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WisdomTree Trust
Domestic Dividend Funds
Annual Report
March 31, 2014
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree U.S. Dividend Growth Fund (DGRW)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
Table of Contents
Management’s Discussion of Funds’ Performance (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Performance Summaries (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Description of Indexes (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Shareholder Expense Examples (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Schedules of Investments
WisdomTree Total Dividend Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree Equity Income Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree LargeCap Dividend Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree Dividend ex-Financials Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree MidCap Dividend Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree SmallCap Dividend Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree U.S. Dividend Growth Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
WisdomTree U.S. SmallCap Dividend Growth Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Statements of Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Statements of Operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Statements of Changes in Net Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes to Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Report of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Trustees and Officers Information (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Supplemental Information (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
General Information (unaudited) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
“WisdomTree” is a registered mark of WisdomTree Investments, Inc. and is licensed for use by the WisdomTree Trust.
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Management’s Discussion of Funds’ Performance
(unaudited)
Market Environment Overview
The U.S. equity market, as measured by the S&P 500 Index, returned 21.86% for the
12-month period ended March 31, 2014 (the “period”). After bottoming in March of
2009, the S&P 500 Index recorded its fifth straight year of gains. Measured from
March 31, 2009 through March 31, 2014, the five year cumulative total return on the S&P
500 Index was 161.07%. This represents a substantial recovery in the equity markets as
earnings and dividend levels reached and surpassed previous levels. In fact, this was also
enough for the S&P 500 Index to reach new highs.
While the overall return for the period was positive, it was marked by several bouts of
volatility. Most of the volatility during the period was surrounding the Federal Reserve’s
(Fed) decision to begin tapering its quantitative easing program. Since the global
financial crisis, the Fed and central banks around the world have embraced policies to
provide ample liquidity to the markets with the goal of keeping interest rates low and
credit flowing. However, as the U.S. economy continued to improve, many began to
anticipate the possibility of the Fed ending its extraordinary accommodation. Starting in
May 2013, on just a hint of the Fed possibly dialing back its bond purchases, longer-term
interest rates in the U.S. rose considerably. At its December meeting, the Fed began
scaling back purchases of both mortgage-backed securities and U.S. Treasury bonds and
is on track to end its asset purchase program by the end of 2014 — assuming no drop-off
in economic performance.
WisdomTree Funds’ Performance Overview
The following table reflects the WisdomTree Funds’ performance versus their
capitalization-weighted benchmark indexes:
Ticker
DTD
DHS
DLN
WisdomTree Fund
WisdomTree Total Dividend Fund
WisdomTree Equity Income Fund
WisdomTree LargeCap Dividend
Fund
DTN WisdomTree Dividend ex-Financials
Fund
DON WisdomTree MidCap Dividend
Fund
DES WisdomTree SmallCap Dividend
Fund
DGRW WisdomTree U.S. Dividend Growth
Fund1
DGRS WisdomTree U.S. SmallCap
Dividend Growth Fund2
1
2
1-Year
NAV
Return
1-Year
Return
Difference
18.10% Russell 3000 Index
14.24% Russell 1000 Value Index
22.61%
21.57%
-4.51%
-7.33%
17.70% S&P 500 Index
16.75% Dow Jones U.S. Select Dividend
Index
21.86%
-4.16%
19.79%
-3.04%
21.24% S&P MidCap 400 Index
21.24%
0.00%
22.99% Russell 2000 Index
14.19% NASDAQ U.S. Dividend Achievers
Select Index
24.90%
-1.91%
11.62%
2.57%
14.66% Russell 2000 Index
12.30%
2.36%
Performance Benchmark
Total returns shown are for the period May 22, 2013 (commencement of operations) to March 31, 2014.
Total returns shown are for the period July 25, 2013 (commencement of operations) to March 31, 2014.
The top-performing performance benchmark within the aforementioned chart was the
Russell 2000 Index, which is a measure of small cap stocks. Small cap stocks typically
perform well when market participants believe the economy is improving or performing
strongly and under circumstances when interest rates are rising such as that experienced
over the period. Of the performance benchmarks shown with one-year returns, the Dow
Jones U.S. Select Dividend Index was actually the lowest performer, indicating that
dividend focused equities slightly lagged over the period, pressurized by the rise in
interest rates in 2013.
WisdomTree’s dividend-weighted Funds are designed to track indexes based on the
dividend stream generated by the companies included in the underlying WisdomTree
Index. The dividend stream is defined as the sum of the dollar value of dividends
indicated to be paid by each company. There are two primary factors that drive
WisdomTree Domestic Dividend Funds 1
Management’s Discussion of Funds’ Performance
(unaudited) (concluded)
performance differentials of the WisdomTree Funds and Indexes versus their
performance benchmarks. The first is aggregate exposure to one or more sectors. The
second is stock selection within each sector. Both of these are determined as part of
WisdomTree’s rules-based index methodology. These exposures are not subjectively
determined. Rather, they are objectively determined at the Index rebalancing dates based
on the dividend stream.
All ten of the sectors represented within the S&P 500 Index experienced positive
performance over the period. The best-performing sector over the period was the Health
Care sector, with Industrials and Information Technology close behind. Each of these
sectors delivered a return greater than 25% over the period. The Health Care sector was
positively affected by the implementation of the Affordable Care Act and performance
from high growth areas like biotechnology and life sciences. Industrials and Information
Technology tend to be higher growth and more economically sensitive sectors, which
allowed them to benefit from a continual improvement in the economy and strong equity
markets. The worst performing sectors over the period were the Consumer Staples,
Utilities and Telecommunication Services sectors. These sectors tend to be more
defensive by nature and are apt to lag during periods of strong positive market
performance. Also, these sectors tend to be some of the highest yielding sectors of the
market and were negatively impacted by the rise in treasury yields over the second half of
last year. Over the period last year there was a rotation out of the more defensive dividend
paying equities into higher growth non-dividend paying cyclical stocks.
The performance of most WisdomTree Domestic Dividend Funds compared to the
applicable performance benchmark was unfavorable over the period. This ultimately
makes sense, in that WisdomTree’s dividend-focused approaches have tended to
historically tilt toward dividend-paying firms, and there have historically been larger
numbers of these firms within the defensively oriented sectors — like Consumer Staples,
Utilities, and Telecommunication Services.
The strongest relative one-year performance advantage measured versus the requisite
performance benchmarks came with respect to the WisdomTree MidCap Dividend Fund
(DON). This was the only WisdomTree Domestic Dividend Fund with a one-year NAV
return that didn’t underperform its performance benchmark. For DON, this was largely
due to stock selection within the Information Technology sector relative to the S&P
MidCap 400 Index over the period.
Fund returns are shown at NAV. Please see Performance Summaries on the subsequent
pages for more complete performance information. Please see page 11 for the list of
index descriptions.
Fund performance assumes reinvestment of dividends and capital gain distributions. An
index is a statistical measure of a specified financial market or sector. An index does not
actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and are not
available for direct investment. In comparison, the Funds’ performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or
taxes on transactions in Fund shares or that a shareholder would pay on Fund
distributions. Past performance is no guarantee of future results. For the most recent
month-end performance information visit www.wisdomtree.com.
2 WisdomTree Domestic Dividend Funds
Performance Summary (unaudited)
WisdomTree Total Dividend Fund (DTD)
Sector Breakdown† as of 3/31/14
Sector
Financials
Information Technology
Consumer Staples
Health Care
Industrials
Energy
Consumer Discretionary
Utilities
Telecommunication Services
Materials
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
18.0%
14.5%
13.0%
10.4%
10.2%
9.5%
8.5%
6.6%
4.9%
4.0%
0.2%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Exxon Mobil Corp.
Apple, Inc.
Microsoft Corp.
AT&T, Inc.
Johnson & Johnson
Chevron Corp.
General Electric Co.
Wells Fargo & Co.
Pfizer, Inc.
Procter & Gamble Co. (The)
% of Net Assets
2.8%
2.8%
2.8%
2.5%
2.1%
2.0%
1.9%
1.8%
1.7%
1.7%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree Total Dividend Fund (the “Fund”) seeks to track the price and yield
performance, before fees and expenses, of the WisdomTree Dividend Index.
The Fund returned 18.10% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Financials
sector. The Fund’s position in the Telecommunication Services sector created the
greatest drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception1
1
Fund
Market Price
18.10%
15.07%
21.95%
7.10%
WisdomTree
Dividend Index
18.06%
15.01%
21.86%
7.07%
18.35%
15.44%
22.59%
7.56%
Russell 3000®
Index
22.61%
14.61%
21.93%
7.91%
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$20,000
$18,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$17,064 WisdomTree Total Dividend Fund (DTD)
$18,095
$17,064
$18,095 Russell 3000 Index
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Domestic Dividend Funds 3
Performance Summary (unaudited)
WisdomTree Equity Income Fund (DHS)
Sector Breakdown† as of 3/31/14
Sector
Financials
Consumer Staples
Health Care
Utilities
Information Technology
Telecommunication Services
Energy
Industrials
Materials
Consumer Discretionary
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
19.0%
14.4%
14.0%
11.2%
11.1%
8.7%
7.5%
7.3%
3.3%
3.0%
0.3%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Microsoft Corp.
AT&T, Inc.
Johnson & Johnson
Chevron Corp.
General Electric Co.
Wells Fargo & Co.
Pfizer, Inc.
Procter & Gamble Co. (The)
JPMorgan Chase & Co.
Verizon Communications, Inc.
% of Net Assets
5.0%
4.7%
3.8%
3.6%
3.5%
3.4%
3.2%
3.1%
2.9%
2.9%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree Equity Income Fund (the “Fund”) seeks to track the price and yield
performance, before fees and expenses, of the WisdomTree Equity Income Index.
The Fund returned 14.24% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Information
Technology sector. The Fund’s position in the Telecommunications Services sector
created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception1
1
WisdomTree
Equity
Income Index
Fund
Market Price
Russell 1000®
Value Index
14.24%
15.88%
24.28%
14.20%
15.87%
24.28%
14.49%
16.30%
24.83%
21.57%
14.80%
21.75%
5.63%
5.64%
5.95%
6.61%
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$18,000
$16,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$15,326 WisdomTree Equity Income Fund (DHS)
$16,465
$15,326
$16,465 Russell 1000 Value Index
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
4 WisdomTree Domestic Dividend Funds
Performance Summary (unaudited)
WisdomTree LargeCap Dividend Fund (DLN)
Sector Breakdown† as of 3/31/14
Sector
Information Technology
Consumer Staples
Financials
Health Care
Energy
Industrials
Consumer Discretionary
Utilities
Telecommunication Services
Materials
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
16.1%
14.6%
14.0%
11.9%
10.6%
10.1%
8.0%
5.7%
5.4%
3.4%
0.0%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Exxon Mobil Corp.
Apple, Inc.
Microsoft Corp.
AT&T, Inc.
Johnson & Johnson
Chevron Corp.
General Electric Co.
Wells Fargo & Co.
Pfizer, Inc.
Procter & Gamble Co. (The)
% of Net Assets
3.4%
3.3%
3.3%
3.0%
2.5%
2.3%
2.3%
2.2%
2.1%
2.0%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree LargeCap Dividend Fund (the “Fund”) seeks to track the price and
yield performance, before fees and expenses, of the WisdomTree LargeCap Dividend
Index.
The Fund returned 17.70% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Information
Technology sector. The Fund’s position in the Telecommunications Services sector
created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception1
1
Fund
Market Price
17.70%
15.05%
21.13%
6.83%
WisdomTree
LargeCap
Dividend Index
17.76%
15.07%
21.11%
6.80%
17.98%
15.37%
21.56%
7.19%
S&P 500® Index
21.86%
14.66%
21.16%
7.58%
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$18,000
$16,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$16,728 WisdomTree LargeCap Dividend Fund (DLN)
$17,677
$16,728
$17,677 S&P 500 Index
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Domestic Dividend Funds 5
Performance Summary (unaudited)
WisdomTree Dividend ex-Financials Fund (DTN)
Sector Breakdown† as of 3/31/14
Sector
Utilities
Consumer Staples
Energy
Information Technology
Health Care
Industrials
Consumer Discretionary
Materials
Telecommunication Services
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
17.4%
13.1%
12.3%
11.3%
10.2%
10.1%
9.7%
9.4%
6.2%
0.2%
0.1%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
CenturyLink, Inc.
FirstEnergy Corp.
Entergy Corp.
Exelon Corp.
PPL Corp.
Reynolds American, Inc.
AT&T, Inc.
Southern Co. (The)
Public Service Enterprise
Group, Inc.
Diamond Offshore Drilling, Inc.
% of Net Assets
2.4%
2.2%
1.9%
1.8%
1.8%
1.8%
1.8%
1.7%
1.7%
1.7%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree Dividend ex-Financials Fund (the “Fund”) seeks to track the price and
yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials
Index.
The Fund returned 16.75% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Information
Technology sector. The Fund’s position in the Telecommunications Services sector
created the greatest drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception2
1
2
Fund
Market Price
16.75%
15.96%
25.89%
8.34%
16.73%
15.92%
25.86%
8.32%
WisdomTree
Dividend Top 100/
Dividend ex-Financials
Spliced Index1
17.22%
16.38%
26.47%
8.73%
Dow Jones
U.S. Select
Dividend IndexSM
19.79%
16.44%
23.32%
6.66%
WisdomTree Dividend Top 100 Index through May 7, 2009; WisdomTree Dividend ex-Financials Index thereafter.
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$20,000
$18,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$18,658 WisdomTree Dividend ex−Financials Fund (DTN)
$18,658
$16,531 Dow Jones U.S. Select Dividend Index
$16,531
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
6 WisdomTree Domestic Dividend Funds
Performance Summary (unaudited)
WisdomTree MidCap Dividend Fund (DON)
Sector Breakdown† as of 3/31/14
Sector
Financials
Consumer Discretionary
Utilities
Industrials
Materials
Information Technology
Energy
Consumer Staples
Telecommunication Services
Health Care
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
24.8%
14.5%
14.0%
12.5%
9.3%
7.4%
5.9%
5.8%
3.0%
2.3%
0.2%
0.3%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Windstream Holdings, Inc.
Frontier Communications Corp.
Ameren Corp.
Diamond Offshore Drilling, Inc.
Wisconsin Energy Corp.
Dr. Pepper Snapple Group, Inc.
Maxim Integrated Products, Inc.
Microchip Technology, Inc.
SCANA Corp.
CMS Energy Corp.
% of Net Assets
1.6%
1.3%
1.2%
1.1%
1.0%
0.9%
0.9%
0.8%
0.8%
0.8%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree MidCap Dividend Fund (the “Fund”) seeks to track the price and yield
performance, before fees and expenses, of the WisdomTree MidCap Dividend Index.
The Fund returned 21.24% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Consumer
Discretionary sector. The Fund’s position in the Health Care sector created the greatest
drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception1
1
Fund
Market Price
WisdomTree
MidCap
Dividend Index
S&P MidCap
400® Index
21.24%
15.88%
27.18%
21.12%
15.87%
27.12%
21.50%
16.18%
27.73%
21.24%
13.37%
24.86%
9.00%
9.06%
8.95%
9.91%
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$22,000
$20,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$19,563 WisdomTree MidCap Dividend Fund (DON)
$20,880
$19,563
$20,880 S&P MidCap 400 Index
$18,000
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Domestic Dividend Funds 7
Performance Summary (unaudited)
WisdomTree SmallCap Dividend Fund (DES)
Sector Breakdown† as of 3/31/14
Sector
Financials
Industrials
Utilities
Consumer Discretionary
Information Technology
Materials
Consumer Staples
Health Care
Energy
Telecommunication Services
Investment Companies
Other Assets less Liabilities††
Total
% of Net Assets
25.4%
17.6%
13.0%
11.3%
10.0%
7.4%
5.9%
4.4%
2.8%
1.7%
0.3%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Vector Group Ltd.
Lexmark International, Inc.
Class A
Compuware Corp.
UIL Holdings Corp.
Portland General Electric Co.
Diebold, Inc.
WGL Holdings, Inc.
Covanta Holding Corp.
PDL BioPharma, Inc.
ALLETE, Inc.
% of Net Assets
1.8%
1.0%
1.0%
0.9%
0.9%
0.8%
0.8%
0.8%
0.8%
0.8%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree SmallCap Dividend Fund (the “Fund”) seeks to track the price and
yield performance, before fees and expenses, of the WisdomTree SmallCap Dividend
Index.
The Fund returned 22.99% at net asset value (“NAV”) for the fiscal year ending
March 31, 2014 (for more complete performance information please see the chart
below). The Fund’s performance benefited most from its position in the Industrials
sector. The Fund’s position in the Energy sector created the greatest drag on
performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of a Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or taxes
on transactions in Fund shares or that a shareholder would pay on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/14
Average Annual Total Return
Fund
Net Asset Value
One Year
Three Year
Five Year
Since Inception1
1
WisdomTree
SmallCap
Dividend Index
Fund
Market Price
22.99%
15.87%
27.67%
8.02%
22.78%
15.87%
27.51%
8.01%
22.51%
15.91%
27.95%
8.06%
Russell 2000®
Index
24.90%
13.18%
24.31%
8.46%
Total returns are calculated based on the commencement of Fund trading on the NYSE Arca, Inc. on June 16, 2006.
$20,000
$18,000
Growth of $10,000 Investment (Since Inception 6/16/2006)
$18,239 WisdomTree SmallCap Dividend Fund (DES)
$18,834
$18,239
$18,834 Russell 2000 Index
$16,000
$14,000
$12,000
$10,000
$8,000
$6,000
03
/3
1/
14
03
/3
1/
13
03
/3
1/
12
03
/3
1/
11
03
/3
1/
10
03
/3
1/
09
03
/3
1/
08
03
/3
1/
07
06
/1
6/
06
$4,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
8 WisdomTree Domestic Dividend Funds
Performance Summary (unaudited)
WisdomTree U.S. Dividend Growth Fund (DGRW)
Sector Breakdown† as of 3/31/14
Sector
Information Technology
Consumer Staples
Consumer Discretionary
Industrials
Health Care
Energy
Materials
Financials
Utilities
Other Assets less Liabilities††
Total
% of Net Assets
20.7%
19.5%
16.6%
16.4%
8.7%
8.6%
4.8%
4.4%
0.1%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
Exxon Mobil Corp.
Microsoft Corp.
Procter & Gamble Co. (The)
Apple, Inc.
Wal-Mart Stores, Inc.
Coca-Cola Co. (The)
McDonald’s Corp.
Intel Corp.
Altria Group, Inc.
International Business
Machines Corp.
% of Net Assets
5.7%
4.1%
3.6%
3.5%
3.3%
2.6%
2.4%
2.1%
2.1%
The WisdomTree U.S. Dividend Growth Fund (the “Fund”) seeks to track the price and
yield performance, before fees and expenses, of the WisdomTree U.S. Dividend Growth
Index.
The Fund returned 14.19% at net asset value (“NAV”) since its inception on May 22, 2013
through March 31, 2014 (for more complete performance information please see the
chart below). The Fund’s performance benefited most from its position in the Industrials
sector. The Fund’s position in the Utilities sector created the greatest drag on
performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or
taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.28%.
Performance as of 3/31/14
Cumulative Total Return
Fund
Net Asset Value
2.1%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
Since Inception1
1
Fund
Market Price
14.19%
14.18%
WisdomTree
U.S. Dividend
Growth Index
14.46%
NASDAQ
U.S. Dividend
Achievers™
Select Index
11.62%
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on May 22, 2013.
$16,000
Growth of $10,000 Investment (Since Inception 5/22/2013)
$11,419 WisdomTree U.S. Dividend Growth Fund (DGRW)
$11,162 NASDAQ U.S. Dividend Achievers Select Index
$14,000
$12,000
$11,419
$11,162
$10,000
$8,000
03
/3
1/
14
02
/2
8/
14
01
/3
1/
14
12
/3
1/
13
11
/3
0/
13
10
/3
1/
13
09
/3
0/
13
08
/3
1/
13
07
/3
1/
13
06
/3
0/
13
05
/2
2/
13
05
/3
1/
13
$6,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
WisdomTree Domestic Dividend Funds 9
Performance Summary (unaudited)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
Sector Breakdown† as of 3/31/14
Sector
Industrials
Financials
Consumer Discretionary
Materials
Information Technology
Health Care
Consumer Staples
Energy
Telecommunication Services
Other Assets less Liabilities††
Total
% of Net Assets
27.7%
17.9%
17.4%
12.5%
12.1%
5.2%
3.6%
2.8%
0.6%
0.2%
100.0%
† The Fund’s sector breakdown is expressed as a
percentage of total investments and may
change over time. In addition, a sector may be
comprised of several industries.
†† Other assets include investment of cash
collateral for securities on loan (if any).
Top Ten Holdings* as of 3/31/14
Description
National Health Investors, Inc.
Olin Corp.
GATX Corp.
j2 Global, Inc.
Janus Capital Group, Inc.
Deluxe Corp.
AVX Corp.
MSA Safety, Inc.
Healthcare Services Group, Inc.
Geo Group, Inc. (The)
% of Net Assets
1.9%
1.7%
1.4%
1.4%
1.4%
1.3%
1.3%
1.3%
1.2%
1.2%
* The ten largest holdings are subject to change,
and there are no guarantees the Fund will remain
invested in any particular company.
The WisdomTree U.S. SmallCap Dividend Growth Fund (the “Fund”) seeks to track the
price and yield performance, before fees and expenses, of the WisdomTree U.S.
SmallCap Dividend Growth Index.
The Fund returned 14.66% at net asset value (“NAV”) since its inception on July 25, 2013
through March 31, 2014 (for more complete performance information please see the
chart below). The Fund’s performance benefited most from its position in the Industrials
sector. The Fund’s position in the Telecommunication Services sector created the
greatest drag on performance.
The following performance chart is provided for comparative purposes and represents
the period noted. The Fund’s per share NAV is the value of one share of the Fund and is
calculated by dividing the value of total assets less total liabilities by the number of shares
outstanding. The NAV return is based on the NAV of the Fund and the market price
return is based on the market price per share of the Fund. The price used to calculate
market price returns is the mid-point of the highest bid and lowest offer for Fund shares
as of the close of trading on the exchange where Fund shares are listed. NAV and market
price returns assume that dividends and capital gain distributions have been reinvested in
the Fund at NAV and market price, respectively. As with other ETFs, NAV returns and
market price returns may differ because of factors such as the supply and demand for
Fund shares and investors’ assessments of the underlying value of the Fund’s portfolio
securities.
An index is a statistical measure of a specified financial market or sector. An index does
not actually hold a portfolio of securities, incur expenses or pay any transaction costs.
Therefore, index returns do not reflect deductions for fees or expenses and the index is
not available for direct investment. In comparison, the Fund’s performance is negatively
impacted by these deductions. Fund returns do not reflect brokerage commissions or
taxes a shareholder would pay on the sale of Fund shares or on Fund distributions. As of
the Fund’s current prospectus dated August 1, 2013, the Fund’s annual expense ratio was 0.38%.
Performance as of 3/31/14
Cumulative Total Return
Fund
Net Asset Value
Since Inception1
1
Fund
Market Price
14.66%
14.44%
WisdomTree
U.S. SmallCap
Dividend
Growth Index
Russell 2000® Index
14.92%
12.30%
Total returns are calculated based on the commencement of Fund trading on the NASDAQ on July 25, 2013.
$16,000
Growth of $10,000 Investment (Since Inception 7/25/2013)
$11,466 WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
$11,230 Russell 2000 Index
$14,000
$12,000
$11,466
$11,230
$10,000
$8,000
03
/3
1/
14
02
/2
8/
14
01
/3
1/
14
12
/3
1/
13
11
/3
0/
13
10
/3
1/
13
09
/3
0/
13
08
/3
1/
13
07
/2
5/
13
07
/3
1/
13
$6,000
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and the principal value of
an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Performance data for the most recent monthend is available at www.wisdomtree.com. WisdomTree shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Fund NAV
returns are calculated using the Fund’s daily 4:00 p.m. NAV. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange
where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times. The returns do not reflect the
deduction of taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Total returns for a period of less than one year are cumulative.
10 WisdomTree Domestic Dividend Funds
Description of Indexes (unaudited)
Below are descriptions of each Index referenced in this Report:
The Dow Jones U.S. Select Dividend IndexSM is comprised of 100 U.S. dividend-paying
companies.
The NASDAQ U.S. Dividend Achievers™ Select Index is a capitalization-weighted
index that measures the performance of U.S. common stocks that have a history of
increasing dividends for at least ten consecutive years.
The Russell 1000® Value Index is a capitalization-weighted index that is comprised of the
large-capitalization value segment of the U.S. equity universe, selecting from the Russell
1000 Index.
The Russell 2000® Index is a capitalization-weighted index that is comprised of the
smallest 2,000 securities in the Russell 3000 Index, based on total market capitalization.
The Russell 3000® Index is a capitalization-weighted index that is comprised of the 3,000
largest U.S. companies, based on total market capitalization.
The S&P 500® Index is a capitalization-weighted index of 500 stocks selected by
Standard & Poor’s Index Committee, designed to represent the performance of the
leading industries in the United States economy.
The S&P MidCap 400® Index is a capitalization-weighted index that is comprised of the
mid-capitalization range of the U.S. stock market, with stocks selected by the Standard &
Poor’s Index Committee.
The WisdomTree Dividend ex-Financials Index is comprised of high dividend-yielding
stocks outside the financial sector.
The WisdomTree Dividend Index defines the dividend-paying portion of the U.S. stock
market.
The WisdomTree Dividend Top 100 Index is comprised of the 100 highest dividendyielding companies in the WisdomTree LargeCap Dividend Index.
The WisdomTree Equity Income Index is comprised of companies with high dividend
yields, selected from the WisdomTree Dividend Index.
The WisdomTree LargeCap Dividend Index is comprised of the large-capitalization
segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend
Index.
The WisdomTree MidCap Dividend Index is comprised of the mid-capitalization segment
of the U.S. dividend-paying market, selected from the WisdomTree Dividend Index.
The WisdomTree SmallCap Dividend Index is comprised of the small-capitalization
segment of the U.S. dividend-paying market, selected from the WisdomTree Dividend
Index.
The WisdomTree U.S. Dividend Growth Index is comprised of dividend-paying stocks
with growth characteristics.
The WisdomTree U.S. SmallCap Dividend Growth Index is comprised of the
small-capitalization segment of dividend-paying stocks with growth characteristics.
Index performance information assumes the reinvestment of net dividends and excludes
management fees, transaction costs and expenses. You cannot directly invest in an index.
The Dow Jones U.S. Select Dividend Index is calculated, distributed and marketed by Dow Jones
Indexes, a licensed trademark of CME Group Index Services LLC, and has been licensed for use.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property
and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s (“S&P”), a division of The
McGraw-Hill Companies, Inc., and is licensed for use by WisdomTree Investments, Inc. Neither
MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS
classifications makes any express or implied warranties or representations with respect to such
standard or classification (or the results to be obtained by the use thereof), and all such parties hereby
WisdomTree Domestic Dividend Funds 11
Description of Indexes (unaudited) (concluded)
expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for
a particular purpose with respect to any such standard or classification. Without limiting any of the
foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making
or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special,
punitive, consequential or any other damages (including lost profits) even if notified of the possibility
of such damages.
Neither MSCI nor any other party involved in or related to compiling, computing or creating the
MSCI data makes any express or implied warranties or representations with respect to such data (or
the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all
warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose
with respect to any such data. Without limiting any of the foregoing, in no event shall MSCI, any of
its affiliates or any third party involved in or related to compiling, computing or creating the data
have any liability for any direct, indirect, special, punitive, consequential or any other damages
(including lost profits) even if notified of the possibility of such damages. No further distribution or
dissemination of the MSCI data is permitted without MSCI’s express written consent.
12 WisdomTree Domestic Dividend Funds
Shareholder Expense Examples (unaudited)
As a shareholder of a WisdomTree Fund, you incur two types of costs: (1) transaction
costs, including brokerage commissions on purchases and sales of your Fund shares and
(2) ongoing costs, including management fees and other Fund expenses. The following
example is intended to help you understand your ongoing costs (in dollars and cents) of
investing in a Fund and to compare these costs with the ongoing costs of investing in
other funds.
The example is based on an investment of $1,000 invested at the beginning of the period
and held for the entire period from October 1, 2013 to March 31, 2014.
Actual expenses
The first line under each Fund in the table on the next page provides information about
actual account values and actual expenses. You may use the information in this line,
together with the amount you invested, to estimate the expenses that you paid over the
period. Simply divide your account value by $1,000 (for example, an $8,600 account value
divided by $1,000 = 8.6), then multiply the result by the number in the first line for your
Fund under the heading entitled “Expenses Paid During the Period 10/01/13 to
3/31/14” to estimate the expenses you paid on your account during this period.
Hypothetical example for comparison purposes
The second line under each Fund in the table on the next page provides information
about hypothetical account values and hypothetical expenses based on each Fund’s actual
expense ratio and an assumed rate of return of 5% per year before expenses, which is not
the Fund’s actual return. The hypothetical account values and expenses may not be used
to estimate the actual ending account balance or expenses you paid for the period. You
may use this information to compare the ongoing costs of investing in your Fund and
other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical
examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing
costs only and do not reflect any transactional costs, such as brokerage commissions paid
on purchases and sales of Fund shares. Therefore, the second line under each Fund in
the table is useful in comparing ongoing Fund costs only and will not help you determine
the relative total costs of owning different funds. In addition, if these transactional costs
were included, your costs would have been higher.
WisdomTree Domestic Dividend Funds 13
Shareholder Expense Examples (unaudited) (concluded)
Annualized
Expense Ratio
Based on the
Period
10/01/13 to
3/31/14
Expenses Paid
During the
Period†
10/01/13 to
3/31/14
Beginning
Account Value
10/01/13
Ending
Account Value
3/31/14
WisdomTree Total Dividend Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,118.50
$1,023.54
0.28%
0.28%
$1.48
$1.41
WisdomTree Equity Income Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,107.50
$1,023.04
0.38%
0.38%
$2.00
$1.92
WisdomTree LargeCap Dividend Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,118.40
$1,023.54
0.28%
0.28%
$1.48
$1.41
WisdomTree Dividend ex-Financials Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,121.60
$1,023.04
0.38%
0.38%
$2.01
$1.92
WisdomTree MidCap Dividend Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,123.40
$1,023.04
0.38%
0.38%
$2.01
$1.92
WisdomTree SmallCap Dividend Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,106.30
$1,023.04
0.38%
0.38%
$2.00
$1.92
WisdomTree U.S. Dividend Growth Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,115.70
$1,023.54
0.28%
0.28%
$1.48
$1.41
WisdomTree U.S. SmallCap Dividend Growth Fund
Actual
Hypothetical (5% return before expenses)
$1,000.00
$1,000.00
$1,099.50
$1,023.04
0.38%
0.38%
$1.99
$1.92
† Expenses are calculated using each Fund’s annualized expense ratio, multiplied by the average account value for the
period, multiplied by 182/365 (to reflect the one-half year period).
14 WisdomTree Domestic Dividend Funds
Schedule of Investments
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.6%
Aerospace & Defense – 2.6%
Alliant Techsystems, Inc.
American Science & Engineering, Inc.
Boeing Co. (The)
Curtiss-Wright Corp.
Exelis, Inc.
General Dynamics Corp.
Honeywell International, Inc.
Huntington Ingalls Industries, Inc.
L-3 Communications Holdings, Inc.
Lockheed Martin Corp.
Northrop Grumman Corp.
Raytheon Co.
Rockwell Collins, Inc.
Textron, Inc.
United Technologies Corp.
Shares
399
1
11,971
3
5,211
9,352
17,815
601
1,894
13,096
5,441
8,725
2,452
1,012
21,811
Total Aerospace & Defense
Air Freight & Logistics – 0.6%
C.H. Robinson Worldwide, Inc.
Expeditors International of Washington, Inc.
FedEx Corp.
United Parcel Service, Inc. Class B
3,949
3,105
1,592
19,054
847
8,402
6,469
3,301
2,214
1,545
2,008
2,950
2,505
11,403
841
79,034
291,129
152,733
98,832
136,095
37,543
46,726
93,014
65,456
539,590
70,408
1,087,664
109,163
2,955
1,349
Total Automobiles
Banks – 6.0%
1st Source Corp.
Arrow Financial Corp.
Associated Banc-Corp.
BancFirst Corp.
BancorpSouth, Inc.
Bank of America Corp.
Bank of Hawaii Corp.
206,888
123,051
211,036
1,855,479
522,896
Total Auto Components
Automobiles – 0.5%
Ford Motor Co.
Harley-Davidson, Inc.
Thor Industries, Inc.
56,718
67
1,502,241
191
99,061
1,018,620
1,652,519
61,458
223,776
2,137,791
671,310
861,943
195,351
39,761
2,548,397
2,396,454
Total Airlines
Auto Components – 0.3%
Allison Transmission Holdings, Inc.
BorgWarner, Inc.
Cooper Tire & Rubber Co.
Dana Holding Corp.
Gentex Corp.
Goodyear Tire & Rubber Co. (The)
Johnson Controls, Inc.
Lear Corp.
$
11,069,204
Total Air Freight & Logistics
Airlines – 0.1%
Alaska Air Group, Inc.
Delta Air Lines, Inc.
Southwest Airlines Co.
Value
1,702,943
196,833
82,370
1,982,146
1,598
1,365
4,149
1,092
9
30,715
1,518
51,280
36,091
74,931
61,840
225
528,298
92,006
Investments
Shares
Bank of the Ozarks, Inc.
BankUnited, Inc.
BB&T Corp.
BOK Financial Corp.
Cathay General Bancorp
Chemical Financial Corp.
CIT Group, Inc.
Citigroup, Inc.
City Holding Co.
City National Corp.
Comerica, Inc.
Commerce Bancshares, Inc.
Community Bank System, Inc.
Community Trust Bancorp, Inc.
Cullen/Frost Bankers, Inc.
CVB Financial Corp.
East West Bancorp, Inc.
Fifth Third Bancorp
First Commonwealth Financial Corp.
First Financial Bancorp
First Financial Bankshares, Inc.
First Financial Corp.
First Horizon National Corp.
First Niagara Financial Group, Inc.
First Republic Bank
FirstMerit Corp.
Flushing Financial Corp.
FNB Corp.
Fulton Financial Corp.
Glacier Bancorp, Inc.
Hancock Holding Co.
Hudson Valley Holding Corp.
Huntington Bancshares, Inc.
Iberiabank Corp.
Independent Bank Corp.
International Bancshares Corp.
JPMorgan Chase & Co.
KeyCorp
M&T Bank Corp.
MB Financial, Inc.
National Penn Bancshares, Inc.
NBT Bancorp, Inc.
Old National Bancorp
PacWest Bancorp
Park National Corp.
Penns Woods Bancorp, Inc.
PNC Financial Services Group, Inc.
Prosperity Bancshares, Inc.
Regions Financial Corp.
Renasant Corp.
S&T Bancorp, Inc.
S.Y. Bancorp, Inc.
SunTrust Banks, Inc.
Susquehanna Bancshares, Inc.
735
3,404
18,917
1,914
9
1,616
1,700
2,805
995
995
2,935
1,952
1,844
1,222
1,664
3,399
2,649
22,983
6
4,308
1,093
1,491
4,326
12,443
1,561
5,434
1,822
7,710
5,049
2,275
2,712
1
19,520
957
1,647
1,484
109,928
16,233
3,296
1,740
7,204
3,025
3,685
1,748
1,248
989
13,530
1,083
18,733
1,610
1,939
1,348
6,579
5,754
Value
$
50,024
118,357
759,896
132,162
227
52,439
83,334
133,518
44,636
78,326
152,033
90,612
71,953
50,689
129,010
54,044
96,688
527,460
54
77,458
67,536
50,217
53,383
117,586
84,278
113,190
38,390
103,314
63,516
66,134
99,395
19
194,614
67,134
64,842
37,219
6,673,729
231,158
399,805
53,870
75,282
73,992
54,943
75,181
95,959
48,243
1,177,110
71,640
208,124
46,771
45,954
42,651
261,778
65,538
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 15
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Synovus Financial Corp.
TCF Financial Corp.
Tompkins Financial Corp.
Trustmark Corp.
U.S. Bancorp
UMB Financial Corp.
Umpqua Holdings Corp.
United Bankshares, Inc.
Univest Corp. of Pennsylvania
Valley National Bancorp
Washington Trust Bancorp, Inc.
Webster Financial Corp.
Wells Fargo & Co.
WesBanco, Inc.
Westamerica Bancorp.
Zions Bancorp.
Shares
17,796
2,783
1,292
2,465
45,898
1,066
4,388
2,688
2,661
14,413
3
2,145
154,915
2,111
867
1,202
Total Banks
Beverages – 2.5%
Beam, Inc.
Brown-Forman Corp. Class A
Brown-Forman Corp. Class B
Coca-Cola Co. (The)
Coca-Cola Enterprises, Inc.
Dr. Pepper Snapple Group, Inc.
Molson Coors Brewing Co. Class B
PepsiCo, Inc.
2,323
1,628
1,684
136,221
5,435
6,986
4,197
47,227
13,835
14,218
Shares
GFI Group, Inc.
Goldman Sachs Group, Inc. (The)
Greenhill & Co., Inc.
Janus Capital Group, Inc.
Legg Mason, Inc.
LPL Financial Holdings, Inc.
Morgan Stanley
Northern Trust Corp.
Raymond James Financial, Inc.
SEI Investments Co.
State Street Corp.
T. Rowe Price Group, Inc.
TD Ameritrade Holding Corp.
Waddell & Reed Financial, Inc. Class A
12,723
6,290
1,299
5,396
1,750
1,835
13,947
5,309
1,771
2,328
7,172
5,207
9,969
1,761
193,506
144,778
151,038
5,266,304
259,576
380,458
247,035
3,943,454
1,706,409
118,151
1,824,560
774
1,679
847
5,634
1,422
Total Building Products
Capital Markets – 1.8%
Ameriprise Financial, Inc.
Arlington Asset Investment Corp. Class A
Artisan Partners Asset Management, Inc. Class A
Bank of New York Mellon Corp. (The)
BGC Partners, Inc. Class A
BlackRock, Inc.
Charles Schwab Corp. (The)
Cohen & Steers, Inc.
Eaton Vance Corp.
Evercore Partners, Inc. Class A
Federated Investors, Inc. Class B
Franklin Resources, Inc.
FXCM, Inc. Class A
Investments
60,328
46,365
63,256
62,488
1,967,188
68,970
81,792
82,307
54,604
150,039
112
66,624
7,705,472
67,193
46,887
37,238
10,586,149
Total Biotechnology
Building Products – 0.1%
A.O. Smith Corp.
Fortune Brands Home & Security, Inc.
Lennox International, Inc.
Masco Corp.
Simpson Manufacturing Co., Inc.
Value
25,030,949
Total Beverages
Biotechnology – 0.4%
Amgen, Inc.
PDL BioPharma, Inc.
$
35,620
70,652
77,001
125,131
50,239
358,643
4,058
3,814
912
22,440
19,588
4,028
13,669
1,483
2,776
1,079
4,306
5,091
1
446,664
100,995
58,596
791,908
128,105
1,266,725
373,574
59,098
105,932
59,615
131,505
275,830
15
Total Capital Markets
Chemicals – 2.5%
A. Schulman, Inc.
Air Products & Chemicals, Inc.
