 1,481,340 | ||||||
| KeyCorp |
204,827 | 2,040,077 | ||||||
| Prosperity Bancshares, Inc. |
10,666 | 505,462 | ||||||
| Susquehanna Bancshares, Inc. |
47,869 | 595,012 | ||||||
| Synovus Financial Corp. |
123,678 | 342,588 | ||||||
| TCF Financial Corp. |
25,524 | 381,839 | ||||||
| Valley National Bancorp(a) |
126,910 | 1,299,558 | ||||||
| Webster Financial Corp. |
15,335 | 372,027 | ||||||
| Zions Bancorp. |
3,373 | 84,291 | ||||||
|
|
|
|||||||
| Total Banks | 16,396,538 | |||||||
| Beverages – 1.0% | ||||||||
| Brown-Forman Corp. Class A |
23,491 | 1,728,938 | ||||||
| Molson Coors Brewing Co. Class B |
75,540 | 3,696,172 | ||||||
|
|
|
|||||||
| Total Beverages | 5,425,110 | |||||||
| Building Materials – 0.9% | ||||||||
| Eagle Materials, Inc. |
5,797 | 386,254 | ||||||
| Lennox International, Inc. |
12,386 | 786,387 | ||||||
| Martin Marietta Materials, Inc.(a) |
12,720 | $ | 1,297,694 | |||||
| Masco Corp. |
107,507 | 2,177,017 | ||||||
|
|
|
|||||||
| Total Building Materials | 4,647,352 | |||||||
| Chemicals – 3.7% | ||||||||
| Airgas, Inc. |
22,599 | 2,240,917 | ||||||
| Albemarle Corp. |
18,734 | 1,171,250 | ||||||
| Ashland, Inc. |
14,805 | 1,100,011 | ||||||
| Cabot Corp. |
20,754 | 709,787 | ||||||
| Celanese Corp. Series A |
17,724 | 780,742 | ||||||
| Cytec Industries, Inc. |
5,504 | 407,736 | ||||||
| Huntsman Corp. |
96,164 | 1,787,689 | ||||||
| International Flavors & Fragrances, Inc. |
27,143 | 2,081,054 | ||||||
| Kronos Worldwide, Inc.(a) |
68,376 | 1,070,084 | ||||||
| NewMarket Corp.(a) |
2,545 | 662,616 | ||||||
| Rockwood Holdings, Inc. |
36,714 | 2,402,564 | ||||||
| RPM International, Inc. |
66,503 | 2,100,165 | ||||||
| Valhi, Inc.(a) |
88,739 | 1,424,261 | ||||||
| Valspar Corp. |
19,513 | 1,214,684 | ||||||
| Westlake Chemical Corp.(a) |
10,601 | 991,194 | ||||||
|
|
|
|||||||
| Total Chemicals | 20,144,754 | |||||||
| Coal – 0.6% | ||||||||
| Consol Energy, Inc. |
55,388 | 1,863,806 | ||||||
| Peabody Energy Corp. |
56,129 | 1,187,128 | ||||||
| Walter Energy, Inc.(a) |
14,201 | 404,729 | ||||||
|
|
|
|||||||
| Total Coal | 3,455,663 | |||||||
| Commercial Services – 5.9% | ||||||||
| Aaron’s, Inc. |
2,948 | 84,549 | ||||||
| Booz Allen Hamilton Holding Corp.(a) |
56,515 | 759,562 | ||||||
| Corrections Corp. of America |
37,315 | 1,457,897 | ||||||
| Equifax, Inc. |
26,057 | 1,500,623 | ||||||
| Global Payments, Inc. |
2,434 | 120,872 | ||||||
| H&R Block, Inc. |
186,601 | 5,489,801 | ||||||
| Iron Mountain, Inc. |
90,730 | 3,294,406 | ||||||
| Lender Processing Services, Inc. |
21,924 | 558,185 | ||||||
| Manpower, Inc. |
26,010 | 1,475,287 | ||||||
| MAXIMUS, Inc. |
3,518 | 281,334 | ||||||
| Morningstar, Inc. |
5,178 | 362,046 | ||||||
| Rent-A-Center, Inc. |
17,548 | 648,223 | ||||||
| Robert Half International, Inc. |
45,328 | 1,701,160 | ||||||
| Rollins, Inc. |
35,091 | 861,484 | ||||||
| SAIC, Inc. |
231,170 | 3,132,353 | ||||||
| SEI Investments Co. |
31,191 | 899,860 | ||||||
| Service Corp. International |
58,042 | 971,043 | ||||||
| Sotheby’s |
10,509 | 393,142 | ||||||
| Total System Services, Inc. |
55,835 | 1,383,591 | ||||||
| Towers Watson & Co. Class A |
8,333 | 577,644 | ||||||
| Weight Watchers International, Inc.(a) |
11,909 | 501,488 | ||||||
| Western Union Co. (The) |
356,492 | 5,361,640 | ||||||
|
|
|
|||||||
| Total Commercial Services | 31,816,190 | |||||||
| Computers – 0.9% | ||||||||
| Computer Sciences Corp. |
50,831 | 2,502,410 | ||||||
| Diebold, Inc. |
39,449 | 1,196,094 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2013
| Investments | Shares | Value | ||||||
| DST Systems, Inc. |
9,642 | $ | 687,185 | |||||
| Jack Henry & Associates, Inc. |
16,259 | 751,329 | ||||||
|
|
|
|||||||
| Total Computers | 5,137,018 | |||||||
| Cosmetics/Personal Care – 0.4% | ||||||||
| Avon Products, Inc. |
115,866 | 2,401,902 | ||||||
| Distribution/Wholesale – 0.4% | ||||||||
| Pool Corp. |
12,307 | 590,736 | ||||||
| Watsco, Inc. |
16,054 | 1,351,426 | ||||||
|
|
|
|||||||
| Total Distribution/Wholesale | 1,942,162 | |||||||
| Diversified Financial Services – 2.6% | ||||||||
| CBOE Holdings, Inc. |
23,916 | 883,457 | ||||||
| Eaton Vance Corp.(a) |
33,420 | 1,397,959 | ||||||
| Federated Investors, Inc. Class B(a) |
56,423 | 1,335,532 | ||||||
| Legg Mason, Inc.(a) |
28,861 | 927,881 | ||||||
| LPL Financial Holdings, Inc. |
26,332 | 848,944 | ||||||
| NASDAQ OMX Group, Inc. (The) |
39,904 | 1,288,899 | ||||||
| NYSE Euronext |
120,099 | 4,640,625 | ||||||
| Raymond James Financial, Inc. |
24,629 | 1,135,397 | ||||||
| Waddell & Reed Financial, Inc. Class A |
31,583 | 1,382,704 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 13,841,398 | |||||||
| Electric – 11.6% | ||||||||
| Alliant Energy Corp. |
73,254 | 3,675,886 | ||||||
| Ameren Corp. |
212,119 | 7,428,407 | ||||||
| Cleco Corp. |
33,190 | 1,560,926 | ||||||
| CMS Energy Corp. |
169,705 | 4,741,558 | ||||||
| Great Plains Energy, Inc. |
106,342 | 2,466,071 | ||||||
| Hawaiian Electric Industries, Inc. |
78,808 | 2,183,770 | ||||||
| IDACORP, Inc. |
28,626 | 1,381,777 | ||||||
| Integrys Energy Group, Inc. |
65,080 | 3,785,053 | ||||||
| ITC Holdings Corp. |
16,500 | 1,472,790 | ||||||
| MDU Resources Group, Inc. |
98,874 | 2,470,861 | ||||||
| National Fuel Gas Co. |
37,932 | 2,327,128 | ||||||
| NRG Energy, Inc. |
59,587 | 1,578,460 | ||||||
| NV Energy, Inc. |
141,457 | 2,833,384 | ||||||
| OGE Energy Corp. |
47,684 | 3,336,926 | ||||||
| Pepco Holdings, Inc. |
205,749 | 4,403,029 | ||||||
| Pinnacle West Capital Corp. |
75,504 | 4,370,926 | ||||||
| Portland General Electric Co. |
48,904 | 1,483,258 | ||||||
| SCANA Corp. |
92,221 | 4,718,026 | ||||||
| TECO Energy, Inc. |
185,047 | 3,297,537 | ||||||
| Westar Energy, Inc. |
94,837 | 3,146,692 | ||||||
|
|
|
|||||||
| Total Electric | 62,662,465 | |||||||
| Electrical Components & Equipment – 1.0% | ||||||||
| Acuity Brands, Inc. |
5,434 | 376,848 | ||||||
| Energizer Holdings, Inc. |
20,273 | 2,021,826 | ||||||
| Hubbell, Inc. Class B |
16,793 | 1,630,768 | ||||||
| Molex, Inc. |
51,494 | 1,507,745 | ||||||
|
|
|
|||||||
| Total Electrical Components & Equipment | 5,537,187 | |||||||
| Electronics – 1.1% | ||||||||
| FEI Co. |
4,082 | 263,493 | ||||||
| FLIR Systems, Inc. |
32,903 | 855,807 | ||||||
| Gentex Corp. |
66,623 | $ | 1,333,126 | |||||
| Jabil Circuit, Inc. |
59,343 | 1,096,659 | ||||||
| National Instruments Corp. |
44,580 | 1,459,995 | ||||||
| PerkinElmer, Inc. |
16,792 | 564,883 | ||||||
| Woodward, Inc. |
9,433 | 375,056 | ||||||
|
|
|
|||||||
| Total Electronics | 5,949,019 | |||||||
| Engineering & Construction – 0.4% | ||||||||
| EMCOR Group, Inc. |
6,401 | 271,338 | ||||||
| KBR, Inc. |
15,646 | 501,924 | ||||||
| URS Corp. |
25,639 | 1,215,545 | ||||||
|
|
|
|||||||
| Total Engineering & Construction | 1,988,807 | |||||||
| Entertainment – 1.8% | ||||||||
| Cinemark Holdings, Inc. |
61,028 | 1,796,664 | ||||||
| International Game Technology |
87,339 | 1,441,093 | ||||||
| Regal Entertainment Group Class A(a) |
131,256 | 2,188,038 | ||||||
| Six Flags Entertainment Corp. |
52,289 | 3,789,907 | ||||||
| Vail Resorts, Inc. |
8,112 | 505,540 | ||||||
|
|
|
|||||||
| Total Entertainment | 9,721,242 | |||||||
| Environmental Control – 0.4% | ||||||||
| Covanta Holding Corp. |
71,884 | 1,448,462 | ||||||
| Waste Connections, Inc. |
24,869 | 894,787 | ||||||
|
|
|
|||||||
| Total Environmental Control | 2,343,249 | |||||||
| Food – 2.1% | ||||||||
| Flowers Foods, Inc. |
61,287 | 2,018,794 | ||||||
| Harris Teeter Supermarkets, Inc. |
13,109 | 559,885 | ||||||
| Hillshire Brands Co. |
36,228 | 1,273,414 | ||||||
| Ingredion, Inc. |
20,296 | 1,467,807 | ||||||
| Lancaster Colony Corp. |
10,256 | 789,712 | ||||||
| Safeway, Inc. |
151,544 | 3,993,184 | ||||||
| Tyson Foods, Inc. Class A |
49,300 | 1,223,626 | ||||||
|
|
|
|||||||
| Total Food | 11,326,422 | |||||||
| Forest Products & Paper – 0.6% | ||||||||
| MeadWestvaco Corp. |
92,174 | 3,345,916 | ||||||
| Gas – 4.2% | ||||||||
| AGL Resources, Inc. |
88,376 | 3,707,373 | ||||||
| Atmos Energy Corp. |
57,731 | 2,464,536 | ||||||
| NiSource, Inc. |
197,087 | 5,782,533 | ||||||
| Piedmont Natural Gas Co., Inc. |
44,527 | 1,464,048 | ||||||
| Questar Corp. |
99,172 | 2,412,855 | ||||||
| Southwest Gas Corp. |
21,151 | 1,003,826 | ||||||
| UGI Corp. |
60,443 | 2,320,407 | ||||||
| Vectren Corp. |
63,805 | 2,259,973 | ||||||
| WGL Holdings, Inc. |
34,383 | 1,516,290 | ||||||
|
|
|
|||||||
| Total Gas | 22,931,841 | |||||||
| Hand/Machine Tools – 0.7% | ||||||||
| Kennametal, Inc. |
20,287 | 792,004 | ||||||
| Lincoln Electric Holdings, Inc. |
19,226 | 1,041,665 | ||||||
| Regal-Beloit Corp. |
7,417 | 604,931 | ||||||
| Snap-On, Inc. |
18,440 | 1,524,988 | ||||||
|
|
|
|||||||
| Total Hand/Machine Tools | 3,963,588 | |||||||
See Notes to Financial Statements.
| 36 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2013
| Investments | Shares | Value | ||||||
| Healthcare-Products – 1.3% | ||||||||
| Cooper Cos., Inc. (The) |
630 | $ | 67,964 | |||||
| DENTSPLY International, Inc. |
12,635 | 535,977 | ||||||
| Patterson Cos., Inc. |
30,489 | 1,159,802 | ||||||
| ResMed, Inc.(a) |
38,034 | 1,763,256 | ||||||
| STERIS Corp. |
22,027 | 916,543 | ||||||
| Techne Corp. |
10,727 | 727,827 | ||||||
| Teleflex, Inc. |
12,969 | 1,096,010 | ||||||
| West Pharmaceutical Services, Inc. |
8,241 | 535,171 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 6,802,550 | |||||||
| Healthcare-Services – 0.3% | ||||||||
| Coventry Health Care, Inc. |
25,331 | 1,191,317 | ||||||
| Universal Health Services, Inc. Class B |
5,981 | 382,006 | ||||||
|
|
|
|||||||
| Total Healthcare-Services | 1,573,323 | |||||||
| Holding Companies-Diversified – 0.3% | ||||||||
| Leucadia National Corp. |
58,296 | 1,599,059 | ||||||
| Home Builders – 0.4% | ||||||||
| D.R. Horton, Inc. |
39,854 | 968,452 | ||||||
| Lennar Corp. Class A(a) |
10,838 | 449,560 | ||||||
| Thor Industries, Inc. |
17,544 | 645,444 | ||||||
|
|
|
|||||||
| Total Home Builders | 2,063,456 | |||||||
| Home Furnishings – 0.1% | ||||||||
| Harman International Industries, Inc. |
15,885 | 708,948 | ||||||
| Household Products/Wares – 1.2% | ||||||||
| Avery Dennison Corp. |
50,796 | 2,187,784 | ||||||
| Scotts Miracle-Gro Co. (The) Class A(a) |
30,309 | 1,310,561 | ||||||
| Spectrum Brands Holdings, Inc. |
19,951 | 1,129,027 | ||||||
| Tupperware Brands Corp. |
20,492 | 1,675,016 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 6,302,388 | |||||||
| Housewares – 0.7% | ||||||||
| Newell Rubbermaid, Inc. |
130,929 | 3,417,247 | ||||||
| Toro Co. (The) |
9,942 | 457,730 | ||||||
|
|
|
|||||||
| Total Housewares | 3,874,977 | |||||||
| Insurance – 4.0% | ||||||||
| American Financial Group, Inc. |
16,813 | 796,600 | ||||||
| American National Insurance Co. |
11,418 | 991,882 | ||||||
| AmTrust Financial Services, Inc. |
9,100 | 315,315 | ||||||
| Arthur J. Gallagher & Co. |
44,783 | 1,849,986 | ||||||
| Assurant, Inc. |
17,619 | 793,031 | ||||||
| Brown & Brown, Inc. |
18,921 | 606,229 | ||||||
| Cincinnati Financial Corp. |
62,038 | 2,927,573 | ||||||
| CNO Financial Group, Inc. |
19,440 | 222,588 | ||||||
| Erie Indemnity Co. Class A |
15,252 | 1,151,983 | ||||||
| Fidelity National Financial, Inc. Class A |
58,673 | 1,480,320 | ||||||
| First American Financial Corp. |
20,763 | 530,910 | ||||||
| HCC Insurance Holdings, Inc. |
16,931 | 711,610 | ||||||
| Lincoln National Corp. |
47,733 | 1,556,573 | ||||||
| Mercury General Corp. |
30,397 | 1,152,958 | ||||||
| Old Republic International Corp. |
160,585 | 2,041,035 | ||||||
| ProAssurance Corp. |
6,942 | 328,565 | ||||||
| Protective Life Corp. |
18,629 | 666,918 | ||||||
| Reinsurance Group of America, Inc. |
12,433 | $ | 741,877 | |||||
| Torchmark Corp. |
10,417 | 622,937 | ||||||
| Unum Group |
63,912 | 1,805,514 | ||||||
| W.R. Berkley Corp. |
11,916 | 528,713 | ||||||
|
|
|
|||||||
| Total Insurance | 21,823,117 | |||||||
| Internet – 0.4% | ||||||||
| Expedia, Inc. |
17,394 | 1,043,814 | ||||||
| IAC/InterActiveCorp |
28,031 | 1,252,425 | ||||||
|
|
|
|||||||
| Total Internet | 2,296,239 | |||||||
| Iron/Steel – 1.6% | ||||||||
| Allegheny Technologies, Inc. |
43,278 | 1,372,345 | ||||||
| Carpenter Technology Corp. |
11,879 | 585,516 | ||||||
| Cliffs Natural Resources, Inc.(a) |
162,510 | 3,089,315 | ||||||
| Reliance Steel & Aluminum Co. |
20,619 | 1,467,454 | ||||||
| Steel Dynamics, Inc. |
103,332 | 1,639,879 | ||||||
| United States Steel Corp.(a) |
19,111 | 372,665 | ||||||
|
|
|
|||||||
| Total Iron/Steel | 8,527,174 | |||||||
| Leisure Time – 0.4% | ||||||||
| Brunswick Corp. |
2,692 | 92,120 | ||||||
| Polaris Industries, Inc. |
20,283 | 1,875,975 | ||||||
|
|
|
|||||||
| Total Leisure Time | 1,968,095 | |||||||
| Lodging – 0.7% | ||||||||
| Choice Hotels International, Inc. |
21,634 | 915,335 | ||||||
| Wyndham Worldwide Corp. |
40,644 | 2,620,725 | ||||||
|
|
|
|||||||
| Total Lodging | 3,536,060 | |||||||
| Machinery-Construction & Mining – 0.2% | ||||||||
| Joy Global, Inc. |
19,683 | 1,171,532 | ||||||
| Machinery-Diversified – 1.5% | ||||||||
| Babcock & Wilcox Co. (The) |
24,611 | 699,198 | ||||||
| Flowserve Corp. |
8,173 | 1,370,694 | ||||||
| Gardner Denver, Inc. |
2,107 | 158,257 | ||||||
| Graco, Inc. |
17,060 | 989,992 | ||||||
| IDEX Corp. |
23,679 | 1,264,932 | ||||||
| Manitowoc Co., Inc. (The) |
10,619 | 218,326 | ||||||
| Nordson Corp. |
10,141 | 668,799 | ||||||
| Sauer-Danfoss, Inc. |
21,266 | 1,242,572 | ||||||
| Wabtec Corp. |
1,725 | 176,140 | ||||||
| Xylem, Inc. |
45,278 | 1,247,862 | ||||||
|
|
|
|||||||
| Total Machinery-Diversified | 8,036,772 | |||||||
| Media – 2.0% | ||||||||
| Cablevision Systems Corp. Class A |
139,241 | 2,083,045 | ||||||
| Factset Research Systems, Inc.(a) |
10,152 | 940,075 | ||||||
| Gannett Co., Inc.(a) |
161,340 | 3,528,506 | ||||||
| John Wiley & Sons, Inc. Class A |
21,949 | 855,133 | ||||||
| Scripps Networks Interactive, Inc. Class A |
15,456 | 994,439 | ||||||
| Viacom, Inc. Class A |
17,462 | 1,101,154 | ||||||
| Washington Post Co. (The) Class B(a) |
2,745 | 1,227,015 | ||||||
|
|
|
|||||||
| Total Media | 10,729,367 | |||||||
| Metal Fabricate/Hardware – 0.4% | ||||||||
| Timken Co. (The) |
30,834 | 1,744,588 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 37 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2013
| Investments | Shares | Value | ||||||
| Valmont Industries, Inc. |
2,930 | $ | 460,801 | |||||
|
|
|
|||||||
| Total Metal Fabricate/Hardware | 2,205,389 | |||||||
| Mining – 0.4% | ||||||||
| Compass Minerals International, Inc.(a) |
14,378 | 1,134,424 | ||||||
| Royal Gold, Inc. |
10,967 | 778,986 | ||||||
| Vulcan Materials Co. |
1,641 | 84,840 | ||||||
|
|
|
|||||||
| Total Mining | 1,998,250 | |||||||
| Miscellaneous Manufacturing – 2.6% | ||||||||
| A.O. Smith Corp. |
8,396 | 617,694 | ||||||
| Actuant Corp. Class A |
1,654 | 50,646 | ||||||
| Aptargroup, Inc. |
20,238 | 1,160,649 | ||||||
| Carlisle Cos., Inc. |
14,101 | 955,907 | ||||||
| CLARCOR, Inc. |
9,753 | 510,862 | ||||||
| Crane Co. |
23,676 | 1,322,541 | ||||||
| Donaldson Co., Inc. |
26,766 | 968,662 | ||||||
| ITT Corp. |
23,918 | 679,989 | ||||||
| Leggett & Platt, Inc. |
98,253 | 3,318,986 | ||||||
| Pall Corp. |
30,787 | 2,104,907 | ||||||
| SPX Corp. |
12,919 | 1,020,084 | ||||||
| Textron, Inc. |
15,125 | 450,876 | ||||||
| Trinity Industries, Inc. |
15,762 | 714,492 | ||||||
|
|
|
|||||||
| Total Miscellaneous Manufacturing | 13,876,295 | |||||||
| Office/Business Equipment – 1.2% | ||||||||
| Pitney Bowes, Inc.(a) |
451,735 | 6,712,782 | ||||||
| Oil & Gas – 1.0% | ||||||||
| Cimarex Energy Co. |
11,945 | 901,131 | ||||||
| Energen Corp. |
14,800 | 769,748 | ||||||
| Helmerich & Payne, Inc. |
8,557 | 519,410 | ||||||
| Patterson-UTI Energy, Inc. |
26,394 | 629,233 | ||||||
| QEP Resources, Inc. |
8,036 | 255,866 | ||||||
| SM Energy Co. |
2,059 | 121,934 | ||||||
| Tesoro Corp. |
31,526 | 1,845,847 | ||||||
| Western Refining, Inc.(a) |
16,734 | 592,551 | ||||||
|
|
|
|||||||
| Total Oil & Gas | 5,635,720 | |||||||
| Oil & Gas Services – 0.9% | ||||||||
| Lufkin Industries, Inc.(a) |
5,140 | 341,244 | ||||||
| Oceaneering International, Inc. |
24,215 | 1,608,118 | ||||||
| RPC, Inc.(a) |
93,010 | 1,410,962 | ||||||
| Targa Resources Corp. |
23,508 | 1,597,604 | ||||||
|
|
|
|||||||
| Total Oil & Gas Services | 4,957,928 | |||||||
| Packaging & Containers – 2.2% | ||||||||
| Ball Corp. |
23,010 | 1,094,816 | ||||||
| Bemis Co., Inc. |
51,152 | 2,064,495 | ||||||
| Packaging Corp. of America |
43,094 | 1,933,628 | ||||||
| Rock-Tenn Co. Class A |
15,105 | 1,401,593 | ||||||
| Sealed Air Corp. |
96,544 | 2,327,676 | ||||||
| Silgan Holdings, Inc. |
12,636 | 597,051 | ||||||
| Sonoco Products Co. |
66,643 | 2,331,838 | ||||||
|
|
|
|||||||
| Total Packaging & Containers | 11,751,097 | |||||||
| Pharmaceuticals – 0.2% | ||||||||
| Omnicare, Inc. |
28,710 | 1,169,071 | ||||||
| Real Estate – 0.6% | ||||||||
| Jones Lang LaSalle, Inc. |
2,017 | $ | 200,510 | |||||
| Sovran Self Storage, Inc. |
8,106 | 522,756 | ||||||
| WP Carey, Inc.(a) |
34,073 | 2,296,520 | ||||||
|
|
|
|||||||
| Total Real Estate | 3,019,786 | |||||||
| Real Estate Investment Trusts (REITs) – 12.0% | ||||||||
| Alexander’s, Inc. |
1,603 | 528,493 | ||||||
| Alexandria Real Estate Equities, Inc. |
19,217 | 1,364,023 | ||||||
| American Campus Communities, Inc. |
29,133 | 1,320,890 | ||||||
| Apartment Investment & Management Co. Class A |
41,286 | 1,265,829 | ||||||
| BioMed Realty Trust, Inc. |
64,463 | 1,392,401 | ||||||
| BRE Properties, Inc. |
22,589 | 1,099,633 | ||||||
| Camden Property Trust |
26,529 | 1,822,012 | ||||||
| CBL & Associates Properties, Inc. |
62,577 | 1,476,817 | ||||||
| Corporate Office Properties Trust |
33,131 | 883,935 | ||||||
| DDR Corp. |
89,447 | 1,558,167 | ||||||
| Douglas Emmett, Inc. |
34,393 | 857,417 | ||||||
| Duke Realty Corp. |
126,286 | 2,144,336 | ||||||
| EPR Properties |
28,528 | 1,484,882 | ||||||
| Equity Lifestyle Properties, Inc. |
10,256 | 787,661 | ||||||
| Equity One, Inc.(a) |
47,013 | 1,126,902 | ||||||
| Essex Property Trust, Inc. |
10,482 | 1,578,380 | ||||||
| Extra Space Storage, Inc. |
28,197 | 1,107,296 | ||||||
| Federal Realty Investment Trust |
16,959 | 1,832,250 | ||||||
| Healthcare Realty Trust, Inc. |
41,859 | 1,188,377 | ||||||
| Highwoods Properties, Inc.(a) |
37,874 | 1,498,674 | ||||||
| Home Properties, Inc. |
21,175 | 1,342,918 | ||||||
| Hospitality Properties Trust |
94,376 | 2,589,677 | ||||||
| Kilroy Realty Corp. |
21,181 | 1,109,884 | ||||||
| LaSalle Hotel Properties |
25,562 | 648,764 | ||||||
| Liberty Property Trust |
59,426 | 2,362,183 | ||||||
| Mack-Cali Realty Corp. |
56,890 | 1,627,623 | ||||||
| Mid-America Apartment Communities, Inc. |
16,436 | 1,135,070 | ||||||
| National Retail Properties, Inc.(a) |
52,549 | 1,900,697 | ||||||
| Omega Healthcare Investors, Inc. |
80,557 | 2,445,711 | ||||||
| Piedmont Office Realty Trust, Inc. Class A |
70,381 | 1,378,764 | ||||||
| Plum Creek Timber Co., Inc. |
57,336 | 2,992,939 | ||||||
| Post Properties, Inc. |
10,618 | 500,108 | ||||||
| Rayonier, Inc. |
39,956 | 2,384,175 | ||||||
| Realty Income Corp. |
81,608 | 3,700,923 | ||||||
| Regency Centers Corp. |
33,730 | 1,784,654 | ||||||
| RLJ Lodging Trust |
34,964 | 795,781 | ||||||
| Senior Housing Properties Trust |
111,197 | 2,983,416 | ||||||
| SL Green Realty Corp. |
14,640 | 1,260,650 | ||||||
| Tanger Factory Outlet Centers, Inc. |
22,114 | 800,085 | ||||||
| Taubman Centers, Inc. |
13,787 | 1,070,698 | ||||||
| UDR, Inc. |
88,896 | 2,150,394 | ||||||
| Weingarten Realty Investors |
48,718 | 1,537,053 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 64,820,542 | |||||||
| Retail – 7.1% | ||||||||
| Abercrombie & Fitch Co. Class A |
19,678 | 909,124 | ||||||
| Advance Auto Parts, Inc. |
3,974 | 328,451 | ||||||
| American Eagle Outfitters, Inc. |
68,333 | 1,277,827 | ||||||
See Notes to Financial Statements.
| 38 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2013
| Investments | Shares | Value | ||||||
| Best Buy Co., Inc. |
315,139 | $ | 6,980,329 | |||||
| Brinker International, Inc. |
30,545 | 1,150,019 | ||||||
| Buckle, Inc. (The)(a) |
14,434 | 673,346 | ||||||
| Burger King Worldwide, Inc.(a) |
55,058 | 1,051,608 | ||||||
| Casey’s General Stores, Inc. |
8,410 | 490,303 | ||||||
| Cheesecake Factory, Inc. (The) |
13,195 | 509,459 | ||||||
| Chico’s FAS, Inc. |
30,629 | 514,567 | ||||||
| Darden Restaurants, Inc. |
89,980 | 4,650,166 | ||||||
| Dick’s Sporting Goods, Inc. |
17,477 | 826,662 | ||||||
| Dillard’s, Inc. Class A |
1,770 | 139,034 | ||||||
| DSW, Inc. Class A |
6,507 | 415,147 | ||||||
| Dunkin’ Brands Group, Inc. |
32,047 | 1,181,893 | ||||||
| Foot Locker, Inc. |
53,799 | 1,842,078 | ||||||
| GameStop Corp. Class A(a) |
72,595 | 2,030,482 | ||||||
| GNC Holdings, Inc. Class A |
21,211 | 833,168 | ||||||
| Guess?, Inc. |
44,285 | 1,099,597 | ||||||
| HSN, Inc. |
11,650 | 639,119 | ||||||
| MSC Industrial Direct Co. Class A |
12,722 | 1,091,293 | ||||||
| Nu Skin Enterprises, Inc. Class A(a) |
19,141 | 846,032 | ||||||
| Penske Automotive Group, Inc. |
26,447 | 882,272 | ||||||
| Pier 1 Imports, Inc. |
14,340 | 329,820 | ||||||
| PriceSmart, Inc. |
4,034 | 313,966 | ||||||
| Tiffany & Co. |
45,107 | 3,136,741 | ||||||
| Tractor Supply Co. |
10,580 | 1,101,695 | ||||||
| Wendy’s Co. (The)(a) |
214,698 | 1,217,338 | ||||||
| Williams-Sonoma, Inc. |
32,217 | 1,659,820 | ||||||
| World Fuel Services Corp. |
4,277 | 169,882 | ||||||
|
|
|
|||||||
| Total Retail | 38,291,238 | |||||||
| Savings & Loans – 2.0% | ||||||||
| BankUnited, Inc. |
31,031 | 795,014 | ||||||
| Capitol Federal Financial, Inc. |
37,564 | 453,397 | ||||||
| First Niagara Financial Group, Inc. |
133,394 | 1,181,871 | ||||||
| Hudson City Bancorp, Inc. |
192,426 | 1,662,561 | ||||||
| Investors Bancorp, Inc. |
12,572 | 236,102 | ||||||
| New York Community Bancorp, Inc.(a) |
312,415 | 4,483,155 | ||||||
| People’s United Financial, Inc.(a) |
168,743 | 2,267,906 | ||||||
|
|
|
|||||||
| Total Savings & Loans | 11,080,006 | |||||||
| Semiconductors – 1.5% | ||||||||
| Microchip Technology, Inc.(a) |
138,922 | 5,106,773 | ||||||
| NVIDIA Corp. |
242,971 | 3,114,888 | ||||||
|
|
|
|||||||
| Total Semiconductors | 8,221,661 | |||||||
| Shipbuilding – 0.1% | ||||||||
| Huntington Ingalls Industries, Inc. |
8,020 | 427,707 | ||||||
| Software – 0.6% | ||||||||
| Broadridge Financial Solutions, Inc. |
62,948 | 1,563,628 | ||||||
| Dun & Bradstreet Corp. (The)(a) |
13,418 | 1,122,416 | ||||||
| Solera Holdings, Inc. |
10,911 | 636,439 | ||||||
|
|
|
|||||||
| Total Software | 3,322,483 | |||||||
| Telecommunications – 3.3% | ||||||||
| Frontier Communications Corp.(a) |
1,465,123 | 5,831,190 | ||||||
| Harris Corp. |
54,982 | 2,547,866 | ||||||
| Telephone & Data Systems, Inc. |
36,549 | 770,087 | ||||||
| Windstream Corp.(a) |
1,084,243 | $ | 8,619,732 | |||||
|
|
|
|||||||
| Total Telecommunications | 17,768,875 | |||||||
| Textiles – 0.2% | ||||||||
| Cintas Corp.(a) |
30,890 | 1,363,176 | ||||||
| Toys/Games/Hobbies – 0.7% | ||||||||
| Hasbro, Inc.(a) |
83,860 | 3,684,808 | ||||||
| Transportation – 0.8% | ||||||||
| Bristow Group, Inc. |
9,009 | 594,053 | ||||||
| JB Hunt Transport Services, Inc. |
18,608 | 1,385,924 | ||||||
| Landstar System, Inc. |
4,099 | 234,012 | ||||||
| Ryder System, Inc. |
20,840 | 1,245,190 | ||||||
| Tidewater, Inc.(a) |
17,735 | 895,618 | ||||||
|
|
|
|||||||
| Total Transportation | 4,354,797 | |||||||
| Trucking & Leasing – 0.2% | ||||||||
| GATX Corp. |
21,632 | 1,124,215 | ||||||
| Water – 1.0% | ||||||||
| American Water Works Co., Inc. |
77,857 | 3,226,394 | ||||||
| Aqua America, Inc. |
65,471 | 2,058,408 | ||||||
|
|
|
|||||||
| Total Water | 5,284,802 | |||||||
| TOTAL COMMON STOCKS (Cost: $448,938,560) |
538,487,497 | |||||||
| EXCHANGE-TRADED FUND – 0.2% | ||||||||
| WisdomTree LargeCap Dividend Fund(b) (Cost: $1,045,143) |
21,736 | 1,280,250 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 11.7% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) |
||||||||
| (Cost: $63,227,705)(d) | 63,227,705 | 63,227,705 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 111.5% (Cost: $513,211,408) |
602,995,452 | |||||||
| Liabilities in Excess of Other Assets – (11.5)% |
|
(62,267,809 | ) | |||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 540,727,643 | ||||||
| (a) | Security or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $63,394,236 and the total market value of the collateral held by the Fund was $64,599,072 (includes non-cash U.S. Treasury securities collateral having a value of $1,371,367). |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 39 |
Table of Contents
Schedule of Investments
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 111.9% | ||||||||
| COMMON STOCKS – 99.3% | ||||||||
| Advertising – 0.3% | ||||||||
| Harte-Hanks, Inc. |
206,541 | $ | 1,608,954 | |||||
| Marchex, Inc. Class B |
49,742 | 209,414 | ||||||
|
|
|
|||||||
| Total Advertising | 1,818,368 | |||||||
| Aerospace/Defense – 0.6% | ||||||||
| AAR Corp. |
33,946 | 624,267 | ||||||
| Cubic Corp. |
7,208 | 307,926 | ||||||
| Curtiss-Wright Corp. |
27,557 | 956,228 | ||||||
| HEICO Corp. |
3,134 | 136,047 | ||||||
| HEICO Corp. Class A |
6,426 | 220,476 | ||||||
| Kaman Corp. |
25,042 | 888,239 | ||||||
| National Presto Industries, Inc. |
5,240 | 421,820 | ||||||
|
|
|
|||||||
| Total Aerospace/Defense | 3,555,003 | |||||||
| Agriculture – 2.2% | ||||||||
| Alico, Inc. |
3,455 | 159,794 | ||||||
| Andersons, Inc. (The) |
13,414 | 717,917 | ||||||
| Griffin Land & Nurseries, Inc. |
2,090 | 62,805 | ||||||
| Limoneira Co.(a) |
4,523 | 87,384 | ||||||
| Universal Corp. |
51,000 | 2,858,040 | ||||||
| Vector Group Ltd.(a) |
501,457 | 8,083,487 | ||||||
|
|
|
|||||||
| Total Agriculture | 11,969,427 | |||||||
| Airlines – 0.1% | ||||||||
| SkyWest, Inc. |
34,366 | 551,574 | ||||||
| Apparel – 0.6% | ||||||||
| Cherokee, Inc. |
12,623 | 172,935 | ||||||
| Jones Group, Inc. (The) |
74,655 | 949,612 | ||||||
| Oxford Industries, Inc. |
11,255 | 597,640 | ||||||
| R.G. Barry Corp. |
15,937 | 213,396 | ||||||
| True Religion Apparel, Inc. |
43,390 | 1,132,913 | ||||||
| Weyco Group, Inc. |
16,741 | 410,322 | ||||||
|
|
|
|||||||
| Total Apparel | 3,476,818 | |||||||
| Auto Parts & Equipment – 0.8% | ||||||||
| Cooper Tire & Rubber Co. |
57,194 | 1,467,598 | ||||||
| Douglas Dynamics, Inc. |
70,591 | 975,568 | ||||||
| Miller Industries, Inc. |
20,504 | 329,089 | ||||||
| Spartan Motors, Inc. |
35,533 | 188,680 | ||||||
| Standard Motor Products, Inc. |
21,127 | 585,641 | ||||||
| Superior Industries International, Inc. |
49,237 | 919,747 | ||||||
| Titan International, Inc. |
2,355 | 49,643 | ||||||
|
|
|
|||||||
| Total Auto Parts & Equipment | 4,515,966 | |||||||
| Banks – 6.3% | ||||||||
| 1st Source Corp. |
13,616 | 322,699 | ||||||
| Access National Corp. |
4,428 | 72,619 | ||||||
| American National Bankshares, Inc. |
6,665 | 143,697 | ||||||
| Ames National Corp.(a) |
4,855 | 101,275 | ||||||
| Arrow Financial Corp.(a) |
8,970 | 221,021 | ||||||
| BancFirst Corp. |
7,798 | 325,177 | ||||||
| BancorpSouth, Inc.(a) |
4,886 | 79,642 | ||||||
| Bank of Kentucky Financial Corp. |
3,612 | 99,077 | ||||||
| Bank of the Ozarks, Inc. |
10,904 | $ | 483,592 | |||||
| Banner Corp. |
516 | 16,424 | ||||||
| Bar Harbor Bankshares |
2,477 | 90,534 | ||||||
| BBCN Bancorp, Inc. |
24,070 | 314,354 | ||||||
| Boston Private Financial Holdings, Inc. |
6,519 | 64,408 | ||||||
| Bridge Bancorp, Inc. |
7,363 | 158,378 | ||||||
| Bryn Mawr Bank Corp. |
7,029 | 163,635 | ||||||
| C&F Financial Corp.(a) |
1,885 | 77,191 | ||||||
| Camden National Corp. |
4,205 | 139,101 | ||||||
| CapitalSource Inc. |
20,006 | 192,458 | ||||||
| Cardinal Financial Corp. |
5,404 | 98,245 | ||||||
| Cass Information Systems, Inc. |
9,965 | 418,929 | ||||||
| Cathay General Bancorp |
3,171 | 63,801 | ||||||
| Center Bancorp, Inc. |
5,682 | 70,627 | ||||||
| Centerstate Banks, Inc. |
2,700 | 23,166 | ||||||
| Century Bancorp, Inc. Class A |
992 | 33,639 | ||||||
| Chemical Financial Corp. |
18,347 | 483,994 | ||||||
| City Holding Co.(a) |
10,994 | 437,451 | ||||||
| CNB Financial Corp. |
8,909 | 151,898 | ||||||
| CoBiz Financial, Inc. |
7,845 | 63,388 | ||||||
| Columbia Banking System, Inc. |
14,934 | 328,249 | ||||||
| Community Bank System, Inc. |
28,916 | 856,781 | ||||||
| Community Trust Bancorp, Inc. |
11,386 | 387,466 | ||||||
| CVB Financial Corp. |
64,712 | 729,304 | ||||||
| Enterprise Bancorp, Inc.(a) |
4,718 | 79,970 | ||||||
| Enterprise Financial Services Corp. |
5,239 | 75,127 | ||||||
| Financial Institutions, Inc. |
8,838 | 176,406 | ||||||
| First Bancorp |
7,709 | 103,994 | ||||||
| First Bancorp, Inc. |
8,768 | 157,912 | ||||||
| First Busey Corp. |
52,588 | 240,327 | ||||||
| First Citizens BancShares, Inc. Class A |
1,168 | 213,394 | ||||||
| First Commonwealth Financial Corp. |
57,713 | 430,539 | ||||||
| First Community Bancshares, Inc. |
10,507 | 166,536 | ||||||
| First Connecticut Bancorp, Inc. |
2,924 | 43,071 | ||||||
| First Financial Bancorp |
84,791 | 1,360,896 | ||||||
| First Financial Bankshares, Inc.(a) |
14,462 | 702,853 | ||||||
| First Financial Corp. |
7,531 | 237,151 | ||||||
| First Interstate Bancsystem, Inc. |
10,861 | 204,295 | ||||||
| First Merchants Corp. |
4,296 | 66,459 | ||||||
| First Midwest Bancorp, Inc. |
4,409 | 58,552 | ||||||
| FirstMerit Corp.(a) |
91,668 | 1,515,272 | ||||||
| FNB Corp. |
114,387 | 1,384,083 | ||||||
| German American Bancorp, Inc.(a) |
6,036 | 138,888 | ||||||
| Glacier Bancorp, Inc. |
50,678 | 961,868 | ||||||
| Great Southern Bancorp, Inc. |
7,215 | 175,974 | ||||||
| Heartland Financial USA, Inc. |
4,685 | 118,390 | ||||||
| Heritage Financial Corp. |
6,189 | 89,740 | ||||||
| Home Bancshares, Inc. |
8,093 | 304,863 | ||||||
| Horizon Bancorp |
3,176 | 64,187 | ||||||
| Hudson Valley Holding Corp. |
16,893 | 251,875 | ||||||
| Iberiabank Corp. |
15,111 | 755,852 | ||||||
| Independent Bank Corp. |
11,579 | 377,360 | ||||||
| International Bancshares Corp. |
26,699 | 555,339 | ||||||
| Lakeland Bancorp, Inc. |
14,999 | 147,740 | ||||||
See Notes to Financial Statements.
| 40 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Lakeland Financial Corp. |
7,917 | $ | 211,305 | |||||
| MainSource Financial Group, Inc. |
3,842 | 53,942 | ||||||
| MB Financial, Inc. |
19,781 | 478,107 | ||||||
| Mercantile Bank Corp. |
3,563 | 59,538 | ||||||
| Merchants Bancshares, Inc. |
4,657 | 140,339 | ||||||
| Midsouth Bancorp, Inc. |
3,371 | 54,812 | ||||||
| MidWestOne Financial Group, Inc. |
2,773 | 66,025 | ||||||
| National Bankshares, Inc.(a) |
4,893 | 170,912 | ||||||
| National Penn Bancshares, Inc. |
115,346 | 1,233,049 | ||||||
| NBT Bancorp, Inc. |
30,472 | 674,955 | ||||||
| Northrim BanCorp, Inc. |
3,119 | 70,084 | ||||||
| Old National Bancorp |
55,542 | 763,702 | ||||||
| Pacific Continental Corp. |
9,607 | 107,310 | ||||||
| PacWest Bancorp |
26,543 | 772,667 | ||||||
| Park National Corp.(a) |
16,705 | 1,165,842 | ||||||
| Peapack-Gladstone Financial Corp. |
2,113 | 31,505 | ||||||
| Penns Woods Bancorp, Inc.(a) |
3,515 | 144,010 | ||||||
| Peoples Bancorp, Inc. |
4,492 | 100,576 | ||||||
| PrivateBancorp, Inc. |
3,625 | 68,549 | ||||||
| Renasant Corp. |
16,923 | 378,737 | ||||||
| Republic Bancorp, Inc. Class A |
10,959 | 248,112 | ||||||
| S&T Bancorp, Inc. |
18,203 | 337,484 | ||||||
| S.Y. Bancorp, Inc. |
9,315 | 209,588 | ||||||
| Sandy Spring Bancorp, Inc. |
13,308 | 267,491 | ||||||
| SCBT Financial Corp.(a) |
5,039 | 253,966 | ||||||
| Sierra Bancorp |
5,662 | 74,455 | ||||||
| Simmons First National Corp. Class A |
9,757 | 247,047 | ||||||
| Southside Bancshares, Inc.(a) |
12,074 | 253,675 | ||||||
| StellarOne Corp. |
9,643 | 155,734 | ||||||
| Sterling Bancorp |
23,114 | 234,838 | ||||||
| Tompkins Financial Corp. |
9,958 | 421,024 | ||||||
| TowneBank |
13,435 | 201,122 | ||||||
| Trico Bancshares |
6,532 | 111,697 | ||||||
| TrustCo Bank Corp. |
86,735 | 483,981 | ||||||
| Trustmark Corp.(a) |
48,539 | 1,213,960 | ||||||
| UMB Financial Corp. |
14,796 | 726,040 | ||||||
| Umpqua Holdings Corp. |
61,099 | 810,173 | ||||||
| Union First Market Bankshares Corp. |
14,902 | 291,483 | ||||||
| United Bankshares, Inc.(a) |
45,522 | 1,211,340 | ||||||
| Univest Corp. of Pennsylvania |
14,883 | 259,262 | ||||||
| Washington Banking Co.(a) |
12,104 | 168,730 | ||||||
| Washington Trust Bancorp, Inc. |
11,101 | 303,945 | ||||||
| WesBanco, Inc. |
16,292 | 390,193 | ||||||
| West Bancorp., Inc. |
12,525 | 139,028 | ||||||
| West Coast Bancorp |
3,004 | 72,937 | ||||||
| Westamerica Bancorp.(a) |
17,682 | 801,525 | ||||||
| Wintrust Financial Corp. |
3,315 | 122,788 | ||||||
|
|
|
|||||||
| Total Banks | 35,128,717 | |||||||
| Beverages – 0.1% | ||||||||
| Coca-Cola Bottling Co. Consolidated |
5,745 | 346,538 | ||||||
| Biotechnology – 0.8% | ||||||||
| PDL BioPharma, Inc.(a) |
621,069 | 4,540,014 | ||||||
| Building Materials – 0.7% | ||||||||
| AAON, Inc. |
15,535 | $ | 428,611 | |||||
| Apogee Enterprises, Inc. |
22,865 | 661,942 | ||||||
| Comfort Systems USA, Inc. |
34,064 | 479,962 | ||||||
| Griffon Corp. |
30,110 | 358,911 | ||||||
| LSI Industries, Inc. |
45,190 | 315,426 | ||||||
| Quanex Building Products Corp. |
14,712 | 236,863 | ||||||
| Simpson Manufacturing Co., Inc. |
39,205 | 1,200,065 | ||||||
| Universal Forest Products, Inc. |
11,069 | 440,657 | ||||||
|
|
|
|||||||
| Total Building Materials | 4,122,437 | |||||||
| Chemicals – 3.0% | ||||||||
| A. Schulman, Inc.(a) |
43,485 | 1,372,387 | ||||||
| Aceto Corp. |
32,858 | 363,738 | ||||||
| American Vanguard Corp. |
7,160 | 218,666 | ||||||
| Axiall Corp. |
13,940 | 866,510 | ||||||
| Balchem Corp. |
8,079 | 354,991 | ||||||
| H.B. Fuller Co. |
26,786 | 1,046,797 | ||||||
| Hawkins, Inc. |
9,711 | 387,955 | ||||||
| Innophos Holdings, Inc. |
36,283 | 1,979,601 | ||||||
| KMG Chemicals, Inc. |
3,923 | 76,263 | ||||||
| Minerals Technologies, Inc. |
4,982 | 206,803 | ||||||
| Oil-Dri Corp. of America |
7,118 | 193,823 | ||||||
| Olin Corp. |
165,473 | 4,173,229 | ||||||
| PolyOne Corp. |
48,235 | 1,177,416 | ||||||
| Quaker Chemical Corp. |
13,229 | 780,776 | ||||||
| Sensient Technologies Corp. |
65,722 | 2,569,073 | ||||||
| Stepan Co. |
13,267 | 837,148 | ||||||
| Zep, Inc. |
14,031 | 210,605 | ||||||
|
|
|
|||||||
| Total Chemicals | 16,815,781 | |||||||
| Coal – 0.2% | ||||||||
| Arch Coal, Inc.(a) |
182,839 | 992,816 | ||||||
| Commercial Services – 8.5% | ||||||||
| ABM Industries, Inc. |
85,282 | 1,896,672 | ||||||
| Arbitron, Inc. |
12,173 | 570,549 | ||||||
| Barrett Business Services, Inc. |
5,183 | 272,937 | ||||||
| Brink’s Co. (The) |
35,484 | 1,002,778 | ||||||
| Carriage Services, Inc. Class A |
8,314 | 176,673 | ||||||
| CDI Corp. |
31,059 | 534,215 | ||||||
| Chemed Corp. |
10,889 | 870,902 | ||||||
| Convergys Corp. |
71,895 | 1,224,372 | ||||||
| Corporate Executive Board Co. (The) |
26,101 | 1,518,034 | ||||||
| Deluxe Corp. |
86,453 | 3,579,154 | ||||||
| DeVry, Inc. |
47,552 | 1,509,776 | ||||||
| Electro Rent Corp. |
73,420 | 1,361,207 | ||||||
| Forrester Research, Inc. |
26,053 | 824,577 | ||||||
| Geo Group, Inc. (The) |
93,157 | 3,504,566 | ||||||
| Great Lakes Dredge & Dock Corp. |
30,578 | 205,790 | ||||||
| Healthcare Services Group, Inc. |
105,297 | 2,698,762 | ||||||
| Heartland Payment Systems, Inc. |
16,924 | 557,984 | ||||||
| Heidrick & Struggles International, Inc. |
33,067 | 494,352 | ||||||
| Insperity, Inc. |
28,467 | 807,609 | ||||||
| Intersections, Inc.(a) |
78,530 | 738,967 | ||||||
| Kelly Services, Inc. Class A |
23,528 | 439,503 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 41 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Landauer, Inc. |
19,252 | $ | 1,085,428 | |||||
| Mac-Gray Corp. |
15,265 | 195,392 | ||||||
| Matthews International Corp. Class A |
18,539 | 646,826 | ||||||
| McGrath Rentcorp |
44,930 | 1,397,323 | ||||||
| Monro Muffler Brake, Inc.(a) |
19,554 | 776,489 | ||||||
| Multi-Color Corp. |
7,211 | 185,972 | ||||||
| National Research Corp. |
7,106 | 412,432 | ||||||
| Quad Graphics, Inc.(a) |
88,084 | 2,108,731 | ||||||
| R.R. Donnelley & Sons Co.(a) |
1,086,889 | 13,097,012 | ||||||
| Resources Connection, Inc. |
43,488 | 552,298 | ||||||
| Stewart Enterprises, Inc. Class A(a) |
91,608 | 851,038 | ||||||
| Universal Technical Institute, Inc. |
56,183 | 709,591 | ||||||
| Viad Corp. |
16,220 | 448,645 | ||||||
|
|
|
|||||||
| Total Commercial Services | 47,256,556 | |||||||
| Computers – 1.7% | ||||||||
| Acorn Energy, Inc.(a) |
17,152 | 126,067 | ||||||
| Digimarc Corp. |
8,089 | 177,715 | ||||||
| j2 Global, Inc.(a) |
84,484 | 3,312,618 | ||||||
| Lexmark International, Inc. Class A(a) |
177,268 | 4,679,875 | ||||||
| MTS Systems Corp. |
20,127 | 1,170,385 | ||||||
|
|
|
|||||||
| Total Computers | 9,466,660 | |||||||
| Cosmetics/Personal Care – 0.1% | ||||||||
| Inter Parfums, Inc. |
26,371 | 644,244 | ||||||
| Distribution/Wholesale – 1.1% | ||||||||
| Core-Mark Holding Co., Inc. |
10,023 | 514,280 | ||||||
| Houston Wire & Cable Co. |
29,797 | 385,871 | ||||||
| Owens & Minor, Inc.(a) |
107,403 | 3,497,042 | ||||||
| United Stationers, Inc. |
39,801 | 1,538,309 | ||||||
|
|
|
|||||||
| Total Distribution/Wholesale | 5,935,502 | |||||||
| Diversified Financial Services – 4.1% | ||||||||
| Asta Funding, Inc. |
62,455 | 599,568 | ||||||
| BGC Partners, Inc. Class A |
459,844 | 1,912,951 | ||||||
| Calamos Asset Management, Inc. Class A |
62,792 | 739,062 | ||||||
| California First National Bancorp(a) |
60,543 | 1,046,788 | ||||||
| Cohen & Steers, Inc.(a) |
34,310 | 1,237,562 | ||||||
| Duff & Phelps Corp. Class A |
55,571 | 861,906 | ||||||
| Evercore Partners, Inc. Class A |
30,959 | 1,287,894 | ||||||
| Federal Agricultural Mortgage Corp. Class C |
2,109 | 64,936 | ||||||
| FXCM, Inc. Class A |
62,446 | 854,261 | ||||||
| Gain Capital Holdings, Inc. |
162,135 | 723,122 | ||||||
| GAMCO Investors, Inc. Class A |
10,486 | 556,911 | ||||||
| GFI Group, Inc. |
309,631 | 1,034,168 | ||||||
| Greenhill & Co., Inc. |
29,482 | 1,573,749 | ||||||
| Horizon Technology Finance Corp. |
56,262 | 821,988 | ||||||
| Interactive Brokers Group, Inc. Class A |
60,683 | 904,784 | ||||||
| Janus Capital Group, Inc.(a) |
151,356 | 1,422,746 | ||||||
| JMP Group, Inc. |
90,491 | 625,293 | ||||||
| Manning & Napier, Inc. |
45,619 | 754,538 | ||||||
| MarketAxess Holdings, Inc. |
22,771 | 849,358 | ||||||
| Marlin Business Services Corp. |
29,743 | 689,740 | ||||||
| Medley Capital Corp. |
92,383 | 1,464,271 | ||||||
| MicroFinancial, Inc.(a) |
69,550 | 586,307 | ||||||
| Nelnet, Inc. Class A |
24,915 | $ | 842,127 | |||||
| Oppenheimer Holdings, Inc. Class A |
32,748 | 637,604 | ||||||
| Westwood Holdings Group, Inc. |
18,040 | 801,517 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 22,893,151 | |||||||
| Electric – 7.7% | ||||||||
| ALLETE, Inc. |
95,466 | 4,679,743 | ||||||
| Avista Corp. |
157,180 | 4,306,732 | ||||||
| Black Hills Corp. |
98,849 | 4,353,310 | ||||||
| CH Energy Group, Inc. |
27,534 | 1,800,448 | ||||||
| El Paso Electric Co. |
69,079 | 2,324,508 | ||||||
| Empire District Electric Co. (The) |
111,510 | 2,497,824 | ||||||
| MGE Energy, Inc. |
38,419 | 2,129,949 | ||||||
| NorthWestern Corp. |
85,068 | 3,390,811 | ||||||
| Ormat Technologies, Inc.(a) |
18,792 | 388,055 | ||||||
| Otter Tail Corp. |
94,064 | 2,929,153 | ||||||
| PNM Resources, Inc. |
121,462 | 2,828,850 | ||||||
| UIL Holdings Corp. |
132,048 | 5,227,780 | ||||||
| Unitil Corp. |
40,205 | 1,130,967 | ||||||
| UNS Energy Corp. |
90,723 | 4,439,984 | ||||||
|
|
|
|||||||
| Total Electric | 42,428,114 | |||||||
| Electrical Components & Equipment – 1.1% | ||||||||
| Belden, Inc. |
10,854 | 560,609 | ||||||
| Coleman Cable, Inc. |
8,057 | 120,855 | ||||||
| Encore Wire Corp. |
2,681 | 93,888 | ||||||
| Graham Corp. |
2,088 | 51,657 | ||||||
| Insteel Industries, Inc. |
9,349 | 152,576 | ||||||
| Littelfuse, Inc. |
16,522 | 1,121,018 | ||||||
| Molex, Inc. Class A |
174,633 | 4,212,148 | ||||||
|
|
|
|||||||
| Total Electrical Components & Equipment | 6,312,751 | |||||||
| Electronics – 2.0% | ||||||||
| American Science & Engineering, Inc. |
13,657 | 832,940 | ||||||
| Analogic Corp. |
3,629 | 286,764 | ||||||
| AVX Corp. |
260,028 | 3,094,333 | ||||||
| Badger Meter, Inc. |
10,999 | 588,666 | ||||||
| Bel Fuse, Inc. Class B |
7,863 | 122,741 | ||||||
| Brady Corp. Class A |
59,950 | 2,010,124 | ||||||
| CTS Corp. |
24,971 | 260,697 | ||||||
| Daktronics, Inc. |
50,064 | 525,672 | ||||||
| Electro Scientific Industries, Inc. |
53,601 | 592,291 | ||||||
| ESCO Technologies, Inc. |
12,631 | 516,103 | ||||||
| Mesa Laboratories, Inc. |
2,015 | 106,775 | ||||||
| Methode Electronics, Inc. |
58,522 | 753,763 | ||||||
| Park Electrochemical Corp. |
18,487 | 468,461 | ||||||
| Watts Water Technologies, Inc. Class A |
15,910 | 763,521 | ||||||
|
|
|
|||||||
| Total Electronics | 10,922,851 | |||||||
| Energy-Alternate Sources – 0.2% | ||||||||
| FutureFuel Corp. |
81,347 | 988,366 | ||||||
| Engineering & Construction – 0.3% | ||||||||
| Granite Construction, Inc. |
31,678 | 1,008,628 | ||||||
| Michael Baker Corp. |
13,013 | 318,818 | ||||||
| VSE Corp. |
3,900 | 97,461 | ||||||
|
|
|
|||||||
| Total Engineering & Construction | 1,424,907 | |||||||
See Notes to Financial Statements.
| 42 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Entertainment – 1.0% | ||||||||
| Churchill Downs, Inc. |
10,505 | $ | 735,770 | |||||
| International Speedway Corp. Class A |
10,159 | 331,996 | ||||||
| National CineMedia, Inc. |
188,328 | 2,971,816 | ||||||
| Speedway Motorsports, Inc. |
75,847 | 1,364,488 | ||||||
|
|
|
|||||||
| Total Entertainment | 5,404,070 | |||||||
| Environmental Control – 0.7% | ||||||||
| CECO Environmental Corp. |
14,602 | 188,804 | ||||||
| Met-Pro Corp. |
24,244 | 250,440 | ||||||
| Mine Safety Appliances Co. |
54,221 | 2,690,446 | ||||||
| U.S. Ecology, Inc. |
31,516 | 836,750 | ||||||
|
|
|
|||||||
| Total Environmental Control | 3,966,440 | |||||||
| Food – 2.5% | ||||||||
| Arden Group, Inc. Class A |
1,730 | 174,886 | ||||||
| B&G Foods, Inc. |
111,473 | 3,398,812 | ||||||
| Calavo Growers, Inc. |
21,325 | 613,733 | ||||||
| Cal-Maine Foods, Inc. |
13,035 | 554,770 | ||||||
| Ingles Markets, Inc. Class A |
26,703 | 573,580 | ||||||
| J&J Snack Foods Corp. |
10,165 | 781,587 | ||||||
| Lifeway Foods, Inc.(a) |
7,108 | 98,801 | ||||||
| Nash Finch Co. |
21,657 | 424,044 | ||||||
| Sanderson Farms, Inc. |
16,564 | 904,726 | ||||||
| Snyders-Lance, Inc. |
100,535 | 2,539,514 | ||||||
| Spartan Stores, Inc. |
23,530 | 412,951 | ||||||
| Tootsie Roll Industries, Inc.(a) |
24,705 | 738,927 | ||||||
| Village Super Market, Inc. Class A |
13,723 | 462,328 | ||||||
| Weis Markets, Inc. |
46,596 | 1,896,457 | ||||||
|
|
|
|||||||
| Total Food | 13,575,116 | |||||||
| Forest Products & Paper – 0.8% | ||||||||
| Buckeye Technologies, Inc. |
26,096 | 781,575 | ||||||
| Deltic Timber Corp. |
2,931 | 201,418 | ||||||
| Neenah Paper, Inc. |
17,805 | 547,682 | ||||||
| Orchids Paper Products Co. |
19,926 | 464,873 | ||||||
| PH Glatfelter Co. |
48,257 | 1,128,249 | ||||||
| Schweitzer-Mauduit International, Inc. |
27,112 | 1,050,048 | ||||||
| Wausau Paper Corp. |
36,138 | 389,568 | ||||||
|
|
|
|||||||
| Total Forest Products & Paper | 4,563,413 | |||||||
| Gas – 2.4% | ||||||||
| Chesapeake Utilities Corp. |
16,281 | 798,583 | ||||||
| Delta Natural Gas Co., Inc. |
12,182 | 266,298 | ||||||
| Laclede Group, Inc. (The) |
54,578 | 2,330,481 | ||||||
| New Jersey Resources Corp. |
90,693 | 4,067,581 | ||||||
| Northwest Natural Gas Co. |
60,262 | 2,640,681 | ||||||
| South Jersey Industries, Inc. |
59,873 | 3,328,340 | ||||||
|
|
|
|||||||
| Total Gas | 13,431,964 | |||||||
| Hand/Machine Tools – 0.2% | ||||||||
| Franklin Electric Co., Inc. |
23,941 | 803,699 | ||||||
| Hardinge, Inc. |
5,028 | 68,532 | ||||||
|
|
|
|||||||
| Total Hand/Machine Tools | 872,231 | |||||||
| Healthcare-Products – 1.2% | ||||||||
| Atrion Corp. |
1,216 | $ | 233,460 | |||||
| Cantel Medical Corp. |
5,438 | 163,466 | ||||||
| CONMED Corp. |
34,592 | 1,178,204 | ||||||
| CryoLife, Inc. |
22,965 | 138,020 | ||||||
| Female Health Co. (The)(a) |
51,931 | 375,980 | ||||||
| Hill-Rom Holdings, Inc. |
57,474 | 2,024,234 | ||||||
| Invacare Corp. |
5,300 | 69,165 | ||||||
| Meridian Bioscience, Inc.(a) |
85,313 | 1,946,843 | ||||||
| Utah Medical Products, Inc. |
5,365 | 261,651 | ||||||
|
|
|
|||||||
| Total Healthcare-Products | 6,391,023 | |||||||
| Healthcare-Services – 0.3% | ||||||||
| Ensign Group, Inc. (The) |
10,053 | 335,770 | ||||||
| National Healthcare Corp. |
18,633 | 851,901 | ||||||
| U.S. Physical Therapy, Inc. |
8,404 | 225,647 | ||||||
|
|
|
|||||||
| Total Healthcare-Services | 1,413,318 | |||||||
| Holding Companies-Diversified – 0.2% | ||||||||
| Primoris Services Corp. |
22,150 | 489,737 | ||||||
| Resource America, Inc. Class A |
66,017 | 657,529 | ||||||
|
|
|
|||||||
| Total Holding Companies-Diversified | 1,147,266 | |||||||
| Home Builders – 0.7% | ||||||||
| KB Home(a) |
26,617 | 579,452 | ||||||
| Lennar Corp. Class B |
8,792 | 283,630 | ||||||
| MDC Holdings, Inc. |
72,679 | 2,663,685 | ||||||
| Ryland Group, Inc. (The) |
8,027 | 334,084 | ||||||
|
|
|
|||||||
| Total Home Builders | 3,860,851 | |||||||
| Home Furnishings – 0.4% | ||||||||
| Bassett Furniture Industries, Inc. |
9,644 | 153,918 | ||||||
| Ethan Allen Interiors, Inc.(a) |
22,166 | 729,704 | ||||||
| Flexsteel Industries, Inc. |
10,431 | 258,063 | ||||||
| Hooker Furniture Corp. |
15,921 | 253,781 | ||||||
| Kimball International, Inc. Class B |
28,279 | 256,208 | ||||||
| La-Z-Boy, Inc. |
33,939 | 640,429 | ||||||
|
|
|
|||||||
| Total Home Furnishings | 2,292,103 | |||||||
| Household Products/Wares – 0.6% | ||||||||
| American Greetings Corp. Class A |
54,234 | 873,167 | ||||||
| Blyth, Inc.(a) |
11,036 | 191,585 | ||||||
| CSS Industries, Inc. |
14,809 | 384,590 | ||||||
| Ennis, Inc. |
63,969 | 964,013 | ||||||
| WD-40 Co. |
21,102 | 1,155,757 | ||||||
|
|
|
|||||||
| Total Household Products/Wares | 3,569,112 | |||||||
| Housewares – 0.0% | ||||||||
| Lifetime Brands, Inc. |
6,400 | 73,024 | ||||||
| Insurance – 1.8% | ||||||||
| American Equity Investment Life Holding Co.(a) |
14,329 | 213,359 | ||||||
| Baldwin & Lyons, Inc. Class B |
9,865 | 234,688 | ||||||
| Crawford & Co. Class A |
17,578 | 93,164 | ||||||
| Crawford & Co. Class B |
7,912 | 60,052 | ||||||
| Donegal Group, Inc. Class A |
12,809 | 195,594 | ||||||
| Eastern Insurance Holdings, Inc. |
2,310 | 43,336 | ||||||
| EMC Insurance Group, Inc. |
8,602 | 226,491 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Employers Holdings, Inc. |
6,767 | $ | 158,686 | |||||
| FBL Financial Group, Inc. Class A |
5,442 | 211,476 | ||||||
| Hanover Insurance Group, Inc. |
26,158 | 1,299,530 | ||||||
| Homeowners Choice, Inc.(a) |
7,504 | 204,484 | ||||||
| Horace Mann Educators Corp. |
19,646 | 409,619 | ||||||
| Infinity Property & Casualty Corp. |
3,350 | 188,270 | ||||||
| Investors Title Co. |
197 | 13,607 | ||||||
| Kansas City Life Insurance Co. |
5,817 | 227,619 | ||||||
| Kemper Corp. |
34,602 | 1,128,371 | ||||||
| Meadowbrook Insurance Group, Inc. |
12,767 | 90,007 | ||||||
| National Interstate Corp. |
5,240 | 157,095 | ||||||
| National Western Life Insurance Co. Class A |
155 | 27,280 | ||||||
| Primerica, Inc. |
12,281 | 402,571 | ||||||
| Radian Group, Inc.(a) |
4,989 | 53,432 | ||||||
| RLI Corp. |
7,766 | 557,987 | ||||||
| Safety Insurance Group, Inc. |
14,936 | 734,104 | ||||||
| Selective Insurance Group, Inc. |
27,732 | 665,845 | ||||||
| StanCorp Financial Group, Inc. |
20,962 | 896,335 | ||||||
| State Auto Financial Corp. |
21,011 | 366,012 | ||||||
| Stewart Information Services Corp.(a) |
709 | 18,058 | ||||||
| Symetra Financial Corp. |
48,136 | 645,504 | ||||||
| United Fire Group, Inc. |
13,060 | 332,638 | ||||||
| Universal Insurance Holdings, Inc. |
58,942 | 285,869 | ||||||
|
|
|
|||||||
| Total Insurance | 10,141,083 | |||||||
| Internet – 1.1% | ||||||||
| Cogent Communications Group, Inc. |
49,225 | 1,299,540 | ||||||
| Earthlink, Inc. |
167,385 | 907,227 | ||||||
| Keynote Systems, Inc. |
15,927 | 222,341 | ||||||
| Nutrisystem, Inc. |
136,398 | 1,156,655 | ||||||
| PC-Tel, Inc. |
20,679 | 146,821 | ||||||
| United Online, Inc. |
351,870 | 2,121,776 | ||||||
|
|
|
|||||||
| Total Internet | 5,854,360 | |||||||
| Investment Companies – 0.3% | ||||||||
| Arlington Asset Investment Corp. Class A |
59,024 | 1,523,409 | ||||||
| Iron/Steel – 0.9% | ||||||||
| Commercial Metals Co. |
205,689 | 3,260,170 | ||||||
| Metals USA Holdings Corp. |
30,203 | 623,692 | ||||||
| Schnitzer Steel Industries, Inc. Class A |
34,527 | 920,490 | ||||||
|
|
|
|||||||
| Total Iron/Steel | 4,804,352 | |||||||
| Leisure Time – 0.3% | ||||||||
| Callaway Golf Co. |
23,581 | 156,106 | ||||||
| Interval Leisure Group, Inc. |
61,810 | 1,343,750 | ||||||
| Marine Products Corp. |
27,765 | 204,350 | ||||||
|
|
|
|||||||
| Total Leisure Time | 1,704,206 | |||||||
| Lodging – 0.3% | ||||||||
| Ameristar Casinos, Inc. |
40,194 | 1,054,289 | ||||||
| Marcus Corp. |
30,884 | 385,741 | ||||||
|
|
|
|||||||
| Total Lodging | 1,440,030 | |||||||
| Machinery-Diversified – 1.6% | ||||||||
| Alamo Group, Inc. |
4,702 | 179,851 | ||||||
| Albany International Corp. Class A |
37,614 | 1,087,045 | ||||||
| Altra Holdings, Inc. |
15,979 | $ | 434,948 | |||||
| Applied Industrial Technologies, Inc. |
47,197 | 2,123,865 | ||||||
| Briggs & Stratton Corp.(a) |
58,032 | 1,439,194 | ||||||
| Cognex Corp. |
28,107 | 1,184,710 | ||||||
| Global Power Equipment Group, Inc. |
18,122 | 319,310 | ||||||
| Gorman-Rupp Co. (The) |
15,275 | 459,014 | ||||||
| Lindsay Corp.(a) |
4,072 | 359,069 | ||||||
| NACCO Industries, Inc. Class A |
6,249 | 333,447 | ||||||
| Tennant Co. |
16,915 | 821,392 | ||||||
| Twin Disc, Inc.(a) |
12,365 | 310,114 | ||||||
|
|
|
|||||||
| Total Machinery-Diversified | 9,051,959 | |||||||
| Media – 2.4% | ||||||||
| Belo Corp. Class A |
218,246 | 2,145,358 | ||||||
| CBS Corp. Class A |
30,739 | 1,424,138 | ||||||
| Courier Corp. |
45,331 | 653,220 | ||||||
| Fisher Communications, Inc. |
10,590 | 415,552 | ||||||
| Meredith Corp.(a) |
86,428 | 3,306,735 | ||||||
| Nexstar Broadcasting Group, Inc. Class A |
40,132 | 722,376 | ||||||
| Scholastic Corp. |
27,417 | 730,663 | ||||||
| Sinclair Broadcast Group, Inc. Class A |
139,255 | 2,818,521 | ||||||
| World Wrestling Entertainment, Inc. Class A(a) |
92,188 | 813,098 | ||||||
|
|
|
|||||||
| Total Media | 13,029,661 | |||||||
| Metal Fabricate/Hardware – 1.4% | ||||||||
| Ampco-Pittsburgh Corp. |
21,202 | 400,930 | ||||||
| CIRCOR International, Inc. |
3,662 | 155,635 | ||||||
| Dynamic Materials Corp. |
8,149 | 141,792 | ||||||
| Haynes International, Inc. |
11,147 | 616,429 | ||||||
| Kaydon Corp. |
59,710 | 1,527,382 | ||||||
| L.B. Foster Co. Class A |
1,332 | 58,994 | ||||||
| Mueller Industries, Inc. |
15,122 | 805,851 | ||||||
| Mueller Water Products, Inc. Class A |
108,620 | 644,117 | ||||||
| Olympic Steel, Inc. |
2,184 | 52,198 | ||||||
| Sun Hydraulics Corp. |
19,217 | 624,745 | ||||||
| Worthington Industries, Inc. |
79,233 | 2,454,638 | ||||||
|
|
|
|||||||
| Total Metal Fabricate/Hardware | 7,482,711 | |||||||
| Mining – 1.2% | ||||||||
| AMCOL International Corp. |
43,827 | 1,323,137 | ||||||
| Globe Specialty Metals, Inc. |
66,703 | 928,506 | ||||||
| Gold Resource Corp.(a) |
133,294 | 1,736,821 | ||||||
| Hecla Mining Co.(a) |
247,649 | 978,213 | ||||||
| Kaiser Aluminum Corp. |
16,903 | 1,092,779 | ||||||
| Materion Corp. |
13,568 | 386,688 | ||||||
| Noranda Aluminum Holding Corp. |
92,227 | 414,099 | ||||||
|
|
|
|||||||
| Total Mining | 6,860,243 | |||||||
| Miscellaneous Manufacturing – 3.2% | ||||||||
| AZZ, Inc. |
21,460 | 1,034,372 | ||||||
| Barnes Group, Inc. |
53,958 | 1,561,005 | ||||||
| Chase Corp. |
10,432 | 201,546 | ||||||
| FreightCar America, Inc. |
6,648 | 145,059 | ||||||
| Harsco Corp. |
158,310 | 3,921,339 | ||||||
| Hillenbrand, Inc. |
116,370 | 2,941,834 | ||||||
| John Bean Technologies Corp. |
25,258 | 524,103 | ||||||
See Notes to Financial Statements.
