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
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WisdomTree Trust
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(Exact name of registrant as specified in charter)
48 Wall Street, Suite 1100
New York, NY 10005
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(Address of principal executive offices) (Zip code)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
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(Name and address of agent for service)
Registrant's telephone number, including area code: (866) 909-9473
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Date of fiscal year end: March 31
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Date of reporting period: September 30, 2006
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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(SM)
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WisdomTree Trust
Domestic Equity Funds
Semi-Annual Report
For the period June 16, 2006 (commencement of investment operations) through
September 30, 2006
WisdomTree Total Dividend Fund
WisdomTree High-Yielding Equity Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend Top 100SM Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
[LOGO] WISDOMTREE(SM)
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WisdomTree Trust
Domestic Equity Funds
Contents
Letter to Shareholders.............................................. 1
Management's Discussion of Funds' Performance....................... 2
Performance Summaries............................................... 4
Shareholder Expense Examples........................................10
Schedules of Investments
WisdomTree Total Dividend Fund...................................11
WisdomTree High-Yielding Equity Fund.............................20
WisdomTree LargeCap Dividend Fund................................25
WisdomTree Dividend Top 100 Fund.................................29
WisdomTree MidCap Dividend Fund..................................31
WisdomTree SmallCap Dividend Fund................................37
Statements of Assets and Liabilities................................46
Statements of Operations............................................47
Statements of Changes in Net Assets.................................48
Financial Highlights................................................49
Notes to the Financial Statements...................................52
Frequency Distribution of Discounts & Premiums......................56
Board Review and Approval of Investment Advisory Contracts..........58
Family of Funds.....................................................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 Shareholder:
Thank you for your confidence in our products and the support you have shown. I
am excited to provide you with this update on the first six domestic exchange
traded funds (ETFs) launched under the WisdomTree Trust.
On June 16, 2006, the WisdomTree Trust listed 20 fundamentally weighted ETFs on
the New York Stock Exchange (NYSE). According to the NYSE, this event
represented the largest one-day listing by a single issuer in the history of the
NYSE. The day also marked an important turning point in the ETF industry. For
the first time, a global family of dividend-weighted ETFs offered investors a
fundamental alternative to market cap-weighted index funds in every major
capitalization segment and across major geographic regions of the developed
world.
Both domestic and international equity markets have seen sustained rallies since
the WisdomTree ETFs were launched. From June 16, 2006 to September 30, 2006, the
Russell 3000 Index, a broad measure of the U.S. stock market, advanced 6.62% on
a total return basis. Internationally, the MSCI EAFE Index, which measures the
performance of stocks in 21 industrialized equity markets outside the United
States and Canada, increased by 9.20% on a total return basis over the same
period.(1)
With the launch of 10 pure international sector ETFs on October 13, 2006, the
WisdomTree Trust now has 30 ETFs in the market. Within five months, this
dividend-based family has attracted more than $1 billion in assets under
management - one indication of how quickly these new tools are being adopted by
investment advisors, wirehouses and self-directed investors.
On behalf of my colleagues at WisdomTree Asset Management and the Board of
Trustees of the WisdomTree Trust, I thank you for your investment in the
WisdomTree family of fundamentally weighted ETFs. We look forward to serving you
in the future.
Best Regards,
/s/ Jonathan Steinberg
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
(1) Performance information for the Russell 3000 Index assumes the
reinvestment of gross dividends and excludes management fees, transaction
costs and expenses. Performance information for the MSCI EAFE Index
assumes the reinvestment of net dividends and excludes management fees,
transaction costs and expenses. You cannot invest directly in an index.
WisdomTree Trust Domestic Equity Funds 1
Management's Discussion of Funds' Performance
The six domestic ETFs introduced by the WisdomTree Trust give investors
alternatives to market capitalization-weighted index funds in all major market
capitalization segments of the U.S. equity market. All of the WisdomTree
domestic ETFs discussed in this report track specific indexes that are derived
from the WisdomTree Dividend Index, which measures the performance of
dividend-paying companies in the United States. Unlike ETFs that track
traditional market capitalization-weighted indexes, the WisdomTree domestic ETFs
are designed to track indexes that are weighted based on the dividends that
companies pay. For ease of comparison, this report provides index performance
data on each ETF's underlying WisdomTree Index and a comparable benchmark index.
Each of the six WisdomTree domestic ETFs had higher cumulative returns than
their comparable capitalization-weighted index for the period from their
inception on June 16, 2006 to the close of the period on September 30, 2006. The
broadest WisdomTree domestic ETF, the WisdomTree Total Dividend Fund ("DTD"),
had a cumulative total return of 8.43% from its inception on June 16, 2006 to
September 30, 2006. DTD outperformed the Russell 3000 Index by 1.81% over that
period. The WisdomTree High-Yielding Equity Fund ("DHS"), which is comprised of
higher dividend-yielding stocks selected from the WisdomTree Dividend Index,
returned 10.02% for the period, outperforming the Russell 1000 Value Index by
1.42% since the Fund's inception.
The best performing size segment of the WisdomTree Dividend Index for this
period was the large-cap portion. The WisdomTree LargeCap Dividend Fund ("DLN")
returned 8.92% for the period, surpassing the return of the S&P 500 Index by
1.62%. The WisdomTree MidCap Dividend Fund ("DON") returned 6.45%, surpassing
the return of the S&P Mid Cap 400 Index by 4.21% for the period. The WisdomTree
SmallCap Dividend Fund ("DES") returned 7.17%, exceeding the return of the
Russell 2000 Index by 2.07%. The WisdomTree Dividend Top 100 Fund ("DTN")
outperformed the Russell 1000 Value Index by 0.52% for the period, returning
9.12%. Both DTN and DHS, which select stocks based on higher dividend yields,
also outperformed a comparable equity income index, the Dow Jones U.S. Select
Dividend Index. DTN and DHS returned 9.12% and 10.02%, respectively, while the
Dow Jones U.S. Select Dividend Index, returned 6.93%.
Fund performance assumes reinvestment of dividends and capital gain
distributions. An index is a statistical measure of a specified financial market
or sector. An index does not actually hold a portfolio of securities, incur
expenses or pay any transaction costs. Therefore index returns do not reflect
deductions for fees or expenses. In comparison, the Funds' performance is
negatively impacted by these
2 WisdomTree Trust Domestic Equity Funds
Management's Discussion of Funds' Performance
(concluded)
deductions. Fund returns do not reflect brokerage commissions or taxes on
transactions in Fund shares that a shareholder would pay on Fund distributions.
Past performance is no guarantee of future results. For the most recent month
end performance information visit www.wisdomtree.com.
The Dow Jones U.S. Select Dividend Index is an index of 100 stocks selected from
the Dow Jones Total Market Index based on high dividend yields and other
dividend criteria; the Russell 3000 Index measures the performance of the 3000
largest stocks in the U.S. market by market value; the Russell 2000 Index
measures the performance of the smallest 2000 companies in the Russell 3000
Index; the Russell 1000 Value Index measures the performance of Russell 1000
companies with lower price to book ratios and lower forecasted growth values;
the S&P 500 Index is the Standards & Poor's composite index of 500 stocks; the
S&P MidCap 400 Index is an unmanaged group of 400 domestic stocks chosen for
market size, liquidity and industry group representation.
WisdomTree Trust Domestic Equity Funds 3
Performance Summary
WisdomTree Total Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 33.2%
Consumer Non-Cyclical 20.9%
Industrial 9.6%
Communications 7.7%
Energy 7.3%
Utilities 6.7%
Consumer Cyclical 5.6%
Technology 4.2%
Basic Materials 4.0%
Diversified 0.0%#
Short-Term Investment 0.6%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
# Amount represents less than 0.05%.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree Russell 3000
Value Price Dividend Index Index
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Since Inception(1) 8.43% 8.23% 8.28% 6.62%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Bank of America Corp. 37,164 $1,990,876 4.1%
--------------------------------------------------------------------------------
General Electric Co. 54,539 1,925,226 3.9%
--------------------------------------------------------------------------------
Citigroup, Inc. 37,712 1,873,156 3.8%
--------------------------------------------------------------------------------
Exxon Mobil Corp. 23,375 1,568,464 3.2%
--------------------------------------------------------------------------------
Pfizer, Inc. 51,592 1,463,150 3.0%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,841 WisdomTree $10,662 Russell
Total Dividend Fund 3000 Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,940 9,954
6/30/06 10,176 10,189
7/7/06 10,207 10,132
7/14/06 10,004 9,865
7/21/06 10,110 9,869
7/28/06 10,431 10,189
8/4/06 10,472 10,210
8/11/06 10,339 10,081
8/18/06 10,578 10,382
8/25/06 10,535 10,315
9/1/06 10,666 10,479
9/8/06 10,590 10,373
9/15/06 10,726 10,559
9/22/06 10,712 10,502
9/30/06 10,841 10,662
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 Trust Domestic Equity Funds
Performance Summary
WisdomTree High-Yielding Equity Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 43.0%
Consumer Non-Cyclical 21.0%
Utilities 10.4%
Communications 9.2%
Industrial 6.8%
Basic Materials 4.2%
Energy 3.3%
Consumer Cyclical 1.2%
Technology 0.2%
Short-Term Investment 0.5%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
Net Asset Market High-Yielding Russell 1000
Value Price Equity Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 10.02% 10.08% 10.07% 8.60%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Bank of America Corp. 73,139 $3,918,057 6.8%
--------------------------------------------------------------------------------
General Electric Co. 107,371 3,790,197 6.6%
--------------------------------------------------------------------------------
Citigroup, Inc. 74,208 3,685,912 6.4%
--------------------------------------------------------------------------------
Pfizer, Inc. 101,549 2,879,929 5.0%
--------------------------------------------------------------------------------
Altria Group, Inc. 33,779 2,585,782 4.5%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,001 WisdomTree $10,860 Russell
High-Yielding Equity Fund 1000 Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,918 9,956
6/30/06 10,158 10,224
7/7/06 10,252 10,262
7/14/06 10,071 10,073
7/21/06 10,258 10,138
7/28/06 10,605 10,484
8/4/06 10,646 10,525
8/11/06 10,488 10,421
8/18/06 10,725 10,629
8/25/06 10,703 10,608
9/1/06 10,827 10,700
9/8/06 10,777 10,604
9/15/06 10,911 10,707
9/22/06 10,927 10,704
9/30/06 11,001 10,860
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 Trust Domestic Equity Funds 5
Performance Summary
WisdomTree LargeCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 30.0%
Consumer Non-Cyclical 23.3%
Industrial 10.1%
Communications 8.6%
Energy 8.4%
Utilities 5.7%
Technology 4.9%
Consumer Cyclical 4.8%
Basic Materials 3.7%
Short-Term Investment 0.1%
Other 0.4%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree LargeCap S&P 500
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 8.92% 8.74% 8.71% 7.30%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Bank of America Corp. 94,551 $5,065,096 4.9%
--------------------------------------------------------------------------------
General Electric Co. 138,794 4,899,429 4.7%
--------------------------------------------------------------------------------
Citigroup, Inc. 95,927 4,764,693 4.6%
--------------------------------------------------------------------------------
Exxon Mobil Corp. 59,477 3,990,908 3.8%
--------------------------------------------------------------------------------
Pfizer, Inc. 131,271 3,722,846 3.6%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,892 WisdomTree $10,729 S&P
LargeCap Dividend Fund 500 Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,939 9,946
6/30/06 10,164 10,154
7/7/06 10,210 10,121
7/14/06 10,015 9,889
7/21/06 10,139 9,923
7/28/06 10,472 10,232
8/4/06 10,502 10,243
8/11/06 10,390 10,149
8/18/06 10,621 10,439
8/25/06 10,598 10,383
9/1/06 10,712 10,518
9/8/06 10,636 10,423
9/15/06 10,753 10,596
9/22/06 10,754 10,558
9/30/06 10,892 10,729
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 Trust Domestic Equity Funds
Performance Summary
WisdomTree Dividend Top 100 Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 36.6%
Utilities 21.5%
Consumer Non-Cyclical 16.4%
Basic Materials 8.6%
Communications 7.0%
Consumer Cyclical 3.5%
Industrial 2.7%
Energy 2.1%
Technology 0.8%
Short-Term Investment 0.6%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Dow Jones
Net Asset Market WisdomTree Dividend U.S. Select
Value Price Top 100 Index Dividend Index
--------------------------------------------------------------------------------
Since Inception(1) 9.12% 9.15% 8.42% 6.93%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
--------------------------------------------------------------------------------
Southern Copper Corp. 12,431 $1,149,868 3.8%
--------------------------------------------------------------------------------
General Motors Corp. 18,010 599,012 2.0%
--------------------------------------------------------------------------------
Lincoln National Corp. 8,853 549,593 1.8%
--------------------------------------------------------------------------------
AT&T, Inc. 14,674 477,785 1.6%
--------------------------------------------------------------------------------
Progress Energy, Inc. 10,069 456,930 1.5%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,912 WisdomTree $10,693 Dow Jones
Dividend Top 100 Fund U.S. Select Dividend Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,904 9,898
6/30/06 10,182 10,112
7/7/06 10,221 10,131
7/14/06 10,076 10,007
7/21/06 10,229 10,182
7/28/06 10,556 10,467
8/4/06 10,564 10,506
8/11/06 10,410 10,375
8/18/06 10,606 10,558
8/25/06 10,587 10,469
9/1/06 10,735 10,597
9/8/06 10,724 10,519
9/15/06 10,806 10,643
9/22/06 10,786 10,707
9/30/06 10,912 10,693
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 Trust Domestic Equity Funds 7
Performance Summary
WisdomTree MidCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 46.2%
Utilities 13.0%
Consumer Non-Cyclical 10.1%
Consumer Cyclical 9.0%
Industrial 8.2%
Basic Materials 6.7%
Communications 2.4%
Energy 2.2%
Technology 1.0%
Diversified 0.1%
Short-Term Investment 0.8%
Other 0.3%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree MidCap S&P 400
Value Price Dividend Index MidCap Index
--------------------------------------------------------------------------------
Since Inception(1) 6.45% 4.13% 6.67% 2.24%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
UST, Inc. 5,162 $283,032 1.5%
--------------------------------------------------------------------------------
American Capital Strategies Ltd. 6,739 265,988 1.4%
--------------------------------------------------------------------------------
iStar Financial, Inc. 5,289 220,551 1.2%
--------------------------------------------------------------------------------
DTE Energy Co. 5,310 220,419 1.2%
--------------------------------------------------------------------------------
CapitalSource, Inc. 7,879 203,436 1.1%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,645 WisdomTree $10,224 S&P 400
MidCap Dividend Fund MidCap Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,932 10,013
6/30/06 10,206 10,336
7/7/06 10,188 10,183
7/14/06 9,974 9,837
7/21/06 9,992 9,638
7/28/06 10,259 10,021
8/4/06 10,363 10,051
8/11/06 10,147 9,812
8/18/06 10,411 10,160
8/25/06 10,299 9,958
9/1/06 10,493 10,205
9/8/06 10,418 10,016
9/15/06 10,616 10,186
9/22/06 10,548 10,065
9/30/06 10,645 10,224
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 Trust Domestic Equity Funds
Performance Summary
WisdomTree SmallCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 57.8%
Consumer Non-Cyclical 7.9%
Utilities 7.6%
Consumer Cyclical 7.6%
Industrial 6.0%
Communications 5.8%
Basic Materials 4.4%
Energy 0.8%
Technology 0.7%
Diversified 0.0%#
Short-Term Investment 0.8%
Other 0.6%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
# Amount represents less than 0.05%.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree SmallCap Russell 2000
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 7.17% 7.19% 7.42% 5.10%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
--------------------------------------------------------------------------------
American Home Mortgage
Investment Corp. 12,571 $438,350 1.5%
--------------------------------------------------------------------------------
Apollo Investment Corp. 17,290 354,618 1.2%
--------------------------------------------------------------------------------
NovaStar Financial, Inc. 11,842 345,668 1.2%
--------------------------------------------------------------------------------
Saxon Capital, Inc. 20,862 292,902 1.0%
--------------------------------------------------------------------------------
American Financial Realty Trust 26,082 291,075 1.0%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,716 WisdomTree $10,509 Russell
SmallCap Dividend Fund 2000 Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,938 9,958
6/30/06 10,325 10,463
7/7/06 10,228 10,243
7/14/06 9,996 9,839
7/21/06 10,027 9,706
7/28/06 10,351 10,115
8/4/06 10,377 10,134
8/11/06 10,118 9,816
8/18/06 10,433 10,290
8/25/06 10,285 10,111
9/1/06 10,528 10,438
9/8/06 10,427 10,251
9/15/06 10,745 10,555
9/22/06 10,646 10,402
9/30/06 10,716 10,509
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 Trust Domestic Equity Funds 9
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1)
transaction costs, such as brokerage commissions on purchases and sales of your
Fund shares and (2) ongoing Fund 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 June 16, 2006* to September 30, 2006.
Actual expenses
The first line under each Fund in the table below 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 06/16/06* to 09/30/06" 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 below 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.
====================================================================================================================================
Expenses Paid
Beginning Ending During the Period+
Account Value Account Value 06/16/06* to
06/16/06* 09/30/06 09/30/06
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Total Dividend Fund Actual $1,000.00 $1,084.26 $0.86
Hypothetical (5% return before expenses) $1,000.00 $1,013.84 $0.83
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree High-Yielding Equity Fund Actual $1,000.00 $1,100.18 $1.17
Hypothetical (5% return before expenses) $1,000.00 $1,013.54 $1.12
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree LargeCap Dividend Fund Actual $1,000.00 $1,089.19 $0.86
Hypothetical (5% return before expenses) $1,000.00 $1,013.84 $0.83
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Dividend Top 100 Fund Actual $1,000.00 $1,091.18 $1.16
Hypothetical (5% return before expenses) $1,000.00 $1,013.54 $1.12
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree MidCap Dividend Fund Actual $1,000.00 $1,064.53 $1.15
Hypothetical (5% return before expenses) $1,000.00 $1,013.54 $1.12
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree SmallCap Dividend Fund Actual $1,000.00 $1,071.66 $1.15
Hypothetical (5% return before expenses) $1,000.00 $1,013.54 $1.12
------------------------------------------------------------------------------------------------------------------------------------
* Commencement of investment operations.
+ Expenses are calculated using each Fund's annualized expense ratio, multiplied
by the average account value for the period, multiplied by 107/365 (to reflect
the fiscal period).
10 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--99.3%
Consumer Discretionary--6.1%
Abercrombie & Fitch Co. Class A 198 $ 13,757
Advance Auto Parts, Inc. 306 10,080
American Eagle Outfitters, Inc. 360 15,779
Barnes & Noble, Inc. 306 11,610
Beazer Homes USA, Inc. 252 9,838
Belo Corp. Class A 666 10,529
Best Buy Co., Inc. 504 26,994
Black & Decker Corp. (The) 234 18,568
BorgWarner Inc. 180 10,291
Boyd Gaming Corp. 270 10,379
Brinker International, Inc. 306 12,268
Brunswick Corp. 324 10,106
CBS Corp. Class A 432 12,191
CBS Corp. Class B 3,410 96,060
Centex Corp. 252 13,260
Choice Hotels International, Inc. 216 8,834
Circuit City Stores, Inc. 396 9,944
Citadel Broadcasting Corp. 1,314 12,352
Claire's Stores, Inc. 432 12,597
Clear Channel Communications, Inc. 2,420 69,817
D.R. Horton, Inc. 666 15,951
Darden Restaurants, Inc. 324 13,760
Dillard's Inc. Class A 396 12,961
Dollar General Corp. 756 10,304
Dow Jones & Co., Inc. 342 11,471
E.W. Scripps Co. (The) Class A 378 18,118
Eastman Kodak Co. 900 20,160
Family Dollar Stores, Inc. 468 13,684
Federated Department Stores, Inc. 1,386 59,889
Foot Locker, Inc. 468 11,817
Fortune Brands, Inc. 468 35,151
Gannett Co., Inc. 828 47,055
Gap, Inc. (The) 2,636 49,952
General Motors Corp. 4,796 159,515
Gentex Corp. 792 11,254
Genuine Parts Co. 954 41,146
H&R Block, Inc. 1,368 29,740
Harley-Davidson, Inc. 666 41,792
Harrah's Entertainment, Inc. 612 40,655
Harte-Hanks, Inc. 432 11,383
Hasbro, Inc. 720 16,380
Hilton Hotels Corp. 432 12,031
Home Depot, Inc. (The) 5,434 197,090
International Game Technology 846 35,109
International Speedway Corp. Class A 234 11,663
J.C. Penney Co., Inc. 486 33,238
John Wiley & Sons, Inc. Class A 324 11,667
Johnson Controls, Inc. 504 36,157
Jones Apparel Group, Inc. 342 11,094
KB Home 252 11,038
Leggett & Platt, Inc. 864 21,626
Lennar Corp. Class A 401 18,145
Limited Brands, Inc. 1,746 46,252
Liz Claiborne, Inc. 306 12,090
Lowe's Cos., Inc. 1,044 29,295
Marriott International Inc. Class A 432 16,692
Mattel, Inc. 1,926 37,942
McClatchy Co. Class A 397 16,749
McDonald's Corp. 4,418 172,832
McGraw-Hill Cos., Inc. (The) 828 48,049
MDC Holdings, Inc. 216 10,033
Men's Wearhouse, Inc. (The) 342 12,726
Meredith Corp. 234 11,543
Michaels Stores, Inc. 288 12,540
New York Times Co. (The) Class A (a) 666 15,305
Newell Rubbermaid, Inc. 1,656 46,898
News Corp. Class A 2,852 56,042
News Corp. Class B 1,062 21,920
NIKE, Inc. Class B 504 44,160
Nordstrom, Inc. 504 21,319
OfficeMax, Inc. 270 11,000
Omnicom Group, Inc. 378 35,381
OSI Restaurant Partners, Inc. 306 9,703
PetSmart, Inc. 414 11,489
Polaris Industries, Inc. 252 10,370
Polo Ralph Lauren Corp. 198 12,809
Pool Corp. 270 10,395
Pulte Homes, Inc. 414 13,190
RadioShack Corp. 756 14,591
Regal Entertainment Group Class A 738 14,627
Ross Stores, Inc. 414 10,520
Ryland Group, Inc. (The) 270 11,667
Service Corp. International 1,404 13,113
ServiceMaster Co. (The) 1,764 19,774
Sherwin-Williams Co. (The) 486 27,109
Snap-On, Inc. 288 12,830
Standard-Pacific Corp. 450 10,575
Stanley Works (The) 342 17,049
Staples, Inc. 1,134 27,590
Station Casinos, Inc. 162 9,368
Target Corp. 1,224 67,626
Thor Industries, Inc. 252 10,375
Tiffany & Co. 546 18,127
Time Warner, Inc. 9,536 173,841
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 11
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
TJX Cos., Inc. (The) 792 $ 22,200
Tribune Co. 1,440 47,117
United Auto Group, Inc. 540 12,636
VF Corp. 396 28,888
Walt Disney Co. (The) 3,374 104,290
Warner Music Group Corp. 630 16,349
Weight Watchers International, Inc. 270 11,972
Wendy's International, Inc. 216 14,472
Whirlpool Corp. 252 21,196
Yum! Brands, Inc. 468 24,359
------------
Total Consumer Discretionary 2,975,235
--------------------------------------------------------------------------------
Consumer Staples--11.6%
Alberto-Culver Co. 234 11,838
Altria Group, Inc. 17,141 1,312,143
Anheuser-Busch Cos., Inc. 3,536 167,995
Archer-Daniels-Midland Co. 1,404 53,184
Avon Products, Inc. 1,818 55,740
Brown-Forman Corp. Class A 144 11,141
Brown-Forman Corp. Class B 162 12,417
Campbell Soup Co. 1,638 59,787
Church & Dwight Co., Inc. 306 11,968
Clorox Co. (The) 522 32,886
Coca-Cola Co. (The) 12,712 567,972
Coca-Cola Enterprises, Inc. 1,008 20,997
Colgate-Palmolive Co. 2,096 130,162
ConAgra Foods, Inc. 3,158 77,308
Corn Products International, Inc. 450 14,643
Costco Wholesale Corp. 720 35,770
CVS Corp. 756 24,283
Del Monte Foods Co. 972 10,157
Estee Lauder Cos., Inc. (The) Class A 457 18,431
Flowers Foods, Inc. 378 10,161
General Mills, Inc. 1,728 97,805
H.J. Heinz Co. Ltd. 1,908 80,002
Hershey Co. (The) 594 31,749
Hormel Foods Corp. 414 14,896
J.M. Smucker Co. (The) 288 13,810
Kellogg Co. 1,836 90,919
Kimberly-Clark Corp. 2,816 184,054
Kraft Foods, Inc. Class A 2,672 95,284
Kroger Co. (The) 1,674 38,736
Loews Corp. 540 29,911
Longs Drug Stores Corp. 252 11,595
McCormick & Co., Inc. 450 17,091
Molson Coors Brewing Co. Class B 216 14,882
Pepsi Bottling Group, Inc. 612 21,726
PepsiAmericas, Inc. 522 11,139
PepsiCo, Inc. 5,398 352,273
Pilgrim's Pride Corp. 432 11,815
Procter & Gamble Co. 12,901 799,603
Reynolds American, Inc. 2,528 156,660
Safeway, Inc. 648 19,667
Sara Lee Corp. 6,064 97,448
Seaboard Corp. 18 21,690
Supervalu, Inc. 864 25,618
Sysco Corp. 2,366 79,143
Tyson Foods, Inc. Class A 1,162 18,453
UST, Inc. 1,602 87,838
Vector Group Ltd. 793 12,862
Walgreen Co. 1,116 49,539
Wal-Mart Stores, Inc. 10,792 532,261
Whole Foods Market, Inc. 216 12,837
Wm. Wrigley Jr. Co. 846 38,967
------------
Total Consumer Staples 5,709,256
--------------------------------------------------------------------------------
Energy--7.2%
Anadarko Petroleum Corp. 594 26,035
Apache Corp. 360 22,752
Arch Coal, Inc. 270 7,806
Baker Hughes, Inc. 468 31,918
BJ Services Co. 342 10,304
Chesapeake Energy Corp. 432 12,519
Chevron Corp. 12,613 818,079
ConocoPhillips 6,208 369,562
Consol Energy, Inc. 288 9,138
Devon Energy Corp. 576 36,374
Diamond Offshore Drilling, Inc. 144 10,421
El Paso Corp. 1,584 21,606
ENSCO International, Inc. 252 11,045
EOG Resources, Inc. 288 18,734
Exxon Mobil Corp. 23,375 1,568,464
Halliburton Co. 1,512 43,016
Hess Corp. 414 17,148
Kinder Morgan, Inc. 900 94,365
Marathon Oil Corp. 1,152 88,589
Murphy Oil Corp. 306 14,550
Noble Energy, Inc. 270 12,309
Occidental Petroleum Corp. 2,420 116,426
Patterson-UTI Energy, Inc. 414 9,837
Peabody Energy Corp. 402 14,786
Pioneer Natural Resources Co. 288 11,267
Smith International, Inc. 306 11,873
Sunoco, Inc. 306 19,030
Tesoro Corp. 180 10,436
Valero Energy Corp. 450 23,162
Williams Cos., Inc. (The) 1,512 36,091
XTO Energy, Inc. 468 19,717
------------
Total Energy 3,517,359
--------------------------------------------------------------------------------
See Notes to Financial Statements.
12 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Financials--33.4%
21st Century Insurance Group 774 $ 11,571
Advance America Cash Advance Centers, Inc. 756 10,902
Advanta Corp. Class B 306 11,291
Aflac, Inc. 1,044 47,773
AG Edwards, Inc. 342 18,222
Alabama National Bancorp. 162 11,057
Alexandria Real Estate Equities, Inc. 126 11,819
Alfa Corp. 702 12,124
Allstate Corp. (The) 3,140 196,972
AMB Property Corp. 522 28,767
AMBAC Financial Group, Inc. 225 18,619
American Capital Strategies Ltd. (a) 2,096 82,729
American Express Co. 2,042 114,515
American Financial Group, Inc. 270 12,671
American Financial Realty Trust 2,168 24,195
American Home Mortgage Investment Corp. 1,044 36,404
American International Group, Inc. 4,256 282,004
American National Insurance Co. 126 14,603
Ameriprise Financial, Inc. 432 20,261
AmerUs Group Co. 198 13,466
AmSouth Bancorp. 2,402 69,754
Annaly Mortgage Management, Inc. 882 11,589
Anthracite Capital, Inc. 1,062 13,657
AON Corp. 828 28,044
Apartment Investment & Management Co. Class A 882 47,990
Apollo Investment Corp. 1,440 29,534
Archstone-Smith Trust 1,368 74,474
Arthur J. Gallagher & Co. 738 19,682
Associated Banc-Corp 774 25,155
Assurant, Inc. 234 12,498
Astoria Financial Corp. 576 17,752
AvalonBay Communities, Inc. 378 45,511
BancorpSouth, Inc. 450 12,492
Bank of America Corp. 37,164 1,990,876
Bank of Hawaii Corp. 252 12,136
Bank of New York Co., Inc. (The) 3,248 114,524
BankUnited Financial Corp. Class A 360 9,385
BB&T Corp. 3,824 167,415
Bear, Stearns & Co., Inc. 180 25,218
BioMed Realty Trust, Inc. 396 12,015
BlackRock, Inc. Class A 90 13,410
BOK Financial Corp. 234 12,308
Boston Private Financial Holdings, Inc. 378 10,539
Boston Properties, Inc. 594 61,384
Brandywine Realty Trust 864 28,123
BRE Properties, Inc. Class A 342 20,428
Brown & Brown, Inc. 597 18,244
Camden Property Trust 342 25,995
Capital One Financial Corp. 232 18,249
CapitalSource, Inc. 2,438 62,949
Capitol Federal Financial 828 29,444
Cathay General Bancorp 306 11,047
CBL & Associates Properties, Inc. 486 20,368
Central Pacific Financial Corp. 288 10,535
Charles Schwab Corp. (The) 1,350 24,165
Chicago Mercantile Exchange Holdings, Inc. 36 17,217
Chittenden Corp. 414 11,878
Chubb Corp. (The) 1,566 81,369
Cincinnati Financial Corp. 990 47,579
CIT Group, Inc. 540 26,260
Citigroup, Inc. 37,712 1,873,156
Citizens Banking Corp. 414 10,872
City National Corp. 180 12,071
Colonial BancGroup, Inc. (The) 756 18,522
Colonial Properties Trust 432 20,654
Comerica, Inc. 1,206 68,646
Commerce Bancorp, Inc. 432 15,859
Commerce Bancshares, Inc. 234 11,833
Commerce Group, Inc. 396 11,900
Compass Bancshares, Inc. 702 40,000
Corporate Office Properties Trust 270 12,085
Corus Bankshares, Inc. 414 9,257
Countrywide Financial Corp. 1,782 62,441
Cousins Properties, Inc. 396 13,547
Crescent Real Estate Equities Co. 1,314 28,658
Cullen/Frost Bankers, Inc. 216 12,489
CVB Financial Corp. 702 10,369
Delphi Financial Group, Inc. Class A 324 12,921
Developers Diversified Realty Corp. 846 47,173
DiamondRock Hospitality Co. 738 12,258
Downey Financial Corp. 162 10,779
Duke Realty Corp. 1,206 45,044
East West Bancorp, Inc. 288 11,408
EastGroup Properties, Inc. 252 12,565
Eaton Vance Corp. 432 12,468
Entertainment Properties Trust 306 15,092
Equity Lifestyle Properties, Inc. 252 11,519
Equity Office Properties Trust 2,636 104,807
Equity One, Inc. 666 15,964
Equity Residential 1,988 100,553
Erie Indemnity Co. Class A 288 15,083
Essex Property Trust, Inc. 126 15,296
Federal Realty Investment Trust 288 21,398
Federated Investors Inc. Class B 342 11,563
FelCor Lodging Trust, Inc. 540 10,827
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 13
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Fidelity National Financial, Inc. 882 $ 36,735
Fidelity National Title Group, Inc. Class A 540 11,318
Fieldstone Investment Corp. 1,440 12,571
Fifth Third Bancorp 3,878 147,674
First American Corp. 324 13,718
First Citizens BancShares, Inc. Class A 54 10,319
First Community Bancorp 198 11,078
First Horizon National Corp. 972 36,946
First Industrial Realty Trust, Inc. 522 22,968
First Marblehead Corp. (The) 252 17,454
First Midwest Bancorp, Inc. 306 11,594
First Niagara Financial Group, Inc. 792 11,547
First Republic Bank 252 10,725
FirstMerit Corp. 648 15,014
Flagstar Bancorp, Inc. 702 10,214
Forest City Enterprises, Inc. Class A 252 13,684
Forest City Enterprises, Inc. Class B 252 13,638
Franklin Resources, Inc. 234 24,746
Franklin Street Properties Corp. 630 12,512
Freddie Mac 3,842 254,840
Fremont General Corp. 558 7,806
Friedman, Billings, Ramsey Group, Inc.
Class A (a) 2,474 19,866
Frontier Financial Corp. 486 12,607
Fulton Financial Corp. 1,062 17,194
GAMCO Investors, Inc. Class A 306 11,646
General Growth Properties, Inc. 1,440 68,616
Genworth Financial, Inc. Class A 738 25,837
Glimcher Realty Trust 450 11,151
Global Signal, Inc. 522 26,403
Golden West Financial Corp. 252 19,467
Goldman Sachs Group, Inc. 390 65,976
Greater Bay Bancorp 378 10,663
Greenhill & Co., Inc. 198 13,270
Hancock Holding Co. 198 10,603
Hartford Financial Services Group, Inc. (The) 1,098 95,252
HCC Insurance Holdings, Inc. 378 12,429
Health Care Property Investors, Inc. 1,476 45,830
Health Care REIT, Inc. 684 27,367
Healthcare Realty Trust, Inc. 594 22,816
Heritage Property Investment Trust, Inc. 450 16,407
Highwoods Properties, Inc. 486 18,084
Hilb Rogal & Hobbs Co. 288 12,283
Home Properties, Inc. 288 16,462
Hospitality Properties Trust 864 40,781
Host Hotels & Resorts, Inc. 1,818 41,687
HRPT Properties Trust 2,708 32,361
Hudson City Bancorp, Inc. 2,384 31,588
Huntington Bancshares, Inc. 1,854 44,366
IMPAC Mortgage Holdings, Inc. (a) 1,422 13,324
IndyMac Bancorp, Inc. 504 20,745
Inland Real Estate Corp. 402 7,043
International Bancshares Corp. 378 11,219
International Securities Exchange, Inc. 306 14,348
Investors Financial Services Corp. 252 10,856
iStar Financial, Inc. 1,638 68,305
Janus Capital Group, Inc. 962 18,971
Jefferies Group, Inc. 414 11,799
Jones Lang LaSalle, Inc. 144 12,309
JPMorgan Chase & Co. 20,727 973,341
Kearny Financial Corp. 792 12,023
KeyCorp 2,744 102,735
Kilroy Realty Corp. 162 12,205
Kimco Realty Corp. 1,332 57,103
KKR Financial Corp. 1,044 25,620
LandAmerica Financial Group, Inc. 180 11,842
LaSalle Hotel Properties 270 11,702
Legg Mason, Inc. 126 12,708
Lehman Brothers Holdings, Inc. 630 46,532
Leucadia National Corp. 610 15,964
Lexington Corporate Properties Trust 666 14,106
Liberty Property Trust 828 39,570
Lincoln National Corp. 1,674 103,922
Loews Corp. 594 22,513
Longview Fibre Co. 571 11,603
M&T Bank Corp. 306 36,708
Macerich Co. (The) 468 35,736
Mack-Cali Realty Corp. 576 29,837
MAF Bancorp, Inc. 270 11,148
Maguire Properties, Inc. 360 14,666
Marsh & McLennan Cos., Inc. 2,294 64,576
Marshall & Ilsley Corp. 954 45,964
MB Financial, Inc. 306 11,282
MBIA, Inc. 486 29,860
MCG Capital Corp. 1,152 18,812
Mellon Financial Corp. 1,674 65,453
Mercantile Bankshares Corp. 594 21,544
Mercury General Corp. 342 16,967
Merrill Lynch & Co., Inc. 2,168 169,581
Metlife, Inc. 1,476 83,660
MGIC Investment Corp. 234 14,033
Mid-America Apartment Communities, Inc. 198 12,122
Mills Corp. (The) 900 15,039
Moody's Corp. 216 14,122
Morgan Stanley 3,284 239,436
Municipal Mortgage & Equity LLC 504 14,319
National City Corp. 4,706 172,240
See Notes to Financial Statements.
14 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
National Financial Partners Corp. 252 $ 10,340
National Retail Properties, Inc. 576 12,442
Nationwide Financial Services, Inc. Class A 252 12,121
Nationwide Health Properties, Inc. 864 23,103
New Century Financial Corp. (a) 1,548 60,852
New Plan Excel Realty Trust, Inc. 900 24,345
New York Community Bancorp, Inc. 2,780 45,536
NewAlliance Bancshares, Inc. 792 11,603
Newcastle Investment Corp. 828 22,695
North Fork Bancorp., Inc. 2,888 82,712
Northern Trust Corp. 684 39,966
Northwest Bancorp, Inc. 450 11,475
NovaStar Financial, Inc. (a) 972 28,373
Nuveen Investments, Inc. Class A 270 13,832
Odyssey Re Holdings Corp. 450 15,201
Ohio Casualty Corp. 378 9,779
Old National Bancorp 576 11,002
Old Republic International Corp. 1,062 23,523
optionsXpress Holdings, Inc. 396 11,040
Pacific Capital Bancorp 324 8,738
Pan Pacific Retail Properties, Inc. 270 18,743
Park National Corp. 108 10,810
Pennsylvania Real Estate Investment Trust 342 14,559
People's Bank 684 27,093
Phoenix Cos., Inc. (The) 810 11,340
Plum Creek Timber Co., Inc. 1,440 49,018
PMI Group, Inc. (The) 252 11,040
PNC Financial Services Group, Inc. (The) 1,584 114,745
Post Properties, Inc. 306 14,541
Potlatch Corp. 324 12,020
Principal Financial Group, Inc. 666 36,150
Progressive Corp. (The) 691 16,957
ProLogis 1,332 76,004
Prosperity Bancshares, Inc. 342 11,642
Protective Life Corp. 252 11,529
Provident Bankshares Corp. 306 11,337
Provident Financial Services, Inc. 612 11,328
Prudential Financial, Inc. 918 69,998
PS Business Parks, Inc. 198 11,939
Public Storage, Inc. 797 68,534
Radian Group, Inc. 291 17,460
RAIT Investment Trust 244 7,039
Raymond James Financial, Inc. 396 11,579
Rayonier, Inc. 558 21,092
Realty Income Corp. 918 22,684
Reckson Associates Realty Corp. 558 23,882
Redwood Trust, Inc. 288 14,507
Regency Centers Corp. 432 29,704
Regions Financial Corp. 3,284 120,818
Reinsurance Group of America, Inc. 234 12,152
RLI Corp. 234 11,885
Safeco Corp. 432 25,458
Saxon Capital, Inc. 1,728 24,261
SEI Investments Co. 252 14,160
Selective Insurance Group, Inc. 198 10,417
Senior Housing Properties Trust 900 19,206
Simon Property Group, Inc. 1,440 130,493
Sky Financial Group, Inc. 666 16,583
SL Green Realty Corp. 180 20,106
SLM Corp. 1,278 66,430
South Financial Group, Inc. (The) 414 10,776
Sovereign Bancorp, Inc. 1,044 22,456
Spirit Finance Corp. 1,008 11,703
St. Joe Co. (The) (a) 252 13,827
St. Paul Travelers Cos., Inc. (The) 2,744 128,666
Stancorp Financial Group, Inc. 234 10,443
State Auto Financial Corp. 324 9,898
State Street Corp. 756 47,174
Sterling Financial Corp./WA 378 12,259
Strategic Hotels & Resorts, Inc. 558 11,093
Student Loan Corp. 72 13,837
Sunstone Hotel Investors, Inc. 432 12,839
SunTrust Banks, Inc. 2,204 170,325
Susquehanna Bancshares, Inc. 486 11,878
Synovus Financial Corp. 1,620 47,579
T. Rowe Price Group, Inc. 684 32,729
Taubman Centers, Inc. 288 12,793
TCF Financial Corp. 846 22,241
TD Banknorth Inc. 1,242 35,869
Texas Regional Bancshares, Inc. Class A 324 12,458
Thornburg Mortgage, Inc. (a) 1,944 49,514
Torchmark Corp. 198 12,496
Transatlantic Holdings, Inc. 198 11,961
Trizec Properties, Inc. 864 24,978
Trustmark Corp. 360 11,315
Trustreet Properties Inc. 1,062 13,286
U.S. Bancorp 14,116 468,935
UCBH Holdings, Inc. 630 11,000
UMB Financial Corp. 342 12,507
Umpqua Holdings Corp. 414 11,840
UnionBanCal Corp. 594 36,175
United Bankshares, Inc. 306 11,389
United Dominion Realty Trust, Inc. 1,062 32,072
Unitrin, Inc. 468 20,672
UnumProvident Corp. 774 15,008
U-Store-It Trust 332 7,125
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 15
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Valley National Bancorp 720 $ 18,410
Ventas, Inc. 882 33,992
Vornado Realty Trust 846 92,214
W.R. Berkley Corp. 534 18,898
Wachovia Corp. 10,815 603,478
Waddell & Reed Financial, Inc. Class A 522 12,920
Washington Federal, Inc. 522 11,714
Washington Mutual, Inc. 8,430 366,453
Washington Real Estate Investment Trust 342 13,612
Webster Financial Corp. 234 11,024
Weingarten Realty Investors 738 31,749
Wells Fargo & Co. 19,923 720,815
Wesco Financial Corp. 36 15,732
Westamerica Bancorp. 234 11,819
Whitney Holding Corp. 342 12,233
Wilmington Trust Corp. 342 15,236
Wintrust Financial Corp. 216 10,832
Zenith National Insurance Corp. 288 11,488
Zions Bancorp. 324 25,858
------------
Total Financials 16,415,374
--------------------------------------------------------------------------------
Health Care--10.0%
Abbott Laboratories 7,746 376,146
Aetna, Inc. 270 10,679
Allergan, Inc. 108 12,162
AmerisourceBergen Corp. 270 12,204
Applera Corp. 378 12,516
Baxter International, Inc. 1,746 79,373
Becton Dickinson & Co. 612 43,250
Biomet, Inc. 324 10,430
Bristol-Myers Squibb Co. 16,194 403,554
Brookdale Senior Living, Inc. 432 20,053
C.R. Bard, Inc. 162 12,150
Cardinal Health, Inc. 234 15,383
Cigna Corp. 126 14,656
DENTSPLY International, Inc. 360 10,840
Eli Lilly & Co. 5,902 336,414
HCA, Inc. 1,044 52,085
Health Management Associates Inc. Class A 540 11,286
Hillenbrand Industries, Inc. 127 7,236
IMS Health, Inc. 414 11,029
Johnson & Johnson 12,098 785,644
Manor Care, Inc. 234 12,234
McKesson Corp. 252 13,285
Medtronic, Inc. 1,656 76,905
Merck & Co., Inc. 17,196 720,512
Mylan Laboratories, Inc. 540 10,870
Omnicare, Inc. 252 10,859
Pfizer, Inc. 51,592 1,463,150
Pharmaceutical Product Development, Inc. 306 10,921
Quest Diagnostics, Inc. 270 16,513
Schering-Plough Corp. 3,104 68,567
Stryker Corp. 252 12,497
UnitedHealth Group, Inc. 252 12,398
Wyeth 5,002 254,302
------------
Total Health Care 4,920,103
--------------------------------------------------------------------------------
Industrials--9.7%
3M Co. 3,320 247,073
American Power Conversion Corp. 612 13,440
American Standard Cos., Inc. 612 25,686
Ametek, Inc. 270 11,759
Aramark Corp. Class B 342 11,238
Avery Dennison Corp. 522 31,409
Avis Budget Group, Inc. 394 7,206
Boeing Co. (The) 2,222 175,204
Brink's Co. (The) 216 11,461
Burlington Northern Santa Fe Corp. 648 47,589
C.H. Robinson Worldwide, Inc. 324 14,444
Carlisle Cos., Inc. 144 12,110
Caterpillar, Inc. 1,692 111,334
Cintas Corp. 436 17,802
Con-way Inc. 198 8,874
Crane Co. 288 12,038
CSX Corp. 684 22,456
Cummins, Inc. 108 12,877
Deere & Co. 828 69,477
Deluxe Corp. 558 9,542
Donaldson Co., Inc. 360 13,284
Dover Corp. 504 23,910
Eaton Corp. 504 34,700
Emerson Electric Co. 1,584 132,834
Equifax, Inc. 324 11,894
Expeditors International Washington, Inc. 405 18,055
Fastenal Co. 288 11,108
FedEx Corp. 162 17,606
Fluor Corp. 144 11,072
General Dynamics Corp. 1,044 74,823
General Electric Co. 54,539 1,925,226
Goodrich Corp. 396 16,046
Graco, Inc. 252 9,843
Harsco Corp. 144 11,182
HNI Corp. 234 9,730
Honeywell International, Inc. 3,194 130,635
Hubbell, Inc. Class B 234 11,209
IDEX Corp. 252 10,849
Illinois Tool Works, Inc. 1,386 62,231
ITT Industries, Inc. 252 12,920
See Notes to Financial Statements.
16 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
JB Hunt Transport Services, Inc. 468 $ 9,720
Joy Global, Inc. 234 8,801
Kennametal, Inc. 198 11,217
L-3 Communications Holdings, Inc. 198 15,509
Laidlaw International, Inc. 450 12,299
Landstar System, Inc. 252 10,760
Lincoln Electric Holdings, Inc. 198 10,781
Lockheed Martin Corp. 1,278 109,985
Manitowoc Co., Inc. (The) 288 12,900
Manpower, Inc. 180 11,029
Masco Corp. 2,042 55,992
MSC Industrial Direct Co. Class A 252 10,266
Norfolk Southern Corp. 918 40,438
Northrop Grumman Corp. 954 64,939
Oshkosh Truck Corp. 216 10,902
Paccar, Inc. 648 36,949
Pall Corp. 396 12,201
Parker Hannifin Corp. 252 19,588
Pentair, Inc. 342 8,957
Pitney Bowes, Inc. 1,224 54,309
Precision Castparts Corp. 216 13,643
Raytheon Co. 1,692 81,233
Republic Services, Inc. 324 13,028
Robert Half International, Inc. 288 9,783
Rockwell Automation, Inc. 396 23,008
Rockwell Collins, Inc. 270 14,807
Roper Industries, Inc. 252 11,274
RR Donnelley & Sons Co. 1,242 40,936
Ryder System, Inc. 198 10,233
Southwest Airlines Co. 1,130 18,826
SPX Corp. 216 11,543
Steelcase Inc. Class A 648 10,167
Teleflex, Inc. 198 11,017
Textron, Inc. 378 33,075
Timken Co. (The) 396 11,793
Toro Co. (The) 234 9,868
Trinity Industries, Inc. 324 10,423
Union Pacific Corp. 612 53,856
United Parcel Service Inc. Class B 2,240 161,146
United Technologies Corp. 2,780 176,112
W.W. Grainger, Inc. 198 13,270
Waste Management, Inc. 2,456 90,086
------------
Total Industrials 4,778,845
--------------------------------------------------------------------------------
Information Technology--4.6%
Amphenol Corp. Class A 216 13,377
Analog Devices, Inc. 1,116 32,799
Applied Materials, Inc. 3,284 58,225
Automatic Data Processing, Inc. 1,692 80,099
CA, Inc. 612 14,498
CDW Corp. 198 12,213
Diebold, Inc. 270 11,753
Electronic Data Systems Corp. 684 16,772
Fidelity National Information Services, Inc. 306 11,322
First Data Corp. 702 29,484
Global Payments, Inc. 252 11,091
Harris Corp. 288 12,813
Hewlett-Packard Co. 4,966 182,203
Intel Corp. 22,042 453,404
International Business Machines Corp. 2,744 224,843
Intersil Corp. Class A 486 11,931
KLA-Tencor Corp. 360 16,009
Linear Technology Corp. 936 29,128
Maxim Integrated Products, Inc. 774 21,726
Microchip Technology, Inc. 792 25,677
Microsoft Corp. 24,955 682,021
Molex, Inc. 324 12,626
MoneyGram International, Inc. 324 9,415
Motorola, Inc. 3,158 78,950
National Semiconductor Corp. 468 11,012
Paychex, Inc. 1,062 39,135
Qualcomm, Inc. 2,132 77,498
Sabre Holdings Corp. Class A 522 12,210
Symbol Technologies, Inc. 1,008 14,979
Texas Instruments, Inc. 1,080 35,910
Total System Services, Inc. 612 13,972
Xilinx, Inc. 684 15,014
------------
Total Information Technology 2,272,109
--------------------------------------------------------------------------------
Materials--4.1%
Air Products & Chemicals, Inc. 810 53,760
Airgas, Inc. 306 11,068
Albemarle Corp. 252 13,691
Alcoa, Inc. 3,104 87,036
Allegheny Technologies, Inc. 288 17,911
Ashland, Inc. 198 12,628
Ball Corp. 306 12,378
Bemis Co. 450 14,787
Cabot Corp. 342 12,722
Carpenter Technology Corp. 108 11,611
Celanese Corp. Series A 594 10,633
Chemtura Corp. 1,242 10,768
Commercial Metals Co. 504 10,246
Cytec Industries, Inc. 198 11,007
Dow Chemical Co. (The) 6,478 252,511
E.I. du Pont de Nemours & Co. 5,830 249,757
Eagle Materials, Inc. 270 9,094
Eastman Chemical Co. 504 27,226
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 17
Schedule of Investments (unaudited) (continued)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Ecolab, Inc. 486 $ 20,811
Florida Rock Industries, Inc. 234 9,058
FMC Corp. 180 11,533
Freeport-McMoRan Copper & Gold Inc. Class B 702 37,389
International Flavors & Fragrances, Inc. 342 13,523
International Paper Co. 2,564 88,791
Louisiana-Pacific Corp. 504 9,460
Lubrizol Corp. 288 13,170
Lyondell Chemical Co. 2,024 51,349
Martin Marietta Materials, Inc. 126 10,662
MeadWestvaco Corp. 1,098 29,108
Monsanto Co. 900 42,309
Newmont Mining Corp. 612 26,163
Nucor Corp. 432 21,380
Packaging Corp. of America 828 19,210
Phelps Dodge Corp. 342 28,967
PPG Industries, Inc. 882 59,165
Praxair, Inc. 1,062 62,828
Reliance Steel & Aluminum Co. 288 9,256
Rohm & Haas Co. 936 44,320
RPM International, Inc. 756 14,356
Scotts Miracle-Gro Co. (The) Class A 270 12,012
Sealed Air Corp. 216 11,690
Sigma-Aldrich Corp. 162 12,259
Sonoco Products Co. 486 16,349
Southern Copper Corp. (a) 3,464 320,419
Steel Dynamics, Inc. 216 10,897
Temple-Inland, Inc. 450 18,045
United States Steel Corp. 298 17,189
Valhi, Inc. 468 10,881
Valspar Corp. (The) 414 11,012
Vulcan Materials Co. 306 23,945
Weyerhaeuser Co. 1,224 75,313
------------
Total Materials 1,991,653
--------------------------------------------------------------------------------
Telecommunication Services--5.7%
ALLTEL Corp. 1,674 92,907
AT&T, Inc. 34,747 1,131,361
BellSouth Corp. 10,886 465,377
CenturyTel, Inc. 306 12,139
Citizens Communications Co. 4,472 62,787
Commonwealth Telephone Enterprises, Inc. 342 14,101
Consolidated Communications Holdings, Inc. 54 1,010
FairPoint Communications, Inc. 408 7,099
Iowa Telecommunications Services, Inc. 630 12,468
Sprint Nextel Corp. 1,988 34,094
Telephone & Data Systems, Inc. 288 12,125
Telephone & Data Systems, Inc. Special Shares 288 11,765
Verizon Communications, Inc. 25,362 941,691
------------
Total Telecommunication Services 2,798,924
--------------------------------------------------------------------------------
Utilities--6.9%
AGL Resources, Inc. 576 21,024
ALLETE, Inc. 388 16,859
Alliant Energy Corp. 756 27,012
Ameren Corp. 1,890 99,773
American Electric Power Co., Inc. 3,104 112,892
Aqua America Inc. 831 18,232
Atmos Energy Corp. 684 19,528
Avista Corp. 504 11,935
Black Hills Corp. 324 10,890
CenterPoint Energy, Inc. 2,816 40,325
Cleco Corp. 504 12,721
Consolidated Edison, Inc. 2,348 108,478
Constellation Energy Group, Inc. 882 52,214
Dominion Resources, Inc. 2,510 191,990
DPL, Inc. 846 22,944
DTE Energy Co. 1,656 68,741
Duke Energy Corp. 7,926 239,364
Duquesne Light Holdings, Inc. 846 16,632
Edison International 1,548 64,459
Energen Corp. 324 13,566
Energy East Corp. 1,278 30,314
Entergy Corp. 1,188 92,937
Equitable Resources, Inc. 486 17,000
Exelon Corp. 3,644 220,607
FirstEnergy Corp. 2,186 122,110
FPL Group, Inc. 2,654 119,430
Great Plains Energy, Inc. 792 24,568
Hawaiian Electric Industries, Inc. 666 18,022
IDACORP, Inc. 324 12,250
KeySpan Corp. 1,440 59,242
MDU Resources Group, Inc. 733 16,375
National Fuel Gas Co. 540 19,629
New Jersey Resources Corp. 252 12,424
Nicor, Inc. 378 16,163
NiSource, Inc. 2,240 48,698
Northeast Utilities 990 23,037
Northwest Natural Gas Co. 324 12,727
NorthWestern Corp. 516 18,050
NSTAR 810 27,022
OGE Energy Corp. 738 26,649
ONEOK, Inc. 720 27,209
Ormat Technologies, Inc. 324 10,601
See Notes to Financial Statements.
18 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Peoples Energy Corp. 414 $ 16,829
PG&E Corp. 2,114 88,048
Piedmont Natural Gas Co. Inc. 540 13,667
Pinnacle West Capital Corp. 900 40,545
PNM Resources, Inc. 450 12,407
PPL Corp. 2,564 84,356
Progress Energy, Inc. 2,510 113,904
Public Service Enterprise Group, Inc. 1,620 99,128
Puget Energy, Inc. 972 22,094
Questar Corp. 198 16,190
SCANA Corp. 882 35,518
Sempra Energy 1,224 61,506
Southern Co. 6,100 210,206
Southern Union Co. 706 18,645
Southwest Gas Corp. 378 12,595
TECO Energy, Inc. 1,764 27,607
TXU Corp. 3,068 191,811
UGI Corp. 594 14,523
UniSource Energy Corp. 360 11,999
Vectren Corp. 630 16,916
Westar Energy, Inc. 738 17,350
Wisconsin Energy Corp. 486 20,966
WPS Resources Corp. 324 16,080
Xcel Energy, Inc. 3,464 71,532
------------
Total Utilities 3,379,065
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $46,794,624) 48,757,923
================================================================================
SHORT-TERM INVESTMENT--0.6%
MONEY MARKET FUND--0.6%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $272,447) 272,447 272,447
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED -1.0%
MONEY MARKET FUNDS (c) - 1.0%
UBS Enhanced Yield Portfolio, 5.30% 100,000 100,000
UBS Private Money Market Fund LLC, 5.23% 397,150 397,150
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $497,150) (d) 497,150
================================================================================
TOTAL INVESTMENTS IN SECURITIES--100.9%
(Cost: $47,564,221) (e) 49,527,520
Liabilities in Excess of Cash
and Other Assets -- (0.9)% (419,419)
------------
NET ASSETS--100.0% $49,108,101
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $481,757 and the total market value of the collateral held by the
Fund was $497,150.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 19
Schedule of Investments (unaudited)
WisdomTree High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--99.2%
Consumer Discretionary--1.5%
American Axle & Manufacturing Holdings, Inc. 630 $ 10,515
Bandag, Inc. Class A 126 4,379
Bassett Furniture Industries, Inc. 168 2,728
Carmike Cinemas, Inc. 126 2,165
Cherokee, Inc. 189 6,919
Citadel Broadcasting Corp. 2,583 24,280
Cooper Tire & Rubber Co. 630 6,338
Entercom Communications Corp. 630 15,876
General Motors Corp. 9,416 313,176
Genuine Parts Co. 1,890 81,516
Hanesbrands, Inc.* 919 20,687
Kimball International, Inc. Class B 378 7,295
Lone Star Steakhouse & Saloon, Inc. 210 5,832
Mattel, Inc. 3,809 75,037
Newell Rubbermaid, Inc. 3,234 91,587
Pier 1 Imports, Inc. 1,050 7,791
Pre-Paid Legal Services, Inc. (a) 189 7,498
Regal Entertainment Group Class A 1,470 29,135
Russ Berrie & Co., Inc. 189 2,880
ServiceMaster Co. (The) 3,494 39,168
Sinclair Broadcast Group, Inc. Class A 819 6,429
Snap-On, Inc. 588 26,195
Sturm Ruger & Co., Inc. 483 3,738
Superior Industries International, Inc. (a) 315 5,289
Tuesday Morning Corp. 504 6,996
Tupperware Brands Corp. 903 17,572
Westwood One, Inc. 1,113 7,880
World Wrestling Entertainment, Inc. 441 7,246
Xerium Technologies, Inc. 1,491 16,520
------------
Total Consumer Discretionary 852,667
--------------------------------------------------------------------------------
Consumer Staples--9.3%
Altria Group, Inc. 33,779 2,585,782
Coca-Cola Co. (The) 25,115 1,122,138
ConAgra Foods, Inc. 6,182 151,335
H.J. Heinz Co. Ltd. 3,767 157,950
Ingles Markets, Inc. Class A 147 3,878
Kimberly-Clark Corp. 5,672 370,722
Kraft Foods, Inc. Class A (a) 5,258 187,500
Lance, Inc. 294 6,474
Loews Corp./Carolina Group 1,140 63,145
Reddy Ice Holdings, Inc. 525 12,705
Reynolds American, Inc. 5,048 312,825
Sara Lee Corp. 11,902 191,265
Universal Corp. 420 15,343
UST, Inc. 3,129 171,563
Vector Group Ltd. 1,565 25,384
WD-40 Co. 168 5,993
------------
Total Consumer Staples 5,384,002
--------------------------------------------------------------------------------
Energy--3.2%
Chevron Corp. 24,765 1,606,258
Crosstex Energy, Inc. 168 15,048
Kinder Morgan, Inc. 1,854 194,392
NGP Capital Resources Co. 294 4,289
------------
Total Energy 1,819,987
--------------------------------------------------------------------------------
Financials--43.3%
Acadia Realty Trust 357 9,104
Advance America Cash Advance Centers, Inc. 882 12,718
Agree Realty Corp. 168 5,519
Alexandria Real Estate Equities, Inc. 273 25,607
AMB Property Corp. 1,139 62,770
American Campus Communities, Inc. 315 8,036
American Capital Strategies Ltd. (a) 4,124 162,774
American Financial Realty Trust 4,250 47,430
American Home Mortgage Investment Corp. 2,058 71,762
American Land Lease, Inc. 105 2,494
AmSouth Bancorp. 4,712 136,836
Annaly Mortgage Management, Inc. 1,596 20,971
Anthracite Capital, Inc. 2,058 26,466
Apartment Investment & Management Co.
Class A 1,764 95,979
Apollo Investment Corp. 2,814 57,715
Arbor Realty Trust, Inc. 630 16,103
Archstone-Smith Trust 2,688 146,335
Ares Capital Corp. 1,113 19,388
Arrow Financial Corp. 129 3,271
Arthur J. Gallagher & Co. 1,470 39,205
Ashford Hospitality Trust, Inc. 1,281 15,282
Associated Banc-Corp 1,533 49,823
Astoria Financial Corp. 1,155 35,597
AvalonBay Communities, Inc. 777 93,551
BancorpSouth, Inc. 882 24,484
Bank of America Corp. 73,139 3,918,057
Bank of Granite Corp. 158 2,761
Bank of Hawaii Corp. 504 24,273
BB&T Corp. 7,358 322,133
Beverly Hills Bancorp, Inc. 357 2,913
BioMed Realty Trust, Inc. 651 19,751
Boston Properties, Inc. 1,225 126,592
Brandywine Realty Trust 1,701 55,368
BRE Properties, Inc. Class A 714 42,647
Camden Property Trust 714 54,271
Capital Lease Funding, Inc. 714 7,918
See Notes to Financial Statements.
20 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Capital Trust, Inc. Class A 420 $ 17,107
CapitalSource, Inc. 4,796 123,833
Capitol Federal Financial 1,638 58,247
CBL & Associates Properties, Inc. 966 40,485
Cedar Shopping Centers, Inc. 588 9,508
CentraCore Properties Trust 294 9,335
Charter Financial Corp. 336 13,437
Chemical Financial Corp. 294 8,726
Cincinnati Financial Corp. 1,974 94,870
Citigroup, Inc. 74,208 3,685,912
Citizens Banking Corp. 630 16,544
City Holding Co. 189 7,535
Colonial Properties Trust 861 41,164
Comerica, Inc. 2,440 138,885
Commerce Group, Inc. 798 23,980
Community Bank System, Inc. 357 7,911
Community Banks, Inc. 252 6,754
Community Trust Bancorp, Inc. 168 6,325
Compass Bancshares, Inc. 1,495 85,185
Cousins Properties, Inc. 798 27,300
Crescent Real Estate Equities Co. 2,562 55,877
Developers Diversified Realty Corp. 1,750 97,580
DiamondRock Hospitality Co. 1,218 20,231
Digital Realty Trust, Inc. 357 11,181
Dime Community Bancshares 504 7,424
Duke Realty Corp. 2,373 88,632
EastGroup Properties, Inc. 315 15,706
Education Realty Trust, Inc. 714 10,539
Entertainment Properties Trust 609 30,036
Equity Inns, Inc. 903 14,376
Equity Office Properties Trust 5,174 205,718
Equity One, Inc. 1,323 31,712
Equity Residential 3,914 197,970
Erie Indemnity Co. Class A 588 30,794
Essex Property Trust, Inc. 294 35,692
Extra Space Storage, Inc. 966 16,721
Federal Realty Investment Trust 588 43,688
FelCor Lodging Trust, Inc. 609 12,210
Fidelity National Financial, Inc. 1,743 72,596
Fidelity National Title Group, Inc. Class A 567 11,884
Fieldstone Investment Corp. 2,814 24,566
Fifth Third Bancorp 7,610 289,789
First Bancorp 168 3,424
First Busey Corp. 231 5,246
First Charter Corp. 336 8,084
First Commonwealth Financial Corp. 1,176 15,323
First Community Bancshares, Inc. 126 4,205
First Financial Bancorp 525 8,353
First Financial Bankshares, Inc. 210 8,012
First Financial Corp. 126 4,021
First Financial Holdings, Inc. 126 4,312
First Horizon National Corp. 1,953 74,234
First Indiana Corp. 168 4,370
First Industrial Realty Trust, Inc. 1,029 45,276
First Merchants Corp. 231 5,463
First Midwest Bancorp, Inc. 525 19,892
First Niagara Financial Group, Inc. 1,197 17,452
First Potomac Realty Trust 315 9,519
FirstMerit Corp. 1,302 30,167
Flagstar Bancorp, Inc. 882 12,833
FNB Corp. 1,134 18,892
Franklin Street Properties Corp. 1,260 25,024
Freddie Mac 7,667 508,552
Friedman, Billings, Ramsey Group, Inc.