Airgas, Inc.
Albemarle Corp.
Ashland, Inc.
Axiall Corp.
Cabot Corp.
Celanese Corp. Series A
CF Industries Holdings, Inc.
Cytec Industries, Inc.
Dow Chemical Co. (The)
E.I. du Pont de Nemours & Co.
Eastman Chemical Co.
Ecolab, Inc.
FMC Corp.
FutureFuel Corp.
H.B. Fuller Co.
Huntsman Corp.
Innophos Holdings, Inc.
International Flavors & Fragrances, Inc.
Koppers Holdings, Inc.
Kronos Worldwide, Inc.
Monsanto Co.
Mosaic Co. (The)
NewMarket Corp.
Olin Corp.
PolyOne Corp.
PPG Industries, Inc.
Praxair, Inc.
Rockwood Holdings, Inc.
RPM International, Inc.
Scotts Miracle-Gro Co. (The) Class A
Sensient Technologies Corp.
Sherwin-Williams Co. (The)
Sigma-Aldrich Corp.
Valhi, Inc.
Valspar Corp.
See Notes to Financial Statements.
16 WisdomTree Domestic Dividend Funds
Value
$
45,167
1,030,617
67,522
58,654
85,820
96,411
434,728
348,058
99,052
78,244
498,813
428,796
338,448
129,645
7,538,537
1,546
6,100
1,345
1,341
1,260
1,131
1,478
2,278
1,099
7
39,443
29,643
2,848
3,112
1,067
4
6
5,812
1,261
1,755
866
5,470
8,833
7,312
211
2,824
1,128
2,126
6,037
2,131
3,627
2,051
1,186
1,257
1,330
5,526
1,256
56,058
726,144
143,256
89,069
125,345
50,805
87,291
126,452
286,443
683
1,916,535
1,989,045
245,526
336,065
81,690
81
290
141,929
71,499
167,901
35,705
91,240
1,004,930
365,600
82,455
77,971
41,352
411,296
790,666
158,546
151,754
125,685
66,902
247,792
124,195
48,739
90,583
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Westlake Chemical Corp.
Shares
1,368
Total Chemicals
Commercial Services & Supplies – 0.8%
ABM Industries, Inc.
ADT Corp. (The)
Cintas Corp.
Courier Corp.
Covanta Holding Corp.
Deluxe Corp.
Ennis, Inc.
Healthcare Services Group, Inc.
Herman Miller, Inc.
HNI Corp.
Intersections, Inc.
Iron Mountain, Inc.
KAR Auction Services, Inc.
Knoll, Inc.
McGrath Rentcorp
Mobile Mini, Inc.
MSA Safety, Inc.
NL Industries, Inc.
Pitney Bowes, Inc.
Quad Graphics, Inc.
R.R. Donnelley & Sons Co.
Republic Services, Inc.
Rollins, Inc.
Steelcase, Inc. Class A
U.S. Ecology, Inc.
United Stationers, Inc.
Waste Connections, Inc.
Waste Management, Inc.
West Corp.
Value
$
90,534
10,648,052
1,706
2,967
1,966
8
5,155
1,403
5
2,457
1,341
1,582
5,395
7,739
5,409
3,022
1,351
1,320
1,081
5,601
7,788
2,300
11,483
12,541
2,042
2,740
5
4
1,539
17,198
3,208
Total Commercial Services & Supplies
49,030
88,862
117,193
123
93,048
73,615
83
71,400
43,086
57,838
31,831
213,364
164,163
54,970
47,231
57,235
61,617
60,715
202,410
53,935
205,546
428,400
61,750
45,512
186
164
67,500
723,520
76,767
3,151,094
Investments
Shares
Consumer Finance – 0.6%
American Express Co.
Capital One Financial Corp.
Discover Financial Services
Nelnet, Inc. Class A
SLM Corp.
12,751
10,338
7,756
4
11,057
Total Consumer Finance
191,388
2
2,953
613
5,432
8
35,798
Total Communications Equipment
Construction & Engineering – 0.1%
Fluor Corp.
KBR, Inc.
URS Corp.
7,698,015
1,097
2,611
1,583
3,073
518
1,754
5,115
2,798
1,186
3,690
962
3,328
Total Containers & Packaging
Total Construction Materials
122,425
49,731
70,684
Distributors – 0.1%
Genuine Parts Co.
Pool Corp.
4,368
1,021
Total Distributors
7
811
8
72,512
132,299
86,764
120,585
27,190
101,837
192,529
196,895
125,206
121,290
47,638
136,515
379,361
62,608
441,969
Diversified Consumer Services – 0.1%
DeVry Education Group, Inc.
Graham Holdings Co. Class B
H&R Block, Inc.
Hillenbrand, Inc.
Service Corp. International
Sotheby’s
Diversified Financial Services – 0.4%
CBOE Holdings, Inc.
CME Group, Inc.
Interactive Brokers Group, Inc. Class A
Leucadia National Corp.
MarketAxess Holdings, Inc.
McGraw Hill Financial, Inc.
Moody’s Corp.
NASDAQ OMX Group, Inc. (The)
621
104,092
532
Diversified Telecommunication Services – 4.8%
AT&T, Inc.
Atlantic Tele-Network, Inc.
CenturyLink, Inc.
Consolidated Communications Holdings, Inc.
Frontier Communications Corp.
Verizon Communications, Inc.
Windstream Holdings, Inc.
105,245
Total Diversified Telecommunication Services
242,840
1,147,973
797,680
451,322
164
270,675
1,361,260
932
138
8,559
2,846
3,920
828
39,508
97,118
258,396
92,011
77,930
36,059
601,022
1,463
7,918
8
3,910
1
4,645
3,213
2,505
Total Diversified Financial Services
1,575
1,864
1,502
Total Construction & Engineering
Construction Materials – 0.0%
Eagle Materials, Inc.
Martin Marietta Materials, Inc.
Vulcan Materials Co.
4,289,005
64
216,041
20,296
349,223
356
2,823,030
$
2,667,814
Containers & Packaging – 0.3%
Aptargroup, Inc.
Avery Dennison Corp.
Ball Corp.
Bemis Co., Inc.
Greif, Inc. Class A
Greif, Inc. Class B
MeadWestvaco Corp.
Packaging Corp. of America
Rock-Tenn Co. Class A
Sealed Air Corp.
Silgan Holdings, Inc.
Sonoco Products Co.
Total Diversified Consumer Services
Communications Equipment – 1.8%
Cisco Systems, Inc.
Comtech Telecommunications Corp.
Harris Corp.
InterDigital, Inc.
Motorola Solutions, Inc.
Plantronics, Inc.
QUALCOMM, Inc.
Value
82,806
586,011
173
109,480
59
354,414
254,855
92,535
1,480,333
304,841
1
43,691
5,311
92,085
138,116
80,272
10,690,774
66
1,434,812
106,273
524,885
6,570,178
661,441
19,988,429
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 17
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Electric Utilities – 3.8%
ALLETE, Inc.
American Electric Power Co., Inc.
Cleco Corp.
Duke Energy Corp.
Edison International
El Paso Electric Co.
Empire District Electric Co. (The)
Entergy Corp.
Exelon Corp.
FirstEnergy Corp.
Great Plains Energy, Inc.
Hawaiian Electric Industries, Inc.
IDACORP, Inc.
ITC Holdings Corp.
MGE Energy, Inc.
NextEra Energy, Inc.
Northeast Utilities
OGE Energy Corp.
Otter Tail Corp.
Pepco Holdings, Inc.
Pinnacle West Capital Corp.
PNM Resources, Inc.
Portland General Electric Co.
PPL Corp.
Southern Co. (The)
UIL Holdings Corp.
Unitil Corp.
UNS Energy Corp.
Westar Energy, Inc.
Xcel Energy, Inc.
Shares
2,361
22,666
2,372
34,793
10,192
2,354
3,897
10,534
41,602
30,939
6,725
5,718
2,016
3,300
2,065
15,008
11,697
5,866
2,559
14,845
5,073
3,576
3,774
34,513
47,534
2,925
2,016
1,614
5,871
21,000
Total Electric Utilities
Electrical Equipment – 0.5%
Acuity Brands, Inc.
AMETEK, Inc.
Babcock & Wilcox Co. (The)
Brady Corp. Class A
Emerson Electric Co.
EnerSys
General Cable Corp.
Hubbell, Inc. Class B
Regal-Beloit Corp.
Rockwell Automation, Inc.
Roper Industries, Inc.
Value
$
123,764
1,148,260
119,976
2,477,957
576,969
84,108
94,775
704,198
1,396,163
1,052,854
181,844
145,352
111,828
123,255
81,010
1,435,065
532,214
215,634
78,792
304,026
277,290
96,659
122,051
1,143,761
2,088,644
107,669
66,205
96,888
206,424
637,560
15,831,195
402
1,457
1,756
1,491
20,117
376
1,797
1,117
787
3,140
528
Total Electrical Equipment
Electronic Equipment, Instruments & Components – 0.4%
Amphenol Corp. Class A
1,651
Avnet, Inc.
2,192
AVX Corp.
5,508
CDW Corp.
1,606
Cognex Corp.*
6
Corning, Inc.
37,097
Electro Rent Corp.
2,758
53,293
75,021
58,299
40,481
1,343,816
26,053
46,021
133,895
57,223
391,087
70,493
2,295,682
151,314
101,994
72,595
44,069
203
772,360
48,513
Investments
FEI Co.
FLIR Systems, Inc.
Jabil Circuit, Inc.
Littelfuse, Inc.
MTS Systems Corp.
National Instruments Corp.
248
2,129
4,963
524
880
2,560
Total Electronic Equipment, Instruments & Components
Energy Equipment & Services – 0.6%
Baker Hughes, Inc.
Bristow Group, Inc.
CARBO Ceramics, Inc.
Diamond Offshore Drilling, Inc.
Gulfmark Offshore, Inc. Class A
Halliburton Co.
Helmerich & Payne, Inc.
National Oilwell Varco, Inc.
Oceaneering International, Inc.
Patterson-UTI Energy, Inc.
RPC, Inc.
Tidewater, Inc.
5,505
625
341
9,382
909
11,307
2,804
6,264
1,369
1,581
5,377
1,112
Total Energy Equipment & Services
Food & Staples Retailing – 2.8%
Casey’s General Stores, Inc.
Costco Wholesale Corp.
CVS Caremark Corp.
Kroger Co. (The)
Safeway, Inc.
Sysco Corp.
Walgreen Co.
Wal-Mart Stores, Inc.
Weis Markets, Inc.
Whole Foods Market, Inc.
Food Products – 1.9%
Archer-Daniels-Midland Co.
B&G Foods, Inc.
Campbell Soup Co.
ConAgra Foods, Inc.
Dean Foods Co.
Flowers Foods, Inc.
General Mills, Inc.
Hershey Co. (The)
Hillshire Brands Co.
Hormel Foods Corp.
Ingredion, Inc.
J.M. Smucker Co. (The)
Kellogg Co.
Kraft Foods Group, Inc.
Lancaster Colony Corp.
McCormick & Co., Inc.
Mead Johnson Nutrition Co.
Mondelez International, Inc. Class A
Pinnacle Foods, Inc.
Value
$
25,549
76,644
89,334
49,067
60,271
73,446
1,565,359
357,935
47,200
47,055
457,466
40,850
665,869
301,598
487,778
98,377
50,086
109,798
54,065
2,718,077
480
5,098
17,028
9,529
6,603
19,734
23,052
86,293
1,132
3,415
Total Food & Staples Retailing
See Notes to Financial Statements.
18 WisdomTree Domestic Dividend Funds
Shares
32,443
569,345
1,274,716
415,941
243,915
712,989
1,522,124
6,595,374
55,751
173,175
11,595,773
13,032
2,448
9,881
14,610
2,411
5,063
21,236
3,777
3,045
4,642
1,912
2,699
11,833
25,556
735
2,603
3,688
31,633
3,457
565,458
73,709
443,459
453,348
37,274
108,601
1,100,450
394,319
113,457
228,711
130,169
262,451
742,047
1,433,692
73,074
186,739
306,620
1,092,920
103,226
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Sanderson Farms, Inc.
Snyder’s-Lance, Inc.
Tyson Foods, Inc. Class A
Shares
3
2,357
1,979
Total Food Products
Gas Utilities – 0.4%
AGL Resources, Inc.
Atmos Energy Corp.
Chesapeake Utilities Corp.
Laclede Group, Inc. (The)
National Fuel Gas Co.
New Jersey Resources Corp.
Northwest Natural Gas Co.
Piedmont Natural Gas Co., Inc.
Questar Corp.
South Jersey Industries, Inc.
Southwest Gas Corp.
UGI Corp.
WGL Holdings, Inc.
4,696
3,076
966
1,663
1,955
1,677
1,887
2,827
6,130
1,325
1,259
3,407
2,613
229,916
144,972
61,013
78,410
136,928
83,515
83,047
100,047
145,771
74,319
67,293
155,393
104,677
1,465,301
39,378
17,132
3,815
519
1,391
858
1,079
21,318
2,315
3,272
5,332
985
5,943
656
824
1,609
Total Health Care Equipment & Supplies
Health Care Providers & Services – 1.0%
Aetna, Inc.
AmerisourceBergen Corp.
Cardinal Health, Inc.
HealthSouth Corp.
Humana, Inc.
Kindred Healthcare, Inc.
Landauer, Inc.
McKesson Corp.
National Healthcare Corp.
Omnicare, Inc.
Owens & Minor, Inc.
Patterson Cos., Inc.
Quest Diagnostics, Inc.
Select Medical Holdings Corp.
235
66,444
87,096
8,003,499
Total Gas Utilities
Health Care Equipment & Supplies – 1.5%
Abbott Laboratories
Baxter International, Inc.
Becton, Dickinson and Co.
C.R. Bard, Inc.
CONMED Corp.
DENTSPLY International, Inc.
Hill-Rom Holdings, Inc.
Medtronic, Inc.
Meridian Bioscience, Inc.
ResMed, Inc.
St. Jude Medical, Inc.
STERIS Corp.
Stryker Corp.
Teleflex, Inc.
West Pharmaceutical Services, Inc.
Zimmer Holdings, Inc.
Value
$
1,516,447
1,260,573
446,660
76,802
60,439
39,502
41,585
1,311,910
50,444
146,226
348,659
47,034
484,176
70,349
36,297
152,179
6,089,282
4,882
3,494
6,829
2,167
1,863
2,127
1,105
1,577
960
1,064
1,885
1,620
3,382
5,302
366,004
229,172
477,893
77,860
209,997
49,814
50,090
278,451
53,539
63,489
66,032
67,651
195,885
66,010
Investments
Shares
UnitedHealth Group, Inc.
WellPoint, Inc.
17,115
5,481
Total Health Care Providers & Services
Health Care Technology – 0.0%
Computer Programs & Systems, Inc.
Quality Systems, Inc.
1,403,259
545,634
4,200,780
1,047
2,710
Total Health Care Technology
67,636
45,745
113,381
Hotels, Restaurants & Leisure – 2.2%
Bob Evans Farms, Inc.
Brinker International, Inc.
Burger King Worldwide, Inc.
Cheesecake Factory, Inc. (The)
Choice Hotels International, Inc.
Cracker Barrel Old Country Store, Inc.
Darden Restaurants, Inc.
DineEquity, Inc.
Domino’s Pizza, Inc.
Dunkin’ Brands Group, Inc.
International Game Technology
Las Vegas Sands Corp.
Marriott International, Inc. Class A
McDonald’s Corp.
Seaworld Entertainment, Inc.
Six Flags Entertainment Corp.
Speedway Motorsports, Inc.
Starbucks Corp.
Starwood Hotels & Resorts Worldwide, Inc.
Texas Roadhouse, Inc.
Vail Resorts, Inc.
Wendy’s Co. (The)
Wyndham Worldwide Corp.
Wynn Resorts Ltd.
Yum! Brands, Inc.
1,104
1,755
4,670
984
1,094
715
5,685
762
715
1,870
6,940
16,286
4,521
37,120
2,713
5,405
2,733
11,230
3,511
1,992
640
11,078
2,268
2,340
9,881
Total Hotels, Restaurants & Leisure
Household Durables – 0.3%
D.R. Horton, Inc.
Harman International Industries, Inc.
Leggett & Platt, Inc.
Lennar Corp. Class A
M.D.C. Holdings, Inc.
NACCO Industries, Inc. Class A
Newell Rubbermaid, Inc.
PulteGroup, Inc.
Ryland Group, Inc. (The)
Tupperware Brands Corp.
Whirlpool Corp.
55,233
92,050
123,988
46,868
50,324
69,527
288,571
59,489
55,034
93,837
97,576
1,315,583
253,266
3,638,874
82,014
217,011
51,189
824,057
279,476
51,951
44,608
101,031
166,086
519,831
744,929
9,322,403
2,703
1,149
5,658
1,318
2,459
647
6,011
4,719
480
1,369
1,390
Total Household Durables
Household Products – 2.5%
Church & Dwight Co., Inc.
Clorox Co. (The)
Colgate-Palmolive Co.
Energizer Holdings, Inc.
Value
$
58,520
122,254
184,677
52,219
69,541
35,074
179,729
90,558
19,166
114,668
207,749
1,134,155
2,410
4,332
21,606
1,327
166,459
381,259
1,401,581
133,682
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 19
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Shares
Kimberly-Clark Corp.
Procter & Gamble Co. (The)
Spectrum Brands Holdings, Inc.
WD-40 Co.
12,953
87,581
898
640
Total Household Products
$
Value
Investments
1,428,068
7,059,029
71,571
49,645
RLI Corp.
Safety Insurance Group, Inc.
Selective Insurance Group, Inc.
StanCorp Financial Group, Inc.
State Auto Financial Corp.
Symetra Financial Corp.
Torchmark Corp.
Travelers Cos., Inc. (The)
United Fire Group, Inc.
Universal Insurance Holdings, Inc.
Unum Group
W.R. Berkley Corp.
10,691,294
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)
11,743
NRG Energy, Inc.
6,214
167,690
197,605
Total Independent Power and Renewable Electricity Producers
365,295
Industrial Conglomerates – 2.4%
3M Co.
Carlisle Cos., Inc.
Danaher Corp.
General Electric Co.
14,025
976
1,072
309,537
Total Industrial Conglomerates
Insurance – 2.5%
Aflac, Inc.
Allstate Corp. (The)
American Financial Group, Inc.
American International Group, Inc.
American National Insurance Co.
AmTrust Financial Services, Inc.
Arthur J. Gallagher & Co.
Assurant, Inc.
Baldwin & Lyons, Inc. Class B
Brown & Brown, Inc.
Chubb Corp. (The)
Cincinnati Financial Corp.
CNA Financial Corp.
CNO Financial Group, Inc.
Donegal Group, Inc. Class A
Erie Indemnity Co. Class A
Fidelity National Financial, Inc. Class A
First American Financial Corp.
Hanover Insurance Group, Inc. (The)
Hartford Financial Services Group, Inc.
HCC Insurance Holdings, Inc.
Horace Mann Educators Corp.
Infinity Property & Casualty Corp.
Kemper Corp.
Lincoln National Corp.
Loews Corp.
Marsh & McLennan Cos., Inc.
Mercury General Corp.
MetLife, Inc.
Old Republic International Corp.
Principal Financial Group, Inc.
ProAssurance Corp.
Progressive Corp. (The)
Protective Life Corp.
Prudential Financial, Inc.
Reinsurance Group of America, Inc.
1,902,632
77,436
80,400
8,013,913
10,074,381
11,324
9,360
1,552
12,986
1,035
1,522
4,344
1,320
2
2,465
5,115
5,474
5,636
2,248
1
1,383
6,159
1,946
1,317
8,645
1,990
1,829
671
1,759
3,776
2,155
12,666
3,090
26,215
12,747
6,913
1,333
7,068
1,607
11,984
1,108
713,865
529,589
89,566
649,430
117,007
57,242
206,688
85,747
53
75,823
456,769
266,365
240,770
40,689
15
96,478
193,639
51,666
80,916
304,909
90,525
53,041
45,380
68,900
191,330
94,928
624,434
139,297
1,384,152
209,051
317,929
59,358
171,187
84,512
1,014,446
88,230
1,292
1,367
2,098
1,020
2,555
3,936
865
8,963
1,122
4
4,778
916
Total Insurance
Internet & Catalog Retail – 0.0%
Expedia, Inc.
HSN, Inc.
Nutrisystem, Inc.
Internet Software & Services – 0.0%
IAC/InterActiveCorp
j2 Global, Inc.
1,388
1,185
2
1,701
1,265
13,107
3,760
3,126
2,570
809
5,602
25,450
1,467
2,887
3,978
12,961
2,941
4,300
17,814
27,038
Total Life Sciences Tools & Services
121,434
63,313
1,012,647
82,720
116,100
156,307
76,685
299,427
4,898,871
81,800
102,113
297,157
552,139
89,436
928,198
291,437
305,529
9,290,566
1,074
4,539
11,910
997
839
Total Leisure Products
Life Sciences Tools & Services – 0.1%
Agilent Technologies, Inc.
PerkinElmer, Inc.
Techne Corp.
Thermo Fisher Scientific, Inc.
100,630
70,780
30
184,747
Total IT Services
Leisure Products – 0.2%
Brunswick Corp.
Hasbro, Inc.
Mattel, Inc.
Polaris Industries, Inc.
Sturm Ruger & Co., Inc.
57,158
73,613
48,925
68,136
54,447
78,012
68,075
762,751
34,053
51
168,711
38,124
171,440
Total Internet Software & Services
IT Services – 2.2%
Automatic Data Processing, Inc.
Booz Allen Hamilton Holding Corp.
Broadridge Financial Solutions, Inc.
Computer Sciences Corp.
DST Systems, Inc.
Fidelity National Information Services, Inc.
International Business Machines Corp.
Jack Henry & Associates, Inc.
Leidos Holdings, Inc.
MasterCard, Inc. Class A
Paychex, Inc.
Total System Services, Inc.
Visa, Inc. Class A
Western Union Co. (The)
Xerox Corp.
Value
$
10,345,982
Total Internet & Catalog Retail
See Notes to Financial Statements.
20 WisdomTree Domestic Dividend Funds
Shares
48,641
252,459
477,710
139,291
50,172
968,273
3,173
1,216
722
2,340
177,434
54,793
61,637
281,362
575,226
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Machinery – 1.7%
AGCO Corp.
Albany International Corp. Class A
Barnes Group, Inc.
Briggs & Stratton Corp.
Caterpillar, Inc.
CLARCOR, Inc.
Crane Co.
Cummins, Inc.
Deere & Co.
Donaldson Co., Inc.
Douglas Dynamics, Inc.
Dover Corp.
Flowserve Corp.
Graco, Inc.
Harsco Corp.
IDEX Corp.
Illinois Tool Works, Inc.
ITT Corp.
Joy Global, Inc.
Kennametal, Inc.
Lincoln Electric Holdings, Inc.
Mueller Industries, Inc.
Nordson Corp.
Oshkosh Corp.
PACCAR, Inc.
Pall Corp.
Parker Hannifin Corp.
Snap-On, Inc.
SPX Corp.
Stanley Black & Decker, Inc.
Timken Co. (The)
Toro Co. (The)
Trinity Industries, Inc.
Valmont Industries, Inc.
Woodward, Inc.
Xylem, Inc.
Shares
774
3
1,586
2,047
19,073
858
1,190
3,809
9,537
1,931
2
3,144
1,295
1,136
2,945
1,260
10,196
1,293
1,579
1,374
1,319
1,200
710
1,256
5,387
1,491
2,440
1,009
649
4,247
1,866
747
1,123
207
543
2,544
Total Machinery
Marine – 0.0%
International Shipholding Corp.
Matson, Inc.
$
42,694
107
61,013
45,546
1,895,284
49,206
84,669
567,503
865,960
81,874
35
257,022
101,450
84,905
69,001
91,841
829,241
55,289
91,582
60,868
94,981
35,988
50,048
73,941
363,299
133,400
292,092
114,502
63,803
345,026
109,683
47,203
80,935
30,810
22,551
92,652
7,286,004
Investments
Shares
Morningstar, Inc.
National CineMedia, Inc.
Omnicom Group, Inc.
Regal Entertainment Group Class A
Scripps Networks Interactive, Inc. Class A
Sinclair Broadcast Group, Inc. Class A
Time Warner Cable, Inc.
Time Warner, Inc.
Twenty-First Century Fox, Inc. Class A
Twenty-First Century Fox, Inc. Class B
Viacom, Inc. Class A
Viacom, Inc. Class B
Walt Disney Co. (The)
World Wrestling Entertainment, Inc. Class A
327
4,655
6,367
5,970
872
1,627
6,021
17,011
12,272
6,884
1,112
6,754
20,735
8
Total Media
206
47,973
Metals & Mining – 0.9%
Alcoa, Inc.
Allegheny Technologies, Inc.
AMCOL International Corp.
Carpenter Technology Corp.
Cliffs Natural Resources, Inc.
Commercial Metals Co.
Compass Minerals International, Inc.
Freeport-McMoRan Copper & Gold, Inc.
Globe Specialty Metals, Inc.
Gold Resource Corp.
Hecla Mining Co.
Kaiser Aluminum Corp.
Newmont Mining Corp.
Nucor Corp.
Reliance Steel & Aluminum Co.
Royal Gold, Inc.
Southern Copper Corp.
Steel Dynamics, Inc.
United States Steel Corp.
US Silica Holdings, Inc.
Walter Energy, Inc.
Worthington Industries, Inc.
48,179
8,317
893
4,818
3,456
36,606
8,879
7,568
9,535
1,513
1,494
140,308
55,268
297,752
100,258
1,831,032
432,940
208,877
163,430
87,209
69,366
Multiline Retail – 0.6%
Family Dollar Stores, Inc.
Kohl’s Corp.
Macy’s, Inc.
Nordstrom, Inc.
Target Corp.
15,188
2,733
1,618
779
4,446
3,911
1,084
40,622
7
7,719
4,936
598
18,349
9,888
1,475
1,217
16,612
6,083
1,458
1,217
1,016
1,363
25,840
69,825
462,244
111,520
66,194
44,075
825,961
1,111,329
392,336
214,230
94,809
574,022
1,660,251
231
195,470
102,979
74,072
51,445
90,965
73,840
89,452
1,343,369
146
36,897
15,153
42,709
430,101
499,740
104,223
76,208
483,575
108,217
40,255
46,453
7,681
52,135
3,965,085
2,047
6,113
8,183
4,240
18,736
Total Multiline Retail
Multi-Utilities – 2.2%
Alliant Energy Corp.
Ameren Corp.
Avista Corp.
Black Hills Corp.
CenterPoint Energy, Inc.
Value
$
9,039,307
Total Metals & Mining
7
1,943
Total Marine
Media – 2.2%
Cablevision Systems Corp. Class A
CBS Corp. Class A
CBS Corp. Class B
Cinemark Holdings, Inc.
Comcast Corp. Class A
Comcast Corp. Special Class A
Gannett Co., Inc.
Interpublic Group of Cos., Inc. (The)
John Wiley & Sons, Inc. Class A
Meredith Corp.
Value
118,746
347,218
485,170
264,788
1,133,715
2,349,637
4,316
11,602
3,755
1,777
16,765
245,192
478,002
115,091
102,444
397,163
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 21
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Shares
CMS Energy Corp.
Consolidated Edison, Inc.
Dominion Resources, Inc.
DTE Energy Co.
Integrys Energy Group, Inc.
MDU Resources Group, Inc.
NiSource, Inc.
NorthWestern Corp.
PG&E Corp.
Public Service Enterprise Group, Inc.
SCANA Corp.
Sempra Energy
TECO Energy, Inc.
Vectren Corp.
Wisconsin Energy Corp.
10,656
13,809
22,091
7,456
4,091
5,273
10,206
1,875
21,375
24,104
6,677
7,556
11,943
3,699
8,656
Total Multi-Utilities
Oil, Gas & Consumable Fuels – 9.0%
Anadarko Petroleum Corp.
Apache Corp.
Arch Coal, Inc.
Cabot Oil & Gas Corp.
Chesapeake Energy Corp.
Chevron Corp.
Cimarex Energy Co.
ConocoPhillips
Consol Energy, Inc.
CVR Energy, Inc.
Delek US Holdings, Inc.
Devon Energy Corp.
Energen Corp.
EOG Resources, Inc.
EQT Corp.
EXCO Resources, Inc.
Exxon Mobil Corp.
Hess Corp.
HollyFrontier Corp.
Kinder Morgan, Inc.
Marathon Oil Corp.
Marathon Petroleum Corp.
Murphy Oil Corp.
Noble Energy, Inc.
Occidental Petroleum Corp.
ONEOK, Inc.
PBF Energy, Inc. Class A
Peabody Energy Corp.
Phillips 66
Pioneer Natural Resources Co.
Range Resources Corp.
Semgroup Corp. Class A
Spectra Energy Corp.
Targa Resources Corp.
Tesoro Corp.
Valero Energy Corp.
5,010
4,090
9,902
1,100
9,777
69,870
673
53,673
3,581
6,972
1,194
6,625
785
1,434
2
10,240
121,950
4,582
5,455
54,241
16,568
6,453
4,156
3,279
24,570
5,785
2,138
5,533
14,009
112
472
810
26,668
1,232
2,612
11,262
$
Value
Investments
Shares
312,008
740,853
1,568,240
553,906
244,028
180,917
362,619
88,931
923,400
919,327
342,664
731,119
204,822
145,704
402,937
W&T Offshore, Inc.
Western Refining, Inc.
Williams Cos., Inc. (The)
3,055
2,099
29,789
9,059,367
Pharmaceuticals – 7.3%
AbbVie, Inc.
Allergan, Inc.
Bristol-Myers Squibb Co.
Eli Lilly & Co.
Johnson & Johnson
Merck & Co., Inc.
Pfizer, Inc.
Questcor Pharmaceuticals, Inc.
Zoetis, Inc.
424,648
339,266
47,728
37,268
250,487
8,308,242
80,161
3,775,896
143,061
294,567
34,674
443,411
63,436
281,308
194
57,344
11,912,076
379,756
259,549
1,762,290
588,495
561,669
261,246
232,940
2,341,275
342,761
55,160
90,409
1,079,534
20,960
39,162
53,201
985,116
122,288
132,141
598,012
Total Oil, Gas & Consumable Fuels
Paper & Forest Products – 0.2%
International Paper Co.
PH Glatfelter Co.
Schweitzer-Mauduit International, Inc.
6,953
2,889
646
101,792
193,216
53,521
348,529
51,423
765
48,434
48,062
88,711
113,199
227,784
1,437
4,484
2,643,142
94,937
2,516,146
2,828,929
8,714,082
6,426,307
7,316,422
93,304
129,767
30,763,036
721
653
1,980
3
1,076
2,576
376
Total Professional Services
Real Estate Investment Trusts (REITs) – 6.6%
Acadia Realty Trust
Agree Realty Corp.
Alexander’s, Inc.
Alexandria Real Estate Equities, Inc.
American Assets Trust, Inc.
American Campus Communities, Inc.
American Homes 4 Rent Class A
American Realty Capital Properties, Inc.
American Tower Corp.
Apartment Investment & Management Co. Class A
Ashford Hospitality Trust, Inc.
Associated Estates Realty Corp.
AvalonBay Communities, Inc.
Aviv REIT, Inc.
BioMed Realty Trust, Inc.
Boston Properties, Inc.
Brandywine Realty Trust
628,373
40,013
50,341
718,727
Total Pharmaceuticals
See Notes to Financial Statements.
22 WisdomTree Domestic Dividend Funds
13,696
1,470
1,182
Total Personal Products
Professional Services – 0.1%
Corporate Executive Board Co. (The)
Dun & Bradstreet Corp. (The)
Equifax, Inc.
Insperity, Inc.
Manpowergroup, Inc.
Robert Half International, Inc.
Towers Watson & Co. Class A
52,882
81,021
1,208,838
37,742,472
Total Paper & Forest Products
Personal Products – 0.1%
Avon Products, Inc.
Estee Lauder Cos., Inc. (The) Class A
Nu Skin Enterprises, Inc. Class A
Value
$
53,520
64,875
134,699
93
84,821
108,063
42,883
488,954
2,791
2,248
209
3,364
1,928
4,754
3,102
42,614
6,065
5,710
8,511
4,659
5,127
3,664
9,920
3,993
8,358
73,627
68,362
75,447
244,092
65,051
177,562
51,835
597,448
496,542
172,556
95,919
78,923
673,278
89,585
203,261
457,318
120,857
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Shares
BRE Properties, Inc.
Camden Property Trust
Campus Crest Communities, Inc.
CBL & Associates Properties, Inc.
Cedar Realty Trust, Inc.
Chambers Street Properties
Chesapeake Lodging Trust
CommonWealth REIT
Corporate Office Properties Trust
Corrections Corp. of America
Cousins Properties, Inc.
Crown Castle International Corp.
CubeSmart
DCT Industrial Trust, Inc.
DDR Corp.
DiamondRock Hospitality Co.
Digital Realty Trust, Inc.
Douglas Emmett, Inc.
Duke Realty Corp.
DuPont Fabros Technology, Inc.
EastGroup Properties, Inc.
Education Realty Trust, Inc.
EPR Properties
Equity Lifestyle Properties, Inc.
Equity One, Inc.
Equity Residential
Essex Property Trust, Inc.
Excel Trust, Inc.
Extra Space Storage, Inc.
Federal Realty Investment Trust
First Industrial Realty Trust, Inc.
First Potomac Realty Trust
Franklin Street Properties Corp.
General Growth Properties, Inc.
Geo Group, Inc. (The)
Getty Realty Corp.
Gladstone Commercial Corp.
Glimcher Realty Trust
Government Properties Income Trust
HCP, Inc.
Health Care REIT, Inc.
Healthcare Realty Trust, Inc.
Healthcare Trust of America, Inc. Class A
Hersha Hospitality Trust
Highwoods Properties, Inc.
Home Properties, Inc.
Hospitality Properties Trust
Host Hotels & Resorts, Inc.
Hudson Pacific Properties, Inc.
Inland Real Estate Corp.
Investors Real Estate Trust
Kilroy Realty Corp.
Kimco Realty Corp.
Kite Realty Group Trust
2,452
3,810
8,385
9,462
7
16,856
3,386
5,454
5,043
7,001
5,173
7,194
5,269
15,450
13,442
7,090
9,139
4,853
15,829
3,504
1,489
8,726
3,314
2,545
5,639
11,761
1,242
6,599
4,739
2,201
3,053
6,260
7,979
27,611
5,237
3,761
3,612
8,620
4,756
28,071
17,281
5,922
11,536
12,482
4,103
2,989
10,756
20,864
2,679
9,605
11,007
2,455
19,122
9,823
$
Value
Investments
Shares
153,937
256,565
72,782
167,950
43
130,971
87,122
143,440
134,346
219,271
59,334
530,773
90,416
121,746
221,524
83,307
485,098
131,710
267,194
84,341
93,673
86,126
176,934
103,454
125,975
682,020
211,202
83,675
229,889
252,499
58,984
80,879
100,535
607,442
168,841
71,045
62,632
86,459
119,851
1,088,874
1,029,948
143,016
131,395
72,770
157,596
179,699
308,912
422,287
61,805
101,333
98,843
143,814
418,389
58,938
LaSalle Hotel Properties
Lexington Realty Trust
Liberty Property Trust
LTC Properties, Inc.
Macerich Co. (The)
Mack-Cali Realty Corp.
Medical Properties Trust, Inc.
Mid-America Apartment Communities, Inc.
Monmouth Real Estate Investment Corp. Class A
National Health Investors, Inc.
National Retail Properties, Inc.
Omega Healthcare Investors, Inc.
One Liberty Properties, Inc.
Parkway Properties, Inc.
Pebblebrook Hotel Trust
Pennsylvania Real Estate Investment Trust
Piedmont Office Realty Trust, Inc. Class A
Plum Creek Timber Co., Inc.
Post Properties, Inc.
Potlatch Corp.
Prologis, Inc.
PS Business Parks, Inc.
Public Storage
Ramco-Gershenson Properties Trust
Rayonier, Inc.
Realty Income Corp.
Regency Centers Corp.
Retail Opportunity Investments Corp.
Retail Properties of America, Inc. Class A
RLJ Lodging Trust
Ryman Hospitality Properties, Inc.
Sabra Health Care REIT, Inc.
Saul Centers, Inc.
Select Income REIT
Senior Housing Properties Trust
Simon Property Group, Inc.
SL Green Realty Corp.
Sovran Self Storage, Inc.
Spirit Realty Capital, Inc.
STAG Industrial, Inc.
Summit Hotel Properties, Inc.
Sun Communities, Inc.
Sunstone Hotel Investors, Inc.
Tanger Factory Outlet Centers, Inc.
Taubman Centers, Inc.
UDR, Inc.
Universal Health Realty Income Trust
Urstadt Biddle Properties, Inc. Class A
Ventas, Inc.
Vornado Realty Trust
Washington Real Estate Investment Trust
Weingarten Realty Investors
Weyerhaeuser Co.
Winthrop Realty Trust
4,019
15,584
8,243
2,679
6,247
5,427
10,921
3,344
7,618
1,557
6,682
8,422
8
4,315
1,677
3,769
8,294
6,829
1,818
1,671
16,312
889
7,001
5,401
6,002
12,545
3,802
5,428
11,927
4,090
2,720
2,921
1,366
4,013
12,971
10,440
2,175
1,095
21,703
4,635
7,447
2,584
3,912
2,698
1,876
10,319
1,828
3,507
14,809
6,385
4,349
5,492
17,671
5,768
Value
$
125,835
170,021
304,661
100,811
389,376
112,827
139,680
228,295
72,676
94,136
229,326
282,305
171
78,749
56,632
68,030
142,242
287,091
89,264
64,651
666,019
74,338
1,179,598
88,036
275,552
512,589
194,130
81,094
161,492
109,367
115,654
81,467
64,694
121,474
291,458
1,712,160
218,848
80,428
238,299
111,703
69,108
116,513
53,712
94,430
132,802
266,540
77,215
72,455
896,981
629,306
103,854
164,760
518,644
66,851
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 23
Schedule of Investments (continued)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
WP Carey, Inc.
Shares
3,850
Total Real Estate Investment Trusts (REITs)
Road & Rail – 0.9%
Con-way, Inc.
CSX Corp.
JB Hunt Transport Services, Inc.
Kansas City Southern
Knight Transportation, Inc.
Landstar System, Inc.
Norfolk Southern Corp.
Ryder System, Inc.
Union Pacific Corp.
Werner Enterprises, Inc.
Value
$
231,269
27,912,886
883
23,786
925
821
2,600
1,946
7,741
1,229
9,818
6
36,274
689,080
66,526
83,791
60,138
115,242
752,193
98,222
1,842,446
153
Total Road & Rail
3,744,065
Semiconductors & Semiconductor Equipment – 2.5%
Altera Corp.
6,725
Analog Devices, Inc.
9,337
Applied Materials, Inc.
31,681
Broadcom Corp. Class A
8,803
Brooks Automation, Inc.
5,423
Intel Corp.
196,496
Intersil Corp. Class A
6,647
KLA-Tencor Corp.
5,262
Linear Technology Corp.
5,987
LSI Corp.
7,309
Maxim Integrated Products, Inc.
11,039
Microchip Technology, Inc.
