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)
48 Wall Street, 11th Floor
New York, NY 10005
(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: September 30, 2007
------------------
Form N-CSR is to be used by management investment companies to file reports with
the Commission not later than 10 days after the transmission to stockholders of
any report that is required to be transmitted to stockholders under Rule 30e-1
under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may
use the information provided on Form N-CSR in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-CSR
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW,
Washington, DC 20549-0609. The OMB has reviewed this collection of information
under the clearance requirements of 44 U.S.C. ss. 3507.
Item 1. Report(s) to Stockholders.
The Trust's semi-annual report transmitted to shareholders pursuant to Rule
30e-1 under the Investment Company Act of 1940 is as follows:
[LOGO]
WISDOMTREE
Fundamental ETFs
WisdomTree Trust
Domestic Dividend Funds
--------------------------------------------------------------------------------
Semi-Annual Report
September 30, 2007
WisdomTree Total Dividend Fund
WisdomTree High-Yielding Equity Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend Top 100(SM) Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
Table of Contents
Letter to Shareholders ................................. 1
Performance Summaries .................................. 3
Shareholder Expense Examples ........................... 9
Schedules of Investments
WisdomTree Total Dividend Fund ........................ 11
WisdomTree High-Yielding Equity Fund .................. 21
WisdomTree LargeCap Dividend Fund ..................... 26
WisdomTree Dividend Top 100 Fund ...................... 30
WisdomTree MidCap Dividend Fund ....................... 32
WisdomTree SmallCap Dividend Fund ..................... 38
Statements of Assets and Liabilities ................... 47
Statements of Operations ............................... 48
Statements of Changes in Net Assets .................... 49
Financial Highlights ................................... 51
Notes to the Financial Statements ...................... 54
Frequency Distribution of Discounts & Premiums ......... 58
General Information .................................... 59
"WisdomTree", "WisdomTree Investments" and "Dividend Top 100" are service marks
of WisdomTree Investments, Inc. and are licensed for use by the Trust.
Letter to Shareholders
Dear Shareholders:
It is a pleasure to report to you on the progress of the WisdomTree Trust for
the six-month period ended September 30, 2007.
WisdomTree is committed to providing investors with viable alternatives to
cap-weighted index funds. Two recent launches underscore our intention to serve
investors in unique ways. In June, the company launched the first fundamentally
weighted international real estate exchange traded fund (DRW). In July,
WisdomTree listed the first fundamentally weighted emerging markets ETF (DEM),
comprised of dividend-paying companies selected from 19 emerging market nations.
When combined with WisdomTree's 14 developed market ETFs and 10 pure non-U.S.
sector ETFs, our international offerings stood at 26 as of September 30, 2007,
distinguishing WisdomTree's international line-up as one of the most
comprehensive in the industry today. As of September 30, 2007, WisdomTree Trust
assets totaled $4.4 billion, with approximately 71% of total assets under
management invested in WisdomTree's international product set.
The highest returns over this six-month period were generated outside the U.S.
Equity markets in the Pacific region excluding Japan showed the greatest
strength relative to other parts of the developed market, while Japanese equity
markets continued to lag. WisdomTree's best-performing fund was its Pacific
ex-Japan Total Dividend Fund (DND), which returned 24.40% for the six-month
period ended September 30, 2007. The WisdomTree Japan High-Yielding Equity Fund
(DNL), which lost 5.74% for the period, was WisdomTree's worst performing fund
over this time frame. However, WisdomTree's broadest international ETF, the
WisdomTree DEFA Fund (DWM), benefited from Japan's relative weakness. DWM, which
is underweight Japanese stocks relative to the MSCI EAFE Index, returned 10.63%
for the period, surpassing the MSCI EAFE Index by 1.91 percentage points for the
six-month period ended September 30, 2007.*
On the domestic front, WisdomTree's fundamentally-weighted ETFs ran into two
head winds: weakness in the financial and real estate industries, coupled with
the re-emergence of growth stocks. Buffeted by investor concerns over exposure
to sub-prime housing loans, financial stocks have been the worst performing
sector of the U.S. economy in 2007. The weakness in financials contributed to
value stocks, measured by the Russell 3000 Value Index, underperforming growth
stocks, measured by the Russell 3000 Growth Index, for first time since 1999.
Specific performance information for WisdomTree's funds, relative to their
underlying WisdomTree index and a comparable benchmark, is provided in the pages
that follow.
Thank you for your continued support.
Best regards,
/s/ Jonathan Steinberg
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
The sources and forecasts expressed are as of September 30, 2007 and may not
actually come to pass. This information is subject to change at any time based
on market and other conditions and should not be construed as a recommendation
of any specific security.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
* Performance Information for the MSCI EAFE Index assumed the reinvestment
of net dividends and excludes management fees, transaction costs and
expenses. You cannot invest directly in an index.
WisdomTree Domestic Dividend Funds 1
Letter to Shareholders (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.
The MSCI EAFE Index is a market cap-weighted index composed of company's
representative of the developed market structure of 21 developed countries in
Europe, Australasia and Japan.
The Russell 3000 Value Index measures the performance of those Russell 3000
Index companies with lower price-to-book ratios and lower forecasted growth
values.
The Russell 3000 Growth Index measures the performance of those Russell 3000
Index companies with higher price-to-book ratios and higher forecasted growth
values.
2 WisdomTree Domestic Dividend Funds
Performance Summary
WisdomTree Total Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 28.4%
Consumer Non-Cyclical 19.8%
Industrials 11.5%
Energy 8.4%
Communications 8.1%
Utilities 6.3%
Consumer Cyclical 6.0%
Basic Materials 5.5%
Technology 5.4%
Diversified 0.1%
Other 0.5%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Company % of Net Assets
-------------------------------------------------
General Electric Co. 4.3%
-------------------------------------------------
Bank of America Corp. 3.4%
-------------------------------------------------
Citigroup, Inc. 3.3%
-------------------------------------------------
AT&T, Inc. 3.2%
-------------------------------------------------
Exxon Mobil Corp. 3.1%
-------------------------------------------------
Pfizer, Inc. 2.3%
-------------------------------------------------
Altria Group, Inc. 2.2%
-------------------------------------------------
Verizon Communications, Inc. 2.2%
-------------------------------------------------
Chevron Corp. 2.1%
-------------------------------------------------
JPMorgan Chase & Co. 1.7%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Total Dividend Fund seeks investment results that closely correspond
to the price and yield performance, before fees and expenses, of the WisdomTree
Dividend Index.
The WisdomTree Total Dividend Fund (DTD) returned 5.66% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 10.99% of the Fund and
returned 16.55% over the period. General Electric Co. was the top contributor to
the performance for the period. Financials was the biggest detractor to the Fund
for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.28%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree Russell
Net Asset Value Market Price Dividend Index 3000 Index
----------------------------------------------------------------------------------------
Six Month* 5.66% 5.59% 6.37% 7.40%
----------------------------------------------------------------------------------------
One Year 13.86% 13.78% 14.33% 16.57%
----------------------------------------------------------------------------------------
Since Inception(1) 17.73% 17.51% 18.04% 18.39%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Dividend Funds 3
Performance Summary
WisdomTree High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 38.4%
Consumer Non-Cyclical 19.1%
Communications 11.6%
Utilities 9.3%
Industrials 8.6%
Basic Materials 6.7%
Energy 4.1%
Consumer Cyclical 1.4%
Technology 0.4%
Other 0.4%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Company % of Net Assets
-------------------------------------------------
General Electric Co. 8.1%
-------------------------------------------------
Bank of America Corp. 6.2%
-------------------------------------------------
Citigroup, Inc. 6.1%
-------------------------------------------------
AT&T, Inc. 6.1%
-------------------------------------------------
Pfizer, Inc. 4.1%
-------------------------------------------------
Verizon Communications, Inc. 4.0%
-------------------------------------------------
Altria Group, Inc. 4.0%
-------------------------------------------------
Chevron Corp. 3.9%
-------------------------------------------------
JPMorgan Chase & Co. 3.2%
-------------------------------------------------
Wachovia Corp. 2.8%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree High-Yielding Equity Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree High-Yielding Equity Index.
The WisdomTree High-Yielding Equity Fund (DHS) returned 3.43% at NAV, for the
six month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 8.17% of the Fund and returned
16.45% over the period. General Electric Co. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Average Annual Total Return
-----------------------------------------------------------------------------------------
WisdomTree
High-Yielding Russell 1000
Net Asset Value Market Price Equity Index Value Index
-----------------------------------------------------------------------------------------
Six Month* 3.43% 3.36% 3.55% 4.67%
-----------------------------------------------------------------------------------------
One Year 11.15% 10.97% 11.12% 14.49%
-----------------------------------------------------------------------------------------
Since Inception(1) 16.88% 16.78% 16.94% 18.44%
-----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
4 WisdomTree Domestic Dividend Funds
Performance Summary
WisdomTree LargeCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 26.4%
Consumer Non-Cyclical 21.5%
Industrials 11.7%
Energy 9.6%
Communications 8.6%
Technology 5.8%
Utilities 5.6%
Consumer Cyclical 5.3%
Basic Materials 5.1%
Other 0.4%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Company % of Net Assets
-------------------------------------------------
General Electric Co. 5.2%
-------------------------------------------------
Bank of America Corp. 4.0%
-------------------------------------------------
Citigroup, Inc. 3.9%
-------------------------------------------------
AT&T, Inc. 3.9%
-------------------------------------------------
Exxon Mobil Corp. 3.9%
-------------------------------------------------
Pfizer, Inc. 2.7%
-------------------------------------------------
Verizon Communications, Inc. 2.6%
-------------------------------------------------
Altria Group, Inc. 2.5%
-------------------------------------------------
Chevron Corp. 2.5%
-------------------------------------------------
JPMorgan Chase & Co. 2.0%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree LargeCap Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree LargeCap Dividend Index.
The WisdomTree LargeCap Dividend Fund (DLN) returned 6.94% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Energy contributed most significantly to this
performance; the sector comprised on average 8.71% of the Fund and returned
24.91% over the period. General Electric Co. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.28%.
Performance as of 9/30/07
---------------------------------------------------------------------------------------
Average Annual Total Return
---------------------------------------------------------------------------------------
WisdomTree
LargeCap S&P 500
Net Asset Value Market Price Dividend Index Index
---------------------------------------------------------------------------------------
Six Month* 6.94% 6.76% 7.40% 8.44%
---------------------------------------------------------------------------------------
One Year 14.65% 14.50% 15.22% 16.49%
---------------------------------------------------------------------------------------
Since Inception(1) 18.78% 18.52% 19.12% 18.92%
---------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Dividend Funds 5
Performance Summary
WisdomTree Dividend Top 100 Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 29.1%
Utilities 20.0%
Consumer Non-Cyclical 18.9%
Basic Materials 13.1%
Consumer Cyclical 6.7%
Communications 6.2%
Industrials 3.7%
Energy 1.1%
Technology 0.9%
Other 0.3%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Company % of Net Assets
-------------------------------------------------
Southern Copper Corp. 6.8%
-------------------------------------------------
AT&T, Inc. 2.4%
-------------------------------------------------
Verizon Communications, Inc. 1.8%
-------------------------------------------------
Bristol-Myers Squibb Co. 1.7%
-------------------------------------------------
Southern Co. 1.6%
-------------------------------------------------
Progress Energy, Inc. 1.5%
-------------------------------------------------
Reynolds American, Inc. 1.4%
-------------------------------------------------
Consolidated Edison, Inc. 1.4%
-------------------------------------------------
DTE Energy Co. 1.4%
-------------------------------------------------
Ameren Corp. 1.3%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Dividend Top 100 Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Dividend Top 100 Index.
The WisdomTree Dividend Top 100 Fund (DTN) returned 3.12% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Materials contributed most significantly to this
performance; the sector comprised on average 11.46% of the Fund and returned
31.15% over the period. Southern Copper Corp was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------------
WisdomTree Dow Jones
Dividend Top 100 U.S. Select
Net Asset Value Market Price Index Dividend Index
----------------------------------------------------------------------------------------------
Six Month* 3.12% 2.98% 4.03% (1.19)%
----------------------------------------------------------------------------------------------
One Year 14.34% 14.12% 15.84% 8.84%
----------------------------------------------------------------------------------------------
Since Inception(1) 18.71% 18.55% 19.36% 12.51%
----------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
6 WisdomTree Domestic Dividend Funds
Performance Summary
WisdomTree MidCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 40.4%
Utilities 13.0%
Industrials 11.5%
Consumer Non-Cyclical 8.8%
Basic Materials 8.4%
Consumer Cyclical 6.9%
Communications 4.8%
Energy 3.0%
Technology 2.0%
Diversified 0.3%
Other 0.9%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------------------
Company % of Net Assets
--------------------------------------------------------------
American Capital Strategies Ltd. 1.6%
--------------------------------------------------------------
Windstream Corp. 1.6%
--------------------------------------------------------------
Lyondell Chemical Co. 1.4%
--------------------------------------------------------------
New York Community Bancorp, Inc. 1.2%
--------------------------------------------------------------
Plum Creek Timber Co., Inc. 1.2%
--------------------------------------------------------------
Allied Capital Corp. 1.2%
--------------------------------------------------------------
HCP, Inc. 1.1%
--------------------------------------------------------------
Citizens Communications Co. 1.0%
--------------------------------------------------------------
iStar Financial, Inc. 1.0%
--------------------------------------------------------------
Loews Corp. 0.9%
--------------------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree MidCap Dividend Fund seeks investment results that closely correspond
to the price and yield performance, before fees and expenses, of the WisdomTree
MidCap Dividend Index.
The WisdomTree MidCap Dividend Fund (DON) returned -1.50% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 7.91% of the Fund and returned
11.99% over the period. Lyondell Petrochemical Co. was the top contributor to
the performance for the period. Financials was the biggest detractor to the Fund
for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree
MidCap S&P MidCap
Net Asset Value Market Price Dividend Index 400 Index
----------------------------------------------------------------------------------------
Six Month* (1.50)% (1.49)% (2.89)% 4.92%
----------------------------------------------------------------------------------------
One Year 8.91% 8.90% 7.04% 18.82%
----------------------------------------------------------------------------------------
Since Inception(1) 12.14% 12.51% 10.85% 16.31%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Dividend Funds 7
Performance Summary
WisdomTree SmallCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 47.6%
Consumer Non-Cyclical 10.6%
Consumer Cyclical 10.6%
Industrials 9.7%
Utilities 6.5%
Communications 6.3%
Basic Materials 5.6%
Energy 1.5%
Technology 1.0%
Other 0.6%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A Sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Company % of Net Assets
-----------------------------------------------------------------------
Vector Group Ltd. 1.1%
-----------------------------------------------------------------------
Lexington Corporate Properties Trust 1.0%
-----------------------------------------------------------------------
Regal Entertainment Group Class A 1.0%
-----------------------------------------------------------------------
Tupperware Brands Corp. 0.8%
-----------------------------------------------------------------------
Olin Corp. 0.8%
-----------------------------------------------------------------------
Deluxe Corp. 0.8%
-----------------------------------------------------------------------
Pennsylvania Real Estate Investment Trust 0.8%
-----------------------------------------------------------------------
Franklin Street Properties Corp. 0.7%
-----------------------------------------------------------------------
National Retail Properties, Inc. 0.7%
-----------------------------------------------------------------------
MCG Capital Corp. 0.7%
-----------------------------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree SmallCap Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree SmallCap Dividend Index.
The WisdomTree SmallCap Dividend Fund (DES) returned -4.04% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 10.61% of the Fund and
returned 5.71% over the period. Vector Group Ltd. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------
Average Annual Total Return
------------------------------------------------------------------------------------------
WisdomTree
SmallCap Russell 2000
Net Asset Value Market Price Dividend Index Index
------------------------------------------------------------------------------------------
Six Month* (4.04)% (3.81)% (4.86)% 1.19%
------------------------------------------------------------------------------------------
One Year 4.66% 4.59% 2.90% 12.38%
------------------------------------------------------------------------------------------
Since Inception(1) 9.30% 9.26% 8.11% 13.80%
------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
8 WisdomTree Domestic Dividend Funds
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 April 1, 2007 to September 30, 2007.
Actual expenses
The first line under each Fund in the table on the next page provides
information about actual account values and actual expenses. You may use the
information in this line, together with the amount you invested, to estimate the
expenses that you paid over the period. Simply divide your account value by
$1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then
multiply the result by the number in the first line for your Fund under the
heading entitled "Expenses Paid During Period 4/01/07 to 9/30/07" 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 9
Shareholder Expense Examples (unaudited) (concluded)
-------------------------------------------------------------------------------------------------------------------
Annualized
Expense Ratio Expenses Paid
Based on the During the
Beginning Ending Period Period+
Account Value Account Value 4/01/07 to 4/01/07 to
4/01/07 9/30/07 9/30/07 9/30/07
-------------------------------------------------------------------------------------------------------------------
WisdomTree Total Dividend Fund
Actual $ 1,000.00 $ 1,056.60 0.28% $ 1.45
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.59 0.28% $ 1.42
-------------------------------------------------------------------------------------------------------------------
WisdomTree High-Yielding Equity Fund
Actual $ 1,000.00 $ 1,034.33 0.38% $ 1.94
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree LargeCap Dividend Fund
Actual $ 1,000.00 $ 1,069.45 0.28% $ 1.46
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.59 0.28% $ 1.42
-------------------------------------------------------------------------------------------------------------------
WisdomTree Dividend Top 100 Fund
Actual $ 1,000.00 $ 1,031.23 0.38% $ 1.94
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree MidCap Dividend Fund
Actual $ 1,000.00 $ 984.96 0.38% $ 1.89
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree SmallCap Dividend Fund
Actual $ 1,000.00 $ 959.62 0.38% $ 1.87
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
+ Expenses are calculated using each Fund's annualized expense ratio,
multiplied by the average account value for the period, multiplied by
183/366 (to reflect one-half year period).
10 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited)
WisdomTree Total Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
COMMON STOCKS - 99.5%
Advertising - 0.1%
Harte-Hanks, Inc. 792 $ 15,587
Omnicom Group, Inc. 1,354 65,113
----------
Total Advertising 80,700
--------------------------------------------------------------------------
Aerospace/Defense - 1.8%
Boeing Co. (The) 3,742 392,873
DRS Technologies, Inc. 452 24,914
General Dynamics Corp. 1,917 161,929
Goodrich Corp. 726 49,535
L-3 Communications Holdings, Inc. 363 37,077
Lockheed Martin Corp. 2,271 246,381
Northrop Grumman Corp. 2,103 164,034
Raytheon Co. 3,107 198,289
Rockwell Collins, Inc. 495 36,155
United Technologies Corp. 5,816 468,071
----------
Total Aerospace/Defense 1,779,258
--------------------------------------------------------------------------
Agriculture - 2.7%
Altria Group, Inc. 30,912 2,149,310
Loews Corp. 990 81,408
Reynolds American, Inc. 4,818 306,377
Universal Corp. 624 30,545
UST, Inc. 2,246 111,402
Vector Group Ltd. 1,922 43,072
----------
Total Agriculture 2,722,114
--------------------------------------------------------------------------
Airlines - 0.0%
Southwest Airlines Co. 1,379 20,409
--------------------------------------------------------------------------
Apparel - 0.3%
Columbia Sportswear Co. 373 20,631
Liz Claiborne, Inc. 561 19,259
NIKE, Inc. Class B 1,848 108,403
Phillips-Van Heusen Corp. 464 24,351
Polo Ralph Lauren Corp. 363 28,223
VF Corp. 1,080 87,210
----------
Total Apparel 288,077
--------------------------------------------------------------------------
Auto Manufacturers - 0.4%
General Motors Corp. 6,920 253,964
Oshkosh Truck Corp. 396 24,540
Paccar, Inc. 1,024 87,296
----------
Total Auto Manufacturers 365,800
--------------------------------------------------------------------------
Auto Parts & Equipment - 0.2%
BorgWarner, Inc. 502 45,948
Johnson Controls, Inc. 1,205 142,323
----------
Total Auto Parts & Equipment 188,271
--------------------------------------------------------------------------
Banks - 11.3%
Alabama National BanCorp. 397 30,934
Associated Banc-Corp 1,419 42,045
BancorpSouth, Inc. 825 20,048
Bank of America Corp. 67,375 3,386,941
Bank of Hawaii Corp. 462 24,417
Bank of New York Mellon Corp. (The) 9,201 406,132
BB&T Corp. 7,382 298,159
BOK Financial Corp. 853 43,853
Boston Private Financial Holdings, Inc. 693 19,293
Capital One Financial Corp. 387 25,708
Capitol Bancorp Ltd. 311 7,722
Cathay General Bancorp 561 18,070
Central Pacific Financial Corp. 1,056 30,835
Chittenden Corp. 1,310 46,060
City National Corp. 330 22,938
Colonial BancGroup, Inc. (The) 1,386 29,965
Comerica, Inc. 2,214 113,534
Commerce Bancshares, Inc. 454 20,834
Cullen/Frost Bankers, Inc. 862 43,203
East West Bancorp, Inc. 528 18,987
Fifth Third Bancorp 8,005 271,209
First Citizens BancShares, Inc. Class A 99 17,266
First Commonwealth Financial Corp.(a) 829 9,169
First Community Bancorp 513 28,066
First Horizon National Corp. 1,785 47,588
First Midwest Bancorp, Inc. 561 19,164
FirstMerit Corp. 1,188 23,475
FNB Corp./PA 1,874 30,996
FNB United Corp. 1,635 26,127
Fremont General Corp.(a) 4,685 18,272
Frontier Financial Corp. 891 20,787
Fulton Financial Corp. 1,950 28,041
GB&T Bancshares, Inc. 1,104 14,628
Glacier Bancorp, Inc. 1,355 30,515
Heartland Financial USA, Inc. 1,037 21,310
International Bancshares Corp. 1,480 32,116
Irwin Financial Corp. 4,209 46,383
KeyCorp 5,396 174,453
M&T Bank Corp. 734 75,932
Marshall & Ilsley Corp. 2,103 92,048
MB Financial, Inc. 747 25,809
Mercantile Bank Corp. 827 17,747
National City Corp. 1,714 43,004
Northern Trust Corp. 1,254 83,103
Old National Bancorp 3,098 51,334
Park National Corp. 198 17,266
People's United Financial, Inc. 2,633 45,498
PNC Financial Services Group, Inc. (The) 3,628 247,067
Prosperity Bancshares, Inc. 627 20,791
Provident Bankshares Corp. 561 17,576
Regions Financial Corp. 7,792 229,708
South Financial Group, Inc. (The) 2,193 49,869
State Street Corp. 1,386 94,470
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 11
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
Sterling Financial Corp./WA 693 $ 18,649
SunTrust Banks, Inc. 3,700 279,979
Susquehanna Bancshares, Inc. 891 17,909
Synovus Financial Corp. 2,973 83,393
TCF Financial Corp. 1,572 41,155
Trustmark Corp. 660 18,506
U.S. Bancorp 24,905 810,160
UCBH Holdings, Inc. 1,155 20,189
UMB Financial Corp. 627 26,873
Umpqua Holdings Corp. 1,240 24,812
UnionBanCal Corp. 1,613 94,215
United Bankshares, Inc. 720 21,917
Valley National Bancorp 1,386 30,741
Wachovia Corp. 30,017 1,505,354
Webster Financial Corp. 878 36,981
Wells Fargo & Co. 38,738 1,379,849
WesBanco, Inc. 517 12,915
Westamerica Bancorp. 429 21,368
Whitney Holding Corp. 1,930 50,913
Wilmington Trust Corp. 627 24,390
Wintrust Financial Corp. 396 16,905
Zions Bancorp 767 52,670
----------
Total Banks 11,210,308
-----------------------------------------------------------------------------
Beverages - 2.7%
Anheuser-Busch Cos., Inc. 7,732 386,523
Brown-Forman Corp. Class A 264 20,592
Coca-Cola Co. (The) 22,409 1,287,845
Coca-Cola Enterprises, Inc. 1,851 44,831
Molson Coors Brewing Co. Class B 396 39,469
Pepsi Bottling Group, Inc. 1,122 41,705
PepsiAmericas, Inc. 1,511 49,017
PepsiCo, Inc. 11,479 840,952
----------
Total Beverages 2,710,934
-----------------------------------------------------------------------------
Building Materials - 0.2%
American Standard Cos., Inc. 1,122 39,966
Eagle Materials, Inc. 495 17,691
Florida Rock Industries, Inc. 429 26,808
Lennox International, Inc. 684 23,119
Martin Marietta Materials, Inc. 231 30,850
Masco Corp. 4,279 99,145
----------
Total Building Materials 237,579
-----------------------------------------------------------------------------
Chemicals - 2.5%
Air Products & Chemicals, Inc. 1,488 145,467
Airgas, Inc. 521 26,899
Albemarle Corp. 924 40,841
Ashland, Inc. 368 22,157
Cabot Corp. 627 22,277
Celanese Corp. Series A 1,089 42,449
Chemtura Corp. 2,280 20,269
Cytec Industries, Inc. 363 24,826
Dow Chemical Co. (The) 12,930 556,766
E.I. du Pont de Nemours & Co. 10,473 519,042
Eastman Chemical Co. 924 61,659
Ecolab, Inc. 891 42,055
FMC Corp. 608 31,628
International Flavors & Fragrances, Inc. 627 33,143
Lubrizol Corp. 528 34,352
Lyondell Chemical Co. 3,722 172,515
Monsanto Co. 1,800 154,332
PPG Industries, Inc. 1,620 122,391
Praxair, Inc. 1,950 163,332
Rohm & Haas Co. 1,941 108,055
RPM International, Inc. 1,386 33,195
Sherwin-Williams Co. (The) 631 41,463
Sigma-Aldrich Corp. 602 29,341
Valhi, Inc. 770 18,288
Valspar Corp. (The) 759 20,652
----------
Total Chemicals 2,487,394
-----------------------------------------------------------------------------
Coal - 0.1%
Arch Coal, Inc. 495 16,701
Consol Energy, Inc. 447 20,830
Foundation Coal Holdings, Inc. 356 13,955
Massey Energy Co. 579 12,634
Peabody Energy Corp. 735 35,185
----------
Total Coal 99,305
-----------------------------------------------------------------------------
Commercial Services - 0.5%
Advance America, Cash Advance Centers, Inc. 1,386 14,789
Deluxe Corp. 1,489 54,855
DeVry, Inc. 843 31,199
Equifax, Inc. 594 22,643
H&R Block, Inc. 2,511 53,183
Manpower, Inc. 561 36,100
McKesson Corp. 462 27,161
Moody's Corp. 369 18,598
Pharmaceutical Product Development, Inc. 399 14,141
R.R. Donnelley & Sons Co. 3,153 115,273
Robert Half International, Inc. 1,080 32,249
Service Corp. International 2,577 33,243
Sotheby's Class A 616 29,439
Weight Watchers International, Inc. 495 28,492
----------
Total Commercial Services 511,365
-----------------------------------------------------------------------------
Computers - 1.4%
Diebold, Inc. 747 33,929
Electronic Data Systems Corp. 1,254 27,387
Factset Research Systems, Inc. 354 24,267
Hewlett-Packard Co. 7,742 385,474
International Business Machines Corp. 7,430 875,254
----------
Total Computers 1,346,311
-----------------------------------------------------------------------------
See Notes to Financial Statements.
12 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
Cosmetics/Personal Care - 2.0%
Avon Products, Inc. 3,348 $ 125,650
Colgate-Palmolive Co. 3,811 271,801
Estee Lauder Cos., Inc. (The) Class A 473 20,084
Procter & Gamble Co. 22,385 1,574,560
---------
Total Cosmetics/Personal Care 1,992,095
------------------------------------------------------------------------
Distribution/Wholesale - 0.2%
CDW Corp. 730 63,656
Fastenal Co. 528 23,976
Genuine Parts Co. 1,567 78,350
W.W. Grainger, Inc. 363 33,102
---------
Total Distribution/Wholesale 199,084
------------------------------------------------------------------------
Diversified Financial Services - 7.9%
Advanta Corp. Class A 669 16,304
Advanta Corp. Class B 842 23,088
American Express Co. 4,279 254,044
Ameriprise Financial, Inc. 792 49,983
BlackRock, Inc. 519 90,000
Charles Schwab Corp. (The) 4,744 102,470
Citigroup, Inc. 69,962 3,265,127
CME Group, Inc. 66 38,765
Cohen & Steers, Inc. 227 8,406
Countrywide Financial Corp. 597 11,349
Delta Financial Corp.(a) 722 3,545
Discover Financial Services 2,669 55,515
Eaton Vance Corp. 792 31,648
Federal National Mortgage Association 3,364 204,565
Federated Investors, Inc. Class B 768 30,490
First Marblehead Corp. (The) 375 14,224
Franklin Resources, Inc. 429 54,698
Freddie Mac 10,058 593,523
GAMCO Investors, Inc. Class A 456 24,989
Goldman Sachs Group, Inc. 1,041 225,626
Greenhill & Co., Inc. 249 15,201
IndyMac Bancorp, Inc.(a) 1,479 34,919
International Securities Exchange, Inc. 504 33,501
Janus Capital Group, Inc. 1,452 41,063
Jefferies Group, Inc. 759 21,123
JPMorgan Chase & Co. 36,656 1,679,578
Legg Mason, Inc. 432 36,413
Lehman Brothers Holdings, Inc. 1,155 71,298
Merrill Lynch & Co., Inc. 3,558 253,614
Morgan Stanley 5,338 336,294
National Financial Partners Corp. 390 20,662
Nuveen Investments, Inc. Class A 495 30,660
optionsXpress Holdings, Inc. 613 16,024
Raymond James Financial, Inc. 726 23,849
Student Loan Corp.(The) 132 23,802
T. Rowe Price Group, Inc. 1,254 69,835
Waddell & Reed Financial, Inc. Class A 957 25,868
---------
Total Diversified Financial Services 7,832,063
------------------------------------------------------------------------
Electric - 5.7%
Alliant Energy Corp. 1,386 53,112
Ameren Corp. 1,278 67,095
American Electric Power Co., Inc. 5,705 262,886
Avista Corp. 924 18,803
Black Hills Corp. 594 24,366
CenterPoint Energy, Inc. 5,174 82,939
Central Vermont Public Service Corp. 48 1,754
Consolidated Edison, Inc. 4,316 199,831
Constellation Energy Group, Inc. 1,620 138,980
Dominion Resources, Inc. 4,270 359,961
DPL, Inc. 1,554 40,808
DTE Energy Co. 3,041 147,306
Duke Energy Corp. 19,464 363,782
Edison International 2,841 157,533
Energy East Corp. 3,844 103,980
Entergy Corp. 1,657 179,437
Exelon Corp. 6,383 481,023
FirstEnergy Corp. 3,325 210,606
FPL Group, Inc. 4,013 244,311
Great Plains Energy, Inc. 2,064 59,464
Hawaiian Electric Industries, Inc. 1,734 37,645
IDACORP, Inc. 1,030 33,722
Integrys Energy Group, Inc. 1,220 62,501
ITC Holdings Corp. 593 29,383
MDU Resources Group, Inc. 1,348 37,528
Northeast Utilities 1,818 51,940
NorthWestern Corp. 563 15,297
NSTAR 1,488 51,797
OGE Energy Corp. 1,353 44,784
Ormat Technologies, Inc. 594 27,526
Pepco Holdings, Inc. 2,790 75,553
PG&E Corp. 3,887 185,799
Pinnacle West Capital Corp. 2,072 81,865
PNM Resources, Inc. 794 18,484
Portland General Electric Co. 653 18,153
PPL Corp. 4,018 186,033
Progress Energy, Inc. 5,574 261,142
Public Service Enterprise Group, Inc. 2,973 261,594
Puget Energy, Inc. 2,676 65,482
SCANA Corp. 2,163 83,795
Southern Co. 11,226 407,279
TECO Energy, Inc. 3,239 53,217
TXU Corp. 2,428 166,245
Westar Energy, Inc. 1,353 33,230
Wisconsin Energy Corp. 891 40,122
Xcel Energy, Inc. 6,377 137,361
---------
Total Electric 5,665,454
------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 13
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
Electrical Components & Equipment - 0.4%
Ametek, Inc. 663 $ 28,655
Emerson Electric Co. 6,873 365,781
Hubbell, Inc. Class B 429 24,504
---------
Total Electrical Components & Equipment 418,940
-------------------------------------------------------------------------
Electronics - 0.2%
Amphenol Corp. Class A 792 31,490
Applera Corp. 381 13,198
AVX Corp. 2,146 34,551
Gentex Corp. 1,948 41,765
Jabil Circuit, Inc. 1,942 44,354
Tektronix, Inc. 1,328 36,839
---------
Total Electronics 202,197
-------------------------------------------------------------------------
Engineering & Construction - 0.1%
Fluor Corp. 270 38,875
Granite Construction, Inc. 370 19,617
---------
Total Engineering & Construction 58,492
-------------------------------------------------------------------------
Entertainment - 0.1%
International Game Technology 1,554 66,978
International Speedway Corp. Class A 429 19,674
Regal Entertainment Group Class A 1,353 29,698
---------
Total Entertainment 116,350
-------------------------------------------------------------------------
Environmental Control - 0.1%
Republic Services, Inc. 1,701 55,640
Waste Management, Inc. 902 34,041
---------
Total Environmental Control 89,681
-------------------------------------------------------------------------
Food - 1.9%
Campbell Soup Co. 3,006 111,222
ConAgra Foods, Inc. 5,013 130,990
Corn Products International, Inc. 825 37,843
Del Monte Foods Co. 1,785 18,743
Flowers Foods, Inc. 1,041 22,694
General Mills, Inc. 3,173 184,066
H.J. Heinz Co. Ltd. 3,772 174,266
Hormel Foods Corp. 946 33,848
J.M. Smucker Co. (The) 612 32,693
Kellogg Co. 3,510 196,560
Kraft Foods, Inc. Class A 5,590 192,911
Kroger Co. (The) 3,716 105,980
McCormick & Co., Inc. 891 32,049
Pilgrim's Pride Corp. 792 27,506
Safeway, Inc. 1,840 60,922
Sara Lee Corp. 6,280 104,813
Seaboard Corp. 10 19,600
SUPERVALU, Inc. 1,869 72,910
SYSCO Corp. 5,494 195,531
Tootsie Roll Industries, Inc. 743 19,712
Tyson Foods, Inc. Class A 1,327 23,687
Wm. Wrigley Jr. Co. 1,554 99,813
---------
Total Food 1,898,359
-------------------------------------------------------------------------
Forest Products & Paper - 0.7%
International Paper Co. 4,712 169,019
Louisiana-Pacific Corp. 924 15,680
MeadWestvaco Corp. 2,016 59,532
Plum Creek Timber Co., Inc. 2,643 118,301
Schweitzer-Mauduit International, Inc. 475 11,068
Temple-Inland, Inc. 825 43,420
Weyerhaeuser Co. 3,122 225,721
---------
Total Forest Products & Paper 642,741
-------------------------------------------------------------------------
Gas - 0.6%
AGL Resources, Inc. 1,056 41,839
Atmos Energy Corp. 1,254 35,513
Energen Corp. 522 29,817
New Jersey Resources Corp. 796 39,474
Nicor, Inc. 693 29,730
NiSource, Inc. 4,118 78,819
Northwest Natural Gas Co. 352 16,086
Piedmont Natural Gas Co., Inc. 990 24,839
Sempra Energy 2,247 130,595
South Jersey Industries, Inc. 701 24,395
Southern Union Co. 828 25,759
Southwest Gas Corp. 628 17,766
UGI Corp. 1,089 28,292
Vectren Corp. 2,011 54,880
WGL Holdings, Inc. 1,800 61,002
---------
Total Gas 638,806
-------------------------------------------------------------------------
Hand/Machine Tools - 0.2%
Black & Decker Corp. (The) 429 35,736
Kennametal, Inc. 363 30,485
Lincoln Electric Holdings, Inc. 363 28,172
Snap-On, Inc. 528 26,157
Stanley Works (The) 627 35,194
---------
Total Hand/Machine Tools 155,744
-------------------------------------------------------------------------
Healthcare-Products - 2.1%
Baxter International, Inc. 3,054 171,879
Beckman Coulter, Inc. 394 29,061
Becton Dickinson & Co. 1,122 92,060
C.R. Bard, Inc. 297 26,192
DENTSPLY International, Inc. 660 27,482
Hillenbrand Industries, Inc. 430 23,659
Johnson & Johnson 23,525 1,545,594
Medtronic, Inc. 3,380 190,666
Stryker Corp. 462 31,767
---------
Total Healthcare-Products 2,138,360
-------------------------------------------------------------------------
See Notes to Financial Statements.
14 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Healthcare-Services - 0.2%
Aetna, Inc. 495 $ 26,864
Brookdale Senior Living, Inc. 1,316 52,390
Health Management Associates, Inc. Class A* 5,108 35,450
Manor Care, Inc. 429 27,628
Quest Diagnostics, Inc. 524 30,271
UnitedHealth Group, Inc. 466 22,568
---------
Total Healthcare-Services 195,171
------------------------------------------------------------------------------
Holding Companies-Diversified - 0.1%
Leucadia National Corp. 1,120 54,006
------------------------------------------------------------------------------
Home Builders - 0.1%
D.R. Horton, Inc. 1,280 16,397
MDC Holdings, Inc. 396 16,212
Orleans Homebuilders, Inc.(a) 1,290 7,547
Ryland Group, Inc. (The) 495 10,608
Thor Industries, Inc. 688 30,953
TOUSA, Inc.(a) 1,379 2,220
---------
Total Home Builders 83,937
------------------------------------------------------------------------------
Home Furnishings - 0.1%
Furniture Brands International, Inc. 1,385 14,044
Harman International Industries, Inc. 233 20,159
Whirlpool Corp. 462 41,164
---------
Total Home Furnishings 75,367
------------------------------------------------------------------------------
Household Products/Wares - 0.6%
Avery Dennison Corp. 1,469 83,762
Church & Dwight Co., Inc. 561 26,389
Clorox Co. (The) 957 58,367
Fortune Brands, Inc. 1,031 84,017
Kimberly-Clark Corp. 4,877 342,659
Scotts Miracle-Gro Co. (The) Class A 428 18,297
Tupperware Brands Corp. 884 27,837
---------
Total Household Products/Wares 641,328
------------------------------------------------------------------------------
Housewares - 0.1%
Newell Rubbermaid, Inc. 3,041 87,642
Toro Co. (The) 429 25,238
---------
Total Housewares 112,880
------------------------------------------------------------------------------
Insurance - 3.5%
Alfa Corp. 1,287 23,398
Allstate Corp. (The) 4,904 280,459
AMBAC Financial Group, Inc. 420 26,422
American Family Life Assurance Co., Inc. 2,965 169,124
American Financial Group, Inc. 783 22,331
American International Group, Inc. 7,039 476,187
American National Insurance Co. 231 30,388
AON Corp. 1,825 81,778
Arthur J. Gallagher & Co. 1,353 39,196
Assurant, Inc. 362 19,367
Chubb Corp. (The) 2,874 154,161
Cigna Corp. 454 24,194
Commerce Group, Inc. 726 21,395
Delphi Financial Group, Inc. Class A 438 17,704
Erie Indemnity Co. Class A 528 32,277
FBL Financial Group, Inc. Class A 687 27,130
Fidelity National Title Group, Inc. Class A 4,085 71,406
First American Corp. 616 22,558
Genworth Financial, Inc. Class A 1,707 52,456
Hanover Insurance Group, Inc. (The) 387 17,102
Harleysville Group, Inc. 886 28,334
Hartford Financial Services Group, Inc. (The) 2,272 210,274
HCC Insurance Holdings, Inc. 715 20,478
Hilb Rogal & Hobbs Co. 528 22,878
LandAmerica Financial Group, Inc. 330 12,863
Lincoln National Corp. 2,378 156,877
Loews Corp. 1,089 52,653
Marsh & McLennan Cos., Inc. 4,217 107,534
MBIA, Inc. 891 54,396
Mercury General Corp. 627 33,814
Metlife, Inc. 2,626 183,111
Nationwide Financial Services, Inc. Class A 391 21,044
Odyssey Re Holdings Corp. 660 24,493
Old Republic International Corp. 1,950 36,543
Phoenix Cos., Inc. (The) 1,488 20,996
Principal Financial Group, Inc. 1,141 71,986
Progressive Corp. (The) 1,020 19,798
Protective Life Corp. 462 19,607
Prudential Financial, Inc. 1,740 169,789
Reinsurance Group of America, Inc. 387 21,939
RLI Corp. 429 24,333
Safeco Corp. 792 48,486
Selective Insurance Group, Inc. 726 15,449
StanCorp Financial Group, Inc. 429 21,240
State Auto Financial Corp. 594 17,375
Torchmark Corp. 399 24,866
Transatlantic Holdings, Inc. 425 29,890
Travelers Cos., Inc. (The) 5,042 253,814
Unitrin, Inc. 858 42,548
UnumProvident Corp. 1,419 34,723
W.R. Berkley Corp. 821 24,326
Wesco Financial Corp. 66 26,268
Zenith National Insurance Corp. 528 23,702
---------
Total Insurance 3,485,460
------------------------------------------------------------------------------
Internet - 0.0%
United Online, Inc. 899 13,494
------------------------------------------------------------------------------
Investment Companies - 0.3%
Allied Capital Corp.(a) 1,368 40,206
American Capital Strategies Ltd.(a) 3,854 164,681
Apollo Investment Corp. 2,643 54,974
Ares Capital Corp. 1,391 22,632
Capital Southwest Corp. 136 16,695
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 15
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
MCG Capital Corp. 2,115 $ 30,435
---------
Total Investment Companies 329,623
-----------------------------------------------------------------------------
Iron/Steel - 0.2%
Allegheny Technologies, Inc. 100 10,995
Carpenter Technology Corp. 160 20,802
Nucor Corp. 586 34,849
Reliance Steel & Aluminum Co. 484 27,365
Steel Dynamics, Inc. 620 28,954
United States Steel Corp. 481 50,958
---------
Total Iron/Steel 173,923
-----------------------------------------------------------------------------
Leisure Time - 0.1%
Brunswick Corp. 622 14,219
Harley-Davidson, Inc. 1,478 68,298
Polaris Industries, Inc. 467 20,371
---------
Total Leisure Time 102,888
-----------------------------------------------------------------------------
Lodging - 0.3%
Boyd Gaming Corp. 603 25,839
Harrah's Entertainment, Inc. 1,370 119,094
Hilton Hotels Corp. 792 36,820
Marriott International, Inc. Class A 792 34,428
Starwood Hotels & Resorts Worldwide, Inc. 1,048 63,666
Station Casinos, Inc. 426 37,266
---------
Total Lodging 317,113
-----------------------------------------------------------------------------
Machinery-Construction & Mining - 0.4%
Caterpillar, Inc. 4,542 356,229
Joy Global, Inc. 362 18,411
---------
Total Machinery-Construction & Mining 374,640
-----------------------------------------------------------------------------
Machinery-Diversified - 0.4%
Cummins, Inc. 396 50,644
Deere & Co. 1,521 225,747
Graco, Inc. 462 18,069
IDEX Corp. 693 25,218
Manitowoc Co., Inc. (The) 858 37,992
Rockwell Automation, Inc. 1,080 75,071
---------
Total Machinery-Diversified 432,741
-----------------------------------------------------------------------------
Media - 1.5%
Belo Corp. Class A 1,221 21,197
CBS Corp. Class A 792 24,956
CBS Corp. Class B 6,802 214,263
Clear Channel Communications, Inc. 3,754 140,550
Dow Jones & Co., Inc. 627 37,432
E.W. Scripps Co. (The) Class A 693 29,106
Gannett Co., Inc. 1,714 74,902
Hearst-Argyle Television, Inc. 912 23,676
John Wiley & Sons, Inc. Class A 594 26,688
McGraw-Hill Cos., Inc. (The) 1,521 77,434
Meredith Corp. 429 24,582
New York Times Co. (The) Class A 1,221 24,127
News Corp. Class A 5,231 115,030
News Corp. Class B 1,950 45,611
Time Warner, Inc. 15,290 280,723
Tribune Co.* 1,949 53,247
Walt Disney Co. (The) 6,736 231,650
Washington Post Co. (The) Class B 31 24,887
---------
Total Media 1,470,061
-----------------------------------------------------------------------------
Metal Fabricate/Hardware - 0.1%
Commercial Metals Co. 753 23,832
Precision Castparts Corp. 223 33,000
Timken Co. (The) 726 26,971
Worthington Industries, Inc. 1,150 27,094
---------
Total Metal Fabricate/Hardware 110,897
-----------------------------------------------------------------------------
Mining - 2.0%
Alcoa, Inc. 5,705 223,180
Freeport-McMoRan Copper & Gold, Inc. Class B 1,287 134,993
Newmont Mining Corp. 1,161 51,932
Southern Copper Corp.(a) 12,761 1,580,194
Vulcan Materials Co. 561 50,013
---------
Total Mining 2,040,312
-----------------------------------------------------------------------------
Miscellaneous Manufacturing - 6.4%
3M Co. 8,170 764,549
Acuity Brands, Inc. 371 18,728
Brink's Co. (The) 396 22,128
Carlisle Cos., Inc. 528 25,661
Crane Co. 528 25,328
Danaher Corp. 323 26,715
Donaldson Co., Inc. 660 27,562
Dover Corp. 924 47,078
Eastman Kodak Co. 1,653 44,234
Eaton Corp. 1,077 106,666
General Electric Co. 104,112 4,310,236
Harsco Corp. 528 31,295
Honeywell International, Inc. 6,111 363,421
Illinois Tool Works, Inc. 3,592 214,227
ITT Industries, Inc. 462 31,384
Lancaster Colony Corp. 537 20,497
Leggett & Platt, Inc. 1,679 32,170
Pall Corp. 726 28,241
Parker Hannifin Corp. 462 51,665
Pentair, Inc. 627 20,804
Roper Industries, Inc. 462 30,261
SPX Corp. 396 36,654
Teleflex, Inc. 363 28,285
Textron, Inc. 1,386 86,223
Trinity Industries, Inc. 594 22,299
---------
Total Miscellaneous Manufacturing 6,416,311
-----------------------------------------------------------------------------
Office Furnishings - 0.1%
Herman Miller, Inc. 908 24,643
See Notes to Financial Statements.
16 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
HNI Corp. 719 $ 25,884
Steelcase, Inc. Class A 2,116 38,046
---------
Total Office Furnishings 88,573
----------------------------------------------------------------------
Office/Business Equipment - 0.1%
Pitney Bowes, Inc. 2,247 102,059
----------------------------------------------------------------------
Oil & Gas - 7.9%
Alon USA Energy, Inc. 719 24,288
Apache Corp. 1,014 91,321
Berry Petroleum Co. Class A 704 27,871
Cabot Oil & Gas Corp. 548 19,268
Chesapeake Energy Corp. 792 27,926
Chevron Corp. 22,639 2,118,558
Cimarex Energy Co. 682 25,405
ConocoPhillips 12,697 1,114,416
Crosstex Energy, Inc. 729 27,636
Devon Energy Corp. 1,056 87,859
Diamond Offshore Drilling, Inc. 252 28,549
ENSCO International, Inc. 462 25,918
EOG Resources, Inc. 528 38,190
Exxon Mobil Corp. 33,803 3,128,807
Helmerich & Payne, Inc. 786 25,804
Hess Corp. 759 50,496
Holly Corp. 209 12,504
Marathon Oil Corp. 4,233 241,366
Murphy Oil Corp. 561 39,208
Noble Energy, Inc. 495 34,670
Occidental Petroleum Corp. 5,142 329,499
Patterson-UTI Energy, Inc. 759 17,131
Penn Virginia Corp. 384 16,888
Pioneer Natural Resources Co. 441 19,836
Pogo Producing Co. 495 26,289
Range Resources Corp. 644 26,185
St. Mary Land & Exploration Co. 297 10,594
Sunoco, Inc. 561 39,708
Tesoro Corp. 326 15,003
Valero Energy Corp. 1,179 79,205
W&T Offshore, Inc. 340 8,289
Western Refining, Inc. 253 10,267
XTO Energy, Inc. 858 53,059
---------
Total Oil & Gas 7,842,013
----------------------------------------------------------------------
Oil & Gas Services - 0.2%
Baker Hughes, Inc. 858 77,537
CARBO Ceramics, Inc. 327 16,589
RPC, Inc. 650 9,237
Smith International, Inc. 593 42,340
Tidewater, Inc. 449 28,215
---------
Total Oil & Gas Services 173,918
----------------------------------------------------------------------
Packaging & Containers - 0.2%
Ball Corp. 561 30,154
Bemis Co. 825 24,016
Greif, Inc. Class A 334 20,267
Packaging Corp. of America 1,521 44,215
Sealed Air Corp. 792 20,244
Sonoco Products Co. 891 26,890
---------
Total Packaging & Containers 165,786
----------------------------------------------------------------------
Pharmaceuticals - 6.9%
Abbott Laboratories 14,015 751,484
Allergan, Inc. 396 25,530
AmerisourceBergen Corp. 495 22,438
Bristol-Myers Squibb Co. 32,431 934,661
Cardinal Health, Inc. 783 48,961
Eli Lilly & Co. 11,944 679,972
Merck & Co., Inc. 28,904 1,494,049
Omnicare, Inc. 462 15,306
Pfizer, Inc. 94,359 2,305,191
Schering-Plough Corp. 5,057 159,953
Wyeth 10,212 454,945
---------
Total Pharmaceuticals 6,892,490
----------------------------------------------------------------------
Pipelines - 0.3%
El Paso Corp. 1,997 33,889
Equitable Resources, Inc. 891 46,216
National Fuel Gas Co. 990 46,342
ONEOK, Inc. 1,320 62,568
Questar Corp. 726 38,137
Williams Cos., Inc. (The) 1,760 59,946
---------
Total Pipelines 287,098
----------------------------------------------------------------------
Real Estate - 0.1%
Forest City Enterprises, Inc. Class A 462 25,484
Forest City Enterprises, Inc. Class B 462 25,419
Jones Lang LaSalle, Inc. 264 27,129
---------
Total Real Estate 78,032
----------------------------------------------------------------------
REITS - 4.1%
Alexandria Real Estate Equities, Inc. 231 22,236
AMB Property Corp. 957 57,238
American Land Lease, Inc. 302 6,786
Archstone-Smith Trust 2,511 151,011
AvalonBay Communities, Inc. 693 81,816
BioMed Realty Trust, Inc. 726 17,497
Boston Properties, Inc. 1,089 113,147
BRE Properties, Inc. Class A 627 35,068
BRT Realty Trust 3,436 59,580
Camden Property Trust 627 40,285
Cedar Shopping Centers, Inc. 4,028 54,861
Corporate Office Properties Trust 495 20,607
Cousins Properties, Inc. 726 21,315
Developers Diversified Realty Corp. 1,554 86,822
DiamondRock Hospitality Co. 1,353 23,556
Digital Realty Trust, Inc. 633 24,934
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 17
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
Duke Realty Corp. 2,214 $ 74,855
EastGroup Properties, Inc. 462 20,910
Education Realty Trust, Inc. 3,009 40,622
Entertainment Properties Trust 785 39,878
Equity Lifestyle Properties, Inc. 462 23,932
Equity One, Inc. 1,221 33,211
Equity Residential 3,656 154,867
Essex Property Trust, Inc. 231 27,159
Extra Space Storage, Inc. 1,965 30,241
Federal Realty Investment Trust 528 46,781
FelCor Lodging Trust, Inc. 990 19,731
Feldman Mall Properties, Inc. 4,848 36,651
First Industrial Realty Trust, Inc. 957 37,199
First Potomac Realty Trust 507 11,053
Franklin Street Properties Corp.(a) 2,648 45,678
General Growth Properties, Inc. 2,643 141,718
Gladstone Commercial Corp. 497 9,294
Glimcher Realty Trust 825 19,388
HCP, Inc. 3,233 107,239
Health Care REIT, Inc. 1,519 67,201
Highwoods Properties, Inc. 891 32,673
Home Properties, Inc. 528 27,551
Hospitality Properties Trust 1,915 77,845
Host Hotels & Resorts, Inc. 5,787 129,860
HRPT Properties Trust 8,551 84,569
Investors Real Estate Trust 1,473 15,908
Kilroy Realty Corp. 297 18,007
Kimco Realty Corp. 2,562 115,828
LaSalle Hotel Properties 495 20,830
Lexington Corporate Properties Trust 2,465 49,325
LTC Properties, Inc. 989 23,410
Macerich Co. (The) 858 75,144
Mack-Cali Realty Corp. 1,056 43,402
Mid-America Apartment Communities, Inc. 363 18,096
Mission West Properties, Inc. 1,891 22,976
National Health Investors, Inc. 451 13,940
National Retail Properties, Inc. 1,763 42,982
Nationwide Health Properties, Inc. 1,587 47,816
Omega Healthcare Investors, Inc. 1,798 27,923
Parkway Properties, Inc. 517 22,820
Pennsylvania Real Estate Investment Trust 1,308 50,934
PMC Commercial Trust 159 2,081
Post Properties, Inc. 936 36,223
Potlatch Corp. 795 35,799
ProLogis 2,445 162,225
PS Business Parks, Inc. 363 20,637
Public Storage, Inc. 1,245 97,919
Ramco-Gershenson Properties Trust 321 10,028
Rayonier, Inc. 1,521 73,069
Realty Income Corp. 1,686 47,124
Regency Centers Corp. 792 60,786
Senior Housing Properties Trust 1,906 42,046
Simon Property Group, Inc. 2,300 229,999
SL Green Realty Corp. 434 50,678
Strategic Hotels & Resorts, Inc. 1,023 21,064
Sunstone Hotel Investors, Inc. 792 20,307
Tanger Factory Outlet Centers, Inc. 798 32,391
Taubman Centers, Inc. 528 28,908
UDR, Inc. 1,950 47,424
Universal Health Realty Income Trust 209 7,426
Urstadt Biddle Properties, Inc. Class A 535 8,276
Ventas, Inc. 1,620 67,068
Vornado Realty Trust 1,381 151,011
Washington Real Estate Investment Trust 627 20,804
Weingarten Realty Investors 1,353 56,095
---------
Total REITS 4,095,594
--------------------------------------------------------------------------
Retail - 3.8%
Abercrombie & Fitch Co. Class A 363 29,294
Advance Auto Parts, Inc. 561 18,827
American Eagle Outfitters, Inc. 835 21,969
Applebees International, Inc. 910 22,641
Barnes & Noble, Inc. 561 19,781
Best Buy Co., Inc. 1,207 55,546
Brinker International, Inc. 848 23,269
Costco Wholesale Corp. 2,163 132,743
CVS Corp. 3,891 154,200
Darden Restaurants, Inc. 594 24,865
Family Dollar Stores, Inc. 858 22,788
Gap, Inc. (The) 4,844 89,323
Home Depot, Inc. (The) 21,913 710,858
J.C. Penney Co., Inc. 802 50,823
Limited Brands, Inc. 3,119 71,394
Longs Drug Stores Corp. 692 34,372
Lowe's Cos., Inc. 3,489 97,762
Macy's, Inc. 2,328 75,241
McDonald's Corp. 10,395 566,216
Men's Wearhouse, Inc. (The) 272 13,741
MSC Industrial Direct Co. Class A 390 19,730
Nordstrom, Inc. 737 34,558
OfficeMax, Inc. 400 13,708
Penske Auto Group, Inc. 883 17,872
PetSmart, Inc. 492 15,695
RadioShack Corp. 1,172 24,214
Ross Stores, Inc. 565 14,487
Staples, Inc. 2,082 44,742
Target Corp. 2,428 154,348
Tiffany & Co. 785 41,095
TJX Cos., Inc. 1,455 42,297
Wal-Mart Stores, Inc. 23,962 1,045,940
Wendy's International, Inc. 396 13,824
See Notes to Financial Statements.
18 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Williams-Sonoma, Inc. 688 $ 22,443
World Fuel Services Corp. 333 13,590
Yum! Brands, Inc. 1,716 58,052
---------
Total Retail 3,812,248
------------------------------------------------------------------------------
Savings & Loans - 1.4%
Capitol Federal Financial 1,521 52,018
Downey Financial Corp.(a) 297 17,167
First Niagara Financial Group, Inc. 4,194 59,345
Flagstar Bancorp, Inc. 2,956 28,762
Hudson City Bancorp, Inc. 4,382 67,395
Kearny Financial Corp. 1,455 18,609
Legacy Bancorp, Inc. 261 3,633
New York Community Bancorp, Inc. 7,709 146,856
NewAlliance Bancshares, Inc. 1,455 21,359
Northwest Bancorp, Inc. 825 23,480
PFF Bancorp, Inc. 1,270 19,482
Provident Financial Services, Inc. 1,995 32,658
United Community Financial Corp. 3,536 25,530
Washington Federal, Inc. 2,063 54,174
Washington Mutual, Inc. 22,216 784,448
---------
Total Savings & Loans 1,354,916
------------------------------------------------------------------------------
Semiconductors - 2.0%
Analog Devices, Inc. 2,926 105,804
Applied Materials, Inc. 6,046 125,152
Intel Corp. 50,264 1,299,827
Intersil Corp. Class A 1,479 49,443
KLA -Tencor Corp. 844 47,078
Microchip Technology, Inc. 2,629 95,485
National Semiconductor Corp. 1,681 45,589
Texas Instruments, Inc. 3,215 117,637
Xilinx, Inc. 2,170 56,724
---------
Total Semiconductors 1,942,739
------------------------------------------------------------------------------
Software - 2.0%
Automatic Data Processing, Inc. 3,629 166,680
CA, Inc. 948 24,383
Fair Isaac Corp. 393 14,191
Fidelity National Information Services, Inc. 519 23,028
Global Payments, Inc. 462 20,430
IMS Health, Inc. 759 23,256
Mastercard, Inc. Class A 170 25,155
Microsoft Corp. 51,698 1,523,023
MoneyGram International, Inc. 594 13,418
Paychex, Inc. 2,825 115,825
SEI Investments Co. 716 19,532
Total System Services, Inc. 1,122 31,169
---------
Total Software 2,000,090
------------------------------------------------------------------------------
Telecommunications - 6.5%
ALLTEL Corp. 1,160 80,829
AT&T, Inc. 74,346 3,145,578
CenturyTel, Inc. 528 24,404
Citizens Communications Co. 8,712 124,756
Consolidated Communications Holdings, Inc. 1,237 24,258
Embarq Corp. 2,085 115,926
FairPoint Communications, Inc. 1,360 25,650
Harris Corp. 925 53,456
Iowa Telecommunications Services, Inc. 1,155 22,927
QUALCOMM, Inc. 8,441 356,717
Sprint Nextel Corp. 5,985 113,715
Telephone & Data Systems, Inc. 528 35,244
Telephone & Data Systems, Inc. Special Shares 528 32,736
Verizon Communications, Inc. 48,531 2,148,953
Virgin Media, Inc. 868 21,066
Windstream Corp. 12,029 169,849
---------
Total Telecommunications 6,496,064
------------------------------------------------------------------------------
Textiles - 0.0%
Cintas Corp. 1,094 40,587
------------------------------------------------------------------------------
Toys/Games/Hobbies - 0.1%
Hasbro, Inc. 1,320 36,802
Mattel, Inc. 4,004 93,933
---------
Total Toys/Games/Hobbies 130,735
------------------------------------------------------------------------------
Transportation - 1.0%
Alexander & Baldwin, Inc. 402 20,152
Burlington Northern Santa Fe Corp. 1,671 135,635
C.H. Robinson Worldwide, Inc. 738 40,066
Con-way, Inc. 363 16,698
CSX Corp. 1,671 71,402
Expeditors International Washington, Inc. 526 24,880
FedEx Corp. 297 31,111
JB Hunt Transport Services, Inc. 724 19,041
Landstar System, Inc. 203 8,520
Norfolk Southern Corp. 2,037 105,741
Overseas Shipholding Group, Inc. 390 29,964
Ryder System, Inc. 363 17,787
Union Pacific Corp. 1,237 139,855
United Parcel Service, Inc. Class B 4,688 352,068
---------
Total Transportation 1,012,920
------------------------------------------------------------------------------
Trucking & Leasing - 0.0%
GATX Corp. 427 18,254
------------------------------------------------------------------------------
Water - 0.0%
Aqua America, Inc. 1,034 23,451
------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 19
Schedule of Investments (unaudited) (concluded)
WisdomTree Total Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $92,153,903) $99,083,910
=============================================================================
SHORT-TERM INVESTMENT - 0.9%
MONEY MARKET FUND - 0.9%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $852,197) 852,197 852,197
=============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.7%
MONEY MARKET FUNDS(c) - 1.7%
UBS Enhanced Yield Portfolio, 5.38% 1,001,886 1,001,886
UBS Private Money Market Fund LLC, 5.21% 720,564 720,564
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $1,722,450)(d) 1,722,450
=============================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.1%
(Cost: $94,728,550)(e) 101,658,557
Liabilities in Excess of Other Assets - (2.1)% (2,075,709)
-----------
NET ASSETS - 100.0% $99,582,848
=============================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,675,276 and the total market value of the collateral held by
the Fund was $1,722,450.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
20 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited)
WisdomTree High-Yielding Equity Fund
September 30, 2007
Investments Shares Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Agriculture - 5.1%
Altria Group, Inc. 122,530 $8,519,510
Loews Corp. 4,373 359,592
Reynolds American, Inc.(a) 20,194 1,284,136
Universal Corp. 1,610 78,810
UST, Inc. 9,290 460,784
Vector Group Ltd. 7,724 173,095
----------
Total Agriculture 10,875,927
--------------------------------------------------------------------------------
Apparel - 0.2%
Cherokee, Inc. 988 37,900
VF Corp. 4,552 367,574
----------
Total Apparel 405,474
--------------------------------------------------------------------------------
Auto Manufacturers - 0.4%
General Motors Corp.(a) 24,880 913,096
--------------------------------------------------------------------------------
Auto Parts & Equipment - 0.1%
American Axle & Manufacturing Holdings, Inc. 3,157 79,714
Cooper Tire & Rubber Co. 3,185 77,714
Modine Manufacturing Co. 2,573 68,493
Superior Industries International, Inc. 2,940 63,769
----------
Total Auto Parts & Equipment 289,690
--------------------------------------------------------------------------------
Banks - 18.4%
Associated Banc-Corp 6,275 185,928
BancorpSouth, Inc. 1,178 28,625
Bank of America Corp. 266,468 13,395,345
Bank of Hawaii Corp. 2,284 120,709
BB&T Corp. 29,933 1,208,994
Cadence Financial Corp. 3,621 63,730
Chemical Financial Corp. 2,442 59,219
Chittenden Corp. 1,682 59,139
Citizens Republic Bancorp, Inc. 6,881 110,853
City Holding Co. 657 23,921
Colonial BancGroup, Inc. (The) 5,899 127,536
Comerica, Inc. 9,010 462,033
Community Banks, Inc. 725 21,598
Corus Bankshares, Inc. 7,841 102,090
Fifth Third Bancorp 31,817 1,077,960
First Bancorp 2,528 51,521
First Busey Corp.(a) 2,612 57,229
First Charter Corp. 1,456 43,928
First Commonwealth Financial Corp.(a) 1,767 19,543
First Community Bancshares, Inc. 1,114 40,360
First Financial Bankshares, Inc. 730 29,331
First Merchants Corp. 3,274 70,588
First Midwest Bancorp, Inc. 2,325 79,422
FirstMerit Corp. 5,043 99,650
FNB Corp./PA 4,147 68,591
Fremont General Corp. 12,789 49,877
Fulton Financial Corp. 8,430 121,223
Huntington Bancshares, Inc. 19,801 336,221
Independent Bank Corp./MI 1,567 17,315
KeyCorp 21,774 703,953
Lakeland Bancorp, Inc. 2,234 30,338
MainSource Financial Group, Inc. 2,487 43,846
National City Corp. 39,182 983,076
National Penn Bancshares, Inc. 2,107 34,471
NBT Bancorp, Inc. 2,921 63,503
Old National Bancorp 4,468 74,035
Park National Corp.(a) 222 19,358
PNC Financial Services Group, Inc. (The) 12,807 872,157
Provident Bankshares Corp. 1,671 52,352
Regions Financial Corp. 38,931 1,147,686
Royal Bancshares of Pennsylvania, Inc. Class A 2,499 54,778
S&T Bancorp, Inc. 2,536 81,380
State Bancorp, Inc. 598 9,747
Sterling Bancorp 3,175 44,450
SunTrust Banks, Inc. 15,050 1,138,834
Susquehanna Bancshares, Inc. 2,899 58,270
TCF Financial Corp. 6,642 173,888
TrustCo Bank Corp. 1,424 15,564
Trustmark Corp. 241 6,758
U.S. Bancorp 99,960 3,251,699
UnionBanCal Corp. 7,330 428,145
United Bankshares, Inc. 2,053 62,493
Valley National Bancorp 5,267 116,822
Wachovia Corp. 120,130 6,024,520
Washington Trust Bancorp, Inc. 642 17,315
Wells Fargo & Co. 156,286 5,566,907
WesBanco, Inc.(a) 2,016 50,360
Westamerica Bancorp. 1,283 63,906
Whitney Holding Corp. 2,278 60,094
Wilmington Trust Corp. 2,994 116,467
----------
Total Banks 39,499,651
--------------------------------------------------------------------------------
Beverages - 2.4%
Coca-Cola Co. (The) 89,003 5,115,002
--------------------------------------------------------------------------------
Building Materials - 0.2%
LSI Industries, Inc. 1,583 32,483
Masco Corp. 17,851 413,608
----------
Total Building Materials 446,091
--------------------------------------------------------------------------------
Chemicals - 2.9%
Dow Chemical Co. (The) 51,527 2,218,752
E.I. du Pont de Nemours & Co. 40,930 2,028,491
Eastman Chemical Co. 3,702 247,034
Ferro Corp. 1,679 33,546
Kronos Worldwide, Inc. 2,162 40,819
Lyondell Chemical Co. 13,545 627,811
NL Industries, Inc. 3,000 33,990
Olin Corp. 5,650 126,447
PPG Industries, Inc. 6,927 523,335
Quaker Chemical Corp. 438 10,302
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 21
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
RPM International, Inc. 5,440 $ 130,288
Sensient Technologies Corp. 1,963 56,672
UAP Holding Corp. 2,381 74,668
----------
Total Chemicals 6,152,155
-----------------------------------------------------------------------------
Commercial Services - 0.3%
Advance America, Cash Advance Centers, Inc. 4,148 44,259
Coinmach Service Corp. Class A 2,895 34,711
Deluxe Corp. 2,897 106,725
Diamond Management & Technology Consultants,
Inc. 3,160 29,072
Landauer, Inc. 585 29,812
Pre-Paid Legal Services, Inc. 721 39,987
R.R. Donnelley & Sons Co. 9,357 342,092
----------
Total Commercial Services 626,658
-----------------------------------------------------------------------------
Distribution/Wholesale - 0.2%
Genuine Parts Co. 7,795 389,750
-----------------------------------------------------------------------------
Diversified Financial Services - 10.1%
Citigroup, Inc. 279,597 13,048,791
Freddie Mac 29,565 1,744,631
JPMorgan Chase & Co. 148,355 6,797,626
Student Loan Corp. 517 93,225
----------
Total Diversified Financial Services 21,684,273
-----------------------------------------------------------------------------
Electric - 8.7%
ALLETE, Inc. 1,317 58,949
Alliant Energy Corp. 4,341 166,347
Ameren Corp. 13,463 706,808
American Electric Power Co., Inc. 21,331 982,932
Black Hills Corp. 1,735 71,170
CenterPoint Energy, Inc. 15,731 252,168
Central Vermont Public Service Corp. 1,262 46,113
CH Energy Group, Inc. 128 6,118
Cleco Corp. 4,144 104,719
Consolidated Edison, Inc. 17,297 800,851
Dominion Resources, Inc. 17,456 1,471,541
DPL, Inc. 5,830 153,096
DTE Energy Co. 11,025 534,051
Duke Energy Corp. 77,926 1,456,437
Empire District Electric Co. (The) 1,918 43,328
Energy East Corp. 9,899 267,768
FirstEnergy Corp. 13,475 853,507
FPL Group, Inc. 16,038 976,393
Great Plains Energy, Inc. 6,303 181,589
Hawaiian Electric Industries, Inc. 5,705 123,856
IDACORP, Inc. 938 30,710
Integrys Energy Group, Inc. 5,054 258,916
ITC Holdings Corp. 1,738 86,118
MGE Energy, Inc. 1,089 36,416
Northeast Utilities 5,780 165,135
NSTAR 5,684 197,860
OGE Energy Corp. 4,369 144,614
Otter Tail Corp. 1,157 41,247
Pepco Holdings, Inc. 11,072 299,830
PG&E Corp. 13,984 668,435
Pinnacle West Capital Corp. 6,647 262,623
PNM Resources, Inc. 4,760 110,813
Portland General Electric Co. 4,405 122,459
PPL Corp. 16,519 764,830
Progress Energy, Inc. 17,972 841,988
Public Service Enterprise Group, Inc. 12,282 1,080,693
Puget Energy, Inc. 6,783 165,980
SCANA Corp. 6,559 254,096
Southern Co. 44,355 1,609,199
TECO Energy, Inc. 13,314 218,749
TXU Corp. 21,128 1,446,634
UIL Holdings Corp. 1,260 39,690
Westar Energy, Inc. 4,531 111,281
Xcel Energy, Inc. 23,917 515,172
----------
Total Electric 18,731,229
-----------------------------------------------------------------------------
Electrical Components & Equipment - 0.0%
Hubbell, Inc. Class A 180 10,730
-----------------------------------------------------------------------------
Entertainment - 0.1%
Regal Entertainment Group Class A(a) 6,943 152,399
-----------------------------------------------------------------------------
Environmental Control - 0.0%
American Ecology Corp. 187 3,963
-----------------------------------------------------------------------------
Food - 0.9%
ConAgra Foods, Inc. 20,515 536,057
H.J. Heinz Co. Ltd. 14,704 679,325
Kraft Foods, Inc. Class A 19,888 686,335
Lance, Inc. 1,263 29,074
Nash Finch Co. 662 26,367
Weis Markets, Inc. 984 42,007
----------
Total Food 1,999,165
-----------------------------------------------------------------------------
Forest Products & Paper - 1.2%
Bowater, Inc.(a) 3,055 45,581
International Paper Co.(a) 20,172 723,570
Louisiana-Pacific Corp. 2,656 45,072
MeadWestvaco Corp. 8,283 244,597
Plum Creek Timber Co., Inc. 11,870 531,301
Weyerhaeuser Co. 12,962 937,152
----------
Total Forest Products & Paper 2,527,273
-----------------------------------------------------------------------------
Gas - 0.5%
AGL Resources, Inc. 4,505 178,488
Atmos Energy Corp. 4,301 121,804
Laclede Group, Inc. (The) 483 15,591
New Jersey Resources Corp. 1,218 60,401
Nicor, Inc. 2,350 100,815
NiSource, Inc. 13,966 267,310
Northwest Natural Gas Co. 1,314 60,050
Piedmont Natural Gas Co., Inc.(a) 4,057 101,790
South Jersey Industries, Inc. 1,230 42,804
Vectren Corp. 4,432 120,949
See Notes to Financial Statements.
22 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
WGL Holdings, Inc. 3,053 $ 103,466
----------
Total Gas 1,173,468
-----------------------------------------------------------------------------
Healthcare-Services - 0.1%
Brookdale Senior Living, Inc. 5,127 204,106
-----------------------------------------------------------------------------
Home Furnishings - 0.0%
Bassett Furniture Industries, Inc. 1,574 16,338
La-Z-Boy, Inc.(a) 4,665 34,428
----------
Total Home Furnishings 50,766
-----------------------------------------------------------------------------
Household Products/Wares - 0.7%
Ennis, Inc. 1,121 24,707
Kimberly-Clark Corp. 19,339 1,358,758
Standard Register Co. (The) 2,045 25,992
Tupperware Brands Corp. 3,773 118,812
WD-40 Co. 520 17,753
----------
Total Household Products/Wares 1,546,022
-----------------------------------------------------------------------------
Housewares - 0.2%
Newell Rubbermaid, Inc. 11,793 339,874
-----------------------------------------------------------------------------
Insurance - 0.7%
American National Insurance Co. 1,188 156,281
Arthur J. Gallagher & Co. 5,756 166,751
Baldwin & Lyons, Inc. Class B 738 20,155
Cincinnati Financial Corp. 8,242 356,962
Commerce Group, Inc. 3,930 115,817
Fidelity National Title Group, Inc. Class A 17,865 312,281
Mercury General Corp. 3,051 164,540
Unitrin, Inc. 3,833 190,078
Zenith National Insurance Corp. 2,290 102,798
----------
Total Insurance 1,585,663
-----------------------------------------------------------------------------
Internet - 0.0%
United Online, Inc. 5,506 82,645
-----------------------------------------------------------------------------
Investment Companies - 0.8%
Allied Capital Corp.(a) 15,259 448,462
American Capital Strategies Ltd.(a) 16,186 691,627
Apollo Investment Corp.(a) 9,761 203,029
Ares Capital Corp. 5,755 93,634
Gladstone Capital Corp.(a) 1,377 26,879
Gladstone Investment Corp. 2,195 28,184
Hercules Technology Growth Capital, Inc. 1,969 26,129
MCG Capital Corp. 7,775 111,882
Medallion Financial Corp. 3,600 39,204
MVC Capital, Inc. 1,405 26,035
NGP Capital Resources Co. 1,515 24,588
Patriot Capital Funding, Inc. 2,218 29,655
Prospect Energy Corp.(a) 1,529 26,024
Technology Investment Capital Corp. 2,676 35,778
----------
Total Investment Companies 1,811,110
-----------------------------------------------------------------------------
Leisure Time - 0.0%
Polaris Industries, Inc. 1,838 80,174
-----------------------------------------------------------------------------
Machinery-Diversified - 0.0%
Briggs & Stratton Corp. 2,308 58,115
-----------------------------------------------------------------------------
Media - 0.6%
Belo Corp. Class A 4,586 79,613
CBS Corp. Class B 28,224 889,056
Dow Jones & Co., Inc. 1,670 99,699
Entercom Communications Corp. 3,002 58,029
New York Times Co. (The) Class A 6,903 136,403
Sinclair Broadcast Group, Inc. Class A 2,890 34,796
World Wrestling Entertainment, Inc. 3,051 46,009
----------
Total Media 1,343,605
-----------------------------------------------------------------------------
Metal Fabricate/Hardware - 0.1%
Worthington Industries, Inc.(a) 4,661 109,813
-----------------------------------------------------------------------------
Mining - 2.5%
Compass Minerals International, Inc. 1,570 53,443
Southern Copper Corp.(a) 42,447 5,256,212
----------
Total Mining 5,309,655
-----------------------------------------------------------------------------
Miscellaneous Manufacturing - 8.2%
General Electric Co. 419,858 17,382,121
Koppers Holdings, Inc. 895 34,556
Leggett & Platt, Inc. 7,754 148,567
Reddy Ice Holdings, Inc. 1,326 34,967
Standex International Corp. 762 15,758
----------
Total Miscellaneous Manufacturing 17,615,969
-----------------------------------------------------------------------------
Office Furnishings - 0.0%
Steelcase, Inc. Class A 3,365 60,503
-----------------------------------------------------------------------------
Office/Business Equipment - 0.2%
Pitney Bowes, Inc. 8,916 404,965
-----------------------------------------------------------------------------
Oil & Gas - 3.9%
Chevron Corp. 89,984 8,420,703
-----------------------------------------------------------------------------
Oil & Gas Services - 0.0%
MarkWest Hydrocarbon, Inc. 421 24,473
-----------------------------------------------------------------------------
Packaging & Containers - 0.1%
Packaging Corp. of America 6,558 190,641
-----------------------------------------------------------------------------
Pharmaceuticals - 9.6%
Bristol-Myers Squibb Co. 127,634 3,678,412
Eli Lilly & Co. 48,241 2,746,360
Merck & Co., Inc. 106,675 5,514,031
Pfizer, Inc. 361,452 8,830,271
----------
Total Pharmaceuticals 20,769,074
-----------------------------------------------------------------------------
Pipelines - 0.2%
National Fuel Gas Co. 3,693 172,869
ONEOK, Inc. 4,929 233,635
----------
Total Pipelines 406,504
-----------------------------------------------------------------------------
REITS - 6.9%
Acadia Realty Trust 1,654 44,873
Agree Realty Corp. 594 18,616
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 23
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------
Alexandria Real Estate Equities, Inc. 1,588 $ 152,861
AMB Property Corp. 4,509 269,683
American Campus Communities, Inc. 1,890 55,358
American Land Lease, Inc. 1,938 43,547
Archstone-Smith Trust 9,828 591,056
Ashford Hospitality Trust, Inc. 10,111 101,616
Associated Estates Realty Corp. 2,221 28,962
BioMed Realty Trust, Inc. 4,747 114,403
BRE Properties, Inc. Class A 2,637 147,487
Camden Property Trust 3,276 210,483
Capital Lease Funding, Inc. 4,358 44,670
Cedar Shopping Centers, Inc. 5,596 76,218
Colonial Properties Trust 6,656 228,301
Developers Diversified Realty Corp. 6,240 348,629
DiamondRock Hospitality Co. 7,000 121,870
Digital Realty Trust, Inc. 2,278 89,730
Duke Realty Corp. 10,131 342,529
EastGroup Properties, Inc. 1,222 55,308
Education Realty Trust, Inc. 5,206 70,281
Entertainment Properties Trust 2,966 150,673
Equity Inns, Inc. 5,101 115,181
Equity One, Inc. 5,777 157,134
Equity Residential 15,884 672,845
Extra Space Storage, Inc. 5,474 84,245
Federal Realty Investment Trust 2,203 195,186
FelCor Lodging Trust, Inc. 4,961 98,873
First Industrial Realty Trust, Inc. 3,656 142,109
Franklin Street Properties Corp.(a) 7,246 124,994
General Growth Properties, Inc. 12,188 653,520
Getty Realty Corp. 2,500 68,000
Glimcher Realty Trust 3,801 89,324
GMH Communities Trust 5,868 45,477
HCP, Inc. 14,763 489,689
Health Care REIT, Inc. 7,097 313,971
Hersha Hospitality Trust 3,856 38,174
Highwoods Properties, Inc. 4,576 167,802
Home Properties, Inc. 2,335 121,840
Hospitality Properties Trust 7,378 299,916
Host Hotels & Resorts, Inc. 26,812 601,660
HRPT Properties Trust 25,963 256,774
Inland Real Estate Corp.(a) 5,814 90,059
Investors Real Estate Trust 5,751 62,111
Kilroy Realty Corp. 1,385 83,973
Kimco Realty Corp. 11,661 527,194
Kite Realty Group Trust 2,414 45,383
LaSalle Hotel Properties 2,600 109,408
Lexington Corporate Properties Trust(a) 7,947 159,019
LTC Properties, Inc. 3,150 74,561
Macerich Co. (The) 3,900 341,562
Medical Properties Trust, Inc. 5,406 72,008
Mid-America Apartment Communities, Inc. 1,566 78,065
Mission West Properties, Inc. 1,944 23,620
National Health Investors, Inc. 2,967 91,710
National Retail Properties, Inc. 6,041 147,280
Nationwide Health Properties, Inc. 7,587 228,596
Omega Healthcare Investors, Inc. 6,971 108,260
One Liberty Properties, Inc. 2,522 49,053
Parkway Properties, Inc. 1,535 67,755
Pennsylvania Real Estate Investment Trust 3,731 145,285
Post Properties, Inc. 2,846 110,140
Potlatch Corp. 2,802 126,174
Ramco-Gershenson Properties Trust 1,877 58,637
Rayonier, Inc. 4,904 235,588
Realty Income Corp. 8,710 243,445
Regency Centers Corp. 3,612 277,221
Republic Property Trust 3,026 44,391
Saul Centers, Inc. 803 41,355
Senior Housing Properties Trust 9,159 202,048
Simon Property Group, Inc. 9,817 981,699
Sovran Self Storage, Inc. 1,712 78,478
Strategic Hotels & Resorts, Inc. 6,081 125,208
Sun Communities, Inc. 2,087 62,777
Sunstone Hotel Investors, Inc. 5,330 136,661
Tanger Factory Outlet Centers, Inc. 1,522 61,778
Universal Health Realty Income Trust 1,736 61,680
Urstadt Biddle Properties, Inc. Class A 3,087 47,756
Ventas, Inc. 6,381 264,173
Vornado Realty Trust 5,987 654,677
Washington Real Estate Investment Trust 3,673 121,870
Weingarten Realty Investors 5,597 232,052
Winthrop Realty Trust 7,650 51,485
----------
Total REITS 14,768,063
---------------------------------------------------------------------------
Retail - 0.0%
Asbury Automotive Group, Inc. 1,781 35,282
Kenneth Cole Productions, Inc. Class A 731 14,159
----------
Total Retail 49,441
---------------------------------------------------------------------------
Savings & Loans - 1.7%
Astoria Financial Corp. 2,713 71,976
Capitol Federal Financial 5,707 195,179
Dime Community Bancshares 150 2,246
First Defiance Financial Corp. 1,614 43,578
First Niagara Financial Group, Inc. 8,725 123,459
Flagstar Bancorp, Inc. 3,885 37,801
New York Community Bancorp, Inc. 25,425 484,346
Northwest Bancorp, Inc. 2,733 77,781
United Community Financial Corp./OH 5,607 40,483
Washington Federal, Inc. 4,296 112,813
Washington Mutual, Inc. 67,862 2,396,207
----------
Total Savings & Loans 3,585,869
---------------------------------------------------------------------------
Semiconductors - 0.2%
Microchip Technology, Inc. 9,641 350,161
---------------------------------------------------------------------------
See Notes to Financial Statements.
24 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree High-Yielding Equity Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Software - 0.0%
Computer Programs & Systems, Inc. 43 $ 1,133
------------------------------------------------------------------------------
Telecommunications - 11.0%
Alaska Communications Systems Group, Inc. 3,858 55,748
AT&T, Inc. 308,310 13,044,595
Citizens Communications Co. 33,081 473,720
Consolidated Communications Holdings, Inc. 3,212 62,987
Embarq Corp. 8,231 457,644
FairPoint Communications, Inc. 4,433 83,606
Iowa Telecommunications Services, Inc. 4,150 82,378
SureWest Communications 783 19,583
USA Mobility, Inc. 4,152 70,044
Verizon Communications, Inc. 194,086 8,594,128
Windstream Corp. 47,564 671,604
------------
Total Telecommunications 23,616,037
------------------------------------------------------------------------------
Toys/Games/Hobbies - 0.2%
Mattel, Inc. 15,986 375,032
------------------------------------------------------------------------------
Trucking & Leasing - 0.0%
TAL International Group, Inc. 1,212 30,385
------------------------------------------------------------------------------
Water - 0.0%
California Water Service Group 806 31,023
Middlesex Water Co. 1,681 31,771
------------
Total Water 62,794
------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $208,470,522) 214,249,289
==============================================================================
SHORT-TERM INVESTMENT - 1.1%
MONEY MARKET FUND - 1.1%
United States - 1.1%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $2,474,714) 2,474,714 2,474,714
==============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 5.0%
MONEY MARKET FUNDS(c) - 5.0%
UBS Enhanced Yield Portfolio, 5.38% 8,173,809 8,173,809
UBS Private Money Market Fund LLC, 5.21% 2,634,839 2,634,839
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $10,808,648)(d) 10,808,648
==============================================================================
TOTAL INVESTMENTS IN SECURITIES - 105.7%
(Cost: $221,753,884)(e) 227,532,651
Liabilities in Excess of Other Assets - (5.7)% (12,351,409)
------------
NET ASSETS - 100.0% $215,181,242
==============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $10,460,581 and the total market value of the collateral held by
the Fund was $10,808,648.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 25
Schedule of Investments (unaudited)
WisdomTree LargeCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Advertising - 0.1%
Omnicom Group, Inc. 4,915 $ 236,362
--------------------------------------------------------------------------
Aerospace/Defense - 2.1%
Boeing Co. (The) 15,860 1,665,141
General Dynamics Corp. 7,454 629,639
L-3 Communications Holdings, Inc. 695 70,987
Lockheed Martin Corp. 10,733 1,164,423
Northrop Grumman Corp. 11,138 868,764
Raytheon Co. 12,368 789,326
Rockwell Collins, Inc. 480 35,059
United Technologies Corp. 24,423 1,965,564
----------
Total Aerospace/Defense 7,188,903
--------------------------------------------------------------------------
Agriculture - 3.1%
Altria Group, Inc. 126,722 8,810,981
Reynolds American, Inc. 20,422 1,298,635
UST, Inc. 9,709 481,566
----------
Total Agriculture 10,591,182
--------------------------------------------------------------------------
Airlines - 0.0%
Southwest Airlines Co. 141 2,087
--------------------------------------------------------------------------
Apparel - 0.3%
NIKE, Inc. Class B 11,362 666,495
VF Corp. 2,793 225,535
----------
Total Apparel 892,030
--------------------------------------------------------------------------
Auto Manufacturers - 0.3%
General Motors Corp. 21,190 777,673
Paccar, Inc. 4,510 384,478
----------
Total Auto Manufacturers 1,162,151
--------------------------------------------------------------------------
Auto Parts & Equipment - 0.2%
Johnson Controls, Inc. 5,380 635,432
--------------------------------------------------------------------------
Banks - 12.0%
Bank of America Corp. 276,470 13,898,148
Bank of New York Mellon Corp. (The) 39,330 1,736,026
BB&T Corp. 34,967 1,412,317
Capital One Financial Corp. 254 16,873
Comerica, Inc. 10,436 535,158
Fifth Third Bancorp 37,351 1,265,452
KeyCorp(a) 22,742 735,249
M&T Bank Corp. 2,484 256,970
Marshall & Ilsley Corp. 10,804 472,891
National City Corp. 41,701 1,046,278
Northern Trust Corp. 5,975 395,963
PNC Financial Services Group, Inc. (The) 13,548 922,619
Regions Financial Corp. 44,566 1,313,806
State Street Corp. 6,332 431,589
SunTrust Banks, Inc. 18,821 1,424,185
Synovus Financial Corp. 14,391 403,668
U.S. Bancorp 102,114 3,321,768
UnionBanCal Corp. 7,401 432,292
Wachovia Corp. 121,989 6,117,748
Wells Fargo & Co. 154,130 5,490,111
Zions Bancorp 182 12,498
----------
Total Banks 41,641,609
--------------------------------------------------------------------------
Beverages - 3.0%
Anheuser-Busch Cos., Inc. 28,273 1,413,367
Coca-Cola Co. (The) 91,862 5,279,309
Coca-Cola Enterprises, Inc. 11,280 273,202
PepsiCo, Inc. 47,081 3,449,154
----------
Total Beverages 10,415,032
--------------------------------------------------------------------------
Building Materials - 0.2%
American Standard Cos., Inc. 4,654 165,775
Masco Corp. 20,297 470,282
----------
Total Building Materials 636,057
--------------------------------------------------------------------------
Chemicals - 2.1%
Air Products & Chemicals, Inc. 6,547 640,035
Dow Chemical Co. (The) 53,008 2,282,524
E.I. du Pont de Nemours & Co. 42,943 2,128,255
Ecolab, Inc. 629 29,689
Monsanto Co. 5,511 472,513
PPG Industries, Inc. 7,319 552,950
Praxair, Inc. 7,670 642,439
Rohm & Haas Co. 8,076 449,591
Sherwin-Williams Co. (The) 3,150 206,987
----------
Total Chemicals 7,404,983
--------------------------------------------------------------------------
Coal - 0.0%
Peabody Energy Corp. 2,601 124,510
--------------------------------------------------------------------------
Commercial Services - 0.1%
McKesson Corp. 2,111 124,106
R.R. Donnelley & Sons Co. 9,475 346,406
----------
Total Commercial Services 470,512
--------------------------------------------------------------------------
Computers - 1.5%
Electronic Data Systems Corp. 5,537 120,928
Hewlett-Packard Co. 32,876 1,636,896
International Business Machines Corp. 29,110 3,429,158
----------
Total Computers 5,186,982
--------------------------------------------------------------------------
Cosmetics/Personal Care - 2.3%
Avon Products, Inc. 14,122 529,999
Colgate-Palmolive Co. 14,970 1,067,660
Procter & Gamble Co. 92,629 6,515,524
----------
Total Cosmetics/Personal Care 8,113,183
--------------------------------------------------------------------------
Distribution/Wholesale - 0.1%
Genuine Parts Co. 7,257 362,850
--------------------------------------------------------------------------
Diversified Financial Services - 8.9%
American Express Co. 18,218 1,081,603
Ameriprise Financial, Inc. 3,297 208,074
BlackRock, Inc. 2,069 358,785
See Notes to Financial Statements.
26 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree LargeCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
Charles Schwab Corp. (The) 19,894 $ 429,710
Citigroup, Inc. 287,446 13,415,104
CME Group, Inc. 241 141,551
Countrywide Financial Corp.(a) 30,363 577,201
Fannie Mae 15,556 945,960
Franklin Resources, Inc. 1,665 212,288
Freddie Mac 39,772 2,346,946
Goldman Sachs Group, Inc. 4,513 978,148
JPMorgan Chase & Co. 150,907 6,914,558
Legg Mason, Inc. 1,841 155,178
Lehman Brothers Holdings, Inc. 5,107 315,255
Merrill Lynch & Co., Inc.(a) 14,932 1,064,353
Morgan Stanley 22,213 1,399,419
T. Rowe Price Group, Inc. 5,433 302,564
----------
Total Diversified Financial Services 30,846,697
-------------------------------------------------------------------------------
Electric - 5.5%
Ameren Corp. 17,860 937,650
American Electric Power Co., Inc. 21,995 1,013,530
Consolidated Edison, Inc. 18,131 839,465
Constellation Energy Group, Inc. 6,005 515,169
Dominion Resources, Inc. 17,894 1,508,464
DTE Energy Co. 11,507 557,399
Duke Energy Corp. 74,972 1,401,227
Edison International 11,402 632,241
Entergy Corp. 7,243 784,344
Exelon Corp. 26,161 1,971,493
FirstEnergy Corp. 14,226 901,075
FPL Group, Inc. 16,873 1,027,228
PG&E Corp. 14,829 708,826
PPL Corp. 17,085 791,036
Progress Energy, Inc. 19,052 892,586
Public Service Enterprise Group, Inc. 12,666 1,114,481
Southern Co.(a) 59,278 2,150,606
TXU Corp. 10,693 732,150
Xcel Energy, Inc. 23,701 510,520
----------
Total Electric 18,989,490
-------------------------------------------------------------------------------
Electrical Components & Equipment - 0.4%
Emerson Electric Co. 28,763 1,530,767
-------------------------------------------------------------------------------
Engineering & Construction - 0.1%
Fluor Corp. 1,393 200,564
-------------------------------------------------------------------------------
Entertainment - 0.1%
International Game Technology 6,482 279,374
-------------------------------------------------------------------------------
Environmental Control - 0.1%
Waste Management, Inc. 6,541 246,857
-------------------------------------------------------------------------------
Food - 1.8%
Campbell Soup Co. 12,552 464,424
ConAgra Foods, Inc. 21,148 552,597
General Mills, Inc. 14,711 853,385
H.J. Heinz Co. Ltd. 15,468 714,622
Hershey Co. (The) 6,400 297,024
Kellogg Co. 15,171 849,576
Kraft Foods, Inc. Class A 9,329 321,944
Kroger Co. (The)(a) 13,973 398,510
Safeway, Inc. 5,431 179,820
Sara Lee Corp. 26,843 448,010
SYSCO Corp. 19,388 690,019
Wm. Wrigley Jr. Co. 6,675 428,735
----------
Total Food 6,198,666
-------------------------------------------------------------------------------
Forest Products & Paper - 0.5%
International Paper Co. 20,361 730,349
Weyerhaeuser Co. 12,998 939,755
----------
Total Forest Products & Paper 1,670,104
-------------------------------------------------------------------------------
Gas - 0.1%
Sempra Energy 8,795 511,165
-------------------------------------------------------------------------------
Healthcare-Products - 2.4%
Baxter International, Inc. 12,592 708,678
Becton Dickinson & Co. 4,975 408,199
C.R. Bard, Inc. 1,100 97,009
Johnson & Johnson 97,684 6,417,839
Medtronic, Inc. 14,369 810,555
Stryker Corp. 1,665 114,485
----------
Total Healthcare-Products 8,556,765
-------------------------------------------------------------------------------
Healthcare-Services - 0.0%
Aetna, Inc. 204 11,072
UnitedHealth Group, Inc. 194 9,395
----------
Total Healthcare-Services 20,467
-------------------------------------------------------------------------------
Household Products/Wares - 0.6%
Clorox Co. (The) 4,491 273,906
Fortune Brands, Inc. 4,454 362,956
Kimberly-Clark Corp. 20,020 1,406,606
----------
Total Household Products/Wares 2,043,468
-------------------------------------------------------------------------------
Housewares - 0.1%
Newell Rubbermaid, Inc. 12,101 348,751
-------------------------------------------------------------------------------
Insurance - 3.2%
Allstate Corp. (The) 20,394 1,166,333
American Family Life Assurance Co., Inc. 12,259 699,253
American International Group, Inc. 36,125 2,443,857
AON Corp. 8,174 366,277
Chubb Corp. (The) 11,761 630,860
Cigna Corp. 146 7,780
Genworth Financial, Inc. Class A 7,849 241,200
Hartford Financial Services Group, Inc. (The) 10,962 1,014,533
Lincoln National Corp. 10,205 673,224
Loews Corp. 3,963 191,611
Marsh & McLennan Cos., Inc. 17,650 450,075
MBIA, Inc. 3,867 236,080
Metlife, Inc. 11,308 788,507
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 27
Schedule of Investments (unaudited) (continued)
WisdomTree LargeCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Principal Financial Group, Inc. 5,819 $ 367,121
Progressive Corp. (The) 266 5,163
Prudential Financial, Inc. 8,187 798,887
Travelers Cos., Inc. (The) 20,498 1,031,869
----------
Total Insurance 11,112,630
------------------------------------------------------------------------------
Iron/Steel - 0.1%
Allegheny Technologies, Inc. 365 40,132
Nucor Corp. 554 32,946
United States Steel Corp. 1,070 113,356
----------
Total Iron/Steel 186,434
------------------------------------------------------------------------------
Lodging - 0.3%
Harrah's Entertainment, Inc. 5,665 492,457
Hilton Hotels Corp. 3,497 162,576
Marriott International, Inc. Class A 3,197 138,974
Starwood Hotels & Resorts Worldwide, Inc. 4,105 249,379
----------
Total Lodging 1,043,386
------------------------------------------------------------------------------
Machinery-Construction & Mining - 0.4%
Caterpillar, Inc. 18,647 1,462,484
------------------------------------------------------------------------------
Machinery-Diversified - 0.4%
Deere & Co. 6,317 937,569
Rockwell Automation, Inc. 4,758 330,729
----------
Total Machinery-Diversified 1,268,298
------------------------------------------------------------------------------
Media - 1.2%
CBS Corp. Class B 31,119 980,249
Clear Channel Communications, Inc. 15,605 584,251
News Corp. Class A 18,781 412,994
News Corp. Class B 7,392 172,899
Time Warner, Inc. 64,221 1,179,097
Walt Disney Co. (The) 28,727 987,922
----------
Total Media 4,317,412
------------------------------------------------------------------------------
Metal Fabricate/Hardware - 0.0%
Precision Castparts Corp. 132 19,533
------------------------------------------------------------------------------
Mining - 2.5%
Alcoa, Inc. 24,700 966,264
Freeport-McMoRan Copper & Gold, Inc. Class B 6,651 697,623
Newmont Mining Corp. 14,961 669,206
Southern Copper Corp. 49,773 6,163,391
----------
Total Mining 8,496,484
------------------------------------------------------------------------------
Miscellaneous Manufacturing - 7.0%
3M Co. 26,980 2,524,788
Danaher Corp. 139 11,497
Dover Corp. 4,869 248,076
Eaton Corp. 4,536 449,245
General Electric Co. 432,452 17,903,513
Honeywell International, Inc. 25,558 1,519,934
Illinois Tool Works, Inc. 14,943 891,201
ITT Industries, Inc. 369 25,066
Parker Hannifin Corp. 1,677 187,539
Textron, Inc. 6,182 384,582
----------
Total Miscellaneous Manufacturing 24,145,441
------------------------------------------------------------------------------
Office/Business Equipment - 0.1%
Pitney Bowes, Inc. 9,134 414,866
------------------------------------------------------------------------------
Oil & Gas - 9.4%
Apache Corp. 11,525 1,037,942
Chesapeake Energy Corp. 5,291 186,561
Chevron Corp. 92,823 8,686,375
ConocoPhillips 58,195 5,107,775
Devon Energy Corp. 6,238 519,002
Diamond Offshore Drilling, Inc. 1,226 138,894
ENSCO International, Inc. 188 10,547
EOG Resources, Inc. 4,325 312,827
Exxon Mobil Corp.(a) 143,887 13,318,180
Hess Corp. 3,303 219,749
Marathon Oil Corp. 17,622 1,004,806
Murphy Oil Corp. 4,530 316,602
Noble Energy, Inc. 3,039 212,852
Occidental Petroleum Corp. 11,353 727,500
Valero Energy Corp. 5,202 349,470
XTO Energy, Inc. 3,809 235,549
----------
Total Oil & Gas 32,384,631
------------------------------------------------------------------------------
Oil & Gas Services - 0.0%
Smith International, Inc. 2,373 169,432
------------------------------------------------------------------------------
Pharmaceuticals - 8.1%
Abbott Laboratories 57,470 3,081,541
Allergan, Inc. 644 41,519
AmerisourceBergen Corp. 682 30,915
Bristol-Myers Squibb Co. 156,251 4,503,154
Cardinal Health, Inc. 3,355 209,788
Eli Lilly & Co. 50,023 2,847,809
Merck & Co., Inc. 109,742 5,672,564
Pfizer, Inc. 388,203 9,483,800
Schering-Plough Corp. 3,665 115,924
Wyeth 42,929 1,912,487
----------
Total Pharmaceuticals 27,899,501
------------------------------------------------------------------------------
Pipelines - 0.2%
El Paso Corp. 10,968 186,127
Williams Cos., Inc. (The) 11,451 390,021
----------
Total Pipelines 576,148
------------------------------------------------------------------------------
REITS - 1.5%
Archstone-Smith Trust(a) 9,382 564,233
AvalonBay Communities, Inc. 2,533 299,046
Boston Properties, Inc. 4,034 419,133
Equity Residential 14,814 627,521
General Growth Properties, Inc. 11,701 627,408
See Notes to Financial Statements.
28 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree LargeCap Dividend Fund
September 30, 2007
Investments Shares Value
------------------------------------------------------------------------------
Host Hotels & Resorts, Inc. 24,451 $ 548,680
ProLogis 8,979 595,757
Simon Property Group, Inc.(a) 9,768 976,800
Vornado Realty Trust 5,666 619,577
------------
Total REITS 5,278,155
------------------------------------------------------------------------------
Retail - 3.8%
Best Buy Co., Inc. 2,711 124,760
Costco Wholesale Corp. 7,224 443,337
CVS Corp. 15,785 625,560
Gap, Inc. (The) 13,655 251,798
Home Depot, Inc. (The)(a) 72,432 2,349,694
J.C. Penney Co., Inc. 3,105 196,764
Limited Brands, Inc. 10,165 232,677
Lowe's Cos., Inc. 16,377 458,884
McDonald's Corp. 43,607 2,375,273
Nordstrom, Inc. 3,705 173,727
Staples, Inc. 9,584 205,960
Target Corp. 10,509 668,057
TJX Cos., Inc. 7,430 215,990
Walgreen Co. 12,477 589,413
Wal-Mart Stores, Inc. 89,679 3,914,489
Yum! Brands, Inc. 7,635 258,292
------------
Total Retail 13,084,675
------------------------------------------------------------------------------
Savings & Loans - 0.7%
Sovereign Bancorp, Inc. 28,299 482,215
Washington Mutual, Inc. 53,980 1,906,034
------------
Total Savings & Loans 2,388,249
------------------------------------------------------------------------------
Semiconductors - 2.1%
Analog Devices, Inc. 11,603 419,564
Applied Materials, Inc. 22,896 473,947
Intel Corp. 185,498 4,796,979
KLA -Tencor Corp. 2,712 151,275
Linear Technology Corp. 8,526 298,325
Maxim Integrated Products, Inc. 11,409 334,854
National Semiconductor Corp. 5,850 158,652
Texas Instruments, Inc. 11,898 435,348
Xilinx, Inc. 7,116 186,012
------------
Total Semiconductors 7,254,956
------------------------------------------------------------------------------
Software - 2.1%
Automatic Data Processing, Inc. 14,778 678,754
CA, Inc. 6,574 169,083
Mastercard, Inc. Class A 182 26,931
Microsoft Corp. 198,434 5,845,865
Paychex, Inc. 12,009 492,369
------------
Total Software 7,213,002
------------------------------------------------------------------------------
Telecommunications - 7.3%
ALLTEL Corp. 4,872 339,481
AT&T, Inc. 316,158 13,376,645
Embarq Corp. 8,602 478,271
Motorola, Inc. 15,242 282,434
QUALCOMM, Inc. 32,086 1,355,954
Sprint Nextel Corp. 25,205 478,895
Verizon Communications, Inc. 200,353 8,871,631
Virgin Media, Inc. 1,406 34,124
------------
Total Telecommunications 25,217,435
------------------------------------------------------------------------------
Toys/Games/Hobbies - 0.1%
Mattel, Inc. 16,912 396,756
------------------------------------------------------------------------------
Transportation - 1.1%
Burlington Northern Santa Fe Corp. 7,090 575,495
C.H. Robinson Worldwide, Inc. 4,567 247,942
CSX Corp. 7,116 304,067
Expeditors International Washington, Inc. 2,058 97,343
FedEx Corp. 1,435 150,316
Norfolk Southern Corp. 8,592 446,011
Union Pacific Corp. 5,340 603,740
United Parcel Service, Inc. Class B 19,241 1,445,000
------------
Total Transportation 3,869,914
------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $327,140,869) 344,706,822
==============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.2%
MONEY MARKET FUNDS(b) - 3.2%
AIM Prime Portfolio, 5.08% 2 2
UBS Enhanced Yield Portfolio, 5.38% 7,802,772 7,802,772
UBS Private Money Market Fund LLC, 5.21% 3,225,419 3,225,419
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $11,028,193)(c) 11,028,193
==============================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.8%
(Cost: $338,169,062)(d) 355,735,015
Liabilities in Excess of Cash and Other
Assets - (2.8)% (9,834,913)
------------
NET ASSETS - 100.0% $345,900,102
==============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $10,737,360 and the total market value of the collateral held by
the Fund was $11,028,193.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 29
Schedule of Investments (unaudited)
WisdomTree Dividend Top 100 Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
COMMON STOCKS - 99.7%
Agriculture - 3.3%
Altria Group, Inc. 25,096 $1,744,925
Reynolds American, Inc.(a) 48,525 3,085,704
UST, Inc. 46,363 2,299,605
----------
Total Agriculture 7,130,234
-------------------------------------------------------------------------
Apparel - 0.6%
VF Corp. 16,666 1,345,780
-------------------------------------------------------------------------
Auto Manufacturers - 1.2%
General Motors Corp.(a) 69,961 2,567,569
-------------------------------------------------------------------------
Banks - 15.5%
Bank of America Corp. 50,697 2,548,538
Bank of New York Mellon Corp. (The) 63,676 2,810,659
BB&T Corp. 59,656 2,409,506
Comerica, Inc. 42,068 2,157,247
Fifth Third Bancorp 67,746 2,295,234
KeyCorp 69,255 2,239,014
Marshall & Ilsley Corp. 33,765 1,477,894
National City Corp. 66,989 1,680,754
PNC Financial Services Group, Inc. (The) 25,801 1,757,048
Regions Financial Corp. 68,215 2,010,978
SunTrust Banks, Inc. 23,852 1,804,881
Synovus Financial Corp. 53,268 1,494,167
U.S. BanCorp. 76,005 2,472,443
UnionBanCal Corp. 34,557 2,018,474
Wachovia Corp. 50,384 2,526,758
Wells Fargo & Co. 58,993 2,101,331
----------
Total Banks 33,804,926
-------------------------------------------------------------------------
Beverages - 1.8%
Anheuser-Busch Cos., Inc. 35,840 1,791,642
Coca-Cola Co. (The) 37,369 2,147,596
----------
Total Beverages 3,939,238
-------------------------------------------------------------------------
Building Materials - 0.6%
Masco Corp. 59,405 1,376,414
-------------------------------------------------------------------------
Chemicals - 4.0%
Dow Chemical Co. (The) 61,331 2,640,914
E.I. du Pont de Nemours & Co. 43,041 2,133,112
PPG Industries, Inc. 29,777 2,249,652
Rohm & Haas Co. 31,623 1,760,452
----------
Total Chemicals 8,784,130
-------------------------------------------------------------------------
Commercial Services - 1.4%
H&R Block, Inc. 36,049 763,518
R.R. Donnelley & Sons Co. 63,147 2,308,654
----------
Total Commercial Services 3,072,172
-------------------------------------------------------------------------
Distribution/Wholesale - 0.9%
Genuine Parts Co. 40,404 2,020,200
-------------------------------------------------------------------------
Diversified Financial Services - 2.5%
Citigroup, Inc. 52,135 2,433,141
Freddie Mac 25,530 1,506,525
JPMorgan Chase & Co. 31,271 1,432,837
----------
Total Diversified Financial Services 5,372,503
-------------------------------------------------------------------------
Electric - 20.0%
Ameren Corp. 55,916 2,935,590
American Electric Power Co., Inc. 58,959 2,716,831
Consolidated Edison, Inc. 65,089 3,013,621
Dominion Resources, Inc. 27,866 2,349,104
DTE Energy Co. 61,331 2,970,874
Duke Energy Corp. 84,007 1,570,091
Edison International(a) 33,768 1,872,436
Entergy Corp. 17,011 1,842,121
Exelon Corp. 30,849 2,324,781
FirstEnergy Corp. 33,197 2,102,698
FPL Group, Inc. 34,929 2,126,478
PG&E Corp. 41,256 1,972,037
PPL Corp. 54,840 2,539,092
Progress Energy, Inc. 69,826 3,271,348
Public Service Enterprise Group, Inc. 33,270 2,927,427
Southern Co. 97,323 3,530,877
TXU Corp. 16,520 1,131,124
Xcel Energy, Inc. 111,471 2,401,085
----------
Total Electric 43,597,615
-------------------------------------------------------------------------
Electrical Components & Equipment - 0.9%
Emerson Electric Co. 35,123 1,869,246
-------------------------------------------------------------------------
Environmental Control - 0.3%
Waste Management, Inc. 16,457 621,087
-------------------------------------------------------------------------
Food - 5.4%
ConAgra Foods, Inc. 71,167 1,859,594
General Mills, Inc. 30,938 1,794,713
H.J. Heinz Co. Ltd. 47,068 2,174,542
Kellogg Co. 33,771 1,891,176
Kraft Foods, Inc. Class A 75,936 2,620,551
Sara Lee Corp. 87,676 1,463,312
----------
Total Food 11,803,888
-------------------------------------------------------------------------
Forest Products & Paper - 2.2%
International Paper Co.(a) 59,275 2,126,194
Weyerhaeuser Co. 37,179 2,688,042
----------
Total Forest Products & Paper 4,814,236
-------------------------------------------------------------------------
Healthcare-Products - 0.1%
Johnson & Johnson 3,094 203,276
-------------------------------------------------------------------------
Household Products/Wares - 0.9%
Kimberly-Clark Corp. 29,296 2,058,337
-------------------------------------------------------------------------
Housewares - 1.1%
Newell Rubbermaid, Inc. 83,097 2,394,856
-------------------------------------------------------------------------
Insurance - 2.2%
Hartford Financial Services Group, Inc. (The) 24,899 2,304,402
Lincoln National Corp. 37,170 2,452,105
----------
Total Insurance 4,756,507
-------------------------------------------------------------------------
See Notes to Financial Statements.
30 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Dividend Top 100 Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------------
Media - 0.7%
CBS Corp. Class B 51,254 $ 1,614,501
----------------------------------------------------------------------------------
Mining - 6.9%
Southern Copper Corp.(a) 120,614 14,935,632
----------------------------------------------------------------------------------
Miscellaneous Manufacturing - 1.9%
3M Co. 18,332 1,715,509
General Electric Co. 59,457 2,461,519
------------
Total Miscellaneous Manufacturing 4,177,028
----------------------------------------------------------------------------------
Office/Business Equipment - 0.9%
Pitney Bowes, Inc. 43,889 1,993,438
----------------------------------------------------------------------------------
Oil & Gas - 1.1%
Chevron Corp. 26,658 2,494,656
----------------------------------------------------------------------------------
Pharmaceuticals - 6.0%
Abbott Laboratories 39,816 2,134,934
Bristol-Myers Squibb Co. 126,648 3,649,995
Eli Lilly & Co. 37,347 2,126,165
Merck & Co., Inc. 55,763 2,882,389
Pfizer, Inc. 89,057 2,175,662
------------
Total Pharmaceuticals 12,969,145
----------------------------------------------------------------------------------
REITS - 7.8%
Archstone-Smith Trust 32,138 1,932,779
AvalonBay Communities, Inc. 11,768 1,389,330
Boston Properties, Inc. 13,211 1,372,623
Equity Residential 31,883 1,350,564
General Growth Properties, Inc. 40,597 2,176,811
Host Hotels & Resorts, Inc.(a) 74,403 1,669,603
Kimco Realty Corp. 44,547 2,013,970
ProLogis 25,142 1,668,172
Simon Property Group, Inc.(a) 19,549 1,954,900
Vornado Realty Trust 14,351 1,569,282
------------
Total REITS 17,098,034
----------------------------------------------------------------------------------
Retail - 1.7%
Home Depot, Inc. (The) 41,408 1,343,276
McDonald's Corp. 45,003 2,451,313
------------
Total Retail 3,794,589
----------------------------------------------------------------------------------
Savings & Loans - 1.2%
Washington Mutual, Inc. 71,247 2,515,732
----------------------------------------------------------------------------------
Telecommunications - 5.4%
AT&T, Inc. 122,060 5,164,358
Embarq Corp. 50,403 2,802,407
Verizon Communications, Inc. 87,377 3,869,054
------------
Total Telecommunications 11,835,819
----------------------------------------------------------------------------------
Toys/Games/Hobbies - 1.2%
Mattel, Inc. 106,813 2,505,833
----------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $209,813,418) 217,466,621
==================================================================================
SHORT-TERM INVESTMENT - 0.9%
MONEY MARKET FUND - 0.9%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $1,930,553) 1,930,553 1,930,553
==================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 7.4%
MONEY MARKET FUNDS(c) - 7.4%
UBS Enhanced Yield Portfolio, 5.38% 9,874,634 9,874,634
UBS Private Money Market Fund LLC, 5.21% 6,277,366 6,277,366
------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED
(Cost: $16,152,000)(d) 16,152,000
==================================================================================
TOTAL INVESTMENTS IN SECURITIES - 108.0%
(Cost: $227,895,971)(e) 235,549,174
Liabilities in Excess of Other Assets - (8.0)% (17,391,598)
============
NET ASSETS - 100.0% $218,157,576
==================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $15,665,682 and the total market value of the collateral held by
the Fund was $16,152,000.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 31
Schedule of Investments (unaudited)
WisdomTree MidCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Advertising - 0.0%
Harte-Hanks, Inc. 2,597 $ 51,109
-------------------------------------------------------------------------
Aerospace/Defense - 0.6%
DRS Technologies, Inc. 1,338 73,751
Goodrich Corp. 7,605 518,889
---------
Total Aerospace/Defense 592,640
-------------------------------------------------------------------------
Agriculture - 0.9%
Loews Corp. 11,353 933,557
-------------------------------------------------------------------------
Apparel - 0.4%
Columbia Sportswear Co. 1,340 74,115
Liz Claiborne, Inc. 3,264 112,053
Phillips-Van Heusen Corp. 715 37,523
Polo Ralph Lauren Corp. 1,277 99,287
Wolverine World Wide, Inc. 2,060 56,444
---------
Total Apparel 379,422
-------------------------------------------------------------------------
Auto Manufacturers - 0.1%
Oshkosh Truck Corp. 2,189 135,652
-------------------------------------------------------------------------
Auto Parts & Equipment - 0.2%
BorgWarner, Inc. 2,397 219,397
-------------------------------------------------------------------------
Banks - 6.9%
Associated Banc-Corp 16,853 499,354
BancorpSouth, Inc. 8,784 213,451
Bank of Hawaii Corp. 5,727 302,672
BOK Financial Corp. 2,802 144,051
Cathay General Bancorp 2,107 67,866
City National Corp. 4,060 282,211
Colonial BancGroup, Inc. (The) 16,821 363,670
Commerce Bancorp, Inc. 9,093 352,627
Commerce Bancshares, Inc. 4,629 212,425
Cullen/Frost Bankers, Inc. 4,769 239,022
East West Bancorp, Inc. 1,582 56,889
First Citizens BancShares, Inc. Class A 327 57,029
First Horizon National Corp.(a) 21,320 568,391
First Midwest Bancorp, Inc. 5,669 193,653
FirstMerit Corp. 16,449 325,032
Fulton Financial Corp. 21,706 312,132
Hancock Holding Co. 2,065 82,765
Huntington Bancshares, Inc. 51,212 869,580
International Bancshares Corp. 6,200 134,540
People's United Financial, Inc. 23,605 407,894
South Financial Group, Inc. (The) 9,097 206,866
TCF Financial Corp. 16,698 437,154
Trustmark Corp. 5,459 153,070
Umpqua Holdings Corp. 6,764 135,348
Valley National Bancorp 14,029 311,163
Webster Financial Corp. 4,630 195,016
Wilmington Trust Corp. 7,618 296,340
---------
Total Banks 7,420,211
-------------------------------------------------------------------------
Beverages - 1.6%
Brown-Forman Corp. Class A 3,403 265,434
Brown-Forman Corp. Class B 4,088 306,232
Molson Coors Brewing Co. Class B 4,294 427,983
Pepsi Bottling Group, Inc. 11,443 425,336
PepsiAmericas, Inc. 10,386 336,922
---------
Total Beverages 1,761,907
-------------------------------------------------------------------------
Building Materials - 0.7%
Eagle Materials, Inc. 2,741 97,963
Florida Rock Industries, Inc. 3,715 232,150
Lennox International, Inc. 3,727 125,973
Martin Marietta Materials, Inc. 1,790 239,055
Texas Industries, Inc. 422 33,127
---------
Total Building Materials 728,268
-------------------------------------------------------------------------
Chemicals - 4.6%
Airgas, Inc. 1,845 95,257
Albemarle Corp. 3,497 154,567
Ashland, Inc. 3,701 222,837
Cabot Corp. 4,336 154,058
Celanese Corp. Series A 4,555 177,554
Chemtura Corp. 18,866 167,719
Cytec Industries, Inc. 1,213 82,957
Eastman Chemical Co. 8,648 577,081
FMC Corp. 2,728 141,911
International Flavors & Fragrances, Inc. 5,426 286,818
Kronos Worldwide, Inc. 5,509 104,010
Lubrizol Corp. 5,303 345,013
Lyondell Chemical Co. 32,859 1,523,015
RPM International, Inc. 14,867 356,065
Sigma-Aldrich Corp. 5,032 245,260
Valhi, Inc. 5,912 140,410
Valspar Corp. (The) 5,556 151,179
Westlake Chemical Corp. 2,012 50,964
---------
Total Chemicals 4,976,675
-------------------------------------------------------------------------
Coal - 0.4%
Arch Coal, Inc. 3,325 112,186
CONSUL Energy, Inc. 4,703 219,159
Foundation Coal Holdings, Inc. 914 35,829
Massey Energy Co. 1,900 41,458
---------
Total Coal 408,632
-------------------------------------------------------------------------
Commercial Services - 1.2%
Corporate Executive Board Co. 1,703 126,431
DeVry, Inc. 942 34,863
Equifax, Inc. 1,752 66,786
Manpower, Inc. 2,962 190,605
Pharmaceutical Product Development, Inc. 2,090 74,070
Robert Half International, Inc. 5,114 152,704
Service Corp. International 12,930 166,797
Sotheby's Class A 2,973 142,080
Watson Wyatt Worldwide, Inc. Class A 867 38,963
Weight Watchers International, Inc. 4,821 277,496
---------
Total Commercial Services 1,270,795
-------------------------------------------------------------------------
See Notes to Financial Statements.
32 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
Computers - 0.3%
Diebold, Inc. 4,375 $ 198,713
Factset Research Systems, Inc. 754 51,687
Jack Henry & Associates, Inc. 2,762 71,425
----------
Total Computers 321,825
--------------------------------------------------------------------------
Cosmetics/Personal Care - 0.4%
Alberto-Culver Co. 10,720 265,748
Estee Lauder Cos., Inc. (The) Class A 4,997 212,173
----------
Total Cosmetics/Personal Care 477,921
--------------------------------------------------------------------------
Distribution/Wholesale - 0.9%
CDW Corp. 1,930 168,296
Fastenal Co. 5,829 264,695
Pool Corp.(a) 2,488 62,150
W.W. Grainger, Inc. 4,877 444,734
----------
Total Distribution/Wholesale 939,875
--------------------------------------------------------------------------
Diversified Financial Services - 2.7%
Eaton Vance Corp. 6,869 274,485
Federated Investors, Inc. Class B 7,905 313,829
Greenhill & Co., Inc. 1,267 77,350
International Securities Exchange, Inc. 499 33,169
Janus Capital Group, Inc. 1,964 55,542
Jefferies Group, Inc. 7,259 202,018
National Financial Partners Corp. 2,129 112,794
Nuveen Investments, Inc. Class A 5,224 323,575
optionsXpress Holdings, Inc. 1,909 49,901
Raymond James Financial, Inc. 5,581 183,336
Student Loan Corp. 2,205 397,605
Thornburg Mortgage, Inc.(a) 52,376 673,031
Waddell & Reed Financial, Inc. Class A 7,155 193,400
----------
Total Diversified Financial Services 2,890,035
--------------------------------------------------------------------------
Electric - 9.6%
Alliant Energy Corp. 13,490 516,937
CenterPoint Energy, Inc. 43,736 701,088
DPL, Inc. 16,287 427,697
Energy East Corp. 25,539 690,830
Great Plains Energy, Inc. 16,460 474,213
Hawaiian Electric Industries, Inc. 14,310 310,670
IDACORP, Inc. 5,116 167,498
Integrys Energy Group, Inc. 12,660 648,572
ITC Holdings Corp. 6,540 324,057
MDU Resources Group, Inc. 14,420 401,453
Northeast Utilities 15,859 453,092
NSTAR 14,609 508,539
OGE Energy Corp. 12,560 415,736
Pepco Holdings, Inc. 29,146 789,274
Pinnacle West Capital Corp. 16,198 639,983
PNM Resources, Inc. 9,265 215,689
Portland General Electric Co. 7,233 201,077
Puget Energy, Inc. 17,207 421,055
SCANA Corp. 17,314 670,744
TECO Energy, Inc. 35,926 590,264
Westar Energy, Inc. 13,347 327,802
Wisconsin Energy Corp. 8,968 403,829
----------
Total Electric 10,300,099
--------------------------------------------------------------------------
Electrical Components & Equipment - 0.7%
AMETEK, Inc. 2,552 110,297
Belden CDT, Inc. 1,172 54,979
Hubbell, Inc. Class B 4,689 267,835
Molex, Inc. 3,831 103,169
Molex, Inc. Class A 3,563 90,358
National Instruments Corp. 2,281 78,307
----------
Total Electrical Components & Equipment 704,945
--------------------------------------------------------------------------
Electronics - 1.0%
Amphenol Corp. Class A 1,366 54,312
Applera Corp. 2,921 101,183
AVX Corp. 7,254 116,789
Brady Corp. Class A 2,816 101,038
Gentex Corp. 11,224 240,644
Jabil Circuit, Inc. 8,058 184,045
PerkinElmer, Inc. 7,337 214,314
Tektronix, Inc. 2,437 67,602
----------
Total Electronics 1,079,927
--------------------------------------------------------------------------
Engineering & Construction - 0.1%
Granite Construction, Inc. 1,528 81,015
--------------------------------------------------------------------------
Entertainment - 0.1%
International Speedway Corp. Class A 1,883 86,354
Speedway Motorsports, Inc. 1,338 49,506
----------
Total Entertainment 135,860
--------------------------------------------------------------------------
Environmental Control - 0.3%
Republic Services, Inc. 10,304 337,044
--------------------------------------------------------------------------
Food - 2.2%
Corn Products International, Inc. 2,512 115,225
Del Monte Foods Co. 10,536 110,628
Flowers Foods, Inc. 6,869 149,744
Hormel Foods Corp. 7,339 262,589
J.M. Smucker Co. (The) 5,112 273,083
McCormick & Co., Inc. 8,398 302,076
Pilgrim's Pride Corp. 659 22,887
Seaboard Corp. 15 29,400
SUPERVALU Inc. 13,962 544,659
Tyson Foods, Inc. Class A 9,458 168,825
Whole Foods Market, Inc.(a) 7,799 381,839
----------
Total Food 2,360,955
--------------------------------------------------------------------------
Forest Products & Paper - 2.3%
Louisiana-Pacific Corp. 10,156 172,347
MeadWestvaco Corp. 20,080 592,962
Plum Creek Timber Co., Inc. 27,784 1,243,612
Temple-Inland, Inc. 9,666 508,722
----------
Total Forest Products & Paper 2,517,643
--------------------------------------------------------------------------
Gas - 3.2%
AGL Resources, Inc. 11,531 456,858
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------
Atmos Energy Corp. 12,623 $ 357,483
Energen Corp. 3,202 182,898
Nicor, Inc. 6,890 295,581
NiSource, Inc. 39,676 759,400
Piedmont Natural Gas Co., Inc.(a) 9,926 249,043
Southern Union Co. 7,951 247,356
UGI Corp. 9,891 256,968
Vectren Corp. 13,020 355,316
WGL Holdings, Inc. 7,753 262,749
---------
Total Gas 3,423,652
----------------------------------------------------------------------------
Hand/Machine Tools - 1.3%
Black & Decker Corp. (The) 4,359 363,105
Kennametal, Inc. 1,821 152,928
Lincoln Electric Holdings, Inc. 2,201 170,820
Snap-On, Inc. 5,070 251,168
Stanley Works (The) 7,402 415,473
---------
Total Hand/Machine Tools 1,353,494
----------------------------------------------------------------------------
Healthcare-Products - 0.9%
Bausch & Lomb, Inc. 2,069 132,416
Beckman Coulter, Inc. 2,088 154,011
Cooper Cos., Inc. (The) 1,245 65,263
Dade Behring Holdings, Inc. 1,558 118,953
DENTSPLY International, Inc. 2,618 109,014
Hillenbrand Industries, Inc. 4,017 221,015
Mentor Corp. 2,006 92,376
STERIS Corp. 3,008 82,209
---------
Total Healthcare-Products 975,257
----------------------------------------------------------------------------
Healthcare-Services - 0.8%
Brookdale Senior Living, Inc.(a) 13,605 541,615
Manor Care, Inc. 3,341 215,160
Universal Health Services, Inc. Class B 1,752 95,344
---------
Total Healthcare-Services 852,119
----------------------------------------------------------------------------
Holding Companies-Diversified - 0.3%
Leucadia National Corp. 5,169 249,250
Walter Industries, Inc. 1,406 37,821
---------
Total Holding Companies-Diversified 287,071
----------------------------------------------------------------------------
Home Builders - 0.4%
Beazer Homes USA, Inc.(a) 4,524 37,323
Centex Corp. 2,495 66,292
MDC Holdings, Inc. 3,446 141,079
Ryland Group, Inc. (The) 2,954 63,304
Standard-Pacific Corp. 4,646 25,507
Thor Industries, Inc. 1,621 72,929
---------
Total Home Builders 406,434
----------------------------------------------------------------------------
Home Furnishings - 0.5%
Harman International Industries, Inc. 442 38,242
Whirlpool Corp. 6,052 539,233
---------
Total Home Furnishings 577,475
----------------------------------------------------------------------------
Household Products/Wares - 0.6%
Avery Dennison Corp. 9,192 524,127
Church & Dwight Co., Inc. 1,593 74,935
Scotts Miracle-Gro Co. (The) Class A 2,098 89,690
---------
Total Household Products/Wares 688,752
----------------------------------------------------------------------------
Housewares - 0.1%
Toro Co. (The) 1,255 73,832
----------------------------------------------------------------------------
Insurance - 6.3%
American Financial Group, Inc. 4,440 126,496
American National Insurance Co. 2,587 340,320
Arthur J. Gallagher & Co. 14,187 410,997
Assurant, Inc. 3,384 181,044
Brown & Brown, Inc. 4,597 120,901
Commerce Group, Inc. 7,879 232,194
Delphi Financial Group, Inc. Class A 1,113 44,987
Erie Indemnity Co. Class A 5,049 308,645
Fidelity National Title Group, Inc. Class A 44,063 770,222
First American Corp. 6,550 239,861
Hanover Insurance Group, Inc. (The) 1,381 61,026
HCC Insurance Holdings, Inc. 5,037 144,260
Mercury General Corp. 6,786 365,969
Nationwide Financial Services, Inc. Class A 3,359 180,781
Odyssey Re Holdings Corp. 1,447 53,698
Old Republic International Corp. 21,514 403,172
Phoenix Cos., Inc. (The) 5,201 73,386
PMI Group, Inc. (The) 3,601 117,753
Protective Life Corp. 4,469 189,664
Radian Group, Inc. 5,049 117,541
Reinsurance Group of America, Inc. 1,485 84,185
Safeco Corp. 8,117 496,924
StanCorp Financial Group, Inc. 2,546 126,052
Torchmark Corp. 2,823 175,929
Transatlantic Holdings, Inc. 1,995 140,308
Unitrin, Inc. 8,333 413,233
UnumProvident Corp.(a) 17,781 435,102
W.R. Berkley Corp. 3,106 92,031
Wesco Financial Corp. 203 80,794
Zenith National Insurance Corp. 4,019 180,413
---------
Total Insurance 6,707,888
----------------------------------------------------------------------------
Investment Companies - 3.3%
Allied Capital Corp.(a) 41,990 1,234,086
American Capital Strategies Ltd.(a) 40,529 1,731,804
Apollo Investment Corp.(a) 26,415 549,432
---------
Total Investment Companies 3,515,322
----------------------------------------------------------------------------
Iron/Steel - 0.5%
Carpenter Technology Corp. 869 112,979
Cleveland-Cliffs, Inc. 1,618 142,335
Reliance Steel & Aluminum Co. 1,830 103,468
Steel Dynamics, Inc. 3,966 185,213
---------
Total Iron/Steel 543,995
----------------------------------------------------------------------------
Leisure Time - 0.3%
Brunswick Corp. 7,030 160,706
See Notes to Financial Statements.
34 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------------
Polaris Industries, Inc. 4,345 $ 189,529
---------
Total Leisure Time 350,235
---------------------------------------------------------------------------------
Lodging - 0.6%
Ameristar Casinos, Inc. 3,048 85,649
Boyd Gaming Corp. 4,107 175,985
Choice Hotels International, Inc. 3,114 117,304
Station Casinos, Inc. 3,418 299,007
---------
Total Lodging 677,945
---------------------------------------------------------------------------------
Machinery-Construction & Mining - 0.3%
Joy Global, Inc. 5,541 281,815
---------------------------------------------------------------------------------
Machinery-Diversified - 0.9%
Cummins, Inc. 4,389 561,310
Graco, Inc. 3,118 121,945
IDEX Corp. 3,418 124,381
Manitowoc Co., Inc. (The) 1,126 49,859
Nordson Corp. 1,634 82,043
---------
Total Machinery-Diversified 939,538
---------------------------------------------------------------------------------
Media - 1.4%
CBS Corp. Class A 6,610 208,281
Dow Jones & Co., Inc. 6,055 361,484
E.W. Scripps Co. (The) Class A 4,210 176,820
John Wiley & Sons, Inc. Class A 1,704 76,561
McClatchy Co. Class A 4,378 87,472
Meredith Corp. 1,604 91,909
New York Times Co. (The) Class A(a) 14,112 278,853
Washington Post Co. (The) Class B 300 240,840
---------
Total Media 1,522,220
---------------------------------------------------------------------------------
Metal Fabricate/Hardware - 0.6%
Commercial Metals Co. 3,594 113,750
Timken Co. (The) 7,185 266,922
Worthington Industries, Inc.(a) 11,260 265,286
---------
Total Metal Fabricate/Hardware 645,958
---------------------------------------------------------------------------------
Miscellaneous Manufacturing - 2.9%
Acuity Brands, Inc. 2,153 108,683
AptarGroup, Inc. 3,446 130,500
Brink's Co. (The) 690 38,557
Carlisle Cos., Inc. 2,801 136,129
CLARCOR, Inc. 1,595 54,565
Crane Co. 3,267 156,718
Donaldson Co., Inc. 2,811 117,387
Eastman Kodak Co. 20,535 549,517
Harsco Corp. 5,468 324,088
Leggett & Platt, Inc. 19,640 376,302
Pall Corp. 6,952 270,433
Pentair, Inc. 5,990 198,748
Roper Industries, Inc. 1,553 101,722
SPX Corp. 3,300 305,448
Teleflex, Inc. 2,364 184,203
Trinity Industries, Inc. 1,867 70,087
---------
Total Miscellaneous Manufacturing 3,123,087
---------------------------------------------------------------------------------
Office Furnishings - 0.1%
Herman Miller, Inc. 2,094 56,831
HNI Corp. 2,543 91,548
---------
Total Office Furnishings 148,379
---------------------------------------------------------------------------------
Office/Business Equipment - 0.1%
IKON Office Solutions, Inc. 5,289 67,964
---------------------------------------------------------------------------------
Oil & Gas - 1.0%
Cabot Oil & Gas Corp. 1,130 39,731
Cimarex Energy Co. 1,103 41,087
Frontier Oil Corp. 1,323 55,090
Helmerich & Payne, Inc. 2,753 90,381
Holly Corp. 1,311 78,437
Patterson-UTI Energy, Inc. 6,267 141,446
Pioneer Natural Resources Co. 2,710 121,896
Pogo Producing Co. 1,064 56,509
Range Resources Corp. 1,425 57,941
Rowan Cos., Inc. 4,264 155,976
St. Mary Land & Exploration Co. 418 14,910
Tesoro Corp. 2,748 126,463
W&T Offshore, Inc. 993 24,209
Western Refining, Inc. 1,213 49,224
---------
Total Oil & Gas 1,053,300
---------------------------------------------------------------------------------
Oil & Gas Services - 0.1%
Tidewater, Inc. 2,235 140,447
---------------------------------------------------------------------------------
Packaging & Containers - 1.3%
Ball Corp. 3,268 175,655
Bemis Co. 7,964 231,832
Packaging Corp. of America 16,586 482,156
Sealed Air Corp. 5,454 139,404
Silgan Holdings, Inc. 1,451 77,991
Sonoco Products Co. 8,797 265,493
---------
Total Packaging & Containers 1,372,531
---------------------------------------------------------------------------------
Pharmaceuticals - 0.1%
Medicis Pharmaceutical Corp. Class A 605 18,459
Omnicare, Inc. 1,702 56,387
---------
Total Pharmaceuticals 74,846
---------------------------------------------------------------------------------
Pipelines - 1.6%
Equitable Resources, Inc. 9,597 497,796
National Fuel Gas Co. 9,577 448,299
ONEOK, Inc. 11,632 551,358
Questar Corp. 4,529 237,908
---------
Total Pipelines 1,735,361
---------------------------------------------------------------------------------
Real Estate - 0.2%
Forest City Enterprises, Inc. Class A 1,377 75,955
Jones Lang LaSalle, Inc. 1,228 126,190
---------
Total Real Estate 202,145
---------------------------------------------------------------------------------
REITS - 19.0%
Alexandria Real Estate Equities, Inc. 3,294 317,080
AMB Property Corp. 9,812 586,856
Apartment Investment & Management Co. Class A(a) 14,634 660,432
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 35
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
BioMed Realty Trust, Inc.(a) 11,215 $ 270,282
Brandywine Realty Trust 17,219 435,813
BRE Properties, Inc. Class A 5,818 325,401
Camden Property Trust 7,165 460,351
Corporate Office Properties Trust 4,351 181,132
Cousins Properties, Inc. 9,584 281,386
Developers Diversified Realty Corp. 14,224 794,695
Digital Realty Trust, Inc. 5,833 229,762
Duke Realty Corp. 21,328 721,100
Equity One, Inc.(a) 13,255 360,536
Essex Property Trust, Inc. 2,310 271,587
Federal Realty Investment Trust 5,449 482,781
First Industrial Realty Trust, Inc. 9,169 356,399
HCP, Inc. 35,446 1,175,744
Health Care REIT, Inc. 15,076 666,962
Highwoods Properties, Inc. 9,520 349,098
Home Properties, Inc. 5,851 305,305
Hospitality Properties Trust 17,441 708,977
HRPT Properties Trust 54,978 543,732
iStar Financial, Inc. 31,407 1,067,524
Kilroy Realty Corp. 3,303 200,261
LaSalle Hotel Properties 6,497 273,394
Liberty Property Trust 17,050 685,581
Macerich Co. (The) 9,022 790,147
Mack-Cali Realty Corp. 11,559 475,075
Nationwide Health Properties, Inc. 17,767 535,320
Post Properties, Inc. 6,182 239,243
Potlatch Corp. 6,932 312,148
Rayonier, Inc. 14,554 699,174
Realty Income Corp.(a) 20,558 574,596
Regency Centers Corp. 8,071 619,449
Senior Housing Properties Trust 19,037 419,956
SL Green Realty Corp. 4,790 559,328
Strategic Hotels & Resorts, Inc. 13,796 284,060
Taubman Centers, Inc. 4,895 268,001
UDR, Inc. 19,081 464,050
Ventas, Inc. 15,447 639,506
Washington Real Estate Investment Trust 6,408 212,617
Weingarten Realty Investors 13,556 562,032
----------
Total REITS 20,366,873
-------------------------------------------------------------------------------
Retail - 2.7%
Abercrombie & Fitch Co. Class A 3,301 266,391
Advance Auto Parts, Inc. 3,170 106,385
American Eagle Outfitters, Inc. 8,901 234,185
Applebees International, Inc. 2,222 55,283
Barnes & Noble, Inc. 4,217 148,691
bebe stores, inc. 3,579 52,361
Brinker International, Inc. 5,048 138,517
Darden Restaurants, Inc. 5,770 241,532
Dillard's, Inc. Class A 3,245 70,838
Family Dollar Stores, Inc. 8,722 231,656
Men's Wearhouse, Inc. (The) 1,183 59,765
MSC Industrial Direct Co. Class A 2,773 140,286
Penske Auto Group, Inc. 6,333 128,180
PetSmart, Inc. 1,904 60,738
RadioShack Corp. 8,195 169,309
Regis Corp. 640 20,422
Ross Stores, Inc. 4,286 109,893
Tiffany & Co. 5,492 287,507
Wendy's International, Inc. 4,372 152,627
Williams-Sonoma, Inc. 5,195 169,461
----------
Total Retail 2,844,027
-------------------------------------------------------------------------------
Savings & Loans - 3.0%
Astoria Financial Corp. 11,993 318,174
Capitol Federal Financial 14,585 498,807
Downey Financial Corp. 1,629 94,156
Hudson City Bancorp, Inc. 45,219 695,468
New York Community Bancorp, Inc. 66,024 1,257,757
NewAlliance Bancshares, Inc. 6,967 102,276
Washington Federal, Inc. 10,472 274,995
----------
Total Savings & Loans 3,241,633
-------------------------------------------------------------------------------
Semiconductors - 0.9%
Intersil Corp. Class A 5,238 175,106
Microchip Technology, Inc. 22,421 814,331
----------
Total Semiconductors 989,437
-------------------------------------------------------------------------------
Software - 0.7%
Acxiom Corp. 2,835 56,105
Fair Isaac Corp. 418 15,094
Fidelity National Information Services, Inc. 3,296 146,244
Global Payments, Inc. 380 16,804
IMS Health, Inc. 3,230 98,967
MoneyGram International, Inc. 2,421 54,690
SEI Investments Co. 4,955 135,172
Total System Services, Inc. 7,225 200,710
----------
Total Software 723,786
-------------------------------------------------------------------------------
Telecommunications - 3.3%
CenturyTel, Inc. 3,435 158,766
Citizens Communications Co. 78,419 1,122,960
Harris Corp. 4,749 274,445
Telephone & Data Systems, Inc. 2,248 150,054
Telephone & Data Systems, Inc. Special Shares 2,301 142,662
Windstream Corp. 120,856 1,706,486
----------
Total Telecommunications 3,555,373
-------------------------------------------------------------------------------
Textiles - 0.2%
Cintas Corp. 4,630 171,773
-------------------------------------------------------------------------------
Toys/Games/Hobbies - 0.3%
Hasbro, Inc. 11,522 321,233
-------------------------------------------------------------------------------
Transportation - 0.8%
Alexander & Baldwin, Inc. 3,347 167,785
Con-way, Inc. 1,523 70,058
JB Hunt Transport Services, Inc. 7,747 203,746
Landstar System, Inc. 680 28,540
Overseas Shipholding Group, Inc. 2,571 197,530
See Notes to Financial Statements.