Class A (a) 4,859 39,018
Fulton Financial Corp. 2,079 33,659
General Growth Properties, Inc. 2,835 135,088
Getty Realty Corp. 546 15,987
Gladstone Capital Corp. 294 6,471
Gladstone Investment Corp. 315 4,599
Glenborough Realty Trust Inc. 735 18,912
Glimcher Realty Trust 861 21,336
Global Signal, Inc. 1,050 53,109
GMH Communities Trust 1,113 14,046
Gramercy Capital Corp. 651 16,412
Harbor Florida Bancshares, Inc. 252 11,166
Harleysville National Corp. 334 6,713
Health Care Property Investors, Inc. 2,877 89,331
Health Care REIT, Inc. 1,365 54,614
Healthcare Realty Trust, Inc. 1,197 45,977
Heritage Property Investment Trust, Inc. 882 32,158
Highland Hospitality Corp. 1,050 15,047
Highwoods Properties, Inc. 966 35,945
Home Properties, Inc. 634 36,239
HomeBanc Corp. 2,562 15,756
Hospitality Properties Trust 1,701 80,287
HRPT Properties Trust 5,321 63,586
Huntington Bancshares, Inc. 3,662 87,632
IMPAC Mortgage Holdings, Inc. (a) 2,793 26,170
Independent Bank Corp./MI 227 5,512
IndyMac Bancorp, Inc. 966 39,761
Inland Real Estate Corp. 1,407 24,651
Innkeepers USA Trust 525 8,552
Integra Bank Corp. 168 4,247
Investors Real Estate Trust 1,155 11,273
iStar Financial, Inc. 3,213 133,982
JER Investors Trust Inc. 714 12,252
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 21
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
JPMorgan Chase & Co. 40,786 $ 1,915,311
KeyCorp 5,384 201,577
Kilroy Realty Corp. 294 22,150
Kimco Realty Corp. 2,604 111,633
Kite Realty Group Trust 462 7,872
KKR Financial Corp. 2,037 49,988
LaSalle Hotel Properties 399 17,293
Lexington Corporate Properties Trust 1,323 28,021
Liberty Property Trust 1,638 78,280
Lincoln National Corp. 3,387 210,265
Longview Fibre Co. 834 16,947
LTC Properties, Inc. 504 12,222
Macerich Co. (The) 966 73,764
Mack-Cali Realty Corp. 1,176 60,917
Maguire Properties, Inc. 714 29,088
MainSource Financial Group, Inc. 147 2,495
MBT Financial Corp. 252 3,740
MCG Capital Corp. 2,247 36,694
Medallion Financial Corp. 294 3,243
Medical Properties Trust, Inc. 1,113 14,903
Mercury General Corp. 672 33,338
MFA Mortgage Investments, Inc. 882 6,571
Mid-America Apartment Communities, Inc. 378 23,141
Mills Corp. (The) 1,785 29,827
Mission West Properties, Inc. 357 4,073
MortgageIT Holdings, Inc. 924 13,010
Municipal Mortgage & Equity LLC 987 28,041
MVC Capital, Inc. 273 3,538
National City Corp. 9,248 338,477
National Health Investors, Inc. 735 20,823
National Penn Bancshares, Inc. 521 10,222
National Retail Properties, Inc. 1,113 24,041
Nationwide Health Properties, Inc. 1,722 46,046
NBT Bancorp, Inc. 399 9,281
New Century Financial Corp. 3,045 119,699
New Plan Excel Realty Trust, Inc. 1,785 48,284
New York Community Bancorp, Inc. 5,489 89,910
Newcastle Investment Corp. 1,638 44,898
Newkirk Realty Trust, Inc. 609 10,036
North Fork Bancorp., Inc. 5,699 163,219
NorthStar Realty Finance Corp. 1,050 13,335
NovaStar Financial, Inc. (a) 1,932 56,395
OceanFirst Financial Corp. 147 3,153
Old National Bancorp 924 17,648
Omega Financial Corp. 168 5,052
Omega Healthcare Investors, Inc. 1,344 20,173
Pan Pacific Retail Properties, Inc. 598 41,513
Park National Corp. 210 21,019
Parkway Properties, Inc. 294 13,668
Pennsylvania Real Estate Investment Trust 672 28,607
Peoples Bancorp, Inc. 105 3,069
Plum Creek Timber Co., Inc. 2,814 95,789
PNC Financial Services Group, Inc. (The) 3,198 231,663
Post Properties, Inc. 588 27,942
Potlatch Corp. 630 23,373
ProLogis 2,671 152,407
Provident Bankshares Corp. 357 13,227
Public Storage, Inc. 256 22,013
RAIT Investment Trust 840 24,234
Ramco-Gershenson Properties Trust 357 11,406
Rayonier, Inc. 1,134 42,865
Realty Income Corp. 1,827 45,145
Reckson Associates Realty Corp. 1,071 45,839
Redwood Trust, Inc. 567 28,560
Regency Centers Corp. 882 60,646
Regions Financial Corp. 6,455 237,479
Republic Bancorp, Inc. 966 12,877
S&T Bancorp, Inc. 294 9,555
Saul Centers, Inc. 231 10,395
Saxon Capital, Inc. 3,410 47,876
Senior Housing Properties Trust 1,806 38,540
Simon Property Group, Inc. 2,912 263,885
Sky Financial Group, Inc. 1,344 33,466
Sovran Self Storage, Inc. 273 15,165
Spirit Finance Corp. 1,995 23,162
Sterling Bancorp 252 4,954
Strategic Hotels & Resorts, Inc. 819 16,282
Sun Communities, Inc. 441 14,094
Sunstone Hotel Investors, Inc. 840 24,965
SunTrust Banks, Inc. 4,421 341,655
Susquehanna Bancshares, Inc. 609 14,884
Synovus Financial Corp. 3,192 93,749
Tanger Factory Outlet Centers, Inc. 399 14,212
Taubman Centers, Inc. 525 23,321
TCF Financial Corp. 1,701 44,719
TD Banknorth Inc. 2,415 69,745
Technology Investment Capital Corp. 567 8,295
Thornburg Mortgage, Inc. (a) 3,830 97,550
Trizec Properties, Inc. 1,743 50,390
TrustCo Bank Corp. 1,407 15,252
Trustreet Properties Inc. 2,079 26,008
U.S. Bancorp 27,918 927,436
United Bankshares, Inc. 420 15,632
United Community Financial Corp. 315 3,881
United Dominion Realty Trust, Inc. 2,079 62,786
Unitrin, Inc. 903 39,886
See Notes to Financial Statements.
22 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Universal Health Realty Income Trust 252 $ 9,034
Univest Corp. of Pennsylvania 126 3,640
Urstadt Biddle Properties, Inc. Class A 336 6,105
U-Store-It Trust 1,176 25,237
Valley National Bancorp 1,428 36,514
Ventas, Inc. 1,764 67,985
Vornado Realty Trust 1,726 188,134
Wachovia Corp. 21,233 1,184,801
Washington Federal, Inc. 1,008 22,620
Washington Mutual, Inc. 16,672 724,732
Washington Real Estate Investment Trust 651 25,910
Weingarten Realty Investors 1,449 62,336
Wells Fargo & Co. 39,124 1,415,506
WesBanco, Inc. 252 7,363
West Bancorp, Inc. 193 3,302
Whitney Holding Corp. 672 24,037
Willow Grove Bancorp, Inc. 147 2,302
Wilmington Trust Corp. 651 29,002
Windrose Medical Properties Trust 378 6,683
Winston Hotels, Inc. 504 6,209
------------
Total Financials 25,011,178
--------------------------------------------------------------------------------
Health Care--11.3%
Abbott Laboratories 15,304 743,162
Bristol-Myers Squibb Co. 32,012 797,739
Brookdale Senior Living, Inc. 840 38,993
Computer Programs & Systems, Inc. 105 3,441
Eli Lilly & Co. 11,699 666,843
Merck & Co., Inc. 33,803 1,416,346
Pfizer, Inc. 101,549 2,879,929
------------
Total Health Care 6,546,453
--------------------------------------------------------------------------------
Industrials--7.0%
American Ecology Corp. 189 3,731
BlueLinx Holdings, Inc. 336 3,199
Deluxe Corp. 1,113 19,032
Ennis, Inc. 294 6,365
General Electric Co. 107,371 3,790,197
Horizon Lines, Inc. Class A 399 6,663
Hubbell, Inc. Class A 84 3,746
LSI Industries, Inc. 189 3,071
Pitney Bowes, Inc. 2,394 106,222
R.R. Donnelley & Sons Co. 2,436 80,291
Standard Register Co. (The) 504 6,653
Synagro Technologies, Inc. 2,079 8,773
UAP Holding Corp. 609 13,014
------------
Total Industrials 4,050,957
--------------------------------------------------------------------------------
Information Technology--0.0%
Landauer, Inc. 105 5,329
Spectralink Corp.* 70 575
Startek, Inc. 315 3,928
United Online, Inc. 1,407 17,137
------------
Total Information Technology 26,969
--------------------------------------------------------------------------------
Materials--4.0%
Chesapeake Corp. 441 6,311
Compass Minerals International, Inc. 546 15,457
Dow Chemical Co. (The) 12,679 494,227
E.I. du Pont de Nemours & Co. 11,440 490,090
Eastman Chemical Co. 987 53,318
Ferro Corp. 420 7,468
Great Northern Iron Ore Properties 63 6,514
International Paper Co. 5,048 174,812
Kronos Worldwide, Inc. 567 16,324
Lyondell Chemical Co. 3,977 100,896
MeadWestvaco Corp. 2,163 57,341
NL Industries, Inc. (a) 798 7,932
Olin Corp. 945 14,515
Packaging Corp. of America 1,638 38,002
PPG Industries, Inc. 1,819 122,019
Quaker Chemical Corp. 126 2,451
RPM International, Inc. 1,491 28,314
Sensient Technologies Corp. 546 10,685
Southern Copper Corp. (a) 6,891 637,418
Stepan Co. 84 2,455
Wellman, Inc. 357 1,424
Worthington Industries, Inc. 1,050 17,913
------------
Total Materials 2,305,886
--------------------------------------------------------------------------------
Telecommunication Services--9.0%
Alaska Communications Systems Group, Inc. 1,029 13,655
AT&T, Inc. 68,364 2,225,932
BellSouth Corp. 21,551 921,305
Citizens Communications Co. 8,786 123,355
Commonwealth Telephone Enterprises, Inc. 441 18,182
Consolidated Communications Holdings, Inc. 987 18,467
CT Communications, Inc. 189 4,105
FairPoint Communications, Inc. 1,428 24,847
Iowa Telecommunications Services, Inc. 924 18,286
North Pittsburgh Systems, Inc. 168 4,229
SureWest Communications 210 4,089
Verizon Communications, Inc. 49,878 1,851,970
------------
Total Telecommunication Services 5,228,422
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 23
Schedule of Investments (unaudited) (concluded)
WisdomTree High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Utilities--10.6%
AGL Resources, Inc. 1,134 $ 41,391
ALLETE, Inc. 336 14,599
Alliant Energy Corp. 1,533 54,774
Ameren Corp. 3,704 195,534
American Electric Power Co., Inc. 6,077 221,020
Atmos Energy Corp. 1,386 39,570
Black Hills Corp. 462 15,528
Cascade Natural Gas Corp. 189 4,931
CenterPoint Energy, Inc. 5,552 79,505
Central Vermont Public Service Corp. 189 4,179
CH Energy Group, Inc. 252 12,970
Cleco Corp. 714 18,021
Connecticut Water Service, Inc. 84 1,855
Consolidated Edison, Inc. 4,607 212,843
Constellation Energy Group, Inc. 1,828 108,218
Dominion Resources, Inc. 5,029 384,668
DPL, Inc. 1,659 44,992
DTE Energy Co. 3,234 134,243
Duke Energy Corp. 14,002 422,860
Duquesne Light Holdings, Inc. 1,680 33,029
Empire District Electric Co. (The) 525 11,750
Energy East Corp. 2,499 59,276
Entergy Corp. 2,352 183,997
Exelon Corp. 7,275 440,429
FirstEnergy Corp. 4,404 246,007
FPL Group, Inc. 5,237 235,665
Great Plains Energy, Inc. 1,575 48,857
Hawaiian Electric Industries, Inc. 1,323 35,800
IDACORP, Inc. 546 20,644
ITC Holdings Corp. 462 14,414
KeySpan Corp. 2,814 115,768
Laclede Group, Inc. (The) 315 10,105
MGE Energy, Inc. 294 9,520
Middlesex Water Co. 147 2,827
National Fuel Gas Co. 1,050 38,168
New Jersey Resources Corp. 315 15,530
Nicor, Inc. 735 31,429
NiSource, Inc. 4,397 95,591
Northeast Utilities 1,953 45,446
Northwest Natural Gas Co. 378 14,848
NorthWestern Corp. 504 17,630
NSTAR 1,617 53,943
OGE Energy Corp. 1,470 53,082
ONEOK, Inc. 1,449 54,758
Otter Tail Corp. 420 12,281
Peoples Energy Corp. 819 33,292
PG&E Corp. 4,166 173,514
Piedmont Natural Gas Co. Inc. 1,071 27,107
Pinnacle West Capital Corp. 1,806 81,360
PNM Resources, Inc. 861 23,738
PPL Corp. 5,048 166,079
Progress Energy, Inc. 4,922 223,360
Public Service Enterprise Group, Inc. 3,275 200,397
Puget Energy, Inc. 1,932 43,914
SCANA Corp. 1,743 70,191
South Jersey Industries, Inc. 336 10,050
Southern Co. 11,965 412,314
Southwest Gas Corp. 399 13,295
TECO Energy, Inc. 3,494 54,681
TXU Corp. 6,182 386,499
UGI Corp. 1,197 29,267
UIL Holdings Corp. 486 18,225
Vectren Corp. 1,260 33,831
Westar Energy, Inc. 1,491 35,053
WPS Resources Corp. 651 32,309
Xcel Energy, Inc. 6,791 140,234
------------
Total Utilities 6,121,205
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS(Cost: $55,236,051) 57,347,726
================================================================================
SHORT-TERM INVESTMENT--0.5%
MONEY MARKET FUND--0.5%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $282,908) 282,908 282,908
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED -1.5%
MONEY MARKET FUNDS (c) - 1.5%
UBS Enhanced Yield Portfolio, 5.30% 800,000 800,000
UBS Private Money Market Fund LLC, 5.23% 79,100 79,100
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $879,100) (d) 879,100
================================================================================
TOTAL INVESTMENTS IN SECURITIES--101.2%
(Cost: $56,398,059) (e) 58,509,734
Liabilities in Excess of Cash and
Other Assets -- (1.2) % (731,782)
------------
NET ASSETS--100.0% $57,777,952
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $854,248 and the total market value of the collateral held by the
Fund was $879,100.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
24 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited)
WisdomTree LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--99.4%
Consumer Discretionary--5.0%
Best Buy Co., Inc. 1,292 $ 69,200
CBS Corp. Class B 8,710 245,361
Centex Corp. 152 7,998
Clear Channel Communications, Inc. 6,123 176,649
D.R. Horton, Inc. 1,710 40,955
Eastman Kodak Co. 2,318 51,923
Federated Department Stores, Inc. 3,536 152,791
Fortune Brands, Inc. 1,249 93,812
Gannett Co., Inc. 2,090 118,775
Gap, Inc. (The) 6,734 127,609
General Motors Corp. 12,249 407,401
Genuine Parts Co. 2,472 106,617
Hanesbrands, Inc.* 1,624 36,556
Harley-Davidson, Inc. 1,710 107,303
Harrah's Entertainment, Inc. 1,634 108,547
Hilton Hotels Corp. 1,102 30,691
Home Depot, Inc. (The) (a) 13,845 502,157
International Game Technology 2,166 89,889
J.C. Penney Co., Inc. 1,331 91,027
Johnson Controls, Inc. 1,367 98,069
Lennar Corp. Class A 608 27,512
Limited Brands, Inc. 4,451 117,907
Lowe's Cos., Inc. 2,662 74,696
Marriott International Inc. Class A 1,140 44,050
McDonald's Corp. 11,258 440,412
McGraw-Hill Cos., Inc. (The) 2,128 123,488
News Corp. Class A 7,304 143,524
News Corp. Class B 2,700 55,728
NIKE, Inc. Class B 1,355 118,725
Nordstrom, Inc. 1,292 54,652
Omnicom Group, Inc. 1,045 97,812
Pulte Homes, Inc. 494 15,739
Staples, Inc. 2,890 70,314
Target Corp. 3,118 172,270
Time Warner Inc. 24,229 441,694
TJX Cos., Inc. 2,052 57,518
Tribune Co. 3,650 119,428
Walt Disney Co. (The) (a) 8,596 265,701
Yum! Brands, Inc. 1,178 61,315
-------------
Total Consumer Discretionary 5,165,815
--------------------------------------------------------------------------------
Consumer Staples--13.0%
Altria Group, Inc. 43,647 3,341,177
Anheuser-Busch Cos., Inc. 9,014 428,255
Archer-Daniels-Midland Co. 3,574 135,383
Avon Products, Inc. 4,641 142,293
Campbell Soup Co. 4,185 152,753
Clorox Co. (The) 1,411 88,893
Coca-Cola Co. (The) 32,476 1,451,028
Coca-Cola Enterprises, Inc. 2,586 53,866
Colgate-Palmolive Co. 5,325 330,683
ConAgra Foods, Inc. 8,026 196,476
Costco Wholesale Corp. 1,824 90,616
CVS Corp. 1,938 62,249
General Mills, Inc. 4,413 249,776
H.J. Heinz Co. Ltd. 4,869 204,157
Hershey Co. (The) 1,520 81,244
Kellogg Co. 4,717 233,586
Kimberly-Clark Corp. 7,308 477,651
Kraft Foods, Inc. Class A 6,810 242,845
Kroger Co. (The) 4,261 98,600
PepsiCo, Inc. 13,811 901,306
Procter & Gamble Co. 32,780 2,031,704
Reynolds American, Inc. 6,465 400,636
Safeway, Inc. 1,634 49,592
Sara Lee Corp. 15,443 248,169
Sysco Corp. 6,047 202,272
Walgreen Co. 2,814 124,913
Wal-Mart Stores, Inc. 27,371 1,349,938
Whole Foods Market, Inc. 570 33,875
Wm. Wrigley Jr. Co. 2,166 99,766
-------------
Total Consumer Staples 13,503,702
--------------------------------------------------------------------------------
Energy--8.4%
Anadarko Petroleum Corp. 1,482 64,956
Apache Corp. 912 57,638
Baker Hughes, Inc. 1,259 85,864
BJ Services Co. 874 26,334
Chesapeake Energy Corp. 1,102 31,936
Chevron Corp. 32,011 2,076,233
ConocoPhillips 15,861 944,205
Devon Energy Corp. 1,482 93,588
Diamond Offshore Drilling, Inc. 342 24,751
El Paso Corp. 4,033 55,010
ENSCO International, Inc. 152 6,662
EOG Resources, Inc. 380 24,719
Exxon Mobil Corp. 59,477 3,990,908
Halliburton Co. 3,881 110,414
Hess Corp. 1,064 44,071
Kinder Morgan, Inc. 2,367 248,180
Marathon Oil Corp. 3,000 230,700
Murphy Oil Corp. 760 36,138
Noble Energy, Inc. 380 17,324
Occidental Petroleum Corp. 6,273 301,794
Peabody Energy Corp. 570 20,965
Smith International, Inc. 798 30,962
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 25
Schedule of Investments (unaudited) (continued)
WisdomTree LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Sunoco, Inc. 798 $ 49,628
Valero Energy Corp. 1,140 58,676
Williams Cos., Inc. (The) 3,843 91,732
XTO Energy, Inc. 1,216 51,230
-------------
Total Energy 8,774,618
--------------------------------------------------------------------------------
Financials--30.0%
Aflac, Inc. 2,662 121,813
Allstate Corp. (The) 7,988 501,087
AMBAC Financial Group, Inc. 380 31,445
American Express Co. 5,211 292,233
American International Group, Inc. (a) 10,919 723,493
Ameriprise Financial, Inc. 1,102 51,684
AmSouth Bancorp. 6,085 176,708
AON Corp. 2,128 72,075
Archstone-Smith Trust 3,498 190,431
AvalonBay Communities, Inc. 993 119,557
Bank of America Corp. 94,551 5,065,096
Bank of New York Co., Inc. (The) 8,292 292,376
BB&T Corp. (a) 9,546 417,924
Bear, Stearns & Co., Inc. 456 63,886
Boston Properties, Inc. 1,532 158,317
Capital One Financial Corp. 190 14,945
Charles Schwab Corp. (The) 3,460 61,934
Chicago Mercantile Exchange Holdings Inc. 90 43,043
Chubb Corp. (The) 3,995 207,580
CIT Group, Inc. 1,368 66,526
Citigroup, Inc. 95,927 4,764,693
Comerica, Inc. 3,080 175,314
Countrywide Financial Corp. 4,527 158,626
Equity Office Properties Trust 6,696 266,233
Equity Residential 5,059 255,884
Fifth Third Bancorp 9,888 376,535
Franklin Resources, Inc. 657 69,478
Freddie Mac 9,857 653,815
General Growth Properties, Inc. 3,688 175,733
Genworth Financial, Inc. Class A 1,862 65,189
Golden West Financial Corp. 714 55,157
Goldman Sachs Group, Inc. 1,817 307,382
Hartford Financial Services Group, Inc. (The) 2,837 246,110
Host Hotels & Resorts, Inc. 4,641 106,418
Hudson City Bancorp, Inc. 6,086 80,640
JPMorgan Chase & Co. 52,721 2,475,777
KeyCorp 7,000 262,080
Kimco Realty Corp. 3,422 146,701
Legg Mason, Inc. 342 34,494
Lehman Brothers Holdings, Inc. 1,707 126,079
Lincoln National Corp. 4,261 264,523
Loews Corp. 1,520 57,608
M&T Bank Corp. 841 100,886
Marsh & McLennan Cos., Inc. 5,819 163,805
Marshall & Ilsley Corp. 2,358 113,608
MBIA, Inc. 1,254 77,046
Mellon Financial Corp. 4,299 168,091
Merrill Lynch & Co., Inc. (a) 5,582 436,624
Metlife, Inc. 3,764 213,344
Moody's Corp. 532 34,782
Morgan Stanley 8,401 612,517
National City Corp. (a) 12,021 439,969
North Fork Bancorp., Inc. 7,380 211,363
Northern Trust Corp. 1,748 102,136
PNC Financial Services Group, Inc. (The) 4,104 297,294
Principal Financial Group, Inc. 1,672 90,756
Progressive Corp. (The) 418 10,258
ProLogis 3,384 193,091
Prudential Financial, Inc. 2,388 182,085
Public Storage, Inc. 1,504 129,329
Regions Financial Corp. 8,368 307,859
Simon Property Group, Inc. 3,688 334,207
SLM Corp. 3,232 167,999
Sovereign Bancorp, Inc. 2,662 57,260
St. Paul Travelers Cos., Inc. (The) 7,000 328,230
State Street Corp. 1,938 120,931
SunTrust Banks, Inc. 5,659 437,328
Synovus Financial Corp. 4,147 121,797
T. Rowe Price Group, Inc. 1,748 83,642
U.S. Bancorp 36,094 1,199,043
UnionBanCal Corp. 1,558 94,882
Vornado Realty Trust 2,213 241,217
W.R. Berkley Corp. 380 13,448
Wachovia Corp. 27,457 1,532,100
Washington Mutual, Inc. (a) 21,563 937,344
Wells Fargo & Co. (a) 50,562 1,829,332
Zions Bancorp. 902 71,989
-------------
Total Financials 31,252,214
--------------------------------------------------------------------------------
Health Care--11.6%
Abbott Laboratories 19,797 961,342
Aetna, Inc. 114 4,509
Allergan, Inc. 266 29,954
AmerisourceBergen Corp. 190 8,588
Baxter International, Inc. 4,489 204,070
Becton Dickinson & Co. 1,633 115,404
Biomet, Inc. 798 25,688
Bristol-Myers Squibb Co. 41,196 1,026,604
Cardinal Health, Inc. 685 45,032
Cigna Corp. 82 9,538
Eli Lilly & Co. 15,140 862,980
See Notes to Financial Statements.
26 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
HCA, Inc. 2,662 $ 132,807
Johnson & Johnson 30,721 1,995,022
McKesson Corp. 646 34,057
Medtronic, Inc. 4,223 196,116
Merck & Co., Inc. 43,699 1,830,988
Pfizer, Inc. (a) 131,271 3,722,846
Quest Diagnostics, Inc. 722 44,158
Schering-Plough Corp. 7,912 174,776
Stryker Corp. 456 22,613
UnitedHealth Group, Inc. 342 16,826
Wyeth (a) 12,781 649,786
-------------
Total Health Care 12,113,704
--------------------------------------------------------------------------------
Industrials--10.3%
3M Co. 8,514 633,612
American Standard Cos., Inc. 1,558 65,389
Avis Budget Group, Inc. 1,174 21,472
Boeing Co. (The) 5,735 452,205
Burlington Northern Santa Fe Corp. 1,709 125,509
C.H. Robinson Worldwide, Inc. 836 37,269
Caterpillar, Inc. 4,379 288,138
CSX Corp. 1,747 57,354
Deere & Co. 2,194 184,099
Dover Corp. 1,292 61,292
Eaton Corp. 1,368 94,187
Emerson Electric Co. 4,098 343,658
Expeditors International Washington, Inc. 304 13,552
FedEx Corp. 429 46,624
Fluor Corp. 380 29,218
General Dynamics Corp. 2,734 195,946
General Electric Co. (a) 138,794 4,899,429
Honeywell International, Inc. 8,140 332,926
Illinois Tool Works, Inc. 3,536 158,766
ITT Industries, Inc. 646 33,120
Joy Global, Inc. 418 15,721
L-3 Communications Holdings, Inc. 494 38,695
Lockheed Martin Corp. 3,295 283,568
Masco Corp. 5,173 141,844
Norfolk Southern Corp. 2,358 103,870
Northrop Grumman Corp. 2,548 173,442
Paccar, Inc. 1,661 94,710
Parker Hannifin Corp. 676 52,545
Pitney Bowes, Inc. 3,118 138,346
Precision Castparts Corp. 114 7,200
Raytheon Co. 4,299 206,395
Rockwell Automation, Inc. 1,026 59,611
Rockwell Collins, Inc. 684 37,511
Southwest Airlines Co. 380 6,331
Textron, Inc. 1,050 91,875
Union Pacific Corp. 1,621 142,648
United Parcel Service Inc. Class B 5,778 415,669
United Technologies Corp. 7,158 453,459
Waste Management, Inc. 6,275 230,167
-------------
Total Industrials 10,767,372
--------------------------------------------------------------------------------
Information Technology--5.2%
Analog Devices, Inc. 2,814 82,703
Applied Materials, Inc. 8,368 148,365
Automatic Data Processing, Inc. 4,337 205,314
CA, Inc. 1,558 36,909
Electronic Data Systems Corp. 1,748 42,861
Fidelity National Information Services, Inc. 418 15,466
First Data Corp. 1,786 75,012
Hewlett-Packard Co. (a) 12,667 464,752
Intel Corp. 56,320 1,158,502
International Business Machines Corp. 7,063 578,742
KLA-Tencor Corp. 912 40,557
Linear Technology Corp. 2,434 75,746
Maxim Integrated Products, Inc. 1,976 55,466
Microchip Technology, Inc. 2,052 66,526
Microsoft Corp. (a) 63,315 1,730,399
Motorola, Inc. 8,064 201,600
National Semiconductor Corp. 646 15,200
Paychex, Inc. 2,700 99,495
Qualcomm, Inc. 5,401 196,326
Texas Instruments, Inc. 2,738 91,039
Xilinx, Inc. 1,748 38,369
-------------
Total Information Technology 5,419,349
--------------------------------------------------------------------------------
Materials--3.7%
Air Products & Chemicals, Inc. 2,132 141,501
Alcoa, Inc. 7,874 220,787
Dow Chemical Co. (The) 16,431 640,479
E.I. du Pont de Nemours & Co. 14,833 635,446
Ecolab, Inc. 1,216 52,069
Freeport-McMoRan Copper & Gold Inc.
Class B 1,786 95,122
International Paper Co. 6,541 226,515
Monsanto Co. 2,358 110,850
Newmont Mining Corp. 1,558 66,605
Nucor Corp. 1,102 54,538
Phelps Dodge Corp. 936 79,279
PPG Industries, Inc. 2,320 155,626
Praxair, Inc. 2,700 159,732
Rohm & Haas Co. 2,434 115,250
Southern Copper Corp. (a) 8,883 821,677
Vulcan Materials Co. 798 62,444
Weyerhaeuser Co. 3,118 191,851
-------------
Total Materials 3,829,771
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 27
Schedule of Investments (unaudited) (concluded)
WisdomTree LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Telecommunication Services--6.5%
ALLTEL Corp. 4,261 $ 236,486
AT&T, Inc. (a) 88,376 2,877,522
BellSouth Corp. 27,872 1,191,528
Sprint Nextel Corp. 5,059 86,762
Verizon Communications, Inc. 64,469 2,393,734
-------------
Total Telecommunication Services 6,786,032
--------------------------------------------------------------------------------
Utilities--5.7%
Ameren Corp. 4,793 253,022
American Electric Power Co., Inc. 7,912 287,759
Consolidated Edison, Inc. 5,971 275,860
Constellation Energy Group, Inc. 2,242 132,726
Dominion Resources, Inc. 6,456 493,820
Duke Energy Corp. 20,123 607,716
Edison International 3,957 164,769
Entergy Corp. 3,071 240,244
Exelon Corp. 9,280 561,811
FirstEnergy Corp. 5,591 312,313
FPL Group, Inc. 6,772 304,740
PG&E Corp. 5,401 224,952
PPL Corp. 6,541 215,199
Progress Energy, Inc. 6,389 289,933
Public Service Enterprise Group, Inc. 4,109 251,430
Sempra Energy 3,118 156,680
Southern Co. (a) 15,519 534,785
TXU Corp. 7,874 492,282
Xcel Energy, Inc. 8,824 182,216
-------------
Total Utilities 5,982,257
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $99,509,834) 103,594,834
================================================================================
SHORT-TERM INVESTMENT--0.1%
MONEY MARKET FUND--0.1%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $86,157) 86,157 86,157
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED--16.0%
MONEY MARKET FUNDS (c)--16.0%
AIM Liquid Assets Portfolio, 5.21% 267,200 267,200
AIM Prime Portfolio, 5.22% 15,605 15,605
UBS Enhanced Yield Portfolio, 5.30% 5,700,000 5,700,000
UBS Private Money Market Fund LLC, 5.23% 10,647,400 10,647,400
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $16,630,205) (d) 16,630,205
================================================================================
TOTAL INVESTMENTS IN SECURITIES--115.5%
(Cost: $116,226,196) (e) 120,311,196
Liabilities in Excess of Cash and
Other Assets -- (15.5)% (16,132,142)
-------------
NET ASSETS--100.0% $104,179,054
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $16,096,155 and the total market value of the collateral held by
the Fund was $16,630,205.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
28 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited)
WisdomTree Dividend Top 100 Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--99.1%
Consumer Discretionary--5.8%
CBS Corp. Class B 8,739 $ 246,178
Clear Channel Communications, Inc. 7,009 202,210
General Motors Corp. (a) 18,010 599,012
Genuine Parts Co. 5,710 246,272
Limited Brands, Inc. 7,995 211,788
Tribune Co. 7,586 248,214
------------
Total Consumer Discretionary 1,753,674
--------------------------------------------------------------------------------
Consumer Staples--10.9%
Altria Group, Inc. 5,077 388,644
Anheuser-Busch Cos., Inc. 4,812 228,618
Coca-Cola Co. (The) 5,695 254,453
ConAgra Foods, Inc. 12,515 306,367
General Mills, Inc. 4,320 244,512
H.J. Heinz Co. Ltd. 6,809 285,501
Kellogg Co. 4,642 229,872
Kimberly-Clark Corp. 4,716 308,238
Kraft Foods, Inc. Class A 7,995 285,102
Reynolds American, Inc. 7,187 445,379
Sara Lee Corp. 19,463 312,770
------------
Total Consumer Staples 3,289,456
--------------------------------------------------------------------------------
Energy--2.1%
Chevron Corp. 4,319 280,130
Kinder Morgan, Inc. 3,332 349,361
------------
Total Energy 629,491
--------------------------------------------------------------------------------
Financials--36.6%
Allstate Corp. (The) 4,200 263,466
AmSouth Bancorp. 11,276 327,455
Archstone-Smith Trust 5,954 324,136
AvalonBay Communities, Inc. 2,152 259,101
Bank of America Corp. 7,776 416,560
Bank of New York Co., Inc. (The) 5,160 181,942
BB&T Corp. 7,988 349,715
Boston Properties, Inc. 2,446 252,770
Citigroup, Inc. 7,087 352,011
Comerica, Inc. 5,678 323,192
Equity Office Properties Trust 9,397 373,625
Equity Residential 6,547 331,147
Fifth Third Bancorp 7,941 302,393
Freddie Mac 4,005 265,652
General Growth Properties, Inc. 5,499 262,027
Host Hotels & Resorts, Inc. 9,768 223,980
JPMorgan Chase & Co. 6,354 298,384
KeyCorp 8,198 306,933
Kimco Realty Corp. 6,527 279,812
Lincoln National Corp. 8,853 549,593
Marsh & McLennan Cos., Inc. 6,281 176,810
Mellon Financial Corp. 5,202 203,398
National City Corp. 9,831 359,815
North Fork Bancorp., Inc. 9,535 273,082
PNC Financial Services Group, Inc. (The) 3,599 260,712
ProLogis 4,562 260,308
Public Storage, Inc. 2,467 212,137
Regions Financial Corp. 9,165 337,180
Simon Property Group, Inc. 3,473 314,723
SunTrust Banks, Inc. 3,717 287,250
Synovus Financial Corp. 8,472 248,823
U.S. Bancorp 11,397 378,608
UnionBanCal Corp. 2,772 168,815
Vornado Realty Trust 2,830 308,470
Wachovia Corp. 5,272 294,178
Washington Mutual, Inc. 8,952 389,143
Wells Fargo & Co. 8,192 296,387
------------
Total Financials 11,013,733
--------------------------------------------------------------------------------
Health Care--5.4%
Abbott Laboratories 5,297 257,222
Bristol-Myers Squibb Co. 14,498 361,290
Eli Lilly & Co. 4,186 238,602
Merck & Co., Inc. 9,776 409,615
Pfizer, Inc. 12,136 344,177
------------
Total Health Care 1,610,906
--------------------------------------------------------------------------------
Industrials--3.6%
3M Co. 2,600 193,492
Avis Budget Group, Inc. 1,171 21,418
General Electric Co. 6,600 232,980
Masco Corp. 6,677 183,083
Pitney Bowes, Inc. 5,639 250,202
Waste Management, Inc. 5,669 207,939
------------
Total Industrials 1,089,114
--------------------------------------------------------------------------------
Materials--8.6%
Dow Chemical Co. (The) 7,279 283,735
E.I. du Pont de Nemours & Co. 6,676 286,000
International Paper Co. 6,644 230,082
PPG Industries, Inc. 3,816 255,977
Rohm & Haas Co. 3,994 189,116
Southern Copper Corp. (a) 12,431 1,149,868
Weyerhaeuser Co. 3,104 190,989
------------
Total Materials 2,585,767
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 29
Schedule of Investments (unaudited) (concluded)
WisdomTree Dividend Top 100 Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Telecommunication Services--4.6%
ALLTEL Corp. 3,031 $ 168,221
AT&T Inc. 14,674 477,785
BellSouth Corp. 7,817 334,177
Verizon Communications, Inc. 11,131 413,294
------------
Total Telecommunication Services 1,393,477
--------------------------------------------------------------------------------
Utilities--21.5%
Ameren Corp. 8,176 431,611
American Electric Power Co., Inc. 10,243 372,538
Consolidated Edison, Inc. 9,753 450,588
Constellation Energy Group, Inc. 4,092 242,246
Dominion Resources, Inc. 4,636 354,608
Duke Energy Corp. 11,419 344,854
Edison International 5,108 212,697
Entergy Corp. 3,661 286,400
Exelon Corp. 4,614 279,332
FirstEnergy Corp. 5,949 332,311
FPL Group, Inc. 7,512 338,040
PG&E Corp. 6,978 290,634
PPL Corp. 10,024 329,790
Progress Energy, Inc. 10,069 456,930
Public Service Enterprise Group, Inc. 4,475 273,825
Sempra Energy 4,530 227,633
Southern Co. 11,321 390,122
TXU Corp. 6,524 407,880
Xcel Energy, Inc. 21,106 435,839
------------
Total Utilities 6,457,878
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $29,265,754) 29,823,496
================================================================================
SHORT-TERM INVESTMENT--0.6%
MONEY MARKET FUND--0.6%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $186,466) 186,466 186,466
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED -4.9%
MONEY MARKET FUNDS (c) - 4.9%
UBS Enhanced Yield Portfolio, 5.30% 900,000 900,000
UBS Private Money Market Fund LLC, 5.23% 577,500 577,500
------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED
(Cost: $1,477,500) (d) 1,477,500
================================================================================
TOTAL INVESTMENTS IN SECURITIES --104.6%
(Cost: $30,929,720) (e) 31,487,462
Liabilities in Excess of Cash and
Other Assets -- (4.6)% (1,403,699)
------------
NET ASSETS--100.0% $30,083,763
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $1,416,600 and the total market value of the collateral held by
the Fund was $1,477,500.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
30 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--98.9%
Consumer Discretionary--11.6%
Abercrombie & Fitch Co. Class A 625 $ 43,425
Advance Auto Parts, Inc. 364 11,990
American Eagle Outfitters, Inc. 869 38,088
Applebee's International, Inc. 350 7,529
Barnes & Noble, Inc. 497 18,856
Beazer Homes USA, Inc. 140 5,466
bebe stores, inc. 455 11,275
Belo Corp. Class A 1,058 16,727
Black & Decker Corp. (The) 800 63,480
Borders Group, Inc. 609 12,424
BorgWarner, Inc. 372 21,267
Boyd Gaming Corp. 518 19,912
Brinker International, Inc. 469 18,802
Brunswick Corp. 834 26,012
CBRL Group, Inc. 322 13,018
Choice Hotels International, Inc. 449 18,364
Circuit City Stores, Inc. 294 7,382
Claire's Stores, Inc. 595 17,350
Darden Restaurants, Inc. 855 36,312
Dillard's, Inc. Class A 259 8,477
Dollar General Corp. 2,060 28,078
Domino's Pizza, Inc. 651 16,698
Dow Jones & Co., Inc. 925 31,025
E.W. Scripps Co. (The) Class A 715 34,270
Family Dollar Stores, Inc. 1,408 41,170
Foot Locker, Inc. 1,345 33,961
Gentex Corp. 1,821 25,876
H&R Block, Inc. 4,398 95,613
Harte-Hanks, Inc. 413 10,883
Hasbro, Inc. 2,355 53,576
John Wiley & Sons, Inc. Class A 252 9,075
Jones Apparel Group, Inc. 897 29,099
KB Home 820 35,916
Leggett & Platt, Inc. 2,786 69,734
Lennar Corp. Class B 217 9,118
Liz Claiborne, Inc. 336 13,275
Mattel, Inc. 6,227 122,672
MDC Holdings, Inc. 399 18,534
Men's Wearhouse, Inc. (The) 168 6,251
Meredith Corp. 259 12,776
Michaels Stores, Inc. 806 35,093
New York Times Co. Class A 2,172 49,913
Newell Rubbermaid, Inc. 5,324 150,776
OfficeMax, Inc. 806 32,836
OSI Restaurant Partners, Inc. 511 16,204
PetSmart, Inc. 350 9,713
Phillips-Van Heusen Corp. 91 3,801
Polaris Industries, Inc. 546 22,468
Polo Ralph Lauren Corp. 190 12,291
Pool Corp. 231 8,894
RadioShack Corp. 1,016 19,609
Ross Stores, Inc. 679 17,253
Ruby Tuesday, Inc. 49 1,381
Ryland Group, Inc. (The) 182 7,864
Service Corp. International 2,201 20,557
ServiceMaster Co. (The) 5,709 63,998
Sherwin-Williams Co. (The) 1,576 87,909
Snap-On, Inc. 953 42,456
Speedway Motorsports, Inc. 210 7,646
Standard-Pacific Corp. 182 4,277
Stanley Works (The) 1,100 54,835
Station Casinos, Inc. 506 29,262
Thor Industries, Inc. 168 6,917
Tiffany & Co. 700 23,240
United Auto Group, Inc. 602 14,087
VF Corp. 1,379 100,598
Warner Music Group Corp. 2,053 53,275
Weight Watchers International, Inc. 785 34,807
Wendy's International, Inc. 744 49,848
Whirlpool Corp. 849 71,409
------------
Total Consumer Discretionary 2,166,973
--------------------------------------------------------------------------------
Consumer Staples--5.2%
Alberto-Culver Co. 553 27,976
Brown-Forman Corp. Class A 492 38,066
Brown-Forman Corp. Class B 569 43,614
Church & Dwight Co., Inc. 238 9,308
Corn Products International, Inc. 462 15,033
Del Monte Foods Co. 1,555 16,250
Estee Lauder Cos., Inc. (The) Class A 785 31,659
Flowers Foods, Inc. 469 12,607
Hormel Foods Corp. 1,317 47,386
J.M. Smucker Co. (The) 918 44,018
Loews Corp. 1,752 97,043
Longs Drug Stores Corp. 259 11,917
McCormick & Co., Inc. 1,450 55,071
Molson Coors Brewing Co. Class B 695 47,886
Pepsi Bottling Group, Inc. 1,998 70,929
PepsiAmericas, Inc. 1,562 33,333
Seaboard Corp. 7 8,435
Supervalu, Inc. 1,653 49,011
Tyson Foods, Inc. Class A 1,702 27,028
UST, Inc. 5,162 283,032
------------
Total Consumer Staples 969,602
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 31
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Energy--0.9%
Arch Coal, Inc. 315 $ 9,107
Cabot Oil & Gas Corp. 91 4,362
Cimarex Energy Co. 175 6,158
Consol Energy, Inc. 792 25,130
Foundation Coal Holdings, Inc. 126 4,079
Frontier Oil Corp. 168 4,465
Helmerich & Payne, Inc. 280 6,448
Holly Corp. 182 7,886
Massey Energy Co. 203 4,251
Overseas Shipholding Group, Inc. 418 25,819
Patterson-UTI Energy, Inc. 497 11,809
Pioneer Natural Resources Co. 406 15,883
Pogo Producing Co. 196 8,026
Range Resources Corp. 217 5,477
St. Mary Land & Exploration Co. 77 2,827
Tesoro Corp. 253 14,669
Tidewater, Inc. 364 16,085
W&T Offshore, Inc. 112 3,272
------------
Total Energy 175,753
--------------------------------------------------------------------------------
Financials--47.7%
AG Edwards, Inc. 693 36,923
Alexandria Real Estate Equities, Inc. 407 38,177
AMB Property Corp. 1,798 99,088
American Capital Strategies, Ltd. (a) 6,739 265,988
American Financial Group, Inc. 595 27,923
American National Insurance Co. 457 52,966
AmerUs Group Co. 169 11,494
Apartment Investment & Management Co.
Class A 2,870 156,157
Arthur J. Gallagher & Co. 2,397 63,928
Associated Banc-Corp 2,509 81,543
Assurant, Inc. 490 26,171
Astoria Financial Corp. 1,856 57,202
BancorpSouth, Inc. 1,450 40,252
Bank of Hawaii Corp. 813 39,154
BlackRock, Inc. 155 23,095
BOK Financial Corp. 329 17,305
Brandywine Realty Trust 2,793 90,912
BRE Properties, Inc. Class A 1,115 66,599
Brown & Brown, Inc. 483 14,760
Camden Property Trust 1,122 85,283
CapitalSource, Inc. 7,879 203,436
Capitol Federal Financial 2,674 95,087
Cathay General Bancorp 273 9,855
CBL & Associates Properties, Inc. 1,590 66,637
Cincinnati Financial Corp. 3,220 154,753
City National Corp. 632 42,382
Colonial BancGroup, Inc. (The) 2,439 59,756
Colonial Properties Trust 1,408 67,316
Commerce Bancorp, Inc. (a) 1,366 50,146
Commerce Bancshares, Inc. 729 36,866
Commerce Group, Inc. 1,331 39,997
Compass Bancshares, Inc. 2,394 136,410
Corporate Office Properties Trust 567 25,379
Corus Bankshares, Inc. 869 19,431
Cousins Properties, Inc. 1,289 44,097
Crescent Real Estate Equities Co. 4,194 91,471
Cullen/Frost Bankers, Inc. 723 41,804
Developers Diversified Realty Corp. 2,752 153,452
Downey Financial Corp. 113 7,519
Duke Realty Corp. 3,872 144,619
East West Bancorp, Inc. 168 6,654
Eaton Vance Corp. 1,086 31,342
Equity One, Inc. 2,137 51,224
Erie Indemnity Co. Class A 953 49,909
Essex Property Trust, Inc. 428 51,959
Federal Realty Investment Trust 926 68,802
Federated Investors Inc. Class B 946 31,984
Fidelity National Financial, Inc. 2,849 118,661
First American Corp. 1,016 43,017
First Citizens BancShares, Inc. Class A 50 9,555
First Horizon National Corp. 3,185 121,062
First Industrial Realty Trust, Inc. 1,674 73,656
First Marblehead Corp. (The) 484 33,522
First Midwest Bancorp, Inc. 855 32,396
First Niagara Financial Group, Inc. 1,949 28,416
FirstMerit Corp. 2,095 48,541
Forest City Enterprises, Inc. Class A 217 11,783
Fremont General Corp. 911 12,745
Fulton Financial Corp. 3,403 55,095
Global Signal, Inc. 1,709 86,441
Greenhill & Co., Inc. 183 12,265
HCC Insurance Holdings, Inc. 553 18,183
Health Care Property Investors, Inc. 4,742 147,239
Health Care REIT, Inc. 2,200 88,022
Healthcare Realty Trust, Inc. 1,940 74,515
Heritage Property Investment Trust, Inc. 1,464 53,377
Highwoods Properties, Inc. 1,569 58,382
Home Properties, Inc. 926 52,930
Hospitality Properties Trust 2,800 132,160
HRPT Properties Trust 8,727 104,288
Huntington Bancshares, Inc. 5,982 143,149
IndyMac Bancorp, Inc. 1,597 65,733
International Bancshares Corp. 813 24,130
Investors Financial Services Corp. 70 3,016
See Notes to Financial Statements.
32 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
iStar Financial, Inc. 5,289 $ 220,551
Janus Capital Group, Inc. 210 4,141
Jefferies Group, Inc. 700 19,950
Jones Lang LaSalle, Inc. 155 13,249
Kilroy Realty Corp. 492 37,067
KKR Financial Corp. 3,332 81,767
LaSalle Hotel Properties 665 28,821
Leucadia National Corp. 541 14,158
Liberty Property Trust 2,669 127,552
Macerich Co. (The) 1,602 122,329
Mack-Cali Realty Corp. 1,877 97,229
Maguire Properties, Inc. 1,156 47,095
Mercantile Bankshares Corp. 1,919 69,602
Mercury General Corp. 1,122 55,662
MGIC Investment Corp. 779 46,717
Mills Corp. (The) 2,926 48,893
National Financial Partners Corp. 224 9,191
Nationwide Financial Services, Inc. Class A 693 33,333
New Century Financial Corp. (a) 4,993 196,275
New Plan Excel Realty Trust, Inc. 2,926 79,148
New York Community Bancorp, Inc. 8,958 146,732
NewAlliance Bancshares, Inc. 967 14,167
Nuveen Investments, Inc. Class A 792 40,574
Ohio Casualty Corp. 413 10,684
Old Republic International Corp. 3,424 75,842
optionsXpress Holdings, Inc. 245 6,831
Pacific Capital Bancorp 700 18,879
Pan Pacific Retail Properties, Inc. 877 60,881
Pennsylvania Real Estate Investment Trust 1,093 46,529
People's Bank 2,200 87,142
Phoenix Cos., Inc. (The) 637 8,918
Plum Creek Timber Co., Inc. 4,629 157,571
PMI Group, Inc. (The) 231 10,120
Post Properties, Inc. 981 46,617
Protective Life Corp. 630 28,823
Radian Group, Inc. 85 5,100
Raymond James Financial, Inc. 700 20,468
Rayonier, Inc. 1,814 68,569
Realty Income Corp. 2,982 73,685
Reckson Associates Realty Corp. 1,772 75,842
Regency Centers Corp. 1,483 101,971
Reinsurance Group of America, Inc. 266 13,813
Safeco Corp. 1,517 89,397
SEI Investments Co. 315 17,700
Sky Financial Group, Inc. 2,172 54,083
SL Green Realty Corp. 604 67,467
South Financial Group, Inc. (The) 1,121 29,180
St. Joe Co. (The) (a) 441 24,198
Stancorp Financial Group, Inc. 364 16,245
Student Loan Corp. 232 44,586
Sunstone Hotel Investors, Inc. 1,373 40,806
Taubman Centers, Inc. 862 38,290
TCF Financial Corp. 2,772 72,876
TD Banknorth Inc. 3,963 114,451
Texas Regional Bancshares, Inc. Class A 595 22,878
Thornburg Mortgage, Inc. (a) 6,234 158,780
Torchmark Corp. 478 30,167
Transatlantic Holdings, Inc. 396 23,922
Trizec Properties, Inc. 2,842 82,162
Trustmark Corp. 855 26,873
UCBH Holdings, Inc. 343 5,989
United Bankshares, Inc. 679 25,272
United Dominion Realty Trust, Inc. 3,417 103,193
Unitrin, Inc. 1,499 66,211
UnumProvident Corp. 2,537 49,192
Valley National Bancorp 2,312 59,118
Ventas, Inc. 2,870 110,610
Waddell & Reed Financial, Inc. Class A 1,254 31,037
Washington Federal, Inc. 1,660 37,250
Webster Financial Corp. 630 29,679
Weingarten Realty Investors 2,376 102,216
Wesco Financial Corp. 36 15,732
Westamerica Bancorp. 448 22,628
Whitney Holding Corp. 1,114 39,848
Wilmington Trust Corp. 1,086 48,381
Zenith National Insurance Corp. 497 19,825
------------
Total Financials 8,922,216
--------------------------------------------------------------------------------
Health Care--2.2%
Applera Corp. 658 21,786
Bausch & Lomb, Inc. 252 12,633
Beckman Coulter, Inc. 421 24,233
Brookdale Senior Living, Inc. 1,387 64,386
C.R. Bard, Inc. 485 36,375
Cooper Cos., Inc. (The) 28 1,498
Dade Behring Holdings, Inc. 287 11,526
DENTSPLY International, Inc. 479 14,423
Health Management Associates, Inc. Class A 1,541 32,207
Hillenbrand Industries, Inc. 811 46,211
IMS Health, Inc. 532 14,172
Manor Care, Inc. 658 34,400
Medicis Pharmaceutical Corp. Class A 112 3,623
Mentor Corp. 406 20,458
Mylan Laboratories, Inc. 1,240 24,961
Omnicare, Inc. 112 4,826
PerkinElmer, Inc. 876 16,583
Pharmaceutical Product Development, Inc. 189 6,745
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
STERIS Corp. 252 $ 6,063
Universal Health Services, Inc. Class B 268 16,061
------------
Total Health Care 413,170
--------------------------------------------------------------------------------
Industrials--7.2%
Actuant Corp. Class A 21 1,052
Acuity Brands, Inc. 392 17,797
Adesa, Inc. 581 13,427
Alexander & Baldwin, Inc. 483 21,431
American Power Conversion Corp. 1,954 42,910
Ametek, Inc. 217 9,450
Aramark Corp. Class B 651 21,392
Avery Dennison Corp. 1,795 108,004
Brady Corp. Class A 364 12,798
Briggs & Stratton Corp. 743 20,470
Brink's Co. (The) 85 4,510
Carlisle Cos., Inc. 232 19,511
Cintas Corp. 792 32,337
Clarcor, Inc. 224 6,830
Con-way, Inc. 260 11,653
Crane Co. 427 17,849
Cummins, Inc. 330 39,346
Donaldson Co., Inc. 448 16,531
DRS Technologies, Inc. 49 2,140
Equifax, Inc. 322 11,821
Fastenal Co. 736 28,388
Florida East Coast Industries, Inc. 173 9,875
GATX Corp. 595 24,615
Goodrich Corp. 1,296 52,513
Graco, Inc. 504 19,686
Granite Construction Inc. 196 10,457
Harsco Corp. 400 31,060
Heartland Express, Inc. 203 3,183
Herman Miller, Inc. 385 13,171
HNI Corp. 364 15,135
Hubbell, Inc. Class B 771 36,931
IDEX Corp. 287 12,355
IKON Office Solutions, Inc. 862 11,585
JB Hunt Transport Services, Inc. 1,317 27,354
JLG Industries, Inc. 42 832
Kennametal, Inc. 287 16,259
Knight Transportation, Inc. 196 3,322
Laidlaw International, Inc. 1,275 34,846
Landstar System, Inc. 77 3,288
Lennox International, Inc. 602 13,786
Lincoln Electric Holdings, Inc. 365 19,874
Manitowoc Co., Inc. (The) 210 9,406
Manpower, Inc. 499 30,574
MSC Industrial Direct Co., Inc. Class A 273 11,122
Nordson Corp. 252 10,045
Oshkosh Truck Corp. 266 13,425
Pall Corp. 1,016 31,303
Pentair, Inc. 799 20,926
Republic Services, Inc. 1,044 41,979
Robert Half International, Inc. 813 27,618
Roper Industries, Inc. 238 10,648
RR Donnelley & Sons Co. 3,984 131,312
Ryder System, Inc. 583 30,129
Simpson Manufacturing Co., Inc. (a) 203 5,487
Skywest, Inc. 140 3,433
SPX Corp. 667 35,644
Teleflex, Inc. 336 18,695
Timken Co. (The) 1,002 29,840
Toro Co. (The) 182 7,675
Trinity Industries, Inc. 224 7,206
W.W. Grainger, Inc. 681 45,641
Wabtec Corp. 35 950
Walter Industries, Inc. 56 2,390
Watsco, Inc. 176 8,098
------------
Total Industrials 1,353,320
--------------------------------------------------------------------------------
Information Technology--1.6%
Acxiom Corp. 385 9,494
Adtran, Inc. 609 14,519
Amphenol Corp. Class A 200 12,386
AVX Corp. 841 14,877
CDW Corp. 343 21,156
Diebold, Inc. 820 35,694
Factset Research Systems, Inc. 126 6,120
Fair Isaac Corp. 77 2,816
Global Payments, Inc. 70 3,081
Harris Corp. 525 23,357
Intersil Corp. Class A 560 13,748
Jack Henry & Associates, Inc. 504 10,972
Molex, Inc. 350 13,640
Molex, Inc. Class A 329 10,827
MoneyGram International, Inc. 252 7,323
National Instruments Corp. 336 9,186
Plantronics, Inc. 154 2,700
Reynolds & Reynolds Co. (The) Class A 553 21,849
Sabre Holdings Corp. Class A 1,289 30,150
Symbol Technologies, Inc. 273 4,057
Tektronix, Inc. 315 9,113
Total System Services, Inc. 1,366 31,186
------------
Total Information Technology 308,251
--------------------------------------------------------------------------------
See Notes to Financial Statements.
34 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Materials--6.8%
Airgas, Inc. 273 $ 9,874
Albemarle Corp. 399 21,678
Allegheny Technologies, Inc. 459 28,545
Aptargroup, Inc. 294 14,959
Ashland, Inc. 653 41,648
Ball Corp. 546 22,086
Bemis Co. 1,457 47,877
Bowater, Inc. 876 18,019
Cabot Corp. 686 25,519
Carpenter Technology Corp. 113 12,149
Celanese Corp. Series A 693 12,405
Chemtura Corp. 2,369 20,539
Cleveland-Cliffs, Inc. 224 8,537
Commercial Metals Co. 504 10,246
Cytec Industries, Inc. 175 9,728
Eagle Materials, Inc. 322 10,845
Eastman Chemical Co. 1,618 87,403
Florida Rock Industries, Inc. 406 15,716
FMC Corp. 281 18,004
International Flavors & Fragrances, Inc. 1,128 44,601
Louisiana-Pacific Corp. 1,345 25,246
Lubrizol Corp. 960 43,901
Lyondell Chemical Co. 6,494 164,752
Martin Marietta Materials, Inc. 246 20,817
MeadWestvaco Corp. 3,529 93,553
Packaging Corp. of America 2,669 61,921
Quanex Corp. 231 7,011
Reliance Steel & Aluminum Co. 198 6,364
RPM International, Inc. 2,439 46,317
Scotts Miracle-Gro Co. (The) Class A 427 18,997
Sealed Air Corp. 490 26,519
Sigma-Aldrich Corp. 513 38,819
Sonoco Products Co. 1,548 52,075
Steel Dynamics, Inc. 239 12,058
Temple-Inland, Inc. 1,436 57,584
United States Steel Corp. 435 25,091
Valhi, Inc. 1,513 35,177
Valspar Corp. (The) 925 24,605
Westlake Chemical Corp. 119 3,809
Worthington Industries, Inc. 1,723 29,394
------------
Total Materials 1,274,388
--------------------------------------------------------------------------------
Telecommunication Services--1.3%
CenturyTel, Inc. 427 16,939
Citizens Communications Co. 14,409 202,302
Telephone & Data Systems, Inc. 273 11,493
Telephone & Data Systems, Inc. Special Shares 329 13,440
------------
Total Telecommunication Services 244,174
--------------------------------------------------------------------------------
Utilities--14.4%
AGL Resources, Inc. 1,842 67,233
Alliant Energy Corp. 2,488 88,896
Aqua America Inc. (a) 1,142 25,055
Atmos Energy Corp. 2,235 63,809
CenterPoint Energy, Inc. 9,084 130,083
DPL, Inc. 2,730 74,038
DTE Energy Co. 5,310 220,419
Energen Corp. 532 22,275
Energy East Corp. 4,089 96,991
Equitable Resources, Inc. 1,590 55,618
Great Plains Energy, Inc. 2,558 79,349
Hawaiian Electric Industries, Inc. 2,137 57,827
KeySpan Corp. 4,623 190,191
MDU Resources Group, Inc. 2,354 52,588
National Fuel Gas Co. 1,723 62,631
Nicor, Inc. 1,198 51,226
NiSource, Inc. 7,201 156,550
Northeast Utilities 3,199 74,441
NSTAR 2,606 86,936
OGE Energy Corp. 2,411 87,061
ONEOK, Inc. 2,347 88,693
Piedmont Natural Gas Co., Inc. (a) 1,758 44,495
Pinnacle West Capital Corp. 2,947 132,762
PNM Resources, Inc. 1,429 39,398
Puget Energy, Inc. 3,178 72,236
Questar Corp. 653 53,396
SCANA Corp. 2,863 115,293
Southern Union Co. 1,037 27,387
TECO Energy, Inc. 5,709 89,346
UGI Corp. 1,956 47,824
Vectren Corp. 2,032 54,559
Westar Energy, Inc. 2,425 57,012
Wisconsin Energy Corp. 1,555 67,083
WPS Resources Corp. 1,065 52,856
------------
Total Utilities 2,685,557
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $17,630,825) 18,513,404
================================================================================
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 35
Schedule of Investments (unaudited) (concluded)
WisdomTree MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
SHORT-TERM INVESTMENT--0.8%
MONEY MARKET FUND--0.8%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $143,253) 143,253 $ 143,253
================================================================================
INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED--3.1%
MONEY MARKET FUNDS (c)--3.1%
AIM Prime Portfolio, 5.22% 15,600 15,600
UBS Enhanced Yield Portfolio, 5.30% 200,000 200,000
UBS Private Money Market Fund LLC, 5.23% 371,150 371,150
------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED
(Cost: $586,750) (d) 586,750
================================================================================
TOTAL INVESTMENTS IN SECURITIES-- 102.8%
(Cost: $18,360,828) (e) 19,243,407
Liabilities in Excess of Cash
and Other Assets -- (2.8) % (530,957)
------------
NET ASSETS--100.0% $18,712,450
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $563,760 and the total market value of the collateral held by the
Fund was $586,750.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
36 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS--98.6%
Consumer Discretionary--11.6%
Aaron Rents, Inc. 187 $ 4,297
Advo, Inc. 938 26,245
Aldila, Inc. 209 3,229
Ambassadors Group, Inc. 605 17,110
American Axle & Manufacturing Holdings, Inc. 3,869 64,574
American Greetings Corp. Class A 1,906 44,067
Ameristar Casinos, Inc. 1,763 38,275
Arbitron, Inc. 795 29,423
Arctic Cat, Inc. 319 5,295
ArvinMeritor, Inc. 4,101 58,398
Bandag, Inc. 638 26,184
Bandag, Inc. Class A 759 26,375
Bassett Furniture Industries, Inc. 1,026 16,662
Big 5 Sporting Goods Corp. 704 16,051
Blair Corp. 242 6,244
Blyth, Inc. 1,950 47,444
Bob Evans Farms, Inc. 1,257 38,062
Bon-Ton Stores, Inc. (The) 99 2,944
Books-A-Million, Inc. (a) 993 17,725
Brookfield Homes Corp. (a) 462 13,010
Brown Shoe Co., Inc. 550 19,712
Buckle, Inc. (The) 704 26,710
Building Material Holding Corp. 704 18,318
Cadmus Communications Corp. 286 4,273
Callaway Golf Co. 2,701 35,410
Carmike Cinemas, Inc. 770 13,229
Catalina Marketing Corp. 1,345 36,988
Cato Corp. (The) Class A 1,444 31,638
CBS Corp. Class A 3,737 105,458
Cherokee, Inc. 1,136 41,589
Christopher & Banks Corp. 539 15,890
Churchill Downs, Inc. 374 15,730
Citadel Broadcasting Corp. 15,854 149,028
CKE Restaurants, Inc. 1,191 19,914
Coachmen Industries, Inc. 715 7,729
Collegiate Pacific, Inc. 198 1,936
Cooper Tire & Rubber Co. (a) 3,891 39,143
Courier Corp. 286 10,622
CPI Corp. 657 31,891
CSS Industries, Inc. 330 9,808
Cutter & Buck, Inc. 539 5,212
DEB Shops, Inc. 528 13,538
Delta Apparel, Inc. 165 3,219
Dover Downs Gaming & Entertainment, Inc. 342 4,155
Entercom Communications Corp. 3,947 99,464
Escalade, Inc. 506 5,060
Ethan Allen Interiors, Inc. 1,224 42,424
Finish Line Class A 561 7,080
Fred's, Inc. 528 6,663
Frisch's Restaurants, Inc. 231 5,553
Furniture Brands International, Inc. (a) 2,811 53,521
Gray Television, Inc. 1,334 8,551
Group 1 Automotive, Inc. 689 34,381
Handleman Co. 1,455 11,043
Haverty Furniture Cos., Inc. 737 11,755
Hearst-Argyle Television, Inc. 1,334 30,615
IHOP Corp. 943 43,708
International Speedway Corp. Class A 77 3,838
Jackson Hewitt Tax Service, Inc. 770 23,108
Journal Communications, Inc. Class A 1,994 22,472
Journal Register Co. 572 3,243
Kellwood Co. 1,136 32,751
Kenneth Cole Productions, Inc. Class A 682 16,620
Kimball International, Inc. Class B 2,291 44,216
K-Swiss, Inc. Class A 374 11,242
Landry's Restaurants, Inc. 264 7,960
La-Z-Boy Inc. (a) 2,899 40,470
Lee Enterprises, Inc. 1,829 46,164
Levitt Corp. Class A 143 1,682
Lifetime Brands, Inc. 242 4,482
Lithia Motors, Inc. Class A 473 11,693
Lone Star Steakhouse & Saloon, Inc. 1,301 36,129
M/I Homes, Inc. 66 2,333
Marcus Corp. 715 16,424
Marine Products Corp. 1,499 14,570
Matthews International Corp. Class A 363 13,362
McClatchy Co. Class A 660 27,845
Media General, Inc. Class A 960 36,211
Modine Manufacturing Co. 1,719 41,823
Monaco Coach Corp. 1,158 12,900
Monro Muffler, Inc. 165 5,612
Movado Group, Inc. 341 8,668
National Presto Industries, Inc. 351 19,400
Nautilus, Inc. (a) 1,906 26,208
Noble International Ltd. 484 6,055
Oakley, Inc. 1,411 24,058
Orleans Homebuilders, Inc. 154 1,806
Oxford Industries, Inc. 451 19,352
PEP Boys-Manny, Moe & Jack (The) 2,093 26,895
Pier 1 Imports, Inc. 6,482 48,096
Pre-Paid Legal Services, Inc. (a) 1,114 44,192
Reader's Digest Association, Inc. (The) 5,699 73,859
Regal Entertainment Group Class A (a) 8,965 177,686
Regis Corp. 462 16,563
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 37
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Russ Berrie & Co., Inc. 1,191 $ 18,151
Sauer-Danfoss, Inc. 2,536 60,813
Sinclair Broadcast Group, Inc. Class A 5,038 39,548
Skyline Corp. 308 11,769
Sonic Automotive, Inc. 1,136 26,230
Spartan Motors, Inc. 528 9,942
Stage Stores, Inc. 187 5,487
Standard Motor Products, Inc. 1,620 19,424
Stanley Furniture Co., Inc. 286 6,095
Stein Mart, Inc. 1,367 20,792
Stewart Enterprises, Inc. Class A 4,002 23,452
Stride Rite Corp. 1,323 18,469
Sturm Ruger & Co., Inc. 2,921 22,609
Sun-Times Media Group, Inc. Class A 3,925 25,827
Superior Industries International, Inc. (a) 1,906 32,002
Talbots, Inc. 2,082 56,735
Tarragon Corp. 308 3,206
Technical Olympic USA, Inc. 385 3,785
Triarc Cos., Inc. Class A 905 15,014
Triarc Cos., Inc. Class B 2,335 35,305
Tuesday Morning Corp. 3,108 43,139
Tupperware Brands Corp. 5,622 109,404
Unifirst Corp. 88 2,749
Value Line, Inc. 703 32,767
Westwood One, Inc. 6,747 47,769
Weyco Group, Inc. 242 5,414
Winnebago Industries, Inc. (a) 839 26,328
Wolverine World Wide, Inc. 1,598 45,239
World Wrestling Entertainment, Inc. 2,745 45,100
Xerium Technologies, Inc. 9,097 100,795
Yankee Candle Co., Inc. 861 25,201
------------
Total Consumer Discretionary 3,431,120
--------------------------------------------------------------------------------
Consumer Staples--3.7%
Alico, Inc. 417 24,399
American Italian Pasta Co. Class A (a) 4,794 37,297
Andersons Inc. (The) 154 5,259
Arden Group, Inc. Class A 77 8,963
Cal-Maine Foods, Inc. 308 2,042
Casey's General Stores, Inc. 861 19,174
Chiquita Brands International, Inc. 1,972 26,385
Coca-Cola Bottling Co. Consolidated 384 23,800
Delta & Pine Land Co. 1,543 62,492
Farmer Bros. Co. 660 13,556
Imperial Sugar Co. 176 5,477
Ingles Markets, Inc. Class A 971 25,615
Inter Parfums, Inc. 363 6,912
J&J Snack Foods Corp. 363 11,289
Lancaster Colony Corp. 2,043 91,445
Lance, Inc. 1,862 41,001
Mannatech, Inc. (a) 1,059 18,765
MGP Ingredients, Inc. 319 6,785
Nash Finch Co. 693 16,306
Nu Skin Enterprises, Inc. Class A 3,471 60,812
Pilgrim's Pride Corp. 605 16,547
Premium Standard Farms, Inc. 938 17,869
Reddy Ice Holdings, Inc. 3,240 78,408
Reliv' International, Inc. 209 1,881
Ruddick Corp. 1,862 48,468
Sanderson Farms, Inc. (a) 927 29,998
Spartan Stores, Inc. 704 11,898
Tootsie Roll Industries, Inc. 806 23,624
Topps Co., Inc. (The) 1,576 14,121
Universal Corp. 2,613 95,453
Vector Group Ltd. (a) 9,532 154,609
WD-40 Co. 1,026 36,597
Weis Markets, Inc. 1,521 60,536
------------
Total Consumer Staples 1,097,783
--------------------------------------------------------------------------------
Energy--0.9%
Adams Resources & Energy, Inc. 121 4,217
Alon USA Energy, Inc. 660 19,463
Barnwell Industries, Inc. 154 2,986
Berry Petroleum Co. Class A 693 19,515
CARBO Ceramics, Inc. 374 13,475
Crosstex Energy, Inc. 867 77,656
Gulf Island Fabrication, Inc. 385 10,045
Lufkin Industries, Inc. 329 17,411
Maritrans, Inc. 473 17,312
MarkWest Hydrocarbon, Inc. 561 15,708
NGP Capital Resources Co. 1,774 25,883
Panhandle Royalty Co. Class A 121 2,178
Penn Virginia Corp. 329 20,862
RPC, Inc. 1,235 22,625
World Fuel Services Corp. 220 8,899
------------
Total Energy 278,235
--------------------------------------------------------------------------------
Financials--58.5%
1st Source Corp. 921 27,188
1st State Bancorp., Inc. 462 11,998
21st Century Holding Co. (a) 451 8,325
21st Century Insurance Group 3,770 56,362
Abington Community Bancorp, Inc. (a) 506 7,600
Acadia Realty Trust 2,159 55,055
Advance America, Cash Advance Centers, Inc. 5,468 78,849
Advanta Corp. Class A 275 9,342
Advanta Corp. Class B 605 22,325
Affirmative Insurance Holdings, Inc. 187 2,740
See Notes to Financial Statements.