7,289
MKS Instruments, Inc.
1,432
NVIDIA Corp.
13,770
Texas Instruments, Inc.
33,754
Xilinx, Inc.
6,614
243,714
496,168
646,926
277,118
59,273
5,071,562
85,879
363,815
291,507
80,911
365,612
348,123
42,802
246,621
1,591,501
358,942
Total Semiconductors & Semiconductor Equipment
Software – 3.8%
Activision Blizzard, Inc.
American Software, Inc. Class A
Blackbaud, Inc.
CA, Inc.
Compuware Corp.
Factset Research Systems, Inc.
Intuit, Inc.
Microsoft Corp.
Oracle Corp.
Solera Holdings, Inc.
Symantec Corp.
10,570,474
8,697
3,574
1,020
15,200
10,619
626
3,189
282,038
69,791
932
19,718
Total Software
Specialty Retail – 1.6%
Abercrombie & Fitch Co. Class A
Advance Auto Parts, Inc.
American Eagle Outfitters, Inc.
Best Buy Co., Inc.
Buckle, Inc. (The)
Chico’s FAS, Inc.
177,767
36,347
31,926
470,744
111,499
67,489
247,881
11,560,738
2,855,150
59,033
393,769
16,012,343
2,290
9
7,692
6,254
1,049
2,185
88,165
1,138
94,150
165,168
48,044
35,026
Investments
Shares
Dick’s Sporting Goods, Inc.
DSW, Inc. Class A
Foot Locker, Inc.
GameStop Corp. Class A
Gap, Inc. (The)
GNC Holdings, Inc. Class A
Guess?, Inc.
Home Depot, Inc. (The)
L Brands, Inc.
Lowe’s Cos., Inc.
Men’s Wearhouse, Inc. (The)
Penske Automotive Group, Inc.
PetSmart, Inc.
Rent-A-Center, Inc.
Ross Stores, Inc.
Staples, Inc.
Tiffany & Co.
TJX Cos., Inc. (The)
Tractor Supply Co.
Williams-Sonoma, Inc.
980
1,164
3,430
2,926
10,792
1,258
2,712
30,816
6,050
17,422
1,105
1,513
1,053
1,682
2,426
22,399
2,154
7,582
1,191
2,306
Total Specialty Retail
53,518
41,741
161,141
120,259
432,328
55,377
74,851
2,438,470
343,459
851,936
54,123
64,696
72,541
44,741
173,580
254,005
185,567
459,848
84,120
153,672
6,551,664
Technology Hardware, Storage & Peripherals – 3.7%
Apple, Inc.
21,981
Diebold, Inc.
2,748
EMC Corp.
38,445
Hewlett-Packard Co.
44,986
Lexmark International, Inc. Class A
2,766
NetApp, Inc.
5,650
SanDisk Corp.
3,303
Western Digital Corp.
3,940
11,798,082
109,618
1,053,777
1,455,747
128,038
208,485
268,171
361,771
Total Technology Hardware, Storage & Peripherals
15,383,689
Textiles, Apparel & Luxury Goods – 0.5%
Carter’s, Inc.
Coach, Inc.
Columbia Sportswear Co.
Hanesbrands, Inc.
Jones Group, Inc. (The)
NIKE, Inc. Class B
Ralph Lauren Corp.
VF Corp.
Wolverine World Wide, Inc.
622
7,492
733
1,309
3
8,542
729
8,624
1,194
Total Textiles, Apparel & Luxury Goods
Thrifts & Mortgage Finance – 0.3%
Astoria Financial Corp.
Berkshire Hills Bancorp, Inc.
Brookline Bancorp, Inc.
Capitol Federal Financial, Inc.
Dime Community Bancshares, Inc.
Hudson City Bancorp, Inc.
New York Community Bancorp, Inc.
Northwest Bancshares, Inc.
OceanFirst Financial Corp.
See Notes to Financial Statements.
24 WisdomTree Domestic Dividend Funds
Value
$
48,298
372,053
60,583
100,112
45
630,912
117,318
533,653
34,089
1,897,063
9
6
7,200
5,528
3,767
10,178
29,714
6,147
9
124
155
67,824
69,376
63,964
100,050
477,504
89,746
159
Schedule of Investments (concluded)
WisdomTree Total Dividend Fund (DTD)
March 31, 2014
Investments
Shares
Oritani Financial Corp.
People’s United Financial, Inc.
Provident Financial Services, Inc.
TrustCo Bank Corp.
Washington Federal, Inc.
4,587
14,699
2,937
8,971
2,189
Total Thrifts & Mortgage Finance
Tobacco – 3.2%
Altria Group, Inc.
Lorillard, Inc.
Philip Morris International, Inc.
Reynolds American, Inc.
Universal Corp.
Vector Group Ltd.
111,059
17,775
77,623
30,518
1,341
9,352
1,141
6,763
1,344
1,297
857
2,084
1,102
725
2,478
4,866
5,082
3,260
6
1,860
1,959
3,201
2,412
NET ASSETS – 100.0%
*
(a)
43,214
63,219
106,433
TOTAL COMMON STOCKS
(Cost: $316,214,177)
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $317,197,647)
Other Assets in Excess of Liabilities – 0.2%
80,015
220,916
127,406
78,044
205
40,585
57,908
605,079
Total Wireless Telecommunication Services
EXCHANGE-TRADED FUND – 0.2%
WisdomTree Total Earnings Fund(a)
(Cost: $983,470)
55,042
333,551
91,231
52,762
74,148
89,341
278,431
72,435
1,046,941
Total Water Utilities
Wireless Telecommunication Services – 0.0%
NTELOS Holdings Corp.
Telephone & Data Systems, Inc.
4,156,938
961,272
6,354,995
1,630,272
74,949
201,442
13,379,868
Total Trading Companies & Distributors
Water Utilities – 0.1%
American States Water Co.
American Water Works Co., Inc.
Aqua America, Inc.
California Water Service Group
Connecticut Water Service, Inc.
Middlesex Water Co.
SJW Corp.
72,521
218,574
53,953
63,156
51,004
1,328,110
Total Tobacco
Trading Companies & Distributors – 0.3%
Applied Industrial Technologies, Inc.
Fastenal Co.
GATX Corp.
Kaman Corp.
MSC Industrial Direct Co. Class A
TAL International Group, Inc.*
W.W. Grainger, Inc.
Watsco, Inc.
Value
$
418,133,278
14,866
1,007,099
419,140,377
814,409
$419,954,786
Non-income producing security.
Affiliated company (See Note 7).
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 25
Schedule of Investments
WisdomTree Equity Income Fund (DHS)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.5%
Aerospace & Defense – 1.3%
American Science & Engineering, Inc.
Lockheed Martin Corp.
Raytheon Co.
Shares
Investments
West Bancorp., Inc.
Westamerica Bancorp.
$
51,721
7,433,623
3,026,629
10,511,973
2,263
5,325
10,090
68,565
1,440
3,276
1,982
1,715
4,536
1,805
6,469
9,501
1,910
11,378
1,874
8,091
1,637
40,765
18,435
2,966
23,748
18,311
7,566
382,610
20,233
5,483
3,584
4,119
2,747
611
2,354
3,023
1,420
2,200
2,187
1,857
2,800
8,838
12,289
7,916
2,466
50,106
2,709
1,905
539,215
2,931
59,834
322,748
350,829
2,754,256
38,463
106,306
88,913
30,321
176,995
74,871
501,542
151,066
43,968
65,992
30,659
145,476
55,134
385,229
384,001
62,494
318,223
230,352
277,294
23,228,253
211,435
134,114
49,316
177,158
211,217
29,805
53,200
71,645
44,929
54,956
68,628
90,919
43,428
224,043
229,067
242,388
50,602
521,604
48,166
71,380
26,820,554
93,294
Beverages – 2.5%
Coca-Cola Co. (The)
Dr. Pepper Snapple Group, Inc.
1,537
2,842
Value
$
23,347
153,695
59,602,109
473,680
23,373
Total Beverages
18,312,469
1,272,893
19,585,362
Biotechnology – 0.0%
PDL BioPharma, Inc.
38,662
321,281
Capital Markets – 0.2%
Arlington Asset Investment Corp. Class A
BGC Partners, Inc. Class A
Calamos Asset Management, Inc. Class A
Federated Investors, Inc. Class B
GFI Group, Inc.
Greenhill & Co., Inc.
Manning & Napier, Inc.
Westwood Holdings Group, Inc.
8,895
57,293
3,204
14,442
25,095
3,623
1,695
1,345
235,540
374,696
41,428
441,059
89,087
188,324
28,425
84,318
Total Capital Markets
Chemicals – 1.8%
Dow Chemical Co. (The)
E.I. du Pont de Nemours & Co.
FutureFuel Corp.
Innophos Holdings, Inc.
Kronos Worldwide, Inc.
Olin Corp.
Scotts Miracle-Gro Co. (The) Class A
1,482,877
136,968
102,869
4,806
2,534
16,478
8,566
6,133
Total Chemicals
Commercial Services & Supplies – 1.0%
Covanta Holding Corp.
Ennis, Inc.
Iron Mountain, Inc.
KAR Auction Services, Inc.
Knoll, Inc.
McGrath Rentcorp
Pitney Bowes, Inc.
Quad Graphics, Inc.
R.R. Donnelley & Sons Co.
Republic Services, Inc.
Waste Management, Inc.
West Corp.
Communications Equipment – 1.9%
Cisco Systems, Inc.
Comtech Telecommunications Corp.
17,057
5,051
26,976
17,436
6,148
2,465
27,575
6,087
40,617
43,567
60,166
10,055
Total Containers & Packaging
307,879
83,695
743,728
529,183
111,832
86,176
716,674
142,740
727,044
1,488,249
2,531,183
240,616
7,708,999
665,455
2,247
Total Communications Equipment
Containers & Packaging – 0.2%
Greif, Inc. Class A
MeadWestvaco Corp.
Sonoco Products Co.
6,655,275
6,902,510
97,562
143,678
274,853
236,507
375,830
14,686,215
Total Commercial Services & Supplies
See Notes to Financial Statements.
26 WisdomTree Domestic Dividend Funds
Shares
Total Banks
770
45,538
30,637
Total Aerospace & Defense
Banks – 7.5%
Arrow Financial Corp.
Bank of Hawaii Corp.
BankUnited, Inc.
BB&T Corp.
Bridge Bancorp, Inc.
Chemical Financial Corp.
City Holding Co.
CNB Financial Corp.
Community Bank System, Inc.
Community Trust Bancorp, Inc.
Cullen/Frost Bankers, Inc.
CVB Financial Corp.
Financial Institutions, Inc.
First Busey Corp.
First Community Bancshares, Inc.
First Financial Bancorp
First Financial Corp.
First Niagara Financial Group, Inc.
FirstMerit Corp.
Flushing Financial Corp.
FNB Corp.
Fulton Financial Corp.
Hancock Holding Co.
JPMorgan Chase & Co.
National Penn Bancshares, Inc.
NBT Bancorp, Inc.
Pacific Continental Corp.
PacWest Bancorp
Park National Corp.
Penns Woods Bancorp, Inc.
Republic Bancorp, Inc. Class A
S&T Bancorp, Inc.
S.Y. Bancorp, Inc.
Sandy Spring Bancorp, Inc.
Southside Bancshares, Inc.
Tompkins Financial Corp.
TowneBank
Trustmark Corp.
Umpqua Holdings Corp.
United Bankshares, Inc.
Univest Corp. of Pennsylvania
Valley National Bancorp
Washington Banking Co.
Washington Trust Bancorp, Inc.
Wells Fargo & Co.
WesBanco, Inc.
Value
14,912,847
71,589
14,984,436
2,860
18,720
11,967
150,122
704,621
490,886
1,345,629
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2014
Investments
Diversified Consumer Services – 0.2%
H&R Block, Inc.
Hillenbrand, Inc.
Universal Technical Institute, Inc.
Shares
30,253
6,660
3,970
1,059,522
154,034
12,593
326,557
2,220
479,749
278,112
913,338
215,318
51,412
37,157,437
5,058,477
251,986
1,861,375
29,681
22,821,660
2,291,643
69,472,259
6,027
80,369
7,230
121,044
36,608
4,275
7,494
36,436
146,329
110,301
22,349
18,353
6,236
3,453
52,234
42,238
5,719
55,600
17,870
7,562
10,847
119,317
166,768
9,880
2,451
4,743
20,901
75,268
Total Electric Utilities
Electrical Equipment – 0.6%
Emerson Electric Co.
LSI Industries, Inc.
$
1,180,068
Total Diversified Telecommunication Services
Electric Utilities – 6.7%
ALLETE, Inc.
American Electric Power Co., Inc.
Cleco Corp.
Duke Energy Corp.
Edison International
El Paso Electric Co.
Empire District Electric Co. (The)
Entergy Corp.
Exelon Corp.
FirstEnergy Corp.
Great Plains Energy, Inc.
Hawaiian Electric Industries, Inc.
IDACORP, Inc.
MGE Energy, Inc.
NextEra Energy, Inc.
Northeast Utilities
Otter Tail Corp.
Pepco Holdings, Inc.
Pinnacle West Capital Corp.
PNM Resources, Inc.
Portland General Electric Co.
PPL Corp.
Southern Co. (The)
UIL Holdings Corp.
Unitil Corp.
UNS Energy Corp.
Westar Energy, Inc.
Xcel Energy, Inc.
Investments
Shares
Electro Scientific Industries, Inc.
Total Diversified Consumer Services
Diversified Telecommunication Services – 8.7%
AT&T, Inc.
CenturyLink, Inc.
Consolidated Communications Holdings, Inc.
Frontier Communications Corp.
Lumos Networks Corp.
Verizon Communications, Inc.
Windstream Holdings, Inc.
Value
315,935
4,071,494
365,693
8,620,754
2,072,379
152,746
182,254
2,435,747
4,910,801
3,753,543
604,317
466,533
345,911
135,461
4,994,615
1,921,829
176,088
1,138,688
976,774
204,401
350,792
3,954,165
7,327,786
363,683
80,491
284,722
734,879
2,285,136
53,227,617
69,558
2,254
Total Electrical Equipment
Electronic Equipment, Instruments & Components – 0.0%
Daktronics, Inc.
3,495
Electro Rent Corp.
4,807
4,646,474
18,460
4,664,934
50,293
84,555
3,302
Total Electronic Equipment, Instruments & Components
Value
$
32,525
167,373
Energy Equipment & Services – 0.2%
Diamond Offshore Drilling, Inc.
32,897
1,604,058
Food & Staples Retailing – 0.3%
Sysco Corp.
Village Super Market, Inc. Class A
69,225
994
2,501,099
26,242
Total Food & Staples Retailing
2,527,341
Food Products – 1.9%
B&G Foods, Inc.
Campbell Soup Co.
ConAgra Foods, Inc.
General Mills, Inc.
Kellogg Co.
Kraft Foods Group, Inc.
7,780
34,604
50,932
74,499
42,211
89,939
Total Food Products
234,256
1,553,027
1,580,420
3,860,538
2,647,052
5,045,578
14,920,871
Gas Utilities – 0.5%
AGL Resources, Inc.
Atmos Energy Corp.
Chesapeake Utilities Corp.
Laclede Group, Inc. (The)
New Jersey Resources Corp.
Northwest Natural Gas Co.
Piedmont Natural Gas Co., Inc.
Questar Corp.
South Jersey Industries, Inc.
UGI Corp.
WGL Holdings, Inc.
18,574
11,607
867
4,241
5,990
4,776
10,990
21,381
3,990
12,431
8,758
Total Gas Utilities
909,383
547,038
54,760
199,963
298,302
210,192
388,936
508,440
223,799
566,978
350,845
4,258,636
Health Care Equipment & Supplies – 0.6%
Baxter International, Inc.
Meridian Bioscience, Inc.
60,650
4,829
Total Health Care Equipment & Supplies
Health Care Providers & Services – 0.1%
Kindred Healthcare, Inc.
Landauer, Inc.
Select Medical Holdings Corp.
4,567,851
4,664
1,765
18,497
Total Health Care Providers & Services
Health Care Technology – 0.0%
Computer Programs & Systems, Inc.
Quality Systems, Inc.
4,462,627
105,224
109,231
80,007
230,288
419,526
1,595
7,771
Total Health Care Technology
103,037
131,174
234,211
Hotels, Restaurants & Leisure – 1.9%
Cracker Barrel Old Country Store, Inc.
Darden Restaurants, Inc.
DineEquity, Inc.
Einstein Noah Restaurant Group, Inc.
McDonald’s Corp.
Six Flags Entertainment Corp.
2,523
20,862
2,331
2,069
128,621
19,421
245,337
1,058,955
181,981
34,056
12,608,717
779,753
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 27
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2014
Investments
Speedway Motorsports, Inc.
Shares
5,543
Total Hotels, Restaurants & Leisure
Household Durables – 0.1%
Leggett & Platt, Inc.
M.D.C. Holdings, Inc.
103,820
15,012,619
21,454
5,589
Total Household Durables
Household Products – 3.9%
Clorox Co. (The)
Kimberly-Clark Corp.
Orchids Paper Products Co.
Procter & Gamble Co. (The)
Value
$
700,259
158,057
858,316
15,124
45,356
1,241
304,280
Total Household Products
1,331,064
5,000,499
37,975
24,524,968
30,894,506
Industrial Conglomerates – 3.5%
General Electric Co.
1,075,188
27,836,617
Insurance – 0.5%
American National Insurance Co.
Arthur J. Gallagher & Co.
Baldwin & Lyons, Inc. Class B
Cincinnati Financial Corp.
Donegal Group, Inc. Class A
EMC Insurance Group, Inc.
Erie Indemnity Co. Class A
Horace Mann Educators Corp.
Mercury General Corp.
Old Republic International Corp.
Safety Insurance Group, Inc.
Universal Insurance Holdings, Inc.
2,861
15,560
2,263
20,704
2,843
1,412
5,908
3,555
10,652
44,647
2,690
3,108
323,436
740,345
59,494
1,007,457
41,451
50,168
412,142
103,095
480,192
732,211
144,856
39,472
Total Insurance
Internet & Catalog Retail – 0.0%
Nutrisystem, Inc.
PetMed Express, Inc.
4,134,319
4,701
4,235
Total Internet & Catalog Retail
70,844
56,791
127,635
Internet Software & Services – 0.0%
EarthLink Holdings Corp.
13,764
49,688
IT Services – 0.4%
Leidos Holdings, Inc.
ManTech International Corp. Class A
Paychex, Inc.
Western Union Co. (The)
9,627
3,067
45,609
62,965
340,507
90,200
1,942,943
1,030,107
Total IT Services
Leisure Products – 0.3%
Hasbro, Inc.
Mattel, Inc.
Sturm Ruger & Co., Inc.
3,403,757
15,359
41,472
2,113
Total Leisure Products
Machinery – 0.9%
Caterpillar, Inc.
Douglas Dynamics, Inc.
Harsco Corp.
Total Machinery
854,267
1,663,442
126,357
2,644,066
66,407
4,230
9,517
6,598,864
73,687
222,983
6,895,534
Investments
Shares
Media – 0.3%
Cablevision Systems Corp. Class A
Cinemark Holdings, Inc.
Gannett Co., Inc.
Harte-Hanks, Inc.
Meredith Corp.
National CineMedia, Inc.
Regal Entertainment Group Class A
World Wrestling Entertainment, Inc. Class A
29,834
12,308
26,149
10,731
4,665
10,679
22,417
3,893
Total Media
Metals & Mining – 1.0%
Compass Minerals International, Inc.
Freeport-McMoRan Copper & Gold, Inc.
Gold Resource Corp.
Newmont Mining Corp.
Nucor Corp.
Total Oil, Gas & Consumable Fuels
See Notes to Financial Statements.
28 WisdomTree Domestic Dividend Funds
3,304
141,418
14,818
63,464
34,989
503,300
357,055
721,712
94,862
216,596
160,185
418,750
112,430
272,646
4,676,694
70,830
1,487,596
1,768,344
8,276,110
15,522
41,762
10,130
5,085
59,617
39,074
49,807
77,474
26,871
15,279
38,337
5,200
76,379
86,790
23,079
26,839
42,933
12,998
30,948
Total Multi-Utilities
Oil, Gas & Consumable Fuels – 7.3%
Arch Coal, Inc.
Chevron Corp.
Comstock Resources, Inc.
ConocoPhillips
CVR Energy, Inc.
Evolution Petroleum Corp.
EXCO Resources, Inc.
Kinder Morgan, Inc.
PBF Energy, Inc. Class A
Spectra Energy Corp.
Targa Resources Corp.
Williams Cos., Inc. (The)
$
2,584,890
Total Metals & Mining
Multi-Utilities – 4.0%
Alliant Energy Corp.
Ameren Corp.
Avista Corp.
Black Hills Corp.
CenterPoint Energy, Inc.
CMS Energy Corp.
Consolidated Edison, Inc.
Dominion Resources, Inc.
DTE Energy Co.
Integrys Energy Group, Inc.
NiSource, Inc.
NorthWestern Corp.
PG&E Corp.
Public Service Enterprise Group, Inc.
SCANA Corp.
Sempra Energy
TECO Energy, Inc.
Vectren Corp.
Wisconsin Energy Corp.
Value
881,805
1,720,594
310,485
293,150
1,412,327
1,144,087
2,672,146
5,499,879
1,996,247
911,392
1,362,114
246,636
3,299,573
3,310,171
1,184,414
2,596,942
736,301
511,991
1,440,629
31,530,883
20,989
242,474
4,846
186,483
24,688
3,278
38,431
189,717
5,302
93,823
4,530
104,465
101,167
28,832,583
110,731
13,119,079
1,043,068
41,729
215,213
6,163,905
136,792
3,465,822
449,648
4,239,190
57,918,927
Schedule of Investments (continued)
WisdomTree Equity Income Fund (DHS)
March 31, 2014
Investments
Paper & Forest Products – 0.3%
International Paper Co.
Pharmaceuticals – 13.3%
AbbVie, Inc.
Bristol-Myers Squibb Co.
Eli Lilly & Co.
Johnson & Johnson
Merck & Co., Inc.
Pfizer, Inc.
Shares
48,114
179,618
167,967
167,549
308,168
393,922
791,661
Total Pharmaceuticals
Professional Services – 0.0%
Acacia Research Corp.
CDI Corp.
Heidrick & Struggles International, Inc.
$
2,207,470
9,232,365
8,725,886
9,861,934
30,271,343
22,362,952
25,428,151
105,882,631
6,334
1,990
2,494
Total Professional Services
Real Estate Investment Trusts (REITs) – 10.4%
Acadia Realty Trust
Agree Realty Corp.
Alexander’s, Inc.
Alexandria Real Estate Equities, Inc.
American Campus Communities, Inc.
American Realty Capital Properties, Inc.
AmREIT, Inc.
Apartment Investment & Management Co. Class A
Ashford Hospitality Trust, Inc.
Associated Estates Realty Corp.
AvalonBay Communities, Inc.
Aviv REIT, Inc.
BioMed Realty Trust, Inc.
Brandywine Realty Trust
BRE Properties, Inc.
Camden Property Trust
Campus Crest Communities, Inc.
CBL & Associates Properties, Inc.
Cedar Realty Trust, Inc.
Chambers Street Properties
Chatham Lodging Trust
Chesapeake Lodging Trust
CommonWealth REIT
CoreSite Realty Corp.
Corporate Office Properties Trust
Corrections Corp. of America
CyrusOne, Inc.
DCT Industrial Trust, Inc.
DDR Corp.
DiamondRock Hospitality Co.
Digital Realty Trust, Inc.
Douglas Emmett, Inc.
Duke Realty Corp.
DuPont Fabros Technology, Inc.
EastGroup Properties, Inc.
Education Realty Trust, Inc.
EPR Properties
Value
96,784
34,129
50,055
180,968
6,818
3,135
802
11,289
16,346
151,143
3,272
20,794
17,331
9,574
17,776
7,709
36,234
26,097
7,659
13,996
16,658
32,543
12,232
53,685
3,768
7,343
19,450
3,380
15,802
26,083
2,216
50,770
49,065
22,512
33,113
18,687
57,756
10,155
5,059
21,426
12,921
179,859
95,335
289,514
819,130
610,523
2,119,025
54,217
628,395
195,320
162,184
2,334,344
188,485
742,435
377,363
480,832
942,491
144,592
577,638
74,738
417,132
76,189
188,935
511,535
104,780
420,965
816,920
46,159
400,068
808,591
264,516
1,757,638
507,165
974,921
244,431
318,262
211,475
689,852
Investments
Shares
Equity One, Inc.
Equity Residential
Essex Property Trust, Inc.
Excel Trust, Inc.
Extra Space Storage, Inc.
Federal Realty Investment Trust
First Potomac Realty Trust
Franklin Street Properties Corp.
Geo Group, Inc. (The)
Getty Realty Corp.
Gladstone Commercial Corp.
Glimcher Realty Trust
Government Properties Income Trust
HCP, Inc.
Health Care REIT, Inc.
Healthcare Realty Trust, Inc.
Healthcare Trust of America, Inc. Class A
Hersha Hospitality Trust
Highwoods Properties, Inc.
Home Properties, Inc.
Hospitality Properties Trust
Inland Real Estate Corp.
Investors Real Estate Trust
Kimco Realty Corp.
Kite Realty Group Trust
LaSalle Hotel Properties
Lexington Realty Trust
Liberty Property Trust
LTC Properties, Inc.
Macerich Co. (The)
Mack-Cali Realty Corp.
Medical Properties Trust, Inc.
Mid-America Apartment Communities, Inc.
Monmouth Real Estate Investment Corp. Class A
National Health Investors, Inc.
National Retail Properties, Inc.
Omega Healthcare Investors, Inc.
One Liberty Properties, Inc.
Parkway Properties, Inc.
Pennsylvania Real Estate Investment Trust
Piedmont Office Realty Trust, Inc. Class A
Plum Creek Timber Co., Inc.
Post Properties, Inc.
Potlatch Corp.
Prologis, Inc.
Public Storage
Ramco-Gershenson Properties Trust
Rayonier, Inc.
Realty Income Corp.
Regency Centers Corp.
Retail Opportunity Investments Corp.
Retail Properties of America, Inc. Class A
RLJ Lodging Trust
Ryman Hospitality Properties, Inc.
18,301
42,173
4,506
9,596
17,289
7,178
14,616
23,630
17,301
4,946
4,154
21,961
17,104
99,787
61,340
20,073
36,336
33,475
17,196
11,122
39,902
26,229
23,430
69,014
17,946
13,848
54,099
30,473
7,087
23,451
18,810
40,926
13,016
10,697
5,407
24,003
29,688
3,927
10,538
10,632
33,526
26,508
5,418
4,159
57,566
24,291
12,043
21,775
42,677
14,016
10,965
44,622
15,778
8,251
Value
$
408,844
2,445,612
766,245
121,677
838,689
823,460
188,839
297,738
557,784
93,430
72,030
220,269
431,021
3,870,738
3,655,864
484,763
413,867
195,159
660,498
668,655
1,145,985
276,716
210,401
1,510,026
107,676
433,581
590,220
1,126,282
266,684
1,461,701
391,060
523,444
888,602
102,049
326,907
823,783
995,142
83,724
192,319
191,908
574,971
1,114,396
266,024
160,912
2,350,420
4,092,791
196,301
999,690
1,743,782
715,657
163,817
604,182
421,904
350,833
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 29
Schedule of Investments (concluded)
WisdomTree Equity Income Fund (DHS)
March 31, 2014
Investments
Shares
Sabra Health Care REIT, Inc.
Saul Centers, Inc.
Select Income REIT
Senior Housing Properties Trust
Simon Property Group, Inc.
Sovran Self Storage, Inc.
Spirit Realty Capital, Inc.
STAG Industrial, Inc.
Summit Hotel Properties, Inc.
Sun Communities, Inc.
Taubman Centers, Inc.
Terreno Realty Corp.
UDR, Inc.
Universal Health Realty Income Trust
Urstadt Biddle Properties, Inc. Class A
Ventas, Inc.
Vornado Realty Trust
Washington Real Estate Investment Trust
Weingarten Realty Investors
Weyerhaeuser Co.
Whitestone REIT
Winthrop Realty Trust
WP Carey, Inc.
7,585
2,913
12,634
49,285
36,841
3,589
77,382
9,941
16,097
8,002
6,789
2,570
38,359
2,771
5,676
51,867
23,366
13,188
22,361
62,738
7,040
9,926
14,360
Total Real Estate Investment Trusts (REITs)
Road & Rail – 0.0%
Landstar System, Inc.
$
Value
Investments
211,546
137,960
382,431
1,107,434
6,041,924
263,612
849,654
239,578
149,380
360,810
480,593
48,599
990,813
117,047
117,266
3,141,584
2,302,953
314,929
670,830
1,841,360
101,658
115,042
862,605
Thrifts & Mortgage Finance – 0.4%
Banc of California, Inc.
Berkshire Hills Bancorp, Inc.
Brookline Bancorp, Inc.
Dime Community Bancshares, Inc.
New York Community Bancorp, Inc.
Northwest Bancshares, Inc.
OceanFirst Financial Corp.
Oritani Financial Corp.
People’s United Financial, Inc.
Provident Financial Services, Inc.
Rockville Financial, Inc.
TrustCo Bank Corp.
United Financial Bancorp, Inc.
83,244,634
5,599
331,573
87,134
17,561,046
269,601
1,274,527
1,317,812
1,224,041
5,508,582
Total Semiconductors & Semiconductor Equipment
27,242,743
3,382
53,835
33,611
979,633
Total Software
Specialty Retail – 0.2%
American Eagle Outfitters, Inc.
Staples, Inc.
Total Specialty Retail
Technology Hardware, Storage & Peripherals – 0.1%
Diebold, Inc.
Lexmark International, Inc. Class A
Total Technology Hardware, Storage & Peripherals
34,395
1,667,270
352,916
40,155,157
42,209,738
23,271
78,351
284,837
888,500
1,173,337
Total Thrifts & Mortgage Finance
Tobacco – 5.8%
Altria Group, Inc.
Lorillard, Inc.
Philip Morris International, Inc.
Reynolds American, Inc.
Universal Corp.
Vector Group Ltd.
Trading Companies & Distributors – 0.0%
Houston Wire & Cable Co.
TAL International Group, Inc.*
Water Utilities – 0.0%
American States Water Co.
California Water Service Group
Connecticut Water Service, Inc.
Middlesex Water Co.
2,128
6,728
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $687,293,056)
Other Assets in Excess of Liabilities – 0.2%
*
345,567
410,361
(a)
Non-income producing security.
Affiliated company (See Note 7).
755,928
26,675
60,430
105,890
81,063
1,666,073
187,902
44,720
125,516
809,478
135,938
34,192
95,364
29,093
14,442,553
3,384,002
22,114,233
5,725,021
192,541
723,809
27,941
288,429
316,370
3,765
5,308
1,092
2,809
121,572
127,073
37,314
61,292
347,251
7,067
3,975
95,404
72,226
167,630
TOTAL COMMON STOCKS
(Cost: $685,334,450)
EXCHANGE-TRADED FUND – 0.3%
WisdomTree Total Dividend Fund(a)
(Cost: $1,958,606)
$
46,582,159
Total Wireless Telecommunication Services
See Notes to Financial Statements.
30 WisdomTree Domestic Dividend Funds
385,855
62,574
270,114
107,170
3,445
33,603
Total Water Utilities
Wireless Telecommunication Services – 0.0%
NTELOS Holdings Corp.
USA Mobility, Inc.
Value
3,402,334
Total Tobacco
NET ASSETS – 100.0%
8,663
8,865
2,174
2,335
11,241
4,774
103,676
12,870
2,528
7,939
54,437
7,400
2,516
13,546
1,582
Total Trading Companies & Distributors
Semiconductors & Semiconductor Equipment – 3.4%
Brooks Automation, Inc.
7,972
Intel Corp.
680,397
Intersil Corp. Class A
20,867
KLA-Tencor Corp.
18,434
Maxim Integrated Products, Inc.
39,789
Microchip Technology, Inc.
25,629
Texas Instruments, Inc.
116,831
Software – 5.3%
American Software, Inc. Class A
CA, Inc.
Compuware Corp.
Microsoft Corp.
Shares
793,686,259
29,659
2,023,930
795,710,189
1,884,762
$797,594,951
Schedule of Investments
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.8%
Aerospace & Defense – 3.0%
Boeing Co. (The)
General Dynamics Corp.
Honeywell International, Inc.
Lockheed Martin Corp.
Northrop Grumman Corp.
Precision Castparts Corp.
Raytheon Co.
United Technologies Corp.
Shares
62,143
48,234
91,367
67,977
28,043
416
45,535
112,648
Total Aerospace & Defense
Air Freight & Logistics – 0.6%
FedEx Corp.
United Parcel Service, Inc. Class B
41,922
33,065
11,273
58,719
557,366
14,966
8,694,909
996,885
9,691,794
156,235
101,159
8,726
13,379
118,214
567,961
82,279
18,241
70,672
96,432
33,700
238,429
798,399
2,687,242
4,063,557
427,749
636,840
2,713,011
34,480,912
1,171,653
2,212,633
6,148,464
1,071,360
1,340,923
10,219,067
39,712,366
106,885,777
12,386
702,350
28,059
243,643
Total Beverages
Biotechnology – 0.5%
Amgen, Inc.
692,951
2,778,583
3,471,534
Total Banks
Beverages – 2.7%
Beam, Inc.
Coca-Cola Co. (The)
Coca-Cola Enterprises, Inc.
PepsiCo, Inc.
1,452,597
780,665
2,233,262
Total Automobiles
Banks – 5.9%
Bank of America Corp.
BB&T Corp.
CIT Group, Inc.
Citigroup, Inc.
Fifth Third Bancorp
JPMorgan Chase & Co.
KeyCorp
M&T Bank Corp.
PNC Financial Services Group, Inc.
Regions Financial Corp.
SunTrust Banks, Inc.
U.S. Bancorp
Wells Fargo & Co.
1,037,945
9,605,466
10,643,411
Total Auto Components
Automobiles – 0.5%
Ford Motor Co.
Harley-Davidson, Inc.
7,798,325
5,253,647
8,475,203
11,096,566
3,459,945
105,148
4,498,403
13,161,792
Investments
Shares
Capital Markets – 1.8%
Ameriprise Financial, Inc.
Bank of New York Mellon Corp. (The)
BlackRock, Inc.
Charles Schwab Corp. (The)
Franklin Resources, Inc.
Goldman Sachs Group, Inc. (The)
Morgan Stanley
Northern Trust Corp.
State Street Corp.
T. Rowe Price Group, Inc.
TD Ameritrade Holding Corp.
20,915
115,995
20,797
69,736
25,720
32,897
71,331
28,494
36,831
27,294
50,314
Total Capital Markets
7,830
98,639
Total Airlines
Auto Components – 0.2%
BorgWarner, Inc.
Johnson Controls, Inc.
$
53,849,029
Total Air Freight & Logistics
Airlines – 0.1%
Delta Air Lines, Inc.
Southwest Airlines Co.
Value
1,031,754
27,152,851
1,340,098
20,344,190
49,868,893
71,460
8,813,876
Value
$
2,302,114
4,093,464
6,540,240
1,905,885
1,393,510
5,390,174
2,223,387
1,868,067
2,561,596
2,247,661
1,708,160
32,234,258
Chemicals – 2.4%
Air Products & Chemicals, Inc.
CF Industries Holdings, Inc.
Dow Chemical Co. (The)
E.I. du Pont de Nemours & Co.
Eastman Chemical Co.
Ecolab, Inc.
FMC Corp.
Monsanto Co.
Mosaic Co. (The)
PPG Industries, Inc.
Praxair, Inc.
Sherwin-Williams Co. (The)
Sigma-Aldrich Corp.
31,718
5,629
204,432
153,628
14,038
15,243
5,596
45,320
37,540
10,764
31,996
6,392
6,996
Total Chemicals
3,775,711
1,467,143
9,933,351
10,308,439
1,210,216
1,646,092
428,430
5,156,056
1,877,000
2,082,403
4,190,516
1,260,055
653,286
43,988,698
Commercial Services & Supplies – 0.3%
Republic Services, Inc.
Waste Management, Inc.
64,512
89,102
Total Commercial Services & Supplies
Communications Equipment – 2.1%
Cisco Systems, Inc.
Motorola Solutions, Inc.
QUALCOMM, Inc.
5,952,251
982,496
27,941
182,886
Total Communications Equipment
Construction & Engineering – 0.0%
Fluor Corp.
Consumer Finance – 0.7%
American Express Co.
Capital One Financial Corp.
Discover Financial Services
SLM Corp.
2,203,730
3,748,521
22,017,735
1,796,327
14,422,390
38,236,452
7,722
600,231
65,761
52,439
39,512
57,769
5,920,463
4,046,193
2,299,203
1,414,185
Total Consumer Finance
13,680,044
Distributors – 0.1%
Genuine Parts Co.
23,197
2,014,660
Diversified Financial Services – 0.4%
CME Group, Inc.
Leucadia National Corp.
McGraw Hill Financial, Inc.
41,185
18,074
23,405
3,048,102
506,072
1,785,801
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 31
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2014
Investments
Moody’s Corp.
Shares
16,254
Total Diversified Financial Services
$
Value
Investments
Shares
1,289,267
Hormel Foods Corp.
J.M. Smucker Co. (The)
Kellogg Co.
Kraft Foods Group, Inc.
Mead Johnson Nutrition Co.
Mondelez International, Inc. Class A
23,007
13,696
62,572
134,603
19,070
162,156
6,629,242
Diversified Telecommunication Services – 5.3%
AT&T, Inc.
1,574,426
CenturyLink, Inc.
228,618
Verizon Communications, Inc.
712,598
55,215,120
7,507,815
33,898,287
Total Diversified Telecommunication Services
96,621,222
Electric Utilities – 3.8%
American Electric Power Co., Inc.
Duke Energy Corp.
Edison International
Entergy Corp.
Exelon Corp.
FirstEnergy Corp.
NextEra Energy, Inc.
Northeast Utilities
PPL Corp.
Southern Co. (The)
Xcel Energy, Inc.
119,085
179,755
54,187
54,030
219,292
162,509
77,334
62,641
177,047
247,370
111,490
Total Electric Utilities
Electrical Equipment – 0.5%
AMETEK, Inc.
Emerson Electric Co.
Rockwell Automation, Inc.
Roper Industries, Inc.
6,032,846
12,802,151
3,067,526
3,611,906
7,359,440
5,530,181
7,394,677
2,850,166
5,867,338
10,869,438
3,384,836
6,579
103,420
16,495
2,587
Total Electrical Equipment
Total Food Products
Health Care Equipment & Supplies – 1.6%
Abbott Laboratories
Baxter International, Inc.
Becton Dickinson and Co.
C.R. Bard, Inc.
Medtronic, Inc.
St. Jude Medical, Inc.
Stryker Corp.
Zimmer Holdings, Inc.
338,753
6,908,456
2,054,452
345,391
9,647,052
Total Health Care Providers & Services
Electronic Equipment, Instruments & Components – 0.3%
Amphenol Corp. Class A
8,187
Corning, Inc.
190,622
750,338
3,968,750
Total Electronic Equipment, Instruments & Components
4,719,088
Energy Equipment & Services – 0.4%
Baker Hughes, Inc.
Halliburton Co.
National Oilwell Varco, Inc.