36 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree MidCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
Ryder System, Inc. 3,146 $ 154,154
------------
Total Transportation 821,813
-------------------------------------------------------------------------------
Trucking & Leasing - 0.1%
GATX Corp. 3,458 147,830
-------------------------------------------------------------------------------
Water - 0.2%
Aqua America, Inc. 9,008 204,301
-------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $107,677,912) 106,154,550
===============================================================================
SHORT-TERM INVESTMENT - 0.8%
MONEY MARKET FUND - 0.8%
United States - 0.8%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $815,121) 815,121 815,121
===============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 7.2%
MONEY MARKET FUNDS(c) - 7.2%
AIM Prime Portfolio, 5.08% 69 69
UBS Enhanced Yield Portfolio, 5.38%, 4,597,094 4,597,094
UBS Private Money Market Fund LLC, 5.21% 3,167,288 3,167,288
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $7,764,451)(d) 7,764,451
===============================================================================
TOTAL INVESTMENTS IN SECURITIES - 107.1%
(Cost: $116,257,484)(e) 114,734,122
Liabilities in Excess of Other Assets - (7.1)% (7,638,612)
------------
NET ASSETS - 100.0% $107,095,510
===============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $7,420,490 and the total market value of the collateral held by
the Fund was $7,764,451.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 37
Schedule of Investments (unaudited)
WisdomTree Smallcap Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Aerospace/Defense - 0.5%
Curtiss-Wright Corp. 3,265 $ 155,088
EDO Corp. 1,526 85,471
HEICO Corp. 271 13,377
HEICO Corp. Class A 656 25,912
Kaman Corp. 6,532 225,745
Triumph Group, Inc. 663 54,174
United Industrial Corp. 1,090 82,033
---------
Total Aerospace/Defense 641,800
-----------------------------------------------------------------------------
Agriculture - 1.7%
Alico, Inc. 1,808 78,359
Andersons, Inc. (The) 889 42,690
Universal Corp. 12,038 589,260
Vector Group Ltd.(a) 65,242 1,462,073
---------
Total Agriculture 2,172,382
-----------------------------------------------------------------------------
Airlines - 0.1%
Skywest, Inc. 3,799 95,621
-----------------------------------------------------------------------------
Apparel - 0.6%
Cherokee, Inc.(a) 9,182 352,222
Delta Apparel, Inc. 2,109 36,064
Kellwood Co. 6,700 114,235
K-Swiss, Inc. Class A 2,133 48,867
Oxford Industries, Inc. 2,731 98,644
Weyco Group, Inc. 2,223 69,824
---------
Total Apparel 719,856
-----------------------------------------------------------------------------
Auto Manufacturers - 0.0%
Wabash National Corp. 4,666 52,679
-----------------------------------------------------------------------------
Auto Parts & Equipment - 1.8%
American Axle & Manufacturing Holdings, Inc. 23,766 600,092
ArvinMeritor, Inc. 21,324 358,670
Cooper Tire & Rubber Co. 26,622 649,577
Modine Manufacturing Co. 10,881 289,652
Noble International Ltd. 3,022 64,338
Spartan Motors, Inc. 3,791 63,803
Standard Motor Products, Inc. 1,520 14,288
Superior Industries International, Inc.(a) 10,347 224,426
Titan International, Inc. 270 8,618
---------
Total Auto Parts & Equipment 2,273,464
-----------------------------------------------------------------------------
Banks - 17.7%
1st Source Corp. 6,785 155,377
1st State Bancorp., Inc. 5,113 100,419
Access National Corp. 1,718 13,572
Alabama National BanCorp. 5,420 422,327
Alliance Financial Corp. 2,069 51,725
AMCORE Financial, Inc. 7,483 186,477
American River Bankshares 1,601 35,222
Americanwest Bancorp 3,420 67,066
Ameris Bancorp 5,356 96,836
Arrow Financial Corp. 4,867 108,437
BancFirst Corp. 2,398 107,598
Bancorp Rhode Island, Inc. 771 27,571
BancTrust Financial Group, Inc. 3,740 59,541
Bank Mutual Corp. 16,337 192,613
Bank of Granite Corp. 6,054 82,213
Bank of the Ozarks, Inc. 2,300 70,219
Banner Corp. 2,549 87,660
Beverly Hills Bancorp, Inc. 19,691 121,887
Boston Private Financial Holdings, Inc.(a) 4,677 130,208
Bryn Mawr Bank Corp. 2,028 44,129
Cadence Financial Corp. 9,195 161,832
Camden National Corp. 1,453 50,826
Capital City Bank Group, Inc.(a) 4,159 129,761
Capitol Bancorp Ltd. 2,018 50,107
Cardinal Financial Corp. 1,248 12,468
Cass Information Systems, Inc. 1,455 52,045
Center Bancorp, Inc. 3,304 39,714
Centerstate Banks of Florida, Inc. 983 15,531
Central Pacific Financial Corp. 9,486 276,991
Chemical Financial Corp. 10,667 258,675
Chittenden Corp. 16,680 586,469
Citizens Banking Corp. 41,154 662,991
City Holding Co. 5,924 215,693
CoBiz, Inc. 2,468 42,252
Columbia Bancorp 1,938 38,392
Columbia Banking System, Inc. 3,223 102,556
Community Bank System, Inc. 11,498 224,441
Community Banks, Inc. 8,628 257,028
Community Trust Bancorp, Inc. 4,661 140,016
Corus Bankshares, Inc.(a) 34,513 449,360
CVB Financial Corp. 26,282 307,499
Enterprise Financial Services Corp. 1,178 28,673
Financial Institutions, Inc. 4,649 84,053
First Bancorp 6,255 127,477
First Busey Corp.(a) 6,511 142,656
First Charter Corp. 13,076 394,503
First Commonwealth Financial Corp.(a) 44,947 497,114
First Community Bancorp 9,595 524,941
First Community Bancshares, Inc. 3,817 138,290
First Financial Bancorp 19,214 245,555
First Financial Bankshares, Inc. 7,453 299,462
First Financial Corp. 4,138 125,381
First Indiana Corp. 6,251 195,781
First Merchants Corp. 9,727 209,714
First Mutual Bancshares, Inc. 1,120 29,893
First Security Group, Inc. 3,835 38,350
First South Bancorp, Inc. 2,661 69,612
Firstbank Corp. 3,098 51,148
FNB Corp./PA 42,596 704,538
FNB Corp./VA 1,910 57,472
FNB United Corp. 7,423 118,620
Fremont General Corp. 24,707 96,357
See Notes to Financial Statements.
38 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------------
Frontier Financial Corp.(a) 10,330 $ 240,999
Gateway Financial Holdings, Inc. 5,177 81,486
German American Bancorp 5,043 69,291
Glacier Bancorp, Inc. 12,365 278,460
Great Southern Bancorp, Inc. 3,196 79,389
Greene County Bancshares, Inc. 1,457 53,108
Hanmi Financial Corp. 6,865 106,338
Harleysville National Corp. 14,404 228,879
Heartland Financial USA, Inc. 4,790 98,435
Heritage Commerce Corp. 1,502 31,797
Home Bancshares, Inc. 980 21,354
Horizon Financial Corp. 2,684 54,432
IBERIABANK Corp. 2,566 135,100
Independent Bank Corp./MA 3,127 92,872
Independent Bank Corp./MI 3,510 38,786
Integra Bank Corp. 682 12,365
Irwin Financial Corp. 1,293 14,249
Lakeland Bancorp, Inc.(a) 10,551 143,282
Lakeland Financial Corp. 2,833 65,470
Macatawa Bank Corp. 518 7,009
MainSource Financial Group, Inc. 6,669 117,574
MB Financial, Inc. 9,182 317,238
MBT Financial Corp. 13,240 158,483
Merchants Bancshares, Inc. 3,535 82,189
MetroCorp Bancshares, Inc. 1,551 24,971
Midwest Banc Holdings, Inc. 912 13,470
Nara Bancorp, Inc. 1,494 23,336
National Penn Bancshares, Inc.(a) 20,182 330,177
NBT Bancorp, Inc. 13,271 288,512
North Valley Bancorp 2,283 51,504
Northrim Bancorp, Inc. 1,428 35,557
Oak Hill Financial, Inc. 1,980 61,895
Old National Bancorp 40,531 671,599
Old Second Bancorp, Inc. 2,665 75,953
Omega Financial Corp.(a) 7,530 198,867
PAB Bankshares, Inc. 2,929 48,534
Pacific Capital Bancorp 15,835 416,461
Pacific Continental Corp. 2,552 39,913
Park National Corp. 6,608 576,218
Patriot National Bancorp, Inc. 415 8,300
Peoples Bancorp, Inc. 5,482 143,519
Preferred Bank 1,616 63,573
PrivateBancorp, Inc. 1,414 49,264
Prosperity Bancshares, Inc. 6,007 199,192
Provident Bankshares Corp. 14,054 440,312
Renasant Corp. 100 2,163
Republic Bancorp, Inc. Class A 3,199 50,672
Royal Bancshares of Pennsylvania, Inc. Class A 6,028 132,134
S&T Bancorp, Inc. 10,783 346,026
S.Y. Bancorp, Inc. 3,613 97,696
Sandy Spring Bancorp, Inc. 3,958 119,214
SCBT Financial Corp. 1,805 62,345
Seacoast Banking Corp. of Florida 2,443 45,684
Sierra Bancorp 2,168 62,135
Simmons First National Corp. Class A 4,140 109,047
Southside Bancshares, Inc. 2,486 54,916
Southwest Bancorp, Inc. 4,216 79,345
State Bancorp, Inc. 4,246 69,210
Sterling Bancorp 8,871 124,194
Sterling Bancshares, Inc. 11,818 134,843
Sterling Financial Corp./WA 4,381 117,893
Suffolk Bancorp(a) 2,768 88,742
Susquehanna Bancshares, Inc. 24,582 494,098
Taylor Capital Group, Inc. 990 27,651
Tompkins Trustco, Inc. 3,103 123,189
Trico Bancshares 3,291 73,291
TrustCo Bank Corp.(a) 58,083 634,847
UCBH Holdings, Inc. 9,794 171,199
UMB Financial Corp. 8,160 349,738
Union Bankshares Corp. 3,904 88,660
United Bankshares, Inc. 14,754 449,112
United Community Banks, Inc. 4,397 107,814
United Security Bancshares(a) 3,517 66,120
Univest Corp. of Pennsylvania 4,364 103,514
USB Holding Co., Inc. 6,056 140,680
Vineyard National Bancorp 4,426 74,003
Washington Banking Co 1,353 27,317
Washington Trust Bancorp, Inc. 4,253 114,703
WesBanco, Inc.(a) 10,128 252,998
West Bancorp, Inc.(a) 7,283 113,032
West Coast Bancorp 2,427 68,951
Westamerica Bancorp.(a) 11,075 551,645
Wintrust Financial Corp. 1,788 76,330
Yardville National Bancorp 1,639 55,120
----------
Total Banks 22,565,317
--------------------------------------------------------------------------------
Beverages - 0.1%
Coca-Cola Bottling Co. Consolidated 1,216 73,325
Farmer Bros. Co. 3,984 99,122
----------
Total Beverages 172,447
--------------------------------------------------------------------------------
Building Materials - 0.5%
AAON, Inc. 3,065 60,472
Apogee Enterprises, Inc. 5,759 149,388
Comfort Systems USA, Inc. 4,706 66,825
LSI Industries, Inc. 8,131 166,848
Simpson Manufacturing Co., Inc.(a) 5,752 183,202
Universal Forest Products, Inc. 610 18,239
----------
Total Building Materials 644,974
--------------------------------------------------------------------------------
Chemicals - 3.4%
A. Schulman, Inc. 8,037 158,570
Aceto Corp. 5,340 48,060
American Vanguard Corp. 1,081 21,101
Arch Chemicals, Inc. 6,812 319,347
Balchem Corp. 743 15,165
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 39
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------------
CF Industries Holdings, Inc. 2,538 $ 192,660
Ferro Corp. 13,808 275,884
Georgia Gulf Corp.(a) 6,250 86,875
H.B. Fuller Co. 6,252 185,559
Minerals Technologies, Inc. 755 50,585
NewMarket Corp. 1,742 86,020
NL Industries, Inc.(a) 25,374 287,487
Olin Corp. 45,873 1,026,638
Penford Corp. 1,603 60,433
Quaker Chemical Corp. 4,645 109,250
Sensient Technologies Corp. 14,869 429,268
Spartech Corp. 6,186 105,533
Stepan Co. 2,921 90,288
Tronox, Inc. Class A 2,916 27,119
Tronox, Inc. Class B 3,818 34,477
UAP Holding Corp. 21,779 682,989
Wellman, Inc. 9,488 22,771
---------
Total Chemicals 4,316,079
----------------------------------------------------------------------------------
Commercial Services - 3.9%
Aaron Rents, Inc. 1,424 31,755
ABM Industries, Inc. 12,447 248,691
Administaff, Inc. 2,610 94,743
Advance America, Cash Advance Centers, Inc. 29,042 309,878
Arbitron, Inc. 3,226 146,267
Bowne & Co., Inc. 4,553 75,853
CDI Corp. 3,824 106,613
Chemed Corp. 2,364 146,946
Coinmach Service Corp. Class A 27,925 334,821
Collectors Universe, Inc. 2,440 34,355
CPI Corp. 1,128 43,451
Deluxe Corp. 27,404 1,009,563
Diamond Management & Technology Consultants, Inc. 10,060 92,552
Gevity HR, Inc. 4,688 48,052
Healthcare Services Group, Inc. 10,674 216,362
Heartland Payment Systems, Inc.(a) 1,388 35,672
Jackson Hewitt Tax Service, Inc. 5,356 149,754
Kelly Services, Inc. Class A 6,920 137,085
Landauer, Inc. 3,723 189,724
MAXIMUS, Inc. 3,456 150,612
McGrath Rentcorp 5,891 195,817
Monro Muffler, Inc. 1,286 43,454
Multi-Color Corp. 632 14,422
Pre-Paid Legal Services, Inc. 5,922 328,434
Rollins, Inc. 9,495 253,422
Stewart Enterprises, Inc. Class A 18,155 138,341
Strayer Education, Inc. 1,888 318,373
Thomas Group, Inc. 2,663 24,340
Viad Corp. 1,120 40,320
---------
Total Commercial Services 4,959,672
----------------------------------------------------------------------------------
Computers - 0.4%
Agilysys, Inc.(a) 5,674 95,891
Imation Corp. 4,963 121,742
Integral Systems, Inc. 1,168 25,100
MTS Systems Corp. 2,560 106,496
Syntel, Inc. 3,924 163,160
---------
Total Computers 512,389
----------------------------------------------------------------------------------
Cosmetics/Personal Care - 0.0%
Inter Parfums, Inc. 2,646 62,631
----------------------------------------------------------------------------------
Distribution/Wholesale - 0.6%
BlueLinx Holdings, Inc. 21,522 151,515
Building Material Holding Corp. 3,639 38,501
Owens & Minor, Inc. 9,015 343,381
Watsco, Inc. 5,490 254,901
---------
Total Distribution/Wholesale 788,298
----------------------------------------------------------------------------------
Diversified Financial Services - 1.0%
Advanta Corp. Class A 4,161 101,404
Advanta Corp. Class B 8,115 222,513
Asta Funding, Inc.(a) 711 27,246
Calamos Asset Management, Inc. Class A 3,541 99,962
Cohen & Steers, Inc.(a) 5,906 218,699
Delta Financial Corp. 3,566 17,509
Federal Agricultural Mortgage Corp. Class C 3,225 94,686
Financial Federal Corp. 4,300 120,443
Friedman, Billings, Ramsey Group, Inc. 50,391 232,303
GAMCO Investors, Inc. Class A 198 10,850
Sanders Morris Harris Group, Inc. 3,869 39,270
SWS Group, Inc. 4,266 75,466
Westwood Holdings Group, Inc. 2,106 72,257
---------
Total Diversified Financial Services 1,332,608
----------------------------------------------------------------------------------
Electric - 4.1%
ALLETE, Inc. 11,112 497,373
Avista Corp. 13,712 279,039
Black Hills Corp. 15,423 632,652
Central Vermont Public Service Corp. 5,006 182,919
CH Energy Group, Inc. 7,644 365,383
Cleco Corp. 26,623 672,764
Empire District Electric Co. (The)(a) 18,897 426,883
MGE Energy, Inc. 9,914 331,524
NorthWestern Corp. 16,537 449,310
Ormat Technologies, Inc. 1,872 86,748
Otter Tail Corp. 12,996 463,307
UIL Holdings Corp. 12,598 396,837
UniSource Energy Corp. 9,964 297,824
Unitil Corp. 4,594 135,523
---------
Total Electric 5,218,086
----------------------------------------------------------------------------------
Electrical Components & Equipment - 0.2%
Hubbell, Inc. Class A(a) 2,599 154,927
Insteel Industries, Inc. 1,544 23,700
See Notes to Financial Statements.
40 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
Vicor Corp. 4,309 $ 52,225
---------
Total Electrical Components & Equipment 230,852
-------------------------------------------------------------------------
Electronics - 0.9%
Analogic Corp. 1,295 82,569
Badger Meter, Inc. 2,184 69,997
Bel Fuse, Inc. Class B 500 17,330
CTS Corp. 3,961 51,097
Cubic Corp. 2,791 117,696
Daktronics, Inc. 665 18,101
Frequency Electronics, Inc. 1,897 19,122
Methode Electronics, Inc. 7,837 117,947
Park Electrochemical Corp. 2,346 78,779
Sypris Solutions, Inc. 4,124 35,466
Technitrol, Inc. 6,158 165,959
Watts Water Technologies, Inc. Class A 3,009 92,376
Woodward Governor Co. 4,311 269,007
---------
Total Electronics 1,135,446
-------------------------------------------------------------------------
Energy-Alternate Sources - 0.0%
MGP Ingredients, Inc. 1,830 18,794
-------------------------------------------------------------------------
Entertainment - 1.1%
Carmike Cinemas, Inc. 1,705 31,321
Churchill Downs, Inc. 1,971 98,471
Dover Downs Gaming & Entertainment, Inc. 3,179 33,030
Regal Entertainment Group Class A(a) 56,245 1,234,578
---------
Total Entertainment 1,397,400
-------------------------------------------------------------------------
Environmental Control - 0.6%
American Ecology Corp. 6,035 127,882
Metal Management, Inc. 2,534 137,343
Met-Pro Corp. 2,637 42,667
Mine Safety Appliances Co. 9,594 451,972
Waste Industries USA, Inc. 2,050 58,671
---------
Total Environmental Control 818,535
-------------------------------------------------------------------------
Food - 1.5%
Arden Group, Inc. Class A 324 45,208
Cal-Maine Foods, Inc. 1,054 26,603
Diamond Foods, Inc. 1,210 24,999
Imperial Sugar Co. 1,541 40,266
Ingles Markets, Inc. Class A 3,072 88,044
J&J Snack Foods Corp. 2,083 72,530
Lance, Inc. 12,045 277,276
Nash Finch Co.(a) 5,418 215,799
Ruddick Corp. 8,941 299,881
Sanderson Farms, Inc. 4,006 166,930
Spartan Stores, Inc. 2,713 61,124
Tootsie Roll Industries, Inc. 3,925 104,130
Village Super Market, Inc. Class A 736 38,272
Weis Markets, Inc. 10,119 431,979
---------
Total Food 1,893,041
-------------------------------------------------------------------------
Forest Products & Paper - 1.2%
Bowater, Inc.(a) 28,074 418,864
Deltic Timber Corp. 892 50,773
Neenah Paper, Inc. 2,453 81,170
P.H. Glatfelter Co. 12,524 185,856
Rock-Tenn Co. Class A 6,061 175,163
Schweitzer-Mauduit International, Inc. 6,293 146,627
Wausau Paper Corp. 13,841 154,327
Xerium Technologies, Inc. 47,008 253,843
---------
Total Forest Products & Paper 1,466,623
-------------------------------------------------------------------------
Gas - 1.7%
Chesapeake Utilities Corp. 3,015 102,480
EnergySouth, Inc. 2,177 109,764
Laclede Group, Inc. (The) 9,731 314,117
New Jersey Resources Corp. 10,345 513,009
Northwest Natural Gas Co. 11,192 511,474
South Jersey Industries, Inc. 9,496 330,461
Southwest Gas Corp. 11,210 317,131
---------
Total Gas 2,198,436
-------------------------------------------------------------------------
Hand/Machine Tools - 0.5%
Baldor Electric Co. 8,560 341,972
Franklin Electric Co., Inc.(a) 2,353 96,732
Regal-Beloit Corp. 3,847 184,233
---------
Total Hand/Machine Tools 622,937
-------------------------------------------------------------------------
Healthcare-Products - 1.3%
Arrow International, Inc. 9,573 435,475
Datascope Corp. 1,544 52,203
Invacare Corp. 893 20,878
LCA-Vision Inc. 5,676 166,818
Meridian Bioscience, Inc. 8,419 255,263
Oakley, Inc. 7,299 211,890
PolyMedica Corp.(a) 4,090 214,807
Vital Signs, Inc. 1,165 60,743
West Pharmaceutical Services, Inc. 4,272 177,972
Young Innovations, Inc. 1,001 28,639
---------
Total Healthcare-Products 1,624,688
-------------------------------------------------------------------------
Healthcare-Services - 0.1%
National Healthcare Corp. 1,835 94,301
-------------------------------------------------------------------------
Holding Companies-Diversified - 0.0%
Resource America, Inc. Class A 553 8,732
-------------------------------------------------------------------------
Home Builders - 0.4%
Brookfield Homes Corp. 1,548 28,715
Lennar Corp. Class B 6,541 138,996
Levitt Corp. Class A 320 643
M/I Homes, Inc. 2,547 35,378
Monaco Coach Corp.(a) 6,854 96,162
Skyline Corp. 1,734 52,159
Winnebago Industries, Inc. 4,369 104,332
---------
Total Home Builders 456,385
-------------------------------------------------------------------------
Home Furnishings - 1.0%
American Woodmark Corp. 176 4,363
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 41
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------
Bassett Furniture Industries, Inc. 6,611 $ 68,622
Ethan Allen Interiors, Inc. 8,466 276,754
Furniture Brands International, Inc.(a) 25,622 259,807
Kimball International, Inc. Class B 6,420 73,060
La-Z-Boy, Inc.(a) 25,273 186,515
Sealy Corp.(a) 23,061 323,776
Stanley Furniture Co., Inc. 2,036 33,085
---------
Total Home Furnishings 1,225,982
----------------------------------------------------------------------------
Household Products/Wares - 1.8%
American Greetings Corp. Class A 8,538 225,403
Blyth, Inc. 9,679 197,936
CSS Industries, Inc. 2,017 72,551
Ennis, Inc. 8,166 179,979
Standard Register Co. (The) 26,291 334,159
Tupperware Brands Corp. 32,800 1,032,872
WD-40 Co. 5,387 183,912
---------
Total Household Products/Wares 2,226,812
----------------------------------------------------------------------------
Housewares - 0.1%
Libbey, Inc. 1,315 23,039
Lifetime Brands, Inc. 2,097 42,548
National Presto Industries, Inc. 1,322 70,066
---------
Total Housewares 135,653
----------------------------------------------------------------------------
Insurance - 2.7%
21st Century Holding Co. 2,824 40,101
Affirmative Insurance Holdings, Inc. 1,032 11,858
Alfa Corp. 21,448 389,924
American Equity Investment Life Holding Co. 2,486 26,476
Baldwin & Lyons, Inc. Class B 5,380 146,928
Brooke Corp. 9,525 94,202
Crawford & Co. Class B 9,722 61,832
Donegal Group, Inc. Class A 4,160 67,309
EMC Insurance Group, Inc. 3,287 85,429
FBL Financial Group, Inc. Class A 3,772 148,956
Harleysville Group, Inc. 8,206 262,427
Hilb Rogal & Hobbs Co. 4,867 210,887
Horace Mann Educators Corp. 10,623 209,379
Independence Holding Co. 335 6,827
Infinity Property & Casualty Corp. 1,507 60,612
LandAmerica Financial Group, Inc.(a) 3,655 142,472
Mercer Insurance Group, Inc. 879 15,550
Midland Co. (The) 1,366 75,075
National Interstate Corp. 1,273 39,196
NYMAGIC, Inc. 943 26,225
Presidential Life Corp. 7,334 124,385
ProCentury Corp. 2,235 32,698
RLI Corp. 4,033 228,752
Safety Insurance Group, Inc. 5,020 180,419
Selective Insurance Group, Inc. 11,829 251,721
State Auto Financial Corp. 6,144 179,712
Stewart Information Services Corp. 3,880 132,968
Tower Group, Inc. 835 21,860
United Fire & Casualty Co. 5,059 197,756
---------
Total Insurance 3,471,936
----------------------------------------------------------------------------
Internet - 0.7%
TheStreet.com, Inc. 3,583 43,390
United Online, Inc. 52,378 786,194
---------
Total Internet 829,584
----------------------------------------------------------------------------
Investment Companies - 2.9%
Ares Capital Corp. 52,115 847,911
Capital Southwest Corp. 233 28,603
Gladstone Capital Corp.(a) 9,189 179,369
Gladstone Investment Corp. 11,551 148,315
Hercules Technology Growth Capital, Inc. 17,080 226,652
MCG Capital Corp. 64,842 933,076
Medallion Financial Corp. 12,257 133,479
MVC Capital, Inc.(a) 8,308 153,947
NGP Capital Resources Co. 12,808 207,874
Patriot Capital Funding, Inc. 21,121 282,388
Prospect Energy Corp.(a) 13,328 226,843
Technology Investment Capital Corp. 24,622 329,196
---------
Total Investment Companies 3,697,653
----------------------------------------------------------------------------
Iron/Steel - 0.4%
Gibraltar Industries, Inc. 2,949 54,557
Great Northern Iron Ore Properties 2,225 265,241
Olympic Steel, Inc. 376 10,212
Ryerson, Inc.(a) 2,655 89,580
Schnitzer Steel Industries, Inc. Class A 575 42,142
---------
Total Iron/Steel 461,732
----------------------------------------------------------------------------
Leisure Time - 0.5%
Ambassadors Group, Inc. 4,104 156,362
Ambassadors International, Inc. 1,105 27,106
Arctic Cat, Inc. 2,505 40,982
Callaway Golf Co. 17,379 278,238
Marine Products Corp. 8,627 73,157
Nautilus, Inc. 3,529 28,126
---------
Total Leisure Time 603,971
----------------------------------------------------------------------------
Lodging - 0.0%
Marcus Corp. 2,980 57,216
----------------------------------------------------------------------------
Machinery-Construction & Mining - 0.1%
Bucyrus International, Inc. Class A 1,708 124,564
----------------------------------------------------------------------------
Machinery-Diversified - 1.7%
Alamo Group, Inc. 1,271 31,254
Albany International Corp. Class A 3,821 143,249
Applied Industrial Technologies, Inc. 9,259 285,455
Briggs & Stratton Corp. 21,968 553,154
Cascade Corp. 1,777 115,807
Cognex Corp. 7,285 129,382
Gorman-Rupp Co. (The) 2,000 66,320
Lindsay Manufacturing Co. 940 41,153
NACCO Industries, Inc. Class A 1,020 105,550
See Notes to Financial Statements.
42 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
Robbins & Myers, Inc. 1,173 $ 67,201
Sauer-Danfoss, Inc. 11,676 311,516
Tennant Co. 3,533 172,057
Twin Disc, Inc. 900 52,380
Wabtec Corp. 693 25,960
---------
Total Machinery-Diversified 2,100,438
--------------------------------------------------------------------------
Media - 2.3%
Belo Corp. Class A 29,007 503,561
Citadel Broadcasting Corp.(a) 108,917 453,094
Courier Corp. 2,648 93,236
Entercom Communications Corp. 22,697 438,733
Gray Television, Inc. 10,772 91,454
Hearst-Argyle Television, Inc. 6,752 175,282
Journal Communications, Inc. Class A 13,288 125,970
Journal Register Co. 4,754 11,410
Lee Enterprises, Inc. 8,884 138,324
Media General, Inc. Class A 7,262 199,778
Sinclair Broadcast Group, Inc. Class A(a) 28,394 341,864
Value Line, Inc. 2,732 134,606
World Wrestling Entertainment, Inc. 16,384 247,071
---------
Total Media 2,954,383
--------------------------------------------------------------------------
Metal Fabricate/Hardware - 1.0%
A. M. Castle & Co. 1,627 53,040
Ampco-Pittsburgh Corp. 1,224 48,201
CIRCOR International, Inc. 713 32,377
Dynamic Materials Corp. 713 34,146
Empire Resources, Inc.(a) 2,297 15,436
Kaydon Corp. 3,830 199,122
Lawson Products, Inc. 1,787 62,205
Mueller Industries, Inc. 4,877 176,255
Mueller Water Products, Inc. Class A(a) 1,812 22,451
NN, Inc. 5,259 51,591
Quanex Corp. 7,543 354,369
Sun Hydraulics Corp. 3,635 115,593
Valmont Industries, Inc. 1,949 165,373
---------
Total Metal Fabricate/Hardware 1,330,159
--------------------------------------------------------------------------
Mining - 0.7%
AMCOL International Corp. 7,015 232,126
Compass Minerals International, Inc. 16,155 549,917
Royal Gold, Inc. 2,808 91,962
---------
Total Mining 874,005
--------------------------------------------------------------------------
Miscellaneous Manufacturing - 2.1%
A.O. Smith Corp. 5,631 247,088
Actuant Corp. Class A 657 42,685
American Railcar Industries, Inc. 841 18,519
Ameron International Corp. 1,098 116,135
Barnes Group, Inc. 14,893 475,385
Federal Signal Corp. 8,000 122,880
Freightcar America, Inc. 810 30,942
Koppers Holdings, Inc. 7,086 273,590
Lancaster Colony Corp. 9,403 358,913
Matthews International Corp. Class A 1,972 86,374
Myers Industries, Inc. 5,481 108,633
Portec Rail Products, Inc. 2,691 31,377
Quixote Corp. 2,142 42,412
Raven Industries, Inc. 2,769 110,898
Reddy Ice Holdings, Inc. 19,478 513,635
Standex International Corp. 4,139 85,595
Tredegar Corp. 3,772 65,067
---------
Total Miscellaneous Manufacturing 2,730,128
--------------------------------------------------------------------------
Office Furnishings - 0.5%
Knoll, Inc. 10,551 187,175
Steelcase, Inc. Class A 24,790 445,724
---------
Total Office Furnishings 632,899
--------------------------------------------------------------------------
Oil & Gas - 0.9%
Adams Resources & Energy, Inc. 796 22,169
Alon USA Energy, Inc. 2,842 96,003
Barnwell Industries, Inc. 797 13,294
Berry Petroleum Co. Class A 4,192 165,961
Crosstex Energy, Inc.(a) 16,653 631,315
Delek US Holdings, Inc. 5,280 132,422
Panhandle Royalty Co. Class A 853 21,069
Penn Virginia Corp. 2,702 118,834
---------
Total Oil & Gas 1,201,067
--------------------------------------------------------------------------
Oil & Gas Services - 0.6%
CARBO Ceramics, Inc. 3,505 177,809
Gulf Island Fabrication, Inc. 1,401 53,784
Lufkin Industries, Inc. 2,207 121,429
MarkWest Hydrocarbon, Inc. 3,678 213,802
RPC, Inc. 9,770 138,832
---------
Total Oil & Gas Services 705,656
--------------------------------------------------------------------------
Packaging & Containers - 0.5%
Greif, Inc. Class A 3,854 233,861
Greif, Inc. Class B 6,672 376,968
---------
Total Packaging & Containers 610,829
--------------------------------------------------------------------------
Pharmaceuticals - 0.3%
Mannatech, Inc. 7,262 58,822
Perrigo Co. 11,283 240,892
Reliv' International, Inc.(a) 2,063 20,630
---------
Total Pharmaceuticals 320,344
--------------------------------------------------------------------------
Real Estate - 0.3%
Consolidated-Tomoka Land Co. 425 28,564
Forest City Enterprises, Inc. Class B 1,502 82,640
Resource Capital Corp.(a) 23,158 260,759
Thomas Properties Group, Inc. 2,364 28,368
---------
Total Real Estate 400,331
--------------------------------------------------------------------------
REITS - 19.0%
Acadia Realty Trust 10,632 288,446
Agree Realty Corp. 4,959 155,415
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 43
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------
American Campus Communities, Inc. 12,232 $ 358,275
American Financial Realty Trust 111,514 897,688
American Land Lease, Inc. 3,720 83,588
Ashford Hospitality Trust, Inc. 52,831 530,952
Associated Estates Realty Corp. 8,918 116,291
BRT Realty Trust 5,093 88,313
Capital Lease Funding, Inc. 27,483 281,701
Cedar Shopping Centers, Inc. 20,607 280,667
Cogdell Spencer, Inc. 5,670 104,895
DiamondRock Hospitality Co. 38,053 662,503
EastGroup Properties, Inc. 10,599 479,711
Education Realty Trust, Inc. 15,443 208,481
Entertainment Properties Trust 14,786 751,129
Equity Inns, Inc. 37,908 855,963
Equity Lifestyle Properties, Inc. 1,644 85,159
Extra Space Storage, Inc. 42,571 655,168
FelCor Lodging Trust, Inc. 36,992 737,251
Feldman Mall Properties, Inc. 18,914 142,990
First Potomac Realty Trust 12,101 263,802
Franklin Street Properties Corp.(a) 55,273 953,458
Getty Realty Corp. 17,046 463,651
Gladstone Commercial Corp. 6,481 121,195
Glimcher Realty Trust 34,733 816,226
GMH Communities Trust 35,816 277,574
Hersha Hospitality Trust 23,744 235,066
Inland Real Estate Corp. 40,872 633,107
Investors Real Estate Trust(a) 36,228 391,262
Kite Realty Group Trust 13,836 260,117
Lexington Corporate Properties Trust 63,644 1,273,515
LTC Properties, Inc. 15,015 355,405
Medical Properties Trust, Inc.(a) 34,347 457,502
Mid-America Apartment Communities, Inc. 11,587 577,612
Mission West Properties, Inc. 11,069 134,488
Monmouth REIT Class A 17,760 149,539
National Health Investors, Inc. 19,771 611,122
National Retail Properties, Inc. 38,973 950,162
Omega Healthcare Investors, Inc. 40,640 631,139
One Liberty Properties, Inc. 6,512 126,658
Parkway Properties, Inc. 8,837 390,065
Pennsylvania Real Estate Investment Trust 25,715 1,001,341
PMC Commercial Trust 12,057 157,826
PS Business Parks, Inc. 4,770 271,175
Public Storage, Inc. Class A 9,682 250,764
Ramco-Gershenson Properties Trust 9,888 308,901
Republic Property Trust 23,271 341,386
Saul Centers, Inc. 6,934 357,101
Sovran Self Storage, Inc. 10,728 491,772
Sun Communities, Inc. 16,067 483,295
Sunstone Hotel Investors, Inc. 34,974 896,733
Tanger Factory Outlet Centers, Inc. 13,590 551,618
UMH Properties, Inc. 7,802 108,604
Universal Health Realty Income Trust 8,365 297,208
Urstadt Biddle Properties, Inc. Class A 9,935 153,694
U-Store-It Trust 37,270 491,964
Winthrop Realty Trust 26,971 181,515
----------
Total REITS 24,182,148
---------------------------------------------------------------------------
Retail - 3.8%
Ark Restaurants Corp. 1,955 71,817
Asbury Automotive Group, Inc. 14,503 287,304
Big 5 Sporting Goods Corp. 4,719 88,245
Bob Evans Farms, Inc. 8,214 247,899
Books-A-Million, Inc. 889 11,761
Borders Group, Inc. 14,517 193,512
Brown Shoe Co., Inc. 1,230 23,862
Buckle, Inc. (The) 6,183 234,583
Casey's General Stores, Inc. 4,879 135,148
Cash America International, Inc. 552 20,755
Cato Corp. (The) Class A 9,438 192,913
CBRL Group, Inc. 4,747 193,678
Christopher & Banks Corp. 5,792 70,199
CKE Restaurants, Inc. 6,906 111,946
DEB Shops, Inc. 3,535 95,056
Fred's, Inc. 6,868 72,320
Group 1 Automotive, Inc. 4,440 149,051
Haverty Furniture Cos., Inc. 4,679 41,035
IHOP Corp. 3,912 247,747
Kenneth Cole Productions, Inc. Class A 4,692 90,884
Landry's Restaurants, Inc. 1,926 50,962
Lithia Motors, Inc. Class A 6,690 114,131
Longs Drug Stores Corp. 6,046 300,306
Movado Group, Inc. 2,430 77,566
Nu Skin Enterprises, Inc. Class A 17,015 274,962
PEP Boys-Manny, Moe & Jack (The) 13,243 185,799
Ruby Tuesday, Inc. 12,991 238,255
Sonic Automotive, Inc. 7,760 185,774
Stage Stores, Inc. 3,723 67,870
Stein Mart, Inc. 5,288 40,242
Talbots, Inc.(a) 14,354 258,372
Triarc Cos., Inc. Class A 6,040 74,232
Triarc Cos., Inc. Class B 13,524 169,185
Tuesday Morning Corp.(a) 23,513 211,382
World Fuel Services Corp. 1,121 45,748
----------
Total Retail 4,874,501
---------------------------------------------------------------------------
Savings & Loans - 3.8%
Abington Bancorp Inc. 3,453 33,667
American Bancorp of New Jersey, Inc. 4,469 48,578
Anchor Bancorp Wisconsin, Inc. 6,008 162,216
Atlantic Coast Federal Corp. 3,730 56,360
BankFinancial Corp. 3,535 55,924
BankUnited Financial Corp. Class A 3,338 51,873
Benjamin Franklin Bancorp, Inc. 1,041 14,845
Berkshire Hills Bancorp, Inc. 3,342 101,029
Brookline Bancorp, Inc. 17,796 206,256
See Notes to Financial Statements.
44 WisdomTree Domestic Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Smallcap Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
CFS Bancorp, Inc. 4,409 $ 62,167
Clifton Savings Bancorp, Inc. 5,589 66,118
Dime Community Bancshares 18,459 276,331
First Defiance Financial Corp. 2,754 74,358
First Federal Bancshares of Arkansas, Inc. 1,476 26,989
First Financial Holdings, Inc. 3,691 115,454
First Niagara Financial Group, Inc. 45,182 639,324
First Place Financial Corp. 8,115 143,636
Flagstar Bancorp, Inc. 36,266 352,867
Flushing Financial Corp. 6,251 105,017
Heritage Financial Group 1,413 19,768
HMN Financial, Inc. 1,613 47,793
Home Federal Bancorp, Inc. 2,270 30,214
Kearny Financial Corp. 9,856 126,058
K-Fed Bancorp 3,523 46,398
KNBT Bancorp, Inc. 5,918 97,884
Legacy Bancorp, Inc. 4,381 60,984
Northwest Bancorp, Inc. 20,173 574,123
OceanFirst Financial Corp. 8,191 142,769
Pamrapo Bancorp, Inc. 2,253 42,706
Parkvale Financial Corp. 1,714 49,706
Partners Trust Financial Group, Inc. 12,608 153,439
PFF Bancorp, Inc. 3,819 58,583
Provident Financial Services, Inc. 17,833 291,926
Provident New York Bancorp 6,158 80,731
Rainier Pacific Financial Group, Inc. 3,776 63,059
Riverview Bancorp, Inc. 3,736 55,480
Rockville Financial, Inc. 2,122 30,260
Rome Bancorp, Inc. 2,540 30,124
Synergy Financial Group, Inc. 2,097 31,791
Timberland Bancorp, Inc. 1,758 27,776
United Community Financial Corp. 1,466 10,585
United Financial Bancorp, Inc. 2,519 31,639
Westfield Financial, Inc. 6,437 62,503
Willow Grove Bancorp, Inc. 6,668 82,883
WSFS Financial Corp. 422 26,333
-----------
Total Savings & Loans 4,868,524
-----------------------------------------------------------------------------
Semiconductors - 0.1%
Cohu, Inc. 3,613 67,744
Richardson Electronics Ltd. 3,071 21,036
-----------
Total Semiconductors 88,780
-----------------------------------------------------------------------------
Software - 0.5%
American Software, Inc. Class A 9,068 83,426
Blackbaud, Inc. 5,608 141,546
Computer Programs & Systems, Inc. 5,947 156,764
infoUSA, Inc. 12,464 115,791
Pegasystems, Inc. 5,387 64,105
QAD, Inc. 4,446 38,502
Renaissance Learning, Inc.(a) 4,282 51,769
Schawk, Inc. 2,164 48,841
-----------
Total Software 700,744
-----------------------------------------------------------------------------
Telecommunications - 3.3%
Adtran, Inc. 15,081 347,315
Alaska Communications Systems Group, Inc. 28,130 406,479
Applied Signal Technology, Inc. 4,972 67,221
Atlantic Tele-Network, Inc. 3,502 127,298
Black Box Corp. 1,167 49,901
Consolidated Communications Holdings, Inc. 25,831 506,546
D&E Communications, Inc. 6,500 92,430
FairPoint Communications, Inc.(a) 37,959 715,906
Iowa Telecommunications Services, Inc. 36,950 733,457
North Pittsburgh Systems, Inc. 5,103 121,247
Plantronics, Inc. 5,325 152,029
Shenandoah Telecommunications Co. 2,885 62,778
SureWest Communications 6,772 169,368
USA Mobility, Inc. 39,642 668,761
-----------
Total Telecommunications 4,220,736
-----------------------------------------------------------------------------
Textiles - 0.1%
Angelica Corp. 2,299 45,313
G&K Services, Inc. Class A 1,013 40,723
UniFirst Corp. 831 31,129
-----------
Total Textiles 117,165
-----------------------------------------------------------------------------
Toys/Games/Hobbies - 0.1%
Topps Co., Inc. (The) 8,299 80,417
-----------------------------------------------------------------------------
Transportation - 0.7%
Arkansas Best Corp. 4,535 148,113
Forward Air Corp. 2,878 85,707
Heartland Express, Inc. 5,428 77,512
Horizon Lines, Inc. Class A 6,553 200,062
Knight Transportation, Inc. 4,275 73,573
Pacer International, Inc. 8,771 167,088
Werner Enterprises, Inc. 8,379 143,700
-----------
Total Transportation 895,755
-----------------------------------------------------------------------------
Trucking & Leasing - 0.3%
Greenbrier Cos., Inc.(a) 1,589 42,442
TAL International Group, Inc.(a) 12,807 321,072
-----------
Total Trucking & Leasing 363,514
-----------------------------------------------------------------------------
Water - 0.7%
American States Water Co. 5,354 208,806
California Water Service Group 6,680 257,112
Connecticut Water Service, Inc. 3,908 90,509
Middlesex Water Co. 5,044 95,332
SJW Corp. 3,597 122,802
Southwest Water Co. 4,458 56,305
York Water Co. 4,061 68,428
-----------
Total Water 899,294
-----------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $132,533,010) 126,481,393
=============================================================================
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 45
Schedule of Investments (unaudited) (concluded)
WisdomTree Smallcap Dividend Fund
September 30, 2007
Investments Shares Value
-------------------------------------------------------------------------------
SHORT-TERM INVESTMENT - 1.2%
MONEY MARKET FUND - 1.2%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $1,480,306) 1,480,306 $ 1,480,306
===============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 10.2%
MONEY MARKET FUNDS(c) - 10.2%
AIM Liquid Assets Portfolio, 5.11% 120 120
AIM Prime Portfolio, 5.08% 365 365
UBS Enhanced Yield Portfolio, 5.38% 5,550,279 5,550,279
UBS Private Money Market Fund LLC, 5.21% 7,416,140 7,416,140
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $12,966,904)(d) 12,966,904
===============================================================================
TOTAL INVESTMENTS IN SECURITIES - 110.8%
(Cost: $146,980,220)(e) 140,928,603
Liabilities in Excess of Other Assets - (10.8)% (13,735,168)
------------
NET ASSETS - 100.0% $127,193,435
===============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as September 30, 2007.
(c) Interest rates shown reflect yields as September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $12,305,441 and the total market value of the collateral held by
the Fund was $12,966,904.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
46 WisdomTree Domestic Dividend Funds
Statements of Assets and Liabilities (unaudited)
WisdomTree Domestic Dividend Funds
September 30, 2007
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree
Total High-Yielding LargeCap Dividend MidCap SmallCap
Dividend Fund Equity Fund Dividend Fund Top 100 Fund Dividend Fund Dividend Fund
------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost: $ 94,728,550 $ 221,753,884 $ 338,169,062 $ 227,895,971 $116,257,484 $146,980,220
------------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value
(including securities on loan) (Note 2) 101,658,557 227,532,651 355,735,015 235,549,174 114,734,122 140,928,603
Cash - - 691,975 - - -
Receivables:
Investment securities sold 132,702 5,902,037 - - 550,229 1,260,064
Capital shares sold - - - - 5,620,862 -
Dividends and interest 179,800 632,594 580,793 590,957 253,417 453,255
------------------------------------------------------------------------------------------------------------------------------------
Total Assets 101,971,059 234,067,281 357,007,783 236,140,132 121,158,630 142,641,922
====================================================================================================================================
LIABILITIES:
Custodian bank 642,858 2,095,083 - 1,763,324 669,238 980,174
Payables:
Investment securities purchased - - - - 5,597,216 1,463,206
Collateral for securities on loan (Note 2) 1,722,450 10,808,647 11,028,193 16,152,000 7,764,451 12,966,904
Capital shares redeemed - 5,913,395 - - - -
Advisory fees (Note 3) 22,549 68,125 78,258 66,462 31,846 37,766
Other accrued expenses 354 789 1,230 770 369 437
------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 2,388,211 18,886,039 11,107,681 17,982,556 14,063,120 15,448,487
====================================================================================================================================
NET ASSETS $ 99,582,848 $ 215,181,242 $ 345,900,102 $ 218,157,576 $107,095,510 $127,193,435
====================================================================================================================================
NET ASSETS:
Paid-in capital $ 91,359,571 $ 207,312,375 $ 315,553,075 $ 209,576,425 $107,652,156 $132,139,549
Undistributed net investment income 108,384 436,969 255,814 269,371 412,309 523,864
Accumulated net realized gain on investments 1,184,886 1,653,131 12,525,260 658,577 554,407 581,639
Net unrealized appreciation (depreciation) on
investments 6,930,007 5,778,767 17,565,953 7,653,203 (1,523,362) (6,051,617)
------------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 99,582,848 $ 215,181,242 $ 345,900,102 $ 218,157,576 $107,095,510 $127,193,435
====================================================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 1,650,000 3,650,000 5,650,000 3,600,000 1,900,000 2,350,000
------------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 60.35 $ 58.95 $ 61.22 $ 60.60 $ 56.37 $ 54.12
====================================================================================================================================
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 47
Statements of Operations (unaudited)
WisdomTree Domestic Dividend Funds
For the Six Months Ended September 30, 2007
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree
Total High-Yielding LargeCap Dividend MidCap SmallCap
Dividend Fund Equity Fund Dividend Fund Top 100 Fund Dividend Fund Dividend Fund
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends $1,433,445 $ 4,607,200 $ 5,011,183 $3,751,302 $ 1,789,748 $ 2,481,204
Interest 7,607 15,245 15,334 11,400 6,783 12,924
Securities lending income (Note 2) 13,295 74,563 28,710 122,397 65,182 123,498
------------------------------------------------------------------------------------------------------------------------------------
Total investment income 1,454,347 4,697,008 5,055,227 3,885,099 1,861,713 2,617,626
------------------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 135,975 436,551 497,682 403,111 184,775 221,671
Service fees (Note 3) 719 1,642 2,523 1,551 737 842
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 136,694 438,193 500,205 404,662 185,512 222,513
------------------------------------------------------------------------------------------------------------------------------------
Net investment income 1,317,653 4,258,815 4,555,022 3,480,437 1,676,201 2,395,113
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (488,773) (1,528,698) (538,292) (517,714) (855,884) (1,004,394)
In-kind redemptions 1,698,531 3,391,032 13,277,479 1,550,336 1,512,131 1,795,354
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain 1,209,758 1,862,334 12,739,187 1,032,622 656,247 790,960
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation
(depreciation) on investments 2,524,513 (151,720) 4,509,788 790,988 (4,320,606) (7,574,613)
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on
investments 3,734,271 1,710,614 17,248,975 1,823,610 (3,664,359) (6,783,653)
====================================================================================================================================
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS $5,051,924 $ 5,969,429 $21,803,997 $5,304,047 $ (1,988,158) $ (4,388,540)
====================================================================================================================================
See Notes to Financial Statements.
48 WisdomTree Domestic Dividend Funds
Statements of Changes in Net Assets
WisdomTree Domestic Dividend Funds
------------------------------------------------------------------------------------------
WisdomTree Total Dividend Fund
------------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 1,317,653 $ 1,119,717
Net realized gain on investments 1,209,758 924,301
Net change unrealized appreciation
(depreciation) on investments 2,524,513 4,405,494
------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 5,051,924 6,449,512
=========================================================================================
DIVIDENDS:
Net investment income (1,260,034) (1,068,528)
------------------------------------------------------------------------------------------
Total dividends (1,260,034) (1,068,528)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 15,221,789 97,974,095
Cost of shares redeemed (9,129,134) (13,661,776)
------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 6,092,655 84,312,319
=========================================================================================
Net Increase in Net Assets 9,884,545 89,693,303
=========================================================================================
NET ASSETS:
Beginning of period $ 89,698,303 $ 5,000
End of period $ 99,582,848 $ 89,698,303
------------------------------------------------------------------------------------------
Undistributed net investment income included in
net assets at end of period $ 108,384 $ 50,765
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,550,000 -
Shares created 250,000 1,800,100
Shares redeemed (150,000) (250,100)
------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,650,000 1,550,000
=========================================================================================
-----------------------------------------------------------------------------------------------------------------------------
WisdomTree High-Yielding
Equity Fund WisdomTree LargeCap Dividend Fund
-----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 4,258,815 $ 2,867,199 $ 4,555,022 $ 3,092,111
Net realized gain on investments 1,862,334 1,500,157 12,739,187 2,536,624
Net change unrealized appreciation
(depreciation) on investments (151,720) 5,930,487 4,509,788 13,056,165
-----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 5,969,429 10,297,843 21,803,997 18,684,900
=============================================================================================================================
DIVIDENDS:
Net investment income (3,982,318) (2,704,035) (4,447,780) (2,943,539)
-----------------------------------------------------------------------------------------------------------------------------
Total dividends (3,982,318) (2,704,035) (4,447,780) (2,943,539)
=============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 39,189,129 217,820,154 100,270,313 342,647,539
Cost of shares redeemed (31,869,480) (19,544,480) (105,065,425) (25,054,903)
-----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 7,319,649 198,275,674 (4,795,112) 317,592,636
=============================================================================================================================
Net Increase in Net Assets 9,306,760 205,869,482 12,561,105 333,333,997
=============================================================================================================================
NET ASSETS:
Beginning of period $ 205,874,482 $ 5,000 $ 333,338,997 $ 5,000
End of period $ 215,181,242 $ 205,874,482 $ 345,900,102 $ 333,338,997
-----------------------------------------------------------------------------------------------------------------------------
Undistributed net investment income included in
net assets at end of period $ 436,969 $ 160,472 $ 255,814 $ 148,572
=============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 3,550,000 - 5,750,000 -
Shares created 650,000 3,900,100 1,650,000 6,200,100
Shares redeemed (550,000) (350,100) (1,750,000) (450,100)
-----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 3,650,000 3,550,000 5,650,000 5,750,000
=============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 49
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic Dividend Funds
WisdomTree Dividend Top 100 Fund
-----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 3,480,437 $ 2,020,822
Net realized gain on investments 1,032,622 2,147,330
Net change unrealized appreciation
(depreciation) on investments 790,988 6,862,215
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 5,304,047 11,030,367
=========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income (3,348,955) (1,882,933)
Capital gains - -
-----------------------------------------------------------------------------------------
Total dividends and distributions (3,348,955) (1,882,933)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 43,151,703 220,320,803
Cost of shares redeemed (14,957,907) (41,464,549)
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 28,193,796 178,856,254
=========================================================================================
Net Increase in Net Assets 30,148,888 188,003,688
=========================================================================================
NET ASSETS:
Beginning of period $ 188,008,688 $ 5,000
End of period $ 218,157,576 $ 188,008,688
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 269,371 $ 137,889
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 3,150,000 -
Shares created 700,000 3,900,100
Shares redeemed (250,000) (750,100)
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 3,600,000 3,150,000
=========================================================================================
WisdomTree MidCap Dividend Fund WisdomTree SmallCap Dividend Fund
----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 1,676,201 $ 948,052 $ 2,395,113 $ 1,700,001
Net realized gain on investments 656,247 683,785 790,960 1,060,225
Net change unrealized appreciation
(depreciation) on investments (4,320,606) 2,797,244 (7,574,613) 1,522,996
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations (1,988,158) 4,429,081 (4,388,540) 4,283,222
============================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income (1,348,810) (863,134) (2,187,981) (1,374,057)
Capital gains - (4,321) - -
----------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions (1,348,810) (867,455) (2,187,981) (1,374,057)
============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 43,253,187 83,384,228 35,496,862 126,413,016
Cost of shares redeemed (11,153,703) (8,617,860) (13,674,459) (17,379,628)
----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 32,099,484 74,766,368 21,822,403 109,033,388
============================================================================================================================
Net Increase in Net Assets 28,762,516 78,327,994 15,245,882 111,942,553
============================================================================================================================
NET ASSETS:
Beginning of period $ 78,332,994 $ 5,000 $ 111,947,553 $ 5,000
End of period $ 107,095,510 $ 78,332,994 $ 127,193,435 $ 111,947,553
============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 412,309 $ 84,918 $ 523,864 $ 316,732
============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,350,000 - 1,950,000 -
Shares created 750,000 1,500,100 650,000 2,250,100
Shares redeemed (200,000) (150,100) (250,000) (300,100)
----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,900,000 1,350,000 2,350,000 1,950,000
============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
50 WisdomTree Domestic Dividend Funds
Financial Highlights
WisdomTree Domestic Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-----------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree Total Dividend Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
Net asset value, beginning of period $ 57.87 $ 50.32
-----------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.81 1.18
Net realized and unrealized gain 2.46 7.28
-----------------------------------------------------------------------------------------
Total from investment operations 3.27 8.46
-----------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.79) (0.91)
-----------------------------------------------------------------------------------------
Total dividends to shareholders (0.79) (0.91)
-----------------------------------------------------------------------------------------
Net asset value, end of period $ 60.35 $ 57.87
=========================================================================================
TOTAL RETURN(3) 5.66% 16.84%
-----------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 99,583 $ 89,698
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.28%(4) 0.28%(4)
Expenses, prior to expense reimbursements/waivers 0.28%(4) 0.31%(4)
Net investment income 2.71%(4) 2.76%(4)
-----------------------------------------------------------------------------------------
Portfolio turnover rate(5) 4% 12%
=========================================================================================
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree High-Yielding Equity Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
Net asset value, beginning of period $ 57.99 $ 50.01
-----------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.11 1.56
Net realized and unrealized gain 0.87 7.54
-----------------------------------------------------------------------------------------
Total from investment operations 1.98 9.10
-----------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (1.02) (1.12)
-----------------------------------------------------------------------------------------
Total dividends to shareholders (1.02) (1.12)
-----------------------------------------------------------------------------------------
Net asset value, end of period $ 58.95 $ 57.99
=========================================================================================
TOTAL RETURN(3) 3.43% 18.23%
-----------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $215,181 $205,874
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements/waivers 0.38%(4) 0.40%(4)
Net investment income 3.71%(4) 3.68%(4)
-----------------------------------------------------------------------------------------
Portfolio turnover rate(5) 6% 11%
=========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 51
Financial Highlights (continued)
WisdomTree Domestic Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree LargeCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 57.97 $ 50.34
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.77 1.11
Net realized and unrealized gain 3.25 7.32
-------------------------------------------------------------------------------------------
Total from investment operations 4.02 8.43
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.77) (0.80)
-------------------------------------------------------------------------------------------
Total dividends to shareholders (0.77) (0.80)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 61.22 $ 57.97
===========================================================================================
TOTAL RETURN(3) 6.94% 16.77%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $345,900 $333,339
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.28%(4) 0.28%(4)
Expenses, prior to expense reimbursements/waivers 0.28%(4) 0.29%(4)
Net investment income 2.56%(4) 2.65%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 2% 13%
===========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree Dividend Top 100 Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 59.69 $ 50.12
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.00 1.40
Net realized and unrealized gain 0.86 9.09
-------------------------------------------------------------------------------------------
Total from investments operations 1.86 10.49
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.95) (0.92)
-------------------------------------------------------------------------------------------
Total dividends to shareholders (0.95) (0.92)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 60.60 $ 59.69
===========================================================================================
TOTAL RETURN(3) 3.12% 20.99%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $218,158 $188,009
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements/waivers 0.38%(4) 0.40%(4)
Net investment income 3.28%(4) 3.29%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 4% 21%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
52 WisdomTree Domestic Dividend Funds
Financial Highlights (concluded)
WisdomTree Domestic Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree MidCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 58.02 $ 50.21
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.01 1.45
Net realized and unrealized gain (loss) (1.87) 7.41
-------------------------------------------------------------------------------------------
Total from investment operations (0.86) 8.86
-------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income (0.79) (1.04)
Capital gains - (0.01)
-------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders (0.79) (1.05)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 56.37 $ 58.02
===========================================================================================
TOTAL RETURN(3) (1.50)% 17.71%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $107,096 $ 78,333
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements/waivers 0.38%(4) 0.43%(4)
Net investment income 3.45%(4) 3.47%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 11% 12%
===========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 through
WisdomTree SmallCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 57.41 $ 50.24
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.15 1.79
Net realized and unrealized gain (loss) (3.44) 6.65
-------------------------------------------------------------------------------------------
Total from investments operations (2.29) 8.44
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (1.00) (1.27)
-------------------------------------------------------------------------------------------
Total dividends to shareholders (1.00) (1.27)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 54.12 $ 57.41
===========================================================================================
TOTAL RETURN(3) (4.04)% 16.88%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $127,193 $111,948
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements/waivers 0.38%(4) 0.42%(4)
Net investment income 4.11%(4) 4.25%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 12% 16%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 53
Notes to Financial Statements (unaudited)
1. ORGANIZATION
WisdomTree Trust (the "Trust") is registered under the Investment Company Act of
1940, as amended (the "1940 Act"), as an open-end management investment company.
The Trust was established as a Delaware statutory trust pursuant to a Trust
Instrument dated December 15, 2005. As of September 30, 2007, the Trust offered
38 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006, with the exception of the international dividend sector funds, domestic
earnings funds, International Real Estate Fund and Emerging Markets
High-Yielding Equity Fund that commenced operations on October 13, 2006,
February 23, 2007, June 5, 2007 and July 13, 2007, respectively.
These financial statements relate only to the WisdomTree Total Dividend Fund
("Total Dividend Fund"), WisdomTree High-Yielding Equity Fund ("High-Yielding
Equity Fund"), WisdomTree LargeCap Dividend Fund ("LargeCap Dividend Fund"),
WisdomTree Dividend Top 100 Fund ("Dividend Top 100 Fund"), WisdomTree MidCap
Dividend Fund ("MidCap Dividend Fund") and WisdomTree SmallCap Dividend Fund
("SmallCap Dividend Fund") together the "Domestic Dividend Funds".
Each Fund seeks investment returns that closely correspond to the price and
yield performance, before fees and expenses, of a particular index ("Index")
developed by WisdomTree Investments, Inc. ("Wisdom Tree Investments"). Each
Index consists of dividend paying securities in the market suggested by its name
that meet specific criteria developed by WisdomTree Investments. "WisdomTree",
"WisdomTree Investments", and "Dividend Top 100" are service marks of WisdomTree
Investments licensed for use by the Trust. WisdomTree Investments has patent
applications pending on the methodology and operation of its Indexes and the
Funds.
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.
The preparation of financial statements in conformity with U.S. Generally
Accepted Accounting Principles ("U.S. GAAP"), requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of increases and decreases in
the net assets from operations during the reporting period. Actual results could
differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Investment Valuation - The Net Asset Value ("NAV") of each Fund's shares is
calculated each day the national securities exchanges are open for trading as of
the close of regular trading on the New York Stock Exchange, generally 4:00 p.m.
New York time. NAV per share is calculated by dividing a Fund's net assets by
the number of Fund shares outstanding. Securities traded on any recognized U.S.
or non-U.S. exchange are valued at the last sale price or official closing price
on the exchange or system on which they are principally traded. Unlisted equity
securities are valued at the last quoted sale price or, if no sale price is
available, at the mean between the most recently quoted bid and asked 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 current market value.
(b) Investment Transactions - Investment transactions are recorded as of the
date that the securities are purchased or sold (trade date). Realized gains and
losses on sales of portfolio securities are calculated using the identified-cost
method.
(c) Investment Income - Dividend income is recognized on the ex-dividend date.
Interest income is accrued daily. The value of additional securities received as
dividend payments is recorded as income and as an increase to the cost basis of
such securities.
(d) Expenses/Reimbursements - WisdomTree Asset Management ("WTAM") has agreed to
pay all expenses of the Trust, except for: (i) brokerage expenses and other
expenses (such as stamp taxes) connected with the execution of portfolio
transactions or in connection with creation and redemption transactions; (ii)
legal fees or expenses in connection with any arbitration, litigation or pending
or threatened arbitration or litigation, including any settlements in connection
therewith; (iii) compensation and expenses of each Independent Trustee; (iv)
compensation and expenses of counsel to the Independent Trustees; (v)
compensation and expenses of the Trust's chief compliance officer; (vi)
extraordinary expenses; (vii) distribution fees and expenses paid by the Trust
under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act;
and (viii) the advisory fee payable to WTAM. Pursuant to a separate contractual
arrangement, WTAM has paid the expenses described in (iii), (iv) and (v) through
July 31, 2007.
(e) Security Lending - Each Fund may lend portfolio securities to certain
creditworthy borrowers, including the Funds' securities lending agent. The loans
are collateralized at all times by cash and/or high grade debt obligations in an
amount at least equal to
54 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (unaudited) (continued)
102% of the market value of domestic securities loaned (105% in the case of
foreign securities loaned) as determined at the close of business on the
preceding business day. Each Fund receives compensation for lending its
securities from interest or dividends earned on the cash or U.S. government
securities held as collateral, net of fee rebates paid to the borrower plus
reasonable administrative and custody fees. The dividend and interest income
earned on the securities loaned is accounted for in the same manner as other
dividend and interest income. The borrower pays to the Funds an amount equal to
any dividends or interest received on loaned securities. The Funds retain all or
a portion of the interest received on investment of cash collateral or receives
a fee from the borrower. Lending portfolio securities could result in a loss or
delay in recovering each Fund's securities if the borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements
of Operations.
(f) Tax Information and Dividends and Distributions to Shareholders - It is each
Fund's policy to comply with all requirements of the Internal Revenue Code of
1986, as amended ("the Code"). Each Fund intends to qualify for and to elect
treatment as a separate Regulated Investment Company ("RIC") under Subchapter M
of the Code. It is the policy of each Fund to pay out dividends, if any, to
investors at least annually. Taxable net realized gains from investment
transactions, reduced by capital loss carryforwards, if any, are declared and
distributed to shareholders at least annually. The capital loss carryforward
amount, if any, is available to offset future net capital gains. The Funds may
occasionally be required to make supplemental distributions at some other time
during the year. The Trust reserves the right to declare special distributions
if, in its reasonable discretion, such action is necessary or advisable to
preserve the status of each Fund as a RIC or to avoid imposition of income or
excise taxes on undistributed income. Dividends and distributions to
shareholders are recorded on the ex-dividend date. The amount of dividends and
distributions from net investment income and net realized capital gains are
determined in accordance with Federal income tax regulations which may differ
from U.S. GAAP. These "book/tax" differences are either considered temporary or
permanent in nature. To the extent these differences are permanent in nature,
such amounts are reclassified within the components of net assets based on their
federal tax basis treatment; temporary differences do not require
reclassification. Dividends and distributions, which exceed earnings and profit
for tax purposes, are reported as a tax return of capital.
The Funds adopted the provisions of Financial Accounting Standards Board (FASB)
Interpretation No. 48, Accounting for Uncertainty in Income Taxes. This
interpretation prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected to be taken in a
tax return. Foreign taxes are provided for based on each Fund's understanding of
the tax rules and rates that exist in the foreign markets in which it invests.
Taxes are accrued and applied to net investment income, net realized capital
gains and net unrealized appreciation, as applicable, as the income is earned or
capital gains are recorded. 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. Management has evaluated
the application of FIN 48 to the Funds, and has determined that there is no
impact resulting from the adoption of this interpretation on the Funds'
financial statements.
(g) Short-Term Investments - Each Fund may invest a portion of its assets in
high-quality money market instruments on an ongoing basis to provide liquidity
or for other reasons. The instruments in which a Fund may invest include
short-term obligations issued by the U.S. Government, negotiable certificates of
deposit ("CDs"), fixed time deposits and bankers' acceptances of U.S. and
foreign banks and similar institutions, commercial papers, repurchase agreements
and money market funds. CDs are short-term negotiable obligations of commercial
banks. Time deposits are non-negotiable deposits maintained in banking
institutions for specified periods of time at stated interest rates. Banker's
acceptances are time drafts drawn on commercial banks by borrowers, usually in
connection with international transactions.
WisdomTree Domestic Dividend Funds 55
Notes to Financial Statements (unaudited) (continued)
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees - WTAM provides investment management services to each Fund
pursuant to an Investment Advisory Agreement between the Trust and WTAM. As
compensation for services rendered, facilities furnished, and expenses borne by
WTAM, each Fund pays WTAM a fee, as listed below, which is accrued daily and
paid monthly, based on the average daily net assets of the Fund.
--------------------------------------------------------------------------
Fund Fee Rate
--------------------------------------------------------------------------
Total Dividend Fund 0.28%
--------------------------------------------------------------------------
High-Yielding Equity Fund 0.38%
--------------------------------------------------------------------------
LargeCap Dividend Fund 0.28%
--------------------------------------------------------------------------
Dividend Top 100 Fund 0.38%
--------------------------------------------------------------------------
MidCap Dividend Fund 0.38%
--------------------------------------------------------------------------
SmallCap Dividend Fund 0.38%
--------------------------------------------------------------------------
Each Fund may purchase shares of an affiliated exchange traded fund(s) in
secondary market transactions. For the six months ended September 30, 2007,
there were no transactions in affiliated ETFs.
Pursuant to a separate contractual arrangement, effective August 1, 2007, WTAM
has arranged for the provision of chief compliance officer ("CCO") services to
the Trust, 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 paid by each Fund of up to 0.0044% of the Fund's average
daily net assets.
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2007, there was an unlimited number of $0.001 par value
shares of beneficial interest authorized by the Trust. Shares are issued and
redeemed by each Fund only in Creation Units or multiples thereof. Except when
aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in shares for each Fund are disclosed in detail in the Statements
of Changes in Net Assets. The consideration for the purchase of Creation Units
of a Fund generally consists of the in-kind contribution of a designated
portfolio of equity securities constituting a portfolio sampling representation
of the securities included in the relevant Fund's underlying index and an amount
of cash. Investors purchasing and redeeming Creation Units may be charged a
purchase transaction fee and a redemption transaction fee to offset transfer and
other transaction costs associated with the issuance and redemption of Creation
Units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions
and short-term investments) for the six months ended September 30, 2007 were as
follows:
------------------------------------------------------------
Fund Purchases Sales
------------------------------------------------------------
Total Dividend Fund $ 3,402,134 $ 3,638,396
------------------------------------------------------------
High-Yielding Equity Fund 12,875,916 12,863,048
------------------------------------------------------------
LargeCap Dividend Fund 7,893,847 8,690,854
------------------------------------------------------------
Dividend Top 100 Fund 8,107,640 8,126,747
------------------------------------------------------------
MidCap Dividend Fund 10,519,906 10,880,151
------------------------------------------------------------
SmallCap Dividend Fund 13,695,826 13,825,924
------------------------------------------------------------
For the six months ended September 30, 2007, the cost of in-kind purchases and
the proceeds from in-kind redemptions were as follows:
Fund Purchases Redemptions
------------------------------------------------------------
Total Dividend Fund $ 15,178,738 $ 9,085,603
------------------------------------------------------------
High-Yielding Equity Fund 39,005,945 31,675,262
------------------------------------------------------------
LargeCap Dividend Fund 100,016,182 104,465,948
------------------------------------------------------------
Dividend Top 100 Fund 43,008,415 14,861,007
------------------------------------------------------------
MidCap Dividend Fund 43,058,881 11,052,590
------------------------------------------------------------
SmallCap Dividend Fund 35,225,928 13,606,838
------------------------------------------------------------
56 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (unaudited) (concluded)
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
6. FEDERAL INCOME TAXES
At September 30, 2007, the cost of investments (including securities on loan)
for Federal income tax purposes was substantially the same as for book purposes,
as indicated below:
---------------------------------------------------------------------------------------------------
Net Unrealized
Gross Unrealized Gross Unrealized Appreciation
Fund Tax Cost Appreciation Depreciation (Depreciation)
---------------------------------------------------------------------------------------------------
Total Dividend Fund $ 94,728,550 $ 9,719,768 $ (2,789,761) $6,930,007
---------------------------------------------------------------------------------------------------
High-Yielding Equity Fund 221,753,884 15,250,733 (9,471,966) 5,778,767
---------------------------------------------------------------------------------------------------
LargeCap Dividend Fund 338,169,062 28,011,123 (10,445,170) 17,565,953
---------------------------------------------------------------------------------------------------
Dividend Top 100 Fund 227,895,971 15,689,222 (8,036,019) 7,653,203
---------------------------------------------------------------------------------------------------
MidCap Dividend Fund 116,257,484 4,863,359 (6,386,721) (1,523,362)
---------------------------------------------------------------------------------------------------
SmallCap Dividend Fund 146,980,220 5,511,025 (11,562,642) (6,051,617)
---------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On September 15, 2006, the FASB released Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("FAS 157") which provides enhanced
guidance for measuring fair value. The standard requires companies to provide
expanded information about the assets and liabilities measured at fair value and
the potential effect of these fair valuations on an entity's financial
performance. The standard does not expand the use of fair value in any new
circumstances, but provides clarification on acceptable fair valuation methods
and applications. Adoption of FAS 157 is required for fiscal years beginning
after November 15, 2007 and interim periods within those fiscal years. At this
time, management does not believe the adoption of FAS 157 will impact the
amounts reported in the financial statements; however, additional disclosures
will be required about the inputs used to develop the measurements of fair value
and the effect of certain measurements reported in the Statements of Operations
for the fiscal period.
8. SUBSEQUENT EVENT
Effective October 30, 2007, the Trust launched the WisdomTree Emerging Markets
SmallCap Dividend Fund (DGS). The Fund has an expense ratio of 0.63%.
WisdomTree Domestic Dividend Funds 57
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net
asset value ("NAV") of each Fund and the market trading price of shares of each
Fund. For these purposes, the "market price" is the mid-point of the highest bid
and lowest offer for Fund shares as of the close of trading on the exchange
where Fund shares are listed. The term "premium" is sometimes used to describe a
market price in excess of NAV and the term "discount" is sometimes used to
describe a market price below NAV. The chart presents information about the size
and frequency of premiums or discounts. As with other exchange traded funds, the
market price of Fund shares is typically slightly higher or lower than the
Fund's per share NAV. Factors that contribute to the differences between market
price and NAV include the supply and demand for Fund shares and investors'
assessments of the underlying value of a Fund's portfolio securities.
-------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
-------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage
Differential of Days Total Days of Days of Total Days
-------------------------------------------------------------------------------------------------------
WisdomTree Total Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 57 45.24% 67 53.18%
----------------------------------------------------------------------
25 - 49.9 1 0.79% 1 0.79%
----------------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
Total 58 46.03% 68 53.97%
=======================================================================================================
WisdomTree High-Yielding Equity Fund
April 1, 2007 - September 30, 2007 0 - 24.9 54 42.86% 69 54.76%
----------------------------------------------------------------------
25 - 49.9 2 1.59% 1 0.79%
----------------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
Total 56 44.45% 70 55.55%
=======================================================================================================
WisdomTree LargeCap Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 64 50.80% 49 38.89%
----------------------------------------------------------------------
25 - 49.9 6 4.76% 3 2.38%
----------------------------------------------------------------------
50 - 74.9 1 0.79% 1 0.79%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 2 1.59% 0 0.00%
----------------------------------------------------------------------
Total 73 57.94% 53 42.06%
=======================================================================================================
WisdomTree Dividend Top 100 Fund
April 1, 2007 - September 30, 2007 0 - 24.9 54 42.86% 54 42.86%
----------------------------------------------------------------------
25 - 49.9 13 10.31% 2 1.59%
----------------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 2 1.59% 1 0.79%
----------------------------------------------------------------------
Total 69 54.76% 57 45.24%
=======================================================================================================
WisdomTree MidCap Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 72 57.14% 51 40.48%
----------------------------------------------------------------------
25 - 49.9 0 0.00% 1 0.79%
----------------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 2 1.59% 0 0.00%
----------------------------------------------------------------------
Total 74 58.73% 52 41.27%
=======================================================================================================
WisdomTree SmallCap Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 70 55.56% 53 42.06%
----------------------------------------------------------------------
25 - 49.9 0 0.00% 3 2.38%
----------------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
----------------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
> 100.0 0 0.00% 0 0.00%
----------------------------------------------------------------------
Total 70 55.56% 56 44.44%
=======================================================================================================
58 WisdomTree Domestic Dividend Funds
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine
how to vote proxies related to each Fund's portfolio securities, and information
on how the Trust voted proxies during the period ended June 30, 2007, is
available without charge, upon request, (i) by calling 1-866-909-WISE; (ii) on
the Trust's website at www.wisdomtree.com; and (iii) on the Securities and
Exchange Commission's ("SEC") website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings
with the SEC for their first and third quarters on Form N-Q. Copies of the
filings are available without charge, upon request on the SEC's website at
www.sec.gov and are available by calling the Trust at 1-866-909-WISE. You can
also obtain copies of Form N-Q by (i) visiting the SEC's Public Reference Room
in Washington, DC (information on the operation of the Public Reference Room may
be obtained by calling 1-800-SEC-0330); (ii) sending your request and a
duplicating fee to the SEC's Public Reference Room, Washington, DC 20549-0102;
or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com.
The Fund's Statement of Additional Information ("SAI") has additional
information about the Funds' Trustees and Officers and is available without
charge upon request. Contact your financial representative for a free prospectus
or SAI.
WisdomTree Domestic Dividend Funds 59
The WisdomTree Trust
Investment Adviser
WisdomTree Asset Management, Inc.
48 Wall Street, Suite 1100
New York, NY 10005
Investment Sub-Adviser
BNY Investment Advisors
1633 Broadway
New York, NY 10019
Administrator, Custodian & Transfer Agent
The Bank of New York
101 Barclay Street
New York, NY 10286
Distributor
ALPS Distributors, Inc.
1290 Broadway
Suite 1100
Denver, CO 80203
Independent Registered Public Accounting Firm
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Ropes & Gray LLP
1211 Avenue of the Americas
New York, NY 10036
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols as of September 30, 2007:
WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree High-Yielding Equity Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend Top 100 Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA High-Yielding Equity Fund (DTH)
WisdomTree Europe Total Dividend Fund (DEB)
WisdomTree Europe High-Yielding Equity Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan High-Yielding Equity Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend Top 100 Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Emerging Markets High-Yielding Equity Fund (DEM)
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Materials Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree Domestic Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
The WisdomTree Funds are exchange traded funds ("ETFs") registered with the
United States Securities and Exchange Commission ("SEC") as series of WisdomTree
Trust ("Trust"). WisdomTree Asset Management, Inc., a wholly owned subsidiary of
WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree
Trust. None of the WisdomTree entities are affiliated with ALPS Distributors,
Inc., the Funds' distributor. WisdomTree Investments, its affiliates and their
independent providers are not liable for any informational errors,
incompleteness, or delays, or for any actions taken in reliance on information
contained herein.
Investors should consider the investment objectives, risks, charges and expenses
of the funds carefully before investing. A prospectus, containing this and other
information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE
(9473). Investors should read the prospectus carefully before investing. There
are risks associated with investing, including possible loss of principal. Past
performance does not guarantee future results. Indexes are unmanaged and you can
not invest directly in an index.
In addition to the normal risks associated with investing, foreign investing
involves special risks, such as risk of loss from currency fluctuation or
political or economic uncertainty. Funds focusing on a single country, sector,
and/or funds that emphasize investments in smaller companies may experience
greater price volatility. Investments in real estate involve additional special
risks, such as credit risk, interest rate fluctuations and the effect of varied
economic conditions. 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.
[LOGO]
WISDOMTREE
Fundamental ETFs
48 Wall Street, Suite 1100
New York, NY 10005
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree Domestic Dividend ETFs
WisdomTree Total Dividend Fund
WisdomTree High-Yielding Equity Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend Top 100(SM) Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
WisdomTree Fund shares are distributed by
ALPS Distributors, Inc.
WIS000884 (11/2008)
[LOGO]
WISDOMTREE
Fundamental ETFs
WisdomTree Trust
Domestic Earnings Funds
--------------------------------------------------------------------------------
Semi-Annual Report
September 30, 2007
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree Earnings Top 100 Fund
WisdomTree Low P/E Fund
Table of Contents
Letter to Shareholders ................................. 1
Performance Summaries .................................. 3
Shareholder Expense Examples ........................... 9
Schedules of Investments
WisdomTree Total Earnings Fund ........................ 11
WisdomTree Earnings 500 Fund .......................... 23
WisdomTree MidCap Earnings Fund ....................... 30
WisdomTree SmallCap Earnings Fund ..................... 39
WisdomTree Earnings Top 100 Fund ...................... 50
WisdomTree Low P/E Fund ............................... 52
Statements of Assets and Liabilities ................... 57
Statements of Operations ............................... 58
Statements of Changes in Net Assets .................... 59
Financial Highlights ................................... 61
Notes to the Financial Statements ...................... 64
Frequency Distribution of Discounts & Premiums ......... 68
General Information .................................... 69
"WisdomTree", "WisdomTree Investments" and "Dividend Top 100" are service marks
of WisdomTree Investments, Inc. and are licensed for use by the Trust.
Letter to Shareholders
Dear Shareholders:
It is a pleasure to report to you on the progress of the WisdomTree Trust for
the six-month period ended September 30, 2007.
WisdomTree is committed to providing investors with viable alternatives to
cap-weighted index funds. Two recent launches underscore our intention to serve
investors in unique ways. In June, the company launched the first fundamentally
weighted international real estate exchange traded fund (DRW). In July,
WisdomTree listed the first fundamentally weighted emerging markets ETF (DEM),
comprised of dividend-paying companies selected from 19 emerging market nations.
When combined with WisdomTree's 14 developed market ETFs and 10 pure non-U.S.
sector ETFs, our international offerings stood at 26 as of September 30, 2007,
distinguishing WisdomTree's international line-up as one of the most
comprehensive in the industry today. As of September 30, 2007, WisdomTree Trust
assets totaled $4.4 billion, with approximately 71% of total assets under
management invested in WisdomTree's international product set.
The highest returns over this six-month period were generated outside the U.S.
Equity markets in the Pacific region excluding Japan showed the greatest
strength relative to other parts of the developed market, while Japanese equity
markets continued to lag. WisdomTree's best-performing fund was its Pacific
ex-Japan Total Dividend Fund (DND), which returned 24.40% for the six-month
period ended September 30, 2007. The WisdomTree Japan High-Yielding Equity Fund
(DNL), which lost 5.74% for the period, was WisdomTree's worst performing fund
over this time frame. However, WisdomTree's broadest international ETF, the
WisdomTree DEFA Fund (DWM), benefited from Japan's relative weakness. DWM, which
is underweight Japanese stocks relative to the MSCI EAFE Index, returned 10.63%
for the period, surpassing the MSCI EAFE Index by 1.91 percentage points for the
six-month period ended September 30, 2007.*
On the domestic front, WisdomTree's fundamentally-weighted ETFs ran into two
head winds: weakness in the financial and real estate industries, coupled with
the re-emergence of growth stocks. Buffeted by investor concerns over exposure
to sub-prime housing loans, financial stocks have been the worst performing
sector of the U.S. economy in 2007. The weakness in financials contributed to
value stocks, measured by the Russell 3000 Value Index, underperforming growth
stocks, measured by the Russell 3000 Growth Index, for first time since 1999.
Specific performance information for WisdomTree's funds, relative to their
underlying WisdomTree index and a comparable benchmark, is provided in the pages
that follow.
Thank you for your continued support.
Best regards,
/s/ Jonathan Steinberg
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
The sources and forecasts expressed are as of September 30, 2007 and may not
actually come to pass. This information is subject to change at any time based
on market and other conditions and should not be construed as a recommendation
of any specific security.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
* Performance Information for the MSCI EAFE Index assumed the reinvestment
of net dividends and excludes management fees, transaction costs and
expenses. You cannot invest directly in an index.
WisdomTree Domestic Earnings Funds 1
Letter to Shareholders (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.
The MSCI EAFE Index is a market cap-weighted index composed of company's
representative of the developed market structure of 21 developed countries in
Europe, Australasia and Japan.
The Russell 3000 Value Index measures the performance of those Russell 3000
Index companies with lower price-to-book ratios and lower forecasted growth
values.
The Russell 3000 Growth Index measures the performance of those Russell 3000
Index companies with higher price-to-book ratios and higher forecasted growth
values.
2 WisdomTree Domestic Earnings Funds
Performance Summary
WisdomTree Total Earnings Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 22.8%
Energy 16.7%
Industrials 11.6%
Technology 10.8%
Consumer Discretionary 9.3%
Health Care 9.2%
Consumer Staples 8.8%
Materials 4.3%
Utilities 3.8%
Telecommunication Services 2.7%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------
Description % of Net Assets
------------------------------------------
Exxon Mobil Corp. 5.1%
------------------------------------------
Chevron Corp. 2.3%
------------------------------------------
General Electric Co. 2.2%
------------------------------------------
ConocoPhillips 2.0%
------------------------------------------
Bank of America Corp. 2.0%
------------------------------------------
Citigroup, Inc. 1.9%
------------------------------------------
Microsoft Corp. 1.3%
------------------------------------------
Pfizer, Inc. 1.2%
------------------------------------------
AT&T, Inc. 1.2%
------------------------------------------
JPMorgan Chase & Co. 1.2%
------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Total Earnings Fund seeks investment results that correspond to the
price and yield performance, before fees and expenses, of the WisdomTree
Earnings Index.
The WisdomTree Total Earnings Fund (EXT) returned 6.95% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Energy contributed most significantly to this
performance; the sector comprised on average 15.35% of the Fund and returned
22.28% over the period. Exxon Mobil Corp. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.28%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------------
WisdomTree
Net Asset Value Market Price Earnings Index Russell 3000 Index
------------------------------------------------------------------------------------------------
Six Months 6.95% 6.95% 6.93% 7.40%
------------------------------------------------------------------------------------------------
Since Inception(1) 5.04% 5.02% 5.02% 5.16%
------------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Earnings Funds 3
Performance Summary
WisdomTree Earnings 500 Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 23.1%
Energy 17.9%
Industrials 11.0%
Technology 10.7%
Health Care 9.5%
Consumer Staples 9.5%
Consumer Discretionary 8.1%
Utilities 3.7%
Materials 3.5%
Telecommunication Services 3.0%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Description % of Net Assets
-------------------------------------------------
Exxon Mobil Corp. 5.9%
-------------------------------------------------
Chevron Corp. 2.7%
-------------------------------------------------
General Electric Co. 2.6%
-------------------------------------------------
ConocoPhillips 2.5%
-------------------------------------------------
Bank of America Corp. 2.3%
-------------------------------------------------
Citigroup, Inc. 2.2%
-------------------------------------------------
Microsoft Corp. 1.6%
-------------------------------------------------
American International Group, Inc. 1.4%
-------------------------------------------------
Pfizer, Inc. 1.4%
-------------------------------------------------
AT&T, Inc. 1.4%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Earnings 500 Fund seeks investment results that correspond to the
price and yield performance, before fees and expenses, of the WisdomTree
Earnings 500 Index.
The WisdomTree Earnings 500 Fund (EPS) returned 7.85% at NAV, for the six month
period ending September 30, 2007 (for more complete performance information,
please see below). Energy contributed most significantly to this performance;
the sector comprised on average 16.49% of the Fund and returned 23.07% over the
period. Exxon Mobil Corp. was the top contributor to the performance for the
period. Financials was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.28%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Cumulative Total Return
----------------------------------------------------------------------------------------
WisdomTree
Earnings 500
Net Asset Value Market Price Index S&P 500 Index
----------------------------------------------------------------------------------------
Six Months 7.85% 7.80% 8.03% 8.44%
----------------------------------------------------------------------------------------
Since Inception(1) 6.05% 6.05% 6.26% 6.35%
----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
4 WisdomTree Domestic Earnings Funds
Performance Summary
WisdomTree MidCap Earnings Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 19.7%
Consumer Discretionary 17.4%
Industrials 14.5%
Technology 10.5%
Materials 10.2%
Energy 9.9%
Health Care 7.5%
Utilities 5.5%
Consumer Staples 4.3%
Telecommunication Services 0.5%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------
Description % of Net Assets
--------------------------------------------------
Rite Aid Corp. 1.1%
--------------------------------------------------
Florida Rock Industries, Inc. 0.6%
--------------------------------------------------
Patterson-UTI Energy, Inc. 0.6%
--------------------------------------------------
Reliance Steel & Aluminum Co. 0.6%
--------------------------------------------------
Goodyear Tire & Rubber Co. (The) 0.6%
--------------------------------------------------
Steel Dynamics, Inc. 0.5%
--------------------------------------------------
Western Digital Corp. 0.5%
--------------------------------------------------
Cleveland-Cliffs, Inc. 0.5%
--------------------------------------------------
Frontier Oil Corp. 0.5%
--------------------------------------------------
Allied Capital Corp. 0.5%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree MidCap Earnings Fund seeks investment results that correspond to the
price and yield performance, before fees and expenses, of the WisdomTree MidCap
Earnings Index.
The WisdomTree MidCap Earnings Fund (EZM) returned 1.44% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Energy contributed most significantly to this
performance; the sector comprised on average 9.41% of the Fund and returned
14.08% over the period. Western Digital Corp. was the top contributor to the
performance for the period. Consumer Discretionary was the biggest detractor to
the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree
MidCap Earnings S&P MidCap
Net Asset Value Market Price Index 400 Index
-----------------------------------------------------------------------------------------
Six Months 1.44% 1.25% 1.41% 4.92%
-----------------------------------------------------------------------------------------
Since Inception(1) (0.97)% (0.93)% (0.91)% 2.74%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Earnings Funds 5
Performance Summary
WisdomTree SmallCap Earnings Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 23.7%
Industrials 21.4%
Consumer Discretionary 15.9%
Technology 13.5%
Health Care 7.3%
Energy 6.3%
Materials 5.5%
Consumer Staples 3.2%
Utilities 1.8%
Telecommunication Services 1.4%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
Encore Wire Corp. 0.7%
--------------------------------------------------
Champion Enterprises, Inc. 0.6%
--------------------------------------------------
Visteon Corp. 0.6%
--------------------------------------------------
Plexus Corp. 0.5%
--------------------------------------------------
Ocwen Financial Corp. 0.5%
--------------------------------------------------
Metal Management, Inc. 0.5%
--------------------------------------------------
Brookfield Homes Corp. 0.5%
--------------------------------------------------
Omnivision Technologies, Inc. 0.4%
--------------------------------------------------
Imergent, Inc. 0.4%
--------------------------------------------------
PolyOne Corp. 0.4%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree SmallCap Earnings Fund seeks investment results that correspond to
the price and yield performance, before fees and expenses, of the WisdomTree
SmallCap Earnings Index.
The WisdomTree SmallCap Earnings Fund (EES) returned -3.87% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Technology contributed most significantly to
this performance; the sector comprised on average 12.55% of the Fund and
returned 9.90% over the period. Plexus Corp. was the top contributor to the
performance for the period. Consumer Discretionary was the biggest detractor to
the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------------
WisdomTree
SmallCap
Net Asset Value Market Price Earnings Index Russell 2000 Index
------------------------------------------------------------------------------------------------
Six Months (3.87)% (3.99)% (3.79)% 1.19%
------------------------------------------------------------------------------------------------
Since Inception(1) (7.63)% (7.89)% (7.50)% (1.83)%
------------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
6 WisdomTree Domestic Earnings Funds
Performance Summary
WisdomTree Earnings Top 100 Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 31.5%
Energy 24.0%
Industrials 12.8%
Materials 9.8%
Consumer Discretionary 6.2%
Utilities 5.0%
Consumer Staples 3.9%
Health Care 3.6%
Technology 2.4%
Telecommunication Services 0.8%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
---------------------------------------------
Description % of Net Assets
---------------------------------------------
Southern Copper Corp. 2.7%
---------------------------------------------
Freeport-McMoRan Copper &
Gold, Inc. 2.3%
---------------------------------------------
Valero Energy Corp. 2.2%
---------------------------------------------
Marathon Oil Corp. 2.0%
---------------------------------------------
ConocoPhillips 1.9%
---------------------------------------------
Anadarko Petroleum Corp. 1.9%
---------------------------------------------
Hess Corp. 1.8%
---------------------------------------------
Apache Corp. 1.8%
---------------------------------------------
Chesapeake Energy Corp. 1.6%
---------------------------------------------
Chevron Corp. 1.5%
---------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Earnings Top 100 Fund seeks investment results that correspond to the
price and yield performance, before fees and expenses, of the WisdomTree
Earnings Top 100 Index.
The WisdomTree Earnings Top 100 Fund (EEZ) returned 6.88% at NAV, for the six
month period ending September 30, 2007 (for more complete performance
information, please see below). Energy contributed most significantly to this
performance; the sector comprised on average 22.34% of the Fund and returned
18.96% over the period. Southern Copper Corp. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Cumulative Total Return
----------------------------------------------------------------------------------------
WisdomTree
Earnings Top Russell 1000
Net Asset Value Market Price 100 Index Value Index
----------------------------------------------------------------------------------------
Six Months 6.88% 6.86% 7.11% 4.67%
----------------------------------------------------------------------------------------
Since Inception(1) 5.39% 5.50% 5.65% 3.31%
----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree Domestic Earnings Funds 7
Performance Summary
WisdomTree Low P/E Fund
Sector Breakdown+ as of 9/30/07++
--------------------------------------
[PIE CHART]
Financials 32.2%
Energy 27.1%
Industrials 7.5%
Consumer Discretionary 6.7%
Consumer Staples 5.9%
Health Care 5.8%
Materials 5.3%
Technology 4.5%
Utilities 3.0%
Telecommunication Services 2.0%
--------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------
Description % of Net Assets
------------------------------------------
Exxon Mobil Corp. 8.9%
------------------------------------------
Chevron Corp. 4.1%
------------------------------------------
ConocoPhillips 3.6%
------------------------------------------
Bank of America Corp. 3.4%
------------------------------------------
Citigroup, Inc. 3.3%
------------------------------------------
JPMorgan Chase & Co. 2.1%
------------------------------------------
Pfizer, Inc. 2.1%
------------------------------------------
American International
Group, Inc. 2.1%
------------------------------------------
Wal-Mart Stores, Inc. 2.0%
------------------------------------------
International Business
Machines Corp. 2.0%
------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Low P/E Fund seeks investment results that correspond to the price
and yield performance, before fees and expenses, of the WisdomTree Low P/E
Index.
The WisdomTree Low P/E Fund (EZY) returned 5.74% at NAV, for the six month
period ending September 30, 2007 (for more complete performance information,
please see below). Energy contributed most significantly to this performance;
the sector comprised on average 24.61% of the Fund and returned 21.88% over the
period. Exxon Mobil Corp. was the top contributor to the performance for the
period. Financials was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.38%.
Performance as of 9/30/07
-------------------------------------------------------------------------------------------
Cumulative Total Return
-------------------------------------------------------------------------------------------
WisdomTree Low Russsell 1000
Net Asset Value Market Price P/E Index Value Index
-------------------------------------------------------------------------------------------
Six Months 5.74% 5.96% 5.72% 4.67%
-------------------------------------------------------------------------------------------
Since Inception(1) 3.95% 4.25% 3.86% 3.31%
-------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
AMEX on February 23, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
8 WisdomTree Domestic Earnings Funds
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 April 1, 2007 to September 30, 2007.
Actual expenses
The first line under each Fund in the table on the next page provides
information about actual account values and actual expenses. You may use the
information in this line, together with the amount you invested, to estimate the
expenses that you paid over the period. Simply divide your account value by
$1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then
multiply the result by the number in the first line for your Fund under the
heading entitled "Expenses Paid During Period 4/01/07 to 9/30/07" 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 Earnings Funds 9
Shareholder Expense Examples (unaudited) (concluded)
-------------------------------------------------------------------------------------------------------------------
Annualized
Expense Ratio Expenses Paid
Based on the During the
Beginning Ending Period Period+
Account Value Account Value 4/01/07 to 4/01/07 to
4/01/07 9/30/07 9/30/07 9/30/07
-------------------------------------------------------------------------------------------------------------------
WisdomTree Total Earnings Fund
Actual $ 1,000.00 $ 1,069.53 0.28% $ 1.46
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.59 0.28% $ 1.42
-------------------------------------------------------------------------------------------------------------------
WisdomTree Earnings 500 Fund
Actual $ 1,000.00 $ 1,078.52 0.28% $ 1.47
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.59 0.28% $ 1.43
-------------------------------------------------------------------------------------------------------------------
WisdomTree MidCap Earnings Fund
Actual $ 1,000.00 $ 1,014.36 0.38% $ 1.93
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree SmallCap Earnings Fund
Actual $ 1,000.00 $ 961.35 0.38% $ 1.87
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree Earnings Top 100 Fund
Actual $ 1,000.00 $ 1,068.78 0.38% $ 1.97
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
WisdomTree Low P/E Fund
Actual $ 1,000.00 $ 1,057.38 0.38% $ 1.96
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,023.09 0.38% $ 1.93
-------------------------------------------------------------------------------------------------------------------
+ Expenses are calculated using each Fund's annualized expense ratio,
multiplied by the average account value for the period, multiplied by
183/366 (to reflect one-half year period).
10 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited)
WisdomTree Total Earnings Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Aerospace & Defense - 2.4%
Alliant Techsystems, Inc.* 49 $ 5,356
BE Aerospace, Inc.* 147 6,105
Boeing Co. (The) 560 58,794
Curtiss-Wright Corp. 119 5,653
DRS Technologies, Inc. 83 4,575
General Dynamics Corp. 413 34,886
Goodrich Corp. 196 13,373
Hexcel Corp.* 231 5,246
Honeywell International, Inc. 945 56,199
L-3 Communications Holdings, Inc. 133 13,585
Lockheed Martin Corp. 504 54,679
Moog, Inc. Class A* 112 4,921
Northrop Grumman Corp. 385 30,030
Precision Castparts Corp. 112 16,574
Raytheon Co. 511 32,612
Rockwell Collins, Inc. 140 10,226
United Technologies Corp. 1,064 85,630
-------
Total Aerospace & Defense 438,444
------------------------------------------------------------------------
Air Freight & Logistics - 0.7%
C.H. Robinson Worldwide, Inc. 112 6,080
Expeditors International Washington, Inc. 112 5,298
FedEx Corp. 308 32,263
United Parcel Service Inc. Class B 1,015 76,227
-------
Total Air Freight & Logistics 119,868
------------------------------------------------------------------------
Airlines - 0.1%
Continental Airlines, Inc. Class B* 120 3,964
ExpressJet Holdings, Inc.* 150 464
Pinnacle Airlines Corp.* 92 1,474
Republic Airways Holdings, Inc.* 12 254
Skywest, Inc. 161 4,052
Southwest Airlines Co. 623 9,220
US Airways Group, Inc.* 77 2,021
-------
Total Airlines 21,449
------------------------------------------------------------------------
Auto Components - 0.4%
ArvinMeritor, Inc. 24 404
Autoliv, Inc. 138 8,246
BorgWarner, Inc. 78 7,139
Gentex Corp. 245 5,253
Goodyear Tire & Rubber Co. (The)* 315 9,579
Johnson Controls, Inc. 238 28,109
Sauer-Danfoss, Inc. 112 2,988
Spartan Motors, Inc. 1 17
TRW Automotive Holdings Corp.* 194 6,146
Visteon Corp.* 610 3,142
WABCO Holdings Inc. 62 2,899
-------
Total Auto Components 73,922
------------------------------------------------------------------------
Automobiles - 0.1%
Harley-Davidson, Inc. 287 13,262
Thor Industries, Inc. 113 5,084
-------
Total Automobiles 18,346
------------------------------------------------------------------------
Beverages - 1.7%
Anheuser-Busch Cos., Inc. 768 38,392
Brown-Forman Corp. Class B 119 8,914
Coca-Cola Co. (The) 1,982 113,906
Coca-Cola Enterprises, Inc. 497 12,037
Constellation Brands, Inc. Class A* 203 4,915
Molson Coors Brewing Co. Class B 70 6,977
Pepsi Bottling Group, Inc. 287 10,668
PepsiAmericas, Inc. 203 6,585
PepsiCo, Inc. 1,483 108,645
-------
Total Beverages 311,039
------------------------------------------------------------------------
Biotechnology - 0.7%
Amgen, Inc.* 784 44,350
Biogen Idec, Inc.* 91 6,036
Cephalon, Inc.* 63 4,603
Genentech, Inc.* 427 33,315
Genzyme Corp.* 133 8,241
Gilead Sciences, Inc.* 448 18,310
ImClone Systems, Inc.* 189 7,813
-------
Total Biotechnology 122,668
------------------------------------------------------------------------
Building Products - 0.2%
American Standard Cos., Inc. 217 7,730
Gibraltar Industries, Inc. 129 2,387
Lennox International, Inc. 126 4,259
Masco Corp. 602 13,947
Simpson Manufacturing Co., Inc. 126 4,013
USG Corp.* 120 4,506
-------
Total Building Products 36,842
------------------------------------------------------------------------
Capital Markets - 3.8%
Affiliated Managers Group, Inc.* 42 5,355
Allied Capital Corp.(a) 322 9,464
American Capital Strategies Ltd.(a) 287 12,264
Apollo Investment Corp. 189 3,931
Bank of New York Mellon Corp. (The) 1,024 45,199
Bear Stearns & Co., Inc. (The) 231 28,369
BlackRock, Inc. 28 4,855
Charles Schwab Corp. (The) 931 20,110
E*Trade Financial Corp.* 399 5,211
Eaton Vance Corp. 126 5,035
Federated Investors, Inc. Class B 126 5,002
Franklin Resources, Inc. 147 18,743
GFI Group, Inc.* 70 6,028
Goldman Sachs Group, Inc. 763 165,372
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 11
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
-----------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------
Greenhill & Co., Inc. 63 $ 3,846
Investment Technology Group, Inc.* 98 4,212
Janus Capital Group, Inc. 203 5,741
Jefferies Group, Inc. 154 4,286
Knight Capital Group, Inc. Class A* 252 3,014
LaBranche & Co., Inc.* 799 3,739
Legg Mason, Inc. 112 9,440
Lehman Brothers Holdings, Inc. 931 57,471
Merrill Lynch & Co., Inc. 1,071 76,341
Morgan Stanley 1,731 109,053
Northern Trust Corp. 210 13,917
Nuveen Investments, Inc. Class A 84 5,203
Prospect Capital Corp. 31 528
Raymond James Financial, Inc. 140 4,599
SEI Investments Co. 140 3,819
State Street Corp. 311 21,198
T. Rowe Price Group, Inc. 210 11,695
TD Ameritrade Holding Corp.* 539 9,821
Waddell & Reed Financial, Inc. Class A 175 4,730
-------
Total Capital Markets 687,591
-----------------------------------------------------------------------
Chemicals - 1.9%
Air Products & Chemicals, Inc. 175 17,108
Airgas, Inc. 105 5,421
Albemarle Corp. 112 4,950
Ashland, Inc. 63 3,793
Cabot Corp. 91 3,233
Celanese Corp. Series A 238 9,277
CF Industries Holdings, Inc. 128 9,716
Cytec Industries, Inc. 70 4,787
Dow Chemical Co. (The) 1,580 68,036
E.I. Du Pont de Nemours & Co. 938 46,488
Eastman Chemical Co. 133 8,875
Ecolab, Inc. 154 7,269
FMC Corp. 126 6,555
Hercules, Inc. 217 4,561
Huntsman Corp. 329 8,715
International Flavors & Fragrances, Inc. 91 4,810
Lubrizol Corp. 84 5,465
Lyondell Chemical Co. 462 21,414
Monsanto Co. 280 24,007
Nalco Holding Co. 182 5,396
PPG Industries, Inc. 217 16,394
Praxair, Inc. 287 24,039
Rockwood Holdings, Inc.* 161 5,769
Rohm & Haas Co. 266 14,808
Scotts Miracle-Gro Co. (The) Class A 77 3,292
Sigma-Aldrich Corp. 126 6,141
Valhi, Inc. 138 3,278
Valspar Corp. (The) 154 4,190
Westlake Chemical Corp. 147 3,724
-------
Total Chemicals 351,511
-----------------------------------------------------------------------
Commercial Banks - 4.3%
Associated Banc-Corp 182 5,393
BancorpSouth, Inc. 168 4,082
BancTrust Financial Group, Inc. 132 2,101
Bank of Florida Corp.* 280 4,558
Bank of Hawaii Corp. 84 4,439
BB&T Corp. 728 29,404
BOK Financial Corp. 84 4,318
Cadence Financial Corp. 307 5,403
Cathay General Bancorp 126 4,058
Citizens Banking Corp. 182 2,932
City National Corp. 63 4,379
Colonial BancGroup, Inc. (The) 189 4,086
Comerica, Inc. 252 12,923
Commerce Bancorp, Inc. 133 5,158
Commerce Bancshares, Inc. 84 3,855
Community Banks, Inc. 13 387
Cullen/Frost Bankers, Inc. 84 4,210
East West Bancorp, Inc. 112 4,028
Fifth Third Bancorp 686 23,242
First Citizens BancShares, Inc. Class A 21 3,662
First Horizon National Corp. 133 3,546
First Midwest Bancorp, Inc. 119 4,065
FirstMerit Corp. 196 3,873
FNB Corp./VA 125 3,761
Fulton Financial Corp. 273 3,926
Huntington Bancshares, Inc. 430 7,301
International Bancshares Corp. 161 3,494
Intervest Bancshares Corp. 204 5,049
KeyCorp 609 19,689
M&T Bank Corp. 133 13,759
MainSource Financial Group, Inc. 342 6,029
Marshall & Ilsley Corp. 308 13,481
Mercantile Bank Corp. 160 3,434
National City Corp. 952 23,886
Peoples Bancorp, Inc. 211 5,524
PNC Financial Services Group, Inc. (The) 706 48,079
Popular, Inc. 293 3,598
Regions Financial Corp. 637 18,779
South Financial Group, Inc. (The) 168 3,820
SunTrust Banks, Inc. 462 34,960
Synovus Financial Corp. 364 10,210
TCF Financial Corp. 182 4,765
Temecula Valley Bancorp, Inc.(a) 236 4,005
Trustmark Corp. 147 4,122
U.S. Bancorp 2,477 80,577
UCBH Holdings, Inc. 224 3,916
Umpqua Holdings Corp. 54 1,081
UnionBanCal Corp. 217 12,675
Valley National Bancorp 180 3,992
W Holding Co., Inc. 930 2,083
Wachovia Corp. 2,372 118,956
See Notes to Financial Statements.
12 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
---------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------
Wells Fargo & Co. 4,289 $152,774
Whitney Holding Corp. 133 3,509
Wilmington Trust Corp. 98 3,812
Zions Bancorp. 133 9,133
--------
Total Commercial Banks 778,281
---------------------------------------------------------------------
Commercial Services & Supplies - 0.8%
Allied Waste Industries, Inc.* 350 4,463
Avery Dennison Corp. 84 4,790
Brady Corp. Class A 126 4,521
Brink's Co. (The) 70 3,912
ChoicePoint, Inc.* 112 4,247
Cintas Corp. 147 5,454
Copart, Inc.* 147 5,055
Corporate Executive Board Co. 56 4,157
Corrections Corp. of America* 168 4,397
Covanta Holding Corp.* 189 4,632
Deluxe Corp. 140 5,158
Dun & Bradstreet Corp. 56 5,522
Equifax, Inc. 126 4,803
Herman Miller, Inc. 112 3,040
HNI Corp. 91 3,276
IKON Office Solutions, Inc. 301 3,868
M&F Worldwide Corp.* 23 1,154
Manpower, Inc. 77 4,955
Monster Worldwide, Inc.* 84 2,861
Pitney Bowes, Inc. 203 9,220
R.R. Donnelley & Sons Co. 189 6,910
Republic Services, Inc. 189 6,182
Robert Half International, Inc. 140 4,180
Steelcase, Inc. Class A 210 3,776
Stericycle, Inc.* 112 6,402
TeleTech Holdings, Inc.* 125 2,989
United Stationers, Inc.* 15 833
Waste Connections, Inc.* 153 4,859
Waste Management, Inc. 581 21,926
Watson Wyatt Worldwide, Inc. Class A 91 4,090
--------
Total Commercial Services & Supplies 151,632
---------------------------------------------------------------------
Communications Equipment - 1.7%
Adtran, Inc. 56 1,290
Arris Group, Inc.* 20 247
Avaya, Inc.* 335 5,682
Cisco Systems, Inc.* 3,796 125,685
CommScope, Inc.* 20 1,005
Corning, Inc. 1,281 31,577
F5 Networks, Inc.* 112 4,165
Foundry Networks, Inc.* 287 5,100
Harris Corp. 126 7,282
InterDigital, Inc.* 52 1,081
Juniper Networks, Inc.* 231 8,457
Motorola, Inc. 3,068 56,849
Polycom, Inc.* 126 3,384
Qualcomm, Inc. 1,162 49,106
Tellabs, Inc.* 530 5,046
--------
Total Communications Equipment 305,956
---------------------------------------------------------------------
Computers & Peripherals - 2.7%
Apple, Inc.* 315 48,365
Brocade Communications Systems, Inc.* 433 3,706
Dell, Inc.* 1,239 34,196
Diebold, Inc. 91 4,133
EMC Corp. 1,359 28,267
Hewlett-Packard Co. 2,330 116,012
International Business Machines Corp. 1,755 206,740
Intevac, Inc.* 87 1,322
Lexmark International, Inc. Class A* 84 3,489
NCR Corp.* 189 9,412
Network Appliance, Inc.* 119 3,202
Palm, Inc. 588 9,567
QLogic Corp.* 238 3,201
SanDisk Corp.* 154 8,485
Western Digital Corp.* 519 13,141
--------
Total Computers & Peripherals 493,238
---------------------------------------------------------------------
Construction & Engineering - 0.3%
EMCOR Group, Inc.* 154 4,829
Fluor Corp. 56 8,062
Granite Construction Inc. 77 4,083
Jacobs Engineering Group, Inc.* 98 7,407
Quanta Services, Inc.* 210 5,555
Shaw Group, Inc. (The)* 126 7,321
URS Corp.* 98 5,532
Washington Group International, Inc.* 77 6,761
--------
Total Construction & Engineering 49,550
---------------------------------------------------------------------
Construction Materials - 0.1%
Eagle Materials, Inc. 91 3,252
Florida Rock Industries, Inc. 91 5,687
Martin Marietta Materials, Inc. 42 5,609
Vulcan Materials Co. 91 8,113
--------
Total Construction Materials 22,661
---------------------------------------------------------------------
Consumer Finance - 0.9%
Advanta Corp. Class B 28 768
American Express Co. 1,043 61,922
AmeriCredit Corp.* 258 4,536
Capital One Financial Corp. 574 38,131
CompuCredit Corp.* 126 2,735
Discover Financial Services 860 17,888
First Marblehead Corp. (The) 140 5,310
SLM Corp. 595 29,554
Student Loan Corp. (The) 28 5,049
--------
Total Consumer Finance 165,893
---------------------------------------------------------------------
Consumer Staples - 0.1%
SUPERVALU, Inc. 245 9,557
---------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 13
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------
Containers & Packaging - 0.2%
Ball Corp. 126 $ 6,773
Bemis Co. Inc. 126 3,668
Greif, Inc. Class A 70 4,248
Packaging Corp. of America 189 5,494
Pactiv Corp.* 133 3,812
Sealed Air Corp. 168 4,294
Silgan Holdings, Inc. 84 4,515
Sonoco Products Co. 112 3,380
Temple-Inland, Inc. 133 6,999
-------
Total Containers & Packaging 43,183
----------------------------------------------------------------------------
Distributors - 0.1%
Building Materials Holding Corp. 91 963
Genuine Parts Co. 182 9,100
-------
Total Distributors 10,063
----------------------------------------------------------------------------
Diversified Consumer Services - 0.3%
Apollo Group, Inc. Class A* 169 10,165
Career Education Corp.* 147 4,115
DeVry, Inc. 99 3,664
H&R Block, Inc. 329 6,968
ITT Educational Services, Inc.* 49 5,963
Regis Corp. 105 3,351
Service Corp International 399 5,147
Sotheby's 112 5,352
Weight Watchers International, Inc. 84 4,835
-------
Total Diversified Consumer Services 49,560
----------------------------------------------------------------------------
Diversified Financials - 5.3%
Bank of America Corp. 7,199 361,893
CIT Group, Inc. 350 14,070
Citigroup, Inc. 7,265 339,057
CME Group, Inc. 14 8,223
International Securities Exchange, Inc. 98 6,514
JPMorgan Chase & Co. 4,744 217,370
Moody's Corp. 175 8,820
Nasdaq Stock Market, Inc. (The)* 119 4,484
-------
Total Diversified Financials 960,431
----------------------------------------------------------------------------
Diversified Telecommunication Services - 2.2%
AT&T, Inc. 5,189 219,546
CenturyTel, Inc. 145 6,702
Cincinnati Bell, Inc.* 19 94
Citizens Communications Co. 355 5,084
Golden Telecom, Inc.* 78 6,278
NeuStar, Inc. Class A* 147 5,041
Verizon Communications, Inc. 3,264 144,529
Windstream Corp. 588 8,303
-------
Total Diversified Telecommunication Services 395,577
----------------------------------------------------------------------------
Electric Utilities - 1.6%
Allegheny Energy, Inc. 112 5,853
American Electric Power Co., Inc. 371 17,096
DPL, Inc. 147 3,860
Duke Energy Corp. 2,101 39,268
Edison International 462 25,618
Entergy Corp. 210 22,741
Exelon Corp. 637 48,003
FirstEnergy Corp. 364 23,056
FPL Group, Inc. 392 23,865
Great Plains Energy, Inc. 140 4,033
Hawaiian Electric Industries, Inc. 161 3,495
Northeast Utilities 154 4,400
Pepco Holdings, Inc. 168 4,549
Pinnacle West Capital Corp. 112 4,425
PPL Corp. 462 21,391
Progress Energy, Inc. 175 8,199
Sierra Pacific Resources 301 4,735
Southern Co. 784 28,444
Westar Energy, Inc. 161 3,954
-------
Total Electric Utilities 296,985
----------------------------------------------------------------------------
Electrical Equipment - 0.6%
Acuity Brands, Inc. 77 3,887
AMETEK, Inc. 126 5,446
Baldor Electric Co. 119 4,754
Belden CDT, Inc. 98 4,597
Emerson Electric Co. 826 43,960
Encore Wire Corp. 86 2,161
General Cable Corp.* 98 6,578
Genlyte Group, Inc.* 63 4,048
Hubbell, Inc. Class B 91 5,198
Rockwell Automation, Inc. 196 13,624
Roper Industries, Inc. 84 5,502
Thomas & Betts Corp.* 91 5,336
-------
Total Electrical Equipment 105,091
----------------------------------------------------------------------------
Electronic Equipment & Instruments - 0.6%
Agilent Technologies, Inc.* 322 11,876
Amphenol Corp. Class A 140 5,566
Arrow Electronics, Inc.* 230 9,780
Avnet, Inc.* 189 7,534
AVX Corp. 294 4,733
CDW Corp. 77 6,714
Dolby Laboratories, Inc. Class A* 133 4,631
Flir Systems, Inc.* 126 6,979
Gerber Scientific, Inc.* 17 184
Ingram Micro, Inc. Class A* 300 5,883
Jabil Circuit, Inc. 168 3,837
Mettler-Toledo International, Inc.* 49 4,998
Molex, Inc. 161 4,336
National Instruments Corp. 161 5,527
Rogers Corp.* 19 783
Solectron Corp.* 1,298 5,062
Tektronix, Inc. 154 4,272
Trimble Navigation Ltd.* 260 10,195
Vishay Intertechnology, Inc.* 301 3,922
-------
Total Electronic Equipment & Instruments 106,812
----------------------------------------------------------------------------
See Notes to Financial Statements.
14 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
Energy Equipment & Services - 1.8%
Atwood Oceanics, Inc.* 91 $ 6,967
Baker Hughes, Inc. 315 28,467
BJ Services Co. 483 12,824
Cameron International Corp.* 98 9,044
Diamond Offshore Drilling, Inc. 140 15,861
Dresser-Rand Group, Inc.* 168 7,175
Dril-Quip, Inc.* 119 5,873
ENSCO International, Inc. 231 12,959
Exterran Holdings, Inc.* 126 10,123
FMC Technologies, Inc.* 140 8,072
Global Industries Ltd.* 308 7,934
Grant Prideco, Inc.* 175 9,541
Grey Wolf, Inc.* 289 1,893
Gulfmark Offshore, Inc.* 26 1,265
Halliburton Co. 1,545 59,328
Helmerich & Payne, Inc. 252 8,273
National Oilwell Varco, Inc.* 161 23,265
Oceaneering International, Inc.* 105 7,959
Oil States International, Inc.* 194 9,370
Patterson-UTI Energy, Inc. 483 10,901
Pride International, Inc.* 154 5,629
Rowan Cos., Inc. 161 5,889
RPC, Inc. 266 3,780
SEACOR Holdings, Inc.* 63 5,991
Smith International, Inc. 196 13,994
Superior Energy Services, Inc.* 147 5,210
Tetra Technologies, Inc.* 189 3,995
Tidewater, Inc. 127 7,981
Trico Marine Services, Inc.* 22 656
Unit Corp.* 175 8,470
-------
Total Energy Equipment & Services 318,689
----------------------------------------------------------------------
Food & Staples Retailing - 2.3%
Andersons, Inc. (The) 2 96
BJ's Wholesale Club, Inc.* 146 4,841
Costco Wholesale Corp. 392 24,057
CVS Corp. 1,512 59,921
Ingles Markets, Inc. Class A 43 1,232
Kroger Co. (The) 777 22,160
Longs Drug Stores Corp. 98 4,868
Pantry, Inc. (The)* 6 154
Performance Food Group Co.* 21 633
Rite Aid Corp.* 5,268 24,338
Ruddick Corp. 13 436
Safeway, Inc. 413 13,674
SYSCO Corp. 469 16,692
Walgreen Co. 763 36,044
Wal-Mart Stores, Inc. 4,800 209,520
Whole Foods Market, Inc. 98 4,798
-------
Total Food & Staples Retailing 423,464
----------------------------------------------------------------------
Food Products - 1.7%
Archer-Daniels-Midland Co. 903 29,871
Campbell Soup Co. 364 13,468
ConAgra Foods, Inc. 301 7,865
Corn Products International, Inc. 133 6,101
Dean Foods Co. 119 3,044
Del Monte Foods Co. 371 3,896
Flowers Foods, Inc. 220 4,796
General Mills, Inc. 343 19,897
H.J. Heinz Co. 273 12,613
Hershey Co. (The) 217 10,071
Hormel Foods Corp. 147 5,260
Imperial Sugar Co. 5 131
J.M. Smucker Co. (The) 91 4,861
Kellogg Co. 385 21,560
Kraft Foods, Inc. Class A 3,440 118,714
McCormick & Co., Inc. 112 4,029
Ralcorp Holdings, Inc.* 77 4,298
Sara Lee Corp. 560 9,346
Seaboard Corp. 1 1,960
Smithfield Foods, Inc.* 161 5,072
Tootsie Roll Industries, Inc. 140 3,714
Wm. Wrigley Jr. Co. 189 12,139
-------
Total Food Products 302,706
----------------------------------------------------------------------
Gas Utilities - 0.3%
AGL Resources Inc. 112 4,437
Atmos Energy Corp. 133 3,767
Energen Corp. 98 5,598
Equitable Resources, Inc. 98 5,083
National Fuel Gas Co. 105 4,915
New Jersey Resources Corp. 3 149
Nicor, Inc. 91 3,904
ONEOK, Inc. 98 4,645
Piedmont Natural Gas Co., Inc. 168 4,215
Questar Corp. 182 9,560
Southern Union Co. 154 4,791
UGI Corp. 161 4,183
-------
Total Gas Utilities 55,247
----------------------------------------------------------------------
Health Care Equipment & Supplies - 1.3%
Baxter International, Inc. 532 29,941
Beckman Coulter, Inc. 70 5,163
Becton Dickinson & Co. 210 17,231
C.R. Bard, Inc. 77 6,791
Cytyc Corp.* 147 7,005
Dade Behring Holdings, Inc. 98 7,482
DENTSPLY International, Inc. 133 5,538
Edwards Lifesciences Corp.* 84 4,142
Gen-Probe, Inc.* 61 4,061
Hillenbrand Industries, Inc. 89 4,897
Hologic, Inc.* 47 2,867
Hospira, Inc.* 119 4,933
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 15
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
IDEXX Laboratories, Inc.* 49 $ 5,370
Intuitive Surgical, Inc.* 41 9,430
Kinetic Concepts, Inc.* 104 5,853
Medtronic, Inc. 987 55,676
Resmed, Inc.* 91 3,901
Respironics, Inc.* 105 5,043
St. Jude Medical, Inc.* 196 8,638
Stryker Corp. 259 17,809
Varian Medical Systems, Inc.* 98 4,105
Zimmer Holdings, Inc.* 196 15,874
-------
Total Health Care Equipment & Supplies 231,750
------------------------------------------------------------------------
Health Care Providers & Services - 2.2%
Aetna, Inc. 769 41,733
AmerisourceBergen Corp. 182 8,250
Cardinal Health, Inc. 385 24,074
Cigna Corp. 504 26,858
Community Health Systems, Inc.* 119 3,741
Coventry Health Care, Inc.* 203 12,629
DaVita, Inc.* 98 6,192
Express Scripts, Inc.* 252 14,067
Health Net, Inc.* 133 7,189
Henry Schein, Inc.* 84 5,111
Humana, Inc.* 133 9,294
Laboratory Corp. of America Holdings* 112 8,762
Lincare Holdings, Inc.* 131 4,801
Manor Care, Inc. 84 5,410
McKesson Corp. 301 17,696
Medco Health Solutions, Inc.* 252 22,778
Omnicare, Inc. 119 3,942
Patterson Cos., Inc.* 112 4,324
Pediatrix Medical Group, Inc.* 69 4,514
PharMerica Corp.* 15 224
Quest Diagnostics, Inc. 231 13,345
Sierra Health Services, Inc.* 112 4,725
UnitedHealth Group, Inc. 1,433 69,399
Universal Health Services, Inc. Class B 78 4,245
VCA Antech, Inc.* 126 5,261
WellCare Health Plans, Inc.* 57 6,010
WellPoint, Inc.* 728 57,453
-------
Total Health Care Providers & Services 392,027
------------------------------------------------------------------------
Health Care Technology - 0.1%
Cerner Corp.* 91 5,443
IMS Health, Inc. 267 8,181
-------
Total Health Care Technology 13,624
------------------------------------------------------------------------
Hotels, Restaurants & Leisure - 1.3%
Applebee's International, Inc. 182 4,528
Bluegreen Corp.* 58 450
Boyd Gaming Corp. 91 3,899
Brinker International, Inc. 140 3,842
Cheesecake Factory (The)* 168 3,943
Choice Hotels International, Inc. 112 4,219
CKE Restaurants, Inc. 52 843
Darden Restaurants, Inc. 161 6,739
Harrah's Entertainment, Inc. 98 8,519
Hilton Hotels Corp. 217 10,088
International Game Technology 203 8,749
International Speedway Corp. Class A 84 3,852
Interstate Hotels & Resorts, Inc.* 121 551
Jack in the Box, Inc.* 70 4,539
Life Time Fitness, Inc.* 69 4,232
Marriott International, Inc. Class A 244 10,607
McDonald's Corp. 1,195 65,091
MGM Mirage* 176 15,741
Panera Bread Co. Class A* 77 3,142
Penn National Gaming, Inc.* 98 5,784
Pinnacle Entertainment, Inc.* 133 3,622
Ruby Tuesday, Inc. 13 238
Scientific Games Corp. Class A* 126 4,738
Starbucks Corp.* 280 7,336
Starwood Hotels & Resorts Worldwide, Inc. 315 19,136
Station Casinos, Inc. 49 4,287
Vail Resorts, Inc.* 82 5,108
Wendy's International, Inc. 112 3,910
Wynn Resorts Ltd.* 22 3,466
Yum! Brands, Inc. 544 18,404
-------
Total Hotels, Restaurants & Leisure 239,603
------------------------------------------------------------------------
Household Durables - 1.0%
American Greetings Corp. Class A 22 581
Avatar Holdings, Inc.* 45 2,247
Beazer Homes USA, Inc.(a) 265 2,186
Black & Decker Corp. (The) 126 10,496
Brookfield Homes Corp.(a) 131 2,430
Cavco Industries, Inc.* 68 2,278
Centex Corp. 322 8,556
D.R. Horton, Inc. 868 11,119
Fortune Brands, Inc. 175 14,260
Furniture Brands International, Inc. 36 365
Harman International Industries, Inc. 49 4,239
Hovnanian Enterprises, Inc. Class A* 231 2,562
Jarden Corp.* 119 3,682
KB Home 252 6,315
Leggett & Platt, Inc. 217 4,158
Lennar Corp. Class A 490 11,099
M/I Homes, Inc. 120 1,667
MDC Holdings, Inc. 140 5,732
Meritage Homes Corp.*(a) 245 3,459
Mohawk Industries, Inc.* 105 8,537
Newell Rubbermaid, Inc. 287 8,271
NVR, Inc.* 21 9,875
Orleans Homebuilders, Inc.(a) 161 942
Pulte Homes, Inc. 700 9,527
Ryland Group, Inc. (The) 154 3,300
See Notes to Financial Statements.
16 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Snap-On, Inc. 91 $ 4,508
Standard-Pacific Corp. 280 1,537
Stanley Works (The) 105 5,894
Tempur-Pedic International, Inc. 175 6,256
Toll Brothers, Inc.* 483 9,655
TOUSA, Inc.(a) 1,281 2,062
WCI Communities, Inc.*(a) 208 1,246
Whirlpool Corp. 105 9,356
---------
Total Household Durables 178,397
------------------------------------------------------------------------------
Household Products - 1.5%
Central Garden & Pet Co.* 345 3,071
Church & Dwight Co., Inc. 91 4,281
Clorox Co. (The) 140 8,539
Colgate-Palmolive Co. 371 26,460
Energizer Holdings, Inc.* 70 7,760
Kimberly-Clark Corp. 407 28,595
Procter & Gamble Co. 2,706 190,339
WD-40 Co. 13 444
---------
Total Household Products 269,489
------------------------------------------------------------------------------
Independent Power Producers & Energy - 0.7%
AES Corp. (The)* 714 14,309
Constellation Energy Group, Inc. 203 17,415
Mirant Corp.* 518 21,072
NRG Energy, Inc.* 420 17,762
TXU Corp. 822 56,282
---------
Total Independent Power Producers & Energy 126,840
------------------------------------------------------------------------------
Industrial Conglomerates - 2.8%
3M Co. 868 81,227
Carlisle Cos., Inc. 98 4,763
General Electric Co. 9,814 406,300
Teleflex, Inc. 63 4,909
Textron, Inc. 266 16,548
Walter Industries, Inc. 21 565
---------
Total Industrial Conglomerates 514,312
------------------------------------------------------------------------------
Insurance - 6.6%
Alleghany Corp.* 14 5,684
Allstate Corp. (The) 1,427 81,610
AMBAC Financial Group, Inc. 182 11,450
American Family Life Assurance Co., Inc. 602 34,338
American Financial Group, Inc. 196 5,590
American International Group, Inc. 3,187 215,600
American National Insurance Co. 35 4,604
American Physicians Capital, Inc.* 77 3,000
AON Corp. 336 15,056
Arthur J. Gallagher & Co. 147 4,259
Assurant, Inc. 245 13,108
Berkshire Hathaway, Inc. Class B* 42 165,983
Brown & Brown, Inc. 154 4,050
Chubb Corp. (The) 819 43,931
Cincinnati Financial Corp. 224 9,701
CNA Financial Corp. 259 10,184
Commerce Group, Inc. 154 4,538
Conseco, Inc.* 238 3,808
Delphi Financial Group, Inc. Class A 112 4,527
EMC Insurance Group, Inc. 141 3,665
Erie Indemnity Co. Class A 77 4,707
First American Corp. 126 4,614
Genworth Financial, Inc. Class A 721 22,156
Hanover Insurance Group, Inc. (The) 91 4,021
Harleysville Group, Inc. 9 288
Hartford Financial Services Group, Inc. (The) 539 49,884
HCC Insurance Holdings, Inc. 147 4,210
Infinity Property & Casualty Corp. 85 3,419
LandAmerica Financial Group, Inc. 9 351
Lincoln National Corp. 336 22,166
Loews Corp. 728 35,199
Markel Corp.* 14 6,776
Marsh & McLennan Cos., Inc. 322 8,211
MBIA, Inc. 217 13,248
Mercer Insurance Group, Inc. 224 3,963
Mercury General Corp. 84 4,530
Metlife, Inc. 1,197 83,467
Midland Co. (The) 110 6,046
National Financial Partners Corp. 91 4,821
National Western Life Insurance Co. Class A* 20 5,119
Nationwide Financial Services, Inc. Class A 252 13,563
Odyssey Re Holdings Corp. 133 4,936
Old Republic International Corp. 378 7,084
Philadelphia Consolidated Holding Co.* 119 4,919
Principal Financial Group, Inc. 315 19,873
ProAssurance Corp.* 84 4,525
Progressive Corp. (The) 1,239 24,049
Protective Life Corp. 98 4,159
Prudential Financial, Inc. 546 53,279
Reinsurance Group of America, Inc. 98 5,556
Safeco Corp. 224 13,713
Safety Insurance Group, Inc. 147 5,283
Selective Insurance Group, Inc. 161 3,426
StanCorp Financial Group, Inc. 91 4,505
State Auto Financial Corp. 15 439
Torchmark Corp. 154 9,597
Transatlantic Holdings, Inc. 98 6,892
Travelers Cos., Inc. (The) 1,120 56,381
Unitrin, Inc. 112 5,554
Unum Group 280 6,852
W.R. Berkley Corp. 357 10,578
Wesco Financial Corp. 7 2,786
Zenith National Insurance Corp. 189 8,484
---------
Total Insurance 1,208,315
------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 17
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Internet & Catalog Retail - 0.2%
Amazon.Com, Inc.* 147 $13,694
Expedia, Inc.* 217 6,918
IAC/InterActiveCorp.* 154 4,569
NutriSystem, Inc.* 7 328
priceline.com, Inc.* 83 7,366
-------
Total Internet & Catalog Retail 32,875
------------------------------------------------------------------------------
Internet Software & Services - 0.6%
eBay, Inc.* 588 22,944
Google, Inc. Class A* 91 51,621
Imergent, Inc. 49 1,099
j2 Global Communications, Inc.* 42 1,375
ValueClick, Inc.* 168 3,773
VeriSign, Inc.* 301 10,156
Yahoo! Inc.* 644 17,285
-------
Total Internet Software & Services 108,253
------------------------------------------------------------------------------
IT Services - 0.7%
Affiliated Computer Services, Inc. Class A* 98 4,924
Alliance Data Systems Corp.* 70 5,421
Automatic Data Processing, Inc. 413 18,968
Broadridge Financial Solutions, Inc. 99 1,876
CACI International, Inc. Class A* 29 1,482
Cass Information Systems, Inc. 5 179
Ceridian Corp.* 140 4,864
CheckFree Corp.* 105 4,887
Cognizant Technology Solutions Corp. Class A* 49 3,909
Computer Sciences Corp.* 140 7,826
Convergys Corp.* 168 2,916
DST Systems, Inc.* 63 5,406
Electronic Data Systems Corp. 294 6,421
Fidelity National Information Services, Inc. 112 4,969
Fiserv, Inc.* 168 8,544
Gartner, Inc.* 196 4,794
Global Payments, Inc. 112 4,953
Iron Mountain, Inc.* 154 4,694
MoneyGram International, Inc. 147 3,321
Paychex, Inc. 224 9,183
Perot Systems Corp. Class A* 33 558
SRA International, Inc. Class A* 34 955
Total System Services, Inc. 154 4,278
VeriFone Holdings, Inc.* 105 4,655
-------
Total IT Services 119,983
------------------------------------------------------------------------------
Leisure Equipment & Products - 0.2%
Brunswick Corp. 182 4,161
Hasbro, Inc. 154 4,294
Jakks Pacific, Inc.* 48 1,282
MarineMax, Inc.* 188 2,737
Mattel, Inc. 476 11,166
Polaris Industries, Inc. 91 3,969
Pool Corp.(a) 119 2,973
-------
Total Leisure Equipment & Products 30,582
------------------------------------------------------------------------------
Life Sciences Tools & Services - 0.2%
Bio-Rad Laboratories, Inc. Class A* 49 4,435
Charles River Laboratories International, Inc.* 91 5,110
Covance, Inc.* 70 5,453
Invitrogen Corp.* 70 5,721
Millipore Corp.* 56 4,245
PerkinElmer, Inc. 182 5,316
Pharmaceutical Product Development, Inc. 126 4,465
Thermo Fisher Scientific, Inc.* 91 5,253
Waters Corp.* 84 5,621
-------
Total Life Sciences Tools & Services 45,619
------------------------------------------------------------------------------
Machinery - 2.5%
Accuride Corp.* 68 823
AGCO Corp.* 126 6,397
Caterpillar, Inc. 1,141 89,488
CLARCOR, Inc. 133 4,550
Crane Co. 112 5,373
Cummins, Inc. 224 28,647
Danaher Corp. 273 22,580
Deere & Co. 294 43,635
Donaldson Co., Inc. 126 5,262
Dover Corp. 224 11,413
Eaton Corp. 238 23,572
Flowserve Corp. 84 6,399
Gardner Denver, Inc.* 119 4,641
Graco, Inc. 105 4,107
Harsco Corp. 98 5,808
IDEX Corp. 126 4,585
Illinois Tool Works, Inc. 693 41,331
ITT Corp. 154 10,461
Joy Global, Inc. 231 11,749
Kennametal, Inc. 70 5,879
Lincoln Electric Holdings, Inc. 70 5,433
Manitowoc Co., Inc. (The) 154 6,819
Mueller Industries, Inc. 78 2,819
Nordson Corp. 84 4,218
Oshkosh Truck Corp. 84 5,205
Paccar, Inc. 413 35,208
Pall Corp. 126 4,901
Parker Hannifin Corp. 189 21,136
Pentair, Inc. 140 4,645
SPX Corp. 63 5,831
Terex Corp.* 112 9,970
Timken Co. (The) 217 8,062
Toro Co. (The) 84 4,942
Trinity Industries, Inc. 112 4,204
Watts Water Technologies, Inc. Class A 98 3,009
-------
Total Machinery 463,102
------------------------------------------------------------------------------
See Notes to Financial Statements.
18 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
Marine - 0.1%
Alexander & Baldwin, Inc. 91 $ 4,562
Kirby Corp.* 162 7,151
-------
Total Marine 11,713
----------------------------------------------------------------------
Media - 2.5%
Belo Corp. Class A 238 4,132
CBS Corp. Class B 643 20,255
Citadel Broadcasting Corp. 146 607
Clear Channel Communications, Inc. 322 12,056
Comcast Corp. Class A* 593 14,339
DIRECTV Group, Inc. (The)* 910 22,095
Dow Jones & Co., Inc. 111 6,627
DreamWorks Animation SKG, Inc. Class A* 161 5,381
E.W. Scripps Co. (The) Class A 133 5,586
EchoStar Communications Corp. Class A* 294 13,762
Gannett Co., Inc. 329 14,377
Getty Images, Inc.* 84 2,339
Harte-Hanks, Inc. 161 3,168
Hearst-Argyle Television, Inc. 168 4,361
Interactive Data Corp. 105 2,961
John Wiley & Sons, Inc. Class A 112 5,032
Marvel Entertainment, Inc.* 154 3,610
McClatchy Co. Class A 112 2,238
McGraw-Hill Cos., Inc. (The) 238 12,117
Meredith Corp. 70 4,011
Morningstar, Inc.* 79 4,851
New York Times Co. (The) Class A 153 3,023
News Corp. Class A 5,786 127,233
Omnicom Group, Inc. 308 14,812
Regal Entertainment Group Class A 196 4,302
Time Warner, Inc. 3,537 64,939
Tribune Co. 287 7,841
Walt Disney Co. (The) 1,902 65,409
Washington Post Co. (The) Class B 7 5,620
-------
Total Media 457,084
----------------------------------------------------------------------
Metals & Mining - 1.9%
AK Steel Holding Corp.* 217 9,537
Alcoa, Inc. 1,281 50,113
Allegheny Technologies, Inc. 119 13,084
Carpenter Technology Corp. 35 4,550
Cleveland-Cliffs, Inc. 112 9,853
Commercial Metals Co. 238 7,533
Freeport-McMoRan Copper & Gold, Inc. 600 62,934
Newmont Mining Corp. 217 9,706
Northwest Pipe Co.* 48 1,815
Nucor Corp. 546 32,471
Quanex Corp. 85 3,993
Reliance Steel & Aluminum Co. 168 9,499
RTI International Metals, Inc.* 56 4,439
Southern Copper Corp. 602 74,546
Steel Dynamics, Inc. 210 9,807
Titanium Metals Corp.* 231 7,752
United States Steel Corp. 301 31,888
Worthington Industries, Inc. 124 2,921
-------
Total Metals & Mining 346,441
----------------------------------------------------------------------
Multiline Retail - 0.7%
Big Lots, Inc.* 139 4,148
Dillard's, Inc. Class A 126 2,751
Dollar Tree Stores, Inc.* 133 5,392
Family Dollar Stores, Inc. 140 3,718
JC Penney Co., Inc. 259 16,413
Kohl's Corp.* 259 14,848
Macy's, Inc. 392 12,669
Nordstrom, Inc. 231 10,832
Sears Holdings Corp.* 98 12,466
Target Corp. 819 52,063
-------
Total Multiline Retail 135,300
----------------------------------------------------------------------
Multi-Utilities - 1.1%
Alliant Energy Corp. 112 4,292
Ameren Corp. 203 10,658
Centerpoint Energy, Inc. 525 8,416
Consolidated Edison, Inc. 231 10,695
Dominion Resources, Inc. 364 30,686
DTE Energy Co. 245 11,868
Energy East Corp. 175 4,734
Integrys Energy Group, Inc. 77 3,945
MDU Resources Group, Inc. 224 6,236
NiSource, Inc. 266 5,091
NSTAR 126 4,386
OGE Energy Corp. 112 3,707
PG&E Corp. 448 21,414
PNM Resources, Inc. 140 3,259
Public Service Enterprise Group, Inc. 182 16,014
Puget Energy, Inc. 175 4,282
SCANA Corp. 133 5,152
Sempra Energy 448 26,038
TECO Energy, Inc. 266 4,370
Vectren Corp. 154 4,203
Wisconsin Energy Corp. 133 5,989
Xcel Energy, Inc. 448 9,650
-------
Total Multi-Utilities 205,085
----------------------------------------------------------------------
Office Electronics - 0.2%
Xerox Corp.* 1,391 24,120
Zebra Technologies Corp. Class A* 126 4,598
-------
Total Office Electronics 28,718
----------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 14.8%
Alon USA Energy, Inc. 64 2,162
Anadarko Petroleum Corp. 1,386 74,498
Apache Corp. 735 66,194
Arch Coal, Inc. 147 4,960
Cabot Oil & Gas Corp. 126 4,430
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 19
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
Chesapeake Energy Corp. 1,120 $ 39,491
Chevron Corp. 4,559 426,631
Cimarex Energy Co. 279 10,393
ConocoPhillips 4,224 370,740
CONSOL Energy, Inc. 182 8,481
Denbury Resources, Inc.* 154 6,882
Devon Energy Corp. 868 72,218
El Paso Corp. 441 7,484
EOG Resources, Inc. 420 30,379
Exxon Mobil Corp. 9,933 919,398
Forest Oil Corp.* 250 10,760
Frontier Oil Corp. 238 9,910
Helix Energy Solutions Group, Inc.* 133 5,647
Hess Corp. 623 41,448
Holly Corp. 84 5,026
Kinder Morgan Management LLC* 86 4,021
Marathon Oil Corp. 2,073 118,202
Murphy Oil Corp. 259 18,102
Newfield Exploration Co.* 259 12,473
Noble Energy, Inc. 224 15,689
Occidental Petroleum Corp. 1,706 109,320
Overseas Shipholding Group, Inc. 126 9,681
Peabody Energy Corp. 245 11,728
PetroHawk Energy Corp.* 357 5,862
Petroleum Development Corp.* 27 1,197
Pioneer Natural Resources Co. 112 5,038
Plains Exploration & Production Co.* 91 4,024
Pogo Producing Co. 161 8,551
Quicksilver Resources, Inc.* 112 5,270
Range Resources Corp. 140 5,692
Southwestern Energy Co.* 112 4,687
St. Mary Land & Exploration Co. 119 4,245
Sunoco, Inc. 322 22,791
Swift Energy Co.* 40 1,637
Tesoro Corp. 392 18,040
USEC, Inc.* 57 584
Vaalco Energy, Inc.* 271 1,238
Valero Energy Corp. 1,930 129,657
W&T Offshore, Inc. 140 3,413
Whiting Petroleum Corp.* 98 4,356
Williams Cos., Inc. (The) 308 10,490
XTO Energy, Inc. 728 45,020
---------
Total Oil, Gas & Consumable Fuels 2,698,140
----------------------------------------------------------------------
Paper & Forest Products - 0.1%
Louisiana-Pacific Corp. 210 3,564
MeadWestvaco Corp. 140 4,134
Weyerhaeuser Co. 56 4,049
---------
Total Paper & Forest Products 11,747
----------------------------------------------------------------------
Personal Products - 0.1%
Alberto-Culver Co. 194 4,809
Avon Products, Inc. 301 11,297
Estee Lauder Cos., Inc. (The) Class A 154 6,539
Mannatech, Inc. 15 122
NBTY, Inc.* 84 3,410
---------
Total Personal Products 26,177
----------------------------------------------------------------------
Pharmaceuticals - 4.8%
Abbott Laboratories 1,246 66,811
Alpharma, Inc. Class A* 48 1,025
Barr Pharmaceuticals, Inc.* 119 6,772
Bristol-Myers Squibb Co. 1,692 48,763
Eli Lilly & Co. 1,148 65,356
Endo Pharmaceuticals Holdings, Inc.* 140 4,341
Forest Laboratories, Inc.* 266 9,919
Johnson & Johnson 3,112 204,458
King Pharmaceuticals, Inc.* 245 2,871
Merck & Co., Inc. 2,449 126,589
Mylan Laboratories, Inc. 231 3,687
Pfizer, Inc. 9,023 220,431
Schering-Plough Corp. 777 24,577
Sepracor, Inc.* 84 2,310
Viropharma, Inc.* 89 792
Watson Pharmaceuticals, Inc.* 154 4,990
Wyeth 1,552 69,142
---------
Total Pharmaceuticals 862,834
----------------------------------------------------------------------
Real Estate Investment Trusts - 0.8%
Alexandria Real Estate Equities, Inc. 42 4,043
AMB Property Corp. 70 4,187
Archstone-Smith Trust 70 4,210
Boston Properties, Inc. 152 15,792
BRE Properties, Inc. 63 3,524
Colonial Properties Trust 79 2,710
Corporate Office Properties Trust 77 3,206
Cousins Properties, Inc. 119 3,494
Developers Diversified Realty Corp. 63 3,520
Duke Realty Corp. 91 3,077
Entertainment Properties Trust 63 3,200
Equity One, Inc. 154 4,189
Health Care REIT, Inc. 91 4,026
Healthcare Realty Trust, Inc. 105 2,799
Home Properties, Inc. 70 3,653
Hospitality Properties Trust 91 3,699
HRPT Properties Trust 322 3,185
Kimco Realty Corp. 131 5,923
LaSalle Hotel Properties 91 3,829
Liberty Property Trust 91 3,659
Mack-Cali Realty Corp. 84 3,452
Nationwide Health Properties, Inc. 133 4,007
Plum Creek Timber Co., Inc. 154 6,892
Post Properties, Inc. 91 3,522
Potlatch Corp. 91 4,098
Prologis 104 6,899
Rayonier, Inc. 98 4,708
See Notes to Financial Statements.