38 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Agree Realty Corp. 1,015 $ 33,343
Alabama National Bancorp. 890 60,743
Alfa Corp. 4,068 70,254
AMCORE Financial, Inc. 1,257 38,075
American Bancorp of New Jersey, Inc. 451 5,344
American Campus Communities, Inc. 1,939 49,464
American Equity Investment Life Holding Co. 330 4,049
American Financial Realty Trust 26,082 291,075
American First Apartment Investors, Inc. 1,653 27,605
American Home Mortgage Investment Corp. 12,571 438,350
American Land Lease, Inc. 616 14,630
American Mortgage Acceptance Co. 1,796 32,400
American River Bankshares 253 6,274
Ameris Bancorp 671 18,258
Anchor Bancorp Wisconsin, Inc. 993 28,360
Annaly Mortgage Management, Inc. 9,725 127,787
Anthracite Capital, Inc. 12,604 162,087
Anworth Mortgage Asset Corp. 993 8,292
Apollo Investment Corp. 17,290 354,618
Arbor Realty Trust, Inc. 3,847 98,329
Ares Capital Corp. 6,791 118,299
Arrow Financial Corp. 818 20,744
Ashford Hospitality Trust, Inc. 7,838 93,507
Associated Estates Realty Corp. 2,236 34,591
Asta Funding, Inc. 143 5,361
Baldwin & Lyons, Inc. Class B 396 9,591
BancFirst Corp. 611 28,546
Bancorp Rhode Island, Inc. 297 13,142
BancTrust Financial Group, Inc. 572 15,953
Bank Mutual Corp. 3,185 38,634
Bank of Granite Corp. 963 16,881
Bank of the Ozarks, Inc. 396 13,413
BankAtlantic Bancorp, Inc. Class A 1,301 18,500
BankUnited Financial Corp. Class A 55 1,434
Banner Corp. 561 23,023
Berkshire Hills Bancorp, Inc. 297 10,570
Beverly Hills Bancorp, Inc. 2,181 17,797
BioMed Realty Trust, Inc. 3,980 120,753
BKF Capital Group, Inc. 693 2,703
BNP Residential Properties, Inc. 1,400 33,250
Boston Private Financial Holdings, Inc. 715 19,934
Bristol West Holdings, Inc. 960 13,968
Brooke Corp. 1,587 20,631
Brookline Bancorp, Inc. 2,932 40,315
BRT Realty Trust 1,389 39,406
Bryn Mawr Bank Corp. 374 8,265
BWC Financial Corp. 99 4,107
Cadence Financial Corp. 770 15,608
Calamos Asset Management, Inc. Class A 484 14,191
Camden National Corp. 374 15,035
Capital Bank Corp. 385 6,764
Capital City Bank Group, Inc. 737 22,921
Capital Corp of the West 121 3,753
Capital Lease Funding, Inc. 4,354 48,286
Capital Southwest Corp. 142 16,919
Capital Trust, Inc. Class A 2,569 104,635
Capitol Bancorp Ltd. 838 37,291
Capstead Mortgage Corp. 473 4,082
Cardinal Financial Corp. 154 1,688
Cash America International, Inc. 209 8,168
Cedar Shopping Centers, Inc. 3,693 59,716
Center Bancorp, Inc. 883 14,481
Center Financial Corp. 231 5,493
CentraCore Properties Trust 1,752 55,626
Central Pacific Financial Corp. 1,510 55,236
CFS Bancorp, Inc. 828 12,246
Charter Financial Corp. 2,038 81,500
Chemical Financial Corp. 1,862 55,264
Chittenden Corp. 2,536 72,758
Citizens Banking Corp. 3,958 103,937
Citizens First Bancorp, Inc. 231 5,881
City Holding Co. 1,191 47,485
Clark, Inc. 770 8,678
Clifton Savings Bancorp, Inc. 1,235 13,857
CoBiz, Inc. 473 10,813
Cogdell Spencer Inc. 1,103 22,887
Cohen & Steers, Inc. 1,400 45,304
Columbia Banking System, Inc. 539 17,253
Commercial Bankshares, Inc. 297 10,594
Commercial Capital Bancorp, Inc. 2,723 43,405
Commonwealth Bankshares 87 2,368
Community Bancorp, Inc. 176 7,195
Community Bank System, Inc. 2,203 48,818
Community Banks, Inc. 2,844 76,219
Community Trust Bancorp, Inc. 993 37,386
Consolidated-Tomoka Land Co. 66 4,235
Crawford & Co. Class B 2,137 14,510
CVB Financial Corp. 2,789 41,194
Delphi Financial Group, Inc. Class A 715 28,514
Delta Financial Corp. 927 8,491
Desert Community Bank 88 1,592
DiamondRock Hospitality Co. 7,409 123,063
Digital Realty Trust, Inc. 2,225 69,687
Dime Community Bancshares 3,119 45,943
Direct General Corp. 418 5,626
Donegal Group, Inc. Class A 473 9,564
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 39
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Eagle Hospitality Properties Trust, Inc. 2,624 $ 24,403
EastGroup Properties, Inc. 2,086 104,008
Education Realty Trust, Inc. 4,453 65,726
EMC Insurance Group, Inc. 682 19,669
Entertainment Properties Trust 3,850 189,882
Equity Inns, Inc. 5,545 88,276
Equity Lifestyle Properties, Inc. 340 15,541
Extra Space Storage, Inc. 5,941 102,839
FBL Financial Group, Inc. Class A 817 27,345
FelCor Lodging Trust, Inc. 3,704 74,265
Feldman Mall Properties, Inc. 2,027 22,358
Fidelity Bankshares, Inc. 517 20,168
Fidelity National Title Group, Inc. Class A 3,438 72,060
Fidelity Southern Corp. 363 6,630
Fieldstone Investment Corp. 17,301 151,038
Financial Federal Corp. 806 21,601
Financial Institutions, Inc. 418 9,764
First Bancorp 993 20,237
First Busey Corp. 1,411 32,044
First Charter Corp. 2,060 49,564
First Commonwealth Financial Corp. 7,088 92,357
First Community Bancorp 1,025 57,349
First Community Bancshares, Inc. 795 26,529
First Defiance Financial Corp. 572 16,319
First Financial Bancorp 3,306 52,598
First Financial Bankshares, Inc. 1,312 50,053
First Financial Corp. 817 26,070
First Financial Holdings, Inc. 795 27,205
First Indiana Corp. 1,059 27,545
First Merchants Corp. 1,389 32,850
First Place Financial Corp. 737 16,700
First Potomac Realty Trust 1,950 58,929
First Republic Bank 759 32,303
First Security Group, Inc. 341 3,928
First United Corp. 440 9,381
Firstbank Corp. 506 11,992
FirstBank NW Corp. 275 7,656
Flag Financial Corp. 495 12,395
Flagstar Bancorp, Inc. 5,446 79,239
Flushing Financial Corp. 1,059 18,533
FNB Corp./PA 6,857 114,238
FNB Corp./VA 374 13,468
FNB Financial Services Corp. 462 6,815
FNB United Corp. 407 7,582
Forest City Enterprises, Inc. Class B 362 19,591
Franklin Street Properties Corp. 7,607 151,075
Friedman, Billings, Ramsey Group, Inc.
Class A (a) 29,775 239,093
Frontier Financial Corp. 2,067 53,618
GAMCO Investors, Inc. Class A 33 1,256
Gateway Financial Holdings, Inc. 154 2,199
GB&T Bancshares, Inc. 429 9,030
German American Bancorp, Inc. 993 14,011
Getty Realty Corp. 3,350 98,088
Glacier Bancorp, Inc. 1,444 49,341
Gladstone Capital Corp. (a) 1,851 40,741
Gladstone Investment Corp. 1,994 29,112
Glenborough Realty Trust Inc. 4,508 115,991
Glimcher Realty Trust 5,368 133,019
GMH Communities Trust 6,724 84,857
Government Properties Trust, Inc. 2,822 25,454
Gramercy Capital Corp. 3,969 100,058
Great American Financial Resources, Inc. 517 10,821
Great Southern Bancorp, Inc. 583 16,382
Greater Bay Bancorp 2,470 69,679
Greene County Bancshares, Inc. 341 12,467
Hancock Holding Co. 1,294 69,294
Hanmi Financial Corp. 1,411 27,656
Harbor Florida Bancshares, Inc. 1,759 77,941
Harleysville Group, Inc. 1,565 54,759
Harleysville National Corp. 2,093 42,069
Heartland Financial USA, Inc. 550 14,124
Hercules Technology Growth Capital, Inc. 2,256 28,944
Heritage Commerce Corp. 198 4,582
Heritage Financial Corp. 374 9,739
Hersha Hospitality Trust 3,251 31,210
Highland Hospitality Corp. 6,449 92,414
Hilb Rogal & Hobbs Co. 872 37,191
HMN Financial, Inc. 264 9,177
Home Federal Bancorp 220 6,105
Home Federal Bancorp, Inc. 528 8,210
HomeBanc Corp. 15,722 96,690
Horace Mann Educators Corp. 2,082 40,037
Horizon Financial Corp. 495 14,781
IBERIABANK Corp. 418 25,498
IMPAC Mortgage Holdings, Inc. (a) 17,199 161,155
Independence Holding Co. 66 1,436
Independent Bank Corp./MA 660 21,463
Independent Bank Corp./MI 1,389 33,725
Infinity Property & Casualty Corp. 319 13,120
Inland Real Estate Corp. 8,622 151,057
Innkeepers USA Trust 3,295 53,676
Integra Bank Corp. 1,059 26,772
Interchange Financial Services Corp. 927 20,969
International Securities Exchange, Inc. 643 30,150
Investors Real Estate Trust 6,945 67,783
Irwin Financial Corp. 1,411 27,599
See Notes to Financial Statements.
40 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
ITLA Capital Corp. 219 $ 11,773
JER Investors Trust Inc. 4,420 75,847
Kearny Financial Corp. 2,291 34,777
K-Fed Bancorp 693 11,088
Kite Realty Group Trust 2,910 49,586
KNBT Bancorp, Inc. 1,092 17,559
Lakeland Bancorp, Inc. 1,237 17,664
Lakeland Financial Corp. 517 12,155
LandAmerica Financial Group, Inc. 496 32,632
Leesport Financial Corp. 319 7,401
Legacy Bancorp, Inc. 176 2,737
Lexington Corporate Properties Trust (a) 8,025 169,970
LNB Bancorp, Inc. 528 9,053
Longview Fibre Co. 4,705 95,606
LTC Properties, Inc. 3,119 75,636
Luminent Mortgage Capital, Inc. 2,192 22,556
Macatawa Bank Corp. 675 15,451
MAF Bancorp, Inc. 1,686 69,615
MainSource Financial Group, Inc. 927 15,731
MB Financial, Inc. 1,237 45,608
MBT Financial Corp. 1,499 22,245
MCG Capital Corp. 13,784 225,093
Medallion Financial Corp. 1,774 19,567
Medical Properties Trust, Inc. 6,735 90,182
Mercantile Bancorp 165 3,597
Mercantile Bank Corp. 209 8,266
Merchants Bancshares, Inc. 627 14,863
MetroCorp Bancshares, Inc. 210 4,765
MFA Mortgage Investments, Inc. 5,468 40,737
Mid-America Apartment Communities, Inc. 2,169 132,786
Midland Co. (The) 286 12,390
Mid-State Bancshares 1,191 32,586
Midwest Banc Holdings, Inc. 883 21,563
Mission West Properties, Inc. 2,181 24,885
Monmouth REIT Class A 2,998 23,984
MortgageIT Holdings, Inc. 5,765 81,171
Municipal Mortgage & Equity LLC 6,150 174,722
MVC Capital, Inc. 1,620 20,995
Nara Bancorp, Inc. 341 6,237
National Health Investors, Inc. 4,552 128,958
National Health Realty, Inc. 1,444 28,750
National Penn Bancshares, Inc. (a) 3,225 63,275
National Retail Properties, Inc. 6,746 145,714
Nationwide Health Properties, Inc. 10,508 280,984
NBT Bancorp, Inc. 2,437 56,685
Netbank, Inc. 1,125 6,806
Newcastle Investment Corp. 9,958 272,949
Newkirk Realty Trust, Inc. 3,715 61,223
NorthStar Realty Finance Corp. 6,537 83,020
Northwest Bancorp, Inc. 2,811 71,681
NovaStar Financial, Inc. (a) 11,842 345,668
NYMAGIC, Inc. 154 4,882
Oak Hill Financial, Inc. 297 7,354
OceanFirst Financial Corp. 894 19,176
Odyssey Re Holdings Corp. (a) 861 29,085
Old National Bancorp 5,688 108,641
Old Second Bancorp, Inc. 462 13,842
Omega Financial Corp. 1,004 30,190
Omega Healthcare Investors, Inc. 8,147 122,286
One Liberty Properties, Inc. 1,433 32,099
Opteum, Inc. Class A 2,602 20,946
Origen Financial, Inc. 2,181 12,366
Pacific Continental Corp. 440 8,008
Park National Corp. 1,124 112,501
Parkway Properties, Inc. 1,946 90,470
Partners Trust Financial Group, Inc. 2,591 27,750
Patriot Capital Funding, Inc. 2,437 32,461
Peapack-Gladstone Financial Corp. 396 9,690
Pennfed Financial Services, Inc. 418 7,010
Peoples Bancorp, Inc. 605 17,684
PFF Bancorp, Inc. 1,059 39,225
Placer Sierra Bancshares 550 12,216
PMC Commercial Trust 2,049 28,686
Potlatch Corp. 3,836 142,316
Preferred Bank 296 17,751
Presidential Life Corp. 1,004 22,459
PrivateBancorp, Inc. 506 23,134
Prospect Energy Corp. 1,125 17,483
Prosperity Bancshares, Inc. 795 27,062
Provident Bankshares Corp. 2,236 82,844
Provident Financial Holdings, Inc. 264 7,957
Provident Financial Services, Inc. 2,976 55,086
Provident New York Bancorp 1,433 19,603
Prudential Bancorp, Inc. of Pennsylvania 319 4,201
PS Business Parks, Inc. 1,036 62,471
Public Storage, Inc. Class A 1,708 46,663
Pulaski Financial Corp. 396 6,514
Rainier Pacific Financial Group, Inc. 209 3,804
RAIT Investment Trust 5,225 150,741
Ramco-Gershenson Properties Trust 2,159 68,980
Redwood Trust, Inc. 3,558 179,216
Renasant Corp. 844 23,691
Republic Bancorp, Inc. 5,930 79,047
Republic Bancorp, Inc. Class A 616 13,028
Republic Cos. Group, Inc. 839 16,696
Resource America, Inc. Class A 462 9,610
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 41
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Riverview Bancorp, Inc. 638 $ 8,613
RLI Corp. 769 39,058
Rome Bancorp, Inc. 539 6,926
Royal Bancshares of Pennsylvania Class A 1,037 28,092
S&T Bancorp, Inc. 1,807 58,728
S.Y. Bancorp, Inc. 671 19,909
Safety Insurance Group, Inc. 615 29,926
Sanders Morris Harris Group, Inc. 462 5,780
Sandy Spring Bancorp, Inc. 737 26,060
Saul Centers, Inc. 1,389 62,505
Saxon Capital, Inc. 20,862 292,902
SCBT Financial Corp. 374 13,988
Seacoast Banking Corp. of Florida 759 22,922
Security Bank Corp. 374 8,456
Selective Insurance Group, Inc. 1,091 57,398
Senior Housing Properties Trust 11,004 234,825
Sierra Bancorp (a) 429 13,406
Simmons First National Corp. Class A 660 19,147
Sizeler Property Investors, Inc. 1,268 19,058
Southern Community Financial Corp. 495 4,811
Southside Bancshares, Inc. 550 14,680
Southwest Bancorp, Inc. 462 11,929
Sovran Self Storage, Inc. 1,773 98,490
Spirit Finance Corp. 12,228 141,967
State Auto Financial Corp. 938 28,656
State Bancorp, Inc. 938 19,191
State National Bancshares, Inc. 385 14,626
Sterling Bancorp 1,499 29,470
Sterling Bancshares, Inc. 1,532 31,023
Sterling Financial Corp./PA 1,598 35,140
Sterling Financial Corp./WA 627 20,334
Stewart Information Services Corp. 594 20,653
Strategic Hotels & Resorts, Inc. 5,060 100,593
Suffolk Bancorp 572 18,258
Summit Bancshares, Inc. 451 12,682
Summit Bank Corp. 407 9,512
Sun Communities, Inc. 2,789 89,136
Susquehanna Bancshares, Inc. 3,781 92,408
SWS Group, Inc. 638 15,880
Synergy Financial Group, Inc. 341 5,490
Tanger Factory Outlet Centers, Inc. 2,503 89,157
Taylor Capital Group, Inc. 143 4,226
Technology Investment Capital Corp. 3,460 50,620
Texas United Bancshares, Inc. 297 9,798
Thomas Properties Group, Inc. 550 7,068
TIB Financial Corp. 198 6,322
TierOne Corp. 275 9,331
Tompkins Trustco, Inc. 660 29,997
Tower Group, Inc. 187 6,236
Trico Bancshares 583 14,429
TrustCo Bank Corp. 8,532 92,487
Trustreet Properties Inc. 12,703 158,915
UMB Financial Corp. 1,323 48,382
UMH Properties, Inc. 1,378 21,290
Umpqua Holdings Corp. 1,928 55,141
Union Bankshares Corp. 374 16,576
United Community Financial Corp. 2,005 24,702
United Fire & Casualty Co. 748 23,412
United Security Bancshares (a) 495 11,157
Universal Health Realty Income Trust 1,565 56,105
Univest Corp. of Pennsylvania (a) 839 24,239
Urstadt Biddle Properties, Inc. Class A 2,038 37,030
USB Holding Co., Inc. 1,158 25,545
U-Store-It Trust 7,121 152,817
Vineyard National Bancorp 220 5,711
Virginia Financial Group, Inc. 513 14,087
Washington Real Estate Investment Trust 4,057 161,469
Washington Trust Bancorp, Inc. 781 20,704
WesBanco, Inc. 1,532 44,765
West Bancorp, Inc. 1,225 20,960
West Coast Bancorp 484 14,781
Westfield Financial, Inc. 517 16,425
Willow Grove Bancorp, Inc. 872 13,656
Wilshire Bancorp, Inc. 671 12,776
Windrose Medical Properties Trust 2,291 40,505
Winston Hotels, Inc. 3,064 37,748
Wintrust Financial Corp. 318 15,948
WSFS Financial Corp. 66 4,105
Yardville National Bancorp 286 10,199
------------
Total Financials 17,350,426
--------------------------------------------------------------------------------
Health Care--1.6%
Alpharma, Inc. Class A 616 14,408
Analogic Corp. 272 13,959
Arrow International, Inc. 2,016 64,129
Cambrex Corp. 363 7,518
Chemed Corp. 231 7,452
Clinical Data, Inc. 132 1,847
CNS, Inc. 341 9,626
Computer Programs & Systems, Inc. 671 21,989
Datascope Corp. 220 7,363
Invacare Corp. 110 2,587
LCA-Vision Inc. 505 20,862
Meridian Bioscience, Inc. 960 22,570
National Healthcare Corp. 407 21,868
Option Care, Inc. 407 5,450
Owens & Minor, Inc. 1,587 52,196
See Notes to Financial Statements.
42 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Perrigo Co. 2,104 $ 35,705
PolyMedica Corp. 704 30,138
Utah Medical Products, Inc. 187 5,999
Valeant Pharmaceuticals International 3,936 77,854
Vital Signs, Inc. 219 12,398
West Pharmaceutical Services, Inc. 960 37,699
Young Innovations, Inc. 88 3,164
------------
Total Health Care 476,781
--------------------------------------------------------------------------------
Industrials--6.5%
A.O. Smith Corp. 583 22,988
AAON, Inc. 451 10,287
ABM Industries, Inc. 2,448 45,923
Aceto Corp. 1,081 7,610
Administaff, Inc. 396 13,345
Alamo Group, Inc. 220 5,003
Albany International Corp. Class A 583 18,551
Ambassadors International, Inc. 517 16,332
American Ecology Corp. 1,136 22,425
American Woodmark Corp. 121 4,076
Ameron International Corp. 371 24,649
Ampco-Pittsburgh Corp. 429 13,269
Angelica Corp. 440 7,484
Apogee Enterprises, Inc. 927 14,100
Applied Industrial Technologies, Inc. 1,290 31,476
Applied Signal Technology, Inc. 638 9,468
Arkansas Best Corp. 839 36,102
Badger Meter, Inc. 308 7,759
Baldor Electric Co. 1,356 41,804
Banta Corp. 842 40,079
Barnes Group, Inc. 2,280 40,037
BlueLinx Holdings, Inc. 2,060 19,611
Bowne & Co., Inc. 927 13,238
Bucyrus International, Inc. Class A 209 8,866
C&D Technologies, Inc. 319 2,265
Cascade Corp. 418 19,082
CDI Corp. 605 12,530
Central Parking Corp. 253 4,175
CIRCOR International, Inc. 176 5,377
Comfort Systems USA, Inc. 905 10,371
Cubic Corp. 440 8,615
Curtiss-Wright Corp. 682 20,699
Deluxe Corp. 6,757 115,544
EDO Corp. 165 3,775
ElkCorp. 253 6,869
Ennis, Inc. 1,752 37,931
Federal Signal Corp. 1,356 20,679
Forward Air Corp. 517 17,108
Franklin Electric Co., Inc. 576 30,609
Freightcar America, Inc. 55 2,915
G&K Services, Inc. Class A 77 2,805
Gorman-Rupp Co. (The) 539 17,625
Greenbrier Cos., Inc. 264 7,659
Hardinge Inc. 143 1,902
Healthcare Services Group Inc. 1,004 25,261
Heico Corp. 55 1,887
Heico Corp. Class A 88 2,556
Horizon Lines, Inc. Class A 2,470 41,249
Hubbell, Inc. Class A 528 23,549
Insteel Industries, Inc. 154 3,060
International Aluminum Corp. 264 9,860
Interpool, Inc. 971 21,809
John H. Harland Co. 894 32,586
Kaman Corp. 1,026 18,478
Kaydon Corp. 726 26,877
Kelly Services, Inc. Class A 1,026 28,123
Knoll, Inc. 2,159 43,611
Lawson Products 385 16,139
Lindsay Manufacturing Co. 220 6,325
LSI Industries, Inc. 1,224 19,890
McGrath Rentcorp 1,158 29,645
Met-Pro Corp. 462 6,066
Mine Safety Appliances Co. 1,048 37,351
Mueller Industries, Inc. 894 31,442
Multi-Color Corp. 88 2,530
NACCO Industries, Inc. Class A 241 32,754
Pacer International, Inc. 1,488 41,307
Portec Rail Products, Inc. 308 2,957
Preformed Line Products Co. 286 10,222
PW Eagle, Inc. (a) 264 7,923
Quixote Corp. 275 4,901
Raven Industries, Inc. 363 10,894
Regal-Beloit Corp. 817 35,540
Robbins & Myers, Inc. 319 9,863
Rollins, Inc. 1,840 38,842
Schawk, Inc. 275 5,011
Standard Register Co. (The) 3,097 40,880
Standex International Corp. 715 19,934
Steelcase Inc. Class A 3,251 51,007
Sun Hydraulics Corp. 451 9,250
Synagro Technologies, Inc. 12,748 53,796
Sypris Solutions, Inc. 506 4,225
Tennant Co. 812 19,764
Titan International, Inc. 44 796
Todd Shipyards Corp. 220 3,973
Tredegar, Corp. 839 14,045
Twin Disc, Inc. 176 5,745
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 43
Schedule of Investments (unaudited) (continued)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
UAP Holding Corp. 3,814 $ 81,504
United Industrial Corp. 259 13,857
Universal Forest Products, Inc. 142 6,965
Valmont Industries, Inc. 646 33,754
Viad Corp. 220 7,790
Vicor Corp. 396 4,570
Wabash National Corp. 616 8,433
Waste Industries USA, Inc. 220 5,947
Watts Water Technologies, Inc. Class A 539 17,119
Werner Enterprises, Inc. 1,510 28,252
Woodward Governor Co. 894 29,985
------------
Total Industrials 1,913,116
--------------------------------------------------------------------------------
Information Technology--1.9%
Agilysys, Inc. 528 7,413
American Software, Inc. Class A 1,730 11,851
Bel Fuse, Inc. Class B 110 3,530
Belden CDT, Inc. 682 26,073
Black Box Corp. 187 7,278
Blackbaud, Inc. 1,246 27,400
Cognex Corp. 1,103 27,862
Cohu, Inc. 550 9,807
CTS Corp. 693 9,550
Daktronics, Inc. 220 4,552
Frequency Electronics, Inc. 264 3,424
Gevity HR, Inc. 850 19,363
Imation Corp. 850 34,127
Integral Systems, Inc. 176 5,502
Inter-Tel, Inc. 850 18,360
Keithley Instruments, Inc. 297 3,787
Landauer, Inc. 818 41,513
MAXIMUS, Inc. 517 13,494
Methode Electronics, Inc. 1,488 14,151
MTS Systems Corp. 407 13,162
Park Electrochemical Corp. 473 14,985
QAD, Inc. 938 7,579
Renaissance Learning, Inc. (a) 726 10,389
Richardson Electronics Ltd. 528 4,768
Spectralink Corp.* 726 5,960
Startek, Inc. 1,939 24,179
Syntel, Inc. 1,136 25,730
Talx Corp. 396 9,710
Technitrol, Inc. 1,290 38,506
TheStreet.com, Inc. 759 8,076
United Online, Inc. 8,554 104,187
X-Rite, Inc. 341 3,662
------------
Total Information Technology 559,930
--------------------------------------------------------------------------------
Materials--3.9%
A. Schulman, Inc. 1,565 36,793
AMCOL International Corp. 982 24,462
American Vanguard Corp. 253 3,542
Arch Chemicals, Inc. 1,367 38,891
Balchem Corp. 99 1,959
Calgon Carbon Corp.*(a) 918 4,058
CF Industries Holdings, Inc. 561 9,576
Chesapeake Corp. 2,723 38,966
Compass Minerals International, Inc. 3,372 95,460
Deltic Timber Corp. 208 9,913
Empire Resources, Inc. (a) 154 1,355
Ferro Corp. 2,635 46,850
Georgia Gulf Corp. 916 25,117
Gibraltar Industries, Inc. 440 9,759
Great Northern Iron Ore Properties 263 27,194
Greif, Inc. Class A 417 33,406
H.B. Fuller Co. 1,213 28,433
Hawkins, Inc. 627 8,916
Kronos Worldwide, Inc. 3,493 100,562
MacDermid, Inc. 495 16,147
Metal Management, Inc. 528 14,700
Minerals Technologies, Inc. 219 11,695
Myers Industries, Inc. 949 16,133
Neenah Paper, Inc. 396 13,555
NewMarket Corp. 396 23,031
NL Industries, Inc. (a) 4,950 49,203
NN, Inc. 927 10,966
Olin Corp. 5,831 89,564
Olympic Steel, Inc. 88 2,188
P.H. Glatfelter Co. 1,884 25,528
Penford Corp. 286 4,330
Quaker Chemical Corp. 839 16,319
Rock-Tenn Co. Class A 1,906 37,739
Royal Gold, Inc. (a) 308 8,356
Ryerson, Inc. 418 9,150
Schnitzer Steel Industries, Inc. Class A 77 2,429
Schweitzer-Mauduit International, Inc. 839 15,924
Sensient Technologies Corp. 3,328 65,129
Silgan Holdings, Inc. 960 36,058
Spartech Corp. 1,444 38,656
Steel Technologies, Inc. 341 6,694
Stepan Co. 572 16,720
Texas Industries, Inc. 318 16,555
Tronox, Inc. Class A 462 5,891
Wausau Paper Corp. 2,657 35,870
Wellman, Inc. 2,225 8,878
------------
Total Materials 1,142,620
--------------------------------------------------------------------------------
See Notes to Financial Statements.
44 WisdomTree Trust Domestic Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Telecommunication Services--2.4%
Alaska Communications Systems Group, Inc. 6,416 $ 85,140
Commonwealth Telephone Enterprises, Inc. 2,756 113,630
Consolidated Communications Holdings, Inc. 6,163 115,310
CT Communications, Inc. 1,213 26,346
D&E Communications, Inc. 1,389 17,515
FairPoint Communications, Inc. 8,745 152,164
Hector Communications Corp. 121 4,364
HickoryTech Corp. 1,620 11,340
Iowa Telecommunications Services, Inc. 5,765 114,089
North Pittsburgh Systems, Inc. 1,059 26,655
Shenandoah Telecommunications Co. 165 7,173
SureWest Communications 1,312 25,545
Warwick Valley Telephone Co. 429 8,623
------------
Total Telecommunication Services 707,894
--------------------------------------------------------------------------------
Utilities--7.6%
ALLETE, Inc. 2,114 91,853
American States Water Co. 872 33,354
Avista Corp. 2,855 67,606
Black Hills Corp. 2,800 94,108
California Water Service Group 1,015 37,484
Cascade Natural Gas Corp. 1,213 31,647
Central Vermont Public Service Corp. 1,158 25,603
CH Energy Group, Inc. 1,608 82,764
Chesapeake Utilities Corp. 473 14,214
Cleco Corp. 4,376 110,450
Connecticut Water Service, Inc. 572 12,630
Duquesne Light Holdings, Inc. 10,266 201,830
Empire District Electric Co. (The) 3,273 73,250
EnergySouth, Inc. 462 15,593
Green Mountain Power Corp. 440 14,683
IDACORP, Inc. 3,383 127,911
ITC Holdings Corp. 2,888 90,106
Laclede Group, Inc. (The) 1,906 61,144
MGE Energy, Inc. 1,851 59,935
Middlesex Water Co. 905 17,403
New Jersey Resources Corp. 1,982 97,713
Northwest Natural Gas Co. 2,324 91,287
NorthWestern Corp. 3,064 107,179
Ormat Technologies, Inc. 209 6,838
Otter Tail Corp. 2,569 75,118
Pennichuck Corp. 231 4,280
Peoples Energy Corp. 5,082 206,582
SJW Corp. 828 24,765
South Jersey Industries, Inc. 2,071 61,944
Southwest Gas Corp. 2,525 84,133
Southwest Water Co. (a) 638 7,803
UIL Holdings Corp. 2,921 109,538
UniSource Energy Corp. 2,082 69,393
Unitil Corp. 649 15,771
York Water Co. 579 11,013
------------
Total Utilities 2,236,925
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $28,393,810) 29,194,830
================================================================================
SHORT-TERM INVESTMENT--0.8%
MONEY MARKET FUND--0.8%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $239,034) 239,034 239,034
================================================================================
INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED--5.6%
MONEY MARKET FUNDS (c)--5.6%
AIM Liquid Assets Portfolio, 5.21% 64,600 64,600
AIM Prime Portfolio, 5.22% 82,909 82,909
UBS Enhanced Yield Portfolio, 5.30% 900,000 900,000
UBS Private Money Market Fund LLC, 5.23% 606,000 606,000
------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED (Cost: $1,653,509) (d) 1,653,509
================================================================================
TOTAL INVESTMENTS IN SECURITIES--105.0%
(Cost: $30,286,353) (e) 31,087,373
Liabilities in Excess of Cash
and Other Assets -- (5.0) % (1,469,625)
------------
NET ASSETS--100.0% $29,617,748
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $1,562,928 and the total market value of the collateral held by
the Fund was $1,653,509.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 45
Statements of Assets and Liabilities (unaudited)
WisdomTree Domestic Equity Funds
September 30, 2006
====================================================================================================================================
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: $ 47,564,221 $ 56,398,059 $ 116,226,196 $ 30,929,720 $ 18,360,828 $ 30,286,353
------------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value
(including securities on loan) (Note 2): 49,527,520 58,509,734 120,311,196 31,487,462 19,243,407 31,087,373
Cash 15,471 32,336 342,725 5,458 14,952 50,036
Receivables:
Capital shares sold -- -- 2,744,664 2,745,256 -- 2,718,979
Dividends and interest 70,081 127,752 165,014 59,893 45,830 115,315
------------------------------------------------------------------------------------------------------------------------------------
Total Assets 49,613,072 58,669,822 123,563,599 34,298,069 19,304,189 33,971,703
====================================================================================================================================
LIABILITIES:
------------------------------------------------------------------------------------------------------------------------------------
Payables:
Investment securities purchased -- -- 2,733,334 2,730,186 -- 2,693,037
Collateral for securities on loan
(Note 2) 497,150 879,100 16,630,205 1,477,500 586,750 1,653,509
Investment advisory fees (Note 3) 7,821 12,770 21,006 6,620 4,989 7,409
------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 504,971 891,870 19,384,545 4,214,306 591,739 4,353,955
====================================================================================================================================
NET ASSETS $ 49,108,101 $ 57,777,952 $ 104,179,054 $ 30,083,763 $ 18,712,450 $ 29,617,748
====================================================================================================================================
NET ASSETS:
------------------------------------------------------------------------------------------------------------------------------------
Paid-in capital $ 46,513,164 $ 54,866,337 $ 98,944,888 $ 28,660,280 $ 17,692,316 $ 28,564,948
Undistributed net investment income 210,309 318,557 420,155 153,895 128,538 274,553
Accumulated net realized gain (loss)
on investments 421,329 481,383 729,011 711,846 9,017 (22,773)
Net unrealized appreciation on
investments 1,963,299 2,111,675 4,085,000 557,742 882,579 801,020
------------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 49,108,101 $ 57,777,952 $ 104,179,054 $ 30,083,763 $ 18,712,450 $ 29,617,748
====================================================================================================================================
Beneficial interest shares of
$0.001 par value (unlimited number of
shares authorized) 900,100 1,050,100 1,900,100 550,100 350,100 550,100
====================================================================================================================================
Net asset value per share $ 54.56 $ 55.02 $ 54.83 $ 54.69 $ 53.45 $ 53.84
====================================================================================================================================
See Notes to Financial Statements.
46 WisdomTree Trust Domestic Equity Funds
Statements of Operations (unaudited)
WisdomTree Domestic Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
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 $ 229,993 $ 347,609 $ 459,427 $ 167,885 $ 140,558 $ 286,316
Interest 1,567 1,479 3,511 1,734 950 1,585
Securities lending income (Note 2) 500 1,188 2,593 1,693 527 3,442
------------------------------------------------------------------------------------------------------------------------------------
Total investment income 232,060 350,276 465,531 171,312 142,035 291,343
====================================================================================================================================
EXPENSES:
Investment advisory fees (Note 3) 21,751 31,719 45,376 17,417 13,497 16,790
Trustee fees 3,655 3,655 3,655 3,655 3,655 3,655
Chief compliance officer fees 2,083 2,083 2,083 2,083 2,083 2,083
Legal fees 1,501 1,501 1,501 1,501 1,501 1,501
Miscellaneous fees 416 242 358 199 284 521
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 29,406 39,200 52,973 24,855 21,020 24,550
Expense reimbursements (Note 3) (7,655) (7,481) (7,597) (7,438) (7,523) (7,760)
====================================================================================================================================
Net expenses 21,751 31,719 45,376 17,417 13,497 16,790
====================================================================================================================================
Net investment income 210,309 318,557 420,155 153,895 128,538 274,553
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions 7,400 2,970 25,747 28,603 9,017 (22,773)
In-kind redemptions 413,929 478,413 703,264 683,243 -- --
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain (loss) 421,329 481,383 729,011 711,846 9,017 (22,773)
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation
on investments 1,963,299 2,111,675 4,085,000 557,742 882,579 801,020
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain
on investments 2,384,628 2,593,058 4,814,011 1,269,588 891,596 778,247
====================================================================================================================================
NET INCREASE IN NET ASSETS RESULTING
FROM OPERATIONS $ 2,594,937 $ 2,911,615 $ 5,234,166 $ 1,423,483 $ 1,020,134 $1,052,800
====================================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree Trust Domestic Equity Funds 47
Statements of Changes in Net Assets (unaudited)
WisdomTree Domestic Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
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
------------------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
------------------------------------------------------------------------------------------------------------------------------------
OPERATIONS:
Net investment income $ 210,309 $ 318,557 $ 420,155 $ 153,895 $ 128,538 $ 274,553
Net realized gain (loss) on
investments 421,329 481,383 729,011 711,846 9,017 (22,773)
Net change unrealized appreciation on
investments 1,963,299 2,111,675 4,085,000 557,742 882,579 801,020
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting
from operations 2,594,937 2,911,615 5,234,166 1,423,483 1,020,134 1,052,800
====================================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 54,364,655 62,796,607 109,434,947 49,645,724 17,692,316 28,564,948
Cost of shares redeemed (7,851,491) (7,930,270) (10,490,059) (20,985,444) -- --
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets from
capital share transactions 46,513,164 54,866,337 98,944,888 28,660,280 17,692,316 28,564,948
====================================================================================================================================
Net Increase in Net Assets 49,108,101 57,777,952 104,179,054 30,083,763 18,712,450 29,617,748
====================================================================================================================================
NET ASSETS:
Beginning of period -- -- -- -- -- --
End of period $ 49,108,101 $ 57,777,952 $104,179,054 $ 30,083,763 $18,712,450 $29,617,748
====================================================================================================================================
Undistributed net investment income
included in net assets at end of
period $ 210,309 $ 318,557 $ 420,155 $ 153,895 $ 128,538 $ 274,553
====================================================================================================================================
SHARES CREATED AND REDEEMED:
Shares created 1,050,100 1,200,100 2,100,100 950,100 350,100 550,100
Shares redeemed (150,000) (150,000) (200,000) (400,000) -- --
------------------------------------------------------------------------------------------------------------------------------------
Net increase in shares outstanding 900,100 1,050,100 1,900,100 550,100 350,100 550,100
====================================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
48 WisdomTree Trust Domestic Equity Funds
Financial Highlights (unaudited)
WisdomTree Domestic Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Total Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.32
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.37
Net realized and unrealized gain 3.87
--------------------------------------------------------------------------------
Total from investment operations 4.24
--------------------------------------------------------------------------------
Net asset value, end of period $ 54.56
================================================================================
TOTAL RETURN:(3) 8.43%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 49,108
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.28%(4)
Expenses, prior to expense reimbursements 0.38%(4)
Net investment income 2.71%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 1%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree High-Yielding Equity Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.01
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.53
Net realized and unrealized gain 4.48
--------------------------------------------------------------------------------
Total from investment operations 5.01
--------------------------------------------------------------------------------
Net asset value, end of period $ 55.02
================================================================================
TOTAL RETURN:(3) 10.02%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 57,778
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4)
Expenses, prior to expense reimbursements 0.47%(4)
Net investment income 3.82%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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.
WisdomTree Trust Domestic Equity Funds 49
Financial Highlights (unaudited) (continued)
WisdomTree Domestic Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree LargeCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.34
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.35
Net realized and unrealized gain 4.14
--------------------------------------------------------------------------------
Total from investment operations 4.49
--------------------------------------------------------------------------------
Net asset value, end of period $ 54.83
================================================================================
TOTAL RETURN:(3) 8.92%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 104,179
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.28%(4)
Expenses, prior to expense reimbursements 0.33%(4)
Net investment income 2.59%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 1%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Dividend Top 100 Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.12
Investment operations:
Net investment income(2) 0.51
Net realized and unrealized gain 4.06
--------------------------------------------------------------------------------
Total from investment operations 4.57
--------------------------------------------------------------------------------
Net asset value, end of period $ 54.69
================================================================================
TOTAL RETURN:(3) 9.12%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 30,084
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4)
Expenses, prior to expense reimbursements 0.54%(4)
Net investment income 3.36%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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.
See Notes to Financial Statements.
50 WisdomTree Trust Domestic Equity Funds
Financial Highlights (unaudited) (concluded)
WisdomTree Domestic Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree MidCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.21
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.51
Net realized and unrealized gain 2.73
--------------------------------------------------------------------------------
Total from investment operations 3.24
--------------------------------------------------------------------------------
Net asset value, end of period $ 53.45
================================================================================
TOTAL RETURN:(3) 6.45%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 18,712
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4)
Expenses, prior to expense reimbursements 0.59%(4)
Net investment income 3.62%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 1%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree SmallCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.24
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.84
Net realized and unrealized gain 2.76
--------------------------------------------------------------------------------
Total from investment operations 3.60
--------------------------------------------------------------------------------
Net asset value, end of period $ 53.84
================================================================================
TOTAL RETURN:(3) 7.17%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 29,618
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.38%(4)
Expenses, prior to expense reimbursements 0.56%(4)
Net investment income 6.21%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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.
WisdomTree Trust Domestic Equity Funds 51
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, 2006, the Trust offered
20 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006.
These financial statements relate only to the WisdomTree Dividend Top 100 Fund
("Dividend Top 100 Fund"), WisdomTree High-Yielding Equity Fund ("High-Yielding
Equity Fund"), WisdomTree LargeCap Dividend Fund ("LargeCap Dividend Fund"),
WisdomTree MidCap Dividend Fund ("MidCap Dividend Fund"), WisdomTree SmallCap
Dividend Fund ("SmallCap Dividend Fund"), and WisdomTree Total Dividend Fund
("Total Dividend Fund"), together the "Domestic Equity 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. Each Index consists of dividend paying
securities in the market suggested by its name that meet specific criteria
developed by WisdomTree Investments, Inc. ("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.
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 - 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. 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 (the "NAV Calculation
Time"). NAV per share is calculated by dividing a Fund's net assets by the
number of Fund shares outstanding. Unlisted equity securities are valued at 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, Inc. ("WTA") 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 WTA. Pursuant to a separate contractual
arrangement WTA has agreed to pay 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 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
52 WisdomTree Trust Domestic Equity Funds
Notes to Financial Statements (unaudited) (continued)
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) 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 following distributions from net investment income were declared on October
4, 2006, and paid on October 10, 2006 to shareholders of record on October 6,
2006:
=========================================================
Net Investment
Fund Income
---------------------------------------------------------
Total Dividend Fund $ 201,558
---------------------------------------------------------
High-Yielding Equity Fund 229,667
---------------------------------------------------------
LargeCap Dividend Fund 416,717
---------------------------------------------------------
Dividend Top 100 Fund 147,905
---------------------------------------------------------
MidCap Dividend Fund 110,164
---------------------------------------------------------
SmallCap Dividend Fund 240,696
---------------------------------------------------------
(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.
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees - WTA provides investment management services to each Fund pursuant
to an Investment Advisory Agreement between the Trust and WTA. As compensation
for services rendered, facilities furnished, and expenses borne by WTA, each
Fund pays WTA 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 (bps)
---------------------------------------------------------
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%
---------------------------------------------------------
WisdomTree Trust Domestic Equity Funds 53
Notes to Financial Statements (unaudited) (continued)
For the period ended September 30, 2006, the advisory expense reimbursements
were as follows:
==========================================================
Advisory Expense
Fund Reimbursements
----------------------------------------------------------
Total Dividend Fund $7,655
----------------------------------------------------------
High-Yielding Equity Fund 7,481
----------------------------------------------------------
LargeCap Dividend Fund 7,597
----------------------------------------------------------
Dividend Top 100 Fund 7,438
----------------------------------------------------------
MidCap Dividend Fund 7,523
----------------------------------------------------------
SmallCap Dividend Fund 7,760
----------------------------------------------------------
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2006, there were an unlimited number of $0.001 par value
capital shares of beneficial interest authorized by the Trust. Capital 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 capital 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
pay 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 transactions and
short-term investments) for the period ended September 30, 2006 were as follows:
================================================================================
Fund Purchases Sales
--------------------------------------------------------------------------------
Total Dividend Fund $307,595 $233,966
--------------------------------------------------------------------------------
High-Yielding Equity Fund 451,376 319,507
--------------------------------------------------------------------------------
LargeCap Dividend Fund 599,424 432,340
--------------------------------------------------------------------------------
Dividend Top 100 Fund 403,418 397,620
--------------------------------------------------------------------------------
MidCap Dividend Fund 161,533 161,600
--------------------------------------------------------------------------------
SmallCap Dividend Fund 223,348 190,106
--------------------------------------------------------------------------------
For the period ended September 30, 2006, the cost of in-kind purchases and the
proceeds from in-kind sales were as follows:
================================================================================
Fund Purchases Sales
--------------------------------------------------------------------------------
Total Dividend Fund $ 54,108,780 $ 7,809,113
--------------------------------------------------------------------------------
High-Yielding Equity Fund 62,513,898 7,891,098
--------------------------------------------------------------------------------
LargeCap Dividend Fund 109,059,263 10,445,524
--------------------------------------------------------------------------------
Dividend Top 100 Fund 49,373,461 20,825,352
--------------------------------------------------------------------------------
MidCap Dividend Fund 17,621,875 --
--------------------------------------------------------------------------------
SmallCap Dividend Fund 28,383,341 --
--------------------------------------------------------------------------------
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
54 WisdomTree Trust Domestic Equity Funds
Notes to Financial Statements (unaudited) (concluded)
6. FEDERAL INCOME TAXES
At September 30, 2006, the aggregate gross unrealized appreciation and
depreciation of investments for Federal income tax purposes were substantially
the same as for book purposes, as indicated below:
===================================================================================================
Tax Cost Gross Gross Net
(Including Securities Unrealized Unrealized Unrealized
Fund on Loan) Appreciation Depreciation Appreciation
---------------------------------------------------------------------------------------------------
Total Dividend Fund $ 47,564,221 $2,122,913 $(159,614) $1,963,299
---------------------------------------------------------------------------------------------------
High-Yielding Equity Fund 56,398,059 2,245,573 (133,898) 2,111,675
---------------------------------------------------------------------------------------------------
LargeCap Dividend Fund 116,226,196 4,675,878 (590,878) 4,085,000
---------------------------------------------------------------------------------------------------
Dividend Top 100 Fund 30,929,720 683,451 (125,709) 557,742
---------------------------------------------------------------------------------------------------
MidCap Dividend Fund 18,360,828 1,020,468 (137,889) 882,579
---------------------------------------------------------------------------------------------------
SmallCap Dividend Fund 30,286,353 1,123,432 (322,412) 801,020
---------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On July 13, 2006, the Financial Accounting Standards Board ("FASB") released
FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" ("FIN
48"). FIN 48 provides guidance for how uncertain tax positions should be
recognized, measured, presented and disclosed in the financial statements. FIN
48 requires the evaluation of tax positions taken or expected to be taken in the
course of preparing the Fund's tax returns to determine whether the tax
positions are "more-likely-than-not" of being sustained by the applicable tax
authority. Tax positions not deemed to meet the more-likely-than-not threshold
would be recorded as a tax benefit or expense in the current year. Adoption of
FIN 48 is required for fiscal years beginning after December 15, 2006 and is to
be applied to all open tax years as of the effective date. At this time,
management is evaluating the implications of FIN 48 and its impact in the
financial statements has not yet been determined.
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. At this time, management is evaluating the implications
of FAS 157 and its impact in the financial statements has not yet been
determined.
8. SUBSEQUENT EVENT
Effective October 13, 2006, the Trust added ten international sector ETFs. Each
ETF focuses on a specific industry sector consisting of only international
equity securities. Each has an expense ratio of 0.58% and represents the
international sector specified in its name:
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 Trust Domestic Equity Funds 55
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 (generally 4:15
p.m.) 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. The
gap in time between the calculation of per share NAV and market price (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between a Fund's NAV and the market price of its shares. Other factors that
contribute to such differences are the supply and demand for Fund shares and
investors' assessments of the underlying value of a Fund's portfolio securities.
========================================================================================================================
Market Price Above or Equal to Market Price Below
Net Asset Value Net Asset Value
------------------------------ --------------------------
Basis Point Number Percentage of Number Percentage of
Differential* of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree Total Dividend Fund 0-24.9 24 33.80% 44 61.97%
---------------------------------------------------------------------------------
25-49.9 1 1.41% 2 2.82%
---------------------------------------------------------------------------------
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 25 35.21% 46 64.79%
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree High-Yielding Equity Fund 0-24.9 36 50.70% 34 47.89%
---------------------------------------------------------------------------------
25-49.9 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
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 37 52.11% 34 47.89%
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree LargeCap Dividend Fund 0-24.9 33 46.48% 31 43.66%
---------------------------------------------------------------------------------
25-49.9 4 5.63% 2 2.82%
---------------------------------------------------------------------------------
50-74.9 0 0.00% 0 0.00%
---------------------------------------------------------------------------------
75-100.0 0 0.00% 0 0.00%
---------------------------------------------------------------------------------
>100.0 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
Total 38 53.52% 33 46.48%
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree Dividend Top 100 Fund 0-24.9 35 49.30% 29 40.84%
---------------------------------------------------------------------------------
25-49.9 4 5.63% 2 2.82%
---------------------------------------------------------------------------------
50-74.9 0 0.00% 0 0.00%
---------------------------------------------------------------------------------
75-100.0 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
>100.0 0 0.00% 0 0.00%
---------------------------------------------------------------------------------
Total 40 56.34% 31 43.66%
------------------------------------------------------------------------------------------------------------------------
56 WisdomTree Trust Domestic Equity Funds
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
========================================================================================================================
Market Price Above or Equal to Market Price Below
Net Asset Value Net Asset Value
------------------------------ --------------------------
Basis Point Number Percentage of Number Percentage of
Differential* of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree MidCap Dividend Fund 0-24.9 20 28.17% 39 54.93%
---------------------------------------------------------------------------------
25-49.9 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
50-74.9 2 2.81% 0 0.00%
---------------------------------------------------------------------------------
75-100.0 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
>100.0 8 11.27% 0 0.00%
---------------------------------------------------------------------------------
Total 32 45.07% 39 54.93%
------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree SmallCap Dividend Fund 0-24.9 12 16.90% 46 64.79%
---------------------------------------------------------------------------------
25-49.9 1 1.41% 1 1.41%
---------------------------------------------------------------------------------
50-74.9 0 0.00% 0 0.00%
---------------------------------------------------------------------------------
75-100.0 1 1.41% 0 0.00%
---------------------------------------------------------------------------------
>100.0 10 14.08% 0 0.00%
---------------------------------------------------------------------------------
Total 24 33.80% 47 66.20%
------------------------------------------------------------------------------------------------------------------------
* A basis point equals one-hundredth of one percent (0.01%).
** Commencement of investment operations.
WisdomTree Trust Domestic Equity Funds 57
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
receives, reviews and evaluates information concerning the services and
personnel of WTA, the investment adviser, and BNY Investment Advisors ("BNYIA"),
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, total expenses, the Trust's investment performance, and
other relevant factors at any future meeting at which a renewal of the
Investment Advisory Agreements is considered, the process of evaluating WTA and
BNYIA 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 WTA and BNYIA under the Investment Advisory Agreements includes
deliberations at quarterly meetings.
Initial Approval of Investment Advisory Agreement. The Trust and WTA have
entered into an investment advisory agreement (the "Advisory Agreement"). At a
meeting held on February 21, 2006 the Board of Trustees, including a majority of
the Independent Trustees, approved the Advisory Agreement with WTA with respect
to the Funds. In approving the Advisory Agreement with WTA, the Board reviewed
and analyzed the factors it deemed relevant, including: (1) the nature, quality
and extent of the services to be provided to the Funds by WTA; (2) WTA's
personnel and operations; (3) WTA's financial condition; (4) the level and
method of computing each Fund's advisory fee; (5) the possibility of "fall-out"
benefits to WTA and its affiliates (i.e., ancillary benefits that may be
realized by WTA or its affiliates from WTA's relationship with the Funds); (6)
the anticipated effect of growth and size on each Fund's performance and
expenses; and (7) possible conflicts of interest.
The Board also considered the nature and quality of the services to be provided
by WTA to the Funds, recognizing WTA's operational capabilities and resources.
The Board also noted the extensive responsibilities that WTA 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 WTA, the Board concluded that the level of
the fees paid to WTA with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the sub-adviser to the
Funds, BNYIA, using the same criteria it used for WTA. 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 ("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 WTA,
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 WTA 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.
58 WisdomTree Trust Domestic Equity Funds
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 each Fund's proxies during the period ended June 30,
2006, is available without charge, upon request, (i) by calling 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 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 800-SEC-0330); (ii) sending your request and a duplicating
fee to the SEC's Public Reference Room, Washington, DC 20549-0102; or (iii)
sending your request electronically to publicinfo@sec.gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com.
WisdomTree Trust Domestic Equity 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.
1625 Broadway
Denver, CO 80202
Independent Registered Public Accountant
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Kirkpatrick & Lockhart Nicholson Graham LLP
599 Lexington Avenue
New York, NY 10022
60 WisdomTree Trust Domestic Equity Funds
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols:
WisdomTree Domestic Equity 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 Equity Funds
WisdomTree DIEFA Fund (DWM)
WisdomTree DIEFA 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 Sector Funds
WisdomTree International Basic Material Sector Fund (DBN)
WisdomTree International Communication Sector Fund (DGG)
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 Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
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 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. Transactions in fund shares will result in brokerage
commissions and will generate tax consequences. Shares may be sold through
brokerage accounts, but may be redeemed from the funds only in large amounts of
50,000 shares or more.
WisdomTree Trust Domestic Equity Funds 61
[LOGO] WISDOMTREE(SM)
48 Wall Street, Suite 1100
New York, NY 10005
1.866.900.WISE (9473)
wisdomtree.com
WisdomTree Domestic Equity ETFs
WisdomTree Total Dividend Fund
WisdomTree High-Yielding Equity Fund
WisdomTree Large Cap Dividend Fund
WisdomTree Dividend Top 100 Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
This report when not used for the general information of shareholders of the
Fund, is to be distributed only if preceded or accompanied by a current Fund
Prospectus.
WisdomTree Fund shares are distributed by
ALPS Distributors, Inc.
WST-0906
[LOGO] WISDOMTREE(SM)
--------------------------------------------------------------------------------
WisdomTree Trust
International Equity Funds
Semi-Annual Report
For the period June 16, 2006 (commencement of investment operations) through
September 30, 2006
WisdomTree DIEFA(SM) Fund
WisdomTree DIEFA 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
[LOGO] WISDOMTREE(SM)
--------------------------------------------------------------------------------
WisdomTree Trust
International Equity Funds
--------------------------------------------------------------------------------
Contents
Letter to Shareholders............................................ 1
Management's Discussion of Funds' Performance..................... 2
Performance Summaries............................................. 4
Shareholder Expense Examples...................................... 18
Schedules of Investments
WisdomTree DIEFA Fund.......................................... 20
WisdomTree DIEFA High-Yielding Equity Fund..................... 27
WisdomTree Europe Total Dividend Fund.......................... 32
WisdomTree Europe High-Yielding Equity Fund.................... 36
WisdomTree Europe SmallCap Dividend Fund....................... 40
WisdomTree Japan Total Dividend Fund........................... 45
WisdomTree Japan High-Yielding Equity Fund..................... 49
WisdomTree Japan SmallCap Dividend Fund........................ 52
WisdomTree Pacific ex-Japan Total Dividend Fund................ 58
WisdomTree Pacific ex-Japan High-Yielding Equity Fund.......... 61
WisdomTree International LargeCap Dividend Fund................ 63
WisdomTree International Dividend Top 100 Fund................. 67
WisdomTree International MidCap Dividend Fund.................. 69
WisdomTree International SmallCap Dividend Fund................ 74
Statements of Assets and Liabilities.............................. 81
Statements of Operations.......................................... 84
Statements of Changes in Net Assets............................... 87
Financial Highlights.............................................. 90
Notes to the Financial Statements................................. 97
Frequency Distribution of Discounts & Premiums....................103
Board Review and Approval of Investment Advisory Contracts........106
Family of Funds...................................................109
"WisdomTree", "WisdomTree Investments", "WisdomTree DIEFA" and "Dividend Top
100" are service marks of WisdomTree Investments, Inc. and are licensed for use
by the Trust.
Letter to Shareholders
Dear Shareholder:
Thank you for your confidence in our products and the support you have shown. I
am excited to provide you with this update on the first 14 international
exchange traded funds (ETFs) launched under the WisdomTree Trust.
On June 16, 2006, the WisdomTree Trust listed 20 fundamentally weighted ETFs on
the New York Stock Exchange (NYSE). According to the NYSE, this event
represented the largest one-day listing by a single issuer in the history of the
NYSE. The day also marked an important turning point in the ETF industry. For
the first time, a global family of dividend-weighted ETFs offered investors a
fundamental alternative to market cap-weighted index funds in every major
capitalization segment and across major geographic regions of the developed
world.
Several other important firsts were achieved in connection with this listing.
WisdomTree introduced the first ETFs that track international small-cap stocks,
including small capitalization companies listed in Europe and Japan. The
WisdomTree Trust is also the first ETF provider to offer exchange-traded funds
tracking high-yielding stocks trading in Europe, Japan and the Pacific Region.
Both domestic and international equity markets have seen sustained rallies since
the WisdomTree ETFs were launched. From June 16, 2006 to September 30, 2006, the
Russell 3000 Index, a broad measure of the U.S. stock market, advanced 6.61% on
a total return basis. Internationally, the MSCI EAFE Index, which measures the
performance of stocks in 21 developed equity markets outside the United States
and Canada, increased by 9.20% on a total return basis over the same period.(1)
With the launch of 10 pure international sector ETFs on October 13, 2006, the
WisdomTree Trust now has 30 ETFs in the market. Within five months, this
dividend-based family has attracted more than $1 billion in assets under
management - one indication of how quickly these new tools are being adopted by
investment advisors, wirehouses and self-directed investors.
On behalf of my colleagues at WisdomTree Asset Management and the Board of
Trustees of the WisdomTree Trust, I thank you for your investment in the
WisdomTree family of fundamentally weighted ETFs. We look forward to serving you
in the future.
Best Regards,
Jonathan Steinberg
President, WisdomTree Trust
CEO, WisdomTree Asset Management, Inc.
(1) Performance information for the Russell 3000 Index assumes the
reinvestment of gross dividends and excludes management fees, transaction
costs and expenses. Performance information for the MSCI EAFE Index
assumes the reinvestment of net dividends and excludes management fees,
transaction costs and expenses. You cannot invest directly in an index.
WisdomTree Trust International Equity Funds 1
Management's Discussion of Funds' Performance
The 14 international ETFs introduced by the WisdomTree Trust give investors
alternatives to market capitalization-weighted index funds in major areas of the
developed world. All of the WisdomTree international ETFs discussed in this
report track specific indexes that are derived from the WisdomTree Dividend
Index of Europe, Far East Asia and Australasia ("WisdomTree DIEFA"), which
measures the performance of dividend-paying companies in 21 developed equity
markets outside the United States and Canada. Unlike ETFs that track traditional
market capitalization-weighted indexes, the WisdomTree international ETFs are
designed to track indexes that are weighted based on the dividends that
companies pay. For ease of comparison, this report provides index performance
data on each ETF's underlying WisdomTree Index and a comparable market
capitalization-weighted index.
WisdomTree's broadest international fund, the WisdomTree DIEFA Fund ("DWM"), had
a cumulative total return of 10.35% from its inception on June 16, 2006 to the
close of the period on September 30, 2006. DWM outperformed the MSCI EAFE Index
by 1.15% over that period. The WisdomTree DIEFA High-Yielding Equity Fund
("DTH"), which is comprised of higher dividend-yielding stocks selected from the
WisdomTree DIEFA Index, returned 10.49% for the period, slightly less than the
MSCI EAFE Value Index, which returned 10.52%. The best performing size segment
of the WisdomTree DIEFA Index for this period was the mid-cap portion.
WisdomTree's International MidCap Dividend Fund ("DIM") returned 11.99% since
inception, surpassing the MSCI EAFE Index by 2.79% from June 16, 2006 to
September 30, 2006.
The best performing region of the industrialized world since the inception of
the WisdomTree ETFs has been Europe. The WisdomTree Europe Total Dividend Fund
("DEB") generated a total return of 11.05% from its launch on June 16, 2006 to
September 30, 2006. While this Fund lagged the performance of the MSCI Europe
Index by 0.33% for the same period, the WisdomTree Europe SmallCap Dividend Fund
("DFE") outperformed the MSCI Europe Small Cap Index by 1.96% from June 16, 2006
to September 30, 2006, generating a total return of 10.37% for the period.
As was the case in Europe, the dividend-paying portion of the small-cap market
in Japan outperformed a broader index of Japanese small-cap stocks. Whereas the
MSCI Japan Small Cap Index declined 4.51% from June 16, 2006 to September 30,
2006, the WisdomTree Japan SmallCap Dividend Fund ("DFJ") lost only 1.40% of its
value for the same period. WisdomTree's broadest small-cap fund -- the
WisdomTree International SmallCap Dividend Fund ("DLS") -- returned 8.10% from
June 16, 2006 to September 30, 2006, surpassing the MSCI EAFE SmallCap Index by
4.30% for the period.
Returns on equity securities in the Pacific Region, excluding Japan, were
generally higher than equity returns in Japan. WisdomTree's Pacific ex-Japan
Total Dividend Fund ("DND") returned 8.47% from June 16, 2006 to September 30,
2006, outperforming the MSCI Pacific ex-Japan Index by 1.41% for the period.
2 WisdomTree Trust International Equity Funds
Management's Discussion of Funds' Performance
(concluded)
The MSCI value indexes for Europe, Japan and the Pacific Region ex-Japan had
higher returns than the corresponding WisdomTree High-Yielding Equity Funds for
this period, as value stocks outperformed the broader market generally. However,
the WisdomTree International Dividend Top 100 ("DOO"), which returned 12.24%
from June 16, 2006 to September 30, 2006, outperformed the MSCI EAFE Value Index
by 1.72% over the same time frame.
Fund performance assumes reinvestment of dividends and capital gain
distributions. An index is a statistical measure of a specified financial market
or sector. An index does not actually hold a portfolio of securities, incur
expenses or pay any transaction costs. Therefore index returns do not reflect
deductions for fees or expenses. In comparison, the Funds' performance is
negatively impacted by these deductions. Fund returns do not reflect brokerage
commissions or taxes on transactions in Fund shares that a shareholder would pay
on Fund distributions. Past performance is no guarantee of future results. For
the most recent month end performance information visit www.wisdomtree.com.
The MSCI EAFE Index is a market cap-weighted index composed of companies
representative of the developed market structure of 21 developed countries in
Europe, Australasia and Japan; the MSCI EAFE Value Index measures the
performance of value stocks in the MSCI EAFE Index; the MSCI EAFE Small Cap
Index measures the performance of small cap stocks in the MSCI EAFE Index; the
MSCI Europe Index is a subset of the MSCI EAFE Index and represents the
performance of Western Europe, developed market equity performance; the MSCI
Europe Small Cap Index measures the performance of small cap stocks in the MSCI
Europe Index; the MSCI Europe Value Index measures the performance of value
stocks within the MSCI Europe Index; the MSCI Japan Index is a market
cap-weighted index that measures the performance of the Japanese equity markets;
the MSCI Japan Value Index measures the performance of value stocks in the MSCI
Japan Index; the MSCI Japan Small Cap Index measures the performance of small
cap stocks in the MSCI Japan Index; the MSCI Pacific ex-Japan Index is a market
cap-weighted index that measures the performance of stocks in Australia, Hong
Kong, Singapore, and New Zealand; the MSCI Pacific ex-Japan Value Index measures
the performance of value stocks in the MSCI Pacific ex-Japan Index. Performance
information for the MSCI indexes assumes the reinvestment of net dividends and
excludes management fees, transaction costs and expenses. You cannot invest
directly in an index.
Neither MSCI nor any other party involved in or related to compiling, computing
or creating the MSCI data makes any express or implied warranties or
representations with respect to such data (or the results to be obtained by the
use thereof), and all such parties hereby expressly disclaim all warranties of
originality, accuracy, completeness, merchantability or fitness for a particular
purpose with respect to any of such data. Without limiting any of the foregoing,
in no event shall MSCI, any of its affiliates or any third party involved in or
related to compiling, computing or creating the data have any liability for any
direct, indirect, special, punitive, consequential or any other damages
(including lost profits) even if notified of the possibility of such damages. No
further distribution or dissemination of the MSCI data is permitted without
MSCI's express written consent.
WisdomTree Trust International Equity Funds 3
Performance Summary
WisdomTree DIEFA Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 33.8%
Consumer Non-Cyclical 13.4%
Communications 13.2%
Energy 9.2%
Industrial 8.2%
Consumer Cyclical 7.5%
Utilities 6.9%
Basic Materials 4.9%
Technology 1.1%
Diversified 1.1%
Short-Term Investment 0.5%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree MSCI EAFE
Value Price DIEFA Index Index
--------------------------------------------------------------------------------
Since Inception(1) 10.35% 11.17% 10.61% 9.20%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
HSBC Holdings PLC 36,198 $658,920 2.4%
--------------------------------------------------------------------------------
BP PLC 49,291 535,867 1.9%
--------------------------------------------------------------------------------
Eni SpA 16,145 477,956 1.7%
--------------------------------------------------------------------------------
TOTAL S.A. 7,190 471,335 1.7%
--------------------------------------------------------------------------------
GlaxoSmithKline PLC 13,014 345,680 1.3%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,034 WisdomTree $10,928 MSCI
DIEFA Fund EAFE Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,040 10,048
6/30/06 10,486 10,509
7/7/06 10,563 10,549
7/14/06 10,120 10,077
7/21/06 10,231 10,168
7/28/06 10,672 10,617
8/4/06 10,782 10,735
8/11/06 10,613 10,565
8/18/06 10,855 10,869
8/25/06 10,789 10,758
9/1/06 10,990 10,945
9/8/06 10,759 10,736
9/15/06 10,847 10,755
9/22/06 10,981 10,800
9/30/06 11,034 10,928
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 Trust International Equity Funds
Performance Summary
WisdomTree DIEFA High-Yielding Equity Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 43.2%
Communications 15.0%
Energy 11.2%
Utilities 9.4%
Consumer Non-Cyclical 8.3%
Consumer Cyclical 5.1%
Industrial 3.8%
Basic Materials 2.1%
Diversified 0.5%
Technology 0.4%
Short-Term Investment 0.6%
Other 0.4%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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..