1,843,837
3,406,433
2,499,549
Hotels, Restaurants & Leisure – 2.1%
Las Vegas Sands Corp.
Marriott International, Inc. Class A
McDonald’s Corp.
Starbucks Corp.
Starwood Hotels & Resorts Worldwide, Inc.
Wynn Resorts Ltd.
Yum! Brands, Inc.
7,749,819
Total Hotels, Restaurants & Leisure
28,358
57,844
32,099
Total Energy Equipment & Services
Food & Staples Retailing – 3.2%
Costco Wholesale Corp.
CVS Caremark Corp.
Kroger Co. (The)
Sysco Corp.
Walgreen Co.
Wal-Mart Stores, Inc.
Whole Foods Market, Inc.
26,002
87,563
49,227
102,486
119,258
444,596
16,869
Total Food & Staples Retailing
Food Products – 2.0%
Archer-Daniels-Midland Co.
Campbell Soup Co.
ConAgra Foods, Inc.
General Mills, Inc.
Hershey Co. (The)
2,903,903
6,554,966
2,148,759
3,702,819
7,874,606
33,980,472
855,427
58,020,952
66,635
51,404
75,430
110,339
19,248
2,891,293
2,307,012
2,340,593
5,717,767
2,009,491
204,830
89,754
20,331
2,822
110,739
27,864
30,599
8,431
7,888,003
6,604,099
2,380,353
417,600
6,814,878
1,822,027
2,492,901
797,404
29,217,265
25,014
17,928
35,611
788
9,604
7,898
88,572
28,431
1,875,300
1,175,898
2,492,058
65,979
1,082,563
1,394,550
7,262,018
2,830,306
18,178,672
83,934
24,190
191,078
57,439
18,994
12,257
51,505
6,780,188
1,355,124
18,731,376
4,214,874
1,511,922
2,722,893
3,882,962
39,199,339
Household Durables – 0.1%
Whirlpool Corp.
7,221
1,079,251
Household Products – 2.9%
Clorox Co. (The)
Colgate-Palmolive Co.
Kimberly-Clark Corp.
Procter & Gamble Co. (The)
22,372
111,349
67,383
452,483
1,968,959
7,223,209
7,428,976
36,470,130
Total Household Products
53,091,274
Independent Power and Renewable Electricity Producers – 0.0%
AES Corp. (The)
59,361
Industrial Conglomerates – 2.8%
3M Co.
Danaher Corp.
General Electric Co.
Total Industrial Conglomerates
See Notes to Financial Statements.
32 WisdomTree Domestic Dividend Funds
1,133,555
1,331,799
3,923,890
7,551,228
1,585,480
5,602,490
36,394,598
Total Health Care Equipment & Supplies
Health Care Providers & Services – 1.0%
Aetna, Inc.
AmerisourceBergen Corp.
Cardinal Health, Inc.
Cigna Corp.
Humana, Inc.
McKesson Corp.
UnitedHealth Group, Inc.
WellPoint, Inc.
68,770,505
Value
$
72,294
5,235
1,599,573
847,675
9,807,404
392,625
41,412,945
51,612,974
Schedule of Investments (continued)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2014
Investments
Insurance – 2.1%
Aflac, Inc.
Allstate Corp. (The)
American International Group, Inc.
Chubb Corp. (The)
CNA Financial Corp.
Hartford Financial Services Group, Inc.
Lincoln National Corp.
Loews Corp.
Marsh & McLennan Cos., Inc.
MetLife, Inc.
Principal Financial Group, Inc.
Progressive Corp. (The)
Prudential Financial, Inc.
Travelers Cos., Inc. (The)
Shares
59,127
49,281
64,872
27,249
29,460
42,921
18,113
12,407
65,279
135,092
36,327
37,321
61,776
47,137
$
3,727,366
2,788,319
3,244,249
2,433,336
1,258,531
1,513,824
917,786
546,528
3,218,255
7,132,857
1,670,679
903,914
5,229,338
4,011,359
38,596,341
66,862
28,237
130,693
19,604
67,455
21,895
139,638
Total IT Services
15,692
11,793
877,497
1,417,990
2,295,487
98,069
19,569
49,565
15,954
5,780
52,529
28,095
12,578
22,000
Total Machinery
9,745,117
2,915,585
4,500,502
1,304,239
452,805
4,272,184
1,894,727
1,505,712
1,787,280
28,378,151
26,062
188,808
43,381
33,215
31,209
88,256
62,877
34,671
35,221
Metals & Mining – 0.8%
Freeport-McMoRan Copper & Gold, Inc.
Newmont Mining Corp.
Nucor Corp.
Southern Copper Corp.
1,610,632
9,444,176
2,115,258
2,411,409
4,281,251
5,765,764
2,010,178
1,078,961
2,993,433
209,293
96,669
51,705
88,153
Total Metals & Mining
31,732
41,206
21,598
96,791
Total Multiline Retail
6,921,320
2,265,921
2,613,171
2,566,134
1,802,378
2,443,104
1,348,795
5,856,823
11,451,100
88,200
73,839
115,033
39,777
54,857
113,326
128,665
39,723
2,089,458
3,961,462
8,166,193
2,955,033
1,949,069
4,895,683
4,907,283
3,843,598
32,767,779
Oil, Gas & Consumable Fuels – 10.3%
Anadarko Petroleum Corp.
Apache Corp.
Cabot Oil & Gas Corp.
Chesapeake Energy Corp.
Chevron Corp.
ConocoPhillips
Devon Energy Corp.
EOG Resources, Inc.
EQT Corp.
Exxon Mobil Corp.
Hess Corp.
Kinder Morgan, Inc.
Marathon Oil Corp.
Marathon Petroleum Corp.
Murphy Oil Corp.
Noble Energy, Inc.
Occidental Petroleum Corp.
ONEOK, Inc.
Phillips 66
Pioneer Natural Resources Co.
Range Resources Corp.
Spectra Energy Corp.
Valero Energy Corp.
Williams Cos., Inc. (The)
25,534
21,066
5,229
50,313
359,591
277,648
34,235
7,247
1,557
629,426
23,482
282,214
86,633
33,170
21,450
17,040
127,099
30,101
71,729
356
2,228
138,875
57,576
154,892
Total Oil, Gas & Consumable Fuels
Paper & Forest Products – 0.2%
International Paper Co.
8,602,000
14,366,546
Multiline Retail – 0.6%
Kohl’s Corp.
Macy’s, Inc.
Nordstrom, Inc.
Target Corp.
Total Multi-Utilities
Life Sciences Tools & Services – 0.1%
Agilent Technologies, Inc.
Thermo Fisher Scientific, Inc.
Value
$
40,313,062
42,474,288
2,426,134
Total Life Sciences Tools & Services
Total Media
5,165,758
1,509,268
25,157,096
1,464,419
2,873,583
4,726,255
1,577,909
60,487
Media – 2.2%
CBS Corp. Class B
Comcast Corp. Class A
Comcast Corp. Special Class A
Omnicom Group, Inc.
Time Warner Cable, Inc.
Time Warner, Inc.
Twenty-First Century Fox, Inc. Class A
Twenty-First Century Fox, Inc. Class B
Viacom, Inc. Class B
Shares
107,431
Multi-Utilities – 1.8%
CenterPoint Energy, Inc.
Consolidated Edison, Inc.
Dominion Resources, Inc.
DTE Energy Co.
NiSource, Inc.
PG&E Corp.
Public Service Enterprise Group, Inc.
Sempra Energy
Leisure Products – 0.1%
Mattel, Inc.
Machinery – 1.6%
Caterpillar, Inc.
Cummins, Inc.
Deere & Co.
Dover Corp.
Flowserve Corp.
Illinois Tool Works, Inc.
PACCAR, Inc.
Parker Hannifin Corp.
Stanley Black & Decker, Inc.
Investments
Walt Disney Co. (The)
Total Insurance
IT Services – 2.3%
Automatic Data Processing, Inc.
Fidelity National Information Services, Inc.
International Business Machines Corp.
MasterCard, Inc. Class A
Paychex, Inc.
Visa, Inc. Class A
Xerox Corp.
Value
2,164,262
1,747,425
177,158
1,289,019
42,758,966
19,532,537
2,291,348
1,421,644
150,982
61,482,332
1,946,188
9,169,133
3,077,204
2,887,117
1,348,347
1,210,521
12,111,264
1,783,484
5,527,437
66,622
184,857
5,130,043
3,057,286
6,285,517
186,800,693
70,547
3,236,696
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 33
Schedule of Investments (concluded)
WisdomTree LargeCap Dividend Fund (DLN)
March 31, 2014
Investments
Shares
Personal Products – 0.1%
Estee Lauder Cos., Inc. (The) Class A
Pharmaceuticals – 8.7%
AbbVie, Inc.
Allergan, Inc.
Bristol-Myers Squibb Co.
Eli Lilly & Co.
Johnson & Johnson
Merck & Co., Inc.
Pfizer, Inc.
Zoetis, Inc. Class A
14,608
267,953
3,834
248,576
248,800
459,154
586,503
1,180,872
22,366
Total Pharmaceuticals
Real Estate Investment Trusts (REITs) – 3.3%
American Tower Corp.
AvalonBay Communities, Inc.
Boston Properties, Inc.
Crown Castle International Corp.
Equity Residential
General Growth Properties, Inc.
HCP, Inc.
Health Care REIT, Inc.
Host Hotels & Resorts, Inc.
Prologis, Inc.
Public Storage
Simon Property Group, Inc.
Ventas, Inc.
Vornado Realty Trust
Weyerhaeuser Co.
$
976,983
13,772,784
475,799
12,913,523
14,644,368
45,102,698
33,295,775
37,929,609
647,272
158,781,828
31,983
26,100
21,899
35,856
61,928
141,161
146,950
91,425
109,082
85,314
35,839
54,445
77,226
34,566
92,365
Total Real Estate Investment Trusts (REITs)
Road & Rail – 1.0%
CSX Corp.
Kansas City Southern
Norfolk Southern Corp.
Union Pacific Corp.
Value
2,618,448
3,427,452
2,508,092
2,645,456
3,591,205
3,105,542
5,700,190
5,448,930
2,207,820
3,483,371
6,038,513
8,928,980
4,677,579
3,406,825
2,710,913
60,499,316
124,810
4,521
40,729
50,793
3,615,746
461,413
3,957,637
9,531,814
Total Road & Rail
17,566,610
Semiconductors & Semiconductor Equipment – 2.6%
Altera Corp.
34,029
Analog Devices, Inc.
48,217
Applied Materials, Inc.
162,075
Broadcom Corp. Class A
44,116
Intel Corp.
1,015,857
KLA-Tencor Corp.
27,299
Texas Instruments, Inc.
173,122
Xilinx, Inc.
32,992
1,233,211
2,562,251
3,309,572
1,388,772
26,219,269
1,887,453
8,162,702
1,790,476
Total Semiconductors & Semiconductor Equipment
46,553,706
Software – 4.5%
Activision Blizzard, Inc.
CA, Inc.
Intuit, Inc.
Microsoft Corp.
Oracle Corp.
45,264
79,728
16,773
1,456,440
361,566
925,196
2,469,176
1,303,765
59,699,476
14,791,665
Investments
Shares
Symantec Corp.
99,631
Total Software
Specialty Retail – 1.5%
Best Buy Co., Inc.
Gap, Inc. (The)
Home Depot, Inc. (The)
L Brands, Inc.
Lowe’s Cos., Inc.
Ross Stores, Inc.
Staples, Inc.
Tiffany & Co.
TJX Cos., Inc. (The)
Tractor Supply Co.
1,989,631
81,178,909
30,633
54,757
158,643
31,723
89,742
11,475
115,868
10,532
37,880
5,377
809,018
2,193,565
12,553,421
1,800,915
4,388,384
821,036
1,313,943
907,332
2,297,422
379,777
Total Specialty Retail
27,464,813
Technology Hardware, Storage & Peripherals – 4.3%
Apple, Inc.
113,166
EMC Corp.
200,550
Hewlett-Packard Co.
235,172
NetApp, Inc.
28,205
SanDisk Corp.
16,360
Western Digital Corp.
20,024
60,740,719
5,497,075
7,610,166
1,040,764
1,328,268
1,838,604
Total Technology Hardware, Storage & Peripherals
78,055,596
Textiles, Apparel & Luxury Goods – 0.5%
Coach, Inc.
NIKE, Inc. Class B
PVH Corp.
Ralph Lauren Corp.
VF Corp.
38,437
43,953
482
3,241
44,294
Total Textiles, Apparel & Luxury Goods
Tobacco – 3.7%
Altria Group, Inc.
Lorillard, Inc.
Philip Morris International, Inc.
Reynolds American, Inc.
Trading Companies & Distributors – 0.2%
Fastenal Co.
W.W. Grainger, Inc.
574,452
92,826
400,038
159,089
35,006
5,823
NET ASSETS – 100.0%
(a)
Affiliated company (See Note 7).
1,726,496
1,471,239
3,197,735
TOTAL COMMON STOCKS
(Cost: $1,502,144,346)
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $1,503,268,197)
Other Assets in Excess of Liabilities – 0.2%
21,501,738
5,020,030
32,751,111
8,498,535
67,771,414
Total Trading Companies & Distributors
EXCHANGE-TRADED FUND – 0.0%
WisdomTree Total Dividend Fund(a)
(Cost: $1,123,851)
1,908,781
3,246,369
60,139
521,574
2,740,913
8,477,776
Total Tobacco
See Notes to Financial Statements.
34 WisdomTree Domestic Dividend Funds
Value
$
1,817,574,061
16,719
1,140,905
1,818,714,966
3,170,994
$1,821,885,960
Schedule of Investments
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2014
Investments
UNITED STATES – 99.9%
COMMON STOCKS – 99.7%
Aerospace & Defense – 3.5%
General Dynamics Corp.
Lockheed Martin Corp.
Raytheon Co.
Shares
104,089
102,510
110,534
Total Aerospace & Defense
Air Freight & Logistics – 0.8%
United Parcel Service, Inc. Class B
Value
$
11,337,374
16,733,732
10,919,654
38,990,760
91,049
8,866,352
Beverages – 1.2%
Dr. Pepper Snapple Group, Inc.
247,117
13,457,992
Chemicals – 5.4%
Air Products & Chemicals, Inc.
CF Industries Holdings, Inc.
Dow Chemical Co. (The)
E.I. du Pont de Nemours & Co.
Mosaic Co. (The)
Praxair, Inc.
92,998
30,774
281,041
179,474
177,993
57,920
11,070,482
8,020,935
13,655,782
12,042,706
8,899,650
7,585,782
Total Chemicals
Commercial Services & Supplies – 2.1%
Republic Services, Inc.
Waste Management, Inc.
61,275,337
345,524
283,927
Total Commercial Services & Supplies
11,803,100
11,944,809
23,747,909
Communications Equipment – 1.2%
Cisco Systems, Inc.
579,214
12,980,186
Distributors – 0.9%
Genuine Parts Co.
121,579
10,559,136
Diversified Consumer Services – 1.0%
H&R Block, Inc.
383,970
11,592,054
Diversified Telecommunication Services – 5.6%
AT&T, Inc.
CenturyLink, Inc.
Verizon Communications, Inc.
570,195
815,673
332,409
239,042
322,152
609,412
733,841
614,949
446,386
Total Electric Utilities
Electrical Equipment – 0.9%
Emerson Electric Co.
Energy Equipment & Services – 2.8%
Diamond Offshore Drilling, Inc.
Helmerich & Payne, Inc.
Total Energy Equipment & Services
Shares
Food & Staples Retailing – 1.1%
Sysco Corp.
351,516
Food Products – 2.4%
ConAgra Foods, Inc.
Kraft Foods Group, Inc.
363,630
283,697
Total Food Products
393,508
120,150
$
12,700,273
11,283,439
15,915,402
Health Care Equipment & Supplies – 2.5%
Abbott Laboratories
Baxter International, Inc.
ResMed, Inc.
234,561
164,810
162,890
Total Health Care Equipment & Supplies
9,032,944
12,126,720
7,279,554
28,439,218
Health Care Providers & Services – 0.7%
Quest Diagnostics, Inc.
137,579
7,968,576
Hotels, Restaurants & Leisure – 3.5%
Darden Restaurants, Inc.
McDonald’s Corp.
Wynn Resorts Ltd.
301,617
132,298
48,617
15,310,079
12,969,173
10,800,267
Total Hotels, Restaurants & Leisure
Household Products – 2.0%
Clorox Co. (The)
Kimberly-Clark Corp.
39,079,519
125,371
107,623
Total Household Products
11,033,901
11,865,436
22,899,337
Industrial Conglomerates – 0.9%
General Electric Co.
392,049
10,150,149
IT Services – 2.0%
Paychex, Inc.
Western Union Co. (The)
287,155
643,084
12,232,803
10,520,854
22,753,657
Leisure Products – 0.9%
Mattel, Inc.
266,499
10,689,275
19,996,739
26,786,701
15,812,696
Machinery – 1.9%
Caterpillar, Inc.
Deere & Co.
124,215
105,287
12,343,245
9,560,060
62,596,136
Total Machinery
17,024,571
21,535,861
20,451,867
24,972,609
20,379,410
19,614,201
123,978,519
143,774
Value
27,198,841
Total IT Services
Total Diversified Telecommunication Services
Electric Utilities – 11.0%
Duke Energy Corp.
Entergy Corp.
Exelon Corp.
FirstEnergy Corp.
PPL Corp.
Southern Co. (The)
Investments
9,604,103
19,187,450
12,923,334
32,110,784
21,903,305
Metals & Mining – 3.0%
Freeport-McMoRan Copper & Gold, Inc.
Newmont Mining Corp.
Nucor Corp.
373,623
470,782
204,557
Total Metals & Mining
33,729,154
Multiline Retail – 1.8%
Kohl’s Corp.
Target Corp.
183,099
155,197
Total Multiline Retail
10,400,023
9,390,971
19,790,994
Multi-Utilities – 6.4%
Ameren Corp.
Consolidated Edison, Inc.
PG&E Corp.
Public Service Enterprise Group, Inc.
Total Multi-Utilities
12,355,713
11,035,130
10,338,311
465,218
294,723
414,021
506,230
19,166,982
15,811,889
17,885,707
19,307,612
72,172,190
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 35
Schedule of Investments (concluded)
WisdomTree Dividend ex-Financials Fund (DTN)
March 31, 2014
Investments
Oil, Gas & Consumable Fuels – 9.5%
Chevron Corp.
ConocoPhillips
Exxon Mobil Corp.
HollyFrontier Corp.
Kinder Morgan, Inc.
Occidental Petroleum Corp.
Spectra Energy Corp.
Williams Cos., Inc. (The)
Shares
105,138
206,757
103,813
204,241
521,089
109,163
408,090
435,578
Total Oil, Gas & Consumable Fuels
Value
$
12,501,959
14,545,355
10,140,454
9,717,787
16,930,182
10,402,142
15,074,844
17,675,755
106,988,478
Paper & Forest Products – 1.0%
International Paper Co.
239,731
10,998,858
Pharmaceuticals – 7.0%
AbbVie, Inc.
Bristol-Myers Squibb Co.
Eli Lilly & Co.
Johnson & Johnson
Merck & Co., Inc.
Pfizer, Inc.
234,315
192,676
290,544
115,824
281,058
373,561
12,043,791
10,009,518
17,101,420
11,377,392
15,955,663
11,998,779
Total Pharmaceuticals
98,657
7,278,913
Semiconductors & Semiconductor Equipment – 6.1%
Intel Corp.
562,146
KLA-Tencor Corp.
175,625
Maxim Integrated Products, Inc.
476,274
Microchip Technology, Inc.
294,018
Texas Instruments, Inc.
249,647
14,508,988
12,142,712
15,774,195
14,042,300
11,770,856
Total Semiconductors & Semiconductor Equipment
68,239,051
Software – 2.1%
CA, Inc.
Microsoft Corp.
11,146,413
12,646,972
359,910
308,538
Total Software
18,289
16,124
TOTAL EXCHANGE-TRADED FUNDS
(Cost: $2,425,612)
TOTAL INVESTMENTS IN SECURITIES – 99.9%
(Cost: $983,111,170)
Other Assets in Excess of Liabilities – 0.1%
NET ASSETS – 100.0%
(a)
Affiliated company (See Note 7).
23,793,385
Specialty Retail – 0.7%
Staples, Inc.
744,360
8,441,042
Textiles, Apparel & Luxury Goods – 0.8%
Coach, Inc.
172,649
8,573,749
Tobacco – 6.4%
Altria Group, Inc.
Lorillard, Inc.
Philip Morris International, Inc.
Reynolds American, Inc.
511,065
321,969
185,283
377,718
19,129,163
17,412,083
15,169,119
20,177,696
TOTAL COMMON STOCKS
(Cost: $980,685,558)
Shares
EXCHANGE-TRADED FUNDS – 0.2%
WisdomTree LargeCap Dividend Fund(a)
WisdomTree MidCap Dividend Fund(a)
78,486,563
Real Estate Investment Trusts (REITs) – 0.6%
Crown Castle International Corp.
Total Tobacco
Investments
71,888,061
1,123,921,856
See Notes to Financial Statements.
36 WisdomTree Domestic Dividend Funds
Value
$
1,237,251
1,241,709
2,478,960
1,126,400,816
1,411,211
$1,127,812,027
Schedule of Investments
WisdomTree MidCap Dividend Fund (DON)
March 31, 2014
Investments
UNITED STATES – 99.7%
COMMON STOCKS – 99.5%
Aerospace & Defense – 1.6%
Alliant Techsystems, Inc.
Exelis, Inc.
Huntington Ingalls Industries, Inc.
L-3 Communications Holdings, Inc.
Rockwell Collins, Inc.
Textron, Inc.
Triumph Group, Inc.
Shares
7,071
109,504
12,134
49,185
59,173
18,005
2,912
Total Aerospace & Defense
Air Freight & Logistics – 0.8%
C.H. Robinson Worldwide, Inc.
Expeditors International of Washington, Inc.
Value
$
1,005,142
2,081,671
1,240,823
5,811,208
4,714,313
707,416
188,057
15,748,630
5,184,934
3,001,338
8,186,272
Airlines – 0.2%
Alaska Air Group, Inc.
20,586
1,920,880
Auto Components – 0.9%
Allison Transmission Holdings, Inc.
Dana Holding Corp.
Gentex Corp.
Goodyear Tire & Rubber Co. (The)
Lear Corp.
84,305
40,738
63,969
57,255
17,891
2,524,092
947,973
2,016,943
1,496,073
1,497,835
Total Auto Components
Banks – 2.8%
Associated Banc-Corp.
Bank of Hawaii Corp.
BankUnited, Inc.
BOK Financial Corp.
CapitalSource, Inc.
City National Corp.
Comerica, Inc.
Commerce Bancshares, Inc.
Cullen/Frost Bankers, Inc.
East West Bancorp, Inc.
First Horizon National Corp.
First Niagara Financial Group, Inc.
First Republic Bank
FirstMerit Corp.
Hancock Holding Co.
Huntington Bancshares, Inc.
Investors Bancorp, Inc.
Prosperity Bancshares, Inc.
Synovus Financial Corp.
TCF Financial Corp.
UMB Financial Corp.
Webster Financial Corp.
Zions Bancorp.
Total Banks
Shares
Beverages – 2.1%
Brown-Forman Corp. Class A
Brown-Forman Corp. Class B
Dr. Pepper Snapple Group, Inc.
Molson Coors Brewing Co. Class B
23,309
46,590
166,380
97,313
Total Beverages
8,482,916
23,831
1,455,121
54,380
21,995
41,604
28,076
8,595
11,220
43,051
29,430
27,087
38,485
68,008
168,213
19,609
78,070
35,172
283,367
14,805
16,181
179,396
33,039
9,633
28,819
16,161
982,103
1,333,117
1,446,571
1,938,648
125,401
883,238
2,230,042
1,366,141
2,100,055
1,404,702
839,219
1,589,613
1,058,690
1,626,198
1,289,054
2,825,169
409,210
1,070,373
608,152
550,430
623,255
895,118
500,668
27,695,167
Value
$
2,072,870
4,178,657
9,061,055
5,727,843
21,040,425
Building Products – 0.7%
A.O. Smith Corp.
Fortune Brands Home & Security, Inc.
Lennox International, Inc.
Masco Corp.
18,280
39,937
14,628
130,123
Total Building Products
98,968
75,734
Total Air Freight & Logistics
Automobiles – 0.2%
Thor Industries, Inc.
Investments
841,246
1,680,549
1,329,831
2,890,032
6,741,658
Capital Markets – 1.0%
Eaton Vance Corp.
Federated Investors, Inc. Class B
Financial Engines, Inc.
Legg Mason, Inc.
LPL Financial Holdings, Inc.
Raymond James Financial, Inc.
SEI Investments Co.
Waddell & Reed Financial, Inc. Class A
40,351
60,761
2,327
23,041
27,240
24,848
31,341
24,294
Total Capital Markets
1,539,794
1,855,641
118,165
1,129,931
1,431,190
1,389,749
1,053,371
1,788,524
10,306,365
Chemicals – 4.2%
Airgas, Inc.
Albemarle Corp.
Ashland, Inc.
Axiall Corp.
Cabot Corp.
Celanese Corp. Series A
Cytec Industries, Inc.
H.B. Fuller Co.
Huntsman Corp.
International Flavors & Fragrances, Inc.
NewMarket Corp.
PolyOne Corp.
Rockwood Holdings, Inc.
RPM International, Inc.
Scotts Miracle-Gro Co. (The) Class A
Sensient Technologies Corp.
Valhi, Inc.
Valspar Corp.
Westlake Chemical Corp.
34,313
32,167
29,349
24,719
26,877
54,908
5,224
10,663
133,248
39,029
4,654
17,840
49,474
83,644
46,348
24,539
118,628
29,819
26,986
Total Chemicals
3,654,678
2,136,532
2,919,639
1,110,377
1,587,356
3,047,943
509,915
514,810
3,253,916
3,733,904
1,818,690
654,014
3,680,866
3,499,665
2,840,205
1,384,245
1,046,299
2,150,546
1,785,933
41,329,533
Commercial Services & Supplies – 2.6%
ADT Corp. (The)
Cintas Corp.
Iron Mountain, Inc.
KAR Auction Services, Inc.
Pitney Bowes, Inc.
R.R. Donnelley & Sons Co.
Rollins, Inc.
Waste Connections, Inc.
Total Commercial Services & Supplies
69,423
43,437
185,988
129,590
179,812
269,923
46,308
34,516
2,079,219
2,589,280
5,127,689
3,933,056
4,673,314
4,831,622
1,400,354
1,513,872
26,148,406
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 37
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2014
Investments
Shares
Communications Equipment – 0.5%
Harris Corp.
70,298
Construction & Engineering – 0.3%
EMCOR Group, Inc.
KBR, Inc.
URS Corp.
10,530
41,743
31,847
6,969
20,136
2,561
Diversified Consumer Services – 1.0%
Graham Holdings Co. Class B
H&R Block, Inc.
Service Corp. International
Sotheby’s
26,431
59,771
38,608
70,153
128,238
66,039
25,603
83,344
19,496
81,188
1,747,089
3,028,597
2,116,104
2,752,804
4,826,878
4,647,164
2,702,909
2,739,517
965,442
3,330,332
975,049
2,488
204,790
89,111
14,072
1,750,930
6,182,610
1,771,527
612,836
10,317,903
19,095
4,564
4,793
35,746
1,080,777
165,536
283,841
1,320,457
2,850,611
2,238,857
1,916,059
Total Diversified Telecommunication Services
Electric Utilities – 3.9%
Cleco Corp.
Great Plains Energy, Inc.
Hawaiian Electric Industries, Inc.
IDACORP, Inc.
ITC Holdings Corp.
OGE Energy Corp.
Pepco Holdings, Inc.
Pinnacle West Capital Corp.
617,871
2,584,456
170,178
15,901
Total Diversified Financial Services
Diversified Telecommunication Services – 2.9%
Frontier Communications Corp.
Windstream Holdings, Inc.
492,699
1,113,703
1,498,720
28,856,836
Total Diversified Consumer Services
Diversified Financial Services – 0.3%
CBOE Holdings, Inc.
ING US, Inc.
MarketAxess Holdings, Inc.
NASDAQ OMX Group, Inc. (The)
5,143,001
3,372,505
Total Containers & Packaging
Distributors – 0.1%
Pool Corp.
$
3,105,122
Total Construction Materials
Containers & Packaging – 2.9%
AptarGroup, Inc.
Avery Dennison Corp.
Ball Corp.
Bemis Co., Inc.
MeadWestvaco Corp.
Packaging Corp. of America
Rock-Tenn Co. Class A
Sealed Air Corp.
Silgan Holdings, Inc.
Sonoco Products Co.
Investments
Westar Energy, Inc.
Total Construction & Engineering
Construction Materials – 0.3%
Eagle Materials, Inc.
Martin Marietta Materials, Inc.
Vulcan Materials Co.
Value
12,761,485
15,788,326
28,549,811
49,281
153,424
126,630
42,155
73,515
129,369
376,372
122,723
2,492,633
4,148,585
3,218,935
2,338,338
2,745,785
4,755,604
7,708,099
6,708,039
Total Electric Utilities
Electrical Equipment – 0.7%
Acuity Brands, Inc.
Babcock & Wilcox Co. (The)
EnerSys
Hubbell, Inc. Class B
Regal-Beloit Corp.
Value
$
5,053,160
39,169,178
5,524
34,355
9,007
25,770
13,009
732,317
1,140,586
624,095
3,089,050
945,884
Total Electrical Equipment
6,531,932
Electronic Equipment, Instruments & Components – 1.0%
Avnet, Inc.
51,751
Belden, Inc.
3,142
CDW Corp.
34,414
Cognex Corp.*
13,983
FEI Co.
5,870
FLIR Systems, Inc.
47,070
Jabil Circuit, Inc.
109,019
National Instruments Corp.
60,842
2,407,974
218,683
944,320
473,464
604,727
1,694,520
1,962,342
1,745,557
Total Electronic Equipment, Instruments & Components
10,051,587
Energy Equipment & Services – 2.8%
Bristow Group, Inc.
CARBO Ceramics, Inc.
Diamond Offshore Drilling, Inc.
Helmerich & Payne, Inc.
Oceaneering International, Inc.
Patterson-UTI Energy, Inc.
RPC, Inc.
Tidewater, Inc.
960,841
868,923
11,182,570
7,399,375
2,304,766
952,269
2,674,019
1,128,616
12,723
6,297
229,339
68,793
32,073
30,059
130,951
23,213
Total Energy Equipment & Services
Food & Staples Retailing – 0.7%
Casey’s General Stores, Inc.
PriceSmart, Inc.
Safeway, Inc.
27,471,379
10,129
4,126
154,899
Total Food & Staples Retailing
Food Products – 1.7%
Flowers Foods, Inc.
Hillshire Brands Co.
Ingredion, Inc.
McCormick & Co., Inc.
Pinnacle Foods, Inc.
Seaboard Corp.*
Tyson Foods, Inc. Class A
Gas Utilities – 2.3%
AGL Resources, Inc.
Atmos Energy Corp.
National Fuel Gas Co.
Piedmont Natural Gas Co., Inc.
Questar Corp.
UGI Corp.
Total Gas Utilities
684,619
416,437
5,721,969
6,823,025
112,480
68,982
46,124
63,056
83,742
32
43,966
Total Food Products
See Notes to Financial Statements.
38 WisdomTree Domestic Dividend Funds
Shares
143,719
2,412,696
2,570,269
3,140,122
4,523,638
2,500,536
83,886
1,934,944
17,166,091
127,071
78,638
47,203
75,341
147,133
84,263
6,221,396
3,706,209
3,306,098
2,666,318
3,498,823
3,843,235
23,242,079
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2014
Investments
Health Care Equipment & Supplies – 0.8%
Cooper Cos., Inc. (The)
DENTSPLY International, Inc.
ResMed, Inc.
STERIS Corp.
Teleflex, Inc.
West Pharmaceutical Services, Inc.
Shares
694
19,290
82,111
27,764
15,535
15,128
Total Health Care Equipment & Supplies
Health Care Providers & Services – 1.1%
HealthSouth Corp.
Omnicare, Inc.
Patterson Cos., Inc.
Quest Diagnostics, Inc.
Universal Health Services, Inc. Class B
47,441
25,252
43,650
86,017
6,009
36,701
120,554
15,862
23,226
16,997
143,391
16,714
45,271
157,446
66,557
132,471
10,388
242,853
55,197
1,704,555
1,506,787
1,822,824
4,982,105
493,158
1,924,967
3,200,709
755,507
1,068,396
1,652,788
7,278,527
1,286,477
2,271,699
2,213,691
2,012,018
5,318,711
724,044
2,214,819
4,042,076
35,964,429
63,697
25,135
147,578
18,099
142,827
110,311
35,807
Total Household Durables
Household Products – 0.9%
Church & Dwight Co., Inc.
Energizer Holdings, Inc.
Spectrum Brands Holdings, Inc.
95,328
888,112
3,669,541
1,325,731
1,665,973
666,388
10,509,429
Total Hotels, Restaurants & Leisure
Household Durables – 1.9%
D.R. Horton, Inc.
Harman International Industries, Inc.
Leggett & Platt, Inc.
Lennar Corp. Class A
Newell Rubbermaid, Inc.
PulteGroup, Inc.
Tupperware Brands Corp.
$
8,311,073
Total Health Care Providers & Services
Hotels, Restaurants & Leisure – 3.6%
Brinker International, Inc.
Burger King Worldwide, Inc.
Cheesecake Factory, Inc. (The)
Choice Hotels International, Inc.
Cracker Barrel Old Country Store, Inc.
Darden Restaurants, Inc.
Domino’s Pizza, Inc.
Dunkin’ Brands Group, Inc.
International Game Technology
SeaWorld Entertainment, Inc.
Six Flags Entertainment Corp.
Vail Resorts, Inc.
Wendy’s Co. (The)
Wyndham Worldwide Corp.
Value
1,379,040
2,674,364
4,816,946
717,082
4,270,527
2,116,868
2,999,194
18,974,021
61,730
30,277
19,670
4,263,691
3,050,105
1,567,699
Total Household Products
8,881,495
Independent Power and Renewable Electricity Producers – 0.5%
NRG Energy, Inc.
146,107
4,646,203
Industrial Conglomerates – 0.2%
Carlisle Cos., Inc.
18,890
1,498,733
Insurance – 3.5%
American Financial Group, Inc.
22,442
1,295,128
Investments
Shares
American National Insurance Co.
AmTrust Financial Services, Inc.
Arthur J. Gallagher & Co.
Assurant, Inc.
Brown & Brown, Inc.
Cincinnati Financial Corp.
CNO Financial Group, Inc.
Erie Indemnity Co. Class A
Fidelity National Financial, Inc. Class A
First American Financial Corp.
Hanover Insurance Group, Inc. (The)
HCC Insurance Holdings, Inc.
Mercury General Corp.
Old Republic International Corp.
ProAssurance Corp.
Protective Life Corp.
Reinsurance Group of America, Inc.
StanCorp Financial Group, Inc.
Torchmark Corp.
Unum Group
W.R. Berkley Corp.
11,794
23,154
65,198
17,760
30,990
86,371
24,790
24,560
100,010
29,253
15,918
31,949
44,638
185,233
21,009
20,282
17,885
12,056
12,892
71,075
20,196
Total Insurance
1,333,312
870,822
3,102,121
1,153,690
953,252
4,202,813
448,699
1,713,306
3,144,314
776,667
978,002
1,453,360
2,012,281
3,037,821
935,531
1,066,630
1,424,183
805,341
1,014,600
2,509,658
840,557
35,072,088
Internet & Catalog Retail – 0.3%
Expedia, Inc.
HSN, Inc.
27,467
22,653
Total Internet & Catalog Retail
1,991,358
1,353,064
3,344,422
Internet Software & Services – 0.2%
IAC/InterActiveCorp
IT Services – 2.1%
Broadridge Financial Solutions, Inc.
Computer Sciences Corp.
DST Systems, Inc.
Global Payments, Inc.
Jack Henry & Associates, Inc.
Leidos Holdings, Inc.
MAXIMUS, Inc.
Total System Services, Inc.
Western Union Co. (The)
32,467
2,317,819
67,333
58,304
14,682
2,486
30,586
64,730
7,434
61,373
429,106
2,500,748
3,546,049
1,391,707
176,779
1,705,476
2,289,500
333,489
1,866,353
7,020,174
Total IT Services
20,830,275
Leisure Products – 1.0%
Brunswick Corp.
Hasbro, Inc.
Polaris Industries, Inc.
20,767
104,615
21,843
Total Leisure Products
940,537
5,818,686
3,051,686
9,810,909
Life Sciences Tools & Services – 0.2%
PerkinElmer, Inc.
Techne Corp.
20,497
12,966
Total Life Sciences Tools & Services
Machinery – 3.6%
Actuant Corp. Class A
AGCO Corp.
Value
$
923,595
1,106,907
2,030,502
2,574
17,942
87,902
989,681
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 39
Schedule of Investments (continued)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2014
Investments
Shares
CLARCOR, Inc.
Crane Co.
Donaldson Co., Inc.
Graco, Inc.
IDEX Corp.
ITT Corp.
Joy Global, Inc.
Kennametal, Inc.
Lincoln Electric Holdings, Inc.
Manitowoc Co., Inc. (The)
Nordson Corp.
Oshkosh Corp.
Pall Corp.
Snap-on, Inc.
SPX Corp.
Timken Co. (The)
Toro Co. (The)
Trinity Industries, Inc.
Valmont Industries, Inc.
Wabtec Corp.
Woodward, Inc.
Xylem, Inc.
14,205
27,475
46,557
21,006
27,187
22,382
36,164
29,217
27,762
12,568
16,664
27,131
38,490
25,231
12,518
45,085
13,589
22,523
4,844
5,448
12,891
65,088
Total Machinery
Media – 2.3%
Cablevision Systems Corp. Class A
Cinemark Holdings, Inc.
Gannett Co., Inc.
Interpublic Group of Cos., Inc. (The)
John Wiley & Sons, Inc. Class A
Morningstar, Inc.
Regal Entertainment Group Class A
Scripps Networks Interactive, Inc. Class A
Viacom, Inc. Class A
205,653
92,435
176,857
203,041
24,484
7,679
152,612
21,125
19,288
344,477
62,109
16,494
100,084
36,404
30,216
140,069
27,765
26,064
CMS Energy Corp.
Integrys Energy Group, Inc.
MDU Resources Group, Inc.
SCANA Corp.
TECO Energy, Inc.
Vectren Corp.
Wisconsin Energy Corp.
3,469,366
2,681,539
4,881,253
3,480,123
1,411,258
606,794
2,850,792
1,603,599
1,644,495
4,433,419
2,340,267
1,089,264
2,047,718
2,572,307
1,892,126
2,491,827
766,592
996,948
18,630,468
2,782
49,546
Total Multiline Retail
Multi-Utilities – 6.3%
Alliant Energy Corp.
Ameren Corp.
Investments
814,657
1,954,846
1,974,017
1,569,989
1,981,660
957,054
2,097,512
1,294,313
1,999,142
395,264
1,174,645
1,597,202
3,443,700
2,863,214
1,230,644
2,650,096
858,689
1,623,233
720,981
422,220
535,363
2,370,505
22,629,219
Total Metals & Mining
Multiline Retail – 0.3%
Dillard’s, Inc. Class A
Family Dollar Stores, Inc.