| 44 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Koppers Holdings, Inc. |
27,739 | $ | 1,219,961 | |||||
| Movado Group, Inc. |
6,355 | 213,020 | ||||||
| Myers Industries, Inc. |
39,737 | 554,729 | ||||||
| NL Industries, Inc.(a) |
114,832 | 1,427,362 | ||||||
| Raven Industries, Inc. |
30,764 | 1,033,978 | ||||||
| Standex International Corp. |
4,400 | 242,968 | ||||||
| Sturm Ruger & Co., Inc.(a) |
36,403 | 1,846,724 | ||||||
| Tredegar Corp. |
21,644 | 637,199 | ||||||
|
|
|
|||||||
| Total Miscellaneous Manufacturing | 17,505,199 | |||||||
| Office Furnishings – 1.5% | ||||||||
| Herman Miller, Inc. |
54,493 | 1,507,821 | ||||||
| HNI Corp. |
80,349 | 2,851,586 | ||||||
| Interface, Inc. Class A |
22,319 | 428,971 | ||||||
| Knoll, Inc. |
84,757 | 1,536,645 | ||||||
| Steelcase, Inc. Class A |
145,314 | 2,140,475 | ||||||
|
|
|
|||||||
| Total Office Furnishings | 8,465,498 | |||||||
| Oil & Gas – 1.3% | ||||||||
| Adams Resources & Energy, Inc. |
4,196 | 213,996 | ||||||
| Alon USA Energy, Inc. |
37,584 | 715,975 | ||||||
| Berry Petroleum Co. Class A |
27,200 | 1,259,088 | ||||||
| Delek US Holdings, Inc. |
49,573 | 1,956,151 | ||||||
| EXCO Resources, Inc.(a) |
246,634 | 1,758,501 | ||||||
| Panhandle Oil and Gas, Inc. Class A |
4,488 | 128,581 | ||||||
| W&T Offshore, Inc.(a) |
74,431 | 1,056,920 | ||||||
|
|
|
|||||||
| Total Oil & Gas | 7,089,212 | |||||||
| Oil & Gas Services – 0.3% | ||||||||
| Bolt Technology Corp. |
8,809 | 153,805 | ||||||
| CARBO Ceramics, Inc.(a) |
16,564 | 1,508,484 | ||||||
| Gulf Island Fabrication, Inc. |
12,365 | 260,407 | ||||||
|
|
|
|||||||
| Total Oil & Gas Services | 1,922,696 | |||||||
| Packaging & Containers – 1.1% | ||||||||
| Greif, Inc. Class A |
51,973 | 2,786,792 | ||||||
| Greif, Inc. Class B(a) |
63,336 | 3,553,150 | ||||||
|
|
|
|||||||
| Total Packaging & Containers | 6,339,942 | |||||||
| Pharmaceuticals – 0.5% | ||||||||
| Questcor Pharmaceuticals, Inc.(a) |
87,081 | 2,833,616 | ||||||
| Pipelines – 0.3% | ||||||||
| Crosstex Energy, Inc. |
90,014 | 1,733,670 | ||||||
| Private Equity – 0.6% | ||||||||
| Fidus Investment Corp. |
49,390 | 945,818 | ||||||
| Gladstone Investment Corp. |
111,215 | 812,982 | ||||||
| Hercules Technology Growth Capital, Inc. |
127,440 | 1,561,140 | ||||||
|
|
|
|||||||
| Total Private Equity | 3,319,940 | |||||||
| Real Estate – 0.1% | ||||||||
| Consolidated-Tomoka Land Co. |
177 | 6,947 | ||||||
| Kennedy-Wilson Holdings, Inc. |
17,458 | 270,774 | ||||||
| Thomas Properties Group, Inc. |
12,148 | 62,319 | ||||||
|
|
|
|||||||
| Total Real Estate | 340,040 | |||||||
| Real Estate Investment Trusts (REITs) – 10.2% | ||||||||
| Acadia Realty Trust |
26,968 | $ | 748,901 | |||||
| Agree Realty Corp. |
13,061 | 393,136 | ||||||
| American Assets Trust, Inc. |
23,406 | 749,226 | ||||||
| Ashford Hospitality Trust, Inc. |
55,108 | 681,135 | ||||||
| Associated Estates Realty Corp. |
42,084 | 784,446 | ||||||
| Brandywine Realty Trust |
135,656 | 2,014,492 | ||||||
| Campus Crest Communities, Inc. |
38,074 | 529,229 | ||||||
| CapLease, Inc. |
64,673 | 411,967 | ||||||
| Cedar Realty Trust, Inc. |
52,192 | 318,893 | ||||||
| Chatham Lodging Trust |
14,012 | 246,751 | ||||||
| Chesapeake Lodging Trust |
32,328 | 741,604 | ||||||
| Colonial Properties Trust |
57,538 | 1,300,934 | ||||||
| CommonWealth REIT |
97,879 | 2,196,405 | ||||||
| Coresite Realty Corp. Class A |
15,521 | 542,925 | ||||||
| Cousins Properties, Inc. |
42,746 | 456,955 | ||||||
| Cubesmart Class A |
53,939 | 852,236 | ||||||
| DCT Industrial Trust, Inc. |
221,182 | 1,636,747 | ||||||
| DiamondRock Hospitality Co. |
128,027 | 1,191,931 | ||||||
| DuPont Fabros Technology, Inc. |
38,989 | 946,263 | ||||||
| EastGroup Properties, Inc. |
22,099 | 1,286,162 | ||||||
| Education Realty Trust, Inc. |
79,605 | 838,241 | ||||||
| Excel Trust, Inc. |
42,278 | 577,095 | ||||||
| First Potomac Realty Trust |
62,328 | 924,324 | ||||||
| Franklin Street Properties Corp. |
96,139 | 1,405,552 | ||||||
| Getty Realty Corp. |
16,795 | 339,427 | ||||||
| Gladstone Commercial Corp.(a) |
17,206 | 335,001 | ||||||
| Glimcher Realty Trust |
97,369 | 1,129,480 | ||||||
| Government Properties Income Trust(a) |
74,991 | 1,929,518 | ||||||
| Healthcare Trust of America, Inc. Class A |
43,535 | 511,536 | ||||||
| Hersha Hospitality Trust |
182,856 | 1,067,879 | ||||||
| Hudson Pacific Properties, Inc. |
21,894 | 476,194 | ||||||
| Inland Real Estate Corp. |
114,584 | 1,156,153 | ||||||
| Investors Real Estate Trust |
102,365 | 1,010,343 | ||||||
| Kite Realty Group Trust |
64,861 | 437,163 | ||||||
| Lexington Realty Trust |
194,812 | 2,298,782 | ||||||
| LTC Properties, Inc. |
31,081 | 1,265,929 | ||||||
| Medical Properties Trust, Inc. |
171,442 | 2,749,930 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
44,910 | 500,746 | ||||||
| National Health Investors, Inc. |
24,668 | 1,614,521 | ||||||
| One Liberty Properties, Inc. |
18,395 | 399,539 | ||||||
| Parkway Properties, Inc. |
24,761 | 459,317 | ||||||
| Pebblebrook Hotel Trust |
24,013 | 619,295 | ||||||
| Pennsylvania Real Estate Investment Trust |
38,908 | 754,426 | ||||||
| Potlatch Corp. |
24,883 | 1,141,134 | ||||||
| PS Business Parks, Inc. |
12,407 | 979,160 | ||||||
| Ramco-Gershenson Properties Trust |
44,782 | 752,338 | ||||||
| Retail Opportunity Investments Corp.(a) |
42,294 | 592,539 | ||||||
| Retail Properties of America, Inc. Class A |
133,023 | 1,968,740 | ||||||
| Rouse Properties, Inc.(a) |
15,125 | 273,763 | ||||||
| Sabra Health Care REIT, Inc. |
43,172 | 1,252,420 | ||||||
| Saul Centers, Inc. |
12,799 | 559,828 | ||||||
| Select Income REIT |
39,402 | 1,042,183 | ||||||
| STAG Industrial, Inc. |
38,386 | 816,470 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 45 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| Summit Hotel Properties, Inc. |
41,910 | $ | 438,798 | |||||
| Sun Communities, Inc. |
35,144 | 1,733,654 | ||||||
| Terreno Realty Corp. |
7,698 | 138,410 | ||||||
| UMH Properties, Inc. |
22,093 | 226,895 | ||||||
| Universal Health Realty Income Trust |
12,006 | 692,866 | ||||||
| Urstadt Biddle Properties, Inc. Class A |
22,655 | 492,973 | ||||||
| Washington Real Estate Investment Trust |
54,991 | 1,530,949 | ||||||
| Whitestone REIT Class B |
25,480 | 385,767 | ||||||
| Winthrop Realty Trust |
36,852 | 463,598 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 56,313,214 | |||||||
| Retail – 4.1% | ||||||||
| bebe Stores, Inc. |
112,652 | 469,759 | ||||||
| Big 5 Sporting Goods Corp. |
27,475 | 428,885 | ||||||
| Bob Evans Farms, Inc. |
40,432 | 1,723,212 | ||||||
| Bon-Ton Stores, Inc. (The)(a) |
15,434 | 200,642 | ||||||
| Brown Shoe Co., Inc. |
34,693 | 555,088 | ||||||
| Cash America International, Inc. |
12,285 | 644,594 | ||||||
| Cato Corp. (The) Class A |
53,482 | 1,291,056 | ||||||
| CEC Entertainment, Inc. |
27,707 | 907,404 | ||||||
| Cracker Barrel Old Country Store, Inc. |
40,347 | 3,262,055 | ||||||
| Destination Maternity Corp. |
23,093 | 540,376 | ||||||
| Einstein Noah Restaurant Group, Inc. |
28,335 | 420,208 | ||||||
| Finish Line, Inc. (The) Class A |
35,489 | 695,230 | ||||||
| Fred’s, Inc. Class A |
34,938 | 477,952 | ||||||
| Group 1 Automotive, Inc. |
11,826 | 710,388 | ||||||
| Haverty Furniture Co., Inc. |
10,220 | 210,123 | ||||||
| Hot Topic, Inc. |
72,889 | 1,011,699 | ||||||
| Lithia Motors, Inc. Class A |
13,388 | 635,662 | ||||||
| Men’s Wearhouse, Inc. (The) |
64,620 | 2,159,600 | ||||||
| OfficeMax, Inc. |
36,836 | 427,666 | ||||||
| PetMed Express, Inc.(a) |
56,680 | 760,362 | ||||||
| Regis Corp.(a) |
42,816 | 778,823 | ||||||
| Roundy’s, Inc.(a) |
256,352 | 1,684,233 | ||||||
| Shoe Carnival, Inc. |
10,828 | 221,324 | ||||||
| Sonic Automotive, Inc. Class A |
11,556 | 256,081 | ||||||
| Stage Stores, Inc. |
26,966 | 697,880 | ||||||
| Texas Roadhouse, Inc. |
82,445 | 1,664,565 | ||||||
| Winmark Corp. |
757 | 47,683 | ||||||
|
|
|
|||||||
| Total Retail | 22,882,550 | |||||||
| Savings & Loans – 1.3% | ||||||||
| Astoria Financial Corp. |
33,439 | 329,709 | ||||||
| Bank Mutual Corp. |
16,432 | 90,869 | ||||||
| BankFinancial Corp. |
2,887 | 23,356 | ||||||
| Berkshire Hills Bancorp, Inc. |
13,965 | 356,666 | ||||||
| Brookline Bancorp, Inc. |
52,946 | 483,926 | ||||||
| Clifton Savings Bancorp, Inc. |
10,603 | 132,113 | ||||||
| Dime Community Bancshares, Inc. |
26,693 | 383,311 | ||||||
| ESB Financial Corp. |
7,945 | 108,767 | ||||||
| ESSA Bancorp, Inc. |
4,682 | 50,753 | ||||||
| EverBank Financial Corp.(a) |
11,242 | 173,127 | ||||||
| First Defiance Financial Corp. |
2,083 | 48,576 | ||||||
| First Financial Holdings, Inc. |
4,652 | 97,506 | ||||||
| First PacTrust Bancorp, Inc.(a) |
7,751 | 88,361 | ||||||
| Flushing Financial Corp. |
19,664 | $ | 333,108 | |||||
| Fox Chase Bancorp, Inc. |
2,276 | 38,442 | ||||||
| Heritage Financial Group, Inc. |
1,723 | 24,949 | ||||||
| Hingham Institution for savings(a) |
622 | 43,353 | ||||||
| Home Federal Bancorp, Inc. |
5,535 | 70,848 | ||||||
| Northwest Bancshares, Inc. |
71,874 | 912,081 | ||||||
| OceanFirst Financial Corp. |
11,821 | 170,459 | ||||||
| Oritani Financial Corp. |
33,386 | 517,149 | ||||||
| Provident Financial Holdings, Inc. |
2,466 | 41,947 | ||||||
| Provident Financial Services, Inc. |
39,707 | 606,326 | ||||||
| Provident New York Bancorp |
21,496 | 194,969 | ||||||
| Pulaski Financial Corp.(a) |
8,233 | 87,023 | ||||||
| Rockville Financial, Inc. |
16,130 | 209,045 | ||||||
| SI Financial Group, Inc. |
1,917 | 23,176 | ||||||
| Simplicity Bancorp, Inc. |
3,548 | 53,326 | ||||||
| Territorial Bancorp, Inc. |
4,243 | 100,899 | ||||||
| United Financial Bancorp, Inc. |
7,360 | 111,872 | ||||||
| ViewPoint Financial Group |
14,004 | 281,620 | ||||||
| Washington Federal, Inc. |
38,038 | 665,665 | ||||||
| Westfield Financial, Inc. |
14,906 | 115,969 | ||||||
| WSFS Financial Corp. |
1,888 | 91,832 | ||||||
|
|
|
|||||||
| Total Savings & Loans | 7,061,098 | |||||||
| Semiconductors – 1.8% | ||||||||
| Brooks Automation, Inc. |
149,718 | 1,524,129 | ||||||
| Cohu, Inc. |
28,873 | 270,251 | ||||||
| Intersil Corp. Class A |
400,414 | 3,487,606 | ||||||
| IXYS Corp. |
21,076 | 202,119 | ||||||
| Micrel, Inc. |
55,370 | 581,939 | ||||||
| MKS Instruments, Inc. |
72,866 | 1,981,955 | ||||||
| Power Integrations, Inc. |
9,150 | 397,202 | ||||||
| Richardson Electronics Ltd. |
14,148 | 167,795 | ||||||
| Tessera Technologies, Inc. |
69,791 | 1,308,581 | ||||||
|
|
|
|||||||
| Total Semiconductors | 9,921,577 | |||||||
| Software – 1.7% | ||||||||
| American Software, Inc. Class A |
65,885 | 548,163 | ||||||
| Blackbaud, Inc. |
51,975 | 1,540,019 | ||||||
| Computer Programs & Systems, Inc. |
21,907 | 1,185,388 | ||||||
| Ebix, Inc.(a) |
35,369 | 573,685 | ||||||
| EPIQ Systems, Inc. |
53,839 | 755,361 | ||||||
| Fair Isaac Corp. |
3,566 | 162,931 | ||||||
| ManTech International Corp. Class A(a) |
40,859 | 1,097,881 | ||||||
| Monotype Imaging Holdings, Inc. |
19,586 | 465,168 | ||||||
| Pegasystems, Inc. |
10,437 | 293,071 | ||||||
| Quality Systems, Inc. |
124,011 | 2,266,921 | ||||||
| Schawk, Inc. |
33,227 | 365,165 | ||||||
|
|
|
|||||||
| Total Software | 9,253,753 | |||||||
| Telecommunications – 2.9% | ||||||||
| ADTRAN, Inc.(a) |
60,797 | 1,194,661 | ||||||
| Atlantic Tele-Network, Inc. |
24,106 | 1,169,382 | ||||||
| Black Box Corp. |
11,153 | 243,247 | ||||||
| Comtech Telecommunications Corp. |
40,173 | 975,400 | ||||||
| Consolidated Communications Holdings, Inc. |
215,366 | 3,779,673 | ||||||
| HickoryTech Corp. |
41,372 | 419,926 | ||||||
See Notes to Financial Statements.
| 46 | WisdomTree Domestic Dividend Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2013
| Investments | Shares | Value | ||||||
| InterDigital, Inc. |
21,395 | $ | 1,023,323 | |||||
| Lumos Networks Corp. |
68,502 | 923,407 | ||||||
| NTELOS Holdings Corp. |
148,322 | 1,900,005 | ||||||
| Plantronics, Inc. |
25,804 | 1,140,279 | ||||||
| Preformed Line Products Co. |
3,686 | 257,909 | ||||||
| Shenandoah Telecommunications Co. |
27,174 | 413,860 | ||||||
| Tellabs, Inc. |
471,092 | 984,582 | ||||||
| Telular Corp. |
42,919 | 431,765 | ||||||
| TESSCO Technologies, Inc. |
14,545 | 314,754 | ||||||
| USA Mobility, Inc. |
48,851 | 648,253 | ||||||
|
|
|
|||||||
| Total Telecommunications | 15,820,426 | |||||||
| Textiles – 0.2% | ||||||||
| Culp, Inc. |
5,361 | 85,293 | ||||||
| G&K Services, Inc. Class A |
24,152 | 1,099,158 | ||||||
| UniFirst Corp. |
1,668 | 150,954 | ||||||
|
|
|
|||||||
| Total Textiles | 1,335,405 | |||||||
| Toys/Games/Hobbies – 0.1% | ||||||||
| JAKKS Pacific, Inc. |
36,781 | 385,833 | ||||||
| Transportation – 1.2% | ||||||||
| Arkansas Best Corp. |
17,769 | 207,542 | ||||||
| Celadon Group, Inc. |
5,832 | 121,656 | ||||||
| Con-way, Inc. |
43,599 | 1,535,121 | ||||||
| Forward Air Corp. |
18,402 | 686,211 | ||||||
| Heartland Express, Inc. |
28,065 | 374,387 | ||||||
| International Shipholding Corp. |
23,042 | 419,364 | ||||||
| Knight Transportation, Inc. |
71,360 | 1,148,896 | ||||||
| Marten Transport Ltd. |
6,426 | 129,355 | ||||||
| Matson, Inc. |
55,751 | 1,371,475 | ||||||
| Werner Enterprises, Inc. |
38,275 | 923,958 | ||||||
|
|
|
|||||||
| Total Transportation | 6,917,965 | |||||||
| Trucking & Leasing – 1.0% | ||||||||
| TAL International Group, Inc.(a) |
125,979 | 5,708,109 | ||||||
| Water – 1.1% | ||||||||
| American States Water Co. |
31,839 | 1,832,971 | ||||||
| Artesian Resources Corp. Class A |
15,273 | 343,184 | ||||||
| California Water Service Group |
80,432 | 1,600,597 | ||||||
| Connecticut Water Service, Inc. |
15,262 | 446,108 | ||||||
| Middlesex Water Co. |
33,161 | 647,303 | ||||||
| SJW Corp. |
27,901 | 739,377 | ||||||
| York Water Co. |
21,720 | 408,336 | ||||||
|
|
|
|||||||
| Total Water | 6,017,876 | |||||||
| TOTAL COMMON STOCKS (Cost: $468,641,614) |
549,726,125 | |||||||
| EXCHANGE-TRADED FUND – 0.4% | ||||||||
| WisdomTree MidCap Dividend Fund(b) (Cost: $1,909,935) |
33,236 | 2,167,320 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.2% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) |
||||||||
| (Cost: $67,668,996)(d) | 67,668,996 | $ | 67,668,996 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 111.9% (Cost: $538,220,545) |
619,562,441 | |||||||
| Liabilities in Excess of Other Assets – (11.9)% |
|
(66,011,702 | ) | |||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 553,550,739 | ||||||
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 7). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $66,013,365 and the total market value of the collateral held by the Fund was $67,668,996. |
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 47 |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic Dividend Funds
March 31, 2013
| WisdomTree Total Dividend Fund |
WisdomTree Equity Income Fund |
WisdomTree LargeCap Dividend Fund |
WisdomTree Dividend ex-Financials Fund |
WisdomTree MidCap Dividend Fund |
WisdomTree Dividend Fund |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 236,005,194 | $ | 561,033,550 | $ | 1,334,818,131 | $ | 991,716,141 | $ | 512,166,265 | $ | 536,310,610 | ||||||||||||
| Investment in affiliates, at cost (Note 7) |
525,888 | 1,699,098 | 963,486 | 1,848,943 | 1,045,143 | 1,909,935 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2)1 |
299,955,316 | 653,294,273 | 1,502,217,003 | 1,130,530,538 | 601,715,202 | 617,395,121 | ||||||||||||||||||
| Investment in affiliates, at value (Note 7) |
555,273 | 1,724,461 | 1,000,359 | 1,902,295 | 1,280,250 | 2,167,320 | ||||||||||||||||||
| Cash |
118,263 | 1,693,838 | — | 781,146 | 689,382 | 1,343,002 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
556,066 | 1,392,760 | 2,576,524 | 2,595,070 | 1,224,619 | 1,289,701 | ||||||||||||||||||
| Capital shares sold |
— | 2,558,177 | 11,752,132 | — | — | — | ||||||||||||||||||
| Investment securities sold |
— | 160,340 | 2,104,205 | — | — | 950,586 | ||||||||||||||||||
| Total Assets |
301,184,918 | 660,823,849 | 1,519,650,223 | 1,135,809,049 | 604,909,453 | 623,145,730 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Due to custodian |
— | — | 1,598,456 | — | — | — | ||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Investment securities purchased |
— | 4,351,014 | 11,745,632 | — | 785,854 | 1,756,957 | ||||||||||||||||||
| Investment of cash collateral |
4,476,887 | 16,686,775 | 5,850,178 | 40,662,826 | 63,227,705 | 67,668,996 | ||||||||||||||||||
| Advisory fees (Note 3) |
69,317 | 198,759 | 344,861 | 342,294 | 166,321 | 167,097 | ||||||||||||||||||
| Service fees (Note 2) |
1,091 | 2,306 | 5,427 | 3,971 | 1,930 | 1,941 | ||||||||||||||||||
| Total Liabilities |
4,547,295 | 21,238,854 | 19,544,554 | 41,009,091 | 64,181,810 | 69,594,991 | ||||||||||||||||||
| NET ASSETS |
$ | 296,637,623 | $ | 639,584,995 | $ | 1,500,105,669 | $ | 1,094,799,958 | $ | 540,727,643 | $ | 553,550,739 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 260,356,961 | $ | 622,901,022 | $ | 1,422,804,867 | $ | 1,071,807,068 | $ | 496,584,984 | $ | 537,079,221 | ||||||||||||
| Undistributed net investment income |
— | — | — | — | 291,198 | — | ||||||||||||||||||
| Accumulated net realized gain (loss) on investments |
(27,698,845 | ) | (75,602,113 | ) | (90,134,943 | ) | (115,874,859 | ) | (45,932,583 | ) | (64,870,378 | ) | ||||||||||||
| Net unrealized appreciation on investments |
63,979,507 | 92,286,086 | 167,435,745 | 138,867,749 | 89,784,044 | 81,341,896 | ||||||||||||||||||
| NET ASSETS |
$ | 296,637,623 | $ | 639,584,995 | $ | 1,500,105,669 | $ | 1,094,799,958 | $ | 540,727,643 | $ | 553,550,739 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
5,000,000 | 12,500,000 | 25,450,000 | 17,650,000 | 8,300,000 | 9,700,000 | ||||||||||||||||||
| Net asset value per share |
$ | 59.33 | $ | 51.17 | $ | 58.94 | $ | 62.03 | $ | 65.15 | $ | 57.07 | ||||||||||||
| 1 | Market value of securities out on loan were as follows: $4,389,272, $16,371,989, $5,709,807, $39,910,926, $63,394,236 and $66,013,365, respectively. |
See Notes to Financial Statements.
| 48 | WisdomTree Domestic Dividend Funds |
Table of Contents
WisdomTree Domestic Dividend Funds
For the Year Ended March 31, 2013
| 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 |
$ | 9,424,747 | $ | 22,371,449 | $ | 41,086,374 | $ | 48,617,495 | $ | 14,215,190 | $ | 14,829,796 | ||||||||||||
| Dividends from affiliates (Note 7) |
14,532 | 55,555 | 80,208 | 83,793 | 33,572 | 55,375 | ||||||||||||||||||
| Interest |
38 | 39 | 112 | 105 | 23 | 24 | ||||||||||||||||||
| Securities lending income (Note 2) |
92,772 | 314,678 | 242,007 | 1,725,867 | 634,440 | 625,172 | ||||||||||||||||||
| Total investment income |
9,532,089 | 22,741,721 | 41,408,701 | 50,427,260 | 14,883,225 | 15,510,367 | ||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||
| Advisory fees (Note 3) |
800,414 | 2,013,065 | 3,559,615 | 4,293,005 | 1,470,242 | 1,440,193 | ||||||||||||||||||
| Service fees (Note 2) |
12,578 | 23,309 | 55,937 | 49,708 | 17,024 | 16,676 | ||||||||||||||||||
| Total expenses |
812,992 | 2,036,374 | 3,615,552 | 4,342,713 | 1,487,266 | 1,456,869 | ||||||||||||||||||
| Expense reimbursements/waivers (Note 3) |
(345 | ) | (1,844 | ) | (3,262 | ) | (1,588 | ) | (1,080 | ) | (2,171 | ) | ||||||||||||
| Net expenses |
812,647 | 2,034,530 | 3,612,290 | 4,341,125 | 1,486,186 | 1,454,698 | ||||||||||||||||||
| Net investment income |
8,719,442 | 20,707,191 | 37,796,411 | 46,086,135 | 13,397,039 | 14,055,669 | ||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||
| Investment transactions |
1,357,143 | (7,864,944 | ) | 917,867 | (28,935,429 | ) | (7,456,901 | ) | (10,260,686 | ) | ||||||||||||||
| Investment transactions from affiliates (Note 7) |
172,421 | 142,780 | 298,374 | 565,623 | 210,699 | (302,577 | ) | |||||||||||||||||
| In-kind redemptions |
10,093,928 | 23,399,274 | 99,221,616 | 137,244,179 | 20,696,376 | 28,694,083 | ||||||||||||||||||
| In-kind redemptions from affiliates (Note 7) |
— | 9,463 | 64,242 | 205,708 | — | 2,628 | ||||||||||||||||||
| Net realized gain |
11,623,492 | 15,686,573 | 100,502,099 | 109,080,081 | 13,450,174 | 18,133,448 | ||||||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
21,220,388 | 57,341,768 | 42,147,826 | 21,198,314 | 51,779,518 | 48,871,065 | ||||||||||||||||||
| Net realized and unrealized gain on investments |
32,843,880 | 73,028,341 | 142,649,925 | 130,278,395 | 65,229,692 | 67,004,513 | ||||||||||||||||||
| NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 41,563,322 | $ | 93,735,532 | $ | 180,446,336 | $ | 176,364,530 | $ | 78,626,731 | $ | 81,060,182 | ||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 49 |
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, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 8,719,442 | $ | 5,720,312 | $ | 20,707,191 | $ | 11,268,383 | $ | 37,796,411 | $ | 25,519,260 | ||||||||||||
| Net realized gain on investments |
11,623,492 | 980,275 | 15,686,573 | 8,515,199 | 100,502,099 | 37,264,703 | ||||||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
21,220,388 | 18,940,324 | 57,341,768 | 27,794,701 | 42,147,826 | 61,341,297 | ||||||||||||||||||
| Net increase in net assets resulting from operations |
41,563,322 | 25,640,911 | 93,735,532 | 47,578,283 | 180,446,336 | 124,125,260 | ||||||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(8,940,091 | ) | (5,704,497 | ) | (21,428,467 | ) | (11,082,460 | ) | (38,535,673 | ) | (25,273,380 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
49,665,794 | 55,746,369 | 270,941,564 | 263,895,489 | 622,419,430 | 699,406,625 | ||||||||||||||||||
| Cost of shares redeemed |
(29,636,759 | ) | (2,645,587 | ) | (131,581,198 | ) | (50,746,537 | ) | (469,439,117 | ) | (204,137,549 | ) | ||||||||||||
| Net increase in net assets resulting from capital share transactions |
20,029,035 | 53,100,782 | 139,360,366 | 213,148,952 | 152,980,313 | 495,269,076 | ||||||||||||||||||
| Net Increase in Net Assets |
52,652,266 | 73,037,196 | 211,667,431 | 249,644,775 | 294,890,976 | 594,120,956 | ||||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 243,985,357 | $ | 170,948,161 | $ | 427,917,564 | $ | 178,272,789 | $ | 1,205,214,693 | $ | 611,093,737 | ||||||||||||
| End of year |
$ | 296,637,623 | $ | 243,985,357 | $ | 639,584,995 | $ | 427,917,564 | $ | 1,500,105,669 | $ | 1,205,214,693 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | — | $ | 156,833 | $ | — | $ | 373,665 | $ | — | $ | 683,066 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
4,600,000 | 3,500,000 | 9,550,000 | 4,400,000 | 22,750,000 | 12,650,000 | ||||||||||||||||||
| Shares created |
950,000 | 1,150,000 | 5,800,000 | 6,400,000 | 11,300,000 | 14,300,000 | ||||||||||||||||||
| Shares redeemed |
(550,000 | ) | (50,000 | ) | (2,850,000 | ) | (1,250,000 | ) | (8,600,000 | ) | (4,200,000 | ) | ||||||||||||
| Shares outstanding, end of year |
5,000,000 | 4,600,000 | 12,500,000 | 9,550,000 | 25,450,000 | 22,750,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 50 | WisdomTree Domestic Dividend Funds |
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, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS: |
|
|||||||||||||||||||||||
| Net investment income |
$ | 46,086,135 | $ | 28,937,492 | $ | 13,397,039 | $ | 7,758,173 | $ | 14,055,669 | $ | 9,088,259 | ||||||||||||
| Net realized gain (loss) on investments |
109,080,081 | 11,774,481 | 13,450,174 | 5,786,455 | 18,133,448 | (214,898 | ) | |||||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
21,198,314 | 86,085,337 | 51,779,518 | 8,737,342 | 48,871,065 | 5,721,351 | ||||||||||||||||||
| Net increase in net assets resulting from operations |
176,364,530 | 126,797,310 | 78,626,731 | 22,281,970 | 81,060,182 | 14,594,712 | ||||||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(48,511,932 | ) | (27,628,769 | ) | (13,531,422 | ) | (7,571,610 | ) | (14,889,292 | ) | (9,064,912 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sale of shares |
561,533,550 | 1,032,619,697 | 210,740,736 | 142,423,733 | 271,062,801 | 62,381,645 | ||||||||||||||||||
| Cost of shares redeemed |
(863,397,708 | ) | (206,358,511 | ) | (81,071,494 | ) | (67,722,877 | ) | (97,473,959 | ) | (2,291,885 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
(301,864,158 | ) | 826,261,186 | 129,669,242 | 74,700,856 | 173,588,842 | 60,089,760 | |||||||||||||||||
| Net Increase (Decrease) in Net Assets |
(174,011,560 | ) | 925,429,727 | 194,764,551 | 89,411,216 | 239,759,732 | 65,619,560 | |||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 1,268,811,518 | $ | 343,381,791 | $ | 345,963,092 | $ | 256,551,876 | $ | 313,791,007 | $ | 248,171,447 | ||||||||||||
| End of year |
$ | 1,094,799,958 | $ | 1,268,811,518 | $ | 540,727,643 | $ | 345,963,092 | $ | 553,550,739 | $ | 313,791,007 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | — | $ | 1,487,436 | $ | 291,198 | $ | 423,490 | $ | — | $ | 319,163 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
23,150,000 | 6,850,000 | 6,150,000 | 4,750,000 | 6,400,000 | 5,100,000 | ||||||||||||||||||
| Shares created |
10,000,000 | 20,400,000 | 3,550,000 | 2,750,000 | 5,200,000 | 1,350,000 | ||||||||||||||||||
| Shares redeemed |
(15,500,000 | ) | (4,100,000 | ) | (1,400,000 | ) | (1,350,000 | ) | (1,900,000 | ) | (50,000 | ) | ||||||||||||
| Shares outstanding, end of year |
17,650,000 | 23,150,000 | 8,300,000 | 6,150,000 | 9,700,000 | 6,400,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic Dividend Funds | 51 |
Table of Contents
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Dividend Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 53.04 | $ | 48.84 | $ | 42.89 | $ | 29.26 | $ | 51.81 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.65 | 1.47 | 1.37 | 1.14 | 1.54 | |||||||||||||||
| Net realized and unrealized gain (loss) |
6.32 | 4.15 | 5.92 | 13.61 | (22.56 | ) | ||||||||||||||
| Total from investment operations |
7.97 | 5.62 | 7.29 | 14.75 | (21.02 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.68 | ) | (1.42 | ) | (1.34 | ) | (1.12 | ) | (1.53 | ) | ||||||||||
| Net asset value, end of year |
$ | 59.33 | $ | 53.04 | $ | 48.84 | $ | 42.89 | $ | 29.26 | ||||||||||
| TOTAL RETURN2 |
15.39 | % | 11.81 | % | 17.37 | % | 50.83 | % | (41.29 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 296,638 | $ | 243,985 | $ | 170,948 | $ | 132,971 | $ | 84,844 | ||||||||||
| 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 |
3.05 | % | 3.03 | % | 3.10 | % | 3.01 | % | 3.91 | % | ||||||||||
| Portfolio turnover rate4 |
13 | % | 15 | % | 6 | % | 16 | % | 23 | % | ||||||||||
| WisdomTree Equity Income Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 44.81 | $ | 40.52 | $ | 35.12 | $ | 22.98 | $ | 47.81 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.82 | 1.66 | 1.61 | 1.17 | 1.95 | |||||||||||||||
| Net realized and unrealized gain (loss) |
6.40 | 4.15 | 5.33 | 12.16 | (24.80 | ) | ||||||||||||||
| Total from investment operations |
8.22 | 5.81 | 6.94 | 13.33 | (22.85 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.86 | ) | (1.52 | ) | (1.54 | ) | (1.19 | ) | (1.98 | ) | ||||||||||
| Net asset value, end of year |
$ | 51.17 | $ | 44.81 | $ | 40.52 | $ | 35.12 | $ | 22.98 | ||||||||||
| TOTAL RETURN2 |
18.83 | % | 14.66 | % | 20.24 | % | 58.47 | % | (49.06 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 639,585 | $ | 427,918 | $ | 178,273 | $ | 122,907 | $ | 101,091 | ||||||||||
| 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 |
3.91 | % | 3.99 | % | 4.25 | % | 3.72 | % | 5.59 | % | ||||||||||
| Portfolio turnover rate4 |
28 | % | 22 | % | 8 | % | 25 | % | 45 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | 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 (continued)
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Dividend Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 52.98 | $ | 48.31 | $ | 42.56 | $ | 29.86 | $ | 52.71 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.61 | 1.45 | 1.33 | 1.10 | 1.51 | |||||||||||||||
| Net realized and unrealized gain (loss) |
6.00 | 4.59 | 5.68 | 12.69 | (22.91 | ) | ||||||||||||||
| Total from investment operations |
7.61 | 6.04 | 7.01 | 13.79 | (21.40 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.65 | ) | (1.37 | ) | (1.26 | ) | (1.09 | ) | (1.45 | ) | ||||||||||
| Net asset value, end of year |
$ | 58.94 | $ | 52.98 | $ | 48.31 | $ | 42.56 | $ | 29.86 | ||||||||||
| TOTAL RETURN2 |
14.69 | % | 12.82 | % | 16.83 | % | 46.53 | % | (41.25 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 1,500,106 | $ | 1,205,215 | $ | 611,094 | $ | 412,809 | $ | 294,135 | ||||||||||
| 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 |
2.97 | % | 3.02 | % | 3.04 | % | 2.89 | % | 3.78 | % | ||||||||||
| Portfolio turnover rate4 |
14 | % | 14 | % | 5 | % | 17 | % | 25 | % | ||||||||||
| WisdomTree Dividend ex-Financials Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 54.81 | $ | 50.13 | $ | 42.76 | $ | 26.74 | $ | 51.14 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
2.27 | 2.06 | 1.81 | 1.60 | 1.81 | |||||||||||||||
| Net realized and unrealized gain (loss) |
7.36 | 4.31 | 7.25 | 16.01 | (24.34 | ) | ||||||||||||||
| Total from investment operations |
9.63 | 6.37 | 9.06 | 17.61 | (22.53 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(2.41 | ) | (1.69 | ) | (1.69 | ) | (1.59 | ) | (1.87 | ) | ||||||||||
| Net asset value, end of year |
$ | 62.03 | $ | 54.81 | $ | 50.13 | $ | 42.76 | $ | 26.74 | ||||||||||
| TOTAL RETURN2 |
18.18 | % | 12.99 | % | 21.68 | % | 66.66 | % | (45.10 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 1,094,800 | $ | 1,268,812 | $ | 343,382 | $ | 190,277 | $ | 104,277 | ||||||||||
| 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 |
4.08 | % | 4.05 | % | 3.99 | % | 4.32 | % | 4.57 | % | ||||||||||
| Portfolio turnover rate4 |
34 | % | 38 | % | 5 | % | 57 | % | 53 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | 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 | 53 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Dividend Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 56.25 | $ | 54.01 | $ | 46.08 | $ | 26.80 | $ | 48.00 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.99 | 1.47 | 1.53 | 1.29 | 1.63 | |||||||||||||||
| Net realized and unrealized gain (loss) |
8.91 | 2.17 | 7.79 | 19.22 | (21.16 | ) | ||||||||||||||
| Total from investment operations |
10.90 | 3.64 | 9.32 | 20.51 | (19.53 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(2.00 | ) | (1.40 | ) | (1.39 | ) | (1.23 | ) | (1.67 | ) | ||||||||||
| Net asset value, end of year |
$ | 65.15 | $ | 56.25 | $ | 54.01 | $ | 46.08 | $ | 26.80 | ||||||||||
| TOTAL RETURN2 |
19.96 | % | 6.99 | % | 20.60 | % | 77.34 | % | (41.61 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 540,728 | $ | 345,963 | $ | 256,552 | $ | 122,121 | $ | 65,655 | ||||||||||
| 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 |
3.46 | % | 2.81 | % | 3.16 | % | 3.34 | % | 4.31 | % | ||||||||||
| Portfolio turnover rate4 |
33 | % | 29 | % | 10 | % | 11 | % | 43 | % | ||||||||||
| WisdomTree SmallCap Dividend Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 49.03 | $ | 48.66 | $ | 42.39 | $ | 24.06 | $ | 46.31 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.87 | 1.68 | 1.72 | 1.49 | 1.85 | |||||||||||||||
| Net realized and unrealized gain (loss) |
8.14 | 0.34 | 6.14 | 18.28 | (22.26 | ) | ||||||||||||||
| Total from investment operations |
10.01 | 2.02 | 7.86 | 19.77 | (20.41 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.97 | ) | (1.65 | ) | (1.59 | ) | (1.44 | ) | (1.84 | ) | ||||||||||
| Net asset value, end of year |
$ | 57.07 | $ | 49.03 | $ | 48.66 | $ | 42.39 | $ | 24.06 | ||||||||||
| TOTAL RETURN2 |
21.06 | % | 4.50 | % | 18.96 | % | 83.27 | % | (45.27 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 553,551 | $ | 313,791 | $ | 248,171 | $ | 154,724 | $ | 73,369 | ||||||||||
| 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 |
3.71 | % | 3.69 | % | 3.86 | % | 4.21 | % | 5.15 | % | ||||||||||
| Portfolio turnover rate4 |
49 | % | 31 | % | 11 | % | 16 | % | 65 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | 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.
| 54 | WisdomTree Domestic Dividend Funds |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2013, the Trust offered 47 investment funds (each a “Fund”, and collectively, the “Funds”). These notes relate only to the Funds listed in the table below:
| Fund | Commencement of Operations |
|||
| WisdomTree Total Dividend Fund (“Total Dividend Fund”) |
June 16, 2006 | |||
| WisdomTree Equity Income Fund (“Equity Income Fund”) |
June 16, 2006 | |||
| WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”) |
June 16, 2006 | |||
| WisdomTree Dividend ex-Financials Fund (“Dividend ex-Financials Fund”) |
June 16, 2006 | |||
| WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”) |
June 16, 2006 | |||
| WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”) |
June 16, 2006 | |||
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 Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
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),
| WisdomTree Domestic Dividend Funds | 55 |
Table of Contents
Notes to Financial Statements (continued)
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)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:
Financial instruments are valued by pricing service providers that use broker dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the service providers’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Over-the-counter financial derivative instruments, such as forward foreign currency contracts derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.
WTAM, the investment adviser to each Fund and the Trust, has established a fair valuation committee (the “Valuation Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination
| 56 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Valuation Committee may employ a market-based valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Valuation Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Valuation Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Valuation Committee conducts back testing of Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.
The following is a summary of the fair valuations according to the inputs used as of March 31, 2013 in valuing each Fund’s assets:
| Total Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 295,478,429 | $ | — | $ | — | ||||||
| Exchange-Traded Fund |
555,273 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 4,476,887 | — | |||||||||
| Total |
$ | 296,033,702 | $ | 4,476,887 | $ | — | ||||||
| Equity Income Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 636,607,498 | $ | — | $ | — | ||||||
| Exchange-Traded Fund |
1,724,461 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 16,686,775 | — | |||||||||
| Total |
$ | 638,331,959 | $ | 16,686,775 | $ | — | ||||||
| LargeCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 1,496,366,825 | $ | — | $ | — | ||||||
| Exchange-Traded Fund |
1,000,359 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 5,850,178 | — | |||||||||
| Total |
$ | 1,497,367,184 | $ | 5,850,178 | $ | — | ||||||
| Dividend ex-Financials Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 1,089,867,712 | $ | — | $ | — | ||||||
| Exchange-Traded Funds |
1,902,295 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 40,662,826 | — | |||||||||
| Total |
$ | 1,091,770,007 | $ | 40,662,826 | $ | — | ||||||
| MidCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 538,487,497 | $ | — | $ | — | ||||||
| Exchange-Traded Fund |
1,280,250 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 63,227,705 | — | |||||||||
| Total |
$ | 539,767,747 | $ | 63,227,705 | $ | — | ||||||
| SmallCap Dividend Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 549,726,125 | $ | — | $ | — | ||||||
| Exchange-Traded Fund |
2,167,320 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 67,668,996 | — | |||||||||
| Total |
$ | 551,893,445 | $ | 67,668,996 | $ | — | ||||||
| * | Please refer to Schedule of Investments for a breakdown of the valuation by industry. |
| WisdomTree Domestic Dividend Funds | 57 |
Table of Contents
Notes to Financial Statements (continued)
There were no Level 3 securities during the fiscal year ended March 31, 2013.
No transfers between Level 1 or Level 2 fair value measurements occurred during the fiscal year ended March 31, 2013.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds did not invest in derivative instruments during the fiscal year ended March 31, 2013.
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of each Fund, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of Trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. Government, its agencies, non-U.S. Government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with U.S. Federal income tax regulations which may differ from GAAP. These “book/tax” differences are either considered
| 58 | WisdomTree Domestic Dividend Funds |
Table of Contents
Notes to Financial Statements (continued)
temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their U.S. Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profit for tax purposes, are reported as a tax return of capital 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 Corporation (“MCM”) to provide sub-advisory services to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody, fund administration, securities lending and all other non-distribution related services necessary for the Funds to operate. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for certain expenses described in Note 2.
Pursuant to a separate contractual arrangement, also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table.
| Fund | Advisory Fee Rate | |||
| Total Dividend Fund |
0.28 | % | ||
| Equity Income Fund |
0.38 | % | ||
| LargeCap Dividend Fund |
0.28 | % | ||
| Dividend ex-Financials Fund |
0.38 | % | ||
| MidCap Dividend Fund |
0.38 | % | ||
| SmallCap Dividend Fund |
0.38 | % | ||
Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 31, 2013, WTAM waived its advisory fees for each of the Fund’s investments in affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated Funds. 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 |
$ | 345 | ||
| Equity Income Fund |
1,844 | |||
| LargeCap Dividend Fund |
3,262 | |||
| Dividend ex-Financials Fund |
1,588 | |||
| MidCap Dividend Fund |
1,080 | |||
| SmallCap Dividend Fund |
2,171 | |||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2013, 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.
| WisdomTree Domestic Dividend Funds | 59 |
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Notes to Financial Statements (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year ended March 31, 2013 were as follows:
| Fund | Purchases | Sales | ||||||
| Total Dividend Fund |
$ | 37,574,828 | $ | 37,284,976 | ||||
| Equity Income Fund |
146,469,713 | 147,198,407 | ||||||
| LargeCap Dividend Fund |
177,915,351 | 174,177,869 | ||||||
| Dividend ex-Financials Fund |
385,573,566 | 385,458,389 | ||||||
| MidCap Dividend Fund |
130,582,312 | 129,913,558 | ||||||
| SmallCap Dividend Fund |
190,457,897 | 188,004,170 | ||||||
For the fiscal year ended March 31, 2013, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:
| Fund | Purchases | Sales | ||||||
| Total Dividend Fund |
$ | 49,557,888 | $ | 29,571,268 | ||||
| Equity Income Fund |
270,014,142 | 129,575,493 | ||||||
| LargeCap Dividend Fund |
617,967,129 | 468,091,602 | ||||||
| Dividend ex-Financials Fund |
558,743,096 | 860,938,738 | ||||||
| MidCap Dividend Fund |
209,952,827 | 79,733,480 | ||||||
| SmallCap Dividend Fund |
269,619,795 | 97,281,605 | ||||||
Gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2013, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciaton |
Net Unrealized Appreciation |
||||||||||||
| Total Dividend Fund |
$ | 238,460,963 | $ | 65,819,179 | $ | (3,769,553 | ) | $ | 62,049,626 | |||||||
| Equity Income Fund |
570,910,707 | 89,791,666 | (5,683,639 | ) | 84,108,027 | |||||||||||
| LargeCap Dividend Fund |
1,342,379,322 | 180,850,624 | (20,012,584 | ) | 160,838,040 | |||||||||||
| Dividend ex-Financials Fund |
1,007,159,980 | 133,390,401 | (8,117,548 | ) | 125,272,853 | |||||||||||
| MidCap Dividend Fund |
524,378,515 | 88,671,180 | (10,054,243 | ) | 78,616,937 | |||||||||||
| SmallCap Dividend Fund |
550,674,345 | 77,253,292 | (8,365,196 | ) | 68,888,096 | |||||||||||
At March 31, 2013, the components of accumulated earning/loss on a tax-basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Appreciation |
Total Accumulated Earnings/(Losses) |
||||||||||||
| Total Dividend Fund |
$ | — | $ | (25,768,964 | ) | $ | 62,049,626 | $ | 36,280,662 | |||||||
| Equity Income Fund |
— | (67,424,054 | ) | 84,108,027 | 16,683,973 | |||||||||||
| LargeCap Dividend Fund |
— | (83,537,238 | ) | 160,838,040 | 77,300,802 | |||||||||||
| Dividend ex-Financials Fund |
— | (102,279,963 | ) | 125,272,853 | 22,992,890 | |||||||||||
| MidCap Dividend Fund |
291,198 | (34,765,476 | ) | 78,616,937 | 44,142,659 | |||||||||||
| SmallCap Dividend Fund |
— | (52,416,578 | ) | 68,888,096 | 16,471,518 | |||||||||||
| 60 | WisdomTree Domestic Dividend Funds |
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Notes to Financial Statements (continued)
The tax character of distributions paid during the fiscal years ended March 31, 2013 and March 31, 2012, was as follows:
| Year Ended March 31, 2013 |
Year Ended March 31, 2012 |
|||||||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Ordinary Income* |
||||||||
| Total Dividend Fund |
$ | 8,940,091 | $ | 5,704,497 | ||||||
| Equity Income Fund |
21,428,467 | 11,082,460 | ||||||||
| LargeCap Dividend Fund |
38,535,673 | 25,273,380 | ||||||||
| Dividend ex-Financials Fund |
48,511,932 | 27,628,769 | ||||||||
| MidCap Dividend Fund |
13,531,422 | 7,571,610 | ||||||||
| SmallCap Dividend Fund |
14,889,292 | 9,064,912 | ||||||||
| * | Includes short-term capital gains. |
At March 31, 2013, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains will not be distributed to shareholders.
| Fund | Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Through 2018 |
Capital Loss Available Through 2019 |
Short-Term Post-Effective No Expiration* |
Long-Term Post-Effective No Expiration* |
Capital
Loss Total |
|||||||||||||||||||||
| Total Dividend Fund |
$ | — | $ | 3,085,313 | $ | 11,073,078 | $ | 10,786,298 | $ | — | $ | — | $ | 24,944,689 | ||||||||||||||
| Equity Income Fund |
— | 7,778,925 | 36,880,803 | 21,181,473 | — | — | 65,841,201 | |||||||||||||||||||||
| LargeCap Dividend Fund |
1,089,361 | 12,904,697 | 32,859,591 | 32,903,699 | — | — | 79,757,348 | |||||||||||||||||||||
| Dividend ex-Financials Fund |
791,229 | 9,972,192 | 68,035,975 | 1,318,159 | 1,412,758 | 423,028 | 81,953,341 | |||||||||||||||||||||
| MidCap Dividend Fund |
— | 6,602,518 | 16,904,294 | 5,568,674 | 181,611 | 787,836 | 30,044,933 | |||||||||||||||||||||
| SmallCap Dividend Fund |
414,956 | 10,100,965 | 32,761,958 | 6,604,794 | 1,279,851 | — | 51,162,524 | |||||||||||||||||||||
| * | 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 Funds’s next taxable year.
During the fiscal year ended March 31, 2013, 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 |
$ | — | $ | 824,875 | ||||
| Equity Income Fund |
850,402 | 732,451 | ||||||
| LargeCap Dividend Fund |
— | 3,779,890 | ||||||
| Dividend ex-Financials Fund |
2,838,200 | 17,488,422 | ||||||
| MidCap Dividend Fund |
— | 4,720,543 | ||||||
| SmallCap Dividend Fund |
199,722 | 1,054,332 | ||||||
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Notes to Financial Statements (continued)
During the fiscal year ended March 31, 2013, the following Funds utilized capital loss carryforwards of the noted amounts to offset realized gains.
| Fund | Utilized Capital Loss Carryforwards |
|||
| Total Dividend Fund |
$ | 1,618,783 | ||
| Equity Income Fund |
316,543 | |||
| LargeCap Dividend Fund |
2,477,877 | |||
| Dividend ex-Financials Fund |
— | |||
| MidCap Dividend Fund |
— | |||
| SmallCap Dividend Fund |
— | |||
At March 31, 2013, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain (Loss) |
Paid -in Capital | |||||||||
| Total Dividend Fund |
$ | 63,816 | $ | (9,291,003 | ) | $ | 9,227,187 | |||||
| Equity Income Fund |
347,611 | (22,878,342 | ) | 22,530,731 | ||||||||
| LargeCap Dividend Fund |
56,196 | (96,133,167 | ) | 96,076,971 | ||||||||
| Dividend ex-Financials Fund |
938,361 | (129,411,586 | ) | 128,473,225 | ||||||||
| MidCap Dividend Fund |
2,091 | (18,876,872 | ) | 18,874,781 | ||||||||
| SmallCap Dividend Fund |
514,460 | (27,397,777 | ) | 26,883,317 | ||||||||
These differences are primarily due to redemptions-in-kind, taxable overdistributions 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, 2013, 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, 2013, 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 fiscal year ended March 31, 2013 are as follows:
| Fund Affiliates |
Value at 03/31/2012 |
Purchases/ Additions |
Sales/ Reductions |
Value at 03/31/2013 |
Dividend Income |
|||||||||||||||
| Total Dividend Fund |
||||||||||||||||||||
| WisdomTree Total Earnings Fund |
$ | 378,355 | $ | 4,460,239 | $ | 4,383,421 | $ | 555,273 | $ | 14,532 | ||||||||||
| Equity Income Fund |
||||||||||||||||||||
| WisdomTree Total Dividend Fund |
$ | 394,979 | $ | 14,253,662 | $ | 13,042,721 | $ | 1,724,461 | $ | 55,555 | ||||||||||
| LargeCap Dividend Fund |
||||||||||||||||||||
| WisdomTree Total Dividend Fund |
$ | 327,795 | $ | 23,942,921 | $ | 23,626,583 | $ | 1,000,359 | $ | 80,208 | ||||||||||
| Dividend ex-Financials Fund |
||||||||||||||||||||
| WisdomTree LargeCap Dividend Fund |
$ | 1,595,420 | $ | 13,347,338 | $ | 14,109,264 | $ | 949,055 | $ | 38,615 | ||||||||||
| WisdomTree MidCap Dividend Fund |
1,589,686 | 13,406,642 | 14,135,473 | 953,240 | 45,178 | |||||||||||||||
| Total |
$ | 3,185,106 | $ | 26,753,980 | $ | 28,244,737 | $ | 1,902,295 | $ | 83,793 | ||||||||||
| MidCap Dividend Fund |
||||||||||||||||||||
| WisdomTree LargeCap Dividend Fund |
$ | 1,852,064 | $ | 7,126,211 | $ | 7,865,356 | $ | 1,280,250 | $ | 33,572 | ||||||||||
| SmallCap Dividend Fund |
||||||||||||||||||||
| WisdomTree MidCap Dividend Fund |
$ | 2,349,094 | $ | 10,935,902 | $ | 10,780,152 | $ | 2,167,320 | $ | 55,375 | ||||||||||
8. NEW ACCOUNTING PRONOUNCEMENTS
In December 2011, FASB issued Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). These disclosures are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparisons between those entities that prepare their financial statements on the basis of US GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.
On January 31, 2013, FASB issued Accounting Standards Update No. 2013-01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”). ASU 2013-01 limits the scope of the new balance sheet offsetting disclosures to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions. The disclosures are required irrespective of whether the transactions are offset in the statement of assets and liabilities. The effective date and transition of the disclosure requirements in ASU 2011-11 remain unchanged.
At this time, management is evaluating the implications of ASU 2011-11 and ASU 2013-01 and their impact on the Trust’s financial statements.
9. LEGAL MATTER
On December 1, 2011, Research Affiliates, LLC (“Research Affiliates”) filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its parent company, WisdomTree Investments, along with other parties, as defendants. The complaint alleged that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint sought both unspecified monetary damages to be determined and an injunction to prevent further infringement.
| WisdomTree Domestic Dividend Funds | 63 |
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Notes to Financial Statements (concluded)
On November 7, 2012, Research Affiliates agreed to withdraw its suit and defendants agreed to withdraw their counterclaims and entered into a settlement agreement. Under the settlement, all parties exchanged releases for all existing claims. The other material terms of the settlement are as follows:
| • | Research Affiliates agreed not to sue the Trust, WTAM and WisdomTree Investments (the “WisdomTree Parties”) for any future claims arising under any current patents held by Research Affiliates, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by Research Affiliates within the next eight years, subject to reduction by up to three years if Research Affiliates is acquired. The covenant not to sue extends to service providers and customers of the WisdomTree Parties in connection with their products and services. |
| • | The WisdomTree Parties agreed not to sue Research Affiliates for any future claims arising under any current patents held by the WisdomTree Parties, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by the WisdomTree Parties within the next eight years, subject to reduction by up to three years if any of the WisdomTree Parties are acquired. The covenant not to sue extends to service providers and customers of Research Affiliates in connection with Research Affiliates’ products and services. |
| • | Research Affiliates and the WisdomTree Parties agreed that the covenants not to sue do not include a right under each party’s patents to copy the other party’s methodologies. They have further agreed that it is not copying if Research Affiliates introduces an index or strategy that uses at least three fundamental factors to weight its indexes and they are not predominantly dividend- or earnings-weighted, or any of the WisdomTree Parties introduces an index or strategy that is weighted by less than three fundamental factors. |
| • | The parties also agreed not to challenge the other party’s patents or patent applications. |
| • | Research Affiliates agreed to a one-time payment of $0.7 million to WisdomTree Investments. The WisdomTree Parties and the other defendants were not required to make any current or future payments to Research Affiliates. |
All other terms of the settlement are confidential and the settlement will not affect the current methodologies and fees for any of the Trust’s Funds.
WTAM and WisdomTree Investments had previously contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint so the Trust incurred no out-of-pocket expense in connection with this lawsuit.
| 64 | WisdomTree Domestic Dividend Funds |
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund and WisdomTree SmallCap Dividend Fund (six of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2013, 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, 2013, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree 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, 2013, 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.
New York, New York
May 28, 2013
| WisdomTree Domestic Dividend Funds | 65 |
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
Approval of the Investment Advisory Agreement between the Trust and WTAM. The Trust and WTAM have entered into an investment advisory agreement, dated November 20, 2012, covering each of the Funds (the “Investment Advisory Agreement”). At a meeting held on March 1, 2012, the Board of Trustees approved the Investment Advisory Agreement to go into effect in the event of a change in control of WTAM with respect to each of the Funds. Subsequently, the Investment Advisory Agreement was approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. A change in control of WTAM took place on November 20, 2012, and the Investment Advisory Agreement became effective on that same date. The Investment Advisory Agreement approved by the Board of Trustees has fees, services and terms that are identical to the fees, services and terms of the investment advisory agreement between the Trust and WTAM that was in effect immediately prior to the change in control.
In approving the Investment Advisory Agreement, the Board of Trustees reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality, and extent of the services to be provided by WTAM to the Funds; (ii) Fund expenses and the investment performance of the Funds and WTAM; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationships with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; and (v) whether the fee levels reflect these economies of scale for the benefit of investors.
The Board of Trustees also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board of Trustees also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Advisers, oversight of the Sub-Advisers’ compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board of Trustees gave substantial consideration to the fees payable to WTAM. The Board of Trustees examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board of Trustees concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board of Trustees evaluated WTAM’s costs and profitability in serving as investment adviser to the existing Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Advisers.
Approval of the Sub-Advisory Agreement between WTAM and MCM. At the March 1, 2012 Board Meeting, the Board of Trustees also approved a new sub-advisory agreement between WTAM and MCM to go into effect in the event of a change in control of WTAM, using many of the same considerations it used in connection with the approval of the Investment Advisory Agreement, as well as consideration of potential “fall-out” benefits to MCM and its affiliates (i.e., ancillary benefits that may be realized by MCM and its affiliates from MCM’s relations with the Funds, such as other service contracts). The sub-advisory agreement approved on March 1, 2012 had fees, services and terms that were identical to the fees, services and terms of the sub-advisory agreement between WTAM and MCM that was in effect on the date of the March 1, 2012 meeting, with the Board noting that WTAM, not the Funds, pays the fees to MCM under the sub-advisory agreement for each Fund. Subsequently, the new sub-advisory agreement was approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. At the same special meeting and adjournment, the shareholders approved manager of managers relief for each of the Funds, which permits WTAM and the Funds to retain sub-advisers and amend sub-advisory contracts without shareholder approval, subject to certain conditions. As noted above, a change in control of WTAM took place on November 20, 2012, and the new sub-advisory agreement approved by the Board of Trustees on March 1, 2012 became effective on November 20, 2012.
Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board of Trustees determined that the approval of the Investment Advisory Agreement and the sub-advisory agreements, as applicable, was in the best interests of each Fund. After full consideration of these and other factors, the Board of Trustees, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Investment Advisory Agreement and sub-advisory agreements, as applicable, for each Fund.
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Trustees and Officers Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 380 Madison Avenue, 21st Floor, New York, NY 10017.
Interested Trustee and Officers
| Name |
Position |
Term of
Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ |
Other | |||||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 |
President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. | 47 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | |||||||
| David Castano*** |
Treasurer* | Officer since 2013 |
Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc. since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006. | 47 | None | |||||||
| Sarah English** (1977) |
Secretary* | Officer since 2012 | Counsel, WisdomTree Asset Management, Inc. since 2010; Attorney, NYFIX, Inc. 2006 to 2009. | 47 | None | |||||||
| Terry Jane Feld** (1960) |
Chief Compliance Officer* | Officer since 2012 | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management, Inc. since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007. | 47 | None | |||||||
| + | As of March 31, 2013. |
| * | Elected by and serves at the pleasure of the Board of Trustees. |
| ** | Sarah English and Terry Jane Feld were elected as officers to the Trust by the Board of Trustees on October 5, 2012. |
| *** | Elected as an officer to the Trust by the Board of Trustees effective January 1, 2013. |
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Trustees and Officers Information (unaudited) (concluded)
Independent Trustees
| Name |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee+ |
Other | |||||||
| Joel Goldberg* (1945) |
Trustee | Trustee since 2012 | Attorney, Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010. | 47 | None | |||||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 |
Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 47 | None | |||||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee and Chairman since 2006 |
Private Investor, 2005 to Present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds 1991 to 2004. | 47 | Member of the Board of Directors of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame | |||||||
| + | As of March 31, 2013. |
| * | Chair of the Governance and Nominating Committee. Joel Goldberg was appointed to the Board on October 5, 2012. |
| ** | Chair of the Audit Committee. |
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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, 2013, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2014.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2013, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income |
|||
| Total Dividend Fund |
$ | 8,917,272 | ||
| Equity Income Fund |
20,933,688 | |||
| LargeCap Dividend Fund |
38,481,834 | |||
| Dividend ex-Financials Fund |
48,212,156 | |||
| MidCap Dividend Fund |
10,518,156 | |||
| SmallCap Dividend Fund |
12,248,803 | |||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2013, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction |
|||
| Total Dividend Fund |
100 | % | ||
| Equity Income Fund |
98 | % | ||
| LargeCap Dividend Fund |
100 | % | ||
| Dividend ex-Financials Fund |
100 | % | ||
| MidCap Dividend Fund |
78 | % | ||
| SmallCap Dividend Fund |
82 | % | ||
| 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.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.
| 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, 2013:
| WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Global ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree China Dividend ex-Financials Fund (CHXF)
WisdomTree International Dividend
WisdomTree Commodity Country Equity Fund (CCXE)
WisdomTree Global Natural Resources Fund (GNAT)
WisdomTree Global ex-U.S. Utilities Fund (DBU)
WisdomTree Global ex-U.S. Real Estate Fund (DRW) |
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Funds
WisdomTree Brazilian Real Fund (BZF)
WisdomTree Chinese Yuan Fund (CYB)
WisdomTree Commodity Currency Fund (CCX)
WisdomTree Emerging Currency Fund (CEW)
WisdomTree Indian Rupee Fund (ICN)
WisdomTree Fixed Income Funds
WisdomTree Asia Local Debt Fund (ALD)
WisdomTree Australia & New Zealand Debt Fund (AUNZ)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
WisdomTree Emerging Markets Local Debt Fund (ELD)
WisdomTree Euro Debt Fund (EU)
WisdomTree Global Corporate Bond Fund (GLCB)
WisdomTree Alternative Funds
WisdomTree Global Real Return Fund (RRF)
WisdomTree Managed Futures Strategy Fund (WDTI) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing, including possible loss of principal. 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
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.
WIS005271 5/2014
Table of Contents
WisdomTree Trust
Domestic and International Earnings Funds
Annual Report
March 31, 2013
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree India Earnings Fund (EPI)
Table of Contents
| 1 | ||||
| 3 | ||||
| 9 | ||||
| 11 | ||||
| Schedules of Investments | ||||
| 13 | ||||
| 28 | ||||
| 35 | ||||
| 43 | ||||
| 54 | ||||
| 58 | ||||
| 61 | ||||
| 62 | ||||
| 63 | ||||
| 65 | ||||
| 69 | ||||
| 80 | ||||
| Approval of Investment Advisory and Sub-Advisory Agreement (unaudited) |
81 | |||
| 82 | ||||
| 84 | ||||
| 85 |
“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 Fund’s Performance
(unaudited)
Market Environment Overview
The U.S. equity market, as measured by the S&P 500 Index, returned 13.96% for the 12-month period ended March 31, 2013 (the “period”). After bottoming in March of 2009, the S&P 500 recorded its fourth straight year of gains. Measured from March 31, 2009 through March 31, 2013, the four year cumulative total return on the S&P 500 Index was 114.24%. This represents a substantial recovery in the equity markets as earnings and dividend levels reached and surpassed previous levels. In fact, this was also enough for the S&P 500 Index to surpass its prior October 2007 peak value.
While the overall return for the period was positive, it was marked by several bouts of volatility. One of the major events during the period that created an uncertainty overhang was the U.S. presidential election. Following the re-election of President Barack Obama, there was concern the U.S. government would not be able to solve a series of tax hikes and spending decreases often referred to as the “Fiscal Cliff.” Many feared that the 2003 Bush tax cuts for dividend taxes and capital gains taxes were expiring on January 1st. However, in the final hours of 2012, a deal came together that excited the market: the 2003 Bush tax cuts with respect to dividends were made permanent for the majority of tax payers. As a result, the first quarter of 2013 had a good tailwind supporting the markets.
WisdomTree Funds’ Performance Overview
With the resolution of the dividend-tax issue, as well as continued monthly asset purchases from the U.S. Federal Reserve Bank, the path was cleared for the S&P 500 Index to reach its highest levels in history during the first quarter of 2013.
The following table reflects the WisdomTree Funds’ performance versus their performance benchmark indexes:
| Ticker | WisdomTree Fund | 1-Year NAV Return |
Performance Benchmark | 1-Year Return |
Difference | |||||||
| EXT |
WisdomTree Total Earnings Fund | 13.23% | Russell 3000® Index | 14.56% | -1.33% | |||||||
| EPS |
WisdomTree Earnings 500 Fund | 12.66% | S&P 500® Index | 13.96% | -1.30% | |||||||
| EZM |
WisdomTree MidCap Earnings Fund | 17.75% | S&P MidCap 400® Index | 17.83% | -0.08% | |||||||
| EES |
WisdomTree SmallCap Earnings Fund | 14.20% | Russell 2000® Index | 16.30% | -2.10% | |||||||
| EZY |
WisdomTree LargeCap Value Fund | 12.81% | Russell 1000® Value Index | 18.77% | -5.96% | |||||||
| EPI |
WisdomTree India Earnings Fund | -5.80% | MSCI India Index | 2.25% | -8.05% | |||||||
Interestingly, the top-performing performance benchmark within the aforementioned chart was the Russell 1000 Value Index, indicating that value stocks — specifically large cap value stocks — delivered strong performance. All of the U.S. performance benchmarks delivered double-digit returns; the S&P 500 Index was actually the lowest with a return of 13.96%. The MSCI India Index is notable for its lackluster 2.25% return over the period, trailing the U.S. equity performance benchmarks by a significant margin.
WisdomTree’s earnings-weighted funds are designed to track indexes based on the earnings stream generated by companies included in the underlying WisdomTree Index. The earnings stream is defined as the total dollar level of earnings for all companies within each Index. There are two primary factors that drove performance differentials of the WisdomTree Funds and Indexes versus their performance benchmarks. The first is aggregate exposure to one or more sectors. The second is stock selection within each sector. Both of these are determined as part of WisdomTree’s rules-based index methodology. These exposures are not subjectively determined. Rather, they are objectively determined at the Index rebalancing dates based on the earnings stream.
Nine of ten sectors represented within the S&P 500 Index experienced positive performance over the period. The best-performing sector over the period was the Telecommunication Services sector, with Health Care and Consumer Staples close behind. Each of these sectors delivered a return greater than 20% over the period. The single negatively performing sector over the period was Information Technology. Similar
| WisdomTree Domestic and International Earnings Funds | 1 |
Table of Contents
Management’s Discussion of Fund’s Performance
(unaudited) (concluded)
to how Apple drove strong performance for this sector from March 31, 2011 to March 31, 2012, the significant weight to this company, combined with negative performance from March 31, 2012 to March 31, 2013, drove this ultimate result. Materials was also a relative laggard, the only positively performing sector to deliver a single-digit return over the period. With little question, the strongest performance came from the more defensively oriented sectors.
The performance of each WisdomTree Fund compared to its performance benchmark was unfavorable over the period. The worst performing Fund of those shown relative to its performance benchmark was the WisdomTree India Earnings Fund, lagging the MSCI India Index by more than 8% over the period. The closest margin over the period was seen with the WisdomTree MidCap Earnings Fund, which lagged the S&P MidCap 400 Index by less than 0.10%.