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree DIEFA
Net Asset Market High-Yielding MSCI EAFE
Value Price Equity Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 10.49% 10.53% 11.00% 10.52%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
HSBC Holdings PLC 46,986 $855,296 3.9%
--------------------------------------------------------------------------------
BP PLC 63,998 695,753 3.2%
--------------------------------------------------------------------------------
Eni SpA 20,968 620,735 2.8%
--------------------------------------------------------------------------------
TOTAL S.A. 9,373 614,440 2.8%
--------------------------------------------------------------------------------
GlaxoSmithKline PLC 16,884 448,478 2.0%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,049 DIEFA $11,064 MSCI
High-Yielding Equity Fund EAFE Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,014 10,031
6/30/06 10,437 10,476
7/7/06 10,544 10,530
7/14/06 10,115 10,060
7/21/06 10,255 10,169
7/28/06 10,672 10,652
8/4/06 10,792 10,799
8/11/06 10,638 10,654
8/18/06 10,829 10,932
8/25/06 10,795 10,824
9/1/06 10,984 11,000
9/8/06 10,746 10,809
9/15/06 10,879 10,892
9/22/06 10,941 10,935
9/30/06 11,049 11,064
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 Trust International Equity Funds 5
Performance Summary
WisdomTree Europe Total Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 33.4%
Consumer Non-Cyclical 14.4%
Communications 13.7%
Energy 11.1%
Utilities 7.4%
Industrial 7.1%
Consumer Cyclical 5.6%
Basic Materials 4.5%
Technology 0.9%
Diversified 0.7%
Short-Term Investment 0.9%
Other 0.3%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree Europe MSCI Europe
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 11.05% 11.14% 12.01% 11.48%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
HSBC Holdings PLC 18,707 $340,528 3.1%
--------------------------------------------------------------------------------
BP PLC 25,481 277,015 2.5%
--------------------------------------------------------------------------------
Eni SpA 8,345 247,044 2.2%
--------------------------------------------------------------------------------
TOTAL S.A. 3,713 243,403 2.2%
--------------------------------------------------------------------------------
Telefonica S. A. 10,616 183,831 1.7%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,106 WisdomTree $11,154 MSCI
Europe Total Dividend Fund Europe Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,060 10,092
6/30/06 10,525 10,556
7/7/06 10,591 10,618
7/14/06 10,125 10,152
7/21/06 10,266 10,282
7/28/06 10,742 10,763
8/4/06 10,875 10,895
8/11/06 10,653 10,683
8/18/06 10,897 10,953
8/25/06 10,855 10,909
9/1/06 11,053 11,116
9/8/06 10,767 10,832
9/15/06 10,908 10,954
9/22/06 11,017 11,061
9/30/06 11,106 11,154
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 Trust International Equity Funds
Performance Summary
WisdomTree Europe High-Yielding Equity Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 43.2%
Communications 18.2%
Energy 11.8%
Utilities 9.4%
Consumer Non-Cyclical 7.1%
Consumer Cyclical 5.3%
Industrial 2.9%
Basic Materials 1.3%
Technology 0.1%
Health Care 0.1%
Short-Term Investment 0.4%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree Europe
Net Asset Market High-Yielding MSCI Europe
Value Price Equity Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 11.20% 11.03% 11.74% 12.91%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
HSBC Holdings PLC 71,159 $1,295,319 5.8%
--------------------------------------------------------------------------------
BP PLC 96,912 1,053,575 4.8%
--------------------------------------------------------------------------------
Eni SpA 31,746 939,807 4.2%
--------------------------------------------------------------------------------
Vodafone Group PLC 283,979 648,485 2.9%
--------------------------------------------------------------------------------
France Telecom S.A. 27,904 639,788 2.9%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,119 WisdomTree Europe $11,303 MSCI
High-Yielding Equity Fund Europe Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,024 10,059
6/30/06 10,442 10,517
7/7/06 10,534 10,590
7/14/06 10,088 10,113
7/21/06 10,245 10,261
7/28/06 10,708 10,787
8/4/06 10,853 10,951
8/11/06 10,632 10,760
8/18/06 10,834 11,017
8/25/06 10,806 10,976
9/1/06 10,968 11,162
9/8/06 10,719 10,908
9/15/06 10,884 11,088
9/22/06 11,000 11,195
9/30/06 11,119 11,303
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 Trust International Equity Funds 7
Performance Summary
WisdomTree Europe SmallCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 27.2%
Industrial 26.4%
Consumer Cyclical 16.5%
Consumer Non-Cyclical 15.4%
Basic Materials 4.3%
Communications 3.3%
Technology 3.0%
Diversified 1.8%
Utilities 1.0%
Energy 0.3%
Short-Term Investment 0.1%
Other 0.7%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree Europe MSCI Europe
Net Asset Market SmallCap Dividend Small Cap
Value Price Index Index
--------------------------------------------------------------------------------
Since Inception(1) 10.37% 9.96% 11.20% 8.41%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Compagnie Maritime Belge S.A. 12,672 $431,486 1.6%
--------------------------------------------------------------------------------
A/S Dampskibsselskabet TORM 8,077 417,097 1.5%
--------------------------------------------------------------------------------
Brit Insurance Holdings PLC 62,834 354,461 1.3%
--------------------------------------------------------------------------------
Euronav N.V. 10,350 335,507 1.2%
--------------------------------------------------------------------------------
Songbird Estates PLC Class B 76,561 333,576 1.2%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a pie chart in the printed material.]
$11,036 WisdomTree Europe $10,845 MSCI Europe
SmallCap Dividend Fund Small Cap Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,991 10,042
6/30/06 10,422 10,477
7/7/06 10,509 10,525
7/14/06 10,109 10,046
7/21/06 10,220 10,001
7/28/06 10,475 10,324
8/4/06 10,689 10,518
8/11/06 10,531 10,319
8/18/06 10,692 10,520
8/25/06 10,724 10,517
9/1/06 10,878 10,741
9/8/06 10,653 10,500
9/15/06 10,837 10,628
9/22/06 10,997 10,766
9/30/06 11,036 10,845
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 Trust International Equity Funds
Performance Summary
WisdomTree Japan Total Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Consumer Cyclical 26.8%
Industrial 18.4%
Financial 15.0%
Consumer Non-Cyclical 10.9%
Utilities 8.5%
Basic Materials 7.3%
Communications 6.8%
Technology 5.3%
Energy 1.5%
Other (0.5)%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree Japan MSCI Japan
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 3.44% 4.04% 3.14% 3.72%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Toyota Motor Corp. 33,300 $1,810,747 7.0%
--------------------------------------------------------------------------------
NTT DoCoMo, Inc. 575 886,376 3.4%
--------------------------------------------------------------------------------
Nissan Motor Co., Ltd. 62,000 694,752 2.7%
--------------------------------------------------------------------------------
Canon Inc. 12,200 636,532 2.5%
--------------------------------------------------------------------------------
Nippon Telegraph & Telephone Corp. 125 614,069 2.4%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,343 WisdomTree Japan $10,375 MSCI
Total Dividend Fund Japan Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,961 9,971
6/30/06 10,403 10,447
7/7/06 10,317 10,381
7/14/06 9,784 9,843
7/21/06 9,767 9,851
7/28/06 10,197 10,295
8/4/06 10,298 10,409
8/11/06 10,204 10,285
8/18/06 10,640 10,726
8/25/06 10,365 10,439
9/1/06 10,469 10,537
9/8/06 10,434 10,489
9/15/06 10,233 10,264
9/22/06 10,164 10,174
9/30/06 10,343 10,375
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 Trust International Equity Funds 9
Performance Summary
WisdomTree Japan High-Yielding Equity Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Consumer Cyclical 32.2%
Utilities 16.6%
Consumer Non-Cyclical 11.2%
Industrial 8.1%
Financial 7.6%
Communications 7.4%
Technology 7.1%
Basic Materials 6.6%
Energy 2.6%
Other 0.6%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree Japan
Net Asset Market High-Yielding MSCI Japan
Value Price Equity Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 4.13% 4.79% 4.32% 4.77%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Toyota Motor Corp. 70,000 $3,806,378 14.6%
--------------------------------------------------------------------------------
NTT DoCoMo, Inc. 1,225 1,888,367 7.2%
--------------------------------------------------------------------------------
Nissan Motor Co., Ltd. 132,500 1,484,754 5.7%
--------------------------------------------------------------------------------
Canon Inc. 24,750 1,291,323 5.0%
--------------------------------------------------------------------------------
Tokyo Electric Power Co., Inc. (The) 43,000 1,238,301 4.7%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,411 WisdomTree Japan $10,482 MSCI
High-Yielding Equity Fund Japan Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,934 9,977
6/30/06 10,356 10,425
7/7/06 10,327 10,383
7/14/06 9,867 9,884
7/21/06 9,818 9,892
7/28/06 10,213 10,350
8/4/06 10,311 10,470
8/11/06 10,270 10,364
8/18/06 10,649 10,765
8/25/06 10,390 10,496
9/1/06 10,505 10,605
9/8/06 10,459 10,535
9/15/06 10,359 10,382
9/22/06 10,302 10,302
9/30/06 10,411 10,482
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 Trust International Equity Funds
Performance Summary
WisdomTree Japan SmallCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Industrial 27.1%
Consumer Cyclical 24.4%
Consumer Non-Cyclical 18.0%
Financial 14.5%
Basic Materials 9.2%
Technology 4.0%
Communications 1.4%
Utilities 0.9%
Energy 0.1%
Other 0.4%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
Net Asset Market WisdomTree Japan MSCI Japan
Value Price SmallCap Index Small Cap Index
--------------------------------------------------------------------------------
Since Inception(1) (1.40)% 0.10% (1.80)% (4.51)%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Maruichi Steel Tube Ltd. 3,100 $73,649 0.7%
--------------------------------------------------------------------------------
Hitachi Capital Corp. 3,700 70,511 0.7%
--------------------------------------------------------------------------------
Bosch Corp. 12,000 63,930 0.6%
--------------------------------------------------------------------------------
Daiwa House Industry Co., Ltd. 3,684 63,809 0.6%
--------------------------------------------------------------------------------
TOHO Gas Co., Ltd. 14,000 60,328 0.6%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a pie chart in the printed material.]
$9,858 WisdomTree Japan $9,551 MSCI Japan
SmallCap Dividend Fund Small Cap Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,910 9,869
6/30/06 10,206 10,183
7/7/06 10,169 10,082
7/14/06 9,584 9,308
7/21/06 9,438 9,090
7/28/06 9,700 9,305
8/4/06 9,922 9,661
8/11/06 9,836 9,532
8/18/06 10,223 10,013
8/25/06 9,978 9,807
9/1/06 10,011 9,781
9/8/06 10,023 9,898
9/15/06 9,717 9,442
9/22/06 9,718 9,419
9/30/06 9,858 9,551
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 Trust International Equity Funds 11
Performance Summary
WisdomTree Pacific ex-Japan Total Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 44.4%
Communications 15.4%
Industrial 8.0%
Consumer Non-Cyclical 6.8%
Consumer Cyclical 5.9%
Basic Materials 5.9%
Diversifed 4.5%
Utilities 3.7%
Energy 3.2%
Technology 0.4%
Short-Term Investment 1.1%
Other 0.7%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
Net Asset Market Pacific ex-Japan MSCI Pacific
Value Price Dividend Index ex-Japan Index
--------------------------------------------------------------------------------
Since Inception(1) 8.47% 9.13% 8.70% 7.06%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
China Mobile Ltd. 84,613 $597,766 5.5%
--------------------------------------------------------------------------------
Commonwealth Bank of Australia 16,853 575,376 5.3%
--------------------------------------------------------------------------------
National Australia Bank Ltd. 19,795 542,133 5.0%
--------------------------------------------------------------------------------
Australia & New Zealand Banking
Group Ltd. 21,895 438,869 4.1%
--------------------------------------------------------------------------------
Westpac Banking Corp. 22,231 376,756 3.5%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,846 WisdomTree Pacific $10,739 MSCI Pacific
ex-Japan Total Dividend Fund ex-Japan Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,934 9,921
6/30/06 10,287 10,307
7/7/06 10,478 10,488
7/14/06 10,182 10,164
7/21/06 10,249 10,188
7/28/06 10,456 10,380
8/4/06 10,459 10,392
8/11/06 10,526 10,440
8/18/06 10,632 10,598
8/25/06 10,523 10,476
9/1/06 10,825 10,772
9/8/06 10,741 10,684
9/15/06 10,714 10,604
9/22/06 10,681 10,548
9/30/06 10,846 10,739
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 Trust International Equity Funds
Performance Summary
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 49.3%
Communications 16.0%
Industrial 11.9%
Consumer Cyclical 9.7%
Consumer Non-Cyclical 4.3%
Basic Materials 3.8%
Energy 2.6%
Utilities 0.8%
Technology 0.1%
Short-Term Investment 0.8%
Other 0.7%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
Pacific ex-Japan MSCI Pacific
Net Asset Market High-Yielding ex-Japan
Value Price Equity Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 7.55% 7.96% 7.68% 8.55%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Commonwealth Bank of Australia 40,009 $1,365,945 8.6%
--------------------------------------------------------------------------------
National Australia Bank Ltd. 48,676 1,333,108 8.4%
--------------------------------------------------------------------------------
Australia & New Zealand Banking
Group Ltd. 61,540 1,233,525 7.8%
--------------------------------------------------------------------------------
Westpac Banking Corp. 66,418 1,125,608 7.1%
--------------------------------------------------------------------------------
Telstra Corp. Ltd. 397,592 1,100,768 7.0%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$10,756 WisdomTree Pacific $10,895 MSCI Pacific
ex-Japan High-Yielding Equity Fund ex-Japan Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,903 9,966
6/30/06 10,183 10,296
7/7/06 10,457 10,490
7/14/06 10,169 10,166
7/21/06 10,220 10,255
7/28/06 10,339 10,465
8/4/06 10,391 10,562
8/11/06 10,439 10,671
8/18/06 10,473 10,745
8/25/06 10,432 10,585
9/1/06 10,742 10,886
9/8/06 10,651 10,831
9/15/06 10,666 10,845
9/22/06 10,534 10,752
9/30/06 10,756 10,895
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 Trust International Equity Funds 13
Performance Summary
WisdomTree International LargeCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 37.3%
Communications 14.1%
Consumer Non-Cyclical 13.2%
Energy 11.7%
Utilities 7.6%
Industrial 5.7%
Consumer Cyclical 4.8%
Basic Materials 3.6%
Diversified 0.8%
Technology 0.5%
Short-Term Investment 0.9%
Other (0.2)%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
International
Net Asset Market LargeCap MSCI EAFE
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 10.23% 9.80% 10.49% 9.20%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
HSBC Holdings PLC 49,209 $895,761 3.3%
--------------------------------------------------------------------------------
BP PLC 67,022 728,628 2.7%
--------------------------------------------------------------------------------
Eni SpA 22,051 652,796 2.4%
--------------------------------------------------------------------------------
TOTAL S.A. 9,770 640,465 2.3%
--------------------------------------------------------------------------------
GlaxoSmithKline PLC 17,693 469,966 1.7%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,021 WisdomTree International $10,928 MSCI
LargeCap Dividend Fund EAFE Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,052 10,048
6/30/06 10,498 10,509
7/7/06 10,581 10,549
7/14/06 10,123 10,077
7/21/06 10,255 10,168
7/28/06 10,709 10,617
8/4/06 10,825 10,735
8/11/06 10,657 10,565
8/18/06 10,900 10,869
8/25/06 10,830 10,758
9/1/06 11,008 10,945
9/8/06 10,766 10,736
9/15/06 10,844 10,755
9/22/06 10,918 10,800
9/30/06 11,021 10,928
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 Trust International Equity Funds
Performance Summary
WisdomTree International Dividend Top 100 Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 47.4%
Communications 18.4%
Utilities 15.3%
Consumer Non-Cyclical 8.9%
Energy 4.0%
Industrial 3.3%
Basic Materials 1.8%
Short-Term Investment 0.7%
Other 0.2%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
International
Net Asset Market Dividend MSCI EAFE
Value Price Top 100 Index Value Index
--------------------------------------------------------------------------------
Since Inception(1) 12.24% 11.70% 12.40% 10.52%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Telstra Corp. Ltd. 220,816 $611,348 2.2%
--------------------------------------------------------------------------------
Lloyds TSB Group PLC 49,741 501,269 1.8%
--------------------------------------------------------------------------------
Scottish Power PLC 37,710 458,920 1.7%
--------------------------------------------------------------------------------
Belgacom S.A. 11,301 440,060 1.6%
--------------------------------------------------------------------------------
BT Group PLC 85,610 428,573 1.5%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,223 WisdomTree International $11,064 MSCI
Dividend Top 100 Fund EAFE Value Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 10,021 10,031
6/30/06 10,457 10,476
7/7/06 10,546 10,530
7/14/06 10,111 10,060
7/21/06 10,271 10,169
7/28/06 10,653 10,652
8/4/06 10,801 10,799
8/11/06 10,658 10,654
8/18/06 10,868 10,932
8/25/06 10,842 10,824
9/1/06 11,055 11,000
9/8/06 10,883 10,809
9/15/06 11,015 10,892
9/22/06 11,076 10,935
9/30/06 11,223 11,064
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 Trust International Equity Funds 15
Performance Summary
WisdomTree International MidCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Financial 24.4%
Consumer Cyclical 17.6%
Consumer Non-Cyclical 13.9%
Industrial 12.9%
Communications 9.6%
Basic Materials 7.7%
Utilities 7.2%
Diversified 2.4%
Energy 1.9%
Technology 1.0%
Short-Term Investment 0.6%
Other 0.8%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
International
Net Asset Market MidCap MSCI EAFE
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 11.99% 11.58% 12.26% 9.20%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
United Utilities PLC 23,803 $313,685 1.1%
--------------------------------------------------------------------------------
Wesfarmers Ltd. 10,432 271,927 1.0%
--------------------------------------------------------------------------------
Telecom Corp. of New Zealand Ltd. 84,213 239,175 0.9%
--------------------------------------------------------------------------------
Coles Myer Ltd. 20,716 222,459 0.8%
--------------------------------------------------------------------------------
Suncorp-Metway Ltd. 13,270 217,265 0.8%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a line chart in the printed material.]
$11,199 WisdomTree International $10,928 MSCI
MidCap Dividend Fund EAFE Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,996 10,048
6/30/06 10,435 10,509
7/7/06 10,492 10,549
7/14/06 10,105 10,077
7/21/06 10,188 10,168
7/28/06 10,571 10,617
8/4/06 10,676 10,735
8/11/06 10,548 10,565
8/18/06 10,802 10,869
8/25/06 10,729 10,758
9/1/06 11,009 10,945
9/8/06 10,833 10,736
9/15/06 10,977 10,755
9/22/06 11,061 10,800
9/30/06 11,199 10,928
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 Trust International Equity Funds
Performance Summary
WisdomTree International SmallCap Dividend Fund
Sector Breakdown*
% of the Fund's Net Assets as of 09/30/06+
[The following table was depicted as a pie chart in the printed material.]
Industrial 24.5%
Financial 23.1%
Consumer Non-Cyclical 16.7%
Consumer Cyclical 14.9%
Basic Materials 7.1%
Communications 5.2%
Technology 2.0%
Diversified 1.7%
Utilities 1.7%
Energy 1.7%
Short-Term Investment 1.0%
Other 0.4%
* A sector may comprise several industries.
+ The Fund's sector breakdown is expressed as a percentage of net assets and
may change over time.
Performance Summary
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 bid and ask for Fund shares as of the close of
trading (generally 4:15 p.m.) 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. The gap in
time between the calculation of NAV returns and market price returns (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between NAV returns and market price returns.
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.
Performance as of 9/30/06
================================================================================
Cumulative Total Return
--------------------------------------------------------------------------------
WisdomTree
International MSCI EAFE
Net Asset Market SmallCap Small Cap
Value Price Dividend Index Index
--------------------------------------------------------------------------------
Since Inception(1) 8.10% 8.02% 7.84% 3.80%
--------------------------------------------------------------------------------
(1) Total returns are calculated based on the commencement of trading on the
NYSE, June 16, 2006.
Top Five Holdings(2) as of 9/30/06
================================================================================
Description Shares Market Value % of Net Assets
================================================================================
Electrocomponents PLC 34,627 $179,975 0.7%
--------------------------------------------------------------------------------
Compagnie Maritime Belge S.A. 5,042 171,680 0.6%
--------------------------------------------------------------------------------
A/S Dampskibsselskabet TORM 3,272 168,966 0.6%
--------------------------------------------------------------------------------
Brit Insurance Holdings PLC 25,335 142,921 0.5%
--------------------------------------------------------------------------------
Sims Group Ltd. 9,151 141,360 0.5%
--------------------------------------------------------------------------------
(2) The five largest holdings are subject to change, and there are no
guarantees the Fund will continue to remain invested in any particular
company.
Comparison of Change in Value of a $10,000 Investment
Based on Net Asset Value as of 9/30/06
[The following table was depicted as a pie chart in the printed material.]
$10,809 WisdomTree International $10,387 MSCI EAFE
SmallCap Dividend Fund Small Cap Index
--------------------------------------------------------------------------------
6/16/06 10,000 10,000
6/23/06 9,941 9,957
6/30/06 10,343 10,339
7/7/06 10,420 10,359
7/14/06 10,016 9,803
7/21/06 10,053 9,691
7/28/06 10,304 9,952
8/4/06 10,437 10,181
8/11/06 10,329 10,029
8/18/06 10,527 10,317
8/25/06 10,484 10,243
9/1/06 10,672 10,389
9/8/06 10,539 10,302
9/15/06 10,606 10,206
9/22/06 10,679 10,265
9/30/06 10,809 10,387
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 Trust International Equity Funds 17
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 June 16, 2006* to September 30, 2006.
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 06/16/06* to 09/30/06" 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.
* Commencement of investment operations.
18 WisdomTree Trust International Equity Funds
Shareholder Expense Examples (unaudited) (concluded)
====================================================================================================================================
Expenses Paid
Beginning Ending During the Period+
Account Value Account Value 06/16/06* to
06/16/06* 09/30/06 09/30/06
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree DIEFA Fund Actual $1,000.00 $1,103.52 $1.48
Hypothetical (5% return before expenses) $1,000.00 $1,013.25 $1.42
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree DIEFA High-Yielding
Equity Fund Actual $1,000.00 $1,104.88 $1.79
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Europe Total Dividend Fund Actual $1,000.00 $1,110.51 $1.48
Hypothetical (5% return before expenses) $1,000.00 $1,013.25 $1.42
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Europe High-Yielding
Equity Fund Actual $1,000.00 $1,111.98 $1.80
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Europe SmallCap Dividend Fund Actual $1,000.00 $1,103.73 $1.79
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Japan Total Dividend Fund Actual $1,000.00 $1,034.38 $1.43
Hypothetical (5% return before expenses) $1,000.00 $1,013.25 $1.42
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Japan High-Yielding
Equity Fund Actual $1,000.00 $1,041.28 $1.74
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Japan SmallCap Dividend Fund Actual $1,000.00 $ 985.99 $1.69
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Pacific ex-Japan Total
Dividend Fund Actual $1,000.00 $1,084.69 $1.47
Hypothetical (5% return before expenses) $1,000.00 $1,013.25 $1.42
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree Pacific ex-Japan High-Yielding
Equity Fund Actual $1,000.00 $1,075.48 $1.76
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree International LargeCap
Dividend Fund Actual $1,000.00 $1,102.29 $1.48
Hypothetical (5% return before expenses) $1,000.00 $1,013.25 $1.42
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree International Dividend Top
100 Fund Actual $1,000.00 $1,122.36 $1.80
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree International MidCap
Dividend Fund Actual $1,000.00 $1,119.89 $1.80
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
WisdomTree International SmallCap
Dividend Fund Actual $1,000.00 $1,081.03 $1.77
Hypothetical (5% return before expenses) $1,000.00 $1,012.96 $1.71
------------------------------------------------------------------------------------------------------------------------------------
* Commencement of investment operations.
+ Expenses are calculated using each Fund's annualized expense ratio,
multiplied by the average account value for the period, multiplied by
107/365 (to reflect the fiscal period).
WisdomTree Trust International Equity Funds 19
Schedule of Investments (unaudited)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 7.8%
Alumina Ltd. 5,258 $ 24,288
Amcor Ltd. 5,373 29,791
AMP Ltd. 5,975 39,862
Aristocrat Leisure Ltd. 2,620 27,568
Australia & New Zealand Banking Group Ltd. 7,545 151,234
Australian Gas Light Co., Ltd. 1,927 30,846
Australian Stock Exchange Ltd. 1,118 27,115
AXA Asia Pacific Holdings Ltd. 5,905 28,643
BHP Billiton Ltd. 5,049 96,568
Billabong International Ltd. (a) 2,476 27,069
BlueScope Steel Ltd. 4,457 21,553
Brambles Industries Ltd. (a) 3,241 30,837
Caltex Australia Ltd. 1,709 30,481
Coca-Cola Amatil Ltd. 4,885 24,388
Coles Myer Ltd. 4,047 43,459
Commonwealth Bank of Australia 5,809 198,325
CSL Ltd. 650 26,208
Foster's Group Ltd. 7,265 34,914
Harvey Norman Holdings Ltd. 8,836 23,342
Insurance Australia Group Ltd. 8,115 31,975
John Fairfax Holdings Ltd. 9,165 28,862
Leighton Holdings Ltd. 1,974 28,490
Lend Lease Corp. Ltd. 2,482 29,672
Lion Nathan Ltd. 4,519 27,316
Macquarie Bank Ltd. 618 31,891
National Australia Bank Ltd. 6,823 186,864
Newcrest Mining Ltd. 1,757 29,501
Orica Ltd. 1,600 26,829
Perpetual Ltd. (a) 520 28,366
Promina Group Ltd. 6,190 27,392
Publishing & Broadcasting Ltd. 1,933 26,888
Qantas Airways Ltd. 12,014 35,055
QBE Insurance Group Ltd. 2,094 38,285
Rinker Group Ltd. 2,090 21,679
Rio Tinto Ltd. (a) 604 31,597
Santos Ltd. 3,179 26,546
Sonic Healthcare Ltd. 2,502 24,609
St.George Bank Ltd. 2,389 53,912
Suncorp-Metway Ltd. 2,592 42,438
TABCORP Holdings Ltd. 2,827 32,974
Telstra Corp. Ltd. (a) 43,111 119,357
Toll Holdings Ltd. 2,379 27,322
Wesfarmers Ltd. 2,036 53,071
Westpac Banking Corp. 7,663 129,867
Woodside Petroleum Ltd. 1,411 41,329
Woolworths Ltd. 3,357 50,755
------------
Total Australia 2,149,333
--------------------------------------------------------------------------------
Austria - 0.4%
Andritz AG 14 2,133
AT&S Austria Technologie & Systemtechnik AG 64 1,621
Bank Austria Creditanstalt AG 249 33,277
BOEHLER-UDDEHOLM AG 92 5,170
Erste Bank der oesterreichischen Sparkassen AG 227 14,119
Flughafen Wien AG 46 3,806
Oesterreichische Elektrizitatswirtschafts
AG Class A 130 6,282
OMV AG 215 11,128
Semperit AG Holding 46 1,467
Telekom Austria AG 443 11,167
UNIQA Versicherungen AG 68 2,153
voestalpine AG 144 5,941
Wiener Staedtische AG 82 5,142
Wienerberger AG 158 7,453
------------
Total Austria 110,859
--------------------------------------------------------------------------------
Belgium - 2.1%
Ackermans & van Haaren N.V. 88 6,332
Agfa-Gevaert N.V. 321 7,604
Almancora SCA 118 15,247
Barco N.V. 72 6,581
Bekaert S.A. 66 6,492
Belgacom S.A. 1,496 58,254
Compagnie Maritime Belge S.A. 357 12,156
Delhaize Group 142 11,917
Dexia N.V. 2,271 58,773
Euronav N.V. 291 9,433
Fortis N.V. 4,989 202,297
Groep Colruyt S.A. 50 8,525
Groupe Bruxelles Lambert S.A. 209 22,279
InBev N.V. 534 29,371
KBC Groep N.V. 743 78,166
Mobistar S.A. 172 14,228
Solvay S.A. 174 22,482
UCB S.A. 217 13,785
Umicore 46 6,800
------------
Total Belgium 590,722
--------------------------------------------------------------------------------
Denmark - 0.5%
A/S Dampskibsselskabet TORM 201 10,380
Amagerbanken A/S 50 3,194
Auriga Industries A/S Class B 100 2,684
Bang & Olufsen A/S Class B 10 1,072
Codan A/S 50 3,546
Danske Bank A/S 1,807 70,983
DSV A/S 50 8,731
FLSmidth & Co. A/S 100 4,629
GN Store Nord 402 6,146
H. Lundbeck A/S 201 4,678
See Notes to Financial Statements.
20 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Novo Nordisk A/S Class B 301 $ 22,344
Spar Nord Bank A/S 150 3,261
Sydbank A/S 100 3,678
------------
Total Denmark 145,326
--------------------------------------------------------------------------------
Finland - 1.7%
Amer Sports Oyj 301 6,749
Elisa Oyj Class A 502 11,065
Finnair Oyj 402 6,564
Fortum Oyj 3,615 96,211
Huhtamaki Oyj 301 5,205
KCI Konecranes PLC 301 5,708
Kemira Oyj 402 7,486
Kesko Oyj Class B 201 8,443
Metso Oyj 201 7,389
Nokia Oyj 6,376 126,483
Nokian Renkaat Oyj 402 7,226
OKO Bank PLC Class A 602 9,593
Oriola-KD Oyj* 202 617
Orion Oyj Class B* 201 3,819
Outokumpu Oyj 402 10,251
Perlos Oyj 602 3,302
Rautaruukki Oyj 602 17,273
Sampo Oyj Class A 1,607 33,466
Sanoma-WSOY Oyj 522 13,377
Sponda Oyj 402 4,532
Stora Enso Oyj Class R 1,607 24,347
TietoEnator Oyj 201 5,902
UPM-Kymmene Corp. 1,607 38,148
Uponor Corp. 201 5,444
Wartsila Oyj Class B 201 8,148
YIT Oyj 201 4,652
------------
Total Finland 471,400
--------------------------------------------------------------------------------
France - 12.5%
Accor S.A. 737 50,181
Assurances Generales de France 463 58,240
AXA S.A. 5,584 205,698
BNP Paribas 2,253 242,161
Bouygues S.A. 803 42,905
Carrefour S.A. 1,464 92,411
Casino Guichard Perrachon S.A. 540 43,471
Christian Dior S.A. 437 45,448
Cie de Saint-Gobain S.A. 747 54,126
CNP Assurances S.A. 437 42,348
Compagnie Generale des Etablissements
Michelin Class B 662 48,470
Credit Agricole S.A. 1,644 72,139
France Telecom S.A. 14,195 325,465
Gaz de France 1,204 47,890
Gecina S.A. 341 45,442
Groupe Danone 449 62,963
Hermes International 486 44,880
Lafarge S.A. 407 52,485
Lagardere SCA 544 39,210
L'Air Liquide S.A. 267 54,420
L'Oreal S.A. 887 90,001
LVMH Moet Hennessy Louis Vuitton S.A. 658 67,724
Natexis Banques Populaires 168 46,479
Peugeot S.A. 656 36,954
PPR S.A. 357 52,866
Renault S.A. 714 81,808
Sanofi-Aventis 2,034 180,875
Schneider Electric S.A. 568 63,281
Societe Des Autoroutes Paris-Rhin-Rhone 498 37,030
Societe Generale 1,092 173,603
Suez S.A. 3,957 173,834
TOTAL S.A. 7,190 471,335
Vallourec S.A. 201 46,824
Veolia Environnement S.A. 729 43,966
VINCI S.A. 558 62,061
Vivendi S.A. 3,788 136,420
------------
Total France 3,435,414
--------------------------------------------------------------------------------
Germany - 6.8%
adidas AG 443 20,819
Allianz SE 451 77,972
ALTANA AG 363 20,030
AMB Generali Holding AG 148 20,137
BASF AG 1,096 87,675
Bayer AG 1,415 72,057
Bayerische Motoren Werke AG 684 36,599
Beiersdorf AG 451 23,978
Commerzbank AG 763 25,661
Continental AG 209 24,209
DaimlerChrysler AG 2,598 129,699
Deutsche Bank AG 1,501 180,936
Deutsche Boerse AG 166 24,939
Deutsche Lufthansa AG 1,182 25,020
Deutsche Post AG 2,785 73,027
Deutsche Postbank AG 315 23,882
Deutsche Telekom AG 18,952 301,053
E.ON AG 1,522 180,229
Fraport AG Frankfurt Airport Services Worldwide 321 22,064
Fresenius Medical Care AG & Co. KGaA 189 24,526
Hypo Real Estate Holding AG 355 22,125
Linde AG 267 25,127
MAN AG 317 26,800
Metro AG 508 29,659
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 21
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Muenchener Rueckversicherungs AG 457 $ 72,195
RWE AG 992 91,419
SAP AG 193 38,237
Siemens AG 1,206 105,106
ThyssenKrupp AG 955 32,143
Volkswagen AG 411 34,976
------------
Total Germany 1,872,299
--------------------------------------------------------------------------------
Hong Kong - 3.5%
Bank of East Asia Ltd. 4,418 20,156
BOC Hong Kong (Holdings) Ltd. 33,140 74,427
Cheung Kong (Holdings) Ltd. 4,016 43,112
China Merchants Holdings (International)
Co., Ltd. 4,016 11,777
China Mobile Ltd. 29,124 205,753
China Overseas Land & Investment Ltd. 8,034 6,196
China Resources Enterprise, Ltd. 4,016 8,700
China Resources Power Holdings Co. 4,016 4,247
China Travel International Investment
Hong Kong Ltd. 16,067 3,547
China Unicom Ltd. 12,051 11,877
CITIC International Financial Holdings Ltd. (a) 14,060 8,084
CITIC Pacific Ltd. 6,025 18,557
CLP Holdings Ltd. 8,034 48,664
CNOOC Ltd. 36,153 30,065
Dah Sing Financial Holdings Ltd. 803 7,229
Denway Motors Ltd. 12,051 4,361
Guangdong Investment Ltd. 12,051 4,872
Guangzhou Investment Co., Ltd. 16,067 3,155
Hang Lung Group Ltd. 4,016 10,333
Hang Lung Properties Ltd. 8,034 17,156
Hang Seng Bank Ltd. 6,829 86,280
Henderson Investment Ltd. 4,016 7,246
Henderson Land Development Co., Ltd. 2,008 11,287
Hong Kong & China Gas Co. Ltd. (The) 4,016 9,411
Hong Kong Aircraft Engineering Co. Ltd. 803 11,408
Hongkong Electric Holdings Ltd. 6,025 28,183
Hopewell Holdings Ltd. 2,008 5,721
Hutchison Whampoa Ltd. 6,025 53,196
Hysan Development Co., Ltd. 4,016 10,297
Industrial & Commercial Bank of China Ltd. 4,016 6,999
Lenovo Group Ltd. (a) 12,051 4,732
MTR Corp. 8,034 20,167
New World Development Ltd. 6,025 10,376
PCCW Ltd. 14,060 8,589
Shanghai Industrial Holdings Ltd. 2,008 3,793
Shun TAK Holdings Ltd. 4,016 4,731
Singamas Container Holdings Ltd. 8,034 4,227
Sino Land Co. (a) 4,016 7,112
Sun Hung Kai Properties Ltd. 4,016 43,833
Swire Pacific Ltd. Class A 2,008 20,976
Swire Pacific Ltd. Class B 5,021 9,395
Television Broadcasts Ltd. 2,008 10,823
Wharf Holdings Ltd. 4,016 13,761
Wheelock & Co., Ltd. 4,016 7,030
Wing Hang Bank Ltd. 1,005 9,815
Wing Lung Bank Ltd. 803 7,909
------------
Total Hong Kong 959,565
--------------------------------------------------------------------------------
Ireland - 0.6%
Allied Irish Banks PLC 2,179 57,882
Anglo Irish Bank Corp. PLC 532 8,734
Bank of Ireland 2,231 43,607
C&C Group PLC 486 6,587
CRH PLC 548 18,528
DCC PLC 116 2,902
FBD Holdings PLC 42 2,006
Fyffes PLC 1,247 2,417
Greencore Group PLC 449 2,221
IAWS Group PLC 108 2,007
Independent News & Media PLC 2,191 6,578
Irish Life & Permanent PLC 556 13,945
Kerry Group PLC Class A 102 2,416
Kingspan Group PLC 118 2,422
McInerney Holdings PLC 124 2,007
United Drug PLC 439 1,950
------------
Total Ireland 176,209
--------------------------------------------------------------------------------
Italy - 7.1%
AEM SpA 10,145 27,373
Alleanza Assicurazioni SpA 2,199 25,683
Assicurazioni Generali SpA 1,339 50,037
Autostrade SpA 823 24,385
Banca Carige SpA 5,078 25,859
Banca Intesa SpA 20,002 131,502
Banca Lombarda e Piemontese SpA 1,391 28,598
Banca Monte dei Paschi di Siena SpA 4,065 24,614
Banca Popolare di Milano S.c.r.l. 1,946 25,711
Banca Popolare di Verona e Novara S.c.r.l. 851 23,490
Banche Popolari Unite S.c.r.l. 899 24,166
Capitalia SpA 5,664 46,852
Enel SpA 22,759 207,431
Eni SpA 16,145 477,956
Finmeccanica SpA 1,072 23,914
Fondiaria-Sai SpA 644 28,218
Ifil Investments SpA 4,236 28,601
Italcementi SpA 1,022 25,854
Luxottica Group SpA 929 27,337
Mediaset SpA 2,767 29,706
See Notes to Financial Statements.
22 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Mediobanca SpA 1,638 $ 35,689
Mediolanum SpA 3,486 25,877
RAS Holding SpA 1,821 49,734
RCS MediaGroup SpA (a) 4,387 20,381
Saipem SpA 1,096 23,796
Sanpaolo IMI SpA 3,490 73,609
Snam Rete Gas SpA 7,513 36,450
Telecom Italia SpA 59,730 169,485
Terna SpA 8,374 24,345
UniCredito Italiano SpA 23,630 195,913
------------
Total Italy 1,962,566
--------------------------------------------------------------------------------
Japan - 8.8%
AEON Co., Ltd. 1,400 34,329
Asahi Glass Co., Ltd. 2,000 24,681
Astellas Pharma, Inc. 800 32,186
Bridgestone Corp. 1,400 28,281
Canon Inc. 1,200 62,610
Chubu Electric Power Co., Inc. 1,200 31,203
Chugai Pharmaceutical Co., Ltd. 1,400 30,119
Dai Nippon Printing Co., Ltd. 2,000 30,881
Daiwa Securities Group, Inc. 2,000 23,343
DENSO CORP 800 28,120
East Japan Railway Co. 4 27,985
Eisai Co., Ltd. 600 29,018
Fanuc Ltd. 400 31,237
Fuji Photo Film Co., Ltd. 800 29,204
Hitachi Ltd. 4,000 23,343
Honda Motor Co., Ltd. 1,200 40,351
Hoya Corp. 800 30,153
ITOCHU Corp. 4,000 31,000
Japan Tobacco, Inc. 8 31,102
JFE Holdings, Inc. 800 31,373
Kansai Electric Power Co., Inc. (The) 1,400 32,313
Kao Corp. 2,000 53,360
Kirin Brewery Co., Ltd. 2,000 26,714
Komatsu Ltd. 2,000 34,557
Kyocera Corp. 400 34,252
Kyushu Electric Power Co., Inc. 1,400 33,083
Matsushita Electric Industrial Co., Ltd. 2,000 42,350
Mitsubishi Corp. 1,600 30,085
Mitsubishi Electric Corp. 4,000 33,710
Mitsubishi Estate Co., Ltd. 2,000 43,705
Mitsubishi Heavy Industries Ltd. 8,000 33,134
Mitsubishi UFJ Financial Group, Inc. 4 51,497
Mitsui & Co., Ltd. 2,000 25,444
Mitsui Fudosan Co., Ltd. 2,000 45,483
Mitsui Sumitomo Insurance Co., Ltd. 2,000 25,020
Mizuho Financial Group, Inc. 4 31,034
Nippon Oil Corp. 4,000 29,475
Nippon Steel Corp. 8,000 32,931
Nippon Telegraph & Telephone Corp. 12 58,951
Nissan Motor Co., Ltd. 5,800 64,993
Nitto Denko Corp. 400 23,716
Nomura Holdings, Inc. 1,600 28,188
NTT DoCoMo, Inc. 54 83,242
ORIX Corp. 120 33,185
Ricoh Co., Ltd. 2,000 39,809
Secom Co., Ltd. 1,000 49,549
Sega Sammy Holdings, Inc. 800 25,749
Sekisui House, Ltd. 2,000 30,271
Sharp Corp. 2,000 34,303
Shin-Etsu Chemical Co., Ltd. 600 38,318
Sony Corp. 600 24,292
Sumitomo Chemical Co., Ltd. 4,000 29,882
Sumitomo Corp. 2,000 24,952
Sumitomo Metal Industries Ltd. 8,000 30,695
Sumitomo Mitsui Financial Group, Inc. 2 21,005
Sumitomo Trust & Banking Co., Ltd. (The) 4,000 41,875
Suzuki Motor Corp. 1,400 35,574
T&D Holdings, Inc. 400 28,967
Takeda Pharmaceutical Co., Ltd. 800 49,939
Tohoku Electric Power Co., Inc. 1,400 30,653
Tokyo Electric Power Co., Inc. (The) 1,800 51,836
Tokyo Gas Co., Ltd. 6,000 30,085
Toshiba Corp. 4,000 25,952
Toyota Industries Corp. 800 33,947
Toyota Motor Corp. 3,000 163,129
Yahoo Japan Corp. 62 23,342
------------
Total Japan 2,425,065
--------------------------------------------------------------------------------
Netherlands - 4.3%
ABN AMRO Holding N.V. 6,076 177,026
Aegon N.V. 3,782 70,857
Akzo Nobel N.V. 556 34,216
Buhrmann N.V. 835 12,576
Corio N.V. 247 17,975
CSM N.V. 429 13,640
Eurocommercial Properties N.V. 317 14,958
Euronext N.V. 453 43,985
European Aeronautic Defence & Space Co. N.V. 1,377 39,561
Heineken Holding N.V. 329 12,915
Heineken N.V. 421 19,236
Hunter Douglas N.V. 176 12,329
ING Groep N.V. 5,732 251,884
Koninklijke DSM N.V. 417 18,272
Koninklijke Philips Electronics N.V. 1,646 57,694
Mittal Steel Co. N.V. 385 13,421
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 23
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Randstad Holding N.V. 207 $ 11,776
Reed Elsevier N.V. 1,636 27,252
Rodamco Europe N.V. 271 31,531
Royal KPN N.V. 7,436 94,761
STMicroelectronics N.V. 2,626 45,473
TNT N.V. 716 27,128
Unilever N.V. 4,140 101,740
Vedior N.V. 576 10,777
Wereldhave N.V. 126 13,742
Wolters Kluwer N.V. 630 16,416
------------
Total Netherlands 1,191,141
--------------------------------------------------------------------------------
New Zealand - 0.4%
Air New Zealand Ltd. 4,084 3,573
Auckland International Airport Ltd. 4,902 6,497
CanWest MediaWorks (NZ) Ltd. 1,454 1,339
Contact Energy Ltd. 1,500 7,002
Fisher & Paykel Appliances Holdings Ltd. 1,118 2,635
Fisher & Paykel Healthcare Corp. 1,303 3,531
Fletcher Building Ltd. 1,845 10,335
Freightways Ltd. 626 1,516
Infratil Ltd. 576 1,549
Mainfreight Ltd. 431 1,843
New Zealand Refining Co., Ltd. (The) 1,178 4,845
Nuplex Industries Ltd. 361 1,508
PGG Wrightson Ltd. 1,233 1,336
Port of Tauranga Ltd. 512 1,655
Pumpkin Patch Ltd. 570 1,507
Sanford Ltd. 459 1,423
Sky City Entertainment Group Ltd. 1,955 6,765
Steel & Tube Holdings Ltd. 614 1,844
Telecom Corp. of New Zealand Ltd. 16,361 46,467
Vector Ltd. 2,281 3,530
------------
Total New Zealand 110,700
--------------------------------------------------------------------------------
Norway - 1.0%
Acta Holding ASA 2,008 8,132
Aker ASA Class A 121 5,736
Aker Yards AS 40 3,068
Aktiv Kapital ASA 201 2,713
DnB NOR ASA 4,016 49,225
EDB Business Partner ASA 402 3,176
Ekornes ASA 201 4,147
Norsk Hydro ASA 2,209 49,391
Norske Skogindustrier ASA 803 12,084
Orkla ASA 362 17,243
Schibsted ASA 100 3,007
Sparebanken Midt-Norge 402 4,795
Statoil ASA 2,811 66,516
Storebrand ASA 1,105 11,679
Telenor ASA 2,209 28,838
Tomra Systems ASA 402 2,454
Wilh. Wilhelmsen ASA Class A 100 3,160
Yara International ASA 602 9,143
------------
Total Norway 284,507
--------------------------------------------------------------------------------
Portugal - 0.7%
Banco BPI, S.A. 1,092 8,134
Banco Comercial Portugues S.A. Class R 7,788 24,170
Banco Espirito Santo, S.A. 1,146 17,493
Brisa-Auto-estradas de Portugal S.A. 1,225 13,562
CIMPOR-Cimentos de Portugal SGPS, S.A. 1,576 11,280
EDP-Energias de Portugal S.A. 8,862 38,393
Jeronimo Martins, SGPS, S.A. 269 4,798
Mota-Engil, SGPS, S.A. 437 2,458
Portucel-Empresa Produtora De Pasta E
Papel, S.A. 1,303 3,582
Portugal Telecom, SGPS, S.A. 3,927 48,999
PT Multimedia-Servicos de Telecomunicacoes
e Multimedia, SGPS, S.A. 662 8,009
SAG Gest-Solucoes Automovel Globais,
SGPS, S.A. 943 2,031
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 419 4,299
Sonae SGPS, S.A. 2,707 4,698
------------
Total Portugal 191,906
--------------------------------------------------------------------------------
Singapore - 1.5%
Ascendas Real Estate Investment Trust 4,000 5,421
CapitaCommercial Trust 4,000 5,572
CapitaLand Ltd. 2,000 6,367
CapitaMall Trust Management Ltd. 4,000 6,404
City Developments Ltd. 2,000 13,490
ComfortDelgro Corp., Ltd. 6,000 6,392
Cosco Corp. (Singapore) Ltd. 6,000 6,278
DBS Group Holdings Ltd. 4,000 48,412
Guocoland Ltd. 2,000 3,013
Haw Par Corp., Ltd. 2,000 8,006
Hi-P International Ltd. 8,000 4,211
Jaya Holdings Ltd. 6,000 5,257
Keppel Land Ltd. 2,000 6,253
Keppel Telecommunications & Transportation Ltd. 4,000 3,984
Labroy Marine Ltd. 6,000 6,430
MobileOne Ltd. 4,000 5,320
Oversea-Chinese Banking Corp. Ltd. 8,000 33,031
Parkway Holdings Ltd. 4,000 7,060
SBS Transit Ltd. 3,000 4,160
SembCorp Industries Ltd. 2,000 4,236
SembCorp Marine Ltd. 2,000 4,211
SIA Engineering Co., Ltd. 2,000 4,438
Singapore Airlines Ltd. 2,000 18,406
See Notes to Financial Statements.
24 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Singapore Airport Terminal Services Ltd. 4,000 $ 5,497
Singapore Exchange Ltd. 2,000 5,598
Singapore Land Ltd. 2,000 9,897
Singapore Post Ltd. 8,000 5,093
Singapore Press Holdings Ltd. 4,000 10,338
Singapore Technologies Engineering Ltd. 2,000 3,593
Singapore Telecommunications Ltd. 32,150 49,449
SMRT Corp. Ltd. 6,000 4,198
StarHub Ltd. 5,571 7,901
Straits Trading Co., Ltd. 2,000 3,719
Suntec Real Estate Investment Trust 6,000 5,598
United Industrial Corp., Ltd. 6,000 6,165
United Overseas Bank Ltd. 4,000 41,099
UOL Group Ltd. 2,000 4,413
Venture Corp., Ltd. 2,000 15,885
Want Want Holdings Ltd. 4,000 6,200
Wheelock Properties (Singapore) Ltd. 6,000 6,770
------------
Total Singapore 407,765
--------------------------------------------------------------------------------
Spain - 5.1%
Abertis Infraestructuras S.A. (a) 996 26,117
Acciona, S.A. 100 15,201
Acerinox S.A. (a) 903 17,398
ACS, Actividades Construccion y Servicios, S.A. 387 18,335
Altadis, S.A. 473 22,433
Antena 3 de Television, S.A. 638 13,036
Banco Bilbao Vizcaya Argentaria, S.A. 7,557 174,704
Banco Popular Espanol, S.A. 2,663 43,617
Banco Sabadell S.A. 516 18,524
Banco Santander Central Hispano S.A. 15,674 247,592
Bankinter, S.A. 227 16,103
Cia Espanola De Petroleos, S.A. (a) 427 31,940
Enagas 716 17,333
Endesa S.A. 2,152 91,459
Fadesa Inmobiliaria S.A. (a) 469 20,823
Fomento de Construcciones y Contratas S.A. 215 17,158
Gas Natural SDG, S.A. 1,002 36,492
Gestevision Telecinco S.A. 1,082 27,550
Grupo Ferrovial S.A. (a) 217 17,428
Iberdrola, S.A. 2,038 91,132
Inditex S.A. 409 19,045
Inmobiliaria Colonial, S.A. 94 7,281
Metrovacesa, S.A. (a) 154 18,562
Repsol YPF, S.A. 2,263 67,280
Sacyr Vallehermoso, S.A. (a) 508 23,070
Telefonica S.A. 16,016 277,341
Union Fenosa S.A. 453 23,114
Zardoya-Otis S.A. 403 11,614
------------
Total Spain 1,411,682
--------------------------------------------------------------------------------
Sweden - 3.2%
AB Volvo Class A 402 24,904
AB Volvo Class B 1,005 59,859
Alfa Laval AB 402 13,494
Assa Abloy AB Class B 803 14,929
Atlas Copco AB Class A 803 21,093
Atlas Copco AB Class B 402 10,066
Axfood AB 301 9,139
Electrolux AB Series B 803 13,039
Fabege AB 602 13,307
H&M Hennes & Mauritz AB Class B 1,807 75,574
Holmen AB Class B 201 8,393
Industrivarden AB Class A 402 12,150
Investment AB Kinnevik Class B 803 9,478
Investor AB Class A 402 8,338
Investor AB Class B 803 16,710
JM AB 803 14,107
L E Lundbergforetagen AB Class B 201 10,326
Nordea Bank AB 7,129 93,386
Ratos AB Class B 803 15,093
Sandvik AB 2,410 27,623
Scania AB Class A 402 24,959
Scania AB Class B 402 23,971
Securitas AB Class B 803 10,081
Securitas Direct AB Class B* 803 2,016
Securitas Systems AB Class B* 803 3,013
Skandinaviska Enskilda Banken AB 1,206 32,419
Skanska AB Class B 1,206 20,406
SKF AB Class B 803 11,752
SSAB Svenskt Stal AB Series A 702 13,075
Svenska Cellulosa Aktiebolaget SCA Class B 402 18,431
Svenska Handelsbanken AB Class A 1,607 43,417
Swedbank AB 1,406 41,728
Swedish Match AB 402 6,541
Tele2 AB Class B 1,005 10,148
Telefonaktiebolaget LM Ericsson Class A 4,016 13,946
Telefonaktiebolaget LM Ericsson Class B 20,086 69,616
TeliaSonera AB 9,038 57,963
------------
Total Sweden 874,490
--------------------------------------------------------------------------------
Switzerland - 4.2%
Adecco S.A. 221 13,298
Ciba Specialty Chemicals Holding Inc. 233 14,029
Credit Suisse Group 2,426 139,975
Givaudan S.A. 16 12,772
Holcim Ltd. 273 22,250
Julius Baer Holding Ltd. 160 15,937
Kuehne + Nagel International AG 185 12,762
Nestle S.A. 694 241,306
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 25
Schedule of Investments (unaudited) (concluded)
WisdomTree DIEFA Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Novartis AG 3,183 $ 185,302
Pargesa Holding S.A. 142 13,691
Roche Holding AG 634 109,311
Serono S.A. 20 17,226
SGS S.A. 14 14,056
Swatch Group Ltd. (The) Class B 82 15,799
Swiss Reinsurance Co. 688 52,507
Swisscom AG 170 56,432
UBS AG 3,446 205,559
------------
Total Switzerland 1,142,212
--------------------------------------------------------------------------------
United Kingdom - 27.1%
Anglo American PLC 2,709 112,995
AstraZeneca PLC 2,976 185,559
Aviva PLC 6,734 98,492
BAE SYSTEMS PLC 13,360 98,638
Barclays PLC 21,494 270,609
BG Group PLC 7,005 84,922
BHP Billiton PLC 5,061 87,163
BP PLC 49,291 535,867
British American Tobacco PLC 5,662 152,722
British Sky Broadcasting PLC 8,468 86,365
BT Group PLC 30,846 154,418
Cable & Wireless PLC 19,119 49,463
Cadbury Schweppes PLC 9,412 99,949
Centrica PLC 16,973 103,120
Diageo PLC 7,498 132,146
GlaxoSmithKline PLC 13,014 345,680
GUS PLC 5,349 96,520
HBOS PLC 11,711 231,225
HSBC Holdings PLC 36,198 658,920
Imperial Tobacco Group PLC 2,879 95,725
Kingfisher PLC 21,476 98,385
Land Securities Group PLC 2,755 101,277
Legal & General Group PLC 38,977 103,750
Lloyds TSB Group PLC 29,311 295,384
Man Group PLC 12,450 104,187
Marks & Spencer Group PLC 8,794 105,542
National Grid PLC 9,252 115,359
Old Mutual PLC 30,852 96,530
Pearson PLC 6,630 94,184
Prudential PLC 8,569 106,203
Reckitt Benckiser PLC 2,411 99,710
Reed Elsevier PLC 8,924 98,767
Rio Tinto PLC 1,833 86,523
Royal Bank of Scotland Group (The) PLC 8,677 298,070
Royal Dutch Shell PLC Class A 9,758 321,168
Royal Dutch Shell PLC Class B 6,853 232,083
SABMiller PLC 5,112 95,299
Sage Group PLC 22,179 104,091
Scottish & Southern Energy PLC 4,200 103,402
Scottish Power PLC 8,452 102,858
Smiths Group PLC 5,616 94,047
Standard Chartered PLC 3,814 97,461
Tesco PLC 14,683 98,738
Unilever PLC 4,120 101,356
Vodafone Group PLC 144,447 329,855
Wolseley PLC 4,298 90,400
WPP Group PLC 7,427 91,841
Xstrata PLC 2,608 107,516
------------
Total United Kingdom 7,454,484
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,801,565) 27,367,645
================================================================================
RIGHTS* - 0.0%
United Kingdom - 0.0%
Experian Group Npv, expiring 10/05/06
(Cost: $0) 2,663 --
WARRANTS* - 0.0%
Hong Kong - 0.0%
China Overseas Land & Investment Ltd.,
expiring 07/18/07 (Cost: $0) 1,010 218
------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,801,565) 27,367,863
================================================================================
SHORT-TERM INVESTMENT - 0.5%
MONEY MARKET FUND - 0.5%
United States - 0.5%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $146,892) 146,892 146,892
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.7%
MONEY MARKET FUNDS (c) - 0.7%
UBS Enhanced Yield Portfolio, 5.30% 100,000 100,000
UBS Private Money Market Fund LLC, 5.23% 95,116 95,116
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED (Cost: $195,116) (d) 195,116
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.5%
(Cost: $26,143,573) (e) 27,709,871
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (0.5)% (150,539)
------------
NET ASSETS - 100.0% $27,559,332
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $184,275 and the total market value of the collateral held by the
Fund was $195,116.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
26 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree DIEFA High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.0%
Australia - 11.4%
Alinta Ltd. 2,094 $ 17,814
Alumina Ltd. 4,118 19,022
Amcor Ltd. 4,292 23,798
AMP Ltd. 7,750 51,704
APN News & Media Ltd. 4,448 16,862
Aristocrat Leisure Ltd. 1,686 17,740
Australia & New Zealand Banking Group Ltd. 9,794 196,314
Australian Gas Light Co., Ltd. 2,130 34,095
Australian Stock Exchange Ltd. 1,934 46,906
Baycorp Advantage Ltd. 6,994 15,867
Billabong International Ltd. (a) 1,594 17,427
BlueScope Steel Ltd. 5,246 25,368
Boral Ltd. 2,742 14,794
Brambles Industries Ltd. (a) 2,698 25,671
Caltex Australia Ltd. 1,098 19,583
Coates Hire Ltd. 3,708 15,772
Coca-Cola Amatil Ltd. 4,348 21,707
Coles Myer Ltd. 5,254 56,420
Commonwealth Bank of Australia 7,534 257,218
CSR Ltd. 6,502 14,459
Downer EDI Ltd. 2,862 12,815
Foster's Group Ltd. 9,430 45,319
Futuris Corp., Ltd. 10,208 15,464
Iluka Resources Ltd. 3,422 18,157
Insurance Australia Group Ltd. 10,534 41,506
John Fairfax Holdings Ltd. 5,894 18,561
Leighton Holdings Ltd. 1,268 18,300
Lend Lease Corp. Ltd. 2,166 25,894
Lion Nathan Ltd. 2,910 17,590
Macquarie Bank Ltd. 800 41,283
National Australia Bank Ltd. 8,850 242,378
Nufarm Ltd. (a) 2,182 15,958
OneSteel Ltd. 5,964 18,693
Orica Ltd. 1,030 17,271
Origin Energy Ltd. 3,256 16,207
Perpetual Ltd. (a) 338 18,438
Promina Group Ltd. 5,362 23,728
Publishing & Broadcasting Ltd. 2,484 34,553
Qantas Airways Ltd. 15,592 45,495
QBE Insurance Group Ltd. 2,718 49,694
Record Investments Ltd. 2,068 16,420
Rural Press Ltd. 2,094 17,345
Santos Ltd. 2,552 21,311
Seven Network Ltd. (a) 2,680 17,620
Sigma Pharmaceuticals Ltd. 8,926 17,385
Sims Group Ltd. 1,240 19,155
Sonic Healthcare Ltd. 1,610 15,835
St.George Bank Ltd. 3,100 69,956
Suncorp-Metway Ltd. 3,366 55,111
TABCORP Holdings Ltd. 3,676 42,876
Telstra Corp. Ltd. 55,972 154,963
UNiTAB Ltd. 760 8,451
United Group Ltd. 1,690 17,909
Washington H. Soul Pattinson & Co., Ltd. 2,676 16,635
Wesfarmers Ltd. 2,644 68,919
West Australian Newspapers Holdings Ltd. 2,596 17,571
Westpac Banking Corp. 9,946 168,558
Woodside Petroleum Ltd. 1,832 53,660
Woolworths Ltd. 4,356 65,858
-----------
Total Australia 2,511,383
--------------------------------------------------------------------------------
Austria - 0.1%
BOEHLER-UDDEHOLM AG 121 6,799
Flughafen Wien AG 61 5,086
Semperit AG Holding 52 1,658
Wienerberger AG 206 9,718
-----------
Total Austria 23,261
--------------------------------------------------------------------------------
Belgium - 2.8%
Agfa-Gevaert N.V. 370 8,765
Almancora SCA 152 19,640
Belgacom S.A. 1,936 75,388
Compagnie Maritime Belge S.A. 462 15,731
Cumerio N.V. 182 3,799
Dexia N.V. 2,946 76,242
Euronav N.V. 378 12,253
Fortis N.V. 6,474 262,512
Gimv N.V. 136 8,123
KBC Groep N.V. 966 101,627
Melexis N.V. 230 3,881
Mobistar S.A. 226 18,694
Tessenderlo Chemie N.V. 112 4,248
-----------
Total Belgium 610,903
--------------------------------------------------------------------------------
Denmark - 0.5%
A/S Dampskibsselskabet TORM 402 20,759
Danske Bank A/S 2,404 94,434
-----------
Total Denmark 115,193
--------------------------------------------------------------------------------
Finland - 1.8%
Amer Sports Oyj 402 9,013
Elisa Oyj Class A 602 13,269
Fortum Oyj 4,812 128,069
Kesko Oyj Class B 402 16,886
OKO Bank PLC Class A 800 12,749
Oriola-KD Oyj* 404 1,233
Orion Oyj Class B* 402 7,639
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 27
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Rautaruukki Oyj 800 $ 22,954
Sampo Oyj Class A 2,004 41,734
Sanoma-WSOY Oyj 682 17,477
Sponda Oyj 800 9,019
Stora Enso Oyj Class R 2,404 36,421
TietoEnator Oyj 242 7,106
UPM-Kymmene Corp. 3,008 71,407
Uponor Corp. 402 10,887
-----------
Total Finland 405,863
--------------------------------------------------------------------------------
France - 12.1%
Assurances Generales de France 604 75,976
AXA S.A. 7,248 266,995
Bail Investissement 262 19,067
BNP Paribas 2,922 314,067
Casino Guichard Perrachon S.A. 402 32,362
Credit Agricole S.A. 2,138 93,816
Euler Hermes S.A. 164 19,507
France Telecom S.A. 18,422 422,383
Gecina S.A. 286 38,113
Klepierre 168 25,133
M6, Metropole Television S.A. 632 19,374
PagesJaunes Groupe S.A. 1,686 47,841
Rallye S.A. 386 18,238
Societe Generale 1,416 225,112
Suez S.A. 5,138 225,717
TOTAL S.A. 9,373 614,440
Unibail 164 34,424
Vivendi S.A. 4,924 177,332
-----------
Total France 2,669,897
--------------------------------------------------------------------------------
Germany - 4.7%
AWD Holding AG 222 8,012
BASF AG 1,424 113,912
DaimlerChrysler AG 3,374 168,439
Deutsche Euroshop AG 100 6,925
Deutsche Lufthansa AG 1,498 31,709
Deutsche Post AG 3,616 94,817
Deutsche Telekom AG 21,518 341,814
E.ON AG 1,972 233,516
MVV Energie AG 266 7,827
Norddeutsche Affinerie AG 306 7,365
TUI AG 1,086 22,396
Vossloh AG 132 7,770
-----------
Total Germany 1,044,502
--------------------------------------------------------------------------------
Hong Kong - 2.3%
Bank of East Asia Ltd. 5,612 25,603
BOC Hong Kong (Holdings) Ltd. 44,106 99,054
Cathay Pacific Airways Ltd. 12,000 24,578
China Netcom Group Corp. Ltd. 2,004 3,595
China Travel International Investment
Hong Kong Ltd. 24,058 5,310
CITIC International Financial Holdings Ltd. (a) 12,028 6,915
CITIC Pacific Ltd. 8,018 24,695
CLP Holdings Ltd. 10,024 60,718
Dah Sing Banking Group Ltd. 1,604 3,429
Dah Sing Financial Holdings Ltd. 1,604 14,440
Fountain Set (Holdings) Ltd. 8,018 2,161
Hang Lung Group Ltd. 4,008 10,313
Hang Lung Properties Ltd. 12,028 25,685
Hang Seng Bank Ltd. 8,818 111,410
Hongkong Electric Holdings Ltd. 8,018 37,506
Hopewell Holdings Ltd. 4,008 11,419
i-CABLE Communications Ltd. 16,038 3,149
Industrial & Commercial Bank of China Ltd. 4,008 6,985
Liu Chong Hing Bank Ltd. 4,008 8,898
Oriental Press Group Ltd. 16,038 2,881
PCCW Ltd. 20,048 12,247
Shenzhen Investment Ltd. 8,018 2,830
Wing Lung Bank Ltd. 800 7,880
-----------
Total Hong Kong 511,701
--------------------------------------------------------------------------------
Ireland - 0.8%
Abbey PLC 84 1,001
Allied Irish Banks PLC 2,865 76,105
Bank of Ireland 2,894 56,566
Fyffes PLC 1,618 3,136
Greencore Group PLC 588 2,909
Independent News & Media PLC 2,842 8,532
Irish Life & Permanent PLC 724 18,159
-----------
Total Ireland 166,408
--------------------------------------------------------------------------------
Italy - 10.1%
ACEA SpA 1,078 17,588
AEM SpA 6,346 17,123
Alleanza Assicurazioni SpA 2,854 33,333
Arnoldo Mondadori Editore SpA 1,646 15,231
Autostrada Torino-Milano SpA 716 15,419
Banca Fideuram SpA 1,574 10,019
Banca Intesa SpA 25,966 170,712
Banca Lombarda e Piemontese SpA 878 18,051
Banca Popolare di Verona e Novara S.c.r.l. 760 20,978
Banca Popolare Italiana 1,582 19,088
Banche Popolari Unite S.c.r.l. 1,018 27,364
Benetton Group SpA 1,018 17,499
Capitalia SpA 7,348 60,782
Enel SpA 29,544 269,273
Eni SpA 20,968 620,735
Fondiaria-Sai SpA 406 17,790
See Notes to Financial Statements.