Value
35,606,529
Total Media
Metals & Mining – 1.9%
Alcoa, Inc.
Allegheny Technologies, Inc.
Carpenter Technology Corp.
Cliffs Natural Resources, Inc.
Reliance Steel & Aluminum Co.
Royal Gold, Inc.
Steel Dynamics, Inc.
United States Steel Corp.
Worthington Industries, Inc.
$
257,057
2,874,163
3,131,220
106,315
284,585
6,039,755
11,724,902
Total Multi-Utilities
Oil, Gas & Consumable Fuels – 3.2%
Cimarex Energy Co.
CONSOL Energy, Inc.
CVR Energy, Inc.
Energen Corp.
HollyFrontier Corp.
Peabody Energy Corp.
QEP Resources, Inc.
SemGroup Corp. Class A
SM Energy Co.
Targa Resources Corp.
Tesoro Corp.
Western Refining, Inc.
World Fuel Services Corp.
Personal Products – 0.4%
Avon Products, Inc.
Nu Skin Enterprises, Inc. Class A
Value
$
7,865,809
6,269,692
4,112,225
8,151,566
5,072,558
3,477,743
10,216,189
62,930,439
12,837
80,007
169,587
16,337
130,838
129,109
12,462
15,671
2,205
30,834
61,116
46,417
6,659
Total Oil, Gas & Consumable Fuels
1,529,015
3,196,280
7,165,051
1,320,193
6,225,272
2,109,641
366,881
1,029,271
157,195
3,060,583
3,091,858
1,791,696
293,662
31,336,598
160,152
14,019
Total Personal Products
2,344,625
1,161,474
3,506,099
Pharmaceuticals – 0.2%
Questcor Pharmaceuticals, Inc.
35,027
2,274,303
Professional Services – 0.9%
Dun & Bradstreet Corp. (The)
Equifax, Inc.
Manpowergroup, Inc.
Robert Half International, Inc.
Towers Watson & Co. Class A
13,764
41,862
22,355
58,098
6,301
1,367,453
2,847,872
1,762,245
2,437,211
718,629
Total Professional Services
Real Estate Investment Trusts (REITs) – 15.9%
Alexandria Real Estate Equities, Inc.
American Campus Communities, Inc.
American Homes 4 Rent Class A
Apartment Investment & Management Co. Class A
BioMed Realty Trust, Inc.
BRE Properties, Inc.
Camden Property Trust
CBL & Associates Properties, Inc.
CommonWealth REIT
Corrections Corp. of America
DDR Corp.
Digital Realty Trust, Inc.
Douglas Emmett, Inc.
Duke Realty Corp.
EPR Properties
See Notes to Financial Statements.
40 WisdomTree Domestic Dividend Funds
Shares
268,641
105,108
119,855
158,838
295,776
88,290
219,467
9,133,410
49,060
74,369
37,554
87,357
157,545
34,823
60,089
140,257
82,272
109,480
206,759
139,322
77,311
243,047
51,456
3,559,794
2,777,682
627,527
2,639,928
3,228,097
2,186,188
4,046,393
2,489,562
2,163,754
3,428,914
3,407,388
7,395,212
2,098,221
4,102,633
2,747,236
Schedule of Investments (concluded)
WisdomTree MidCap Dividend Fund (DON)
March 31, 2014
Investments
Equity Lifestyle Properties, Inc.
Equity One, Inc.
Essex Property Trust, Inc.
Extra Space Storage, Inc.
Federal Realty Investment Trust
Highwoods Properties, Inc.
Home Properties, Inc.
Hospitality Properties Trust
Kilroy Realty Corp.
Kimco Realty Corp.
LaSalle Hotel Properties
Lexington Realty Trust
Liberty Property Trust
Macerich Co. (The)
Mid-America Apartment Communities, Inc.
National Retail Properties, Inc.
Omega Healthcare Investors, Inc.
Piedmont Office Realty Trust, Inc. Class A
Plum Creek Timber Co., Inc.
Rayonier, Inc.
Realty Income Corp.
Regency Centers Corp.
Retail Properties of America, Inc. Class A
RLJ Lodging Trust
Senior Housing Properties Trust
SL Green Realty Corp.
Spirit Realty Capital, Inc.
Tanger Factory Outlet Centers, Inc.
Taubman Centers, Inc.
UDR, Inc.
Weingarten Realty Investors
WP Carey, Inc.
Shares
37,542
77,349
20,234
72,855
32,068
68,314
48,057
168,354
36,471
291,462
58,740
234,787
130,920
94,747
55,475
101,837
124,911
126,637
109,266
93,900
182,990
59,223
195,223
67,129
208,227
33,347
322,852
43,035
31,326
162,294
85,601
60,742
Total Real Estate Investment Trusts (REITs)
Real Estate Management & Development – 0.0%
Jones Lang LaSalle, Inc.
Road & Rail – 0.6%
JB Hunt Transport Services, Inc.
Landstar System, Inc.
Ryder System, Inc.
$
Value
Investments
1,526,082
1,727,977
3,440,792
3,534,196
3,678,841
2,623,941
2,889,187
4,835,127
2,136,471
6,377,189
1,839,149
2,561,526
4,838,803
5,905,580
3,787,278
3,495,046
4,187,017
2,171,825
4,593,543
4,310,949
7,476,971
3,023,926
2,643,320
1,795,029
4,678,861
3,355,375
3,544,915
1,506,225
2,217,568
4,192,054
2,568,030
3,648,772
Specialty Retail – 2.5%
Abercrombie & Fitch Co. Class A
Advance Auto Parts, Inc.
American Eagle Outfitters, Inc.
Buckle, Inc. (The)
Chico’s FAS, Inc.
CST Brands, Inc.
Dick’s Sporting Goods, Inc.
DSW, Inc. Class A
Foot Locker, Inc.
GameStop Corp. Class A
GNC Holdings, Inc. Class A
Guess?, Inc.
Penske Automotive Group, Inc.
PetSmart, Inc.
Williams-Sonoma, Inc.
158,010,094
3,121
369,839
24,088
43,156
26,463
1,732,409
2,555,698
2,114,923
Total Road & Rail
6,403,030
Semiconductors & Semiconductor Equipment – 3.2%
Linear Technology Corp.
142,633
LSI Corp.
156,528
Maxim Integrated Products, Inc.
272,130
Microchip Technology, Inc.
173,891
NVIDIA Corp.
339,384
6,944,801
1,732,765
9,012,946
8,305,034
6,078,367
Total Semiconductors & Semiconductor Equipment
Software – 0.3%
FactSet Research Systems, Inc.
Mentor Graphics Corp.
Solera Holdings, Inc.
Total Software
32,073,913
Shares
50,418
4,301
179,370
19,811
50,061
14,161
23,288
22,400
77,870
68,335
25,515
56,984
34,820
29,823
52,473
Total Specialty Retail
1,572,193
499,942
1,134,103
12,974
30,504
19,310
Total Textiles, Apparel & Luxury Goods
Thrifts & Mortgage Finance – 1.2%
Hudson City Bancorp, Inc.
New York Community Bancorp, Inc.
People’s United Financial, Inc.
Trading Companies & Distributors – 0.4%
Air Lease Corp.
MSC Industrial Direct Co., Inc. Class A
Watsco, Inc.
149,492
434,491
227,907
Water Utilities – 0.9%
American Water Works Co., Inc.
Aqua America, Inc.
1,007,431
2,332,946
551,301
1,469,506
6,982,271
3,388,977
11,840,754
10,201
21,066
13,374
Total Trading Companies & Distributors
380,395
1,822,630
1,336,197
3,539,222
125,534
118,718
Total Water Utilities
5,699,244
2,976,260
8,675,504
Wireless Telecommunication Services – 0.2%
Telephone & Data Systems, Inc.
55,389
TOTAL COMMON STOCKS
(Cost: $830,697,148)
1,451,746
988,624,115
EXCHANGE-TRADED FUND – 0.2%
WisdomTree LargeCap Dividend Fund(a)
(Cost: $1,748,746)
TOTAL INVESTMENTS IN SECURITIES – 99.7%
(Cost: $832,445,894)
Other Assets in Excess of Liabilities – 0.3%
(a)
1,941,093
544,076
2,195,489
907,344
802,478
442,390
1,271,758
803,264
3,658,333
2,808,569
1,123,170
1,572,758
1,488,903
2,054,506
3,496,801
3,891,678
Total Thrifts & Mortgage Finance
*
$
25,110,932
Textiles, Apparel & Luxury Goods – 0.4%
Carter’s, Inc.
Hanesbrands, Inc.
Wolverine World Wide, Inc.
NET ASSETS – 100.0%
14,583
22,704
17,905
Value
26,815
1,814,035
990,438,150
2,709,437
$993,147,587
Non-income producing security.
Affiliated company (See Note 7).
3,206,238
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 41
Schedule of Investments
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.5%
Aerospace & Defense – 0.6%
AAR Corp.
American Science & Engineering, Inc.
Cubic Corp.
Curtiss-Wright Corp.
HEICO Corp.
HEICO Corp. Class A
National Presto Industries, Inc.
Shares
38,478
22,457
13,131
31,902
5,007
10,314
8,815
Total Aerospace & Defense
Value
$
998,504
1,508,437
670,600
2,027,053
301,221
447,731
687,923
6,641,469
Air Freight & Logistics – 0.1%
Forward Air Corp.
28,609
1,319,161
Airlines – 0.1%
SkyWest, Inc.
55,152
703,739
121,518
50,308
27,789
3,421
13,105
2,952,887
258,583
994,013
247,099
268,521
Auto Components – 0.4%
Cooper Tire & Rubber Co.
Spartan Motors, Inc.
Standard Motor Products, Inc.
Strattec Security Corp.
Superior Industries International, Inc.
Total Auto Components
Banks – 7.0%
1st Source Corp.
1st United Bancorp, Inc.
Access National Corp.
American National Bankshares, Inc.
Arrow Financial Corp.
BancFirst Corp.
BancorpSouth, Inc.
Bank of Kentucky Financial Corp. (The)
Bank of the Ozarks, Inc.
Banner Corp.
Bar Harbor Bankshares
BBCN Bancorp, Inc.
Boston Private Financial Holdings, Inc.
Bridge Bancorp, Inc.
Bryn Mawr Bank Corp.
C&F Financial Corp.
Camden National Corp.
Cardinal Financial Corp.
Cathay General Bancorp
Center Bancorp, Inc.
Centerstate Banks, Inc.
Central Pacific Financial Corp.
Century Bancorp, Inc. Class A
Chemical Financial Corp.
Chemung Financial Corp.
City Holding Co.
CNB Financial Corp.
CoBiz Financial, Inc.
Columbia Banking System, Inc.
Community Bank System, Inc.
4,721,103
17,226
5,880
9,846
10,647
16,041
11,646
27,163
5,010
19,527
8,953
4,692
50,857
66,226
14,194
13,632
3,055
6,779
14,517
5,043
9,077
4,338
23,163
1,577
28,566
4,887
17,663
16,896
15,115
28,316
40,522
552,782
45,041
159,604
250,417
424,124
659,513
677,988
188,075
1,329,008
368,953
179,938
871,689
896,038
379,122
391,647
101,243
279,295
258,838
127,033
172,463
47,371
467,893
53,791
926,967
132,535
792,362
298,721
174,125
807,572
1,581,168
Investments
Community Trust Bancorp, Inc.
CVB Financial Corp.
Enterprise Bancorp, Inc.
Enterprise Financial Services Corp.
Fidelity Southern Corp.
Financial Institutions, Inc.
First Bancorp
First Bancorp, Inc.
First Busey Corp.
First Business Financial Services, Inc.
First Citizens BancShares, Inc. Class A
First Commonwealth Financial Corp.
First Community Bancshares, Inc.
First Connecticut Bancorp, Inc.
First Financial Bancorp
First Financial Bankshares, Inc.
First Financial Corp.
First Financial Holdings, Inc.
First Interstate Bancsystem, Inc.
First Merchants Corp.
First Midwest Bancorp, Inc.
Firstbank Corp.
Flushing Financial Corp.
FNB Corp.
Fulton Financial Corp.
German American Bancorp, Inc.
Glacier Bancorp, Inc.
Great Southern Bancorp, Inc.
Guaranty Bancorp
Hanmi Financial Corp.
Heartland Financial USA, Inc.
Heritage Commerce Corp.
Heritage Financial Corp.
Home BancShares, Inc.
Home Federal Bancorp, Inc.
Horizon Bancorp
Hudson Valley Holding Corp.
Iberiabank Corp.
Independent Bank Corp.
Independent Bank Group, Inc.
International Bancshares Corp.
Lakeland Bancorp, Inc.
Lakeland Financial Corp.
MainSource Financial Group, Inc.
MB Financial, Inc.
Mercantile Bank Corp.
Merchants Bancshares, Inc.
MidSouth Bancorp, Inc.
MidWestOne Financial Group, Inc.
National Bank Holdings Corp. Class A
National Penn Bancshares, Inc.
NBT Bancorp, Inc.
Northrim BanCorp, Inc.
Old National Bancorp
See Notes to Financial Statements.
42 WisdomTree Domestic Dividend Funds
Shares
15,677
85,114
7,528
6,950
5,101
15,540
13,870
15,940
84,404
1,956
1,595
87,813
18,441
4,679
70,452
17,607
12,094
9,499
13,228
8,985
23,151
3,485
25,695
211,954
161,210
9,663
52,363
11,546
5,060
13,631
8,571
13,070
11,798
17,768
8,928
5,050
8,693
22,149
18,599
2,159
40,953
29,426
11,478
12,979
29,182
7,033
7,465
7,078
5,502
13,874
179,883
48,899
5,997
91,358
Value
$
650,282
1,353,313
153,120
139,486
71,261
357,731
263,530
259,822
489,543
92,284
383,996
793,830
301,695
73,273
1,266,727
1,087,937
407,326
594,827
373,294
194,435
395,419
65,065
541,394
2,840,184
2,028,022
279,164
1,522,192
346,726
72,105
317,602
231,331
105,344
199,622
611,575
138,920
112,514
165,602
1,553,752
732,243
126,841
1,027,101
331,043
461,645
221,941
903,475
145,020
243,434
119,123
138,870
278,451
1,879,777
1,196,070
154,063
1,362,148
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Pacific Continental Corp.
PacWest Bancorp
Park National Corp.
Park Sterling Corp.
Peapack-Gladstone Financial Corp.
Penns Woods Bancorp, Inc.
Peoples Bancorp, Inc.
Pinnacle Financial Partners, Inc.
PrivateBancorp, Inc.
Renasant Corp.
Republic Bancorp, Inc. Class A
S&T Bancorp, Inc.
S.Y. Bancorp, Inc.
Sandy Spring Bancorp, Inc.
Sierra Bancorp
Simmons First National Corp. Class A
Southern National Bancorp of Virginia, Inc.
Southside Bancshares, Inc.
Sterling Bancorp
Susquehanna Bancshares, Inc.
Tompkins Financial Corp.
Tower Financial Corp.
TowneBank
Trico Bancshares
Trustmark Corp.
Umpqua Holdings Corp.
Union First Market Bankshares Corp.
United Bankshares, Inc.
Univest Corp. of Pennsylvania
Valley National Bancorp
ViewPoint Financial Group, Inc.
Washington Banking Co.
Washington Trust Bancorp, Inc.
WesBanco, Inc.
West Bancorp., Inc.
Westamerica Bancorp.
Wilshire Bancorp, Inc.
Wintrust Financial Corp.
Shares
33,626
36,005
24,369
17,435
4,274
6,209
9,077
11,979
3,719
24,335
18,960
26,195
12,050
22,866
9,057
13,157
10,805
18,867
52,784
163,759
16,581
2,037
27,565
8,656
78,649
122,795
32,118
70,254
21,553
448,908
24,382
17,549
16,276
26,124
15,389
25,515
26,791
6,018
Total Banks
Beverages – 0.1%
Coca-Cola Bottling Co. Consolidated
Biotechnology – 0.8%
PDL BioPharma, Inc.
Building Products – 0.6%
AAON, Inc.
Apogee Enterprises, Inc.
Griffon Corp.
Insteel Industries, Inc.
Quanex Building Products Corp.
Simpson Manufacturing Co., Inc.
Universal Forest Products, Inc.
Total Building Products
$
Value
Investments
462,694
1,548,575
1,873,732
115,943
94,028
302,875
224,474
449,093
113,467
706,932
428,496
620,822
381,262
571,193
144,187
490,361
110,103
592,046
668,245
1,865,215
811,806
50,579
427,533
224,450
1,993,752
2,288,899
816,440
2,151,177
442,268
4,673,132
703,421
312,021
609,862
831,527
233,759
1,379,851
297,380
292,836
Capital Markets – 1.5%
Arlington Asset Investment Corp. Class A
Artisan Partners Asset Management, Inc. Class A
BGC Partners, Inc. Class A
Calamos Asset Management, Inc. Class A
Cohen & Steers, Inc.
CorEnergy Infrastructure Trust, Inc.
Evercore Partners, Inc. Class A
FXCM, Inc. Class A
GAMCO Investors, Inc. Class A
GFI Group, Inc.
Greenhill & Co., Inc.
Janus Capital Group, Inc.
JMP Group, Inc.
Manning & Napier, Inc.
Oppenheimer Holdings, Inc. Class A
Pzena Investment Management, Inc. Class A
Westwood Holdings Group, Inc.
74,055,242
10,182
865,266
998,826
8,300,244
24,054
28,523
56,391
10,980
32,023
66,505
16,368
670,385
947,819
673,309
215,977
662,236
2,349,622
905,805
6,425,153
Shares
74,480
18,647
507,872
33,703
31,707
59,402
19,049
24,492
1,218
225,771
29,805
158,274
20,095
18,430
9,752
4,767
9,374
Total Capital Markets
Value
$
1,972,230
1,198,070
3,321,483
435,780
1,263,524
400,964
1,052,457
361,747
94,578
801,487
1,549,264
1,720,438
142,875
309,071
273,544
56,107
587,656
15,541,275
Chemicals – 3.2%
A. Schulman, Inc.
American Vanguard Corp.
Balchem Corp.
Chase Corp.
FutureFuel Corp.
Hawkins, Inc.
Innophos Holdings, Inc.
Innospec, Inc.
KMG Chemicals, Inc.
Koppers Holdings, Inc.
Kronos Worldwide, Inc.
Minerals Technologies, Inc.
Olin Corp.
Quaker Chemical Corp.
Stepan Co.
Tredegar Corp.
Zep, Inc.
67,632
23,360
11,139
12,699
123,076
21,296
73,391
51,592
8,220
43,982
425,595
11,381
218,604
17,020
23,100
34,745
24,199
Total Chemicals
2,452,336
505,744
580,565
400,400
2,498,443
782,415
4,161,270
2,333,506
128,890
1,813,378
7,098,925
734,757
6,035,656
1,341,687
1,491,336
799,482
428,322
33,587,112
Commercial Services & Supplies – 6.7%
ABM Industries, Inc.
Brink’s Co. (The)
CECO Environmental Corp.
Courier Corp.
Covanta Holding Corp.
Deluxe Corp.
Ennis, Inc.
G&K Services, Inc. Class A
Healthcare Services Group, Inc.
Herman Miller, Inc.
HNI Corp.
Interface, Inc.
Intersections, Inc.
Kimball International, Inc. Class B
119,442
57,005
33,495
53,866
494,442
100,210
106,787
34,413
169,560
99,830
114,432
38,954
210,035
39,748
3,432,763
1,627,493
555,682
829,536
8,924,678
5,258,019
1,769,461
2,105,043
4,927,414
3,207,538
4,183,634
800,505
1,239,207
719,836
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 43
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Knoll, Inc.
McGrath RentCorp
Mobile Mini, Inc.
MSA Safety, Inc.
Multi-Color Corp.
Quad Graphics, Inc.
Schawk, Inc.
Steelcase, Inc. Class A
U.S. Ecology, Inc.
UniFirst Corp.
United Stationers, Inc.
Viad Corp.
West Corp.
Shares
134,354
62,468
80,923
89,185
8,790
157,734
56,700
222,819
35,827
2,171
49,556
29,520
237,848
Total Commercial Services & Supplies
Communications Equipment – 0.8%
ADTRAN, Inc.
Bel Fuse, Inc. Class B
Black Box Corp.
Comtech Telecommunications Corp.
InterDigital, Inc.
PC-Tel, Inc.
Plantronics, Inc.
TESSCO Technologies, Inc.
42,968
61,002
24,555
6,308
4,065
12,631
Total Diversified Consumer Services
1,937,690
277,254
493,737
1,816,976
1,673,876
228,639
1,747,730
550,761
654,832
2,435,810
736,159
52,167
157,397
516,608
726,172
82,608
61,259
4,336,094
1,220,279
5,556,373
Total Diversified Financial Services
Diversified Telecommunication Services – 1.3%
Atlantic Tele-Network, Inc.
Cogent Communications Group, Inc.
Consolidated Communications Holdings, Inc.
HickoryTech Corp.
Inteliquent, Inc.
Lumos Networks Corp.
Electric Utilities – 5.8%
ALLETE, Inc.
El Paso Electric Co.
Empire District Electric Co. (The)
MGE Energy, Inc.
NRG Yield, Inc. Class A
Otter Tail Corp.
PNM Resources, Inc.
Portland General Electric Co.
UIL Holdings Corp.
Unitil Corp.
UNS Energy Corp.
979,737
700,412
1,680,149
10,027
66,189
61,065
170,132
150,128
25,925
67,303
182,893
1,245,677
2,588,545
5,500,368
565,983
1,057,999
871,574
12,013,039
$
455,858
628,842
177,634
135,269
120,631
2,041,476
2,512,326
6,464,731
771,326
1,039,403
740,939
13,570,201
154,314
123,859
191,604
100,106
50,467
146,674
218,746
280,235
256,708
62,377
120,242
8,089,140
4,425,482
4,659,809
3,927,158
1,994,961
4,516,093
5,912,704
9,062,800
9,449,422
2,048,461
7,218,127
61,304,157
7,229
29,102
126,095
3,290
33,730
121,550
32,148
64,269
17,520
5,909
Electronic Equipment, Instruments & Components – 1.7%
AVX Corp.
429,808
Badger Meter, Inc.
18,977
CTS Corp.
29,575
Daktronics, Inc.
100,749
Electro Rent Corp.
103,141
Electro Scientific Industries, Inc.
97,300
Littelfuse, Inc.
21,419
Mesa Laboratories, Inc.
2,774
Methode Electronics, Inc.
32,345
MTS Systems Corp.
27,660
Park Electrochemical Corp.
29,682
See Notes to Financial Statements.
44 WisdomTree Domestic Dividend Funds
30,969
70,710
323,075
60,307
71,535
55,418
Total Electric Utilities
Electrical Equipment – 1.1%
Allied Motion Technologies, Inc.
AZZ, Inc.
Brady Corp. Class A
Encore Wire Corp.
Franklin Electric Co., Inc.
General Cable Corp.
Global Power Equipment Group, Inc.
LSI Industries, Inc.
Powell Industries, Inc.
Preformed Line Products Co.
Value
1,518,234
Total Electrical Equipment
13,495
25,922
Total Distributors
Diversified Consumer Services – 1.1%
Carriage Services, Inc.
Collectors Universe, Inc.
DeVry Education Group, Inc.
Hillenbrand, Inc.
Lincoln Educational Services Corp.
Matthews International Corp. Class A
Universal Technical Institute, Inc.
42,170
29,019
8,536
17,188
14,076
3,826,801
Total Containers & Packaging
Distributors – 0.2%
Core-Mark Holding Co., Inc.
Weyco Group, Inc.
Shares
Diversified Financial Services – 0.1%
Gain Capital Holdings, Inc.
Interactive Brokers Group, Inc. Class A
Marlin Business Services Corp.
MicroFinancial, Inc.
Resource America, Inc. Class A
8,726,663
Total Consumer Finance
Containers & Packaging – 0.5%
Greif, Inc. Class A
Myers Industries, Inc.
Investments
2,443,899
2,183,881
3,508,821
5,083,545
307,650
3,698,862
1,133,433
3,701,023
1,329,898
238,680
2,035,265
709,661
5,691,703
Total Diversified Telecommunication Services
79,381
12,660
20,285
57,030
50,555
26,190
39,319
14,742
Total Construction & Engineering
Consumer Finance – 0.1%
Asta Funding, Inc.*
Cash America International, Inc.
Nelnet, Inc. Class A
Value
71,647,130
Total Communications Equipment
Construction & Engineering – 0.4%
Comfort Systems USA, Inc.
Granite Construction, Inc.
Primoris Services Corp.
$
83,784
1,300,277
3,423,479
159,598
1,434,200
3,112,895
639,424
526,363
1,135,296
405,062
12,220,378
5,664,869
1,045,633
617,526
1,449,778
1,814,250
958,405
2,005,675
250,353
991,698
1,894,433
886,601
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Shares
Richardson Electronics Ltd.
24,190
Total Electronic Equipment, Instruments & Components
Energy Equipment & Services – 0.3%
Bolt Technology Corp.
Gulf Island Fabrication, Inc.
Gulfmark Offshore, Inc. Class A
14,191
24,039
58,622
Total Energy Equipment & Services
Food & Staples Retailing – 0.6%
Andersons, Inc. (The)
Ingles Markets, Inc. Class A
Spartan Stores, Inc.
Village Super Market, Inc. Class A
Weis Markets, Inc.
20,315
33,077
33,833
29,299
61,732
8,872
200,484
35,403
11,046
155,988
3,377
13,412
49,506
8,513
8,565
25,864
157,197
38,251
Total Food Products
Gas Utilities – 3.9%
Chesapeake Utilities Corp.
Delta Natural Gas Co., Inc.
Gas Natural, Inc.
Laclede Group, Inc. (The)
New Jersey Resources Corp.
Northwest Natural Gas Co.
South Jersey Industries, Inc.
Southwest Gas Corp.
WGL Holdings, Inc.
Total Health Care Equipment & Supplies
17,839,505
280,556
519,483
2,634,473
25,127
22,960
71,976
121,088
154,209
115,396
102,175
112,628
223,712
Shares
Health Care Providers & Services – 2.1%
Chemed Corp.
Ensign Group, Inc. (The)
Kindred Healthcare, Inc.
Landauer, Inc.
National Healthcare Corp.
Owens & Minor, Inc.
Select Medical Holdings Corp.
U.S. Physical Therapy, Inc.
Total Health Care Providers & Services
6,590,414
Total Health Care Technology
334,474
6,036,573
1,259,639
693,468
2,411,574
102,120
1,287,150
4,921,887
125,141
194,254
2,030,065
4,431,383
1,145,235
1,587,021
475,731
726,238
5,709,299
7,679,608
5,078,578
5,730,996
6,019,967
8,961,903
41,969,341
5,416
1,850
10,662
53,512
28,513
78,932
7,089
22,454
122,564
6,853
Investments
1,203,461
787,894
785,264
773,494
3,040,301
24,972,963
Total Gas Utilities
Health Care Equipment & Supplies – 1.0%
Analogic Corp.
Atrion Corp.
Cantel Medical Corp.
CONMED Corp.
CryoLife, Inc.
Hill-Rom Holdings, Inc.
Invacare Corp.
LeMaitre Vascular, Inc.
Meridian Bioscience, Inc.
Utah Medical Products, Inc.
260,284
3,434,512
Total Food & Staples Retailing
Food Products – 2.4%
Alico, Inc.
B&G Foods, Inc.
Calavo Growers, Inc.
Cal-Maine Foods, Inc.
Dean Foods Co.
Griffin Land & Nurseries, Inc.
J&J Snack Foods Corp.
Lancaster Colony Corp.
Lifeway Foods, Inc.
Limoneira Co.
Sanderson Farms, Inc.
Snyder’s-Lance, Inc.
Tootsie Roll Industries, Inc.
Value
$
444,708
566,359
359,523
2,325,096
283,989
3,042,039
135,187
181,204
2,670,670
396,309
Health Care Technology – 0.5%
Computer Programs & Systems, Inc.
Quality Systems, Inc.
18,622
12,819
134,245
39,704
34,126
166,866
534,867
14,534
Value
$
22,079,017
36,145
198,427
65,853
17,181
67,485
60,302
14,871
17,386
81,781
43,309
48,653
39,465
97,144
120,657
Total Hotels, Restaurants & Leisure
3,294,626
1,568,626
5,268,554
992,571
351,997
590,950
2,137,755
723,260
2,535,308
477,132
1,819,507
3,146,734
22,907,020
15,494
29,021
19,315
39,270
15,301
23,822
46,971
28,173
15,249
12,098
161,314
9,995
13,309
Total Household Durables
Household Products – 0.3%
Oil-Dri Corp. of America
Orchids Paper Products Co.
WD-40 Co.
2,334,967
3,349,448
5,684,415
Hotels, Restaurants & Leisure – 2.2%
Bob Evans Farms, Inc.
Churchill Downs, Inc.
DineEquity, Inc.
Einstein Noah Restaurant Group, Inc.
Frisch’s Restaurants, Inc.
International Speedway Corp. Class A
Interval Leisure Group, Inc.
Marcus Corp. (The)
Papa John’s International, Inc.
Ruth’s Hospitality Group, Inc.
Speedway Motorsports, Inc.
Texas Roadhouse, Inc.
Household Durables – 1.0%
Bassett Furniture Industries, Inc.
Blyth, Inc.
CSS Industries, Inc.
Ethan Allen Interiors, Inc.
Flexsteel Industries, Inc.
Hooker Furniture Corp.
KB Home
La-Z-Boy, Inc.
Lennar Corp. Class B
Lifetime Brands, Inc.
M.D.C. Holdings, Inc.
NACCO Industries, Inc. Class A
Ryland Group, Inc. (The)
1,665,738
559,421
3,144,018
1,799,782
1,903,207
5,845,316
6,659,094
502,441
230,086
311,395
521,505
999,421
575,624
373,053
798,037
763,488
497,727
216,070
4,561,960
541,829
531,429
10,921,624
10,279
36,079
25,345
Total Household Products
355,037
1,104,017
1,966,012
3,425,066
Independent Power and Renewable Electricity Producers – 0.1%
Ormat Technologies, Inc.
27,493
825,065
10,405,084
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 45
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Shares
Industrial Conglomerates – 0.1%
Raven Industries, Inc.
40,951
Insurance – 1.4%
American Equity Investment Life Holding Co.
AMERISAFE, Inc.
Baldwin & Lyons, Inc. Class B
Crawford & Co. Class A
Crawford & Co. Class B
Donegal Group, Inc. Class A
EMC Insurance Group, Inc.
Employers Holdings, Inc.
FBL Financial Group, Inc. Class A
HCI Group, Inc.
Horace Mann Educators Corp.
Independence Holding Co.
Infinity Property & Casualty Corp.
Investors Title Co.
Kemper Corp.
Meadowbrook Insurance Group, Inc.
National Interstate Corp.
National Western Life Insurance Co. Class A
Primerica, Inc.
RLI Corp.
Safety Insurance Group, Inc.
Selective Insurance Group, Inc.
State Auto Financial Corp.
Stewart Information Services Corp.
Symetra Financial Corp.
United Fire Group, Inc.
Universal Insurance Holdings, Inc.
15,604
4,802
15,832
28,227
12,709
22,476
11,920
8,390
11,232
8,909
35,445
3,143
6,938
314
45,563
20,491
11,741
272
19,990
21,048
23,677
37,080
28,015
2,652
78,996
22,605
32,609
Total Insurance
Internet & Catalog Retail – 0.3%
Nutrisystem, Inc.
PetMed Express, Inc.
118,256
87,155
Total IT Services
1,341,145
368,566
210,856
416,223
263,640
138,655
327,700
423,518
169,730
486,570
324,288
1,027,905
42,179
469,217
23,833
1,784,703
119,462
314,776
66,504
941,729
931,163
1,275,006
864,706
597,000
93,165
1,565,701
686,062
414,134
1,782,118
1,168,748
2,950,866
396,275
99,737
49,422
Total Internet Software & Services
IT Services – 1.6%
Booz Allen Hamilton Holding Corp.
Cass Information Systems, Inc.
Computer Task Group, Inc.
Convergys Corp.
CSG Systems International, Inc.
Forrester Research, Inc.
Hackett Group, Inc. (The)
Heartland Payment Systems, Inc.
ManTech International Corp. Class A
$
14,346,991
Total Internet & Catalog Retail
Internet Software & Services – 0.7%
EarthLink Holdings Corp.
j2 Global, Inc.
Marchex, Inc. Class B
Value
1,430,553
4,991,837
519,425
6,941,815
319,214
14,212
19,876
115,563
68,152
30,024
48,089
21,865
69,867
7,022,708
732,771
337,693
2,531,985
1,774,678
1,076,360
287,572
906,304
2,054,788
16,724,859
Investments
Shares
Leisure Products – 0.5%
Arctic Cat, Inc.
Callaway Golf Co.
Escalade, Inc.
Johnson Outdoors, Inc. Class A
Marine Products Corp.
Sturm Ruger & Co., Inc.
9,562
37,852
40,096
9,388
47,497
61,323
Total Leisure Products
Machinery – 3.4%
Alamo Group, Inc.
Albany International Corp. Class A
Altra Industrial Motion Corp.
American Railcar Industries, Inc.
Ampco-Pittsburgh Corp.
Astec Industries, Inc.
Barnes Group, Inc.
Briggs & Stratton Corp.
CIRCOR International, Inc.
Douglas Dynamics, Inc.
Dynamic Materials Corp.
ESCO Technologies, Inc.
FreightCar America, Inc.
Global Brass & Copper Holdings, Inc.
Gorman-Rupp Co. (The)
Graham Corp.
Hardinge, Inc.
Harsco Corp.
Hurco Cos., Inc.
Hyster-Yale Materials Handling, Inc.
John Bean Technologies Corp.
Kadant, Inc.
L.B. Foster Co. Class A
Lindsay Corp.
Miller Industries, Inc.
Mueller Industries, Inc.
Mueller Water Products, Inc. Class A
NN, Inc.
Standex International Corp.
Sun Hydraulics Corp.
Tennant Co.
Titan International, Inc.
Twin Disc, Inc.
Watts Water Technologies, Inc. Class A
See Notes to Financial Statements.
46 WisdomTree Domestic Dividend Funds
5,999
47,357
32,953
46,707
40,063
24,716
62,418
106,191
3,345
108,015
9,905
25,314
11,781
18,617
31,645
3,375
8,070
243,025
4,979
13,767
35,953
14,432
2,759
7,987
32,903
46,626
122,831
20,185
8,175
23,613
20,192
7,212
15,315
25,056
456,968
386,848
537,286
238,643
357,178
3,667,115
325,926
1,683,068
1,176,422
3,270,891
755,989
1,085,280
2,401,221
2,362,750
245,289
1,881,621
188,591
890,800
273,790
293,590
1,005,994
107,494
116,208
5,694,076
132,840
1,342,282
1,110,948
526,335
129,259
704,293
642,596
1,398,314
1,166,894
397,645
438,017
1,022,679
1,324,999
136,956
403,397
1,470,537
36,106,991
27,384
108,468
Total Marine
Media – 2.4%
A.H. Belo Corp. Class A
Harte-Hanks, Inc.
Meredith Corp.
National CineMedia, Inc.
$
5,644,038
Total Machinery
Marine – 0.3%
International Shipholding Corp.
Matson, Inc.
Value
806,185
2,678,075
3,484,260
82,252
275,679
118,839
274,381
952,478
2,437,003
5,517,695
4,115,715
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
New York Times Co. (The) Class A
Nexstar Broadcasting Group, Inc. Class A
Salem Communications Corp. Class A
Scholastic Corp.
Sinclair Broadcast Group, Inc. Class A
World Wrestling Entertainment, Inc. Class A
Shares
162,891
28,628
41,913
62,257
129,056
98,598
Total Media
Metals & Mining – 3.0%
AMCOL International Corp.
Commercial Metals Co.
Compass Minerals International, Inc.
Globe Specialty Metals, Inc.
Gold Resource Corp.
Haynes International, Inc.
Hecla Mining Co.
Kaiser Aluminum Corp.
Materion Corp.
Noranda Aluminum Holding Corp.
Olympic Steel, Inc.
Schnitzer Steel Industries, Inc. Class A
Synalloy Corp.
US Silica Holdings, Inc.
Walter Energy, Inc.
80,452
282,465
95,729
116,555
398,106
20,634
132,932
32,312
24,573
112,199
3,471
65,650
14,192
82,670
16,374
19,502
50,015
258,939
129,089
132,801
46,465
3,683,092
5,332,939
7,899,557
2,426,675
1,902,947
1,114,236
408,101
2,307,723
833,762
461,138
99,618
1,894,003
203,797
3,155,514
123,787
214,132
900,770
7,936,480
7,441,981
6,298,751
21,677,212
5,906
106,941
603,725
139,716
111,755
94,412
898,165
28,857
8,056
152,955
196,000
Total Oil, Gas & Consumable Fuels
Paper & Forest Products – 0.8%
Deltic Timber Corp.
Neenah Paper, Inc.
PH Glatfelter Co.
Schweitzer-Mauduit International, Inc.
Shares
Wausau Paper Corp.
1,114,902
Total Multi-Utilities
Oil, Gas & Consumable Fuels – 2.5%
Adams Resources & Energy, Inc.
Alon USA Energy, Inc.
Arch Coal, Inc.
Comstock Resources, Inc.
Delek US Holdings, Inc.
Evolution Petroleum Corp.
EXCO Resources, Inc.
Green Plains Renewable Energy, Inc.
Panhandle Oil and Gas, Inc. Class A
PBF Energy, Inc. Class A
W&T Offshore, Inc.
Investments
2,788,694
1,074,123
418,711
2,146,621
3,496,127
2,847,510
31,846,889
Total Multiline Retail
Multi-Utilities – 2.0%
Avista Corp.
Black Hills Corp.
NorthWestern Corp.
Value
25,794,677
Total Metals & Mining
Multiline Retail – 0.1%
Bon-Ton Stores, Inc. (The)
Fred’s, Inc. Class A
$
342,075
1,597,699
2,909,955
3,192,511
3,245,365
1,201,865
5,029,724
864,555
351,322
3,946,239
3,392,760
26,074,070
7,507
29,786
61,375
90,036
489,682
1,540,532
1,670,628
3,834,633
Total Paper & Forest Products
Value
$
591,499
8,126,974
Personal Products – 0.3%
Coty, Inc. Class A
Inter Parfums, Inc.
107,107
42,127
Total Personal Products
1,604,463
1,525,418
3,129,881
Professional Services – 1.2%
Acacia Research Corp.
Barrett Business Services, Inc.
CDI Corp.
Corporate Executive Board Co. (The)
Exponent, Inc.
Heidrick & Struggles International, Inc.
Insperity, Inc.
Kelly Services, Inc. Class A
Resources Connection, Inc.
VSE Corp.
182,506
5,938
57,856
39,961
10,441
50,213
51,553
28,437
82,410
4,174
Total Professional Services
2,788,692
353,727
992,230
2,966,305
783,701
1,007,775
1,597,112
674,810
1,161,157
219,970
12,545,479
Real Estate Investment Trusts (REITs) – 13.8%
Acadia Realty Trust
Agree Realty Corp.
Alexander’s, Inc.
American Assets Trust, Inc.