Each of the WisdomTree Funds shown here tracks an underlying WisdomTree Index that focuses solely on generating exposure to the performance of companies that have generated positive profits on a cumulative basis leading up to the Index screening date. As such, during certain years, like the period shown here, companies that may not have generated such positive earnings leading up to the Index screening date can certainly provide strong performance. Of the domestic Funds shown, relative performance was hurt by not necessarily tilting more weight to defensively oriented sectors relative to the performance benchmarks, as well as missing exposure to deeper value firms that may not have generated positive profits prior to the Index screening date but which demonstrated an ability to rally. With respect to India, overall volatility saw small cap Indian firms underperforming large cap Indian firms. The WisdomTree India Earnings Fund tracks an Index that generates exposure to the performance of India’s equities across all capitalization sizes, whereas the MSCI India Index is predominantly exposed to large caps.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent pages for more complete performance information. Please see page 9 for the list of index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and are not available for direct investment. In comparison, the Funds’ performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. Past performance is no guarantee of future results. For the most recent month-end performance information visit www.wisdomtree.com.
| 2 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree Total Earnings Fund (EXT)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Information Technology |
18.5% | |||
| Financials |
17.3% | |||
| Consumer Discretionary |
12.2% | |||
| Energy |
12.0% | |||
| Industrials |
11.5% | |||
| Health Care |
10.7% | |||
| Consumer Staples |
9.7% | |||
| Materials |
3.4% | |||
| Utilities |
2.9% | |||
| Telecommunication Services |
1.7% | |||
| Other Assets less Liabilities‡ |
0.1% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
3.8% | |||
| Apple, Inc. |
3.3% | |||
| Chevron Corp. |
2.3% | |||
| Microsoft Corp. |
2.1% | |||
| JPMorgan Chase & Co. |
1.8% | |||
| Wells Fargo & Co. |
1.6% | |||
| Wal-Mart Stores, Inc. |
1.6% | |||
| International Business Machines Corp. |
1.6% | |||
| General Electric Co. |
1.4% | |||
| Berkshire Hathaway, Inc. Class B |
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 13.23% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Earnings Index |
Russell 3000® Index | |||||||||||||
| One Year |
13.23 | % | 13.16 | % | 13.48 | % | 14.56 | % | ||||||||
| Three Year |
12.78 | % | 12.95 | % | 13.08 | % | 12.97 | % | ||||||||
| Five Year |
6.51 | % | 6.53 | % | 6.80 | % | 6.32 | % | ||||||||
| Since Inception1 |
4.00 | % | 4.00 | % | 4.23 | % | 3.72 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic and International Earnings Funds | 3 |
Table of Contents
Performance Summary (unaudited)
WisdomTree Earnings 500 Fund (EPS)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Information Technology |
19.1% | |||
| Financials |
16.7% | |||
| Energy |
12.9% | |||
| Consumer Discretionary |
11.6% | |||
| Health Care |
11.1% | |||
| Consumer Staples |
10.6% | |||
| Industrials |
10.5% | |||
| Materials |
2.7% | |||
| Utilities |
2.6% | |||
| Telecommunication Services |
1.8% | |||
| Investment Companies |
0.3% | |||
| Other Assets less Liabilities‡ |
0.1% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
4.3% | |||
| Apple, Inc. |
3.7% | |||
| Chevron Corp. |
2.7% | |||
| Microsoft Corp. |
2.4% | |||
| JPMorgan Chase & Co. |
2.0% | |||
| Wal-Mart Stores, Inc. |
1.9% | |||
| Wells Fargo & Co. |
1.9% | |||
| International Business Machines Corp. |
1.8% | |||
| General Electric Co. |
1.6% | |||
| Berkshire Hathaway, Inc. Class B |
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 12.66% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Health Care sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree Earnings 500 Index |
S&P 500® Index | |||||||||||||
| One Year |
12.66 | % | 12.66 | % | 12.97 | % | 13.96 | % | ||||||||
| Three Year |
12.41 | % | 12.56 | % | 12.71 | % | 12.67 | % | ||||||||
| Five Year |
5.71 | % | 5.74 | % | 6.00 | % | 5.81 | % | ||||||||
| Since Inception1 |
3.55 | % | 3.55 | % | 3.85 | % | 3.52 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 4 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree MidCap Earnings Fund (EZM)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Financials |
21.3% | |||
| Industrials |
20.3% | |||
| Consumer Discretionary |
15.5% | |||
| Information Technology |
13.4% | |||
| Materials |
7.3% | |||
| Health Care |
6.9% | |||
| Energy |
5.9% | |||
| Utilities |
5.2% | |||
| Consumer Staples |
2.9% | |||
| Telecommunication Services |
0.8% | |||
| Investment Companies |
0.4% | |||
| Other Assets less Liabilities‡ |
0.1% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| American Capital Ltd. |
1.9% | |||
| AOL, Inc. |
1.2% | |||
| US Airways Group, Inc. |
0.7% | |||
| AGCO Corp. |
0.7% | |||
| Assurant, Inc. |
0.7% | |||
| Safeway, Inc. |
0.7% | |||
| Allison Transmission Holdings, Inc. |
0.6% | |||
| Timken Co. (The) |
0.6% | |||
| SandRidge Energy, Inc. |
0.6% | |||
| CapitalSource, Inc. |
0.6% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree 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 17.75% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the 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 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree MidCap Earnings Index |
S&P MidCap 400® Index | |||||||||||||
| One Year |
17.75 | % | 17.62 | % | 18.02 | % | 17.83 | % | ||||||||
| Three Year |
15.94 | % | 16.04 | % | 16.32 | % | 15.12 | % | ||||||||
| Five Year |
12.47 | % | 12.46 | % | 12.80 | % | 9.85 | % | ||||||||
| Since Inception1 |
7.29 | % | 7.31 | % | 7.50 | % | 6.37 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic and International Earnings Funds | 5 |
Table of Contents
Performance Summary (unaudited)
WisdomTree SmallCap Earnings Fund (EES)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Financials |
24.8% | |||
| Consumer Discretionary |
18.1% | |||
| Industrials |
17.3% | |||
| Information Technology |
14.3% | |||
| Materials |
6.5% | |||
| Health Care |
6.2% | |||
| Energy |
5.2% | |||
| Consumer Staples |
4.0% | |||
| Utilities |
1.5% | |||
| Telecommunication Services |
1.2% | |||
| Investment Companies |
0.7% | |||
| Other Assets less Liabilities‡ |
0.2% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| First BanCorp. |
1.1% | |||
| Citizens Republic Bancorp, Inc. |
1.1% | |||
| Krispy Kreme Doughnuts, Inc. |
0.7% | |||
| WisdomTree MidCap Earnings Fund |
0.7% | |||
| Virtus Investment Partners, Inc. |
0.6% | |||
| C&J Energy Services, Inc. |
0.6% | |||
| PDL BioPharma, Inc. |
0.6% | |||
| Sanmina Corp. |
0.5% | |||
| Cloud Peak Energy, Inc. |
0.5% | |||
| Cash America International, Inc. |
0.5% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree SmallCap Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree SmallCap Earnings Index.
The Fund returned 14.20% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Financials sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree SmallCap Earnings Index |
Russell 2000® Index | |||||||||||||
| One Year |
14.20 | % | 13.89 | % | 14.51 | % | 16.30 | % | ||||||||
| Three Year |
14.39 | % | 14.40 | % | 14.71 | % | 13.45 | % | ||||||||
| Five Year |
11.76 | % | 11.75 | % | 11.81 | % | 8.24 | % | ||||||||
| Since Inception1 |
5.35 | % | 5.31 | % | 5.43 | % | 3.78 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 23, 2007. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 6 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Performance Summary (unaudited)
WisdomTree LargeCap Value Fund (EZY)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Energy |
23.3% | |||
| Information Technology |
17.4% | |||
| Consumer Discretionary |
15.6% | |||
| Consumer Staples |
11.2% | |||
| Health Care |
11.0% | |||
| Utilities |
7.5% | |||
| Financials |
6.7% | |||
| Industrials |
4.1% | |||
| Materials |
2.9% | |||
| Investment Companies |
0.2% | |||
| Other Assets less Liabilities‡ |
0.1% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Exxon Mobil Corp. |
10.6% | |||
| Chevron Corp. |
7.6% | |||
| Apple, Inc. |
5.9% | |||
| Wal-Mart Stores, Inc. |
4.7% | |||
| International Business Machines Corp. |
4.3% | |||
| ConocoPhillips |
2.8% | |||
| Intel Corp. |
2.5% | |||
| Cisco Systems, Inc. |
2.1% | |||
| Eli Lilly & Co. |
1.8% | |||
| Phillips 66 |
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 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 12.81% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Discretionary sector. The Fund’s position in the Information Technology sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/13
| 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 |
12.81 | % | 12.79 | % | 13.10 | % | 18.77 | % | ||||||||
| Three Year |
11.70 | % | 11.82 | % | 12.16 | % | 12.74 | % | ||||||||
| Five Year |
4.37 | % | 4.38 | % | 4.80 | % | 4.85 | % | ||||||||
| Since Inception2 |
1.64 | % | 1.66 | % | 1.98 | % | 1.96 | % | ||||||||
| 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. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| WisdomTree Domestic and International Earnings Funds | 7 |
Table of Contents
Performance Summary (unaudited)
WisdomTree India Earnings Fund (EPI)
Sector Breakdown† as of 3/31/13
| Sector | % of Net Assets | |||
| Financials |
25.8% | |||
| Energy |
19.9% | |||
| Information Technology |
14.6% | |||
| Materials |
10.1% | |||
| Consumer Discretionary |
9.8% | |||
| Industrials |
5.3% | |||
| Consumer Staples |
4.3% | |||
| Utilities |
4.1% | |||
| Health Care |
3.9% | |||
| Telecommunication Services |
1.9% | |||
| Other Assets less Liabilities‡ |
0.3% | |||
| TOTAL |
100.0% | |||
| † | The Fund’s sector breakdown is expressed as a percentage of net assets and may change over time. In addition, a sector may be comprised of several industries. |
| ‡ | Other assets includes investment of cash collateral for securities on loan (if any). |
Top Ten Holdings* as of 3/31/13
| Description | % of Net Assets | |||
| Reliance Industries Ltd. |
8.2% | |||
| Infosys Ltd. |
7.3% | |||
| Oil & Natural Gas Corp. Ltd. |
7.0% | |||
| Housing Development Finance Corp. |
4.6% | |||
| Tata Motors Ltd. |
4.5% | |||
| ICICI Bank Ltd. |
3.1% | |||
| Tata Consultancy Services Ltd. |
3.0% | |||
| State Bank of India |
2.2% | |||
| HDFC Bank Ltd. |
2.1% | |||
| Axis Bank Ltd. |
1.8% | |||
| * | The ten largest holdings are subject to change, and there are no guarantees the Fund will remain invested in any particular company. |
The WisdomTree India Earnings Fund (the “Fund”) seeks to track the price and yield performance, before fees and expenses, of the WisdomTree India Earnings Index.
The Fund returned -5.80% at net asset value (“NAV”) for the fiscal year ending March 31, 2013 (for more complete performance information please see the chart below). The Fund’s performance benefited most from its position in the Consumer Staples sector. The Fund’s position in the Materials sector created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents the period noted. The Fund’s per share NAV is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market price return is based on the market price per share of the Fund. The price used to calculate market price returns is the mid-point of the highest bid and lowest offer for Fund shares as of the close of trading on the exchange where Fund shares are listed. NAV and market price returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and market price returns may differ because of factors such as the supply and demand for Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio securities.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities, incur expenses or pay any transaction costs. Therefore, index returns do not reflect deductions for fees or expenses and the index is not available for direct investment. In comparison, the Fund’s performance is negatively impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of the Fund’s current prospectus dated July 30, 2012, as last revised March 25, 2013, the Fund’s annual expense ratio was 0.83%.
Performance as of 3/31/13
| Average Annual Total Return | ||||||||||||||||
| Fund Net Asset Value |
Fund Market Price |
WisdomTree India Earnings Index |
MSCI India Index | |||||||||||||
| One Year |
-5.80 | % | -5.93 | % | -4.57 | % | 2.25 | % | ||||||||
| Three Year |
-7.52 | % | -7.65 | % | -6.31 | % | -3.82 | % | ||||||||
| Five Year |
-3.80 | % | -4.05 | % | -2.37 | % | -1.73 | % | ||||||||
| Since Inception1 |
-5.59 | % | -5.74 | % | -4.17 | % | -3.94 | % | ||||||||
| 1 | Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on February 22, 2008. |
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent month-end is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
| 8 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this Report:
The WisdomTree Earnings Index is comprised of earnings-generating companies within the broad U.S. stock market.
The WisdomTree Earnings 500 Index is comprised of earnings-generating companies within the large-capitalization segment of the U.S. stock market.
The WisdomTree MidCap Earnings Index is comprised of earnings-generating companies within the mid-capitalization segment of the U.S. stock market.
The WisdomTree SmallCap Earnings Index is comprised of earnings-generating companies within the small-capitalization segment of the U.S. stock market.
The WisdomTree LargeCap Value Index is comprised of the large-capitalization value segment within the earnings-generating companies of the U.S. stock market.
The WisdomTree Low P/E Index is comprised of companies with the lowest price-to-earnings ratios (P/E ratios) in the WisdomTree Earnings Index.
The WisdomTree India Earnings Index is a fundamentally weighted index that is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors as of the index measurement date.
The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000 largest U.S. companies, based on total market capitalization.
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by Standard & Poor’s Index Committee, designed to represent the performance of the leading industries in the United States economy.
The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the large-capitalization value segment of the U.S. equity universe, selecting from the Russell 1000 Index.
The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the mid-capitalization range of the U.S. stock market, with stocks selected by the Standard & Poor’s Index Committee.
The Russell 2000® Index is a capitalization-weighted index that is comprised of the smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.
The MSCI India Index is a free float-adjusted market capitalization index that is comprised 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 such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
| WisdomTree Domestic and International Earnings Funds | 9 |
Table of Contents
Description of Indexes (unaudited) (concluded)
Neither MSCI nor any other party involved in or related to compiling, computing or creating the MSCI data makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in or related to compiling, computing or creating the data have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages. No further distribution or dissemination of the MSCI data is permitted without MSCI’s express written consent.
| 10 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of your Fund shares and (2) ongoing costs, including management fees and other Fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.
The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2012 to March 31, 2013.
Actual expenses
The first line under each Fund in the table on the next page provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled “Expenses Paid During the Period 10/01/12 to 3/31/13” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under each Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| WisdomTree Domestic and International Earnings Funds | 11 |
Table of Contents
Shareholder Expense Examples (unaudited) (concluded)
| Beginning Account Value 10/01/12 |
Ending Account Value 3/31/2013 |
Annualized Expense Ratio Based on the Period 10/01/12 to 3/31/13 |
Expenses Paid During the Period† 10/01/12 to 3/31/13 |
|||||||||||||
| WisdomTree Total Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,112.00 | 0.28 | % | $ | 1.47 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree Earnings 500 Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,102.50 | 0.28 | % | $ | 1.47 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.54 | 0.28 | % | $ | 1.41 | ||||||||
| WisdomTree MidCap Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,196.30 | 0.38 | % | $ | 2.08 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree SmallCap Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,145.10 | 0.38 | % | $ | 2.03 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree LargeCap Value Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 1,072.40 | 0.38 | % | $ | 1.96 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,023.04 | 0.38 | % | $ | 1.92 | ||||||||
| WisdomTree India Earnings Fund |
||||||||||||||||
| Actual |
$ | 1,000.00 | $ | 947.00 | 0.83 | % | $ | 4.03 | ||||||||
| Hypothetical (5% return before expenses) |
$ | 1,000.00 | $ | 1,020.79 | 0.83 | % | $ | 4.18 | ||||||||
| † | Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the period, multiplied by 182/365 (to reflect one-half year period). |
| 12 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Total Earnings Fund (EXT)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 101.2% | ||||||||
| COMMON STOCKS – 99.9% | ||||||||
| Aerospace & Defense – 2.7% | ||||||||
| AAR Corp. |
222 | $ | 4,083 | |||||
| Alliant Techsystems, Inc. |
221 | 16,007 | ||||||
| B/E Aerospace, Inc.* |
216 | 13,023 | ||||||
| Boeing Co. (The) |
3,154 | 270,771 | ||||||
| Cubic Corp. |
116 | 4,956 | ||||||
| Curtiss-Wright Corp. |
145 | 5,032 | ||||||
| Esterline Technologies Corp.* |
112 | 8,478 | ||||||
| Exelis, Inc. |
1,128 | 12,284 | ||||||
| General Dynamics Corp. |
1,601 | 112,887 | ||||||
| HEICO Corp. |
62 | 2,691 | ||||||
| Hexcel Corp.* |
279 | 8,094 | ||||||
| Honeywell International, Inc. |
2,064 | 155,522 | ||||||
| Huntington Ingalls Industries, Inc. |
249 | 13,279 | ||||||
| L-3 Communications Holdings, Inc. |
582 | 47,095 | ||||||
| Lockheed Martin Corp. |
1,640 | 158,293 | ||||||
| Moog, Inc. Class A* |
151 | 6,920 | ||||||
| National Presto Industries, Inc. |
39 | 3,140 | ||||||
| Northrop Grumman Corp. |
1,338 | 93,861 | ||||||
| Orbital Sciences Corp.* |
187 | 3,121 | ||||||
| Precision Castparts Corp. |
341 | 64,660 | ||||||
| Raytheon Co. |
1,593 | 93,652 | ||||||
| Rockwell Collins, Inc. |
478 | 30,171 | ||||||
| Teledyne Technologies, Inc.* |
112 | 8,785 | ||||||
| Textron, Inc. |
675 | 20,122 | ||||||
| TransDigm Group, Inc. |
90 | 13,763 | ||||||
| Triumph Group, Inc. |
192 | 15,072 | ||||||
| United Technologies Corp. |
2,891 | 270,106 | ||||||
|
|
|
|||||||
| Total Aerospace & Defense | 1,455,868 | |||||||
| Air Freight & Logistics – 0.7% | ||||||||
| Atlas Air Worldwide Holdings, Inc.* |
138 | 5,625 | ||||||
| C.H. Robinson Worldwide, Inc. |
332 | 19,741 | ||||||
| Expeditors International of Washington, Inc. |
386 | 13,784 | ||||||
| FedEx Corp. |
1,023 | 100,459 | ||||||
| Forward Air Corp. |
91 | 3,393 | ||||||
| HUB Group, Inc. Class A* |
115 | 4,423 | ||||||
| Park-Ohio Holdings Corp.* |
135 | 4,472 | ||||||
| United Parcel Service, Inc. Class B |
2,298 | 197,398 | ||||||
|
|
|
|||||||
| Total Air Freight & Logistics | 349,295 | |||||||
| Airlines – 0.3% | ||||||||
| Alaska Air Group, Inc.* |
334 | 21,363 | ||||||
| Allegiant Travel Co. |
72 | 6,392 | ||||||
| Delta Air Lines, Inc.* |
4,311 | 71,174 | ||||||
| Hawaiian Holdings, Inc.*(a) |
538 | 3,099 | ||||||
| JetBlue Airways Corp.*(a) |
883 | 6,093 | ||||||
| SkyWest, Inc. |
282 | 4,526 | ||||||
| Southwest Airlines Co. |
2,113 | 28,483 | ||||||
| Spirit Airlines, Inc.* |
341 | 8,648 | ||||||
| US Airways Group, Inc.*(a) |
2,046 | 34,721 | ||||||
|
|
|
|||||||
| Total Airlines | 184,499 | |||||||
| Auto Components – 0.6% | ||||||||
| Allison Transmission Holdings, Inc.(a) |
1,163 | $ | 27,924 | |||||
| American Axle & Manufacturing Holdings, Inc.* |
596 | 8,135 | ||||||
| BorgWarner, Inc.* |
403 | 31,168 | ||||||
| Cooper Tire & Rubber Co. |
656 | 16,833 | ||||||
| Dana Holding Corp. |
789 | 14,068 | ||||||
| Dorman Products, Inc. |
116 | 4,316 | ||||||
| Gentex Corp. |
410 | 8,204 | ||||||
| Goodyear Tire & Rubber Co. (The)* |
814 | 10,265 | ||||||
| Johnson Controls, Inc. |
1,948 | 68,316 | ||||||
| Lear Corp. |
545 | 29,904 | ||||||
| Standard Motor Products, Inc. |
152 | 4,213 | ||||||
| Superior Industries International, Inc. |
139 | 2,597 | ||||||
| Tenneco, Inc.* |
351 | 13,798 | ||||||
| TRW Automotive Holdings Corp.* |
990 | 54,450 | ||||||
|
|
|
|||||||
| Total Auto Components | 294,191 | |||||||
| Automobiles – 1.0% | ||||||||
| Ford Motor Co. |
22,472 | 295,507 | ||||||
| General Motors Co.* |
7,800 | 216,996 | ||||||
| Harley-Davidson, Inc. |
583 | 31,074 | ||||||
| Thor Industries, Inc. |
174 | 6,401 | ||||||
|
|
|
|||||||
| Total Automobiles | 549,978 | |||||||
| Beverages – 1.9% | ||||||||
| Beam, Inc. |
287 | 18,236 | ||||||
| Boston Beer Co., Inc. (The) Class A*(a) |
20 | 3,193 | ||||||
| Brown-Forman Corp. Class B |
465 | 33,201 | ||||||
| Coca-Cola Bottling Co. Consolidated |
55 | 3,317 | ||||||
| Coca-Cola Co. (The) |
11,497 | 464,938 | ||||||
| Coca-Cola Enterprises, Inc. |
1,126 | 41,572 | ||||||
| Constellation Brands, Inc. Class A* |
778 | 37,064 | ||||||
| Dr. Pepper Snapple Group, Inc. |
626 | 29,391 | ||||||
| Molson Coors Brewing Co. Class B |
690 | 33,762 | ||||||
| Monster Beverage Corp.* |
282 | 13,463 | ||||||
| National Beverage Corp. |
178 | 2,501 | ||||||
| PepsiCo, Inc. |
4,202 | 332,420 | ||||||
|
|
|
|||||||
| Total Beverages | 1,013,058 | |||||||
| Biotechnology – 1.3% | ||||||||
| Alexion Pharmaceuticals, Inc.* |
125 | 11,517 | ||||||
| Amgen, Inc. |
2,625 | 269,089 | ||||||
| Biogen Idec, Inc.* |
474 | 91,439 | ||||||
| Celgene Corp.* |
976 | 113,128 | ||||||
| Cubist Pharmaceuticals, Inc.* |
150 | 7,023 | ||||||
| Emergent Biosolutions, Inc.* |
119 | 1,664 | ||||||
| Exelixis, Inc.*(a) |
674 | 3,114 | ||||||
| Gilead Sciences, Inc.* |
3,356 | 164,209 | ||||||
| Myriad Genetics, Inc.* |
262 | 6,655 | ||||||
| PDL BioPharma, Inc.(a) |
1,580 | 11,550 | ||||||
| Pharmacyclics, Inc.* |
70 | 5,629 | ||||||
| Regeneron Pharmaceuticals, Inc.* |
55 | 9,702 | ||||||
| Spectrum Pharmaceuticals, Inc.(a) |
409 | 3,051 | ||||||
| United Therapeutics Corp.* |
217 | 13,209 | ||||||
| Vertex Pharmaceuticals, Inc.* |
125 | 6,872 | ||||||
|
|
|
|||||||
| Total Biotechnology | 717,851 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 13 |
Table of Contents
Schedule of Investments (continued)
WisdomTree Total Earnings Fund (EXT)
March 31, 2013
| Investments | Shares | Value | ||||||
| Building Products – 0.1% | ||||||||
| A.O. Smith Corp. |
131 | $ | 9,638 | |||||
| Armstrong World Industries, Inc.* |
129 | 7,210 | ||||||
| Lennox International, Inc. |
115 | 7,301 | ||||||
| Owens Corning* |
165 | 6,506 | ||||||
| Simpson Manufacturing Co., Inc. |
114 | 3,489 | ||||||
|
|
|
|||||||
| Total Building Products | 34,144 | |||||||
| Capital Markets – 2.4% | ||||||||
| Affiliated Managers Group, Inc.* |
74 | 11,364 | ||||||
| American Capital Ltd.* |
6,236 | 91,014 | ||||||
| Ameriprise Financial, Inc. |
741 | 54,575 | ||||||
| Artio Global Investors, Inc. |
577 | 1,569 | ||||||
| Bank of New York Mellon Corp. (The) |
4,816 | 134,800 | ||||||
| BlackRock, Inc. |
568 | 145,908 | ||||||
| Charles Schwab Corp. (The) |
3,006 | 53,176 | ||||||
| Cohen & Steers, Inc.(a) |
82 | 2,958 | ||||||
| E*TRADE Financial Corp.* |
603 | 6,458 | ||||||
| Eaton Vance Corp. |
359 | 15,017 | ||||||
| Federated Investors, Inc. Class B(a) |
397 | 9,397 | ||||||
| Financial Engines, Inc. |
98 | 3,550 | ||||||
| Franklin Resources, Inc. |
755 | 113,861 | ||||||
| GAMCO Investors, Inc. Class A |
109 | 5,789 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,057 | 302,688 | ||||||
| Greenhill & Co., Inc. |
60 | 3,203 | ||||||
| Janus Capital Group, Inc. |
784 | 7,370 | ||||||
| Legg Mason, Inc. |
336 | 10,802 | ||||||
| LPL Financial Holdings, Inc. |
233 | 7,512 | ||||||
| Morgan Stanley |
710 | 15,606 | ||||||
| Northern Trust Corp. |
653 | 35,628 | ||||||
| Raymond James Financial, Inc. |
383 | 17,656 | ||||||
| SEI Investments Co. |
443 | 12,781 | ||||||
| State Street Corp. |
2,066 | 122,080 | ||||||
| Stifel Financial Corp.* |
153 | 5,304 | ||||||
| T. Rowe Price Group, Inc. |
584 | 43,724 | ||||||
| TD Ameritrade Holding Corp. |
1,612 | 33,239 | ||||||
| Virtus Investment Partners, Inc.* |
54 | 10,059 | ||||||
| Waddell & Reed Financial, Inc. Class A |
288 | 12,609 | ||||||
|
|
|
|||||||
| Total Capital Markets | 1,289,697 | |||||||
| Chemicals – 2.3% | ||||||||
| A. Schulman, Inc. |
98 | 3,093 | ||||||
| Air Products & Chemicals, Inc. |
544 | 47,393 | ||||||
| Airgas, Inc. |
175 | 17,353 | ||||||
| Albemarle Corp. |
281 | 17,568 | ||||||
| Ashland, Inc. |
59 | 4,384 | ||||||
| Axiall Corp. |
109 | 6,775 | ||||||
| Balchem Corp. |
71 | 3,120 | ||||||
| Cabot Corp. |
185 | 6,327 | ||||||
| Calgon Carbon Corp.* |
151 | 2,733 | ||||||
| Celanese Corp. Series A |
652 | 28,721 | ||||||
| CF Industries Holdings, Inc. |
424 | 80,717 | ||||||
| Chemtura Corp.* |
204 | 4,408 | ||||||
| Cytec Industries, Inc. |
95 | 7,038 | ||||||
| Dow Chemical Co. (The) |
2,742 | 87,305 | ||||||
| E.I. du Pont de Nemours & Co. |
3,008 | $ | 147,873 | |||||
| Eastman Chemical Co. |
484 | 33,817 | ||||||
| Ecolab, Inc. |
379 | 30,388 | ||||||
| FMC Corp. |
314 | 17,907 | ||||||
| H.B. Fuller Co. |
141 | 5,510 | ||||||
| Huntsman Corp. |
1,355 | 25,190 | ||||||
| Innophos Holdings, Inc. |
51 | 2,783 | ||||||
| Innospec, Inc. |
140 | 6,199 | ||||||
| International Flavors & Fragrances, Inc. |
197 | 15,104 | ||||||
| Intrepid Potash, Inc. |
154 | 2,889 | ||||||
| Koppers Holdings, Inc. |
154 | 6,773 | ||||||
| Kronos Worldwide, Inc. |
917 | 14,351 | ||||||
| LSB Industries, Inc.* |
102 | 3,548 | ||||||
| Minerals Technologies, Inc. |
106 | 4,400 | ||||||
| Monsanto Co. |
1,109 | 117,144 | ||||||
| Mosaic Co. (The) |
1,664 | 99,191 | ||||||
| NewMarket Corp.(a) |
43 | 11,196 | ||||||
| Olin Corp. |
352 | 8,877 | ||||||
| OM Group, Inc.* |
118 | 2,771 | ||||||
| Omnova Solutions, Inc.* |
399 | 3,060 | ||||||
| PolyOne Corp. |
320 | 7,811 | ||||||
| PPG Industries, Inc. |
417 | 55,853 | ||||||
| Praxair, Inc. |
736 | 82,093 | ||||||
| Rockwood Holdings, Inc. |
420 | 27,485 | ||||||
| RPM International, Inc. |
406 | 12,822 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
148 | 6,400 | ||||||
| Sensient Technologies Corp. |
156 | 6,098 | ||||||
| Sherwin-Williams Co. (The) |
200 | 33,778 | ||||||
| Sigma-Aldrich Corp. |
300 | 23,304 | ||||||
| Stepan Co. |
114 | 7,193 | ||||||
| Valhi, Inc. |
746 | 11,973 | ||||||
| Valspar Corp. |
239 | 14,878 | ||||||
| W.R. Grace & Co.* |
235 | 18,215 | ||||||
| Westlake Chemical Corp. |
212 | 19,822 | ||||||
|
|
|
|||||||
| Total Chemicals | 1,203,631 | |||||||
| Commercial Banks – 4.2% | ||||||||
| 1st Source Corp. |
118 | 2,797 | ||||||
| Associated Banc-Corp. |
570 | 8,658 | ||||||
| BancFirst Corp. |
59 | 2,460 | ||||||
| BancorpSouth, Inc. |
265 | 4,319 | ||||||
| Bank of Hawaii Corp.(a) |
175 | 8,892 | ||||||
| Bank of the Ozarks, Inc. |
178 | 7,894 | ||||||
| Banner Corp. |
89 | 2,833 | ||||||
| BB&T Corp. |
2,760 | 86,636 | ||||||
| BBCN Bancorp, Inc. |
273 | 3,565 | ||||||
| BOK Financial Corp. |
290 | 18,067 | ||||||
| Boston Private Financial Holdings, Inc. |
331 | 3,270 | ||||||
| Camden National Corp. |
89 | 2,944 | ||||||
| CapitalSource, Inc. |
3,121 | 30,024 | ||||||
| Cardinal Financial Corp. |
188 | 3,418 | ||||||
| Cathay General Bancorp |
228 | 4,587 | ||||||
| Central Pacific Financial Corp.* |
177 | 2,779 | ||||||
| Chemical Financial Corp. |
111 | 2,928 | ||||||
| Citizens Republic Bancorp, Inc.* |
780 | 17,589 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| City National Corp. |
181 | $ | 10,663 | |||||
| Columbia Banking System, Inc. |
148 | 3,253 | ||||||
| Comerica, Inc. |
773 | 27,789 | ||||||
| Commerce Bancshares, Inc. |
326 | 13,311 | ||||||
| Community Bank System, Inc. |
131 | 3,882 | ||||||
| Community Trust Bancorp, Inc. |
89 | 3,029 | ||||||
| Cullen/Frost Bankers, Inc. |
222 | 13,882 | ||||||
| CVB Financial Corp. |
341 | 3,843 | ||||||
| East West Bancorp, Inc. |
578 | 14,837 | ||||||
| Fifth Third Bancorp |
4,598 | 74,993 | ||||||
| First BanCorp.* |
2,860 | 17,818 | ||||||
| First Citizens BancShares, Inc. Class A |
34 | 6,212 | ||||||
| First Financial Bancorp |
196 | 3,146 | ||||||
| First Financial Bankshares, Inc.(a) |
101 | 4,909 | ||||||
| First Interstate BancSystem, Inc. |
184 | 3,461 | ||||||
| First Niagara Financial Group, Inc. |
952 | 8,435 | ||||||
| First Republic Bank |
513 | 19,812 | ||||||
| FirstMerit Corp.(a) |
453 | 7,488 | ||||||
| FNB Corp. |
297 | 3,594 | ||||||
| Fulton Financial Corp. |
876 | 10,249 | ||||||
| Glacier Bancorp, Inc. |
203 | 3,853 | ||||||
| Great Southern Bancorp, Inc. |
104 | 2,537 | ||||||
| Hancock Holding Co. |
170 | 5,256 | ||||||
| Hanmi Financial Corp.* |
315 | 5,040 | ||||||
| Home BancShares, Inc. |
95 | 3,579 | ||||||
| Huntington Bancshares, Inc. |
4,234 | 31,289 | ||||||
| Iberiabank Corp. |
95 | 4,752 | ||||||
| Independent Bank Corp. |
79 | 2,575 | ||||||
| International Bancshares Corp. |
362 | 7,530 | ||||||
| Investors Bancorp, Inc. |
240 | 4,507 | ||||||
| KeyCorp |
5,985 | 59,611 | ||||||
| M&T Bank Corp. |
397 | 40,954 | ||||||
| MB Financial, Inc. |
226 | 5,462 | ||||||
| National Penn Bancshares, Inc. |
356 | 3,806 | ||||||
| NBT Bancorp, Inc. |
126 | 2,791 | ||||||
| Old National Bancorp |
246 | 3,382 | ||||||
| Oriental Financial Group, Inc. |
186 | 2,885 | ||||||
| PacWest Bancorp |
109 | 3,173 | ||||||
| Park National Corp.(a) |
57 | 3,978 | ||||||
| PNC Financial Services Group, Inc. |
2,212 | 147,098 | ||||||
| Popular, Inc.* |
333 | 9,194 | ||||||
| PrivateBancorp, Inc. |
183 | 3,461 | ||||||
| Prosperity Bancshares, Inc. |
138 | 6,540 | ||||||
| Regions Financial Corp. |
5,509 | 45,119 | ||||||
| Republic Bancorp, Inc. Class A |
228 | 5,162 | ||||||
| S&T Bancorp, Inc. |
97 | 1,798 | ||||||
| Signature Bank* |
136 | 10,711 | ||||||
| Simmons First National Corp. Class A |
98 | 2,481 | ||||||
| Sterling Financial Corp. |
957 | 20,757 | ||||||
| SunTrust Banks, Inc. |
2,686 | 77,384 | ||||||
| Susquehanna Bancshares, Inc. |
262 | 3,257 | ||||||
| SVB Financial Group* |
170 | 12,060 | ||||||
| Synovus Financial Corp. |
1,346 | 3,728 | ||||||
| Taylor Capital Group, Inc.* |
261 | 4,173 | ||||||
| Texas Capital Bancshares, Inc.* |
95 | $ | 3,843 | |||||
| Tompkins Financial Corp. |
79 | 3,340 | ||||||
| Trustmark Corp. |
204 | 5,102 | ||||||
| U.S. Bancorp |
7,762 | 263,365 | ||||||
| UMB Financial Corp. |
96 | 4,711 | ||||||
| Umpqua Holdings Corp. |
248 | 3,288 | ||||||
| United Bankshares, Inc. |
132 | 3,512 | ||||||
| Valley National Bancorp(a) |
525 | 5,376 | ||||||
| Webster Financial Corp. |
404 | 9,801 | ||||||
| Wells Fargo & Co. |
23,741 | 878,180 | ||||||
| WesBanco, Inc. |
118 | 2,826 | ||||||
| Westamerica Bancorp.(a) |
75 | 3,400 | ||||||
| Western Alliance Bancorp* |
233 | 3,225 | ||||||
| Wilshire Bancorp, Inc.* |
719 | 4,875 | ||||||
| Wintrust Financial Corp. |
115 | 4,260 | ||||||
| Zions Bancorp. |
365 | 9,121 | ||||||
|
|
|
|||||||
| Total Commercial Banks | 2,226,374 | |||||||
| Commercial Services & Supplies – 0.6% | ||||||||
| ABM Industries, Inc. |
172 | 3,825 | ||||||
| ACCO Brands Corp.* |
916 | 6,119 | ||||||
| Avery Dennison Corp. |
250 | 10,767 | ||||||
| Brink’s Co. (The) |
207 | 5,850 | ||||||
| Cintas Corp. |
376 | 16,593 | ||||||
| Clean Harbors, Inc.* |
88 | 5,112 | ||||||
| Consolidated Graphics, Inc.* |
59 | 2,307 | ||||||
| Copart, Inc.* |
338 | 11,587 | ||||||
| Corrections Corp. of America |
237 | 9,260 | ||||||
| Covanta Holding Corp. |
290 | 5,843 | ||||||
| Deluxe Corp. |
360 | 14,904 | ||||||
| Ennis, Inc. |
232 | 3,496 | ||||||
| Geo Group, Inc. (The) |
131 | 4,928 | ||||||
| Herman Miller, Inc. |
176 | 4,870 | ||||||
| HNI Corp. |
117 | 4,152 | ||||||
| Iron Mountain, Inc. |
295 | 10,711 | ||||||
| KAR Auction Services, Inc. |
169 | 3,385 | ||||||
| Knoll, Inc. |
232 | 4,206 | ||||||
| McGrath Rentcorp |
62 | 1,928 | ||||||
| Mine Safety Appliances Co. |
126 | 6,252 | ||||||
| Pitney Bowes, Inc.(a) |
1,664 | 24,727 | ||||||
| Portfolio Recovery Associates, Inc.* |
52 | 6,600 | ||||||
| Quad Graphics, Inc. |
139 | 3,328 | ||||||
| Republic Services, Inc. |
988 | 32,604 | ||||||
| Rollins, Inc. |
214 | 5,254 | ||||||
| Steelcase, Inc. Class A |
277 | 4,080 | ||||||
| Stericycle, Inc.* |
128 | 13,591 | ||||||
| SYKES Enterprises, Inc.* |
202 | 3,224 | ||||||
| Tetra Tech, Inc.* |
152 | 4,634 | ||||||
| UniFirst Corp. |
101 | 9,141 | ||||||
| United Stationers, Inc. |
187 | 7,228 | ||||||
| Waste Connections, Inc. |
249 | 8,959 | ||||||
| Waste Management, Inc. |
1,324 | 51,914 | ||||||
|
|
|
|||||||
| Total Commercial Services & Supplies | 311,379 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Communications Equipment – 1.6% | ||||||||
| ADTRAN, Inc.(a) |
271 | $ | 5,325 | |||||
| Arris Group, Inc.* |
161 | 2,765 | ||||||
| Black Box Corp. |
93 | 2,028 | ||||||
| Brocade Communications Systems, Inc.* |
816 | 4,708 | ||||||
| Cisco Systems, Inc. |
19,274 | 403,019 | ||||||
| Comtech Telecommunications Corp. |
89 | 2,161 | ||||||
| EchoStar Corp. Class A* |
327 | 12,743 | ||||||
| F5 Networks, Inc.* |
134 | 11,937 | ||||||
| Finisar Corp.*(a) |
211 | 2,783 | ||||||
| Harris Corp. |
563 | 26,090 | ||||||
| InterDigital, Inc. |
310 | 14,827 | ||||||
| Ixia* |
156 | 3,376 | ||||||
| Juniper Networks, Inc.* |
582 | 10,790 | ||||||
| Loral Space & Communications, Inc. |
72 | 4,455 | ||||||
| Motorola Solutions, Inc. |
628 | 40,211 | ||||||
| NETGEAR, Inc.* |
96 | 3,217 | ||||||
| Plantronics, Inc. |
139 | 6,143 | ||||||
| Polycom, Inc.* |
278 | 3,080 | ||||||
| QUALCOMM, Inc. |
3,898 | 260,971 | ||||||
| Riverbed Technology, Inc.* |
150 | 2,237 | ||||||
| Ubiquiti Networks, Inc.(a) |
381 | 5,227 | ||||||
|
|
|
|||||||
| Total Communications Equipment | 828,093 | |||||||
| Computers & Peripherals – 4.8% | ||||||||
| Apple, Inc. |
3,918 | 1,734,225 | ||||||
| Cray, Inc.* |
380 | 8,820 | ||||||
| Dell, Inc. |
13,573 | 194,501 | ||||||
| Diebold, Inc. |
184 | 5,579 | ||||||
| EMC Corp.* |
4,961 | 118,518 | ||||||
| Hewlett-Packard Co. |
13,120 | 312,781 | ||||||
| Lexmark International, Inc. Class A(a) |
488 | 12,883 | ||||||
| NCR Corp.* |
647 | 17,831 | ||||||
| NetApp, Inc.* |
706 | 24,117 | ||||||
| QLogic Corp.* |
432 | 5,011 | ||||||
| SanDisk Corp.* |
623 | 34,265 | ||||||
| Synaptics, Inc.* |
130 | 5,290 | ||||||
| Western Digital Corp. |
2,128 | 106,996 | ||||||
|
|
|
|||||||
| Total Computers & Peripherals | 2,580,817 | |||||||
| Construction & Engineering – 0.3% | ||||||||
| AECOM Technology Corp.* |
490 | 16,072 | ||||||
| Aegion Corp.* |
124 | 2,871 | ||||||
| EMCOR Group, Inc. |
195 | 8,266 | ||||||
| Fluor Corp. |
476 | 31,573 | ||||||
| Jacobs Engineering Group, Inc.* |
337 | 18,953 | ||||||
| KBR, Inc. |
639 | 20,499 | ||||||
| MasTec, Inc.* |
326 | 9,503 | ||||||
| Primoris Services Corp. |
174 | 3,847 | ||||||
| Quanta Services, Inc.* |
469 | 13,404 | ||||||
| URS Corp. |
375 | 17,779 | ||||||
|
|
|
|||||||
| Total Construction & Engineering | 142,767 | |||||||
| Construction Materials – 0.0% | ||||||||
| Martin Marietta Materials, Inc.(a) |
44 | 4,489 | ||||||
| Consumer Finance – 1.3% | ||||||||
| American Express Co. |
4,216 | $ | 284,411 | |||||
| Capital One Financial Corp. |
2,537 | 139,408 | ||||||
| Cash America International, Inc. |
145 | 7,608 | ||||||
| Credit Acceptance Corp.* |
113 | 13,802 | ||||||
| DFC Global Corp.* |
197 | 3,278 | ||||||
| Discover Financial Services |
3,006 | 134,789 | ||||||
| Encore Capital Group, Inc.*(a) |
127 | 3,823 | ||||||
| EZCORP, Inc. Class A* |
365 | 7,775 | ||||||
| First Cash Financial Services, Inc.* |
81 | 4,726 | ||||||
| Green Dot Corp. Class A*(a) |
64 | 1,070 | ||||||
| Nelnet, Inc. Class A |
428 | 14,466 | ||||||
| SLM Corp. |
3,065 | 62,771 | ||||||
| World Acceptance Corp.*(a) |
78 | 6,698 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 684,625 | |||||||
| Containers & Packaging – 0.3% | ||||||||
| Aptargroup, Inc. |
169 | 9,692 | ||||||
| Ball Corp. |
491 | 23,362 | ||||||
| Bemis Co., Inc. |
245 | 9,888 | ||||||
| Boise, Inc. |
518 | 4,486 | ||||||
| Crown Holdings, Inc.* |
707 | 29,418 | ||||||
| Graphic Packaging Holding Co.* |
2,557 | 19,152 | ||||||
| Greif, Inc. Class A |
207 | 11,099 | ||||||
| Owens-Illinois, Inc.* |
415 | 11,060 | ||||||
| Packaging Corp. of America |
233 | 10,455 | ||||||
| Rock-Tenn Co. Class A |
145 | 13,455 | ||||||
| Silgan Holdings, Inc. |
205 | 9,686 | ||||||
| Sonoco Products Co. |
299 | 10,462 | ||||||
|
|
|
|||||||
| Total Containers & Packaging | 162,215 | |||||||
| Distributors – 0.1% | ||||||||
| Core-Mark Holding Co., Inc. |
59 | 3,027 | ||||||
| Genuine Parts Co. |
439 | 34,242 | ||||||
| LKQ Corp.* |
636 | 13,840 | ||||||
| Pool Corp. |
122 | 5,856 | ||||||
|
|
|
|||||||
| Total Distributors | 56,965 | |||||||
| Diversified Consumer Services – 0.2% | ||||||||
| Apollo Group, Inc. Class A* |
933 | 16,225 | ||||||
| Bridgepoint Education, Inc.*(a) |
677 | 6,926 | ||||||
| Capella Education Co.* |
75 | 2,335 | ||||||
| Career Education Corp.* |
1,192 | 2,825 | ||||||
| Coinstar, Inc.*(a) |
150 | 8,763 | ||||||
| DeVry, Inc. |
375 | 11,906 | ||||||
| Education Management Corp.*(a) |
472 | 1,732 | ||||||
| Grand Canyon Education, Inc.* |
203 | 5,154 | ||||||
| H&R Block, Inc. |
1,006 | 29,596 | ||||||
| Hillenbrand, Inc. |
260 | 6,573 | ||||||
| Matthews International Corp. Class A |
92 | 3,210 | ||||||
| Regis Corp.(a) |
266 | 4,839 | ||||||
| Service Corp. International |
564 | 9,436 | ||||||
| Sotheby’s |
178 | 6,659 | ||||||
| Stewart Enterprises, Inc. Class A |
443 | 4,115 | ||||||
| Strayer Education, Inc.(a) |
54 | 2,613 | ||||||
| Weight Watchers International, Inc. |
215 | 9,054 | ||||||
|
|
|
|||||||
| Total Diversified Consumer Services | 131,961 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Diversified Financial Services – 3.8% | ||||||||
| Bank of America Corp. |
28,269 | $ | 344,317 | |||||
| CBOE Holdings, Inc. |
319 | 11,784 | ||||||
| Citigroup, Inc. |
10,817 | 478,544 | ||||||
| CME Group, Inc. |
1,339 | 82,201 | ||||||
| Interactive Brokers Group, Inc. Class A |
155 | 2,311 | ||||||
| IntercontinentalExchange, Inc.* |
206 | 33,592 | ||||||
| JPMorgan Chase & Co. |
19,855 | 942,318 | ||||||
| Leucadia National Corp. |
1,579 | 43,312 | ||||||
| MarketAxess Holdings, Inc. |
82 | 3,059 | ||||||
| Moody’s Corp. |
647 | 34,498 | ||||||
| MSCI, Inc. Class A* |
191 | 6,481 | ||||||
| NASDAQ OMX Group, Inc. (The) |
818 | 26,421 | ||||||
| NYSE Euronext |
1,059 | 40,920 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 2,049,758 | |||||||
| Diversified Telecommunication Services – 1.6% | ||||||||
| 8x8, Inc.* |
458 | 3,137 | ||||||
| AT&T, Inc. |
11,978 | 439,473 | ||||||
| CenturyLink, Inc. |
716 | 25,153 | ||||||
| Cincinnati Bell, Inc.* |
370 | 1,206 | ||||||
| Frontier Communications Corp.(a) |
1,286 | 5,118 | ||||||
| Iridium Communications, Inc.*(a) |
469 | 2,824 | ||||||
| tw telecom, Inc.* |
253 | 6,373 | ||||||
| Verizon Communications, Inc. |
7,112 | 349,555 | ||||||
| Windstream Corp. |
820 | 6,519 | ||||||
|
|
|
|||||||
| Total Diversified Telecommunication Services | 839,358 | |||||||
| Electric Utilities – 1.5% | ||||||||
| ALLETE, Inc. |
130 | 6,373 | ||||||
| American Electric Power Co., Inc. |
786 | 38,223 | ||||||
| Cleco Corp. |
253 | 11,899 | ||||||
| Duke Energy Corp. |
1,238 | 89,866 | ||||||
| El Paso Electric Co. |
153 | 5,148 | ||||||
| Empire District Electric Co. (The) |
126 | 2,822 | ||||||
| Entergy Corp. |
604 | 38,197 | ||||||
| Exelon Corp. |
2,403 | 82,855 | ||||||
| FirstEnergy Corp. |
1,360 | 57,392 | ||||||
| Great Plains Energy, Inc. |
436 | 10,111 | ||||||
| Hawaiian Electric Industries, Inc. |
242 | 6,706 | ||||||
| IDACORP, Inc. |
151 | 7,289 | ||||||
| ITC Holdings Corp. |
109 | 9,729 | ||||||
| MGE Energy, Inc. |
95 | 5,267 | ||||||
| NextEra Energy, Inc. |
1,339 | 104,014 | ||||||
| Northeast Utilities |
661 | 28,727 | ||||||
| NV Energy, Inc. |
747 | 14,962 | ||||||
| Pepco Holdings, Inc. |
605 | 12,947 | ||||||
| Pinnacle West Capital Corp. |
325 | 18,814 | ||||||
| PNM Resources, Inc. |
257 | 5,986 | ||||||
| Portland General Electric Co. |
208 | 6,309 | ||||||
| PPL Corp. |
2,897 | 90,705 | ||||||
| Southern Co. (The) |
2,316 | 108,667 | ||||||
| UIL Holdings Corp. |
97 | 3,840 | ||||||
| UniSource Energy Corp. |
166 | 8,124 | ||||||
| Westar Energy, Inc. |
347 | 11,514 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 786,486 | |||||||
| Electrical Equipment – 0.6% | ||||||||
| Acuity Brands, Inc. |
52 | $ | 3,606 | |||||
| AMETEK, Inc. |
590 | 25,582 | ||||||
| AZZ, Inc. |
74 | 3,567 | ||||||
| Babcock & Wilcox Co. (The) |
379 | 10,767 | ||||||
| Belden, Inc. |
127 | 6,560 | ||||||
| Brady Corp. Class A |
233 | 7,813 | ||||||
| Emerson Electric Co. |
2,202 | 123,026 | ||||||
| EnerSys* |
272 | 12,398 | ||||||
| Franklin Electric Co., Inc. |
120 | 4,028 | ||||||
| Generac Holdings, Inc. |
432 | 15,267 | ||||||
| General Cable Corp.* |
196 | 7,180 | ||||||
| Global Power Equipment Group, Inc. |
114 | 2,009 | ||||||
| GrafTech International Ltd.* |
849 | 6,520 | ||||||
| Hubbell, Inc. Class B |
184 | 17,868 | ||||||
| II-VI, Inc.* |
328 | 5,589 | ||||||
| Polypore International, Inc.*(a) |
78 | 3,134 | ||||||
| Powell Industries, Inc.* |
62 | 3,259 | ||||||
| Regal-Beloit Corp. |
156 | 12,723 | ||||||
| Rockwell Automation, Inc. |
402 | 34,713 | ||||||
| Roper Industries, Inc. |
216 | 27,499 | ||||||
|
|
|
|||||||
| Total Electrical Equipment | 333,108 | |||||||
| Electronic Equipment, Instruments & Components – 0.8% | ||||||||
| Amphenol Corp. Class A |
420 | 31,353 | ||||||
| Anixter International, Inc. |
129 | 9,020 | ||||||
| Arrow Electronics, Inc.* |
705 | 28,637 | ||||||
| Avnet, Inc.* |
801 | 28,996 | ||||||
| Benchmark Electronics, Inc.* |
305 | 5,496 | ||||||
| Cognex Corp. |
83 | 3,498 | ||||||
| Coherent, Inc. |
72 | 4,085 | ||||||
| Corning, Inc. |
8,029 | 107,027 | ||||||
| Dolby Laboratories, Inc. Class A(a) |
470 | 15,773 | ||||||
| FEI Co. |
100 | 6,455 | ||||||
| FLIR Systems, Inc. |
437 | 11,366 | ||||||
| Ingram Micro, Inc. Class A* |
861 | 16,945 | ||||||
| Insight Enterprises, Inc.* |
390 | 8,042 | ||||||
| IPG Photonics Corp.(a) |
115 | 7,637 | ||||||
| Itron, Inc.* |
91 | 4,222 | ||||||
| Jabil Circuit, Inc. |
1,028 | 18,997 | ||||||
| Littelfuse, Inc. |
101 | 6,853 | ||||||
| Molex, Inc. |
528 | 15,460 | ||||||
| MTS Systems Corp. |
111 | 6,455 | ||||||
| Multi-Fineline Electronix, Inc.* |
137 | 2,114 | ||||||
| National Instruments Corp. |
207 | 6,779 | ||||||
| Newport Corp.* |
194 | 3,282 | ||||||
| OSI Systems, Inc.* |
43 | 2,678 | ||||||
| Plexus Corp.* |
232 | 5,640 | ||||||
| Power-One, Inc.*(a) |
1,524 | 6,325 | ||||||
| Rofin-Sinar Technologies, Inc.* |
152 | 4,118 | ||||||
| Rogers Corp.* |
75 | 3,572 | ||||||
| Sanmina Corp.* |
835 | 9,486 | ||||||
| Scansource, Inc.* |
168 | 4,741 | ||||||
| SYNNEX Corp.* |
189 | 6,993 | ||||||
| Tech Data Corp.* |
209 | 9,533 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Trimble Navigation Ltd.* |
298 | $ | 8,928 | |||||
| Vishay Intertechnology, Inc.* |
874 | 11,895 | ||||||
|
|
|
|||||||
| Total Electronic Equipment, Instruments & Components | 422,401 | |||||||
| Energy Equipment & Services – 1.3% | ||||||||
| Atwood Oceanics, Inc.* |
282 | 14,816 | ||||||
| Baker Hughes, Inc. |
1,675 | 77,737 | ||||||
| Basic Energy Services, Inc.*(a) |
291 | 3,978 | ||||||
| Bristow Group, Inc. |
138 | 9,100 | ||||||
| C&J Energy Services, Inc.*(a) |
435 | 9,962 | ||||||
| Cameron International Corp.* |
604 | 39,381 | ||||||
| CARBO Ceramics, Inc.(a) |
51 | 4,645 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
555 | 38,606 | ||||||
| Dresser-Rand Group, Inc.* |
143 | 8,817 | ||||||
| Dril-Quip, Inc.* |
69 | 6,015 | ||||||
| Era Group, Inc.* |
33 | 693 | ||||||
| FMC Technologies, Inc.* |
464 | 25,237 | ||||||
| Forum Energy Technologies, Inc.*(a) |
219 | 6,298 | ||||||
| Gulfmark Offshore, Inc. Class A |
79 | 3,078 | ||||||
| Halliburton Co. |
4,301 | 173,803 | ||||||
| Helix Energy Solutions Group, Inc.* |
342 | 7,825 | ||||||
| Helmerich & Payne, Inc. |
443 | 26,890 | ||||||
| Key Energy Services, Inc.* |
835 | 6,747 | ||||||
| Lufkin Industries, Inc. |
33 | 2,191 | ||||||
| National Oilwell Varco, Inc. |
1,652 | 116,879 | ||||||
| Newpark Resources* |
366 | 3,396 | ||||||
| Oceaneering International, Inc. |
230 | 15,274 | ||||||
| Oil States International, Inc.* |
279 | 22,758 | ||||||
| Patterson-UTI Energy, Inc. |
771 | 18,381 | ||||||
| RPC, Inc.(a) |
1,142 | 17,324 | ||||||
| SEACOR Holdings, Inc. |
33 | 2,431 | ||||||
| Superior Energy Services, Inc.* |
690 | 17,919 | ||||||
| Tidewater, Inc.(a) |
97 | 4,899 | ||||||
| Unit Corp.* |
148 | 6,741 | ||||||
|
|
|
|||||||
| Total Energy Equipment & Services | 691,821 | |||||||
| Food & Staples Retailing – 2.9% | ||||||||
| Andersons, Inc. (The) |
91 | 4,870 | ||||||
| Casey’s General Stores, Inc. |
102 | 5,947 | ||||||
| Costco Wholesale Corp. |
845 | 89,663 | ||||||
| CVS Caremark Corp. |
3,957 | 217,595 | ||||||
| Fresh Market, Inc. (The)* |
50 | 2,139 | ||||||
| Harris Teeter Supermarkets, Inc. |
146 | 6,236 | ||||||
| Ingles Markets, Inc. Class A |
166 | 3,566 | ||||||
| Kroger Co. (The) |
1,318 | 43,679 | ||||||
| Pantry, Inc. (The)* |
58 | 723 | ||||||
| PriceSmart, Inc. |
70 | 5,448 | ||||||
| Roundy’s, Inc. |
527 | 3,462 | ||||||
| Safeway, Inc. |
1,195 | 31,488 | ||||||
| Spartan Stores, Inc. |
71 | 1,246 | ||||||
| Sysco Corp. |
1,766 | 62,110 | ||||||
| United Natural Foods, Inc.* |
131 | 6,445 | ||||||
| Walgreen Co. |
2,858 | 136,269 | ||||||
| Wal-Mart Stores, Inc. |
11,716 | 876,708 | ||||||
| Weis Markets, Inc. |
74 | $ | 3,012 | |||||
| Whole Foods Market, Inc. |
250 | 21,688 | ||||||
|
|
|
|||||||
| Total Food & Staples Retailing | 1,522,294 | |||||||
| Food Products – 1.7% | ||||||||
| Archer-Daniels-Midland Co. |
2,183 | 73,633 | ||||||
| B&G Foods, Inc. |
100 | 3,049 | ||||||
| Cal-Maine Foods, Inc. |
110 | 4,682 | ||||||
| Campbell Soup Co. |
1,084 | 49,170 | ||||||
| ConAgra Foods, Inc. |
1,194 | 42,757 | ||||||
| Darling International, Inc.* |
444 | 7,974 | ||||||
| Dean Foods Co.* |
415 | 7,524 | ||||||
| Diamond Foods, Inc.*(a) |
72 | 1,214 | ||||||
| Flowers Foods, Inc. |
308 | 10,146 | ||||||
| General Mills, Inc. |
1,879 | 92,654 | ||||||
| Green Mountain Coffee Roasters, Inc.*(a) |
354 | 20,093 | ||||||
| H.J. Heinz Co. |
779 | 56,298 | ||||||
| Hain Celestial Group, Inc. (The)*(a) |
64 | 3,909 | ||||||
| Hershey Co. (The) |
438 | 38,338 | ||||||
| Hillshire Brands Co. |
119 | 4,183 | ||||||
| Hormel Foods Corp. |
736 | 30,412 | ||||||
| Ingredion, Inc. |
254 | 18,369 | ||||||
| J&J Snack Foods Corp. |
41 | 3,153 | ||||||
| J.M. Smucker Co. (The) |
291 | 28,856 | ||||||
| Kellogg Co. |
936 | 60,306 | ||||||
| Lancaster Colony Corp. |
99 | 7,623 | ||||||
| McCormick & Co., Inc. |
308 | 22,653 | ||||||
| Mead Johnson Nutrition Co. |
402 | 31,135 | ||||||
| Mondelez International, Inc. Class A |
6,281 | 192,261 | ||||||
| Pilgrim’s Pride Corp.* |
390 | 3,584 | ||||||
| Seneca Foods Corp. Class A* |
83 | 2,741 | ||||||
| Smithfield Foods, Inc.* |
717 | 18,986 | ||||||
| Snyder’s-Lance, Inc. |
132 | 3,334 | ||||||
| Tootsie Roll Industries, Inc.(a) |
106 | 3,170 | ||||||
| TreeHouse Foods, Inc.* |
81 | 5,277 | ||||||
| Tyson Foods, Inc. Class A |
1,340 | 33,259 | ||||||
|
|
|
|||||||
| Total Food Products | 880,743 | |||||||
| Gas Utilities – 0.2% | ||||||||
| AGL Resources, Inc. |
282 | 11,830 | ||||||
| Atmos Energy Corp. |
317 | 13,533 | ||||||
| Laclede Group, Inc. (The) |
74 | 3,160 | ||||||
| National Fuel Gas Co. |
187 | 11,472 | ||||||
| New Jersey Resources Corp. |
100 | 4,485 | ||||||
| Northwest Natural Gas Co. |
82 | 3,593 | ||||||
| ONEOK, Inc. |
450 | 21,451 | ||||||
| Piedmont Natural Gas Co., Inc. |
185 | 6,083 | ||||||
| Questar Corp. |
527 | 12,822 | ||||||
| South Jersey Industries, Inc. |
110 | 6,115 | ||||||
| Southwest Gas Corp. |
145 | 6,882 | ||||||
| UGI Corp. |
297 | 11,402 | ||||||
| WGL Holdings, Inc. |
157 | 6,924 | ||||||
|
|
|
|||||||
| Total Gas Utilities | 119,752 | |||||||
| Health Care Equipment & Supplies – 1.5% | ||||||||
| Align Technology, Inc.* |
164 | 5,496 | ||||||
| Baxter International, Inc. |
1,726 | 125,377 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Becton Dickinson and Co. |
716 | $ | 68,457 | |||||
| Boston Scientific Corp.* |
3,515 | 27,452 | ||||||
| C.R. Bard, Inc. |
273 | 27,513 | ||||||
| CareFusion Corp.* |
628 | 21,974 | ||||||
| CONMED Corp. |
114 | 3,883 | ||||||
| Cooper Cos., Inc. (The) |
121 | 13,053 | ||||||
| Cyberonics, Inc.* |
83 | 3,885 | ||||||
| DENTSPLY International, Inc. |
304 | 12,896 | ||||||
| Edwards Lifesciences Corp.* |
120 | 9,859 | ||||||
| Greatbatch, Inc.* |
95 | 2,838 | ||||||
| Haemonetics Corp.* |
110 | 4,583 | ||||||
| Hill-Rom Holdings, Inc. |
172 | 6,058 | ||||||
| Hologic, Inc.* |
216 | 4,882 | ||||||
| IDEXX Laboratories, Inc.* |
99 | 9,147 | ||||||
| Intuitive Surgical, Inc.* |
60 | 29,471 | ||||||
| Masimo Corp. |
147 | 2,884 | ||||||
| Medtronic, Inc. |
3,962 | 186,056 | ||||||
| ResMed, Inc.(a) |
287 | 13,305 | ||||||
| Sirona Dental Systems, Inc.* |
102 | 7,520 | ||||||
| St. Jude Medical, Inc. |
1,125 | 45,495 | ||||||
| STERIS Corp. |
189 | 7,864 | ||||||
| Stryker Corp. |
1,263 | 82,398 | ||||||
| Teleflex, Inc. |
101 | 8,535 | ||||||
| Thoratec Corp.* |
81 | 3,037 | ||||||
| Varian Medical Systems, Inc.* |