28 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Mediaset SpA 3,596 $ 38,606
Milano Assicurazioni SpA 2,020 14,931
Pirelli & C. Real Estate SpA 226 13,421
RAS Holding SpA 2,366 64,618
Reti Bancarie Holding SpA 306 18,548
Sanpaolo IMI SpA 4,530 95,544
Snam Rete Gas SpA 9,748 47,294
Societa Cattolica di Assicurazioni S.c.r.l. 286 16,955
Telecom Italia SpA 77,538 220,016
Terna SpA 10,232 29,746
Toro Assicurazioni SpA 1,190 31,641
UniCredito Italiano SpA 30,676 254,331
Unipol SpA 6,092 20,392
-----------
Total Italy 2,217,028
--------------------------------------------------------------------------------
Japan - 0.3%
Hokuto Corp. 400 6,640
Nikko Cordial Corp. 2,000 23,208
Oracle Corp. Japan 400 17,313
Takefuji Corp. 280 12,854
Yushiro Chemical Industry Co., Ltd. 400 8,013
-----------
Total Japan 68,028
--------------------------------------------------------------------------------
Netherlands - 4.9%
ABN AMRO Holding N.V. 7,888 229,819
Aegon N.V. 4,912 92,027
Corio N.V. 322 23,433
CSM N.V. 246 7,822
Eurocommercial Properties N.V. 178 8,399
Heijmans N.V. 140 6,443
Hunter Douglas N.V. 100 7,005
ING Groep N.V. 7,436 326,764
Nieuwe Steen Investments N.V. 270 7,087
Nutreco Holding N.V. 112 6,881
OCE N.V. 446 7,153
Reed Elsevier N.V. 2,126 35,414
Rodamco Europe N.V. (a) 354 41,188
Royal KPN N.V. 9,656 123,051
SBM Offshore N.V. 270 7,330
Unilever N.V. 5,372 132,017
Vastned Retail N.V. 84 6,885
Wereldhave N.V. 72 7,853
-----------
Total Netherlands 1,076,571
--------------------------------------------------------------------------------
New Zealand - 0.6%
Air New Zealand Ltd. 5,302 4,639
Auckland International Airport Ltd. 6,364 8,435
CanWest MediaWorks (NZ) Ltd. 1,260 1,160
Contact Energy Ltd. 1,944 9,075
Fisher & Paykel Appliances Holdings Ltd. 1,452 3,422
Fisher & Paykel Healthcare Corp. 1,690 4,579
Fletcher Building Ltd. 2,392 13,400
Freightways Ltd. 760 1,841
Infratil Ltd. 728 1,958
New Zealand Refining Co., Ltd. (The) 1,530 6,293
Nuplex Industries Ltd. 466 1,947
Sanford Ltd. 572 1,774
Sky City Entertainment Group Ltd. 2,541 8,793
Telecom Corp. of New Zealand Ltd. 21,378 60,716
Vector Ltd. 2,960 4,580
Warehouse Group Ltd. (The) 1,758 7,380
-----------
Total New Zealand 139,992
--------------------------------------------------------------------------------
Norway - 0.8%
Acta Holding ASA 2,004 8,116
Aker Yards AS 80 6,136
Aktiv Kapital ASA 402 5,427
DnB NOR ASA 7,824 95,900
Ekornes ASA 402 8,295
Norske Skogindustrier ASA 1,202 18,089
Storebrand ASA 1,804 19,068
Veidekke ASA 202 6,353
-----------
Total Norway 167,384
--------------------------------------------------------------------------------
Portugal - 1.0%
Banco Comercial Portugues S.A. Class R 10,215 31,703
Banco Espirito Santo, S.A. 1,488 22,713
Brisa-Auto-estradas de Portugal S.A. 1,590 17,604
CIMPOR-Cimentos de Portugal SGPS, S.A. 2,044 14,629
EDP-Energias de Portugal S.A. 11,577 50,155
Jeronimo Martins, SGPS, S.A. 350 6,243
Portugal Telecom, SGPS, S.A. 5,135 64,072
PT Multimedia-Servicos de Telecomunicacoes
e Multimedia, SGPS, S.A. 856 10,355
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 1,094 2,356
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 548 5,623
-----------
Total Portugal 225,453
--------------------------------------------------------------------------------
Singapore - 1.9%
Allgreen Properties Ltd. 4,000 4,009
Ascendas Real Estate Investment Trust 4,000 5,421
CapitaCommercial Trust 4,000 5,572
CapitaMall Trust Management Ltd. 4,000 6,404
Chuan Hup Holdings Ltd. 16,000 3,227
ComfortDelgro Corp., Ltd. 8,000 8,522
Creative Technology Ltd. 600 3,933
DBS Group Holdings Ltd. 5,000 60,514
Delong Holdings Ltd. 36,000 2,383
Elec & Eltek International Co., Ltd. 4,000 10,640
GES International Ltd. 4,000 3,101
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 29
Schedule of Investments (unaudited) (continued)
WisdomTree DIEFA High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Haw Par Corp., Ltd. 4,000 $ 16,011
Hong Leong Finance Ltd. 4,000 8,220
Inter-Roller Engineering Ltd. 8,000 4,186
Jaya Holdings Ltd. 4,000 3,505
Jurong Technologies Industrial Corp., Ltd. 4,000 2,925
Macquarie MEAG Prime Real Estate
Investment Trust 4,000 2,458
MobileOne Ltd. 4,000 5,320
Oversea-Chinese Banking Corp. Ltd. 8,000 33,031
Parkway Holdings Ltd. 4,000 7,060
Robinson & Co., Ltd. 4,000 16,768
SembCorp Marine Ltd. 4,000 8,422
Singapore Airlines Ltd. 4,000 36,813
Singapore Airport Terminal Services Ltd. 4,000 5,497
Singapore Post Ltd. 8,000 5,093
Singapore Press Holdings Ltd. 4,000 10,338
Singapore Telecommunications Ltd. 42,900 65,983
SMRT Corp. Ltd. 8,000 5,598
StarHub Ltd. 7,428 10,535
Suntec Real Estate Investment Trust 8,000 7,463
United Overseas Bank Ltd. 4,000 41,099
UOB Kay Hian Holdings Ltd. 4,000 3,253
-----------
Total Singapore 413,304
--------------------------------------------------------------------------------
Spain - 5.0%
Antena 3 de Television, S.A. 820 16,755
Banco Bilbao Vizcaya Argentaria, S.A. 9,808 226,743
Banco Popular Espanol, S.A. 3,458 56,639
Banco Santander Central Hispano S.A. 20,346 321,393
Endesa S.A. 2,794 118,743
Gas Natural SDG, S.A. 1,296 47,199
Gestevision Telecinco S.A. 1,404 35,748
Iberdrola, S.A. 2,644 118,230
Telefonica S.A. 9,125 158,013
-----------
Total Spain 1,099,463
--------------------------------------------------------------------------------
Sweden - 2.8%
AB Volvo Class A 402 24,904
Axfood AB 202 6,133
Cardo AB 402 12,315
Castellum AB 402 4,525
D Carnegie AB 402 8,475
Electrolux AB Series B 800 12,990
Fabege AB 402 8,886
H&M Hennes & Mauritz AB Class B 2,404 100,542
Holmen AB Class B 402 16,785
Intrum Justitia AB 800 7,860
Klovern AB 2,004 6,289
Kungsleden AB 402 4,580
Nordea Bank AB 8,018 105,031
Oresund Investment AB 402 7,433
Ratos AB Class B 800 15,037
Sandvik AB 3,206 36,747
Scania AB Class A 402 24,959
Skanska AB Class B 1,604 27,140
SKF AB Class B 1,604 23,474
SkiStar AB 54 960
Svenska Cellulosa Aktiebolaget SCA Class B 800 36,678
Svenska Handelsbanken AB Class A 2,004 54,143
Swedbank AB 2,004 59,476
-----------
Total Sweden 605,362
--------------------------------------------------------------------------------
Switzerland - 0.5%
Ciba Specialty Chemicals Holding Inc. 262 15,775
EMS-Chemie Holding AG 68 7,858
Swisscom AG 235 78,008
Vontobel Holding AG 202 8,296
-----------
Total Switzerland 109,937
--------------------------------------------------------------------------------
United Kingdom - 34.6%
Alliance & Leicester PLC 2,358 47,834
Aviva PLC 10,981 160,609
BAE SYSTEMS PLC 8,274 61,087
Barclays PLC 27,902 351,286
Boots Group PLC 3,772 54,606
BP PLC 63,998 695,753
British American Tobacco PLC 7,348 198,199
BT Group PLC 40,042 200,455
Cable & Wireless PLC 25,634 66,318
Centrica PLC 12,502 75,956
Compass Group PLC 11,758 58,917
Diageo PLC 9,736 171,588
DSG International PLC 14,440 59,071
Friends Provident PLC 16,054 58,027
Gallaher Group PLC 3,358 54,822
GlaxoSmithKline PLC 16,884 448,478
GUS PLC 3,080 55,577
Hanson PLC 4,380 63,285
HBOS PLC 15,204 300,191
HSBC Holdings PLC 46,986 855,296
Imperial Tobacco Group PLC 2,354 78,269
ITV PLC 26,500 47,892
Kelda Group PLC 3,644 57,892
Kingfisher PLC 12,374 56,687
Ladbrokes PLC 7,176 52,143
Legal & General Group PLC 22,470 59,811
Liberty International PLC 2,718 62,194
Lloyds TSB Group PLC 38,052 383,474
LogicaCMG PLC 17,440 50,493
National Grid PLC 12,008 149,723
See Notes to Financial Statements.
30 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (concluded))
WisdomTree DIEFA High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Northern Rock PLC 2,818 $ 61,482
Old Mutual PLC 17,778 55,624
Pearson PLC 3,824 54,323
Persimmon PLC 2,480 61,983
Prudential PLC 6,382 79,098
Reed Elsevier PLC 5,146 56,954
Rentokil Initial PLC 19,186 52,503
Royal & Sun Alliance Insurance Group 21,886 60,914
Royal Bank of Scotland Group (The) PLC 11,262 386,869
Royal Dutch Shell PLC Class A 12,668 416,946
Scottish & Newcastle PLC 5,532 58,901
Scottish & Southern Energy PLC 3,458 85,135
Scottish Power PLC 6,466 78,689
Severn Trent PLC 2,302 57,448
Smiths Group PLC 3,232 54,123
Standard Chartered PLC 3,386 86,524
Tesco PLC 19,052 128,118
Tomkins PLC 10,498 46,426
Unilever PLC 4,808 118,281
United Utilities PLC 6,040 79,597
Vodafone Group PLC 187,521 428,218
Yell Group PLC 5,436 60,468
-----------
Total United Kingdom 7,604,557
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $20,496,249) 21,786,190
================================================================================
RIGHTS* - 0.0%
United Kingdom - 0.0%
Experian Group Npv, expiring on 10/05/06
(Cost: $0) 1,530 --
------------
TOTAL LONG-TERM INVESTMENTS (Cost: $20,496,249) 21,786,190
================================================================================
SHORT-TERM INVESTMENT - 0.6%
MONEY MARKET FUND - 0.6%
United States - 0.6%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $126,468) 126,468 126,468
================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.4%
MONEY MARKET FUND (c) - 0.4%
UBS Private Money Market Fund LLC, 5.23%
(Cost: $81,050) (d) 81,050 81,050
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.0%
(Cost: $20,703,767) (e) 21,993,708
Foreign Cash and Other Assets in Excess
of Liabilities - 0.0% 7,985
-----------
NET ASSETS - 100.0% $22,001,693
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $76,824 and the total market value of the collateral held by the
Fund was $81,050.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 31
Schedule of Investments (unaudited)
WisdomTree Europe Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 98.9%
Austria - 0.5%
Andritz AG 8 $ 1,219
Bank Austria Creditanstalt AG 130 17,373
BOEHLER-UDDEHOLM AG 48 2,697
Erste Bank der oesterreichischen Sparkassen AG 118 7,339
Flughafen Wien AG 24 1,986
Oesterreichische Elektrizitatswirtschafts AG
Class A 66 3,190
OMV AG 112 5,797
Semperit AG Holding 34 1,084
Telekom Austria AG 230 5,798
UNIQA Versicherungen AG 36 1,140
voestalpine AG 72 2,971
Wiener Staedtische AG 42 2,634
Wienerberger AG 80 3,774
-------------
Total Austria 57,002
--------------------------------------------------------------------------------
Belgium - 2.8%
Ackermans & van Haaren N.V. 64 4,605
Agfa-Gevaert N.V. 234 5,543
Almancora SCA 60 7,753
Belgacom S.A. 771 30,023
Compagnie Maritime Belge S.A. 184 6,265
Delhaize Group 74 6,210
Dexia N.V. 1,176 30,435
Euronav N.V. 182 5,900
Fortis N.V. 2,580 104,616
Groep Colruyt S.A. 30 5,115
Groupe Bruxelles Lambert S.A. 108 11,512
InBev N.V. 276 15,181
KBC Groep N.V. 386 40,609
Mobistar S.A. 88 7,279
Solvay S.A. 90 11,629
UCB S.A. 114 7,242
Umicore 34 5,026
-------------
Total Belgium 304,943
--------------------------------------------------------------------------------
Denmark - 0.6%
A/S Dampskibsselskabet TORM 100 5,164
Auriga Industries A/S Class B 100 2,684
Bang & Olufsen A/S Class B 10 1,072
Danske Bank A/S 1,003 39,400
H. Lundbeck A/S 201 4,678
Novo Nordisk A/S Class B 201 14,921
Spar Nord Bank A/S 150 3,261
-------------
Total Denmark 71,180
--------------------------------------------------------------------------------
Finland - 2.2%
Elisa Oyj Class A 301 6,634
Fortum Oyj 2,006 53,389
Kemira Oyj 201 3,743
Metso Oyj 201 7,389
Nokia Oyj 3,208 63,638
Nokian Renkaat Oyj 301 5,411
OKO Bank PLC Class A 201 3,203
Oriola-KD Oyj* 303 925
Orion Oyj Class B* 201 3,819
Outokumpu Oyj 402 10,251
Rautaruukki Oyj 301 8,636
Sampo Oyj Class A 802 16,702
Sanoma-WSOY Oyj 261 6,688
Sponda Oyj 402 4,532
Stora Enso Oyj Class R 802 12,151
TietoEnator Oyj 161 4,727
UPM-Kymmene Corp. 802 19,039
Wartsila Oyj Class B 201 8,148
YIT Oyj 201 4,652
-------------
Total Finland 243,677
--------------------------------------------------------------------------------
France - 16.2%
Accor S.A. 537 36,563
Assurances Generales de France 256 32,202
AXA S.A. 2,889 106,422
BNP Paribas 1,166 125,326
Bouygues S.A. 585 31,257
Carrefour S.A. 755 47,657
Casino Guichard Perrachon S.A. 392 31,557
Christian Dior S.A. 318 33,072
Cie de Saint-Gobain S.A. 467 33,838
CNP Assurances S.A. 318 30,816
Credit Agricole S.A. 849 37,254
France Telecom S.A. 7,337 168,224
Gaz de France 869 34,565
Groupe Danone 252 35,338
Lafarge S.A. 270 34,818
Lagardere SCA 396 28,543
L'Air Liquide S.A. 160 32,611
L'Oreal S.A. 461 46,776
LVMH Moet Hennessy Louis Vuitton S.A. 342 35,200
Natexis Banques Populaires 122 33,752
Peugeot S.A. 479 26,983
PPR S.A. 258 38,205
Renault S.A. 372 42,623
Sanofi-Aventis 1,051 93,461
Schneider Electric S.A. 312 34,760
Societe Generale 567 90,140
See Notes to Financial Statements.
32 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Suez S.A. 2,045 $ 89,839
TOTAL S.A. 3,713 243,403
Vallourec S.A. 140 32,614
VINCI S.A. 322 35,813
Vivendi S.A. 1,959 70,551
-------------
Total France 1,794,183
--------------------------------------------------------------------------------
Germany - 8.3%
adidas AG 322 15,133
Allianz SE 234 40,455
BASF AG 569 45,517
Bayer AG 731 37,225
Bayerische Motoren Werke AG 356 19,049
Beiersdorf AG 330 17,545
Commerzbank AG 447 15,034
Continental AG 152 17,606
DaimlerChrysler AG 1,344 67,096
Deutsche Bank AG 346 41,708
Deutsche Boerse AG 120 18,028
Deutsche Lufthansa AG 855 18,098
Deutsche Post AG 1,440 37,759
Deutsche Postbank AG 230 17,437
Deutsche Telekom AG 8,527 135,452
E.ON AG 785 92,956
Fresenius Medical Care AG & Co. KGaA 138 17,908
Hypo Real Estate Holding AG 256 15,955
Linde AG 194 18,257
MAN AG 230 19,445
Metro AG 272 15,881
Muenchener Rueckversicherungs AG 236 37,282
RWE AG 515 47,460
SAP AG 98 19,416
Siemens AG 623 54,296
ThyssenKrupp AG 497 16,728
Volkswagen AG 226 19,233
-------------
Total Germany 917,959
--------------------------------------------------------------------------------
Ireland - 0.8%
Allied Irish Banks PLC 1,128 29,964
Anglo Irish Bank Corp. PLC 276 4,531
Bank of Ireland 1,154 22,556
C&C Group PLC 252 3,416
CRH PLC 284 9,602
DCC PLC 56 1,401
FBD Holdings PLC 30 1,433
Greencore Group PLC 276 1,365
IAWS Group PLC 78 1,449
Independent News & Media PLC 1,134 3,404
Irish Life & Permanent PLC 288 7,224
Kerry Group PLC Class A 64 1,516
Kingspan Group PLC 84 1,724
McInerney Holdings PLC 88 1,424
-------------
Total Ireland 91,009
--------------------------------------------------------------------------------
Italy - 9.1%
AEM SpA 7,341 19,807
Alleanza Assicurazioni SpA 1,506 17,589
Assicurazioni Generali SpA 689 25,747
Autostrade SpA 599 17,748
Banca Carige SpA 3,673 18,704
Banca Fideuram SpA 1,632 10,388
Banca Intesa SpA 10,337 67,960
Banca Lombarda e Piemontese SpA 1,005 20,662
Banca Monte dei Paschi di Siena SpA 2,947 17,844
Banca Popolare di Verona e Novara S.c.r.l. 619 17,086
Banche Popolari Unite S.c.r.l. 649 17,445
Capitalia SpA 2,929 24,228
Enel SpA 11,765 107,229
Eni SpA 8,345 247,044
Finmeccanica SpA 775 17,288
Ifil Investments SpA 3,063 20,681
Luxottica Group SpA 671 19,745
Mediaset SpA 1,500 16,104
Mediobanca SpA 859 18,716
RAS Holding SpA 941 25,700
Sanpaolo IMI SpA 1,807 38,112
Snam Rete Gas SpA 3,882 18,834
Telecom Italia SpA 30,869 87,591
Terna SpA 6,060 17,618
UniCredito Italiano SpA 12,212 101,248
-------------
Total Italy 1,011,118
--------------------------------------------------------------------------------
Netherlands - 5.4%
ABN AMRO Holding N.V. 3,135 91,339
Aegon N.V. 1,955 36,627
Akzo Nobel N.V. 288 17,723
Corio N.V. 146 10,625
Euronext N.V. 330 32,042
European Aeronautic Defence & Space Co. N.V. 885 25,426
Heineken Holding N.V. 240 9,422
Heineken N.V. 218 9,961
Hunter Douglas N.V. 128 8,967
ING Groep N.V. 2,965 130,293
Koninklijke DSM N.V. 216 9,464
Koninklijke Philips Electronics N.V. 851 29,828
Mittal Steel Co. N.V. 278 9,691
Randstad Holdings N.V. 150 8,533
Reed Elsevier N.V. 845 14,076
Rodamco Europe N.V. 142 16,522
Royal KPN N.V. 3,841 48,948
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 33
Schedule of Investments (unaudited) (continued)
WisdomTree Europe Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
TNT N.V. 372 $ 14,095
Unilever N.V. 2,139 52,566
Vedior N.V. 418 7,821
Wereldhave N.V. 90 9,816
Wolters Kluwer N.V. 370 9,641
-------------
Total Netherlands 603,426
--------------------------------------------------------------------------------
Norway - 1.3%
Acta Holding ASA 1,003 4,062
Aker ASA Class A 40 1,896
Aker Yards AS 40 3,068
Aktiv Kapital ASA 201 2,713
DnB NOR ASA 2,006 24,588
Ekornes ASA 100 2,063
Norsk Hydro ASA 1,103 24,662
Norske Skogindustrier ASA 402 6,050
Orkla ASA 201 9,574
ProSafe ASA 40 2,455
Schibsted ASA 100 3,007
Statoil ASA 1,505 35,613
Storebrand ASA 603 6,374
Telenor ASA 1,204 15,718
Tomra Systems ASA 402 2,454
Yara International ASA 201 3,053
-------------
Total Norway 147,350
--------------------------------------------------------------------------------
Portugal - 0.9%
Banco BPI, S.A. 567 4,223
Banco Comercial Portugues S.A. Class R 4,024 12,489
Banco Espirito Santo, S.A. 595 9,082
Brisa-Auto-estradas de Portugal S.A. 631 6,986
CIMPOR-Cimentos de Portugal SGPS, S.A. 813 5,819
EDP-Energias de Portugal, S.A. 4,579 19,838
Jeronimo Martins, SGPS, S.A. 140 2,497
Portucel-Empresa Produtora De Pasta E
Papel, S.A. 671 1,844
Portugal Telecom, SGPS, S.A. 2,031 25,342
PT Multimedia-Servicos de Telecomunicacoes
e Multimedia, SGPS, S.A. 344 4,162
SAG Gest-Solucoes Automovel Globais, SGPS, S.A. 681 1,467
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 218 2,237
Sonae SGPS, S.A. 1,403 2,435
-------------
Total Portugal 98,421
--------------------------------------------------------------------------------
Spain - 6.9%
Abertis Infraestructuras S.A. (a) 517 13,557
Acciona, S.A. 74 11,249
ACS, Actividades Construccion y Servicios, S.A. 280 13,265
Altadis, S.A. 246 11,667
Antena 3 de Television, S.A. 465 9,501
Banco Bilbao Vizcaya Argentaria Chile, S.A. 3,904 90,253
Banco Popular Espanol, S.A. 1,378 22,570
Banco Sabadell S.A. 312 11,201
Banco Santander Central Hispano S.A. 8,104 128,014
Bankinter, S.A. 166 11,776
Cia Espanola De Petroleos, S.A. (a) 222 16,606
Enagas 523 12,661
Endesa S.A. 1,112 47,259
Fomento de Construcciones y Contratas S.A. 152 12,130
Gas Natural SDG, S.A. 519 18,901
Gestevision Telecinco S.A. 561 14,284
Grupo Ferrovial S.A. (a) 156 12,529
Iberdrola, S.A. 1,053 47,086
Inditex S.A. 282 13,132
Metrovacesa, S.A. (a) 112 13,500
Repsol YPF, S.A. 1,170 34,785
Telefonica S.A. 10,616 183,831
Union Fenosa S.A. 276 14,083
-------------
Total Spain 763,840
--------------------------------------------------------------------------------
Sweden - 4.1%
AB Volvo Class A 201 12,452
AB Volvo Class B 402 23,944
Alfa Laval AB 201 6,747
Assa Abloy AB Class B 402 7,474
Atlas Copco AB Class A 402 10,559
Atlas Copco AB Class B 402 10,066
Electrolux AB Series B 603 9,791
Eniro AB 603 7,405
H&M Hennes & Mauritz AB Class B 902 37,724
Hexagon AB Class B 201 6,939
Industrivarden AB Class A 201 6,075
Investment AB Kinnevik Class B 603 7,117
Investor AB Class A 402 8,338
Investor AB Class B 402 8,365
L E Lundbergforetagen AB Class B 100 5,137
Nordea Bank AB 4,012 52,555
Sandvik AB 1,204 13,800
Scania AB Class A 201 12,479
Scania AB Class B 201 11,986
Securitas AB Class B 402 5,047
Securitas Direct AB Class B* 402 1,009
Securitas Systems AB Class B* 402 1,508
Skandinaviska Enskilda Banken AB 802 21,559
Skanska AB Class B 402 6,802
SKF AB Class B 402 5,883
SSAB Svenskt Stal AB Series A 703 13,094
Svenska Cellulosa Aktiebolaget SCA Class B 201 9,215
Svenska Handelsbanken AB Class A 802 21,668
See Notes to Financial Statements.
34 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Swedbank AB 802 $ 23,802
Swedish Match AB 402 6,541
Telefonaktiebolaget LM Ericsson Class A 2,006 6,966
Telefonaktiebolaget LM Ericsson Class B 10,030 34,763
TeliaSonera AB 5,015 32,163
-------------
Total Sweden 448,973
--------------------------------------------------------------------------------
Switzerland - 5.3%
Adecco S.A. 162 9,748
Ciba Specialty Chemicals Holding Inc. 170 10,236
Credit Suisse Group 1,254 72,353
Givaudan S.A. 12 9,579
Holcim Ltd. 142 11,573
Julius Baer Holding Ltd. 118 11,753
Kuehne + Nagel International AG 134 9,244
Nestle S.A. 362 125,867
Novartis AG 1,646 95,824
Roche Holding AG 330 56,897
Serono S.A. 14 12,058
Swiss Reinsurance Co. 358 27,322
Swisscom AG 88 29,212
UBS AG 1,783 106,359
-------------
Total Switzerland 588,025
--------------------------------------------------------------------------------
United Kingdom - 34.5%
Anglo American PLC 1,859 77,541
AstraZeneca PLC 1,540 96,022
Aviva PLC 4,803 70,249
BAE SYSTEMS PLC 9,663 71,342
Barclays PLC 11,108 139,850
BG Group PLC 5,068 61,439
BHP Billiton PLC 3,661 63,052
BP PLC 25,481 277,015
British American Tobacco PLC 2,927 78,951
British Sky Broadcasting PLC 6,128 62,500
BT Group PLC 15,939 79,792
Centrica PLC 12,282 74,619
Diageo PLC 3,873 68,258
GlaxoSmithKline PLC 6,727 178,684
GUS PLC 3,869 69,814
HBOS PLC 6,053 119,512
HSBC Holdings PLC 18,707 340,528
Land Securities Group PLC 1,995 73,339
Lloyds TSB Group PLC 15,152 152,697
Marks & Spencer Group PLC 6,362 76,353
National Grid PLC 5,759 71,807
Nichols PLC 64 299
Old Mutual PLC 22,322 69,841
Prudential PLC 6,202 76,867
Reckitt Benckiser PLC 1,749 72,332
Reed Elsevier PLC 6,458 71,475
Rio Tinto PLC 1,330 62,780
Royal Bank of Scotland Group (The) PLC 4,483 153,999
Royal Dutch Shell PLC Class A 5,044 166,015
Royal Dutch Shell PLC Class B 3,538 119,818
SABMiller PLC 3,697 68,920
Sage Group PLC 16,048 75,317
Scottish & Southern Energy PLC 3,043 74,917
Standard Chartered PLC 2,764 70,630
Tesco PLC 10,462 70,353
Unilever PLC 2,985 73,434
Vodafone Group PLC 74,661 170,494
Wolseley PLC 3,109 65,391
WPP Group PLC 5,376 66,479
-------------
Total United Kingdom 3,832,725
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $10,241,442) 10,973,831
================================================================================
RIGHTS* - 0.0%
United Kingdom - 0.0%
Experian Group Npv, expiring on 10/05/06
(Cost: $0) 3,869 --
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $10,241,442) 10,973,831
================================================================================
SHORT-TERM INVESTMENT - 0.9%
MONEY MARKET FUND - 0.9%
United States - 0.9%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $99,387) 99,387 99,387
================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.2%
MONEY MARKET FUND (c) - 0.2%
UBS Private Money Market Fund LLC, 5.23%
(Cost: $25,717) (d) 25,717 25,717
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.0%
(Cost: $10,366,546) (e) 11,098,935
Foreign Cash and Other Assets in Excess
of Liabilities - 0.0% 1,126
-------------
NET ASSETS - 100.0% $ 11,100,061
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $24,476 and the total market value of the collateral held by the
Fund was $25,717.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 35
Schedule of Investments (unaudited)
WisdomTree Europe High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.4%
Austria - 0.0%
BOEHLER-UDDEHOLM AG 180 $ 10,115
--------------------------------------------------------------------------------
Belgium - 3.6%
Almancora SCA 511 66,026
Belgacom S.A. 2,936 114,328
Compagnie Maritime Belge S.A. 700 23,835
Dexia N.V. 4,468 115,630
Euronav N.V. 572 18,542
Fortis N.V. 9,804 397,539
Gimv N.V. 204 12,184
Mobistar S.A. 340 28,124
Tessenderlo Chemie N.V. 320 12,136
-------------
Total Belgium 788,344
--------------------------------------------------------------------------------
Denmark - 0.9%
A/S Dampskibsselskabet TORM 901 46,528
Danske Bank A/S 3,708 145,658
-------------
Total Denmark 192,186
--------------------------------------------------------------------------------
Finland - 2.5%
Elisa Oyj Class A 1,002 22,086
Fiskars Oyj Abp Class A 601 7,956
Fortum Oyj 7,217 192,076
Kesko Oyj Class B 401 16,844
OKO Bank PLC Class A 1,203 19,171
Oriola-KD Oyj* 303 925
Orion Oyj Class B* 401 7,619
Poyry Oyj 802 9,733
Rautaruukki Oyj 1,203 34,516
Sampo Oyj Class A 2,806 58,436
Sanoma-WSOY Oyj 1,002 25,678
Sponda Oyj 802 9,042
Stora Enso Oyj Class R 3,207 48,587
TietoEnator Oyj 401 11,775
UPM-Kymmene Corp. 3,207 76,131
Uponor Corp. 401 10,860
-------------
Total Finland 551,435
--------------------------------------------------------------------------------
France - 9.8%
Assurances Generales de France 912 114,719
BNP Paribas 4,428 475,938
Casino Guichard Perrachon S.A. 604 48,623
Euler Hermes S.A. 340 40,442
France Telecom S.A. 27,904 639,788
Gecina S.A. 428 57,036
M6, Metropole Television 1,136 34,824
PagesJaunes Groupe S.A. 2,556 72,527
Rallye S.A. 792 37,422
Societe Generale 2,148 341,483
Unibail 252 52,895
Vivendi S.A. 7,452 268,374
-------------
Total France 2,184,071
--------------------------------------------------------------------------------
Germany - 4.2%
AWD Holding AG 1,537 55,470
DaimlerChrysler AG 5,108 255,005
Deutsche Lufthansa AG 2,268 48,008
Deutsche Telekom AG 32,540 516,899
Norddeutsche Affinerie AG 668 16,078
TUI AG 1,648 33,986
-------------
Total Germany 925,446
--------------------------------------------------------------------------------
Ireland - 0.6%
Allied Irish Banks PLC 4,319 114,729
Fyffes PLC 2,452 4,752
Independent News & Media PLC 4,308 12,933
-------------
Total Ireland 132,414
--------------------------------------------------------------------------------
Italy - 13.9%
AEM SpA 22,259 60,059
Alleanza Assicurazioni SpA 4,560 53,258
Arnoldo Mondadori Editore SpA 5,776 53,449
Banca Fideuram SpA 7,422 47,244
Banca Intesa SpA 39,323 258,526
Banche Popolari Unite S.c.r.l. 1,972 53,008
Enel SpA 44,742 407,791
Eni SpA 31,746 939,807
Mediaset SpA 5,440 58,402
RAS Holding SpA 3,580 97,774
Sanpaolo IMI SpA 6,864 144,771
Snam Rete Gas SpA 14,768 71,649
Telecom Italia SpA 117,421 333,184
Terna SpA 18,372 53,411
Toro Assicurazioni SpA 2,636 70,089
UniCredito Italiano SpA 46,457 385,169
-------------
Total Italy 3,087,591
--------------------------------------------------------------------------------
Netherlands - 7.0%
ABN AMRO Holding N.V. 11,948 348,108
Aegon N.V. 7,436 139,315
Corio N.V. 484 35,223
Eurocommercial Properties N.V. 640 30,199
Heijmans N.V. 500 23,011
ING Groep N.V. 11,274 495,420
Rodamco Europe N.V. (a) 536 62,364
Royal KPN N.V. 14,620 186,310
Unilever N.V. 8,136 199,942
Wereldhave N.V. 252 27,485
-------------
Total Netherlands 1,547,377
--------------------------------------------------------------------------------
See Notes to Financial Statements.
36 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Norway - 1.0%
ABG Sundal Collier ASA 4,009 $ 17,103
Acta Holding ASA 4,009 16,236
Aker Yards AS 80 6,136
Aktiv Kapital ASA 2,100 28,349
Camillo Eitzen & Co. AS 411 4,603
DnB NOR ASA 7,617 93,363
Ekornes ASA 401 8,274
Norske Skogindustrier ASA 1,604 24,139
Sparebanken Midt-Norge 401 4,783
Storebrand ASA 2,005 21,192
Veidekke ASA 200 6,290
-------------
Total Norway 220,468
--------------------------------------------------------------------------------
Portugal - 0.9%
CIMPOR-Cimentos de Portugal SGPS, S.A. 3,100 22,187
EDP-Energias de Portugal S.A. 17,556 76,058
Portugal Telecom, SGPS, S.A. 7,787 97,162
SAG Gest-Solucoes Automovel Globais,
SGPS, S.A. 1,664 3,583
Semapa-Sociedade de Investimento e Gestao,
SGPS, S.A. 824 8,455
-------------
Total Portugal 207,445
--------------------------------------------------------------------------------
Spain - 5.6%
Antena 3 de Television, S.A. 1,248 25,500
Banco Santander Central Hispano S.A. 31,049 490,461
Endesa S.A. 4,232 179,858
Gas Natural SDG, S.A. 1,964 71,527
Gestevision Telecinco S.A. 2,128 54,182
Iberdrola, S.A. 4,008 179,223
Telefonica S.A. 13,842 239,695
-------------
Total Spain 1,240,446
--------------------------------------------------------------------------------
Sweden - 3.7%
AB Industrivarden Class C 401 11,545
AB Volvo Class A 802 49,684
Axfood AB 401 12,175
Castellum AB 1,203 13,543
Electrolux AB Series B 1,604 26,046
Fabege AB 802 17,728
H&M Hennes & Mauritz AB Class B 3,608 150,896
Holmen AB Class B 401 16,744
Kungsleden AB 1,203 13,707
Nordea Bank AB 14,332 187,741
Ratos AB Class B 802 15,075
Scania AB Class A 802 49,793
Skanska AB Class B 2,406 140,710
Svenska Cellulosa Aktiebolaget SCA Class B 802 36,770
Svenska Handelsbanken AB Class A 3,207 186,646
Swedbank AB 2,806 83,278
-------------
Total Sweden 812,081
--------------------------------------------------------------------------------
Switzerland - 0.7%
Ciba Specialty Chemicals Holding Inc. 396 23,843
EMS-Chemie Holding AG 100 11,555
Swisscom AG 367 121,826
-------------
Total Switzerland 157,224
--------------------------------------------------------------------------------
United Kingdom - 45.0%
Alliance & Leicester PLC 7,608 154,335
Aviva PLC 13,240 193,649
Barclays PLC 42,254 531,977
BP PLC 96,912 1,053,575
British American Tobacco PLC 11,134 300,320
BT Group PLC 60,638 303,560
Centrica PLC 31,562 191,755
Compass Group PLC 37,915 189,984
Diageo PLC 14,744 259,850
Gallaher Group PLC 10,834 176,875
GUS PLC 9,948 179,506
Hanson PLC 13,176 190,375
HBOS PLC 23,023 454,572
HSBC Holdings PLC 71,159 1,295,319
Imperial Tobacco Group PLC 5,356 178,084
Kingfisher PLC 39,935 182,948
Legal & General Group PLC 72,481 192,932
Lloyds TSB Group PLC 57,614 580,611
National Grid PLC 18,188 226,778
Old Mutual PLC 57,366 179,488
Pearson PLC 12,332 175,186
Rentokil Initial PLC 61,911 169,422
Royal Bank of Scotland Group (The) PLC 17,060 586,039
Royal Dutch Shell PLC Class A 19,184 631,409
Scottish & Southern Energy PLC 7,812 192,328
Scottish Power PLC 15,724 191,356
Smiths Group PLC 10,444 174,896
Unilever PLC 7,660 188,443
Vodafone Group PLC 283,979 648,485
-------------
Total United Kingdom 9,974,057
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $21,138,826) 22,030,700
================================================================================
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 37
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
RIGHTS* - 0.0%
United Kingdom - 0.0%
Experian Group Npv, expiring on 10/05/06
(Cost: $0) 4,974 $ --
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $21,138,826) 22,030,700
================================================================================
SHORT-TERM INVESTMENT - 0.4%
MONEY MARKET FUND - 0.4%
United States - 0.4%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $95,561) 95,561 95,561
================================================================================
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.2%
MONEY MARKET FUND (c) - 0.2%
UBS Private Money Market Fund LLC, 5.23%
(Cost: $48,420) (d) 48,420 48,420
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.0%
(Cost: $21,282,807) (e) 22,174,681
Liabilities in Excess of Foreign Cash
and Other Assets - (0.0)% (4,669)
-------------
NET ASSETS - 100.0% $ 22,170,012
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $46,110 and the total market value of the collateral held by the
Fund was $48,420.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
38 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.2%
Austria - 0.8%
AT&S Austria Technologie & Systemtechnik AG 1,141 $ 28,907
Flughafen Wien AG 1,641 135,762
Schoeller-Bleckmann Oilfield Equipment AG 390 14,984
Semperit AG Holding 1,466 46,742
-------------
Total Austria 226,395
--------------------------------------------------------------------------------
Belgium - 4.9%
Barco N.V. 881 80,520
Compagnie Maritime Belge S.A. 12,672 431,486
Cumerio N.V. 2,197 45,865
Econocom Group S.A./N.V. 1,616 11,709
Euronav N.V. 10,350 335,507
EVS Broadcast Equipment S.A. 936 52,051
Gimv N.V. 3,756 224,336
Melexis N.V. 3,818 64,422
Tessenderlo Chemie N.V. 3,069 116,396
-------------
Total Belgium 1,362,292
--------------------------------------------------------------------------------
Denmark - 2.4%
A/S Dampskibsselskabet TORM 8,077 417,097
Amagerbanken A/S 380 24,271
Auriga Industries A/S Class B (a) 1,011 27,134
Bang & Olufsen A/S Class B 505 54,130
NKT Holding A/S 1,261 95,107
Spar Nord Bank A/S 2,017 43,856
-------------
Total Denmark 661,595
--------------------------------------------------------------------------------
Finland - 5.2%
Amer Sports Oyj 5,300 118,834
Aspo Oyj 3,788 30,134
CapMan Oyj Class B 5,049 17,589
Citycon Oyj 15,143 79,607
Comptel PLC 5,680 10,937
Elcoteq SE 2,017 28,080
Elektrobit Group Oyj 9,593 25,154
Finnair Oyj 5,049 82,442
Finnlines Oyj 2,017 40,881
Fiskars Oyj Abp Class A 5,805 76,844
Hk-Ruokatalo Oyj Class A 2,017 27,850
KCI Konecranes PLC 2,522 47,825
Kemira GrowHow Oyj 9,088 63,547
Kyro Oyj Abp 4,038 20,307
Lassila & Tikanoja Oyj 2,522 49,966
M-real Oyj Class B 20,192 102,057
Perlos Oyj 1,767 9,692
PKC Group Oyj 1,516 19,588
Ponsse Oyj 2,222 36,310
Poyry Oyj 5,555 67,412
Raisio PLC Class V 10,094 18,668
Rakentajain Konevuokraam Class B 1,516 25,637
Ramirent Oyj 1,011 43,556
Rapala VMC Oyj 1,516 11,330
Scanfil Oyj 4,544 16,290
Sponda Oyj 12,115 136,585
Stockmann Oyj Abp Class B 2,422 101,645
Talentum Oyj 9,593 43,625
Technopolis PLC 2,017 15,969
Vacon PLC 1,405 44,744
Vaisala Oyj Class A 1,011 35,219
-------------
Total Finland 1,448,324
--------------------------------------------------------------------------------
France - 2.8%
Acanthe Developpement S.A. 17,464 72,783
Alain Afflelou S.A. 1,031 45,436
Assystem 886 19,248
Bacou Dalloz 160 18,738
Canal Plus S.A. 12,106 122,375
CFF RECYCLING 966 31,632
FONCIA Groupe 1,016 47,594
Groupe Steria SCA 345 18,355
Haulotte Group 505 13,056
Ingenico 656 14,251
Kaufman & Broad S.A. 1,006 59,576
Lectra 2,672 15,976
Manitou BF S.A. 2,494 109,690
Oberthur Card Systems S.A. 5,275 31,540
Provimi S.A. 651 24,204
Rodriguez Group 465 22,684
Ste Industrielle d'Aviation Latecoere S.A. 821 27,342
Trigano S.A. 841 37,862
Viel et Compagnie 6,421 36,927
-------------
Total France 769,269
--------------------------------------------------------------------------------
Germany - 5.8%
AWD Holding AG 4,224 152,443
Balda AG 2,057 16,494
BayWa AG 991 26,864
Bechtle AG 1,196 25,453
Comdirect Bank AG (a) 9,693 103,754
Curanum AG 1,256 12,219
DAB Bank AG 4,519 42,189
Deutsche Beteiligungs AG 2,203 49,422
Deutsche Euroshop AG 1,536 106,373
ElringKlinger AG 966 49,559
Gerry Weber International AG 1,086 23,112
Grammer AG 1,201 32,283
H&R WASAG AG 651 36,532
IDS Scheer AG 841 17,951
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 39
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Indus Holding AG 1,857 $ 66,148
Kloeckner-Werke AG 10,192 148,602
Krones AG 335 44,168
Leoni AG 1,406 48,979
Medion AG 2,112 23,436
MPC Muenchmeyer Petersen Capital AG 1,757 146,116
MVV Energie AG 4,393 129,271
Norddeutsche Affinerie AG 4,449 107,080
Sixt AG (a) 565 26,052
Software AG 1,326 81,096
Takkt AG 2,152 31,077
Vossloh AG 1,111 65,400
-------------
Total Germany 1,612,073
--------------------------------------------------------------------------------
Ireland - 1.2%
Abbey PLC 2,297 27,375
Fyffes PLC 43,838 84,964
Glanbia PLC 16,870 57,325
Greencore Group PLC 15,839 78,350
McInerney Holdings PLC 1,556 25,185
Paddy Power PLC 1,822 34,089
United Drug PLC 7,772 34,516
-------------
Total Ireland 341,804
--------------------------------------------------------------------------------
Italy - 6.7%
Aedes SPA 7,607 49,530
AEM Torino SpA 21,098 61,269
Amga SpA 15,218 36,801
Astaldi SpA 3,618 24,932
Azimut Holding SpA 2,062 23,508
Banca IFIS SpA 1,316 17,837
Banca Intermobiliare SpA 11,029 116,518
Banca Popolare dell'Etruria e del Lazio 1,967 38,970
Banca Popolare di Intra Scarl 1,696 30,443
Banca Profilo SpA 18,726 54,796
Banco di Desio e della Brianza SpA 3,618 30,798
Brembo SpA 4,564 48,506
Caltagirone Editore SpA 8,707 72,906
Caltagirone SpA 1,787 18,868
Cam Finanziara SpA 14,147 24,999
Cementir SpA 5,585 43,121
COFIDE - Compagnia Finanziaria De
Benedeth SpA 24,411 32,160
Credito Artigiano SpA 12,991 56,980
Cremonini SpA 36,667 102,766
Ergo Previdenza SpA 7,727 45,319
Fiera Milano SpA 2,777 31,889
Gewiss SpA 3,598 27,347
GranitiFiandre SpA 1,246 11,348
IMMSI SpA (a) 8,918 23,385
Indesit Co. SpA 9,453 103,760
Industria Macchine Automatiche SpA 3,238 45,734
Interpump Group SpA 4,379 38,885
Isagro SpA 1,251 12,519
Marzotto SpA 4,249 19,632
Mirato SpA 1,261 13,905
Mittel SpA 3,923 27,009
Monrif SpA 9,493 13,348
Navigazione Montanari SpA 6,370 27,698
Permasteelisa SpA 1,376 23,705
Piccolo Credito Valtellinese Scarl 7,962 116,593
Premafin Finanziaria SpA 17,559 52,271
Premuda SpA 13,902 26,028
Recordati SpA 10,775 75,344
Societa Iniziative Autostradali e Servizi SpA 12,010 157,919
Sogefi SpA 8,342 58,648
Sol SpA 3,203 18,502
Vittoria Assicurazioni SpA 1,046 15,609
-------------
Total Italy 1,872,105
--------------------------------------------------------------------------------
Netherlands - 5.4%
Arcadis N.V. 636 27,924
Beter BED Holdings N.V. 1,802 34,742
Binck N.V. 2,977 43,292
Eurocommercial Properties N.V. 4,604 217,246
Getronics N.V. 2,557 17,232
Heijmans N.V. 2,122 97,657
Imtech N.V. 1,797 94,127
Koninklijke Wessanen N.V. 10,122 140,017
Macintosh Retail Group N.V. 1,266 38,168
Nieuwe Steen Investments N.V. 5,975 156,826
OCE N.V. 9,924 159,152
Smit Internationale N.V. 776 62,470
Telegraaf Media Groep N.V. 2,557 60,733
Ten Cate N.V. 1,371 33,206
Univar N.V. 1,471 61,585
Van der Moolen Holding N.V. (a) 2,307 15,021
Vastned Offices 2,993 105,780
Vastned Retail N.V. 1,666 136,543
Wegener N.V. 1,091 13,544
-------------
Total Netherlands 1,515,265
--------------------------------------------------------------------------------
Norway - 3.9%
ABG Sundal Collier ASA 75,720 134,164
Acta Holding ASA 55,528 224,884
Aker Yards AS 2,057 157,778
Aktiv Kapital ASA 4,038 54,512
Camillo Eitzen & Co. AS 4,444 49,767
EDB Business Partner ASA 2,017 15,935
Ekornes ASA 5,555 114,617
See Notes to Financial Statements.
40 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Expert ASA 2,017 $ 23,516
Hafslund ASA Class B 2,522 44,105
Leroy Seafood Group ASA 505 8,018
P4 Radio Hele Norge ASA 2,522 10,833
Solstad Offshore ASA 1,705 30,210
Sparebanken Midt-Norge 9,388 111,974
Tomra Systems ASA (a) 3,028 18,488
Veidekke ASA 3,028 95,225
-------------
Total Norway 1,094,026
--------------------------------------------------------------------------------
Portugal - 1.2%
Corticeira Amorim S.A. 8,607 21,043
Finibanco Holding SGPS S.A. 6,075 22,240
Mota-Engil, SGPS, S.A. 11,495 64,652
SAG Gest-Solucoes Automovel Globais,
SGPS, S.A. 29,766 64,100
Semapa-Sociedade de Investimento e
Gestao, SGPS, S.A. 14,763 151,478
-------------
Total Portugal 323,513
--------------------------------------------------------------------------------
Spain - 1.7%
Campofrio Alimentacion S.A. 4,839 89,189
Dinamia Capital Privado S.C.R., S.A. 836 25,427
Europistas, Concesionaria Espanola S.A. 7,421 64,488
Faes Farma S.A. (a) 1,847 51,637
Grupo Duro Felguera S.A. 2,943 17,671
Grupo Empresarial Ence S.A. 1,721 85,699
Miquel y Costas & Miquel, S.A. 460 13,839
Prosegur Cia de Seguridad S.A. 2,412 72,352
Tubacex S.A. 2,657 14,877
Tubos Reunidos, S.A. 1,456 29,566
-------------
Total Spain 464,745
--------------------------------------------------------------------------------
Sweden - 10.3%
AB Industrivarden Class C 5,049 145,368
AddTech AB Class B 2,017 29,174
Avanza AB 4,311 74,707
Axfood AB 6,055 183,834
Bergman & Beving AB Class B 1,011 20,693
Bilia AB Class A 4,038 53,722
Billerud AB 4,038 61,436
Brostrom AB Class B (a) 4,038 82,925
Cardo AB 2,522 77,258
Castellum AB 16,154 181,851
Clas Ohlson AB Class B 2,522 51,534
Concordia Maritime AB Class B 2,017 13,073
D Carnegie AB 11,105 234,115
Fabege AB 13,126 290,155
Gunnebo AB 2,017 19,679
Haldex AB 1,011 19,451
HIQ International AB 7,066 35,482
Hoganas AB Class B 4,038 106,893
Hufvudstaden AB Class A 12,621 106,774
Intrum Justitia AB 6,055 59,488
Invik & Co. AB 1,011 17,141
JM AB 4,043 71,029
Klovern AB 12,621 39,610
Kungsleden AB 16,154 184,055
Munters AB 1,261 48,867
NCC AB Class B 4,544 97,656
Nibe Industrier AB Class B 2,022 26,763
Nolato AB Class B 2,017 19,128
Novestra AB 7,572 20,664
ORC Software AB 2,017 18,853
Oresund Investment AB 5,555 102,708
Peab AB 5,049 82,329
Q-Med AB 2,017 28,761
SkiStar AB 3,028 53,817
SSAB Svenskt Stal AB Series B 4,549 80,694
Svenska Handelsbanken Class B 1,516 41,372
Wallenstam Byggnads AB Class B 3,028 44,830
WM-data AB Class B 15,143 52,691
-------------
Total Sweden 2,878,580
--------------------------------------------------------------------------------
Switzerland - 0.3%
Ascom Holding AG 1,356 15,464
Kudelski S.A. 1,156 34,110
Swiss Steel AG 500 29,048
-------------
Total Switzerland 78,622
--------------------------------------------------------------------------------
United Kingdom - 46.6%
Abacus Group PLC 8,527 26,520
Abbot Group PLC 8,207 43,116
Aero Inventory PLC 3,533 25,639
Aga Foodservice Group PLC 7,777 55,348
Aggreko PLC 16,649 104,183
Alba PLC 5,940 27,878
Alexon Group PLC 6,310 14,822
Alfred McAlpine PLC 7,732 72,359
Alphameric PLC 10,374 13,758
Amstrad PLC 8,362 28,740
Anglo Pacific Group PLC 8,272 21,980
Arla Foods UK PLC 43,307 44,088
Atkins WS PLC 4,309 70,348
Atrium Underwriting PLC 6,631 26,197
Babcock International Group PLC 8,137 53,008
Beazley Group PLC 38,043 80,656
Bespak PLC 2,362 27,134
Big Yellow Group PLC 2,332 21,268
Blacks Leisure Group PLC 2,102 15,784
Bodycote International PLC 20,618 91,469
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 41
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Bovis Homes Group PLC 9,043 $ 156,503
BPP Holdings PLC 4,509 37,080
Brewin Dolphin Holdings PLC 15,068 46,371
Brit Insurance Holdings PLC 62,834 354,461
British Polythene Industries 2,647 20,544
BSS Group PLC 4,254 28,448
Business Post Group PLC 7,922 61,855
Capital & Regional PLC 3,178 70,405
Carillion PLC 18,381 125,665
Carpetright PLC 6,886 148,564
Castings PLC 3,963 19,821
Centaur Media PLC 6,901 16,887
Charles Taylor Consulting PLC 2,642 19,864
Chaucer Holdings PLC 38,468 52,455
Chemring Group PLC 896 25,105
Chesnara PLC 21,228 70,483
Chloride Group PLC 13,136 31,776
Christian Salvesen PLC 42,011 58,267
Clarkson PLC 1,306 21,431
Clinton Cards PLC 35,946 44,652
communisis PLC 23,505 33,369
Computacenter PLC 14,725 68,833
Cranswick PLC 2,847 39,620
Crest Nicholson PLC 7,967 80,660
Croda International PLC 9,253 88,236
Dairy Crest Group PLC 15,683 172,255
Dart Group PLC 6,804 13,409
Datamonitor PLC 3,153 24,030
Davis Service Group PLC 18,316 164,396
Dawson Holdings PLC 10,259 17,534
De La Rue PLC 16,059 171,586
Dechra Pharmaceuticals PLC 3,348 15,807
Delta PLC 11,034 27,928
Derwent Valley Holdings PLC 1,256 42,817
Devro PLC 16,809 38,777
Diploma PLC 1,636 23,088
Domestic & General Group PLC 2,963 52,718
Domino Printing Sciences PLC 7,466 41,838
Domino's Pizza UK & IRL PLC 2,117 18,359
DS Smith PLC 59,866 172,214
DTZ Holdings PLC 1,812 22,136
E2V Technologies PLC 3,843 20,441
Elementis PLC 16,259 26,954
Ennstone PLC 23,120 20,514
Enterprise PLC 3,893 33,451
Erinaceous Group PLC 5,615 33,091
Euromoney Institutional Investor PLC 9,919 84,906
European Motor Holdings PLC 3,528 27,893
Expro International Group PLC 3,043 37,885
Fenner PLC 12,881 48,483
Filtrona PLC 12,621 61,885
Findel PLC 7,021 74,230
FKI PLC 65,967 111,209
Forth Ports PLC 3,208 116,013
French Connection Group PLC 7,266 25,856
Future PLC 38,553 23,225
Galliford Try PLC 14,462 32,957
Game Group PLC 27,649 45,578
Games Workshop Group PLC 5,590 41,324
GCAP Media PLC 17,765 67,945
Genus PLC 2,497 22,505
Go-Ahead Group PLC 3,963 146,277
Grainger Trust PLC 3,368 39,509
Great Portland Estates PLC 10,694 120,854
Greggs PLC 936 72,734
Halfords Group PLC 25,882 162,202
Halma PLC 35,936 128,212
Hardy Underwriting Group PLC 3,828 17,251
Headlam Group PLC 7,737 73,851
Helical Bar PLC 2,507 19,200
Helphire PLC 5,795 42,163
Highway Insurance Holdings PLC 40,540 47,708
Hill & Smith Holdings PLC 3,743 18,109
Hiscox PLC 27,889 118,256
Hitachi Capital UK PLC 5,840 25,363
HMV Group PLC 45,214 136,821
Holidaybreak PLC 4,844 63,610
Homeserve PLC 2,334 72,503
Hornby PLC 3,323 15,611
House of Fraser PLC 28,915 78,992
Hunting PLC 4,999 41,554
Huntleigh Technology PLC 3,098 21,166
IG Group Holdings PLC 5,860 28,351
Interior Services Group PLC 2,522 12,154
Intermediate Capital Group PLC 6,395 170,224
Interserve PLC 11,135 74,879
iSOFT Group PLC 17,975 16,872
ITE Group PLC 14,763 33,643
J D Wetherspoon PLC 4,984 47,550
James Fisher & Sons PLC 2,767 25,404
James Halstead PLC 7,091 61,327
Jardine Lloyd Thompson Group PLC 32,553 237,149
JJB Sports PLC 34,655 121,052
John Laing PLC 7,466 50,380
John Menzies PLC 5,565 46,102
Johnson Service Group PLC 7,141 50,355
See Notes to Financial Statements.
42 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Keller Group PLC 3,568 $ 44,588
Kensington Group PLC 2,832 43,802
Kier Group PLC 1,516 51,992
Kiln PLC 28,640 49,486
Laird Group PLC 11,800 82,877
Liontrust Asset Management PLC 2,587 17,034
London Merchant Securities 22,705 101,894
London Scottish Bank PLC 19,962 44,746
Lookers PLC 8,007 25,426
Luminar PLC 5,885 62,385
Majestic Wine PLC 3,378 18,867
Marshalls PLC 14,973 91,318
Matalan PLC 57,534 200,434
Mcbride PLC 14,152 45,469
McCarthy & Stone PLC 7,051 141,192
McKay Securities PLC 3,338 26,811
Metal Bulletin PLC 2,897 22,106
Metalrax Group PLC 26,082 32,399
Minerva PLC 3,593 20,269
Mitie Group PLC 15,869 59,952
MJ Gleeson Group PLC 2,727 18,414
Morgan Sindall PLC 2,582 55,803
Morse PLC 19,787 37,331
Mothercare PLC 4,904 30,687
MP Evans Group PLC 4,369 22,729
N Brown Group PLC 22,264 98,252
Nichols PLC 4,544 21,220
Northern Foods PLC 127,880 214,985
Northgate PLC 3,733 70,811
Numis Corp PLC 2,792 13,951
Office2office PLC 3,703 17,811
Paragon Group of Cos. (The) PLC 6,185 77,869
Pendragon PLC 8,202 76,451
Photo-Me International PLC 23,901 47,325
Premier Farnell PLC 47,621 161,005
Premier Foods PLC 29,290 145,398
Primary Health Properties PLC 1,912 17,072
Psion PLC 5,179 11,319
PZ Cussons PLC 30,530 89,107
Quintain Estates & Development PLC 6,095 79,696
RAB Capital PLC 10,474 17,608
Rathbone Brothers PLC 3,153 68,320
Redrow PLC 10,569 116,184
Renishaw PLC 4,334 63,551
Rensburg Sheppards PLC 1,977 26,072
Restaurant Group PLC 13,602 60,979
Ricardo PLC 4,329 24,502
RM PLC 6,471 21,758
Robert Walters PLC 2,687 12,661
Robert Wiseman Dairies PLC 4,924 40,033
ROK PLC 1,681 21,760
Rotork PLC 5,084 72,934
royalblue group PLC 976 15,433
RPC Group PLC 8,282 40,532
RPS Group PLC 5,910 25,281
Savills PLC 7,937 78,948
Schroders PLC 4,324 69,907
ScS Upholstery PLC 3,248 29,274
Senior PLC 28,384 29,426
Severfield-Rowen PLC 1,306 36,593
Shaftesbury PLC 3,608 40,471
Shanks Group PLC 22,194 77,007
SMG PLC 24,361 31,057
Smiths News PLC* 14,027 31,508
Songbird Estates PLC Class B 76,561 333,576
Spectris PLC 8,012 94,361
Speedy Hire PLC 1,877 32,905
Spirax-Sarco Engineering PLC 4,984 85,744
SSL International PLC 11,245 73,518
St. Ives Group PLC 21,814 102,378
St. Modwen Properties PLC 6,150 58,818
Stanley Leisure PLC 4,744 76,342
T. Clarke PLC 4,489 19,831
TDG PLC 14,507 58,261
Ted Baker PLC 2,587 23,896
Thorntons PLC 10,734 30,677
Titan Europe PLC 5,084 20,370
Topps Tiles PLC 19,528 94,476
Tribal Group PLC 3,408 11,061
TT electronics PLC 26,738 98,267
Ultra Electronics Holdings PLC 2,867 56,285
Umbro PLC 11,585 31,324
Umeco PLC 3,348 28,330
Uniq PLC 16,359 54,698
UNITE Group PLC 2,012 17,420
UTV PLC 4,394 28,809
Victrex PLC 4,084 60,381
Vitec Group (The) PLC 3,293 33,401
Vp PLC 2,612 14,015
VT Group PLC 10,364 93,603
Wagon PLC 13,006 49,379
Warner Estate Holdings PLC 4,204 61,645
Wellington Underwriting PLC 53,911 91,892
WH Smith PLC* 14,027 94,261
Whatman PLC 5,335 29,897
White Young Green PLC 2,192 15,201
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 43
Schedule of Investments (unaudited) (concluded)
WisdomTree Europe SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Wilmington Group PLC 4,634 $ 17,139
Wincanton PLC 11,765 68,347
Woolworths Group PLC 199,857 132,530
Workspace Group PLC 5,325 40,508
WSP Group PLC 2,532 22,655
Xansa PLC 37,632 57,466
XP Power PLC 1,912 13,643
Yule Catto & Co. PLC 18,276 75,020
Zetex PLC 11,210 15,024
-------------
Total United Kingdom 12,957,711
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $25,371,762) 27,606,319
================================================================================
RIGHTS* - 0.0%
Italy - 0.0%
IMMSI SpA, expiring 10/13/06 (a)
(Cost: $0) 8,918 1,491
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,371,762) 27,607,810
================================================================================
SHORT-TERM INVESTMENT - 0.1%
MONEY MARKET FUND - 0.1%
United States - 0.1%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $18,902) 18,902 18,902
================================================================================
INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED -1.1%
MONEY MARKET FUNDS (c) - 1.1%
UBS Enhanced Yield Portfolio, 5.30% 200,000 200,000
UBS Private Money Market Fund LLC, 5.23% 118,505 118,505
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED
(Cost: $318,505) (d) 318,505
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.4%
(Cost: $25,709,169) (e) 27,945,217
Liabilities in Excess of Foreign Cash
and Other Assets - (0.4)% (114,737)
-------------
NET ASSETS - 100.0% $ 27,830,480
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $302,469 and the total market value of the collateral held by the
Fund was $318,505.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
44 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Japan - 100.5%
COMMON STOCKS - 100.5%
Consumer Discretionary - 23.9%
Aisin Seiki Co., Ltd. 1,500 $ 43,832
Bridgestone Corp. 5,500 111,104
Canon Marketing Japan, Inc. 2,000 47,940
Casio Computer Co., Ltd. 2,500 50,396
Daihatsu Motor Co., Ltd. 5,000 45,780
Daimaru, Inc. 5,000 61,788
Daito Trust Construction Co., Ltd. 1,000 54,292
Daiwa House Industry Co., Ltd. 5,000 86,605
DENSO CORP. 6,000 210,901
Fast Retailing Co., Ltd. 1,000 93,931
Fuji Heavy Industries Ltd. 10,000 56,918
Fuji Photo Film Co., Ltd. 2,500 91,263
Hakuhodo DY Holdings, Inc. 500 32,652
Hikari Tsushin, Inc. 500 26,130
Honda Motor Co., Ltd. 14,000 470,757
Isetan Co., Ltd. 2,000 33,761
Isuzu Motors Ltd. (a) 15,000 49,168
Makita Corp. 1,500 44,086
Marui Co., Ltd. 3,000 43,933
Matsushita Electric Industrial Co., Ltd. 15,000 317,621
Mazda Motor Corp. 5,000 30,322
NGK Spark Plug Co., Ltd. 5,000 99,310
NHK Spring Co., Ltd. 5,000 57,892
Nikon Corp. 5,000 103,333
Nippon Television Network Corp. 300 41,011
Nissan Motor Co., Ltd. 62,000 694,752
Nitori Co., Ltd. 750 33,986
NOK Corp. 1,500 37,035
Onward Kashiyama Co., Ltd. 5,000 71,910
Oriental Land Co., Ltd. 500 28,078
Pioneer Corp. (a) 2,500 44,044
Sankyo Co., Ltd. 500 26,723
Sega Sammy Holdings, Inc. 2,500 80,464
Sekisui Chemical Co., Ltd. 5,000 42,180
Sekisui House, Ltd. 7,000 105,950
Sharp Corp. 10,000 171,516
Shimamura Co., Ltd. 500 48,871
Sony Corp. 3,500 141,702
Stanley Electric Co., Ltd. 2,000 41,333
Sumitomo Rubber Industries, Inc. 3,500 38,538
Suzuki Motor Corp. 2,000 50,819
Takashimaya Co., Ltd. 5,000 63,524
Toho Co., Ltd. 2,500 50,819
Tokyo Broadcasting System, Inc. (a) 1,500 35,002
Toyoda Gosei Co., Ltd. 2,000 44,044
Toyota Boshoku Corp. 2,500 46,373
Toyota Industries Corp. 2,000 84,869
Toyota Motor Corp. 33,300 1,810,747
Yamada Denki Co., Ltd. 500 50,142
Yamaha Corp. 2,000 42,095
Yamaha Motor Co., Ltd. 1,500 39,766
-------------
Total Consumer Discretionary 6,230,008
--------------------------------------------------------------------------------
Consumer Staples - 5.6%
AEON Co., Ltd. 3,000 73,561
Ajinomoto Co., Inc. 5,000 53,869
Asahi Breweries, Ltd. 4,000 58,341
Coca-Cola West Japan Co., Ltd. 1,500 29,983
FamilyMart Co., Ltd. 1,500 41,037
ITO EN, Ltd. 1,000 34,473
Japan Tobacco, Inc. 50 194,385
Kao Corp. 6,000 160,082
Kikkoman Corp. 5,000 58,315
Kirin Brewery Co., Ltd. 5,000 66,785
KOSE Corp. 1,000 32,270
Lawson, Inc. 1,500 52,725
Lion Corp. (a) 5,000 26,934
Meiji Dairies Corp. 5,000 33,795
Meiji Seika Kaisha Ltd. 10,000 50,819
Nippon Meat Packers, Inc. 5,000 56,198
Nisshin Seifun Group, Inc. 2,500 26,087
Nissin Food Products Co., Ltd. 1,000 31,847
Shiseido Co., Ltd. 5,000 99,946
Toyo Suisan Kaisha Ltd. 5,000 72,121
UniCharm Corp. 500 27,781
UNY Co., Ltd. 5,000 66,319
Yakult Honsha Co., Ltd. 2,000 58,781
Yamazaki Baking Co., Ltd. 5,000 48,490
-------------
Total Consumer Staples 1,454,944
--------------------------------------------------------------------------------
Energy - 1.5%
Cosmo Oil Co., Ltd. 5,000 20,624
Japan Petroleum Exploration Co. 500 30,407
Nippon Mining Holdings, Inc. 5,000 35,362
Nippon Oil Corp. 15,000 110,532
Showa Shell Sekiyu K.K. 6,000 66,878
TonenGeneral Sekiyu K.K. (a) 15,000 135,562
-------------
Total Energy 399,365
--------------------------------------------------------------------------------
Financials - 15.0%
Acom Co., Ltd. 2,150 91,780
Aeon Credit Service Co., Ltd. 1,500 35,891
Aiful Corp. 1,000 38,707
Aioi Insurance Co., Ltd. 5,000 34,430
Bank of Fukuoka Ltd. (The) 5,000 36,717
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 45
Schedule of Investments (unaudited) (continued)
WisdomTree Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Bank of Kyoto Ltd. (The) 5,000 $ 50,565
Bank of Yokohama Ltd. (The) 10,000 78,770
Chiba Bank Ltd. (The) 5,000 44,594
Chugoku Bank Ltd. (The) 5,000 70,427
Credit Saison Co., Ltd. 1,000 42,180
Daiwa Securities Group, Inc. 15,000 175,073
Diamond Lease Co., Ltd. 1,000 48,194
Gunma Bank Ltd. (The) 5,000 36,971
Hachijuni Bank Ltd. (The) 5,000 36,251
Hiroshima Bank Ltd. (The) 5,000 29,475
Hokuhoku Financial Group, Inc. 10,000 37,691
Iyo Bank Ltd. (The) 5,000 50,692
Joyo Bank Ltd. (The) 5,000 29,687
Leopalace21 Corp. 1,000 36,505
Mitsubishi Estate Co., Ltd. 5,000 109,262
Mitsubishi UFJ Financial Group, Inc. 40 514,972
Mitsubishi UFJ Securities Co. 5,000 62,677
Mitsui Fudosan Co., Ltd. 2,000 45,483
Mitsui Sumitomo Insurance Co., Ltd. 10,000 125,101
Mitsui Trust Holdings, Inc. 5,000 56,918
Mizuho Financial Group, Inc. 35 271,546
Mizuho Trust & Banking Co., Ltd. (a) 15,000 33,541
Nikko Cordial Corp. 15,000 174,057
Nipponkoa Insurance Co., Ltd. 5,000 39,893
Nishi-Nippon City Bank Ltd. (The) 10,000 49,041
Nomura Holdings, Inc. 13,500 237,836
OMC Card, Inc. 2,500 29,391
ORIX Corp. 150 41,481
Promise Co., Ltd. 1,500 59,713
SBI Holdings, Inc. 100 35,785
Shinko Securities Co., Ltd. 10,000 39,554
Shinsei Bank Ltd. 5,000 30,492
Shizuoka Bank Ltd. (The) 5,000 54,377
Sompo Japan Insurance, Inc. 5,000 65,515
Sumitomo Mitsui Financial Group, Inc. 15 157,540
Sumitomo Realty & Development Co., Ltd. 2,000 58,781
Sumitomo Trust & Banking Co., Ltd. (The) 20,000 209,376
Suruga Bank Ltd. 5,000 62,508
T&D Holdings, Inc. 1,000 72,418
Takefuji Corp. 2,500 114,767
Tokyo Tatemono Co., Ltd. 5,000 56,240
Tokyu Land Corp. 5,000 47,432
UFJ NICOS Co., Ltd. 5,000 32,101
-------------
Total Financials 3,892,398
--------------------------------------------------------------------------------
Health Care - 5.5%
Astellas Pharma, Inc. 4,500 181,044
Chugai Pharmaceutical Co., Ltd. 4,000 86,054
Dainippon Sumitomo Pharma Co., Ltd. 5,000 60,094
Eisai Co., Ltd. 3,000 145,090
Mediceo Paltac Holdings Co., Ltd. 2,000 40,994
Olympus Corp. 5,000 147,376
Shionogi & Co., Ltd. 5,000 91,899
Taisho Pharmaceutical Co., Ltd. 5,000 95,922
Takeda Pharmaceutical Co., Ltd. 8,800 549,325
Terumo Corp. 1,000 37,945
-------------
Total Health Care 1,435,743
--------------------------------------------------------------------------------
Industrials - 16.3%
All Nippon Airways Co., Ltd. (a) 10,000 40,486
Amada Co., Ltd. 5,000 50,227
Asahi Glass Co., Ltd. 10,000 123,407
Chiyoda Corp. 5,000 97,827
Dai Nippon Printing Co., Ltd. 7,000 108,085
Daikin Industries Ltd. 1,000 29,645
East Japan Railway Co. 25 174,903
Fanuc Ltd. 1,000 78,093
Fuji Electric Holdings Co., Ltd. 10,000 51,582
Fujikura Ltd. 5,000 54,758
Hankyu Holdings, Inc. 10,000 62,762
Hino Motors Ltd. 5,000 27,061
Hitachi Construction Machinery Co., Ltd. 2,000 44,721
Hitachi High-Technologies Corp. 1,500 42,434
ITOCHU Corp. 15,000 116,250
Japan Steel Works Ltd. (The) 5,000 34,218
JGC Corp. 5,000 83,598
JS Group Corp. 4,000 83,683
JTEKT Corp. 2,000 38,792
Kajima Corp. 10,000 45,738
Kamigumi Co., Ltd. 5,000 39,004
Kawasaki Heavy Industries Ltd. (a) 15,000 49,676
Kawasaki Kisen Kaisha Ltd. (a) 10,000 63,186
Keihin Electric Express Railway Co., Ltd. (a) 5,000 36,548
Keio Corp. 5,000 33,371
Kintetsu Corp. 10,000 31,339
Kokuyo Co., Ltd. 2,500 39,766
Komatsu Ltd. 5,000 86,393
Kubota Corp. 10,000 82,158
Kurita Water Industries Ltd. 2,000 38,792
Marubeni Corp. 10,000 49,803
Matsushita Electric Works Ltd. 5,000 52,852
MINEBEA CO. LTD. 5,000 27,358
Mitsubishi Corp. 12,500 235,039
Mitsubishi Electric Corp. 10,000 84,276
Mitsubishi Heavy Industries Ltd. 20,000 82,836
Mitsubishi Logistics Corp. 5,000 79,871
Mitsui & Co., Ltd. 15,000 190,826
Mitsui Engineering & Shipbuilding Co., Ltd. 15,000 48,787
See Notes to Financial Statements.