20 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited) (continued)
WisdomTree Total Earnings Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
Realty Income Corp. 147 $ 4,109
Regency Centers Corp. 49 3,761
Senior Housing Properties Trust 167 3,684
Ventas, Inc. 91 3,767
Washington Real Estate Investment Trust 105 3,484
Weingarten Realty Investors 84 3,483
-------
Total Real Estate Investment Trusts 141,791
-------------------------------------------------------------------------------
Real Estate Management & Development - 0.0%
CB Richard Ellis Group, Inc. Class A* 148 4,120
Jones Lang LaSalle, Inc. 42 4,316
-------
Total Real Estate Management & Development 8,436
-------------------------------------------------------------------------------
Road & Rail - 0.9%
Amerco, Inc.* 10 635
Arkansas Best Corp. 36 1,176
Burlington Northern Santa Fe Corp. 469 38,068
Con-way, Inc. 105 4,830
CSX Corp. 609 26,023
Heartland Express, Inc. 259 3,699
JB Hunt Transport Services, Inc. 203 5,339
Kansas City Southern* 140 4,504
Landstar System, Inc. 98 4,113
Norfolk Southern Corp. 532 27,616
Old Dominion Freight Line, Inc.* 13 312
Quality Distribution, Inc.* 58 516
Ryder System, Inc. 84 4,116
Union Pacific Corp. 280 31,656
YRC Worldwide, Inc.* 195 5,327
-------
Total Road & Rail 157,930
-------------------------------------------------------------------------------
Semiconductors & Semiconductor Equipment - 2.1%
Advanced Micro Devices, Inc.* 525 6,930
Altera Corp. 328 7,898
Amkor Technology, Inc.* 43 495
Analog Devices, Inc. 182 6,581
Applied Materials, Inc. 1,239 25,647
Atmel Corp.* 798 4,118
Broadcom Corp. Class A* 147 5,357
Cypress Semiconductor Corp.* 231 6,748
Intel Corp. 5,011 129,585
International Rectifier Corp.* 98 3,233
Intersil Corp. Class A 217 7,254
KLA-Tencor Corp. 91 5,076
Lam Research Corp.* 196 10,439
Linear Technology Corp. 273 9,552
LSI Logic Corp.* 469 3,480
Maxim Integrated Products, Inc. 294 8,629
MEMC Electronic Materials, Inc.* 126 7,416
Microchip Technology, Inc. 154 5,593
Micron Technology, Inc.* 343 3,807
National Semiconductor Corp. 413 11,201
Novellus Systems Inc.* 140 3,816
Nvidia Corp.* 241 8,734
ON Semiconductor Corp.* 720 9,043
Teradyne, Inc.* 456 6,293
Texas Instruments, Inc. 1,706 62,423
Varian Semiconductor Equipment Associates, Inc.* 159 8,510
Xilinx, Inc. 300 7,842
-------
Total Semiconductors & Semiconductor Equipment 375,700
-------------------------------------------------------------------------------
Software - 2.3%
Activision Inc.* 266 5,743
Adobe Systems, Inc.* 210 9,169
Autodesk, Inc.* 105 5,247
BEA Systems, Inc.* 335 4,646
BMC Software, Inc.* 133 4,154
CA, Inc. 141 3,627
Cadence Design Systems, Inc.* 217 4,815
Citrix Systems, Inc.* 140 5,645
Compuware Corp.* 483 3,874
Electronic Arts, Inc.* 91 5,095
FactSet Research Systems, Inc. 77 5,278
Fair Isaac Corp. 112 4,044
Intuit, Inc.* 231 6,999
Jack Henry & Associates, Inc. 12 310
Micros Systems, Inc.* 77 5,010
Microsoft Corp. 8,239 242,721
NAVTEQ Corp.* 126 9,824
Oracle Corp.* 3,670 79,456
Red Hat, Inc.* 182 3,616
Sybase, Inc.* 168 3,886
Symantec Corp.* 266 5,155
-------
Total Software 418,314
-------------------------------------------------------------------------------
Specialty Retail - 2.1%
Aaron Rents, Inc. 29 647
Abercrombie & Fitch Co. Class A 98 7,909
Advance Auto Parts, Inc. 126 4,229
Aeropostale, Inc.* 178 3,393
American Eagle Outfitters, Inc. 189 4,973
AnnTaylor Stores Corp.* 126 3,990
AutoNation, Inc.* 308 5,458
Autozone, Inc.* 91 10,569
Barnes & Noble, Inc. 105 3,702
Bed Bath & Beyond, Inc.* 280 9,554
Best Buy Co., Inc. 476 21,905
Carmax, Inc.* 154 3,131
Chico's FAS, Inc.* 203 2,852
Circuit City Stores, Inc. 203 1,606
Collective Brands, Inc.* 140 3,088
Dick's Sporting Goods, Inc.* 84 5,641
Dress Barn, Inc.* 8 136
DSW, Inc. Class A* 105 2,643
Finish Line, Inc. (The) Class A 26 113
Foot Locker, Inc. 196 3,005
GameStop Corp. Class A* 168 9,467
See Notes to Financial Statements.
WisdomTree Domestic Earnings Fund 21
Schedule of Investments (unaudited) (concluded)
WisdomTree Total Earnings Fund
September 30, 2007
----------------------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------------------
Gap, Inc. (The) 805 $ 14,844
Guess?, Inc. 126 6,178
Home Depot, Inc. 2,921 94,756
Limited Brands, Inc. 448 10,255
Lithia Motors, Inc. Class A 19 324
Lowe's Cos., Inc. 1,888 52,901
Men's Wearhouse, Inc. (The) 98 4,951
Office Depot, Inc.* 231 4,763
OfficeMax, Inc. 84 2,879
O'Reilly Automotive, Inc.* 126 4,210
Pacific Sunwear Of California, Inc.* 23 340
Penske Auto Group, Inc. 182 3,684
PetSmart, Inc. 140 4,466
RadioShack Corp. 196 4,049
Rent-A-Center, Inc.* 147 2,665
Ross Stores, Inc. 133 3,410
Sherwin-Williams Co. (The) 168 11,039
Sonic Automotive, Inc. Class A 5 120
Staples, Inc. 595 12,787
Tiffany & Co. 126 6,596
TJX Cos., Inc. 490 14,244
Tractor Supply Co.* 91 4,194
Urban Outfitters, Inc.* 175 3,815
Williams-Sonoma, Inc. 126 4,110
-----------
Total Specialty Retail 379,591
----------------------------------------------------------------------------------------
Textiles, Apparel & Luxury Goods - 0.4%
Coach, Inc.* 238 11,250
Columbia Sportswear Co. 70 3,872
Fossil, Inc.* 28 1,046
Jones Apparel Group, Inc. 133 2,810
K-Swiss, Inc. Class A 27 619
Liz Claiborne, Inc. 112 3,845
Nike, Inc. Class B 532 31,208
Phillips-Van Heusen Corp. 84 4,408
Polo Ralph Lauren Corp. 91 7,075
Skechers U.S.A., Inc. Class A* 30 663
Timberland Co. Class A* 65 1,232
UniFirst Corp. 5 187
VF Corp. 133 10,740
-----------
Total Textiles, Apparel & Luxury Goods 78,955
----------------------------------------------------------------------------------------
Thrifts & Mortgage Finance - 0.9%
Accredited Home Lenders Holding Co.*(a) 601 7,014
Astoria Financial Corp. 147 3,900
Capitol Federal Financial 112 3,830
Corus Bankshares, Inc. 426 5,547
Countrywide Financial Corp. 1,239 23,553
Delta Financial Corp.(a) 477 2,342
Downey Financial Corp. 63 3,641
FirstFed Financial Corp.*(a) 119 5,896
Fremont General Corp. 866 3,377
Hudson City Bancorp, Inc. 399 6,137
IndyMac Bancorp, Inc.(a) 286 6,752
MGIC Investment Corp. 182 5,880
New York Community Bancorp, Inc. 259 4,934
NewAlliance Bancshares, Inc. 273 4,008
Ocwen Financial Corp.* 488 4,602
People's United Financial, Inc. 210 3,629
PMI Group, Inc. (The) 175 5,723
Radian Group, Inc. 202 4,703
Sovereign Bancorp, Inc. 315 5,368
United Community Financial Corp. 386 2,787
Washington Federal, Inc. 189 4,963
Washington Mutual, Inc. 1,372 48,445
Webster Financial Corp. 91 3,833
-----------
Total Thrifts & Mortgage Finance 170,864
----------------------------------------------------------------------------------------
Tobacco - 1.3%
Altria Group, Inc. 2,627 182,655
Reynolds American, Inc. 796 50,618
UST, Inc. 175 8,680
-----------
Total Tobacco 241,953
----------------------------------------------------------------------------------------
Trading Companies & Distributors - 0.2%
Fastenal Co. 119 5,404
GATX Corp. 91 3,890
MSC Industrial Direct Co. Class A 98 4,958
United Rentals, Inc.* 168 5,405
W.W. Grainger, Inc. 105 9,574
WESCO International, Inc.* 70 3,006
-----------
Total Trading Companies & Distributors 32,237
----------------------------------------------------------------------------------------
Water Utilities - 0.0%
Aqua America Inc. 189 4,287
----------------------------------------------------------------------------------------
Wireless Telecommunication Services - 0.5%
ALLTEL Corp. 245 17,072
Leap Wireless International, Inc.* 70 5,696
NII Holdings, Inc.* 63 5,175
Sprint Nextel Corp. 889 16,891
Telephone & Data Systems, Inc. 643 42,920
United States Cellular Corp.* 84 8,249
-----------
Total Wireless Telecommunication Services 96,003
----------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $17,743,464) 18,090,327
========================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.3%
MONEY MARKET FUND(b) - 0.3%
UBS Private Money Market Fund LLC, 5.21%
(Cost: $50,000)(c) 50,000 50,000
========================================================================================
TOTAL INVESTMENTS IN SECURITIES - 99.9%
(Cost: $17,793,464)(d) 18,140,327
Cash and Other Assets in Excess of Liabilities - 0.1% 23,721
-----------
NET ASSETS - 100.0% $18,164,048
========================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $44,456 and the total market value of the collateral held by the
Fund was $50,000.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
22 WisdomTree Domestic Earnings Fund
Schedule of Investments (unaudited)
WisdomTree Earnings 500 Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
COMMON STOCKS - 99.5%
Aerospace & Defense - 2.6%
Boeing Co. (The) 1,488 $ 156,225
General Dynamics Corp. 1,104 93,255
Goodrich Corp. 528 36,025
Honeywell International, Inc. 2,536 150,816
L-3 Communications Holdings, Inc. 368 37,588
Lockheed Martin Corp. 1,344 145,811
Northrop Grumman Corp. 1,024 79,872
Precision Castparts Corp. 288 42,618
Raytheon Co. 1,360 86,795
Rockwell Collins, Inc. 368 26,879
United Technologies Corp. 2,840 228,563
---------
Total Aerospace & Defense 1,084,447
--------------------------------------------------------------------------
Air Freight & Logistics - 0.8%
C.H. Robinson Worldwide, Inc. 304 16,504
Expeditors International Washington, Inc. 288 13,622
FedEx Corp. 848 88,828
United Parcel Service Inc. Class B 2,696 202,470
---------
Total Air Freight & Logistics 321,424
--------------------------------------------------------------------------
Airlines - 0.1%
Southwest Airlines Co. 1,664 24,627
US Airways Group, Inc.* 32 840
---------
Total Airlines 25,467
--------------------------------------------------------------------------
Auto Components - 0.2%
Johnson Controls, Inc. 624 73,701
WABCO Holdings Inc. 164 7,667
---------
Total Auto Components 81,368
--------------------------------------------------------------------------
Automobiles - 0.1%
Harley-Davidson, Inc. 768 35,489
--------------------------------------------------------------------------
Beverages - 2.0%
Anheuser-Busch Cos., Inc. 2,191 109,528
Brown-Forman Corp. Class B 304 22,773
Coca-Cola Co. (The) 5,376 308,958
Coca-Cola Enterprises, Inc. 1,328 32,164
Constellation Brands, Inc. Class A* 544 13,170
Molson Coors Brewing Co. Class B 176 17,542
Pepsi Bottling Group, Inc. 768 28,547
PepsiCo, Inc. 3,976 291,282
---------
Total Beverages 823,964
--------------------------------------------------------------------------
Biotechnology - 0.7%
Amgen, Inc.* 2,114 119,589
Biogen Idec, Inc.* 16 1,061
Genentech, Inc.* 1,136 88,631
Genzyme Corp.* 352 21,810
Gilead Sciences, Inc.* 1,184 48,390
---------
Total Biotechnology 279,481
--------------------------------------------------------------------------
Building Products - 0.2%
American Standard Cos., Inc. 576 20,517
Masco Corp. 1,600 37,072
USG Corp.* 320 12,016
---------
Total Building Products 69,605
--------------------------------------------------------------------------
Capital Markets - 4.0%
American Capital Strategies Ltd.(a) 768 32,817
Bank of New York Mellon Corp. (The) 2,732 120,590
Bear Stearns & Co., Inc. (The) 608 74,668
BlackRock, Inc. 80 13,873
Charles Schwab Corp. (The) 2,488 53,741
E*Trade Financial Corp.* 1,056 13,791
Franklin Resources, Inc. 400 51,000
Goldman Sachs Group, Inc. 2,029 439,766
Legg Mason, Inc. 304 25,624
Lehman Brothers Holdings, Inc. 2,504 154,572
Merrill Lynch & Co., Inc. 2,872 204,716
Morgan Stanley 4,899 308,638
Northern Trust Corp. 560 37,111
SEI Investments Co. 352 9,603
State Street Corp. 800 54,528
T. Rowe Price Group, Inc. 560 31,186
TD Ameritrade Holding Corp.* 1,424 25,945
---------
Total Capital Markets 1,652,169
--------------------------------------------------------------------------
Chemicals - 1.6%
Air Products & Chemicals, Inc. 464 45,361
Ashland, Inc. 144 8,670
Dow Chemical Co. (The) 4,248 182,919
E.I. Du Pont de Nemours & Co. 2,520 124,891
Eastman Chemical Co. 352 23,489
Ecolab, Inc. 416 19,635
Lyondell Chemical Co. 1,232 57,103
Monsanto Co. 752 64,476
PPG Industries, Inc. 576 43,517
Praxair, Inc. 768 64,328
Rohm & Haas Co. 720 40,082
Sigma-Aldrich Corp. 336 16,377
---------
Total Chemicals 690,848
--------------------------------------------------------------------------
Commercial Banks - 4.1%
BB&T Corp. 1,952 78,841
Comerica, Inc. 672 34,460
Commerce Bancorp, Inc. 336 13,030
Fifth Third Bancorp 1,824 61,797
First Horizon National Corp. 352 9,384
Huntington Bancshares, Inc. 976 16,572
KeyCorp 1,616 52,245
M&T Bank Corp. 352 36,414
Marshall & Ilsley Corp. 848 37,117
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 23
Schedule of Investments (unaudited) (continued)
WisdomTree Earnings 500 Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
National City Corp. 2,520 $ 63,227
PNC Financial Services Group, Inc. (The) 1,776 120,946
Popular, Inc. 1,136 13,950
Regions Financial Corp. 1,696 49,998
SunTrust Banks, Inc. 1,232 93,225
Synovus Financial Corp. 960 26,928
U.S. Bancorp 6,660 216,650
UnionBanCal Corp. 576 33,644
Wachovia Corp. 6,256 313,739
Wells Fargo & Co. 11,556 411,626
Zions Bancorp. 352 24,172
---------
Total Commercial Banks 1,707,965
------------------------------------------------------------------------------
Commercial Services & Supplies - 0.5%
Avery Dennison Corp. 227 12,944
Cintas Corp. 400 14,840
Dun & Bradstreet Corp. 144 14,200
Equifax, Inc. 336 12,808
Manpower, Inc. 208 13,385
Monster Worldwide, Inc.* 176 5,995
Pitney Bowes, Inc. 544 24,708
R.R. Donnelley & Sons Co. 512 18,719
Republic Services, Inc. 508 16,617
Robert Half International, Inc. 368 10,988
Waste Management, Inc. 1,552 58,572
---------
Total Commercial Services & Supplies 203,776
------------------------------------------------------------------------------
Communications Equipment - 1.8%
Avaya, Inc.* 784 13,297
Cisco Systems, Inc.* 10,226 338,583
Corning, Inc. 3,432 84,599
Harris Corp. 336 19,417
Juniper Networks, Inc.* 240 8,786
Motorola, Inc. 8,250 152,873
Qualcomm, Inc. 3,112 131,513
---------
Total Communications Equipment 749,068
------------------------------------------------------------------------------
Computers & Peripherals - 3.0%
Apple, Inc.* 848 130,202
Dell, Inc.* 3,320 91,632
EMC Corp. 3,640 75,712
Hewlett-Packard Co. 6,258 311,586
International Business Machines Corp. 4,834 569,444
Lexmark International, Inc. Class A* 224 9,303
NCR Corp.* 496 24,701
Network Appliance, Inc.* 240 6,458
SanDisk Corp.* 416 22,922
---------
Total Computers & Peripherals 1,241,960
------------------------------------------------------------------------------
Construction & Engineering - 0.1%
Fluor Corp. 160 23,037
Jacobs Engineering Group, Inc.* 256 19,348
---------
Total Construction & Engineering 42,385
------------------------------------------------------------------------------
Construction Materials - 0.0%
Vulcan Materials Co. 240 21,396
------------------------------------------------------------------------------
Consumer Finance - 0.9%
American Express Co. 2,792 165,762
Capital One Financial Corp. 1,536 102,036
Discover Financial Services 2,445 50,856
SLM Corp. 1,584 78,677
---------
Total Consumer Finance 397,331
------------------------------------------------------------------------------
Consumer Staples - 0.0%
SUPERVALU, Inc. 528 20,597
------------------------------------------------------------------------------
Containers & Packaging - 0.0%
Sealed Air Corp. 448 11,451
------------------------------------------------------------------------------
Distributors - 0.1%
Genuine Parts Co. 496 24,800
------------------------------------------------------------------------------
Diversified Consumer Services - 0.1%
Apollo Group, Inc. Class A* 464 27,910
H&R Block, Inc. 880 18,638
Weight Watchers International, Inc. 224 12,893
---------
Total Diversified Consumer Services 59,441
------------------------------------------------------------------------------
Diversified Financial Services - 6.0%
Bank of America Corp. 18,734 941,758
CIT Group, Inc. 928 37,306
Citigroup, Inc. 19,598 914,639
CME Group, Inc. 32 18,795
JPMorgan Chase & Co. 12,794 586,221
Moody's Corp. 464 23,386
---------
Total Diversified Financial Services 2,522,105
------------------------------------------------------------------------------
Diversified Telecommunication Services - 2.4%
AT&T, Inc. 14,016 593,017
CenturyTel, Inc. 368 17,009
Verizon Communications, Inc. 8,812 390,195
Windstream Corp. 1,488 21,011
---------
Total Diversified Telecommunication Services 1,021,232
------------------------------------------------------------------------------
Electric Utilities - 1.7%
Allegheny Energy, Inc. 304 15,887
American Electric Power Co., Inc. 976 44,974
Duke Energy Corp. 5,328 99,580
Edison International 1,232 68,314
Entergy Corp. 560 60,642
Exelon Corp. 1,696 127,812
FirstEnergy Corp. 976 61,820
FPL Group, Inc. 1,040 63,315
Pepco Holdings, Inc. 448 12,132
Pinnacle West Capital Corp. 304 12,011
PPL Corp. 1,232 57,042
Progress Energy, Inc. 464 21,738
Southern Co. 2,096 76,043
---------
Total Electric Utilities 721,310
------------------------------------------------------------------------------
See Notes to Financial Statements.
24 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Earnings 500 Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------
Electrical Equipment - 0.4%
Emerson Electric Co. 2,210 $ 117,616
Rockwell Automation, Inc. 512 35,589
---------
Total Electrical Equipment 153,205
---------------------------------------------------------------------------
Electronic Equipment & Instruments - 0.2%
Agilent Technologies, Inc.* 880 32,454
Amphenol Corp. Class A 384 15,268
CDW Corp. 192 16,742
Jabil Circuit, Inc. 400 9,136
Molex, Inc. 432 11,634
---------
Total Electronic Equipment & Instruments 85,234
---------------------------------------------------------------------------
Energy Equipment & Services - 1.2%
Baker Hughes, Inc. 848 76,634
BJ Services Co. 1,280 33,984
Cameron International Corp.* 256 23,626
Diamond Offshore Drilling, Inc. 368 41,691
ENSCO International, Inc. 608 34,109
Grant Prideco, Inc.* 480 26,170
Halliburton Co. 4,152 159,436
National Oilwell Varco, Inc.* 416 60,112
Pride International, Inc.* 384 14,035
Smith International, Inc. 528 37,699
---------
Total Energy Equipment & Services 507,496
---------------------------------------------------------------------------
Food & Staples Retailing - 2.5%
Costco Wholesale Corp. 1,040 63,825
CVS Corp. 3,988 158,044
Kroger Co. (The) 2,096 59,778
Safeway, Inc. 1,104 36,553
SYSCO Corp. 1,248 44,416
Walgreen Co. 2,032 95,992
Wal-Mart Stores, Inc. 12,905 563,304
Whole Foods Market, Inc. 208 10,184
---------
Total Food & Staples Retailing 1,032,096
---------------------------------------------------------------------------
Food Products - 1.7%
Archer-Daniels-Midland Co. 2,424 80,186
Campbell Soup Co. 960 35,520
ConAgra Foods, Inc. 800 20,904
Dean Foods Co. 320 8,186
General Mills, Inc. 912 52,905
H.J. Heinz Co. 720 33,264
Hershey Co. (The) 576 26,732
Hormel Foods Corp. 384 13,740
Kellogg Co. 1,024 57,344
Kraft Foods, Inc. Class A 9,269 319,872
McCormick & Co., Inc. 240 8,633
Sara Lee Corp. 1,488 24,835
Wm. Wrigley Jr. Co. 496 31,858
---------
Total Food Products 713,979
---------------------------------------------------------------------------
Gas Utilities - 0.1%
Equitable Resources, Inc. 256 13,279
Questar Corp. 480 25,214
---------
Total Gas Utilities 38,493
---------------------------------------------------------------------------
Health Care Equipment & Supplies - 1.0%
Baxter International, Inc. 1,408 79,242
Becton Dickinson & Co. 560 45,948
C.R. Bard, Inc. 208 18,344
DENTSPLY International, Inc. 256 10,660
Hospira, Inc.* 288 11,938
Medtronic, Inc. 2,632 148,470
St. Jude Medical, Inc.* 528 23,269
Stryker Corp. 688 47,307
Varian Medical Systems, Inc.* 256 10,724
Zimmer Holdings, Inc.* 528 42,763
---------
Total Health Care Equipment & Supplies 438,665
---------------------------------------------------------------------------
Health Care Providers & Services - 2.2%
Aetna, Inc. 2,000 108,540
AmerisourceBergen Corp. 480 21,758
Cardinal Health, Inc. 1,024 64,031
Cigna Corp. 1,344 71,622
Coventry Health Care, Inc.* 544 33,842
DaVita, Inc.* 256 16,174
Express Scripts, Inc.* 672 37,511
Health Management Associates, Inc. Class A 560 3,886
Health Net, Inc.* 352 19,026
Humana, Inc.* 352 24,598
Laboratory Corp. of America Holdings* 288 22,530
McKesson Corp. 816 47,973
Medco Health Solutions, Inc.* 656 59,296
Omnicare, Inc. 320 10,602
Patterson Cos., Inc.* 272 10,502
PharMerica Corp.* 42 627
Quest Diagnostics, Inc. 608 35,124
UnitedHealth Group, Inc. 3,832 185,583
WellPoint, Inc.* 1,936 152,789
---------
Total Health Care Providers & Services 926,014
---------------------------------------------------------------------------
Health Care Technology - 0.0%
IMS Health, Inc. 560 17,158
---------------------------------------------------------------------------
Hotels, Restaurants & Leisure - 1.2%
Darden Restaurants, Inc. 432 18,084
Harrah's Entertainment, Inc. 272 23,645
Hilton Hotels Corp. 576 26,778
International Game Technology 544 23,446
Las Vegas Sands Corp.* 112 14,943
Marriott International, Inc. Class A 720 31,298
McDonald's Corp. 3,384 184,327
MGM Mirage* 496 44,362
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 25
Schedule of Investments (unaudited) (continued)
WisdomTree Earnings 500 Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Starbucks Corp.* 816 $ 21,379
Starwood Hotels & Resorts Worldwide, Inc. 848 51,516
Wynn Resorts Ltd.* 45 7,090
Yum! Brands, Inc. 1,472 49,798
---------
Total Hotels, Restaurants & Leisure 496,666
------------------------------------------------------------------------------
Household Durables - 0.6%
Black & Decker Corp. (The) 336 27,989
Centex Corp. 880 23,382
D.R. Horton, Inc. 2,344 30,027
Fortune Brands, Inc. 464 37,810
Harman International Industries, Inc. 128 11,075
Mohawk Industries, Inc.* 272 22,114
Newell Rubbermaid, Inc. 750 21,615
Pulte Homes, Inc. 1,856 25,260
Toll Brothers, Inc.* 1,296 25,907
Whirlpool Corp. 288 25,661
---------
Total Household Durables 250,840
------------------------------------------------------------------------------
Household Products - 1.6%
Clorox Co. (The) 368 22,444
Colgate-Palmolive Co. 976 69,608
Kimberly-Clark Corp. 1,088 76,443
Procter & Gamble Co. 7,289 512,709
---------
Total Household Products 681,204
------------------------------------------------------------------------------
Independent Power Producers & Energy - 0.8%
AES Corp. (The)* 1,965 39,379
Constellation Energy Group, Inc. 528 45,297
Mirant Corp.* 1,392 56,627
NRG Energy, Inc.* 1,088 46,012
TXU Corp. 2,194 150,222
---------
Total Independent Power Producers & Energy 337,537
------------------------------------------------------------------------------
Industrial Conglomerates - 3.3%
3M Co. 2,493 233,295
General Electric Co. 26,456 1,095,278
Textron, Inc. 704 43,796
---------
Total Industrial Conglomerates 1,372,369
------------------------------------------------------------------------------
Insurance - 6.8%
Allstate Corp. (The) 3,800 217,322
AMBAC Financial Group, Inc. 496 31,203
American Family Life Assurance Co., Inc. 1,600 91,264
American International Group, Inc. 8,951 605,535
AON Corp. 896 40,150
Assurant, Inc. 656 35,096
Berkshire Hathaway, Inc. Class B* 112 442,624
Chubb Corp. (The) 2,210 118,544
Cincinnati Financial Corp. 592 25,640
CNA Financial Corp.* 704 27,681
Genworth Financial, Inc. Class A 1,920 59,002
Hartford Financial Services Group, Inc. (The) 1,440 133,272
Lincoln National Corp. 896 59,109
Loews Corp. 1,936 93,606
Marsh & McLennan Cos., Inc. 864 22,032
MBIA, Inc. 576 35,165
Metlife, Inc. 3,208 223,694
Nationwide Financial Services, Inc. Class A 672 36,167
Old Republic International Corp. 1,008 18,890
Principal Financial Group, Inc. 864 54,510
Progressive Corp. (The) 3,336 64,752
Prudential Financial, Inc. 1,456 142,076
Safeco Corp. 592 36,242
Torchmark Corp. 400 24,928
Travelers Cos., Inc. (The) 2,984 150,215
Unum Group 736 18,010
W.R. Berkley Corp. 960 28,445
---------
Total Insurance 2,835,174
------------------------------------------------------------------------------
Internet & Catalog Retail - 0.2%
Amazon.Com, Inc.* 400 37,260
Expedia, Inc.* 592 18,873
IAC/InterActiveCorp.* 416 12,343
---------
Total Internet & Catalog Retail 68,476
------------------------------------------------------------------------------
Internet Software & Services - 0.7%
Akamai Technologies, Inc.* 48 1,379
eBay, Inc.* 1,568 61,183
Google, Inc. Class A* 256 145,221
VeriSign, Inc.* 816 27,532
Yahoo! Inc.* 1,712 45,950
---------
Total Internet Software & Services 281,265
------------------------------------------------------------------------------
IT Services - 0.5%
Affiliated Computer Services, Inc. Class A* 272 13,665
Alliance Data Systems Corp.* 144 11,151
Automatic Data Processing, Inc. 1,104 50,707
Broadridge Financial Solutions, Inc. 274 5,192
Cognizant Technology Solutions Corp. Class A* 144 11,487
Computer Sciences Corp.* 384 21,466
Electronic Data Systems Corp. 784 17,123
Fidelity National Information Services, Inc. 288 12,779
Fiserv, Inc.* 448 22,785
Iron Mountain, Inc.* 224 6,828
Paychex, Inc. 592 24,272
Total System Services, Inc. 416 11,556
---------
Total IT Services 209,011
------------------------------------------------------------------------------
Leisure Equipment & Products - 0.1%
Mattel, Inc. 1,264 29,653
------------------------------------------------------------------------------
Life Sciences Tools & Services - 0.1%
Thermo Fisher Scientific, Inc.* 224 12,929
Waters Corp.* 224 14,990
---------
Total Life Sciences Tools & Services 27,919
------------------------------------------------------------------------------
See Notes to Financial Statements.
26 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Earnings 500 Fund
September 30, 2007
-----------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------
Machinery - 2.2%
Caterpillar, Inc. 3,048 $ 239,054
Cummins, Inc. 608 77,757
Danaher Corp. 736 60,875
Deere & Co. 784 116,361
Dover Corp. 592 30,162
Eaton Corp. 640 63,386
Illinois Tool Works, Inc. 1,840 109,738
ITT Corp. 400 27,172
Joy Global, Inc. 448 22,785
Paccar, Inc. 1,104 94,116
Parker Hannifin Corp. 496 55,468
Terex Corp.* 304 27,062
---------
Total Machinery 923,936
-----------------------------------------------------------------------
Media - 2.6%
CBS Corp. Class B 2,016 63,504
Citadel Broadcasting Corp. 389 1,618
Clear Channel Communications, Inc. 864 32,348
Comcast Corp. Class A* 2,668 64,512
DIRECTV Group, Inc. (The)* 2,440 59,243
E.W. Scripps Co. (The) Class A 350 14,700
EchoStar Communications Corp. Class A* 784 36,699
Gannett Co., Inc. 880 38,456
McGraw-Hill Cos., Inc. (The) 640 32,582
News Corp. Class A 15,602 343,088
Omnicom Group, Inc. 832 40,011
Time Warner, Inc. 9,516 174,714
Tribune Co.* 752 20,545
Walt Disney Co. (The) 5,104 175,527
---------
Total Media 1,097,547
-----------------------------------------------------------------------
Metals & Mining - 1.7%
Alcoa, Inc. 3,448 134,886
Allegheny Technologies, Inc. 320 35,184
Freeport-McMoRan Copper & Gold, Inc. 1,184 124,190
Newmont Mining Corp. 576 25,764
Nucor Corp. 1,456 86,588
Southern Copper Corp. 1,600 198,128
Titanium Metals Corp.* 432 14,498
United States Steel Corp. 832 88,142
---------
Total Metals & Mining 707,380
-----------------------------------------------------------------------
Multiline Retail - 0.8%
JC Penney Co., Inc. 688 43,599
Kohl's Corp.* 672 38,526
Macy's, Inc. 1,056 34,130
Nordstrom, Inc. 608 28,509
Sears Holdings Corp.* 256 32,563
Target Corp. 2,194 139,472
---------
Total Multiline Retail 316,799
-----------------------------------------------------------------------
Multi-Utilities - 1.0%
Ameren Corp. 544 28,560
Centerpoint Energy, Inc. 1,392 22,314
Consolidated Edison, Inc. 608 28,150
Dominion Resources, Inc. 976 82,277
DTE Energy Co. 656 31,777
NiSource, Inc. 704 13,475
PG&E Corp. 1,184 56,595
Public Service Enterprise Group, Inc. 480 42,235
SCANA Corp. 352 13,636
Sempra Energy 1,200 69,744
Wisconsin Energy Corp. 352 15,851
Xcel Energy, Inc. 1,200 25,848
---------
Total Multi-Utilities 430,462
-----------------------------------------------------------------------
Office Electronics - 0.2%
Xerox Corp.* 3,752 65,060
-----------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 16.6%
Anadarko Petroleum Corp. 3,720 199,950
Apache Corp. 1,952 175,797
Arch Coal, Inc. 304 10,257
Chesapeake Energy Corp. 2,984 105,216
Chevron Corp. 12,020 1,124,832
ConocoPhillips 11,781 1,034,018
CONSOL Energy, Inc. 496 23,114
Devon Energy Corp. 2,344 195,021
El Paso Corp. 1,168 19,821
EOG Resources, Inc. 1,120 81,010
Exxon Mobil Corp. 26,648 2,466,540
Hess Corp. 1,664 110,706
Marathon Oil Corp. 5,520 314,750
Murphy Oil Corp. 688 48,084
Newfield Exploration Co.* 688 33,134
Noble Energy, Inc. 592 41,464
Occidental Petroleum Corp. 4,588 293,999
Peabody Energy Corp. 656 31,403
Pioneer Natural Resources Co. 272 12,235
Southwestern Energy Co.* 224 9,374
Sunoco, Inc. 880 62,286
Tesoro Corp. 1,024 47,124
Valero Energy Corp. 5,168 347,186
Williams Cos., Inc. (The) 848 28,883
XTO Energy, Inc. 1,936 119,722
---------
Total Oil, Gas & Consumable Fuels 6,935,926
-----------------------------------------------------------------------
Paper & Forest Products - 0.0%
MeadWestvaco Corp. 96 2,835
Weyerhaeuser Co. 80 5,784
---------
Total Paper & Forest Products 8,619
-----------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 27
Schedule of Investments (unaudited) (continued)
WisdomTree Earnings 500 Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
Personal Products - 0.1%
Avon Products, Inc. 784 $ 29,424
Estee Lauder Cos., Inc. (The) Class A 416 17,663
---------
Total Personal Products 47,087
-------------------------------------------------------------------------------
Pharmaceuticals - 5.4%
Abbott Laboratories 3,352 179,734
Barr Pharmaceuticals, Inc.* 320 18,211
Bristol-Myers Squibb Co. 4,556 131,304
Eli Lilly & Co. 3,064 174,434
Forest Laboratories, Inc.* 704 26,252
Johnson & Johnson 8,298 545,179
Merck & Co., Inc. 6,548 338,466
Pfizer, Inc. 24,667 602,615
Schering-Plough Corp. 2,096 66,296
Sepracor, Inc.* 96 2,640
Wyeth 4,152 184,972
---------
Total Pharmaceuticals 2,270,103
-------------------------------------------------------------------------------
Real Estate Investment Trusts - 0.5%
AMB Property Corp. 144 8,613
Archstone-Smith Trust 176 10,585
AvalonBay Communities, Inc. 64 7,556
Boston Properties, Inc. 400 41,559
Developers Diversified Realty Corp. 144 8,045
Duke Realty Corp. 96 3,246
Equity Residential 64 2,711
General Growth Properties, Inc. 30 1,609
HCP, Inc. 208 6,899
Host Hotels & Resorts, Inc. 384 8,617
Kimco Realty Corp. 384 17,361
Macerich Co. (The) 32 2,803
Plum Creek Timber Co., Inc. 416 18,620
Prologis 368 24,416
Public Storage, Inc. 112 8,809
Regency Centers Corp. 80 6,140
Simon Property Group, Inc. 192 19,200
SL Green Realty Corp. 48 5,605
Vornado Realty Trust 192 20,995
---------
Total Real Estate Investment Trusts 223,389
-------------------------------------------------------------------------------
Real Estate Management & Development - 0.0%
CB Richard Ellis Group, Inc. Class A* 448 12,472
-------------------------------------------------------------------------------
Road & Rail - 0.8%
Burlington Northern Santa Fe Corp. 1,248 101,301
CSX Corp. 1,632 69,735
Norfolk Southern Corp. 1,408 73,089
Union Pacific Corp. 736 83,212
---------
Total Road & Rail 327,337
-------------------------------------------------------------------------------
Semiconductors & Semiconductor Equipment - 2.0%
Advanced Micro Devices, Inc.* 1,392 18,374
Altera Corp. 704 16,952
Analog Devices, Inc. 480 17,357
Applied Materials, Inc. 3,304 68,393
Broadcom Corp. Class A* 384 13,993
Intel Corp. 13,545 350,274
KLA-Tencor Corp. 176 9,817
Lam Research Corp.* 448 23,860
Linear Technology Corp. 720 25,193
Maxim Integrated Products, Inc. 784 23,010
MEMC Electronic Materials, Inc.* 336 19,777
Microchip Technology, Inc. 400 14,528
Micron Technology, Inc.* 736 8,170
National Semiconductor Corp. 976 26,469
Nvidia Corp.* 648 23,484
Texas Instruments, Inc. 4,588 167,875
Xilinx, Inc. 672 17,566
---------
Total Semiconductors & Semiconductor Equipment 845,092
-------------------------------------------------------------------------------
Software - 2.4%
Activision Inc.* 80 1,727
Adobe Systems, Inc.* 544 23,751
Autodesk, Inc.* 256 12,792
BEA Systems, Inc.* 336 4,660
BMC Software, Inc.* 272 8,495
CA, Inc. 208 5,350
Cadence Design Systems, Inc.* 192 4,260
Citrix Systems, Inc.* 336 13,547
Electronic Arts, Inc.* 144 8,063
Intuit, Inc.* 608 18,422
Microsoft Corp. 22,635 666,826
Oracle Corp.* 9,890 214,119
Symantec Corp.* 720 13,954
---------
Total Software 995,966
-------------------------------------------------------------------------------
Specialty Retail - 1.8%
Abercrombie & Fitch Co. Class A 256 20,659
American Eagle Outfitters, Inc. 496 13,050
Autozone, Inc.* 256 29,732
Bed Bath & Beyond, Inc.* 736 25,112
Best Buy Co., Inc. 1,264 58,169
Carmax, Inc.* 352 7,156
Gap, Inc. (The) 2,162 39,867
Home Depot, Inc. 7,994 259,326
Limited Brands, Inc. 1,200 27,468
Lowe's Cos., Inc. 5,072 142,117
Office Depot, Inc.* 624 12,867
Sherwin-Williams Co. (The) 448 29,438
Staples, Inc. 1,584 34,040
Tiffany & Co. 336 17,590
TJX Cos., Inc. 1,312 38,140
---------
Total Specialty Retail 754,731
-------------------------------------------------------------------------------
See Notes to Financial Statements.
28 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Earnings 500 Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------------
Textiles, Apparel & Luxury Goods - 0.4%
Coach, Inc.* 640 $ 30,253
Nike, Inc. Class B 1,408 82,593
Polo Ralph Lauren Corp. 240 18,660
VF Corp. 352 28,424
-----------
Total Textiles, Apparel & Luxury Goods 159,930
--------------------------------------------------------------------------------
Thrifts & Mortgage Finance - 0.6%
Countrywide Financial Corp. 3,674 69,843
Hudson City Bancorp, Inc. 1,064 16,364
MGIC Investment Corp. 480 15,509
New York Community Bancorp, Inc. 672 12,802
People's Bank 131 2,264
Sovereign Bancorp, Inc. 864 14,723
Washington Mutual, Inc. 3,672 129,657
-----------
Total Thrifts & Mortgage Finance 261,162
--------------------------------------------------------------------------------
Tobacco - 1.5%
Altria Group, Inc. 6,852 476,420
Reynolds American, Inc. 2,096 133,285
UST, Inc. 464 23,014
-----------
Total Tobacco 632,719
--------------------------------------------------------------------------------
Trading Companies & Distributors - 0.1%
Fastenal Co. 288 13,078
W.W. Grainger, Inc. 288 26,263
-----------
Total Trading Companies & Distributors 39,341
--------------------------------------------------------------------------------
Wireless Telecommunication Services - 0.6%
ALLTEL Corp. 656 45,710
NII Holdings, Inc.* 176 14,458
Sprint Nextel Corp. 2,392 45,448
Telephone & Data Systems, Inc. 1,696 113,208
United States Cellular Corp.* 224 21,997
-----------
Total Wireless Telecommunication Services 240,821
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $40,617,549) 41,607,412
================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.0%
MONEY MARKET FUND(b) - 0.0%
UBS Private Money Market Fund LLC, 5.21%
(Cost: $21,500)(c) 21,500 21,500
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 99.5%
(Cost: $40,639,049)(d) 41,628,912
Cash and Other Assets in Excess of Liabilities - 0.5% 196,247
-----------
NET ASSETS - 100.0% $41,825,159
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $20,960 and the total market value of the collateral held by the
Fund was $21,500.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 29
Schedule of Investments (unaudited)
WisdomTree MidCap Earnings Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Aerospace & Defense - 1.2%
Alliant Techsystems, Inc.* 534 $ 58,366
BE Aerospace, Inc.* 1,331 55,276
Ceradyne, Inc.* 535 40,521
Curtiss-Wright Corp. 561 26,648
DRS Technologies, Inc. 473 26,072
Hexcel Corp.* 2,764 62,770
Moog, Inc. Class A* 625 27,463
Teledyne Technologies, Inc.* 506 27,015
--------
Total Aerospace & Defense 324,131
------------------------------------------------------------------------
Air Freight & Logistics - 0.0%
Hub Group, Inc. Class A* 419 12,583
------------------------------------------------------------------------
Airlines - 0.4%
Continental Airlines, Inc. Class B* 1,731 57,175
Skywest, Inc. 1,671 42,059
--------
Total Airlines 99,234
------------------------------------------------------------------------
Auto Components - 2.0%
ArvinMeritor, Inc. 2,016 33,909
Autoliv, Inc. 1,705 101,874
BorgWarner, Inc. 1,127 103,154
Gentex Corp. 1,826 39,149
Goodyear Tire & Rubber Co. (The)* 4,883 148,493
Sauer-Danfoss, Inc. 528 14,087
TRW Automotive Holdings Corp.* 3,102 98,271
--------
Total Auto Components 538,937
------------------------------------------------------------------------
Automobiles - 0.2%
Thor Industries, Inc. 1,050 47,240
------------------------------------------------------------------------
Beverages - 0.4%
Hansen Natural Corp.* 539 30,551
PepsiAmericas, Inc. 2,170 70,394
--------
Total Beverages 100,945
------------------------------------------------------------------------
Biotechnology - 0.7%
Cephalon, Inc.* 651 47,562
ImClone Systems, Inc.* 2,993 123,731
United Therapeutics Corp.* 295 19,629
--------
Total Biotechnology 190,922
------------------------------------------------------------------------
Building Products - 0.3%
Lennox International, Inc. 1,491 50,396
NCI Buildings Systems, Inc.* 96 4,148
Simpson Manufacturing Co., Inc. 975 31,054
--------
Total Building Products 85,598
------------------------------------------------------------------------
Capital Markets - 2.6%
Affiliated Managers Group, Inc.* 363 46,286
Allied Capital Corp.(a) 4,622 135,842
Apollo Investment Corp. 1,595 33,176
Eaton Vance Corp. 1,276 50,989
Federated Investors, Inc. Class B 1,540 61,138
GFI Group, Inc.* 286 24,630
Greenhill & Co., Inc. 297 18,132
Investment Technology Group, Inc.* 591 25,401
Janus Capital Group, Inc. 1,408 39,818
Jefferies Group, Inc. 1,919 53,406
Knight Capital Group, Inc. Class A* 1,892 22,628
MCG Capital Corp. 1,705 24,535
Nuveen Investments, Inc. Class A 893 55,312
optionsXpress Holdings, Inc. 915 23,918
Raymond James Financial, Inc. 1,782 58,539
Waddell & Reed Financial, Inc. Class A 1,309 35,382
--------
Total Capital Markets 709,132
------------------------------------------------------------------------
Chemicals - 3.6%
Airgas, Inc. 937 48,377
Albemarle Corp. 780 34,476
Cabot Corp. 684 24,303
Celanese Corp. Series A 3,328 129,725
CF Industries Holdings, Inc. 572 43,421
Cytec Industries, Inc. 548 37,478
FMC Corp. 924 48,066
H.B. Fuller Co. 827 24,545
Hercules, Inc. 937 19,696
Huntsman Corp. 4,722 125,086
International Flavors & Fragrances, Inc. 1,386 73,264
Lubrizol Corp. 1,083 70,460
Nalco Holding Co. 1,017 30,154
Olin Corp. 2,604 58,278
OM Group, Inc.* 787 41,561
Rockwood Holdings, Inc.* 882 31,602
Scotts Miracle-Gro Co. (The) Class A 744 31,806
Valhi, Inc. 794 18,858
Valspar Corp. (The) 1,639 44,597
Westlake Chemical Corp. 2,118 53,649
--------
Total Chemicals 989,402
------------------------------------------------------------------------
Commercial Banks - 4.6%
Alabama National Bancorp 286 22,285
Associated Banc-Corp 2,566 76,030
BancorpSouth, Inc. 1,386 33,680
Bank of Hawaii Corp. 904 47,776
BOK Financial Corp. 1,075 55,266
Cathay General Bancorp 925 29,794
Central Pacific Financial Corp. 603 17,608
Chittenden Corp. 750 26,370
Citizens Banking Corp. 1,441 23,215
City National Corp. 915 63,601
Colonial BancGroup, Inc. (The) 2,698 58,330
Commerce Bancshares, Inc. 1,226 56,261
Cullen/Frost Bankers, Inc. 904 45,308
East West Bancorp, Inc. 1,050 37,758
First Citizens BancShares, Inc. Class A 165 28,776
First Community Bancorp 377 20,626
First Midwest Bancorp, Inc. 772 26,372
FirstMerit Corp. 1,276 25,214
Fulton Financial Corp. 3,017 43,384
See Notes to Financial Statements.
30 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
Glacier Bancorp, Inc. 647 $ 14,570
Hancock Holding Co. 473 18,958
International Bancshares Corp. 1,253 27,190
Old National Bancorp 831 13,770
Pacific Capital Bancorp 882 23,197
Park National Corp.(a) 264 23,021
Provident Bankshares Corp. 550 17,232
South Financial Group, Inc. (The) 835 18,988
Susquehanna Bancshares, Inc. 871 17,507
SVB Financial Group* 550 26,048
TCF Financial Corp. 2,560 67,020
Trustmark Corp. 970 27,199
UCBH Holdings, Inc. 1,215 21,238
UMB Financial Corp. 506 21,687
Umpqua Holdings Corp. 706 14,127
United Bankshares, Inc. 616 18,751
Valley National Bancorp 1,875 41,588
Westamerica Bancorp 550 27,396
Whitney Holding Corp. 1,193 31,471
Wilmington Trust Corp. 1,182 45,980
---------
Total Commercial Banks 1,254,592
----------------------------------------------------------------------
Commercial Services & Supplies - 2.2%
Allied Waste Industries, Inc.* 3,492 44,523
American Reprographics Co.* 583 10,914
Brady Corp. Class A 750 26,910
Brink's Co. (The) 308 17,211
ChoicePoint, Inc.* 739 28,023
Copart, Inc.* 1,017 34,975
Corporate Executive Board Co. 242 17,966
Corrections Corp. of America* 1,078 28,211
Covanta Holding Corp.* 1,408 34,510
Deluxe Corp. 1,061 39,087
Herman Miller, Inc. 853 23,150
HNI Corp. 823 29,628
IKON Office Solutions, Inc. 1,617 20,778
Mine Safety Appliances Co. 484 22,801
PHH Corp.* 970 25,492
Resources Connection, Inc. 605 14,006
Rollins, Inc. 849 22,660
Steelcase, Inc. Class A 1,061 19,077
Stericycle, Inc.* 750 42,870
TeleTech Holdings, Inc.* 583 13,940
United Stationers, Inc.* 747 41,473
Waste Connections, Inc.* 662 21,025
Watson Wyatt Worldwide, Inc. Class A 583 26,200
---------
Total Commercial Services & Supplies 605,430
----------------------------------------------------------------------
Communications Equipment - 1.0%
ADC Telecommunications, Inc.* 1,127 22,100
Adtran, Inc. 1,162 26,761
Arris Group, Inc.* 2,326 28,726
Avocent Corp.* 539 15,696
CommScope, Inc.* 1,083 54,410
F5 Networks, Inc.* 506 18,818
Foundry Networks, Inc.* 815 14,483
InterDigital, Inc.* 695 14,442
Polycom, Inc.* 550 14,773
Tellabs, Inc.* 6,797 64,707
---------
Total Communications Equipment 274,916
----------------------------------------------------------------------
Computers & Peripherals - 1.3%
Brocade Communications Systems, Inc.* 2,293 19,628
Diebold, Inc. 418 18,986
Emulex Corp.* 1,072 20,550
Imation Corp. 440 10,793
Intermec, Inc.* 748 19,538
Palm, Inc.* 6,522 106,113
QLogic Corp.* 1,149 15,454
Western Digital Corp.* 5,787 146,527
---------
Total Computers & Peripherals 357,589
----------------------------------------------------------------------
Construction & Engineering - 0.7%
EMCOR Group, Inc.* 638 20,008
Granite Construction, Inc. 572 30,327
Quanta Services, Inc.* 959 25,366
Shaw Group, Inc. (The)* 627 36,429
URS Corp.* 717 40,474
Washington Group International, Inc.* 330 28,977
---------
Total Construction & Engineering 181,581
----------------------------------------------------------------------
Construction Materials - 1.2%
Eagle Materials, Inc. 1,364 48,749
Florida Rock Industries, Inc. 2,743 171,410
Martin Marietta Materials, Inc. 616 82,267
Texas Industries, Inc. 284 22,294
---------
Total Construction Materials 324,720
----------------------------------------------------------------------
Consumer Finance - 1.0%
Advanta Corp. Class B 728 19,962
AmeriCredit Corp.* 3,831 67,349
CompuCredit Corp.*(a) 761 16,521
First Marblehead Corp. (The)(a) 1,975 74,912
Nelnet, Inc. Class A 1,155 21,067
Student Loan Corp. (The) 408 73,571
---------
Total Consumer Finance 273,382
----------------------------------------------------------------------
Containers & Packaging - 1.6%
AptarGroup, Inc. 915 34,651
Ball Corp. 1,793 96,374
Bemis Co. Inc. 1,386 40,346
Greif, Inc. Class A 396 24,029
Packaging Corp. of America 1,088 31,628
Pactiv Corp.* 1,639 46,974
Silgan Holdings, Inc. 572 30,745
Sonoco Products Co. 1,408 42,493
Temple-Inland, Inc. 1,844 97,051
---------
Total Containers & Packaging 444,291
----------------------------------------------------------------------
Diversified Consumer Services - 1.0%
Career Education Corp.* 1,859 52,033
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 31
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
DeVry, Inc. 651 $ 24,094
ITT Educational Services, Inc.* 418 50,866
Matthews International Corp. Class A 486 21,287
Regis Corp. 594 18,955
Service Corp International 2,126 27,425
Sotheby's 750 35,843
Strayer Education, Inc. 165 27,824
---------
Total Diversified Consumer Services 258,327
------------------------------------------------------------------------------
Diversified Financials - 0.2%
International Securities Exchange, Inc. 407 27,053
Nasdaq Stock Market, Inc. (The)* 594 22,382
---------
Total Diversified Financials 49,435
------------------------------------------------------------------------------
Diversified Telecommunication Services - 0.4%
Citizens Communications Co. 4,576 65,529
Golden Telecom, Inc. 517 41,613
---------
Total Diversified Telecommunication Services 107,142
------------------------------------------------------------------------------
Electric Utilities - 1.4%
ALLETE, Inc. 473 21,171
Cleco Corp. 1,760 44,475
DPL, Inc. 1,606 42,174
EL Paso Electric Co.* 905 20,933
Great Plains Energy, Inc. 1,039 29,934
Hawaiian Electric Industries, Inc. 1,149 24,945
IDACORP, Inc. 758 24,817
ITC Holdings Corp. 429 21,257
Northeast Utilities 1,028 29,370
Sierra Pacific Resources 4,359 68,566
UniSource Energy Corp. 627 18,741
Westar Energy, Inc. 1,639 40,254
---------
Total Electric Utilities 386,637
------------------------------------------------------------------------------
Electrical Equipment - 1.7%
Acuity Brands, Inc. 594 29,985
AMETEK, Inc. 1,441 62,280
Belden, Inc. 494 23,174
Franklin Electric Co., Inc. 676 27,790
General Cable Corp.* 605 40,608
Genlyte Group, Inc.* 495 31,809
Hubbell, Inc. Class B 1,096 62,603
Regal-Beloit Corp. 549 26,292
Roper Industries, Inc. 987 64,648
Thomas & Betts Corp.* 835 48,964
Woodward Governor Co. 472 29,453
---------
Total Electrical Equipment 447,606
------------------------------------------------------------------------------
Electronic Equipment & Instruments - 2.7%
Anixter International, Inc.* 815 67,197
Arrow Electronics, Inc.* 2,834 120,502
Avnet, Inc.* 2,687 107,104
AVX Corp. 2,472 39,799
Benchmark Electronics, Inc.* 1,242 29,647
Dolby Laboratories, Inc. Class A* 783 27,264
Flir Systems, Inc.* 783 43,370
Ingram Micro, Inc. Class A* 3,435 67,360
Itron, Inc.* 308 28,666
Mettler-Toledo International, Inc.* 496 50,592
National Instruments Corp. 684 23,482
Solectron Corp.* 8,916 34,772
Tektronix, Inc. 838 23,246
Trimble Navigation Ltd.* 1,083 42,464
Vishay Intertechnology, Inc.* 2,973 38,738
---------
Total Electronic Equipment & Instruments 744,203
------------------------------------------------------------------------------
Energy Equipment & Services - 4.2%
Atwood Oceanics, Inc.* 407 31,160
Dresser-Rand Group, Inc.* 772 32,972
Dril-Quip, Inc.* 506 24,971
Exterran Holdings, Inc.* 636 51,096
FMC Technologies, Inc.* 1,588 91,564
Global Industries Ltd.* 2,720 70,067
Grey Wolf, Inc.* 7,334 48,038
Helmerich & Payne, Inc. 2,819 92,548
Oceaneering International, Inc.* 717 54,349
Oil States International, Inc.* 1,419 68,538
Patterson-UTI Energy, Inc. 6,925 156,296
Rowan Cos., Inc. 2,260 82,671
RPC, Inc. 1,584 22,509
SEACOR Holdings, Inc.* 627 59,628
Superior Energy Services, Inc.* 1,061 37,602
Tetra Technologies, Inc.* 816 17,250
Tidewater, Inc. 1,364 85,714
Unit Corp.* 1,639 79,328
W-H Energy Services, Inc.* 539 39,751
---------
Total Energy Equipment & Services 1,146,052
------------------------------------------------------------------------------
Food & Staples Retailing - 1.6%
BJ's Wholesale Club, Inc.* 998 33,094
Casey's General Stores, Inc. 728 20,166
Longs Drug Stores Corp. 440 21,855
Rite Aid Corp.* 66,713 308,213
Ruddick Corp. 744 24,954
United Natural Foods, Inc.* 572 15,570
---------
Total Food & Staples Retailing 423,852
------------------------------------------------------------------------------
Food Products - 1.2%
Corn Products International, Inc. 860 39,448
Del Monte Foods Co. 2,929 30,755
Flowers Foods, Inc. 976 21,277
J.M. Smucker Co. (The) 750 40,065
Lancaster Colony Corp. 484 18,474
Ralcorp Holdings, Inc.* 352 19,649
Seaboard Corp. 44 86,240
Smithfield Foods, Inc.* 1,716 54,054
Tootsie Roll Industries, Inc. 627 16,634
---------
Total Food Products 326,596
------------------------------------------------------------------------------
See Notes to Financial Statements.
32 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------
Gas Utilities - 1.9%
AGL Resources Inc. 1,584 $62,758
Atmos Energy Corp. 1,287 36,448
Energen Corp. 1,364 77,913
National Fuel Gas Co. 1,061 49,665
New Jersey Resources Corp. 436 21,621
Nicor, Inc. 754 32,347
Northwest Natural Gas Co. 491 22,439
ONEOK, Inc. 1,353 64,132
Piedmont Natural Gas Co., Inc. 948 23,785
Southern Union Co. 1,551 48,252
Southwest Gas Corp. 484 13,692
UGI Corp. 1,683 43,724
WGL Holdings, Inc. 725 24,570
-------
Total Gas Utilities 521,346
----------------------------------------------------------------------
Health Care Equipment & Supplies - 2.4%
Advanced Medical Optics, Inc* 495 15,142
Beckman Coulter, Inc. 396 29,209
Cooper Cos., Inc. (The) 407 21,335
Cytyc Corp.* 1,182 56,322
Dade Behring Holdings, Inc. 893 68,181
Edwards Lifesciences Corp.* 627 30,917
Gen-Probe, Inc.* 363 24,169
Hillenbrand Industries, Inc. 920 50,618
Hologic, Inc.* 352 21,472
IDEXX Laboratories, Inc.* 286 31,343
Immucor, Inc.* 583 20,842
Intuitive Surgical, Inc.* 253 58,190
Kinetic Concepts, Inc.* 1,309 73,670
Kyphon, Inc.* 373 26,110
Mentor Corp. 385 17,729
Resmed, Inc.* 528 22,635
Respironics, Inc.* 750 36,023
Sirona Dental Systems, Inc.* 368 13,127
STERIS Corp. 728 19,896
West Pharmaceutical Services, Inc. 280 11,665
-------
Total Health Care Equipment & Supplies 648,595
----------------------------------------------------------------------
Health Care Providers & Services - 2.0%
AMERIGROUP Corp.* 1,478 50,961
Community Health Systems, Inc.* 1,276 40,117
Henry Schein, Inc.* 915 55,669
LifePoint Hospitals, Inc.* 1,061 31,841
Lincare Holdings, Inc.* 1,452 53,216
Magellan Health Services, Inc.* 513 20,818
Manor Care, Inc. 871 56,092
Owens & Minor, Inc. 688 26,206
Pediatrix Medical Group, Inc.* 352 23,028
Psychiatric Solutions, Inc.* 495 19,444
Sierra Health Services, Inc.* 959 40,460
Sunrise Senior Living, Inc.* 517 18,286
Universal Health Services, Inc. Class B 594 32,325
VCA Antech, Inc.* 794 33,150
WellCare Health Plans, Inc.* 352 37,111
-------
Total Health Care Providers & Services 538,724
----------------------------------------------------------------------
Health Care Technology - 0.2%
Allscripts Healthcare Solutions, Inc.* 468 12,650
Cerner Corp.* 528 31,580
HLTH Corp.* 1,738 24,627
-------
Total Health Care Technology 68,857
----------------------------------------------------------------------
Hotels, Restaurants & Leisure - 2.5%
Ameristar Casinos, Inc. 605 17,001
Applebee's International, Inc. 948 23,586
Boyd Gaming Corp. 739 31,666
Brinker International, Inc. 1,965 53,920
CBRL Group, Inc. 711 29,009
CEC Entertainment, Inc.* 472 12,683
Cheesecake Factory (The)* 926 21,733
Choice Hotels International, Inc. 706 26,595
CKE Restaurants, Inc. 3,016 48,889
Domino's Pizza, Inc. 2,083 34,557
International Speedway Corp. Class A 849 38,935
Jack in the Box, Inc.* 519 33,652
Life Time Fitness, Inc.* 352 21,592
Panera Bread Co. Class A* 328 13,382
Penn National Gaming, Inc.* 1,138 67,164
Pinnacle Entertainment, Inc.* 561 15,276
Ruby Tuesday, Inc. 999 18,322
Scientific Games Corp. Class A* 662 24,891
Sonic Corp.* 985 23,049
Speedway Motorsports, Inc. 783 28,971
Station Casinos, Inc. 429 37,529
Vail Resorts, Inc.* 396 24,667
Wendy's International, Inc. 572 19,969
-------
Total Hotels, Restaurants & Leisure 667,038
----------------------------------------------------------------------
Household Durables - 2.9%
American Greetings Corp. Class A 1,039 27,430
Beazer Homes USA, Inc.(a) 2,316 19,107
Ethan Allen Interiors, Inc. 572 18,699
Hovnanian Enterprises, Inc. Class A*(a) 3,295 36,542
Jarden Corp.* 572 17,698
KB Home 3,591 89,990
Leggett & Platt, Inc. 3,164 60,622
MDC Holdings, Inc. 2,031 83,149
Meritage Homes Corp.*(a) 1,887 26,644
NVR, Inc.* 287 134,961
Ryland Group, Inc. (The) 2,232 47,832
Snap-On, Inc. 651 32,251
Standard-Pacific Corp. 3,921 21,526
Stanley Works (The) 1,480 83,072
Tempur-Pedic International, Inc. 1,474 52,696
Tupperware Brands Corp. 1,006 31,679
-------
Total Household Durables 783,898
----------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------------
Household Products - 0.7%
Central Garden & Pet Co.* 3,544 $ 31,542
Church & Dwight Co., Inc. 1,105 51,979
Energizer Holdings, Inc.* 1,031 114,286
---------
Total Household Products 197,807
--------------------------------------------------------------------------------
Independent Power Producers & Energy - 0.1%
Ormat Technologies, Inc. 429 19,880
--------------------------------------------------------------------------------
Industrial Conglomerates - 0.6%
Carlisle Cos., Inc. 1,083 52,634
Sequa Corp. Class A* 154 25,530
Teleflex, Inc. 572 44,570
Walter Industries, Inc. 1,628 43,793
---------
Total Industrial Conglomerates 166,527
--------------------------------------------------------------------------------
Insurance - 6.0%
Alfa Corp. 1,398 25,416
Alleghany Corp.* 143 58,058
American Financial Group, Inc. 2,797 79,770
American National Insurance Co. 385 50,647
Arthur J. Gallagher & Co. 1,127 32,649
Brown & Brown, Inc. 1,584 41,659
Commerce Group, Inc. 2,170 63,950
Conseco, Inc.* 3,391 54,256
Delphi Financial Group, Inc. Class A 937 37,874
Erie Indemnity Co. Class A 981 59,969
FBL Financial Group, Inc. Class A 539 21,285
First American Corp. 1,844 67,527
Hanover Insurance Group, Inc. (The) 1,171 51,746
HCC Insurance Holdings, Inc. 2,027 58,053
Hilb Rogal & Hobbs Co. 548 23,745
Markel Corp.* 220 106,479
Mercury General Corp. 1,017 54,847
National Financial Partners Corp. 396 20,980
Odyssey Re Holdings Corp. 1,870 69,396
Philadelphia Consolidated Holding Co.* 1,659 68,583
Phoenix Cos., Inc. (The) 1,320 18,625
ProAssurance Corp.* 638 34,369
Protective Life Corp. 1,713 72,700
Reinsurance Group of America, Inc. 1,408 79,820
RLI Corp. 454 25,751
Selective Insurance Group, Inc. 1,364 29,026
StanCorp Financial Group, Inc. 1,160 57,432
State Auto Financial Corp. 794 23,225
Transatlantic Holdings, Inc. 1,353 95,155
Unitrin, Inc. 1,518 75,278
Wesco Financial Corp. 55 21,890
Zenith National Insurance Corp. 1,342 60,242
---------
Total Insurance 1,640,402
--------------------------------------------------------------------------------
Internet & Catalog Retail - 0.3%
NetFlix, Inc.*(a) 816 16,908
NutriSystem, Inc.* 429 20,116
priceline.com, Inc.* 407 36,121
---------
Total Internet & Catalog Retail 73,145
--------------------------------------------------------------------------------
Internet Software & Services - 0.2%
Digital River, Inc.* 341 15,260
RealNetworks, Inc.* 1,804 12,231
ValueClick, Inc.* 717 16,104
---------
Total Internet Software & Services 43,595
--------------------------------------------------------------------------------
IT Services - 1.6%
Acxiom Corp. 936 18,523
CACI International, Inc. Class A* 311 15,889
Ceridian Corp.* 1,738 60,377
CheckFree Corp.* 827 38,489
Convergys Corp.* 1,617 28,071
DST Systems, Inc.* 637 54,661
Gartner, Inc.* 849 20,767
Global Payments, Inc. 758 33,519
Mantech International Corp.* 983 35,368
MoneyGram International, Inc. 1,386 31,310
MPS Group, Inc.* 1,364 15,209
Perot Systems Corp. Class A* 1,127 19,058
VeriFone Holdings, Inc.* 462 20,480
Wright Express Corp.* 1,006 36,709
---------
Total IT Services 428,430
--------------------------------------------------------------------------------
Leisure Equipment & Products - 0.7%
Brunswick Corp. 2,588 59,162
Hasbro, Inc. 2,159 60,193
Oakley, Inc. 849 24,646
Polaris Industries, Inc. 695 30,316
Pool Corp.(a) 706 17,636
---------
Total Leisure Equipment & Products 191,953
--------------------------------------------------------------------------------
Life Sciences Tools & Services - 1.3%
Affymetrix, Inc.* 591 14,994
Bio-Rad Laboratories, Inc. Class A* 332 30,046
Charles River Laboratories International, Inc.* 849 47,672
Covance, Inc.* 616 47,987
Illumina, Inc.* 399 20,700
Invitrogen Corp.* 462 37,759
Millipore Corp.* 308 23,346
PerkinElmer, Inc. 805 23,514
Pharmaceutical Product Development, Inc. 1,226 43,449
TECHNE Corp.* 375 23,655
Varian, Inc.* 330 20,991
Ventana Medical Systems, Inc.* 340 29,209
---------
Total Life Sciences Tools & Services 363,322
--------------------------------------------------------------------------------
Machinery - 4.6%
Actuant Corp. Class A 484 31,445
AGCO Corp.* 539 27,365
Briggs & Stratton Corp. 838 21,101
See Notes to Financial Statements.
34 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
Bucyrus International, Inc. Class A 475 $ 34,642
CLARCOR, Inc. 638 21,826
Crane Co. 1,185 56,844
Donaldson Co., Inc. 1,017 42,470
Flowserve Corp. 517 39,385
Gardner Denver, Inc.* 869 33,891
Graco, Inc. 987 38,602
Harsco Corp. 1,353 80,192
IDEX Corp. 1,085 39,483
Kennametal, Inc. 618 51,900
Lincoln Electric Holdings, Inc. 695 53,939
Manitowoc Co., Inc. (The) 1,254 55,527
Mueller Industries, Inc. 1,469 53,090
NACCO Industries, Inc. Class A 172 17,799
Nordson Corp. 539 27,063
Oshkosh Truck Corp. 1,160 71,885
Pall Corp. 1,204 46,836
Pentair, Inc. 1,507 50,002
SPX Corp. 838 77,565
Timken Co. (The) 3,072 114,124
Toro Co. (The) 761 44,770
Trinity Industries, Inc. 1,285 48,239
Valmont Industries, Inc. 341 28,934
Wabtec Corp. 717 26,859
Watts Water Technologies, Inc. Class A 474 14,552
---------
Total Machinery 1,250,330
-------------------------------------------------------------------------
Marine - 0.2%
Alexander & Baldwin, Inc. 548 27,471
Kirby Corp.* 684 30,192
---------
Total Marine 57,663
-------------------------------------------------------------------------
Media - 2.1%
Arbitron, Inc. 250 11,335
Belo Corp. Class A 1,771 30,745
Catalina Marketing Corp. 582 18,851
Cox Radio, Inc. Class A* 1,215 15,856
Discovery Holding Co. Class A* 1,182 34,101
Dow Jones & Co., Inc. 506 30,208
DreamWorks Animation SKG, Inc. Class A* 948 31,682
Gemstar-TV Guide International, Inc.* 4,601 32,023
Getty Images, Inc.* 958 26,671
Harte-Hanks, Inc. 1,138 22,396
Hearst-Argyle Television, Inc. 728 18,899
Interactive Data Corp. 1,061 29,920
John Wiley & Sons, Inc. Class A 1,006 45,199
Lee Enterprises, Inc. 754 11,740
Marvel Entertainment, Inc.* 706 16,549
McClatchy Co. Class A 1,145 22,877
Meredith Corp. 717 41,083
Morningstar, Inc.* 407 24,990
New York Times Co. (The) Class A 2,027 40,054
Regal Entertainment Group Class A 1,171 25,703
Scholastic Corp.* 528 18,406
Warner Music Group Corp. 937 9,464
---------
Total Media 558,752
-------------------------------------------------------------------------
Metals & Mining - 3.4%
AK Steel Holding Corp.* 1,936 85,087
Carpenter Technology Corp. 517 67,215
Cleveland-Cliffs, Inc. 1,584 139,344
Coeur d'Alene Mines Corp.* 4,728 17,919
Commercial Metals Co. 3,391 107,325
Quanex Corp. 1,667 78,316
Reliance Steel & Aluminum Co. 2,695 152,376
RTI International Metals, Inc.* 242 19,181
Schnitzer Steel Industries, Inc. Class A 805 58,998
Steel Dynamics, Inc. 3,141 146,685
Titanium Metals Corp.* 374 12,551
Worthington Industries, Inc.(a) 1,903 44,835
---------
Total Metals & Mining 929,832
-------------------------------------------------------------------------
Multiline Retail - 0.6%
Big Lots, Inc.* 717 21,395
Dillard's, Inc. Class A 1,208 26,371
Dollar Tree Stores, Inc.* 1,496 60,648
Family Dollar Stores, Inc. 1,804 47,914
---------
Total Multiline Retail 156,328
-------------------------------------------------------------------------
Multi-Utilities - 2.0%
Alliant Energy Corp. 695 26,632
Avista Corp. 838 17,053
Black Hills Corp. 596 24,448
Energy East Corp. 2,238 60,538
Integrys Energy Group, Inc. 1,090 55,841
MDU Resources Group, Inc. 3,193 88,892
NSTAR 1,661 57,819
OGE Energy Corp. 1,595 52,795
PNM Resources, Inc. 695 16,180
Puget Energy, Inc. 1,716 41,991
TECO Energy, Inc. 3,774 62,007
Vectren Corp. 1,204 32,857
---------
Total Multi-Utilities 537,053
-------------------------------------------------------------------------
Office Electronics - 0.1%
Zebra Technologies Corp. Class A* 864 31,527
-------------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 5.6%
Alon USA Energy, Inc. 2,120 71,614
Berry Petroleum Co. Class A 1,006 39,828
Bill Barrett Corp.* 662 26,089
Cabot Oil & Gas Corp. 1,661 58,401
Cimarex Energy Co. 3,215 119,758
Comstock Resources, Inc.* 871 26,862
Crosstex Energy, Inc.(a) 1,063 40,298
Denbury Resources, Inc.* 1,837 82,095
Encore Acquisition Co.* 1,204 38,107
Forest Oil Corp.* 1,790 77,042
Foundation Coal Holdings, Inc. 627 24,578
Frontier Oil Corp. 3,292 137,078
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 35
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------------
Helix Energy Solutions Group, Inc.* 1,815 $ 77,065
Holly Corp. 1,193 71,377
Overseas Shipholding Group, Inc. 1,767 135,758
Penn Virginia Corp. 662 29,115
PetroHawk Energy Corp.* 2,731 44,843
Plains Exploration & Production Co.* 385 17,025
Pogo Producing Co. 2,132 113,230
Quicksilver Resources, Inc.* 684 32,182
Range Resources Corp. 1,936 78,718
St. Mary Land & Exploration Co. 1,397 49,831
Swift Energy Co.* 893 36,542
W&T Offshore, Inc. 1,782 43,445
Whiting Petroleum Corp.* 904 40,183
---------
Total Oil, Gas & Consumable Fuels 1,511,064
---------------------------------------------------------------------------------
Paper & Forest Products - 0.2%
Louisiana-Pacific Corp. 3,099 52,590
---------------------------------------------------------------------------------
Personal Products - 0.3%
Alberto-Culver Co. 2,513 62,297
NBTY, Inc.* 800 32,480
---------
Total Personal Products 94,777
---------------------------------------------------------------------------------
Pharmaceuticals - 0.8%
Alpharma, Inc. Class A* 1,161 24,799
Endo Pharmaceuticals Holdings, Inc.* 1,859 57,648
King Pharmaceuticals, Inc.* 2,588 30,331
Mylan Laboratories, Inc. 3,248 51,838
Perrigo Co. 1,171 25,001
Watson Pharmaceuticals, Inc.* 673 21,805
---------
Total Pharmaceuticals 211,422
---------------------------------------------------------------------------------
Real Estate Investment Trusts - 2.8%
Alexander's, Inc.* 44 16,962
Alexandria Real Estate Equities, Inc. 176 16,942
BRE Properties, Inc. 264 14,766
Camden Property Trust 451 28,977
CBL & Associates Properties, Inc. 451 15,808
Colonial Properties Trust 473 16,224
Corporate Office Properties Trust 341 14,196
Cousins Properties, Inc. 1,039 30,505
DiamondRock Hospitality Co. 1,006 17,514
Entertainment Properties Trust 286 14,529
Equity One, Inc. 1,496 40,691
Essex Property Trust, Inc. 132 15,519
Federal Realty Investment Trust 264 23,390
Health Care REIT, Inc. 539 23,845
Healthcare Realty Trust, Inc. 440 11,730
Highwoods Properties, Inc. 418 15,328
Home Properties, Inc. 297 15,497
Hospitality Properties Trust 860 34,959
HRPT Properties Trust 1,815 17,950
Kilroy Realty Corp. 220 13,339
LaSalle Hotel Properties 429 18,052
Liberty Property Trust 1,237 49,741
Mack-Cali Realty Corp. 352 14,467
Nationwide Health Properties, Inc. 605 18,229
Pennsylvania Real Estate Investment Trust 429 16,705
Post Properties, Inc. 396 15,325
Potlatch Corp. 594 26,748
PS Business Parks, Inc. 253 14,383
Rayonier, Inc. 959 46,071
Realty Income Corp. 838 23,422
Senior Housing Properties Trust 717 15,817
Taubman Centers, Inc. 297 16,261
Ventas, Inc. 783 32,416
Washington Real Estate Investment Trust 440 14,599
Weingarten Realty Investors 838 34,743
---------
Total Real Estate Investment Trusts 755,650
---------------------------------------------------------------------------------
Real Estate Management & Development - 0.2%
Jones Lang LaSalle, Inc. 473 48,606
St. Joe Co. (The) 330 11,091
---------
Total Real Estate Management & Development 59,697
---------------------------------------------------------------------------------
Road & Rail - 1.5%
Amerco, Inc.* 363 23,036
Con-way, Inc. 1,522 70,012
Heartland Express, Inc. 1,342 19,164
JB Hunt Transport Services, Inc. 2,863 75,296
Kansas City Southern* 605 19,463
Knight Transportation, Inc. 1,017 17,503
Landstar System, Inc. 882 37,018
Ryder System, Inc. 1,171 57,379
Werner Enterprises, Inc. 1,331 22,827
YRC Worldwide, Inc.* 2,214 60,486
---------
Total Road & Rail 402,184
---------------------------------------------------------------------------------
Semiconductors & Semiconductor Equipment - 2.1%
Amkor Technology, Inc.* 4,834 55,688
Atmel Corp.* 2,949 15,217
Cree, Inc.*(a) 580 18,038
Cymer, Inc.* 528 20,270
Cypress Semiconductor Corp.* 787 22,988
Fairchild Semiconductor International, Inc.* 1,061 19,819
FormFactor, Inc.* 440 19,523
International Rectifier Corp.* 739 24,380
Intersil Corp. Class A 1,320 44,128
LSI Logic Corp.* 3,512 26,059
MKS Instruments, Inc.* 988 18,792
Novellus Systems Inc.* 1,200 32,712
ON Semiconductor Corp.* 7,211 90,570
RF Micro Devices, Inc.* 2,425 16,320
Silicon Laboratories, Inc.* 594 24,805
Teradyne, Inc.* 4,569 63,052
Tessera Technologies, Inc.* 462 17,325
Varian Semiconductor Equipment Associates, Inc.* 922 49,345
---------
Total Semiconductors & Semiconductor Equipment 579,031
---------------------------------------------------------------------------------
See Notes to Financial Statements.
36 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Earnings Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------
Software - 1.4%
Ansys, Inc.* 728 $ 24,876
Compuware Corp.* 4,536 36,379
FactSet Research Systems, Inc. 407 27,900
Fair Isaac Corp. 673 24,302
Jack Henry & Associates, Inc. 1,149 29,713
Mentor Graphics Corp.* 902 13,620
Micros Systems, Inc.* 341 22,189
MicroStrategy, Inc. Class A* 165 13,091
NAVTEQ Corp.* 695 54,190
Net 1 UEPS Technologies, Inc.* 684 18,584
Parametric Technology Corp.* 959 16,706
Quest Software, Inc.* 1,137 19,511
Red Hat, Inc.* 1,006 19,989
Sybase, Inc.* 1,017 23,523
THQ, Inc.* 627 15,662
TIBCO Software, Inc.* 2,093 15,467
---------
Total Software 375,702
---------------------------------------------------------------------------
Specialty Retail - 4.0%
Aaron Rents, Inc. 683 15,231
Advance Auto Parts, Inc. 1,801 60,442
Aeropostale, Inc.* 1,107 21,099
AnnTaylor Stores Corp.* 1,165 36,896
AutoNation, Inc.* 4,381 77,632
Barnes & Noble, Inc. 888 31,311
bebe stores, inc. 1,160 16,971
Borders Group, Inc. 1,301 17,342
Brown Shoe Co, Inc. 495 9,603
Cabela's, Inc.* 805 19,038
Charming Shoppes, Inc.* 1,945 16,338
Chico's FAS, Inc.* 2,468 34,675
Childrens Place Retail Stores, Inc. (The)* 330 8,012
Circuit City Stores, Inc. 2,006 15,867
Coldwater Creek, Inc.* 981 10,654
Collective Brands, Inc.* 739 16,302
Dick's Sporting Goods, Inc.* 451 30,285
Dress Barn, Inc.* 1,171 19,919
DSW, Inc. Class A* 451 11,352
Foot Locker, Inc. 2,621 40,180
GameStop Corp. Class A* 904 50,940
Group 1 Automotive, Inc. 440 14,771
Guess?, Inc. 904 44,323
Guitar Center, Inc.* 429 25,440
Men's Wearhouse, Inc. (The) 869 43,902
OfficeMax, Inc. 341 11,686
O'Reilly Automotive, Inc.* 1,353 45,204
Pacific Sunwear Of California, Inc.* 1,430 21,164
Penske Auto Group, Inc. 1,430 28,943
PetSmart, Inc. 1,647 52,539
RadioShack Corp. 893 18,449
Rent-A-Center, Inc.* 1,386 25,128
Ross Stores, Inc. 1,853 47,511
Sonic Automotive, Inc. Class A 849 20,325
Tractor Supply Co.* 548 25,257
Tween Brands, Inc.* 255 8,374
Urban Outfitters, Inc.* 761 16,590
Williams-Sonoma, Inc. 1,748 57,020
Zale Corp.* 651 15,064
---------
Total Specialty Retail 1,081,779
---------------------------------------------------------------------------
Textiles, Apparel & Luxury Goods - 1.2%
Carter's, Inc.* 779 15,541
Columbia Sportswear Co. 550 30,421
Fossil, Inc.* 816 30,486
Jones Apparel Group, Inc. 1,793 37,886
K-Swiss, Inc. Class A 717 16,426
Liz Claiborne, Inc. 1,595 54,755
Phillips-Van Heusen Corp. 539 28,287
Quiksilver, Inc.* 1,353 19,348
Skechers U.S.A., Inc. Class A* 560 12,376
Timberland Co. Class A* 1,033 19,586
Warnaco Group Inc. (The) 880 34,382
Wolverine World Wide, Inc. 792 21,701
---------
Total Textiles, Apparel & Luxury Goods 321,195
---------------------------------------------------------------------------
Thrifts & Mortgage Finance - 2.0%
Astoria Financial Corp. 1,958 51,946
Capitol Federal Financial 473 16,177
Corus Bankshares, Inc. 2,181 28,397
Downey Financial Corp. 771 44,564
First Niagara Financial Group, Inc. 5,625 79,593
Fremont General Corp. 3,006 11,723
IndyMac Bancorp, Inc.(a) 2,370 55,956
NewAlliance Bancshares, Inc. 1,193 17,513
Northwest Bancorp, Inc. 186 5,294
PMI Group, Inc. (The) 2,803 91,657
Radian Group, Inc. 3,024 70,399
Washington Federal, Inc. 1,892 49,684
Webster Financial Corp. 783 32,980
---------
Total Thrifts & Mortgage Finance 555,883
---------------------------------------------------------------------------
Trading Companies & Distributors - 0.9%
Applied Industrial Technologies, Inc. 832 25,651
GATX Corp. 407 17,399
MSC Industrial Direct Co. Class A 955 48,313
UAP Holding Corp. 772 24,210
United Rentals, Inc.* 2,403 77,305
Watsco, Inc. 475 22,054
WESCO International, Inc.* 919 39,462
---------
Total Trading Companies & Distributors 254,394
---------------------------------------------------------------------------
Transportation Infrastructure - 0.1%
Macquarie Infrastructure Co. Trust 495 19,102
---------------------------------------------------------------------------
Water Utilities - 0.1%
Aqua America Inc. 981 22,249
---------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 37
Schedule of Investments (unaudited) (concluded)
WisdomTree MidCap Earnings Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
Wireless Telecommunication Services - 0.1%
Leap Wireless International, Inc.* 286 $ 23,272
------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $27,802,661) 26,899,470
========================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.5%
MONEY MARKET FUNDS(b) - 1.5%
AIM Liquid Assets Portfolio, 5.11% 61 61
UBS Private Money Market Fund LLC, 5.21% 416,739 416,739
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $416,800)(c) 416,800
========================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.6%
(Cost: $28,219,461)(d) 27,316,270
Liabilities in Excess of Cash and Other
Assets - (0.6)% (181,345)
-----------
NET ASSETS - 100.0% $27,134,925
========================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $391,867 and the total market value of the collateral held by the
Fund was $416,800.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
38 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited)
WisdomTree SmallCap Earnings Fund
September 30, 2007
-----------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------
COMMON STOCKS - 99.4%
Aerospace & Defense - 1.9%
AAR Corp.* 818 $24,818
American Science & Engineering, Inc. 216 13,535
Argon ST, Inc.* 618 12,236
Cubic Corp. 635 26,778
EDO Corp. 482 26,997
Esterline Technologies Corp.* 854 48,721
HEICO Corp. 515 25,420
Herley Industries, Inc.* 626 9,365
Ladish Co., Inc.* 474 26,298
LMI Aerospace, Inc.* 594 13,751
MTC Technologies, Inc.* 654 12,629
Orbital Sciences Corp.* 1,152 25,620
Triumph Group, Inc. 532 43,470
United Industrial Corp. 490 36,877
-------
Total Aerospace & Defense 346,515
-----------------------------------------------------------------------
Air Freight & Logistics - 0.8%
ABX Air, Inc.* 3,991 28,256
Atlas Air Worldwide Holdings, Inc.* 482 24,886
Dynamex, Inc.* 408 10,453
Forward Air Corp. 834 24,837
Pacer International, Inc. 1,496 28,498
Park-Ohio Holdings Corp.* 1,082 28,078
-------
Total Air Freight & Logistics 145,008
-----------------------------------------------------------------------
Airlines - 0.9%
ExpressJet Holdings, Inc.* 7,979 24,655
Mesa Air Group, Inc.* 2,672 11,864
Pinnacle Airlines Corp.* 3,583 57,400
Republic Airways Holdings, Inc.* 3,027 64,081
-------
Total Airlines 158,000
-----------------------------------------------------------------------
Auto Components - 1.7%
Aftermarket Technology Corp.* 960 30,470
Amerigon, Inc.* 922 15,960
Drew Industries, Inc.* 924 37,588
Fuel Systems Solutions, Inc.* 432 7,716
GenTek, Inc.* 264 7,941
Modine Manufacturing Co. 1,528 40,675
Spartan Motors, Inc. 902 15,181
Tenneco, Inc.* 1,571 48,717
Visteon Corp.* 20,362 104,864
-------
Total Auto Components 309,112
-----------------------------------------------------------------------
Automobiles - 0.2%
Fleetwood Enterprises, Inc.* 1,106 9,456
Winnebago Industries, Inc. 934 22,304
-------
Total Automobiles 31,760
-----------------------------------------------------------------------
Beverages - 0.4%
Boston Beer Co., Inc. Class A* 325 15,815
Central European Distribution Corp.* 738 35,357
Coca-Cola Bottling Co. Consolidated 200 12,060
MGP Ingredients, Inc. 514 5,279
National Beverage Corp.* 1,267 10,744
-------
Total Beverages 79,255
-----------------------------------------------------------------------
Biotechnology - 0.4%
Enzon Pharmaceuticals, Inc.* 3,628 31,963
Lifecell Corp.* 514 19,311
Martek Biosciences Corp.* 506 14,689
Savient Pharmaceuticals, Inc.* 397 5,776
-------
Total Biotechnology 71,739
-----------------------------------------------------------------------
Building Products - 1.3%
AAON, Inc. 586 11,562
American Woodmark Corp. 602 14,924
Ameron International Corp. 421 44,529
Apogee Enterprises, Inc. 964 25,006
Builders FirstSource, Inc.* 3,396 36,609
Gibraltar Industries, Inc. 1,576 29,156
Griffon Corp.* 2,192 33,099
Insteel Industries, Inc. 1,286 19,740
Universal Forest Products, Inc. 1,090 32,591
-------
Total Building Products 247,216
-----------------------------------------------------------------------
Capital Markets - 1.3%
Calamos Asset Management, Inc. Class A 770 21,737
Capital Southwest Corp. 341 41,860
GAMCO Investors, Inc. Class A 682 37,374
Gladstone Capital Corp.(a) 530 10,346
Hercules Technology Growth Capital, Inc. 706 9,369
LaBranche & Co., Inc.* 8,051 37,679
MarketAxess Holdings, Inc.* 714 10,710
Patriot Capital Funding, Inc. 589 7,875
Prospect Capital Corp.(a) 594 10,110
Sanders Morris Harris Group, Inc. 689 6,993
Stifel Financial Corp.* 208 12,031
SWS Group, Inc. 1,002 17,725
TradeStation Group, Inc.* 1,448 16,898
U.S. Global Investors, Inc., Class A(a) 360 6,847
-------
Total Capital Markets 247,554
-----------------------------------------------------------------------
Chemicals - 2.6%
American Vanguard Corp. 962 18,778
Arch Chemicals, Inc. 883 41,395
Balchem Corp. 363 7,409
Ferro Corp. 770 15,385
Flotek Industries, Inc.* 528 23,311
Georgia Gulf Corp.(a) 4,277 59,450
ICO, Inc.* 1,198 16,868
Innospec, Inc. 800 18,224
Landec Corp.* 770 11,904
Minerals Technologies, Inc. 577 38,659
NewMarket Corp. 642 31,702
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 39
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------
NL Industries, Inc. 1,154 $13,075
Omnova Solutions, Inc.* 1,560 9,017
PolyOne Corp.* 10,295 76,903
Schulman A., Inc. 930 18,349
Sensient Technologies Corp. 1,490 43,016
Spartech Corp. 960 16,378
Stepan Co. 312 9,644
-------
Total Chemicals 469,467
-----------------------------------------------------------------------
Commercial Banks - 10.3%
1st Source Corp. 826 18,915
AMCORE Financial, Inc. 912 22,727
AmericanWest Bancorp 432 8,472
Ameris Bancorp 424 7,666
Arrow Financial Corp. 436 9,714
BancFirst Corp. 600 26,922
Bancorp, Inc.* 376 6,941
BancTrust Financial Group, Inc. 432 6,877
Bank of Florida Corp.* 408 6,642
Bank of Granite Corp. 610 8,284
Bank of the Ozarks, Inc. 642 19,600
BankFinancial Corp. 554 8,764
Banner Corp. 286 9,836
Boston Private Financial Holdings, Inc. 1,218 33,909
Cadence Financial Corp. 448 7,885
Camden National Corp. 304 10,634
Capital City Bank Group, Inc. 602 18,782
Capital Corp of the West 667 12,286
Capitol Bancorp Ltd. 530 13,160
Cardinal Financial Corp. 954 9,530
Cascade Bancorp 690 15,359
Center Financial Corp. 698 9,709
Chemical Financial Corp. 850 20,613
City Holding Co. 863 31,422
CoBiz, Inc. 634 10,854
Columbia Bancorp 602 11,926
Columbia Banking System, Inc. 618 19,665
Community Bancorp* 296 7,441
Community Bank System, Inc. 1,026 20,028
Community Banks, Inc. 1,010 30,088
Community Trust Bancorp, Inc. 610 18,324
CVB Financial Corp.(a) 3,595 42,062
Enterprise Financial Services Corp. 328 7,984
Farmers Capital Bank Corp. 347 9,869
Financial Institutions, Inc. 448 8,100
First Bancorp 626 12,758
First Charter Corp. 714 21,541
First Commonwealth Financial Corp.(a) 2,322 25,681
First Community Bancshares, Inc. 416 15,072
First Financial Bancorp 602 7,694
First Financial Bankshares, Inc. 722 29,010
First Financial Corp. 586 17,756
First Indiana Corp. 721 22,582
First Merchants Corp. 738 15,911
First Regional Bancorp* 750 18,398
First South Bancorp, Inc. 344 8,999
First State Bancorp. 594 11,666
FNB Corp./PA 1,858 30,731
FNB Corp./VA 392 11,795
GB&T Bancshares, Inc. 1,147 15,198
Great Southern Bancorp, Inc. 586 14,556
Green County Bancshares, Inc. 336 12,247
Hanmi Financial Corp. 1,922 29,772
Harleysville National Corp. 1,154 18,337
Heartland Financial USA, Inc. 554 11,385
Heritage Commerce Corp. 416 8,807
Horizon Financial Corp. 466 9,450
IBERIABANK Corp. 336 17,690
Independent Bank Corp./MA 594 17,642
Independent Bank Corp./MI 1,106 12,221
Integra Bank Corp. 658 11,930
Intervest Bancshares Corp. 714 17,672
Irwin Financial Corp. 938 10,337
Lakeland Bancorp, Inc. 850 11,543
Lakeland Financial Corp. 482 11,139
Macatawa Bank Corp. 731 9,890
MainSource Financial Group, Inc. 714 12,588
Mercantile Bank Corp. 370 7,940
Midwest Banc Holdings, Inc. 594 8,773
Nara Bancorp, Inc. 1,018 15,901
National Penn Bancshares, Inc. 2,103 34,405
NBT Bancorp, Inc. 1,424 30,958
Old Second Bancorp, Inc. 538 15,333
Omega Financial Corp. 448 11,832
Oriental Financial Group 762 8,763
Peoples Bancorp, Inc. 490 12,828
Pinnacle Financial Partners, Inc.* 296 8,531
Preferred Bank 376 14,792
Premierwest Bancorp 464 5,939
PrivateBancorp, Inc.(a) 610 21,252
Prosperity Bancshares, Inc. 1,360 45,097
Renasant Corp. 730 15,790
Republic Bancorp, Inc. Class A 766 12,133
S&T Bancorp, Inc. 1,075 34,497
Sandy Spring Bancorp, Inc. 546 16,446
Santander BanCorp 1,802 23,138
SCBT Financial Corp. 321 11,087
Seacoast Banking Corp. of Florida(a) 634 11,856
Security Bank Corp. 633 7,925
Shore Bancshares, Inc. 391 9,439
Sierra Bancorp 408 11,693
See Notes to Financial Statements.
40 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
Signature Bank* 602 $ 21,208
Simmons First National Corp. Class A 570 15,014
Smithtown Bancorp, Inc. 398 9,250
Southside Bancshares, Inc. 422 9,322
Southwest Bancorp, Inc. 570 10,727
Sterling Bancorp 738 10,332
Sterling Bancshares, Inc. 2,314 26,403
Sterling Financial Corp./PA 1,222 20,957
Suffolk Bancorp 392 12,568
Sun Bancorp, Inc.* 579 10,133
Superior Bancorp* 874 7,717
SY Bancorp, Inc. 490 13,250
Taylor Capital Group, Inc. 1,027 28,684
Temecula Valley Bancorp, Inc.(a) 674 11,438
Texas Capital Bancshares, Inc.* 938 20,392
Tompkins Trustco, Inc. 336 13,339
Trico Bancshares 666 14,832
Union Bankshares Corp. 514 11,673
Univest Corp. of Pennsylvania 538 12,761
USB Holding Co., Inc. 969 22,510
Vineyard National Bancorp 586 9,798
Virginia Commerce Bancorp* 777 11,142
Virginia Financial Group, Inc. 448 8,516
W Holding Co., Inc.(a) 11,387 25,507
Washington Trust Bancorp, Inc. 588 15,858
WesBanco, Inc. 722 18,036
West Bancorp, Inc. 922 14,309
West Coast Bancorp 554 15,739
Western Alliance Bancorp*(a) 706 16,640
Wilshire Bancorp, Inc. 1,130 12,396
Yardville National Bancorp 312 10,493
---------
Total Commercial Banks 1,890,280
-------------------------------------------------------------------------
Commercial Services & Supplies - 5.8%
ABM Industries, Inc. 1,067 21,319
Advisory Board Co. (The)* 272 15,904
American Ecology Corp. 514 10,892
Barrett Business Services 450 10,724
Bowne & Co., Inc. 634 10,562
CBIZ, Inc.* 2,516 20,002
CDI Corp. 522 14,553
Clean Harbors, Inc.* 611 27,202
Comfort Systems USA, Inc. 1,616 22,947
COMSYS IT Partners, Inc.* 907 15,247
Consolidated Graphics, Inc.* 458 28,758
Cornell Cos, Inc.* 278 6,547
CoStar Group, Inc.* 208 11,118
CRA International, Inc.* 347 16,722
Diamond Management & Technology
Consultants, Inc. 786 7,231
Ennis, Inc. 1,290 28,432
Exponent, Inc.* 487 12,219
First Advantage Corp. Class A* 1,624 28,696
First Consulting Group, Inc.* 762 7,849
FTI Consulting, Inc.* 1,003 50,461
G&K Services, Inc. Class A 713 28,663
Geo Group, Inc. (The)* 674 19,957
Healthcare Services Group, Inc. 849 17,209
Heidrick & Struggles International, Inc. 540 19,683
Huron Consulting Group, Inc.* 336 24,400
Interface, Inc. Class A 1,242 22,418
Kelly Services, Inc. Class A 1,638 32,449
Kenexa Corp.* 272 8,372
Kforce, Inc.* 1,560 20,062
Knoll, Inc. 1,584 28,100
Korn/Ferry International* 1,632 26,944
Labor Ready, Inc.* 3,121 57,769
Layne Christensen Co.* 368 20,417
LECG Corp.* 881 13,127
M&F Worldwide Corp.* 1,264 63,439
McGrath Rentcorp 866 28,786
Mobile Mini, Inc.* 882 21,309
Navigant Consulting, Inc.* 1,834 23,218
On Assignment, Inc.* 754 7,042
PeopleSupport, Inc.* 888 10,620
Pike Electric Corp.* 738 13,845
Schawk, Inc. 994 22,435
School Specialty, Inc.* 272 9,419
Spherion Corp.* 1,858 15,347
Standard Parking Corp.* 482 19,179
Standard Register Co. (The) 738 9,380
Team, Inc.* 434 11,883
Tetra Tech, Inc.* 1,320 27,878
UTEK Corp.(a) 1,346 19,854
Viad Corp. 902 32,472
Volt Information Sciences, Inc.* 962 16,970
Waste Industries USA, Inc. 384 10,990
---------
Total Commercial Services & Supplies 1,071,021
-------------------------------------------------------------------------
Communications Equipment - 1.8%
Anaren Microwave, Inc.* 365 5,147
Bel Fuse, Inc. Class B 392 13,587
Black Box Corp. 329 14,068
Comtech Group, Inc.* 666 12,128
Comtech Telecommunications Corp.* 766 40,973
Digi International, Inc.* 493 7,020
Dycom Industries, Inc.* 906 27,751
EFJ, Inc.* 1,568 9,094
EMS Technologies, Inc.* 401 9,837
Extreme Networks* 2,218 8,517
Ixia* 970 8,458
Mastec, Inc.* 1,938 27,268
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 41
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------
Netgear, Inc.* 810 $24,640
Oplink Communications, Inc.* 578 7,895
Packeteer, Inc.* 754 5,730
Plantronics, Inc. 2,040 58,242
Radyne Corp.* 602 6,345
Sirenza Microdevices, Inc.* 1,306 22,581
Sycamore Networks, Inc.* 4,042 16,451
Viasat, Inc.* 296 9,126
-------
Total Communications Equipment 334,858
----------------------------------------------------------------------------
Computers & Peripherals - 0.5%
Adaptec, Inc.* 2,832 10,818
Hutchinson Technology, Inc.* 490 12,054
Intevac, Inc.* 1,026 15,595
Rackable Systems, Inc.* 594 7,704
Rimage Corp.* 278 6,238
STEC, Inc.* 1,130 8,622
Stratasys, Inc.* 291 8,020
Synaptics, Inc.* 384 18,341
-------
Total Computers & Peripherals 87,392
----------------------------------------------------------------------------
Construction & Engineering - 0.3%
Insituform Technologies, Inc. Class A* 440 6,701
Perini Corp.* 707 39,543
Sterling Construction Co., Inc.* 490 11,309
-------
Total Construction & Engineering 57,553
----------------------------------------------------------------------------
Construction Materials - 0.3%
Headwaters, Inc.*(a) 3,072 45,712
U.S. Concrete, Inc.* 2,138 14,089
-------
Total Construction Materials 59,801
----------------------------------------------------------------------------
Consumer Finance - 0.6%
Credit Acceptance Corp.* 1,488 34,373
Dollar Financial Corp.* 336 9,586
Ezcorp, Inc. Class A* 1,210 16,275
First Cash Financial Services, Inc.* 794 18,595
United PanAm Financial Corp.* 1,167 9,616
World Acceptance Corp.* 618 20,443
-------
Total Consumer Finance 108,888
----------------------------------------------------------------------------
Containers & Packaging - 0.3%
AEP Industries, Inc.* 312 13,210
Myers Industries, Inc. 1,234 24,458
Rock-Tenn Co. Class A 682 19,710
-------
Total Containers & Packaging 57,378
----------------------------------------------------------------------------
Distributors - 0.5%
Building Materials Holding Corp.(a) 3,684 38,976
Core-Mark Holding Co., Inc.* 433 15,255
DXP Enterprises, Inc.* 296 10,511
Handleman Co. 3,235 9,867
Keystone Automotive Industries, Inc.* 506 24,167
-------
Total Distributors 98,776
----------------------------------------------------------------------------
Diversified Consumer Services - 0.9%
Bright Horizons Family Solutions, Inc.* 698 29,902
Coinstar, Inc.* 392 12,611
Corinthian Colleges, Inc.* 1,656 26,347
CPI Corp. 226 8,706
Lincoln Educational Services Corp.* 874 11,397
Pre-Paid Legal Services, Inc. 803 44,533
Stewart Enterprises, Inc. Class A 2,580 19,660
Universal Technical Institute, Inc.* 838 15,084
-------
Total Diversified Consumer Services 168,240
----------------------------------------------------------------------------
Diversified Financials - 0.9%
Asset Acceptance Capital Corp. 1,874 21,738
Asta Funding, Inc. 1,042 39,930
Encore Capital Group, Inc.* 1,446 17,063
Financial Federal Corp. 1,001 28,038
Marlin Business Services Corp.* 691 9,902
Medallion Financial Corp. 496 5,401
Portfolio Recovery Associates, Inc. 610 32,373
Resource America, Inc. Class A 368 5,811
-------
Total Diversified Financials 160,256
----------------------------------------------------------------------------
Diversified Telecommunication Services - 1.1%
Alaska Communications Systems Group, Inc. 594 8,583
Atlantic Tele-Network, Inc. 440 15,994
Cincinnati Bell, Inc.* 9,304 45,961
Consolidated Communications Holdings, Inc. 440 8,628
D&E Communications, Inc. 344 4,892
Fairpoint Communications, Inc. 866 16,333
General Communication, Inc. Class A* 1,018 12,359
Iowa Telecommunications Services, Inc. 1,473 29,239
North Pittsburgh Systems, Inc. 570 13,543
Premiere Global Services, Inc.* 2,604 32,941
Shenandoah Telecom Co. 648 14,100
SureWest Communications 150 3,752
-------
Total Diversified Telecommunication Services 206,325
----------------------------------------------------------------------------
Electric Utilities - 0.7%
Central Vermont Public Service Corp. 394 14,397
Empire District Electric Co. (The) 986 22,274
MGE Energy, Inc. 834 27,889
Otter Tail Corp. 1,074 38,287
UIL Holdings Corp. 1,049 33,044
-------
Total Electric Utilities 135,891
----------------------------------------------------------------------------
Electrical Equipment - 2.4%
A.O. Smith Corp. 1,465 64,284
AZZ, Inc.* 392 13,704
Baldor Electric Co. 1,006 40,190
China BAK Battery, Inc.*(a) 1,849 14,385
Encore Wire Corp. 5,134 129,018
EnerSys, Inc.* 1,720 30,564
II-VI, Inc.* 722 24,931
See Notes to Financial Statements.
42 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------
LaBarge, Inc.* 437 $ 5,244
Lamson & Sessions Co. (The)* 1,590 42,866
LSI Industries Inc. 586 12,025
Powell Industries, Inc.* 304 11,519
Power-One, Inc.* 1,504 7,670
Superior Essex, Inc.* 962 35,863
Vicor Corp. 906 10,981
-------
Total Electrical Equipment 443,244
------------------------------------------------------------------------
Electronic Equipment & Instruments - 3.9%
Agilysys, Inc. 1,242 20,990
Brightpoint, Inc.* 1,926 28,909
Checkpoint Systems, Inc.* 906 23,909
Cogent, Inc.* 1,922 30,137
Cognex Corp. 1,306 23,195
Coherent, Inc.* 586 18,799
CTS Corp. 706 9,107
Cyberoptics Corp.* 532 6,544
DTS, Inc.* 400 12,148
Electro Scientific Industries, Inc.* 538 12,890
Excel Technology, Inc.* 376 9,381
Gerber Scientific, Inc.* 818 8,875
Insight Enterprises, Inc.* 1,990 51,362
Keithley Instruments, Inc. 690 7,314
LeCroy Corp.* 820 6,117
Littelfuse, Inc.* 490 17,488
LoJack Corp.* 819 15,528
Measurement Specialties, Inc.* 432 12,053
Merix Corp.* 883 4,998
Methode Electronics, Inc. 962 14,478
MTS Systems Corp. 666 27,706
Multi-Fineline Electronix, Inc.* 1,242 18,419
Newport Corp.* 962 14,651
OYO Geospace Corp.* 144 13,350
Park Electrochemical Corp. 762 25,588
Plexus Corp.* 3,559 97,516
Rofin-Sinar Technologies, Inc.* 575 40,371
Scansource, Inc.* 1,122 31,539
SYNNEX Corp.* 1,569 32,259
Technitrol, Inc. 1,258 33,903
TTM Technologies, Inc.* 2,736 31,656
Zygo Corp.* 850 11,076
-------
Total Electronic Equipment & Instruments 712,256
------------------------------------------------------------------------
Energy Equipment & Services - 3.2%
Allis-Chalmers Energy, Inc.* 738 13,978
Bolt Technology Corp.* 235 7,675
Bristow Group, Inc.* 1,218 53,238
Bronco Drilling Co., Inc.* 1,971 29,171
CARBO Ceramics, Inc. 834 42,309
Dawson Geophysical Co.* 264 20,463
Gulf Island Fabrication, Inc. 344 13,206
Gulfmark Offshore, Inc.* 1,057 51,433
Horizon Offshore, Inc.* 618 10,197
Hornbeck Offshore Services, Inc.* 1,266 46,462
ION Geophysical Corp.* 1,408 19,473
Lufkin Industries, Inc. 681 37,469
Matrix Service Co.* 530 11,104
Mitcham Industries, Inc.* 586 11,298
NATCO Group, Inc. Class A* 590 30,533
Natural Gas Services Group, Inc.* 722 12,426
Newpark Resources* 1,584 8,490
Omni Energy Services Corp.* 612 4,890
Parker Drilling Co.* 6,785 55,093
PHI, Inc.* 328 9,886
Pioneer Drilling Co.* 3,689 44,932
PowerSecure International, Inc.* 802 9,993
Superior Well Services, Inc.* 674 15,320
Trico Marine Services, Inc.* 946 28,191
-------
Total Energy Equipment & Services 587,230
------------------------------------------------------------------------
Food & Staples Retailing - 1.2%
Andersons, Inc. (The) 562 26,987
Ingles Markets, Inc. Class A 1,046 29,978
Nash Finch Co. 336 13,383
Pantry, Inc. (The)* 1,242 31,832
Performance Food Group Co.* 1,177 35,464
Pricesmart, Inc. 650 15,340
Spartan Stores, Inc. 674 15,185
Weis Markets, Inc. 1,047 44,697
-------
Total Food & Staples Retailing 212,866
------------------------------------------------------------------------
Food Products - 0.7%
Darling International, Inc.* 1,712 16,932
Green Mountain Coffee Roasters, Inc.* 480 15,931
Imperial Sugar Co. 1,239 32,375
J&J Snack Foods Corp. 485 16,888
Lance, Inc. 498 11,464
Maui Land & Pineapple Co., Inc.* 294 8,949
Reddy Ice Holdings, Inc. 474 12,499
TreeHouse Foods, Inc.* 312 8,440
-------
Total Food Products 123,478
------------------------------------------------------------------------
Gas Utilities - 0.5%
EnergySouth, Inc. 248 12,504
Laclede Group, Inc. (The) 919 29,665
SEMCO Energy, Inc.* 944 7,448
South Jersey Industries, Inc. 1,018 35,427
-------
Total Gas Utilities 85,044
------------------------------------------------------------------------
Health Care Equipment & Supplies - 2.1%
Abaxis, Inc.* 466 10,462
Analogic Corp. 168 10,712
Angiodynamics, Inc.* 392 7,389
Arthrocare Corp.* 466 26,046
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 43
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------------
Conmed Corp.* 408 $11,420
Cutera, Inc.* 296 7,758
Datascope Corp. 440 14,876
DJO, Inc.* 272 13,355
Greatbatch, Inc.* 368 9,785
ICU Medical, Inc.* 403 15,616
I-Flow Corp.* 634 11,786
Invacare Corp. 490 11,456
Medical Action Industries, Inc.* 408 9,653
Meridian Bioscience, Inc. 722 21,891
Merit Medical Systems, Inc.* 602 7,814
Neogen Corp.* 304 7,211
Nutraceutical International Corp.* 695 10,571
OraSure Technologies, Inc.* 2,191 22,020
Palomar Medical Technologies, Inc.* 466 13,276
PolyMedica Corp. 458 24,054
Quidel Corp.* 714 13,966
Somanetics Corp.* 351 6,536
SonoSite, Inc.* 288 8,790
SurModics, Inc.* 530 25,975
Symmetry Medical, Inc.* 1,210 20,207
Thoratec Corp.* 554 11,462
Vital Signs, Inc. 401 20,908
Wright Medical Group, Inc.* 448 12,015
Zoll Medical Corp.* 256 6,636
-------
Total Health Care Equipment & Supplies 393,646
-------------------------------------------------------------------------------
Health Care Providers & Services - 3.2%
Air Methods Corp.* 401 18,526
Alliance Imaging, Inc.* 1,995 18,075
Amedisys, Inc.* 678 26,049
American Dental Partners, Inc.* 369 10,336
AMN Healthcare Services, Inc.* 738 13,823
Amsurg Corp.* 1,114 25,700
Apria Healthcare Group, Inc.* 1,780 46,298
Bio-Reference Labs, Inc.* 408 13,774
Centene Corp.* 416 8,948
Chemed Corp. 906 56,317
Corvel Corp.* 272 6,289
Cross Country Healthcare, Inc.* 498 8,700
Gentiva Health Services, Inc.* 546 10,489
HealthExtras, Inc.* 722 20,093
HMS Holdings Corp.* 427 10,508
inVentiv Health, Inc.* 1,423 62,356
Kindred Healthcare, Inc.* 1,777 31,826
Landauer, Inc. 273 13,912
LCA-Vision, Inc. 714 20,984
LHC Group, Inc.* 482 10,349
Matria Healthcare, Inc.* 384 10,045
Medcath Corp.* 320 8,787
Molina Healthcare, Inc.* 936 33,949
MWI Veterinary Supply, Inc.* 288 10,872
National Healthcare Corp. 444 22,817
Odyssey HealthCare, Inc.* 762 7,323
PharMerica Corp.* 602 8,982
Radiation Therapy Services, Inc.* 570 11,867
Res-Care, Inc.* 926 21,150
Sun Healthcare Group, Inc.* 730 12,198
U.S. Physical Therapy, Inc.* 414 6,127
-------
Total Health Care Providers & Services 587,469
-------------------------------------------------------------------------------
Health Care Technology - 0.3%
Computer Programs & Systems, Inc. 311 8,198
Eclipsys Corp.* 495 11,543
Omnicell, Inc.* 474 13,529
Trizetto Group* 746 13,062
-------
Total Health Care Technology 46,332
-------------------------------------------------------------------------------
Hotels, Restaurants & Leisure - 2.5%
AFC Enterprises, Inc.* 562 8,458
Ambassadors Group, Inc. 647 24,650
Ambassadors International, Inc. 224 5,495
BJ's Restaurants, Inc.* 490 10,315
Bluegreen Corp.* 1,994 15,454
Buffalo Wild Wings, Inc.* 416 15,692
California Pizza Kitchen, Inc.* 614 10,788
Churchill Downs, Inc.* 232 11,591
Denny's Corp.* 3,585 14,340
Dover Downs Gaming & Entertainment, Inc. 1,430 14,858
IHOP Corp. 549 34,767
Interstate Hotels & Resorts, Inc.* 5,821 26,485
Isle of Capri Casinos, Inc.* 352 6,846
Landry's Restaurants, Inc. 746 19,739
Luby's, Inc.* 1,454 16,023
Marcus Corp. 810 15,552
McCormick & Schmick's Seafood Restaurants, Inc.* 384 7,231
Monarch Casino & Resort, Inc.* 640 18,208
O'Charleys, Inc. 448 6,792
Papa John's International, Inc.* 1,322 32,309
Peet's Coffee & Tea, Inc.* 376 10,494
PF Chang's China Bistro, Inc.* 586 17,346
Premier Exhibitions, Inc.* 483 7,284
Red Robin Gourmet Burgers, Inc.* 474 20,335
Ruth's Chris Steak House* 547 7,795
Shuffle Master, Inc.* 384 5,741
Steak N Shake Co. (The)* 1,250 18,763
Texas Roadhouse, Inc. Class A* 1,480 17,316
WMS Industries, Inc.* 914 30,252
Youbet.com, Inc.* 182 344
-------
Total Hotels, Restaurants & Leisure 451,263
-------------------------------------------------------------------------------
Household Durables - 3.1%
Avatar Holdings, Inc.* 937 46,784
See Notes to Financial Statements.
44 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
Bassett Furniture Industries, Inc. 957 $ 9,934
Blyth, Inc. 1,648 33,702
Brookfield Homes Corp.(a) 4,537 84,161
California Coastal Communities, Inc.* 1,583 19,471
Cavco Industries, Inc.* 287 9,615
Champion Enterprises, Inc.* 10,714 117,639
CSS Industries, Inc. 400 14,388
Dixie Group (The), Inc.* 31 295
Furniture Brands International, Inc. 3,074 31,170
Hooker Furniture Corp. 602 12,052
Kimball International, Inc. Class B 650 7,397
La-Z-Boy, Inc.(a) 778 5,742
Levitt Corp. Class A 4,109 8,259
Lifetime Brands, Inc. 506 10,267
M/I Homes, Inc. 1,576 21,891
National Presto Industries, Inc. 291 15,423
Orleans Homebuilders, Inc.(a) 2,402 14,052
Palm Harbor Homes, Inc.*(a) 786 9,809
Skyline Corp. 264 7,941
Stanley Furniture Co., Inc. 599 9,734
Tarragon Corp. 4,923 12,898
TOUSA, Inc.(a) 15,148 24,388
Universal Electronics, Inc.* 466 15,145
WCI Communities, Inc.*(a) 4,282 25,649
-------
Total Household Durables 567,806
--------------------------------------------------------------------------
Household Products - 0.1%
WD-40 Co. 689 23,522
--------------------------------------------------------------------------
Industrial Conglomerates - 0.3%
Raven Industries, Inc. 594 23,789
Standex International Corp. 650 13,442
Tredegar Corp. 698 12,041
-------
Total Industrial Conglomerates 49,272
--------------------------------------------------------------------------
Insurance - 4.9%
21st Century Holding Co. 682 9,684
Affirmative Insurance Holdings, Inc. 594 6,825
American Equity Investment Life Holding Co. 3,474 36,998
American Physicians Capital, Inc. 665 25,908
Baldwin & Lyons, Inc. Class B 866 23,650
CNA Surety Corp.* 2,561 45,150
Crawford & Co. Class B 2,114 13,445
Donegal Group Inc. Class A 1,337 21,633
EMC Insurance Group, Inc. 1,298 33,735
Fpic Insurance Group, Inc.* 576 24,797
Harleysville Group, Inc. 1,489 47,618
Horace Mann Educators Corp. 2,918 57,514
Infinity Property & Casualty Corp. 1,356 54,538
James River Group, Inc. 762 24,689
LandAmerica Financial Group, Inc. 1,251 48,764
Meadowbrook Insurance Group, Inc.* 1,416 12,758
Mercer Insurance Group, Inc. 328 5,802
Midland Co. (The) 991 54,465
National Interstate Corp. 826 25,433
National Western Life Insurance Co. Class A 207 52,984
Navigators Group, Inc.* 999 54,196
NYMAGIC, Inc. 559 15,546
PMA Capital Corp. Class A* 1,066 10,127
Presidential Life Corp. 1,398 23,710
Procentury Corp. 498 7,286
Safety Insurance Group, Inc. 1,670 60,021
SCPIE Holdings, Inc.* 443 9,857
SeaBright Insurance Holdings, Inc.* 1,358 23,181
Stewart Information Services Corp. 634 21,727
Tower Group, Inc. 674 17,645
Universal American Financial Corp.* 1,744 39,781
-------
Total Insurance 909,467
--------------------------------------------------------------------------
Internet & Catalog Retail - 0.7%
1-800-FLOWERS.COM, Inc. Class A* 1,320 15,299
Blue Nile, Inc.* 248 23,342
FTD Group, Inc. 1,210 18,005
Gaiam, Inc. Class A* 794 19,080
PetMed Express, Inc.* 641 8,980
Stamps.com, Inc.* 718 8,594
Systemax, Inc. 1,767 36,118
-------
Total Internet & Catalog Retail 129,418
--------------------------------------------------------------------------
Internet Software & Services - 1.5%
Bankrate, Inc.* 232 10,700
CMGI, Inc.* 7,276 9,895
CyberSource Corp.* 810 9,469
Earthlink, Inc.* 5,293 41,921
Imergent, Inc.(a) 3,568 80,031
Jupitermedia Corp.* 398 2,519
Knot, Inc. (The)* 408 8,674
NIC, Inc. 1,194 8,286
Online Resources Corp.* 676 8,545
Perficient, Inc.* 506 11,066
Sohu.com, Inc.* 730 27,528
TheStreet.com, Inc. 516 6,249
Travelzoo, Inc.* 326 7,482
United Online, Inc. 2,114 31,731
Vignette Corp.* 530 10,637
-------
Total Internet Software & Services 274,733
--------------------------------------------------------------------------
IT Services - 0.8%
Authorize.Net Holdings, Inc.* 618 10,895
Cass Information Systems, Inc. 208 7,440
Ciber, Inc.* 2,067 16,143
Forrester Research, Inc.* 360 8,485
Heartland Payment Systems, Inc. 594 15,266
infoUSA, Inc. 1,536 14,269
Integral Systems, Inc. 225 4,835
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 45
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
MAXIMUS, Inc. 328 $14,294
Ness Technologies, Inc.* 927 10,123
Sapient Corp.* 1,624 10,897
SI International, Inc.* 216 6,171
SYKES Enterprises, Inc.* 1,329 22,076
-------
Total IT Services 140,894
--------------------------------------------------------------------------
Leisure Equipment & Products - 0.9%
Arctic Cat, Inc. 882 14,430
Callaway Golf Co. 674 10,791
Cybex International, Inc.* 3,567 17,550
Jakks Pacific, Inc.* 1,800 48,077
Marine Products Corp. 1,782 15,111
MarineMax, Inc.* 1,162 16,919
RC2 Corp.* 794 21,985
Smith & Wesson Holding Corp.* 762 14,547
-------
Total Leisure Equipment & Products 159,410
--------------------------------------------------------------------------
Life Sciences Tools & Services - 0.5%
Bruker BioSciences Corp.* 1,234 10,859
eResearch Technology, Inc.* 869 9,898
Kendle International, Inc.* 368 15,283
Parexel International Corp.* 618 25,505
PharmaNet Development Group, Inc.* 466 13,528
PRA International* 738 21,697
-------
Total Life Sciences Tools & Services 96,770
--------------------------------------------------------------------------
Machinery - 5.2%
Accuride Corp.* 4,321 52,327
Albany International Corp. Class A 1,538 57,660
Ampco-Pittsburgh Corp. 448 17,642
Astec Industries, Inc.* 674 38,721
ASV, Inc.*(a) 994 13,946
Axsys Technologies, Inc.* 331 10,248
Badger Meter, Inc. 328 10,512
Barnes Group, Inc. 1,906 60,840
Blount International, Inc.* 4,764 54,119
Cascade Corp. 534 34,801
CIRCOR International, Inc. 449 20,389
Columbus McKinnon Corp.* 1,892 47,092
Commercial Vehicle Group, Inc.* 2,018 25,891
Dynamic Materials Corp. 376 18,007
EnPro Industries, Inc.* 1,146 46,528
Federal Signal Corp. 1,618 24,852
Flanders Corp.* 1,927 8,806
Flow International Corp.* 874 7,709
Freightcar America, Inc. 1,494 57,071
Gehl Co.* 766 17,105
Gorman-Rupp Co. (The) 451 14,955
Greenbrier Cos., Inc. 746 19,926
Hurco Cos., Inc.* 408 22,056
Kadant, Inc.* 384 10,752
Kaydon Corp. 1,170 60,828
LB Foster Co. Class A* 376 16,341
Lindsay Corp. 307 13,440
Lydall, Inc.* 80 742
Middleby Corp.* 498 32,141
Miller Industries, Inc.* 666 11,402
RBC Bearings, Inc.* 554 21,246
Robbins & Myers, Inc. 240 13,750
Sun Hydraulics Corp. 721 22,928
Tennant Co. 635 30,925
Titan International, Inc. 458 14,619
Twin Disc, Inc. 322 18,740
Wabash National Corp. 1,487 16,788
-------
Total Machinery 965,845
--------------------------------------------------------------------------
Media - 1.1%
Courier Corp. 498 17,535
Entercom Communications Corp. Class A 1,249 24,143
Fisher Communications, Inc.* 232 11,570
Harris Interactive, Inc.* 1,930 8,318
Journal Communications, Inc. Class A 1,315 12,466
Media General, Inc. Class A 1,044 28,720
New Frontier Media, Inc. 1,966 12,052
Playboy Enterprises, Inc. Class B* 882 9,473
Private Media Group Ltd.* 2,656 4,250
Saga Communications, Inc.* 527 3,868
Salem Communications Holding Corp. Class A* 794 6,352
Sinclair Broadcast Group, Inc. Class A 2,464 29,666
Spanish Broadcasting System, Inc.* 3,895 10,049
Valassis Communications, Inc.* 2,256 20,124
-------
Total Media 198,586
--------------------------------------------------------------------------
Metals & Mining - 2.1%
A.M. Castle & Co. 1,178 38,403
AMCOL International Corp. 1,062 35,142
Brush Engineered Materials, Inc.* 384 19,926
Compass Minerals International, Inc. 799 27,198
Great Northern Iron Ore Properties 98 11,683
Hecla Mining Co.* 1,360 12,172
Mesabi Trust 539 10,996
Metal Management, Inc. 1,693 91,760
NN, Inc. 1,178 11,556
Northwest Pipe Co.* 272 10,287
Olympic Steel, Inc. 986 26,780
Royal Gold, Inc. 296 9,694
Ryerson, Inc. 2,064 69,638
Universal Stainless & Alloy* 320 12,733
-------
Total Metals & Mining 387,968
--------------------------------------------------------------------------
Multiline Retail - 0.2%
99 Cents Only Stores* 642 6,593
Fred's, Inc. 1,408 14,826
See Notes to Financial Statements.
46 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares Value
--------------------------------------------------------------------------
Tuesday Morning Corp. 1,688 $15,176
-------
Total Multiline Retail 36,595
--------------------------------------------------------------------------
Multi-Utilities - 0.2%
CH Energy Group, Inc. 776 37,093
--------------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 3.0%
Abraxas Petroleum Corp.* 2,917 11,143
Adams Resources & Energy, Inc. 395 11,001
Alpha Natural Resources, Inc.* 3,296 76,565
Arena Resources, Inc.* 304 19,912
Atlas America, Inc. 602 31,081
Bois d'Arc Energy, Inc.* 2,410 46,200
Brigham Exploration Co.* 2,313 13,716
Callon Petroleum Co.* 1,718 23,915
Carrizo Oil & Gas, Inc.* 562 25,211
Clayton Williams Energy, Inc.* 466 15,378
Enbridge Energy Management LLC.* 465 23,064
GMX Resources, Inc.* 272 8,750
Goodrich Petroleum Corp.* 432 13,694
Gulfport Energy Corp.* 898 21,247
Markwest Hydrocarbon, Inc. 184 10,696
NGP Capital Resources Co. 698 11,329
Parallel Petroleum Corp.* 802 13,626
Petroleum Development Corp.* 826 36,633
Petroquest Energy, Inc.* 1,520 16,310
Stone Energy Corp.* 1,050 42,011
TXCO Resources, Inc.* 834 7,473
USEC, Inc.* 4,666 47,827
Vaalco Energy, Inc.* 4,276 19,541
Westmoreland Coal Co.* 466 9,287
-------
Total Oil, Gas & Consumable Fuels 555,610
--------------------------------------------------------------------------
Paper & Forest Products - 0.2%
Deltic Timber Corp. 192 10,929
Mercer International, Inc.* 1,298 12,266
Wausau Paper Corp. 674 7,515
-------
Total Paper & Forest Products 30,710
--------------------------------------------------------------------------
Personal Products - 0.7%
American Oriental Bioengineering, Inc.* 1,218 13,581
Chattem, Inc.* 323 22,778
Elizabeth Arden, Inc.* 1,105 29,790
Inter Parfums, Inc. 593 14,036
Parlux Fragrances, Inc.* 835 3,257
Prestige Brands Holdings, Inc.* 1,728 18,973
USANA Health Sciences, Inc.*(a) 454 19,863
-------
Total Personal Products 122,278
--------------------------------------------------------------------------
Pharmaceuticals - 0.7%
Bentley Pharmaceuticals, Inc.* 498 6,215
Bradley Pharmaceuticals, Inc.* 458 8,336
Hi-Tech Pharmacal Co., Inc.* 427 5,068
Noven Pharmaceuticals, Inc.* 360 5,735
Pain Therapeutics, Inc.* 1,162 10,865
Salix Pharmaceuticals Ltd.* 698 8,669
Sciele Pharma, Inc.* 1,250 32,525
Viropharma, Inc.* 5,783 51,468
-------
Total Pharmaceuticals 128,881
--------------------------------------------------------------------------
Real Estate Investment Trusts - 1.7%
Acadia Realty Trust 440 11,937
Agree Realty Corp. 296 9,277
American Campus Communities, Inc. 264 7,733
American Land Lease, Inc. 391 8,786
Ashford Hospitality Trust, Inc. 770 7,739
Cedar Shopping Centers, Inc. 594 8,090
Equity Inns, Inc. 471 10,635
Feldman Mall Properties, Inc. 1,440 10,886
First Potomac Realty Trust 277 6,039
Getty Realty Corp. 890 24,207
Glimcher Realty Trust 336 7,896
Investors Real Estate Trust 1,544 16,675
Kite Realty Group Trust 546 10,265
LTC Properties, Inc. 650 15,386
Medical Properties Trust, Inc. 1,392 18,541
National Health Investors, Inc. 1,026 31,713
Omega Healthcare Investors, Inc. 1,400 21,742
Parkway Properties, Inc. 176 7,769
Ramco-Gershenson Properties Trust 272 8,497
Saul Centers, Inc. 272 14,008
Universal Health Realty Income Trust 554 19,684
Urstadt Biddle Properties, Inc. Class A 522 8,075
Winthrop Realty Trust 3,034 20,419
-------
Total Real Estate Investment Trusts 305,999
--------------------------------------------------------------------------
Real Estate Management & Development - 0.0%
Consolidated-Tomoka Land Co. 128 8,603
--------------------------------------------------------------------------
Road & Rail - 1.4%
Arkansas Best Corp. 1,728 56,435
Celadon Group, Inc.* 850 10,005
Dollar Thrifty Automotive Group, Inc.* 714 24,769
Frozen Food Express Industries, Inc. 548 3,688
Genesee & Wyoming, Inc. Class A* 352 10,152
Marten Transport Ltd.* 976 15,040
Old Dominion Freight Line, Inc.* 1,809 43,362
P.A.M. Transportation Services, Inc.* 706 12,708
Patriot Transportation Holding Inc.* 120 11,801
Quality Distribution, Inc.* 3,056 27,198
Saia, Inc.* 698 11,538
U.S. Xpress Enterprises, Inc. Class A* 767 15,156
Universal Truckload Services, Inc.* 586 12,869
USA Truck, Inc.* 593 9,043
-------
Total Road & Rail 263,764
--------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 47
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Earnings Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares Value
-----------------------------------------------------------------------------
Semiconductors & Semiconductor Equipment - 3.0%
Actel Corp.* 618 $ 6,631
Advanced Energy Industries, Inc.* 1,632 24,643
AMIS Holdings, Inc.* 1,680 16,313
Axcelis Technologies, Inc.* 1,640 8,380
Brooks Automation, Inc.* 1,162 16,547
Cabot Microelectronics Corp.* 650 27,788
Cirrus Logic, Inc.* 2,808 17,971
Cohu, Inc. 786 14,738
Diodes, Inc.* 1,144 36,722
DSP Group, Inc.* 746 11,809
Exar Corp.* 762 9,952
IXYS Corp.* 2,298 23,968
Kulicke & Soffa Industries, Inc.* 7,261 61,573
Mattson Technology, Inc.* 1,290 11,159
Micrel, Inc. 2,230 24,084
MIPS Technologies, Inc.* 712 5,625
Monolithic Power Systems, Inc.* 730 18,542
Netlogic Microsystems, Inc.* 408 14,733
Omnivision Technologies, Inc.* 3,567 81,077
Photronics Inc.* 1,105 12,608
Rudolph Technologies, Inc.* 618 8,547
Semtech Corp.* 1,138 23,306
Silicon Image, Inc.* 1,400 7,210
Silicon Storage Technology, Inc.* 2,640 8,501
Standard Microsystems Corp.* 530 20,363
Supertex, Inc.* 304 12,124
Triquint Semiconductor, Inc.* 2,018 9,908
Ultra Clean Holdings* 501 7,365
Veeco Instruments, Inc.* 498 9,651
-------
Total Semiconductors & Semiconductor Equipment 551,838
-----------------------------------------------------------------------------
Software - 2.0%
Advent Software, Inc.* 272 12,776
Ansoft Corp.* 416 13,720
Aspen Technology, Inc.* 786 11,256
Blackboard, Inc.* 296 13,569
Concur Technologies, Inc.* 1,538 48,477
Epicor Software Corp.* 1,042 14,348
EPIQ Systems, Inc.* 2,420 45,543
i2 Technologies, Inc.*(a) 1,226 18,697
Informatica Corp.* 1,664 26,124
Interactive Intelligence, Inc.* 210 3,990
MSC.Software Corp.* 642 8,744
Progress Software Corp.* 466 14,120
QAD, Inc. 1,252 10,842
Quality Systems, Inc. 458 16,777
Radiant Systems, Inc.* 993 15,719
Renaissance Learning, Inc. 674 8,149
Smith Micro Software, Inc.* 794 12,752
SPSS, Inc.* 368 15,140
Tyler Technologies, Inc.* 706 9,425
Ultimate Software Group, Inc.* 392 13,681
VASCO Data Security International* 674 23,799
Wind River Systems, Inc.* 898 10,569
-------
Total Software 368,217
-----------------------------------------------------------------------------
Specialty Retail - 2.9%
A.C. Moore Arts & Crafts, Inc.* 490 7,722
America's Car-Mart, Inc.* 918 10,383
Asbury Automotive Group, Inc. 1,778 35,222
Big 5 Sporting Goods Corp. 754 14,100
Blockbuster, Inc. Class A* 6,837 36,715
Books-A-Million, Inc. 700 9,261
Buckle, Inc. (The) 958 36,347
Build-A-Bear Workshop, Inc.* 554 9,839
Cache, Inc.* 432 7,711
Casual Male Retail Group, Inc.* 770 6,899
Cato Corp. (The) Class A 1,442 29,474
Charlotte Russe Holding, Inc.* 762 11,156
Christopher & Banks Corp. 1,258 15,247
Conn's, Inc.* 1,210 28,907
Cost Plus, Inc.* 1,956 7,863
DEB Shops, Inc. 610 16,403
Genesco, Inc.* 1,090 50,282
Haverty Furniture Cos., Inc. 874 7,665
Hibbett Sports, Inc.* 626 15,525
HOT Topic, Inc.* 922 6,878
JOS A Bank Clothiers, Inc.* 770 25,733
Lithia Motors, Inc. Class A 1,250 21,325
Monro Muffler, Inc. 376 12,705
Mothers Work, Inc.* 493 9,204
Select Comfort Corp.* 1,906 26,589
Stage Stores, Inc. 1,317 24,009
Syms Corp. 720 10,807
United Retail Group, Inc.* 1,406 19,108
Zumiez, Inc.* 320 14,198
-------
Total Specialty Retail 527,277
-----------------------------------------------------------------------------
Textiles, Apparel & Luxury Goods - 1.3%
Charles & Colvard Ltd. 1,187 4,784
Cherokee, Inc. 281 10,779
Deckers Outdoor Corp.* 352 38,649
Hartmarx Corp.* 1,480 7,252
Iconix Brand Group, Inc.* 882 20,983
Kenneth Cole Productions, Inc. Class A 658 12,745
Maidenform Brands, Inc.* 818 12,990
Movado Group, Inc. 755 24,100
Oxford Industries, Inc. 642 23,189
See Notes to Financial Statements.
48 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree SmallCap Earnings Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------------
Perry Ellis International, Inc.* 416 $ 11,527
True Religion Apparel, Inc.* 1,026 18,058
UniFirst Corp. 671 25,136
Volcom, Inc.* 594 25,257
-----------
Total Textiles, Apparel & Luxury Goods 235,449
----------------------------------------------------------------------------------
Thrifts & Mortgage Finance - 3.8%
Accredited Home Lenders Holding Co.*(a) 5,061 59,062
Anchor Bancorp Wisconsin, Inc. 977 26,379
Bank Mutual Corp. 1,138 13,417
BankAtlantic Bancorp, Inc. Class A 738 6,398
BankUnited Financial Corp. Class A 2,307 35,851
Berkshire Hills Bancorp, Inc. 288 8,706
Brookline Bancorp, Inc. 978 11,335
Citizens First Bancorp, Inc. 344 6,175
City Bank/Lynnwood WA 432 12,407
Clifton Savings Bancorp, Inc. 802 9,488
Dime Community Bancshares, Inc. 1,507 22,560
Federal Agricultural Mortgage Corp. Class C 694 20,376
First Busey Corp. 839 18,382
First Defiance Financial Corp. 454 12,258
First Financial Holdings, Inc. 454 14,201
First Place Financial Corp. 658 11,647
FirstFed Financial Corp.*(a) 1,309 64,861
Flagstar Bancorp, Inc. 4,056 39,465
Flushing Financial Corp. 889 14,935
Imperial Capital Bancorp, Inc. 305 8,616
KNBT Bancorp, Inc. 951 15,730
OceanFirst Financial Corp. 490 8,541
Ocwen Financial Corp.*(a) 10,129 95,516
Partners Trust Financial Group, Inc. 1,608 19,569
PFF Bancorp, Inc. 1,074 16,475
Provident Financial Holdings, Inc. 698 15,544
Provident New York Bancorp 842 11,039
TierOne Corp. 842 22,288
Triad Guaranty, Inc.* 826 15,669
TrustCo Bank Corp. 2,672 29,205
United Community Financial Corp. 1,250 9,025
Willow Financial Bancorp, Inc. 699 8,689
WSFS Financial Corp. 315 19,656
-----------
Total Thrifts & Mortgage Finance 703,465
----------------------------------------------------------------------------------
Tobacco - 0.1%
Vector Group Ltd. 1,040 23,306
----------------------------------------------------------------------------------
Trading Companies & Distributors - 0.9%
Beacon Roofing Supply, Inc.*(a) 1,696 17,333
BlueLinx Holdings, Inc. 2,282 16,065
Electro Rent Corp. 874 12,245
Interline Brands, Inc.* 810 18,622
Kaman Corp. 890 30,758
Lawson Products, Inc. 258 8,981
Nuco2, Inc.* 408 10,502
Rush Enterprises, Inc. Class A* 2,218 56,227
-----------
Total Trading Companies & Distributors 170,733
----------------------------------------------------------------------------------
Water Utilities - 0.3%
American States Water Co. 384 14,976
California Water Service Group 384 14,780
Middlesex Water Co. 534 10,093
SJW Corp. 401 13,690
Southwest Water Co. 754 9,523
-----------
Total Water Utilities 63,062
----------------------------------------------------------------------------------
Wireless Telecommunication Services - 0.3%
Syniverse Holdings, Inc.* 2,292 36,443
USA Mobility, Inc.* 1,122 18,928
-----------
Total Wireless Telecommunication Services 55,371
----------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $19,149,752) 18,277,055
==================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.9%
MONEY MARKET FUNDS(b) - 3.9%
AIM Liquid Assets Portfolio, 5.11% 195 195
UBS Private Money Market Fund LLC, 5.21% 727,405 727,405
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $727,600)(c) 727,600
==================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.3%
(Cost: $19,877,352)(d) 19,004,655
Liabilities in Excess of Other Assets - (3.3)% (612,129)
-----------
NET ASSETS - 100.0% $18,392,526
==================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $663,231 and the total market value of the collateral held by the
Fund was $727,600.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 49
Schedule of Investments (unaudited)
WisdomTree Earnings Top 100 Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
COMMON STOCKS - 99.8%
Aerospace & Defense - 2.6%
Honeywell International, Inc. 2,430 $ 144,512
Lockheed Martin Corp. 1,260 136,697
Raytheon Co. 2,028 129,427
---------
Total Aerospace & Defense 410,636
------------------------------------------------------------------------------
Auto Components - 1.0%
Johnson Controls, Inc. 1,336 157,795
------------------------------------------------------------------------------
Building Products - 0.7%
Masco Corp. 4,801 111,239
------------------------------------------------------------------------------
Capital Markets - 4.1%
Bear Stearns & Co., Inc. (The) 1,212 148,846
Goldman Sachs Group, Inc. 899 194,849
Lehman Brothers Holdings, Inc. 1,126 69,508
Merrill Lynch & Co., Inc. 1,264 90,098
Morgan Stanley 2,178 137,214
---------
Total Capital Markets 640,515
------------------------------------------------------------------------------
Chemicals - 2.7%
Dow Chemical Co. (The) 3,859 166,168
PPG Industries, Inc. 1,836 138,710
Rohm & Haas Co. 2,082 115,905
---------
Total Chemicals 420,783
------------------------------------------------------------------------------
Commercial Banks - 8.2%
BB&T Corp. 2,863 115,637
Fifth Third Bancorp 2,821 95,575
KeyCorp 3,775 122,046
M&T Bank Corp. 888 91,864
Marshall & Ilsley Corp. 2,436 106,624
National City Corp. 3,901 97,876
PNC Financial Services Group, Inc. (The) 2,899 197,421
SunTrust Banks, Inc. 1,410 106,695
U.S. Bancorp 3,781 122,996
Wachovia Corp. 2,040 102,306
Wells Fargo & Co. 3,530 125,738
---------
Total Commercial Banks 1,284,778
------------------------------------------------------------------------------
Communications Equipment - 0.6%
Motorola, Inc. 5,241 97,116
------------------------------------------------------------------------------
Computers & Peripherals - 0.9%
International Business Machines Corp. 1,162 136,884
------------------------------------------------------------------------------
Consumer Finance - 2.1%
Capital One Financial Corp. 2,374 157,705
Discover Financial Services 1,089 22,651
SLM Corp. 3,082 153,083
---------
Total Consumer Finance 333,439
------------------------------------------------------------------------------
Diversified Financials - 3.3%
Bank of America Corp. 2,738 137,639
CIT Group, Inc. 3,086 124,057
Citigroup, Inc. 2,753 128,483
JPMorgan Chase & Co. 2,733 125,226
---------
Total Diversified Financials 515,405
------------------------------------------------------------------------------
Diversified Telecommunication Services - 0.8%
Verizon Communications, Inc. 2,959 131,025
------------------------------------------------------------------------------
Electric Utilities - 1.9%
Edison International 2,797 155,094
PPL Corp. 3,043 140,891
---------
Total Electric Utilities 295,985
------------------------------------------------------------------------------
Energy Equipment & Services - 1.7%
BJ Services Co. 4,315 114,563
Halliburton Co. 4,063 156,019
---------
Total Energy Equipment & Services 270,582
------------------------------------------------------------------------------
Food & Staples Retailing - 0.8%
Kroger Co. (The) 4,624 131,876
------------------------------------------------------------------------------
Food Products - 1.0%
Archer-Daniels-Midland Co. 3,606 119,286
Kraft Foods, Inc. Class A 915 31,577
---------
Total Food Products 150,863
------------------------------------------------------------------------------
Health Care Providers & Services - 3.0%
Aetna, Inc. 2,995 162,539
Cigna Corp. 3,554 189,392
WellPoint, Inc.* 1,425 112,461
---------
Total Health Care Providers & Services 464,392
------------------------------------------------------------------------------
Hotels, Restaurants & Leisure - 0.8%
Starwood Hotels & Resorts Worldwide, Inc. 2,069 125,692
------------------------------------------------------------------------------
Household Durables - 0.7%
Fortune Brands, Inc. 1,272 103,655
------------------------------------------------------------------------------
Independent Power Producers & Energy - 1.2%
TXU Corp. 2,853 195,345
------------------------------------------------------------------------------
Insurance - 12.0%
Allstate Corp. (The) 3,223 184,323
American Family Life Assurance Co., Inc. 2,478 141,345
American International Group, Inc. 1,596 107,969
Chubb Corp. (The) 3,517 188,653
Genworth Financial, Inc. Class A 4,375 134,444
Hartford Financial Services Group, Inc. (The) 1,989 184,082
Lincoln National Corp. 1,692 111,621
Loews Corp. 2,989 144,518
Metlife, Inc. 2,448 170,699
Principal Financial Group, Inc. 1,860 117,347
Progressive Corp. (The) 6,482 125,816
Prudential Financial, Inc. 1,348 131,538
Travelers Cos., Inc. (The) 2,839 142,915
---------
Total Insurance 1,885,270
------------------------------------------------------------------------------
Machinery - 6.9%
Caterpillar, Inc. 2,544 199,526
Deere & Co. 1,194 177,213
See Notes to Financial Statements.