American Realty Capital Properties, Inc.
AmREIT, Inc.
Ashford Hospitality Trust, Inc.
Associated Estates Realty Corp.
Aviv REIT, Inc.
Brandywine Realty Trust
Campus Crest Communities, Inc.
Cedar Realty Trust, Inc.
Chambers Street Properties
Chatham Lodging Trust
Chesapeake Lodging Trust
CoreSite Realty Corp.
Corporate Office Properties Trust
Cousins Properties, Inc.
CubeSmart
CyrusOne, Inc.
DCT Industrial Trust, Inc.
DiamondRock Hospitality Co.
DuPont Fabros Technology, Inc.
EastGroup Properties, Inc.
Education Realty Trust, Inc.
Excel Trust, Inc.
FelCor Lodging Trust, Inc.
First Industrial Realty Trust, Inc.
First Potomac Realty Trust
Franklin Street Properties Corp.
Geo Group, Inc. (The)
Getty Realty Corp.
Gladstone Commercial Corp.
Glimcher Realty Trust
68,188
26,831
5,936
38,617
453,165
33,944
160,732
94,002
77,093
232,759
158,257
83,764
527,383
38,760
71,923
25,867
140,616
114,209
132,198
21,724
423,702
199,978
92,241
39,099
196,787
99,446
44,965
74,422
105,982
214,054
166,789
49,948
42,756
212,506
1,798,800
815,931
2,142,837
1,302,938
6,353,373
562,452
1,811,450
1,592,394
1,884,924
3,365,695
1,373,671
511,798
4,097,766
783,727
1,850,579
801,877
3,746,010
1,309,977
2,268,518
452,511
3,338,772
2,349,742
2,220,241
2,459,718
1,942,288
1,260,975
406,484
1,437,833
1,369,287
2,697,080
5,377,277
943,518
741,389
2,131,435
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 47
Schedule of Investments (continued)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Government Properties Income Trust
Healthcare Realty Trust, Inc.
Healthcare Trust of America, Inc. Class A
Hersha Hospitality Trust
Hudson Pacific Properties, Inc.
Inland Real Estate Corp.
Investors Real Estate Trust
Kite Realty Group Trust
LTC Properties, Inc.
Mack-Cali Realty Corp.
Medical Properties Trust, Inc.
Monmouth Real Estate Investment Corp. Class A
National Health Investors, Inc.
One Liberty Properties, Inc.
Parkway Properties, Inc.
Pebblebrook Hotel Trust
Pennsylvania Real Estate Investment Trust
Physicians Realty Trust
Post Properties, Inc.
Potlatch Corp.
Preferred Apartment Communities, Inc. Class A
PS Business Parks, Inc.
Ramco-Gershenson Properties Trust
Retail Opportunity Investments Corp.
Rouse Properties, Inc.
Ryman Hospitality Properties, Inc.
Sabra Health Care REIT, Inc.
Saul Centers, Inc.
Select Income REIT
Silver Bay Realty Trust Corp.
Sovran Self Storage, Inc.
STAG Industrial, Inc.
Summit Hotel Properties, Inc.
Sun Communities, Inc.
Sunstone Hotel Investors, Inc.
Terreno Realty Corp.
UMH Properties, Inc.
Universal Health Realty Income Trust
Urstadt Biddle Properties, Inc. Class A
Washington Real Estate Investment Trust
Whitestone REIT
Winthrop Realty Trust
Shares
129,506
182,027
354,580
299,105
44,812
189,703
209,410
165,010
66,202
167,865
371,023
99,897
47,991
35,870
99,952
46,662
97,271
23,611
54,234
41,809
40,202
21,641
110,083
100,698
42,491
82,791
67,306
20,523
116,124
3,284
35,924
91,004
152,504
73,796
94,529
25,268
52,915
26,697
43,814
116,290
64,630
72,449
Total Real Estate Investment Trusts (REITs)
Real Estate Management & Development – 0.1%
Alexander & Baldwin, Inc.
Consolidated-Tomoka Land Co.
Gladstone Land Corp.
Kennedy-Wilson Holdings, Inc.
Value
Investments
3,263,551
4,395,952
4,038,666
1,743,782
1,033,813
2,001,367
1,880,502
990,060
2,491,181
3,489,913
4,745,384
953,017
2,901,536
764,748
1,824,124
1,575,776
1,755,742
328,665
2,662,889
1,617,590
323,626
1,809,620
1,794,353
1,504,428
732,545
3,520,273
1,877,164
971,969
3,515,074
50,968
2,638,618
2,193,196
1,415,237
3,327,462
1,297,883
477,818
517,509
1,127,681
905,197
2,777,005
933,257
839,684
Heartland Express, Inc.
Knight Transportation, Inc.
Marten Transport Ltd.
Universal Truckload Services, Inc.
Werner Enterprises, Inc.
146,512,092
6,343
294
19,462
37,329
Total Real Estate Management & Development
Road & Rail – 0.8%
Arkansas Best Corp.
Celadon Group, Inc.
Con-way, Inc.
$
269,958
11,842
275,193
840,276
1,397,269
9,584
9,342
56,881
354,129
224,582
2,336,671
36,577
104,953
16,879
29,599
57,496
Value
$
829,932
2,427,563
363,236
855,411
1,466,723
Total Road & Rail
8,858,247
Semiconductors & Semiconductor Equipment – 1.7%
Brooks Automation, Inc.
204,890
Cohu, Inc.
58,586
Intersil Corp. Class A
532,967
IXYS Corp.
29,568
Micrel, Inc.
116,537
MKS Instruments, Inc.
113,034
Power Integrations, Inc.
17,542
Tessera Technologies, Inc.
109,849
2,239,448
629,213
6,885,934
335,597
1,291,230
3,378,586
1,153,913
2,595,732
Total Semiconductors & Semiconductor Equipment
18,509,653
Software – 1.7%
American Software, Inc. Class A
Blackbaud, Inc.
Compuware Corp.
Digimarc Corp.
Ebix, Inc.
EPIQ Systems, Inc.
Fair Isaac Corp.
Monotype Imaging Holdings, Inc.
Pegasystems, Inc.
QAD, Inc. Class A
1,012,698
1,915,623
10,117,160
501,301
1,374,203
1,070,855
259,395
918,034
327,452
447,519
99,577
61,202
963,539
15,965
80,504
78,566
4,689
30,459
9,271
21,905
Total Software
Specialty Retail – 2.2%
Aaron’s, Inc.
bebe Stores, Inc.
Big 5 Sporting Goods Corp.
Brown Shoe Co., Inc.
Cato Corp. (The) Class A
Destination Maternity Corp.
Finish Line, Inc. (The) Class A
Group 1 Automotive, Inc.
Haverty Furniture Cos., Inc.
Lithia Motors, Inc. Class A
Men’s Wearhouse, Inc. (The)
Monro Muffler Brake, Inc.
Pier 1 Imports, Inc.
Rent-A-Center, Inc.
Shoe Carnival, Inc.
Sonic Automotive, Inc. Class A
Stage Stores, Inc.
Stein Mart, Inc.
Winmark Corp.
17,944,240
22,597
151,590
49,898
43,444
19,444
32,967
51,432
23,234
20,817
17,067
66,848
25,468
98,999
131,781
17,380
16,686
73,275
65,992
1,225
683,333
927,731
800,863
1,153,004
525,766
903,296
1,393,293
1,525,544
618,265
1,134,273
3,274,215
1,448,620
1,869,101
3,505,375
400,435
375,101
1,791,574
924,548
92,683
Total Specialty Retail
23,347,020
Technology Hardware, Storage & Peripherals – 1.8%
Diebold, Inc.
224,849
Lexmark International, Inc. Class A
224,580
8,969,227
10,395,808
See Notes to Financial Statements.
48 WisdomTree Domestic Dividend Funds
Shares
Schedule of Investments (concluded)
WisdomTree SmallCap Dividend Fund (DES)
March 31, 2014
Investments
Shares
TransAct Technologies, Inc.
17,855
Total Technology Hardware, Storage & Peripherals
Textiles, Apparel & Luxury Goods – 0.8%
Cherokee, Inc.
Columbia Sportswear Co.
Culp, Inc.
Jones Group, Inc. (The)
Movado Group, Inc.
Oxford Industries, Inc.
R.G. Barry Corp.
Rocky Brands, Inc.
Superior Uniform Group, Inc.
Total Thrifts & Mortgage Finance
205,154
19,570,189
23,673
46,642
9,940
109,851
13,422
14,885
20,753
20,454
20,946
Total Textiles, Apparel & Luxury Goods
Thrifts & Mortgage Finance – 1.5%
Astoria Financial Corp.
Banc of California, Inc.
Bank Mutual Corp.
BankFinancial Corp.
Berkshire Hills Bancorp, Inc.
Brookline Bancorp, Inc.
Cape Bancorp, Inc.
Capitol Federal Financial, Inc.
Clifton Savings Bancorp, Inc.*
Dime Community Bancshares, Inc.
ESB Financial Corp.
ESSA Bancorp, Inc.
EverBank Financial Corp.
Federal Agricultural Mortgage Corp. Class C
First Defiance Financial Corp.
First Financial Northwest, Inc.
Fox Chase Bancorp, Inc.
Heritage Financial Group, Inc.
Hingham Institution for savings
Meta Financial Group, Inc.
Northfield Bancorp, Inc.
Northwest Bancshares, Inc.
OceanFirst Financial Corp.
Oritani Financial Corp.
Provident Financial Holdings, Inc.
Provident Financial Services, Inc.
Pulaski Financial Corp.
Radian Group, Inc.
Rockville Financial, Inc.
SI Financial Group, Inc.
Simplicity Bancorp, Inc.
Teche Holding Co.
Territorial Bancorp, Inc.
TrustCo Bank Corp.
United Financial Bancorp, Inc.
Washington Federal, Inc.
Westfield Financial, Inc.
WSFS Financial Corp.
Value
$
40,384
21,366
26,379
4,642
23,504
90,851
9,822
123,850
17,038
42,843
16,861
7,490
27,393
4,483
5,151
8,447
7,460
2,776
973
2,748
36,117
115,832
15,870
69,764
9,141
66,583
13,264
4,266
25,863
4,447
5,654
2,133
8,304
118,893
15,551
61,062
23,917
1,958
Investments
329,765
3,854,961
196,216
1,644,470
611,372
1,164,007
391,817
294,333
307,278
Total Tobacco
8,794,219
Water Utilities – 1.1%
American States Water Co.
Artesian Resources Corp. Class A
California Water Service Group
Connecticut Water Service, Inc.
Middlesex Water Co.
SJW Corp.
York Water Co.
558,107
262,161
167,243
46,327
608,284
855,816
108,042
1,554,317
199,685
727,474
220,373
81,416
540,464
149,060
139,695
85,737
125,701
54,548
76,381
123,248
464,465
1,691,147
280,740
1,102,969
140,954
1,223,130
139,935
64,118
351,478
50,118
99,510
168,507
179,366
837,007
285,983
1,422,745
178,182
139,860
Shares
Tobacco – 2.2%
Universal Corp.
Vector Group Ltd.
88,986
866,937
29,958
81,030
111,615
62,791
44,583
170,456
Total Trading Companies & Distributors
4,973,428
18,673,823
601,856
3,908,887
7,576,426
824,446
1,813,636
7,307,449
22,032,700
108,333
27,852
134,933
31,724
59,503
50,726
33,346
Total Water Utilities
3,498,073
625,556
3,230,296
1,084,009
1,298,355
1,499,461
680,258
11,916,008
Wireless Telecommunication Services – 0.5%
NTELOS Holdings Corp.
Shenandoah Telecommunications Co.
USA Mobility, Inc.
181,376
35,777
78,395
Total Wireless Telecommunication Services
2,448,576
1,155,239
1,424,437
5,028,252
TOTAL COMMON STOCKS
(Cost: $914,856,981)
1,056,915,569
EXCHANGE-TRADED FUND – 0.3%
WisdomTree MidCap Dividend Fund(a)
(Cost: $3,064,008)
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $917,920,989)
Other Assets in Excess of Liabilities – 0.2%
NET ASSETS – 100.0%
(a)
$
23,647,251
Trading Companies & Distributors – 2.1%
Aceto Corp.
Applied Industrial Technologies, Inc.
GATX Corp.
Houston Wire & Cable Co.
Kaman Corp.
TAL International Group, Inc.*
*
Value
43,451
3,346,162
1,060,261,731
2,263,648
$1,062,525,379
Non-income producing security.
Affiliated company (See Note 7).
15,504,293
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 49
Schedule of Investments
WisdomTree U.S. Dividend Growth Fund (DGRW)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.8%
Aerospace & Defense – 6.4%
Boeing Co. (The)
Honeywell International, Inc.
Huntington Ingalls Industries, Inc.
Lockheed Martin Corp.
Northrop Grumman Corp.
Precision Castparts Corp.
Raytheon Co.
Rockwell Collins, Inc.
United Technologies Corp.
Shares
8,267
12,274
353
9,134
3,750
64
6,087
1,778
15,201
Auto Components – 0.5%
BorgWarner, Inc.
Gentex Corp.
Johnson Controls, Inc.
Lear Corp.
2,912
2,250
1,047
13,251
55,519
1,550
1,870
7,797
522
95,278
58,961
368,954
43,702
566,895
2,108
687
Building Products – 0.0%
Lennox International, Inc.
Capital Markets – 1.5%
Ameriprise Financial, Inc.
Charles Schwab Corp. (The)
Eaton Vance Corp.
Financial Engines, Inc.
Franklin Resources, Inc.
LPL Financial Holdings, Inc.
Raymond James Financial, Inc.
SEI Investments Co.
140,414
41,948
182,362
1,254
1,011
71,827
2,905
24,859
Total Beverages
Biotechnology – 1.1%
Amgen, Inc.
152,560
89,168
138,790
1,290,382
595
Total Automobiles
Beverages – 4.9%
Beam, Inc.
Brown-Forman Corp. Class B
Coca-Cola Co. (The)
Coca-Cola Enterprises, Inc.
PepsiCo, Inc.
1,037,426
1,138,536
36,098
1,491,034
462,675
16,176
601,335
141,653
1,776,085
1,670,900
Total Auto Components
Automobiles – 0.2%
Harley-Davidson, Inc.
Thor Industries, Inc.
$
6,701,018
Total Air Freight & Logistics
Airlines – 0.1%
Alaska Air Group, Inc.
Investments
T. Rowe Price Group, Inc.
TD Ameritrade Holding Corp.
Waddell & Reed Financial, Inc. Class A
Total Aerospace & Defense
Air Freight & Logistics – 1.6%
C.H. Robinson Worldwide, Inc.
Expeditors International of Washington, Inc.
FedEx Corp.
United Parcel Service, Inc. Class B
Value
104,458
90,677
2,776,832
138,743
2,075,726
5,186,436
9,664
1,191,958
447
40,637
2,760
9,263
1,899
94
3,459
1,286
1,213
1,546
303,793
253,158
72,466
4,773
187,409
67,566
67,843
51,961
3,677
6,750
1,141
Total Capital Markets
Chemicals – 3.4%
Air Products & Chemicals, Inc.
Airgas, Inc.
Albemarle Corp.
Cabot Corp.
CF Industries Holdings, Inc.
Cytec Industries, Inc.
Eastman Chemical Co.
Ecolab, Inc.
FMC Corp.
H.B. Fuller Co.
Monsanto Co.
Mosaic Co. (The)
PolyOne Corp.
PPG Industries, Inc.
Praxair, Inc.
Scotts Miracle-Gro Co. (The) Class A
Sherwin-Williams Co. (The)
Sigma-Aldrich Corp.
Commercial Services & Supplies – 0.1%
Cintas Corp.
Communications Equipment – 3.0%
Cisco Systems, Inc.
QUALCOMM, Inc.
4,267
1,002
972
846
764
133
1,941
2,043
801
270
6,114
5,084
546
1,446
4,284
1,366
885
906
76,480
84,159
15,645
1,886,003
1,233,765
3,119,768
1,068
1,225
8,815
5,394
763
1,149
600
Total Diversified Consumer Services
50,434
62,977
29,712
143,123
3,125
496
Total Distributors
Diversified Consumer Services – 0.2%
H&R Block, Inc.
Sotheby’s
793,614
313,877
1,107,491
Total Containers & Packaging
Distributors – 0.3%
Genuine Parts Co.
Pool Corp.
83,016
32,683
115,699
Total Consumer Finance
Containers & Packaging – 0.1%
AptarGroup, Inc.
Ball Corp.
Silgan Holdings, Inc.
507,944
106,723
64,560
49,965
199,129
12,982
167,334
220,624
61,325
13,036
695,590
254,200
20,016
279,743
561,075
83,708
174,460
84,602
1,283
Total Construction & Engineering
Consumer Finance – 1.1%
American Express Co.
Discover Financial Services
302,801
229,163
84,000
3,557,016
Total Communications Equipment
Construction & Engineering – 0.1%
Fluor Corp.
KBR, Inc.
Value
$
1,624,933
Total Chemicals
See Notes to Financial Statements.
50 WisdomTree Domestic Dividend Funds
Shares
271,406
30,415
301,821
6,014
442
181,563
19,249
200,812
Schedule of Investments (continued)
WisdomTree U.S. Dividend Growth Fund (DGRW)
March 31, 2014
Investments
Diversified Financial Services – 0.7%
CBOE Holdings, Inc.
CME Group, Inc.
MarketAxess Holdings, Inc.
McGraw Hill Financial, Inc.
Shares
955
5,507
204
3,116
Total Diversified Financial Services
Electrical Equipment – 1.4%
Acuity Brands, Inc.
AMETEK, Inc.
Babcock & Wilcox Co. (The)
Emerson Electric Co.
EnerSys
Hubbell, Inc. Class B
Regal-Beloit Corp.
Rockwell Automation, Inc.
Roper Industries, Inc.
Value
$
54,053
407,573
12,081
237,751
711,458
173
910
1,028
13,904
224
759
375
2,184
383
Total Electrical Equipment
22,935
46,856
34,130
928,787
15,521
90,981
27,266
272,017
51,134
1,489,627
Electronic Equipment, Instruments & Components – 0.5%
Amphenol Corp. Class A
727
Avnet, Inc.
923
Belden, Inc.
72
Corning, Inc.
16,230
FEI Co.
99
FLIR Systems, Inc.
825
Jabil Circuit, Inc.
1,935
66,630
42,947
5,011
337,909
10,199
29,700
34,830
Total Electronic Equipment, Instruments & Components
527,226
Energy Equipment & Services – 1.5%
Baker Hughes, Inc.
Bristow Group, Inc.
CARBO Ceramics, Inc.
Diamond Offshore Drilling, Inc.
Halliburton Co.
National Oilwell Varco, Inc.
RPC, Inc.
Tidewater, Inc.
247,856
29,906
26,908
325,376
461,815
340,136
80,598
32,624
3,812
396
195
6,673
7,842
4,368
3,947
671
Total Energy Equipment & Services
Food & Staples Retailing – 5.6%
Costco Wholesale Corp.
CVS Caremark Corp.
PriceSmart, Inc.
Safeway, Inc.
Sysco Corp.
Walgreen Co.
Wal-Mart Stores, Inc.
Whole Foods Market, Inc.
1,545,219
2,669
8,954
97
3,368
10,455
12,078
45,474
1,805
Total Food & Staples Retailing
Food Products – 1.6%
Campbell Soup Co.
Flowers Foods, Inc.
General Mills, Inc.
Hershey Co. (The)
Hillshire Brands Co.
298,074
670,296
9,790
124,414
377,739
797,510
3,475,578
91,532
5,844,933
Investments
Shares
Hormel Foods Corp.
Ingredion, Inc.
Kellogg Co.
2,326
982
6,371
Total Food Products
234,229
52,059
585,411
197,629
55,927
Health Care Equipment & Supplies – 3.8%
Abbott Laboratories
Baxter International, Inc.
Becton, Dickinson and Co.
C.R. Bard, Inc.
DENTSPLY International, Inc.
Medtronic, Inc.
ResMed, Inc.
St. Jude Medical, Inc.
STERIS Corp.
Stryker Corp.
West Pharmaceutical Services, Inc.
1,353
94,764
27,506
12,142
2,719
393
586
14,859
2,422
3,715
831
4,182
468
1,059,256
893,408
318,341
58,156
26,980
914,423
108,239
242,924
39,680
340,708
20,615
Total Health Care Equipment & Supplies
Health Care Providers & Services – 1.8%
Aetna, Inc.
AmerisourceBergen Corp.
Cigna Corp.
Humana, Inc.
McKesson Corp.
Quest Diagnostics, Inc.
UnitedHealth Group, Inc.
Universal Health Services, Inc. Class B
4,022,730
3,370
2,397
84
1,284
1,053
2,538
11,976
196
Total Health Care Providers & Services
Hotels, Restaurants & Leisure – 4.8%
Brinker International, Inc.
Cheesecake Factory, Inc. (The)
Cracker Barrel Old Country Store, Inc.
Darden Restaurants, Inc.
Dunkin’ Brands Group, Inc.
International Game Technology
Las Vegas Sands Corp.
McDonald’s Corp.
Starbucks Corp.
Yum! Brands, Inc.
Household Durables – 0.4%
Harman International Industries, Inc.
Leggett & Platt, Inc.
Tupperware Brands Corp.
Whirlpool Corp.
252,649
157,219
7,033
144,733
185,928
147,001
981,912
16,086
1,892,561
1,105
466
498
4,204
1,298
4,563
11,336
25,904
7,729
6,964
Total Hotels, Restaurants & Leisure
Household Products – 5.1%
Church & Dwight Co., Inc.
Colgate-Palmolive Co.
Kimberly-Clark Corp.
114,602
66,855
399,525
1,706,237
Gas Utilities – 0.1%
National Fuel Gas Co.
57,957
22,196
48,425
213,395
65,134
64,156
915,722
2,539,369
567,154
525,016
5,018,524
750
4,200
1,042
980
Total Household Durables
5,219
2,427
11,297
1,893
1,501
Value
$
79,800
137,088
87,278
146,471
450,637
1,365
11,370
6,876
94,280
737,572
758,079
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 51
Schedule of Investments (continued)
WisdomTree U.S. Dividend Growth Fund (DGRW)
March 31, 2014
Investments
Shares
Procter & Gamble Co. (The)
46,190
Total Household Products
Industrial Conglomerates – 1.3%
3M Co.
Carlisle Cos., Inc.
Danaher Corp.
9,677
575
737
Investments
Illinois Tool Works, Inc.
Joy Global, Inc.
Kennametal, Inc.
Lincoln Electric Holdings, Inc.
Nordson Corp.
Oshkosh Corp.
PACCAR, Inc.
Pall Corp.
Parker Hannifin Corp.
Snap-on, Inc.
Toro Co. (The)
Valmont Industries, Inc.
Wabtec Corp.
Woodward, Inc.
1,312,782
45,620
55,275
1,413,677
7,998
1,105
8,773
Total Insurance
Internet & Catalog Retail – 0.1%
Expedia, Inc.
HSN, Inc.
Value
3,722,914
5,312,845
Total Industrial Conglomerates
Insurance – 0.9%
Aflac, Inc.
AmTrust Financial Services, Inc.
Marsh & McLennan Cos., Inc.
$
504,194
41,559
432,509
978,262
825
655
Total Internet & Catalog Retail
59,813
39,123
98,936
Internet Software & Services – 0.0%
IAC/InterActiveCorp
626
44,690
IT Services – 3.5%
Automatic Data Processing, Inc.
Broadridge Financial Solutions, Inc.
DST Systems, Inc.
Global Payments, Inc.
International Business Machines Corp.
Jack Henry & Associates, Inc.
MasterCard, Inc. Class A
MAXIMUS, Inc.
Paychex, Inc.
Total System Services, Inc.
Visa, Inc. Class A
Western Union Co. (The)
5,646
1,266
300
66
11,186
549
1,666
157
5,719
1,141
1,853
7,877
436,210
47,019
28,437
4,693
2,153,193
30,612
124,450
7,043
243,630
34,698
399,989
128,868
Total IT Services
Leisure Products – 0.6%
Brunswick Corp.
Hasbro, Inc.
Mattel, Inc.
Polaris Industries, Inc.
3,638,842
629
3,048
8,294
646
Total Leisure Products
Life Sciences Tools & Services – 0.1%
Agilent Technologies, Inc.
Techne Corp.
620,942
2,087
418
Total Life Sciences Tools & Services
Machinery – 2.3%
AGCO Corp.
CLARCOR, Inc.
Cummins, Inc.
Donaldson Co., Inc.
Dover Corp.
Flowserve Corp.
Graco, Inc.
IDEX Corp.
28,487
169,530
332,672
90,253
116,705
35,685
152,390
515
443
2,661
1,372
2,143
807
651
827
28,407
25,406
396,462
58,173
175,190
63,220
48,656
60,280
7,056
1,062
891
826
495
777
3,768
1,164
1,666
763
432
151
150
394
Total Machinery
Media – 3.6%
Comcast Corp. Class A
Comcast Corp. Special Class A
John Wiley & Sons, Inc. Class A
Morningstar, Inc.
Scripps Networks Interactive, Inc. Class A
Time Warner Cable, Inc.
Twenty-First Century Fox, Inc. Class A
Twenty-First Century Fox, Inc. Class B
Walt Disney Co. (The)
Metals & Mining – 1.3%
Freeport-McMoRan Copper & Gold, Inc.
Southern Copper Corp.
Steel Dynamics, Inc.
25,473
5,833
699
199
658
4,191
8,485
4,690
14,373
28,433
11,552
4,041
Total Oil, Gas & Consumable Fuels
1,274,160
284,417
40,290
15,725
49,949
574,921
271,265
145,953
1,150,846
940,279
336,279
71,889
1,348,447
1,470
5,577
2,982
13,178
Total Multiline Retail
Oil, Gas & Consumable Fuels – 7.1%
Apache Corp.
Cabot Oil & Gas Corp.
Cimarex Energy Co.
EQT Corp.
Exxon Mobil Corp.
HollyFrontier Corp.
Marathon Oil Corp.
Marathon Petroleum Corp.
Murphy Oil Corp.
Pioneer Natural Resources Co.
QEP Resources, Inc.
SM Energy Co.
Western Refining, Inc.
573,865
61,596
39,471
59,480
34,893
45,742
254,114
104,143
199,437
86,585
27,298
22,475
11,625
16,363
3,807,526
Total Metals & Mining
Multiline Retail – 1.3%
Family Dollar Stores, Inc.
Macy’s, Inc.
Nordstrom, Inc.
Target Corp.
Value
$
2,392,881
Total Media
See Notes to Financial Statements.
52 WisdomTree Domestic Dividend Funds
Shares
85,275
330,660
186,226
797,401
1,399,562
2,834
757
369
173
60,632
3,808
11,772
4,469
2,817
53
375
75
1,329
235,080
25,647
43,952
16,776
5,922,534
181,185
418,141
388,982
177,077
9,918
11,040
5,347
51,299
7,486,978
Schedule of Investments (concluded)
WisdomTree U.S. Dividend Growth Fund (DGRW)
March 31, 2014
Investments
Personal Products – 0.2%
Avon Products, Inc.
Estee Lauder Cos., Inc. (The) Class A
Nu Skin Enterprises, Inc. Class A
Shares
3,399
1,481
305
Total Personal Products
Pharmaceuticals – 1.8%
Allergan, Inc.
Bristol-Myers Squibb Co.
Questcor Pharmaceuticals, Inc.
462
33,720
996
Real Estate Management & Development – 0.0%
Jones Lang LaSalle, Inc.
Road & Rail – 2.4%
CSX Corp.
J.B. Hunt Transport Services, Inc.
Kansas City Southern
Landstar System, Inc.
Norfolk Southern Corp.
Union Pacific Corp.
49,762
99,049
25,269
57,334
1,751,754
64,671
1,873,759
1,259
1,730
159
Total Professional Services
Real Estate Investment Trusts (REITs) – 0.2%
Corrections Corp. of America
$
174,080
Total Pharmaceuticals
Professional Services – 0.2%
Equifax, Inc.
Robert Half International, Inc.
Towers Watson & Co. Class A
Value
85,650
72,573
18,134
176,357
5,256
150
16,731
740
614
1,280
5,447
6,860
164,618
17,775
484,697
53,221
62,665
75,801
529,285
1,287,348
Total Road & Rail
2,493,017
Semiconductors & Semiconductor Equipment – 4.1%
Altera Corp.
2,905
Analog Devices, Inc.
4,136
Broadcom Corp. Class A
3,813
Intel Corp.
86,303
KLA-Tencor Corp.
2,303
Linear Technology Corp.
2,586
LSI Corp.
2,839
Maxim Integrated Products, Inc.
4,976
Microchip Technology, Inc.
3,161
NVIDIA Corp.
6,336
Texas Instruments, Inc.
14,782
Xilinx, Inc.
2,898
105,277
219,787
120,033
2,227,481
159,229
125,912
31,428
164,805
150,969
113,478
696,971
157,275
Total Semiconductors & Semiconductor Equipment
4,272,645
Software – 5.5%
Activision Blizzard, Inc.
FactSet Research Systems, Inc.
Intuit, Inc.
Microsoft Corp.
Oracle Corp.
Solera Holdings, Inc.
Total Software
3,727
274
1,350
103,855
30,660
311
76,180
29,540
104,935
4,257,016
1,254,301
19,699
Investments
Shares
Specialty Retail – 3.4%
Abercrombie & Fitch Co. Class A
Advance Auto Parts, Inc.
Buckle, Inc. (The)
Chico’s FAS, Inc.
Dick’s Sporting Goods, Inc.
DSW, Inc. Class A
GameStop Corp. Class A
Gap, Inc. (The)
GNC Holdings, Inc. Class A
Home Depot, Inc. (The)
Lowe’s Cos., Inc.
Penske Automotive Group, Inc.
PetSmart, Inc.
Ross Stores, Inc.
TJX Cos., Inc. (The)
Tractor Supply Co.
Williams-Sonoma, Inc.
1,446
145
616
1,479
720
600
1,954
7,426
797
21,519
12,048
1,060
900
1,549
5,101
768
1,583
Value
$
55,671
18,343
28,213
23,708
39,319
21,516
80,309
297,486
35,084
1,702,798
589,147
45,326
62,001
110,831
309,376
54,244
105,491
Total Specialty Retail
3,578,863
Technology Hardware, Storage & Peripherals – 4.2%
Apple, Inc.
6,897
EMC Corp.
16,926
NetApp, Inc.
2,442
SanDisk Corp.
1,415
3,701,896
463,941
90,110
114,884
Total Technology Hardware, Storage & Peripherals
4,370,831
Textiles, Apparel & Luxury Goods – 1.2%
Coach, Inc.
Hanesbrands, Inc.
NIKE, Inc. Class B
PVH Corp.
Ralph Lauren Corp.
VF Corp.
5,259
875
5,849
75
472
5,936
Total Textiles, Apparel & Luxury Goods
Tobacco – 2.1%
Altria Group, Inc.
Trading Companies & Distributors – 0.5%
Fastenal Co.
MSC Industrial Direct Co., Inc. Class A
W.W. Grainger, Inc.
Watsco, Inc.
Total Trading Companies & Distributors
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $98,262,846)
Other Assets in Excess of Liabilities – 0.2%
NET ASSETS – 100.0%
261,162
66,920
432,007
9,358
75,959
367,319
1,212,725
58,628
2,194,446
4,719
618
778
385
232,741
53,469
196,570
38,465
521,245
104,634,794
166,762
$104,801,556
5,741,671
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 53
Schedule of Investments
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
March 31, 2014
Investments
UNITED STATES – 99.8%
COMMON STOCKS – 99.8%
Aerospace & Defense – 1.7%
AAR Corp.
American Science & Engineering, Inc.
Cubic Corp.
Curtiss-Wright Corp.
HEICO Corp.
HEICO Corp. Class A
National Presto Industries, Inc.
Shares
2,357
1,359
786
1,929
302
624
524
Total Aerospace & Defense
Air Freight & Logistics – 0.3%
Forward Air Corp.
Auto Components – 1.0%
Cooper Tire & Rubber Co.
Standard Motor Products, Inc.
Strattec Security Corp.
6,260
1,882
233
1,987
2,275
3,766
2,815
1,647
4,120
1,688
17,460
2,363
3,425
152,118
67,319
16,830
32,209
128,833
256,314
50,191
31,293
160,762
45,559
260,329
88,589
60,897
1,114,976
Shares
FutureFuel Corp.
Hawkins, Inc.
Innophos Holdings, Inc.
Innospec, Inc.
KMG Chemicals, Inc.
Koppers Holdings, Inc.
Minerals Technologies, Inc.
Olin Corp.
Quaker Chemical Corp.
Stepan Co.
Zep, Inc.
8,277
932
4,925
2,815
548
1,482
763
14,689
1,146
1,540
1,668
Commercial Services & Supplies – 11.1%
ABM Industries, Inc.
CECO Environmental Corp.
Deluxe Corp.
Ennis, Inc.
G&K Services, Inc. Class A
Healthcare Services Group, Inc.
Herman Miller, Inc.
Interface, Inc.
Kimball International, Inc. Class B
Knoll, Inc.
McGrath Rentcorp
Mobile Mini, Inc.
MSA Safety, Inc.
Steelcase, Inc. Class A
U.S. Ecology, Inc.
UniFirst Corp.
United Stationers, Inc.
Viad Corp.
6,204
6,103
4,341
134
30,565
918
1,709
41,164
58,651
12,687
144,712
56,225
Communications Equipment – 1.7%
ADTRAN, Inc.
InterDigital, Inc.
Plantronics, Inc.
TESSCO Technologies, Inc.
313,439
Total Communications Equipment
80,218
243,204
64,117
10,405
332,242
10,805
107,137
848,128
4,573
1,572
743
865
165,817
34,034
38,725
27,273
Construction & Engineering – 0.4%
Comfort Systems USA, Inc.
Primoris Services Corp.
Containers & Packaging – 1.2%
Greif, Inc. Class A
Distributors – 0.3%
Core-Mark Holding Co., Inc.
Diversified Consumer Services – 2.2%
Carriage Services, Inc.
DeVry Education Group, Inc.
See Notes to Financial Statements.
54 WisdomTree Domestic Dividend Funds
7,297
2,056
6,154
6,540
2,094
10,373
6,152
2,338
2,708
8,671
3,830
4,944
5,438
13,731
1,667
134
3,025
1,760
168,023
34,242
279,248
127,322
8,593
61,103
49,259
405,563
90,339
99,422
29,524
209,716
34,109
322,900
108,368
128,090
301,439
197,664
48,046
49,042
157,725
133,897
214,372
309,966
228,072
61,879
14,732
124,237
42,310
2,686,564
5,304
3,391
2,710
994
129,471
112,276
120,459
37,136
399,342
2,646
1,512
Total Construction & Engineering
Consumer Finance – 0.1%
Cash America International, Inc.
Value
$
1,618,487
Total Commercial Services & Supplies
1,477
1,765
645
4,096
1,016
Total Capital Markets
Chemicals – 6.7%
A. Schulman, Inc.
American Vanguard Corp.
Balchem Corp.
Chase Corp.
79,355
236,267
Total Building Products
Capital Markets – 3.5%
Calamos Asset Management, Inc. Class A
Cohen & Steers, Inc.
FXCM, Inc. Class A
GAMCO Investors, Inc. Class A
Janus Capital Group, Inc.
Pzena Investment Management, Inc. Class A
Westwood Holdings Group, Inc.
61,164
91,284
40,141
122,569
18,168
27,088
40,893
Investments
Total Chemicals
1,721
Total Banks
Building Products – 1.3%
AAON, Inc.
Apogee Enterprises, Inc.
Insteel Industries, Inc.
Simpson Manufacturing Co., Inc.
Universal Forest Products, Inc.
$
401,307
Total Auto Components
Banks – 4.6%
Access National Corp.
BancFirst Corp.
Bank of the Ozarks, Inc.
Cardinal Financial Corp.
Center Bancorp, Inc.
Community Bank System, Inc.
Heartland Financial USA, Inc.
Old National Bancorp
Pinnacle Financial Partners, Inc.
Washington Banking Co.
Value
40,325
45,330
85,655
696
26,949
5,544
291,005
911
66,139
691
4,130
12,604
175,070
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
March 31, 2014
Investments
Hillenbrand, Inc.
Matthews International Corp. Class A
Shares
8,337
1,754
Total Diversified Consumer Services
Diversified Financial Services – 0.2%
Marlin Business Services Corp.
MicroFinancial, Inc.
Electrical Equipment – 1.3%
Allied Motion Technologies, Inc.
AZZ, Inc.
Encore Wire Corp.
Franklin Electric Co., Inc.
Global Power Equipment Group, Inc.
Powell Industries, Inc.
Preformed Line Products Co.
269,535
71,581
528,790
1,398
3,109
Total Diversified Financial Services
Diversified Telecommunication Services – 0.2%
HickoryTech Corp.
Value
$
29,092
24,468
53,560
4,121
52,708
479
1,787
204
2,033
2,008
1,065
369
5,552
79,843
9,896
86,443
39,939
69,012
25,295
315,980
Electronic Equipment, Instruments & Components – 4.4%
AVX Corp.
24,073
Badger Meter, Inc.
1,333
CTS Corp.
2,010
Daktronics, Inc.
6,808
Electro Rent Corp.
6,883
Littelfuse, Inc.
1,452
Mesa Laboratories, Inc.
189
Methode Electronics, Inc.
2,067
MTS Systems Corp.
1,834
Park Electrochemical Corp.
2,018
317,282
73,448
41,969
97,967
121,072
135,965
17,057
63,374
125,611
60,278
Total Electronic Equipment, Instruments & Components
1,054,023
Energy Equipment & Services – 0.7%
Gulfmark Offshore, Inc. Class A
3,957
177,828
Food & Staples Retailing – 0.5%
Andersons, Inc. (The)
Ingles Markets, Inc. Class A
1,357
1,244
80,389
29,632
Total Food & Staples Retailing
110,021
593
2,390
716
906
1,849
553
572
Total Food Products
Health Care Equipment & Supplies – 2.9%
Analogic Corp.
Atrion Corp.
Cantel Medical Corp.
CONMED Corp.
CryoLife, Inc.
Shares
Hill-Rom Holdings, Inc.
LeMaitre Vascular, Inc.
Meridian Bioscience, Inc.
Utah Medical Products, Inc.
5,313
1,478
8,250
455
Total Health Care Equipment & Supplies
Health Care Providers & Services – 0.7%
Chemed Corp.
Ensign Group, Inc. (The)
U.S. Physical Therapy, Inc.
22,356
85,036
44,950
86,949
183,828
8,129
12,973
444,221
367
140
709
3,601
1,876
30,134
42,860
23,908
156,463
18,685
Health Care Technology – 1.6%
Computer Programs & Systems, Inc.
Quality Systems, Inc.
Value
$
204,763
11,927
179,768
26,313
694,821
1,241
851
924
Total Health Care Providers & Services
Total Electrical Equipment
Food Products – 1.8%
Alico, Inc.
Calavo Growers, Inc.
Cal-Maine Foods, Inc.
J&J Snack Foods Corp.
Lancaster Colony Corp.
Lifeway Foods, Inc.
Limoneira Co.
Investments
111,007
37,138
31,943
180,088
2,444
13,419
Total Health Care Technology
157,882
226,513
384,395
Hotels, Restaurants & Leisure – 4.1%
Bob Evans Farms, Inc.