278 | 20,016 | ||||||
| West Pharmaceutical Services, Inc. |
92 | 5,974 | ||||||
| Zimmer Holdings, Inc. |
623 | 46,862 | ||||||
|
|
|
|||||||
| Total Health Care Equipment & Supplies | 806,770 | |||||||
| Health Care Providers & Services – 2.6% | ||||||||
| Aetna, Inc. |
1,913 | 97,793 | ||||||
| Air Methods Corp. |
105 | 5,065 | ||||||
| Amedisys, Inc.* |
264 | 2,936 | ||||||
| AmerisourceBergen Corp. |
814 | 41,880 | ||||||
| Amsurg Corp.* |
127 | 4,272 | ||||||
| Cardinal Health, Inc. |
1,209 | 50,319 | ||||||
| Centene Corp.* |
56 | 2,466 | ||||||
| Chemed Corp. |
93 | 7,438 | ||||||
| Cigna Corp. |
1,360 | 84,823 | ||||||
| Community Health Systems, Inc. |
395 | 18,719 | ||||||
| Coventry Health Care, Inc. |
534 | 25,114 | ||||||
| DaVita HealthCare Partners, Inc.* |
252 | 29,885 | ||||||
| Ensign Group, Inc. (The) |
127 | 4,242 | ||||||
| Express Scripts Holding Co.* |
1,236 | 71,255 | ||||||
| Five Star Quality Care, Inc.* |
1,301 | 8,704 | ||||||
| Hanger Orthopedic Group, Inc.* |
118 | 3,720 | ||||||
| HCA Holdings, Inc. |
3,110 | 126,359 | ||||||
| Health Management Associates, Inc. Class A* |
916 | 11,789 | ||||||
| Health Net, Inc.* |
162 | 4,636 | ||||||
| HealthSouth Corp.* |
321 | 8,465 | ||||||
| Henry Schein, Inc.* |
263 | 24,341 | ||||||
| Humana, Inc. |
884 | 61,093 | ||||||
| Kindred Healthcare, Inc.* |
221 | 2,327 | ||||||
| Laboratory Corp. of America Holdings* |
328 | 29,586 | ||||||
| Landauer, Inc. |
21 | 1,184 | ||||||
| LifePoint Hospitals, Inc.* |
187 | $ | 9,062 | |||||
| Magellan Health Services, Inc.* |
119 | 5,661 | ||||||
| McKesson Corp. |
790 | 85,288 | ||||||
| Mednax, Inc.* |
168 | 15,058 | ||||||
| Molina Healthcare, Inc.* |
87 | 2,686 | ||||||
| MWI Veterinary Supply, Inc.* |
35 | 4,629 | ||||||
| National Healthcare Corp. |
38 | 1,737 | ||||||
| Omnicare, Inc. |
233 | 9,488 | ||||||
| Owens & Minor, Inc.(a) |
174 | 5,665 | ||||||
| Patterson Cos., Inc. |
394 | 14,988 | ||||||
| Quest Diagnostics, Inc. |
539 | 30,427 | ||||||
| Select Medical Holdings Corp. |
653 | 5,877 | ||||||
| Team Health Holdings, Inc.* |
134 | 4,875 | ||||||
| Tenet Healthcare Corp.* |
187 | 8,897 | ||||||
| Triple-S Management Corp. Class B* |
208 | 3,623 | ||||||
| UnitedHealth Group, Inc. |
4,904 | 280,558 | ||||||
| Universal American Corp. |
553 | 4,606 | ||||||
| Universal Health Services, Inc. Class B |
380 | 24,271 | ||||||
| Vanguard Health Systems, Inc.* |
361 | 5,368 | ||||||
| VCA Antech, Inc.* |
261 | 6,131 | ||||||
| WellCare Health Plans, Inc.* |
235 | 13,621 | ||||||
| WellPoint, Inc. |
2,013 | 133,321 | ||||||
|
|
|
|||||||
| Total Health Care Providers & Services | 1,404,248 | |||||||
| Health Care Technology – 0.0% | ||||||||
| Allscripts Healthcare Solutions, Inc.* |
131 | 1,780 | ||||||
| Cerner Corp.* |
233 | 22,077 | ||||||
| Quality Systems, Inc. |
77 | 1,408 | ||||||
|
|
|
|||||||
| Total Health Care Technology | 25,265 | |||||||
| Hotels, Restaurants & Leisure – 1.6% | ||||||||
| Ameristar Casinos, Inc. |
108 | 2,833 | ||||||
| Bally Technologies, Inc.*(a) |
131 | 6,808 | ||||||
| Bob Evans Farms, Inc. |
138 | 5,882 | ||||||
| Bravo Brio Restaurant Group, Inc.* |
168 | 2,659 | ||||||
| Brinker International, Inc. |
300 | 11,295 | ||||||
| Buffalo Wild Wings, Inc.* |
36 | 3,151 | ||||||
| Burger King Worldwide, Inc.(a) |
246 | 4,699 | ||||||
| CEC Entertainment, Inc. |
118 | 3,865 | ||||||
| Cheesecake Factory, Inc. (The) |
98 | 3,784 | ||||||
| Chipotle Mexican Grill, Inc.* |
44 | 14,338 | ||||||
| Choice Hotels International, Inc. |
153 | 6,473 | ||||||
| Churchill Downs, Inc. |
45 | 3,152 | ||||||
| Cracker Barrel Old Country Store, Inc. |
131 | 10,591 | ||||||
| Darden Restaurants, Inc. |
498 | 25,737 | ||||||
| Denny’s Corp.* |
1,042 | 6,012 | ||||||
| DineEquity, Inc. |
56 | 3,852 | ||||||
| Domino’s Pizza, Inc. |
140 | 7,202 | ||||||
| Dunkin’ Brands Group, Inc. |
134 | 4,942 | ||||||
| Einstein Noah Restaurant Group, Inc. |
119 | 1,765 | ||||||
| Hyatt Hotels Corp. Class A* |
164 | 7,090 | ||||||
| International Game Technology |
742 | 12,243 | ||||||
| International Speedway Corp. Class A |
168 | 5,490 | ||||||
| Interval Leisure Group, Inc. |
172 | 3,739 | ||||||
| Jack In The Box, Inc.* |
119 | 4,116 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Krispy Kreme Doughnuts, Inc.* |
789 | $ | 11,393 | |||||
| Las Vegas Sands Corp. |
1,447 | 81,539 | ||||||
| Life Time Fitness, Inc.* |
110 | 4,706 | ||||||
| Marriott International, Inc. Class A |
618 | 26,098 | ||||||
| McDonald’s Corp. |
2,926 | 291,693 | ||||||
| Panera Bread Co. Class A* |
56 | 9,253 | ||||||
| Papa John’s International, Inc.* |
119 | 7,357 | ||||||
| Penn National Gaming, Inc.* |
165 | 8,981 | ||||||
| Six Flags Entertainment Corp. |
44 | 3,189 | ||||||
| Sonic Corp.* |
223 | 2,872 | ||||||
| Speedway Motorsports, Inc. |
95 | 1,709 | ||||||
| Starbucks Corp. |
1,259 | 71,713 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc. |
510 | 32,502 | ||||||
| Texas Roadhouse, Inc. |
165 | 3,331 | ||||||
| Vail Resorts, Inc. |
32 | 1,994 | ||||||
| WMS Industries, Inc.* |
119 | 3,000 | ||||||
| Wyndham Worldwide Corp. |
396 | 25,534 | ||||||
| Wynn Resorts Ltd. |
244 | 30,539 | ||||||
| Yum! Brands, Inc. |
1,097 | 78,918 | ||||||
|
|
|
|||||||
| Total Hotels, Restaurants & Leisure | 858,039 | |||||||
| Household Durables – 0.5% | ||||||||
| American Greetings Corp. Class A |
284 | 4,572 | ||||||
| Blyth, Inc. |
78 | 1,354 | ||||||
| D.R. Horton, Inc. |
1,961 | 47,652 | ||||||
| Ethan Allen Interiors, Inc. |
114 | 3,753 | ||||||
| Harman International Industries, Inc. |
345 | 15,397 | ||||||
| Jarden Corp.* |
375 | 16,069 | ||||||
| La-Z-Boy, Inc. |
262 | 4,944 | ||||||
| Leggett & Platt, Inc. |
347 | 11,722 | ||||||
| Lennar Corp. Class A(a) |
596 | 24,722 | ||||||
| Mohawk Industries, Inc.* |
134 | 15,158 | ||||||
| Newell Rubbermaid, Inc. |
921 | 24,038 | ||||||
| NVR, Inc.* |
9 | 9,721 | ||||||
| PulteGroup, Inc.* |
372 | 7,529 | ||||||
| Tempur-Pedic International, Inc.*(a) |
184 | 9,132 | ||||||
| Toll Brothers, Inc.* |
189 | 6,471 | ||||||
| Tupperware Brands Corp. |
206 | 16,839 | ||||||
| Whirlpool Corp. |
310 | 36,723 | ||||||
|
|
|
|||||||
| Total Household Durables | 255,796 | |||||||
| Household Products – 1.6% | ||||||||
| Central Garden and Pet Co. Class A* |
311 | 2,556 | ||||||
| Church & Dwight Co., Inc. |
340 | 21,974 | ||||||
| Clorox Co. (The) |
362 | 32,048 | ||||||
| Colgate-Palmolive Co. |
1,153 | 136,089 | ||||||
| Energizer Holdings, Inc. |
169 | 16,854 | ||||||
| Kimberly-Clark Corp. |
1,136 | 111,305 | ||||||
| Procter & Gamble Co. (The) |
6,984 | 538,187 | ||||||
| WD-40 Co. |
50 | 2,739 | ||||||
|
|
|
|||||||
| Total Household Products | 861,752 | |||||||
| Independent Power Producers & Energy Traders – 0.1% | ||||||||
| AES Corp. (The) |
2,988 | 37,559 | ||||||
| Calpine Corp.* |
217 | 4,470 | ||||||
|
|
|
|||||||
| Total Independent Power Producers & Energy Traders | 42,029 | |||||||
| Industrial Conglomerates – 2.2% | ||||||||
| 3M Co. |
2,360 | $ | 250,892 | |||||
| Carlisle Cos., Inc. |
208 | 14,100 | ||||||
| Danaher Corp. |
1,913 | 118,893 | ||||||
| General Electric Co. |
32,973 | 762,336 | ||||||
| Raven Industries, Inc. |
74 | 2,487 | ||||||
| Seaboard Corp. |
6 | 16,800 | ||||||
| Standex International Corp. |
51 | 2,816 | ||||||
|
|
|
|||||||
| Total Industrial Conglomerates | 1,168,324 | |||||||
| Insurance – 4.5% | ||||||||
| Aflac, Inc. |
2,822 | 146,800 | ||||||
| Alleghany Corp.* |
54 | 21,380 | ||||||
| Allstate Corp. (The) |
3,104 | 152,313 | ||||||
| American Equity Investment Life Holding Co. |
289 | 4,303 | ||||||
| American Financial Group, Inc. |
444 | 21,037 | ||||||
| American National Insurance Co. |
79 | 6,863 | ||||||
| AMERISAFE, Inc. |
134 | 4,762 | ||||||
| AmTrust Financial Services, Inc. |
361 | 12,509 | ||||||
| Arthur J. Gallagher & Co. |
224 | 9,253 | ||||||
| Assurant, Inc. |
772 | 34,748 | ||||||
| Berkshire Hathaway, Inc. Class B* |
6,894 | 718,355 | ||||||
| Brown & Brown, Inc. |
356 | 11,406 | ||||||
| Chubb Corp. (The) |
1,188 | 103,986 | ||||||
| Cincinnati Financial Corp. |
398 | 18,782 | ||||||
| CNA Financial Corp. |
1,280 | 41,843 | ||||||
| CNO Financial Group, Inc. |
1,155 | 13,225 | ||||||
| Employers Holdings, Inc. |
176 | 4,127 | ||||||
| FBL Financial Group, Inc. Class A |
207 | 8,044 | ||||||
| Fidelity National Financial, Inc. Class A |
1,120 | 28,258 | ||||||
| First American Financial Corp. |
499 | 12,759 | ||||||
| Genworth Financial, Inc. Class A* |
2,010 | 20,100 | ||||||
| Hanover Insurance Group, Inc. (The) |
189 | 9,390 | ||||||
| Hartford Financial Services Group, Inc. |
2,184 | 56,347 | ||||||
| HCC Insurance Holdings, Inc. |
440 | 18,493 | ||||||
| Horace Mann Educators Corp. |
226 | 4,712 | ||||||
| Infinity Property & Casualty Corp. |
72 | 4,046 | ||||||
| Kemper Corp. |
157 | 5,120 | ||||||
| Lincoln National Corp. |
2,220 | 72,394 | ||||||
| Loews Corp. |
1,043 | 45,965 | ||||||
| Markel Corp.*(a) |
23 | 11,580 | ||||||
| Marsh & McLennan Cos., Inc. |
1,436 | 54,525 | ||||||
| Mercury General Corp. |
152 | 5,765 | ||||||
| MetLife, Inc. |
5,290 | 201,126 | ||||||
| National Western Life Insurance Co. Class A |
26 | 4,576 | ||||||
| Navigators Group, Inc. (The)* |
45 | 2,644 | ||||||
| Phoenix Cos., Inc. (The)* |
81 | 2,492 | ||||||
| Primerica, Inc. |
328 | 10,752 | ||||||
| Principal Financial Group, Inc. |
1,438 | 48,935 | ||||||
| ProAssurance Corp. |
280 | 13,252 | ||||||
| Progressive Corp. (The) |
1,811 | 45,764 | ||||||
| Protective Life Corp. |
610 | 21,838 | ||||||
| Prudential Financial, Inc. |
772 | 45,540 | ||||||
| Reinsurance Group of America, Inc. |
480 | 28,642 | ||||||
| RLI Corp. |
107 | 7,688 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Safety Insurance Group, Inc. |
89 | $ | 4,374 | |||||
| Selective Insurance Group, Inc. |
117 | 2,809 | ||||||
| StanCorp Financial Group, Inc. |
253 | 10,818 | ||||||
| State Auto Financial Corp. |
242 | 4,216 | ||||||
| Stewart Information Services Corp.(a) |
94 | 2,394 | ||||||
| Symetra Financial Corp. |
675 | 9,052 | ||||||
| Torchmark Corp. |
532 | 31,814 | ||||||
| Travelers Cos., Inc. (The) |
1,765 | 148,595 | ||||||
| United Fire Group, Inc. |
136 | 3,464 | ||||||
| Universal Insurance Holdings, Inc. |
1,039 | 5,039 | ||||||
| Unum Group |
758 | 21,414 | ||||||
| W.R. Berkley Corp. |
523 | 23,206 | ||||||
|
|
|
|||||||
| Total Insurance | 2,383,634 | |||||||
| Internet & Catalog Retail – 0.2% | ||||||||
| Expedia, Inc. |
311 | 18,663 | ||||||
| HSN, Inc. |
93 | 5,102 | ||||||
| Liberty Interactive Corp. Class A* |
676 | 14,453 | ||||||
| Netflix, Inc.* |
47 | 8,902 | ||||||
| priceline.com, Inc.* |
104 | 71,545 | ||||||
| TripAdvisor, Inc.* |
243 | 12,762 | ||||||
|
|
|
|||||||
| Total Internet & Catalog Retail | 131,427 | |||||||
| Internet Software & Services – 1.7% | ||||||||
| Akamai Technologies, Inc.* |
280 | 9,881 | ||||||
| AOL, Inc.* |
1,424 | 54,810 | ||||||
| Bankrate, Inc.*(a) |
188 | 2,245 | ||||||
| Blucora, Inc.* |
160 | 2,477 | ||||||
| Dealertrack Technologies, Inc.* |
114 | 3,349 | ||||||
| Digital River, Inc.* |
145 | 2,050 | ||||||
| Earthlink, Inc. |
618 | 3,350 | ||||||
| eBay, Inc.* |
2,637 | 142,978 | ||||||
| Equinix, Inc.* |
18 | 3,894 | ||||||
| Facebook, Inc. Class A* |
451 | 11,537 | ||||||
| Google, Inc. Class A* |
719 | 570,908 | ||||||
| IAC/InterActiveCorp |
164 | 7,327 | ||||||
| j2 Global, Inc.(a) |
128 | 5,019 | ||||||
| Keynote Systems, Inc. |
113 | 1,577 | ||||||
| Liquidity Services, Inc.*(a) |
67 | 1,997 | ||||||
| Rackspace Hosting, Inc.* |
54 | 2,726 | ||||||
| Stamps.com, Inc.* |
94 | 2,347 | ||||||
| United Online, Inc. |
461 | 2,780 | ||||||
| ValueClick, Inc.* |
381 | 11,259 | ||||||
| VeriSign, Inc.* |
298 | 14,089 | ||||||
| Yahoo!, Inc.* |
2,550 | 60,001 | ||||||
|
|
|
|||||||
| Total Internet Software & Services | 916,601 | |||||||
| IT Services – 3.3% | ||||||||
| Acxiom Corp.* |
149 | 3,040 | ||||||
| Alliance Data Systems Corp.* |
137 | 22,179 | ||||||
| Automatic Data Processing, Inc. |
1,118 | 72,692 | ||||||
| Booz Allen Hamilton Holding Corp.(a) |
684 | 9,193 | ||||||
| Broadridge Financial Solutions, Inc. |
377 | 9,365 | ||||||
| CACI International, Inc. Class A* |
146 | 8,449 | ||||||
| Cardtronics, Inc.* |
113 | 3,103 | ||||||
| Cognizant Technology Solutions Corp. Class A* |
662 | 50,716 | ||||||
| Convergys Corp. |
336 | 5,722 | ||||||
| CoreLogic, Inc.* |
118 | $ | 3,051 | |||||
| CSG Systems International, Inc.* |
189 | 4,005 | ||||||
| DST Systems, Inc. |
188 | 13,399 | ||||||
| EPAM Systems, Inc.* |
140 | 3,252 | ||||||
| Euronet Worldwide, Inc.* |
91 | 2,397 | ||||||
| Fidelity National Information Services, Inc. |
783 | 31,022 | ||||||
| Fiserv, Inc.* |
352 | 30,916 | ||||||
| FleetCor Technologies, Inc.* |
150 | 11,501 | ||||||
| Gartner, Inc.* |
174 | 9,467 | ||||||
| Global Payments, Inc. |
214 | 10,627 | ||||||
| Heartland Payment Systems, Inc. |
112 | 3,693 | ||||||
| International Business Machines Corp. |
3,980 | 848,934 | ||||||
| Jack Henry & Associates, Inc. |
242 | 11,183 | ||||||
| Lender Processing Services, Inc. |
404 | 10,286 | ||||||
| ManTech International Corp. Class A(a) |
178 | 4,783 | ||||||
| Mastercard, Inc. Class A |
273 | 147,728 | ||||||
| MAXIMUS, Inc. |
71 | 5,678 | ||||||
| NeuStar, Inc. Class A* |
172 | 8,003 | ||||||
| Paychex, Inc. |
831 | 29,143 | ||||||
| Sapient Corp.* |
412 | 5,022 | ||||||
| Syntel, Inc. |
154 | 10,398 | ||||||
| TeleTech Holdings, Inc.* |
328 | 6,957 | ||||||
| Teradata Corp.* |
285 | 16,675 | ||||||
| Total System Services, Inc. |
564 | 13,976 | ||||||
| Unisys Corp.* |
333 | 7,576 | ||||||
| VeriFone Systems, Inc.* |
358 | 7,403 | ||||||
| Visa, Inc. Class A |
1,583 | 268,857 | ||||||
| Western Union Co. (The) |
4,168 | 62,687 | ||||||
| WEX, Inc.* |
89 | 6,987 | ||||||
|
|
|
|||||||
| Total IT Services | 1,780,065 | |||||||
| Leisure Equipment & Products – 0.2% | ||||||||
| Brunswick Corp. |
150 | 5,133 | ||||||
| Hasbro, Inc. |
439 | 19,290 | ||||||
| LeapFrog Enterprises, Inc.*(a) |
385 | 3,296 | ||||||
| Mattel, Inc. |
1,115 | 48,826 | ||||||
| Polaris Industries, Inc. |
168 | 15,538 | ||||||
| Smith & Wesson Holding Corp.*(a) |
294 | 2,646 | ||||||
| Sturm Ruger & Co., Inc.(a) |
72 | 3,652 | ||||||
|
|
|
|||||||
| Total Leisure Equipment & Products | 98,381 | |||||||
| Life Sciences Tools & Services – 0.4% | ||||||||
| Agilent Technologies, Inc. |
1,192 | 50,028 | ||||||
| Bio-Rad Laboratories, Inc. Class A* |
81 | 10,206 | ||||||
| Bruker Corp.* |
343 | 6,551 | ||||||
| Charles River Laboratories International, Inc.* |
116 | 5,135 | ||||||
| Covance, Inc.* |
105 | 7,804 | ||||||
| Illumina, Inc.*(a) |
128 | 6,912 | ||||||
| Life Technologies Corp.* |
376 | 24,301 | ||||||
| Mettler-Toledo International, Inc.* |
60 | 12,793 | ||||||
| PAREXEL International Corp.* |
148 | 5,848 | ||||||
| PerkinElmer, Inc. |
112 | 3,768 | ||||||
| Techne Corp. |
92 | 6,242 | ||||||
| Thermo Fisher Scientific, Inc. |
875 | 66,929 | ||||||
| Waters Corp.* |
230 | 21,599 | ||||||
|
|
|
|||||||
| Total Life Sciences Tools & Services | 228,116 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Machinery – 2.5% | ||||||||
| Actuant Corp. Class A |
298 | $ | 9,125 | |||||
| AGCO Corp. |
660 | 34,399 | ||||||
| American Railcar Industries, Inc. |
69 | 3,225 | ||||||
| Astec Industries, Inc. |
100 | 3,493 | ||||||
| Barnes Group, Inc. |
189 | 5,468 | ||||||
| Blount International, Inc.* |
166 | 2,221 | ||||||
| Briggs & Stratton Corp. |
190 | 4,712 | ||||||
| Caterpillar, Inc. |
3,378 | 293,785 | ||||||
| Chart Industries, Inc.* |
32 | 2,560 | ||||||
| CLARCOR, Inc. |
131 | 6,862 | ||||||
| Commercial Vehicle Group, Inc.* |
412 | 3,213 | ||||||
| Crane Co. |
38 | 2,123 | ||||||
| Cummins, Inc. |
795 | 92,069 | ||||||
| Deere & Co. |
1,776 | 152,700 | ||||||
| Donaldson Co., Inc. |
316 | 11,436 | ||||||
| Dover Corp. |
626 | 45,623 | ||||||
| EnPro Industries, Inc.* |
99 | 5,066 | ||||||
| ESCO Technologies, Inc. |
74 | 3,024 | ||||||
| Flowserve Corp. |
166 | 27,840 | ||||||
| Gardner Denver, Inc. |
168 | 12,618 | ||||||
| Graco, Inc. |
170 | 9,865 | ||||||
| Greenbrier Cos., Inc (The)* |
139 | 3,157 | ||||||
| IDEX Corp. |
279 | 14,904 | ||||||
| Illinois Tool Works, Inc. |
1,598 | 97,382 | ||||||
| John Bean Technologies Corp. |
111 | 2,303 | ||||||
| Joy Global, Inc. |
553 | 32,914 | ||||||
| Kennametal, Inc. |
334 | 13,039 | ||||||
| Lincoln Electric Holdings, Inc. |
205 | 11,107 | ||||||
| Lindsay Corp. |
32 | 2,822 | ||||||
| Manitowoc Co., Inc. (The) |
232 | 4,770 | ||||||
| Meritor, Inc.* |
552 | 2,611 | ||||||
| Middleby Corp.* |
51 | 7,760 | ||||||
| Mueller Industries, Inc. |
126 | 6,714 | ||||||
| NACCO Industries, Inc. Class A |
55 | 2,935 | ||||||
| Nordson Corp. |
191 | 12,596 | ||||||
| Oshkosh Corp.* |
440 | 18,696 | ||||||
| PACCAR, Inc. |
1,243 | 62,846 | ||||||
| Pall Corp. |
264 | 18,050 | ||||||
| Parker Hannifin Corp. |
639 | 58,520 | ||||||
| RBC Bearings, Inc.* |
66 | 3,337 | ||||||
| Sauer-Danfoss, Inc. |
215 | 12,562 | ||||||
| Snap-On, Inc. |
211 | 17,450 | ||||||
| SPX Corp. |
133 | 10,502 | ||||||
| Stanley Black & Decker, Inc. |
368 | 29,797 | ||||||
| Terex Corp.* |
212 | 7,297 | ||||||
| Timken Co. (The) |
522 | 29,535 | ||||||
| Titan International, Inc. |
248 | 5,228 | ||||||
| Toro Co. (The) |
192 | 8,840 | ||||||
| Trimas Corp.* |
133 | 4,318 | ||||||
| Trinity Industries, Inc. |
190 | 8,613 | ||||||
| Valmont Industries, Inc. |
89 | 13,997 | ||||||
| WABCO Holdings, Inc.* |
260 | 18,353 | ||||||
| Wabtec Corp. |
130 | 13,274 | ||||||
| Watts Water Technologies, Inc. Class A |
133 | $ | 6,383 | |||||
| Woodward, Inc. |
164 | 6,521 | ||||||
| Xylem, Inc. |
426 | 11,740 | ||||||
|
|
|
|||||||
| Total Machinery | 1,312,300 | |||||||
| Marine – 0.0% | ||||||||
| Kirby Corp.* |
129 | 9,907 | ||||||
| Matson, Inc. |
61 | 1,501 | ||||||
|
|
|
|||||||
| Total Marine | 11,408 | |||||||
| Media – 4.1% | ||||||||
| AMC Networks, Inc. Class A* |
144 | 9,098 | ||||||
| Arbitron, Inc. |
70 | 3,281 | ||||||
| Belo Corp. Class A |
510 | 5,013 | ||||||
| CBS Corp. Class B |
2,122 | 99,076 | ||||||
| Cinemark Holdings, Inc. |
326 | 9,597 | ||||||
| Comcast Corp. Class A |
5,931 | 249,161 | ||||||
| DIRECTV* |
2,569 | 145,431 | ||||||
| Discovery Communications, Inc. Class A* |
722 | 56,850 | ||||||
| DISH Network Corp. Class A |
1,727 | 65,453 | ||||||
| DreamWorks Animation SKG, Inc. Class A*(a) |
300 | 5,688 | ||||||
| Entercom Communications Corp. Class A*(a) |
518 | 3,854 | ||||||
| Gannett Co., Inc. |
1,117 | 24,429 | ||||||
| Harte-Hanks, Inc. |
492 | 3,833 | ||||||
| Interpublic Group of Cos., Inc. (The) |
1,689 | 22,008 | ||||||
| John Wiley & Sons, Inc. Class A |
255 | 9,935 | ||||||
| Liberty Media Corp.* |
705 | 78,699 | ||||||
| LIN TV Corp. Class A* |
483 | 5,308 | ||||||
| Madison Square Garden Co. (The) Class A* |
91 | 5,242 | ||||||
| McClatchy Co. (The) Class A*(a) |
995 | 2,886 | ||||||
| McGraw-Hill Cos., Inc. (The) |
715 | 37,237 | ||||||
| Meredith Corp. |
208 | 7,958 | ||||||
| Morningstar, Inc. |
78 | 5,454 | ||||||
| New York Times Co. (The) Class A* |
327 | 3,205 | ||||||
| News Corp. Class A |
9,748 | 297,509 | ||||||
| Omnicom Group, Inc. |
908 | 53,481 | ||||||
| Regal Entertainment Group Class A(a) |
299 | 4,984 | ||||||
| Scholastic Corp. |
175 | 4,664 | ||||||
| Scripps Networks Interactive, Inc. Class A |
452 | 29,082 | ||||||
| Sinclair Broadcast Group, Inc. Class A |
336 | 6,801 | ||||||
| Sirius XM Radio, Inc. |
56,006 | 172,499 | ||||||
| Starz – Liberty Capital* |
596 | 13,201 | ||||||
| Time Warner Cable, Inc. |
974 | 93,562 | ||||||
| Time Warner, Inc. |
2,993 | 172,457 | ||||||
| Valassis Communications, Inc. |
214 | 6,392 | ||||||
| Viacom, Inc. Class B |
2,124 | 130,775 | ||||||
| Virgin Media, Inc. |
482 | 23,604 | ||||||
| Walt Disney Co. (The) |
5,493 | 312,002 | ||||||
| Washington Post Co. (The) Class B(a) |
23 | 10,281 | ||||||
| World Wrestling Entertainment, Inc. Class A |
242 | 2,134 | ||||||
|
|
|
|||||||
| Total Media | 2,192,124 | |||||||
| Metals & Mining – 0.7% | ||||||||
| Allegheny Technologies, Inc. |
196 | 6,215 | ||||||
| AMCOL International Corp. |
113 | 3,411 | ||||||
| Carpenter Technology Corp. |
135 | 6,654 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Cliffs Natural Resources, Inc.(a) |
1,228 | $ | 23,344 | |||||
| Coeur d’Alene Mines Corp.* |
110 | 2,075 | ||||||
| Commercial Metals Co. |
638 | 10,112 | ||||||
| Compass Minerals International, Inc. |
88 | 6,943 | ||||||
| Freeport-McMoRan Copper & Gold, Inc. |
4,689 | 155,206 | ||||||
| Globe Specialty Metals, Inc. |
241 | 3,355 | ||||||
| Gold Resource Corp. |
242 | 3,153 | ||||||
| Haynes International, Inc. |
49 | 2,710 | ||||||
| Hecla Mining Co. |
735 | 2,903 | ||||||
| Kaiser Aluminum Corp. |
63 | 4,073 | ||||||
| Materion Corp. |
97 | 2,765 | ||||||
| Metals USA Holdings Corp. |
210 | 4,337 | ||||||
| Newmont Mining Corp. |
629 | 26,349 | ||||||
| Noranda Aluminum Holding Corp. |
776 | 3,484 | ||||||
| Nucor Corp. |
609 | 28,105 | ||||||
| Reliance Steel & Aluminum Co. |
278 | 19,785 | ||||||
| Royal Gold, Inc. |
40 | 2,841 | ||||||
| Schnitzer Steel Industries, Inc. Class A |
101 | 2,693 | ||||||
| Steel Dynamics, Inc. |
495 | 7,856 | ||||||
| Stillwater Mining Co.*(a) |
495 | 6,400 | ||||||
| SunCoke Energy, Inc.* |
245 | 4,001 | ||||||
| US Silica Holdings, Inc. |
206 | 4,857 | ||||||
| Walter Energy, Inc.(a) |
225 | 6,413 | ||||||
| Worthington Industries, Inc. |
295 | 9,139 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 359,179 | |||||||
| Multiline Retail – 0.8% | ||||||||
| Big Lots, Inc.* |
279 | 9,840 | ||||||
| Dillard’s, Inc. Class A |
263 | 20,659 | ||||||
| Dollar General Corp.* |
978 | 49,467 | ||||||
| Dollar Tree, Inc.* |
639 | 30,947 | ||||||
| Family Dollar Stores, Inc. |
306 | 18,069 | ||||||
| Kohl’s Corp. |
957 | 44,147 | ||||||
| Macy’s, Inc. |
1,643 | 68,743 | ||||||
| Nordstrom, Inc. |
611 | 33,746 | ||||||
| Saks, Inc.*(a) |
305 | 3,498 | ||||||
| Target Corp. |
2,003 | 137,105 | ||||||
|
|
|
|||||||
| Total Multiline Retail | 416,221 | |||||||
| Multi-Utilities – 1.0% | ||||||||
| Alliant Energy Corp. |
326 | 16,359 | ||||||
| Ameren Corp. |
230 | 8,055 | ||||||
| Avista Corp. |
191 | 5,233 | ||||||
| Black Hills Corp. |
81 | 3,567 | ||||||
| CenterPoint Energy, Inc. |
1,440 | 34,502 | ||||||
| CH Energy Group, Inc. |
79 | 5,166 | ||||||
| CMS Energy Corp. |
757 | 21,151 | ||||||
| Consolidated Edison, Inc. |
823 | 50,228 | ||||||
| Dominion Resources, Inc. |
267 | 15,534 | ||||||
| DTE Energy Co. |
488 | 33,350 | ||||||
| Integrys Energy Group, Inc. |
183 | 10,643 | ||||||
| MDU Resources Group, Inc. |
320 | 7,997 | ||||||
| NiSource, Inc. |
550 | 16,137 | ||||||
| NorthWestern Corp. |
150 | 5,979 | ||||||
| OGE Energy Corp. |
300 | 20,994 | ||||||
| PG&E Corp. |
1,245 | $ | 55,440 | |||||
| Public Service Enterprise Group, Inc. |
1,826 | 62,705 | ||||||
| SCANA Corp. |
416 | 21,283 | ||||||
| Sempra Energy |
669 | 53,480 | ||||||
| TECO Energy, Inc. |
720 | 12,830 | ||||||
| Vectren Corp. |
226 | 8,005 | ||||||
| Wisconsin Energy Corp. |
714 | 30,623 | ||||||
| Xcel Energy, Inc. |
1,596 | 47,401 | ||||||
|
|
|
|||||||
| Total Multi-Utilities | 546,662 | |||||||
| Office Electronics – 0.1% | ||||||||
| Xerox Corp. |
7,855 | 67,553 | ||||||
| Zebra Technologies Corp. Class A* |
164 | 7,729 | ||||||
|
|
|
|||||||
| Total Office Electronics | 75,282 | |||||||
| Oil, Gas & Consumable Fuels – 10.7% | ||||||||
| Alon USA Energy, Inc. |
175 | 3,334 | ||||||
| Anadarko Petroleum Corp. |
817 | 71,447 | ||||||
| Apache Corp. |
1,599 | 123,379 | ||||||
| Cabot Oil & Gas Corp. |
112 | 7,572 | ||||||
| Callon Petroleum Co.* |
875 | 3,237 | ||||||
| Carrizo Oil & Gas, Inc.* |
115 | 2,964 | ||||||
| Chevron Corp. |
10,526 | 1,250,699 | ||||||
| Cimarex Energy Co. |
349 | 26,329 | ||||||
| Clayton Williams Energy, Inc.* |
51 | 2,230 | ||||||
| Cloud Peak Energy, Inc.* |
483 | 9,071 | ||||||
| Concho Resources, Inc.* |
358 | 34,880 | ||||||
| ConocoPhillips |
5,225 | 314,023 | ||||||
| Consol Energy, Inc. |
516 | 17,363 | ||||||
| Contango Oil & Gas Co. |
62 | 2,486 | ||||||
| Continental Resources, Inc.* |
278 | 24,167 | ||||||
| CVR Energy, Inc. |
447 | 23,074 | ||||||
| Delek US Holdings, Inc. |
358 | 14,127 | ||||||
| Denbury Resources, Inc.* |
1,390 | 25,924 | ||||||
| Devon Energy Corp. |
779 | 43,951 | ||||||
| Energen Corp. |
236 | 12,274 | ||||||
| EOG Resources, Inc. |
383 | 49,051 | ||||||
| EQT Corp. |
214 | 14,499 | ||||||
| Exxon Mobil Corp. |
22,357 | 2,014,589 | ||||||
| Gulfport Energy Corp.* |
133 | 6,095 | ||||||
| Hess Corp. |
1,068 | 76,479 | ||||||
| HollyFrontier Corp. |
1,655 | 85,150 | ||||||
| Kinder Morgan, Inc. |
1,315 | 50,864 | ||||||
| Laredo Petroleum Holdings, Inc.*(a) |
279 | 5,103 | ||||||
| Marathon Oil Corp. |
2,907 | 98,024 | ||||||
| Marathon Petroleum Corp. |
2,020 | 180,992 | ||||||
| Murphy Oil Corp. |
612 | 39,003 | ||||||
| Newfield Exploration Co.* |
526 | 11,793 | ||||||
| Noble Energy, Inc. |
185 | 21,397 | ||||||
| Northern Oil and Gas, Inc.*(a) |
237 | 3,408 | ||||||
| Oasis Petroleum, Inc.* |
120 | 4,568 | ||||||
| Occidental Petroleum Corp. |
3,779 | 296,160 | ||||||
| Peabody Energy Corp. |
1,305 | 27,601 | ||||||
| Phillips 66 |
5,189 | 363,074 | ||||||
| Pioneer Natural Resources Co. |
234 | 29,075 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Plains Exploration & Production Co.* |
341 | $ | 16,187 | |||||
| QEP Resources, Inc. |
292 | 9,297 | ||||||
| Rex Energy Corp.* |
246 | 4,054 | ||||||
| Rosetta Resources, Inc.* |
164 | 7,803 | ||||||
| SandRidge Energy, Inc.*(a) |
5,074 | 26,740 | ||||||
| Spectra Energy Corp. |
1,764 | 54,243 | ||||||
| Stone Energy Corp.* |
272 | 5,916 | ||||||
| Swift Energy Co.* |
111 | 1,644 | ||||||
| Tesoro Corp. |
798 | 46,723 | ||||||
| Valero Energy Corp. |
1,474 | 67,052 | ||||||
| W&T Offshore, Inc.(a) |
356 | 5,055 | ||||||
| Western Refining, Inc.(a) |
289 | 10,233 | ||||||
| Whiting Petroleum Corp.* |
433 | 22,014 | ||||||
| Williams Cos., Inc. (The) |
1,008 | 37,760 | ||||||
| World Fuel Services Corp. |
227 | 9,016 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 5,713,193 | |||||||
| Paper & Forest Products – 0.2% | ||||||||
| Buckeye Technologies, Inc. |
191 | 5,720 | ||||||
| Clearwater Paper Corp.* |
128 | 6,744 | ||||||
| International Paper Co. |
1,075 | 50,074 | ||||||
| KapStone Paper and Packaging Corp. |
319 | 8,868 | ||||||
| MeadWestvaco Corp. |
192 | 6,970 | ||||||
| PH Glatfelter Co. |
254 | 5,939 | ||||||
| Schweitzer-Mauduit International, Inc. |
80 | 3,098 | ||||||
|
|
|
|||||||
| Total Paper & Forest Products | 87,413 | |||||||
| Personal Products – 0.2% | ||||||||
| Avon Products, Inc. |
1,274 | 26,410 | ||||||
| Elizabeth Arden, Inc.* |
59 | 2,375 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
686 | 43,924 | ||||||
| Nu Skin Enterprises, Inc. Class A |
239 | 10,564 | ||||||
| Prestige Brands Holdings, Inc.* |
198 | 5,087 | ||||||
| Revlon, Inc. Class A* |
325 | 7,267 | ||||||
| USANA Health Sciences, Inc.*(a) |
74 | 3,576 | ||||||
|
|
|
|||||||
| Total Personal Products | 99,203 | |||||||
| Pharmaceuticals – 4.7% | ||||||||
| Abbott Laboratories |
4,870 | 172,008 | ||||||
| AbbVie, Inc. |
4,870 | 198,599 | ||||||
| Actavis, Inc.* |
101 | 9,303 | ||||||
| Akorn, Inc.* |
261 | 3,610 | ||||||
| Allergan, Inc. |
558 | 62,290 | ||||||
| Bristol-Myers Squibb Co. |
2,604 | 107,259 | ||||||
| Eli Lilly & Co. |
4,170 | 236,814 | ||||||
| Endo Pharmaceuticals Holdings, Inc.* |
317 | 9,751 | ||||||
| Forest Laboratories, Inc.* |
926 | 35,225 | ||||||
| Hi-Tech Pharmacal Co., Inc. |
58 | 1,920 | ||||||
| Hospira, Inc.* |
204 | 6,697 | ||||||
| Impax Laboratories, Inc.* |
279 | 4,308 | ||||||
| Johnson & Johnson |
7,683 | 626,395 | ||||||
| Medicines Co. (The)* |
171 | 5,715 | ||||||
| Merck & Co., Inc. |
7,311 | 323,366 | ||||||
| Mylan, Inc.* |
1,124 | 32,529 | ||||||
| Perrigo Co. |
199 | 23,627 | ||||||
| Pfizer, Inc. |
21,641 | 624,559 | ||||||
| Questcor Pharmaceuticals, Inc.(a) |
273 | $ | 8,883 | |||||
| Salix Pharmaceuticals Ltd.* |
62 | 3,173 | ||||||
| Viropharma, Inc.* |
253 | 6,365 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 2,502,396 | |||||||
| Professional Services – 0.2% | ||||||||
| Acacia Research Corp.* |
106 | 3,198 | ||||||
| Corporate Executive Board Co. (The) |
83 | 4,827 | ||||||
| Dun & Bradstreet Corp. (The)(a) |
129 | 10,791 | ||||||
| Equifax, Inc. |
273 | 15,722 | ||||||
| FTI Consulting, Inc.* |
132 | 4,971 | ||||||
| IHS, Inc. Class A* |
82 | 8,587 | ||||||
| Insperity, Inc. |
145 | 4,114 | ||||||
| Kelly Services, Inc. Class A |
177 | 3,306 | ||||||
| Korn/Ferry International* |
175 | 3,125 | ||||||
| Manpower, Inc. |
248 | 14,067 | ||||||
| Navigant Consulting, Inc.* |
228 | 2,996 | ||||||
| Pendrell Corp.* |
4,171 | 6,924 | ||||||
| Robert Half International, Inc. |
293 | 10,996 | ||||||
| Towers Watson & Co. Class A |
193 | 13,379 | ||||||
| Verisk Analytics, Inc. Class A* |
250 | 15,408 | ||||||
|
|
|
|||||||
| Total Professional Services | 122,411 | |||||||
| Real Estate Investment Trusts (REITs) – 0.9% | ||||||||
| Alexander’s, Inc. |
12 | 3,956 | ||||||
| Alexandria Real Estate Equities, Inc. |
72 | 5,110 | ||||||
| American Tower Corp. |
431 | 33,152 | ||||||
| AvalonBay Communities, Inc. |
85 | 10,767 | ||||||
| BioMed Realty Trust, Inc. |
93 | 2,009 | ||||||
| Boston Properties, Inc. |
130 | 13,138 | ||||||
| BRE Properties, Inc. |
31 | 1,509 | ||||||
| Camden Property Trust |
65 | 4,464 | ||||||
| CBL & Associates Properties, Inc. |
223 | 5,263 | ||||||
| Digital Realty Trust, Inc. |
93 | 6,223 | ||||||
| EPR Properties |
57 | 2,967 | ||||||
| Equity Lifestyle Properties, Inc. |
44 | 3,379 | ||||||
| Equity One, Inc. |
62 | 1,486 | ||||||
| Equity Residential |
146 | 8,039 | ||||||
| Essex Property Trust, Inc. |
24 | 3,614 | ||||||
| Extra Space Storage, Inc. |
69 | 2,710 | ||||||
| Federal Realty Investment Trust |
74 | 7,995 | ||||||
| Government Properties Income Trust |
119 | 3,062 | ||||||
| HCP, Inc. |
748 | 37,295 | ||||||
| Health Care REIT, Inc. |
88 | 5,976 | ||||||
| Home Properties, Inc. |
41 | 2,600 | ||||||
| Hospitality Properties Trust |
230 | 6,311 | ||||||
| Kimco Realty Corp. |
339 | 7,594 | ||||||
| Lexington Realty Trust |
765 | 9,027 | ||||||
| Liberty Property Trust |
204 | 8,109 | ||||||
| LTC Properties, Inc. |
110 | 4,480 | ||||||
| Macerich Co. (The) |
188 | 12,103 | ||||||
| Mack-Cali Realty Corp. |
146 | 4,177 | ||||||
| Medical Properties Trust, Inc. |
267 | 4,283 | ||||||
| National Health Investors, Inc. |
111 | 7,265 | ||||||
| National Retail Properties, Inc.(a) |
146 | 5,281 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Omega Healthcare Investors, Inc. |
211 | $ | 6,406 | |||||
| Piedmont Office Realty Trust, Inc. Class A |
213 | 4,173 | ||||||
| Plum Creek Timber Co., Inc. |
245 | 12,789 | ||||||
| Post Properties, Inc. |
56 | 2,638 | ||||||
| Potlatch Corp. |
114 | 5,228 | ||||||
| PS Business Parks, Inc. |
41 | 3,236 | ||||||
| Public Storage |
177 | 26,961 | ||||||
| Rayonier, Inc. |
271 | 16,171 | ||||||
| Realty Income Corp. |
170 | 7,709 | ||||||
| Select Income REIT |
141 | 3,729 | ||||||
| Senior Housing Properties Trust |
290 | 7,781 | ||||||
| Simon Property Group, Inc. |
442 | 70,083 | ||||||
| SL Green Realty Corp. |
138 | 11,883 | ||||||
| Taubman Centers, Inc. |
36 | 2,796 | ||||||
| Universal Health Realty Income Trust |
80 | 4,617 | ||||||
| Ventas, Inc. |
242 | 17,714 | ||||||
| Vornado Realty Trust |
226 | 18,903 | ||||||
| Weyerhaeuser Co. |
342 | 10,732 | ||||||
| WP Carey, Inc. |
71 | 4,785 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 471,678 | |||||||
| Real Estate Management & Development – 0.1% | ||||||||
| CBRE Group, Inc. Class A* |
613 | 15,478 | ||||||
| Howard Hughes Corp. (The)* |
88 | 7,376 | ||||||
| Jones Lang LaSalle, Inc. |
108 | 10,736 | ||||||
|
|
|
|||||||
| Total Real Estate Management & Development | 33,590 | |||||||
| Road & Rail – 1.0% | ||||||||
| AMERCO |
64 | 11,106 | ||||||
| Avis Budget Group, Inc.* |
206 | 5,733 | ||||||
| Con-way, Inc. |
115 | 4,049 | ||||||
| CSX Corp. |
4,545 | 111,943 | ||||||
| Genesee & Wyoming, Inc. Class A* |
51 | 4,749 | ||||||
| Heartland Express, Inc. |
186 | 2,481 | ||||||
| Hertz Global Holdings, Inc.* |
882 | 19,633 | ||||||
| JB Hunt Transport Services, Inc. |
284 | 21,152 | ||||||
| Kansas City Southern |
220 | 24,398 | ||||||
| Knight Transportation, Inc. |
152 | 2,447 | ||||||
| Landstar System, Inc. |
118 | 6,737 | ||||||
| Norfolk Southern Corp. |
1,375 | 105,985 | ||||||
| Old Dominion Freight Line, Inc.* |
220 | 8,404 | ||||||
| Quality Distribution, Inc.* |
438 | 3,684 | ||||||
| Ryder System, Inc. |
99 | 5,915 | ||||||
| Swift Transportation Co.* |
576 | 8,168 | ||||||
| Union Pacific Corp. |
1,465 | 208,631 | ||||||
| Werner Enterprises, Inc. |
156 | 3,766 | ||||||
|
|
|
|||||||
| Total Road & Rail | 558,981 | |||||||
| Semiconductors & Semiconductor Equipment – 2.3% | ||||||||
| Advanced Energy Industries, Inc.* |
251 | 4,593 | ||||||
| Altera Corp. |
875 | 31,036 | ||||||
| Amkor Technology, Inc.* |
1,531 | 6,124 | ||||||
| Analog Devices, Inc. |
821 | 38,168 | ||||||
| Applied Materials, Inc. |
5,327 | 71,808 | ||||||
| Atmel Corp.* |
938 | 6,529 | ||||||
| Broadcom Corp. Class A |
1,199 | $ | 41,569 | |||||
| Brooks Automation, Inc. |
513 | 5,222 | ||||||
| Cabot Microelectronics Corp.* |
51 | 1,772 | ||||||
| Cirrus Logic, Inc.* |
255 | 5,801 | ||||||
| Cree, Inc.* |
112 | 6,128 | ||||||
| Cymer, Inc.* |
48 | 4,613 | ||||||
| Cypress Semiconductor Corp.* |
322 | 3,552 | ||||||
| Diodes, Inc.* |
227 | 4,763 | ||||||
| Entegris, Inc.* |
795 | 7,839 | ||||||
| Entropic Communications, Inc.* |
421 | 1,714 | ||||||
| Fairchild Semiconductor International, Inc.* |
278 | 3,931 | ||||||
| GT Advanced Technologies, Inc.*(a) |
1,321 | 4,346 | ||||||
| Hittite Microwave Corp.* |
70 | 4,239 | ||||||
| Integrated Device Technology, Inc.* |
463 | 3,459 | ||||||
| Integrated Silicon Solution, Inc.* |
266 | 2,439 | ||||||
| Intel Corp. |
28,077 | 613,482 | ||||||
| Intersil Corp. Class A |
287 | 2,500 | ||||||
| KLA-Tencor Corp. |
707 | 37,287 | ||||||
| Kulicke & Soffa Industries, Inc.* |
522 | 6,034 | ||||||
| Lam Research Corp.* |
322 | 13,350 | ||||||
| Lattice Semiconductor Corp.* |
379 | 2,066 | ||||||
| Linear Technology Corp. |
614 | 23,559 | ||||||
| LSI Corp.* |
1,001 | 6,787 | ||||||
| Maxim Integrated Products, Inc. |
620 | 20,243 | ||||||
| Microchip Technology, Inc. |
526 | 19,336 | ||||||
| MKS Instruments, Inc. |
281 | 7,643 | ||||||
| Nanometrics, Inc.* |
138 | 1,991 | ||||||
| NVIDIA Corp. |
1,677 | 21,499 | ||||||
| Omnivision Technologies, Inc.* |
192 | 2,646 | ||||||
| ON Semiconductor Corp.* |
358 | 2,964 | ||||||
| Semtech Corp.* |
174 | 6,158 | ||||||
| Silicon Laboratories, Inc.* |
54 | 2,233 | ||||||
| Skyworks Solutions, Inc.* |
510 | 11,235 | ||||||
| Teradyne, Inc.* |
967 | 15,685 | ||||||
| Texas Instruments, Inc. |
2,913 | 103,353 | ||||||
| Ultratech, Inc.* |
72 | 2,846 | ||||||
| Veeco Instruments, Inc.*(a) |
196 | 7,513 | ||||||
| Xilinx, Inc. |
740 | 28,246 | ||||||
|
|
|
|||||||
| Total Semiconductors & Semiconductor Equipment | 1,218,301 | |||||||
| Software – 3.8% | ||||||||
| ACI Worldwide, Inc.* |
101 | 4,935 | ||||||
| Activision Blizzard, Inc. |
3,529 | 51,417 | ||||||
| Adobe Systems, Inc.* |
1,065 | 46,338 | ||||||
| ANSYS, Inc.* |
168 | 13,678 | ||||||
| Autodesk, Inc.* |
348 | 14,351 | ||||||
| BMC Software, Inc.* |
421 | 19,505 | ||||||
| CA, Inc. |
1,986 | 49,988 | ||||||
| Cadence Design Systems, Inc.* |
476 | 6,631 | ||||||
| Citrix Systems, Inc.* |
235 | 16,958 | ||||||
| Compuware Corp.* |
384 | 4,800 | ||||||
| Ebix, Inc.(a) |
151 | 2,449 | ||||||
| Factset Research Systems, Inc. |
91 | 8,427 | ||||||
| Fair Isaac Corp. |
127 | 5,803 | ||||||
| Fortinet, Inc.* |
98 | 2,321 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Informatica Corp.* |
133 | $ | 4,584 | |||||
| Intuit, Inc. |
572 | 37,552 | ||||||
| Manhattan Associates, Inc.* |
46 | 3,417 | ||||||
| Mentor Graphics Corp. |
253 | 4,567 | ||||||
| MICROS Systems, Inc.* |
192 | 8,738 | ||||||
| Microsoft Corp. |
38,865 | 1,111,928 | ||||||
| MicroStrategy, Inc. Class A* |
25 | 2,527 | ||||||
| Nuance Communications, Inc.*(a) |
154 | 3,108 | ||||||
| Oracle Corp. |
14,577 | 471,420 | ||||||
| Progress Software Corp.* |
228 | 5,194 | ||||||
| Red Hat, Inc.* |
102 | 5,157 | ||||||
| SolarWinds, Inc.* |
75 | 4,432 | ||||||
| Solera Holdings, Inc. |
127 | 7,408 | ||||||
| SS&C Technologies Holdings, Inc.* |
127 | 3,807 | ||||||
| Symantec Corp.* |
2,158 | 53,259 | ||||||
| Synopsys, Inc.* |
343 | 12,307 | ||||||
| TeleNav, Inc.* |
326 | 2,103 | ||||||
| TIBCO Software, Inc.* |
167 | 3,377 | ||||||
| Tyler Technologies, Inc.* |
59 | 3,614 | ||||||
| VMware, Inc. Class A* |
365 | 28,791 | ||||||
|
|
|
|||||||
| Total Software | 2,024,891 | |||||||
| Specialty Retail – 2.2% | ||||||||
| Aaron’s, Inc. |
222 | 6,367 | ||||||
| Abercrombie & Fitch Co. Class A |
170 | 7,854 | ||||||
| Advance Auto Parts, Inc. |
245 | 20,249 | ||||||
| Aeropostale, Inc.* |
340 | 4,624 | ||||||
| American Eagle Outfitters, Inc. |
526 | 9,836 | ||||||
| ANN, Inc.* |
154 | 4,469 | ||||||
| Asbury Automotive Group, Inc.* |
126 | 4,623 | ||||||
| Ascena Retail Group, Inc.* |
487 | 9,034 | ||||||
| AutoNation, Inc.* |
362 | 15,838 | ||||||
| AutoZone, Inc.* |
127 | 50,390 | ||||||
| Bed Bath & Beyond, Inc.* |
805 | 51,858 | ||||||
| Buckle, Inc. (The)(a) |
204 | 9,517 | ||||||
| Cabela’s, Inc.* |
148 | 8,995 | ||||||
| CarMax, Inc.* |
568 | 23,686 | ||||||
| Cato Corp. (The) Class A |
102 | 2,462 | ||||||
| Chico’s FAS, Inc. |
553 | 9,290 | ||||||
| Children’s Place Retail Stores, Inc. (The)* |
82 | 3,675 | ||||||
| Destination XL Group, Inc.* |
773 | 3,935 | ||||||
| Dick’s Sporting Goods, Inc. |
299 | 14,143 | ||||||
| DSW, Inc. Class A |
119 | 7,592 | ||||||
| Express, Inc.* |
515 | 9,172 | ||||||
| Finish Line, Inc. (The) Class A |
211 | 4,134 | ||||||
| Foot Locker, Inc. |
484 | 16,572 | ||||||
| GameStop Corp. Class A(a) |
624 | 17,453 | ||||||
| Gap, Inc. (The) |
1,344 | 47,578 | ||||||
| Genesco, Inc.* |
54 | 3,245 | ||||||
| GNC Holdings, Inc. Class A |
305 | 11,980 | ||||||
| Group 1 Automotive, Inc. |
51 | 3,064 | ||||||
| Guess?, Inc. |
423 | 10,503 | ||||||
| hhgregg, Inc.*(a) |
148 | 1,635 | ||||||
| Hibbett Sports, Inc.* |
55 | 3,095 | ||||||
| Home Depot, Inc. (The) |
3,555 | 248,068 | ||||||
| Jos. A. Bank Clothiers, Inc.* |
99 | $ | 3,950 | |||||
| L Brands, Inc. |
678 | 30,279 | ||||||
| Lithia Motors, Inc. Class A |
101 | 4,795 | ||||||
| Lowe’s Cos., Inc. |
2,684 | 101,777 | ||||||
| Lumber Liquidators Holdings, Inc.*(a) |
78 | 5,477 | ||||||
| Mattress Firm Holding Corp.*(a) |
112 | 3,868 | ||||||
| Men’s Wearhouse, Inc. (The) |
147 | 4,913 | ||||||
| Monro Muffler Brake, Inc.(a) |
56 | 2,224 | ||||||
| O’Reilly Automotive, Inc.* |
306 | 31,380 | ||||||
| Penske Automotive Group, Inc. |
386 | 12,877 | ||||||
| PetSmart, Inc. |
267 | 16,581 | ||||||
| Pier 1 Imports, Inc. |
537 | 12,351 | ||||||
| Rent-A-Center, Inc. |
205 | 7,573 | ||||||
| Ross Stores, Inc. |
553 | 33,523 | ||||||
| rue21, Inc.* |
83 | 2,439 | ||||||
| Sally Beauty Holdings, Inc.* |
493 | 14,484 | ||||||
| Select Comfort Corp.* |
224 | 4,428 | ||||||
| Sonic Automotive, Inc. Class A |
323 | 7,158 | ||||||
| Stage Stores, Inc. |
98 | 2,536 | ||||||
| Staples, Inc. |
3,567 | 47,905 | ||||||
| Systemax, Inc. |
300 | 2,970 | ||||||
| Tiffany & Co. |
353 | 24,548 | ||||||
| TJX Cos., Inc. (The) |
1,994 | 93,220 | ||||||
| Tractor Supply Co. |
133 | 13,849 | ||||||
| Ulta Salon Cosmetics & Fragrance, Inc.* |
50 | 4,059 | ||||||
| Urban Outfitters, Inc.* |
254 | 9,840 | ||||||
| Vitamin Shoppe, Inc.* |
53 | 2,589 | ||||||
| Williams-Sonoma, Inc. |
254 | 13,086 | ||||||
|
|
|
|||||||
| Total Specialty Retail | 1,159,615 | |||||||
| Textiles, Apparel & Luxury Goods – 0.7% | ||||||||
| Carter’s, Inc.* |
134 | 7,674 | ||||||
| Coach, Inc. |
841 | 42,042 | ||||||
| Columbia Sportswear Co.(a) |
132 | 7,640 | ||||||
| Crocs, Inc.* |
515 | 7,632 | ||||||
| Deckers Outdoor Corp.*(a) |
215 | 11,973 | ||||||
| Fossil, Inc.* |
166 | 16,036 | ||||||
| G-III Apparel Group Ltd.* |
102 | 4,091 | ||||||
| Hanesbrands, Inc.* |
294 | 13,395 | ||||||
| Iconix Brand Group, Inc.* |
305 | 7,890 | ||||||
| Jones Group, Inc. (The) |
253 | 3,218 | ||||||
| Maidenform Brands, Inc.* |
119 | 2,086 | ||||||
| NIKE, Inc. Class B |
2,146 | 126,635 | ||||||
| PVH Corp. |
173 | 18,478 | ||||||
| Quiksilver, Inc.* |
710 | 4,310 | ||||||
| Ralph Lauren Corp. |
208 | 35,216 | ||||||
| Steven Madden Ltd.* |
172 | 7,420 | ||||||
| True Religion Apparel, Inc. |
61 | 1,593 | ||||||
| Under Armour, Inc. Class A* |
118 | 6,042 | ||||||
| Vera Bradley, Inc.*(a) |
60 | 1,418 | ||||||
| VF Corp. |
300 | 50,325 | ||||||
| Wolverine World Wide, Inc. |
183 | 8,120 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 383,234 | |||||||
See Notes to Financial Statements.
| 26 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Total Earnings Fund (EXT)
March 31, 2013
| Investments | Shares | Value | ||||||
| Thrifts & Mortgage Finance – 0.2% | ||||||||
| Astoria Financial Corp. |
205 | $ | 2,021 | |||||
| BankUnited, Inc. |
311 | 7,968 | ||||||
| Capitol Federal Financial, Inc. |
184 | 2,221 | ||||||
| Dime Community Bancshares, Inc. |
135 | 1,939 | ||||||
| EverBank Financial Corp.(a) |
228 | 3,511 | ||||||
| Flagstar Bancorp, Inc.* |
175 | 2,438 | ||||||
| Flushing Financial Corp. |
183 | 3,100 | ||||||
| HomeStreet, Inc.* |
135 | 3,016 | ||||||
| Nationstar Mortgage Holdings, Inc.*(a) |
218 | 8,044 | ||||||
| New York Community Bancorp, Inc.(a) |
1,800 | 25,830 | ||||||
| Northwest Bancshares, Inc. |
324 | 4,111 | ||||||
| Ocwen Financial Corp.* |
206 | 7,811 | ||||||
| People’s United Financial, Inc. |
818 | 10,994 | ||||||
| Provident Financial Services, Inc. |
185 | 2,825 | ||||||
| TFS Financial Corp.* |
247 | 2,675 | ||||||
| Walker & Dunlop, Inc.* |
146 | 2,624 | ||||||
| Washington Federal, Inc. |
498 | 8,715 | ||||||
|
|
|
|||||||
| Total Thrifts & Mortgage Finance | 99,843 | |||||||
| Tobacco – 1.5% | ||||||||
| Altria Group, Inc. |
5,888 | 202,488 | ||||||
| Lorillard, Inc. |
1,350 | 54,473 | ||||||
| Philip Morris International, Inc. |
5,021 | 465,497 | ||||||
| Reynolds American, Inc. |
1,729 | 76,923 | ||||||
| Universal Corp. |
136 | 7,621 | ||||||
| Vector Group Ltd.(a) |
164 | 2,644 | ||||||
|
|
|
|||||||
| Total Tobacco | 809,646 | |||||||
| Trading Companies & Distributors – 0.3% | ||||||||
| Air Lease Corp. |
188 | 5,512 | ||||||
| Applied Industrial Technologies, Inc. |
221 | 9,945 | ||||||
| Beacon Roofing Supply, Inc.* |
91 | 3,518 | ||||||
| CAI International, Inc.* |
145 | 4,179 | ||||||
| DXP Enterprises, Inc.* |
54 | 4,034 | ||||||
| Fastenal Co. |
397 | 20,386 | ||||||
| GATX Corp. |
129 | 6,704 | ||||||
| Kaman Corp. |
95 | 3,370 | ||||||
| MRC Global, Inc.* |
199 | 6,553 | ||||||
| MSC Industrial Direct Co., Inc. Class A |
162 | 13,896 | ||||||
| Rush Enterprises, Inc. Class A* |
173 | 4,173 | ||||||
| TAL International Group, Inc. |
206 | 9,334 | ||||||
| Titan Machinery, Inc.*(a) |
101 | 2,803 | ||||||
| W.W. Grainger, Inc. |
154 | 34,647 | ||||||
| Watsco, Inc. |
89 | 7,492 | ||||||
| WESCO International, Inc.*(a) |
145 | 10,528 | ||||||
|
|
|
|||||||
| Total Trading Companies & Distributors | 147,074 | |||||||
| Transportation Infrastructure – 0.0% | ||||||||
| Wesco Aircraft Holdings, Inc.* |
320 | 4,710 | ||||||
| Water Utilities – 0.1% | ||||||||
| American States Water Co. |
96 | 5,527 | ||||||
| American Water Works Co., Inc. |
437 | 18,109 | ||||||
| Aqua America, Inc. |
225 | 7,074 | ||||||
| California Water Service Group |
127 | 2,527 | ||||||
|
|
|
|||||||
| Total Water Utilities | 33,237 | |||||||
| Wireless Telecommunication Services – 0.1% | ||||||||
| Crown Castle International Corp.* |
167 | $ | 11,630 | |||||
| MetroPCS Communications, Inc.* |
1,909 | 20,808 | ||||||
| NTELOS Holdings Corp. |
100 | 1,281 | ||||||
| Telephone & Data Systems, Inc. |
367 | 7,733 | ||||||
| United States Cellular Corp.* |
164 | 5,904 | ||||||
| USA Mobility, Inc. |
341 | 4,525 | ||||||
|
|
|
|||||||
| Total Wireless Telecommunication Services | 51,881 | |||||||
| TOTAL COMMON STOCKS (Cost: $43,152,921) |
53,262,538 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 1.3% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund 0.09%(b) |
||||||||
| (Cost: $694,758)(c) | 694,758 | 694,758 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 101.2% (Cost: $43,847,679) |
53,957,296 | |||||||
| Liabilities in Excess of Other Assets – (1.2)% |
(628,402 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 53,328,894 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (c) | At March 31, 2013, the total market value of the Fund’s securities on loan was $715,696 and the total market value of the collateral held by the Fund was $732,914 (includes non-cash U.S. Treasury securities collateral having a value of $38,156). |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 27 |
Table of Contents
Schedule of Investments
WisdomTree Earnings 500 Fund (EPS)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 100.8% | ||||||||
| COMMON STOCKS – 99.6% | ||||||||
| Aerospace & Defense – 2.9% | ||||||||
| B/E Aerospace, Inc.* |
289 | $ | 17,424 | |||||
| Boeing Co. (The) |
4,385 | 376,452 | ||||||
| General Dynamics Corp. |
2,217 | 156,321 | ||||||
| Honeywell International, Inc. |
2,851 | 214,823 | ||||||
| L-3 Communications Holdings, Inc. |
814 | 65,869 | ||||||
| Lockheed Martin Corp. |
2,309 | 222,865 | ||||||
| Northrop Grumman Corp. |
1,843 | 129,286 | ||||||
| Precision Castparts Corp. |
483 | 91,586 | ||||||
| Raytheon Co. |
2,143 | 125,987 | ||||||
| Rockwell Collins, Inc. |
638 | 40,271 | ||||||
| Textron, Inc. |
1,058 | 31,539 | ||||||
| TransDigm Group, Inc. |
148 | 22,632 | ||||||
| United Technologies Corp. |
4,108 | 383,810 | ||||||
|
|
|
|||||||
| Total Aerospace & Defense | 1,878,865 | |||||||
| Air Freight & Logistics – 0.7% | ||||||||
| C.H. Robinson Worldwide, Inc. |
475 | 28,243 | ||||||
| Expeditors International of Washington, Inc. |
627 | 22,390 | ||||||
| FedEx Corp. |
1,474 | 144,747 | ||||||
| United Parcel Service, Inc. Class B |
3,205 | 275,310 | ||||||
|
|
|
|||||||
| Total Air Freight & Logistics | 470,690 | |||||||
| Airlines – 0.2% | ||||||||
| Delta Air Lines, Inc.* |
6,198 | 102,329 | ||||||
| Southwest Airlines Co. |
3,154 | 42,516 | ||||||
|
|
|
|||||||
| Total Airlines | 144,845 | |||||||
| Auto Components – 0.3% | ||||||||
| BorgWarner, Inc.* |
570 | 44,084 | ||||||
| Johnson Controls, Inc. |
2,675 | 93,812 | ||||||
| TRW Automotive Holdings Corp.* |
1,312 | 72,160 | ||||||
|
|
|
|||||||
| Total Auto Components | 210,056 | |||||||
| Automobiles – 1.1% | ||||||||
| Ford Motor Co. |
30,178 | 396,841 | ||||||
| General Motors Co.* |
10,269 | 285,683 | ||||||
| Harley-Davidson, Inc. |
820 | 43,706 | ||||||
|
|
|
|||||||
| Total Automobiles | 726,230 | |||||||
| Beverages – 2.1% | ||||||||
| Beam, Inc. |
413 | 26,242 | ||||||
| Brown-Forman Corp. Class B |
599 | 42,769 | ||||||
| Coca-Cola Co. (The) |
16,155 | 653,308 | ||||||
| Coca-Cola Enterprises, Inc. |
1,544 | 57,004 | ||||||
| Constellation Brands, Inc. Class A* |
895 | 42,638 | ||||||
| Dr. Pepper Snapple Group, Inc. |
937 | 43,992 | ||||||
| Molson Coors Brewing Co. Class B |
953 | 46,630 | ||||||
| Monster Beverage Corp.* |
425 | 20,290 | ||||||
| PepsiCo, Inc. |
5,907 | 467,303 | ||||||
|
|
|
|||||||
| Total Beverages | 1,400,176 | |||||||
| Biotechnology – 1.4% | ||||||||
| Alexion Pharmaceuticals, Inc.* |
157 | 14,466 | ||||||
| Amgen, Inc. |
3,485 | 357,247 | ||||||
| Biogen Idec, Inc.* |
638 | $ | 123,077 | |||||
| Celgene Corp.* |
1,424 | 165,056 | ||||||
| Gilead Sciences, Inc.* |
4,779 | 233,836 | ||||||
| Onyx Pharmaceuticals, Inc.* |
38 | 3,377 | ||||||
| Regeneron Pharmaceuticals, Inc.* |
85 | 14,994 | ||||||
| Vertex Pharmaceuticals, Inc.* |
185 | 10,171 | ||||||
|
|
|
|||||||
| Total Biotechnology | 922,224 | |||||||
| Capital Markets – 2.3% | ||||||||
| Affiliated Managers Group, Inc.* |
111 | 17,046 | ||||||
| Ameriprise Financial, Inc. |
913 | 67,243 | ||||||
| Bank of New York Mellon Corp. (The) |
6,469 | 181,067 | ||||||
| BlackRock, Inc. |
788 | 202,421 | ||||||
| Charles Schwab Corp. (The) |
4,213 | 74,528 | ||||||
| Franklin Resources, Inc. |
1,034 | 155,938 | ||||||
| Goldman Sachs Group, Inc. (The) |
2,947 | 433,651 | ||||||
| Morgan Stanley |
963 | 21,167 | ||||||
| Northern Trust Corp. |
951 | 51,887 | ||||||
| Raymond James Financial, Inc. |
493 | 22,727 | ||||||
| State Street Corp. |
2,952 | 174,434 | ||||||
| T. Rowe Price Group, Inc. |
867 | 64,912 | ||||||
| TD Ameritrade Holding Corp. |
2,584 | 53,282 | ||||||
|
|
|
|||||||
| Total Capital Markets | 1,520,303 | |||||||
| Chemicals – 2.1% | ||||||||
| Air Products & Chemicals, Inc. |
753 | 65,601 | ||||||
| Airgas, Inc. |
227 | 22,509 | ||||||
| Albemarle Corp. |
393 | 24,570 | ||||||
| Ashland, Inc. |
87 | 6,464 | ||||||
| Axiall Corp. |
219 | 13,613 | ||||||
| Celanese Corp. Series A |
917 | 40,394 | ||||||
| CF Industries Holdings, Inc. |
610 | 116,126 | ||||||
| Dow Chemical Co. (The) |
3,267 | 104,021 | ||||||
| E.I. du Pont de Nemours & Co. |
4,089 | 201,015 | ||||||
| Eastman Chemical Co. |
630 | 44,018 | ||||||
| Ecolab, Inc. |
520 | 41,694 | ||||||
| FMC Corp. |
470 | 26,804 | ||||||
| International Flavors & Fragrances, Inc. |
274 | 21,008 | ||||||
| Monsanto Co. |
1,583 | 167,212 | ||||||
| Mosaic Co. (The) |
2,272 | 135,434 | ||||||
| PPG Industries, Inc. |
537 | 71,926 | ||||||
| Praxair, Inc. |
1,054 | 117,563 | ||||||
| Sherwin-Williams Co. (The) |
271 | 45,769 | ||||||
| Sigma-Aldrich Corp. |
442 | 34,335 | ||||||
| Valspar Corp. |
301 | 18,737 | ||||||
| W.R. Grace & Co.* |
291 | 22,556 | ||||||
| Westlake Chemical Corp. |
251 | 23,469 | ||||||
|
|
|
|||||||
| Total Chemicals | 1,364,838 | |||||||
| Commercial Banks – 3.7% | ||||||||
| BB&T Corp. |
4,056 | 127,318 | ||||||
| Comerica, Inc. |
1,108 | 39,832 | ||||||
| Fifth Third Bancorp |
6,541 | 106,684 | ||||||
| Huntington Bancshares, Inc. |
6,079 | 44,924 | ||||||
| KeyCorp |
6,099 | 60,746 | ||||||
| M&T Bank Corp. |
556 | 57,357 | ||||||
See Notes to Financial Statements.