50 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Earnings Top 100 Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------------
Eaton Corp. 1,854 $ 183,620
Illinois Tool Works, Inc. 2,328 138,842
Paccar, Inc. 2,322 197,951
Parker Hannifin Corp. 1,668 186,532
-----------
Total Machinery 1,083,684
---------------------------------------------------------------------------
Media - 1.8%
Gannett Co., Inc. 2,188 95,616
News Corp. Class A 8,209 180,516
-----------
Total Media 276,132
---------------------------------------------------------------------------
Metals & Mining - 7.1%
Alcoa, Inc. 4,321 169,038
Freeport-McMoRan Copper & Gold, Inc. 3,390 355,577
Nucor Corp. 2,710 161,164
Southern Copper Corp.(a) 3,391 419,907
-----------
Total Metals & Mining 1,105,686
---------------------------------------------------------------------------
Multiline Retail - 0.6%
J.C. Penney Co., Inc. 1,381 87,514
---------------------------------------------------------------------------
Multi-Utilities - 1.9%
PG&E Corp. 2,532 121,030
Sempra Energy 2,929 170,233
-----------
Total Multi-Utilities 291,263
---------------------------------------------------------------------------
Office Electronics - 0.9%
Xerox Corp.* 8,026 139,171
---------------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 22.2%
Anadarko Petroleum Corp. 5,551 298,366
Apache Corp. 3,068 276,304
Chesapeake Energy Corp. 7,010 247,173
Chevron Corp. 2,575 240,969
ConocoPhillips 3,481 305,527
Devon Energy Corp. 2,442 203,174
EOG Resources, Inc. 2,238 161,875
Exxon Mobil Corp. 1,980 183,269
Hess Corp. 4,326 287,809
Marathon Oil Corp. 5,558 316,917
Murphy Oil Corp. 2,298 160,607
Occidental Petroleum Corp. 3,595 230,368
Valero Energy Corp. 5,227 351,149
XTO Energy, Inc. 3,553 219,718
-----------
Total Oil, Gas & Consumable Fuels 3,483,225
---------------------------------------------------------------------------
Pharmaceuticals - 0.6%
Wyeth 2,182 97,208
---------------------------------------------------------------------------
Real Estate Investment Trusts - 0.4%
Boston Properties, Inc. 690 71,691
---------------------------------------------------------------------------
Road & Rail - 2.6%
Burlington Northern Santa Fe Corp. 1,588 128,898
CSX Corp. 3,538 151,178
Norfolk Southern Corp. 2,358 122,404
-----------
Total Road & Rail 402,480
---------------------------------------------------------------------------
Specialty Retail - 1.4%
Home Depot, Inc. 3,409 110,588
Lowe's Cos., Inc. 3,777 105,832
-----------
Total Specialty Retail 216,420
---------------------------------------------------------------------------
Thrifts & Mortgage Finance - 1.2%
Countrywide Financial Corp. 4,849 92,179
Washington Mutual, Inc. 2,959 104,483
-----------
Total Thrifts & Mortgage Finance 196,662
---------------------------------------------------------------------------
Tobacco - 2.1%
Altria Group, Inc. 1,320 91,780
Reynolds American, Inc. 3,772 239,861
-----------
Total Tobacco 331,641
---------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $15,013,443) 15,646,052
===========================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.8%
MONEY MARKET FUND(b) - 1.8%
UBS Private Money Market Fund LLC, 5.21%
(Cost: $281,600)(c) 281,600 281,600
===========================================================================
TOTAL INVESTMENTS IN SECURITIES - 101.6%
(Cost: $15,295,043)(d) 15,927,652
Liabilities in Excess of Cash and Other
Assets - (1.6)% (250,859)
-----------
NET ASSETS - 100.0% $15,676,793
===========================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $275,374 and the total market value of the collateral held by the
Fund was $281,600.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 51
Schedule of Investments (unaudited)
WisdomTree Low P/E Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares Value
-------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Aerospace & Defense - 2.1%
Alliant Techsystems, Inc.* 154 $ 16,832
BE Aerospace, Inc.* 462 19,187
Ceradyne, Inc.* 253 19,162
Goodrich Corp. 528 36,025
Hexcel Corp.* 715 16,238
Honeywell International, Inc. 2,555 151,947
Lockheed Martin Corp. 1,352 146,678
Northrop Grumman Corp. 1,091 85,098
Raytheon Co. 1,399 89,284
---------
Total Aerospace & Defense 580,451
-------------------------------------------------------------------------
Airlines - 0.1%
Continental Airlines, Inc. Class B* 355 11,726
Skywest, Inc. 528 13,289
---------
Total Airlines 25,015
-------------------------------------------------------------------------
Auto Components - 0.6%
ArvinMeritor, Inc. 682 11,471
Autoliv, Inc. 363 21,689
BorgWarner, Inc. 251 22,974
Goodyear Tire & Rubber Co. (The)* 858 26,092
Johnson Controls, Inc. 627 74,055
TRW Automotive Holdings Corp.* 484 15,333
---------
Total Auto Components 171,614
-------------------------------------------------------------------------
Automobiles - 0.1%
Thor Industries, Inc. 350 15,747
-------------------------------------------------------------------------
Beverages - 0.2%
Pepsi Bottling Group, Inc. 770 28,621
PepsiAmericas, Inc. 627 20,340
---------
Total Beverages 48,961
-------------------------------------------------------------------------
Biotechnology - 0.1%
ImClone Systems, Inc.* 829 34,271
-------------------------------------------------------------------------
Building Products - 0.3%
Lennox International, Inc. 385 13,013
Masco Corp. 1,684 39,018
Simpson Manufacturing Co., Inc. 407 12,963
USG Corp.*(a) 353 13,255
---------
Total Building Products 78,249
-------------------------------------------------------------------------
Capital Markets - 4.5%
Allied Capital Corp.(a) 869 25,540
American Capital Strategies Ltd.(a) 799 34,141
Apollo Investment Corp. 760 15,808
Bear Stearns & Cos., Inc. (The) 642 78,844
Goldman Sachs Group, Inc. 2,059 446,268
Knight Capital Group, Inc. Class A* 770 9,209
LaBranche & Cos., Inc.* 2,014 9,426
Lehman Brothers Holdings, Inc. 2,533 156,362
Merrill Lynch & Co., Inc. 2,919 208,066
Morgan Stanley 4,708 296,604
---------
Total Capital Markets 1,280,268
-------------------------------------------------------------------------
Chemicals - 1.7%
Celanese Corp. Series A 627 24,440
Dow Chemical Co. (The) 4,321 186,062
Eastman Chemical Co. 352 23,489
Huntsman Corp. 902 23,894
Lubrizol Corp. 252 16,395
Lyondell Chemical Co. 1,254 58,123
Olin Corp. 713 15,957
OM Group, Inc.* 211 11,143
PPG Industries, Inc. 583 44,046
Rohm & Haas Co. 715 39,804
Valspar Corp. (The) 484 13,170
Westlake Chemical Corp. 496 12,564
---------
Total Chemicals 469,087
-------------------------------------------------------------------------
Commercial Banks - 6.9%
Associated Banc-Corp 484 14,341
BancorpSouth, Inc. 528 12,830
Bank of Hawaii Corp. 264 13,952
BB&T Corp. 1,982 80,053
BOK Financial Corp. 264 13,572
Cathay General Bancorp 396 12,755
Chittenden Corp. 440 15,470
Citizens Banking Corp. 837 13,484
City National Corp. 187 12,998
Colonial BancGroup, Inc. (The) 539 11,653
Comerica, Inc. 682 34,973
Commerce Bancshares, Inc. 275 12,620
Cullen/Frost Bankers, Inc. 253 12,680
East West Bancorp, Inc. 363 13,053
Fifth Third Bancorp 1,861 63,051
FirstMerit Corp. 605 11,955
Fulton Financial Corp. 858 12,338
Huntington Bancshares, Inc. 1,056 17,931
International Bancshares Corp. 518 11,241
KeyCorp 1,641 53,054
M&T Bank Corp. 352 36,414
Marshall & Ilsley Corp. 847 37,073
National City Corp. 3,169 79,510
Pacific Capital Bancorp 418 10,993
Park National Corp. 143 12,470
PNC Financial Services Group, Inc. (The) 1,806 122,989
SunTrust Banks, Inc. 1,254 94,890
Synovus Financial Corp. 990 27,770
TCF Financial Corp. 506 13,247
Trustmark Corp. 462 12,954
U.S. Bancorp 6,770 220,228
UnionBanCal Corp. 583 34,053
Wachovia Corp. 6,330 317,451
Wells Fargo & Co. 11,754 418,678
Westamerica Bancorp 275 13,698
Whitney Holding Corp. 418 11,027
See Notes to Financial Statements.
52 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Low P/E Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares Value
------------------------------------------------------------------------------
Wilmington Trust Corp. 319 $ 12,409
Zions Bancorp 363 24,927
---------
Total Commercial Banks 1,944,785
------------------------------------------------------------------------------
Commercial Services & Supplies - 0.1%
Deluxe Corp. 408 15,031
PHH Corp.* 451 11,852
United Stationers, Inc.* 217 12,048
---------
Total Commercial Services & Supplies 38,931
------------------------------------------------------------------------------
Communications Equipment - 0.6%
Arris Group, Inc.* 924 11,411
CommScope, Inc.* 373 18,740
Motorola, Inc. 8,317 154,114
---------
Total Communications Equipment 184,265
------------------------------------------------------------------------------
Computers & Peripherals - 2.1%
International Business Machines Corp. 4,743 558,725
Palm, Inc.* 1,289 20,972
Western Digital Corp.* 1,100 27,852
---------
Total Computers & Peripherals 607,549
------------------------------------------------------------------------------
Construction Materials - 0.1%
Eagle Materials, Inc. 318 11,365
Florida Rock Industries, Inc. 270 16,873
---------
Total Construction Materials 28,238
------------------------------------------------------------------------------
Consumer Finance - 1.0%
AmeriCredit Corp.* 889 15,629
Capital One Financial Corp. 1,605 106,619
CompuCredit Corp.* 396 8,597
Discover Financial Services 2,310 48,048
First Marblehead Corp. (The)(a) 374 14,186
SLM Corp. 1,619 80,416
Student Loan Corp. (The) 77 13,885
---------
Total Consumer Finance 287,380
------------------------------------------------------------------------------
Containers & Packaging - 0.1%
Ball Corp. 341 18,328
Temple-Inland, Inc. 320 16,842
---------
Total Containers & Packaging 35,170
------------------------------------------------------------------------------
Diversified Consumer Services - 0.0%
Career Education Corp.* 461 12,903
------------------------------------------------------------------------------
Diversified Financials - 9.0%
Bank of America Corp. 19,059 958,096
CIT Group, Inc. 1,045 42,009
Citigroup, Inc. 19,897 928,593
JPMorgan Chase & Co. 13,222 605,832
---------
Total Diversified Financials 2,534,530
------------------------------------------------------------------------------
Diversified Telecommunication Services - 1.6%
CenturyTel, Inc. 418 19,320
Cincinnati Bell, Inc.* 2,798 13,822
Verizon Communications, Inc. 8,937 395,731
Windstream Corp. 1,520 21,462
---------
Total Diversified Telecommunication Services 450,335
------------------------------------------------------------------------------
Electric Utilities - 0.8%
Edison International 1,254 69,535
FirstEnergy Corp. 1,001 63,403
Pinnacle West Capital Corp. 400 15,804
PPL Corp. 1,265 58,570
Sierra Pacific Resources 865 13,606
Westar Energy, Inc. 495 12,157
---------
Total Electric Utilities 233,075
------------------------------------------------------------------------------
Electrical Equipment - 0.1%
Genlyte Group, Inc.* 187 12,017
Regal-Beloit Corp. 297 14,223
---------
Total Electrical Equipment 26,240
------------------------------------------------------------------------------
Electronic Equipment & Instruments - 0.4%
Anixter International, Inc.* 230 18,964
Arrow Electronics, Inc.* 545 23,174
Avnet, Inc.* 506 20,169
Benchmark Electronics, Inc.* 605 14,441
Ingram Micro, Inc. Class A* 704 13,805
Vishay Intertechnology, Inc.* 957 12,470
---------
Total Electronic Equipment & Instruments 103,023
------------------------------------------------------------------------------
Energy Equipment & Services - 1.7%
BJ Services Co. 1,309 34,754
Diamond Offshore Drilling, Inc. 374 42,370
ENSCO International, Inc. 616 34,558
Global Industries Ltd.* 990 25,502
Grant Prideco, Inc.* 484 26,388
Grey Wolf, Inc.* 1,214 7,952
Gulfmark Offshore, Inc.* 158 7,688
Halliburton Co. 4,231 162,470
Helmerich & Payne, Inc. 528 17,334
Oil States International, Inc.* 462 22,315
Patterson-UTI Energy, Inc. 1,521 34,329
Rowan Cos., Inc. 440 16,095
RPC, Inc. 825 11,723
SEACOR Holdings, Inc.* 132 12,553
Tidewater, Inc. 264 16,590
Unit Corp.* 319 15,440
---------
Total Energy Equipment & Services 488,061
------------------------------------------------------------------------------
Food & Staples Retailing - 2.4%
Kroger Co. (The) 2,167 61,803
Rite Aid Corp.* 12,934 59,755
Wal-Mart Stores, Inc. 13,076 570,767
---------
Total Food & Staples Retailing 692,325
------------------------------------------------------------------------------
Food Products - 0.9%
Archer-Daniels-Midland Co. 2,426 80,252
Kraft Foods, Inc. Class A 4,809 165,959
Seaboard Corp. 11 21,560
---------
Total Food Products 267,771
------------------------------------------------------------------------------
Gas Utilities - 0.2%
AGL Resources Inc. 349 13,827
Energen Corp. 286 16,337
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 53
Schedule of Investments (unaudited) (continued)
WisdomTree Low P/E Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------
Nicor, Inc. 297 $12,741
-------
Total Gas Utilities 42,905
----------------------------------------------------------------------------
Health Care Equipment & Supplies - 0.1%
Kinetic Concepts, Inc.* 264 14,858
----------------------------------------------------------------------------
Health Care Providers & Services - 1.5%
Aetna, Inc. 2,026 109,951
Cigna Corp. 1,353 72,101
Coventry Health Care, Inc.* 558 34,713
Health Net, Inc.* 366 19,782
LifePoint Hospitals, Inc.* 391 11,734
Lincare Holdings, Inc.* 352 12,901
Sierra Health Services, Inc.* 340 14,345
WellPoint, Inc.* 1,979 156,183
-------
Total Health Care Providers & Services 431,710
----------------------------------------------------------------------------
Hotels, Restaurants & Leisure - 0.3%
CBRL Group, Inc. 284 11,587
CKE Restaurants, Inc. 704 11,412
Ruby Tuesday, Inc. 406 7,446
Speedway Motorsports, Inc. 339 12,543
Starwood Hotels & Resorts Worldwide, Inc. 858 52,124
-------
Total Hotels, Restaurants & Leisure 95,112
----------------------------------------------------------------------------
Household Durables - 1.5%
American Greetings Corp. Class A 561 14,810
Beazer Homes USA, Inc.(a) 537 4,430
Black & Decker Corp. (The) 341 28,405
Centex Corp. 880 23,382
D.R. Horton, Inc. 2,379 30,475
Ethan Allen Interiors, Inc. 363 11,866
Fortune Brands, Inc. 473 38,546
Hovnanian Enterprises, Inc. Class A*(a) 605 6,709
KB Home 671 16,815
Leggett & Platt, Inc. 583 11,170
Lennar Corp. Class A 1,331 30,147
MDC Holdings, Inc. 385 15,762
Meritage Homes Corp.*(a) 493 6,961
Mohawk Industries, Inc.* 286 23,252
NVR, Inc.* 55 25,864
Pulte Homes, Inc. 1,894 25,777
Ryland Group, Inc. (The) 418 8,958
Standard-Pacific Corp. 737 4,046
Stanley Works (The) 286 16,053
Tempur-Pedic International, Inc. 550 19,663
Toll Brothers, Inc.* 1,320 26,387
TOUSA, Inc.(a) 2,237 3,602
Tupperware Brands Corp. 488 15,367
Whirlpool Corp. 286 25,483
-------
Total Household Durables 433,930
----------------------------------------------------------------------------
Household Products - 0.1%
Energizer Holdings, Inc.* 197 21,837
----------------------------------------------------------------------------
Independent Power Producers & Energy - 0.9%
Mirant Corp.* 1,421 57,806
NRG Energy, Inc.* 1,100 46,519
TXU Corp. 2,200 150,634
-------
Total Independent Power Producers & Energy 254,959
----------------------------------------------------------------------------
Industrial Conglomerates - 0.1%
Carlisle Cos., Inc. 308 14,969
----------------------------------------------------------------------------
Insurance - 9.3%
Alfa Corp. 715 12,999
Alleghany Corp. 33 13,398
Allstate Corp. (The) 3,857 220,582
AMBAC Financial Group, Inc. 495 31,140
American Family Life Assurance Co., Inc. 1,582 90,237
American Financial Group, Inc. 528 15,059
American International Group, Inc. 8,689 587,810
Assurant, Inc. 660 35,310
Chubb Corp. (The) 2,247 120,529
Cincinnati Financial Corp. 594 25,726
Commerce Group, Inc. 451 13,291
Conseco, Inc.* 719 11,504
Delphi Financial Group, Inc. Class A 352 14,228
Erie Indemnity Co. Class A 253 15,466
First American Corp. 341 12,487
Genworth Financial, Inc. Class A 1,960 60,231
Hanover Insurance Group, Inc. (The) 286 12,638
Hartford Financial Services Group, Inc. (The) 1,465 135,586
HCC Insurance Holdings, Inc. 429 12,287
LandAmerica Financial Group, Inc. 220 8,576
Lincoln National Corp. 924 60,956
Loews Corp. 1,971 95,298
Markel Corp.* 44 21,296
MBIA, Inc. 592 36,142
Mercury General Corp. 253 13,644
Metlife, Inc. 3,274 228,295
Nationwide Financial Services, Inc. Class A 671 36,113
Odyssey Re Holdings Corp. 413 15,326
Old Republic International Corp. 1,086 20,352
Philadelphia Consolidated Holding Co.* 319 13,187
Principal Financial Group, Inc. 869 54,825
ProAssurance Corp.* 264 14,222
Progressive Corp. (The) 3,384 65,683
Protective Life Corp. 297 12,605
Prudential Financial, Inc. 1,460 142,467
Reinsurance Group of America, Inc. 275 15,590
RLI Corp. 242 13,726
Safeco Corp. 594 36,365
Selective Insurance Group, Inc. 528 11,236
StanCorp Financial Group, Inc. 286 14,160
Torchmark Corp. 407 25,364
Transatlantic Holdings, Inc. 264 18,567
Travelers Cos., Inc. (The) 3,040 153,034
Unitrin, Inc. 297 14,728
W.R. Berkley Corp. 979 29,008
See Notes to Financial Statements.
54 WisdomTree Domestic Earnings Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Low P/E Fund
September 30, 2007
---------------------------------------------------------------------
Investments Shares Value
---------------------------------------------------------------------
Zenith National Insurance Corp. 331 $ 14,859
---------
Total Insurance 2,626,132
---------------------------------------------------------------------
Internet Software & Services - 0.1%
VeriSign, Inc.* 958 32,323
---------------------------------------------------------------------
IT Services - 0.1%
Wright Express Corp.* 484 17,661
---------------------------------------------------------------------
Leisure Equipment & Products - 0.2%
Brunswick Corp. 484 11,064
Mattel, Inc. 1,287 30,194
Polaris Industries, Inc. 286 12,475
---------
Total Leisure Equipment & Products 53,733
---------------------------------------------------------------------
Machinery - 3.3%
Actuant Corp. Class A 275 17,867
Briggs & Stratton Corp. 473 11,910
Caterpillar, Inc. 3,106 243,605
Crane Co. 352 16,885
Cummins, Inc. 616 78,780
Deere & Co. 769 114,135
Eaton Corp. 638 63,188
Gardner Denver, Inc.* 385 15,015
Harsco Corp. 330 19,559
Illinois Tool Works, Inc. 1,784 106,398
Joy Global, Inc. 483 24,565
Lincoln Electric Holdings, Inc. 209 16,220
Paccar, Inc. 1,133 96,588
Parker Hannifin Corp. 495 55,356
Terex Corp.* 308 27,418
Timken Co. (The) 583 21,658
Toro Co. (The) 264 15,531
---------
Total Machinery 944,678
---------------------------------------------------------------------
Media - 1.4%
Belo Corp. Class A 737 12,794
Gannett Co., Inc. 903 39,461
Getty Images, Inc.* 264 7,350
News Corp. Class A 15,857 348,696
---------
Total Media 408,301
---------------------------------------------------------------------
Metals & Mining - 3.3%
A.M. Castle & Co. 351 11,443
AK Steel Holding Corp.* 502 22,063
Alcoa, Inc. 3,711 145,175
Allegheny Technologies, Inc. 333 36,613
Carpenter Technology Corp. 133 17,291
Cleveland-Cliffs, Inc. 308 27,095
Commercial Metals Co. 836 26,459
Freeport-McMoRan Copper & Gold, Inc. 1,383 145,063
Nucor Corp. 1,487 88,432
Quanex Corp. 337 15,832
Reliance Steel & Aluminum Co. 626 35,394
Ryerson, Inc. 283 9,548
Southern Copper Corp. 1,731 214,351
Steel Dynamics, Inc. 550 25,685
United States Steel Corp. 892 94,498
Worthington Industries, Inc. 674 15,879
---------
Total Metals & Mining 930,821
---------------------------------------------------------------------
Multiline Retail - 0.2%
JC Penney Co., Inc. 693 43,915
---------------------------------------------------------------------
Multi-Utilities - 1.1%
Centerpoint Energy, Inc. 1,432 22,955
DTE Energy Co. 670 32,455
Integrys Energy Group, Inc. 242 12,398
MDU Resources Group, Inc. 605 16,843
OGE Energy Corp. 341 11,287
PG&E Corp. 1,210 57,838
SCANA Corp. 363 14,063
Sempra Energy 1,232 71,604
TECO Energy, Inc. 803 13,193
Vectren Corp. 484 13,208
Wisconsin Energy Corp. 352 15,851
Xcel Energy, Inc. 1,232 26,537
---------
Total Multi-Utilities 308,232
---------------------------------------------------------------------
Office Electronics - 0.2%
Xerox Corp.* 3,829 66,395
---------------------------------------------------------------------
Oil, Gas & Consumable Fuels - 25.3%
Alon USA Energy, Inc. 218 7,364
Anadarko Petroleum Corp. 3,780 203,175
Apache Corp. 1,982 178,499
Cabot Oil & Gas Corp. 418 14,697
Chesapeake Energy Corp. 3,040 107,190
Chevron Corp. 12,310 1,151,969
Cimarex Energy Co. 778 28,981
ConocoPhillips 11,592 1,017,429
Devon Energy Corp. 2,379 197,933
Encore Acquisition Co.* 517 16,363
EOG Resources, Inc. 1,144 82,746
Exxon Mobil Corp. 27,078 2,506,339
Forest Oil Corp.* 418 17,991
Frontier Oil Corp. 627 26,108
Helix Energy Solutions Group, Inc.* 418 17,748
Hess Corp. 1,696 112,835
Holly Corp. 253 15,137
Marathon Oil Corp. 5,622 320,565
Murphy Oil Corp. 693 48,434
Newfield Exploration Co.* 693 33,375
Noble Energy, Inc. 594 41,604
Occidental Petroleum Corp. 4,664 298,869
Overseas Shipholding Group, Inc. 361 27,736
Penn Virginia Corp. 374 16,449
Pogo Producing Co. 374 19,863
St. Mary Land & Exploration Co. 374 13,341
Sunoco, Inc. 891 63,065
Swift Energy Co.* 246 10,066
Tesoro Corp. 1,034 47,585
Valero Energy Corp. 5,270 354,038
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 55
Schedule of Investments (unaudited) (concluded)
WisdomTree Low P/E Fund
September 30, 2007
----------------------------------------------------------------------------------------
Investments Shares Value
----------------------------------------------------------------------------------------
W&T Offshore, Inc. 429 $ 10,459
Whiting Petroleum Corp.* 308 13,691
XTO Energy, Inc. 1,971 121,887
-----------
Total Oil, Gas & Consumable Fuels 7,143,531
----------------------------------------------------------------------------------------
Paper & Forest Products - 0.0%
Louisiana-Pacific Corp. 638 10,827
----------------------------------------------------------------------------------------
Personal Products - 0.1%
Alberto-Culver Co. 583 14,453
----------------------------------------------------------------------------------------
Pharmaceuticals - 4.1%
Barr Pharmaceuticals, Inc.* 414 23,561
Merck & Co., Inc. 6,707 346,685
Pfizer, Inc. 24,581 600,513
Wyeth 4,245 189,115
-----------
Total Pharmaceuticals 1,159,874
----------------------------------------------------------------------------------------
Real Estate Investment Trusts - 0.2%
Boston Properties, Inc. 352 36,573
Cousins Properties, Inc. 365 10,716
Equity One, Inc. 484 13,165
-----------
Total Real Estate Investment Trusts 60,454
----------------------------------------------------------------------------------------
Road & Rail - 1.2%
Amerco, Inc.* 209 13,263
Burlington Northern Santa Fe Corp. 1,276 103,573
Con-way, Inc. 286 13,156
CSX Corp. 1,652 70,590
JB Hunt Transport Services, Inc. 539 14,176
Norfolk Southern Corp. 1,456 75,581
Ryder System, Inc. 264 12,936
Werner Enterprises, Inc. 715 12,262
YRC Worldwide, Inc.* 499 13,633
-----------
Total Road & Rail 329,170
----------------------------------------------------------------------------------------
Semiconductors & Semiconductor Equipment - 0.9%
Amkor Technology, Inc.* 1,221 14,066
Lam Research Corp.* 451 24,020
MKS Instruments, Inc.* 582 11,070
ON Semiconductor Corp.* 1,432 17,986
Teradyne, Inc.* 880 12,144
Texas Instruments, Inc. 4,643 169,887
-----------
Total Semiconductors & Semiconductor Equipment 249,173
----------------------------------------------------------------------------------------
Specialty Retail - 2.2%
Abercrombie & Fitch Co. Class A 264 21,305
Advance Auto Parts, Inc. 352 11,813
AutoNation, Inc.* 879 15,576
Autozone, Inc.* 253 29,383
Foot Locker, Inc. 594 9,106
Group 1 Automotive, Inc. 253 8,493
Home Depot, Inc. 7,981 258,904
Lowe's Cos., Inc. 5,024 140,772
Men's Wearhouse, Inc. (The) 319 16,116
Pacific Sunwear Of California, Inc.* 680 10,064
Rent-A-Center, Inc.* 451 8,177
Sherwin-Williams Co. (The) 459 30,161
Sonic Automotive, Inc. Class A 418 10,007
TJX Cos., Inc. 1,331 38,692
-----------
Total Specialty Retail 608,569
----------------------------------------------------------------------------------------
Textiles, Apparel & Luxury Goods - 0.1%
Jones Apparel Group, Inc. 407 8,600
VF Corp. 363 29,312
-----------
Total Textiles, Apparel & Luxury Goods 37,912
----------------------------------------------------------------------------------------
Thrifts & Mortgage Finance - 1.1%
Astoria Financial Corp. 462 12,257
Countrywide Financial Corp. 3,351 63,702
Downey Financial Corp. 198 11,444
First Niagara Financial Group, Inc. 924 13,075
IndyMac Bancorp, Inc.(a) 752 17,755
MGIC Investment Corp. 484 15,638
PMI Group, Inc. (The) 473 15,467
Radian Group, Inc. 545 12,688
Washington Federal, Inc. 572 15,021
Washington Mutual, Inc. 3,725 131,529
-----------
Total Thrifts & Mortgage Finance 308,576
----------------------------------------------------------------------------------------
Tobacco - 2.2%
Altria Group, Inc. 6,950 483,234
Reynolds American, Inc. 2,173 138,181
-----------
Total Tobacco 621,415
----------------------------------------------------------------------------------------
Trading Companies & Distributors - 0.2%
United Rentals, Inc.* 484 15,570
W.W. Grainger, Inc. 286 26,080
Watsco, Inc. 253 11,747
WESCO International, Inc.* 233 10,005
-----------
Total Trading Companies & Distributors 63,402
----------------------------------------------------------------------------------------
Wireless Telecommunication Services - 0.4%
Telephone & Data Systems, Inc. 1,747 116,612
----------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $27,827,281) 28,104,683
========================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.4%
MONEY MARKET FUND(b) - 0.4%
UBS Private Money Market Fund LLC, 5.21%
(Cost: $109,900)(c) 109,900 109,900
========================================================================================
TOTAL INVESTMENTS IN SECURITIES - 99.8%
(Cost: $27,937,181)(d) 28,214,583
Cash and Other Assets in Excess of Liabilities - 0.2% 52,384
-----------
NET ASSETS - 100.0% $28,266,967
========================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $98,341 and the total market value of the collateral held by the
Fund was $109,900.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
56 WisdomTree Domestic Earnings Funds
Statements of Assets and Liabilities (unaudited)
WisdomTree Domestic Earnings Funds
September 30, 2007
-----------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree
Total Earnings MidCap SmallCap Earnings Top Low
Earnings Fund 500 Fund Earnings Fund Earnings Fund 100 Fund P/E Fund
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
-----------------------------------------------------------------------------------------------------------------------------------
Investments, at cost: $ 17,793,464 $ 40,639,049 $28,219,461 $19,877,352 $ 15,295,043 $ 27,937,181
-----------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including
securities on loan) (Note 2) 18,140,327 41,628,912 27,316,270 19,004,655 15,927,652 28,214,583
Cash 41,034 177,692 11,647 - 9,830 87,599
Receivables:
Investment securities sold 16,092 - 210,583 346,194 - 48,072
Dividends and interest 20,754 49,620 21,670 20,849 25,745 35,382
-----------------------------------------------------------------------------------------------------------------------------------
Total Assets 18,218,207 41,856,224 27,560,170 19,371,698 15,963,227 28,385,636
===================================================================================================================================
LIABILITIES:
Custodian bank - - - 7,647 - -
Payables:
Investment securities purchased - - - 238,127 - -
Collateral for securities on loan (Note 2) 50,000 21,500 416,800 727,600 281,600 109,900
Advisory fees (Note 3) 4,095 9,417 8,348 5,732 4,779 8,669
Other accrued expenses 64 148 97 66 55 100
-----------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 54,159 31,065 425,245 979,172 286,434 118,669
===================================================================================================================================
NET ASSETS $ 18,164,048 $ 41,825,159 $27,134,925 $18,392,526 $ 15,676,793 $ 28,266,967
===================================================================================================================================
NET ASSETS:
Paid-in capital $ 17,277,534 $ 40,814,660 $27,989,937 $19,408,297 $ 14,336,349 $ 27,415,043
Undistributed net investment income 9,439 17,505 17,092 11,733 11,166 10,050
Accumulated net realized gain (loss) on
investments 530,212 3,131 31,087 (154,807) 696,669 564,472
Net unrealized appreciation (depreciation) on
investments 346,863 989,863 (903,191) (872,697) 632,609 277,402
-----------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 18,164,048 $ 41,825,159 $27,134,925 $18,392,526 $ 15,676,793 $ 28,266,967
===================================================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 350,002 800,002 550,002 400,002 300,002 550,002
-----------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 51.90 $ 52.28 $ 49.34 $ 45.98 $ 52.26 $ 51.39
===================================================================================================================================
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 57
Statements of Operations (unaudited)
WisdomTree Domestic Earnings Funds
For the Six Months Ended September 30, 2007
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree WisdomTree
Total Earnings MidCap SmallCap Earnings Top Low
Earnings Fund 500 Fund Earnings Fund Earnings Fund 100 Fund P/E Fund
------------------------------------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
------------------------------------------------------------------------------------------------------------------------------------
Dividends(1) $ 165,691 $ 282,749 $ 98,839 $ 83,173 $ 168,338 $ 245,153
Securities lending income (Note 2) 533 27 4,951 8,993 827 1,150
------------------------------------------------------------------------------------------------------------------------------------
Total investment income 166,224 282,776 103,790 92,166 169,165 246,303
------------------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 24,256 37,871 27,246 24,785 31,874 41,873
Service fees (Note 3) 126 274 171 127 108 196
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 24,382 38,145 27,417 24,912 31,982 42,069
------------------------------------------------------------------------------------------------------------------------------------
Net investment income 141,842 244,631 76,373 67,254 137,183 204,234
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions 14,261 8,318 31,630 (154,760) (11,937) 14,039
In-kind redemptions 537,436 - - - 742,156 551,785
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain (loss) 551,697 8,318 31,630 (154,760) 730,219 565,824
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation
(depreciation) on investments 921,832 1,431,673 (769,617) (663,459) 966,030 820,477
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on
investments 1,473,529 1,439,991 (737,987) (818,219) 1,696,249 1,386,301
====================================================================================================================================
NET INCREASE (DECREASE) IN NET ASSETS
RESULTING FROM OPERATIONS $1,615,371 $1,684,622 $ (661,614) $ (750,965) $1,833,432 $1,590,535
====================================================================================================================================
(1) Net of foreign withholding tax $9, $18, $0, $72, $0 and $0, respectively.
See Notes to Financial Statements.
58 WisdomTree Domestic Earnings Funds
Statements of Changes in Net Assets
WisdomTree Domestic Earnings Funds
-----------------------------------------------------------------------------------------
WisdomTree Total Earnings Fund
-----------------------------------------------------------------------------------------
For the For the Period
Six Months Ended February 23,
September 30, 2007*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 141,842 $ 54,483
Net realized gain (loss) on investments 551,697 (21,485)
Net change unrealized appreciation
(depreciation) on investments 921,832 (574,969)
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 1,615,371 (541,971)
=========================================================================================
DIVIDENDS:
Net investment income (142,801) (44,085)
-----------------------------------------------------------------------------------------
Total dividends (142,801) (44,085)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 7,791,841 25,083,151
Cost of shares redeemed (15,597,558) -
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (7,805,717) 25,083,151
=========================================================================================
Net Increase (Decrease) in Net Assets (6,333,147) 24,497,095
=========================================================================================
NET ASSETS:
Beginning of period $ 24,497,195 $ 100
End of period $ 18,164,048 $24,497,195
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 9,439 $ 10,398
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 500,002 -
Shares created 150,000 500,002
Shares redeemed (300,000) -
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 350,002 500,002
=========================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree Earnings 500 Fund WisdomTree MidCap Earnings Fund
----------------------------------------------------------------------------------------------------------------------------
For the For the Period For the For the Period
Six Months Ended February 23, Six Months Ended February 23,
September 30, 2007* September 30, 2007*
2007 through 2007 through
(unaudited) March 31,2007 (unaudited) March 31, 2007
----------------------------------------------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 244,631 $ 44,058 $ 76,373 $ 7,225
Net realized gain (loss) on investments 8,318 (5,187) 31,630 (543)
Net change unrealized appreciation
(depreciation) on investments 1,431,673 (441,810) (769,617) (133,574)
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 1,684,622 (402,939) (661,614) (126,892)
============================================================================================================================
DIVIDENDS:
Net investment income (235,308) (35,876) (60,970) (5,536)
----------------------------------------------------------------------------------------------------------------------------
Total dividends (235,308) (35,876) (60,970) (5,536)
============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 20,837,578 19,976,982 22,980,147 5,009,690
Cost of shares redeemed - - - -
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 20,837,578 19,976,982 22,980,147 5,009,690
============================================================================================================================
Net Increase (Decrease) in Net Assets 22,286,892 19,538,167 22,257,563 4,877,262
============================================================================================================================
NET ASSETS:
Beginning of period $19,538,267 $ 100 $ 4,877,362 $ 100
End of period $41,825,159 $19,538,267 $27,134,925 $4,877,362
============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 17,505 $ 8,182 $ 17,092 $ 1,689
============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 400,002 - 100,002 -
Shares created 400,000 400,002 450,000 100,002
Shares redeemed - - - -
----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 800,002 400,002 550,002 100,002
============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 59
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic Earnings Funds
-----------------------------------------------------------------------------------------
WisdomTree SmallCap Earnings Fund
-----------------------------------------------------------------------------------------
For the For the Period
Six Months Ended February 23,
September 30, 2007*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 67,254 $ 12,367
Net realized gain (loss) on investments (154,760) (47)
Net change unrealized appreciation
(depreciation) on investments (663,459) (209,238)
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations (750,965) (196,918)
=========================================================================================
DIVIDENDS:
Net investment income (59,826) (8,062)
-----------------------------------------------------------------------------------------
Total dividends (59,826) (8,062)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 9,596,358 9,811,839
Cost of shares redeemed - -
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 9,596,358 9,811,839
=========================================================================================
Net Increase (Decrease) in Net Assets 8,785,567 9,606,859
=========================================================================================
NET ASSETS:
Beginning of period $ 9,606,959 $ 100
End of period $18,392,526 $9,606,959
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 11,733 $ 4,305
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 200,002 -
Shares created 200,000 200,002
Shares redeemed - -
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 400,002 200,002
=========================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree Earnings Top 100 Fund WisdomTree Low P/E Fund
----------------------------------------------------------------------------------------------------------------------------
For the For the Period For the For the Period
Six Months Ended February 23, Six Months Ended February 23,
September 30, 2007* September 30, 2007*
2007 through 2007 through
(unaudited) March 31,2007 (unaudited) March 31, 2007
----------------------------------------------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 137,183 $ 50,450 $ 204,234 $ 48,959
Net realized gain (loss) on investments 730,219 (33,550) 565,824 (1,352)
Net change unrealized appreciation
(depreciation) on investments 966,030 (333,421) 820,477 (543,075)
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 1,833,432 (316,521) 1,590,535 (495,468)
============================================================================================================================
DIVIDENDS:
Net investment income (140,837) (35,630) (200,933) (42,210)
----------------------------------------------------------------------------------------------------------------------------
Total dividends (140,837) (35,630) (200,933) (42,210)
============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 2,547,660 25,039,854 15,455,070 25,066,402
Cost of shares redeemed (13,251,265) - (13,106,529) -
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (10,703,605) 25,039,854 2,348,541 25,066,402
============================================================================================================================
Net Increase (Decrease) in Net Assets (9,011,010) 24,687,703 3,738,143 24,528,724
============================================================================================================================
NET ASSETS:
Beginning of period $ 24,687,803 $ 100 $ 24,528,824 $ 100
End of period $ 15,676,793 $24,687,803 $ 28,266,967 $24,528,824
============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 11,166 $ 14,820 $ 10,050 $ 6,749
============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 500,002 - 500,002 -
Shares created 50,000 500,002 300,000 500,002
Shares redeemed (250,000) - (250,000) -
----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 300,002 500,002 550,002 500,002
============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
60 WisdomTree Domestic Earnings Funds
Financial Highlights
WisdomTree Domestic Earnings Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
--------------------------------------------------------------------------------------
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree Total Earnings Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 48.99 $ 49.97
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.40 0.11
Net realized and unrealized gain (loss) 3.00 (1.00)
--------------------------------------------------------------------------------------
Total from investment operations 3.40 (0.89)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.49) (0.09)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.49) (0.09)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 51.90 $ 48.99
======================================================================================
TOTAL RETURN(3) 6.95% (1.79)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 18,164 $ 24,497
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.28%(4) 0.28%(4)
Expenses, prior to expense reimbursements 0.28%(4) 0.35%(4)
Net investment income 1.64%(4) 2.21%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 1%
======================================================================================
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree Earnings 500 Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 48.85 $ 49.77
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.45 0.11
Net realized and unrealized gain (loss) 3.38 (0.94)
--------------------------------------------------------------------------------------
Total from investment operations 3.83 (0.83)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.40) (0.09)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.40) (0.09)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 52.28 $ 48.85
======================================================================================
TOTAL RETURN(3) 7.85% (1.67)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 41,825 $ 19,538
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.28%(4) 0.28%(4)
Expenses prior to expense reimbursements 0.28%(4) 0.37%(4)
Net investment income 1.81%(4) 2.24%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6) 1%
======================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 61
Financial Highlights (continued)
WisdomTree Domestic Earnings Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
--------------------------------------------------------------------------------------
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree MidCap Earnings Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 48.77 $ 50.01
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.25 0.07
Net realized and unrealized gain (loss) 0.45 (1.25)
--------------------------------------------------------------------------------------
Total from investment operations 0.70 (1.18)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.13) (0.06)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.13) (0.06)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 49.34 $ 48.77
======================================================================================
TOTAL RETURN(3) 1.44% (2.37)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,135 $ 4,877
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements 0.38%(4) 0.74%(4)
Net investment income 1.07%(4) 1.47%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 6% 0%(6)
======================================================================================
--------------------------------------------------------------------------------------
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree SmallCap Earnings Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 48.03 $ 50.03
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.25 0.06
Net realized and unrealized loss (2.10) (2.02)
--------------------------------------------------------------------------------------
Total from investments operations (1.85) (1.96)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.20) (0.04)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.20) (0.04)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 45.98 $ 48.03
======================================================================================
TOTAL RETURN(3) (3.87)% (3.92)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 18,393 $ 9,607
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements 0.38%(4) 0.58%(4)
Net investment income 1.03%(4) 1.39%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 9% 0%(6)
======================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
See Notes to Financial Statements.
62 WisdomTree Domestic Earnings Funds
Financial Highlights (concluded)
WisdomTree Domestic Earnings Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
--------------------------------------------------------------------------------------
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree Earnings Top 100 Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.38 $ 50.15
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.41 0.10
Net realized and unrealized gain (loss) 2.99 (0.80)
--------------------------------------------------------------------------------------
Total from investment operations 3.40 (0.70)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.52) (0.07)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.52) (0.07)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 52.26 $ 49.38
======================================================================================
TOTAL RETURN(3) 6.88% (1.39)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 15,677 $ 24,688
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements 0.38%(4) 0.45%(4)
Net investment income 1.64%(4) 2.03%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6) 2%
======================================================================================
--------------------------------------------------------------------------------------
For the Six For the Period
Months Ended February 23, 2007(1)
September 30, 2007 through
WisdomTree Low P/E Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.06 $ 49.99
--------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.46 0.10
Net realized and unrealized gain (loss) 2.36 (0.95)
--------------------------------------------------------------------------------------
Total from investments operations 2.82 (0.85)
--------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income (0.49) (0.08)
--------------------------------------------------------------------------------------
Total dividends to shareholders (0.49) (0.08)
--------------------------------------------------------------------------------------
Net asset value, end of period $ 51.39 $ 49.06
======================================================================================
TOTAL RETURN(3) 5.74% (1.69)%
--------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 28,267 $ 24,529
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4) 0.38%(4)
Expenses, prior to expense reimbursements 0.38%(4) 0.45%(4)
Net investment income 1.85%(4) 1.98%(4)
--------------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 1%
======================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
See Notes to Financial Statements.
WisdomTree Domestic Earnings Funds 63
Notes to Financial Statements (unaudited)
1. ORGANIZATION
WisdomTree Trust (the "Trust") is registered under the Investment Company Act of
1940, as amended (the "1940 Act"), as an open-end management investment company.
The Trust was established as a Delaware statutory trust pursuant to a Trust
Instrument dated December 15, 2005. As of September 30, 2007, the Trust offered
38 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006, with the exception of the international dividend sector funds, domestic
earnings funds, International Real Estate Fund and Emerging Markets
High-Yielding Equity Fund that commenced operations on October 13, 2006,
February 23, 2007, June 5, 2007 and July 13, 2007, respectively.
These financial statements relate only to the WisdomTree Total Earnings Fund
("Total Earnings Fund"), WisdomTree Earnings 500 Fund ("Earnings 500 Fund"),
WisdomTree MidCap Earnings Fund ("MidCap Earnings Fund"), WisdomTree SmallCap
Earnings Fund ("SmallCap Earnings Fund"), WisdomTree Earnings Top 100 Fund
("Earnings Top 100 Fund") and WisdomTree Low P/E Fund ("Low P/E Fund"), together
the "Domestic Earnings Funds".
Each Fund seeks investment returns that closely correspond to the price and
yield performance, before fees and expenses, of a particular index ("Index")
developed by WisdomTree Investments, Inc. ("WisdomTree Investments"). Each Index
consists of equity securities in the market suggested by its name that meet
specific criteria developed by WisdomTree Investments. The securities in each
Index are weighted based on earnings or earnings yield. "WisdomTree" and
"WisdomTree Investments" are service marks of WisdomTree Investments licensed
for use by the Trust. WisdomTree Investments has patent applications pending on
the methodology and operation of its Indexes and the Funds.
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.
The preparation of financial statements in conformity with U.S. Generally
Accepted Accounting Principles ("U.S. GAAP"), requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of increases and decreases in
the net assets from operations during the reporting period. Actual results could
differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Investment Valuation - The Net Asset Value ("NAV") of each Fund's shares is
calculated each day the national securities exchanges are open for trading as of
the close of regular trading on the New York Stock Exchange, generally 4:00 p.m.
New York time. NAV per share is calculated by dividing a Fund's net assets by
the number of Fund shares outstanding. Securities traded on any recognized U.S.
or non-U.S. exchange are valued at the last sale price or official closing price
on the exchange or system on which they are principally traded. Unlisted equity
securities are valued at the last quoted sale price or, if no sale price is
available, at the mean between the most recently quoted bid and asked 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 current market value.
(b) Investment Transactions - Investment transactions are recorded as of the
date that the securities are purchased or sold (trade date). Realized gains and
losses on sales of portfolio securities are calculated using the identified-cost
method.
(c) Investment Income - Dividend income is recognized on the ex-dividend date.
Interest income is accrued daily. The value of additional securities received as
dividend payments is recorded as income and as an increase to the cost basis of
such securities.
(d) Expenses/Reimbursements - WisdomTree Asset Management ("WTAM") has agreed to
pay all expenses of the Trust, except for: (i) brokerage expenses and other
expenses (such as stamp taxes) connected with the execution of portfolio
transactions or in connection with creation and redemption transactions; (ii)
legal fees or expenses in connection with any arbitration, litigation or pending
or threatened arbitration or litigation, including any settlements in connection
therewith; (iii) compensation and expenses of each Independent Trustee; (iv)
compensation and expenses of counsel to the Independent Trustees; (v)
compensation and expenses of the Trust's chief compliance officer; (vi)
extraordinary expenses; (vii) distribution fees and expenses paid by the Trust
under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act;
and (viii) the advisory fee payable to WTAM. Pursuant to a separate contractual
arrangement, WTAM has paid the expenses described in (iii), (iv) and (v) through
July 31, 2007.
64 WisdomTree Domestic Earnings Funds
Notes to Financial Statements (unaudited) (continued)
(e) Security Lending - Each Fund may lend portfolio securities to certain
creditworthy borrowers, including the Funds' securities lending agent. The loans
are collateralized at all times by cash and/or high grade debt obligations in an
amount at least equal to 102% of the market value of domestic securities loaned
(105% in the case of foreign securities loaned) as determined at the close of
business on the preceding business day. Each Fund receives compensation for
lending its securities from interest or dividends earned on the cash or U.S.
government securities held as collateral, net of fee rebates paid to the
borrower plus reasonable administrative and custody fees. The dividend and
interest income earned on the securities loaned is accounted for in the same
manner as other dividend and interest income. The borrower pays to the Funds an
amount equal to any dividends or interest received on loaned securities. The
Funds retain all or a portion of the interest received on investment of cash
collateral or receives a fee from the borrower. Lending portfolio securities
could result in a loss or delay in recovering each Fund's securities if the
borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements
of Operations.
(f) Tax Information and Dividends and Distributions to Shareholders - It is each
Fund's policy to comply with all requirements of the Internal Revenue Code of
1986, as amended ("the Code"). Each Fund intends to qualify for and to elect
treatment as a separate Regulated Investment Company ("RIC") under Subchapter M
of the Code. It is the policy of each Fund to pay out dividends, if any, to
investors at least annually. Taxable net realized gains from investment
transactions, reduced by capital loss carryforwards, if any, are declared and
distributed to shareholders at least annually. The capital loss carryforward
amount, if any, is available to offset future net capital gains. The Funds may
occasionally be required to make supplemental distributions at some other time
during the year. The Trust reserves the right to declare special distributions
if, in its reasonable discretion, such action is necessary or advisable to
preserve the status of each Fund as a RIC or to avoid imposition of income or
excise taxes on undistributed income. Dividends and distributions to
shareholders are recorded on the ex-dividend date. The amount of dividends and
distributions from net investment income and net realized capital gains are
determined in accordance with Federal income tax regulations which may differ
from U.S. GAAP. These "book/tax" differences are either considered temporary or
permanent in nature. To the extent these differences are permanent in nature,
such amounts are reclassified within the components of net assets based on their
federal tax basis treatment; temporary differences do not require
reclassification. Dividends and distributions, which exceed earnings and profit
for tax purposes, are reported as a tax return of capital.
The Funds adopted the provisions of Financial Accounting Standards Board (FASB)
Interpretation No. 48, Accounting for Uncertainty in Income Taxes. This
interpretation prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected to be taken in a
tax return. Foreign taxes are provided for based on each Fund's understanding of
the tax rules and rates that exist in the foreign markets in which it invests.
Taxes are accrued and applied to net investment income, net realized capital
gains and net unrealized appreciation, as applicable, as the income is earned or
capital gains are recorded. 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. Management has evaluated
the application of FIN 48 to the Funds, and has determined that there is no
impact resulting from the adoption of this interpretation on the Funds'
financial statements.
(g) Short-Term Investments - Each Fund may invest a portion of its assets in
high-quality money market instruments on an ongoing basis to provide liquidity
or for other reasons. The instruments in which a Fund may invest include
short-term obligations issued by the U.S. Government, negotiable certificates of
deposit ("CDs"), fixed time deposits and bankers' acceptances of U.S. and
foreign banks and similar institutions, commercial papers, repurchase agreements
and money market funds. CDs are short-term negotiable obligations of commercial
banks. Time deposits are non-negotiable deposits maintained in banking
institutions for specified periods of time at stated interest rates. Banker's
acceptances are time drafts drawn on commercial banks by borrowers, usually in
connection with international transactions.
WisdomTree Domestic Earnings Funds 65
Notes to Financial Statements (unaudited) (continued)
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees - WTAM provides investment management services to each Fund
pursuant to an Investment Advisory Agreement between the Trust and WTAM. As
compensation for services rendered, facilities furnished, and expenses borne by
WTAM, each Fund pays WTAM a fee, as listed below, which is accrued daily and
paid monthly, based on the average daily net assets of the Fund.
--------------------------------------------
Fund Fee Rate
--------------------------------------------
Total Earnings Fund 0.28%
--------------------------------------------
Earnings 500 Fund 0.28%
--------------------------------------------
MidCap Earnings Fund 0.38%
--------------------------------------------
SmallCap Earnings Fund 0.38%
--------------------------------------------
Earnings Top 100 Fund 0.38%
--------------------------------------------
Low P/E Fund 0.38%
--------------------------------------------
Each Fund may purchase shares of an affiliated exchange traded fund(s) in
secondary market transactions. For the six months ended September 30, 2007,
there were no transactions in affiliated ETFs.
Pursuant to a separate contractual arrangement, effective August 1, 2007, WTAM
has arranged for the provision of chief compliance officer ("CCO") services to
the Trust, 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 paid by each Fund of up to 0.0044% of the Fund's average
daily net assets.
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2007, there was an unlimited number of $0.001 par value
shares of beneficial interest authorized by the Trust. Shares are issued and
redeemed by each Fund only in Creation Units or multiples thereof. Except when
aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in shares for each Fund are disclosed in detail in the Statements
of Changes in Net Assets. The consideration for the purchase of Creation Units
of a Fund generally consists of the in-kind contribution of a designated
portfolio of equity securities constituting a portfolio sampling representation
of the securities included in the relevant Fund's underlying index and an amount
of cash. Investors purchasing and redeeming Creation Units may be charged a
purchase transaction fee and a redemption transaction fee to offset transfer and
other transaction costs associated with the issuance and redemption of Creation
Units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions
and short-term investments) for the six months ended September 30, 2007 were as
follows:
-----------------------------------------------------
Fund Purchases Sales
-----------------------------------------------------
Total Earnings Fund $ 115,528 $ 189,664
-----------------------------------------------------
Earnings 500 Fund - 131,929
-----------------------------------------------------
MidCap Earnings Fund 920,907 1,082,867
-----------------------------------------------------
SmallCap Earnings Fund 1,205,209 1,241,342
-----------------------------------------------------
Earnings Top 100 Fund 71,504 99,420
-----------------------------------------------------
Low P/E Fund 135,647 271,873
-----------------------------------------------------
For the six months ended September 30, 2007, the cost of in-kind purchases and
the proceeds from in-kind redemptions were as follows:
--------------------------------------------------------
Fund Purchases Redemptions
--------------------------------------------------------
Total Earnings Fund $ 7,767,184 $15,563,192
--------------------------------------------------------
Earnings 500 Fund 20,801,358 -
--------------------------------------------------------
MidCap Earnings Fund 22,933,745 -
--------------------------------------------------------
SmallCap Earnings Fund 9,572,585 -
--------------------------------------------------------
Earnings Top 100 Fund 2,542,818 13,228,232
--------------------------------------------------------
Low P/E Fund 15,425,764 13,079,904
--------------------------------------------------------
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
66 WisdomTree Domestic Earnings Funds
Notes to Financial Statements (unaudited) (concluded)
6. FEDERAL INCOME TAXES
At September 30, 2007, the cost of investments (including securities on loan)
for Federal income tax purposes was substantially the same as for book purposes,
as indicated below:
------------------------------------------------------------------------------------------------
Net Unrealized
Gross Unrealized Gross Unrealized Appreciation
Fund Tax Cost Appreciation Depreciation (Depreciation)
------------------------------------------------------------------------------------------------
Total Earnings Fund $17,793,464 $1,217,499 $ (870,636) $ 346,863
------------------------------------------------------------------------------------------------
Earnings 500 Fund 40,639,049 2,445,777 (1,455,914) 989,863
------------------------------------------------------------------------------------------------
MidCap Earnings Fund 28,219,461 1,141,544 (2,044,735) (903,191)
------------------------------------------------------------------------------------------------
SmallCap Earnings Fund 19,877,352 1,043,463 (1,916,160) (872,697)
------------------------------------------------------------------------------------------------
Earnings Top 100 Fund 15,295,043 1,501,680 (869,071) 632,609
------------------------------------------------------------------------------------------------
Low P/E Fund 27,937,181 1,668,261 (1,390,859) 277,402
------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On September 15, 2006, the FASB released Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("FAS 157") which provides enhanced
guidance for measuring fair value. The standard requires companies to provide
expanded information about the assets and liabilities measured at fair value and
the potential effect of these fair valuations on an entity's financial
performance. The standard does not expand the use of fair value in any new
circumstances, but provides clarification on acceptable fair valuation methods
and applications. Adoption of FAS 157 is required for fiscal years beginning
after November 15, 2007 and interim periods within those fiscal years. At this
time, management does not believe the adoption of FAS 157 will impact the
amounts reported in the financial statements; however, additional disclosures
will be required about the inputs used to develop the measurements of fair value
and the effect of certain measurements reported in the Statements of Operations
for the fiscal period.
8. SUBSEQUENT EVENT
Effective October 30, 2007, the Trust launched the WisdomTree Emerging Markets
SmallCap Dividend Fund (DGS). The Fund has an expense ratio of 0.63%.
WisdomTree Domestic Earnings Funds 67
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net
asset value ("NAV") of each Fund and the market trading price of shares of each
Fund. For these purposes, the "market price" is the mid-point of the highest bid
and lowest offer for Fund shares as of the close of trading on the exchange
where Fund shares are listed. The term "premium" is sometimes used to describe a
market price in excess of NAV and the term "discount" is sometimes used to
describe a market price below NAV. The chart presents information about the size
and frequency of premiums or discounts. As with other exchange traded funds, the
market price of Fund shares is typically slightly higher or lower than the
Fund's per share NAV. Factors that contribute to the differences between market
price and NAV include the supply and demand for Fund shares and investors'
assessments of the underlying value of a Fund's portfolio securities.
------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage of
Differential of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------
WisdomTree Total Earnings Fund
April 1, 2007 - September 30, 2007 0 - 24.9 42 33.34% 83 65.87%
---------------------------------------------------------------
25 - 49.9 0 0.00% 0 0.00%
---------------------------------------------------------------
50 - 74.9 1 0.79% 0 0.00%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
Total 43 34.13% 83 65.87%
======================================================================================================
WisdomTree Earnings 500 Fund
April 1, 2007 - September 30, 2007 0 - 24.9 46 36.51% 76 60.32%
---------------------------------------------------------------
25 - 49.9 2 1.59% 1 0.79%
---------------------------------------------------------------
50 - 74.9 1 0.79% 0 0.00%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
Total 49 38.89% 77 61.11%
======================================================================================================
WisdomTree MidCap Earnings Fund
April 1, 2007 - September 30, 2007 0 - 24.9 61 48.41% 60 47.62%
---------------------------------------------------------------
25 - 49.9 2 1.59% 2 1.59%
---------------------------------------------------------------
50 - 74.9 1 0.79% 0 0.00%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
Total 64 50.79% 62 49.21%
======================================================================================================
WisdomTree SmallCap Earnings Fund
April 1, 2007 - September 30, 2007 0 - 24.9 50 39.68% 67 53.18%
---------------------------------------------------------------
25 - 49.9 0 0.00% 6 4.76%
---------------------------------------------------------------
50 - 74.9 2 1.59% 1 0.79%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
Total 52 41.27% 74 58.73%
======================================================================================================
WisdomTree Earnings Top 100 Fund
April 1, 2007 - September 30, 2007 0 - 24.9 48 38.10% 76 60.32%
---------------------------------------------------------------
25 - 49.9 0 0.00% 0 0.00%
---------------------------------------------------------------
50 - 74.9 1 0.79% 1 0.79%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
Total 49 38.89% 77 61.11%
======================================================================================================
WisdomTree Low P/E Fund
April 1, 2007 - September 30, 2007 0 - 24.9 42 33.34% 82 65.08%
---------------------------------------------------------------
25 - 49.9 1 0.79% 0 0.00%
---------------------------------------------------------------
50 - 74.9 0 0.00% 0 0.00%
---------------------------------------------------------------
75 - 100.0 0 0.00% 0 0.00%
---------------------------------------------------------------
>100.0 1 0.79% 0 0.00%
---------------------------------------------------------------
Total 44 34.92% 82 65.08%
======================================================================================================
68 WisdomTree Domestic Earnings Funds
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine
how to vote proxies related to each Fund's portfolio securities, and information
on how the Trust voted proxies during the period ended June 30, 2007, is
available without charge, upon request, (i) by calling 1-866-909-WISE; (ii) on
the Trust's website at www.wisdomtree.com; and (iii) on the Securities and
Exchange Commission's ("SEC") website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings
with the SEC for their first and third fiscal quarters on Form N-Q. Copies of
the filings are available without charge, upon request on the SEC's website at
www.sec.gov and are available by calling the Trust at 1-866-909-WISE. You can
also obtain copies of Form N-Q by (i) visiting the SEC's Public Reference Room
in Washington, DC (information on the operation of the Public Reference Room may
be obtained by calling 1-800-SEC-0330); (ii) sending your request and a
duplicating fee to the SEC's Public Reference Room, Washington, DC 20549-0102;
or (iii) sending your request electronically to publicinfosec. gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com
The Fund's Statement of Additional Information ("SAI") has additional
information about the Funds' Trustees and Officers and is available without
charge upon request. Contact your financial representative for a free prospectus
or SAI.
WisdomTree Domestic Earnings Funds 69
The WisdomTree Trust
Investment Adviser
WisdomTree Asset Management, Inc.
48 Wall Street, Suite 1100
New York, NY 10005
Investment Sub-Adviser
BNY Investment Advisors
1633 Broadway
New York, NY 10019
Administrator, Custodian & Transfer Agent
The Bank of New York
101 Barclay Street
New York, NY 10286
Distributor
ALPS Distributors, Inc.
1290 Broadway
Suite 1100
Denver, CO 80203
Independent Registered Public Accounting Firm
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Ropes & Gray LLP
1211 Avenue of the Americas
New York, NY 10036
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols as of September 30, 2007:
WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree High-Yielding Equity Fund (DHS)
WisdomTree Large Cap Dividend Fund (DLN)
WisdomTree Dividend Top 100 Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA High-Yielding Equity Fund (DTH)
WisdomTree Europe Total Dividend Fund (DEB)
WisdomTree Europe High-Yielding Equity Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan High-Yielding Equity Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend Top 100 Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Emerging Markets High-Yielding Equity Fund (DEM)
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Material Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree Domestic Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
The WisdomTree Funds are exchange traded funds ("ETFs") registered with the
United States Securities and Exchange Commission ("SEC") as series of WisdomTree
Trust ("Trust"). WisdomTree Asset Management, Inc., a wholly owned subsidiary of
WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree
Trust. None of the WisdomTree entities are affiliated with ALPS Distributors,
Inc., the Funds' distributor. WisdomTree Investments, its affiliates and their
independent providers are not liable for any informational errors,
incompleteness, or delays, or for any actions taken in reliance on information
contained herein.
Investors should consider the investment objectives, risks, charges and expenses
of the funds carefully before investing. A prospectus, containing this and other
information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE
(9473). Investors should read the prospectus carefully before investing. There
are risks associated with investing, including possible loss of principal. Past
performance does not guarantee future results. Indexes are unmanaged and you can
not invest directly in an index.
In addition to the normal risks associated with investing, foreign investing
involves special risks, such as risk of loss from currency fluctuation or
political or economic uncertainty. Funds focusing on a single country, sector,
and/or funds that emphasize investments in smaller companies may experience
greater price volatility. Investments in real estate involve additional special
risks, such as credit risk, interest rate fluctuations and the effect of varied
economic conditions. 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.
[LOGO]
WISDOMTREE
Fundamental ETFs
48 Wall Street, Suite 1100
New York, NY 10005
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree Domestic Earnings ETFs
WisdomTree Total Earnings Fund
WisdomTree Earnings 500 Fund
WisdomTree MidCap Earnings Fund
WisdomTree SmallCap Earnings Fund
WisdomTree Earnings Top 100 Fund
WisdomTree Low P/E Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS000885 (11/2008)
[LOGO]
WISDOMTREE
Fundamental ETFs
WisdomTree Trust
International Dividend Funds
--------------------------------------------------------------------------------
Semi-Annual Report
September 30, 2007
WisdomTree DEFA Fund
WisdomTree DEFA High-Yielding Equity Fund
WisdomTree Europe Total Dividend Fund
WisdomTree Europe High-Yielding Equity Fund
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Japan Total Dividend Fund
WisdomTree Japan High-Yielding Equity Fund
WisdomTree Japan SmallCap Dividend Fund
WisdomTree Pacific ex-Japan Total Dividend Fund
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
WisdomTree International LargeCap Dividend Fund
WisdomTree International Dividend Top 100(SM) Fund
WisdomTree International MidCap Dividend Fund
WisdomTree International SmallCap Dividend Fund
WisdomTree International Real Estate Fund
WisdomTree Emerging Markets High-Yielding Equity Fund
Table of Contents
Letter to Shareholders ............................................. 1
Performance Summaries .............................................. 3
Shareholder Expense Examples ....................................... 19
Schedules of Investments
WisdomTree DEFA Fund .............................................. 21
WisdomTree DEFA High-Yielding Equity Fund ......................... 28
WisdomTree Europe Total Dividend Fund ............................. 33
WisdomTree Europe High-Yielding Equity Fund ....................... 38
WisdomTree Europe SmallCap Dividend Fund .......................... 40
WisdomTree Japan Total Dividend Fund .............................. 45
WisdomTree Japan High-Yielding Equity Fund ........................ 50
WisdomTree Japan SmallCap Dividend Fund ........................... 54
WisdomTree Pacific ex-Japan Total Dividend Fund ................... 60
WisdomTree Pacific ex-Japan High-Yielding Equity Fund ............. 63
WisdomTree International LargeCap Dividend Fund ................... 65
WisdomTree International Dividend Top 100 Fund .................... 69
WisdomTree International MidCap Dividend Fund ..................... 71
WisdomTree International SmallCap Dividend Fund ................... 77
WisdomTree International Real Estate Fund ......................... 85
WisdomTree Emerging Markets High-Yielding Equity Fund ............. 88
Statements of Assets and Liabilities ............................... 91
Statements of Operations ........................................... 94
Statements of Changes in Net Assets ................................ 97
Financial Highlights ............................................... 102
Notes to the Financial Statements .................................. 110
Approval of Investment Advisory and Sub-Advisory Agreement ......... 115
Frequency Distribution of Discounts & Premiums ..................... 116
General Information ................................................ 119
"WisdomTree", "WisdomTree Investments" and "Dividend Top 100" are service marks
of WisdomTree Investments, Inc. and are licensed for use by the Trust.
Letter to Shareholders
Dear Shareholders:
It is a pleasure to report to you on the progress of the WisdomTree Trust for
the six-month period ended September 30, 2007.
WisdomTree is committed to providing investors with viable alternatives to
cap-weighted index funds. Two recent launches underscore our intention to serve
investors in unique ways. In June, the company launched the first fundamentally
weighted international real estate exchange traded fund (DRW). In July,
WisdomTree listed the first fundamentally weighted emerging markets ETF (DEM),
comprised of dividend-paying companies selected from 19 emerging market nations.
When combined with WisdomTree's 14 developed market ETFs and 10 pure non-U.S.
sector ETFs, our international offerings stood at 26 as of September 30, 2007,
distinguishing WisdomTree's international line-up as one of the most
comprehensive in the industry today. As of September 30, 2007, WisdomTree Trust
assets totaled $4.4 billion, with approximately 71% of total assets under
management invested in WisdomTree's international product set.
The highest returns over this six-month period were generated outside the U.S.
Equity markets in the Pacific region excluding Japan showed the greatest
strength relative to other parts of the developed market, while Japanese equity
markets continued to lag. WisdomTree's best-performing fund was its Pacific
ex-Japan Total Dividend Fund (DND), which returned 24.40% for the six-month
period ended September 30, 2007. The WisdomTree Japan High-Yielding Equity Fund
(DNL), which lost 5.74% for the period, was WisdomTree's worst performing fund
over this time frame. However, WisdomTree's broadest international ETF, the
WisdomTree DEFA Fund (DWM), benefited from Japan's relative weakness. DWM, which
is underweight Japanese stocks relative to the MSCI EAFE Index, returned 10.63%
for the period, surpassing the MSCI EAFE Index by 1.91 percentage points for the
six-month period ended September 30, 2007.*
On the domestic front, WisdomTree's fundamentally-weighted ETFs ran into two
head winds: weakness in the financial and real estate industries, coupled with
the re-emergence of growth stocks. Buffeted by investor concerns over exposure
to sub-prime housing loans, financial stocks have been the worst performing
sector of the U.S. economy in 2007. The weakness in financials contributed to
value stocks, measured by the Russell 3000 Value Index, underperforming growth
stocks, measured by the Russell 3000 Growth Index, for first time since 1999.
Specific performance information for WisdomTree's funds, relative to their
underlying WisdomTree index and a comparable benchmark, is provided in the pages
that follow.
Thank you for your continued support.
Best regards,
/s/ Jonathan Steinberg
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
The sources and forecasts expressed are as of September 30, 2007 and may not
actually come to pass. This information is subject to change at any time based
on market and other conditions and should not be construed as a recommendation
of any specific security.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
* Performance Information for the MSCI EAFE Index assumed the reinvestment
of net dividends and excludes management fees, transaction costs and
expenses. You cannot invest directly in an index.
WisdomTree International Dividend Funds 1
Letter to Shareholders (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.
The MSCI EAFE Index is a market cap-weighted index composed of company's
representative of the developed market structure of 21 developed countries in
Europe, Australasia and Japan.
The Russell 3000 Value Index measures the performance of those Russell 3000
Index companies with lower price-to-book ratios and lower forecasted growth
values.
The Russell 3000 Growth Index measures the performance of those Russell 3000
Index companies with higher price-to-book ratios and higher forecasted growth
values.
2 WisdomTree International Dividend Funds
Performance Summary
WisdomTree DEFA Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 31.3%
Consumer Non-Cyclical 13.7%
Communications 13.2%
Energy 9.4%
Consumer Cyclical 8.0%
Utilities 7.9%
Industrials 7.3%
Basic Materials 6.4%
Diversified 1.1%
Technology 0.9%
Other 0.8%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
HSBC Holdings PLC 1.9%
--------------------------------------------------
Eni SpA 1.7%
--------------------------------------------------
Telefonica, S.A. 1.7%
--------------------------------------------------
TOTAL S.A. 1.6%
--------------------------------------------------
BP PLC 1.6%
--------------------------------------------------
Vodafone Group PLC 1.6%
--------------------------------------------------
Banco Santander Central Hispano S.A. 1.6%
--------------------------------------------------
China Mobile Ltd. 1.3%
--------------------------------------------------
Deutsche Telekom AG 1.2%
--------------------------------------------------
Royal Dutch Shell PLC Class A 1.1%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Dividend Index of Europe, Far East Asia and Australasia (DEFA) Fund
seeks investment results that closely correspond to the price and yield
performance, before fees and expenses, of the WisdomTree Dividend Index of
Europe, Far East Asia and Australasia Index (WisdomTree DEFA Index).
The WisdomTree DEFA Fund (DWM) returned 10.63% at NAV, for the six month period
ending September 30, 2007 (for more complete performance information, please see
below). Telecommunication Services contributed most significantly to this
performance; the industry comprised on average 10.13% of the Fund and returned
27.38% over the period. China Mobile Ltd. was the top contributor to the
performance for the period. Health Care was the biggest detractor to the Fund
for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.48%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Average Annual Total Return
-----------------------------------------------------------------------------------------
WisdomTree
Net Asset Value Market Price DEFA Index MSCI EAFE Index
-----------------------------------------------------------------------------------------
Six Month* 10.63% 10.34% 9.68% 8.72%
-----------------------------------------------------------------------------------------
One Year 29.27% 28.68% 29.08% 24.94%
-----------------------------------------------------------------------------------------
Since Inception(1) 31.69% 31.98% 31.86% 27.29%
-----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 3
Performance Summary
WisdomTree DEFA High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 42.5%
Communications 15.0%
Energy 11.3%
Consumer Non-Cyclical 9.7%
Utilities 9.2%
Industrials 3.7%
Consumer Cyclical 3.5%
Basic Materials 3.1%
Technology 0.5%
Diversified 0.5%
Other 1.0%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
HSBC Holdings PLC 3.2%
--------------------------------------------------
Vodafone Group PLC 3.1%
--------------------------------------------------
TOTAL S.A. 2.9%
--------------------------------------------------
BP PLC 2.8%
--------------------------------------------------
Eni SpA 2.4%
--------------------------------------------------
Telefonica, S.A. 2.1%
--------------------------------------------------
Royal Dutch Shell PLC Class A 2.1%
--------------------------------------------------
Banco Santander Central Hispano S.A. 2.0%
--------------------------------------------------
Banca Intesa SpA 1.9%
--------------------------------------------------
GlaxoSmithKline PLC 1.9%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree DEFA High-Yielding Equity Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree DEFA High-Yielding Equity Index.
The WisdomTree DEFA High-Yielding Equity Fund (DTH) returned 8.72% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Telecommunication Services contributed most
significantly to this performance; the industry comprised on average 11.77% of
the Fund and returned 22.46% over the period. Vodafone Group PLC was the top
contributor to the performance for the period. Consumer Discretionary was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree
DEFA
High-Yielding MSCI EAFE
Net Asset Value Market Price Equity Index Value Index
----------------------------------------------------------------------------------------
Six Month* 8.72% 8.04% 9.33% 6.16%
----------------------------------------------------------------------------------------
One Year 26.36% 26.15% 28.90% 22.00%
----------------------------------------------------------------------------------------
Since Inception(1) 29.51% 29.38% 32.08% 26.14%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
4 WisdomTree International Dividend Funds
Performance Summary
WisdomTree Europe Total Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 32.3%
Consumer Non-Cyclical 15.4%
Communications 12.7%
Energy 11.3%
Utilities 9.4%
Industrials 6.7%
Consumer Cyclical 5.6%
Basic Materials 4.8%
Technology 0.7%
Diversified 0.6%
Other 0.5%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
HSBC Holdings PLC 2.5%
--------------------------------------------------
Vodafone Group PLC 2.4%
--------------------------------------------------
TOTAL S.A. 2.3%
--------------------------------------------------
Eni SpA 2.2%
--------------------------------------------------
BP PLC 2.2%
--------------------------------------------------
Royal Dutch Shell PLC Class A 1.7%
--------------------------------------------------
Banco Santander Central Hispano S.A. 1.6%
--------------------------------------------------
Telefonica, S.A. 1.4%
--------------------------------------------------
Lloyds TSB Group PLC 1.4%
--------------------------------------------------
GlaxoSmithKline PLC 1.4%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Europe Total Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Europe Dividend Index.
The WisdomTree Europe Total Dividend Fund (DEB) returned 9.38% at NAV, for the
six month period ending September 30, 2007 (for more complete performance
information, please see below). Energy contributed most significantly to this
performance; the sector comprised on average 10.95% of the Fund and returned
18.35% over the period. Vodafone Group PLC was the top contributor to the
performance for the period. Health Care was the biggest detractor to the Fund
for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.48%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------------
Average Annual Total Return
-----------------------------------------------------------------------------------------------
WisdomTree
Europe
Net Asset Value Market Price Dividend Index MSCI Europe Index
-----------------------------------------------------------------------------------------------
Six Month* 9.38% 9.41% 8.29% 10.14%
-----------------------------------------------------------------------------------------------
One Year 25.92% 25.80% 27.32% 27.59%
-----------------------------------------------------------------------------------------------
Since Inception(1) 29.67% 29.66% 31.75% 31.48%
-----------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 5
Performance Summary
WisdomTree Europe High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 43.4%
Communications 16.3%
Energy 13.4%
Consumer Non-Cyclical 10.2%
Utilities 9.4%
Basic Materials 2.3%
Industrials 2.2%
Consumer Cyclical 2.0%
Diversified 0.1%
Other 0.7%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
Vodafone Group PLC 4.4%
--------------------------------------------------
HSBC Holdings PLC 4.3%
--------------------------------------------------
BP PLC 3.7%
--------------------------------------------------
TOTAL S.A. 3.5%
--------------------------------------------------
Eni SpA 3.5%
--------------------------------------------------
Telefonica, S.A. 3.0%
--------------------------------------------------
Banca Intensa SpA 2.9%
--------------------------------------------------
Banco Santander Central Hispano, S.A. 2.7%
--------------------------------------------------
Enel SpA 2.7%
--------------------------------------------------
Royal Dutch Shell PLC Class A 2.7%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Europe High-Yielding Equity Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree Europe High-Yielding Equity Index.
The WisdomTree Europe High-Yielding Equity Fund (DEW) returned 7.71% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Telecommunication Services contributed most
significantly to this performance; the industry comprised on average 14.30% of
the Fund and returned 26.36% over the period. Vodafone Group PLC was the top
contributor to the performance for the period. Consumer Discretionary was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree
Europe
High-Yielding MSCI Europe
Net Asset Value Market Price Equity Index Value Index
----------------------------------------------------------------------------------------
Six Month* 7.71% 7.73% 7.20% 8.53%
----------------------------------------------------------------------------------------
One Year 23.40% 23.30% 23.79% 23.97%
----------------------------------------------------------------------------------------
Since Inception(1) 27.78% 27.55% 28.67% 29.86%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
6 WisdomTree International Dividend Funds
Performance Summary
WisdomTree Europe SmallCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Industrials 27.1%
Financials 20.5%
Consumer Non-Cyclical 18.4%
Consumer Cyclical 16.5%
Communications 5.5%
Technology Basic 4.3%
Materials 4.0%
Diversified 1.4%
Energy 1.1%
Utilities 0.4%
Other 0.8%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
Orion Oyj Class B 2.3%
------------------------------------------------
Kungsleden Fastighets AB 1.8%
------------------------------------------------
D. Carnegie & Co. AB 1.3%
------------------------------------------------
F&C Asset Management PLC 1.3%
------------------------------------------------
Brit Insurance Holdings PLC 1.3%
------------------------------------------------
Euronav N.V. 1.2%
------------------------------------------------
BW Gas ASA 1.0%
------------------------------------------------
OCE N.V. 0.9%
------------------------------------------------
Acta Holdings ASA 0.9%
------------------------------------------------
Axfood AB 0.9%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Europe SmallCap Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Europe SmallCap Dividend Index.
The WisdomTree Europe SmallCap Dividend Fund (DFE) returned -0.48% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 27.57% of the Fund and
returned 4.02% over the period. Cie Maritime Belge was the top contributor to
the performance for the period. Financials was the biggest detractor to the Fund
for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
--------------------------------------------------------------------------------------------
Average Annual Total Return
--------------------------------------------------------------------------------------------
WisdomTree
Europe
SmallCap MSCI Europe
Net Asset Value Market Price Dividend Index SmallCap Index
--------------------------------------------------------------------------------------------
Six Month* (0.48)% (1.54)% (0.23)% (0.03)%
--------------------------------------------------------------------------------------------
One Year 26.35% 24.62% 26.04% 26.90%
--------------------------------------------------------------------------------------------
Since Inception(1) 29.40% 27.65% 29.98% 28.11%
--------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 7
Performance Summary
WisdomTree Japan Total Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------------
[PIE CHART]
Consumer Cyclical 28.2%
Industrials 16.6%
Financials 12.6%
Consumer Non-Cyclical Basic 11.4%
Materials 11.0%
Communications 6.7%
Utilities 6.2%
Technology 5.0%
Energy 1.7%
Other 0.6%
---------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
Toyota Motor Corp. 7.1%
------------------------------------------------
NTT DoCoMo, Inc. 3.0%
------------------------------------------------
Nissan Motor Co., Ltd. 2.3%
------------------------------------------------
Nippon Telegraph & Telephone Corp. 2.2%
------------------------------------------------
Takeda Pharmaceutical Co., Ltd. 2.2%
------------------------------------------------
Honda Motor Co., Ltd. 2.2%
------------------------------------------------
JFE Holdings, Inc. 1.7%
------------------------------------------------
Canon Inc. 1.6%
------------------------------------------------
Nippon Steel Corp. 1.6%
------------------------------------------------
Nomura Holdings, Inc. 1.6%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Japan Total Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Japan Dividend Index.
The WisdomTree Japan Total Dividend Fund (DXJ) returned -3.11% at NAV, for the
six month period ending September 30, 2007 (for more complete performance
information, please see below). Industrials contributed most significantly to
this performance; the sector comprised on average 17.32% of the Fund and
returned 10.62% over the period. Mitsubishi Corp. was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.48%.
Performance as of 9/30/07
---------------------------------------------------------------------------------------------
Average Annual Total Return
---------------------------------------------------------------------------------------------
WisdomTree
Japan Dividend
Net Asset Value Market Price Index MSCI Japan Index
---------------------------------------------------------------------------------------------
Six Month* (3.11)% (4.03)% (3.49)% (1.50)%
---------------------------------------------------------------------------------------------
One Year 6.51% 5.45% 6.75% 7.09%
---------------------------------------------------------------------------------------------
Since Inception(1) 7.80% 7.44% 7.76% 8.50%
---------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
8 WisdomTree International Dividend Funds
Performance Summary
WisdomTree Japan High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Consumer Cyclical 22.6%
Basic Materials 15.6%
Consumer Non-Cyclical 13.9%
Utilities 11.9%
Communications 11.2%
Financials 10.0%
Industrials 8.8%
Energy 3.1%
Technology 2.2%
Other 0.7%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-----------------------------------------------------
Description % of Net Assets
-----------------------------------------------------
NTT DoCoMo, Inc. 8.9%
-----------------------------------------------------
Honda Motor Co., Ltd. 7.3%
-----------------------------------------------------
Nissan Motor Co., Ltd. 7.1%
-----------------------------------------------------
JFE Holdings, Inc. 5.8%
-----------------------------------------------------
Nomura Holdings, Inc. 5.4%
-----------------------------------------------------
Nippon Steel Corp. 5.0%
-----------------------------------------------------
Kansai Electric Power Co., Inc. (The) 3.3%
-----------------------------------------------------
Astellas Pharma, Inc. 2.7%
-----------------------------------------------------
Chubu Electric Power Co., Inc. 2.6%
-----------------------------------------------------
Daiichi Sankyo Co., Ltd. 2.5%
-----------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Japan High-Yielding Equity Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Japan High-Yielding Equity Index.
The WisdomTree Japan High-Yielding Equity Fund (DNL) returned -5.74% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Technology contributed most significantly to
this performance; the sector comprised on average 6.86% of the Fund and returned
13.62% over the period. JFE Holdings, Inc. was the top contributor to the
performance for the period. Utilities were the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree
Japan
High-Yielding MSCI Japan
Net Asset Value Market Price Equity Index Value Index
----------------------------------------------------------------------------------------
Six Month* (5.74)% (6.63)% (5.64)% (3.97)%
----------------------------------------------------------------------------------------
One Year 7.92% 7.04% 8.37% 9.57%
----------------------------------------------------------------------------------------
Since Inception(1) 9.46% 9.31% 10.00% 11.31%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 9
Performance Summary
WisdomTree Japan SmallCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Industrials 27.7%
Consumer Cyclical 26.2%
Consumer Non-Cyclical 15.7%
Financials 12.0%
Basic Materials 11.2%
Technology 4.0%
Communications 2.1%
Utilities 0.4%
Energy 0.2%
Other 0.5%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-----------------------------------------------------
Description % of Net Assets
-----------------------------------------------------
Matsui Securities Co., Ltd. 0.9%
-----------------------------------------------------
Tokai Tokyo Securities Co., Ltd. 0.9%
-----------------------------------------------------
Bosch Corp. 0.8%
-----------------------------------------------------
Hitachi Koki Co., Ltd. 0.8%
-----------------------------------------------------
Nippon Kayaku Co., Ltd. 0.8%
-----------------------------------------------------
Minebea Co., Ltd. 0.8%
-----------------------------------------------------
Daiichi Chuo Kisen Kaisha 0.7%
-----------------------------------------------------
Air Water, Inc. 0.7%
-----------------------------------------------------
Ebara Corp. 0.7%
-----------------------------------------------------
Okasan Holdings, Inc. 0.7%
-----------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Japan SmallCap Dividend Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree Japan SmallCap Dividend Index.
The WisdomTree Japan SmallCap Dividend Fund (DFJ) returned -4.95% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Technology contributed most significantly to
this performance; the sector comprised on average 11.88% of the Fund and
returned 0.79% over the period. DAIICHI CHUO KISEN KAISHA was the top
contributor to the performance for the period. Financials was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
--------------------------------------------------------------------------------------------
Average Annual Total Return
--------------------------------------------------------------------------------------------
WisdomTree
Japan MSCI Japan
Net Asset Value Market Price SmallCap Index SmallCap Index
--------------------------------------------------------------------------------------------
Six Month* (4.95)% (5.22)% (5.05)% (9.88)%
--------------------------------------------------------------------------------------------
One Year -0.38% -0.66% 0.52% -6.26%
--------------------------------------------------------------------------------------------
Since Inception(1) -1.38% -0.43% -1.01% -8.25%
--------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
10 WisdomTree International Dividend Funds
Performance Summary
WisdomTree Pacific ex-Japan Total Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 38.7%
Communications 19.5%
Basic Materials 8.8%
Industrials 8.4%
Consumer Non-Cyclical 5.9%
Energy 5.8%
Consumer Cyclical 5.3%
Diversified 3.7%
Utilities 2.4%
Technology 0.3%
Other 1.2%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-------------------------------------------------
Description % of Net Assets
-------------------------------------------------
China Mobile Ltd. 8.2%
-------------------------------------------------
Commonwealth Bank of Australia 5.1%
-------------------------------------------------
National Australia Bank Ltd. 4.2%
-------------------------------------------------
Telstra Corp. Ltd. 4.1%
-------------------------------------------------
Australia & New Zealand
Banking Group Ltd. 3.6%
-------------------------------------------------
BHP Billiton Ltd. 3.6%
-------------------------------------------------
Westpac Banking Corp. 3.5%
-------------------------------------------------
CNOOC Ltd. 2.5%
-------------------------------------------------
Singapore Telecommunications Ltd. 2.1%
-------------------------------------------------
Hang Seng Bank Ltd. 2.1%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Pacific ex-Japan Total Dividend Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree Pacific ex-Japan Dividend Index.
The WisdomTree Pacific ex-Japan Total Dividend Fund (DND) returned 24.40% at
NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Financials contributed most
significantly to this performance; the sector comprised on average 41.32% of the
Fund and returned 18.72% over the period. China Mobile Ltd. was the top
contributor to the performance for the period. Information Technology was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.48%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------------
WisdomTree
Pacific ex-Japan MSCI Pacific
Net Asset Value Market Price Dividend Index ex-Japan Index
----------------------------------------------------------------------------------------------
Six Month* 24.40% 24.29% 25.47% 23.83%
----------------------------------------------------------------------------------------------
One Year 56.90% 57.06% 59.02% 55.32%
----------------------------------------------------------------------------------------------
Since Inception(1) 50.99% 51.82% 52.95% 48.42%
----------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 11
Performance Summary
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 52.8%
Communications 13.6%
Industrials 11.2%
Consumer Non-Cyclical 7.6%
Basic Materials 6.5%
Consumer Cyclical 5.3%
Energy 1.1%
Utilities 0.3%
Technology 0.3%
Other 1.3%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-------------------------------------------------
Description % of Net Assets
-------------------------------------------------
Commonwealth Bank of Australia 9.0%
-------------------------------------------------
Westpac Banking Corp. 8.1%
-------------------------------------------------
Australia & New Zealand
Banking Group Ltd. 7.8%
-------------------------------------------------
National Australia Bank Ltd. 7.8%
-------------------------------------------------
Telstra Corp. Ltd. 7.5%
-------------------------------------------------
Hang Seng Bank Ltd. 5.0%
-------------------------------------------------
Wesfarmers Ltd. 4.0%
-------------------------------------------------
Suncorp-Metway Ltd. 3.7%
-------------------------------------------------
St.George Bank Ltd. 3.2%
-------------------------------------------------
AMP Ltd. 2.8%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Pacific ex-Japan High-Yielding Equity Fund seeks investment results
that closely correspond to the price and yield performance, before fees and
expenses, of the WisdomTree Pacific ex-Japan High-Yielding Equity Index.
The WisdomTree Pacific ex-Japan High-Yielding Equity Fund (DNH) returned 14.71%
at NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Financials contributed most
significantly to this performance; the sector comprised on average 48.97% of the
Fund and returned 17.55% over the period. Commonwealth Bank of Australia was the
top contributor to the performance for the period. Health Care was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
--------------------------------------------------------------------------------------------
Average Annual Total Return
--------------------------------------------------------------------------------------------
WisdomTree
Pacific ex-Japan MSCI Pacific
High-Yielding ex-Japan
Net Asset Value Market Price Equity Index Value Index
--------------------------------------------------------------------------------------------
Six Month* 14.71% 14.37% 14.84% 15.04%
--------------------------------------------------------------------------------------------
One Year 47.21% 47.03% 48.44% 41.54%
--------------------------------------------------------------------------------------------
Since Inception(1) 42.77% 43.06% 43.93% 39.58%
--------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
12 WisdomTree International Dividend Funds
Performance Summary
WisdomTree International LargeCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 35.7%
Communications 14.5%
Consumer Non-Cyclical 12.6%
Energy 11.4%
Utilities 8.7%
Industrials 5.2%
Consumer Cyclical 5.0%
Basic Materials 4.9%
Diversified 0.7%
Technology 0.4%
Other 0.9%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
HSBC Holdings PLC 2.6%
--------------------------------------------------
TOTAL S.A. 2.4%
--------------------------------------------------
Eni SpA 2.2%
--------------------------------------------------
BP PLC 2.2%
--------------------------------------------------
Vodafone Group PLC 2.1%
--------------------------------------------------
China Mobile Ltd. 2.0%
--------------------------------------------------
Banco Santander Central Hispano, S.A. 1.8%
--------------------------------------------------
Telefonica S.A. 1.8%
--------------------------------------------------
ABN AMRO Holding N.V. 1.7%
--------------------------------------------------
Royal Dutch Shell PLC Class A 1.7%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International LargeCap Dividend Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International LargeCap Dividend Index.
The WisdomTree International LargeCap Dividend Fund (DOL) returned 11.73% at
NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Telecommunication Services
contributed most significantly to this performance; the industry comprised on
average 12.05% of the Fund and returned 26.72% over the period. China Mobile
Ltd. was the top contributor to the performance for the period. Health Care was
the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.48%.
Performance as of 9/30/07
---------------------------------------------------------------------------------------------
Average Annual Total Return
---------------------------------------------------------------------------------------------
WisdomTree
International
LargeCap
Net Asset Value Market Price Dividend Index MSCI EAFE Index
---------------------------------------------------------------------------------------------
Six Month* 11.73% 11.59% 11.52% 8.72%
---------------------------------------------------------------------------------------------
One Year 27.80% 27.99% 29.36% 24.94%
---------------------------------------------------------------------------------------------
Since Inception(1) 30.42% 30.18% 31.98% 27.29%
---------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 13
Performance Summary
WisdomTree International Dividend Top 100 Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 51.3%
Communications 16.9%
Utilities 10.6%
Consumer Non-Cyclical 8.1%
Energy 6.9%
Industrials 1.8%
Consumer Cyclical 1.8%
Basic Materials 1.7%
Other 0.9%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-------------------------------------------
Description % of Net Assets
-------------------------------------------
Banca Intesa SpA 2.1%
-------------------------------------------
Telstra Corp. Ltd. 2.0%
-------------------------------------------
Lloyds TSB Group PLC 1.8%
-------------------------------------------
Commonwealth Bank of Australia 1.7%
-------------------------------------------
Enel SpA 1.7%
-------------------------------------------
St.George Bank Ltd. 1.7%
-------------------------------------------
Suncorp-Metway Ltd. 1.7%
-------------------------------------------
Westpac Banking Corp. 1.7%
-------------------------------------------
Telecom Italia SpA 1.7%
-------------------------------------------
Australia & New Zealand
Banking Group Ltd. 1.5%
-------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Dividend Top 100 Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Dividend Top 100 Index.
The WisdomTree International Dividend Top 100 Fund (DOO) returned 9.30% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Telecommunication Services
contributed most significantly to this performance; the industry comprised on
average 15.94% of the Fund and returned 16.99% over the period. CNOOC Ltd. was
the top contributor to the performance for the period. Health Care was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------
Average Annual Total Return
----------------------------------------------------------------------------------------
WisdomTree
International
Dividend MSCI EAFE
Net Asset Value Market Price Top 100 Index Value Index
----------------------------------------------------------------------------------------
Six Month* 9.30% 9.11% 10.09% 6.16%
----------------------------------------------------------------------------------------
One Year 30.33% 30.68% 32.32% 22.00%
----------------------------------------------------------------------------------------
Since Inception(1) 34.28% 34.07% 36.12% 26.14%
----------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
14 WisdomTree International Dividend Funds
Performance Summary
WisdomTree International MidCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Financials 19.4%
Industrials 15.8%
Consumer Cyclical 13.9%
Consumer Non-Cyclical 12.7%
Basic Materials 12.0%
Communications 9.7%
Utilities 7.5%
Energy 3.3%
Diversified 3.1%
Technology 1.9%
Other 0.7%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
Hong Kong Exchanges and
Clearing Ltd. 1.5%
------------------------------------------------
Wesfarmers Ltd. 1.3%
------------------------------------------------
United Utilities PLC 1.3%
------------------------------------------------
Zinifex Ltd. 1.0%
------------------------------------------------
CITIC Pacific Ltd. 1.0%
------------------------------------------------
Telecom Corp. of New Zealand Ltd. 0.9%
------------------------------------------------
Snam Rete Gas SpA 0.9%
------------------------------------------------
BlueScope Steel Ltd. 0.8%
------------------------------------------------
Scottish & Newcastle PLC 0.8%
------------------------------------------------
Societe Des Autoroutes
Paris-Rhin-Rhone 0.8%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International MidCap Dividend Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International MidCap Dividend Index.
The WisdomTree International MidCap Dividend Fund (DIM) returned 6.57% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Industrials contributed most
significantly to this performance; the sector comprised on average 22.04% of the
Fund and returned 14.86% over the period. Hong Kong Exchanges & Clearing Ltd.
was the top contributor to the performance for the period. Consumer
Discretionary was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
---------------------------------------------------------------------------------------------
Average Annual Total Return
---------------------------------------------------------------------------------------------
WisdomTree
International
MidCap Dividend
Net Asset Value Market Price Index MSCI EAFE Index
---------------------------------------------------------------------------------------------
Six Month* 6.57% 5.87% 6.68% 8.72%
---------------------------------------------------------------------------------------------
One Year 29.02% 28.62% 30.18% 24.94%
---------------------------------------------------------------------------------------------
Since Inception(1) 33.00% 32.31% 34.27% 27.29%
---------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 15
Performance Summary
WisdomTree International SmallCap Dividend Fund
Sector Breakdown+ as of 9/30/07++
---------------------------------
[PIE CHART]
Industrials 25.6%
Financials 17.9%
Consumer Non-Cyclical 17.0%
Consumer Cyclical 15.7%
Communications 8.5%
Basic Materials 7.1%
Technology 2.6%
Energy 1.9%
Diversified 1.7%
Utilities 1.3%
Other 0.7%
---------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
Kungsleden Fastighets AB 0.7%
------------------------------------------------
Electrocomponents PLC 0.7%
------------------------------------------------
Orion Oyj Class B 0.6%
------------------------------------------------
West Australian Newspapers
Holdings Ltd. 0.6%
------------------------------------------------
Brit Insurance Holdings PLC 0.6%
------------------------------------------------
Stagecoach Group PLC 0.6%
------------------------------------------------
D. Carnegie & Co. AB 0.6%
------------------------------------------------
CSR Ltd. 0.5%
------------------------------------------------
Jubilee Mines NL 0.5%
------------------------------------------------
Hong Kong Aircraft
Engineering Co., Ltd. 0.5%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International SmallCap Dividend Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International SmallCap Dividend Index.
The WisdomTree International SmallCap Dividend Fund (DLS) returned 2.63% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Industrials contributed most
significantly to this performance; the sector comprised on average 27.07% of the
Fund and returned 8.31% over the period. JB Hi-Fi was the top contributor to the
performance for the period. Financials was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
--------------------------------------------------------------------------------------------
Average Annual Total Return
--------------------------------------------------------------------------------------------
WisdomTree
International
SmallCap MSCI EAFE
Net Asset Value Market Price Dividend Index SmallCap Index
--------------------------------------------------------------------------------------------
Six Month* 2.63% 2.41% 3.50% (0.46)%
--------------------------------------------------------------------------------------------
One Year 28.36% 28.46% 29.28% 19.15%
--------------------------------------------------------------------------------------------
Since Inception(1) 28.90% 28.90% 29.44% 17.94%
--------------------------------------------------------------------------------------------
* Returns of less than one year are cumulative.
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 16, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
16 WisdomTree International Dividend Funds
Performance Summary
WisdomTree International Real Estate Fund
Industry Breakdown+ as of 9/30/07
------------------------------------------------
[PIE CHART]
Real Estate Management & Development 42.5%
Retail REITS 23.7%
Diversified REITS 16.0%
Office REITS 10.0%
Industrial REITS 5.9%
Residential REITS 1.0%
Specialized REITS 0.5%
Other 0.4%
------------------------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
-------------------------------------------------
Description % of Net Assets
-------------------------------------------------
Westfield Group 9.3%
-------------------------------------------------
Sun Hung Kai Properties Ltd. 6.0%
-------------------------------------------------
Cheung Kong (Holdings) Ltd. 4.5%
-------------------------------------------------
Stockland 2.8%
-------------------------------------------------
GPT Group 2.6%
-------------------------------------------------
Goodman Group 2.5%
-------------------------------------------------
Hang Lung Properties Ltd. 2.3%
-------------------------------------------------
Land Securites Group PLC 2.2%
-------------------------------------------------
Allgreen Properties Ltd. 2.1%
-------------------------------------------------
Henderson Land Development Co., Ltd. 1.9%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Real Estate Fund seeks investment results that closely
correspond to the price and yield performance, before fees and expenses, of the
WisdomTree International Real Estate Index.
The WisdomTree International Real Estate Fund (DRW) returned 1.83% from its
inception on June 5, 2007 through September 30, 2007 (for more complete
performance information, please see below). Hong Kong contributed most
significantly to this performance; the securities listed in Hong Kong comprised
on average 23.88% of the Fund and returned 21.34% over the period. Sun Hung Kai
Properties Ltd. was the top contributor to the performance for the period. Japan
was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
----------------------------------------------------------------------------------------------
Cumulative Total Return
----------------------------------------------------------------------------------------------
WisdomTree
International
Real Estate Dow Jones Wilshire
Net Asset Value Market Price Index ex-U.S. RESI Index
----------------------------------------------------------------------------------------------
Since Inception(1) 1.83% 1.67% 1.99% (6.70)%
----------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on June 5, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Funds 17
Performance Summary
WisdomTree Emerging Markets High-Yielding Equity Fund
Sector Breakdown+ as of 9/30/07++
----------------------------------------------------
[PIE CHART]
Materials 21.7%
Energy 18.8%
Telecommunication Services 17.2%
Banks 12.9%
Utilities 4.9%
Food, Beverages & Tobacco 3.9%
Transportation 3.8%
Semiconductors & Semiconductor Equipment 3.5%
Capital Goods 2.8%
Technology Hardware & Equipment 2.7%
Diversified Financials 1.8%
Other 6.0%
----------------------------------------------------
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
++ A sector may comprise several industries.
Top Ten Holdings* as of 9/30/07
-------------------------------------------------
Description % of Net Assets
-------------------------------------------------
Petroleo Brasileiro S.A. 5.7%
-------------------------------------------------
S-Oil Corp. 3.2%
-------------------------------------------------
Taiwan Semiconductor
Manufacturing Co., Ltd. 3.2%
-------------------------------------------------
Formosa Petrochemical Corp. 3.1%
-------------------------------------------------
China Steel Corp. 2.8%
-------------------------------------------------
PetroChina Co., Ltd. Class H 2.8%
-------------------------------------------------
Anglo Platinum Ltd. 2.8%
-------------------------------------------------
Chunghwa Telecom Co., Ltd. 2.4%
-------------------------------------------------
PTT PCL 2.2%
-------------------------------------------------
Telkom S.A. Ltd. 2.2%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree Emerging Markets High-Yielding Equity Fund seeks investment results
that closely correspond to the price and yield performance, before fees and
expenses, of the WisdomTree Emerging Markets High-Yielding Equity Index.
The WisdomTree Emerging Markets High-Yielding Equity Fund (DEM) returned 2.47%
from its inception on July 13, 2007 through September 30, 2007 (for more
complete performance information, please see below). Materials contributed most
significantly to this performance; the sector comprised on average 20.92% of the
Fund and returned 9.26% over the period. China Steel Corp. was the top
contributor to the performance for the period. Information Technology was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.63%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------
WisdomTree
Emerging
Markets
High-Yielding MSCI Emerging
Net Asset Value Market Price Equity Index Markets Index
------------------------------------------------------------------------------------------
Since Inception(1) 2.47% 0.63% 2.64% 5.69%
------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on July 13, 2007.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
18 WisdomTree International Dividend Funds
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 April 1, 2007 to September 30, 2007
for all Funds except WisdomTree International Real Estate Fund and WisdomTree
Emerging Markets High-Yielding Fund; WisdomTree International Real Estate Fund's
period was June 5, 2007 through September 30, 2007 and WisdomTree Emerging
Markets High-Yielding Fund was July 13, 2007 through September 30, 2007.
Actual expenses
The first line under each Fund in the table on the next page provides
information about actual account values and actual expenses. You may use the
information in this line, together with the amount you invested, to estimate the
expenses that you paid over the period. Simply divide your account value by
$1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then
multiply the result by the number in the first line for your Fund under the
heading entitled "Expenses Paid During Period 4/01/07 to 9/30/07" to estimate
the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides
information about hypothetical account values and hypothetical expenses based on
each Fund's actual expense ratio and an assumed rate of return of 5% per year
before expenses, which is not the Fund's actual return. The hypothetical account
values and expenses may not be used to estimate the actual ending account
balance or expenses you paid for the period. You may use this information to
compare the ongoing costs of investing in your Fund and other funds. To do so,
compare this 5% hypothetical example with the 5% hypothetical examples that
appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your
ongoing costs only and do not reflect any transactional costs, such as brokerage
commissions paid on purchases and sales of Fund shares. Therefore, the second
line under each Fund in the table is useful in comparing ongoing Fund costs only
and will not help you determine the relative total costs of owning different
funds. In addition, if these transactional costs were included, your costs would
have been higher.
WisdomTree International Dividend Funds 19
Shareholder Expense Examples (unaudited) (concluded)
-------------------------------------------------------------------------------------------------------------------
Annualized
Expense Ratio Expenses Paid
Based on the During the
Beginning Ending Period Period+
Account Value Account Value 4/01/07 to 4/01/07 to
4/01/07 9/30/07 9/30/07 9/30/07
-------------------------------------------------------------------------------------------------------------------
WisdomTree DEFA Fund
Actual $ 1,000.00 $ 1,106.32 0.48% $ 2.54
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.59 0.48% $ 2.44
-------------------------------------------------------------------------------------------------------------------
WisdomTree DEFA High-Yielding Equity Fund
Actual $ 1,000.00 $ 1,087.24 0.58% $ 3.03
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree Europe Total Dividend Fund
Actual $ 1,000.00 $ 1,093.81 0.48% $ 2.52
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.59 0.48% $ 2.44
-------------------------------------------------------------------------------------------------------------------
WisdomTree Europe High-Yielding Equity Fund
Actual $ 1,000.00 $ 1,077.12 0.58% $ 3.02
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree Europe SmallCap Dividend Fund
Actual $ 1,000.00 $ 995.16 0.58% $ 2.90
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree Japan Total Dividend Fund
Actual $ 1,000.00 $ 968.95 0.48% $ 2.37
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.59 0.48% $ 2.43
-------------------------------------------------------------------------------------------------------------------
WisdomTree Japan High-Yielding Equity Fund
Actual $ 1,000.00 $ 942.62 0.58% $ 2.82
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.10 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree Japan SmallCap Dividend Fund
Actual $ 1,000.00 $ 950.50 0.58% $ 2.83
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree Pacific ex-Japan Total Dividend Fund
Actual $ 1,000.00 $ 1,244.05 0.48% $ 2.70
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.59 0.48% $ 2.44
-------------------------------------------------------------------------------------------------------------------
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
Actual $ 1,000.00 $ 1,147.14 0.58% $ 3.12
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree International LargeCap Dividend Fund
Actual $ 1,000.00 $ 1,117.35 0.48% $ 2.55
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.59 0.48% $ 2.44
-------------------------------------------------------------------------------------------------------------------
WisdomTree International Dividend Top 100 Fund
Actual $ 1,000.00 $ 1,092.96 0.58% $ 3.04
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree International MidCap Dividend Fund
Actual $ 1,000.00 $ 1,065.72 0.58% $ 3.00
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree International SmallCap Dividend Fund
Actual $ 1,000.00 $ 1,026.25 0.58% $ 2.95
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-------------------------------------------------------------------------------------------------------------------
WisdomTree International Real Estate Fund*
Actual $ 1,000.00 $ 1,018.31 0.58% $ 1.90
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.95
-------------------------------------------------------------------------------------------------------------------
WisdomTree Emerging Markets High-Yielding Equity Fund*
Actual $ 1,000.00 $ 1,024.66 0.63% $ 1.40
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,021.83 0.63% $ 3.20
-------------------------------------------------------------------------------------------------------------------
* Commencement of investment operations for the WisdomTree International
Real Estate Fund and WisdomTree Emerging Markets High-Yielding Equity Fund
are June 5, 2007 and July 13, 2007, respectively.
+ Expenses are calculating using each Fund's annualized expense ratio,
multiplied by the average account value for the period, multiplied by
183/366 (to reflect one-half year period) except for actual return
information which reflects the 118 day period for WisdomTree International
Real Estate Fund and the 80 day period for WisdomTree Emerging Markets
High-Yielding Equity Fund.
20 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree DEFA Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
COMMON STOCKS - 99.2%
Australia - 8.9%
Alumina Ltd. 44,680 $ 282,313
Amcor Ltd. 45,660 298,202
AMP Ltd. 50,780 473,644
Aristocrat Leisure Ltd.(a) 22,264 273,865
Austbrokers Holdings Ltd. 13,233 49,067
Australia & New Zealand Banking Group Ltd. 64,122 1,685,320
Australian Stock Exchange Ltd. 9,496 451,687
AXA Asia Pacific Holdings Ltd.(a) 45,037 310,873
BHP Billiton Ltd. 42,908 1,691,629
Billabong International Ltd.(a) 21,035 278,852
BlueScope Steel Ltd.(a) 37,882 360,380
Caltex Australia Ltd.(a) 14,513 302,331
Coca-Cola Amatil Ltd. 41,515 330,648
Coles Group Ltd. 34,386 468,620
Commander Communications Ltd.(a) 138,545 72,950
Commonwealth Bank of Australia 49,364 2,463,379
Computershare Ltd. 28,205 231,879
CSL Ltd. 5,521 524,247
CSR Ltd.(a) 93,152 256,373
Foster's Group Ltd. 61,747 356,819
Harvey Norman Holdings Ltd. 75,096 396,079
Insurance Australia Group Ltd.(a) 68,966 320,415
John FairFax Holdings Ltd.(a) 77,888 325,335
Leighton Holdings Ltd.(a) 16,775 764,520
Lend Lease Corp. Ltd. 21,086 352,675
Lion Nathan Ltd. 38,408 313,720
Macquarie Bank Ltd.(a) 5,248 391,972
National Australia Bank Ltd. 57,980 2,037,497
Newcrest Mining Ltd. 14,924 369,796
Orica Ltd. 13,598 362,210
Perpetual Ltd.(a) 4,421 285,877
Publishing & Broadcasting Ltd.(a) 16,421 286,276
Qantas Airways Ltd. 102,107 504,207
QBE Insurance Group Ltd. 17,786 532,003
Rio Tinto Ltd.(a) 5,129 491,201
Santos Ltd. 27,009 359,719
Sonic Healthcare Ltd. 21,265 293,568
St. George Bank Ltd.(a) 20,303 635,857
Suncorp-Metway Ltd. 36,242 651,069
TABCORP Holdings Ltd. 24,021 322,049
Telstra Corp. Ltd.(a) 413,866 1,596,854
Toll Holdings Ltd. 20,218 234,563
Wesfarmers Ltd.(a) 17,295 642,819
Westpac Banking Corp. 65,125 1,642,523
Woodside Petroleum Ltd. 11,987 532,517
Woolworths Ltd. 28,526 750,002
Zinifex Ltd. 14,979 234,890
----------
Total Australia 26,793,291
----------------------------------------------------------------------------
Austria - 0.3%
Andritz AG 476 32,798
Bank Austria Creditanstalt AG 2,215 456,759
BOEHLER-UDDEHOLM AG 778 81,256
Flughafen Wien AG 391 40,281
OMV AG 1,828 121,743
Schoeller-Bleckmann Oilfield Equipment AG 306 25,980
voestalpine AG 1,301 112,123
Wienerberger AG 1,337 83,396
----------
Total Austria 954,336
----------------------------------------------------------------------------
Belgium - 1.8%
Barco N.V. 2,687 230,846
Bekaert S.A. 561 75,004
Belgacom S.A. 11,693 541,114
Compagnie Maritime Belge S.A. 3,031 224,148
Delhaize Group 1,201 114,778
Dexia N.V. 19,291 582,713
Euronav N.V. 2,472 77,518
Fortis N.V. 44,518 1,307,377
Groep Colruyt S.A. 425 89,544
InBev N.V. 4,536 410,017
KBC Ancora 395 44,120
KBC Groep N.V. 6,592 904,482
Mobistar S.A. 2,928 255,465
Solvay S.A. 1,474 213,335
UCB S.A. 4,748 279,413
Umicore 50 11,918
----------
Total Belgium 5,361,792
----------------------------------------------------------------------------
Denmark - 0.7%
A/S Dampskibsselskabat TORM 3,602 146,379
Amagerbanken A/S 6,575 376,334
Bang & Olufsen A/S Class B 60 6,754
Carlsberg A/S Class B 375 51,084
Danisco A/S 3,300 255,936
Danske Bank A/S 16,807 680,604
DSV A/S 500 11,757
FLSmidth & Co. A/S 100 10,608
H. Lundbeck A/S 8,701 235,730
NKT Holding A/S 400 44,721
Novo-Nordisk A/S Class B 3,301 397,404
Novozymes A/S Class B 100 12,535
Sydbank A/S 50 2,170
----------
Total Denmark 2,232,016
----------------------------------------------------------------------------
Finland - 2.2%
Elcoteq SE 55,364 373,208
Elisa Oyj 2,645 82,003
Finnair Oyj 3,416 56,839
Fortum Oyj 31,847 1,165,795
KCI Konecranes Oyj 2,557 102,584
Kemira Oyj 3,416 79,575
Kesko Oyj Class B 1,710 113,301
See Notes to Financial Statements.
WisdomTree International Dividend Funds 21
Schedule of Investments (unaudited) (continued)
WisdomTree DEFA Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
Metso Oyj 1,710 $ 117,460
Nokia Oyj 66,200 2,509,940
Nokian Renkaat Oyj 3,416 133,402
Ramirent Oyj 6,782 146,508
Rautaruukki Oyj 5,112 308,903
Sampo Oyj Class A 13,651 415,649
Sanoma-WSOY Oyj 4,438 137,654
Stora Enso Oyj Class R 13,651 265,192
UPM-Kymmene Corp. 13,651 329,257
Uponor Oyj 1,710 52,942
Wartsila Oyj Class B 1,710 116,852
YIT Oyj 1,710 50,680
----------
Total Finland 6,557,744
------------------------------------------------------------------------------------
France - 12.5%
Accor S.A. 6,256 553,925
Air France-KLM 6,587 241,406
AXA S.A.(a) 70,560 3,148,885
BNP Paribas 19,139 2,088,749
Carrefour S.A. 12,433 868,696
Casino Guichard Perrachon S.A. 4,586 479,626
Christian Dior S.A. 3,707 473,101
Cie de Saint-Gobain S.A. 6,339 659,808
CNP Assurances S.A. 3,707 472,943
Compagnie Generale des Etablissements Michelin
Class B 5,624 754,067
Credit Agricole S.A. 25,537 982,386
Electricite de France 27,018 2,849,112
Gaz de France S.A. 10,224 529,840
Groupe Danone 7,623 598,426
Hermes International 4,130 463,535
Lafarge S.A. 3,453 533,546
Lagardere SCA 4,620 392,183
L'Air Liquide S.A. 4,537 605,612
L'Oreal S.A. 7,533 985,601
LVMH Moet Hennessy Louis Vuitton S.A. 5,589 668,221
Natixis 76,966 1,702,059
PPR S.A. 3,031 568,732
Renault S.A. 13,164 1,902,446
Sanofi-Aventis 17,278 1,459,079
Schneider Electric S.A. 4,824 607,836
Societe Des Autoroutes Paris-Rhin-Rhone 6,749 707,379
Societe Generale 10,639 1,780,528
Sodexho Alliance S.A. 4,824 332,732
Suez S.A. 34,953 2,052,956
Technip S.A. 6,685 596,093
TOTAL S.A. 61,103 4,954,901
Veolia Environnement S.A. 6,188 531,448
VINCI S.A. 9,478 738,522
Vivendi S.A. 32,186 1,354,890
----------
Total France 37,639,269
------------------------------------------------------------------------------------
Germany - 7.5%
Allianz SE 6,256 1,457,768
AMB Generali Holding AG 1,252 195,271
BASF AG 9,310 1,284,300
Bayer AG 12,022 954,359
Bayer Schering Pharma AG 2,176 325,397
Bayerische Motoren Werke AG 5,326 342,589
Beate Uhse AG 26,748 115,260
Beiersdorf AG 3,829 285,993
Commerzbank AG 6,475 261,427
Continental AG 116 15,999
DaimlerChrysler AG 25,177 2,529,296
Deutsche Bank AG 5,703 733,029
Deutsche Boerse AG 2,813 382,048
Deutsche Lufthansa AG 10,038 287,938
Deutsche Post AG 23,667 686,623
Deutsche Postbank AG 2,676 195,954
Deutsche Telekom AG 182,401 3,574,552
Deutsche Wohnen AG 7,120 305,087
E.ON AG 12,925 2,383,317
Fraport AG Frankfurt Airport Services Worldwide 2,727 188,054
Fresenius Medical Care AG & Co. KGaA 4,820 255,477
Henkel KGaA 309 14,594
Hypo Real Estate Holding AG 3,014 170,940
MAN AG 2,693 390,836
Metro AG 4,319 389,051
Muenchener Rueckversicherungs-Gesellshaft AG 3,880 743,653
MVV Energie AG 6,212 260,526
RWE AG 8,429 1,057,280
Salzgitter AG 1,234 241,724
Siemens AG 10,241 1,404,282
ThyssenKrupp AG 8,107 514,901
Volkswagen AG 3,175 715,679
----------
Total Germany 22,663,204
------------------------------------------------------------------------------------
Hong Kong - 4.4%
Bank of East Asia Ltd. 37,418 210,001
BOC Hong Kong (Holdings) Ltd. 297,640 754,765
Cathay Pacific Airways Ltd. 101,000 276,271
Cheung Kong (Holdings) Ltd. 33,969 560,564
China Merchants Holdings (International) Co., Ltd. 34,016 211,706
China Mobile Ltd. 244,124 4,000,307
China Overseas Land & Investment Ltd. 68,034 155,358
China Resources Enterprise, Ltd. 32,016 135,999
China Travel International Investment Hong Kong
Ltd. 136,067 100,711
China Unicom Ltd. 64,051 132,576
CITIC International Financial Holdings Ltd. 119,060 95,326
CITIC Pacific Ltd. 66,025 421,546
CLP Holdings Ltd. 51,034 353,424
CNOOC Ltd. 561,153 943,363
See Notes to Financial Statements.
22 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DEFA Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Dah Sing Financial Holdings Ltd. 5,603 $ 43,274
Denway Motors Ltd. 102,051 59,245
Hang Seng Bank Ltd. 61,029 1,084,887
Henderson Investment Ltd. 21,335 35,427
Hong Kong & China Gas Co., Ltd. (The) 217 506
Hong Kong Aircraft Engineering Co., Ltd. 400 9,057
Hong Kong Exchanges and Clearing Ltd. 32,000 978,703
Hongkong Electric Holdings Ltd. 25 130
Hopewell Holdings Ltd. 17,008 81,223
Hutchison Whampoa Ltd. 67,025 717,388
Industrial & Commercial Bank of China Ltd. 16 45
MTR Corp. 68,034 202,736
New World Development Co., Ltd. 50,954 141,017
PCCW Ltd. 73,060 48,339
Shanghai Industrial Holdings Ltd. 16,008 79,951
Shun TAK Holdings Ltd. 33,969 54,745
Singamas Container Holdings Ltd.(a) 268,034 162,849
Sino Land Co. Ltd. 33,969 84,566
Sun Hung Kai Properties Ltd. 36,328 612,586
Television Broadcasts Ltd. 17,008 102,241
Wharf (Holdings) Ltd. (The) 33,969 167,032
Wing Hang Bank Ltd. 8,505 97,874
Wing Lung Bank Ltd. 6,803 70,538
----------
Total Hong Kong 13,186,276
----------------------------------------------------------------------------
Ireland - 0.5%
Allied Irish Banks PLC 19,256 465,543
Anglo Irish Bank Corp. PLC 4,519 83,547
Bank of Ireland 19,679 365,224
CRH PLC 4,885 192,021
DCC PLC 980 28,989
FBD Holdings PLC 2,690 84,163
Glanbia PLC 4,559 27,361
Greencore Group PLC 3,812 24,802
IAWS Group PLC 913 20,190
Independent News & Media PLC 18,615 70,551
Irish Life & Permanent PLC 4,722 104,626
Kerry Group PLC Class A 862 25,499
Kingspan Group PLC 997 21,793
----------
Total Ireland 1,514,309
----------------------------------------------------------------------------
Italy - 7.2%
Actelios SpA 4,253 43,246
AEM SpA 86,226 321,894
Alleanza Assicurazioni SpA 18,683 248,031
Assicurazioni Generali SpA 12,515 549,252
Atlantia SpA 6,990 235,498
Autogrill SpA 8,464 162,621
Banca Carige SpA 43,155 205,906
Banca Intesa SpA 405,007 3,118,934
Banca Italease SpA(a) 6,899 128,529
Banca Monte dei Paschi di Siena SpA 34,539 211,337
Banca Popolare dell'Etruria e del Lazio 1,274 22,068
Banca Popolare di Milano S.c.r.l. 16,539 243,677
Banco Popolare S.c.r.l. 7,229 161,510
Capitalia SpA 48,142 458,716
Enel SpA 232,766 2,628,363
Eni SpA(a) 141,567 5,232,552
Finmeccanica SpA 9,106 264,570
Fondiaria-Sai SpA 5,470 256,168
Hera SpA 37,484 154,326
Ifil Investments SpA 35,995 386,998
Luxottica Group SpA 7,889 267,806
Mediobanca SpA(a) 13,919 303,654
Mediolanum SpA(a) 29,624 208,964
Saipem SpA 5,470 232,752
Snam Rete Gas SpA 63,850 396,134
Telecom Italia SpA 888,835 2,695,600
Terna SpA 71,167 262,387
UniCredito Italiano SpA 202,408 1,727,127
Unione di Banche Italiane SCPA 11,617 311,423
Unipol SpA 63,884 216,683
----------
Total Italy 21,656,726
----------------------------------------------------------------------------
Japan - 8.5%
Asahi Glass Co., Ltd. 17,000 228,362
Astellas Pharma, Inc. 6,800 325,766
Bridgestone Corp. 11,900 262,801
Canon Inc. 10,200 556,049
Chubu Electric Power Co., Inc. 10,200 263,835
Chugai Pharmaceutical Co., Ltd. 11,900 196,273
Dai Nippon Printing Co., Ltd. 17,000 242,699
Daiwa House Industry Co., Ltd. 17,000 221,562
Daiwa Securities Group, Inc. 22,000 209,260
DENSO Corp. 6,800 256,001
Eisai Co., Ltd. 5,100 240,777
Fanuc Ltd. 3,400 346,164
Fuji Photo Film Co., Ltd. 6,800 313,942
Hitachi Ltd. 34,000 226,144
Honda Motor Co., Ltd. 10,200 342,321
ITOCHU Corp. 34,000 412,381
Japan Tobacco, Inc. 68 373,064
JFE Holdings, Inc. 6,800 481,259
Kansai Electric Power Co., Inc. (The) 11,900 271,595
Kao Corp. 17,000 506,977
Keiyo Co., Ltd. 5,400 28,499
Kirin Brewery Co., Ltd. 17,000 224,666
Kobe Steel Ltd. 82,000 305,856
Kojima Co., Ltd. 2,700 16,339
Komatsu Ltd. 17,000 570,534
Konaka Co., Ltd. 14,000 106,264
Kyocera Corp. 3,400 318,376
Kyushu Electric Power Co., Inc. 11,900 314,533
Matsushita Electric Industrial Co., Ltd. 17,000 318,524
Millea Holdings, Inc. 500 20,084
See Notes to Financial Statements.
WisdomTree International Dividend Funds 23
Schedule of Investments (unaudited) (continued)
WisdomTree DEFA Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------
Mitsubishi Corp. 13,600 $ 430,413
Mitsubishi Electric Corp. 34,000 425,684
Mitsubishi Estate Co., Ltd. 16,976 485,598
Mitsubishi Heavy Industries Ltd. 68,000 444,012
Mitsubishi UFJ Financial Group, Inc. 60,000 524,801
Mitsui & Co., Ltd. 17,000 412,381
Mitsui Fudosan Co., Ltd. 16,976 470,838
Mitsui Sumitomo Insurance Co., Ltd. 17,000 199,391
Mizuho Financial Group, Inc. 34 193,627
Nippon Oil Corp. 34,000 315,420
Nippon Steel Corp. 199,000 1,430,884
Nippon Telegraph & Telephone Corp. 102 476,234
Nissan Motor Co., Ltd. 49,300 493,364
Nomura Holdings, Inc. 73,800 1,235,828
NTT DoCoMo, Inc. 821 1,170,665
Ricoh Co., Ltd. 17,000 359,171
Right On Co., Ltd. 5,000 53,645
Sankyo Seiko Co., Ltd. 13,200 49,006
Secom Co., Ltd. 8,500 408,686
Sekisui House Ltd. 17,000 213,729
Sharp Corp. 17,000 308,177
Shin-Etsu Chemical Co., Ltd. 5,100 352,076
Sony Corp. 5,100 246,985
Sumitomo Chemical Co., Ltd. 34,000 291,179
Sumitomo Corp. 17,000 328,131
Sumitomo Electric Industries Ltd. 10,000 159,110
Sumitomo Metal Industries Ltd. 68,000 396,122
Sumitomo Mitsui Financial Group, Inc. 17 132,287
Suzuki Motor Corp. 11,900 351,780
T&D Holdings, Inc. 3,400 208,999
Takagi Securities Co., Ltd. 24,000 78,251
Takeda Pharmaceutical Co., Ltd. 6,800 477,712
Tochigi Bank Ltd. (The) 84,000 468,878
Tohoku Electric Power Co., Inc. 11,900 254,006
Tokyo Electric Power Co., Inc. (The) 15,300 385,776
Tokyo Gas Co., Ltd. 51,000 237,230
Toray Industries, Inc. 18,000 142,729
Tori Holdings Co., Ltd. 277,000 48,168
Toshiba Corp. 34,000 317,193
Toyo Securities Co., Ltd. 8,000 28,170
Toyota Motor Corp. 31,600 1,862,783
Trans Cosmos, Inc. 6,700 109,691
Uniden Corp. 2,000 13,233
----------
Total Japan 25,492,950
--------------------------------------------------------------------------
Netherlands - 3.9%
ABN AMRO Holding N.V. 55,626 2,923,058
AEGON N.V. 32,254 616,034
Akzo Nobel N.V. 4,722 388,150
CSM N.V. 3,639 121,721
Heineken Holding N.V. 2,793 159,677
Heineken N.V. 3,572 233,778
ING Groep N.V. 50,714 2,245,185
Koninklijke DSM N.V. 3,538 190,445
Koninklijke Philips Electronics N.V. 13,986 629,524
Koninklijke Vopak N.V. 2,488 141,532
OCE N.V. 7,348 154,032
Randstad Holding N.V. 1,761 94,942
Reed Elsevier N.V. 13,902 263,346
Royal KPN N.V. 65,269 1,129,647
SBM Offshore N.V. 2,439 95,630
STMicroelectronics N.V. 22,315 374,159
TNT N.V. 6,086 254,463
Unilever N.V. 10,507 322,908
Unilever N.V. CVA 35,182 1,083,237
Vedior N.V. 4,891 107,327
Wolters Kluwer N.V. 5,351 158,439
----------
Total Netherlands 11,687,234
--------------------------------------------------------------------------
New Zealand - 0.5%
Air New Zealand Ltd. 34,707 64,775
Auckland International Airport Ltd. 41,672 98,555
CanWest MediaWorks (NZ) Ltd. 17,545 35,661
Fisher & Paykel Appliances Holdings Ltd. 9,499 25,552
Fisher & Paykel Healthcare Corp. 11,063 27,585
Fletcher Building Ltd. 16,507 158,278
Freightways Ltd. 5,316 15,264
Hallenstein Glasson Holdings Ltd. 66,621 224,511
Infratil Ltd. 9,782 21,952
Mainfreight Ltd. 20,185 102,187
New Zealand Refining Co., Ltd. (The) 10,217 58,672
Nuplex Industries Ltd. 3,065 16,999
Port of Tauranga Ltd. 33,288 168,521
Sanford Ltd. 42,269 138,932
Sky City Entertainment Group Ltd. 16,946 66,839
Telecom Corp. of New Zealand Ltd. 79,765 269,409
Warehouse Group Ltd. (The) 14,338 59,586
----------
Total New Zealand 1,553,278
--------------------------------------------------------------------------
Norway - 1.0%
ABG Sundal Collier ASA 16,000 42,197
Aker ASA Class A 1,021 71,742
DnB NOR ASA 34,016 518,811
EDB Business Partner ASA 2 16
Ekornes ASA 1,701 36,076
Norsk Hydro ASA 19,459 841,558
Orkla ASA 15,310 271,908
ProSafe ASA 1,700 30,161
Schibsted ASA 850 44,520
Sparebanken Midt-Norge 15,400 198,810
Statoil ASA 25,461 862,826
Storebrand ASA 5 77
Tomra Systems ASA 2 14
Veidekke ASA 3,950 36,060
See Notes to Financial Statements.
24 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DEFA Fund
September 30, 2007
-----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------------
Yara International ASA 5,102 $ 160,430
----------
Total Norway 3,115,206
-----------------------------------------------------------------------------------
Portugal - 0.7%
Banco BPI, S.A. 9,276 77,832
Banco Comercial Portugues, S.A. Class R(a) 67,466 279,205
Banco Espirito Santo, S.A. 9,733 220,084
Brisa-Auto-estradas de Portugal S.A. 10,404 136,124
Jeronimo Martins, SGPS, S.A. 11,427 70,041
Mota-Engil, SGPS, S.A. 3,707 28,205
Portucel-Empresa Produtora De Pasta E Papel, S.A. 11,160 41,106
Portugal Telecom, SGPS, S.A. 34,774 486,131
PT Multimedia - Servicos de Telecomunicacoes e
Multimedia, SGPS, S.A.(a) 5,722 84,956
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 177,082 526,339
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 3,555 57,787
Sonae SGPS, S.A. 23,008 59,552
----------
Total Portugal 2,067,362
-----------------------------------------------------------------------------------
Singapore - 1.4%
City Developments Ltd. 1,180 12,878
ComfortDelgro Corp., Ltd. 51,000 66,651
Cosco Corp. (Singapore) Ltd. 17,000 68,140
DBS Group Holdings Ltd. 36,000 523,830
Fraser and Neave Ltd. 19,807 76,055
Guocoland Ltd.(a) 16,976 58,323
Jaya Holdings Ltd. 51,000 68,712
Keppel Corp. Ltd. 30,000 291,017
Keppel Land Ltd. 16,976 94,918
Keppel Telecommunications & Transportation Ltd. 21,000 63,660
MobileOne Ltd. 20,800 28,724
Oversea-Chinese Banking Corp. Ltd. 68,000 407,693
Parkway Holdings Ltd. 34,000 97,113
SBS Transit Ltd. 25,500 52,565
SembCorp Industries Ltd. 17,000 73,866
SembCorp Marine Ltd. 23,000 71,272
SIA Engineering Co., Ltd. 17,000 56,115
Singapore Airlines Ltd. 17,866 223,859
Singapore Airport Terminal Services Ltd. 34,000 62,757
Singapore Exchange Ltd. 17,000 147,731
Singapore Post Ltd. 68,000 55,886
Singapore Press Holdings Ltd. 34,000 98,946
Singapore Technologies Engineering Ltd. 17,000 44,663
Singapore Telecommunications Ltd. 288,150 780,331
SMRT Corp. Ltd. 51,000 58,749
StarHub Ltd. 29,610 61,835
Straits Trading Co., Ltd. 17,000 51,763
United Overseas Bank Ltd. 35,000 521,068
Venture Corp., Ltd. 14,000 155,613
----------
Total Singapore 4,374,733
-----------------------------------------------------------------------------------
Spain - 6.9%
Abertis Infraestructuras S.A.(a) 8,463 263,942
Acciona, S.A. 845 229,167
Acerinox S.A.(a) 4,346 130,412
ACS, Actividades Construccion y Servicios, S.A. 3,284 180,742
Altadis, S.A. 4,015 281,728
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 91,839 2,147,208
Banco Guipuzcoano SA 4,189 84,297
Banco Popular Espanol, S.A.(a) 22,622 387,671
Banco Sabadell S.A.(a) 17,533 168,308
Banco Santander Central Hispano S.A. 242,297 4,696,660
Bankinter, S.A.(a) 9,643 138,646
Cia Espanola De Petroleos, S.A.(a) 3,623 363,763
Corporacion Mapfre S.A. 23,514 106,006
Ebro Puleva S.A. 6,813 139,329
Enagas 6,086 157,352
Endesa S.A. 47,171 2,689,406
Fomento de Construcciones y Contratas S.A. 1,828 147,532
Gas Natural SDG, S.A. 8,514 479,484
Gestevision Telecinco, S.A. 9,191 240,637
Grupo Ferrovial S.A.(a) 1,845 155,726
IBERDROLA, S.A. 19,992 1,171,382
Inditex S.A. 3,470 233,221
Montebalito S.A. 4,363 68,626
Red Electrica de Espana 2,570 132,856
Repsol YPF, S.A. 19,224 684,852
Telefonica, S.A. 178,744 4,989,960
Union Fenosa, S.A. 3,846 226,933
Zardoya-Otis S.A. 3,419 105,853
----------
Total Spain 20,801,699
-----------------------------------------------------------------------------------
Sweden - 3.0%
AB Volvo Class A 17,010 294,498
AB Volvo Class B 42,525 737,888
Alfa Laval AB 3,402 217,981
Assa Abloy AB Class B 6,803 140,655
Atlas Copco AB Class A 13,606 234,512
Atlas Copco AB Class B 4 64
Axfood AB 3,101 104,261
Electrolux AB Series B 6,803 143,547
Fabege AB 10,191 120,908
H&M Hennes & Mauritz AB Class B 15,057 950,802
Holmen AB Class B 1,701 64,947
Investment AB Kinnevik Class B 503 10,536
JM AB 6,803 163,527
L E Lundbergforetagen AB Class B 1 69
Nolato AB Class B 4,200 37,007
Nordea Bank AB 61,129 1,061,174
Q-Med AB 38,400 549,076
Ratos AB Class B 6,803 199,808
Sandvik AB 20,410 436,182
Scania AB Class A 9,608 245,062
Scania AB Class B 13,608 330,258
Securitas AB Class B 19,803 260,201
Skandinaviska Enskilda Banken AB 10,206 330,521
See Notes to Financial Statements.
WisdomTree International Dividend Funds 25
Schedule of Investments (unaudited) (continued)
WisdomTree DEFA Fund
September 30, 2007
--------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------------
Skanska AB Class B 10,206 $ 201,547
SKF AB Class B 6,803 142,758
SSAB Svenskt Stal AB Series A 6,702 247,088
Svenska Cellulosa Aktiebolaget SCA Class B 10,206 189,714
Svenska Handelsbanken AB Class A 13,607 420,680
Swedbank AB Class A 11,906 396,618
Tele2 AB Class B 1,605 34,549
TeliaSonera AB 76,538 689,180
-----------
Total Sweden 8,955,618
--------------------------------------------------------------------------------------
Switzerland - 3.4%
Adecco S.A. 2,336 137,676
Ciba Specialty Chemicals Holding Inc. 1,979 100,542
Credit Suisse Group 20,608 1,363,635
Givaudan S.A. 136 125,266
Holcim Ltd. 2,319 255,285
Kuehne + Nagel International AG 1,574 154,409
Nestle S.A. 6,169 2,761,845
Nobel Biocare Holding AG 400 107,944
Novartis AG 27,042 1,487,287
Roche Holding AG 5,385 973,098
SGS S.A. 119 135,482
Swatch Group AG (The) Class B 696 227,591
Swiss Reinsurance Co. 5,843 518,678
Swisscom AG 1,102 417,660
UBS AG 30,493 1,634,020
-----------
Total Switzerland 10,400,418
--------------------------------------------------------------------------------------
United Kingdom - 23.9%
Abacus Group PLC 389,637 642,999
Accident Exchange Group PLC 128,976 365,249
Anglo American PLC 20,940 1,403,157
AstraZeneca PLC 25,285 1,261,587
Aviva PLC 57,234 858,217
BAE SYSTEMS PLC 113,552 1,141,687
Barclays PLC 182,900 2,219,018
BG Group PLC 59,536 1,026,161
BHP Billiton PLC 43,010 1,533,462
Blacks Leisure Group PLC 12,675 70,692
Bloomsbury Publishing PLC 53,079 159,777
BP PLC 421,083 4,868,542
British American Tobacco PLC 48,125 1,717,791
British Sky Broadcasting PLC 58,108 822,784
BT Group PLC 223,241 1,396,297
Cable & Wireless PLC 60,609 227,206
Cadbury Schweppes PLC 78,065 901,789
Carter & Carter Group PLC 343,977 562,393
Centrica PLC 144,261 1,118,327
Compass Group PLC 102,590 631,215
Diageo PLC 63,728 1,394,440
GlaxoSmithKline PLC 116,106 3,068,032
HBOS PLC 99,536 1,854,510
Hikma Pharmaceuticals PLC 18,881 161,562
HSBC Holdings PLC 307,675 5,669,780
Imperial Tobacco Group PLC 16,400 748,775
J. Sainsbury PLC 56,966 670,244
Kingfisher PLC 182,546 664,975
Legal & General Group PLC 331,303 901,773
Lloyds TSB Group PLC 274,181 3,030,417
London Scottish Bank PLC 114,432 185,345
Man Group PLC 105,815 1,193,247
Marks & Spencer Group PLC 74,741 937,243
National Grid PLC 78,630 1,255,942
Old Mutual PLC 262,238 856,435
Pearson PLC 56,354 869,707
Prudential PLC 72,825 1,115,000
Reckitt Benckiser PLC 20,488 1,198,807
Reed Elsevier PLC 75,848 954,988
Rio Tinto PLC 15,574 1,341,530
Royal Bank of Scotland Group (The) PLC 221,243 2,366,433
Royal Dutch Shell PLC Class A 82,931 3,407,910
Royal Dutch Shell PLC Class B 58,235 2,387,137
SABMiller PLC 43,443 1,232,039
Sage Group (The) PLC 160,956 817,349
Scottish & Southern Energy PLC 280 8,620
Smith & Nephew PLC 24,732 301,067
Smiths Group PLC 31,814 692,885
Smiths News PLC 111,472 277,071
Standard Chartered PLC 32,408 1,056,422
Tesco PLC 124,798 1,116,824
Unilever PLC 34,588 1,088,728
Vodafone Group PLC 1,316,893 4,735,442
WPP Group PLC 23,188 312,742
Xstrata PLC 19,283 1,274,444
-----------
Total United Kingdom 72,076,215
--------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $275,712,406) 299,083,676
======================================================================================
RIGHTS* - 0.0%
Austria - 0.0%
Wienerberger AG, expiring 10/08/07 1,259 -
--------------------------------------------------------------------------------------
Italy - 0.0%
Capitalia SpA, expiring 10/03/07 42,519 -
======================================================================================
TOTAL RIGHTS
(Cost: $0) -
======================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $275,712,406) 299,083,676
======================================================================================
SHORT-TERM INVESTMENT - 0.3%
MONEY MARKET FUND - 0.3%
United States - 0.3%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $1,010,149) 1,010,149 1,010,149
======================================================================================
See Notes to Financial Statements.
26 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree DEFA Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED - 4.3%
MONEY MARKET FUNDS(c) - 4.3%
AIM Liquid Assets Portfolio, 5.11% 10 $ 10
UBS Enhanced Yield Portfolio, 5.21% 7,438,808 7,438,808
UBS Private Money Market Fund LLC, 5.38% 5,514,934 5,514,934
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $12,953,752)(d) 12,953,752
==================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.8%
(Cost: $289,676,307)(e) 313,047,577
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (3.8)% (11,424,797)
------------
NET ASSETS - 100.% $301,622,780
==================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $11,458,810 and the total market value of the collateral held by
the Fund was $12,953,752.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 27
Schedule of Investments (unaudited)
WidsomTree DEFA High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
COMMON STOCKS - 99.0%
Australia - 12.8%
Adelaide Bank Ltd. 1,580 $ 19,757
Alumina Ltd.(a) 40,499 255,895
Amcor Ltd.(a) 42,217 275,716
AMP Ltd. 76,249 711,203
Aristocrat Leisure Ltd.(a) 16,560 203,701
Austbrokers Holdings Ltd. 17,333 64,270
Australia & New Zealand Banking Group Ltd. 101,138 2,658,212
Australian Stock Exchange Ltd.(a) 10,175 483,985
AWB Ltd.(a) 77,097 167,838
AXA Asia Pacific Holdings Ltd. 5,795 40,001
Bendigo Bank Ltd.(a) 7,547 91,498
Billabong International Ltd.(a) 15,659 207,584
BlueScope Steel Ltd.(a) 81,022 770,780
Boral Ltd.(a) 26,960 171,541
Caltex Australia Ltd.(a) 10,772 224,399
Centennial Coal Co., Ltd. 8,656 28,572
Coca-Cola Amatil Ltd.(a) 42,776 340,692
Coles Group Ltd. 51,687 704,403
Commander Communications Ltd. 20,915 11,013
Commonwealth Bank of Australia 73,726 3,679,100
CSR Ltd.(a) 63,984 176,096
David Jones Ltd. 4,237 19,123
Downer EDI Ltd.(a) 28,139 155,884
Foster's Group Ltd. 92,797 536,248
Gloucester Coal Ltd. 3,117 13,489
GrainCorp Ltd. 1,725 14,960
GRD Ltd. 40,332 85,660
Great Southern Ltd.(a) 11,827 24,282
Insurance Australia Group Ltd. 103,671 481,654
Iress Market Technology Ltd.(a) 5,973 41,229
John FairFax Holdings Ltd.(a) 96,805 404,351
Jubilee Mines NL(a) 3,999 61,436
Just Group Ltd. 8,384 38,581
Lend Lease Corp. Ltd. 21,291 356,104
Lion Nathan Ltd. 28,609 233,681
Macquarie Bank Ltd.(a) 10,407 777,297
MFS Ltd. 16,042 66,581
Minara Resources Ltd.(a) 41,469 238,904
Mortgage Choice Ltd. 2,029 4,579
National Australia Bank Ltd. 87,085 3,060,287
New Hope Corp. Ltd. 8,315 17,660
Nufarm Ltd.(a) 21,445 254,492
OneSteel Ltd.(a) 58,670 358,248
Orica Ltd. 10,109 269,273
Origin Energy Ltd. 14,421 131,447
Oxiana Ltd. 12,097 41,536
Pacific Brands Ltd. 28,637 78,561
Perpetual Ltd.(a) 3,309 213,971
Port Bouvard Ltd. 51,020 79,916
Primary Health Care Ltd.(a) 3,582 38,609
Publishing & Broadcasting Ltd.(a) 24,423 425,779
Qantas Airways Ltd. 126,276 623,554
QBE Insurance Group Ltd. 26,725 799,380
Ridley Corp., Ltd. 30,095 31,160
Santos Ltd.(a) 25,094 334,214
Sedgman Ltd. 18,090 50,107
Seven Network Ltd.(a) 26,339 305,344
Sims Group Ltd.(a) 12,170 347,651
Sonic Healthcare Ltd. 15,815 218,330
SP Telemedia Ltd.(a) 51,483 20,274
Specialty Fashion Group Ltd. 33,983 48,418
St.George Bank Ltd.(a) 28,055 878,637
Suncorp-Metway Ltd. 46,548 836,211
Sunland Group Ltd.(a) 11,829 42,396
TABCORP Holdings Ltd.(a) 36,152 484,690
Tattersall's Ltd. 13,080 45,953
Telstra Corp. Ltd. 716,233 2,763,501
Transfield Services Ltd.(a) 24,622 288,490
United Group Ltd.(a) 16,599 272,193
Washington H. Soul Pattinson & Co., Ltd. 26,300 215,519
Wesfarmers Ltd.(a) 25,988 965,920
West Australian Newspapers Holdings Ltd.(a) 18,830 258,619
Westpac Banking Corp. 98,208 2,476,912
Woodside Petroleum Ltd. 17,431 774,364
Woolworths Ltd. 41,683 1,095,924
Zinifex Ltd. 41,839 656,091
----------
Total Australia 34,643,930
-----------------------------------------------------------------------------
Austria - 0.3%
Bank Austria Creditanstalt AG 2,983 615,129
BOEHLER-UDDEHOLM AG 1,232 128,673
Flughafen Wien AG 616 63,461
----------
Total Austria 807,263
-----------------------------------------------------------------------------
Belgium - 1.7%
Compagnie Maritime Belge S.A. 3,052 225,701
Cumerio N.V. 1,627 65,944
Dexia N.V. 32,088 969,265
Euronav N.V. 3,699 115,995
Fortis N.V. 54,793 1,609,127
KBC Ancora 2,072 231,433
KBC Groep N.V. 10,639 1,459,766
Melexis N.V. 1,860 34,202
----------
Total Belgium 4,711,433
-----------------------------------------------------------------------------
Denmark - 0.2%
A/S Dampskibsselskabat TORM 1,604 65,184
TrygVesta A/S 7,100 567,583
----------
Total Denmark 632,767
-----------------------------------------------------------------------------
Finland - 1.7%
Amer Sports Oyj(a) 3,933 90,891
Elektrobit Corp.(a) 79,372 214,470
Fortum Oyj 31,589 1,156,351
Kesko Oyj Class B 1,821 120,656
Metso Oyj 5,444 373,947
See Notes to Financial Statements.