46 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Mitsui O.S.K. Lines Ltd. 20,000 $ 147,885
Nagoya Railroad Co., Ltd. 10,000 32,270
NGK Insulators Ltd. 5,000 70,300
Nippon Express Co., Ltd. 10,000 53,615
Nippon Sheet Glass Co., Ltd. (a) 5,000 23,504
Nippon Yusen K.K. 20,000 121,797
NSK Ltd. 5,000 42,223
NTN Corp. 5,000 39,554
Obayashi Corp. 5,000 35,235
Odakyu Electric Railway Co., Ltd. 5,000 31,805
Secom Co., Ltd. 2,500 123,872
Seino Holdings Corp. 5,000 58,824
Shimizu Corp. 5,000 28,586
SMC Corp. 500 66,192
Sumitomo Corp. 10,000 124,762
Sumitomo Electric Industries Ltd. 3,500 47,402
Sumitomo Heavy Industries Ltd. 5,000 41,884
Taisei Corp. 10,000 35,912
THK Co., Ltd. 1,500 35,447
Tobu Railway Co., Ltd. 10,000 50,481
Tokyu Corp. 5,000 34,388
Toppan Printing Co., Ltd. 5,000 55,478
TOTO Ltd. 5,000 47,177
Toyota Tsusho Corp. 2,000 52,683
USHIO INC. 2,000 43,112
Yamato Holdings Co., Ltd. 5,000 72,375
-------------
Total Industrials 4,256,914
--------------------------------------------------------------------------------
Information Technology - 10.1%
Advantest Corp. 1,000 49,634
Canon, Inc. 12,200 636,532
Citizen Watch Co., Ltd. 4,000 32,931
CSK Holdings Corp. 1,000 41,841
Fujitsu Ltd. 10,000 82,497
Hirose Electric Co., Ltd. 500 66,277
Hitachi Ltd. 35,000 204,252
Hoya Corp. 4,000 150,764
IBIDEN Co., Ltd. (a) 1,000 52,852
Keyence Corp. 500 115,191
Konami Corp. 2,000 50,819
Kyocera Corp. 1,500 128,446
NEC Corp. 15,000 82,455
Nippon Electric Glass Co., Ltd. 5,000 110,321
Nomura Research Institute Ltd. 500 69,453
Oracle Corp. Japan (a) 2,500 108,203
Otsuka Corp. 500 53,191
Ricoh Co., Ltd. 5,000 99,521
Seiko Epson Corp. 1,500 40,910
Sumco Corp. 500 37,056
TDK Corp. 1,000 80,125
Tokyo Electron Ltd. 1,000 73,942
Toshiba Corp. (a) 20,000 129,759
Trend Micro, Inc. 2,500 73,265
Yahoo Japan Corp. 80 30,119
Yokogawa Electric Corp. 3,000 39,436
-------------
Total Information Technology 2,639,792
--------------------------------------------------------------------------------
Materials - 8.3%
Asahi Kasei Corp. 10,000 64,033
Daicel Chemical Industries Ltd. 5,000 34,684
Daido Steel Co., Ltd. 5,000 36,548
Dainippon Ink & Chemicals, Inc. 10,000 36,421
Hitachi Chemical Co., Ltd. 1,500 36,336
Hitachi Metals Ltd. 5,000 47,220
JFE Holdings, Inc. 4,000 156,862
JSR Corp. 1,500 33,033
Kaneka Corp. 5,000 47,347
Kobe Steel Ltd. 20,000 62,847
Kuraray Co., Ltd. 2,500 27,824
Mitsubishi Gas Chemical Co., Inc. 5,000 54,334
Mitsubishi Materials Corp. (a) 10,000 41,248
Mitsubishi Rayon Co., Ltd. 5,000 33,033
Mitsui Chemicals, Inc. 5,000 35,997
Mitsui Mining & Smelting Co., Ltd. 5,000 25,791
Nippon Steel Corp. 60,000 246,982
Nisshin Steel Co., Ltd. 15,000 44,467
Nitto Denko Corp. 1,000 59,289
OJI Paper Co., Ltd. 15,000 82,200
Shin-Etsu Chemical Co., Ltd. 1,500 95,795
Showa Denko K.K. 10,000 43,112
Sumitomo Chemical Co., Ltd. 10,000 74,705
Sumitomo Metal Industries Ltd. 55,000 211,027
Sumitomo Metal Mining Co., Ltd. 5,000 65,557
Taiheiyo Cement Corp. 10,000 37,014
Taiyo Nippon Sanso Corp. 5,000 42,477
Teijin Ltd. 5,000 26,934
Tokuyama Corp. 5,000 66,912
Tokyo Steel Manufacturing Co., Ltd. 2,000 31,491
Toray Industries, Inc. 10,000 75,298
Tosoh Corp. 10,000 40,571
Toyo Seikan Kaisha Ltd. 2,000 38,284
Ube Industries Ltd. 15,000 42,561
Zeon Corp. 5,000 50,608
-------------
Total Materials 2,148,842
--------------------------------------------------------------------------------
Telecommunication Services - 5.8%
Nippon Telegraph & Telephone Corp. 125 614,069
NTT DoCoMo, Inc. 575 886,376
-------------
Total Telecommunication Services 1,500,445
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 47
Schedule of Investments (unaudited) (concluded)
WisdomTree Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Utilities - 8.5%
Chubu Electric Power Co., Inc. 11,500 $ 299,030
Chugoku Electric Power Co., Inc. (The) 6,000 126,540
Electric Power Development Co. 2,000 71,317
Hokkaido Electric Power Co., Inc. 3,000 72,799
Hokuriku Electric Power Co. 3,000 62,762
Kansai Electric Power Co., Inc. (The) 13,500 311,587
Kyushu Electric Power Co., Inc. 8,500 200,864
Osaka Gas Co., Ltd. 25,000 87,240
Saibu Gas Co., Ltd. 2,000 4,540
Shikoku Electric Power Co., Inc. 3,500 76,335
TOHO GAS Co., Ltd. 10,000 43,027
Tohoku Electric Power Co., Inc. 7,000 153,263
Tokyo Electric Power Co., Inc. (The) 20,000 575,954
Tokyo Gas Co., Ltd. 25,000 125,355
-------------
Total Utilities 2,210,613
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS - 100.5%
(Cost: $25,233,556) 26,169,064
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.4%
MONEY MARKET FUNDS (b) - 3.4%
UBS Enhanced Yield Portfolio, 5.30% 400,000 400,000
UBS Private Money Market Fund LLC, 5.23% 489,415 489,415
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL
FOR SECURITIES LOANED (Cost: $889,415) (c) 889,415
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.9%
(Cost: $26,122,971) (d) 27,058,479
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (3.9)% (1,029,734)
-------------
NET ASSETS - 100.0% $ 26,028,745
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2006.
(c) At September 30, 2006, the total market value of the Fund's securities on
loan was $769,973 and the total market value of the collateral held by the
Fund was $889,415.
(d) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
48 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Japan -- 99.4%
COMMON STOCKS -- 99.4%
Consumer Discretionary -- 27.7%
Arnest One Corp. 1,000 $ 14,704
Best Denki Co., Ltd. 5,000 31,042
Bosch Corp. 10,000 53,276
Cleanup Corp. 1,500 11,371
Daidoh Ltd. 1,000 14,196
Daikoku Denki Co., Ltd. 500 12,133
Daiwa House Industry Co., Ltd. 1,684 29,169
Doshisha Co., Ltd. 500 8,915
France Bed Holdings Co., Ltd. 5,000 10,799
Heiwa Corp. 2,000 26,020
Honda Motor Co., Ltd. 30,000 1,008,766
Ichikoh Industries Ltd. 5,000 15,458
Iida Home Max 1,000 16,703
Impact 21 Co., Ltd. 500 8,872
Inaba Seisakusho Co., Ltd. 500 7,750
Japan General Estate Co., Ltd. (The) 500 11,964
Kanto Auto Works Ltd. 1,500 17,787
Kojima Co., Ltd. (a) 1,000 11,917
Marui Co., Ltd. 6,500 95,189
MOS Food Services, Inc. 500 7,144
Nissan Motor Co., Ltd. 132,500 1,484,754
PanaHome Corp. (a) 5,000 35,701
Paris Miki, Inc. 2,500 43,302
Plenus Co., Ltd. 1,000 27,019
Ryowa Life Create Co., Ltd. 2,000 13,552
Sanden Corp. 5,000 20,540
Sangetsu Co., Ltd. 1,500 35,065
Sankyo Seiko Co., Ltd. 1,500 6,505
Sega Sammy Holdings, Inc. 5,000 160,928
Shaddy Co., Ltd. 500 6,873
T RAD Co., Ltd. 5,000 21,768
Touei Housing Corp. 1,000 20,243
Toyo Tire & Rubber Co., Ltd. 5,000 21,429
Toyobo Co., Ltd. 15,000 39,512
Toyota Auto Body Co., Ltd. 2,500 43,514
Toyota Motor Corp. 70,000 3,806,378
Yokohama Rubber Co., Ltd. (The) 10,000 48,024
-------------
Total Consumer Discretionary 7,248,282
--------------------------------------------------------------------------------
Consumer Staples -- 3.8%
Aderans Co., Ltd. 1,000 25,918
Arcs Co., Ltd. 1,500 17,672
Circle K Sunkus Co. Ltd. 2,000 37,606
Coca-Cola West Japan Co., Ltd. 2,000 39,978
FamilyMart Co., Ltd. 2,000 54,716
Hokuto Corp. 1,000 16,601
Kao Corp. (a) 15,000 400,204
Lawson, Inc. 3,000 105,450
Mandom Corp. 1,000 24,393
Mikuni Coca-Cola Bottling Co., Ltd. 1,500 15,843
Ministop Co., Ltd. 1,000 16,982
Morinaga & Co., Ltd. 5,000 12,239
Nippon Beet Sugar Manufacturing Co., Ltd. 5,000 14,949
Shiseido Co., Ltd. 10,000 199,890
Showa Sangyo Co., Ltd. 5,000 12,663
-------------
Total Consumer Staples 995,104
--------------------------------------------------------------------------------
Energy -- 2.7%
Cosmo Oil Co., Ltd. 15,000 61,873
Itochu Enex Co., Ltd. 2,500 14,484
Mitsuuroko Co., Ltd. 1,500 10,418
Nippon Oil Corp. 35,000 257,908
Showa Shell Sekiyu K.K. 13,000 144,903
TonenGeneral Sekiyu K.K. (a) 25,000 225,935
-------------
Total Energy 715,521
--------------------------------------------------------------------------------
Financials -- 7.4%
Acom Co., Ltd. 4,650 198,501
Bank of Yokohama Ltd. (The) 20,000 157,540
Daiwa Securities Group, Inc. (a) 30,000 350,146
Ehime Bank Ltd. (The) 5,000 20,582
Fuji Fire & Marine Insurance Co., Ltd. (The) 10,000 40,147
Hitachi Capital Corp. 3,500 66,701
Hokuetsu Bank Ltd. (The) 10,000 25,749
Ichiyoshi Securities Co., Ltd. 1,500 20,086
Japan Securities Finance Co., Ltd. 2,500 29,602
Marusan Securities Co., Ltd. (a) 1,500 20,201
Matsui Securities Co., Ltd. 4,000 33,371
Meiwa Estate Co., Ltd. 500 7,686
Nikko Cordial Corp. 32,500 377,124
Okasan Holdings, Inc. 5,000 44,128
Promise Co., Ltd. 3,250 129,378
Sanyo Electric Credit Co., Ltd. 1,000 17,744
Shinki Co., Ltd. 2,500 13,764
Shinko Securities Co., Ltd. 10,000 39,554
Sumitomo Mitsui Financial Group, Inc. 4 42,011
Takefuji Corp. 5,350 245,602
Tokai Tokyo Securities Co., Ltd. 5,000 25,706
Urban Corp. 1,500 18,778
-------------
Total Financials 1,924,101
--------------------------------------------------------------------------------
Health Care -- 7.9%
Astellas Pharma, Inc. 9,500 382,205
Eisai Co., Ltd. 7,000 338,542
Kaken Pharmaceutical Co., Ltd. 5,000 34,049
Nagaileben Co., Ltd. 500 9,656
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 49
Schedule of Investments (unaudited) (continued)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Nihon Kohden Corp. 1,000 $ 17,702
Paramount Bed Co., Ltd. 1,000 17,194
Seikagaku Corp. 1,000 10,774
SSP Co., Ltd. 5,000 28,417
Takeda Pharmaceutical Co., Ltd. 18,500 1,154,829
Tanabe Seiyaku Co., Ltd. 5,000 62,677
-------------
Total Health Care 2,056,045
--------------------------------------------------------------------------------
Industrials -- 10.5%
Advan Co., Ltd. (a) 500 5,700
Aica Kogyo Co., Ltd. 1,500 19,400
Airport Facilities Co., Ltd. 1,500 8,919
Amano Corp. 2,000 25,647
Central Glass Co., Ltd. 5,000 27,697
Daiichi Chuo Kisen Kaisha 10,000 19,227
Fukuyama Transporting Co., Ltd. (a) 5,000 16,728
Futaba Corp. 1,000 26,596
Hanwa Co., Ltd. 10,000 36,336
Hibiya Engineering Ltd. 5,000 43,366
Hino Motors Ltd. 10,000 54,123
Hitachi Plant Technologies Ltd. 5,000 27,739
Idec Corp. 1,000 15,932
Inaba Denki Sangyo Co., Ltd. 500 15,627
Japan Pulp & Paper Co., Ltd. 5,000 19,269
JS Group Corp. 9,000 188,286
Kawasaki Kisen Kaisha Ltd. (a) 25,000 157,964
Maruzen Showa Unyu Co., Ltd. 5,000 17,406
Matsushita Electric Works Ltd. 10,000 105,704
Meitec Corp. 1,000 30,746
Mitsui & Co. Ltd. 35,000 445,264
Mitsui O.S.K. Lines Ltd. 40,000 295,769
Miura Co., Ltd. (a) 1,000 24,139
NEC Leasing Ltd. 500 10,291
Nippon Denwa Shisetsu Co., Ltd. 5,000 18,295
Nippon Koei Co., Ltd. 5,000 13,975
Nippon Sharyo Ltd. 5,000 12,366
Nippon Yusen K.K. (a) 45,000 274,044
Nishimatsu Construction Co., Ltd. 10,000 37,352
Nitto Kogyo Corp. 1,000 17,956
Nitto Kohki Co., Ltd. 500 10,693
Oiles Corp. 500 11,413
Okumura Corp. 5,000 27,485
Onoken Co., Ltd. 500 5,963
Raito Kogyo Co., Ltd. 2,500 8,279
Sankyo-Tateyama Holdings, Inc. 10,000 22,784
Sanwa Shutter Corp. 10,000 56,748
Senko Co., Ltd. 5,000 15,119
Shinmaywa Industries Ltd. 5,000 23,970
Shinwa Kaiun Kaisha Ltd. 5,000 15,119
Sumitomo Corp. 25,000 311,904
Taikisha Ltd. (a) 1,500 18,333
Takara Standard Co., Ltd. 5,000 28,671
Toa Corp. 5,000 5,887
Toda Corp. 5,000 23,419
Toenec Corp. 5,000 20,836
Tokyo Kikai Seisakusho Ltd. 5,000 15,754
Tonami Transportation Co., Ltd. 5,000 13,382
Toppan Forms Co., Ltd. 2,500 31,614
Toshiba Plant Systems & Services Corp. 5,000 23,970
Trusco Nakayama Corp. 1,000 19,015
Tsubaki Nakashima Co., Ltd. 1,000 14,712
-------------
Total Industrials 2,736,933
--------------------------------------------------------------------------------
Information Technology -- 8.2%
Canon Inc. 24,750 1,291,323
Capcom Co., Ltd. (a) 1,500 21,802
Daiwabo Information System Co., Ltd. (a) 2,500 31,995
Eizo Nanao Corp. 500 12,917
Hakuto Co., Ltd. 1,000 13,738
Hitachi Systems & Services Ltd. (a) 500 9,719
Information Services International-Dentsu,
Ltd. (a) 1,000 9,893
Kaga Electronics Co., Ltd. 500 9,380
Koei Co., Ltd. (a) 2,000 32,660
Konami Corp. 4,500 114,344
NEC Fielding Ltd. (a) 1,500 19,527
Nidec Copal Electronics Corp. 1,500 10,011
Nomura Research Institute Ltd. 500 69,453
Oracle Corp. Japan (a) 5,000 216,406
Ryosan Co., Ltd. 1,500 38,496
Ryoyo Electro Corp. 1,500 20,988
Sanshin Electronics Co., Ltd. 5,000 51,370
Square Enix Co., Ltd. 2,000 48,533
Sumida Corp. 500 10,143
Toa Corp. 5,000 39,936
Toshiba TEC Corp. 5,000 23,377
Toyo Corp. (a) 500 6,818
Yamatake Corp. 1,500 36,971
-------------
Total Information Technology 2,139,800
--------------------------------------------------------------------------------
Materials -- 7.4%
Asahi Kasei Corp. 25,000 160,081
Asahi Organic Chemicals Industry Co., Ltd. 5,000 19,269
Chuetsu Pulp & Paper Co., Ltd. 5,000 10,841
Daiken Corp. 5,000 17,617
Earth Chemical Co., Ltd. 500 10,884
Hokuetsu Paper Mills Ltd. 5,000 30,365
JFE Holdings, Inc. 9,000 352,941
Kobe Steel Ltd. 40,000 125,693
Kureha Corp. 5,000 22,488
See Notes to Financial Statements.
50 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Japan High-Yielding Equity Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Maruichi Steel Tube Ltd. 3,000 $ 71,274
Nifco, Inc. 1,500 32,524
Nihon Yamamura Glass Co., Ltd. 5,000 14,314
Nippon Kayaku Co., Ltd. 5,000 42,392
Nippon Light Metal Co., Ltd. 10,000 25,156
Nippon Metal Industry Co., Ltd. (a) 5,000 11,731
Nippon Steel Corp. 125,000 514,548
Nisshin Steel Co., Ltd. 25,000 74,112
NOF Corp. 5,000 31,339
OJI Paper Co., Ltd. 30,000 164,401
Okamoto Industries, Inc. 5,000 18,253
Sanyo Chemical Industries Ltd. (a) 5,000 34,091
Toagosei Co., Ltd. 5,000 19,989
Topy Industries Ltd. 5,000 19,184
Toyo Ink Manufacturing Co., Ltd. 5,000 19,565
Wood One Co., Ltd. (a) 5,000 46,966
Yodogawa Steel Works Ltd. 5,000 24,012
Yushiro Chemical Industry Co., Ltd. (a) 500 10,016
-------------
Total Materials 1,924,046
--------------------------------------------------------------------------------
Telecommunication Services -- 7.2%
NTT DoCoMo, Inc. 1,225 1,888,367
--------------------------------------------------------------------------------
Utilities -- 16.6%
Chubu Electric Power Co., Inc. 25,000 650,066
Chugoku Electric Power Co., Inc. (The) 12,500 263,626
Hokkaido Electric Power Co., Inc. 6,500 157,731
Hokuriku Electric Power Co. 7,000 146,445
Kansai Electric Power Co., Inc. (The) 28,500 657,794
Kyushu Electric Power Co., Inc. 18,500 437,174
Osaka Gas Co., Ltd. 55,000 191,928
Saibu Gas Co., Ltd. 10,000 22,699
Shikoku Electric Power Co., Inc. 8,000 174,480
TOHO GAS Co., Ltd. 15,000 64,541
Tohoku Electric Power Co., Inc. 15,000 328,421
Tokyo Electric Power Co., Inc. (The) (a) 43,000 1,238,301
-------------
Total Utilities 4,333,206
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,018,617) 25,961,405
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED -- 10.6%
MONEY MARKET FUNDS (b) -- 10.6%
AIM Liquid Assets Portfolio, 5.21% 10,800 10,800
AIM Prime Portfolio, 5.22% 40,200 40,200
UBS Enhanced Yield Portfolio, 5.30% 1,200,000 1,200,000
UBS Private Money Market Fund LLC, 5.23% 1,509,525 1,509,525
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $2,760,525) (c) 2,760,525
================================================================================
TOTAL INVESTMENTS IN SECURITIES -- 110.0%
(Cost: $27,779,142) (d) 28,721,930
Liabilities in Excess of Cash, Foreign Cash
and Other Assets -- (10.0)% (2,611,957)
-------------
NET ASSETS -- 100.0% $26,109,973
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2006.
(c) At September 30, 2006, the total market value of the Fund's securities on
loan was $2,582,126 and the total market value of the collateral held by
the Fund was $2,760,525.
(d) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 51
Schedule of Investments (unaudited)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.6%
Consumer Discretionary - 21.0%
ABC-Mart, Inc. 1,000 $ 22,361
Aisan Industry Co., Ltd. 1,200 11,526
Akebono Brake Industry Co., Ltd. 2,000 16,838
Alpine Electronics, Inc. 1,600 22,442
AOKI Holdings, Inc. 800 13,789
Arnest One Corp. 1,200 17,645
Asatsu-DK, Inc. 800 24,326
ASICS Corp. 2,000 26,070
Avex Group Holdings, Inc. 1,000 21,132
Belluna Co., Ltd. 500 8,428
Best Denki Co., Ltd. 5,000 31,042
Bosch Corp. 12,000 63,930
Calsonic Kansei Corp. 4,000 25,173
Chiyoda Co., Ltd. 1,200 26,477
Chofu Seisakusho Co., Ltd. 600 12,171
Cleanup Corp. 1,600 12,129
Culture Convenience Club Co., Ltd. 800 7,799
Daidoh Ltd. (a) 1,000 14,196
Daikoku Denki Co., Ltd. 200 4,853
Daiwa House Industry Co., Ltd. 3,684 63,809
DCM Japan Holdings Co., Ltd. 560 7,039
Don Quijote Co., Ltd. 600 12,705
Doshisha Co., Ltd. 400 7,132
Edion Corp. 1,400 24,012
Exedy Corp. 600 16,262
FCC Co., Ltd. 600 14,382
France Bed Holdings Co., Ltd. 8,000 17,279
Futaba Industrial Co., Ltd. 1,000 21,598
Gigas K's Denki Corp. 400 9,842
Goldcrest Co., Ltd. 370 20,088
Gulliver International Co., Ltd. 270 24,355
Gunze Ltd. 4,000 22,632
Hankyu Department Stores, Inc. 4,000 33,846
Heiwa Corp. 2,500 32,524
HIS Co., Ltd. 400 10,130
Hitachi Koki Co., Ltd. 2,000 26,697
Ichikoh Industries Ltd. 2,000 6,183
Iida Home Max 1,200 20,043
Impact 21 Co., Ltd. 800 14,196
Inaba Seisakusho Co., Ltd. 600 9,300
Japan General Estate Co., Ltd. (The) 800 19,142
Japan Wool Textile Co., Ltd. (The) 2,000 16,855
Kanto Auto Works Ltd. 1,800 21,344
Kato Sangyo Co., Ltd. 1,000 13,476
Kayaba Industry Co., Ltd. 6,000 27,036
Keihin Corp. 1,000 25,579
Kenwood Corp. 6,000 11,434
Koito Manufacturing Co., Ltd. 2,000 25,799
Kojima Co., Ltd. (a) 800 9,534
Komeri Co., Ltd. 800 26,697
Konaka Co., Ltd. (a) 420 5,969
Kurabo Industries Ltd. 6,000 16,313
Mars Engineering Corp. (a) 400 8,080
Matsuzakaya Holdings Co., Ltd. 1,000 6,454
Mitsui Home Co., Ltd. 2,000 15,347
Mizuno Corp. 2,000 14,162
MOS Food Services, Inc. 800 11,431
Musashi Seimitsu Industry Co., Ltd. (a) 600 15,551
Nice Corp. 2,000 8,233
Nidec Copal Corp. (a) 1,400 15,676
Nishimatsuya Chain Co., Ltd. 600 11,333
Nissan Shatai Co., Ltd. 2,000 10,825
Nisshinbo Industries, Inc. 4,000 42,248
Nissin Kogyo Co., Ltd. 1,000 22,361
Noritake Co., Ltd. 4,000 22,293
PanaHome Corp. (a) 4,000 28,561
Parco Co., Ltd. 1,400 17,467
Paris Miki, Inc. 2,700 46,767
Pentax Corp. (a) 2,000 8,775
Plenus Co., Ltd. 1,200 32,423
Point, Inc. 200 10,570
Press Kogyo Co., Ltd. 2,000 8,741
RESORTTRUST, Inc. 800 23,377
Right On Co., Ltd. (a) 400 13,247
Riken Corp. 2,000 13,603
Rinnai Corp. 800 22,903
Ryowa Life Create Co., Ltd. 2,300 15,585
Sanden Corp. 4,000 16,432
Sangetsu Co., Ltd. 1,800 42,079
Sankyo Seiko Co., Ltd. 2,000 8,673
Sanyo Shokai Ltd. 4,000 28,798
Seiko Corp. 2,000 14,704
Senshukai Co., Ltd. 2,000 22,530
Shaddy Co., Ltd. 600 8,248
Shimachu Co., Ltd. 600 17,634
Showa Corp. 1,200 21,751
T RAD Co., Ltd. 2,000 8,707
Tenma Corp. 600 11,384
Toei Co., Ltd. 2,000 13,823
Tokai Rika Co., Ltd. 1,400 27,214
Tokai Rubber Industries, Inc. 1,400 20,277
Tokyo Dome Corp. 2,000 10,079
Tokyo Style Co., Ltd. 2,000 24,105
Tokyotokeiba Co., Ltd. 4,000 12,061
See Notes to Financial Statements.
52 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
TOMY Co., Ltd. (a) 2,100 $ 14,603
Touei Housing Corp. 1,000 20,243
Toyo Tire & Rubber Co., Ltd. 6,000 25,715
Toyobo Co., Ltd. 18,000 47,414
Toyota Auto Body Co., Ltd. 2,700 46,995
Unitika Ltd. (a) 8,000 11,045
USS Co., Ltd. 520 33,429
Wacoal Holdings Corp. 2,000 25,206
Xebio Co., Ltd. 400 12,366
Yellow Hat Ltd. 800 9,012
Yokohama Reito Co., Ltd. 2,000 15,195
Yokohama Rubber Co., Ltd. (The) 12,000 57,628
Zenrin Co., Ltd. (a) 400 8,368
-------------
Total Consumer Discretionary 2,097,290
--------------------------------------------------------------------------------
Consumer Staples - 11.7%
Aderans Co., Ltd. 1,000 25,918
Arcs Co., Ltd. 1,800 21,207
Ariake Japan Co., Ltd. 600 12,095
Asahi Soft Drinks Co., Ltd. 1,000 14,822
Calpis Co., Ltd. 2,000 14,992
Circle K Sunkus Co. Ltd. 2,100 39,487
Coca-Cola West Japan Co., Ltd. 2,100 41,977
Dydo Drinco, Inc. 200 7,826
Ezaki Glico Co., Ltd. 2,000 19,430
Fancl Corp. 1,000 14,594
Fuji Oil Co., Ltd. 2,100 19,014
Heiwado Co., Ltd. (a) 1,000 17,617
Hokuto Corp. 1,200 19,921
House Foods Corp. 2,700 44,595
Inageya Co. Ltd. 2,000 14,907
Itoham Foods, Inc. (a) 6,000 24,800
Izumiya Co., Ltd. 2,000 13,450
J-Oil Mills, Inc. 2,000 8,402
Kagome Co., Ltd. 1,600 24,014
Kasumi Co., Ltd. 2,000 11,485
Katokichi Co., Ltd. 3,500 28,607
Kobayashi Pharmaceutical Co., Ltd. 600 22,920
KOSE Corp. 800 25,816
Life Corp. 800 11,661
Lion Corp. (a) 6,000 32,321
Mandom Corp. 1,000 24,393
Maruha Group, Inc. (a) 6,000 14,534
Matsumotokiyoshi Co., Ltd. 1,000 24,055
Meiji Dairies Corp. 4,000 27,036
Meiji Seika Kaisha Ltd. 8,000 40,656
Mercian Corp. 4,000 10,130
Mikuni Coca-Cola Bottling Co., Ltd. 1,400 14,787
Ministop Co., Ltd. 800 13,586
Mitsui Sugar Co., Ltd. 2,000 6,623
Morinaga & Co., Ltd. 8,000 19,582
Morinaga Milk Industry Co., Ltd. 6,000 22,970
Myojo Foods Co., Ltd. 2,000 10,486
Nagatanien Co., Ltd. 2,000 15,144
Nichirei Corp. 6,000 31,661
Nippon Beet Sugar Manufacturing Co., Ltd. 4,000 11,960
Nippon Flour Mills Co., Ltd. 4,000 16,838
Nippon Suisan Kaisha Ltd. 7,100 39,089
Nisshin Oillio Group Ltd. (The) 2,000 11,604
Nosan Corp. 2,000 5,726
QP Corp. 3,500 33,083
Ryoshoku Ltd. 400 9,385
Sakata Seed Corp. 1,200 14,819
Sapporo Holdings Ltd. (a) 6,000 28,510
Seven & I Holdings Co., Ltd. 440 14,162
Showa Sangyo Co., Ltd. 6,000 15,195
Sundrug Co., Ltd. 1,000 22,953
T. Hasegawa Co., Ltd. (a) 1,000 14,788
Takara Holdings, Inc. 4,000 23,512
Tokyu Store Chain Co., Ltd. 2,000 11,858
Toyo Suisan Kaisha Ltd. 2,000 28,849
Valor Co., Ltd. 400 6,945
Yamazaki Baking Co., Ltd. 4,000 38,792
Yaoko Co., Ltd. 400 9,486
-------------
Total Consumer Staples 1,165,075
--------------------------------------------------------------------------------
Energy - 0.6%
AOC Holdings, Inc. 600 10,596
Itochu Enex Co., Ltd. 3,300 19,117
Mitsuuroko Co., Ltd. 2,000 13,891
San-Ai Oil Co., Ltd. 2,000 7,877
Sinanen Co., Ltd. 2,000 9,961
-------------
Total Energy 61,442
--------------------------------------------------------------------------------
Financials - 13.0%
Akita Bank Ltd. (The) 2,000 10,537
Aomori Bank Ltd. (The) 4,000 16,127
Awa Bank Ltd. (The) 4,000 22,157
Bank of Ikeda Ltd. (The) 400 20,599
Bank of Iwate Ltd. (The) 300 17,660
Bank of Nagoya Ltd. (The) 2,000 15,229
Bank of Okinawa Ltd. (The) 400 15,720
Bank of Saga Ltd. (The) 4,000 14,229
Central Finance Co., Ltd. 2,000 12,027
Century Leasing System, Inc. 1,000 12,840
Chukyo Bank Ltd. (The) 4,000 11,960
Cosmo Securities Co., Ltd. (a) 8,000 13,484
Daisan Bank Ltd. (The) 4,000 13,111
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 53
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Daishi Bank Ltd. (The) 8,000 $ 34,828
Diamond City Co., Ltd. 800 37,876
Ehime Bank Ltd. (The) 4,000 16,466
Eighteenth Bank Ltd. (The) 2,000 10,079
Fuji Fire & Marine Insurance Co., Ltd. (The) 10,000 40,146
Fukui Bank Ltd. (The) 4,000 13,078
Fuyo General Lease Co., Ltd. 400 11,248
Heiwa Real Estate Co., Ltd. 3,000 18,702
Higo Bank Ltd. (The) 4,000 28,018
Hitachi Capital Corp. 3,700 70,511
Hokkoku Bank Ltd. (The) 8,000 35,845
Hokuetsu Bank Ltd. (The) 10,000 25,749
Hyakugo Bank Ltd. (The) 4,000 25,816
Hyakujushi Bank Ltd. (The) 4,000 25,037
Ichiyoshi Securities Co., Ltd. 1,400 18,747
JACCS Co., Ltd. 2,000 21,243
Japan Securities Finance Co., Ltd. 3,100 36,707
Juroku Bank Ltd. (The) 6,000 35,624
Kagoshima Bank Ltd. (The) 2,000 14,704
Keiyo Bank Ltd. (The) 4,000 22,530
Marusan Securities Co., Ltd. (a) 1,600 21,547
Meiwa Estate Co., Ltd. 600 9,224
Michinoku Bank Ltd. (The) 2,000 7,996
Mie Bank Ltd. (The) 2,000 10,113
Millea Holdings, Inc. 252 8,794
Mito Securities Co., Ltd. 2,000 10,249
Miyazaki Bank Ltd. (The) 2,000 10,147
Musashino Bank Ltd. (The) 400 22,191
Nissin Co., Ltd. 57,300 35,914
Ogaki Kyoritsu Bank Ltd. (The) 4,000 18,261
Oita Bank Ltd. (The) 2,000 14,365
Okasan Holdings, Inc. 4,000 35,303
Pocket Card Co., Ltd. 1,200 10,825
Ricoh Leasing Co., Ltd. 400 10,164
San-In Godo Bank Ltd. (The) 2,000 18,295
Sanyo Electric Credit Co., Ltd. 1,000 17,744
Sanyo Shinpan Finance Co., Ltd. 820 32,782
Shiga Bank Ltd. (The) 2,000 12,739
Shikoku Bank Ltd. (The) 4,000 18,261
Shinki Co., Ltd. 2,900 15,966
Shoei Co., Ltd. 440 13,603
Sumisho Lease Co., Ltd. 400 22,564
Sumitomo Real Estate Sales Co., Ltd. 290 24,710
TOC Co., Ltd. 2,000 10,537
Tochigi Bank Ltd. (The) 2,000 12,434
Toho Bank Ltd. (The) 4,000 17,313
Tokai Tokyo Securities Co., Ltd. 6,000 30,847
Tokyo Tomin Bank Ltd. (The) 800 33,609
Tomato Bank Ltd. 4,000 9,249
Towa Bank Ltd. (The) 4,000 9,385
Toyo Securities Co., Ltd. 2,000 9,554
Yamagata Bank Ltd. (The) 2,000 10,638
Yamanashi Chuo Bank Ltd. (The) 2,000 14,162
-------------
Total Financials 1,298,119
--------------------------------------------------------------------------------
Health Care - 4.5%
Alfresa Holdings Corp. 700 44,408
Fuso Pharmaceutical Industries, Ltd. 2,000 6,064
Hitachi Medical Corp. 2,000 21,293
Hogy Medical Co., Ltd. 200 8,843
Kaken Pharmaceutical Co., Ltd. 2,000 13,620
Kissei Pharmaceutical Co., Ltd. 2,000 34,473
Miraca Holdings, Inc. 400 9,927
Mochida Pharmaceutical Co., Ltd. 2,000 16,466
Nagaileben Co., Ltd. 800 15,449
Nichii Gakkan Co. (a) 600 9,386
Nihon Kohden Corp. 1,200 21,243
Nikkiso Co., Ltd. 2,000 18,871
Nippon Shinyaku Co., Ltd. 2,000 16,313
Nipro Corp. 2,000 36,505
Paramount Bed Co., Ltd. 1,200 20,633
Seikagaku Corp. 1,400 15,083
SSP Co., Ltd. 4,000 22,733
Sysmex Corp. 400 15,246
Toho Pharmaceutical Co., Ltd. 400 7,149
Topcon Corp. (a) 600 8,639
Torii Pharmaceutical Co., Ltd. 600 11,053
Towa Pharmaceutical Co., Ltd. 400 10,164
Tsumura & Co. 2,000 46,245
ZERIA Pharmaceutical Co., Ltd. 2,000 18,261
-------------
Total Health Care 448,067
--------------------------------------------------------------------------------
Industrials - 24.2%
Advan Co., Ltd. (a) 600 6,840
Aica Kogyo Co., Ltd. 1,800 23,280
Aichi Corp. 1,200 11,221
Aida Engineering Ltd. 2,000 12,400
Airport Facilities Co., Ltd. 1,600 9,513
Amano Corp. 2,300 29,494
Asahi Diamond Industrial Co., Ltd. 2,000 14,179
Asahi Pretec Corp. 600 13,848
Bando Chemical Industries Ltd. 2,000 9,029
Bunka Shutter Co., Ltd. 2,000 11,113
Central Glass Co., Ltd. 6,000 33,236
Chudenko Corp. 1,200 18,447
CKD Corp. 1,000 11,409
COMSYS Holdings Corp. 2,000 21,954
See Notes to Financial Statements.
54 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Cosel Co., Ltd. 600 $ 10,494
Daifuku Co., Ltd. 1,000 12,612
Daiichi Chuo Kisen Kaisha 10,000 19,227
Ebara Corp. (a) 10,000 36,251
Fujitec Co., Ltd. 2,000 12,519
Fukuyama Transporting Co., Ltd. (a) 8,000 26,765
Futaba Corp. 1,400 37,234
Goodwill Group, Inc. (The) 29 17,538
Hanwa Co., Ltd. 10,000 36,336
Hibiya Engineering Ltd. 2,000 17,346
Hitachi Cable Ltd. 8,000 36,116
Hitachi Plant Technologies Ltd. 6,000 33,287
Hitachi Transport System Ltd. 2,500 24,457
IBJ Leasing Co., Ltd. 400 9,978
Idec Corp. 1,200 19,118
Iino Kaiun Kaisha Ltd. 3,500 32,461
Inaba Denki Sangyo Co., Ltd. 800 25,003
Iseki & Co., Ltd. (a) 2,000 5,980
Iwatani International Corp. (a) 4,000 11,688
Japan Airport Terminal Co., Ltd. 1,400 15,297
Japan Foundation Engineering Co., Ltd. 2,700 10,634
Japan Pulp & Paper Co., Ltd. 4,000 15,415
Kamigumi Co., Ltd. 4,000 31,203
Kandenko Co., Ltd. 4,000 27,476
Keisei Electric Railway Co., Ltd. 4,000 24,529
Kintetsu World Express, Inc. 400 9,232
Kitz Corp. 2,000 15,991
Kokuyo Co., Ltd. 1,800 28,632
Komori Corp. 2,000 40,740
Kyodo Printing Co., Ltd. 2,000 7,166
Kyowa Exeo Corp. 2,000 20,904
Kyudenko Corp. 2,000 10,367
Maeda Corp. 4,000 17,482
Maeda Road Construction Co., Ltd. 2,000 14,500
Makino Milling Machine Co., Ltd. 2,000 17,025
Maruzen Showa Unyu Co., Ltd. 2,000 6,962
Max Co., Ltd. 2,000 27,849
Meidensha Corp. (a) 4,000 14,433
Meitec Corp. 1,200 36,895
Minebea Co., Ltd. 6,000 32,829
MISUMI Group, Inc. 1,000 17,152
Mitsuboshi Belting Co., Ltd. 2,000 12,620
Mitsui-Soko Co., Ltd. 2,000 10,960
Miura Co., Ltd. 1,000 24,139
Moshi Moshi Hotline, Inc. 200 7,538
Nabtesco Corp. 2,000 22,699
Nachi-Fujikoshi Corp. 4,000 19,278
Nagase & Co., Ltd. 2,000 24,902
NEC Leasing Ltd. 400 8,233
NEC Networks & System Integration Corp. 800 8,463
Nichias Corp. 2,000 14,077
Nichiha Corp. 600 8,065
Nippo Corp. 2,000 16,279
Nippon Densetsu Kogyo Co., Ltd. 2,000 12,976
Nippon Denwa Shisetsu Co., Ltd. 2,000 7,318
Nippon Kanzai Co., Ltd. 400 8,758
Nippon Koei Co., Ltd. 2,000 5,590
Nippon Konpo Unyu Soko Co., Ltd. 2,000 25,935
Nippon Sharyo Ltd. 4,000 9,893
Nippon Signal Co., Ltd. (The) 2,100 14,443
Nippon Thompson Co., Ltd. 2,000 19,430
Nishimatsu Construction Co., Ltd. (a) 10,000 37,352
Nishi-Nippon Railroad Co., Ltd. 8,000 29,950
Nissan Diesel Motor Co., Ltd. 2,000 7,894
Nissha Printing Co., Ltd. 600 27,239
Nissin Corp. 2,000 7,742
Nitto Boseki Co., Ltd. 4,000 13,213
Nitto Kogyo Corp. 1,000 17,956
Nitto Kohki Co., Ltd. 600 12,832
Nomura Co., Ltd. 2,000 11,113
Noritz Corp. 1,200 20,887
Oiles Corp. 400 9,131
Okamura Corp. 2,000 23,343
Okuma Holdings, Inc. 2,000 17,702
Okumura Corp. 6,000 32,982
Onoken Co., Ltd. 800 9,541
OSG Corp. 2,100 29,917
Raito Kogyo Co., Ltd. 2,500 8,279
Ryobi Ltd. 2,000 14,975
Sagami Railway Co., Ltd. 10,000 34,473
Sanki Engineering Co., Ltd. 2,000 11,892
Sankyo-Tateyama Holdings, Inc. 12,000 27,341
Sankyu, Inc. 2,000 11,502
Sanwa Shutter Corp. 8,000 45,398
Sanyo Denki Co., Ltd. 2,000 13,162
Sato Corp. 600 12,070
Secom Techno Service Co., Ltd. 1,000 44,043
Seino Holdings Corp. 4,000 47,058
Senko Co., Ltd. 4,000 12,095
Shinmaywa Industries Ltd. 2,000 9,588
Shinwa Kaiun Kaisha Ltd. 8,000 24,190
Sohgo Security Services Co., Ltd. 2,500 44,254
Sumitomo Warehouse Co., Ltd. (The) 4,000 28,594
Tadano Ltd. 2,000 18,414
Taikisha Ltd. (a) 1,400 17,111
Takara Standard Co., Ltd. 4,000 22,937
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 55
Schedule of Investments (unaudited) (continued)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Takasago Thermal Engineering Co., Ltd. 2,000 $ 16,940
Takuma Co., Ltd. 2,000 10,520
Toa Corp. 6,000 7,064
Toda Corp. 8,000 37,471
Toenec Corp. 4,000 16,669
Tokyo Kikai Seisakusho Ltd. 2,000 6,302
Tokyo Leasing Co., Ltd. 1,000 12,857
Tonami Transportation Co., Ltd. 2,000 5,353
Toppan Forms Co., Ltd. 3,100 39,201
Toshiba Machine Co., Ltd. 2,000 15,873
Toshiba Plant Systems & Services Corp. 4,000 19,176
Trusco Nakayama Corp. 1,000 19,015
Tsubaki Nakashima Co., Ltd. 1,400 20,597
Tsubakimoto Chain Co. 4,000 18,464
Tsukishima Kikai Co., Ltd. (a) 2,000 21,768
UFJ Central Leasing Co., Ltd. 200 9,164
Union Tool Co. 200 8,317
Yurtec Corp. 2,000 9,300
-------------
Total Industrials 2,424,903
--------------------------------------------------------------------------------
Information Technology - 11.9%
Anritsu Corp. 2,000 10,706
Arisawa Manufacturing Co., Ltd. (a) 1,400 17,135
Canon Electronics, Inc. 600 21,039
Canon Finetech, Inc. 600 10,545
Capcom Co., Ltd. (a) 1,800 26,162
CMK Corp. 600 6,276
Daiwabo Information System Co., Ltd. 1,000 12,798
Denki Kogyo Co., Ltd. 2,000 17,346
Disco Corp. 300 18,422
Eizo Nanao Corp. 600 15,500
Fuji Soft ABC, Inc. 400 10,435
Fujitsu Devices, Inc. 2,000 25,579
Hakuto Co., Ltd. 1,000 13,738
Hamamatsu Photonics K.K. 1,000 30,661
Hitachi Information Systems Ltd. 1,000 18,930
Hitachi Kokusai Electric, Inc. 2,000 23,275
Hitachi Maxell Ltd. 2,300 29,845
Hitachi Software Engineering Co., Ltd. 1,200 21,395
Hitachi Systems & Services Ltd. 400 7,775
Horiba Ltd. 400 12,197
Information Services International-Dentsu Ltd.
(a) 1,000 9,893
Invoice, Inc. (a) 562 19,278
Japan Aviation Electronics Industry Ltd. 2,000 28,323
Japan Digital Laboratory Co., Ltd. 800 12,434
Kaga Electronics Co., Ltd. 800 15,009
Koei Co., Ltd. (a) 2,300 37,560
Mimasu Semiconductor Industry Co., Ltd. 400 8,334
Mitsumi Electric Co., Ltd. 1,400 19,328
NEC Fielding Ltd. 2,100 27,338
NEC Mobiling Ltd. 600 11,739
Nichicon Corp. 1,600 21,195
Nidec Copal Electronics Corp. 1,200 8,009
Nihon Unisys Ltd. 800 14,331
Nippon Chemi-Con Corp. 2,000 14,297
Nippon System Development Co., Ltd. 400 16,296
NS Solutions Corp. 800 20,802
OBIC Business Consultants Ltd. 400 29,814
Obic Co., Ltd. 110 23,264
Oki Electric Industry Co., Ltd. 10,000 22,530
Roland DG Corp. 400 12,840
Ryoden Trading Co., Ltd. 2,000 14,229
Ryosan Co., Ltd. 1,400 35,930
Ryoyo Electro Corp. 1,600 22,388
Sanken Electric Co., Ltd. 2,000 25,884
Sanshin Electronics Co., Ltd. 2,000 20,548
Shimadzu Corp. 4,000 30,797
SMK Corp. 2,000 13,738
Star Micronics Co., Ltd. 2,100 39,932
Sumida Corp. 600 12,171
Sumisho Computer Systems Corp. 1,200 24,241
Taiyo Yuden Co., Ltd. 2,000 30,051
TIS, Inc. 800 18,871
TKC Corp. 600 11,409
Toa Corp. 2,000 15,974
Tokyo Seimitsu Co., Ltd. 400 21,005
Toshiba TEC Corp. 8,000 37,404
Toyo Corp. (a) 800 10,909
Trans Cosmos, Inc. 600 11,816
ULVAC, Inc. 400 14,060
Uniden Corp. 2,000 21,090
Yamatake Corp. 1,600 39,437
-------------
Total Information Technology 1,194,257
--------------------------------------------------------------------------------
Materials - 11.7%
Achilles Corp. 4,000 7,420
ADEKA Corp. 1,800 19,286
Aichi Steel Corp. 2,000 13,941
Air Water, Inc. 4,000 37,573
Asahi Organic Chemicals Industry Co., Ltd. 2,000 7,708
Chuetsu Pulp & Paper Co., Ltd. 4,000 8,673
Daiken Corp. 4,000 14,094
Dainichiseika Color & Chemicals Manufacturing
Co., Ltd. 2,000 10,570
Daio Paper Corp. 2,000 17,753
Denki Kagaku Kogyo K.K. 10,000 38,792
Earth Chemical Co., Ltd. 600 13,061
Fuji Seal International, Inc. 400 10,503
See Notes to Financial Statements.
56 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree Japan SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Godo Steel Ltd. 4,000 $ 21,547
Gun-Ei Chemical Industry Co., Ltd. 2,000 5,997
Hokuetsu Paper Mills Ltd. 6,000 36,438
Koatsu Gas Kogyo Co., Ltd. 2,000 11,943
Kureha Corp. 6,000 26,985
Lintec Corp. 800 18,532
Maruichi Steel Tube Ltd. 3,100 73,649
Mitsubishi Plastics, Inc. 4,000 11,587
Mitsubishi Steel Manufacturing Co., Ltd. 2,000 10,113
Nakayama Steel Works Ltd. 4,000 13,654
Nifco, Inc. 2,100 45,533
Nihon Parkerizing Co., Ltd. 2,000 33,371
Nihon Yamamura Glass Co., Ltd. 4,000 11,451
Nippon Denko Co., Ltd. 4,000 16,432
Nippon Kayaku Co., Ltd. 4,000 33,914
Nippon Light Metal Co., Ltd. 12,000 30,187
Nippon Metal Industry Co., Ltd. (a) 6,000 14,077
Nippon Paint Co., Ltd. (a) 8,000 41,672
Nippon Valqua Industries Ltd. 4,000 13,382
NOF Corp. 4,000 25,071
Okamoto Industries, Inc. 4,000 14,602
Pacific Metals Co., Ltd. 4,000 31,339
Rengo Co., Ltd. 4,000 26,629
S.T. Chemical Co., Ltd. (a) 800 10,428
Sanyo Chemical Industries Ltd. (a) 4,000 27,273
Sanyo Special Steel Co., Ltd. 2,000 15,483
Shin-Etsu Polymer Co., Ltd. 800 11,506
Sumitomo Bakelite Co., Ltd. 4,000 30,221
Sumitomo Light Metal Industries Ltd. 6,000 12,552
Sumitomo Osaka Cement Co., Ltd. 8,000 23,716
Sumitomo Seika Chemicals Co., Ltd. 2,000 11,672
Taiyo Ink Manufacturing Co., Ltd. 200 11,113
Takasago International Corp. 2,000 9,639
Toagosei Co., Ltd. 8,000 31,982
Toho Zinc Co., Ltd. 2,000 15,449
Tokai Carbon Co., Ltd. 2,000 12,739
Tokyo Ohka Kogyo Co., Ltd. 800 21,276
Tomoku Co., Ltd. 4,000 9,080
Topy Industries Ltd. 4,000 15,347
Toyo Ink Manufacturing Co., Ltd. 8,000 31,305
Wood One Co., Ltd. (a) 2,000 18,786
Yamato Kogyo Co., Ltd. 1,600 34,489
Yodogawa Steel Works Ltd. 8,000 38,420
Yushiro Chemical Industry Co., Ltd. (a) 600 12,019
-------------
Total Materials 1,171,974
--------------------------------------------------------------------------------
Utilities - 1.0%
Saibu Gas Co., Ltd. 12,000 27,239
TOHO GAS Co., Ltd. 14,000 60,238
Tokai Corp. 2,000 7,369
-------------
Total Utilities 94,846
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $9,780,328) 9,955,973
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.7%
MONEY MARKET FUNDS (b) - 3.7%
UBS Enhanced Yield Portfolio, 5.30% 200,000 200,000
UBS Private Money Market Fund LLC, 5.23% 177,744 177,744
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $377,744) (c) 377,744
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 103.3%
(Cost: $10,158,072) (d) 10,333,717
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (3.3)% (332,917)
-------------
NET ASSETS - 100.0% 10,000,800
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Interest rates shown reflect yields as of September 30, 2006.
(c) At September 30, 2006, the total market value of the Fund's securities on
loan was $350,799 and the total market value of the collateral held by the
Fund was $377,744.
(d) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 57
Schedule of Investments (unaudited)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 98.2%
Australia - 58.3%
A.B.C. Learning Centres Ltd. (a) 4,786 $ 22,358
Adelaide Bank Ltd. (a) 2,606 24,990
Adelaide Brighton Ltd. 12,876 22,677
Alinta Ltd. 3,178 27,036
Allco Finance Group Ltd. 2,984 23,693
Alumina Ltd. 9,216 42,571
Amcor Ltd. 9,603 53,245
AMP Ltd. 17,342 115,697
APN News & Media Ltd. 6,414 24,315
Aristocrat Leisure Ltd. 2,974 31,292
Australia & New Zealand Banking Group Ltd. 21,895 438,869
Australian Gas Light Co., Ltd. 4,758 76,162
Australian Pipeline Trust 1,714 6,229
Australian Stock Exchange Ltd. 4,560 110,594
AXA Asia Pacific Holdings Ltd. 8,600 41,715
Bank of Queensland Ltd. (a) 2,408 27,799
Baycorp Advantage Ltd. 10,087 22,883
Bendigo Bank Ltd. 2,649 28,565
BHP Billiton Ltd. 14,655 280,296
Billabong International Ltd. (a) 2,300 25,145
BlueScope Steel Ltd. 11,723 56,689
Boral Ltd. 6,127 33,058
Brambles Industries Ltd. (a) 6,028 57,355
Caltex Australia Ltd. 1,860 33,174
Challenger Financial Services Group Ltd. 9,866 25,548
Coates Hire Ltd. 5,346 22,740
Coca-Cola Amatil Ltd. 9,726 48,556
Cochlear Ltd. 628 24,838
Coles Myer Ltd. 11,745 126,124
Commonwealth Bank of Australia 16,853 575,376
Computershare Ltd. 4,164 23,959
Corporate Express Australia Ltd. 5,255 20,588
CSL Ltd. 606 24,434
CSR Ltd. 9,378 20,855
David Jones Ltd. (a) 11,329 29,505
Downer EDI Ltd. 4,125 18,470
Energy Resources of Australia Ltd. 2,717 25,345
Foster's Group Ltd. 21,078 101,298
Futuris Corp., Ltd. 14,712 22,287
Harvey Norman Holdings Ltd. 8,201 21,665
Iluka Resources Ltd. 4,935 26,184
Insurance Australia Group Ltd. 23,552 92,800
John Fairfax Holdings Ltd. 12,772 40,220
Leighton Holdings Ltd. 2,340 33,772
Lend Lease Corp. Ltd. 4,834 57,790
Lion Nathan Ltd. 5,910 35,724
Macquarie Bank Ltd. 1,800 92,886
Metcash Ltd. 7,653 24,786
National Australia Bank Ltd. 19,795 542,133
Newcrest Mining Ltd. 1,633 27,419
Nufarm Ltd. (a) 3,140 22,964
OneSteel Ltd. 8,596 26,942
Orica Ltd. 2,097 35,163
Origin Energy Ltd. 5,473 27,242
PaperlinX Ltd. 10,276 29,524
Perpetual Ltd. (a) 483 26,348
Promina Group Ltd. 11,991 53,063
Publishing & Broadcasting Ltd. 5,557 77,297
Qantas Airways Ltd. 34,856 101,703
QBE Insurance Group Ltd. 6,075 111,070
Rinker Group Ltd. 3,339 34,635
Rio Tinto Ltd. (a) 1,756 91,860
Rural Press Ltd. 3,019 25,008
Santos Ltd. 5,703 47,623
Seek Ltd. 7,287 27,462
Seven Network Ltd. (a) 3,869 25,437
Sigma Pharmaceuticals Ltd. 12,876 25,079
Sims Group Ltd. 1,868 28,856
Sonic Healthcare Ltd. 2,324 22,858
St.George Bank Ltd. 6,934 156,477
Suncorp-Metway Ltd. 7,526 123,221
Symbion Health Ltd. 10,585 27,015
TABCORP Holdings Ltd. 8,211 95,771
Telstra Corp. Ltd. (a) 125,078 346,289
Ten Network Holdings Ltd. (a) 10,982 23,930
Toll Holdings Ltd. 2,207 25,347
Transfield Services Ltd. 4,246 26,774
United Group Ltd. 2,434 25,792
Washington H. Soul Pattinson & Co., Ltd. 3,865 24,026
Wesfarmers Ltd. 5,914 154,156
West Australian Newspapers Holdings Ltd. 3,740 25,314
Westpac Banking Corp. 22,231 376,756
Woodside Petroleum Ltd. 4,096 119,973
Woolworths Ltd. 9,746 147,350
WorleyParsons Ltd. 1,641 20,573
-------------
Total Australia 6,290,607
--------------------------------------------------------------------------------
Hong Kong - 26.0%
Bank of East Asia Ltd. 13,216 60,294
Beijing Enterprises Holdings Ltd. 4,004 7,554
BOC Hong Kong (Holdings) Ltd. 96,626 217,005
Cheung Kong (Holdings) Ltd. 10,015 107,511
China Merchants Holdings (International)
Co., Ltd. 8,009 23,486
China Mobile Ltd. 84,613 597,766
See Notes to Financial Statements.