Churchill Downs, Inc.
Einstein Noah Restaurant Group, Inc.
Frisch’s Restaurants, Inc.
International Speedway Corp. Class A
Interval Leisure Group, Inc.
Papa John’s International, Inc.
Ruth’s Hospitality Group, Inc.
Texas Roadhouse, Inc.
3,740
1,153
4,011
1,001
1,130
5,466
3,289
2,731
8,119
Total Hotels, Restaurants & Leisure
Household Durables – 1.7%
Bassett Furniture Industries, Inc.
Ethan Allen Interiors, Inc.
Hooker Furniture Corp.
La-Z-Boy, Inc.
Lifetime Brands, Inc.
M.D.C. Holdings, Inc.
NACCO Industries, Inc. Class A
Ryland Group, Inc. (The)
187,112
105,269
66,021
23,694
38,409
142,881
171,390
33,018
211,743
979,537
1,049
2,615
1,585
1,863
776
6,193
679
904
Total Household Durables
15,578
66,552
24,821
50,487
13,859
175,138
36,809
36,097
419,341
Household Products – 0.8%
Orchids Paper Products Co.
WD-40 Co.
2,405
1,699
Total Household Products
73,593
131,791
205,384
Industrial Conglomerates – 0.3%
Raven Industries, Inc.
2,514
82,334
Insurance – 3.3%
AMERISAFE, Inc.
Crawford & Co. Class A
Employers Holdings, Inc.
HCI Group, Inc.
Infinity Property & Casualty Corp.
National Interstate Corp.
Primerica, Inc.
RLI Corp.
958
5,258
1,632
1,716
1,267
2,460
3,732
2,816
42,066
49,110
33,015
62,462
85,687
65,953
175,814
124,580
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 55
Schedule of Investments (continued)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
March 31, 2014
Investments
Shares
Selective Insurance Group, Inc.
7,250
Total Insurance
Internet & Catalog Retail – 0.3%
PetMed Express, Inc.
Internet Software & Services – 1.4%
j2 Global, Inc.
IT Services – 2.3%
Computer Task Group, Inc.
Convergys Corp.
CSG Systems International, Inc.
Forrester Research, Inc.
Hackett Group, Inc. (The)
Heartland Payment Systems, Inc.
ManTech International Corp. Class A
5,750
6,699
1,320
5,786
4,837
2,124
3,190
1,468
4,667
Materion Corp.
Olympic Steel, Inc.
Synalloy Corp.
US Silica Holdings, Inc.
335,285
Multiline Retail – 0.2%
Fred’s, Inc. Class A
22,427
126,771
125,956
76,145
19,076
60,849
137,256
Oil, Gas & Consumable Fuels – 2.1%
Adams Resources & Energy, Inc.
Delek US Holdings, Inc.
Panhandle Oil and Gas, Inc. Class A
W&T Offshore, Inc.
568,480
639
616
3,178
2,583
30,538
15,659
23,898
154,463
224,558
369
2,895
2,132
1,054
3,810
203
615
1,524
1,898
210
2,202
834
170
495
1,060
505
1,565
1,239
371
1,510
Total Machinery
Marine – 0.2%
International Shipholding Corp.
77,108
Investments
20,048
102,888
76,112
46,281
146,571
14,886
11,710
53,630
60,337
6,689
68,042
30,416
7,964
43,649
20,882
27,058
67,780
81,303
7,045
88,622
981,913
1,687
49,665
Media – 0.9%
Meredith Corp.
4,577
212,510
Metals & Mining – 3.4%
Compass Minerals International, Inc.
Haynes International, Inc.
Kaiser Aluminum Corp.
3,492
1,384
2,185
288,160
74,736
156,053
1,820
203
944
5,579
Paper & Forest Products – 1.2%
Deltic Timber Corp.
Neenah Paper, Inc.
PH Glatfelter Co.
Wausau Paper Corp.
Value
$
61,753
5,826
13,556
212,950
813,034
3,388
61,018
405
7,556
541
13,271
23,458
219,426
23,593
229,721
Total Oil, Gas & Consumable Fuels
496,198
503
1,980
4,135
3,165
Total Paper & Forest Products
32,811
102,405
112,555
40,290
288,061
Personal Products – 0.4%
Inter Parfums, Inc.
2,808
101,678
Professional Services – 1.7%
Barrett Business Services, Inc.
Corporate Executive Board Co. (The)
Exponent, Inc.
Insperity, Inc.
Kelly Services, Inc. Class A
VSE Corp.
357
2,452
624
3,131
1,760
241
21,267
182,012
46,837
96,998
41,765
12,701
Total Professional Services
Real Estate Investment Trusts (REITs) – 4.5%
Geo Group, Inc. (The)
Getty Realty Corp.
National Health Investors, Inc.
Potlatch Corp.
401,580
9,346
9,613
7,417
4,274
Total Real Estate Investment Trusts (REITs)
Road & Rail – 2.1%
Celadon Group, Inc.
Con-way, Inc.
Heartland Express, Inc.
Knight Transportation, Inc.
Marten Transport Ltd.
Universal Truckload Services, Inc.
Werner Enterprises, Inc.
Semiconductors & Semiconductor Equipment – 0.8%
IXYS Corp.
Micrel, Inc.
Power Integrations, Inc.
Total Semiconductors & Semiconductor Equipment
301,315
181,589
448,432
165,361
1,096,697
576
3,500
2,238
6,396
1,033
1,804
3,494
Total Road & Rail
See Notes to Financial Statements.
56 WisdomTree Domestic Dividend Funds
Shares
Total Metals & Mining
Total Leisure Products
Machinery – 4.1%
Alamo Group, Inc.
Albany International Corp. Class A
Altra Industrial Motion Corp.
Astec Industries, Inc.
Barnes Group, Inc.
CIRCOR International, Inc.
Dynamic Materials Corp.
ESCO Technologies, Inc.
Gorman-Rupp Co. (The)
Graham Corp.
John Bean Technologies Corp.
Kadant, Inc.
L.B. Foster Co. Class A
Lindsay Corp.
NN, Inc.
Standex International Corp.
Sun Hydraulics Corp.
Tennant Co.
Titan International, Inc.
Watts Water Technologies, Inc. Class A
169,070
807,757
Total IT Services
Leisure Products – 0.9%
Arctic Cat, Inc.
Johnson Outdoors, Inc. Class A
Marine Products Corp.
Sturm Ruger & Co., Inc.
Value
$
13,847
143,780
50,780
147,939
22,230
52,136
89,132
519,844
2,025
7,766
1,176
22,984
86,047
77,357
186,388
Schedule of Investments (concluded)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
March 31, 2014
Investments
Software – 1.6%
Blackbaud, Inc.
Ebix, Inc.
EPIQ Systems, Inc.
Fair Isaac Corp.
Monotype Imaging Holdings, Inc.
Shares
4,145
5,365
5,803
307
2,071
Total Software
Specialty Retail – 3.9%
Aaron’s, Inc.
Big 5 Sporting Goods Corp.
Cato Corp. (The) Class A
Destination Maternity Corp.
Finish Line, Inc. (The) Class A
Group 1 Automotive, Inc.
Haverty Furniture Cos., Inc.
Lithia Motors, Inc. Class A
Monro Muffler Brake, Inc.
Pier 1 Imports, Inc.
Sonic Automotive, Inc. Class A
Stage Stores, Inc.
Stein Mart, Inc.
Winmark Corp.
Value
$
129,738
91,581
79,095
16,983
62,420
379,817
1,476
3,263
1,154
2,222
3,475
1,579
1,425
1,152
1,719
6,641
1,094
4,939
4,388
79
Total Specialty Retail
44,634
52,371
31,204
60,883
94,138
103,677
42,322
76,562
97,777
125,382
24,593
120,759
61,476
5,977
941,755
Technology Hardware, Storage & Peripherals – 0.1%
TransAct Technologies, Inc.
1,172
13,466
Textiles, Apparel & Luxury Goods – 1.9%
Cherokee, Inc.
Columbia Sportswear Co.
Culp, Inc.
Movado Group, Inc.
Oxford Industries, Inc.
R.G. Barry Corp.
Superior Uniform Group, Inc.
1,614
3,140
629
900
1,007
1,386
1,409
22,483
259,521
12,417
40,995
78,747
26,168
20,670
Total Textiles, Apparel & Luxury Goods
Thrifts & Mortgage Finance – 1.6%
EverBank Financial Corp.
OceanFirst Financial Corp.
Oritani Financial Corp.
461,001
5,378
3,343
13,444
Total Thrifts & Mortgage Finance
Trading Companies & Distributors – 3.2%
Aceto Corp.
Applied Industrial Technologies, Inc.
GATX Corp.
Houston Wire & Cable Co.
Kaman Corp.
377,795
1,820
4,955
4,966
3,777
2,726
Total Trading Companies & Distributors
Wireless Telecommunication Services – 0.4%
USA Mobility, Inc.
TOTAL INVESTMENTS IN SECURITIES – 99.8%
(Cost: $23,350,432)
Other Assets in Excess of Liabilities – 0.2%
NET ASSETS – 100.0%
106,108
59,138
212,549
36,564
239,029
337,092
49,592
110,894
773,171
5,275
95,847
24,115,270
47,723
$24,162,993
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 57
Statements of Assets and Liabilities
WisdomTree Domestic Dividend Funds
March 31, 2014
WisdomTree
Total
Dividend Fund
WisdomTree
Equity
Income Fund
WisdomTree
LargeCap
Dividend Fund
WisdomTree
Dividend exFinancials Fund
WisdomTree
MidCap
Dividend Fund
$316,214,177
$685,334,450
$1,502,144,346
$ 980,685,558
$830,697,148
ASSETS:
Investments, at cost
Investment in affiliates, at cost (Note 7)
Investments in securities, at value
Investment in affiliates, at value (Note 7)
Cash
983,470
1,958,606
1,123,851
2,425,612
1,748,746
418,133,278
793,686,259
1,817,574,061
1,123,921,856
988,624,115
1,007,099
2,023,930
1,140,905
2,478,960
1,814,035
161,398
302,399
564,627
774,647
857,861
753,105
1,835,636
3,037,615
2,376,251
2,170,203
Receivables:
Dividends and interest
Investment securities sold
Total Assets
—
—
—
10,431,537
—
420,054,880
797,848,224
1,822,317,208
1,139,983,251
993,466,214
—
—
—
1,365,877
—
LIABILITIES:
Payables:
Investment securities purchased
Capital shares redeemed
Advisory fees (Note 3)
Service fees (Note 2)
—
—
10,439,870
—
250,378
424,579
361,296
314,981
1,546
2,895
6,669
4,181
3,646
100,094
253,273
431,248
12,171,224
318,627
$419,954,786
$797,594,951
$1,821,885,960
$1,127,812,027
$993,147,587
$346,290,026
$766,559,701
$1,601,315,401
$1,095,976,788
$881,252,035
Total Liabilities
NET ASSETS
—
98,548
NET ASSETS:
Paid-in capital
Undistributed net investment income
206,281
Accumulated net realized loss on investments
Net unrealized appreciation on investments
NET ASSETS
563,863
(95,391,183)
94,257
(112,018,270)
(46,190,961)
101,942,730
108,417,133
315,446,769
143,289,646
157,992,256
$797,594,951
$1,821,885,960
$1,127,812,027
$993,147,587
6,150,000
$
68.29
14,100,000
$
56.57
See Notes to Financial Statements.
58 WisdomTree Domestic Dividend Funds
514,973
(77,627,049)
$419,954,786
Outstanding beneficial interest shares of $0.001 par value
(unlimited number of shares authorized)
Net asset value per share
245,166
(28,484,251)
26,950,000
$
67.60
16,050,000
$
70.27
12,900,000
$
76.99
Statements of Assets and Liabilities (concluded)
WisdomTree Domestic Dividend Funds
March 31, 2014
WisdomTree
SmallCap
Dividend Fund
WisdomTree
U.S. Dividend
Growth Fund
WisdomTree
U.S. SmallCap
Dividend Growth Fund
$ 914,856,981
$ 98,262,846
$23,350,432
ASSETS:
Investments, at cost
Investment in affiliates, at cost (Note 7)
Investments in securities, at value
Investment in affiliates, at value (Note 7)
Cash
3,064,008
—
—
1,056,915,569
104,634,794
24,115,270
3,346,162
—
—
598,126
57,065
27,645
Receivables:
Dividends and interest
Total Assets
2,008,027
134,412
27,911
1,062,867,884
104,826,271
24,170,826
338,600
24,333
7,743
LIABILITIES:
Payables:
Advisory fees (Note 3)
Service fees (Note 2)
3,905
382
90
342,505
24,715
7,833
$1,062,525,379
$104,801,556
$24,162,993
$ 974,733,909
$ 98,678,291
$23,555,419
Total Liabilities
NET ASSETS
NET ASSETS:
Paid-in capital
Undistributed net investment income
Accumulated net realized loss on investments
Net unrealized appreciation on investments
NET ASSETS
88,623
38,292
(337,306)
(195,556)
142,340,742
6,371,948
764,838
$1,062,525,379
$104,801,556
$24,162,993
Outstanding beneficial interest shares of $0.001 par value (unlimited number of shares authorized)
Net asset value per share
1,774,107
(56,323,379)
15,550,000
$
68.33
3,750,000
$
27.95
850,000
$
28.43
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 59
Statements of Operations
WisdomTree Domestic Dividend Funds
For the Year Ended March 31, 2014
WisdomTree
Total
Dividend Fund
WisdomTree
Equity
Income Fund
WisdomTree
LargeCap
Dividend Fund
WisdomTree
Dividend exFinancials Fund
WisdomTree
MidCap
Dividend Fund
$10,607,841
$26,926,575
$ 48,926,286
$ 38,901,104
$ 22,817,064
INVESTMENT INCOME:
Dividends
Dividends from affiliates (Note 7)
20,475
47,102
51,450
61,892
30,265
Securities lending income (Note 2)
40,561
136,599
11,855
56,953
495,128
10,668,877
27,110,276
48,989,591
39,019,949
23,342,457
1,018,060
2,791,298
4,717,506
4,301,027
2,989,051
Total investment income
EXPENSES:
Advisory fees (Note 3)
Service fees (Note 2)
Total expenses
Expense waivers (Note 3)
15,992
32,321
74,105
49,801
34,610
1,034,052
2,823,619
4,791,611
4,350,828
3,023,661
—
(1,619)
—
(1,751)
(403)
Net expenses
1,034,052
2,822,000
4,791,611
4,349,077
3,023,258
Net investment income
9,634,825
24,288,276
44,197,980
34,670,872
20,319,199
(1,160,813)
(4,273,955)
(7,466,056)
(1,162,907)
(3,699,589)
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions
Investment transactions in affiliates (Note 7)
In-kind redemptions
In-kind redemptions in affiliates (Note 7)
Net realized gain
151,008
148,604
273,004
337,192
275,657
14,218,580
60,418,104
87,183,178
135,400,688
71,127,545
—
575
928
5,102
6,253
13,208,775
56,293,328
79,991,054
134,580,075
67,709,866
Net change in unrealized appreciation on investments
37,963,223
16,131,047
148,011,024
4,421,897
68,208,212
Net realized and unrealized gain on investments
51,171,998
72,424,375
228,002,078
139,001,972
135,918,078
$60,806,823
$96,712,651
$272,200,058
$173,672,844
$156,237,277
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS
See Notes to Financial Statements.
60 WisdomTree Domestic Dividend Funds
Statements of Operations (concluded)
WisdomTree Domestic Dividend Funds
For the Year or Period Ended March 31, 2014
WisdomTree
SmallCap
Dividend Fund
WisdomTree
U.S. Dividend
Growth Fund1
WisdomTree
U.S. SmallCap
Dividend Growth Fund2
$ 27,325,384
$1,277,814
$ 243,817
INVESTMENT INCOME:
Dividends
Dividends from affiliates (Note 7)
Securities lending income (Note 2)
Total investment income
47,849
—
—
1,047,155
1,579
10,501
28,420,388
1,279,393
254,318
3,255,558
149,672
43,869
EXPENSES:
Advisory fees (Note 3)
Service fees (Note 2)
Total expenses
Expense waivers (Note 3)
37,696
2,352
508
3,293,254
152,024
44,377
(1,587)
Net expenses
Net investment income
—
—
3,291,667
152,024
44,377
25,128,721
1,127,369
209,941
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS:
Net realized gain (loss) from:
Investment transactions
5,105,452
(307,542)
(210,452)
407,050
—
—
85,468,735
2,250,245
1,213,779
7,507
—
—
Net realized gain
90,988,744
1,942,703
1,003,327
Net change in unrealized appreciation on investments
60,998,846
6,371,948
764,838
151,987,590
8,314,651
1,768,165
$177,116,311
$9,442,020
$1,978,106
Investment transactions in affiliates (Note 7)
In-kind redemptions
In-kind redemptions in affiliates (Note 7)
Net realized and unrealized gain on investments
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS
1
2
For the period May 22, 2013 (commencement of operations) through March 31, 2014.
For the period July 25, 2013 (commencement of operations) through March 31, 2014.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 61
Statements of Changes in Net Assets
WisdomTree Domestic Dividend Funds
WisdomTree
Total Dividend Fund
For the
Year Ended
March 31, 2014
WisdomTree
Equity Income Fund
WisdomTree
LargeCap Dividend Fund
For the
Year Ended
March 31, 2013
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
$
8,719,442
$ 24,288,276
$ 20,707,191
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:
Net investment income
$
9,634,825
$
44,197,980
$
37,796,411
Net realized gain on investments
13,208,775
11,623,492
56,293,328
15,686,573
79,991,054
100,502,099
Net change in unrealized appreciation on
investments
37,963,223
21,220,388
16,131,047
57,341,768
148,011,024
42,147,826
60,806,823
41,563,322
96,712,651
93,735,532
272,200,058
180,446,336
(9,428,544)
(8,940,091)
(24,043,110)
(21,428,467)
(43,683,007)
(38,535,673)
Net increase in net assets resulting from
operations
DIVIDENDS:
Net investment income
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares
105,020,893
49,665,794
296,356,065
270,941,564
395,758,079
622,419,430
Cost of shares redeemed
(33,082,009)
(29,636,759)
(211,015,650)
(131,581,198)
(302,494,839)
(469,439,117)
71,938,884
20,029,035
85,340,415
139,360,366
93,263,240
152,980,313
123,317,163
52,652,266
158,009,956
211,667,431
321,780,291
294,890,976
Beginning of year
$296,637,623
$243,985,357
$ 639,584,995
$ 427,917,564
$1,500,105,669
$1,205,214,693
End of year
$419,954,786
$296,637,623
$ 797,594,951
$ 639,584,995
$1,821,885,960
$1,500,105,669
Undistributed net investment income
included in net assets at end of year
$
$
$
$
$
$
Net increase in net assets resulting from
capital share transactions
Net Increase in Net Assets
NET ASSETS:
206,281
—
245,166
—
514,973
—
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of year
5,000,000
4,600,000
12,500,000
9,550,000
25,450,000
22,750,000
Shares created
1,650,000
950,000
5,500,000
5,800,000
6,300,000
11,300,000
Shares redeemed
Shares outstanding, end of year
(500,000)
6,150,000
(550,000)
5,000,000
(3,900,000)
(2,850,000)
(4,800,000)
(8,600,000)
14,100,000
12,500,000
26,950,000
25,450,000
See Notes to Financial Statements.
62 WisdomTree Domestic Dividend Funds
Statements of Changes in Net Assets (continued)
WisdomTree Domestic Dividend Funds
WisdomTree
Dividend ex-Financials Fund
For the
Year Ended
March 31, 2014
WisdomTree
MidCap Dividend Fund
For the
Year Ended
March 31, 2013
WisdomTree
SmallCap Dividend Fund
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:
Net investment income
$
Net realized gain on investments
Net change in unrealized appreciation on
investments
Net increase in net assets resulting from
operations
46,086,135
$ 20,319,199
$ 13,397,039
25,128,721
$ 14,055,669
134,580,075
34,670,872
$
109,080,081
67,709,866
13,450,174
$
90,988,744
18,133,448
4,421,897
21,198,314
68,208,212
51,779,518
60,998,846
48,871,065
173,672,844
176,364,530
156,237,277
78,626,731
177,116,311
81,060,182
(34,107,009)
(48,511,932)
(20,516,140)
(13,531,422)
(23,354,614)
(14,889,292)
DIVIDENDS:
Net investment income
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares
Cost of shares redeemed
Net increase (decrease) in net assets
resulting from capital share transactions
Net Increase (Decrease) in Net Assets
410,993,802
561,533,550
503,244,191
210,740,736
600,007,486
271,062,801
(517,547,568)
(863,397,708)
(186,545,384)
(81,071,494)
(244,794,543)
(97,473,959)
(106,553,766)
(301,864,158)
316,698,807
129,669,242
355,212,943
173,588,842
33,012,069
(174,011,560)
452,419,944
194,764,551
508,974,640
239,759,732
NET ASSETS:
Beginning of year
$1,094,799,958
$1,268,811,518
$ 540,727,643
$345,963,092
$ 553,550,739
$313,791,007
End of year
$1,127,812,027
$1,094,799,958
$ 993,147,587
$540,727,643
$1,062,525,379
$553,550,739
Undistributed net investment income
included in net assets at end of year
$
$
$
$
$
$
563,863
—
94,257
291,198
1,774,107
—
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of year
Shares created
17,650,000
23,150,000
8,300,000
6,150,000
9,700,000
6,400,000
6,150,000
10,000,000
7,150,000
3,550,000
9,500,000
5,200,000
Shares redeemed
(7,750,000)
(15,500,000)
(2,550,000)
(1,400,000)
(3,650,000)
(1,900,000)
Shares outstanding, end of year
16,050,000
17,650,000
12,900,000
8,300,000
15,550,000
9,700,000
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 63
Statements of Changes in Net Assets (concluded)
WisdomTree Domestic Dividend Funds
WisdomTree
U.S. Dividend Growth Fund
WisdomTree
U.S. SmallCap Dividend Growth Fund
For the Period
May 22, 2013*
through
March 31, 2014
For the Period
July 25, 2013*
through
March 31, 2014
$
$
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS:
Net investment income
Net realized gain on investments
1,127,369
1,942,703
Net change in unrealized appreciation on investments
Net increase in net assets resulting from operations
209,941
1,003,327
6,371,948
764,838
9,442,020
1,978,106
DIVIDENDS AND DISTRIBUTIONS:
Net investment income
Capital gains
Total dividends and distributions
(1,038,746)
(171,649)
(6,237)
—
(1,044,983)
(171,649)
CAPITAL SHARE TRANSACTIONS:
Net proceeds from sale of shares
111,446,892
Cost of shares redeemed
(15,042,473)
(8,457,733)
96,404,419
22,356,436
104,801,456
24,162,893
Net increase in net assets resulting from capital share transactions
Net Increase in Net Assets
30,814,169
NET ASSETS:
Beginning of period
$
End of period
$104,801,556
100
$24,162,993
Undistributed net investment income included in net assets at end of period
$
$
88,623
$
100
38,292
SHARES CREATED AND REDEEMED:
Shares outstanding, beginning of period
Shares created
Shares redeemed
4
4,300,000
1,150,000
(550,004)
Shares outstanding, end of period
3,750,000
* Commencement of operations.
See Notes to Financial Statements.
64 WisdomTree Domestic Dividend Funds
4
(300,004)
850,000
Financial Highlights
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree Total Dividend Fund
Net asset value, beginning of year
For the
Year Ended
March 31, 2014
$
Investment operations:
Net investment income1
Net realized and unrealized gain
Total from investment operations
Dividends to shareholders:
Net investment income
Net asset value, end of year
Net asset value, beginning of year
53.04
For the
Year Ended
March 31, 2012
$
48.84
For the
Year Ended
March 31, 2011
$
42.89
For the
Year Ended
March 31, 2010
$
29.26
1.68
8.91
1.65
6.32
1.47
4.15
1.37
5.92
1.14
13.61
10.59
7.97
5.62
7.29
14.75
68.29
(1.68)
$
18.10%
$419,955
59.33
(1.42)
$
15.39%
$296,638
53.04
(1.34)
$
11.81%
$243,985
48.84
(1.12)
$
17.37%
$170,948
42.89
50.83%
$132,971
0.28%
0.28%
2.65%
0.28%
0.28%
3.05%
0.28%
0.28%
3.03%
0.28%
0.28%
3.10%
0.28%
0.28%
3.01%
12%
13%
15%
6%
16%
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
For the
Year Ended
March 31, 2012
For the
Year Ended
March 31, 2011
For the
Year Ended
March 31, 2010
Portfolio turnover rate4
WisdomTree Equity Income Fund
$
(1.63)
$
TOTAL RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
59.33
For the
Year Ended
March 31, 2013
$
51.17
$
44.81
$
40.52
$
35.12
$
22.98
Investment operations:
Net investment income1
Net realized and unrealized gain
1.77
5.37
1.82
6.40
1.66
4.15
1.61
5.33
1.17
12.16
Total from investment operations
7.14
8.22
5.81
6.94
13.33
Dividends to shareholders:
Net investment income
Net asset value, end of year
TOTAL RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
Portfolio turnover rate4
1
2
3
4
(1.74)
$
56.57
14.24%
$797,595
(1.86)
$
51.17
18.83%
$639,585
(1.52)
$
44.81
14.66%
$427,918
(1.54)
$
40.52
20.24%
$178,273
(1.19)
$
35.12
58.47%
$122,907
0.38%
0.38%
3.31%
0.38%
0.38%
3.91%
0.38%
0.38%
3.99%
0.38%
0.38%
4.25%
0.38%
0.38%
3.72%
30%
28%
22%
8%
25%
Based on average shares outstanding.
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 waived by the investment adviser (Note 2 and 3).
The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 65
Financial Highlights (continued)
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree LargeCap Dividend Fund
Net asset value, beginning of year
For the
Year Ended
March 31, 2014
$
Investment operations:
Net investment income1
Net realized and unrealized gain
Total from investment operations
Dividends to shareholders:
Net investment income
Net asset value, end of year
Net asset value, beginning of year
52.98
For the
Year Ended
March 31, 2012
$
48.31
For the
Year Ended
March 31, 2011
$
42.56
For the
Year Ended
March 31, 2010
$
29.86
1.65
8.64
1.61
6.00
1.45
4.59
1.33
5.68
1.10
12.69
10.29
7.61
6.04
7.01
13.79
67.60
(1.65)
$
17.70%
$1,821,886
58.94
(1.37)
$
14.69%
$1,500,106
52.98
(1.26)
$
12.82%
$1,205,215
48.31
(1.09)
$
16.83%
$611,094
42.56
46.53%
$412,809
0.28%
0.28%
2.62%
0.28%
0.28%
2.97%
0.28%
0.28%
3.02%
0.28%
0.28%
3.04%
0.28%
0.28%
2.89%
11%
14%
14%
5%
17%
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
For the
Year Ended
March 31, 2012
For the
Year Ended
March 31, 2011
For the
Year Ended
March 31, 2010
Portfolio turnover rate4
WisdomTree Dividend ex-Financials Fund
$
(1.63)
$
TOTAL RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
58.94
For the
Year Ended
March 31, 2013
$
Investment operations:
Net investment income1
Net realized and unrealized gain
62.03
$
54.81
$
50.13
$
42.76
$
26.74
2.00
8.22
2.27
7.36
2.06
4.31
1.81
7.25
1.60
16.01
Total from investment operations
10.22
9.63
6.37
9.06
17.61
Dividends to shareholders:
Net investment income
(1.98)
(2.41)
(1.69)
(1.69)
(1.59)
Net asset value, end of year
TOTAL
RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
Portfolio turnover rate4
1
2
3
4
$
70.27
16.75%
$1,127,812
$
62.03
18.18%
$1,094,800
$
54.81
12.99%
$1,268,812
$
50.13
21.68%
$343,382
$
42.76
66.66%
$190,277
0.38%
0.38%
3.06%
0.38%
0.38%
4.08%
0.38%
0.38%
4.05%
0.38%
0.38%
3.99%
0.38%
0.38%
4.32%
35%
34%
38%
5%
57%
Based on average shares outstanding.
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 waived by the investment adviser (Note 2 and 3).
The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
See Notes to Financial Statements.
66 WisdomTree Domestic Dividend Funds
Financial Highlights (continued)
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
WisdomTree MidCap Dividend Fund
Net asset value, beginning of year
For the
Year Ended
March 31, 2014
$
65.15
For the
Year Ended
March 31, 2013
$
56.25
For the
Year Ended
March 31, 2012
$
54.01
For the
Year Ended
March 31, 2011
$
46.08
For the
Year Ended
March 31, 2010
$
26.80
Investment operations:
Net investment income1
Net realized and unrealized gain
1.83
11.82
1.99
8.91
1.47
2.17
1.53
7.79
1.29
19.22
Total from investment operations
13.65
10.90
3.64
9.32
20.51
Dividends to shareholders:
Net investment income
Net asset value, end of year
(1.81)
$
TOTAL RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
Net asset value, beginning of year
(2.00)
$
21.24%
$993,148
65.15
(1.40)
$
19.96%
$540,728
(1.39)
56.25
$
6.99%
$345,963
54.01
(1.23)
$
20.60%
$256,552
46.08
77.34%
$122,121
0.38%
0.38%
2.58%
0.38%
0.38%
3.46%
0.38%
0.38%
2.81%
0.38%
0.38%
3.16%
0.38%
0.38%
3.34%
32%
33%
29%
10%
11%
For the
Year Ended
March 31, 2014
For the
Year Ended
March 31, 2013
For the
Year Ended
March 31, 2012
For the
Year Ended
March 31, 2011
For the
Year Ended
March 31, 2010
Portfolio turnover rate4
WisdomTree SmallCap Dividend Fund
76.99
$
57.07
$
49.03
$
48.66
$
42.39
$
24.06
Investment operations:
Net investment income1
Net realized and unrealized gain
1.85
11.10
1.87
8.14
1.68
0.34
1.72
6.14
1.49
18.28
Total from investment operations
12.95
10.01
2.02
7.86
19.77
Dividends to shareholders:
Net investment income
Net asset value, end of year
TOTAL RETURN2
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of year (000’s omitted)
Ratios to average net assets3 of:
Expenses, net of expense waivers
Expenses, prior to expense waivers
Net investment income
Portfolio turnover rate4
1
2
3
4
(1.69)
$
68.33
22.99%
$1,062,525
(1.97)
$
57.07
21.06%
$553,551
(1.65)
$
(1.59)
49.03
$
4.50%
$313,791
48.66
18.96%
$248,171
(1.44)
$
42.39
83.27%
$154,724
0.38%
0.38%
2.93%
0.38%
0.38%
3.71%
0.38%
0.38%
3.69%
0.38%
0.38%
3.86%
0.38%
0.38%
4.21%
42%
49%
31%
11%
16%
Based on average shares outstanding.
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 waived by the investment adviser (Note 2 and 3).
The ratios to average net assets do not include net investment income (loss) or expenses of affiliated funds in which the Fund invests.
Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
See Notes to Financial Statements.
WisdomTree Domestic Dividend Funds 67
Financial Highlights (concluded)
WisdomTree Domestic Dividend Funds
Selected data for a share of beneficial interest outstanding throughout the period is presented below:
For the Period
May 22, 2013*
through
March 31, 2014
WisdomTree U.S. Dividend Growth Fund
Net asset value, beginning of period
$
24.86
Investment operations:
Net investment income1
Net realized and unrealized gain
0.48
3.02
Total from investment operations
3.50
Dividends and distributions to shareholders:
Net investment income
Capital gains
(0.41)
(0.00)5
Total dividends and distributions to shareholders
(0.41)
Net asset value, end of period
$
TOTAL RETURN2
27.95
14.19%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)
Ratios to average net assets of:
Expenses
Net investment income
$104,802
0.28%3
2.11%3
Portfolio turnover rate4
31%
WisdomTree U.S. SmallCap Dividend Growth Fund
Net asset value, beginning of period
For the Period
July 25, 2013*
through
March 31, 2014
$ 25.02
Investment operations:
Net investment income1
Net realized and unrealized gain
0.34
3.32
Total from investment operations
3.66
Dividends to shareholders:
Net investment income
(0.25)
Net asset value, end of period
$ 28.43
TOTAL RETURN2
14.66%
RATIOS/SUPPLEMENTAL DATA:
Net assets, end of period (000’s omitted)
Ratios to average net assets of:
Expenses
Net investment income
$24,163
0.38%3
1.82%3
Portfolio turnover rate4
*
1
2
3
4
5
71%
Commencement of operations.
Based on average shares outstanding.
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.
Annualized.
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.
Amount is less than $0.005.
See Notes to Financial Statements.
68 WisdomTree Domestic Dividend Funds
Notes to Financial Statements
1. ORGANIZATION
WisdomTree Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an openend management investment company. The Trust was established as a Delaware statutory trust on December 15, 2005. As of
March 31, 2014, the Trust offered 62 investment funds (each a “Fund”, and collectively, the “Funds”). These notes relate only to the
Funds listed in the table below:
Fund
Commencement
of Operations
WisdomTree Total Dividend Fund (“Total Dividend Fund”)
WisdomTree Equity Income Fund (“Equity Income Fund”)
WisdomTree LargeCap Dividend Fund (“LargeCap Dividend Fund”)
WisdomTree Dividend ex-Financials Fund (“Dividend ex-Financials Fund”)
WisdomTree MidCap Dividend Fund (“MidCap Dividend Fund”)
WisdomTree SmallCap Dividend Fund (“SmallCap Dividend Fund”)
WisdomTree U.S. Dividend Growth Fund (“U.S. Dividend Growth Fund”)
WisdomTree U.S. SmallCap Dividend Growth Fund (“U.S. SmallCap Dividend Growth Fund”)
June 16, 2006
June 16, 2006
June 16, 2006
June 16, 2006
June 16, 2006
June 16, 2006
May 22, 2013
July 25, 2013
Each Fund seeks to track the price and yield performance, before fees and expenses, of a particular index (“Index”) developed by
WisdomTree Investments, Inc. (“WisdomTree Investments”). WisdomTree Investments is the parent company of WisdomTree Asset
Management, Inc. (“WTAM”), the investment adviser to each Fund and the Trust. “WisdomTree” is a registered mark of
WisdomTree Investments and has been licensed for use by the Trust. Each Fund described herein is considered to be non-diversified.
In the normal course of business the Funds may enter into contracts that contain a variety of representations or that provide
indemnification for certain liabilities. The Funds’ maximum exposure under these arrangements is unknown, as this would involve
future claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses
pursuant to these contracts.
2. SIGNIFICANT ACCOUNTING POLICIES
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification”) is the exclusive
reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by
nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of
federal laws are also sources of authoritative GAAP for SEC registrants.
The following is a summary of significant accounting policies followed by the Funds:
Use of Estimates — The preparation of financial statements in conformity with GAAP requires management to make certain
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of increases and decreases in the net assets from operations during
the reporting period. Actual results could differ from those estimates.
Investment Valuation — The net asset value (“NAV”) of each Fund’s shares is calculated each day the national securities exchanges
are open for trading as of the close of regular trading on the New York Stock Exchange, generally 4:00 p.m. New York time. NAV per
share is calculated by dividing a Fund’s net assets by the number of Fund shares outstanding. Each Fund issues and redeems shares at
NAV only in large blocks of shares known as creation units, which only certain institutions or large investors may purchase or
redeem. Shares of each Fund are listed on a national securities exchange and trade at market prices. Most investors will buy and sell
shares through brokers. Because Fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV
or less than NAV. In calculating each Fund’s NAV, investments are valued under policies approved by the Board of Trustees.
Securities traded on any recognized U.S. or non-U.S. exchange are valued at the last sale price or official closing price on the
exchange or system on which they are principally traded. Unlisted equity securities are valued at the last quoted sale price or, if no
sale price is available, at the mean between the highest bid and lowest ask price. Short-term securities with 60 days or less remaining
to maturity are valued using the amortized cost method, which approximates fair value. Each Fund may invest in money market
funds which are valued at their NAV per share and affiliated ETFs which are valued at their last sale or official closing price on the
exchange on which they are principally traded.
In certain instances, such as when reliable market valuations are not readily available or are not deemed to reflect current market
values, a Fund’s investments will be fair valued in accordance with the Fund’s pricing policy and procedures. The Board of Trustees
of the Trust has established a pricing committee (the “Pricing Committee”) which is comprised of senior representatives of WTAM
and which reports to the Board of Trustees on a quarterly basis. In the event that a financial instrument cannot be valued based upon
WisdomTree Domestic Dividend Funds 69
Notes to Financial Statements (continued)
a price from a national securities exchange, independent pricing service provider or broker quotation, or such prices are deemed to
not reflect current market value, the Pricing Committee may value the financial instrument in good faith under the policies and
procedures approved by the Board of Trustees based on current facts and circumstances. Securities that may be valued using “fair
value” pricing may include, but are not limited to, securities for which there are no current market quotations, securities whose issuer
is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S.
investment limits or currency controls, and securities affected by “significant events”. An example of a significant event is an event
occurring after the close of the market in which a security trades but before a Fund’s next NAV calculation time that may materially
affect the value of a Fund’s investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements
in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may
cause securities to be fair valued. The Funds may rely on an independent fair valuation service in adjusting the valuations of foreign
securities. When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or
published prices for the same securities.
Fair Value Measurement — In accordance with Codification Topic 820 (“ASC 820”), Fair Value Measurements and Disclosures, fair
value is defined as the price that each Fund would receive upon selling an investment in an orderly transaction to an independent
buyer in the principal or most advantageous market of the investment. ASC 820 established a three-tier hierarchy of inputs to be used
when determining fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants
would use in pricing the asset or liability, including assumptions about risk — for example, the risk inherent in a particular valuation
technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique.
Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the
asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity.
Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing
the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy
of inputs is summarized in the three broad levels listed below:
Level 1 – quoted prices in active markets for identical securities
Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds,
credit risk, etc.)
Level 3 – significant unobservable inputs (including each Fund’s assumptions in determining the fair value of investments)
The inputs or methodology used for valuation are not necessarily an indication of the risk associated with investing in those
investments.
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate
actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as
amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a
security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation or
market activity; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an
event that occurs after the close of the markets on which the security is traded but before the time as of which a Fund’s NAV is
computed and that may materially affect the value of the Fund’s investments).
The valuation techniques and significant inputs used in determining the fair market value measurements for Level 2 and Level 3
positions are as follows:
Financial instruments are generally valued by independent pricing service providers that use broker-dealer quotations, reported
trades or valuation estimates from their internal pricing models. Depending on the type of financial instrument, the independent
pricing service providers’ internal pricing models may use inputs that are observable such as issuer details, interest rates, yield curves,
prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Financial instruments that use similar
valuation techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of
the fair value hierarchy, otherwise a Level 3 fair value classification is appropriate. Short-term investments having a maturity of 60
days or less are generally valued at amortized cost which approximates fair market value. These investments are categorized as Level 2
of the fair value hierarchy. Over-the-counter financial derivative contracts derive their value from underlying asset prices, indices,
reference rates, and other inputs or a combination of these factors. These contracts are normally valued on the basis of broker-dealer
quotations or independent pricing service providers. Depending on the product and the terms of the transaction, the value of the
financial derivative contracts can be estimated by an independent pricing service provider using a series of techniques, including
simulation pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details,
indices, credit risks/spreads, interest rates, yield curves, default and exchange rates. Derivative contracts that use similar valuation
techniques and observable inputs as described above and have an appropriate level of activity are categorized as Level 2 of the fair
value hierarchy, otherwise a Level 3 fair value classification is appropriate.