28 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WidsomTree DEFA High-Yielding Equity Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
OKO Bank PLC Class A 7,851 $ 161,897
Orion Oyj Class B 7,403 187,612
Outokumpu Oyj 5,291 189,544
PKC Group Oyj 12,857 194,731
Rautaruukki Oyj 9,310 562,577
Sampo Oyj Class A 19,696 599,708
Sanoma-WSOY Oyj 6,684 207,318
Stora Enso Oyj Class R 23,627 458,991
Uponor Oyj 3,796 117,525
Wartsila Oyj Class B 1,091 74,553
----------
Total Finland 4,710,771
--------------------------------------------------------------------------------
France - 14.3%
Accor S.A. 4,650 411,725
Assystem 9,012 140,852
AXA S.A.(a) 87,484 3,904,153
BNP Paribas 41,855 4,567,877
Canal Plus S.A. 17,988 199,792
Casino Guichard Perrachon S.A. 3,933 411,332
Credit Agricole S.A. 81,111 3,120,271
Euler Hermes S.A. 2,749 365,420
Fonciere Des Regions 988 144,386
Gaz de France S.A.(a) 27,258 1,412,595
Imerys S.A. 1,739 158,304
IMS-International Metal Service 6,590 275,536
Klepierre 4,902 280,458
L'Air Liquide S.A. 3,736 498,692
M6, Metropole Television 6,213 179,809
Manitou BF S.A. 8,353 451,410
Nexity 428 26,313
NRJ Group(a) 10,432 135,748
Oberthur Card Systems S.A. 25,236 224,309
PagesJaunes S.A. 5,196 106,483
Peugeot S.A. 9,939 818,118
Rallye S.A. 3,777 268,573
Sanofi-Aventis 37,481 3,165,167
SCOR SE 9,545 255,063
Sequana Capital S.A. 6,640 218,607
Societe BIC S.A. 638 54,549
Societe Des Autoroutes Paris-Rhin-Rhone 3,144 329,530
Societe Generale 16,121 2,697,987
Ste Industrielle d'Aviation Latecoere S.A. 10,806 311,965
Suez S.A. 51,364 3,016,853
Thomson 12,551 190,632
TOTAL S.A. 94,625 7,673,233
Valeo S.A. 6,825 378,735
Vivendi S.A. 54,541 2,295,937
----------
Total France 38,690,414
--------------------------------------------------------------------------------
Germany - 6.9%
Altana AG 2,738 65,806
Balda AG(a) 10,916 104,788
BASF AG 17,846 2,461,829
Bayer Schering Pharma AG 6,062 906,505
Beate Uhse AG 33,283 143,420
Deutsche Bank AG 16,395 2,107,313
Deutsche Lufthansa AG 8,122 232,978
Deutsche Post AG 44,307 1,285,427
Deutsche Telekom AG 188,670 3,697,406
Deutsche Wohnen AG 4,066 174,226
E.ON AG 19,318 3,562,160
Grammer AG 4,001 126,603
Hannover Rueckversicherung AG 2,321 117,443
HCI Capital AG 9,562 206,699
Hypo Real Estate Holding AG 2,441 138,442
Muenchener Rueckversicherungs-Gesellshaft AG 6,603 1,265,551
RWE AG 15,781 1,979,467
----------
Total Germany 18,576,063
--------------------------------------------------------------------------------
Hong Kong - 2.7%
Bank of East Asia Ltd. 61,612 345,785
BOC Hong Kong (Holdings) Ltd. 442,341 1,121,703
China Travel International Investment Hong Kong
Ltd. 58 43
Chong Hing Bank Ltd. 11,000 24,043
CITIC International Financial Holdings Ltd. 28 22
CITIC Pacific Ltd. 109,018 696,040
CLP Holdings Ltd. 110,524 765,409
CNOOC Ltd. 1,025,000 1,723,144
Dah Sing Banking Group Ltd. 15,604 34,467
Fountain Set (Holdings) Ltd. 78,018 28,521
Fubon Bank (Hong Kong) Ltd. 4,000 2,368
Hang Seng Bank Ltd. 90,318 1,605,545
Hongkong Electric Holdings Ltd. 94,018 488,930
Hopewell Holdings Ltd. 8 38
Industrial & Commercial Bank of China Ltd. 8 22
Next Media Ltd. 126,000 35,682
Oriental Press Group Ltd. 38 6
PCCW Ltd. 276,048 182,643
Prosperity Real Estate Investment Trust 186,414 39,593
Television Broadcasts Ltd. 4,000 24,045
Wing Hang Bank Ltd. 5,500 63,293
Wing Lung Bank Ltd. 7,800 80,875
----------
Total Hong Kong 7,262,217
--------------------------------------------------------------------------------
Ireland - 0.6%
Abbey PLC 819 8,009
Allied Irish Banks PLC 28,662 692,948
Bank of Ireland 29,126 540,551
Fyffes PLC 21,103 27,311
Independent News & Media PLC 28,115 106,557
Irish Life & Permanent PLC 7,580 167,951
----------
Total Ireland 1,543,327
--------------------------------------------------------------------------------
Italy - 10.1%
Alleanza Assicurazioni SpA 28,063 372,558
Arnoldo Mondadori Editore SpA 28,483 274,841
Banca Intesa SpA 679,067 5,229,454
Banca Monte dei Paschi di Siena SpA 42,086 257,516
See Notes to Financial Statements.
WisdomTree International Dividend Funds 29
Schedule of Investments (unaudited) (continued)
WidsomTree DEFA High-Yielding Equity Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
Banca Profilo SpA 22,852 $ 65,323
Banco Popolare Scarl* 7,539 168,436
Capitalia SpA 104,150 992,383
Credito Artigiano SpA 16,711 94,587
Cremonini SpA 23,230 69,872
Enel SpA 385,654 4,354,754
Eni SpA 173,168 6,400,577
ERGO Previdenza SpA 29,162 165,891
Fiera Milano SpA 4,106 35,328
Gruppo Editoriale L'Espresso SpA(a) 94,479 461,538
Mediaset SpA 17,984 185,170
Mediobanca SpA(a) 13,609 296,891
Mediolanum SpA(a) 29,876 210,741
Milano Assicurazioni SpA 27,868 232,643
Piccolo Credito Valtellinese Scarl 9,337 132,521
Pirelli & C. Real Estate SpA 4,619 235,495
Premuda SpA 85,704 196,964
Recordati SpA 22,926 216,166
Snam Rete Gas SpA 89,838 557,366
Societa Cattolica di Assicurazioni S.c.r.l.(a) 3,338 209,586
Sogefi SpA 12,484 107,057
Telecom Italia SpA 659,258 1,999,354
Terna SpA 100,691 371,240
UniCredito Italiano SpA 312,155 2,663,586
Unione di Banche Italiane SCPA 26,377 707,102
----------
Total Italy 27,264,940
---------------------------------------------------------------------------------
Japan - 0.3%
Aderans Co., Ltd. 1,600 33,457
Advan Co., Ltd. 11,700 100,098
Arisawa Manufacturing Co., Ltd. 6,700 58,952
Avex Group Holdings, Inc. 2,500 32,626
Denki Kogyo Co., Ltd. 1,000 6,903
Kyokuto Securities Co., Ltd. 2,200 20,563
Nippon Parking Development Co., Ltd. 504 27,169
Okasan Holdings, Inc. 2,000 11,598
Oracle Corp. Japan(a) 3,300 150,633
Riken Corp. 9,000 45,229
SBI Holdings, Inc. 62 16,253
Takagi Securities Co., Ltd. 8,000 26,084
Teikoku Tsushin Kogyo Co., Ltd. 2,000 8,555
TonenGeneral Sekiyu K.K. 11,000 110,464
Uniden Corp. 4,000 26,466
Yushiro Chemical Industry Co., Ltd. 300 5,295
----------
Total Japan 680,345
---------------------------------------------------------------------------------
Netherlands - 4.3%
ABN AMRO Holding N.V. 61,173 3,214,545
AEGON N.V. 49,112 938,013
Ballast Nedam N.V. 314 14,406
Heijmans N.V. 1,316 60,619
ING Groep N.V. 77,076 3,412,271
Koninklijke DSM N.V. 1,636 88,063
Nutreco Holding N.V. 1,040 73,316
OCE N.V. 5,465 114,560
Reed Elsevier N.V. 20,903 395,966
Royal KPN N.V. 90,024 1,558,096
Stork N.V. 3,510 228,123
Unilever N.V. 47,569 1,461,921
Univar N.V. 888 67,172
----------
Total Netherlands 11,627,071
------------------------------------------------- ------------------------
New Zealand - 0.7%
Air New Zealand Ltd. 52,138 97,307
Auckland International Airport Ltd. 62,618 148,093
CanWest MediaWorks (NZ) Ltd. 16,999 34,552
Contact Energy Ltd. 13,989 97,139
Fisher & Paykel Appliances Holdings Ltd. 14,263 38,367
Fletcher Building Ltd. 24,395 233,913
Freightways Ltd. 7,459 21,417
Infratil Ltd. 14,296 32,082
New Zealand Refining Co., Ltd. (The) 15,035 86,339
Nuplex Industries Ltd. 4,555 25,263
Telecom Corp. of New Zealand Ltd.(a) 227,856 769,591
Vector Ltd. 29,108 53,885
Warehouse Group Ltd. (The) 47,894 199,038
----------
Total New Zealand 1,836,986
---------------------------------------------------------------------------------
Norway - 0.7%
Acta Holding ASA 21,704 97,267
Aker ASA Class A 1,400 98,372
Aker Yards ASA 8,800 103,057
Camillo Eitzen & Co. ASA 18,800 251,372
DnB NOR ASA 50,724 773,641
Ekornes ASA 3,150 66,808
Norske Skogindustrier ASA 11,702 124,525
Sparebanken Midt-Norge 17,500 225,921
Sparebanken Nord-Norge 4,200 102,633
Storebrand ASA 4 62
Veidekke ASA 9,560 87,274
----------
Total Norway 1,930,932
---------------------------------------------------------------------------------
Portugal - 0.4%
Brisa-Auto-estradas de Portugal S.A. 10,137 132,630
Portugal Telecom, SGPS, S.A. 63,886 893,109
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 10,100 30,020
----------
Total Portugal 1,055,759
---------------------------------------------------------------------------------
Singapore - 1.6%
ComfortDelgro Corp., Ltd. 78,000 101,937
DBS Group Holdings Ltd. 66,000 960,356
Fraser and Neave Ltd. 62 238
HTL International Holdings Ltd. 26,000 14,713
Jaya Holdings Ltd. 39,000 52,545
MobileOne Ltd. 35,000 48,334
OSIM International Ltd. 26,000 10,509
Robinson & Co., Ltd. 9,000 29,465
SembCorp Marine Ltd. 54,600 169,194
Singapore Airlines Ltd. 34,533 432,695
See Notes to Financial Statements.
30 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WidsomTree DEFA High-Yielding Equity Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
Singapore Airport Terminal Services Ltd. 39,000 $ 71,986
Singapore Petroleum Co., Ltd. 1,000 4,581
Singapore Post Ltd. 107,000 87,938
Singapore Press Holdings Ltd. 51,000 148,419
Singapore Telecommunications Ltd. 453,900 1,229,195
SMRT Corp. Ltd. 78,000 89,851
StarHub Ltd. 71,640 149,607
United Overseas Bank Ltd. 49,000 729,496
UOB Kay Hian Holdings Ltd. 39,000 56,486
----------
Total Singapore 4,387,545
------------------------------------------------------------------------------
Spain - 6.6%
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 145,726 3,407,094
Banco Popular Espanol, S.A.(a) 34,003 582,706
Banco Santander Central Hispano S.A. 273,742 5,306,187
Endesa S.A. 44,456 2,534,613
Gestevision Telecinco, S.A.(a) 15,501 405,844
Telefonica, S.A. 198,843 5,551,058
----------
Total Spain 17,787,502
------------------------------------------------------------------------------
Sweden - 2.7%
AB SKF Class B 15,604 308,146
AB Volvo Class A 1,710 29,606
Axfood AB 2,002 67,311
Bilia AB Class A 2,600 46,923
Boliden AB 9,250 196,252
Brostrom AB Class B 5,600 60,163
D. Carnegie & Co. AB 13,602 284,906
Fabege AB 8,460 100,371
H&M Hennes & Mauritz AB Class B 2,054 129,704
Haldex AB 2,200 50,672
HIQ International AB 7,200 45,076
Intrum Justitia AB 7,800 120,876
KappAhl Holding AB 6,200 65,172
Kungsleden Fastighets AB 24,922 319,757
NCC AB Class B 6,300 157,280
Nolato AB Class B 7,200 63,441
Nordea Bank AB 95,618 1,659,888
Sandvik AB 6 128
Scania AB Class A 8 204
Seco Tools Class B 8,000 144,689
Securitas AB Class B 6,800 89,349
Skanska AB Class B 14,804 310,655
Svenska Cellulosa Aktiebolaget SCA Class B 22,200 412,665
Svenska Handelsbanken AB Class A 20,704 640,094
Swedbank AB Class A 19,504 649,726
TeliaSonera AB 123,500 1,112,045
Trelleborg AB Class B 6,000 140,979
----------
Total Sweden 7,206,078
------------------------------------------------------------------------------
Switzerland - 1.8%
Baloise Holding AG 2,259 227,795
Bellevue Group AG 2,530 193,832
Ciba Specialty Chemicals Holding Inc. 2,526 128,333
Swiss Reinsurance Co. 11,432 1,014,808
Swisscom AG 2,492 944,473
UBS AG 41,144 2,204,772
----------
Total Switzerland 4,714,013
------------------------------------------------------------------------------
United Kingdom - 28.6%
Aero Inventory PLC 20,481 240,556
Alliance & Leicester PLC 23,178 373,996
Amlin PLC 5,865 39,372
AstraZeneca PLC 43,824 2,186,584
Aviva PLC 108,064 1,620,407
Barclays PLC 274,662 3,332,312
BP PLC 641,773 7,420,150
Bradford & Bingley PLC 65,666 405,367
British American Tobacco PLC 77,116 2,752,605
BT Group PLC 364,057 2,277,053
Cable & Wireless PLC 29,594 110,940
Carpetright PLC 3,537 75,808
Centrica PLC 105,834 820,437
Compass Group PLC 106,837 657,346
Diageo PLC 94,581 2,069,539
DSG International PLC 90,520 248,968
Electrocomponents PLC 4,807 24,949
Friends Provident PLC 105,460 369,557
GKN PLC 33,854 244,162
GlaxoSmithKline PLC 188,806 4,989,087
HBOS PLC 149,638 2,787,988
HMV Group PLC 20,770 49,509
HSBC Holdings PLC 470,167 8,664,152
IMI PLC 3,122 33,997
Imperial Tobacco Group PLC 23,137 1,056,366
ITV PLC 260,851 545,262
Kelda Group PLC 8,174 143,551
Ladbrokes PLC 67,016 589,490
Legal & General Group PLC 221,174 602,013
Lloyds TSB Group PLC 354,781 3,921,258
LogicaCMG PLC 171,661 528,971
National Grid PLC 95,298 1,522,177
Old Mutual PLC 174,978 571,455
Pearson PLC 37,611 580,447
Pendragon PLC 56,573 68,867
Persimmon PLC 24,384 478,903
Rentokil Initial PLC 188,844 642,133
Resolution PLC 38,531 535,770
Royal & Sun Alliance Insurance Group 75,678 238,212
Royal Bank of Scotland Group (The) PLC 349,493 3,738,205
Royal Dutch Shell PLC Class A 134,664 5,533,791
Scottish & Newcastle PLC 46,086 574,157
Scottish & Southern Energy PLC 34,003 1,046,760
Severn Trent PLC 6,463 185,660
Signet Group PLC 49,015 83,633
Smiths Group PLC 21,189 461,481
Smiths News PLC 15,328 38,099
Taylor Wimpey PLC 12,874 72,326
Tomkins PLC 59,837 277,038
See Notes to Financial Statements.
WisdomTree International Dividend Funds 31
Schedule of Investments (unaudited) (concluded)
WidsomTree DEFA High-Yielding Equity Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
Unilever PLC 47,560 $ 1,497,048
United Utilities PLC 59,430 847,557
Vodafone Group PLC 2,355,032 8,468,507
Wagon PLC 40,086 24,297
Yell Group PLC 53,477 467,401
------------
Total United Kingdom 77,135,676
----------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $250,622,143) 267,205,032
==================================================================================
RIGHTS* - 0.0%
Italy - 0.0%
Capitalia SpA, expiring 10/03/07
(Cost: $0) 104,150 -
==================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $250,622,143) 267,205,032
==================================================================================
SHORT-TERM INVESTMENT - 0.2%
MONEY MARKET FUND - 0.2%
United States - 0.2%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $448,250) 448,250 448,250
==================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 5.8%
MONEY MARKET FUNDS(c) - 5.8%
UBS Enhanced Yield Portfolio, 5.38% 11,928,433 11,928,433
UBS Private Money Market Fund LLC, 5.21% 3,771,754 3,771,754
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $15,700,187)(d) 15,700,187
==================================================================================
TOTAL INVESTMENTS IN SECURITIES - 105.0%
(Cost: $266,770,580)(e) 283,353,469
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (5.0)% (13,595,021)
------------
NET ASSETS - 100.0% $269,758,448
==================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $14,889,035 and the total market value of the collateral held by
the Fund was $15,700,187.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
32 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree Europe Total Dividend Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
COMMON STOCKS - 99.5%
Austria - 0.5%
Andritz AG 128 $ 8,820
Bank Austria Creditanstalt AG 549 113,210
BOEHLER-UDDEHOLM AG 192 20,053
Flughafen Wien AG 96 9,890
OMV AG 882 58,741
Semperit AG Holding 96 4,212
voestalpine AG 353 30,422
Wiener Staedtische AG 168 11,707
Wienerberger AG 318 19,835
---------
Total Austria 276,890
------------------------------------------------------------------------------
Belgium - 2.3%
Barco N.V. 269 23,110
Belgacom S.A. 3,077 142,394
Compagnie Maritime Belge S.A. 734 54,281
Delhaize Group 295 28,193
Dexia N.V. 4,691 141,698
Euronav N.V. 726 22,766
Fortis N.V. 10,577 310,619
Groep Colruyt S.A. 120 25,283
InBev N.V. 1,100 99,431
KBC Ancora 336 37,530
KBC Groep N.V. 1,732 237,646
Mobistar S.A. 551 48,074
Solvay S.A. 358 51,814
UCB S.A. 454 26,717
Umicore 136 32,416
---------
Total Belgium 1,281,972
------------------------------------------------------------------------------
Denmark - 0.7%
A/S Dampskibsselskabat TORM 900 36,575
Amagerbanken A/S 975 55,806
Carlsberg A/S Class B 100 13,622
Danisco A/S 50 3,878
Danske Bank A/S 4,003 162,103
H. Lundbeck A/S 601 16,282
Novo-Nordisk A/S Class B 751 90,412
Novozymes A/S Class B 50 6,267
Rella Holding A/S 700 11,886
Sydbank A/S 50 2,170
---------
Total Denmark 399,001
------------------------------------------------------------------------------
Finland - 2.6%
Elcoteq SE 7,751 52,249
Elektrobit Corp. 4,526 12,230
Elisa Oyj 1,203 37,296
Fortum Oyj 8,000 292,849
KCI Konecranes Oyj 621 24,914
Kemira Oyj 804 18,729
Kesko Oyj Class B 398 26,371
Metso Oyj 804 55,227
Nokia Oyj 13,300 504,263
Nokian Renkaat Oyj 500 19,526
OKO Bank PLC Class A 804 16,579
Outokumpu Oyj 806 28,874
Rautaruukki Oyj 2,095 126,595
Sampo Oyj Class A 3,200 97,434
Sanoma-WSOY Oyj 771 23,914
Stora Enso Oyj Class R 3,200 62,165
TietoEnator Oyj 645 14,438
Uponor Corp. 398 12,322
Wartsila Oyj Class B 405 27,675
YIT Oyj 804 23,829
---------
Total Finland 1,477,479
------------------------------------------------------------------------------
France - 16.5%
Accor S.A. 2,144 189,836
Air France-KLM 3,139 115,041
April Group 2,011 123,693
Assystem 5,974 93,370
AXA S.A. 15,057 671,949
BNP Paribas 6,365 694,649
Bouygues S.A. 1,233 106,070
Carrefour S.A. 3,013 210,519
Casino Guichard Perrachon S.A. 1,569 164,094
Christian Dior S.A. 1,268 161,827
Cie de Saint-Gobain S.A. 1,865 194,121
CNP Assurances S.A. 1,202 153,352
Compagnie Generale des Etablissements Michelin
Class B 1,457 195,355
Credit Agricole S.A. 12,741 490,135
Electricite de France 2,408 253,929
Gaz de France 3,467 179,671
Groupe Danone 2,009 157,712
Ipsen 2,700 155,320
Lafarge S.A. 1,076 166,260
Lagardere SCA 1,584 134,463
L'Air Liquide S.A. 1,276 170,324
L'Oreal S.A. 1,851 242,181
LVMH Moet Hennessy Louis Vuitton S.A. 1,364 163,081
PPR S.A. 1,029 193,080
Renault S.A. 1,661 240,046
Sanofi-Aventis 4,524 382,039
Schneider Electric S.A. 1,244 156,747
Sechilienne-Sidec 1,156 91,242
Societe Generale 2,423 405,510
Ste Industrielle d'Aviation Latecoere S.A. 2,053 59,269
Suez S.A. 10,182 598,037
Technip S.A. 283 25,235
TOTAL S.A. 15,515 1,258,127
VINCI S.A. 2,727 212,486
Vivendi S.A. 9,611 404,581
---------
Total France 9,213,351
------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Total Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
Germany - 9.9%
adidas AG 884 $ 57,830
Allianz SE 1,552 361,646
Baader Wertpapierhandelsbank AG 4,229 26,764
Balda AG 104 998
BASF AG 2,272 313,419
Bayer AG 2,917 231,564
Bayer Schering Pharma AG 586 87,630
Bayerische Motoren Werke AG 1,342 86,323
Beate Uhse AG 4,015 17,301
Beiersdorf AG 542 40,483
Celesio AG 1,357 85,415
Commerzbank AG 1,785 72,069
Continental AG 263 36,273
DaimlerChrysler AG 4,600 462,119
Deutsche Bank AG 1,519 195,243
Deutsche Boerse AG 957 129,975
Deutsche Lufthansa AG 3,411 97,844
Deutsche Post AG 5,743 166,615
Deutsche Postbank AG 917 67,149
Deutsche Telekom AG 37,478 734,465
Deutsche Wohnen AG 2,043 87,541
E.ON AG 3,164 583,429
Fresenius Medical Care AG & Co. KGaA 1,651 87,509
H&R WASAG AG 413 13,532
MAN AG 917 133,085
Metro AG 1,084 97,646
MLP AG 301 4,007
Muenchener Rueckversicherungs-Gesellshaft AG 941 180,355
RWE AG 2,071 259,773
SAP AG 319 18,623
Siemens AG 3,140 430,567
ThyssenKrupp AG 1,984 126,010
Volkswagen AG 901 203,095
---------
Total Germany 5,496,297
-----------------------------------------------------------------------------
Ireland - 0.6%
Allied Irish Banks PLC 4,560 110,245
Anglo Irish Bank Corp. PLC 1,100 20,337
CRH PLC 1,132 44,497
DCC PLC 224 6,626
FBD Holdings PLC 2,510 78,531
Fyffes PLC 5,302 6,862
Glanbia PLC 1,696 10,178
IAWS Group PLC 147 3,251
Independent News & Media PLC 2,937 11,131
Irish Life & Permanent PLC 1,148 25,436
Kerry Group PLC Class A 256 7,573
Kingspan Group PLC 334 7,301
McInerney Holdings PLC 1,755 3,325
Readymix PLC 3,756 9,455
---------
Total Ireland 344,748
-----------------------------------------------------------------------------
Italy - 9.8%
Actelios SpA 116 1,180
AEM SpA 29,255 109,213
Alleanza Assicurazioni SpA 6,007 79,748
Arnoldo Mondadori Editore SpA 277 2,673
Assicurazioni Generali SpA 4,883 214,303
Atlantia SpA 2,392 80,588
Autogrill SpA 4,300 82,617
Banca Carige SpA 14,640 69,852
Banca Finnat Euramerica SpA 34,985 44,032
Banca Intesa SpA 97,247 748,893
Banca Italease SpA 3,578 66,659
Banca Monte dei Paschi di Siena SpA 11,750 71,896
Banca Popolare dell'Etruria e del Lazio 7,118 123,296
Banco di Desio e della Brianza SpA 643 7,270
Capitalia SpA 11,678 111,273
Credito Emiliano SpA 259 3,543
Enel SpA 54,334 613,532
Eni SpA 33,025 1,220,659
ERG SpA 693 15,138
ERGO Previdenza SpA 1,987 11,303
Finmeccanica SpA 3,092 89,837
Gruppo Editoriale L'Espresso SpA 1,622 7,924
Ifil Investments SpA 12,213 131,307
Luxottica Group SpA 2,678 90,909
Mediaset SpA 1,592 16,392
Mediobanca SpA(a) 3,427 74,763
Premuda SpA 1,977 4,544
Recordati SpA 18,767 176,951
Risanamento SpA 2,832 21,326
Snam Rete Gas SpA(a) 15,471 95,984
Societa Cattolica di Assicurazioni S.c.r.l. 233 14,630
Telecom Italia SpA 124,392 377,248
Terna SpA 24,152 89,047
UniCredito Italiano SpA 48,665 415,253
Unione di Banche Italiane SCPA 5,918 158,647
---------
Total Italy 5,442,430
-----------------------------------------------------------------------------
Netherlands - 5.2%
ABN AMRO Holding N.V. 13,043 685,389
AEGON N.V. 7,793 148,842
Akzo Nobel N.V. 1,148 94,366
CSM 154 5,151
European Aeronautic Defence & Space Co. EADS
N.V. 1,966 60,281
Heineken Holding N.V. 957 54,712
Heineken N.V. 869 56,874
ICT Automatisering N.V. 487 8,166
ING Groep N.V. 12,315 545,204
Koninklijke DSM N.V. 861 46,346
Koninklijke Philips Electronics N.V. 3,395 152,812
Koninklijke Wessanen N.V. 440 6,464
Ordina N.V. 512 9,451
See Notes to Financial Statements.
34 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Total Dividend Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
Randstad Holding N.V. 961 $ 51,811
Reed Elsevier N.V. 2,190 41,485
Royal KPN N.V. 15,310 264,979
STMicroelectronics N.V. 5,895 98,842
TNT N.V. 1,489 62,257
Unilever N.V. 4,491 138,020
Unilever N.V. CVA 8,529 262,604
USG People N.V. 516 14,669
Vedior N.V. 1,672 36,690
Wolters Kluwer N.V. 1,442 42,696
---------
Total Netherlands 2,888,111
----------------------------------------------------------------------------------
Norway - 1.6%
Acta Holding ASA 4,403 19,732
Aker ASA Class A 160 11,243
Aker Yards ASA 800 9,369
DnB NOR ASA 8,706 132,784
Ekornes ASA 700 14,846
Norsk Hydro ASA 5,653 244,479
Norske Skogindustrier ASA 1,602 17,047
Orkla ASA 4,005 71,129
Sparebank 1 SR Bank 1,100 33,473
Sparebanken Midt-Norge 4,100 52,930
Sparebanken Nord-Norge 850 20,771
Statoil ASA 6,005 203,498
Storebrand ASA 3,003 46,411
Yara International ASA 1,501 47,198
---------
Total Norway 924,910
----------------------------------------------------------------------------------
Portugal - 0.9%
Banco BPI, S.A. 2,264 18,997
Banco Comercial Portugues S.A. Class R(a) 15,157 62,727
Banco Espirito Santo, S.A. 2,376 53,727
Brisa-Auto-estradas de Portugal S.A. 2,518 32,945
EDP-Energias de Portugal, S.A. 17,439 101,684
Jeronimo Martins, SGPS, S.A. 1,589 9,740
Mota-Engil, SGPS, S.A. 1,100 8,369
Portucel-Empresa Produtora De Pasta E Papel, S.A. 2,678 9,864
Portugal Telecom, SGPS, S.A. 9,169 128,180
PT Multimedia - Servicos de Telecomunicacoes e
Multimedia, SGPS, S.A. 1,396 20,727
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 2,718 8,079
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 869 14,126
Sonae SGPS, S.A. 5,597 14,487
---------
Total Portugal 483,652
----------------------------------------------------------------------------------
Spain - 8.6%
Abertis Infraestructuras S.A. 2,064 64,371
Acciona, S.A. 295 80,005
ACS, Actividades Construccion y Servicios, S.A. 1,116 61,422
Altadis, S.A. 981 68,836
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 20,630 482,332
Banco Espanol de Credito, S.A. 2,325 43,216
Banco Guipuzcoano S.A.(a) 6,588 132,573
Banco Popular Espanol, S.A. 5,496 94,184
Banco Sabadell S.A.(a) 4,975 47,758
Banco Santander Central Hispano S.A. 45,740 886,619
Bankinter, S.A. 2,635 37,886
Campofrio Alimentacion S.A. 1,909 33,936
Cia Espanola De Petroleos, S.A.(a) 885 88,857
Endesa S.A. 9,572 545,738
Fomento de Construcciones y Contratas S.A. 606 48,908
Gas Natural SDG, S.A. 2,072 116,689
Gestevision Telecinco, S.A. 2,693 70,508
Grupo Catalana Occidente S.A. 3,898 138,699
Grupo Ferrovial S.A. 622 52,500
IBERDROLA, S.A. 4,996 292,728
Inditex S.A. 1,124 75,545
Mapfre S.A. 5,494 24,768
Metrovacesa S.A.(a) 1,716 194,623
Montebalito S.A. 738 11,608
Red Electrica de Espana, S.A. 1,128 58,312
Repsol YPF, S.A. 4,667 166,261
Telefonica, S.A. 28,538 796,688
Union Fenosa, S.A. 1,100 64,905
---------
Total Spain 4,780,475
----------------------------------------------------------------------------------
Sweden - 3.9%
AB SKF Class B 1,602 33,617
AB Volvo Class A 1,905 32,982
AB Volvo Class B 2,310 40,083
Alfa Laval AB 801 51,324
Assa Abloy AB Class B 1,602 33,122
Atlas Copco AB Class A 3,204 55,224
Atlas Copco AB Class B 2,604 41,461
Electrolux AB Series B 2,403 50,704
Eniro AB 1,003 12,171
Getinge AB Class B 1,600 38,584
H&M Hennes & Mauritz AB Class B 3,602 227,455
Hexagon AB Class B 2,403 48,569
Investment AB Kinnevik Class B 2,403 50,333
L E Lundbergforetagen AB Class B 400 27,454
Nordea Bank AB 16,012 277,962
Sandvik AB 4,804 102,666
Scania AB Class A 3,304 84,272
Scania AB Class B 3,204 77,759
Securitas AB Class B 1,602 21,049
Skandinaviska Enskilda Banken AB 3,202 103,697
Skanska AB Class B 1,602 31,636
SSAB Svenskt Stal AB Series A 1,303 48,039
Svenska Cellulosa Aktiebolaget SCA Class B 2,203 40,950
Svenska Handelsbanken AB Class A 3,202 98,994
Swedbank AB Class A 3,202 106,667
Swedish Match AB 2 41
Telefonaktiebolaget LM Ericsson Class A 8,006 31,633
Telefonaktiebolaget LM Ericsson Class B 54,030 215,484
TeliaSonera AB 19,015 171,219
---------
Total Sweden 2,155,151
----------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 35
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Total Dividend Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
Switzerland - 4.7%
Adecco S.A. 646 $ 38,073
Ciba Specialty Chemicals Holding Inc. 678 34,446
Credit Suisse Group 5,002 330,983
Givaudan S.A. 48 44,212
Holcim Ltd. 566 62,307
Julius Baer Holdings AG 941 70,120
Kuehne + Nagel International AG 534 52,385
Nestle S.A. 1,449 648,714
Novartis AG 6,565 361,069
Roche Holding AG 1,316 237,808
Swatch Group AG (The) Class B 204 66,708
Swiss Reinsurance Co. 1,433 127,206
Swisscom AG 350 132,651
UBS AG 7,108 380,894
Zurich Financial Services AG 54 16,144
----------
Total Switzerland 2,603,720
---------------------------------------------------------------------------------
United Kingdom - 31.7%
Abacus Group PLC 47,636 78,611
Accident Exchange Group PLC 22,365 63,336
Aero Inventory PLC 6,489 76,215
A & J Mucklow Group PLC 637 4,075
Anglo American PLC 3,714 248,869
AstraZeneca PLC 8,268 412,529
ATH Resources PLC 758 2,965
Aviva PLC 19,142 287,032
BAE SYSTEMS PLC 33,635 338,176
Barclays PLC 44,267 537,065
BG Group PLC 17,118 295,045
BHP Billiton PLC 12,318 439,182
Blacks Leisure Group PLC 8,230 45,901
Bloomsbury Publishing PLC 14,785 44,506
BP PLC 103,682 1,198,766
Bradford & Bingley PLC 2,987 18,439
British American Tobacco PLC 15,706 560,615
British Polythene Industries 1,298 10,009
British Sky Broadcasting PLC 11,917 168,740
BT Group PLC 78,085 488,395
Carter & Carter Group PLC 18,719 30,605
Centrica PLC 37,266 288,890
Chesnara PLC 2,396 8,579
Compass Group PLC 34,650 213,194
Dawson Holdings PLC 12,297 26,055
Diageo PLC 15,438 337,801
FirstGroup PLC 2,833 39,739
GCAP Media PLC 1,039 4,392
GlaxoSmithKline PLC 28,500 753,097
HBOS PLC 25,916 482,855
HMV Group PLC 4,059 9,675
HSBC Holdings PLC 76,221 1,404,587
Imperial Tobacco Group PLC 4,203 191,896
iomart Group PLC* 14,544 15,408
Johnson Service Group PLC 4,433 22,760
Kingfisher PLC 2,896 10,549
Lloyds TSB Group PLC 70,950 784,183
London Scottish Bank PLC 13,747 22,266
Marks & Spencer Group PLC 18,770 235,374
Metalrax Group PLC 4,206 4,906
National Grid PLC 22,952 366,608
Northern Rock PLC 7,206 26,309
Old Mutual PLC 72,046 235,293
Pearson PLC 15,428 238,099
Provident Financial PLC 5,293 96,406
Prudential PLC 22,224 340,264
Reckitt Benckiser PLC 4,301 251,663
Reed Elsevier PLC 19,182 241,517
Renishaw PLC 840 11,398
Rentokil Initial PLC 1,795 6,104
Rio Tinto PLC 4,290 369,538
Royal Bank of Scotland Group (The) PLC 54,662 584,669
Royal Dutch Shell PLC Class A 22,784 936,270
Royal Dutch Shell PLC Class B 10,083 413,317
SABMiller PLC 11,450 324,721
Sage Group (The) PLC 33,220 168,695
Scottish & Southern Energy PLC 10,518 323,790
Smiths News PLC 26,992 67,090
Standard Chartered PLC 10,550 343,904
Tesco PLC 34,138 305,503
Tomkins PLC 31 144
Tribal Group PLC 22,461 64,065
Tullow Oil PLC 7,498 91,045
Unilever PLC 8,692 273,598
Vodafone Group PLC 378,315 1,360,390
Wagon PLC 3,057 1,853
Whatman PLC 900 3,415
----------
Total United Kingdom 17,650,950
---------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $49,893,683) 55,419,137
=================================================================================
RIGHTS* - 0.0%
Austria - 0.0%
Winerberger AG, expiring 10/08/07 318 -
---------------------------------------------------------------------------------
Italy - 0.0%
Capitalia SpA, expiring 10/03/07 11,678 -
=================================================================================
TOTAL RIGHTS
(Cost: $0) -
=================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $49,893,683) 55,419,137
=================================================================================
SHORT-TERM INVESTMENT - 0.1%
MONEY MARKET FUND - 0.1%
United States - 0.1%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $54,316) 54,316 54,316
=================================================================================
See Notes to Financial Statements.
36 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Total Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.1%
MONEY MARKET FUNDS(c) - 1.1%
UBS Enhanced Yield Portfolio, 5.38% 96,426 $ 96,426
UBS Private Money Market Fund LLC, 5.21% 502,394 502,394
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $598,820)(d) 598,820
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.7%
(Cost: $50,546,819)(e) 56,072,273
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (0.7)% (382,308)
-----------
NET ASSETS - 100.0% $55,689,965
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $569,341 and the total market value of the collateral held by the
Fund was $598,820.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 37
Schedule of Investments (unaudited)
WisdomTree Europe High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Belgium - 2.5%
Barco N.V. 403 $ 34,623
Belgacom S.A. 6,042 279,604
Cofinimmo 89 15,702
Compagnie Maritime Belge S.A. 615 45,480
Dexia N.V. 5,268 159,128
Euronav N.V. 4,076 127,817
Fortis N.V. 17,252 506,646
KBC Ancora 210 23,456
KBC Groep N.V. 1,387 190,309
---------
Total Belgium 1,382,765
-----------------------------------------------------------------------------
Denmark - 0.6%
A/S Dampskibsselskabat TORM 2 81
Danske Bank A/S 5,108 206,850
Harboes Bryggeri A/S 1,150 32,911
TrygVesta A/S 1,400 111,918
---------
Total Denmark 351,760
-----------------------------------------------------------------------------
Finland - 1.9%
Elektrobit Group Oyj 1,903 5,142
Metso Oyj 4,206 288,910
OKO Bank PLC Class A 2,411 49,718
PKC Group Oyj 676 10,239
Rautaruukki Oyj 4,418 266,967
Sampo Oyj Class A 6,228 189,632
Sanoma-WSOY Oyj 2,009 62,313
Stora Enso Oyj Class R 6,829 132,664
Uponor Corp. 805 24,923
---------
Total Finland 1,030,508
-----------------------------------------------------------------------------
France - 16.7%
ABC Arbitrage 623 5,484
AXA S.A. 26,507 1,182,929
BNP Paribas 11,940 1,303,081
Casino Guichard Perrachon S.A. 1,893 197,979
Credit Agricole S.A. 24,602 946,418
Euler Hermes S.A. 680 90,391
Gaz de France(a) 5,410 280,363
M6, Metropole Television 2,462 71,252
PagesJaunes S.A. 1,301 26,662
Rallye S.A. 685 48,709
Societe Des Autoroutes Paris-Rhin-Rhone 2,427 254,380
Societe Generale 5,055 845,997
Suez S.A. 15,033 882,960
TOTAL S.A. 23,779 1,928,262
Valeo S.A. 4,507 250,104
Vivendi S.A. 18,233 767,529
---------
Total France 9,082,500
-----------------------------------------------------------------------------
Germany - 7.3%
AWD Holding AG 5,107 170,170
BASF AG 5,302 731,403
Bayer Schering Pharma AG 2,913 435,607
Beate Uhse AG 12,439 53,601
Deutsche Lufthansa AG 4,547 130,430
Deutsche Telekom AG 64,930 1,272,447
Deutsche Wohnen AG 236 10,112
MPC Muenchmeyer Petersen Capital AG 589 50,192
Muenchener Rueckversicherungs-Gesellshaft AG 2,327 446,000
Norddeutsche Affinerie AG 1,340 58,695
RWE AG 5,045 632,812
---------
Total Germany 3,991,469
-----------------------------------------------------------------------------
Ireland - 0.7%
Abbey PLC 1,525 14,913
Allied Irish Banks PLC 10,850 262,315
Fyffes PLC 4,915 6,361
Irish Life & Permanent PLC 4,027 89,227
---------
Total Ireland 372,816
-----------------------------------------------------------------------------
Italy - 13.2%
Alleanza Assicurazioni SpA 13,633 180,989
Arnoldo Mondadori Editore SpA 6,502 62,740
ASM SpA 7,145 44,049
Banca Intermobiliare SpA 1,128 11,630
Banca Intesa SpA 204,265 1,573,032
Enel SpA 130,903 1,478,140
Eni SpA 51,323 1,896,983
Gruppo Editoriale L'Espresso SpA 19,524 95,376
Milano Assicurazioni SpA 8,041 67,126
Premuda SpA 17,684 40,641
Snam Rete Gas SpA(a) 29,599 183,636
Telecom Italia SpA 140,828 427,094
Terna SpA 36,820 135,752
UniCredito Italiano SpA 97,639 833,143
Unione di Banche Italiane SCPA 5,749 154,116
---------
Total Italy 7,184,447
-----------------------------------------------------------------------------
Netherlands - 4.2%
ABN AMRO Holding N.V. 18,695 982,393
AEGON N.V. 4,172 79,683
ING Groep N.V. 25,582 1,132,554
Royal KPN N.V. 6,207 107,428
---------
Total Netherlands 2,302,058
-----------------------------------------------------------------------------
Norway - 0.9%
ABG Sundal Collier ASA 8,009 21,122
Acta Holding ASA 19,109 85,638
Aker ASA Class A 1,000 70,266
Aker Yards ASA 1,300 15,224
Camillo Eitzen & Co. ASA 611 8,170
DnB NOR ASA 15,917 242,766
Ekornes ASA 701 14,867
Sparebanken Midt-Norge 1,501 19,378
Storebrand ASA 5 77
Veidekke ASA 2,000 18,258
---------
Total Norway 495,766
-----------------------------------------------------------------------------
See Notes to Financial Statements.
38 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe High-Yielding Equity Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
Portugal - 0.3%
Portugal Telecom, SGPS, S.A. 12,926 $ 180,702
-------------------------------------------------------------------------------
Spain - 8.9%
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 31,563 737,947
Banco Santander Central Hispano, S.A. 80,416 1,558,775
Endesa S.A. 14,724 839,474
Gestevision Telecinco, S.A. 3,086 80,797
Telefonica, S.A. 57,641 1,609,152
-----------
Total Spain 4,826,145
-------------------------------------------------------------------------------
Sweden - 3.2%
AB Volvo Class A 10 173
Axfood AB 601 20,207
Brostrom AB Class B 20,100 215,944
D. Carnegie & Co. AB 11,200 234,594
Electrolux AB Series B 4 84
Fabege AB 3,204 38,013
H&M Hennes & Mauritz AB Class B 8 505
Holmen AB Class B 401 15,311
Kungsleden Fastighets AB 5,303 68,039
Nolato AB Class B 2,800 24,671
Nordea Bank AB 28,732 498,775
Ratos AB Class B 2 59
Scania AB Class A 8 204
Skanska AB Class B 6 118
Svenska Cellulosa Aktiebolaget SCA Class B 3,606 67,030
Svenska Handelsbanken AB Class A 8,307 256,823
Swedbank AB Class A 5,906 196,743
TeliaSonera AB 14,000 126,062
-----------
Total Sweden 1,763,355
-------------------------------------------------------------------------------
Switzerland - 1.0%
Ciba Specialty Chemicals Holding Inc. 826 41,965
Swisscom AG 814 308,508
Zurich Financial Services AG 561 167,719
-----------
Total Switzerland 518,192
-------------------------------------------------------------------------------
United Kingdom - 37.9%
A & J Mucklow Group PLC 2,049 13,108
Alexon Group PLC 15,274 57,725
AstraZeneca PLC 15,447 770,723
Aviva PLC 26,536 397,904
Barclays PLC 84,682 1,027,397
BP PLC 175,359 2,027,494
British American Tobacco PLC 22,315 796,519
BT Group PLC 108,531 678,825
Carpetright PLC 629 13,481
Chesnara PLC 6,947 24,875
Christian Salvesen PLC 35,149 45,115
Devro PLC 114 206
Diageo PLC 29,551 646,609
GKN PLC 17,643 127,245
GlaxoSmithKline PLC 50,191 1,326,267
HBOS PLC 46,142 859,697
HMV Group PLC 6,944 16,552
HSBC Holdings PLC 127,492 2,349,400
Imperial Tobacco Group PLC 1,855 84,694
Kingfisher PLC 69,244 252,241
Ladbrokes PLC 717 6,307
Legal & General Group PLC 127,616 347,358
Lloyds TSB Group PLC 106,255 1,174,396
National Grid PLC 37,028 591,441
Old Mutual PLC 109,130 356,404
Pearson PLC 18,693 288,488
Persimmon PLC 2,187 42,953
Renishaw PLC 2,982 40,462
Rentokil Initial PLC 68,749 233,770
Royal Bank of Scotland Group (The) PLC 102,576 1,097,161
Royal Dutch Shell PLC Class A 35,365 1,453,265
Scottish & Southern Energy PLC 1,071 32,970
Smiths Group PLC 11,951 260,284
Smiths News PLC 1,273 3,164
Tomkins PLC 47,064 217,900
Unilever PLC 16,222 510,620
Vodafone Group PLC 663,406 2,385,554
-----------
Total United Kingdom 20,558,574
-------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $49,405,417) 54,041,057
===============================================================================
SHORT-TERM INVESTMENT - 0.1%
MONEY MARKET FUND(b) - 0.1%
United States - 0.1%
Columbia Cash Reserves Fund, 4.99%
(Cost: $43,971) 43,971 43,971
===============================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.8%
MONEY MARKET FUND(c) - 0.8%
UBS Private Money Market Fund LLC, 5.21%
(Cost: $422,330)(d) 422,330 422,330
===============================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.2%
(Cost: $49,871,718)(e) 54,507,358
Liabilities in Excess of Foreign Currency and
Other Assets - (0.2)% (90,792)
-----------
NET ASSETS - 100.0% $54,416,566
===============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $401,569 and the total market value of the collateral held by the
Fund was $422,330.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 39
Schedule of Investments (unaudited)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
COMMON STOCKS - 99.2%
Austria - 1.0%
AT&S Austria Technologie & Systemtechnik AG 4,933 $ 127,892
Flughafen Wien AG 5,405 556,826
Schoeller-Bleckmann Oilfield Equipment AG 1,379 117,080
Semperit AG Holding 4,818 211,382
---------
Total Austria 1,013,180
----------------------------------------------------------------------------
Belgium - 3.9%
Barco N.V. 3,993 343,047
Cofinimmo 4,156 733,251
Cumerio N.V. 7,880 319,386
Econocom Group S.A./N.V. 8,836 95,125
Euronav N.V. 36,232 1,136,176
EVS Broadcast Equipment S.A. 3,424 341,348
Exmar N.V. 4,276 130,744
Melexis N.V. 11,786 216,726
Tessenderlo Chemie N.V. 9,364 541,203
---------
Total Belgium 3,857,006
----------------------------------------------------------------------------
Denmark - 1.4%
A/S Dampskibsselskabat TORM 20 813
Amagerbanken A/S 3,755 214,926
Auriga Industries A/S Class B 5,861 120,768
Bang & Olufsen A/S Class B(a) 2,080 234,138
Forstaedernes Bank A/S 800 34,190
NKT Holding A/S 11 1,230
Rella Holding A/S 7,650 129,900
SimCorp A/S 1,800 404,209
Spar Nord Bank A/S 8,117 187,386
---------
Total Denmark 1,327,560
----------------------------------------------------------------------------
Finland - 6.9%
Ahlstrom Oyj 7,094 200,564
Alma Media Corp. 19,789 330,961
Amer Sports Oyj(a) 20,801 480,710
Aspo Oyj 12,068 115,160
Citycon Oyj 50,925 323,731
Comptel PLC 34,495 96,152
Elcoteq SE 16,729 112,770
Elektrobit Corp. (a) 38,951 105,249
Finnair Oyj 14,776 245,860
HK-Ruokatalo Oyj Class A 6,848 142,869
Huhtamaki Oyj 7,920 120,181
Kemira GrowHow Oyj 24,293 414,925
Lassila & Tikanoja Oyj 7,850 252,638
M-real Oyj Class B 78,305 436,537
Orion Oyj Class B 87,942 2,228,687
PKC Group Oyj 10,840 164,181
Poyry Oyj 17,931 448,300
Raisio PLC Class V 47,280 130,444
Stockmann Oyj Abp Class B(a) 3,603 173,345
Talentum Oyj 27,267 136,498
Technopolis PLC 7,679 66,835
---------
Total Finland 6,726,597
----------------------------------------------------------------------------
France - 4.6%
April Group 2,556 $ 157,214
Assystem 8,004 125,098
Bacou Dalloz 998 124,161
Canal Plus S.A. 41,779 464,039
Carbone Lorraine 2,853 220,925
Groupe Steria SCA 2,090 105,487
Haulotte Group 2,411 90,692
IMS-International Metal Service 6,850 286,407
Kaufman & Broad S.A. 8,652 532,167
Manitou BF S.A. 12,741 688,545
NRJ Group(a) 28,573 371,811
Oberthur Card Systems S.A. 31,200 277,319
Sechilienne-Sidec 5,521 435,769
Sequana Capital S.A. 7,810 257,127
Ste Industrielle d'Aviation Latecoere S.A. 4,877 140,797
TRIGANO S.A. 3,989 179,833
---------
Total France 4,457,391
----------------------------------------------------------------------------
Germany - 7.3%
AWD Holding AG 18,933 630,866
Balda AG 9,321 89,477
Beate Uhse AG 27,172 117,087
Bechtle AG 5,058 219,106
Comdirect Bank AG 58,898 732,077
DAB Bank AG 16,981 151,176
Demag Cranes AG 1,885 88,572
Deutsche Wohnen AG 14,152 606,404
ElringKlinger AG 3,264 369,031
Gerry Weber International AG 5,151 165,996
Gildemeister AG 507 14,046
Grammer AG 4,348 137,583
Grenkeleasing AG 3,390 131,616
HCI Capital AG 17,316 374,314
IDS Scheer AG 5,031 110,542
Indus Holding AG 7,201 266,263
Koenig & Bauer AG 4,163 149,490
Leoni AG 5,779 351,674
MPC Muenchmeyer Petersen Capital AG 8,632 735,578
Norddeutsche Affinerie AG 15,963 699,215
Pfeiffer Vacuum Technology AG 256 23,169
Sixt AG 2,226 111,021
Takkt AG 8,370 141,650
Techem AG 9,348 624,298
Vivacon AG 4,274 110,928
---------
Total Germany 7,151,179
----------------------------------------------------------------------------
Ireland - 1.7%
Abbey PLC 2,719 26,590
Fyffes PLC 394,690 510,790
Glanbia PLC 51,904 311,500
Greencore Group PLC 53,552 348,427
McInerney Holdings PLC 29,820 56,501
Paddy Power PLC 6,899 243,127
See Notes to Financial Statements.
40 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
United Drug PLC 32,624 $ 151,045
---------
Total Ireland 1,647,980
--------------------------------------------------------------------------------
Italy - 7.5%
AcegasAps SpA 6,808 72,663
Actelios SpA 11,813 120,119
Amplifon SpA 29,084 229,765
Anima SGRpA 22,922 94,699
Astaldi SpA 12,621 101,053
Banca IFIS SpA 11,393 148,253
Banca Intermobiliare SpA 44,638 460,244
Banca Popolare dell'Etruria e del Lazio 8,666 150,111
Banca Profilo SpA 61,531 175,888
Banco di Desio e della Brianza SpA 12,083 136,611
Brembo SpA 14,986 197,885
Caltagirone SpA 14,434 150,876
COFIDE - Compagnia Finanziaria De Benedetti SpA 71,814 122,556
Credito Artigiano SpA 49,259 278,814
Cremonini SpA 120,534 362,548
Fiera Milano SpA 11,116 95,642
Gewiss SpA 14,025 105,911
GranitiFiandre SpA 14,349 201,105
Gruppo Editoriale L'Espresso SpA(a) 181,502 886,651
I.M.A. - Industria Macchine Automatiche SpA 17,346 394,698
Immobiliare Grande Distribuzione 6,926 27,087
Intek SpA 382,364 435,023
Marazzi Group SpA 6,059 75,656
MARR SpA 20,050 217,990
Marzotto SpA 22,540 127,740
Meliorbanca SpA 5,027 26,595
Navigazione Montanari SpA 26,097 125,352
Panariagroup Industrie Ceramiche SpA 16,380 138,837
Premafin Finanziaria SpA 23,431 70,643
Premuda SpA 68,111 156,532
Recordati SpA 42,263 398,492
SAES Getters SpA 2,456 91,267
Societa Iniziative Autostradali e Servizi SpA 33,178 499,207
SOGEFI SpA 29,239 250,741
SOL SpA 11,817 94,111
Tamburi Investment Partners SpA 2,688 9,213
Vittoria Assicurazioni SpA 4,250 80,266
---------
Total Italy 7,310,844
--------------------------------------------------------------------------------
Netherlands - 5.6%
Arcadis N.V. 2,214 158,377
Ballast Nedam N.V. 3,215 147,500
Beter Bed Holding N.V. 6,664 187,080
Brunel International 2,265 64,101
Draka Holding 825 36,723
Exact Holding N.V. 7,719 321,643
Heijmans N.V. 7,447 343,034
ICT Automatisering N.V. 7,827 131,236
Koninklijke Wessanen N.V. 36,802 540,651
Macintosh Retail Group N.V. 4,983 174,755
OCE N.V. 43,336 908,431
OPG Groep N.V. 4,432 143,708
Sligro Food Group NV 3,178 144,311
Smit Internationale N.V. 5,027 437,599
Stork N.V. (a) 9,639 626,460
Ten Cate N.V. 5,199 210,648
TKH Group NV 974 23,922
Univar N.V. 9,773 739,269
Wegener N.V. 6,002 151,083
---------
Total Netherlands 5,490,531
--------------------------------------------------------------------------------
Norway - 6.3%
ABG Sundal Collier ASA 319,520 842,664
Acta Holding ASA 200,328 897,777
Aker Yards ASA 48,905 572,727
BW Gas ASA(a) 69,800 955,811
Camillo Eitzen & Co. ASA 25,044 334,859
Cermaq ASA 2,700 49,795
Ekornes ASA 7,450 158,006
Expert ASA 900 26,972
Hafslund ASA Class B 9,572 265,681
Leroy Seafood Group ASA 3,805 86,314
NorGani Hotels ASA 8,135 140,278
Sparebank 1 SR Bank 14,900 453,410
Sparebanken Midt-Norge 37,788 487,834
Sparebanken Nord-Norge 8,400 205,265
Tomra Systems ASA 22,028 158,438
Veidekke ASA 58,390 533,045
---------
Total Norway 6,168,876
--------------------------------------------------------------------------------
Portugal - 1.5%
Banif SGPS, S.A. 12,420 84,783
Corticeira Amorim-Industria S.A. 43,699 125,536
Finibanco Holding SGPS S.A. 21,030 123,220
Mota-Engil, SGPS, S.A. 37,825 287,791
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 117,710 349,869
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 32,540 528,943
---------
Total Portugal 1,500,142
--------------------------------------------------------------------------------
Singapore - 0.1%
XP Power Ltd. 8,028 58,963
--------------------------------------------------------------------------------
Spain - 1.8%
Adolfo Dominguez 625 29,821
Campofrio Alimentacion S.A. 18,564 330,010
Cie Automotive S.A. 7,411 88,638
Europistas, Concesionaria Espanola S.A. 12,558 122,515
Grupo Duro Felguera S.A. 36,363 414,743
Montebalito S.A. 2,217 34,871
Pescanova S.A. 264 12,195
Tavex Algodonera S.A. 35,184 121,590
Tubacex S.A. 11,497 112,491
Tubos Reunidos, S.A. 5,866 177,692
Uralita S.A. 22,125 216,794
See Notes to Financial Statements.
WisdomTree International Dividend Funds 41
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2007
----------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------
Vidrala SA 1,696 $ 61,336
----------
Total Spain 1,722,696
----------------------------------------------------------------------
Sweden - 10.2%
AarhusKarlshamn AB 9,900 231,085
Axfood AB 26,505 891,141
Bilia AB Class A 20,538 370,659
Billerud AB 23,938 320,084
Brostrom AB Class B 38,500 413,623
Cardo AB 10,622 361,234
Clas Ohlson AB Class B(a) 16,322 397,387
D. Carnegie & Co. AB(a) 60,405 1,265,235
Elekta AB Class B(a) 9,200 149,326
Fabege AB 47 558
Hakon Invest AB 27,600 519,443
Haldex AB 6,800 156,623
HIQ International AB 29,400 184,061
Hoganas AB Class B 6,400 169,175
HQ AB 1,750 47,882
Indutrade AB 1,000 23,187
Intrum Justitia AB 26,255 406,870
JM AB 43 1,034
KappAhl Holding AB 11,000 115,627
Kungsleden Fastighets AB 138,352 1,775,100
Mekonomen AB 1,405 28,886
NCC AB Class B 28,844 720,090
New Wave Group AB Class B 12,000 118,719
Nibe Industrier AB Class B 7,822 77,990
Nobia AB 21,600 207,016
Nolato AB Class B 6,800 59,916
Nordnet AB Class B 47,500 143,182
Peab AB 98 1,057
Peab Industri AB Class B* 49 454
Q-Med AB 5,900 84,363
Seco Tools Class B 30,600 553,435
SkiStar AB 11,600 210,247
SSAB Svenskt Stal AB Series B 149 5,067
----------
Total Sweden 10,009,756
----------------------------------------------------------------------
Switzerland - 0.7%
Bellevue Group AG 7,402 567,094
Bucher Industries AG 219 40,531
Kudelski S.A. 4,336 122,189
----------
Total Switzerland 729,814
----------------------------------------------------------------------
United Kingdom - 38.7%
Abbot Group PLC 48,973 295,584
Aero Inventory PLC 23,898 280,690
Aga Foodservice Group PLC 33,314 285,742
Alexon Group PLC 37,396 141,330
Alfred McAlpine PLC 9,497 94,373
Amstrad PLC 46,509 142,133
ATH Resources PLC 5,902 23,087
Atrium Underwriting PLC 5,110 37,922
Beazley Group PLC 125,008 466,073
Bespak PLC 7,959 106,615
Big Yellow Group PLC 11,040 112,405
Blacks Leisure Group PLC 22,454 125,231
Bloomsbury Publishing PLC 38,431 115,684
Bodycote International PLC 78,907 398,688
BPP Holdings PLC 14,845 185,096
Brewin Dolphin Holdings PLC 58,554 219,204
Brit Insurance Holdings PLC 176,810 1,230,163
British Polythene Industries 15,736 121,346
BSS Group PLC 14,221 132,987
Burren Energy PLC 10,258 175,553
Business Post Group PLC 28,352 259,355
Carpetright PLC 26,844 575,345
Castings PLC 18,904 109,380
Centaur Media PLC 28,614 69,082
Charles Taylor Consulting PLC 13,289 97,603
Chemring Group PLC 3,325 122,274
Chesnara PLC 74,772 267,732
Chloride Group PLC 43,167 158,303
Clarkson PLC 3,384 66,876
Clinton Cards PLC 182,612 197,183
communisis PLC 119,571 176,616
Computacenter PLC 24,337 99,414
Cranswick PLC 9,780 146,650
Croda International PLC 31,618 412,268
Dairy Crest Group PLC 51,572 660,891
Dart Group PLC 7,707 14,053
Davenham Group PLC 18,636 106,121
Davis Service Group PLC 69,351 756,620
Dawson Holdings PLC 69,169 146,558
Dechra Pharmaceuticals PLC 12,666 89,931
Development Securities PLC 3,106 34,045
Diploma PLC 8,166 183,506
Domestic & General Group PLC 9,988 282,038
Domino Printing Sciences PLC 24,579 158,240
Domino's Pizza UK & IRL PLC 23,846 111,011
DS Smith PLC 187,766 714,402
E2V Technologies PLC 14,019 81,829
Elementis PLC 87,470 175,088
Ennstone PLC 151,210 123,227
Enodis PLC 13,854 49,253
Euromoney Institutional Investor PLC 35,355 381,041
Expro International Group PLC 12,031 240,946
F&C Asset Management PLC 306,902 1,250,532
Fenner PLC 50,090 258,444
Filtrona PLC 12,280 57,168
Findel PLC 23,586 309,461
FKI PLC 240,555 445,986
Forth Ports PLC 11,053 399,033
Foseco PLC 3,690 16,276
Future PLC 186,480 166,217
Galliford Try PLC 47,554 142,420
Game Group PLC 82,323 322,024
See Notes to Financial Statements.
42 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2007
------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------
Games Workshop Group PLC 21,072 $ 109,152
GCAP Media PLC 32,393 136,941
Genus PLC 9,695 132,043
Greggs PLC 3,314 325,773
Halfords Group PLC 92,222 666,064
Halma PLC 131,930 605,444
Hardy Underwriting Group PLC 14,816 99,838
Headlam Group PLC 28,126 322,899
Helical Bar Plc 6,341 59,007
Helphire PLC 21,494 148,560
Hill & Smith Holdings PLC 15,063 119,302
HMV Group PLC 202,187 481,953
Holidaybreak PLC 19,330 293,396
Hornby PLC 12,171 59,388
Hunting PLC 16,508 227,524
IG Group Holdings PLC 23,270 179,562
Inspace PLC 4,337 12,724
Interior Services Group PLC 11,186 65,635
Interserve PLC 38,092 369,020
iomart Group PLC 114,168 120,952
ITE Group PLC 51,851 181,698
James Fisher & Sons PLC 10,387 134,696
Jardine Lloyd Thompson Group PLC 114,432 870,770
JJB Sports PLC 115,597 362,688
John Menzies PLC 24,829 283,278
Kcom Group PLC 42,978 57,790
Keller Group PLC 11,873 238,145
Kier Group PLC 5,071 188,755
Liontrust Asset Management PLC 11,408 87,855
Lookers PLC 31,651 84,474
Luminar PLC 19,382 237,322
Majestic Wine PLC 12,129 82,288
Marshalls PLC 57,065 338,030
McBride PLC 46,588 165,154
McKay Securities PLC 15,694 108,712
Melrose PLC 19,372 76,666
Micro Focus International PLC 6,020 36,580
Mitie Group PLC 61,132 311,368
MJ Gleeson Group PLC 14,402 104,017
Morgan Crucible Co. 3,073 18,563
Morgan Sindall PLC 10,583 337,434
Morse PLC 99,912 181,164
Mothercare PLC 23,811 184,949
MP Evans Group PLC 18,001 129,094
Mucklow (A & J) Group PLC 13,781 88,161
N. Brown Group PLC 66,193 366,814
Northern Foods PLC 225,535 449,155
Northgate PLC 15,787 297,514
Numis Corp PLC 18,698 103,617
PayPoint PLC 3,087 37,736
Pendragon PLC 266,548 324,473
Photo-Me International PLC 116,783 123,128
Premier Farnell PLC 179,279 578,014
Psion PLC 41,087 100,869
PZ Cussons PLC 102,353 350,328
RAB Capital PLC 46,858 92,125
Rank Group PLC 158,372 521,901
Redrow PLC 53,355 439,431
Renishaw PLC 22,294 302,502
Restaurant Group PLC 44,759 246,440
Ricardo PLC 18,559 110,692
RM PLC 44,131 172,178
ROK PLC 28,935 112,596
Rotork PLC 20,503 421,895
royalblue group PLC 4,591 92,599
RPC Group PLC 38,941 223,729
RPS Group PLC 20,009 138,092
Savills PLC 51,292 383,775
Senior PLC 111,819 265,404
Severfield-Rowen PLC 4,485 192,070
Shanks Group PLC 75,246 342,247
Smiths News PLC 60,485 150,339
Speedy Hire PLC 6,290 138,786
Spirax-Sarco Engineering PLC 17,949 373,363
SSL International PLC 39,743 344,124
St. Ives Group PLC 106,041 442,887
T. Clarke PLC 28,308 109,147
Taylor Nelson Sofres PLC 27,491 126,440
TDG PLC 45,955 217,447
Ted Baker PLC 10,097 106,970
Terrace Hill Group PLC 15,775 27,961
Thorntons PLC 35,280 122,911
Titan Europe PLC 24,462 110,889
Topps Tiles PLC 73,416 294,287
TT electronics PLC 94,681 292,241
Ultra Electronics Holdings PLC 9,906 223,616
Umbro PLC 54,645 123,856
Umeco PLC 16,674 212,827
Uniq PLC 53,835 224,845
UNITE Group PLC 9,081 66,835
UTV PLC 21,006 162,627
Victrex PLC 3,194 42,948
Vitec Group (The) PLC 12,948 161,707
Vp PLC 10,919 87,871
VT Group PLC 38,292 447,801
Warner Estate Holdings PLC 15,339 146,254
White Young Green PLC 7,198 66,578
Wilmington Group PLC 16,970 81,940
Wincanton PLC 42,878 340,257
Woolworths Group PLC 795,345 287,620
WSP Group PLC 8,813 127,033
Xansa PLC 159,664 418,812
Yule Catto & Co. PLC 76,810 356,403
----------
Total United Kingdom 37,776,122
------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $100,642,455) 96,948,637
==================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 43
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------
SHORT-TERM INVESTMENT - 0.4%
MONEY MARKET FUND - 0.4%
United States - 0.4%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $382,228) 382,228 $ 382,228
===========================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 4.7%
MONEY MARKET FUNDS(c) - 4.7%
UBS Enhanced Yield Portfolio, 5.38% 2,147,029 2,147,029
UBS Private Money Market Fund LLC, 5.21% 2,410,244 2,410,244
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $4,557,273)(d) 4,557,273
===========================================================================
TOTAL INVESTMENTS IN SECURITIES - 104.3%
(Cost: $105,581,956)(e) 101,888,138
Liabilities in Excess of Foreign Currency and
Other Assets - (4.3)% (4,157,174)
-----------
NET ASSETS - 100.0% $97,730,964
===========================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $4,181,023 and the total market value of the collateral held by
the Fund was $4,557,273.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
44 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree Japan Total Dividend Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Advertising - 0.1%
Hakuhodo DY Holdings, Inc. 800 $ 56,062
-------------------------------------------------------------------------
Agriculture - 0.4%
Japan Tobacco, Inc. 30 164,587
-------------------------------------------------------------------------
Airlines - 0.1%
All Nippon Airways Co., Ltd. 16,000 62,322
-------------------------------------------------------------------------
Apparel - 0.2%
Onward Kashiyama Co., Ltd. 7,160 72,338
-------------------------------------------------------------------------
Auto Manufacturers - 12.8%
Daihatsu Motor Co., Ltd. 8,000 82,980
Fuji Heavy Industries Ltd. 16,000 70,252
Hino Motors Ltd. 8,000 61,070
Honda Motor Co., Ltd. 29,100 976,620
Isuzu Motors Ltd. 24,000 137,304
Mazda Motor Corp. 8,000 40,412
Nissan Motor Co., Ltd. 99,600 996,737
Nissan Shatai Co., Ltd. 3,000 18,441
Suzuki Motor Corp. 3,200 94,596
Toyota Motor Corp. 53,200 3,136,079
---------
Total Auto Manufacturers 5,614,491
-------------------------------------------------------------------------
Auto Parts & Equipment - 2.7%
Aisin Seiki Co., Ltd. 2,400 95,779
Bridgestone Corp. 8,800 194,341
DENSO CORP. 9,600 361,415
JTEKT Corp. 3,200 56,340
NGK Spark Plug Co., Ltd. 2,000 31,039
NHK Spring Co., Ltd. 8,000 60,931
NOK Corp. 2,400 51,332
Sumitomo Rubber Industries, Inc. 5,600 70,307
Tokai Rika Co., Ltd. 2,900 80,685
Toyoda Gosei Co., Ltd. 3,200 115,741
Toyota Boshoku Corp. 4,000 134,939
---------
Total Auto Parts & Equipment 1,252,849
-------------------------------------------------------------------------
Banks - 5.5%
Bank of Kyoto Ltd. (The) 8,000 96,892
Bank of Yokohama Ltd. (The) 16,000 110,316
Chiba Bank Ltd. (The) 8,000 61,766
Chugoku Bank Ltd. (The) 8,000 108,577
Gunma Bank Ltd. (The) 8,000 53,280
Hachijuni Bank Ltd. (The) 8,000 57,523
Hiroshima Bank Ltd. (The) 8,000 43,612
Hokuhoku Financial Group, Inc. 16,000 45,211
Iyo Bank Ltd. (The) 8,000 77,486
Joyo Bank Ltd. (The) 8,000 44,585
Mitsubishi UFJ Financial Group, Inc. 72,120 630,812
Mitsui Trust Holdings, Inc. 8,000 62,322
Mizuho Financial Group, Inc. 56 318,915
Mizuho Trust & Banking Co., Ltd. 24,000 40,690
Nishi-Nippon City Bank Ltd. (The) 16,000 44,933
Shinsei Bank Ltd. 8,000 25,179
Shizuoka Bank Ltd. (The) 8,000 77,625
Sumitomo Mitsui Financial Group, Inc. 24 186,758
Sumitomo Trust & Banking Co., Ltd. (The) 32,000 241,777
Suruga Bank Ltd. 8,000 97,587
---------
Total Banks 2,425,846
-------------------------------------------------------------------------
Beverages - 0.7%
Asahi Breweries Ltd. 6,400 97,379
Coca-Cola West Japan Co., Ltd. 2,400 56,340
ITO EN, Ltd. 1,600 38,951
Kirin Brewery Co., Ltd. 8,000 105,726
---------
Total Beverages 298,396
-------------------------------------------------------------------------
Building Materials - 1.5%
Asahi Glass Co., Ltd. 16,000 214,929
Daikin Industries Ltd. 1,600 76,929
JS Group Corp. 6,400 111,179
Matsushita Electric Works Ltd. 8,000 96,335
Nippon Sheet Glass Co., Ltd. 15,000 91,553
Taiheiyo Cement Corp. 16,000 60,792
---------
Total Building Materials 651,717
-------------------------------------------------------------------------
Chemicals - 4.0%
Asahi Kasei Corp. 16,000 129,096
Daicel Chemical Industries Ltd. 8,000 63,227
Dainippon Ink & Chemicals, Inc. 16,000 70,808
Gun-Ei Chemical Industry Co., Ltd.(a) 59,000 144,146
Hitachi Chemical Co., Ltd. 2,400 49,559
JSR Corp. 2,400 58,740
Kaneka Corp. 8,000 67,191
Mitsubishi Chemical Holdings Corp. 9,500 82,598
Mitsubishi Gas Chemical Co., Inc. 8,000 74,077
Mitsui Chemicals, Inc. 8,000 79,364
Nippon Chemical Industrial Co., Ltd. 8,000 23,162
Nitto Denko Corp. 1,600 74,286
Sakata INX Corp. 3,000 15,807
Shin-Etsu Chemical Co., Ltd. 2,400 165,682
Showa Denko K.K. 16,000 60,514
Sumitomo Chemical Co., Ltd. 16,000 137,026
Taiyo Nippon Sanso Corp. 8,000 71,782
Tokuyama Corp. 8,000 121,236
Tosoh Corp. 16,000 103,639
Ube Industries Ltd. 24,000 84,928
Zeon Corp. 8,000 78,738
---------
Total Chemicals 1,755,606
-------------------------------------------------------------------------
Commercial Services - 1.1%
Dai Nippon Printing Co., Ltd. 10,000 142,763
Kamigumi Co., Ltd. 7,000 58,731
Park24 Co., Ltd.(a) 4,700 42,213
Secom Co., Ltd. 2,400 115,394
Sohgo Security Services Co., Ltd. 3,200 51,917
Toppan Printing Co., Ltd. 8,000 82,285
---------
Total Commercial Services 493,303
-------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 45
Schedule of Investments (unaudited) (continued)
WisdomTree Japan Total Dividend Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------
Computers - 1.0%
CSK Holdings Corp. 1,600 $ 62,461
Fujitsu Ltd. 16,000 112,959
Itochu Techno-Solutions Corp. 1,000 35,213
Otsuka Corp. 800 78,390
TDK Corp. 1,600 140,225
---------
Total Computers 429,248
-------------------------------------------------------------------------
Cosmetics/Personal Care - 1.2%
Kao Corp. 9,000 268,400
KOSE Corp. 1,600 42,429
Shiseido Co., Ltd. 8,000 177,368
UniCharm Corp. 800 49,037
---------
Total Cosmetics/Personal Care 537,234
-------------------------------------------------------------------------
Distribution/Wholesale - 4.9%
Canon Marketing Japan, Inc. 3,200 63,992
Hitachi High-Technologies Corp. 2,400 54,880
ITOCHU Corp. 24,000 291,092
Marubeni Corp. 16,000 146,624
Mitsubishi Corp. 20,200 639,291
Mitsui & Co., Ltd. 24,000 582,185
Sumitomo Corp. 16,100 310,759
Toyota Tsusho Corp. 3,200 84,859
---------
Total Distribution/Wholesale 2,173,682
-------------------------------------------------------------------------
Diversified Financial Services - 3.8%
Daiwa Securities Group, Inc. 25,000 237,795
Kyokuto Securities Co., Ltd. 12,900 120,571
Nikko Cordial Corp. 24,000 301,109
Nomura Holdings, Inc. 41,800 699,968
Okasan Holdings, Inc. 2,000 11,598
Shinko Securities Co., Ltd. 16,000 74,008
Takagi Securities Co., Ltd. 38,000 123,897
Toyo Securities Co., Ltd. 36,000 126,766
---------
Total Diversified Financial Services 1,695,712
-------------------------------------------------------------------------
Electric - 5.1%
Chubu Electric Power Co., Inc. 9,200 237,969
Chugoku Electric Power Co., Inc. (The) 9,600 194,896
Electric Power Development Co. 2,000 77,729
Hokkaido Electric Power Co., Inc. 4,500 97,226
Hokuriku Electric Power Co. 4,600 89,788
Kansai Electric Power Co., Inc. (The) 21,200 483,851
Kyushu Electric Power Co., Inc. 11,400 301,317
Shikoku Electric Power Co., Inc. 5,300 132,944
Tohoku Electric Power Co., Inc. 11,200 239,064
Tokyo Electric Power Co., Inc. (The) 16,400 413,511
---------
Total Electric 2,268,295
-------------------------------------------------------------------------
Electrical Components & Equipment - 3.5%
Brother Industries Ltd. 6,200 79,242
Casio Computer Co., Ltd. 4,000 57,245
Fujikura Ltd. 8,000 50,567
Hitachi Cable Ltd. 13,000 80,476
Hitachi Ltd. 44,000 292,658
Mitsubishi Electric Corp. 16,000 200,322
Sharp Corp. 16,000 290,050
Stanley Electric Co., Ltd. 3,200 77,068
Sumitomo Electric Industries Ltd. 5,600 89,101
Toshiba Corp. 29,000 270,547
USHIO INC. 3,200 58,149
---------
Total Electrical Components & Equipment 1,545,425
-------------------------------------------------------------------------
Electronics - 3.2%
Advantest Corp. 1,600 49,802
Fanuc Ltd. 1,600 162,900
Hirose Electric Co., Ltd. 800 97,170
Hoya Corp. 6,400 218,128
IBIDEN Co., Ltd. 1,600 134,522
Keyence Corp. 200 44,342
Kyocera Corp. 2,400 224,737
Mabuchi Motor Co., Ltd. 1,200 78,146
MINEBEA Co., Ltd. 8,000 54,671
NEC Corp. 24,000 116,437
NGK Insulators Ltd. 4,000 128,679
Nippon Electric Glass Co., Ltd. 4,000 64,339
Yokogawa Electric Corp. 4,800 58,344
---------
Total Electronics 1,432,217
-------------------------------------------------------------------------
Engineering & Construction - 0.8%
Chiyoda Corp. 2,000 35,995
JGC Corp. 5,000 96,293
Kajima Corp. 16,000 54,949
Obayashi Corp. 8,000 37,004
Shimizu Corp. 14,000 76,077
Taisei Corp. 16,000 46,324
---------
Total Engineering & Construction 346,642
-------------------------------------------------------------------------
Entertainment - 0.4%
Oriental Land Co., Ltd. 1,400 81,067
Toho Co., Ltd. 3,900 76,973
---------
Total Entertainment 158,040
-------------------------------------------------------------------------
Environmental Control - 0.2%
Kurita Water Industries Ltd. 3,200 108,508
-------------------------------------------------------------------------
Food - 2.1%
Ajinomoto Co., Inc. 8,000 100,161
Kikkoman Corp. 8,000 120,610
Meiji Dairies Corp. 8,000 45,142
Meiji Seika Kaisha Ltd. 15,000 75,381
Nippon Meat Packers, Inc. 8,000 88,754
Nisshin Seifun Group, Inc. 7,000 65,791
Nissin Food Products Co., Ltd.(a) 1,600 57,036
Starzen Co., Ltd. 48,000 109,342
Toyo Suisan Kaisha Ltd. 8,000 150,242
Yakult Honsha Co., Ltd. 2,600 59,114
Yamazaki Baking Co., Ltd. 7,000 52,463
---------
Total Food 924,036
-------------------------------------------------------------------------
Forest Products & Paper - 0.6%
Chuetsu Pulp & Paper Co., Ltd. 69,000 144,581
See Notes to Financial Statements.
46 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan Total Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
Daio Paper Corp. 1,000 $ 8,103
OJI Paper Co., Ltd. 24,000 116,020
---------
Total Forest Products & Paper 268,704
-----------------------------------------------------------------------------
Gas - 1.1%
Osaka Gas Co., Ltd. 40,000 140,156
Saibu Gas Co., Ltd. 29,000 67,826
TOHO Gas Co., Ltd. 15,000 73,947
Tokyo Gas Co., Ltd. 40,000 186,062
---------
Total Gas 467,991
-----------------------------------------------------------------------------
Hand/Machine Tools - 0.7%
Fuji Electric Holdings Co., Ltd. 16,000 71,225
Makita Corp. 2,400 105,170
SMC Corp. 700 95,735
THK Co., Ltd. 2,400 50,602
---------
Total Hand/Machine Tools 322,732
-----------------------------------------------------------------------------
Healthcare-Products - 0.4%
Shimadzu Corp. 8,000 81,798
Terumo Corp. 1,600 80,685
---------
Total Healthcare-Products 162,483
-----------------------------------------------------------------------------
Home Builders - 0.7%
Daiwa House Industry Co., Ltd. 8,000 104,265
Sekisui Chemical Co., Ltd. 8,000 58,636
Sekisui House, Ltd. 10,000 125,722
---------
Total Home Builders 288,623
-----------------------------------------------------------------------------
Home Furnishings - 1.8%
Matsushita Electric Industrial Co., Ltd. 22,000 412,208
Pioneer Corp. 4,000 49,002
Sony Corp. 5,600 271,199
Yamaha Corp. 3,200 71,643
---------
Total Home Furnishings 804,052
-----------------------------------------------------------------------------
Housewares - 0.1%
TOTO Ltd. 8,000 57,940
-----------------------------------------------------------------------------
Insurance - 1.8%
Aioi Insurance Co., Ltd. 9,000 52,271
Fuji Fire & Marine Insurance Co., Ltd. (The) 29,000 98,839
Millea Holdings, Inc. 3,800 152,641
Mitsui Sumitomo Insurance Co., Ltd. 16,000 187,663
Nipponkoa Insurance Co., Ltd. 8,000 69,487
Nissay Dowa General Insurance Co., Ltd. 9,000 55,010
Sompo Japan Insurance, Inc. 8,000 91,675
T&D Holdings, Inc. 1,600 98,352
---------
Total Insurance 805,938
-----------------------------------------------------------------------------
Internet - 0.5%
SBI Holdings, Inc. 161 42,205
Trend Micro, Inc. 4,000 172,847
Yahoo Japan Corp. 35 13,237
---------
Total Internet 228,289
-----------------------------------------------------------------------------
Iron/Steel - 5.4%
Daido Steel Co., Ltd. 8,000 68,095
Hitachi Metals Ltd. 8,000 99,048
JFE Holdings, Inc. 10,300 728,967
Kobe Steel Ltd. 32,000 119,358
Nippon Steel Corp. 98,000 704,656
Nisshin Steel Co., Ltd. 24,000 108,090
Sumitomo Metal Industries Ltd. 84,000 489,327
Tokyo Steel Manufacturing Co., Ltd. 3,200 49,635
---------
Total Iron/Steel 2,367,176
-----------------------------------------------------------------------------
Leisure Time - 0.5%
Daikoku Denki Co., Ltd. 4,100 55,254
Sankyo Co., Ltd. 1,400 56,601
Sega Sammy Holdings, Inc. 4,000 53,210
Yamaha Motor Co., Ltd. 2,400 61,140
---------
Total Leisure Time 226,205
-----------------------------------------------------------------------------
Machinery-Construction & Mining - 0.9%
Hitachi Construction Machinery Co., Ltd. 3,200 127,705
Komatsu Ltd. 8,000 268,487
---------
Total Machinery-Construction & Mining 396,192
-----------------------------------------------------------------------------
Machinery-Diversified - 1.0%
Amada Co., Ltd. 8,000 89,310
Japan Steel Works Ltd. (The) 8,000 132,643
Kubota Corp. 16,000 131,600
Sumitomo Heavy Industries Ltd. 8,000 102,874
---------
Total Machinery-Diversified 456,427
-----------------------------------------------------------------------------
Media - 0.3%
Nippon Television Network Corp. 480 61,724
Tokyo Broadcasting System, Inc. 1,900 53,193
---------
Total Media 114,917
-----------------------------------------------------------------------------
Metal Fabricate/Hardware - 0.3%
NSK Ltd. 8,000 70,113
NTN Corp. 8,000 71,295
---------
Total Metal Fabricate/Hardware 141,408
-----------------------------------------------------------------------------
Mining - 1.0%
Dowa Mining Co., Ltd 8,000 101,204
Mitsubishi Materials Corp. 16,000 99,326
Mitsui Mining & Smelting Co., Ltd. 14,000 60,253
Sumitomo Metal Mining Co., Ltd. 8,000 194,062
---------
Total Mining 454,845
-----------------------------------------------------------------------------
Miscellaneous Manufacturing - 1.4%
Fuji Photo Film Co., Ltd. 4,000 184,672
Kawasaki Heavy Industries Ltd. 24,000 93,901
Mitsubishi Heavy Industries Ltd. 32,000 208,946
Nikon Corp. 2,000 68,687
Olympus Corp. 2,000 82,076
---------
Total Miscellaneous Manufacturing 638,282
-----------------------------------------------------------------------------
Office Furnishings - 0.1%
Kokuyo Co., Ltd. 4,000 41,525
-----------------------------------------------------------------------------
Office/Business Equipment - 2.2%
Canon Inc. 13,200 719,594
Ricoh Co., Ltd. 8,000 169,021
See Notes to Financial Statements.
WisdomTree International Dividend Funds 47
Schedule of Investments (unaudited) (continued)
WisdomTree Japan Total Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Seiko Epson Corp. 2,400 $ 59,366
---------
Total Office/Business Equipment 947,981
----------------------------------------------------------------------------
Oil & Gas - 1.7%
Cosmo Oil Co., Ltd. 16,000 76,234
Nippon Mining Holdings, Inc. 8,000 80,268
Nippon Oil Corp. 24,000 222,649
Showa Shell Sekiyu K.K. 9,600 123,281
TonenGeneral Sekiyu K.K. 24,000 241,012
---------
Total Oil & Gas 743,444
----------------------------------------------------------------------------
Packaging & Containers - 0.2%
Nihon Yamamura Glass Co., Ltd. 15,000 36,256
Toyo Seikan Kaisha Ltd. 3,200 60,236
---------
Total Packaging & Containers 96,492
----------------------------------------------------------------------------
Pharmaceuticals - 5.6%
Astellas Pharma, Inc. 7,200 344,929
Chugai Pharmaceutical Co., Ltd. 6,400 105,558
Daiichi Sankyo Co., Ltd. 6,700 200,974
Dainippon Sumitomo Pharma Co., Ltd. 8,000 74,286
Eisai Co., Ltd. 4,800 226,614
Hisamitsu Pharmaceutical Co., Inc. 2,200 59,679
Kyowa Hakko Kogyo Co., Ltd. 14,000 143,999
Mediceo Paltac Holdings Co., Ltd. 3,200 48,856
Shionogi & Co., Ltd. 2,000 30,796
Suzuken Co., Ltd. 1,700 57,201
Taisho Pharmaceutical Co., Ltd. 6,000 117,898
Takeda Pharmaceutical Co., Ltd. 14,000 983,524
Tanabe Seiyaku Co., Ltd. 6,000 75,642
ZERIA Pharmaceutical Co., Ltd. 1,000 9,190
---------
Total Pharmaceuticals 2,479,146
----------------------------------------------------------------------------
Real Estate - 1.4%
Daito Trust Construction Co., Ltd. 1,600 77,068
Leopalace21 Corp. 1,600 52,445
Mitsubishi Estate Co., Ltd. 4,000 114,420
Mitsui Fudosan Co., Ltd. 2,000 55,471
Sumitomo Realty & Development Co., Ltd. 2,000 70,252
Tokyo Tatemono Co., Ltd. 8,000 101,900
Tokyu Land Corp. 8,000 80,198
Urban Corp. 4,100 66,411
---------
Total Real Estate 618,165
----------------------------------------------------------------------------
Retail - 3.0%
AEON Co., Ltd. 4,800 67,734
Aucnet, Inc. 900 18,076
Citizen Watch Co., Ltd. 6,400 64,326
FamilyMart Co., Ltd. 2,400 62,496
Fast Retailing Co., Ltd. 1,600 92,231
Isetan Co., Ltd. 3,200 43,097
Izumi Co., Ltd(a) 3,400 46,323
J Front Retailing Co., Ltd.* 12,600 123,793
Konaka Co., Ltd. 800 6,072
Lawson, Inc. 2,400 75,747
Marui Co., Ltd. 4,800 52,918
Mitsukoshi Ltd.(a) 14,000 63,418
Nitori Co., Ltd. 1,200 56,653
Seven & I Holdings Co., Ltd. 9,300 238,938
Shimamura Co., Ltd. 800 74,773
Takashimaya Co., Ltd. 8,000 88,684
UNY Co., Ltd. 8,000 69,626
Yamada Denki Co., Ltd. 800 79,085
---------
Total Retail 1,323,990
----------------------------------------------------------------------------
Semiconductors - 0.5%
Shinko Electric Industries Co., Ltd. 2,500 55,428
SUMCO Corp. 1,600 65,105
Tokyo Electron Ltd. 1,600 101,273
---------
Total Semiconductors 221,806
----------------------------------------------------------------------------
Shipbuilding - 0.3%
Mitsui Engineering & Shipbuilding Co., Ltd. 24,000 135,843
----------------------------------------------------------------------------
Software - 1.4%
Konami Corp. 3,200 87,084
Nomura Research Institute Ltd. 7,600 258,366
Oracle Corp. Japan 4,000 182,585
Square Enix Co., Ltd. 2,400 79,294
---------
Total Software 607,329
----------------------------------------------------------------------------
Storage/Warehousing - 0.3%
Mitsubishi Logistics Corp. 8,000 112,542
----------------------------------------------------------------------------
Telecommunications - 5.8%
Hikari Tsushin, Inc. 1,500 41,082
KDDI Corp. 22 162,970
Nippon Telegraph & Telephone Corp. 211 985,150
NTT DoCoMo, Inc. 937 1,336,070
SOFTBANK CORP. 2,336 43,058
---------
Total Telecommunications 2,568,330
----------------------------------------------------------------------------
Textiles - 0.6%
Kuraray Co., Ltd. 4,000 50,602
Mitsubishi Rayon Co., Ltd. 8,000 56,619
Teijin Ltd. 8,000 39,021
Toray Industries, Inc. 16,000 126,870
---------
Total Textiles 273,112
----------------------------------------------------------------------------
Transportation - 2.5%
Hankyu Holdings, Inc. 16,000 81,659
Kawasaki Kisen Kaisha Ltd. 1,000 14,668
Keihin Electric Express Railway Co., Ltd. 7,000 45,342
Keio Corp. 7,000 43,577
Keisei Electric Railway Co., Ltd. 9,000 49,846
Kintetsu Corp. 16,000 49,663
Mitsui O.S.K. Lines Ltd. 4,000 64,722
Nagoya Railroad Co., Ltd. 15,000 43,820
Nippon Express Co., Ltd. 16,000 79,433
Nippon Yusen K.K. 26,000 253,637
Odakyu Electric Railway Co., Ltd. 7,000 45,098
Seino Holdings Corp. 7,000 64,574
Tobu Railway Co., Ltd. 16,000 75,121
See Notes to Financial Statements.
48 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Japan Total Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------
Tokyu Corp. 8,000 $ 52,167
Yamato Holdings Co., Ltd. 8,000 119,845
-----------
Total Transportation 1,083,172
--------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $43,567,672) 43,921,637
==========================================================================
SHORT-TERM INVESTMENT - 0.0%
MONEY MARKET FUND - 0.0%
United States - 0.0%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $3,296) 3,296 3,296
==========================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.8%
MONEY MARKET FUNDS(c) - 0.8%
UBS Enhanced Yield Portfolio, 5.38% 122,680 122,680
UBS Private Money Market Fund LLC, 5.21% 213,585 213,585
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $336,265)(d) 336,265
==========================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.2%
(Cost: $43,907,233)(e) 44,261,198
Liabilities in Excess of Foreign Currency and
Other Assets - (0.2)% (80,731)
-----------
NET ASSETS - 100.0% $44,180,467
==========================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $318,544 and the total market value of the collateral held by the
Fund was $336,265.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 49
Schedule of Investment (unaudited)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Agriculture - 0.1%
Hokuto Corp. 1,600 $ 26,320
Nosan Corp. 7,000 18,198
---------
Total Agriculture 44,518
-------------------------------------------------------------------------------
Apparel - 0.2%
Daidoh Ltd. 1,600 20,436
Japan Vilene Co., Ltd. 8,000 45,489
Onward Holdings Co., Ltd. 2,000 20,206
---------
Total Apparel 86,131
-------------------------------------------------------------------------------
Auto Manufacturers - 15.2%
Fuji Heavy Industries Ltd. 19,000 83,424
Honda Motor Co., Ltd. 98,100 3,292,317
Kanto Auto Works Ltd. 2,400 32,344
Nippon Sharyo Ltd. 20,000 44,864
Nissan Motor Co., Ltd. 321,200 3,214,373
Shinmaywa Industries Ltd. 6,000 28,640
Toyota Auto Body Co., Ltd. 4,000 66,183
---------
Total Auto Manufacturers 6,762,145
-------------------------------------------------------------------------------
Auto Parts & Equipment - 1.4%
Bosch Corp. 21,000 101,882
Koito Manufacturing Co., Ltd. 4,000 48,724
Nifco, Inc. 2,600 62,166
Riken Corp. 12,000 60,305
Sanden Corp. 18,000 100,317
Sumitomo Rubber Industries, Inc. 16,100 202,134
Toyo Tire & Rubber Co., Ltd. 8,000 46,603
---------
Total Auto Parts & Equipment 622,131
-------------------------------------------------------------------------------
Banks - 0.6%
Ehime Bank Ltd. (The) 13,000 44,420
Eighteenth Bank Ltd. (The) 11,000 44,090
Hokuetsu Bank Ltd. (The) 16,000 37,143
Kiyo Holdings, Inc. 55,000 79,860
Shonai Bank Ltd. (The) 15,000 41,603
---------
Total Banks 247,116
-------------------------------------------------------------------------------
Beverages - 0.5%
Coca-Cola West Japan Co., Ltd. 6,000 140,852
Mercian Corp. 21,000 46,011
Mikuni Coca-Cola Bottling Co., Ltd. 2,400 26,793
---------
Total Beverages 213,656
-------------------------------------------------------------------------------
Building Materials - 1.4%
Asahi Organic Chemicals Industry Co., Ltd. 13,000 48,150
Bunka Shutter Co., Ltd. 2,000 9,303
Central Glass Co., Ltd. 8,000 40,273
Cleanup Corp.(a) 7,700 53,357
JS Group Corp. 18,600 323,114
PanaHome Corp.(a) 8,000 50,637
Sankyo-Tateyama Holdings, Inc.(a) 16,000 22,397
Sanwa Shutter Corp. 16,000 89,588
---------
Total Building Materials 636,819
-------------------------------------------------------------------------------
Chemicals - 1.3%
Aica Kogyo Co., Ltd. 2,400 26,230
Air Water, Inc. 4,000 44,516
Arisawa Manufacturing Co., Ltd. 5,400 47,514
Earth Chemical Co., Ltd. 800 19,824
Gun-Ei Chemical Industry Co., Ltd.(a) 20,000 48,863
Kaneka Corp. 6,000 50,393
Koatsu Gas Kogyo Co., Ltd. 2,000 12,590
Nippon Chemical Industrial Co., Ltd. 16,000 46,324
Nippon Kayaku Co., Ltd. 7,000 58,184
Nippon Shokubai Co., Ltd. 3,000 29,161
NOF Corp. 8,000 34,569
Sakata INX Corp. 8,000 42,151
Sanyo Chemical Industries Ltd. 6,000 37,299
Toagosei Co., Ltd. 10,000 37,213
Toyo Ink Manufacturing Co., Ltd. 10,000 33,822
Yushiro Chemical Industry Co., Ltd. 800 14,120
---------
Total Chemicals 582,773
-------------------------------------------------------------------------------
Commercial Services - 2.5%
Dai Nippon Printing Co., Ltd. 36,000 513,951
Kyodo Printing Co., Ltd. 18,000 55,245
Meitec Corp. 1,800 52,741
Nippon Parking Development Co., Ltd. 762 41,076
Nomura Co., Ltd. 9,000 54,462
Toppan Forms Co., Ltd. 4,000 40,308
Toppan Printing Co., Ltd. 37,000 380,568
---------
Total Commercial Services 1,138,351
-------------------------------------------------------------------------------
Computers - 0.2%
DTS Corp. 3,000 56,472
Hitachi Systems & Services Ltd. 800 15,650
Information Services International-Dentsu Ltd. 700 7,163
NEC Fielding Ltd. 2,400 27,711
---------
Total Computers 106,996
-------------------------------------------------------------------------------
Cosmetics/Personal Care - 2.1%
Aderans Co., Ltd. 2,900 60,640
Kao Corp. 28,000 835,021
Mandom Corp. 1,600 39,091
---------
Total Cosmetics/Personal Care 934,752
-------------------------------------------------------------------------------
Distribution/Wholesale - 1.1%
Advan Co., Ltd. 800 6,844
Doshisha Co., Ltd. 800 13,250
Hakuto Co., Ltd. 1,600 23,371
Hanwa Co., Ltd. 16,000 80,964
Impact 21 Co., Ltd. 800 18,050
Inaba Denki Sangyo Co., Ltd. 900 32,709
Itochu Enex Co., Ltd. 4,000 27,057
Japan Pulp & Paper Co., Ltd. 8,000 30,535
Mitsuuroko Co., Ltd. 2,700 19,132
Ryoden Trading Co., Ltd. 5,000 38,995
Ryoyo Electro Corp. 5,100 73,652
San-Ai Oil Co., Ltd. 2,000 9,321
See Notes to Financial Statements.
50 WisdomTree International Dividend Funds
Schedule of Investment (unaudited) (continued)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
Sankyo Seiko Co., Ltd. 11,800 $ 43,808
Sinanen Co., Ltd. 11,000 55,949
---------
Total Distribution/Wholesale 473,637
-----------------------------------------------------------------------------
Diversified Financial Services - 9.1%
Daiwa Securities Group, Inc. 109,000 1,036,787
Ichiyoshi Securities Co., Ltd. 2,400 25,437
Iwai Securities Co., Ltd. 2,800 32,451
Kyokuto Securities Co., Ltd. 3,900 36,452
Nomura Holdings, Inc. 144,200 2,414,721
Okasan Holdings, Inc. 18,000 104,386
OMC Card, Inc.(a) 13,400 53,127
SFCG Co., Ltd. 120 16,787
Shinko Securities Co., Ltd. 55,000 254,402
Takagi Securities Co., Ltd. 12,000 39,125
Tokai Tokyo Securities Co., Ltd. 9,000 45,777
Toyo Securities Co., Ltd. 11,000 38,734
---------
Total Diversified Financial Services 4,098,186
-----------------------------------------------------------------------------
Electric - 11.8%
Chubu Electric Power Co., Inc. 44,800 1,158,805
Chugoku Electric Power Co., Inc. (The)(a) 20,700 420,245
Hokkaido Electric Power Co., Inc. 11,100 239,825
Hokuriku Electric Power Co. 11,500 224,471
Kansai Electric Power Co., Inc. (The) 65,200 1,488,066
Kyushu Electric Power Co., Inc. 30,300 800,869
Shikoku Electric Power Co., Inc. 13,000 326,088
Tohoku Electric Power Co., Inc. (The) 26,900 574,182
---------
Total Electric 5,232,551
-----------------------------------------------------------------------------
Electrical Components & Equipment - 0.1%
Sumida Corp. 1,800 30,127
-----------------------------------------------------------------------------
Electronics - 2.0%
Eizo Nanao Corp. 800 26,292
Hoya Corp. 19,800 674,835
Idec Corp. 1,600 20,032
Kaga Electronics Co., Ltd. 800 12,381
Nidec Copal Electronics Corp. 2,400 13,563
Nitto Kogyo Corp. 1,600 24,623
Ryosan Co., Ltd. 2,400 59,992
Sanshin Electronics Co., Ltd. 1,600 22,522
Teikoku Tsushin Kogyo Co., Ltd. 11,000 47,055
---------
Total Electronics 901,295
-----------------------------------------------------------------------------
Engineering & Construction - 1.7%
Airport Facilities Co., Ltd. 2,400 16,506
Asunaro Aoki Construction Co., Ltd. 6,000 32,865
Hitachi Plant Technologies Ltd.(a) 8,000 45,351
Kyudenko Corp. 9,000 50,628
Maeda Corp. 13,000 50,185
Nippon Koei Co., Ltd. 18,000 50,706
Nishimatsu Construction Co., Ltd. 16,000 48,272
Okumura Corp. 8,000 40,690
Taihei Dengyo Kaisha Ltd. 8,000 58,705
Taikisha Ltd. 2,400 32,406
Taisei Corp.(a) 57,000 165,032
Takasago Thermal Engineering Co., Ltd. 3,000 32,578
TOA CORP.(a) 11,000 12,338
Toenec Corp. 5,000 24,649
Tsukishima Kikai Co., Ltd. 5,000 45,385
Yurtec Corp. 10,000 58,340
---------
Total Engineering & Construction 764,636
-----------------------------------------------------------------------------
Entertainment - 0.1%
Avex Group Holdings, Inc.(a) 4,600 60,032
-----------------------------------------------------------------------------
Food - 0.6%
Morinaga & Co., Ltd.(a) 15,000 32,996
Nippon Beet Sugar Manufacturing Co., Ltd. 21,000 49,298
Nisshin Seifun Group, Inc. 1,500 14,098
Nissin Food Products Co., Ltd. 195 6,951
Showa Sangyo Co., Ltd.(a) 21,000 50,942
Starzen Co., Ltd. 19,000 43,281
Tokyu Store Chain Co., Ltd. 11,000 47,533
Yokohama Reito Co., Ltd. 5,000 38,734
---------
Total Food 283,833
-----------------------------------------------------------------------------
Forest Products & Paper - 1.1%
Chuetsu Pulp & Paper Co., Ltd. 26,000 54,480
Daiken Corp. 20,000 57,036
Hokuetsu Paper Mills Ltd. 8,000 41,108
OJI Paper Co., Ltd. 73,000 352,893
---------
Total Forest Products & Paper 505,517
-----------------------------------------------------------------------------
Gas - 0.2%
Saibu Gas Co., Ltd. 37,000 86,537
-----------------------------------------------------------------------------
Hand/Machine Tools - 0.3%
Hitachi Koki Co., Ltd. 7,600 130,835
OSG Corp. 700 7,279
---------
Total Hand/Machine Tools 138,114
-----------------------------------------------------------------------------
Healthcare-Products - 0.4%
Nipro Corp. 4,000 78,946
Paramount Bed Co., Ltd.(a) 4,400 58,991
Paris Miki, Inc.(a) 4,400 59,679
---------
Total Healthcare-Products 197,616
-----------------------------------------------------------------------------
Home Builders - 0.1%
Mitsui Home Co., Ltd. 4,000 23,127
Token Corp. 190 9,334
---------
Total Home Builders 32,461
-----------------------------------------------------------------------------
Home Furnishings - 0.2%
France Bed Holdings Co., Ltd. 33,000 47,628
TOA Corp. 5,000 40,169
---------
Total Home Furnishings 87,797
-----------------------------------------------------------------------------
Housewares - 0.1%
Sangetsu Co., Ltd. 2,600 56,514
-----------------------------------------------------------------------------
Insurance - 0.1%
Fuji Fire & Marine Insurance Co., Ltd. (The) 17,000 57,940
-----------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 51
Schedule of Investment (unaudited) (continued)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2007
-------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------
Internet - 2.1%
Matsui Securities Co., Ltd. 23,800 $ 182,098
SBI Holdings, Inc. 1,150 301,461
Trend Micro, Inc. 10,500 453,723
---------
Total Internet 937,282
-------------------------------------------------------------------
Iron/Steel - 13.0%
JFE Holdings, Inc. 36,900 2,611,537
Kobe Steel Ltd. 198,000 738,529
Nakayama Steel Works Ltd.(a) 12,000 28,379
Nippon Steel Corp. 310,000 2,229,013
Sanyo Special Steel Co., Ltd. 14,000 116,611
Topy Industries Ltd. 8,000 21,354
Yodogawa Steel Works Ltd. 10,000 49,646
---------
Total Iron/Steel 5,795,069
-------------------------------------------------------------------
Leisure Time - 1.5%
Daikoku Denki Co., Ltd. 3,200 43,125
Heiwa Corp. 3,200 37,616
Sankyo Co., Ltd. 6,900 278,964
Sega Sammy Holdings, Inc.(a) 24,300 323,253
---------
Total Leisure Time 682,958
-------------------------------------------------------------------
Machinery-Diversified - 1.0%
Amada Co., Ltd. 23,000 256,766
Daifuku Co., Ltd. 10,500 119,776
Furukawa Co., Ltd. 3,000 6,599
Max Co., Ltd. 1,000 14,789
Nitto Kohki Co., Ltd. 800 18,502
Tokyo Kikai Seisakusho Ltd.(a) 6,000 17,372
Tori Holdings Co., Ltd. 190,000 33,039
---------
Total Machinery-Diversified 466,843
-------------------------------------------------------------------
Metal Fabricate/Hardware - 0.1%
Kitz Corp. 4,000 36,309
Oiles Corp. 60 1,296
Onoken Co., Ltd. 400 5,540
---------
Total Metal Fabricate/Hardware 43,145
-------------------------------------------------------------------
Mining - 0.3%
Mitsui Mining & Smelting Co., Ltd. 36,000 154,936
-------------------------------------------------------------------
Miscellaneous Manufacturing - 0.4%
Amano Corp. 3,200 38,645
Kureha Corp. 8,000 35,195
Mitsuboshi Belting Co., Ltd. 1,739 9,117
Nippon Valqua Industries Ltd. 6,000 20,658
Okamoto Industries, Inc. 8,000 28,031
Sekisui Plastics Co., Ltd. 13,000 42,613
---------
Total Miscellaneous Manufacturing 174,259
-------------------------------------------------------------------
Office/Business Equipment - 0.0%
Canon Inc. 50 2,726
-------------------------------------------------------------------
Oil & Gas - 3.1%
Nippon Mining Holdings, Inc. 53,500 536,791
Showa Shell Sekiyu K.K. 23,700 304,351
TonenGeneral Sekiyu K.K. 55,000 552,319
---------
Total Oil & Gas 1,393,461
-------------------------------------------------------------------
Packaging & Containers - 0.1%
Nihon Yamamura Glass Co., Ltd. 20,000 48,342
-------------------------------------------------------------------
Pharmaceuticals - 7.6%
Astellas Pharma, Inc. 25,400 1,216,834
Daiichi Sankyo Co., Ltd. 37,400 1,121,854
Eisai Co., Ltd. 18,200 859,244
Kaken Pharmaceutical Co., Ltd. 6,000 43,455
Kyorin Co., Ltd. 3,000 42,907
Seikagaku Corp. 5,200 59,950
SSP Co., Ltd.(a) 16,000 74,286
---------
Total Pharmaceuticals 3,418,530
-------------------------------------------------------------------
Real Estate - 0.2%
Arnest One Corp. 3,100 17,600
Iida Home Max(a) 1,600 20,491
Touei Housing Corp.(a) 4,700 45,441
Urban Corp. 59 956
---------
Total Real Estate 84,488
-------------------------------------------------------------------
Retail - 2.1%
Arcs Co., Ltd. 2,475 34,904
Best Denki Co., Ltd. 8,000 56,480
Circle K Sunkus Co. Ltd. 3,110 48,266
Gulliver International Co., Ltd. 110 5,203
Kojima Co., Ltd.(a) 6,000 36,308
Konaka Co., Ltd. 4,900 37,193
Lawson, Inc. 7,100 224,083
Marui Co., Ltd. 33,500 369,325
Ministop Co., Ltd. 1,600 28,518
MOS Food Services, Inc. 3,800 52,103
Plenus Co., Ltd. 1,600 26,125
Seiko Holdings Corp. 4,000 23,580
---------
Total Retail 942,088
-------------------------------------------------------------------
Software - 1.9%
Koei Co., Ltd.(a) 3,200 61,209
Konami Corp. 7,700 209,547
NEC Mobiling Ltd. 900 14,296
Oracle Corp. Japan 12,000 547,755
Trans Cosmos, Inc. 2,200 36,018
---------
Total Software 868,825
-------------------------------------------------------------------
Telecommunications - 9.1%
Denki Kogyo Co., Ltd. 3,000 20,710
NTT DoCoMo, Inc. 2,783 3,968,283
Uniden Corp. 13,000 86,015
---------
Total Telecommunications 4,075,008
-------------------------------------------------------------------
Textiles - 0.7%
Teijin Ltd. 50,000 243,882
Toyobo Co., Ltd. 26,000 60,809
---------
Total Textiles 304,691
-------------------------------------------------------------------
See Notes to Financial Statements.
52 WisdomTree International Dividend Funds
Schedule of Investment (unaudited) (concluded)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
Transportation - 1.6%
Maruzen Showa Unyu Co., Ltd. 4,000 $ 13,737
Nippon Yusen K.K.(a) 69,000 673,113
Senko Co., Ltd.(a) 8,000 26,431
-----------
Total Transportation 713,281
---------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $49,126,856)(a) 44,488,113
=================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 4.5%
MONEY MARKET FUND(b) - 4.5%
AIM Liquid Assets Portfolio, 5.11% 43 43
AIM Prime Portfolio, 5.08% 178 178
UBS Enhanced Yield Portfolio, 5.38% 309,333 309,333
UBS Private Money Market Fund LLC, 5.21% 1,723,601 1,723,601
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $2,033,155)(c) 2,033,155
=================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.8%
(Cost: $51,160,011)(d) 46,521,268
Liabilities in Excess of Foreign Currency and Other
Assets - (3.8)% (1,712,960)
-----------
NET ASSETS - 100.0% $44,808,308
=================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,899,274 and the total market value of the collateral held by
the Fund was $2,033,155.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 53
Schedule of Investments (unaudited)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------
COMMON STOCKS - 99.5%
Advertising - 0.4%
Asatsu-DK, Inc. 6,400 $ 205,886
Moshi Moshi Hotline, Inc. 1,800 88,267
---------
Total Advertising 294,153
---------------------------------------------------------------------------
Aerospace/Defense - 0.2%
Japan Aviation Electronics Industry Ltd. 11,000 172,056
---------------------------------------------------------------------------
Agriculture - 0.4%
Hokuto Corp. 10,100 166,145
Nosan Corp. 28,000 72,791
Sakata Seed Corp. 3,300 44,386
---------
Total Agriculture 283,322
---------------------------------------------------------------------------
Apparel - 2.4%
Daidoh Ltd. 9,200 117,505
Gunze Ltd. 35,000 172,238
Japan Vilene Co., Ltd. 22,000 125,097
Japan Wool Textile Co., Ltd. (The) 16,000 129,096
Onward Kashiyama Co., Ltd. 42,000 424,327
Sanei-International Co., Ltd. 800 15,998
Sanyo Shokai Ltd. 52,000 382,037
Tokyo Style Co., Ltd. 18,000 186,863
Wacoal Holdings Corp. 28,000 343,503
---------
Total Apparel 1,896,664
---------------------------------------------------------------------------
Auto Manufacturers - 1.3%
Kanto Auto Works Ltd. 15,300 206,191
Nippon Sharyo Ltd. 37,000 82,998
Nissan Shatai Co., Ltd. 34,000 208,999
Shinmaywa Industries Ltd.(a) 22,000 105,012
Toyota Auto Body Co., Ltd. 24,000 397,096
---------
Total Auto Manufacturers 1,000,296
---------------------------------------------------------------------------
Auto Parts & Equipment - 5.1%
Aisan Industry Co., Ltd. 9,600 116,437
Akebono Brake Industry Co., Ltd.(a) 12,000 76,894
Bosch Corp. 137,000 664,660
Calsonic Kansei Corp. 37,000 144,442
Exedy Corp. 4,800 149,407
FCC Co., Ltd. 6,100 109,786
Futaba Industrial Co., Ltd. 9,100 234,196
Kayaba Industry Co., Ltd. 48,000 230,370
Keihin Corp. 8,000 151,980
Koito Manufacturing Co., Ltd. 39,000 475,059
Musashi Seimitsu Industry Co., Ltd. 4,800 152,328
Nifco, Inc. 18,800 449,507
Nissin Kogyo Co., Ltd. 9,300 267,643
Press Kogyo Co., Ltd. 16,000 66,357
Riken Corp. 19,000 95,483
Sanden Corp. 37,000 206,208
Showa Corp. 9,600 114,267
Toyo Tire & Rubber Co., Ltd. 60,000 349,520
---------
Total Auto Parts & Equipment 4,054,544
---------------------------------------------------------------------------
Banks - 6.9%
Akita Bank Ltd. (The) 26,000 113,481
Aomori Bank Ltd. (The) 32,000 118,245
Awa Bank Ltd. (The) 33,000 162,683
Bank of Ikeda Ltd. (The) 3,400 146,329
Bank of Iwate Ltd. (The) 2,000 118,245
Bank of Nagoya Ltd. (The) 21,000 140,773
Bank of Okinawa Ltd. (The) 3,500 114,116
Bank of Saga Ltd. (The) 32,000 111,012
Chukyo Bank Ltd. (The) 44,000 130,070
Daisan Bank Ltd. (The) 35,000 113,507
Daishi Bank Ltd. (The) 75,000 301,918
Ehime Bank Ltd. (The) 32,000 109,342
Eighteenth Bank Ltd. (The) 20,000 80,163
Fukui Bank Ltd. (The) 44,000 127,775
Higo Bank Ltd. (The) 30,000 199,800
Hokkoku Bank Ltd. (The) 62,000 273,843
Hokuetsu Bank Ltd. (The) 90,000 208,929
Hyakugo Bank Ltd. (The) 34,000 196,287
Hyakujushi Bank Ltd. (The) 42,000 206,321
Kagoshima Bank Ltd. (The) 22,000 156,849
Keiyo Bank Ltd. (The) 41,000 227,431
Kiyo Holdings, Inc. 160,000 232,318
Michinoku Bank Ltd. (The) 22,000 67,904
Mie Bank Ltd. (The) 18,000 88,423
Miyazaki Bank Ltd. (The) 19,000 72,851
Musashino Bank Ltd. (The) 4,400 208,495
Ogaki Kyoritsu Bank Ltd. (The) 42,000 229,327
Oita Bank Ltd. (The) 14,000 78,512
San-In Godo Bank Ltd. (The) 17,000 134,504
Shiga Bank Ltd. (The) 28,000 192,566
Shikoku Bank Ltd. (The) 32,000 124,366
Shonai Bank Ltd. (The) 40,000 110,942
Tochigi Bank Ltd. (The) 13,000 72,564
Toho Bank Ltd. (The) 32,000 119,080
Tokyo Tomin Bank Ltd. (The) 6,400 187,523
Yamagata Bank Ltd. (The) 20,000 108,508
Yamanashi Chuo Bank Ltd. (The) 17,000 95,335
---------
Total Banks 5,480,337
---------------------------------------------------------------------------
Beverages - 1.2%
Asahi Soft Drinks Co., Ltd. 2,500 37,604
Coca-Cola West Japan Co., Ltd. 18,600 436,638
Kagome Co., Ltd.(a) 9,300 165,761
Mercian Corp. 32,000 70,113
Mikuni Coca-Cola Bottling Co., Ltd. 4,300 48,004
Takara Holdings, Inc. 34,000 199,539
---------
Total Beverages 957,659
---------------------------------------------------------------------------
Building Materials - 3.2%
Asahi Organic Chemicals Industry Co., Ltd. 22,000 81,485
Bunka Shutter Co., Ltd. 18,000 83,728
Central Glass Co., Ltd. 48,000 241,638
Chofu Seisakusho Co., Ltd. 6,000 104,334
See Notes to Financial Statements.
54 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
Cleanup Corp. 12,800 $ 88,698
Fujitec Co., Ltd. 18,000 118,628
Nice Corp. 18,000 56,027
Nichias Corp. 27,000 275,365
Nichiha Corp. 4,800 52,000
PanaHome Corp. 43,000 272,173
Rinnai Corp. 6,400 190,862
Sankyo-Tateyama Holdings, Inc. 96,000 134,382
Sanwa Shutter Corp. 91,000 509,535
Sumitomo Osaka Cement Co., Ltd. 70,000 172,238
Takara Standard Co., Ltd. 32,000 178,342
---------
Total Building Materials 2,559,435
-------------------------------------------------------------------------------
Chemicals - 7.8%
ADEKA Corp. 16,000 167,630
Aica Kogyo Co., Ltd. 15,800 172,678
Air Water, Inc. 53,000 589,836
Arisawa Manufacturing Co., Ltd.(a) 11,300 99,427
Daicel Chemical Industries Ltd. 4,000 31,613
Dainichiseika Color & Chemicals Manufacturing
Co., Ltd. 19,000 89,041
Denki Kagaku Kogyo K.K. 97,000 543,973
Earth Chemical Co., Ltd. 4,800 118,941
Gun-Ei Chemical Industry Co., Ltd. 19,000 46,420
Kansai Paint Co., Ltd. 49,000 375,334
Koatsu Gas Kogyo Co., Ltd. 16,000 100,717
Lintec Corp. 6,400 125,479
Nihon Parkerizing Co., Ltd. 12,000 142,625
Nippon Chemical Industrial Co., Ltd. 45,000 130,287
Nippon Kayaku Co., Ltd. 77,000 640,022
Nippon Paint Co., Ltd.(a) 63,000 325,366
Nippon Shokubai Co., Ltd. 27,000 262,453
Nissan Chemical Industries Ltd. 14,000 172,604
NOF Corp. 42,000 181,489
Sakata INX Corp. 22,000 115,915
Sanyo Chemical Industries Ltd. 29,000 180,281
Sumitomo Bakelite Co., Ltd. 35,000 201,148
Sumitomo Seika Chemicals Co., Ltd. 16,000 74,842
Taiyo Ink Manufacturing Co., Ltd. 4,700 135,669
Takasago International Corp. 22,000 126,436
Toagosei Co., Ltd.(a) 64,000 238,160
Tokai Carbon Co., Ltd. 28,000 316,967
Tokyo Ohka Kogyo Co., Ltd. 6,400 138,278
Toyo Ink Manufacturing Co., Ltd. 75,000 253,663
Yushiro Chemical Industry Co., Ltd.(a) 6,100 107,664
---------
Total Chemicals 6,204,958
-------------------------------------------------------------------------------
Commercial Services - 2.8%
Kamigumi Co., Ltd. 23,000 192,975
Kyodo Printing Co., Ltd. 44,000 135,043
Meitec Corp. 12,300 360,396
Nichii Gakkan Co.(a) 4,800 82,716
Nippon Parking Development Co., Ltd. 1,458 78,595
Nissha Printing Co., Ltd.(a) 11,400 331,052
Nomura Co., Ltd. 16,000 96,822
Sohgo Security Services Co., Ltd.(a) 21,300 345,571
TIS, Inc. 6,400 124,645
TKC Corp. 4,000 72,165
Toppan Forms Co., Ltd. 25,700 258,978
Zenrin Co., Ltd. 5,000 125,201
---------
Total Commercial Services 2,204,159
-------------------------------------------------------------------------------
Computers - 1.3%
Hitachi Information Systems Ltd. 8,400 180,029
Hitachi Systems & Services Ltd. 4,300 84,119
Information Services International-Dentsu Ltd. 8,000 81,868
NEC Fielding Ltd. 16,600 191,669
NS Solutions Corp. 6,900 190,775
Obic Co., Ltd. 860 166,594
Roland DG Corp. 3,200 151,632
---------
Total Computers 1,046,686
-------------------------------------------------------------------------------
Cosmetics/Personal Care - 1.5%
Aderans Co., Ltd.(a) 14,300 299,018
Fancl Corp.(a) 9,200 119,664
KOSE Corp. 7,500 198,887
Lion Corp.(a) 60,000 281,702
Mandom Corp. 8,000 195,453
T. Hasegawa Co., Ltd.(a) 7,100 133,648
---------
Total Cosmetics/Personal Care 1,228,372
-------------------------------------------------------------------------------
Distribution/Wholesale - 4.0%
ABC-Mart, Inc. 13,600 295,022
Advan Co., Ltd. 4,800 41,066
Doshisha Co., Ltd.(a) 3,200 53,002
Fuji Electronics Co., Ltd. 8,100 105,427
Hakuto Co., Ltd. 13,300 194,270
Hanwa Co., Ltd. 97,000 490,839
Impact 21 Co., Ltd. 6,400 144,399
Inaba Denki Sangyo Co., Ltd. 6,400 232,596
Itochu Enex Co., Ltd. 26,600 179,931
Iwatani International Corp.(a) 37,000 108,412
Japan Pulp & Paper Co., Ltd. 34,000 129,774
Mitsuuroko Co., Ltd. 17,000 120,463
Nagase & Co., Ltd. 14,000 165,544
Ryoden Trading Co., Ltd. 25,000 194,975
Ryoshoku Ltd. 4,500 105,247
Ryoyo Electro Corp. 13,200 190,629
San-Ai Oil Co., Ltd. 19,000 88,545
Sankyo Seiko Co., Ltd. 17,000 63,114
Sinanen Co., Ltd. 22,000 111,898
Trusco Nakayama Corp.(a) 8,000 138,417
---------
Total Distribution/Wholesale 3,153,570
-------------------------------------------------------------------------------
Diversified Financial Services - 3.4%
Century Leasing System, Inc. 14,500 159,731
Cosmo Securities Co., Ltd.(a) 75,000 110,855
Ichiyoshi Securities Co., Ltd. 12,400 131,423
Kyokuto Securities Co., Ltd. 11,600 108,421
See Notes to Financial Statements.
WisdomTree International Dividend Funds 55
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------
Okasan Holdings, Inc.(a) 95,000 $ 550,928
OMC Card, Inc.(a) 69,400 275,150
SFCG Co., Ltd. 3,020 422,482
Takagi Securities Co., Ltd. 34,000 110,855
Tokai Tokyo Securities Co., Ltd. 137,000 696,823
Tokyo Leasing Co., Ltd. 8,000 76,860
Toyo Securities Co., Ltd. 26,000 91,553
---------
Total Diversified Financial Services 2,735,081
--------------------------------------------------------------------------
Electric - 0.1%
Okinawa Electric Power Co., Inc. (The) 1,000 63,557
--------------------------------------------------------------------------
Electrical Components & Equipment - 1.4%
Hitachi Cable Ltd. 70,000 433,335
Nippon Signal Co., Ltd. (The) 7,900 49,111
SMK Corp. 16,000 131,322
Sumida Corp. 4,800 80,337
Toshiba TEC Corp. 64,000 395,079
---------
Total Electrical Components & Equipment 1,089,184
--------------------------------------------------------------------------
Electronics - 5.2%
Alps Electric Co., Ltd. 10,300 123,763
Anritsu Corp.(a) 18,000 75,747
CMK Corp. 4,800 51,332
Cosel Co., Ltd.(a) 5,900 87,616
Dainippon Screen Manufacturing Co., Ltd. 50,000 300,830
Eizo Nanao Corp. 4,800 157,753
Horiba Ltd. 3,700 155,380
Idec Corp.(a) 9,600 120,193
Kaga Electronics Co., Ltd. 6,800 105,238
Minebea Co., Ltd. 89,000 608,217
Nichicon Corp. 13,700 173,670
Nidec Copal Corp. 11,200 127,274
Nidec Copal Electronics Corp.(a) 9,300 52,558
Nippon Chemi-Con Corp. 16,000 141,616
Nitto Kogyo Corp. 8,000 123,114
Ryosan Co., Ltd. 16,800 419,945
Sanshin Electronics Co., Ltd. 8,000 112,611
Sanyo Denki Co., Ltd. 13,000 69,513
Sodick Co., Ltd. 7,400 49,670
Star Micronics Co., Ltd. 6,300 195,001
Tokyo Seimitsu Co., Ltd. 3,200 66,496
ULVAC, Inc.(a) 10,200 329,905
Yamatake Corp. 13,600 455,245
---------
Total Electronics 4,102,687
--------------------------------------------------------------------------
Engineering & Construction - 5.1%
Airport Facilities Co., Ltd. 4,300 29,573
COMSYS Holdings Corp. 21,000 230,057
Hitachi Plant Technologies Ltd.(a) 48,000 272,104
Japan Airport Terminal Co., Ltd.(a) 10,200 245,211
Kandenko Co., Ltd.(a) 36,000 229,744
Kyowa Exeo Corp. 16,000 167,630
Kyudenko Corp. 18,000 101,256
Maeda Corp. 37,000 142,834
Maeda Road Construction Co., Ltd.(a) 21,000 183,680
NEC Networks & System Integration Corp. 6,400 70,502
Nippo Corp. 16,000 127,844
Nippon Densetsu Kogyo Co., Ltd. 16,000 116,020
Nippon Koei Co., Ltd. 19,000 53,523
Nishimatsu Construction Co., Ltd. 85,000 256,445
Okumura Corp.(a) 51,000 259,401
Sanki Engineering Co., Ltd.(a) 16,000 96,544
Taikisha Ltd.(a) 12,700 171,483
Takasago Thermal Engineering Co., Ltd. 20,000 217,189
Takuma Co., Ltd.(a) 16,000 91,675
TOA CORP.*(a) 26,000 29,161
Toda Corp. 64,000 337,209
Toenec Corp. 14,000 69,017
Tokyu Construction Co., Ltd. 5,400 26,996
Toshiba Plant Systems & Services Corp. 30,000 291,354
Tsukishima Kikai Co., Ltd. 11,000 99,848
Yurtec Corp. 19,000 110,846
---------
Total Engineering & Construction 4,027,146
--------------------------------------------------------------------------
Entertainment - 0.6%
Avex Group Holdings, Inc.(a) 12,900 168,351
RESORTTRUST, Inc. 7,860 167,089
Toei Co., Ltd. 16,000 82,911
Tokyotokeiba Co., Ltd. 32,000 82,354
---------
Total Entertainment 500,705
--------------------------------------------------------------------------
Environmental Control - 0.2%
Asahi Pretec Corp. 4,800 156,501
--------------------------------------------------------------------------
Food - 5.5%
Ajinomoto Co., Inc. 14,250 178,412
Ariake Japan Co., Ltd.(a) 5,100 104,869
Ezaki Glico Co., Ltd.(a) 15,000 168,500
Fuji Oil Co., Ltd. 17,300 127,853
House Foods Corp. 21,300 371,312
Itoham Foods, Inc. 21,000 85,450
J-Oil Mills, Inc. 21,000 56,966
Kato Sangyo Co., Ltd. 8,000 104,960
Katokichi Co., Ltd. 28,200 128,968
Maruha Group, Inc. 51,000 83,363
Meiji Dairies Corp. 36,000 203,139
Meiji Seika Kaisha Ltd.(a) 74,000 371,881
Mitsui Sugar Co., Ltd. 13,000 45,890
Morinaga & Co., Ltd.(a) 67,000 147,381
Morinaga Milk Industry Co., Ltd. 58,000 231,970
Nichirei Corp. 46,000 210,773
Nippon Beet Sugar Manufacturing Co., Ltd. 11,000 25,823
Nippon Flour Mills Co., Ltd. 10,000 36,778
Nippon Suisan Kaisha Ltd. 49,100 259,129
Nisshin Oillio Group Ltd. (The)(a) 21,000 88,736
Nissin Food Products Co., Ltd. 555 19,784
QP Corp. 28,500 260,431
Showa Sangyo Co., Ltd. 50,000 121,289
Starzen Co., Ltd. 44,000 100,230
See Notes to Financial Statements.
56 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
Tokyu Store Chain Co., Ltd. 14,000 $ 60,496
Toyo Suisan Kaisha Ltd. 15,000 281,702
Valor Co., Ltd. 3,600 39,000
Yamazaki Baking Co., Ltd. 45,000 337,260
Yokohama Reito Co., Ltd. 13,000 100,709
---------
Total Food 4,353,054
-----------------------------------------------------------------------------
Forest Products & Paper - 1.1%
Chuetsu Pulp & Paper Co., Ltd. 34,000 71,243
Daiken Corp.(a) 34,000 96,961
Daio Paper Corp.(a) 31,000 251,202
Hokuetsu Paper Mills Ltd. 50,000 256,923
Rengo Co., Ltd. 32,000 215,624
---------
Total Forest Products & Paper 891,953
-----------------------------------------------------------------------------
Gas - 0.3%
Saibu Gas Co., Ltd. 111,000 259,610
-----------------------------------------------------------------------------
Hand/Machine Tools - 1.6%
Asahi Diamond Industrial Co., Ltd. 16,000 113,655
Disco Corp. 2,600 144,903
Hitachi Koki Co., Ltd. 38,200 657,618
Hitachi Tool Engineering Ltd. 500 6,304
Meidensha Corp.(a) 32,000 102,108
OSG Corp. 17,300 179,896
Union Tool Co. 1,800 77,625
---------
Total Hand/Machine Tools 1,282,109
-----------------------------------------------------------------------------
Healthcare-Products - 1.8%
Hogy Medical Co., Ltd. 1,900 89,371
Nihon Kohden Corp. 10,200 187,123
Nipro Corp. 25,024 493,889
Paramount Bed Co., Ltd.(a) 10,900 146,136
Paris Miki, Inc.(a) 23,900 324,166
Sysmex Corp. 3,600 138,660
TOPCON Corp.(a) 4,600 81,989
---------
Total Healthcare-Products 1,461,334
-----------------------------------------------------------------------------
Home Builders - 0.1%
Mitsui Home Co., Ltd. 16,000 92,510
Token Corp. 220 10,807
---------
Total Home Builders 103,317
-----------------------------------------------------------------------------
Home Furnishings - 1.8%
Alpine Electronics, Inc. 13,600 200,071
Canon Electronics, Inc. 7,900 201,595
France Bed Holdings Co., Ltd. 70,000 101,030
Hitachi Maxell Ltd. 18,500 199,452
Kenwood Corp.(a) 48,000 67,609
Nidec Sankyo Corp. 51,000 341,434
Noritz Corp.(a) 10,800 150,805
Toa Corp.(a) 24,000 192,810
---------
Total Home Furnishings 1,454,806
-----------------------------------------------------------------------------
Housewares - 0.7%
Noritake Co., Ltd. 32,000 152,467
Sangetsu Co., Ltd.(a) 16,900 367,343
---------
Total Housewares 519,810
-----------------------------------------------------------------------------
Insurance - 0.5%
Fuji Fire & Marine Insurance Co., Ltd. (The) 110,000 374,908
-----------------------------------------------------------------------------
Internet - 0.9%
Matsui Securities Co., Ltd.(a) 92,200 705,438
-----------------------------------------------------------------------------
Iron/Steel - 2.0%
Aichi Steel Corp.(a) 28,000 165,300
Godo Steel Ltd. 30,000 115,289
Mitsubishi Steel Manufacturing Co., Ltd. 15,000 73,164
Nakayama Steel Works Ltd.(a) 37,000 87,502
Nippon Metal Industry Co., Ltd.(a) 68,000 313,942
Sanyo Special Steel Co., Ltd. 54,000 449,785
Topy Industries Ltd. 35,000 93,423
Yodogawa Steel Works Ltd. 64,000 317,732
---------
Total Iron/Steel 1,616,137
-----------------------------------------------------------------------------
Leisure Time - 0.7%
Daikoku Denki Co., Ltd. 3,000 40,430
Heiwa Corp. 20,300 238,625
HIS Co., Ltd. 3,200 60,097
Mars Engineering Corp. 3,800 69,713
Mizuno Corp.(a) 27,000 150,711
---------
Total Leisure Time 559,576
-----------------------------------------------------------------------------
Machinery-Construction & Mining - 0.4%
Aichi Corp. 9,600 116,938
Tadano Ltd. 16,000 214,650
---------
Total Machinery-Construction & Mining 331,588
-----------------------------------------------------------------------------
Machinery-Diversified - 3.6%
Aida Engineering Ltd. 16,000 102,665
CKD Corp. 8,000 74,077
Daifuku Co., Ltd. 14,500 165,405
Ebara Corp.(a) 120,000 554,014
Furukawa Co., Ltd. 26,000 57,193
Komori Corp. 13,200 323,070
Makino Milling Machine Co., Ltd. 14,000 147,529
Max Co., Ltd. 14,000 207,051
Miura Co., Ltd. 8,500 272,704
Nabtesco Corp. 14,000 228,109
Nippon Thompson Co., Ltd. 12,000 106,630
Nitto Kohki Co., Ltd. 4,800 111,012
Sato Corp. 6,100 113,763
Tokyo Kikai Seisakusho Ltd.(a) 19,000 55,010
Tori Holdings Co., Ltd. 330,000 57,384
Toshiba Machine Co., Ltd. 16,000 119,080
Tsubakimoto Chain Co. 29,000 192,636
---------
Total Machinery-Diversified 2,887,332
-----------------------------------------------------------------------------
Metal Fabricate/Hardware - 1.4%
Kitz Corp. 27,000 245,081
MISUMI Group, Inc.(a) 9,000 152,589
Nachi-Fujikoshi Corp. 37,000 147,981
See Notes to Financial Statements.
WisdomTree International Dividend Funds 57
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------
Oiles Corp. 5,660 $ 122,289
Onoken Co., Ltd. 6,400 88,642
Ryobi Ltd. 27,000 175,360
Tocalo Co., Ltd. 2,800 52,463
Toho Zinc Co., Ltd. 13,000 119,810
---------
Total Metal Fabricate/Hardware 1,104,215
---------------------------------------------------------------------
Mining - 0.4%
Nippon Light Metal Co., Ltd. 96,000 211,173
Sumitomo Light Metal Industries Ltd. 46,000 81,189
---------
Total Mining 292,362
---------------------------------------------------------------------
Miscellaneous Manufacturing - 1.8%
Amano Corp.(a) 18,700 225,834
Bando Chemical Industries Ltd. 21,000 122,149
Kureha Corp. 48,000 211,172
Mitsuboshi Belting Co., Ltd. 16,000 83,885
Nikkiso Co., Ltd. 12,000 98,909
Nippon Valqua Industries Ltd. 21,000 72,304
Okamoto Industries, Inc. 32,000 112,125
Pentax Corp. 16,000 97,657
Sekisui Plastics Co., Ltd. 37,000 121,280
Shin-Etsu Polymer Co., Ltd. 6,700 72,758
Tokai Rubber Industries, Inc. 11,800 247,767
---------
Total Miscellaneous Manufacturing 1,465,840
---------------------------------------------------------------------
Office Furnishings - 0.4%
Kokuyo Co., Ltd. 14,400 149,490
Okamura Corp. 16,000 125,618
---------
Total Office Furnishings 275,108
---------------------------------------------------------------------
Office/Business Equipment - 0.1%
Canon Finetech, Inc. 5,900 101,364
---------------------------------------------------------------------
Oil & Gas - 0.2%
AOC Holdings, Inc. 6,000 97,866
Kanto Natural Gas Development Ltd. 7,000 43,942
---------
Total Oil & Gas 141,808
---------------------------------------------------------------------
Packaging & Containers - 0.2%
Fuji Seal International, Inc. 3,800 82,929
Nihon Yamamura Glass Co., Ltd. 32,000 77,346
---------
Total Packaging & Containers 160,275
---------------------------------------------------------------------
Pharmaceuticals - 2.6%
Kaken Pharmaceutical Co., Ltd. 27,000 195,548
Kobayashi Pharmaceutical Co., Ltd. 4,800 170,273
Kyorin Co., Ltd. 25,000 357,563
Miraca Holdings, Inc. 11,000 249,141
Mochida Pharmaceutical Co., Ltd. 18,000 170,430
Nippon Shinyaku Co., Ltd. 24,000 210,964
Seikagaku Corp. 12,500 144,112
SSP Co., Ltd.(a) 38,000 176,429
Toho Pharmaceutical Co., Ltd. 4,500 77,273
Tsumura & Co. 5,863 104,246
ZERIA Pharmaceutical Co., Ltd. 22,000 202,182
---------
Total Pharmaceuticals 2,058,161
---------------------------------------------------------------------
Real Estate - 1.1%
Ardepro Co., Ltd. 986 255,470
Arnest One Corp.(a) 10,700 60,749
Atrium Co., Ltd. 8,100 222,546
Iida Home Max(a) 11,000 140,877
Sumitomo Real Estate Sales Co., Ltd. 6 465
Tokyu Livable, Inc. 6,300 108,017
Touei Housing Corp.(a) 8,000 77,346
---------
Total Real Estate 865,470
---------------------------------------------------------------------
Retail - 7.4%
Alpen Co., Ltd. 9,400 125,944
AOKI Holdings, Inc. 6,400 126,592
Arcs Co., Ltd. 15,910 224,371
Aucnet, Inc. 8,500 170,717
Belluna Co., Ltd. 4,000 40,551
Best Denki Co., Ltd.(a) 55,000 388,296
Chiyoda Co., Ltd. 10,100 144,982
Circle K Sunkus Co. Ltd. 18,800 291,771
Culture Convenience Club Co., Ltd. 31,300 108,583
Don Quijote Co., Ltd. 4,800 99,118
Edion Corp. 31,400 349,177
Gigas K's Denki Corp. 3,200 69,695
Gulliver International Co., Ltd. 2,970 140,476
Hankyu Department Stores, Inc. 32,000 264,035
Heiwado Co., Ltd. 8,000 127,357
Izumiya Co., Ltd. 17,000 95,188
Kasumi Co., Ltd. 17,000 87,058
Keiyo Co., Ltd. 2,000 10,555
Kisoji Co., Ltd. 6,400 118,524
Kojima Co., Ltd.(a) 6,400 38,729
Komeri Co., Ltd. 6,400 171,943
Konaka Co., Ltd. 3,220 24,441
Matsumotokiyoshi Co., Ltd. 8,000 147,807
Ministop Co., Ltd. 7,600 135,461
MOS Food Services, Inc.(a) 7,500 102,834
Nishimatsuya Chain Co., Ltd. 5,200 65,873
Parco Co., Ltd. 11,200 149,281
Plenus Co., Ltd. 20,900 341,262
Point, Inc. 1,700 58,532
Right On Co., Ltd. 3,500 37,552
Royal Holdings Co., Ltd. 10,100 119,252
Ryohin Keikaku Co., Ltd. 6,500 373,560
Seiko Holdings Corp. 12,000 70,739
Senshukai Co., Ltd. 12,600 158,301
Shimachu Co., Ltd. 4,800 126,870
Sundrug Co., Ltd. 8,000 181,889
UNY Co., Ltd. 24,000 208,877
USS Co., Ltd. 3,950 259,292
Xebio Co., Ltd. 3,500 85,206
Zensho Co., Ltd. 8,400 84,792
---------
Total Retail 5,925,483
---------------------------------------------------------------------
See Notes to Financial Statements.