| 28 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2013
| Investments | Shares | Value | ||||||
| PNC Financial Services Group, Inc. |
3,009 | $ | 200,098 | |||||
| Regions Financial Corp. |
8,521 | 69,787 | ||||||
| SunTrust Banks, Inc. |
4,091 | 117,862 | ||||||
| U.S. Bancorp |
11,038 | 374,519 | ||||||
| Wells Fargo & Co. |
33,417 | 1,236,095 | ||||||
|
|
|
|||||||
| Total Commercial Banks | 2,435,222 | |||||||
| Commercial Services & Supplies – 0.3% | ||||||||
| Cintas Corp. |
478 | 21,094 | ||||||
| Iron Mountain, Inc. |
536 | 19,462 | ||||||
| Republic Services, Inc. |
1,400 | 46,200 | ||||||
| Stericycle, Inc.* |
187 | 19,856 | ||||||
| Waste Management, Inc. |
1,912 | 74,969 | ||||||
|
|
|
|||||||
| Total Commercial Services & Supplies | 181,581 | |||||||
| Communications Equipment – 1.6% | ||||||||
| Cisco Systems, Inc. |
27,388 | 572,683 | ||||||
| F5 Networks, Inc.* |
190 | 16,925 | ||||||
| Harris Corp. |
753 | 34,894 | ||||||
| Juniper Networks, Inc.* |
696 | 12,904 | ||||||
| Motorola Solutions, Inc. |
927 | 59,356 | ||||||
| QUALCOMM, Inc. |
5,612 | 375,723 | ||||||
|
|
|
|||||||
| Total Communications Equipment | 1,072,485 | |||||||
| Computers & Peripherals – 5.5% | ||||||||
| Apple, Inc. |
5,507 | 2,437,563 | ||||||
| Dell, Inc. |
19,872 | 284,766 | ||||||
| EMC Corp.* |
7,135 | 170,455 | ||||||
| Hewlett-Packard Co. |
18,889 | 450,314 | ||||||
| NetApp, Inc.* |
1,105 | 37,747 | ||||||
| SanDisk Corp.* |
750 | 41,250 | ||||||
| Western Digital Corp. |
3,171 | 159,438 | ||||||
|
|
|
|||||||
| Total Computers & Peripherals | 3,581,533 | |||||||
| Construction & Engineering – 0.2% | ||||||||
| Fluor Corp. |
720 | 47,758 | ||||||
| Jacobs Engineering Group, Inc.* |
520 | 29,245 | ||||||
| Quanta Services, Inc.* |
668 | 19,091 | ||||||
|
|
|
|||||||
| Total Construction & Engineering | 96,094 | |||||||
| Consumer Finance – 1.3% | ||||||||
| American Express Co. |
6,030 | 406,784 | ||||||
| Capital One Financial Corp. |
3,286 | 180,566 | ||||||
| Discover Financial Services |
4,027 | 180,571 | ||||||
| SLM Corp. |
4,480 | 91,750 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 859,671 | |||||||
| Containers & Packaging – 0.1% | ||||||||
| Ball Corp. |
669 | 31,831 | ||||||
| Crown Holdings, Inc.* |
1,023 | 42,567 | ||||||
|
|
|
|||||||
| Total Containers & Packaging | 74,398 | |||||||
| Distributors – 0.1% | ||||||||
| Genuine Parts Co. |
650 | 50,700 | ||||||
| LKQ Corp.* |
742 | 16,146 | ||||||
|
|
|
|||||||
| Total Distributors | 66,846 | |||||||
| Diversified Consumer Services – 0.1% | ||||||||
| H&R Block, Inc. |
1,398 | 41,129 | ||||||
| Diversified Financial Services – 4.2% | ||||||||
| Bank of America Corp. |
39,464 | $ | 480,672 | |||||
| Citigroup, Inc. |
14,730 | 651,655 | ||||||
| CME Group, Inc. |
1,934 | 118,728 | ||||||
| IntercontinentalExchange, Inc.* |
291 | 47,453 | ||||||
| JPMorgan Chase & Co. |
27,486 | 1,304,486 | ||||||
| Leucadia National Corp. |
767 | 21,039 | ||||||
| Moody’s Corp. |
867 | 46,228 | ||||||
| NYSE Euronext |
1,433 | 55,371 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 2,725,632 | |||||||
| Diversified Telecommunication Services – 1.7% | ||||||||
| AT&T, Inc. |
16,283 | 597,423 | ||||||
| CenturyLink, Inc. |
983 | 34,533 | ||||||
| Frontier Communications Corp.(a) |
1,764 | 7,021 | ||||||
| Verizon Communications, Inc. |
9,826 | 482,948 | ||||||
| Windstream Corp. |
1,218 | 9,683 | ||||||
|
|
|
|||||||
| Total Diversified Telecommunication Services | 1,131,608 | |||||||
| Electric Utilities – 1.4% | ||||||||
| American Electric Power Co., Inc. |
1,047 | 50,916 | ||||||
| Duke Energy Corp. |
1,527 | 110,845 | ||||||
| Entergy Corp. |
776 | 49,074 | ||||||
| Exelon Corp. |
3,273 | 112,853 | ||||||
| FirstEnergy Corp. |
1,954 | 82,459 | ||||||
| NextEra Energy, Inc. |
1,893 | 147,048 | ||||||
| Northeast Utilities |
840 | 36,507 | ||||||
| Pinnacle West Capital Corp. |
429 | 24,835 | ||||||
| PPL Corp. |
4,275 | 133,850 | ||||||
| Southern Co. (The) |
3,295 | 154,601 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 902,988 | |||||||
| Electrical Equipment – 0.5% | ||||||||
| AMETEK, Inc. |
801 | 34,731 | ||||||
| Emerson Electric Co. |
3,122 | 174,426 | ||||||
| Hubbell, Inc. Class B |
236 | 22,918 | ||||||
| Rockwell Automation, Inc. |
587 | 50,688 | ||||||
| Roper Industries, Inc. |
303 | 38,575 | ||||||
|
|
|
|||||||
| Total Electrical Equipment | 321,338 | |||||||
| Electronic Equipment, Instruments & Components – 0.3% | ||||||||
| Amphenol Corp. Class A |
585 | 43,670 | ||||||
| Corning, Inc. |
10,917 | 145,524 | ||||||
| Trimble Navigation Ltd.* |
382 | 11,445 | ||||||
|
|
|
|||||||
| Total Electronic Equipment, Instruments & Components | 200,639 | |||||||
| Energy Equipment & Services – 1.1% | ||||||||
| Baker Hughes, Inc. |
2,304 | 106,929 | ||||||
| Cameron International Corp.* |
851 | 55,485 | ||||||
| Diamond Offshore Drilling, Inc.(a) |
721 | 50,153 | ||||||
| FMC Technologies, Inc.* |
655 | 35,625 | ||||||
| Halliburton Co. |
6,151 | 248,562 | ||||||
| Helmerich & Payne, Inc. |
642 | 38,969 | ||||||
| National Oilwell Varco, Inc. |
2,414 | 170,791 | ||||||
| Oceaneering International, Inc. |
332 | 22,048 | ||||||
|
|
|
|||||||
| Total Energy Equipment & Services | 728,562 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Food & Staples Retailing – 3.1% | ||||||||
| Costco Wholesale Corp. |
1,196 | $ | 126,908 | |||||
| CVS Caremark Corp. |
5,526 | 303,875 | ||||||
| Kroger Co. (The) |
1,601 | 53,057 | ||||||
| Sysco Corp. |
2,472 | 86,940 | ||||||
| Walgreen Co. |
3,997 | 190,577 | ||||||
| Wal-Mart Stores, Inc. |
16,522 | 1,236,341 | ||||||
| Whole Foods Market, Inc. |
367 | 31,837 | ||||||
|
|
|
|||||||
| Total Food & Staples Retailing | 2,029,535 | |||||||
| Food Products – 1.7% | ||||||||
| Archer-Daniels-Midland Co. |
2,731 | 92,117 | ||||||
| Campbell Soup Co. |
1,475 | 66,906 | ||||||
| ConAgra Foods, Inc. |
1,649 | 59,051 | ||||||
| General Mills, Inc. |
2,637 | 130,030 | ||||||
| Green Mountain Coffee Roasters, Inc.*(a) |
528 | 29,969 | ||||||
| H.J. Heinz Co. |
1,084 | 78,341 | ||||||
| Hershey Co. (The) |
641 | 56,107 | ||||||
| Hormel Foods Corp. |
1,058 | 43,717 | ||||||
| Ingredion, Inc. |
404 | 29,217 | ||||||
| J.M. Smucker Co. (The) |
375 | 37,185 | ||||||
| Kellogg Co. |
1,301 | 83,823 | ||||||
| McCormick & Co., Inc. |
431 | 31,700 | ||||||
| Mead Johnson Nutrition Co. |
574 | 44,456 | ||||||
| Mondelez International, Inc. Class A |
8,706 | 266,491 | ||||||
| Tyson Foods, Inc. Class A |
1,826 | 45,321 | ||||||
|
|
|
|||||||
| Total Food Products | 1,094,431 | |||||||
| Gas Utilities – 0.0% | ||||||||
| ONEOK, Inc. |
522 | 24,884 | ||||||
| Health Care Equipment & Supplies – 1.6% | ||||||||
| Baxter International, Inc. |
2,336 | 169,687 | ||||||
| Becton Dickinson and Co. |
980 | 93,698 | ||||||
| Boston Scientific Corp.* |
4,570 | 35,692 | ||||||
| C.R. Bard, Inc. |
363 | 36,583 | ||||||
| CareFusion Corp.* |
882 | 30,861 | ||||||
| DENTSPLY International, Inc. |
489 | 20,743 | ||||||
| Edwards Lifesciences Corp.* |
197 | 16,186 | ||||||
| Hologic, Inc.* |
297 | 6,712 | ||||||
| IDEXX Laboratories, Inc.* |
118 | 10,902 | ||||||
| Intuitive Surgical, Inc.* |
84 | 41,260 | ||||||
| Medtronic, Inc. |
5,577 | 261,896 | ||||||
| ResMed, Inc.(a) |
439 | 20,352 | ||||||
| St. Jude Medical, Inc. |
1,541 | 62,318 | ||||||
| Stryker Corp. |
1,797 | 117,236 | ||||||
| Varian Medical Systems, Inc.* |
403 | 29,016 | ||||||
| Zimmer Holdings, Inc. |
860 | 64,689 | ||||||
|
|
|
|||||||
| Total Health Care Equipment & Supplies | 1,017,831 | |||||||
| Health Care Providers & Services – 2.5% | ||||||||
| Aetna, Inc. |
2,697 | 137,871 | ||||||
| AmerisourceBergen Corp. |
1,155 | 59,425 | ||||||
| Cardinal Health, Inc. |
1,735 | 72,211 | ||||||
| Cigna Corp. |
1,912 | 119,251 | ||||||
| Coventry Health Care, Inc. |
700 | 32,921 | ||||||
| DaVita HealthCare Partners, Inc.* |
371 | $ | 43,997 | |||||
| Express Scripts Holding Co.* |
1,425 | 82,151 | ||||||
| HCA Holdings, Inc. |
4,669 | 189,701 | ||||||
| Henry Schein, Inc.* |
325 | 30,079 | ||||||
| Humana, Inc. |
1,262 | 87,217 | ||||||
| Laboratory Corp. of America Holdings* |
460 | 41,492 | ||||||
| McKesson Corp. |
1,110 | 119,836 | ||||||
| Quest Diagnostics, Inc. |
779 | 43,974 | ||||||
| UnitedHealth Group, Inc. |
6,957 | 398,010 | ||||||
| WellPoint, Inc. |
2,845 | 188,424 | ||||||
|
|
|
|||||||
| Total Health Care Providers & Services | 1,646,560 | |||||||
| Health Care Technology – 0.1% | ||||||||
| Cerner Corp.* |
316 | 29,941 | ||||||
| Hotels, Restaurants & Leisure – 1.5% | ||||||||
| Burger King Worldwide, Inc.(a) |
353 | 6,742 | ||||||
| Chipotle Mexican Grill, Inc.* |
63 | 20,530 | ||||||
| Darden Restaurants, Inc. |
699 | 36,125 | ||||||
| Hyatt Hotels Corp. Class A* |
209 | 9,035 | ||||||
| Las Vegas Sands Corp. |
2,054 | 115,743 | ||||||
| Marriott International, Inc. Class A |
908 | 38,345 | ||||||
| McDonald’s Corp. |
4,151 | 413,813 | ||||||
| Panera Bread Co. Class A* |
72 | 11,897 | ||||||
| Starbucks Corp. |
1,795 | 102,243 | ||||||
| Starwood Hotels & Resorts Worldwide, Inc. |
730 | 46,523 | ||||||
| Wyndham Worldwide Corp. |
525 | 33,852 | ||||||
| Wynn Resorts Ltd. |
349 | 43,681 | ||||||
| Yum! Brands, Inc. |
1,565 | 112,586 | ||||||
|
|
|
|||||||
| Total Hotels, Restaurants & Leisure | 991,115 | |||||||
| Household Durables – 0.3% | ||||||||
| D.R. Horton, Inc. |
3,067 | 74,528 | ||||||
| Lennar Corp. Class A(a) |
911 | 37,788 | ||||||
| Mohawk Industries, Inc.* |
177 | 20,022 | ||||||
| Newell Rubbermaid, Inc. |
1,302 | 33,982 | ||||||
| PulteGroup, Inc.* |
562 | 11,375 | ||||||
| Toll Brothers, Inc.* |
172 | 5,889 | ||||||
| Whirlpool Corp. |
327 | 38,737 | ||||||
|
|
|
|||||||
| Total Household Durables | 222,321 | |||||||
| Household Products – 1.8% | ||||||||
| Church & Dwight Co., Inc. |
432 | 27,920 | ||||||
| Clorox Co. (The) |
494 | 43,734 | ||||||
| Colgate-Palmolive Co. |
1,623 | 191,563 | ||||||
| Energizer Holdings, Inc. |
267 | 26,628 | ||||||
| Kimberly-Clark Corp. |
1,566 | 153,437 | ||||||
| Procter & Gamble Co. (The) |
9,656 | 744,091 | ||||||
|
|
|
|||||||
| Total Household Products | 1,187,373 | |||||||
| Independent Power Producers & Energy Traders – 0.1% | ||||||||
| AES Corp. (The) |
4,659 | 58,564 | ||||||
| Calpine Corp.* |
307 | 6,324 | ||||||
|
|
|
|||||||
| Total Independent Power Producers & Energy Traders | 64,888 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Industrial Conglomerates – 2.4% | ||||||||
| 3M Co. |
3,335 | $ | 354,544 | |||||
| Danaher Corp. |
2,714 | 168,675 | ||||||
| General Electric Co. |
46,202 | 1,068,190 | ||||||
|
|
|
|||||||
| Total Industrial Conglomerates | 1,591,409 | |||||||
| Insurance – 4.3% | ||||||||
| Aflac, Inc. |
3,975 | 206,779 | ||||||
| Alleghany Corp.* |
81 | 32,069 | ||||||
| Allstate Corp. (The) |
4,369 | 214,387 | ||||||
| Berkshire Hathaway, Inc. Class B* |
9,634 | 1,003,863 | ||||||
| Chubb Corp. (The) |
1,679 | 146,963 | ||||||
| Cincinnati Financial Corp. |
590 | 27,842 | ||||||
| CNA Financial Corp. |
1,807 | 59,071 | ||||||
| Fidelity National Financial, Inc. Class A |
1,590 | 40,116 | ||||||
| Hartford Financial Services Group, Inc. |
3,002 | 77,452 | ||||||
| Lincoln National Corp. |
3,067 | 100,015 | ||||||
| Loews Corp. |
1,352 | 59,583 | ||||||
| Marsh & McLennan Cos., Inc. |
2,082 | 79,053 | ||||||
| MetLife, Inc. |
7,277 | 276,672 | ||||||
| Principal Financial Group, Inc. |
1,660 | 56,490 | ||||||
| Progressive Corp. (The) |
2,442 | 61,709 | ||||||
| Prudential Financial, Inc. |
1,171 | 69,077 | ||||||
| Torchmark Corp. |
697 | 41,681 | ||||||
| Travelers Cos., Inc. (The) |
2,548 | 214,516 | ||||||
| Unum Group |
711 | 20,086 | ||||||
| W.R. Berkley Corp. |
631 | 27,997 | ||||||
|
|
|
|||||||
| Total Insurance | 2,815,421 | |||||||
| Internet & Catalog Retail – 0.3% | ||||||||
| Expedia, Inc. |
435 | 26,104 | ||||||
| Liberty Interactive Corp. Class A* |
762 | 16,291 | ||||||
| priceline.com, Inc.* |
149 | 102,502 | ||||||
| TripAdvisor, Inc.* |
323 | 16,964 | ||||||
|
|
|
|||||||
| Total Internet & Catalog Retail | 161,861 | |||||||
| Internet Software & Services – 1.8% | ||||||||
| Akamai Technologies, Inc.* |
355 | 12,528 | ||||||
| eBay, Inc.* |
3,662 | 198,554 | ||||||
| Equinix, Inc.* |
36 | 7,787 | ||||||
| Facebook, Inc. Class A* |
707 | 18,085 | ||||||
| Google, Inc. Class A* |
1,018 | 808,322 | ||||||
| LinkedIn Corp. Class A* |
12 | 2,113 | ||||||
| Rackspace Hosting, Inc.* |
87 | 4,392 | ||||||
| VeriSign, Inc.* |
445 | 21,040 | ||||||
| Yahoo!, Inc.* |
3,521 | 82,849 | ||||||
|
|
|
|||||||
| Total Internet Software & Services | 1,155,670 | |||||||
| IT Services – 3.4% | ||||||||
| Alliance Data Systems Corp.*(a) |
186 | 30,112 | ||||||
| Automatic Data Processing, Inc. |
1,569 | 102,016 | ||||||
| Cognizant Technology Solutions Corp. Class A* |
950 | 72,779 | ||||||
| Fidelity National Information Services, Inc. |
1,096 | 43,424 | ||||||
| Fiserv, Inc.* |
489 | 42,949 | ||||||
| International Business Machines Corp. |
5,578 | 1,189,787 | ||||||
| Mastercard, Inc. Class A |
376 | 203,465 | ||||||
| Paychex, Inc. |
1,102 | $ | 38,647 | |||||
| Teradata Corp.* |
437 | 25,569 | ||||||
| Visa, Inc. Class A |
2,206 | 374,667 | ||||||
| Western Union Co. (The) |
6,234 | 93,759 | ||||||
|
|
|
|||||||
| Total IT Services | 2,217,174 | |||||||
| Leisure Equipment & Products – 0.2% | ||||||||
| Hasbro, Inc.(a) |
656 | 28,825 | ||||||
| Mattel, Inc. |
1,580 | 69,188 | ||||||
| Polaris Industries, Inc. |
230 | 21,273 | ||||||
|
|
|
|||||||
| Total Leisure Equipment & Products | 119,286 | |||||||
| Life Sciences Tools & Services – 0.4% | ||||||||
| Agilent Technologies, Inc. |
1,770 | 74,287 | ||||||
| Illumina, Inc.* |
105 | 5,670 | ||||||
| Life Technologies Corp.* |
520 | 33,607 | ||||||
| Mettler-Toledo International, Inc.* |
94 | 20,043 | ||||||
| Thermo Fisher Scientific, Inc. |
1,234 | 94,389 | ||||||
| Waters Corp.* |
349 | 32,774 | ||||||
|
|
|
|||||||
| Total Life Sciences Tools & Services | 260,770 | |||||||
| Machinery – 2.0% | ||||||||
| Caterpillar, Inc. |
4,717 | 410,237 | ||||||
| Cummins, Inc. |
1,125 | 130,286 | ||||||
| Deere & Co. |
2,523 | 216,928 | ||||||
| Donaldson Co., Inc. |
523 | 18,927 | ||||||
| Dover Corp. |
920 | 67,050 | ||||||
| Flowserve Corp. |
216 | 36,225 | ||||||
| Illinois Tool Works, Inc. |
2,211 | 134,738 | ||||||
| Joy Global, Inc. |
817 | 48,628 | ||||||
| PACCAR, Inc. |
1,814 | 91,716 | ||||||
| Pall Corp. |
358 | 24,476 | ||||||
| Parker Hannifin Corp. |
901 | 82,514 | ||||||
| Stanley Black & Decker, Inc. |
574 | 46,477 | ||||||
| Xylem, Inc. |
666 | 18,355 | ||||||
|
|
|
|||||||
| Total Machinery | 1,326,557 | |||||||
| Media – 4.4% | ||||||||
| CBS Corp. Class B |
2,981 | 139,183 | ||||||
| Comcast Corp. Class A |
8,300 | 348,683 | ||||||
| DIRECTV* |
3,674 | 207,985 | ||||||
| Discovery Communications, Inc. Class A* |
1,167 | 91,890 | ||||||
| DISH Network Corp. Class A |
2,285 | 86,601 | ||||||
| Interpublic Group of Cos., Inc. (The) |
2,406 | 31,350 | ||||||
| Liberty Media Corp.* |
967 | 107,946 | ||||||
| McGraw-Hill Cos., Inc. (The) |
969 | 50,465 | ||||||
| News Corp. Class A |
13,769 | 420,230 | ||||||
| Omnicom Group, Inc. |
1,283 | 75,569 | ||||||
| Scripps Networks Interactive, Inc. Class A |
641 | 41,242 | ||||||
| Sirius XM Radio, Inc.(a) |
78,776 | 242,630 | ||||||
| Starz – Liberty Capital* |
967 | 21,419 | ||||||
| Time Warner Cable, Inc. |
1,365 | 131,122 | ||||||
| Time Warner, Inc. |
4,014 | 231,287 | ||||||
| Viacom, Inc. Class B |
3,001 | 184,772 | ||||||
| Virgin Media, Inc. |
722 | 35,356 | ||||||
| Walt Disney Co. (The) |
7,590 | 431,112 | ||||||
|
|
|
|||||||
| Total Media | 2,878,842 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Metals & Mining – 0.4% | ||||||||
| Freeport-McMoRan Copper & Gold, Inc. |
6,086 | $ | 201,447 | |||||
| Newmont Mining Corp. |
561 | 23,500 | ||||||
| Nucor Corp. |
857 | 39,550 | ||||||
| Royal Gold, Inc. |
53 | 3,765 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 268,262 | |||||||
| Multiline Retail – 0.8% | ||||||||
| Dollar General Corp.* |
1,413 | 71,469 | ||||||
| Dollar Tree, Inc.* |
907 | 43,926 | ||||||
| Family Dollar Stores, Inc. |
422 | 24,919 | ||||||
| Kohl’s Corp. |
1,351 | 62,322 | ||||||
| Macy’s, Inc. |
2,308 | 96,567 | ||||||
| Nordstrom, Inc. |
913 | 50,425 | ||||||
| Target Corp. |
2,704 | 185,089 | ||||||
|
|
|
|||||||
| Total Multiline Retail | 534,717 | |||||||
| Multi-Utilities – 1.0% | ||||||||
| Alliant Energy Corp. |
472 | 23,685 | ||||||
| Ameren Corp. |
167 | 5,848 | ||||||
| CenterPoint Energy, Inc. |
1,974 | 47,297 | ||||||
| CMS Energy Corp. |
1,042 | 29,114 | ||||||
| Consolidated Edison, Inc. |
1,149 | 70,124 | ||||||
| Dominion Resources, Inc. |
254 | 14,778 | ||||||
| DTE Energy Co. |
658 | 44,968 | ||||||
| NiSource, Inc. |
736 | 21,594 | ||||||
| OGE Energy Corp. |
422 | 29,532 | ||||||
| PG&E Corp. |
1,725 | 76,814 | ||||||
| Public Service Enterprise Group, Inc. |
2,669 | 91,653 | ||||||
| SCANA Corp. |
565 | 28,905 | ||||||
| Sempra Energy |
803 | 64,192 | ||||||
| Wisconsin Energy Corp. |
1,005 | 43,104 | ||||||
| Xcel Energy, Inc. |
2,257 | 67,033 | ||||||
|
|
|
|||||||
| Total Multi-Utilities | 658,641 | |||||||
| Office Electronics – 0.2% | ||||||||
| Xerox Corp. |
11,537 | 99,218 | ||||||
| Oil, Gas & Consumable Fuels – 11.8% | ||||||||
| Anadarko Petroleum Corp. |
1,248 | 109,138 | ||||||
| Apache Corp. |
2,144 | 165,431 | ||||||
| Cabot Oil & Gas Corp. |
112 | 7,572 | ||||||
| Chevron Corp. |
14,631 | 1,738,455 | ||||||
| Cimarex Energy Co. |
491 | 37,041 | ||||||
| Concho Resources, Inc.* |
524 | 51,053 | ||||||
| ConocoPhillips |
7,026 | 422,263 | ||||||
| Consol Energy, Inc. |
733 | 24,665 | ||||||
| Continental Resources, Inc.* |
397 | 34,511 | ||||||
| Denbury Resources, Inc.* |
2,105 | 39,258 | ||||||
| Devon Energy Corp. |
864 | 48,747 | ||||||
| EOG Resources, Inc. |
561 | 71,847 | ||||||
| EQT Corp. |
328 | 22,222 | ||||||
| Exxon Mobil Corp. |
31,452 | 2,834,140 | ||||||
| Hess Corp. |
1,502 | 107,558 | ||||||
| HollyFrontier Corp. |
2,324 | 119,570 | ||||||
| Kinder Morgan, Inc. |
1,936 | 74,885 | ||||||
| Marathon Oil Corp. |
4,021 | $ | 135,588 | |||||
| Marathon Petroleum Corp. |
2,872 | 257,331 | ||||||
| Murphy Oil Corp. |
814 | 51,876 | ||||||
| Noble Energy, Inc. |
202 | 23,363 | ||||||
| Occidental Petroleum Corp. |
5,256 | 411,913 | ||||||
| Peabody Energy Corp. |
1,852 | 39,170 | ||||||
| Phillips 66 |
7,245 | 506,933 | ||||||
| Pioneer Natural Resources Co. |
354 | 43,985 | ||||||
| QEP Resources, Inc. |
392 | 12,481 | ||||||
| Spectra Energy Corp. |
2,465 | 75,799 | ||||||
| Tesoro Corp. |
938 | 54,920 | ||||||
| Valero Energy Corp. |
2,141 | 97,394 | ||||||
| Whiting Petroleum Corp.* |
647 | 32,893 | ||||||
| Williams Cos., Inc. (The) |
1,297 | 48,586 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 7,700,588 | |||||||
| Paper & Forest Products – 0.1% | ||||||||
| International Paper Co. |
1,150 | 53,567 | ||||||
| MeadWestvaco Corp. |
267 | 9,692 | ||||||
|
|
|
|||||||
| Total Paper & Forest Products | 63,259 | |||||||
| Personal Products – 0.2% | ||||||||
| Avon Products, Inc. |
1,637 | 33,935 | ||||||
| Estee Lauder Cos., Inc. (The) Class A |
1,014 | 64,926 | ||||||
|
|
|
|||||||
| Total Personal Products | 98,861 | |||||||
| Pharmaceuticals – 5.2% | ||||||||
| Abbott Laboratories |
6,866 | 242,507 | ||||||
| AbbVie, Inc. |
6,866 | 279,996 | ||||||
| Actavis, Inc.* |
131 | 12,066 | ||||||
| Allergan, Inc. |
801 | 89,416 | ||||||
| Bristol-Myers Squibb Co. |
3,733 | 153,762 | ||||||
| Eli Lilly & Co. |
5,563 | 315,923 | ||||||
| Forest Laboratories, Inc.* |
1,106 | 42,072 | ||||||
| Hospira, Inc.* |
193 | 6,336 | ||||||
| Johnson & Johnson |
10,731 | 874,899 | ||||||
| Merck & Co., Inc. |
10,205 | 451,367 | ||||||
| Mylan, Inc.* |
1,577 | 45,638 | ||||||
| Perrigo Co. |
281 | 33,363 | ||||||
| Pfizer, Inc. |
30,012 | 866,146 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 3,413,491 | |||||||
| Professional Services – 0.1% | ||||||||
| Equifax, Inc. |
375 | 21,596 | ||||||
| IHS, Inc. Class A* |
94 | 9,844 | ||||||
| Verisk Analytics, Inc. Class A* |
441 | 27,179 | ||||||
|
|
|
|||||||
| Total Professional Services | 58,619 | |||||||
| Real Estate Investment Trusts (REITs) – 0.8% | ||||||||
| American Tower Corp. |
638 | 49,075 | ||||||
| AvalonBay Communities, Inc. |
118 | 14,947 | ||||||
| Boston Properties, Inc. |
186 | 18,797 | ||||||
| Camden Property Trust |
94 | 6,456 | ||||||
| Digital Realty Trust, Inc. |
154 | 10,304 | ||||||
| Equity Residential |
225 | 12,388 | ||||||
| Essex Property Trust, Inc. |
31 | 4,668 | ||||||
| Federal Realty Investment Trust |
95 | 10,264 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| HCP, Inc. |
1,079 | $ | 53,799 | |||||
| Health Care REIT, Inc. |
146 | 9,915 | ||||||
| Kimco Realty Corp. |
371 | 8,310 | ||||||
| Macerich Co. (The) |
294 | 18,928 | ||||||
| Plum Creek Timber Co., Inc. |
318 | 16,600 | ||||||
| Prologis, Inc. |
74 | 2,958 | ||||||
| Public Storage |
249 | 37,928 | ||||||
| Rayonier, Inc. |
380 | 22,675 | ||||||
| Realty Income Corp. |
172 | 7,800 | ||||||
| Simon Property Group, Inc. |
652 | 103,381 | ||||||
| SL Green Realty Corp. |
137 | 11,797 | ||||||
| Taubman Centers, Inc. |
67 | 5,203 | ||||||
| Ventas, Inc. |
340 | 24,888 | ||||||
| Vornado Realty Trust |
303 | 25,343 | ||||||
| Weyerhaeuser Co. |
336 | 10,544 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 486,968 | |||||||
| Real Estate Management & Development – 0.0% | ||||||||
| CBRE Group, Inc. Class A* |
885 | 22,346 | ||||||
| Road & Rail – 1.1% | ||||||||
| CSX Corp. |
6,543 | 161,154 | ||||||
| Hertz Global Holdings, Inc.* |
1,318 | 29,339 | ||||||
| JB Hunt Transport Services, Inc. |
361 | 26,887 | ||||||
| Kansas City Southern |
313 | 34,712 | ||||||
| Norfolk Southern Corp. |
1,982 | 152,772 | ||||||
| Union Pacific Corp. |
2,090 | 297,637 | ||||||
|
|
|
|||||||
| Total Road & Rail | 702,501 | |||||||
| Semiconductors & Semiconductor Equipment – 2.2% | ||||||||
| Altera Corp. |
1,213 | 43,025 | ||||||
| Analog Devices, Inc. |
1,103 | 51,279 | ||||||
| Applied Materials, Inc. |
6,735 | 90,788 | ||||||
| Broadcom Corp. Class A |
1,665 | 57,726 | ||||||
| Intel Corp. |
39,159 | 855,624 | ||||||
| KLA-Tencor Corp. |
1,042 | 54,955 | ||||||
| Lam Research Corp.* |
226 | 9,370 | ||||||
| Linear Technology Corp. |
844 | 32,384 | ||||||
| Maxim Integrated Products, Inc. |
837 | 27,328 | ||||||
| Microchip Technology, Inc. |
669 | 24,592 | ||||||
| NVIDIA Corp. |
2,515 | 32,242 | ||||||
| Texas Instruments, Inc. |
3,674 | 130,354 | ||||||
| Xilinx, Inc. |
1,023 | 39,048 | ||||||
|
|
|
|||||||
| Total Semiconductors & Semiconductor Equipment | 1,448,715 | |||||||
| Software – 4.2% | ||||||||
| Activision Blizzard, Inc. |
5,132 | 74,773 | ||||||
| Adobe Systems, Inc.* |
1,421 | 61,828 | ||||||
| ANSYS, Inc.* |
205 | 16,691 | ||||||
| Autodesk, Inc.* |
545 | 22,476 | ||||||
| BMC Software, Inc.* |
599 | 27,752 | ||||||
| CA, Inc. |
2,831 | 71,256 | ||||||
| Citrix Systems, Inc.* |
347 | 25,040 | ||||||
| Intuit, Inc. |
834 | 54,752 | ||||||
| Microsoft Corp. |
54,917 | 1,571,175 | ||||||
| Nuance Communications, Inc.*(a) |
215 | 4,339 | ||||||
| Oracle Corp. |
20,313 | $ | 656,922 | |||||
| Red Hat, Inc.* |
214 | 10,820 | ||||||
| Symantec Corp.* |
3,037 | 74,953 | ||||||
| Synopsys, Inc.* |
393 | 14,101 | ||||||
| VMware, Inc. Class A* |
523 | 41,254 | ||||||
|
|
|
|||||||
| Total Software | 2,728,132 | |||||||
| Specialty Retail – 1.9% | ||||||||
| Advance Auto Parts, Inc. |
315 | 26,035 | ||||||
| AutoZone, Inc.* |
179 | 71,022 | ||||||
| Bed Bath & Beyond, Inc.* |
1,153 | 74,276 | ||||||
| CarMax, Inc.* |
842 | 35,111 | ||||||
| Dick’s Sporting Goods, Inc. |
422 | 19,961 | ||||||
| Foot Locker, Inc. |
679 | 23,249 | ||||||
| Gap, Inc. (The) |
1,543 | 54,622 | ||||||
| Home Depot, Inc. (The) |
4,833 | 337,247 | ||||||
| L Brands, Inc. |
902 | 40,283 | ||||||
| Lowe’s Cos., Inc. |
3,623 | 137,384 | ||||||
| O’Reilly Automotive, Inc.* |
429 | 43,994 | ||||||
| PetSmart, Inc. |
360 | 22,356 | ||||||
| Ross Stores, Inc. |
816 | 49,466 | ||||||
| Staples, Inc. |
5,139 | 69,017 | ||||||
| Tiffany & Co. |
505 | 35,118 | ||||||
| TJX Cos., Inc. (The) |
2,750 | 128,562 | ||||||
| Tractor Supply Co. |
200 | 20,826 | ||||||
| Ulta Salon Cosmetics & Fragrance, Inc.* |
95 | 7,711 | ||||||
| Urban Outfitters, Inc.* |
298 | 11,545 | ||||||
|
|
|
|||||||
| Total Specialty Retail | 1,207,785 | |||||||
| Textiles, Apparel & Luxury Goods – 0.6% | ||||||||
| Coach, Inc. |
1,214 | 60,688 | ||||||
| Fossil, Inc.* |
219 | 21,155 | ||||||
| NIKE, Inc. Class B |
3,034 | 179,036 | ||||||
| PVH Corp. |
221 | 23,605 | ||||||
| Ralph Lauren Corp. |
311 | 52,656 | ||||||
| Under Armour, Inc. Class A* |
141 | 7,219 | ||||||
| VF Corp. |
437 | 73,307 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 417,666 | |||||||
| Thrifts & Mortgage Finance – 0.1% | ||||||||
| New York Community Bancorp, Inc.(a) |
2,422 | 34,756 | ||||||
| Ocwen Financial Corp.* |
225 | 8,532 | ||||||
|
|
|
|||||||
| Total Thrifts & Mortgage Finance | 43,288 | |||||||
| Tobacco – 1.7% | ||||||||
| Altria Group, Inc. |
8,341 | 286,847 | ||||||
| Lorillard, Inc. |
1,916 | 77,311 | ||||||
| Philip Morris International, Inc. |
7,086 | 656,943 | ||||||
| Reynolds American, Inc. |
2,447 | 108,867 | ||||||
|
|
|
|||||||
| Total Tobacco | 1,129,968 | |||||||
| Trading Companies & Distributors – 0.1% | ||||||||
| Fastenal Co. |
621 | 31,888 | ||||||
| W.W. Grainger, Inc. |
229 | 51,521 | ||||||
|
|
|
|||||||
| Total Trading Companies & Distributors | 83,409 | |||||||
| Water Utilities – 0.0% | ||||||||
| American Water Works Co., Inc. |
663 | 27,475 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 33 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree Earnings 500 Fund (EPS)
March 31, 2013
| Investments | Shares | Value | ||||||
| Wireless Telecommunication Services – 0.0% | ||||||||
| Crown Castle International Corp.* |
234 | $ | 16,296 | |||||
| TOTAL COMMON STOCKS (Cost: $53,861,495) |
65,104,027 | |||||||
| EXCHANGE-TRADED FUNDS – 0.3% | ||||||||
| WisdomTree Equity Income Fund(b) (Cost: $149,738) | 3,293 | 168,569 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.9% | ||||||||
| Dreyfus Institutional Preferred Money Market
Fund, 0.09%(c) |
||||||||
| (Cost: $623,227)(d) | 623,227 | 623,227 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.8% (Cost: $54,634,460) |
65,895,823 | |||||||
| Liabilities in Excess of Other Assets – (0.8)% |
(542,307 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 65,353,516 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 8). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $471,847 and the total market value of the collateral held by the Fund was $623,227. |
See Notes to Financial Statements.
| 34 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 109.6% | ||||||||
| COMMON STOCKS – 99.5% | ||||||||
| Aerospace & Defense – 2.0% | ||||||||
| Alliant Techsystems, Inc. |
9,714 | $ | 703,585 | |||||
| Cubic Corp. |
3,850 | 164,472 | ||||||
| Curtiss-Wright Corp. |
5,226 | 181,342 | ||||||
| Esterline Technologies Corp.* |
3,650 | 276,305 | ||||||
| Exelis, Inc. |
54,031 | 588,398 | ||||||
| HEICO Corp. |
3,698 | 160,530 | ||||||
| Hexcel Corp.* |
11,560 | 335,356 | ||||||
| Huntington Ingalls Industries, Inc. |
9,397 | 501,142 | ||||||
| Moog, Inc. Class A* |
7,235 | 331,580 | ||||||
| Teledyne Technologies, Inc.* |
4,185 | 328,271 | ||||||
| Triumph Group, Inc. |
9,619 | 755,092 | ||||||
|
|
|
|||||||
| Total Aerospace & Defense | 4,326,073 | |||||||
| Airlines – 1.4% | ||||||||
| Alaska Air Group, Inc.* |
15,098 | 965,668 | ||||||
| Allegiant Travel Co. |
1,998 | 177,382 | ||||||
| JetBlue Airways Corp.*(a) |
49,055 | 338,480 | ||||||
| US Airways Group, Inc.*(a) |
92,939 | 1,577,175 | ||||||
|
|
|
|||||||
| Total Airlines | 3,058,705 | |||||||
| Auto Components – 2.5% | ||||||||
| Allison Transmission Holdings, Inc.(a) |
55,743 | 1,338,390 | ||||||
| Cooper Tire & Rubber Co. |
28,544 | 732,439 | ||||||
| Dana Holding Corp. |
36,240 | 646,159 | ||||||
| Dorman Products, Inc. |
4,202 | 156,356 | ||||||
| Gentex Corp. |
18,381 | 367,804 | ||||||
| Goodyear Tire & Rubber Co. (The)* |
29,743 | 375,059 | ||||||
| Lear Corp. |
21,054 | 1,155,233 | ||||||
| Tenneco, Inc.* |
15,681 | 616,420 | ||||||
|
|
|
|||||||
| Total Auto Components | 5,387,860 | |||||||
| Automobiles – 0.1% | ||||||||
| Thor Industries, Inc. |
6,707 | 246,751 | ||||||
| Beverages – 0.1% | ||||||||
| Boston Beer Co., Inc. (The) Class A*(a) |
878 | 140,164 | ||||||
| Biotechnology – 0.6% | ||||||||
| Cubist Pharmaceuticals, Inc.* |
6,569 | 307,561 | ||||||
| Myriad Genetics, Inc.* |
8,646 | 219,608 | ||||||
| Pharmacyclics, Inc.* |
3,336 | 268,248 | ||||||
| United Therapeutics Corp.* |
9,255 | 563,352 | ||||||
|
|
|
|||||||
| Total Biotechnology | 1,358,769 | |||||||
| Building Products – 0.5% | ||||||||
| A.O. Smith Corp. |
3,718 | 273,533 | ||||||
| Armstrong World Industries, Inc. * |
5,742 | 320,921 | ||||||
| Lennox International, Inc. |
4,815 | 305,704 | ||||||
| Owens Corning* |
3,761 | 148,296 | ||||||
| Simpson Manufacturing Co., Inc. |
2,510 | 76,831 | ||||||
|
|
|
|||||||
| Total Building Products | 1,125,285 | |||||||
| Capital Markets – 3.9% | ||||||||
| American Capital Ltd.* |
269,865 | 3,938,680 | ||||||
| Cohen & Steers, Inc.(a) |
5,900 | 212,813 | ||||||
| E*TRADE Financial Corp.* |
22,243 | $ | 238,222 | |||||
| Eaton Vance Corp. |
13,585 | 568,261 | ||||||
| Federated Investors, Inc. Class B(a) |
18,113 | 428,735 | ||||||
| GAMCO Investors, Inc. Class A |
3,621 | 192,311 | ||||||
| Greenhill & Co., Inc. |
2,743 | 146,421 | ||||||
| Janus Capital Group, Inc.(a) |
24,578 | 231,033 | ||||||
| Legg Mason, Inc. |
15,214 | 489,130 | ||||||
| LPL Financial Holdings, Inc. |
13,145 | 423,795 | ||||||
| SEI Investments Co. |
19,207 | 554,122 | ||||||
| Stifel Financial Corp.* |
7,884 | 273,338 | ||||||
| Waddell & Reed Financial, Inc. Class A |
11,700 | 512,226 | ||||||
|
|
|
|||||||
| Total Capital Markets | 8,209,087 | |||||||
| Chemicals – 3.2% | ||||||||
| Axiall Corp. |
3,190 | 198,290 | ||||||
| Cabot Corp. |
9,292 | 317,786 | ||||||
| Chemtura Corp.* |
9,706 | 209,747 | ||||||
| Cytec Industries, Inc. |
3,401 | 251,946 | ||||||
| H.B. Fuller Co. |
3,732 | 145,847 | ||||||
| Huntsman Corp. |
59,918 | 1,113,876 | ||||||
| Intrepid Potash, Inc. |
9,127 | 171,223 | ||||||
| Kronos Worldwide, Inc. |
39,948 | 625,186 | ||||||
| Minerals Technologies, Inc. |
4,046 | 167,949 | ||||||
| NewMarket Corp.(a) |
1,668 | 434,280 | ||||||
| Olin Corp. |
11,698 | 295,024 | ||||||
| PolyOne Corp. |
8,738 | 213,295 | ||||||
| Rockwood Holdings, Inc. |
17,756 | 1,161,953 | ||||||
| RPM International, Inc. |
13,823 | 436,530 | ||||||
| Scotts Miracle-Gro Co. (The) Class A |
3,713 | 160,550 | ||||||
| Sensient Technologies Corp. |
6,892 | 269,408 | ||||||
| Valhi, Inc. |
33,580 | 538,959 | ||||||
|
|
|
|||||||
| Total Chemicals | 6,711,849 | |||||||
| Commercial Banks – 6.7% | ||||||||
| Associated Banc-Corp. |
25,772 | 391,477 | ||||||
| BancorpSouth, Inc.(a) |
10,705 | 174,491 | ||||||
| Bank of Hawaii Corp.(a) |
7,380 | 374,978 | ||||||
| BankUnited, Inc. |
15,171 | 388,681 | ||||||
| BOK Financial Corp. |
12,286 | 765,418 | ||||||
| CapitalSource, Inc. |
122,686 | 1,180,239 | ||||||
| Cathay General Bancorp |
11,167 | 224,680 | ||||||
| City National Corp. |
7,777 | 458,143 | ||||||
| Commerce Bancshares, Inc. |
15,437 | 630,293 | ||||||
| Cullen/Frost Bankers, Inc.(a) |
8,392 | 524,752 | ||||||
| East West Bancorp, Inc. |
25,169 | 646,088 | ||||||
| First Citizens BancShares, Inc. Class A |
1,587 | 289,945 | ||||||
| First Niagara Financial Group, Inc. |
36,876 | 326,721 | ||||||
| First Republic Bank |
21,925 | 846,743 | ||||||
| FirstMerit Corp.(a) |
18,073 | 298,747 | ||||||
| FNB Corp. |
18,772 | 227,141 | ||||||
| Fulton Financial Corp. |
32,239 | 377,196 | ||||||
| Hancock Holding Co. |
7,599 | 234,961 | ||||||
| Iberiabank Corp. |
2,844 | 142,257 | ||||||
| Investors Bancorp, Inc. |
10,059 | 188,908 | ||||||
| National Penn Bancshares, Inc. |
19,761 | 211,245 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 35 |
Table of Contents
Schedule of Investments (continued)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2013
| Investments | Shares | Value | ||||||
| Popular, Inc.* |
16,042 | $ | 442,920 | |||||
| PrivateBancorp, Inc. |
6,579 | 124,409 | ||||||
| Prosperity Bancshares, Inc. |
7,420 | 351,634 | ||||||
| Signature Bank* |
5,002 | 393,957 | ||||||
| Sterling Financial Corp. |
37,292 | 808,863 | ||||||
| Susquehanna Bancshares, Inc. |
18,218 | 226,450 | ||||||
| SVB Financial Group* |
5,635 | 399,747 | ||||||
| Synovus Financial Corp. |
64,876 | 179,707 | ||||||
| Texas Capital Bancshares, Inc.* |
5,095 | 206,093 | ||||||
| Trustmark Corp. |
9,695 | 242,472 | ||||||
| UMB Financial Corp. |
5,660 | 277,736 | ||||||
| Umpqua Holdings Corp. |
14,907 | 197,667 | ||||||
| United Bankshares, Inc.(a) |
6,259 | 166,552 | ||||||
| Valley National Bancorp(a) |
28,391 | 290,724 | ||||||
| Webster Financial Corp. |
14,759 | 358,053 | ||||||
| Wintrust Financial Corp. |
4,726 | 175,051 | ||||||
| Zions Bancorp. |
17,648 | 441,024 | ||||||
|
|
|
|||||||
| Total Commercial Banks | 14,186,163 | |||||||
| Commercial Services & Supplies – 2.2% | ||||||||
| Avery Dennison Corp. |
8,509 | 366,483 | ||||||
| Brink’s Co. (The) |
4,262 | 120,444 | ||||||
| Clean Harbors, Inc.* |
4,017 | 233,348 | ||||||
| Copart, Inc.* |
12,119 | 415,439 | ||||||
| Covanta Holding Corp. |
5,303 | 106,855 | ||||||
| Deluxe Corp. |
10,415 | 431,181 | ||||||
| Healthcare Services Group, Inc. |
3,662 | 93,857 | ||||||
| HNI Corp. |
3,349 | 118,856 | ||||||
| KAR Auction Services, Inc. |
8,707 | 174,401 | ||||||
| Mine Safety Appliances Co. |
3,014 | 149,555 | ||||||
| Pitney Bowes, Inc.(a) |
73,270 | 1,088,792 | ||||||
| Rollins, Inc. |
9,312 | 228,610 | ||||||
| Steelcase, Inc. Class A |
10,816 | 159,320 | ||||||
| Tetra Tech, Inc.* |
7,805 | 237,974 | ||||||
| UniFirst Corp. |
2,457 | 222,358 | ||||||
| United Stationers, Inc. |
6,509 | 251,573 | ||||||
| Waste Connections, Inc. |
9,944 | 357,785 | ||||||
|
|
|
|||||||
| Total Commercial Services & Supplies | 4,756,831 | |||||||
| Communications Equipment – 1.1% | ||||||||
| Acme Packet, Inc.* |
639 | 18,672 | ||||||
| ADTRAN, Inc.(a) |
6,713 | 131,910 | ||||||
| Arris Group, Inc.* |
2,308 | 39,628 | ||||||
| Brocade Communications Systems, Inc.* |
53,528 | 308,857 | ||||||
| EchoStar Corp. Class A* |
10,297 | 401,274 | ||||||
| Finisar Corp.*(a) |
2,838 | 37,433 | ||||||
| InterDigital, Inc. |
13,320 | 637,096 | ||||||
| Loral Space & Communications, Inc. |
545 | 33,725 | ||||||
| NETGEAR, Inc.* |
4,790 | 160,513 | ||||||
| Plantronics, Inc. |
5,886 | 260,102 | ||||||
| Polycom, Inc.* |
9,481 | 105,050 | ||||||
| Riverbed Technology, Inc.* |
7,652 | 114,091 | ||||||
|
|
|
|||||||
| Total Communications Equipment | 2,248,351 | |||||||
| Computers & Peripherals – 0.7% | ||||||||
| 3D Systems Corp.*(a) |
2,064 | 66,544 | ||||||
| Diebold, Inc. |
10,990 | 333,217 | ||||||
| Lexmark International, Inc. Class A |
13,733 | $ | 362,551 | |||||
| NCR Corp.* |
27,704 | 763,522 | ||||||
|
|
|
|||||||
| Total Computers & Peripherals | 1,525,834 | |||||||
| Construction & Engineering – 1.3% | ||||||||
| AECOM Technology Corp.* |
21,321 | 699,329 | ||||||
| EMCOR Group, Inc. |
7,662 | 324,792 | ||||||
| KBR, Inc. |
24,989 | 801,647 | ||||||
| MasTec, Inc.* |
8,193 | 238,826 | ||||||
| URS Corp. |
14,710 | 697,401 | ||||||
|
|
|
|||||||
| Total Construction & Engineering | 2,761,995 | |||||||
| Construction Materials – 0.1% | ||||||||
| Eagle Materials, Inc. |
1,740 | 115,936 | ||||||
| Martin Marietta Materials, Inc.(a) |
1,523 | 155,377 | ||||||
|
|
|
|||||||
| Total Construction Materials | 271,313 | |||||||
| Consumer Finance – 0.8% | ||||||||
| Credit Acceptance Corp.* |
4,933 | 602,516 | ||||||
| First Cash Financial Services, Inc.* |
4,352 | 253,896 | ||||||
| Nelnet, Inc. Class A |
15,621 | 527,990 | ||||||
| Portfolio Recovery Associates, Inc.* |
2,896 | 367,560 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 1,751,962 | |||||||
| Containers & Packaging – 1.9% | ||||||||
| Aptargroup, Inc. |
7,026 | 402,941 | ||||||
| Bemis Co., Inc. |
9,540 | 385,034 | ||||||
| Graphic Packaging Holding Co.* |
115,023 | 861,522 | ||||||
| Greif, Inc. Class A |
5,466 | 293,087 | ||||||
| Owens-Illinois, Inc.* |
16,394 | 436,900 | ||||||
| Packaging Corp. of America |
7,748 | 347,653 | ||||||
| Rock-Tenn Co. Class A |
6,219 | 577,061 | ||||||
| Silgan Holdings, Inc. |
7,436 | 351,351 | ||||||
| Sonoco Products Co. |
11,344 | 396,927 | ||||||
|
|
|
|||||||
| Total Containers & Packaging | 4,052,476 | |||||||
| Distributors – 0.1% | ||||||||
| Pool Corp. |
4,279 | 205,392 | ||||||
| Diversified Consumer Services – 1.3% | ||||||||
| Apollo Group, Inc. Class A* |
40,013 | 695,826 | ||||||
| Coinstar, Inc.*(a) |
6,208 | 362,671 | ||||||
| DeVry, Inc. |
14,903 | 473,170 | ||||||
| Hillenbrand, Inc. |
9,125 | 230,680 | ||||||
| Service Corp. International |
21,575 | 360,950 | ||||||
| Sotheby’s |
6,529 | 244,250 | ||||||
| Weight Watchers International, Inc. |
9,947 | 418,868 | ||||||
|
|
|
|||||||
| Total Diversified Consumer Services | 2,786,415 | |||||||
| Diversified Financial Services – 0.9% | ||||||||
| CBOE Holdings, Inc. |
11,950 | 441,433 | ||||||
| MSCI, Inc. Class A* |
13,294 | 451,065 | ||||||
| NASDAQ OMX Group, Inc. (The) |
31,636 | 1,021,843 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 1,914,341 | |||||||
| Diversified Telecommunication Services – 0.1% | ||||||||
| tw telecom, Inc.* |
5,866 | 147,765 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Electric Utilities – 2.4% | ||||||||
| ALLETE, Inc. |
4,296 | $ | 210,590 | |||||
| Cleco Corp. |
8,548 | 402,012 | ||||||
| El Paso Electric Co. |
5,658 | 190,392 | ||||||
| Great Plains Energy, Inc. |
18,966 | 439,821 | ||||||
| Hawaiian Electric Industries, Inc. |
10,328 | 286,189 | ||||||
| IDACORP, Inc. |
7,193 | 347,206 | ||||||
| ITC Holdings Corp. |
4,708 | 420,236 | ||||||
| NV Energy, Inc. |
31,454 | 630,024 | ||||||
| Pepco Holdings, Inc. |
28,725 | 614,715 | ||||||
| PNM Resources, Inc. |
10,823 | 252,068 | ||||||
| Portland General Electric Co. |
9,122 | 276,670 | ||||||
| UIL Holdings Corp. |
4,744 | 187,815 | ||||||
| UNS Energy Corp. |
4,462 | 218,370 | ||||||
| Westar Energy, Inc. |
17,009 | 564,359 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 5,040,467 | |||||||
| Electrical Equipment – 1.7% | ||||||||
| Acuity Brands, Inc. |
3,526 | 244,528 | ||||||
| Babcock & Wilcox Co. (The) |
16,295 | 462,941 | ||||||
| Belden, Inc. |
5,993 | 309,538 | ||||||
| Brady Corp. Class A |
5,938 | 199,101 | ||||||
| EnerSys* |
9,406 | 428,726 | ||||||
| Franklin Electric Co., Inc. |
4,802 | 161,203 | ||||||
| Generac Holdings, Inc. |
19,997 | 706,694 | ||||||
| General Cable Corp.* |
5,608 | 205,421 | ||||||
| GrafTech International Ltd.*(a) |
34,257 | 263,094 | ||||||
| Polypore International, Inc.*(a) |
3,592 | 144,327 | ||||||
| Regal-Beloit Corp. |
5,677 | 463,016 | ||||||
|
|
|
|||||||
| Total Electrical Equipment | 3,588,589 | |||||||
| Electronic Equipment, Instruments & Components – 4.0% | ||||||||
| Anixter International, Inc. |
5,682 | 397,285 | ||||||
| Arrow Electronics, Inc.* |
26,356 | 1,070,581 | ||||||
| Avnet, Inc.* |
31,768 | 1,150,002 | ||||||
| Cognex Corp. |
3,896 | 164,216 | ||||||
| Dolby Laboratories, Inc. Class A(a) |
18,957 | 636,197 | ||||||
| FEI Co. |
4,359 | 281,373 | ||||||
| FLIR Systems, Inc. |
21,047 | 547,433 | ||||||
| Ingram Micro, Inc. Class A* |
36,805 | 724,322 | ||||||
| IPG Photonics Corp.(a) |
4,431 | 294,263 | ||||||
| Itron, Inc.* |
3,728 | 172,979 | ||||||
| Jabil Circuit, Inc. |
43,864 | 810,607 | ||||||
| Littelfuse, Inc. |
2,627 | 178,242 | ||||||
| Molex, Inc. |
19,566 | 572,893 | ||||||
| National Instruments Corp. |
7,454 | 244,119 | ||||||
| SYNNEX Corp.* |
9,237 | 341,769 | ||||||
| Tech Data Corp.* |
9,389 | 428,232 | ||||||
| Vishay Intertechnology, Inc.* |
25,153 | 342,332 | ||||||
|
|
|
|||||||
| Total Electronic Equipment, Instruments & Components | 8,356,845 | |||||||
| Energy Equipment & Services – 3.1% | ||||||||
| Atwood Oceanics, Inc.* |
10,850 | 570,059 | ||||||
| Bristow Group, Inc. |
3,500 | 230,790 | ||||||
| CARBO Ceramics, Inc.(a) |
2,976 | 271,024 | ||||||
| Dresser-Rand Group, Inc.* |
6,160 | $ | 379,826 | |||||
| Dril-Quip, Inc.* |
3,171 | 276,416 | ||||||
| Era Group, Inc.* |
680 | 14,280 | ||||||
| Forum Energy Technologies, Inc.*(a) |
10,763 | 309,544 | ||||||
| Helix Energy Solutions Group, Inc.* |
15,495 | 354,526 | ||||||
| Hornbeck Offshore Services, Inc.* |
2,168 | 100,725 | ||||||
| Lufkin Industries, Inc. |
2,650 | 175,933 | ||||||
| Oil States International, Inc.* |
12,490 | 1,018,809 | ||||||
| Patterson-UTI Energy, Inc. |
32,921 | 784,837 | ||||||
| RPC, Inc.(a) |
48,716 | 739,022 | ||||||
| SEACOR Holdings, Inc. |
680 | 50,102 | ||||||
| Superior Energy Services, Inc.* |
30,617 | 795,123 | ||||||
| Tidewater, Inc.(a) |
5,897 | 297,799 | ||||||
| Unit Corp.* |
5,850 | 266,468 | ||||||
|
|
|
|||||||
| Total Energy Equipment & Services | 6,635,283 | |||||||
| Food & Staples Retailing – 1.1% | ||||||||
| Casey’s General Stores, Inc. |
4,612 | 268,880 | ||||||
| Fresh Market, Inc. (The)* |
2,335 | 99,868 | ||||||
| Harris Teeter Supermarkets, Inc. |
5,123 | 218,803 | ||||||
| PriceSmart, Inc. |
1,754 | 136,514 | ||||||
| Safeway, Inc. |
52,220 | 1,375,997 | ||||||
| United Natural Foods, Inc.* |
3,357 | 165,164 | ||||||
|
|
|
|||||||
| Total Food & Staples Retailing | 2,265,226 | |||||||
| Food Products – 1.8% | ||||||||
| B&G Foods, Inc. |
4,145 | 126,381 | ||||||
| Darling International, Inc.* |
16,347 | 293,592 | ||||||
| Dean Foods Co.*(a) |
19,180 | 347,733 | ||||||
| Flowers Foods, Inc. |
9,635 | 317,377 | ||||||
| Hain Celestial Group, Inc. (The)*(a) |
3,001 | 183,301 | ||||||
| Hillshire Brands Co. |
2,746 | 96,522 | ||||||
| Lancaster Colony Corp. |
2,946 | 226,842 | ||||||
| Pilgrim’s Pride Corp.* |
18,768 | 172,478 | ||||||
| Seaboard Corp. |
240 | 671,998 | ||||||
| Smithfield Foods, Inc.* |
31,873 | 843,997 | ||||||
| Snyders-Lance, Inc. |
4,914 | 124,128 | ||||||
| Tootsie Roll Industries, Inc.(a) |
3,864 | 115,572 | ||||||
| TreeHouse Foods, Inc.* |
3,622 | 235,973 | ||||||
|
|
|
|||||||
| Total Food Products | 3,755,894 | |||||||
| Gas Utilities – 1.6% | ||||||||
| AGL Resources, Inc. |
9,779 | 410,229 | ||||||
| Atmos Energy Corp. |
11,113 | 474,414 | ||||||
| National Fuel Gas Co. |
8,102 | 497,058 | ||||||
| New Jersey Resources Corp. |
4,550 | 204,067 | ||||||
| Piedmont Natural Gas Co., Inc. |
6,794 | 223,387 | ||||||
| Questar Corp. |
21,142 | 514,385 | ||||||
| South Jersey Industries, Inc. |
3,666 | 203,793 | ||||||
| Southwest Gas Corp. |
5,851 | 277,688 | ||||||
| UGI Corp. |
11,433 | 438,913 | ||||||
| WGL Holdings, Inc. |
5,543 | 244,446 | ||||||
|
|
|
|||||||
| Total Gas Utilities | 3,488,380 | |||||||
| Health Care Equipment & Supplies – 1.3% | ||||||||
| Align Technology, Inc.* |
7,060 | 236,581 | ||||||
| Cooper Cos., Inc. (The) |
5,140 | 554,503 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Cyberonics, Inc.* |
1,499 | $ | 70,168 | |||||
| Haemonetics Corp.* |
2,709 | 112,857 | ||||||
| Hill-Rom Holdings, Inc. |
8,809 | 310,253 | ||||||
| Sirona Dental Systems, Inc.* |
3,712 | 273,686 | ||||||
| STERIS Corp. |
8,725 | 363,047 | ||||||
| Teleflex, Inc. |
4,099 | 346,407 | ||||||
| Thoratec Corp.* |
4,546 | 170,475 | ||||||
| Volcano Corp.*(a) |
2,928 | 65,177 | ||||||
| West Pharmaceutical Services, Inc. |
2,843 | 184,624 | ||||||
|
|
|
|||||||
| Total Health Care Equipment & Supplies | 2,687,778 | |||||||
| Health Care Providers & Services – 3.4% | ||||||||
| Air Methods Corp. |
4,206 | 202,897 | ||||||
| Centene Corp.* |
1,546 | 68,086 | ||||||
| Chemed Corp. |
2,658 | 212,587 | ||||||
| Community Health Systems, Inc. |
12,634 | 598,725 | ||||||
| Health Management Associates, Inc. Class A* |
34,709 | 446,705 | ||||||
| Health Net, Inc.* |
4,506 | 128,962 | ||||||
| HealthSouth Corp.* |
15,169 | 400,006 | ||||||
| LifePoint Hospitals, Inc.* |
6,884 | 333,599 | ||||||
| Magellan Health Services, Inc.* |
5,666 | 269,532 | ||||||
| Mednax, Inc.* |
5,863 | 525,501 | ||||||
| Molina Healthcare, Inc.* |
684 | 21,115 | ||||||
| MWI Veterinary Supply, Inc.* |
886 | 117,182 | ||||||
| Omnicare, Inc. |
12,639 | 514,660 | ||||||
| Owens & Minor, Inc.(a) |
7,986 | 260,024 | ||||||
| Patterson Cos., Inc. |
12,780 | 486,151 | ||||||
| Select Medical Holdings Corp. |
30,902 | 278,118 | ||||||
| Team Health Holdings, Inc.* |
4,397 | 159,963 | ||||||
| Tenet Healthcare Corp.* |
5,616 | 267,209 | ||||||
| Universal Health Services, Inc. Class B |
15,785 | 1,008,188 | ||||||
| VCA Antech, Inc.* |
11,426 | 268,397 | ||||||
| WellCare Health Plans, Inc.* |
10,318 | 598,031 | ||||||
|
|
|
|||||||
| Total Health Care Providers & Services | 7,165,638 | |||||||
| Health Care Technology – 0.1% | ||||||||
| Allscripts Healthcare Solutions, Inc.* |
10,913 | 148,308 | ||||||
| athenahealth, Inc.*(a) |
485 | 47,064 | ||||||
| HMS Holdings Corp.* |
3,247 | 88,156 | ||||||
|
|
|
|||||||
| Total Health Care Technology | 283,528 | |||||||
| Hotels, Restaurants & Leisure – 1.8% | ||||||||
| Bally Technologies, Inc.*(a) |
4,912 | 255,277 | ||||||
| Brinker International, Inc. |
10,186 | 383,503 | ||||||
| Buffalo Wild Wings, Inc.* |
1,457 | 127,531 | ||||||
| Cheesecake Factory, Inc. (The) |
6,291 | 242,895 | ||||||
| Choice Hotels International, Inc. |
7,403 | 313,221 | ||||||
| Cracker Barrel Old Country Store, Inc. |
3,137 | 253,626 | ||||||
| Domino’s Pizza, Inc. |
5,053 | 259,926 | ||||||
| Dunkin’ Brands Group, Inc. |
6,390 | 235,663 | ||||||
| International Game Technology |
32,014 | 528,231 | ||||||
| International Speedway Corp. Class A |
3,995 | 130,557 | ||||||
| Life Time Fitness, Inc.* |
4,452 | 190,456 | ||||||
| Marriott Vacations Worldwide Corp.* |
1,481 | 63,550 | ||||||
| Papa John’s International, Inc.* |
2,363 | 146,081 | ||||||
| Penn National Gaming, Inc.* |
7,920 | 431,086 | ||||||
| Six Flags Entertainment Corp. |
2,157 | $ | 156,339 | |||||
| Vail Resorts, Inc. |
671 | 41,817 | ||||||
|
|
|
|||||||
| Total Hotels, Restaurants & Leisure | 3,759,759 | |||||||
| Household Durables – 1.6% | ||||||||
| Harman International Industries, Inc. |
15,531 | 693,149 | ||||||
| Jarden Corp.* |
14,550 | 623,468 | ||||||
| Leggett & Platt, Inc. |
12,927 | 436,674 | ||||||
| M.D.C. Holdings, Inc. |
379 | 13,890 | ||||||
| NVR, Inc.* |
336 | 362,917 | ||||||
| Ryland Group, Inc. (The) |
708 | 29,467 | ||||||
| Standard Pacific Corp.*(a) |
9,347 | 80,758 | ||||||
| Tempur-Pedic International, Inc.* |
9,065 | 449,896 | ||||||
| Tupperware Brands Corp. |
7,802 | 637,735 | ||||||
|
|
|
|||||||
| Total Household Durables | 3,327,954 | |||||||
| Household Products – 0.1% | ||||||||
| Spectrum Brands Holdings, Inc. |
2,033 | 115,047 | ||||||
| Industrial Conglomerates – 0.3% | ||||||||
| Carlisle Cos., Inc. |
9,007 | 610,585 | ||||||
| Insurance – 5.6% | ||||||||
| American Financial Group, Inc. |
16,555 | 784,376 | ||||||
| American National Insurance Co. |
4,334 | 376,495 | ||||||
| AmTrust Financial Services, Inc. |
11,326 | 392,446 | ||||||
| Arthur J. Gallagher & Co. |
11,184 | 462,011 | ||||||
| Assurant, Inc. |
33,313 | 1,499,418 | ||||||
| Brown & Brown, Inc. |
13,426 | 430,169 | ||||||
| CNO Financial Group, Inc. |
30,609 | 350,473 | ||||||
| First American Financial Corp. |
21,297 | 544,564 | ||||||
| Genworth Financial, Inc. Class A* |
93,449 | 934,490 | ||||||
| Hanover Insurance Group, Inc. (The) |
7,749 | 384,970 | ||||||
| HCC Insurance Holdings, Inc. |
19,178 | 806,052 | ||||||
| Kemper Corp. |
4,796 | 156,398 | ||||||
| Markel Corp.*(a) |
988 | 497,458 | ||||||
| Mercury General Corp. |
5,540 | 210,132 | ||||||
| Primerica, Inc. |
11,563 | 379,035 | ||||||
| ProAssurance Corp. |
13,922 | 658,928 | ||||||
| Protective Life Corp. |
23,266 | 832,923 | ||||||
| Reinsurance Group of America, Inc. |
18,324 | 1,093,393 | ||||||
| RLI Corp. |
3,007 | 216,053 | ||||||
| StanCorp Financial Group, Inc. |
9,996 | 427,429 | ||||||
| Symetra Financial Corp. |
32,281 | 432,888 | ||||||
|
|
|
|||||||
| Total Insurance | 11,870,101 | |||||||
| Internet & Catalog Retail – 0.2% | ||||||||
| HomeAway, Inc.* |
935 | 30,387 | ||||||
| HSN, Inc. |
4,743 | 260,201 | ||||||
| Netflix, Inc.* |
1,138 | 215,549 | ||||||
|
|
|
|||||||
| Total Internet & Catalog Retail | 506,137 | |||||||
| Internet Software & Services – 1.7% | ||||||||
| AOL, Inc.* |
67,006 | 2,579,061 | ||||||
| CoStar Group, Inc.* |
204 | 22,330 | ||||||
| IAC/InterActiveCorp |
7,214 | 322,322 | ||||||
| j2 Global, Inc.(a) |
7,739 | 303,446 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Liquidity Services, Inc.*(a) |
2,389 | $ | 71,216 | |||||
| ValueClick, Inc.* |
9,217 | 272,362 | ||||||
|
|
|
|||||||
| Total Internet Software & Services | 3,570,737 | |||||||
| IT Services – 2.9% | ||||||||
| Acxiom Corp.* |
6,676 | 136,190 | ||||||
| Booz Allen Hamilton Holding Corp.(a) |
30,173 | 405,525 | ||||||
| Broadridge Financial Solutions, Inc. |
11,596 | 288,045 | ||||||
| Convergys Corp. |
10,645 | 181,284 | ||||||
| CoreLogic, Inc.* |
8,752 | 226,327 | ||||||
| DST Systems, Inc. |
7,227 | 515,068 | ||||||
| FleetCor Technologies, Inc.* |
6,790 | 520,589 | ||||||
| Gartner, Inc.* |
6,728 | 366,071 | ||||||
| Global Payments, Inc. |
7,632 | 379,005 | ||||||
| Jack Henry & Associates, Inc. |
8,266 | 381,972 | ||||||
| Lender Processing Services, Inc. |
17,825 | 453,825 | ||||||
| MAXIMUS, Inc. |
2,524 | 201,844 | ||||||
| NeuStar, Inc. Class A* |
6,399 | 297,745 | ||||||
| Sapient Corp.* |
13,605 | 165,845 | ||||||
| Syntel, Inc. |
6,614 | 446,577 | ||||||
| Total System Services, Inc. |
22,428 | 555,766 | ||||||
| Vantiv, Inc. Class A* |
4,178 | 99,186 | ||||||
| VeriFone Systems, Inc.* |
16,162 | 334,230 | ||||||
| WEX, Inc.* |
2,774 | 217,759 | ||||||
|
|
|
|||||||
| Total IT Services | 6,172,853 | |||||||
| Leisure Equipment & Products – 0.1% | ||||||||
| Brunswick Corp. |
7,239 | 247,719 | ||||||
| Life Sciences Tools & Services – 0.8% | ||||||||
| Bio-Rad Laboratories, Inc. Class A* |
3,265 | 411,390 | ||||||
| Bruker Corp.* |
13,371 | 255,386 | ||||||
| Charles River Laboratories International, Inc.* |
5,351 | 236,889 | ||||||
| Covance, Inc.* |
3,915 | 290,963 | ||||||
| PAREXEL International Corp.* |
4,394 | 173,607 | ||||||
| PerkinElmer, Inc. |
1,934 | 65,060 | ||||||
| Techne Corp. |
3,375 | 228,993 | ||||||
|
|
|
|||||||
| Total Life Sciences Tools & Services | 1,662,288 | |||||||
| Machinery – 6.1% | ||||||||
| Actuant Corp. Class A |
10,907 | 333,973 | ||||||
| AGCO Corp. |
29,199 | 1,521,852 | ||||||
| Chart Industries, Inc.* |
1,784 | 142,738 | ||||||
| CLARCOR, Inc. |
5,614 | 294,061 | ||||||
| Crane Co. |
685 | 38,264 | ||||||
| Gardner Denver, Inc. |
7,199 | 540,717 | ||||||
| Graco, Inc. |
5,183 | 300,770 | ||||||
| IDEX Corp. |
9,082 | 485,161 | ||||||
| Kennametal, Inc. |
14,148 | 552,338 | ||||||
| Lincoln Electric Holdings, Inc. |
10,623 | 575,554 | ||||||
| Manitowoc Co., Inc. (The) |
11,161 | 229,470 | ||||||
| Middleby Corp.* |
1,781 | 270,979 | ||||||
| Mueller Industries, Inc. |
3,004 | 160,083 | ||||||
| Navistar International Corp.*(a) |
2,837 | 98,075 | ||||||
| Nordson Corp. |
7,121 | 469,630 | ||||||
| Oshkosh Corp.* |
15,621 | 663,736 | ||||||
| Rexnord Corp.*(a) |
3,110 | 66,025 | ||||||
| Sauer-Danfoss, Inc. |
7,576 | $ | 442,666 | |||||
| Snap-On, Inc. |
7,904 | 653,661 | ||||||
| SPX Corp. |
4,742 | 374,428 | ||||||
| Terex Corp.* |
10,022 | 344,957 | ||||||
| Timken Co. (The) |
21,954 | 1,242,157 | ||||||
| Toro Co. (The) |
6,255 | 287,980 | ||||||
| Trinity Industries, Inc. |
10,452 | 473,789 | ||||||
| Valmont Industries, Inc. |
4,330 | 680,979 | ||||||
| WABCO Holdings, Inc.* |
10,139 | 715,712 | ||||||
| Wabtec Corp. |
5,292 | 540,366 | ||||||
| Watts Water Technologies, Inc. Class A |
2,799 | 134,324 | ||||||
| Woodward, Inc. |
7,371 | 293,071 | ||||||
|
|
|
|||||||
| Total Machinery | 12,927,516 | |||||||
| Marine – 0.3% | ||||||||
| Kirby Corp.* |
6,892 | 529,306 | ||||||
| Media – 1.7% | ||||||||
| AMC Networks, Inc. Class A* |
6,252 | 395,002 | ||||||
| Cinemark Holdings, Inc. |
12,266 | 361,111 | ||||||
| DreamWorks Animation SKG, Inc. Class A*(a) |
8,941 | 169,521 | ||||||
| Gannett Co., Inc. |
40,983 | 896,298 | ||||||
| John Wiley & Sons, Inc. Class A |
10,967 | 427,274 | ||||||
| Lamar Advertising Co. Class A* |
174 | 8,458 | ||||||
| Madison Square Garden Co. (The) Class A* |
4,698 | 270,605 | ||||||
| Meredith Corp. |
6,155 | 235,490 | ||||||
| Morningstar, Inc. |
3,194 | 223,325 | ||||||
| Regal Entertainment Group Class A(a) |
17,633 | 293,942 | ||||||
| Washington Post Co. (The) Class B(a) |
701 | 313,347 | ||||||
|
|
|
|||||||
| Total Media | 3,594,373 | |||||||
| Metals & Mining – 2.1% | ||||||||
| Allegheny Technologies, Inc. |
8,765 | 277,938 | ||||||
| Allied Nevada Gold Corp.* |
3,378 | 55,602 | ||||||
| Carpenter Technology Corp. |
5,976 | 294,557 | ||||||
| Cliffs Natural Resources, Inc.(a) |
51,078 | 970,993 | ||||||
| Coeur d’Alene Mines Corp.* |
2,227 | 42,001 | ||||||
| Commercial Metals Co. |
28,722 | 455,243 | ||||||
| Compass Minerals International, Inc. |
2,762 | 217,922 | ||||||
| Hecla Mining Co. |
12,225 | 48,289 | ||||||
| Reliance Steel & Aluminum Co. |
13,047 | 928,555 | ||||||
| Steel Dynamics, Inc. |
19,708 | 312,766 | ||||||
| Stillwater Mining Co.*(a) |
10,275 | 132,856 | ||||||
| United States Steel Corp.(a) |
3,342 | 65,169 | ||||||
| Walter Energy, Inc.(a) |
9,176 | 261,516 | ||||||
| Worthington Industries, Inc. |
9,552 | 295,921 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 4,359,328 | |||||||
| Multiline Retail – 0.7% | ||||||||
| Big Lots, Inc.* |
13,045 | 460,097 | ||||||
| Dillard’s, Inc. Class A |
11,238 | 882,745 | ||||||
| Saks, Inc.* |
14,152 | 162,323 | ||||||
|
|
|
|||||||
| Total Multiline Retail | 1,505,165 | |||||||
| Multi-Utilities – 1.0% | ||||||||
| Avista Corp. |
7,663 | 209,966 | ||||||
| Black Hills Corp. |
1,626 | 71,609 | ||||||
| Integrys Energy Group, Inc. |
8,222 | 478,192 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| MDU Resources Group, Inc. |
11,374 | $ | 284,236 | |||||
| NorthWestern Corp. |
3,734 | 148,837 | ||||||
| TECO Energy, Inc. |
30,366 | 541,122 | ||||||
| Vectren Corp. |
10,683 | 378,392 | ||||||
|
|
|
|||||||
| Total Multi-Utilities | 2,112,354 | |||||||
| Office Electronics – 0.1% | ||||||||
| Zebra Technologies Corp. Class A* |
6,129 | 288,860 | ||||||
| Oil, Gas & Consumable Fuels – 2.8% | ||||||||
| CVR Energy, Inc. |
17,260 | 890,961 | ||||||
| Delek US Holdings, Inc. |
15,583 | 614,905 | ||||||
| Energen Corp. |
8,949 | 465,438 | ||||||
| Gulfport Energy Corp.* |
4,565 | 209,214 | ||||||
| Laredo Petroleum Holdings, Inc.*(a) |
13,701 | 250,591 | ||||||
| Newfield Exploration Co.* |
21,820 | 489,204 | ||||||
| Oasis Petroleum, Inc.* |
6,258 | 238,242 | ||||||
| Plains Exploration & Production Co.* |
4,121 | 195,624 | ||||||
| Rosetta Resources, Inc.* |
7,401 | 352,140 | ||||||
| SandRidge Energy, Inc.*(a) |
235,019 | 1,238,550 | ||||||
| SemGroup Corp. Class A* |
953 | 49,289 | ||||||
| Targa Resources Corp. |
1,538 | 104,523 | ||||||
| W&T Offshore, Inc. |
12,442 | 176,676 | ||||||
| Western Refining, Inc.(a) |
8,729 | 309,094 | ||||||
| World Fuel Services Corp. |
9,727 | 386,357 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 5,970,808 | |||||||
| Personal Products – 0.3% | ||||||||
| Elizabeth Arden, Inc.* |
2,054 | 82,673 | ||||||
| Nu Skin Enterprises, Inc. Class A(a) |
10,304 | 455,437 | ||||||
|
|
|
|||||||
| Total Personal Products | 538,110 | |||||||
| Pharmaceuticals – 0.7% | ||||||||
| Akorn, Inc.* |
4,681 | 64,738 | ||||||
| Endo Pharmaceuticals Holdings, Inc.* |
15,179 | 466,906 | ||||||
| Impax Laboratories, Inc.* |
7,196 | 111,107 | ||||||
| Questcor Pharmaceuticals, Inc.(a) |
11,400 | 370,956 | ||||||
| Salix Pharmaceuticals Ltd.* |
4,784 | 244,845 | ||||||
| Viropharma, Inc.* |
5,739 | 144,393 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 1,402,945 | |||||||
| Professional Services – 1.2% | ||||||||
| Advisory Board Co. (The)* |
1,116 | 58,612 | ||||||
| Corporate Executive Board Co. (The) |
2,115 | 123,009 | ||||||
| Dun & Bradstreet Corp. (The)(a) |
6,462 | 540,546 | ||||||
| FTI Consulting, Inc.* |
5,338 | 201,029 | ||||||
| Manpower, Inc. |
10,365 | 587,903 | ||||||
| Robert Half International, Inc. |
12,546 | 470,851 | ||||||
| Towers Watson & Co. Class A |
8,369 | 580,139 | ||||||
|
|
|
|||||||
| Total Professional Services | 2,562,089 | |||||||
| Real Estate Investment Trusts (REITs) – 2.8% | ||||||||
| Alexander’s, Inc. |
282 | 92,973 | ||||||
| Alexandria Real Estate Equities, Inc. |
2,378 | 168,790 | ||||||
| American Campus Communities, Inc. |
2,078 | 94,216 | ||||||
| BioMed Realty Trust, Inc. |
919 | 19,850 | ||||||
| BRE Properties, Inc. |
2,801 | 136,353 | ||||||
| CBL & Associates Properties, Inc. |
10,603 | 250,231 | ||||||
| Colonial Properties Trust |
727 | $ | 16,437 | |||||
| CommonWealth REIT |
1,480 | 33,211 | ||||||
| Corrections Corp. of America |
8,633 | 337,291 | ||||||
| Douglas Emmett, Inc. |
1,732 | 43,179 | ||||||
| DuPont Fabros Technology, Inc. |
2,305 | 55,942 | ||||||
| EastGroup Properties, Inc. |
903 | 52,555 | ||||||
| EPR Properties |
4,901 | 255,097 | ||||||
| Equity Lifestyle Properties, Inc. |
885 | 67,968 | ||||||
| Equity One, Inc. |
1,164 | 27,901 | ||||||
| Extra Space Storage, Inc. |
5,694 | 223,603 | ||||||
| Geo Group, Inc. (The) |
5,319 | 200,101 | ||||||
| Government Properties Income Trust |
4,240 | 109,095 | ||||||
| Healthcare Realty Trust, Inc. |
486 | 13,798 | ||||||
| Highwoods Properties, Inc.(a) |
2,563 | 101,418 | ||||||
| Home Properties, Inc. |
1,935 | 122,718 | ||||||
| Hospitality Properties Trust |
10,195 | 279,751 | ||||||
| LaSalle Hotel Properties |
2,841 | 72,105 | ||||||
| Lexington Realty Trust |
33,643 | 396,987 | ||||||
| Liberty Property Trust |
6,937 | 275,746 | ||||||
| Mack-Cali Realty Corp. |
5,249 | 150,174 | ||||||
| Medical Properties Trust, Inc. |
10,399 | 166,800 | ||||||
| Mid-America Apartment Communities, Inc. |
1,669 | 115,261 | ||||||
| National Health Investors, Inc. |
2,434 | 159,305 | ||||||
| National Retail Properties, Inc.(a) |
6,948 | 251,309 | ||||||
| Omega Healthcare Investors, Inc. |
9,446 | 286,781 | ||||||
| Piedmont Office Realty Trust, Inc. Class A |
8,561 | 167,710 | ||||||
| Post Properties, Inc. |
2,618 | 123,308 | ||||||
| Potlatch Corp. |
902 | 41,366 | ||||||
| PS Business Parks, Inc. |
664 | 52,403 | ||||||
| Regency Centers Corp. |
643 | 34,021 | ||||||
| RLJ Lodging Trust |
2,716 | 61,816 | ||||||
| Senior Housing Properties Trust |
11,284 | 302,750 | ||||||
| Sovran Self Storage, Inc. |
1,385 | 89,319 | ||||||
| Tanger Factory Outlet Centers, Inc. |
2,838 | 102,679 | ||||||
| Washington Real Estate Investment Trust |
456 | 12,695 | ||||||
| Weingarten Realty Investors |
1,259 | 39,721 | ||||||
| WP Carey, Inc. |
3,398 | 229,025 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 5,833,759 | |||||||
| Real Estate Management & Development – 0.3% | ||||||||
| Howard Hughes Corp. (The)* |
3,225 | 270,287 | ||||||
| Jones Lang LaSalle, Inc. |
4,270 | 424,481 | ||||||
|
|
|
|||||||
| Total Real Estate Management & Development | 694,768 | |||||||
| Road & Rail – 1.1% | ||||||||
| AMERCO |
3,308 | 574,070 | ||||||
| Avis Budget Group, Inc.* |
9,972 | 277,521 | ||||||
| Con-way, Inc. |
6,010 | 211,612 | ||||||
| Genesee & Wyoming, Inc. Class A* |
1,743 | 162,291 | ||||||
| Landstar System, Inc. |
5,225 | 298,295 | ||||||
| Old Dominion Freight Line, Inc.* |
10,240 | 391,168 | ||||||
| Ryder System, Inc. |
3,961 | 236,670 | ||||||
| Werner Enterprises, Inc. |
8,709 | 210,235 | ||||||
|
|
|
|||||||
| Total Road & Rail | 2,361,862 | |||||||
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, 2013
| Investments | Shares | Value | ||||||
| Semiconductors & Semiconductor Equipment – 1.4% | ||||||||
| Atmel Corp.* |
25,341 | $ | 176,373 | |||||
| Cirrus Logic, Inc.* |
7,841 | 178,383 | ||||||
| Cree, Inc.*(a) |
2,957 | 161,777 | ||||||
| Cymer, Inc.* |
1,280 | 123,008 | ||||||
| Cypress Semiconductor Corp.* |
6,374 | 70,305 | ||||||
| Fairchild Semiconductor International, Inc.* |
7,864 | 111,197 | ||||||
| Hittite Microwave Corp.* |
2,420 | 146,555 | ||||||
| LSI Corp.* |
44,318 | 300,476 | ||||||
| MKS Instruments, Inc. |
5,788 | 157,434 | ||||||
| ON Semiconductor Corp.* |
11,210 | 92,819 | ||||||
| Semtech Corp.* |
3,853 | 136,358 | ||||||
| Silicon Laboratories, Inc.* |
2,421 | 100,133 | ||||||
| Skyworks Solutions, Inc.* |
19,749 | 435,070 | ||||||
| Teradyne, Inc.* |
45,003 | 729,949 | ||||||
|
|
|
|||||||
| Total Semiconductors & Semiconductor Equipment | 2,919,837 | |||||||
| Software – 1.5% | ||||||||
| ACI Worldwide, Inc.* |
1,247 | 60,928 | ||||||
| Aspen Technology, Inc.* |
136 | 4,391 | ||||||
| Cadence Design Systems, Inc.* |
20,685 | 288,142 | ||||||
| CommVault Systems, Inc.* |
1,147 | 94,031 | ||||||
| Compuware Corp.* |
13,575 | 169,688 | ||||||
| Factset Research Systems, Inc.(a) |
4,249 | 393,457 | ||||||
| Fair Isaac Corp. |
4,377 | 199,985 | ||||||
| Fortinet, Inc.* |
5,777 | 136,799 | ||||||
| Guidewire Software, Inc.* |
970 | 37,287 | ||||||
| Informatica Corp.* |
5,868 | 202,270 | ||||||
| Mentor Graphics Corp. |
15,577 | 281,165 | ||||||
| MICROS Systems, Inc.* |
8,321 | 378,689 | ||||||
| Progress Software Corp.* |
2,785 | 63,442 | ||||||
| QLIK Technologies, Inc.* |
617 | 15,937 | ||||||
| RealPage, Inc.*(a) |
253 | 5,240 | ||||||
| SolarWinds, Inc.* |
2,859 | 168,967 | ||||||
| Solera Holdings, Inc. |
4,199 | 244,928 | ||||||
| Sourcefire, Inc.* |
276 | 16,348 | ||||||
| SS&C Technologies Holdings, Inc.* |
3,888 | 116,562 | ||||||
| TIBCO Software, Inc.* |
11,942 | 241,467 | ||||||
| Tyler Technologies, Inc.* |
1,307 | 80,067 | ||||||
| Ultimate Software Group, Inc.* |
206 | 21,457 | ||||||
|
|
|
|||||||
| Total Software | 3,221,247 | |||||||
| Specialty Retail – 4.3% | ||||||||
| Aaron’s, Inc. |
10,566 | 303,033 | ||||||
| Abercrombie & Fitch Co. Class A |
4,483 | 207,115 | ||||||
| American Eagle Outfitters, Inc. |
18,573 | 347,315 | ||||||
| ANN, Inc.* |
5,538 | 160,713 | ||||||
| Ascena Retail Group, Inc.* |
18,337 | 340,151 | ||||||
| AutoNation, Inc.* |
15,866 | 694,137 | ||||||
| Buckle, Inc. (The)(a) |
7,273 | 339,285 | ||||||
| Cabela’s, Inc.* |
8,686 | 527,935 | ||||||
| Chico’s FAS, Inc. |
16,853 | 283,130 | ||||||
| DSW, Inc. Class A |
4,485 | 286,143 | ||||||
| Express, Inc.* |
20,555 | 366,085 | ||||||
| GameStop Corp. Class A(a) |
23,676 | $ | 662,218 | |||||
| Genesco, Inc.* |
3,833 | 230,325 | ||||||
| GNC Holdings, Inc. Class A |
13,603 | 534,326 | ||||||
| Group 1 Automotive, Inc. |
3,203 | 192,404 | ||||||
| Guess?, Inc. |
18,447 | 458,039 | ||||||
| Hibbett Sports, Inc.* |
2,456 | 138,199 | ||||||
| Lumber Liquidators Holdings, Inc.* |
1,607 | 112,844 | ||||||
| Men’s Wearhouse, Inc. (The) |
8,155 | 272,540 | ||||||
| Penske Automotive Group, Inc. |
12,537 | 418,234 | ||||||
| Pier 1 Imports, Inc. |
18,020 | 414,460 | ||||||
| Rent-A-Center, Inc. |
10,482 | 387,205 | ||||||
| Sally Beauty Holdings, Inc.* |
18,653 | 548,025 | ||||||
| Select Comfort Corp.* |
6,178 | 122,139 | ||||||
| Vitamin Shoppe, Inc.* |
2,002 | 97,798 | ||||||
| Williams-Sonoma, Inc. |
10,957 | 564,505 | ||||||
|
|
|
|||||||
| Total Specialty Retail | 9,008,303 | |||||||
| Textiles, Apparel & Luxury Goods – 1.1% | ||||||||
| Carter’s, Inc.* |
5,664 | 324,377 | ||||||
| Columbia Sportswear Co.(a) |
3,599 | 208,310 | ||||||
| Deckers Outdoor Corp.*(a) |
8,799 | 490,016 | ||||||
| Hanesbrands, Inc.* |
11,003 | 501,297 | ||||||
| Iconix Brand Group, Inc.* |
10,286 | 266,099 | ||||||
| Steven Madden Ltd.* |
5,161 | 222,646 | ||||||
| Tumi Holdings, Inc.* |
2,883 | 60,370 | ||||||
| Wolverine World Wide, Inc. |
5,327 | 236,359 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 2,309,474 | |||||||
| Thrifts & Mortgage Finance – 0.7% | ||||||||
| Capitol Federal Financial, Inc. |
12,704 | 153,337 | ||||||
| EverBank Financial Corp.(a) |
6,248 | 96,219 | ||||||
| Nationstar Mortgage Holdings, Inc.*(a) |
10,573 | 390,144 | ||||||
| People’s United Financial, Inc. |
36,403 | 489,256 | ||||||
| TFS Financial Corp.* |
2,626 | 28,440 | ||||||
| Washington Federal, Inc. |
17,541 | 306,968 | ||||||
|
|
|
|||||||
| Total Thrifts & Mortgage Finance | 1,464,364 | |||||||
| Tobacco – 0.0% | ||||||||
| Vector Group Ltd. |
2,457 | 39,607 | ||||||
| Trading Companies & Distributors – 1.3% | ||||||||
| Air Lease Corp. |
9,020 | 264,466 | ||||||
| Applied Industrial Technologies, Inc. |
5,481 | 246,645 | ||||||
| Beacon Roofing Supply, Inc.* |
4,840 | 187,114 | ||||||
| GATX Corp. |
5,998 | 311,716 | ||||||
| MRC Global, Inc.* |
9,387 | 309,114 | ||||||
| MSC Industrial Direct Co., Inc. Class A |
7,055 | 605,178 | ||||||
| United Rentals, Inc.* |
2,596 | 142,702 | ||||||
| Watsco, Inc. |
2,628 | 221,225 | ||||||
| WESCO International, Inc.*(a) |
6,914 | 502,026 | ||||||
|
|
|
|||||||
| Total Trading Companies & Distributors | 2,790,186 | |||||||
| Transportation Infrastructure – 0.0% | ||||||||
| Macquarie Infrastructure Co. LLC |
1,544 | 83,438 | ||||||
| Water Utilities – 0.2% | ||||||||
| Aqua America, Inc. |
11,758 | 369,672 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 41 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree MidCap Earnings Fund (EZM)
March 31, 2013
| Investments | Shares | Value | ||||||
| Wireless Telecommunication Services – 0.7% | ||||||||
| MetroPCS Communications, Inc.* |
81,787 | $ | 891,478 | |||||
| Telephone & Data Systems, Inc. |
11,456 | 241,378 | ||||||
| United States Cellular Corp.* |
9,012 | 324,432 | ||||||
|
|
|
|||||||
| Total Wireless Telecommunication Services | 1,457,288 | |||||||
| TOTAL COMMON STOCKS (Cost: $172,145,959) |
210,628,848 | |||||||
| EXCHANGE-TRADED FUND – 0.4% | ||||||||
| WisdomTree MidCap Dividend Fund(b) (Cost: $690,460) |
12,647 | 824,711 | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 9.7% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund, 0.09%(c) |
||||||||
| (Cost: $20,418,448)(d) | 20,418,448 | 20,418,448 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 109.6% (Cost: $193,254,867) |
231,872,007 | |||||||
| Liabilities in Excess of Other Assets – (9.6)% |
(20,229,308 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 211,642,699 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 8). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $20,346,234 and the total market value of the collateral held by the Fund was $20,761,193 (includes non-cash U.S. Treasury securities collateral having a value of $342,745). |
See Notes to Financial Statements.