70 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (continued)
Determination of a fair value by the Pricing Committee may include significant unobservable inputs and therefore would be reflected
as a Level 3 of the fair value hierarchy. The Pricing Committee may employ a market-based valuation approach which may use,
among other potential considerations, related or comparable securities, recent transactions, market multiples, book values, and
other relevant information to determine fair value. The Pricing Committee may also use an income-based valuation approach in
which anticipated future cash flows of the financial instrument are discounted to calculate fair value. The Pricing Committee meets
at least on a monthly basis to review and discuss the appropriateness of such fair values using more current information such as,
recent security news, recent market transactions, updated corporate action information and/or other macro or security specific
events. Also, when observable inputs become available, the Pricing Committee conducts back testing of Level 3 financial instruments
to substantiate the unobservable inputs used to value those investments. Such back testing includes comparing Level 3 investment
values to observable inputs such as exchange-traded prices, transaction prices, and/or vendor prices.
The following is a summary of the fair valuations according to the inputs used as of March 31, 2014 in valuing each Fund’s assets:
Total Dividend Fund
Common Stocks*
Exchange-Traded Fund
Total
Equity Income Fund
Common Stocks*
Exchange-Traded Fund
Total
Level 1
Level 2
Level 3
$418,133,278
$—
$—
1,007,099
$419,140,377
—
$—
—
$—
Level 1
Level 2
Level 3
$793,686,259
$—
$—
2,023,930
—
—
$795,710,189
$—
$—
LargeCap Dividend Fund
Level 1
Level 2
Level 3
Common Stocks*
$1,817,574,061
$—
$—
1,140,905
—
—
$1,818,714,966
$—
$—
Exchange-Traded Fund
Total
Dividend ex-Financials Fund
Common Stocks*
Exchange-Traded Funds
Total
MidCap Dividend Fund
Common Stocks*
Exchange-Traded Fund
Total
Level 1
Level 2
Level 3
$1,123,921,856
$—
$—
2,478,960
—
—
$1,126,400,816
$—
$—
Level 1
Level 2
Level 3
$988,624,115
$—
$—
1,814,035
—
—
$990,438,150
$—
$—
SmallCap Dividend Fund
Level 1
Level 2
Level 3
Common Stocks*
$1,056,915,569
$—
$—
3,346,162
—
—
$1,060,261,731
$—
$—
Exchange-Traded Fund
Total
U.S. Dividend Growth Fund
Level 1
Level 2
Level 3
Common Stocks*
$104,634,794
$—
$—
Level 1
Level 2
Level 3
$24,115,270
$—
$—
U.S. SmallCap Dividend Growth Fund
Common Stocks*
* Please refer to Schedule of Investments for a breakdown of the valuation by industry.
WisdomTree Domestic Dividend Funds 71
Notes to Financial Statements (continued)
There were no Level 3 securities at or during the fiscal year or period ended March 31, 2014.
There were no transfers into or out of any fair value measurement levels as described above during the fiscal year or period ended
March 31, 2014.
The Funds have elected to use the beginning of period method for transfers between fair value measurement levels.
Derivatives and Hedging Disclosure — Codification Topic 815 (“ASC 815”), Derivatives and Hedging, requires qualitative disclosures
about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative
instruments, and disclosures about credit-risk-related contingent features in derivative agreements. The Funds did not invest in
derivative instruments during the fiscal year ended March 31, 2014.
Investment Transactions and Investment Income — Investment transactions are recorded as of the date that the securities are
purchased or sold (trade date). Realized gains and losses on sales of portfolio securities are calculated using the identified-cost
method. Dividend income is recognized on the ex-dividend date. Interest income is accrued daily. The value of additional securities
received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
Expenses — Under the investment advisory agreement for each Fund except U.S. Dividend Growth Fund and U.S. SmallCap
Dividend Growth Fund, WTAM has agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other expenses
(such as stamp taxes) connected with the execution of portfolio transactions or in connection with creation and redemption
transactions; (ii) legal fees or expenses in connection with any arbitration, litigation or pending or threatened arbitration or
litigation, including any settlements in connection therewith; (iii) compensation and expenses of Trustees who are not interested
persons of the Funds (“Independent Trustees”); (iv) compensation and expenses of counsel to the Independent Trustees;
(v) compensation and expenses of the Trust’s Chief Compliance Officer (“CCO”); (vi) extraordinary expenses; (vii) distribution fees
and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act; and (viii) the
advisory fee payable to WTAM. The internal expenses of pooled investment vehicles in which a Fund may invest (acquired fund fees
and expenses) are not expenses of the Fund and are not paid by WTAM.
Under the investment advisory agreement for U.S. Dividend Growth Fund and U.S. SmallCap Dividend Growth Fund, WTAM has
agreed to pay all expenses of the Trust, except for: (i) brokerage expenses and other fees, charges, taxes, levies or expenses (such as
stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption
transactions (including without limitation any fees, charges, taxes, levies or expenses related to the purchase or sale of an amount of
any currency, or the patriation or repatriation of any security or other asset, related to the execution of portfolio transactions or any
creation or 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 CCO; (vi) extraordinary expenses (in each case as determined by a majority of the Independent Trustees);
(vii) distribution fees and expenses paid by the Trust under any distribution plan adopted pursuant to Rule 12b-1 under the 1940
Act; (viii) interest and taxes of any kind or nature (including, but not limited to, income, excise, transfer and withholding taxes);
(ix) fees and expenses related to the provision of securities lending services; and (x) the advisory fee payable to WTAM.
The internal expenses of pooled investment vehicles in which the Fund may invest (acquired fund fees and expenses) are not
expenses of the Fund and are not paid by WTAM.
Pursuant to a separate contractual arrangement, WTAM arranges for the provision of CCO services with respect to each Fund, and is
liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel to the Independent
Trustees. WTAM receives a fee, as shown on the Statements of Operations under “Service fees”, of up to 0.0044% of each Fund’s
average daily net assets for providing such services and paying such expenses. WTAM provides CCO services to the Trust.
Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities
lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S.
securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of cash and/or high grade debt
obligations, equivalent to at least 100% of the market value of securities, is maintained at all times. The cash collateral can be
invested in certain money market mutual funds which also have exposure to the fluctuations of the market. The value of the
investment of cash collateral for securities on loan along with the obligation to return such collateral are included on the Statements
of Assets and Liabilities. The value of securities received as collateral for securities on loan are not included on the Statements of
Assets and Liabilities because the receiving Fund does not have the right to sell or repledge the securities received as collateral. Each
Fund receives compensation for lending its securities from interest or dividends earned on the cash or U.S. government securities
held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The securities lending
income earned by the Funds is disclosed on the Statements of Operations. The dividend and interest income earned on the
securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an
amount equal to any dividends or interest received on loaned securities. The Funds retain all or a portion of the interest received on
investment of cash collateral or receive a fee from the borrower. Lending portfolio securities could result in a loss or delay in
recovering each Fund’s securities if the borrower defaults.
As of March 31, 2014, the Funds did not have any securities on loan.
72 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (continued)
Master Netting Arrangements — Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities”
(“ASU 2011-11”) is generally intended to (i) help investors and other financial statement users to better assess the effect or potential
effect of offsetting arrangements on a company’s financial position, (ii) improve transparency in the reporting of how companies
mitigate credit risk, and (iii) facilitate comparisons between those entities that prepare their financial statements on the basis of GAAP
and those entities that prepare their financial statements on the basis of international financial reporting standards. ASU 2011-11
requires entities to disclose (i) gross and net information about both instruments and transactions eligible for offset in the financial
statements, and (ii) instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is limited
in scope to the following financial instruments, to the extent they are offset in the financial statements or subject to an enforceable
master netting arrangement or similar agreement: (i) recognized derivative instruments accounted for under ASC 815 (Derivatives and
Hedging); (ii) repurchase agreements and reverse repurchase agreements; and (iii) securities borrowing and securities lending
transactions.
A Fund’s security lending activities are governed by a Securities Lending Authorization Agreement (“Lending Agreement”) between
the Fund and the lending agent. The Lending Agreement authorizes the lending agent to lend qualifying U.S. and foreign securities
held by a Fund to approved borrowers (each a “Borrower”). To mitigate borrower risk, a Fund typically receives from a Borrower,
collateral in the form of U.S. dollar cash and/or securities issued or guaranteed by the U.S. government or its agencies in excess of
the market value of the securities loaned. Under the provisions of the Lending Agreement, a Fund shall have, as to the collateral, all
of the rights and remedies of a secured party under applicable law. A Fund is exposed to risk of loss if a Borrower defaults on its
obligation to return borrowed securities and the value of the collateral a Fund received is insufficient to cover the market value of the
securities loaned. Also, the lending agent is permitted to invest the cash collateral it receives from a Borrower into a money market
fund which is subject to market fluctuation. Therefore, a Fund is exposed to risk of loss if the value of invested cash collateral is
insufficient to satisfy the Fund’s obligation to return the full amount owed to such Borrower.
For financial reporting purposes, the Funds elect to not offset assets and liabilities subject to master netting arrangements or similar
arrangements in the Statements of Assets and Liabilities. Therefore, all qualifying transactions, if any at March 31, 2014, are
presented on a gross basis in the Statements of Assets and Liabilities. As of March 31, 2014, there were no balances on the Statements
of Assets and Liabilities subject to master netting arrangements.
Short-Term Investments — Each Fund may invest a portion of its assets in high-quality money market instruments on an ongoing
basis to provide liquidity or for other reasons. The instruments include short-term obligations issued by the U.S. government, its
agencies, non-U.S. government agencies, negotiable certificates of deposit (“CDs”), fixed time deposits and bankers’ acceptances of
U.S. and foreign banks and similar institutions, commercial papers, repurchase agreements and money market funds. CDs are shortterm negotiable obligations of commercial banks. Time deposits are non-negotiable deposits maintained in banking institutions for
specified periods of time at stated interest rates. Banker’s acceptances are time drafts drawn on commercial banks by borrowers,
usually in connection with international transactions.
Tax Information and Dividends and Distributions to Shareholders — It is each Fund’s policy to comply with all requirements of the
Internal Revenue Code of 1986, as amended (the “Code”). Each Fund intends to qualify for and to elect treatment as a separate
Regulated Investment Company (“RIC”) under Subchapter M of the Code. It is the policy of each Fund to pay out dividends, if any,
to investors at least annually. There can be no guarantee that a Fund will pay dividends. Taxable net realized gains from investment
transactions, reduced by capital loss carryforwards, if any, are declared and distributed to shareholders at least annually. The capital
loss carryforward amount, if any, is available to offset future net capital gains. The Funds may occasionally be required to make
supplemental distributions at some other time during the year. The Trust reserves the right to declare special distributions if, in its
reasonable discretion, such action is necessary or advisable to preserve the status of each Fund as a RIC or to avoid imposition of
income or excise taxes on undistributed income. Dividends and distributions to shareholders are recorded on the ex-dividend date.
The amount of dividends and distributions from net investment income and net realized capital gains are determined in accordance
with U.S. Federal income tax regulations which may differ from GAAP. These “book/tax” differences are either considered
temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within
the components of net assets based on their U.S. Federal tax basis treatment; temporary differences do not require reclassification.
Dividends and distributions, which exceed earnings and profit for tax purposes, are reported as a tax return of capital.
3. ADVISORY FEES AND TRANSACTIONS
WTAM has overall responsibility for the general management and administration of the Trust. WTAM provides an investment
program for each Fund. WTAM has arranged for Mellon Capital Management Corporation (“MCM”) to provide sub-advisory services
to the Funds. MCM is compensated by WTAM at no additional cost to the Funds. WTAM also arranges for transfer agency, custody,
fund accounting, fund administration, securities lending and all other non-distribution related services necessary for the Funds to
operate which are generally under separate agreements entered into between the Trust on behalf of the Funds and the applicable
service provider. Under the investment advisory agreement for each Fund, WTAM agrees to pay all expenses of the Funds, except for
certain expenses generally described in Note 2.
WisdomTree Domestic Dividend Funds 73
Notes to Financial Statements (continued)
Pursuant to a separate contractual arrangement, also described in Note 2, WTAM arranges for the provision of CCO services with
respect to each Fund and is liable and responsible for, and administers, payments to the CCO, the Independent Trustees and counsel
to the Independent Trustees in exchange for a fee of up to 0.0044% of each Fund’s average daily net assets. WTAM expects to
receive advisory fees from each Fund, based on a percentage of the Fund’s average daily net assets, as shown in the following table.
Fund
Advisory
Fee Rate
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
0.28%
0.38%
0.28%
0.38%
0.38%
0.38%
0.28%
0.38%
Each Fund may purchase shares of affiliated exchange traded funds in secondary market transactions. For the fiscal year or period
ended March 31, 2014, WTAM waived its advisory fees for each Fund’s investments associated with daily uninvested cash in correlated
affiliated Funds net of any incremental costs as a result of these transactions (fund accounting, safekeeping, transaction fees, etc.)
that are paid by WTAM out of the advisory fee received from the affiliated Funds. The table below indicates the waiver amounts.
Please see Note 7 for additional information on Other Affiliated Parties and Transactions.
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
Advisory
Fees Waived
$
—
1,619
—
1,751
403
1,587
—
—
4. CAPITAL SHARE TRANSACTIONS
As of March 31, 2014, there were an unlimited number of $0.001 par value shares of beneficial interest authorized by the Trust.
Shares are issued and redeemed by each Fund only in creation units or multiples thereof. Except when aggregated in creation units,
shares of each Fund are not redeemable. Transactions in shares for each Fund are disclosed in detail in the Statements of Changes in
Net Assets. The consideration for the purchase of creation units of a Fund generally consists of the in-kind contribution of a
designated portfolio of equity securities constituting a portfolio sampling representation of the securities included in the relevant
Fund’s underlying Index and an amount of cash. Investors purchasing and redeeming creation units may be charged a purchase
transaction fee and a redemption transaction fee to offset transfer and other transaction costs associated with the issuance and
redemption of creation units.
74 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (continued)
5. INVESTMENT PORTFOLIO TRANSACTIONS
Purchases and sales of investments (excluding in-kind capital share transactions and short-term investments) for the fiscal year or
period ended March 31, 2014 were as follows:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
Purchases
Sales
$ 43,952,188
220,448,471
180,986,547
389,605,111
256,737,748
359,720,863
19,406,359
12,083,338
$ 46,537,749
228,405,221
180,607,659
411,105,280
253,690,386
357,006,905
20,267,673
12,419,795
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
For the fiscal year or period ended March 31, 2014, the cost of purchases and the proceeds from sales resulting from in-kind capital
shares transactions were as follows:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
Purchases
Sales
$104,769,504
295,523,200
395,006,531
410,098,455
502,227,789
596,483,622
111,337,277
30,784,376
$ 29,897,746
201,446,695
301,278,928
491,669,893
188,264,011
240,189,317
14,145,738
8,093,745
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
Gains and losses on in-kind redemptions are not recognized by the Funds for tax purposes.
6. FEDERAL INCOME TAXES
At March 31, 2014, the cost of investments (including securities on loan) for Federal income tax purposes was as follows:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
Tax Cost
Gross Unrealized
Appreciation
Gross Unrealized
Depreciation
Net Unrealized
Appreciation
$ 320,594,720
699,031,563
1,513,344,251
1,001,884,307
846,532,836
934,464,481
98,605,540
23,531,787
$101,235,827
105,391,648
317,544,832
148,403,728
155,213,352
141,678,141
6,864,115
1,319,131
$ (2,690,170)
(8,713,022)
(12,174,117)
(23,887,219)
(11,308,038)
(15,880,891)
(834,861)
(735,648)
$ 98,545,657
96,678,626
305,370,715
124,516,509
143,905,314
125,797,250
6,029,254
583,483
WisdomTree Domestic Dividend Funds 75
Notes to Financial Statements (continued)
At March 31, 2014, the components of accumulated earning/loss on a tax-basis were as follows:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
Undistributed
Ordinary Income
Undistributed
Capital and
Other Losses
Net Unrealized
Appreciation
Total Accumulated
Earnings/(Losses)
$ 206,281
245,166
514,973
563,863
94,257
1,774,107
94,011
38,292
$(25,087,178)
(65,888,542)
(85,315,129)
(93,245,133)
(32,104,019)
(39,779,887)
—
(14,201)
$ 98,545,657
96,678,626
305,370,715
124,516,509
143,905,314
125,797,250
6,029,254
583,483
$ 73,664,760
31,035,250
220,570,559
31,835,239
111,895,552
87,791,470
6,123,265
607,574
The tax character of distributions paid during the fiscal years or periods ended March 31, 2014 and March 31, 2013, was as follows:
Fund
Year/Period Ended
March 31, 2014
Year Ended
March 31, 2013
Distributions Paid
from Ordinary
Income*
Distributions Paid
from Ordinary
Income*
$ 9,428,544
24,043,110
43,683,007
34,107,009
20,516,140
23,354,614
1,044,983
171,649
$ 8,940,091
21,428,467
38,535,673
48,511,932
13,531,422
14,889,292
N/A
N/A
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
* Includes short-term capital gains.
1
For the period May 22, 2013 through March 31, 2014.
2
For the period July 25, 2013 through March 31, 2014.
At March 31, 2014, for Federal income tax purposes, the Funds have capital loss carryforwards available to offset capital gains
through the years indicated. To the extent that these loss carryforwards are utilized, capital gains will not be distributed to
shareholders.
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
Capital Loss
Available
Through 2016
Capital Loss
Available
Through 2017
Capital Loss
Available
Through 2018
Capital Loss
Available
Through 2019
$
$ 2,933,071
6,714,664
12,904,697
9,972,192
6,602,518
413,135
—
—
$11,073,078
36,880,803
32,859,591
68,035,975
16,904,294
32,761,958
—
—
$10,786,298
21,181,473
32,903,699
1,318,159
5,568,674
6,604,794
—
—
—
—
1,089,361
791,229
—
—
—
—
Short-Term
Post-Effective
No Expiration*
$
—
—
—
—
—
—
—
6,841
Long-Term
Post-Effective
No Expiration*
$
—
—
1,305,749
13,127,578
2,920,594
—
—
—
Capital Loss
Available
Total
$24,792,447
64,776,940
81,063,097
93,245,133
31,996,080
39,779,887
—
6,841
* Under the recently enacted Regulated Investment Company Modernization Act of 2010, a Fund is permitted to carry forward any new capital losses for an unlimited period.
Additionally, such capital losses that are carried forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as
under previous law. The character of these losses is noted above.
Capital losses incurred after October 31 (“post-October capital losses”) and within the taxable year are deemed to arise on the first
business day of each Fund’s next taxable year.
76 WisdomTree Domestic Dividend Funds
Notes to Financial Statements (continued)
During the fiscal year or period ended March 31, 2014, the following Funds incurred and will elect to defer post-October capital
losses as follows:
Short-Term
Post-October
Capital Losses
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
$
—
—
603,493
—
—
—
—
7,360
Long-Term
Post-October
Capital Losses
$ 294,731
1,111,602
3,648,539
—
107,939
—
—
—
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
During the fiscal year or period ended March 31, 2014, the following Funds utilized capital loss carryforwards of the noted amounts
to offset realized gains:
Utilized
Capital Loss
Carryforwards
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
$
152,242
1,064,261
—
—
—
11,382,637
—
—
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
At March 31, 2014, the effect of permanent book/tax reclassifications resulted in increases (decreases) to the components of net
assets as follows:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund
U.S. SmallCap Dividend Growth Fund
Undistributed Net
Investment
Income/(Loss)
Accumulated Net
Realized Gain (Loss)
Paid-in Capital
$—
—
—
—
—
—
—
—
$ (13,994,181)
(58,318,264)
(85,247,294)
(130,723,486)
(67,968,244)
(82,441,745)
(2,273,772)
(1,198,883)
$ 13,994,181
58,318,264
85,247,294
130,723,486
67,968,244
82,441,745
2,273,772
1,198,883
These differences are primarily due to redemptions-in-kind and the utilization of earnings and profits distributed to shareholders on
redemptions of shares.
GAAP provides guidance on tax provisions that prescribe a minimum threshold for financial statement recognition of the benefit of
a tax position taken or expected to be taken in a tax return. Foreign taxes are provided for based on each Fund’s understanding of
the tax rules and rates that exist in the foreign markets in which it invests. Taxes are accrued and applied to net investment income,
net realized capital gains and net unrealized appreciation, as applicable, as the income is earned or capital gains are recorded. As of
and during the fiscal year or period ended March 31, 2014, the Funds did not have any liabilities for unrecognized tax benefits. If
applicable, the Funds will recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in
“Other” expenses on the Statements of Operations. The Funds file tax returns with the Internal Revenue Service, the State of New
York, and various other states. Generally, each of the tax years in the four-year period ended March 31, 2014, remains subject to
examination by taxing authorities.
WisdomTree Domestic Dividend Funds 77
Notes to Financial Statements (concluded)
7. OTHER AFFILIATED PARTIES AND TRANSACTIONS
Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies
during the fiscal year or period ended March 31, 2014 are as follows:
Value at
3/31/2013
Purchases/
Additions
Sales/
Reductions
Value at
3/31/2014
Dividend
Income
Total Dividend Fund
WisdomTree Total Earnings Fund
$ 555,273
$ 5,056,674
$ 4,750,100
$1,007,099
$20,475
Equity Income Fund
WisdomTree Total Dividend Fund
$1,724,461
$13,608,338
$13,498,009
$2,023,930
$47,102
LargeCap Dividend Fund
WisdomTree Total Dividend Fund
$1,000,359
$21,598,169
$21,711,736
$1,140,905
$51,450
Dividend ex-Financials Fund
WisdomTree LargeCap Dividend Fund
WisdomTree MidCap Dividend Fund
Total
$ 949,055
953,240
$1,902,295
$10,574,408
10,567,256
$21,141,664
$10,430,243
10,477,046
$20,907,289
$1,237,251
1,241,709
$2,478,960
$30,826
31,066
$61,892
MidCap Dividend Fund
WisdomTree LargeCap Dividend Fund
$1,280,250
$11,164,057
$10,742,364
$1,814,035
$30,265
SmallCap Dividend Fund
WisdomTree MidCap Dividend Fund
$2,167,320
$10,873,412
$10,133,896
$3,346,162
$47,849
Fund
8. RECENT ACCOUNTING PRONOUNCEMENT
In June 2013, the FASB issued Accounting Standards Update 2013-08 “Financial Services-Investment Companies” (“ASU 2013-08”).
ASU 2013-08 provides clarifying guidance to determine if an entity qualifies as an investment company. ASU 2013-08 also requires an
investment company to measure non-controlling interests in other investment companies at fair value. The following disclosures will
also be required upon adoption of ASU 2013-08: (i) whether an entity is an investment company and is applying the accounting and
reporting guidance for investment companies; (ii) information about changes, if any, in an entity’s status as an investment company;
and (iii) information about financial support provided or contractually required to be provided by an investment company to any of
its investees. The requirements of ASU 2013-08 are effective for fiscal years that begin after December 15, 2013.
At this time, management is evaluating the implications of ASU 2013-08 and its impact on the Trust’s financial statements.
9. ADDITIONAL INFORMATION
In September 2013, the Funds entered into agreements to change transfer agency, custody, fund accounting, fund administration
and securities lending services from Bank of New York Mellon to State Street Bank and Trust Company, effective April 1, 2014.
78 WisdomTree Domestic Dividend Funds
Report of Independent Registered Public Accounting Firm
The Board of Trustees and Shareholders of WisdomTree Trust:
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of WisdomTree Total
Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund, WisdomTree Dividend ex-Financials
Fund, WisdomTree MidCap Dividend Fund, WisdomTree SmallCap Dividend Fund, WisdomTree U.S. Dividend Growth Fund and
WisdomTree U.S. SmallCap Dividend Growth Fund (eight of the investment funds constituting WisdomTree Trust (the “Trust”)) as
of March 31, 2014, and the related statements of operations, the statements of changes in net assets, and the financial highlights for
each of the periods indicated therein. These financial statements and financial highlights are the responsibility of the Trust’s
management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
and financial highlights are free of material misstatement. We were not engaged to perform an audit of the Trust’s internal control
over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
Trust’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the
accounting principles used and significant estimates made by management, and evaluating the overall financial statement
presentation. Our procedures included confirmation of securities owned as of March 31, 2014, by correspondence with the custodian
and brokers or by other appropriate auditing procedures where replies from brokers were not received. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial
position of WisdomTree Total Dividend Fund, WisdomTree Equity Income Fund, WisdomTree LargeCap Dividend Fund,
WisdomTree Dividend ex-Financials Fund, WisdomTree MidCap Dividend Fund, WisdomTree SmallCap Dividend Fund,
WisdomTree U.S. Dividend Growth Fund and WisdomTree U.S. SmallCap Dividend Growth Fund of WisdomTree Trust at
March 31, 2014, the results of their operations, the changes in their net assets, and the financial highlights for each of the periods
indicated therein, in conformity with U.S. generally accepted accounting principles.
New York, New York
May 30, 2014
WisdomTree Domestic Dividend Funds 79
Trustees and Officers Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of
the duties performed by WTAM and other service providers. The Board of Trustees elects the officers of the Trust who are
responsible for administering the Trust’s day-to-day operations. Each Trustee serves until his or her successor is duly elected or
appointed and qualified.
The address of each Trustee and Officer is c/o WisdomTree Asset Management, Inc., 245 Park Avenue, 35th Floor, New York,
NY 10167.
Independent Trustees
Name
and Year of Birth
of Trustee/Officer
Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served
Principal Occupation(s)
During the Past 5 Years
Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
Other
Directorships
Held by Trustee
During Past 5 Years
David G. Chrencik*
(1948)
Trustee, 2014 – Chief Financial Officer of GeoGreen
present
BioFuels, Inc. (biodiesel fuel producer)
since 2010; Chief Financial Officer of
Sarus Indochina Select LP Hedge Fund
since 2012; Audit Partner at
PricewaterhouseCoopers LLP (public
accounting firm) from 1972 to 2009
(includes positions prior to becoming
Audit Partner and predecessor firms).
62
Trustee, Vericimetry
Funds
Joel Goldberg**
(1945)
Trustee, 2012 – Attorney, Of Counsel/Partner at Stroock
present
& Stroock & Lavan LLP, 2010 to
present; Attorney, Partner at Willkie
Farr & Gallagher LLP, 2006 to 2010.
62
None
Melinda A. Raso Kirstein
(1955)
Trustee, 2014 – Retired, Merrill Lynch Investment
present
Management, Vice President; Senior
Portfolio Manager, Fixed Income
Management; Director, Tax Exempt
Fund Management.
62
Associate Alumnae
of Douglass College,
Member of
Investment
Committee
Toni Massaro***
(1955)
Trustee, 2006 – Dean Emerita at the University of
present
Arizona James E. Rogers College of Law
(“Rogers College of Law”) since 2009
(distinguished Emerita in July 2009);
Dean at the Rogers College of Law from
1999 to 2009; Regents’ Professor at the
Rogers College of Law since 1990.
62
None
Victor Ugolyn
(1947)
Trustee, 2006 –
present;
Chairman of
the Board of
Trustees, 2006 –
present
Private Investor, 2005 to present;
President and Chief Executive Officer of
William D. Witter, Inc. from 2005 to
2006; Consultant to AXA Enterprise in
2004; Chairman, President and Chief
Executive Officer of Enterprise Capital
Management (subsidiary of The MONY
Group, Inc.) and Enterprise Group of
Funds, Chairman of MONY Securities
Corporation, and Chairman of the Fund
Board of Enterprise Group of Funds
from 1991 to 2004.
62
Member of the
Board of Governors
of Naismith
Memorial
Basketball Hall of
Fame
+
*
**
***
As of March 31, 2014.
Chair of the Audit Committee.
Chair of the Contracts Review Committee.
Chair of the Governance and Nominating Committee.
80 WisdomTree Domestic Dividend Funds
Trustees and Officers Information (unaudited) (concluded)
Interested Trustee and Officers
Name
and Year of Birth of
Trustee/Officer
Position(s) Held
with the Trust,
Term of Office
and Length of
Time Served
Principal Occupation(s)
During the Past 5 Years
Number of Portfolios
in Fund Complex
Overseen by Trustee/
Officer+
Other
Directorships
Held by Trustee
During Past 5 Years
Director, WisdomTree
Investments, Inc. and
WisdomTree Asset
Management, Inc.
Jonathan Steinberg****
(1964)
Trustee, 2005 –
present
President,
2005 – present
President, WisdomTree Trust since 2005;
President, WisdomTree Investments,
Inc. and WisdomTree Asset
Management, Inc.; Chief Executive
Officer WisdomTree Investments, Inc.
and WisdomTree Asset Management,
Inc.
David Castano****
(1971)
Treasurer,
2013 – present
Director of Fund Accounting &
Administration, WisdomTree Asset
Management, Inc., since 2011; Vice
President of Legg Mason & Co. and
served as Treasurer from 2010 to 2011
and Controller from 2006 to 2010 of
certain mutual funds associated with
Legg Mason & Co.; Assistant Treasurer
of Lord Abbett mutual funds from 2004
to 2006.
62
None
Ryan Louvar****
(1972)
Secretary and
Chief Legal
Officer, 2013 –
present
General Counsel, WisdomTree Asset
Management, Inc. since 2013; Vice
President and Senior Managing Counsel,
State Street, 2005 to 2013.
62
None
Sarah English****
(1977)
Assistant
Secretary,
2013 – present
Investment Management Counsel,
WisdomTree Asset Management, Inc.
since 2010 (includes prior positions at
WisdomTree Asset Management, Inc.);
Attorney, NYFIX, Inc. from 2006 to
2009.
62
None
Terry Jane Feld****
(1960)
Chief
Compliance
Officer, 2012 –
present
Chief Compliance Officer, WisdomTree
Asset Management, Inc. since 2012;
Senior Compliance Officer, WisdomTree
Asset Management since 2011; Senior
Compliance Officer, TIAA-CREF, 2007
to 2010; Vice President/NASD-SEC
Compliance, Mutual of America Life
Insurance Co., 2004 to 2007.
62
None
62
+
As of March 31, 2014.
**** Elected by and serves at the pleasure of the Board.
WisdomTree Domestic Dividend Funds 81
Supplemental Information (unaudited)
Federal Income Tax Information
The following Federal tax information related to the Funds fiscal year or period ended March 31, 2014, is provided for information
purposes only and should not be used for reporting to federal or state revenue agencies. Federal tax information for the calendar
year will be reported to you on Form 1099-DIV in January 2015.
Certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided by the Jobs and Growth Tax Relief
Reconciliation Act of 2003. Of the distributions paid during the fiscal year or period ended March 31, 2014, the following represents
the maximum amount of ordinary income distributions that may be considered qualified dividend income:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
Qualified Dividend
Income
$ 9,428,544
24,043,110
43,683,007
34,107,009
18,077,426
22,403,556
1,044,983
171,649
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
The following represents the percentage of dividends paid during the fiscal year or period ended March 31, 2014, that qualify for the
70% dividends received deduction for corporate shareholders:
Fund
Total Dividend Fund
Equity Income Fund
LargeCap Dividend Fund
Dividend ex-Financials Fund
MidCap Dividend Fund
SmallCap Dividend Fund
U.S. Dividend Growth Fund1
U.S. SmallCap Dividend Growth Fund2
1
2
For the period May 22, 2013 through March 31, 2014.
For the period July 25, 2013 through March 31, 2014.
82 WisdomTree Domestic Dividend Funds
Dividends-Received
Deduction
100.00%
100.00%
100.00%
100.00%
86.31%
94.16%
100.00%
100.00%
General Information (unaudited)
Proxy Voting Policies, Procedures and Record
A complete copy of the Proxy Voting Policy may be obtained by calling 1-866-909-WISE (9473) or writing to: WisdomTree Trust, c/o
ALPS Distributors, Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203.
The Trust is required to disclose annually the Funds’ complete proxy voting record on Form N-PX covering the most recent 12month period ended June 30 and to file Form N-PX with the SEC no later than August 31 of each year. The current Form N-PX for
the Funds is available at no charge upon request by calling 1-866-909-WISE (9473) or through the Trust’s website at
www.wisdomtree.com. The Funds’ Form N-PX is also available on the SEC’s website at www.sec.gov.
Special Shareholder Meeting Results
A special meeting of shareholders of WisdomTree Trust (the “Trust”) was held on March 11, 2014 and the three Trustees identified
below were elected by the Trust’s shareholders. Election of Trustees was the only matter proposed for voting at the special meeting
and the following is a report of the votes cast:
Nominee*
David Chrencik
Joel Goldberg
Melinda Raso Kirstein
For
Withheld
564,021,648
564,748,510
563,676,336
4,593,018
3,866,156
4,938,330
* Joel Goldberg is an existing Trustee of the Trust who had not previously been elected by shareholders, while David Chrencik and Melinda Raso Kirstein are newly elected
Trustees.
Shareholder Reports and Quarterly Portfolio Disclosure
The Funds are required to file their complete schedule of portfolio holdings with the SEC for their first and third fiscal quarters on
Form N-Q. Copies of the filings are available, without charge, on the SEC’s website at www.sec.gov and are also available by calling the
Trust at 1-866-909-WISE (9473). You can also obtain copies of Form N-Q by (i) visiting the SEC’s Public Reference Room in
Washington, DC (information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330);
(ii) sending your request and a duplicating fee to the SEC’s Public Reference Room, Washington, DC 20549-0102; or (iii) sending
your request electronically to publicinfo@sec.gov.
Information about each Fund’s portfolio holdings is available daily, without charge, at www.wisdomtree.com.
The Funds’ Statement of Additional Information (“SAI”) has additional information about the Funds’ Trustees and Officers and is
available without charge upon request. Contact your financial representative for a free prospectus or SAI.
Frequency Distribution of Discounts & Premiums
Information about differences between the per share net asset value of each Fund and the market trading price of shares of each
Fund are available, without charge, at www.wisdomtree.com.
WisdomTree Domestic Dividend Funds 83
The WisdomTree Family of Funds
The following is a list of WisdomTree Funds being offered, along with their respective ticker symbols, as of March 31, 2014:
WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree U.S. Dividend Growth Fund (DGRW)
WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS)
WisdomTree Domestic and International
Earnings Funds
WisdomTree International Dividend Funds
WisdomTree Currency Strategy Funds
WisdomTree DEFA Fund (DWM)
WisdomTree DEFA Equity Income Fund (DTH)
WisdomTree Global Equity Income Fund (DEW)
WisdomTree Europe SmallCap Dividend Fund (DFE)
WisdomTree Japan Hedged Equity Fund (DXJ)
WisdomTree Global ex-U.S. Dividend Growth Fund (DNL)
WisdomTree Japan SmallCap Dividend Fund (DFJ)
WisdomTree Asia Pacific ex-Japan Fund (AXJL)
WisdomTree Australia Dividend Fund (AUSE)
WisdomTree International LargeCap Dividend Fund (DOL)
WisdomTree International Dividend ex-Financials Fund (DOO)
WisdomTree International MidCap Dividend Fund (DIM)
WisdomTree International SmallCap Dividend Fund (DLS)
WisdomTree Emerging Markets Equity Income Fund (DEM)
WisdomTree Emerging Markets SmallCap Dividend Fund (DGS)
WisdomTree Middle East Dividend Fund (GULF)
WisdomTree Europe Hedged Equity Fund (HEDJ)
WisdomTree China Dividend ex-Financials Fund (CHXF)
WisdomTree United Kingdom Hedged Equity Fund (DXPS)
WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
WisdomTree Emerging Markets Dividend Growth Fund (DGRE)
WisdomTree Emerging Markets Consumer Growth Fund (EMCG)
WisdomTree Germany Hedged Equity Fund (DXGE)
WisdomTree Korea Hedged Equity Fund (DXKW)
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)
WisdomTree Brazilian Real Strategy Fund (BZF)
WisdomTree Chinese Yuan Strategy Fund (CYB)
WisdomTree Commodity Currency Strategy Fund (CCX)
WisdomTree Emerging Currency Strategy Fund (CEW)
WisdomTree Indian Rupee Strategy Fund (ICN)
WisdomTree International Dividend
Sector Funds
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree India Earnings Fund (EPI)
WisdomTree Fixed Income Funds
WisdomTree Asia Local Debt Fund (ALD)
WisdomTree Australia & New Zealand Debt Fund (AUNZ)
WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund
(AGND)
WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD)
WisdomTree Bloomberg Floating Rate Treasury Fund (USFR)
WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund
(HYND)
WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund
(HYZD)
WisdomTree Emerging Markets Corporate Bond Fund (EMCB)
WisdomTree Emerging Markets Local Debt Fund (ELD)
WisdomTree Euro Debt Fund (EU)
WisdomTree Global Corporate Bond Fund (GLCB)
WisdomTree Japan Interest Rate Strategy Fund (JGBB)
WisdomTree Alternative Funds
WisdomTree Global Real Return Fund (RRF)
WisdomTree Managed Futures Strategy Fund (WDTI)
WisdomTree Commodity Country Equity Fund (CCXE)
WisdomTree Global Natural Resources Fund (GNAT)
WisdomTree Global ex-U.S. Utilities Fund (DBU)
WisdomTree Global ex-U.S. Real Estate Fund (DRW)
The WisdomTree Funds are exchange traded funds (“ETFs”) registered with the United States Securities and Exchange Commission as separate series (“Funds”) of
WisdomTree Trust (“Trust”). WisdomTree Asset Management, Inc., a wholly owned subsidiary of WisdomTree Investments, Inc., serves as the investment adviser to
the Trust. None of the WisdomTree entities are affiliated with ALPS Distributors, Inc., the Funds’ distributor. WisdomTree Investments, its affiliates and their
independent providers are not liable for any informational errors, incompleteness, delays, or for any actions taken in reliance on information contained herein.
Investors should consider the investment objectives, risks, charges and expenses of the Funds carefully before investing. A prospectus, containing
this and other information, is available at www.wisdomtree.com, or by calling 1-866-909-WISE (9473). Investors should read the prospectus
carefully before investing. There are risks associated with investing, including possible loss of principal. Past performance does not guarantee
future results. Indexes are unmanaged and you cannot invest directly in an index.
There are risks associated with investing, including possible loss of principal. Funds focusing their investments on certain sectors and/or smaller
companies increase their vulnerability to any single economic or regulatory development. This may result in greater share price volatility. Please
read the Fund’s prospectus for specific details regarding the Fund’s risk profile.
Transactions in Fund shares will result in brokerage commissions and will generate tax consequences. Shares may be sold through brokerage
accounts, but may be redeemed from the Funds only in large amounts of 50,000 shares or more.
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WisdomTree Domestic Dividend Funds
WisdomTree Total Dividend Fund
WisdomTree Equity Income Fund
WisdomTree LargeCap Dividend Fund
WisdomTree Dividend ex-Financials Fund
WisdomTree MidCap Dividend Fund
WisdomTree SmallCap Dividend Fund
WisdomTree U.S. Dividend Growth Fund
WisdomTree U.S. SmallCap Dividend Growth Fund
WisdomTree Fund shares are distributed by ALPS Distributors, Inc.
WIS006645 5/2015