58 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
Semiconductors - 0.3%
Mimasu Semiconductor Industry Co., Ltd. 4,400 $ 98,700
Sanken Electric Co., Ltd. 14,000 68,530
Shinkawa Ltd. 5,700 104,322
-----------
Total Semiconductors 271,552
-------------------------------------------------------------------------------
Software - 2.2%
Capcom Co., Ltd.(a) 14,800 340,999
Fuji Soft ABC, Inc.(a) 3,200 65,383
Hitachi Software Engineering Co., Ltd. 9,900 188,506
Koei Co., Ltd.(a) 21,700 415,077
NEC Mobiling Ltd. 4,800 76,247
Nihon Unisys Ltd. 6,800 83,954
Nippon System Development Co., Ltd. 6,000 94,840
OBIC Business Consultants Ltd. 3,100 179,237
Sumisho Computer Systems Corp. 10,600 207,364
Trans Cosmos, Inc.(a) 6,500 106,417
-----------
Total Software 1,758,024
-------------------------------------------------------------------------------
Storage/Warehousing - 0.5%
Mitsui-Soko Co., Ltd.(a) 27,000 125,358
Sumitomo Warehouse Co., Ltd. (The) 44,000 280,798
-----------
Total Storage/Warehousing 406,156
-------------------------------------------------------------------------------
Telecommunications - 0.8%
Denki Kogyo Co., Ltd. 19,000 131,166
Hitachi Kokusai Electric, Inc. 12,000 149,719
Nippon Denwa Shisetsu Co., Ltd. 18,000 62,601
Uniden Corp. 47,000 310,976
-----------
Total Telecommunications 654,462
-------------------------------------------------------------------------------
Textiles - 0.9%
Kurabo Industries Ltd. 52,000 129,305
Nitto Boseki Co., Ltd. 32,000 92,649
Seiren Co., Ltd. 6,500 42,838
Toyobo Co., Ltd. 169,000 395,261
Unitika Ltd.(a) 66,000 78,616
-----------
Total Textiles 738,669
-------------------------------------------------------------------------------
Toys/Games/Hobbies - 0.2%
Sanrio Co., Ltd.(a) 2,700 27,889
TOMY Co., Ltd.(a) 17,300 91,602
-----------
Total Toys/Games/Hobbies 119,491
-------------------------------------------------------------------------------
Transportation - 3.4%
Daiichi Chuo Kisen Kaisha 61,000 593,479
Fukuyama Transporting Co., Ltd.(a) 22,000 101,378
Hitachi Transport System Ltd. 6,900 79,670
Iino Kaiun Kaisha, Ltd. 22,500 317,893
Keisei Electric Railway Co., Ltd. 35,000 193,844
Kintetsu World Express, Inc. 1,100 37,586
Maruzen Showa Unyu Co., Ltd. 9,000 30,909
Nippon Konpo Unyu Soko Co., Ltd. 5,000 67,991
Nishi-Nippon Railroad Co., Ltd. 69,000 247,168
Sagami Railway Co., Ltd. 85,000 298,570
Sankyu, Inc. 19,000 109,194
Seino Holdings Corp. 30,000 276,747
Senko Co., Ltd. 11,000 36,343
Shinwa Kaiun Kaisha, Ltd. 32,000 331,922
-----------
Total Transportation 2,722,694
-------------------------------------------------------------------------------
Venture Capital - 0.1%
Jafco Co., Ltd. 2,500 92,597
-------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $84,327,609) 79,165,775
===============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 13.7%
MONEY MARKET FUNDS(b) - 13.7%
AIM Liquid Assets Portfolio, 5.11% 65 65
UBS Enhanced Yield Portfolio, 5.38% 2,992,848 2,992,848
UBS Private Money Market Fund LLC, 5.21% 7,931,560 7,931,560
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $10,924,473)(c) 10,924,473
===============================================================================
TOTAL INVESTMENTS IN SECURITIES - 113.2%
(Cost: $95,252,082)(d) 90,090,248
Liabilities in Excess of Foreign Currency and
Other Assets - (13.2)% (10,510,970)
-----------
NET ASSETS - 100.0% $79,579,278
===============================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $10,301,312 and the total market value of the collateral held by
the Fund was $10,924,473.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 59
Schedule of Investments (unaudited)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
COMMON STOCKS - 98.8%
Australia - 58.2%
A.B.C. Learning Centres Ltd.(a) 44,491 $ 258,676
ABB Grain Ltd. 18,758 128,649
Adelaide Bank Ltd.(a) 34,090 426,273
Adelaide Brighton Ltd.(a) 168,485 588,948
Alesco Corp., Ltd.(a) 29,462 338,420
Alumina Ltd. 120,584 761,915
Amcor Ltd.(a) 125,647 820,592
AMP Ltd. 238,112 2,220,960
APN News & Media Ltd.(a) 83,928 387,700
Aristocrat Leisure Ltd.(a) 38,903 478,538
ASG Group Ltd. 42,414 54,425
Auspine Ltd. 18,804 94,851
Austal Ltd. 31,151 93,452
Austbrokers Holdings Ltd. 58,117 215,494
Australia & New Zealand Banking Group Ltd. 302,267 7,944,491
Australian Agricultural Co., Ltd. 42,167 107,469
Australian Stock Exchange Ltd.(a) 20,934 995,748
Australian Wealth Management Ltd. 7,818 17,158
AXA Asia Pacific Holdings Ltd. 143,565 990,974
Bank of Queensland Ltd.(a) 30,923 470,136
Beach Petroleum Ltd. 52,581 69,332
Bendigo Bank Ltd.(a) 34,652 420,115
BHP Billiton Ltd. 199,398 7,861,174
Billabong International Ltd.(a) 30,099 399,009
BlueScope Steel Ltd.(a) 153,387 1,459,204
Boral Ltd.(a) 80,170 510,105
Bravura Solutions Ltd. 57,014 88,295
Caltex Australia Ltd.(a) 30,383 632,930
Centennial Coal Co Ltd.(a) 50,666 167,242
Challenger Financial Services Group Ltd. 117,620 645,345
Coca-Cola Amatil Ltd.(a) 127,270 1,013,649
Cochlear Ltd. 8,225 567,449
Coles Group Ltd. 134,930 1,838,859
Commander Communications Ltd.(a) 143,894 75,767
Commonwealth Bank of Australia 225,261 11,241,052
Computershare Ltd. 54,481 447,899
Corporate Express Australia Ltd.(a) 68,756 429,570
Crane Group Ltd. 446 6,737
CSL Ltd. 7,915 751,570
CSR Ltd. 146,767 403,931
David Jones Ltd.(a) 146,690 662,048
Devine Ltd. 62,110 73,652
Dominion Mining Ltd. 39,174 129,655
Domino's Pizza Enterprises Ltd. 22,643 66,526
Downer EDI Ltd. 53,967 298,966
Fantastic Holdings Ltd. 12,534 44,368
Felix Resources Ltd. 9,802 49,790
Fleetwood Corp. Ltd. 11,566 98,771
Flight Centre Ltd. 732 14,057
Foster's Group Ltd. 275,807 1,593,813
Futuris Corp., Ltd.(a) 244,800 461,434
Goodman Fielder Ltd. 75,852 173,183
GRD Ltd. 38,772 82,347
GUD Holdings Ltd.(a) 11,166 102,272
Gunns Ltd. 13,649 33,700
GWA International Ltd.(a) 64,477 223,100
Harvey Norman Holdings Ltd. 107,301 565,938
Healthscope Ltd.(a) 22,650 115,454
Hills Industries Ltd.(a) 81,312 420,949
IBT Education Ltd. 62,314 110,014
Incitec Pivot Ltd. 1,685 127,552
Independence Group NL 6,829 39,584
Insurance Australia Group Ltd.(a) 390,423 1,813,901
Iress Market Technology Ltd.(a) 13,421 92,640
John FairFax Holdings Ltd.(a) 246,118 1,028,026
Jubilee Mines NL(a) 5,643 86,692
Just Group Ltd. 33,182 152,695
Leighton Holdings Ltd.(a) 20,148 918,244
Lend Lease Corp. Ltd. 63,252 1,057,925
Lion Nathan Ltd. 77,324 631,589
MacArthur Coal Ltd.(a) 19,681 118,434
Macmahon Holdings Ltd. 25,353 37,468
Macquarie Bank Ltd.(a) 29,177 2,179,224
Mariner Financial Ltd. 125,308 70,416
Metcash Ltd.(a) 100,121 418,202
MFS Ltd.(a) 97,497 404,653
Minara Resources Ltd.(a) 108,957 627,704
National Australia Bank Ltd. 259,159 9,107,204
New Hope Corp. Ltd.(a) 91,422 194,169
Nufarm Ltd.(a) 41,082 487,528
OneSteel Ltd.(a) 115,291 703,985
Orica Ltd. 27,434 730,760
Origin Energy Ltd. 85,158 776,214
Oxiana Ltd.(a) 103,772 356,312
Pacific Brands Ltd. 192,015 526,764
PaperlinX Ltd. 134,457 361,723
Perilya Ltd. 63,605 224,586
Perpetual Ltd.(a) 6,325 408,995
Publishing & Broadcasting Ltd.(a) 72,704 1,267,487
Qantas Airways Ltd. 207,569 1,024,980
QBE Insurance Group Ltd. 80,488 2,407,502
Rio Tinto Ltd.(a) 24,653 2,361,001
Santos Ltd. 83,203 1,108,139
Seek Ltd.(a) 77,584 625,474
Servcorp Ltd. 15,137 67,915
Seven Network Ltd.(a) 43,948 509,483
Sims Group Ltd.(a) 24,436 698,044
Sonic Healthcare Ltd. 30,406 419,762
SP Telemedia Ltd.(a) 215,897 85,021
Specialty Fashion Group Ltd. 57,262 81,585
St.George Bank Ltd.(a) 89,038 2,788,527
Straits Resources Ltd. 14,615 60,141
STW Communications Group Ltd. 23,512 54,098
Suncorp-Metway Ltd. 177,665 3,191,661
See Notes to Financial Statements.
60 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------------
Sunland Group Ltd. 27,815 $ 99,690
Symbion Health Ltd. 138,498 511,091
TABCORP Holdings Ltd.(a) 107,441 1,440,462
Telstra Corp. Ltd. 2,306,515 8,899,419
Ten Network Holdings Ltd.(a) 143,700 345,895
Timbercorp Ltd.(a) 69,453 116,164
Toll Holdings Ltd. 28,873 334,976
Transfield Services Ltd.(a) 52,599 616,289
Transpacific Industries Group 4,959 49,590
United Group Ltd.(a) 31,842 522,149
Washington H. Soul Pattinson & Co., Ltd. 50,560 414,321
Wesfarmers Ltd.(a) 100,630 3,740,207
West Australian Newspapers Holdings Ltd.(a) 46,301 635,918
Westpac Banking Corp. 306,918 7,740,804
WHK Group Ltd. 193,576 342,610
Woodside Petroleum Ltd. 73,954 3,285,371
Woolworths Ltd. 120,952 3,180,056
WorleyParsons Ltd. 9,272 347,985
Zinifex Ltd. 157,724 2,473,320
-----------
Total Australia 127,274,466
-------------------------------------------------------------------------------------
Hong Kong - 28.3%
Bank of East Asia Ltd. 135,416 759,995
Beijing Enterprises Holdings Ltd. 32,004 162,726
BOC Hong Kong (Holdings) Ltd. 1,304,891 3,308,986
Cathay Pacific Airways Ltd. 309,000 845,224
Cheung Kong (Holdings) Ltd. 163,015 2,690,110
China Merchants Holdings (International) Co., Ltd. 90,009 560,192
China Mobile Ltd. 1,099,613 18,018,668
China Netcom Group Corp. Ltd. 289,004 773,787
China Overseas Land & Investment Ltd. 200,026 456,767
China Power International Development Ltd. 233,000 122,069
China Resources Enterprise, Ltd. 108,009 458,805
China Resources Power Holdings Co. Ltd. 148,017 460,133
China Travel International Investment Hong Kong
Ltd. 276,052 204,321
China Unicom Ltd. 436,047 902,555
Chong Hing Bank Ltd.(a) 52,000 113,657
CITIC International Financial Holdings Ltd. 364,039 291,469
CITIC Pacific Ltd. 208,026 1,328,170
CLP Holdings Ltd. 352,031 2,437,910
CNOOC Ltd. 3,273,140 5,502,528
Cross-Harbour Holdings Ltd. 6,000 6,534
Dah Sing Banking Group Ltd. 83,204 183,787
Denway Motors Ltd. 520,052 301,910
Fountain Set (Holdings) Ltd. 50,000 18,279
Fubon Bank (Hong Kong) Ltd. 256,000 151,584
Guangdong Investment Ltd. 408,039 279,952
Guangzhou Investment Co., Ltd. 208,022 65,068
Hang Seng Bank Ltd. 259,127 4,606,391
Henderson Investment Ltd. 189,017 313,867
Hong Kong & China Gas Co., Ltd. (The)(a) 167,309 389,809
Hong Kong Aircraft Engineering Co., Ltd. 10,399 235,457
Hong Kong Exchanges and Clearing Ltd. 62,004 1,896,359
Hongkong & Shanghai Hotels Ltd. (The) 141,506 251,003
Hongkong Electric Holdings Ltd. 247,025 1,284,626
Hopewell Holdings Ltd. 84,006 401,179
Hutchison Whampoa Ltd. 234,000 2,504,565
Industrial & Commercial Bank of China Ltd. 19,015 53,114
Link REIT (The) 15,000 33,017
MTR Corp.(a) 402,530 1,199,510
New World Development Co., Ltd. 331,022 916,115
Oriental Press Group Ltd. 1,132,047 180,693
PCCW Ltd. 1,014,054 670,932
Poly Hong Kong Investment Ltd. 105,000 126,644
Shanghai Industrial Holdings Ltd. 57,006 284,713
Shaw Brothers (Hong Kong) Ltd. 78,006 141,178
Shell Electric Manufacturing Co., Ltd. 62,000 63,846
Shun TAK Holdings Ltd. 112,004 180,506
Singamas Container Holdings Ltd.(a) 412,000 250,319
Sino Land Co. Ltd. 370,022 921,167
Sun Hung Kai & Co., Ltd. 65,000 92,873
Sun Hung Kai Properties Ltd. 135,000 2,276,457
Television Broadcasts Ltd. 26,002 156,307
Tianjin Development Holdings Ltd. 46,000 65,607
Vitasoy International Holdings Ltd. 268,000 116,257
Wharf (Holdings) Ltd. (The) 261,017 1,283,473
Wing Hang Bank Ltd. 26,002 299,226
Wing Lung Bank Ltd. 26,004 269,625
-----------
Total Hong Kong 61,870,021
-------------------------------------------------------------------------------------
New Zealand - 2.8%
Air New Zealand Ltd. 116,111 216,702
Auckland International Airport Ltd. 204,530 483,719
Blue Chip Financial Solutions Ltd. 155,986 96,628
CanWest MediaWorks (NZ) Ltd. 36,811 74,821
Contact Energy Ltd. 60,064 417,082
Fisher & Paykel Appliances Holdings Ltd. 57,074 153,525
Fletcher Building Ltd. 101,713 975,281
Freightways Ltd. 22,271 63,946
Hallenstein Glasson Holdings Ltd. 15,940 53,717
Hellaby Holdings Ltd. 19,088 38,942
Infratil Ltd. 42,627 95,661
Mainfreight Ltd. 11,020 55,789
New Zealand Refining Co., Ltd. (The) 78,966 453,467
Nuplex Industries Ltd. 20,246 112,286
PGG Wrightson Ltd. 28,815 42,021
Port of Tauranga Ltd. 19,422 98,324
Ryman Healthcare Ltd. 126,073 198,142
Sanford Ltd. 54,312 178,516
Telecom Corp. of New Zealand Ltd.(a) 578,963 1,955,465
Tourism Holdings Ltd. 23,893 43,329
Turners & Growers 8,579 14,909
Vector Ltd. 86,650 160,408
-----------
Total New Zealand 5,982,680
-------------------------------------------------------------------------------------
Singapore - 9.5%
Ascott Group Ltd. (The) 55,314 60,738
See Notes to Financial Statements.
WisdomTree International Dividend Funds 61
Schedule of Investments (unaudited) (concluded)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------------
Boustead Singapore Ltd. 3,000 $ 4,850
Cerebos Pacific Ltd. 26,000 70,410
CH Offshore Ltd. 22,000 13,486
China Aviation Oil Singapore Corp. Ltd. 33,000 56,465
City Developments Ltd. 26,000 283,741
ComfortDelgro Corp., Ltd. 208,000 271,831
Cosco Corp. (Singapore) Ltd. 54,000 216,444
DBS Group Holdings Ltd. 136,000 1,978,915
FJ Benjamin Holdings Ltd. 41,000 24,858
Fraser and Neave Ltd. 108,070 414,968
GMG Global Ltd. 280,000 25,464
Guocoland Ltd.(a) 52,000 178,652
Hong Leong Asia Ltd. 76,000 198,646
Hotel Plaza Ltd. 77,000 112,560
Hotel Properties Ltd. 51,000 162,161
Inter-Roller Engineering Ltd. 27,000 15,278
Jardine Cycle & Carriage Ltd. 24,250 302,216
Jaya Holdings Ltd. 104,000 140,119
Keppel Corp. Ltd. 58,000 562,633
Keppel Land Ltd. 26,000 145,374
Keppel Telecommunications & Transportation Ltd. 52,000 157,634
Labroy Marine Ltd. 72,000 118,347
MobileOne Ltd. 136,000 187,814
Neptune Orient Lines Ltd. 15,000 53,555
Oversea-Chinese Banking Corp. Ltd. 230,000 1,378,962
Parkway Holdings Ltd. 78,000 222,790
Petra Foods Ltd. 77,720 84,293
Raffles Education Corp., Ltd. 53,000 81,761
SBS Transit Ltd. 39,000 80,393
SembCorp Industries Ltd. 104,000 451,885
SembCorp Marine Ltd. 177,800 550,965
SIA Engineering Co., Ltd. 76,000 250,867
Singapore Airlines Ltd. 98,400 1,232,941
Singapore Airport Terminal Services Ltd. 104,000 191,963
Singapore Exchange Ltd. 52,000 451,885
Singapore Petroleum Co., Ltd. 54,000 247,364
Singapore Post Ltd. 286,000 235,050
Singapore Press Holdings Ltd. 180,000 523,830
Singapore Reinsurance Corp., Ltd. 919,000 219,775
Singapore Technologies Engineering Ltd. 182,000 478,157
Singapore Telecommunications Ltd. 1,722,450 4,664,522
SMRT Corp. Ltd. 213,000 245,364
StarHub Ltd. 186,080 388,594
Straits Trading Co., Ltd. 47,000 143,110
Unisteel Technology Ltd. 56,250 81,470
United Engineers Ltd. 54,000 141,871
United Overseas Bank Ltd. 131,000 1,950,285
UOB Kay Hian Holdings Ltd. 104,000 150,628
Venture Corp., Ltd. 25,000 277,881
WBL Corp., Ltd. 26,000 69,009
Wing Tai Holdings Ltd. 52,000 135,215
XP Power Ltd. 2,306 16,937
------------
Total Singapore 20,704,926
--------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $179,346,214) $215,832,093
======================================================================================
SHORT-TERM INVESTMENT - 0.1%
MONEY MARKET FUND - 0.1%
United States - 0.1%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $302,768) 302,768 302,768
======================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 13.1%
MONEY MARKET FUNDS(c) - 13.1%
UBS Enhanced Yield Portfolio, 5.38%, 9,512,381 9,512,381
UBS Private Money Market Fund LLC, 5.21%, 19,072,607 19,072,607
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $28,584,988)(d) 28,584,988
======================================================================================
TOTAL INVESTMENTS IN SECURITIES - 112.0%
(Cost: $208,233,970)(e) 244,719,849
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (12.0)% (26,161,524)
------------
NET ASSETS - 100.0% $218,558,325
======================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $27,134,880 and the total market value of the collateral held by
the Fund was $28,584,988.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
62 WisdomTree International Dividend Funds
Schedule of Investment (unaudited)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
COMMON STOCKS - 98.7%
Australia - 86.2%
ABB Grain Ltd. 32,795 $ 224,920
Adelaide Bank Ltd.(a) 29,936 374,330
Adelaide Brighton Ltd.(a) 178,129 622,659
Alesco Corp., Ltd. 36,847 423,249
Amcor Ltd.(a) 181,436 1,184,946
AMP Ltd. 300,923 2,806,822
APN/UKA European Retail Trust 101,712 120,613
Austereo Group Ltd. 127,424 281,910
Australia & New Zealand Banking Group Ltd. 296,050 7,781,089
AWB Ltd.(a) 173,193 377,037
Bank of Queensland Ltd.(a) 18,685 284,076
BlueScope Steel Ltd. 163,876 1,558,988
Cardno Ltd. 2,886 20,304
Coca-Cola Amatil Ltd. 154,565 1,231,041
Coffey International Ltd. 8,749 26,479
Commander Communications Ltd. 72,054 37,940
Commonwealth Bank of Australia 180,398 9,002,284
Crane Group Ltd.(a) 28,742 434,180
CSR Ltd. 195,143 537,072
David Jones Ltd.(a) 145,916 658,555
Equigold NL 37,053 85,254
Foster's Group Ltd. 356,810 2,061,908
Funtastic Ltd. 25,241 31,830
Futuris Corp., Ltd.(a) 197,730 372,710
Gloucester Coal Ltd. 7,427 32,140
Goodman Fielder Ltd. 216,352 493,969
GrainCorp. Ltd. 26,742 231,920
Great Southern Plantations Ltd.(a) 172,519 354,196
GUD Holdings Ltd. 45,239 414,355
Gunns Ltd.(a) 132,632 327,470
GWA International Ltd.(a) 130,602 451,903
Hills Industries Ltd.(a) 87,833 454,708
Hpal Ltd. 19,250 42,929
IBT Education Ltd.(a) 183,422 323,827
Iluka Resources Ltd. 72,631 354,797
Insurance Australia Group Ltd.(a) 428,404 1,990,360
Invocare Ltd. 16,481 95,823
IWL Ltd. 12,013 67,825
John FairFax Holdings Ltd.(a) 314,267 1,312,682
Just Group Ltd. 97,417 448,288
Lion Nathan Ltd. 117,973 963,614
MacArthur Coal Ltd.(a) 97,491 586,668
Minara Resources Ltd. 155,033 893,149
Mortgage Choice Ltd. 41,098 92,743
National Australia Bank Ltd. 221,302 7,776,857
Pacific Brands Ltd. 162,677 446,279
Peet Ltd. 67,560 227,192
Perpetual Ltd.(a) 10,605 685,754
Photon Group Ltd. 3,738 20,509
Port Bouvard Ltd. 331,703 519,567
Primary Health Care Ltd. 48,343 521,074
Ridley Corp., Ltd.(a) 100,246 103,794
Salmat Ltd. 28,887 119,638
Select Harvests Ltd. 5,885 37,862
Service Stream Ltd. 22,267 42,169
Sims Group Ltd.(a) 36,122 1,031,868
Skilled Group Ltd.(a) 18,394 87,900
Southern Cross Broadcasting Australia Ltd. 34,983 530,624
Specialty Fashion Group Ltd. 32,476 46,271
Spotless Group Ltd.(a) 87,770 337,097
St.George Bank Ltd.(a) 102,553 3,211,795
STW Communications Group Ltd.(a) 80,405 185,002
Suncorp-Metway Ltd. 203,714 3,659,618
Sunland Group Ltd.(a) 139,812 501,093
TABCORP Holdings Ltd.(a) 139,541 1,870,825
Technology One Ltd. 34,596 33,677
Telstra Corp. Ltd. 1,948,605 7,518,464
Timbercorp Ltd.(a) 199,747 334,088
Treasury Group Ltd. 1,680 21,929
UXC Ltd. 24,988 53,072
Wattyl Ltd. 29,192 83,959
Wesfarmers Ltd. 108,680 4,039,408
West Australian Newspapers Holdings Ltd.(a) 62,493 858,306
Westpac Banking Corp. 319,362 8,054,655
Zinifex Ltd. 176,514 2,767,972
----------
Total Australia 86,201,880
-----------------------------------------------------------------------------
Hong Kong - 5.6%
Fubon Bank (Hong Kong) Ltd. 208 123
GZI Real Estate Investment Trust 621,290 248,719
Hang Seng Bank Ltd. 280,300 4,982,774
Next Media Ltd. 1,056,000 299,048
Oriental Press Group Ltd. 1,146 183
Prosperity Real Estate Investment Trust 219,104 46,536
----------
Total Hong Kong 5,577,383
-----------------------------------------------------------------------------
New Zealand - 5.4%
CanWest MediaWorks (NZ) Ltd. 46,295 94,098
Fisher & Paykel Appliances Holdings Ltd. 129,350 347,943
Fisher & Paykel Healthcare Corp. 150,746 375,882
Fletcher Building Ltd. 107,231 1,028,191
Freightways Ltd. 27,944 80,235
New Zealand Refining Co., Ltd. (The) 90,894 521,964
Nuplex Industries Ltd. 17,097 94,822
PGG Wrightson Ltd. 22,448 32,736
Sky City Entertainment Group Ltd. 152,758 602,513
Telecom Corp. of New Zealand Ltd.(a) 584,936 1,975,639
Vector Ltd. 170,057 314,813
----------
Total New Zealand 5,468,836
-----------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 63
Schedule of Investment (unaudited) (concluded)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Singapore - 1.5%
Creative Technology Ltd. 12,650 $ 51,982
HTL International Holdings Ltd. 61,000 34,518
Inter-Roller Engineering Ltd. 46,000 26,030
Jaya Holdings Ltd. 299,000 402,843
Jurong Technologies Industrial Corp., Ltd. 72,000 36,620
MobileOne Ltd. 270,100 373,003
Robinson & Co., Ltd. 5,510 18,039
SMRT Corp. Ltd. 436 502
StarHub Ltd. 790 1,650
UOB-Kay Hian Holdings Ltd. 379,000 548,924
------------
Total Singapore 1,494,111
----------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $88,953,524) 98,742,210
============================================================================
SHORT-TERM INVESTMENT - 0.0%
MONEY MARKET FUND - 0.0%
United States - 0.0%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $10,699) 10,699 10,699
============================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 18.3%
MONEY MARKET FUNDS(c) - 18.3%
UBS Enhanced Yield Portfolio, 5.38% 3,632,678 3,632,678
UBS Private Money Market Fund LLC, 5.21% 14,699,954 14,699,954
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $18,332,632)(d) 18,332,632
============================================================================
TOTAL INVESTMENTS IN SECURITIES - 117.0%
(Cost: $107,296,855)(e) 117,085,541
Liabilities in Excess of Foreign Currency and
Other Assets - (17.0)% (17,055,545)
------------
NET ASSETS - 100.0% $100,029,996
============================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $17,207,625 and the total market value of the collateral held by
the Fund was $18,332,632.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
64 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree International LargeCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Australia - 7.0%
AMP Ltd. 35,889 $ 334,750
Australia & New Zealand Banking Group Ltd. 52,894 1,390,214
BHP Billiton Ltd. 30,316 1,195,195
Coles Group Ltd. 2,961 40,353
Commonwealth Bank of Australia 35,056 1,749,377
Macquarie Bank Ltd. 3,697 276,128
National Australia Bank Ltd. 41,048 1,442,483
QBE Insurance Group Ltd. 12,567 375,896
Rio Tinto Ltd.(a) 3,609 345,631
St.George Bank Ltd.(a) 9,948 311,555
Suncorp-Metway Ltd. 4,983 89,517
Telstra Corp. Ltd. 315,309 1,216,583
Westpac Banking Corp. 46,031 1,160,952
Woodside Petroleum Ltd. 8,453 375,520
Woolworths Ltd. 20,170 530,307
----------
Total Australia 10,834,461
------------------------------------------------------------------------------
Austria - 0.3%
Bank Austria Creditanstalt AG 1,511 311,586
OMV AG 1,292 86,046
----------
Total Austria 397,632
------------------------------------------------------------------------------
Belgium - 1.7%
Belgacom S.A. 8,961 414,686
Dexia N.V. 13,623 411,503
Fortis N.V. 29,963 879,935
InBev N.V. 3,195 288,802
KBC Groep N.V. 4,465 612,638
----------
Total Belgium 2,607,564
------------------------------------------------------------------------------
Denmark - 0.6%
Danske Bank A/S 11,121 450,348
Novo-Nordisk A/S Class B 3,555 427,982
----------
Total Denmark 878,330
------------------------------------------------------------------------------
Finland - 1.6%
Fortum Oyj 22,311 816,719
Nokia Oyj 43,015 1,630,892
----------
Total Finland 2,447,611
------------------------------------------------------------------------------
France - 14.4%
Accor S.A. 2,933 259,697
Alcatel-Lucent 3,799 38,900
AXA S.A. 46,833 2,090,019
BNP Paribas 13,625 1,486,975
Bouygues S.A. 3,851 331,285
Carrefour S.A. 9,283 648,605
Christian Dior S.A. 1,490 190,159
Cie de Saint-Gobain S.A. 4,487 467,039
CNP Assurances S.A. 1,644 209,743
Credit Agricole S.A. 20,857 802,351
Electricite de France 8,291 874,306
Gaz de France(a) 7,130 369,499
Groupe Danone 5,880 461,596
Lafarge S.A. 2,459 379,956
L'Air Liquide S.A. 3,240 432,485
L'Oreal S.A. 5,723 748,784
LVMH Moet Hennessy Louis Vuitton S.A. 4,452 532,282
Natixis 39,385 870,977
Peugeot S.A. 3,781 311,229
PPR S.A. 2,189 410,740
Renault S.A. 5,099 736,901
Sanofi-Aventis 10,541 890,158
Schneider Electric S.A. 3,583 451,467
Societe Generale 6,602 1,104,901
Suez S.A. 24,551 1,441,997
TOTAL S.A. 45,141 3,660,528
Vallourec 121 34,760
Veolia Environnement S.A. 3,389 291,060
VINCI S.A. 6,698 521,904
Vivendi S.A. 25,378 1,068,303
----------
Total France 22,118,606
------------------------------------------------------------------------------
Germany - 8.8%
Allianz SE 4,475 1,042,761
BASF AG 6,578 907,425
Bayer AG 8,475 672,783
Bayer Schering Pharma AG 1,318 197,092
Bayerische Motoren Werke AG 3,366 216,514
Commerzbank AG 5,294 213,744
DaimlerChrysler AG 14,897 1,496,563
Deutsche Bank AG 4,163 535,086
Deutsche Boerse AG 1,710 232,244
Deutsche Post AG 16,746 485,832
Deutsche Postbank AG 1,468 107,496
Deutsche Telekom AG 105,519 2,067,879
E.ON AG 9,311 1,716,909
Metro AG 3,041 273,930
Muenchener Rueckversicherungs-Gesellshaft AG 2,764 529,757
RWE AG 5,931 743,947
SAP AG 3,790 221,257
Siemens AG 7,240 992,774
ThyssenKrupp AG 5,733 364,121
Volkswagen AG 2,454 553,158
----------
Total Germany 13,571,272
------------------------------------------------------------------------------
Hong Kong - 4.3%
BOC Hong Kong (Holdings) Ltd. 198,471 503,289
Cheung Kong (Holdings) Ltd. 20,786 343,015
China Mobile Ltd. 186,919 3,062,925
China Netcom Group Corp. (Hong Kong) Ltd. 1,000 2,677
China Unicom Ltd. 84,110 174,096
CLP Holdings Ltd. 45,110 312,399
CNOOC Ltd. 353,529 594,323
See Notes to Financial Statements.
WisdomTree International Dividend Funds 65
Schedule of Investments (unaudited) (continued)
WisdomTree International LargeCap Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
Hang Seng Bank Ltd. 41,895 $ 744,750
Hong Kong & China Gas Co., Ltd. (The) 657 1,531
Hutchison Whampoa Ltd. 44,110 472,121
MTR Corp. 110 328
Sun Hung Kai Properties Ltd. 24,442 412,157
----------
Total Hong Kong 6,623,611
-----------------------------------------------------------------------------
Ireland - 0.5%
Allied Irish Banks PLC 13,075 316,108
Anglo Irish Bank Corp. PLC 3,173 58,662
Bank of Ireland 13,381 248,339
CRH PLC 3,305 129,914
----------
Total Ireland 753,023
-----------------------------------------------------------------------------
Italy - 7.5%
Assicurazioni Generali SpA 10,940 480,130
Atlantia SpA 3,195 107,642
Banca Intesa SpA 302,933 2,332,869
Banca Monte dei Paschi di Siena S.p.A 20,957 128,232
Capitalia SpA 33,984 323,813
Enel SpA 198,545 2,241,943
Eni SpA 89,689 3,315,055
Luxottica Group SpA 2,074 70,405
Mediobanca SpA(a) 9,845 214,776
Telecom Italia SpA 376,177 1,140,845
UniCredito Italiano SpA 141,981 1,211,509
----------
Total Italy 11,567,219
-----------------------------------------------------------------------------
Japan - 6.2%
Astellas Pharma, Inc. 4,300 205,999
Bridgestone Corp. 2,200 48,585
Canon, Inc. 6,600 359,796
Chubu Electric Power Co., Inc. 6,600 170,717
Daiwa Securities Group, Inc. 8,000 76,094
DENSO CORP. 4,400 165,648
Eisai Co., Ltd. 3,900 184,124
Fanuc Ltd. 2,000 203,626
Fuji Photo Film Co., Ltd. 2,200 101,569
Hitachi Ltd. 22,000 146,329
Honda Motor Co., Ltd. 9,100 305,404
Hoya Corp. 1,900 64,757
Japan Tobacco, Inc. 26 142,642
JFE Holdings, Inc. 2,200 155,701
Kansai Electric Power Co., Inc. (The) 6,600 150,633
Kao Corp. 4,000 119,289
KDDI Corp. 4 29,631
Komatsu Ltd. 6,800 228,214
Kyocera Corp. 2,000 187,280
Matsushita Electric Industrial Co., Ltd. 2,000 37,473
Millea Holdings, Inc. 4,000 160,675
Mitsubishi Corp. 6,700 212,042
Mitsubishi Electric Corp. 20,000 250,402
Mitsubishi Estate Co., Ltd. 1,220 34,898
Mitsubishi UFJ Financial Group, Inc. 39,000 341,121
Mitsui & Co., Ltd. 2,000 48,515
Mitsui Fudosan Co., Ltd. 1,220 33,837
Mitsui Sumitomo Insurance Co., Ltd. 1,000 11,729
Nippon Steel Corp. 61,000 438,612
Nippon Telegraph & Telephone Corp. 94 438,882
Nissan Motor Co., Ltd. 35,700 357,264
Nomura Holdings, Inc. 15,100 252,859
NTT DoCoMo, Inc. 330 470,547
Sharp Corp. 2,000 36,256
SOFTBANK CORP. 2,500 46,081
Sony Corp. 1,600 77,486
Sumitomo Corp. 8,800 169,856
Sumitomo Metal Industries Ltd. 39,000 227,188
Sumitomo Realty & Development Co., Ltd. 1,220 42,854
Sumitomo Trust & Banking Co., Ltd. (The) 8,000 60,444
Suzuki Motor Corp. 2,200 65,035
T&D Holdings, Inc. 7,800 479,468
Takeda Pharmaceutical Co., Ltd. 8,900 625,240
Tokyo Electric Power Co., Inc. (The) 11,000 277,355
Tokyo Gas Co., Ltd. 22,000 102,334
Toshiba Corp. 22,000 205,243
Toyota Motor Corp. 17,600 1,037,499
Yahoo Japan Corp. 24 9,077
----------
Total Japan 9,596,310
-----------------------------------------------------------------------------
Netherlands - 5.1%
ABN AMRO Holding N.V. 50,915 2,675,502
AEGON N.V. 22,707 433,692
Akzo Nobel N.V. 3,327 273,480
European Aeronautic Defence & Space Co. EADS
N.V. 11,171 342,520
Heineken N.V. 1,071 70,094
ING Groep N.V. 34,424 1,524,003
Koninklijke Philips Electronics N.V. 9,896 445,429
Royal KPN N.V. 44,680 773,302
STMicroelectronics N.V. 5,533 92,773
TNT N.V. 4,291 179,412
Unilever N.V. 10,712 329,208
Unilever N.V. CVA 24,854 765,243
----------
Total Netherlands 7,904,658
-----------------------------------------------------------------------------
Norway - 1.0%
DnB NOR ASA 24,257 369,967
Norsk Hydro ASA 13,226 571,994
Statoil ASA 17,492 592,771
----------
Total Norway 1,534,732
-----------------------------------------------------------------------------
Portugal - 0.2%
Portugal Telecom, SGPS, S.A. 23,716 331,543
-----------------------------------------------------------------------------
Singapore - 1.1%
DBS Group Holdings Ltd. 24,000 349,220
Oversea-Chinese Banking Corp. Ltd. 85,000 509,616
See Notes to Financial Statements.
66 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International LargeCap Dividend Fund
September 30, 2007
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
Singapore Telecommunications Ltd. 198,500 $ 537,553
United Overseas Bank Ltd. 23,000 342,416
-----------
Total Singapore 1,738,805
----------------------------------------------------------------------------------
Spain - 7.1%
Abertis Infraestructuras S.A. 5,953 185,661
ACS, Actividades Construccion y Servicios, S.A. 2,038 112,166
Altadis, S.A. 2,845 199,630
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 52,379 1,224,628
Banco Popular Espanol, S.A.(a) 15,984 273,916
Banco Santander Central Hispano, S.A. 143,964 2,790,582
Cia Espanola De Petroleos, S.A.(a) 2,559 256,933
Endesa S.A. 16,954 966,615
Gas Natural SDG, S.A. 5,975 336,495
Grupo Ferrovial S.A. 832 70,225
IBERDROLA, S.A. 13,330 781,039
Inditex S.A. 2,432 163,457
Repsol YPF, S.A. 13,579 483,750
Sacyr Vallehermoso, S.A.(a) 1,825 63,692
Telefonica, S.A. 99,239 2,770,435
Union Fenosa, S.A. 2,713 160,081
-----------
Total Spain 10,839,305
----------------------------------------------------------------------------------
Sweden - 2.7%
AB Volvo Class B 27,150 471,103
Atlas Copco AB Class A 26,020 448,479
H&M Hennes & Mauritz AB Class B 11,021 695,941
Nordea Bank AB 44,110 765,731
Sandvik AB 9,000 192,339
Skandinaviska Enskilda Banken AB 1,521 49,258
Svenska Handelsbanken AB Class A 8,821 272,714
Swedbank AB Class A 8,821 293,849
Telefonaktiebolaget LM Ericsson Class B 116,262 463,679
TeliaSonera AB 55,131 496,422
-----------
Total Sweden 4,149,515
----------------------------------------------------------------------------------
Switzerland - 4.3%
Credit Suisse Group 14,574 964,364
Holcim Ltd. 92 10,128
Nestle S.A. 4,216 1,887,493
Novartis AG 23,082 1,269,490
Roche Holding AG 4,006 723,906
Swiss Reinsurance Co. 4,137 367,238
Swisscom AG 542 205,419
UBS AG 20,802 1,114,711
Zurich Financial Services AG 110 32,886
-----------
Total Switzerland 6,575,635
----------------------------------------------------------------------------------
United Kingdom - 24.7%
Anglo American PLC 14,803 991,925
AstraZeneca PLC 18,452 920,656
Aviva PLC 40,446 606,483
BAE SYSTEMS PLC 38,259 384,668
Barclays PLC 129,119 1,566,525
BHP Billiton PLC 18,927 674,816
BP PLC 286,019 3,306,938
British American Tobacco PLC 33,984 1,213,037
British Sky Broadcasting PLC 16,790 237,739
BT Group PLC 185,283 1,158,882
Cadbury Schweppes PLC 23,988 277,104
Centrica PLC 57,857 448,514
Diageo PLC 45,058 985,920
GlaxoSmithKline PLC 84,450 2,231,543
HBOS PLC 70,342 1,310,581
HSBC Holdings PLC 217,427 4,006,704
Imperial Tobacco Group PLC 8,038 366,991
Legal & General Group PLC 158,555 431,571
Lloyds TSB Group PLC 176,061 1,945,935
Marks & Spencer Group PLC 16,520 207,159
National Grid PLC 55,583 887,817
Old Mutual PLC 79,582 259,904
Prudential PLC 29,547 452,385
Reed Elsevier PLC 16,388 206,338
Rio Tinto PLC 7,898 680,327
Royal Bank of Scotland Group (The) PLC 156,391 1,672,771
Royal Dutch Shell PLC Class A 61,861 2,542,074
Royal Dutch Shell PLC Class B 41,133 1,686,102
SABMiller PLC 13,885 393,777
Scottish & Southern Energy PLC 10,599 326,283
Shire PLC 1,008 24,664
Standard Chartered PLC 15,654 510,283
Tesco PLC 88,215 789,441
Unilever PLC 22,223 699,514
Vodafone Group PLC 887,276 3,190,573
Wolseley PLC 3,088 51,998
WPP Group PLC 6,480 87,397
Xstrata PLC 2,515 166,220
-----------
Total United Kingdom 37,901,559
----------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $136,272,542) 152,371,391
==================================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 67
Schedule of Investments (unaudited) (concluded)
WisdomTree International LargeCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
RIGHTS* - 0.0%
Italy - 0.0%
Capitalia SpA, expiring on 10/03/07
(Cost: $0) 33,984 $ -
=================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $136,272,542) 152,371,391
=================================================================================
SHORT-TERM INVESTMENT - 0.5%
MONEY MARKET FUND(b) - 0.5%
United States - 0.5%
Columbia Cash Reserves Fund, 4.99%
(Cost: $687,692) 687,692 687,692
=================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.0%
MONEY MARKET FUNDS(c) - 1.0%
AIM Liquid Assets Portfolio, 5.11% 9 9
UBS Enhanced Yield Portfolio, 5.38% 924,605 924,605
UBS Private Money Market Fund LLC, 5.21% 642,226 642,226
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $1,566,840)(d) 1,566,840
=================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.6%
(Cost: $138,527,074)(e) 154,625,923
Liabilities in Excess of Foreign Currency and Other
Assets - (0.6)% (877,736)
------------
NET ASSETS - 100.0% $153,748,187
=================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,491,571 and the total market value of the collateral held by
the Fund was $1,566,840.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
68 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree International Dividend Top 100 Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Australia - 17.8%
AMP Ltd. 689,521 $6,431,422
Australia & New Zealand Banking Group Ltd. 252,242 6,629,682
Commonwealth Bank of Australia 151,000 7,535,254
Macquarie Bank Ltd.(a) 64,451 4,813,832
National Australia Bank Ltd. 144,098 5,063,802
QBE Insurance Group Ltd. 172,477 5,159,015
St.George Bank Ltd.(a) 235,951 7,389,605
Suncorp-Metway Ltd. 404,132 7,260,026
Telstra Corp. Ltd. 2,244,240 8,659,138
Westpac Banking Corp. 285,396 7,197,996
Woodside Petroleum Ltd. 126,653 5,626,497
Woolworths Ltd. 211,873 5,570,537
----------
Total Australia 77,336,806
------------------------------------------------------------------------------
Belgium - 3.3%
Belgacom S.A. 134,421 6,220,566
Dexia N.V. 143,812 4,344,050
Fortis N.V. 128,054 3,760,611
----------
Total Belgium 14,325,227
------------------------------------------------------------------------------
Denmark - 0.9%
Danske Bank A/S 101,189 4,097,678
------------------------------------------------------------------------------
Finland - 2.2%
Fortum Oyj 110,412 4,041,756
Sampo Oyj Class A 185,810 5,657,584
----------
Total Finland 9,699,340
------------------------------------------------------------------------------
France - 12.6%
AXA S.A. 99,710 4,449,763
BNP Paribas 45,848 5,003,656
Credit Agricole S.A. 152,919 5,882,663
Gaz de France(a) 84,854 4,397,399
L'Air Liquide S.A. 21,807 2,910,863
Natixis 191,034 4,224,607
Peugeot S.A. 58,758 4,836,607
Schneider Electric S.A. 36,324 4,576,912
Societe Generale 20,000 3,347,171
Suez S.A. 69,257 4,067,794
TOTAL S.A. 58,156 4,715,926
Vivendi S.A. 153,337 6,454,816
----------
Total France 54,868,177
------------------------------------------------------------------------------
Germany - 5.8%
BASF AG 32,873 4,534,780
Bayer Schering Pharma AG 28,980 4,333,641
Deutsche Telekom AG 326,141 6,391,457
Muenchener Rueckversicherungs-Gesellshaft AG 24,588 4,712,612
RWE AG 41,947 5,261,562
----------
Total Germany 25,234,052
------------------------------------------------------------------------------
Hong Kong - 5.1%
BOC Hong Kong (Holdings) Ltd. 2,586,132 6,557,999
China Netcom Group Corp. (Hong Kong) Ltd. 175 469
CLP Holdings Ltd. 691,553 4,789,191
CNOOC Ltd. 3,255,000 5,472,032
Hang Seng Bank Ltd. 301,116 5,352,812
----------
Total Hong Kong 22,172,503
------------------------------------------------------------------------------
Ireland - 1.1%
Allied Irish Banks PLC 194,047 4,691,385
Bank of Ireland 553 10,263
----------
Total Ireland 4,701,648
------------------------------------------------------------------------------
Italy - 8.8%
Banca Intesa SpA 1,165,753 8,977,392
Banca Monte dei Paschi di Siena SpA(a) 705,270 4,315,405
Enel SpA 661,167 7,465,810
Eni SpA 155,234 5,737,706
Mediobanca SpA(a) 203,076 4,430,260
Telecom Italia SpA 2,372,957 7,196,546
----------
Total Italy 38,123,119
------------------------------------------------------------------------------
Netherlands - 4.1%
ABN AMRO Holding N.V. 77,821 4,089,371
AEGON N.V. 205,465 3,924,272
ING Groep N.V. 119,582 5,294,076
Royal KPN N.V. 266,293 4,608,882
----------
Total Netherlands 17,916,601
------------------------------------------------------------------------------
Norway - 1.4%
DnB NOR ASA 408,016 6,223,048
------------------------------------------------------------------------------
Portugal - 1.2%
Portugal Telecom, SGPS, S.A. 376,368 5,261,523
------------------------------------------------------------------------------
Singapore - 1.9%
DBS Group Holdings Ltd. 226,000 3,288,491
Singapore Telecommunications Ltd. 1,824,500 4,940,880
----------
Total Singapore 8,229,371
------------------------------------------------------------------------------
Spain - 3.8%
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 147,850 3,456,753
Banco Santander Central Hispano, S.A. 195,681 3,793,060
Endesa S.A. 70,205 4,002,666
Telefonica, S.A. 182,707 5,100,593
----------
Total Spain 16,353,072
------------------------------------------------------------------------------
Sweden - 4.8%
AB Volvo Class B 193,215 3,352,638
H&M Hennes & Mauritz AB Class B 13 821
Nordea Bank AB 278,411 4,833,098
Sandvik AB 2,358 50,393
Svenska Handelsbanken AB Class A 152,384 4,711,171
Swedbank AB Class A 118,500 3,947,527
TeliaSonera AB 438,000 3,943,933
----------
Total Sweden 20,839,581
------------------------------------------------------------------------------
Switzerland - 2.1%
Swisscom AG 11,908 4,513,154
Zurich Financial Services AG 15,582 4,658,460
----------
Total Switzerland 9,171,614
------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 69
Schedule of Investments (unaudited) (concluded)
WisdomTree International Dividend Top 100 Fund
September 30, 2007
--------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------------
United Kingdom - 22.2%
AstraZeneca PLC 89,681 $ 4,474,604
Aviva PLC 254,552 3,816,978
Barclays PLC 313,234 3,800,284
BP PLC 302,653 3,499,260
British American Tobacco PLC 120,694 4,308,094
BT Group PLC 905,987 5,666,641
Centrica PLC 508,256 3,940,057
Compass Group PLC 473,335 2,912,332
Diageo PLC 161,770 3,539,710
GlaxoSmithKline PLC 140,776 3,719,923
HBOS PLC 206,264 3,843,019
HSBC Holdings PLC 259,619 4,784,212
Imperial Tobacco Group PLC 97,179 4,436,900
Legal & General Group PLC 1,427,455 3,885,387
Lloyds TSB Group PLC 715,945 7,913,066
National Grid PLC 189,401 3,025,267
Old Mutual PLC 1,465,618 4,786,518
Royal Bank of Scotland Group (The) PLC 459,125 4,910,838
Royal Dutch Shell PLC Class A 118,205 4,857,436
Scottish & Southern Energy PLC 164,641 5,068,364
Unilever PLC 149,537 4,706,981
Vodafone Group PLC 1,303,172 4,686,103
------------
Total United Kingdom 96,581,974
--------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $402,116,759) 431,135,334
======================================================================================
SHORT-TERM INVESTMENT - 0.4%
MONEY MARKET FUND - 0.4%
United States - 0.4%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $1,711,075) 1,711,075 1,711,075
======================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 5.0%
MONEY MARKET FUNDS(c) - 5.0%
AIM Liquid Assets Portfolio, 5.11% 40 40
AIM Prime Portfolio, 5.08% 354 354
UBS Enhanced Yield Portfolio, 5.38% 18,427,996 18,427,996
UBS Private Money Market Fund LLC, 5.21% 3,493,705 3,493,705
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $21,922,095)(d) 21,922,095
======================================================================================
TOTAL INVESTMENTS IN SECURITIES - 104.5%
(Cost: $425,749,929)(e) 454,768,504
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (4.5)% (19,534,875)
------------
NET ASSETS - 100.0% $435,233,629
======================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $20,852,740 and the total market value of the collateral held by
the Fund was $21,922,095.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
70 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree International MidCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 14.2%
Alumina Ltd. 127,400 $ 804,983
Amcor Ltd.(a) 132,685 866,557
Aristocrat Leisure Ltd.(a) 56,392 693,667
Australian Stock Exchange Ltd.(a) 26,638 1,267,065
AXA Asia Pacific Holdings Ltd. 127,095 877,287
Billabong International Ltd.(a) 23,232 307,976
BlueScope Steel Ltd. 247,250 2,352,142
Boral Ltd.(a) 133,495 849,401
Caltex Australia Ltd.(a) 42,694 889,390
Coca-Cola Amatil Ltd.(a) 134,419 1,070,587
Computershare Ltd.(a) 91,167 749,501
CSL Ltd. 14,001 1,329,467
Foster's Group Ltd. 335,764 1,940,288
Goodman Fielder Ltd. 56,403 128,778
Harvey Norman Holdings Ltd.(a) 190,105 1,002,671
Incitec Pivot Ltd. 489 37,017
Insurance Australia Group Ltd.(a) 409,815 1,903,997
John FairFax Holdings Ltd.(a) 197,195 823,677
Leighton Holdings Ltd.(a) 44,186 2,013,774
Lend Lease Corp. Ltd. 78,911 1,319,831
Lion Nathan Ltd.(a) 97,334 795,033
Metcash Ltd.(a) 41,588 173,712
Newcrest Mining Ltd. 37,869 938,341
OneSteel Ltd. 19,141 116,878
Orica Ltd. 34,437 917,298
Origin Energy Ltd.(a) 109,069 994,163
Oxiana Ltd.(a) 96,876 332,634
Perpetual Ltd. 1,379 89,171
Publishing & Broadcasting Ltd.(a) 116,927 2,038,450
Qantas Airways Ltd. 370,268 1,828,393
Santos Ltd. 78,293 1,042,745
Sims Group Ltd. 10,996 314,114
Sonic Healthcare Ltd. 25,356 350,045
TABCORP Holdings Ltd.(a) 113,527 1,522,056
Tattersall's Ltd. 91,663 322,035
Toll Holdings Ltd. 40,033 464,451
Wesfarmers Ltd.(a) 97,877 3,637,883
WorleyParsons Ltd. 1,466 55,020
Zinifex Ltd. 177,730 2,787,040
----------
Total Australia 39,947,518
------------------------------------------------------------------------------------
Austria - 0.7%
Andritz AG 97 6,684
BOEHLER-UDDEHOLM AG 3,730 389,571
Verbund - Oesterreichische Elektrizitatswirtschafts
AG Class A 5,026 288,911
voestalpine AG 6,417 553,032
Wiener Staedtische AG 3,299 229,892
Wienerberger AG 6,652 414,922
----------
Total Austria 1,883,012
------------------------------------------------------------------------------------
Belgium - 2.3%
AGFA-Gevaert N.V. 5,433 104,308
Bekaert S.A. 1,404 187,710
Compagnie Maritime Belge S.A. 4,513 333,744
Compagnie Nationale A Portefeuille S.A. 8,834 614,595
Delhaize Group 12,320 1,177,403
Groep Colruyt S.A. 2,057 433,392
KBC Ancora 6,986 780,306
Mobistar S.A. 8,897 776,253
Solvay S.A. 7,709 1,115,740
UCB S.A. 10,297 605,963
Umicore 1,170 278,872
----------
Total Belgium 6,408,286
------------------------------------------------------------------------------------
Denmark - 1.4%
Carlsberg A/S Class B 1,850 252,015
Coloplast A/S Class B 1,700 161,199
D/S Norden 1,750 186,307
Danisco A/S 4,250 329,615
H. Lundbeck A/S 11,500 311,561
Novozymes A/S Class B 1,850 231,896
Sydbank A/S 3,650 158,428
TrygVesta A/S 17,350 1,386,980
Wacker Chemie AG 4,138 965,881
----------
Total Denmark 3,983,882
------------------------------------------------------------------------------------
Finland - 3.9%
Elisa Oyj 16,382 507,889
Kemira Oyj 5,003 116,544
Kone Oyj Class B 4,487 326,398
Metso Oyj 17,624 1,210,589
Neste Oil Oyj 36,773 1,342,456
Nokian Renkaat Oyj 4,678 182,686
OKO Bank PLC Class A 29,127 600,633
Ramirent Oyj 5,993 129,463
Rautaruukki Oyj 31,070 1,877,471
Sanoma-WSOY Oyj 20,666 640,999
Stora Enso Oyj Class R 76,819 1,492,329
UPM-Kymmene Oyj 53,580 1,292,331
Uponor Oyj 9,625 297,992
Wartsila Oyj Class B 7,688 525,354
YIT Oyj 10,624 314,870
----------
Total Finland 10,858,004
------------------------------------------------------------------------------------
France - 8.6%
Capgemini S.A. 6,839 420,361
Casino Guichard Perrachon S.A. 16,505 1,726,173
Cie Generale d'Optique Essilor International S.A. 9,200 575,686
Ciments Francais 2,287 400,963
Clarins 5,387 412,704
EIFFAGE 5,882 664,857
Etablissements Maurel et Prom(a) 12,041 256,519
Euler Hermes S.A. 3,457 459,533
Fonciere Des Regions 4,044 590,990
Iliad S.A. 374 34,567
See Notes to Financial Statements.
WisdomTree International Dividend Funds 71
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
Imerys S.A. 6,087 $ 554,110
Ipsen 10,586 608,970
Klepierre 24,153 1,381,867
Lagardere SCA 7,459 633,180
Legrand S.A. 22,886 767,140
M6, Metropole Television 38,903 1,125,882
Neopost S.A. 4,271 600,840
Nexity 2,613 160,646
PagesJaunes S.A. 89,571 1,835,595
Publicis Groupe S.A. 20,393 836,415
Rallye S.A. 1,242 88,315
Remy Cointreau S.A. 6,205 448,281
Safran S.A. 2,163 52,079
SCOR SE 5,819 155,496
Societe BIC S.A. 9,357 800,020
Societe Des Autoroutes Paris-Rhin-Rhone 22,141 2,320,652
Societe Immobiliere de Location pour l'Industrie et
le Commerce 1,525 255,634
Societe Television Francaise 1 27,583 739,432
Sodexho Alliance S.A. 19,641 1,354,723
Technip S.A. 8,564 763,641
Thales S.A. 16,283 951,978
Thomson 39,853 605,310
Valeo S.A. 13,150 729,723
Wendel Investissement 3,182 539,866
Zodiac S.A. 6,187 442,054
----------
Total France 24,294,202
------------------------------------------------------------------------------------
Germany - 3.6%
ALTANA AG 39,403 947,025
AMB Generali Holding AG 2,987 465,874
Celesio AG 8,483 533,957
Deutsche Lufthansa AG 61,116 1,753,097
Fraport AG Frankfurt Airport Services Worldwide 5,570 384,107
Fresenius AG 3,406 256,336
Hannover Rueckversicheru AG 17,638 892,484
Heidelberger Druckmaschinen AG 4,311 188,096
Henkel KGaA 11,194 528,688
Hochtief AG 3,574 432,391
Hypo Real Estate Holding AG 18,644 1,057,400
K+S AG 3,182 581,770
Merck KGaA 1,940 233,409
Rheinmetall AG 2,716 215,183
Salzgitter AG 2,326 455,633
Stada Arzneimittel AG 4,006 260,530
Sudzucker AG 35,909 719,548
United Internet AG 13,502 303,197
----------
Total Germany 10,208,725
------------------------------------------------------------------------------------
Hong Kong - 7.0%
Bank of East Asia Ltd. 203,367 1,141,357
Cathay Pacific Airways Ltd. 508,000 1,389,559
China Merchants Holdings (International) Co., Ltd. 152,321 948,005
China Overseas Land & Investment Ltd. 224,636 512,965
China Resources Enterprise, Ltd. 146,162 620,873
China Resources Power Holdings Co. Ltd. 74,321 231,038
CITIC Pacific Ltd. 416,562 2,659,596
Denway Motors Ltd. 253,129 146,951
Guangdong Investment Ltd. 180,808 124,051
Henderson Investment Ltd. 78,348 130,098
Hong Kong & China Gas Co., Ltd. (The)(a) 250,000 582,469
Hong Kong Exchanges and Clearing Ltd. 138,662 4,240,904
Hongkong Electric Holdings Ltd. 390,020 2,028,256
Hopewell Holdings Ltd.(a) 122,162 583,397
Link REIT (The) 6,799 14,966
MTR Corp. 120,000 357,591
New World Development Ltd. 234,542 649,103
PCCW Ltd. 626,202 414,316
Sino Land Co. Ltd. 533,820 1,328,941
Television Broadcasts Ltd. 39,084 234,947
Wharf (Holdings) Ltd. 192,218 945,174
Wing Hang Bank Ltd. 35,037 403,198
----------
Total Hong Kong 19,687,755
------------------------------------------------------------------------------------
Ireland - 0.5%
IAWS Group PLC 3,104 68,643
Independent News & Media PLC 97,769 370,547
Irish Life & Permanent PLC 37,681 834,901
Kerry Group PLC Class A 4,116 121,754
Kingspan Group PLC 3,843 84,002
----------
Total Ireland 1,479,847
------------------------------------------------------------------------------------
Italy - 7.3%
ACEA SpA 24,946 490,291
AEM SpA 154,603 577,155
Alleanza Assicurazioni SpA 145,081 1,926,062
ASM 80,987 499,286
Autogrill SpA 22,081 424,248
Banca Carige SpA(a) 131,595 627,881
Banca CR Firenze SpA 72,716 682,526
Banca Italease SpA(a) 12,638 235,448
Banca Popolare di Milano S.c.r.l. 28,071 413,583
Banca Popolare di Sondrio S.c.r.l. 24,820 423,573
Banco Popolare S.c.r.l. 33,277 743,474
Benetton Group SpA 37,141 628,559
Bulgari SpA 31,337 492,007
CIR-Compagnie Industriali Riunite SpA 119,404 464,856
Credito Emiliano SpA 178 2,435
ERG SpA 8,966 195,855
Finmeccanica SpA 18,151 527,368
Fondiaria-Sai SpA 11,809 553,032
Geox SpA 30,903 662,307
Hera SpA 104,463 430,087
Ifil Investments SpA 61,140 657,344
Indesit Co. SpA 3,038 52,235
Italcementi SpA 14,722 325,359
Mediaset SpA 179,987 1,853,211
Mediolanum SpA(a) 50,401 355,522
Milano Assicurazioni SpA 81,424 679,729
RCS MediaGroup SpA(a) 71,911 411,885
See Notes to Financial Statements.
72 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Snam Rete Gas SpA 399,544 $2,478,823
Societa Cattolica di Assicurazioni S.c.r.l.(a) 12,002 753,580
Terna SpA 316,017 1,165,130
Unipol SpA 188,222 638,416
----------
Total Italy 20,371,267
--------------------------------------------------------------------------------
Japan - 15.1%
Advantest Corp. 1,500 46,690
Aioi Insurance Co., Ltd. 52,000 302,013
Aisin Seiki Co., Ltd. 19,500 778,203
Ajinomoto Co., Inc. 39,000 488,284
All Nippon Airways Co., Ltd. 156,000 607,642
Asahi Breweries Ltd. 42,900 652,741
Asahi Kasei Corp. 117,000 944,016
Bank of Yokohama Ltd. (The) 42,000 289,580
Casio Computer Co., Ltd. 2,300 32,916
Chiba Bank Ltd. (The) 77,000 594,496
Chugai Pharmaceutical Co., Ltd. 4,400 72,571
Chugoku Electric Power Co., Inc. (The)(a) 31,200 633,413
Cosmo Oil Co., Ltd. 76,000 362,109
CSK Holdings Corp. 2,300 89,788
Dai Nippon Printing Co., Ltd. 15,000 214,146
Daido Steel Co., Ltd. 30,000 255,358
Daikin Industries Ltd. 19,500 937,573
Daito Trust Construction Co., Ltd. 1,000 48,168
Daiwa House Industry Co., Ltd. 39,000 508,290
Electric Power Development Co. 15,600 606,286
Fast Retailing Co., Ltd. 15,200 876,199
Fuji Electric Holdings Co., Ltd. 6,000 26,710
Fuji Heavy Industries Ltd. 93,000 408,338
Gunma Bank Ltd. (The) 20,000 133,200
Hankyu Hanshin Holdings, Inc. 114,000 581,820
Hino Motors Ltd. 89,000 679,407
Hitachi Chemical Co., Ltd. 4,200 86,728
Hokkaido Electric Power Co., Inc. 25,400 548,789
Hokuriku Electric Power Co. 28,900 564,105
IBIDEN Co., Ltd. 11,700 983,689
Iyo Bank Ltd. (The) 9,000 87,171
JGC Corp. 1,000 19,258
JS Group Corp. 31,200 541,995
Kajima Corp. 8,000 27,475
Kaneka Corp. 60,000 503,934
Keio Corp. 19,000 118,280
Kobe Steel Ltd. 347,000 1,294,292
Kubota Corp. 37,000 304,326
Kyushu Electric Power Co., Inc. 11,100 293,388
Lawson, Inc. 7,700 243,020
Marubeni Corp. 117,000 1,072,191
Marui Co., Ltd. 17,300 190,726
Matsushita Electric Works Ltd. 39,000 469,634
Mitsubishi Gas Chemical Co., Inc. 12,000 111,116
Mitsubishi Rayon Co., Ltd. 14,000 99,083
Mitsubishi UFJ Financial Group, Inc. 39,780 347,943
Mitsui Mining & Smelting Co., Ltd. 30,000 129,114
Mizuho Investors Securities Co., Ltd.(a) 40,000 69,556
NEC Corp. 28,000 135,843
NGK Spark Plug Co., Ltd. 3,000 46,559
Nikko Cordial Corp. 62,500 784,137
Nikon Corp. 36,000 1,236,360
Nippon Electric Glass Co., Ltd. 45,500 731,861
Nippon Mining Holdings, Inc. 78,000 782,611
Nippon Oil Corp. 78,000 723,610
Nippon Sheet Glass Co., Ltd. 33,000 201,417
Nippon Television Network Corp. 190 24,432
Nippon Yusen K.K.(a) 78,000 760,909
Nishi-Nippon City Bank Ltd. (The) 48,000 134,800
Nisshin Seifun Group, Inc. 2,500 23,497
Nitto Denko Corp. 3,200 148,572
NOK Corp. 23,400 500,491
Obayashi Corp. 23,000 106,386
OJI Paper Co., Ltd.(a) 117,000 565,596
Olympus Corp. 27,000 1,108,029
Oracle Corp. Japan(a) 23,900 1,090,945
Osaka Gas Co., Ltd. 195,000 683,259
Sankyo Co., Ltd. 9,600 388,123
SBI Holdings, Inc. 1,030 270,004
Sega Sammy Holdings, Inc.(a) 40,700 541,416
Sekisui Chemical Co., Ltd. 1,000 7,329
Sekisui House, Ltd. 39,000 490,319
Shikoku Electric Power Co., Inc. 2,800 70,234
Shinko Securities Co., Ltd. 25,000 115,637
Shinsei Bank Ltd. 42,000 132,191
Shiseido Co., Ltd. 39,000 864,670
Shizuoka Bank Ltd. (The) 39,000 378,420
Sompo Japan Insurance, Inc. 1,000 11,459
SUMCO Corp. 11,200 455,732
Sumitomo Chemical Co., Ltd. 18,000 154,154
Sumitomo Metal Mining Co., Ltd. 50,000 1,212,885
Sumitomo Titanium Corp. 800 69,626
Taisei Corp. 15,000 43,429
Taisho Pharmaceutical Co., Ltd. 37,000 727,036
TDK Corp. 3,000 262,922
Teijin Ltd. 12,000 58,532
Terumo Corp. 9,900 499,239
TOHO Gas Co., Ltd. 8,000 39,438
Tohoku Electric Power Co., Inc. 29,700 633,948
Tokuyama Corp. 9,000 136,391
Tokyu Corp. 117,000 762,944
TonenGeneral Sekiyu K.K. 76,000 763,205
Toppan Printing Co., Ltd. 36,000 370,282
Toray Industries, Inc. 45,000 356,823
Toyo Seikan Kaisha Ltd. 22,500 423,532
Toyota Tsusho Corp. 27,300 723,949
Trend Micro, Inc. 3,000 129,635
Yamada Denki Co., Ltd. 7,800 771,082
Yamaguchi Financial Group, Inc. 17,000 177,368
Yamaha Motor Co., Ltd. 23,400 596,114
See Notes to Financial Statements.
WisdomTree International Dividend Funds 73
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
Yamato Holdings Co., Ltd. 39,000 $ 584,246
----------
Total Japan 42,287,398
-------------------------------------------------------------------------------
Netherlands - 1.8%
Boskalis Westminster - CVA 5,185 260,739
Fugro N.V. 3,574 289,362
Heineken Holding N.V. 12,702 726,179
Koninklijke BAM Groep N.V. 23,956 636,750
Koninklijke DSM N.V. 3,517 189,314
Koninklijke Vopak N.V. 3,921 223,050
Randstad Holding N.V. 11,061 596,339
SBM Offshore N.V. 15,627 612,714
SNS Reaal 16,380 370,154
USG People N.V. 3,586 101,946
Vedior N.V. 11,167 245,046
Wolters Kluwer N.V. 28,181 834,415
----------
Total Netherlands 5,086,008
-------------------------------------------------------------------------------
New Zealand - 1.4%
Contact Energy Ltd. 66,910 464,620
Fletcher Building Ltd. 82,403 790,126
Telecom Corp. of New Zealand Ltd.(a) 755,968 2,553,306
----------
Total New Zealand 3,808,052
-------------------------------------------------------------------------------
Norway - 0.9%
Aker ASA Class A 13,745 965,807
Storebrand ASA 46,389 716,935
Tandberg ASA 2,300 55,037
Yara International ASA 26,647 837,902
----------
Total Norway 2,575,681
-------------------------------------------------------------------------------
Portugal - 1.2%
Banco BPI, S.A. 43,773 367,285
Banco Espirito Santo, S.A. 51,171 1,157,088
Brisa-Auto-estradas de Portugal S.A.(a) 54,636 714,845
PT Multimedia - Servicos de Telecomunicacoes e
Multimedia, SGPS, S.A.(a) 64,051 950,981
Sonae SGPS, S.A. 108,718 281,396
----------
Total Portugal 3,471,595
-------------------------------------------------------------------------------
Singapore - 2.0%
City Developments Ltd. 34,802 379,799
ComfortDelgro Corp., Ltd. 33,000 43,127
Fraser and Neave Ltd. 116,402 446,961
Jardine Cycle & Carriage Ltd. 1,904 23,729
Keppel Corp. Ltd. 78,000 756,644
Neptune Orient Lines Ltd. 6,000 21,422
SembCorp Industries Ltd. 115,000 499,680
SembCorp Marine Ltd. 163,800 507,582
SIA Engineering Co., Ltd. 47,000 155,142
Singapore Exchange Ltd. 150,000 1,303,513
Singapore Press Holdings Ltd. 192,000 558,752
Singapore Technologies Engineering Ltd. 117,000 307,387
StarHub Ltd. 216,810 452,768
Venture Corp., Ltd. 7,000 77,807
----------
Total Singapore 5,534,313
-------------------------------------------------------------------------------
Spain - 4.4%
Abengoa SA 456 18,035
Acerinox S.A.(a) 14,314 429,525
Banco de Valencia S.A.(a) 4,926 283,583
Banco Pastor S.A.(a) 10,597 175,119
Bankinter, S.A.(a) 24,955 358,801
Bolsas y Mercados Espanoles 11,831 732,580
Cementos Portland Valderrivas, S.A. 497 53,929
Cintra, Concesiones de Infraestructuras de
Transporte, S.A.(a) 15,153 230,152
Ebro Puleva S.A.(a) 32,546 665,582
Enagas 27,720 716,692
Fomento de Construcciones y Contratas S.A. 17,520 1,413,986
Gamesa Corp Tecnologica S.A. 9,853 401,456
Gestevision Telecinco, S.A.(a) 75,601 1,979,368
Grupo Catalana Occidente S.A. 292 10,390
Iberia Lineas Aereas de Espana 67,025 325,993
Indra Sistemas S.A. 25,723 693,960
Mapfre S.A. 173,714 783,140
Metrovacesa S.A. 9,994 1,133,484
Promotora de Informaciones S.A.(a) 12,011 236,578
Red Electrica de Espana 8,917 460,965
Sociedad General de Aguas de Barcelona S.A.
Class A 7,821 296,418
Vocento S.A. 14,765 334,919
Zardoya-Otis S.A. 21,884 677,533
----------
Total Spain 12,412,188
-------------------------------------------------------------------------------
Sweden - 3.7%
Alfa Laval AB 7,816 500,805
Assa Abloy AB Class B 37,647 778,366
Atlas Copco AB Class B 14,462 230,263
Boliden AB 23,750 503,890
Electrolux AB Series B 31,264 659,685
Fabege AB 30,580 362,807
Hexagon AB Class B 18,948 382,970
Holmen AB Class B 19,216 733,702
Investment AB Kinnevik Class B 15,631 327,405
JM AB 1,600 38,460
OMX AB 2,400 103,694
Scania AB Class A 15,484 394,936
Scania AB Class B 29,584 717,986
Securitas AB Class B 61,847 812,638
SKF AB Class B 39,084 820,160
Skanska AB Class B 46,895 926,077
SSAB Svenskt Stal AB Series A 15,116 557,295
Svenska Cellulosa Aktiebolaget SCA Class B 59,111 1,098,785
Swedish Match AB 15,631 323,781
Tele2 AB Class B 10,747 231,335
----------
Total Sweden 10,505,040
-------------------------------------------------------------------------------
See Notes to Financial Statements.
74 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------
Switzerland - 1.8%
Baloise Holding AG 4,357 $ 439,355
Ciba Specialty Chemicals Holding Inc. 16,575 842,087
Givaudan S.A. 468 431,063
Kuehne + Nagel International AG 5,793 568,291
Lonza Group AG 2,209 240,150
Nobel Biocare Holding AG 819 221,015
Panalpina Welttransport (Holding) AG 1,131 187,822
Phonak Holding AG 1,614 161,372
Schindler Holding AG 2,833 178,487
SGS S.A. 662 753,689
Straumann Holding AG 351 98,251
Sulzer AG 81 115,794
Swatch Group AG (The) 3,143 200,574
Swatch Group AG (The) Class B 789 258,002
Vontobel Holding AG 6,204 316,785
-----------
Total Switzerland 5,012,737
------------------------------------------------------------------------
United Kingdom - 17.5%
Admiral Group PLC 29,917 548,562
Alliance & Leicester PLC 98,725 1,593,007
Amlin PLC 215,975 1,449,854
AMVESCAP PLC 123,597 1,665,725
Antofagasta PLC 90,231 1,401,719
Arriva PLC 28,923 455,205
Ashmore Group PLC 10,479 61,913
Barratt Developments PLC 22,689 345,766
Bellway PLC 4,728 99,312
Bradford & Bingley PLC 102,649 633,669
Bunzl PLC 57,365 818,692
Cable & Wireless PLC 360,786 1,352,486
Capita Group PLC 87,303 1,287,755
Carnival PLC 27,564 1,310,716
Carphone Warehouse Group PLC 16,978 120,547
Close Brothers Group PLC 44,508 737,215
Drax Group PLC 16,385 203,630
DSG International PLC 305,462 840,149
Emap PLC 15,487 277,346
Enterprise Inns PLC 104,330 1,258,335
FirstGroup PLC 4,733 66,390
Friends Provident PLC 68,699 240,738
GKN PLC 146,166 1,054,181
IMI PLC 74,723 813,706
Imperial Chemical Industries PLC 146,436 1,945,184
Inmarsat PLC 3,693 34,215
Intercontinental Hotels Group PLC 45,180 893,320
Investec PLC 12,429 129,650
ITV PLC 585,147 1,223,144
Kelda Group PLC 62,083 1,090,298
Kesa Electricals PLC 10,339 57,979
Kingfisher PLC 506,589 1,845,393
LogicaCMG PLC 228,998 705,655
Lonmin PLC 3,020 224,515
Meggitt PLC 65,432 422,919
Michael Page International PLC 22,297 187,385
National Express Group PLC 6,639 167,316
NEW Star Asset Management Group Ltd. 11,788 87,419
Next PLC 35,430 1,417,679
Northern Rock PLC 58,911 215,080
Pennon Group PLC 49,633 613,797
Persimmon PLC 69,243 1,359,935
Premier Foods PLC 37,339 169,642
Provident Financial PLC 15,004 273,281
Rentokil Initial PLC 32,521 110,582
Resolution PLC 36,556 508,308
Rexam PLC 75,961 853,496
Royal & Sun Alliance Insurance Group 99,083 311,884
Sage Group PLC (The) 61,133 310,439
Scottish & Newcastle PLC 187,285 2,333,270
Segro PLC 52,464 533,903
Severn Trent PLC 29,949 860,333
Smith & Nephew PLC 52,404 637,922
Smiths Group PLC 63,748 1,388,384
St. James's Place PLC 73,355 564,920
Tate & Lyle PLC 93,498 766,714
Tomkins PLC 203,192 940,753
Trinity Mirror PLC 68,469 574,720
Tullow Oil PLC 25,137 305,228
United Utilities PLC 248,169 3,539,248
Vedanta Resources PLC 6,927 286,488
Whitbread PLC 40,145 1,326,623
Yell Group PLC 132,827 1,160,938
-----------
Total United Kingdom 49,014,577
------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $274,990,239) 278,830,087
========================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 75
Schedule of Investments (unaudited) (concluded)
WisdomTree International MidCap Dividend Fund
September 30, 2007
-----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------------
RIGHTS - 0.0%*
Austria - 0.0%
Wienerberger AG, expiring 10/08/07
(Cost: $0) 6,652 $ -
===================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $274,990,239) 278,830,087
===================================================================================
SHORT-TERM INVESTMENT - 0.2%
MONEY MARKET FUND - 0.2%
United States - 0.2%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $502,669) 502,669 502,669
===================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 10.7%
MONEY MARKET FUNDS(c) - 10.7%
AIM Liquid Assets Portfolio, 5.11% 5 5
UBS Enhanced Yield Portfolio, 5.38% 12,288,720 12,288,720
UBS Private Money Market Fund LLC, 5.21% 17,807,800 17,807,800
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $30,096,525)(d) 30,096,525
===================================================================================
TOTAL INVESTMENTS IN SECURITIES - 110.2%
(Cost: $305,589,433)(e) $309,429,281
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (10.2)% (28,633,963)
------------
NET ASSETS - 100.0% $280,795,318
===================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d ) At September 30, 2007, the total market value of the Fund's securities
on loan was $28,305,308 and the total market value of the collateral held
by the Fund was $30,096,525.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
76 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 18.0%
A.B.C. Learning Centres Ltd.(a) 47,532 $ 276,357
ABB Grain Ltd. 201,957 1,385,095
Adelaide Bank Ltd.(a) 119,467 1,493,857
Adelaide Brighton Ltd.(a) 590,805 2,065,191
Ansell Ltd. 155,789 1,723,319
APN News & Media Ltd.(a) 403,575 1,864,291
APN/UKA European Retail Trust(a) 761,897 903,483
Austereo Group Ltd.(a) 905,287 2,002,835
Australian Agricultural Co., Ltd.(a) 636,403 1,621,973
Australian Wealth Management Ltd.(a) 493,969 1,084,102
AWB Ltd.(a) 741,708 1,614,682
Bank of Queensland Ltd.(a) 110,459 1,679,357
Bendigo Bank Ltd.(a) 170,254 2,064,129
Cabcharge Australia Ltd.(a) 163,911 1,453,432
Candle Australia Ltd. 159,488 462,936
Coates Hire Ltd.(a) 183,743 983,751
Commander Communications Ltd.(a) 441,619 232,532
Consolidated Rutile Ltd. 1,905,903 1,003,544
Corporate Express Australia Ltd.(a) 241,202 1,506,970
Crane Group Ltd.(a) 141,835 2,142,574
CSR Ltd.(a) 1,092,104 3,005,683
David Jones Ltd.(a) 608,625 2,746,876
Downer EDI Ltd. 260,235 1,441,647
Everest Babcock & Brown Ltd. 108,039 189,306
Flight Centre Ltd.(a) 116,667 2,240,406
Funtastic Ltd.(a) 930,790 1,173,777
Futuris Corp., Ltd.(a) 956,768 1,803,454
Great Southern Ltd.(a) 435,780 894,693
G.U.D Holdings Ltd.(a) 15,878 145,430
Gunns Ltd.(a) 520,816 1,285,901
GWA International Ltd.(a) 586,692 2,030,046
Healthscope Ltd.(a) 93,036 474,234
Hills Industries Ltd.(a) 319,801 1,655,597
Iluka Resources Ltd. 464 2,267
Infomedia Ltd.(a) 1,303,461 686,331
Iress Market Technology Ltd.(a) 233,030 1,608,516
JB Hi-Fi Ltd. 159,389 2,032,550
Jubilee Mines NL(a) 188,097 2,889,684
Just Group Ltd.(a) 427,638 1,967,879
MacArthur Coal Ltd.(a) 215,078 1,294,267
Mariner Financial Ltd. 520,422 292,448
MFS Ltd.(a) 359,950 1,493,943
Mincor Resources NL(a) 384,112 1,444,660
Monadelphous Group Ltd.(a) 94,572 1,213,527
Nufarm Ltd.(a) 144,119 1,710,287
Over Fifty Group Ltd. 276,619 638,912
Pacific Brands Ltd.(a) 809,183 2,219,868
PaperlinX Ltd.(a) 471,500 1,268,452
Peet & Co., Ltd. 300,809 1,011,564
Perilya Ltd. 274,501 969,250
Port Bouvard Ltd.(a) 1,042,533 1,632,984
Primary Health Care Ltd.(a) 74,858 806,872
Ramsay Health Care Ltd.(a) 149,309 1,413,802
Ridley Corp., Ltd.(a) 492,226 509,647
Salmat Ltd. 25,494 105,585
Sedgman Ltd. 558,496 1,546,975
Seek Ltd.(a) 294,538 2,374,535
Seven Network Ltd.(a) 177,335 2,055,818
Sigma Pharmaceuticals Ltd.(a) 1,127,400 1,461,620
Southern Cross Broadcasting Australia Ltd.(a) 132,884 2,015,591
Specialty Fashion Group Ltd. 119,205 169,840
Spotless Group Ltd.(a) 303,885 1,167,126
STW Communications Group Ltd.(a) 507,231 1,167,073
Sunland Group Ltd.(a) 244,286 875,533
Symbion Health Ltd. 575,191 2,122,593
Ten Network Holdings Ltd.(a) 622,979 1,499,551
Timbercorp Ltd.(a) 264,259 441,988
Transfield Services Ltd.(a) 152,499 1,786,791
United Group Ltd.(a) 152,459 2,500,041
Washington H. Soul Pattinson & Co., Ltd.(a) 234,657 1,922,930
West Australian Newspapers Holdings Ltd.(a) 236,554 3,248,933
-----------
Total Australia 100,221,693
--------------------------------------------------------------------------------
Austria - 0.4%
AT&S Austria Technologie & Systemtechnik AG 7,472 193,717
Flughafen Wien AG 11,749 1,210,388
Schoeller-Bleckmann Oilfield Equipment AG 4,969 421,880
Semperit AG Holding 9,796 429,783
-----------
Total Austria 2,255,768
--------------------------------------------------------------------------------
Belgium - 1.6%
Barco N.V. 11,214 963,418
Cofinimmo 5,313 937,382
Cumerio N.V. 14,595 591,554
Econocom Group S.A./N.V. 45,880 493,929
Euronav N.V. 87,130 2,732,256
EVS Broadcast Equipment S.A. 6,167 614,805
Exmar N.V. 13,649 417,335
Melexis N.V. 28,720 528,115
Omega Pharma S.A. 3,435 300,433
Tessenderlo Chemie N.V. 22,165 1,281,052
-----------
Total Belgium 8,860,279
--------------------------------------------------------------------------------
Denmark - 0.6%
Amagerbanken A/S 2,000 114,474
Auriga Industries A/S Class B(a) 8,002 164,884
Bang & Olufsen A/S Class B(a) 3,950 444,637
Harboes Bryggeri A/S 13,400 383,489
NKT Holding A/S 9,902 1,107,076
Rella Holding A/S 26,600 451,678
SimCorp A/S 950 213,332
Sjaelso Gruppen 3,200 113,864
Spar Nord Bank A/S 15,757 363,761
-----------
Total Denmark 3,357,195
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Funds 77
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
Finland - 2.8%
Ahlstrom Oyj 136 $ 3,845
Alma Media 629 10,520
Amer Sports Oyj(a) 33,170 766,556
Aspo Oyj(a) 62,269 594,210
Citycon Oyj 83,161 528,655
Elcoteq SE 96,570 650,977
Elektrobit Corp.(a) 254,570 687,869
Finnair Oyj 33,170 551,921
HK-Ruokatalo Oyj Class A 20,749 432,885
KCI Konecranes Oyj 24,885 998,357
Kemira GrowHow Oyj 74,873 1,278,832
Lassila & Tikanoja Oyj 16,583 533,695
M-real Oyj Class B(a) 148,336 826,947
Orion Oyj Class B 135,953 3,445,415
Poyry Oyj 41,542 1,038,608
Stockmann Oyj Abp Class B(a) 16,583 797,830
Talentum Oyj 281,847 1,410,916
Technopolis PLC 49,932 434,586
TietoEnator Oyj 37,674 843,319
----------
Total Finland 15,835,943
-------------------------------------------------------------------------------
France - 1.7%
ABC Arbitrage 20,885 183,853
April Group 7,278 447,655
Bacou-Dalloz S.A. 2,475 307,914
Canal Plus S.A. 137,788 1,530,410
Carbone Lorraine 2,585 200,172
GFI Informatique 5,130 52,237
Groupe Steria SCA 5,316 268,310
Haulotte Group 10,861 408,546
Havas S.A. 187,736 1,105,333
IMS-International Metal Service 12,098 505,832
Kaufman & Broad S.A. 6,239 383,748
Manitou BF S.A. 16,072 868,558
NRJ Group(a) 47,546 618,700
Sechilienne-Sidec 7,983 630,093
Sequana Capital S.A. 9,889 325,573
Ste Industrielle d'Aviation Latecoere S.A.(a) 42,081 1,214,863
TRIGANO S.A. 5,476 246,870
----------
Total France 9,298,667
-------------------------------------------------------------------------------
Germany - 3.8%
AWD Holding AG 47,844 1,594,208
Beate Uhse AG 98,245 423,349
Bechtle AG 13,503 584,932
Comdirect Bank AG(a) 138,400 1,720,255
DAB Bank AG 36,212 322,383
Demag Cranes AG 4,892 229,864
Deutsche Wohnen AG 30,864 1,322,503
Douglas Holding AG 17,470 1,088,457
ElringKlinger AG 6,327 715,336
Gerry Weber International AG 14,792 476,686
Grammer AG 7,365 233,049
HCI Capital AG 27,379 591,843
Hugo Boss AG 2,302 160,383
IDS Scheer AG 15,829 347,798
Indus Holding AG 12,386 457,983
Krones AG 7,950 641,281
Leoni AG 9,316 566,914
Lloyd Fonds AG 26,516 613,914
MLP AG(a) 54,491 725,347
MPC Muenchmeyer Petersen Capital AG 18,811 1,602,983
MVV Energie AG 32,792 1,375,270
Norddeutsche Affinerie AG 29,529 1,293,435
Praktiker Bau-und Heimwerkermaerkte AG 24,876 928,656
Sixt AG 6,247 311,568
Software AG 8,714 815,929
Takkt AG 19,931 337,304
Techem AG 20,375 1,360,727
Vivacon AG 4,528 117,521
----------
Total Germany 20,959,878
-------------------------------------------------------------------------------
Hong Kong - 4.3%
Beijing Enterprises Holdings Ltd.(a) 182,074 925,762
Champion REIT(a) 372,000 211,651
China Power International Development Ltd. 2,720,622 1,425,335
Chong Hing Bank Ltd.(a) 240,110 524,810
Cross-Harbour Holdings Ltd. 240,189 261,564
Dah Sing Banking Group Ltd. 852,503 1,883,075
Dah Sing Financial Holdings Ltd. 196,010 1,513,854
Fountain Set (Holdings) Ltd. 800,364 292,591
Fubon Bank Ltd. 960,432 568,694
Guangzhou Investment Co., Ltd.(a) 4,452,585 1,392,749
GZI Real Estate Investment Trust 1,886,895 755,375
Hon Kwok Land Investment Co., Ltd. 804,000 327,038
Hong Kong Aircraft Engineering Co. Ltd.(a) 127,229 2,880,754
Hongkong & Shanghai Hotels Ltd., (The) 33,142 58,787
Industrial & Commercial Bank of China Ltd. 781,364 2,182,567
Next Media Ltd. 4,444,000 1,258,494
Oriental Press Group Ltd. 4,461,017 712,049
Prosperity Real Estate Investment Trust 3,046,571 647,068
Shaw Brothers (Hong Kong) Ltd. 240,110 434,560
Singamas Container Holdings Ltd.(a) 320,142 194,509
Sun Hung Kai & Co., Ltd.(a) 1,252,189 1,789,152
Techtronic Industries Co. 135,500 154,535
Tianjin Development Holdings Ltd. 332,074 473,619
Vitasoy International Holdings Ltd. 800,364 347,194
Wing Lung Bank Ltd. 237,866 2,466,337
----------
Total Hong Kong 23,682,123
-------------------------------------------------------------------------------
Ireland - 0.8%
Abbey PLC 15,239 149,026
FBD Holdings PLC 13,803 431,858
Fyffes PLC 325,522 421,276
Glanbia PLC 116,911 701,638
Greencore Group PLC 119,027 774,429
McInerney Holdings PLC 52,458 99,394
See Notes to Financial Statements.
78 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
Paddy Power PLC 52,619 $1,854,339
United Drug PLC 51,745 239,573
----------
Total Ireland 4,671,533
------------------------------------------------------------------------------------
Italy - 4.1%
AcegasAps SpA 55,058 587,647
Amplifon SpA(a) 56,211 444,069
Anima SGRpA 27,468 113,480
Apulia Prontoprestito SpA 51,697 82,858
Arnoldo Mondadori Editore SpA(a) 206,260 1,990,261
Astaldi SpA 68,906 551,710
Autostrada Torino-Milano SpA 50,014 1,182,137
Azimut Holding SpA 41,706 640,571
Banca Intermobiliare SpA 73,468 757,498
Banca Popolare dell'Etruria e del Lazio 23,216 402,142
Banco di Desio e della Brianza SpA 52,304 591,354
Biesse SpA 4,965 144,397
Brembo SpA 41,382 546,435
Caltagirone SpA 41,758 436,488
Carraro SpA 13,230 142,712
Cembre SpA 15,465 150,876
Cementir - Cementerie del Tirreno SpA(a) 63,173 636,976
COFIDE - Compagnia Finanziaria De Benedetti SpA 316,222 539,658
Credito Artigiano SpA(a) 130,242 737,190
Cremonini SpA 334,915 1,007,373
ERGO Previdenza SpA 112,773 641,520
Fiera Milano SpA 50,753 436,679
Gewiss SpA 52,716 398,091
GranitiFiandre SpA 16,487 231,070
Gruppo Editoriale L'Espresso SpA(a) 313,780 1,532,841
I.M.A. - Industria Macchine Automatiche SpA 11,797 268,434
Marzotto SpA 34,645 196,342
Navigazione Montanari SpA 106,939 513,661
Panariagroup Industrie Ceramiche SpA 58,470 495,592
Piccolo Credito Valtellinese Scarl 52,964 751,721
Premafin Finanziaria SpA Holding Di Partecipazioni 161,930 488,212
Premuda SpA 350,506 805,531
Recordati SpA 142,298 1,341,707
Risanamento SpA(a) 150,516 1,133,428
Societa Iniziative Autostradali e Servizi SpA 79,930 1,202,654
SOGEFI SpA 63,978 548,647
----------
Total Italy 22,671,962
------------------------------------------------------------------------------------
Japan - 22.2%
ABC-Mart, Inc. 48,500 1,052,102
ADEKA Corp. 40,000 419,076
Aica Kogyo Co., Ltd. 6,500 71,039
Aichi Steel Corp.(a) 80,000 472,286
Air Water, Inc. 127,000 1,413,381
Alpen Co., Ltd. 34,100 456,880
Alpine Electronics, Inc. 32,000 470,756
AOC Holdings, Inc. 32,000 521,949
Ardepro Co., Ltd. 1,682 435,801
Arisawa Manufacturing Co., Ltd.(a) 137,700 1,211,602
Arnest One Corp.(a) 43,700 248,108
Asatsu-DK, Inc. 16,000 514,715
Awa Bank Ltd. (The) 80,000 394,383
Bank of Nagoya Ltd. (The) 84,000 563,092
Best Denki Co., Ltd.(a) 64,000 451,837
Bosch Corp. 223,000 1,081,894
Calsonic Kansei Corp. 162,000 632,422
Canon Electronics, Inc. 15,300 390,432
Cawachi Ltd. 2,900 77,912
Central Glass Co., Ltd. 80,000 402,730
Chuetsu Pulp & Paper Co., Ltd. 562,000 1,177,603
Chukyo Bank Ltd. (The) 173,000 511,412
Circle K Sunkus Co., Ltd. 24,000 372,473
Coca-Cola West Japan Co., Ltd. 24,000 563,405
COMSYS Holdings Corp. 80,000 876,407
Daifuku Co., Ltd. 87,500 998,131
Daikoku Denki Co., Ltd. 49,100 661,696
Daio Paper Corp.(a) 115,000 931,878
Daisan Bank Ltd. (The) 164,000 531,861
Daishi Bank Ltd. (The) 80,000 322,045
Disco Corp. 8,000 445,855
Ebara Corp.(a) 268,000 1,237,299
Ehime Bank Ltd. (The) 162,000 553,545
Eighteenth Bank Ltd. (The) 136,000 545,112
Exedy Corp. 16,000 498,022
Ezaki Glico Co., Ltd.(a) 80,000 898,665
FCC Co., Ltd. 16,700 300,561
Fuji Fire & Marine Insurance Co., Ltd. (The) 227,000 773,673
Futaba Industrial Co., Ltd. 24,000 617,659
Gigas K's Denki Corp. 16,000 348,476
Gun-Ei Chemical Industry Co., Ltd.(a) 192,000 469,087
Gunze Ltd. 80,000 393,688
Hankyu Department Stores, Inc. 80,000 660,088
Hanwa Co., Ltd. 73,000 369,395
Heiwa Corp. 32,000 376,160
Higo Bank Ltd. (The) 80,000 532,800
Hikari Tsushin, Inc. 21,900 599,791
Hitachi Cable Ltd. 80,000 495,240
Hitachi Koki Co., Ltd.(a) 92,000 1,583,793
Hitachi Kokusai Electric, Inc. 66,000 823,458
Hitachi Maxell Ltd. 40,000 431,248
Hitachi Software Engineering Co., Ltd. 30,800 586,463
Hitachi Transport System Ltd. 48,000 554,223
Hokkoku Bank Ltd. (The) 80,000 353,345
Hokuetsu Paper Mills Ltd. 83,000 426,492
HORIBA Ltd. 16,000 671,912
House Foods Corp. 33,600 585,732
Hyakugo Bank Ltd. (The) 80,000 461,853
Hyakujushi Bank Ltd. (The) 80,000 392,992
Iida Home Max Co., Ltd.(a) 22,600 289,439
Iino Kaiun Kaisha Ltd. 47,600 672,521
Itochu Enex Co., Ltd. 25,500 172,491
Izumiya Co., Ltd. 73,000 408,747
See Notes to Financial Statements.
WisdomTree International Dividend Funds 79
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Japan Airport Terminal Co., Ltd.(a) 39,000 $ 937,573
Joint Corp. 6,500 173,499
Kagome Co., Ltd.(a) 39,400 702,256
Kagoshima Bank Ltd. (The) 80,000 570,360
Kamei Corp. 76,000 436,778
Kandenko Co., Ltd.(a) 80,000 510,542
Kansai Paint Co., Ltd.(a) 109,000 834,926
Kanto Natural Gas Development Ltd. 75,000 470,808
Kasumi Co., Ltd. 101,000 517,228
Kato Sangyo Co., Ltd. 41,200 540,545
Katokichi Co., Ltd. 56,000 256,106
Kayaba Industry Co., Ltd. 90,000 431,944
Keihin Corp. 24,000 455,941
Keisei Electric Railway Co., Ltd.(a) 80,000 443,073
Keiyo Bank Ltd. (The) 80,000 443,768
Kintetsu World Express, Inc. 17,000 580,881
Kobayashi Pharmaceutical Co., Ltd. 16,000 567,578
Koei Co., Ltd.(a) 71,200 1,361,909
Koito Manufacturing Co., Ltd. 82,000 998,844
Kojima Co., Ltd.(a) 59,300 358,847
Kokuyo Co., Ltd.(a) 50,500 524,253
Komeri Co., Ltd. 16,000 429,857
Komori Corp. 14,000 342,651
Konaka Co., Ltd. 58,300 442,515
Kyodo Printing Co., Ltd. 145,000 445,029
Kyowa Exeo Corp. 80,000 838,152
Lion Corp.(a) 83,000 389,688
Maeda Corp. 114,000 440,082
Makino Milling Machine Co., Ltd. 80,000 843,020
Maruzen Showa Unyu Co., Ltd. 152,000 522,019
Matsui Securities Co., Ltd.(a) 151,800 1,161,449
Matsumotokiyoshi Co., Ltd. 23,200 428,640
Meiji Dairies Corp. 80,000 451,419
Meiji Seika Kaisha Ltd.(a) 80,000 402,035
Meitec Corp.(a) 16,000 468,808
Michinoku Bank Ltd. (The) 156,000 481,502
Mie Bank Ltd. (The) 102,000 501,065
Minebea Co., Ltd. 166,000 1,134,426
MISUMI Group, Inc.(a) 32,000 542,538
Mitsuuroko Co., Ltd. 81,000 573,969
Miyazaki Bank Ltd. (The) 115,000 440,942
Mochida Pharmaceutical Co., Ltd. 75,000 710,125
Morinaga Milk Industry Co., Ltd. 148,000 591,923
Musashino Bank Ltd. (The) 8,000 379,081
Nabtesco Corp. 80,000 1,303,482
Nachi-Fujikoshi Corp. 80,000 319,958
Nagase & Co., Ltd. 80,000 945,964
NEC Fielding Ltd. 25,500 294,431
Nichiha Corp. 13,000 140,834
Nichirei Corp. 80,000 366,561
Nidec Sankyo Corp. 37,000 247,707
Nifco, Inc. 22,900 547,537
Nihon Kohden Corp. 8,200 150,433
Nihon Yamamura Glass Co., Ltd. 191,000 461,662
Nippon Chemical Industrial Co., Ltd. 182,000 526,940
Nippon Kayaku Co., Ltd. 172,000 1,429,657
Nippon Light Metal Co., Ltd. 160,000 351,954
Nippon Paint Co., Ltd.(a) 80,000 413,164
Nippon Parking Development Co., Ltd. 9,031 486,825
Nippon Shinyaku Co., Ltd. 62,000 544,990
Nippon Suisan Kaisha Ltd. 96,000 506,647
Nipro Corp. 8,000 157,892
Nishimatsuya Chain Co., Ltd. 32,000 405,373
Nishi-Nippon Railroad Co., Ltd. 160,000 573,143
Nissan Shatai Co., Ltd. 147,000 903,613
Nissin Kogyo Co., Ltd. 23,500 676,303
NS Solutions Corp. 16,200 447,907
Obic Co., Ltd. 2,400 464,913
Ogaki Kyoritsu Bank Ltd. (The) 80,000 436,813
Oita Bank Ltd. (The) 79,000 443,029
Okamura Corp.(a) 74,000 580,985
Okasan Holdings, Inc.(a) 167,000 968,474
OKUMA Holdings Corp. 62,000 903,465
Okumura Corp. 80,000 406,903
OMC Card, Inc.(a) 135,000 535,235
Onward Kashiyama Co., Ltd. 77,000 777,933
OSG Corp.(a) 32,000 332,757
PanaHome Corp.(a) 80,000 506,369
Paramount Bed Co., Ltd.(a) 9,800 131,388
Paris Miki, Inc.(a) 24,000 325,523
Point, Inc.(a) 8,000 275,442
QP Corp. 56,000 511,725
Rengo Co., Ltd.(a) 170,000 1,145,503
Riken Corp. 110,000 552,797
Ryobi Ltd. 82,000 532,574
Ryoden Trading Co., Ltd. 70,000 545,929
Ryosan Co., Ltd. 26,400 659,914
Ryoyo Electro Corp. 40,300 581,996
Sagami Railway Co., Ltd. 160,000 562,014
Saibu Gas Co., Ltd.(a) 159,000 371,873
Sakata INX Corp. 91,000 479,468
Sanei-International Co., Ltd. 5,900 117,985
San-In Godo Bank Ltd. (The)(a) 80,000 632,961
Sanken Electric Co., Ltd. 19,000 93,005
Sankyo Seiko Co., Ltd.(a) 113,000 419,519
Sankyu, Inc.(a) 80,000 459,766
Sanwa Shutter Corp. 80,000 447,942
Sanyo Chemical Industries Ltd.(a) 50,000 310,829
Sanyo Shokai Ltd. 133,000 977,133
Sanyo Special Steel Co., Ltd.(a) 157,000 1,307,708
Sato Shoji Corp. 61,000 487,936
Seikagaku Corp. 46,300 533,790
Sekisui Plastics Co., Ltd. 152,000 498,231
Shiga Bank Ltd. (The) 80,000 550,189
Shimachu Co., Ltd. 16,000 422,901
Shindengen Electric Manufacturing Co., Ltd. 18,000 79,190
See Notes to Financial Statements.
80 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------
Shinkawa Ltd. 24,600 $ 450,228
Shinko Electric Industries 5,600 124,158
Shonai Bank Ltd. (The) 175,000 485,371
Showa Corp. 32,000 380,889
Sohgo Security Services Co., Ltd. 24,000 389,375
SSP Co., Ltd.(a) 160,000 742,860
Starzen Co., Ltd. 214,000 487,484
Sumida Corp. 34,200 572,404
Sumitomo Osaka Cement Co., Ltd. 160,000 393,688
Sumitomo Real Estate Sales Co., Ltd. 5,780 448,268
Sumitomo Warehouse Co., Ltd. (The)(a) 80,000 510,542
Sundrug Co., Ltd.(a) 24,000 545,668
Suruga Corp. 12,300 224,579
Sysmex Corp. 16,000 616,267
Tadano Ltd. 75,000 1,006,173
Taiyo Yuden Co., Ltd. 14,000 276,920
Takagi Securities Co., Ltd. 26,000 84,772
Takara Holdings, Inc.(a) 80,000 469,504
TIS, Inc.(a) 24,100 469,365
TOA Corp. 68,000 546,294
Tocalo Co., Ltd. 4,600 86,189
Toda Corp. 157,000 827,214
Toho Pharmaceutical Co., Ltd. 31,900 547,776
Toho Zinc Co., Ltd. 13,000 119,810
Tokai Carbon Co., Ltd. 80,000 905,621
Tokai Rubber Industries, Inc. 32,000 671,912
Tokai Tokyo Securities Co., Ltd. 249,000 1,266,487
Tokyo Seimitsu Co., Ltd. 3,500 72,730
Tokyo Style Co., Ltd. 80,000 830,500
Tokyo Tomin Bank Ltd. (The)(a) 16,000 468,808
Tokyu Store Chain Co., Ltd. 95,000 410,512
Toppan Forms Co., Ltd. 39,100 394,009
Tori Holdings Co., Ltd.(a) 2,254,000 391,949
Toshiba Machine Co., Ltd. 80,000 595,401
Toshiba TEC Corp. 80,000 493,849
Touei Housing Corp.(a) 41,100 397,367
Toyo Ink Manufacturing Co., Ltd. 80,000 270,573
Toyo Suisan Kaisha Ltd. 67,000 1,258,271
Toyobo Co., Ltd.(a) 160,000 374,212
Toyota Auto Body Co., Ltd. 32,000 529,461
Trans Cosmos, Inc.(a) 45,900 751,465
Tsubakimoto Chain Co. 80,000 531,409
ULVAC, Inc.(a) 16,000 517,498
Uniden Corp. 75,000 496,240
Union Tool Co. 8,000 344,998
Valor Co., Ltd. 24,500 265,418
Xebio Co., Ltd. 16,000 389,514
Yamatake Corp. 24,000 803,373
Yamato Kogyo Co., Ltd. 24,000 1,151,850
Yamazaki Baking Co., Ltd. 80,000 599,574
Yokohama Reito Co., Ltd.(a) 73,000 565,518
Yokohama Rubber Co., Ltd. (The) 153,000 1,144,025
Yurtec Corp. 97,000 565,900
Zensho Co., Ltd. 10,400 104,981
ZERIA Pharmaceutical Co., Ltd.(a) 60,000 551,406
-----------
Total Japan 123,333,440
---------------------------------------------------------------------------
Netherlands - 2.4%
Arcadis N.V. 8,794 629,071
Ballast Nedam N.V. 5,346 245,267
Beter Bed Holding N.V. 7,738 217,231
Buhrmann N.V. 33,291 361,714
CSM N.V. 9,324 311,878
Draka Holding 6,076 270,463
Exact Holding N.V. 16,138 672,454
Heijmans N.V. 14,101 649,540
ICT Automatisering N.V. 9,919 166,313
Imtech N.V. 11,872 972,842
Innoconcepts 4,167 85,632
Koninklijke Wessanen N.V. 74,938 1,100,899
Macintosh Retail Group N.V. 12,434 436,063
Nutreco Holding N.V. 23,598 1,663,563
OCE N.V. 66,059 1,384,761
Smit Internationale N.V. 10,793 939,528
Stork N.V.(a) 15,804 1,027,137
Ten Cate N.V. 10,359 419,716
Univar N.V. 12,840 971,271
Wegener N.V.(a) 34,156 859,776
-----------
Total Netherlands 13,385,119
---------------------------------------------------------------------------
New Zealand - 3.7%
Air New Zealand Ltd. 1,001,511 1,869,151
Auckland International Airport Ltd. 1,149,772 2,719,241
CanWest MediaWorks (NZ) Ltd. 473,524 962,468
Fisher & Paykel Appliances Holdings Ltd. 289,797 779,535
Fisher & Paykel Healthcare Corp. 305,443 761,616
Freightways Ltd. 161,149 462,704
Hallenstein Glasson Holdings Ltd. 100,131 337,439
Infratil Ltd. 296,998 666,502
Mainfreight Ltd. 110,859 561,226
New Zealand Refining Co., Ltd. (The) 443,629 2,547,565
Nuplex Industries Ltd. 92,798 514,667
PGG Wrightson Ltd. 288,945 421,371
Port of Tauranga Ltd. 120,044 607,725
Pumpkin Patch Ltd. 146,746 344,841
Sanford Ltd. 117,816 387,245
Sky City Entertainment Group Ltd. 472,968 1,865,495
Trustpower Ltd. 78,076 501,451
Vector Ltd. 1,314,300 2,433,058
Warehouse Group Ltd. (The) 489,579 2,034,592
-----------
Total New Zealand 20,777,892
---------------------------------------------------------------------------
Norway - 2.5%
ABG Sundal Collier ASA 890,222 2,347,766
Acta Holding ASA 563,063 2,523,386
Aker Yards ASA 117,755 1,379,029
BW Gas ASA 82,300 1,126,981
Camillo Eitzen & Co. ASA 24,159 323,026
See Notes to Financial Statements.
WisdomTree International Dividend Funds 81
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
EDB Business Partner ASA 32,000 $ 262,031
Ekornes ASA 39,765 843,372
Expert ASA 600 17,981
Hafslund ASA Class B 16,007 444,290
NorGani Hotels ASA(a) 16,600 286,246
Scana Industrier 37,500 100,973
Sparebank 1 SR Bank 31,055 945,009
Sparebanken Midt-Norge 78,024 1,007,272
Sparebanken Nord-Norge 29,139 712,051
Tomra Systems ASA(a) 29,410 211,534
Veidekke ASA 171,490 1,565,541
----------
Total Norway 14,096,488
---------------------------------------------------------------------------------
Portugal - 0.8%
Banif SGPS, S.A. 139,806 954,360
Corticeira Amorim-Industria S.A. 57,316 164,654
Finibanco Holding, SGPS, S.A. 45,919 269,051
Mota-Engil, SGPS, S.A. 86,854 660,829
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 224,962 668,653
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 110,840 1,801,723
----------
Total Portugal 4,519,270
---------------------------------------------------------------------------------
Singapore - 4.9%
Ascott Group Ltd. (The)(a) 168,000 184,472
Cerebos Pacific Ltd. 223,000 603,900
China Merchants Holdings Pacific Ltd. 572,000 319,822
Creative Technology Ltd.(a) 155,750 640,018
CSE Global Ltd. 108,000 93,125
Guocoland Ltd.(a) 445,102 1,529,200
Hotel Properties Ltd.(a) 318,000 1,011,122
HTL International Holdings Ltd. 990,000 560,207
Jaya Holdings Ltd. 1,827,000 2,461,517
Jurong Technologies Industrial Corp. Ltd.(a) 332,000 168,857
Keppel Telecommunications & Transportation Ltd. 253,538 768,582
Labroy Marine Ltd. 826,000 1,357,702
MobileOne Ltd. 1,332,800 1,840,574
OSIM International Ltd.(a) 984,000 397,723
Parkway Holdings Ltd. 712,000 2,033,668
Raffles Education Corp., Ltd. 959,000 1,479,410
Sing Holdings Ltd. 443,000 307,380
Singapore Airport Terminal Services Ltd.(a) 1,000,000 1,845,800
Singapore Petroleum Co., Ltd. 549,000 2,514,871
Singapore Post Ltd. 2,517,000 2,068,605
Singapore Reinsurance Corp., Ltd. 797,000 190,599
SMRT Corp. Ltd.(a) 1,945,000 2,240,527
Straits Trading Co., Ltd. 313,000 953,053
UOB-Kay Hian Holdings Ltd. 785,000 1,136,953
WBL Corp., Ltd.(a) 240,000 637,004
XP Power Ltd. 14,659 107,665
----------
Total Singapore 27,452,356
---------------------------------------------------------------------------------
Spain - 0.8%
Campofrio Alimentacion S.A. 37,966 674,917
Cie Automotive S.A. 14,176 169,549
Europistas, Concesionaria Espanola S.A.(a) 49,416 482,100
Grupo Duro Felguera S.A.(a) 37,444 427,073
Grupo Empresarial Ence S.A.(a) 64,837 731,209
Montebalito S.A. 12,904 202,967
Prosegur Cia de Seguridad S.A. 19,378 702,739
Tavex Algodonera S.A. 47,535 164,273
Tubacex S.A. 17,552 171,736
Tubos Reunidos, S.A.(a) 12,123 367,227
Uralita S.A. 42,622 417,636
----------
Total Spain 4,511,426
---------------------------------------------------------------------------------
Sweden - 4.8%
AarhusKarlshamn AB 9,900 231,085
Axfood AB 60,816 2,044,732
Bilia AB Class A 12,500 225,593
Brostrom AB Class B 95,500 1,026,001
Cardo AB 16,007 544,367
Clas Ohlson AB Class B(a) 32,010 779,338
D. Carnegie & Co. AB(a) 147,331 3,085,978
Eniro AB(a) 184,932 2,244,095
Hakon Invest AB 77,000 1,449,170
Haldex AB 35,200 810,753
HIQ International AB 28,000 175,296
Hoganas AB Class B 24,009 634,643
HQ AB 5,550 151,854
Intrum Justitia AB 63,029 976,752
KappAhl Holding AB 14,000 147,162
Kungsleden Fastighets AB 307,350 3,943,399
L E Lundbergforetagen AB Class B 12,007 824,094
NCC AB Class B 65,510 1,635,459
Nibe Industrier AB Class B(a) 64,029 638,404
Nobia AB 72,027 690,314
Seco Tools Class B 22,400 405,129
SkiStar AB 10,100 183,060
SSAB Svenskt Stal AB Series B 38,722 1,316,861
Svolder AB Class B 9,800 130,282
Trelleborg AB Class B 79,622 1,870,838
Wihlborgs Fastigheter AB 21,200 391,619
----------
Total Sweden 26,556,278
---------------------------------------------------------------------------------
Switzerland - 0.6%
Bellevue Group AG 14,999 1,149,127
Bucher Industries AG 1,169 216,348
Kudelski S.A. 8,730 246,012
Rieter Holding AG 2,415 1,302,388
Swiss Steel AG 3,587 333,767
----------
Total Switzerland 3,247,642
---------------------------------------------------------------------------------
United Kingdom - 18.5%
Aberdeen Asset Management PLC 523,373 1,951,317
Accident Exchange Group PLC 29,101 82,412
Aero Inventory PLC 23,456 275,498
(A & J) Mucklow Group PLC 16,796 107,449
Alexon Group PLC 42,282 159,796
ATH Resources PLC 146,865 574,493
See Notes to Financial Statements.
82 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
Atkins WS PLC 71,602 $ 1,665,930
Avon Rubber PLC 138,923 438,704
Babcock International Group PLC 169,294 1,759,046
BBA Aviation PLC 80,009 372,469
Blacks Leisure Group PLC 141,283 787,969
Bloomsbury Publishing PLC 141,184 424,990
Bodycote International PLC 274,577 1,387,335
Brit Insurance Holdings PLC 461,687 3,212,207
Britvic PLC 88,500 582,386
Burren Energy PLC 90,798 1,553,892
Business Post Group PLC 18,882 172,727
Carillion PLC 227,660 1,774,122
Carpetright PLC 97,248 2,084,307
Centaur Media PLC 193,674 467,579
Charles Taylor Consulting PLC 73,609 540,632
Communisis PLC 67,892 100,282
Computacenter PLC 32,914 134,450
Cranswick PLC 73,780 1,106,323
Croda International PLC 147,500 1,923,257
Dairy Crest Group PLC 125,061 1,602,647
Davis Service Group PLC 150,660 1,643,701
Dawson Holdings PLC 279,164 591,505
De La Rue PLC 118,947 1,769,056
Devro PLC 271,201 488,990
Domestic & General Group PLC 9,310 262,893
DS Smith PLC 524,897 1,997,101
DTZ Holdings PLC 9,804 94,328
Electrocomponents PLC 738,431 3,832,564
Erinaceous Group PLC 78,443 87,899
Euromoney Institutional Investor PLC 116,698 1,257,721
F&C Asset Management PLC 647,250 2,637,348
Filtrona PLC 227,260 1,057,973
Findel PLC 121,877 1,599,090
FKI PLC 614,523 1,139,318
Forth Ports PLC 39,963 1,442,737
Games Workshop Group PLC 37,807 195,839
GCAP Media PLC 207,960 879,151
Go-Ahead Group PLC 39,206 1,907,446
Greggs PLC 16,295 1,601,832
Halfords Group PLC 229,678 1,658,827
Halma PLC 370,750 1,701,419
Highway Insurance Holdings PLC 167,428 241,335
HMV Group PLC 807,940 1,925,885
Homeserve PLC 45,614 1,607,717
IG Group Holdings PLC 282,190 2,177,507
Inspace PLC 28,683 84,150
Interserve PLC 78,636 761,794
iomart Group PLC* 164,309 174,072
J D Wetherspoon PLC 41,018 442,910
Jardine Lloyd Thompson Group PLC 327,200 2,489,828
Johnson Service Group PLC 74,756 383,806
Laird Group PLC 154,444 1,699,144
Laura Ashley Holdings PLC 141,653 75,035
London Scottish Bank PLC 281,484 455,917
Lupus Capital PLC 402,287 114,744
McKay Securities PLC 21,797 150,988
Melrose PLC 27,163 107,499
Metalrax Group PLC 259,888 303,129
Micro Focus International PLC 3,598 21,863
Misys PLC 489,537 2,204,160
Mitie Group PLC 318,981 1,624,689
MJ Gleeson Group PLC 67,100 484,623
Morse PLC 80,325 145,649
N. Brown Group PLC 288,032 1,596,155
Northgate PLC 68,470 1,290,350
Pendragon PLC 911,041 1,109,025
Premier Farnell PLC 523,228 1,686,942
PZ Cussons PLC 402,695 1,378,323
Rank Group PLC 361,832 1,192,385
Redrow PLC 153,061 1,260,608
Renishaw PLC 77,030 1,045,200
Restaurant Group PLC 241,676 1,330,652
Rotork PLC 92,510 1,903,599
Savills PLC 126,634 947,496
Spectris PLC 110,454 1,975,792
Spirax-Sarco Engineering PLC 79,690 1,657,658
SSL International PLC 199,367 1,726,265
St. Ives Group PLC 52,882 220,865
Stagecoach Group PLC 682,252 3,158,740
T. Clarke PLC 120,788 465,720
Taylor Nelson Sofres PLC 292,856 1,346,937
Terrace Hill Group PLC 34,565 61,266
Topps Tiles PLC 232,479 931,888
Ultra Electronics Holdings PLC 70,622 1,594,209
UTV PLC 70,826 548,330
Vantis PLC 122,071 376,782
Victrex PLC 90,439 1,216,088
VT Group PLC 143,273 1,675,489
Warner Estate Holdings PLC 5,354 51,049
Xansa PLC 155,562 408,053
-----------
Total United Kingdom 102,921,267
----------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $552,019,354) 552,616,219
==================================================================================
RIGHTS* - 0.0%
Belgium - 0.0%
Omega Pharma S.A., expiring 10/03/07 (Cost: $0) 3,435 -
==================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $552,019,354) 552,616,219
==================================================================================
SHORT-TERM INVESTMENT - 0.2%
MONEY MARKET FUND-0.2%
United States - 0.2%
Columbia Cash Reserves Fund, 4.99%(b)
(Cost: $1,179,302) 1,179,302 1,179,302
==================================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 83
Schedule of Investments (unaudited) (concluded)
WisdomTree International SmallCap Dividend Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 23.7%
MONEY MARKET FUNDS(c) - 23.7%
UBS Enhanced Yield Portfolio, 5.38% 25,690,286 $ 25,690,286
UBS Private Money Market Fund LLC, 5.21% 106,386,509 106,386,509
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $132,076,795)(d) 132,076,795
===============================================================================
TOTAL INVESTMENTS IN SECURITIES - 123.2%
(Cost: $685,275,451)(e) 685,872,316
Foreign Currency and Other Assets in Excess of
Liabilities - (23.2)% (129,233,861)
------------
NET ASSETS - 100.0% $556,638,455
===============================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2007.
(c) Interest rates shown reflect yields as of September 30, 2007.
(d) At September 30, 2007, the total market value of the Fund's securities on
loan was $124,619,463 and the total market value of the collateral held by
the Fund was $132,076,795.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
84 WisdomTree International Dividend Funds
Schedule of Investments (unaudited)
WisdomTree International Real Estate Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Australia - 35.5%
Abacus Property Group 83,600 $ 142,045
ALE Property Group 17,768 64,468
APN/UKA European Retail Trust 133,107 157,843
Aspen Group 35,797 88,700
Australand Property Group(a) 214,342 440,062
Babcock & Brown Japan Property Trust 77,099 117,012
Bunnings Warehouse Property Trust 36,847 75,976
Centro Properties Group 90,776 592,049
Centro Retail Group(a) 273,236 394,134
Centro Shopping America Trust 197,327 185,102
CFS Retail Property Trust 284,079 600,836
Charter Hall Group 32,764 83,794
Commonwealth Property Office Fund 273,212 402,562
DB RREEF Trust 475,197 845,257
FKP Property Group 29,629 181,444
Goodman Group 215,760 1,319,374
GPT Group 305,573 1,379,126
ING Industrial Fund(a) 229,925 575,826
ING Office Fund 262,393 413,324
ING Real Estate Community Living Group(a) 102,489 120,628
Lend Lease Corp. Ltd. 36,707 613,945
Macquarie CountryWide Trust 218,756 385,240
Macquarie DDR Trust 218,727 227,436
Macquarie Leisure Trust Group 26,829 80,724
Macquarie Office Trust 386,653 535,494
Mirvac Group 164,587 793,800
Mirvac Industrial Trust 154,300 135,865
Multiplex Group 127,386 564,779
Reckson New York Property Trust 95,373 82,290
Rubicon America Trust 128,228 116,880
Rubicon Europe Trust Group 135,153 101,663
Stockland 187,499 1,493,346
Sunland Group Ltd.(a) 41,832 149,928
Tishman Speyer Office Fund 68,155 132,690
Valad Property Group 145,962 258,338
Westfield Group 255,498 4,906,436
----------
Total Australia 18,758,416
------------------------------------------------------------------------------------
Belgium - 0.4%
Cofinimmo 1,181 208,366
------------------------------------------------------------------------------------
Denmark - 0.1%
Nordicom A/S 164 28,943
------------------------------------------------------------------------------------
Finland - 0.4%
Citycon Oyj 10,371 65,929
Sponda Oyj 9,871 136,871
Technopolis PLC 2,851 24,814
----------
Total Finland 227,614
------------------------------------------------------------------------------------
France - 6.1%
Acanthe Developpement S.A. 41,812 175,416
Gecina S.A. 5,445 921,489
Icade 6,873 499,474
Klepierre 9,290 531,509
Mercialys 2,540 98,037
Societe de la Tour Eiffel 780 136,774
Societe Immobiliere De Location pour l'Industrie et
le Commerce 1,370 229,651
Unibail-Rodamco 2,519 646,586
----------
Total France 3,238,936
------------------------------------------------------------------------------------
Germany - 0.9%
Deutsche Euroshop AG 3,121 114,470
Deutsche Wohnen AG 3,625 155,329
DIC Asset AG 1,770 61,646
IVG Immobilien AG 3,605 134,580
----------
Total Germany 466,025
------------------------------------------------------------------------------------
Hong Kong - 24.0%
Cheung Kong (Holdings) Ltd. 143,769 2,372,508
GZI Real Estate Investment Trust 159,357 63,795
Hang Lung Group Ltd. 69,898 397,687
Hang Lung Properties Ltd. 276,209 1,237,290
Henderson Investment Ltd. 131,769 218,805
Henderson Land Development Co., Ltd. 128,139 1,016,878
Hysan Development Co., Ltd. 72,988 202,467
Kowloon Development Co., Ltd. 151,257 386,288
Link REIT (The) 230,927 508,306
New World Development Co., Ltd. 202,723 561,043
Prosperity Real Estate Investment Trust 309,687 65,775
Shun TAK Holdings Ltd. 68,285 110,048
Sino Land Co. Ltd. 352,085 876,513
Sun Hung Kai Properties Ltd. 189,311 3,192,284
Swire Pacific Ltd. Class A 18,306 222,090
Swire Pacific Ltd. Class B 58,075 139,344
Wharf Holdings Ltd. 202,723 996,829
Wheelock & Co., Ltd. 46,838 129,023
----------
Total Hong Kong 12,696,973
------------------------------------------------------------------------------------
Italy - 1.4%
Aedes SpA 7,346 49,363
Beni Stabili SpA 177,500 221,887
Immobiliare Grande Distribuzione 12,340 48,261
Pirelli & C Real Estate SpA 4,835 246,508
Risanamento SpA 13,937 104,949
----------
Total Italy 670,968
------------------------------------------------------------------------------------
Japan - 10.4%
Advance Residence Investment Corp. 10 41,386
Aeon Mall Co., Ltd. 1,009 30,792
Ardepro Co., Ltd. 290 75,138
BLife Investment Corp. 10 43,386
Creed Office Investment Corp. 10 49,472
Crescendo Investment Corp. 10 44,777
DA Office Investment Corp. 10 65,557
eASSET Investment Corp. 10 39,386
Frontier Real Estate Investment Corp. 10 79,207
Fukuoka REIT Corp. 10 82,598
Global One Real Estate Investment Corp. 10 116,507
Hankyu REIT, Inc. 7 56,358
See Notes to Financial Statements.
WisdomTree International Dividend Funds 85
Schedule of Investments (unaudited) (continued)
WisdomTree International Real Estate Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
Japan Excellent, Inc. 2 $ 17,302
Japan Hotel and Resort, Inc. 10 43,994
Japan Logistics Fund, Inc. 10 76,946
Japan Prime Realty Investment Corp. 50 208,234
Japan Real Estate Investment Corp. 30 359,953
Japan Retail Fund Investment Corp. 30 260,836
Japan Single-Residence REIT, Inc. 10 39,995
Joint Corp. 919 24,530
Joint REIT Investment Corp. 10 36,256
Kenedix Realty Investment Corp. 20 139,112
Kenedix, Inc. 18 31,300
LCP Investment Corp. 10 34,256
Leopalace21 Corp. 5,059 165,826
Meiwa Estate Co., Ltd. 4,050 48,558
MID REIT, Inc. 10 47,559
Mitsubishi Estate Co., Ltd. 14,128 404,131
Mitsui Fudosan Co., Ltd. 10,128 280,905
Mori Hills REIT Investment Corp. 10 83,467
Mori Trust Sogo REIT, Inc. 11 131,026
New City Residence Investment Corp. 20 109,551
Nippon Building Fund, Inc. 30 435,595
Nippon Commercial Investment Corp. 10 43,386
Nippon Residential Investment Corp. 20 115,637
Nomura Real Estate Holdings, Inc. 982 28,688
Nomura Real Estate Office Fund, Inc. 20 208,668
NTT Urban Development Corp. 20 41,386
Orix JREIT, Inc.(a) 20 136,330
Pacific Management Corp. 10 12,433
Premier Investment Co. 10 72,251
Prospect Residential Investment Corp. 20 59,123
re-plus residential investment, Inc. 10 38,865
Sumitomo Real Estate Sales Co., Ltd. 400 31,022
Sumitomo Realty & Development Co., Ltd. 4,501 158,101
Suncity Co., Ltd. 80 35,265
Suruga Corp. 1,550 28,301
TOC Co., Ltd. 5,059 46,493
Toho Real Estate Co., Ltd. 3,960 30,127
Tokyo Tatemono Co., Ltd. 6,000 76,425
Tokyu Land Corp. 10,128 101,531
Tokyu Livable, Inc. 487 8,350
Tokyu REIT, Inc. 15 146,068
Top REIT, Inc. 20 116,507
United Urban Investment Corp. 20 137,547
Urban Corp. 8,105 131,284
---------
Total Japan 5,507,684
----------------------------------------------------------------------------------
Netherlands - 0.9%
Eurocommercial Properties N.V. Class A 3,445 191,073
VastNed Offices/Industrial N.V. 3,435 108,302
VastNed Retail N.V. 2,370 190,264
---------
Total Netherlands 489,639
----------------------------------------------------------------------------------
New Zealand - 0.8%
AMP NZ Office Trust 60,665 60,507
Goodman Property Trust 102,220 119,718
ING Property Trust 130,578 111,491
Kiwi Income Property Trust 106,945 117,171
---------
Total New Zealand 408,887
----------------------------------------------------------------------------------
Norway - 0.1%
NorGani Hotels ASA 3,450 59,491
----------------------------------------------------------------------------------
Singapore - 7.6%
Allco Commercial Real Estate Investment Trust 69,327 49,504
Allgreen Properties Ltd. 859,032 1,111,079
Ascendas Real Estate Investment Trust 184,503 339,313
Cambridge Industrial Trust 96,859 54,157
CapitaCommercial Trust 91,190 174,462
CapitaLand Ltd. 58,507 321,218
CapitaMall Trust 134,805 354,165
CDL Hospitality Trusts 22,770 35,280
City Developments Ltd. 40,540 442,418
Fortune Real Estate Investment Trust 150,402 113,257
Frasers Centrepoint Trust 52,892 55,584
GuocoLand Ltd.(a) 31,768 109,143
Keppel Land Ltd. 10,128 56,629
Macquarie MEAG Prime Real Estate Investment Trust 141,300 116,128
Mapletree Logistics Trust(a) 77,911 65,606
Singapore Land Ltd. 44,756 307,529
Suntec Real Estate Investment Trust 102,212 134,268
United Industrial Corp., Ltd. 40,414 83,308
Wheelock Properties S Ltd. 15,271 28,084
Wing Tai Holdings Ltd. 30,402 79,054
---------
Total Singapore 4,030,186
----------------------------------------------------------------------------------
Spain - 1.6%
Astroc Mediterraneo S.A. 4,899 72,249
Metrovacesa S.A. (a) 6,528 740,382
Renta Corp Real Estate S.A. 1,470 48,626
---------
Total Spain 861,257
----------------------------------------------------------------------------------
Sweden - 2.6%
Castellum AB 12,777 158,502
Fabege AB 24,322 288,561
Hufvudstaden AB Class A 10,290 110,550
Klovern AB 16,232 63,482
Kungsleden Fastighet AB 45,949 589,541
Wallenstam Byggnads AB Class B 3,041 62,521
Wihlborgs Fastigheter AB 5,239 96,778
---------
Total Sweden 1,369,935
----------------------------------------------------------------------------------
Switzerland - 0.3%
Allreal Holding AG 940 109,916
Intershop Holdings 230 62,018
---------
Total Switzerland 171,934
----------------------------------------------------------------------------------
United Kingdom - 6.5%
Big Yellow Group PLC 3,000 30,545
British Land Co. PLC 23,584 563,132
See Notes to Financial Statements.
86 WisdomTree International Dividend Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International Real Estate Fund
September 30, 2007
---------------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------------
Brixton PLC 21,872 $ 161,422
Capital & Regional PLC 3,000 44,985
Daejan Holdings PLC 1,000 76,543
Derwent London PLC 3,000 102,438
DTZ Holdings PLC 3,000 28,864
Erinaceous Group PLC 12,998 14,565
Grainger PLC 3,000 27,351
Great Portland Estates PLC 7,839 95,425
Hammerson PLC 10,998 262,607
Helical Bar PLC 3,000 27,917
Land Securities Group PLC 34,435 1,180,026
Liberty International PLC 10,998 255,661
Quintain Estates & Development PLC 3,999 60,290
Savills PLC 2,000 14,964
Segro PLC 30,456 309,937
Shaftesbury PLC 3,999 40,370
St. Modwen Properties PLC 4,999 48,403
UNITE Group PLC 3,000 22,080
Warner Estate (Holdings) PLC 3,999 38,130
Workspace Group PLC 5,999 38,713
-----------
Total United Kingdom 3,444,368
---------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $50,336,364) 52,639,622
=================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.2%
MONEY MARKET FUNDS(b) - 3.2%
AIM Liquid Assets Portfolio, 5.11% 189 189
UBS Private Money Market Fund LLC, 5.21% 1,674,316 1,674,316
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $1,674,505)(c) 1,674,505
=================================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.8%
(Cost: $52,010,869)(d) 54,314,127
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (2.8)% (1,477,119)
-----------
NET ASSETS - 100.0% $52,837,008
=================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,593,533 and the total market value of the collateral held by
the Fund was $1,674,505.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 87
Schedule of Investment (unaudited)
WisdomTree Emerging Markets High-Yielding Equity Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
COMMON STOCKS - 99.5%
Brazil - 12.1%
AES Tiete S.A. 5,798,000 $ 208,760
Brasil Telecom Participacoes S.A. 7,024 186,632
Cia de Concessoes Rodoviarias 20,198 402,862
Cia Energetica de Minas Gerais 8,598 182,240
Cia Paranaense de Energia 8,398 134,642
CPFL Energia S.A. 59,598 1,154,711
Gerdau S.A. 12,598 272,295
Grendene S.A. 6,998 84,623
Localiza Rent A Car S.A. 15,898 161,140
Petroleo Brasileiro S.A. 126,496 4,754,599
Souza Cruz S.A. 25,798 663,317
Telecomunicacoes de Sao Paulo S.A. 30,498 933,173
Tractebel Energia S.A. 73,698 902,801
----------
Total Brazil 10,041,795
-------------------------------------------------------------------------------
Chile - 2.0%
Banco de Chile 4,515,168 370,928
Banco Santander Chile S.A. 10,638,569 518,143
CorpBanca S.A. 14,597,120 107,640
Empresa Nacional de Telecomunicaciones S.A. 12,099 203,524
Empresas Iansa S.A. 265,299 25,375
Inversiones Aguas Metropolitanas S.A. 117,261 146,103
Lan Airlines S.A. 16,893 269,297
----------
Total Chile 1,641,010
-------------------------------------------------------------------------------
China - 3.9%
Angang Steel Co., Ltd. Class H 83,996 325,446
Anhui Expressway Co. Class H 61,984 56,649
Chongqing Iron & Steel Co., Ltd. Class H 55,984 37,257
Huaneng Power International, Inc. Class H 291,992 403,673
PetroChina Co. Ltd. Class H 1,225,968 2,326,114
Shenzhen Expressway Co., Ltd. Class H 53,984 56,078
----------
Total China 3,205,217
-------------------------------------------------------------------------------
Czech Republic - 2.0%
Komercni Banka A.S. 3,323 773,005
Telefonica O2 Czech Republic A.S. 31,483 888,580
----------
Total Czech Republic 1,661,585
-------------------------------------------------------------------------------
Hungary - 0.7%
Magyar Telekom Telecommunications PLC 99,458 551,725
-------------------------------------------------------------------------------
Indonesia - 1.4%
Gudang Garam Tbk PT 127,496 131,051
International Nickel Indonesia Tbk PT 112,996 784,609
Tempo Scan Pacific Tbk PT 232,442 20,588
Unilever Indonesia Tbk PT 383,404 285,090
----------
Total Indonesia 1,221,338
-------------------------------------------------------------------------------
Israel - 5.8%
Bank Hapoalim BM 107,717 549,645
Bank Leumi Le-Israel BM 229,290 1,003,340
Bezeq Israeli Telecommunication Corp. Ltd. 538,037 920,053
Blue Square-Israel Ltd. 2,295 32,458
Clal Industries and Investments Ltd. 13,780 78,890
Delek Automotive Systems Ltd. 9,962 122,073
Discount Investment Corp. 8,709 269,887
IDB Development Corp. Ltd. 15,531 522,661
IDB Holding Corp. Ltd. 8,629 253,447
Israel Chemicals Ltd. 70,858 649,407
Migdal Insurance & Financial Holding Ltd. 86,561 145,306
Mizrahi Tefahot Bank Ltd. 14,707 109,639
Partner Communications Co. 8,329 138,323
Tefron Ltd. 1,450 9,117
----------
Total Israel 4,804,246
-------------------------------------------------------------------------------
Malaysia - 6.6%
Batu Kawan Bhd 23,900 61,021
Berjaya Sports Toto Bhd 219,800 322,523
British American Tobacco (Malaysia) Bhd 31,900 386,170
Fraser & Neave Holdings Bhd 27,500 64,967
Gamuda Bhd 55,400 143,073
Golden Hope Plantations Bhd 84,500 210,785
Highlands & Lowlands Bhd 51,000 117,491
Hong Leong Bank Bhd 81,700 141,461
Malayan Banking Bhd 337,200 1,088,540
Malaysian Bulk Carriers Bhd 109,500 141,394
Padiberas Nasional Bhd 28,900 17,387
Petronas Gas Bhd 116,200 378,524
PLUS Expressways Bhd 338,700 316,087
Public Bank Bhd 306,000 893,529
Shell Refining Co. Federation of Malaya Bhd 34,700 112,018
SP Setia Bhd 33,800 87,290
Star Publications Malaysia Bhd 57,400 56,936
Telekom Malaysia Bhd 176,300 501,866
Uchi Technologies Bhd 30,500 26,674
UMW Holdings Bhd 29,200 120,828
Unisem M Bhd 29,700 13,946
YTL Power International Bhd 466,900 327,481
----------
Total Malaysia 5,529,991
-------------------------------------------------------------------------------
Mexico - 3.7%
Consorcio ARA SAB de C.V. 100,596 134,776
Embotelladoras Arca SAB de C.V. 60,498 224,295
Grupo Carso SAB de C.V. Series A1 180,794 689,470
Grupo Continental SAB de C.V. 134,396 282,689
Grupo Mexico SAB de C.V. Series B 168,894 1,212,492
Grupo Modelo SAB de C.V. Series C 34,898 167,554
Kimberly-Clark de Mexico SAB de C.V. Series A 83,696 377,277
----------
Total Mexico 3,088,553
-------------------------------------------------------------------------------
Philippines - 1.5%
Bank of the Philippine Islands 163,394 241,192
Globe Telecom, Inc. 9,408 306,987
Philippine Long Distance Telephone Co. 10,258 662,614
----------
Total Philippines 1,210,793
-------------------------------------------------------------------------------
Poland - 2.4%
Bank Millennium S.A. 53,991 240,381
KGHM Polska Miedz S.A. 23,744 1,106,414
Telekomunikacja Polska S.A. 83,451 659,648
----------
Total Poland 2,006,443
-------------------------------------------------------------------------------
See Notes to Financial Statements.
88 WisdomTree International Dividend Funds
Schedule of Investment (unaudited) (continued)
WisdomTree Emerging Markets High-Yielding Equity Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
Russia - 0.5%
Mechel ADR 7,430 $ 378,930
------------------------------------------------------------------------------
South Africa - 8.5%
Afgri Ltd. 34,895 32,786
African Bank Investments Ltd. 43,186 196,057
African Oxygen Ltd. 22,648 114,114
Allied Technologies Ltd. 7,469 67,253
Anglo Platinum Ltd. 15,124 2,286,335
Astral Foods Ltd. 3,125 54,827
Highveld Steel and Vanadium Corp. Ltd. 10,404 171,219
Hulamin Ltd. 6,036 20,996
Illovo Sugar Ltd. 17,889 63,731
JD Group Ltd. 11,673 98,506
Lewis Group Ltd. 4,894 40,235
Liberty Group Ltd. 15,882 201,497
Metropolitan Holdings Ltd. 74,537 164,275
Nampak Ltd. 38,827 121,603
Northam Platinum Ltd. 24,819 177,917
Pick'n Pay Holdings Ltd. 27,801 59,659
Pick'n Pay Stores Ltd. 24,389 125,892
Pretoria Portland Cement Co., Ltd. 35,838 248,386
Remgro Ltd. 28,725 728,876
Reunert Ltd. 16,433 159,641
Telkom S.A. Ltd. 72,857 1,832,846
Tongaat-Hulett 5,979 88,808
----------
Total South Africa 7,055,459
------------------------------------------------------------------------------
South Korea - 10.4%
Core Logic, Inc. 428 6,641
Daeduck Electronics Co. 2,720 21,192
Daegu Bank 7,020 130,021
GIIR, Inc. 1,260 19,344
GS Home Shopping, Inc. 351 31,029
Kolon Engineering & Construction Co., Ltd. 1,280 21,330
Kookmin Bank 21,396 1,781,539
Korea Exchange Bank 61,720 1,001,521
KT Corp. 19,400 974,081
KT&G Corp. 7,666 598,939
LG Petrochemical Co., Ltd. 2,590 128,771
SK Telecom Co., Ltd. 111 25,471
SK Telecom Co., Ltd. ADR 39,823 1,182,743
S-Oil Corp. 30,317 2,696,610
----------
Total South Korea 8,619,232
------------------------------------------------------------------------------
Taiwan - 27.5%
Acer, Inc. 161,485 284,522
Advantech Co., Ltd. 29,851 88,451
Altek Corp. 15,600 30,211
Cheng Loong Corp. 63,000 25,771
China Motor Corp. 107,360 98,363
China Steel Corp. 1,613,280 2,353,061
Chung HWA Pulp 48,000 31,622
Chunghwa Telecom Co., Ltd. 1,078,800 2,016,448
Compal Communications, Inc. 29,950 75,988
Compal Electronics, Inc. 261,890 296,116
E.Sun Financial Holding Co., Ltd.* 254,000 136,982
Eastern Media International Corp.* 79,000 22,150
Evergreen Marine Corp. (Taiwan) Ltd. 354,000 306,435
Far EasTone Telecommunications Co., Ltd. 475,000 601,118
Feng Hsin Iron & Steel Co. 54,000 85,215
First Financial Holding Co., Ltd. 477,360 341,546
Formosa Chemicals & Fibre Corp. 664,000 1,698,912
Formosa International Hotels Corp. 3,000 23,625
Formosa Petrochemical Corp. 870,000 2,612,532
Formosa Plastics Corp. 533,000 1,502,559
Fu Sheng Industrial Co., Ltd. 80,540 85,389
Fubon Financial Holding Co., Ltd. 452,000 385,727
Gigabyte Technology Co., Ltd. 60,000 49,548
Hotai Motor Co., Ltd. 58,000 146,444
Inventec Appliances Corp. 46,450 92,089
Kinpo Electronics, Inc. 80,200 32,193
LEE Chang Yung Chem IND Corp. 36,960 47,113
LITE-ON IT Corp. 116,000 108,056
Lite-On Technology Corp. 169,869 265,461
Mega Financial Holding Co., Ltd. 1,204,000 759,994
Nan Ya Plastics Corp. 664,000 1,729,432
Novatek Microelectronics Corp. Ltd. 34,159 148,631
POU Chen Corp. 147,715 147,556
President Chain Store Corp. 53,000 148,923
Quanta Computer, Inc. 256,440 403,107
Shihlin Electric & Engineering Corp. 30,000 32,496
Sincere Navigation Corp. 36,000 80,417
SinoPac Financial Holdings Co., Ltd 527,000 245,454
Sunplus Technology Co., Ltd. 46,788 88,745
Taiwan Cement Corp. 212,040 346,957
Taiwan Fertilizer Co., Ltd. 51,000 123,144
Taiwan Mobile Co., Ltd. 559,000 760,521
Taiwan Secom Co., Ltd. 29,000 47,985
Taiwan Semiconductor Manufacturing Co., Ltd. 1,364,000 2,658,201
Teco Electric and Machinery Co., Ltd. 98,000 57,806
Tung Ho Steel Enterprise Corp. 82,000 136,939
U-Ming Marine Transport Corp. 101,000 331,147
Wan Hai Lines Ltd. 252,000 193,816
Wintek Corp. 108,000 144,287
Yang Ming Marine Transport Corp. 388,075 312,148
Yuen Foong Yu Paper Manufacturing Co., Ltd. 81,560 37,987
Yulon Motor Co., Ltd. 83,848 94,035
----------
Total Taiwan 22,873,375
------------------------------------------------------------------------------
Thailand - 8.0%
Advanced Info Service PCL 344,090 893,480
Airports of Thailand PCL 91,096 164,783
Aromatics Thailand PCL 64,898 142,955
Asia Plus Securities PCL 193,852 21,831
Bangkok Expressway PCL 48,088 34,935
Banpu PCL 13,898 141,109
CalComp Electronics (Thailand) PCL 498,278 103,944
Charoen Pokphand Foods PCL 427,094 65,419
See Notes to Financial Statements.
WisdomTree International Dividend Funds 89
Schedule of Investment (unaudited) (concluded)
WisdomTree Emerging Markets High-Yielding Equity Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Delta Electronics Thai PCL 159,262 $ 97,578
Electricity Generating PCL 28,498 96,448
Hana Microelectronics PCL 67,584 48,507
Kiatnakin Bank PCL 52,998 47,547
Kim Eng Securities Thailand PCL 43,290 30,565
Krung Thai Bank PCL 755,014 242,309
Major Cineplex Group PCL 56,886 29,543
MCOT PCL 56,086 49,091
Phatra Securities PCL 29,298 32,055
Precious Shipping PCL 115,596 126,473
PTT Chemical PCL 102,396 385,385
PTT PCL 187,794 1,840,957
Ratchaburi Electricity Generating Holding PCL 89,496 123,375
Rayong Refinery PCL 219,846 163,562
Regional Container Lines PCL 56,198 52,878
Samart Corp. PCL 62,686 14,448
Siam Cement PCL 107,996 800,321
Siam City Bank PCL 133,366 68,872
Siam City Cement PCL 17,698 144,579
Thai Airways International Pcl 84,496 103,540
Thai Oil PCL 158,994 398,935
Thai Union Frozen Products PCL 63,884 45,106
Thoresen Thai Agencies PCL 36,898 62,439
Tisco Bank PCL 70,282 61,516
-----------
Total Thailand 6,634,485
----------------------------------------------------------------------------
Turkey - 2.5%
Adana Cimento Class A 6,034 47,074
Akcansa Cimento A.S. 17,731 135,401
Aksigorta A.S. 22,071 152,145
Arcelik A.S. 23,936 193,654
Cimsa Cimento Sanayi VE Tica 6,951 59,680
Dogan Sirketler Grubu Holdings 65,931 143,695
Dogus Otomotiv Servis ve Ticaret A.S. 10,408 70,028
Ford Otomotiv Sanayi A.S. 53,639 566,812
Mardin Cimento Sanayii 11,387 69,095
Trakya Cam Sanayi A.S. 24,450 91,236
Tupras Turkiye Petrol Rafine 21,857 577,416
-----------
Total Turkey 2,106,236
============================================================================
TOTAL INVESTMENTS IN SECURITIES - 99.5%
(Cost: $79,731,064)(a) 82,630,413
Cash, Foreign Currency and Other Assets in Excess
of Liabilities - 0.5% 453,873
-----------
NET ASSETS - 100.0% $83,084,286
============================================================================
ADR - American Depositary Receipt.
* Non-income producing security.