| 42 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 112.1% | ||||||||
| COMMON STOCKS – 99.1% | ||||||||
| Aerospace & Defense – 0.8% | ||||||||
| AAR Corp. |
16,851 | $ | 309,890 | |||||
| Aerovironment, Inc.* |
6,443 | 116,812 | ||||||
| American Science & Engineering, Inc. |
1,508 | 91,973 | ||||||
| Astronics Corp.* |
5,100 | 152,082 | ||||||
| GenCorp, Inc.*(a) |
5,142 | 68,389 | ||||||
| KEYW Holding Corp. (The)*(a) |
785 | 12,662 | ||||||
| LMI Aerospace, Inc.* |
4,531 | 94,199 | ||||||
| National Presto Industries, Inc. |
2,893 | 232,886 | ||||||
| Orbital Sciences Corp.* |
22,022 | 367,547 | ||||||
| Taser International, Inc.* |
3,018 | 23,993 | ||||||
|
|
|
|||||||
| Total Aerospace & Defense | 1,470,433 | |||||||
| Air Freight & Logistics – 1.0% | ||||||||
| Air Transport Services Group, Inc.* |
28,926 | 168,639 | ||||||
| Atlas Air Worldwide Holdings, Inc.* |
12,416 | 506,076 | ||||||
| Echo Global Logistics, Inc.* |
3,987 | 88,192 | ||||||
| Forward Air Corp. |
7,471 | 278,594 | ||||||
| HUB Group, Inc. Class A* |
10,275 | 395,176 | ||||||
| Pacer International, Inc.* |
4,051 | 20,377 | ||||||
| Park-Ohio Holdings Corp.* |
12,553 | 415,881 | ||||||
|
|
|
|||||||
| Total Air Freight & Logistics | 1,872,935 | |||||||
| Airlines – 0.7% | ||||||||
| Hawaiian Holdings, Inc.*(a) |
51,294 | 295,454 | ||||||
| SkyWest, Inc. |
7,456 | 119,669 | ||||||
| Spirit Airlines, Inc.* |
33,026 | 837,539 | ||||||
|
|
|
|||||||
| Total Airlines | 1,252,662 | |||||||
| Auto Components – 0.9% | ||||||||
| American Axle & Manufacturing Holdings, Inc.* |
32,535 | 444,103 | ||||||
| Drew Industries, Inc. |
5,590 | 202,973 | ||||||
| Fuel Systems Solutions, Inc.* |
2,393 | 39,413 | ||||||
| Gentherm, Inc.* |
5,834 | 95,561 | ||||||
| Modine Manufacturing Co.* |
7,625 | 69,387 | ||||||
| Spartan Motors, Inc. |
1,020 | 5,416 | ||||||
| Standard Motor Products, Inc. |
14,563 | 403,686 | ||||||
| Superior Industries International, Inc. |
18,100 | 338,108 | ||||||
|
|
|
|||||||
| Total Auto Components | 1,598,647 | |||||||
| Automobiles – 0.1% | ||||||||
| Winnebago Industries, Inc.* |
12,888 | 266,008 | ||||||
| Beverages – 0.2% | ||||||||
| Coca-Cola Bottling Co. Consolidated |
1,925 | 116,116 | ||||||
| National Beverage Corp. |
15,632 | 219,630 | ||||||
|
|
|
|||||||
| Total Beverages | 335,746 | |||||||
| Biotechnology – 1.1% | ||||||||
| Acorda Therapeutics, Inc.* |
6,880 | 220,366 | ||||||
| Astex Pharmaceuticals* |
3,290 | 14,673 | ||||||
| Curis, Inc.*(a) |
2,653 | 8,702 | ||||||
| Emergent Biosolutions, Inc.* |
10,774 | 150,621 | ||||||
| Exelixis, Inc.*(a) |
64,329 | 297,200 | ||||||
| Genomic Health, Inc.* |
1,573 | 44,485 | ||||||
| Immunomedics, Inc.* |
1,335 | 3,217 | ||||||
| PDL BioPharma, Inc.(a) |
136,998 | $ | 1,001,455 | |||||
| Repligen Corp.* |
489 | 3,379 | ||||||
| Spectrum Pharmaceuticals, Inc.(a) |
41,587 | 310,239 | ||||||
|
|
|
|||||||
| Total Biotechnology | 2,054,337 | |||||||
| Building Products – 0.4% | ||||||||
| AAON, Inc. |
5,252 | 144,903 | ||||||
| Apogee Enterprises, Inc. |
2,958 | 85,634 | ||||||
| Gibraltar Industries, Inc.* |
3,026 | 55,224 | ||||||
| Griffon Corp. |
6,083 | 72,509 | ||||||
| Insteel Industries, Inc. |
806 | 13,154 | ||||||
| Nortek, Inc.* |
1,050 | 74,928 | ||||||
| Patrick Industries, Inc.* |
8,302 | 130,840 | ||||||
| Universal Forest Products, Inc. |
2,513 | 100,043 | ||||||
|
|
|
|||||||
| Total Building Products | 677,235 | |||||||
| Capital Markets – 2.8% | ||||||||
| Arlington Asset Investment Corp. Class A |
8,858 | 228,625 | ||||||
| Artio Global Investors, Inc. |
83,185 | 226,263 | ||||||
| BGC Partners, Inc. Class A |
44,373 | 184,592 | ||||||
| Calamos Asset Management, Inc. Class A |
14,407 | 169,570 | ||||||
| Diamond Hill Investment Group, Inc. |
2,017 | 156,943 | ||||||
| Duff & Phelps Corp. Class A |
14,315 | 222,026 | ||||||
| Evercore Partners, Inc. Class A |
3,660 | 152,256 | ||||||
| Fidus Investment Corp. |
10,492 | 200,922 | ||||||
| Financial Engines, Inc. |
5,744 | 208,048 | ||||||
| FXCM, Inc. Class A |
10,492 | 143,531 | ||||||
| Gladstone Investment Corp. |
13,156 | 96,170 | ||||||
| Hercules Technology Growth Capital, Inc. |
24,489 | 299,990 | ||||||
| HFF, Inc. Class A |
17,569 | 350,150 | ||||||
| Horizon Technology Finance Corp. |
9,030 | 131,928 | ||||||
| ICG Group, Inc.* |
17,180 | 214,406 | ||||||
| INTL FCStone, Inc.*(a) |
9,279 | 161,547 | ||||||
| Investment Technology Group, Inc.* |
11,041 | 121,893 | ||||||
| Medley Capital Corp. |
12,127 | 192,213 | ||||||
| Oppenheimer Holdings, Inc. Class A |
5,433 | 105,781 | ||||||
| Piper Jaffray Cos.* |
6,546 | 224,528 | ||||||
| Virtus Investment Partners, Inc.* |
6,158 | 1,147,112 | ||||||
| Westwood Holdings Group, Inc. |
3,589 | 159,459 | ||||||
|
|
|
|||||||
| Total Capital Markets | 5,097,953 | |||||||
| Chemicals – 2.7% | ||||||||
| A. Schulman, Inc. |
8,987 | 283,630 | ||||||
| ADA-ES, Inc.*(a) |
4,039 | 107,316 | ||||||
| American Vanguard Corp. |
5,390 | 164,611 | ||||||
| Arabian American Development Co.* |
8,850 | 74,605 | ||||||
| Balchem Corp. |
5,758 | 253,006 | ||||||
| Calgon Carbon Corp.* |
6,447 | 116,691 | ||||||
| Flotek Industries, Inc.*(a) |
15,150 | 247,702 | ||||||
| FutureFuel Corp. |
16,105 | 195,676 | ||||||
| Hawkins, Inc. |
2,763 | 110,382 | ||||||
| Innophos Holdings, Inc. |
8,202 | 447,501 | ||||||
| Innospec, Inc. |
11,981 | 530,519 | ||||||
| KMG Chemicals, Inc. |
3,799 | 73,852 | ||||||
| Koppers Holdings, Inc. |
5,817 | 255,832 | ||||||
| Landec Corp.* |
5,041 | 72,943 | ||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 43 |
Table of Contents
Schedule of Investments (continued)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2013
| Investments | Shares | Value | ||||||
| LSB Industries, Inc.* |
11,011 | $ | 382,963 | |||||
| OM Group, Inc.* |
10,553 | 247,784 | ||||||
| Omnova Solutions, Inc.* |
21,316 | 163,494 | ||||||
| Quaker Chemical Corp. |
3,991 | 235,549 | ||||||
| Stepan Co. |
6,888 | 434,633 | ||||||
| Tredegar Corp. |
5,523 | 162,597 | ||||||
| Zep, Inc. |
7,973 | 119,675 | ||||||
| Zoltek Cos., Inc.*(a) |
15,463 | 184,783 | ||||||
|
|
|
|||||||
| Total Chemicals | 4,865,744 | |||||||
| Commercial Banks – 12.5% | ||||||||
| 1st Source Corp. |
10,393 | 246,314 | ||||||
| 1st United Bancorp, Inc. |
3,053 | 19,722 | ||||||
| Access National Corp. |
5,390 | 88,396 | ||||||
| Arrow Financial Corp.(a) |
4,187 | 103,168 | ||||||
| BancFirst Corp. |
5,913 | 246,572 | ||||||
| Bancorp, Inc. (The)* |
6,485 | 89,817 | ||||||
| Bank of Marin Bancorp |
2,217 | 88,880 | ||||||
| Bank of the Ozarks, Inc. |
10,701 | 474,589 | ||||||
| Banner Corp. |
7,959 | 253,335 | ||||||
| BBCN Bancorp, Inc. |
25,578 | 334,049 | ||||||
| Boston Private Financial Holdings, Inc. |
22,227 | 219,603 | ||||||
| Bridge Bancorp, Inc. |
2,944 | 63,325 | ||||||
| Bryn Mawr Bank Corp. |
4,487 | 104,457 | ||||||
| Camden National Corp. |
3,626 | 119,948 | ||||||
| Cardinal Financial Corp. |
12,298 | 223,578 | ||||||
| Central Pacific Financial Corp.* |
15,947 | 250,368 | ||||||
| Chemical Financial Corp. |
9,654 | 254,673 | ||||||
| Citizens & Northern Corp. |
6,008 | 117,156 | ||||||
| Citizens Republic Bancorp, Inc.* |
86,748 | 1,956,167 | ||||||
| City Holding Co.(a) |
5,196 | 206,749 | ||||||
| CoBiz Financial, Inc. |
24,398 | 197,136 | ||||||
| Columbia Banking System, Inc. |
12,972 | 285,125 | ||||||
| Community Bank System, Inc. |
13,529 | 400,864 | ||||||
| Community Trust Bancorp, Inc. |
6,692 | 227,729 | ||||||
| CVB Financial Corp. |
37,275 | 420,089 | ||||||
| Eagle Bancorp, Inc.* |
7,573 | 165,773 | ||||||
| Enterprise Financial Services Corp. |
10,104 | 144,891 | ||||||
| Financial Institutions, Inc. |
5,323 | 106,247 | ||||||
| First Bancorp |
155 | 2,091 | ||||||
| First Bancorp, Inc. |
3,616 | 65,124 | ||||||
| First BanCorp.*(a) |
315,319 | 1,964,437 | ||||||
| First Busey Corp. |
19,350 | 88,430 | ||||||
| First California Financial Group, Inc.* |
6,032 | 51,393 | ||||||
| First Commonwealth Financial Corp. |
20,205 | 150,729 | ||||||
| First Community Bancshares, Inc. |
7,240 | 114,754 | ||||||
| First Financial Bancorp |
23,140 | 371,397 | ||||||
| First Financial Bankshares, Inc.(a) |
8,839 | 429,575 | ||||||
| First Financial Corp. |
5,351 | 168,503 | ||||||
| First Interstate BancSystem, Inc. |
17,064 | 320,974 | ||||||
| First Merchants Corp. |
10,287 | 159,140 | ||||||
| First of Long Island Corp. (The) |
3,379 | 100,187 | ||||||
| German American Bancorp, Inc. |
5,165 | 118,847 | ||||||
| Glacier Bancorp, Inc. |
23,038 | 437,261 | ||||||
| Great Southern Bancorp, Inc. |
9,309 | 227,047 | ||||||
| Hanmi Financial Corp.* |
31,126 | $ | 498,016 | |||||
| Heartland Financial USA, Inc. |
7,438 | 187,958 | ||||||
| Heritage Financial Corp. |
4,207 | 61,002 | ||||||
| Home BancShares, Inc. |
8,963 | 337,636 | ||||||
| Horizon Bancorp |
4,456 | 90,056 | ||||||
| Independent Bank Corp. |
7,683 | 250,389 | ||||||
| International Bancshares Corp. |
25,910 | 538,928 | ||||||
| Lakeland Bancorp, Inc. |
9,386 | 92,452 | ||||||
| Lakeland Financial Corp. |
6,547 | 174,739 | ||||||
| MainSource Financial Group, Inc. |
10,156 | 142,590 | ||||||
| MB Financial, Inc. |
22,554 | 545,130 | ||||||
| Metro Bancorp, Inc.* |
3,567 | 58,998 | ||||||
| MidWestOne Financial Group, Inc. |
3,703 | 88,168 | ||||||
| National Bankshares, Inc.(a) |
2,923 | 102,100 | ||||||
| NBT Bancorp, Inc. |
12,744 | 282,280 | ||||||
| Northrim BanCorp, Inc. |
2,728 | 61,298 | ||||||
| Old National Bancorp |
37,764 | 519,255 | ||||||
| OmniAmerican Bancorp, Inc.* |
1,188 | 30,033 | ||||||
| Oriental Financial Group, Inc. |
10,587 | 164,204 | ||||||
| Pacific Continental Corp. |
4,288 | 47,897 | ||||||
| PacWest Bancorp |
9,886 | 287,781 | ||||||
| Park National Corp.(a) |
3,839 | 267,924 | ||||||
| Park Sterling Corp.* |
1,865 | 10,519 | ||||||
| Peoples Bancorp, Inc. |
4,605 | 103,106 | ||||||
| Pinnacle Financial Partners, Inc.* |
8,264 | 193,047 | ||||||
| Renasant Corp. |
6,453 | 144,418 | ||||||
| Republic Bancorp, Inc. Class A |
19,874 | 449,947 | ||||||
| S&T Bancorp, Inc. |
8,619 | 159,796 | ||||||
| S.Y. Bancorp, Inc. |
5,655 | 127,238 | ||||||
| Sandy Spring Bancorp, Inc. |
8,704 | 174,950 | ||||||
| SCBT Financial Corp.(a) |
3,406 | 171,662 | ||||||
| Simmons First National Corp. Class A |
5,029 | 127,334 | ||||||
| Southside Bancshares, Inc.(a) |
8,287 | 174,110 | ||||||
| State Bank Financial Corp. |
9,050 | 148,149 | ||||||
| StellarOne Corp. |
7,305 | 117,976 | ||||||
| Sterling Bancorp |
11,537 | 117,216 | ||||||
| Taylor Capital Group, Inc.*(a) |
26,362 | 421,528 | ||||||
| Tompkins Financial Corp. |
3,566 | 150,771 | ||||||
| TowneBank |
9,907 | 148,308 | ||||||
| Trico Bancshares |
5,771 | 98,684 | ||||||
| Union First Market Bankshares Corp. |
10,744 | 210,153 | ||||||
| United Community Banks, Inc.* |
14,864 | 168,558 | ||||||
| Univest Corp. of Pennsylvania |
6,106 | 106,367 | ||||||
| Virginia Commerce Bancorp, Inc.* |
13,560 | 190,518 | ||||||
| Washington Trust Bancorp, Inc. |
6,161 | 168,688 | ||||||
| WesBanco, Inc. |
10,329 | 247,380 | ||||||
| West Coast Bancorp |
7,332 | 178,021 | ||||||
| Westamerica Bancorp.(a) |
9,657 | 437,752 | ||||||
| Western Alliance Bancorp* |
20,580 | 284,827 | ||||||
| Wilshire Bancorp, Inc.* |
70,751 | 479,692 | ||||||
|
|
|
|||||||
| Total Commercial Banks | 22,518,158 | |||||||
| Commercial Services & Supplies – 2.3% | ||||||||
| ABM Industries, Inc. |
14,321 | 318,499 | ||||||
| ACCO Brands Corp.* |
96,538 | 644,874 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Acorn Energy, Inc.(a) |
1,100 | $ | 8,085 | |||||
| CECO Environmental Corp. |
5,427 | 70,171 | ||||||
| Consolidated Graphics, Inc.* |
1,937 | 75,737 | ||||||
| Courier Corp. |
4,146 | 59,744 | ||||||
| Ennis, Inc. |
7,290 | 109,860 | ||||||
| G&K Services, Inc. Class A |
4,284 | 194,965 | ||||||
| Heritage-Crystal Clean, Inc.*(a) |
761 | 11,491 | ||||||
| Herman Miller, Inc. |
17,548 | 485,553 | ||||||
| InnerWorkings, Inc.*(a) |
6,662 | 100,863 | ||||||
| Interface, Inc. |
6,396 | 122,931 | ||||||
| Intersections, Inc.(a) |
10,746 | 101,120 | ||||||
| Kimball International, Inc. Class B |
7,402 | 67,062 | ||||||
| Knoll, Inc. |
15,220 | 275,938 | ||||||
| McGrath Rentcorp |
7,940 | 246,934 | ||||||
| Mobile Mini, Inc.* |
7,895 | 232,350 | ||||||
| Multi-Color Corp. |
4,825 | 124,437 | ||||||
| Quad Graphics, Inc. |
14,229 | 340,642 | ||||||
| Standard Parking Corp.* |
2,842 | 58,829 | ||||||
| Team, Inc.* |
4,497 | 184,692 | ||||||
| TMS International Corp. Class A* |
10,359 | 136,739 | ||||||
| U.S. Ecology, Inc. |
5,684 | 150,910 | ||||||
| Viad Corp. |
3,497 | 96,727 | ||||||
|
|
|
|||||||
| Total Commercial Services & Supplies | 4,219,153 | |||||||
| Communications Equipment – 1.0% | ||||||||
| Anaren, Inc.* |
2,256 | 43,744 | ||||||
| Bel Fuse, Inc. Class B |
1,508 | 23,540 | ||||||
| Black Box Corp. |
7,259 | 158,319 | ||||||
| CalAmp Corp.* |
6,494 | 71,239 | ||||||
| Comtech Telecommunications Corp. |
6,392 | 155,198 | ||||||
| Digi International, Inc.* |
3,936 | 35,148 | ||||||
| Emulex Corp.* |
13,981 | 91,296 | ||||||
| Extreme Networks, Inc.* |
20,483 | 69,028 | ||||||
| Globecomm Systems, Inc.* |
6,865 | 82,448 | ||||||
| Ixia* |
15,907 | 344,227 | ||||||
| KVH Industries, Inc.* |
905 | 12,281 | ||||||
| Oplink Communications, Inc.* |
1,027 | 16,843 | ||||||
| Procera Networks, Inc.* |
1,598 | 19,000 | ||||||
| Symmetricom, Inc.* |
7,361 | 33,419 | ||||||
| Telular Corp. |
2,881 | 28,983 | ||||||
| TESSCO Technologies, Inc. |
4,086 | 88,421 | ||||||
| Ubiquiti Networks, Inc.(a) |
39,733 | 545,137 | ||||||
|
|
|
|||||||
| Total Communications Equipment | 1,818,271 | |||||||
| Computers & Peripherals – 1.1% | ||||||||
| Cray, Inc.* |
26,845 | 623,073 | ||||||
| Datalink Corp.* |
5,926 | 71,586 | ||||||
| Electronics For Imaging, Inc.* |
10,501 | 266,305 | ||||||
| QLogic Corp.* |
45,653 | 529,575 | ||||||
| Super Micro Computer, Inc.* |
10,993 | 124,111 | ||||||
| Synaptics, Inc.* |
8,147 | 331,501 | ||||||
|
|
|
|||||||
| Total Computers & Peripherals | 1,946,151 | |||||||
| Construction & Engineering – 1.0% | ||||||||
| Aegion Corp.* |
11,528 | 266,873 | ||||||
| Ameresco, Inc. Class A* |
14,159 | 104,777 | ||||||
| Argan, Inc. |
4,128 | $ | 61,548 | |||||
| Comfort Systems USA, Inc. |
5,358 | 75,494 | ||||||
| Dycom Industries, Inc.* |
7,417 | 146,041 | ||||||
| Furmanite Corp.* |
15,852 | 106,050 | ||||||
| Granite Construction, Inc. |
5,975 | 190,244 | ||||||
| Great Lakes Dredge & Dock Corp. |
2,326 | 15,654 | ||||||
| Layne Christensen Co.* |
1,867 | 39,916 | ||||||
| Michael Baker Corp. |
3,351 | 82,099 | ||||||
| MYR Group, Inc.* |
5,930 | 145,641 | ||||||
| Northwest Pipe Co.* |
2,622 | 73,364 | ||||||
| Pike Electric Corp. |
8,865 | 126,149 | ||||||
| Primoris Services Corp. |
17,524 | 387,456 | ||||||
|
|
|
|||||||
| Total Construction & Engineering | 1,821,306 | |||||||
| Consumer Finance – 2.3% | ||||||||
| Cash America International, Inc. |
17,062 | 895,243 | ||||||
| DFC Global Corp.* |
21,859 | 363,734 | ||||||
| Encore Capital Group, Inc.*(a) |
16,066 | 483,587 | ||||||
| EZCORP, Inc. Class A* |
40,154 | 855,280 | ||||||
| Green Dot Corp. Class A*(a) |
23,371 | 390,530 | ||||||
| Netspend Holdings, Inc.* |
12,265 | 194,891 | ||||||
| Regional Management Corp.* |
12,092 | 244,258 | ||||||
| World Acceptance Corp.*(a) |
8,106 | 696,062 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 4,123,585 | |||||||
| Containers & Packaging – 0.3% | ||||||||
| AEP Industries, Inc.* |
1,913 | 137,373 | ||||||
| Boise, Inc. |
35,784 | 309,889 | ||||||
| Myers Industries, Inc. |
9,001 | 125,654 | ||||||
|
|
|
|||||||
| Total Containers & Packaging | 572,916 | |||||||
| Distributors – 0.3% | ||||||||
| Core-Mark Holding Co., Inc. |
3,244 | 166,450 | ||||||
| VOXX International Corp.* |
20,355 | 218,002 | ||||||
| Weyco Group, Inc. |
3,581 | 87,770 | ||||||
|
|
|
|||||||
| Total Distributors | 472,222 | |||||||
| Diversified Consumer Services – 2.0% | ||||||||
| American Public Education, Inc.*(a) |
5,802 | 202,432 | ||||||
| Bridgepoint Education, Inc.*(a) |
66,976 | 685,164 | ||||||
| Capella Education Co.* |
6,782 | 211,191 | ||||||
| Career Education Corp.* |
33,383 | 79,118 | ||||||
| Carriage Services, Inc. |
3,210 | 68,213 | ||||||
| Corinthian Colleges, Inc.* |
48,894 | 102,677 | ||||||
| Education Management Corp.*(a) |
85,396 | 313,403 | ||||||
| Grand Canyon Education, Inc.* |
13,285 | 337,306 | ||||||
| K12, Inc.*(a) |
4,027 | 97,091 | ||||||
| Matthews International Corp. Class A |
9,691 | 338,119 | ||||||
| Regis Corp.(a) |
21,708 | 394,869 | ||||||
| Stewart Enterprises, Inc. Class A(a) |
43,082 | 400,232 | ||||||
| Strayer Education, Inc.(a) |
7,391 | 357,577 | ||||||
| Universal Technical Institute, Inc. |
6,743 | 85,164 | ||||||
|
|
|
|||||||
| Total Diversified Consumer Services | 3,672,556 | |||||||
| Diversified Financial Services – 0.6% | ||||||||
| Interactive Brokers Group, Inc. Class A |
22,204 | 331,062 | ||||||
| MarketAxess Holdings, Inc. |
9,713 | 362,295 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Marlin Business Services Corp. |
6,949 | $ | 161,147 | |||||
| NewStar Financial, Inc.* |
13,912 | 184,056 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 1,038,560 | |||||||
| Diversified Telecommunication Services – 0.9% | ||||||||
| 8x8, Inc.* |
44,539 | 305,092 | ||||||
| Alaska Communications Systems Group, Inc. |
54,383 | 90,276 | ||||||
| Atlantic Tele-Network, Inc. |
5,815 | 282,086 | ||||||
| Cincinnati Bell, Inc.* |
11,298 | 36,832 | ||||||
| Cogent Communications Group, Inc. |
327 | 8,633 | ||||||
| Consolidated Communications Holdings, Inc. |
3,889 | 68,252 | ||||||
| General Communication, Inc. Class A* |
4,395 | 40,302 | ||||||
| Hawaiian Telcom Holdco, Inc.* |
4,945 | 114,081 | ||||||
| IDT Corp. Class B |
21,995 | 265,260 | ||||||
| Iridium Communications, Inc.*(a) |
47,962 | 288,731 | ||||||
| Lumos Networks Corp. |
2,877 | 38,782 | ||||||
| ORBCOMM, Inc.* |
6,916 | 36,032 | ||||||
| Premiere Global Services, Inc.* |
12,585 | 138,309 | ||||||
|
|
|
|||||||
| Total Diversified Telecommunication Services | 1,712,668 | |||||||
| Electric Utilities – 0.4% | ||||||||
| Empire District Electric Co. (The) |
12,556 | 281,254 | ||||||
| MGE Energy, Inc. |
5,929 | 328,704 | ||||||
| Unitil Corp. |
3,198 | 89,960 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 699,918 | |||||||
| Electrical Equipment – 0.6% | ||||||||
| AZZ, Inc. |
6,940 | 334,508 | ||||||
| Encore Wire Corp. |
4,945 | 173,174 | ||||||
| Global Power Equipment Group, Inc. |
4,745 | 83,607 | ||||||
| II-VI, Inc.* |
15,122 | 257,679 | ||||||
| LSI Industries, Inc. |
2,825 | 19,718 | ||||||
| Powell Industries, Inc.* |
1,333 | 70,076 | ||||||
| Thermon Group Holdings, Inc.* |
4,754 | 105,586 | ||||||
| Vicor Corp.* |
4,234 | 21,043 | ||||||
|
|
|
|||||||
| Total Electrical Equipment | 1,065,391 | |||||||
| Electronic Equipment, Instruments & Components – 3.7% | ||||||||
| Audience, Inc.* |
3,015 | 45,979 | ||||||
| Badger Meter, Inc. |
2,492 | 133,372 | ||||||
| Benchmark Electronics, Inc.* |
13,078 | 235,666 | ||||||
| Coherent, Inc. |
6,387 | 362,398 | ||||||
| Daktronics, Inc. |
5,971 | 62,695 | ||||||
| DTS, Inc.* |
3,806 | 63,294 | ||||||
| Electro Rent Corp. |
7,531 | 139,625 | ||||||
| FARO Technologies, Inc.* |
3,479 | 150,954 | ||||||
| Insight Enterprises, Inc.* |
29,184 | 601,774 | ||||||
| Invensense, Inc.*(a) |
17,248 | 184,209 | ||||||
| Key Tronic Corp.* |
7,122 | 81,618 | ||||||
| Maxwell Technologies, Inc.*(a) |
5,510 | 29,699 | ||||||
| Measurement Specialties, Inc.* |
4,341 | 172,642 | ||||||
| Mercury Systems, Inc.* |
4,831 | 35,604 | ||||||
| Mesa Laboratories, Inc. |
839 | 44,459 | ||||||
| Methode Electronics, Inc. |
5,695 | 73,352 | ||||||
| MTS Systems Corp. |
5,057 | 294,064 | ||||||
| Multi-Fineline Electronix, Inc.* |
8,294 | 127,976 | ||||||
| Newport Corp.* |
20,642 | $ | 349,263 | |||||
| OSI Systems, Inc.* |
3,865 | 240,751 | ||||||
| Park Electrochemical Corp. |
3,492 | 88,487 | ||||||
| PC Connection, Inc. |
14,272 | 233,347 | ||||||
| Plexus Corp.* |
12,621 | 306,816 | ||||||
| Power-One, Inc.*(a) |
101,585 | 421,578 | ||||||
| RealD, Inc.*(a) |
3,586 | 46,618 | ||||||
| Richardson Electronics Ltd. |
3,337 | 39,577 | ||||||
| Rofin-Sinar Technologies, Inc.* |
9,827 | 266,213 | ||||||
| Rogers Corp.* |
7,256 | 345,531 | ||||||
| Sanmina Corp.* |
83,521 | 948,799 | ||||||
| Scansource, Inc.* |
12,113 | 341,829 | ||||||
| Universal Display Corp.*(a) |
4,150 | 121,968 | ||||||
| Vishay Precision Group, Inc.* |
3,232 | 47,478 | ||||||
|
|
|
|||||||
| Total Electronic Equipment, Instruments & Components | 6,637,635 | |||||||
| Energy Equipment & Services – 2.4% | ||||||||
| Basic Energy Services, Inc.*(a) |
27,997 | 382,719 | ||||||
| Bolt Technology Corp. |
2,007 | 35,042 | ||||||
| C&J Energy Services, Inc.*(a) |
47,994 | 1,099,063 | ||||||
| Dawson Geophysical Co.* |
2,412 | 72,360 | ||||||
| Geospace Technologies Corp.* |
2,093 | 225,877 | ||||||
| Global Geophysical Services, Inc.* |
20,452 | 50,107 | ||||||
| Gulf Island Fabrication, Inc. |
1,108 | 23,334 | ||||||
| Gulfmark Offshore, Inc. Class A |
6,348 | 247,318 | ||||||
| Heckmann Corp.*(a) |
8,525 | 36,572 | ||||||
| ION Geophysical Corp.* |
33,193 | 226,044 | ||||||
| Key Energy Services, Inc.* |
88,705 | 716,736 | ||||||
| Matrix Service Co.* |
7,374 | 109,873 | ||||||
| Mitcham Industries, Inc.* |
11,914 | 201,585 | ||||||
| Natural Gas Services Group, Inc.* |
3,415 | 65,773 | ||||||
| Newpark Resources* |
45,913 | 426,073 | ||||||
| PHI, Inc.* |
2,669 | 91,307 | ||||||
| Pioneer Energy Services Corp.* |
22,793 | 188,042 | ||||||
| RigNet, Inc.* |
3,062 | 76,366 | ||||||
| TGC Industries, Inc. |
9,099 | 90,080 | ||||||
|
|
|
|||||||
| Total Energy Equipment & Services | 4,364,271 | |||||||
| Food & Staples Retailing – 1.3% | ||||||||
| Andersons, Inc. (The) |
9,746 | 521,606 | ||||||
| Chefs’ Warehouse, Inc. (The)* |
5,091 | 94,031 | ||||||
| Ingles Markets, Inc. Class A |
11,718 | 251,703 | ||||||
| Nash Finch Co. |
7,287 | 142,680 | ||||||
| Pantry, Inc. (The)* |
2,371 | 29,566 | ||||||
| Roundy’s, Inc. |
46,839 | 307,732 | ||||||
| Spartan Stores, Inc. |
9,644 | 169,252 | ||||||
| Susser Holdings Corp.* |
5,866 | 299,811 | ||||||
| Village Super Market, Inc. Class A |
4,544 | 153,087 | ||||||
| Weis Markets, Inc. |
10,556 | 429,629 | ||||||
|
|
|
|||||||
| Total Food & Staples Retailing | 2,399,097 | |||||||
| Food Products – 1.0% | ||||||||
| Alico, Inc. |
2,515 | 116,319 | ||||||
| Annie’s, Inc.*(a) |
1,435 | 54,903 | ||||||
| Boulder Brands, Inc.*(a) |
3,013 | 27,057 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Calavo Growers, Inc. |
3,055 | $ | 87,923 | |||||
| Cal-Maine Foods, Inc. |
8,086 | 344,140 | ||||||
| Diamond Foods, Inc.*(a) |
16,404 | 276,571 | ||||||
| Dole Food Co., Inc.*(a) |
12,094 | 131,825 | ||||||
| Inventure Foods, Inc.* |
4,403 | 34,255 | ||||||
| J&J Snack Foods Corp. |
3,997 | 307,329 | ||||||
| John B. Sanfilippo & Son, Inc. |
5,712 | 114,126 | ||||||
| Omega Protein Corp.* |
3,610 | 38,808 | ||||||
| Sanderson Farms, Inc. |
2,078 | 113,500 | ||||||
| Seneca Foods Corp. Class A* |
5,906 | 195,016 | ||||||
|
|
|
|||||||
| Total Food Products | 1,841,772 | |||||||
| Gas Utilities – 0.4% | ||||||||
| Chesapeake Utilities Corp. |
2,805 | 137,585 | ||||||
| Delta Natural Gas Co., Inc. |
1,446 | 31,610 | ||||||
| Laclede Group, Inc. (The) |
8,072 | 344,674 | ||||||
| Northwest Natural Gas Co. |
6,838 | 299,641 | ||||||
|
|
|
|||||||
| Total Gas Utilities | 813,510 | |||||||
| Health Care Equipment & Supplies – 1.4% | ||||||||
| Abaxis, Inc. |
1,918 | 90,760 | ||||||
| ABIOMED, Inc.*(a) |
4,733 | 88,365 | ||||||
| Analogic Corp. |
2,897 | 228,921 | ||||||
| Anika Therapeutics, Inc.* |
4,978 | 72,280 | ||||||
| Atrion Corp. |
594 | 114,042 | ||||||
| Cantel Medical Corp. |
5,164 | 155,230 | ||||||
| CONMED Corp. |
7,594 | 258,652 | ||||||
| CryoLife, Inc. |
5,670 | 34,077 | ||||||
| Cynosure, Inc. Class A* |
1,664 | 43,547 | ||||||
| Exactech, Inc.* |
3,183 | 65,856 | ||||||
| Greatbatch, Inc.* |
1,587 | 47,404 | ||||||
| ICU Medical, Inc.* |
3,044 | 179,444 | ||||||
| Integra LifeSciences Holdings Corp.* |
4,428 | 172,736 | ||||||
| Invacare Corp. |
2,084 | 27,196 | ||||||
| Masimo Corp. |
15,090 | 296,066 | ||||||
| Meridian Bioscience, Inc.(a) |
7,704 | 175,805 | ||||||
| Merit Medical Systems, Inc.* |
8,684 | 106,466 | ||||||
| Neogen Corp.* |
2,498 | 123,826 | ||||||
| PhotoMedex, Inc.*(a) |
4,516 | 72,662 | ||||||
| Rochester Medical Corp.* |
718 | 10,497 | ||||||
| RTI Biologics, Inc.* |
11,103 | 43,746 | ||||||
| Spectranetics Corp.* |
692 | 12,823 | ||||||
| SurModics, Inc.* |
2,478 | 67,525 | ||||||
| Symmetry Medical, Inc.* |
2,000 | 22,900 | ||||||
| Vascular Solutions, Inc.* |
3,226 | 52,326 | ||||||
| Wright Medical Group, Inc.* |
288 | 6,857 | ||||||
|
|
|
|||||||
| Total Health Care Equipment & Supplies | 2,570,009 | |||||||
| Health Care Providers & Services – 2.3% | ||||||||
| Acadia Healthcare Co., Inc.* |
293 | 8,611 | ||||||
| Accretive Health, Inc.*(a) |
6,785 | 68,936 | ||||||
| Almost Family, Inc. |
4,738 | 96,797 | ||||||
| Amedisys, Inc.* |
15,591 | 173,372 | ||||||
| AMN Healthcare Services, Inc.* |
3,810 | 60,312 | ||||||
| Amsurg Corp.* |
10,344 | 347,972 | ||||||
| Assisted Living Concepts, Inc. Class A(a) |
3,515 | 41,793 | ||||||
| Bio-Reference Labs, Inc.*(a) |
6,797 | $ | 176,586 | |||||
| BioScrip, Inc.* |
427 | 5,427 | ||||||
| Capital Senior Living Corp.* |
147 | 3,885 | ||||||
| Chindex International, Inc.* |
1,332 | 18,302 | ||||||
| Corvel Corp.* |
2,720 | 134,613 | ||||||
| Ensign Group, Inc. (The) |
8,525 | 284,735 | ||||||
| Five Star Quality Care, Inc.* |
59,395 | 397,353 | ||||||
| Gentiva Health Services, Inc.* |
15,575 | 168,522 | ||||||
| Hanger, Inc.* |
11,287 | 355,879 | ||||||
| IPC The Hospitalist Co., Inc.* |
4,065 | 180,811 | ||||||
| Kindred Healthcare, Inc.* |
5,374 | 56,588 | ||||||
| Landauer, Inc. |
1,974 | 111,294 | ||||||
| National Healthcare Corp. |
5,028 | 229,880 | ||||||
| PharMerica Corp.* |
9,166 | 128,324 | ||||||
| Providence Service Corp. (The)* |
3,009 | 55,637 | ||||||
| Skilled Healthcare Group, Inc. Class A* |
17,120 | 112,478 | ||||||
| Triple-S Management Corp. Class B* |
14,519 | 252,921 | ||||||
| U.S. Physical Therapy, Inc. |
3,161 | 84,873 | ||||||
| Universal American Corp. |
12,553 | 104,567 | ||||||
| Vanguard Health Systems, Inc.* |
36,508 | 542,874 | ||||||
|
|
|
|||||||
| Total Health Care Providers & Services | 4,203,342 | |||||||
| Health Care Technology – 0.5% | ||||||||
| Computer Programs & Systems, Inc. |
2,621 | 141,822 | ||||||
| Greenway Medical Technologies, Inc.*(a) |
1,005 | 15,979 | ||||||
| HealthStream, Inc.* |
1,589 | 36,452 | ||||||
| MedAssets, Inc.* |
3,060 | 58,905 | ||||||
| Medidata Solutions, Inc.* |
4,629 | 268,389 | ||||||
| Omnicell, Inc.* |
4,554 | 85,980 | ||||||
| Quality Systems, Inc. |
18,631 | 340,575 | ||||||
| Vocera Communications, Inc.* |
373 | 8,579 | ||||||
|
|
|
|||||||
| Total Health Care Technology | 956,681 | |||||||
| Hotels, Restaurants & Leisure – 4.0% | ||||||||
| AFC Enterprises* |
5,153 | 187,209 | ||||||
| Ameristar Casinos, Inc. |
18,871 | 494,986 | ||||||
| Biglari Holdings, Inc.* |
339 | 126,511 | ||||||
| BJ’s Restaurants, Inc.* |
5,119 | 170,360 | ||||||
| Bob Evans Farms, Inc. |
8,458 | 360,480 | ||||||
| Bravo Brio Restaurant Group, Inc.* |
6,337 | 100,315 | ||||||
| CEC Entertainment, Inc. |
7,022 | 229,971 | ||||||
| Churchill Downs, Inc. |
4,049 | 283,592 | ||||||
| Denny’s Corp.* |
107,237 | 618,758 | ||||||
| DineEquity, Inc. |
5,417 | 372,635 | ||||||
| Einstein Noah Restaurant Group, Inc. |
4,641 | 68,826 | ||||||
| Fiesta Restaurant Group, Inc.* |
871 | 23,142 | ||||||
| Ignite Restaurant Group, Inc.* |
6,061 | 88,976 | ||||||
| Interval Leisure Group, Inc. |
8,742 | 190,051 | ||||||
| Isle of Capri Casinos, Inc.* |
3,874 | 24,367 | ||||||
| Jack In The Box, Inc.* |
7,490 | 259,079 | ||||||
| Krispy Kreme Doughnuts, Inc.* |
85,415 | 1,233,393 | ||||||
| Marcus Corp. |
8,774 | 109,587 | ||||||
| Multimedia Games Holding Co., Inc.* |
7,820 | 163,203 | ||||||
| Pinnacle Entertainment, Inc.* |
12,366 | 180,791 | ||||||
| Red Robin Gourmet Burgers, Inc.* |
3,526 | 160,786 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Ruby Tuesday, Inc.* |
8,741 | $ | 64,421 | |||||
| SHFL Entertainment, Inc.* |
13,079 | 216,719 | ||||||
| Sonic Corp.* |
17,113 | 220,415 | ||||||
| Speedway Motorsports, Inc. |
10,647 | 191,540 | ||||||
| Texas Roadhouse, Inc. |
21,663 | 437,376 | ||||||
| Town Sports International Holdings, Inc. |
7,408 | 70,080 | ||||||
| WMS Industries, Inc.* |
20,572 | 518,620 | ||||||
|
|
|
|||||||
| Total Hotels, Restaurants & Leisure | 7,166,189 | |||||||
| Household Durables – 1.1% | ||||||||
| American Greetings Corp. Class A |
7,617 | 122,634 | ||||||
| Bassett Furniture Industries, Inc. |
4,349 | 69,410 | ||||||
| Blyth, Inc.(a) |
4,601 | 79,873 | ||||||
| Cavco Industries, Inc.* |
601 | 28,589 | ||||||
| Ethan Allen Interiors, Inc.(a) |
10,607 | 349,182 | ||||||
| Flexsteel Industries, Inc. |
3,127 | 77,362 | ||||||
| Hooker Furniture Corp. |
2,172 | 34,622 | ||||||
| iRobot Corp.*(a) |
8,598 | 220,625 | ||||||
| La-Z-Boy, Inc. |
16,388 | 309,241 | ||||||
| Libbey, Inc.* |
2,360 | 45,619 | ||||||
| M/I Homes, Inc.* |
877 | 21,443 | ||||||
| NACCO Industries, Inc. Class A |
5,000 | 266,800 | ||||||
| Skullcandy, Inc.*(a) |
16,815 | 88,783 | ||||||
| Universal Electronics, Inc.* |
5,060 | 117,645 | ||||||
| Zagg, Inc.*(a) |
15,349 | 111,741 | ||||||
|
|
|
|||||||
| Total Household Durables | 1,943,569 | |||||||
| Household Products – 0.2% | ||||||||
| Central Garden and Pet Co. Class A* |
10,108 | 83,088 | ||||||
| Orchids Paper Products Co. |
2,350 | 54,826 | ||||||
| WD-40 Co. |
3,799 | 208,071 | ||||||
|
|
|
|||||||
| Total Household Products | 345,985 | |||||||
| Industrial Conglomerates – 0.2% | ||||||||
| Raven Industries, Inc. |
10,132 | 340,537 | ||||||
| Insurance – 3.0% | ||||||||
| American Equity Investment Life Holding Co.(a) |
32,803 | 488,437 | ||||||
| AMERISAFE, Inc. |
4,792 | 170,308 | ||||||
| Baldwin & Lyons, Inc. Class B |
6,888 | 163,866 | ||||||
| Citizens, Inc.* |
2,233 | 18,735 | ||||||
| Donegal Group, Inc. Class A |
3,445 | 52,605 | ||||||
| eHealth, Inc.* |
1,327 | 23,727 | ||||||
| EMC Insurance Group, Inc. |
6,140 | 161,666 | ||||||
| Employers Holdings, Inc. |
9,510 | 223,010 | ||||||
| FBL Financial Group, Inc. Class A |
10,069 | 391,281 | ||||||
| Homeowners Choice, Inc.(a) |
4,768 | 129,928 | ||||||
| Horace Mann Educators Corp. |
22,613 | 471,481 | ||||||
| Infinity Property & Casualty Corp. |
2,395 | 134,599 | ||||||
| Kansas City Life Insurance Co. |
3,126 | 122,320 | ||||||
| National Financial Partners Corp.* |
6,273 | 140,703 | ||||||
| National Interstate Corp. |
6,704 | 200,986 | ||||||
| National Western Life Insurance Co. Class A |
1,984 | 349,184 | ||||||
| Navigators Group, Inc. (The)* |
3,904 | 229,360 | ||||||
| Phoenix Cos., Inc. (The)*(a) |
6,652 | 204,682 | ||||||
| Safety Insurance Group, Inc. |
5,594 | 274,945 | ||||||
| Selective Insurance Group, Inc. |
13,504 | 324,231 | ||||||
| State Auto Financial Corp. |
23,165 | $ | 403,534 | |||||
| Stewart Information Services Corp.(a) |
8,184 | 208,446 | ||||||
| United Fire Group, Inc. |
12,615 | 321,304 | ||||||
| Universal Insurance Holdings, Inc. |
35,329 | 171,346 | ||||||
|
|
|
|||||||
| Total Insurance | 5,380,684 | |||||||
| Internet & Catalog Retail – 0.2% | ||||||||
| 1-800-FLOWERS.COM, Inc. Class A* |
15,121 | 75,151 | ||||||
| Blue Nile, Inc.*(a) |
981 | 33,795 | ||||||
| Nutrisystem, Inc. |
2,712 | 22,998 | ||||||
| Overstock.com, Inc.*(a) |
852 | 10,497 | ||||||
| PetMed Express, Inc.(a) |
6,975 | 93,570 | ||||||
| Shutterfly, Inc.* |
960 | 42,403 | ||||||
|
|
|
|||||||
| Total Internet & Catalog Retail | 278,414 | |||||||
| Internet Software & Services – 1.5% | ||||||||
| Bankrate, Inc.*(a) |
16,877 | 201,511 | ||||||
| Blucora, Inc.* |
14,140 | 218,887 | ||||||
| Constant Contact, Inc.* |
8,659 | 112,394 | ||||||
| Dealertrack Technologies, Inc.* |
10,900 | 320,242 | ||||||
| Dice Holdings, Inc.* |
21,599 | 218,798 | ||||||
| Digital River, Inc.* |
3,033 | 42,887 | ||||||
| Earthlink, Inc. |
9,349 | 50,672 | ||||||
| Envestnet, Inc.* |
1,846 | 32,323 | ||||||
| Internap Network Services Corp.* |
471 | 4,404 | ||||||
| Keynote Systems, Inc. |
1,587 | 22,155 | ||||||
| LivePerson, Inc.* |
3,642 | 49,458 | ||||||
| LogMein, Inc.* |
783 | 15,049 | ||||||
| Monster Worldwide, Inc.*(a) |
32,290 | 163,710 | ||||||
| Move, Inc.* |
4,470 | 53,416 | ||||||
| NIC, Inc. |
7,266 | 139,217 | ||||||
| OpenTable, Inc.*(a) |
2,357 | 148,444 | ||||||
| Perficient, Inc.* |
6,560 | 76,490 | ||||||
| QuinStreet, Inc.*(a) |
5,990 | 35,760 | ||||||
| Responsys, Inc.* |
4,923 | 43,569 | ||||||
| SciQuest, Inc.* |
761 | 18,294 | ||||||
| SPS Commerce, Inc.* |
1,916 | 81,756 | ||||||
| Stamps.com, Inc.* |
8,313 | 207,576 | ||||||
| Synacor, Inc.*(a) |
9,108 | 27,233 | ||||||
| Travelzoo, Inc.*(a) |
5,933 | 126,788 | ||||||
| United Online, Inc. |
31,464 | 189,728 | ||||||
| XO Group, Inc.* |
4,086 | 40,860 | ||||||
| Zix Corp.* |
40,740 | 145,849 | ||||||
|
|
|
|||||||
| Total Internet Software & Services | 2,787,470 | |||||||
| IT Services – 2.8% | ||||||||
| CACI International, Inc. Class A* |
14,406 | 833,675 | ||||||
| Cardtronics, Inc.* |
8,501 | 233,438 | ||||||
| Cass Information Systems, Inc. |
2,866 | 120,487 | ||||||
| CIBER, Inc.* |
7,887 | 37,069 | ||||||
| Computer Task Group, Inc. |
3,814 | 81,581 | ||||||
| CSG Systems International, Inc.* |
11,588 | 245,550 | ||||||
| EPAM Systems, Inc.* |
13,080 | 303,848 | ||||||
| Euronet Worldwide, Inc.* |
8,983 | 236,612 | ||||||
| ExlService Holdings, Inc.* |
7,186 | 236,276 | ||||||
| Forrester Research, Inc. |
5,516 | 174,581 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Global Cash Access Holdings, Inc.* |
13,171 | $ | 92,856 | |||||
| Hackett Group, Inc. (The) |
24,044 | 109,881 | ||||||
| Heartland Payment Systems, Inc. |
10,692 | 352,515 | ||||||
| Higher One Holdings, Inc.*(a) |
15,560 | 138,328 | ||||||
| iGate Corp.* |
11,771 | 221,413 | ||||||
| Lionbridge Technologies, Inc.* |
13,418 | 51,928 | ||||||
| ManTech International Corp. Class A(a) |
20,112 | 540,409 | ||||||
| MoneyGram International, Inc.* |
2,847 | 51,531 | ||||||
| PRGX Global, Inc.* |
3,898 | 27,091 | ||||||
| SYKES Enterprises, Inc.* |
10,870 | 173,485 | ||||||
| TeleTech Holdings, Inc.* |
18,361 | 389,437 | ||||||
| Unisys Corp.* |
12,721 | 289,403 | ||||||
| Virtusa Corp.* |
7,420 | 176,299 | ||||||
|
|
|
|||||||
| Total IT Services | 5,117,693 | |||||||
| Leisure Equipment & Products – 0.8% | ||||||||
| Arctic Cat, Inc.* |
4,914 | 214,742 | ||||||
| Black Diamond, Inc.*(a) |
3,040 | 27,694 | ||||||
| Johnson Outdoors, Inc. Class A* |
7,056 | 168,215 | ||||||
| LeapFrog Enterprises, Inc.*(a) |
36,399 | 311,575 | ||||||
| Nautilus, Inc.* |
9,050 | 66,065 | ||||||
| Smith & Wesson Holding Corp.*(a) |
26,187 | 235,683 | ||||||
| Steinway Musical Instruments* |
1,732 | 41,603 | ||||||
| Sturm Ruger & Co., Inc. |
6,896 | 349,834 | ||||||
|
|
|
|||||||
| Total Leisure Equipment & Products | 1,415,411 | |||||||
| Life Sciences Tools & Services – 0.1% | ||||||||
| Cambrex Corp.* |
9,156 | 117,105 | ||||||
| Luminex Corp.* |
3,460 | 57,159 | ||||||
|
|
|
|||||||
| Total Life Sciences Tools & Services | 174,264 | |||||||
| Machinery – 4.2% | ||||||||
| Alamo Group, Inc. |
4,998 | 191,174 | ||||||
| Altra Holdings, Inc. |
8,343 | 227,096 | ||||||
| American Railcar Industries, Inc. |
6,215 | 290,489 | ||||||
| Ampco-Pittsburgh Corp. |
1,677 | 31,712 | ||||||
| Astec Industries, Inc. |
5,758 | 201,127 | ||||||
| Barnes Group, Inc. |
17,579 | 508,561 | ||||||
| Blount International, Inc.* |
13,323 | 178,262 | ||||||
| Briggs & Stratton Corp. |
6,994 | 173,451 | ||||||
| CIRCOR International, Inc. |
4,057 | 172,423 | ||||||
| Columbus McKinnon Corp.* |
10,487 | 201,875 | ||||||
| Commercial Vehicle Group, Inc.* |
40,004 | 312,031 | ||||||
| Douglas Dynamics, Inc. |
4,743 | 65,548 | ||||||
| Dynamic Materials Corp. |
4,247 | 73,898 | ||||||
| EnPro Industries, Inc.* |
4,776 | 244,388 | ||||||
| ESCO Technologies, Inc. |
5,227 | 213,575 | ||||||
| Federal Signal Corp.* |
4,708 | 38,323 | ||||||
| Flow International Corp.* |
14,717 | 57,543 | ||||||
| FreightCar America, Inc. |
6,222 | 135,764 | ||||||
| Gorman-Rupp Co. (The) |
5,049 | 151,722 | ||||||
| Graham Corp. |
1,367 | 33,820 | ||||||
| Greenbrier Cos., Inc (The)* |
13,061 | 296,615 | ||||||
| Hurco Cos., Inc.* |
2,909 | 79,212 | ||||||
| John Bean Technologies Corp. |
7,341 | 152,326 | ||||||
| Kadant, Inc.* |
5,963 | 149,075 | ||||||
| L.B. Foster Co. Class A |
1,692 | $ | 74,939 | |||||
| Lindsay Corp.(a) |
2,808 | 247,609 | ||||||
| Lydall, Inc.* |
4,496 | 69,014 | ||||||
| Meritor, Inc.* |
96,116 | 454,629 | ||||||
| Miller Industries, Inc. |
4,804 | 77,104 | ||||||
| NN, Inc.* |
12,433 | 117,616 | ||||||
| Proto Labs, Inc.*(a) |
2,588 | 127,071 | ||||||
| RBC Bearings, Inc.* |
6,297 | 318,376 | ||||||
| Standex International Corp. |
4,470 | 246,833 | ||||||
| Sun Hydraulics Corp. |
6,972 | 226,660 | ||||||
| Tennant Co. |
4,402 | 213,761 | ||||||
| Titan International, Inc. |
25,785 | 543,548 | ||||||
| Trimas Corp.* |
10,313 | 334,863 | ||||||
| Twin Disc, Inc.(a) |
6,680 | 167,534 | ||||||
| Wabash National Corp.* |
17,838 | 181,234 | ||||||
|
|
|
|||||||
| Total Machinery | 7,580,801 | |||||||
| Marine – 0.1% | ||||||||
| Matson, Inc. |
7,914 | 194,684 | ||||||
| Rand Logistics, Inc.* |
958 | 5,868 | ||||||
|
|
|
|||||||
| Total Marine | 200,552 | |||||||
| Media – 2.9% | ||||||||
| Arbitron, Inc. |
6,230 | 292,000 | ||||||
| Belo Corp. Class A |
67,453 | 663,063 | ||||||
| Carmike Cinemas, Inc.* |
2,565 | 46,478 | ||||||
| Digital Generation, Inc.*(a) |
2,568 | 16,512 | ||||||
| Entercom Communications Corp. Class A*(a) |
12,259 | 91,207 | ||||||
| EW Scripps Co. Class A* |
9,882 | 118,880 | ||||||
| Fisher Communications, Inc. |
2,031 | 79,696 | ||||||
| Harte-Hanks, Inc. |
18,108 | 141,061 | ||||||
| Journal Communications, Inc. Class A* |
21,810 | 146,563 | ||||||
| LIN TV Corp. Class A* |
47,073 | 517,332 | ||||||
| McClatchy Co. (The) Class A*(a) |
93,985 | 272,557 | ||||||
| National CineMedia, Inc. |
7,374 | 116,362 | ||||||
| New York Times Co. (The) Class A* |
30,567 | 299,557 | ||||||
| Nexstar Broadcasting Group, Inc. Class A |
11,881 | 213,858 | ||||||
| ReachLocal, Inc.* |
231 | 3,456 | ||||||
| Saga Communications, Inc. Class A |
2,173 | 100,523 | ||||||
| Scholastic Corp. |
18,714 | 498,728 | ||||||
| Sinclair Broadcast Group, Inc. Class A |
44,118 | 892,948 | ||||||
| Valassis Communications, Inc. |
23,385 | 698,510 | ||||||
| World Wrestling Entertainment, Inc. Class A |
13,707 | 120,896 | ||||||
|
|
|
|||||||
| Total Media | 5,330,187 | |||||||
| Metals & Mining – 1.9% | ||||||||
| AMCOL International Corp. |
10,726 | 323,818 | ||||||
| Globe Specialty Metals, Inc. |
9,793 | 136,319 | ||||||
| Gold Resource Corp.(a) |
23,909 | 311,534 | ||||||
| Haynes International, Inc. |
4,558 | 252,057 | ||||||
| Kaiser Aluminum Corp. |
6,208 | 401,347 | ||||||
| Materion Corp. |
4,370 | 124,545 | ||||||
| Metals USA Holdings Corp. |
18,726 | 386,692 | ||||||
| Noranda Aluminum Holding Corp. |
56,533 | 253,833 | ||||||
| Olympic Steel, Inc. |
4,213 | 100,691 | ||||||
| RTI International Metals, Inc.* |
3,422 | 108,443 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Schnitzer Steel Industries, Inc. Class A |
4,376 | $ | 116,664 | |||||
| SunCoke Energy, Inc.* |
24,237 | 395,790 | ||||||
| Universal Stainless & Alloy* |
2,459 | 89,385 | ||||||
| US Silica Holdings, Inc. |
19,882 | 468,818 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 3,469,936 | |||||||
| Multiline Retail – 0.2% | ||||||||
| Fred’s, Inc. Class A |
12,986 | 177,649 | ||||||
| Gordmans Stores, Inc.* |
8,861 | 103,762 | ||||||
| Tuesday Morning Corp.* |
2,255 | 17,499 | ||||||
|
|
|
|||||||
| Total Multiline Retail | 298,910 | |||||||
| Multi-Utilities – 0.2% | ||||||||
| CH Energy Group, Inc. |
4,564 | 298,440 | ||||||
| Oil, Gas & Consumable Fuels – 2.8% | ||||||||
| Abraxas Petroleum Corp.*(a) |
60,009 | 138,621 | ||||||
| Adams Resources & Energy, Inc. |
3,975 | 202,725 | ||||||
| Alon USA Energy, Inc. |
15,517 | 295,599 | ||||||
| Bonanza Creek Energy, Inc.* |
5,457 | 211,022 | ||||||
| Callon Petroleum Co.* |
88,501 | 327,454 | ||||||
| Carrizo Oil & Gas, Inc.* |
10,239 | 263,859 | ||||||
| Clayton Williams Energy, Inc.* |
2,267 | 99,136 | ||||||
| Cloud Peak Energy, Inc.* |
48,270 | 906,510 | ||||||
| Contango Oil & Gas Co. |
6,997 | 280,510 | ||||||
| EPL Oil & Gas, Inc.* |
6,173 | 165,498 | ||||||
| Evolution Petroleum Corp.* |
2,731 | 27,720 | ||||||
| Matador Resources Co.*(a) |
4,231 | 37,487 | ||||||
| Northern Oil and Gas, Inc.*(a) |
23,588 | 339,195 | ||||||
| Resolute Energy Corp.* |
2,608 | 30,018 | ||||||
| REX American Resources Corp.* |
5,017 | 110,976 | ||||||
| Rex Energy Corp.* |
23,475 | 386,868 | ||||||
| Stone Energy Corp.* |
36,864 | 801,792 | ||||||
| Swift Energy Co.*(a) |
9,664 | 143,124 | ||||||
| Synergy Resources Corp.* |
11,276 | 77,353 | ||||||
| Vaalco Energy, Inc.* |
17,939 | 136,157 | ||||||
| Warren Resources, Inc.* |
27,524 | 88,352 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 5,069,976 | |||||||
| Paper & Forest Products – 1.6% | ||||||||
| Buckeye Technologies, Inc. |
19,002 | 569,110 | ||||||
| Clearwater Paper Corp.* |
6,977 | 367,618 | ||||||
| Deltic Timber Corp. |
571 | 39,239 | ||||||
| KapStone Paper and Packaging Corp. |
30,398 | 845,065 | ||||||
| Neenah Paper, Inc. |
6,857 | 210,921 | ||||||
| PH Glatfelter Co. |
13,920 | 325,450 | ||||||
| Schweitzer-Mauduit International, Inc. |
13,195 | 511,042 | ||||||
|
|
|
|||||||
| Total Paper & Forest Products | 2,868,445 | |||||||
| Personal Products – 0.8% | ||||||||
| Female Health Co. (The) |
8,008 | 57,978 | ||||||
| Inter Parfums, Inc. |
6,599 | 161,214 | ||||||
| Lifevantage Corp.*(a) |
28,801 | 67,682 | ||||||
| Medifast, Inc.* |
3,125 | 71,625 | ||||||
| Nature’s Sunshine Products, Inc. |
9,160 | 139,598 | ||||||
| Prestige Brands Holdings, Inc.* |
10,794 | 277,298 | ||||||
| Revlon, Inc. Class A* |
14,582 | $ | 326,054 | |||||
| USANA Health Sciences, Inc.*(a) |
8,362 | 404,135 | ||||||
|
|
|
|||||||
| Total Personal Products | 1,505,584 | |||||||
| Pharmaceuticals – 0.7% | ||||||||
| BioDelivery Sciences International, Inc.*(a) |
16,152 | 68,000 | ||||||
| Hi-Tech Pharmacal Co., Inc. |
5,733 | 189,820 | ||||||
| Medicines Co. (The)* |
10,941 | 365,648 | ||||||
| Obagi Medical Products, Inc.* |
5,208 | 102,858 | ||||||
| POZEN, Inc.* |
40,046 | 211,042 | ||||||
| Santarus, Inc.* |
6,905 | 119,664 | ||||||
| Sciclone Pharmaceuticals, Inc.* |
39,386 | 181,175 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 1,238,207 | |||||||
| Professional Services – 2.4% | ||||||||
| Acacia Research Corp.* |
9,595 | 289,481 | ||||||
| Barrett Business Services, Inc. |
1,010 | 53,187 | ||||||
| CBIZ, Inc.*(a) |
21,182 | 135,141 | ||||||
| CDI Corp. |
4,044 | 69,557 | ||||||
| CRA International, Inc.* |
1,301 | 29,103 | ||||||
| Exponent, Inc. |
3,386 | 182,641 | ||||||
| GP Strategies Corp.* |
5,513 | 131,540 | ||||||
| Heidrick & Struggles International, Inc. |
830 | 12,409 | ||||||
| Huron Consulting Group, Inc.* |
3,720 | 149,990 | ||||||
| ICF International, Inc.* |
7,974 | 216,893 | ||||||
| Insperity, Inc. |
6,169 | 175,015 | ||||||
| Kelly Services, Inc. Class A |
21,186 | 395,754 | ||||||
| Kforce, Inc. |
3,019 | 49,421 | ||||||
| Korn/Ferry International* |
14,993 | 267,775 | ||||||
| Mistras Group, Inc.* |
4,881 | 118,169 | ||||||
| Navigant Consulting, Inc.* |
20,894 | 274,547 | ||||||
| On Assignment, Inc.* |
9,943 | 251,657 | ||||||
| Pendrell Corp.* |
333,424 | 553,484 | ||||||
| Resources Connection, Inc. |
9,211 | 116,980 | ||||||
| RPX Corp.* |
18,921 | 266,975 | ||||||
| TrueBlue, Inc.* |
11,325 | 239,411 | ||||||
| VSE Corp. |
5,333 | 133,272 | ||||||
| WageWorks, Inc.* |
8,806 | 220,414 | ||||||
|
|
|
|||||||
| Total Professional Services | 4,332,816 | |||||||
| Real Estate Investment Trusts (REITs) – 1.3% | ||||||||
| Acadia Realty Trust |
4,023 | 111,719 | ||||||
| Agree Realty Corp. |
2,615 | 78,711 | ||||||
| American Assets Trust, Inc. |
1,252 | 40,077 | ||||||
| Campus Crest Communities, Inc. |
3,989 | 55,447 | ||||||
| CapLease, Inc. |
3,515 | 22,391 | ||||||
| Chesapeake Lodging Trust |
4,367 | 100,179 | ||||||
| Coresite Realty Corp. |
521 | 18,225 | ||||||
| Franklin Street Properties Corp. |
9,018 | 131,843 | ||||||
| Gladstone Commercial Corp.(a) |
39 | 759 | ||||||
| Inland Real Estate Corp. |
986 | 9,949 | ||||||
| Investors Real Estate Trust |
3,326 | 32,828 | ||||||
| LTC Properties, Inc. |
6,806 | 277,208 | ||||||
| Monmouth Real Estate Investment Corp. Class A |
6,887 | 76,790 | ||||||
| One Liberty Properties, Inc. |
2,917 | 63,357 | ||||||
| Pebblebrook Hotel Trust |
1,874 | 48,330 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Retail Opportunity Investments Corp.(a) |
2,363 | $ | 33,106 | |||||
| Sabra Health Care REIT, Inc. |
5,068 | 147,023 | ||||||
| Saul Centers, Inc. |
1,859 | 81,313 | ||||||
| Select Income REIT |
13,341 | 352,869 | ||||||
| Sun Communities, Inc. |
512 | 25,257 | ||||||
| UMH Properties, Inc. |
1,057 | 10,855 | ||||||
| Universal Health Realty Income Trust |
7,823 | 451,465 | ||||||
| Urstadt Biddle Properties, Inc. Class A |
3,932 | 85,560 | ||||||
| Whitestone REIT |
822 | 12,445 | ||||||
|
|
|
|||||||
| Total Real Estate Investment Trusts (REITs) | 2,267,706 | |||||||
| Real Estate Management & Development – 0.1% | ||||||||
| Tejon Ranch Co.* |
1,449 | 43,151 | ||||||
| Zillow, Inc. Class A*(a) |
1,175 | 64,237 | ||||||
|
|
|
|||||||
| Total Real Estate Management & Development | 107,388 | |||||||
| Road & Rail – 1.5% | ||||||||
| Celadon Group, Inc. |
7,905 | 164,898 | ||||||
| Heartland Express, Inc. |
20,257 | 270,228 | ||||||
| Knight Transportation, Inc. |
20,615 | 331,902 | ||||||
| Marten Transport Ltd. |
7,343 | 147,815 | ||||||
| Quality Distribution, Inc.* |
40,278 | 338,738 | ||||||
| Roadrunner Transportation Systems, Inc.* |
10,101 | 232,323 | ||||||
| Saia, Inc.* |
6,686 | 241,833 | ||||||
| Swift Transportation Co.* |
59,878 | 849,070 | ||||||
| Universal Truckload Services, Inc.* |
5,253 | 122,552 | ||||||
|
|
|
|||||||
| Total Road & Rail | 2,699,359 | |||||||
| Semiconductors & Semiconductor Equipment – 2.7% | ||||||||
| Advanced Energy Industries, Inc.* |
5,079 | 92,946 | ||||||
| Amkor Technology, Inc.*(a) |
104,776 | 419,104 | ||||||
| Brooks Automation, Inc. |
21,643 | 220,326 | ||||||
| Cabot Microelectronics Corp.* |
5,859 | 203,600 | ||||||
| Ceva, Inc.* |
4,785 | 74,646 | ||||||
| Diodes, Inc.* |
7,140 | 149,797 | ||||||
| Entegris, Inc.* |
52,456 | 517,216 | ||||||
| Entropic Communications, Inc.* |
8,644 | 35,181 | ||||||
| GT Advanced Technologies, Inc.*(a) |
184,662 | 607,538 | ||||||
| Integrated Device Technology, Inc.* |
3,540 | 26,444 | ||||||
| Integrated Silicon Solution, Inc.* |
1,130 | 10,362 | ||||||
| Intersil Corp. Class A |
1,701 | 14,816 | ||||||
| IXYS Corp. |
11,477 | 110,064 | ||||||
| Kulicke & Soffa Industries, Inc.* |
40,940 | 473,266 | ||||||
| Lattice Semiconductor Corp.* |
23,553 | 128,364 | ||||||
| MA-COM Technology Solutions Holdings, Inc.* |
7,219 | 116,009 | ||||||
| Micrel, Inc. |
11,303 | 118,795 | ||||||
| Monolithic Power Systems, Inc. |
4,185 | 101,988 | ||||||
| Nanometrics, Inc.* |
3,524 | 50,851 | ||||||
| NVE Corp.* |
988 | 55,743 | ||||||
| Omnivision Technologies, Inc.* |
8,301 | 114,388 | ||||||
| PDF Solutions, Inc.* |
5,254 | 84,169 | ||||||
| Photronics, Inc.* |
32,188 | 215,016 | ||||||
| Rudolph Technologies, Inc.* |
8,310 | 97,892 | ||||||
| Supertex, Inc. |
789 | 17,524 | ||||||
| Ultra Clean Holdings* |
15,276 | 99,294 | ||||||
| Ultratech, Inc.* |
6,350 | 251,016 | ||||||
| Veeco Instruments, Inc.*(a) |
10,539 | $ | 403,960 | |||||
| Volterra Semiconductor Corp.* |
6,682 | 94,884 | ||||||
|
|
|
|||||||
| Total Semiconductors & Semiconductor Equipment | 4,905,199 | |||||||
| Software – 1.5% | ||||||||
| Actuate Corp.* |
12,733 | 76,398 | ||||||
| Advent Software, Inc.* |
6,630 | 185,441 | ||||||
| American Software, Inc. Class A |
7,102 | 59,089 | ||||||
| Blackbaud, Inc. |
2,058 | 60,979 | ||||||
| BroadSoft, Inc.*(a) |
1,899 | 50,267 | ||||||
| Digimarc Corp. |
1,827 | 40,139 | ||||||
| Ebix, Inc.(a) |
20,220 | 327,968 | ||||||
| Ellie Mae, Inc.* |
3,040 | 73,112 | ||||||
| EPIQ Systems, Inc. |
3,772 | 52,921 | ||||||
| Exa Corp.* |
7,296 | 69,458 | ||||||
| Interactive Intelligence Group, Inc.* |
601 | 26,654 | ||||||
| Manhattan Associates, Inc.* |
4,233 | 314,470 | ||||||
| MicroStrategy, Inc. Class A* |
1,037 | 104,820 | ||||||
| Monotype Imaging Holdings, Inc. |
8,190 | 194,512 | ||||||
| Netscout Systems, Inc.* |
7,346 | 180,491 | ||||||
| Pegasystems, Inc. |
1,343 | 37,711 | ||||||
| PROS Holdings, Inc.* |
1,539 | 41,815 | ||||||
| Synchronoss Technologies, Inc.* |
6,383 | 198,064 | ||||||
| Tangoe, Inc.* |
769 | 9,528 | ||||||
| TeleNav, Inc.* |
17,400 | 112,230 | ||||||
| VASCO Data Security International, Inc.* |
15,313 | 129,242 | ||||||
| Verint Systems, Inc.* |
5,232 | 191,230 | ||||||
| Websense, Inc.* |
8,056 | 120,840 | ||||||
|
|
|
|||||||
| Total Software | 2,657,379 | |||||||
| Specialty Retail – 4.1% | ||||||||
| Aeropostale, Inc.* |
23,190 | 315,384 | ||||||
| America’s Car-Mart, Inc.* |
4,168 | 194,812 | ||||||
| Asbury Automotive Group, Inc.* |
12,589 | 461,890 | ||||||
| bebe Stores, Inc. |
8,408 | 35,061 | ||||||
| Big 5 Sporting Goods Corp. |
4,377 | 68,325 | ||||||
| Body Central Corp.* |
7,567 | 71,130 | ||||||
| Brown Shoe Co., Inc. |
1,506 | 24,096 | ||||||
| Cato Corp. (The) Class A |
11,523 | 278,165 | ||||||
| Children’s Place Retail Stores, Inc. (The)* |
6,962 | 312,037 | ||||||
| Conn’s, Inc.*(a) |
2,905 | 104,290 | ||||||
| Destination Maternity Corp. |
3,368 | 78,811 | ||||||
| Destination XL Group, Inc.* |
72,391 | 368,470 | ||||||
| Finish Line, Inc. (The) Class A |
23,168 | 453,861 | ||||||
| Francesca’s Holdings Corp.*(a) |
6,490 | 186,003 | ||||||
| Haverty Furniture Cos., Inc. |
7,702 | 158,353 | ||||||
| hhgregg, Inc.*(a) |
20,752 | 229,310 | ||||||
| Hot Topic, Inc. |
5,876 | 81,559 | ||||||
| Jos. A. Bank Clothiers, Inc.*(a) |
11,234 | 448,237 | ||||||
| Kirkland’s, Inc.* |
7,767 | 89,010 | ||||||
| Lithia Motors, Inc. Class A |
10,020 | 475,750 | ||||||
| MarineMax, Inc.* |
601 | 8,168 | ||||||
| Mattress Firm Holding Corp.*(a) |
10,242 | 353,759 | ||||||
| Monro Muffler Brake, Inc.(a) |
6,966 | 276,620 | ||||||
| Office Depot, Inc.* |
29,704 | 116,737 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| PEP Boys-Manny Moe & Jack (The)* |
18,546 | $ | 218,657 | |||||
| rue21, Inc.* |
7,167 | 210,638 | ||||||
| Shoe Carnival, Inc. |
6,800 | 138,992 | ||||||
| Sonic Automotive, Inc. Class A |
21,146 | 468,595 | ||||||
| Stage Stores, Inc. |
8,580 | 222,050 | ||||||
| Stein Mart, Inc. |
10,107 | 84,697 | ||||||
| Systemax, Inc. |
18,005 | 178,250 | ||||||
| Tilly’s, Inc. Class A* |
11,614 | 147,730 | ||||||
| TravelCenters of America LLC* |
34,125 | 327,259 | ||||||
| West Marine, Inc.* |
6,043 | 69,071 | ||||||
| Zumiez, Inc.*(a) |
9,917 | 227,099 | ||||||
|
|
|
|||||||
| Total Specialty Retail | 7,482,876 | |||||||
| Textiles, Apparel & Luxury Goods – 1.7% | ||||||||
| Cherokee, Inc. |
2,155 | 29,524 | ||||||
| Crocs, Inc.* |
50,724 | 751,730 | ||||||
| Culp, Inc. |
5,092 | 81,014 | ||||||
| G-III Apparel Group Ltd.* |
7,172 | 287,669 | ||||||
| Jones Group, Inc. (The) |
22,900 | 291,288 | ||||||
| Maidenform Brands, Inc.* |
6,553 | 114,874 | ||||||
| Movado Group, Inc. |
6,498 | 217,813 | ||||||
| Oxford Industries, Inc. |
3,344 | 177,566 | ||||||
| Perry Ellis International, Inc. |
3,938 | 71,632 | ||||||
| Quiksilver, Inc.* |
66,014 | 400,705 | ||||||
| R.G. Barry Corp. |
5,176 | 69,307 | ||||||
| True Religion Apparel, Inc. |
9,459 | 246,974 | ||||||
| Unifi, Inc.* |
5,979 | 114,199 | ||||||
| Vera Bradley, Inc.*(a) |
11,616 | 274,486 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 3,128,781 | |||||||
| Thrifts & Mortgage Finance – 2.3% | ||||||||
| Astoria Financial Corp. |
25,105 | 247,535 | ||||||
| Bank Mutual Corp. |
6,924 | 38,290 | ||||||
| Beneficial Mutual Bancorp, Inc.* |
8,497 | 87,519 | ||||||
| Berkshire Hills Bancorp, Inc. |
6,519 | 166,495 | ||||||
| Bofi Holding, Inc.* |
5,035 | 180,656 | ||||||
| Brookline Bancorp, Inc. |
19,202 | 175,506 | ||||||
| Dime Community Bancshares, Inc. |
16,353 | 234,829 | ||||||
| Federal Agricultural Mortgage Corp. Class C |
1,357 | 41,782 | ||||||
| First Defiance Financial Corp. |
4,367 | 101,839 | ||||||
| First Financial Holdings, Inc. |
3,795 | 79,543 | ||||||
| Flagstar Bancorp, Inc.* |
16,585 | 231,029 | ||||||
| Flushing Financial Corp. |
10,729 | 181,749 | ||||||
| Fox Chase Bancorp, Inc. |
1,481 | 25,014 | ||||||
| Franklin Financial Corp. |
1,382 | 25,222 | ||||||
| HomeStreet, Inc.* |
12,818 | 286,354 | ||||||
| Northfield Bancorp, Inc. |
7,264 | 82,519 | ||||||
| Northwest Bancshares, Inc. |
25,704 | 326,184 | ||||||
| OceanFirst Financial Corp. |
7,682 | 110,775 | ||||||
| Oritani Financial Corp. |
10,850 | 168,067 | ||||||
| Provident Financial Holdings, Inc. |
4,836 | 82,260 | ||||||
| Provident Financial Services, Inc. |
22,349 | 341,269 | ||||||
| Provident New York Bancorp |
10,521 | 95,426 | ||||||
| Rockville Financial, Inc. |
5,719 | 74,118 | ||||||
| Territorial Bancorp, Inc. |
3,090 | 73,480 | ||||||
| TrustCo Bank Corp. |
32,635 | 182,103 | ||||||
| United Financial Bancorp, Inc. |
3,546 | $ | 53,899 | |||||
| ViewPoint Financial Group |
8,126 | 163,414 | ||||||
| Walker & Dunlop, Inc.* |
9,873 | 177,418 | ||||||
| Westfield Financial, Inc. |
4,044 | 31,462 | ||||||
| WSFS Financial Corp. |
3,167 | 154,043 | ||||||
|
|
|
|||||||
| Total Thrifts & Mortgage Finance | 4,219,799 | |||||||
| Tobacco – 0.5% | ||||||||
| Alliance One International, Inc.* |
21,582 | 83,954 | ||||||
| Universal Corp. |
13,508 | 756,988 | ||||||
|
|
|
|||||||
| Total Tobacco | 840,942 | |||||||
| Trading Companies & Distributors – 1.6% | ||||||||
| Aceto Corp. |
8,790 | 97,305 | ||||||
| CAI International, Inc.* |
13,772 | 396,909 | ||||||
| DXP Enterprises, Inc.* |
4,914 | 367,076 | ||||||
| H&E Equipment Services, Inc. |
8,541 | 174,237 | ||||||
| Houston Wire & Cable Co. |
7,899 | 102,292 | ||||||
| Kaman Corp. |
7,428 | 263,471 | ||||||
| Rush Enterprises, Inc. Class A* |
16,863 | 406,736 | ||||||
| TAL International Group, Inc. |
17,994 | 815,308 | ||||||
| Titan Machinery, Inc.*(a) |
9,115 | 252,941 | ||||||
|
|
|
|||||||
| Total Trading Companies & Distributors | 2,876,275 | |||||||
| Transportation Infrastructure – 0.3% | ||||||||
| Wesco Aircraft Holdings, Inc.*(a) |
31,951 | 470,319 | ||||||
| Water Utilities – 0.5% | ||||||||
| American States Water Co. |
5,211 | 299,997 | ||||||
| Artesian Resources Corp. Class A |
2,181 | 49,007 | ||||||
| California Water Service Group |
13,381 | 266,282 | ||||||
| Connecticut Water Service, Inc. |
1,783 | 52,117 | ||||||
| Middlesex Water Co. |
3,478 | 67,891 | ||||||
| SJW Corp. |
4,349 | 115,248 | ||||||
| York Water Co. |
2,505 | 47,094 | ||||||
|
|
|
|||||||
| Total Water Utilities | 897,636 | |||||||
| Wireless Telecommunication Services – 0.3% | ||||||||
| Boingo Wireless, Inc.*(a) |
4,353 | 24,029 | ||||||
| NTELOS Holdings Corp. |
9,043 | 115,841 | ||||||
| Shenandoah Telecommunications Co. |
4,432 | 67,499 | ||||||
| USA Mobility, Inc. |
18,553 | 246,198 | ||||||
|
|
|
|||||||
| Total Wireless Telecommunication Services | 453,567 | |||||||
| TOTAL COMMON STOCKS (Cost: $149,921,452) |
179,110,168 | |||||||
| EXCHANGE-TRADED FUND – 0.7% | ||||||||
| WisdomTree MidCap Earnings Fund(a)(b) (Cost: $994,676) |
16,704 | 1,178,467 | ||||||
See Notes to Financial Statements.