58 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
China National Aviation Co., Ltd. 12,017 $ 4,241
China Netcom Group Corp. Ltd. 4,004 7,184
China Overseas Land & Investment Ltd. 20,026 15,446
China Resources Enterprise, Ltd. 8,009 17,350
China Resources Power Holdings Co. 12,017 12,708
China Travel International Investment
Hong Kong Ltd. 40,052 8,841
China Unicom Ltd. 36,047 35,528
CITIC International Financial Holdings Ltd. (a) 28,039 16,120
CITIC Pacific Ltd. 20,026 61,680
CLP Holdings Ltd. 24,031 145,562
CNOOC Ltd. 107,140 89,097
Dah Sing Banking Group Ltd. 4,004 8,561
Dah Sing Financial Holdings Ltd. 799 7,193
Denway Motors Ltd. 40,052 14,495
Guangdong Investment Ltd. 28,039 11,335
Guangzhou Investment Co., Ltd. 16,022 3,146
Hang Lung Group Ltd. 8,009 20,608
Hang Lung Properties Ltd. 26,033 55,592
Hang Seng Bank Ltd. 19,927 251,765
Henderson Investment Ltd. 12,017 21,683
Henderson Land Development Co., Ltd. 8,009 45,018
Hong Kong & China Gas Co. Ltd. (The) 8,009 18,768
Hong Kong Aircraft Engineering Co. Ltd. 799 11,351
Hong Kong Exchanges and Clearing Ltd. 4,004 29,212
Hongkong & Shanghai Hotels Ltd. (The) 6,006 7,631
Hongkong Electric Holdings Ltd. 19,025 88,994
Hopewell Holdings Ltd. 6,006 17,111
Hung Hing Printing Group Ltd. 12,017 6,477
Hutchison Whampoa Ltd. 20,026 176,814
Hysan Development Co., Ltd. 4,004 10,267
i-CABLE Communications Ltd. 34,045 6,685
Industrial & Commercial Bank of China Ltd. 10,015 17,454
Lenovo Group Ltd. (a) 32,043 12,583
MTR Corp. 23,030 57,810
New World Development Ltd. 16,022 27,593
Oriental Press Group Ltd. 36,047 6,476
PCCW Ltd. 42,054 25,689
Shanghai Industrial Holdings Ltd. 6,006 11,346
Shaw Brothers (Hong Kong) Ltd. 6,006 11,099
Shenzhen Investment Ltd. 12,017 4,241
Shun TAK Holdings Ltd. 4,004 4,717
Silver Grant International Industries Ltd. 12,017 2,853
Singamas Container Holdings Ltd. 8,009 4,214
Sino Land Co. (a) 16,022 28,375
Sun Hung Kai & Co., Ltd. 10,015 9,806
Sun Hung Kai Properties Ltd. 14,019 153,013
Swire Pacific Ltd. Class A 5,006 52,294
Swire Pacific Ltd. Class B 15,020 28,104
Techtronic Industries Co. 5,006 7,388
Television Broadcasts Ltd. 2,002 10,791
Wharf Holdings Ltd. 12,017 41,176
Wheelock & Co., Ltd. 4,004 7,009
Wheelock Properties Ltd. 10,015 7,686
Wing Hang Bank Ltd. 2,002 19,552
Wing Lung Bank Ltd. 1,804 17,769
-------------
Total Hong Kong 2,809,117
--------------------------------------------------------------------------------
New Zealand - 3.0%
Air New Zealand Ltd. 11,841 10,360
Auckland International Airport Ltd. 14,226 18,855
CanWest MediaWorks (NZ) Ltd. 2,813 2,590
Contact Energy Ltd. 4,351 20,311
Fisher & Paykel Appliances Holdings Ltd. 3,245 7,648
Fisher & Paykel Healthcare Corp. 3,779 10,239
Fletcher Building Ltd. 5,360 30,026
Freightways Ltd. 1,702 4,123
Hallenstein Glasson Holdings Ltd. 1,218 4,191
Infratil Ltd. 1,629 4,382
Mainfreight Ltd. 471 2,014
New Zealand Refining Co., Ltd. (The) 3,414 14,043
Nuplex Industries Ltd. 1,041 4,350
PGG Wrightson Ltd. 3,573 3,872
Port of Tauranga Ltd. 1,485 4,799
Pumpkin Patch Ltd. 982 2,597
Ryman Healthcare Ltd. 406 2,359
Sanford Ltd. 1,282 3,976
Sky City Entertainment Group Ltd. 5,674 19,634
Steel & Tube Holdings Ltd. 1,790 5,376
Telecom Corp. of New Zealand Ltd. 47,472 134,826
Tourism Holdings Ltd. 1,826 2,325
Vector Ltd. 6,622 10,247
-------------
Total New Zealand 323,143
--------------------------------------------------------------------------------
Singapore - 10.9%
Allgreen Properties Ltd. 10,000 10,023
Ascendas Real Estate Investment Trust 14,000 18,974
Ascott Group Ltd. (The) 8,000 5,144
CapitaCommercial Trust 4,000 5,572
CapitaLand Ltd. 6,000 19,100
CapitaMall Trust Management Ltd. 12,000 19,213
Cerebos Pacific Ltd. 2,000 3,694
Chuan Hup Holdings Ltd. 36,000 7,262
City Developments Ltd. 2,000 13,490
ComfortDelgro Corp., Ltd. 16,000 17,045
Cosco Corp. (Singapore) Ltd. 6,000 6,278
Creative Technology Ltd. 800 5,245
DBS Group Holdings Ltd. 14,000 169,440
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 59
Schedule of Investments (unaudited) (concluded)
WisdomTree Pacific ex-Japan Total Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Elec & Eltek International Co., Ltd. 2,000 $ 5,320
Fraser and Neave Ltd. 10,000 26,097
Guocoland Ltd. 4,000 6,026
Haw Par Corp., Ltd. 2,000 8,006
Hi-P International Ltd. 6,000 3,158
Hong Leong Finance Ltd. 4,000 8,220
Jardine Cycle & Carriage Ltd. 2,000 15,129
Jaya Holdings Ltd. 8,000 7,010
Keppel Corp. Ltd. 2,000 18,659
Keppel Land Ltd. 2,000 6,253
Keppel Telecommunications &
Transportation Ltd. 4,000 3,984
Labroy Marine Ltd. 6,000 6,430
MFS Technology Ltd. 6,000 4,009
MobileOne Ltd. 12,000 15,961
Oversea-Chinese Banking Corp. Ltd. 22,000 90,835
Overseas Union Enterprise Ltd. 4,000 25,719
Parkway Holdings Ltd. 6,000 10,590
Petra Foods Ltd. 6,000 6,089
Raffles Education Corp., Ltd. 2,000 3,202
Raffles Holdings Ltd. 12,000 5,522
SBS Transit Ltd. 3,000 4,160
SembCorp Industries Ltd. 8,000 16,944
SembCorp Marine Ltd. 8,000 16,843
SIA Engineering Co., Ltd. 4,000 8,875
Singapore Airlines Ltd. 8,000 73,626
Singapore Airport Terminal Services Ltd. 8,000 10,993
Singapore Exchange Ltd. 4,000 11,195
Singapore Land Ltd. 2,000 9,897
Singapore Petroleum Co., Ltd. 2,000 5,925
Singapore Post Ltd. 22,000 14,007
Singapore Press Holdings Ltd. 12,000 31,014
Singapore Technologies Engineering Ltd. 8,000 14,372
Singapore Telecommunications Ltd. 97,450 149,885
SMRT Corp. Ltd. 18,000 12,595
StarHub Ltd. 15,714 22,287
Straits Trading Co., Ltd. 2,000 3,719
Suntec Real Estate Investment Trust 14,000 13,061
United Industrial Corp., Ltd. 4,000 4,110
United Overseas Bank Ltd. 12,000 123,298
UOB Kay Hian Holdings Ltd. 8,000 6,505
UOL Group Ltd. 4,000 8,825
Venture Corp., Ltd. 2,000 15,885
Want Want Holdings Ltd. 4,000 6,200
WBL Corp., Ltd. (a) 2,000 6,278
Wheelock Properties (Singapore) Ltd. 4,000 4,513
-------------
Total Singapore 1,171,711
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $10,109,419) 10,594,578
================================================================================
WARRANTS* - 0.0%
Hong Kong - 0.0%
China Overseas Land & Investment Ltd.,
expiring 07/18/07
(Cost: $0) 5,071 1,093
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $10,109,419) 10,595,671
================================================================================
SHORT-TERM INVESTMENT - 1.1%
MONEY MARKET FUND - 1.1%
United States - 1.1%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $119,055) 119,055 119,055
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.6%
MONEY MARKET FUNDS (c) - 3.6%
UBS Enhanced Yield Portfolio, 5.30% 100,000 100,000
UBS Private Money Market Fund LLC, 5.23% 289,768 289,768
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $389,768) (d) 389,768
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.9%
(Cost: $10,618,242) (e) 11,104,494
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (2.9)% (315,793)
-------------
NET ASSETS - 100.0% $10,788,701
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $366,897 and the total market value of the collateral held by the
Fund was $389,768.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
60 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
September 30, 2006 (unaudited)
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 98.6%
Australia - 86.2%
Adelaide Bank Ltd. (a) 8,167 $ 78,316
Adelaide Brighton Ltd. 40,563 71,438
Alesco Corp., Ltd. (a) 8,203 57,542
Alinta Ltd. 15,424 131,216
Amcor Ltd. 40,071 222,179
Austereo Group Ltd. 45,087 61,909
Australia & New Zealand Banking Group Ltd. 61,540 1,233,525
Australian Pharmaceutical Industries Ltd. 33,196 55,243
Australian Pipeline Trust (a) 23,032 83,704
AWB Ltd. 35,680 87,068
Baycorp Advantage Ltd. 4,480 10,164
BlueScope Steel Ltd. 46,786 226,242
Bradken Ltd. 4,237 18,971
City Pacific Ltd. 27,978 97,085
Coca-Cola Amatil Ltd. 40,356 201,473
Colorado Group Ltd. 6,613 20,677
Commonwealth Bank of Australia 40,009 1,365,945
Consolidated Minerals Ltd. (a) 34,912 45,593
Crane Group Ltd. (a) 6,346 56,544
CSR Ltd. 41,673 92,673
David Jones Ltd. (a) 39,270 102,275
Excel Coal Ltd. 13,582 96,288
Flight Centre Ltd. (a) 9,169 92,303
Futuris Corp., Ltd. 45,027 68,211
Galileo Shopping America Trust 94,900 87,107
Great Southern Plantations Ltd. (a) 23,690 44,020
GUD Holdings Ltd. 9,991 52,340
Gunns Ltd. 29,511 56,378
GWA International Ltd. 29,739 72,348
Hills Industries Ltd. (a) 19,397 67,454
Insurance Australia Group Ltd. 90,112 355,059
IWL Ltd. 2,629 10,084
John Fairfax Holdings Ltd. 55,878 175,971
Jubilee Mines NL 12,551 95,535
Just Group Ltd. (a) 22,183 62,078
Lend Lease Corp. Ltd. 20,060 239,816
Lion Nathan Ltd. 26,057 157,505
MacArthur Coal Ltd. (a) 22,096 75,850
McGuigan Simeon Wines Ltd. 7,513 13,736
Mortgage Choice Ltd. 5,482 10,636
National Australia Bank Ltd. 48,676 1,333,108
New Hope Corp. Ltd. 66,317 67,800
Oakton Ltd. 3,301 9,730
OAMPS Ltd. 7,546 25,340
Pacific Brands Ltd. 56,064 105,849
Perpetual Ltd. (a) 3,295 179,745
Prime Television Ltd. 4,846 12,368
Programmed Maintenance Services Ltd. 3,031 9,432
Promina Group Ltd. 49,438 218,776
Qantas Airways Ltd. 134,483 392,400
Repco Corp., Ltd. (a) 39,186 35,968
Ridley Corp., Ltd. 13,489 11,425
Rural Press Ltd. 9,742 80,697
Salmat Ltd. 6,577 15,362
Sims Group Ltd. 8,932 137,976
Skilled Group Ltd. 4,063 16,797
Smorgon Steel Group Ltd. 88,497 109,958
Southern Cross Broadcasting Australia Ltd. (a) 7,726 74,375
Spotless Group Ltd. (a) 19,385 66,833
St.George Bank Ltd. (a) 25,583 577,321
STW Communications Group Ltd. 24,026 50,023
Suncorp-Metway Ltd. 28,440 465,640
Sunland Group Ltd. 31,837 56,307
TABCORP Holdings Ltd. 31,423 366,515
Telstra Corp. Ltd. (a) 397,592 1,100,768
Ten Network Holdings Ltd. (a) 41,538 90,513
Tishman Speyer Office Fund 36,583 64,974
Wesfarmers Ltd. 21,811 568,537
West Australian Newspapers Holdings Ltd. 16,003 108,316
Westpac Banking Corp. 66,418 1,125,608
-------------
Total Australia 13,630,962
--------------------------------------------------------------------------------
Hong Kong - 0.5%
Fubon Bank (Hong Kong) Ltd. 48,208 18,684
Hung Hing Printing Group Ltd. 30,130 16,240
Oriental Press Group Ltd. 269,146 48,356
-------------
Total Hong Kong 83,280
--------------------------------------------------------------------------------
New Zealand - 7.3%
Air New Zealand Ltd. 85,531 74,830
Auckland International Airport Ltd. 75,937 100,646
CanWest MediaWorks (NZ) Ltd. 10,225 9,413
Fisher & Paykel Appliances Holdings Ltd. 24,011 56,593
Fletcher Building Ltd. 24,521 137,364
Freightways Ltd. 6,169 14,943
New Zealand Refining Co., Ltd. (The) 20,080 82,594
Nuplex Industries Ltd. 3,775 15,774
Sanford Ltd. 4,642 14,396
Sky City Entertainment Group Ltd. 29,892 103,436
Telecom Corp. of New Zealand Ltd. 177,025 502,771
Warehouse Group Ltd. (The) 9,398 39,454
-------------
Total New Zealand 1,152,214
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 61
Schedule of Investments (unaudited) (concluded)
WisdomTree Pacific ex-Japan High-Yielding Equity Fund
September 30, 2006 (unaudited)
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Singapore - 4.6%
Ascendas Real Estate Investment Trust 72,000 $ 97,579
Chuan Hup Holdings Ltd. 291,000 58,699
Fortune Real Estate Investment Trust 15,000 11,357
Hong Leong Finance Ltd. 33,000 67,814
Jaya Holdings Ltd. 65,000 56,953
Macquarie MEAG Prime Real Estate
Investment Trust 12,000 7,375
MobileOne Ltd. 69,000 91,774
Robinson & Co., Ltd. 3,000 12,576
SMRT Corp. Ltd. 108,000 75,567
StarHub Ltd. 75,857 107,588
Suntec Real Estate Investment Trust 90,000 83,964
UOB Kay Hian Holdings Ltd. 72,000 58,548
-------------
Total Singapore 729,794
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS
(Cost: $15,235,992) 15,596,250
================================================================================
SHORT-TERM INVESTMENT - 0.8%
MONEY MARKET FUND - 0.8%
United States - 0.8%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $120,739) 120,739 120,739
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 15.5%
MONEY MARKET FUNDS (c) - 15.5%
UBS Enhanced Yield Portfolio, 5.30 % 100,000 100,000
UBS Private Money Market Fund LLC, 5.23% 2,358,154 2,358,154
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $2,458,154) (d) 2,458,154
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 114.9%
(Cost: $17,814,885) (e) 18,175,143
Liabilities in Excess of Foreign Cash
and Other Assets - (14.9) % (2,353,021)
-------------
NET ASSETS - 100.0% 15,822,122
================================================================================
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $2,321,341 and the total market value of the collateral held by
the Fund was $2,458,154.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
62 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree International LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 99.3%
Australia - 5.8%
AMP Ltd. 8,124 $ 54,199
Australia & New Zealand Banking Group Ltd. 10,265 205,754
BHP Billiton Ltd. 6,864 131,283
Commonwealth Bank of Australia 7,894 269,508
Macquarie Bank Ltd. 840 43,347
National Australia Bank Ltd. 9,270 253,881
QBE Insurance Group Ltd. 2,846 52,034
Rinker Group Ltd. 1,566 16,244
Rio Tinto Ltd. (a) 820 42,896
St.George Bank Ltd. 3,246 73,251
Telstra Corp. Ltd. 58,623 162,303
Westpac Banking Corp. 10,420 176,591
Woodside Petroleum Ltd. 1,916 56,120
Woolworths Ltd. 4,567 69,049
-------------
Total Australia 1,606,460
--------------------------------------------------------------------------------
Austria - 0.3%
Bank Austria Creditanstalt AG 341 45,572
Erste Bank der oesterreichischen Sparkassen AG 310 19,281
OMV AG 295 15,269
Telekom Austria AG 600 15,125
-------------
Total Austria 95,247
--------------------------------------------------------------------------------
Belgium - 2.2%
Belgacom S.A. 2,031 79,087
Dexia N.V. 3,086 79,865
Fortis N.V. 6,784 275,082
Groupe Bruxelles Lambert S.A. 280 29,847
InBev N.V. 725 39,877
KBC Groep N.V. 1,015 106,782
-------------
Total Belgium 610,540
--------------------------------------------------------------------------------
Denmark - 0.5%
Danske Bank A/S 2,521 99,030
Novo Nordisk A/S Class B 505 37,488
-------------
Total Denmark 136,518
--------------------------------------------------------------------------------
Finland - 1.3%
Fortum Oyj 5,052 134,456
Nokia Oyj 8,584 170,284
UPM-Kymmene Corp. 2,021 47,976
-------------
Total Finland 352,716
--------------------------------------------------------------------------------
France - 15.1%
Accor S.A. 665 45,278
Assurances Generales de France 630 79,247
AXA S.A. 7,589 279,557
BNP Paribas 3,061 329,008
Bouygues S.A. 875 46,753
Carrefour S.A. 1,986 125,361
Christian Dior S.A. 340 35,360
Cie de Saint-Gobain S.A. 1,020 73,907
CNP Assurances S.A. 375 36,340
Credit Agricole S.A. 2,236 98,116
France Telecom S.A. 19,299 442,490
Gaz de France (a) 1,616 64,278
Groupe Danone 610 85,540
Lafarge S.A. 555 71,570
Lagardere SCA 320 23,065
L'Air Liquide S.A. 365 74,394
L'Oreal S.A. 1,205 122,267
LVMH Moet Hennessy Louis Vuitton S.A. 900 92,631
Natexis Banques Populaires 105 29,049
Peugeot S.A. 785 44,221
PPR S.A. 385 57,012
Renault S.A. 975 111,713
Sanofi-Aventis 2,766 245,969
Schneider Electric S.A. 770 85,786
Societe Generale 1,486 236,240
Suez S.A. 5,382 236,436
TOTAL S.A. 9,770 640,465
Vallourec S.A. 50 11,648
Veolia Environnement S.A. 770 46,439
VINCI S.A. 760 84,528
Vivendi S.A. 5,157 185,723
-------------
Total France 4,140,391
--------------------------------------------------------------------------------
Germany - 7.4%
adidas AG 165 7,754
Allianz SE 615 106,325
BASF AG 1,491 119,273
Bayer AG 1,921 97,824
Bayerische Motoren Werke AG 935 50,030
Beiersdorf AG 345 18,342
Commerzbank AG 1,040 34,977
Continental AG 160 18,533
DaimlerChrysler AG 3,531 176,277
Deutsche Bank AG 905 109,092
Deutsche Boerse AG 60 9,014
Deutsche Post AG 3,792 99,433
Deutsche Postbank AG 335 25,398
Deutsche Telekom AG 22,837 362,767
E.ON AG 2,066 244,647
Metro AG 690 40,285
Muenchener Rueckversicherungs AG 620 97,945
RWE AG 1,346 124,042
SAP AG 260 51,511
Siemens AG 1,641 143,017
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 63
Schedule of Investments (unaudited) (continued)
WisdomTree International LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
ThyssenKrupp AG 1,301 $ 43,788
Volkswagen AG 560 47,656
-------------
Total Germany 2,027,930
--------------------------------------------------------------------------------
Hong Kong - 3.2%
BOC Hong Kong (Holdings) Ltd. 45,471 102,120
Cheung Kong (Holdings) Ltd. 5,052 54,233
China Mobile Ltd. 40,419 285,549
China Netcom Group Corp. Ltd. 2,521 4,523
China Unicom Ltd. 10,110 9,964
CLP Holdings Ltd. 10,110 61,239
CNOOC Ltd. 50,529 42,020
Hang Seng Bank Ltd. 9,595 121,227
Hong Kong & China Gas Co. Ltd. (The) 5,052 11,839
Hutchison Whampoa Ltd. 10,110 89,264
MTR Corp. 10,110 25,378
Sun Hung Kai Properties Ltd. 6,052 66,056
-------------
Total Hong Kong 873,412
--------------------------------------------------------------------------------
Ireland - 0.6%
Allied Irish Banks PLC 2,961 78,655
Anglo Irish Bank Corp. PLC 720 11,820
Bank of Ireland 3,031 59,244
CRH PLC 750 25,357
-------------
Total Ireland 175,076
--------------------------------------------------------------------------------
Italy - 7.5%
Assicurazioni Generali SpA 1,816 67,862
Autostrade SpA 725 21,481
Banca Intesa SpA 27,198 178,811
Banca Monte dei Paschi di Siena SpA 4,162 25,201
Capitalia SpA 7,694 63,644
Enel SpA 30,955 282,132
Eni SpA 22,051 652,796
Luxottica Group SpA 465 13,683
Mediaset SpA 3,767 40,441
Mediobanca SpA 2,231 48,609
RAS Holding SpA 2,471 67,486
Sanpaolo IMI SpA 4,747 100,121
Telecom Italia SpA 81,209 230,432
UniCredito Italiano SpA 32,135 266,427
-------------
Total Italy 2,059,126
--------------------------------------------------------------------------------
Japan - 7.0%
AEON Co., Ltd. 500 12,260
Astellas Pharma, Inc. 500 20,116
Bridgestone Corp. 500 10,100
Canon, Inc. 1,500 78,262
Chubu Electric Power Co., Inc. 1,500 39,004
Chugai Pharmaceutical Co., Ltd. 500 10,757
DENSO CORP 1,000 35,150
East Japan Railway Co. 5 34,981
Eisai Co., Ltd. 500 24,182
Fuji Photo Film Co., Ltd. 500 18,253
Hitachi Ltd. 5,000 29,179
Honda Motor Co., Ltd. 2,000 67,251
Hoya Corp. 500 18,846
Japan Tobacco, Inc. 5 19,438
JFE Holdings, Inc. 500 19,608
Kansai Electric Power Co., Inc. (The) 1,500 34,621
Keyence Corp. 500 115,191
Kyushu Electric Power Co., Inc. 1,000 23,631
Mitsubishi Corp. 1,500 28,205
Mitsubishi UFJ Financial Group, Inc. 5 64,371
Mitsui Fudosan Co., Ltd. 5,000 113,709
Mizuho Financial Group, Inc. 5 38,792
Mizuho Trust & Banking Co., Ltd. 5,000 11,180
Nikko Cordial Corp. 2,500 29,009
Nippon Steel Corp. 5,000 20,582
Nippon Telegraph & Telephone Corp. 15 73,688
Nissan Motor Co., Ltd. 8,000 89,646
Nomura Holdings, Inc. 1,500 26,426
NTT DoCoMo, Inc. 70 107,907
ORIX Corp. 50 13,827
SMC Corp. 500 66,192
SOFTBANK CORP. (a) 500 10,354
Sony Corp. 500 20,243
Sumitomo Electric Industries Ltd. 500 6,772
Sumitomo Metal Industries Ltd. 5,000 19,184
Sumitomo Realty & Development Co., Ltd. 5,000 146,953
Suzuki Motor Corp. 500 12,705
T&D Holdings, Inc. 250 18,104
Takeda Pharmaceutical Co., Ltd. 1,000 62,423
Tohoku Electric Power Co., Inc. 1,000 21,895
Tokyo Electric Power Co., Inc. (The) 2,500 71,994
Tokyo Gas Co., Ltd. 5,000 25,071
Toyota Motor Corp. 4,000 217,507
Yahoo Japan Corp. 15 5,647
-------------
Total Japan 1,933,216
--------------------------------------------------------------------------------
Netherlands - 4.4%
ABN AMRO Holding N.V. 8,254 240,482
Aegon N.V. 5,142 96,337
Akzo Nobel N.V. 755 46,462
European Aeronautic Defence & Space Co. N.V. 1,871 53,754
Heineken N.V. 575 26,273
ING Groep N.V. 7,794 342,496
Koninklijke Philips Electronics N.V. 2,241 78,549
Royal KPN N.V. 10,115 128,901
See Notes to Financial Statements.
64 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
STMicroelectronics N.V. 835 $ 14,459
TNT N.V. 975 36,941
Unilever N.V. 5,627 138,283
-------------
Total Netherlands 1,202,937
--------------------------------------------------------------------------------
Norway - 1.0%
DnB NOR ASA 5,557 68,113
Norsk Hydro ASA 3,026 67,658
Statoil ASA 3,792 89,730
Telenor ASA 3,026 39,504
-------------
Total Norway 265,005
--------------------------------------------------------------------------------
Portugal - 0.4%
EDP-Energias de Portugal, S.A. 12,051 52,208
Portugal Telecom, SGPS, S.A. 5,342 66,655
-------------
Total Portugal 118,863
--------------------------------------------------------------------------------
Singapore - 0.8%
DBS Group Holdings Ltd. 5,000 60,514
Oversea-Chinese Banking Corp. Ltd. 10,000 41,288
Singapore Telecommunications Ltd. 47,500 73,059
United Overseas Bank Ltd. 5,000 51,374
-------------
Total Singapore 226,235
--------------------------------------------------------------------------------
Spain - 5.5%
Abertis Infraestructuras S.A. (a) 1,351 35,426
ACS, Actividades Construccion y Servicios, S.A. 465 22,030
Altadis, S.A. 645 30,590
Banco Bilbao Vizcaya Argentaria Chile, S.A. 10,280 237,655
Banco Popular Espanol, S.A. 3,621 59,309
Banco Santander Central Hispano S.A. 21,311 336,636
Cia Espanola De Petroleos, S.A. (a) 580 43,385
Endesa S.A. 2,926 124,353
Gas Natural SDG, S.A. 1,356 49,384
Grupo Ferrovial S.A. (a) 190 15,259
Iberdrola, S.A. 2,771 123,909
Inditex S.A. 555 25,844
Repsol YPF, S.A. 3,076 91,451
Telefonica S.A. 15,692 271,730
Union Fenosa S.A. 615 31,380
-------------
Total Spain 1,498,341
--------------------------------------------------------------------------------
Sweden - 2.7%
AB Volvo Class B 1,010 60,157
Atlas Copco AB Class A 2,810 73,811
H&M Hennes & Mauritz AB Class B 2,521 105,435
Nordea Bank AB 10,110 132,435
Sandvik AB 3,026 34,684
Skandinaviska Enskilda Banken AB 2,021 54,327
Svenska Handelsbanken AB Class A 2,021 54,603
Swedbank AB 2,021 59,980
Telefonaktiebolaget LM Ericsson Class B 25,262 87,555
TeliaSonera AB 12,631 81,006
-------------
Total Sweden 743,993
--------------------------------------------------------------------------------
Switzerland - 5.4%
Adecco S.A. 225 13,538
Credit Suisse Group 3,301 190,460
Holcim Ltd. 375 30,563
Nestle S.A. 952 331,012
Novartis AG 4,332 252,192
Roche Holding AG 860 148,277
Swiss Reinsurance Co. 940 71,740
Swisscom AG 492 163,320
UBS AG 4,682 279,288
-------------
Total Switzerland 1,480,390
--------------------------------------------------------------------------------
United Kingdom - 28.2%
Anglo American PLC 3,686 153,749
Associated British Foods PLC 1,956 30,326
AstraZeneca PLC 4,047 252,339
Aviva PLC 9,155 133,902
BAE SYSTEMS PLC 8,660 63,937
Barclays PLC 29,224 367,930
BG Group PLC 3,291 39,897
BHP Billiton PLC 4,287 73,833
BP PLC 67,022 728,628
British American Tobacco PLC 7,694 207,532
British Land Co. PLC 710 18,090
British Sky Broadcasting PLC 3,802 38,777
BT Group PLC 41,935 209,931
Cadbury Schweppes PLC 5,432 57,684
Centrica PLC 13,096 79,565
Diageo PLC 10,200 179,766
GlaxoSmithKline PLC 17,693 469,966
GUS PLC 3,106 56,046
HBOS PLC 15,922 314,368
HSBC Holdings PLC 49,209 895,761
Imperial Tobacco Group PLC 2,461 81,827
Land Securities Group PLC 1,396 51,319
Legal & General Group PLC 8,584 22,849
Lloyds TSB Group PLC 39,849 401,582
Man Group PLC 3,450 28,871
Marks & Spencer Group PLC 3,742 44,910
National Grid PLC 12,581 156,867
Old Mutual PLC 18,013 56,359
Prudential PLC 6,689 82,903
Reckitt Benckiser PLC 1,401 57,940
Reed Elsevier PLC 3,712 41,083
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 65
Schedule of Investments (unaudited) (concluded)
WisdomTree International LargeCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Rio Tinto PLC 1,791 $ 84,541
Royal Bank of Scotland Group (The) PLC 11,801 405,384
Royal Dutch Shell PLC Class A 13,266 436,628
Royal Dutch Shell PLC Class B 9,310 315,292
SABMiller PLC 3,146 58,648
Scottish & Southern Energy PLC 3,621 89,148
Scottish Power PLC 6,779 82,498
Shire PLC 230 3,815
Standard Chartered PLC 3,546 90,613
Tesco PLC 19,965 134,257
Unilever PLC 5,032 123,792
Vodafone Group PLC 196,392 448,474
Wolseley PLC 1,341 28,205
WPP Group PLC 1,656 20,478
Xstrata PLC 570 23,499
-------------
Total United Kingdom 7,743,809
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,140,574) 27,290,205
================================================================================
RIGHTS* - 0.0%
United Kingdom - 0.0%
Experian Group Npv, expiring on 10/05/06
(Cost: $0) 3,106 --
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,140,574) 27,290,205
================================================================================
SHORT-TERM INVESTMENT - 0.9%
MONEY MARKET FUND - 0.9%
United States - 0.9%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $243,789) 243,789 243,789
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 0.7%
MONEY MARKET FUNDS (c) - 0.7%
UBS Enhanced Yield Portfolio, 5.30% 100,000 100,000
UBS Private Money Market Fund LLC, 5.23% 103,989 103,989
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $203,989) (d) 203,989
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 100.9%
(Cost: $25,588,352) (e) 27,737,983
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (0.9)% (253,586)
-------------
NET ASSETS - 100.0% $27,484,397
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $185,585 and the total market value of the collateral held by the
Fund was $203,989.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
66 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree International Dividend Top 100 Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS -- 99.1%
Australia -- 13.6%
AMP Ltd. 39,650 $ 264,524
Australia & New Zealand Banking Group Ltd. 19,261 386,072
Commonwealth Bank of Australia 11,741 400,848
Macquarie Bank Ltd. 5,323 274,684
National Australia Bank Ltd. 13,847 379,233
QBE Insurance Group Ltd. 13,392 244,848
St.George Bank Ltd. (a) 18,990 428,539
Telstra Corp. Ltd. (a) 220,816 611,348
Westpac Banking Corp. 22,316 378,197
Woodside Petroleum Ltd. 5,808 170,118
Woolworths Ltd. 17,709 267,743
------------
Total Australia 3,806,154
--------------------------------------------------------------------------------
Belgium -- 3.4%
Belgacom S.A. 11,301 440,060
Dexia N.V. 7,999 207,012
Fortis N.V. 7,349 297,992
------------
Total Belgium 945,064
--------------------------------------------------------------------------------
Denmark -- 1.0%
Danske Bank A/S 6,789 266,686
--------------------------------------------------------------------------------
Finland -- 2.6%
Fortum Oyj 15,158 403,421
UPM-Kymmene Corp. 13,137 311,857
------------
Total Finland 715,278
--------------------------------------------------------------------------------
France -- 7.9%
Assurances Generales de France 1,821 229,060
AXA S.A. 5,798 213,581
BNP Paribas 2,332 250,653
Credit Agricole S.A. 5,052 221,683
France Telecom S.A. 16,944 388,495
Societe Generale 1,555 247,209
Suez S.A. 5,563 244,387
TOTAL S.A. 2,987 195,811
Vivendi S.A. 6,213 223,753
------------
Total France 2,214,632
--------------------------------------------------------------------------------
Germany -- 4.2%
BASF AG 2,382 190,549
DaimlerChrysler AG 4,367 218,012
Deutsche Post AG 7,729 202,668
Deutsche Telekom AG 21,666 344,165
E.ON AG 1,771 209,714
------------
Total Germany 1,165,108
--------------------------------------------------------------------------------
Hong Kong -- 4.2%
BOC Hong Kong (Holdings) Ltd. 156,632 351,768
China Netcom Group Corp. Ltd. 128,843 231,156
CLP Holdings Ltd. 53,053 321,358
Hang Seng Bank Ltd. 20,716 261,733
------------
Total Hong Kong 1,166,015
--------------------------------------------------------------------------------
Ireland -- 1.7%
Allied Irish Banks PLC 9,555 253,817
Bank of Ireland 11,276 220,400
------------
Total Ireland 474,217
--------------------------------------------------------------------------------
Italy -- 9.7%
Banca Intesa SpA 51,907 341,258
Capitalia SpA 24,908 206,036
Enel SpA 46,784 426,402
Eni SpA 10,015 296,483
Mediaset SpA 23,398 251,194
RAS Holding SpA 10,390 283,763
Sanpaolo IMI SpA 12,587 265,477
Telecom Italia SpA 144,621 410,365
UniCredito Italiano SpA 28,300 234,632
------------
Total Italy 2,715,610
--------------------------------------------------------------------------------
Netherlands -- 5.1%
ABN AMRO Holding N.V. 11,386 331,734
Aegon N.V. 12,807 239,942
ING Groep N.V. 5,903 259,399
Royal KPN N.V. 27,214 346,802
Unilever N.V. 10,405 255,702
------------
Total Netherlands 1,433,579
--------------------------------------------------------------------------------
Norway -- 0.9%
DnB NOR ASA 20,716 253,919
--------------------------------------------------------------------------------
Portugal -- 2.1%
EDP-Energias de Portugal, S.A. 58,536 253,595
Portugal Telecom, SGPS, S.A. 25,913 323,329
------------
Total Portugal 576,924
--------------------------------------------------------------------------------
Singapore -- 3.1%
DBS Group Holdings Ltd. 20,000 242,057
Oversea-Chinese Banking Corp. Ltd. 50,000 206,442
Singapore Telecommunications Ltd. 104,500 160,729
United Overseas Bank Ltd. 25,000 256,872
------------
Total Singapore 866,100
--------------------------------------------------------------------------------
Spain -- 6.8%
Banco Bilbao Vizcaya Argentaria, Chile, S.A. 9,610 222,166
Banco Popular Espanol, S.A. 13,502 221,150
Banco Santander Central Hispano S.A. 15,413 243,469
Endesa S.A. 8,014 340,591
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 67
Schedule of Investments (unaudited) (concluded)
WisdomTree International Dividend Top 100 Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Gas Natural SDG, S.A. 7,544 $ 274,745
Iberdrola, S.A. 7,009 313,416
Telefonica S.A. 16,379 283,626
------------
Total Spain 1,899,163
--------------------------------------------------------------------------------
Sweden -- 5.6%
AB Volvo Class B 6,063 361,122
H&M Hennes & Mauritz AB Class B 6,313 264,027
Nordea Bank AB 20,211 264,753
Sandvik AB 15,158 173,741
Svenska Handelsbanken AB Class A 8,084 218,410
Swedbank AB 9,600 284,914
------------
Total Sweden 1,566,967
--------------------------------------------------------------------------------
Switzerland -- 0.9%
Swisscom AG 755 250,623
--------------------------------------------------------------------------------
United Kingdom -- 26.3%
Aviva PLC 18,149 265,448
BAE SYSTEMS PLC 26,214 193,540
Barclays PLC 25,678 323,286
BP PLC 19,876 216,081
British American Tobacco PLC 9,705 261,775
BT Group PLC 85,610 428,573
Centrica PLC 53,588 325,574
Diageo PLC 14,522 255,937
GlaxoSmithKline PLC 7,074 187,901
GUS PLC 12,862 232,087
HBOS PLC 16,139 318,652
HSBC Holdings PLC 13,067 237,861
Imperial Tobacco Group PLC 7,854 261,142
Legal & General Group PLC 114,110 303,741
Lloyds TSB Group PLC 49,741 501,269
National Grid PLC 29,340 365,828
Old Mutual PLC 69,301 216,830
Prudential PLC 16,534 204,920
Reed Elsevier PLC 19,851 219,703
Royal Bank of Scotland Group (The) PLC 9,215 316,550
Royal Dutch Shell PLC Class A 7,414 244,020
Scottish & Southern Energy PLC 13,297 327,367
Scottish Power PLC 37,710 458,920
Standard Chartered PLC 7,514 192,010
Unilever PLC 11,981 294,744
Vodafone Group PLC 93,205 212,840
------------
Total United Kingdom 7,366,599
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,096,687) 27,682,638
================================================================================
RIGHTS* -- 0.0%
United Kingdom -- 0.0%
Experian Group Npv, expiring on 10/05/06
(Cost: $0) 12,862 --
------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,096,687) 27,682,638
================================================================================
SHORT-TERM INVESTMENT -- 0.7%
MONEY MARKET FUND -- 0.7%
United States -- 0.7%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $202,842) 202,842 202,842
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
ECURITIES LOANED -- 3.6%
MONEY MARKET FUNDS (c) -- 3.6%
AIM Liquid Assets Portfolio, 5.21% 10,000 10,000
AIM Prime Portfolio, 5.22% 80,000 80,000
UBS Enhanced Yield Portfolio, 5.30% 600,000 600,000
UBS Private Money Market Fund LLC, 5.23% 303,750 303,750
------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $993,750) (d) 993,750
================================================================================
TOTAL INVESTMENTS IN SECURITIES -- 103.4%
(Cost: $26,293,279) (e) 28,879,230
Liabilities in Excess of Foreign Cash and
Other Assets -- (3.4)% (943,848)
------------
NET ASSETS -- 100.0% $ 27,935,382
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan at September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $939,109 and the total market value of the collateral held by the
Fund was $993,750.
(e) Aggregate cost for Federal income tax purposes was substantially the same
as for book purposes.
See Notes to Financial Statements.
68 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited)
WisdomTree International MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 98.6%
Australia - 11.8%
Alumina Ltd. 16,257 $ 75,096
Amcor Ltd. 16,932 93,882
Aristocrat Leisure Ltd. 7,195 75,707
Australian Gas Light Co., Ltd. 8,386 134,235
Australian Stock Exchange Ltd. 3,067 74,384
AXA Asia Pacific Holdings Ltd. 16,217 78,663
BlueScope Steel Ltd. 20,681 100,007
Brambles Industries Ltd. (a) 10,638 101,217
Caltex Australia Ltd. 4,704 83,898
Coca-Cola Amatil Ltd. 17,153 85,635
Coles Myer Ltd. 20,716 222,459
CSL Ltd. 1,786 72,011
Foster's Group Ltd. 37,178 178,672
Harvey Norman Holdings Ltd. 24,258 64,083
Insurance Australia Group Ltd. 41,532 163,644
John Fairfax Holdings Ltd. 25,164 79,246
Lend Lease Corp. Ltd. 8,521 101,868
Lion Nathan Ltd. 12,420 75,074
Newcrest Mining Ltd. 4,829 81,082
Orica Ltd. 4,394 73,680
Origin Energy Ltd. 13,916 69,267
Promina Group Ltd. 21,146 93,577
Publishing & Broadcasting Ltd. 9,807 136,416
Qantas Airways Ltd. 61,476 179,378
Santos Ltd. 10,067 84,065
Suncorp-Metway Ltd. 13,270 217,265
TABCORP Holdings Ltd. 14,486 168,963
Toll Holdings Ltd. 6,535 75,053
Wesfarmers Ltd. 10,432 271,927
------------
Total Australia 3,310,454
--------------------------------------------------------------------------------
Austria - 0.6%
BOEHLER-UDDEHOLM AG 475 26,692
Oesterreichische Elektrizitatswirtschafts
AG Class A 665 32,137
UNIQA Versicherungen AG 525 16,626
voestalpine AG 740 30,531
Wiener Staedtische AG 420 26,336
Wienerberger AG 800 37,739
------------
Total Austria 170,061
--------------------------------------------------------------------------------
Belgium - 1.9%
Ackermans & van Haaren N.V. 145 10,433
Agfa-Gevaert N.V. 1,441 34,135
Almancora SCA 600 77,525
Bekaert S.A. 180 17,705
Delhaize Group 725 60,844
Groep Colruyt S.A. 260 44,331
Mobistar S.A. 876 72,462
Solvay S.A. 891 115,125
UCB S.A. 1,116 70,897
Umicore 150 22,174
------------
Total Belgium 525,631
--------------------------------------------------------------------------------
Denmark - 0.5%
Codan A/S 375 26,595
Coloplast A/S Class B 350 28,092
Danisco A/S 300 24,308
H. Lundbeck A/S 1,200 27,926
Novozymes AS Class B 350 26,665
------------
Total Denmark 133,586
--------------------------------------------------------------------------------
Finland - 2.7%
Elisa Oyj Class A 2,537 55,919
Kesko Oyj Class B 1,016 42,678
Metso Oyj 1,016 37,349
OKO Bank PLC Class A 3,047 48,556
Outokumpu Oyj 2,031 51,790
Rautaruukki Oyj 3,047 87,424
Sampo Oyj Class A 7,616 158,606
Sanoma-WSOY Oyj 2,637 67,577
Stora Enso Oyj Class R 8,636 130,838
TietoEnator Oyj 1,016 29,833
Wartsila Oyj Class B 505 20,471
YIT Oyj 1,271 29,415
------------
Total Finland 760,456
--------------------------------------------------------------------------------
France - 7.7%
Air France-KLM 2,186 65,850
Bail Investissement 690 50,215
Capgemini S.A. 871 46,153
Casino Guichard Perrachon S.A. 1,576 126,871
Cie Generale d'Optique Essilor
International S.A. 585 59,840
Ciments Francais 290 45,956
Clarins 685 49,070
Compagnie Generale des Etablissements
Michelin Class B 1,781 130,401
Dassault Systemes S.A. 906 50,922
EIFFAGE 620 62,949
Eramet 345 53,623
Euler Hermes S.A. 440 52,337
Eurazeo 465 53,485
Gecina S.A. 1,116 148,720
Hermes International 545 50,329
Imerys S.A. 775 64,794
Klepierre 665 99,486
M6, Metropole Television 2,482 76,087
PagesJaunes Groupe S.A. 6,655 188,836
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 69
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Publicis Groupe 1,156 $ 45,483
Societe Des Autoroutes Paris-Rhin-Rhone 765 56,884
Societe Television Francaise 1 2,517 80,316
Sodexho Alliance S.A. 1,591 88,073
Technip S.A. 1,091 61,942
Thales S.A. 2,076 92,016
Thomson 2,492 39,112
Unibail 645 135,386
Valeo S.A. 1,231 43,865
Wendel Investissement 405 50,072
------------
Total France 2,169,073
--------------------------------------------------------------------------------
Germany - 3.9%
ALTANA AG 1,206 66,547
AMB Generali Holding AG 380 51,703
Celesio AG 1,080 56,242
Deutsche Lufthansa AG 5,900 124,888
Fraport AG Frankfurt Airport Services
Worldwide 450 30,930
Fresenius AG 145 25,357
Fresenius Medical Care AG & Co. KGaA 480 62,288
Heidelberger Druckmaschinen AG 550 22,650
Henkel KGaA 475 58,720
Hochtief AG 455 28,455
Hypo Real Estate Holding AG 966 60,205
IKB Deutsche Industriebank AG 866 30,036
IVG Immobilien AG 775 28,019
K+S AG 405 32,424
Linde AG 906 85,261
MAN AG 881 74,482
Merck KGaA 245 25,952
Puma AG Rudolf Dassler Sport 65 22,149
Rheinmetall AG 345 25,085
Salzgitter AG 295 27,694
Suedzucker AG 1,891 46,663
TUI AG 4,289 88,451
United Internet AG 1,721 23,654
------------
Total Germany 1,097,855
--------------------------------------------------------------------------------
Hong Kong - 5.6%
Bank of East Asia Ltd. 23,367 106,606
Cathay Pacific Airways Ltd. 81,000 165,903
China Merchants Holdings
(International) Co., Ltd. 20,321 59,589
China Overseas Land & Investment Ltd. 40,636 31,342
China Resources Enterprise, Ltd. 10,162 22,013
China Resources Power Holdings Co. 20,321 21,489
CITIC Pacific Ltd. 35,562 109,530
Denway Motors Ltd. 71,129 25,741
Guangdong Investment Ltd. 50,808 20,539
Hang Lung Group Ltd. 15,241 39,216
Hang Lung Properties Ltd. 45,724 97,642
Henderson Investment Ltd. 20,321 36,666
Henderson Land Development Co., Ltd. 15,241 85,669
Hong Kong Exchanges and Clearing Ltd. 10,162 74,139
Hongkong Electric Holdings Ltd. 33,020 154,458
Hopewell Holdings Ltd. 10,162 28,951
Hysan Development Co., Ltd. 10,162 26,056
Lenovo Group Ltd. (a) 60,961 23,939
New World Development Ltd. 30,483 52,499
PCCW Ltd. 76,202 46,549
Sino Land Co. (a) 20,321 35,988
Swire Pacific Ltd. Class A 10,162 106,155
Swire Pacific Ltd. Class B 25,399 47,524
Television Broadcasts Ltd. 5,084 27,403
Wharf Holdings Ltd. 20,321 69,630
Wheelock & Co., Ltd. 15,241 26,679
Wing Hang Bank Ltd. 2,537 24,777
------------
Total Hong Kong 1,566,692
--------------------------------------------------------------------------------
Ireland - 0.8%
C&C Group PLC 2,487 33,709
Depfa Bank PLC 2,376 43,823
IAWS Group PLC 395 7,340
Independent News & Media PLC 11,219 33,682
Irish Life & Permanent PLC 2,871 72,009
Kerry Group PLC Class A 525 12,436
Kingspan Group PLC 490 10,055
------------
Total Ireland 213,054
--------------------------------------------------------------------------------
Italy - 7.3%
ACEA SpA 3,182 51,917
AEM SpA 19,730 53,235
Alleanza Assicurazioni SpA 11,259 131,499
Autogrill SpA 2,817 44,784
Banca Carige SpA 9,355 47,639
Banca CR Firenze 15,462 47,008
Banca Lombarda e Piemontese SpA 3,477 71,485
Banca Popolare dell'Emilia Romagna S.c.r.l. 2,191 49,486
Banca Popolare di Milano S.c.r.l. 3,582 47,326
Banca Popolare di Sondrio S.c.r.l 2,617 43,428
Banca Popolare di Verona e Novara S.c.r.l. 3,002 82,863
Banca Popolare Italiana 5,865 70,766
Banche Popolari Unite S.c.r.l. 4,013 107,871
Bulgari SpA 3,998 50,847
CIR-Compagnie Industriali Riunite SpA 15,236 45,211
Finmeccanica SpA 2,241 49,991
Fondiaria-SAI SpA 1,506 65,988
Geox SpA 3,943 49,049
Hera SpA (a) 13,330 49,729
See Notes to Financial Statements.
70 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Ifil Investments SpA 7,801 $ 52,671
Italcementi SpA 1,876 47,457
Mediolanum SpA 6,430 47,731
Milano Assicurazioni SPA 7,356 54,372
Pirelli & C SpA 50,383 43,304
RCS MediaGroup SpA (a) 8,076 37,520
Reti Bancarie Holding SpA 896 54,310
Saipem SpA 2,021 43,880
Snam Rete Gas SpA 38,434 186,468
Terna SpA 40,326 117,235
Toro Assicurazioni SpA 4,704 125,075
Unipol SpA 24,018 80,398
------------
Total Italy 2,050,543
--------------------------------------------------------------------------------
Japan - 12.5%
Acom Co., Ltd. 1,350 57,629
Advantest Corp. 2,000 99,267
Aisin Seiki Co., Ltd. 2,500 73,053
Ajinomoto Co., Inc. 5,000 53,869
All Nippon Airways Co., Ltd. (a) 20,000 80,972
Asahi Breweries, Ltd. 5,500 80,219
Asahi Kasei Corp. 15,000 96,049
Bank of Yokohama Ltd. (The) 10,000 78,770
Chugoku Electric Power Co., Inc. (The) 4,000 84,360
Credit Saison Co., Ltd. 1,500 63,270
Daikin Industries Ltd. 2,500 74,112
Daiwa House Industry Co., Ltd. 5,000 86,605
Electric Power Development Co. 2,000 71,317
Fast Retailing Co., Ltd. 1,000 93,931
Ibiden Co., Ltd. 1,500 79,278
JS Group Corp. 4,000 83,683
JSR Corp. 3,000 66,065
Kobe Steel Ltd. 25,000 78,558
Marubeni Corp. (a) 15,000 74,705
Matsushita Electric Works Ltd. 5,000 52,852
Mazda Motor Corp. 15,000 90,967
Mitsubishi UFJ Securities Co. 5,000 62,677
Mitsui O.S.K. Lines Ltd. 10,000 73,942
Mitsui Trust Holdings, Inc. 5,000 56,918
Nippon Mining Holdings, Inc. 10,000 70,724
Nippon Oil Corp. 10,000 73,688
Nippon Yusen K.K. 10,000 60,899
OJI Paper Co., Ltd. 15,000 82,200
Olympus Corp. 5,000 147,376
Osaka Gas Co., Ltd. (a) 25,000 87,240
Promise Co., Ltd. 1,250 49,761
Sega Sammy Holdings, Inc. 2,000 64,371
Sekisui House, Ltd. 5,000 75,679
Shinsei Bank Ltd. 10,000 60,983
Shiseido Co., Ltd. 5,000 99,945
Sumco Corp. 1,500 111,168
Sumitomo Metal Mining Co., Ltd. 5,000 65,557
Takefuji Corp. 1,250 57,384
Teijin Ltd. 10,000 53,869
Tokyu Corp. 15,000 103,164
Toppan Printing Co., Ltd. 5,000 55,478
Toyota Tsusho Corp. 3,500 92,195
UFJ NICOS Co., Ltd. 5,000 32,101
Yamada Denki Co., Ltd. 1,000 100,284
Yamaha Motor Co., Ltd. 3,000 79,532
Yamato Holdings Co., Ltd. 5,000 72,375
------------
Total Japan 3,509,041
--------------------------------------------------------------------------------
Netherlands - 3.2%
Buhrmann N.V. 1,231 18,541
Corio N.V. 1,266 92,133
CSM N.V. 956 30,396
Euronext N.V. 500 48,548
Fugro N.V. 455 19,153
Heineken Holding N.V. 1,246 48,914
Hunter Douglas N.V. 360 25,218
Koninklijke BAM Groep N.V. 1,036 18,294
Koninklijke DSM N.V. 2,131 93,374
Koninklijke Vopak N.V. 500 19,299
Mittal Steel Co. N.V. 1,181 41,171
Randstad Holding N.V. 580 32,996
Reed Elsevier N.V. 8,381 139,609
Rodamco Europe N.V. (a) 1,391 161,844
SBM Offshore N.V. 775 21,038
Vedior N.V. 926 17,325
Wolters Kluwer N.V. 3,227 84,086
------------
Total Netherlands 911,939
--------------------------------------------------------------------------------
New Zealand - 1.2%
Contact Energy Ltd. 7,666 35,787
Fletcher Building Ltd. 9,447 52,921
Telecom Corp. of New Zealand Ltd. (a) 84,213 239,175
------------
Total New Zealand 327,883
--------------------------------------------------------------------------------
Norway - 1.0%
Aker ASA Class A 605 28,678
Norske Skogindustrier ASA 4,064 61,160
Orkla ASA 1,826 86,977
Storebrand ASA 5,589 59,074
Wilh. Wilhelmsen ASA Class A 255 8,058
Yara International ASA 3,047 46,275
------------
Total Norway 290,222
--------------------------------------------------------------------------------
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 71
Schedule of Investments (unaudited) (continued)
WisdomTree International MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Portugal - 1.6%
Banco BPI, S.A. 5,584 $ 41,592
Banco Comercial Portugues S.A. Class R 39,850 123,676
Banco Espirito Santo, S.A. 5,865 89,525
Brisa-Auto-estradas de Portugal S.A. 6,260 69,307
CIMPOR-Cimentos de Portugal SGPS, S.A. 8,061 57,694
PT Multimedia-Servicos de Telecomunicacoes
e Multimedia, SGPS, S.A. 3,397 41,095
Sonae SGPS, S.A. 13,871 24,072
------------
Total Portugal 446,961
--------------------------------------------------------------------------------
Singapore - 1.7%
CapitaLand Ltd. 10,000 31,833
City Developments Ltd. 5,000 33,724
Fraser and Neave Ltd. 25,000 65,242
Keppel Corp. Ltd. 5,000 46,647
SembCorp Industries Ltd. 4,000 8,472
SembCorp Marine Ltd. 15,000 31,581
Singapore Airlines Ltd. 15,000 138,048
Singapore Press Holdings Ltd. 20,000 51,689
Singapore Technologies Engineering Ltd. 15,000 26,948
StarHub Ltd. 25,714 36,470
------------
Total Singapore 470,654
--------------------------------------------------------------------------------
Spain - 4.0%
Acciona, S.A. 330 50,163
Acerinox S.A. (a) 1,826 35,182
Antena 3 de Television, S.A. 3,247 66,345
Banco de Valencia S.A. (a) 640 33,094
Banco Sabadell S.A. 2,642 94,847
Bankinter, S.A. 635 45,046
Cintra Concesiones de Infraestructuras de
Transporte, S.A. 1,931 27,176
Corporacion Financiera Alba, S.A. 480 28,724
Corporacion Mapfre S.A. 1,716 35,823
Ebro Puleva S.A. 1,281 26,158
Enagas 1,841 44,566
Fadesa Inmobiliaria S.A. (a) 775 34,410
Fomento de Construcciones y Contratas S.A. 1,091 87,068
Gamesa Corp Tecnologica S.A. 1,256 27,493
Gestevision Telecinco S.A. 5,539 141,032
Indra Sistemas S.A. 1,311 28,498
Metrovacesa, S.A. (a) 575 69,305
Promotora de Informaciones S.A. 1,531 25,038
Red Electrica de Espana 1,136 44,049
Sacyr Vallehermoso, S.A. (a) 1,656 75,204
Sociedad General de Aguas de Barcelona
S.A. Class A 996 32,312
Zardoya-Otis S.A. 2,318 66,801
------------
Total Spain 1,118,334
--------------------------------------------------------------------------------
Sweden - 4.7%
AB Volvo Class A 2,537 157,166
Alfa Laval AB 1,016 34,104
Assa Abloy AB Class B 3,047 56,649
Atlas Copco AB Class B 2,031 50,854
Electrolux AB Series B 4,064 65,991
Hexagon AB Class B 1,016 35,075
Holmen AB Class B 1,016 42,423
Industrivarden AB Class A 1,521 45,971
Investment AB Kinnevik Class B 2,031 23,972
Investor AB Class A 3,047 63,197
Investor AB Class B 4,064 84,568
Scania AB Class A 1,521 94,433
Scania AB Class B 1,521 90,697
Securitas AB Class B 3,047 38,251
Securitas Direct AB Class B* 3,047 7,650
Securitas Systems AB Class B* 3,047 11,434
Skanska AB Class B 6,095 103,128
SKF AB Class B 5,084 74,402
SSAB Svenskt Stal AB Series A 1,516 28,237
Svenska Cellulosa Aktiebolaget SCA Class B 2,537 116,317
Swedish Match AB 2,031 33,048
Tele2 AB Class B 3,047 30,767
Telefonaktiebolaget LM Ericsson Class A 10,162 35,290
------------
Total Sweden 1,323,624
--------------------------------------------------------------------------------
Switzerland - 2.1%
Baloise Holding AG 485 47,458
Ciba Specialty Chemicals Holding Inc. 1,031 62,076
EMS-Chemie Holding AG 270 31,200
Givaudan S.A. 45 35,922
Julius Baer Holding Ltd. 355 35,360
Kuehne + Nagel International AG 540 37,250
Lonza Group AG 280 19,337
Nobel Biocare Holding AG 105 25,770
Panalpina Welttransport Holding AG 145 15,553
Pargesa Holding S.A. 505 48,690
Phonak Holding AG 205 12,932
Schindler Holding AG 360 18,962
Schindler Holding AG Participating Shares 255 13,259
Serono S.A. 45 38,758
SGS S.A. 70 70,282
Straumann Holding AG 45 9,662
Swatch Group Ltd. (The) 400 15,471
Swatch Group Ltd. (The) Class B 100 19,267
Vontobel Holding AG 790 32,445
------------
Total Switzerland 589,654
--------------------------------------------------------------------------------
See Notes to Financial Statements.
72 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (concluded)
WisdomTree International MidCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
United Kingdom - 23.8%
3I Group PLC 7,395 $ 129,225
Alliance & Leicester PLC 8,106 164,437
Amvescap PLC 15,602 169,033
Antofagasta PLC 19,715 168,666
AWG PLC 6,545 188,888
Boots Group PLC 11,954 173,054
Brambles Industries PLC 17,293 154,729
Cable & Wireless PLC 68,336 176,793
Capita Group PLC 16,637 170,148
Carnival PLC 3,517 167,853
Carphone Warehouse Group PLC 22,427 128,715
Compass Group PLC 35,722 178,995
DSG International PLC 38,509 157,533
Enterprise Inns PLC 7,926 156,197
Friends Provident PLC 42,808 154,729
Gallaher Group PLC 9,837 160,598
Hammerson PLC 6,645 162,852
Hanson PLC 11,694 168,962
Hays PLC 46,505 125,526
Imperial Chemical Industries PLC 21,551 159,918
Intercontinental Hotels Group PLC 6,870 120,051
ITV PLC 70,664 127,707
J. Sainsbury PLC 23,217 162,848
Kelda Group PLC 9,717 154,373
Kingfisher PLC 42,617 195,234
Liberty International PLC 7,245 165,782
Next PLC 4,519 160,046
Northern Rock PLC 7,516 163,981
Pearson PLC 11,839 168,182
Persimmon PLC 6,630 165,705
Rentokil Initial PLC 51,164 140,013
Reuters Group PLC 19,965 162,041
Royal & Sun Alliance Insurance Group PLC 58,344 162,386
Scottish & Newcastle PLC 16,272 173,253
Severn Trent PLC 6,135 153,104
Smith & Nephew PLC 17,498 160,566
Smiths Group PLC 8,631 144,536
United Utilities PLC 23,803 313,685
Whitbread & Co. PLC 6,010 145,382
WM Morrison Supermarkets PLC 37,228 169,156
Yell Group PLC 14,501 161,304
------------
Total United Kingdom 6,686,186
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,084,016) 27,671,903
================================================================================
RIGHTS* - 0.0%
Germany - 0.0%
Suedzucker AG, expiring 10/30/06 (Cost: $0) 1,891 --
-------------
WARRANTS* - 0.0%
Hong Kong - 0.0%
China Overseas Land & Investment Ltd.,
expiring 07/18/07 (Cost: $0) 4,060 875
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,084,016) 27,672,778
================================================================================
SHORT-TERM INVESTMENT - 0.6%
MONEY MARKET FUND - 0.6%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $169,901) 169,901 169,901
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 3.5%
MONEY MARKET FUNDS (c) - 3.5%
AIM Liquid Assets Portfolio, 5.21% 1,100 1,100
AIM Prime Portfolio, 5.22% 50 50
UBS Enhanced Yield Portfolio, 5.30% 500,000 500,000
UBS Private Money Market Fund LLC, 5.23% 488,216 488,216
-------------
TOTAL INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED
(Cost: $989,366) (d) 989,366
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 102.7%
(Cost: $26,243,283) (e) 28,832,045
Liabilities in Excess of Cash, Foreign
Cash and Other Assets - (2.7)% (754,444)
-------------
NET ASSETS - 100.0% $28,077,601
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, was on loan on September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $937,543 and the total market value of the collateral held by the
Fund was $989,366.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 73
Schedule of Investments (unaudited)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
COMMON STOCKS - 98.6%
Australia - 16.8%
A.B.C. Learning Centres Ltd. (a) 13,271 $ 61,996
ABB Grain Ltd. 12,213 61,063
Adelaide Bank Ltd. (a) 7,227 69,302
Adelaide Brighton Ltd. 35,719 62,906
Alinta Ltd. 15,522 132,049
Allco Finance Group Ltd. 9,733 77,281
Ansell Ltd. 9,423 74,468
APN News & Media Ltd. (a) 24,468 92,757
Austereo Group Ltd. 54,729 75,148
Australian Pipeline Trust 21,586 78,449
Australian Stock Exchange Ltd. 1,925 46,687
AWB Ltd. 34,396 83,934
Bank of Queensland Ltd. (a) 6,681 77,129
Baycorp Advantage Ltd. 27,971 63,455
Bendigo Bank Ltd. (a) 7,342 79,171
Boom Logistics Ltd. 20,594 59,475
Challenger Financial Services Group Ltd. 27,365 70,861
City Pacific Ltd. 13,508 46,874
Coates Hire Ltd. 14,825 63,060
Corporate Express Australia Ltd. 14,585 57,141
Crane Group Ltd. (a) 7,112 63,370
David Jones Ltd. (a) 31,469 81,958
Downer EDI Ltd. 11,447 51,254
Energy Resources of Australia Ltd. 7,533 70,269
Excel Coal Ltd. 11,548 81,868
Flight Centre Ltd. (a) 8,986 90,461
Futuris Corp., Ltd. 40,791 61,794
Galileo Shopping America Trust 79,367 72,850
Great Southern Plantations Ltd. (a) 23,786 44,198
Gunns Ltd. 30,887 59,007
GWA International Ltd. 28,417 69,132
Hills Industries Ltd. (a) 19,336 67,241
Iluka Resources Ltd. 13,677 72,568
Iress Market Technology Ltd. (a) 15,602 73,002
Just Group Ltd. (a) 25,856 72,356
MFS Ltd. 21,481 63,960
Minara Resources Ltd. 39,884 121,436
Nufarm Ltd. (a) 8,716 63,742
OneSteel Ltd. 28,693 89,931
Pacific Brands Ltd. 48,920 92,362
PaperlinX Ltd. 28,507 81,902
Peet & Co. Ltd. 22,237 68,701
Primary Health Care Ltd. 7,673 69,571
Ramsay Health Care Ltd. 9,031 67,731
Rural Press Ltd. 8,379 69,406
Seek Ltd. 20,207 76,151
Seven Network Ltd. (a) 10,725 70,511
Sigma Pharmaceuticals Ltd. (a) 35,799 69,726
Sims Group Ltd. 9,151 141,360
Smorgon Steel Group Ltd. 77,492 96,284
Southern Cross Broadcasting Australia Ltd. (a) 8,039 77,388
Spotless Group Ltd. (a) 18,374 63,348
STW Communications Group Ltd. 30,667 63,850
Sunland Group Ltd. 40,060 70,851
Symbion Health Ltd. 29,354 74,917
Ten Network Holdings Ltd. (a) 37,664 82,072
Timbercorp Ltd. (a) 22,744 47,354
Tishman Speyer Office Fund 39,178 69,583
Transfield Services Ltd. (a) 11,778 74,270
United Group Ltd. 6,761 71,645
Washington H. Soul Pattinson & Co., Ltd. 10,715 66,607
West Australian Newspapers Holdings Ltd. (a) 15,105 102,237
-------------
Total Australia 4,571,430
--------------------------------------------------------------------------------
Austria - 0.5%
Andritz AG 195 29,716
AT&S Austria Technologie & Systemtechnik AG 456 11,553
Flughafen Wien AG 673 56,306
Schoeller-Bleckmann Oilfield Equipment AG 155 5,955
Semperit AG Holding 597 19,035
-------------
Total Austria 122,565
--------------------------------------------------------------------------------
Belgium - 2.0%
Barco N.V. 350 31,989
Compagnie Maritime Belge S.A. 5,042 171,680
Cumerio N.V. 887 18,517
Euronav N.V. 4,125 133,717
EVS Broadcast Equipment S.A. 376 20,909
Gimv N.V. 1,494 89,233
Melexis N.V. 1,539 25,968
Omega Pharma S.A. 210 12,096
Tessenderlo Chemie N.V. 1,218 46,194
-------------
Total Belgium 550,303
--------------------------------------------------------------------------------
Denmark - 1.1%
A/S Dampskibsselskabet TORM 3,272 168,966
Amagerbanken A/S 125 7,984
Auriga Industries A/S Class B (a) 502 13,473
Bang & Olufsen A/S Class B 200 21,437
FLSmidth & Co. A/S 757 35,041
NKT Holding A/S 502 37,862
Spar Nord Bank A/S 757 16,460
-------------
Total Denmark 301,223
--------------------------------------------------------------------------------
See Notes to Financial Statements.
74 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Finland - 3.3%
Amer Sports Oyj 2,010 $ 45,067
Citycon Oyj 5,032 26,453
Finnair Oyj 2,010 32,820
Finnlines Oyj 1,509 30,584
Fiskars Oyj Abp Class A 2,265 29,983
Hk-Ruokatalo Oyj Class A 2,265 31,274
Huhtamaki Oyj 2,772 47,931
KCI Konecranes PLC 1,509 28,616
Kemira GrowHow Oyj 4,531 31,683
Kemira Oyj 3,524 65,621
Lassila & Tikanoja Oyj 1,007 19,951
M-real Oyj Class B 8,054 40,708
Nokian Renkaat Oyj 2,516 45,226
Oriola-KD Oyj* 3,216 9,818
Orion Oyj Class B* 4,029 76,556
Perlos Oyj 2,516 13,800
Poyry Oyj 2,516 30,533
Rakentajain Konevuokraam Class B 1,509 25,519
Ramirent Oyj 502 21,627
Rapala VMC Oyj 3,022 22,586
Sponda Oyj 5,032 56,731
Stockmann Oyj Abp Class B 1,007 42,261
Technopolis PLC 3,022 23,926
Uponor Corp. 3,022 81,845
Vaisala Oyj Class A 757 26,371
-------------
Total Finland 907,490
--------------------------------------------------------------------------------
France - 2.1%
Acanthe Developpement S.A. 6,841 28,511
Alain Afflelou S.A. 416 18,333
April Group 386 16,551
Bacou-Dalloz S.A. 150 17,567
Canal Plus S.A. 4,746 47,976
CFF RECYCLING 481 15,751
FONCIA Groupe S.A. 406 19,019
Generale de Sante 752 25,501
Groupe Steria SCA 325 17,291
Haulotte Group 662 17,116
Havas S.A. 10,314 47,949
Ingenico S.A. 787 17,097
Kaufman & Broad S.A. 401 23,747
Manitou BF S.A. 977 42,970
Mercialys 617 20,735
Nexans S.A. 497 43,157
Provimi S.A. 260 9,667
Rallye S.A. 2,310 109,148
Trigano S.A. 335 15,082
Viel et Compagnie 3,192 18,357
-------------
Total France 571,525
--------------------------------------------------------------------------------
Germany - 2.7%
AWD Holding AG 1,699 61,316
BayWa AG 717 19,437
Comdirect Bank AG 3,909 41,842
DAB Bank AG 2,195 20,492
Deutsche Euroshop AG 617 42,729
Douglas Holding AG 1,062 49,641
ElringKlinger AG 386 19,803
H&R WASAG AG 1,232 69,136
IDS Scheer AG 962 20,534
Indus Holding AG 752 26,787
Kloeckner-Werke AG 4,009 58,452
Krones AG 150 19,776
Leoni AG 567 19,752
Medion AG (a) 1,468 16,290
MPC Muenchmeyer Petersen Capital AG 707 58,796
MVV Energie AG 1,744 51,320
Norddeutsche Affinerie AG 1,789 43,058
Sixt AG (a) 381 17,568
Software AG 532 32,536
Takkt AG 1,208 17,445
Vossloh AG 446 26,254
-------------
Total Germany 732,964
--------------------------------------------------------------------------------
Hong Kong - 3.3%
Beijing Enterprises Holdings Ltd. 10,074 19,005
China National Aviation Co., Ltd. 30,222 10,666
China Power International Development Ltd. 85,622 35,052
China Travel International Investment
Hong Kong Ltd. 211,533 46,692
CITIC International Financial Holdings Ltd. (a) 135,986 78,182
Cross-Harbour Holdings Ltd. 25,189 18,652
Dah Sing Banking Group Ltd. 14,103 30,153
Dah Sing Financial Holdings Ltd. 2,010 18,095
Fountain Set (Holdings) Ltd. 50,364 13,573
Fubon Bank Ltd. 60,432 23,421
Guangzhou Investment Co., Ltd. (a) 80,585 15,823
Hong Kong Aircraft Engineering Co. Ltd. 4,029 57,238
Hongkong & Shanghai Hotels Ltd. (The) 20,142 25,590
Hung Hing Printing Group Ltd. 40,290 21,716
i-CABLE Communications Ltd. 90,654 17,800
Industrial & Commercial Bank of China Ltd. 50,364 87,772
Kowloon Development Co., Ltd. 20,142 35,051
Liu Chong Hing Bank Ltd. 15,110 33,547
Oriental Press Group Ltd. 141,017 25,336
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 75
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Shanghai Industrial Holdings Ltd. 35,248 $ 66,585
Shaw Brothers (Hong Kong) Ltd. 15,110 27,923
Shenzhen Investment Ltd. 50,364 17,774
Silver Grant International Industries Ltd. 40,290 9,565
Singamas Container Holdings Ltd. 20,142 10,598
Sun Hung Kai & Co., Ltd. 25,189 24,665
Tianjin Development Holdings Ltd. 10,074 6,335
Vitasoy International Holdings Ltd. 50,364 19,842
Wheelock Properties Ltd. 25,189 19,331
Wing Lung Bank Ltd. 8,566 84,371
-------------
Total Hong Kong 900,353
--------------------------------------------------------------------------------
Ireland - 0.7%
Abbey PLC 927 11,048
DCC PLC 1,624 40,630
FBD Holdings PLC 577 27,555
Fyffes PLC 17,667 34,241
Glanbia PLC 7,073 24,034
Greencore Group PLC 6,380 31,560
McInerney Holdings PLC 627 10,149
United Drug PLC 3,132 13,909
-------------
Total Ireland 193,126
--------------------------------------------------------------------------------
Italy - 3.2%
Aedes SPA 3,859 25,126
AEM Torino SpA 10,033 29,136
Astaldi SpA 4,170 28,736
Autostrada Torino-Milano SpA 3,027 65,186
Azimut Holding SpA 2,526 28,798
Banca Intermobiliare SpA 4,445 46,960
Banca Popolare dell'Etruria e del Lazio 1,408 27,895
Banca Popolare di Intra 1,599 28,702
Banco di Desio e della Brianza SpA 3,167 26,959
Beni Stabili SpA 38,039 42,404
Caltagirone Editore SpA 3,509 29,382
Caltagirone SpA 2,305 24,337
Cam Finanziara SpA 11,196 19,785
Cementir SpA 3,824 29,524
COFIDE - Compagnia Finanziaria De
Benedeth SpA 19,120 25,189
Cremonini SpA 14,785 41,438
Gewiss SpA 3,192 24,261
IMMSI SpA (a) 8,901 23,340
Indesit Co. SpA 3,814 41,864
Interpump Group SpA 2,997 26,613
Piccolo Credito Valtellinese Scarl 3,207 46,962
Premafin Finanziaria SpA 9,793 29,152
Recordati SpA 4,290 29,998
Risanamento SpA 4,004 30,432
Societa Iniziative Autostradali e Servizi SpA 4,836 63,588
Sogefi SpA 3,874 27,236
-------------
Total Italy 863,003
--------------------------------------------------------------------------------
Japan - 17.2%
ABC-Mart, Inc. 1,500 33,541
ADEKA Corp. 2,500 26,786
Aichi Steel Corp. 5,000 34,854
Air Water, Inc. (a) 5,000 46,966
AOC Holdings, Inc. 2,000 35,320
Asatsu-DK, Inc. 1,000 30,407
Awa Bank Ltd. (The) 5,000 27,697
Calsonic Kansei Corp. 5,000 31,466
Central Glass Co., Ltd. 5,000 27,697
Circle K Sunkus Co. Ltd. 1,500 28,205
Coca-Cola West Japan Co., Ltd. 1,500 29,983
COMSYS Holdings Corp. 5,000 54,885
Daifuku Co., Ltd. 2,500 31,529
Daio Paper Corp. (a) 5,000 44,382
Daishi Bank Ltd. (The) 5,000 21,768
Diamond City Co., Ltd. 1,000 47,347
Disco Corp. 500 30,703
Don Quijote Co., Ltd. 1,500 31,762
Ebara Corp. (a) 10,000 36,251
Exedy Corp. 1,000 27,104
Ezaki Glico Co., Ltd. 5,000 48,575
Fuji Fire & Marine Insurance Co., Ltd. (The) 10,000 40,147
Futaba Corp. 1,000 26,596
Futaba Industrial Co., Ltd. 1,500 32,397
Gigas K's Denki Corp. 1,000 24,605
Goldcrest Co., Ltd. 600 32,575
Goodwill Group, Inc. (The) 40 24,190
Gunze Ltd. 5,000 28,290
Hankyu Department Stores, Inc. 5,000 42,307
Heiwa Corp. 2,000 26,020
Higo Bank Ltd. (The) 5,000 35,023
Hitachi Cable Ltd. 5,000 22,572
Hitachi Koki Co., Ltd. 5,000 66,743
Hitachi Maxell Ltd. 2,500 32,440
Hokkoku Bank Ltd. (The) 5,000 22,403
Horiba Ltd. 1,000 30,492
House Foods Corp. 2,000 33,033
Hyakugo Bank Ltd. (The) 5,000 32,270
Hyakujushi Bank Ltd. (The) 5,000 31,296
JACCS Co., Ltd. 5,000 53,106
Japan Aviation Electronics Industry Ltd. 5,000 70,808
Kagoshima Bank Ltd. (The) 5,000 36,759
Kandenko Co., Ltd. 5,000 34,345
See Notes to Financial Statements.