(a) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
90 WisdomTree International Dividend Funds
Statements of Assets and Liabilities (unaudited)
WisdomTree International Dividend Funds
September 30, 2007
---------------------------------------------------------------------------------------------------------------
WisdomTree
DEFA
WisdomTree High-Yielding
DEFA Fund Equity Fund
---------------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 289,676,307 $ 266,770,580
Foreign currency, at cost - 452,845
---------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 313,047,577 283,353,469
Cash 4,000 456,000
Foreign currency, at value - 465,520
Receivables:
Investment securities sold 999,375 424,733
Dividends and interest 636,022 826,116
Foreign tax reclaims 64,669 58,829
Capital shares sold 17,462,873 -
---------------------------------------------------------------------------------------------------------------
Total Assets 332,214,516 285,584,667
===============================================================================================================
LIABILITIES:
Due to foreign custodian 344,987 -
Unrealized depreciation on forward foreign currency contracts 2,121 1,765
Payables:
Investment securities purchased 17,187,687 -
Collateral for securities on loan (Note 2) 12,953,752 15,700,187
Advisory fees (Note 3) 102,252 123,331
Other accrued expenses 937 936
---------------------------------------------------------------------------------------------------------------
Total Liabilities 30,591,736 15,826,219
===============================================================================================================
NET ASSETS $ 301,622,780 $ 269,758,448
===============================================================================================================
NET ASSETS:
Paid-in capital $ 273,271,645 $ 240,477,805
Undistributed net investment income 4,339,788 6,361,949
Accumulated net realized gain on investments and foreign currency
related transactions 617,464 6,292,265
Net unrealized appreciation (depreciation) on investments and
translation of assets and liabilities denominated in foreign currencies 23,393,883 16,626,429
---------------------------------------------------------------------------------------------------------------
NET ASSETS $ 301,622,780 $ 269,758,448
===============================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 4,250,000 3,900,000
===============================================================================================================
Net asset value per share $ 70.97 $ 69.17
===============================================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
WisdomTree Europe Europe
Europe Total High-Yielding SmallCap
Dividend Fund Equity Fund Dividend Fund
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 50,546,819 $ 49,871,718 $105,581,956
Foreign currency, at cost 61,192 99,324 97,913
----------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 56,072,273 54,507,358 101,888,138
Cash 9,000 - -
Foreign currency, at value 62,190 101,530 99,714
Receivables:
Investment securities sold 55,794 91,005 111,832
Dividends and interest 87,479 146,550 207,444
Foreign tax reclaims 23,392 18,335 28,798
Capital shares sold - - -
----------------------------------------------------------------------------------------------------------------------------
Total Assets 56,310,128 54,864,778 102,335,926
============================================================================================================================
LIABILITIES:
Due to foreign custodian - - -
Unrealized depreciation on forward foreign currency contracts - 663 1,021
Payables:
Investment securities purchased - - -
Collateral for securities on loan (Note 2) 598,820 422,330 4,557,273
Advisory fees (Note 3) 21,149 25,029 46,317
Other accrued expenses 194 190 351
----------------------------------------------------------------------------------------------------------------------------
Total Liabilities 620,163 448,212 4,604,962
============================================================================================================================
NET ASSETS $ 55,689,965 $ 54,416,566 $ 97,730,964
============================================================================================================================
NET ASSETS:
Paid-in capital $ 48,787,074 $ 45,682,639 $ 83,828,881
Undistributed net investment income 1,006,331 1,542,356 3,818,373
Accumulated net realized gain on investments and foreign currency
related transactions 367,773 2,551,435 13,772,854
Net unrealized appreciation (depreciation) on investments and
translation of assets and liabilities denominated in foreign currencies 5,528,787 4,640,136 (3,689,144)
----------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 55,689,965 $ 54,416,566 $ 97,730,964
============================================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 800,000 800,000 1,400,000
============================================================================================================================
Net asset value per share $ 69.61 $ 68.02 $ 69.81
============================================================================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 91
Statements of Assets and Liabilities (unaudited) (continued)
WisdomTree International Dividend Funds
September 30, 2007
-----------------------------------------------------------------------------------------------------------
WisdomTree
WisdomTree Japan
Japan Total High-Yielding
Dividend Fund Equity Fund
-----------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 43,907,233 $ 51,160,011
Foreign currency, at cost 13,165 713
-----------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 44,261,198 46,521,268
Cash - -
Foreign currency, at value 13,111 710
Unrealized appreciation on forward foreign currency contracts - -
Receivables:
Investment securities sold - -
Dividends and interest 259,300 377,970
Foreign tax reclaims - -
-----------------------------------------------------------------------------------------------------------
Total Assets 44,533,609 46,899,948
===========================================================================================================
LIABILITIES:
Due to foreign custodian - 37,622
Payables:
Collateral for securities on loan (Note 2) 336,265 2,033,155
Advisory fees (Note 3) 16,724 20,706
Other accrued expenses 153 157
-----------------------------------------------------------------------------------------------------------
Total Liabilities 353,142 2,091,640
===========================================================================================================
NET ASSETS $ 44,180,467 $ 44,808,308
===========================================================================================================
NET ASSETS:
Paid-in capital $ 42,653,051 $ 45,968,673
Undistributed net investment income 388,730 810,033
Accumulated net realized gain on investments and foreign currency
related transactions 786,171 2,670,313
Net unrealized appreciation (depreciation) on investments and
translation of assets and liabilities denominated in foreign currencies 352,515 (4,640,711)
-----------------------------------------------------------------------------------------------------------
NET ASSETS $ 44,180,467 $ 44,808,308
===========================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 800,000 800,000
===========================================================================================================
Net asset value per share $ 55.23 $ 56.01
===========================================================================================================
----------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
Japan WisdomTree Pacific ex-Japan
SmallCap Pacific ex-Japan High-Yielding
Dividend Fund Total Dividend Fund Equity Fund
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 95,252,082 $ 208,233,970 $ 107,296,855
Foreign currency, at cost 4,856 288,114 128,712
----------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 90,090,248 244,719,849 117,085,541
Cash - 1,062,000 -
Foreign currency, at value 4,856 289,261 129,699
Unrealized appreciation on forward foreign currency contracts - 308 -
Receivables:
Investment securities sold - 348,928 269,606
Dividends and interest 457,707 801,332 926,676
Foreign tax reclaims - 61 -
----------------------------------------------------------------------------------------------------------------------------------
Total Assets 90,552,811 247,221,739 118,411,522
==================================================================================================================================
LIABILITIES:
Due to foreign custodian 12,057 - -
Payables:
Collateral for securities on loan (Note 2) 10,924,473 28,584,988 18,332,632
Advisory fees (Note 3) 36,724 77,714 48,526
Other accrued expenses 279 712 368
----------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 10,973,533 28,663,414 18,381,526
==================================================================================================================================
NET ASSETS $ 79,579,278 $ 218,558,325 $ 100,029,996
==================================================================================================================================
NET ASSETS:
Paid-in capital $ 81,971,970 $ 177,357,784 $ 80,015,732
Undistributed net investment income 923,894 3,205,734 3,277,718
Accumulated net realized gain on investments and foreign currency
related transactions 1,846,969 1,452,580 6,876,391
Net unrealized appreciation (depreciation) on investments and
translation of assets and liabilities denominated in foreign currencies (5,163,555) 36,542,227 9,860,155
----------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 79,579,278 $ 218,558,325 $ 100,029,996
==================================================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 1,600,000 2,600,000 1,300,000
==================================================================================================================================
Net asset value per share $ 49.74 $ 84.06 $ 76.95
==================================================================================================================================
See Notes to Financial Statements.
92 WisdomTree International Dividend Funds
Statements of Assets and Liabilities (unaudited) (concluded)
WisdomTree International Dividend Funds
September 30, 2007
--------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree
International International International
LargeCap Dividend MidCap
Dividend Fund Top 100 Fund Dividend Fund
--------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 138,527,074 $ 425,749,929 $ 305,589,433
Foreign currency, at cost 179,372 145,318 232,773
--------------------------------------------------------------------------------------------------------
Investments in securities, at value (including
securities on loan) (Note 2) 154,625,923 454,768,504 309,429,281
Cash - 62,666 25,950
Foreign currency, at value 182,755 146,218 234,312
Unrealized appreciation on forward foreign currency
contracts - - 117
Receivables:
Investment securities sold 158,057 653,326 348,438
Dividends and interest 362,114 1,260,622 927,424
Foreign tax reclaims 45,429 101,150 56,148
Capital shares sold - 14,424,610 -
--------------------------------------------------------------------------------------------------------
Total Assets 155,374,278 471,417,096 311,021,670
========================================================================================================
LIABILITIES:
Due to foreign custodian - - -
Unrealized depreciation on forward foreign currency
contracts 911 3,629 -
Payables:
Investment securities purchased - 14,065,246 -
Collateral for securities on loan (Note 2) 1,566,840 21,922,095 30,096,525
Advisory fees (Note 3) 57,810 191,048 128,850
Other accrued expenses 530 1,449 977
--------------------------------------------------------------------------------------------------------
Total Liabilities 1,626,091 36,183,467 30,226,352
========================================================================================================
NET ASSETS $ 153,748,187 $ 435,233,629 $ 280,795,318
========================================================================================================
NET ASSETS:
Paid-in capital $ 133,808,985 $ 381,194,078 $ 258,030,043
Undistributed net investment income 2,815,918 10,312,165 5,448,104
Accumulated net realized gain on investments and
foreign currency related transactions 1,011,134 14,649,815 13,446,483
Net unrealized appreciation on investments and
translation of assets and liabilities denominated
in foreign currencies 16,112,150 29,077,571 3,870,688
--------------------------------------------------------------------------------------------------------
NET ASSETS $ 153,748,187 $ 435,233,629 $ 280,795,318
========================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 2,200,000 6,000,000 3,900,000
--------------------------------------------------------------------------------------------------------
Net asset value per share $ 69.89 $ 72.54 $ 72.00
========================================================================================================
--------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International WisdomTree Emerging Markets
SmallCap International High-Yielding
Dividend Fund Real Estate Fund Equity Fund
--------------------------------------------------------------------------------------------------------
ASSETS:
Investments, at cost $ 685,275,451 $ 52,010,869 $ 79,731,064
Foreign currency, at cost 957,405 21,861 805,210
--------------------------------------------------------------------------------------------------------
Investments in securities, at value (including
securities on loan) (Note 2) 685,872,316 54,314,127 82,630,413
Cash - 2,532 441,624
Foreign currency, at value 963,120 22,262 806,498
Unrealized appreciation on forward foreign currency
contracts - - -
Receivables:
Investment securities sold 310,639 46,788
Dividends and interest 2,292,231 147,376 144,653
Foreign tax reclaims 79,549 2,073 -
Capital shares sold - - 16,268
--------------------------------------------------------------------------------------------------------
Total Assets 689,517,855 54,535,158 84,039,456
========================================================================================================
LIABILITIES:
Due to foreign custodian 540,191 - -
Unrealized depreciation on forward foreign currency
contracts 2,090 - 8
Payables:
Investment securities purchased - - 919,368
Collateral for securities on loan (Note 2) 132,076,795 1,674,505 -
Advisory fees (Note 3) 258,364 23,467 35,546
Other accrued expenses 1,960 178 248
--------------------------------------------------------------------------------------------------------
Total Liabilities 132,879,400 1,698,150 955,170
========================================================================================================
NET ASSETS $ 556,638,455 $ 52,837,008 $ 83,084,286
========================================================================================================
NET ASSETS:
Paid-in capital $ 531,269,823 $ 50,072,627 $ 79,563,857
Undistributed net investment income 10,050,300 395,075 594,354
Accumulated net realized gain on investments and
foreign currency related transactions 14,661,654 63,527 24,462
Net unrealized appreciation on investments and
translation of assets and liabilities denominated
in foreign currencies 656,678 2,305,779 2,901,613
--------------------------------------------------------------------------------------------------------
NET ASSETS $ 556,638,455 $ 52,837,008 $ 83,084,286
========================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 8,000,000 1,000,002 1,600,002
--------------------------------------------------------------------------------------------------------
Net asset value per share $ 69.58 $ 52.84 $ 51.93
========================================================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Funds 93
Statements of Operations (unaudited)
WisdomTree International Dividend Funds
For the Six Months Ended September 30, 2007
-------------------------------------------------------------------------------------------------------
WisdomTree
DEFA
WisdomTree High-Yielding
DEFA Fund Equity Fund
-------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 4,118,481 $ 5,794,163
Interest 5,463 5,900
Securities lending income (Note 2) 113,712 180,257
-------------------------------------------------------------------------------------------------------
Total investment income 4,237,656 5,980,320
-------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 507,634 700,967
Service fees (Note 3) 1,845 1,876
-------------------------------------------------------------------------------------------------------
Total expenses 509,479 702,843
-------------------------------------------------------------------------------------------------------
Net investment income 3,728,177 5,277,477
=======================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (568,694) (230,612)
In-kind redemptions 1,154,009 6,518,024
Foreign currency related transactions 33,863 72,150
-------------------------------------------------------------------------------------------------------
Net realized gain 619,178 6,359,562
-------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 14,096,446 5,622,190
Translation of assets and liabilities denominated in foreign currencies 16,209 31,315
-------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) 14,112,655 5,653,505
-------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 14,731,833 12,013,067
=======================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $18,460,010 $17,290,544
=======================================================================================================
WisdomTree WisdomTree
WisdomTree Europe Europe
Europe Total High-Yielding SmallCap
Dividend Fund Equity Fund Dividend Fund
------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 931,925 $1,325,308 $ 3,221,407
Interest 1,225 23 3,771
Securities lending income (Note 2) 24,408 41,327 84,494
--------------------------------------------------------------------------------------------------------------------------
Total investment income 957,558 1,366,658 3,309,672
--------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 115,330 154,290 399,033
Service fees (Note 3) 388 381 763
--------------------------------------------------------------------------------------------------------------------------
Total expenses 115,718 154,671 399,796
--------------------------------------------------------------------------------------------------------------------------
Net investment income 841,840 1,211,987 2,909,876
==========================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (91,411) (253,811) (1,336,786)
In-kind redemptions 572,550 2,796,721 14,639,549
Foreign currency related transactions 4,077 6,003 27,686
--------------------------------------------------------------------------------------------------------------------------
Net realized gain 485,216 2,548,913 13,330,449
--------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 2,682,218 134,672 (16,050,243)
Translation of assets and liabilities denominated in foreign currencies 1,788 871 2,127
--------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) 2,684,006 135,543 (16,048,116)
--------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments 3,169,222 2,684,456 (2,717,667)
==========================================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $4,011,062 $3,896,443 $ 192,209
==========================================================================================================================
(1) Net of foreign withholding tax of $428,745, $564,140, $117,769, $158,717
and $321,378, respectively.
See Notes to Financial Statements.
94 WisdomTree International Dividend Funds
Statements of Operations (unaudited) (continued)
WisdomTree International Dividend Funds
For the Six Months Ended September 30, 2007
--------------------------------------------------------------------------------------------------------
WisdomTree
WisdomTree Japan
Japan Total High-Yielding
Dividend Fund Equity Fund
--------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
--------------------------------------------------------------------------------------------------------
Dividends(1) $ 308,587 $ 463,778
Interest 381 11,758
Securities lending income (Note 2) 3,321 8,274
--------------------------------------------------------------------------------------------------------
Total investment income 312,289 483,810
--------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 117,160 194,999
Service fees (Note 3) 333 322
--------------------------------------------------------------------------------------------------------
Total expenses 117,493 195,321
--------------------------------------------------------------------------------------------------------
Net investment income 194,796 288,489
========================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (139,530) (576,896)
In-kind redemptions 1,107,535 3,444,609
Foreign currency related transactions (2,880) (35,698)
--------------------------------------------------------------------------------------------------------
Net realized gain 965,125 2,832,015
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions (3,003,553) (7,752,172)
Translation of assets and liabilities denominated in foreign currencies (1,290) 51
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) (3,004,843) (7,752,121)
--------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments (2,039,718) (4,920,106)
========================================================================================================
NET INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS $ (1,844,922) $ (4,631,617)
========================================================================================================
-------------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
Japan WisdomTree Pacific ex-Japan
SmallCap Pacific ex-Japan High-Yielding
Dividend Fund Total Dividend Fund Equity Fund
-------------------------------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
-------------------------------------------------------------------------------------------------------------------------------
Dividends(1) $ 523,456 $ 2,924,288 $ 2,539,312
Interest 842 5,661 4,013
Securities lending income (Note 2) 85,103 32,303 37,891
-------------------------------------------------------------------------------------------------------------------------------
Total investment income 609,401 2,962,252 2,581,216
-------------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 256,612 294,601 326,647
Service fees (Note 3) 586 1,134 769
-------------------------------------------------------------------------------------------------------------------------------
Total expenses 257,198 295,735 327,416
-------------------------------------------------------------------------------------------------------------------------------
Net investment income 352,203 2,666,517 2,253,800
===============================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (270,195) (106,009) (389,100)
In-kind redemptions 2,284,928 1,536,726 6,980,946
Foreign currency related transactions (23,795) 100,332 107,799
-------------------------------------------------------------------------------------------------------------------------------
Net realized gain 1,990,938 1,531,049 6,699,645
-------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions (7,268,099) 30,284,595 3,164,328
Translation of assets and liabilities denominated in foreign currencies (947) 48,941 56,904
-------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) (7,269,046) 30,333,536 3,221,232
-------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on investments (5,278,108) 31,864,585 9,920,877
===============================================================================================================================
NET INCREASE (DECREASE) IN NET ASSETS RESULTING
FROM OPERATIONS $ (4,925,905) $34,531,102 $12,174,677
===============================================================================================================================
(1) Net of foreign withholding tax of $23,208, $34,908, $39,365, $31,116 and
$43,005, respectively.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 95
Statements of Operations (unaudited) (concluded)
WisdomTree International Dividend Funds
For the Six Months Ended September 30, 2007
----------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree
International International International
LargeCap Dividend MidCap
Dividend Fund Top 100 Fund Dividend Fund
----------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
----------------------------------------------------------------------------------------------------
Dividends(1) $ 2,609,887 $ 9,710,440 $ 5,383,988
Interest 3,705 3,701 1,701
Securities lending income (Note 2) 67,988 307,107 170,549
----------------------------------------------------------------------------------------------------
Total investment income 2,681,580 10,021,248 5,556,238
----------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 304,245 1,093,444 788,775
Service fees (Note 3) 1,058 2,900 2,032
----------------------------------------------------------------------------------------------------
Total expenses 305,303 1,096,344 790,807
----------------------------------------------------------------------------------------------------
Net investment income 2,376,277 8,924,904 4,765,431
====================================================================================================
NET REALIZED AND UNREALIZED GAIN ON
INVESTMENTS:
Net realized gain (loss) from:
Investment transactions 221,830 17,971 (511,702)
In-kind redemptions 797,533 14,735,840 13,549,584
Foreign currency related transactions 32,911 83,840 7,654
----------------------------------------------------------------------------------------------------
Net realized gain 1,052,274 14,837,651 13,045,536
----------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 8,872,301 5,836,012 (8,353,413)
Translation of assets and liabilities denominated
in foreign currencies 7,751 44,993 26,847
----------------------------------------------------------------------------------------------------
Net change in unrealized appreciation
(depreciation) 8,880,052 5,881,005 (8,326,566)
----------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on
investments 9,932,326 20,718,656 4,718,970
====================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM
OPERATIONS $12,308,603 $29,643,560 $ 9,484,401
====================================================================================================
--------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International WisdomTree Emerging Markets
SmallCap International HIgh-Yielding
Dividend Fund Real Estate Fund* Equity Fund*
--------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
--------------------------------------------------------------------------------------------------------
Dividends(1) $ 9,311,561 $ 460,667 $ 646,152
Interest 7,851 - 20,520
Securities lending income (Note 2) 324,408 3,902 -
--------------------------------------------------------------------------------------------------------
Total investment income 9,643,820 464,569 666,672
--------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 1,455,563 69,163 71,874
Service fees (Note 3) 3,974 331 444
--------------------------------------------------------------------------------------------------------
Total expenses 1,459,537 69,494 72,318
--------------------------------------------------------------------------------------------------------
Net investment income 8,184,283 395,075 594,354
========================================================================================================
NET REALIZED AND UNREALIZED GAIN ON
INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (2,620,433) 72,461 (12,037)
In-kind redemptions 16,871,423 - 40
Foreign currency related transactions 16,213 (8,934) 36,459
--------------------------------------------------------------------------------------------------------
Net realized gain 14,267,203 63,527 24,462
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions (21,157,843) 2,303,258 2,899,349
Translation of assets and liabilities denominated
in foreign currencies 54,778 2,521 2,264
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation
(depreciation) (21,103,065) 2,305,779 2,901,613
--------------------------------------------------------------------------------------------------------
Net realized and unrealized gain (loss) on
investments (6,835,862) 2,369,306 2,926,075
========================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM
OPERATIONS $ 1,348,421 $2,764,381 $3,520,429
========================================================================================================
* Commencement of investment operations for the International Real Estate
Fund and Emerging Markets High-Yielding Equity Fund are June 5, 2007 and
July 13, 2007, respectively.
(1) Net of foreign withholding tax of $284,671, $873,652, $471,905, $611,586,
$48,323, and $102,792, respectively.
See Notes to Financial Statements.
96 WisdomTree International Dividend Funds
Statements of Changes in Net Assets
WisdomTree International Dividend Funds
----------------------------------------------------------------------------------------
WisdomTree
DEFA Fund
----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 3,728,177 $ 818,784
Net realized gain on investments and foreign
currency related transactions 619,178 1,216,145
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 14,112,655 9,281,228
----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 18,460,010 11,316,157
========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (214,691)
Capital gains - (17,022)
----------------------------------------------------------------------------------------
Total dividends and distributions - (231,713)
========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 172,154,730 146,204,390
Cost of shares redeemed (17,295,230) (28,990,564)
----------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 154,859,500 117,213,826
========================================================================================
Net Increase in Net Assets 173,319,510 128,298,270
========================================================================================
NET ASSETS:
Beginning of period $ 128,303,270 $ 5,000
End of period $ 301,622,780 $ 128,303,270
========================================================================================
Undistributed net investment income included in
net assets at end of period $ 4,339,788 $ 611,611
========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 2,000,000 -
Shares created 2,500,000 2,500,100
Shares redeemed (250,000) (500,100)
----------------------------------------------------------------------------------------
Shares outstanding, end of period 4,250,000 2,000,000
========================================================================================
-----------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
DEFA High-Yielding Equity Fund Europe Total Dividend Fund
-----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 5,277,477 $ 1,482,819 $ 841,840 $ 241,910
Net realized gain on investments and foreign
currency related transactions 6,359,562 911,821 485,216 823,921
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 5,653,505 10,972,924 2,684,006 2,844,781
-----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 17,290,544 13,367,564 4,011,062 3,910,612
=============================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (416,338) - (82,853)
Capital gains - - - (936)
-----------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions - (416,338) - (83,789)
=============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 109,007,930 188,423,781 20,408,449 51,326,114
Cost of shares redeemed (41,038,331) (16,881,702) (6,915,004) (16,972,479)
-----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 67,969,599 171,542,079 13,493,445 34,353,635
=============================================================================================================================
Net Increase in Net Assets 85,260,143 184,493,305 17,504,507 38,180,458
=============================================================================================================================
NET ASSETS:
Beginning of period $ 184,498,305 $ 5,000 $ 38,185,458 $ 5,000
End of period $ 269,758,448 $ 184,498,305 $ 55,689,965 $ 38,185,458
=============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 6,361,949 $ 1,084,472 $ 1,006,331 $ 164,491
=============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 2,900,000 - 600,000 -
Shares created 1,600,000 3,200,100 300,000 900,100
Shares redeemed (600,000) (300,100) (100,000) (300,100)
-----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 3,900,000 2,900,000 800,000 600,000
=============================================================================================================================
* Commencement of investment operations
See Notes to Financial Statements.
WisdomTree International Dividend Funds 97
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
----------------------------------------------------------------------------------------
WisdomTree
Europe High-Yielding Equity Fund
----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
----------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 1,211,987 $ 513,916
Net realized gain (loss) on investments and
foreign currency related transactions 2,548,913 908,921
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies 135,543 4,504,593
----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 3,896,443 5,927,430
========================================================================================
DIVIDENDS:
Net investment income - (191,720)
----------------------------------------------------------------------------------------
Total dividends - (191,720)
========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 13,638,210 61,698,085
Cost of shares redeemed (13,638,210) (16,918,672)
----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions - 44,779,413
========================================================================================
Net Increase (Decrease) in Net Assets 3,896,443 50,515,123
========================================================================================
NET ASSETS:
Beginning of period $ 50,520,123 $ 5,000
End of period $ 54,416,566 $ 50,520,123
========================================================================================
Undistributed net investment income included in
net assets at end of period $ 1,542,356 $ 330,369
========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,000 -
Shares created 200,000 1,100,100
Shares redeemed (200,000) (300,100)
----------------------------------------------------------------------------------------
Shares outstanding, end of period 800,000 800,000
========================================================================================
--------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
Europe SmallCap Dividend Fund Japan Total Dividend Fund
--------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
--------------------------------------------------------------------------------------------------------------------------
INCREASE (DECREASE) IN NET ASSETS
OPERATIONS:
Net investment income $ 2,909,876 $ 1,138,113 $ 194,796 $ 302,220
Net realized gain (loss) on investments and
foreign currency related transactions 13,330,449 872,823 965,125 (150,432)
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies (16,048,116) 12,358,972 (3,004,843) 3,357,358
--------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations 192,209 14,369,908 (1,844,922) 3,509,146
==========================================================================================================================
DIVIDENDS:
Net investment income - (234,397) - (104,591)
--------------------------------------------------------------------------------------------------------------------------
Total dividends - (234,397) - (104,591)
==========================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 37,322,160 139,943,738 5,571,114 53,497,409
Cost of shares redeemed (87,098,948) (6,768,706) (10,846,453) (5,606,236)
--------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (49,776,788) 133,175,032 (5,275,339) 47,891,173
==========================================================================================================================
Net Increase (Decrease) in Net Assets (49,584,579) 147,310,543 (7,120,261) 51,295,728
==========================================================================================================================
NET ASSETS:
Beginning of period $ 147,315,543 $ 5,000 $ 51,300,728 $ 5,000
End of period $ 97,730,964 $147,315,543 $ 44,180,467 $ 51,300,728
==========================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 3,818,373 $ 908,497 $ 388,730 $ 193,934
==========================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 2,100,000 - 900,000 -
Shares created 500,000 2,200,100 100,000 1,000,100
Shares redeemed (1,200,000) (100,100) (200,000) (100,100)
--------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,400,000 2,100,000 800,000 900,000
==========================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
98 WisdomTree International Dividend Funds
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
--------------------------------------------------------------------------------------
WisdomTree
Japan High-Yielding Equity Fund
--------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
--------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 288,489 $ 693,416
Net realized gain (loss) on investments and
foreign currency related transactions 2,832,015 (163,710)
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies (7,752,121) 3,111,410
--------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations (4,631,617) 3,641,116
======================================================================================
DIVIDENDS:
Net investment income - (169,864)
--------------------------------------------------------------------------------------
Total dividends - (169,864)
======================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 40,032,961 91,598,296
Cost of shares redeemed (85,661,902) (5,682)
--------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (45,628,941) 91,592,614
======================================================================================
Net Increase (Decrease) in Net Assets (50,260,558) 95,063,866
======================================================================================
NET ASSETS:
Beginning of period $ 95,068,866 $ 5,000
End of period $ 44,808,308 $95,068,866
======================================================================================
Undistributed net investment income included in
net assets at end of period $ 810,033 $ 521,544
======================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,600,000 -
Shares created 700,000 1,600,100
Shares redeemed (1,500,000) (100)
--------------------------------------------------------------------------------------
Shares outstanding, end of period 800,000 1,600,000
======================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
Japan SmallCap Dividend Fund Pacific ex-Japan Total Dividend Fund
----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 352,203 $ 610,192 $ 2,666,517 $ 727,166
Net realized gain (loss) on investments and
foreign currency related transactions 1,990,938 28,052 1,531,049 1,109,136
Net change in unrealized appreciation
(depreciation) on investments and translation of assets and liabilities
denominated in
foreign currencies (7,269,046) 2,105,491 30,333,536 6,208,691
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
operations (4,925,905) 2,743,735 34,531,102 8,044,993
============================================================================================================================
DIVIDENDS:
Net investment income - (30,965) - (196,159)
----------------------------------------------------------------------------------------------------------------------------
Total dividends - (30,965) - (196,159)
============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 15,357,087 106,770,558 117,036,913 88,664,106
Cost of shares redeemed (30,271,359) (10,068,873) (7,339,186) (22,188,444)
----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (14,914,272) 96,701,685 109,697,727 66,475,662
============================================================================================================================
Net Increase (Decrease) in Net Assets (19,840,177) 99,414,455 144,228,829 74,324,496
============================================================================================================================
NET ASSETS:
Beginning of period $ 99,419,455 $ 5,000 $ 74,329,496 $ 5,000
End of period $ 79,579,278 $ 99,419,455 $218,558,325 $ 74,329,496
============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 923,894 $ 571,691 $ 3,205,734 $ 539,217
============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,900,000 - 1,100,000 -
Shares created 300,000 2,100,100 1,600,000 1,500,100
Shares redeemed (600,000) (200,100) (100,000) (400,100)
----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,600,000 1,900,000 2,600,000 1,100,000
============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 99
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Funds
-----------------------------------------------------------------------------------------
WisdomTree
Pacific ex-Japan High-Yielding
Equity Fund
-----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 2,253,800 $ 1,417,669
Net realized gain (loss) on investments and
foreign currency related transactions 6,699,645 3,570,830
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 3,221,232 6,638,923
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 12,174,677 11,627,422
=========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (416,060)
Capital gains - -
-----------------------------------------------------------------------------------------
Total dividends and distributions - (416,060)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 50,632,969 110,443,500
Cost of shares redeemed (49,983,016) (34,454,496)
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 649,953 75,989,004
=========================================================================================
Net Increase in Net Assets 12,824,630 87,200,366
=========================================================================================
NET ASSETS:
Beginning of period $ 87,205,366 $ 5,000
End of period $ 100,029,996 $ 87,205,366
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 3,277,718 $ 1,023,918
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,300,000 -
Shares created 700,000 1,900,100
Shares redeemed (700,000) (600,100)
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 1,300,000 1,300,000
=========================================================================================
---------------------------------------------------------------------------------------------------------------------------
WisdomTree
International LargeCap Dividend WisdomTree
Fund International Dividend Top 100 Fund
---------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, June 16, 2006* September 30, June 16, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
---------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 2,376,277 $ 646,798 $ 8,924,904 $ 1,859,417
Net realized gain (loss) on investments and
foreign currency related transactions 1,052,274 (37,126) 14,837,651 (161,801)
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 8,880,052 7,232,098 5,881,005 23,196,566
---------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 12,308,603 7,841,770 29,643,560 24,894,182
===========================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (211,171) - (485,914)
Capital gains - - - (12,277)
---------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions - (211,171) - (498,191)
===========================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 60,620,649 79,939,217 212,028,191 254,348,710
Cost of shares redeemed (6,749,879) (6,002) (85,181,558) (6,265)
---------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 53,870,770 79,933,215 126,846,633 254,342,445
===========================================================================================================================
Net Increase in Net Assets 66,179,373 87,563,814 156,490,193 278,738,436
===========================================================================================================================
NET ASSETS:
Beginning of period $ 87,568,814 $ 5,000 $ 278,743,436 $ 5,000
End of period $153,748,187 $87,568,814 $ 435,233,629 $278,743,436
===========================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 2,815,918 $ 439,641 $ 10,312,165 $ 1,387,261
===========================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 1,400,000 - 4,200,000 -
Shares created 900,000 1,400,100 3,000,000 4,200,100
Shares redeemed (100,000) (100) (1,200,000) (100)
---------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 2,200,000 1,400,000 6,000,000 4,200,000
===========================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
100 WisdomTree International Dividend Funds
Statements of Changes in Net Assets (concluded)
WisdomTree International Dividend Funds
----------------------------------------------------------------------------------------
WisdomTree
International
MidCap Dividend Fund
----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, June 16, 2006*
2007 through
(unaudited) March 31, 2007
----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 4,765,431 $ 1,005,567
Net realized gain on investments and foreign
currency related transactions 13,045,536 586,134
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies (8,326,566) 12,197,254
----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 9,484,401 13,788,955
========================================================================================
DIVIDENDS:
Net investment income - (338,186)
----------------------------------------------------------------------------------------
Total dividends - (338,186)
========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 200,198,782 161,955,739
Cost of shares redeemed (97,777,214) (6,522,159)
----------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 102,421,568 155,433,580
========================================================================================
Net Increase in Net Assets 111,905,969 168,884,349
========================================================================================
NET ASSETS:
Beginning of period $ 168,889,349 $ 5,000
End of period $ 280,795,318 $168,889,349
========================================================================================
Undistributed net investment income included in
net assets at end of period $ 5,448,104 $ 682,673
========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 2,500,000 -
Shares created 2,800,000 2,600,100
Shares redeemed (1,400,000) (100,100)
----------------------------------------------------------------------------------------
Shares outstanding, end of period 3,900,000 2,500,000
========================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree
WisdomTree WisdomTree Emerging Markets
International International High-Yielding
SmallCap Dividend Fund Real Estate Fund Equity Fund
----------------------------------------------------------------------------------------------------------------------------
For the Period For the Period
For the June 5, 2007* July 13, 2007*
Six Months Ended For the Period through through
September 30, June 16, 2006* September 30, September 30,
2007 through 2007 2007
(unaudited) March 31, 2007 (unaudited) (unaudited)
----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 8,184,283 $ 2,285,134 $ 395,075 $ 594,354
Net realized gain on investments and foreign
currency related transactions 14,267,203 1,288,176 63,527 24,462
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies (21,103,065) 21,759,743 2,305,779 2,901,613
----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 1,348,421 25,333,053 2,764,381 3,520,429
============================================================================================================================
DIVIDENDS:
Net investment income - (409,690) - -
----------------------------------------------------------------------------------------------------------------------------
Total dividends - (409,690) - -
============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 307,037,282 286,349,327 50,072,527 79,563,757
Cost of shares redeemed (50,062,744) (12,962,194) - -
----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 256,974,538 273,387,133 50,072,527 79,563,757
============================================================================================================================
Net Increase in Net Assets 258,322,959 298,310,496 52,836,908 83,084,186
============================================================================================================================
NET ASSETS:
Beginning of period $ 298,315,496 $ 5,000 $ 100 $ 100
End of period $ 556,638,455 $ 298,315,496 $52,837,008 $83,084,286
============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 10,050,300 $ 1,866,017 $ 395,075 $ 594,354
============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 4,400,000 - - -
Shares created 4,300,000 4,600,100 1,000,002 1,600,002
Shares redeemed (700,000) (200,100) - -
----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 8,000,000 4,400,000 1,000,002 1,600,002
============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 101
Financial Highlights
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-----------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree DEFA Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
Net asset value, beginning of period $ 64.15 $ 49.94
-----------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.17 0.86
Net realized and unrealized gain 5.65 13.58
-----------------------------------------------------------------------------------------
Total from investment operations 6.82 14.44
-----------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.21)
Capital gains - (0.02)
-----------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.23)
-----------------------------------------------------------------------------------------
Net asset value, end of period $ 70.97 $ 64.15
=========================================================================================
TOTAL RETURN(3) 10.63% 28.94%
-----------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $301,623 $128,303
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.48%(4) 0.48%(4)
Expenses, prior to expense reimbursements/waivers 0.48%(4) 0.51%(4)
Net investment income 3.53%(4) 1.97%(4)
-----------------------------------------------------------------------------------------
Portfolio turnover rate(5) 5% 11%
=========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree DEFA High-Yielding Equity Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 63.62 $ 49.77
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.47 1.19
Net realized and unrealized gain 4.08 12.94
-------------------------------------------------------------------------------------------
Total from investment operations 5.55 14.13
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.28)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.28)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 69.17 $ 63.62
===========================================================================================
TOTAL RETURN(3) 8.72% 28.41%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $269,758 $184,498
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.61%(4)
Net investment income 4.37%(4) 2.71%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 9% 19%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
102 WisdomTree International Dividend Funds
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Europe Total Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 63.64 $ 49.95
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.18 0.73
Net realized and unrealized gain 4.79 13.17
-------------------------------------------------------------------------------------------
Total from investment operations 5.97 13.90
-------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.21)
Capital gains - (0.00)(6)
-------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.21)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 69.61 $ 63.64
===========================================================================================
TOTAL RETURN(3) 9.38% 27.84%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 55,690 $ 38,185
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.48%(4) 0.48%(4)
Expenses, prior to expense reimbursements/waivers 0.48%(4) 0.58%(4)
Net investment income 3.50%(4) 1.71%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 8% 24%
===========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Europe High-Yielding Equity Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 63.15 $ 49.83
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.51 1.09
Net realized and unrealized gain 3.36 12.55
-------------------------------------------------------------------------------------------
Total from investment operations 4.87 13.64
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.32)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.32)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 68.02 $ 63.15
===========================================================================================
TOTAL RETURN(3) 7.71% 27.39%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 54,417 $ 50,520
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.65%(4)
Net investment income 4.56%(4) 2.44%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 14% 24%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount is less than $0.005.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 103
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Europe SmallCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 70.15 $ 50.42
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.57 1.31
Net realized and unrealized gain (loss) (1.91) 18.89
-------------------------------------------------------------------------------------------
Total from investment operations (0.34) 20.20
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.47)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.47)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 69.81 $ 70.15
===========================================================================================
TOTAL RETURN(3) (0.48)% 40.14%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 97,731 $147,316
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.62%(4)
Net investment income 4.23%(4) 2.99%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 10% 47%
===========================================================================================
-----------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Japan Total Dividend Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------
Net asset value, beginning of period $ 57.00 $ 50.32
-----------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.22 0.56
Net realized and unrealized gain (loss) (1.99) 6.33
-----------------------------------------------------------------------------------
Total from investment operations (1.77) 6.89
-----------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.21)
-----------------------------------------------------------------------------------
Total dividends to shareholders - (0.21)
-----------------------------------------------------------------------------------
Net asset value, end of period $ 55.23 $ 57.00
===================================================================================
TOTAL RETURN(3) (3.11)% 13.71%
-----------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 44,180 $ 51,301
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4) 0.48%(4)
Expenses, prior to expense reimbursements 0.48%(4) 0.54%(4)
Net investment income 0.80%(4) 1.40%(4)
-----------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 6%
===================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
104 WisdomTree International Dividend Funds
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-----------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Japan High-Yielding Equity Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------
Net asset value, beginning of period $ 59.42 $ 50.14
-----------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.25 1.18
Net realized and unrealized gain (loss) (3.66) 8.44
-----------------------------------------------------------------------------------
Total from investment operations (3.41) 9.62
-----------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.34)
-----------------------------------------------------------------------------------
Total dividends to shareholders - (0.34)
-----------------------------------------------------------------------------------
Net asset value, end of period $ 56.01 $ 59.42
===================================================================================
TOTAL RETURN(3) (5.74)% 19.22%
-----------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 44,808 $ 95,069
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.64%(4)
Net investment income 0.86%(4) 3.00%(4)
-----------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6) 6%
===================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Japan SmallCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 52.33 $ 50.69
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.20 0.95
Net realized and unrealized gain (loss) (2.79) 0.74
-------------------------------------------------------------------------------------------
Total from investment operations (2.59) 1.69
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.05)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.05)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 49.74 $ 52.33
===========================================================================================
TOTAL RETURN(3) (4.95)% 3.34%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 79,579 $ 99,419
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.64%(4)
Net investment income 0.80%(4) 2.75%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 25%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 105
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
----------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Pacific ex-Japan Total Dividend Fund (unaudited) March 31, 2007
----------------------------------------------------------------------------------------
Net asset value, beginning of period $ 67.57 $ 49.71
----------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.53 1.40
Net realized and unrealized gain 14.96 16.85
----------------------------------------------------------------------------------------
Total from investment operations 16.49 18.25
----------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.39)
----------------------------------------------------------------------------------------
Total dividends to shareholders - (0.39)
----------------------------------------------------------------------------------------
Net asset value, end of period $ 84.06 $ 67.57
========================================================================================
TOTAL RETURN(3) 24.40% 36.80%
----------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $218,558 $ 74,329
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4) 0.48%(4)
Expenses, prior to expense reimbursements 0.48%(4) 0.54%(4)
Net investment income 4.34%(4) 3.31%(4)
----------------------------------------------------------------------------------------
Portfolio turnover rate(5) 5% 21%
========================================================================================
----------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree Pacific ex-Japan High-Yielding Equity Fund (unaudited) March 31, 2007
----------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 67.08 $ 49.02
----------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.47 2.18
Net realized and unrealized gain 8.40 16.40
----------------------------------------------------------------------------------------------
Total from investment operations 9.87 18.58
----------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.52)
----------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.52)
----------------------------------------------------------------------------------------------
Net asset value, end of period $ 76.95 $ 67.08
==============================================================================================
TOTAL RETURN(3) 14.71% 38.02%
----------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $100,030 $ 87,205
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.63%(4)
Net investment income 4.00%(4) 5.11%(4)
----------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 8% 7%
==============================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
106 WisdomTree International Dividend Funds
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree International LargeCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 62.55 $ 49.86
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.26 0.85
Net realized and unrealized gain 6.08 12.14
-------------------------------------------------------------------------------------------
Total from investment operations 7.34 12.99
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.30)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.30)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 69.89 $ 62.55
===========================================================================================
TOTAL RETURN(3) 11.73% 26.08%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $153,748 $ 87,569
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.48%(4) 0.48%(4)
Expenses, prior to expense reimbursements/waivers 0.48%(4) 0.52%(4)
Net investment income 3.75%(4) 1.99%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 8%
===========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree International Dividend Top 100 Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 66.37 $ 49.77
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.67 1.03
Net realized and unrealized gain 4.50 15.80
-------------------------------------------------------------------------------------------
Total from investment operations 6.17 16.83
-------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.22)
Capital gains - (0.01)
-------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.23)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 72.54 $ 66.37
===========================================================================================
TOTAL RETURN(3) 9.30% 33.83%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $435,234 $278,743
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.60%(4)
Net investment income 4.73%(4) 2.30%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 17% 8%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
WisdomTree International Dividend Funds 107
Financial Highlights (continued)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree International MidCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 67.56 $ 50.13
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.26 1.08
Net realized and unrealized gain 3.18 16.73
-------------------------------------------------------------------------------------------
Total from investment operations 4.44 17.81
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.38)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.38)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 72.00 $ 67.56
===========================================================================================
TOTAL RETURN(3) 6.57% 35.57%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $280,795 $168,889
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.61%(4)
Net investment income 3.50%(4) 2.53%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 7% 44%
===========================================================================================
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended June 16, 2006(1)
September 30, 2007 Through
WisdomTree International SmallCap Dividend Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 67.80 $ 50.35
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 1.17 1.43
Net realized and unrealized gain 0.61 16.28
-------------------------------------------------------------------------------------------
Total from investment operations 1.78 17.71
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.26)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.26)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 69.58 $ 67.80
===========================================================================================
TOTAL RETURN(3) 2.63% 35.21%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $556,638 $298,315
Ratio to average net assets of:
Expenses, net of expense reimbursements/waivers 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements/waivers 0.58%(4) 0.60%(4)
Net investment income 3.26%(4) 3.33%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 10% 39%
===========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed/waived by the investment advisor
(Note 3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
108 WisdomTree International Dividend Funds
Financial Highlights (concluded)
WisdomTree International Dividend Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
For the Period
June 5, 2007(1)
Through
September 30, 2007
WisdomTree International Real Estate Fund (unaudited)
---------------------------------------------------------------
Net asset value, beginning of period $ 51.89
---------------------------------------------------------------
Investment operations:
Net investment income(2) 0.52
Net realized and unrealized gain 0.43
---------------------------------------------------------------
Total from investment operations 0.95
---------------------------------------------------------------
Net asset value, end of period $ 52.84
===============================================================
TOTAL RETURN(3) 1.83%
---------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 52,837
Ratio to average net assets of:
Net expenses 0.58%(4)
Net investment income 3.31%(4)
---------------------------------------------------------------
Portfolio turnover rate(5) 9%
===============================================================
For the Period
July 13, 2007(1)
Through
September 30, 2007
WisdomTree Emerging Markets High-Yielding Equity Fund (unaudited)
---------------------------------------------------------------------------
Net asset value, beginning of period $ 50.68
---------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.46
Net realized and unrealized gain 0.79
---------------------------------------------------------------------------
Total from investment operations 1.25
---------------------------------------------------------------------------
Net asset value, end of period $ 51.93
===========================================================================
TOTAL RETURN(3) 2.47%
---------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 83,084
Ratio to average net assets of:
Net expenses 0.63%(4)
Net investment income 5.21%(4)
---------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6)
===========================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized.
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%
See Notes to Financial Statements.
WisdomTree International Dividend Funds 109
Notes to Financial Statements (unaudited)
1. ORGANIZATION
WisdomTree Trust (the "Trust") is registered under the Investment Company Act of
1940, as amended (the "1940 Act"), as an open-end management investment company.
The Trust was established as a Delaware statutory trust pursuant to a Trust
Instrument dated December 15, 2005. As of September 30, 2007, the Trust offered
38 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006, with the exception of the international dividend sector funds, domestic
earnings funds, International Real Estate Fund and Emerging Markets
High-Yielding Equity Fund that commenced operations on October 13, 2006,
February 23, 2007, June 5, 2007 and July 13, 2007, respectively.
These financial statements relate only to the WisdomTree DEFA Fund ("DEFA
Fund"), WisdomTree DEFA High-Yielding Equity Fund ("DEFA High-Yielding Equity
Fund"), WisdomTree Europe Total Dividend Fund ("Europe Total Dividend Fund"),
WisdomTree Europe High-Yielding Equity Fund ("Europe High-Yielding Equity
Fund"), WisdomTree Europe SmallCap Dividend Fund ("Europe SmallCap Dividend
Fund"), WisdomTree Japan Total Dividend Fund ("Japan Total Dividend Fund"),
WisdomTree Japan High-Yielding Equity Fund ("Japan High-Yielding Equity Fund"),
WisdomTree Japan SmallCap Dividend Fund ("Japan SmallCap Dividend Fund"),
WisdomTree Pacific ex-Japan Total Dividend Fund ("Pacific ex-Japan Total
Dividend Fund"), WisdomTree Pacific ex-Japan High-Yielding Equity Fund ("Pacific
ex-Japan High-Yielding Equity Fund"), WisdomTree International LargeCap Dividend
Fund ("International LargeCap Dividend Fund"), WisdomTree International Dividend
Top 100 Fund ("International Dividend Top 100 Fund"), WisdomTree International
MidCap Dividend Fund ("International MidCap Dividend Fund"), WisdomTree
International SmallCap Dividend Fund ("International SmallCap Dividend Fund"),
WisdomTree International Real Estate Fund ("International Real Estate Fund") and
WisdomTree Emerging Markets High-Yielding Equity Fund ("Emerging Markets
High-Yielding Equity Fund"), together the "International Dividend Funds".
Each Fund seeks investment returns that closely correspond to the price and
yield performance, before fees and expenses, of a particular index ("Index")
developed by WisdomTree Investments, Inc. ("WisdomTree Investments"). Each Index
consists of dividend paying securities in the market suggested by its name that
meet specific criteria developed by WisdomTree Investments. "WisdomTree",
"WisdomTree Investments", WisdomTree DEFA", and "International Dividend Top 100"
are service marks of WisdomTree Investments licensed for use by the Trust.
WisdomTree Investments has patent applications pending on the methodology and
operation of its Indexes and the Funds.
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.
The preparation of financial statements in conformity with U.S. Generally
Accepted Accounting Principles ("U.S. GAAP"), requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of increases and decreases in
the net assets from operations during the reporting period. Actual results could
differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Investment Valuation - The Net Asset Value ("NAV") of each Fund's shares is
calculated each day the national securities exchanges are open for trading as of
the close of regular trading on the New York Stock Exchange, generally 4:00 p.m.
New York time. NAV per share is calculated by dividing a Fund's net assets by
the number of Fund shares outstanding. Securities traded on any recognized U.S.
or non-U.S. exchange are valued at the last sale price or official closing price
on the exchange or system on which they are principally traded. Events occurring
after the close of trading on non-U.S. exchanges may result in adjustments to
the valuation of foreign securities to more accurately reflect their fair value
as of the close of regular trading on the New York Stock Exchange. The Fund may
rely on an independent fair valuation service in adjusting the valuations of
foreign securities. Unlisted equity securities are valued at the last quoted
sale price or, if no sale price is available, at the mean between the most
recently quoted bid and asked 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 current market value.
(b) Investment Transactions - Investment transactions are recorded as of the
date that the securities are purchased or sold (trade date). Realized gains and
losses on sales of portfolio securities are calculated using the identified-cost
method.
(c) Foreign Currency Translation - The accounting records of the Funds are
maintained in U.S. dollars. Foreign currencies, as well as investment securities
and other assets and liabilities denominated in foreign currencies are
translated into U.S. dollars using exchange rates deemed appropriate by the
investment adviser. Realized and unrealized foreign exchange gains or losses on
investments are included as a component of net realized and unrealized gain or
loss on foreign currency transactions in the
110 WisdomTree International Dividend Funds
Notes to Financial Statements (unaudited) (continued)
Statements of Operations. Certain foreign exchange gains and losses included in
realized and unrealized gains or losses are included in, or are a reduction of
ordinary income in accordance with U.S. Federal income tax regulations.
(d) Investment Income - Dividend income is recognized on the ex-dividend date,
net of any foreign taxes withheld. Interest income is accrued daily. The value
of additional securities received as dividend payments is recorded as income and
as an increase to the cost basis of such securities.
(e) Expenses/Reimbursements - WisdomTree Asset Management, Inc. ("WTAM") has
agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and
other expenses (such as stamp taxes) connected with the execution of portfolio
transactions or in connection with creation and redemption transactions; (ii)
legal fees or expenses in connection with any arbitration, litigation or pending
or threatened arbitration or litigation, including any settlements in connection
therewith; (iii) compensation and expenses of each Independent Trustee; (iv)
compensation and expenses of counsel to the Independent Trustees; (v)
compensation and expenses of the Trust's chief compliance officer; (vi)
extraordinary expenses; (vii) distribution fees and expenses paid by the Trust
under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act;
and (viii) the advisory fee payable to WTAM. Pursuant to a separate contractual
arrangement, WTAM has paid the expenses described in (iii), (iv) and (v) through
July 31, 2007.
(f) Security Lending - Each Fund may lend portfolio securities to certain
creditworthy borrowers, including the Funds' securities lending agent. The loans
are collateralized at all times by cash and/or high grade debt obligations in an
amount at least equal to 102% of the market value of domestic securities loaned
(105% in the case of foreign securities loaned) as determined at the close of
business on the preceding business day. Each Fund receives compensation for
lending its securities from interest or dividends earned on the cash or U.S.
government securities held as collateral, net of fee rebates paid to the
borrower plus reasonable administrative and custody fees. The dividend and
interest income earned on the securities loaned is accounted for in the same
manner as other dividend and interest income. The borrower pays to the Funds an
amount equal to any dividends or interest received on loaned securities. The
Funds retain all or a portion of the interest received on investment of cash
collateral or receives a fee from the borrower. Lending portfolio securities
could result in a loss or delay in recovering each Fund's securities if the
borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements
of Operations.
(g) Tax Information and Dividends and Distributions to Shareholders - It is each
Fund's policy to comply with all requirements of the Internal Revenue Code of
1986, as amended ("the Code"). Each Fund intends to qualify for and to elect
treatment as a separate Regulated Investment Company ("RIC") under Subchapter M
of the Code. It is the policy of each Fund to pay out dividends, if any, to
investors at least annually. Taxable net realized gains from investment
transactions, reduced by capital loss carryforwards, if any, are declared and
distributed to shareholders at least annually. The capital loss carryforward
amount, if any, is available to offset future net capital gains. The Funds may
occasionally be required to make supplemental distributions at some other time
during the year. The Trust reserves the right to declare special distributions
if, in its reasonable discretion, such action is necessary or advisable to
preserve the status of each Fund as a RIC or to avoid imposition of income or
excise taxes on undistributed income. Dividends and distributions to
shareholders are recorded on the ex-dividend date. The amount of dividends and
distributions from net investment income and net realized capital gains are
determined in accordance with Federal income tax regulations which may differ
from U.S. GAAP. These book/tax differences are either considered temporary or
permanent in nature. To the extent these differences are permanent in nature,
such amounts are reclassified within the components of net assets based on their
federal tax basis treatment; temporary differences do not require
reclassification. Dividends and distributions, which exceed earnings and profit
for tax purposes, are reported as a tax return of capital.
The Funds adopted the provisions of Financial Accounting Standards Board (FASB)
Interpretation No. 48, Accounting for Uncertainty in Income Taxes. This
interpretation prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected to be taken in a
tax return. Foreign taxes are provided for based on each Fund's understanding of
the tax rules and rates that exist in the foreign markets in which it invests.
Taxes are accrued and applied to net investment income, net realized capital
gains and net unrealized appreciation, as applicable, as the income is earned or
capital gains are recorded. 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. Management has evaluated
the application of FIN 48 to the Funds, and has determined that there is no
impact resulting from the adoption of this interpretation on the Funds'
financial statements.
(h) Short-Term Investments - Each Fund may invest a portion of its assets in
high-quality money market instruments on an ongoing basis to provide liquidity
or for other reasons. The instruments in which a Fund may invest include
short-term obligations issued by the U.S. Government, negotiable certificates of
deposit ("CDs"), fixed time deposits and bankers' acceptances of U.S. and
WisdomTree International Dividend Funds 111
Notes to Financial Statements (unaudited) (continued)
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.
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees - WTAM provides investment management services to each Fund
pursuant to an Investment Advisory Agreement between the Trust and WTAM. As
compensation for services rendered, facilities furnished, and expenses borne by
WTAM, each Fund pays WTAM a fee, as listed below, which is accrued daily and
paid monthly, based on the average daily net assets of the Fund.
--------------------------------------------------------
Fund Fee Rate
--------------------------------------------------------
DEFA Fund 0.48%
--------------------------------------------------------
DEFA High-Yielding Equity Fund 0.58%
-------------------------------------------------------
Europe Total Dividend Fund 0.48%
-------------------------------------------------------
Europe High-Yielding Equity Fund 0.58%
-------------------------------------------------------
Europe SmallCap Dividend Fund 0.58%
-------------------------------------------------------
Japan Total Dividend Fund 0.48%
-------------------------------------------------------
Japan High-Yielding Equity Fund 0.58%
-------------------------------------------------------
Japan SmallCap Dividend Fund 0.58%
-------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 0.48%
-------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 0.58%
-------------------------------------------------------
International LargeCap Dividend Fund 0.48%
-------------------------------------------------------
International Dividend Top 100 Fund 0.58%
-------------------------------------------------------
International MidCap Dividend Fund 0.58%
-------------------------------------------------------
International SmallCap Dividend Fund 0.58%
-------------------------------------------------------
International Real Estate Fund 0.58%
-------------------------------------------------------
Emerging Markets High-Yielding Equity Fund 0.63%
-------------------------------------------------------
Each Fund may purchase shares of an affiliated exchange traded fund(s) in
secondary market transactions. For the period ended September 30, 2007, there
were no transactions in affiliated ETFs.
Pursuant to a separate contractual arrangement, effective August 1, 2007, WTAM
has arranged for the provision of chief compliance officer ("CCO") services to
the Trust, 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 paid by each Fund of up to 0.0044% of the Fund's average
daily net assets.
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2007, there was an unlimited number of $0.001 par value
shares of beneficial interest authorized by the Trust. Shares are issued and
redeemed by each Fund only in Creation Units or multiples thereof. Except when
aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in shares for each Fund are disclosed in detail in the Statements
of Changes in Net Assets. The consideration for the purchase of Creation Units
of a Fund generally consist of the in-kind contribution of a designated
portfolio of equity securities constituting a portfolio sampling representation
of the securities included in the relevant Fund's underlying index and an amount
of cash. 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.
112 WisdomTree International Dividend Funds
Notes to Financial Statements (unaudited) (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions
and short-term investments) for the six months ended September 30, 2007 were as
follows:
-----------------------------------------------------------------------------
Fund Purchases Sales
-----------------------------------------------------------------------------
DEFA Fund $ 13,620,349 $ 11,466,769
-----------------------------------------------------------------------------
DEFA High-Yielding Equity Fund 26,026,738 22,604,225
-----------------------------------------------------------------------------
Europe Total Dividend Fund 4,861,837 3,775,927
-----------------------------------------------------------------------------
Europe High-Yielding Equity Fund 10,975,026 7,241,718
-----------------------------------------------------------------------------
Europe SmallCap Dividend Fund 16,703,620 12,942,549
-----------------------------------------------------------------------------
Japan Total Dividend Fund 256,914 500,526
-----------------------------------------------------------------------------
Japan High-Yielding Equity Fund 289,016 13,148,407
-----------------------------------------------------------------------------
Japan SmallCap Dividend Fund 834,285 1,358,201
-----------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 10,812,303 6,898,576
-----------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 13,473,756 9,153,558
-----------------------------------------------------------------------------
International LargeCap Dividend Fund 3,965,919 1,664,357
-----------------------------------------------------------------------------
International Dividend Top 100 Fund 68,983,995 61,920,814
-----------------------------------------------------------------------------
International MidCap Dividend Fund 33,874,323 19,323,042
-----------------------------------------------------------------------------
International SmallCap Dividend Fund 66,409,972 50,875,297
-----------------------------------------------------------------------------
International Real Estate Fund 3,841,394 3,474,059
-----------------------------------------------------------------------------
Emerging Markets High-Yielding Equity Fund 49,530,768 222,928
-----------------------------------------------------------------------------
For the six months ended September 30, 2007, the cost of in-kind purchases and
the proceeds from in-kind redemptions were as follows:
------------------------------------------------------------------------------
Fund Purchases Redemptions
------------------------------------------------------------------------------
DEFA Fund $ 165,669,520 $ 11,148,495
------------------------------------------------------------------------------
DEFA High-Yielding Equity Fund 104,709,355 35,858,515
------------------------------------------------------------------------------
Europe Total Dividend Fund 16,107,878 2,920,889
------------------------------------------------------------------------------
Europe High-Yielding Equity Fund 12,503,427 15,011,207
------------------------------------------------------------------------------
Europe SmallCap Dividend Fund 54,123,827 104,544,676
------------------------------------------------------------------------------
Japan Total Dividend Fund 3,204,809 8,051,295
------------------------------------------------------------------------------
Japan High-Yielding Equity Fund 35,478,933 67,580,389
------------------------------------------------------------------------------
Japan SmallCap Dividend Fund 13,685,974 27,383,780
------------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 111,228,707 4,687,174
------------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 44,237,896 45,669,450
------------------------------------------------------------------------------
International LargeCap Dividend Fund 59,253,352 6,224,767
------------------------------------------------------------------------------
International Dividend Top 100 Fund 207,984,529 81,743,885
------------------------------------------------------------------------------
International MidCap Dividend Fund 197,991,352 106,377,599
------------------------------------------------------------------------------
International SmallCap Dividend Fund 358,811,507 109,577,147
------------------------------------------------------------------------------
International Real Estate Fund 49,896,569 -
------------------------------------------------------------------------------
Emerging Markets High-Yielding Equity Fund 30,442,096 6,875
------------------------------------------------------------------------------
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
WisdomTree International Dividend Funds 113
Notes to Financial Statements (unaudited) (concluded)
6. FEDERAL INCOME TAXES
At September 30, 2007, the cost of investments (including securities on loan)
for Federal income tax purposes was substantially the same as for book purposes,
as indicated below:
-------------------------------------------------------------------------------------------------------------------
Net Unrealized
Gross Unrealized Gross Unrealized Appreciation
Fund Tax Cost Appreciation Depreciation (Depreciation)
-------------------------------------------------------------------------------------------------------------------
DEFA Fund $289,676,307 $29,095,273 $ (5,724,003) $ 23,371,270
-------------------------------------------------------------------------------------------------------------------
DEFA High-Yielding Equity Fund 266,770,580 23,357,344 (6,774,455) 16,582,889
-------------------------------------------------------------------------------------------------------------------
Europe Total Dividend Fund 50,546,819 6,486,685 (961,231) 5,525,454
-------------------------------------------------------------------------------------------------------------------
Europe High-Yielding Equity Fund 49,871,718 5,394,059 (758,419) 4,635,640
-------------------------------------------------------------------------------------------------------------------
Europe SmallCap Dividend Fund 105,581,956 5,225,663 (8,919,481) (3,693,818)
-------------------------------------------------------------------------------------------------------------------
Japan Total Dividend Fund 43,907,233 3,491,935 (3,137,970) 353,965
-------------------------------------------------------------------------------------------------------------------
Japan High-Yielding Equity Fund 51,160,011 1,088,144 (5,726,887) (4,638,743)
-------------------------------------------------------------------------------------------------------------------
Japan SmallCap Dividend Fund 95,252,082 3,516,379 (8,678,213) (5,161,834)
-------------------------------------------------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 208,233,970 36,712,712 (226,833) 36,485,879
-------------------------------------------------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 107,296,855 10,596,496 (807,810) 9,788,686
-------------------------------------------------------------------------------------------------------------------
International LargeCap Dividend Fund 138,527,074 18,764,156 (2,665,307) 16,098,849
-------------------------------------------------------------------------------------------------------------------
International Dividend Top 100 Fund 425,749,929 37,296,872 (8,278,297) 29,018,575
-------------------------------------------------------------------------------------------------------------------
International MidCap Dividend Fund 305,589,433 20,187,944 (16,348,096) 3,839,848
-------------------------------------------------------------------------------------------------------------------
International SmallCap Dividend Fund 685,275,451 37,154,558 (36,557,693) 596,865
-------------------------------------------------------------------------------------------------------------------
International Real Estate Fund 52,010,869 3,783,239 (1,479,981) 2,303,258
-------------------------------------------------------------------------------------------------------------------
Emerging Markets High-Yielding Equity Fund 79,731,064 4,218,571 (1,319,222) 2,899,349
-------------------------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On September 15, 2006, the FASB released Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("FAS 157") which provides enhanced
guidance for measuring fair value. The standard requires companies to provide
expanded information about the assets and liabilities measured at fair value and
the potential effect of these fair valuations on an entity's financial
performance. The standard does not expand the use of fair value in any new
circumstances, but provides clarification on acceptable fair valuation methods
and applications. Adoption of FAS 157 is required for fiscal years beginning
after November 15, 2007 and interim periods within those fiscal years. At this
time, management does not believe the adoption of FAS 157 will impact the
amounts reported in the financial statements; however, additional disclosures
will be required about the inputs used to develop the measurements of fair value
and the effect of certain measurements reported in the Statements of Operations
for the fiscal period.
8. SUBSEQUENT EVENT
Effective October 30, 2007, the Trust launched the WisdomTree Emerging Markets
SmallCap Dividend Fund (DGS). The Fund has an expense ratio of 0.63%.
114 WisdomTree International Dividend Funds
Approval of Investment Advisory Agreement and Sub-Advisory Agreement
(unaudited)
The Board of Trustees of the Trust, including a majority of the Independent
Trustees, has the responsibility under the 1940 Act to approve the Trust's
Investment Advisory Agreement and Sub-Advisory Agreement (collectively, the
"Investment Advisory Agreements"). In addition, the Trust's Board of Trustees
will receive, review and evaluate information concerning the services and
personnel of the Investment Adviser and the Sub-Adviser at each quarterly
meeting of the Board of Trustees. While particular emphasis will be placed on
information concerning profitability, comparability of fees and total expenses,
and the Trust's investment performance at any future meeting at which a renewal
of the Investment Advisory Agreements is considered, the process of evaluating
the Investment Adviser and the Sub-Adviser and the Trust's investment
arrangements is an ongoing one. In this regard, the Board's consideration of the
nature, extent and quality of the services to be provided by the Investment
Adviser and the Sub-Adviser under the Investment Advisory Agreements will
include deliberations at future quarterly meetings.
Approval of Investment Advisory Agreement. The Trust and the Investment Adviser
have entered into an investment advisory agreement (the "Advisory Agreement").
At meetings held on June 11, 2007 with respect to the Emerging Markets
High-Yielding Equity Fund and September 17, 2007 with respect to Emerging
Markets SmallCap Dividend Fund, the Board of Trustees, including a majority of
the Independent Trustees, approved the Investment Advisory Agreement with
WisdomTree Asset Management ("WTAM") with respect to the Funds. In approving the
Advisory Agreement with WTAM, the Board reviewed and analyzed the factors it
deemed relevant, including: (i) the nature, quality and extent of the services
to be provided to the Funds by WTAM; (ii) WTAM's personnel and operations; (iii)
WTAM's financial condition; (iv) the level and method of computing each Fund's
advisory fee; (v) "fall-out" benefits to WTAM and its affiliates (i.e.,
ancillary benefits that may be realized by WTAM or its affiliates from WTAM's
relationship with the Funds); (vi) the anticipated effect of growth and size on
each Fund's performance and expenses; and (vii) possible conflicts of interest.
The Board also considered the nature and quality of the services to be provided
by WTAM to the Funds, recognizing WTAM's operational capabilities and resources.
The Board also noted the extensive responsibilities that WTAM has as investment
adviser to the Funds, including the selection of the Funds' sub-adviser and
oversight of the sub-adviser's compliance with Fund policies and objectives,
oversight of general Fund compliance with federal and state laws, and the
implementation of Board directives as they relate to the Funds.
The Board gave substantial consideration to the fees payable under the Advisory
Agreement. In this connection, the Board evaluated the personnel, systems and
equipment necessary to manage the Funds and the costs associated with
compensating the sub-adviser. The Board also examined the fees to be paid by
each Fund in light of fees paid to other investment managers by comparable funds
and the method of computing each Fund's fee. After comparing the fees with those
of comparable funds and in light of the quality and extent of services to be
provided and the costs anticipated to be incurred by WTAM, the Board concluded
that the level of the fees paid to WTAM with respect to each Fund is fair and
reasonable.
The Board also approved the Sub-Advisory Agreement with the sub-adviser to the
Funds, BNY Investment Advisors ("BNYIA"), using essentially the same criteria it
used for WTAM. The Board considered BNYIA's operational capabilities and
resources and BNYIA's experience in serving as an adviser to ETFs, noting that
BNYIA currently provides investment advisory and management services to other
ETFs. The Board also evaluated the performance of comparable funds managed by
BNYIA in comparison to a peer group, and the expertise and performance of the
BNYIA personnel. The Board also noted that Bank of New York Mellon ("BNY"), an
affiliate of BNYIA, was proposed to serve as the Funds' administrator,
accountant, custodian and transfer agent and will receive compensation for
acting in these capacities and will be responsible for, among other things,
coordinating the Funds' audits, financial statements and tax returns, managing
expenses and budgeting for the Funds, processing trades on behalf of each Fund
and custodying Fund assets. As such, the Board concluded that the benefits
accruing to BNYIA and its affiliates by virtue of their relationship to the
Trust are reasonable and fair in comparison with the anticipated costs of
providing the relevant services. The Board noted that WTAM, not the Funds, pays
the fees to BNYIA under the Sub-Advisory Agreement.
Based on these considerations and the overall high quality of the personnel,
operations, financial condition, investment advisory capabilities,
methodologies, and performance of WTAM and BNYIA, the Board determined that the
approval of the Advisory Agreement and the Sub-Advisory Agreement was in the
best interests of each Fund. After full consideration of these and other
factors, the Board, including a majority of the Independent Trustees, with the
assistance of independent counsel, approved the Advisory Agreement and
Sub-Advisory Agreement.
WisdomTree International Dividend Funds 115
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net
asset value ("NAV") of each Fund and the market trading price of shares of each
Fund. For these purposes, the "market price" is the mid-point of the highest bid
and lowest offer for Fund shares as of the close of trading on the exchange
where Fund shares are listed. The term "premium" is sometimes used to describe a
market price in excess of NAV and the term "discount" is sometimes used to
describe a market price below NAV. The chart presents information about the size
and frequency of premiums or discounts. As with other exchange traded funds, the
market price of Fund shares is typically slightly higher or lower than the
Fund's per share NAV. Factors that contribute to the differences between market
price and NAV include the supply and demand for Fund shares and investors'
assessments of the underlying value of a Fund's portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may
contribute to differences between the NAV and market price of Fund shares. Many
non-U.S. markets close prior to the close of the U.S. securities exchanges.
Developments after the close of such markets as a result of ongoing price
discovery may be reflected in a Fund's market price but not in its NAV (or vice
versa).
-----------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
-----------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage
Differential of Days Total Days of Days of Total Days
-----------------------------------------------------------------------------------------------------------
WisdomTree DEFA Fund
April 1, 2007 - September 30, 2007 0 - 24.9 17 13.49% 10 7.94%
---------------------------------------------------------------
25 - 49.9 40 31.74% 5 3.97%
---------------------------------------------------------------
50 - 74.9 21 16.67% 4 3.17%
---------------------------------------------------------------
75 - 100.0 10 7.94% 4 3.17%
---------------------------------------------------------------
>100.0 10 7.94% 5 3.97%
---------------------------------------------------------------
Total 98 77.78% 28 22.22%
===========================================================================================================
WisdomTree DEFA High-Yielding Equity Fund
April 1, 2007 - September 30, 2007 0 - 24.9 21 16.67% 14 11.11%
---------------------------------------------------------------
25 - 49.9 31 24.60% 8 6.35%
---------------------------------------------------------------
50 - 74.9 18 14.29% 3 2.38%
---------------------------------------------------------------
75 - 100.0 7 5.56% 6 4.76%
---------------------------------------------------------------
>100.0 12 9.52% 6 4.76%
---------------------------------------------------------------
Total 89 70.64% 37 29.36%
===========================================================================================================
WisdomTree Europe Total Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 28 22.22% 20 15.87%
---------------------------------------------------------------
25 - 49.9 26 20.64% 13 10.32%
---------------------------------------------------------------
50 - 74.9 11 8.73% 3 2.38%
---------------------------------------------------------------
75 - 100.0 6 4.76% 5 3.97%
---------------------------------------------------------------
>100.0 11 8.73% 3 2.38%
---------------------------------------------------------------
Total 82 65.08% 44 34.92%
===========================================================================================================
WisdomTree Europe High-Yielding Equity Fund
April 1, 2007 - September 30, 2007 0 - 24.9 24 19.05% 25 19.84%
---------------------------------------------------------------
25 - 49.9 25 19.83% 11 8.73%
---------------------------------------------------------------
50 - 74.9 10 7.94% 4 3.17%
---------------------------------------------------------------
75 - 100.0 10 7.94% 5 3.97%
---------------------------------------------------------------
>100.0 10 7.94% 2 1.59%
---------------------------------------------------------------
Total 79 62.70% 47 37.30%
===========================================================================================================
WisdomTree Europe SmallCap Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 22 17.46% 17 13.49%
---------------------------------------------------------------
25 - 49.9 15 11.90% 18 14.29%
---------------------------------------------------------------
50 - 74.9 7 5.56% 12 9.52%
---------------------------------------------------------------
75 - 100.0 3 2.38% 8 6.35%
---------------------------------------------------------------
>100.0 3 2.38% 21 16.67%
---------------------------------------------------------------
Total 50 39.68% 76 60.32%
===========================================================================================================
116 WisdomTree International Dividend Funds
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
-------------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
-------------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage
Differential of Days Total Days of Days of Total Days
-------------------------------------------------------------------------------------------------------------
WisdomTree Japan Total Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 23 18.25% 16 12.70%
-----------------------------------------------------------------
25 - 49.9 16 12.70% 10 7.93%
-----------------------------------------------------------------
50 - 74.9 10 7.94% 7 5.56%
-----------------------------------------------------------------
75 - 100.0 5 3.97% 8 6.35%
-----------------------------------------------------------------
>100.0 11 8.73% 20 15.87%
-----------------------------------------------------------------
Total 65 51.59% 61 48.41%
=============================================================================================================
WisdomTree Japan High-Yielding Equity Fund
April 1, 2007 - September 30, 2007 0 - 24.9 16 12.70% 15 11.90%
-----------------------------------------------------------------
25 - 49.9 19 15.08% 12 9.52%
-----------------------------------------------------------------
50 - 74.9 13 10.32% 7 5.56%
-----------------------------------------------------------------
75 - 100.0 3 2.38% 8 6.35%
-----------------------------------------------------------------
>100.0 10 7.94% 23 18.25%
-----------------------------------------------------------------
Total 61 48.42% 65 51.58%
=============================================================================================================
WisdomTree Japan SmallCap Dividend Fund
April 1, 2007 - September 30, 2007 0 - 24.9 24 19.05% 11 8.73%
-----------------------------------------------------------------
25 - 49.9 11 8.73% 15 11.90%
-----------------------------------------------------------------
50 - 74.9 14 11.11% 10 7.94%
-----------------------------------------------------------------
75 - 100.0 6 4.76% 8 6.35%
-----------------------------------------------------------------
>100.0 11 8.72% 16 12.70%
-----------------------------------------------------------------
Total 66 52.38% 60 47.62%
=============================================================================================================
WisdomTree Pacific ex-Japan Total Dividend
Fund
April 1, 2007 - September 30, 2007 0 - 24.9 21 16.67% 8 6.35%
-----------------------------------------------------------------
25 - 49.9 15 11.90% 10 7.94%
-----------------------------------------------------------------
50 - 74.9 16 12.70% 4 3.17%
-----------------------------------------------------------------
75 - 100.0 13 10.32% 5 3.97%
-----------------------------------------------------------------
>100.0 19 15.08% 15 11.90%
-----------------------------------------------------------------
Total 84 66.67% 42 33.33%
=============================================================================================================
WisdomTree Pacific ex-Japan High-Yielding
Equity Fund
April 1, 2007 - September 30, 2007 0 - 24.9 14 11.11% 10 7.94%
-----------------------------------------------------------------
25 - 49.9 18 14.29% 10 7.94%
-----------------------------------------------------------------
50 - 74.9 14 11.11% 6 4.76%
-----------------------------------------------------------------
75 - 100.0 18 14.29% 6 4.76%
-----------------------------------------------------------------
>100.0 11 8.73% 19 15.08%
-----------------------------------------------------------------
Total 75 59.52% 51 40.48%
=============================================================================================================
WisdomTree International LargeCap Dividend
Fund
April 1, 2007 - September 30, 2007 0 - 24.9 19 15.08% 17 13.49%
-----------------------------------------------------------------
25 - 49.9 38 30.16% 6 4.76%
-----------------------------------------------------------------
50 - 74.9 14 11.11% 3 2.38%
-----------------------------------------------------------------
75 - 100.0 10 7.94% 1 0.79%
-----------------------------------------------------------------
>100.0 9 7.14% 9 7.14%
-----------------------------------------------------------------
Total 90 71.43% 36 28.57%
=============================================================================================================
WisdomTree International Dividend Top 100
Fund
April 1, 2007 - September 30, 2007 0 - 24.9 19 15.08% 11 8.72%
-----------------------------------------------------------------
25 - 49.9 29 23.02% 7 5.56%
-----------------------------------------------------------------
50 - 74.9 24 19.05% 3 2.38%
-----------------------------------------------------------------
75 - 100.0 8 6.35% 2 1.59%
-----------------------------------------------------------------
>100.0 15 11.90% 8 6.35%
-----------------------------------------------------------------
Total 95 75.40% 31 24.60%
=============================================================================================================
WisdomTree International Dividend Funds 117
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
-------------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
-------------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage
Differential of Days Total Days of Days of Total Days
-------------------------------------------------------------------------------------------------------------
WisdomTree International MidCap Dividend
Fund
April 1, 2007 - September 30, 2007 0 - 24.9 19 15.08% 12 9.52%
-----------------------------------------------------------------
25 - 49.9 32 25.39% 11 8.73%
-----------------------------------------------------------------
50 - 74.9 19 15.08% 3 2.38%
-----------------------------------------------------------------
75 - 100.0 8 6.35% 4 3.17%
-----------------------------------------------------------------
>100.0 11 8.73% 7 5.56%
-----------------------------------------------------------------
Total 89 70.63% 37 29.37%
=============================================================================================================
WisdomTree International SmallCap Dividend
Fund
April 1, 2007 - September 30, 2007 0 - 24.9 19 15.08% 4 3.17%
-----------------------------------------------------------------
25 - 49.9 25 19.84% 11 8.73%
-----------------------------------------------------------------
50 - 74.9 25 19.84% 1 0.79%
-----------------------------------------------------------------
75 - 100.0 15 11.90% 5 3.97%
-----------------------------------------------------------------
>100.0 14 11.12% 7 5.56%
-----------------------------------------------------------------
Total 98 77.78% 28 22.22%
=============================================================================================================
WisdomTree International Real Estate Fund
June 5, 2007 - September 30, 2007 0 - 24.9 11 13.41% 10 12.20%
-----------------------------------------------------------------
25 - 49.9 9 10.98% 3 3.66%
-----------------------------------------------------------------
50 - 74.9 20 24.39% 2 2.44%
-----------------------------------------------------------------
75 - 100.0 12 14.63% 1 1.21%
-----------------------------------------------------------------
>100.0 10 12.20% 4 4.88%
-----------------------------------------------------------------
Total 62 75.61% 20 24.39%
=============================================================================================================
WisdomTree Emerging Markets High-Yielding
Equity Fund
July 13, 2007 - September 30, 2007 0 - 24.9 4 7.27% 2 3.64%
-----------------------------------------------------------------
25 - 49.9 1 1.82% 1 1.82%
-----------------------------------------------------------------
50 - 74.9 3 5.45% 0 0.00%
-----------------------------------------------------------------
75 - 100.0 7 12.73% 0 0.00%
-----------------------------------------------------------------
>100.0 31 56.36% 6 10.91%
-----------------------------------------------------------------
Total 46 83.63% 9 16.37%
=============================================================================================================
118 WisdomTree International Dividend Funds
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine
how to vote proxies related to each Fund's portfolio securities, and information
on how the Trust voted proxies during the period ended June 30, 2007, is
available without charge, upon request, (i) by calling 1-866-909-WISE; (ii) on
the Trust's website at www.wisdomtree.com; and (iii) on the Securities and
Exchange Commission's ("SEC") website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings
with the SEC for their first and third fiscal quarters on Form N-Q. Copies of
the filings are available without charge, upon request on the SEC's website at
www.sec.gov and are available by calling the Trust at 1-866-909-WISE. You can
also obtain copies of Form N-Q by (i) visiting the SEC's Public Reference Room
in Washington, DC (information on the operation of the Public Reference Room may
be obtained by calling 1-800-SEC-0330); (ii) sending your request and a
duplicating fee to the SEC's Public Reference Room, Washington, DC 20549-0102;
or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com.
The Fund's Statement of Additional Information ("SAI") has additional
information about the Funds' Trustees and Officers and is available without
charge upon request. Contact your financial representative for a free prospectus
or SAI.
WisdomTree International Dividend Funds 119
The WisdomTree Trust
Investment Adviser
WisdomTree Asset Management, Inc.
48 Wall Street, Suite 1100
New York, NY 10005
Investment Sub-Adviser
BNY Investment Advisors
1633 Broadway
New York, NY 10019
Administrator, Custodian & Transfer Agent
The Bank of New York
101 Barclay Street
New York, NY 10286
Distributor
ALPS Distributors, Inc.
1290 Broadway
Suite 1100
Denver, CO 80203
Independent Registered Public Accounting Firm
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Ropes & Gray LLP
1211 Avenue of the Americas
New York, NY 10036
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols as of September 30, 2007:
WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree High-Yielding Equity Fund (DHS)
WisdomTree Large Cap Dividend Fund (DLN)
WisdomTree Dividend Top 100 Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA High-Yielding Equity Fund (DTH)
WisdomTree Europe Total Dividend Fund (DEB)
WisdomTree Europe High-Yielding Equity Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan High-Yielding Equity Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend Top 100 Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Emerging Markets High-Yielding Equity Fund (DEM)
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Material Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree Domestic Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
The WisdomTree Funds are exchange traded funds ("ETFs") registered with the
United States Securities and Exchange Commission ("SEC") as series of WisdomTree
Trust ("Trust"). WisdomTree Asset Management, Inc., a wholly owned subsidiary of
WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree
Trust. None of the WisdomTree entities are affiliated with ALPS Distributors,
Inc., the Funds' distributor. WisdomTree Investments, its affiliates and their
independent providers are not liable for any informational errors,
incompleteness, or delays, or for any actions taken in reliance on information
contained herein.
Investors should consider the investment objectives, risks, charges and expenses
of the funds carefully before investing. A prospectus, containing this and other
information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE
(9473). Investors should read the prospectus carefully before investing. There
are risks associated with investing, including possible loss of principal. Past
performance does not guarantee future results. Indexes are unmanaged and you can
not invest directly in an index.
In addition to the normal risks associated with investing, foreign investing
involves special risks, such as risk of loss from currency fluctuation or
political or economic uncertainty. Funds focusing on a single country, sector,
and/or funds that emphasize investments in smaller companies may experience
greater price volatility. Investments in real estate involve additional special
risks, such as credit risk, interest fluctuations and the effect of varied
economic conditions. 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.
[LOGO]
WISDOMTREE
Fundamental ETFs
48 Wall Street, Suite 1100
New York, NY 10005
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree International Dividend ETFs
WisdomTree DEFA Fund
WisdomTree DEFA High-Yielding Equity Fund
WisdomTree Europe Total Dividend Fund
WisdomTree Europe High-Yielding Equity Fund
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Japan Total Dividend Fund
WisdomTree Japan High-Yielding Equity Fund
WisdomTree Japan SmallCap Dividend Fund
WisdomTree Pacific ex-Japan Total Dividend Fund
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
WisdomTree International LargeCap Dividend Fund
WisdomTree International Dividend Top 100(SM) Fund
WisdomTree International MidCap Dividend Fund
WisdomTree International SmallCap Dividend Fund
WisdomTree International Real Estate Fund (DRW)
WisdomTree Emerging Markets High-Yielding Equity Fund (DEM)
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS000886 (11/2008)
[LOGO]
WISDOMTREE
Fundamental ETFs
WisdomTree Trust
International Dividend Sector Funds
--------------------------------------------------------------------------------
Semi-Annual Report
September 30, 2007
WisdomTree International Basic Materials Sector Fund
WisdomTree International Communications Sector Fund
WisdomTree International Consumer Cyclical Sector Fund
WisdomTree International Consumer Non-Cyclical Sector Fund
WisdomTree International Energy Sector Fund
WisdomTree International Financial Sector Fund
WisdomTree International Health Care Sector Fund
WisdomTree International Industrial Sector Fund
WisdomTree International Technology Sector Fund
WisdomTree International Utilities Sector Fund
Table of Contents
Letter to Shareholders ............................................. 1
Performance Summaries .............................................. 3
Shareholder Expense Examples ....................................... 13
Schedules of Investments
WisdomTree International Basic Materials Sector Fund .............. 15
WisdomTree International Communications Sector Fund ............... 17
WisdomTree International Consumer Cyclical Sector Fund ............ 19
WisdomTree International Consumer Non-Cyclical Sector Fund ........ 23
WisdomTree International Energy Sector Fund ....................... 26
WisdomTree International Financial Sector Fund .................... 27
WisdomTree International Health Care Sector Fund .................. 31
WisdomTree International Industrial Sector Fund ................... 33
WisdomTree International Technology Sector Fund ................... 38
WisdomTree International Utilities Sector Fund .................... 40
Statements of Assets and Liabilities ............................... 42
Statements of Operations ........................................... 44
Statements of Changes in Net Assets ................................ 46
Financial Highlights ............................................... 50
Notes to the Financial Statements .................................. 55
Frequency Distribution of Discounts & Premiums ..................... 59
General Information ................................................ 61
"WisdomTree", "WisdomTree Investments" and "Dividend Top 100" are service marks
of WisdomTree Investments, Inc. and are licensed for use by the Trust.
Letter to Shareholders
Dear Shareholders:
It is a pleasure to report to you on the progress of the WisdomTree Trust for
the six-month period ended September 30, 2007.
WisdomTree is committed to providing investors with viable alternatives to
cap-weighted index funds. Two recent launches underscore our intention to serve
investors in unique ways. In June, the company launched the first fundamentally
weighted international real estate exchange traded fund (DRW). In July,
WisdomTree listed the first fundamentally weighted emerging markets ETF (DEM),
comprised of dividend-paying companies selected from 19 emerging market nations.
When combined with WisdomTree's 14 developed market ETFs and 10 pure non-U.S.
sector ETFs, our international offerings stood at 26 as of September 30, 2007,
distinguishing WisdomTree's international line-up as one of the most
comprehensive in the industry today. As of September 30, 2007, WisdomTree Trust
assets totaled $4.4 billion, with approximately 71% of total assets under
management invested in WisdomTree's international product set.
The highest returns over this six-month period were generated outside the U.S.
Equity markets in the Pacific region excluding Japan showed the greatest
strength relative to other parts of the developed market, while Japanese equity
markets continued to lag. WisdomTree's best-performing fund was its Pacific
ex-Japan Total Dividend Fund (DND), which returned 24.40% for the six-month
period ended September 30, 2007. The WisdomTree Japan High-Yielding Equity Fund
(DNL), which lost 5.74% for the period, was WisdomTree's worst performing fund
over this time frame. However, WisdomTree's broadest international ETF, the
WisdomTree DEFA Fund (DWM), benefited from Japan's relative weakness. DWM, which
is underweight Japanese stocks relative to the MSCI EAFE Index, returned 10.63%
for the period, surpassing the MSCI EAFE Index by 1.91 percentage points for the
six-month period ended September 30, 2007.*
On the domestic front, WisdomTree's fundamentally-weighted ETFs ran into two
head winds: weakness in the financial and real estate industries, coupled with
the re-emergence of growth stocks. Buffeted by investor concerns over exposure
to sub-prime housing loans, financial stocks have been the worst performing
sector of the U.S. economy in 2007. The weakness in financials contributed to
value stocks, measured by the Russell 3000 Value Index, underperforming growth
stocks, measured by the Russell 3000 Growth Index, for first time since 1999.
Specific performance information for WisdomTree's funds, relative to their
underlying WisdomTree index and a comparable benchmark, is provided in the pages
that follow.
Thank you for your continued support.
Best regards,
/s/ Jonathan Steinberg
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
The sources and forecasts expressed are as of September 30, 2007 and may not
actually come to pass. This information is subject to change at any time based
on market and other conditions and should not be construed as a recommendation
of any specific security.
Mr. Steinberg is a registered representative of ALPS Distributors, Inc.
* Performance Information for the MSCI EAFE Index assumed the reinvestment
of net dividends and excludes management fees, transaction costs and
expenses. You cannot invest directly in an index.
WisdomTree International Dividend Sector Funds 1
Letter to Shareholders (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.
The MSCI EAFE Index is a market cap-weighted index composed of company's
representative of the developed market structure of 21 developed countries in
Europe, Australasia and Japan.
The Russell 3000 Value Index measures the performance of those Russell 3000
Index companies with lower price-to-book ratios and lower forecasted growth
values.
The Russell 3000 Growth Index measures the performance of those Russell 3000
Index companies with higher price-to-book ratios and higher forecasted growth
values.
2 WisdomTree International Dividend Sector Funds
Performance Summary
WisdomTree International Basic Materials Sector Fund
Industry Breakdown+ as of 9/30/07
-----------------------------------
[PIE CHART]
Mining 41.7%
Chemicals 31.4%
Iron/Steel 19.0%
Forest Products & Paper 7.5%
Other 0.4%
-----------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
----------------------------------------
Description % of Net Assets
----------------------------------------
BHP Billington Ltd. 9.9%
----------------------------------------
BASF AG 7.8%
----------------------------------------
Anglo American PLC 6.4%
----------------------------------------
Rio Tinto PLC 5.2%
----------------------------------------
BHP Billington PLC 4.5%
----------------------------------------
Bayer AG 4.1%
----------------------------------------
Rio Tinto Ltd. 3.1%
----------------------------------------
Zinifex Ltd. 3.1%
----------------------------------------
JFE Holdings, Inc. 3.1%
----------------------------------------
ThyssenKrupp AG 2.7%
----------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Basic Materials Sector Fund seeks investment results
that closely correspond to the price and yield performance, before fees and
expenses, of the WisdomTree International Basic Materials Sector Index.
The WisdomTree International Basic Materials Sector Fund (DBN) returned 23.45%
at NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). United Kingdom stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 22.13% of the Fund and returned 36.43% over the period. BHP Billiton
Ltd. was the top contributor to the performance for the period. Norway was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-------------------------------------------------------------------------------------------
Cumulative Total Return
-------------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Basic Materials Materials
Net Asset Value Market Price Sector Index Sector Index
-------------------------------------------------------------------------------------------
Six Months 23.45% 22.05% 24.89% 27.92%
-------------------------------------------------------------------------------------------
Since Inception(1) 55.30% 54.56% 58.12% 56.95%
-------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Sector Funds 3
Performance Summary
WisdomTree International Communications Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------
[PIE CHART]
Telecommunications 79.5%
Media 17.0%
Advertising 1.9%
Internet 0.9%
Other 0.7%
---------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
Vodafone Group PLC 13.9%
------------------------------------------------
Telefonica, S.A. 10.3%
------------------------------------------------
China Mobile Ltd. 9.6%
------------------------------------------------
Deutsche Telekom AG 6.8%
------------------------------------------------
Telstra Corp. Ltd. 5.0%
------------------------------------------------
Nokia Oyj 4.8%
------------------------------------------------
Telecom Italia SpA 4.0%
------------------------------------------------
Vivendi 3.9%
------------------------------------------------
BT Group PLC 3.5%
------------------------------------------------
Singapore Telecommunications Ltd. 2.7%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Communications Sector Fund seeks investment results
that closely correspond to the price and yield performance, before fees and
expenses, of the WisdomTree International Communications Sector Index.
The WisdomTree International Communications Sector Fund (DGG) returned 20.88% at
NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Stocks listed in Hong Kong
contributed most significantly to this performance; the country comprised on
average 7.92% of the Fund and returned 76.12% over the period. China Mobile Ltd.
was the top contributor to the performance for the period. Japan was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Communications Telecommunications
Net Asset Value Market Price Sector Index Services Index
------------------------------------------------------------------------------------------------
Six Months 20.88% 20.64% 21.31% 18.91%
------------------------------------------------------------------------------------------------
Since Inception(1) 38.86% 38.38% 40.82% 36.39%
------------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
4 WisdomTree International Dividend Sector Funds
Performance Summary
WisdomTree International Consumer Cyclical Sector Fund
Industry Breakdown+ as of 9/30/07
----------------------------------
[PIE CHART]
Auto Manufacturers 33.3%
Retail 24.3%
Distribution/Wholesale 8.2%
Auto Parts & Equipment 6.2%
Airlines 4.8%
Entertainment 4.0%
Home Builders 3.4%
Apparel 3.3%
Other 12.5%
----------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
-------------------------------------------
Description % of Net Assets
-------------------------------------------
Toyota Motor Corp. 8.6%
-------------------------------------------
DaimlerChrysler AG 6.5%
-------------------------------------------
Renault S.A. 4.2%
-------------------------------------------
H&M Hennes & Mauritz AB Class B 3.5%
-------------------------------------------
Nissan Motor Co., Ltd. 3.2%
-------------------------------------------
Honda Motor Co., Ltd. 3.1%
-------------------------------------------
Mitsubishi Corp. 2.3%
-------------------------------------------
Volkswagen AG 2.0%
-------------------------------------------
PPR S.A. 1.9%
-------------------------------------------
Peugeot S.A. 1.7%
-------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Consumer Cyclical Sector Fund seeks investment results
that closely correspond to the price and yield performance, before fees and
expenses, of the WisdomTree International Consumer Cyclical Sector Index.
The WisdomTree International Consumer Cyclical Sector Fund (DPC) returned 4.07%
at NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). German stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 13.52% of the Fund and returned 24.14% over the period. Daimler AG was
the top contributor to the performance for the period. The United Kingdom was
the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------------
WisdomTree S&P Global 1200
International Consumer
Consumer Cyclical Discretionary
Net Asset Value Market Price Sector Index Sector Index
------------------------------------------------------------------------------------------------
Six Months 4.07% 3.50% 4.57% 1.51%
------------------------------------------------------------------------------------------------
Since Inception(1) 25.54% 24.52% 24.95% 11.53%
------------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Sector Funds 5
Performance Summary
WisdomTree International Consumer Non-Cyclical Sector Fund
Industry Breakdown+ as of 9/30/07
------------------------------------
[PIE CHART]
Pharmaceuticals 33.1%
Food 29.3%
Beverages 11.2%
Commercial Services 8.2%
Agriculture 7.9%
Cosmetics/Personal Care 4.4%
Household Products/Wares 2.1%
Healthcare-Products 1.6%
Healthcare-Services 1.2%
Biotechnology 0.4%
Other 0.6%
------------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
-------------------------------------------------
Description % of Net Assets
-------------------------------------------------
GlaxoSmithKline PLC 9.3%
-------------------------------------------------
Sanofi-Aventis 5.1%
-------------------------------------------------
Nestle S.A. 5.1%
-------------------------------------------------
British American Tobacco PLC 4.4%
-------------------------------------------------
AstraZeneca PLC 4.1%
-------------------------------------------------
Novartis AG 3.8%
-------------------------------------------------
Unilever N.V. 3.4%
-------------------------------------------------
Diageo PLC 3.1%
-------------------------------------------------
Unilever N.V. CVA 2.7%
-------------------------------------------------
Tesco PLC 2.6%
-------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Consumer Non-Cyclical Sector Fund seeks investment
results that closely correspond to the price and yield performance, before fees
and expenses, of the WisdomTree International Consumer Non-Cyclical Sector
Index.
The WisdomTree International Consumer Non-Cyclical Sector Fund (DPN) returned
5.42% at NAV, for the six month period ending September 30, 2007 (for more
complete performance information, please see below). United Kingdom stocks in
the Fund contributed most significantly to this performance; the country
comprised on average 39.08% of the Fund and returned 3.95% over the period.
Nestle S.A. was the top contributor to the performance for the period. Ireland
was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
---------------------------------------------------------------------------------------------
Cumulative Total Return
---------------------------------------------------------------------------------------------
WisdomTree
International S&P
Consumer Global 1200
Non-Cyclical Consumer Staples
Net Asset Value Market Price Sector Index Sector Index
---------------------------------------------------------------------------------------------
Six Months 5.42% 5.58% 5.42% 8.63%
---------------------------------------------------------------------------------------------
Since Inception(1) 19.64% 20.15% 18.51% 21.22%
---------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
6 WisdomTree International Dividend Sector Funds
Performance Summary
WisdomTree International Energy Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------
[PIE CHART]
Oil & Gas 91.0%
Oil & Gas Services 8.2%
Coal 0.2%
Other 0.6%
---------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
--------------------------------------------------
Description % of Net Assets
--------------------------------------------------
TOTAL S.A. 8.8%
--------------------------------------------------
BP PLC 8.7%
--------------------------------------------------
Eni SpA 8.0%
--------------------------------------------------
Royal Dutch Shell PLC Class A 7.1%
--------------------------------------------------
Royal Dutch Shell PLC Class B 6.7%
--------------------------------------------------
CNOOC Ltd. 6.3%
--------------------------------------------------
Statoil ASA 4.3%
--------------------------------------------------
Woodside Petroleum Ltd. 4.2%
--------------------------------------------------
Norsk Hydro ASA 4.1%
--------------------------------------------------
Repsol YPF, S.A. 3.7%
--------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Energy Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Energy Sector Index.
The WisdomTree International Energy Sector Fund (DKA) returned 22.94% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). United Kingdom stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 26.66% of the Fund and returned 19.81% over the period. CNOOC Ltd. was
the top contributor to the performance for the period. Finland was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Energy Energy
Net Asset Value Market Price Sector Index Sector Index
-----------------------------------------------------------------------------------------
Six Months 22.94% 22.08% 22.47% 24.45%
-----------------------------------------------------------------------------------------
Since Inception(1) 38.14% 36.91% 38.60% 37.14%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Sector Funds 7
Performance Summary
WisdomTree International Financial Sector Fund
Industry Breakdown+ as of 9/30/07
------------------------------------------
[PIE CHART]
Banks 67.2%
Insurance 18.6%
Diversified Financial Services 8.8%
Real Estate 3.6%
REITS 0.5%
Investment Companies 0.3%
Venture Capital 0.1%
Other 0.9%
------------------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
------------------------------------------------
Description % of Net Assets
------------------------------------------------
HSBC Holdings PLC 6.5%
------------------------------------------------
Banco Santander Central
Hispano S.A. 4.0%
------------------------------------------------
Banca Intesa SpA 3.9%
------------------------------------------------
BNP Paribas 3.0%
------------------------------------------------
AXA S.A. 2.8%
------------------------------------------------
Loylds TSB Group PLC 2.8%
------------------------------------------------
Royal Bank of Scotland Group
(The) PLC 2.8%
------------------------------------------------
Banco Bilbao Vizcaya
Argentaria, Chile, S.A. 2.6%
------------------------------------------------
Commonwealth Bank of
Australia 2.6%
------------------------------------------------
ING Groep N.V. 2.5%
------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Financial Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Financial Sector Index.
The WisdomTree International Financial Sector Fund (DRF) returned 3.58% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Australian stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 12.31% of the Fund and returned 16.63% over the period. Commonwealth
Bank of Australia was the top contributor to the performance for the period. The
United Kingdom was the biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Financial Financials
Net Asset Value Market Price Sector Index Sector Index
-----------------------------------------------------------------------------------------
Six Months 3.58% 3.08% 3.65% 1.25%
-----------------------------------------------------------------------------------------
Since Inception(1) 14.27% 14.26% 15.01% 7.18%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
8 WisdomTree International Dividend Sector Funds
Performance Summary
WisdomTree International Health Care Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------
[PIE CHART]
Pharmaceuticals 73.8%
Healthcare-Products 13.5%
Healthcare-Services 9.2%
Biotechnology 2.9%
Other 0.6%
---------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
----------------------------------------------
Description % of Net Assets
----------------------------------------------
GlaxoSmithKline PLC 10.3%
----------------------------------------------
Sanofi-Aventis 7.5%
----------------------------------------------
AstraZeneca PLC 6.9%
----------------------------------------------
Novartis AG 6.8%
----------------------------------------------
Roche Holding AG 6.3%
----------------------------------------------
Bayer Schering Pharma AG 4.2%
----------------------------------------------
Takeda Pharmaceutical Co., Ltd. 4.0%
----------------------------------------------
Novo-Nordisk A/S Class B 2.4%
----------------------------------------------
Astellas Pharma, Inc. 2.0%
----------------------------------------------
Daiichi Sankyo Co., Ltd. 1.8%
----------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Health Care Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Health Care Sector Index.
The WisdomTree International Health Care Sector Fund (DBR) returned 3.53% at
NAV, for the six month period ending September 30, 2007 (for more complete
performance information, please see below). Australian stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 9.59% of the Fund and returned 19.05% over the period. Novo Nordisk A/S
was the top contributor to the performance for the period. Switzerland was the
biggest detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Health Care Health Care
Net Asset Value Market Price Sector Index Sector Index
-----------------------------------------------------------------------------------------
Six Months 3.53% 4.02% 3.71% 4.59%
-----------------------------------------------------------------------------------------
Since Inception(1) 11.85% 12.41% 12.52% 7.34%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Sector Funds 9
Performance Summary
WisdomTree International Industrial Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------------------
[PIE CHART]
Engineering & Construction 19.7%
Miscellaneous Manufacturers 14.3%
Transportation 13.6%
Building Materials 12.8%
Electronics 8.0%
Machinery-Diversified 7.7%
Electrical Components & Equipment 7.5%
Aerospace/Defense 5.5%
Metal Fabricate/Hardware 3.3%
Other 7.6%
---------------------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
---------------------------------------------------
Description % of Net Assets
---------------------------------------------------
Siemens AG 4.8%
---------------------------------------------------
Wesfarmers Ltd. 3.3%
---------------------------------------------------
VINCI S.A. 2.9%
---------------------------------------------------
Deutsche Post AG 2.9%
---------------------------------------------------
Schneider Electric S.A. 2.7%
---------------------------------------------------
Koninklijke Philips Electronics N.V. 2.5%
---------------------------------------------------
BAE SYSTEMS PLC 2.4%
---------------------------------------------------
AB Volvo Class B 2.3%
---------------------------------------------------
Cie de Saint-Gobain S.A. 2.3%
---------------------------------------------------
Bouygues S.A. 1.9%
---------------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Industrial Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Industrial Sector Index.
The WisdomTree International Industrial Sector (DDI) returned 9.70% at NAV, for
the six month period ending September 30, 2007 (for more complete performance
information, please see below). Australian stocks in the Fund contributed most
significantly to this performance; the country comprised on average 8.89% of the
Fund and returned 24.99% over the period. Siemens AG was the top contributor to
the performance for the period. Spain was the biggest detractor to the Fund for
the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Industrial Industrials
Net Asset Value Market Price Sector Index Sector Index
-----------------------------------------------------------------------------------------
Six Months 9.70% 9.14% 9.78% 15.51%
-----------------------------------------------------------------------------------------
Since Inception(1) 34.65% 34.22% 33.31% 28.87%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
10 WisdomTree International Dividend Sector Funds
Performance Summary
WisdomTree International Technology Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------
[PIE CHART]
Software 41.6%
Office/Business 24.7%
Equipment Computers 22.1%
Semiconductors 11.2%
Other 0.4%
---------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
---------------------------------------------
Description % of Net Assets
---------------------------------------------
SAP AG 19.0%
---------------------------------------------
Canon, Inc. 17.0%
---------------------------------------------
STMichroelectronics N.V. 6.4%
---------------------------------------------
LogicaCMG PLC 3.8%
---------------------------------------------
Oracle Corp. Japan 3.6%
---------------------------------------------
CapGemini S.A. 3.2%
---------------------------------------------
Ricoh Co., Ltd. 2.6%
---------------------------------------------
Indra Sistemas S.A. 2.4%
---------------------------------------------
Neopost S.A. 2.4%
---------------------------------------------
Fujitsu Ltd. 2.2%
---------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Technology Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Technology Sector Index.
The WisdomTree International Technology Sector Fund (DBT) returned 5.99% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). German stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 17.04% of the Fund and returned 28.33% over the period. Sap Ag was the
top contributor to the performance for the period. France was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
------------------------------------------------------------------------------------------
Cumulative Total Return
------------------------------------------------------------------------------------------
S&P
WisdomTree Global 1200
International Informational
Technology Technology
Net Asset Value Market Price Sector Index Sector Index
------------------------------------------------------------------------------------------
Six Months 5.99% 5.14% 6.10% 18.14%
------------------------------------------------------------------------------------------
Since Inception(1) 10.76% 9.88% 11.40% 19.98%
------------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
WisdomTree International Dividend Sector Funds 11
Performance Summary
WisdomTree International Utilities Sector Fund
Industry Breakdown+ as of 9/30/07
---------------------------------
[PIE CHART]
Electric 76.2%
Gas 15.4%
Water 7.8%
Other 0.6%
---------------------------------
+ The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
Top Ten Holdings* as of 9/30/07
------------------------------------------
Description % of Net Assets
------------------------------------------
E.ON AG 6.5%
------------------------------------------
Electricite de France 6.3%
------------------------------------------
Enel SpA 6.2%
------------------------------------------
RWE AG 6.2%
------------------------------------------
Suez S.A. 5.9%
------------------------------------------
Endesa S.A. 5.9%
------------------------------------------
Iberdrola S.A. 5.4%
------------------------------------------
Gaz de France S.A. 5.2%
------------------------------------------
National Grid PLC 4.4%
------------------------------------------
Fortum Oyj 2.8%
------------------------------------------
* The ten largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
WisdomTree International Utilities Sector Fund seeks investment results that
closely correspond to the price and yield performance, before fees and expenses,
of the WisdomTree International Utilities Sector Index.
The WisdomTree International Utilities Sector Fund (DBU) returned 10.30% at NAV,
for the six month period ending September 30, 2007 (for more complete
performance information, please see below). German stocks in the Fund
contributed most significantly to this performance; the country comprised on
average 13.16% of the Fund and returned 36.01% over the period. E.ON AG was the
top contributor to the performance for the period. Japan was the biggest
detractor to the Fund for the period.
The following performance chart is provided for comparative purposes and
represents the period noted. The Fund's per share net asset value ("NAV") is the
value of one share of the Fund and is calculated by dividing the value of total
assets less total liabilities by the number of shares outstanding. The NAV
return is based on the NAV of the Fund and the market return is based on the
market price per share of the Fund. The price used to calculate market price
returns is the mid-point of the highest bid and lowest offer for Fund shares as
of the close of trading on the exchange where Fund shares are listed. NAV and
market returns assume that dividends and capital gain distributions have been
reinvested in the Fund at NAV and market price, respectively. As with other
ETFs, NAV returns and market price returns may differ because of factors such as
the supply and demand for fund shares and investors assessments of the
underlying value of a fund's portfolio securities.
An index is a statistical measure of a specified financial market or sector. An
index does not actually hold a portfolio of securities, incur expenses or pay
any transaction costs. Therefore index returns do not reflect deductions for
fees or expenses and are not available for direct investment. In comparison, the
Fund's performance is negatively impacted by these deductions. Fund returns do
not reflect brokerage commissions or taxes on transactions in Fund shares or
that a shareholder would pay on Fund distributions. The annual expense ratio of
the Fund is 0.58%.
Performance as of 9/30/07
-----------------------------------------------------------------------------------------
Cumulative Total Return
-----------------------------------------------------------------------------------------
WisdomTree S&P
International Global 1200
Utilities Utilities
Net Asset Value Market Price Sector Index Sector Index
-----------------------------------------------------------------------------------------
Six Months 10.30% 8.98% 11.77% 8.30%
-----------------------------------------------------------------------------------------
Since Inception(1) 31.46% 30.57% 33.71% 28.29%
-----------------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE on October 13, 2006.
Performance quoted represents past performance and past performance does not
guarantee future results. Current performance may be higher or lower than the
performance quoted. For the most recent month end performance information visit
www.wisdomtree.com. Investment in the Fund poses investment risk including the
possible loss of principal. The investment return and principal value of an
investment will fluctuate, so that shares, when sold or redeemed, may be worth
more or less than their original cost. The returns do not reflect the deduction
of taxes that a shareholder would pay on Fund distributions or on the redemption
of Fund shares. Total returns for a period less than one year have not been
annualized. Index returns do not reflect expenses paid by the Fund.
12 WisdomTree International Dividend Sector Funds
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 April 1, 2007 to September 30, 2007.
Actual expenses
The first line under each Fund in the table on the next page provides
information about actual account values and actual expenses. You may use the
information in this line, together with the amount you invested, to estimate the
expenses that you paid over the period. Simply divide your account value by
$1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then
multiply the result by the number in the first line for your Fund under the
heading entitled "Expenses Paid During Period 4/01/07 to 9/30/07" to estimate
the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides
information about hypothetical account values and hypothetical expenses based on
each Fund's actual expense ratio and an assumed rate of return of 5% per year
before expenses, which is not the Fund's actual return. The hypothetical account
values and expenses may not be used to estimate the actual ending account
balance or expenses you paid for the period. You may use this information to
compare the ongoing costs of investing in your Fund and other funds. To do so,
compare this 5% hypothetical example with the 5% hypothetical examples that
appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your
ongoing costs only and do not reflect any transactional costs, such as brokerage
commissions paid on purchases and sales of Fund shares. Therefore, the second
line under each Fund in the table is useful in comparing ongoing Fund costs only
and will not help you determine the relative total costs of owning different
funds. In addition, if these transactional costs were included, your costs would
have been higher.
WisdomTree International Dividend Sector Funds 13
Shareholder Expense Examples (unaudited) (concluded)
-----------------------------------------------------------------------------------------------------------
Annualized
Expense Ratio Expenses Paid
Based on the During the
Beginning Ending Period Period+
Account Value Account Value 4/01/07 to 4/01/07 to
4/01/07 9/30/07 9/30/07 9/30/07
-----------------------------------------------------------------------------------------------------------
WisdomTree International Basic Materials Sector Fund
Actual $ 1,000.00 $ 1,234.47 0.58% $ 3.25
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Communications Sector Fund
Actual $ 1,000.00 $ 1,208.84 0.58% $ 3.21
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Consumer Cyclical Sector Fund
Actual $ 1,000.00 $ 1,040.74 0.58% $ 2.97
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Consumer Non-Cyclical Sector Fund
Actual $ 1,000.00 $ 1,054.20 0.58% $ 2.99
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Energy Sector Fund
Actual $ 1,000.00 $ 1,229.43 0.58% $ 3.24
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Financial Sector Fund
Actual $ 1,000.00 $ 1,035.84 0.58% $ 2.96
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Health Care Sector Fund
Actual $ 1,000.00 $ 1,035.29 0.58% $ 2.96
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Industrial Sector Fund
Actual $ 1,000.00 $ 1,096.99 0.58% $ 3.05
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Technology Sector Fund
Actual $ 1,000.00 $ 1,059.85 0.58% $ 3.00
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
WisdomTree International Utilities Sector Fund
Actual $ 1,000.00 $ 1,102.99 0.58% $ 3.06
Hypothetical (5% return before expenses) $ 1,000.00 $ 1,022.09 0.58% $ 2.94
-----------------------------------------------------------------------------------------------------------
+ Expenses are calculated using each Fund's annualized expense ratio,
multiplied by the average account value for the period, multiplied by
183/366 (to reflect one-half year period).
14 WisdomTree International Dividend Sector Funds
Schedule of Investment (unaudited)
WisdomTree International Basic Materials Sector Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Australia - 24.0%
Alumina Ltd.(a) 179,639 $1,135,057
Ausdrill Ltd. 22,604 46,808
Auspine Ltd. 3,863 19,486
BHP Billiton Ltd. 277,482 10,939,598
BlueScope Steel Ltd. 184,375 1,753,999
Consolidated Rutile Ltd. 135,982 71,601
Dominion Mining Ltd. 10,127 33,517
Equigold NL(a) 31,651 72,825
Forest Enterprises Australia Ltd. 276,888 142,119
GRD Ltd. 24,934 52,957
Great Southern Plantations Ltd.(a) 85,919 176,399
Gunns Ltd.(a) 97,446 240,595
Iluka Resources Ltd.(a) 40,731 198,968
Incitec Pivot Ltd. 4,087 309,380
Independence Group NL 14,556 84,373
Jubilee Mines NL(a) 31,128 478,211
Minara Resources Ltd. 171,951 990,614
Mincor Resources NL(a) 47,594 179,003
Newcrest Mining Ltd. 3,384 83,851
Nufarm Ltd.(a) 23,243 275,829
OneSteel Ltd.(a) 202,708 1,237,767
Orica Ltd. 33,595 894,870
PaperlinX Ltd.(a) 82,664 222,387
Rio Tinto Ltd.(a) 36,058 3,453,250
Straits Resources Ltd. 16,181 66,585
Wattyl Ltd. 13,598 39,109
Zinifex Ltd. 216,663 3,397,562
----------
Total Australia 26,596,720
-----------------------------------------------------------------------------
Austria - 0.9%
BOEHLER-UDDEHOLM AG 5,100 532,658
voestalpine AG 5,746 495,203
----------
Total Austria 1,027,861
-----------------------------------------------------------------------------
Belgium - 1.7%
Cumerio 2,173 88,074
Solvay S.A. 8,308 1,202,435
Tessenderlo Chemie N.V. 3,591 207,546
Umicore 1,622 386,607
----------
Total Belgium 1,884,662
-----------------------------------------------------------------------------
Finland - 5.5%
Kemira Oyj 11,011 256,499
Outokumpu Oyj(a) 27,771 994,867
Rautaruukki Oyj 17,748 1,072,461
Stora Enso Oyj Class R 85,008 1,651,413
UPM-Kymmene Oyj 86,088 2,076,412
----------
Total Finland 6,051,652
-----------------------------------------------------------------------------
France - 1.9%
L'Air Liquide S.A. 16,025 2,139,064
-----------------------------------------------------------------------------
Germany - 17.1%
ALTANA AG 34,998 841,153
BASF AG 62,598 8,635,299
Bayer AG 57,329 4,551,027
K+S AG 4,344 794,220
Salzgitter AG 1,568 307,151
ThyssenKrupp AG 47,931 3,044,251
Wacker Chemie AG 3,301 770,511
----------
Total Germany 18,943,612
-----------------------------------------------------------------------------
Italy - 0.0%
Sol SpA 2,426 19,321
-----------------------------------------------------------------------------
Japan - 17.1%
ADEKA Corp. 4,200 44,003
Aica Kogyo Co., Ltd. 4,200 45,902
Aichi Steel Corp.(a) 25,000 147,589
Air Water, Inc. 14,000 155,806
Arisawa Manufacturing Co., Ltd. 8,700 76,550
Asahi Kasei Corp. 70,000 564,796
Chuetsu Pulp & Paper Co., Ltd. 14,000 29,335
Daicel Chemical Industries Ltd. 14,000 110,646
Daido Steel Co., Ltd. 25,000 212,798
Dainippon Ink & Chemicals, Inc. 44,000 194,722
Daio Paper Corp. 12,000 97,239
Denki Kagaku Kogyo K.K. 28,000 157,023
DOWA HOLDINGS Co., Ltd. 14,000 177,107
Earth Chemical Co., Ltd. 1,400 34,691
Fujimi, Inc. 2,300 47,194
Gun-Ei Chemical Industry Co., Ltd. 8,000 19,545
Hitachi Chemical Co., Ltd. 9,300 192,040
Hitachi Metals Ltd. 14,000 173,334
Hokuetsu Paper Mills Ltd. 14,000 71,938
JFE Holdings, Inc. 48,000 3,397,122
JSR Corp. 7,600 186,011
Kaneka Corp. 14,000 117,585
Kansai Paint Co., Ltd. 14,000 107,238
Kobe Steel Ltd. 263,000 980,976
Lintec Corp. 1,400 27,449
Mitsubishi Chemical Holdings Corp. 96,000 834,674
Mitsubishi Gas Chemical Co., Inc. 25,000 231,492
Mitsubishi Materials Corp. 48,000 297,979
Mitsubishi Steel Manufacturing Co., Ltd.(a) 26,000 126,818
Mitsui Chemicals, Inc. 28,000 277,772
Nihon Parkerizing Co., Ltd. 4,000 47,542
Nippon Kayaku Co., Ltd. 14,000 116,367
Nippon Metal Industry Co., Ltd.(a) 14,000 64,635
Nippon Paint Co., Ltd.(a) 14,000 72,304
Nippon Shokubai Co., Ltd. 17,000 165,248
Nippon Steel Corp. 405,000 2,912,098
Nissan Chemical Industies Ltd. 11,000 135,617
Nisshin Steel Co., Ltd. 56,000 252,211
Nitto Denko Corp. 7,100 329,644
NOF Corp. 14,000 60,496
OJI Paper Co., Ltd.(a) 70,000 338,391
Rengo Co., Ltd. 14,000 94,336
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 15
Schedule of Investment (unaudited) (concluded)
WisdomTree International Basic Materials Sector Fund
September 30, 2007
-------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------------
Sanyo Special Steel Co., Ltd. 17,000 $ 141,599
Shin-Etsu Chemical Co., Ltd. 8,100 559,179
Showa Denko K.K. 45,000 170,195
Sumitomo Bakelite Co., Ltd. 14,000 80,459
Sumitomo Chemical Co., Ltd. 90,000 770,769
Sumitomo Metal Industries Ltd. 243,000 1,415,554
Sumitomo Metal Mining Co., Ltd. 25,000 606,443
Taiyo Nippon Sanso Corp. 14,000 125,618
Toagosei Co., Ltd. 14,000 52,098
Toho Titanium Co., Ltd.(a) 2,700 99,065
Tokai Carbon Co., Ltd. 7,000 79,242
Tokuyama Corp. 11,000 166,700
Tokyo Ohka Kogyo Co., Ltd. 1,400 30,248
Tokyo Steel Manufacturing Co., Ltd. 5,600 86,862
Topy Industries Ltd. 14,000 37,369
Tosoh Corp. 42,000 272,051
Toyo Ink Manufacturing Co., Ltd. 14,000 47,350
Ube Industries Ltd. 28,000 99,083
Yamato Kogyo Co., Ltd. 4,200 201,574
Yodogawa Steel Works Ltd. 14,000 69,504
Yushiro Chemical Industry Co., Ltd. 1,400 24,710
Zeon Corp. 12,000 118,106
------------
Total Japan 18,980,041
-------------------------------------------------------------------------------------
Netherlands - 2.9%
Akzo Nobel N.V. 23,665 1,945,269
Koninklijke DSM N.V. 22,458 1,208,877
------------
Total Netherlands 3,154,146
-------------------------------------------------------------------------------------
New Zealand - 0.1%
Nuplex Industries Ltd. 23,105 128,143
-------------------------------------------------------------------------------------
Norway - 0.9%
Norske Skogindustrier ASA 44,800 476,732
Yara International ASA 15,900 499,968
------------
Total Norway 976,700
-------------------------------------------------------------------------------------
Portugal - 0.3%
Corticeira Amorim S.A. 6,516 18,719
Portucel-Empresa Produtora De Pasta E Papel, S.A. 71,224 262,344
------------
Total Portugal 281,063
-------------------------------------------------------------------------------------
Singapore - 0.0%
Midas Holdings Ltd. 12,000 13,985
-------------------------------------------------------------------------------------
Spain - 0.7%
Acerinox S.A.(a) 19,573 587,334
Grupo Empresarial Ence S.A. 8,916 100,551
Tubos Reunidos S.A. 3,088 93,541
------------
Total Spain 781,426
-------------------------------------------------------------------------------------
Sweden - 2.8%
Billerud AB 7,000 93,600
Boliden AB 31,550 669,378
Holmen AB Class B 8,400 320,727
SSAB Svenskt Staal AB Series A 15,400 567,765
Svenska Cellulosa Aktiebolaget SCA Class B 78,800 1,464,775
------------
Total Sweden 3,116,245
-------------------------------------------------------------------------------------
Switzerland - 1.4%
Ciba Specialty Chemicals AG 11,015 559,613
Givaudan 475 437,511
Lonza Group AG 1,444 156,983
Schmolz + Bickenbach AG 1,021 95,003
Syngenta AG 1,279 274,807
------------
Total Switzerland 1,523,917
-------------------------------------------------------------------------------------
United Kingdom - 22.3%
Anglo American PLC 105,358 7,059,870
Antofagasta PLC 38,612 599,829
BHP Billiton PLC 140,786 5,019,528
Croda International PLC 6,998 91,247
DS Smith PLC 93,112 354,268
Elementis PLC 20,131 40,296
Filtrona PLC 18,875 87,870
Foseco PLC 8,878 39,160
Imperial Chemical Industries PLC 86,425 1,148,028
Johnson Matthey PLC 19,475 661,422
Kazakhmys PLC 29,377 840,909
Lonmin PLC 9,416 700,012
Rio Tinto PLC 66,237 5,705,596
Vedanta Resources PLC 12,532 518,301
Victrex PLC 4,631 62,271
Xstrata PLC 24,441 1,615,345
Yule Catto & Co. PLC 23,169 107,506
------------
Total United Kingdom 24,651,458
-------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $100,260,030) 110,270,016
=====================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 10.1%
MONEY MARKET FUNDS(b) - 10.1%
UBS Enhanced Yield Portfolio, 5.38% 4,020,754 4,020,754
UBS Private Money Market Fund LLC, 5.21% 7,157,303 7,157,303
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $11,178,057)(c) 11,178,057
=====================================================================================
TOTAL INVESTMENTS IN SECURITIES - 109.7%
(Cost: $111,438,087)(d) 121,448,073
Liabilities in Excess of Cash and
Other Assets - (9.7)% (10,724,899)
------------
NET ASSETS - 100.0% $110,723,174
=====================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $6,636,637 and the total market value of the collateral held by
the Fund was $11,178,057.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
16 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Communications Sector Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 7.4%
APN News & Media Ltd. 9,992 $ 46,157
ASG Group Ltd. 712 914
Austereo Group Ltd. 9,777 21,630
Iress Market Technology Ltd. 2,035 14,047
IWL Ltd. 1,447 8,170
John Fairfax Holdings Ltd.(a) 32,283 134,845
Oakton Ltd. 1,815 10,906
Publishing & Broadcasting Ltd.(a) 11,420 199,091
SAI Global Ltd.(a) 1,919 5,553
Seek Ltd. 1,619 13,052
Service Stream Ltd. 1,259 2,384
Seven Network Ltd. 4,065 47,125
SMS Management & Technology Ltd. 1,391 8,617
Southern Cross Broadcasting Australia Ltd.(a) 2,251 34,143
SP Telemedia Ltd. 5,784 2,278
STW Communications Group Ltd.(a) 5,276 12,139
Telstra Corp. Ltd. 361,469 1,394,686
Ten Network Holdings Ltd. 15,380 37,021
West Australian Newspapers Holdings Ltd.(a) 6,164 84,659
----------
Total Australia 2,077,417
-------------------------------------------------------------------------------
Belgium - 1.7%
Belgacom S.A. 8,646 400,109
Mobistar S.A. 995 86,813
----------
Total Belgium 486,922
-------------------------------------------------------------------------------
Finland - 5.6%
Alma Media Corp. 708 11,841
Elcoteq SE 404 2,723
Elektrobit Corp. 11 30
Elisa Oyj 2,993 92,792
Nokia Oyj 35,416 1,342,780
PKC Group Oyj 404 6,119
Sanoma-WSOY Oyj 2,990 92,741
Talentum Oyj 1,615 8,085
----------
Total Finland 1,557,111
-------------------------------------------------------------------------------
France - 7.1%
Alcatel-Lucent 21,207 217,149
Canal Plus S.A. 1,939 21,536
Havas S.A. 4,209 24,781
Iliad S.A. 24 2,218
JC Decaux S.A. 1,101 38,565
Lagardere SCA 1,359 115,363
M6, Metropole Television 2,810 81,323
NRJ Group(a) 742 9,655
PagesJaunes Groupe S.A. 12,894 264,239
Publicis Groupe 1,015 41,630
Television Francaise 1 S.A. 3,309 88,706
Vivendi 25,897 1,090,151
----------
Total France 1,995,316
-------------------------------------------------------------------------------
Germany - 7.0%
Comdirect Bank AG 1,934 24,039
Deutsche Telekom AG 97,146 1,903,791
United Internet AG 1,254 28,160
----------
Total Germany 1,955,990
-------------------------------------------------------------------------------
Hong Kong - 11.2%
China Mobile Ltd. 164,500 2,695,557
China Netcom Group Corp. (Hong Kong) Ltd. 59,000 157,968
China Unicom Ltd. 72,000 149,030
Next Media Ltd. 62,000 17,558
Oriental Press Group Ltd. 56,000 8,938
PCCW Ltd. 104,000 68,810
Television Broadcasts Ltd. 4,000 24,045
Tradelink Electronic Commerce Ltd. 8,000 1,102
----------
Total Hong Kong 3,123,008
-------------------------------------------------------------------------------
Ireland - 0.2%
Independent News & Media PLC 12,770 48,399
-------------------------------------------------------------------------------
Italy - 5.6%
Arnoldo Mondadori Editore SpA 4,689 45,246
CIR-Compagnie Industriali Riunite SpA 6,659 25,924
Gruppo Editoriale L'Espresso SpA 5,448 26,614
Mediaset SpA 30,972 318,899
RCS MediaGroup SpA 2,833 16,227
Seat Pagine Gialle SpA 38,506 21,412
Telecom Italia SpA 370,916 1,124,889
----------
Total Italy 1,579,211
-------------------------------------------------------------------------------
Japan - 4.5%
Hakuhodo DY Holdings, Inc. 200 14,016
Hikari Tsushin, Inc. 400 10,955
KDDI Corp. 15 111,116
Matsui Securities Co., Ltd. 2,200 16,833
Nippon Telegraph & Telephone Corp. 77 359,510
Nippon Television Network Corp. 120 15,431
NTT DoCoMo, Inc. 408 581,768
SBI Holdings, Inc. 252 66,058
SOFTBANK CORP. 500 9,216
Tokyo Broadcasting System, Inc. 600 16,798
Trend Micro, Inc. 1,000 43,211
Uniden Corp. 1,000 6,617
Yahoo Japan Corp. 32 12,103
----------
Total Japan 1,263,632
-------------------------------------------------------------------------------
Netherlands - 3.2%
Reed Elsevier N.V. 9,481 179,599
Royal KPN N.V. 35,300 610,957
Wegener N.V. 180 4,531
Wolters Kluwer N.V. 3,654 108,192
----------
Total Netherlands 903,279
-------------------------------------------------------------------------------
New Zealand - 1.0%
CanWest MediaWorks NZ Ltd. 5,624 11,431
Telecom Corp. of New Zealand Ltd.(a) 81,518 275,330
----------
Total New Zealand 286,761
-------------------------------------------------------------------------------
Norway - 0.1%
Schibsted ASA 600 31,426
-------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 17
Schedule of Investments (unaudited) (concluded)
WisdomTree International Communications Sector Fund
September 30, 2007
-------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------------
Portugal - 1.3%
Portugal Telecom, SGPS, S.A. 22,754 $ 318,095
PT Multimedia Servicos de Telecomunicacoes e
Multimedia, SGPS, S.A.(a) 3,905 57,978
-----------
Total Portugal 376,073
-------------------------------------------------------------------------------------
Singapore - 3.4%
Keppel Telecommunications & Transportation Ltd. 7,000 21,220
MobileOne Ltd. 21,600 29,829
Singapore Press Holdings Ltd. 24,000 69,844
Singapore Telecommunications Ltd. 280,000 758,261
StarHub Ltd. 29,330 61,250
Yellow Pages (Singapore) Ltd. 7,000 5,659
-----------
Total Singapore 946,063
-------------------------------------------------------------------------------------
Spain - 11.1%
Gestevision Telecinco, S.A. 8,503 222,624
Promotora de Informaciones, S.A. 943 18,574
Telefonica, S.A. 102,813 2,870,208
-----------
Total Spain 3,111,406
-------------------------------------------------------------------------------------
Sweden - 4.4%
Eniro AB 2,200 26,696
Tele2 AB Class B 3,600 77,492
Telefonaktiebolaget LM Ericsson Class A 11,000 43,462
Telefonaktiebolaget LM Ericsson Class B 125,000 498,528
TeliaSonera AB 63,500 571,780
-----------
Total Sweden 1,217,958
-------------------------------------------------------------------------------------
Switzerland - 1.2%
Kudelski S.A. 192 5,411
Swisscom AG 892 338,070
-----------
Total Switzerland 343,481
-------------------------------------------------------------------------------------
United Kingdom - 23.3%
Aegis Group PLC 5,628 14,333
Amstrad PLC 1,375 4,202
Bloomsbury Publishing PLC 428 1,288
British Sky Broadcasting Group PLC 16,176 229,045
BT Group PLC 157,596 985,709
Cable & Wireless PLC 36,485 136,772
Centaur Media PLC 1,135 2,740
Daily Mail & General Trust N.V. Class A 3,150 40,431
Emap PLC 2,914 52,185
Euromoney Institutional Investor PLC 1,631 17,578
Future PLC 6,344 5,655
GCAP Media PLC 2,922 12,353
Informa PLC 3,138 31,998
Inmarsat PLC 5,496 50,920
iomart Group PLC* 1,981 2,099
ITV PLC 45,735 95,601
Johnston Press PLC 2,410 15,945
Pearson PLC 13,390 206,647
Reed Elsevier PLC 15,804 198,985
Reuters Group PLC 13,326 174,573
Smiths News PLC 3,569 8,871
Taylor Nelson Sofres PLC 3,098 14,249
Trinity Mirror PLC 5,336 44,790
United Business Media PLC 2,322 32,760
UTV PLC 720 5,574
Vodafone Group PLC 1,082,528 3,892,684
Wilmington Group PLC 1,468 7,088
WPP Group PLC 7,055 95,153
Yell Group PLC 15,903 138,996
-----------
Total United Kingdom 6,519,224
-------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $23,584,692) 27,822,677
=====================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 2.4%
MONEY MARKET FUNDS(b) - 2.4%
UBS Enhanced Yield Portfolio, 5.38% 508,404 508,404
UBS Private Money Market Fund LLC, 5.21% 160,673 160,673
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $669,077)(c) 669,077
=====================================================================================
TOTAL INVESTMENTS IN SECURITIES - 101.7%
(Cost: $24,253,769)(d) 28,491,754
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (1.7)% (476,141)
-----------
NET ASSETS - 100.0% $28,015,613
=====================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $633,364 and the total market value of the collateral held by the
Fund was $669,077.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
18 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Consumer Cyclical Sector Fund
September 30, 2007
-------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Australia - 7.0%
Alesco Corp., Ltd. 813 $ 9,339
ARB Corp., Ltd. 519 1,906
Aristocrat Leisure Ltd. 2,376 29,226
Billabong International Ltd. 1,285 17,035
Coles Group Ltd. 7,770 105,892
David Jones Ltd. 5,138 23,189
Fantastic Holdings Ltd. 685 2,425
Flight Centre Ltd. 1,005 19,299
Funtastic Ltd. 1,788 2,255
Harvey Norman Holdings Ltd. 4,690 24,736
Infomedia Ltd. 4,508 2,374
JB Hi-Fi Ltd. 318 4,055
Just Group Ltd. 2,066 9,507
Qantas Airways Ltd. 10,296 50,842
Reject Shop Ltd. (The) 201 2,401
Specialty Fashion Group Ltd. 1,250 1,781
Spotless Group Ltd. 2,342 8,995
Sunland Group Ltd. 2,772 9,935
Super Cheap Auto Group Ltd. 789 3,135
TABCORP Holdings Ltd. 6,551 87,828
Tattersall's Ltd. 7,397 25,988
-------
Total Australia 442,143
-------------------------------------------------------------------------------
Denmark - 0.0%
Bang & Olufsen A/S Class B 25 2,814
-------------------------------------------------------------------------------
Finland - 0.5%
Amer Sports OYJ 480 11,093
Nokian Renkaat OYJ 344 13,434
Stockmann Oyj Abp Class B 165 7,938
-------
Total Finland 32,465
-------------------------------------------------------------------------------
France - 13.4%
Accor S.A. 1,185 104,924
Air France-KLM S.A. 472 17,298
Compagnie Generale des Etablissements Michelin
Class B 567 76,024
Hermes International 247 27,722
Kaufman & Broad S.A. 65 3,998
Peugeot S.A. 1,344 110,630
PPR S.A. 654 122,717
Rallye S.A. 346 24,603
Renault S.A. 1,838 265,626
SEB S.A. 14 2,598
Sodexho Alliance S.A. 718 49,524
THOMPSON 1,319 20,034
Trigano S.A. 62 2,795
Valeo S.A. 403 22,363
-------
Total France 850,856
-------------------------------------------------------------------------------
Germany - 13.2%
adidas AG 286 18,710
Bayerische Motoren Werke AG 1,587 102,082
Beate Uhse AG 1,636 7,050
Bechtle AG 79 3,422
Continental AG 409 56,409
DaimlerChrysler AG 4,092 411,085
Deutsche Lufthansa AG 2,671 76,618
Douglas Holding AG 171 10,654
Fielmann AG 53 3,525
Gerry Weber International AG 71 2,288
Grammer AG 37 1,171
Hugo Boss AG 2 139
Praktiker Bau- und Heimwerkermaerkt AG 75 2,800
Puma AG Rudolf Dassler Sport 17 7,286
Takkt AG 141 2,386
Volkswagen AG 571 128,710
-------
Total Germany 834,335
-------------------------------------------------------------------------------
Hong Kong - 1.7%
Cathay Pacific Airways Ltd. 19,000 51,972
China Travel International Investment Hong Kong
Ltd. 24,000 17,764
Denway Motors Ltd. 32,000 18,577
Fountain Set (Holdings) Ltd. 2,000 731
Goldlion Holdings Ltd. 10,000 3,591
Hongkong & Shanghai Hotels Ltd. (The) 3,000 5,321
Shaw Brothers (Hong Kong) Ltd. 2,000 3,620
Shell Electric Manufacturing (Holdings) Co. Ltd. 3,000 3,089
-------
Total Hong Kong 104,665
-------------------------------------------------------------------------------
Ireland - 0.1%
Abbey PLC 249 2,435
Paddy Power PLC 119 4,194
-------
Total Ireland 6,629
-------------------------------------------------------------------------------
Italy - 2.7%
Amplifon SpA 291 2,299
Autogrill SpA 684 13,142
Brembo SpA 299 3,948
Bulgari SpA 1,368 21,478
Fiat SpA 1,069 32,245
Geox SpA 1,179 25,268
Indesit Co. SpA 822 14,133
Lottomatica SpA 763 27,507
MARR SpA 234 2,544
Marzotto SpA 558 3,162
Sogefi SpA 548 4,699
Tod's SpA 219 18,341
Valentino Fashion Group SpA 65 3,194
-------
Total Italy 171,960
-------------------------------------------------------------------------------
Japan - 34.2%
ABC-Mart, Inc. 400 8,677
Advan Co., Ltd. 100 856
Aisan Industry Co., Ltd. 100 1,213
Aisin Seiki Co., Ltd. 300 11,972
Akebono Brake Industry Co., Ltd. 1,000 6,408
All Nippon Airways Co., Ltd. 2,000 7,790
Alpen Co., Ltd. 300 4,019
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 19
Schedule of Investments (unaudited) (continued)
WisdomTree International Consumer Cyclical Sector Fund
September 30, 2007
---------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------
Alpine Electronics, Inc. 200 $ 2,942
AOKI Holdings, Inc. 100 1,978
Arcs Co., Ltd. 210 2,962
ASICS Corp. 1,000 15,459
Avex Group Holdings, Inc. 300 3,915
Best Denki Co., Ltd. 500 3,530
Bosch Corp. 1,000 4,852
Bridgestone Corp. 1,300 28,709
Calsonic Kansei Corp. 1,000 3,904
Canon Electronics, Inc. 150 3,828
Chiyoda Co., Ltd. 100 1,435
Circle K Sunkus Co., Ltd. 200 3,104
Citizen Watch Co., Ltd. 700 7,036
Daidoh Ltd. 600 7,663
Daihatsu Motor Co., Ltd. 1,000 10,373
Daikoku Denki Co., Ltd. 300 4,043
DENSO CORP. 1,500 56,471
Don Quijote Co., Ltd. 100 2,065
Doshisha Co., Ltd. 100 1,656
Edion Corp. 500 5,560
FamilyMart Co., Ltd. 200 5,208
FCC Co., Ltd. 100 1,800
France Bed Holdings Co., Ltd. 3,000 4,330
Futaba Industrial Co., Ltd. 100 2,574
Gulliver International Co., Ltd. 70 3,311
Gunze Ltd. 1,000 4,921
Hakuto Co., Ltd. 100 1,461
Hanwa Co., Ltd. 1,000 5,060
Heiwa Corp. 700 8,228
Heiwado Co., Ltd. 100 1,592
Hino Motors Ltd. 1,000 7,634
HIS Co., Ltd. 100 1,878
Hitachi High-Technologies Corp. 100 2,287
Hitachi Maxell Ltd. 300 3,234
Honda Motor Co., Ltd. 5,900 198,009
Impact 21 Co., Ltd. 100 2,256
Inaba Denki Sangyo Co., Ltd. 100 3,634
Isetan Co., Ltd. 300 4,040
Isuzu Motors Ltd. 1,000 5,721
ITOCHU Corp. 3,000 36,387
Itochu Enex Co., Ltd. 300 2,029
Izumi Co., Ltd. 200 2,725
JTEKT Corp. 200 3,521
Kanto Auto Works Ltd. 200 2,695
Keihin Corp. 100 1,900
Keiyo Co., Ltd. 400 2,111
Kenwood Corp. 3,000 4,226
Kojima Co., Ltd. 300 1,815
Kokuyo Co., Ltd. 400 4,153
Komeri Co., Ltd. 100 2,687
Konaka Co., Ltd. 400 3,036
Kurabo Industries Ltd. 2,000 4,973
Kuraray Co., Ltd. 500 6,325
Lawson, Inc. 400 12,624
Mars Engineering Corp. 200 3,669
Marubeni Corp. 2,000 18,328
Marui Co., Ltd. 2,500 27,562
Matsumotokiyoshi Co., Ltd. 100 1,848
Mazda Motor Corp. 2,000 10,103
Ministop Co., Ltd. 100 1,782
Mitsubishi Corp. 4,600 145,580
Mitsubishi Rayon Co., Ltd. 1,000 7,077
Mitsui & Co., Ltd. 4,000 97,031
Mitsui Home Co., Ltd. 1,000 5,782
Mitsukoshi Ltd. 1,000 4,530
Mitsuuroko Co., Ltd. 200 1,417
Mizuno Corp. 1,000 5,582
MOS Food Services, Inc. 100 1,371
Namco Bandai Holdings, Inc. 600 8,712
Nidec Sankyo Corp. 1,000 6,695
Nifco, Inc. 200 4,782
Nishimatsuya Chain Co., Ltd. 100 1,267
Nissan Motor Co., Ltd. 20,200 202,149
Nissin Kogyo Co., Ltd. 100 2,878
Nitori Co., Ltd. 50 2,361
NOK Corp. 300 6,417
Noritake Co., Ltd. 1,000 4,765
Noritz Corp. 100 1,396
Onward Kashiyama Co., Ltd. 1,000 10,103
Oriental Land Co., Ltd. 100 5,791
Parco Co., Ltd. 600 7,997
Pioneer Corp. 500 6,125
Plenus Co., Ltd. 200 3,266
Point, Inc. 20 689
RESORTTRUST, Inc. 120 2,551
Ryohin Keikaku Co., Ltd. 100 5,747
Ryoshoku Ltd. 100 2,339
Ryoyo Electro Corp. 100 1,444
Sanei-International Co., Ltd. 200 3,999
Sangetsu Co., Ltd. 400 8,694
Sankyo Seiko Co., Ltd. 500 1,856
Sanrio Co., Ltd. 200 2,066
Seiko Holdings Corp. 1,000 5,895
Seiren Co., Ltd. 500 3,295
Sekisui Chemical Co., Ltd. 2,000 14,659
Sekisui House, Ltd. 2,000 25,145
Seven & I Holdings Co., Ltd. 2,700 69,369
Shimachu Co., Ltd. 100 2,643
Showa Corp. 100 1,190
Sony Corp. 800 38,743
Sumitomo Corp. 3,100 59,836
Sumitomo Rubber Industries, Inc. 600 7,533
Sundrug Co., Ltd. 100 2,274
Suzuki Motor Corp. 300 8,868
Takamatsu Corp. 400 5,631
Takashimaya Co., Ltd. 1,000 11,086
See Notes to Financial Statements.