| 52 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree SmallCap Earnings Fund (EES)
March 31, 2013
| Investments | Shares | Value | ||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 12.3% | ||||||||
| Dreyfus Institutional Preferred Money Market Fund 0.09%(c) (Cost: $22,182,489)(d) |
22,182,489 | $ | 22,182,489 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 112.1% (Cost: $173,098,617) |
202,471,124 | |||||||
| Liabilities in Excess of Other Assets – (12.1)% |
(21,784,116 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 180,687,008 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 8). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $21,453,108 and the total market value of the collateral held by the Fund was $22,182,489. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 53 |
Table of Contents
Schedule of Investments
WisdomTree LargeCap Value Fund (EZY)
March 31, 2013
| Investments | Shares | Value | ||||||
| UNITED STATES – 100.3% | ||||||||
| COMMON STOCKS – 99.7% | ||||||||
| Aerospace & Defense – 1.5% | ||||||||
| B/E Aerospace, Inc.* |
327 | $ | 19,715 | |||||
| Curtiss-Wright Corp. |
200 | 6,940 | ||||||
| Hexcel Corp.* |
284 | 8,239 | ||||||
| Northrop Grumman Corp. |
2,018 | 141,563 | ||||||
| Raytheon Co. |
2,274 | 133,688 | ||||||
| Teledyne Technologies, Inc.* |
145 | 11,374 | ||||||
| Textron, Inc. |
1,122 | 33,447 | ||||||
| Triumph Group, Inc. |
227 | 17,819 | ||||||
|
|
|
|||||||
| Total Aerospace & Defense | 372,785 | |||||||
| Airlines – 0.6% | ||||||||
| Alaska Air Group, Inc.* |
497 | 31,788 | ||||||
| United Continental Holdings, Inc.* |
3,516 | 112,547 | ||||||
|
|
|
|||||||
| Total Airlines | 144,335 | |||||||
| Auto Components – 0.2% | ||||||||
| Lear Corp. |
842 | 46,200 | ||||||
| Beverages – 0.6% | ||||||||
| Coca-Cola Enterprises, Inc. |
1,621 | 59,847 | ||||||
| Constellation Brands, Inc. Class A* |
1,590 | 75,748 | ||||||
| Monster Beverage Corp.* |
274 | 13,081 | ||||||
|
|
|
|||||||
| Total Beverages | 148,676 | |||||||
| Biotechnology – 0.5% | ||||||||
| Biogen Idec, Inc.* |
610 | 117,675 | ||||||
| Cubist Pharmaceuticals, Inc.* |
194 | 9,083 | ||||||
|
|
|
|||||||
| Total Biotechnology | 126,758 | |||||||
| Building Products – 0.1% | ||||||||
| Armstrong World Industries, Inc.* |
204 | 11,401 | ||||||
| Owens Corning* |
490 | 19,321 | ||||||
|
|
|
|||||||
| Total Building Products | 30,722 | |||||||
| Chemicals – 1.6% | ||||||||
| Airgas, Inc. |
209 | 20,724 | ||||||
| Ashland, Inc. |
166 | 12,334 | ||||||
| CF Industries Holdings, Inc. |
505 | 96,137 | ||||||
| Cytec Industries, Inc. |
180 | 13,334 | ||||||
| Eastman Chemical Co. |
730 | 51,005 | ||||||
| FMC Corp. |
489 | 27,888 | ||||||
| H.B. Fuller Co. |
174 | 6,800 | ||||||
| NewMarket Corp. |
56 | 14,580 | ||||||
| Rockwood Holdings, Inc. |
391 | 25,587 | ||||||
| RPM International, Inc. |
463 | 14,622 | ||||||
| Sensient Technologies Corp. |
206 | 8,053 | ||||||
| Sherwin-Williams Co. (The) |
233 | 39,351 | ||||||
| Valspar Corp. |
404 | 25,149 | ||||||
| Westlake Chemical Corp. |
260 | 24,310 | ||||||
|
|
|
|||||||
| Total Chemicals | 379,874 | |||||||
| Commercial Banks – 0.0% | ||||||||
| UMB Financial Corp. |
139 | 6,821 | ||||||
| Commercial Services & Supplies – 0.2% | ||||||||
| ACCO Brands Corp.* |
226 | 1,510 | ||||||
| Cintas Corp. |
456 | 20,123 | ||||||
| Clean Harbors, Inc.* |
126 | $ | 7,319 | |||||
| KAR Auction Services, Inc. |
450 | 9,014 | ||||||
| Mine Safety Appliances Co. |
106 | 5,260 | ||||||
| Tetra Tech, Inc.* |
174 | 5,305 | ||||||
|
|
|
|||||||
| Total Commercial Services & Supplies | 48,531 | |||||||
| Communications Equipment – 2.4% | ||||||||
| Cisco Systems, Inc. |
24,277 | 507,632 | ||||||
| Motorola Solutions, Inc. |
1,182 | 75,684 | ||||||
| NETGEAR, Inc.* |
146 | 4,892 | ||||||
|
|
|
|||||||
| Total Communications Equipment | 588,208 | |||||||
| Computers & Peripherals – 7.1% | ||||||||
| Apple, Inc. |
3,245 | 1,436,334 | ||||||
| Dell, Inc. |
14,161 | 202,927 | ||||||
| Diebold, Inc. |
273 | 8,278 | ||||||
| NCR Corp.* |
496 | 13,670 | ||||||
| Western Digital Corp. |
1,383 | 69,537 | ||||||
|
|
|
|||||||
| Total Computers & Peripherals | 1,730,746 | |||||||
| Construction & Engineering – 0.1% | ||||||||
| URS Corp. |
563 | 26,692 | ||||||
| Consumer Finance – 2.9% | ||||||||
| American Express Co. |
4,635 | 312,677 | ||||||
| Capital One Financial Corp. |
3,613 | 198,534 | ||||||
| Discover Financial Services |
4,400 | 197,296 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 708,507 | |||||||
| Containers & Packaging – 0.6% | ||||||||
| Ball Corp. |
664 | 31,593 | ||||||
| Bemis Co., Inc. |
432 | 17,436 | ||||||
| Graphic Packaging Holding Co.* |
4,235 | 31,720 | ||||||
| MeadWestvaco Corp. |
688 | 24,974 | ||||||
| Rock-Tenn Co. Class A |
352 | 32,662 | ||||||
| Silgan Holdings, Inc. |
235 | 11,104 | ||||||
|
|
|
|||||||
| Total Containers & Packaging | 149,489 | |||||||
| Distributors – 0.3% | ||||||||
| Genuine Parts Co. |
518 | 40,404 | ||||||
| LKQ Corp.* |
889 | 19,345 | ||||||
| Pool Corp. |
100 | 4,800 | ||||||
|
|
|
|||||||
| Total Distributors | 64,549 | |||||||
| Diversified Consumer Services – 0.0% | ||||||||
| Coinstar, Inc.*(a) |
110 | 6,426 | ||||||
| Diversified Financial Services – 0.2% | ||||||||
| McGraw-Hill Cos., Inc. (The) |
1,077 | 56,090 | ||||||
| Electric Utilities – 4.7% | ||||||||
| American Electric Power Co., Inc. |
2,623 | 127,557 | ||||||
| Cleco Corp. |
278 | 13,074 | ||||||
| Duke Energy Corp. |
2,612 | 189,605 | ||||||
| Edison International |
2,402 | 120,869 | ||||||
| Entergy Corp. |
1,218 | 77,026 | ||||||
| FirstEnergy Corp. |
1,070 | 45,154 | ||||||
| Hawaiian Electric Industries, Inc. |
302 | 8,368 | ||||||
| NextEra Energy, Inc. |
2,023 | 157,147 | ||||||
| Northeast Utilities |
698 | 30,335 | ||||||
See Notes to Financial Statements.
| 54 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2013
| Investments | Shares | Value | ||||||
| NV Energy, Inc. |
631 | $ | 12,639 | |||||
| Pepco Holdings, Inc. |
741 | 15,857 | ||||||
| Pinnacle West Capital Corp. |
426 | 24,661 | ||||||
| Portland General Electric Co. |
362 | 10,979 | ||||||
| PPL Corp. |
3,947 | 123,581 | ||||||
| Southern Co. (The) |
2,893 | 135,740 | ||||||
| UIL Holdings Corp. |
160 | 6,334 | ||||||
| Xcel Energy, Inc. |
1,895 | 56,282 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 1,155,208 | |||||||
| Electrical Equipment – 0.1% | ||||||||
| Generac Holdings, Inc. |
865 | 30,569 | ||||||
| Electronic Equipment, Instruments & Components – 0.6% | ||||||||
| Anixter International, Inc. |
176 | 12,306 | ||||||
| Arrow Electronics, Inc.* |
916 | 37,208 | ||||||
| Avnet, Inc.* |
1,225 | 44,345 | ||||||
| FEI Co. |
151 | 9,747 | ||||||
| Jabil Circuit, Inc. |
1,123 | 20,753 | ||||||
| Molex, Inc. |
668 | 19,559 | ||||||
| Tech Data Corp.* |
265 | 12,087 | ||||||
|
|
|
|||||||
| Total Electronic Equipment, Instruments & Components | 156,005 | |||||||
| Food & Staples Retailing – 7.3% | ||||||||
| Casey’s General Stores, Inc. |
131 | 7,637 | ||||||
| Costco Wholesale Corp. |
1,039 | 110,248 | ||||||
| CVS Caremark Corp. |
4,803 | 264,117 | ||||||
| Harris Teeter Supermarkets, Inc. |
116 | 4,955 | ||||||
| Kroger Co. (The) |
3,951 | 130,936 | ||||||
| PriceSmart, Inc. |
40 | 3,113 | ||||||
| Sysco Corp. |
2,299 | 80,856 | ||||||
| United Natural Foods, Inc.* |
121 | 5,953 | ||||||
| Wal-Mart Stores, Inc. |
15,267 | 1,142,430 | ||||||
| Whole Foods Market, Inc. |
261 | 22,642 | ||||||
|
|
|
|||||||
| Total Food & Staples Retailing | 1,772,887 | |||||||
| Food Products – 2.5% | ||||||||
| ConAgra Foods, Inc. |
1,596 | 57,153 | ||||||
| Darling International, Inc.* |
596 | 10,704 | ||||||
| Flowers Foods, Inc. |
405 | 13,341 | ||||||
| Hain Celestial Group, Inc. (The)*(a) |
121 | 7,391 | ||||||
| Hillshire Brands Co. |
287 | 10,088 | ||||||
| Hormel Foods Corp. |
954 | 39,419 | ||||||
| Ingredion, Inc. |
388 | 28,060 | ||||||
| J.M. Smucker Co. (The) |
438 | 43,432 | ||||||
| Kraft Foods Group, Inc. |
2,090 | 107,698 | ||||||
| Mondelez International, Inc. Class A |
6,271 | 191,955 | ||||||
| Smithfield Foods, Inc.* |
1,480 | 39,190 | ||||||
| Snyder’s-Lance, Inc. |
102 | 2,577 | ||||||
| Tyson Foods, Inc. Class A |
1,994 | 49,491 | ||||||
|
|
|
|||||||
| Total Food Products | 600,499 | |||||||
| Gas Utilities – 0.2% | ||||||||
| New Jersey Resources Corp. |
176 | 7,894 | ||||||
| ONEOK, Inc. |
529 | 25,217 | ||||||
| Southwest Gas Corp. |
171 | 8,116 | ||||||
| WGL Holdings, Inc. |
164 | 7,232 | ||||||
|
|
|
|||||||
| Total Gas Utilities | 48,459 | |||||||
| Health Care Equipment & Supplies – 1.2% | ||||||||
| Abbott Laboratories |
8,078 | $ | 285,315 | |||||
| Health Care Providers & Services – 4.8% | ||||||||
| Aetna, Inc. |
2,668 | 136,388 | ||||||
| AmerisourceBergen Corp. |
1,162 | 59,785 | ||||||
| Cardinal Health, Inc. |
1,457 | 60,640 | ||||||
| Centene Corp.* |
171 | 7,531 | ||||||
| Cigna Corp. |
1,688 | 105,280 | ||||||
| Coventry Health Care, Inc. |
694 | 32,639 | ||||||
| Health Net, Inc.* |
385 | 11,019 | ||||||
| Henry Schein, Inc.* |
301 | 27,857 | ||||||
| Humana, Inc. |
960 | 66,346 | ||||||
| LifePoint Hospitals, Inc.* |
254 | 12,309 | ||||||
| McKesson Corp. |
1,006 | 108,608 | ||||||
| Molina Healthcare, Inc.* |
181 | 5,587 | ||||||
| Omnicare, Inc. |
486 | 19,790 | ||||||
| Quest Diagnostics, Inc. |
785 | 44,313 | ||||||
| UnitedHealth Group, Inc. |
5,362 | 306,760 | ||||||
| WellCare Health Plans, Inc.* |
271 | 15,707 | ||||||
| WellPoint, Inc. |
2,294 | 151,932 | ||||||
|
|
|
|||||||
| Total Health Care Providers & Services | 1,172,491 | |||||||
| Hotels, Restaurants & Leisure – 0.7% | ||||||||
| Brinker International, Inc. |
314 | 11,822 | ||||||
| Buffalo Wild Wings, Inc.* |
30 | 2,626 | ||||||
| Darden Restaurants, Inc. |
561 | 28,992 | ||||||
| Life Time Fitness, Inc.* |
120 | 5,134 | ||||||
| Penn National Gaming, Inc.* |
362 | 19,704 | ||||||
| Starbucks Corp. |
1,178 | 67,099 | ||||||
| Wyndham Worldwide Corp. |
598 | 38,559 | ||||||
|
|
|
|||||||
| Total Hotels, Restaurants & Leisure | 173,936 | |||||||
| Household Durables – 0.3% | ||||||||
| D.R. Horton, Inc. |
553 | 13,438 | ||||||
| Jarden Corp.* |
726 | 31,109 | ||||||
| Lennar Corp. Class A(a) |
155 | 6,430 | ||||||
| Mohawk Industries, Inc.* |
202 | 22,850 | ||||||
|
|
|
|||||||
| Total Household Durables | 73,827 | |||||||
| Household Products – 0.9% | ||||||||
| Church & Dwight Co., Inc. |
369 | 23,849 | ||||||
| Energizer Holdings, Inc. |
328 | 32,711 | ||||||
| Kimberly-Clark Corp. |
1,613 | 158,042 | ||||||
|
|
|
|||||||
| Total Household Products | 214,602 | |||||||
| Independent Power Producers & Energy Traders – 0.1% | ||||||||
| AES Corp. (The) |
2,624 | 32,984 | ||||||
| Industrial Conglomerates – 0.1% | ||||||||
| Carlisle Cos., Inc. |
239 | 16,202 | ||||||
| Insurance – 3.8% | ||||||||
| Allstate Corp. (The) |
1,503 | 73,752 | ||||||
| American Financial Group, Inc. |
541 | 25,633 | ||||||
| AmTrust Financial Services, Inc. |
435 | 15,073 | ||||||
| Arthur J. Gallagher & Co. |
268 | 11,071 | ||||||
| Assurant, Inc. |
825 | 37,133 | ||||||
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, 2013
| Investments | Shares | Value | ||||||
| Chubb Corp. (The) |
1,415 | $ | 123,855 | |||||
| CNA Financial Corp. |
1,274 | 41,647 | ||||||
| CNO Financial Group, Inc. |
3,127 | 35,804 | ||||||
| Erie Indemnity Co. Class A |
137 | 10,348 | ||||||
| Fidelity National Financial, Inc. Class A |
901 | 22,732 | ||||||
| First American Financial Corp. |
415 | 10,611 | ||||||
| Marsh & McLennan Cos., Inc. |
1,975 | 74,991 | ||||||
| Mercury General Corp. |
245 | 9,293 | ||||||
| ProAssurance Corp. |
400 | 18,932 | ||||||
| Progressive Corp. (The) |
2,674 | 67,572 | ||||||
| Protective Life Corp. |
615 | 22,017 | ||||||
| Prudential Financial, Inc. |
3,538 | 208,707 | ||||||
| Reinsurance Group of America, Inc. |
555 | 33,117 | ||||||
| RLI Corp. |
103 | 7,400 | ||||||
| Torchmark Corp. |
635 | 37,973 | ||||||
| W.R. Berkley Corp. |
633 | 28,086 | ||||||
|
|
|
|||||||
| Total Insurance | 915,747 | |||||||
| Internet & Catalog Retail – 0.2% | ||||||||
| HSN, Inc. |
186 | 10,204 | ||||||
| Liberty Interactive Corp. Class A* |
1,865 | 39,874 | ||||||
| Liberty Ventures* |
94 | 7,104 | ||||||
|
|
|
|||||||
| Total Internet & Catalog Retail | 57,182 | |||||||
| Internet Software & Services – 0.1% | ||||||||
| Equinix, Inc.* |
36 | 7,787 | ||||||
| IAC/InterActiveCorp |
204 | 9,115 | ||||||
| ValueClick, Inc.* |
259 | 7,653 | ||||||
|
|
|
|||||||
| Total Internet Software & Services | 24,555 | |||||||
| IT Services – 4.6% | ||||||||
| Booz Allen Hamilton Holding Corp.(a) |
894 | 12,015 | ||||||
| CACI International, Inc. Class A* |
166 | 9,606 | ||||||
| DST Systems, Inc. |
224 | 15,965 | ||||||
| International Business Machines Corp. |
4,943 | 1,054,342 | ||||||
| NeuStar, Inc. Class A* |
208 | 9,678 | ||||||
| Total System Services, Inc. |
598 | 14,819 | ||||||
|
|
|
|||||||
| Total IT Services | 1,116,425 | |||||||
| Leisure Equipment & Products – 0.3% | ||||||||
| Mattel, Inc. |
1,469 | 64,328 | ||||||
| Polaris Industries, Inc. |
172 | 15,908 | ||||||
|
|
|
|||||||
| Total Leisure Equipment & Products | 80,236 | |||||||
| Machinery – 0.7% | ||||||||
| Chart Industries, Inc.* |
40 | 3,200 | ||||||
| Cummins, Inc. |
864 | 100,060 | ||||||
| Kennametal, Inc. |
439 | 17,138 | ||||||
| Lincoln Electric Holdings, Inc. |
284 | 15,387 | ||||||
| Mueller Industries, Inc. |
109 | 5,809 | ||||||
| Valmont Industries, Inc. |
121 | 19,030 | ||||||
| Watts Water Technologies, Inc. Class A |
156 | 7,486 | ||||||
| Woodward, Inc. |
188 | 7,475 | ||||||
|
|
|
|||||||
| Total Machinery | 175,585 | |||||||
| Media – 5.8% | ||||||||
| CBS Corp. Class B |
2,428 | 113,363 | ||||||
| Cinemark Holdings, Inc. |
335 | 9,862 | ||||||
| Comcast Corp. Class A |
8,668 | $ | 364,143 | |||||
| Discovery Communications, Inc. Class A* |
1,179 | 92,835 | ||||||
| Gannett Co., Inc. |
2,557 | 55,922 | ||||||
| News Corp. Class A |
11,214 | 342,251 | ||||||
| Sirius XM Radio, Inc.(a) |
9,480 | 29,198 | ||||||
| Time Warner Cable, Inc. |
1,308 | 125,647 | ||||||
| Time Warner, Inc. |
5,000 | 288,100 | ||||||
|
|
|
|||||||
| Total Media | 1,421,321 | |||||||
| Metals & Mining – 0.1% | ||||||||
| Carpenter Technology Corp. |
111 | 5,471 | ||||||
| Reliance Steel & Aluminum Co. |
381 | 27,116 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 32,587 | |||||||
| Multiline Retail – 2.0% | ||||||||
| Big Lots, Inc.* |
284 | 10,017 | ||||||
| Dillard’s, Inc. Class A |
406 | 31,891 | ||||||
| Dollar General Corp.* |
1,086 | 54,930 | ||||||
| Dollar Tree, Inc.* |
589 | 28,525 | ||||||
| Family Dollar Stores, Inc. |
364 | 21,494 | ||||||
| Macy’s, Inc. |
1,803 | 75,438 | ||||||
| Nordstrom, Inc. |
747 | 41,257 | ||||||
| Saks, Inc.*(a) |
364 | 4,175 | ||||||
| Target Corp. |
3,154 | 215,891 | ||||||
|
|
|
|||||||
| Total Multiline Retail | 483,618 | |||||||
| Multi-Utilities – 2.3% | ||||||||
| Alliant Energy Corp. |
444 | 22,280 | ||||||
| Ameren Corp. |
1,209 | 42,339 | ||||||
| Avista Corp. |
246 | 6,740 | ||||||
| CenterPoint Energy, Inc. |
1,287 | 30,837 | ||||||
| CMS Energy Corp. |
1,117 | 31,209 | ||||||
| Consolidated Edison, Inc. |
1,077 | 65,729 | ||||||
| Dominion Resources, Inc. |
2,152 | 125,203 | ||||||
| DTE Energy Co. |
771 | 52,690 | ||||||
| Integrys Energy Group, Inc. |
272 | 15,820 | ||||||
| NiSource, Inc. |
879 | 25,790 | ||||||
| SCANA Corp. |
524 | 26,808 | ||||||
| Sempra Energy |
1,013 | 80,979 | ||||||
| Vectren Corp. |
274 | 9,705 | ||||||
| Wisconsin Energy Corp. |
864 | 37,057 | ||||||
|
|
|
|||||||
| Total Multi-Utilities | 573,186 | |||||||
| Oil, Gas & Consumable Fuels – 23.3% | ||||||||
| Chevron Corp. |
15,563 | 1,849,196 | ||||||
| ConocoPhillips |
11,425 | 686,642 | ||||||
| CVR Energy, Inc. |
762 | 39,334 | ||||||
| Exxon Mobil Corp. |
28,656 | 2,582,192 | ||||||
| HollyFrontier Corp. |
2,186 | 112,470 | ||||||
| Phillips 66 |
5,729 | 400,858 | ||||||
| World Fuel Services Corp. |
283 | 11,241 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 5,681,933 | |||||||
| Paper & Forest Products – 0.6% | ||||||||
| International Paper Co. |
2,952 | 137,504 | ||||||
| Personal Products – 0.0% | ||||||||
| Nu Skin Enterprises, Inc. Class A |
179 | 7,912 | ||||||
See Notes to Financial Statements.
| 56 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (concluded)
WisdomTree LargeCap Value Fund (EZY)
March 31, 2013
| Investments | Shares | Value | ||||||
| Pharmaceuticals – 4.5% | ||||||||
| Abbvie, Inc. |
8,078 | $ | 329,421 | |||||
| Actavis, Inc.* |
322 | 29,659 | ||||||
| Bristol-Myers Squibb Co. |
7,012 | 288,824 | ||||||
| Eli Lilly & Co. |
7,729 | 438,930 | ||||||
| Questcor Pharmaceuticals, Inc.(a) |
103 | 3,352 | ||||||
| Viropharma, Inc.* |
440 | 11,070 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 1,101,256 | |||||||
| Professional Services – 0.1% | ||||||||
| Advisory Board Co. (The)* |
27 | 1,418 | ||||||
| Towers Watson & Co. Class A |
312 | 21,628 | ||||||
|
|
|
|||||||
| Total Professional Services | 23,046 | |||||||
| Real Estate Investment Trusts (REITs) – 0.1% | ||||||||
| Corrections Corp. of America |
320 | 12,502 | ||||||
| Road & Rail – 0.2% | ||||||||
| AMERCO |
107 | 18,569 | ||||||
| Landstar System, Inc. |
107 | 6,109 | ||||||
| Old Dominion Freight Line, Inc.* |
286 | 10,925 | ||||||
| Ryder System, Inc. |
218 | 13,025 | ||||||
|
|
|
|||||||
| Total Road & Rail | 48,628 | |||||||
| Semiconductors & Semiconductor Equipment – 2.5% | ||||||||
| Intel Corp. |
28,327 | 618,945 | ||||||
| Software – 0.0% | ||||||||
| Fair Isaac Corp. |
125 | 5,711 | ||||||
| Specialty Retail – 4.2% | ||||||||
| Aaron’s, Inc. |
324 | 9,292 | ||||||
| Advance Auto Parts, Inc. |
259 | 21,406 | ||||||
| American Eagle Outfitters, Inc. |
542 | 10,135 | ||||||
| Ascena Retail Group, Inc.* |
592 | 10,982 | ||||||
| AutoNation, Inc.* |
518 | 22,663 | ||||||
| Bed Bath & Beyond, Inc.* |
789 | 50,827 | ||||||
| Cabela’s, Inc.* |
245 | 14,891 | ||||||
| CarMax, Inc.* |
771 | 32,151 | ||||||
| Dick’s Sporting Goods, Inc. |
298 | 14,095 | ||||||
| DSW, Inc. Class A |
213 | 13,589 | ||||||
| Express, Inc.* |
355 | 6,323 | ||||||
| Foot Locker, Inc. |
544 | 18,627 | ||||||
| GameStop Corp. Class A(a) |
1,126 | 31,494 | ||||||
| Gap, Inc. (The) |
1,798 | 63,649 | ||||||
| Genesco, Inc.* |
73 | 4,387 | ||||||
| Home Depot, Inc. (The) |
4,493 | 313,522 | ||||||
| Lowe’s Cos., Inc. |
3,468 | 131,507 | ||||||
| Men’s Wearhouse, Inc. (The) |
182 | 6,083 | ||||||
| O’Reilly Automotive, Inc.* |
326 | 33,431 | ||||||
| Penske Automotive Group, Inc. |
403 | 13,444 | ||||||
| PetSmart, Inc. |
313 | 19,437 | ||||||
| Pier 1 Imports, Inc. |
337 | 7,751 | ||||||
| Rent-A-Center, Inc. |
303 | 11,193 | ||||||
| Ross Stores, Inc. |
652 | 39,524 | ||||||
| Select Comfort Corp.* |
87 | 1,720 | ||||||
| TJX Cos., Inc. (The) |
2,164 | 101,167 | ||||||
| Tractor Supply Co. |
136 | $ | 14,162 | |||||
| Ulta Salon Cosmetics & Fragrance, Inc.* |
79 | 6,412 | ||||||
|
|
|
|||||||
| Total Specialty Retail | 1,023,864 | |||||||
| Textiles, Apparel & Luxury Goods – 1.4% | ||||||||
| Carter’s, Inc.* |
128 | 7,331 | ||||||
| Crocs, Inc.* |
279 | 4,135 | ||||||
| Fossil, Inc.* |
135 | 13,041 | ||||||
| Hanesbrands, Inc.* |
584 | 26,607 | ||||||
| NIKE, Inc. Class B |
2,460 | 145,165 | ||||||
| PVH Corp. |
319 | 34,072 | ||||||
| Ralph Lauren Corp. |
224 | 37,925 | ||||||
| Steven Madden Ltd.* |
144 | 6,212 | ||||||
| VF Corp. |
368 | 61,732 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 336,220 | |||||||
| Thrifts & Mortgage Finance – 0.1% | ||||||||
| Ocwen Financial Corp.* |
515 | 19,529 | ||||||
| Trading Companies & Distributors – 0.3% | ||||||||
| Applied Industrial Technologies, Inc. |
168 | 7,560 | ||||||
| W.W. Grainger, Inc. |
184 | 41,397 | ||||||
| WESCO International, Inc.*(a) |
184 | 13,360 | ||||||
|
|
|
|||||||
| Total Trading Companies & Distributors | 62,317 | |||||||
| Water Utilities – 0.1% | ||||||||
| American Water Works Co., Inc. |
549 | 22,750 | ||||||
| TOTAL COMMON STOCKS (Cost: $20,559,009) |
24,350,952 | |||||||
| EXCHANGE-TRADED FUNDS – 0.2% | ||||||||
| WisdomTree Earnings 500 Fund(b) |
763 | 41,523 | ||||||
| WisdomTree MidCap Earnings Fund(b) |
251 | 17,708 | ||||||
|
|
|
|||||||
| TOTAL EXCHANGE-TRADED FUNDS (Cost: $53,961) |
59,231 | |||||||
| INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED – 0.4% | ||||||||
| Dreyfus Institutional Preferred Money
Market |
||||||||
| (Cost: $99,714)(d) | 99,714 | 99,714 | ||||||
| TOTAL INVESTMENTS IN SECURITIES – 100.3% (Cost: $20,712,684) |
24,509,897 | |||||||
| Liabilities in Excess of Other Assets – (0.3)% |
(82,212 | ) | ||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 24,427,685 | ||||||
| * | Non-income producing security. |
| (a) | Security, or portion thereof, was on loan at March 31, 2013 (See Note 2). |
| (b) | Affiliated company (See Note 8). |
| (c) | Rate shown represents annualized 7-day yield as of March 31, 2013. |
| (d) | At March 31, 2013, the total market value of the Fund’s securities on loan was $81,112 and the total market value of the collateral held by the Fund was $99,714. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 57 |
Table of Contents
Schedule of Investments
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2013
| Investments | Shares | Value | ||||||
| INDIA – 99.7% | ||||||||
| COMMON STOCKS – 99.7% | ||||||||
| Aerospace & Defense – 0.2% | ||||||||
| Bharat Electronics Ltd. |
82,659 | $ | 1,757,131 | |||||
| Auto Components – 0.3% | ||||||||
| Amtek India Ltd. |
14,164 | 18,451 | ||||||
| Bharat Forge Ltd. |
362,361 | 1,380,772 | ||||||
| Exide Industries Ltd. |
863,540 | 2,056,766 | ||||||
| Motherson Sumi Systems Ltd. |
39,276 | 140,303 | ||||||
|
|
|
|||||||
| Total Auto Components | 3,596,292 | |||||||
| Automobiles – 8.1% | ||||||||
| Bajaj Auto Ltd. |
277,646 | 9,192,969 | ||||||
| Hero Motocorp Ltd. |
251,329 | 7,130,622 | ||||||
| Mahindra & Mahindra Ltd. |
1,025,848 | 16,256,907 | ||||||
| Maruti Suzuki India Ltd. |
236,554 | 5,576,320 | ||||||
| Tata Motors Ltd. |
9,749,075 | 48,278,998 | ||||||
|
|
|
|||||||
| Total Automobiles | 86,435,816 | |||||||
| Beverages – 0.2% | ||||||||
| United Spirits Ltd. |
70,084 | 2,448,943 | ||||||
| Biotechnology – 0.0% | ||||||||
| Biocon Ltd. |
89,090 | 448,564 | ||||||
| Building Products – 0.1% | ||||||||
| Sintex Industries Ltd. |
1,559,477 | 1,321,323 | ||||||
| Capital Markets – 0.1% | ||||||||
| India Infoline Ltd. |
1,368,687 | 1,527,339 | ||||||
| Chemicals – 1.4% | ||||||||
| Asian Paints Ltd. |
47,881 | 4,331,975 | ||||||
| Berger Paints India Ltd. |
26,820 | 96,350 | ||||||
| Castrol India Ltd. |
169,117 | 987,009 | ||||||
| Chambal Fertilizers & Chemicals Ltd. |
51,971 | 47,620 | ||||||
| Coromandel International Ltd. |
351,519 | 1,196,199 | ||||||
| Godrej Industries Ltd. |
50,357 | 272,493 | ||||||
| Gujarat Fluorochemicals Ltd. |
240,864 | 1,326,857 | ||||||
| Gujarat Narmada Valley Fertilizers Co., Ltd. |
29 | 40 | ||||||
| Gujarat State Fertilizers & Chemicals Ltd. |
1,364,783 | 1,468,994 | ||||||
| Pidilite Industries Ltd. |
111,057 | 539,040 | ||||||
| Tata Chemicals Ltd. |
359,294 | 2,126,016 | ||||||
| United Phosphorus Ltd. |
1,163,294 | 2,512,801 | ||||||
|
|
|
|||||||
| Total Chemicals | 14,905,394 | |||||||
| Commercial Banks – 15.6% | ||||||||
| Allahabad Bank |
981,436 | 2,282,493 | ||||||
| Andhra Bank |
1,663,026 | 2,896,144 | ||||||
| Axis Bank Ltd. |
817,011 | 19,552,644 | ||||||
| Bank of Baroda |
605,949 | 7,530,045 | ||||||
| Bank of India |
911,713 | 5,080,263 | ||||||
| Canara Bank |
915,892 | 6,471,910 | ||||||
| Central Bank of India |
1,450,132 | 1,779,647 | ||||||
| Corp. Bank |
345,983 | 2,435,886 | ||||||
| Dena Bank Ltd. |
1,196,266 | 1,969,932 | ||||||
| Federal Bank Ltd. |
442,707 | 3,915,126 | ||||||
| HDFC Bank Ltd. |
2,002,466 | 23,040,333 | ||||||
| ICICI Bank Ltd. |
1,707,719 | $ | 32,840,992 | |||||
| IDBI Bank Ltd. |
1,952,551 | 2,883,022 | ||||||
| Indian Bank |
1,003,766 | 3,253,236 | ||||||
| Indian Overseas Bank |
1,383,793 | 1,656,223 | ||||||
| Jammu & Kashmir Bank Ltd. |
198,640 | 4,355,461 | ||||||
| Karnataka Bank Ltd. |
937,506 | 2,255,362 | ||||||
| Oriental Bank of Commerce |
577,557 | 2,675,784 | ||||||
| State Bank of India |
616,900 | 23,526,761 | ||||||
| Syndicate Bank |
1,543,879 | 3,123,266 | ||||||
| UCO Bank |
1,804,430 | 1,850,910 | ||||||
| Union Bank of India Ltd. |
1,106,659 | 4,438,853 | ||||||
| Vijaya Bank Ltd. |
1,485,600 | 1,281,962 | ||||||
| Yes Bank Ltd. |
727,251 | 5,739,061 | ||||||
|
|
|
|||||||
| Total Commercial Banks | 166,835,316 | |||||||
| Construction & Engineering – 1.3% | ||||||||
| Alstom India Ltd. |
9,632 | 56,631 | ||||||
| Engineers India Ltd. |
182,837 | 520,253 | ||||||
| Era Infra Engineering Ltd. |
619,582 | 1,531,570 | ||||||
| IRB Infrastructure Developers Ltd. |
527,413 | 1,100,920 | ||||||
| Larsen & Toubro Ltd. |
372,891 | 9,373,389 | ||||||
| Punj Lloyd Ltd. |
429,426 | 440,488 | ||||||
| Voltas Ltd. |
707,650 | 981,075 | ||||||
|
|
|
|||||||
| Total Construction & Engineering | 14,004,326 | |||||||
| Construction Infrastructure – 0.2% | ||||||||
| Jaypee Infratech Ltd. |
2,973,333 | 2,171,873 | ||||||
| Construction Materials – 1.5% | ||||||||
| ACC Ltd. |
141,661 | 3,021,406 | ||||||
| Ambuja Cements Ltd. |
1,700,450 | 5,450,200 | ||||||
| India Cements Ltd. |
534,407 | 822,505 | ||||||
| Madras Cements Ltd. |
133,338 | 623,144 | ||||||
| Ultratech Cement Ltd. |
167,257 | 5,751,518 | ||||||
|
|
|
|||||||
| Total Construction Materials | 15,668,773 | |||||||
| Consumer Finance – 1.3% | ||||||||
| Mahindra & Mahindra Financial Services Ltd. |
1,029,486 | 3,693,648 | ||||||
| Manappuram Finance Ltd. |
3,326,007 | 1,321,836 | ||||||
| Muthoot Finance Ltd. |
389,726 | 1,316,535 | ||||||
| Shriram Transport Finance Co., Ltd. |
550,992 | 7,040,228 | ||||||
|
|
|
|||||||
| Total Consumer Finance | 13,372,247 | |||||||
| Diversified Consumer Services – 0.0% | ||||||||
| Educomp Solutions Ltd. |
295,348 | 341,267 | ||||||
| Diversified Financial Services – 3.0% | ||||||||
| Bajaj Holdings and Investment Ltd. |
380,069 | 6,379,005 | ||||||
| Indiabulls Financial Services Ltd. |
1,565,193 | 7,841,804 | ||||||
| Kotak Mahindra Bank Ltd. |
626,781 | 7,530,598 | ||||||
| L&T Finance Holdings Ltd.* |
551,793 | 749,261 | ||||||
| Multi Commodity Exchange of India Ltd. |
11,702 | 178,835 | ||||||
| Rural Electrification Corp., Ltd. |
2,192,348 | 8,408,371 | ||||||
| SREI Infrastructure Finance Ltd. |
1,902,117 | 936,184 | ||||||
|
|
|
|||||||
| Total Diversified Financial Services | 32,024,058 | |||||||
| Diversified Telecommunication Services – 0.0% | ||||||||
| Tulip Telecom Ltd.* |
740,340 | 118,509 | ||||||
See Notes to Financial Statements.
| 58 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Schedule of Investments (continued)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2013
| Investments | Shares | Value | ||||||
| Electric Utilities – 1.3% | ||||||||
| CESC Ltd. |
359,863 | $ | 1,753,629 | |||||
| Power Grid Corp. of India Ltd. |
3,494,128 | 6,801,817 | ||||||
| Reliance Infrastructure Ltd. |
829,113 | 4,949,507 | ||||||
|
|
|
|||||||
| Total Electric Utilities | 13,504,953 | |||||||
| Electrical Equipment – 1.4% | ||||||||
| Bharat Heavy Electricals Ltd. |
4,018,827 | 13,087,992 | ||||||
| Crompton Greaves Ltd. |
894,377 | 1,543,561 | ||||||
| Havells India Ltd. |
29,582 | 350,412 | ||||||
| Sterlite Technologies Ltd. |
28,310 | 12,137 | ||||||
|
|
|
|||||||
| Total Electrical Equipment | 14,994,102 | |||||||
| Electronic Equipment, Instruments & Components – 0.1% | ||||||||
| Redington India Ltd. |
702,074 | 1,045,037 | ||||||
| Energy Equipment & Services – 0.1% | ||||||||
| Aban Offshore Ltd. |
134,705 | 653,821 | ||||||
| BGR Energy Systems Ltd. |
107,870 | 381,366 | ||||||
|
|
|
|||||||
| Total Energy Equipment & Services | 1,035,187 | |||||||
| Food Products – 0.5% | ||||||||
| GlaxoSmithKline Consumer Healthcare Ltd. |
12,226 | 944,720 | ||||||
| McLeod Russel India Ltd. |
181,821 | 1,171,048 | ||||||
| Nestle India Ltd. |
27,248 | 2,300,262 | ||||||
| Tata Global Beverages Ltd. |
445,585 | 1,048,170 | ||||||
|
|
|
|||||||
| Total Food Products | 5,464,200 | |||||||
| Gas Utilities – 1.0% | ||||||||
| GAIL India Ltd. |
1,433,147 | 8,391,886 | ||||||
| Gujarat State Petronet Ltd. |
769,341 | 948,406 | ||||||
| Indraprastha Gas Ltd. |
220,748 | 1,125,673 | ||||||
|
|
|
|||||||
| Total Gas Utilities | 10,465,965 | |||||||
| Health Care Equipment & Supplies – 0.1% | ||||||||
| Opto Circuits India Ltd. |
851,579 | 939,322 | ||||||
| Health Care Providers & Services – 0.1% | ||||||||
| Apollo Hospitals Enterprise Ltd. |
98,021 | 1,512,968 | ||||||
| Hotels, Restaurants & Leisure – 0.0% | ||||||||
| Jubilant Foodworks Ltd.* |
9,040 | 207,404 | ||||||
| Household Durables – 0.0% | ||||||||
| TTK Prestige Ltd. |
1,490 | 88,926 | ||||||
| Household Products – 1.2% | ||||||||
| Hindustan Unilever Ltd. |
1,493,635 | 12,832,619 | ||||||
| Independent Power Producers & Energy Traders – 1.9% | ||||||||
| GVK Power & Infrastructure Ltd.* |
4,042,142 | 680,508 | ||||||
| Jaiprakash Power Ventures Ltd.* |
982,282 | 471,712 | ||||||
| JSW Energy Ltd. |
1,260,025 | 1,268,139 | ||||||
| NHPC Ltd. |
12,591,241 | 4,598,641 | ||||||
| NTPC Ltd. |
4,639,830 | 12,118,195 | ||||||
| PTC India Ltd. |
938,025 | 1,034,675 | ||||||
|
|
|
|||||||
| Total Independent Power Producers & Energy Traders | 20,171,870 | |||||||
| Industrial Conglomerates – 0.7% | ||||||||
| Aditya Birla Nuvo Ltd. |
134,100 | 2,407,015 | ||||||
| Jaiprakash Associates Ltd. |
2,721,588 | 3,277,423 | ||||||
| Max India Ltd. |
163,355 | $ | 673,407 | |||||
| Siemens Ltd. |
131,958 | 1,332,084 | ||||||
|
|
|
|||||||
| Total Industrial Conglomerates | 7,689,929 | |||||||
| Insurance – 0.3% | ||||||||
| Bajaj Finserv Ltd. |
256,562 | 3,642,142 | ||||||
| IT Services – 14.1% | ||||||||
| Core Education & Technologies Ltd. |
257,771 | 243,543 | ||||||
| eClerx Services Ltd. |
23,304 | 258,531 | ||||||
| HCL Technologies Ltd. |
579,216 | 8,472,433 | ||||||
| Hexaware Technologies Ltd. |
697,193 | 1,084,594 | ||||||
| Infosys Ltd. |
1,470,381 | 78,168,267 | ||||||
| MindTree Ltd. |
10,613 | 178,585 | ||||||
| Mphasis Ltd. |
559,734 | 4,032,968 | ||||||
| Polaris Financial Technology Ltd. |
366,304 | 750,131 | ||||||
| Satyam Computer Services Ltd.* |
3,766,488 | 8,898,198 | ||||||
| Tata Consultancy Services Ltd. |
1,117,743 | 32,406,321 | ||||||
| Tech Mahindra Ltd. |
136,356 | 2,658,127 | ||||||
| Wipro Ltd. |
1,752,687 | 14,097,279 | ||||||
|
|
|
|||||||
| Total IT Services | 151,248,977 | |||||||
| Life Sciences Tools & Services – 0.2% | ||||||||
| Divi’s Laboratories Ltd. |
129,329 | 2,349,814 | ||||||
| Machinery – 0.4% | ||||||||
| Abg Shipyard Ltd.* |
3,640 | 21,656 | ||||||
| Ashok Leyland Ltd. |
4,134,399 | 1,662,127 | ||||||
| Cummins India Ltd. |
228,218 | 2,095,323 | ||||||
| Eicher Motors Ltd. |
10,213 | 481,467 | ||||||
| Thermax Ltd. |
42,038 | 435,927 | ||||||
|
|
|
|||||||
| Total Machinery | 4,696,500 | |||||||
| Media – 0.7% | ||||||||
| Eros International Media Ltd. |
13,310 | 42,330 | ||||||
| Sun TV Network Ltd. |
386,122 | 2,774,253 | ||||||
| Zee Entertainment Enterprises Ltd. |
1,297,752 | 5,025,058 | ||||||
|
|
|
|||||||
| Total Media | 7,841,641 | |||||||
| Metals & Mining – 7.3% | ||||||||
| Bhushan Steel Ltd.*(a) |
30,229 | 136,545 | ||||||
| Bhushan Steel Ltd. |
418,222 | 3,526,223 | ||||||
| Gujarat Mineral Development Corp., Ltd. |
197,843 | 607,908 | ||||||
| Hindalco Industries Ltd. |
6,372,285 | 10,739,674 | ||||||
| Hindustan Zinc Ltd. |
1,165,416 | 2,601,011 | ||||||
| Jindal Saw Ltd. |
865,302 | 1,307,108 | ||||||
| Jindal Steel & Power Ltd. |
2,141,070 | 13,699,303 | ||||||
| JSW Steel Ltd. |
278,042 | 3,439,587 | ||||||
| MOIL Ltd. |
313,731 | 1,286,961 | ||||||
| NMDC Ltd. |
1,640,695 | 4,138,717 | ||||||
| Sesa Goa Ltd. |
3,561,979 | 10,191,127 | ||||||
| Steel Authority of India Ltd. |
3,348,762 | 3,854,003 | ||||||
| Sterlite Industries India Ltd. |
6,084,389 | 10,489,554 | ||||||
| Tata Steel Ltd. |
1,961,702 | 11,291,968 | ||||||
| Welspun Corp., Ltd. |
966,011 | 894,915 | ||||||
|
|
|
|||||||
| Total Metals & Mining | 78,204,604 | |||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 59 |
Table of Contents
Schedule of Investments (concluded)
WisdomTree India Earnings Fund (EPI) (consolidated)
March 31, 2013
| Investments | Shares | Value | ||||||
| Oil, Gas & Consumable Fuels – 19.9% | ||||||||
| Bharat Petroleum Corp., Ltd. |
526,521 | $ | 3,659,006 | |||||
| Cairn India Ltd. |
3,122,128 | 15,650,851 | ||||||
| Coal India Ltd. |
2,130,725 | 12,117,886 | ||||||
| Great Eastern Shipping Co., Ltd. (The) |
400,907 | 1,697,308 | ||||||
| Hindustan Oil Exploration Co., Ltd.* |
24,276 | 23,316 | ||||||
| Hindustan Petroleum Corp., Ltd. |
312,245 | 1,638,496 | ||||||
| Indian Oil Corp., Ltd. |
2,272,072 | 11,772,134 | ||||||
| Mangalore Refinery & Petrochemicals Ltd. |
1,461,548 | 1,332,469 | ||||||
| Oil & Natural Gas Corp., Ltd. |
13,072,436 | 74,898,925 | ||||||
| Petronet LNG Ltd. |
817,783 | 2,038,815 | ||||||
| Reliance Industries Ltd. |
6,168,619 | 87,722,643 | ||||||
|
|
|
|||||||
| Total Oil, Gas & Consumable Fuels | 212,551,849 | |||||||
| Personal Products – 0.7% | ||||||||
| Colgate-Palmolive India Ltd. |
45,290 | 1,034,670 | ||||||
| Dabur India Ltd. |
848,384 | 2,137,741 | ||||||
| Godrej Consumer Products Ltd. |
254,756 | 3,646,737 | ||||||
| Marico Ltd. |
127,459 | 499,283 | ||||||
|
|
|
|||||||
| Total Personal Products | 7,318,431 | |||||||
| Pharmaceuticals – 3.4% | ||||||||
| Cadila Healthcare Ltd. |
128,973 | 1,762,552 | ||||||
| Cipla Ltd. |
805,978 | 5,631,466 | ||||||
| Dr. Reddy’s Laboratories Ltd. |
186,381 | 6,057,811 | ||||||
| Glenmark Pharmaceuticals Ltd. |
370,304 | 3,153,886 | ||||||
| Ipca Laboratories Ltd. |
56,954 | 554,765 | ||||||
| Lupin Ltd. |
343,668 | 3,974,471 | ||||||
| Strides Arcolab Ltd. Class Preference |
52,559 | 843,265 | ||||||
| Sun Pharmaceutical Industries Ltd. |
887,490 | 13,372,768 | ||||||
| Torrent Pharmaceuticals Ltd. |
2,762 | 35,347 | ||||||
| Wockhardt Ltd.* |
31,205 | 1,151,341 | ||||||
|
|
|
|||||||
| Total Pharmaceuticals | 36,537,672 | |||||||
| Real Estate Management & Development – 0.8% | ||||||||
| Anant Raj Industries Ltd. |
384,774 | 444,596 | ||||||
| DLF Ltd. |
788,189 | 3,403,642 | ||||||
| Housing Development & Infrastructure Ltd.* |
3,129,798 | 2,660,472 | ||||||
| Sobha Developers Ltd. |
33,534 | 214,778 | ||||||
| Unitech Ltd.* |
4,343,434 | 1,882,022 | ||||||
|
|
|
|||||||
| Total Real Estate Management & Development | 8,605,510 | |||||||
| Road & Rail – 0.3% | ||||||||
| Container Corp. of India |
162,442 | 3,080,121 | ||||||
| Software – 0.4% | ||||||||
| Financial Technologies India Ltd. |
64,144 | 841,012 | ||||||
| KPIT Cummins Infosystems Ltd. |
194,645 | 346,314 | ||||||
| NIIT Technologies Ltd. |
112,286 | 583,433 | ||||||
| Oracle Financial Services Software Ltd.* |
56,380 | 2,655,928 | ||||||
|
|
|
|||||||
| Total Software | 4,426,687 | |||||||
| Textiles, Apparel & Luxury Goods – 0.6% | ||||||||
| Arvind Ltd. |
1,503,121 | 2,139,216 | ||||||
| Bata India Ltd. |
11,502 | 152,023 | ||||||
| Gitanjali Gems Ltd. |
255,853 | 2,788,727 | ||||||
| Raymond Ltd. |
8,722 | $ | 45,873 | |||||
| Titan Industries Ltd. |
215,247 | 1,015,443 | ||||||
|
|
|
|||||||
| Total Textiles, Apparel & Luxury Goods | 6,141,282 | |||||||
| Thrifts & Mortgage Finance – 4.7% | ||||||||
| Dewan Housing Finance Corp., Ltd. |
449,928 | 1,341,919 | ||||||
| Housing Development Finance Corp. |
3,224,717 | 49,023,412 | ||||||
|
|
|
|||||||
| Total Thrifts & Mortgage Finance | 50,365,331 | |||||||
| Tobacco – 1.7% | ||||||||
| ITC Ltd. |
3,204,413 | 18,244,813 | ||||||
| Trading Companies & Distributors – 0.4% | ||||||||
| Adani Enterprises Ltd. |
997,575 | 3,711,309 | ||||||
| Transportation Infrastructure – 0.2% | ||||||||
| Adani Port and Special Economic Zone |
991,769 | 2,530,973 | ||||||
| Wireless Telecommunication Services – 1.9% | ||||||||
| Bharti Airtel Ltd. |
2,649,206 | 14,220,899 | ||||||
| Idea Cellular Ltd.* |
1,285,643 | 2,694,291 | ||||||
| Reliance Communications Ltd. |
2,795,773 | 2,844,641 | ||||||
|
|
|
|||||||
| Total Wireless Telecommunication Services | 19,759,831 | |||||||
| TOTAL COMMON STOCKS (Cost: $1,031,726,009) |
1,068,187,140 | |||||||
| Principal amount |
||||||||
| FOREIGN CORPORATE BOND – 0.0% | ||||||||
| Chemicals – 0.0% | ||||||||
| Coromandel International Ltd. |
4,115,040INR | $ | 77,228 | |||||
| TOTAL INVESTMENTS IN SECURITIES – 99.7% (Cost: $1,031,806,441) |
|
1,068,264,368 | ||||||
| Cash, Foreign Currency and Other Assets in Excess of Liabilities – 0.3% |
2,809,842 | |||||||
|
|
|
|||||||
| NET ASSETS – 100.0% | $ | 1,071,074,210 | ||||||
| INR | – Indian Rupee |
| * | Non-income producing security. |
| (a) | Partly paid equity shares – successful applicants paid a percentage of the issue price on application, with the balance payable on call. |
See Notes to Financial Statements.