76 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Katokichi Co., Ltd. 3,500 $ 28,607
Keihin Corp. 1,500 38,369
Keisei Electric Railway Co., Ltd. 5,000 30,661
Keiyo Bank Ltd. (The) 5,000 28,162
Kobayashi Pharmaceutical Co., Ltd. 1,000 38,199
Koei Co., Ltd. (a) 1,500 24,495
Komeri Co., Ltd. 1,000 33,371
Komori Corp. 5,000 101,850
KOSE Corp. 1,000 32,270
Kyowa Exeo Corp. 5,000 52,259
Lintec Corp. 1,000 23,165
Lion Corp. (a) 5,000 26,934
Makino Milling Machine Co., Ltd. 5,000 42,561
Meiji Dairies Corp. (a) 5,000 33,795
Meiji Seika Kaisha Ltd. 5,000 25,410
Meitec Corp. 1,000 30,746
MISUMI Group, Inc. 2,000 34,303
Musashino Bank Ltd. (The) 500 27,739
Nabtesco Corp. 5,000 56,748
Nachi-Fujikoshi Corp. 5,000 24,097
Nagase & Co., Ltd. 5,000 62,254
Nichirei Corp. 5,000 26,384
Nihon Unisys Ltd. 2,000 35,828
Nippon Kayaku Co., Ltd. 5,000 42,392
Nippon Light Metal Co., Ltd. 10,000 25,156
Nippon Paint Co., Ltd. 5,000 26,045
Nippon Suisan Kaisha Ltd. 6,000 33,033
Nishimatsuya Chain Co., Ltd. 2,000 37,776
Nishi-Nippon Railroad Co., Ltd. 10,000 37,437
Nissan Diesel Motor Co., Ltd. 5,000 19,735
Nissha Printing Co., Ltd. 1,000 45,399
Obic Co., Ltd. 150 31,724
Ogaki Kyoritsu Bank Ltd. (The) 5,000 22,826
Oki Electric Industry Co., Ltd. 15,000 33,795
Okumura Corp. 5,000 27,485
OSG Corp. 2,000 28,493
PanaHome Corp. (a) 5,000 35,701
Paris Miki, Inc. 1,500 25,981
Plenus Co., Ltd. 1,000 27,019
Point, Inc. 500 26,426
QP Corp. 3,500 33,083
Rengo Co., Ltd. 5,000 33,287
Rinnai Corp. 1,000 28,628
Sagami Railway Co., Ltd. 10,000 34,473
Saibu Gas Co., Ltd. 15,000 34,049
San-In Godo Bank Ltd. (The) 5,000 45,738
Sanken Electric Co., Ltd. 5,000 64,710
Sankyu, Inc. (a) 5,000 28,755
Sanwa Shutter Corp. 5,000 28,374
Sanyo Shinpan Finance Co., Ltd. 600 23,987
Sanyo Special Steel Co., Ltd. 5,000 38,707
Sapporo Holdings Ltd. (a) 5,000 23,758
Seven & I Holdings Co., Ltd. 880 28,323
Shiga Bank Ltd. (The) 5,000 31,847
Shimachu Co., Ltd. 1,000 29,391
Shimadzu Corp. 5,000 38,496
Shin-Etsu Polymer Co., Ltd. 2,500 35,955
Showa Corp. 2,000 36,251
Sohgo Security Services Co., Ltd. 1,500 26,553
Sumitomo Osaka Cement Co., Ltd. 10,000 29,645
Sumitomo Real Estate Sales Co., Ltd. 450 38,343
Sumitomo Warehouse Co., Ltd. (The) 5,000 35,743
Sundrug Co., Ltd. 1,500 34,430
Sysmex Corp. 1,000 38,115
Taiyo Yuden Co., Ltd. 5,000 75,128
Toda Corp. 5,000 23,419
Tokai Carbon Co., Ltd. 5,000 31,847
Tokai Rubber Industries, Inc. 2,000 28,967
Tokai Tokyo Securities Co., Ltd. 5,000 25,706
Tokyo Dome Corp. 5,000 25,198
Tokyo Ohka Kogyo Co., Ltd. 1,000 26,596
Tokyo Style Co., Ltd. 5,000 60,263
Tokyo Tomin Bank Ltd. (The) 1,000 42,011
Toppan Forms Co., Ltd. 2,500 31,614
Toshiba Machine Co., Ltd. 5,000 39,682
Toshiba TEC Corp. 5,000 23,377
Toyo Ink Manufacturing Co., Ltd. 5,000 19,565
Toyo Suisan Kaisha Ltd. 5,000 72,121
Toyobo Co., Ltd. 10,000 26,341
Toyota Auto Body Co., Ltd. 2,000 34,811
Tsubakimoto Chain Co. 5,000 23,081
Tsumura & Co. 5,000 115,614
UFJ Central Leasing Co., Ltd. 500 22,911
ULVAC, Inc. 1,000 35,150
Union Tool Co. 500 20,794
Xebio Co., Ltd. 1,000 30,915
Yamatake Corp. 1,500 36,971
Yamato Kogyo Co., Ltd. 1,500 32,334
Yamazaki Baking Co., Ltd. 5,000 48,490
Yokohama Rubber Co., Ltd. (The) 5,000 24,012
-------------
Total Japan 4,687,834
--------------------------------------------------------------------------------
Netherlands - 3.1%
Aalberts Industries N.V. 749 55,457
Arcadis N.V. 537 23,577
Binck N.V. 1,494 21,726
Eurocommercial Properties N.V. 1,854 87,484
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 77
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
Getronics N.V. 2,100 $ 14,152
Heijmans N.V. 857 39,440
Imtech N.V. 722 37,818
Konin Klijke Boskalis Westminster N.V. 572 37,171
Koninklijke Wessanen N.V. 4,034 55,802
Macintosh Retail Group N.V. 757 22,823
Nieuwe Steen Investments N.V. 2,410 63,255
Nutreco Holding N.V. 426 26,172
OCE N.V. 3,999 64,132
Stork N.V. 857 43,316
Telegraaf Media Groep N.V. 1,032 24,512
Univar N.V. 587 24,575
Vastned Offices/Industrial N.V. 1,208 42,694
Vastned Retail N.V. 667 54,666
Wegener N.V. 1,413 17,541
Wereldhave N.V. 812 88,563
-------------
Total Netherlands 844,876
--------------------------------------------------------------------------------
New Zealand - 2.8%
Air New Zealand Ltd. 57,997 50,741
Auckland International Airport Ltd. 69,508 92,125
CanWest MediaWorks (NZ) Ltd. 22,593 20,799
Fisher & Paykel Appliances Holdings Ltd. 15,852 37,363
Fisher & Paykel Healthcare Corp. 18,469 50,042
Freightways Ltd. 9,748 23,612
Infratil Ltd. 8,981 24,158
Mainfreight Ltd. 6,706 28,678
New Zealand Refining Co., Ltd. (The) 16,704 68,708
Nuplex Industries Ltd. 5,614 23,458
PGG Wrightson Ltd. 17,471 18,935
Port of Tauranga Ltd. 7,262 23,470
Pumpkin Patch Ltd. 8,876 23,470
Sanford Ltd. 7,127 22,103
Sky City Entertainment Group Ltd. 28,124 97,321
Steel & Tube Holdings Ltd. 8,736 26,237
Vector Ltd. 32,366 50,082
Warehouse Group Ltd. (The) 19,004 79,782
-------------
Total New Zealand 761,084
--------------------------------------------------------------------------------
Norway - 1.9%
ABG Sundal Collier ASA 30,222 53,549
Acta Holding ASA 22,663 91,783
Aker Yards AS 807 61,899
Aktiv Kapital ASA 1,509 20,371
Camillo Eitzen & Co. A/S 1,659 18,579
Ekornes ASA 2,265 46,734
Expert ASA 1,007 11,740
Hafslund ASA Class B 1,007 17,611
ProSafe ASA 502 30,804
Schibsted ASA 1,258 37,825
Solstad Offshore ASA 1,007 17,842
Sparebanken Midt-Norge 3,524 42,032
Tomra Systems ASA (a) 2,010 12,272
Veidekke ASA 1,258 39,562
-------------
Total Norway 502,603
--------------------------------------------------------------------------------
Portugal - 0.9%
Corticeira Amorim S.A. 3,469 8,481
Finibanco Holding, SGPS, S.A. 2,465 9,024
Jeronimo Martins, SGPS, S.A. 3,869 69,007
Mota-Engil, SGPS, S.A. 4,684 26,345
Portucel-Empresa Produtora De Pasta E
Papel, S.A. (a) 18,454 50,727
SAG Gest-Solucoes Automovel Globais,
SGPS, S.A. 12,131 26,124
Semapa-Sociedade de Investimento e
Gestao, SGPS, S.A. 5,949 61,041
-------------
Total Portugal 250,749
--------------------------------------------------------------------------------
Singapore - 6.7%
Ascendas Real Estate Investment Trust 65,000 88,093
CapitaCommercial Trust 40,000 55,724
CapitaMall Trust Management Ltd. 60,000 96,067
ComfortDelgro Corp., Ltd. 80,000 85,224
Cosco Corp. (Singapore) Ltd. 65,000 68,016
Creative Technology Ltd. (a) 9,500 62,279
Fortune Real Estate Investment Trust 25,000 18,929
Guocoland Ltd. 30,000 45,197
Haw Par Corp., Ltd. 15,000 60,042
Hi-P International Ltd. 80,000 42,108
Jardine Cycle & Carriage Ltd. 10,000 75,643
Jaya Holdings Ltd. 60,000 52,572
Keppel Land Ltd. 20,000 62,532
Labroy Marine Ltd. 65,000 69,655
MFS Technology Ltd. 65,000 43,432
MobileOne Ltd. 60,000 79,803
Overseas Union Enterprise Ltd. 8,000 51,437
Parkway Holdings Ltd. 35,000 61,775
Raffles Holdings Ltd. 110,000 50,618
Singapore Airport Terminal Services Ltd. 45,000 61,838
Singapore Land Ltd. 10,000 49,483
Singapore Petroleum Co., Ltd. 15,000 44,440
Singapore Post Ltd. 110,000 70,033
SMRT Corp. Ltd. 85,000 59,474
Suntec Real Estate Investment Trust 65,000 60,640
United Industrial Corp., Ltd. 50,000 51,374
UOL Group Ltd. 25,000 55,156
Venture Corp., Ltd. 5,000 39,713
Want Want Holdings Ltd. 40,000 62,000
See Notes to Financial Statements.
78 WisdomTree Trust International Equity Funds
Schedule of Investments (unaudited) (continued)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
WBL Corp., Ltd. (a) 15,000 $ 47,088
Wheelock Properties (Singapore) Ltd. 55,000 62,059
-------------
Total Singapore 1,832,444
--------------------------------------------------------------------------------
Spain - 0.8%
Campofrio Alimentacion S.A. 1,945 35,849
Dinamia Capital Privado S.C.R., S.A. 335 10,189
Europistas, Concesionaria Espanola S.A. 2,992 26,000
Faes Farma S.A. (a) 742 20,744
Grupo Duro Felguera S.A. 1,173 7,043
Grupo Empresarial Ence S.A. 692 34,459
Miquel y Costas & Miquel, S.A. 195 5,867
Obrascon Huarte Lain, S.A. 937 20,534
Prosegur Cia de Seguridad S.A. 972 29,157
Tubacex S.A. 1,067 5,974
Tubos Reunidos, S.A. 582 11,818
-------------
Total Spain 207,634
--------------------------------------------------------------------------------
Sweden - 5.3%
AB Industrivarden Class C 2,010 57,871
Axfood AB 2,516 76,388
Cardo AB 1,007 30,848
Castellum AB 6,541 73,634
Clas Ohlson AB Class B 2,010 41,072
D Carnegie & Co. AB 4,531 95,522
Eniro AB 5,032 61,797
Fabege AB 5,538 122,420
Hoganas AB Class B 1,509 39,946
Hufvudstaden AB Class A 5,032 42,571
Intrum Justitia AB 4,029 39,583
JM AB 2,005 35,224
Kungsleden Fastighets AB 6,541 74,527
L E Lundbergforetagen AB Class B 757 38,890
Meda AB Class A 2,010 46,214
Munters AB 1,258 48,751
NCC AB Class B 2,010 43,197
Nibe Industrier AB Class B 4,029 53,327
Nobia AB 1,509 50,447
Oresund Investment AB 2,516 46,519
Peab AB 2,010 32,775
Ratos AB Class B 5,032 94,583
SSAB Svenskt Stal AB Series B 3,022 53,607
Trelleborg AB Class B 3,022 56,906
Wallenstam Byggnads AB Class B 3,022 44,741
WM-data AB Class B 15,110 52,576
-------------
Total Sweden 1,453,936
--------------------------------------------------------------------------------
Switzerland - 0.2%
Ascom Holding AG 547 6,238
Converium Holding AG 967 11,722
Kudelski S.A. 461 13,603
Swiss Steel AG 200 11,619
-------------
Total Switzerland 43,182
--------------------------------------------------------------------------------
United Kingdom - 24.0%
Aberdeen Asset Management PLC 27,575 84,346
Aero Inventory PLC 1,423 10,327
Aggreko PLC 16,283 101,892
Arriva PLC 7,904 97,444
Atkins WS PLC 5,212 85,091
Babcock International Group PLC 13,015 84,786
Bodycote International PLC 16,604 73,662
Bovis Homes Group PLC 5,182 89,683
Brit Insurance Holdings PLC 25,335 142,921
Burren Energy PLC 5,493 86,343
Capital & Regional PLC 4,160 92,160
Carillion PLC 13,767 94,121
Carpetright PLC 3,448 74,390
Cattles PLC 15,852 112,447
Crest Nicholson PLC 8,274 83,768
Croda International PLC 9,638 91,907
Dairy Crest Group PLC 8,871 97,436
Davis Service Group PLC 9,111 81,776
De La Rue PLC 7,708 82,358
Derwent Valley Holdings PLC 2,922 99,611
DS Smith PLC 27,018 77,721
Electrocomponents PLC 34,627 179,975
F&C Asset Management PLC 28,161 106,916
Filtrona PLC 13,742 67,382
Findel PLC 7,372 77,941
First Choice Holidays PLC 18,399 68,565
FKI PLC 37,153 62,633
Forth Ports PLC 2,420 87,516
Go-Ahead Group PLC 2,375 87,663
Great Portland Estates PLC 8,886 100,422
Greene King PLC 5,443 91,810
Halfords Group PLC 13,888 87,036
Halma PLC 22,418 79,983
Hiscox PLC 19,701 83,537
HMV Group PLC 24,833 75,147
Homeserve PLC 2,762 85,799
Intermediate Capital Group PLC 3,358 89,384
Intertek Group PLC 6,064 88,353
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 79
Schedule of Investments (unaudited) (concluded)
WisdomTree International SmallCap Dividend Fund
September 30, 2006
================================================================================
Investments Shares U.S. $ Value
--------------------------------------------------------------------------------
J D Wetherspoon PLC 10,179 $ 97,113
Jardine Lloyd Thompson Group PLC 13,116 95,550
Laird Group PLC 10,931 76,774
London Merchant Securities 16,795 75,372
Matalan PLC 23,581 82,150
McCarthy & Stone PLC 4,826 96,638
Millennium & Copthorne Hotels PLC 10,219 91,912
Misys PLC 21,836 92,283
N Brown Group PLC 19,250 84,951
Northern Foods PLC 51,536 86,640
Northgate PLC 4,145 78,627
Paragon Group of Cos. (The) PLC 6,199 78,045
Pendragon PLC 7,598 70,822
Premier Farnell PLC 23,651 79,964
Premier Foods PLC 13,923 69,115
PZ Cussons PLC 27,970 81,635
Quintain Estates & Development PLC 6,866 89,777
Redrow PLC 9,256 101,750
Renishaw PLC 4,826 70,766
Savills PLC 7,643 76,024
Schroders PLC 4,385 70,893
SIG PLC 4,952 90,743
Smiths News PLC * 9,352 21,007
Songbird Estates PLC Class B 30,862 134,467
Spectris PLC 7,222 85,057
Spirax-Sarco Engineering PLC 4,821 82,940
SSL International PLC 14,520 94,929
Stagecoach Group PLC 41,948 99,513
Taylor Nelson Sofres PLC 17,707 70,782
Topps Tiles PLC 14,058 68,013
Ultra Electronics Holdings PLC 4,325 84,909
Victrex PLC 5,473 80,917
Viridian Group PLC 5,543 110,892
VT Group PLC 8,666 78,267
Weir Group (The) PLC 9,848 88,437
WH Smith PLC * 9,352 62,845
Wolverhampton & Dudley Breweries
(The) PLC 3,232 86,936
Woolworths Group PLC 127,505 84,551
-------------
Total United Kingdom 6,536,258
--------------------------------------------------------------------------------
TOTAL COMMON STOCKS (Cost: $25,029,621) 26,834,582
================================================================================
RIGHTS* - 0.0%
Italy - 0.0%
IMMSI SpA, expiring 10/13/06 (a) (Cost: $0) 8,901 $ 1,488
-------------
TOTAL LONG-TERM INVESTMENTS
(Cost: $25,029,621) 26,836,070
================================================================================
SHORT-TERM INVESTMENT - 1.0%
MONEY MARKET FUND - 1.0%
United States - 1.0%
Columbia Cash Reserves Fund, 4.92% (b)
(Cost: $285,535) 285,535 285,535
================================================================================
INVESTMENTS OF CASH COLLATERAL FOR
SECURITIES LOANED - 8.1%
MONEY MARKET FUNDS (c) - 8.1%
UBS Enhanced Yield Portfolio, 5.30% 1,300,000 1,300,000
UBS Private Money Market Fund LLC, 5.23% 894,751 894,751
-------------
TOTAL INVESTMENTS OF CASH
COLLATERAL FOR SECURITIES LOANED
(Cost: $2,194,751) (d) 2,194,751
================================================================================
TOTAL INVESTMENTS IN SECURITIES - 107.7%
(Cost: $27,509,907) (e) 29,316,356
-------------
Liabilities in Excess of Cash, Foreign Cash
and Other Assets - (7.7)% (2,096,949)
-------------
NET ASSETS - 100.0% $ 27,219,407
================================================================================
* Non-income producing security.
(a) Security, or portion thereof, were on loan on September 30, 2006 (See Note
2).
(b) Rate shown represents annualized 7-day yield as of September 30, 2006.
(c) Interest rates shown reflect yields as of September 30, 2006.
(d) At September 30, 2006, the total market value of the Fund's securities on
loan was $2,007,001 and the total market value of the collateral held by
the Fund was $2,194,751.
(e) Aggregate cost for Federal income tax purposes is substantially the same
as for book purposes.
See Notes to Financial Statements.
80 WisdomTree Trust International Equity Funds
Statements of Assets and Liabilities (unaudited)
WisdomTree International Equity Funds
September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree
DIEFA WisdomTree Europe Europe
WisdomTree High-Yielding Europe Total High-Yielding SmallCap
DIEFA Fund Equity Fund Dividend Fund Equity Fund Dividend Fund
----------- ------------- ------------- ------------- -------------
ASSETS:
------------------------------------------------------------------------------------------------------------------------------------
Investments, at cost $26,143,573 $20,703,767 $10,366,546 $21,282,807 $25,709,169
Foreign currency, at cost 30,466 43,191 8,533 9,163 159,602
------------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value
(including securities on loan) (Note 2): 27,709,871 21,993,708 11,098,935 22,174,681 27,945,217
Foreign currency, at value 30,264 42,910 8,525 9,156 160,042
Receivables:
Investment securities sold 14,219 9,843 10,305 15,670 --
Dividends and interest 40,827 43,213 10,852 24,358 55,412
Foreign tax reclaims 478 338 482 830 1,367
------------------------------------------------------------------------------------------------------------------------------------
Total Assets 27,795,659 22,090,012 11,129,099 22,224,695 28,162,038
====================================================================================================================================
LIABILITIES:
Due to custodian 34,748 -- -- -- --
Payables:
Collateral for securities on loan (Note 2) 195,116 81,050 25,717 48,420 318,505
Investment advisory fees (Note 3) 6,463 7,269 3,321 6,263 13,053
------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 236,327 88,319 29,038 54,683 331,558
====================================================================================================================================
NET ASSETS $27,559,332 $22,001,693 $11,100,061 $22,170,012 $27,830,480
====================================================================================================================================
NET ASSETS:
Paid-in capital $24,759,381 $19,752,410 $ 9,392,791 $20,330,461 $25,432,196
Undistributed net investment income 108,783 116,260 51,456 77,555 146,260
Accumulated net realized gain on investments
and foreign currency related transactions 1,125,670 844,014 923,618 870,528 16,007
Net unrealized appreciation on investments and
translation of assets and liabilities denominated
in foreign currencies 1,565,498 1,289,009 732,196 891,468 2,236,017
------------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $27,559,332 $22,001,693 $11,100,061 $22,170,012 $27,830,480
====================================================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 500,100 400,100 200,100 400,100 500,100
------------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 55.11 $ 54.99 $ 55.47 $ 55.41 $ 55.65
====================================================================================================================================
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 81
Statements of Assets and Liabilities (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
====================================================================================================================================
WisdomTree
WisdomTree WisdomTree WisdomTree Pacific
WisdomTree Japan Japan Pacific ex- ex-Japan
Japan Total High-Yielding SmallCap Japan Total High-Yielding
Dividend Fund Equity Fund Dividend Fund Dividend Fund Equity Fund
------------- ------------- ------------- ------------- -------------
ASSETS:
------------------------------------------------------------------------------------------------------------------------------------
Investments, at cost $ 26,122,971 $ 27,779,142 $ 10,158,072 $ 10,618,242 $ 17,814,885
Foreign currency, at cost 108,415 24,818 56,398 44,027 37,268
------------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value
(including securities on loan) (Note 2): 27,058,479 28,721,930 10,333,717 11,104,494 18,175,143
Foreign currency, at value 107,771 24,671 56,031 43,900 37,138
Receivables:
Dividends and interest 107,310 146,552 46,555 32,611 72,493
------------------------------------------------------------------------------------------------------------------------------------
Total Assets 27,273,560 28,893,153 10,436,303 11,181,005 18,284,774
====================================================================================================================================
LIABILITIES:
Due to custodian 345,154 10,214 54,903 -- --
Payables:
Collateral for securities on loan (Note 2) 889,415 2,760,525 377,744 389,768 2,458,154
Investment advisory fees (Note 3) 10,246 12,441 2,856 2,536 4,498
------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 1,244,815 2,783,180 435,503 392,304 2,462,652
====================================================================================================================================
NET ASSETS $ 26,028,745 $ 26,109,973 $ 10,000,800 $ 10,788,701 $ 15,822,122
====================================================================================================================================
NET ASSETS:
Paid-in capital $ 25,011,494 $ 25,045,340 $ 9,653,791 $ 9,091,147 $ 14,632,812
Undistibuted net investment income 87,051 123,140 36,885 86,818 133,215
Accumulated net realized gain (loss) on investments
and foreign currency related transactions (3,721) 132 135,254 1,125,116 696,992
Net unrealized appreciation on investments and
translation of assets and liabilities denominated
in foreign currencies 933,921 941,361 174,870 485,620 359,103
------------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $ 26,028,745 $ 26,109,973 $ 10,000,800 $ 10,788,701 $ 15,822,122
====================================================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 500,100 500,100 200,100 200,100 300,100
------------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 52.05 $ 52.21 $ 49.98 $ 53.92 $ 52.72
====================================================================================================================================
See Notes to Financial Statements.
82 WisdomTree Trust International Equity Funds
Statements of Assets and Liabilities (unaudited) (concluded)
WisdomTree International Equity Funds
September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree WisdomTree
International International International International
LargeCap Dividend MidCap SmallCap
Dividend Fund Top 100 Fund Dividend Fund Dividend Fund
------------- ------------- ------------- -------------
ASSETS:
------------------------------------------------------------------------------------------------------------------------------------
Investments, at cost $25,588,352 $26,293,279 $26,243,283 $27,509,907
Foreign currency, at cost 81,901 3,973 76,797 159,323
------------------------------------------------------------------------------------------------------------------------------------
Investments in securities, at value
(including securities on loan) (Note 2): 27,737,983 28,879,230 28,832,045 29,316,356
Foreign currency, at value 81,646 3,936 77,081 160,562
Receivables:
Investment securities sold -- -- 78,190 --
Dividends and interest 51,965 58,642 92,028 102,956
Foreign tax reclaims 436 432 765 242
------------------------------------------------------------------------------------------------------------------------------------
Total Assets 27,872,030 28,942,240 29,080,109 29,580,116
====================================================================================================================================
LIABILITIES:
Due to custodian 172,910 -- -- 153,185
Payables:
Collateral for securities on loan (Note 2) 203,989 993,750 989,366 2,194,751
Investment advisory fees (Note 3) 10,734 13,108 13,142 12,773
------------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 387,633 1,006,858 1,002,508 2,360,709
====================================================================================================================================
NET ASSETS $27,484,397 $27,935,382 $28,077,601 $27,219,407
====================================================================================================================================
NET ASSETS
Paid-in capital $25,219,271 $25,188,222 $25,273,677 $25,195,007
Undistributed net investment income 112,218 159,485 164,476 202,599
Accumulated net realized gain on investments
and foreign currency related transactions 4,311 2,680 51,971 14,995
Net unrealized appreciation on investments and
translation of assets and liabilities denominated
in foreign currencies 2,148,597 2,584,995 2,587,477 1,806,806
------------------------------------------------------------------------------------------------------------------------------------
NET ASSETS $27,484,397 $27,935,382 $28,077,601 $27,219,407
====================================================================================================================================
Beneficial interest shares of $0.001 par value
(unlimited number of shares authorized) 500,100 500,100 500,100 500,100
------------------------------------------------------------------------------------------------------------------------------------
Net asset value per share $ 54.96 $ 55.86 $ 56.14 $ 54.43
====================================================================================================================================
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 83
Statements of Operations (unaudited)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree WisdomTree
DIEFA Europe Europe Europe
WisdomTree High-Yielding Total High-Yielding SmallCap
DIEFA Fund Equity Fund Dividend Fund Equity Fund Dividend Fund
----------- ------------- ------------- ------------- -------------
INVESTMENT INCOME:
------------------------------------------------------------------------------------------------------------------------------------
Dividends(1) $ 137,283 $ 144,594 $ 67,025 $ 98,684 $ 183,567
Interest 516 609 548 510 782
Securities lending income (Note 2) -- 43 10 5 --
------------------------------------------------------------------------------------------------------------------------------------
Total investment income 137,799 145,246 67,583 99,199 184,349
====================================================================================================================================
EXPENSES:
Investment advisory fees (Note 3) 29,016 28,986 16,127 21,644 38,089
Trustee fees 3,655 3,655 3,655 3,655 3,655
Chief compliance officer fees 2,083 2,083 2,083 2,083 2,083
Legal fees 1,501 1,501 1,501 1,501 1,501
Miscellaneous fees 296 179 156 73 230
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 36,551 36,404 23,522 28,956 45,558
------------------------------------------------------------------------------------------------------------------------------------
Expense reimbursements (Note 3) (7,535) (7,418) (7,395) (7,312) (7,469)
------------------------------------------------------------------------------------------------------------------------------------
Net expenses 29,016 28,986 16,127 21,644 38,089
------------------------------------------------------------------------------------------------------------------------------------
Net investment income 108,783 116,260 51,456 77,555 146,260
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions 14,384 10,392 9,342 1,542 16,654
In-kind redemptions 1,111,660 833,653 914,803 868,861 --
Foreign currency related transactions (374) (31) (527) 125 (647)
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain 1,125,670 844,014 923,618 870,528 16,007
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 1,566,298 1,289,941 732,389 891,874 2,236,048
Translation of assets and liabilities denominated in
foreign currencies (800) (932) (193) (406) (31)
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation 1,565,498 1,289,009 732,196 891,468 2,236,017
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 2,691,168 2,133,023 1,655,814 1,761,996 2,252,024
====================================================================================================================================
NET INCREASE IN NET ASSETS RESULTING
FROM OPERATIONS $ 2,799,951 $ 2,249,283 $ 1,707,270 $ 1,839,551 $ 2,398,284
====================================================================================================================================
* Commencement of investment operations
1. Net of foreign withholding tax of $14,674, $14,552, $9,910, $14,629 and
$4,462, respectively.
See Notes to Financial Statements.
84 WisdomTree Trust International Equity Funds
Statements of Operations (unaudited) (continued)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree
Pacific
WisdomTree WisdomTree WisdomTree WisdomTree ex-Japan
Japan Japan Japan Pacific High-
Total High-Yielding SmallCap ex-Japan Total Yielding
Dividend Fund Equity Fund Dividend Fund Dividend Fund Equity Fund
------------- ------------- ------------- -------------- -----------
INVESTMENT INCOME:
------------------------------------------------------------------------------------------------------------------------------------
Dividends(1) $ 117,254 $ 158,887 $ 49,887 $ 105,225 $ 156,792
Interest 9 30 172 90 185
Securities lending income (Note 2) -- 770 156 282 --
------------------------------------------------------------------------------------------------------------------------------------
Total investment income 117,263 159,687 50,215 105,597 156,977
------------------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Investment advisory fees (Note 3) 30,212 36,547 13,330 18,779 23,762
Trustee fees 3,655 3,655 3,655 3,655 3,655
Chief compliance officer fees 2,083 2,083 2,083 2,083 2,083
Legal fees 1,501 1,501 1,501 1,501 1,501
Miscellaneous fees 141 103 255 114 48
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 37,592 43,889 20,824 26,132 31,049
------------------------------------------------------------------------------------------------------------------------------------
Expenses reimbursements (Note 3) (7,380) (7,342) (7,494) (7,353) (7,287)
------------------------------------------------------------------------------------------------------------------------------------
Net expenses 30,212 36,547 13,330 18,779 23,762
------------------------------------------------------------------------------------------------------------------------------------
Net investment income 87,051 123,140 36,885 86,818 133,215
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions (2,496) 831 (27) 7,334 (665)
In-kind redemptions -- -- 136,379 1,116,793 694,801
Foreign currency related transactions (1,225) (699) (1,098) 989 2,856
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain (loss) (3,721) 132 135,254 1,125,116 696,992
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation (depreciation) from:
Investment transactions 935,508 942,788 175,645 486,252 360,258
Translation of assets and liabilities denominated in
foreign currencies (1,587) (1,427) (775) (632) (1,155)
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation 933,921 941,361 174,870 485,620 359,103
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 930,200 941,493 310,124 1,610,736 1,056,095
====================================================================================================================================
NET INCREASE IN NET ASSETS RESULTING
FROM OPERATIONS $ 1,017,251 $ 1,064,633 $ 347,009 $ 1,697,554 $ 1,189,310
====================================================================================================================================
* Commencement of investment operations.
1. Net of foreign withholding tax of $8,826, $11,959, $3,755, $1,087 and
$4,125, respectively.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 85
Statements of Operations (unaudited) (concluded)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree WisdomTree
International International International International
LargeCap Dividend MidCap SmallCap
Dividend Fund Top 100 Fund Dividend Fund Dividend Fund
------------- ------------- ------------- -------------
INVESTMENT INCOME:
------------------------------------------------------------------------------------------------------------------------------------
Dividends(1) $ 142,659 $ 195,973 $ 201,010 $ 237,863
Interest 993 1,147 1,079 815
Securities lending income (Note 2) -- 407 476 1,094
Total investment income 143,652 197,527 202,565 239,772
------------------------------------------------------------------------------------------------------------------------------------
EXPENSES:
Investment advisory fees (Note 3) 31,434 38,042 38,089 37,173
Trustee fees 3,655 3,655 3,655 3,655
Chief compliance officer fees 2,083 2,083 2,083 2,083
Legal fees 1,501 1,501 1,501 1,501
Miscellaneous fees 130 49 184 275
------------------------------------------------------------------------------------------------------------------------------------
Total expenses 38,803 45,330 45,512 44,687
------------------------------------------------------------------------------------------------------------------------------------
Expense reimbursements (Note 3) (7,369) (7,288) (7,423) (7,514)
------------------------------------------------------------------------------------------------------------------------------------
Net expenses 31,434 38,042 38,089 37,173
------------------------------------------------------------------------------------------------------------------------------------
Net investment income 112,218 159,485 164,476 202,599
====================================================================================================================================
NET REALIZED AND UNREALIZED GAIN (LOSS)
ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions 5,595 3,127 53,061 12,803
Foreign currency related transactions (1,284) (447) (1,090) 2,192
------------------------------------------------------------------------------------------------------------------------------------
Net realized gain 4,311 2,680 51,971 14,995
------------------------------------------------------------------------------------------------------------------------------------
Net change unrealized appreciation (depreciation) from:
Investment transactions 2,149,631 2,585,951 2,588,762 1,806,449
Translation of assets and liabilities denominated
in foreign currencies (1,034) (956) (1,285) 357
------------------------------------------------------------------------------------------------------------------------------------
Net change in unrealized appreciation 2,148,597 2,584,995 2,587,477 1,806,806
------------------------------------------------------------------------------------------------------------------------------------
Net realized and unrealized gain on investments 2,152,908 2,587,675 2,639,448 1,821,801
====================================================================================================================================
NET INCREASE IN NET ASSETS RESULTING
FROM OPERATIONS $ 2,265,126 $ 2,747,160 $ 2,803,924 $ 2,024,400
====================================================================================================================================
* Commencement of investment operations
1. Net of foreign withholding tax of $8,667, $11,020, $5,499 and $7,683,
respectively.
See Notes to Financial Statements.
86 WisdomTree Trust International Equity Funds
Statements of Changes in Net Assets (unaudited)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree WisdomTree
DIEFA Europe Europe Europe
WisdomTree High-Yielding Europe Total High-Yielding SmallCap
DIEFA Fund Equity Fund Dividend Fund Equity Fund Dividend Fund
------------------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
------------------------------------------------------------------------------------------------------------------------------------
OPERATIONS:
Net investment income $ 108,783 $ 116,260 $ 51,456 $ 77,555 $ 146,260
Net realized gain on investments and foreign
currency related transactions 1,125,670 844,014 923,618 870,528 16,007
Net change in unrealized appreciation on
investments and translation of assets
and liabilities denominated in foreign
currencies 1,565,498 1,289,009 732,196 891,468 2,236,017
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 2,799,951 2,249,283 1,707,270 1,839,551 2,398,284
====================================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 38,073,768 30,385,492 20,099,718 31,006,218 25,432,196
Cost of shares redeemed (13,314,387) (10,633,082) (10,706,927) (10,675,757) --
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 24,759,381 19,752,410 9,392,791 20,330,461 25,432,196
====================================================================================================================================
Net Increase in Net Assets 27,559,332 22,001,693 11,100,061 22,170,012 27,830,480
====================================================================================================================================
NET ASSETS:
Beginning of period -- -- -- -- --
End of period $ 27,559,332 $ 22,001,693 $ 11,100,061 $ 22,170,012 $ 27,830,480
====================================================================================================================================
Undistributed net investment income
included in net assets at end of period $ 108,783 $ 116,260 $ 51,456 $ 77,555 $ 146,260
====================================================================================================================================
SHARES CREATED AND REDEEMED:
Shares created 750,100 600,100 400,100 600,100 500,100
Shares redeemed (250,000) (200,000) (200,000) (200,000) --
------------------------------------------------------------------------------------------------------------------------------------
Net increase in shares outstanding 500,100 400,100 200,100 400,100 500,100
====================================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 87
Statements of Changes in Net Assets (unaudited) (continued)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree
WisdomTree WisdomTree Pacific Pacific
WisdomTree Japan Japan ex-Japan ex-Japan
Japan Total High-Yielding SmallCap Dividend High-Yielding
Dividend Fund Equity Fund Total Dividend Fund Equity Fund
------------------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
------------------------------------------------------------------------------------------------------------------------------------
OPERATIONS:
Net investment income $ 87,051 $ 123,140 $ 36,885 $ 86,818 $ 133,215
Net realized gain (loss) on investments and
foreign currency related transactions (3,721) 132 135,254 1,125,116 696,992
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 933,921 941,361 174,870 485,620 359,103
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 1,017,251 1,064,633 347,009 1,697,554 1,189,310
====================================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sales of shares 25,011,494 25,045,340 14,613,414 24,791,727 29,982,131
Cost of shares redeemed -- -- (4,959,623) (15,700,580) (15,349,319)
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 25,011,494 25,045,340 9,653,791 9,091,147 14,632,812
====================================================================================================================================
Net Increase in Net Assets 26,028,745 26,109,973 10,000,800 10,788,701 15,822,122
====================================================================================================================================
NET ASSETS:
Beginning of period -- -- -- -- --
End of period $ 26,028,745 $ 26,109,973 $ 10,000,800 $ 10,788,701 $ 15,822,122
====================================================================================================================================
Undistributed net investment income
included in net assets at end of period $ 87,051 $ 123,140 $ 36,885 $ 86,818 $ 133,215
====================================================================================================================================
SHARES CREATED AND REDEEMED:
Shares created 500,100 500,100 300,100 500,100 600,100
Shares redeemed -- -- (100,000) (300,000) (300,000)
------------------------------------------------------------------------------------------------------------------------------------
Net increase in shares outstanding 500,100 500,100 200,100 200,100 300,100
====================================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
88 WisdomTree Trust International Equity Funds
Statements of Changes in Net Assets (unaudited) (concluded)
WisdomTree International Equity Funds
For the Period June 16, 2006* through September 30, 2006
====================================================================================================================================
WisdomTree WisdomTree WisdomTree WisdomTree
International International International International
LargeCap Dividend MidCap SmallCap
Dividend Fund Top 100 Fund Dividend Fund Dividend Fund
------------------------------------------------------------------------------------------------------------------------------------
INCREASE IN NET ASSETS
====================================================================================================================================
OPERATIONS:
Net investment income $ 112,218 $ 159,485 $ 164,476 $ 202,599
Net realized gain on investments and foreign
currency related transactions 4,311 2,680 51,971 14,995
Net change in unrealized appreciation on
investments and translation of assets and
liabilities denominated in foreign currencies 2,148,597 2,584,995 2,587,477 1,806,806
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from operations 2,265,126 2,747,160 2,803,924 2,024,400
====================================================================================================================================
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold 25,219,271 25,188,222 25,273,677 25,195,007
------------------------------------------------------------------------------------------------------------------------------------
Net increase in net assets resulting from capital
share transactions 25,219,271 25,188,222 25,273,677 25,195,007
====================================================================================================================================
Net Increase in Net Assets 27,484,397 27,935,382 28,077,601 27,219,407
====================================================================================================================================
NET ASSETS:
Beginning of period -- -- -- --
End of period $ 27,484,397 $ 27,935,382 $ 28,077,601 $ 27,219,407
====================================================================================================================================
Undistributed net investment income
included in net assets at end of period $ 112,218 $ 159,485 $ 164,476 $ 202,599
====================================================================================================================================
SHARES CREATED AND REDEEMED:
Shares created 500,100 500,100 500,100 500,100
------------------------------------------------------------------------------------------------------------------------------------
Net increase in shares outstanding 500,100 500,100 500,100 500,100
====================================================================================================================================
* Commencement of investment operations.
See Notes to Financial Statements.
WisdomTree Trust International Equity Funds 89
Financial Highlights (unaudited)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree DIEFA Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.94
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.25
Net realized and unrealized gain 4.92
--------------------------------------------------------------------------------
Total from investment operations 5.17
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 55.11
================================================================================
TOTAL RETURN(3) 10.35%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,559
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4)
Expenses, prior to expense reimbursements 0.60%(4)
Net investment income 1.80%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6)
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree DIEFA High-Yielding Equity Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.77
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.33
Net realized and unrealized gain 4.89
--------------------------------------------------------------------------------
Total from investment operations 5.22
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 54.99
================================================================================
TOTAL RETURN(3) 10.49%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 22,002
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.73%(4)
Net investment income 2.33%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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.
90 WisdomTree Trust International Equity Funds
Financial Highlights (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Europe Total Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.95
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.23
Net realized and unrealized gain 5.29
--------------------------------------------------------------------------------
Total from investment operations 5.52
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 55.47
================================================================================
TOTAL RETURN(3) 11.05%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 11,100
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4)
Expenses, prior to expense reimbursements 0.70%(4)
Net investment income 1.53%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6)
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Europe High-Yielding Equity Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.83
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.28
Net realized and unrealized gain 5.30
--------------------------------------------------------------------------------
Total from investment operations 5.58
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 55.41
================================================================================
TOTAL RETURN(3) 11.20%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 22,170
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.78%(4)
Net investment income 2.08%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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 Trust International Equity Funds 91
Financial Highlights (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Europe SmallCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.42
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.32
Net realized and unrealized gain 4.91
--------------------------------------------------------------------------------
Total from investment operations 5.23
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 55.65
================================================================================
TOTAL RETURN(3) 10.37%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,830
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.69%(4)
Net investment income 2.23%(4)
Portfolio turnover rate(5) 1%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Japan Total Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.32
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.19
Net realized and unrealized gain 1.54
--------------------------------------------------------------------------------
Total from investment operations 1.73
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 52.05
================================================================================
TOTAL RETURN(3) 3.44%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 26,029
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4)
Expenses, prior to expense reimbursements 0.60%(4)
Net investment income 1.38%(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. 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.
92 WisdomTree Trust International Equity Funds
Financial Highlights (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Japan High-Yielding Equity Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.14
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.27
Net realized and unrealized gain 1.80
--------------------------------------------------------------------------------
Total from investment operations 2.07
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 52.21
================================================================================
TOTAL RETURN(3) 4.13%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 26,110
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.70%(4)
Net investment income 1.95%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6)
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Japan SmallCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.69
Investment operations:
Net investment income(2) 0.21
Net realized and unrealized loss (0.92)
--------------------------------------------------------------------------------
Total from investment operations (0.71)
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.98
================================================================================
TOTAL RETURN(3) (1.40)%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 10,001
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.91%(4)
Net investment income 1.61%(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. 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 Trust International Equity Funds 93
Financial Highlights (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Pacific ex-Japan Total Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.71
--------------------------------------------------------------------------------
Investment operations:
Net investment income(2) 0.32
Net realized and unrealized gain 3.89
--------------------------------------------------------------------------------
Total from investment operations 4.21
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 53.92
================================================================================
TOTAL RETURN(3) 8.47%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 10,789
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4)
Expenses, prior to expense reimbursements 0.67%(4)
Net investment income 2.22%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 0%(6)
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree Pacific ex-Japan High-Yielding Equity Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.02
Investment operations:
Net investment income(2) 0.44
Net realized and unrealized gain 3.26
--------------------------------------------------------------------------------
Total from investment operations 3.70
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 52.72
================================================================================
TOTAL RETURN(3) 7.55%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 15,822
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.76%(4)
Net investment income 3.25%(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. 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.
94 WisdomTree Trust International Equity Funds
Financial Highlights (unaudited) (continued)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree International LargeCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.86
Investment operations:
Net investment income(2) 0.25
Net realized and unrealized gain 4.85
--------------------------------------------------------------------------------
Total from investment operations 5.10
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 54.96
================================================================================
TOTAL RETURN(3) 10.23%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,484
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.48%(4)
Expenses, prior to expense reimbursements 0.59%(4)
Net investment income 1.71%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 1%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree International Dividend Top 100 Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 49.77
Investment operations:
Net investment income(2) 0.35
Net realized and unrealized gain 5.74
--------------------------------------------------------------------------------
Total from investment operations 6.09
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 55.86
================================================================================
TOTAL RETURN(3) 12.24%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,935
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.69%(4)
Net investment income 2.43%(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. 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 Trust International Equity Funds 95
Financial Highlights (unaudited) (concluded)
WisdomTree International Equity Funds
September 30, 2006
Selected data for a share of beneficial interest outstanding throughout the
period is presented below:
================================================================================
For the period
June 16, 2006(1) through
WisdomTree International MidCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.13
Investment operations:
Net investment income(2) 0.37
Net realized and unrealized gain 5.64
--------------------------------------------------------------------------------
Total from investment operations 6.01
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 56.14
================================================================================
TOTAL RETURN(3) 11.99%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 28,078
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.69%(4)
Net investment income 2.50%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 2%
================================================================================
================================================================================
For the period
June 16, 2006(1) through
WisdomTree International SmallCap Dividend Fund September 30, 2006
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 50.35
Investment operations:
Net investment income(2) 0.45
Net realized and unrealized gain 3.63
--------------------------------------------------------------------------------
Total from investment operations 4.08
--------------------------------------------------------------------------------
Net asset value, beginning of period $ 54.43
================================================================================
TOTAL RETURN(3) 8.10%
--------------------------------------------------------------------------------
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000's omitted) $ 27,219
Ratio to average net assets of:
Expenses, net of expense reimbursements 0.58%(4)
Expenses, prior to expense reimbursements 0.70%(4)
Net investment income 3.16%(4)
--------------------------------------------------------------------------------
Portfolio turnover rate(5) 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.
96 WisdomTree Trust International Equity 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, 2006, the Trust offered
20 investment funds (each a "Fund", collectively, the "Funds"). Each Fund is
considered to be non-diversified. The Funds commenced operations on June 16,
2006.
These financial statements relate only to the WisdomTree DIEFA Fund ("DIEFA
Fund"), WisdomTree DIEFA High-Yielding Equity Fund ("DIEFA 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 Dividend Top 100
Fund ("International Dividend Top 100 Fund"), WisdomTree International LargeCap
Dividend Fund ("International LargeCap Dividend Fund"), WisdomTree International
MidCap Dividend Fund ("International MidCap Dividend Fund"), and WisdomTree
International SmallCap Dividend Fund ("International SmallCap Dividend Fund"),
together the "International Equity 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. Each Index consists of dividend paying
securities in the market suggested by its name that meet specific criteria
developed by WisdomTree Investments, Inc. ("WisdomTree Investments").
"WisdomTree", "WisdomTree Investments", "WisdomTree DIEFA", 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.
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 -- 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. 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 (the "NAV Calculation
Time"). NAV per share is calculated by dividing a Fund's net assets by the
number of Fund shares outstanding. 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 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. Eastern time. 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 Statement of Operations. Certain
foreign exchange gains and losses included in realized and unrealized gains or
losses are included in or are a reduction of ordinary income in accordance with
U.S. Federal income tax regulations.
(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.
WisdomTree Trust International Equity Funds 97
Notes to Financial Statements (unaudited) (continued)
(e) Expenses/Reimbursements -- WisdomTree Asset Management, Inc. ("WTA") 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 WTA. Pursuant to a separate contractual
arrangement WTA has agreed to pay 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) 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.
(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.
98 WisdomTree Trust International Equity Funds
Notes to Financial Statements (unaudited) (continued)
3. ADVISER FEES AND TRANSACTIONS
Adviser Fees -- WTA provides investment management services to each Fund
pursuant to an Investment Advisory Agreement between the Trust and WTA. As
compensation for services rendered, facilities furnished, and expenses borne by
WTA, each Fund pays WTA 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 (bps)
-----------------------------------------------------------------
DIEFA Fund 0.48%
-----------------------------------------------------------------
DIEFA 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%
-----------------------------------------------------------------
For the period ended September 30, 2006, the advisory expense reimbursements
were as follows:
=================================================================
Fund Advisory Expense
Reimbursements
-----------------------------------------------------------------
DIEFA Fund $7,535
-----------------------------------------------------------------
DIEFA High-Yielding Equity Fund 7,418
-----------------------------------------------------------------
Europe Total Dividend Fund 7,395
-----------------------------------------------------------------
Europe High-Yielding Equity Fund 7,312
-----------------------------------------------------------------
Europe SmallCap Dividend Fund 7,469
-----------------------------------------------------------------
Japan Total Dividend Fund 7,380
-----------------------------------------------------------------
Japan High-Yielding Equity Fund 7,342
-----------------------------------------------------------------
Japan SmallCap Dividend Fund 7,494
-----------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 7,353
-----------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 7,287
-----------------------------------------------------------------
International LargeCap Dividend Fund 7,369
-----------------------------------------------------------------
International Dividend Top 100 Fund 7,288
-----------------------------------------------------------------
International MidCap Dividend Fund 7,423
-----------------------------------------------------------------
International SmallCap Dividend Fund 7,514
-----------------------------------------------------------------
4. CAPITAL SHARE TRANSACTIONS
As of September 30, 2006, there were an unlimited number of $0.001 par value
capital shares of beneficial interest authorized by the Trust. Capital 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 capital 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 involved in the relevant Fund's underlying
index and an amount of cash. Investors purchasing and redeeming Creation Units
pay a purchase transaction fee and a redemption transaction fee to offset
transfer and other transaction costs associated with the issuance and redemption
of Creation Units.
WisdomTree Trust International Equity Funds 99
Notes to Financial Statements (unaudited) (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind transactions and
short-term investments) for the period ended September 30, 2006 were as follows:
================================================================================
Fund Purchases Sales
--------------------------------------------------------------------------------
DIEFA Fund $ 99,482 $ 219,404
--------------------------------------------------------------------------------
DIEFA High-Yielding Equity Fund 164,223 226,092
--------------------------------------------------------------------------------
Europe Total Dividend Fund -- 198,521
--------------------------------------------------------------------------------
Europe High-Yielding Equity Fund 149,616 103,285
--------------------------------------------------------------------------------
Europe SmallCap Dividend Fund 246,590 237,456
--------------------------------------------------------------------------------
Japan Total Dividend Fund 333,400 107,315
--------------------------------------------------------------------------------
Japan High-Yielding Equity Fund 4,300 22,073
--------------------------------------------------------------------------------
Japan SmallCap Dividend Fund 20,354 79,439
--------------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 44,840 96,942
--------------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 100,015 32,981
--------------------------------------------------------------------------------
International LargeCap Dividend Fund 180,591 147,187
--------------------------------------------------------------------------------
International Dividend Top 100 Fund -- 36,059
--------------------------------------------------------------------------------
International MidCap Dividend Fund 381,262 413,739
--------------------------------------------------------------------------------
International SmallCap Dividend Fund 289,744 371,219
--------------------------------------------------------------------------------
For the period ended September 30, 2006, the cost of in-kind purchases and the
proceeds from in-kind sales were as follows:
================================================================================
Fund Purchases Sales
--------------------------------------------------------------------------------
DIEFA Fund $37,951,770 $13,156,325
--------------------------------------------------------------------------------
DIEFA High-Yielding Equity Fund 30,277,958 10,563,886
--------------------------------------------------------------------------------
Europe Total Dividend Fund 20,050,082 10,534,265
--------------------------------------------------------------------------------
Europe High-Yielding Equity Fund 30,810,679 10,588,587
--------------------------------------------------------------------------------
Europe SmallCap Dividend Fund 25,345,974 --
--------------------------------------------------------------------------------
Japan Total Dividend Fund 25,009,967 --
--------------------------------------------------------------------------------
Japan High-Yielding Equity Fund 25,035,558 --
--------------------------------------------------------------------------------
Japan SmallCap Dividend Fund 14,617,638 4,914,578
--------------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 24,710,407 15,673,013
--------------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 29,788,957 15,314,135
--------------------------------------------------------------------------------
International LargeCap Dividend Fund 25,101,575 --
--------------------------------------------------------------------------------
International Dividend Top 100 Fund 25,129,619 --
--------------------------------------------------------------------------------
International MidCap Dividend Fund 25,063,431 --
--------------------------------------------------------------------------------
International SmallCap Dividend Fund 25,098,292 --
--------------------------------------------------------------------------------
Gains and losses on in-kind redemptions are not recognized at the Fund level for
tax purposes.
100 WisdomTree Trust International Equity Funds
Notes to Financial Statements (unaudited) (continued)
6. FEDERAL INCOME TAXES
At September 30, 2006, the aggregate gross unrealized appreciation and
depreciation of investments for Federal income tax purposes were substantially
the same as for book purposes, as indicated below:
=======================================================================================================================
Tax Cost Gross Gross Net
(Including Securities Unrealized Unrealized Unrealized
Fund on Loan) Appreciation Depreciation Appreciation
-----------------------------------------------------------------------------------------------------------------------
DIEFA Fund $26,143,573 $1,609,013 $ (42,715) $1,566,298
-----------------------------------------------------------------------------------------------------------------------
DIEFA High-Yielding Equity Fund 20,703,767 1,332,444 (42,503) 1,289,941
-----------------------------------------------------------------------------------------------------------------------
Europe Total Dividend Fund 10,366,546 753,863 (21,474) 732,389
-----------------------------------------------------------------------------------------------------------------------
Europe High-Yielding Equity Fund 21,282,807 929,027 (37,153) 891,874
-----------------------------------------------------------------------------------------------------------------------
Europe SmallCap Dividend Fund 25,709,169 2,531,850 (295,802) 2,236,048
-----------------------------------------------------------------------------------------------------------------------
Japan Total Dividend Fund 26,122,971 1,331,348 (395,840) 935,508
-----------------------------------------------------------------------------------------------------------------------
Japan High-Yielding Equity Fund 27,779,142 1,370,935 (428,147) 942,788
-----------------------------------------------------------------------------------------------------------------------
Japan SmallCap Dividend Fund 10,158,072 337,897 (162,252) 175,645
-----------------------------------------------------------------------------------------------------------------------
Pacific ex-Japan Total Dividend Fund 10,618,242 514,005 (27,753) 486,252
-----------------------------------------------------------------------------------------------------------------------
Pacific ex-Japan High-Yielding Equity Fund 17,814,885 447,375 (87,117) 360,258
-----------------------------------------------------------------------------------------------------------------------
International LargeCap Dividend Fund 25,588,352 2,240,433 (90,802) 2,149,631
-----------------------------------------------------------------------------------------------------------------------
International Dividend Top 100 Fund 26,293,279 2,617,172 (31,221) 2,585,951
-----------------------------------------------------------------------------------------------------------------------
International MidCap Dividend Fund 26,243,283 2,768,633 (179,871) 2,588,762
-----------------------------------------------------------------------------------------------------------------------
International SmallCap Dividend Fund 27,509,907 2,260,890 (454,441) 1,806,449
-----------------------------------------------------------------------------------------------------------------------
7. NEW ACCOUNTING PRONOUNCEMENTS
On July 13, 2006, the Financial Accounting Standards Board ("FASB") released
FASB Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" ("FIN
48"). FIN 48 provides guidance for how uncertain tax positions should be
recognized, measured, presented and disclosed in the financial statements. FIN
48 requires the evaluation of tax positions taken or expected to be taken in the
course of preparing the Fund's tax returns to determine whether the tax
positions are "more-likely-than-not" of being sustained by the applicable tax
authority. Tax positions not deemed to meet the more-likely-than-not threshold
would be recorded as a tax benefit or expense in the current year. Adoption of
FIN 48 is required for fiscal years beginning after December 15, 2006 and is to
be applied to all open tax years as of the effective date. At this time,
management is evaluating the implications of FIN 48 and its impact in the
financial statements has not yet been determined.
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. At this time, management is evaluating the implications
of FAS 157 and its impact in the financial statements has not yet been
determined.
WisdomTree Trust International Equity Funds 101
Notes to Financial Statements (unaudited) (concluded)
8. SUBSEQUENT EVENT
Effective October 13, 2006, the Trust added ten international sector ETFs. Each
ETF focuses on a specific industry sector consisting of only international
equity securities. Each has an expense ratio of 0.58% and represents the
international sector specified in its name:
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)
102 WisdomTree Trust International Equity 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 (generally 4:15
p.m.) 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. The
gap in time between the calculation of per share NAV and market price (4:00 p.m.
and 4:15 p.m., respectively) is one factor that contributes to differences
between a Fund's NAV and the market price of its shares. Other factors that
contribute to such differences are the supply and demand for Fund shares and
investors' assessments of the underlying value of a Fund's portfolio securities.
Differences between the closing times of U.S. and non-U.S. markets may
contribute to differences between the NAV and market price of Fund shares. Many
non-U.S. markets close prior to the close of the U.S. securities exchanges.
Developments after the close of such markets as a result of ongoing price
discovery may be reflected in a Fund's market price but not in its NAV (or vice
versa).
====================================================================================================================================
Market Price Above or Equal to Market Price Below
Net Asset Value Net Asset Value
------------------------------ --------------------------
Basis Point Number Percentage of Number Percentage of
Differential* of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree DIEFA Fund 0-24.9 14 19.72% 8 11.27%
--------------------------------------------------------------------------------
25-49.9 11 15.49% 7 9.86%
--------------------------------------------------------------------------------
50-74.9 7 9.86% 4 5.63%
--------------------------------------------------------------------------------
75-100.0 7 9.86% 0 0.00%
--------------------------------------------------------------------------------
>100.0 12 16.90% 1 1.41%
--------------------------------------------------------------------------------
Total 51 71.83% 20 28.17%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree DIEFA High-Yielding Equity Fund 0-24.9 11 15.49% 8 11.27%
--------------------------------------------------------------------------------
25-49.9 13 18.31% 7 9.86%
--------------------------------------------------------------------------------
50-74.9 6 8.45% 3 4.22%
--------------------------------------------------------------------------------
75-100.0 8 11.27% 1 1.41%
--------------------------------------------------------------------------------
>100.0 13 18.31% 1 1.41%
--------------------------------------------------------------------------------
Total 51 71.83% 20 28.17%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Europe Total Dividend Fund 0-24.9 14 19.72% 11 15.49%
--------------------------------------------------------------------------------
25-49.9 7 9.86% 5 7.04%
--------------------------------------------------------------------------------
50-74.9 9 12.68% 5 7.04%
--------------------------------------------------------------------------------
75-100.0 8 11.27% 2 2.82%
--------------------------------------------------------------------------------
>100.0 9 12.67% 1 1.41%
--------------------------------------------------------------------------------
Total 47 66.20% 24 33.80%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Europe High-Yielding Equity Fund 0-24.9 18 25.35% 7 9.86%
--------------------------------------------------------------------------------
25-49.9 8 11.27% 5 7.04%
--------------------------------------------------------------------------------
50-74.9 9 12.68% 3 4.22%
--------------------------------------------------------------------------------
75-100.0 9 12.68% 2 2.82%
--------------------------------------------------------------------------------
>100.0 10 14.08% 0 0.00%
--------------------------------------------------------------------------------
Total 54 76.06% 17 23.94%
====================================================================================================================================
WisdomTree Trust International Equity Funds 103
Frequency Distribution of Discounts & Premiums (unaudited) (continued)
====================================================================================================================================
Market Price Above or Equal to Market Price Below
Net Asset Value Net Asset Value
------------------------------ --------------------------
Basis Point Number Percentage of Number Percentage of
Differential* of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree Europe SmallCap Dividend Fund 0-24.9 8 11.27% 0 0.00%
--------------------------------------------------------------------------------
25-49.9 16 22.54% 0 0.00%
--------------------------------------------------------------------------------
50-74.9 13 18.31% 0 0.00%
--------------------------------------------------------------------------------
75-100.0 10 14.08% 0 0.00%
--------------------------------------------------------------------------------
>100.0 24 33.80% 0 0.00%
--------------------------------------------------------------------------------
Total 71 100.00% 0 0.00%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Japan Total Dividend Fund 0-24.9 7 9.86% 5 7.04%
--------------------------------------------------------------------------------
25-49.9 5 7.04% 6 8.45%
--------------------------------------------------------------------------------
50-74.9 6 8.45% 5 7.04%
--------------------------------------------------------------------------------
75-100.0 11 15.50% 0 0.00%
--------------------------------------------------------------------------------
>100.0 25 35.21% 1 1.41%
--------------------------------------------------------------------------------
Total 54 76.06% 17 23.94%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Japan High-Yielding Equity Fund 0-24.9 5 7.04% 8 11.27%
--------------------------------------------------------------------------------
25-49.9 6 8.45% 4 5.63%
--------------------------------------------------------------------------------
50-74.9 8 11.27% 6 8.45%
--------------------------------------------------------------------------------
75-100.0 10 14.09% 0 0.00%
--------------------------------------------------------------------------------
>100.0 23 32.39% 1 1.41%
--------------------------------------------------------------------------------
Total 52 73.24% 19 26.76%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Japan SmallCap Dividend Fund 0-24.9 5 7.04% 10 14.09%
--------------------------------------------------------------------------------
25-49.9 10 14.08% 10 14.08%
--------------------------------------------------------------------------------
50-74.9 4 5.63% 5 7.04%
--------------------------------------------------------------------------------
75-100.0 8 11.27% 2 2.82%
--------------------------------------------------------------------------------
>100.0 9 12.68% 8 11.27%
--------------------------------------------------------------------------------
Total 36 50.70% 35 49.30%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Pacific ex-Japan Total Dividend Fund 0-24.9 12 16.90% 9 12.68%
--------------------------------------------------------------------------------
25-49.9 6 8.45% 10 14.08%
--------------------------------------------------------------------------------
50-74.9 5 7.04% 7 9.86%
--------------------------------------------------------------------------------
75-100.0 7 9.86% 4 5.63%
--------------------------------------------------------------------------------
>100.0 5 7.05% 6 8.45%
--------------------------------------------------------------------------------
Total 35 49.30% 36 50.70%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree Pacific ex-Japan High-Yielding
Equity Fund 0-24.9 10 14.09% 8 11.27%
--------------------------------------------------------------------------------
25-49.9 10 14.09% 11 15.49%
--------------------------------------------------------------------------------
50-74.9 4 5.63% 8 11.27%
--------------------------------------------------------------------------------
75-100.0 4 5.63% 3 4.22%
--------------------------------------------------------------------------------
>100.0 7 9.86% 6 8.45%
--------------------------------------------------------------------------------
Total 35 49.30% 36 50.70%
====================================================================================================================================
104 WisdomTree Trust International Equity Funds
Frequency Distribution of Discounts & Premiums (unaudited) (concluded)
====================================================================================================================================
Market Price Above or Equal to Market Price Below
Net Asset Value Net Asset Value
------------------------------ --------------------------
Basis Point Number Percentage of Number Percentage of
Differential* of Days Total Days of Days Total Days
------------------------------------------------------------------------------------------------------------------------------------
June 16, 2006** - September 30, 2006
WisdomTree International LargeCap Dividend Fund 0-24.9 6 8.45% 1 1.41%
--------------------------------------------------------------------------------
25-49.9 18 25.35% 0 0.00%
--------------------------------------------------------------------------------
50-74.9 13 18.31% 0 0.00%
--------------------------------------------------------------------------------
75-100.0 9 12.68% 0 0.00%
--------------------------------------------------------------------------------
>100.0 24 33.80% 0 0.00%
--------------------------------------------------------------------------------
Total 70 98.59% 1 1.41%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree International Dividend Top 100 Fund 0-24.9 7 9.86% 1 1.41%
--------------------------------------------------------------------------------
25-49.9 11 15.49% 0 0.00%
--------------------------------------------------------------------------------
50-74.9 17 23.95% 0 0.00%
--------------------------------------------------------------------------------
75-100.0 11 15.49% 0 0.00%
--------------------------------------------------------------------------------
>100.0 24 33.80% 0 0.00%
--------------------------------------------------------------------------------
Total 70 98.59% 1 1.41%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree International MidCap Dividend Fund 0-24.9 11 15.49% 2 2.82%
--------------------------------------------------------------------------------
25-49.9 12 16.90% 0 0.00%
--------------------------------------------------------------------------------
50-74.9 11 15.49% 0 0.00%
--------------------------------------------------------------------------------
75-100.0 10 14.09% 0 0.00%
--------------------------------------------------------------------------------
>100.0 25 35.21% 0 0.00%
--------------------------------------------------------------------------------
Total 69 97.18% 2 2.82%
====================================================================================================================================
June 16, 2006** - September 30, 2006
WisdomTree International SmallCap Dividend Fund 0-24.9 4 5.63% 3 4.23%
--------------------------------------------------------------------------------
25-49.9 15 21.13% 0 0.00%
--------------------------------------------------------------------------------
50-74.9 13 18.31% 0 0.00%
--------------------------------------------------------------------------------
75-100.0 9 12.67% 0 0.00%
--------------------------------------------------------------------------------
>100.0 27 38.03% 0 0.00%
--------------------------------------------------------------------------------
Total 68 95.77% 3 4.23%
====================================================================================================================================
* A basis point equals one-hundredth of one percent (0.01%).
** Commencement of investment operations.
WisdomTree Trust International Equity Funds 105
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
receives, reviews and evaluates information concerning the services and
personnel of WTA, the investment adviser, and BNY Investment Advisors ("BNYIA"),
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, total expenses, the Trust's investment performance, and
other relevant factors at any future meeting at which a renewal of the
Investment Advisory Agreements is considered, the process of evaluating WTA and
BNYIA 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 WTA and BNYIA under the Investment Advisory Agreements includes
deliberations at quarterly meetings.
Initial Approval of Investment Advisory Agreement. The Trust and WTA have
entered into an investment advisory agreement (the "Advisory Agreement"). At a
meeting held on February 21, 2006 the Board of Trustees, including a majority of
the Independent Trustees, approved the Advisory Agreement with WTA with respect
to the Funds. In approving the Advisory Agreement with WTA, the Board reviewed
and analyzed the factors it deemed relevant, including: (1) the nature, quality
and extent of the services to be provided to the Funds by WTA; (2) WTA's
personnel and operations; (3) WTA's financial condition; (4) the level and
method of computing each Fund's advisory fee; (5) the possibility of "fall-out"
benefits to WTA and its affiliates (i.e., ancillary benefits that may be
realized by WTA or its affiliates from WTA's relationship with the Funds); (6)
the anticipated effect of growth and size on each Fund's performance and
expenses; and (7) possible conflicts of interest.
The Board also considered the nature and quality of the services to be provided
by WTA to the Funds, recognizing WTA's operational capabilities and resources.
The Board also noted the extensive responsibilities that WTA 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 WTA, the Board concluded that the level of
the fees paid to WTA with respect to each Fund is fair and reasonable.
The Board also approved the Sub-Advisory Agreement with the sub-adviser to the
Funds, BNYIA, using the same criteria it used for WTA. 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 ("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 WTA,
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 WTA 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.
106 WisdomTree Trust International Equity Funds
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 each Fund's proxies during the period ended June 30,
2006, is available without charge, upon request, (i) by calling 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 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 800-SEC-0330); (ii) sending your request and a duplicating
fee to the SEC's Public Reference Room, Washington, DC 20549-0102; or (iii)
sending your request electronically to publicinfo@sec.gov.
Information about each Fund's portfolio holdings is available daily at
www.wisdomtree.com.
WisdomTree Trust Domestic Equity Funds 107
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.
1625 Broadway
Denver, CO 80202
Independent Registered Public Accountant
Ernst & Young LLP
5 Times Square
New York, NY 10036
Legal Counsel
Kirkpatrick & Lockhart Nicholson Graham LLP
599 Lexington Avenue
New York, NY 10022
108 WisdomTree Trust International Equity Funds
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their
respective ticker symbols:
WisdomTree Domestic Equity 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 Equity Funds
WisdomTree DIEFA Fund (DWM)
WisdomTree DIEFA 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 Sector Funds
WisdomTree International Basic Material Sector Fund (DBN)
WisdomTree International Communication Sector Fund (DGG)
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 Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Sector Fund (DPN)
WisdomTree International Technology Sector Fund (DBT)
WisdomTree International Utilities Sector Fund (DBU)
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 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. Transactions in fund shares will result in brokerage
commissions and will generate tax consequences. Shares may be sold through
brokerage accounts, but may be redeemed from the funds only in large amounts of
50,000 shares or more.
WisdomTree Trust International Equity Funds 109
[LOGO] WISDOMTREE(SM)
48 Wall Street, Suite 1100
New York, NY 10005
1.866.900.WISE (9473)
wisdomtree.com
WisdomTree International Equity ETFs
WisdomTree DIEFA Fund
WisdomTree DIEFA 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 Fund
WisdomTree International MidCap Dividend Fund
WisdomTree International SmallCap Dividend Fund
This report when not used for the general information of shareholders of the
Fund, is to be distributed only if preceded or accompanied by a current Fund
Prospectus.
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WST-0906
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, 2006
By: /s/ Marc J. Ruskin
-----------------------------
Name: Marc J. Ruskin
Title: Treasurer
Date: November 29, 2006
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, 2006
By: /s/ Marc J. Ruskin
-----------------------------
Name: Marc J. Ruskin
Title: Treasurer
Date: November 29, 2006