20 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International Consumer Cyclical Sector Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Teijin Ltd. 2,000 $ 9,756
Toei Co., Ltd. 1,000 5,182
Toho Co., Ltd. 100 1,974
Tokai Rika Co., Ltd. 100 2,782
Token Corp. 60 2,947
TOMY Co., Ltd. 200 1,059
Toray Industries, Inc. 4,000 31,719
TOTO Ltd. 1,000 7,243
Toyo Tire & Rubber Co., Ltd. 1,000 5,825
Toyobo Co., Ltd. 3,000 7,016
Toyoda Gosei Co., Ltd. 100 3,617
Toyota Auto Body Co., Ltd. 200 3,309
Toyota Boshoku Corp. 200 6,747
Toyota Motor Corp. 9,200 542,328
Toyota Tsusho Corp. 300 7,955
Trusco Nakayama Corp. 100 1,730
Unitika Ltd. 3,000 3,573
UNY Co., Ltd. 1,000 8,703
USS Co., Ltd. 70 4,595
Wacoal Holdings Corp. 1,000 12,268
Xebio Co., Ltd. 100 2,434
Yamada Denki Co., Ltd. 40 3,954
Yamaha Corp. 400 8,955
Yamaha Motor Co., Ltd. 500 12,737
Yokohama Rubber Co., Ltd. (The) 1,000 7,477
Zensho Co., Ltd. 100 1,009
---------
Total Japan 2,169,617
--------------------------------------------------------------------------------
Netherlands - 0.4%
Beter BED Holdings N.V. 118 3,313
Buhrmann N.V. 916 9,953
Macintosh Retail Group N.V. 83 2,911
Univar N.V. 96 7,262
---------
Total Netherlands 23,439
--------------------------------------------------------------------------------
New Zealand - 0.9%
Air New Zealand Ltd. 7,584 14,154
Fisher & Paykel Appliances Holdings Ltd. 2,587 6,959
Hallenstein Glasson Holdings Ltd. 970 3,269
Pumpkin Patch Ltd. 784 1,842
Sky City Entertainment Group Ltd. 4,595 18,124
Warehouse Group Ltd. (The) 2,885 11,989
---------
Total New Zealand 56,337
--------------------------------------------------------------------------------
Norway - 0.2%
Ekornes ASA 400 8,484
NorGani Hotels ASA 200 3,449
---------
Total Norway 11,933
--------------------------------------------------------------------------------
Portugal - 0.3%
SAG GEST-Solucoes Automovel Globais, SGPS, S.A. 1,958 5,820
Sonae SGPS, S.A. 6,273 16,236
---------
Total Portugal 22,056
--------------------------------------------------------------------------------
Singapore - 1.6%
Hotel Plaza Ltd. 3,000 4,385
Hotel Properties Ltd. 1,000 3,180
HTL International Holdings Ltd. 2,000 1,132
Jardine Cycle & Carriage Ltd. 1,000 12,463
Robinson & Co., Ltd. 1,000 3,274
Singapore Airlines Ltd. 5,600 70,167
Stamford Land Corp., Ltd. 7,000 2,900
Tat Hong Holdings Ltd. 2,000 3,247
---------
Total Singapore 100,748
--------------------------------------------------------------------------------
Spain - 2.1%
Adolfo Dominguez 61 2,911
Cia de Distribucion Integral Logista S.A. 136 10,328
IBERIA, Lineas Aereas de Espana, S.A. 2,804 13,638
Inditex S.A. 1,518 102,026
Tavex Algodonera S.A. 1,553 5,367
---------
Total Spain 134,270
--------------------------------------------------------------------------------
Sweden - 5.1%
Bilia AB Class A 300 5,414
Clas Ohlson AB Class B 100 2,435
Electrolux AB Series B 1,526 32,199
H&M Hennes & Mauritz AB Class B 3,550 224,172
New Wave Group AB 200 1,979
Nobia AB 450 4,313
Scania AB Class A 100 2,551
Scania AB Class B 1,900 46,112
SkiStar AB 100 1,812
---------
Total Sweden 320,987
--------------------------------------------------------------------------------
Switzerland - 0.4%
Swatch Group AG (The) 181 11,551
Swatch Group AG (The) Class B 45 14,715
---------
Total Switzerland 26,266
--------------------------------------------------------------------------------
United Kingdom - 15.3%
Alexon Group PLC 415 1,568
Barratt Developments PLC 2,502 38,129
Bellway PLC 771 16,195
Blacks Leisure Group PLC 976 5,443
Bovis Homes Group PLC 1,044 13,911
Brammer PLC 2,220 12,042
BSS Group PLC 2,021 18,899
Burberry Group PLC 1,318 17,642
Carnival PLC 822 39,087
Carpetright PLC 731 15,667
Carphone Warehouse Group PLC 972 6,901
Christian Salvesen PLC 4,264 5,473
Clinton Cards PLC 2,366 2,555
Compass Group PLC 11,724 72,135
Debenhams PLC 7,053 13,543
Diploma PLC 107 2,405
Domino's Pizza UK & IRL PLC 444 2,067
Enterprise Inns PLC 2,180 26,293
Findel PLC 382 5,012
French Connection Group PLC 709 2,030
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 21
Schedule of Investments (unaudited) (concluded)
WisdomTree International Consumer Cyclical Sector Fund
September 30, 2007
--------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------
Game Group PLC 1,819 $ 7,115
Games Workshop Group PLC 1,168 6,050
GKN PLC 5,638 40,662
Halfords Group PLC 1,702 12,293
Headlam Group PLC 811 9,311
Holidaybreak PLC 318 4,827
Home Retail Group PLC 1,282 9,736
IG Group Holdings PLC 385 2,971
Inchcape PLC 2,552 21,889
Intercontinental Hotels Group PLC 1,128 22,303
JJB Sports PLC 2,280 7,154
John Menzies PLC 365 4,164
Kesa Electricals PLC 3,582 20,087
Kier Group PLC 511 19,021
Kingfisher PLC 21,592 78,655
Ladbrokes PLC 3,256 28,641
Land of Leather Holdings PLC 416 1,824
Laura Ashley Holdings PLC 5,585 2,958
Lookers PLC 1,069 2,853
Luminar PLC 387 4,739
Majestic Wine PLC 222 1,506
Marks & Spencer Group PLC 8,094 101,498
Mitchells & Butlers PLC 348 4,332
Mothercare PLC 322 2,501
N. Brown Group PLC 1,325 7,343
Next PLC 1,085 43,415
Pendragon PLC 6,631 8,072
Persimmon PLC 2,490 48,903
Punch Taverns PLC 591 11,872
Raymarine PLC 269 1,398
Redrow PLC 1,269 10,451
Signet Group PLC 12,689 21,651
Ted Baker PLC 344 3,644
Topps Tiles PLC 2,181 8,743
Umbro PLC 2,332 5,286
Wetherspoon (J.D.) PLC 763 8,239
WH Smith PLC 320 2,503
Whitbread PLC 858 28,353
William Hill PLC 1,917 25,133
----------
Total United Kingdom 969,093
--------------------------------------------------------------------------
TOTAL INVESTMENTS IN SECURITIES - 99.1%
(Cost: $5,316,831)(a) 6,280,613
Cash, Foreign Currency and Other Assets in Excess
of Liabilites - 0.9% 55,324
----------
NET ASSETS - 100.0% $6,335,937
==========================================================================
(a) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
22 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Consumer Non-Cyclical Sector Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Australia - 5.9%
A.B.C. Learning Centres Ltd. 3,529 $ 20,518
AWB Ltd.(a) 13,126 28,575
Boom Logistics Ltd. 5,147 13,756
Candle Australia Ltd. 1,105 3,207
Chandler Macleod Ltd. 1,187 945
Coates Hire Ltd. 3,764 20,152
Coca-Cola Amatil Ltd. 18,132 144,413
Cochlear Ltd. 484 33,392
Corporate Express Australia Ltd. 2,987 18,662
CSL Ltd. 883 83,845
Foster's Group Ltd. 40,913 236,425
Goodman Fielder Ltd. 10,456 23,873
GrainCorp Ltd. 198 1,717
Healthscope Ltd. 3,724 18,982
Invocare Ltd. 1,880 10,931
Lion Nathan Ltd. 10,980 89,686
Metcash Ltd. 3,521 14,707
Pacific Brands Ltd. 18,458 50,637
Primary Health Care Ltd.(a) 1,884 20,307
Programmed Maintenance Services Ltd. 2,120 10,131
Ramsay Health Care Ltd. 1,988 18,824
Sigma Pharmaceuticals Ltd.(a) 13,561 17,581
Skilled Group Ltd. 2,084 9,959
Sonic Healthcare Ltd. 4,272 58,976
Symbion Health Ltd. 9,260 34,172
Woolworths Ltd. 16,027 421,380
---------
Total Australia 1,405,753
----------------------------------------------------------------------------------
Belgium - 1.8%
Colruyt S.A. 49 10,324
Delhaize Group 763 72,919
InBev N.V. 2,875 259,876
Omega Pharma S.A. 270 23,615
UCB S.A. 1,165 68,559
---------
Total Belgium 435,293
----------------------------------------------------------------------------------
Denmark - 1.4%
Carlsberg A/S Class B 200 27,245
Coloplast A/S Class B 200 18,965
Danisco A/S 200 15,511
H. Lundbeck A/S 1,600 43,348
Novo-Nordisk A/S Class B 1,600 192,622
Novozymes A/S Class B 200 25,070
---------
Total Denmark 322,761
----------------------------------------------------------------------------------
Finland - 0.7%
HK-Ruokatalo Oyj Class A 1,198 24,994
Kemira GrowHow Oyj 1,213 20,718
Kesko OYJ Class B 807 53,470
Orion Oyj Class B 1,349 34,187
Poyry Oyj 807 20,176
Ramirent Oyj 40 864
---------
Total Finland 154,409
----------------------------------------------------------------------------------
France - 14.8%
Assystem 168 2,626
Carrefour S.A. 7,226 504,882
Casino Guichard Perrachon S.A. 1,439 150,498
Christian Dior S.A. 1,377 175,738
Cie Generale D'Optique Essilor International S.A. 1,254 78,469
Clarins 272 20,838
Groupe Danone 4,840 379,953
Groupe Steria SCA 270 13,627
Ipsen 175 10,067
L'Oreal S.A. 4,410 576,994
Pernod-Ricard S.A. 543 118,174
Remy Cointreau S.A. 563 40,674
Sanofi-Aventis 14,487 1,223,387
Societe BIC SA 228 19,494
Societe Des Autoroutes Paris-Rhin-Rhone 2,011 210,777
---------
Total France 3,526,198
----------------------------------------------------------------------------------
Germany - 4.6%
Bayer Schering Pharma AG 2,709 405,101
Beiersdorf AG 1,385 103,447
Celesio AG 1,165 73,330
Fresenius AG 336 25,287
Fresenius Medical Care AG & Co. KGaA 1,548 82,049
Henkel KGaA 1,512 71,411
IDS Scheer AG 128 2,812
Merck KGaA 192 23,100
Metro AG 2,567 231,233
Rhoen-Klinikum AG 416 13,282
Sixt AG 88 4,389
Stada Arzneimittel AG 212 13,787
Suedzucker AG 2,008 40,236
---------
Total Germany 1,089,464
----------------------------------------------------------------------------------
Hong Kong - 0.0%
Cross-Harbour (Holdings) Ltd. 4,000 4,356
----------------------------------------------------------------------------------
Ireland - 0.4%
C&C Group PLC 2,556 20,974
Fyffes PLC 2,609 3,376
Glanbia PLC 2,316 13,899
Greencore Group PLC 2,396 15,589
Iaws Group PLC 424 9,377
Kerry Group PLC Class A 555 16,417
United Drug PLC 1,201 5,560
---------
Total Ireland 85,192
----------------------------------------------------------------------------------
Italy - 1.2%
Autostrada Torino-Milano SpA 1,157 27,347
Autostrade SpA 4,223 142,276
Davide Campari-Milano SpA 1,473 15,083
Fiera Milano SpA 420 3,614
Luxottica Group SpA 1,852 62,869
Recordati SpA 1,621 15,284
Societa Iniziative Autostradali e Servizi SpA 1,828 27,505
---------
Total Italy 293,978
----------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 23
Schedule of Investments (unaudited) (continued)
WisdomTree International Consumer Non-Cyclical Sector Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------
Japan - 7.6%
Ajinomoto Co., Inc. 2,000 $ 25,040
Alfresa Holdings Corp. 300 19,119
Asahi Breweries, Ltd. 2,000 30,431
Astellas Pharma, Inc. 3,800 182,046
Chugai Pharmaceutical Co., Ltd. 2,000 32,987
Coca-Cola West Holdings Co., Ltd. 400 9,390
Dai Nippon Printing Co., Ltd. 4,000 57,106
Daiichi Sankyo Co., Ltd 3,700 110,986
Dainippon Sumitomo Pharma Co., Ltd. 1,000 9,286
Eisai Co., Ltd. 1,600 75,538
Fancl Corp. 400 5,203
Fuji Oil Co., Ltd. 400 2,956
Hisamitsu Pharmaceutical Co., Inc. 400 10,851
Hokuto Corp. 400 6,580
House Foods Corp. 400 6,973
ITO EN LTD. 400 9,738
Japan Tobacco, Inc. 24 131,670
Kagome Co., Ltd. 400 7,130
Kao Corp. 3,000 89,467
Katokichi Co., Ltd. 800 3,659
Kikkoman Corp. 1,000 15,076
Kirin Brewery Co., Ltd. 4,000 52,863
Kyodo Printing Co., Ltd. 3,000 9,207
Kyowa Hakko Kogyo Co., Ltd. 4,000 41,142
Mediceo Paltac Holdings Co., Ltd. 1,300 19,848
Meiji Dairies Corp. 2,000 11,285
Meitec Corp. 400 11,720
Mikuni Coca-Cola Bottling Co., Ltd. 400 4,466
Mitsui Sugar Co., Ltd. 4,000 14,120
Nichii Gakkan Co.(a) 400 6,893
Nihon Kohden Corp. 400 7,338
Nippon Meat Packers, Inc. 2,000 22,188
Nippon Parking Development Co., Ltd. 101 5,445
Nippon Suisan Kaisha Ltd. 1,200 6,333
Nissha Printing Co., Ltd. 200 5,808
Nisshin Seifun Group, Inc. 2,000 18,798
Nissin Food Products Co., Ltd. 400 14,259
Nosan Corp. 4,000 10,399
Paramount Bed Co., Ltd. 400 5,363
Paris Miki, Inc.(a) 400 5,425
QP Corp. 800 7,310
Sakata Seed Corp.(a) 400 5,380
Secom Co., Ltd. 800 38,465
Seikagaku Corp. 400 4,612
Shimadzu Corp. 2,000 20,450
Shionogi & Co., Ltd. 1,000 15,398
Shiseido Co., Ltd. 2,000 44,342
Sohgo Security Services Co., Ltd. 400 6,490
Starzen Co., Ltd. 1,000 2,278
Suzuken Co., Ltd. 400 13,459
T. Hasegawa Co., Ltd. 400 7,529
Taisho Pharmaceutical Co., Ltd. 1,000 19,650
Takeda Pharmaceutical Co., Ltd. 5,000 351,259
Tanabe Seiyaku Co., Ltd. 1,000 12,607
Terumo Corp. 400 20,171
TIS, Inc. 400 7,790
Toho Pharmaceutical Co., Ltd. 400 6,869
Tokyu Store Chain Co., Ltd. 1,000 4,321
Topcon Corp. 400 7,130
Toppan Forms Co., Ltd. 800 8,062
Toppan Printing Co., Ltd. 4,000 41,142
Uni-Charm Corp. 400 24,519
Valor Co., Ltd. 400 4,333
Yakult Honsha Co., Ltd. 400 9,094
Zenrin Co., Ltd. 400 10,016
---------
Total Japan 1,806,808
-------------------------------------------------------------------------
Netherlands - 7.6%
CSM N.V. 995 33,282
Heineken Holding N.V. 1,317 75,293
Heineken N.V. 2,292 150,005
Koninklijke Wessanen N.V. 1,509 22,168
Nutreco Holding N.V. 160 11,279
Randstad Holdings N.V. 635 34,235
Unilever N.V. 26,381 810,759
Unilever N.V. CVA 20,498 631,125
USG People N.V. 563 16,005
Vedior N.V. 983 21,571
---------
Total Netherlands 1,805,722
-------------------------------------------------------------------------
New Zealand - 0.2%
Fisher & Paykel Healthcare Corp. 6,909 17,227
PGG Wrightson Ltd. 6,713 9,790
Port of Tauranga Ltd. 2,751 13,927
Ryman Healthcare Ltd. 3,715 5,839
---------
Total New Zealand 46,783
-------------------------------------------------------------------------
Norway - 0.7%
Orkla ASA 9,600 170,497
-------------------------------------------------------------------------
Portugal - 0.4%
Brisa-Auto Estradas de Portugal S.A. 6,467 84,613
-------------------------------------------------------------------------
Singapore - 0.7%
China Merchants Holdings Pacific Ltd. 12,000 6,710
Fraser and Neave Ltd. 16,000 61,437
OSIM International Ltd. 1,000 404
Parkway Holdings Ltd. 12,000 34,275
Raffles Education Corp., Ltd. 8,000 12,341
SIA Engineering Co., Ltd. 8,000 26,407
Singapore Airport Terminal Services Ltd. 16,000 29,533
Singapore Food Industries Ltd. 12,000 6,548
---------
Total Singapore 177,655
-------------------------------------------------------------------------
Spain - 1.8%
Abertis Infraestructuras S.A. 5,357 167,073
Altadis, S.A. 2,536 177,948
Campofrio Alimentacion S.A. 765 13,599
Cintra Concesiones de Infraestructuras de
Transporte, S.A. 1,365 20,732
See Notes to Financial Statements.
24 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International Consumer Non-Cyclical Sector Fund
September 30, 2007
------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------------
Ebro Puleva S.A. 1,189 $ 24,316
Europistas, Concesionaria Espanola, S.A. 1,121 10,936
FAES FARMA, S.A. 560 9,931
Prosegur Cia de Seguridad S.A. 384 13,926
-----------
Total Spain 438,461
------------------------------------------------------------------------------------
Sweden - 0.7%
Axfood AB 1,000 33,622
Getinge AB Class B 1,600 38,584
Q-Med AB 400 5,720
Securitas AB Class B 3,200 42,046
Swedish Match AB 2,400 49,714
-----------
Total Sweden 169,686
------------------------------------------------------------------------------------
Switzerland - 11.9%
Adecco S.A. 911 53,691
Nestle S.A. 2,719 1,217,290
Novartis AG 16,616 913,866
Roche Holding AG 3,369 608,796
SGS S.A. 36 40,986
-----------
Total Switzerland 2,834,629
------------------------------------------------------------------------------------
United Kingdom - 37.0%
Accident Exchange Group PLC 7,152 20,254
Aggreko PLC 2,610 30,735
Associated British Foods PLC 4,982 81,251
AstraZeneca PLC 19,773 986,567
Atkins WS PLC 663 15,426
Babcock International Group PLC 1,233 12,811
Bespak PLC 213 2,853
British American Tobacco PLC 29,136 1,039,990
Bunzl PLC 3,752 53,547
Cadbury Schweppes PLC 19,779 228,482
Capita Group PLC 4,087 60,285
communisis PLC 3,560 5,258
Davis Service Group PLC 2,851 31,104
Dawson Holdings PLC 5,390 11,421
De La Rue PLC 2,281 33,925
Dechra Pharmaceuticals PLC 512 3,635
Diageo PLC 33,988 743,695
Genus PLC 376 5,121
GlaxoSmithKline PLC 83,657 2,210,588
Greene King PLC 1,245 22,372
Hays PLC 12,848 34,814
Hikma Pharmaceuticals PLC 888 7,599
Homeserve PLC 336 11,843
Imperial Tobacco Group PLC 8,616 393,380
Inspace PLC 358 1,050
Interserve PLC 1,736 16,818
Intertek Group PLC 939 18,117
ITE Group PLC 3,110 10,898
J. Sainsbury PLC 13,799 162,355
Michael Page International PLC 1,609 13,522
Premier Foods PLC 14,535 66,037
Rank Group PLC 13,043 42,982
Reckitt Benckiser PLC 5,628 329,309
Rentokil Initial PLC 35,267 119,920
RPS Group PLC 1,879 12,968
SABMiller PLC 12,616 357,788
Scottish & Newcastle PLC 16,162 201,352
Serco Group PLC 1,820 15,388
Shire PLC 955 23,367
Smith & Nephew PLC 5,077 61,803
St. Ives Group PLC 3,341 13,954
Tate & Lyle PLC 7,300 59,862
Tesco PLC 68,646 614,318
Tribal Group PLC 1,442 4,113
Unilever PLC 17,010 535,424
Wm. Morrison Supermarkets PLC 12,814 73,686
-----------
Total United Kingdom 8,801,987
------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $21,537,407) 23,654,245
====================================================================================
RIGHTS* - 0.0%
Belgium - 0.0%
Omega Pharma SA, expiring 10/03/07
(Cost: $0) 270 -
====================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $21,537,407) 23,654,245
====================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.2%
MONEY MARKETS(b) - 0.2%
AIM Liquid Assets Portfolio, 5.11% 8 8
UBS Enhanced Yield Portfolio, 5.38% 2,186 2,186
UBS Private Money Market Fund LLC, 5.21% 52,659 52,659
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $54,853)(c) 54,853
====================================================================================
TOTAL INVESTMENTS IN SECURITIES - 99.6%
(Cost: $21,592,260)(d) 23,709,098
Cash, Foreign Currency and Other Assets in Excess
of Liabilities - 0.4% 99,080
-----------
NET ASSETS - 100.0% $23,808,178
====================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $51,521 and the total market value of the collateral held by the
Fund was $54,853.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 25
Schedule of Investments (unaudited)
WisdomTree International Energy Sector Fund
September 30, 2007
-------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Australia - 11.9%
Caltex Australia Ltd.(a) 51,640 $ 1,075,751
MacArthur Coal Ltd.(a) 13,847 83,327
Origin Energy Ltd. 139,355 1,270,219
Santos Ltd. 101,076 1,346,181
Woodside Petroleum Ltd. 46,193 2,052,101
-----------
Total Australia 5,827,579
-------------------------------------------------------------------------------------
Austria - 2.6%
OMV AG 18,979 1,263,987
Schoeller-Bleckmann Oilfield Equipment AG 70 5,943
-----------
Total Austria 1,269,930
-------------------------------------------------------------------------------------
Finland - 2.1%
Neste Oil Oyj 28,022 1,022,987
-------------------------------------------------------------------------------------
France - 11.4%
Etablissements Maurel et Prom 459 9,778
Technip S.A. 14,539 1,296,424
TOTAL S.A. 53,224 4,315,986
-----------
Total France 5,622,188
-------------------------------------------------------------------------------------
Hong Kong - 6.3%
CNOOC Ltd. 1,852,000 3,113,426
-------------------------------------------------------------------------------------
Italy - 11.1%
Eni SpA 106,730 3,944,918
Saipem SpA 35,235 1,499,273
-----------
Total Italy 5,444,191
-------------------------------------------------------------------------------------
Japan - 8.6%
Cosmo Oil Co., Ltd. 6,000 28,588
Nippon Mining Holdings Inc. 104,500 1,048,498
Nippon Oil Corp. 118,000 1,094,692
Showa Shell Sekiyu K.K. 81,600 1,047,891
TonenGeneral Sekiyu K.K. 100,000 1,004,217
-----------
Total Japan 4,223,886
-------------------------------------------------------------------------------------
Netherlands - 2.2%
Fugro N.V. 1,088 88,088
SBM Offshore N.V. 25,793 1,011,309
-----------
Total Netherlands 1,099,397
-------------------------------------------------------------------------------------
New Zealand - 2.0%
New Zealand Refining Co., Ltd. (The) 170,717 980,352
-------------------------------------------------------------------------------------
Norway - 8.4%
Norsk Hydro ASA 46,250 2,000,207
ProSafe ASA 2,800 49,677
Statoil ASA 61,800 2,094,287
-----------
Total Norway 4,144,171
-------------------------------------------------------------------------------------
Singapore - 0.2%
CH Offshore Ltd. 35,000 21,456
KS Energy Services Ltd. 7,000 18,768
Singapore Petroleum Co., Ltd. 8,000 36,647
-----------
Total Singapore 76,871
-------------------------------------------------------------------------------------
Spain - 6.6%
Cia Espanola de Petroleos S.A.(a) 14,282 1,433,966
Repsol YPF, S.A. 50,636 1,803,900
-----------
Total Spain 3,237,866
-------------------------------------------------------------------------------------
United Kingdom - 26.0%
BG Group PLC 86,389 1,488,998
BP PLC 368,585 4,261,563
Burren Energy PLC 1,074 18,380
Expro International Group PLC 1,387 27,778
John Wood Group PLC 4,898 39,542
Royal Dutch Shell PLC Class A 84,994 3,492,686
Royal Dutch Shell PLC Class B 80,577 3,302,969
Tullow Oil PLC 12,592 152,900
-----------
Total United Kingdom 12,784,816
-------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $43,454,128) 48,847,660
=====================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.4%
MONEY MARKET FUNDS(b) - 3.4%
UBS Enhanced Yield Portfolio, 5.38% 2,342 2,342
UBS Private Money Market Fund LLC, 5.21% 1,644,396 1,644,396
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $1,646,738)(c) 1,646,738
=====================================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.8%
(Cost: $45,100,866)(d) 50,494,398
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (2.8)% (1,356,885)
-----------
NET ASSETS - 100.0% $49,137,513
=====================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,567,818 and the total market value of the collateral held by
the Fund was $1,646,738.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
26 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Financial Sector Fund
September 30, 2007
-----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------------
COMMON STOCKS - 99.1%
Australia - 12.9%
AMP Ltd. 19,516 $ 182,033
ASX Ltd. 1,270 60,409
Australia & New Zealand Banking Group Ltd. 17,824 468,469
AXA Asia Pacific Holdings Ltd. 6,778 46,786
Cabcharge Australia Ltd. 723 6,411
Challenger Financial Services Group Ltd. 2,663 14,611
Commonwealth Bank of Australia 11,814 589,546
Insurance Australia Group Ltd. 18,558 86,220
IOOF Holdings Ltd. 200 1,752
Lend Lease Corp. Ltd. 3,809 63,708
Macquarie Bank Ltd. 1,960 146,393
MFS Ltd. 1,501 6,230
National Australia Bank Ltd. 13,315 467,907
Peet Ltd. 1,174 3,948
Perpetual Ltd. 359 23,214
Port Bouvard Ltd. 5,020 7,863
QBE Insurance Group Ltd. 4,791 143,305
St. George Bank Ltd. 3,136 98,214
Suncorp-Metway Ltd. 6,562 117,883
Timbercorp Ltd. 1,254 2,097
Westpac Banking Corp. 17,520 441,873
---------
Total Australia 2,978,872
-----------------------------------------------------------------------------------
Austria - 0.6%
Bank Austria Creditanstalt AG 571 117,747
Raiffeisen International Bank Holding AG 68 9,912
Wiener Staedtische AG 188 13,101
---------
Total Austria 140,760
-----------------------------------------------------------------------------------
Belgium - 2.9%
Dexia N.V. 5,194 156,892
Fortis N.V. 8,202 240,871
KBC Ancora 349 38,982
KBC Groep N.V. 1,701 233,392
---------
Total Belgium 670,137
-----------------------------------------------------------------------------------
Denmark - 0.8%
Amagerbanken A/S 50 2,862
Danske Bank A/S 4,100 166,031
Hannover Rueckversicherung AG 59 2,985
Sydbank A/S 50 2,170
TrygVesta A/S 250 19,985
---------
Total Denmark 194,033
-----------------------------------------------------------------------------------
Finland - 0.6%
Citycon Oyj 1,006 6,395
OKO Bank PLC Class A 1,250 25,776
Sampo Oyj Class A 3,521 107,209
Technopolis Oyj 486 4,230
---------
Total Finland 143,610
-----------------------------------------------------------------------------------
France - 10.8%
AXA S.A. 14,637 653,205
BNP Paribas 6,410 699,561
CNP Assurances S.A. 615 78,462
Credit Agricole S.A. 13,080 503,176
Euler Hermes S.A. 149 19,806
Fonciere Des Regions 263 38,435
Klepierre 840 48,059
SCOR 219 5,852
Societe Generale 2,733 457,391
Societe Immobiliere de Location pour l'Industrie et
le Commerce 14 2,347
---------
Total France 2,506,294
-----------------------------------------------------------------------------------
Germany - 5.1%
Allianz SE 1,615 376,326
AMB Generali Holding AG 125 19,496
AWD Holding AG 256 8,530
Commerzbank AG 1,749 70,616
Deutsche Bank AG 2,752 353,725
Deutsche Boerse AG 265 35,991
Deutsche Postbank AG 559 40,934
Deutsche Wohnen AG 186 7,970
Hypo Real Estate Holding AG 431 24,444
MLP AG 196 2,609
MPC Munchmeyer Petersen Capital AG 108 9,203
Muenchener Ruckversicherungs Gesellschaft AG 1,245 238,621
---------
Total Germany 1,188,465
-----------------------------------------------------------------------------------
Hong Kong - 5.2%
Bank of East Asia Ltd. 9,600 53,878
BOC Hong Kong (Holdings) Ltd. 76,000 192,723
Cheung Kong (Holdings) Ltd. 8,000 132,019
China Overseas Land & Investment Ltd. 16,000 36,537
CITIC International Financial Holdings Ltd. 20,000 16,013
Hang Seng Bank Ltd. 15,500 275,537
Henderson Investment Ltd. 8,000 13,284
Hong Kong Exchanges and Clearing Ltd. 6,500 198,800
Hopewell Holdings Ltd. 4,000 19,102
New World Development Ltd. 12,000 33,210
Shun TAK Holdings Ltd. 8,000 12,893
Sino Land Co. 8,000 19,916
Sun Hung Kai Properties Ltd. 11,000 185,490
---------
Total Hong Kong 1,189,402
-----------------------------------------------------------------------------------
Ireland - 0.9%
Anglo Irish Bank Corp. PLC 8,462 156,445
FBD Holdings PLC 88 2,753
Irish Life & Permanent PLC 1,473 32,637
McInerney Holdings PLC 3,475 6,584
---------
Total Ireland 198,419
-----------------------------------------------------------------------------------
Italy - 10.6%
Alleanza Assicurazioni SpA 5,030 66,777
Apulia Prontoprestito SpA 2,694 4,318
Assicurazioni Generali SpA 5,418 237,783
Banca Carige SpA 3,230 15,411
Banca CR Firenze 1,959 18,388
Banca Intermobiliare SpA 159 1,639
See Notes to Financial Statements
WisdomTree International Dividend Sector Funds 27
Schedule of Investments (unaudited) (continued)
WisdomTree International Financial Sector Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Banca Intesa SpA 116,107 $ 894,134
Banca Italease SpA 885 16,488
Banca Monte dei Paschi di Siena SpA 6,998 42,819
Banca Popolare dell'Etruria e del Lazio 655 11,346
Banca Popolare di Milano S.c.r.l. 1,216 17,916
Banca Popolare di Sondrio Scarl 579 9,881
Banca Profilo SpA 661 1,889
Banche Popolari Unite S.c.r.l. 3,081 82,594
Banco di Desio e della Brianza SpA 854 9,655
Capitalia SpA 12,950 123,393
Credito Artigiano SpA 2,039 11,541
Credito Emiliano SpA 963 13,175
Ergo Previdenza SpA 1,009 5,740
Fondiaria-SAI SpA 671 31,424
Intek SpA 9,772 11,118
Mediobanca SpA(a) 3,749 81,787
Mediolanum SpA(a) 2,555 18,023
Milano Assicurazioni SpA 3,086 25,762
Piccolo Credito Valtellinese Scarl 883 12,532
Premafin Finanziaria SpA 1,701 5,128
Risanamento SpA 651 4,902
Societa Cattolica di Assicurazioni S.c.r.l. 252 15,823
UniCredito Italiano SpA 54,029 461,024
Unipol SpA 10,734 36,408
Vittoria Assicurazioni SpA 64 1,209
Zurich Financial Services AG 494 147,688
---------
Total Italy 2,437,715
----------------------------------------------------------------------------
Japan - 3.3%
Aioi Insurance Co., Ltd. 2,000 11,616
Atrium Co., Ltd. 300 8,242
Bank of Kyoto Ltd. (The) 3,000 36,334
Bank of Yokohama Ltd. (The) 2,000 13,790
Century Leasing System, Inc. 400 4,406
Cosmo Securities Co., Ltd.(a) 4,000 5,912
Daito Trust Construction Co., Ltd. 400 19,267
Eighteenth Bank Ltd. (The) 2,000 8,016
Hiroshima Bank Ltd. (The) 4,000 21,806
Hokuhoku Financial Group, Inc. 4,000 11,303
Hyakujushi Bank Ltd. (The) 3,000 14,737
Iwai Securities Co., Ltd. 700 8,113
Jafco Co., Ltd. 400 14,815
Leopalace21 Corp. 400 13,111
Millea Holdings, Inc. 1,100 44,186
Mitsubishi UFJ Financial Group, Inc. 3,060 26,765
Mitsui Sumitomo Insurance Co., Ltd. 3,000 35,187
Mizuho Investors Securities Co., Ltd.(a) 11,000 19,128
Mizuho Trust & Banking Co., Ltd. 4,000 6,782
Nikko Cordial Corp. 4,500 56,458
Nishi-Nippon City Bank Ltd. (The) 5,000 14,042
Oita Bank Ltd. (The) 6,000 33,648
Okasan Holdings, Inc. 3,000 17,398
OMC Card, Inc. 1,900 7,533
Resona Holdings, Inc. 28 47,959
SFCG Co., Ltd. 110 15,388
Shinko Securities Co., Ltd. 2,000 9,251
Shinsei Bank Ltd. 11,000 34,622
Sompo Japan Insurance, Inc. 1,000 11,459
Sumitomo Mitsui Financial Group, Inc. 6 46,690
Sumitomo Real Estate Sales Co., Ltd. 40 3,102
Suruga Bank Ltd. 2,832 34,546
T&D Holdings, Inc. 450 27,662
Takagi Securities Co., Ltd. 3,000 9,781
Tokai Tokyo Securities Co., Ltd. 4,000 20,345
Tokyo Leasing Co., Ltd. 400 3,843
Tokyu Land Corp. 3,000 30,074
Toyo Securities Co., Ltd. 2,000 7,043
Urban Corp. 400 6,479
Yamaguchi Financial Group, Inc. 1,000 10,433
---------
Total Japan 771,272
----------------------------------------------------------------------------
Netherlands - 5.4%
ABN AMRO Holding N.V. 9,686 508,984
AEGON N.V. 8,647 165,153
ING Groep N.V. 13,109 580,355
---------
Total Netherlands 1,254,492
----------------------------------------------------------------------------
New Zealand - 0.0%
Infratil Ltd. 2,564 5,754
----------------------------------------------------------------------------
Norway - 1.0%
ABG Sundal Collier ASA 4,000 10,549
Acta Holding ASA 4,000 17,926
DnB NOR ASA 9,200 140,318
Sparebanken Midt-Norge 600 7,746
Sparebanken Nord-Norge 350 8,553
Sparebanken 1 SR Bank 300 9,129
Storebrand ASA 2,400 37,092
---------
Total Norway 231,313
----------------------------------------------------------------------------
Portugal - 0.6%
Banco BPI, S.A. 2,495 20,935
Banco Comercial Portugues, S.A. Class R 12,516 51,797
Banco Espirito Santo, S.A. 2,421 54,744
---------
Total Portugal 127,476
----------------------------------------------------------------------------
Singapore - 1.7%
Ascott Group Ltd. (The) 8,000 8,784
DBS Group Holdings Ltd. 8,466 123,187
Guocoland Ltd. 4,000 13,742
MCL Land Ltd. 8,000 14,227
Oversea-Chinese Banking Corp. Ltd. 8,000 47,964
Singapore Exchange Ltd. 4,000 34,760
Straits Trading Co., Ltd. 4,000 12,180
United Overseas Bank Ltd. 8,139 121,171
UOB Kay Hian Holdings Ltd. 8,000 11,587
Wing Tai Holdings Ltd. 4,000 10,401
---------
Total Singapore 398,003
----------------------------------------------------------------------------
See Notes to Financial Statements
28 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International Financial Sector Fund
September 30, 2007
--------------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------------------
Spain - 8.0%
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 25,988 $ 607,603
Banco Espanol de Credito S.A. 1,025 19,052
Banco Pastor S.A. 204 3,371
Banco Popular Espanol, S.A. 6,092 104,398
Banco Sabadell S.A. (a) 4,728 45,386
Banco Santander Central Hispano S.A. 47,777 926,105
Bankinter, S.A. 1,340 19,266
Corporacion Mapfre S.A. 6,964 31,395
Metrovacesa, S.A. 722 81,888
Montebalito S.A. 121 1,903
----------
Total Spain 1,840,367
--------------------------------------------------------------------------------------------
Sweden - 2.9%
D. Carnegie & Co. AB 800 16,757
Fabege AB 1,600 18,983
Intrum Justitia AB 800 12,397
Investment AB Kinnevik Class B 400 8,378
Kungsleden AB 2,000 25,661
Nordea Bank AB 16,000 277,753
Ratos AB Class B 800 23,496
Skandinaviska Enskilda Banken AB Class A 2,400 77,724
Svenska Handelsbanken AB Class A 3,600 111,299
Swedbank AB Class A 3,200 106,600
----------
Total Sweden 679,048
--------------------------------------------------------------------------------------------
Switzerland - 3.7%
Baloise Holding AG 216 21,781
Bellevue Group AG 31 2,375
Converium Holding AG 156 2,898
Credit Suisse Group 3,996 264,417
Swiss Reinsurance Co. 1,577 139,989
UBS AG 7,573 405,813
Vontobel Holding AG 197 10,059
----------
Total Switzerland 847,332
--------------------------------------------------------------------------------------------
United Kingdom - 22.1%
Aberdeen Asset Management PLC 1,877 6,998
Admiral Group PLC 703 12,890
A & J Mucklow Group PLC 1,032 6,602
Alliance & Leicester PLC 3,525 56,879
Amlin PLC 3,250 21,817
Amvescap PLC 2,623 35,350
Atrium Underwriting PLC 407 3,020
Aviva PLC 15,397 230,876
Barclays PLC 47,585 577,321
Beazley Group PLC 2,324 8,665
Bradford & Bingley PLC 2,755 17,007
Brewin Dolphin Holdings PLC 919 3,440
Brit Insurance Holdings PLC 4,084 28,415
Capital & Regional PLC 192 2,879
Charles Taylor Consulting PLC 354 2,600
Chesnara PLC 3,183 11,397
Close Brothers Group PLC 715 11,843
Davenham Group PLC 1,220 6,947
Dawnay, Day Treveria PLC 4,007 5,699
Development Securities PLC 216 2,368
Domestic & General Group PLC 180 5,083
DTZ Holdings PLC 419 4,031
Erinaceous Group PLC 2,773 3,107
F&C Asset Management PLC 4,268 17,391
Friends Provident PLC 9,483 33,231
Hardy Underwriting Group PLC 1,002 6,752
HBOS PLC 26,035 485,073
Helical Bar PLC 635 5,909
Highway Insurance Holdings PLC 4,146 5,976
HSBC Holdings PLC 81,768 1,506,807
ICAP PLC 1,877 20,153
Intermediate Capital Group PLC 391 12,276
Investec PLC 1,777 18,536
Jardine Lloyd Thompson Group PLC 2,080 15,828
Liontrust Asset Management PLC 156 1,201
Lloyds TSB Group PLC 58,579 647,451
London Scottish Bank PLC 6,116 9,906
London Stock Exchange Group PLC 304 10,176
Man Group PLC 5,797 65,371
McKay Securities PLC 959 6,643
Northern Rock PLC 1,672 6,104
Numis Corp. PLC 168 931
Old Mutual PLC 37,875 123,695
Provident Financial PLC 1,301 23,696
Prudential PLC 11,398 174,511
RAB Capital PLC 2,942 5,784
Resolution PLC 663 9,219
Royal & Sun Alliance Insurance Group 8,178 25,742
Royal Bank of Scotland Group (The) PLC 59,541 636,855
Schroders PLC 823 23,256
Segro PLC 1,014 10,319
St. James's Place PLC 715 5,506
Standard Chartered PLC 3,731 121,622
Terrace Hill Group PLC 1,076 1,907
Unite Group PLC 567 4,173
Warner Estate Holdings PLC 648 6,179
----------
Total United Kingdom 5,113,413
--------------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $21,980,751) 22,916,177
============================================================================================
RIGHTS* - 0.0%
Austria - 0.0%
Raiffeisen International Bank Holding AG, expiring
10/04/07 68 -
Italy - 0.0%
Capitalia SpA, expiring 10/03/07 12,950 -
----------
TOTAL RIGHTS
(Cost: $0) -
============================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $21,980,751) 22,916,177
============================================================================================
See Notes to Financial Statements
WisdomTree International Dividend Sector Funds 29
Schedule of Investments (unaudited) (concluded)
WisdomTree International Financial Sector Fund
September 30, 2007
-----------------------------------------------------------------------------
Investments Shares U.S. $ Value
-----------------------------------------------------------------------------
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.6%
MONEY MARKET FUNDS(b) - 0.6%
UBS Enhanced Yield Portfolio, 5.38% 1,054 $ 1,054
UBS Private Money Market Fund LLC, 5.21% 135,981 135,981
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $137,035)(c) 137,035
-----------------------------------------------------------------------------
TOTAL INVESTMENTS IN SECURITIES - 99.7%
(Cost: $22,117,786)(d) 23,053,212
Cash, Foreign Currency and Other Assets in Excess
of Liabilities - 0.3% 65,612
-----------
NET ASSETS - 100.0% $23,118,824
=============================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $130,055 and the total market value of the collateral held by the
Fund was $137,035.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements
30 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Health Care Sector Fund
September 30, 2007
----------------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Australia - 8.6%
Cochlear Ltd. 4,881 $ 336,744
CSL Ltd. 4,087 388,082
Healthscope Ltd.(a) 48,622 247,842
Primary Health Care Ltd.(a) 14,025 151,171
Ramsay Health Care Ltd.(a) 14,101 133,522
Sigma Pharmaceuticals Ltd.(a) 95,169 123,382
Sonic Healthcare Ltd. 21,237 293,182
Symbion Health Ltd. 66,632 245,888
---------
Total Australia 1,919,813
----------------------------------------------------------------------------------
Belgium - 1.5%
Omega Pharma S.A. 128 11,195
UCB S.A. 5,342 314,369
---------
Total Belgium 325,564
----------------------------------------------------------------------------------
Denmark - 5.1%
Coloplast A/S Class B 1,350 128,011
H. Lundbeck A/S 8,100 219,447
Novo-Nordisk A/S Class B 4,450 535,730
Novozymes A/S Class B 2,000 250,699
---------
Total Denmark 1,133,887
----------------------------------------------------------------------------------
Finland - 1.2%
Orion Oyj Class B 10,258 259,965
----------------------------------------------------------------------------------
France - 10.7%
BioMerieux 1,359 142,034
Cie Generale D'Optique Essilor International S.A. 5,978 374,071
Ipsen 3,431 197,372
Sanofi-Aventis 19,769 1,669,437
---------
Total France 2,382,914
----------------------------------------------------------------------------------
Germany - 10.4%
Bayer Schering Pharma AG 6,271 937,759
Celesio AG 3,373 212,311
Fresenius AG 3,347 251,896
Fresenius Medical Care AG & Co. KGaA 7,191 381,147
Merck KGaA 1,844 221,859
Rhoen-Klinikum AG 5,760 183,901
Stada Arzneimittel AG 2,229 144,963
---------
Total Germany 2,333,836
----------------------------------------------------------------------------------
Ireland - 0.1%
United Drug PLC 3,277 15,172
----------------------------------------------------------------------------------
Italy - 2.6%
Luxottica Group SpA 9,623 326,669
Recordati SpA 26,604 250,845
---------
Total Italy 577,514
----------------------------------------------------------------------------------
Japan - 20.1%
Alfresa Holdings Corp. 400 25,492
Astellas Pharma, Inc. 9,200 440,743
Chugai Pharmaceutical Co., Ltd. 15,200 250,701
Daiichi Sankyo Co., Ltd 13,100 392,949
Dainippon Sumitomo Pharma Co., Ltd. 16,000 148,572
Eisai Co., Ltd. 7,200 339,921
Hisamitsu Pharmaceutical Co., Inc. 4,800 130,209
Hogy Medical Co., Ltd. 100 4,704
Kaken Pharmaceutical Co., Ltd. 2,000 14,485
Kobayashi Pharmaceutical Co., Ltd. 400 14,189
Kyowa Hakko Kogyo Co., Ltd. 22,000 226,284
Mediceo Paltac Holdings Co., Ltd. 12,200 186,264
Miraca Holdings, Inc. 400 9,060
Mochida Pharmaceutical Co., Ltd. 1,000 9,468
Nihon Kohden Corp. 800 14,676
Nipro Corp. 7,000 138,156
Paramount Bed Co., Ltd. 800 10,726
Paris Miki, Inc.(a) 10,800 146,485
Seikagaku Corp. 800 9,223
Shimadzu Corp. 3,000 30,674
Shionogi & Co., Ltd. 11,000 169,378
SSP Co., Ltd. 3,000 13,929
Suzuken Co., Ltd. 4,000 134,591
Sysmex Corp. 300 11,555
Taisho Pharmaceutical Co., Ltd. 12,000 235,795
Takeda Pharmaceutical Co., Ltd. 12,600 885,172
Tanabe Seiyaku Co., Ltd. 16,000 201,713
Terumo Corp. 5,200 262,227
Toho Pharmaceutical Co., Ltd. 400 6,869
Topcon Corp. 400 7,130
Tsumura & Co. 300 5,334
---------
Total Japan 4,476,674
----------------------------------------------------------------------------------
Netherlands - 0.5%
OPG Groep N.V. 3,601 116,762
----------------------------------------------------------------------------------
New Zealand - 0.9%
Fisher & Paykel Healthcare Corp. 75,683 188,714
Ryman Healthcare Ltd. 10,460 16,439
---------
Total New Zealand 205,153
----------------------------------------------------------------------------------
Singapore - 1.1%
Parkway Holdings Ltd. 87,000 248,496
----------------------------------------------------------------------------------
Spain - 0.4%
FAES FARMA, S.A.(a) 5,864 103,993
----------------------------------------------------------------------------------
Sweden - 0.2%
Getinge AB Class B 400 9,646
Meda AB Class A 900 14,469
Q-Med AB 850 12,154
---------
Total Sweden 36,269
----------------------------------------------------------------------------------
Switzerland - 15.5%
Nobel Biocare Holding AG 757 204,284
Novartis AG 27,375 1,505,602
Phonak Holding AG 1,167 116,680
Roche Holding AG 7,813 1,411,851
Straumann Holding AG 777 217,496
---------
Total Switzerland 3,455,913
----------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 31
Schedule of Investments (unaudited) (concluded)
WisdomTree International Health Care Sector Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
United Kingdom - 20.5%
AstraZeneca PLC 31,027 $ 1,548,082
Dechra Pharmaceuticals PLC 1,410 10,011
GlaxoSmithKline PLC 86,830 2,294,432
Shire PLC 9,865 241,382
Smith & Nephew PLC 21,304 259,337
SSL International PLC 25,724 222,737
-----------
Total United Kingdom 4,575,981
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $21,212,532) 22,167,906
================================================================================
RIGHTS* - 0.0%
Belgium - 0.0%
Omega Pharma S.A., expiring on 10/03/07
(Cost: $0) 128 -
================================================================================
TOTAL LONG-TERM INVESTMENTS
(Cost: $22,212,532) 22,167,906
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 4.1%
MONEY MARKET FUNDS(b) - 4.1%
UBS Enhanced Yield Portfolio, 5.38% 114,258 114,258
UBS Private Money Market Fund LLC, 5.21% 789,283 789,283
-----------
TOTAL INVETMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $903,541)(c) 903,541
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.5%
(Cost: $22,116,073)(d) 23,071,447
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (3.5)% (772,340)
-----------
NET ASSETS - 100.0% $22,299,107
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $853,809 and the total market value of the collateral held by the
Fund was $903,541.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
32 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited)
WisdomTree International Industrial Sector Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.8%
Australia - 9.5%
Adelaide Brighton Ltd. 34,778 $ 121,568
Amcor Ltd. 51,819 338,426
Ansell Ltd. 2,877 31,825
Austal Ltd. 16,062 48,186
Boral Ltd. 39,828 253,417
Bradken Ltd.(a) 6,304 59,246
Brickworks Ltd. 3,520 43,299
Campbell Brothers Ltd. 764 19,877
Cardno Ltd. 2,681 18,862
Coffey International Ltd. 4,851 14,682
Crane Group Ltd. 4,319 65,243
CSR Ltd.(a) 85,424 235,104
Devine Ltd. 11,597 13,752
Futuris Corp., Ltd. 39,548 74,546
GUD Holdings Ltd. 6,381 58,445
GWA International Ltd.(a) 24,022 83,120
Hills Industries Ltd.(a) 14,419 74,647
Leighton Holdings Ltd.(a) 9,351 426,171
Macmahon Holdings Ltd. 7,919 11,703
Monadelphous Group Ltd.(a) 3,775 48,440
RCR Tomlinson Ltd. 7,086 16,241
Sedgman Ltd. 19,663 54,464
Sims Group Ltd. 10,105 288,661
Toll Holdings Ltd. 18,731 217,311
Transfield Services Ltd. 7,683 90,020
Transpacific Industries Group Ltd. 1,795 17,950
United Group Ltd.(a) 5,650 92,649
Wesfarmers Ltd.(a) 42,324 1,573,094
WorleyParsons Ltd. 4,186 157,104
---------
Total Australia 4,548,053
--------------------------------------------------------------------------------
Austria - 0.7%
Andritz AG 868 59,808
AT&S Austria Technologie & Systemtechnik AG 511 13,248
Flughafen Wien AG 728 74,999
Semperit AG Holding 651 28,562
Wienerberger AG 2,457 153,257
---------
Total Austria 329,874
--------------------------------------------------------------------------------
Belgium - 1.0%
Agfa-Gevaert N.V. 5,004 96,072
Barco N.V. 612 52,578
Bekaert S.A. 567 75,806
Euronav N.V. 4,552 142,743
EVS Broadcast Equipment S.A. 413 41,173
Exmar N.V. 1,981 60,571
---------
Total Belgium 468,943
--------------------------------------------------------------------------------
Denmark - 0.9%
D/S Norden 650 69,200
Dalhoff Larsen & Horneman A/S Class B 900 16,313
DSV A/S 1,490 35,037
FLSmidth & Co. A/S 700 74,256
NKT Holding A/S 525 58,697
TORM Dampskibsselskabet A/S 4,200 170,681
---------
Total Denmark 424,184
--------------------------------------------------------------------------------
Finland - 2.9%
Ahlstrom Oyj 2,944 83,234
Aspo Oyj 5,716 54,546
Huhtamaki Oyj 3,173 48,148
KCI Konecranes Oyj 1,057 42,406
Kone Oyj 1,727 125,627
Lassila & Tikanoja Oyj 1,022 32,891
Metso Oyj 7,129 489,689
Uponor Corp. 3,213 99,475
Wartsila Oyj Class B 4,168 284,817
YIT Oyj 3,523 104,413
---------
Total Finland 1,365,246
--------------------------------------------------------------------------------
France - 15.3%
Bacou Dalloz 91 11,321
Bouygues S.A. 10,739 923,832
Cie de Saint-Gobain S.A. 10,443 1,086,981
Ciments Francais 819 143,589
EIFFAGE S.A. 1,683 190,234
Haulotte Group 637 23,961
Imerys S.A. 2,366 215,381
Lafarge S.A. 5,252 811,520
Legrand S.A. 5,914 198,238
Manitou BF S.A. 1,078 58,257
Nexans S.A. 553 90,717
Safran S.A. 4,709 113,379
Schneider Electric S.A. 10,047 1,265,947
Ste Industrielle d'Aviation Latecoere S.A. 1,139 32,883
Thales S.A. 6,346 371,016
Vallourec S.A. 1,099 315,714
VINCI S.A. 17,808 1,387,593
Zodiac S.A. 1,321 94,384
---------
Total France 7,334,947
--------------------------------------------------------------------------------
Germany - 10.5%
Bilfinger Berger AG 854 67,163
Demag Cranes AG 768 36,087
Deutsche Post AG 47,628 1,381,775
Elexis AG 614 17,770
Fraport AG Frankfurt Airport Services Worldwide 2,315 159,642
HeidelbergCement AG 1,019 149,265
Heidelberger Druckmaschinen AG 810 35,342
HOCHTIEF AG 1,565 189,337
Indus Holding AG 826 30,542
Koenig & Bauer AG 36 1,293
KRONES AG 441 35,573
Leoni AG 405 24,646
MAN AG 2,854 414,201
MTU Aero Engines Holding AG 271 16,457
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree International Industrial Sector Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
Norddeutsche Affinerie AG 1,974 $ 86,466
Rheinmetall AG 588 46,586
Siemens AG 16,641 2,281,875
Techem AG 960 64,113
---------
Total Germany 5,038,133
----------------------------------------------------------------------------
Hong Kong - 1.0%
Hong Kong Aircraft Engineering Co. Ltd. 2,800 63,398
MTR Corp. 130,500 388,880
Singamas Container Holdings Ltd. 28,000 17,012
---------
Total Hong Kong 469,290
----------------------------------------------------------------------------
Ireland - 0.9%
CRH PLC 10,603 416,785
Kingspan Group PLC 1,500 32,788
---------
Total Ireland 449,573
----------------------------------------------------------------------------
Italy - 1.3%
Astaldi SpA 1,605 12,851
BUZZI UNICEM SpA 4,109 106,587
Caltagirone SpA 1,116 11,665
Cembre SpA 1,883 18,370
Cementir-Cementerie del Tirreno SpA 2,485 25,056
Finmeccanica SpA 8,483 246,469
Gewiss SpA 1,598 12,067
GranitiFiandre SpA 1,167 16,356
I.M.A. Industria Macchine Automatiche SpA 1,437 32,698
Marazzi Group SpA 1,423 17,768
Navigazione Montanari SpA 8,939 42,937
Panariagroup Industrie Ceramiche SpA 2,441 20,690
Premuda SpA 14,973 34,411
SAES Getters SpA 625 23,225
SAVE SpA 157 5,660
---------
Total Italy 626,810
----------------------------------------------------------------------------
Japan - 17.8%
Advantest Corp. 1,200 37,352
Aichi Corp. 4,900 59,687
Alps Electric Co., Ltd. 2,800 33,644
Amada Co., Ltd. 7,000 78,146
Amano Corp. 1,400 16,907
Anritsu Corp. 2,000 8,416
Asahi Glass Co., Ltd. 19,000 255,228
Asahi Organic Chemicals Industry Co., Ltd. 7,000 25,927
Asahi Pretec Corp. 700 22,823
Asunaro Aoki Construction Co., Ltd. 1,500 8,216
Casio Computer Co., Ltd. 2,400 34,347
Chofu Seisakusho Co., Ltd. 700 12,172
CKD Corp. 4,900 45,372
Cleanup Corp. 11,700 81,076
CMK Corp. 4,200 44,916
Cosel Co., Ltd. 700 10,395
Daifuku Co., Ltd. 1,500 17,111
Daiichi Chuo Kisen Kaisha 7,000 68,104
Daiken Corp. 2,000 5,704
Daikin Industries Ltd. 1,400 67,313
Dainippon Screen Manufacturing Co., Ltd. 3,000 18,050
Ebara Corp. 7,000 32,318
Eizo Nanao Corp. 100 3,287
Fanuc Ltd. 4,000 407,252
FUJIFILM Holdings Corp. 3,500 161,588
Furukawa Co., Ltd. (The) 4,000 8,799
Furukawa Electric Co., Ltd. 3,000 14,659
Hakudo Co., Ltd. 1,300 19,610
Hamamatsu Photonics K.K. 700 20,206
Hankyu Hanshin Holdings, Inc. 20,000 102,074
Hitachi Cable Ltd. 7,000 43,333
Hitachi Construction Machinery Co., Ltd. 1,400 55,871
Hitachi Koki Co., Ltd. 800 13,772
Hitachi Ltd. 36,000 239,447
Hitachi Tool Engineering Ltd. 900 11,346
Hoya Corp. 9,500 323,784
Ibiden Co., Ltd. 700 58,853
Icom, Inc. 200 5,721
Idec Corp.(a) 700 8,764
Iino Kaiun Kaisha Ltd. 2,100 29,670
JGC Corp. 4,000 77,033
JS Group Corp. 6,300 109,441
Kaga Electronics Co., Ltd. 700 10,833
Kajima Corp. 14,000 48,081
Kandenko Co., Ltd. 5,000 31,909
Kawasaki Heavy Industries Ltd. 7,000 27,388
Kawasaki Kisen Kaisha Ltd. 14,000 205,347
Keihin Electric Express Railway Co., Ltd. 5,000 32,387
Keio Corp. 7,000 43,577
Kintetsu Corp. 14,000 43,455
Komatsu Ltd. 10,100 338,964
Kubota Corp. 24,000 197,400
Kurita Water Industries Ltd. 1,400 47,472
Kyocera Corp. 2,300 215,372
Mabuchi Motor Co., Ltd. 700 45,585
Maeda Corp. 3,000 11,581
Makita Corp. 1,400 61,349
Marubun Corp. 800 8,987
Maruzen Showa Unyu Co., Ltd. 5,000 17,172
Matsushita Electric Works Ltd. 7,000 84,293
Minebea Co., Ltd. 7,000 47,837
MISUMI Group, Inc. 700 11,868
Mitsubishi Electric Corp. 27,000 338,043
Mitsubishi Heavy Industries Ltd. 47,000 306,890
Mitsui Engineering & Shipbuilding Co., Ltd. 7,000 39,621
Mitsui O.S.K. Lines Ltd. 22,000 355,971
Mitsumi Electric Co., Ltd. 1,400 57,088
Miura Co., Ltd. 700 22,458
Nagoya Railroad Co., Ltd. 7,000 20,450
NEC Corp. 21,000 101,882
See Notes to Financial Statements.
34 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International Industrial Sector Fund
September 30, 2007
-------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------
NEC Networks & System Integration Corp. 700 $ 7,711
Neturen Co., Ltd. 300 4,113
NGK Insulators Ltd. 1,000 32,170
Nichicon Corp. 1,400 17,747
Nichiha Corp. 800 8,667
Nidec Copal Corp. 1,400 15,909
Nidec Copal Electronics Corp. 1,900 10,738
Nihon Yamamura Glass Co., Ltd. 7,000 16,920
Nikkiso Co., Ltd. 1,000 8,242
Nippon Densetsu Kogyo Co., Ltd. 7,000 50,759
Nippon Koei Co., Ltd. 7,000 19,719
Nippon Sheet Glass Co., Ltd. 7,000 42,725
Nippon Signal Co., Ltd. 1,400 8,703
Nippon Valqua Industries Ltd. 7,000 24,101
Nippon Yusen K.K. 29,000 282,902
Nishimatsu Construction Co., Ltd. 7,000 21,119
Nishi-Nippon Railroad Co., Ltd. 7,000 25,075
Nitto Kogyo Corp. 700 10,773
Nitto Kohki Co., Ltd. 700 16,189
NTN Corp. 7,000 62,383
Obayashi Corp. 7,000 32,378
Odakyu Electric Railway Co., Ltd. 7,000 45,098
OKUMA Corp. 7,000 102,004
Okumura Corp. 7,000 35,604
Onoken Co., Ltd. 4,200 58,172
OSG Corp. 1,400 14,558
PanaHome Corp. 8,000 50,637
Rinnai Corp. 700 20,876
Ryosan Co., Ltd. 700 17,498
Sanshin Electronics Co., Ltd. 3,500 49,267
Sanwa Shutter Corp. 7,000 39,195
Sanyo Denki Co., Ltd. 7,000 37,430
Sato Corp. 1,400 26,110
Sato Shoji Corp. 5,000 39,995
Sekisui Plastics Co., Ltd. 1,000 3,278
Sharp Corp. 16,000 290,049
Shimizu Corp. 14,000 76,077
Shin-Etsu Polymer Co., Ltd. 700 7,602
Shinko Electric Co., Ltd.(a) 2,000 5,756
Shinwa Kaiun Kaisha Ltd. 7,000 72,608
Sodick Co Ltd. 3,400 22,821
Stanley Electric Co., Ltd. 2,100 50,576
Star Micronics Co., Ltd. 700 21,667
Sumida Corp. 1,300 21,758
Sumitomo Electric Industries Ltd. 5,600 89,101
Taihei Dengyo Kaisha Ltd. 1,000 7,338
Taiheiyo Cement Corp. 7,000 26,597
Taikisha Ltd. 1,400 18,904
Taisei Corp. 14,000 40,534
Takuma Co., Ltd. 1,000 5,730
Teikoku Tsushin Kogyo Co., Ltd. 3,000 12,833
THK Co., Ltd. 1,400 29,518
Tobu Railway Co., Ltd. 7,000 32,865
Tocalo Co., Ltd. 700 13,116
Toda Corp. 7,000 36,882
Tokai Rubber Industries, Inc. 1,400 29,396
Tokyo Kikai Seisakusho Ltd.(a) 7,000 20,267
Tokyo Seimitsu Co., Ltd. 600 12,468
Tokyu Construction Co., Ltd. 3,260 16,298
Tokyu Corp. 7,000 45,646
Tori Holdings Co., Ltd 231,000 40,169
Toshiba Corp. 41,000 382,498
Toshiba TEC Corp. 7,000 43,212
Toyo Seikan Kaisha Ltd. 1,400 26,353
Tsukishima Kikai Co., Ltd. 2,000 18,154
Ulvac, Inc. 400 12,937
Union Tool Co. 300 12,937
Ushio Inc. 1,400 25,440
Yamatake Corp. 700 23,432
Yamato Holdings Co., Ltd. 7,000 104,865
Yokogawa Electric Corp. 2,100 25,525
Yurtec Corp. 7,000 40,838
---------
Total Japan 8,492,526
-------------------------------------------------------------------------
Netherlands - 5.1%
Aalberts Industries N.V. 1,556 36,999
Arcadis N.V. 280 20,030
Ballast Nedam N.V. 905 41,520
Boskalis Westminster 1,888 94,942
European Aeronautic Defence and Space Co.
EADS N.V. 7,367 225,884
Heijmans N.V. 945 43,530
Koninklijke BAM Groep N.V. 3,159 83,966
Koninklijke Philips Electronics N.V. 26,157 1,177,354
Koninklijke Vopak N.V. 1,458 82,940
Smit Internationale N.V. 702 61,109
Stork N.V. 945 61,418
Ten Cate N.V. 609 24,675
TKH Group N.V. 1,216 29,866
TNT N.V. 11,260 470,793
---------
Total Netherlands 2,455,026
-------------------------------------------------------------------------
New Zealand - 1.1%
Auckland International Airport Ltd. 76,772 181,568
Fletcher Building Ltd. 28,917 277,272
Freightways Ltd. 9,181 26,361
Mainfreight Ltd. 2,548 12,899
---------
Total New Zealand 498,100
-------------------------------------------------------------------------
Norway - 0.7%
Aker Kvaerner ASA 1,400 44,345
BW Gas ASA 8,300 113,657
Camillo Eitzen & Co. ASA 4,500 60,169
Tomra Systems ASA 5,200 37,401
Veidekke ASA 7,000 63,903
---------
Total Norway 319,475
-------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 35
Schedule of Investments (unaudited) (continued)
WisdomTree International Industrial Sector Fund
September 30, 2007
------------------------------------------------------------------------------
Investments Shares U.S. $ Value
------------------------------------------------------------------------------
Portugal - 0.3%
Mota Engil, SGPS S.A. 5,118 $ 38,940
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 6,568 106,764
---------
Total Portugal 145,704
------------------------------------------------------------------------------
Singapore - 3.4%
ComfortDelgro Corp., Ltd. 91,000 118,926
Cosco Corp (Singapore) Ltd. 21,000 84,173
Hong Leong Asia Ltd. 14,000 36,593
Inter-Roller Engineering Ltd. 7,000 3,961
Jaya Holdings Ltd. 42,000 56,587
Jurong Technologies Industrial Corp., Ltd. 72,000 36,620
Labroy Marine Ltd. 7,000 11,506
NatSteel Ltd. 62,000 70,167
Neptune Orient Lines Ltd. 14,000 49,985
Pan-United Corp., Ltd. 28,000 17,165
Pan-United Marine Ltd. 21,000 33,103
SBS Transit Ltd. 17,500 36,074
SembCorp Industries Ltd. 73,000 317,188
SembCorp Marine Ltd. 98,000 303,681
Singapore Post Ltd. 119,000 97,801
Singapore Technologies Engineering Ltd. 42,000 110,344
SMRT Corp., Ltd. 91,000 104,827
Unisteel Technology Ltd. 8,000 11,587
United Engineers Ltd. 7,000 18,391
Venture Corp., Ltd. 7,000 77,807
WBL Corp., Ltd. 7,000 18,579
---------
Total Singapore 1,615,065
------------------------------------------------------------------------------
Spain - 5.0%
Abengoa S.A. 630 24,916
Acciona, S.A. 1,589 430,943
ACS, Actividades Cons y Servicious, S.A. 8,107 446,186
Cementos Portland Valderrivas S.A. 608 65,974
Duro Felguera S.A. 1,493 17,029
Fomento de Construcciones y Contratas S.A.(a) 6,124 494,250
Gamesa Corp. Tecnologica S.A. 2,443 99,539
Grupo Ferrovial S.A.(a) 2,226 187,885
Obrascon Huarte Lain, S.A. 1,029 38,429
Sacyr Vallehermoso S.A(a) 7,123 248,589
Tubacex S.A. 1,906 18,649
Uralita S.A. 3,198 31,336
Zardoya Otis S.A.(a) 9,473 293,286
---------
Total Spain 2,397,011
------------------------------------------------------------------------------
Sweden - 8.0%
AB Volvo Class B 64,550 1,120,061
Alfa Laval AB 2,800 179,408
Assa Abloy AB Class B 9,800 202,619
Atlas Copco AB Class A 19,600 337,824
Brostrom AB Class B 4,200 45,123
Gunnebo AB 282 3,466
Hexagon AB Class B 4,200 84,889
Hoganas AB Class B 1,400 37,007
JM AB 2,800 67,305
NCC AB Class B 2,100 52,427
Nolato AB Class B 2,800 24,671
Peab AB 4,200 45,285
Peab Industri AB Class B* 2,100 19,477
Rederi AB Transatlantic 2,800 20,343
Saab AB Class B 2,800 66,007
Sandvik AB 38,600 824,921
Seco Tools Class B 2,800 50,641
Skanska AB Class B 16,800 331,764
SKF AB Class B 15,400 323,162
---------
Total Sweden 3,836,400
------------------------------------------------------------------------------
Switzerland - 3.3%
ABB Ltd. 22,876 600,392
Geberit AG 332 43,283
Holcim Ltd. 4,361 480,075
Inficon Holding AG 240 41,109
Kuehne + Nagel International AG 1,661 162,944
Panalpina Welttransport Holding AG 441 73,236
Rieter Holding AG 100 53,929
Schindler Holding AG Participating Shares 1,097 69,114
Sulzer AG 49 70,048
---------
Total Switzerland 1,594,130
------------------------------------------------------------------------------
United Kingdom - 11.1%
Abbot Group PLC 3,649 22,024
Acal PLC 1,871 11,950
Aga Foodservice Group PLC 3,068 26,315
Alfred McAlpine PLC 3,491 34,691
Amec PLC 12,130 183,124
Arriva PLC 8,490 133,620
Avon Rubber PLC 10,049 31,734
BAE SYSTEMS PLC 115,822 1,164,510
Balfour Beatty PLC 10,912 105,489
BBA Aviation PLC 22,872 106,477
British Polythene Industries PLC 2,246 17,320
Business Post Group PLC 3,516 32,163
Carillion PLC 8,175 63,707
Castings PLC 2,100 12,151
Chemring Group PLC 392 14,415
Chloride Group PLC 5,851 21,457
Clarkson PLC 1,295 25,592
Cobham PLC 25,590 101,143
Delta PLC 4,915 13,168
E2V Technologies PLC 1,563 9,123
Electrocomponents PLC 38,240 198,471
Ennstone PLC 11,850 9,657
Fenner PLC 5,739 29,611
Firstgroup PLC 15,527 217,800
Galliford Try PLC 6,430 19,257
Go-Ahead Group PLC 1,759 85,579
See Notes to Financial Statements.
36 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International Industrial Sector Fund
September 30, 2007
-------------------------------------------------------------------------------------
Investments Shares U.S. $ Value
-------------------------------------------------------------------------------------
Halma PLC 16,001 $ 73,431
Hill & Smith Holdings PLC 2,247 17,797
Hornby PLC 2,289 11,169
IMI PLC 13,831 150,614
James Fisher & Sons PLC 1,230 15,950
Keller Group PLC 1,584 31,771
Laird Group PLC 4,673 51,411
Low & Bonar PLC 15,611 42,857
Marshalls PLC 6,666 39,487
Meggitt PLC 12,270 79,307
MJ Gleeson Group PLC 2,061 14,885
Morgan Sindall PLC 1,146 36,540
National Express Group PLC 4,765 120,088
Photo-Me International PLC 34,887 36,782
Premier Farnell PLC 21,192 68,325
Renishaw PLC 3,739 50,734
Rexam PLC 24,463 274,866
Ricardo PLC 1,927 11,493
ROK PLC 4,058 15,791
Rotork PLC 2,254 46,381
RPC Group PLC 3,684 21,166
Senior PLC 13,287 31,537
Severfield-Rowen PLC 581 24,881
Shanks Group PLC 9,881 44,943
SIG PLC 2,569 54,433
Smiths Group PLC 16,679 363,256
Spectris PLC 3,558 63,645
Spirax-Sarco Engineering PLC 2,212 46,013
Stagecoach Group PLC 26,901 124,548
T. Clarke PLC 8,032 30,969
TDG PLC 6,451 30,524
Titan Europe PLC 2,618 11,868
Tomkins PLC 45,398 210,187
Travis Perkins PLC 3,236 101,794
Ultra Electronics Holdings PLC 1,279 28,872
UMECO PLC 1,486 18,967
Vitec Group (The) PLC 1,458 18,209
VT Group PLC 4,608 53,888
Weir Group (The) PLC 7,128 119,736
Whatman PLC 3,169 12,025
White Young Green PLC 1,514 14,004
WSP Group PLC 1,167 16,821
-----------
Total United Kingdom 5,322,513
-------------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $45,132,748) 47,731,003
=====================================================================================
RIGHTS* - 0.0%
Austria - 0.0%
Winerberger AG, expiring on 10/08/07 (Cost: $0) 2,457 -
-----------
TOTAL LONG-TERM INVESTMENTS
(Cost: $45,132,748) 47,731,003
=====================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 6.3%
MONEY MARKET FUNDS(b) - 6.3%
UBS Enhanced Yield Portfolio, 5.38% 508,404 $ 508,404
UBS Private Money Market Fund LLC, 5.21% 2,510,616 2,510,616
-----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $3,019,020)(c) 3,019,020
=====================================================================================
TOTAL INVESTMENTS IN SECURITIES - 106.1%
(Cost: $48,151,768)(d) 50,750,023
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (6.1)% (2,919,704)
-----------
NET ASSETS - 100.0% $47,830,319
=====================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $2,872,182 and the total market value of the collateral held by
the Fund was $3,019,020.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 37
Schedule of Investments (unaudited)
WisdomTree International Technology Sector Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Australia - 3.7%
Bravura Solutions Ltd. 5,231 $ 8,101
Computershare Ltd. 18,896 155,348
HPAL Ltd. 21,907 48,854
IBA Health Ltd. 10,189 8,431
MYOB Ltd. 11,848 13,421
Salmat Ltd. 19,842 82,177
Technology One Ltd. 33,655 32,761
UXC Ltd. 27,653 58,732
---------
Total Australia 407,825
--------------------------------------------------------------------------------
Belgium - 0.7%
Econocom Group S.A./N.V. 953 10,260
Melexis N.V. 3,900 71,715
---------
Total Belgium 81,975
--------------------------------------------------------------------------------
Finland - 0.4%
Comptel PLC 11,814 32,931
Tekla Oyj 1,086 15,753
---------
Total Finland 48,684
--------------------------------------------------------------------------------
France - 8.3%
CapGemini S.A. 5,760 354,040
Dassault Systemes S.A. 3,479 227,691
GFI Informatique 2,327 23,695
Neopost S.A. 1,889 265,743
Oberthur Card Systems S.A. 5,777 51,348
---------
Total France 922,517
--------------------------------------------------------------------------------
Germany - 20.9%
SAP AG 36,169 2,111,517
Software AG 838 78,466
Wincor Nixdorf AG 1,554 128,181
---------
Total Germany 2,318,164
--------------------------------------------------------------------------------
Japan - 41.3%
Canon Finetech, Inc. 800 13,744
Canon, Inc. 34,700 1,891,657
Capcom Co., Ltd. 2,400 55,297
CSK Holdings Corp. 2,000 78,077
FUJI SOFT, Inc. 200 4,086
Fujitsu Ltd. 34,000 240,038
Hitachi Information Systems Ltd. 1,400 30,005
Hitachi Software Engineering Co., Ltd. 1,600 30,466
Hitachi Systems & Services Ltd. 600 11,738
Information Services International-Dentsu, Ltd. 1,000 10,233
Koei Co., Ltd. 3,000 57,384
Konami Corp. 6,600 179,611
Melco Holdings, Inc. 100 2,026
Mimasu Semiconductor Industry Co., Ltd. 700 15,702
NEC Fielding Ltd. 2,600 30,020
NEC Mobiling Ltd. 1,800 28,593
Nihon Unisys Ltd. 600 7,408
Nomura Research Institute Ltd. 5,600 190,375
NS Solutions Corp. 1,000 27,649
NSD Co., Ltd. 800 12,645
OBIC Business Consultants Ltd. 500 28,909
Obic Co., Ltd. 140 27,120
Oracle Corp. Japan 8,800 401,687
Otsuka Corp. 400 39,195
Ricoh Co., Ltd. 14,000 295,788
Seiko Epson Corp. 4,400 108,838
Shindengen Electric Manufacturing Co., Ltd. 2,000 8,799
Shinkawa Ltd. 500 9,151
Shinko Electric Industries Co., Ltd. 1,300 28,822
Square Enix Co., Ltd. 3,000 99,118
Sumco Corp. 2,400 97,657
Sumisho Computer Systems Corp. 1,600 31,300
TDK Corp. 2,600 227,866
Tokyo Electron Ltd. 3,600 227,866
Trans Cosmos, Inc. 2,500 40,929
---------
Total Japan 4,589,799
--------------------------------------------------------------------------------
Netherlands - 9.1%
Exact Holding N.V. 2,544 106,006
ICT Automatisering N.V. 1,789 29,996
OCE N.V. 8,299 173,968
STMicroelectronics N.V. 42,113 706,114
---------
Total Netherlands 1,016,084
--------------------------------------------------------------------------------
Norway - 0.6%
EDB Business Partner ASA 3,200 26,203
SuperOffice ASA 5,400 34,458
---------
Total Norway 60,661
--------------------------------------------------------------------------------
Singapore - 0.2%
CSE Global Ltd. 30,000 25,868
--------------------------------------------------------------------------------
Spain - 2.4%
Indra Sistemas S.A. 9,887 266,733
--------------------------------------------------------------------------------
Sweden - 0.5%
Axis Communications AB 800 17,190
HIQ International AB 6,400 40,068
---------
Total Sweden 57,258
--------------------------------------------------------------------------------
United Kingdom - 11.5%
Aero Inventory PLC 3,610 42,401
ARM Holdings PLC 26,888 84,362
Domino Printing Sciences PLC 7,626 49,096
LogicaCMG PLC 137,773 424,547
Micro Focus International PLC 8,362 50,811
Misys PLC 39,920 179,741
Morse PLC 20,216 36,656
Northgate Information Solution PLC 3,243 4,675
Phoenix IT Group Ltd. 2,460 19,170
Psion PLC 5,292 12,992
RM PLC 6,613 25,801
Royalblue Group PLC 994 20,049
Sage Group PLC (The) 44,831 227,656
Xansa PLC 38,446 100,847
---------
Total United Kingdom 1,278,804
--------------------------------------------------------------------------------
See Notes to Financial Statements.
38 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International Technology Sector Fund
September 30, 2007
---------------------------------------------------------------------------
Investments Shares U.S. $ Value
---------------------------------------------------------------------------
TOTAL INVESTMENTS IN SECURITES - 99.6%
(Cost: $10,664,330)(a) $11,074,372
Cash, Foreign Currency and Other Assets in Excess
of Liabilities - 0.4% 44,719
-----------
NET ASSETS - 100.0% $11,119,091
===========================================================================
(a) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 39
Schedule of Investments (unaudited)
WisdomTree International Utilities Sector Fund
September 30, 2007
----------------------------------------------------------------------------
Investments Shares U.S. $ Value
----------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 0.1%
AGL Energy Ltd. 1,730 $ 24,296
----------------------------------------------------------------------------
Austria - 1.0%
EVN AG 415 53,412
Verbund (Oesterreichische
Elektrizitatswirtschafts-AG) Class A 4,745 272,758
----------
Total Austria 326,170
----------------------------------------------------------------------------
Finland - 2.8%
Fortum Oyj 24,682 903,512
----------------------------------------------------------------------------
France - 19.5%
Electricite de France 19,649 2,072,034
Gaz de France S.A.(a) 32,976 1,708,919
Suez S.A. 32,854 1,929,672
Veolia Environnement S.A. 8,021 688,872
----------
Total France 6,399,497
----------------------------------------------------------------------------
Germany - 12.9%
E.ON AG 11,583 2,135,858
MVV Energie AG 1,524 63,915
RWE AG 16,151 2,025,878
----------
Total Germany 4,225,651
----------------------------------------------------------------------------
Hong Kong - 5.2%
China Power International Development Ltd. 76,000 39,816
China Resources Power Holdings Co. 50,000 155,432
CLP Holdings Ltd. 101,500 702,915
Hong Kong & China Gas Co.(a) 141,600 329,911
HongKong Electric Holdings Ltd. 93,500 486,236
----------
Total Hong Kong 1,714,310
----------------------------------------------------------------------------
Italy - 12.6%
AcegasAps SpA 3,950 42,159
AEM SpA 67,398 251,606
ASM Brescia SpA 42,005 258,962
Edison SpA 102,670 334,368
Enel SpA 180,747 2,040,971
Hera SpA 50,571 208,207
Iride SpA 15,673 57,507
Snam Rete Gas SpA(a) 90,271 560,053
Terna Rete Elettrica Nazionale SpA 103,297 380,848
----------
Total Italy 4,134,681
----------------------------------------------------------------------------
Japan - 9.1%
Chubu Electric Power Co., Inc. 17,400 450,072
Chugoku Electric Power Co., Inc. (The) 13,900 282,194
Hokuriku Electric Power Co. 5,100 99,548
Kansai Electric Power Co., Inc. (The) 23,900 545,472
Kyushu Electric Power Co., Inc. 13,400 354,180
Okinawa Electric Power Co., Inc. (The) 500 31,778
Osaka Gas Co., Ltd. 71,000 248,776
Saibu Gas Co., Ltd. 10,000 23,388
Shikoku Electric Power Co., Inc. 9,400 235,787
Toho Gas Co., Ltd. 10,000 49,298
Tohoku Electric Power Co., Inc. 16,200 345,790
Tokyo Gas Co., Ltd. 65,000 302,352
----------
Total Japan 2,968,635
----------------------------------------------------------------------------
New Zealand - 1.5%
Contact Energy Ltd. 34,910 242,414
TrustPower Ltd. 5,849 37,566
Vector Ltd. 118,192 218,799
----------
Total New Zealand 498,779
----------------------------------------------------------------------------
Norway - 0.1%
Hafslund ASA Class B 1,000 27,756
----------------------------------------------------------------------------
Portugal - 1.8%
Energias de Portugal S.A. 102,442 597,320
----------------------------------------------------------------------------
Singapore - 0.1%
XP Power Ltd. 4,871 35,776
----------------------------------------------------------------------------
Spain - 17.2%
Enagas 10,385 268,501
Endesa S.A. 33,559 1,913,332
Gas Natural SDG S.A. 12,394 697,994
Iberdrola S.A. 30,112 1,764,339
Red Electrica de Espana, S.A. 5,235 270,624
Sociedad General de Aguas de Barcelona S.A.
Class A 5,812 220,276
Union Fenosa S.A. 8,603 507,620
----------
Total Spain 5,642,686
----------------------------------------------------------------------------
United Kingdom - 15.4%
Centrica PLC 110,549 856,988
International Power PLC 24,675 226,851
National Grid PLC 90,527 1,445,971
Northumbrian Water Group PLC 34,046 236,356
Pennon Group PLC 18,353 226,966
Scottish & Southern Energy PLC 28,846 888,005
Severn Trent PLC 14,548 417,915
United Utilities PLC 53,372 761,163
----------
Total United Kingdom 5,060,215
----------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $29,319,532) 32,559,284
============================================================================
See Notes to Financial Statements.
40 WisdomTree International Dividend Sector Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International Utilities Sector Fund
September 30, 2007
--------------------------------------------------------------------------------
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 5.0%
MONEY MARKET FUNDS(b) - 5.0%
UBS Enhanced Yield Portfolio, 5.38% 523,903 $ 523,903
UBS Private Money Market Fund LLC, 5.21% 1,114,117 1,114,117
----------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $1,638,020)(c) 1,638,020
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 104.3%
(Cost: $30,957,552)(d) 34,197,304
Liabilities in Excess of Cash, Foreign Currency and
Other Assets - (4.3)% (1,427,589)
----------
NET ASSETS - 100.0% $32,769,715
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2007 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2007.
(c) At September 30, 2007, the total market value of the Fund's securities on
loan was $1,558,291 and the total market value of the collateral held by
the Fund was $1,638,020.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 41
Statements of Assets and Liabilities (unaudited)
WisdomTree International Dividend Sector Funds
September 30, 2007
--------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International International
Basic Materials Communications
Sector Fund Sector Fund
--------------------------------------------------------------------------------------------------------------
ASSETS:
--------------------------------------------------------------------------------------------------------------
Investments, at cost $ 111,438,087 $ 24,253,769
Foreign currency, at cost - 122,905
--------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 121,448,073 28,491,754
Cash 11,367 11,236
Foreign currency, at value - 126,375
Receivables:
Investment securities sold 3,338,034 37,573
Dividends and interest 231,138 19,569
Foreign tax reclaims 3,631 10,882
--------------------------------------------------------------------------------------------------------------
Total Assets 125,032,243 28,697,389
==============================================================================================================
LIABILITIES:
Due to foreign custodian 3,081,955 -
Payables:
Collateral for securities on loan (Note 2) 11,178,057 669,077
Advisory fees (Note 3) 48,688 12,604
Other accrued expenses 369 95
--------------------------------------------------------------------------------------------------------------
Total Liabilities 14,309,069 681,776
==============================================================================================================
NET ASSETS $ 110,723,174 $ 28,015,613
==============================================================================================================
NET ASSETS:
Paid-in capital $ 99,070,652 $ 22,705,470
Undistributed net investment income 599,259 807,645
Accumulated net realized gain on investments and foreign currency
related transactions 1,037,505 260,032
Net unrealized appreciation on investments and translation of assets
and liabilities denominated in foreign currencies 10,015,758 4,242,466
==============================================================================================================
NET ASSETS $ 110,723,174 $ 28,015,613
==============================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 2,800,000 800,000
--------------------------------------------------------------------------------------------------------------
Net asset value per share $ 39.54 $ 35.02
==============================================================================================================
--------------------------------------------------------------------------------------------------------------------------------
WisdomTree
WisdomTree International WisdomTree
International Consumer International
Consumer Cyclical Non-Cyclical Energy
Sector Fund Sector Fund Sector Fund
--------------------------------------------------------------------------------------------------------------------------------
ASSETS:
--------------------------------------------------------------------------------------------------------------------------------
Investments, at cost $ 5,316,831 $ 21,592,260 $ 45,100,866
Foreign currency, at cost 22,927 63,830 216,433
--------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 6,280,613 23,709,098 50,494,398
Cash 3,864 9,330 41,896
Foreign currency, at value 23,296 65,301 219,095
Receivables:
Investment securities sold 6,707 - -
Dividends and interest 23,966 74,723 46,024
Foreign tax reclaims 411 15,754 5,177
--------------------------------------------------------------------------------------------------------------------------------
Total Assets 6,338,857 23,874,206 50,806,590
================================================================================================================================
LIABILITIES:
Due to foreign custodian - - -
Payables:
Collateral for securities on loan (Note 2) - 54,853 1,646,738
Advisory fees (Note 3) 2,898 11,091 22,171
Other accrued expenses 22 84 168
--------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 2,920 66,028 1,669,077
================================================================================================================================
NET ASSETS $ 6,335,937 $ 23,808,178 $ 49,137,513
================================================================================================================================
NET ASSETS:
Paid-in capital $ 5,001,029 $ 20,899,161 $ 42,390,977
Undistributed net investment income 112,210 453,132 567,883
Accumulated net realized gain on investments and foreign currency
related transactions 258,097 335,420 779,882
Net unrealized appreciation on investments and translation of assets
and liabilities denominated in foreign currencies 964,601 2,120,465 5,398,771
================================================================================================================================
NET ASSETS $ 6,335,937 $ 23,808,178 $ 49,137,513
================================================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 200,000 800,000 1,400,000
--------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 31.68 $ 29.76 $ 35.10
================================================================================================================================
See Notes to Financial Statements.
42 WisdomTree International Dividend Sector Funds
Statements of Assets and Liabilities (unaudited) (concluded)
WisdomTree International Dividend Sector Funds
September 30, 2007
--------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International International
Financial Health Care
Sector Fund Sector Fund
-----------------------------------------------------------------------------------------------------------
ASSETS:
-----------------------------------------------------------------------------------------------------------
Investments, at cost $ 22,117,786 $ 22,116,073
Foreign currency, at cost 50,240 45,625
-----------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 23,053,212 23,071,447
Cash 6,047 14,936
Foreign currency, at value 51,661 47,211
Receivables:
Investment securities sold 43,266 -
Dividends and interest 98,044 66,099
Foreign tax reclaims 14,246 13,365
-----------------------------------------------------------------------------------------------------------
Total Assets 23,266,476 23,213,058
===========================================================================================================
LIABILITIES:
Payables:
Collateral for securities on loan (Note 2) 137,035 903,541
Advisory fees (Note 3) 10,537 10,332
Other accrued expenses 80 78
-----------------------------------------------------------------------------------------------------------
Total Liabilities 147,652 913,951
===========================================================================================================
NET ASSETS $ 23,118,824 $ 22,299,107
===========================================================================================================
NET ASSETS:
Paid-in capital $ 21,530,574 $ 20,615,472
Undistributed net investment income 523,388 537,803
Accumulated net realized gain (loss) on investments and foreign
currency related transactions 123,998 187,858
Net unrealized appreciation on investments and translation of assets
and liabilities denominated in foreign currencies 940,864 957,974
===========================================================================================================
NET ASSETS $ 23,118,824 $ 22,299,107
===========================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 800,000 800,000
-----------------------------------------------------------------------------------------------------------
Net asset value per share $ 28.90 $ 27.87
===========================================================================================================
----------------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree
International International International
Industrial Technology Utilities
Sector Fund Sector Fund Sector Fund
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
----------------------------------------------------------------------------------------------------------------------------
Investments, at cost $ 48,151,768 $10,664,330 $ 30,957,552
Foreign currency, at cost 14,828 22,922 29,301
----------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value (including securities on loan) (Note 2) 50,750,023 11,074,372 34,197,304
Cash 90 4,118 152,205
Foreign currency, at value 15,222 23,375 29,707
Receivables:
Investment securities sold - - -
Dividends and interest 93,121 21,739 34,140
Foreign tax reclaims 12,969 728 6,771
----------------------------------------------------------------------------------------------------------------------------
Total Assets 50,871,425 11,124,332 34,420,127
============================================================================================================================
LIABILITIES:
Payables:
Collateral for securities on loan (Note 2) 3,019,020 - 1,638,020
Advisory fees (Note 3) 21,920 5,202 12,299
Other accrued expenses 166 39 93
----------------------------------------------------------------------------------------------------------------------------
Total Liabilities 3,041,106 5,241 1,650,412
============================================================================================================================
NET ASSETS $ 47,830,319 $11,119,091 $ 32,769,715
============================================================================================================================
NET ASSETS:
Paid-in capital $ 43,884,838 $10,643,933 $ 28,164,012
Undistributed net investment income 531,373 71,390 573,534
Accumulated net realized gain (loss) on investments and foreign
currency related transactions 813,536 (6,911) 791,729
Net unrealized appreciation on investments and translation of assets
and liabilities denominated in foreign currencies 2,600,572 410,679 3,240,440
============================================================================================================================
NET ASSETS $ 47,830,319 $11,119,091 $ 32,769,715
============================================================================================================================
Beneficial interest shares of $0.001 par value (unlimited number of
shares authorized) 1,400,000 400,000 1,000,000
----------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 34.16 $ 27.80 $ 32.77
============================================================================================================================
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 43
Statements of Operations (unaudited)
WisdomTree International Dividend Sector Funds
For the Six Months Ended September 30, 2007
----------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International International
Basic Materials Communications
Sector Fund Sector Fund
----------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 726,626 $ 805,206
Securities lending income (Note 2) 13,105 31,224
----------------------------------------------------------------------------------------------------------
Total investment income 739,731 836,430
----------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 190,018 73,096
Service fees (Note 3) 729 188
----------------------------------------------------------------------------------------------------------
Total expenses 190,747 73,284
----------------------------------------------------------------------------------------------------------
Net investment income 548,984 763,146
==========================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (616,331) (3,986)
In-kind redemptions 1,644,150 259,483
Foreign currency related transactions 7,388 2,387
----------------------------------------------------------------------------------------------------------
Net realized gain 1,035,207 257,884
----------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 8,671,637 3,817,065
Translation of assets and liabilities denominated in foreign currencies 5,189 4,074
----------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) 8,676,826 3,821,139
----------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 9,712,033 4,079,023
==========================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $10,261,017 $4,842,169
==========================================================================================================
---------------------------------------------------------------------------------------------------------------------------
WisdomTree
WisdomTree International WisdomTree
International Consumer International
Consumer Cyclical Non-Cyclical Energy
Sector Fund Sector Fund Sector Fund
---------------------------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 107,066 $ 371,676 $ 547,048
Securities lending income (Note 2) - 7,885 17,081
---------------------------------------------------------------------------------------------------------------------------
Total investment income 107,066 379,561 564,129
---------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 18,258 67,304 98,258
Service fees (Note 3) 45 168 329
---------------------------------------------------------------------------------------------------------------------------
Total expenses 18,303 67,472 98,587
---------------------------------------------------------------------------------------------------------------------------
Net investment income 88,763 312,089 465,542
===========================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (17,276) (10,899) 7,355
In-kind redemptions 263,281 339,782 760,937
Foreign currency related transactions 4,141 827 3,481
---------------------------------------------------------------------------------------------------------------------------
Net realized gain 250,146 329,710 771,773
---------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions (92,080) 581,830 4,324,908
Translation of assets and liabilities denominated in foreign currencies 273 1,950 3,417
---------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) (91,807) 583,780 4,328,325
---------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 158,339 913,490 5,100,098
===========================================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 247,102 $1,225,579 $5,565,640
===========================================================================================================================
(1) Net of foreign withholding tax of $42,251, $92,282, $10,504, $34,263 and
$49,597, respectively.
See Notes to Financial Statements.
44 WisdomTree International Dividend Sector Funds
Statements of Operations (unaudited) (concluded)
WisdomTree International Dividend Sector Funds
For the Six Months Ended September 30, 2007
--------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree
International International
Financial Health Care
Sector Fund Sector Fund
--------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 532,355 $ 447,018
Securities lending income (Note 2) 10,133 34,945
--------------------------------------------------------------------------------------------------------
Total investment income 542,488 481,963
--------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 66,724 63,318
Service fees (Note 3) 162 157
--------------------------------------------------------------------------------------------------------
Total expenses 66,886 63,475
--------------------------------------------------------------------------------------------------------
Net investment income 475,602 418,488
========================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (90,660) (219,740)
In-kind redemptions 163,402 395,500
Foreign currency related transactions 3,220 1,739
--------------------------------------------------------------------------------------------------------
Net realized gain (loss) 75,962 177,499
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 241,438 166,240
Translation of assets and liabilities denominated in foreign currencies 4,752 1,025
--------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation 246,190 167,265
--------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 322,152 344,764
========================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $ 797,754 $ 763,252
========================================================================================================
-----------------------------------------------------------------------------------------------------------------------
WisdomTree WisdomTree WisdomTree
International International International
Industrial Technology Utilities
Sector Fund Sector Fund Sector Fund
-----------------------------------------------------------------------------------------------------------------------
INVESTMENT INCOME:
Dividends(1) $ 548,733 $ 80,677 $ 549,339
Securities lending income (Note 2) 12,652 - 14,577
-----------------------------------------------------------------------------------------------------------------------
Total investment income 561,385 80,677 563,916
-----------------------------------------------------------------------------------------------------------------------
EXPENSES:
Advisory fees (Note 3) 116,274 23,551 72,211
Service fees (Note 3) 335 79 183
-----------------------------------------------------------------------------------------------------------------------
Total expenses 116,609 23,630 72,394
-----------------------------------------------------------------------------------------------------------------------
Net investment income 444,776 57,047 491,522
=======================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (109,478) (76,391) (16,411)
In-kind redemptions 885,015 69,210 805,442
Foreign currency related transactions (1,827) (22) (145)
-----------------------------------------------------------------------------------------------------------------------
Net realized gain (loss) 773,710 (7,203) 788,886
-----------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 1,143,401 180,480 1,305,310
Translation of assets and liabilities denominated in foreign currencies 1,796 450 (248)
-----------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation 1,145,197 180,930 1,305,062
-----------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 1,918,907 173,727 2,093,948
=======================================================================================================================
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS $2,363,683 $ 230,774 $2,585,470
=======================================================================================================================
(1) Net of foreign withholding tax of $60,711, $60,365, $58,799, $7,332 and
$63,089, respectively.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 45
Statements of Changes in Net Assets
WisdomTree International Dividend Sector Funds
-----------------------------------------------------------------------------------------
WisdomTree International
Basic Materials Sector Fund
-----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, October 13, 2006*
2007 through
(unaudited) March 31,2007
-----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 548,984 $ 50,006
Net realized gain on investments and foreign
currency related transactions 1,035,207 2,567
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies 8,676,826 1,338,932
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 10,261,017 1,391,505
=========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - -
Capital gains - -
-----------------------------------------------------------------------------------------
Total dividends and distributions - -
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 108,581,000 5,014,128
Cost of shares redeemed (14,524,576) -
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 94,056,424 5,014,128
=========================================================================================
Net Increase in Net Assets 104,317,441 6,405,633
=========================================================================================
NET ASSETS:
Beginning of period $ 6,405,733 $ 100
End of period $ 110,723,174 $6,405,733
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 599,259 $ 50,275
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 200,004 -
Shares created 3,000,000 200,004
Shares redeemed (400,004) -
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 2,800,000 200,004
=========================================================================================
-----------------------------------------------------------------------------------------------------------------------------
WisdomTree International WisdomTree International
Communications Sector Fund Consumer Cyclical Sector Fund
-----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, October 13, 2006* September 30, October 13, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS: $ 30,725
Net investment income $ 763,146 $ 80,088 $ 88,763
Net realized gain on investments and foreign 8,623
currency related transactions 257,884 2,884 250,146
Net change in unrealized appreciation
(depreciation) on investments and translation
of assets and liabilities denominated in
foreign currencies 3,821,139 421,327 (91,807) 1,056,408
-----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 4,842,169 504,299 247,102 1,095,756
=============================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (36,267) - (7,824)
Capital gains - (58) - (126)
-----------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions - (36,325) - (7,950)
=============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 6,332,147 22,705,492 6,514,367 5,001,056
Cost of shares redeemed (6,332,269) - (6,514,494) -
-----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (122) 22,705,492 (127) 5,001,056
=============================================================================================================================
Net Increase in Net Assets 4,842,047 23,173,466 246,975 6,088,862
=============================================================================================================================
NET ASSETS:
Beginning of period $ 23,173,566 $ 100 $ 6,088,962 $ 100
End of period $ 28,015,613 $23,173,566 $ 6,335,937 $6,088,962
=============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 807,645 $ 44,499 $ 112,210 $ 23,447
=============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 - 200,004 -
Shares created 200,000 800,004 200,000 200,004
Shares redeemed (200,004) - (200,004) -
-----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 800,000 800,004 200,000 200,004
=============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
46 WisdomTree International Dividend Sector Funds
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Sector Funds
--------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------
WisdomTree International
Consumer Non-Cyclical Sector Fund
-----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, October 13, 2006*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 312,089 $ 152,805
Net realized gain on investments and foreign
currency related transactions 329,710 7,308
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 583,780 1,536,685
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 1,225,579 1,696,798
=========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (13,272)
Capital gains - (88)
-----------------------------------------------------------------------------------------
Total dividends and distributions - (13,360)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 5,814,900 20,899,179
Cost of shares redeemed (5,815,018) -
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (118) 20,899,179
=========================================================================================
Net Increase in Net Assets 1,225,461 22,582,617
=========================================================================================
NET ASSETS:
Beginning of period $ 22,582,717 $ 100
End of period $ 23,808,178 $22,582,717
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 453,132 $ 141,043
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 -
Shares created 200,000 800,004
Shares redeemed (200,004) -
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 800,000 800,004
=========================================================================================
------------------------------------------------------------------------------------------------------------------------------
WisdomTree International WisdomTree International
Energy Sector Fund Financial Sector Fund
------------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, October 13, 2006* September 30, October 13, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
------------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 465,542 $ 129,950 $ 475,602 $ 57,944
Net realized gain on investments and foreign
currency related transactions 771,773 7,724 75,962 65,963
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 4,328,325 1,070,446 246,190 694,674
------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 5,565,640 1,208,120 797,754 818,581
==============================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (27,224) - (10,644)
Capital gains - - - (14)
------------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions - (27,224) - (10,658)
==============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 27,212,718 21,659,004 5,885,784 27,077,940
Cost of shares redeemed (6,480,845) - (5,885,903) (5,564,774)
------------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 20,731,873 21,659,004 (119) 21,513,166
==============================================================================================================================
Net Increase in Net Assets 26,297,513 22,839,900 797,635 22,321,089
==============================================================================================================================
NET ASSETS:
Beginning of period $ 22,840,000 $ 100 $ 22,321,189 $ 100
End of period $ 49,137,513 $22,840,000 $ 23,118,824 $ 22,321,189
==============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 567,883 $ 102,341 $ 523,388 $ 47,786
==============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 - 800,004 -
Shares created 800,000 800,004 200,000 1,000,004
Shares redeemed (200,004) - (200,004) (200,000)
------------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,400,000 800,004 800,000 800,004
==============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 47
Statements of Changes in Net Assets (continued)
WisdomTree International Dividend Sector Funds
-----------------------------------------------------------------------------------------
WisdomTree International
Health Care Sector Fund
-----------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, October 13, 2006*
2007 through
(unaudited) March 31, 2007
-----------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 418,488 $ 131,016
Net realized gain (loss) on investments and
foreign currency related transactions 177,499 8,730
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 167,265 790,709
-----------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 763,252 930,455
=========================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (10,072)
Capital gains - -
-----------------------------------------------------------------------------------------
Total dividends and distributions - (10,072)
=========================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 5,416,302 20,615,484
Cost of shares redeemed (5,416,414) -
-----------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions (112) 20,615,484
=========================================================================================
Net Increase in Net Assets 763,140 21,535,867
=========================================================================================
NET ASSETS:
Beginning of period $ 21,535,967 $ 100
End of period $ 22,299,107 $21,535,967
=========================================================================================
Undistributed net investment income included in
net assets at end of period $ 537,803 $ 119,315
=========================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 -
Shares created 200,000 800,004
Shares redeemed (200,004) -
-----------------------------------------------------------------------------------------
Shares outstanding, end of period 800,000 800,004
=========================================================================================
-----------------------------------------------------------------------------------------------------------------------------
WisdomTree International WisdomTree International
Industrial Sector Fund Technology Sector Fund
-----------------------------------------------------------------------------------------------------------------------------
For the For the
Six Months Ended For the Period Six Months Ended For the Period
September 30, October 13, 2006* September 30, October 13, 2006*
2007 through 2007 through
(unaudited) March 31, 2007 (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 444,776 $ 90,402 $ 57,047 $ 21,023
Net realized gain (loss) on investments and
foreign currency related transactions 773,710 40,739 (7,203) 152
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 1,145,197 1,455,375 180,930 229,749
-----------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 2,363,683 1,586,516 230,774 250,924
=============================================================================================================================
DIVIDENDS AND DISTRIBUTIONS:
Net investment income - (4,624) - (6,540)
Capital gains - (94) - -
-----------------------------------------------------------------------------------------------------------------------------
Total dividends and distributions - (4,718) - (6,540)
=============================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 27,471,373 23,327,752 11,130,405 5,001,914
Cost of shares redeemed (6,914,387) - (5,488,486) -
-----------------------------------------------------------------------------------------------------------------------------
Net increase (decrease) in net assets resulting from
capital share transactions 20,556,986 23,327,752 5,641,919 5,001,914
=============================================================================================================================
Net Increase in Net Assets 22,920,669 24,909,550 5,872,693 5,246,298
=============================================================================================================================
NET ASSETS:
Beginning of period $ 24,909,650 $ 100 $ 5,246,398 $ 100
End of period $ 47,830,319 $24,909,650 $ 11,119,091 $5,246,398
=============================================================================================================================
Undistributed net investment income included in
net assets at end of period $ 531,373 $ 86,597 $ 71,390 $ 14,343
=============================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 - 200,004 -
Shares created 800,000 800,004 400,000 200,004
Shares redeemed (200,004) - (200,004) -
-----------------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,400,000 800,004 400,000 200,004
=============================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
48 WisdomTree International Dividend Sector Funds
Statements of Changes in Net Assets (concluded)
WisdomTree International Dividend Sector Funds
----------------------------------------------------------------------------------------------------------------------
WisdomTree International
Utilities Sector Fund
----------------------------------------------------------------------------------------------------------------------
For the
Six Months Ended For the Period
September 30, October 13, 2006*
2007 through
(unaudited) March 31, 2007
----------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
OPERATIONS:
Net investment income $ 491,522 $ 110,908
Net realized gain on investments and foreign currency related transactions 788,886 2,515
Net change in unrealized appreciation on investments and translation of assets and 1,305,062 1,935,378
liabilities denominated in foreign currencies
----------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 2,585,470 2,048,801
======================================================================================================================
DIVIDENDS:
Net investment income - (28,568)
----------------------------------------------------------------------------------------------------------------------
Total dividends - (28,568)
======================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares 12,643,550 21,748,118
Cost of shares redeemed (6,227,720) (36)
----------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital share transactions 6,415,830 21,748,082
======================================================================================================================
Net Increase in Net Assets 9,001,300 23,768,315
======================================================================================================================
NET ASSETS:
Beginning of period $ 23,768,415 $ 100
End of period $ 32,769,715 $23,768,415
======================================================================================================================
Undistributed net investment income included in net assets at end of period $ 573,534 $ 82,012
======================================================================================================================
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period 800,004 -
Shares created 400,000 800,004
Shares redeemed (200,004) -
----------------------------------------------------------------------------------------------------------------------
Shares outstanding, end of period 1,000,000 800,004
======================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 49
Financial Highlights
WisdomTree International Dividend Sector Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
------------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Basic Materials Sector Fund (unaudited) March 31, 2007
------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 32.03 $ 25.46
------------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.31 0.25
Net realized and unrealized gain 7.20 6.32
------------------------------------------------------------------------------------------------
Total from investment operations 7.51 6.57
------------------------------------------------------------------------------------------------
Net asset value, end of period $ 39.54 $ 32.03
===============================================================================================
TOTAL RETURN(3) 23.45% 25.81%
------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $110,723 $ 6,406
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.88%(4)
Net investment income 1.68%(4) 1.89%(4)
------------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 11% 0%(6)
===============================================================================================
-----------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Communications Sector Fund (unaudited) March 31, 2007
-----------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 28.97 $ 25.38
-----------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.95 0.16
Net realized and unrealized gain 5.10 3.61
-----------------------------------------------------------------------------------------------
Total from investment operations 6.05 3.77
-----------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.18)
Capital gains - (0.00)(7)
-----------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.18)
-----------------------------------------------------------------------------------------------
Net asset value, end of period $ 35.02 $ 28.97
===============================================================================================
TOTAL RETURN(3) 20.88% 14.87%
-----------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 28,016 $ 23,174
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.72%(4)
Net investment income 6.06%(4) 1.43%(4)
-----------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 1% 0%(6)
===============================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
(7) Amount is less than $0.005.
See Notes to Financial Statements.
50 WisdomTree International Dividend Sector Funds
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
--------------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Consumer Cyclical Sector Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 30.44 $ 25.27
--------------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.44 0.15
Net realized and unrealized gain 0.80 5.06
--------------------------------------------------------------------------------------------------
Total from investment operations 1.24 5.21
--------------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.04)
Capital gains - (0.00)(6)
--------------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.04)
--------------------------------------------------------------------------------------------------
Net asset value, end of period $ 31.68 $ 30.44
==================================================================================================
TOTAL RETURN(3) 4.07% 20.63%
--------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 6,336 $ 6,089
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.89%(4)
Net investment income 2.82%(4) 1.18%(4)
--------------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 12% 3%
==================================================================================================
------------------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Consumer Non-Cyclical Sector Fund (unaudited) March 31, 2007
------------------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 28.23 $ 24.89
------------------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.39 0.25
Net realized and unrealized gain 1.14 3.11
------------------------------------------------------------------------------------------------------
Total from investment operations 1.53 3.36
------------------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.02)
Capital gains - (0.00)(6)
------------------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.02)
------------------------------------------------------------------------------------------------------
Net asset value, end of period $ 29.76 $ 28.23
======================================================================================================
TOTAL RETURN(3) 5.42% 13.49%
------------------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 23,808 $ 22,583
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.69%(4)
Net investment income 2.69%(4) 2.08%(4)
------------------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 2% 2%
======================================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount is less than $0.005.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 51
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
---------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Energy Sector Fund (unaudited) March 31, 2007
---------------------------------------------------------------------------------------
Net asset value, beginning of period $ 28.55 $ 25.44
---------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.44 0.22
Net realized and unrealized gain 6.11 2.92
---------------------------------------------------------------------------------------
Total from investment operations 6.55 3.14
---------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.03)
---------------------------------------------------------------------------------------
Total dividends to shareholders - (0.03)
---------------------------------------------------------------------------------------
Net asset value, end of period $ 35.10 $ 28.55
=======================================================================================
TOTAL RETURN(3) 22.94% 12.36%
---------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 49,138 $ 22,840
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.69%(4)
Net investment income 2.75%(4) 1.82%(4)
---------------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6) 1%
=======================================================================================
---------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Financial Sector Fund (unaudited) March 31, 2007
---------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 27.90 $ 25.34
---------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.59 0.19
Net realized and unrealized gain 0.41 2.42
---------------------------------------------------------------------------------------------
Total from investment operations 1.00 2.61
---------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.05)
Capital gains - (0.00)(7)
---------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.05)
---------------------------------------------------------------------------------------------
Net asset value, end of period $ 28.90 $ 27.90
=============================================================================================
TOTAL RETURN(3) 3.58% 10.32%
---------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 23,119 $ 22,321
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.86%(4)
Net investment income 4.13%(4) 1.98%(4)
---------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 8% 5%
=============================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount represents less than 1%.
(7) Amount is less than $0.005.
See Notes to Financial Statements.
52 WisdomTree International Dividend Sector Funds
Financial Highlights (continued)
WisdomTree International Dividend Sector Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
--------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Health Care Sector Fund (unaudited) March 31, 2007
--------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 26.92 $ 24.93
--------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.52 0.22
Net realized and unrealized gain 0.43 1.78
--------------------------------------------------------------------------------------------
Total from investment operations 0.95 2.00
--------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.01)
--------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.01)
--------------------------------------------------------------------------------------------
Net asset value, end of period $ 27.87 $ 26.92
============================================================================================
TOTAL RETURN(3) 3.53% 8.03%
--------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 22,299 $ 21,536
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.69%(4)
Net investment income 3.83%(4) 1.81%(4)
--------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 2% 3%
============================================================================================
---------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Industrial Sector Fund (unaudited) March 31, 2007
---------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 31.14 $ 25.39
---------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.38 0.23
Net realized and unrealized gain 2.64 5.54
---------------------------------------------------------------------------------------------
Total from investment operations 3.02 5.77
---------------------------------------------------------------------------------------------
Dividends and distributions to shareholders:
Net investment income - (0.02)
Capital gains - (0.00)(6)
---------------------------------------------------------------------------------------------
Total dividends and distributions to shareholders - (0.02)
---------------------------------------------------------------------------------------------
Net asset value, end of period $ 34.16 $ 31.14
=============================================================================================
TOTAL RETURN(3) 9.70% 22.75%
---------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 47,830 $ 24,910
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.76%(4)
Net investment income 2.22%(4) 1.98%(4)
---------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 8% 1%
=============================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
(6) Amount is less than $0.005.
See Notes to Financial Statements.
WisdomTree International Dividend Sector Funds 53
Financial Highlights (concluded)
WisdomTree International Dividend Sector Funds
September 30, 2007
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
-------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Technology Sector Fund (unaudited) March 31, 2007
-------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 26.23 $ 25.13
-------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.20 0.11
Net realized and unrealized gain 1.37 1.02
-------------------------------------------------------------------------------------------
Total from investment operations 1.57 1.13
-------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.03)
-------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.03)
-------------------------------------------------------------------------------------------
Net asset value, end of period $ 27.80 $ 26.23
===========================================================================================
TOTAL RETURN(3) 5.99% 4.51%
-------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 11,119 $ 5,246
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.91%(4)
Net investment income 1.40%(4) 0.87%(4)
-------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 6% 2%
===========================================================================================
------------------------------------------------------------------------------------------
For the For the Period
Six Months Ended October 13, 2006(1)
September 30, 2007 through
WisdomTree International Utilities Sector Fund (unaudited) March 31, 2007
------------------------------------------------------------------------------------------
Net asset value, beginning of period $ 29.71 $ 24.96
------------------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.59 0.18
Net realized and unrealized gain 2.47 4.61
------------------------------------------------------------------------------------------
Total from investment operations 3.06 4.79
------------------------------------------------------------------------------------------
Dividends to shareholders:
Net investment income - (0.04)
------------------------------------------------------------------------------------------
Total dividends to shareholders - (0.04)
------------------------------------------------------------------------------------------
Net asset value, end of period $ 32.77 $ 29.71
==========================================================================================
TOTAL RETURN(3) 10.30% 19.18%
------------------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 32,770 $ 23,768
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4) 0.58%(4)
Expenses, prior to expense reimbursements 0.58%(4) 0.68%(4)
Net investment income 3.95%(4) 1.38%(4)
------------------------------------------------------------------------------------------
Portfolio turnover rate(5) 11% 1%
==========================================================================================
(1) Commencement of investment operations.
(2) Based on average shares outstanding.
(3) Total return is calculated assuming an initial investment made at the net
asset value at the beginning of the period, reinvestment of all dividends
and distributions at net asset value during the period and redemption on
the last day of the period. Total return calculated for a period of less
than one year is not annualized. The total return would have been lower if
certain expenses had not been reimbursed by the investment advisor (Note
3).
(4) Annualized.
(5) Portfolio turnover rate is not annualized and excludes the value of
portfolio securities received or delivered as a result of in-kind
creations or redemptions of the Fund's capital shares.
See Notes to Financial Statements.
54 WisdomTree International Dividend Sector Funds
Notes to Financial Statements (unaudited)
1. ORGANIZATION
WisdomTree Trust (the "Trust") is registered under the Investment Company Act of
1940, as amended (the "1940 Act"), as an open-end management investment company.
The Trust was established as a Delaware statutory trust pursuant to a Trust
Instrument dated December 15, 2005. As of September 30, 2007, the Trust offered
38 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006, with the exception of the international dividend sector funds, domestic
earnings funds, International Real Estate Fund and Emerging Markets
High-Yielding Equity Fund that commenced operations on October 13, 2006,
February 23, 2007, June 5, 2007 and July 13, 2007, respectively.
These financial statements relate only to the WisdomTree International Basic
Materials Sector Fund ("International Basic Materials Sector Fund"), WisdomTree
International Communications Sector Fund ("International Communications Sector
Fund"), WisdomTree International Consumer Cyclical Sector Fund ("International
Consumer Cyclical Sector Fund"), WisdomTree International Consumer Non-Cyclical
Sector Fund ("International Consumer Non-Cyclical Sector Fund"), WisdomTree
International Energy Sector Fund ("International Energy Sector Fund"),
WisdomTree International Financial Sector Fund ("International Financial Sector
Fund"), WisdomTree International Health Care Sector Fund ("International Health
Care Sector Fund"), WisdomTree International Industrial Sector Fund
("International Industrial Sector Fund"), WisdomTree International Technology
Sector Fund ("International Technology Sector Fund") and WisdomTree
International Utilities Sector Fund ("International Utilities Sector Fund"),
together the "International Dividend Sector Funds."
Each Fund seeks investment returns that closely correspond to the price and
yield performance, before fees and expenses, of a particular index ("Index")
developed by WisdomTree Investments, Inc. ("Wisdom Tree Investments"). Each
Index consists of dividend paying securities in the market suggested by its name
that meet specific criteria developed by WisdomTree Investments. "WisdomTree"
and "WisdomTree Investments" are service marks of WisdomTree Investments
licensed for use by the Trust. WisdomTree Investments has patent applications
pending on the methodology and operation of its Indexes and the Funds.
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.
The preparation of financial statements in conformity with U.S. Generally
Accepted Accounting Principles ("U.S. GAAP"), requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of increases and decreases in
the net assets from operations during the reporting period. Actual results could
differ from those estimates.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) Investment Valuation - The Net Asset Value ("NAV") of each Fund's shares is
calculated each day the national securities exchanges are open for trading as of
the close of regular trading on the New York Stock Exchange, generally 4:00 p.m.
New York time. NAV per share is calculated by dividing a Fund's net assets by
the number of Fund shares outstanding. Securities traded on any recognized U.S.
or non-U.S. exchange are valued at the last sale price or official closing price
on the exchange or system on which they are principally traded. Events occurring
after the close of trading on non-U.S. exchanges may result in adjustments to
the valuation of foreign securities to more accurately reflect their fair value
as of the close of regular trading on the New York Stock Exchange. The Fund may
rely on an independent fair valuation service in adjusting the valuations of
foreign securities. Unlisted equity securities are valued at the last quoted
sale price or, if no sale price is available, at the mean between the most
recently quoted bid and asked 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 current market value.
(b) Investment Transactions - Investment transactions are recorded as of the
date that the securities are purchased or sold (trade date). Realized gains and
losses on sales of portfolio securities are calculated using the identified-cost
method.
(c) Foreign Currency Translation - The accounting records of the Funds are
maintained in U.S. dollars. Foreign currencies, as well as investment securities
and other assets and liabilities denominated in foreign currencies, are
translated into U.S. dollars using exchange rates deemed appropriate by the
investment adviser. Realized and unrealized foreign exchange gains or losses on
investments are included as a component of net realized and unrealized gain or
loss on foreign currency transactions in the Statements of Operations. Certain
foreign exchange gains and losses included in realized and unrealized gains or
losses are included in, or are a reduction of, ordinary income in accordance
with U.S. Federal income tax regulations.
WisdomTree International Dividend Sector Funds 55
Notes to Financial Statements (unaudited) (continued)
(d) Investment Income - Dividend income is recognized on the ex-dividend date,
net of any foreign taxes withheld. Interest income is accrued daily. The value
of additional securities received as dividend payments is recorded as income and
as an increase to the cost basis of such securities.
(e) Expenses/Reimbursements - WisdomTree Asset Management ("WTAM") has agreed to
pay all expenses of the Trust, except for: (i) brokerage expenses and other
expenses (such as stamp taxes) connected with the execution of portfolio
transactions or in connection with creation and redemption transactions; (ii)
legal fees or expenses in connection with any arbitration, litigation or pending
or threatened arbitration or litigation, including any settlements in connection
therewith; (iii) compensation and expenses of each Independent Trustee; (iv)
compensation and expenses of counsel to the Independent Trustees; (v)
compensation and expenses of the Trust's chief compliance officer; (vi)
extraordinary expenses; (vii) distribution fees and expenses paid by the Trust
under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act;
and (viii) the advisory fee payable to WTAM. Pursuant to a separate contractual
arrangement, WTAM has paid the expenses described in (iii), (iv) and (v) through
July 31, 2007.
(f) Security Lending - Each Fund may lend portfolio securities to certain
creditworthy borrowers, including the Funds' securities lending agent. The loans
are collateralized at all times by cash and/or high grade debt obligations in an
amount at least equal to 102% of the market value of domestic securities loaned
(105% in the case of foreign securities loaned) as determined at the close of
business on the preceding business day. Each Fund receives compensation for
lending its securities from interest or dividends earned on the cash or U.S.
government securities held as collateral, net of fee rebates paid to the
borrower plus reasonable administrative and custody fees. The dividend and
interest income earned on the securities loaned is accounted for in the same
manner as other dividend and interest income. The borrower pays to the Funds an
amount equal to any dividends or interest received on loaned securities. The
Funds retain all or a portion of the interest received on investment of cash
collateral or receives a fee from the borrower. Lending portfolio securities
could result in a loss or delay in recovering each Fund's securities if the
borrower defaults.
The securities lending income earned by the Funds is disclosed on the Statements
of Operations.
(g) Tax Information and Dividends and Distributions to Shareholders - It is each
Fund's policy to comply with all requirements of the Internal Revenue Code of
1986, as amended ("the Code"). Each Fund intends to qualify for and to elect
treatment as a separate Regulated Investment Company ("RIC") under Subchapter M
of the Code. It is the policy of each Fund to pay out dividends, if any, to
investors at least annually. Taxable net realized gains from investment
transactions, reduced by capital loss carryforwards, if any, are declared and
distributed to shareholders at least annually. The capital loss carryforward
amount, if any, is available to offset future net capital gains. The Funds may
occasionally be required to make supplemental distributions at some other time
during the year. The Trust reserves the right to declare special distributions
if, in its reasonable discretion, such action is necessary or advisable to
preserve the status of each Fund as a RIC or to avoid imposition of income or
excise taxes on undistributed income. Dividends and distributions to
shareholders are recorded on the ex-dividend date. The amount of dividends and
distributions from net investment income and net realized capital gains are
determined in accordance with Federal income tax regulations which may differ
from U.S. GAAP. These book/tax differences are either considered temporary or
permanent in nature. To the extent these differences are permanent in nature,
such amounts are reclassified within the components of net assets based on their
federal tax basis treatment; temporary differences do not require
reclassification. Dividends and distributions, which exceed earnings and profit
for tax purposes, are reported as a tax return of capital.
The Funds adopted the provisions of Financial Accounting Standards Board (FASB)
Interpretation No. 48, Accounting for Uncertainty in Income Taxes. This
interpretation prescribes a minimum threshold for financial statement
recognition of the benefit of a tax position taken or expected to be taken in a
tax return. Foreign taxes are provided for based on each Fund's understanding of
the tax rules and rates that exist in the foreign markets in which it invests.
Taxes are accrued and applied to net investment income, net realized capital
gains and net unrealized appreciation, as applicable, as the income is earned or
capital gains are recorded. 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. Management has evaluated
the application of FIN 48 to the Funds, and has determined that there is no
impact resulting from the adoption of this interpretation on the Funds'
financial statements.
(h) Short-Term Investments - Each Fund may invest a portion of its assets in
high-quality money market instruments on an ongoing basis to provide liquidity
or for other reasons. The instruments in which a Fund may invest include
short-term obligations issued by the U.S. Government, negotiable certificates of
deposit ("CDs"), fixed time deposits and bankers' acceptances of U.S. and
foreign banks and similar institutions, commercial papers, repurchase agreements
and money market funds. CDs are short-term negotiable obligations of commercial
banks. Time deposits are non-negotiable deposits maintained in banking
institutions for specified periods of time at stated interest rates. Banker's
acceptances are time drafts drawn on commercial banks by borrowers, usually in
connection with international transactions.
56 WisdomTree International Dividend Sector Funds
Notes to Financial Statements (unaudited) (continued)
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees - WTAM provides investment management services to each Fund
pursuant to an Investment Advisory Agreement between the Trust and WTAM. As
compensation for services rendered, facilities furnished, and expenses borne by
WTAM, each Fund pays WTAM a fee, as listed below, which is accrued daily and
paid monthly, based on the average daily net assets of the Fund.
------------------------------------------------------------
Fund Fee Rate
------------------------------------------------------------
International Basic Materials Sector Fund 0.58%
------------------------------------------------------------
International Communications Sector Fund 0.58%
------------------------------------------------------------
International Consumer Cyclical Sector Fund 0.58%
------------------------------------------------------------
International Consumer Non-Cyclical Sector Fund 0.58%
------------------------------------------------------------
International Energy Sector Fund 0.58%
------------------------------------------------------------
International Financial Sector Fund 0.58%
------------------------------------------------------------
International Health Care Sector Fund 0.58%
------------------------------------------------------------
International Industrial Sector Fund 0.58%
------------------------------------------------------------
International Technology Sector Fund 0.58%
------------------------------------------------------------
International Utilities Sector Fund 0.58%
------------------------------------------------------------
Each Fund may purchase shares of an affiliated exchange traded fund(s) in
secondary market transactions. For the six months ended September 30, 2007,
there were no transactions in affiliated ETFs.
Pursuant to a separate contractual arrangement, effective August 1, 2007, WTAM
has arranged for the provision of chief compliance officer ("CCO") services to
the Trust, 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 paid by each Fund of up to 0.0044% of the Fund's average
daily net assets.
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2007, there was an unlimited number of $0.001 par value
shares of beneficial interest authorized by the Trust. Shares are issued and
redeemed by each Fund only in Creation Units or multiples thereof. Except when
aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in shares for each Fund are disclosed in detail in the Statements
of Changes in Net Assets. The consideration for the purchase of Creation Units
of a Fund generally consists of the in-kind contribution of a designated
portfolio of equity securities constituting a portfolio sampling representation
of the securities included in the relevant Fund's underlying index and an amount
of cash. Investors purchasing and redeeming Creation Units may be charged a
purchase transaction fee and a redemption transaction fee to offset transfer and
other transaction costs associated with the issuance and redemption of Creation
Units.
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind purchases and redemptions
and short-term investments) for the six months ended September 30, 2007 were as
follows:
-------------------------------------------------------------------------------
Fund Purchases Sales
-------------------------------------------------------------------------------
International Basic Materials Sector Fund $ 7,550,127 $7,087,809
-------------------------------------------------------------------------------
International Communications Sector Fund 1,838,535 220,631
-------------------------------------------------------------------------------
International Consumer Cyclical Sector Fund 780,062 1,176,761
-------------------------------------------------------------------------------
International Consumer Non-Cyclical Sector Fund 1,105,886 443,212
-------------------------------------------------------------------------------
International Energy Sector Fund 1,154,555 60,752
-------------------------------------------------------------------------------
International Financial Sector Fund 1,749,083 1,938,671
-------------------------------------------------------------------------------
International Health Care Sector Fund 1,041,669 529,331
-------------------------------------------------------------------------------
International Industrial Sector Fund 3,652,257 3,109,817
-------------------------------------------------------------------------------
International Technology Sector Fund 537,617 499,611
-------------------------------------------------------------------------------
International Utilities Sector Fund 3,472,414 2,776,627
-------------------------------------------------------------------------------
WisdomTree International Dividend Sector Funds 57
Notes to Financial Statements (unaudited) (concluded)
For the six months ended September 30, 2007, the cost of in-kind purchases and
the proceeds from in-kind redemptions were as follows:
---------------------------------------------------------------------------------
Fund Purchases Redemptions
---------------------------------------------------------------------------------
International Basic Materials Sector Fund $ 101,196,137 $7,431,283
---------------------------------------------------------------------------------
International Communications Sector Fund 2,238,942 3,230,050
---------------------------------------------------------------------------------
International Consumer Cyclical Sector Fund 1,156,230 691,712
---------------------------------------------------------------------------------
International Consumer Non-Cyclical Sector Fund 2,008,667 2,339,692
---------------------------------------------------------------------------------
International Energy Sector Fund 22,763,137 2,796,691
---------------------------------------------------------------------------------
International Financial Sector Fund 1,890,442 1,338,958
---------------------------------------------------------------------------------
International Health Care Sector Fund 2,546,593 2,664,438
---------------------------------------------------------------------------------
International Industrial Sector Fund 25,370,370 4,866,118
---------------------------------------------------------------------------------
International Technology Sector Fund 6,180,110 528,805
---------------------------------------------------------------------------------
International Utilities Sector Fund 10,229,809 4,108,436
---------------------------------------------------------------------------------
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
6. FEDERAL INCOME TAXES
At September 30, 2007, the cost of investments (including securities on loan)
for Federal income tax purposes was substantially the same as for book purposes,
as indicated below:
-----------------------------------------------------------------------------------------------------------------------
Gross Unrealized Gross Unrealized Net Unrealized
Fund Tax Cost Appreciation Depreciation Appreciation
-----------------------------------------------------------------------------------------------------------------------
International Basic Materials Sector Fund $11,438,087 $11,346,620 $ (1,336,634) $10,009,986
-----------------------------------------------------------------------------------------------------------------------
International Communications Sector Fund 24,253,769 4,632,963 (394,978) 4,237,985
-----------------------------------------------------------------------------------------------------------------------
International Consumer Cyclical Sector Fund 5,316,831 1,158,160 (194,378) 963,782
-----------------------------------------------------------------------------------------------------------------------
International Consumer Non-Cyclical Sector Fund 21,592,260 2,702,250 (585,412) 2,116,838
-----------------------------------------------------------------------------------------------------------------------
International Energy Sector Fund 45,100,866 5,631,114 (237,582) 5,393,532
-----------------------------------------------------------------------------------------------------------------------
International Financial Sector Fund 22,117,786 1,722,912 (787,486) 935,426
-----------------------------------------------------------------------------------------------------------------------
International Health Care Sector Fund 22,116,073 1,864,288 (908,914) 955,374
-----------------------------------------------------------------------------------------------------------------------
International Industrial Sector Fund 48,151,768 4,334,174 (1,735,919) 2,598,255
-----------------------------------------------------------------------------------------------------------------------
International Technology Sector Fund 10,664,330 736,199 (326,157) 410,042
-----------------------------------------------------------------------------------------------------------------------
International Utilities Sector Fund 30,957,552 3,425,914 (186,162) 3,239,752
-----------------------------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On September 15, 2006, the FASB released Statement of Financial Accounting
Standards No. 157, Fair Value Measurements ("FAS 157") which provides enhanced
guidance for measuring fair value. The standard requires companies to provide
expanded information about the assets and liabilities measured at fair value and
the potential effect of these fair valuations on an entity's financial
performance. The standard does not expand the use of fair value in any new
circumstances, but provides clarification on acceptable fair valuation methods
and applications. Adoption of FAS 157 is required for fiscal years beginning
after November 15, 2007 and interim periods within those fiscal years. At this
time, management does not believe the adoption of FAS 157 will impact the
amounts reported in the financial statements; however, additional disclosures
will be required about the inputs used to develop the measurements of fair value
and the effect of certain measurements reported in the Statements of Operations
for the fiscal period.
8. SUBSEQUENT EVENT
Effective October 30, 2007, the Trust launched the WisdomTree Emerging Markets
SmallCap Dividend Fund (DGS). The Fund has an expense ratio of 0.63%.
58 WisdomTree International Dividend Sector Funds
Frequency Distribution of Discounts & Premiums (unaudited)
The chart below presents information about differences between the per share net
asset value ("NAV") of each Fund and the market trading price of shares of each
Fund. For these purposes, the "market price" is the mid-point of the highest bid
and lowest offer for Fund shares as of the close of trading on the exchange
where Fund shares are listed. The term "premium" is sometimes used to describe a
market price in excess of NAV and the term "discount" is sometimes used to
describe a market price below NAV. The chart presents information about the size
and frequency of premiums or discounts. As with other exchange traded funds, the
market price of Fund shares is typically slightly higher or lower than the
Fund's per share NAV. Factors that contribute to the differences between market
price and NAV include the supply and demand for Fund shares and investors'
assessments of the underlying value of a Fund's portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may
contribute to differences between the NAV and market price of Fund shares. Many
non-U.S. markets close prior to the close of the U.S. securities exchanges.
Developments after the close of such markets as a result of ongoing price
discovery may be reflected in a Fund's market price but not in its NAV (or vice
versa).
------------------------------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
------------------------------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage of
Differential of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------------
WisdomTree International Basic Materials Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 14 11.11% 9 7.14%
-----------------------------------------------------------------
25 - 49.9 18 14.29% 5 3.97%
-----------------------------------------------------------------
50 - 74.9 25 19.84% 8 6.35%
-----------------------------------------------------------------
75 - 100.0 18 14.29% 1 0.79%
-----------------------------------------------------------------
>100.0 20 15.87% 8 6.35%
-----------------------------------------------------------------
Total 95 75.40% 31 24.60%
==============================================================================================================================
WisdomTree International Communications Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 12 9.53% 8 6.35%
-----------------------------------------------------------------
25 - 49.9 21 16.67% 6 4.76%
-----------------------------------------------------------------
50 - 74.9 27 21.43% 3 2.38%
-----------------------------------------------------------------
75 - 100.0 23 18.25% 1 0.79%
-----------------------------------------------------------------
>100.0 20 15.87% 5 3.97%
-----------------------------------------------------------------
Total 103 81.75% 23 18.25%
==============================================================================================================================
WisdomTree International Consumer Cyclical Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 35 27.78% 21 16.67%
-----------------------------------------------------------------
25 - 49.9 22 17.46% 9 7.14%
-----------------------------------------------------------------
50 - 74.9 10 7.94% 7 5.56%
-----------------------------------------------------------------
75 - 100.0 4 3.17% 6 4.76%
-----------------------------------------------------------------
>100.0 4 3.17% 8 6.35%
-----------------------------------------------------------------
Total 75 59.52% 51 40.48%
==============================================================================================================================
WisdomTree International Consumer Non-Cyclical Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 21 16.67% 9 7.15%
-----------------------------------------------------------------
25 - 49.9 17 13.49% 4 3.17%
-----------------------------------------------------------------
50 - 74.9 29 23.02% 4 3.17%
-----------------------------------------------------------------
75 - 100.0 19 15.08% 2 1.59%
-----------------------------------------------------------------
>100.0 17 13.49% 4 3.17%
-----------------------------------------------------------------
Total 103 81.75% 23 18.25%
==============================================================================================================================
WisdomTree International Energy Sector Funds
April 1, 2007 - September 30, 2007 0 - 24.9 11 8.73% 13 10.32%
-----------------------------------------------------------------
25 - 49.9 15 11.90% 6 4.77%
-----------------------------------------------------------------
50 - 74.9 13 10.32% 4 3.17%
-----------------------------------------------------------------
75 - 100.0 17 13.49% 4 3.17%
-----------------------------------------------------------------
>100.0 38 30.16% 5 3.97%
-----------------------------------------------------------------
Total 94 74.60% 32 25.40%
==============================================================================================================================
WisdomTree International Dividend Sector Funds 59
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
--------------------------------------------------------------------------------------------------------------------
Market Price Above or Market Price Below
Equal to Net Asset Value Net Asset Value
--------------------------------------------------------------------------------------------------------------------
Basis Point Number Percentage of Number Percentage of
Differential of Days Total Days of Days Total Days
--------------------------------------------------------------------------------------------------------------------
WisdomTree International Financial Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 12 9.53% 6 4.77%
-----------------------------------------------------------------
25 - 49.9 15 11.90% 4 3.17%
-----------------------------------------------------------------
50 - 74.9 33 26.19% 4 3.17%
-----------------------------------------------------------------
75 - 100.0 19 15.08% 3 2.38%
-----------------------------------------------------------------
>100.0 21 16.67% 9 7.14%
-----------------------------------------------------------------
Total 100 79.37% 26 20.63%
====================================================================================================================
WisdomTree International Health Care Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 13 10.32% 4 3.17%
-----------------------------------------------------------------
25 - 49.9 18 14.29% 6 4.76%
-----------------------------------------------------------------
50 - 74.9 36 28.57% 3 2.38%
-----------------------------------------------------------------
75 - 100.0 16 12.70% 6 4.76%
-----------------------------------------------------------------
>100.0 24 19.05% 0 0.00%
-----------------------------------------------------------------
Total 107 84.93% 19 15.07%
====================================================================================================================
WisdomTree International Industrial Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 10 7.94% 8 6.35%
-----------------------------------------------------------------
25 - 49.9 23 18.25% 6 4.76%
-----------------------------------------------------------------
50 - 74.9 34 26.98% 2 1.59%
-----------------------------------------------------------------
75 - 100.0 14 11.11% 5 3.97%
-----------------------------------------------------------------
>100.0 17 13.49% 7 5.56%
-----------------------------------------------------------------
Total 98 77.77% 28 22.23%
====================================================================================================================
WisdomTree International Technology Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 12 9.52% 8 6.35%
-----------------------------------------------------------------
25 - 49.9 22 17.46% 2 1.59%
-----------------------------------------------------------------
50 - 74.9 17 13.49% 5 3.97%
-----------------------------------------------------------------
75 - 100.0 22 17.46% 5 3.97%
-----------------------------------------------------------------
>100.0 27 21.43% 6 4.76%
-----------------------------------------------------------------
Total 100 79.36% 26 20.64%
====================================================================================================================
WisdomTree International Utilities Sector Fund
April 1, 2007 - September 30, 2007 0 - 24.9 7 5.56% 10 7.94%
-----------------------------------------------------------------
25 - 49.9 19 15.07% 3 2.38%
-----------------------------------------------------------------
50 - 74.9 22 17.46% 7 5.56%
-----------------------------------------------------------------
75 - 100.0 24 19.05% 3 2.38%
-----------------------------------------------------------------
>100.0 22 17.46% 9 7.14%
-----------------------------------------------------------------
Total 94 74.60% 32 25.40%
====================================================================================================================
60 WisdomTree International Dividend Sector Funds
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A description of the policies and procedures that the Trust uses to determine
how to vote proxies related to each Fund's portfolio securities, and information
on how the Trust voted proxies during the period ended June 30, 2007, is
available without charge, upon request, (i) by calling 1-866-909-WISE; (ii) on
the Trust's website at www.wisdomtree.com; and (iii) on the Securities and
Exchange Commission's ("SEC") website at www.sec.gov.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings
with the SEC for their first and third fiscal quarters on Form N-Q. Copies of
the filings are available without charge, upon request on the SEC's website at
www.sec.gov and are available by calling the Trust at 1-866-909-WISE. You can
also obtain copies of Form N-Q by (i) visiting the SEC's Public Reference Room
in Washington, DC (information on the operation of the Public Reference Room may
be obtained by calling 1-800-SEC-0330); (ii) sending your request and a
duplicating fee to the SEC's Public Reference Room, Washington, DC 20549-0102;
or (iii) sending your request electronically to publicinfosec.gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com.
The Fund's Statement of Additional Information ("SAI") has additional
information about the Funds' Trustees and Officers and is available without
charge upon request. Contact your financial representative for a free prospectus
or SAI.
WisdomTree International Dividend Sector Funds 61
The WisdomTree Trust
Investment Adviser
WisdomTree Asset Management, Inc.
48 Wall Street, Suite 1100
New York, NY 10005
Investment Sub-Adviser
BNY Investment Advisors
1633 Broadway
New York, NY 10019
Administrator, Custodian & Transfer Agent
The Bank of New York
101 Barclay Street
New York, NY 10286
Distributor
ALPS Distributors, Inc.
1290 Broadway
Suite 1100
Denver, CO 80203
Independent Registered Public Accounting Firm
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Ropes & Gray LLP
1211 Avenue of the Americas
New York, NY 10036
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols as of September 30, 2007:
WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree High-Yielding Equity Fund (DHS)
WisdomTree Large Cap Dividend Fund (DLN)
WisdomTree Dividend Top 100 Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree International Dividend Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA High-Yielding Equity Fund (DTH)
WisdomTree Europe Total Dividend Fund (DEB)
WisdomTree Europe High-Yielding Equity Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Total Dividend Fund (DXJ)
WisdomTree Japan High-Yielding Equity Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Pacific ex-Japan Total Dividend Fund (DND)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund (DNH)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend Top 100 Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree International Real Estate Fund (DRW)
WisdomTree Emerging Markets High-Yielding Equity Fund (DEM)
WisdomTree International Dividend Sector Funds
WisdomTree International Basic Material Sector Fund (DBN)
WisdomTree International Communications Sector Fund (DGG)
WisdomTree International Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Energy Sector Fund (DKA)
WisdomTree International Financial Sector Fund (DRF)
WisdomTree International Health Care Sector Fund (DBR)
WisdomTree International Industrial Sector Fund (DDI)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
WisdomTree Domestic Earnings Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree Earnings Top 100 Fund (EEZ)
WisdomTree Low P/E Fund (EZY)
The WisdomTree Funds are exchange traded funds ("ETFs") registered with the
United States Securities and Exchange Commission ("SEC") as series of WisdomTree
Trust ("Trust"). WisdomTree Asset Management, Inc., a wholly owned subsidiary of
WisdomTree Investments, Inc., serves as the investment adviser to the WisdomTree
Trust. None of the WisdomTree entities are affiliated with ALPS Distributors,
Inc., the Funds' distributor. WisdomTree Investments, its affiliates and their
independent providers are not liable for any informational errors,
incompleteness, or delays, or for any actions taken in reliance on information
contained herein.
Investors should consider the investment objectives, risks, charges and expenses
of the funds carefully before investing. A prospectus, containing this and other
information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE
(9473). Investors should read the prospectus carefully before investing. There
are risks associated with investing, including possible loss of principal. Past
performance dose not guarantee future results. Indexes are unmanaged and you can
not invest directly in an index.
In addition to the normal risks associated with investing, foreign investing
involves special risks, such as risk of loss from currency fluctuation or
political or economic uncertainty. Fund focusing on a single country, sector,
and/or funds that emphasize investments in smaller companies may experience
greater price volatility. Investments in real estate involve additional special
risks, such as credit risk, interest rate fluctuations and the effect of varied
economic conditions. 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.
[LOGO]
WISDOMTREE
Fundamental ETFs
48 Wall Street, Suite 1100
New York, NY 10005
1.866.909.WISE (9473)
www.wisdomtree.com
WisdomTree International Dividend Sector ETFs
WisdomTree International Basic Materials Sector Fund
WisdomTree International Communications Sector Fund
WisdomTree International Consumer Cyclical Sector Fund
WisdomTree International Consumer Non-Cyclical Sector Fund
WisdomTree International Energy Sector Fund
WisdomTree International Financial Sector Fund
WisdomTree International Health Care Sector Fund
WisdomTree International Industrial Sector Fund
WisdomTree International Technology Sector Fund
WisdomTree International Utilities Sector Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS000887 (11/2008)
Item 2. Code of Ethics.
Not applicable for a semi-annual reporting period.
Item 3. Audit Committee Financial Expert.
Not applicable for a semi-annual reporting period.
Item 4. Principal Accountant Fees and Services.
Not applicable for a semi-annual reporting period.
Item 5. Audit Committee of Listed Registrants.
Not applicable for a semi-annual reporting period.
Item 6. Schedule of Investments.
The schedule is included as part of the report to shareholders filed under Item
1 of this form.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment
Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) Based on their evaluation of the Registrant's disclosure controls and
procedures (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) as of a date within 90 days prior to the filing date of this report, the
President and Treasurer of the Registrant have concluded that such disclosure
controls and procedures are reasonably designed and effective to ensure that
material information relating to the Registrant, is made known to them by others
within those entities.
(b) There were no changes in the Registrant's internal control over financial
reporting (as defined in Rule 30 a-3(d) under the Investment Company Act of
1940) that occurred during the Registrant's second fiscal quarter that have
materially affected, or are reasonably likely to materially affect, the
Registrant's internal control over financial reporting.
Item 12. Exhibits.
(a)(1) Not applicable.
(a)(2) Certification of each principal executive officer and principal financial
officer of the Registrant as required by Rule 30a-2 under the Act (17 CFR
270.30a-2) is attached hereto as a part of EX-99.CERT.
(a)(3) Not applicable.
(b) Certification of each principal executive officer and principal financial
officer of the Registrant as required by Section 906 of the Sarbanes-Oxley Act
of 2002 is attached hereto as a part of EX-99.906CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) WisdomTree Trust
By: /s/ Jonathan L. Steinberg
-----------------------------------
Name: Jonathan L. Steinberg
Title: President
Date: November 29, 2007
By: /s/ Bruce Lavine
-----------------------------------
Name: Bruce Lavine
Title: Treasurer
Date: November 29, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and
the Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By: /s/ Jonathan L. Steinberg
-----------------------------------
Name: Jonathan L. Steinberg
Title: President
Date: November 29, 2007
By: /s/ Bruce Lavine
-----------------------------------
Name: Bruce Lavine
Title: Treasurer
Date: November 29, 2007