| 60 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Assets and Liabilities
WisdomTree Domestic and International Earnings Funds
March 31, 2013
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund |
WisdomTree India Earnings Fund (consolidated) |
|||||||||||||||||||
| ASSETS: |
||||||||||||||||||||||||
| Investments, at cost |
$ | 43,847,679 | $ | 54,484,722 | $ | 192,564,407 | $ | 172,103,941 | $ | 20,658,723 | $ | 1,031,806,441 | ||||||||||||
| Investment in affiliates, at cost (Note 8) |
— | 149,738 | 690,460 | 994,676 | 53,961 | — | ||||||||||||||||||
| Foreign currency, at cost |
— | — | — | — | — | 4,162,992 | ||||||||||||||||||
| Investments in securities, at value (including securities on loan) (Note 2)1 |
53,957,296 | 65,727,254 | 231,047,296 | 201,292,657 | 24,450,666 | 1,068,264,368 | ||||||||||||||||||
| Investment in affiliates, at value (Note 8) |
— | 168,569 | 824,711 | 1,178,467 | 59,231 | — | ||||||||||||||||||
| Cash |
14,835 | 14,469 | 61,226 | 271,941 | 1,319 | 4,860 | ||||||||||||||||||
| Foreign currency, at value |
— | — | — | — | — | 4,167,364 | ||||||||||||||||||
| Receivables: |
||||||||||||||||||||||||
| Dividends and interest |
64,258 | 81,992 | 194,261 | 183,515 | 23,997 | 1,303,449 | ||||||||||||||||||
| Investment securities sold |
— | — | — | — | — | 1,911,771 | ||||||||||||||||||
| Total Assets |
54,036,389 | 65,992,284 | 232,127,494 | 202,926,580 | 24,535,213 | 1,075,651,812 | ||||||||||||||||||
| LIABILITIES: |
||||||||||||||||||||||||
| Payables: |
||||||||||||||||||||||||
| Investment of cash collateral for securities loaned (Note 2) |
694,758 | 623,227 | 20,418,448 | 22,182,489 | 99,714 | — | ||||||||||||||||||
| Investment securities purchased |
— | — | — | — | — | 3,799,464 | ||||||||||||||||||
| Advisory fees (Note 3) |
12,540 | 15,300 | 65,584 | 56,425 | 7,724 | 774,035 | ||||||||||||||||||
| Service fees (Note 2) |
197 | 241 | 763 | 658 | 90 | 4,103 | ||||||||||||||||||
| Total Liabilities |
707,495 | 638,768 | 20,484,795 | 22,239,572 | 107,528 | 4,577,602 | ||||||||||||||||||
| NET ASSETS |
$ | 53,328,894 | $ | 65,353,516 | $ | 211,642,699 | $ | 180,687,008 | $ | 24,427,685 | $ | 1,071,074,210 | ||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Paid-in capital |
$ | 49,711,802 | $ | 74,015,352 | $ | 194,873,366 | $ | 178,499,638 | $ | 30,881,423 | $ | 1,301,057,688 | ||||||||||||
| Undistributed net investment income |
15,246 | 19,605 | 106,429 | 80,476 | 1,702 | 345,749 | ||||||||||||||||||
| Accumulated net realized loss on investments and foreign currency related transactions |
(6,507,771 | ) | (19,942,804 | ) | (21,954,236 | ) | (27,265,613 | ) | (10,252,653 | ) | (266,793,165 | ) | ||||||||||||
| Net unrealized appreciation on investments and translation of assets and liabilities denominated in foreign currencies |
10,109,617 | 11,261,363 | 38,617,140 | 29,372,507 | 3,797,213 | 36,463,938 | ||||||||||||||||||
| NET ASSETS |
$ | 53,328,894 | $ | 65,353,516 | $ | 211,642,699 | $ | 180,687,008 | $ | 24,427,685 | $ | 1,071,074,210 | ||||||||||||
| Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized) |
950,000 | 1,200,000 | 3,000,000 | 2,850,000 | 500,000 | 59,600,000 | ||||||||||||||||||
| Net asset value per share |
$ | 56.14 | $ | 54.46 | $ | 70.55 | $ | 63.40 | $ | 48.86 | $ | 17.97 | ||||||||||||
| 1 | Market value of securities out on loan were as follows: $715,696, $471,847, $20,346,234, $21,453,108, $81,112 and $0, respectively. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 61 |
Table of Contents
WisdomTree Domestic and International Earnings Funds
For the Year Ended March 31, 2013
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund |
WisdomTree India Earnings Fund (consolidated) |
|||||||||||||||||||
| INVESTMENT INCOME: |
||||||||||||||||||||||||
| Dividends1 |
$ | 1,101,141 | $ | 1,442,128 | $ | 3,244,413 | $ | 3,053,862 | $ | 737,195 | $ | 17,724,764 | ||||||||||||
| Dividends from affiliates (Note 8) |
845 | 4,655 | 16,720 | 11,709 | 1,504 | — | ||||||||||||||||||
| Interest |
2 | 3 | 6 | 9 | 2 | 2,766 | ||||||||||||||||||
| Securities lending income (Note 2) |
9,892 | 2,882 | 258,597 | 269,131 | 1,156 | — | ||||||||||||||||||
| Total investment income |
1,111,880 | 1,449,668 | 3,519,736 | 3,334,711 | 739,857 | 17,727,530 | ||||||||||||||||||
| EXPENSES: |
||||||||||||||||||||||||
| Advisory fees (Note 3) |
130,516 | 169,138 | 613,527 | 571,270 | 106,337 | 7,853,445 | ||||||||||||||||||
| Service fees (Note 2) |
2,049 | 2,658 | 7,104 | 6,615 | 1,229 | 43,927 | ||||||||||||||||||
| Custody and accounting |
— | — | — | — | — | 492,798 | ||||||||||||||||||
| Tax expense (Note 7) |
— | — | — | — | — | 246,519 | ||||||||||||||||||
| Interest expense (Note 9) |
— | — | — | — | — | 35,775 | ||||||||||||||||||
| Professional fees |
— | — | — | — | — | 35,141 | ||||||||||||||||||
| Printing |
— | — | — | — | — | 22,329 | ||||||||||||||||||
| Pricing |
— | — | — | — | — | 17,154 | ||||||||||||||||||
| IOPV Fees2 |
— | — | — | — | — | 12,751 | ||||||||||||||||||
| Insurance |
— | — | — | — | — | 8,278 | ||||||||||||||||||
| Listing costs |
— | — | — | — | — | 4,793 | ||||||||||||||||||
| Compliance |
— | — | — | — | — | 942 | ||||||||||||||||||
| Other |
— | — | — | — | — | 16,819 | ||||||||||||||||||
| Total expenses |
132,565 | 171,796 | 620,631 | 577,885 | 107,566 | 8,790,671 | ||||||||||||||||||
| Expenses reimbursements/waivers (Note 3) |
— | (12 | ) | (655 | ) | (1,033 | ) | — | (162,800 | ) | ||||||||||||||
| Net expenses |
132,565 | 171,784 | 619,976 | 576,852 | 107,566 | 8,627,871 | ||||||||||||||||||
| Net investment income |
979,315 | 1,277,884 | 2,899,760 | 2,757,859 | 632,291 | 9,099,659 | ||||||||||||||||||
| NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS: |
||||||||||||||||||||||||
| Net realized gain (loss) from: |
||||||||||||||||||||||||
| Investment transactions |
4,020 | (40,881 | ) | (5,284,081 | ) | (7,807,167 | ) | 1,168,060 | (65,366,853 | ) | ||||||||||||||
| Investment transactions from affiliates (Note 8) |
12,258 | 21,495 | 52,310 | 24,105 | 16,346 | — | ||||||||||||||||||
| In-kind redemptions |
— | 2,880,256 | 13,220,399 | 15,017,616 | 1,165,123 | — | ||||||||||||||||||
| In-kind redemptions from affiliates (Note 8) |
— | 6,453 | — | 1,353 | 4,484 | — | ||||||||||||||||||
| Forward foreign currency contracts and foreign currency related transactions |
— | — | — | — | — | (890,160 | ) | |||||||||||||||||
| Net realized gain (loss) |
16,278 | 2,867,323 | 7,988,628 | 7,235,907 | 2,354,013 | (66,257,013 | ) | |||||||||||||||||
| Net change in unrealized appreciation (depreciation) from: |
||||||||||||||||||||||||
| Investment transactions |
5,511,294 | 2,790,109 | 18,041,669 | 11,327,907 | 149,410 | 15,299,195 | ||||||||||||||||||
| Translation of assets and liabilities denominated in foreign currencies |
— | — | — | — | — | (4,471 | ) | |||||||||||||||||
| Net change in unrealized appreciation (depreciation) |
5,511,294 | 2,790,109 | 18,041,669 | 11,327,907 | 149,410 | 15,294,724 | ||||||||||||||||||
| Net realized and unrealized gain (loss) on investments |
5,527,572 | 5,657,432 | 26,030,297 | 18,563,814 | 2,503,423 | (50,962,289 | ) | |||||||||||||||||
| NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 6,506,887 | $ | 6,935,316 | $ | 28,930,057 | $ | 21,321,673 | $ | 3,135,714 | $ | (41,862,630 | ) | |||||||||||
| 1 | Net of foreign withholding tax of $3, $0, $0, $357, $0 and $0, respectively. |
| 2 | IOPV Fees — Indicative Optimized Portfolio Value-is the real-time estimation of net asset value of Fund. |
See Notes to Financial Statements.
| 62 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Statements of Changes in Net Assets
WisdomTree Domestic and International Earnings Funds
| WisdomTree Total Earnings Fund |
WisdomTree Earnings 500 Fund |
WisdomTree MidCap Earnings Fund |
||||||||||||||||||||||
| For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM |
|
|||||||||||||||||||||||
| Net investment income |
$ | 979,315 | $ | 869,610 | $ | 1,277,884 | $ | 1,237,570 | $ | 2,899,760 | $ | 1,368,242 | ||||||||||||
| Net realized gain (loss) on investments |
16,278 | 1,571,810 | 2,867,323 | (866,598 | ) | 7,988,628 | (3,146,881 | ) | ||||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
5,511,294 | (513,006 | ) | 2,790,109 | 6,228,400 | 18,041,669 | 8,794,120 | |||||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
6,506,887 | 1,928,414 | 6,935,316 | 6,599,372 | 28,930,057 | 7,015,481 | ||||||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(982,617 | ) | (875,900 | ) | (1,286,555 | ) | (1,245,174 | ) | (2,891,169 | ) | (1,297,193 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sales of shares |
4,778,997 | 12,025,302 | 5,113,221 | — | 70,909,321 | 70,509,278 | ||||||||||||||||||
| Cost of shares redeemed |
— | (24,245,372 | ) | (14,595,053 | ) | — | (43,901,246 | ) | (23,377,171 | ) | ||||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
4,778,997 | (12,220,070 | ) | (9,481,832 | ) | — | 27,008,075 | 47,132,107 | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
10,303,267 | (11,167,556 | ) | (3,833,071 | ) | 5,354,198 | 53,046,963 | 52,850,395 | ||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 43,025,627 | $ | 54,193,183 | $ | 69,186,587 | $ | 63,832,389 | $ | 158,595,736 | $ | 105,745,341 | ||||||||||||
| End of year |
$ | 53,328,894 | $ | 43,025,627 | $ | 65,353,516 | $ | 69,186,587 | $ | 211,642,699 | $ | 158,595,736 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 15,246 | $ | 17,903 | $ | 19,605 | $ | 27,480 | $ | 106,429 | $ | 96,368 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
850,000 | 1,150,000 | 1,400,000 | 1,400,000 | 2,600,000 | 1,800,000 | ||||||||||||||||||
| Shares created |
100,000 | 250,000 | 100,000 | — | 1,100,000 | 1,250,000 | ||||||||||||||||||
| Shares redeemed |
— | (550,000 | ) | (300,000 | ) | — | (700,000 | ) | (450,000 | ) | ||||||||||||||
| Shares outstanding, end of year |
950,000 | 850,000 | 1,200,000 | 1,400,000 | 3,000,000 | 2,600,000 | ||||||||||||||||||
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 63 |
Table of Contents
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic and International Earnings Funds
| WisdomTree SmallCap Earnings Fund |
WisdomTree LargeCap Value Fund |
WisdomTree India Earnings Fund (consolidated) |
||||||||||||||||||||||
| For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
|||||||||||||||||||
| INCREASE (DECREASE) IN NET ASSETS RESULTING FROM |
|
|||||||||||||||||||||||
| Net investment income |
$ | 2,757,859 | $ | 1,844,693 | $ | 632,291 | $ | 503,695 | $ | 9,099,659 | $ | 9,660,057 | ||||||||||||
| Net realized gain (loss) on investments |
7,235,907 | (1,752,278 | ) | 2,354,013 | 1,559,365 | (66,257,013 | ) | (94,217,280 | ) | |||||||||||||||
| Net change in unrealized appreciation (depreciation) on investments |
11,327,907 | 3,999,459 | 149,410 | 113,089 | 15,294,724 | (222,861,321 | ) | |||||||||||||||||
| Net increase (decrease) in net assets resulting from operations |
21,321,673 | 4,091,874 | 3,135,714 | 2,176,149 | (41,862,630 | ) | (307,418,544 | ) | ||||||||||||||||
| DIVIDENDS: |
||||||||||||||||||||||||
| Net investment income |
(2,911,993 | ) | (1,778,298 | ) | (639,542 | ) | (506,854 | ) | (8,238,846 | ) | (8,702,508 | ) | ||||||||||||
| CAPITAL SHARE TRANSACTIONS: |
||||||||||||||||||||||||
| Net proceeds from sales of shares |
69,178,619 | 48,829,976 | — | 5,633,589 | 353,585,574 | 87,306,632 | ||||||||||||||||||
| Cost of shares redeemed |
(54,028,178 | ) | (38,688,336 | ) | (9,083,944 | ) | (2,099,393 | ) | (148,433,967 | ) | (342,250,872 | ) | ||||||||||||
| Net increase (decrease) in net assets resulting from capital share transactions |
15,150,441 | 10,141,640 | (9,083,944 | ) | 3,534,196 | 205,151,607 | (254,944,240 | ) | ||||||||||||||||
| Net Increase (Decrease) in Net Assets |
33,560,121 | 12,455,216 | (6,587,772 | ) | 5,203,491 | 155,050,131 | (571,065,292 | ) | ||||||||||||||||
| NET ASSETS: |
||||||||||||||||||||||||
| Beginning of year |
$ | 147,126,887 | $ | 134,671,671 | $ | 31,015,457 | $ | 25,811,966 | $ | 916,024,079 | $ | 1,487,089,371 | ||||||||||||
| End of year |
$ | 180,687,008 | $ | 147,126,887 | $ | 24,427,685 | $ | 31,015,457 | $ | 1,071,074,210 | $ | 916,024,079 | ||||||||||||
| Undistributed net investment income included in net assets at end of year |
$ | 80,476 | $ | 99,439 | $ | 1,702 | $ | 8,589 | $ | 345,749 | $ | 344,964 | ||||||||||||
| SHARES CREATED AND REDEEMED: |
||||||||||||||||||||||||
| Shares outstanding, beginning of year |
2,600,000 | 2,450,000 | 700,000 | 600,000 | 47,600,000 | 59,800,000 | ||||||||||||||||||
| Shares created |
1,200,000 | 950,000 | — | 150,000 | 20,000,000 | 4,400,000 | ||||||||||||||||||
| Shares redeemed |
(950,000 | ) | (800,000 | ) | (200,000 | ) | (50,000 | ) | (8,000,000 | ) | (16,600,000 | ) | ||||||||||||
| Shares outstanding, end of year |
2,850,000 | 2,600,000 | 500,000 | 700,000 | 59,600,000 | 47,600,000 | ||||||||||||||||||
See Notes to Financial Statements.
| 64 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
WisdomTree Domestic and International Earnings Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree Total Earnings Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 50.62 | $ | 47.12 | $ | 41.56 | $ | 27.52 | $ | 45.32 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.07 | 0.88 | 0.77 | 0.70 | 0.87 | |||||||||||||||
| Net realized and unrealized gain (loss) |
5.51 | 3.58 | 5.55 | 14.03 | (17.87 | ) | ||||||||||||||
| Total from investment operations |
6.58 | 4.46 | 6.32 | 14.73 | (17.00 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.06 | ) | (0.96 | ) | (0.76 | ) | (0.69 | ) | (0.80 | ) | ||||||||||
| Net asset value, end of year |
$ | 56.14 | $ | 50.62 | $ | 47.12 | $ | 41.56 | $ | 27.52 | ||||||||||
| TOTAL RETURN2 |
13.23 | % | 9.74 | % | 15.44 | % | 53.82 | % | (37.86 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 53,329 | $ | 43,026 | $ | 54,193 | $ | 47,789 | $ | 16,511 | ||||||||||
| 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 |
2.10 | % | 1.90 | % | 1.82 | % | 1.92 | % | 2.33 | % | ||||||||||
| Portfolio turnover rate4 |
13 | % | 12 | % | 9 | % | 16 | % | 23 | % | ||||||||||
| WisdomTree Earnings 500 Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 49.42 | $ | 45.59 | $ | 40.75 | $ | 27.77 | $ | 45.77 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.04 | 0.88 | 0.77 | 0.68 | 0.91 | |||||||||||||||
| Net realized and unrealized gain (loss) |
5.10 | 3.84 | 4.84 | 12.98 | (18.07 | ) | ||||||||||||||
| Total from investment operations |
6.14 | 4.72 | 5.61 | 13.66 | (17.16 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.10 | ) | (0.89 | ) | (0.77 | ) | (0.68 | ) | (0.84 | ) | ||||||||||
| Net asset value, end of year |
$ | 54.46 | $ | 49.42 | $ | 45.59 | $ | 40.75 | $ | 27.77 | ||||||||||
| TOTAL RETURN2 |
12.66 | % | 10.60 | % | 13.99 | % | 49.49 | % | (37.83 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 65,354 | $ | 69,187 | $ | 63,832 | $ | 77,422 | $ | 59,714 | ||||||||||
| 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 |
2.12 | % | 1.98 | % | 1.87 | % | 1.95 | % | 2.49 | % | ||||||||||
| Portfolio turnover rate4 |
13 | % | 16 | % | 12 | % | 21 | % | 21 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenes had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 65 |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree MidCap Earnings Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 61.00 | $ | 58.75 | $ | 47.22 | $ | 26.19 | $ | 42.08 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.09 | 0.62 | 0.73 | 0.61 | 0.54 | |||||||||||||||
| Net realized and unrealized gain (loss) |
9.54 | 2.20 | 11.50 | 20.92 | (15.88 | ) | ||||||||||||||
| Total from investment operations |
10.63 | 2.82 | 12.23 | 21.53 | (15.34 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.08 | ) | (0.57 | ) | (0.70 | ) | (0.50 | ) | (0.55 | ) | ||||||||||
| Net asset value, end of year |
$ | 70.55 | $ | 61.00 | $ | 58.75 | $ | 47.22 | $ | 26.19 | ||||||||||
| TOTAL RETURN2 |
17.75 | % | 4.92 | % | 26.15 | % | 82.49 | % | (36.73 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 211,643 | $ | 158,596 | $ | 105,745 | $ | 54,306 | $ | 14,406 | ||||||||||
| 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 |
1.80 | % | 1.11 | % | 1.45 | % | 1.54 | % | 1.49 | % | ||||||||||
| Portfolio turnover rate4 |
39 | % | 38 | % | 18 | % | 19 | % | 39 | % | ||||||||||
| WisdomTree SmallCap Earnings Fund |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 56.59 | $ | 54.97 | $ | 44.33 | $ | 23.25 | $ | 38.96 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.03 | 0.74 | 0.65 | 0.37 | 0.47 | |||||||||||||||
| Net realized and unrealized gain (loss) |
6.86 | 1.59 | 10.60 | 20.96 | (15.64 | ) | ||||||||||||||
| Total from investment operations |
7.89 | 2.33 | 11.25 | 21.33 | (15.17 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.08 | ) | (0.71 | ) | (0.61 | ) | (0.25 | ) | (0.54 | ) | ||||||||||
| Net asset value, end of year |
$ | 63.40 | $ | 56.59 | $ | 54.97 | $ | 44.33 | $ | 23.25 | ||||||||||
| TOTAL RETURN2 |
14.20 | % | 4.39 | % | 25.57 | % | 91.88 | % | (39.31 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 180,687 | $ | 147,127 | $ | 134,672 | $ | 95,306 | $ | 13,948 | ||||||||||
| 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 |
1.83 | % | 1.43 | % | 1.37 | % | 0.97 | % | 1.49 | % | ||||||||||
| Portfolio turnover rate4 |
50 | % | 41 | % | 19 | % | 16 | % | 51 | % | ||||||||||
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| 66 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Financial Highlights (continued)
WisdomTree Domestic and International Earnings Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree LargeCap Value Fund | For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010* |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 44.31 | $ | 43.02 | $ | 37.01 | $ | 24.24 | $ | 43.53 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
1.02 | 0.75 | 0.49 | 0.65 | 0.86 | |||||||||||||||
| Net realized and unrealized gain (loss) |
4.56 | 1.26 | 6.04 | 12.75 | (19.33 | ) | ||||||||||||||
| Total from investment operations |
5.58 | 2.01 | 6.53 | 13.40 | (18.47 | ) | ||||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(1.03 | ) | (0.72 | ) | (0.52 | ) | (0.63 | ) | (0.82 | ) | ||||||||||
| Net asset value, end of year |
$ | 48.86 | $ | 44.31 | $ | 43.02 | $ | 37.01 | $ | 24.24 | ||||||||||
| TOTAL RETURN2 |
12.81 | % | 4.83 | % | 17.86 | % | 55.57 | % | (42.87 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 24,428 | $ | 31,015 | $ | 25,812 | $ | 35,164 | $ | 20,607 | ||||||||||
| 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 |
2.26 | % | 1.84 | % | 1.33 | % | 2.01 | % | 2.60 | % | ||||||||||
| Portfolio turnover rate4 |
65 | % | 62 | % | 6 | % | 71 | % | 54 | % | ||||||||||
| * | This information reflects the investment objective and strategy of WisdomTree Low P/E Fund through June 19, 2009 and the investment objective and strategy of the WisdomTree LargeCap Value Fund thereafter. |
| 1 | Based on average shares outstanding. |
| 2 | Total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all dividends and distributions at net asset value during the period and redemption on the last day of the period. Total return calculated for a period of less than one year is not annualized. The total return would have been lower if certain expenses had not been reimbursed/waived by the investment adviser (Notes 2 and 3). |
| 3 | The ratios to average net assets do not include net investment income (loss) or expenses of other Funds in which the Fund invests. |
| 4 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
See Notes to Financial Statements.
| WisdomTree Domestic and International Earnings Funds | 67 |
Table of Contents
Financial Highlights (concluded)
WisdomTree Domestic and International Earnings Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
| WisdomTree India Earnings Fund (consolidated) |
For the Year Ended March 31, 2013 |
For the Year Ended March 31, 2012 |
For the Year Ended March 31, 2011 |
For the Year Ended March 31, 2010 |
For the Year Ended March 31, 2009 |
|||||||||||||||
| Net asset value, beginning of year |
$ | 19.24 | $ | 24.87 | $ | 23.25 | $ | 10.99 | $ | 22.57 | ||||||||||
| Investment operations: |
||||||||||||||||||||
| Net investment income1 |
0.17 | 0.19 | 0.09 | 0.04 | 0.12 | |||||||||||||||
| Net realized and unrealized gain (loss) |
(1.29 | ) | (5.65 | ) | 1.67 | 12.27 | (11.60 | ) | ||||||||||||
| Total from investment operations |
(1.12 | ) | (5.46 | ) | 1.76 | 12.31 | (11.48 | ) | ||||||||||||
| Dividends to shareholders: |
||||||||||||||||||||
| Net investment income |
(0.15 | ) | (0.17 | ) | (0.14 | ) | (0.05 | ) | (0.10 | ) | ||||||||||
| Net asset value, end of year |
$ | 17.97 | $ | 19.24 | $ | 24.87 | $ | 23.25 | $ | 10.99 | ||||||||||
| TOTAL RETURN2 |
(5.80 | )% | (21.96 | )% | 7.59 | % | 112.11 | % | (50.89 | )% | ||||||||||
| RATIOS/SUPPLEMENTAL DATA: |
||||||||||||||||||||
| Net assets, end of year (000’s omitted) |
$ | 1,071,074 | $ | 916,024 | $ | 1,487,089 | $ | 841,533 | $ | 169,195 | ||||||||||
| Ratios to average net assets of: |
||||||||||||||||||||
| Expenses, net of expense reimbursements5 |
0.84 | % | 0.76 | %4 | 0.88 | % | 0.88 | % | 0.88 | % | ||||||||||
| Expenses, prior to expense reimbursements5 |
0.86 | % | 0.82 | % | 0.88 | % | 0.88 | % | 0.92 | % | ||||||||||
| Net investment income |
0.91 | % | 0.91 | % | 0.36 | % | 0.19 | % | 0.77 | % | ||||||||||
| Portfolio turnover rate3 |
27 | % | 32 | % | 38 | % | 33 | % | 42 | % | ||||||||||
| 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 | Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares. |
| 4 | During the period, the Fund was reimbursed for certain expenses that occurred during the previous fiscal year. |
| 5 | Excludes Mauritius income tax expense (see Note 7). If Mauritius income tax expense had been included, the Fund’s expense ratios (before and after expense reimbursements) would have been higher by: 0.02%, 0.06%, 0.04%, 0.03%, and 0.05% for the fiscal years ended 2013, 2012, 2011, 2010 and 2009. |
See Notes to Financial Statements.
| 68 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of March 31, 2013, the Trust offered 47 investment funds (each a “Fund”, collectively, the “Funds”). These notes relate only to the Funds listed in the table below:
| Fund | Commencement of Operations | |
| WisdomTree Total Earnings Fund (“Total Earnings Fund”) |
February 23, 2007 | |
| WisdomTree Earnings 500 Fund (“Earnings 500 Fund”) |
February 23, 2007 | |
| WisdomTree MidCap Earnings Fund (“MidCap Earnings Fund”) |
February 23, 2007 | |
| WisdomTree SmallCap Earnings Fund (“SmallCap Earnings Fund”) |
February 23, 2007 | |
| WisdomTree LargeCap Value Fund (“LargeCap Value Fund”) |
February 23, 2007 | |
| WisdomTree India Earnings Fund (“India Earnings Fund”) |
February 22, 2008 |
The India Earnings Fund makes its investments through the WisdomTree India Investment Portfolio, Inc. (the “Portfolio”), a wholly owned subsidiary organized in the Republic of Mauritius. The Portfolio is advised by WisdomTree Asset Management, Inc. (“WTAM”) and is sub-advised by Mellon Capital Management Corporation (“MCM”). For the India Earnings Fund, the accompanying financial statements reflect the financial position of the Fund and the results of operations on a consolidated basis with the Portfolio. All inter-company accounts and transactions have been eliminated in consolidation. This structure should permit the India Earnings Fund to benefit from a tax treaty between India and Mauritius. The Supreme Court of India upheld the validity of this tax treaty in response to a lower court challenge contesting the treaty’s applicability to entities such as the India Earnings Fund. In March of 2012, the Indian Finance Minister introduced a new chapter to the Indian Income Tax Act 1961, which would include certain General Anti-Avoidance Rules (“GAAR”). The implementation of these rules has been postponed and would be effective April 1, 2015 (Indian tax year 2015-2016) and it is presently unclear if these rules will have any impact on the Fund’s ability to benefit from the tax treaty. No assurance can be given that the terms of the treaty will not be subject to re-negotiation in the future or subject to an adverse interpretation under GAAR. Any change in the provision of this treaty or in its applicability to the India Earnings Fund could result in the imposition of withholding and other taxes on the India Earnings Fund by tax authorities in India. This would reduce the return to the India Earnings Fund on its investments and the return received by India Earnings Fund shareholders. References to investments by the India Earnings Fund herein should be understood to refer to investments by the Portfolio.
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WTAM, the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified. The securities in each Index are weighted based on earnings or earnings yield.
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
| WisdomTree Domestic and International Earnings Funds | 69 |
Table of Contents
Notes to Financial Statements (continued)
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 Funds may rely on an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the highest bid and lowest ask prices. Securities for which market quotations are not readily available are valued at fair value as determined by management and in accordance with procedures approved by the Board of Trustees. Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. Forward foreign currency contracts are valued daily using WM/Reuters closing spot and forward rates as of 4:00 p.m. London time for Europe and the Americas, and Tullett Prebon closing spot and forward rates as of 2:00 p.m. Singapore time for Asia. Fixed income securities generally are valued at current market quotations or mean prices obtained from dealers or independent pricing services. Dealers or independent pricing services, in determining the value of securities may consider such factors as recent transactions, indications from dealers, yields and prices on similar securities, and market sentiment for the type of security.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market values, a Fund’s investments will be 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)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is computed and that may materially affect the value of the Fund’s investments).
| 70 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Notes to Financial Statements (continued)
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3 positions are as follows:
Financial instruments are valued by pricing service providers that use broker dealer quotations, reported trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the service providers’ internal models use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy. Short-term investments having a maturity of 60 days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Over-the-counter financial derivative instruments, such as forward foreign currency contracts derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker dealer quotations or pricing service providers. Depending on the product and the terms of the transaction, the value of the financial derivative contracts can be estimated by a pricing service provider using a series of techniques, including simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves, dividends and exchange rates. Financial derivatives that use similar valuation techniques and inputs as described above are categorized as Level 2 of the fair value hierarchy.
WTAM, the investment adviser to each Fund and the Trust, has established a fair valuation committee (the “Valuation Committee”) which is comprised of senior representatives of WTAM and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon a price from a national securities exchange, pricing service provider or broker quotation, or such prices are deemed to not reflect current market value, WTAM may value the financial instrument in good faith under the policies and procedures approved by the Board of Trustees based on current facts and circumstances. Determination of this value may include significant unobservable inputs and therefore would be reflected as a Level 3 of the fair value hierarchy. The Valuation Committee may employ a market-based valuation approach which may use related or comparable securities, recent transactions, market multiples, book values, and other relevant information to determine fair value. The Valuation Committee may also use an income-based valuation approach in which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Valuation Committee meets at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as, recent security news, recent market transactions, updated corporate action information and/or other macro or security specific events. Also, when observable inputs become available, the Valuation Committee conducts back testing of Level 3 financial instruments to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.
The following is a summary of the fair valuations according to the inputs used as of March 31, 2013 in valuing each Fund’s assets:
| Total Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 53,262,538 | $ | — | $ | — | ||||||
| Investment of Cash Collateral for Securities Loaned |
— | 694,758 | — | |||||||||
| Total |
$ | 53,262,538 | $ | 694,758 | $ | — | ||||||
| Earnings 500 Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 65,104,027 | $ | — | $ | — | ||||||
| Exchange-Traded Funds |
168,569 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 623,227 | — | |||||||||
| Total |
$ | 65,272,596 | $ | 623,227 | $ | — | ||||||
| MidCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 210,628,848 | $ | — | $ | — | ||||||
| Exchange-Traded Funds |
824,711 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 20,418,448 | — | |||||||||
| Total |
$ | 211,453,559 | $ | 20,418,448 | $ | — | ||||||
| WisdomTree Domestic and International Earnings Funds | 71 |
Table of Contents
Notes to Financial Statements (continued)
| SmallCap Earnings Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 179,110,168 | $ | — | $ | — | ||||||
| Exchange-Traded Funds |
1,178,467 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 22,182,489 | — | |||||||||
| Total |
$ | 180,288,635 | $ | 22,182,489 | $ | — | ||||||
| LargeCap Value Fund | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks* |
$ | 24,350,952 | $ | — | $ | — | ||||||
| Exchange-Traded Funds |
59,231 | — | — | |||||||||
| Investment of Cash Collateral for Securities Loaned |
— | 99,714 | — | |||||||||
| Total |
$ | 24,410,183 | $ | 99,714 | $ | — | ||||||
| India Earnings Fund (consolidated) | Level 1 | Level 2 | Level 3 | |||||||||
| Common Stocks |
||||||||||||
| Diversified Financial Services |
$ | 24,182,254 | $ | 7,841,804 | $ | — | ||||||
| Other* |
1,036,163,082 | — | — | |||||||||
| Foreign Corporate Bond |
— | 77,228 | — | |||||||||
| Total |
$ | 1,060,345,336 | $ | 7,919,032 | $ | — | ||||||
| * | Please refer to Schedule of Investment for the breakdown of the valuation by industry. |
The following is a summary of transfers between Level 1 and Level 2 fair value measurements that occurred during the fiscal year ended March 31, 2013. All transfers between Level 1 and Level 2 fair value measurements are done using the beginning of period method.
| Fund | Transfers from Level 1 to Level 21 |
Transfers from Level 2 to Level 12 |
||||||
| Total Earnings Fund |
$ | — | $ | — | ||||
| Earnings 500 Fund |
— | — | ||||||
| MidCap Earnings Fund |
— | — | ||||||
| SmallCap Earnings Fund |
— | — | ||||||
| LargeCap Value Fund |
— | — | ||||||
| India Earnings Fund (consolidated) |
5,297,561 | — | ||||||
| 1 | Transfers from Level 1 to Level 2 are as a result of the unavailability of a quoted price in an active market for an identical investment. |
| 2 | Transfers from Level 2 to Level 1 are as a result of the availability of a quoted price in an active market for an identical investment. |
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, 2013, which are detailed in the table below. Risks may arise upon entering into forward foreign currency contracts from the potential inability of a counterparty to meet the terms of their contracts and from unanticipated movements in the value of foreign currencies relative to the U.S. dollar or each other. The Fund’s derivative agreements contain credit-risk-related contingent features which include, but are not limited to, a percentage decline in the Fund’s NAV or net assets over a specified time period. If an event occurred at March 31, 2013 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, 2013, the Funds did not receive or post collateral with any counterparty for derivatives and no event occurred that triggered a credit-risk-related contingent feature.
The effect of such derivative instruments on each Fund’s financial performance as reflected in the Statement of Operations are presented in the summary below:
| Fund Derivative Type |
Amount of Realized Gain (Loss) on Derivatives Recognized in Income1 |
Change in Unrealized Appreciation or (Depreciation) on Derivatives Recognized in Income |
||||||
| India Earnings Fund (consolidated) |
||||||||
| Foreign exchange contracts |
$ | (613,757 | ) | $ | — | |||
| 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 |
| 72 | WisdomTree Domestic and International Earnings Funds |
Table of Contents
Notes to Financial Statements (continued)
During the fiscal year ended March 31, 2013, the volume of derivative activity by average notional was as follows:
| Average Notional | ||||||||
| Fund Derivative Type |
Forward Foreign currency contracts (to deliver) |
Forward Foreign currency contracts (to receive) |
||||||
| India Earnings Fund (consolidated) |
||||||||
| Foreign exchange contracts |
$ | 257,952 | $ | 65,075 | ||||
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost method. Dividend income is recognized on the ex-dividend date, net of any foreign taxes withheld. Interest income including amortization of premiums and discounts, is accrued daily. The value of additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Foreign Currency Translation — The accounting records of the Funds are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates prevailing on the respective dates of such transactions that are deemed appropriate by WTAM. Realized and unrealized foreign exchange gains and losses on investments are included as a component of net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) from investment transactions, respectively, on the Statement of Operations. Net realized and unrealized foreign exchange gains or losses arising from sales of foreign currencies, including gains and losses of forward foreign currency contracts, currency gains or losses recognized between the trade and settlement dates on investment transactions, and the difference between the amounts of dividends and foreign withholding taxes recorded on the Funds’ books and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) from forward foreign currency contracts and foreign currency related transactions and/or net change in unrealized appreciation (depreciation) from forward foreign currency contracts and translation of assets and liabilities denominated in foreign currencies on the Statement of Operations. Certain foreign exchange gains and losses included in realized and unrealized gains or losses are included in, or are a reduction of, ordinary income in accordance with U.S. Federal income tax regulations.
Expenses — Under the investment advisory agreement for each Fund, WTAM has agreed to pay all expenses of each Fund, except for: (i) brokerage expenses and other expenses (such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or litigation, including any settlements in connection therewith; (iii) compensation and expenses of trustees who are not interested persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees; (v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the advisory fee payable to WTAM.
Prior to August 8, 2012, for the India Earnings Fund, WTAM was responsible for paying only the sub-advisory fee. All other expenses were paid by the Fund. However, WTAM had contractually agreed, prior to August 8, 2012, to limit total annual operating expenses from exceeding 0.88% of the average daily net assets of the Fund. Subsequent to August 8, 2012, WTAM has agreed to pay all expenses of the Fund, except for certain expenses described above.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
Currency Transactions — The India Earnings Fund may enter into forward foreign currency contracts to facilitate local securities settlements or to protect against currency exposure in connection with distributions to shareholders. The India Earnings Fund does not expect to engage in currency transactions for the purpose of hedging against declines in the value of the Fund’s assets that are denominated in one or more foreign currencies. The India Earnings Fund may not enter into such contracts for speculative purposes.
Forward Foreign Currency Transactions — A forward foreign currency contract (“Forward Contract”) involves an obligation to purchase or sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. These contracts are principally traded in the inter-bank market conducted directly between currency traders (usually large, commercial banks) and their customers. A Forward Contract generally has no margin deposit requirement, and no commissions are charged at any stage for trades.
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Table of Contents
Notes to Financial Statements (continued)
Fluctuations in the value of open Forward Contracts are recorded for book purposes as unrealized gains or losses on Forward 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, 2013.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements of Assets and Liabilities. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in recovering each Fund’s securities if the borrower defaults.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. Government, its agencies, non-U.S. Government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are short-term negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers, usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any, to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance with U.S. Federal income tax regulations which may differ from GAAP. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their U.S. Federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions which exceed earnings and profit for tax purposes are reported as a tax return of capital 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 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, securities lending and all other non-distribution related services necessary for the Funds to operate. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds (other than for the India Earnings Fund prior to August 8, 2012), except for certain expenses described in Note 2. On August 8, 2012, shareholders of the India Earnings Fund approved a new advisory agreement. Like the other WisdomTree Funds, under the new advisory agreement, WTAM is responsible for paying all Fund expenses except for certain expenses described in Note 2. Prior to the respective shareholder approval date, the advisory fee was 0.68% for the India Earnings Fund, but the advisory fee did not cover other Fund expenses, and total operating expenses were capped at 0.88%.
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Table of Contents
Notes to Financial Statements (continued)
Pursuant to a separate contractual arrangement, as also described in Note 2, WTAM arranges for the provision of CCO services with respect to each Fund, and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table:
| Fund | Advisory Fee Rate |
|||
| Total Earnings Fund |
0.28 | % | ||
| Earnings 500 Fund |
0.28 | % | ||
| MidCap Earnings Fund |
0.38 | % | ||
| SmallCap Earnings Fund |
0.38 | % | ||
| LargeCap Value Fund |
0.38 | % | ||
| India Earnings Fund (consolidated) |
0.83 | %* | ||
| * | Prior to the respective shareholder approval date of the new investment advisory agreement on August 8, 2012, the advisory fee rate as a percentage of average daily net assets was 0.68% for the India Earnings Fund, but the advisory fee did not cover other Fund expenses, and total expenses were capped at 0.88%. |
Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year ended March 31, 2013, WTAM waived its advisory fees for each of the Fund’s investment in affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.) that are paid by WTAM out of the advisory fee received from the affiliated Funds. Please see Note 8 for additional information on Other Affiliated Parties and Transactions. In addition, prior to the shareholder approval date of the new advisory agreement for the India Earnings Fund, WTAM had agreed to limit India Earnings Fund’s total annual operating expenses from exceeding 0.88% of the average net assets of the Fund. The table below indicates the waiver and expense reimbursements.
| Advisory Fees Waived/Expense Reimbursement |
||||
| Total Earnings Fund |
$ | — | ||
| Earnings 500 Fund |
12 | |||
| MidCap Earnings Fund |
655 | |||
| SmallCap Earnings Fund |
1,033 | |||
| LargeCap Value Fund |
— | |||
| India Earnings Fund (consolidated) |
162,800 | |||
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2013, there was an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust. Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units, shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in Net Assets. The consideration for the purchase of creation units of a Fund generally 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, 2013 were as follows:
| Fund | Purchases | Sales | ||||||
| Total Earnings Fund |
$ | 6,220,371 | $ | 6,178,023 | ||||
| Earnings 500 Fund |
7,912,643 | 7,982,777 | ||||||
| MidCap Earnings Fund |
64,564,662 | 66,848,690 | ||||||
| SmallCap Earnings Fund |
76,405,923 | 79,022,536 | ||||||
| LargeCap Value Fund |
18,086,113 | 18,094,906 | ||||||
| India Earnings Fund (consolidated) |
472,043,547 | 268,064,411 | ||||||
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Notes to Financial Statements (continued)
For the fiscal year ended March 31, 2013, the cost of purchases and the proceeds from sales resulting from in-kind capital share transactions were as follows:
| Fund | Purchases | Sales | ||||||
| Total Earnings Fund |
$ | 4,771,272 | $ | — | ||||
| Earnings 500 Fund |
5,094,541 | 14,522,476 | ||||||
| MidCap Earnings Fund |
70,557,721 | 40,722,949 | ||||||
| SmallCap Earnings Fund |
68,654,692 | 51,049,256 | ||||||
| LargeCap Value Fund |
— | 9,076,536 | ||||||
| India Earnings Fund (consolidated) |
— | — | ||||||
Gains and losses on in-kinds redemptions are not recognized by the Funds for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2013, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
| Fund | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
| Total Earnings Fund |
$ | 44,121,589 | $ | 11,085,263 | $ | (1,249,556 | ) | $ | 9,835,707 | |||||||
| Earnings 500 Fund |
54,862,501 | 13,130,022 | (2,096,700 | ) | 11,033,322 | |||||||||||
| MidCap Earnings Fund |
198,502,517 | 37,370,954 | (4,001,464 | ) | 33,369,490 | |||||||||||
| SmallCap Earnings Fund |
181,540,979 | 28,814,175 | (7,884,030 | ) | 20,930,145 | |||||||||||
| LargeCap Value Fund |
20,716,712 | 4,446,149 | (652,964 | ) | 3,793,185 | |||||||||||
| India Earnings Fund (consolidated) |
1,095,005,640 | 151,203,265 | (177,944,537 | ) | (26,741,272 | ) | ||||||||||
At March 31, 2013, the components of accumulated earnings /(loss) on a tax basis were as follows:
| Fund | Undistributed Ordinary Income |
Undistributed Capital and Other Losses |
Net Unrealized Appreciation/ (Depreciation) |
Currency Unrealized Appreciation |
Total Accumulated Earnings/(Losses) |
|||||||||||||||
| Total Earnings Fund |
$ | 15,983 | $ | (6,234,598 | ) | $ | 9,835,707 | $ | — | $ | 3,617,092 | |||||||||
| Earnings 500 Fund |
19,605 | (19,714,763 | ) | 11,033,322 | — | (8,661,836 | ) | |||||||||||||
| MidCap Earnings Fund |
106,429 | (16,706,586 | ) | 33,369,490 | — | 16,769,333 | ||||||||||||||
| SmallCap Earnings Fund |
119,122 | (18,861,897 | ) | 20,930,145 | — | 2,187,370 | ||||||||||||||
| LargeCap Value Fund |
1,702 | (10,248,625 | ) | 3,793,185 | — | (6,453,738 | ) | |||||||||||||
| India Earnings Fund (consolidated) |
345,749 | (203,593,966 | ) | (26,741,272 | ) | 6,011 | (229,983,478 | ) | ||||||||||||
The tax character of distributions paid during the fiscal years ended March 31, 2013 and March 31, 2012, was as follows:
| Year Ended March 31, 2013 |
Year Ended March 31, 2012 |
|||||||
| Fund | Distributions Paid from Ordinary Income* |
Distributions Paid from Ordinary Income* |
||||||
| Total Earnings Fund |
$ | 982,617 | $ | 875,900 | ||||
| Earnings 500 Fund |
1,286,555 | 1,245,174 | ||||||
| MidCap Earnings Fund |
2,891,169 | 1,297,193 | ||||||
| SmallCap Earnings Fund |
2,911,993 | 1,778,298 | ||||||
| LargeCap Value Fund |
639,542 | 506,854 | ||||||
| India Earnings Fund (consolidated) |
8,238,846 | 8,702,508 | ||||||
| * | Includes short-term capital gains. |
At March 31, 2013, for Federal income tax purposes, the Funds have capital carryforwards available to offset future capital gains through the years indicated. To the extent that these loss carryforwards are utilized, capital gains so offset will not be distributed to shareholders.
| 76 | WisdomTree Domestic and International Earnings Funds |
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Notes to Financial Statements (continued)
| Fund | Capital Loss Available Through 2016 |
Capital Loss Available Through 2017 |
Capital Loss Available Through 2018 |
Capital Loss Available Through 2019 |
Short-Term Post-Effective No Expiration* |
Long-Term Post-Effective No Expiration* |
Capital Loss Available Total |
|||||||||||||||||||||
| Total Earnings Fund |
$ | 133,369 | $ | 451,951 | $ | 3,393,418 | $ | 935,380 | $ | — | $ | 1,081,880 | $ | 5,995,998 | ||||||||||||||
| Earnings 500 Fund |
194,476 | 1,286,040 | 10,811,338 | 4,536,572 | 137,513 | 2,731,577 | 19,697,516 | |||||||||||||||||||||
| MidCap Earnings Fund |
354,730 | 1,545,771 | 6,328,159 | 346,722 | 3,734,406 | 438,473 | 12,748,261 | |||||||||||||||||||||
| SmallCap Earnings Fund |
31,705 | 1,465,208 | 4,654,874 | 921,406 | 5,338,890 | 2,136,724 | 14,548,807 | |||||||||||||||||||||
| LargeCap Value Fund |
— | — | 9,953,160 | 295,465 | — | — | 10,248,625 | |||||||||||||||||||||
| India Earnings Fund (consolidated) |
1,179 | 20,567,350 | 7,978,486 | 6,294,051 | 66,810,329 | 78,222,620 | 179,874,015 | |||||||||||||||||||||
| * | 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, 2013, 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 |
$ | — | $ | 238,600 | ||||
| Earnings 500 Fund |
— | 17,247 | ||||||
| MidCap Earnings Fund |
661,639 | 3,296,686 | ||||||
| SmallCap Earnings Fund |
450,258 | 3,862,832 | ||||||
| LargeCap Value Fund |
— | — | ||||||
| India Earnings Fund (consolidated) |
1,311,590 | 22,408,361 | ||||||
During the fiscal year ended March 31, 2013, the following utilized capital loss carryforwards of the noted amounts to offset realized gains.
| Fund | Utilized Capital Loss Carryforwards |
|||
| Total Earnings Fund |
$ | — | ||
| Earnings 500 Fund |
— | |||
| MidCap Earnings Fund |
— | |||
| SmallCap Earnings Fund |
— | |||
| LargeCap Value Fund |
1,176,860 | |||
| India Earnings Fund (consolidated) |
— | |||
At March 31, 2013, the effect of permanent to book/tax reclassifications resulted in increases (decreases) to the components of net assets as follows:
| Fund | Undistributed Net Investment Income/(Loss) |
Accumulated Net Realized Gain/ (Loss) |
Paid-in Capital | |||||||||
| Total Earnings Fund |
$ | 645 | $ | (645 | ) | $ | — | |||||
| Earnings 500 Fund |
796 | (2,791,884 | ) | 2,791,088 | ||||||||
| MidCap Earnings Fund |
1,470 | (12,777,097 | ) | 12,775,627 | ||||||||
| SmallCap Earnings Fund |
135,171 | (13,903,456 | ) | 13,768,285 | ||||||||
| LargeCap Value Fund |
364 | (1,166,806 | ) | 1,166,442 | ||||||||
| India Earnings Fund (consolidated) |
(860,028 | ) | 860,028 | — | ||||||||
These differences are primarily due to redemption-in-kind, 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
| WisdomTree Domestic and International Earnings Funds | 77 |
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Notes to Financial Statements (continued)
and during the fiscal year ended March 31, 2013, 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, 2013, remains subject to examination by taxing authorities.
7. MAURITIUS INCOME TAX
The taxable profits derived from the worldwide income of the wholly owned subsidiary of the India Earnings Fund, the Portfolio, is subject to income tax at the rate of 15% in the Republic of Mauritius. As with all Mauritian tax residents, the Portfolio is entitled to a foreign tax credit (“FTC”) on its foreign sourced income. The FTC is based on the lower of the Mauritian tax or the foreign taxes suffered. Where documentary evidence is not available to substantiate the foreign taxes suffered, the FTC can be presumed to be 80% of the Mauritius tax on its foreign source income. The presumed FTC effectively reduces the Mauritian income tax rate on the foreign sourced income of the Portfolio to a maximum of 3%. Interest income on call and deposit accounts with Mauritian banks is exempt from tax, and there is no tax on capital gains in Mauritius. Effective August 8, 2012, in connection with the new advisory agreement, the Mauritius income tax is paid by WTAM.
8. OTHER AFFILIATED PARTIES AND TRANSACTIONS
Affiliated holdings are Funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the fiscal year ended March 31, 2013 are as follows:
| Fund Affiliates |
Value at 3/31/2012 |
Purchases/ Additions |
Sales/ Reductions |
Value at 3/31/2013 |
Dividend Income |
|||||||||||||||
| Total Earnings Fund |
||||||||||||||||||||
| WisdomTree LargeCap Growth Fund |
$ | 91,512 | $ | 373,106 | $ | 469,888 | $ | — | $ | 845 | ||||||||||
| Earnings 500 Fund |
||||||||||||||||||||
| WisdomTree Equity Income Fund |
$ | 83,955 | $ | 1,075,260 | $ | 1,025,655 | $ | 168,569 | $ | 4,655 | ||||||||||
| MidCap Earnings Fund |
||||||||||||||||||||
| WisdomTree MidCap Dividend Fund |
$ | 378,776 | $ | 2,838,311 | $ | 2,509,465 | $ | 824,711 | $ | 16,720 | ||||||||||
| SmallCap Earnings Fund |
||||||||||||||||||||
| WisdomTree MidCap Earnings Fund |
$ | 269,473 | $ | 2,833,527 | $ | 2,100,983 | $ | 1,178,467 | $ | 11,709 | ||||||||||
| LargeCap Value Fund |
||||||||||||||||||||
| WisdomTree Earnings 500 Fund |
$ | 130,986 | $ | 296,292 | $ | 391,565 | $ | 41,523 | $ | 1,116 | ||||||||||
| WisdomTree MidCap Earnings Fund |
55,842 | 108,791 | 147,826 | 17,708 | 388 | |||||||||||||||
| Total |
$ | 186,828 | $ | 405,083 | $ | 539,391 | $ | 59,231 | $ | 1,504 | ||||||||||
9. LOAN
During the fiscal year ended March 31, 2013, the India Earnings Fund had a demand note agreement with Morgan Stanley Bank, N.A. which allowed the Fund to borrow up to $120,000,000 until the stated maturity date of October 26, 2012. During the fiscal year ended March 31, 2013, the Fund utilized the demand note and borrowed for a period of 13 days with an average outstanding loan balance of $39,421,154 and a weighted average interest rate of 2.555% per annum. Interest expense related to the loan for the fiscal year ended March 31, 2013 was $35,775. At March 31, 2013, the Fund did not have any loan amounts outstanding.
10. NEW ACCOUNTING PRONOUNCEMENTS
In December 2011, FASB issued Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). These disclosures are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a company’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparisons between those entities that prepare their financial statements on the basis of US GAAP and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11 requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial statements and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods.
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Notes to Financial Statements (concluded)
On January 31, 2013, FASB issued Accounting Standards Update No. 2013-01 “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”). ASU 2013-01 limits the scope of the new balance sheet offsetting disclosures to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending transactions. The disclosures are required irrespective of whether the transactions are offset in the statement of assets and liabilities. The effective date and transition of the disclosure requirements in ASU 2011-11 remain unchanged.
At this time, management is evaluating the implications of ASU 2011-11 and ASU 2013-01 and their impact on the Trust’s financial statements.
11. LEGAL MATTER
On December 1, 2011, Research Affiliates, LLC (“Research Affiliates”) filed a complaint in the United States District Court for the Central District of California, naming the Trust, WTAM, and its parent company, WisdomTree Investments, along with other parties, as defendants. The complaint alleged that the fundamentally weighted investment methodology developed by WisdomTree Investments and employed by the Trust infringes three of plaintiff’s patents. The complaint sought both unspecified monetary damages to be determined and an injunction to prevent further infringement.
On November 7, 2012, Research Affiliates agreed to withdraw its suit and defendants agreed to withdraw their counterclaims and entered into a settlement agreement. Under the settlement, all parties exchanged releases for all existing claims. The other material terms of the settlement are as follows:
| • | Research Affiliates agreed not to sue the Trust, WTAM and WisdomTree Investments (the “WisdomTree Parties”) for any future claims arising under any current patents held by Research Affiliates, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by Research Affiliates within the next eight years, subject to reduction by up to three years if Research Affiliates is acquired. The covenant not to sue extends to service providers and customers of the WisdomTree Parties in connection with their products and services. |
| • | The WisdomTree Parties agreed not to sue Research Affiliates for any future claims arising under any current patents held by the WisdomTree Parties, as well as any future patents relating to fundamentally-weighted indexes and strategies that may issue under existing or future patent applications that may be filed by the WisdomTree Parties within the next eight years, subject to reduction by up to three years if any of the WisdomTree Parties are acquired. The covenant not to sue extends to service providers and customers of Research Affiliates in connection with Research Affiliates’ products and services. |
| • | Research Affiliates and the WisdomTree Parties agreed that the covenants not to sue do not include a right under each party’s patents to copy the other party’s methodologies. They have further agreed that it is not copying if Research Affiliates introduces an index or strategy that uses at least three fundamental factors to weight its indexes and they are not predominantly dividend- or earnings-weighted, or any of the WisdomTree Parties introduces an index or strategy that is weighted by less than three fundamental factors. |
| • | The parties also agreed not to challenge the other party’s patents or patent applications. |
| • | Research Affiliates agreed to a one-time payment of $0.7 million to WisdomTree Investments. The WisdomTree Parties and the other defendants were not required to make any current or future payments to Research Affiliates. |
All other terms of the settlement are confidential and the settlement will not affect the current methodologies and fees for any of the Trust’s Funds.
WTAM and WisdomTree Investments had previously contractually agreed to indemnify the Trust and pay any losses, claims and damages (including legal fees) incurred by the Trust or a Fund in connection with the complaint so the Trust incurred no out-of-pocket expense in connection with this lawsuit.
| WisdomTree Domestic and International Earnings Funds | 79 |
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Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund and WisdomTree India Earnings Fund (six of the investment funds constituting the WisdomTree Trust (the “Trust”)) as of March 31, 2013, 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, 2013, by correspondence with the custodian and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of WisdomTree Total Earnings Fund, WisdomTree Earnings 500 Fund, WisdomTree MidCap Earnings Fund, WisdomTree SmallCap Earnings Fund, WisdomTree LargeCap Value Fund and WisdomTree India Earnings Fund of WisdomTree Trust at March 31, 2013, 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.
New York, New York
May 28, 2013
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Approval of Investment Advisory and Sub-Advisory Agreement (unaudited)
Approval of the Investment Advisory Agreement between the Trust and WTAM. The Trust and WTAM have entered into an investment advisory agreement, dated November 20, 2012, covering each of the Funds (the “Investment Advisory Agreement”). At a meeting held on March 1, 2012, the Board of Trustees approved the Investment Advisory Agreement to go into effect in the event of a change in control of WTAM with respect to each of the Funds. Subsequently, the Investment Advisory Agreement was approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. A change in control of WTAM took place on November 20, 2012, and the Investment Advisory Agreement became effective on that same date. The Investment Advisory Agreement approved by the Board of Trustees has fees, services and terms that are identical to the fees, services and terms of the investment advisory agreement between the Trust and WTAM that was in effect immediately prior to the change in control.
In approving the Investment Advisory Agreement, the Board of Trustees reviewed and analyzed the factors it deemed relevant, including: (i) the nature, quality, and extent of the services to be provided by WTAM to the Funds; (ii) Fund expenses and the investment performance of the Funds and WTAM; (iii) the costs of services to be provided and the profits to be realized by WTAM from its relationships with the Funds; (iv) the extent to which economies of scale would be realized as the Funds grow; and (v) whether the fee levels reflect these economies of scale for the benefit of investors.
The Board of Trustees also considered the nature and quality of the services to be provided by WTAM to the Funds, recognizing WTAM’s operational capabilities and resources. The Board of Trustees also noted the extensive responsibilities that WTAM has as investment adviser to the Funds, including the selection of the Funds’ Sub-Advisers, oversight of the Sub-Advisers’ compliance with Fund policies and objectives, oversight of general Fund compliance with federal and state laws, and the implementation of Board directives as they relate to the Funds.
The Board of Trustees gave substantial consideration to the fees payable to WTAM. The Board of Trustees examined the fees to be paid by each Fund in light of fees paid to other investment managers by comparable funds and the method of computing each Fund’s fee. After comparing the fees with those of comparable funds and in light of the quality and extent of services to be provided and the costs anticipated to be incurred by WTAM, the Board of Trustees concluded that the level of the fees paid to WTAM with respect to each Fund is fair and reasonable. The Board of Trustees evaluated WTAM’s costs and profitability in serving as investment adviser to the existing Funds, including the costs associated with the personnel, systems and equipment necessary to manage the Funds and the costs associated with compensating the Sub-Advisers.
Approval of the Sub-Advisory Agreement between WTAM and MCM. At the March 1, 2012 Board Meeting, the Board of Trustees also approved a new sub-advisory agreement between WTAM and MCM to go into effect in the event of a change in control of WTAM, using many of the same considerations it used in connection with the approval of the Investment Advisory Agreement, as well as consideration of potential “fall-out” benefits to MCM and its affiliates (i.e., ancillary benefits that may be realized by MCM and its affiliates from MCM’s relations with the Funds, such as other service contracts). The sub-advisory agreement approved on March 1, 2012 had fees, services and terms that were identical to the fees, services and terms of the sub-advisory agreement between WTAM and MCM that was in effect on the date of the March 1, 2012 meeting, with the Board noting that WTAM, not the Funds, pays the fees to MCM under the sub-advisory agreement for each Fund. Subsequently, the new sub-advisory agreement was approved by shareholders at a special meeting held on June 29, 2012 and reconvened on August 8, 2012. At the same special meeting and adjournment, the shareholders approved manager of managers relief for each of the Funds, which permits WTAM and the Funds to retain sub-advisers and amend sub-advisory contracts without shareholder approval, subject to certain conditions. As noted above, a change in control of WTAM took place on November 20, 2012, and the new sub-advisory agreement approved by the Board of Trustees on March 1, 2012 became effective on November 20, 2012.
Based on these considerations and the overall high quality of the personnel, operations, financial condition, investment advisory capabilities, methodologies, and performance of WTAM and MCM, the Board of Trustees determined that the approval of the Investment Advisory Agreement and the sub-advisory agreements, as applicable, was in the best interests of each Fund. After full consideration of these and other factors, the Board of Trustees, including a majority of the Independent Trustees, with the assistance of independent counsel, approved the Investment Advisory Agreement and sub-advisory agreements, as applicable, for each Fund.
| WisdomTree Domestic and International Earnings Funds | 81 |
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Trustees and Officers Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 380 Madison Avenue, 21st Floor, New York, NY 10017.
Interested Trustee and Officers
| Name (year of birth) |
Position |
Term of
Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee/ Officer+ |
Other Directorships Officer | |||||||
| Jonathan Steinberg (1964) |
Trustee, President* | Trustee and Officer since 2005 | President, WisdomTree Trust since 2005; President, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc.; Chief Executive Officer, WisdomTree Investments, Inc. | 47 | Director, WisdomTree Investments, Inc. and WisdomTree Asset Management, Inc. | |||||||
| David Castano*** (1971) |
Treasurer* | Officer since 2013 | Director of Fund Accounting & Administration, WisdomTree Asset Management, Inc. since 2011; Vice President of Legg Mason & Co. and served as Treasurer from 2010 to 2011 and Controller from 2006 to 2010 of certain mutual funds associated with Legg Mason & Co.; Assistant Treasurer of Lord Abbett mutual funds from 2004 to 2006. | 47 | None | |||||||
| Sarah English** (1977) |
Secretary* | Officer since 2012 | Counsel, WisdomTree Asset Management, Inc. since 2010; Attorney, NYFIX, Inc. 2006 to 2009. | 47 | None | |||||||
| Terry Jane Feld** (1960) |
Chief Compliance Officer* | Officer since 2012 | Chief Compliance Officer, WisdomTree Asset Management, Inc. since 2012; Senior Compliance Officer, WisdomTree Asset Management, Inc. since 2011; Senior Compliance Officer, TIAA-CREF, 2007 to 2010; Vice President/NASD-SEC Compliance, Mutual of America Life Insurance Co., 2004 to 2007. | 47 | None | |||||||
| + | As of March 31, 2013. |
| * | Elected by and serves at the pleasure of the Board of Trustees. |
| ** | Sarah English and Terry Jane Feld were elected as officers to the Trust by the Board of Trustees on October 5, 2012. |
| *** | Elected as an officer to the Trust by the Board of Trustees effective January 1, 2013. |
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Trustees and Officers Information (unaudited) (concluded)
Independent Trustees
| Name (year of birth) |
Position |
Term of Office |
Principal Occupation(s) |
Number of Portfolios in Fund Complex Overseen by Trustee+ |
Other | |||||
| Joel Goldberg* (1945) |
Trustee | Trustee since 2012 | Attorney, Partner at Stroock & Stroock & Lavan LLP, 2010 to present; Attorney, Partner at Willkie Farr & Gallagher LLP, 2006 to 2010. | 47 | None | |||||
| Toni Massaro (1955)** |
Trustee | Trustee since 2006 | Dean Emerita at the University of Arizona James E. Rogers College of Law (“Rogers College of Law”) since 2009 (distinguished Emerita in July 2009); Dean at the Rogers College of Law from 1999 to 2009; Regents’ Professor since 2006; Milton O. Riepe Chair in Constitutional Law since 1997; Professor at the Rogers College of Law since 1990. | 47 | None | |||||
| Victor Ugolyn (1947) |
Trustee, Chairman of the Board of Trustees | Trustee and Chairman since 2006 | Private Investor, 2005 to Present; President and Chief Executive Officer of William D. Witter, Inc. from 2005 to 2006; Consultant to AXA Enterprise in 2004; Chairman, President and Chief Executive Officer of Enterprise Capital Management (subsidiary of The MONY Group, Inc.) and Enterprise Group of Funds, Chairman of MONY Securities Corporation, and Chairman of the Fund Board of Enterprise Group of Funds 1991 to 2004. | 47 | Member of the Board of Directors of New York Society of Security Analysts; Member of the Board of Governors of Naismith Memorial Basketball Hall of Fame | |||||
| + | As of March 31, 2013. |
| * | Chair of the Governance and Nominating Committee. Joel Goldberg was appointed to the Board on October 5, 2012. |
| ** | Chair of the Audit Committee. |
| WisdomTree Domestic and International Earnings Funds | 83 |
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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, 2013, is provided for information purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar year will be reported to you on Form 1099-DIV in January 2014.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year ended March 31, 2013, the following represents the maximum amount of ordinary income distributions that may be considered qualified dividend income:
| Fund | Qualified Dividend Income |
|||
| Total Earnings Fund |
$ | 982,617 | ||
| Earnings 500 Fund |
1,286,555 | |||
| MidCap Earnings Fund |
2,867,882 | |||
| SmallCap Earnings Fund |
2,869,828 | |||
| LargeCap Value Fund |
639,542 | |||
| India Earnings Fund (consolidated) |
8,238,846 | |||
The following represents the percentage of dividends paid during the fiscal year ended March 31, 2013, that qualify for the 70% dividends received deduction for corporate shareholders:
| Fund | Dividends-Received Deduction |
|||
| Total Earnings Fund |
100.00 | % | ||
| Earnings 500 Fund |
100.00 | % | ||
| MidCap Earnings Fund |
100.00 | % | ||
| SmallCap Earnings Fund |
98.31 | % | ||
| LargeCap Value Fund |
100.00 | % | ||
| India Earnings Fund (consolidated) |
0.00 | % | ||
The Fund intends to elect to pass through to shareholders the credit for taxes paid during the fiscal year ended March 31, 2013, to foreign countries. The gross foreign source income and foreign taxes paid are as follows:
| Fund | Gross Foreign Income |
Foreign Taxes Paid |
||||||
| Total Earnings Fund |
$ | — | $ | — | ||||
| Earnings 500 Fund |
— | — | ||||||
| MidCap Earnings Fund |
— | — | ||||||
| SmallCap Earnings Fund |
— | — | ||||||
| LargeCap Value Fund |
— | — | ||||||
| India Earnings Fund (consolidated) |
17,697,067 | 246,519 | ||||||
| 84 | WisdomTree Domestic and International Earnings Funds |
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General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12-month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
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.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each Fund are available, without charge, at www.wisdomtree.com.
| WisdomTree Domestic and International Earnings Funds | 85 |
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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, 2013:
| WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Global ex-U.S. Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree China Dividend ex-Financials Fund (CHXF)
WisdomTree International Dividend Sector Funds
WisdomTree Commodity Country Equity Fund (CCXE)
WisdomTree Global Natural Resources Fund (GNAT)
WisdomTree Global ex-U.S. Utilities Fund (DBU)
WisdomTree Global ex-U.S. Real Estate Fund (DRW) |
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree India Earnings Fund (EPI)
WisdomTree Currency Funds
WisdomTree Brazilian Real Fund (BZF)
WisdomTree Chinese Yuan Fund (CYB)
WisdomTree Commodity Currency Fund (CCX)
WisdomTree Emerging Currency Fund (CEW)
WisdomTree Indian Rupee Fund (ICN)
WisdomTree Fixed Income Funds
WisdomTree Asia Local Debt Fund (ALD)
WisdomTree Australia & New Zealand Debt Fund (AUNZ)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
WisdomTree Emerging Markets Local Debt Fund (ELD)
WisdomTree Euro Debt Fund (EU)
WisdomTree Global Corporate Bond Fund (GLCB)
WisdomTree Alternative Funds
WisdomTree Global Real Return Fund (RRF)
WisdomTree Managed Futures Strategy Fund (WDTI) |
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. The WisdomTree India Earnings Fund focuses its investments in India, thereby increasing the impact of events and developments associated with the region which can adversely affect performance. Investments in emerging, offshore or frontier markets such as India are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation and intervention or political developments. Due to the investment strategy of certain Funds they may make higher capital gain distributions than other ETFs. Please read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
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WisdomTree Trust
380 Madison Avenue, 21st Floor
New York, NY 10017
WisdomTree Domestic and International Earnings Funds
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree LargeCap Value Fund
WisdomTree India Earnings Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS005272 5/2014
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| Item 2. | Code of Ethics. |
| (a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
| (c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
| (d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this item’s instructions. |
| Item 3. | Audit Committee Financial Expert. |
The Registrant’s Board of Trustees has determined that the Registrant has one audit committee financial expert, as that term is defined under Item 3(b) and 3(c), serving on its audit committee. The audit committee financial expert serving on the Registrant’s audit committee is Victor Ugolyn, who is an independent Trustee of the Trust, as that term is defined under Item 3(a) (2).
| Item 4. | Principal Accountant Fees and Services. |
Audit Fees
| (a) | The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $785,733 for 2013 and $732,480 for 2012. |
Audit-Related Fees
| (b) | The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $0 for 2013 and $0 for 2012. |
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Tax Fees
| (c) | The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $396,220 for 2013 and $438,490 for 2012. |
All Other Fees
| (d) | The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 for 2013 and $0 for 2012. |
| (e)(1) | Disclose the audit committee’s pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X. |
Per Rule 2-01(c) (7) (A), the Registrant’s audit committee charter provides that the audit committee shall select and approve in advance the retention of independent accountants to annually audit and provide their opinion on the Registrant’s financial statements. The audit committee must also approve prior to appointment the engagement of the principal accountant to provide other audit services to the Registrant or to provide non-audit services to the Registrant, its investment adviser, or any entity controlling, controlled by, or under common control with its investment adviser (“adviser/affiliate”) that provides ongoing services to the Registrant, if the engagement by the investment adviser or adviser affiliate relates directly to the operations and financial reporting of the Registrant. The audit committee must also, prior to appointment of the engagement of the principal accountant, review and approve the fees proposed to be charged to the Registrant by the auditors for each audit and non-audit service. The audit committee must also consider whether non-audit services provided by the Registrant’s principal accountant to the Registrant’s investment adviser, or adviser/affiliate that provides ongoing services to the Trust are compatible with maintaining the auditor’s independence.
| (e)(2) | The Registrant’s Audit Committee has approved 100% of services described in each of Items 4(b) through (d) pursuant to paragraph (c) (7) (A) of Rule 2-01 of Regulation S-X. |
| (f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was 0%. |
| (g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $436,220 for 2013 and $438,490 for 2012. |
| (h) | Not applicable. |
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| Item 5. | Audit Committee of Listed registrants. |
The Registrant is an issuer as defined in Rule 10A-3 under the Exchange Act and has a separately-designated standing audit committee established in accordance with Section 3(a) (58)A of the Exchange Act. The Registrant’s audit committee members are Toni Massaro, Victor Ugolyn, and Joel Goldberg.
| Item 6. | Investments. |
| (a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form. |
| (b) | Not applicable. |
| Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
| Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
| Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
| Item 10. Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of directors, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
| Item 11. Controls and Procedures. |
| (a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
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| (b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
| Item 12. Exhibits. |
| (a)(1) |
Code of ethics, or any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. | |
| (a)(2) |
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. | |
| (a)(3) |
Not applicable. | |
| (b) |
Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. | |
(12.other) Not applicable.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) | WisdomTree Trust |
| By (Signature and Title)* | /s/ Jonathan L. Steinberg | |
| Jonathan L. Steinberg, President | ||
| (principal executive officer) | ||
| Date | June 7, 2013 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title)* | /s/ Jonathan L. Steinberg | |
| Jonathan L. Steinberg, President | ||
| (principal executive officer) |
| Date | June 7, 2013 | |
| By (Signature and Title)* | /s/ David Castano | |
| David Castano, Treasurer | ||
| (principal financial officer) | ||
| Date | June 7, 2013 | |
* Print the name and title of each signing officer under his or her signature.